Category: Business

  • MIL-OSI China: Chinese economy off to robust start in 2025 as growth gains momentum

    Source: China State Council Information Office

    The Chinese economy has maintained good growth momentum, starting the year on a steady note with sound industrial performances and impactful macro policies, official data revealed on Monday.

    During January and February 2025, most key indicators saw solid increases, employment remained generally stable, and new quality productive forces continued to grow, according to the National Bureau of Statistics (NBS).

    Given the economy’s sound performance in the first two months, China has more favorable conditions to achieve its full-year growth target of around 5 percent for 2025, NBS spokesperson Fu Linghui said at a press conference.

    A good start 

    In the first two months of 2025, China’s value-added industrial output, an important economic indicator, increased 5.9 percent year on year. In February, industrial output grew 0.51 percent from January.

    The country’s fixed-asset investment totaled 5.2619 trillion yuan (about 734 billion U.S. dollars) during the January-February period. It increased 4.1 percent year on year and was 0.9 percentage points higher than the full-year growth rate of 2024.

    Investment in infrastructure construction rose 5.6 percent from a year ago during the two months, and manufacturing investment increased 9 percent.

    An aerial drone photo shows a view of Yangpu International Container Port in the Yangpu Economic Development Zone in Danzhou, south China’s Hainan Province, Jan. 11, 2025. [Photo/Xinhua]

    The services sector also registered accelerated growth in the period, with its official production index growing 5.6 percent year on year at a rate 0.4 percentage points faster than the 2024 whole-year growth rate.

    Retail sales of consumer goods, a major indicator of a country’s consumption strength, climbed 4 percent year on year in the first two months of 2025 to over 8.37 trillion yuan, according to the NBS data.

    The country’s overall employment landscape has remained stable, with the average surveyed urban unemployment rate standing at 5.3 percent, level with the January-February period of last year.

    Fu attributed the upbeat momentum to the synergistic effects of existing and incremental policies, highlighting the implementation of a more proactive fiscal policy and a moderately loose monetary policy this year.

    Job seekers attend a job fair held in Huaibei, east China’s Anhui Province, Jan. 22, 2025. [Photo/Xinhua]

    Favorable growth conditions 

    The country’s sound economic performance in the first two months has laid a good foundation for success in meeting its annual growth target, given that the synergistic effects of macro policies have gained momentum, that reform and opening up have been deepened comprehensively, and that confidence has strengthened, Fu said.

    Looking ahead, China possesses multiple favorable conditions to maintain stable, healthy economic development, the spokesperson added.

    Highlighting its solid industrial foundations and strengthened new growth drivers, Fu said that China is the only country in the world with all industrial categories listed in the United Nations Industrial Classification, and its manufacturing scale has led globally for 15 consecutive years, with “Made in China” products meeting both domestic and global demand.

    China’s integration of advanced manufacturing and production services is progressing rapidly, and policies focusing on the improvement of livelihoods have created favorable conditions for consumer services, Fu noted.

    Breakthroughs in the field of artificial intelligence have amplified opportunities for industrial upgrading, the spokesperson said.

    This photo taken on March 6, 2025 shows an automated production site at the final assembly workshop of Chang’an Auto Digital Intelligence Factory, in Yubei District of southwest China’s Chongqing. [Photo/Xinhua]

    In terms of the market and consumption, Fu said that China’s market offers immense growth potential, with a population of over 1.4 billion and a per capita GDP exceeding 13,000 U.S. dollars. The expansion of new types of consumption such as spending in the green and digital sectors, as well as services consumption in areas such as elderly care and childcare will become a significant driving force for consumption growth.

    Reform and opening up remain the lifeblood of China’s progress, according to the spokesperson. Over 300 reform initiatives put forward at the third plenary session of the 20th Central Committee of the Communist Party of China in July last year will stimulate productivity further and inject vitality into the economy.

    The incremental policy packages that China unveiled last year have revitalized market confidence and spurred market vitality, Fu said, adding that 2025 marks the final year of China’s 14th Five-Year Plan (2021-2025), and that work to achieve the national growth target of around 5 percent requires arduous efforts.

    Fu stressed the importance of seizing the current opportunities in economic recovery, enhancing the implementation of various macroeconomic policies, and deepening comprehensive reform further, among other efforts, to achieve the country’s economic and social development goals. 

    MIL OSI China News

  • MIL-OSI China: New policy supports unveiled to encourage consumption

    Source: China State Council Information Office

    The State Council Information Office holds a press conference on boosting consumption in Beijing, capital of China, March 17, 2025. [Photo/Xinhua]

    A new plan to expand consumer spending unveiled on Sunday is expected to encourage consumption and drive economic growth in China. The country has maintained its position as the world’s second-largest consumer market and largest e-commerce market for over a decade.

    Data released on Monday shows that retail sales of consumer goods — a major indicator of the country’s consumption strength — climbed 4 percent year on year in the first two months of 2025, 0.5 percentage points higher than the same period in 2024.

    Despite the positive data, consumer confidence remains weak due to multiple factors, and it remains imperative that consumption is boosted and domestic demand is expanded, Li Chunlin, deputy director of the National Development and Reform Commission (NDRC), said at a press conference on Monday.

    The plan is composed of 30 policies across eight sections, the first seven of which outline specific actions for implementation, including demand-side initiatives such as income enhancement for urban and rural residents, and measures to support consumption capacities.

    On the supply side, actions are aimed at improving the quality of services consumption, upgrading bulk consumption and enhancing consumption quality.

    The eighth section emphasizes the need to enhance supportive policies related to investment, finance, credit and statistics.

    Stock, real estate market stability 

    For the first time, the consumption support plan emphasizes the need to stabilize the stock and real estate markets.

    Previous consumption policies focused primarily on the supply side, emphasizing that supply drives demand creation. However, the latest policies also prioritize the demand side, aiming to boost household incomes and ease financial burdens, Li noted.

    He cited measures such as those related to reasonable wage growth and scientifically adjusted minimum wages, both of which are highlighted in the consumption support plan.

    To enhance property incomes, the plan calls for a multifaceted approach, including the stabilization of the stock market, strengthened strategic reserves and market stabilization mechanisms, and the accelerated removal of barriers preventing long-term funds — such as commercial insurance funds, the national social security fund and the basic pension insurance fund — from entering the market.

    To meet housing consumption needs in an improved manner, efforts will focus on curbing the downturn and restoring the stability of the real estate market, according to the plan.

    Financial authorities have been encouraging medium and long-term funds to enter the capital market to stabilize stock performance further.

    Since last year, Chinese policymakers have introduced a range of measures, including financial stimuli and regulatory adjustments, to bolster the property sector. These include mortgage rate cuts, decreased down payment requirements, eased purchasing restrictions and financing coordination mechanisms to enhance funding support for developers.

    Better consumption, well-being 

    By connecting consumer spending to broader social goals like elderly care improvement, child care support and work-life balance, the plan embeds consumption growth within China’s broader development objectives, signaling that consumption is being positioned not just as an economic goal but as a means to enhancing quality of life.

    Solid investments will continue to be made. For example, ultra-long special treasury bonds totaling 300 billion yuan (41.67 billion U.S. dollars) will be issued to support consumer goods trade-in programs in 2025, doubling the 2024 figure.

    The programs, which kicked off last March, drove equipment purchases and investment up by 15.7 percent in 2024, contributing 67.6 percent of overall investment growth, and boosted sales of bulk durable consumer goods by over 1.3 trillion yuan, according to the NDRC.

    Following its “employment first” policy, the central government plans to allocate 66.74 billion yuan in employment subsidies in 2025 to support local employment and startup assistance programs, said Fu Jinling, an official of the Ministry of Finance.

    China will consider establishing a child care subsidy system. It will guide eligible regions to include rural migrant workers, individuals engaged in flexible employment, and individuals engaged in new forms of employment who are covered by the basic medical insurance for employees, in the country’s childbirth insurance program, according to the plan.

    Regarding elderly care, the country will increase fiscal subsidies for basic old-age benefits and basic medical insurance for rural and non-working urban residents in 2025. Additionally, basic pension benefits for retirees will be raised appropriately.

    The country will work to implement its paid annual leave system, ensuring that workers’ rights to rest and vacation are legally protected. It will also prohibit the unlawful extension of working hours, according to the plan.

    MIL OSI China News

  • MIL-OSI China: BMW partners with Huawei to develop in-car digital ecosystem

    Source: China State Council Information Office

    German carmaker BMW on Monday said it will work with Chinese tech giant Huawei to develop an in-car digital ecosystem specifically tailored for the Chinese market.

    According to the German auto behemoth, this cooperation means a deep integration with Huawei’s HarmonyOS NEXT, the Chinese company’s self-developed operating system that was built independent of the Android architecture.

    Built upon the operating system, BMW’s digital key functionality is set to debut later this year, allowing users to unlock, lock and start their vehicles using Huawei smartphones. Additionally, the integration with a Huawei smart interconnection solution will debut in 2026 on BMW’s locally produced next-generation electric models, the “Neue Klasse.”

    “In China, nearly a quarter of our mobile application users rely on Huawei devices. By deeply integrating with the HarmonyOS ecosystem, BMW will enhance in-car applications and digital connectivity services for HarmonyOS users, elevating intelligent experiences in high-frequency use scenarios,” said Sean Green, president and CEO of BMW Group Region China.

    The German company has approximately 460 local supplier partners in China and is accelerating collaboration with Chinese technology partners, particularly in cutting-edge technologies such as large language models, generative artificial intelligence and intelligent voice interaction.

    With research and development (R&D) centers in Beijing, Shanghai, Shenyang and Nanjing, BMW has established its largest R&D network outside of Germany in China.

    “China has emerged as a global engine of innovation,” said the senior executive. “Through collaboration with leading local technology partners in joint R&D and co-creation, BMW is leveraging its system integration expertise to advance local partnerships.”

    Believing in the potential of the Chinese car market, the German company announced a reinvestment to upgrade and modernize its Shenyang production base in 2024, following two decades of rapid expansion in the northeastern Chinese city.

    Since 2010, BMW’s total investment in its Shenyang production base has reached 116 billion yuan (about 16.18 billion U.S. dollars), making the city home to BMW’s largest production facility worldwide.

    MIL OSI China News

  • MIL-OSI China: Railway offers discounts for senior riders

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

    China has introduced a new policy granting significant discounts on railway travel for senior passengers as part of efforts to tap into the market potential of its rapidly growing elderly population, China State Railway Group announced on Monday.

    On April 1, the railway operator will expand its loyalty program to offer increased reward points for passengers age 60 and older. While regular members earn points equal to five times the ticket price, senior members will now receive 15 times the fare amount in reward points. The accumulated points can be redeemed for train tickets, effectively providing substantial discounts.

    For example, a senior member of the program who spends 1,000 yuan ($138) on train tickets will receive 15,000 points, which can be redeemed for tickets worth 150 yuan. In comparison, regular members will receive 5,000 points, equivalent to 50 yuan for ticket redemption.

    The program is open to elderly passengers from the Chinese mainland, Hong Kong, Macao and Taiwan, as well as foreigners with permanent residency in China. The benefits do not extend to international or special tourist trains, but the policy is expected to encourage more elderly individuals to take domestic rail trips.

    The initiative is part of China’s broader strategy to expand its “silver economy”, recognizing the aging population as an economic opportunity rather than solely a social challenge. China had more than 310 million people age 60 and older at the end of last year, accounting for about 22 percent of the total population.

    Growing demand for senior-friendly tourism services prompted the government to introduce an action plan for “silver-haired train service” last month. The plan was jointly released by nine government departments, including the Ministry of Commerce and China State Railway Group.

    Features of new policy

    The initiative aims to stimulate the senior tourism market, boost the silver economy and improve the quality of life for elderly residents. The railway operator has developed a three-year plan to establish more than 100 premium railway tourism routes and 160 tailored trains for senior passengers by 2028. The plan also calls for operating more than 2,500 tourism train services annually by then.

    China’s railway sector is also making hardware improvements to accommodate elderly travelers. Tailored trains will feature larger seats, wheelchair-friendly layouts and additional safety features such as handrails and emergency call buttons.

    Onboard services will be enhanced with trained staff, medical support and tailored activities, including chess, reading and music events, to create a more engaging travel experience.

    On Saturday, a tourism train for seniors departed from Tianjin, picking up travelers from Beijing and Hebei province before heading south toward Jiangxi, Hunan and Guangdong provinces. A total of 452 passengers embarked on a 12-day cross-region journey, visiting several top-tier tourist sites along the route.

    “We offer healthy meals onboard, managing salt, sugar and oil intake. High-fiber and high-protein options ensure a balanced diet for passengers with conditions such as hypertension and diabetes,” said Zhao Huaying, a business manager at China Railway Travel Group’s tourism train division. “Dedicated medical support is also provided.”

    Onboard medical aid

    Each train is staffed with medical personnel capable of handling common health emergencies such as cardiac events or injuries. Medical kits and emergency call buttons are installed for added safety, train conductor Zhang Wenquan said.

    The initiative has received widespread praise from elderly travelers who appreciate the added convenience.

    “I have used the silver-haired train services three times now, and it makes traveling so much easier,” said a 63-year-old passenger surnamed He, who began her trip on Saturday from Beijing.

    “We get off the train for one or two nights during the trip and stay at local hotels. I only need to pack basic toiletries and a few clothes since I can leave my heavy luggage on the train. This saves us elderly travelers a lot of effort,” she said.

    “I don’t have to carry my heavy luggage everywhere, and I feel safe knowing medical staff are on board,” she added.

    MIL OSI China News

  • MIL-OSI New Zealand: Herpetologists hop to it

    Source: Auckland Council

    As World Frog Day leaps into our calendars (20 March), Auckland Council’s Environmental Services team is taking the opportunity to shine a spotlight on one of New Zealand’s most enigmatic and ancient amphibians – the Hochstetter’s frog.

    With a face only a herpetologist could love, this tiny, speckled creature may not have the fairy-tale charm of the Frog Prince, but its survival story is one of persistence against the odds.

    Auckland Council is embarking on a critical project aimed at safeguarding Hochstetter’s frog/pepeketua, an “At-Risk – Declining” species, in Tāmaki Makaurau. Ngāti Manuhiri kaitiaki will be actively involved in the project, as they accompany experienced contractors during their search for the frog.

    Frogs are often called ‘barometers of ecosystem health’ due to their sensitivity to environmental changes. As Auckland’s climate continues to shift and urban development expands, understanding how these frogs are faring could provide crucial insights into the broader health of our natural landscapes.

    Leading the charge is Senior Ecologist Alicia Wong, who hopes the research will provide valuable insights into the species and inform future conservation efforts.

    “The Hochstetter’s frog is a true survivor, capable of living over 30 years – longer than many of our household pets,” says Wong.

    “But while it has fared better than its close relatives, like Archey’s and Hamilton’s frogs, its numbers are still in decline. This survey will help us gain a deeper understanding of their population, distribution, and habitat quality, ensuring we have selected the best possible sites to prioritise for conservation programmes.”

    The first year of the survey was completed last summer and focused on identifying areas with the highest potential for suitable habitats, while the current year of the survey started this week and will involve a detailed survey of frog populations to inform conservation needs.

    Frogs have been around for an astonishing 360 million years, predating dinosaurs. However, despite their long evolutionary journey, amphibians are now among the most threatened creatures on the planet.

    Hochstetter’s frog (Leiopelma hochstetteri) is one of New Zealand’s most evolutionary distinct and globally endangered amphibians, with its lineage dating back over 70 million years. Found only in specific areas of the North Island, including the Auckland region, its conservation is particularly urgent.

    A staggering 41 per cent of amphibian species face extinction globally, outpacing the risk to mammals, reptiles, and birds. Habitat destruction, climate change, and disease are taking a heavy toll on frog populations worldwide.

    New Zealand is home to 14 native frog species, including Archey’s frog, Hamilton’s frog, Hochstetter’s frog and the enigmatic Aotea/Great barrier Island swimming frog.

    The Hochstetter’s is now considered to be 10 genetically distinct species that haven’t been formally described yet. Auckland has four of the species including the Hūnua Ranges population, Hochstetter’s frog “Great Barrier”, Hochstetter’s frog “Waitakere” and Hochstetter’s frog “Northland”, which includes the populations in Rodney. 

    However, don’t expect a chorus of croaks – our unique amphibians are earless and voiceless, preferring to keep things on the quieter side. While Archey’s and Hamilton frog are fully terrestrial, Hochstetter’s frog stands out as the only one that favours watery habitats, making its home in damp native forests, alongside streams, and beneath mossy rocks.

    To better understand the numbers and distribution of this primitive amphibian in the northern reaches of the Auckland region, Auckland Council’s Environmental Services team has begun a two-year survey across three different sites including Department of Conservation land and private properties.

    On Aotea/ Great Barrier Island Auckland council is working with herpetologists, The Windy Hill-Rosalie Bay Catchment Trust and Ngāti Rehua to monitor Hochstetter’s frog “Great Barrier”.

    Auckland Council’s Senior Regional Advisor Fauna Dr Sabine Melzer says this project has been running since 2012.

    “This long-term monitoring programme provides crucial insights into frog population trends on Aotea, guiding future conservation efforts,” Dr Melzer says.

    “Hochstetter’s frogs are nocturnal and inhabit cool, moist environments such as streams, waterfalls, and rocky crevices, relying on these habitats for survival.

    However, they face numerous threats, including habitat loss, predation by introduced species, and climate change,” explains Melzer

    This initiative reaffirms Auckland Council’s commitment to protecting the unique biodiversity of the Auckland region, helping to ensure Hochstetter’s frogs have the support they need to thrive. The project is a vital step in conserving New Zealand’s rare and precious wildlife, offering hope for the future of this ancient and remarkable frog.

    Auckland Council encourages residents to get involved in frog conservation by protecting local waterways, reducing the amount of sediment entering waterways, taking part in predator control and supporting habitat restoration projects.

    While we may not be able to turn a frog into a prince with a kiss, we can certainly do our part to ensure their survival for generations to come.

    As Kermit the Frog famously said, “It’s not easy being green.” But with a little effort, we can make it a whole lot easier for the Hochstetter’s frog to keep hopping along.

    MIL OSI New Zealand News

  • MIL-OSI: ACT Group Hires Former South Pole CEO John Davis as Managing Director for the Asia-Pacific Region

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — ACT Group welcomes seasoned sustainability professional John Davis as Managing Director for the Asia-Pacific (APAC) region to accelerate their growth and deliver measurable climate impact across this rapidly expanding market.

    With a career in sustainability solutions spanning 20 years, Davis recently led South Pole as their Interim CEO through a critical restructuring and funding round. Throughout his 10-year tenure there he held various leadership roles, including Global Commercial and Director for APAC, where he successfully expanded the company’s regional operations and drove strategic growth initiatives.

    “We are delighted to welcome John to ACT in this crucial role to accelerate the growth of our business in APAC,” said Colin Crooks, CEO of ACT. “His extensive experience, including leadership positions at South Pole, has equipped him with a profound understanding of the sustainability landscape. John has years of experience in carbon finance and emissions trading and is a superb leader. His vision aligns perfectly with ACT’s mission to provide innovative environmental solutions and empower our clients to achieve their sustainability goals efficiently and transparently.”

    Prior to South Pole, Davis held senior trading and origination roles at CF Partners and Spectron Group, executing high-value carbon and energy market transactions.

    Expressing his enthusiasm about joining ACT, Davis shared, “I am incredibly excited to be joining ACT, and moving with my family from Sydney to Singapore, a city we love. The Asia-Pacific region is central to global energy sector decarbonization and the world’s transition to Net Zero, and Singapore is a key player in this movement, continually pushing the boundaries of innovation. I am eager to collaborate with the exceptional team at ACT across the region to make a meaningful impact in the various jurisdictions that are striving to decarbonize their economies over the next five years and beyond.”

    Reflecting on his decision to leave South Pole, Davis said, “It was tough, but it was the natural end of an entrepreneurial cycle that I was incredibly proud to be part of. After some time out of the market to reflect, it was clear that the journey ACT is embarking on, in its next global growth chapter under Colin’s leadership, is an incredible opportunity.”

    Davis succeeds Federico Di Credico, who established ACT’s Singapore office in 2022 as Managing Director. Di Credico now serves as ACT’s Global Chief Sustainability and Innovation Officer.

    Davis’s hiring comes as ACT continues to enhance its ability to serve clients as the global one-stop-shop for decarbonization and environmental solutions. In 2024, ACT opened a seventh global office in Tokyo, joining locations in Amsterdam, New York, Paris, London, Shanghai, and Singapore, as it continues to enhance its capabilities through strategic acquisitions and bolster its position as a global leader in environmental solutions.

    For media inquiries, please contact: Jeroen Coenen | Head of Marketing | jcoenen@actcommodities.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/45e0a7c7-e044-404d-9c34-e2f9fdd9c83c

    The MIL Network

  • MIL-Evening Report: The Removalists remains a brutal commentary on Australian masculinity. This new production treats women with empathy

    Source: The Conversation (Au and NZ) – By Denise Varney, Professor of Theatre Studies, The University of Melbourne

    Pia Johnson/MTC

    The Removalists was first performed in 1971 at La Mama Theatre, Carlton, by the Australian Performing Group, an ensemble of young graduates, artists and friends.

    A beacon of the New Wave of Australian drama, David Williamson was part of a new generation of theatre artists who were interested in reflecting Australia back to its audiences. Now one of Australia’s most prolific playwrights, Williamson’s early plays are part of the repertoire of modern Australian classics.

    The Removalists was just his fourth play. A brutal commentary on Australian masculinity, it was a dark turn for the young artist.

    A crooked cop, an easily corruptible young constable, a boozy husband and father who beats his wife and demands his dinner, and a removalist who sees no evil, does no evil. A new production by the Melbourne Theatre Company, directed by Anne-Louise Sarks, celebrates the enduring appeal of the play.

    A suburban police station

    We begin in a police station. Young constable Neville Ross (William McKenna) is being inducted into the force by a bitter, manipulative, rule-bending sergeant, Dan Simmons (played with menace by the moustachioed Steve Mouzakis).

    When middle class sisters Kate (Jessica Clarke) and Fiona (Eloise Mignon) enter to report domestic violence, Simmonds asks invasive questions about Fiona’s relationship to her beer-swilling loudmouth husband Kenny (Michael Whalley).

    Fiona initially expressed uncertainty about making the complaint. Kate insisted on going to the police. The action that follows exposes the humiliation that accompanies reports of domestic violence.

    The production exposes the humiliation that accompanies reports of domestic violence.
    Pia Johnson/MTC

    In an excruciating moment, Kate stands by watching while Simmonds asks Fiona to show him the bruises on her back and upper thigh. Fiona is unsure as she turns her back to the auditorium, slowly pulls up her jumper and exposes the bruises on her bare back.

    Under Sarks’ direction, it is a moment filled with empathy.

    Enter the removalist

    The action shifts in act two to Fiona’s place. Expecting Kenny to be out drinking, Simmonds – who is expecting sexual favours from Kate – and Ross arrive to help Fiona move into her new flat. But Kenny is home, and sprays a string of obscenities at the policemen. Simmonds cuffs him – and lands a few quiet punches.

    The removalist (Martin Blum) interrupts the action, while turning a blind eye to the mayhem. The entrances and exits of the removalist and Ross and the moving of furniture, punctuate the drama with comic effect, injecting a light touch in the midst of the play’s violence.

    The removal of furniture injects a light touch in the midst of the play’s violence.
    Pia Johnson/MTC

    When the sisters and the removalist leave, the cops beat Kenny in an orgy of violence that is so relentless and brutal, it descends into farce.

    The bloody ending has something of the Grand Guignol to it – the 19th century theatre of revenge that descends into comic horror but also raises serious questions about violence in the contemporary real life world.

    Critiquing white Australia

    Clever balancing of humour and social commentary is the key to Williamson’s critique of the law in relation to violence against women.

    In an era of diverse casting, Sarks has cast The Removalists with an all white cast, laying the violence of the play at the feet of white Australian culture.

    Matilda Woodroofe’s costumes contribute to the play’s critique of Australian culture. Kenny wears a pair of footy shorts and a t-shirt, Blundstone boots and short black socks, evoking the unoffical uniform of the ocker male Australian.

    Onstage seating echos the intimate space of the original theatre, La Mama.
    Pia Johnson/MTC

    In a novel touch, Dale Ferguson’s set adds rows of onstage seating for those who would like a much closer view of the action. Not only do they get a stronger sense of the onstage actors’ energy and presence, they experience the play as the original audience did in the tiny La Mama theatre.

    Just as playwright Williamson targeted a conservative macho ocker culture in the early 1970s, this revival can be understood as its contemporary counterpart. Sarks highlights the particular kinds of violence that is systemic within Australian culture that continues today.

    Sarks accords the female characters more dignity and independence than earlier versions. They deliver the same lines, but with confidence that speaks of their self-assurance. Kate uses her gaze to put Simmonds, the disgusting older cop, in his place. After her humiliation at the police station, Fiona rejects Kenny’s appeals.

    Sarks accords the female characters dignity and independence.
    Pia Johnson/MTC

    These subtle and not so subtle changes in the delivery of the women’s lines show how directing an historical play can resist the ideologies that determined more passive roles for women in the past.

    The Removalists is at Melbourne Theatre Company until April 17.

    Denise Varney received funding from the Australian Research Council Discovery Project Scheme.

    ref. The Removalists remains a brutal commentary on Australian masculinity. This new production treats women with empathy – https://theconversation.com/the-removalists-remains-a-brutal-commentary-on-australian-masculinity-this-new-production-treats-women-with-empathy-252040

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: NZ has no dedicated database to track losses from weather disasters – without it, we’re planning in the dark

    Source: The Conversation (Au and NZ) – By Ilan Noy, Chair in the Economics of Disasters and Climate Change, Te Herenga Waka — Victoria University of Wellington

    STR/AFP via Getty Images

    Following the Trump administration’s abrupt cuts to USAID funding last month, the online international disaster database EM-DAT (normally funded by USAID) went dark for a week.

    EM-DAT collates data on the occurrence and impacts of thousands of mass disasters worldwide and records both human and economic losses in a publicly available dataset. It relies on various sources, including United Nations agencies and non-governmental organisations, but also news reports.

    The vulnerability of this database to the Trump administration’s cuts highlights the need for New Zealand to take charge of its own data on the damage caused by extreme events.

    Currently, New Zealand has no dedicated disaster loss database. This means we don’t know how much extreme weather events and other types of disasters are costing us.

    But as such events are becoming more frequent and more intense with worsening climate change, this lack of data is increasingly detrimental to our long-term prosperity.

    Two events in 2023 – Cyclone Gabrielle and the Auckland floods – illustrate this problem. They were by far the costliest weather disasters in New Zealand’s modern history and we know they were exceptionally damaging.

    But we don’t know the aggregate financial losses they caused, and the different sources shown in the table below provide conflicting numbers, none of them comprehensive.



    Without understanding the magnitude of the problem, our ability to prevent damage or recover from extreme weather is diminished. It is indeed difficult to manage what we don’t measure.

    In the face of these unknowns, most other countries, including Australia, are investing in the collection, collation and analysis of their own data to make informed decisions about disaster risk management. It is high time New Zealand did the same.

    The limits of New Zealand’s data on loss and damage

    Currently, data on extreme weather costs have come primarily from the Insurance Council of New Zealand (ICNZ) or from EM-DAT, whose data sometimes come from less reliable sources. New Zealand’s reliance on a private source and an international organisation leaves us with data that could charitably be described as fragmented, incomplete and unreliable.

    ICNZ figures showing insurance payouts for disasters are commonly used by the government and media as a proxy for total cost. But private insurance accounts for only a small share of the losses resulting from some extreme weather. Roads, bridges and many other parts of public infrastructure are not insured; many private assets are not insured either.

    Furthermore, wealthier communities tend to be better insured and hence receive higher payouts. The ICNZ data imply they experience more damages than poorer, less insured communities, even when that is not the case.

    As climate change brings more extreme weather, more homes will likely be under-insured.
    Phil Walter/Getty Images

    Globally, insurance tends to retreat when the risks become too high to be covered affordably. We expect that in the future a higher number of homes and businesses will be under-insured. Relying solely on data on insured damages will hence provide us with an increasingly partial picture of damages caused by extreme weather.

    The second main source of disaster loss data is EM-DAT. In principle, it aims to include all damage costs (not just insured ones), but the approach does not necessarily result in more accurate numbers.

    As the graph below shows, ICNZ can be counted on to provide reliable data for all large events, but there are frequent gaps in EM-DAT’s data for New Zealand. It is also clear that the difference between ICNZ private insurance payouts and total cost estimates from EM-DAT is too small to accurately reflect uninsured losses.



    In previous research (co-authored with Rebecca Newman) we identified other gaps in the EM-DAT international estimates of extreme-weather costs, most notably for wildfires, droughts and heatwaves.

    Damages from these events are largely uninsured and so are not included in the ICNZ data either. Yet their likelihood is increasing because of dramatic changes in our climate.

    We only have a partial picture, and a potentially very misleading one at that – both in terms of the size of the problem and how the problem is changing.
    Nevertheless, the data from the ICNZ and EM-DAT are still the best we have for understanding what is happening.

    When EM-DAT temporarily went offline last month following the termination of its funding from USAID, we received a crude reminder of how critical this resource is in the global context. How can we talk about disaster risk management and risk reduction when we have no idea what is going on?

    Effective policy relies on accurate data

    There are myriad ways in which a disaster-loss database for New Zealand could be used effectively by central and local government, insurance and banking companies, weather-exposed industries such as agriculture, community organisations and by individuals.

    Policies about flood protection, planned relocation (managed retreat), climate adaptation, insurance pricing, banking regulation, home loans and infrastructure maintenance should all be informed by knowledge of the risks from extreme-weather events and other hazards.

    A concrete example of how useful this data would be is for planned relocations. We need a clear perspective of the history of flood events in different communities and comprehensive assessments of past damages in order to quantify the future costs of relocations. Without these data, how can we decide which financial arrangements for relocation are fiscally sound?

    A comprehensive New Zealand disaster-loss database is possible. As a nation we have the datasets we need, but these are held within different government agencies and other organisations, with no centralised collection or reporting.

    Hidden there is everything we need to understand the current situation and plan better for the future. We just have to make the decision to invest in collecting and curating this data.

    Stats NZ would be the data’s logical host, given the agency’s extensive experience in collecting and posting data to help us organise our society. Cyclone Gabrielle and the Auckland floods should have convinced us we need this. Maybe EM-DAT going dark, and thus obscuring a worldwide risk, should convince us even more.


    I am grateful for the contribution of Jo-Anne Hazel (writing) and Tom Uher (data collection).


    Ilan Noy is a member of the scientific committee of EM-DAT (pro bono).

    ref. NZ has no dedicated database to track losses from weather disasters – without it, we’re planning in the dark – https://theconversation.com/nz-has-no-dedicated-database-to-track-losses-from-weather-disasters-without-it-were-planning-in-the-dark-251224

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Why do plastic containers always come out wet from the dishwasher? Science has the answer

    Source: The Conversation (Au and NZ) – By Kamil Zuber, Senior Industry Research Fellow, Future Industries Institute, University of South Australia

    ShowRecMedia/Shutterstock

    It’s annoying to open your dishwasher after the cycle is finished only to find half of the dishes still wet. Instead of being able to stack them away, you end up with a full drying rack.

    And you’ve probably noticed it’s always plastic items that end up the most wet. What’s going on?

    The answer is a bit convoluted and requires some materials and physics knowledge, but bear with me.

    Plastics have very different properties to ceramics and metals – the stuff your plates and cutlery are most likely made out of. Two key things play a role: one is how the materials store heat, and the other is what happens on their surfaces.

    How dishes store heat

    If you take your dishes out of the dishwasher promptly after the cycle ends, you’ve likely noticed that plates, glasses and ceramic mugs are still hot, while plastic containers don’t feel warm at all.

    This relates to their heat capacity, sometimes also referred to as the “thermal mass” of these materials. Ceramics, glass and metals can store more heat, and it takes longer for them to give it away to their surroundings than it does for plastics. In other words, ceramics and metals cool down more slowly.

    Since evaporating water takes energy and cools the surface – which is also how your body cools down on a hot day as you sweat – plastics cool down faster, leaving much of the water on the surface.

    Ceramic, metal and glass items retain heat better than plastics – so they dry faster.
    Velik/Shutterstock

    How water behaves on different surfaces

    The other part of the problem is in surface energy, which tells us how water wets different surfaces.

    You’ve probably seen water droplets bead up on things like high-end rain jackets or non-stick frying pans. These surfaces are called hydrophobic, meaning they “fear” water. This is also the case for most plastics, although not always to such a dramatic effect.

    On the other end of the spectrum, surfaces like many ceramics and metals are coated with water easily. That’s because they are more hydrophilic or “water-loving”.

    On a hydrophobic material such as a rain jacket, water will bead into droplets.
    Ondra Vacek/Shutterstock

    But there’s another factor here – and it has to do with dishwashers, in particular. Dishwasher detergent contains a mixture of chemicals, mainly surfactants – substances that lower the surface tension of water.

    Surface tension is the property of the material’s interface (for example, between solid and liquid, or liquid and gas) that tells us how much energy it takes to create a larger surface. By adding detergent to water, we reduce its surface tension. This makes it easier for the water to spread over surfaces it encounters (even over these hydrophobic plastics), in turn making it easier to wash your dishes.

    More importantly, the surfactants in detergent are molecules that have both hydrophobic and hydrophilic chemical groups. This makes them a kind of link between water and fats. Since oil and water don’t like to mix, a surfactant helps to “blend” the latter and have it float in water, helping remove any oily residues from your dishes.

    This happens in the main washing cycle. After rinsing, the chemicals get removed and your dishes are sprayed with clean water so you don’t have to taste the detergent in your tea.

    So, at the end, water beads up on your hydrophobic plastic dishes and spreads all over your more hydrophilic ceramic plates, cups and metal pots. A large bead of water evaporates more slowly than when the same amount of water is spread more thinly over your plates and pots.

    On top of that, ceramic dishes retain more heat, which makes them dry more quickly – the water that’s already spread more thinly just evaporates faster.

    Rinse aids can help water run off the surfaces of dishes more quickly.
    Potashev Aleksandr/Shutterstock

    Is there anything I can do to make plastics dry faster?

    You’ve probably heard about rinse aids that are added to the rinse cycle. Their key ingredients are different types of low-foaming surfactants and chemicals that make water softer. Some “all in one” dishwasher tablets may already contain a small amount of rinse aid and the makers provide instructions on how to use them in a safe and efficient way.

    Rinse aids also lower the surface tension of water, making it easier for water to wet and run off the surfaces, preventing it from beading up and reducing streaks.

    This also works on plastic dishes, leaving much less water behind. Some dishwasher manufacturers recommend using rinse aids because in addition to drying dishes faster, they can prevent corrosion of dishwasher parts from detergent residues.

    Is there anything else you can do to dry the dishes faster?

    There is one thing that is really simple: just crack the door open as soon as the cycle is finished and it’s safe to do so, so that water vapour can escape. If hot air and moisture instead remain trapped in the dishwasher, the water vapour will condense on all surfaces, like dew before dawn.

    At the end, you have a way to make most of your dishes drier after the cycle, although you may still end up with a first-world problem in the form of some wet plasticware. There will be less water on it if you use a rinse aid according to instructions, and open the dishwasher when safe, after the cycle is completed.

    Kamil Zuber does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Why do plastic containers always come out wet from the dishwasher? Science has the answer – https://theconversation.com/why-do-plastic-containers-always-come-out-wet-from-the-dishwasher-science-has-the-answer-250656

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Senator Murray, Rep. Randall, Sen. Riccelli, WA Health Care Providers Sound Alarm Over Looming Republican Cuts to Medicaid That Would Kick Washingtonians Off Their Health Care, Blow a Hole in State Budget

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    In Washington state, over 1.8 million people rely on Medicaid; Central and Eastern WA have the highest proportion of people on Medicaid

    ***PHOTOS, B-ROLL HERE***

    Olympia, WA — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and a senior member and former Chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, held a press conference at the Washington State Capitol in Olympia to sound the alarm on the massive, steep cuts to Medicaid that House and Senate Republicans in Washington, D.C. are right now working to pass via their budget reconciliation bill, which only requires a simple majority of votes to pass in each chamber. Joining Senator Murray for the press conference were U.S. Representative Emily Randall, (WA-06), Washington State Senator and Floor Leader Marcus Riccelli (District 3), Dr. Crystal Shen, a pediatrician who leads advocacy efforts for the Washington Chapter of the American Academy of Pediatricians, Justin Gill, a registered nurse and the President of the Washington State Nurses Association, and Julie Clark, a Medicaid recipient who spoke about how the services she receives through Medicaid allow her to live a full and independent life away from an institution.

    Nearly 80 million Americans rely on Medicaid and the Children’s Health Insurance Program for their health coverage and access to care, including over 1.8 million people in Washington state who are enrolled in Apple Health, Washington state’s Medicaid program. In Washington state, 38 percent of children, one in six adults, three in five nursing home residents, and three in eight people with disabilities are covered by Apple Health. House Republicans have proposed cuts of at least $880 billion to Medicaid and other health care programs, which would have devastating consequences for Washington state’s health care system and everyone who relies on it. In Fiscal Year 2023, Washington state received over $12.5 billion in federal Medicaid funding, accounting for 57 percent of all federal funding to the state—cuts to federal Medicaid funding would severely exacerbate Washington state’s budget deficit, since the state would have to make up for the shortfall to try and minimize the loss of crucial health care services.

    “Cuts to Medicaid at the scale Republicans are directing will mean hospitals and clinics—especially in our rural areas—will close their doors. Moms and babies will lose health coverage. Seniors will be cut from home care services and forced out of long-term care facilities. Wait times for care will skyrocket, labor and delivery services will close, and people who need lifesaving mental health care—or help recovering from addiction—will suffer… Nearly half of kids in America get their health care through Medicaid—that is the program Trump, and Elon, and Republicans are aiming their wrecking ball at,” Senator Murray said at the press conference today.

    “House Republicans directed the Energy and Commerce committee to find $880 billion dollars worth of Medicaid cuts—because they need the room in the budget to extend Trump’s tax cuts for the richest Americans,” Senator Murray continued. “If you don’t want to see people kicked off their health care, if you don’t want to see hospitals close their doors in your community, then this is the time to get loud, pick up the phone, and tell Republicans in Congress to stop listening to Donald Trump and Elon Musk who want tax breaks for their billionaire buddies, and start listening to your constituents who just want to stay on their health care.”

    Republicans have offered various proposals to drastically cut Medicaid, all of which would mean cutting services and kicking people off their health care coverage. For example, 782,000 Washingtonians, or 42 percent of adults on Medicaid in Washington state, would be at risk of losing coverage if Republicans institute so-called work requirements, which been proven not to increase employment—but rather strip health coverage from people with low incomes, most of whom are already working full or part-time, or not working due to circumstances like school or caregiving responsibilities. Reducing the federal match rate for states like Washington that expanded Medicaid under the Affordable Care Act, another idea that has been discussed, would force Washington state to spend $2,754,000,000 more to maintain its Medicaid expansion, and threaten coverage for 647,416 people in Washington. Removing or lowering the 50 percent floor on federal Medicaid match rates would shift costs to states dramatically, and would mean Washington state would have to pay an additional $1,197,000,000, or 18 percent every year.

    “I first became aware of the good that government can do for our families when Washington state led the country in expanding Medicaid in 1993, because of brave legislators who knew that it was the right decision. And it was a decision that changed my family’s trajectory—my sister… was born with complex disabilities and my dad’s civilian government employee insurance from the Puget Sound Naval Shipyard was good, but wouldn’t have covered everything that she needed to survive. And my story is just like so many stories across the district, across the state, and across the country,” said U.S. Representative Emily Randall (WA-06). “In our rural community on the Olympic Peninsula, we have hospitals in Forks, in Port Angeles, in Elma, that are already hanging by a thread, that are struggling to keep providers employed and keep their doors open, to continue providing lifesaving care to folks who have nowhere else to go. But if this administration and the Republicans in Congress are effective and successful in delivering $880 billion dollars of cuts to people’s health care, those hospitals will have to close their doors, leaving our community without health care.”

    “Drastically cutting Medicaid would eliminate a lifeline for thousands of people in Eastern and Central Washington,” said Washington state Senator Marcus Riccelli (D-Spokane). “It will mean a loss of comprehensive services to people, including access to primary care, behavioral health, and dental care. By delaying this care, we will see a flood of people end up in already burdened emergency rooms, particularly in rural areas where hospitals are already on the brink of cutting services or closing their doors. Simply put, cutting Medicaid will mean cutting lives short in Washington state.”

    “Medicaid cuts of this massive scale would be devastating for access to care and can lead to significant preventable health harm,” said Dr. Crystal Shen, a Seattle-area pediatrician with the Washington Chapter of the American Academy of Pediatricians. “Medicaid cuts would mean that clinics are at risk of significantly limiting Medicaid access in order to keep their lights on, or could even be at risk of closing. This would lead to families having to travel even farther and wait longer for access to care, or perhaps not being able to access care at all. This means kids would miss out on care that they need and show up in emergency rooms sicker… Pediatric specialist access could become even more limited geographically and even longer waits, when some already have wait times of a year or even longer. Some pediatric specialty departments have even closed due to losing staff due to Medicaid funding challenges… If massive cuts cause clinics or specialty departments to close, then all children in that area may be impacted, not just children on Medicaid. These are difficult to re-open once they are closed, and entire communities, especially rural communities, could lack access to essential medical care. I have seen firsthand the great lengths that parents will go to help their children access medical care, whether traveling for hours or waiting months.”

    “Medicaid is a lifeline for so many of my patients. It ensures expectant parents receive essential care, seniors access long-term support, and working families stay healthy while striving to make ends meet. Cutting Medicaid will further destabilize our healthcare system by forcing clinics and hospitals throughout our state to close, leaving patients with even fewer options,” said Justin Gill, DNP, APRN, RN, President of the Washington State Nurses Association. “These cuts will make our jobs as nurses even more difficult. We will struggle to coordinate care, secure medications, and order necessary tests and diagnostics for our patients. The burden of navigating an already complex system will only grow, further contributing to burnout and workforce shortages. There is a difference between those that make reckless policy decisions, like cutting Medicaid, and those of us that are in the trenches doing the work. When I see a patient, I am accountable for the care and direction I provide. I wonder if any lawmakers supporting these cuts will apply that same standard of accountability when they decide on how to vote.”

    “My care is very high. I have a feeding tube. I love it in my own home. I can do whatever I want to do. I can go anywhere I need or want, but require a caregiver for safety… Staff take care of my physical needs because I can’t take care of myself due to my disability. My staff supports me with medications and they help me to get to and from appointments. They support my social activities. I cannot go anywhere without my caregivers. I wish I could do all these things for myself, but I cannot. I like my freedom. Everyone deserves to have the quality of life to work and live in their own home in the community. Please do not make cuts to Medicaid. These cuts would be very harmful to myself and those like me. This would affect me and my living situation drastically because I would be forced to live in an institution,” said Julie Clark, a self-advocate who relies on services paid for by Medicaid to live a full and independent life.

    Nationwide, nearly half of children in America are enrolled in Medicaid and the Children’s Health Insurance Program (CHIP), and Medicaid pays for nearly half of births in the U.S. Medicaid also pays for services for 2 in 3 nursing home residents and pays for home-based services for close to 2 million seniors—allowing them to age safely at home—as well as close to 3 million people with disabilities and other health conditions. Cutting Medicaid will lead to accelerated hospital closures, particularly in rural areas. Medicaid also covers 1 in 4 people with a mental health or substance use disorder, and serves as the largest payer for mental health and substance use services for communities nationwide amid an ongoing overdose and opioid epidemic made worse by an influx of fentanyl. Recent polling from KFF Health found 82 percent of adults think Medicaid funding should either increase or stay the same and large majorities of people across parties, those who voted for Trump in 2024, and adults living in rural areas say the program is “very important” for their local community. Polling from Hart Research found that 71 percent of voters who backed Trump said cutting Medicaid would be unacceptable, and voters overall were even more opposed to it.

    A fact sheet outlining what Medicaid cuts would mean for Washington state is HERE.

    Senator Murray’s full remarks at the press conference, as delivered, are below:

    “We are here because, back in the Other Washington, Republicans are getting ready to launch an all-out assault on a program that tens of millions of Americans, including 1.8 million people in our state, rely on for health care—and that is Medicaid.

    “Last month, House Republicans passed a budget resolution with $880 billion—that’s a ‘b,’ billion—dollars in cuts, with Medicaid in the crosshairs—explicitly laying the groundwork for legislation later this year that will cut Americans off their health care, force our rural hospitals to close their doors, and blow a massive hole in states’ budgets…

    “Including here in Washington state, where we received over twelve-and-a-half billion dollars in Medicaid funding in Fiscal Year 2023 alone.

    “One in five people in Washington state rely on Medicaid for their health care coverage, including three in eight people with disabilities, three in five seniors, and nearly forty percent of children.

    “Make no mistake: Medicaid saves lives.

    “And do you know where it saves lives the most? In rural and red communities. Here in our state, Washington’s 4th and 5th Congressional Districts—the only two represented by Republicans—have the highest proportion of people who rely on Medicaid!

    “Those are the places that are going to really get hit hardest if Republicans succeed in their plan to dramatically slash Medicaid.

    “Cuts to Medicaid at the scale Republicans are directing will mean: hospitals and clinics—especially in our rural areas—will close their doors. Moms and babies will lose health coverage. Seniors will be cut from home care services and forced out of long-term care facilities. Wait times for care will skyrocket, labor and delivery services will close, and people who need lifesaving mental health care—or help recovering from addiction—will suffer.

    “And don’t forget—Medicaid is the largest source of coverage for mental health and substance use services for communities across the country.

    “Nearly half of kids in America get their health care through Medicaid—that is the program Trump, and Elon, and Republicans are aiming their wrecking ball at.

    “And when you consider how many people rely on it, it should come as no surprise that Medicaid is overwhelmingly popular!

    “In fact, 82 percent of Americans want to see Medicaid funding increase or stay the same. Large majorities of people across political parties say Medicaid is, ‘very important’ to their local community. 71 percent of people who voted for Trump said cutting Medicaid would be unacceptable.

    “Those numbers send a clear message—and a clear warning to Republicans in Congress if they decide to charge forward.

    “You might wonder, if Medicaid is so popular, and so essential, to people all over the country—why are Republicans so hell-bent on cutting it to the bone?

    “Well the answer is simple: to pass more tax cuts for billionaires.

    “House Republicans directed the Energy and Commerce committee to find $880 billion dollars worth of Medicaid cuts because they need the room in the budget to extend Trump’s tax cuts for the richest Americans. 

    “The bottom line is that for Republicans, if there’s a choice between helping working people and helping their billionaire buddies, they’re going to side with the billionaires.

    “That’s why we are here today to raise the alarm, to spell out what the cuts they’re proposing would actually mean for folks here in our state, and to encourage people to speak out.

    “Because if you don’t want to see people kicked off their health care, if you don’t want to see hospitals close their doors in your community, then this is the time to get loud, pick up the phone, and tell Republicans in Congress to stop listening to Donald Trump and Elon Musk who want tax breaks for their billionaire buddies, and start listening to your constituents who just want to stay on their health care.

    “We cannot let Republicans charge ahead on deep and painful cuts to Medicaid just to line the pockets of the richest people in the world.

    “Now, Republicans still have a ways to go before they can actually pass these cuts into law.

    “So now is the time, again, to keep doing everything we can to raise our voices and call on Republicans to think seriously about what these cuts would do to their communities, and to reverse course before it’s too late.

    “You can bet that back in the Other Washington, I will keep fighting every way I can to protect people’s health care, lift up the voices of families here in Washington state, and make sure, at the very least, our Republican colleagues, hear from their constituents that they are so determined to hurt.”

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Photos from Cassidy Meeting with President Trump

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) today released photos from his meeting last week with President Trump along with other members of the U.S. Senate Finance Committee. The group discussed the president’s reconciliation priorities.
    “Great in-person meeting at the White House last week with President Trump and Senate Republicans. We’re on the same team–let’s save the American Dream,” said Dr. Cassidy.
    Cassidy released a statement immediately following the meeting last Thursday. 
    Click here to download more photos from the meeting.

    MIL OSI USA News

  • MIL-OSI Australia: Workers compensation reform to address psychological safety

    Source: New South Wales Premiere

    Published: 18 March 2025

    Released by: Treasurer


    Treasurer Daniel Mookhey will today warn parliament that the State’s workers compensation system is unsustainable without reform to how it deals with workplace psychological injury.

    Mr Mookhey will set out plans to make greater use of workplace health and safety laws to prevent psychological injuries, instead of relying solely on the state’s workers compensation system as the main response. 

    In a Ministerial Statement, the Treasurer will also advise Parliament that:

    • If claims continue growing at recent rates, the State insurer icare expects an additional 80,000 people will make psychological injury claims over the next five years,
    • For every $1 needed to care for injured workers, the State’s main workers compensation scheme currently holds only 85 cents in assets, and
    • Without reform, premiums for businesses facing no claims against them are forecast to rise by 36 per cent over the three years to 2027-28.

    Mr Mookhey will outline a program of consultation with Business NSW and Unions NSW, as well as other interested parties, to create the reform. The model he will outline will see NSW:

    1. Give the NSW Industrial Relation Commission a bullying & harassment jurisdiction ahead of requiring those claims to be heard there first before a claim can be pursued for compensation. This will allow the Commission to address psychological hazards, fostering a culture of prevention.
    2. Define psychological injury, as well as ‘reasonable management action’, to provide workers and businesses with certainty – rather than let the definitions remain the subject of litigation.
    3. Align whole-person-impairment thresholds to standards established in South Australia and Queensland.
    4. Adopt some of the anti-fraud measures recently enacted by the Commonwealth to protect the National Disability Insurance Scheme.
    5. Respond further to the recommendations retired Supreme Court justice Robert McDougall made in his independent review of Safe Work NSW.

    The Treasurer has been working closely with Minister for Industrial Relations Sophie Cotsis and Minister for Emergency Services Jihad Dib on the reform.

    Treasurer Daniel Mookhey said:

    “Our workers compensation system was designed at a time when most people did physical labour – on farms and building sites, in mines or in factories.

    “A system that approaches all psychological workplace hazards the same way as physical dangers, needs to change.

    “Allowing the system to stay on autopilot will only trap more employees, employers, and the state of NSW to a fate we can avoid.

    “We must build a system that is fit for purpose – one that reflects modern workplaces and modern ways of working.”

    MIL OSI News

  • MIL-OSI Submissions: Appointments – GridBeyond Appoints Chris O’Brien as Managing Director of Australia

    Source: GridBeyond

    Sydney, Australia – 18 March 2025 – GridBeyond, a global leader in energy optimization and AI-driven solutions for demand response and energy storage, is pleased to announce the appointment of Chris O’Brien as the new Managing Director of Australia. Chris brings over 16 years of experience in the energy sector, having previously held leadership roles at Edge Zero as Executive General Manager and SunPower as Vice President of APAC & LATAM, where he played a key role in the establishment of SunPower’s business in Australia and Asia.

    As Managing Director of GridBeyond Australia, Chris will be responsible for overseeing the company’s operations, driving its expansion, and ensuring the successful delivery of its AI-powered energy solutions to Australian businesses. His leadership will focus on helping commercial, institutional, and industrial organisations maximise the value of their energy assets, reduce costs, and achieve their sustainability goals through advanced demand response and energy storage technologies.

    “I’m thrilled to join GridBeyond at this pivotal moment for the Australian energy market,” said Chris O’Brien. “GridBeyond’s technology is already making a significant impact in driving energy efficiency and grid stability, and I’m excited to help accelerate our growth in Australia. Our solutions not only help businesses optimise their energy usage but also enable them to actively contribute to a more sustainable and resilient energy system.”

    GridBeyond’s platform uses cutting-edge AI, machine learning, and data analytics to enable organizations to reduce energy costs, generate new revenue streams, and support grid reliability through demand response and flexible energy storage. Under Chris’s leadership, GridBeyond Australia will continue to support the country’s energy transition by empowering businesses to take a proactive role in managing their energy consumption while helping utilities improve grid stability.

     

    About GridBeyond

    GridBeyond’s vision is to deliver a global zero carbon future. By leveraging AI, we innovate and collaborate with our customers to create optimal value from energy generation, demand and storage to deliver a zero-carbon future. By bridging the gap between distributed energy resources and electricity markets, GridBeyond’s technology means every connected asset – whether utility-scale renewables generation, battery storage, or industrial load – can be utilized to help maximize opportunities and enhance the grid. By intelligently dispatching flexibility into the right market, at the right time, asset owners and energy consumers unlock new revenues and savings, resilience, and management of price volatility, while supporting the transition to a Net Zero future.

    For more information, visit www.gridbeyond.com

    MIL OSI – Submitted News

  • MIL-OSI New Zealand: NZ economy: Wheels turning – BusinessNZ

    Source: BusinessNZ

    The BusinessNZ Planning Forecast for the March quarter shows signs of economic improvement – even as New Zealand continues to face significant issues at home and abroad.
    BusinessNZ Director of Advocacy Catherine Beard says New Zealand is not immune to the economic uncertainty rising around the world.
    “As trade wars continue between the United States and other nations, the world remains in a state of economic flux. As a trading nation, New Zealand cannot expect to come out of these renegotiations unscathed.
    “On the bright side, inflationary pressures continue to fall, and recent cuts to the official cash rate have taken some financial pressure off homeowners refixing their mortgage. World commodity prices are solid which is welcome news for our meat and dairy exporters.”
    “For the first time in almost two years, the manufacturing sector saw growth in 2025 – this is welcome news and a positive sign of recovery.”
    The BusinessNZ Economic Conditions Index (ECI) is a measure of NZ’s major economic indicators. It sits at 17 for the March 2025 quarter, an improvement of 7 on the previous quarter, and an improvement of 14 on a year ago.
    An ECI reading above 0 indicates that economic conditions are generally improving overall; below 0 means economic conditions are generally declining.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News

  • MIL-OSI Submissions: Australia – Helping Australia’s small businesses unlock value and reduce costs with CommBank Yello for Business – CBA

    Source: Commonwealth Bank of Australia (CBA)

    CBA Business Bank’s customer recognition program is now available to more than 340,000 small business customers.

    More than 340,000 small businesses across Australia now have access to a broad range of exclusive benefits and discounts with the rollout of CommBank Yello for Business.

    “It takes grit, determination and hard work to run a small business, particularly as a sole trader, but with some goods and services costing 20 per cent more today than five years ago, business owners are having to work harder and get even savvier when it comes to managing costs,” said CBA’s Group Executive Business Banking Mike Vacy-Lyle. 

    “We know that our customers count on us to be there for them, which is why we’re expanding our CommBank Yello for Business program to help more than 340,000 eligible small business customers across Australia access discounts and special deals from our partners,” Mr Vacy-Lyle said.

    “Through our customer recognition program, business owners can access a variety of offers ranging from discounted internet plans to better deals on equipment hire. No matter their industry, there’s an opportunity for business owners to unlock savings,” Mr Vacy-Lyle said.

    The expansion of CommBank Yello for Business means all eligible sole proprietor and single director corporate customers can unlock business benefits from our partners1including:

    Discounted pricing on More Business nbn®, SIM-only Mobile and Business Phone Systems for 12 months when paying with your CommBank Debit or Credit card
    Various discounts on Nine Ad Manager orders (minimum spend applies)
    Exclusive pricing on all Samsung products via the Samsung portal for CommBank Yello for Business2
    20% off BioPak certified compostable food packaging (for new BioPak customers only)
    20% off equipment hire with Kennards Hire (applicable to general hire products only)
    3 months free for new Doshii customers, then 10% off thereafter
    Various discounts on products from Workwear brands Hard Yakka, NNT, and KingGee (minimum spend applies)

    These benefits are available to eligible small business customers who hold a business transaction account with CBA and who meet certain eligibility criteria. Eligible business customers can access one of two benefit sets, based on the customer’s transaction volumes and lending relationship, with eligibility typically assessed in the second week of each month, for the previous month(s).

    CommBank Yello for Business is an extension of CommBank Yello, delivering even greater value to our customers.

    Find our more information here: commbank.com.au/business/latest/commbank-yello-for-business

    About CommBank Yello

    CommBank Yello, launched in 2023, is the bank’s customer recognition program where eligible retail customers can access benefits like cashbacks, discounts and prize draws simply by being a customer.
    Customers can check their eligibility status in the CommBank Yello hub within the latest version of the CommBank app by simply tapping ‘CBA Yello’, then ‘View all’ in the CommBank app to see their personalised offers. https://www.commbank.com.au/commbank-yello.html
    CommBank Yello for Business, an extension of CommBank Yello, rewards business customers for banking with us.

    MIL OSI – Submitted News

  • MIL-OSI USA: Governor Kehoe Seeks Joint Damage Assessments in Preparation for Major Federal Disaster Declaration Request

    Source: US State of Missouri

    MARCH 17, 2025

     — Today, Governor Mike Kehoe announced the state has requested the Federal Emergency Management Agency (FEMA) participate in joint preliminary damage assessments (PDAs) for Individual Assistance in 23 counties following the severe storms and deadly tornadoes that devastated Missouri March 14-15. This request begins the process of obtaining federal disaster assistance.

    “As I observed during my visit to impacted areas this weekend, these storms and tornadoes caused widespread, devastating destruction and disrupted the lives of families and business across the Missouri,” said Governor Kehoe. “The State Emergency Management Agency (SEMA) has been working closely with local emergency management officials, and we are confident the damage meets the threshold for FEMA to participate in joint damage assessments.”

    Joint PDAs are being requested for the following counties: Bollinger, Butler, Camden, Carter, Franklin, Howell, Iron, Jefferson, Laclede, New Madrid, Oregon, Ozark, Pemiscot, Perry, Phelps, Pulaski, Reynolds, Ripley, St. Louis, Stoddard, Wayne, Webster, and Wright.

    Joint PDA teams are made up of representatives from FEMA, SEMA, the U.S. Small Business Administration and local emergency management officials. Beginning Thursday, March 20, six teams will survey and verify documented damage to determine if Individual Assistance can be requested through FEMA. Individual Assistance allows eligible residents to seek federal assistance for temporary housing, housing repairs, replacement of damaged belongings, vehicles, and other qualifying expenses.

    Initial damage assessments estimate approximately 368 houses were destroyed, 356 with major damageand 1,058 with minor damage. Damage assessments for roads, bridges and other public infrastructure are ongoing, likely resulting in a request for additional PDAs for Public Assistance later this week.

    The National Weather Service (NWS) continues to survey damage and debris patterns to determine the total number and strength of tornadoes. NWS has preliminarily confirmed the following 12 tornadoes as of March 16:

    EF1: Franklin County (Elmont to Union)

    EF1: Jefferson County (Klondike Rd)

    EF1: Webster County (near Seymour)

    EF1: Oregon County (near Rover)

    EF2: Franklin/St. Louis counties (Villa Ridge to Fox Creek)

    EF2: Jefferson County (Hillsboro to Arnold)

    EF2: St. Louis County (Bridgeton)

    EF2: Phelps County (Doolittle to Rolla)

    EF2: Dunklin/Pemiscot counties

    EF3: Iron County (Des Arc)

    EF3: Butler County (Poplar Bluff)

    EF3: Ozark County (Bakersfield)

    Outages continue to decrease as power is restored. As of 6:00 p.m., fewer than 13,000 customers remained without power – down from 47,000 at 2 p.m. Sunday. The State Emergency Operations Center remains activated to assist in the recovery process, assess ongoing needs and coordinate resources as requested by local partners and emergency management.

    Volunteer and faith-based organizations also continue to support response efforts and provide support services to those in need. The Red Cross of Missouri continues to provide meals and emergency supplies and operate shelters. Missouri Baptist Disaster Relief is assisting individuals and families with debris removal. Convoy of Hope is providing water and other emergency supplies, and the Salvation Army also continues to provide meals to those in impacted counties.

    Missourians with unmet needs are encouraged to contact United Way by dialing 2-1-1 or the American Red Cross at 1-800-733-2767. For additional resources and information about disaster recovery in Missouri, including general clean-up information, housing assistance, and mental health services, visit recovery.mo.gov.

    ###

    MIL OSI USA News

  • MIL-OSI New Zealand: Vulnerable Milford landfill to be cleaned up

    Source: Department of Conservation

    Date:  18 March 2025

    Upper Cleddau Flats landfill, known colloquially as ‘Little Tahiti,’ extends inland from the Tutoko and Cleddau Rivers.

    Department of Conservation Operations Manager, Te Anau, John Lucas, says the clean-up is a legacy from an infrastructure project which took place 70 years before DOC was created.

    Gravel was removed from Little Tahiti to construct Milford Road, and afterwards the site was used as a landfill, until the mid-1980s.

    “DOC, Environment Southland and Ministry for the Environment have been collaborating on this site since investigations uncovered contaminants like asbestos at levels posing a potential risk to human health and the environment,” says John.

    The 8200 m2 landfill also contains waste material and rubbish, along with heavy metals, building materials, hydrocarbons like petroleum, and general municipal waste.

    Located 100 m off the main SH94, Little Tahiti is closed to the public and is not a visitor destination. Material is buried and contact is limited to those assessing the site.

    John says high-priority remedial work is needed to address the contamination and erosion risk.

    “We are seeing more frequent high intensity rainfall events in Milford, like the 2020 floods, which did significant damage across DOC’s network of tracks in the region, including the Milford Track.”

    An earlier weather event in 2019 caused a landfill to breach in South Westland, spilling buried waste into the Fox River and sending it 21 kilometres downstream through Westland Tai Poutini National Park into the Tasman Sea – resulting in the need for a massive clean-up, dubbed Operation Tidy Fox.

    “What happened at Fox River highlights the pressing need to address Little Tahiti as soon as possible to avoid a similar environmental incident,” says John.

    Funding to clean up Little Tahiti is split, with DOC funding 50% while the rest was sourced from the Ministry for the Environment’s former Contaminated Sites Remediation Fund before it closed.

    The Little Tahiti Landfill has been awarded $2,024,700 for remediation works from the Ministry.

    MfE Waste Investments Manager Lara Cowan says the Ministry is pleased to be able to support the remediation of Little Tahiti and enable DOC to proactively address a site at risk of exposure in such a special place for New Zealanders. The Ministry continues to fund projects like Little Tahiti through the newly opened Contaminated Sites and Vulnerable Landfills Fund.

    The remedial work at Little Tahiti will likely affect State Highway 94 with some traffic delays, and increased truck movements on the road to Milford Sound while underway. It’s expected to take two and a half months.

    “Public safety is paramount while work is being carried out,” says John Lucas.

    “There will be notifications as early as possible on the visitor information networks for Milford Sound and SH94 Milford Road updates.”

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News

  • MIL-OSI USA: Senator Scott Highlights Historic Ten-Week Voting Streak in Senate

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    The Senate concludes a historic commencement of the 119th Congress following ten consecutive weeks of voting, representing the longest continuous stretch in more than 15 years.

    WASHINGTON — Today, U.S. Senator Tim Scott (R-S.C.) marked the completion of the Senate’s historic ten-week voting streak, the longest continuous stretch in over 15 years. The productive and intense work period has set a tone for the 119th Congress, with Senate Republicans working hard to advance President Trump’s agenda. Senator Scott reaffirmed his commitment to building on this progress and continuing to advocate for South Carolinians and the American people.

    “This work period has been dynamic, exciting, and extremely productive. I have loved seeing so many South Carolinians in DC over the last three months,” said Senator Scott. “Senate Republicans have taken monumental steps in getting President Trump the cabinet he deserves, passing critical legislation and rolling back burdensome regulations. While the work is far from over, I remain committed to building on these efforts and delivering results for folks back home and across the country! America will be the shining city on a hill once again!”

    Since January, Senator Scott has introduced 16 pieces of legislation and resolutions including his Alan T. Shao II Fentanyl Public Health Emergency and Overdose Prevention ActAntisemitism Awareness Act of 2025Protect Small Businesses from Excessive Paperwork Act of 2025, Securing our Border Act, Unlocking Domestic LNG Potential Act, and the Families’ Rights and Responsibilities Act

    On the Senate’s duty of advice and consent…

    President Trump has selected various nominees to serve in critical positions throughout this new administration. Senator Scott has met with and voted to confirm the following nominees, now Cabinet-level positions, Treasury, Health and Human Services, Defense, Homeland Security, Education, Labor, Housing and Urban Development, SBA Administrator, and the Directors of the FBI, USTR, National Intelligence, and National Institutes of Health. Each cabinet appointee is critical to delivering on the promise to secure our borders, unleash American energy, and promote economic freedom. Senate Republicans are working hard to swiftly confirm President Trump’s nominees and bring safety and prosperity back to the American people! 

    On creating greater access to educational opportunities…

    Senator Scott celebrated the impact education freedom has on the lives of so many students and families during National School Choice Week. He also highlighted a quality education is still out of reach to countless children who desperately need it during Secretary McMahon’s confirmation hearing.

    As co-chair of the Congressional School Choice Caucus and member of the Senate Health, Education, Labor and Pensions (HELP) Committee, Senator Scott led his colleagues in introducing a Senate resolution recognizing January 26 – February 1 as National School Choice Week. The Senator continues to champion parental rights so families can choose the education that best fits their child’s individual talents and needs.

    On disaster recovery and SBA reform efforts…

    After hearing from hundreds of South Carolina businesses in the wake of Hurricane Helene, Senator Scott introduced the SBA Disaster Transparency Act, which requires the Small Business Administration to make its monthly reporting requirements for the Disaster Loan Account available to the public. During the 10-week work period, the bill successfully moved out of the Senate Small Business and Entrepreneurship Committee, marking a significant step forward in providing essential resources to communities in need. By introducing this legislation, Senator Scott is committed to ensuring that those affected by natural disasters have the tools they need to rebuild their lives.  

    On unlocking economic freedom…

    Senator Scott has been actively laying the groundwork to advance pro-growth tax policies that strengthen the economy and protect hard working Americans. That includes preventing a $5 trillion tax hike on the middle-class by pushing to extend theTax Cuts and Jobs Act that would ensure small businesses and families aren’t burdened with higher taxes.

    As the Chairman of the Senate Committee on Banking, Housing, and Urban Affairs and as a senior member of the Senate Finance Committee, Senator Scott is focused on advancing solutions to support pro-growth policies and economic opportunity across the country – with the goal of unlocking up to $1 trillion in investments for underserved communities. Senator Scott’s effort is about building a future where every American has access to the tools and resources they need to succeed. To that end, Senator Scott joined Walter Davis, founding member of Peachtree Providence partners, for an important conversation as part of Senator Scott’s Opportunity Summit series. The Opportunity Summit is designed to establish an ecosystem that drives economic growth in underserved communities, building on the success of his Opportunity Zones from the 2017 Tax Cuts and Jobs Act. Senator Scott’s goal is to create lasting economic opportunities that will continue to empower communities for generations to come, ensuring that all Americans have the chance to thrive and achieve their fullest potential.

    On the Senate Banking Committee, Senator Scott is leading Senate Republican efforts to address the un-American practice of debanking, holding hearings, meeting with industry leaders, and introducing legislation. In his committee’s first legislative markup of the 119th Congress, Senator Scott successfully advanced his debanking legislation, as well as a bipartisan bill that establishes a clear regulatory framework for payment stablecoins. Senator Scott will continue using his position as Chairman to prioritize serious solutions to support hardworking Americans and rein in burdensome regulations.

    MIL OSI USA News

  • MIL-OSI New Zealand: Universities – International tax rules are losing their grip – academic – UoA

    Source: University of Auckland (UoA)

    As the Trump administration prioritises domestic interests over multilateral agreements, a University of Auckland legal scholar warns of a “quiet evolution” reshaping international tax law.

    Professor Craig Elliffe’s research on this shift is in the running for the 2025 Frans Vanistendael Award for International Tax Law, one of the field’s most prestigious honours. Published in the World Tax Journal, his paper, one of just six shortlisted for the €10,000 prize, explores how governments are strengthening domestic tax laws to combat tax avoidance, sometimes at the cost of weakening international agreements.

    Elliffe looks at the relationship between international tax law, mainly tax treaties, and domestic tax law, examining how they interact and influence each other.

    For decades, tax treaties have been the backbone of cross-border taxation, designed primarily to prevent double taxation – where the same income is taxed in two different countries. Over time, tax treaties have also been used to prevent tax avoidance and evasion, especially by multinational companies and wealthy individuals.

    We’re already seeing this kind of shift with the trade tariffs being imposed by the US; there’s this sort of breakdown of the existing cooperative global world trade and tax systems.

    Professor Craig ElliffeUniversity of Auckland

    Elliffe argues that domestic law has prevailed against the more specialised law of tax treaties and at an increasing rate. This evolution has occurred in situations where the special law of treaties is “watered down” by the principle that treaties shouldn’t be allowed to be abused, or in situations where they facilitate tax avoidance.

    “There’s been a clear trend towards preserving and increasing the authority of certain domestic tax laws,” says Elliffe.

    “There are many reasons for this reassertion of sovereign taxing rights, but they’re mainly justified under the banner of preventing tax avoidance. Such domestic laws, however, can conflict with the reduction or elimination of double taxation and undermine the rationale for tax treaties.”

    Over the past decade, Elliffe says the pace of this trend has increased, suggesting more of a revolution than an evolution: a clear move towards preserving the authority of certain domestic tax laws.

    “This means there’s less certainty in law, which is a shame. It means countries can’t rely on the treaties to the same extent they previously had.

    “We’re already seeing this kind of shift with the trade tariffs being imposed by the US; there’s this sort of breakdown of the existing cooperative global world trade and tax systems.”

    His paper raises questions about the future of international tax cooperation. If countries continue to prioritise domestic tax sovereignty over treaty commitments, he says the result may be a more fragmented and unpredictable tax landscape.

    MIL OSI New Zealand News

  • MIL-OSI USA: SBA Opens Disaster Loan Outreach Center in Pacific Palisades

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) has opened a third Disaster Loan Outreach Center (DLOC) in Los Angeles County to assist small businesses, private nonprofit (PNP) organizations, and residents affected by the wildfires and straight‑line winds occurring Jan. 7-31.

    The new center, located in Pacific Palisades, provides a one-stop resource where SBA customer service representatives are available to meet individually with business owners and residents to answer questions and assist with the disaster loan application process. No appointment is necessary, but walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

    The center’s hours of operation are as follows:

    LOS ANGELES COUNTY
    Disaster Loan Outreach Center
    Ronald Reagan Palisades Post 283
    15247 La Cruz Dr.
    Pacific Palisades, CA  90272

    Monday – Saturday, 8:30 a.m. – 5:00 p.m.

    Opened at 8:30 a.m., Monday, March 17

    “When disasters strike, SBA’s Disaster Loan Outreach Centers perform an important role by assisting small businesses and their communities,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the U.S. Small Business Administration. “At these centers, our SBA specialists help business owners and residents apply for disaster loans and learn about the full range of programs available to support their recovery.”

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    Applicants may be eligible for a loan increase of up to 20% of their physical damages, as verified by the SBA, for mitigation purposes. Eligible mitigation improvements include insulating pipes, walls and attics, weather stripping doors and windows, and installing storm windows to help protect property and occupants from future disasters.

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations impacted by financial losses directly related to these disasters. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.563% for homeowners and renters, with terms up to 30 years. Interest does not begin to accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.

    The SBA encourages applicants to submit their loan applications promptly. Applications will be prioritized in the order they are received, and the SBA remains committed to processing them as efficiently as possible.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is March 31. The deadline to return economic injury applications is Oct. 8.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI Australia: Monetary Policy: Forward Looking and Data Dependent in the Face of Uncertainty

    Source: Reserve Bank of Australia

    I would first like to pay respect to the traditional and original owners of this land, the Gadigal people of the Eora Nation, to pay respect to those who have passed before us and to acknowledge today’s custodians of this land. I also extend that respect to any First Nations people joining us here today.

    Introduction

    Three weeks ago, the Reserve Bank Board cut interest rates for the first time since 2020. Naturally there is a lot of interest in what lies behind the Board’s decision-making process. Today I want to shine a light on three key inputs to the process, how they interact with one another and how they fit together to support the Board in its decision making.

    The first is our view of how changes in the cash rate affect the economy. The impact of policy changes takes time to flow through the economy; looking at the response of banking credit flows to interest rate changes, which many here today know intimately, clearly highlights this. So policy decisions today shape inflation and employment outcomes in the future.

    This necessitates a forward-looking approach to meeting our mandate. Policy decisions require both a view of the outlook for the economy and an understanding of how policy is likely to affect that outlook. That helps the Board set the cash rate to give the best chance of achieving the RBA’s objectives over time.

    The second is how we form our view of the outlook – our baseline forecast – and how it responds to incoming data. When we talk about being ‘data dependent’, we are referring to the way we update our view of where the economy is and the outlook. The implication of continuously updating our view on the outlook means we also continuously update our policy advice to the Board; the future pathway for the cash rate is not predefined.

    Finally, I will say a bit about the Board’s approach to setting policy under uncertainty. In practice we are uncertain about both the outlook for the economy, and the effect of monetary policy, and this complicates policy decisions. Under uncertainty, policy depends on more than just the central forecast – judgements about the risks and uncertainties matter too. That’s why, as we have discussed on a number of occasions recently, it’s important to consider alternative possible pathways for the economy and how policy would have to respond.

    Monetary policy is forward looking …

    Central bankers and macroeconomists often say that monetary policy impacts the economy with a lag.

    So, if inflation moves away from our target, or employment falls below full employment, monetary policy cannot immediately offset those moves. Instead, central banks have to look ahead. Ideally we would know when and by how much the economy is going to move away from our targets in the future. Knowing this, we would calibrate policy today to prevent this from happening, and the economy would stay at full employment and inflation at target.

    In practice of course, this isn’t what happens. We can’t foresee shocks, and even in times of relative calm outcomes are rarely (if ever) exactly as we expect. The economy and our understanding of it is always evolving and our models, analysis and judgements aren’t perfect; we don’t have a crystal ball and even if we did it would be very cloudy.

    Despite this, given the lags in monetary policy transmission, we always have to forecast how we think the economy will evolve, and set policy now so that we expect to achieve our mandate once any policy change has had time to have its effect. In practice, as I will explain later, policy decisions also take account of uncertainties about the outlook. We put significant effort into identifying and understanding the risks around the baseline forecast, and the Board explicitly considers such risks in its decision-making.

    … because there are lags in transmission

    It is important, then, to understand how policy changes affect the economy. In a speech in 2023 my colleague Christopher Kent set out the RBA’s view of how monetary policy works, and how the sequence of increases in the cash rate up to that point had affected the Australian economy. I plan to use the same framework to explore the lags in transmission, so let me briefly summarise it here.

    Figure 1: How Changes in the Cash Rate Flow through the Economy

    When the cash rate changes, the first step in transmission is that other short and longer term market interest rates and other asset prices (including the exchange rate) adjust, more or less straightaway. Then these changes affect economic activity and ultimately inflation through a number of ‘channels’:

    • Cash flow: lower interest rates flow into households’ disposable income; borrowers pay less to service their debt, and savers earn less on their deposits.
    • Savings and investment: a decrease in saving and borrowing rates typically encourages people and businesses to borrow, invest and consume more, and save less.
    • Asset prices: A cut in interest rates typically encourages investment in assets, resulting in higher house, equity and other asset prices. Higher household wealth tends to increase household consumption.
    • Credit: Lower interest rates can increase the flow of loans to households and the availability of external funding to businesses.
    • Exchange rate: a decrease in interest rates can contribute to a depreciation of the exchange rate, making imports less competitive and exports more competitive, leading to stronger growth. Higher import prices also directly increase inflation.

    Macroeconomists often talk about expectations, and whether or not an interest rate change is partially or fully anticipated by financial markets, households and businesses is an important determinant of the size of each transmission channel. If the change is fully anticipated by financial markets then we may see little if any change in asset prices and the exchange rate, which limits the size of the exchange rate and asset price channels after the decision. Households and businesses may also start to adapt their spending and investment decisions ahead of a change in the cash rate, but they typically respond less than financial markets prior to the policy decision.

    Overall, then, the size and timing of the impact of policy changes through these channels varies.

    Take the cash flow channel as an example. Some variable loan and savings rates change quickly, as we saw following the Board’s latest decision. Households in aggregate have more interest-sensitive loans than deposits, so lower interest rates increase household disposable income. That prompts higher spending by borrowers, though households typically adjust their spending by less than the changes in their incomes in the short run. For those with fixed-rate mortgages, cash flows remain unchanged until loans roll over, though they might start adjusting their spending in anticipation (Graph 1).

    Or consider the exchange rate channel. All else equal, an interest rate cut in Australia lowers the relative rate of return on Australian assets compared with overseas. This typically leads to a depreciation of the dollar, making exports cheaper and imports more expensive. However, while the exchange rate adjusts immediately, the volume of traded goods responds more gradually. Domestic businesses will have existing contracts to purchase goods from overseas, while foreign buyers are similarly committed to purchasing Australian products at previously agreed prices. If there is a trade deficit this price effect may exacerbate it. But as these contracts come up for renewal, and as firms and consumers adjust their purchasing behaviour, there will be a gradual increase in the volume of exports and a decline in imports, leading to an increase in net trade over time.

    So far I’ve been discussing the direct channels through which cash rate changes impact the economy; these start working immediately, though they take time to fully play out. But there are also indirect spillovers, such as the impact of spending decisions by businesses, households, and importers on employment and income. For example, a business might hire new workers for an investment project that is made viable by a rate cut, boosting household income and spending. This ripple effect can amplify the direct impact of policy and may occur quickly or over time. Recent research suggests these indirect effects could be a major part of the transmission mechanism.

    While identifying these channels helps us think through how monetary policy operates, in practice they operate at the same time and there is no precise way to isolate or quantify the contribution of each one. Nevertheless, one simple way to build intuition about their relative roles is to look at how the components of GDP evolve after a change in monetary policy.

    To do this we can use a model of the economy – here I will use MARTIN, the RBA’s main macroeconomic model, to illustrate the transmission of a reduction in interest rates.

    There are a number of helpful insights from the decomposition shown in Graph 2:

    1. The immediate GDP response to lower interest rates is relatively limited – it takes time for everyone to adjust
    2. In MARTIN it takes 9–12 months for a loosening in monetary policy to have its peak effect on economic output.
    3. The effect from total investment is an important channel over the first year, with dwelling investment in particular responding relatively quickly compared with business investment, whose response builds fairly gradually. Intuitively this makes sense – businesses might immediately be encouraged to invest more by higher valuations and cheaper credit, but it takes time to get projects off the ground, and some businesses will wait to respond once they see an increase in the demand for their goods and services from consumers.
    4. Changes in imports and exports also play an important role in driving the initial response of GDP, at least according to this particular model. This highlights that the exchange rate channel is important and operates relatively quickly compared with other channels; if overseas holidays become expensive, households tend to quickly switch to vacationing at home and vice versa.
    5. The response of household consumption to lower interest rates is initially small but grows over time. This suggests the ‘cash flow channel’ – which should start working quickly – plays a minor role in the overall transmission mechanism, as the boost from lower debt payments is offset by reduced interest income on deposits. The slow response likely reflects the indirect effects of transmission channels and households’ tendency to smooth their spending changes.

    While it takes about nine months for the cash rate to have its biggest impact on GDP, the peak effect on inflation is estimated to take nearly twice as long (Graph 3). This could be because it takes time for an increase in demand to affect the hiring decisions of firms and the job search decisions of households, which then ultimately feed into price setting. Or it may simply reflect some ‘stickiness’ in prices.

    This tells us that – according to MARTIN at least – the decisions we make today will have their largest effect on economic output at the end of 2025, and on inflation in mid-2026.

    Monetary policy is always data dependent …

    So to set policy we need an estimate of how changes in the cash rate affect the economy and a view of the outlook for the economy – a forecast.

    As forecasters, we essentially try to do two things. First, we try to understand the state of the economy now. Second, we use models based on economic theory and capturing historical patterns in the data combined with our judgement, to extrapolate from the current state of the economy into the future.

    In both cases this comes down to our understanding of the data – both quantitative information such as official ABS data, surveys and financial market data, and qualitative information such as liaison. Extracting reliable signals from noisy data and forming a coherent economic picture is challenging. New or revised data can alter our view of the starting point or how the economy might evolve. As things constantly change, we continuously update our views with new information.

    In recent years many central banks have described their policy setting as ‘data dependent’. Rather than meaning that policy responds mechanically to particular pieces of data, we are data dependent in the sense that incoming data affects our view of where the economy is today and the outlook, and this in turn influences the path for policy. At times of heightened uncertainty about how the economy is responding to shocks – for example, during the pandemic and the immediate aftermath –central banks may put a higher weight on real time data relative to baseline forecasts and models. But these weights change over time, as conditions evolve and we learn more about how the economy is responding; policymakers must always take a forward-looking view on the outlook. So, how does this work in practice?

    … because data informs our view of the outlook

    To give a sense of how we draw this information together into a forecast, I am going to use the example of our household consumption forecasts.

    In our most recent Statement on Monetary Policy (SMP), one of our key judgments was that household consumption growth had started to recover in line with the pick-up in real household incomes. This judgement was informed by analysis of a range of timely indicators – such as the ABS Household Spending Indicator, and credit and debit card spending indices – which suggested that consumption growth had picked up in the December quarter.

    But was this just a temporary pick-up as financially squeezed households concentrated their spending around Black Friday and other sales? Digging further into the data suggested there was more to it than that (Graph 4). Not surprisingly, spending on the types of goods that tend to have significant sales, such as household goods and clothing, did grow strongly in the quarter. However, we had also seen a modest lift in household disposable income from the middle of 2024, and discretionary spending not impacted by sales (e.g. eating out) also showed signs of picking up, which suggested a genuine improvement in underlying momentum. Information from our liaison contacts also supported this assessment.

    Our read of the data is a crucial input to our forecasts. In fact, one way to think about the forecast is that it captures and projects forward what we think is signal from the latest data, while disregarding what we think is mostly noise.

    The outlook for consumption is only one part of the forecast, and we spend considerable time thinking about how different assumptions impact different sectors, and how these interactions might magnify or offset one another. But underneath it all, the links between data, forecast and policy sits at the heart of us saying that policy is ‘data-dependent’.

    Policy under uncertainty

    As I set out earlier, the link between our forecast and the Board’s policy decision is not mechanical. It is not as simple as constructing our central forecasts, then working out what the Board needs to do with the cash rate to meet its objectives.

    The main reason for this is that there are always risks and uncertainties around the central forecast; the baseline pathway is just one of a vast number of possible outcomes. Board decisions are always made in an uncertain environment, which means thinking about the distribution of risks around the central forecast. One of the things we are focused on right now is US policy settings, the impact of these on the global economy and how this flows through to activity and inflation here in Australia; we have been using scenarios, analysis and judgement to assess the policy implications.

    As the Governor and Deputy Governor have both indicated recently, the February decision reflected a judgement by the Board that it was the right time to take some restrictiveness away, but the Board were more cautious than the market about prospects for further easing.

    In all of this, the RBA uses a range of timely indicators to form its economic forecasts. These data help to distinguish between temporary fluctuations and more sustained trends, informing policy decisions. The RBA’s policy decisions are made in the context of various risks and uncertainties. The Board considers a wide range of possible outcomes and uses scenarios, analysis and judgment to assess the implications of different policy paths, ensuring a balanced and forward-looking approach. This is why being forward looking is not in tension with being data dependent.

    MIL OSI News

  • MIL-OSI New Zealand: Proceeds of crime to fund safety measures in central Auckland

    Source: New Zealand Government

    The Government will boost anti-crime measures across central Auckland with $1.3 million of funding as a result of the Proceeds of Crime Fund, Auckland Minister Simeon Brown and Associate Justice Minister Nicole McKee say.

    “In recent years there has been increased antisocial and criminal behaviour in our CBD. The Government is committed to cracking down on lawlessness and antisocial behaviours in central Auckland,” Mr Brown says.

    “This funding will support Business Improvement Districts (BIDs) to deliver initiatives which will help improve safety in the CBD and surrounding retail areas. Initiatives include improved lighting, more CCTV cameras, and an increase in the number of security patrols in the area to deter criminal and anti-social behaviour in our city. 

    “These latest anti-crime measures will complement the new Federal Street 24/7 police station set to open in the coming months, and the Government’s investment to ensure there are additional police officers in the Auckland CBD to improve safety. This is all part of our plan to restore law and order.”

    Associate Justice Minister Nicole McKee is pleased to support this initiative using the Proceeds of Crime Fund. It will be jointly managed by New Zealand Police and the Auckland Council.

    “Auckland’s central city is an economic engine for both the region and for New Zealand, contributing 8 per cent of our national GDP in 2023. It’s our gateway for international visitors and investors, as well as a cultural and entertainment centre for communities. Ensuring the safety of all people in our CBD is a top priority for me as Minister for Auckland,” Mr Brown says. 

    The Criminal Proceeds (Recovery) Act 2009 enables New Zealand Police to seize money and assets that have been obtained directly or indirectly from the proceeds of crime. Once all legal matters are addressed, the recovered money is placed in the Proceeds of Crime Fund. 

    “Converting the assets seized from criminals into funding for initiatives that address crime-related harm and support community wellbeing is a valuable extension of our justice system,” Ms McKee says.

    “This funding is another positive step forward for ensuring our central city is a safe, vibrant and enjoyable place for all to live, play and work.”

    MIL OSI New Zealand News

  • MIL-OSI USA: In Seattle, Cantwell Draws Contrast Between PNW’s Innovation Strategy and Trump’s Trade War

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    03.17.25
    In Seattle, Cantwell Draws Contrast Between PNW’s Innovation Strategy and Trump’s Trade War
    Cantwell joins Washington Council on International Trade for Q&A with former USTR head on how the current admin’s tariffs harm the Pacific Northwest In WA state, 2 out of every 5 jobs are tied to trade-related industries; Trump’s actions are “a threat to our ethos,” Cantwell says
    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, joined the Washington Council of International Trade (WCIT) for a Q&A session on the whiplash caused by the administration’s chaotic tariff policies – and how they particularly harm the Pacific Northwest, which is among the most trade-dependent regions in the country.
    The Q&A was moderated by WCIT President Lori Otto Punke and joined by former U.S. Trade Representative and current National Foreign Trade Council President Demetrios Marantis. Sen. Cantwell said that the current administration’s approach to trade – with a focus on punitive tariffs, even with America’s largest trading partners and closest allies, as opposed to innovation and alliance-building– is fundamentally at odds with how the Pacific Northwest has historically built its trade economy.
    “The consequences to us in the Pacific Northwest is really a threat to our ethos. We are one of the most trade-dependent states in the country, and we just see the world differently. We believe that innovation matters more than the tariffs in a fight [on] who’s going to win in aerospace or agriculture or software or any of these issues. It is like we are in this horse race, but the President wants to put 25 pounds on our horse and make it harder.
    “And what do we want to do in the Northwest? We like opening markets. We like building alliances. We like innovating our way to success.
    “So make no mistake about it — one of the states that could see the biggest economic impacts from this is ours. And we have to be very loud about how foregoing an alliance approach of building more opportunities is really what we should be doing, if we want to win in an economy that changes in the blink of an eye,” Sen. Cantwell said.
    WCIT is the Northwest’s premier organization advocating for trade and investment policies that increase the competitiveness of Northwest workers, farmers, and businesses. In addition to Sen. Cantwell, speakers at the Summit included U.S. Representatives Suzan DelBene (D,WA-01), Rick Larsen (D, WA-02), Dan Newhouse (R, WA-04), Kim Schrier (D, WA-08), Adam Smith (D, WA-09), and Emily Randall (D, WA-06).
    In Washington state, two out of every five jobs are tied to trade and trade-related industries. More information on how President Trump’s tariffs on goods from Mexico, Canada, and China will affect consumers and businesses in the State of Washington can be found HERE. Nationwide:
    A 25% tariff on Canada and Mexico would add an estimated $144 billion a year to the cost of manufacturing in the United States.
    Tariffs on Canada and Mexico could increase U.S. car prices by as much as $12,000.
    According to the Yale Budget Lab, Trump’s proposed tariffs would result in the highest U.S. effective tariff rate in more than 80 years, and depending on the level of retaliation by other trading partners, will result in increased costs of between $1,600 and $2,000 per household. According to their analysis, food, clothing, cars, and electronics will all see above-average price increases.
    Sen. Cantwell has remained a steadfast supporter of increased trade to grow the economy and keep prices in check in the State of Washington and nationwide. Sen. Cantwell was the leading voice in negotiations to end India’s 20% retaliatory tariff on American apples, which was imposed in response to tariffs on steel and aluminum and devastated Washington state’s apple exports. India had once been the second-largest export market for American apples, but after President Trump imposed tariffs on steel and aluminum in his first term, India imposed retaliatory tariffs in response and U.S. apple exports plummeted. The impact on Washington apple growers was severe: Apple exports from the state dropped from $120 million in 2017 to less than $1 million by 2023.  In September 2023, following several years of Sen. Cantwell’s advocacy, India ended its retaliatory tariffs on apples and pulse crops which was welcome news to the state’s more than 1,400 apple growers and the 68,000-plus workers they support.
    For the past six weeks, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions, which have whipsawed American businesses and consumers, as well as close neighbors and allies, include:
    On January 31 — citing punishment for failing to crack down on fentanyl trafficking — the Trump administration announced plans to impose a 25% tax on many goods imported into the U.S. from Canada and Mexico and a 10% tax on goods imported from China, then abruptly postponed those tariffs.
    Last month, he doubled down, announcing an additional 25% tax on all steel and aluminum imports.
    At 12:01 a.m. ET on March 4, President Trump’s long-promised 25% tariffs on goods from Mexico and Canada and 10% tariff increase on goods from China took effect, causing stock prices in the United States to plummet.
    Then, on March 5, he announced that automobiles from Canada and Mexico would be exempt from his tariffs for one month.
    The morning of March 6, he announced that he would suspend the tariffs for some products from Mexico. Then, later that same afternoon, he announced he was suspending most new tariffs on products from both Mexico and Canada until April 2.
    On March 11, Trump threatened to double tariffs on Canadian steel and aluminum – increasing them to 50% – before reversing himself later the same day.
    On March 13, he threatened 200% tariffs on alcoholic products from the European Union, including all wine and Champagne.
    Video of Sen. Cantwell’s Q&A today is HERE; audio is HERE; photos are HERE; and a transcript is HERE.

    MIL OSI USA News

  • MIL-OSI USA: Two Weeks Left to Apply for FEMA Individual Assistance and Small Business Administration Low Interest Loans

    Source: US Federal Emergency Management Agency

    Headline: Two Weeks Left to Apply for FEMA Individual Assistance and Small Business Administration Low Interest Loans

    Two Weeks Left to Apply for FEMA Individual Assistance and Small Business Administration Low Interest Loans

    LOS ANGELES – Homeowners, renters and businesses in Los Angeles County who experienced property damage or losses from the January wildfires have two weeks left to apply for federal disaster assistance

    Monday, March 31, is the last day to apply for both FEMA disaster assistance and a U

    S

    Small Business Administration (SBA) low-interest disaster loan

    This deadline will not impact applications that have already been started

    Apply for FEMA Individual Assistance: Online at DisasterAssistance

    gov

    On the FEMA App

    By calling the FEMA Helpline at 800-621-3362

    If you use a relay service, give FEMA your number for that service

    Assistance is available in multiple languages

    Lines are open Sunday–Saturday, from 4 a

    m

    – 10 p

    m

    Pacific Time

    At a Disaster Recovery Center (DRC)

    To locate a DRC near you, visit the DRC Locator

    For an American Sign Language video on how to apply, visit FEMA Accessible: Three Ways to Register for FEMA Disaster AssistanceApply for SBA Low-Interest Disaster Loans:Online at sba

    gov/disaster By calling SBA’s Customer Service Center hotline at 800-659-2955

     People who are deaf, hard of hearing or have a speech disability may dial 711 to access relay services

    By emailingDisasterCustomerService@sba

    govAt a Disaster Recovery Center or Business Recovery Center, where you can submit a completed application or SBA representatives can help you apply

    To find a BRC near you, go to Appointment

    sba

    gov

    Applications for disaster loans may be submitted online using the MySBA Loan Portal at https://lending

    sba

    gov or other locally announced locations

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

    California is committed to supporting residents impacted by the Los Angeles Hurricane-Force Firestorm as they navigate the recovery process

    Visit CA

    gov/LAFires for up-to-date information on disaster recovery programs, important deadlines, and how to apply for assistance

    alberto

    pillot
    Mon, 03/17/2025 – 21:14

    MIL OSI USA News

  • MIL-OSI USA: ICYMI: Governor Lombardo Applauds FHLBank San Francisco’s $10 Million Affordable Housing Investment in the Silver State

    Source: US State of Nevada

    Carson City, NV March 17, 2025

    In case you missed it, the Federal Home Loan Bank of San Francisco announced a new $10 million investment in affordable housing in Nevada today.

    “Attainable homeownership for all Nevadans is one of my highest priorities and we can’t do this alone,” said Governor Lombardo. “The partnership and commitment of FHLBank San Francisco through this investment will give stability to many of Nevada’s essential workers.”

    The full press release from the Federal Home Loan Bank of San Francisco is below:

    The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) is deepening its commitment to increasing access to affordable housing and homeownership by investing in Nevada Housing Division Mortgage Revenue Bonds. Nevada Governor Joe Lombardo celebrates FHLBank San Francisco’s investment in the state. 

    “Attainable homeownership for all Nevadans is one of my highest priorities and we can’t do this alone,” said Governor Lombardo. “The partnership and commitment of FHLBank San Francisco through this investment will give stability to many of Nevada’s essential workers.” 

    This $10 million investment strengthens FHLBank San Francisco’s efforts to support low- and moderate-income homebuyers in the state of Nevada, which include down payment assistance grant programs to support homebuyers. 

    “Our investment in Nevada Housing Division Mortgage Revenue Bonds allows us to reinforce our commitment to safe, affordable homes in Nevada while also delivering on our mission to provide reliable, low-cost liquidity and community investment resources to our member financial institutions,” said Joe Amato, interim president and CEO of FHLBank San Francisco. “By working together with the Nevada Housing Division, we can strengthen communities in Nevada, foster economic growth and create a more vibrant and resilient future for all.” 

    Supporting Home Affordability in Nevada 

    Nevada has a severe shortage of affordable homes. The demand for more housing supply in the state has made it more difficult for Nevada residents to keep up with the housing market – both in buying and renting. The Nevada Housing Division Mortgage Revenue Bonds are highly rated investment securities (AA+ rating from S&P) backed by single-family mortgage-backed securities (MBS) that facilitate homeownership by supporting loans designed specifically for Nevada households aspiring to own a home. 

    “The Federal Home Loan Bank of San Francisco is uniquely positioned to address affordability issues for homebuyers in Nevada,” said Stephen Aichroth, Administrator of the Nevada Housing Division. “We thank the Bank for their confidence in the Nevada Housing Division and their commitment to affordable homeownership for Nevadans.” 

    FHLBank San Francisco is dedicated to supporting housing initiatives throughout its three-state region of Arizona, California, and Nevada. Since the Affordable Housing Program (AHP) was created in 1990, FHLBank San Francisco has awarded over $1.38 billion in affordable housing and community program grants to support the construction, rehabilitation, or purchase of over 155,000 homes affordable to lower-income households, including $61.8 million AHP grants in 2024 alone. Together, the 11 regional FHLBanks that make up the Federal Home Loan Bank System are one of the largest privately capitalized sources of grant funding for affordable housing in the United States. 

    About the Nevada Housing Division  

    The Nevada Housing Division, a division of the Department of Business and Industry, was created by the Nevada Legislature in 1975, with a mission to provide affordable housing opportunities and improve the quality of life for Nevada residents. They connect Nevadans with homes by providing financing to developers to build affordable housing, innovative mortgage solutions and down payment assistance programs and making homes more energy efficient, thereby lowering utility expenses. To learn more, visit http://housing.nv.gov. 

    ### 

    MIL OSI USA News

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – NHHS, KVAC, AMPS, AVTE

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • NorthStar Healthcare Income, Inc. (OTC: NHHS), relating to the proposed merger with Welltower Inc. Under the terms of the agreement, NorthStar Healthcare’s stockholders will receive $3.03 per share in cash.

    Click here for more https://monteverdelaw.com/case/northstar-healthcare-income-inc-nhhs/. It is free and there is no cost or obligation to you.

    • Keen Vision Acquisition Corp. (NASDAQ: KVAC), relating to its proposed merger with Madera Inc. Under the terms of the agreement, Keen Vision common stock will be canceled and converted into the right to receive a number of Madera common stock.

    Click here for more information: https://monteverdelaw.com/case/keen-vision-acquisition-corp/.   It is free and there is no cost or obligation to you.

    • Altus Power, Inc. (NYSE: AMPS), relating to the proposed merger with TPG. Under the terms of the agreement, Altus Power will be acquired by TPG for $5.00 per share of its Class A common stock in an all-cash transaction.

    ACT NOW. The Shareholder Vote is scheduled for April 9, 2025.

    Click here for more https://monteverdelaw.com/case/altus-power-inc-amps/. It is free and there is no cost or obligation to you.

    • Aerovate Therapeutics, Inc. (NASDAQ: AVTE), relating to a proposed merger with Jade Biosciences. Under the terms of the agreement, pre-merger Aerovate stockholders are expected to own approximately 1.6% of the combined company, while pre-merger Jade stockholders are expected to own approximately 98.4% of the combined entity.

    ACT NOW. The Shareholder Vote is scheduled for April 16, 2025.

    Click here for more information https://monteverdelaw.com/case/aerovate-therapeutics-inc-avte/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: Quartzsea Acquisition Corporation Announces Pricing of $72,000,000 Upsized Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 17, 2025 (GLOBE NEWSWIRE) — Quartzsea Acquisition Corporation (NASDAQ: QSEA, the “Company”), a Cayman Islands exempted company, announced today that it priced its initial public offering of 7,200,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“NASDAQ”) and trade under the ticker symbol “QSEAU” beginning on March 18, 2025. Each unit consists of one of the Company’s ordinary shares and one right, with each whole right entitling the holder thereof to receive one-fifth (1/5) of one ordinary share upon the consummation of an initial business combination. No fractional rights will be issued upon separation of the units and only whole rights will trade.

    Once the securities comprising the units begin separate trading, the ordinary shares and rights are expected to be listed on NASDAQ under the symbols “QSEA” and “QSEAR”, respectively.

    SPAC Advisory Partners, a division of Kingswood Capital Partners, LLC is acting as sole book-running manager in the offering. The underwriters have been granted a 45-day option to purchase up to an additional 1,080,000 units offered by the Company to cover over-allotments, if any. The offering is expected to close on March 19, 2025, subject to customary closing conditions.

    A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 14, 2025. The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, by contacting Kingswood Capital Partners, LLC, 126 East 56th Street, Suite 22S, New York, NY 10022, or by calling 212-487-1080 or emailing Syndicate@kingswoodUS.com. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

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

    About Quartzsea Acquisition Corporation

    Quartzsea Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

    Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Contact

    Qi Gong
    Chief Executive Officer
    Email: qgong@quartzsea.com
    Tel: (212) 612-1400

    The MIL Network

  • MIL-Evening Report: New Zealand and Gaza: Confronting and not confronting the unspeakable

    ANALYSIS: By Robert Patman

    New Zealand’s National-led coalition government’s policy on Gaza seems caught between a desire for a two-state diplomatic solution to the Israeli-Palestinian conflict and closer alignment with the US, which supports a Netanyahu government strongly opposed to a Palestinian state

    In the last 17 months, Gaza has been the scene of what Thomas Merton once called the unspeakable — human wrongdoing on a scale and a depth that seems to go beyond the capacity of words to adequately describe.

    The latest Gaza conflict began with a horrific Hamas terrorist attack on Israel on 7 October 2023 that prompted a relentless Israel ground and air offensive in Gaza with full financial, logistical and diplomatic backing from the Biden administration.

    During this period, around 50,000 people – 48,903 Palestinians and 1706 Israelis – have been reported killed in the Gaza conflict, according to the official figures of the Gaza Health Ministry, as well as 166 journalists and media workers, 120 academics,and more than 224 humanitarian aid workers.

    Moreover, a fragile ceasefire between Israel and Hamas, signed in mid-January, seems to be hanging by a thread.

    Israel has resumed its blockade of humanitarian aid to Gaza and cut off electricity after Hamas rejected an Israeli proposal to extend phase 1 of the ceasefire deal (to release more Israeli hostages) without any commitment to implement phase 2 (that envisaged ending the conflict in Gaza and Israel withdrawing its troops from the territory).

    Hamas insists on negotiating phase 2 as signed by both parties in the January ceasefire agreement

    Over the weekend, Israel reportedly launched air-strikes in Gaza and the Trump administration unleashed a wave of attacks on Houthi rebel positions in Yemen after the Houthis warned Israel not to restart the war in Gaza.

    New Zealand and the Gaza conflict
    Although distant in geographic terms, the Gaza crisis represents a major moral and legal challenge to New Zealand’s self-image and its worldview based on the strengthening of an international rules-based order.

    New Zealand’s founding document, the 1840 Treaty of Waitangi, emphasised partnership and cooperation between indigenous Māori and European settlers in nation-building.

    While the aspirations of the Treaty have yet to be fully realised, the credibility of its vision of reconciliation at home depends on New Zealand’s willingness to uphold respect for human rights and the rule of law in the international arena, particularly in states like Israel where tensions persist between the settler population and Palestinians in occupied territories like the West Bank.

    New Zealand’s declaratory stance towards Gaza
    In 2023 and 2024, New Zealand consistently backed calls in the UN General Assembly for humanitarian truces or ceasefires in Gaza. It also joined Australia and Canada in February and July last year to demand an end to hostilities.

    The New Zealand Foreign Minister, Winston Peters, told the General Assembly in April 2024 that the Security Council had failed in its responsibility “to maintain international peace and security”.

    He was right. The Biden administration used its UN Security Council veto four times to perpetuate this brutal onslaught in Gaza for nearly 15 months.

    In addition, Peters has repeatedly said there can be no military resolution of a political problem in Gaza that can only be resolved through affirming the Palestinian right to self-determination within the framework of a two-state solution to the Israeli-Palestinian dispute.

    The limitations of New Zealand’s Gaza approach
    Despite considerable disagreement with Netanyahu’s policy of “mighty vengeance” in Gaza, the National-led coalition government had few qualms about sending a small Defence Force deployment to the Red Sea in January 2024 as part of a US-led coalition effort to counter Houthi rebel attacks on commercial shipping there.

    While such attacks are clearly illegal, they are basically part of the fallout from a prolonged international failure to stop the US-enabled carnage in Gaza.

    In particular, the NZDF’s Red Sea deployment did not sit comfortably with New Zealand’s acceptance in September 2024 of the ICJ’s ruling that Israel’s continued presence in the occupied Palestinian territory (East Jerusalem, the West Bank and Gaza) was “unlawful”.

    At the same time, the National-led coalition government’s silence on US President Donald Trump’s controversial proposal to “own” Gaza, displace two million Palestinian residents and make the territory the “Riviera” of the Middle East was deafening.

    Furthermore, while Wellington announced travel bans on violent Israeli settlers in the West Bank in February 2024, it has had little to say publicly about the Netanyahu government’s plans to annex the West Bank in 2025. Such a development would gravely undermine the two-state solution, violate international law, and further fuel regional tensions.

    New Zealand’s low-key policy
    On balance, the National-led coalition government’s policy towards Gaza appears to be ambivalent and lacking moral and legal clarity in a context in which war crimes have been regularly committed since October 7.

    Peters was absolutely correct to condemn the UNSC for failing to deliver the ceasefire that New Zealand and the overwhelming majority of states in the UN General Assembly had wanted from the first month of this crisis.

    But the New Zealand government has had no words of criticism for the US, which used its power of veto in the UNSC for more than a year to thwart the prospect of a ceasefire and provided blanket support for an Israeli military campaign that killed huge numbers of Palestinian civilians in Gaza.

    By cooperating with the Biden administration against Houthi rebels and adopting a quietly-quietly approach to Trump’s provocative comments on Gaza and his apparent willingness to do whatever it takes to help Israel “to get the job done’, New Zealand has revealed a selective approach to upholding international law and human rights in the desperate conditions facing Gaza

    Professor Robert G. Patman is an Inaugural Sesquicentennial Distinguished Chair and his research interests concern international relations, global security, US foreign policy, great powers, and the Horn of Africa. This article was first published by The Spinoff and is republished here with the author’s permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Workers comp reform to address psychological safety

    Source: New South Wales Ministerial News

    Published: 18 March 2025

    Released by: Treasurer


    Treasurer Daniel Mookhey will today warn parliament that the State’s workers compensation system is unsustainable without reform to how it deals with workplace psychological injury.

    Mr Mookhey will set out plans to make greater use of workplace health and safety laws to prevent psychological injuries, instead of relying solely on the state’s workers compensation system as the main response. 

    In a Ministerial Statement, the Treasurer will also advise Parliament that:

    • If claims continue growing at recent rates, the State insurer icare expects an additional 80,000 people will make psychological injury claims over the next five years,
    • For every $1 needed to care for injured workers, the State’s main workers compensation scheme currently holds only 85 cents in assets, and
    • Without reform, premiums for businesses facing no claims against them are forecast to rise by 36 per cent over the three years to 2027-28.

    Mr Mookhey will outline a program of consultation with Business NSW and Unions NSW, as well as other interested parties, to create the reform. The model he will outline will see NSW:

    1. Give the NSW Industrial Relation Commission a bullying & harassment jurisdiction ahead of requiring those claims to be heard there first before a claim can be pursued for compensation. This will allow the Commission to address psychological hazards, fostering a culture of prevention.
    2. Define psychological injury, as well as ‘reasonable management action’, to provide workers and businesses with certainty – rather than let the definitions remain the subject of litigation. 
    3. Align whole-person-impairment thresholds to standards established in South Australia and Queensland.
    4. Adopt some of the anti-fraud measures recently enacted by the Commonwealth to protect the National Disability Insurance Scheme.
    5. Respond further to the recommendations retired Supreme Court justice Robert McDougall made in his independent review of Safe Work NSW.

    The Treasurer has been working closely with Minister for Industrial Relations Sophie Cotsis and Minister for Emergency Services Jihad Dib on the reform.

    Treasurer Daniel Mookhey said:

    “Our workers compensation system was designed at a time when most people did physical labour – on farms and building sites, in mines or in factories.

    “A system that approaches all psychological workplace hazards the same way as physical dangers, needs to change.

    “Allowing the system to stay on autopilot will only trap more employees, employers, and the state of NSW to a fate we can avoid.

    “We must build a system that is fit for purpose – one that reflects modern workplaces and modern ways of working.”

    MIL OSI News

  • MIL-OSI New Zealand: RAISINA DIALOGUE 2025: KĀLACHAKRA – PEOPLE, PEACE AND PLANET

    Source: New Zealand Government

    Namaskar, Sat Sri Akal, kia ora and good afternoon everyone.
    What an honour it is to stand on this stage – to inaugurate this august Dialogue – with none other than the Honourable Narendra Modi.
    My good friend, thank you for so generously welcoming me to India and for our warm discussions this morning.
    I am a great admirer of your extraordinary achievements as Prime Minister.
    In the almost 11 years that you’ve occupied the Prime Minister’s office, you have weathered the COVID crisis and still managed to expand India’s economy by 50%.
    You have lifted 250 million of your countrymen out of poverty and eliminated extreme poverty.
    Today, India is at the leading edge of technology with massive innovative potential.
    You were the first country to land on the moon’s South Pole.  In the process drawing the world’s attention to India’s extraordinary technological prowess.
    And Prime Minister, during your tenure, the Men in Blue have been the most dominant side in cricket’s white ball competitions, most recently winning the Champions Trophy last week against my Men in Black and breaking many New Zealanders hearts – including mine – in the process!
    Congratulations!
    Among this catalogue of achievements is the reason we gather today: the Raisina Dialogue.  A forum that provides a moment every year for thought-leaders from across the world to focus their collective minds on the contemporary strategic challenges being navigated right here in the Indian Ocean.
    I applaud Dr Jaishankar and Samir Saran for the intellectual leadership they have shown driving this Dialogue over the past 10 years. 
    It has grown into a hugely influential forum.  Look no further than the luminaries you attract: 6 former Heads of Government and Ministers from over thirty countries.
    I hope my remarks today, add to the debate in some small way.
    Ladies and gentlemen, it’s more than 200 years since Indians and New Zealanders first began living side-by-side.
    At the beginning of the 19th century – well before we became a nation – Indian sailors jumped ship in New Zealand, with some meeting locals and marrying into our indigenous Māori tribes.  A few years later, Māori traders began travelling to Kolkata to sell tree trunks used in sailing ships.
    An exchange that echoes down the ages.
    Just as they were 200 years ago, Kiwi-Indians today are fully integrated into our multicultural society.  New Zealanders of Indian heritage comprise 11% of the people living in Auckland, our biggest city.
    I’ve brought with me to New Delhi a selection of Kiwi-Indian community leaders. Members of Parliament, captains of industry, professional cricketers and even an online influencer who has revolutionised investment for women the world over.  In short, a selection of Kiwi-Indians who get up every single morning to make New Zealand a better place to live.
    And our trade has diversified considerably from wood thanks to the increased sophistication of your economy.  India today is a critical source of pharmaceuticals and machinery for us. While we are a great tourism and education destination for you.
    India has become an ever more significant feature of our society.
    And yet, while there has been much that has developed and changed, there has been something missing at the core of our relationship.
    With a country as consequential as India, we need rich political interaction, engaged militaries, strong economic architecture, and connections that support a diaspora that bridges between our two great nations.
    Prime Minister Modi and I sat down today and charted out the future of our two countries’ relationship.
    A future that builds from where we have been.  One that is wholly more ambitious about what we will do together in the future. 

    We agreed to our Defence Forces building greater strategic trust with one another, while deploying together and training together more.
    We want our scientists collaborating on global challenges like climate change and on commercial opportunities like space.
    We are supporting our businesses to improve air links and build primary sector cooperation.
    We will facilitate students, young professionals and tourists to move between our countries.
    And we’ve instructed our trade negotiators to get on and negotiate a free trade agreement between our two great nations.

    A comprehensive agenda to underpin a comprehensive relationship. As we look to the future, the opportunity for both our governments is to sustain that momentum.
    Not only to follow through on the commitments we have made to one another. But to proactively build on that platform, by exploring new opportunities and creating new architecture.
    To ensure that we are creating strategic trust and commercial connection between two countries at the bookends of our wide Indo-Pacific region.
    Ladies and gentlemen, it is to the Indo-Pacific that I now turn.  There are many reasons to be excited about our region.  I want to single out the two biggest opportunities.
    First, India and New Zealand are fortunate enough to live in the world’s most economically dynamic region.
    The Indo-Pacific will represent two-thirds of global economic growth over the coming years.  By 2030, it will be home to two-thirds of the world’s middle-class consumers.
    And India itself lies at the heart of this exciting economic future.  It’s easy to focus on the troubles the world faces, but its worth reflecting for a moment on what economic development at this scale means at a human level.
    Here in India, you’ve gone from only the very few in rural areas having a water or power connection to almost everyone. It means people with better health and education outcomes.  And that creates hope and optimism about the future for individuals and their families.
    Replicated across literally hundreds of millions of people, that process of development generates dynamic economies.  Growth that offers massive opportunities for every country in the Indo-Pacific, and families and individuals within them.
    The second big opportunity is technological change.  We are on the cusp of a transformation of our economies and societies in a way that we can barely now imagine.
    I’m talking about artificial intelligence, which is within reach of achieving the cognitive powers of a human being.  But I’m also thinking of a range of other technologies – quantum, biotech, advanced manufacturing – that are going to have profound impacts on our economies.
    It has felt like this technological transformation has been long-heralded, but never quite arrived. Well, it seems to me that a series of innovations – the always online world, big data, powerful computing, machine learning – are cumulating in ways that are going to tip over into a dislocation that is new and altogether different. 
    The game is about to change.  We are on the cusp of an explosion in the application of AI, a technology that will have an impact across the whole economy, not just in one or two sectors. A technology that will transform the way we work, study and entertain ourselves.  A technology that will force governments to think in entirely different ways about how they deliver public services and secure their nations.
    Certainly, this presents risks that will need to be managed.  For example, militaries are already using AI, which means the international community is going to need to develop new norms about how this is done in a way that ensures compliance with the rules of war and ensures human responsibility in conflict.
    But my message is that, while we need manage change, we cannot allow ourselves to be paralysed by the risks.  For those who believe they can outcompete through this period of technological dislocation, the opportunities are there.  The citizens, the companies, and the countries that embrace the coming change will be the ones that reap the dividends. 
    Yet, there’s also no doubt that there are fundamental trend lines in the Indo-Pacific that present geo-strategic risks to growth and prosperity.
    These have long-term drivers that are not going away, and have been amplified by recent events.
    Past assumptions – that underpinned the previous generation’s geopolitical calculations – are being upended.
    A fortnight ago, the Singaporean Foreign Minister, Vivian Balakrishnan, put this change eloquently when he said: “the world is now shifting from unipolarity to multipolarity, from free trade to protectionism, from multilateralism to unilateralism, from globalisation to hyper-nationalism, from openness to xenophobia, from optimism to anxiety”.
    This is a global change, not isolated to one region. Certainly, though, we live today in an Indo-Pacific navigating contest and rivalry, with a period of strategic uncertainty.  I would highlight three big shifts that make for challenging times ahead.
    Fist, we are seeing rules giving way to power. 
    Previously, we could count on countries respecting the UN Charter, the Law of the Sea and world trade rules.  That sadly cannot be assumed in an age of sharper competition.
    Instead, we risk dangerous miscalculation at flashpoints. These range from the militarisation of disputed reefs to dangerous air movements.  From land border incursions to breakout nuclear capabilities.
    Of course, it is not just flashpoints, but a slow shift in Indo-Pacific realities that change calculations.  Recent demonstrations of naval force near New Zealand’s maritime surrounds, for example, sent a signal that alarmed many of my fellow citizens.
    Second, we are witnessing a shift from economics to security. 
    After the Cold War, the dominant paradigm in relations between Indo-Pacific countries was a sustained effort to raise material living standards by tending to our economies.
    Make no mistake, “bread and butter” issues still loom very large, and are a priority for governments all around the region.  Indeed, economic growth is my Government’s highest priority.
    But across the Indo-Pacific, we also see Governments dedicating increased attention and resource to military modernisation. Military build-ups reflect a need to prepare against uncertainty and insecurity.  Some military build-ups, however, are underway without the reassurance that transparency brings.
    National security demands are expanding.  Governments need to protect their people and assets against foreign interference, cyberattacks, and terrorism.
    In the last few months, a new threat has emerged, with damage to critical infrastructure, like sub-sea cables. You can’t have prosperity without security, not least when the tools of commerce themselves require protection.
    The third geo-economic shift is from efficiency to resilience. 
    Where previously, Indo-Pacific economies saw ever deeper interdependence as a dynamo for growth, that can no longer be assumed in an age of decoupling.
    Onshoring, protectionism and trade wars are displacing best price, open markets, and integrated supply chains.
    And so we find ourselves in a world that is growing more difficult and more complex, especially for smaller states.
    However, we must engage with the world as it is, not as we wish it to be. So, like most countries across the region, New Zealand’s strategic policy is being shaped by our assessment of these trends.
    We have agency to shape the Indo-Pacific that we want, but we must do so with energy and with urgency.
    Ladies and gentlemen, as New Zealand looks to protect and advance our interests in the Indo-Pacific, we can only do so alongside partners.  Partners like India that have a significant role to play in the Indo-Pacific.
    In an increasingly multipolar world, India’s size and geo-strategic heft gives you autonomy.  At the same time, your democratic partners in the Indo-Pacific offer you a force multiplier for our convergent interests. 
    For at a time when democracy is in decline with less than half the world’s adults electing their leaders, it is an inspiration that 650 million Indians turned out to vote last year in the largest election in history.
    Your national election is a triumph of logistics and a triumph of legitimacy.  An election that means your leaders serve their people, rather than your people serving their leaders.
    Now, I don’t advocate arbitrary divisions between democracies and autocracies. And just because we are democracies, we won’t always see eye-to-eye. 
    Nonetheless, there’s truth in the fact that our democratic governance means we share a belief in the freedom to choose, giving everyone a voice and respect for the rules.  Our interests increasingly converge around seeing these three ideas as an aligned set of organising principles for our Indo-Pacific region.
    First, we want to live in an Indo-Pacific where countries are free to choose their own path free from interference.
    A region where no one country comes to dominate.
    It is a sign of the times that I stand here defending respect for sovereignty. Yet, New Zealand’s approach is increasingly shaped around that objective.
    Just on Saturday, I joined a call led by Prime Minister Starmer focused on what more those contributing to Ukraine’s defence can do to support a just and lasting peace.  To help a country whose sovereignty and territorial integrity has been so flagrantly attacked.
    In my home region, our fellow Pacific neighbours are navigating geo-strategic dynamics that are their sharpest in nearly 80 years.
    In a deeply contested world, Pacific partners are being asked to make choices that may undermine their national sovereignty.  They risk falling into over-indebtedness, they must make choices about dual-use infrastructure, and they face pressure to enter new security arrangements.
    New Zealand invests in working alongside Pacific countries to boost their capacity to make independent choices free from interference. 
    Yet, size alone cannot inoculate a country from these dynamics.  Building strong and diversified relationships is the key to mitigating the risks of dependence on a few.
    That is why my Government is investing in our key relationships, from traditional partners to thickening and deepening our relationships across Southeast Asia, and in a serious way with India, too. 
    And we have a responsibility to invest in our own security as a downpayment on our future ability to choose our own path.  That is why New Zealand will be scaling up and doing more to support our own defence.
    We plan to better resource and equip our Defence Force to ensure we can continue to defend our interests.  Whether in our near region, in our alliance with Australia, or in support of collective security efforts with partners like India.
    Alongside this investment in capability, we are making tangible contributions across the Indo-Pacific.  When I was in Japan last year, I saw firsthand the work our aviators do to detect and deter North Korea’s sanctions-busting activities.
    The New Zealand Navy is leading Combined Task Force 150 responsible for multinational activities to protect trade routes and counter smuggling, piracy and terrorism in the Indian Ocean and Gulf of Aden. We are fortunate indeed that India has agreed to take up the Deputy Command.  Underlining these naval connections, one of our frigates, HMNZS Te Kaha, is in Mumbai later this week.
    As we seek an Indo-Pacific in which countries are free to choose their own path, I’m determined New Zealand plays its role.  Whether through our work with Pacific Islands partners, our relationships in the Indo-Pacific, or through our defence efforts.
    A second principle both India and New Zealand subscribe to is the criticality of Indo-Pacific regional institutions, even as these evolve.
    Regional architecture scaffolds our region’s security and its prosperity.
    ASEAN continues to promote regional peace and economic development. Through its convening power and its centrality, it also provides a place for the region’s players to come together to discuss strategic issues.
    ASEAN sits at the centre of the East Asia Summit, which for twenty years now has enabled political dialogue across the region, a forum that builds understanding, reduces the risk of miscalculation and contributes to strategic trust.
    Yet, the Indo-Pacific architecture is not static as it adapts to new realities.  Mini-lateral groupings are important new pieces of the puzzle.
    The Quad has emerged as an important vehicle promoting an open, stable and prosperous Indo-Pacific region.  India’s contribution to that evolution has of course been vital.  While New Zealand has no pretensions to Quad membership, we stand ready to work with you to advance Quad initiatives.
    We ourselves are strengthening our work with Japan and the Republic of Korea, as well as Australia.  Last year, I convened the Indo-Pacific Four to discuss Ukraine and North Korea. 
    And with serious headwinds buffeting the global trade system, New Zealand is seriously invested in Indo-Pacific trade and economic integration groupings.
    From CPTPP, the gold standard of FTAs internationally, to RCEP, perhaps the world’s most inclusive.
    And we welcome India’s engagement in the regional economic architecture, with our work together in the Indo-Pacific Economic Framework (IPEF), important in an era in which we seek to build one another’s resilience.
    The third Indo-Pacific principle we align around is a region in which respect for the rules is foundational.
    Globally, rules are being undermined: whether those around territorial integrity, freedom of navigation, or laws of war.  Yet, these are the very rules that preserve an Indo-Pacific order that is not “might is right” alone. 
    And, as I have said before, there is no prosperity without security. The rules that underpin our security also allow our businesses to operate with certainty. Those rules deliver daily in meaningful ways for our people.
    For example, one in four jobs in New Zealand rely on exports and our exporting businesses being able to depend on the predictability that those rules deliver. And in a miracle, that’s only possible thanks to globally-accepted aviation standards, 120,000 flights carry 12 million passengers and operate safely between their destinations every day.
    These rules shape the character of our region.  We remain committed to this rules-based system, even while acknowledging its shortcomings.  It is a truism that the world of 2025 is vastly different from 1945, and yet global institutions sadly have been slow to adapt.
    We are not talking about “starting over” by remaking the global order. Instead, I tend to agree with Dr Jaishankar when he says we want an order in which change is evolutionary – at a pace that is comfortable and steady.
    That’s why New Zealand supports reforming global governance frameworks to better reflect today’s realities.  Rather than casting them aside, they should give greater voice to the developing world and under-represented regions.
    Countries like India – that play such a central role in the global community – should have a seat at the table. We’ve therefore long supported India having a permanent seat on a reformed UN Security Council.
    Distinguished guests, ladies, and gentlemen.
    It has been a privilege to speak to you today, at this important forum for global dialogue.
    The geostrategic picture I’ve painted is stark.  Rules are giving way to power; economics to security; and efficiency to resilience.
    The tectonic shifts unfolding highlight that we – working alongside partners and friends – must navigate disruption, uncertainty, and sharpening pressure on our national interests.
    Yet, we will not be overwhelmed by complexity and challenge. We must go forward with confidence.
    We live at the heart of the world’s most exciting and dynamic region – the Indo-Pacific.
    We live in an era of technological transformation that offers outsized opportunities.
    We are countries with solid underlying democratic institutions, which will underpin our societies’ future success.
    India and New Zealand have extraordinarily talented people. 
    Both our countries have a clear plan that reflects and reinforces the connections between our security and prosperity. 
    We cannot afford to be thrown by the rapid pace of change – we must grapple with shifting realities and capitalise on these for all our peoples’ benefit.
    We will create and seize opportunities. Invest in our capabilities.
    This is our region. Its future will be shaped by the choices we make—together.
    Thank you, ngā mihi nui, and dhanyavaad .
     

    MIL OSI New Zealand News