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Category: Business

  • MIL-OSI: Subsidiaries of Aktsiaselts Infortar change business names

    Source: GlobeNewswire (MIL-OSI)

    According to the stock exchange announcement made on December 19, 2024, the changes in the National Court Register have now taken effect, whereby the Polish energy companies belonging to the Elenger Grupp have adopted the business name Elenger. EWE Polska Sp. z o.o. has been renamed Elenger Polska Sp. z o.o. The subsidiaries’ business names have been changed accordingly: EWE Energia Sp. z o.o. is Elenger Dystrybucja Sp. z o.o. and EWE Przesył Sp. z o.o. is Elenger Serwis Sp. z o.o.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    The MIL Network –

    March 3, 2025
  • MIL-OSI: ING acquires stake in Van Lanschot Kempen

    Source: GlobeNewswire (MIL-OSI)

    ING acquires stake in Van Lanschot Kempen

    ING announced today that it has reached an agreement with Reggeborgh Groep B.V. on the acquisition of a 17.6% stake in Van Lanschot Kempen N.V., a specialist wealth manager serving Private, Institutional and Investment banking clients, operating predominantly in the Netherlands and Belgium. Together with an existing 2.7% stake, ING will hold a 20.3% stake in Van Lanschot Kempen after completion of the transaction.

    “Van Lanschot Kempen is a respected, listed, well-capitalised, profitable wealth manager with a strong specialist position in amongst others the Netherlands and Belgium. Their history goes back almost three centuries. Acquiring this stake presents an attractive financial opportunity and with this transaction we are executing on our goal to enhance our position in private banking and wealth management,” said ING CEO Steven van Rijswijk. “We see this transaction as a long-term financial investment and we support Van Lanschot Kempen’s management, recognising the strong progress in the execution of their strategy.”

    Under the terms of the agreement, ING has directly acquired a stake of 7.2%, bringing its stake in Van Lanschot Kempen to 9.9%. The remainder of the transaction is subject to regulatory approval. The transaction is expected to have a minimal impact on ING’s CET1 ratio.

    Note for editors

    For more on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom. Photos of ING operations, buildings and its executives are available for download at Flickr.

    ING PROFILE

    ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

    ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

    ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING’s ESG rating by MSCI was reconfirmed by MSCI as ‘AA’ in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers including Euronext, STOXX, Morningstar and FTSE Russell.

    IMPORTANT LEGAL INFORMATION

    Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’).

    ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2023 ING Group consolidated annual accounts. The Financial statements for 2024 are in progress and may be subject to adjustments from subsequent events. All figures in this document are unaudited. Small differences are possible in the tables due to rounding.

    Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change and ESG-related matters, including data gathering and reporting (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on www.ING.com.

    This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information.

    Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security.

    This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control.

    Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason.

    This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction.

    Attachment

    • PDF version of press release

    The MIL Network –

    March 3, 2025
  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on March 03, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 25,000
    Total amount of bids received (in ₹ crore) 16,557
    Amount allotted (in ₹ crore) 16,557
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) N.A.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2287

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI Australia: Allens advises Zenith on $1.9 billion refinancing

    Source: Allens Insights

    Allens has advised Zenith Energy on its $1.9 billion refinancing and increase to its existing bank debt facilities, providing more than $1 billion in growth capital to support the development of new projects.

    The refinancing, backed by a syndicate of 14 Australian and international lenders, provides growth funding to support Zenith’s financial capacity as it expands its role in delivering renewable and hybrid power solutions. A portion of the transaction includes green loan facilities structured under Zenith’s Green Finance Framework, aligning with the Asia Pacific Loan Market Association’s Green Loan Principles.

    ‘We congratulate Zenith and the financiers on this significant transaction, which supports Zenith’s ability to capitalise on the opportunities of the energy transition. This refinancing highlights the strong market confidence in Zenith’s strategy and the role it plays in enabling decarbonisation in the resources sector. We are very pleased to continue our long standing relation with Zenith and to be able to support it into the future,’ said partner Rod Aldus.

    Allens legal team

    Banking & Finance

    Rod Aldus (Partner), Michael Ryan (Partner), Tania Joppich (Senior Associate), Bronte Barber (Lawyer)

    Contact for further information

    Senior Communications & Corporate Affairs Manager

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Australia: Lodging your NFP self-review return through a tax agent

    Source: Australian Department of Revenue

    Non-charitable not-for-profits (NFPs) with an active Australian business number (ABN) that self-assess as income tax exempt are due to lodge their 2023–24 self-review return by 31 March 2025.

    One of the ways to lodge an NFP self-review return is through your NFP’s registered tax agent.

    If you’re engaging a new tax agent or changing your tax agent to lodge your NFP self-review return, you must nominate them as your NFP’s tax agent.

    This is an added layer of protection to ensure you have control over who accesses your organisation’s information and performs tasks on your behalf. While this step must be completed by you, your tax agent can assist you through the process if you need help.

    How to nominate your agent

    Here is a breakdown of what is required to nominate your tax agent:

    1. Set up your digital ID, such as myID
    2. Link your digital ID to your NFPs ABN
    3. Log into Online services for businessExternal Link
    4. Nominate your authorised agent in Online services for business
    5. Let your agent know you have nominated them.

    Before you can complete steps 1 and 2, you must make sure you are the principal authorityExternal Link for your NFP. This is also known as the associate for your NFP.

    For more detail about these steps visit How to nominate your registered agent, which includes a downloadable PDF guide with screenshots. You can also see Agent nomination for more information.

    MIL OSI News –

    March 3, 2025
  • MIL-Evening Report: I’m a medical forensic examiner. Here’s what people can expect from a health response after a sexual assault

    Source: The Conversation (Au and NZ) – By Mary Louise Stewart, Senior Career Medical Officer, Northern Sydney Local Health District; PhD Candidate, University of Sydney

    fizkes/Shutterstock

    An estimated one in five women and one in 16 men in Australia have experienced sexual violence.

    After such a traumatic experience, it’s understandable many are unsure if they want to report it to the police. In fact, less than 10% of Australian women who experience sexual assault ever make a police report.

    In Australia there is no time limit on reporting sexual assault to police. However, there are tight time frames for collecting forensic evidence, which can sometimes be an important part of the police investigation, whether it’s commenced at the time or later.

    This means the decision of whether or not to undergo a medical forensic examination needs to be made quite quickly after an assault.

    I work as a medical forensic examiner. Here’s what you can expect if you present for a medical forensic examination after a sexual assault.

    A team of specialists

    There are about 100 sexual assault services throughout Australia providing 24-hour care. As with other areas of health care, there are extra challenges in regional and rural areas, where there are often further distances to travel and staff shortages.

    Sexual assault services in Australia are free regardless of Medicare status. To find your nearest service you can call 1800 RESPECT (1800 737 732) or Full Stop Australia (1800 385 578) who can also provide immediate telephone counselling support.

    It’s important to call the local sexual assault service before turning up. They can provide the victim-survivor with information and advice to prevent delays and make the process as helpful as possible.

    The consultation usually occurs in a hospital emergency department which has a designated forensic suite, or in a specialised forensic service.

    The victim-survivor is seen by a doctor or nurse trained in medical and forensic care. There’s a sexual assault counsellor, crisis worker or social worker present to support the patient and offer counselling advice. This is called an “integrated response” with medical and psychosocial staff working together.

    In most cases the victim-survivor can have their own support person present too.

    Depending on what the victim-survivor wants, the doctor or nurse will take a history of the assault to guide any medical care which may be needed (such as emergency contraception) and to guide the examination.

    Sexual assault services are always very aware of giving victim-survivors a choice about having a medical forensic examination. If a person presents to a sexual assault service, they can receive counselling and medical care without undergoing a forensic examination if they do not wish to.

    Sexual assault services are inclusive of all genders.

    Collecting forensic samples

    Samples collected during a medical forensic examination can sometimes identify the perpetrator’s DNA or intoxicating substances (alcohol or drugs that might be relevant to the investigation). The window of opportunity to collect these samples can be as short as 12 hours, or up to 5–7 days, depending on the nature of the sexual assault.

    In most of Australia, an adult who has experienced a recent sexual assault can be offered a medical forensic examination without making a report to police.

    Depending on the state or territory, the forensic samples can usually be stored for 3 to 12 months (up to 100 years in Tasmania). This allows the victim-survivor time to decide if they want to release them to police for processing.

    The doctor or nurse will collect the samples using a sexual assault investigation kit, or a “rape kit”.

    Collecting these samples might involve taking swabs to try to detect DNA from external and internal genital areas and anywhere there may have been DNA transfer. This can be from skin cells, where the perpetrator touched the victim-survivor, or from bodily fluids including semen or saliva.

    The doctor or nurse carrying out the examination do their best to minimise re-traumatisation, by providing the victim-survivor information, choices and control at every step of the process.

    The victim-survivor can usually have a support person with them.
    Monkey Business Images/Shutterstock

    How about STIs and pregnancy?

    During the consultation, the doctor or nurse will address any concerns about sexually transmitted infections (STIs) and pregnancy, if applicable.

    In most cases the risk of STIs is small. But follow-up testing at 1–2 weeks for infections such as chlamydia and gonorrhoea, and at 6–12 weeks for infections such as syphilis and HIV, is usually recommended.

    Emergency contraception (sometimes called the “morning after pill”) can be provided to prevent pregnancy. It can be taken up to five days after sexual assault (but the sooner the better) with follow-up pregnancy testing recommended at 2–3 weeks.

    Things have improved over time

    When I was a junior doctor in the late 90s, taking forensic swabs was usually the responsibility of the busy obstetrics and gynaecology trainee in the emergency department, who was often managing multiple patients and had little training in forensics. There was also usually no supportive counsellor.

    Anecdotally, both the doctor and the patient were traumatised by this experience. Research shows that when specialised, integrated services are not provided, victim-survivors’ feelings of powerlessness are magnified.

    But the way we carry out medical forensic examinations after sexual assault in Australia has improved over the years.

    With patient-centred practices, and designated forensic and counselling staff, the experience for the patient is thought to be empowering rather than re-traumatising.

    Our research

    In new research published in the Australian Journal of General Practice, my colleagues and I explored the experience of the medical forensic examination from the victim-survivor’s perspective.

    We surveyed 291 patients presenting to a sexual assault service in New South Wales (where I work) over four years.

    Some 75% of patients reported the examination was reassuring and another 20% reported it was OK. Only 2% reported that it was traumatising. The majority (98%) said they would recommend a friend present to a sexual assault service if they were in a similar situation.

    While patients spoke positively about the care they received, many commented that the sexual assault service was not visible enough. They didn’t know how to find it or even that it existed.

    We know many victim-survivors don’t present to a sexual assault service or undergo a medical forensic examination after a sexual assault. So we need to do more to increase the visibility of these services.

    The National Sexual Assault, Family and Domestic Violence Counselling Line – 1800 RESPECT (1800 737 732) – is available 24 hours a day, seven days a week for any Australian who has experienced, or is at risk of, family and domestic violence and/or sexual assault.

    Mary Louise Stewart receives funding from the Ramsay Research and Education Grant and from the University of Sydney via the Postgraduate Research Support Scheme. Mary Louise Stewart works as a medical forensic examiner where her research is being undertaken.

    – ref. I’m a medical forensic examiner. Here’s what people can expect from a health response after a sexual assault – https://theconversation.com/im-a-medical-forensic-examiner-heres-what-people-can-expect-from-a-health-response-after-a-sexual-assault-244404

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-Evening Report: The Lost Tiger: first animated film by an Indigenous woman explores heritage and identity through a thylacine

    Source: The Conversation (Au and NZ) – By Ari Chand, Lecturer in Illustration and Animation, University of South Australia

    Maslow Entertainment

    Director Chantelle Murray’s new family film The Lost Tiger is the first animated feature written and directed by an Indigenous woman.

    Continuing with a long history of Indigenous storytelling, Murray has embedded the film with themes of identity, heritage and adventure. In doing so, she tells a story that is utterly heartwarming and wholly unique to place.

    In Murray’s own words:

    I didn’t have anything like this growing up. I had the things that reinforced the horrible narratives of Indigenous people globally. So, to have something there for the next generation, representation means everything.

    The film is produced by Brisbane-based and woman-run Like a Photon Creative, the studio behind The Sloth Lane (2024) and Scarygirl (2023).

    A powerful message

    The Lost Tiger is classic orphan story founded on identity. The main character is a thylacine (Tasmanian tiger) named Teo (voiced by Thomas Weatherall), whose hero’s journey starts when he begins to grapple with his differences.

    Teo is found as a baby, alongside a mysterious crystal, by a couple from the gregarious wrestling kangaroo troupe Roomania. Young Teo struggles with his identity as he’s coming of age and wants to fit in.

    After visiting a museum, Teo meets platypus and aspiring guild adventurer named Plato (Rhys Darby). Once Plato identifies Teo as one of the world’s last thylacines, he tells him of a legendary lost “Tiger Island” said to be inhabited by thylacines – and the two begin a quest to find the island.

    The film critiques the “doctrine of discovery” through its antagonist, adventure guild explorer Quinella Quoll (Celeste Barber). The doctrine of discovery refers to a legal and ideological approach through which colonisers tried to justify the seizing of land, resources and objects by Indigenous peoples.

    Quoll – who is always looking to “discover” powerful new artifacts for her museum collection – embodies all the extractive qualities of historical European explorers and museum founders.

    This is an important message at a time when museums both nationally and internationally are reevaluating what they hold in their collections – and trying to address the historical injustices associated with colonial acquisitions.

    With a simple but well-executed plot, the film allows for some fun colloquialisms such as “2-up” (an old Aussie gambling game) and “stop, drop and roll”, along with a slate of side characters that highlight the value of simply doing what’s right.

    It taps into the universal truth that each person’s story is irrevocably connected to the stories of others, and that the effect of our choices go far beyond our own lives.

    Visually, The Lost Tiger has a distinct texture, underpinned by a vivid vision of the bush. Murray, who is from the Kimberley region, was highly intentional in her portrayal of Australia’s dynamic landscapes. As she explains:

    I grew up with red rocks, super white sand, and this aqua coloured ocean, and it looks just like a painting. And it wasn’t until I left Broome and came back, and went, ‘This country has such a juxtaposition’. One minute you can be in the desert, and then you walk into a rain forest with these waterfalls.

    The animation itself is created on “stepped keys”, a process in which only every second frame is animated. So instead of seeing 24 frames of motion per second, as you would in a traditional computer-animated film, you see 12 frames per second. This pose-to-pose movement gives the film a stop-motion feel.

    This unique approach is complemented by some whiz-bang moments sure to draw in younger viewers. The film’s wrestling scenes and action sequences, supported by animation director Tania Vincent, are choreographed with high levels of energy, leading to a climactic end.

    Between two worlds

    Animation has the unique ability to tell stories that are both inclusive and diverse – which acknowledge our differences, yet connect us through our shared loves and experiences.

    The Lost Tiger does this beautifully by focusing on messages of respect, unity, connection to place and the importance of conserving precious resources on First Nations lands. It also taps into the difficulties of belonging (and struggling to belong) across different cultural worlds.

    Murray’s film helps lead us towards an industry that embraces diverse voices, and which will be able to support the uniquely Australian voices of future generations.

    The creators of the film acknowledge the Turrbal and Yuggera Peoples as the Traditional Owners and Custodians of the lands in Queensland on which the film was made.

    The Lost Tiger is in cinemas now.

    Ari Chand 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. The Lost Tiger: first animated film by an Indigenous woman explores heritage and identity through a thylacine – https://theconversation.com/the-lost-tiger-first-animated-film-by-an-indigenous-woman-explores-heritage-and-identity-through-a-thylacine-251033

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-OSI New Zealand: Northland Regional Council media briefs 03/03/2025

    Source: Northland Regional Council

    NRC seeking feedback on Marsden Maritime Holdings, Northport proposal
    Northland Regional Council is seeking feedback on a proposal that would see the ownership structure of Marsden Maritime Holdings (MMH) and Northport simplified, to set the region’s port up for the future.
    Together with investment partners Port of Tauranga and Tupu Tonu (Ngāpuhi Investment Fund Ltd), the council is proposing to create a new joint-venture company combining MMH and Northport.
    Shareholding in the new company would be NRC (43%), Tupu Tonu (7%) and Port of Tauranga (50%), and would increase Northland’s stake in the port – a regionally-significant asset.
    CityLink bus services at Vine St
    A reminder to CityLink Whangārei bus passengers that the bus hub has moved from Rose Street to Vine Street.
    All CityLink buses now start and finish their journeys at Vine Street, while construction of the new Rose Street bus hub is ongoing.
    The bus office and toilets are available in the Vine Street car park. Staff are ready to help with all your BeeCard top-ups, purchases and queries. Look for the portacom with the posters! Vine Street car park remains open.
    The construction works for the new bus hub are estimated to take around seven months, so should complete in July 2025. We apologise for any inconvenience while the works are ongoing.

    MIL OSI New Zealand News –

    March 3, 2025
  • MIL-OSI Economics: Money Market Operations as on February 28, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,261.85 6.33 5.25-6.80
         I. Call Money 1,111.65 6.18 5.25-6.40
         II. Triparty Repo 3,591.00 6.34 5.85-6.80
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 1,559.20 6.41 6.40-6.45
    B. Term Segment      
         I. Notice Money** 17,236.23 6.38 5.15-6.65
         II. Term Money@@ 654.00 – 6.15-8.10
         III. Triparty Repo 3,64,113.35 6.28 6.10-6.80
         IV. Market Repo 1,50,239.19 6.30 6.00-7.31
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 28/02/2025 3 Mon, 03/03/2025 16,258.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 28/02/2025 1 Sat, 01/03/2025 8,103.00 6.50
      Fri, 28/02/2025 2 Sun, 02/03/2025 0.00 6.50
      Fri, 28/02/2025 3 Mon, 03/03/2025 840.00 6.50
    4. SDFΔ# Fri, 28/02/2025 1 Sat, 01/03/2025 88,267.00 6.00
      Fri, 28/02/2025 2 Sun, 02/03/2025 0.00 6.00
      Fri, 28/02/2025 3 Mon, 03/03/2025 8,971.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -72,037.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 21/02/2025 14 Fri, 07/03/2025 41,046.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,095.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,33,105.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,61,068.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 28, 2025 9,33,991.34  
         (ii) Average daily cash reserve requirement for the fortnight ending March 07, 2025 9,22,740.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 28, 2025 16,258.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 07, 2025 -1,973.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2013 dated January 27, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2286

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI Economics: Call for nominations for ASEAN Prize 2025 opens

    Source: ASEAN

    JAKARTA, 3 March 2025 – ASEAN officially announces the call for nominations for the ASEAN Prize 2025, today. Recognised as the region’s premier award, the ASEAN Prize honours outstanding individuals and organisations across ASEAN for their exemplary contributions and significant accomplishments, towards fostering the building of an inclusive and outward looking ASEAN Community.
     
     
    Currently in its eighth edition, the recipient of ASEAN Prize 2025 will be presented with a prestigious trophy at the 47th ASEAN Summit under Malaysia’s Chairmanship, along with a monetary award of US$20,000, in partnership with the Temasek Foundation of Singapore.
     
     
    Eligible ASEAN individuals and organisation are invited to file the application for the ASEAN Prize Submissions must be made through the National Focal Points of the respective ASEAN Member State from 3 March to 16 May 2025. Applicants are required to submit a completed ASEAN Prize 2025 nomination form, providing comprehensive details and highlighting the nominee’s future initiatives. 
     
    Applicants are encouraged to elaborate and detail their achievements that fall under the following actions:
     
    Outstanding collaboration between ASEAN Member States (AMSs);
    Outstanding collaboration between ASEAN and the world;
    Outstanding people-to-people engagement among AMSs;
    Outstanding economic integration and promotion of standards between AMSs;
    Other outstanding contributions to ASEAN Community Building;
    Applications must be accompanied by supporting documents that substantiate the nominee’s concrete contributions and achievements for the regional development. A character reference accompanying the supporting documents highlighting the nominee’s eligibility would be valuable addition. On the important note, the ASEAN Prize will not consider self-nominations and posthumous submissions.
    The Judging Committee Meeting for ASEAN Prize, chaired by Secretary-General of ASEAN Dr. Kao Kim Hourn, will convene round of intensive assessments to select this year’s recipient. The panel of judges for ASEAN Prize 2025 comprises of both former and current Secretaries-General of ASEAN.
    Since its inauguration in 2018, a total of four individuals and three organisations have been awarded with the ASEAN Prize. Last year, the ASEAN Youth Organization (AYO), a regional youth set-up based in Indonesia, was selected as the ASEAN Prize Recipient following their influential and impactful contributions to fostering cross-cultural collaborations and promoting ASEAN identity among the region’s youth. Their determination and efforts have significantly contributed to further regional community engagement, especially among ASEAN youths, and  strengthened the building of the ASEAN Community.
     
    Under Lao PDR Chairmanship, Prime Minister of the Lao PDR Sonexay Siphandone conferred the ASEAN Prize trophy to ASEAN Youth Organization during the opening ceremony of the 44th and 45th ASEAN Summit last October in Vientiane.
     
    The ASEAN Prize serves as a testament to the region’s resolute commitment to celebrate and honor the significant efforts of the individuals and organisations who have made steadfast contributions to the development of a resilient ASEAN Community, demonstrating concrete efforts in fostering regional integration, all the while forging an inclusive and stronger ASEAN identity.
    ###

     

    Details on the nomination and eligibility for ASEAN Prize 2025
    Nomination calls start on 3 March 2025
    The nominee must be an ASEAN citizen or an ASEAN-based organisation.
    The nominee shall submit valid/verifiable documents and highlight his/her achievement and influence on ASEAN since the launch of the ASEAN Community on 31 December 2015.
    The nominee should also share future initiatives detailing how the cited work will continue after winning the Prize.
    All nominations must be submitted to the ASEAN National Focal Point by 16 May 2025 at 5 PM, GMT+7 (Jakarta time).
    Please submit nominations to your respective National Focal Point listed below. The ASEAN Prize 2025 nomination form can be downloaded from https://asean.org/nomination-form/.
     
    ASEAN Member States
    National Focal Points for the ASEAN Prize
    Brunei Darussalam
    ASEAN-Brunei Darussalam National Secretariat Ministry of Foreign Affairs of Brunei Darussalam. Email : dept.ofasean@mfa.gov.bn
    Cambodia
    General Department of ASEAN Ministry of Foreign Affairs and International Cooperation Email: mfaic.asean@mfaic.gov.kh
    Indonesia
    Directorate of ASEAN Social and Cultural Cooperation Ministry of Foreign Affairs Email: dit.ksba@kemlu.go.id; direktoratkfa@gmail.com
    Lao PDR
    ASEAN Political-Security Community Division Lao National ASEAN Secretariat Email: aseanlaos@gmail.com
    Malaysia
    ASEAN-Malaysia National Secretariat Email: myasean@kln.gov.my
    Myanmar
    Socio-cultural Division, ASEAN-Myanmar National Secretariat, Ministry of Foreign Affairs Email: dgasean@gmail.com; amns.mofa@gmail.com
    Philippines
    ASEAN Socio-Cultural Community Division ASEAN-Philippines National Secretariat Tel.: 8344431, 8344470; Fax: 8321667 Email: asean@dfa.gov.ph
    Singapore
    ASEAN-Singapore National Secretariat Email: Mfa_asean_singapore@mfa.gov.sg
    Thailand
    Department of ASEAN Affairs, Ministry of Foreign Affairs ASEAN-Thailand National Secretariat Email: mfa1202@mfa.go.th
    Viet Nam
    ASEAN-Viet Nam National Secretariat Email: asean.mfa@mofa.gov.vn; asean.mfa.vn@gmail.com
     
    The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967 and constitutes ten Member States: Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam. On 31 December 2015, the ASEAN Community was formally established. The ASEAN Secretariat is based in Jakarta, Indonesia.
     
    Temasek Foundation supports a diverse range of programmes that uplift lives and communities in Singapore and beyond. Temasek Foundation’s programmes, made possible through philanthropic endowments gifted by Temasek, strive towards achieving positive outcomes for individuals and communities now, and for generations to come.
    Collectively, Temasek Foundation’s programmes strengthen social resilience, foster international exchange and regional capabilities, advance science,and protect the planet. For more information, visit www.temasekfoundation.org.sg.

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI: AGM Group Holdings Inc. Announces Pricing of $5.4 Million Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Beijing, March 02, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the pricing of its public offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined public offering price of $0.33. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the Reset Date (as described in the warrants), and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares.

    Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, are expected to be approximately $5.4 million. The offering is expected to close on or about March 4, 2025, subject to the satisfaction of customary closing conditions.

    Maxim Group LLC is acting as sole placement agent in connection with the offering.

    The securities above are being offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-282420) which was declared effective by the Securities and Exchange Commission (the “SEC”) on February 28, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

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

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

    March 3, 2025
  • MIL-OSI China: Little Blue Houses go long way to boosting circular economy

    Source: China State Council Information Office

    Numerous plastic waste classification and recycling stations, known as Little Blue Houses, dotting the 6,715-kilometer-long coastline of Zhejiang province in East China, are playing a pivotal role in the fight against marine plastic pollution.

    These houses are a core component of the Blue Circle project, China’s largest environmental initiative aimed at addressing the pressing issue of marine plastic waste. In 2023, Blue Circle was given the Champions of the Earth award by the United Nations Environment Programme — the UN’s highest environmental honor.

    After local volunteers sort through recyclable plastic debris at the Little Blue Houses, the materials are transported to Zhejiang Vision-Blue Technology Co, a high-tech company specializing in marine sustainable development. From there, the waste is sent to a recycling facility where it undergoes a series of processes, including crushing, cleaning, melting and granulation.

    The journey of each piece of plastic, from coast to factory, is meticulously tracked using internet of things devices and blockchain, ensuring the traceability and transparency of the origin of the plastic. Each batch of marine plastic waste is assigned a unique QR code containing details of the full recycling process from start to finish.

    According to UNEP estimates, over 9 million metric tons of plastics enter the oceans annually. Plastic waste ending up in the sea ranges from microplastics to large debris such as bottles and bags, which can take hundreds of years to degrade, threatening the marine ecosystem.

    While recycling offers a potential solution to reducing the demand for new plastic production, and thus helping curb emissions from plastic manufacturing, incineration and landfills, it faces challenges in terms of collection logistics and high recycling costs.

    “The average price of recycled marine plastic pellets is 1.3 times that of primary plastic pellets. The good quality of marine plastics, coupled with their environmental and social benefits, justifies their premium price,” said Chen Yahong, director of the marine business unit at Zhejiang VisionBlue Technology Co.

    “Many clients, including international brands, are willing to pay more for recycled marine plastics, as it aligns with their growing sustainability needs,” she said.

    Recycled plastics from the Blue Circle project, including PET(polyethylene terephthalate) plastics derived from ocean waste, significantly reduce carbon emissions. The emissions from recycled PET are about a quarter of those associated from virgin PET.

    According to Chen, the recycled plastics of the Blue Circle project have helped reduce 3,900 metric tons of carbon emissions.

    These recycled materials are repurposed into a variety of products, including clothing, electronics, phone cases, stationery, shopping bags and T-shirts.

    Zhu Liyang, president of the China Association of Circular Economy, said: “The Chinese government has placed a strong focus on tackling plastic pollution, implementing comprehensive governance across the entire waste management chain. By recycling discarded plastics and ensuring proper collection, these materials can be reintegrated into the supply chain.”

    The circular economy is an important path to achieving green transformation, Zhu emphasized. “In recent years, there has been a noticeable shift toward green living and consumption, creating vast opportunities for the development of China’s circular economy,” he said.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI China: Companies expand footprint overseas

    Source: China State Council Information Office

    Cargo ships carrying steel products are heading toward African ports from Zhangjiagang Port in East China’s Jiangsu province, and canned beans from Yancheng, Jiangsu, are reaching the dining tables of Middle Eastern families, as local Chinese enterprises continue to expand their businesses overseas, according to Nanjing Customs.

    Chinese companies nationwide, not just enterprises in Jiangsu, are revving up their efforts to expand their footprint overseas and strengthen international cooperation.

    In the two weeks following the Spring Festival holiday, the China Council for the Promotion of International Trade said it arranged for eight groups of Chinese entrepreneurs to travel abroad for economic and trade activities.

    Representatives from more than 200 companies visited Kazakhstan, Germany, South Africa, Egypt, Ethiopia, Qatar, Saudi Arabia and the United Arab Emirates, the Beijing-based council said on Friday.

    “During the visits, the willingness of foreign companies to cooperate with China exceeded our expectations, and 33 cooperation intent agreements were reached, covering sectors such as finance, energy, infrastructure, automobile manufacturing and the digital economy,” said Yang Fan, a spokeswoman for the CCPIT.

    “This has fully demonstrated the strong desire and broad prospects for pragmatic cooperation between Chinese and foreign business communities,” she said.

    The more difficult the times, the more determined the global business community is to work together and achieve win-win cooperation, Yang said, noting that this is the greatest certainty that balances many uncertain factors in global economic growth.

    Unilateralism and protectionism can’t interfere with the main theme of economic globalization, she added.

    In mid-February, a delegation of Chinese entrepreneurs visited Kazakhstan and achieved better-than-expected results. During the two-day visit, representatives of enterprises from China and Kazakhstan signed eight cooperation agreements, including an energy strategic cooperation agreement and an agricultural products import and export agreement.

    The visit was aimed at deepening trade, investment and industrial and supply chain cooperation between China and Kazakhstan and further consolidating the permanent comprehensive strategic partnership between the two countries, the CCPIT said.

    Chinese entrepreneurs were also warmly welcomed in other countries, and Chinese and foreign business communities engaged in enthusiastic talks.

    In South Africa, the country’s Deputy President Paul Mashatile met with a Chinese business delegation in person, while in Germany, the management teams of major multinational corporations, such as Mercedes-Benz, BMW and Bosch, held in-depth talks with Chinese entrepreneurs, Yang said.

    In the UAE, officials from government departments and major business associations actively engaged in dialogues with Chinese entrepreneurs, she added.

    In the past few years, Chinese enterprises have shown strong willingness to promote industrial and supply chain cooperation with their foreign counterparts.

    Last year, the CCPIT organized a total of 2,249 business groups to visit 102 countries and regions, which means on average six Chinese delegations went abroad for business talks each day.

    Jiangsu Kanghui New Material Technology Co, an affiliate of Hengli Group, which focuses on the full production chain in oil refining, petrochemicals, polyester new materials and textiles, is a leading company in producing wide polyester films. A variety of polyester film products have rolled off its production line for exports.

    In particular, the company has been actively expanding its business in emerging markets such as the Association of Southeast Asian Nations, according to Nanjing Customs.

    “Last year, our products exported to ASEAN countries enjoyed preferential tariffs and received an exemption of 8.47 million yuan ($1.16 million), thanks to the China-ASEAN free trade agreement,” said Zhang Liping, director of imports and exports at Jiangsu Kanghui New Material Technology.

    “With preferential tariffs, our products have become more competitive in overseas markets. In 2024, the company’s export value in the ASEAN market reached $24 million,” Zhang added.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI USA: Amendment to Duties to Address the Flow of Illicit Drugs across our Northern Border

    US Senate News:

    Source: The White House
    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:
    Section 1.  Amendment.  Executive Order 14193 of February 1, 2025 (Imposing Duties to Address the Flow of Illicit Drugs Across Our Northern Border), as amended by Executive Order 14197 of February 3, 2025 (Progress on the Situation at Our Northern Border), is further amended by revising section 2(h) to read as follows:
    “(h)  Duty-free de minimis treatment under 19 U.S.C. 1321 is available for otherwise eligible covered articles described in subsection (a) and subsection
    (b) of this section.  Such duty free de minimis treatment shall cease to be available for such otherwise eligible covered articles upon notification by the Secretary of Commerce to the President that adequate systems are in place to fully and expeditiously process and collect tariff revenue applicable pursuant to subsection (a) and subsection (b) of this section for covered articles otherwise eligible for de minimis treatment.”
    Sec. 2.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department, agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
    THE WHITE HOUSE,    March 2, 2025.

    MIL OSI USA News –

    March 3, 2025
  • MIL-OSI USA: Amendment to Duties to Address the Situation at our Southern Border

    US Senate News:

    Source: The White House
    class=”has-text-align-left”>By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.), the National Emergencies Act (50 U.S.C. 1601 et seq.), section 604 of the Trade Act of 1974, as amended (19 U.S.C. 2483), and section 301 of title 3, United States Code, I hereby determine and order:
    Section 1.  Amendment.  Executive Order 14194 of February 1, 2025 (Imposing Duties to Address the Situation at Our Southern Border), as amended by Executive Order 14198 of February 3, 2025 (Progress on the Situation at Our Southern Border), is further amended by revising section 2(g) to read as follows:
    “(g)  Duty-free de minimis treatment under 19 U.S.C. 1321 is available for otherwise eligible covered articles described in subsection (a) of this section.  Such duty-free de minimis treatment shall cease to be available for such otherwise eligible covered articles upon notification by the Secretary of Commerce to the President that adequate systems are in place to fully and expeditiously process and collect tariff revenue applicable pursuant to subsection (a) of this section for covered articles otherwise eligible for de minimis treatment.”
    Sec. 2.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department, agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
    (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
    (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
    THE WHITE HOUSE,    March 2, 2025.

    MIL OSI USA News –

    March 3, 2025
  • MIL-OSI China: UK PM announces new 1.6B-pound deal for Ukraine

    Source: China State Council Information Office 3

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar)

    MIL OSI China News –

    March 3, 2025
  • MIL-Evening Report: False economies: the evidence shows higher speed limits don’t make financial sense

    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau

    Shutterstock

    Despite community resistance and legal push-back, the government isn’t slowing down on its plan to roll back speed limit reductions on many roads. In the process, it’s going against expert advice from transport officials and solid economic evidence showing the benefits of slower speeds.

    Documents recently released quietly by the New Zealand Transport Agency (NZTA) show Land Transport Director Brent Alderton raised serious concerns in 2024 about the proposed speed limit changes and urged decision makers to rely on evidence rather than ideology:

    There is well founded evidence, nationally and internationally, that establishes the link between vehicle speed and the likelihood of a crash occurring, as well as the severity and consequences of any crash.

    But the government is also bypassing evidence that contradicts its own justification that raising some speed limits will help increase productivity.

    A comprehensive economic assessment prepared by engineering consulting firm WSP for the NZTA in March 2024 (later released under the Official Information Act) analysed the impact of previous speed limit changes implemented between 2020 and 2023 (with one dating back to 2011). It found the reductions delivered substantial economic benefits to New Zealand.

    For road corridors with reduced speed limits, nearly 27 fewer deaths and serious injuries per year were recorded: “The crash cost savings generally outweigh the travel time disbenefits by a factor of 2 to 10 (or more).”

    In other words, for every dollar lost in slightly increased travel times, the report estimates New Zealand gains between NZ$2 and $10 in reduced crash costs.

    Economic benefits of lower speeds

    All the road corridors with reduced speed limits in the WSP assessment showed positive benefit-cost ratios using NZTA’s standard methodology. Even under various sensitivity tests, including if crash benefits were reduced or project costs increased, most speed reductions maintained positive ratios.

    But despite the local and international evidence showing lower speed limits save lives and money, the government persists in claiming raising some limits will reduce travel times and therefore increase productivity.

    In fact, everything points to any productivity gains from faster travel being significantly outweighed by increased crash costs. As of 2023, the Ministry of Transport estimates those costs at $769,400 per serious injury and $14,265,600 per fatality.

    When the WSP report was released, it projected traffic would experience mean speed reductions of between 5% and 9% on roads with lowered limits. This projection was based on actual changes in driving speeds recorded using GPS-based traffic data.

    The data showed these reductions resulted in actual death and injury savings “much greater than predicted”. While the observed speed reductions aligned with expectations, the projected safety benefits significantly underestimated the actual harm reduction.

    For example, on the Blenheim to Nelson stretch of State Highway 6, the predicted death and injury reduction was 22%, but the actual reduction was 82%. On State Highway 51, the reduction was 100% compared to an expected 31%.

    Conversely, where speed limits were increased from 100 km/h to 110 km/h, as on the Cambridge section of the Waikato Expressway in December 2017, deaths and serious injuries rose by 133% compared to pre-increase levels.

    In Auckland, dozens of urban corridors will soon see speed limits rise from 50 km/h to 60 km/h. The Auckland Transport agency will also raise the limit on one stretch of Te Irirangi Drive from 60 km/h to 80 km/h – exactly the kind of substantial increase the WSP report linked to dramatically higher crash risks.

    Expediency vs evidence

    Overall, the WSP report shows speed limit reductions worked better than expected at preventing harm, with significantly lower numbers of deaths and serious injuries annually across the studied corridors.

    It is likely the number of lives saved from these speed limit reductions are reflected in the 2024 road fatality statistics, where road deaths across New Zealand were below 300 for the first time in a decade.

    The director of land transport can only promise to “monitor” the impacts of the speed limit increases. In reality, there has been sufficient monitoring and measuring already to show speed limit reductions reduce harm as well as deliver economic benefits.

    But the speed limit issue fits within a broader pattern of transport policy where ideology or political expediency appear to trump expert advice and economic analysis.

    The government has frozen funding for cycling and walking projects, cancelled Auckland’s light rail plan, abandoned regional passenger rail initiatives and prioritised new highway construction over maintenance of existing roads.

    This is despite economic assessments consistently showing better benefit-cost ratios for public and active transport investments than for new road projects.

    Such decisions also contradict the government’s own climate commitments and overlook mounting evidence that car-centric transport planning worsens congestion rather than alleviating it.

    Similarly, economic assessment shows unequivocally that the financial benefits of lower speeds and safer roads far outweigh the costs. If economic rationality were the driving force behind transport policy, speed limit reductions would be expanded rather than rolled back.

    Timothy Welch 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. False economies: the evidence shows higher speed limits don’t make financial sense – https://theconversation.com/false-economies-the-evidence-shows-higher-speed-limits-dont-make-financial-sense-251138

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-Evening Report: Microsoft cuts data centre plans and hikes prices in push to make users carry AI costs

    Source: The Conversation (Au and NZ) – By Kevin Witzenberger, Research Fellow, GenAI Lab, Queensland University of Technology

    After a year of shoehorning generative AI into its flagship products, Microsoft is trying to recoup the costs by raising prices, putting ads in products, and cancelling data centre leases. Google is making similar moves, adding unavoidable AI features to its Workspace service while increasing prices.

    Is the tide finally turning on investments into generative AI? The situation is not quite so simple. Tech companies are fully committed to the new technology – but are struggling to find ways to make people pay for it.

    Shifting costs

    Last week, Microsoft unceremoniously pulled back on some planned data centre leases. The move came after the company increased subscription prices for its flagship 365 software by up to 45%, and quietly released an ad-supported version of some products.

    The tech giant’s CEO, Satya Nadella, also recently suggested AI has so far not produced much value.

    Microsoft’s actions may seem odd in the current wave of AI hype, coming amid splashy announcements such as OpenAI’s US$500 billion Stargate data centre project.

    But if we look closely, nothing in Microsoft’s decisions indicates a retreat from AI itself. Rather, we are seeing a change in strategy to make AI profitable by shifting the cost in non-obvious ways onto consumers.

    The cost of generative AI

    Generative AI is expensive. OpenAI, the market leader with a claimed 400 million active monthly users, is burning money.

    Last year, OpenAI brought in US$3.7 billion in revenue – but spent almost US$9 billion, for a net loss of around US$5 billion.

    Microsoft is OpenAI’s biggest investor and currently provides the company with cloud computing services, so OpenAI’s spending also costs Microsoft.

    What makes generative AI so expensive? Human labour aside, two costs are associated with AI models: training (building the model) and inference (using the model).

    While training is an (often large) up-front expense, the costs of inference grow with the user base. And the bigger the model, the more it costs to run.

    Smaller, cheaper alternatives

    A single query on OpenAI’s most advanced models can cost up to US$1,000 in compute power alone. In January, OpenAI CEO Sam Altman said even the company’s US$200 per month subscription is not profitable. This signals the company is not only losing money through use of its free models, but through its subscription models as well.

    Both training and inference typically take place in data centres. Costs are high because the chips needed to run them are expensive, but so too are electricity, cooling, and the depreciation of hardware.

    The growing cost of running data centres to power generative AI products has sent tech companies scrambling for ways to recoup their costs.
    Aerovista Luchtfotografie / Shutterstock

    To date, much AI progress has been achieved by using more of everything. OpenAI describes its latest upgrade as a “giant, expensive model”. However, there are now plenty of signs this scale-at-all-costs approach might not even be necessary.

    Chinese company DeepSeek made waves earlier this year when it revealed it had built models comparable to OpenAI’s flagship products for a tiny fraction of the training cost. Likewise, researchers from Seattle’s Allen Institute for AI (Ai2) and Stanford University claim to have trained a model for as little as US$50.

    In short, AI systems developed and delivered by tech giants might not be profitable. The costs of building and running data centres are a big reason why.

    What is Microsoft doing?

    Having sunk billions into generative AI, Microsoft is trying to find the business model that will make the technology profitable.

    Over the past year, the tech giant has integrated the Copilot generative AI chatbot into its products geared towards consumers and businesses.

    It is no longer possible to purchase any Microsoft 365 subscription without Copilot. As a result subscribers are seeing significant price hikes.

    As we have seen, running generative AI models in data centres is expensive. So Microsoft is likely seeking ways to do more of the work on users’ own devices – where the user pays for the hardware and its running costs.

    A strong clue for this strategy is a small button Microsoft began to put on its devices last year. In the precious real estate of the QWERTY keyboard, Microsoft dedicated a key to Copilot on its PCs and laptops capable of processing AI on the device.

    Apple is pursuing a similar strategy. The iPhone manufacturer is not offering most of its AI services in the cloud. Instead, only new devices offer AI capabilities, with on-device processing marketed as a privacy feature that prevents your data travelling elsewhere.

    Pushing costs to the edge

    There are benefits to the push to do the work of generative AI inference on the computing devices in our pockets, on our desks, or even on smart watches on our wrists (so-called “edge computing”, because it occurs at the “edge” of the network).

    It can reduce the energy, resources and waste of data centres, lowering generative AI’s carbon, heat and water footprint. It could also reduce bandwidth demands and increase user privacy.

    But there are downsides too. Edge computing shifts computation costs to consumers, driving demand for new devices despite economic and environmental concerns that discourage frequent upgrades. This could intensify with newer, bigger generative AI models.

    A shift to more ‘on-device’ AI computing could create more problems with electronic waste.
    SibFilm / Shutterstock

    And there are more problems. Distributed e-waste makes recycling much harder. What’s more, the playing field for users won’t be level if a device dictates how good your AI can be, particularly in educational settings.

    And while edge computing may seem more “decentralised”, it may also lead to hardware monopolies. If only a handful of companies control this transition, decentralisation may not be as open as it appears.

    As AI infrastructure costs rise and model development evolves, shifting the costs to consumers becomes an appealing strategy for AI companies. While big enterprises such as government departments and universities may manage these costs, many small businesses and individual consumers may struggle.

    Kevin Witzenberger receives funding from the Australian Research Council.

    Michael Richardson 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. Microsoft cuts data centre plans and hikes prices in push to make users carry AI costs – https://theconversation.com/microsoft-cuts-data-centre-plans-and-hikes-prices-in-push-to-make-users-carry-ai-costs-250932

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-OSI Global: The only ‘winner’ here is Putin: Ukraine unites in response to Trump-Zelenskyy spat and resigns itself to new reality

    Source: The Conversation – USA – By Lena Surzhko Harned, Associate Teaching Professor of Political Science, Penn State

    A trap or a misstep? Ukrainian President Volodymyr Zelenskyy sit-down with Donald Trump and JD Vance heads south. AP Photo/ Mystyslav Chernov

    “A president just disrespected America in the Oval Office. It wasn’t Zelenskyy.”

    That was the verdict of the editorial team at the Kyiv Independent, one of Ukraine’s leading media outlets, on a remarkable spat in the Oval Office that played out on Feb. 28, 2025.

    The online newspaper European Pravda characterized the “quarrel at the highest level” as a diplomatic failure, but added that it was “not yet a catastrophe.”

    Some Ukrainians I have spoken to since the fractious encounter, during which Ukraine’s Volodymyr Zelenskyy was repeatedly hectored by U.S. President Donald Trump and Vice President JD Vance, have indeed characterized it as disastrous for the country. But for others, the incident has been calmly accepted as the new reality in U.S.-Ukraine relations.

    There have been some questions directed at Zelenskyy – did he allow himself to be baited into an an argument that could have real consequences? Should he have remained silent? But for the most part, the treatment of Ukraine’s president by Trump and Vance has produced a presumably unintended consequence: It has unified a war-weary Ukrainian people.

    As one friend who has been displaced by war from the now occupied city of Nova Kakhovka told me, there has not been this level of mobilization and patriotism in three years.

    ‘The country needs unity’

    This unity is seen in the response across Ukraine’s political divide.
    Petro Poroshenko, an often outspoken opponent of Zelenskyy and leader of the opposition party European Solidarity, said on March 1 that, to the surprise of many, he will not criticize Zelenskyy’s performance at the White House. “The country does not need criticism, the country needs unity,” he said in the video posted on X.

    Anecdotally, even those Ukrainians who did not vote for Zelenskyy have told me that events in the Oval Office made them feel more supportive of Zelenskyy.

    However, a sense of realism is sinking in over the shifting stance of the U.S. administration. Trump’s stated trust in Vladimir Putin and his conciliatory comments over Russian aggression – including a refusal to acknowledge Russian war crimes – have, for many Ukrainians, set low expectations that the White House can help achieve a quick and lasting peace. Yet, as Inna Sovsun of the opposition party Holos noted, “It was difficult to watch a president who’s been a victim of Russian aggression being attacked by the leader of the free world.”

    Setting the record straight

    The Feb. 28 meeting between the U.S. and Ukrainian leaders followed weeks of increasingly harsh Trump rhetoric toward Zelenskyy. Since being inaugurated on Jan. 20, Trump has called the Ukrainian leader a “dictator without elections,” claiming – incorrectly – that Zelenksyy had 4% approval ratings. He also indicted that the invasion by Russian troops in February 2022 was Ukraine’s fault.

    Such comments had already made Ukrainians rally around Zelenskyy, who has a healthy 63% approval rating, according to the latest polls.

    The ugly scenes in the Oval Office could see a further rallying around Zelenskyy, especially if he can successfully characterize his role in the dispute as that of defender of his people. Doing so would tap into growing popular resentment over the new U.S. administration’s apparent unwillingness to acknowledge Russian war crimes.

    Large U.S. and Ukrainian flags hang on the Kyiv River Port building on March 2, 2025 in Kyiv, Ukraine.
    Photo by Pierre Crom/Getty Images

    In the days leading up to the Zelenskyy-Trump meeting, the U.S. voted with Russia against a United Nations resolution condemning Russian aggression and opposed the wording of a draft G7 statement marking the third anniversary of the war, which depicted Russia as the aggressor.

    Letting Putin off the hook

    The angry exchanges in the Oval Office seemed to have been sparked by Zelenskyy’s objection to Trump’s assertion that Russian President Vladimir Putin is a man of his word.

    That refusal to call out Putin – who faces an arrest warrant from the International Criminal Court – angers Ukrainians who have suffered Russian aggression for three years. To hammer that point home, Zekenskyy showed Trump and others in the Oval Office photos of Ukrainian prisoners of war who return from Russian captivity tortured and abused.

    As Ukrainian human rights lawyer and Nobel Prize winner Oleksandra Matviichuk noted in a Feb. 17 speech, 65% of Ukrainians polled early in the conflict said their main disappointment in ending the war would be “impunity for Russian crimes.” Three years of conflict will have only hardened that sentiment – yet the U.S., under Trump’s leadership, looks increasingly willing to let Putin off the hook.

    Defender of the nation – and truth

    A large section of Ukrainian media – both traditionally pro- and anti-Zelenskyy alike – have since Feb. 28 portrayed the president in the role of a defender of both his nation and the truth.

    He was, this framing has it, forced into the difficult position of having to set the record straight and challenge untrue statements in real time, and in front of the seemingly antagonistic leader of the world’s largest economy, whose support has been crucial in Ukraine’s attempt to repel the invading Russian army.

    To some, keeping silent would have been tantamount to capitulation, but others have questioned Zelenskyy’s approach.

    While still maintaining that Zelenskyy’s key message was correct, some Ukrainians have suggested that his emotional tone in the Oval Office was not constructive.

    Opposition lawmaker Oleskiy Goncharenko suggested in an interview on CNN that Zelenskyy should have been more “diplomatic” and more “calm” given that the stakes were so high.

    Meanwhile, there were also those who questioned the decision to hold such an important conversation in front of the press, especially without the use of professional translators who potentially could have tamped down the rhetoric and slowed the pace of the exchange. Thus, as Tymofiy Mylovanov, the adviser to the office of the president and head of the Kyiv School of Economics put it, some things could “have been lost in translation.”

    ‘Zelensky is our democratic leader’

    So where does the Oval Office dispute leave both Zelenskyy and U.S.-Ukrainian relations?

    In the aftermath of the dispute, Republican Sen. Lindsey Graham – who has been a staunch supporter of Ukraine – suggested that Zelenskyy should resign, the implications being that his relationship with Trump was so broken that his presence is now counterproductive for Ukraine’s priorities.

    It is a line that hasn’t gone down well in Ukraine. Kira Rudyk, the leader of opposition party Holos, retorted that it was up to the Ukrainian people alone to decide on their leadership and future.

    Moreover, to many Ukrainians the barrier to harmonious Ukraine-U.S. relations is not Zelenskyy, but Trump.

    Mustafa Nayyem, who served in Zelesnkyy’s government, summed up the view of many Ukrainians by claiming in a social media post that the Trump administration “does not just dislike Ukraine. They despise us.” The “contempt is deeper than indifference, and more dangerous than outright hostility,” he added in the Feb. 28 post.

    Intentional provocation

    Serhii Sternenko, a Ukrainian activist lawyer and blogger, described the Oval Office spat as an intentional provocation on behalf of Trump to discredit Ukraine as an unreliable partner in the peace negotiations.

    Sternenko is not alone in his assessment. Journalist and blogger Vitaly Portnikov argued that the spat was the result of Trump’s unrealistic promise of ending the war quickly being confronted with the reality that perhaps Russia does not want to make any concessions. The thinking here is Putin has shown no indication that he will bend on his war goals, so for Trump, framing Zelenskyy as “not ready for peace” allows the U.S. president to walk away from his campaign promise without accepting defeat.

    Among friends: Zelenskyy with Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron on March 2, 2025.
    Justin Tallis – WPA Pool/Getty Images

    A new reality

    Beyond the headlines and initial reactions from Ukrainian politicians, journalists and civilians, there is also another sentiment that is emerging: resignation to the new reality.

    Most Ukrainians want an end to war, but in a way that preserves their sovereignty and guarantees future security. Until recently, that was shared by the occupants of the White House. It is becoming increasingly clear to many Ukrainians that, in regards the war in Ukraine, the U.S. will play a different role under Trump – meaning Ukraine will increasingly look to European leaders as primary partners.

    Perhaps Goncharenko, the opposition member of Ukraine’s Parliament, best summed up the consequences of the Oval Office spat: “It was not Ukraine, it was not the United States who won … it was Putin.”

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

    – ref. The only ‘winner’ here is Putin: Ukraine unites in response to Trump-Zelenskyy spat and resigns itself to new reality – https://theconversation.com/the-only-winner-here-is-putin-ukraine-unites-in-response-to-trump-zelenskyy-spat-and-resigns-itself-to-new-reality-251228

    MIL OSI – Global Reports –

    March 3, 2025
  • MIL-OSI Australia: We must not risk going backwards on racism

    Source: Australian Human Rights Commission

    Nearly every day, my phone buzzes with messages of distress: community leaders, faith groups, families and individuals from all walks of life, each carrying the weight of racism’s impact.

    A mother fearful for her child’s safety calls after yet another racial slur at school. A faith leader grapples with hate targeting their congregation. A teacher gets in touch because they confront racism daily.

    The stories are different, but the pain is the same – frustration, exhaustion, asking what can be done. The hard-fought progress that we have made towards equality is being challenged before our eyes and we cannot risk going backwards.

    Bearing witness to what many others do not see, and supporting those affected, is a responsibility I do not take lightly. I cannot do it alone, however. Everyone has a role to play.

    Last week, a Jewish doctor emailed me asking how we can stop anti-Semitism after the confronting video of two nurses in Bankstown saying they would kill Israeli patients. The tone in his email was urgent. He was concerned for the safety of Jewish healthcare workers and patients.

    In his email, he focused on the need for education and building an understanding of racism, but I could feel his frustration.

    In the weeks prior, a Muslim woman sent me messages about white supremacists letterboxing in Adelaide. She sent me screenshots of the abhorrent leaflets and asked what I could do to get police to take the matter more seriously. Again, frustration.

    The weeks before that, it was messages from members of the Indian community, sending me videos of racism towards Indian fans at the cricket. Bewildered, they also asked me what could be done.

    Each reflect a system failure that enables racism: a health system where staff and patients feel unsafe; a justice system that is focused on criminalising offences after the harm is done, rather than early community-led prevention; a sporting sector that cannot protect victims of racism.

    The thing about systems is that they can be fixed, when we know how to diagnose the problem.

    For those who are unfamiliar with racism, it is easier to imagine its more overt forms. People are familiar with the racist uncle you see once a year, or the one racist person at work whom your colleagues tolerate because they’re part of the furniture.

    The reason why it’s easy to imagine this form of racism is because it is easy to separate ourselves from it. We tell ourselves we do not do that and we move on.

    For those who are familiar with systemic racism, we know that it is everywhere. Many of the examples I hear sit with me long afterwards.

    One was of a Palestinian child whose picture of a Palestinian flag was thrown in the bin by their teacher. Another was of an African-born mother whose son was told that he could not walk onstage to accept his first ever academic award because his hairstyle didn’t conform to school standards.

    When his mother raised it with the all-white school executive and administration, she was dismissed and told rules must be upheld. She was persistent, however, and produced photos of white kids with much longer hair who were allowed onstage. Eventually, the school conceded it was wrong, but the damage had been done.

    At no point in this story is there name-calling or the hurling of abuse. The school claimed it was applying the rules equally to everyone. Yet it is another example of the pervasive nature of systemic racism and the way it operates.

    African hair did not fit the school rules, and without the courage and resilience of an African mother nothing would have happened. The burden to challenge racism falls too greatly on its victims.

    Late last year I launched the Australian Human Rights Commission’s National Anti-Racism Framework. The framework comes at a time when race is on the front page of our newspapers every other day. Anti-Semitism, anti-Arab racism, anti-Palestinian racism and Islamophobia are on the rise, with disgusting displays of hate and racist violence becoming more frequent across communities.

    In this climate, I cannot think of a more pressing need for a national approach to ending racism. Solutions to systemic racism are in everyone’s best interest. A society where everyone can flourish benefits us all.

    Systemic racism is like cancer. The tumours can be removed, but the cancer will keep making us sick until we confront its source.

    It is an illness that began 237 years ago. As Stan Grant wrote, “Racism isn’t killing the Australian dream. The Australian dream was founded on racism.”

    When I meet with First Nations communities, one of the common threads among the conversations is that colonisation is not just a date in history but an ongoing reality. It has impacted every institution and informed every dominant way of thinking since 1788.

    So, when we talk about systemic racism in Australia, we are talking about systems that have been built to advance the interests of colonising white settlers. These systems don’t consider or protect the interests of First Nations people and others who experience racism.

    Our education system is built for white knowledge and our workplaces elevate white people into leadership by default. This is not just a mere inconvenience for people who experience racism – these systems cause harm to communities, so that those who benefit can thrive.

    We only need look at the over-imprisonment and harm experienced by First Nations people within our legal system for an example of the systemic bias baked into our society.

    To say, then, that it can be disheartening when my bid to call out systemic racism falls flat is an understatement.

    Recently I’ve even been asked why I’m so focused on race when we’re facing serious levels of economic and class inequality, which can also impact white people. For those who feel the harms of racism, however, these issues are deeply intertwined.

    Migrant workers of colour have become even more vulnerable to exploitation in order to keep their jobs. Worse, economic inequality is exploited by racist rhetoric that blames migration for what are far more complex and deeply entrenched problems.

    When migrants are blamed, too often the only signal as to whether someone is a migrant is the colour of their skin. Race compounds the inequality experienced in hard times and is vital to consider when we chart the way forward.

    The commission’s National Anti-Racism Framework has 63 recommendations for eliminating racism. They span government, education, healthcare, justice, workplaces and the media.

    The framework calls for a hard look at the composite parts of our nation. We need to examine the insidious way in which racism has made its nest in almost every facet of Australian life. Then we need to deploy our tools: law reform, new policies, relevant training and whatever else is needed to dismantle racism at its roots.

    In education, this means making the need for anti-racist education explicit in curriculums from early childhood through to our tertiary institutions. In healthcare, this means partnerships and shared decision-making with at-risk communities, so that those who are most harmed by racism in our healthcare system have a stronger, louder voice.

    Online, it means better regulation of racist hate. It means a more coordinated anti-racist approach to collecting data on racism.

    Across sectors, we have also outlined the need to deepen our understanding of how racism continues to be upheld, with a mandate to prevent and eliminate these vicious cycles. We’ve highlighted that listening to and valuing the leadership of First Nations people is essential to this work.

    We are at a critical juncture where race and racism need to go from “too hard” to actionable, durable solutions. The longer we leave things to fester, the more severe the outcome. It is our collective responsibility to act now and do more.

    Racism is estimated to cost the Australian economy $37 billion each year. It would cost a fraction of that to implement the recommendations put forward in the National Anti-Racism Framework.

    It is not good enough to expect those who are most affected by racism to be responsible for calling out and addressing racism in their schools, at work and in the community at large. We need a more preventive, systemic response.

    Many people came forward as we developed the framework to share the ways racism has diminished them, and to offer their solutions for change. We all deserve to live without fear and with dignity.

    Our next step in the journey must be one that results in a fairer and more equitable society that allows us all to be our whole selves. A united commitment will lay the foundations for a safer future where everyone can thrive free from the damaging impacts of racism.

    We need our leaders in politics, civil society and business to be brave. They’ve been handed a road map. It’s time for the rubber to hit the road.

    This article was first published in the print edition of The Saturday Paper on March 1, 2025 as “How to fight racism”.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Economics: African Development Bank reiterates commitment to bold action on energy and climate finance at 2025 Finance in Common Summit

    Source: African Development Bank Group

    Energy access and sustainable finance took center stage at the 2025 Finance in Common Summit, where two roundtable discussions addressed critical financing gaps and highlighted pathways to achieving universal energy access in Africa. 

    During the discussions, the African Development Bank reiterated its commitment to unlocking investment for Africa’s energy future and scaling climate financing as part of its recently-launch Mission 300 initiative, in anticipation of COP30.

    With 600 million people in Sub-Saharan Africa still without electricity, the urgency of addressing energy access cannot be overstated. The first roundtable convened Local Finance Institutions (LFIs), national and local governments, utilities, and private sector leaders to explore solutions to financing constraints. Participants shared best practices, tackled investment bottlenecks, and discussed innovative de-risking mechanisms for energy projects.

    “LFIs are the lifeblood of our economies, possessing a unique understanding of local contexts, needs, and opportunities,” noted African Development Bank Vice President, Nnenna Nwabufo, who moderated the session. “They are essential for mobilizing the necessary capital, fostering local entrepreneurship, and scaling sustainable energy projects.”

    While significant progress has been made in expanding energy access across Africa, major challenges remain. In January 2025, the Mission 300 Energy Summit generated strong political momentum, with 48 African Heads of State committing to accelerating policy reforms, and 12 countries presenting National Energy Compacts outlining clear targets for energy access.

    Backed by the World Bank, the African Development Bank and other development partners, Mission 300  aims to provide  300 million Africans with electricity access by 2030. “This ambitious goal is within reach, but it demands concerted action, innovative financing solutions, and strong partnerships,” emphasized Nwabufo.

    However, financing remains a major bottleneck, particularly for last-mile connectivity and off-grid solutions. Public development banks and local finance institutions play a pivotal role in mobilizing the estimated $170 billion needed to achieve universal access. “Traditional financing models often fall short in meeting the specific needs of local communities and small-scale energy projects…this is where LFIs, with their local expertise, can make a transformative difference,” Nwabufo added.

    Private funds such as the Gaia Energy Impact, a venture capital firm dedicated to renewable energy, are crucial for financing early-stage innovation and making projects investment-ready to attract more capital. “However, de-risking tools provided by public institutions, such as concessional funding, blended finance and guarantees, play a major role in leveraging private capital,” explained Hélène Demaegdt, President and Founder, of the impact fund.

    A united vision for the future of energy access

    The second roundtable shifted focus to Latin America and the Caribbean (LAC), where development banks have been at the forefront of climate finance. Experts from sovereign wealth funds, vertical funds, and private investors joined key institutional players to explore pathways for scaling sustainable financing.

    With COP30 on the horizon, panelists emphasized the importance of a robust taxonomy to attract global capital. Brazil’s pioneering efforts—through initiatives like the Brazil Climate and Ecological Transformation Investment Platform (BIP) and Eco Invest Brazil—served as a model for emerging markets.

    “As we move to COP30 we are committed to doubling down on looking at all sources of revenues and pulling all levers,” said Tatiana Rosito, Secretary for International Affairs for Brazil’s Ministry of Finance.

    Discussions reinforced the necessity of blended finance models, philanthropic support, and sovereign wealth funds to bridge the climate adaptation and mitigation financing gap. The session set the stage for deeper engagements leading up to COP30, ensuring that emerging markets secure the capital needed for a just energy transition.

    “COP30 will be a defining moment for Africa and the world. We cannot afford another cycle of pledges without action,” insisted Nwabufo.

    “This needs to be an accountability COP,” echoed Mafalda Duarte, Executive Director of the Green Climate Fund. “We need less big announcements but more giving a sense of trust and confidence that we will focus deliberately on critical partnerships, implementation and results.”

    Duarte also emphasized the need to broaden the investor base beyond multilateral development banks. “We know that the private investors are not doing as much as they could and should, so should be included as part of a more integrated narrative.”

    “We must demonstrate that finance will not remain a barrier to Africa’s sustainable future but a catalyst for shared prosperity. It is not just about securing financing for Africa’s climate goals; it is about demonstrating that investing in Africa’s climate resilience is smart economics, benefitting both Africa and the global economy,” Nwabufo affirmed.

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI Australia: Australia’s energy transition: capitalising on global investment shifts post-US election

    Source: Allens Insights

    An increasingly complex global environment 13 min read

    Within hours of his inauguration on 20 January 2025, President Trump signed almost 100 executive orders and issued several memorandums and announcements. These included a wind-back of the Inflation Reduction Act (the IRA), withdrawal from The Paris Agreement, halting approvals for new offshore wind farm projects, fast-tracking approval processes for fossil fuels and implementing tariffs on Canada, China and Mexico, some of which were subsequently paused.

    It is early days, so there is limited evidence as to whether this will result in a meaningful change to actual investment allocations in sectors such as renewable energy, but it certainly demonstrates that the global investment environment is becoming increasingly complex, and we believe there is potential for some portion of capital to be redirected away from the US.

    While a potential global reallocation of debt and equity capital and other key energy transition resources such as labour and equipment may be advantageous for a number of countries, the extent to which Australia will be able to capitalise on these opportunities will be tested by the many existing challenges that remain and need to be solved.

    In this Insight, we reflect on the potential consequences of recent policy changes in the US following the re-election of the Trump administration and how this may impact the energy transition in Australia.

    Key takeaways

    • The winding back of the Inflation Reduction Act and other renewables policies under the new US administration may lead to a global redirection of capital away from the US to other jurisdictions, with the reallocation of key resources such as labour and materials easing global supply chain pressures in some pockets.
    • Features specific to Australia’s clean energy market, including our debt and equity markets, and supportive legislative environment may be attractive to certain classes of investors seeking to reallocate capital that was previously earmarked for the US.
    • Similarly, certain local projects experiencing challenges with labour and materials shortages will welcome the potential redistribution and freeing up of such resources.
    • However, the upcoming federal election adds uncertainty to the future direction of Australia’s clean energy policy. Anti-ESG sentiment, fuelled by the renewed emphasis of this theme from the US, may have a further chilling effect on investor confidence.
    • In addition to political uncertainties, Australia’s energy transition continues to face domestic challenges such as approval and connection delays, skilled labour and materials shortages (which are not easily solved even if there is a global redistribution of such resources), and a slow transmission infrastructure build-out. These challenges need to be addressed to fully attract inbound capital.
    • While recognising the very real ongoing local challenges, on the global stage Australia will still be viewed as an attractive investment destination for renewable energy, including relative to the US and parts of Europe. The competitive advantages that are specific to the Australian renewables sector will help Australia compete for the redirection of global capital flows.

    Recent policy changes in the US

    The new US administration has wasted no time in implementing executive orders with the intention of sending policy signals and directing investment in the energy industry in the US in the short to medium term. While the policy situation in the US continues to change on a daily basis, key policies and actions that are expected to directly curb investment in the renewable energy industry in the US are:

    Winding back of the IRA

    Trump’s ‘Unleashing American Energy’ executive order pauses the disbursement of funds allocated under the IRA. This will have direct impacts on existing and planned energy transition projects, including Australian investment into the US in areas such as hydrogen.

    While the IRA is not expected to be fully repealed given a number of projects benefiting from the IRA are in Republican states, the change in stance under the new administration certainly represents a significant shift in direction, given that—up until the commencement of the new administration—the IRA was widely promoted as the single biggest climate investment in US history, with more than US$369 billion of government spending earmarked for energy transition projects, including a vast range of renewable energy technologies. Indeed, it is estimated that as at January 2025, the IRA in its previous form had attracted nearly US$500 billion of investment in low carbon energy and domestic manufacturing, with private investment exceeding public spending by five to six fold.1

    Offshore wind ban

    The withdrawal by President Trump of the Offshore Continental Shelf (OCS) from wind energy leasing is anticipated to create major hurdles for the offshore wind industry in the US. The terms of the withdrawal will mean new offshore wind projects are unlikely to get off the ground, as they will not be able to get leases on the OCS. Projects with existing leases may also be at risk of review, which may result in revisions to the sizing of such leases, or even their cancellation.

    Drill, baby drill

    Trump’s energy strategy pivots away from the clean energy initiatives under the Biden administration towards a prioritisation of oil and gas. Through a number of executive orders, President Trump has decreased regulatory roadblocks to new oil and gas projects, expanded the areas in which hydrocarbon exploration can take place, restarted approval processes for LNG export projects and initiated a renewed push for the adoption of fracking across the US mainland.

    As a result, the US will immediately become a more attractive destination for oil and gas companies to deploy capital and develop new projects. This is in distinct contrast to the Australian investment landscape. Despite the change in the discourse relating to gas that we’ve seen over the past few years, with both the federal and various state governments now publicly calling out the role of gas as an important part of the energy transition, new projects are still facing long delays in securing approvals and opposition from community groups.

    Anti-ESG investment sentiment

    All of these and many other actions and policies under the new US administration have contributed to a further rise in anti-ESG investment sentiment. Globally, and in part as a possible reaction to that sentiment, we have seen major financial institutions and asset managers pulling back from public net zero and other climate-related commitments.

    Australia’s clean energy investment landscape

    Australia’s clean energy landscape is likely to be influenced by a number of global shifts arising from key US policy changes, including the global reallocation of debt and equity capital, disruption and redistribution of supply chains, key materials and labour, and a changing political environment and public sentiment.

    While these shifts may, in some respects, be positive for Australian clean energy projects and investment, our energy transition continues to face significant challenges. The impact on energy policy following a possible change in federal government is significant, with uncertainty around whether a number of the key initiatives pursued over the past few years will continue. These include the Rewiring the Nation initiative, which funds the construction of new transmission infrastructure, and the offshore wind industry which is underpinned by federal legislation. Of course, there is then the issue of the Coalition’s nuclear policy and how this might impact the direction of the energy market in Australia.

    In addition to this sovereign risk, Australia continues to grapple with significant approval delays and transmission connection issues for energy transition projects, preventing developers from fully capitalising on the opportunity to attract capital. We will cover these issues in more detail in future Insights in this series.

    Many of the orders and policies under the Trump administration are expected to:

    • present significant hurdles for new projects in the US (particularly in the renewable energy sector and generation projects both onshore and offshore);
    • create or exacerbate delays and challenges for certain existing US projects, some of which may be shelved or abandoned completely; and
    • increase political and social complexity and scrutiny of investment policies that are explicitly linked to decarbonisation or climate-related targets.

    In particular, the winding back of the IRA is expected to result in capital of up to US$80 billion being diverted away from the US.2 Should this eventuate, a huge global reallocation of capital can be expected to occur, potentially creating new opportunities for certain segments and projects in the Australian energy sector.

    Emerging technologies and non-traditional revenue structures

    While Australia benefits from a mature, sophisticated and liquid project finance market, for certain clean energy projects, such as those involving newer and emerging technologies or non-traditional revenue profiles (like hydrogen, batteries and other storage assets), there is often a need for support from a range of traditional and non-traditional funding sources. These can include government lender support or private debt providers who may be willing to provide greater flexibility in their terms for certain projects that are higher up the risk curve given their different investment mandates and risk appetite.

    The capital expected to ‘free up’ as a result of a more challenging investment environment in the US will come from a wide range of sources, including commercial banks, private debt lenders and funds. With strong existing liquidity in the Australian project finance bank debt market, we see opportunities for non-traditional lenders, particularly private debt lenders who may be looking to reallocate their investment, to increase their participation in the Australian energy market, especially on projects involving emerging technologies or with non-traditional revenue profiles. We may see more of those types of lenders providing standalone funding or supplementing and sitting alongside traditional bank debt and government funding on certain clean energy projects.

    This activity may be facilitated by other current features of the Australian market, such as the RBA recently starting a gradual easing cycle on interest rates, as well as industry-specific features that support new project development and funding, such as legislated emissions reduction targets, and government-led funding and revenue underwriting initiatives, at both a federal and state level, such as the Commonwealth Capacity Investment Scheme and NSW’s Electricity Infrastructure Roadmap for renewable energy zones and Long Term Energy Services Agreements. It remains to be seen what effect the Australian election outcome may have on federal energy policy, and we have already seen a shift in Queensland in terms of government support for energy transition-related targets and projects.

    M&A activity and expansion of energy platform investment

    On the equity side, for similar reasons noted earlier, we anticipate that Australia should be viewed as a relatively attractive jurisdiction for increased investment from equity investors who may be pulling back their investment allocations in projects in the US. In the Australian context, potential increased equity interest from investors looking for scale and diversification may further drive the proliferation of energy platforms and portfolios. This is a major trend that has proven to be highly attractive and viable for sponsors in the local market across the past 12-24 months, leading to a number of platforms and portfolios becoming available in the pipeline and seeking to be connected with equity and debt capital providers. Investors with more specific asset or technology-based mandates may also look to increase their investment in sectors that have proven to be increasingly bankable, such as the utility-scale batteries sector or, depending on their investment mandate, sectors involving more emerging technologies.

    The extent to which these potential opportunities will result in a net benefit for Australia will be tested by a number of existing sector challenges. These include political uncertainty and a possible pullback by certain investors from the sector generally in the context of heightened scrutiny from stakeholders around ‘environmental agendas’. We have also seen a retreat by certain investors from some technologies such as utility-scale solar, and there are, of course, the pain points with permitting, connection, access and social licence affecting all projects. All of these factors lessen competition for assets, placing downward pressure on returns and presenting issues for Australia as an investment destination for capital seeking a home.

    The significant hurdles, delays and other challenges for renewable energy projects in the US, combined with more general measures such as tariffs, leading to potential trade wars, are expected to significantly disrupt supply chains, key materials and labour. Looking at some of Australia’s existing challenges under these themes, we anticipate that there may be upside for certain segments of the clean energy industry.

    Labour and supply chain opportunities

    The redistribution of resources such as labour and equipment that is no longer required for projects in the US may present opportunities for Australian projects such as solar, wind and storage, as well as facilitating the buildout of transmission infrastructure. Shortages in skilled labour and materials have been a key hurdle facing Australia’s ambitious pipeline of energy development projects and transmission infrastructure buildout. Key equipment and components for energy projects are in high demand globally. Production slots for these items can be booked out years in advance and prices have continually been increasing. Program timing for these large-scale projects is critical, with delays resulting in projects losing their position in the queue for both key components and grid access, which is contributing to cost overruns and blowouts.

    While there is no easy solution to existing supply chain problems, we expect that a redistribution of supply of material, transportation and labour resources away from the US may provide some assistance with overcoming these challenges.

    Offshore wind sector

    The sweeping actions taken by the Trump administration raise serious concerns for the offshore wind industry in the US. From a global perspective, it will mean a huge volume of such development projects may be withdrawn from the US or delayed for some time. In addition to the associated equity and debt investment that will no longer be deployed for those projects and will therefore need to be reallocated, this also means key resources such as contractors, suppliers and operators, as well as key materials, transportation and components, which were previously committed to that project pipeline, will become available globally. The freeing up of some of these resources may assist to address existing shortages in the Australian offshore industry.

    This redistribution presents opportunities for Australia, in particular when we consider some of the current regulatory and policy settings already in place for our offshore wind industry. While still in its early stages, the federal and Victorian governments have been at the forefront of developing an offshore wind market in Australia, with the introduction of an offshore electricity licensing framework at a federal level and a clear policy direction from the Victorian Government outlining its offshore wind targets.

    That said, the offshore wind industry in Australia is still very much in its infancy, and the progress that has been made under current Labor governments at the state level is at risk of being paused or wound back should we see a change of federal government at the upcoming election.

    The substantial shift in stance that the new US administration has taken on energy policy has heightened criticism of energy investment from certain political and social voices and, relatedly, has contributed to a general anti-ESG and anti-woke narrative.

    This increases the complexity of the investment environment surrounding the energy sector globally. In Australia, we see this potentially amplifying certain political and social licence challenges, but will not necessarily be a significant detractor from opportunities for the energy transition in Australia given that, as an investment destination, it remains attractive relative to other parts of the world.

    Emboldening political and community challengers

    We expect to see key planning and environment approvals required under federal and state legislation remaining a challenge for developers, both in terms of delays in securing those approvals and increasingly stringent assessment requirements and conditions once those approvals have been obtained.

    This may be exacerbated depending on the outcome of the upcoming federal election this year. The Coalition has taken a considerably stronger stance against renewables generally, and this may be further fuelled by the renewed emphasis on anti-ESG investing and anti-woke sentiment from the US. For example, we have seen the federal opposition’s recent announcement of its intention to revoke the Southern Ocean Offshore Wind Zone if elected, criticism from federal opposition leader, Peter Dutton, of ‘woke’ bankers who refuse lending to certain sectors on environmental grounds and a promise that, if elected, the opposition would unwind emissions reporting rules that came into effect on 1 January.

    Similarly, we may see community opposition and social licence challengers emboldened by that anti-ESG and anti-woke narrative. In the context of the build-out of generation and transmission projects, this may result in even more protracted stakeholder consultation and negotiations with underlying tenure owners, as well as legal challenges to approved and operating projects.

    Green lending and investment policies

    There is increased complexity and uncertainty around ESG investment and, as part of that, renewable energy investment. As discussed earlier, the political climate in the US has contributed to this and that climate is potentially emboldening certain local political players to more explicitly support policies that curb renewables investment. It may be that we see Australian businesses feeling pressure to follow what we have seen globally in terms of businesses withdrawing or distancing themselves from explicit climate-related commitments. However, we see limited evidence and rationale that this alone will drive a substantive diversion of capital away from the renewables sector, especially where the investment case for projects is commercially and scientifically compelling.

    Further, while we have seen certain anti-woke and anti-ESG sentiment echoed in Australia and specifically in the renewable sector, this has not been at the same level of intensity as in the US and so, from that perspective, it is another consideration for investors who are seeking to redeploy capital that was previously committed to US renewables projects, when assessing Australia as a relatively appealing destination.

    That said, shifts in sentiment against ESG agendas will certainly add to the already growing scrutiny from corporate, political and community stakeholders, and this may become more pronounced should there be a change of government at the next election. Against this backdrop, to ensure the Australian renewables sector can capitalise on the potential opportunities presented by the global reallocation of capital and resources, it has never been more important to demonstrate a compelling investment case to equity and debt investors. Crucially, this will involve continued work to overcome the many industry, community and project-level hurdles in the sector.

    Looking to the future

    Despite these local challenges, there remain many reasons why Australia should still be viewed as an attractive investment destination for renewable energy. The advantages Australia has in terms of its stable legal and political system (including bipartisan support for 2050 net zero targets and significant government support for industry at both state and federal level) and its vast, high quality renewable energy sources will continue to bolster Australia’s ability to compete for global capital flows.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI China: UK PM announces new 1.6-bln-pound deal for Ukraine to buy missiles

    Source: China State Council Information Office

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar) 

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI Australia: Appointment of new Austrade CEO

    Source: Minister for Trade

    The Albanese Government is pleased to announce the appointment of Dr Paul Grimes PSM as the new Chief Executive Officer of the Australian Trade and Investment Commission (Austrade).

    Austrade plays a critical role helping Australian businesses to grow and reach new markets, attract investment including to build a Future Made in Australia and promoting Australia as a premier destination for tourism and study.

    Having held a number of senior positions across state, federal and territory governments, Dr Grimes is a highly experienced public servant and brings a wealth of knowledge to the role. He has previously served as Secretary of the NSW Department of Treasury, as well as Secretary of the Federal Department of Agriculture and the Department of Sustainability, Environment, Population and Communities.

    Dr Grimes joins Austrade from his current positions as Chair of the NSW Net Zero Commission and Chair of the National Archives of Australia Advisory Council, among other roles.

    In recognition of his outstanding work in the development of the Australian Government’s response to the global financial crisis, he was awarded the Australian Public Service Medal in 2010.

    I look forward to working closely with him to continue to support local businesses to expand, reach new markets and create more jobs in Australia.

    I would like to give my thanks again to former CEO Mr Xavier Simonet for his distinguished service, and to Acting CEO, Daniel Boyer, for his strong and effective leadership of Austrade during the CEO transition period.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI China: Hong Kong accelerates integration into national development

    Source: China State Council Information Office

    The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development.

    The agreement II further opens up the services market of the Chinese mainland to Hong Kong, enabling Hong Kong businesses and professionals to enter the mainland market with more preferential treatments.

    This move was welcomed by various sectors in Hong Kong, and the industry is looking forward to making good use of the Central Government’s policies to support Hong Kong and promote high-quality economic development, further integrating into the national development.

    The agreement II introduces new liberalization measures across a number of service sectors where Hong Kong enjoys competitive advantages, such as financial services, construction and related engineering services, testing and certification, telecommunications, motion pictures, television and tourism services.

    The liberalization measures take various forms, including removing or relaxing restrictions on equity shareholding and business scope in the establishment of enterprises; relaxing qualification requirements for Hong Kong professionals providing services; and easing restrictions on Hong Kong’s exports of services to the mainland market.

    Most of the liberalization measures apply to the whole mainland, while some of them are designated for pilot implementation in the nine Pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area.

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said earlier that according to the agreement II, the restriction for the mainland branches of Hong Kong banks to conduct bank card business will be lifted starting from March, which will facilitate them in expanding their businesses in the mainland.

    Tommy Tam, chairman of the Travel Industry Council of Hong Kong, said that the new measures are expected to attract more foreign tourists to enter Hong Kong to explore the city and travel further to the mainland. The industry is preparing to promote these arrangements and believes that the demand from ASEAN (the Association of Southeast Asian Nations) tourists is relatively large.

    Law Society of Hong Kong President Roden Tong Man-lung said that this is very good news for the entire Hong Kong legal sector. The legal industry hoped to seize the opportunity to expand their business.

    By the end of last year, the cumulative customs duty concessions under CEPA had exceeded 10.2 billion yuan (about 1.39 billion U.S. dollars). Last year, the total trade in goods between the mainland and Hong Kong exceeded 4.8 trillion Hong Kong dollars (about 613.92 billion U.S. dollars), more than three times the amount before the implementation of CEPA, with an average annual growth rate of 5.6 percent.

    The number of sectors in which the mainland has fully or partially opened up to Hong Kong’s service industry has increased to 153, accounting for 96 percent of all 160 service trade sectors.

    The agreement II also brings along institutional innovation and collaboration enhancements. It includes the addition of “allowing Hong Kong-invested enterprises to adopt Hong Kong law” and “allowing Hong Kong-invested enterprises to choose for arbitration to be seated in Hong Kong” as facilitation measures for Hong Kong investors; and removal of the period requirement on Hong Kong service suppliers to engage in substantive business operations in Hong Kong for three years in most service sectors.

    Paul Lam, secretary for justice of the HKSAR government, said on the social media that qualified Hong Kong-invested enterprises can choose to use Hong Kong law as the governing law for their contracts. He encouraged the business community to take full advantage of this new opportunity.

    Jonathan Choi, a member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of the Chinese General Chamber of Commerce of Hong Kong, recently pointed out that the agreement II covers multiple important system innovations, not only providing convenience for Hong Kong businesses entering the mainland market, but also offering broader legal service options for investors in the Guangdong-Hong Kong-Macao Greater Bay Area.

    It encourages more foreign investors to use Hong Kong as a springboard to invest in the Greater Bay Area, further consolidating Hong Kong’s role as a “super-connector” and “super value-adder”, Choi said.

    The mainland and Hong Kong signed CEPA in 2003. CEPA has now been upgraded to a comprehensive and modern free trade agreement and has brought significant economic benefits to Hong Kong.

    Since the implementation of CEPA, all products manufactured in Hong Kong that meet CEPA’s rules of origin can enjoy zero-tariff benefits when exported to the mainland. In addition, in terms of trade in services, the mainland and Hong Kong have essentially achieved trade liberalization.

    John Lee, chief executive of the HKSAR, mentioned on multiple occasions that the agreement II creates more favorable conditions for Hong Kong enterprises and professionals to enter the mainland market. He encouraged Hong Kong and global enterprises to make full use of the new preferential treatments under CEPA, to explore the continuous opportunities in the mainland market.

    On Feb. 19, the HKSAR government and the country’s Ministry of Commerce co-organized a forum on the agreement II to familiarize business sectors with the content and implementation arrangements of the relevant measures.

    Over 350 people, including representatives from local and foreign chambers of commerce, consulates, major trade associations and professional sectors, participated in the forum.

    Fan Shijie, director of the Department of Taiwan, Hong Kong and Macao Affairs under the Ministry of Commerce, said that through CEPA, the Central Government aims to strengthen open cooperation, supporting Hong Kong and global investors in their efforts to enter the mainland via Hong Kong.

    The Central Government also supports more Hong Kong enterprises in participating in major exhibitions such as the China International Import Expo, the Canton Fair, and the China International Fair for Trade in Services, providing matchmaking services for Hong Kong businesses to tap into the mainland market and share development opportunities, Fan added.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI Australia: Critical minerals and hydrogen production incentives now law

    Source: Australian Department of Revenue

    As part of the 2024–25 Budget, the Government announced its Future Made in Australia package to support Australia’s transition to a net zero economy. This package included 2 new, temporary tax incentives:

    These measures are now law.

    Critical Minerals Production Tax Incentive

    The CMPTI provides eligible companies with a refundable tax offset of 10 per cent of the eligible costs of processing certain critical minerals in Australia. The offset will be available for a maximum of 10 years between 1 July 2027 and 30 June 2040.

    The CMPTI is jointly administered by the ATO and the Department of Industry, Science and Resources.

    Hydrogen Production Tax Incentive

    The HPTI is a refundable tax offset of $2 per kilogram of eligible hydrogen produced by eligible companies. The HPTI applies to eligible hydrogen produced in income years between 1 July 2027 and 30 June 2040, for a maximum of 10 years.

    The HPTI is jointly administered by the ATO and the Clean Energy Regulator.

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    MIL OSI News –

    March 3, 2025
  • MIL-OSI United Kingdom: Young people urged to ‘Think Fraud’ over rent offers

    Source: United Kingdom – Executive Government & Departments

    News story

    Young people urged to ‘Think Fraud’ over rent offers

    New data shows 18 to 39 year olds account for almost 3 quarters of rental fraud reports as phase 2 of nationwide ‘Stop! Think Fraud’ campaign launches.

    Young people aged between 18 and 39 account for almost three quarters of cases of rental fraud, according to exclusive National Fraud Intelligence Bureau (NFIB) data released by the Home Office today.

    Rental fraudsters typically target their victims by offering access to properties that do not exist, or which are not theirs to rent, often using fake details and photos, and usually offering prices at well below market rate. To secure the property or even arrange a viewing, they will usually demand a deposit or the first month’s rent, and many individuals desperate to find a home will make the upfront payment to avoid missing out.

    According to the NFIB data, the resulting fraud losses amounted to nearly £9 million across around 5,000 reported cases last year. The 18 to 29 age group accounted for 48% of all reported rental fraud cases in England, Wales, and Northern Ireland last year, with the 30 to 39 age group accounting for 25%.

    With many students and young workers using the spring months to search for new rented accommodation, Home Office ministers are urging renters to avoid rushing into a quick decision or paying over any money for a property before they have viewed it in person.

    And with rental fraud often taking place through properties advertised on social media websites, the government is also renewing its calls for tech companies to go further and faster to tackle fraud on their platforms ahead of convening the next Joint Fraud Taskforce meeting later this month.

    Fraud Minister Lord Hanson said:  

    Rental fraud is an utterly shameful crime, and this new data should serve as a stark reminder that anyone can be a victim. It doesn’t matter how streetwise and tech-savvy you are, fraudsters will get to anyone who doesn’t stop and think before handing over their money.

    That’s why I am determined to root out fraud from our society, crack down on the callous criminals behind it, and ensure that stronger protections are put in place by the tech companies on whose platforms much of this fraud takes place.

    The Home Office will be making progress on all of those issues through the next phase of our Stop! Think Fraud campaign, and the new, expanded fraud strategy we are developing this year as part of this government’s Plan for Change.

    Oliver Shaw, Commander for Fraud and Cybercrime, City of London Police, said:

    Young people are disproportionally targeted by criminals whilst they look for new accommodation or housing opportunities. This can result not only in a devastating financial loss but can also lead to a negative impact on their mental health. The data from the National Fraud Intelligence Bureau highlights clearly how much of a critical issue this is in affecting 18 to 29 year olds.

    That’s why we, as the national lead force for fraud, continue to support the Stop! Think Fraud campaign’s ongoing efforts to raise awareness of this vital issue. And we continue to work to highlight emerging cybercrime and fraud types that could be a threat, understanding the importance of reporting, and advocating ways the public can prevent themselves from becoming victims of fraud.

    The new figures are published on the same day as the National Cyber Security Centre (NCSC) – part of GCHQ – launches the second phase of a nationwide campaign encouraging individuals and small businesses to set-up 2-step verification (2SV) on their most important accounts.

    2SV adds an extra layer of security, making it much harder for attackers to access your accounts even if your password is compromised.

    NCSC Chief Operating Officer Felicity Oswald said: 

     Online fraudsters are constantly finding new ways to trick you into sharing personal information or money, but thankfully, there are ways to protect yourself. 

    Today, we’re launching a nationwide campaign urging everyone to strengthen their security by enabling 2SV, which adds an extra layer of protection to keep your accounts safe. 

    Toughen up your online security by enabling 2SV today – usually found in the security settings of your accounts – and keep the fraudsters out.

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    Published 3 March 2025

    MIL OSI United Kingdom –

    March 3, 2025
  • MIL-Evening Report: Activists scale NZ building in protest against global weapons company

    By Kate Green , RNZ News reporter

    Protesters have scaled the building of an international weapons company in Rolleston, Christchurch, in resistance to it establishing a presence in Aotearoa New Zealand.

    Two people from the group Peace Action Ōtautahi were on the roof of the NIOA building on Stoneleigh Drive, shown in a photo on social media, and banners were strung across the exterior.

    Banners declared “No war profiteers in our city. NIOA supplies genocide” and “Shut NIOA down”.

    In late December, the group hung a banner across the Bridge of Remembrance in a similar protest.

    In 2023, the global munitions company acquired Barrett Firearms Manufacturing, an Australian-owned, US-based manufacturer of firearms and ammunition operating out of Tennessee.

    According to the company’s website, its products are “used by civilian sport shooters, law enforcement agencies, the United States military and more than 80 State Department approved countries across the world”.

    In a media release, Peace Action Ōtautahi said the aim was to highlight the alleged killing of innocent civilians with weapons supplied by NIOA.

    NIOA has been approached for comment.

    Police confirm action
    A police spokesperson said they were aware of the protest, and confirmed two people had climbed onto the roof, and others were surrounding the premises.

    In a later statement, police said the people on the ground had moved. However, the two protesters remained on the roof.

    “We are working to safely resolve the situation, and remove people from the roof,” they said.

    “While we respect the right to lawful protest, our responsibility is to uphold the law and ensure the safety of those involved.”

    Fire and Emergency staff were also on the scene, alongside the police Public Safety Unit and negotiation team.

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-OSI Australia: Next stage of clean-up set to start at former Truegain site

    Source: New South Wales Government 2

    Headline: Next stage of clean-up set to start at former Truegain site

    Published: 3 March 2025

    Released by: Minister for Lands and Property, Minister for Regional Transport and Roads


    The Minns Labor Government is set to launch the next stage of a major project to clean up the former Truegain industrial site in the Lower Hunter region.

    Ford Civil has been appointed by Property and Development NSW (PDNSW) on a $5.3 million project to remediate contaminated soil across almost 1.2 hectares of the former oil refinery at Rutherford near Maitland.

    The second stage of work will be guided by a Remediation Action Plan, developed by Property and Development NSW and environmental consultant Ramboll. The remedial works will involve the removal of concrete slabs, excavation of contaminated soil and subsurface infrastructure, backfilling the excavation with clean soil and revegetating or resealing the area. The proposed works have been reviewed and endorsed by a NSW EPA accredited site auditor.

    The first stage of the project was completed in 2023 and involved the removal of more than 11,000 tonnes of industrial liquid waste, sludge and above ground infrastructure including storage tanks from the site.

    The Truegain site was abandoned in 2016 after the company lost its trade waste permit, had its environment protection licence suspended and entered into liquidation.

    In 2021, the NSW Environment Protection Authority (EPA) brought proceedings against Truegain director and former owner Robert Pullinger to recover the cost of cleaning up the site. The Land and Environment Court of NSW ordered Mr Pullinger to pay $1.2 million towards the EPA’s costs.

    Stage 2 work is expected to start in the coming weeks and be completed by the end of the year.

    For more information on remediation of the former Truegain site, visit the Truegain site remediation webpage. 

    Minister for Lands and Property Steve Kamper said:

    “I understand the local community has been waiting for this site to be cleaned up for over a decade.

    “Since coming into Government, we have worked to clean up this site so it can be remediated for future use.

    “PDNSW’s Environmental Management Group has done great work across multiple former industrial sites to clean them up and allow them to be re-used safely by local communities. Sites include the former Waratah Gasworks in Newcastle and former Hunters Hill radium hill refinery in Sydney.”

    Member for Maitland, Jenny Aitchison said:

    “The former Truegain site has been a difficult contamination issue for our community over many years. This next stage of remediation work brings us another step closer to finally putting this matter behind us.

    “I am grateful to the NSW Labor government for continuing to invest in the site for the benefit of everyone in Maitland.

    “Once Stage 2 works are completed, we will explore options to return this site for future community industrial use.”

    Property and Development NSW Environmental Management Group Executive Director, Peter Graham said:

    “We are delighted to appoint Ford Civil to lead this important remediation work that will return the former waste oil processing site for future safe industrial use.

    “The Environmental Management Group will work closely with Ford Civil and the NSW EPA Auditor to ensure this legacy contamination is safely remediated and the risk to human health or the surrounding environment is removed.”

    Ford Civil Chief Executive Officer Alan Gordon said:

    “Ford Civil Contracting are proud to be selected to undertake the remediation works at the former Truegain industrial site. The strategy will include the mitigation and removal of environmental contaminants onsite making it safe for future re-development.

    “Ford Civil has extensive experience in the delivery of complex design and construct civil engineering and remediation contracting activities. This includes the recently completed 7.4-hectare former Newcastle gasworks remediation site at Hamilton North.”

    MIL OSI News –

    March 3, 2025
  • MIL-Evening Report: Labor gains in Redbridge poll of marginal seats and seizes lead in a Morgan poll

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    A poll of 20 marginal seats by Redbridge and Accent Research was conducted for the News Ltd tabloids on February 20–25, from a sample presumably over 1,000. The Coalition led by 50.5–49.5, a 1.5-point gain for Labor since the February 4–11 marginals poll.

    Labor won the 2022 election by 52–48 and won the marginal seats polled by 51–49, implying a 1.5-point swing to the Coalition across these seats since the last election. If this poll were applied nationally, it suggests a Labor lead of 50.5–49.5.

    Primary votes were 41% Coalition (down two), 34% Labor (up one), 12% Greens (steady) and 13% for all Others (up one). Anthony Albanese’s net favourability was up five points to -11 while Peter Dutton’s was down two to -13. By 50–33, voters thought things were headed in the wrong direction (55–27 previously).

    While Labor improved overall in this poll, their position in the Victorian seats polled was dire, with an 8.4% two-party swing to the Coalition across the first two waves of this poll. State Labor is dragging down federal Labor.

    Labor gains lead in Morgan poll

    A national Morgan poll, conducted February 17–23 from a sample of 1,666, gave Labor a 51–49 lead by headline respondent preferences, a 2.5-point gain for Labor since the February 10–16 poll. This poll contrasted with the Resolve poll taken February 18–23 that gave the Coalition a 55–45 lead.

    Primary votes were 36.5% Coalition (down three), 31.5% Labor (up 3.5), 13.5% Greens (up one), 5% One Nation (down 0.5), 10% independents (steady) and 3.5% others (down one). By 2022 election preference flows, Labor led by 53–47, a four-point gain for Labor.

    By 49.5–34.5, voters said the country was going in the wrong direction (52.5–32.5 previously). The 15-point lead for wrong was the lowest since January 2024. Morgan’s consumer confidence measure jumped 4.7 points to 89.8.

    The Morgan poll and the Redbridge marginal seats poll both suggest movement to Labor since the Reserve Bank reduced interest rates on February 18. While the Coalition retained a narrow lead in YouGov, the primary votes implied a little movement to Labor.

    The graph below shows Labor’s two-party estimated vote in national polls, so the Redbridge marginals poll is excluded.

    Labor has not recovered the lead in a polling average, but the latest polls are far better for them than the Resolve poll last week.

    Coalition narrowly ahead in YouGov poll

    A national YouGov poll, conducted February 21–27 from a sample of 1,501, gave the Coalition a 51–49 lead by preference flows from YouGov’s MRP polls, in which Greens and One Nation preferences are both weaker for Labor than at the 2022 election. There was no change from YouGov’s last MRP poll, conducted from late January to mid-February.

    Primary votes were 37% Coalition (steady since the MRP poll), 28% Labor (down one), 14% Greens (up one), 8% One Nation (down one), 1% for Clive Palmer’s Trumpet of Patriots, 10% independents (up one) and 2% others (down one). By 2022 election preference flows, Labor would lead by about 50.5–49.5, a 0.5-point gain for Labor.

    Albanese’s net approval was up three points since YouGov’s last non-MRP poll in January to -12, with 52% dissatisfied and 40% satisfied. Dutton’s net approval was up four points to -2. Albanese led Dutton as better PM by 42–40 (44–40 previously).

    By 60–8, voters supported the government operating the Whyalla steelworks through a publicly owned company if no suitable private investor was found.

    Additional Resolve questions and seat polls

    The Resolve poll for Nine newspapers asked whether Donald Trump’s policies should be applied to Australia. Question wording has an impact: for example, “cutting waste from the public service” is a pro-Trump framing. A question that asked whether Australians approved or disapproved of Trump’s performance as US president would be preferable.

    In past elections, seat polls have been unreliable. The Poll Bludger reported last Wednesday that three polls of Western Australian federal seats had been conducted by JWS Research for Australian Energy Producers from a combined sample of 2,529.

    In Curtin, held by teal independent Kate Chaney, the Liberals held a huge primary vote lead of 56–28 over Chaney. In Bullwinkel, a new federal WA seat that is notionally Labor, Labnr’s primary vote had slumped 21 points to 15%, putting them in third place behind the Nationals and Liberals. However, there were only modest primary vote swings in Tangney, with Labor looking competitive to hold.

    There were also two uComms NSW federal seat polls. In Wentworth, held by teal independent Allegra Spender, Spender held a 57.2–42.8 lead over the Liberals. This poll was taken for Climate 200 on February 12 from a sample of 1,068. In Labor-held Gilmore, the Liberals led by 52.8–47.2. This poll was taken for the Australian Forest Products Association February 17–20 from a sample of 684.

    NSW Resolve poll: Labor’s primary vote slumps

    A New South Wales state Resolve poll for The Sydney Morning Herald, conducted with the federal January and February Resolve polls from a sample of over 1,000, gave the Coalition 38% of the primary vote (up one since December), Labor 29% (down four), the Greens 14% (up three), independents 11% (down two) and others 8% (up one).

    No two-party estimate was reported, but The Poll Bludger estimated a Coalition lead of about 51–49 from these primary votes. Labor incumbent Chris Minns led Liberal Mark Speakman by 35–14 as preferred premier (35–17 in December).

    On the rail dispute between the NSW government and the train union, 43% wanted the government to negotiate a better deal with the union, 26% wanted the government to refuse the union’s demands and 16% thought they should agree to the union’s demands in full.

    EMRS Tasmanian poll has little change

    An EMRS Tasmanian state poll, conducted February 11–18 from a sample of 1,000, gave the Liberals 34% of the vote (down one since November), Labor 30% (down one), the Greens 13% (down one), the Jacqui Lambie Network 8% (up two), independents 12% (up one) and others 3% (steady). Tasmania uses a proportional system, so a two-party estimate is inapplicable.

    Liberal Premier Jeremy Rockliff’s net favourability dropped five points to +10, while Labor leader Dean Winter was down eight to +6. Rockliff led Winter by 44–34 as preferred premier (43–37 in November).

    Adrian Beaumont 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. Labor gains in Redbridge poll of marginal seats and seizes lead in a Morgan poll – https://theconversation.com/labor-gains-in-redbridge-poll-of-marginal-seats-and-seizes-lead-in-a-morgan-poll-250614

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
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