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Category: Business

  • MIL-OSI United Kingdom: Chancellor to meet G20 finance ministers in South Africa

    Source: United Kingdom – Executive Government & Departments

    News story

    Chancellor to meet G20 finance ministers in South Africa

    At the G20 Finance Ministers and Central Bank Governors meeting in South Africa the Chancellor, Rachel Reeves, will make the case for defence investment, declaring that it’s the “bedrock of economic growth”.

    • Chancellor, Rachel Reeves, touches down in South Africa for the G20 Finance Ministers and Central Bank Governors meeting today, 26 February.
    • At the meeting Rachel Reeves will make clear that a strong defence is the “bedrock of economic growth” and make the case for “free and fair trade.”
    • Follows the PM’s commitment to boost the UK’s defence spending by £13.4 billion to 2.5% of GDP by 2027 and the British Government’s steadfast support for the people of Ukraine.

    Following the PM’s announcement yesterday, the Chancellor will state that in a dangerous world the UK will not shy away from bolstering defence spending and will set out our ambition to raise UK defence spending further to 3% by the next parliament, subject to economic and fiscal conditions. 

    Protecting national security to protect the economy will also be a key message that the Chancellor will set out on the global stage today as she attends the G20 Finance Ministers and Central Bank Governors meeting in Cape Town, South Africa. 

    The UK is already the third largest defence spender in NATO in cash terms, and this government has already boosted defence spending by almost £3 billion at the Autumn Budget. 

    The Chancellor will also reaffirm our commitment to European defence and encourage other European allies at the G20 to boost their defence spending in line with the UK in response to the security threats we face.   

    She will also discuss the possibilities for like-minded countries to mobilise private finance to maximise our financial resources for defence.

    The government’s commitment to invest in defence will protect UK citizens from threats at home but will also create a secure and stable environment in which businesses can thrive, supporting the Government’s number one mission to deliver economic growth.

    Chancellor of the Exchequer, Rachel Reeves said: 

    It’s clear we are facing a more dangerous world, and I will not hide from this reality. This is the moment for us all to step up – and together with our European partners we will go further and faster on defence. 

    National security will always be the first responsibility of this government and is the bedrock economic growth. Through intelligent investment, relentless reform, and free and fair trade – the most reliable driver of global growth – we can deliver sustainable growth that puts more money into the pockets of working people. 

    The Chancellor is also expected to set out that she is a champion of free and fair-trade and, will continue to make the case for openness in a series of bilateral meetings with G20 finance ministers. 

    While in Cape Town the Chancellor will engage with best-in-class British firms in South Africa and visit Cape Town’s historic V&A Waterfront. The Chancellor is expected to welcome British companies including consultancy Turner & Townsend and engineering firm Arup winning new contracts to play a role in the site’s expansion, showcasing UK expertise in designing, planning, and building infrastructure around the world.  

    The Chancellor will also meet influential businesses and investors in South Africa, such as representatives from Old Mutual Limited, the Foschini Group, and Absa, at a private reception at the High Commissioner’s residence, where she will deliver a keynote speech highlighting growth and investment opportunities in the UK.

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft Winter Sports Games Start in Krasnoyarsk

    Translartion. Region: Russians Fedetion –

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

    The 13th Rosneft Winter Sports Games have opened in Krasnoyarsk. From February 25 to March 2, about 650 oil industry athletes from 41 teams of the Company’s subsidiaries will compete in winter sports such as hockey, cross-country skiing and biathlon. Men’s and women’s distances, as well as a relay race, are provided for skiers.

    The opening ceremony of the Winter Games was attended by Russian sports stars. The athletes were greeted by Olympic relay champion, skier Denis Spetsov and leading players of the CSKA hockey club.

    Rosneft’s summer and winter sports games bring together thousands of oil industry athletes every year. The first sports competitions were held in 2005 and have since become part of the Company’s corporate culture. The winter games are a shining example of effective promotion of a healthy lifestyle, strengthening the spirit of camaraderie, supporting mass sports and good traditions.

    Sports development is one of the main areas of Rosneft’s social policy. The company finances the construction of ice arenas, sports complexes and multifunctional sports grounds in the regions where it operates. Rosneft also supports amateur sports and carries out large-scale work to popularize a healthy lifestyle among both its own employees and the population in the regions where it operates.

    Reference:

    Rosneft athletes also take part in the main mass sports competitions held in our country, winning prizes. As part of the corporate sports and health movement “Energy of Life”, the Company’s employees regularly play sports and compete in various sports disciplines. In 2024, almost 128 thousand employees of the Company played sports as part of the “Energy of Life” movement. At the same time, more than 92 thousand employees took part in competitions in various sports.

    Department of Information and Advertising of PJSC NK Rosneft February 26, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Govt in all-out effort to attract talent

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan announced in his Budget speech today that the Government will enhance its talent-related schemes and promote the “Study in Hong Kong” brand by holding more global education conferences to trawl for talent.

    Mr Chan said that top talent will be invited to Hong Kong under the Quality Migrant Admission Scheme for development and both the Admission Scheme for Mainland Talents & Professionals and the General Employment Policy will be enhanced to allow young non-degree talent with professional and technical qualifications and experience to join skilled trades that face manpower shortages in the city.

    The Government will also launch enhancement measures to provide greater flexibility for the New Capital Investment Entrant Scheme, which has so far received more than 880 applications, with an expected investment of over $26 billion.

    In addition to planning the second “Global Talent Summit ˙ Hong Kong” that is scheduled to be held early next year, the Government will attract more students to study in Hong Kong via various measures including the Belt & Road Scholarship.

    To stimulate primary and secondary school students’ interest in innovation and technology, technology-related bodies including Cyberport have been invited to co-ordinate the efforts of more than 100 technology enterprises to engage in exchanges with the students to share frontier exploration and startup experience in technology through product displays and site visits in the coming year.

    On the post-secondary education front, Mr Chan highlighted that the Government will launch a new round of the Research Matching Grant Scheme, totalling $1.5 billion, to attract more organisations to support research endeavours and raise the quota of the Hong Kong PhD Fellowship Scheme to 400 places per year.

    As the self-financing post-secondary institutions complement publicly-funded ones in providing diversified articulation pathways, the Government has launched a new round of the Land Grant Scheme and the Start-up Loan Scheme, under which land sites are granted at a nominal premium with interest-free loans to support capacity expansion and quality enhancement of self-financing institutions.

    On the medical front, the Financial Secretary pointed out that the Task Group on New Medical School has invited local universities interested in setting up the third medical school to submit proposals. The task force expects to complete its assessment and formulate recommendations later this year. 

    He added that the Government will set aside resources to support universities in the development of the new medical school on a matching basis.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Business Leaders Sound Alarm on Global Economic Uncertainty, Call for Unified APEC Action Brisbane, Australia | 26 February 2025 APEC Business Advisory Council

    Source: APEC – Asia Pacific Economic Cooperation

    Amidst rising global economic tensions, the APEC Business Advisory Council (ABAC) met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and rules-based trade.

    Members expressed alarm at the escalating challenges posed by rising protectionism, regulatory complexity and other challenges including climate change, aging populations, declining growth rates for member economies and the business environment. Global uncertainty impacts trade flows, business planning and investment decision-making. Now more than ever, business and government must come together for the benefit of all.

    Economies must remain alert to emerging and disruptive technologies, including advancements in artificial intelligence and quantum computing, which offer both enormous promise and challenge to our economic development.

    “We must also redouble our efforts to put in place tangible enabling solutions like paperless trade, trade facilitation, resilient supply chains and other tangible items that ABAC 2025 aims for,” said ABAC Chair 2025 H.S. Cho.

    ABAC underscored the need for robust trade architecture, emphasising that a strengthened WTO and the APEC vision for a Free Trade Area of the Asia-Pacific (FTAAP) are vital counterweights to economic fragmentation. ABAC believes that this is the way to ensure fair, mutually beneficial trade as economies navigate the challenges of digital transformation and the climate crisis. 

    ABAC has adopted an ambitious theme for the year: “Bridge. Business. Beyond.” The 2025 work program emphasizes the role of business in connecting policymakers and stakeholders across the region, driving innovative growth, and shared prosperity.

    The ABAC work program is both visionary and practical.  For example, ABAC is looking at how to use digital tools like AI to promote small-business formalisation, create smart health systems, and tackle the carbon transition, including energy.  Economies must also urgently address gaps in infrastructure investment for energy security, energy transition, and digital transformation.

    ABAC wants to use the FTAAP process to drive quick progress on safer and more resilient supply chains, advance digital trade interoperability, and unlock green trade. ABAC remains committed to breaking down the barriers to women’s economic success, including by being able to tap into the venture capital they need and by closing the gender pay gap.

    ABAC will also develop recommendations to narrow the digital divide by using digital tools including AI, to support MSMEs to transition to the formal economy and access global markets.

    On meeting the challenges posed by aging populations, rising healthcare costs, and inequities in accessing medical services, ABAC will be developing recommendations for innovative, inclusive and smart health care systems. This will incorporate sustainable financing mechanisms, advanced health care models and the integration of digital health tools to enhance accessibility, efficiency and resilience of healthcare systems.

    To meet decarbonization goals amid rising electricity demand, ABAC will also develop recommendations to achieve a realistic and ambitious energy transition by utilizing advanced technologies to increase low carbon investments and expanding transition finance, supported by international cooperation and the development of low-carbon roadmaps.

    In a series of dynamic discussions with APEC Senior Officials, ABAC members sought to align priorities to produce actionable recommendations for leaders. “These discussions are the first of many interactions that we will have with policymakers and ministers this year.  We are keen to ensure that the business perspective is woven into key policy decisions,” the Chair added.

    The Chair expressed ABAC’s deep gratitude to the Australian government, particularly to the Department of Foreign Affairs and Trade, for their support in hosting this meeting.

    ABAC will reconvene in late April in Toronto, Canada, as it continues to develop its recommendations to achieve APEC’s goals, for presentation to APEC Leaders during their meeting in October in Korea.

     

    For further information please contact:

    Hyungkon Park (Mr), ABAC Executive Director 2025  at +82 2 6050 3686 and [email protected]

    Antonio Basilio (Mr), Director of the ABAC Secretariat at +63 917 849 3351 and [email protected]

     

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Over 100 Chevening and Commonwealth Scholars return to Pakistan after UK studies

    Source: United Kingdom – Executive Government & Departments

    World news story

    Over 100 Chevening and Commonwealth Scholars return to Pakistan after UK studies

    British High Commissioner to Pakistan, Jane Marriott CMG OBE, welcomed back 43 Chevening and 71 Commonwealth Scholars, celebrating their studies in the UK.

    The 2023-24 cohort include scholars from every part of Pakistan, studying public policy, health sciences, climate change, and business at institutions across the UK.  As they return, these scholars become part of a thriving network of over 3,500 alumni, spanning government, media, business, and civil society.  

    Many Chevening and Commonwealth alumni have become leaders in their fields, shaping policy and driving social change. Notable alumni include the Honourable Chief Justice of Pakistan, Yahya Afridi; the Honourable Supreme Court Judge, Justice Athar Minallah; Muhammad Ali Randhawa, Chief Commissioner of Islamabad Capital Territory; Zulfiqar Younis, Additional Secretary for Climate Finance; Abia Akram, Founder of the National Forum of Women with Disabilities; and Maha Kamal, Co-Chair of Women in Energy. 

    British High Commissioner, Jane Marriott CMG OBE, said: 

    “Chevening and Commonwealth scholarships are among the UK’s most prestigious opportunities for Pakistanis. These scholars return empowered by a world-class education, global networks, fresh ideas, and the ambition to create real impact in Pakistan. Studying at UK universities is no easy feat, and I offer them my highest congratulations.”  

    Oneir Raza, a scholar from Pakistan’s education sector, said:  

    “Chevening was a remarkable experience. Studying at the University of Cambridge allowed me to gain practical skills, learn from a diverse faculty, and connect with people from different cultures. Beyond academics, Chevening broadened my horizons and helped me build lifelong bonds. I am super grateful for this opportunity.” 

    The British High Commission has launched climate-focused Chevening alumni engagement initiatives, including debates on the impacts and solutions to climate change in Karachi, Lahore, and Islamabad, and a climate mentorship scheme pairing 13 mentees with 8 Chevening alumni mentors. These programmes are helping to grow Pakistani climate leadership, sparking critical dialogue, convening experts to come together to find tangible solutions to Pakistan’s climate challenges. 

    Applications for Commonwealth Scholarships will next open in September 2025. To find out more information, visit the CSC website. Applications for Chevening scholarships will open in August 2025. Interested candidates can register for alerts by visiting Chevening.

    Notes to editors 

    Commonwealth Master’s Scholarships – Commonwealth Scholarship Commission in the UK are highly competitive scholarships provided by the UK government to provide financial assistance to talented international students from across the Commonwealth nations who wish to pursue a postgraduate degree in the UK. In Pakistan, there are over 1,500 Commonwealth alumni to date. The scholarships have been available to Pakistani students since 1960.  

    Chevening Scholarships are the UK government’s global scholarships programme. Established in 1983, these scholarships support study at UK universities – mostly one-year Masters’ degrees – for students with demonstrable potential to become future leaders, decision-makers and opinion formers. In Pakistan, there are over 2000 alumni to date.

    For updates on the British High Commission, please follow our social media channels:

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Leicester’s communities take the spotlight at Light Up Leicester

    Source: City of Leicester

    LEICESTER’S vibrant communities are taking centre stage for Light Up Leicester as the festival returns to the city.

    Light Up Leicester 2025 will focus on the power of creative collaboration, with an incredible programme of community-driven activities accompanying stunning light installations, dazzling performances and colourful festival parades to make the event truly unique.

    The festival takes place from 12 to 15 March, and is free to attend.

    From young people creating artwork for the festival, to parades featuring hundreds of local participants, Leicester’s communities are at the heart of making the 2025 event happen.

    One installation, ‘The Roots of Our Tree’, is being created with the help of over 300 local young people. Working with Leicester-based arts charity Inspirate, participants have crafted metallic oak leaves, each inscribed with symbols representing their roots, heritage and culture.

    The Children’s Parade will showcase these leaves on the opening day of the festival, as  hundreds of young people process through Leicester’s streets at 11am. The leaves will then form part of an installation which will be on display throughout the rest of the festival.

    Shop windows across Leicester city centre will also be transformed into a dazzling art trail as part of ‘My Leicester: Future Stories’, created by Urban Canvas and Light Up Leicester founding partner, Art Reach. Local schools and community groups have worked together to produce vibrant light-painting photographs that celebrate ambition, hope and their visions of Leicester’s future.

    Juliet Martin, resident engagement manager at YMCA Leicestershire, said of one of the workshops: “Having Urban Canvas visit us and deliver light drawing workshops with some of our residents was a fantastic opportunity. We work with young people who are often excluded and who don’t get the opportunity to engage in creative workshops, so this was a really great offer and they loved it! They are excited about the festival and can’t wait to visit the city centre to see their artwork on display.”

    There are lots of other ways to get involved too – from ‘blinging up’ your bike and joining in with the Illuminated Bike Parade (Thursday 13 March, 6:30pm, register on the Light Up Leicester website), to enjoying interactive performances such as The Holi Experience by Nupur Arts (Friday 14 March, 6:30pm & 7:30pm), an exciting dance event filled with colour throwing and energy.

    Other highlights include:

    • Radiant Routes Opening Parade (Wednesday 12 March, 6pm): A luminous parade featuring dancers in glowing costumes, celebrating Leicester’s South Asian culture. To get involved in the parade please contact Nupur Arts at info@nupurarts.org.uk.
    • FierS à Cheval Festival Finale (Saturday 15 March, 7pm): A magical performance by French street theatre company Compagnie des Quidams, where glowing horses take to the streets.
    • Pop-Up Performances (Friday 14 and Saturday 15 March): Keep an eye out for captivating walkabout acts including The Pixel Project, Dry Bones, and Aquanauts Adrift as they bring spontaneous magic to the festival.
    • It’s (Lit)erati (Friday 14 and Saturday 15 March, 7pm & 9pm): A vibrant poetry experience curated by Literati Arts at St Martin’s Square.
    • Guided tour group walks (Wednesday 12 March at 6:45pm and Friday 15 March at 6:30pm): Bookable through the Light Up Leicester website events & activities page.

    Leicester’s businesses are also playing their part, offering tantalising discounts on dining during the festival. Diners can enjoy 25% off the total bill at Kayal, Herb, and Merchant of Venice, 20% off at the Queen of Bradgate, Middleton’s and Restaurant 1573, or enjoy three courses for £20 at Turtle Bay. There are lots more offers and deals available throughout the festival, full details can be found on the Light Up Leicester website offers page.

    “As a presenting partner and major sponsor of Light Up Leicester, BID Leicester is proud to be leading the festival’s marketing campaign and ensuring city centre businesses can make the most of this fantastic event”, said Simon Jenner, BID Leicester director.

    “With tens of thousands of visitors expected over four nights, it’s a brilliant opportunity for businesses to get involved, whether through special offers, themed events, or participating in the city-wide photographic window trail. Light Up Leicester brings an incredible buzz to the city, and we’re excited to see Leicester’s streets and businesses illuminated once again.”

    Leicester City Mayor, Sir Peter Soulsby said: “Light Up Leicester is a shining example of how communities and creativity can come together to make something truly special. This year’s festival showcases not only world-class light installations, but also the talents, stories and contributions of the people of Leicester. We look forward to welcoming people to our city for this spectacular event.”

    Light Up Leicester is also committed to making the festival accessible to everyone. There will be a dedicated Access Support Hub open every evening from 6pm to 10pm at the Visit Leicester Information Centre, and friendly staff will be ready to assist. Accessible tours are available to help support mobility around the festival for those with additional access needs, including rickshaws, box bikes and gazelles which can carry children and wheelchairs.

    From community-led parades to mesmerising light installations, Light Up Leicester 2025 promises something for everyone. Full details of the festival programme and participation opportunities can be found at lightupleicester.com

    Light Up Leicester is proudly presented by Leicester City Council, BID Leicester, Leicester Cathedral, and Art Reach, with the generous support of Arts Council England, the National Lottery Heritage Fund, Global Streets, PPL PRS, and headline sponsor Highcross.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Anyone can save a life

    Source: Mayor of London

    The chances of surviving a cardiac arrest drop by about 10% with every minute that passes. While defibrillation within 3-5 minutes of collapse can produce survival rates up to 50-70%.

    So, it is crucial for patients to receive bystander intervention before an ambulance arrives.

    Growing public knowledge of CPR and defibrillation, increases the chance of people being able to save a life.

    Analysis by the London Ambulance Service (LAS) has revealed that 150 neighbourhoods are ‘defibrillator deserts’ – where there is little or no access to a lifesaving device.

    The London Heart Starters Campaign aims to raise funds for an additional 200 public-access defibrillators in unlocked cabinets where they are needed most. In addition, the London Lifesaver Campaign aims to make the capital a city of lifesavers by equipping Londoners with CPR skills and helping them become familiar with using a defibrillator.

    The Transport for London (TfL) estate has 500 Public Accessible Defibrillators (PAD). Last year those PADs were called upon to be used over 60 times.

    Tomorrow, Members of the London Assembly Health Committee will visit Liverpool Street Station, where they will observe a pop-up London Lifesaver training. Also, a commuter whose life was saved will be reunited with the LAS crews who worked on him.

    MEDIA ARE INVITED TO ATTEND THIS FILMING/PHOTO OPPORTUNITY BY PRIOR ARRANGEMENT

    Location: Liverpool Street Station, Main Ticket Hall

    Date:  Thursday 27 February 2025

    Time: 10.30am-12pm  

    Interviewees will include:

    • Krupesh Hirani AM – Chair of the London Assembly Health Committee
    • Samantha Palfreyman Jones – Head of Community Resuscitation and Paramedic, LAS
    • Danny Bliss – Senior SHE Business Partner, TfL
    • Paul Benson – had a cardiac arrest at Liverpool Street Station. He was helped by bystanders and TfL staff using the station’s defibrillator. This joint effort kept him alive until LAS crews arrived, and he was later taken to a Heart Attack Centre.

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Financial hub status gets boost

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan this morning pledged that the Government will consolidate and enhance Hong Kong’s strengths as an international financial centre (IFC) to create more new growth areas.

    In his 2025 Budget Speech, Mr Chan said the key to consolidating and enhancing the strengths of Hong Kong as an IFC lies in institutional innovation, product innovation, a critical mass of enterprises and financial connectivity.

    To dovetail with the latest economic trends and corporate needs, Mr Chan said the Government will review listing requirements and post-listing ongoing obligations, evaluate listing-related regulations and arrangements to improve the vetting process, optimise the thresholds for dual primary listing and secondary listing, and review the market structure, including exploring the establishment of a post-delisting over-the-counter trading mechanism.

    Riding on the reduction in minimum price spreads to be implemented in the middle of this year, Hong Kong Exchanges & Clearing is reviewing with the Securities & Futures Commission (SFC) the trading unit system or the so-called “board lot” system.

    They will put forward proposed enhancements this year so that trading arrangements can better meet liquidity characteristics of shares of different sizes and investment needs as well as facilitate trading and improve efficiency.

    To meet the risk management needs of investors, the SFC will consult the market on the proposal to increase the position limits for key index derivatives, so as to enhance flexibility for investors to use the relevant derivatives while safeguarding financial safety.

    On product innovation, Mr Chan noted that the Government will soon promulgate a second policy statement on the development of virtual assets and conduct a consultation on the licensing regimes of virtual asset over-the-counter trading services and custodian services this year.

    It will also propose measures to promote gold market development this year.

    Additionally, the Government will explore enhancement measures to the legal and regulatory regime related to the issuance and transactions of digital bonds to promote the wider adoption of tokenisation in Hong Kong’s bond market.

    The finance chief said the Government will organise a flagship forum in the second half of this year to promote Hong Kong’s strengths in fixed income and currencies.

    Noting that the industry responded favourably to a pilot scheme on insurance-linked securities, with the issuance of six catastrophe bonds facilitated in Hong Kong and an issuance amount totalling over $5.8 billion, Mr Chan said the pilot scheme will be extended for three years.

    On fostering the development of the asset and wealth management industries, Mr Chan said the Government will formulate proposals on the preferential tax regimes for funds, single family offices and carried interest this year.

    He outlined that the proposals will include expanding the scope of “fund” under the tax exemption regime, increasing the types of qualifying transactions eligible for tax concessions for funds and single family offices, enhancing the tax concession arrangement on the distribution of carried interest by private equity funds.

    To keep attracting global capital to Hong Kong, the Government will be hosting the third edition of the Wealth for Good in Hong Kong Summit shortly under the theme “Hong Kong of the world, for the world”, showcasing Hong Kong’s strengths as a global hub for family offices.

    In addition, the inaugural Hong Kong Global Financial & Industry Summit will also be held to pool together global enterprises, funds and technologies through financial empowerment, thereby elevating the level of international co-operation of industries.

    Revealing that the People’s Bank of China and the Hong Kong Monetary Authority are working closely to implement the linkage of faster payment systems of both places, Mr Chan said he expected the round-the-clock real-time, small-value cross-boundary remittance service for residents in both places to be launched in the middle of this year at the soonest.

    The finance chief added that a public consultation on specific proposals of Mandatory Provident Fund “full portability” will be held this year.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Huawei’s OptiX OSN 9800 Series Retains “Leader” Position in GlobalData’s Core and Metro WDM Assessment Feb 26, 2025

    Source: Huawei

    Headline: Huawei’s OptiX OSN 9800 Series Retains “Leader” Position in GlobalData’s Core and Metro WDM Assessment
    Feb 26, 2025

    [Shenzhen, China, February 26, 2025] In its latest Core & Metro Packet-Optical Transport: Competitive Landscape Assessment, the world-renowned industry analysis firm GlobalData gave Huawei high marks for its flagship optical transmission product OptiX OSN 9800 series. Thanks to its leading technical architecture, ultra-large capacity, intelligent O&M capabilities, and the company’s mature global commercial practices, OptiX OSN 9800 once again ranked as a “Leader” with the highest score in the core and metro WDM fields. This further reinforces its leading position in optical communications.
    Huawei’s OptiX OSN 9800 Series Retained “Leader” Position in GlobalData’s Core and Metro WDM

    Huawei’s OptiX OSN 9800 series has made multiple technical breakthroughs and achieved comprehensive leadership in aspects ranging from transmission performance to network management.
    1. Ultra-high rate and ultra-large capacity
    Huawei’s OptiX OSN 9800 series supports a programmable rate of 400 Gbit/s to 1.2 Tbit/s per wavelength, as well as future evolution to a higher rate of 2 Tbit/s and beyond. The PBC non-linear compensation algorithm and new material technologies are used to extend the transmission distance by more than 20%. To date, Huawei’s 400G solution has been deployed on more than 200 networks in over 100 countries around the world, accelerating the commercial use of 400G+ networks.
    This series also supports a single-fiber capacity of 96 Tbit/s, and Super C+L band ultra-broadband spectrum to meet the capacity requirements for the next decade. In addition, it also provides Pbit/s-level optical switching capacity per subrack, facilitating data center interconnection.
    2. Energy saving and high efficiency
    OSN 9800 K36 is the industry’s first DC-oriented OTN platform. It uses the dual 3D orthogonal architecture and intelligent heat dissipation technology to double the switching capacity per slot and reduce the per-Gbit power consumption by 65%. In addition, the front-to-rear airflow design optimizes the energy efficiency of equipment rooms, enabling carriers to build green data centers.
    Compared with traditional solutions, Huawei’s OSN 9800 P32/P32C all-optical cross-connect products achieve 90% less device footprint and 60% less power consumption, achieving the best energy efficiency ratio in the industry.
    3. High availability and automatic O&M
    Huawei’s NCE-T transmission digital map solution provides automatic wavelength expansion planning, shortening the network expansion period from months to days. Moreover, the solution provides functions such as proactive assurance for availability risks and accurate fault diagnosis. With ASON, an E2E availability system covering prevention, recovery, and repair is established, improving the network availability to 99.999% and significantly reducing O&M costs.
    The OptiX OSN 9800 series has been widely implemented on global carrier networks in integrated transmission scenarios such as high-speed interconnection between data centers, home broadband, mobile bearing, and enterprise private lines. The flexible optical-electrical convergence architecture supports unified switching of OTN, SDH, packet, and OSU services, as well as integrating the all-optical cross-connect function, to provide carriers with ultra-broadband, elastic, and intelligent transmission solutions.
    According to the report, Huawei is ahead of competitors in terms of line ports, switching capacity, transmission capability, and network management. Emir Halilovic, Research Director of GlobalData, highlighted that Huawei’s OSN 9800 series products “define a new benchmark in terms of ultra-large capacity and intelligence features”.

    MIL OSI Economics –

  • MIL-OSI Economics: Huawei’s OptiX OSN 9800 Series Retains “Leader” Position in GlobalData’s Core and Metro WDM Assessment

    Source: Huawei

    Headline: Huawei’s OptiX OSN 9800 Series Retains “Leader” Position in GlobalData’s Core and Metro WDM Assessment

    [Shenzhen, China, February 26, 2025] In its latest Core & Metro Packet-Optical Transport: Competitive Landscape Assessment, the world-renowned industry analysis firm GlobalData gave Huawei high marks for its flagship optical transmission product OptiX OSN 9800 series. Thanks to its leading technical architecture, ultra-large capacity, intelligent O&M capabilities, and the company’s mature global commercial practices, OptiX OSN 9800 once again ranked as a “Leader” with the highest score in the core and metro WDM fields. This further reinforces its leading position in optical communications.
    Huawei’s OptiX OSN 9800 Series Retained “Leader” Position in GlobalData’s Core and Metro WDM

    Huawei’s OptiX OSN 9800 series has made multiple technical breakthroughs and achieved comprehensive leadership in aspects ranging from transmission performance to network management.
    1. Ultra-high rate and ultra-large capacity
    Huawei’s OptiX OSN 9800 series supports a programmable rate of 400 Gbit/s to 1.2 Tbit/s per wavelength, as well as future evolution to a higher rate of 2 Tbit/s and beyond. The PBC non-linear compensation algorithm and new material technologies are used to extend the transmission distance by more than 20%. To date, Huawei’s 400G solution has been deployed on more than 200 networks in over 100 countries around the world, accelerating the commercial use of 400G+ networks.
    This series also supports a single-fiber capacity of 96 Tbit/s, and Super C+L band ultra-broadband spectrum to meet the capacity requirements for the next decade. In addition, it also provides Pbit/s-level optical switching capacity per subrack, facilitating data center interconnection.
    2. Energy saving and high efficiency
    OSN 9800 K36 is the industry’s first DC-oriented OTN platform. It uses the dual 3D orthogonal architecture and intelligent heat dissipation technology to double the switching capacity per slot and reduce the per-Gbit power consumption by 65%. In addition, the front-to-rear airflow design optimizes the energy efficiency of equipment rooms, enabling carriers to build green data centers.
    Compared with traditional solutions, Huawei’s OSN 9800 P32/P32C all-optical cross-connect products achieve 90% less device footprint and 60% less power consumption, achieving the best energy efficiency ratio in the industry.
    3. High availability and automatic O&M
    Huawei’s NCE-T transmission digital map solution provides automatic wavelength expansion planning, shortening the network expansion period from months to days. Moreover, the solution provides functions such as proactive assurance for availability risks and accurate fault diagnosis. With ASON, an E2E availability system covering prevention, recovery, and repair is established, improving the network availability to 99.999% and significantly reducing O&M costs.
    The OptiX OSN 9800 series has been widely implemented on global carrier networks in integrated transmission scenarios such as high-speed interconnection between data centers, home broadband, mobile bearing, and enterprise private lines. The flexible optical-electrical convergence architecture supports unified switching of OTN, SDH, packet, and OSU services, as well as integrating the all-optical cross-connect function, to provide carriers with ultra-broadband, elastic, and intelligent transmission solutions.
    According to the report, Huawei is ahead of competitors in terms of line ports, switching capacity, transmission capability, and network management. Emir Halilovic, Research Director of GlobalData, highlighted that Huawei’s OSN 9800 series products “define a new benchmark in terms of ultra-large capacity and intelligence features”.

    MIL OSI Economics –

  • MIL-OSI: HTX DAO Solidifies Leadership at Consensus Hong Kong 2025, Justin Sun Unveils Strategic Growth Initiatives

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — HTX DAO recently hosted a series of impactful events during Consensus Hong Kong 2025, highlighting its expanding influence within the Web3 and blockchain space. The events, including the Jinse Salon, co-hosted with Jinse Finance, Twinkle, HTX DAO, and OpenZK; the Justin Sun’s Meetup and the HTX DAO Victoria Harbour Night – Confidence Journey in Hong Kong, fostered critical discussions on industry trends, regulatory developments, and the evolving digital asset landscape. These events attracted significant participation from Web3 builders and crypto-native communities. Justin Sun, Global Advisor of HTX and founder of TRON DAO, alongside HTX Spokesperson and HTX DAO Ambassador Molly (@HTX_Molly), delivered speeches addressing platform growth, industry outlook, and security infrastructure.

    These events cemented HTX DAO’s leadership in the crypto industry while reinforcing its commitment to compliance, innovation, and sustainable ecosystem development.

    HTX Expands CIS Market, Prioritizes AI Integration

    At the HTX DAO Victoria Harbour Night, Sun highlighted HTX’s strong performance over the past year, noting exponential growth in user acquisition, market share, asset listings, and security enhancements.

    In 2024, HTX’s global registered users surpassed 49 million, surpassing the 50 million milestone in January 2025. The trading volume of major cryptocurrencies surged by 473%, P2P trading volume soared 452%, and market share climbed 471%. Levering its robust crypto screening mechanism, HTX listed 218 premium assets, with 171 debuting exclusively on the platform. Futures products—a key growth driver—saw $900 billion in trading volume, marking a 70% year-over-year increase. On the security front, HTX published Merkle Tree Proof of Reserves (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.

    Additionally, Sun shared his view that AI has great potential in the crypto space, particularly in the creation of expert models. HTX is actively developing AI-powered products based on DeepSeek, aiming to transform AI interaction within cryptocurrency markets.

    Sun further confirmed his collaboration with the Trump family-backed World Liberty Financial (WLFI), citing synergies between WLFI’s mission to bridge traditional finance and crypto and Trump’s pro-crypto stance. This partnership will enable exclusive asset listings on HTX and capitalize on the “Trump Effect” to capture emerging market trends.

    $HTX Utility and Governance Enhancements

    During the HTX DAO Victoria Harbour Night, Sun reiterated his commitment to enhancing the utility and liquidity of $HTX, revealing that the token will soon be listed on a major regulated exchange, expanding its use cases and increasing market adoption.

    Molly, speaking at the Jinse Salon, highlighted HTX DAO’s role as a crypto builder, boosting the industry’s long-term viability. She emphasized the DAO’s community-first approach, leveraging HTX’s strengths in asset curation, liquidity, content development, product innovation, and security. HTX DAO, in collaboration with its governance committee, will continue fostering decentralized governance, user autonomy, and ecosystem expansion. Additionally, the DAO will also empower ecosystem contributors, providing funding and strategic support to create a more transparent and inclusive crypto landscape.

    Security: The Bedrock of a Sustainable Crypto Ecosystem

    Security remains a top priority for HTX, with Sun repeatedly stressing its importance across multiple panel discussions. “Every business decision and product development must be security-first. Protecting user assets is not just a responsibility—it’s the foundation of a sustainable crypto ecosystem,” he stated.

    At the Justin Sun’s Meetup on February 21, Sun outlined HTX’s next-phase security strategy, calling for enhanced multi-signature support, stronger security alerts, and anti-scam mechanisms to protect users from phishing and fraud.

    He also elaborated on the launch of USDD 2.0, a next-gen stablecoin designed for long-term viability, risk mitigation, and technology robustness. He emphasized that USDD’s long-term success hinges on a strong team and leadership, robust technology, and effective community governance. He further stressed the importance of steady progress and preventing sudden project failure due to security or other issues, thereby ensuring sustainable growth.

    As Hong Kong advances as a global fintech and digital asset hub, HTX DAO’s engagements at the Consensus 2025 aligned with the city’s growing commitment to blockchain innovation and regulatory clarity while bridging global tech innovations and ecosystem growth. Through ongoing collaboration with the global crypto community, HTX DAO aims to unlock new opportunities in the digital asset space, driving the next wave of Web3 adoption and financial transformation.

    About HTX DAO

    As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.

    Contact Information
    Website: www.htxdao.com
    Email Address: media@htxdao.com

    HTX
    Ruder Finn Asia
    htx@ruderfinn.com/
    contact@htx.com

    Disclaimer: This press release is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ee2ca648-fcc8-4098-b0d5-598b24b60465

    https://www.globenewswire.com/NewsRoom/AttachmentNg/461ca8a0-e346-4012-97bc-14702cc8fc01

    The MIL Network –

  • MIL-OSI: Correction: The 2024 Annual Report of the Bank of Åland Plc has been published

    Source: GlobeNewswire (MIL-OSI)

    Correction: Added a missing attachment in the Swedish version.

    Bank of Åland Plc
    Annual Financial Report
    February 26, 2025, 9.30 EET

    The 2024 Annual Report of the Bank of Åland Plc has been published
    The Annual Report for 2024 of the Bank of Åland Plc (Ålandsbanken Abp), including the 2024 corporate governance report, was published today in Swedish and English. The Compensation Report and the Capital and Risk Management Report were published as separate documents at the same time. 

    The financial reports in Swedish are being published in compliance with European Single Electronic Format (ESEF) reporting requirements. In line with ESEF requirements, the primary portions of the consolidated financial statements have been marked up with XBRL tags.

    The authorised public accounting company KPMG Oy has provided an independent auditors’ affidavit of reasonable assurance about the Bank of Åland Plc’s ESEF financial statements. 

    The Annual Report, the Compensation Report and the Capital and Risk management Report are available for downloading from our website:

    Annual Report

    https://www.alandsbanken.fi/uploads/pdf/result/arsredovisn2024en.pdf

    Compensation Report

    https://www.alandsbanken.fi/uploads/pdf/result/ersattningsrapport2024en.pdf

    Capital and Risk Management Report

    https://www.alandsbanken.fi/uploads/pdf/result/capital-and-risk-management-report_2024en.xlsx

    Bank of Åland Plc   

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland, tel +358 40 512 7505 

    Attachments

    The MIL Network –

  • MIL-OSI: MROpenEVO at ECR 2025 with an AI-ready upgrade for further enhanced image quality and faster examinations; new system soon available in Georgia

    Source: GlobeNewswire (MIL-OSI)

    GENOA, Italy, Feb. 26, 2025 (GLOBE NEWSWIRE) — Unlocking the future of joint and spine imaging with the Latest Evolution of MROpenEvo: the only truly open MRI System at ECR 2025.

    Thanks to the optimization of key technical features, the latest version of the helium-free, MgB2-based MRI scanner delivers exceptional image quality while reducing scan times by up to 50%.

    Discover the innovative features of MROpenEvo, a groundbreaking MRI system specifically designed for joint, neuro, and spine imaging. It offers ample space for children, larger patients, and individuals with claustrophobia, ensuring comfort for all.

    The new image acquisition algorithm, based on the “compressed sensing” technique, combines parallel imaging with sparse data sampling and iterative reconstruction. This combination leads to faster scan times and enhanced resolution. The “compressed sensing” technique is applicable to both 2D and 3D sequences across all anatomies.

    In the meantime, the patient centric design MRI system developed by ASG Superconductors arrives in another new country: MROpenEvo will be shortly available in Georgia @ Tbilisi State Medical University and Ingorokva High Medical Technology University Clinic.

    Prof. Giorgi Ingorokva declared: “I am proud announcing that our hospital will be the first clinic in Georgia to install the groundbreaking Open MRI system. It will enhance diagnostic capabilities and improve patient care in the region.”

    Nowadays MROpen Evo is available in USA, Canada, UK, Italy, Portugal, Kuwait, and the innovative MgB2 superconducting technology – the key element driving the unique and distinctive open design – has reached over 2.5 million hours of operation.

    Join us at ECR2025 in Vienna, Hall X4, Booth 410, to experience MROpen Evo with our experts and discover how this innovative and unparalleled MRI system can enhance your practice.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Contact:

    Silvia Frigato Bonello
    frigato.silvia@as-g.it 

    Luca Pezzoni
    lpezzoni@hofima.it 

    The MIL Network –

  • MIL-OSI: Lantronix Selects Redtree Solutions Ltd to Serve as a Manufacturer’s Rep for Its Open-Q Family of Embedded Compute Solutions in EMEA

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a strategic partnership with Redtree Solutions, the largest manufacturer representative in EMEA, to represent its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions throughout Europe, the Middle East and Africa (EMEA).

    Designed to broaden Lantronix’s market presence in EMEA, this relationship expands access to Lantronix’s advanced SOMs and Development kits, which provide the fastest, easiest and most cost-effective path for developers to create ground-breaking products.

    “In response to the growing demand for cost-effective embedded compute development solutions, we are delighted to add Redtree Solutions to our network of trusted partners and are excited about growing our business with them in EMEA,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix.

    “By leveraging Redtree Solutions’ embedded connect expertise and expansive customer relationships, this alliance is poised to accelerate the adoption of Lantronix’s Open-Q solutions across EMEA,” Hoff added. “This relationship represents a significant milestone in Lantronix’s ongoing commitment to deliver innovative solutions throughout EMEA and the world at large.”

    “We are pleased to partner with Lantronix and add the immense value in offering Lantronix’s world-class embedded compute solutions to our mutual customers,” said Steve Judge, president of Redtree Solutions. “This collaboration aligns perfectly with our mission to deliver leading-edge technologies that enable our customers to innovate, differentiate and speed breakthrough solutions to market.”

    About Redtree Solutions Ltd.

    Redtree Solutions, founded in 2006 and now a group company within Crest Holding BV, is the largest Pan-European representative company in the Semiconductor Industry. It has greater than 48 people at your service, speak local languages, and cover more than 20 countries across EMEA, with more than 500 active customers from the Electronic Industry. Redtree invests in next-generation technologies for the benefit of its customers’ success. Its application team is devoted to helping customers find the most optimized architecture for their electronic systems use cases, with the help of our partners’ solutions and expertise.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI: UXLINK Launches Groundbreaking AI Growth Agent to Revolutionize Web3 User Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Powered by DeepSeek V3, the first-of-its-kind AI solution automates user growth tasks, slashes operational costs, and ignites a sustainable Web3 growth cycle; 30-day free trial available for ecosystem partners.

    SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — UXLINK, the world’s largest Web3 social infrastructure platform, today announced the launch of its groundbreaking UXLINK AI Growth Agent on its official X platform (formerly Twitter). This innovative product marks a major breakthrough in user acquisition within the Web3 space, further strengthening UXLINK’s social growth layer.

    Powered by DeepSeek V3 technology, the UXLINK AI Growth Agent is the first AI-driven solution designed specifically for Web3 user expansion. It automates repetitive tasks to drastically reduce operational costs, allowing teams to focus on high-value strategic initiatives. Additionally, the AI Growth Agent establishes a sustainable growth cycle by optimizing operational strategies and user incentive mechanisms, resulting in a highly efficient social media ecosystem.

    According to UXLINK, users can build an intelligent, AI-driven operational system in just three simple steps:
    1. Quick Setup: Enable fast deployment of the AI Growth Agent within existing workflows, with minimal configuration.
    2. AI-Powered Automation: Streamline daily operational tasks through intelligent automation, freeing up time and resources for strategic growth efforts.
    3. Growth Flywheel: Launch an AI-driven growth flywheel that transforms basic operations into significant user growth, creating a continuous, self-reinforcing cycle of expansion.

    To show appreciation for ecosystem partners who have continuously supported the enhancement of $UXLINK’s value, UXLINK is offering a 30-day free trial of the AI Growth Agent. During this period, partners can explore its powerful features and experience its potential in driving business expansion firsthand.

    In line with UXLINK’s “INSIDE-OUT” strategy of leveraging internal AI capabilities for external growth, the Head of Community at UXLINK commented on the launch: “UXLINK has always been a heavy AI user, leveraging its high efficiency internally. Now we are bringing AI-powered social growth to the entire ecosystem with a strong focus on user expansion. Growth is an eternal need in Web3, and UXLINK leads in social-driven growth strategies.”

    As AI technology continues to merge with Web3 social applications, users can expect richer and more efficient social experiences. The introduction of the UXLINK AI Growth Agent not only benefits UXLINK’s own ecosystem but also provides the wider industry with innovative growth strategies and solutions.

    UXLINK invites Web3 projects and partners to take advantage of the AI Growth Agent’s 30-day free trial and discover its impact on user growth. For more information or to get started, please visit UXLINK’s official website or contact the UXLINK team.

    About UXLINK: UXLINK is the world’s largest Web3 social platform and infrastructure provider, dedicated to building an interconnected, innovative, and user-centric ecosystem. By seamlessly connecting users, developers, and partners, UXLINK leverages blockchain technology to provide a secure, transparent, and rewarding social experience for its global community.

    Media Contact:
    Website: https://www.uxlink.io/

    UXLINK : admin@uxlink.io
    Twitter : https://x.com/UXLINKofficial
    Telegram: https://t.me/uxlinkofficial
    CMC: https://coinmarketcap.com/currencies/uxlink/

    PR Contact:
    Rachita Chettri
    MediaX Agency
    contact@mediax.agency

    Disclaimer: This press release is provided by UXLINK. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47c094aa-2f16-45f4-bc2f-626d94cd30e8

    The MIL Network –

  • MIL-OSI Economics: Shaping a Brighter Future for Asia and the Pacific: ADB President Asakawa’s Legacy

    Source: Asia Development Bank

    Transcript

    In January 2020, President Masatsugu Asakawa took the helm of the Asian Development Bank with a vision for sustainable growth and regional cooperation. Little did he know that two months later, the world would face an unprecedented crisis—the COVID-19 pandemic. As the pandemic swept across countries, President Asakawa recognized the urgency and mobilized ADB’s resources to respond swiftly.

    Masatsugu Asakawa
    President
    Asian Development Bank
    2020-2025

    “In a crisis, every moment counts. I’m proud that ADB acted decisively when our members needed us most.”

    Under his leadership, ADB launched a $20 billion assistance package, including the COVID-19 Pandemic Response Option (CPRO) and a $9-billion Asia Pacific Access Facility (APVAX) to help countries procure and distribute drugs.

    Amidst the global health crisis, another pressing challenge demanded attention—climate change. At COP26 in Glasgow, President Asakawa reaffirmed ADB’s climate leadership.

    “We can’t afford to wait on climate action. That’s why we pledged at least $100 billion in climate financing by 2030 and pioneered innovative tools like the Energy Transition Mechanism and IF-CAP to drive real change.”

    Under his guidance, ADB became the region’s “climate bank,” promoting sustainable, inclusive growth while addressing environmental challenges. President Asakawa advocated action to help developing member countries become more resilient against climate change impacts, such as extreme heat and accelerated glacial melt.

    “Climate action has been a top priority for ADB, and for me personally. Throughout my presidency, ADB has intensified efforts to address the climate crisis— with initiatives focused on protecting vulnerable areas like the Hindu Kush-Himalaya region.”

    Alongside these initiatives, President Asakawa never lost sight of the people behind ADB’s success—its staff. In response to the COVID-19 pandemic, he introduced flexible work arrangements and prioritized safety measures.

    “Our people are the heart of ADB. Their safety and well-being come above all else. By fostering a supportive and inclusive environment, we empower our staff to deliver their best for the communities we serve.”

    In a critical moment, President Asakawa orchestrated the evacuation of 120 ADB staff and their families from Afghanistan. His actions not only safeguarded lives but reinforced a culture of care within the ADB community.

    Looking beyond immediate crises, President Asakawa also focused on building stronger foundations for the future. He championed domestic resource mobilization, helping countries strengthen their financial resilience.

    “True progress is when countries stand on their own feet. Our role is to help them build that foundation, strengthening their ability to create sustainable growth and resilience for future generations.”

    Through initiatives like the creation of the Asia Pacific Tax Hub,  ADB has helped strengthen tax systems, improve governance, and secure social safety nets for people across the region.

    Understanding that the region’s prosperity depends on cooperation, President Asakawa reinforced the importance of robust partnerships to rejuvenate trade and improve supply chains.

    “Asia and the Pacific has benefited immensely from globalization. With the looming threat of protectionism, our region must continue to champion connectivity and collaboration.”

    To support his ambitious goals, President Asakawa also spearheaded significant transformation within ADB. A review of the Capital Adequacy Framework unlocked an additional $100 billion in lending capacity over the next decade.

    Meanwhile, the new operating model introduced strategic shifts to expand private sector operations, intensify climate action, drive innovation, and locate staff closer to clients to strengthen support and responsiveness.

    These initiatives align with the MDB evolution agenda, ensuring ADB remains a key player in global development.

    “To meet tomorrow’s challenges, we must evolve today. Innovation isn’t just an option. It’s an imperative.”

    As his tenure comes to a close, President Asakawa leaves a strengthened, future-focused ADB.

    His vision encourages ADB to stay invested in the region’s success and responsive to emerging challenges. And he reminds us that building trusted, long-term partnerships is key to driving meaningful change.

    “ADB’s strength lies in being a trusted development partner- a reliable friend and partner of choice for Asia and the Pacific. This close relationship is our legacy. And it’s vital we preserve it.”

    President Asakawa has guided ADB through challenging times with transformative leadership that has left an indelible mark on the organization and region. As we look to the future, his legacy sets the foundation for a prosperous, resilient, inclusive, and sustainable Asia and the Pacific.

    “I want to extend my heartfelt gratitude to ADB’s staff, Board of Directors, member governments, and our many partners. Together, we have achieved milestones that will continue to shape a brighter future for Asia and the Pacific.”

    MIL OSI Economics –

  • MIL-OSI Economics: Bridging Gaps for Noncommunicable Diseases and Mental Health: Leveraging Technology Innovations for Impact

    Source: Asia Development Bank

    The Manila knowledge-sharing event heard how innovative technologies could be used to better screen, diagnose, and manage NCDs and mental health conditions in various health settings. Sessions considered country case studies, regulations, and financing, and looked at ways digital health and improved early detection could help save lives and support sustainable and equitable regional growth.

    MIL OSI Economics –

  • MIL-OSI Economics: Securing Health in Southeast Asia

    Source: Asia Development Bank

    Drawing on interviews with leading public health practitioners, the publication details the experiences of Cambodia, Indonesia, the Lao People’s Democratic Republic, the Philippines, Thailand, Timor-Leste, and Viet Nam. Its recommendations include making sustained investments in health, driving strong stakeholder partnerships, and building robust digital infrastructure to help countries both prepare for future pandemics and strengthen overall regional health security.

    MIL OSI Economics –

  • MIL-OSI United Nations: 26 February 2025 News release WHO strengthens support for grassroots crowdsourcing campaign: a global movement of unity and solidarity

    Source: World Health Organisation

    What started as a grassroots initiative by a WHO staff member has grown into a global movement for health. Building on the success of the 1 Dollar 1 World campaign, the World Health Organization (WHO) is now amplifying and evolving the initiative to encourage more people around the world to show their solidarity.

    Inspired by an individual’s initiative, WHO is now backing the 1 Dollar 1 World movement, encouraging regions, countries, champions, and its own workforce to unite behind the effort. Together with the WHO Foundation, WHO will strengthen its efforts to create awareness about its critical work and engage communities worldwide.

    With this initiative, WHO is embracing a new approach by leveraging crowdfunding to support its mission. For the first time, WHO is activating its existing infrastructure – spanning 150 country offices – alongside the WHO Foundation’s reach, to amplify this grassroots movement. This strategic shift not only strengthens community engagement but also aligns with WHO’s broader strategy to diversify funding sources and support its ongoing Investment Round.

    Since its launch in early 2025, almost 5000 people from over 140 countries have contributed to the campaign through the WHO Foundation, created to bring together funders and high impact health initiatives to further the mission of WHO. The high level of success and engagement demonstrates that there is a broad sense of solidarity and shared commitment to global health. This campaign is not just about crowdfunding – it’s about people standing together to remind us that health is a right, not a privilege.

     “The power of the 1 Dollar, 1 World movement comes from the people. In particular, I would like to thank my colleague Tania Cernuschi for her inspiration to launch this initiative,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “It shows that in times of crisis, people everywhere can unite and commit to protecting and promoting the health of others. WHO is proud to stand behind this initiative, which embodies the values of solidarity, action, innovation and hope.”

    A moment for action

    The challenges global health has faced in recent years – from pandemics to humanitarian crises – make it clearer than ever that no one is safe until everyone is safe. The 1 Dollar 1 World movement is a chance for people everywhere to turn concern into action and show that solidarity, just like health, knows no borders.

    “This campaign started with one person, but it belongs to all of us,” said Tania Cernuschi, the WHO staff member who launched the original initiative. “It’s proof that individuals can make a difference, and that together, we are stronger.”

    Join the movement

    Media and the public are invited to support and share this movement. Every action – whether a donation, a post, or a conversation – helps spread the message that health should be for all, not just for some. Every stakeholder – whether a person, an organization, a community or a government – has a role in building efficient and effective collaboration for health.

    A grassroots campaign with global impact

    The 1 Dollar 1 World movement invites everyone to take action for global health in three simple ways:

    • Donate through the WHO Foundation – Every dollar counts. Contributions support WHO’s lifesaving work worldwide.
    • Share – Post a photo holding up your index finger to symbolize unity. Use #1Dollar1World & #HealthForAll, and link to the donation page.
    • Amplify – Encourage others to join the movement. More information is in the communications toolkit.

    All donations, collected by the WHO Foundation, support lifesaving efforts around the world, with a strong focus on country-level initiatives. These resources are essential in driving impactful implementation where it matters most based on the decisions of WHO’s 194 Member States. Together, we can drive real change.

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: Green sector a growth area: FS

    Source: Hong Kong Information Services

    In his 2025-26 Budget speech, Financial Secretary delivered an update on initiatives to harness green industries in Hong Kong, stressing that green finance and green technology are accelerating the build-up of multi-faceted industry clusters and creating huge business opportunities.

    In terms of green finance, Mr Chan iterated that Hong Kong last year launched the Sustainable Finance Action Agenda, setting out goals for the banking industry to achieve net zero, and committed to becoming one of the first jurisdictions to align local requirements on sustainability disclosure standards with those outlined in the International Financial Reporting Standards.

    He said that to support local green-finance talent training, the Pilot Green and Sustainable Finance Capacity Building Support Scheme will be extended to 2028. 

    The finance chief also reported that the Hong Kong Science and Technology Parks Corporation (HKSTPC) will develop its InnoCentre in Kowloon Tong into a green technology hub, to be named “GreenTech Hub”. The hub will bring together more than 200 green technology companies, with the HKSTPC inviting partners such as financial and business institutions and universities to support the companies by providing training, business matching, and more.

    With regard to shipping, the Government plans to develop Hong Kong as a green maritime fuel bunkering centre by the implementing the Action Plan on Green Maritime Fuel Bunkering. Mr Chan said the Government will provide tax exemptions on green methanol used for bunkering. In the aviation sector, meanwhile, a Sustainable Aviation Fuel consumption target will be announced this year.

    In terms of waste reduction, the Government will allocate additional funding of $180 million to increase the number of residential food waste smart recycling bins and food waste collection facilities across the city. I·PARK1, Hong Kong’s first waste-to-energy facility for treating municipal solid waste, is expected to commence operation this year, and an open tender has been invited for I·PARK2, which will have an expected treatment capacity of 6,000 tonnes per day. 

    Mr Chan announced that the Government will launch a $300 million electric vehicle subsidy scheme in the middle of the year, adding that the scheme is expected to provide impetus to for the industry to install 3,000 fast chargers across Hong Kong by 2030.

    In relation to public transport, the finance chief remarked that the Government recently launched a “Green Transformation Roadmap of Public Buses and Taxis” and earmarked $470 million under the New Energy Transport Fund to subsidise franchised bus operators in purchasing about 600 electric buses.  A further $135 million was earmarked to subsidise the taxi trade in purchasing 3,000 electric taxis.  In addition, the “Funding Scheme to Trial of Hydrogen Fuel Cell Heavy Vehicles” is now open for application.

    The Government intends to invite tenders for a smart and green mass transit system project in Kai Tak this year, and for similar projects in East Kowloon and the Hung Shui Kiu/Ha Tsuen and Yuen Long South New Development Areas next year. 

    Mr Chan also reported that the Government has reserved a site in Sheung Shui for the agriculture sector to set up the city’s first multi-storey, environment-friendly livestock farm.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: SPbPU PISh “Digital Engineering” and TsKBM opened a laboratory to study technologies for producing hydrogen and its derivatives

    Translartion. Region: Russians Fedetion –

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

    On February 25, the SPbPU PISh “Digital Engineering” ceremonially opened the scientific and technological educational space “Laboratory of integrated development of the main equipment of chemical-technological and energy systems of the new generation”.

    The laboratory was created jointly with the Central Design Bureau of Mechanical Engineering (part of the mechanical engineering division of the Rosatom State Corporation) as part of the implementation of the SPbPU PISh program.

    This space is focused on studying chemical technologies for hydrogen energy projects using digital solutions. The laboratory occupies 125 square meters and can accommodate up to 15 people at a time.

    The latest Russian-made equipment allows for science-intensive research and development, and also enables undergraduates and postgraduates to conduct research in the field of chemical technology, develop kinetic models of catalytic processes, including the production of hydrogen and derivatives based on it, and collect data to create and validate digital twins of physical, mechanical and chemical processes.

    The only catalytic unit in St. Petersburg, LKU-1, for studying high-temperature processes with a fixed catalyst bed is located here. It will allow studying the processes of catalytic processing of natural gas (steam reforming), testing catalysts and developing promising technologies for producing hydrogen.

    In the 2024-2025 academic year, with the support of the Central Design Bureau of Machine Building, a new master’s program was opened at the SPbPU PISH “Digital Engineering” “Digital engineering of the main technological equipment of hydrogen technologies and energy systems of the new generation”It trains advanced specialists capable of developing, modeling, optimizing and designing high-tech production proprietary equipment for chemical technologies, including hydrogen production, using digital twin technology.

    Let us recall that the agreement on cooperation in educational, scientific and innovative activities for the purpose of implementing joint basic and additional educational training programs for current tasks between the Central Design Bureau of Mechanical Engineering and the Saint Petersburg Polytechnical University’s PIS “Digital Engineering” signed On November 21, 2022, at the Atomexpo International Forum, the main event of the global nuclear industry.

    In the new laboratory, master’s students will not only master the methodology of scientific research and gain research experience, but will also be able to conduct important research within the framework of the promising projects implemented by the Central Design Bureau of Mechanical Engineering in the field of hydrogen energy.

    The opening ceremony of the space was attended by representatives of the Polytechnic University and the Central Design Bureau of Mechanical Engineering, including the Vice-Rector for Digital Transformation of SPbPU, the Head of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov, the Vice-Rector for Organizational and Economic Work of SPbPU Stanislav Vladimirov, the Deputy Head of the Advanced Engineering School of SPbPU Oleg Rozhdestvensky, the Head of the Central Design Bureau of Mechanical Engineering Yuri Gordienkov, and the First Deputy Head of the Central Design Bureau of Mechanical Engineering Alexey Mikhailov.

    The ceremony’s guests of honor included representatives of the industrial partner of the SPbPU PISh — the Krylov State Research Center. These were Deputy Director General for Scientific and Production Activities Igor Marenich, Deputy Head of the Hydrogen Energy Scientific and Production Complex Aleksandr Karpovich, and Head of the Experimental Production of the Hydrogen Energy Scientific and Production Complex Aleksandr Datskevich.

    “One of the important tasks in the implementation of the federal project “Advanced Engineering Schools” is the development of the infrastructure of the participating universities. The competencies of teachers of advanced engineering schools and representatives of the high-tech industry, the formulation of engineering challenges, as well as modern laboratory equipment – all this gives a synergistic effect, allowing us to train engineers with world-class competencies. Seven scientific and educational spaces have already been opened in the Advanced Engineering School of SPbPU “Digital Engineering”.

    The opening of the Laboratory for Complex Development of the Main Equipment for New-Generation Chemical-Engineering and Energy Systems together with the TsKBM company will allow us to carry out R&D in the interests of the key partner of the Advanced Engineering School of SPbPU — the State Corporation Rosatom — and, within the framework of solving frontier engineering problems, train students in the promising area of chemical-engineering and energy systems,” noted Alexey Borovkov.

    The head of the Central Design Bureau of Mechanical Engineering, Yuri Gordienkov, emphasized the long-term and fruitful cooperation with the Polytechnic University and noted that the opening of the laboratory will be an important step in the development of joint projects.

    In the new laboratory, TsKBM plans to focus on the development of chemical technologies, including the production of hydrogen and synthesis gas for use in industrial processes and energy systems. In the next decade, hydrogen energy may become one of the main areas of development for TsKBM, which will lead to diversification of the order portfolio, sustainable development of the enterprise and ensuring the technological sovereignty of the Russian Federation. Training highly qualified specialists in the field of chemical technologies and hydrogen energy is a key factor for the successful development of this promising area, emphasized Yuri Gordienkov.

    The development of a joint scientific and technological infrastructure of the Advanced Engineering School of SPbPU “Digital Engineering” and the Central Design Bureau of Mechanical Engineering will ensure comprehensive interaction with an industrial partner in terms of solving urgent frontier problems in the energy sector.

    After the opening of the laboratory, a working meeting was held to discuss current joint projects and promising areas of cooperation. The high-tech projects of the Advanced Engineering School of SPbPU in the interests of CBMD represent the “foundation” for creating a new generation of equipment that will allow the industrial partner to become a technology licensor and take a leading position in the new industry.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: The Polytechnic discussed the use of injection technologies in construction

    Translartion. Region: Russians Fedetion –

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

    The first all-Russian conference on injection technologies in construction, “Injection Days 2025”, is taking place at the Polytechnic University.

    Key construction industry specialists, from leading experts and project developers to companies specializing in the implementation of injection technologies, gathered at the site to exchange practical experience and the latest achievements in this field.

    Injection is the restoration of the integrity of buildings and structures made of stone, concrete, brick, strengthening of soil and rocks by filling cracks and voids with viscous polymeric materials by injection (under pressure). Injection is carried out to increase the bearing capacity of soils during their deformation, foundations and structures during their long-term operation, as well as to protect against the penetration of water or harmful substances.

    The principle of operation of this technology is the point pouring of reinforcing materials into problem areas, which ensures reliable sealing of damage and returns the foundation or structure to its original solidity.

    On the first day of the conference, experts discussed such issues as: structural repair using injection methods in construction, repair of cracks in foundation pylon structures using epoxy resin; sealing of underground parts of buildings and structures; repair of expansion joints of buried structures; deep injection of expansion joints; sealing of expansion joints using the deep injection method; elimination of jet seepage in concrete structures and junctions of metal cladding, stabilization of the soil base and lifting of a nine-story residential building using the polyurethane resin injection method, stabilization of foundation soils at industrial facilities, etc.

    The participants also learned about the experience of their colleagues in using non-destructive methods of monitoring the condition of concrete and soil structures when planning and implementing repair and restoration work; the experience of stabilizing thawed permafrost soils; using the example of the Svetlinskaya hydroelectric power station, they learned about methods for restoring the tightness of a temperature joint, etc.

    On the second day of the conference, reports were presented on the following topics: “Inspection of structures and foundation soils before their strengthening using modern non-destructive testing methods”, “Combined approach to comprehensive inspection of hydraulic structures for the purpose of developing design solutions”, “Experience in implementing projects to stabilize soil foundations in the Middle East”, etc.

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

    MIL OSI Russia News –

  • MIL-OSI: Kama Capital Disrupts Affiliate World Dubai 2025: Shaping the Future of FinTech with High-Powered Partnerships

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St Vincent & Grenadines, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kama Capital is set to take center stage at Affiliate World Dubai 2025, the world’s premier affiliate marketing conference, from February 26-27, 2025. As a FinTech disruptor, Kama Capital is not here to follow the trends but to set them. Kama Capital aims to highlight the role of affiliates in FinTech growth and present its trading platform to a global audience of performance marketers.

    Affiliate World Dubai is the exclusive gathering of the top 1% of affiliate marketers, e-commerce entrepreneurs, and digital growth hackers. It will be held in Dubai for two intense days of networking, deal-making, and industry insights. With over 35 keynote speeches, Q&A sessions, and exclusive mixers, the event is the go-to platform for game-changing collaborations.

    Why Affiliates Are the Powerhouses of FinTech Growth
    In FinTech, affiliates are not just intermediaries—they are market-makers. They fuel adoption, drive high-value conversions, and build trust in a fast-moving, data-driven trading landscape. Kama Capital recognizes affiliates as its growth partners and provides them with the tools, rewards, and support they need to succeed.

    “Affiliate marketing isn’t just about generating traffic—it’s about driving real impact. Kama Capital is built for traders who demand speed, transparency, and control, and our affiliates are the key players in bringing this revolution to more traders worldwide.” – Razan, Deputy CEO, Kama Capital

    Unlike generic trading platforms, Kama Capital doesn’t just sell a service. It empowers traders to break free from outdated financial systems using AI-driven trading, high-frequency execution, and ultra-low latency performance. For affiliates, this means a high-converting product built on actual performance, not marketing fluff, empowering them to make a real impact in the industry.

    The Kama Capital Edge: Why Affiliates Choose Kama Capital
    Kama Capital offers affiliates a structured partnership program with a focus on transparency and performance, including:

    • High-Impact Trading Technology: AI-powered, lightning-fast execution, built for serious traders.
    • Industry-Leading Payouts: Competitive CPA and revenue share models that maximise affiliate earnings.
    • A Product That Converts: Kama Capital’s advanced trading platform drives engagement, and retention
    • Full Transparency and Real-Time Insights: Affiliates get real-time data, marketing support, and total clarity on earnings, ensuring they can trust the platform and feel confident in their partnership with Kama Capital.

    “The FinTech affiliate space is crowded with hype. Kama Capital cuts through the noise with a product that delivers. Affiliates don’t have to push a ‘hard sell’—they need to connect traders with a working platform.” – Elena, Chief Marketing Officer, Kama Capital.

    Those Who Are Interested Can Visit Booth E31 – Explore Partnership Opportunities.

    At Affiliate World Dubai 2025, Kama Capital aims to expand its affiliate network within the FinTech sector. The company welcomes collaborations with affiliate marketers, performance-driven media buyers, and financial influencers interested in exploring partnership opportunities.

    “Affiliate partnerships are the backbone of Kama Capital’s expansion. We don’t just give our affiliates a product—we give them a winning edge in a competitive industry. If you’re serious about earning big in FinTech, you’ll want to stop by Booth E31.” – Omar Gazy, Affiliate Manager, Kama Capital.

    Kama Capital Invites Affiliates and Partners to Shape the Future of FinTech

    Kama Capital is more than a broker—it is a disruptive force in the financial sector, challenging traditional finance and providing traders and affiliates with the tools to navigate the markets with greater control.

    Kama Capital will be available at Booth E31 at Affiliate World Dubai 2025.

    Partnership inquiries can be made through www.kama-capital.com or in person at Affiliate World Dubai 2025.

    About Kama Capital
    Kama Capital was founded in 2021 to lead a new breed of traders empowered by cutting-edge AI and technology, aiming to redefine the future of trading. Headquartered in Dubai, the company utilizes advanced machine learning, algorithmic trading, Expert Advisors, data analytics, and next-generation trading tools to equip traders with the technology, intelligence, and control necessary to transform their trading practices. Kama Capital has garnered industry recognition for its innovative approach, earning accolades such as “Fintech of the Year” from Entrepreneur Magazine, and forming strategic partnerships with Tech Crunch, Finance Magnates, Acuity, and FutureTech Con, further solidifying its position as a leader in the financial trading sector.

    For more information about Kama Capital, users can visit https://kama-capital.com

    Contact

    Head of Digital & Partnerships
    Karthik R. Arumugam
    Kama Capital
    k.arumugam@kama-capital.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87c57458-0f5b-47f9-83ca-905aa3e801a4

    The MIL Network –

  • MIL-OSI Asia-Pac: FS revs up city’s trade engine

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan said today that the Government will strive to bolster Hong Kong’s status as an international trade centre, supply chain management centre, and transportation and logistics hub.

    In his 2025-26 Budget speech, he said efforts will be made to expand the city’s trade network, reinforce its connectivity and attract more inward investment, while also strengthening support for local enterprises.

    As regards Hong Kong’s supply chain management capabilities, Mr Chan iterated that the Hong Kong Trade Development Council and InvestHK jointly provide assistance to Mainland enterprises in using Hong Kong as a base to manage their offshore trading and supply chain activities.

    In terms of trade financing, he said the Trade Financing Liquidity Facility recently introduced by Monetary Authority (HKMA) and the People’s Bank of China provides greater flexibility for RMB financing. In addition, the Hong Kong Export Credit Insurance Corporation offers credit insurance to support enterprises seeking to go global.

    Mr Chan said the Government is considering making legislative amendments to facilitate digitalisation of trade documents, and will submit proposals to the Legislative Council next year.

    In efforts to expand Hong Kong’s trade network and attract more inward investment, the Financial Secretary said the Government is liaising with the governments of Malaysia and Saudi Arabia with a view to establishing Economic & Trade Offices in those countries. In addition, InvestHK has established consultant offices in Egypt and Türkiye, while the HKTDC has set up a consultant office in Cambodia.

    Moreover, the Government is exploring investment agreements with Saudi Arabia, Bangladesh, Egypt and Peru, and is conducting negotiations with 17 countries on establishing Comprehensive Avoidance of Double Taxation Agreements.

    Mr Chan outlined that Hong Kong will continue to cultivate markets in the Association of Southeast Asian Nations (ASEAN) and the Middle East, besides exploring opportunities in Central Asia, South Asia and North Africa. With regard to the Belt & Road (B&R) Initiative, he added that the HKTDC will strengthen project matching, particularly in relation to green development and innovation and technology (I&T).

    Meanwhile, to support the development of local enterprises and help them to go global, the finance chief said the Government will inject a total of $1.5 billion into two funds: the Dedicated Fund on Branding, Upgrading and Domestic Sales and the Export Marketing and Trade and Industrial Organisation Support Fund. Application arrangements will also be streamlined.

    In terms of support for Small and Medium Enterprises (SMEs), Mr Chan also highlighted that numerous banks have joined the Taskforce on SME Lending jointly established by the HKMA and the Hong Kong Association of Banks. He said that the funds dedicated for SME financing in the participating banks’ loan portfolios recently increased to over $390 billion.

    In collaboration with large-scale e-commerce platforms, the HKTDC will also launch “E-Commerce Express”, in order to provide Hong Kong enterprises with one-to-one consultation services and thematic seminars. In addition, it will enhance the mentorship scheme it operates in collaboration with the Trade & Industry Department, and will organise a second edition of the Hong Kong Shopping Festival.

    Turning to Hong Kong’s maritime industry, Mr Chan said the Government will adopt an “innovative spirit” with regard to its development.

    He revealed that a Hong Kong Maritime & Port Development Board will be established this year to support research, industry promotion and manpower training. In addition, he said a half-rate tax concession for eligible commodity traders will be introduced.

    With regard to logistics development, the finance chief said the Government has initiated a study on developing modern logistics sites in the Northern Metropolis and expects that its findings will be announced this year.

    Meanwhile, with a view to developing a smart port, $215 million has been allocated to installing a port community system that will encourage the flow of data among stakeholders in the maritime, port and logistics industries. 

    In relation to the Government’s plans to bolster Hong Kong’s reputation as an international aviation hub, Mr Chan said the Three-Runway System at Hong Kong International Airport was commissioned at the end of last year and that related passenger facilities will become operational in phases from the end of this year.

    He also highlighted that the Airport Authority (AA) recently promulgated a development plan for the expansion of Airport City, and revealed that the Hong Kong International Aviation Academy will expand its training programmes to cover C919 aircraft following their official deployment in scheduled flights between Hong Kong and Shanghai in January.

    Mr Chan added that the AA has signed a Memorandum of Understanding with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Inari Medical acquisition could provide Stryker with foothold in peripheral vascular market, says GlobalData

    Source: GlobalData

    Inari Medical acquisition could provide Stryker with foothold in peripheral vascular market, says GlobalData

    Posted in Medical Devices

    Stryker recently announced the completion of the acquisition of Inari Medical, a medical device company specializing in treatment for venous thromboembolism, for $4.9 billion. Acquiring Inari’s portfolio of venous thrombectomy devices could enable Stryker to gain a foothold in the rapidly growing peripheral vascular device market, says GlobalData, a leading data and analytics company.

    Inari Medical’s portfolio of devices includes the FlowTriever and ClotTriever systems, which are used to treat pulmonary embolism and deep vein thrombosis, respectively. Both systems utilize a minimally invasive procedure to find and remove these clots from the body. These devices compete with other major cardiovascular device manufacturers, including Boston Scientific, Terumo, and Penumbra.

    David Beauchamp, Medical Analyst at GlobalData, comments: “With the rising rates of peripheral artery diseases worldwide, including deep vein thrombosis and complications such as pulmonary embolism, this acquisition is likely to strengthen Stryker’s position in the overall cardiovascular device market.”

    According to the GlobalData Medical Intelligence Center, the worldwide thrombectomy device market was worth $2.96 billion in 2024 and is set to register a compound annual growth rate (CAGR) of 5.48% from 2024 to 2034. In the US alone, the thrombectomy market was valued at $1.18 billion and is projected to record a CAGR of 3.38% during the same period. The largest companies in the market include Boston Scientific, Teleflex, and Inari Medical. With the backing of Stryker, it is possible that Inari Medical will see greater success in the thrombectomy device market.

    Beauchamp concludes: “As the acquisition of Inari Medical has been finalized, Stryker is now poised to break into the lucrative peripheral vascular device market. Inari’s expertise in thrombectomy devices, combined with Stryker’s existing distribution and logistics network, could result in an improvement in both volume and procedure quality for those suffering from deep vein thrombosis and other clot-related cardiovascular diseases.”

    MIL OSI Economics –

  • MIL-OSI Economics: Germany card payments market to surpass $850 billion in 2029, forecasts GlobalData

    Source: GlobalData

    Germany card payments market to surpass $850 billion in 2029, forecasts GlobalData

    Posted in Banking

    The Germany card payments market is forecast to register a compound annual growth rate (CAGR) of 5.9% between 2025 and 2029 to reach EUR788.1 billion ($852.1 billion) in 2029, supported by a constant consumer shift towards electronic payments, according to GlobalData, a leading data and analytics company.

    GlobalData’s report, “Germany Cards and Payments – Opportunities and Risks,” reveals that card payment value in Germany registered a growth of 11.2% in 2023, driven by the rise in consumer spending. The value grew further to register an estimated growth of 6.4% to reach EUR 574.6 billion ($621.3 billion) in 2024.

    Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Germany’s payment card market is experiencing rapid growth, with a decline in cash usage. It is expected to continue expanding in 2025, driven by factors such as a 100% adult banked population, the convenience of electronic payments, improving payment infrastructure, the increasing preference for contactless payments, and the growth in e-commerce payments.”

    Debit cards are the most popular card type in Germany, accounting for a significant share of total card payments. While debit cards were traditionally used for cash withdrawals, their usage for payments is gradually increasing. This growth can be attributed to the rising adoption and usage of contactless debit cards, which offer convenience and speed for low-value transactions.

    On the other hand, credit and charge cards have a lower adoption in Germany. This can be attributed to the debt-averse nature of German consumers. However, banks are encouraging the adoption and usage of credit cards by offering value-added benefits such as installment facilities, reward points, and discounts at partner retailers.

    Despite the growth in the payment card market, Germany still has a strong inclination towards cash usage. However, the EU-wide interchange fee regulation, the growth of contactless payments, the emergence of digital-only banks, and a robust e-commerce market have contributed to a gradual increase in payment card usage.

    Banks and payment companies are also focusing on expanding payment infrastructure to encourage businesses to go digital. As of July 2024, there were 3.1 million SMEs operating in the country—accounting for 99.4% of German firms. To serve them, POS providers offer low-cost mobile POS (mPOS) solutions. For example, Worldline subsidiary PAYONE offers Tap On Mobile, which enables merchants to convert Android-based mobile devices into POS terminals to accept payment via cards and mobile wallets.

    Sharma concludes: “Looking ahead, a continued growth in the total card payments is expected to expand in Germany by 9% in 2025. The key drivers of this growth include the ongoing efforts to promote electronic payments, the expansion of the e-commerce market, and the availability of value-added benefits for cardholders. However, ongoing geopolitical uncertainty and economic slowdown will remain challenges.”

    MIL OSI Economics –

  • MIL-OSI China: Foreign Minister Lin hosts welcome banquet for Canadian parliamentary delegation

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    Foreign Minister Lin hosts welcome banquet for Canadian parliamentary delegation

    • Date：2025-02-20
    • Data Source：Department of North American Affairs

    February 20, 2025 

    No. 043 

    Minister of Foreign Affairs Lin Chia-lung hosted a welcome banquet on February 17 for a delegation from the Parliament of Canada led by Senator Michael MacDonald, Chairman of the Canada-Taiwan Parliamentary Friendship Group. The two sides exchanged opinions on deepening economic and trade exchanges and strengthening talent development.  

     

    In his remarks, Minister Lin first expressed thanks for Canada’s staunch support of cross-strait peace and stability in recent years, including the February 16 transit of the Taiwan Strait by the Halifax-class frigate HMCS Ottawa. This was yet another concrete demonstration that the Taiwan Strait constitutes international waters. Since releasing its Indo-Pacific Strategy in 2022, Canada has continued to bolster cooperation with Taiwan on economics and trade as well as science and technology. The two sides have signed the Foreign Investment Promotion and Protection Arrangement as well as the Science, Technology, and Innovation Arrangement. 

     

    In the context of Taiwan promoting a policy of integrated diplomacy, Minister Lin expressed hope that Canada would continue to support Taiwan’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, strengthen regional economic cooperation, and jointly build resilient non-red supply chains. With Canada holding the rotating presidency of the G7 this year, Minister Lin said he expected it to play a pivotal role in upholding the international order and leading like-minded nations in a continued coordinated effort to maintain peace and stability across the Taiwan Strait and security and prosperity in the Indo-Pacific region. 

     

    In his response, Senator MacDonald praised Taiwan’s achievements in high tech, education, public health, and democratic development. He expressed support for Taiwan’s appropriate participation in international organizations and said that he hoped national security would no longer be an issue of concern for Taiwan in the near future. 

     

    In addition to Senator MacDonald, the delegation included Sens. Donald Neil Plett and John M. McNair. The group will attend the HFX Taipei Forum and call on government agencies and private organizations including the Legislative Yuan, Executive Yuan Office of Trade Negotiations, Tainan City government, and Doublethink Lab.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Foreign Minister Lin hosts welcome banquet for Canadian parliamentary delegation

    Source: Republic of China Taiwan 3

    Foreign Minister Lin hosts welcome banquet for Canadian parliamentary delegation

    Date：2025-02-20
    Data Source：Department of North American Affairs

    February 20, 2025 
    No. 043 

    Minister of Foreign Affairs Lin Chia-lung hosted a welcome banquet on February 17 for a delegation from the Parliament of Canada led by Senator Michael MacDonald, Chairman of the Canada-Taiwan Parliamentary Friendship Group. The two sides exchanged opinions on deepening economic and trade exchanges and strengthening talent development.  
     
    In his remarks, Minister Lin first expressed thanks for Canada’s staunch support of cross-strait peace and stability in recent years, including the February 16 transit of the Taiwan Strait by the Halifax-class frigate HMCS Ottawa. This was yet another concrete demonstration that the Taiwan Strait constitutes international waters. Since releasing its Indo-Pacific Strategy in 2022, Canada has continued to bolster cooperation with Taiwan on economics and trade as well as science and technology. The two sides have signed the Foreign Investment Promotion and Protection Arrangement as well as the Science, Technology, and Innovation Arrangement. 
     
    In the context of Taiwan promoting a policy of integrated diplomacy, Minister Lin expressed hope that Canada would continue to support Taiwan’s participation in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, strengthen regional economic cooperation, and jointly build resilient non-red supply chains. With Canada holding the rotating presidency of the G7 this year, Minister Lin said he expected it to play a pivotal role in upholding the international order and leading like-minded nations in a continued coordinated effort to maintain peace and stability across the Taiwan Strait and security and prosperity in the Indo-Pacific region. 
     
    In his response, Senator MacDonald praised Taiwan’s achievements in high tech, education, public health, and democratic development. He expressed support for Taiwan’s appropriate participation in international organizations and said that he hoped national security would no longer be an issue of concern for Taiwan in the near future. 
     
    In addition to Senator MacDonald, the delegation included Sens. Donald Neil Plett and John M. McNair. The group will attend the HFX Taipei Forum and call on government agencies and private organizations including the Legislative Yuan, Executive Yuan Office of Trade Negotiations, Tainan City government, and Doublethink Lab.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Global automated home spending will surpass $200 billion in 2028, forecasts GlobalData

    Source: GlobalData

    Global automated home spending will surpass $200 billion in 2028, forecasts GlobalData

    Posted in Strategic Intelligence

    The automated home market is rapidly evolving, with consumers increasingly adopting devices that enhance security, energy efficiency, and convenience. Against this backdrop, the global spending on automated home devices is set to grow at a compound annual growth rate (CAGR) of 11% from $119.5 billion in 2023 to $200.8 billion in 2028, forecasts GlobalData, a leading data and analytics company.

    GlobalData’s latest Strategic Intelligence report, “Automated Home,” reveals that the top three automated home sub-categories by device revenue are smart appliances, smart speakers, and smart security. These three accounted for 34%, 28%, and 25% of the total market in 2023, respectively. Amazon, Google, and Xiaomi are the leading companies shaping the market

    The smart appliances sub-category will continue to hold the largest market share over the next five years as its growth outstrips both smart speakers and smart security.

    Shabnam Pervez, Strategic Intelligence Analyst at GlobalData, comments: “The smart home landscape is populated by a mix of established tech giants and innovative newcomers.”

    The foundation of Amazon’s automated home business is its Echo range of smart speakers. The company has built on that with acquisitions, including spending $1 billion on smart doorbell manufacturer Ring. Google, with its Nest ecosystem of automated home devices, is also a market leader. Alibaba and Xiaomi dominate the Chinese market.

    Pervez concludes: “The smart home market is dynamic and constantly evolving. As technology advances and consumer adoption accelerates, devices will continue becoming more intelligent, integrated, and accessible. The future of living is smart, and it is happening now.”

    MIL OSI Economics –

  • MIL-OSI Economics: Cardiol’s CRD-38 holds potential to differentiate in HF space, says GlobalData

    Source: GlobalData

    Cardiol’s CRD-38 holds potential to differentiate in HF space, says GlobalData

    Posted in Pharma

    Cardiol Therapeutics recently announced positive data on the use of CRD-38 (cannabidiol) in the Journal of the American College of Cardiology, highlighting that it improved cardiac function and reduced cardiac hypertrophy, remodeling, inflammation, and cell death. The data indicates that CRD-38 potentially fills an unmet need in the heart failure (HF) space as it has an alternate mechanism of action to current marketed therapies, says GlobalData, a leading data and analytics company.

    CRD-38 acts as an agonist to cannabinoid receptors CB1 and CB2. The cannabidiol moiety of the drug shows anti-inflammatory activity and the organic nitrates exhibit a direct relaxant effect on vascular smooth muscles, which leads to dilation of coronary vessels, improves oxygen supply to the myocardium, and elicits therapeutic activity. The journal included results from multiple models of HF. In a mouse model of HF, subcutaneous administration of CRD-38 resulted in reduced cardiac fibrosis and hypertrophy, and improved ejection fraction and cardiac output.

    Kajal Jaddoo, Senior Pharma Analyst at GlobalData, comments: “Key opinion leaders (KOLs) interviewed by GlobalData have emphasized that physicians would be more open to subcutaneous therapies because they are not looking to add another pill to patients’ treatment regimens.”

    According to GlobalData’s Pharma Intelligence Center Drug Database, Cardiol has one other drug in active development, CardiolRx (cannabidiol 1) in Phase II for multiple indications.

    Jaddoo concludes: “The aging global population and the prolongation of the lives of cardiac patients by modern therapeutic innovations has led to increased prevalence of HF. Moreover, several diseases such as hypertension, obesity, and diabetes greatly increase the risk for HF. This illustrates how vital, and potentially lucrative, the HF arena is for drug discovery.”

    MIL OSI Economics –