Category: Business

MIL-OSI: DMG Blockchain Solutions Announces Preliminary June Operational Results
Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces its preliminary operational results for June 2025:
- Bitcoin mined: 23 BTC (vs 31 BTC in May 2025)
- Hashrate: 1.56 EH/s (vs 1.89 EH/s in May 2025)
- Bitcoin balance: 341 BTC (vs 350 BTC in May 2025)
During June 2025, DMG’s realized hashrate was 1.56 EH/s, down 18% from the 1.89 EH/s reported in May, as the Company experienced an unscheduled electrical outage of nearly two days at its Christina Lake facility and faced continued challenges operating its hydro infrastructure.

In particular, a regional lightning storm resulted in the tripping of a main substation breaker that required extensive servicing. In addition, DMG’s hydro infrastructure has been experiencing downtime related to contamination due to manufacturer quality control issues. This problem has been actively addressed over the past several weeks. The Company believes that with additional servicing and close monitoring, it can bring the hashrate of its current hydro mining capacity closer to its 0.4 EH/s potential, even as the summer heat sets in. The hydro miners are designed to operate in ambient temperatures exceeding 40 degrees Celsius, albeit at lower efficiencies.

Based on experience gained from its initial 6-megawatt hydro mining container build-out, DMG now plans to source new hydro infrastructure from alternative manufacturers; for its planned Christina Lake building hydro deployment, the Company will utilize its existing electrical distribution and shelving, while sourcing key hydro infrastructure components from best-of-breed vendors. This should simplify the transition from air-cooled to direct liquid-cooled mining, while giving DMG improved quality control over its supply chain and infrastructure component integration. DMG intends to build a pilot system in its Christina Lake building this summer ahead of its planned expansion to grow to 3 EH/s by the end of calendar 2025.

DMG’s bitcoin balance was 341 BTC at the end of June. The Company sold bitcoin during the month to fund operating expenses and further reduce its loan balance with Sygnum Bank, in line with prior guidance.

Agreement for a New Bitcoin Mining Site in Canada outside of British Columbia

DMG announces it has executed a binding agreement following its May 2023 announcement to develop a new data processing center with access to low-cost renewable energy located in a Canadian province outside of British Columbia. The agreement supports DMG’s longer-term strategy to identify pockets of low-cost energy, based on which it intends to eventually operate the majority of its Bitcoin mining fleet. Once fully operational, DMG expects to initially add approximately 1 EH/s of Bitcoin mining capacity, depending on the selected equipment and the commissioning timeframe, currently projected for the second half of calendar 2026.

DMG’s CEO, Sheldon Bennett, commented, “In June, we encountered several unforeseen issues with our Bitcoin mining infrastructure, but we also advanced our longer-term objective to migrate our Bitcoin mining to where energy is less expensive. We continue to make progress in our discussions with Canadian governmental agencies, with a focus on the Department of National Defence, as Canada has pledged to increase its military spending, with AI as a key pillar of that growth. Regarding Systemic Trust, we remain encouraged regarding custody clients onboarding to the platform as well as expanding the platform capability beyond custody.”

Grant of Stock Options and RSUs

DMG announces the granting of stock options and RSUs to employees and directors of the Company. A total of 201,607 stock options (“Options”) and 1,275,000 restricted stock units (“RSUs”) have been granted. The Options are exercisable over five years at a price of $0.285 per share, with vesting in 25% increments on the six-, 12-, 18-, and 24-month anniversaries of the grant date. The RSUs vest in one year; these grants are designed to create an incentive structure that aligns longer-term performance with the Company’s growth.

About DMG Blockchain Solutions Inc.

DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.

For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.

For further information, please contact:

On behalf of the Board of Directors,

Sheldon Bennett, CEO & Director
Tel: +1 (778) 300-5406
Email: investors@dmgblockchain.com
Web: www.dmgblockchain.com

For Investor Relations:
investors@dmgblockchain.com

For Media Inquiries:
Chantelle Borrelli
Head of Communications
chantelle@dmgblockchain.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information

This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, executing on DMG’s broader strategy to shift its data center capacity towards AI, increasing hashrate, the planned expansion to grow to 3 EH/s by the end of calendar 2025, sourcing hydro infrastructure from alternative manufacturers, securing new clients for the Systemic Trust digital asset custody subsidiary, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

The MIL Network –
July 3, 2025

MIL-OSI Banking: Money Market Operations as on July 02, 2025

Source: Reserve Bank of India


(Amount in ₹ crore, Rate in Per cent)

	Volume (One Leg)	Weighted Average Rate	Range
A. Overnight Segment (I+II+III+IV)	6,37,489.66	5.16	1.00-6.25
I. Call Money	16,924.02	5.27	4.70-5.35
II. Triparty Repo	4,29,235.45	5.14	5.00-5.21
III. Market Repo	1,89,448.64	5.20	1.00-5.50
IV. Repo in Corporate Bond	1,881.55	5.44	5.35-6.25
B. Term Segment
I. Notice Money**	204.25	5.25	4.90-5.35
II. Term Money^@@	617.50	–	5.30-5.75
III. Triparty Repo	2,275.00	5.25	5.20-5.30
IV. Market Repo	728.52	5.35	5.35-5.35
V. Repo in Corporate Bond	0.00	–	–

	Auction Date	Tenor (Days)	Maturity Date	Amount	Current Rate / Cut off Rate
C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
I. Today’s Operations
1. Fixed Rate
2. Variable Rate^&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF^#	Wed, 02/07/2025	1	Thu, 03/07/2025	3,410.00	5.75
4. SDF^Δ#	Wed, 02/07/2025	1	Thu, 03/07/2025	2,99,291.00	5.25
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-2,95,881.00
II. Outstanding Operations
1. Fixed Rate
2. Variable Rate^&
(I) Main Operation
(a) Repo
(b) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Fri, 27/06/2025	7	Fri, 04/07/2025	84,975.00	5.49
3. MSF^#
4. SDF^Δ#
D. Standing Liquidity Facility (SLF) Availed from RBI^$				6,217.11
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-78,757.89
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-3,74,638.89
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		July 02, 2025		9,64,750.40
(ii) Average daily cash reserve requirement for the fortnight ending		July 11, 2025		9,52,318.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		July 02, 2025		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		June 13, 2025		5,62,116.00
^@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
^@@ Relates to uncollateralized transactions of 15 days to one year tenor.
^$ Includes refinance facilities extended by RBI.
^& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
^Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^# As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
Ajit Prasad Deputy General Manager (Communications)
Press Release: 2025-2026/644

MIL OSI Global Banks –

July 3, 2025

MIL-OSI: MoneyHero Group Launches First Annual SingSaver Best-Of Awards to Recognise Excellence in Personal Financial Products

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 03, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced the launch of “SingSaver Best-Of Awards”, an annual awards programme recognising Singapore’s most outstanding personal finance products.

The new awards programme will spotlight 45 exceptional personal finance products across categories including credit cards, digital banks, investing, and insurance. Each product will be rigorously evaluated by the MoneyHero Group team, alongside an esteemed panel of prominent local personal finance influencers. Judging criteria include annual fees, interest rates, sign-up incentives, bonus offers, rewards earn rates, user experience, coverage scope, and policy flexibility.

The awards aim to simplify financial decision-making by identifying and celebrating products that deliver outstanding value, helping Singaporeans navigate an increasingly complex financial marketplace with confidence. Winners will be celebrated at an exclusive gala dinner and awards ceremony on 17 July 2025 in Singapore, bringing together the country’s leading financial institutions, industry influencers, and media for an evening of recognition and networking.

Rohith Murthy, CEO of MoneyHero, said: “The inaugural SingSaver Best-Of Awards reflect our decade-long legacy of helping Singaporeans make informed financial choices. We aim to highlight products that enhance consumers’ financial well-being through exceptional value and user experience. Our rigorous assessment process, supported by trusted voices from the personal finance community, ensures that these awards truly represent excellence and reliability in the marketplace.”

A full list of categories, shortlisted products, and award ceremony details are available at:
https://www.singsaver.com.sg/campaign/best-of-awards-announcement-2025

Following the Singapore launch, MoneyHero Group plans to roll out similar awards programmes annually in Hong Kong, the Philippines, and Taiwan. As the personal finance landscape continues to evolve, MoneyHero remains committed to spotlighting the industry’s best products and services, providing invaluable guidance to consumers throughout the region.

Disclaimer

The information provided on this press release is for educational and informational purposes only and should not be construed as financial or investment advice. While MoneyHero reviews and compares financial products to help consumers make informed decisions, it does not offer or provide personalised recommendations or investment advisory services. Consumers should always conduct their own research or consult a licensed financial professional before making any financial decisions.

MoneyHero has made reasonable efforts to ensure that the information contained in this press release is accurate and up to date as at the date of publication. However, MoneyHero makes no warranties, express or implied, regarding the accuracy, completeness, or reliability of the information and accepts no liability (including liability to third parties) for any loss or damage arising from any error or omission in compiling or presenting such information, or reliance on the information provided.

About SingSaver

SingSaver, part of MoneyHero Group (Nasdaq: MNY) – a market leading personal finance aggregation and comparison company in Greater Southeast Asia. Founded in May 2015, SingSaver has always been committed to matching consumers with the right financial products they need — from credit cards to personal loans, investing accounts to insurance policies, and much more. SingSaver helps thousands of consumers improve their money health with easy-to-use comparison platform along with impartial product reviews and extensive finance articles. For a full discovery, visit https://www.singsaver.com.sg/

About MoneyHero Group

MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at 31 March 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended 31 March 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

For inquiries, please contact:

Investor Relations:
MoneyHero IR Team
IR@MoneyHeroGroup.com

Media Relations:
MoneyHero PR Team
Press@MoneyHeroGroup.com

The MIL Network –

July 3, 2025
MIL-OSI: MoneyHero Group Launches First Annual SingSaver Best-Of Awards to Recognise Excellence in Personal Financial Products

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 03, 2025 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced the launch of “SingSaver Best-Of Awards”, an annual awards programme recognising Singapore’s most outstanding personal finance products.

The new awards programme will spotlight 45 exceptional personal finance products across categories including credit cards, digital banks, investing, and insurance. Each product will be rigorously evaluated by the MoneyHero Group team, alongside an esteemed panel of prominent local personal finance influencers. Judging criteria include annual fees, interest rates, sign-up incentives, bonus offers, rewards earn rates, user experience, coverage scope, and policy flexibility.

The awards aim to simplify financial decision-making by identifying and celebrating products that deliver outstanding value, helping Singaporeans navigate an increasingly complex financial marketplace with confidence. Winners will be celebrated at an exclusive gala dinner and awards ceremony on 17 July 2025 in Singapore, bringing together the country’s leading financial institutions, industry influencers, and media for an evening of recognition and networking.

Rohith Murthy, CEO of MoneyHero, said: “The inaugural SingSaver Best-Of Awards reflect our decade-long legacy of helping Singaporeans make informed financial choices. We aim to highlight products that enhance consumers’ financial well-being through exceptional value and user experience. Our rigorous assessment process, supported by trusted voices from the personal finance community, ensures that these awards truly represent excellence and reliability in the marketplace.”

A full list of categories, shortlisted products, and award ceremony details are available at:
https://www.singsaver.com.sg/campaign/best-of-awards-announcement-2025

Following the Singapore launch, MoneyHero Group plans to roll out similar awards programmes annually in Hong Kong, the Philippines, and Taiwan. As the personal finance landscape continues to evolve, MoneyHero remains committed to spotlighting the industry’s best products and services, providing invaluable guidance to consumers throughout the region.

Disclaimer

The information provided on this press release is for educational and informational purposes only and should not be construed as financial or investment advice. While MoneyHero reviews and compares financial products to help consumers make informed decisions, it does not offer or provide personalised recommendations or investment advisory services. Consumers should always conduct their own research or consult a licensed financial professional before making any financial decisions.

MoneyHero has made reasonable efforts to ensure that the information contained in this press release is accurate and up to date as at the date of publication. However, MoneyHero makes no warranties, express or implied, regarding the accuracy, completeness, or reliability of the information and accepts no liability (including liability to third parties) for any loss or damage arising from any error or omission in compiling or presenting such information, or reliance on the information provided.

About SingSaver

SingSaver, part of MoneyHero Group (Nasdaq: MNY) – a market leading personal finance aggregation and comparison company in Greater Southeast Asia. Founded in May 2015, SingSaver has always been committed to matching consumers with the right financial products they need — from credit cards to personal loans, investing accounts to insurance policies, and much more. SingSaver helps thousands of consumers improve their money health with easy-to-use comparison platform along with impartial product reviews and extensive finance articles. For a full discovery, visit https://www.singsaver.com.sg/

About MoneyHero Group

MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero had over 260 commercial partner relationships as at 31 March 2025, and had approximately 5.7 million Monthly Unique Users across its platform for the three months ended 31 March 2025. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC’s digital economy, please visit www.MoneyHeroGroup.com.

For inquiries, please contact:

Investor Relations:
MoneyHero IR Team
IR@MoneyHeroGroup.com

Media Relations:
MoneyHero PR Team
Press@MoneyHeroGroup.com

The MIL Network –

July 3, 2025
MIL-OSI China: Announcement on Open Market Operations No.126 [2025]

Source: Peoples Bank of China

Announcement on Open Market Operations No.126 [2025]

(Open Market Operations Office, July 3, 2025)

The People’s Bank of China conducted reverse repo operations in the amount of RMB57.2 billion through quantity bidding at a fixed interest rate on July 3, 2025.

Details of the Reverse Repo Operations

Maturity

Rate

Bidding Volume

Winning Bid Volume

7 days

1.40%

RMB57.2 billion

RMB57.2 billion

Date of last update Nov. 29 2018

2025年07月03日

MIL OSI China News –

July 3, 2025
MIL-OSI China: Chinese investment empowers Indonesia’s EV supply chain

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

.

The groundbreaking of a new electric vehicle (EV) battery megaproject in Indonesia set another milestone in the country’s rapidly growing EV supply chain, driven by Chinese investment.

JOINT VENTURE

The project, whose groundbreaking on Sunday was witnessed by Indonesian President Prabowo Subianto in Karawang, West Java, is a joint venture with China, worth nearly 6 billion U.S. dollars, and covers the full supply chain, from nickel mining and processing to battery materials production, manufacturing and recycling.

Indonesia is currently the world’s largest producer of nickel and holds the biggest-known reserves of the metal, an essential component in EV batteries.

The project is jointly conducted by Indonesia’s state-owned miner PT Aneka Tambang Tbk, state-owned investment holding company PT Indonesia Battery Corporation and China’s Ningbo Contemporary Brunp Lygend Co., Ltd.

“This groundbreaking is proof of our leaders’ seriousness in collaborating with our partners and our friends in China. We can work together on a program that I think can be called colossal, an extraordinary breakthrough,” Prabowo said at the groundbreaking ceremony.

According to Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia, the project is expected to create 35,000 jobs and contribute up to 42 billion dollars annually to the national GDP. He also highlighted that the plant’s capacity would support the production of batteries for 300,000 vehicles, potentially reducing Indonesia’s fuel imports by approximately 300,000 kiloliters per year.

Indonesian President Prabowo Subianto (C) attends a groundbreaking ceremony for a major electric vehicle (EV) battery megaproject in Karawang, West Java, Indonesia, June 29, 2025. (Xinhua/Zulkarnain)

GREEN TRANSITION

The Indonesian government has been actively promoting the nickel industry to increase national competitiveness and build an ecosystem for the EV battery industry. The ambition is also aligned with Indonesia’s long-term commitment to achieving net-zero emissions by 2060.

Fahmy Radhi, an energy economics expert from Gadjah Mada University, said, “This transformation is more than an energy transition. It opens the door to clean technology, encourages green infrastructure development, and provides a strategic path for Indonesia to become a clean-energy industrial nation.”

He also highlighted the importance of ensuring that investment does not stop at the smelter level. “The process must extend to the production of final goods, such as EV batteries or even electric vehicles themselves.”

Currently, Indonesia is home to nine electric car manufacturers, seven electric bus production facilities, and 63 two- and three-wheeled electric vehicle factories.

CRUCIAL PARTNER

Kukuh Kumara, secretary general of the Association of Indonesia Automotive Industries, emphasized the critical role of partnerships with countries experienced in EV development, particularly China. “From the mining process to ready-to-use batteries, there is a huge process involved,” he said.

Kumara said that expanding industries related to the EV supply chain will not only strengthen Indonesia’s downstream capabilities but also create jobs and promote know-how transfer. “China is known for its strong EV component industry. We encourage our local companies to learn from Chinese partners,” he said.

“Our ultimate goal is to develop Indonesia’s own auto brands, local factories and indigenous technical capabilities,” Kumara said. “But at this stage, international partners are still crucial.”

Chinese firms have played a pivotal role in bringing technology, capital and global market access to Indonesia, particularly in EV batteries and supply chain integration, said the business leader.

As the first Chinese automaker to invest and establish a factory in Indonesia, SAIC-GM-Wuling (SGMW) has helped 17 Chinese enterprises in the auto supply chain to venture into ASEAN’s biggest economy, developing over 100 local suppliers over the past seven years.

People take photos of Wuling Air EV cars at Wuling’s production factory in Bekasi, West Java province, Indonesia, Aug. 8, 2022. (Xinhua/Xu Qin)

The Chinese automaker has also contributed to fostering Indonesia’s own EV sector. Last November, the China-Indonesia Institute of Modern Craftsmanship of New Energy Vehicle, a training base established by China’s Liuzhou City Vocational College, Indonesia’s Anand Industrial Training Institute and the SGMW’s Indonesian subsidiary, was officially inaugurated in Indonesia.

“What is prominent in Chinese investment is the genuine willingness to implement technological transfer and human development programs through joint research, expert and trainee exchanges, vocational training, etc,” said Christine Susanna Tjhin, co-founder and director of strategic communication and research at the Gentala Institute, an independent consulting firm.

MIL OSI China News –

July 3, 2025
MIL-OSI China: How CPC is shaping China’s modernization roadmap through 5-year plans

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

A humanoid robot poses during a permanent exhibition at the Zhongguancun Exhibition Center in Beijing, capital of China, March 28, 2025. (Xinhua/Ju Huanzong)

As the Communist Party of China (CPC) celebrates the 104th anniversary of its founding this week, the Party’s signature five-year plans continue to serve as a roadmap for China’s modernization drive.

This year, China is set to complete its 14th Five-Year Plan (2021-2025) and is formulating the blueprint for the next one, marking a pivotal moment in the country’s long-term strategy for national rejuvenation.

From transforming an agrarian society into the world’s second-largest economy to charting a path toward becoming a great modern socialist country in all respects by mid-century, these plans reflect the CPC’s enduring commitment to long-term strategic vision and collective prosperity.

Through this cyclical yet ever-evolving roadmap, China sets strategic goals, defines government priorities, regulates business operations, and mobilizes national resources — all in pursuit of its overarching objective of building a modern socialist nation.

The country’s first plan in 1953 marked its initial push toward industrialization with the establishment of the nation’s first major steel and automobile plants. Fast-forward to the 13th (2016-2020), and it saw the completion of the world’s largest high-speed rail network.

“Five-year plans are to China’s development what construction drawings are to building a house,” said Ran Hao, a professor at the Party School of the CPC Central Committee. “It tells the government and society which ‘floor’ to focus on and which ‘road’ to build over the next five years, helping avoid a piecemeal approach.”

A FRAMEWORK, NOT A DOGMA

Although China’s five-year plans include quantitative targets, such as the GDP growth goal, first introduced in the seventh five-year plan, it does not mean the CPC is running a centralized planned economy.

“It’s not about the government dictating everything; rather, the plans set the direction and priorities,” Ran said.

Since 2006, targets have been divided into two types: binding targets, which reflect government commitments, such as reducing energy consumption per unit of GDP, and anticipatory targets, which represent desired outcomes like GDP growth, to be pursued primarily through market mechanisms.

In a break from tradition, the 14th Five-Year Plan did not set a quantitative target for GDP growth; instead, it described expected growth in broader terms, in part to emphasize quality over speed.

“Five-year plans are suited to the Chinese mentality and the Chinese idea of thinking long-term,” said British scholar Martin Jacques. For millennia, Confucian classics have taught that those who plan ahead are more likely to succeed.

China’s five-year plans set clear goals but give regions the leeway needed to tailor their own pathways. National plans are broad frameworks that guide local governments in creating their own action plans, explained Yin Jun, a researcher with the Peking University.

At present, the CPC is drafting proposals for the country’s 15th Five-Year Plan (2026-2030).

Observers said the upcoming plan will emphasize a future-oriented approach to global challenges, foster new quality productive forces, and strengthen the social safety net to improve public well-being.

PLANNING WITH COLLECTIVE EFFORTS

Given their far-reaching impact, China’s five-year plans are developed over several years, and informed by research, expert reviews, inter-agency coordination and public consultation. For example, work on the current 14th Five-Year Plan began as early as 2018.

While drafting the five-year plan, the CPC highly values public inputs, which reflect society’s needs and help foster consensus. In 2020, for the first time, public advice was collected online, with suggestions like mutual-aid elderly care included in the final plan.

Over three months that year, seven symposiums were held with the Party’s leader meeting with entrepreneurs, experts, local officials, and representatives from the grassroots level to listen to their suggestions.

The combination of top-level planning with public participation continued this year. In May, major media platforms invited public feedback, and netizens proposed improvements such as enhancing rural express delivery infrastructure and installing elevators in older communities, among other ideas.

An old saying from Sun Tzu’s “The Art of War” offers insight into the success of China’s five-year plans: Triumph comes when the leaders and the people share the same goal.

Visitors learn about a BYD Yangwang U9 at the 2024 World Manufacturing Convention in Hefei, east China’s Anhui Province, Sept. 20, 2024. (Xinhua/Fu Tian)

IMPACT BEYOND BORDERS

China’s five-year plans not only guide national development but also offer opportunities for global investors.

Madiyar Tukpatov, chairman of a public transport company in Astana, Kazakhstan, visited China earlier this year to research electric buses. His company began using Chinese electric buses in 2020 and plans to further integrate Chinese EV technology into Astana’s transport system.

New energy vehicles (NEVs) have been developed as a strategic industry over several five-year plans. Their production and sales each exceeded 12.8 million units in 2024, maintaining China’s position as the global leader in this sector for 10 consecutive years. Chinese NEVs can be found in over 70 countries and regions.

Benjamin Mgana, chief editor of foreign news at The Guardian newspaper in Tanzania, praised China’s approach to planning, saying it demonstrates that developing countries can create workable strategies based on their own realities, rather than copying Western models.

Inspired by China’s success, a growing number of countries have adopted their own medium- to long-term strategies. Poland, Ethiopia and Tanzania have sought support from Chinese institutions to assist in their planning process.

MIL OSI China News –

July 3, 2025
MIL-Evening Report: The Dalai Lama is a cisgender man – yet he has an unexpected connection to the trans community

Source: The Conversation (Au and NZ) – By Stephen Kerry, Lecturer in Sociology, Charles Darwin University

Tenzin Gyatso, the 14th Dalai Lama, turns 90 this week – a milestone that’s reigniting speculation over his eventual successor.

While the Dalai Lama is the face of Buddhism to many people across the world, he is actually the head of just one tradition within Tibetan Buddhism known as the Gelug school.

Tibetans believe the Dalai Lama to be the manifestation of Avalokiteśvara, the bodhisattva of compassion, and the “one who hears the cries of the world”.

Read more:
What is a bodhisattva? A scholar of Buddhism explains

Avalokiteśvara is prayed to across Asia, and is known as Chenrezig in Tibet, Guanyin in China, and Kannon or Kanzeon in Japan.

A statue of Avalokiteśvara.
Wikimedia, CC BY-SA

In Buddhism, a bodhisattva is a person, or a mythic representation of a person, who denies themselves enlightenment until all beings can achieve enlightenment. Avalokiteśvara appears to living beings in whatever form could best save them.

Although Avalokiteśvara originated in India as a man, they can be depicted as either a man, woman, or non-binary being. This gender fluidity has led to them being revered as a trans icon in the West.

I have spent the past five years investigating the lives of queer Buddhists in Australia. As part of this research, I have surveyed and interviewed 109 LGBTQIA+ Buddhist Australians.

The words of these individuals, and my own experience as a genderqueer Buddhist person, reveal how the Dalai Lama emerges an an unlikely inspiration for individuals sharing a trans and Buddhist identity.

The Big Buddha is a large bronze sculpture located near the Po Lin Monastery on Lantau Island, Hong Kong.
Joshua J. Cotten/Unsplash

Letting go of binaries

Through my work I have found LGBTQIA+ Buddhist Australians are generally reluctant to disclose their queer identities to their Buddhist communities, and may be told to remain silent about their identities.

For some, Avalokiteśvara’s gender fluidity has been important for reaffirming both their queer and Buddhist selves.

One Buddhist trans woman, Annie*, told me Guanyin had special significance for her. Annie spoke about Avalokiteśvara travelling from India to China as a male, before “transitioning” to the mainly female presentation of Guanyin over centuries. Annie said:

I pray to her regularly and often find I get a response. Of course the enlightened state is beyond all manner of worldly binaries, including gender, and is immensely important in letting go of binaries in my journey towards enlightenment.

Walter* has had a long fascination with depictions of Avalokiteśvara that “showed ‘him’ looking effeminate and handsome, with a cute moustache […] A little bit homoerotic, a little bit provocatively gender fluid, as seen through my eyes”.

Walter adds:

A great many people in different cultures, across history, worship these figures. Clever how this figure can morph into a radical trans! We all want to feel comforted, safe and saved from suffering.

As queer Buddhists, we turn to to Avalokitesvara to feel “comforted, safe and saved”.

Another interviewee, Brian*, told me about a Tibetan invocation practice he did with a senior Tibetan monk, in which he encountered Guanyin:

[She] took my right hand and passed some sort of power into it. She never spoke to me but just returned the way she had come. I was given some sort of gift, that’s all I know.

Since this experience, Brian has “always felt a strong connection to the feminine through her”. He has a special Guanyin altar on his farm.

You can’t be what you can’t see

Some Buddhists deny Avalokiteśvara’s queerness.

Asher*, a genderqueer Buddhist I interviewed, told me about a teacher who said to them, “there was absolutely no way a gay person could be enlightened”.

Asher retorted:

What about Kanzeon, the bodhisattva of compassion, who has manifested as both male and female and, in the stories from Japan, has had erotic relationships with monks?

The teacher dismissed this, replying, “those are just stories”.

A black statue of Avalokiteśvara outside a Japanese temple.
Wikimedia, CC BY

In her 1996 book Transgender Warriors, trans activist Leslie Feinberg writes: “I couldn’t find myself in history. No one like me seemed to have ever existed.”

Similarly, Annie evoked the statement: “You can’t be what you can’t see.”

I, too, experience this need to see myself as a genderqueer, non-binary practitioner of Zen Buddhism. It was only through doing these interviews with other queer Buddhists that I came to realise Guanyin, a trans icon, is a statuette which adorns the altar of the Buddhist group I belong to.

Knowing Avalokitesvara may be depicted as a man, woman, or non-binary being lets us queer Buddhists know we exist – and have always existed – within Buddhism.

Despite being a cisgender man who has been somewhat inconsistent in his support of queer people, the Dalai Lama, as the manifestation of the bodhisattva of compassion, is a possible spiritual link between today’s queer Buddhists and centuries-long traditions of gender transition and fluidity.

*Names have been changed.

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

– ref. The Dalai Lama is a cisgender man – yet he has an unexpected connection to the trans community – https://theconversation.com/the-dalai-lama-is-a-cisgender-man-yet-he-has-an-unexpected-connection-to-the-trans-community-260106

MIL OSI Analysis – EveningReport.nz –

July 3, 2025
MIL-Evening Report: The Dalai Lama is a cisgender man – yet he has an unexpected connection to the trans community

Source: The Conversation (Au and NZ) – By Stephen Kerry, Lecturer in Sociology, Charles Darwin University

Tenzin Gyatso, the 14th Dalai Lama, turns 90 this week – a milestone that’s reigniting speculation over his eventual successor.

While the Dalai Lama is the face of Buddhism to many people across the world, he is actually the head of just one tradition within Tibetan Buddhism known as the Gelug school.

Tibetans believe the Dalai Lama to be the manifestation of Avalokiteśvara, the bodhisattva of compassion, and the “one who hears the cries of the world”.

Read more:
What is a bodhisattva? A scholar of Buddhism explains

Avalokiteśvara is prayed to across Asia, and is known as Chenrezig in Tibet, Guanyin in China, and Kannon or Kanzeon in Japan.

A statue of Avalokiteśvara.
Wikimedia, CC BY-SA

In Buddhism, a bodhisattva is a person, or a mythic representation of a person, who denies themselves enlightenment until all beings can achieve enlightenment. Avalokiteśvara appears to living beings in whatever form could best save them.

Although Avalokiteśvara originated in India as a man, they can be depicted as either a man, woman, or non-binary being. This gender fluidity has led to them being revered as a trans icon in the West.

I have spent the past five years investigating the lives of queer Buddhists in Australia. As part of this research, I have surveyed and interviewed 109 LGBTQIA+ Buddhist Australians.

The words of these individuals, and my own experience as a genderqueer Buddhist person, reveal how the Dalai Lama emerges an an unlikely inspiration for individuals sharing a trans and Buddhist identity.

The Big Buddha is a large bronze sculpture located near the Po Lin Monastery on Lantau Island, Hong Kong.
Joshua J. Cotten/Unsplash

Letting go of binaries

Through my work I have found LGBTQIA+ Buddhist Australians are generally reluctant to disclose their queer identities to their Buddhist communities, and may be told to remain silent about their identities.

For some, Avalokiteśvara’s gender fluidity has been important for reaffirming both their queer and Buddhist selves.

One Buddhist trans woman, Annie*, told me Guanyin had special significance for her. Annie spoke about Avalokiteśvara travelling from India to China as a male, before “transitioning” to the mainly female presentation of Guanyin over centuries. Annie said:

I pray to her regularly and often find I get a response. Of course the enlightened state is beyond all manner of worldly binaries, including gender, and is immensely important in letting go of binaries in my journey towards enlightenment.

Walter* has had a long fascination with depictions of Avalokiteśvara that “showed ‘him’ looking effeminate and handsome, with a cute moustache […] A little bit homoerotic, a little bit provocatively gender fluid, as seen through my eyes”.

Walter adds:

A great many people in different cultures, across history, worship these figures. Clever how this figure can morph into a radical trans! We all want to feel comforted, safe and saved from suffering.

As queer Buddhists, we turn to to Avalokitesvara to feel “comforted, safe and saved”.

Another interviewee, Brian*, told me about a Tibetan invocation practice he did with a senior Tibetan monk, in which he encountered Guanyin:

[She] took my right hand and passed some sort of power into it. She never spoke to me but just returned the way she had come. I was given some sort of gift, that’s all I know.

Since this experience, Brian has “always felt a strong connection to the feminine through her”. He has a special Guanyin altar on his farm.

You can’t be what you can’t see

Some Buddhists deny Avalokiteśvara’s queerness.

Asher*, a genderqueer Buddhist I interviewed, told me about a teacher who said to them, “there was absolutely no way a gay person could be enlightened”.

Asher retorted:

What about Kanzeon, the bodhisattva of compassion, who has manifested as both male and female and, in the stories from Japan, has had erotic relationships with monks?

The teacher dismissed this, replying, “those are just stories”.

A black statue of Avalokiteśvara outside a Japanese temple.
Wikimedia, CC BY

In her 1996 book Transgender Warriors, trans activist Leslie Feinberg writes: “I couldn’t find myself in history. No one like me seemed to have ever existed.”

Similarly, Annie evoked the statement: “You can’t be what you can’t see.”

I, too, experience this need to see myself as a genderqueer, non-binary practitioner of Zen Buddhism. It was only through doing these interviews with other queer Buddhists that I came to realise Guanyin, a trans icon, is a statuette which adorns the altar of the Buddhist group I belong to.

Knowing Avalokitesvara may be depicted as a man, woman, or non-binary being lets us queer Buddhists know we exist – and have always existed – within Buddhism.

Despite being a cisgender man who has been somewhat inconsistent in his support of queer people, the Dalai Lama, as the manifestation of the bodhisattva of compassion, is a possible spiritual link between today’s queer Buddhists and centuries-long traditions of gender transition and fluidity.

*Names have been changed.

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

– ref. The Dalai Lama is a cisgender man – yet he has an unexpected connection to the trans community – https://theconversation.com/the-dalai-lama-is-a-cisgender-man-yet-he-has-an-unexpected-connection-to-the-trans-community-260106

MIL OSI Analysis – EveningReport.nz –

July 3, 2025
MIL-OSI China: Xi Jinping champions the cause of Global South

Source: China State Council Information Office

Chinese President Xi Jinping visits the New Development Bank and meets with Dilma Rousseff, president of the institution, in Shanghai, east China, April 29, 2025. (Xinhua/Huang Jingwen)

On the banks of the shimmering Huangpu River that cuts through the Chinese metropolis of Shanghai sits the headquarters of the New Development Bank, co-founded by the BRICS countries more than a decade ago to foster the shared development of the world’s emerging economies.

In his visit to this new landmark in China’s financial center late April, Chinese President Xi Jinping told the bank’s president and former Brazilian President Dilma Rousseff this multilateral institution has been a result of “a pioneering initiative for the Global South to seek strength through unity.”

For the Chinese leader, the BRICS mechanism is a major platform for promoting cooperation among countries in the Global South. In the coming days, this year’s BRICS summit will open in the Brazilian city of Rio de Janeiro under the theme of “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”

Xi’s April visit to the bank demonstrates his long-standing commitment to bolstering the solidarity and common development of the Global South, amplifying the role of over 6 billion people in a world fraught with uncertainty and challenges unseen in a century.

Chinese President Xi Jinping poses for a group photo with other leaders and representatives attending the “BRICS Plus” Dialogue in Kazan, Russia, Oct. 24, 2024. (Xinhua/Yao Dawei)

COLLECTIVE RISE

“The collective rise of the Global South is a distinctive feature of the great transformation across the world,” Xi observed when addressing the “BRICS Plus” Dialogue held in Kazan, Russia, in October last year.

Much more than a pure geographical or economic term, the Global South refers to a community of emerging markets and developing countries that share similar historical experiences, development stages and goals, and political pursuits.

The concept of “South” was first coined in Antonio Gramsci’s work “The Southern Question” written in 1926, in which the Italian Marxist philosopher highlighted the development gap between northern and southern Italy.

The rise of the Global South has been decades in the making. Back in 1955, the landmark Bandung Conference convened in Indonesia under the flag of solidarity, friendship and cooperation, marking the awakening of the Global South after centuries of Western colonial rule. In 1964, the Group of 77, a coalition of developing countries, was established in Geneva within the United Nations to promote South-South cooperation and form a new international economic order.

Through extensive cooperation, the countries of the Global South have emerged as a key driver of global growth. These countries have contributed as much as 80 percent of global growth over the past 20 years, with a share of global GDP increasing from 24 percent four decades ago to more than 40 percent today.

China, the world’s largest developing country, is a natural member of the Global South. In 2004, the United Nations Development Programme included China in its list of more than 130 Global South countries in a report titled “Forging a Global South.” Some Westerners have challenged China’s position that it is part of the Global South. In response, Xi has provided a clear answer.

“As a developing country and a member of the Global South, China breathes the same breath with other developing countries and pursues a shared future with them,” Xi once said.

Historically, China has suffered from Western colonialism and imperialism, much like other developing countries, said Cavince Adhere, a Kenya-based international relations scholar.

“Even today, despite inordinate success by Beijing to rise from the backwaters of development to be the second-largest economy in the world, as well as the first developing country to eliminate extreme poverty, China still faces common development challenges, and holds similar views regarding the current international order and global governance,” he added. “Because of this, China has emerged as a strong champion for the legitimate rights and interests of many Global South countries.”

Chinese President Xi Jinping attends the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation and delivers a keynote speech at the Great Hall of the People in Beijing, capital of China, Sept. 5, 2024. (Xinhua/Liu Bin)

LEAVING NO ONE BEHIND

Ahead of Xi’s state visit to Brazil late last year, the Portuguese edition of the book “Up And Out Of Poverty” was officially launched in Rio de Janeiro. The book, first published in 1992, outlines Xi’s perspectives on poverty eradication, local governance, reform and development when he worked in the formerly impoverished prefecture of Ningde in China’s southeastern Fujian province.

Poverty has long ranked atop among the problems facing the Global South. With Xi’s steadfast commitment and strong leadership, China has eradicated absolute poverty in its rural areas, a feat that no one had accomplished in China for thousands of years.

At the G20 Summit in Rio de Janeiro last year, Xi spoke with quiet conviction, recounting his lifelong dedication to poverty alleviation, from his time as a local official to his current role as China’s top leader.

In his speech, Xi said a weaker bird can start early and fly high. “If China can make it, other developing countries can make it too. This is what China’s battle against poverty says to the world,” he said.

Xi’s “weaker bird” metaphor originated from his book on poverty. His speech struck a chord with several foreign leaders, who asked the Chinese delegation whether they could share a copy of the speech.

The Chinese leader has placed great emphasis on development. For him, “development holds the master key to solving all problems,” particularly when the global development gap continues to widen. Over the years, Xi has also been active in rallying global efforts to put development back on the international agenda as a central priority.

When attending the general debate of the 76th session of the UN General Assembly in 2021 via video, Xi proposed the Global Development Initiative, an international policy framework to promote sustainable development around the world. To date, the initiative has garnered the support and participation of over 100 countries and 20 international organizations.

Intelligent equipment lifts containers at Chancay Port, Peru, on Nov. 14, 2024. (Xinhua/Li Mengxin)

To boost common development in the Global South, Xi has been promoting practical cooperation through major infrastructure projects within the Belt and Road Initiative. During his foreign visits over the years, Xi would launch or visit major projects, such as the Chancay Port in Peru, the Dushanbe No. 2 power plant in Tajikistan and the Colombo Port City in Sri Lanka. When hosting leaders of the Global South in Beijing, Xi would also discuss with them major projects for cooperation during their talks.

Xi believes that the Global South should be the main driving force for common development and that “On the path to modernization, no one, and no country, should be left behind.” He also supports countries of the Global South exploring paths of modernization tailored to their distinctive national conditions, rather than following Western development models.

Also at last year’s G20 summit in Rio de Janeiro, Xi outlined eight measures in support of Global South cooperation, ranging from high-quality Belt and Road cooperation to boosting development in Africa. Months earlier, at the Forum on China-Africa Cooperation in Beijing last year, Xi unveiled 10 partnership actions and granted zero-tariff treatment on all product categories to the least developed countries with which it has diplomatic relations.

An exhibitor (R) introduces African products to visitors during the fourth China-Africa Economic and Trade Expo at Changsha International Convention and Exhibition Center in Changsha, central China’s Hunan Province, June 13, 2025. (Xinhua/Chen Sihan)

Gu Qingyang, associate professor at the Lee Kuan Yew School of Public Policy at the National University of Singapore, said, “China can play a positive role in the development of Global South countries,” adding that Chinese technology and expertise in industrial development can support the modernization of the Global South’s various regions.

EMPOWERING GLOBAL SOUTH IN INTERNATIONAL GOVERNANCE

As Xi once observed, in the face of global changes of the century, pursuing modernization and working for a more just and equitable international order are the sacred historic missions of Global South countries.

Xi described the BRICS countries as “leading members of the Global South,” calling for building BRICS into “a primary channel for strengthening solidarity and cooperation among Global South nations and a vanguard for advancing global governance reform.”

Since becoming Chinese president in 2013, Xi has always been a steadfast champion of BRICS cooperation. In Xiamen, he advocated for the “BRICS Plus” program at the 2017 BRICS summit, calling for more active participation from other emerging markets and developing nations. He played a crucial role in propelling the BRICS’ historic expansion in 2023, ushering in the era of greater BRICS cooperation.

Effective coordination between BRICS members and other countries in the Global South has been adding more bricks to the global governance architecture. The New Development Bank exemplifies this effort.

Xi said the bank serves as “an important emerging force in the international financial system,” which should work to “make the international financial system fairer and more equitable and effectively enhance the representation and say of emerging markets and developing countries.”

Aerial photo taken on Dec. 17, 2020 shows the headquarters building of BRICS New Development Bank (NDB) in east China’s Shanghai. (Xinhua/Fang Zhe)

Over the years, China, under Xi’s leadership, has taken concrete steps to advocate for developing countries, help Global South countries enhance their representation and voice in international governance, and promote a more just and equitable international order.

At the 2022 G20 summit in Bali, Indonesia, China took the lead in supporting the African Union (AU)’s membership in the G20. In their meeting on the sidelines of the summit, then Senegalese President Macky Sall, who was also the AU chairperson that year, thanked Xi for being the first to publicly support the AU’s G20 membership.

The global leadership today remains lopsided, and rebalancing this skewed system is a shared imperative for both the Global North and South, said Paolo Magri, managing director and chair of the advisory board of the Italian Institute for International Political Studies, a think tank.

“Global South countries marching together toward modernization is monumental in world history and unprecedented in human civilization,” Xi said at the “BRICS Plus” Dialogue in Kazan, Russia, last year, while acknowledging that “the road to prosperity for the Global South will not be straight.”

“No matter how the international landscape evolves, we in China will always keep the Global South in our heart, and maintain our roots in the Global South,” Xi pledged.

MIL OSI China News –

July 3, 2025
MIL-OSI: Bitget Wraps Up Anti-Scam Month with Over 65% of Participants Successfully Identifying Crypto Fraud Tactics

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, July 02, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has successfully concluded its 2025 Anti-Scam Month, a global initiative aimed at elevating user awareness and resilience against Web3 fraud. Throughout June, Bitget rolled out a series of gamified education tools, expert collaborations, and industry research to confront the rising threat of AI-enabled scams and security breaches across the crypto ecosystem.

At the heart of the campaign was the Smarter Eyes Challenge, an interactive comic-based mini-game simulating real-life scam scenarios—from phishing and social engineering to fake token approvals. While only 8.60% of participants spotted all traps on their first attempt, a striking 65.41% eventually passed all three levels after receiving guided security clues, underscoring both the scale of the awareness gap and the campaign’s tangible impact.

Bitget published six in-depth blog posts tackling common attack vectors like SMS spoofing, fake apps, and high-risk tokens. Over 80% of users scored full marks in follow-up security quizzes, signaling a sharp improvement in scam detection capabilities following the campaign’s educational content.

Another flagship milestone was the release of Bitget’s 2025 Anti-Scam Research Report, co-authored with blockchain security leaders SlowMist and Elliptic. The report revealed that global crypto scam losses surpassed $4.6 billion in 2024, with deepfakes and social engineering responsible for the majority of high-value attacks. The findings spotlighted the growing sophistication of AI-driven fraud, including synthetic public figure videos, Trojan-laced job offers, and fake Zoom calls used to deceive victims.

Throughout the month, Bitget convened key voices in Web3 security—including Hacken, GoPlus, BlockSec, and Security Alliance—for an Anti-Scam X Space discussion. Experts weighed in on future threats, the evolving role of collaboration, and how users, platforms, and audit firms can work together to build a safer digital asset environment.

“Anti-Scam Month reflects our belief that education is the first line of defense in crypto security,” said Gracy Chen, CEO of Bitget. “By turning passive users into active defenders, we’re laying the groundwork for a more resilient ecosystem. And this is only the beginning—the Anti-Scam Hub will remain open year-round as a permanent resource for our global community.”

Echoing this sentiment, Yevheniia Broshevan, Co-Founder & CBDO at Hacken, said, “Anti-Scam Month by Bitget is a fantastic initiative and a powerful example for the industry, demonstrating how companies can raise awareness, educate users, and reduce the risk of future hacks. Education truly is a vital part of this journey.”

Yajin (Andy) Zhou, Co-Founder & CEO at BlockSec, added, “Hackers study user habits, such as copying addresses from transaction histories. Security efforts must focus on proactive defenses rather than blaming users. Security is not a solo battlefield. Blockchain platforms, compliance tools, and security firms must share threat intelligence to build a united defense system.”

Michael Lewellen, Technical Council at Security Alliance, emphasized, “Security isn’t about being impossible to hack or scam users. It’s just being hard enough to discourage threat actors from investing effort in the attempt. We need to harden Web3 infrastructure enough so that this ecosystem is no longer an easy, profitable target.”

The Bitget Anti-Scam Hub, now permanently live, offers users ongoing access to practical safety guides, real-time scam indicators, the official verification channel, and a crypto safety kit with 24/7 global support.

For more details, please visit the Bitget Anti-Scam Hub here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8d159ce-8a24-4435-a26b-bbe8c16cee3d

The MIL Network –

July 3, 2025
MIL-OSI: Bitget Wraps Up Anti-Scam Month with Over 65% of Participants Successfully Identifying Crypto Fraud Tactics

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, July 02, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has successfully concluded its 2025 Anti-Scam Month, a global initiative aimed at elevating user awareness and resilience against Web3 fraud. Throughout June, Bitget rolled out a series of gamified education tools, expert collaborations, and industry research to confront the rising threat of AI-enabled scams and security breaches across the crypto ecosystem.

At the heart of the campaign was the Smarter Eyes Challenge, an interactive comic-based mini-game simulating real-life scam scenarios—from phishing and social engineering to fake token approvals. While only 8.60% of participants spotted all traps on their first attempt, a striking 65.41% eventually passed all three levels after receiving guided security clues, underscoring both the scale of the awareness gap and the campaign’s tangible impact.

Bitget published six in-depth blog posts tackling common attack vectors like SMS spoofing, fake apps, and high-risk tokens. Over 80% of users scored full marks in follow-up security quizzes, signaling a sharp improvement in scam detection capabilities following the campaign’s educational content.

Another flagship milestone was the release of Bitget’s 2025 Anti-Scam Research Report, co-authored with blockchain security leaders SlowMist and Elliptic. The report revealed that global crypto scam losses surpassed $4.6 billion in 2024, with deepfakes and social engineering responsible for the majority of high-value attacks. The findings spotlighted the growing sophistication of AI-driven fraud, including synthetic public figure videos, Trojan-laced job offers, and fake Zoom calls used to deceive victims.

Throughout the month, Bitget convened key voices in Web3 security—including Hacken, GoPlus, BlockSec, and Security Alliance—for an Anti-Scam X Space discussion. Experts weighed in on future threats, the evolving role of collaboration, and how users, platforms, and audit firms can work together to build a safer digital asset environment.

“Anti-Scam Month reflects our belief that education is the first line of defense in crypto security,” said Gracy Chen, CEO of Bitget. “By turning passive users into active defenders, we’re laying the groundwork for a more resilient ecosystem. And this is only the beginning—the Anti-Scam Hub will remain open year-round as a permanent resource for our global community.”

Echoing this sentiment, Yevheniia Broshevan, Co-Founder & CBDO at Hacken, said, “Anti-Scam Month by Bitget is a fantastic initiative and a powerful example for the industry, demonstrating how companies can raise awareness, educate users, and reduce the risk of future hacks. Education truly is a vital part of this journey.”

Yajin (Andy) Zhou, Co-Founder & CEO at BlockSec, added, “Hackers study user habits, such as copying addresses from transaction histories. Security efforts must focus on proactive defenses rather than blaming users. Security is not a solo battlefield. Blockchain platforms, compliance tools, and security firms must share threat intelligence to build a united defense system.”

Michael Lewellen, Technical Council at Security Alliance, emphasized, “Security isn’t about being impossible to hack or scam users. It’s just being hard enough to discourage threat actors from investing effort in the attempt. We need to harden Web3 infrastructure enough so that this ecosystem is no longer an easy, profitable target.”

The Bitget Anti-Scam Hub, now permanently live, offers users ongoing access to practical safety guides, real-time scam indicators, the official verification channel, and a crypto safety kit with 24/7 global support.

For more details, please visit the Bitget Anti-Scam Hub here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8d159ce-8a24-4435-a26b-bbe8c16cee3d

The MIL Network –

July 3, 2025
MIL-OSI: FIND MINING swept the Bitcoin mining farms, and 42 BTC shocked the industry – Green computing power set off a new wave of global wealth
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 02, 2025 (GLOBE NEWSWIRE) — As global investors re-examine their crypto asset allocation and the price of Bitcoin breaks through $107,000 per coin, British crypto technology company FIND MINING has once again sparked heated discussions in the industry. Recently, FIND MINING successfully mined 42 Bitcoins on the global Bitcoin main chain, with a single-day profit of approximately $4.48 million, breaking the single-day mining profit record this year and making this mining giant, known for its green energy, a leader in the global computing power list.

This is the sixth large-scale mining victory of FIND MINING in the past six weeks, behind which is its strong capital strength and cutting-edge sustainable energy layout. At present, FIND MINING’s business has expanded to many European countries such as the United States, Italy, Iceland, Norway, etc., and it efficiently operates 135 professional mining farms, with a service network covering 175 countries and regions, more than 9.4 million registered users worldwide, and more than 1.32 million mining machines deployed cumulatively, continuing to provide the most cost-effective cloud mining contracts for global retail investors.

Green energy and advanced computing power redefine Bitcoin mining

Against the backdrop of increasingly stringent global carbon neutrality goals, FIND MINING has taken the lead in completing the full-chain integration of green energy. Its mines are widely distributed in clean energy regions such as Northern Europe, North America and Eastern Europe. They rely on hydropower, wind power and solar energy to power mining machines, which not only significantly reduces operating costs, but also makes customers’ returns more competitive.

The core advantages of FIND MINING include:
- Zero-carbon emission mining farm system: fully use renewable energy for power supply to create an industry-leading green computing power network.
- Top mining machine cluster：Large-scale deployment of Bitmain’s latest generation of ASIC mining machines and multi-card GPU architecture, taking into account both explosive computing power and stable operation.
- Cold wallet asset protection：All customer assets are encrypted and stored in multi-signature cold wallets, and are regularly reviewed by a professional audit team, making risk prevention and control more reliable.
- Flexible multi-currency contracts：It supports cloud mining of multiple currencies such as BTC, XRP, DOGE, LTC, etc. There is no need for any hardware investment, and users can freely choose according to their needs.
FIND MINING’s financial strength has attracted attention from the industry

Since its establishment at the end of 2018, FIND MINING has completed strategic refinancing of more than 50 million US dollars, and its shareholders include veteran British venture capital institutions, international crypto funds and energy capital. In the current environment where the world is paying more and more attention to the security of mining platforms, FIND MINING has become a “safe haven” in the eyes of many investors with its compliant and transparent operations and regular audits.

Industry experts pointed out: “As global capital continues to flow into the crypto mining track, FIND MINING is reshaping the new standards of global crypto mining with its three core pillars of technology, green energy and safe operation.”

Zero threshold mining allows retail investors to easily grasp Bitcoin dividends

Different from traditional mining farms that require high equipment costs, FIND MINING has created a “zero threshold” cloud mining service for individual and institutional users. Users only need to register an account and select a mining contract to view daily earnings in real time and automatically withdraw cash, without any technical background or maintenance costs.

The platform also provides:

Real-time revenue tracking dashboard

24/7 online customer service support

Flexible payment, supports more than 14 withdrawal methods including USDT, BTC, XRP, DOGE, LTC, ETH, etc.

FIND MINING provides the most worthy cloud computing contracts for global retail investors. As shown below

The Bitcoin market is brewing a new round of explosion, FIND MINING helps global investors stay one step ahead

As the Federal Reserve’s monetary policy turns to easing, scarce assets such as gold and Bitcoin are ushering in a new round of value revaluation, and the on-chain computing power and miners’ income continue to rise. Against this background, FIND MINING is undoubtedly one of the most impressive and fastest growing crypto mining giants in the first half of 2025.

The rise of FIND MINING is by no means accidental, but the result of precise technology layout, strong capital support and green sustainable concept. For individual and institutional investors who are eager to find stable returns in the global economic uncertainty, FIND MINING is becoming one of the few high-quality platforms that can be “boarded”.

Visit the official website now to start your mining journey
https://findmining.com

Official APP download one-click download

For interviews, business cooperation or media coverage, please contact：
info@findmining.com

Attachment
- findminingsss
The MIL Network –
July 3, 2025
MIL-OSI: FIND MINING swept the Bitcoin mining farms, and 42 BTC shocked the industry – Green computing power set off a new wave of global wealth
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 02, 2025 (GLOBE NEWSWIRE) — As global investors re-examine their crypto asset allocation and the price of Bitcoin breaks through $107,000 per coin, British crypto technology company FIND MINING has once again sparked heated discussions in the industry. Recently, FIND MINING successfully mined 42 Bitcoins on the global Bitcoin main chain, with a single-day profit of approximately $4.48 million, breaking the single-day mining profit record this year and making this mining giant, known for its green energy, a leader in the global computing power list.

This is the sixth large-scale mining victory of FIND MINING in the past six weeks, behind which is its strong capital strength and cutting-edge sustainable energy layout. At present, FIND MINING’s business has expanded to many European countries such as the United States, Italy, Iceland, Norway, etc., and it efficiently operates 135 professional mining farms, with a service network covering 175 countries and regions, more than 9.4 million registered users worldwide, and more than 1.32 million mining machines deployed cumulatively, continuing to provide the most cost-effective cloud mining contracts for global retail investors.

Green energy and advanced computing power redefine Bitcoin mining

Against the backdrop of increasingly stringent global carbon neutrality goals, FIND MINING has taken the lead in completing the full-chain integration of green energy. Its mines are widely distributed in clean energy regions such as Northern Europe, North America and Eastern Europe. They rely on hydropower, wind power and solar energy to power mining machines, which not only significantly reduces operating costs, but also makes customers’ returns more competitive.

The core advantages of FIND MINING include:
- Zero-carbon emission mining farm system: fully use renewable energy for power supply to create an industry-leading green computing power network.
- Top mining machine cluster：Large-scale deployment of Bitmain’s latest generation of ASIC mining machines and multi-card GPU architecture, taking into account both explosive computing power and stable operation.
- Cold wallet asset protection：All customer assets are encrypted and stored in multi-signature cold wallets, and are regularly reviewed by a professional audit team, making risk prevention and control more reliable.
- Flexible multi-currency contracts：It supports cloud mining of multiple currencies such as BTC, XRP, DOGE, LTC, etc. There is no need for any hardware investment, and users can freely choose according to their needs.
FIND MINING’s financial strength has attracted attention from the industry

Since its establishment at the end of 2018, FIND MINING has completed strategic refinancing of more than 50 million US dollars, and its shareholders include veteran British venture capital institutions, international crypto funds and energy capital. In the current environment where the world is paying more and more attention to the security of mining platforms, FIND MINING has become a “safe haven” in the eyes of many investors with its compliant and transparent operations and regular audits.

Industry experts pointed out: “As global capital continues to flow into the crypto mining track, FIND MINING is reshaping the new standards of global crypto mining with its three core pillars of technology, green energy and safe operation.”

Zero threshold mining allows retail investors to easily grasp Bitcoin dividends

Different from traditional mining farms that require high equipment costs, FIND MINING has created a “zero threshold” cloud mining service for individual and institutional users. Users only need to register an account and select a mining contract to view daily earnings in real time and automatically withdraw cash, without any technical background or maintenance costs.

The platform also provides:

Real-time revenue tracking dashboard

24/7 online customer service support

Flexible payment, supports more than 14 withdrawal methods including USDT, BTC, XRP, DOGE, LTC, ETH, etc.

FIND MINING provides the most worthy cloud computing contracts for global retail investors. As shown below

The Bitcoin market is brewing a new round of explosion, FIND MINING helps global investors stay one step ahead

As the Federal Reserve’s monetary policy turns to easing, scarce assets such as gold and Bitcoin are ushering in a new round of value revaluation, and the on-chain computing power and miners’ income continue to rise. Against this background, FIND MINING is undoubtedly one of the most impressive and fastest growing crypto mining giants in the first half of 2025.

The rise of FIND MINING is by no means accidental, but the result of precise technology layout, strong capital support and green sustainable concept. For individual and institutional investors who are eager to find stable returns in the global economic uncertainty, FIND MINING is becoming one of the few high-quality platforms that can be “boarded”.

Visit the official website now to start your mining journey
https://findmining.com

Official APP download one-click download

For interviews, business cooperation or media coverage, please contact：
info@findmining.com

Attachment
- findminingsss
The MIL Network –
July 3, 2025
MIL-OSI Russia: Industrial and Commercial Bank of China’s Turkey branch granted clearing bank status for yuan settlements

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

BEIJING, July 3 (Xinhua) — The Industrial and Commercial Bank of China’s branch in Turkey has acquired the status of a clearing bank for yuan settlements, the People’s Bank of China (PBOC) said.

The regulator noted that this decision was made in accordance with the memorandum of understanding signed by the central banks of both countries.

Earlier, on June 13, the PBOC announced that the two banks had signed a memorandum of understanding to establish a clearing mechanism for yuan settlements in Turkey. Such a mechanism will facilitate the use of national currencies for cross-border settlements between enterprises and financial institutions in both countries, and will also further facilitate bilateral trade and investment procedures.

On the same day, the PBOC announced the extension of a bilateral currency swap agreement with the Central Bank of Turkey. The total amount of funds in it reached 35 billion yuan (approximately 4.88 billion US dollars), or 189 billion Turkish lira.

According to official data, China is currently Turkey’s largest trading partner in Asia and the third largest in the world. -0-

MIL OSI Russia News –

July 3, 2025
MIL-Evening Report: Childcare sexual abuse is mostly committed by men. Failing to recognise that puts children at risk

Source: The Conversation (Au and NZ) – By Delanie Woodlock, Senior research fellow, UNSW Sydney

Australians are reeling from the news that Victorian childcare worker Joshua Dale Brown has been charged with more than 70 offences against children, including rape.

As 1,200 children await results for sexually transmitted infections, a horror no parent should ever face, media commentary has begun to focus on how this case might have implications for male childcare workers.

Early childhood education is a heavily female-dominated field, and past inquiries into child sexual abuse by male educators have found that, in efforts to avoid appearing discriminatory, male workers are often subject to less scrutiny. This dynamic is compounded by efforts for gender balance in childcare, particularly for the perceived benefits of male role models.

Ironically, this fear of seeming biased can create the very conditions that offenders exploit – grooming colleagues, parents and children to commit abuse while hidden in plain sight.

While it is an uncomfortable fact to confront, research shows men with a sexual interest in children are disproportionately more likely to work with children, including in early education and care. Recent data show that one in 20 men in the Australian community are motivated offenders (individuals who reported both sexual interest in and offending against children). However, they are almost three times more likely to work with children compared to other men.

Unfortunately, systematic data on child sexual abuse in childcare settings are limited. However, existing findings align with the only comprehensive study conducted on this issue, which followed the highly publicised McMartin Preschool trial in the United States.

This study examined cases from 1983 to 1985, and identified 270 daycare centres where 1,639 children were found to have experienced substantiated sexual abuse. Although men made up only about 5% of childcare staff, they were responsible for 60% of the offences. The abuse was often severe, with 93% of victims subjected to some form of penetrative sexual violence.

Those who deliberately pursue employment with children to abuse them are often referred to as “professional perpetrators”. These individuals typically have multiple victims and pose a high risk of repeated harm.

In our current research on serial child sex offenders in childcare settings in Australia and internationally, we identified six cases involving between seven and 87 confirmed victims under the age of five. Five of the offenders were male and one was female. Together, they sexually abused at least 245 children.

There were striking similarities across these cases. Offenders primarily targeted pre-verbal children, evaded detection for long periods, and were only exposed through external investigations, most often related to the possession and distribution of child sexual abuse material.

Much like the details emerging from the case of Joshua Dale Brown in Victoria, none of these offenders was uncovered through internal safeguarding systems.

As is also alleged in the case of Brown, the perpetrators in our case studies were not isolated offenders. They were operating within online communities that normalise and reinforce abusive behaviour and the sharing of child sex abuse material of children who were in their care.

Research shows child sex offenders typically target pre-verbal children in their care.
Shutterstock

If, as some suggest, male workers are subject to close and sometimes unfair scrutiny, these cases highlight a troubling contradiction. Despite this purported scrutiny, child sexual abuse by male staff can and does occur over extended periods without detection in childcare settings. In fact, evidence from another case suggests staff are often hesitant to raise concerns about male colleagues for fear of being perceived as discriminatory.

It is important to highlight that although women comprise a small minority of child sexual abuse offenders, the reluctance to view women, particularly mothers, as potential perpetrators can also contribute to such abuse going undetected.

There also needs to be greater awareness of how these offenders infiltrate and groom institutions. In the case studies we analysed, offenders were seen as kind and competent workers. They were often friendly with management or held senior positions themselves, and would socialise outside of work with families whose children they cared for. Even when whistleblowers raised an alarm about the offenders, these concerns were often dismissed, with some offenders even being promoted.

While most child sexual abuse occurs within families, institutional abuse is no less serious. Unlike families, institutions that work with children can be effectively regulated, making such abuse entirely preventable through robust and consistently enforced safeguarding measures.

Since children under five may not be developmentally capable of reporting abuse, safeguards must be proactive and preventative. Childcare centres should implement surveillance measures in most areas and observe the “four eyes” rule, requiring at least two adults to be present during nappy changes and other care tasks. A strict no-phone policy could also reduce the risk of image-based offences.

Moreover, we must confront the uncomfortable truth that some men are drawn to work with children because of a sexual interest in them. Truly centring child protection in early education means prioritising children’s safety above profit, reputational concerns, and fears of appearing biased against men. Preventing child sexual abuse in childcare is not only possible, it is a collective responsibility we must all uphold.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. Childcare sexual abuse is mostly committed by men. Failing to recognise that puts children at risk – https://theconversation.com/childcare-sexual-abuse-is-mostly-committed-by-men-failing-to-recognise-that-puts-children-at-risk-260292

MIL OSI Analysis – EveningReport.nz –

July 3, 2025
MIL-Evening Report: Childcare sexual abuse is mostly committed by men. Failing to recognise that puts children at risk

Source: The Conversation (Au and NZ) – By Delanie Woodlock, Senior research fellow, UNSW Sydney

Australians are reeling from the news that Victorian childcare worker Joshua Dale Brown has been charged with more than 70 offences against children, including rape.

As 1,200 children await results for sexually transmitted infections, a horror no parent should ever face, media commentary has begun to focus on how this case might have implications for male childcare workers.

Early childhood education is a heavily female-dominated field, and past inquiries into child sexual abuse by male educators have found that, in efforts to avoid appearing discriminatory, male workers are often subject to less scrutiny. This dynamic is compounded by efforts for gender balance in childcare, particularly for the perceived benefits of male role models.

Ironically, this fear of seeming biased can create the very conditions that offenders exploit – grooming colleagues, parents and children to commit abuse while hidden in plain sight.

While it is an uncomfortable fact to confront, research shows men with a sexual interest in children are disproportionately more likely to work with children, including in early education and care. Recent data show that one in 20 men in the Australian community are motivated offenders (individuals who reported both sexual interest in and offending against children). However, they are almost three times more likely to work with children compared to other men.

Unfortunately, systematic data on child sexual abuse in childcare settings are limited. However, existing findings align with the only comprehensive study conducted on this issue, which followed the highly publicised McMartin Preschool trial in the United States.

This study examined cases from 1983 to 1985, and identified 270 daycare centres where 1,639 children were found to have experienced substantiated sexual abuse. Although men made up only about 5% of childcare staff, they were responsible for 60% of the offences. The abuse was often severe, with 93% of victims subjected to some form of penetrative sexual violence.

Those who deliberately pursue employment with children to abuse them are often referred to as “professional perpetrators”. These individuals typically have multiple victims and pose a high risk of repeated harm.

In our current research on serial child sex offenders in childcare settings in Australia and internationally, we identified six cases involving between seven and 87 confirmed victims under the age of five. Five of the offenders were male and one was female. Together, they sexually abused at least 245 children.

There were striking similarities across these cases. Offenders primarily targeted pre-verbal children, evaded detection for long periods, and were only exposed through external investigations, most often related to the possession and distribution of child sexual abuse material.

Much like the details emerging from the case of Joshua Dale Brown in Victoria, none of these offenders was uncovered through internal safeguarding systems.

As is also alleged in the case of Brown, the perpetrators in our case studies were not isolated offenders. They were operating within online communities that normalise and reinforce abusive behaviour and the sharing of child sex abuse material of children who were in their care.

Research shows child sex offenders typically target pre-verbal children in their care.
Shutterstock

If, as some suggest, male workers are subject to close and sometimes unfair scrutiny, these cases highlight a troubling contradiction. Despite this purported scrutiny, child sexual abuse by male staff can and does occur over extended periods without detection in childcare settings. In fact, evidence from another case suggests staff are often hesitant to raise concerns about male colleagues for fear of being perceived as discriminatory.

It is important to highlight that although women comprise a small minority of child sexual abuse offenders, the reluctance to view women, particularly mothers, as potential perpetrators can also contribute to such abuse going undetected.

There also needs to be greater awareness of how these offenders infiltrate and groom institutions. In the case studies we analysed, offenders were seen as kind and competent workers. They were often friendly with management or held senior positions themselves, and would socialise outside of work with families whose children they cared for. Even when whistleblowers raised an alarm about the offenders, these concerns were often dismissed, with some offenders even being promoted.

While most child sexual abuse occurs within families, institutional abuse is no less serious. Unlike families, institutions that work with children can be effectively regulated, making such abuse entirely preventable through robust and consistently enforced safeguarding measures.

Since children under five may not be developmentally capable of reporting abuse, safeguards must be proactive and preventative. Childcare centres should implement surveillance measures in most areas and observe the “four eyes” rule, requiring at least two adults to be present during nappy changes and other care tasks. A strict no-phone policy could also reduce the risk of image-based offences.

Moreover, we must confront the uncomfortable truth that some men are drawn to work with children because of a sexual interest in them. Truly centring child protection in early education means prioritising children’s safety above profit, reputational concerns, and fears of appearing biased against men. Preventing child sexual abuse in childcare is not only possible, it is a collective responsibility we must all uphold.

The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

– ref. Childcare sexual abuse is mostly committed by men. Failing to recognise that puts children at risk – https://theconversation.com/childcare-sexual-abuse-is-mostly-committed-by-men-failing-to-recognise-that-puts-children-at-risk-260292

MIL OSI Analysis – EveningReport.nz –

July 3, 2025
MIL-OSI China: China urges global unity on development financing at UN conference

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

Chinese President Xi Jinping’s Special Envoy and Minister of Finance Lan Fo’an delivers a speech at the United Nations Fourth International Conference on Financing for Development in Seville, Spain, on July 1, 2025. [Photo/Xinhua]

Chinese President Xi Jinping’s Special Envoy and Minister of Finance Lan Foan on Tuesday called for greater international cooperation and responsibility in addressing the global development financing gap, as he delivered a speech at the United Nations Fourth International Conference on Financing for Development in Spain.

Speaking at the general debate of the plenary session, Lan said that humanity is a community with a shared future. Citing President Xi, he said that in the face of turbulent global crises, countries are not navigating in more than 190 small boats, but are sailing together on one large ship with a shared destiny.

Lan noted that the world is facing a significant shortfall in development financing. He called on the international community to join hands and work together to address development challenges.

China urges developed countries to fully honor their commitments to official development assistance and climate finance, regard South-South cooperation as an important supplement to North-South cooperation, support broader mobilization of various development resources, and expand coordinated and orderly development financing channels.

China also calls for enhancing the voice and representation of developing countries in the international financial architecture, promoting the use of local currency financing instruments, strengthening the global financial safety net, and improving an efficient and sound development financing system.

In addition, Lan advocated for promoting trade and investment liberalization and facilitation, reducing the negative spillover effects of macroeconomic policies of major economies, and fostering an open and stable environment for development financing.

Lan emphasized that China has, within its capacity, actively provided financial support and opened its market to developing countries, helping them improve their capacity for independent development. He said that China remains committed to being a contributor to global development and to promoting common prosperity and progress for all nations.

MIL OSI China News –

July 3, 2025
MIL-OSI China: Consumption set to continue robust growth

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

chinadaily.com.cn | July 3, 2025

Bolstered by sustained policy support for trade-in programs, China’s consumption is likely to continue its robust growth momentum in the second half of the year, better underpinning the country’s stable economic growth amid mounting external uncertainties, analysts said.

China still has ample fiscal headroom to reinforce its trade-in initiative later this year should consumer demand exhaust its initial 300 billion yuan ($42 billion) allocation, they said, emphasizing that similar policy incentives could be extended to the service sector to foster more sustainable consumption growth.

On Tuesday, the Ministry of Finance announced the issuance of 11 ultra-long-term treasury bonds in the third quarter, with four of them seeing their timelines accelerated compared with the previous plan released in April. This will help maintain a continuous flow of funding to support policies meant to boost consumption, analysts said.

According to the National Development and Reform Commission, China’s top economic regulator, the third group of fiscal funding through ultra-long-term treasury bonds for the consumer goods trade-in program is scheduled to be allocated in July.

The central government has earmarked 300 billion yuan in ultra-long-term treasury bonds to support the trade-in program for the whole year. The first two groups of fiscal funding, totaling 162 billion yuan, were allocated in January and April.

“If the remaining 138 billion yuan runs out ahead of schedule, the possibility of unveiling additional funding this year cannot be ruled out,” said Zhao Wei, chief economist at Shenwan Hongyuan Securities.

“As the trade war initiated by the United States still weighs on China’s economy, efforts to shore up domestic demand will be of paramount importance to mitigate external shocks and maintain steady growth,” he said.

By avoiding a one-time, large-scale fund injection that could disrupt market dynamics, the phased allocation of the fiscal funds helps create a stable and supportive environment for the consumption recovery to take hold throughout the year, Zhao added.

In late June, the People’s Bank of China, the country’s central bank, also pledged to leverage various tools in support of the trade-in programs, such as increasing credit support for recycling companies and home renovation suppliers and fast-track financing for manufacturers of energy-efficient smart home products.

“Boosted by the trade-in programs, sales of household appliances, furniture and communication devices have registered rapid growth. Sales related to trade-ins have surpassed 1.4 trillion yuan so far this year,” said Li Chao, a spokeswoman for the National Development and Reform Commission, when addressing a news conference on June 26.

According to data from the National Bureau of Statistics, China’s consumer spending in May posted its strongest monthly growth since 2024, with retail sales of consumer goods expanding 6.4 percent year-on-year in May, a 1.3 percentage point increase from April.

Experts cautioned that although the trade-in policies have been effective in driving sales of consumers goods, they also carry the risk of front-loading consumer demand, which could create challenges down the line.

“Providing similar consumption incentives to promote service sector spending could become a key policy lever going forward,” said Jiang Zhao, an associate researcher at the Chinese Academy of International Trade and Economic Cooperation.

Jiang noted that development patterns in advanced economies indicate that upon entering high-income status, nations typically experience a gradual rise in the proportion of service consumption. As China approaches this threshold, its consumption structure is transitioning from being focused on goods to being focused on both goods and services, he said.

Nevertheless, service consumption spans diverse sectors such as elderly care, tourism, fitness and healthcare, implying that subsidy programs would demand substantial fiscal funding and pose significant oversight challenges, Jiang said, adding that any decision to implement such incentives would require prudent assessment based on practical conditions.

MIL OSI China News –

July 3, 2025
MIL-OSI China: How China’s Hefei incubates future industries from frontier science

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

This photo shows the Experimental Advanced Superconducting Tokamak (EAST) in Hefei, east China’s Anhui Province, Jan. 15, 2025. (Xinhua/Huang Bohan)

Residents of Hefei say the city has two suns — one suspends in the sky and the other lies in an industrial park in the city’s suburb.

Hefei, capital of east China’s Anhui Province, is home to the Experimental Advanced Superconducting Tokamak (EAST). It has been dubbed China’s “artificial sun” due to its unique fusion process, which simulates that of the sun. This facility lies at the heart of the country’s quest for commercial fusion power, an almost inexhaustible source of clean energy.

Earlier this year, the EAST set a new world record by maintaining a steady-state high-confinement plasma operation for 1,066 seconds. Motivated by its success, engineers are now busy building a new facility nearby — the Burning Plasma Experimental Superconducting Tokamak (BEST) — which is expected to showcase fusion electricity generation for the first time.

Technological breakthroughs are impressive, but equally noteworthy is the emergence of a booming industry surrounding these experimental facilities. While it may take another decade or two for commercial fusion to become a reality, the growth of the sector so far has been remarkable.

Engineers have designed a security check equipment utilizing a spin-off technology of fusion, which has been deployed at the city’s metro system. Another byproduct is a proton therapy system for treating multiple cancers, which will soon begin clinical operations.

“We aim to ‘lay eggs along the way,’ fostering new high-tech companies along our journey toward eventually realizing fusion power,” said Yang Qingxi, deputy director of the BEST department of Fusion Energy Tech., the company that is building the BEST.

Students view a model of the Burning Plasma Experimental Superconducting Tokamak (BEST) at an exhibition hall in Hefei, capital of east China’s Anhui Province, July 1, 2025. (Xinhua/Zhang Cheng)

The company exemplifies the new strategy adopted by Chinese cities like Hefei to foster new industries from cutting-edge technologies. This approach leverages spin-off technologies from frontier research and focuses on quickly building a supply chain around these technologies.

Nationwide, the Chinese government has called for establishing a growth mechanism for investment in future industries, including quantum technology, bio-manufacturing, embodied intelligence and 6G. This has spurred a swift market response to transform lab-based research into operational technologies with market impact.

In Hefei, which hosts the University of Science and Technology of China (USTC) and several national labs, future industries including fusion energy, quantum information and commercial space industry are picking up steam.

In the fusion sector, an industrial chain was built from scratch in just a few years. The city now hosts nearly 60 fusion-related companies, many of them being suppliers of materials and equipment needed in the construction of experimental facilities.

“Our superconductors used to rely on imports, which means longer delivery time and insufficient supply. Now domestic companies have managed to greatly raise the output,” said Yan Jianwen, chairman of Fusion Energy Tech. “For them, it will become a gigantic industry if fusion energy is realized.”

This photo taken on July 1, 2025 shows a model of the quantum satellite “Micius” at China Telecom Quantum Group, in Hefei, capital of east China’s Anhui Province. (Xinhua/Zhang Cheng)

The city’s quantum ascendance, derived from groundbreaking researches by USTC, has also fostered a thriving application ecosystem. Its “Quantum Avenue” has attracted dozens of tech firms to commercialize quantum technologies, including quantum computing, measurement and communication.

China Telecom Quantum Group, located near the avenue, displays a wide range of scenarios for its quantum products, from earthquake detection using quantum measurement to eavesdropping-proof phone calls powered by quantum communication.

“You can simply apply for a SIM card with quantum services to protect your phone from eavesdropping,” said Lyu Pin, chairman of the group, adding that such encrypted message and call services have nearly 6 million users, including many entrepreneurs fearing commercial espionage.

Quantum communication offers nearly unhackable data transmission, as any attempt to intercept or wiretap the quantum information will cause them to collapse and be detected.

“As public awareness of privacy protection rises, the user base of quantum communication is projected to reach tens of millions in the near future,” he said.

Lyu attributes the successful application of quantum technology to close collaboration between the company and researchers, as well as a supportive city government, which moves fast to green-light the application of new technologies.

“It usually takes decades and a lot of luck for basic science like quantum technology to enter the market, so it is very important to generate rewards through timely marketization, and for the government to facilitate this process,” said Zhang Jianxiao, who heads the group’s sci-tech innovation and strategic development department.

The city government of Hefei has set up an office dedicated to research-to-industry transformation and is soliciting companies that can form a supply chain for budding industries, said Li Chen, an official with Hefei’s development and reform commission.

“For companies and research institutes, pursuing commercialization opportunities as they develop helps generate profits and resources to better advance technologies,” he said. “For the government, this means finding new future industries and new growth points.”

MIL OSI China News –

July 3, 2025
MIL-OSI New Zealand: Legislation: Law Experts Issue Open letter to Govt calls for halt to the undemocratic Regulatory Standards Bill

Source: Professor Emeritus Jane Kelsey

As some of the country’s senior lawyers and researchers in a range of disciplines (law, economics, Tiriti o Waitangi, public policy, environment), including a former Prime Minister and two New Zealanders of the Year, we cannot stand by as the Regulatory Standards Bill is rushed through a parliamentary select committee next week.

Each of us has written extensively and spoken out against this Bill from our respective areas of expertise. Many of us have done so for the three previous iterations of this Bill when it was promoted unsuccessfully by the Act Party and the Business Round Roundtable (later, the New Zealand Institute).

On each of those occasions Parliament has rejected the Bill as philosophically and legally unsound, profoundly undemocratic, and contrary to Te Tiriti o Waitangi.

This time the Act Party has sought to bypass rigorous parliamentary scrutiny by securing commitments from the National and New Zealand First parties to legislate the Bill into law. There was an opportunity for public submissions on the proposal late last year, where it secured the support of only 0.33% of the over 23,000 New Zealanders who expressed their views on the consultation document. It is evident that the advice in virtually all the submissions was ignored by the government.

The Bill could have profound constitutional consequences. It establishes a set of principles as a benchmark for good legislation/regulation, many of which are highly questionable and designed to establish a presumption in favour of a libertarian view of the role of the state – one that ceased to have any currency globally more than a century ago. Te Tiriti o Waitangi has been excluded altogether. The power vested in the Minister for Regulation and a ministerial-appointed board is not subject to the normal accountabilities of Crown entities, conferring significant yet largely unaccountable authority on the executive.

Dr Jim Salinger, 2024 New Zealander of the Year, further notes the chilling effect the Bill will have on any future policy on climate change and adaptation following the almost $4 billion cost of the 2023 Auckland Anniversary weekend floods and Cyclone Gabrielle, the highest in our history.

While there is a select committee review of the Bill, it is truncated and circumscribed.

The Coalition government has decided to submit the Bill to the Finance and Expenditure Committee rather than the Justice Committee, limiting the time to hear many tens of thousands of oral submissions to just 30 hours – at most 360 submissions – with 5 minutes per submitter, and truncating the period for those hearings and the committee’s report, further exposes the hypocrisy that this Bill is about good governance, better laws, improved regulation, greater transparency and enhanced governmental accountability. We are gravely concerned that the National Party and New Zealand First appear to be complicit in this undemocratic process.

We have each thought long and hard about whether to say we want to challenge this Bill before the select committee, lest it give some credibility to a process that is devoid of legitimacy. Some of us, such as Professor Dame Anne Salmond, 2013 New Zealander of the Year, and Professor Andrew Geddis, made written submissions, but feel there is no point in participating such a harmful process.

Professor Emeritus Jonathan Boston, Dr Geoffrey Bertram, Dr Bill Rosenberg and Dr Max Harris have indicated they want to address the committee to reinforce their submissions. In Professor Boston’s view: “The current Bill is destined to have a very short and ignominious life as an Act of Parliament: it enjoys virtually no public support; it lacks cross-party backing; it is opposed by the very Ministry that will be responsible for its implementation; and it endorses principles that have been found wanting by multiple generations of people throughout the world”.

In similar vein, long-standing academic critic of the Bill Professor Emeritus Jane Kelsey feels a responsibility “to speak truth to power” – in this case the abuse of proper process and the Act Party’s ongoing contempt for Te Tiriti o Waitangi.

For a time it appeared the Sir Geoffrey Palmer, former Prime Minister and Minister of Justice, Professor of Law at Te Herenga Waka/ Victoria University of Wellington, author of numerous books on parliamentary constitutinalism, and staunch critic of the Bill, was originally not invited to address the select committee, despite saying but he wanted to be heard. He was subsequently offered an opportunity.

All of us appeal to the National and New Zealand First parties to find their democratic voice and prevent this Bill from proceeding past the select committee.

Equally importantly, they are calling on Speaker of the House Gerry Brownlee, as the Chair of the forthcoming review of Standing Orders, to conduct a first principles review of the select committee processes to find an appropriate balance for democratic participation in the digital era, and an effective way to reinstate some degree of integrity and rigorous review to law-making in Aotearoa New Zealand.

Signatures include:

Dame Anne Salmond

Sir Geoffrey Palmer

Professor Emeritus Jonathan Boston

Professor Andrew Geddis

Dr Jim Salinger

Dr Geoff Bertram

Dr Bill Rosenberg

Dr Max Harris

Professor Emeritus Jane Kelsey.

MIL OSI New Zealand News –

July 3, 2025
MIL-OSI New Zealand: Environment – “A Dirty Deal for Dirty Water” – Government’s $56m irrigation subsidy blasted by Greenpeace

Source: Greenpeace

Greenpeace strongly condemns the announcement today of a $56 million government subsidy for additional irrigation infrastructure in rural Canterbury, saying that this will result in increased water pollution and the destruction of fragile freshwater ecosystems.

The Government has announced a $56 million dollar subsidy through the Regional Investment Fund for three water storage projects in the Canterbury region – the Opuha Dam and Irrigation Scheme, the Balmoral Water Storage Facility (Amuri), and the Waimakariri Irrigation Scheme.

Greenpeace spokesperson Will Appelbe says, “It is deeply irresponsible to use public money to fund the expansion of these irrigation schemes, which will lead to more intensive dairy, more cows, and more pollution. This is a dirty deal for dirty water.”

“Shane Jones needs to go down and front up to rural communities in Canterbury whose drinking water is already so contaminated with nitrates they can’t safely drink it and explain why he is funding irrigation for dirty dairying that will contaminate their water more.

“Everyone should be able to safely drink the water coming out of their kitchen tap, but right now, some rural communities are facing the reality that they cannot do so, because their drinking water is contaminated with unsafe levels of nitrate.”

Elevated levels of nitrate contamination in drinking water has been associated with several health risks including colorectal cancer and preterm birth. Stats New Zealand data released last week revealed that between 2019 and 2024 more than 12% of groundwater monitoring sites exceeded nitrate levels associated with Blue Baby Syndrome.

“The source of nitrate contamination in drinking water is effluent runoff and nitrate leaching from the intensive dairy industry,” says Appelbe.

“Subsidising new irrigation infrastructure, which will lead to more intensive dairying and therefore more contamination of groundwater and drinking water, shows that this Government has a total disregard for the health of rural communities who cannot drink the water coming out of their kitchen tap.”

Appelbe says this comes off the back of the announcement of a wave of regulation changes that Greenpeace has labelled the Government’s ‘Freshwater Pollution Plan’.

“This Government is seeking to strip back freshwater protections across the board – despite the fact that New Zealanders across the entire political spectrum want to see more protection for freshwater, not less.”

“The Government must end all subsidies for irrigation infrastructure immediately, and ensure freshwater pollution from the intensive dairy industry is stopped at the source.”

MIL OSI New Zealand News –

July 3, 2025
MIL-OSI: Commodities & Resources PTE Ltd. Announces Acquisition of Shares of Belmont Resources Inc. Pursuant to a Convertible Loan Agreement

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) — Commodities & Resources PTE Ltd. (the “Acquiror”), a private investment company incorporated in Singapore, announces that on October 19, 2023 it entered into a Convertible Loan Agreement with Belmont Resources Inc. (TSX-V: BEA) (the “Issuer”) in the principal amount of CAD $210,000. The Loan bore no interest and was payable on or before April 1, 2024. If the Issuer failed to repay the Loan in full on or before April 1, 2024, interest on arrears of 12% per annum was payable by the issuer beginning on April 2, 2024. The Acquiror had the option to have the Loan repaid through the issuance of 7,000,000 Common Shares at a deemed value of $0.03 per share.

Immediately prior to entering into the Convertible Loan Agreement, the Acquiror owned and controlled 7,000,000 Common Shares of the Issuer, representing approximately 8.89% of the issued and outstanding Common Shares of the Issuer. The Acquiror continued to hold that number and percentage of Common Shares (on a non-diluted basis) immediately after entering into the Convertible Loan Agreement.

As a result of entering into the Convertible Loan Agreement, on a partially diluted basis (i.e., assuming full conversion of the Loan immediately after entering into the Convertible Loan Agreement), the Acquiror held a total of 14,000,000 Common Shares immediately after entering into the Convertible Loan Agreement, representing approximately 16.3% of the Issuer’s issued and outstanding Common Shares.

The Acquiror subsequently exercised its conversion right and on January 18, 2024 the Acquiror was issued 7,000,000 Common Shares of the Issuer. As a result of the conversion of the Loan and immediately following conversion, the Acquiror held a total of 14,000,000 Common Shares, representing approximately 15.11% of the Issuer’s issued and outstanding Common Shares.

The common shares were acquired for investment purposes. This investment will be reviewed on a continuing basis by the Acquiror and such holdings may be increased or decreased in the future. The Acquiror may in the future acquire or dispose of the common shares through the open market, privately or otherwise, as circumstances or market conditions warrant.

The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. To obtain a copy of the early warning report filed by the Acquiror, please contact the Acquiror c/o Mohammed Ajmal at +65 6222 7 445 or refer to the Company’s SEDAR+ profile at www.sedarplus.ca.

Commodities & Resources PTE Ltd.
16 Raffles Quay
#32-03 Hong Leong Bldg
Singapore 048581
Singapore
Mohammed Ajmal
finance@commres.sg

The MIL Network –

July 3, 2025
MIL-OSI: Commodities & Resources PTE Ltd. Announces Acquisition of Shares of Belmont Resources Inc. Pursuant to Private Placement

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 02, 2025 (GLOBE NEWSWIRE) — Commodities & Resources PTE Ltd. (the “Acquiror”), a private investment company incorporated in Singapore, announces that on April 8, 2025, the Acquiror acquired Common Shares of Belmont Resources Inc. (TSX-V: BEA)(the “Issuer”). The Issuer completed a private placement of Common Shares, issuing a total of 4,000,000 shares to the Acquiror at a price of $0.045 per share for proceeds of $180,000 (the “Private Placement”).

Immediately prior to the closing of the Private Placement, the Acquiror held 14,000,000 Common Shares of the Issuer, representing approximately 13.7% of the Issuer’s issued and outstanding Shares.

As a result of the completion of the Private Placement, the Acquiror held 18,000,000 Common Shares, representing approximately 16.95% of the Issuer’s issued and outstanding Common Shares.

The Acquiror purchased Common Shares under the Private Placement for business and investment purposes. The Acquiror may, depending on market and other conditions, increase or decrease its beneficial ownership of or control or direction over the Issuer’s securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. To obtain a copy of the early warning report filed by the Acquiror, please contact the Acquiror c/o Mohammed Ajmal at +65 6222 7 445 or refer to the Company’s SEDAR+ profile at www.sedarplus.ca.

Commodities & Resources PTE Ltd.
16 Raffles Quay
#32-03 Hong Leong Bldg
Singapore 048581
Singapore
Mohammed Ajmal
finance@commres.sg

The MIL Network –

July 3, 2025
MIL-Evening Report: Creative Australia’s backflip on Venice Biennale representatives exposes deep governance failures

Source: The Conversation (Au and NZ) – By Samuel Cairnduff, Lecturer in Media and Communications, The University of Melbourne

The reinstatement of artist Khaled Sabsabi and curator Michael Dagostino as Australia’s representatives for the 2026 Venice Biennale closes a bruising recent cultural episode and exposes the fragility of the systems meant to protect artistic freedom in Australia.

An independent review released this week confirms this was not simply a communications misstep.

It was a full-scale institutional failure inside Australia’s peak cultural agency, Creative Australia, marked by poor risk management, inadequate escalation protocols, and a fundamental confusion about how to respond when artistic expression meets political controversy.

What triggered the collapse

The crisis began in February, just six days after Sabsabi and Dagostino were announced as Australia’s representatives.

In a sudden reversal, Creative Australia’s board rescinded their appointment.

At the centre of the backlash were two of Sabsabi’s earlier works – one referencing Hezbollah leader Hassan Nasrallah, the other depicting a view of the Twin Towers on 9/11.

Coalition senator Claire Chandler raised the issue in Parliament. That evening the board held an emergency meeting. The artists were removed, with Creative Australia citing concerns about “a prolonged and divisive debate” that posed “an unacceptable risk to public support for Australia’s artistic community”.

The decision triggered resignations, protests and widespread condemnation.

Mikala Tai, Head of Visual Arts, and program manager Tahmina Maskinyar both resigned. Artist and board member Lindy Lee stepped down. Major donor Simon Mordant withdrew support, calling the move “unprecedented”. More than 4,300 people signed petitions demanding reinstatement.

In May, chair Robert Morgan resigned from the board, after telling a February senate hearing he would not step down.

What the review found

This week’s review, conducted by governance consultancy Blackhall & Pearl, offers a damning but restrained post-mortem.

It finds no evidence of political interference but reveals Creative Australia lacked basic tools to respond to controversy.

The agency lacked formal risk assessment processes, a crisis plan, and a clear mechanism for escalating or containing reputational issues.

More troublingly, the report found the board and staff misunderstood risk itself, believing that identifying risks meant avoiding them.

In other words, Creative Australia treated controversy as something to flee, not manage. The result was paralysis and ultimately capitulation.

A fragile funding model

The episode also exposes the fragility of Australia’s arms-length funding model. As cultural policy expert Jo Caust has noted, this model relies on two key elements: peer review and operational independence from political direction. Both were tested by these events.

Read more:
Creative Australia’s decisions should be peer reviewed and at arm’s length. Where did things go wrong?

Arts Minister Tony Burke’s public expression of “shock” at Sabsabi’s appointment and his suggestion he should have been briefed sent a troubling signal about government oversight.

In a message released with the review, Creative Australia CEO Adrian Collette acknowledged the damage done:

The decision the Board took in February has weighed heavily on many people, most particularly the artistic team – and for that we are sorry […] We are also sorry that this has caused concern and uncertainty for many in the broader arts community and we are committed to rebuilding trust in our processes for the commissioning of the Venice Biennale.

What must change

The report makes nine recommendations, including clearer governance frameworks, stronger risk protocols and better board training. But the deeper issue is cultural.

Institutions must find the courage to support artists under pressure, not retreat.

This means rejecting the false binary between risk management and artistic freedom. Effective risk planning should equip institutions to defend challenging work, not discourage it.

It also requires cultural leaders to accept that controversy is not a failure to be avoided, but often a by-product of meaningful expression.

A global warning

The sector has been here before. The 2015 “Brandis affair”, when then-arts minister George Brandis redirected A$105 million from the Australia Council (predecessor to Creative Australia) into a minister-controlled fund, sparked similar alarm about political influence.

But this crisis is more revealing. The pressure came not through overt interference but through internal uncertainty and a lack of institutional resolve.

Globally, cultural institutions face similar strains. Book bans in the United States, museum purges in Hungary, and artistic blacklists in Russia all point to a global narrowing of space for free expression.

What happened here is not the same, but it warns that institutions can fail without censorship, simply by lacking the will to stand firm.

A turning point – or not?

Sabsabi and Dagostino’s reinstatement is not just a symbolic correction. It is a test.

Can Creative Australia rebuild trust with a community that saw it falter? Will future risk processes be used to support bold programming or suppress it? And will this moment mark the beginning of a stronger, more principled approach to cultural leadership, or a drift into safer, smaller territory?

As Sabsabi and Dagostino prepare for Venice, they carry more than artistic hopes. They carry a test of whether this moment marks a turning point in Australian cultural governance.

Their reinstatement is not simply a symbolic reversal. It is a chance to restore trust and demonstrate that institutions can learn from failure.

Whether this becomes a real shift or missed opportunity depends not only on Creative Australia, but on whether institutions across the country defend artistic integrity and rebuild the leadership culture this moment demands.

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

– ref. Creative Australia’s backflip on Venice Biennale representatives exposes deep governance failures – https://theconversation.com/creative-australias-backflip-on-venice-biennale-representatives-exposes-deep-governance-failures-260402

MIL OSI Analysis – EveningReport.nz –

July 3, 2025
MIL-OSI USA: Governor Lamont Signs Biennial State Budget for 2026 and 2027
Source: US State of Connecticut

(HARTFORD, CT) – Governor Ned Lamont today announced that he has signed into law the biennial state budget bill for fiscal years 2026 and 2027, which makes historic investments to expand access to early childhood education, which is among the costliest item for families, all while holding the line on taxes.

Notable investments include:
- Early childhood education: The budget makes historic levels of investment to support Connecticut’s early childhood education system, including $417.5 million in fiscal year 2026 and $443 million in fiscal year 2027. General Fund appropriations for early childhood education are up $252.7 million between fiscal years 2018 and 2027 – a 133% increase. In addition to these investments, the budget establishes the Early Childhood Education Endowment by transferring up to $300 million of the unappropriated General Fund surplus at the close of fiscal year 2025. This endowment will be used to make more early childhood education slots available and enroll more children into the system.
- Special education: The budget makes historic levels of investments to support special education, growing by $44.9 million in fiscal year 2026 and an additional $49.9 million in fiscal year 2027, as well as capital investments of $10 million in each year. By 2027, state investments in special education will have grown by 95%.
- K-12 education: The budget fully funds Education Cost Sharing (ECS) grants for towns and cities, including a hold harmless provision that provides $8.7 million in fiscal year 2026 and $17.4 million in fiscal year 2027 to ensure that no municipality loses ECS funding over the biennium. Since Governor Lamont took office in 2019, ECS grants have grown by roughly $443 million – an 18% increases in support for K-12 public schools.
- Higher education: The budget increases funding for the Roberta B. Willis Scholarship Fund – Connecticut’s state-funded scholarship program for residents who attend in-state public and private higher education institutions – by $1.4 million in fiscal year 2026 and $16.4 million in fiscal year 2027. When combined with $15 million previously reserved for fiscal year 2026, both years of the biennium will be funded at $41 million – the highest level of state-appropriated scholarship funding in more than a decade. General Fund support for UConn is increased by an additional $49 million in fiscal year 2026 and $34 million in fiscal year 2027; UConn Health receives an additional $29 million in fiscal year 2026 and an additional $25 million in fiscal year 2027; and Connecticut State Colleges and Universities (CSCU) receives a budget increase of an additional $32 million in fiscal year 2026 and $45 million in 2027.
- Health and human service providers: The budget supports $50 million in fiscal year 2026 to annualize fiscal year 2025 increases and $126 million in fiscal year 2027 to support a 3% increase for private providers, plus an additional $30 million specific to non-DDS providers. Plus, the budget provides an additional $100.1 million to support the group home settlement over the biennium, representing a 15% increase.
- Housing: The budget provides $3.5 million in fiscal year 2026 and $5 million in fiscal year 2027 to support eviction prevention, as well as support HUBs, which are the physical locations where individuals and families get appointments to gain access to homelessness resources. Plus $6.7 million is provided, beginning in fiscal year 2027, to increase elderly and disabled RAP vouchers, as well as HeadStart on Housing Vouchers, which is a system approach to combating homelessness with the support and collaboration of private providers, state agencies, and local communities across housing, childcare, and social services.
Governor Lamont said, “This is a balanced, sensible budget that is under the spending cap, provides predictability and stability for residents, businesses, and municipalities, and holds the line on taxes while keeping us on a sound fiscal path. Importantly, it includes significant investments in our education system, beginning with historic levels of support for early childhood education, up through our K-12 public schools and our higher education institutions. It also protects our social services safety net, prioritizing our health and human services providers and increasing support for our most vulnerable residents, including seniors and those who have disabilities, who receive Medicaid. And while we are doing all of this, we are continuing to make historic and long-overdue payments into the pension system, preserving the strength of our fiscal guardrails, and making fiscally responsible investments into the rainy-day fund that will protect our state against any potential economic headwinds we may face in the future. I thank the legislature for their hard work and collaboration on this budget. While other states are increasing taxes and cutting services, economic analysts are pointing to Connecticut as an example of a state that has worked hard to maintain fiscal stability and is making the smart decisions that are critical for economic growth.”

Senate President Pro Tempore Martin M. Looney said, “This budget includes several major initiatives, including a new trust fund for early childhood education that will be transformative in getting children ready for kindergarten, and a larger investment in special education to help towns deal with ever-increasing special education costs.”

Speaker of the House Matt Ritter said, “Our budget showcases our priorities. We make critical investments in education and childcare while providing relief to thousands of working families with a $250 credit through the EITC framework. This budget was a team effort and I want to thank the chairs, Senate leaders, Governor and the staffs who worked so hard to ensure we crossed the finish line.”

Senate Majority Leader Bob Duff said, “Voting for a significant special education funding increase and prioritizing millions of dollars more in the classroom underscores our commitment to students, parents, teachers and school personnel across this state. I want to thank Senator Looney for fighting for a strong state budget, as well as Senators Osten and Fonfara, Speaker Ritter, Majority Leader Rojas, their fiscal chairs, and all our hardworking staff for negotiating a two-year budget that delivers on so many of our promises.”

House Majority Leader Jason Rojas said, “This budget represents a bold investment in Connecticut’s most vital asset: our people. It reflects our commitment to invest in our future – our youngest learners – through historic levels of funding for early childhood education and childcare as well as investments in special education and fully funding the state’s obligation to our traditional public schools. We know that when we invest in our children, we invest in the foundation of our communities. We continue to support our towns and cities by sustaining and increasing municipal aid to help relieve the pressure of property taxes and ensure that local governments can serve residents effectively. We’re also addressing some of the most urgent needs in our state, including affordable housing and transportation so people and our economy can keep moving forward.”

Senator Cathy Osten, co-chair of the Appropriations Committee, said, “This is a good budget that addresses the real issues for real people that we heard about in countless hours of public hearings – food, health care, nonprofits and education.”

State Representative Maria Horn, co-chair of the Finance, Revenue, and Bonding Committee, said, “This budget reflects the legislature’s commitment to responsible, people-first policymaking. We delivered a $250 refundable credit for working families, a $500 credit for home daycare providers, and new incentives to help families save for college – all targeted toward easing everyday costs. We also ensured small businesses can compete on a fairer playing field by modernizing our tax code and expanding support for local farms and rural economies. Even with a tough revenue forecast, we passed a balanced, forward-looking budget that supports families, strengthens our workforce, and creates a better environment for small businesses to thrive.”

The budget bill is Public Act 25-168. The 2026 fiscal year begins July 1, 2025.

MIL OSI USA News –
July 3, 2025
MIL-OSI: Wen Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing July 7, 2025

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 02, 2025 (GLOBE NEWSWIRE) — Wen Acquisition Corp (Nasdaq: WENNU) (the “Company”) announced today that, commencing July 7, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “WENN” and “WENNW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “WENNU.”

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

About Wen Acquisition Corp

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on infrastructure companies in the financial technology (“fintech”) sector that are focused on enablement of digital assets, such as stablecoins, through the incorporation and integration of blockchain networks into the traditional financial systems.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Wen Acquisition Corp

Jurgen van de Vyver

jurgen@launchpad.vc

(510) 692-9600

The MIL Network –

July 3, 2025
MIL-OSI: Wen Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing July 7, 2025

Source: GlobeNewswire (MIL-OSI)

New York, NY, July 02, 2025 (GLOBE NEWSWIRE) — Wen Acquisition Corp (Nasdaq: WENNU) (the “Company”) announced today that, commencing July 7, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “WENN” and “WENNW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “WENNU.”

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

About Wen Acquisition Corp

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on infrastructure companies in the financial technology (“fintech”) sector that are focused on enablement of digital assets, such as stablecoins, through the incorporation and integration of blockchain networks into the traditional financial systems.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Wen Acquisition Corp

Jurgen van de Vyver

jurgen@launchpad.vc

(510) 692-9600

The MIL Network –

July 3, 2025
MIL-OSI China: Microsoft to lay off over 9,000 employees

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

Microsoft said Wednesday that it will lay off about 9,100 employees, which will be the largest layoff since 2023.

According to local media reports, the move will affect less than 4 percent of its global workforce, which totals about 228,000 employees.

Microsoft has had several rounds of layoffs this year, including a nearly one-percent cut of employees in January, a layoff of over 6,000 in May and at least 300 more in June.

For the quarter ending March 31, Microsoft’s revenue was reported as 70.07 billion U.S. dollars, representing a 13-percent increase year-over-year, which exceeded analysts’ expectations. The company’s net income also surpassed estimates, reaching 25.82 billion dollars, or 3.46 dollars per share.

MIL OSI China News –

July 3, 2025
MIL-OSI USA: Governor Newsom announces appointments 7.2.25

Source: US State of California Governor

Jul 2, 2025

SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

Tamie McGowen, of Folsom, has been appointed Senior Advisor for Strategy and Operations for the California State Transportation Agency. McGowen has been Deputy Secretary of Communications at the California State Transportation Agency since 2023. McGowan held multiple positions at the California Department of Transportation from 1992 to 2023, including Acting Deputy Secretary for California State Transportation Agency Communications, Assistant Deputy Director of Public Affairs, Division Chief of Public Affairs, Deputy Advisor and Administrative Services Manager, Deputy Advisor/Resource Manager, and Resource Manager of Civil Rights. McGowen earned a Bachelor of Arts degree in Communications from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $195,708. McGowen is registered without party preference.

Christina Mun, of Alameda, has been appointed Deputy Secretary of Housing Finance at the California Business, Consumer Services, and Housing Agency. Mun was Chief Strategy Officer for LeSar Holdings from 2023 to 2025. She held multiple positions at the City of Oakland Housing and Community Development Department from 2020 to 2023 including Interim Director, Deputy Director, and Chief of Staff. Mun was Multifamily Lending Senior Project Manager for City and County of San Francisco Mayor’s Office of Housing and Community Development from 2019 to 2020. She was Associate Director of Policy and Portfolio Analytics for New York City Housing Development Corporation from 2017 to 2019. Mun was Senior Project Manager for the Division of Strategic Planning for New York City Housing Preservation and Development from 2015 to 2017. She was an Acquisitions Project Manager for Resources for Community Development from 2013 to 2015. Mun was a Development Project Manager for John Stewart Company from 2009 to 2013. She was an Associate Consultant for Bay Area Economics from 2000 to 2004. Mun is a board member of East Bay Housing Organizations and serves on the ULI San Francisco Housing the Bay Steering Committee. She earned a Master of Arts in Urban Planning from the University of California, Berkeley and a Bachelor of Arts in Urban Studies from the University of California, San Diego. This position does not require Senate confirmation, and the compensation is $191,112. Mun is a Democrat.

Joelle Ball-Straight, of Elk Grove, has been appointed Chief Deputy Director at the California Workforce Development Board. Ball-Straight has been Deputy Director of Program Implementation and Regional Support at the California Workforce Development Board since 2018, where she was Acting Deputy Director of Program Implementation and Regional Support from 2016 to 2018. She earned a Bachelor of Arts degree in Liberal Studies from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $159,660. Ball-Straight is registered with no party preference.

Alison Saltonstall, of Citrus Heights, has been appointed to the California Court Reporters Board. Alison has been a Court Reporter at Sacramento Superior Court since 2017. She currently is the President of the Sacramento Official Court Reporters Association and the on board of United Public Employees, representing the Court Reporters’ unit. This position requires Senate confirmation, and the compensation is $100 per diem. Alison is registered without a party preference.

Heatherlynn Gonzalez, of Los Angeles, has been appointed to the California Court Reporters Board. Gonzalez has been a Certified Shorthand Reporter since 2011. She is a member of the California Deposition Reporters Association. Gonzalez earned a Bachelor of Arts in Theater Arts and Communication/Music Composition and Theory from Whittier College. This position requires Senate confirmation, and the compensation is $100 per diem. Gonzalez is a Democrat.

Roy Mathur, of Hercules, has been appointed to Board of Pilot Commissioners for the Bays of San Francisco, San Pablo, and Suisun. Mathur has been Captain and Wharf Master for PBF Energy – Martinez Refining Company since 2015. He was Oil Spill Specialist for the Office of Spill Prevention and Response for the California Department of Fish and Wildlife from 2004 to 2015. Mathur was Marine Terminal Specialist for the State Lands Commission from 1995 to 2004. He was Superintendent and Terminal Operations Manager for SSA Terminals from 1994 to 1995. Mathur was Master Mariner for Great Eastern Shipping Company from 1979 to 1994. He earned a Bachelor of Science degree in Maritime Studies from the LBS College of Advanced Maritime Studies and Research. This position requires Senate confirmation, and there is no compensation. Mathur is a Democrat.

Steven Panelli, of San Mateo, has been reappointed to the Contractors State Licensing Board, where he has served since 2021. Panelli has had multiple positions at the San Francisco Department of Building Inspection since 2005, including Chief Plumbing Inspector and Senior Plumbing Inspector. He is President of the International Association of Plumbing and Mechanical Officials and member of UA Local 38. This position requires Senate confirmation, and the compensation is $100 per diem. Panelli is registered without party preference.

Henry Nutt III, of American Canyon, has been reappointed to the Contractors State Licensing Board where he has served since 2024. Nutt has been a Preconstruction Executive for Southland Industries since 2019 and a Sheet Metal General Superintendent for Southland Industries since 2007. He is a member of Lean Construction Institute, Associated General Contractors of American, and Associated General Contractors of California. This position requires Senate confirmation, and the compensation is $100 per diem. Nutt is a Democrat.

Alan Guy, of Lafayette, has been reappointed to the Contractors State Licensing Board, where he has served since 2022. Guy has been Chief Executive Officer and President of Anvil Builders Inc. since 2010. He was Project Manager at Webcor Builders Inc from 2005 to 2009. He earned a Bachelor of Science in Mechanical Engineering from the University of California, Davis. This position requires Senate confirmation, and the compensation is $100 per diem. Guy is a Republican.

Press releases, Recent news

Recent news

Jul 2, 2025

News SACRAMENTO – Governor Gavin Newsom issued the following statement regarding the death of California Highway Patrol Officer Miguel Cano:“Officer Miguel Cano dedicated his life to serving our communities, and his passing is a heartbreaking loss for the state and…

Jul 2, 2025

News What you need to know: Governor Newsom is more than doubling the state’s Film and Television Tax Credit Program, and adding 16 new television projects that will generate $1.1 billion in new economic activity. BURBANK – Today, Governor Gavin Newsom joined labor…

Jul 2, 2025

News SACRAMENTO — Republicans spent the last 6 months fearmongering that gasoline prices would “increase by 65 cents on July 1.” Did that happen?The answer: NoIn fact, in California, gasoline prices at the pump (on average) are cheaper than yesterday, cheaper than it…

MIL OSI USA News –

July 3, 2025

Maturity	Rate	Bidding Volume	Winning Bid Volume
7 days	1.40%	RMB57.2 billion	RMB57.2 billion

Category: Business

Letting go of binaries

You can’t be what you can’t see

Letting go of binaries

You can’t be what you can’t see

Source: Greenpeace

What triggered the collapse

What the review found

A fragile funding model

What must change

A global warning

A turning point – or not?

Recent news