Category: Business

  • MIL-OSI USA: June 3rd, 2025 Heinrich, Vasquez Aerial Firefighting Enhancement Act Heads to White House

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich

    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, and U.S. Representative Gabe Vasquez (D-N.M.), announced that their Aerial Firefighting Enhancement Act of 2025, legislation to strengthen the aerial wildfire suppression fleet and better combat the year-round threat of catastrophic wildfire, passed the U.S. House of Representatives. This is the first bill passed by Vasquez in the House this Congress. Heinrich announced passage of the bill in the U.S. Senate in April. The legislation now heads to the White House to be signed into law.

    This news comes on the heels of Heinrich’s announcement today that he successfully secured the continued operation of the Interagency Dispatch Centers in Albuquerque and Silver City, which help get resources – like airtankers from Kirtland Air Force Base — to where they’re needed to help protect New Mexicans during wildfires, floods, and other emergencies. 

    The Aerial Firefighting Enhancement Act is co-sponsored by U.S. Senator Ben Ray Luján (D-N.M.) and U.S. Representative Melanie Stansbury (D-N.M.).

    Alongside Heinrich and Vasquez, the legislation is led by U.S. Senator Tim Sheehy (R-Mont.) and U.S. Representatives Jake Ellzey (R-Texas) and Salud Carbajal (D-Calif.). Alongside Luján and Stansbury, the legislation is co-sponsored by U.S. Senators Mark Kelly (D-Ariz.), Alex Padilla (D-Calif.), Raphael Warnock (D-Ga.), Mike Crapo (R-Idaho), James Risch (R-Idaho), and Markwayne Mullin (R-Okla.).

    “I’m pleased that my Aerial Firefighting Enhancement Act passed both chambers of Congress and is headed to the White House to be signed into law,” said Heinrich. “I urge the president to immediately sign the Aerial Firefighting Enhancement Act, which is urgently needed to expand the operations of Very Large Air Tankers that have proven absolutely essential to firefighters battling large wildfires in New Mexico and across the West. I will never stop fighting to deliver the resources that our communities need to effectively respond to wildfires.”

    “In the West — and especially in New Mexico — wildfire season never really ends. Getting this bill through the House is a big step toward making sure our communities have the tools they need to stay safe,” said Vasquez. “This legislation strengthens our aerial firefighting fleet and supports critical partners like Albuquerque’s 10 Tanker. I look forward to President Trump signing my bipartisan bill into law.”

    “Wildfires have ravaged New Mexico and Western states in recent years, making the need to boost wildfire suppression more urgent than ever,” said Luján. “The Aerial Firefighting Enhancement Act will strengthen our aerial wildfire suppression fleet, help our firefighters respond faster, and better protect our communities. I’m proud to see this bipartisan legislation head to the president’s desk and soon become law.”

    “Deeply proud to help get this bipartisan, bicameral bill to help address wildfires across the finish line in Congress,” said Stansbury. “New Mexico is on the frontlines and we are working every day to ensure our firefighters and first responders have the resources they need.”

    “This year is the most dangerous and expensive wildfire year in history, and the Aerial Firefighting Enhancement Act will give wildland firefighters the tools they need to protect communities and save lives. Eliminating bureaucratic obstacles to fight wildfires more quickly and aggressively is America First common sense, and I appreciate my colleagues in the House and Senate for their support. I look forward to seeing this bipartisan bill cross the finish line so we can better support the brave first responders on the front lines fighting wildfires across the country,” said Sheehy.

    “In Arizona and across the West, wildfires are more frequent, more intense, and no longer confined to a single season. Our response capabilities need to reflect that new reality,” said Kelly. “Strengthening our aerial firefighting fleet by making more aircraft and parts available is a smart, proven way to help firefighters respond faster and keep communities safe. I’m excited to see this bipartisan effort to support our firefighters heading to the President’s desk to be signed into law.”

    “As catastrophic wildfires devastate communities across the country, we need to be smarter and more resourceful in our approach to wildfire suppression,” said Padilla. “Californians saw firsthand the power of our aerial wildfire suppression fleet in putting out the Los Angeles fires as quickly as possible. Shoring up aerial firefighting fleets by allowing the Defense Department to sell excess aircraft parts is a lifesaving, commonsense priority — and I urge President Trump to swiftly sign this bipartisan bill into law.”

    The Aerial Firefighting Enhancement Act amends the Wildfire Suppression Aircraft Transfer Act of 1996 to reauthorize the sale of excess aircraft and parts by the Department of Defense for wildfire suppression. The bill will help the U.S. better suppress wildfires year-round by facilitating the acquisition of military excess aircraft, sold at fair market value, for the aerial wildfire suppression fleet. Additionally, the sale of parts will help the U.S. maintain its existing aerial firefighting aircraft fleet.

    The bill reauthorizes the Secretary of Defense’s authority to sell excess Department of Defense aircraft and aircraft parts, which are acceptable for commercial sale, to persons or entities that contract with the government for the delivery of fire retardant or water by air to suppress wildfires, as long as the aircraft and parts are used only for wildfire suppression. The initial authority expired in 2005 and was reauthorized from 2012 to 2017 before lapsing again.

    “10 Tanker Air Carrier supports and thanks the bipartisan efforts of Sen. Heinrich and Sen. Sheehy to help the many operators involved with aerial firefighting to purchase at fair market value excess, retired military spare parts, particularly desperately needed engines and brakes. This commonsense approach will ensure that our aging fleet will remain available to the United States to battle the devastating wildland fires of today and well into the future. We are pleased that the Department of Defense and the Air Force also support the national security mission of companies like ours,” said Joel Kerley, President and CEO of 10 Tanker Air Carrier.

    “Firehawk Helicopters is encouraged by the passing of the Aerial Firefighting and Enhancement Act and would like to thank Rep. Newhouse, Rep. Carbajal, Sen. Tim Sheehy and Sen. Martin Heinrich for leading the efforts in seeing this bill passed. Since 20017 the aerial firefighting community has lost access to a critical aircraft and parts supply source. Taxpayers have lost hundreds of millions of dollars as valuable aircraft and aircraft parts were no longer made available for commercial sale. The law will save these critical aircraft and parts from being scrapped. By making these aircraft and parts available for commercial sale again, the taxpayers will reap the maximum return on their original investment, but more importantly, see these aircraft and parts utilized in a second life that prioritizes the protection of the public from the growing threat of devastating wildfires,” said Bart Brainerd, CEO Firehawk Helicopters.

    Read more on the bill here.

    MIL OSI USA News

  • MIL-OSI Australia: Vale Bill Meredith

    Source: South Australia Police

    The City of Wanneroo shares our respects following the passing of a pioneering figure in our local business community, Bill Meredith, at the age of 91 years old.

    A founding member and former Vice President of the Wanneroo Business Association and a true local business legend, Bill played a key role in laying the foundation for the dynamic business landscape we see in our City today.

    Even if you did not know Bill personally, chances are you knew of him – his Landsdale-based business, Bill’s Machinery, is a local landmark, instantly recognisable thanks to the big red plane out the front.

    This symbol is also a testament to Bill’s entrepreneurial spirit and adaptability – qualities that contributed to his longevity and continued success as a businessman.

    Throughout his life, Bill achieved so much, including being named the City of Wanneroo Mayor’s Visionary Businessperson Award in 2008.

    His passion, mentorship and unwavering commitment to his community will leave a lasting legacy and be remembered for many years to come.

    We extend our deepest condolences to his family, friends, and all who knew and admired him.

    Mayor Linda Aitken JP 

    MIL OSI News

  • Musk calls Trump’s tax-cut and spending bill ‘a disgusting abomination’

    Source: Government of India

    Source: Government of India (4)

    Billionaire Elon Musk plunged on Tuesday into the congressional debate over President Donald Trump’s sweeping tax and spending bill, calling it a “disgusting abomination” that will increase the federal deficit.

    Several fiscally conservative Republicans in the U.S. Senate supported the views Musk expressed in social media posts, which could complicate the bill’s path to passage in that chamber.

    “I’m sorry, but I just can’t stand it anymore,” Tesla and SpaceX CEO Musk wrote in a post on his social media platform X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination.”

    He added: “Shame on those who voted for it: you know you did wrong. You know it.”

    Musk’s comments hit a nerve. Republican deficit hawks have expressed concerns about the cost of the bill, which would extend the 2017 tax cuts that were Trump’s main legislative accomplishment, while boosting spending on the military and border security.

    The House of Representatives passed it by one vote last month, after the nonpartisan Congressional Budget Office said the measure would add $3.8 trillion to the federal government’s $36.2 trillion in debt.

    The Senate, also controlled by Trump’s Republicans, aims to pass the “One Big Beautiful Bill Act” in the next month, though senators are expected to revise the House version.

    Republicans on the Senate Finance Committee, which oversees tax policy, are due to meet with Trump at the White House on Wednesday afternoon to discuss making the bill’s business-related tax breaks permanent, according to Senator Steve Daines, a panel member. Analysts have warned that such a move would greatly increase the measure’s cost.

    Republican Senate Majority Leader John Thune said he disagreed with Musk’s assessment about the cost of the bill and stood by the goal of passage by July 4.

    “We have a job to do – the American people elected us to do. We have an agenda that everybody campaigned on, most notably the president of the United States, and we’re going to deliver on that agenda,” the South Dakota lawmaker told reporters.

    Republican House Speaker Mike Johnson also dismissed Musk’s complaints, telling reporters, “my friend Elon is terribly wrong.”

    TEST OF INFLUENCE

    Musk’s loud opposition to a bill that Trump has urged Republicans to pass presents a test of his political influence a week after leaving his formal role in the administration as a special government employee with the Department of Government Efficiency came to an end. As DOGE chief, he upended several federal agencies but ultimately failed to deliver the massive savings he had sought.

    The richest person in the world, Musk had spent nearly $300 million to back Trump’s presidential campaign and other Republicans in last year’s elections. But he has said he would cut his political spending substantially while returning to his role as Tesla TSLA.O CEO.

    The White House dismissed Tuesday’s attack, just as Trump dismissed earlier Musk complaints about the legislation.

    “Look, the president already knows where Elon Musk stood on this bill,” spokeswoman Karoline Leavitt said at a White House briefing. “It doesn’t change the president’s opinion. This is one big, beautiful bill, and he’s sticking to it.”

    REPUBLICAN DISAGREEMENTS

    Senate Republicans were divided about the bill even before Musk’s missives. Deficit hawks are pushing for deeper spending cuts than the $1.6 trillion over a decade in the House version, while another coalition of rural-state Republicans are pushing to protect the Medicaid healthcare program for low-income Americans.

    One of the hawks, Senator Mike Lee, called on party members to use the Trump bill and future spending measures to reduce the deficit.

    “We must commit now to doing so, as this is what voters justifiably expect – and indeed deserve – from the GOP Congress,” the Utah Republican said on X while reposting Musk’s message.

    Republicans have a 53-47 seat majority in the Senate and can afford to lose support from no more than three members, if they expect to pass the legislation with a tie-breaking vote from Vice President JD Vance by a July 4 deadline.

    Another hardliner, Senator Ron Johnson, predicted that lawmakers would not be able to meet the deadline and secure an adequate number of cuts.

    Lee and Johnson are among at least four Senate hardliners demanding that the bill be changed to restrict the growth of the debt and deficit.

    The faction of party lawmakers determined to limit spending cuts to project Medicaid beneficiaries and business investments in green energy initiatives is of similar size.

    “I certainly have an interest in making sure people with disabilities are not harmed. But also, there’s the broad issue of how does it affect hospital reimbursements,” Senator Jerry Moran told reporters.

    “There’s a set of my colleagues who are pushing to do more. And so it turns on how do you get the votes to pass a bill,” the Kansas Republican said.

    Other Senate Republicans said lawmakers may have to look elsewhere to boost savings, including the possibility of leaving Trump’s much touted tax break proposals for tips, overtime pay and Social Security benefits for later legislation.

    “Those are all Democrat priorities. I’m not sure why we shouldn’t be doing that in a potential bipartisan bill to create headspace for this bill,” said Republican Senator Thom Tillis.

    (Reuters)

  • MIL-OSI Asia-Pac: President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  

    Source: Republic of China Taiwan

    Details
    2025-05-29
    President Lai attends 2025 Europe Day Dinner
    On the evening of May 29, President Lai Ching-te attended the 2025 Europe Day Dinner. In remarks, President Lai stated that Taiwan looks forward to further establishing institutionalized mechanisms with Europe for our trade and investment ties and hopes to take an innovative and diverse approach to sign an economic partnership agreement with the European Union, to provide a more transparent, stable, and predictable business environment for our enterprises. The president said that Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains, and noted that Taiwan and Europe have endless potential for collaboration, whether it is in safeguarding freedom and democracy or advancing our economic and trade relationship. He expressed hope to further strengthen our partnership and work together toward global peace, stability, and prosperity. A transcript of President Lai’s remarks follows: Chairman [Henry] Chang (張瀚書), thank you for the invitation, and congratulations on your second term. I’m confident that under your leadership, the ECCT [European Chamber of Commerce Taiwan] will build even more bridges for cooperation between Taiwan and Europe. I would also like to thank EETO [European Economic and Trade Office] Head [Lutz] Güllner and all the European country representatives stationed in Taiwan. Your hard work over the years has helped deepen Taiwan-Europe relations and brought about such fruitful cooperation. Thank you. This year we celebrate the 75th anniversary of the Schuman Declaration. In 1950, then-French Foreign Minister Robert Schuman proposed to create a European federation dedicated to preserving peace. The declaration symbolized a new flowering in the post-war era of democracy, unity, and cooperation. As we face the geopolitical challenges and drastic economic changes of today’s world, the Schuman Declaration still speaks to us profoundly. This year is also the 80th anniversary of the end of World War II in Europe. Moving forward, Taiwan will continue to advance cooperation with our democratic partners, and will join hands with Europe to build a partnership of even greater resilience and mutual trust. Europe is Taiwan’s third largest trading partner. It is also Taiwan’s largest source of foreign direct investment. Last year, bilateral trade between Taiwan and Europe totaled US$84.7 billion. This demonstrates our vibrant economic and trade ties and reflects the high levels of confidence our businesses have in each other’s markets and systems. We look forward to Taiwan and Europe further establishing institutionalized mechanisms for our trade and investment ties. And we hope to take an innovative and diverse approach to sign an economic partnership agreement with the EU, to provide a more transparent, stable, and predictable business environment for our enterprises. Today’s Taiwan has an internationally recognized democracy and a semiconductor industry vital to global security and prosperity. This enables us to play a key role in restructuring global democratic supply chains and the economic order. In particular, we see supply chains dominated by a new authoritarian bloc expanding their influence through non-market mechanisms, price subsidies, and monopolies on resources, as they seek global control of critical technologies and manufacturing capabilities. Their actions not only distort principles of market fairness, but also threaten the international community’s basic expectations for democracy, the rule of law, and corporate responsibility. In response, Taiwan will actively work alongside other democracies, including those in Europe, to jointly build resilient, promising non-red supply chains. We will also introduce an initiative on semiconductor supply chain partnerships for global democracies. This is more than a proposal for economic cooperation; it is an alliance of shared values and advanced technology. Security in the Taiwan Strait and regional peace and stability have always been issues of mutual interest for Taiwan and Europe. So here today, on behalf of all the people of Taiwan, I would like to thank the EU and European nations for continuing to take concrete actions in public support of peace and stability across the strait. Such actions are vital to regional security and prosperity. Taiwan will continue to bolster itself to achieve real peace through strength, and will work with democratic partners to safeguard freedom and democracy, thereby showing our determination for regional peace. At this critical time, Taiwan and Europe have endless potential for collaboration, whether it’s in safeguarding freedom and democracy or advancing our economic and trade relationship. I look forward to our joining hands at this strategic juncture to further strengthen our partnership and work together toward global peace, stability, and prosperity. Also in attendance at the event was British Office Taipei Representative Ruth Bradley-Jones.

    Details
    2025-05-28
    President Lai meets US delegation led by Senator Tammy Duckworth
    On the afternoon of May 28, President Lai Ching-te met with a delegation led by United States Senator Tammy Duckworth. In remarks, President Lai thanked the US Congress and government for their longstanding and bipartisan support for Taiwan. The president stated that Taiwan will continue to strengthen cooperation with the US and jointly safeguard regional peace and stability. He pointed out that the Taiwan government has already proposed a roadmap for deepening Taiwan-US trade ties and will encourage mutual investment between Taiwanese and US businesses. He then expressed hope of deepening Taiwan-US ties and creating more niches for both sides. A translation of President Lai’s remarks follows: I warmly welcome this delegation led by Senator Duckworth, a dear friend of Taiwan. Senator Duckworth previously visited in May last year to convey congratulations after the inauguration of myself and Vice President Bi-khim Hsiao. Your bipartisan delegation was the first group from the US Senate that I met with as president. Today, you are visiting just after the first anniversary of my taking office, demonstrating the staunch support of the US and our deep friendship. On behalf of the people of Taiwan, I extend my sincere appreciation and greetings. And I invite you to come back and visit next year, the year after that, and every year. Taiwan and the US share the values of democracy and the rule of law and believe in free and open markets. Both sides embrace a common goal of peace, stability, and prosperity in the Indo-Pacific region. I thank the US Congress and government for their longstanding, bipartisan, and steadfast support for Taiwan. In 2021, to help Taiwan overcome the challenges of the COVID-19 pandemic, Senator Duckworth made a special trip here to announce that the US government would be donating vaccines to Taiwan. In recent years, Senator Duckworth has also promoted the TAIWAN Security Act, STAND with Taiwan Act, and Taiwan and America Space Assistance Act in the US Congress, all of which have further deepened Taiwan-US cooperation and steadily advanced our ties. For this, I express my deepest appreciation. I want to emphasize that the people of Taiwan have an unyielding determination to protect their homeland and free and democratic way of life. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience. The government is committed to reforming national defense, and it has proposed prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP. This will continue to bolster Taiwan’s self-defense capabilities. Moving forward, Taiwan will continue to strengthen cooperation with the US. In addition to jointly safeguarding regional peace and stability, we also aspire to deepen bilateral trade and economic ties. At the SelectUSA Investment Summit in Washington, DC, earlier this month, Taiwan’s delegation was once again the biggest delegation attending the event – proof positive of our close economic and trade cooperation. We have already proposed a roadmap for deepening Taiwan-US trade ties. We will narrow the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. We will encourage mutual investment between Taiwanese and US businesses to stimulate industrial development on both sides, especially in such industries as national defense and shipbuilding. We therefore look forward to Congress passing the US-Taiwan Expedited Double-Tax Relief Act as soon as possible, as this would deepen Taiwan-US trade ties and create more niches for business. In closing, I once again thank Senator Duckworth for making the trip to Taiwan. Let us continue to work together to elevate Taiwan-US ties. I wish you a pleasant and successful visit. Senator Duckworth then delivered remarks, saying that she is happy to be back in Taiwan and that she wanted to make sure to come back just after President Lai’s one-year anniversary of taking office to show the dedication and the outstanding friendship that we have. She noted that because no matter who is in the White House, no matter which political party is in power in Washington, DC, she has always believed that if America wants to remain a leader on the global stage, it has to show up for friends like Taiwan.  Senator Duckworth mentioned that in the years that she has been coming to Taiwan since pre-COVID times, she has seen a remarkable increase in participation in its defense and the support of the Taiwanese people for defending the homeland. She then thanked Taiwan for making the commitment to its self-defense, and also for being a partner with other nations around the world.  The STAND with Taiwan Act, the senator noted, is so named because the US wants to stand side by side with Taiwan. Pointing out that Taiwan is an important leader in the Indo-Pacific and on the global stage, she reiterated that there is support on both sides of the aisle in Washington for Taiwanese democracy, and added that the people of Taiwan are showing that they are willing to shore up their own readiness. Senator Duckworth said that whether it is delivering vaccines to Taiwan or making sure that the US National Guard works with Taiwan’s reserve forces or even with its civilian emergency response teams, these are all important components to the ongoing partnership between our nations.  Senator Duckworth indicated that there are many great opportunities moving forward beyond our military cooperation with one another. Whether it is in chip manufacturing, agricultural investments, shipbuilding, or in the healthcare field, those investments in both nations will facilitate stability and development in both our nations. She said that is why she wants to continue the Taiwan-US relationship, underlining that they are in it for the long haul. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.

    Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Minister of Foreign Affairs of the Republic of Peru

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with the Minister of Foreign Affairs of the Republic of Peru, H.E. Ambassador Elmer Schialer Salcedo, at the OECD Headquarters in Paris, France, on 3 June 2025. Their discussions focused on strengthening of ASEAN–Peru relations and preparations for the visit of  H.E. Dina Ercilia Boluarte Zegarra, President of the Republic of Peru to the ASEAN Headquarters/ASEAN Secretariat in August of this year.

    The post Secretary-General of ASEAN meets with the Minister of Foreign Affairs of the Republic of Peru appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Banking: Money Market Operations as on June 03, 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) 5,89,368.22 5.63 4.00-6.65
         I. Call Money 14,292.98 5.77 4.85-6.65
         II. Triparty Repo 3,94,520.60 5.59 5.40-5.77
         III. Market Repo 1,79,199.44 5.68 4.00-5.90
         IV. Repo in Corporate Bond 1,355.20 5.92 5.85-6.60
    B. Term Segment      
         I. Notice Money** 122.50 5.66 5.40-5.70
         II. Term Money@@ 278.00 5.70-6.10
         III. Triparty Repo 1,881.50 5.68 5.64-5.80
         IV. Market Repo 0.00
         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 Tue, 03/06/2025 1 Wed, 04/06/2025 5,019.00 6.01
         (b) Reverse Repo          
    3. MSF# Tue, 03/06/2025 1 Wed, 04/06/2025 447.00 6.25
    4. SDFΔ# Tue, 03/06/2025 1 Wed, 04/06/2025 3,14,265.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,08,799.00  
    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          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,272.43  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     8,272.43  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,00,526.57  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 03, 2025 9,48,458.20  
         (ii) Average daily cash reserve requirement for the fortnight ending June 13, 2025 9,41,551.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 03, 2025 5,019.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 16, 2025 3,48,763.00  
    @ 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: 2025-2026/472

    MIL OSI Global Banks

  • MIL-OSI: TruGolf to Participate in the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow” Conference Presented by Maxim Group LLC on Wednesday, June 4th at 3:00 PM EDT – (Updated)

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, June 03, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, announced today that Brenner Adams, TruGolf’s Chief Growth Officer will present at the “2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow,” presented by Maxim Group LLC, tomorrow, June 4th at 3:00 PM EDT.

    The Conference will be live on M-Vest. To attend, follow this link to register for this virtual event. https://m-vest.com/events/tmt-06032025

    About TruGolf Holdings

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhance its image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since its founding, TruGolf has redefined what is possible in golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make it easier to Play, Improve, and Enjoy the game of golf.

    Forward-Looking Statements

    Some of the statements in this release are forward-looking statements, which involve risks and uncertainties. Forward-looking statements include, without limitation, whether the Company’s compliance plan will be accepted by Nasdaq and the Company’s expected future cash needs. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including ”believes,” ”estimates,” ”anticipates,” ”expects,” ”plans,” ”projects,” ”intends,” ”potential,” ”may,” ”could,” ”might,” ”will,” ”should,” ”approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors. Any forward-looking statements contained in this release speak only as of its date. The Company undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC, which are available on the SEC’s website, www.sec.gov.

    For more information about our products and upcoming innovations, please visit TruGolf.com.

    Media Contacts:

    TruGolf: Michael Bacal: Phone: 917-886-9071; mbacal@darrowir.com Web: TruGolf.com LinkedIn: @TruGolf

    The MIL Network

  • MIL-OSI China: SW China mountainous county brews global matcha success

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

    An aerial drone photo taken on May 15, 2025 shows Wei Yong (C) explaining key points of planting to tea farmers in Jiangkou County, southwest China’s Guizhou Province. (Xinhua/Yang Wenbin)

    In Jiangkou County, nestled in southwest China’s mountainous Guizhou Province, a centuries-old tea tradition is fueling a modern global boom.

    In 2024, the county’s matcha sales exceeded 1,200 tonnes with an output value surpassing 300 million yuan (about 41.7 million U.S. dollars), while its products have been exported to overseas markets including Japan, the United States and France.

    As a major matcha-producing country, China is poised to produce over 5,000 tonnes of matcha in 2025. Notably, Guizhou, leveraging its high-altitude tea farms, low latitude and misty climate, accounts for one quarter of China’s national output and exports to more than 40 countries and regions.

    Jiangkou County, located at the foot of Guizhou’s UNESCO-listed Fanjing Mountain, was once a poverty-stricken region but is now a pioneer in the field of matcha production. This turnaround began in 2017, when cutting-edge matcha industrial technology was introduced to this area.

    Led by industry leaders in partnership with allied enterprises and local farmers, this initiative has established a province-wide matcha industrial network in Guizhou — spanning 22 counties and empowering nearly 100,000 tea growers via increased incomes.

    The county’s tea fields currently cover 160,000 mu (about 10,667 hectares), with 20 percent dedicated to matcha production.

    “We control every step from farming to processing — to ensure premium quality,” said Meng Zude, chairman of Gui Tea Group, a leading tea company that manages the industrial cluster in Jiangkou.

    Meng explained that farmers focus on cultivation while allied partners process leaves. Gui Tea Group then refines leaves into premium matcha. From field to factory, free technical support ensures EU-standard compliance across the supply chain, Meng added.

    Jiangkou County has adapted Japanese matcha techniques to local conditions through both collaborations with experts and in-house research and development. Farmers now implement fertilization protocols, eco-friendly pest control and precision pruning — critical steps that ensure high-quality tencha leaves.

    Four tonnes of matcha have already been exported to Japan in 2025, while another six tonnes are scheduled for shipment to this traditional matcha hub this year, according to Chen Xiaoming, deputy director of Gui Tea’s foreign trade business.

    “Domestic clients now approach us directly, while Japanese buyers seek raw material supplies,” Chen said, adding that inquiries have grown significantly.

    “Matcha isn’t just a drink,” said Chen. “It’s a lifestyle China now leads.”

    MIL OSI China News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for June 4, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on June 4, 2025.

    Artist Janenne Eaton’s retrospective is a compelling account of our troubled times
    Source: The Conversation (Au and NZ) – By Julie Shiels, Senior Industry Fellow, RMIT University Janenne Eaton R E E F 2015 enamel paint, vinyl decals, mirror and polymer clay on canvas Geelong Gallery Gift of the artist, 2019. Photographer: Mark Ashkanasy © the artist. With bad news-overload it is easy to conclude it is

    ‘Not available in your region’: what is a VPN and how can I use one safely?
    Source: The Conversation (Au and NZ) – By Meena Jha, Head Technology and Pedagogy Cluster CML-NET, CQUniversity Australia Linaimages/Shutterstock “This video is not available in your location”. It’s a message familiar to many people trying to watch global content online. But beneath this frustration lies a deeper question – how do we navigate digital borders

    Just the ticket? The problem with local body candidates aligning with national political parties
    Source: The Conversation (Au and NZ) – By Julienne Molineaux, Senior Lecturer, School of Social Sciences and Humanities, Auckland University of Technology Getty Images With accusations flying thick and fast last year about supposed “dysfunction” and a “shambles” at Wellington City Council, Local Government Minister Simeon Brown stepped in and appointed a Crown Observer. Announcing

    The chicks are alright: what songbirds can teach us about divorce and moving on
    Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in Behavioural Ecology, Macquarie University Charli Davies, CC BY-NC-ND In humans, it’s very common for the traditional family structure of two parents raising children to change abruptly. Usually, this happens when the parents decide to separate. Many separated couples are able

    Former Congress staffer allowed to return to New Caledonia
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk One of seven people transferred to mainland France almost a year ago, following the May 2024 riots in New Caledonia, has been allowed to return home, a French court has ruled. Frédérique Muliava, a former Congress staffer, was part of a group of six who were

    Ship runs aground in Fiji – then its rescue vessel capsizes
    RNZ Pacific Fiji’s Maritime Safety Authority has launched an investigation into Goundar Shipping Limited following two incidents involving its vessels. Late last month, one vessel ran aground on the reef of Ono-i-Lau, and villagers had to step in to ferry stranded passengers to nearby islands using small boats. On Monday, the Lomaiviti Princess II was

    Curious Kids: can spiders swim?
    Source: The Conversation (Au and NZ) – By Leanda Denise Mason, Vice Chancellor Research Fellow in Conservation Ecology, Edith Cowan University A great raft spider (_Dolomedes plantarius_). Salparadis/Shutterstock Can spiders swim? Waubra Preschool students, Victoria, Australia What a great question! Most spiders don’t swim by choice. But they sure can survive in water when they

    A two-state solution is gaining momentum again. Does it have a chance of success?
    Source: The Conversation (Au and NZ) – By Andrew Thomas, Lecturer in Middle East Studies, Deakin University As Israel’s devastating war in Gaza has ground on, the two-state solution to the Israeli-Palestinian conflict was thought to be “dead”. Now, it is showing signs of life again. French President Emmanuel Macron is reportedly pressing other European

    Senior public servants think GenAI will boost productivity – but are worried about the risks
    Source: The Conversation (Au and NZ) – By Helen Dickinson, Professor, Public Service Research, UNSW Sydney Many bold claims have been made about Generative Artificial Intelligence (GenAI) and its capacity to improve productivity and generate workplace efficiencies. A recent Microsoft survey found 24% of private sector leaders have already deployed GenAI across their organisations. Many

    People with severe mental illness are waiting for days in hospital EDs. Here’s how we can do better
    Source: The Conversation (Au and NZ) – By Sebastian Rosenberg, Associate Professor, Health Research Institute, University of Canberra, and Brain and Mind Centre, University of Sydney Matthew Ashmore/Shutterstock On ABC’s 4 Corners this week, psychiatrists and nurses have warned New South Wales’ mental health system is in crisis. They report some patients with severe mental

    With a government review underway, we have to ask why children bully other kids
    Source: The Conversation (Au and NZ) – By Marilyn Campbell, Professor, School of Early Childhood & Inclusive Education, Queensland University of Technology Rawpixel.com/Shutterstock The federal government has launched a “rapid review” to look at what works to prevent bullying in schools. Led by mental health experts, the review will underpin a new national standard to

    In the trade wars, there are lessons for the US from Brexit. Australia and our trading partners should take note
    Source: The Conversation (Au and NZ) – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Director of the Jean Monnet Centre of Trade and Environment, University of Adelaide General_4530/Getty While the Trump administration’s on-again, off-again trade wars wreak havoc on the business plans of the world’s exporters, the risks to the

    ‘That was rude’: why the new Broadway musical Death Becomes Her was ripe for TikTok memes
    Source: The Conversation (Au and NZ) – By Gregory Camp, Senior Lecturer, School of Music, University of Auckland, Waipapa Taumata Rau A few snippets of musicalised dialogue from the cast album of the new Broadway musical Death Becomes Her – with music and lyrics by Julia Mattison and Noel Carey, and a book by Marco

    Motarilavoa Hilda Lini, ‘a trailblazer’ for Vanuatu women in politics, dies
    RNZ Pacific Motarilavoa Hilda Lini, a pioneering Ni-Vanuatu politician, has died. Lini passed away at the Port Vila General Hospital on Sunday, according to local news media. Lini was the first woman to be elected to the Vanuatu Parliament in 1987 as a member of the National United Party. Motarilavoa Hilda Lini in 1989 .

    Fiji coup culture and political meddling in media education gets airing
    Pacific Media Watch Taieri MP Ingrid Leary reflected on her years in Fiji as a television journalist and media educator at a Fiji Centre function in Auckland celebrating Fourth Estate values and independence at the weekend. It was a reunion with former journalism professor David Robie — they had worked together as a team at

    Australia’s lowest paid workers just got a 3.5% wage increase. Their next boost could be even better
    Source: The Conversation (Au and NZ) – By John Buchanan, Professor, Discipline of Business Information Systems, University of Sydney Business School, University of Sydney Carlos Castilla/Shutterstock A week ago, the Australian Financial Review released this year’s “Rich List”. It reported the number of billionaires in Australia increased from 150 to 166 between 2024 and 2025.

    What’s a ‘Strombolian eruption?’ A volcanologist explains what happened at Mount Etna
    Source: The Conversation (Au and NZ) – By Teresa Ubide, ARC Future Fellow and Associate Professor in Igneous Petrology/Volcanology, The University of Queensland Fabrizio Villa / Getty Images On Monday morning local time, a huge cloud of ash, hot gas and rock fragments began spewing from Italy’s Mount Etna. An enormous plume was seen stretching

    The Queensland government is cancelling renewable energy projects. Can the state still reach net zero?
    Source: The Conversation (Au and NZ) – By Tony Wood, Program Director, Energy, Grattan Institute Johan Larson/Shutterstock On the surface, Queensland’s new government is doing exactly what it pledged before winning office in October – repealing the state’s ambitious renewable energy targets and cancelling a huge pumped hydro project near Mackay. But since the start

    PNG’s Namah calls for tighter bio controls, patrols on Indonesian border
    By Scholar Kassas in Port Moresby A Papua New Guinea minister has raised concerns about “serious issues” at the PNG-Indonesia border due to a lack of proper security checkpoints. Culture and Tourism Minister Belden Namah, who is also the member for the border electorate Vanimo-Green, voiced these concerns while supporting a new Biosecurity for Plants

    Samoa parliament formally dissolved after months of uncertainty
    RNZ Pacific Samoa’s Parliament has been formally dissolved, and an early election is set to take place within three months. After months of political instability and two motions of no confidence, Prime Minister Fiāme Naomi Mata’afa said she would call for the dissolution of Parliament if cabinet did not support her government’s budget. MPs from

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Banking: Panasonic HD develops multimodal generative AI “OmniFlow” which enables Any-to-Any generation between text, image, and audio

    Source: Panasonic

    Headline: Panasonic HD develops multimodal generative AI “OmniFlow” which enables Any-to-Any generation between text, image, and audio

    Osaka, Japan, June 4, 2025 – Panasonic Holdings Co., Ltd. (Panasonic HD) and Panasonic R&D Company of America (PRDCA), in collaboration with researchers at the University of California, Los Angeles (UCLA), have developed OmniFlow, a multimodal generative AI that can freely convert different data formats such as text, images, and audios (hereinafter referred to as “Any-to-Any”).
    In recent years, research on multimodal generative AI that realizes conversion between different data formats has been actively conducted, but since it is usually necessary to prepare all pairs of data to be handled for training data, the cost of acquiring data increases as the type of data to be handled increases. By flexibly combining generative AI (text audio, text image) specialized for each data format, OmniFlow can learn high-precision Any-to-Any models even with a small number of data (text audio images) consisting of all three sets of modalities, and has succeeded in significantly reducing the cost of creating training data. (Fig. 1)
    This technology has been internationally recognized for its advanced technology and has been accepted at CVPR 2025, a top conference for AI and Computer Vision. It will be presented at the plenary conference to be held in Nashville, USA from June 11, 2025 to June 15, 2025.

    ■Details of the technology

    Panasonic HD and PRDCA are working on research on multimodal generative AI. In recent years, multimodal generative AI that incorporates audio in addition to text and images has been attracting attention, but the method of obtaining data that includes all text, images, and audio has been limited, and it has been costly to increase variations.
    The solution to this problem is the key to accelerating the use of multimodal generative AI, and research has been actively conducted in recent years. In fact, a method that can learn even if the combination of different data including all the data formats you want to handle is not completely aligned has recently been proposed, but it is realized by averaging the input data. It can be said that there is still a lot of room for improvement in terms of expressive ability.
    On the other hand, we have developed OmniFlow, which extends the existing framework of image generation flow matching*, and can learn complex relationships between data that cannot be obtained by averaging by connecting and processing three different data features during the generation process. (Fig. 2)
    * A technology that uses Flow to find the optimal conversion path between arbitrary data.In recent years, it has been attracting attention as it has been adopted for various generative models, including image generation.

    A big advantage of OmniFlow is that you can easily connect AIs that specialize in text-to-image and text-to-audio generation into a single multimodal generative AI. (Fig. 3) Since specialized AI is excellent at generating each data, it was possible to obtain high multimodal performance without learning a large amount of data consisting of all modalities.

    In the evaluation experiment, the performance of the “text→image” and “text→audio” generation tasks was compared with existing methods. (Fig. 4) As a result, it was confirmed that OmniFlow has the best performance among any-to-any methods (Generalist) and specialized methods for each task. We also found that the data size required to train OmniFlow can be reduced to up to 1/60 compared to other any-to-any methods.

    ■Future prospects

    The newly developed OmniFlow is an any-to-any method that flexibly combines generative AI specialized for each data format (text→audio, text→image) and is highly accurate even if the number of training sheets for all three data pairs (text audio image) is small. By learning this technology in various fields such as factories and lifestyles, it will be possible to generate various types of data specialized in those sites, and it is expected to expand the range of applications of multimodal AI.
    Going forward, Panasonic HD will continue to accelerate the social implementation of AI and promote the research and development of AI technologies that contribute to the usefulness of our customers’ lives and workplaces.

    MIL OSI Global Banks

  • MIL-OSI: Orange County Bancorp, Inc. Announces Pricing of Public Offering of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 03, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced the pricing of an underwritten public offering of 1,720,430 shares of its common stock at a price of $23.25 per share. The Company also granted the underwriters a 30-day option to purchase up to an additional 258,064 shares of common stock.

    The aggregate gross proceeds of the offering will be approximately $40.0 million before discounts and expenses. Assuming full exercise by the underwriters of their option to purchase additional shares, the aggregate gross proceeds of the offering would be approximately $46.0 million before discounts and expenses. The Company plans to use the net proceeds from the offering for general corporate purposes, which may include investments in the Bank supporting continued growth, augmenting regulatory capital and liquidity and providing for potential strategic acquisitions. The Company has no current plans, arrangements or understandings relating to any specific acquisition or similar transaction. The offering is expected to close on June 5, 2025, subject to customary closing conditions.

    Piper Sandler & Co. and Stephens Inc. are serving as joint book-running managers.

    The Company has filed with the Securities and Exchange Commission (the “SEC”) a shelf registration statement (including a prospectus) on Form S-3 (File No. 333-280793) and a preliminary prospectus supplement for the offering to which this press release relates. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, including the information incorporated by reference therein, and the other documents we have filed and will file with the SEC for more complete information about the Company and this offering. The proposed offering is being made only by means of an effective shelf registration statement, including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, electronic copies may be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@psc.com, or Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or 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.   The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplement or the shelf registration statement or prospectus relating thereto.

    About Orange County Bancorp, Inc.

    Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.

    Forward-Looking Statements

    The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “projects,” “intends,” “estimates,” “expects,” “believes,” “plans,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    For further information:
    Michael Lesler
    EVP & Chief Financial Officer
    mlesler@orangebanktrust.com
    Phone: (845) 341-5111

    The MIL Network

  • MIL-Evening Report: Artist Janenne Eaton’s retrospective is a compelling account of our troubled times

    Source: The Conversation (Au and NZ) – By Julie Shiels, Senior Industry Fellow, RMIT University

    Janenne Eaton R E E F 2015 enamel paint, vinyl decals, mirror and polymer clay on canvas Geelong Gallery Gift of the artist, 2019. Photographer: Mark Ashkanasy © the artist.

    With bad news-overload it is easy to conclude it is time to disengage. But troubling events don’t go away just because you stop looking. Janenne Eaton’s retrospective reminds us that art can provide new perspectives and a reason to look even harder.

    As a respected painter and teacher Eaton has influenced generations of Australian artists. She has exhibited extensively in museums and galleries nationally and internationally since 1978. Lines of Sight – Frame and Horizon is long overdue.

    This comprehensive exhibition is aesthetically and intellectually compelling. The paintings, drawings and installations offer complex, layered reflections on key moments from the last four decades.

    Rather than adopting a linear chronology, artworks are clustered to prompt dialogues between works across time. Eaton’s technical mastery and dexterity produces deliberate ambiguities. Her recognisable motifs and grid patterns convey rich ideas about human rights, colonisation, climate and First Nations justice, all underpinned by existential questions about uncertainty and meaning.

    Locked in or locked out?

    Supersized artworks populate the first space – Eaton’s underground car park drawings (1982–86) and two works using fences, from 2016 and 2019. Both series use layering to represent built structures, but proximity to each other in the gallery emphasises the differences.

    The dusty, velvety surfaces of the car parks emphasise volume and perspective. The fences made from acrylic board and high-gloss enamel flatten and compress space.

    In the carpark series, Eaton’s knowledge of art history is apparent in her Renaissance-influenced use of light and perspective. Texture and surface have been achieved by papering the canvas with found photocopies.

    Janenne Eaton, Adelaide I 1983, graphite, charcoal and photocopy toner on paper on canvas, Heide Museum of Modern Art, The Baillieu Myer Collection of the ‘80s.
    Photographer: Mark Ashkanasy, © the artist.

    Dense, sooty carbon extracted from ink-cartridges smothers the solid areas and light in touch graphite and charcoal drawing produce an underground environment that some may find contemplative and others sinister.

    They evoke an ambiguity of being simultaneously attracted and repelled. And there are sensory questions. Does it smell or echo? Is that the sun or artificial light? Is it hot or cold?

    This series reflects Eaton’s training in archaeology and draws attention to the cultural significance of subterranean spaces. In a time of geopolitical turbulence and endemic inequality other readings are open to us.

    By comparison, Fences, Borders, Walls (2016) makes clear who is locked in and who is locked out. The foreground dominates with hard-edged geometric forms; the word “fence” is mirrored and repeated, compromising its legibility but adding structural heft as a physical and psychological barrier.

    The small diamond grid is immediately legible in the middle ground as the chain-link barriers that kept men, women and children refugees incarcerated for indefinite periods on Manus and Nauru. The skilfully airbrushed background provides gradations of light and shade, suggesting the movement of bodies.

    Janenne Eaton, BORDERLANDS 2019, enamel paint on high-impact polystyrene, metal.
    Courtesy of the artist. Photographer: Mark Ashkanasy, © the artist.

    In Borderlands (2019), the grid is reprised and the phrase “keep clear” repeated and butted against two upended half skulls that stare out at the viewer. We are implicated as we peer back into our own reflections in the empty intervals of glossy black.

    Recognisable motifs

    Eaton reworks familiar imagery from popular culture, mass media and advertising – gunshot decals, slogans, road signs, everyday idioms. The immediate visual recognition invites us into her work and encourages us to look harder.

    Sometimes, the title and date alludes to a backstory. Banner for the Deputy Sheriff (2006) brings to mind depictions of John Howard as America’s “deputy sheriff”.

    Janenne Eaton, Banner for the Deputy Sheriff 2006, enamel paint on canvas, Courtesy of the artist. Photographer: Mark Ashkanasy, © the artist.

    A two-metre toy sheriff’s star floats on a painted ground of ranch-like planks. The mismatched scale of the two planes suggests the overblown self-importance of a leader desperate to ingratiate himself in Washington, rather than galvanise relationships with Australia’s Asian and Pacific neighbours. At the centre of the star, the upended moniker “Deputy Sheriff” surrounds a shooting target replete with a smudgy spatter.

    Bullet holes are regular motifs in Eaton’s compositions, as adhesive decals, perforations, or rendered in paint. Dark Star (2015) is a dense mix of bullet puncture holes, grids, stars and pop symbols and text. Like many of Eaton’s compositions, it is visually weighty.

    Nearest Neighbour Analysis (2021) is light and airy, as Eaton connects her field of evenly spaced bullet-hole decals with a network of lines, creating a painting devoid of signs of earthly life that is both cellular and paradoxically celestial.

    Janenne Eaton, Dark Star 2015, enamel paint and vinyl decals on canvas, Private collection. Photographer: Mark Ashkanasy, © the artist.

    OUTGO (2009) is a speculative visualisation of a digital realm. Eaton’s painting draws on the aesthetics of the screen and corrupted computer code. Constructed from multiple layers of bitmaps and pixelations, gobbledygook text and marzipan-coloured lozenges appear to float across the picture plane. It is oddly luscious and captivating.

    Eaton’s interest in archaeology and principles of stratification inform the layering processes in her artwork. Across the five rooms at Geelong Gallery, curator Jason Smith and Eaton have created a layered experience for the viewer.

    Janenne Eaton, OUTGO 2009, enamel paint on canvas, National Gallery of Victoria, Gift of the artist, 2019.
    Photographer: Mark Ashkanasy, © the artist.

    Aesthetic frissons, shifting ambiguities, hindsight and insight accumulate and become a complex account of the human condition in a time of flux and uncertainty. And it’s a potent reminder to look even harder.

    Lines of Sight – Frame and Horizon, is at Geelong Gallery until August 17.

    Julie Shiels 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. Artist Janenne Eaton’s retrospective is a compelling account of our troubled times – https://theconversation.com/artist-janenne-eatons-retrospective-is-a-compelling-account-of-our-troubled-times-254069

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China launches service consumption season

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

    A staff member works at an oil-paper umbrella shop in Huangling Village of Wuyuan County, east China’s Jiangxi Province, July 3, 2024. [Photo/Xinhua]

    This year’s national service consumption season was launched on Tuesday in Nanjing, capital city of east China’s Jiangsu Province, marking a major initiative to boost growth in the service sector.

    Co-hosted by the Ministry of Commerce and China Media Group, the initiative aims to cultivate new consumption hotspots while fostering a virtuous cycle between supply and demand in China’s service economy.

    The campaign brings together government departments, industry associations and leading companies to jointly hold more than 160 key events, so as to innovate consumption scenarios, unlock consumer potential, expand high-quality service supply, and meet diversified public demand.

    Jiangsu’s service consumption expenditure accounted for 46.3 percent of its total consumer spending in 2024, 0.2 percentage points higher than the national average. 

    MIL OSI China News

  • MIL-OSI China: US Disney laying off hundreds of employees worldwide

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

    The Walt Disney Co., a U.S. mass media and entertainment conglomerate, is laying off several hundred employees worldwide as it looks to trim some costs and adapt to evolving industry conditions.

    The exact number of jobs being cut is unknown, but layoffs will occur across several divisions, including television and film marketing, TV publicity, casting and development, and corporate financial operations. No entire teams will be eliminated, The Associated Press quoted official source as confirming on Tuesday.

    Last month Disney posted solid profits and revenue in the second quarter as its domestic theme parks thrived and the company added well over a million subscribers to its streaming service. The company also boosted its profit expectations for the year, according to the report.

    Disney has also been riding a wave of box office hits, including “Thunderbolts*” and “Lilo & Stitch,” which is now the second-highest grossing movie of the year with 280.1 million U.S. dollars in domestic ticket sales. 

    MIL OSI China News

  • MIL-OSI China: Norwegian official hails Chinese innovation, calls for deeper maritime ties

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

    Even Tronstad Sagebakken (2nd L, Front), state secretary at Norway’s Ministry of Trade, Industry and Fisheries, tours the China Pavilion at Nor-Shipping 2025 in Lillestrom, Norway, on June 3, 2025. A Norwegian official has praised the green technologies and innovative solutions showcased by Chinese companies at Nor-Shipping 2025, expressing hope for enhanced maritime cooperation between Norway and China. [Photo/Xinhua]

    A Norwegian official has praised the green technologies and innovative solutions showcased by Chinese companies at Nor-Shipping 2025, expressing hope for enhanced maritime cooperation between Norway and China.

    After visiting the China Pavilion, Even Tronstad Sagebakken, state secretary at Norway’s Ministry of Trade, Industry and Fisheries, said he was impressed by the technological progress demonstrated by Chinese shipbuilders.

    It is impressive to see not only the innovation but also the practical implementation of green solutions by Chinese shipbuilders, Sagebakken said. “They are at the forefront of technology development… the advancements we need to drive the green transition in the maritime sector.”

    Sagebakken highlighted the long-standing collaboration between Norwegian and Chinese maritime firms, noting that many Norwegian suppliers are already involved in China’s shipbuilding industry. “It’s a partnership that goes way back, has developed over time, and is very much appreciated by the Norwegian side.”

    He expressed optimism that this cooperation will grow even stronger in the future, delivering further progress for both countries.

    Held in Lillestrom, about 20 km east of Oslo, Nor-Shipping is one of the world’s premier maritime trade fairs. Established in 1965 and held biennially, the four-day event runs through June 6, drawing nearly 1,000 companies and organizations from over 50 countries and regions.

    This year’s China Pavilion features more than 60 Chinese enterprises — both major state-owned and private companies, marking the largest Chinese presence in the event’s history. 

    MIL OSI China News

  • MIL-OSI: Hong Kong and New Zealand, the easiest jurisdictions for doing business in APAC, says GBCI 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 04, 2025 (GLOBE NEWSWIRE) — The Global Business Complexity Index (GBCI), recently launched by TMF Group, analyses the business environment of 79 jurisdictions, accounting for 94% of the world’s GDP. It also ranks them based on over 250 indicators of business complexity, with the jurisdiction ranked 1st as the most complex and the jurisdiction ranked 79th, the least.

    Among the world’s 10 least complex jurisdictions for doing business, Hong Kong, SAR remains the 4rth easiest jurisdiction for the second year in a row. The jurisdiction offers a favourable business environment, characterised by a straightforward and low tax regime that appeals to international businesses.

    New Zealand, also included in the 10 easiest jurisdictions worldwide, maintains its reputation as a straightforward place for business operations. This is largely due to the government’s proactive approach in welcoming foreign investments and streamlined administrative processes.

    Meanwhile, business complexity in India (18th) is mainly driven by recent regulatory changes, according to this year’s GBCI report. Over the past year, India has introduced numerous regulatory amendments aimed at boosting transparency and accountability. Although these are expected to bring benefits in the long term, they have added layers of complexity for businesses operating in the country, requiring constant adaptation to new compliance needs.

    Japan is ranked 43rd in this year’s GBCI, showing a decrease in complexity from last year’s position (38th). This decrease in complexity is partly due to recent simplifications and governmental initiatives to provide English-language support to international financial service companies. These measures facilitate easier operations and reduce barriers for foreign businesses, improving investment attractiveness.

    Singapore, ranking 48th, continues to demonstrate resilience and adaptability in its trade corridors. This jurisdiction invests heavily in technology and infrastructure upgrades, reinforcing its status as a regional hub.

    China’s Mainland (10th) enters the top 10 most complex jurisdictions for businesses in 2025. According to the report, the complexity is driven by its frequent regulatory changes and regional disparities. Despite these challenges, the government continues to offer incentives to attract investment and to promote infrastructure development to enhance trade logistics.

    TMF Group’s Head of APAC, Shagun Kumar, commented: “We’re seeing a growing effort by decision-makers and businesses across APAC to reduce unnecessary burdens for doing business in the region — these have in the past delayed development, leading to complex evaluations for investment. Such efforts contribute to unlocking the region’s drive towards economic growth, and we expect businesses to adapt and continue to leverage the potential of APAC as a key contributor for their global strategies.”

    Top and bottom ten (1= most complex, 79= least complex) 
    1. Greece  79. Cayman Islands 
    2. France  78. Denmark 
    3. Mexico  77. New Zealand 
    4. Turkey  76. Hong Kong, SAR 
    5. Colombia  75. Jersey 
    6. Brazil  74. Netherlands 
    7. Italy  73. Jamaica 
    8. Bolivia  72. British Virgin Islands 
    9. Kazakhstan  71. Curaçao 
    10. China’s Mainland  70. Czech Republic 
       

    Media Contacts
    Marina Llibre Martin
    marina.llibremartin@tmf-group.com

    The MIL Network

  • MIL-Evening Report: The chicks are alright: what songbirds can teach us about divorce and moving on

    Source: The Conversation (Au and NZ) – By Frigg Janne Daan Speelman, PhD Candidate in Behavioural Ecology, Macquarie University

    Charli Davies, CC BY-NC-ND

    In humans, it’s very common for the traditional family structure of two parents raising children to change abruptly. Usually, this happens when the parents decide to separate.

    Many separated couples are able to navigate this change well to ensure their children are not overly affected. But this isn’t guaranteed. Parental separation can lead to behavioural, developmental and health issues in children. The effect can be long-lasting.

    That’s humans. But many other species have a similar arrangement in choosing a long-term mate to raise offspring. What effect does it have when these couples split up?

    In our new research, we examine what happens after a family split in a tropical bird species known for its long-lasting partnerships. To our surprise, we found the separation had no long term effect on the health of their offspring.

    Family drama on a tropical island

    Most birds form strong partnerships to raise offspring as a couple. Raising baby birds is an intense job. Having two parents at the nest is often essential for the survival of the chicks.

    The Seychelles warbler is no exception. These small songbirds live only on the Seychelles, northeast of Madagascar.

    They often pair for life and defend a territory together. The longest documented partnership is 15 years.

    Still, family life is not always perfect for these warblers. Of all warbler couples, about one in seven (14%) end in a separation.

    In these cases, one of the parents leaves their territory and finds a new mate elsewhere when there is still an egg, young chick or fledgling in their original nest.

    The Seychelles warbler lives on a few islands in the Seychelles. This is the view from Cousin Island, home to a long-studied population of these songbirds.
    Frigg Speelman, CC BY-NC-ND

    How do you know if a bird is stressed?

    For decades, a team of international researchers has studied the population of warblers on Cousin Island nature reserve. The dataset they have gathered includes information about the relationship status of all birds, as well as measures of their wellbeing, lifespan and how many offspring they produce.

    Using this data, we looked at what happened to the offspring of partners who had split up.

    We measured the stress levels of chicks who hatched just before the ending of their parents’ relationship up to the moment they reached adolescence.

    In humans, it’s common to measure stress by looking at the levels of cortisol in saliva and hair. But measuring stress in birds is a little different. To do this, we used three biomarkers which indicate physiological stress experienced by animals.

    The first is telomere length, the protective “caps” on the end of chromosomes which protect DNA against damage. The shorter the telomeres, the higher the stress.

    The second is the percentage of red blood cells in blood, which shows how well a warbler chick can use oxygen. The third is body condition, which indicates a bird’s fat reserves. These three markers let us gauge the stress levels and health of young warblers.

    We also wanted to know whether parental separation would have lifelong consequences for the chicks. To find this out, we compared chicks from separated parents to those with more stable nests and assessed how long they lived and how many offspring they produced.

    Warbler separation doesn’t stress chicks

    What we found was surprising. There was no evidence the separation of parents affected the stress levels of chicks or their long-term survival and breeding success.

    Why might this be?

    One reason is that these birds don’t linger on the past. They move on very quickly.

    When a partnership ends through separation or death, it opens up a vacancy – which can be quickly filled.

    When separation happens, one bird leaves. The remaining partner can find themselves left with offspring to take care of themselves.

    But parenting chicks is only half the story – nesting is also about territory. Cousin is a very small island of just 0.3 square kilometres with over 300 Seychelles warblers living on it.

    That means the space to breed is very limited. As a result, when vacancies arise they’re often filled just hours after separation.

    For the chicks, this means they now have a step-parent who can help raise them almost immediately. This means they don’t face a future with less parental care.

    Family life can be complicated for the Seychelles warbler. Separations leave quickly filled vacancies, where unrelated birds can help raise young.
    Charli Davies, CC BY-NC-ND

    That’s not all. The Seychelles warbler is known for an unusual arrangement in which breeding couples sometimes receive help from other warblers, known as cooperative breeding.

    On Cousin Island, there are more Seychelles warblers than there are breeding vacancies, meaning many adults can’t secure a partner and territory. These adults can join couples in established territories and help raise the offspring. This extra help may offset any reduced parental care after the ending of a partnership, meaning the offspring are still well off.

    What we can learn from this

    Our research shows Seychelles warbler chicks are better able to weather their parents separating than we expected.

    Importantly, this humble bird is just one of a huge group of species who form socially monogamous partnerships where both parents raise the offspring.

    Whether a parental relationship ending affects other species remains to be seen.

    Frigg Janne Daan Speelman 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 chicks are alright: what songbirds can teach us about divorce and moving on – https://theconversation.com/the-chicks-are-alright-what-songbirds-can-teach-us-about-divorce-and-moving-on-256101

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Just the ticket? The problem with local body candidates aligning with national political parties

    Source: The Conversation (Au and NZ) – By Julienne Molineaux, Senior Lecturer, School of Social Sciences and Humanities, Auckland University of Technology

    Getty Images

    With accusations flying thick and fast last year about supposed “dysfunction” and a “shambles” at Wellington City Council, Local Government Minister Simeon Brown stepped in and appointed a Crown Observer.

    Announcing the move, Brown said the “financial and behavioural challenges” facing the council represented a problem under the Local Government Act. Part of the issue, Prime Minister Christopher Luxon claimed recently, was that there had been “way too much ideology and party politics”.

    With the Green-endorsed current mayor Tory Whanau withdrawing from the next election, and former Labour cabinet minister Andrew Little announcing his mayoralty bid, it remains to be seen whether those partisan perceptions have diminished.

    But at the other end of the political spectrum, the ACT Party is actively recruiting candidates to stand at the 2025 elections using its branding and policy platform. The ACT website states clear policy positions for prospective candidates to campaign on.

    The Local Government Act, on the other hand, requires elected members to consult with people affected by their decisions and to do so with an open mind. Reinforcing this point, the Office of the Auditor-General says those managing public resources must avoid holding pre-determined positions:

    You are not required to approach every decision as though you have given it no prior thought, or have no existing knowledge or opinion. However, you are required to keep an open mind, and you must be prepared to change or adjust your views if the evidence or arguments warrant it.

    If ACT is successful in building a local government ticket nationally, this tension – and the kind of tensions recently at play in Wellington – could be seen in other councils.

    Benefits of party branding

    Political party affiliations in local government are not actually the norm. In 2019, winning councillors around New Zealand mostly left the affiliation section of their nomination forms blank (60%) or stated they were “independent” (18%).

    Only 3% of winning councillors were affiliated with a registered political party, and 4% with a local grouping or ticket.

    But the picture changes in our three largest councils: Auckland Council, Christchurch City Council and Wellington City Council. No winning councillors in those cities left the affiliation section blank in 2019, 38% ran on a local ticket, and 22% for a political party.

    And there are good reasons for local body candidates to run as party-endorsed or on a local ticket, as former local body politician Shirin Brown outlined in her PhD thesis on Local Boards in Auckland: shared costs, shared resources (such as party volunteers to deliver leaflets), shared expertise and brand recognition for voters.

    Importantly, a candidate with low name recognition can coat-tail on higher profile candidates on the same ticket, or the public profile of the ticket overall. Other research suggests the strategy works: in Auckland, at least, those who stand with a group affiliation are more likely to be elected than those who do not.

    In larger urban areas, with high populations and low levels of representation per capita, visible groupings of local government candidates make sense. Research reveals a major obstacle to voting in local elections is a lack of information about candidates and what they stand for.

    Blurred party lines

    Once elected, though, there are questions about the cohesion of groupings. Shirin Brown found the ad-hoc nature of some local tickets for Auckland’s local boards – formed for strategic election reasons but with little coherence or discipline once elected – sometimes collapsed once in office.

    In Auckland, ward councillors and the mayor have run with group branding, but there is little evidence of whipping along party, ticket or broad ideological lines.

    As a councillor for the Manukau ward (2016-2022), the late Efeso Collins stood for election as a Labour Party candidate, but he voted against some initiatives of the Mayor Phil Goff, a former leader of the Labour Party.

    Communities and Residents (C&R) councillors have mostly been aligned with the National Party, but have also included ACT and unaffiliated centre-right candidates.

    While they often voted against Goff, and earlier against Labour Party member Len Brown (mayor from 2010-2016), it wasn’t always as a uniform block. Indeed, Brown’s initiatives were simultaneously opposed by Cathy Casey (City Vision) on the left and Cameron Brewer (C&R) on the right.

    Keeping an open mind

    As this year’s local elections approach, the Crown Observer for Wellington City Council, Lindsay McKenzie, has written candidate guidelines about political affiliations and their legal obligations to avoid predetermined positions.

    These cover the promises they make on the campaign trail as well as how they act once elected. They address the tension between the democratic act of signalling your values and policy positions to voters, and the requirement under the Local Government Act to make decisions based on local concerns rather than political affiliation.

    As McKenzie points out, having an open mind is not just an issue for party members. It also applies to those who stand as independents and adhere rigidly to policy positions they campaigned on.

    Irrespective of their affiliation, candidates in the upcoming local elections have a tightrope to walk – between declaring their values and policy positions, and being receptive to new information and perspectives once elected.

    Voters need to accept elected members may have access to information that was not available when they were campaigning. And the political media needs to give some leeway to councillors and mayors who change their positions.

    Julienne Molineaux 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. Just the ticket? The problem with local body candidates aligning with national political parties – https://theconversation.com/just-the-ticket-the-problem-with-local-body-candidates-aligning-with-national-political-parties-257887

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: ‘Not available in your region’: what is a VPN and how can I use one safely?

    Source: The Conversation (Au and NZ) – By Meena Jha, Head Technology and Pedagogy Cluster CML-NET, CQUniversity Australia

    Linaimages/Shutterstock

    “This video is not available in your location”. It’s a message familiar to many people trying to watch global content online. But beneath this frustration lies a deeper question – how do we navigate digital borders safely and ethically?

    As our digital lives expand, so too does our desire for access. Maybe you want to see the latest streaming shows before they arrive in your country. Maybe you’re a sports fan wanting to watch live broadcasts of international events. Or perhaps you need to log into your company’s secure intranet while at home or overseas.

    Enter the virtual private network (VPN) – a technology that’s become as essential as antivirus software for many. With many commercial and free VPN providers on the market, interest in these services has grown in recent years.

    How does a VPN work?

    A VPN is like a secure tunnel between your device and the internet. When you use a VPN, your internal traffic is scrambled into unreadable data and routed through a remote server, which also masks your real IP address.

    Think of it like this: instead of sending a postcard with your return address, you send it in an envelope to a trusted friend overseas who mails it on your behalf. To anyone looking at the envelope, it looks like the message came from your friend and not you.

    This technique shields your identity, protects your data from snoopers, and tricks websites into thinking you are browsing from another location.

    While often marketed as tools for online privacy, VPNs have grown popular for another reason: access.

    Many people use VPNs to access geo-blocked content, secure their internet activity, work remotely – especially when handling sensitive data – and protect against online tracking and targeted advertising.




    Read more:
    What does it mean to ‘accept’ or ‘reject’ all cookies, and which should I choose?


    VPNs are legal, if a bit grey

    VPN services are offered by dozens of providers globally. Companies such as NordVPN, ProtonVPN, ExpressVPN and Surfshark offer paid subscriptions with strong security guarantees. Free VPNs also exist but come with caveats (more on this in a moment).

    In most countries, including Australia, using a VPN is completely legal.

    However, what makes it murky is what one might use it for. While using a VPN is legal, engaging in illegal activities while using one remains prohibited.

    Streaming services like Netflix or Disney+ license content by region. Using a VPN to access a foreign catalogue may violate their terms of service and potentially be grounds for account suspension.

    Australian law does not criminalise accessing geo-blocked content via VPN, but the copyright act does prohibit circumventing “technological protection measures” in certain cases.

    The grey area lies in enforcement. Technically, copyright law does ban getting around certain protections. However, the latest advice does not mention any cases where regular users have been taken to court for this kind of behaviour.

    So far, enforcement has mostly targeted websites and platforms that host or enable large-scale copyright infringement; not everyday viewers who want to watch a show a bit early.

    Beware of ‘free’ VPNs

    Not all VPNs are created equal. While premium services invest in strong encryption and privacy protections, free VPNs often make money by collecting user data – the very thing you may be trying to avoid.

    Risks of unsafe VPNs include data leaks, injection of ads or trackers into your browsing, and malware and spyware, especially in free mobile apps that claim to provide a VPN service.

    Using a poorly designed or dishonest VPN is like hiring a bodyguard who sells your location. It might give the impression of safety, but you may actually be more vulnerable than before.

    Okay, so how do I choose a VPN?

    With so many VPNs available, both free and paid, it can be hard to know which one to trust. If you are considering a VPN, here are five things to look for.

    No-log policy. A trustworthy VPN should have a strict no-log policy, meaning it does not store any records of your internet activity, connection time or IP address. This ensures even if the VPN provider is hacked, subpoenaed or pressured by a government, they have nothing to hand over.

    Strong encryption standards. Encryption is what makes your data unreadable to anyone snooping on your connection, such as hackers on public WiFi or your internet provider. A somewhat technical thing to look out for is AES 256-bit encryption – it’s extremely secure and is used by banks and governments.

    Independent audits. Reliable VPN services voluntarily undergo third-party audits to verify their privacy claims and the security of their infrastructure.

    Kill switch. A kill switch is a critical safety feature that automatically blocks internet traffic if the VPN connection drops. This prevents your real IP address and data from being exposed, even momentarily.

    Jurisdiction. VPNs are subject to the laws of the country they are based in. The countries in the Five Eyes intelligence alliance (Australia, Canada, United Kingdom, United States and New Zealand) may legally compel providers to hand over user data. If a VPN service has a strict no-log policy and does not collect information about what you do online, then even under legal pressure, there is nothing to hand over. So, you are safe.

    In an era of growing surveillance, cybercrime and corporate data collection, VPNs are essential tools for reclaiming your online privacy and data.

    But like any tool, the effectiveness (and ethics) of VPNs depend on how you use them. Next time you fire up your VPN, ask yourself – am I just dodging a digital border, or actively protecting my online freedom?

    Meena Jha 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. ‘Not available in your region’: what is a VPN and how can I use one safely? – https://theconversation.com/not-available-in-your-region-what-is-a-vpn-and-how-can-i-use-one-safely-256559

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Coach Launch Responds to Rising Sales Resistance by Championing Virtual Events for Entrepreneurial Success

    Source: GlobeNewswire (MIL-OSI)

    Melbourne, Australia, June 03, 2025 (GLOBE NEWSWIRE) — As businesses navigate an era of heightened sales resistance and growing distrust driven by AI-generated content, Coach Launch, a Melbourne-based consultancy with a global client base, has announced a strategic initiative to help entrepreneurs embrace virtual events as a scalable solution to rebuild engagement and trust. The company now offers tailored online virtual event consulting designed to replace outdated sales tactics with immersive, rapport-building digital experiences.

    AI Skepticism Fuels a New Sales Era

    Across industries, sales teams are encountering a new form of resistance—one deeply tied to the rise of artificial intelligence and automation in marketing. Potential buyers are becoming more selective, with an increased focus on authenticity and real-time engagement. According to recent findings, traditional one-to-one selling methods are proving costly and increasingly ineffective, while automated systems often fail to create the trust needed to convert modern customers.

    In response, businesses are shifting their approach, and Coach Launch is leading the way by offering a consulting model that focuses on high-impact virtual experiences.

    Virtual Events Offer an Effective Alternative

    Virtual events are emerging as a vital tool in combating sales resistance, offering entrepreneurs a way to scale outreach while maintaining a human touch. These experiences create an opportunity for businesses to connect with their audiences in real-time, delivering value, insights, and interaction that static digital content cannot match.

    “Virtual events have become a necessary evolution in business communication,” said Mr. Matthew White, spokesperson for Coach Launch. “They allow entrepreneurs to demonstrate their value in real time, answer questions, and build a genuine connection. In today’s environment, that’s what moves the needle.”

    Coach Launch specializes in guiding entrepreneurs through the entire event process—from strategy and planning to execution and follow-up—ensuring each virtual engagement is structured for both authenticity and profitability.

    Immersive Experiences Increase Engagement

    The effectiveness of virtual events lies in their immersive nature. Reports such as Immersion Causes Conversion point to a measurable link between active participation and consumer response. When attendees are drawn into a live, engaging experience, they are more likely to remember the message, build trust with the host, and take action.

    This insight is especially relevant given data from The Rise of Sales Resistance, which outlines the declining effectiveness of conventional outreach tactics such as cold emails and sales calls. In this landscape, passive strategies are falling short, and immersive approaches like live digital events are rising in value.

    Scalable and Repeatable Business Growth Model

    Coach Launch is not merely offering one-time solutions. Its consulting services are built around a repeatable framework that enables entrepreneurs to run profitable, recurring virtual events. This system allows entrepreneurs to run profitable, recurring virtual events—accessible to businesses anywhere in the world.

    Unlike conventional marketing funnels, the model empowers entrepreneurs to host sessions that engage audiences, showcase expertise, and move prospects naturally toward conversion—all within a controlled, measurable environment.

    “Our goal is to provide a roadmap that entrepreneurs can replicate,” said White. “The beauty of virtual events is in their flexibility. You can iterate, adapt, and run them as often as needed without the overhead of traditional events.”

    Coach Launch’s upcoming session will be held on April 19, 2025, with new sessions recurring every two weeks. Entrepreneurs and business leaders interested in learning more about this model are encouraged to get a free ticket and attend the next live event.

    Rebuilding Trust Through Connection

    Trust is at the heart of every business transaction, and Coach Launch emphasizes that it must be earned through transparency, interaction, and value. By replacing static content and impersonal outreach with live, human-driven experiences, entrepreneurs are reclaiming lost ground in a digitally crowded marketplace.

    Coach Launch’s approach aligns with the evolving expectations of today’s buyers, who value authenticity over automation and are more likely to engage when they feel seen and heard regardless of geography or time zone.

    About Coach Launch

    Coach Launch is a global online virtual event consulting company based in Melbourne, Australia. It specializes in helping entrepreneurs and small business owners plan, launch, and optimize profitable virtual events. As virtual event consultants, Coach Launch supports coaches, consultants, and service experts who want to run profitable virtual events in small, intimate groups with highly engaged attendees ready to buy—and do so consistently, like clockwork. With a focus on scalability, engagement, and trust-building, Coach Launch provides strategic consulting to support business growth through immersive digital experiences. Its bi-weekly events demonstrate the effectiveness of this approach, offering entrepreneurs a clear path toward modernizing their outreach methods.

    Virtual Event Consultants

    The MIL Network

  • MIL-OSI USA: MENG INTRODUCES COMPREHENSIVE LEGISLATION TO END PERIOD POVERTY AND IMPROVE ACCESS TO MENSTRUAL PRODUCTS

    Source: United States House of Representatives – Congresswoman Grace Meng (6th District of New York)

    WASHINGTON, D.C. – Today, U.S. Rep. Grace Meng (D-NY) announced that she reintroduced her Menstrual Equity for All Act, a bold, whole-of-government approach to eradicating period poverty and improving access to menstrual products.

    Menstruation is a natural part of life for roughly half of the world’s population at one point or another. Yet, today, millions of people in the United States continue to experience period poverty. In fact, one in three American adults who menstruate report struggling to afford menstrual products, and one-third have missed school or work because they could not access these products. An estimated 86% of people who menstruate use tampons, up to 72% use pads, and 75% use panty liners. Most of them use these products on a monthly basis. It is estimated that an individual will spend over $6,000 on menstrual products in their lifetime. 

    “Period products are essential for millions of people who menstruate,” said Congresswoman Meng. “Access to these products is not only a health care right, but also a human right. It is unacceptable that they are still out of reach for more than half the population. This legislation takes critical steps toward ending period poverty by expanding access to menstrual products for individuals across a range of populations, such as in schools and universities, workplaces, and correctional and detention facilities, and through existing federal programs like the Temporary Assistance for Needy Families, and Social Services Block Grants. Without it, women, girls, and menstruators will continue to miss out on educational and career opportunities simply because they cannot afford period products. We must keep fighting for them.”

    Specifically, Meng’s Menstrual Equity for All Act would:

    • Give states the option to use federal grant funds to provide students in elementary and secondary schools with free menstrual products;
    • Incentivize institutions of higher education to create pilot programs that provide free menstrual products to students;
    • Ensure incarcerated individuals and detainees in federal, state, and local facilities (including immigration detention centers), have access to free menstrual products;
    • Allow homeless assistance providers to use grant funds that cover shelter necessities (such as blankets and toothbrushes) to also use those funds to purchase menstrual products;
    • Require Medicaid to cover the cost of menstrual products;
    • Direct large employers (with 100 or more employees) to provide free menstrual products for their employees in the workplace;
    • Require all public federal buildings to provide free menstrual products in the restrooms;
    • Provide states and localities with funds through the Social Services Block Grant program to support free menstrual products programs;
    • Eliminate the federal sales tax on period products; and
    • Create a pilot program within the Temporary Assistance for Needy Families (TANF) program to help families in need access menstrual products.

    “We know that period supplies are basic essentials that all people who menstruate require to participate in daily life – going to work, school, and engaging in everyday events,” said Joanne Goldblum, CEO of the Alliance for Period Supplies. “The Menstrual Equity for All Act ensures equitable access to period supplies so that millions of people can earn, learn, and thrive. We thank Congresswoman Meng for championing the Menstrual Equity for All Act and fully support the bill as it offers a comprehensive solution to a major public health issue. Its passage is long overdue.”

    “The fact of the matter is that nearly 1 in 4 students across the country are unable to afford period products and a quarter of students are unable to do their schoolwork due to a lack of access to these products,” said Michela Bedard, Executive Director of PERIOD. “The Menstrual Equity for All Act will improve student success in and out of the classroom through expanded menstrual health education and period product access.”

    “Women’s Voices for the Earth applauds Congresswoman Meng for her longstanding commitment and leadership on menstrual equity,” said Debra Erenberg, Co-Executive Director, Women’s Voices for the Earth. All people who menstruate need and deserve access to safe and healthy intimate care products. We look forward to working with the Congresswoman to pass this groundbreaking piece of commonsense legislation.”

    Meng originally introduced her Menstrual Equity for All Act in 2017. Since then, she has led numerous efforts to improve access to menstrual products and promote menstrual health. Earlier this month, she introduced a resolution to designate May as “National Menstrual Health Awareness Month.” The resolution recognizes the impact that the stigmatization of menstruation has on the lives of women, girls and people who menstruate.

    This legislation was introduced with 61 cosponsors. It is supported by the Alliance for Period Supplies, The Center for Baby and Adult Hygiene Products, Days for Girls, The Flow Initiative, Helping Women Period, ISSA – The Worldwide Cleaning Industry Association, Mass NOW, Mujeres and Menstruators United, National Federation of Business and Professional Women’s Clubs, Period Education Project, PERIOD., and Period Law.

    The full text of the bill can be found here.

     

    MIL OSI USA News

  • MIL-OSI Security: Owner of Santee Trucking Company Charged in $2 Million Credit Card Scheme

    Source: Office of United States Attorneys

    SAN DIEGO – Hasan Korkmaz, the owner and operator of San Diego Logistics Group Inc., a Santee trucking company, was arraigned in federal court today on an 18-count indictment charging him with bank fraud, money laundering and aggravated identity theft.

    MIL Security OSI

  • MIL-Evening Report: Ship runs aground in Fiji – then its rescue vessel capsizes

    RNZ Pacific

    Fiji’s Maritime Safety Authority has launched an investigation into Goundar Shipping Limited following two incidents involving its vessels.

    Late last month, one vessel ran aground on the reef of Ono-i-Lau, and villagers had to step in to ferry stranded passengers to nearby islands using small boats.

    On Monday, the Lomaiviti Princess II was sent to assist with salvage operations of the grounded boat in Ono-i-Lau.

    But the rescue boat never made it as it capsized in Suva Harbour, where it remains on its side.

    The company’s managing director George Goundar told local media “the mishap at Suva Harbour regarding the Lomaiviti Princess II was not the works of the company”.

    He directed all questions to the Fiji Ports Cooperation.

    Maritime Safety declines comment
    FBC News has asked the ports cooperation for comment, but the outlet reported the Maritime Safety Authority had refused to comment further.

    Minister Ro Filipe Tuisawau said the matter was under investigation and a release would be issued after he received an update on the matter.

    On May 29, the company posted on social media about the first incident, saying “GSL Management would like to sincerely thank the people of Ono-i-Lau for your tremendous support following the mishap”.

    “We acknowledge and appreciate your assistance in ensuring the passengers were safely brought ashore.

    “The vessel is now en route to Suva.”

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

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Canada: Adam Scott to the Canadian Telecom Summit

    Source: Government of Canada News

    Toronto, Ontario
    June 3, 2025

    Adam Scott, Vice-Chairperson, Telecommunications
    Canadian Radio-television and Telecommunications Commission (CRTC)

    Check against delivery

    Thank you for the invitation to speak today and for that warm welcome. Before I begin, I would like to acknowledge that we are on the traditional territory of many nations, including the Mississaugas of the Credit, the Anishnabeg, the Chippewa, the Haudenosaunee and the Wendat peoples. I thank them and pay respect to their Elders.

    I received the invitation to speak at this event the exact same day that I received my Long Service Award for 25 years in the public service. And I thought, “well this is too perfect, I’ll call my speech ‘Looking back on a quarter century of telecommunications policy.’” And I’ll weave together anecdotes from my 25-year career with key moments in telecommunications policy to write a nice little speech that perfectly aligns with the 25-year history of this conference. Then somebody told me it was, in fact, the 24th edition of the Telecom Summit.

    Things don’t always line up quite as perfectly as you had hoped. Nonetheless, I would still like to spend some time looking back on –not quite – a quarter century of telecom policy.

    I have spent my career thinking about Canadian telecommunications and developing public policies to support a competitive and innovative telecommunications industry. I was at the very first Telecom Summit as a junior analyst for what was then Industry Canada – which became Innovation, Science and Economic Development Canada. I was so junior, that I was probably the only person in the room without a Blackberry. Instead, I brought a pocket full of quarters so I could stay in touch with the head office in Ottawa via pay phone, if you can believe that.

    I hearken back to those early days of this conference and my time in government not to make myself feel old – though, believe me, I feel plenty old – but to make the point that the health of Canada’s telecommunications industry and the services it offers Canadians have been top of mind for the Canadian government for a very long time.

    Throughout that time, while the specific circumstances, approaches and tools have varied, the core areas of focus have remained fundamentally the same. In fact, I’ve been explaining telecom policy by drawing the same triangle diagram for 25 years with quality, coverage, and price at the corners.

    Its apt because a triangle is a remarkably stable structure, and one where each of the sides supports, and is supported by, the two others. So I will touch on each corner in turn, describing the work we are doing on each at the CRTC, and show how we are promoting competition and consumer empowerment as foundational blocks that hold up our policy triangle.    

    Ensuring quality services for Canadians

    Let’s start with quality. The CRTC is part of the larger federal government effort to ensure Canadians have high-quality and reliable telecommunications networks. And quality is perhaps where our job has historically been least difficult, as world-class networks have been a hallmark of Canadian telecommunications.

    In terms of the Internet today, this means ongoing investment in fibre, DOCSIS upgrades, next-generation fixed wireless, and investment in LEO satellites. And in terms of cellphones, this means the rollout of modern networks which already cover most of Canada’s urban areas and are quickly becoming available in more and more rural and remote areas as well.

    We are seeing that companies are continuing to make network investments to provide the telecommunications services that Canadians need.

    Hand-in-hand with ensuring that our regulatory regime supports ongoing investment in modern networks, we are also working to ensure our networks are reliable. As the world we live in gets more unpredictable and the impact of service outages on a digital economy more severe, this is more important than ever.

    So we are developing a robust strategy and regulatory framework to help reduce the occurrence of service outages and improve network resiliency and the reliability of services. Because Canadians need to be safe in the knowledge that in an emergency, they will be able to reach out for help.

    To that end, we have already issued an interim decision on outage notification requirements for providers. We also have upcoming consultations aimed at reducing outages, mitigating their impact, and ensuring consumers are treated fairly when they do occur.

    We are committed to ensuring all Canadians have access to reliable Internet and cellphone services.

    Providing coverage for rural, remote and Indigenous communities

    This leads into the second corner of our triangle: coverage. And specifically, the challenge of getting coverage in areas where market forces alone may not meet the need. 

    Meeting this challenge when it comes to Internet coverage has been the focus of the CRTC’s Broadband Fund. The Broadband Fund team works with partners across the industry, governments and municipalities to connect communities that have previously lacked adequate or sufficient access.

    And every day we are getting closer to ensuring all Canadians have it. In 2017, 84% of Canadians had access to Internet services at speeds that meet our 50/10 universal service objective, and the gap between urban and rural parts of our country was vast: just 37% of rural, remote and Indigenous households had access to Internet at target speeds versus 97% of urban homes.

    Eight years later, more than 95% of Canada, 78% of rural households, and around 60% of homes in the Territories and on Reserves have access to 50/10 Internet. And through an array of investments, innovations, and a whole-of-government effort, we are on track to meet our goal of 100% of the country by 2030. But in many ways, the job gets harder the closer we get to our target. There is little, if any, low-hanging fruit remaining. CRTC staff are likely getting sick of hearing me say that the last steps to the finish line are often the hardest.

    As hard as they might be, we are committed to getting there. The Broadband Fund has had three calls for applications at this point, and directed funding to help connect more than 270 communities. We are continuing to deliver funding from our third call.

    In the past year alone, we have committed support across seven provinces and territories, which will improve telecommunications services along approximately 100 kilometres of major roads and help build over 2,700 kilometres of transport fibre.

    These investments will make a profound impact in those communities by improving access to health care services and education, and creating new opportunities for local businesses. And while we are pleased with this progress, we know we can do better. So we launched a review of the Broadband Fund to find ways we can improve the allocation of funding.

    To date, we have announced a number of changes, including making it faster and easier to submit a funding application, cutting down on the time it takes for us to review applications, implementing new ways to help Indigenous applicants, and improving our mapping so we can better identify roads and communities that need more help.

    We are continuing to review other aspects of the Fund so it can help us close the coverage gaps that remain across the country.

    Delivering affordable service plans for Canadians

    As we work to ensure all Canadians have access to telecommunications services, and that Canadian networks are among the highest quality in the world, we also want to make sure everyone has access to affordable choices – the third corner of our triangle.

    We are addressing a common complaint: too often, Canadians feel like they pay more than they can afford for telecommunications services.

    The Government’s February 2023 policy direction instructed the Commission to renew our approach to telecommunications policy in Canada, and to consider how our decisions could promote competition, affordability, reliability, and consumer interests.

    In the two years since that direction, we have taken action promoting those goals in both the cellphone service and Internet service markets in Canada.

    In the cellphone market, our mobile virtual network operator (or MVNO) framework allows competitors to operate on the networks of Canada’s incumbent mobile carriers. Competitors are now offering Canadians service plans in regions of the country where they previously had no presence and the impact on prices is apparent.

    Through this framework, we are fostering greater competition across Canada and creating the conditions for more affordable choices. At the same time, we know that building and maintaining high-quality networks is expensive. So we are simultaneously providing incentives for companies to continue to make facilities-based investments. For example, competitors that take advantage of MVNO access must also build-out their own networks in the new areas they serve within seven years of the framework’s launch. And our ongoing monitoring of compliance with that requirement will ramp up the closer we get to the seven-year sunset for this access in 2030.

    We are similarly focused on seeing more affordable Internet service choices available to Canadians. This is an ongoing file, with several applications before us being considered. So far, for the first time, we have provided competitors with a workable way to sell Internet services using the fibre-to-the-home networks of large telephone companies. The data showed that our previous approach to wholesale fibre didn’t produce the results that we wanted and Canadians deserved, so we pivoted. And more than a dozen companies are already using the new high-speed access framework to increase their competitive footprints.

    Canadians are seeing increased competition in the high-speed Internet marketplace, and we hope that trend will continue. Here, too, it is important to add that we have put in place incentives for continued investment – wholesale rates will be cost-based, providing the network builder the opportunity to recover their investments. And for the first time ever, any new fibre-to-the-home access built by incumbent providers is exempt from competitor access until 2029, giving network builders a head-start on recovering their investments even before cost-based wholesale competition kicks in.

    We expect continued downward pressure on telecom prices as a result of the changes we have made. And indeed, we are encouraged that year-over-year prices for Internet and cellphone services are trending in the right direction. But despite what the numbers say, many Canadians are telling us that they aren’t seeing those savings.

    We are exploring a range of options to determine how we can ensure Canadians are benefitting from greater competition. I am thrilled that increased competition has led to more and better service offerings in the marketplace. But the job isn’t done until Canadians see improvements in the bills on their kitchen tables. This is another phrase that staff will become sick of hearing me repeat.

    In fact, next week we will be holding a public hearing as part of our consultation on making it easier for consumers to shop for Internet services. This includes better labelling for Internet service plans, potentially presented the same way we see nutritional information on cereal boxes at the grocery store. Consumers deserve to have the services on offer presented to them simply and clearly, and we want them to have easy-to-compare information on each plan. This will make it easier to shop, and also make it easier to see whether consumers are getting what they pay for.

    This is one of several consumer-centric consultations we have underway. We are also looking into establishing rules that would require service providers to notify customers when their current plans or discounts are about to expire; examining what fees service providers charge that may impede switching; and seeing what additional tools or portals consumers need to manage their plans with minimal hassle.

    We look forward to finding new and innovative ideas to ensure affordable choices are available to all Canadians.

    Conclusion

    And that, I think, is a good place for me to wrap up today. The CRTC is focused on how we can best set up Canadian communications networks to deliver reliable, affordable and high-quality Internet and cellphone services to all Canadians, from coast to coast to coast. Competition and consumer empowerment are going to be pivotal.

    It’s a goal which, as I stated at the beginning, has not changed since the beginning of my career and that first Telecom Summit almost a quarter century ago. And although the frameworks, assumptions and environment may have changed, the fundamental way in which we work has not. Because at the end of the day, the CRTC relies on all Canadians, and all of you here today, to do our work.

    CRTC decisions are made only after extensive public processes, including consultations, hearings, and outreach. There is ample opportunity for everyone to get involved and help shape our regulatory work. Please do not hesitate to reach out, have your voice heard, and help us to better understand your experience of Canada’s communications systems.

    Because we know that when we work together, we can reach positive solutions for everyone in Canadian telecommunications.

    Thank you.

    MIL OSI Canada News

  • MIL-OSI USA: Feenstra Supports Legislation to Combat SBA Loan Fraud

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) voted for, and the U.S. House of Representatives passed, the 7(a)Loan Agent Oversight Act, which would require the U.S. Small Business Administration to provide annual reports to Congress on loan agents, which serve as intermediaries, for the SBA 7(a) program.

    “Ensuring that our small businesses have access to reliable, affordable capital is important for economic growth and rural development in Iowa. The SBA’s flagship loan program – the 7(a) loan program – helps facilitate this investment by assisting job creators on Main Street with securing financing. However, a percentage of this program uses loan agents, which have a history of fraud, to disburse small business loans,” said Rep. Feenstra. “It’s why I voted for legislation to conduct vigorous oversight of this program so that small businesses get the financial resources that they need to grow, hire, and invest while protecting taxpayer dollars and combatting fraud. Under President Trump, we are eliminating waste, fraud, and abuse in the federal government, and this legislation will further that mission at the SBA.”

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    MIL OSI USA News

  • MIL-OSI China: China slams EU’s protectionist move targeting Chinese medical device firms

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

    China firmly opposes the EU’s protectionist move to limit Chinese medical device firms from participating in major EU public procurement tenders, the Ministry of Commerce said Tuesday.

    The statement came in response to the EU member states’ decision to block Chinese companies from participating in public procurement tenders in the medical device sector for contracts valued over 5 million euros (about 5.72 million U.S. dollars) under the bloc’s International Procurement Instrument. The plan, reportedly approved on Monday, would prohibit Chinese firms from bidding on such contracts for a five-year period.

    The EU’s decision and discriminatory measures harm the interests of Chinese enterprises, and also undermine fair competition and set up new trade barriers through unilateral tools, the ministry noted, stressing that China firmly opposes such a protectionist move.

    The global economic order is facing severe challenges from unilateralism and protectionism, the ministry said.

    As responsible major economies, China and the EU should adhere to WTO rules, uphold the principles of fairness, transparency and non-discrimination, address challenges through mutual openness, and resolve differences through cooperative dialogue to jointly safeguard the healthy development of China-EU economic and trade relations, the ministry added.

    It is hoped that the EU will rectify its misguided approach, the ministry said, stressing that China will closely monitor the EU’s subsequent actions and take necessary measures to safeguard the lawful rights and interests of Chinese enterprises. 

    MIL OSI China News

  • MIL-OSI New Zealand: Release: Reserve Bank predicts more job losses

    Source: New Zealand Labour Party

    The Reserve Bank’s Monetary Policy Statement predicts a sluggish economy with higher inflation and more job losses.

    “Just days after Nicola Willis slashed women’s pay in order to deliver her so-called ‘Growth Budget’, growth is now predicted to slow,” Labour finance and economy spokesperson Barbara Edmonds said.

    “The Reserve Bank cited low growth, higher inflation in the short term, and higher unemployment as key reasons why they cut rates today. Rate cuts are good for mortgage-holders, but there are some real alarm bells in the RBNZ’s statement.

    “Specifically, it projected sluggish economic growth of less than 1% in 2025, and said that inflation will continue to rise in the short term.

    “Most concerning, the Reserve Bank warned about a weakening labour market, with unemployment remaining above 5% and expected to climb further this year. That contradicts National’s promises of thousands of new jobs in their Budget. Thanks to their choices, more than 15,000 construction jobs have been lost.

    “The Government claims to have delivered a ‘Growth Budget’ but the only growth we can see is growing unemployment, growing prices, and a growing pay gap between men and women.

    “Instead of helping people through tough times, the Government has chosen to cut jobs and take money from women’s future pay, all so they can give it to tobacco, fossil fuel, and big tech companies.

    “Labour would make different choices, investing in jobs, health, and homes to grow the economy and lift living standards for everyone,” Barbara Edmonds said.


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    MIL OSI New Zealand News

  • MIL-OSI USA: Governor Polis Signs Bills into Law Supporting Service Members, Veterans, and Military Connected Coloradans and Families

    Source: US State of Colorado

    DENVER – Today, Governor Polis bills into law to support members of the military, veterans, and military connected families. 

    Governor Polis signed the following bills into law: 

    • SB25-279 – Colorado Code of Military Justice Updates, sponsored by Senators Matt Ball Byron Pelton, and Representatives Monica Duran and Andrew Hartsook
    • SB25-282 – Protections for Veterans Seeking Benefits, sponsored by Senators Matt Ball and Byron Pelton, and Representatives Lisa Feret and Ryan Armagost
    • HB25-1083 – Vehicle Transactions Deployed Military Families, sponsored by Representatives Eliza Hamrick and Marry Bradfield, and Senators Lisa Frizell and Dafna Michaelson Jenet 

    “Military families and veterans have long called Colorado home, and we are committed to continuing our work to expand resources for military connected Colordans by protecting veterans benefits, creating more transportation options for military families, and ensuring mission readiness for active military personnel,” said Governor Polis. 

    Governor Polis also signed SB25-304 – Measures to Address Sexual Assault Kit Backlog, sponsored by Representatives Willford and Froelich, and Senator Weissman. 

    “Everyone who has experienced sexual assault deserves justice and this new law moves us closer to ensuring that. I thank the bill sponsors for their work to address this urgent situation and help hold perpetrators accountable,” said Governor Polis. 

    Governor Polis also signed the following bills into law administratively: 

    • HB25-1031 – Law Enforcement Whistleblower Protection, sponsored by Representatives Bacon and Clifford, and Senators Roberts and B. Pelton
    • HB25-1198– Regional Planning Roundtable Commission, sponsored by Representatives Froelich and Brown, and Senator Winter
    • HB25-1313 – Modify Laws Within Purview of the Capital Development Committee, sponsored by Representatives Story and Lindsay, and Senators Mullica and Hinrichsen
    • HB25-1322 – Enforce Insurer Compliance Requests Insurance Policy, sponsored by Representatives Carter and Espenoza, and Senators Exum and Roberts
    • HB25-1329 – Foreign Third-Party Litigation Financing, sponsored by Representatives Mabrey and Soper, and Senators Frizell and Gonzales
    • SB25-083 – Limitations on Restrictive Employment Agreements, sponsored by Senators Daugherty and Frizell, and Representatives Brown and Garcia Sander
    • SB25-142 – Changes to Wildfire Resiliency Code Board, sponsored by Senators Baisley and Cutter, and Representative Velasco
    • SB25-145 – Online Cancellation of Automatic Renewal Contracts, sponsored by Senator Kipp, and Representative Lindsay and Zokaie
    • SB25-147 – Modify Board Management Public Employees’ Retirement Association, sponsored by Senators B. Pelton and Kolker, and Representatives Garcia Sander and Lukens
    • SB25-165 – Licensure of Electricians, sponsored by Senators B. Pelton and Daugherty, and Representatives Lindstedt and Woog
    • SB25-193 – Sunset Primary Care Payment Reform Collaborative, sponsored by Senators Ball and Mullica, and Representatives Garcia Sander and McCormick
    • SB25-214 – Healthy School Meals Program For All, sponsored by Senators Bridges and Amabile, and Representatives Sirota and Taggart
    • SB25-262 – Changes to Money in the Capital Construction Fund, sponsored by Senators Amabile and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-268 – Changes to Money in the Marijuana Tax Cash Fund, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Sirota
    • SB25-271 – Repeal Obsolete Family & Medical Leave Study, sponsored by Senators Ball and Rich, and Representatives Espenoza and Luck
    • SB25-274 – Amend Delivery Requirements Wine Direct Shipping, sponsored by Senators Rodriguez and Lundeen, and Representatives Lindstedt and Hartsook
    • SB25-275 – Nonsubstantive Relocation of Definitions in Colorado Revised Statutes, sponsored by Senators Ball and Catlin, and Representatives Luck and Espenoza
    • SB25-287 – Capitol Building Advisory Committee Modifications, sponsored by Senator Michaelson Jenet and Representative Lindstedt
    • SB25-291 Division Criminal Justice Spending Authority Community Corrections, sponsored by Senators Amabile and Kirkmeyer, and Representatives Sirota and Taggart
    • SB25-293 – Transfers from License Plate Cash Fund, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Sirota
    • SB25-307 – Decarbonization Tax Credits Administration Cash Fund, sponsored by Senators Amabile and Bridges, and Representatives Sirota and Bird
    • SB25-311 – Inactive Cash Funds, sponsored by Senators Amabile and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-314 – Recovery Audit Contractor Program, sponsored by Senators Kirkmeyer and Bridges, and Representatives Bird and Sirota
    • SB25-320 – Commercial Motor Vehicle Transportation, sponsored by Senators Bridges and Kirkmeyer, and Representatives Bird and Taggart
    • SB25-321 – Motor Vehicle Emissions Inspection Facilities, sponsored by Senators Kirkmeyer and Rodriguez, and Representatives Joseph and Gonzalez
    • SB25-317 – Transfer Cash Fund Investment Earnings to General Fund, sponsored by Senators Kirkmeyer and Bridges, and Representatives Bird and Taggart
    • HB25-1038 – Postsecondary Credit Transfer Website, sponsored by Representatives Hamrick and Johnson, and Senators Marchman and Baisley
    • HB25-1121 – Permanent Trailer Registration, sponsored by Representatives Suckla and Lukens, and Senators R. Pelton and Marchman
    • HB25-1189 – Motor Vehicle Registration Reform & Fees, sponsored by Representatives Mauro and Weinberg, and Senator Wallace
    • HB25-1014 – Increasing Efficiency Division of Water Resources, sponsored by Representatives Johnson and Lukens, and Senators Roberts and Simpson
    • HB25-1236 – Residential Tenant Screening, sponsored by Representatives Lindsay and Zokaie, and Senators Weissman and Jodeh
    • HB25-1249 – Tenant Security Deposit Protections, sponsored by Representatives Ricks and Bacon, and Senators Exum and Danielson
    • HB25-1289 – Metropolitan District Leases & Property Tax Exemptions, sponsored by Representatives Zokaie and Richardson, and Senators Weissman and Frizell
    • HB25-1333 – Legislative Human Resources Division, sponsored by Speaker McCluskie and Majority Leader Duran, and Senate President Coleman and Majority Leader Rodriguez
    • HB25-1335 – Tax Credit Availability, sponsored by Representatives Sirota and Taggart, and Senators Bridges and Kirkmeyer
    • SB25-018 – Online Search of Sales & Use Tax, sponsored by Senators Bridges and Kipp, and Representative Taggart
    • SB25-026 – Adjusting Certain Tax Expenditures, sponsored by Senator Mullica, and Representatives Marshall and Joseph
    • SB25-027 – Trauma-Informed School Safety Practices, sponsored by Senators Marchman and Representatives Joseph and Gonzalez
    • SB25-037 – Coal Transition Grants, sponsored by Senators Roberts and Kirkmeyer, and Representatives Taggart and Mauro
    • HB25-1149 – Comprehensive Black History & Culture Education in K-12, sponsored by Representative English, and Senator Exum
    • HB25-1117 – Vehicle Immobilization Company Regulation, sponsored by Representatives Joseph and Boesenecker, and Senators Gonzales and Weissman
    • SB25-297 – Implementation of Colorado Natural Medicine Initiative, sponsored by Senator Ball, and Representative Feret
    • HB25-1209 – Marijuana Regulation Streamline, sponsored by Representatives Lindstedt and Willford, and Senator Gonzales and Majority Leader Rodriguez
    • HB25-1245 – Heating Ventilation & Air Conditioning Improvement Projects in Schools, sponsored by Representatives Lieder and Hamrick, and Senators Kipp and Danielson
    • HB25-1130 – Labor Requirements for Government Construction Projects, sponsored by Representative Carter and Majority Leader Monica Duran, and Senators Danielson and Kolker
    • HB25-1284 – Regulating Apprentices in Licensed Trades, sponsored by Majority Leader Duran and Senator Sullivan
    • SB25-048 – Diabetes Prevention & Obesity Treatment Act, sponsored by Senators Michaelson Jenet and Mullica, and Representatives Brown and Mabrey
    • HB25-1208 – Local Governments Tip Offsets for Tipped Employees, sponsored by Representatives Woodrow and Valdez, and Senators Amabile and Daugherty
    • HB25-1330 – Exempting Quantum Computing Equipment Right to Repair, sponsored by Representatives Titone and Soper, and Senators Hinrichsen and Baisley
    • HB25-1274 – Healthy School Meals for All Program, sponsored by Representative Garcia, and Senators Michaelson Jenet and Wallace

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    MIL OSI USA News

  • MIL-OSI: Plantro Ltd. Announces Completion of its Tender Offer for Shares of Information Services Corporation

    Source: GlobeNewswire (MIL-OSI)

    ST. HELIER, Jersey, June 03, 2025 (GLOBE NEWSWIRE) — Plantro Ltd. (“Plantro”) today announced the completion of its all-cash tender offer (the “Tender Offer”) to acquire class A limited voting shares (“Class A Shares”) in the capital of Information Services Corporation (TSX: ISC) (“ISC” or the “Company”) at a price of $30 per Class A Share.

    In connection with the completion of the Tender Offer, Plantro will take up and pay for Class A Shares that have been validly tendered and not withdrawn within three business days. Following the take up and payment for such Class A Shares, Plantro will own a total of 580,863 Class A Shares, representing approximately 3.13% of the Company’s issued and outstanding Class A Shares.

    Payment for the purchased Class A Shares will be effected by Odyssey Trust Company, the depositary for the Tender Offer, in accordance with the Tender Offer and applicable law. Shareholders of ISC who have validly deposited and not withdrawn their Class A Shares are not required to take any further action to accept the Tender Offer.

    Plantro is pleased to have provided participating ISC shareholders an opportunity to receive liquidity and certainty of value for their Class A Shares. Plantro intends to remain an engaged shareholder, hold the ISC board of directors to account, and to continue to take actions to unlock value for the benefit of all shareholders.

    About Plantro
    Plantro is a privately held company, with an established track record of making successful investments in undervalued and high quality legal, financial, and information services businesses.

    Shareholder Questions
    Shareholders of ISC who have questions with respect to the completed Tender Offer, please contact the depositary or the information agent for the Tender Offer at the contact details below:

    Depositary: Odyssey Trust Company
    Toll Free (US & Canada): 1-888-290-1175
    Calls (All Regions): 587-885-0960
    Email: corp.actions@odysseytrust.com

    Information Agent: Carson Proxy
    North America Toll Free: 1-800-530-5189
    Local and Text: 416-751-2066
    Email: info@carsonproxy.com

    Cautionary Statement Regarding Forward-Looking Information

    This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Plantro’s current expectations regarding future events. Specifically, certain statements contained in this press release, including without limitation statements regarding the Tender Offer, and taking up and paying for Class A Shares deposited under the Tender Offer, contain “forward-looking information” and are prospective in nature. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

    Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent Plantro’s current beliefs, expectations, estimates and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Plantro’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Plantro does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

    Media Contact: Gagnier Communications
    Riyaz Lalani / Dan Gagnier
    Email: Plantro@gagnierfc.com

    The MIL Network

  • MIL-OSI USA: ICYMI: Trump Administration Adds Two DOE Lithium Processing Projects to Federal Permitting Dashboard

    Source: US Department of Energy

    ICYMI— The Federal Permitting Improvement Steering Council (Permitting Council) announced increased transparency and accountability for the federal permitting of two Department of Energy (DOE) lithium processing projects, advancing President Trump’s commitment to bolster domestic production of minerals and support American jobs.

    The projects — Kings Mountain and Liberty Owl — increase lithium processing in the United States. Currently, the Peoples Republic of China (PRC) controls 70% of the market, with lithium as a key component in many energy storage and defense applications. Once completed, these projects will help to develop more secure domestic supply chains, strengthening our national security and our economic security.

    The Kings Mountain, NC Project is owned by Albemarle Corporation, a leading provider in lithium that has established extensive capabilities in chemical manufacturing. The Kings Mountain Lithium Material Processing Plant is receiving a $150 million federal award through DOE’s Office of Manufacturing and Energy Supply Chains (MESC). This project supports the construction of a new, commercial scale processing facility that will have the capacity to produce 350,000 tons per year of lithium oxide concentrate.

    The Liberty Owl Project in the Texarkana region is owned by TerraVolta, a US-based critical minerals and resources company. This project is receiving a $225 million award through MESC for the construction of a commercial scale lithium extraction and refining facility to produce battery grade lithium from domestic brine resources from the Smackover region.

    These additions to the Federal Permitting Dashboard reflect the Trump Administration’s commitment to strengthen domestic supply chains for critical minerals and materials, reduce dependence on foreign sources and advance President Trump’s bold agenda for American energy dominance through a more secure, affordable and reliable U.S. energy system.

    The Department looks forward to working with federal partners, project sponsors, and developers to ensure these projects move forward with increased transparency, clear project timelines, expedited reviews, and the support needed to strengthen domestic supply chains, drive economic growth and deliver on President Trump’s commitment to unleashing American energy and economic security.

    MIL OSI USA News