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Category: Business

  • MIL-OSI: Calian Acquires Advanced Medical Solutions to Expand and Improve Healthcare in Canada’s North

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, May 14, 2025 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY), a trusted provider of mission-critical solutions for defence, space and healthcare announced today it has acquired Advanced Medical Solutions (AMS), a leading provider of remote and emergency healthcare services in Northern Canada. The acquisition is effective immediately.

    About AMS

    Headquartered in Yellowknife, Northwest Territories (NWT), AMS is a Canadian-owned company that specializes in the delivery of 24/7/365 operational and medical support across Canada’s northern regions, including the NWT, Yukon, Nunavut and parts of Canada’s northern provinces. Founded in 1995, the company employs over 300 frontline medical personnel who deliver well-rounded, full-spectrum healthcare services through six distinct divisions and in partnership with over fifteen indigenous populations. In addition, AMS is the exclusive provider of air ambulance, emergency medical evacuation and repatriation flights throughout the NWT for patients and high-risk industrial worksites conducting over 2,000 air and ground missions annually.

    “AMS is a deeply rooted, well-respected and critical provider of healthcare in Canada’s northern communities, with a dedicated team and strong relationships in the communities they serve,” said Kevin Ford, CEO of Calian. “By bringing together two complementary healthcare companies, we will combine our expertise, reach, innovation and passion for delivering high-quality healthcare. Together, we are stronger and better positioned to address Canada’s northern healthcare access challenges while aligning with our country’s strategy and upcoming federal investments in the Arctic region.”

    The Partnership and Strengthening Northern Healthcare

    As the pioneer of northern industrial medicine, AMS brings a strong foundation of industrial customers across mining, energy and emergency services. The acquisition enhances Calian’s ability to deliver integrated healthcare solutions across a broader geography, increase its service offerings and diversify Calian’s customer base. AMS also brings long-standing partnerships with Indigenous communities—an area where Calian remains committed to building deeper engagement, trust and culturally respectful care.

    “This partnership will support the expansion and continuity of care in some of Canada’s most resilient and underserved communities,” said Derek Clark, President, Health, Calian. “We recognize that Canada’s North faces unique challenges, and with this acquisition, we can combine AMS’s paramedical and industrial expertise with Calian’s extensive capabilities in health service delivery and digital health, enabling improved operational performance and a full continuum of care – from first response to ongoing care management.”

    Like Calian, AMS has been built on strong values, community and prioritizing a workplace that fosters growth, development and impact to make a difference in the communities it serves.

    “We are excited to join a Canadian company that shares our commitment to excellence, people and community,” said Sean Ivens, President and CEO, AMS. “Through this transition we will continue to deliver the high-quality care our partners and communities expect, while gaining additional resources and capabilities to innovate and grow for the future of northern healthcare.”

    Next Steps in the Integration

    AMS will operate as Advanced Medical Solutions, a Calian Company, during an initial transition period. The legal entity will transition to Calian Advanced Medical Solutions Ltd. within twelve months. Calian is committed to ensuring continuity of services and strengthening existing community partnerships and supporting AMS employees through a thoughtful integration process.

    “We are committed to working closely with Indigenous partners and communities, healthcare agencies and Northern governments to ensure a respectful transition that benefits all,” added Clark. “This is a long-term investment in the people, services and health system of Canada’s North.”

    The acquisition aligns with Calian’s broader strategic growth priorities and the direction of the Canadian government. In 2022, the government announced a commitment of over $38 billion to modernize NORAD and in 2024 built on this commitment with their plan, Our North, Strong and Free: A Renewed Vision for Canada’s Defence. Calian’s strengthened presence in the North positions the company to support national priorities while expanding opportunities across multiple sectors including space and defence.

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:

    media@calian.com

    613-599-8600

    Investor Relations inquiries:

    ir@calian.com

    DISCLAIMER

    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI Economics: Quinvexcaptial.com: BaFin warns consumers about Quinvex Capital

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The financial supervisory authority BaFin warns offers from Quinvex Capital. According to Their findings, the company, which also operates under the name Quinvex Capital GmbH, offers share recommendations and so-called day trading via various WhatsApp groups using alleged institutional accounts in an app. The unknown operators maintain another website at www.quinvexcapital.net. Contrary to its own claims, Quinvex Capital is not supervised by BaFin. According to the current status of the investigation, there is also no connection with Quinvex Capital, Denver, Colorado, USA.

    Anyone providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation.

    The information provided by BaFin is based on section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin urges caution against stock recommendations in WhatsApp groups.

    In the ‘Recognising financial fraud’ section, you will find the latest warnings from BaFin about unauthorised companies and find out how you can protect yourself from further scams on the financial market.

    MIL OSI Economics –

  • MIL-OSI USA: Trahan Brings Haverhill Voice to the Fight for Medicaid during Energy and Commerce Reconciliation Markup

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    WASHINGTON, DC – During today’s House Energy and Commerce Committee markup on reconciliation legislation, Congresswoman Lori Trahan (MA-03) forcefully opposed proposed House Republicans’ Medicaid cuts by highlighting the devastating impact they would have on people with disabilities. She shared the story of Philip, a Haverhill resident whose independence and daily care depend on Medicaid-funded programs.
    “Philip and millions of Americans across our country like him are not fat to be trimmed or waste to be rooted out by politicians in Washington. They’re hardworking Americans trying to live their lives with dignity and make their communities better,” said Congresswoman Trahan. “They’re our constituents. They need you to vote no on this bill. They need you to stand up to Donald Trump and protect Medicaid. Protect the independence of Americans with disabilities. And if you can’t do that – at least have the courage to look at the American people, people like Philip, in the eyes while you take it all away.”
    CLICK HERE or the image below to view Trahan’s remarks during the Committee’s consideration of reconciliation legislation. A transcript is embedded below.

    “For individuals like my son Philip, Medicaid is a lifeline. If funding is cut, it will devastate his life and the lives of many others who depend on these essential services. Medicaid funds the programs that allow Philip to engage in meaningful activities, such as volunteering with Meals on Wheels, helping to train service dogs, or caring for guinea pigs at the Guinea Pig Sanctuary. These programs give him the chance to contribute to society in ways that are vital for his sense of purpose and independence. Without Medicaid, these programs could disappear, and Philip would lose the opportunity to continue making a difference,” said Philip’s mother, Anne. “If Medicaid cuts happen, it won’t just impact Philip. Organizations like The Arc, which offer vital extracurricular activities such as dances, bowling, and other community events, would face significant cuts. These programs are essential for people with disabilities, providing opportunities for social interaction, independence, and personal growth – opportunities they could lose if Medicaid funding is reduced. I urge you not to dismiss this as a non-issue, because no one can guarantee that the disability community will be unaffected by Medicaid cuts. The reality is that these cuts will harm people with disabilities – including my son.”
    The House Energy and Commerce Committee is currently marking up House Republicans’ reconciliation package that, according to the Congressional Budget Office, would cut $715 billion from Medicaid and eliminate health coverage for at least 13.7 million Americans. The bill would also implement burdensome paperwork requirements that jeopardize Medicaid coverage for 954,000 Massachusetts residents, nearly half of all MassHealth enrollees in the Commonwealth, and impact another 392,790 individuals who receive coverage thanks to the expansion of the Affordable Care Act.
    ——————————————–
    Congresswoman Lori Trahan
    Remarks As Delivered
    House Energy and Commerce Committee Reconciliation Markup
    May 13, 2025
    It may be easy to sit here in Washington without having to face the people who will feel the impact of a bill that will strip millions of Americans of their health coverage – easy because you don’t have to look them in the eyes or hear their stories.
    Let’s open the doors and allow the American people who have stood in line fill the open seats, first and foremost. In the meantime, let me share just one story from my district. 
    This is a photo of Philip, a resident of Haverhill, Massachusetts. Philip has a disability, but that hasn’t stopped him from giving back – whether volunteering with Meals on Wheels, training service dogs, or caring for animals at a sanctuary. He does all this because of Medicaid. 
    Medicaid funds the programs that help Philip gain skills, stay engaged, and remain independent. Medicaid isn’t just a health care program – it’s a foundation for independence for people with disabilities like Philip, who want to live their lives with dignity.
    In Philip’s case, Medicaid funds Opportunity Works and Community Works, a program that helps folks build job skills, engage in volunteer work, and participate meaningfully in society. These initiatives don’t just keep Philip busy – they give him purpose. They help him grow, contribute to, and connect with his community.
    But here’s why I’m telling Philip’s story. This bill – this “big, beautiful bill” as Donald Trump has described it – will slash the federal Medicaid funding that Philip’s program depends on.
    And I know my Republican colleagues will say that states should make up for it – but they know that’s not possible. They know that when funds are cut, it’s initiatives like these that are always first on the chopping block.
    So what then happens to Philip? He loses a lot more than a routine. He loses access to his community, his sense of contribution, his independence.
    Mr. Chairman, Philip and millions of Americans across our country like him are not fat to be trimmed or waste to be rooted out by disingenuous politicians in Washington. They’re hardworking Americans trying to live their lives with dignity and make their communities better. They’re our constituents. They need you to vote no on this bill. They need you to protect Medicaid.
    Protect the independence of Americans with disabilities. And if you can’t do that – at least have the courage to look at the American people, people like Philip, in the eyes while you take it all away.
    I yield back.
    ###

    MIL OSI USA News –

  • MIL-OSI USA: Trahan Demands Release of Federal Funds for LowelFolk Festival & Merrimack Repertory Theatre

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    LOWELL, MA – Today, Congresswoman Lori Trahan (MA-03) requested the immediate reversal of the National Endowment for the Arts’ (NEA) decision to revoke federal grant funding for the Lowell Festival Foundation, which organizes the Lowell Folk Festival, and the Merrimack Repertory Theatre (MRT).
    “Together, the Lowell Folk Festival and MRT represent the heart of the arts in the Third District. They showcase local musicians, actors, and artists while providing residents with meaningful opportunities to engage with culture and creativity. Their loss would be a profound setback for our community,” said Congresswoman Trahan.
    Last week, the NEA notified local arts and culture organizations across the nation that their federal grants had been withdrawn. The Lowell Folk Foundation and MRT were both impacted, losing $20,000 in federal grant funding each. In her letter sent to Mary Anne Carter, who currently serves as Senior Advisor and was recently nominated by President Donald Trump to fill the vacant Chair position, Trahan pointed to the importance of both the festival and the theatre to local residents, the art community, and the region’s economy.
    “The Lowell Folk Festival, organized by the Lowell Festival Foundation, is the longest-running and second largest free folk festival in the nation. For more than 40 years, with the exception of a pause during the COVID- 19 pandemic, it has been a cornerstone of the region’s cultural and economic vitality. Drawing over 150,000 attendees annually from across the country, the festival generates approximately $7 million in local economic activity each year, boosting patronage at restaurants, hotels, and institutions such as the Lowell National Historical Park,” Congresswoman Trahan wrote in the letter.
    “The Merrimack Repertory Theatre (MRT) is equally essential to the cultural fabric of the Merrimack Valley. Over the past four decades, MRT has served more than two million residents, producing seven plays annually – many of them original or world premieres. Beyond its artistic achievements, MRT is a champion for arts education, providing thousands of young people with access to theater, whether through discounted matinees or immersive youth productions with professional-level staging,” Congresswoman Trahan continued.
    Trahan has long been a supporter of both the festival and MRT. During the COVID-19 pandemic, she secured $416,949 for the Lowell Festival Foundation and $544,686 for MRT to ensure they were able to resume operations. The funding came from the Shuttered Venue Operators Grant (SVOG) program, which was created when Trahan voted to pass the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and supplemented later by the American Rescue Plan Act.
    A copy of the letter sent today can be accessed HERE.
    ###

    MIL OSI USA News –

  • MIL-OSI Russia: Uzbekistan to host first meeting of Termez Dialogue on connectivity between Central and South Asia

    Translation. Region: Russian Federal

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

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

    Tashkent, May 14 (Xinhua) — The first meeting of the Termez Dialogue on Central and South Asian Interconnection on the theme “Building a Common Space of Peace, Friendship and Prosperity” will be held in Termez, Uzbekistan, on May 19-21, the Narodnoye Slovo newspaper reported on its website on Wednesday.

    The organizers are reportedly the Institute for Strategic and Interregional Studies under the President of the Republic of Uzbekistan, the Ministry of Foreign Affairs of the Republic of Uzbekistan and the Chamber of Commerce and Industry of the Republic of Uzbekistan.

    “The main goal of the dialogue is to form a multilateral discussion platform for the practical promotion of the special resolution of the UN General Assembly “Strengthening the Connectivity between Central and South Asia”, adopted in 2022 on the initiative of the President of the Republic Shavkat Mirziyoyev,” the statement said.

    The forum participants will reportedly discuss the current state and prospects of interregional cooperation between Central and South Asia. –0–

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: DH continues to follow up on suspected closure of private healthcare facilities

    Source: Hong Kong Government special administrative region

    DH continues to follow up on suspected closure of private healthcare facilities 
    As announced on May 2, the Government set up an inter-departmental dedicated team to follow up on the incident. The team comprises representatives from the Security Bureau, the Commerce and Economic Development Bureau, the Hong Kong Customs and Excise Department, the Hong Kong Police Force, the DH and the Consumer Council.
     
    The DH has set up a telephone hotline, email and a WhatsApp account since May 3 for public enquiries on related issues. As at 5pm today, a total of 149 enquiries were received. Most of the enquiries were related to vaccines for children or other age groups. One enquiry about laboratory services has been received.

    Laboratory reports
    ——————— 
    For the sake of prudence, the DH is also reaching out to local registered professionals operating medical laboratories and radiological imaging services, inviting them to contact the DH for assistance if they are unable to deliver any laboratory reports to referring doctors from the private healthcare facilities in question.
     
    Anyone who has received laboratory or diagnostic radiological imaging services through the private healthcare facilities in question and has not yet been able to obtain the report from their doctor may call the DH hotline (2125 1188), which operates from 9am to 5pm daily, or send an email to dhhelpdesk_2501@dh.gov.hk 
    Childhood immunisation
    —————————
    Public enquiries
    —————— 
    The DH has compiled a series of Frequently Asked Questions from recently received enquiries and uploaded them to the DH’s     website 
    The DH will continue to join hands with other members of the inter-departmental dedicated team to follow up on the incident and take appropriate actions, with a view to handling all cases as soon as possible and provide assistance to those affected by the incident.
    Issued at HKT 18:25

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ14: Treatment and prevention of breast cancer

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Nixie Lam and a written reply by the Secretary for Health, Professor Lo Chung-mau, in the Legislative Council today (May 14):

    Question:

    According to government information, breast cancer is the most common cancer among females in Hong Kong, and new cases of breast cancer accounted for 28.6 per cent of all new cancer cases among females in 2022. Among them, HER2 (i.e. human epidermal growth factor receptor 2) low-expression metastatic breast cancer (HER2-low breast cancer) poses a great threat to the lives of patients as it is highly malignant and prone to relapse and metastasis. It is learnt that with advancement in medical technology, the classification of testing results of HER2 has been updated from two (i.e. “positive” and ‘negative’) to three categories (i.e. with the addition of “low-expression”) in the medical guidelines of various places so as to provide precision treatment for patients with HER2 breast cancer. However, there are views pointing out that the existing HER2 testing reports of the Hospital Authority (HA) have not indicated the category of low-expression, nor has HA provided the relevant education to patients, rendering them unable to know their actual condition in a timely manner and thereby missing the golden period of early treatment. In this connection, will the Government inform this Council:

    (1) whether it knows if HA will expeditiously review the classification of the existing HER2 testing reports to clearly indicate the testing result of low expression of HER2, while at the same time providing the relevant patient education, so as to ensure that they fully understand the clinical findings, thereby expeditiously receiving the appropriate treatment protocol; if HA will, of the timetable; if not, the reasons for that;

    (2) whether it knows if HA will consider including drugs targeting HER2-low breast cancer into the safety net for application by patients suffering from that cancer and streamlining the vetting and approval process, so as to enhance the efficiency of vetting and approval of safety net drugs; if HA will, of the timetable; if not, the reasons for that; and

    (3) whether the Government has currently formulated public education programmes for different groups of people to raise their awareness of breast cancer screening, including whether it has provided systematic online information and promoted on social media platforms; if so, of the details; if not, the reasons for that?

    Reply:

    President,

    The Government attaches great importance to cancer prevention and control work. In 2001, the Government established the Cancer Coordinating Committee to formulate strategies on cancer prevention and control, and to steer the direction of work covering cancer prevention and screening, surveillance, research and treatment, etc.

    The Government promulgated the Hong Kong Cancer Strategy (Cancer Strategy) in 2019 with a view to reducing the cancer burden of the local population and improving the quality of life and survivorship of cancer patients through setting work priorities and directions. The directions laid down in the Cancer Strategy include reducing risk factors leading to cancer and providing evidence-based screening, seeking early detection and diagnosis, offering timely and effective treatment, strengthening survivorship support to cancer survivors, providing palliative and end-of-life care, investing in technology, enhancing the collaboration among relevant bureaux, government departments, the Hospital Authority (HA), community organisations and civil society, as well as enhancing surveillance and research capabilities. The goal is to better prevent and control various cancers through these directions.

    As for breast cancer screening, based on the recommendations of the Cancer Expert Working Group on Cancer Prevention and Screening under the Cancer Coordinating Committee, the Government adopts a risk-based approach for breast cancer screening and launched the Phase I of the Breast Cancer Screening Pilot Programme (BCSPP) in 2021. In collaboration with non-governmental organisations through a public-private partnership, the Government is now preparing for the Phase II of the BCSPP to provide subsidised breast cancer screening services to women being categorised as high risk of developing breast cancer (viz. carriers of certain germline mutations and/or presence of strong family history of breast cancer/ovarian cancer). The Phase II programme is expected to be launched around the second quarter of 2025. Relevant details will be announced in due course. 

    The reply, in consultation with the Department of Health (DH), the Primary Healthcare Commission (PHC Commission) and the HA, to the question raised by the Hon Nixie Lam is as follows:

    (1) According to the data from the Hong Kong Cancer Registry, there were a total of 5 182 new cases of female breast cancer in 2022, of which 1 002 were Human Epidermal Growth Factor Receptor 2 (HER2) positive cases.

    At present, the HER2 test performed by the HA consists of immunochemistry (IHC) and genetic testing (in situ hybridisation (ISH)). IHC testing results are scored as follows:

    (i) 0 (no staining, or ≤10 per cent of tumor cells show faint or weak membrane staining);
    (ii) 1+ (>10 per cent of tumor cells show faint/barely visible incomplete membrane staining);
    (iii) 2+ (>10 per cent of tumor cells show weak to moderate complete membrane staining (circumferential staining), or ≤10 per cent of tumor cells show strong complete membrane staining); or
    (iv) 3+ (>10 per cent of tumor cells show strong complete membrane staining).

    HER2 immunostaining scores of 0 and 1+ are interpreted as negative for HER2 testing, a score of 2+ as inconclusive, and a score of 3+ as positive. If the HER2 test result is inconclusive (i.e. the immunostaining score is 2+), the hospital will further perform HER2 gene in situ hybridisation testing for the patient to confirm whether there is an amplification of the HER2 gene. If the relevant test shows amplification, the patient’s HER2 test result will be classified as positive; whereas if there is no amplification, it will be classified as negative.

         “HER2 low-expression” mentioned in the question refers to patients with a HER2 immunostaining score of IHC 1+ or a score of IHC 2+ with no amplification shown in in situ hybridisation testing. The HER2 Interpretation Guidelines (a set of international guidelines) were updated in September 2023. Although the new guidelines do not officially classify “HER2 low-expression” as a separate category, it is recommended that an annotation describing the result of “HER2 low-expression” (i.e. IHC 1+ or IHC 2+/ISH with no amplification) be included in the test report to enable physicians to better identify patients who may be suitable for a specific targeted therapy. The “multidisciplinary teams” for breast cancer at the oncology centres of the HA, consisting of oncologists, pathologists, radiologists, advanced practice nurses, etc, are discussing the implementation arrangements for the updated guidelines and will reach a consensus as soon as possible to implement the major updates under the Interpretation Guidelines in a gradual manner, while planning to add annotations to the test reports to explain the results of “HER2 low-expression”. Currently, clinicians will determine, based on the test reports, whether patients are IHC 1+ or IHC 2+ with no ISH gene amplification, thereby providing patients with optimal follow-up.

    (2) As the major provider of publicly-funded public healthcare services, the HA attaches great importance to providing optimal treatment for all patients (including cancer patients) while ensuring patients have equitable access to cost-effective drugs of proven safety and efficacy under the highly subsidised public healthcare system.

    The HA has a mechanism in place to regularly evaluate new drugs as well as to review existing drugs on the HA Drug Formulary (HADF) and the coverage of the safety net (including the Samaritan Fund and Community Care Fund Medical Assistance Programmes). In assessing applications for new drugs to be included in the HADF and the coverage of the safety net, the HA follows an evidence-based approach, having regard to the safety, efficacy and cost-effectiveness, etc, of the drugs and other relevant considerations, including international recommendations and practices as well as views of professionals and patient groups, etc.

    The HA will pay close attention to the latest scientific and clinical evidence of drugs suitable for treatment of various types of cancer (including “HER2 low -expression” breast cancer), with a view to providing cost-effective drugs of proven safety and efficacy as well as continuous optimal care to patients.

    To shorten the lead time for introducing suitable new drugs to the HADF, the HA has simplified the application process for inclusion of new drugs in the HADF since the end of 2024. Clinicians and pharmaceutical companies can submit new drug applications directly to the Drug Advisory Committee. The frequency of prioritisation exercise for including new drugs in the safety net will also increase from twice a year to four times a year. With the implementation of the above new mechanisms, the HA has been actively optimising the procedures for introducing new drugs into the HADF, with the objective of reducing the time required for introducing new drugs with proven efficacy into the HADF or the coverage of the safety net by half, from the original 10 months to five months; and from 18 months to nine months respectively, so as to enable patients to have access to new drugs as soon as possible, and to obtain the subsidies under the safety net to alleviate the burden of drug expenses.

    Besides, the Government and the HA will press ahead with the implementation of the fees and charges reform for public healthcare announced at the end of March this year, which aims to guide the public to make optimal use of healthcare resources through three aspects, namely reforming the subsidisation structure, reducing wastage and abuse, and enhancing healthcare protection. It also seeks to strengthen the healthcare protection on all fronts for patients who are “poor, acute, serious, critical”. Such measures include enhancing the protection in terms of drugs and medical devices for critically ill patients (including cancer patients) through accelerating the introduction of more effective innovative drugs and medical devices to the HADF and the coverage of the safety net, with a view to ensuring that the limited healthcare resources can be directed in a more targeted manner to assist those patients most in need. This will thereby enhance the sustainability of the healthcare system and enable it to serve as a safety net for all.

    (3) The DH has all along been promoting a healthy lifestyle, including avoidance of smoking and alcohol, healthy diet, regular physical activity and maintenance of a healthy body weight, as the primary strategy for preventing cancer and common non-communicable diseases.

    The DH has all along attached importance to the public education of women’s cancer (including breast cancer) and has been promoting breast cancer prevention and screening through various channels and media such as television, radio, websites, printed materials, newspapers, social media, online publicity and media interviews. Educational leaflets have been produced in many ethnic minority languages by the DH for ethnic minorities to comprehend the health information on breast cancer prevention and screening. In addition, the Cancer Online Resource Hub was launched in 2020 to provide the public with accurate and reliable health information relating to cancer.

    Meanwhile, the District Health Centres (DHCs)/District Health Centre Expresses (DHCEs) under the PHC Commission in all districts across the city are actively assisting members of the public in formulating individualised Life Course Preventive Care Plan based on factors such as one’s gender, age and family history. Life Course Preventive Care Plan is an evidence-based comprehensive health strategy that emphasises on prevention and personalised needs and provides guidance on the health needs of citizens across different stages of life. DHCs/DHCEs may also provide members of the public with information related to breast cancer prevention and other women health education services according to their needs. 

    Starting from January 24, 2025, women’s health services under the DH have been progressively integrated into the district health network of the PHC Commission, with the service points named Women Wellness Satellites (WWS). DHCs/DHCEs will identify women in need through basic health assessment and individual counselling, and arrange for them to receive women’s health services at WWSs. WWSs will offer health assessment and counselling tailored to women’s health conditions, breast cancer and cervical cancer screenings according to individual needs, as well as health education activities including talks on breast cancer prevention.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Re-domiciliation regime introduced

    Source: Hong Kong Information Services

    The Government welcomed the passage of the Companies (Amendment) (No.2) Bill 2024 by the Legislative Council today to introduce a company re-domiciliation regime in Hong Kong.

     

    The amendment ordinance will take effect on May 23, and the company re-domiciliation regime will be open for application starting from the same day.

     

    Non-Hong Kong-incorporated companies that fulfil the requirements on company background, integrity, member and creditor protection, solvency and so on may apply to re-domicile to Hong Kong while maintaining their legal identity as a body corporate and ensuring business continuity.

     

    The property, rights, obligations and liabilities as well as the relevant contractual and legal processes of the companies would not be affected during the process. If the company’s actual similar profits are also taxed in Hong Kong after re-domiciliation, the Government will offer unilateral tax credits for elimination of double taxation.

     

    In general, re-domiciled companies will be regarded as companies incorporated in Hong Kong. They have the same rights as any Hong Kong-incorporated companies of their kind in the city, and will be required to comply with the relevant requirements under the Companies Ordinance.

     

    Secretary for Financial Services & the Treasury Christopher Hui said that the amendment ordinance puts in place a simple and accessible mechanism for company re-domiciliation.

     

    “It addresses the demand of companies incorporated elsewhere with major business in Hong Kong for re-domiciliation, and is conducive to our efforts in proactively attracting enterprises and investment, thereby generating business for local professional services sectors as well as increasing investment and job opportunities.”

     

    On May 23, the Companies Registry will set up a new thematic section on its website to provide the application details and relevant information. The Integrated Companies Registry Information System will also be enhanced to process applications.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Yuri Trutnev: The future of not only Russia, but the entire world depends on the development of the Arctic

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    On the eve of the government hour, Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev and Minister for the Development of the Far East and Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation.” Representatives of legislative and executive authorities of the Arctic regions took part in the event via videoconference.

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    May 14, 2025

    Previous news Next news

    Yuri Trutnev and Minister for the Development of the Far East and the Arctic Alexey Chekunkov took part in a joint meeting of the State Duma committees on the topic “On current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation”

    “For us, contact and communication with parliamentarians are of great importance. Many of the deputies work in the territories, communicate with people, solve issues of enterprise development and solve people’s problems that arise every day. We value both our joint legislative work and work with people in the territories. We are always ready for contact, discussion, and search for new solutions,” Yuri Trutnev opened the meeting.

    Five years ago, the head of state approved strategic documents for the development of the Arctic zone of Russia: the Fundamentals of the State Policy of the Russian Federation in the Arctic and the Strategy for the Development of the Arctic Zone and Ensuring National Security until 2035. Over the past period, with the participation of State Duma deputies, a regulatory framework for the development of the Arctic has been created: 16 federal laws, 7 decrees of the President and 75 acts of the Government.

    “The Arctic zone of the Russian Federation, as well as the Far Eastern Federal District, by decision of the President of the Russian Federation Vladimir Vladimirovich Putin, are defined as geostrategic territories, on the development of which depends the future of not only Russia, but also the entire world. The richest reserves of minerals, which make up a significant share of the all-Russian, and in some respects of the world, the Northern Sea Route, the military-strategic potential determine the importance of the region for the economy and defense capability of the country, and form an increased interest in the Arctic of the international community,” said Yuri Trutnev.

    Complex production projects are being implemented in the Arctic zone, high-tech enterprises and liquefied natural gas plants are being built, modern research stations and floating nuclear power plants are being created, and new nuclear icebreakers are being laid down at shipyards. “All of this is the result of the great work of people living in the Arctic. Those who live in Murmansk and Arkhangelsk, Norilsk and Naryan-Mar, Anadyr and Salekhard,” emphasized Yuri Trutnev.

    “The Arctic is a geostrategic territory of global scale. It is one of the key economic engines of Russia’s development. Today, the Arctic already produces 7.5% of the gross domestic product and 11% of Russia’s exports. The world’s largest zone with special conditions for doing business has been created. Our central task is to ensure such conditions for the life and work of people in the Arctic so that all plans for the development of the macroregion come true. Plans in which leading Russian companies are currently investing more than 35 trillion rubles. As the projects that have already begun are implemented, the importance of the Arctic in the economy, logistics and ensuring Russia’s national security will only increase,” noted Alexey Chekunkov, Minister for the Development of the Far East and the Arctic.

    “Russia is the leading Arctic power. Our country has a historical right to this title and, despite everything, consistently increases its presence in this region. This is our direct duty to our ancestors and descendants. After all, the basis of the historical conquest and development of the Russian Arctic was the heroic and selfless work of our compatriots. These are the expeditions of Toll, Sedov, Papanin, Schmidt, our respected, legendary polar explorer Artur Nikolaevich Chilingarov and others. All those whose work created the basis for the growth of our geostrategic advantage and economic potential. And today the determining geopolitical, economic, transport, environmental role of Russia in the Arctic should be recognized by the entire world community,” noted Nikolai Kharitonov, Chairman of the State Duma Committee for the Development of the Far East and the Arctic.

    An important part of the development of the Arctic economy has become the work to attract investment. The world’s largest special economic zone has been created. Attention is paid to the social sphere. Thanks to national projects and a single presidential subsidy, social infrastructure is being modernized in the Arctic: hospitals, clinics, schools, kindergartens, and gyms are being built. Decisions have been made to create new university campuses in Murmansk and Arkhangelsk. Developers are receiving support. Northerners can improve their housing conditions thanks to preferential Arctic mortgages. By decision of Russian President Vladimir Putin, master plans have been developed for 16 key Arctic settlements.

    International cooperation and development of the Northern Sea Route were discussed. Environmental issues were considered, including the elimination of landfills, abandoned industrial buildings, and accumulated hazardous waste. Attention was paid to the implementation of a program to support traditional economic activities of the indigenous peoples of the North.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Citizens in 2024 became more interested in credit histories

    Translation. Region: Russian Federal

    Source: Central Bank of Russia –

    The number of credit reports received by citizens in 2024 increased by 38%, and information about individual credit ratings increased by 22%.

    During this time, users of credit histories (banks, microfinance organizations and other organizations) were provided with 29% more reports than a year earlier.

    Demand for BKI services from MFIs is growing against the backdrop of an increase in the share of online loans in issuances. Over the year, services for providing them with a credit assessment (scoring) have grown by 40%.

    Information from a credit report allows lenders to reduce the volume of overdue debt in their portfolio – to issue funds to more solvent borrowers. According to the calculations of the Bank of Russia, every ruble spent on a credit report can reduce overdue debt by more than 200 rubles.

    For more detailed information, please see“Analytical review of the credit information system based on the results of 2024”.

    Preview photo: Irina Boldina / Shutterstock / Fotodom

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv. KBR.ru/Press/Event/? ID = 24598

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 14.05.2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

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    Date of the deposit auction 05/14/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 122,000,000.00
    Placement period, days 9
    Date of deposit 05/14/2025
    Refund date 05/23/2025
    Minimum placement interest rate, % per annum 20.25
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 122,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 10:30 to 10:40
    Applications in competition mode from 10:40 to 10:45
    Setting a cut-off percentage or declaring the auction invalid until 10:55
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, payment of interest at the end of the term, without replenishment

    MIL OSI Russia News –

  • MIL-OSI Russia: Financial news: Questions and answers about transfer limits for citizens, information about which is contained in the Bank of Russia database

    Translation. Region: Russian Federal

    Source: Central Bank of Russia (2) –

    Updated: 24.01.2025

    If you have not entered into a credit agreement (loan agreement) and have not provided personal data for its execution, you must:

    1) inform the bank or microfinance organization that you did not enter into an agreement and did not receive money, and also request the agreement and other documents to it from the financial organization. In addition, you have the right to directly contact the credit bureau where your credit history is stored with a statement disputing information about a credit agreement (loan agreement) that you did not enter into. In this case, the correction (cancellation) of the entry in the credit history will be possible only if the creditor is ready to confirm the inaccuracy of the disputed data after conducting an internal audit;

    2) contact law enforcement agencies with a statement about the crime committed, attaching a copy of the statement to the bank or microfinance organization and reporting all the circumstances of the situation;

    3) If after contacting a bank or microfinance organization the problem with the fraudulent loan has not been resolved, you can file a claim with the court to recognize the credit agreement (loan agreement) as invalid or not concluded and to make changes to the credit history.

    You can also consult withCenter for legal assistance to citizens in the digital environment, which provides free legal assistance in restoring violated rights in connection with the illegal processing of personal data. This can be done by phone or email, through the form on the website, or by making an appointment for a personal meeting.

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

    MIL OSI Russia News –

  • BEL’s Akashteer air defence system proves its mettle amid conflict

    Source: Government of India

    Source: Government of India (4)

    India’s AI-driven, fully automated ‘Akashteer’ air defence system, developed indigenously by Bharat Electronics Limited (BEL), has demonstrated exceptional performance during recent drone attacks from Pakistan, effectively neutralising aerial threats the moment they breached Indian airspace, the company said in a statement on Wednesday.
     
    According to BEL, the advanced platform successfully intercepted multiple threats, including drones, missiles, micro UAVs, and loitering munitions, establishing itself as a globally competitive and operationally ready defence asset.
     
    In an official statement on Wednesday, BEL lauded the system’s performance, noting that it had exceeded operational expectations and significantly bolstered India’s air defence capabilities during the ongoing conflict.
     
    “BEL is proud to announce that our in-house designed and manufactured air defence system, Akashteer, has proved its mettle on the battlefield. Ground-based defence systems integrated with Akashteer made it hell for Pakistan’s air adventures,” the Navratna Defence PSU said in a post on X.
     
    “The system performed beyond users’ expectations, providing robust air defence to India during the current conflict. Akashteer ensures a seamless and unified air situational picture accessible to even the lowest operational units of Army Air Defence, thereby enhancing situational awareness across the force,” it added.
     
    The Akashteer system was developed under a ₹1,982 crore contract signed in March 2023. It integrates surveillance assets, radar systems, and command units into a unified network, providing real-time situational awareness to the Indian Army’s air defence units.
     
    The system enables effective monitoring of low-level airspace over battle zones and ensures precise control over ground-based air defence weapon systems.
     
    Akashteer played a critical role during the recent conflict that followed India’s ‘Operation Sindoor’ on May 7, which targeted nine terror camps in Pakistan and Pakistan-occupied Kashmir (PoK). The system successfully neutralised multiple drone and missile attacks launched by Pakistan.
     
    “Akashteer empowers frontline units by enabling dynamic engagement decisions and preventing friendly-fire incidents,” BEL added.
     
    The system also exemplifies India’s growing self-reliance in defence technology, aligning with the government’s ‘Atmanirbhar Bharat’ initiative.
     
    – ANI

  • MIL-OSI Banking: Joint Summary of the Working Visit by H

    Source: ASEAN

    At the invitation of the Government of New Zealand, the Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, paid a working visit to Wellington and Auckland, from 11 to 14 May 2025.
     
    During the visit, the Secretary-General engaged with a broad range of New Zealand Government representatives across the four themes of the ASEAN–New Zealand relationship, namely Peace, Prosperity, People and Planet, including the Right Honourable Prime Minister Christopher Luxon, the Right Honourable Deputy Prime Minister and Minister of Foreign Affairs Winston Peters, the Hon Minister of Defence Judith Collins KC, the Hon Erica Stanford Minister of Education, the Hon Minister for Pacific Peoples Dr. Shane Reti, and the Hon Minister of Climate Change Simon Watts.
     
    The Secretary-General also engaged with other Government Officials, the business community, including the ASEAN-New Zealand Business Council, student representatives, academia, think tanks and the media.
     
    Across these engagements, both sides discussed the significance of the enduring partnership between ASEAN and New Zealand over the past five decades. Both sides emphasised the importance of upholding and strengthening ASEAN Centrality in the Indo-Pacific and the rules-based regional architecture, of strengthening the East Asia Summit as the premier Leaders-led strategic forum in the region, and the importance of practical cooperation on the ASEAN Outlook on the Indo-Pacific.
     
    The working visit underscored the significance of 2025 as an important milestone in the ASEAN–New Zealand relationship, marking 50 years of dialogue relations. Both sides look forward to the ASEAN–New Zealand Commemorative Leaders’ Summit in Kuala Lumpur, in October 2025, and welcome progress towards establishing a Comprehensive Strategic Partnership this year, that is substantive, meaningful, and mutually beneficial.
     
    Finally, both sides welcomed the complete implementation of the current ASEAN–New Zealand Plan of Action and looked forward to developing a new 2026–2030 Plan of Action that contributes to the peace, stability and prosperity of our region

    The post Joint Summary of the Working Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to New Zealand appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Economics: Joint Summary of the Working Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to New Zealand

    Source: ASEAN – Association of SouthEast Asian Nations

    At the invitation of the Government of New Zealand, the Secretary-General of ASEAN, H.E. Dr. Kao Kim Hourn, paid a working visit to Wellington and Auckland, from 11 to 14 May 2025.
     
    During the visit, the Secretary-General engaged with a broad range of New Zealand Government representatives across the four themes of the ASEAN–New Zealand relationship, namely Peace, Prosperity, People and Planet, including the Right Honourable Prime Minister Christopher Luxon, the Right Honourable Deputy Prime Minister and Minister of Foreign Affairs Winston Peters, the Hon Minister of Defence Judith Collins KC, the Hon Erica Stanford Minister of Education, the Hon Minister for Pacific Peoples Dr. Shane Reti, and the Hon Minister of Climate Change Simon Watts.
     
    The Secretary-General also engaged with other Government Officials, the business community, including the ASEAN-New Zealand Business Council, student representatives, academia, think tanks and the media.
     
    Across these engagements, both sides discussed the significance of the enduring partnership between ASEAN and New Zealand over the past five decades. Both sides emphasised the importance of upholding and strengthening ASEAN Centrality in the Indo-Pacific and the rules-based regional architecture, of strengthening the East Asia Summit as the premier Leaders-led strategic forum in the region, and the importance of practical cooperation on the ASEAN Outlook on the Indo-Pacific.
     
    The working visit underscored the significance of 2025 as an important milestone in the ASEAN–New Zealand relationship, marking 50 years of dialogue relations. Both sides look forward to the ASEAN–New Zealand Commemorative Leaders’ Summit in Kuala Lumpur, in October 2025, and welcome progress towards establishing a Comprehensive Strategic Partnership this year, that is substantive, meaningful, and mutually beneficial.
     
    Finally, both sides welcomed the complete implementation of the current ASEAN–New Zealand Plan of Action and looked forward to developing a new 2026–2030 Plan of Action that contributes to the peace, stability and prosperity of our region

    The post Joint Summary of the Working Visit by H.E. Dr. Kao Kim Hourn, Secretary-General of ASEAN, to New Zealand appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Video: ECB Governing Council Press Conference – 5 June 2025

    Source: European Central Bank (video statements)

    ECB President Christine Lagarde explains the Governing Council’s monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 5 June 2025 at 14:45 CET in Frankfurt am Main.

    https://www.youtube.com/watch?v=pM7fMw29fYY

    MIL OSI Video –

  • MIL-OSI United Kingdom: UK-Angola trade mission strengthens economic ties

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK-Angola trade mission strengthens economic ties

    British businesses explore Angola’s crucial sectors, forging partnerships for continued sustainable growth.

    His Majesty’s Ambassador Bharat Joshi welcomed UK Trade Envoy Calvin Bailey MBE MP and a delegation of over 20 UK businesses eager to explore investment opportunities in Angola’s rapidly expanding infrastructure, agriculture and financial services sectors.

    Together they have successfully launched their first trade and investment mission to Angola on 6 to 7 May 2025. This reaffirmed the UK’s commitment to fostering international partnerships that drive sustainable economic growth.

    HM Trade Envoy to Angola, Calvin Bailey MBE MP, Angolan Minister for Planning, Vitor Hugo Guilherme, HM Ambassador to Angola, Bharat Joshi, Angolan Deputy Minister for Industry, Carlos Carvalho and Director for Europe at the Angolan MFA, Ambassador Maria Cuandina de Carvalho

    During the mission, delegates engaged in strategic site visits to landmark projects, such as: the New Luanda International Airport and the Special Economic Zone (ZEE). These visits complemented a high-profile business forum in Luanda. British and Angolan leaders, including H.E. Minister of Planning Victor Hugo Guilherme, H.E. Deputy Minister for Industry Carlos Rodrigues and H.E. Deputy Minister for Public Investment Ivan dos Santos, discussed collaboration opportunities to deliver mutual economic benefits.

    His Majesty’s Ambassador Bharat Joshi highlighted the importance of the mission, stating:

    I am proud to welcome the first Trade Mission of my tenure, led by UK Trade Envoy Calvin Bailey MBE MP.

    UK companies have a fantastic record of creating local wealth and jobs, investing in local skills and markets and supporting development programmes that make a real difference in communities.

    The size of the delegation reflects our excitement about the opportunities in Angola to build sustainable, long-term partnerships that deliver for both our countries.

    Trade and investment remain central to the UK government’s international strategy, unlocking opportunities, generating high-quality jobs and improving livelihoods in both nations.

    UK Trade Envoy Calvin Bailey reinforced this vision, stating:

    Angola is a land of opportunity. This trade mission demonstrates the UK government’s commitment to forging stronger economic partnerships with Angola.

    With £2.5 billion in bilateral trade already flowing between our nations, we’re connecting British expertise with one of Africa’s most dynamic economies through engagements at transformative projects like the Luanda Special Economic Zone and the New Luanda International Airport, creating meaningful opportunities that deliver prosperity for both our nations.

    The mission has already delivered tangible results, with investment discussions underway and promising business relationships established. These efforts mark more than commercial transactions – they signify a deepening of the UK-Angola economic partnership, paving the way for long-term prosperity.

    Delegates visit to the New Dr. António Agostinho Neto in Luanda

    As the UK continues to strengthen its global trade relationships, this mission represents a significant milestone in fostering sustainable growth and opportunities that will benefit businesses and communities across both nations.

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Serious concerns over use of £22 million triggers investigation by charity regulator

    Source: United Kingdom – Government Statements

    News story

    Serious concerns over use of £22 million triggers investigation by charity regulator

    The Charity Commission has launched a statutory class inquiry into several charities and issued orders to temporarily restrict the issuing of cheques.

    The charity regulator for England and Wales has launched a statutory class inquiry into a group of charities where there is evidence that they are issuing or have issued cheques, which are then exchanged for cash.

    Following an unannounced visit by HMRC to a company in Hackney, 105 charities were found to have cashed cheques with it to a value of £22 million between December 2021 and March 2023.

    The 10 charities initially under inquiry are: Inspirations (1109974), Beis Aharon Charitable Trust Limited (1010420), Mifal Hachesed Vehatzedokoh (1139320), Friend of Beis Soroh Schneirer (1153647), One Heart – Lev Echod (1167227), Yad Vochessed Association Limited (1112797), Friends of Beis Chinuch Lebonos Trust (1153187), Chasdei Dov Trust (1181900), Friends of Mercaz Hatorah Belz Macnivka (1126075), The Rehabilitation Trust (288622).

    These 10 charities have been prioritised following an assessment of a range of factors, including the number of cheques issued, and total value of cheques cashed. The Commission expects to extend the number of charities under investigation over time.

    Using powers available to the Commission during an inquiry, the regulator will determine the facts around how these charities have transferred funds. It will also investigate how trustees had oversight of what happened to funds exchanged for the cheques, and if this cash has been used properly to support what the charities were set up to do. The Commission will seek to establish how trustees determined that these financial transactions were in their charity’s best interests.

    The regulator has issued an immediate order to temporarily stop any of the charities under inquiry from issuing cheques without its prior consent.

    The scope of the inquiry may also be extended if additional regulatory issues emerge during the Commission’s investigation.

    Notes to editors:

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society. Find out more: About us – The Charity Commission – GOV.UK
    2. A statutory inquiry is a legal power enabling the Commission to formally investigate matters of regulatory concern within a charity, or class of charities and to use protective powers for the benefit of the charity and its beneficiaries, assets, or reputation. An inquiry will investigate and establish the facts of the case so that the Commission can determine the extent of any misconduct and/or mismanagement; the extent of the risk to the charity, its work, property, beneficiaries, employees or volunteers; and decide what action is needed to resolve the concerns.
    3. Under section 76(3)(f) of the Charities Act 2011, the regulator has issued a restricted transactions order which will prohibit the issuing of cheques without the Commission’s written consent.
    4. The Commission’s guidance on internal financial controls can be found via this link: Internal financial controls for charities: protect your charity from fraud and loss (CC8)  – GOV.UK. It makes clear that pre-signed blank cheques should be prohibited under charities’ financial control policies.

    Press office

    Email pressenquiries@charitycommission.gov.uk

    Out of hours press office contact number: 07785 748787

    Updates to this page

    Published 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 14, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, reports that its Protection Fund held an average value of $561 million throughout April 2025, highlighting the exchange’s ongoing efforts to maintain strong security for its user base. The Protection Fund hit a high of $617M and a low of $496M for the month of April but maintained a strong average overall. The fund remains a key layer of protection against market instability, offering reassurance to users during a period of macroeconomic uncertainty and shifting investor sentiment in crypto markets.

    The fund fluctuated in tandem with broader digital asset movements in April, as Bitcoin traded within a moderate range and altcoins showed mixed performance. Despite a challenging market, the Protection Fund sustained strong fundamentals, showcasing its stability and the resilience of Bitget’s risk mitigation framework.

    “Our Protection Fund continues to reflect the strength of Bitget’s long-term security strategy,” said Gracy Chen, CEO of Bitget. “As conditions in the crypto market evolve, the fund’s performance shows our priority in safeguarding user assets and building a reliable ecosystem that can weather both volatility and growth.”

    Launched in 2022 with an initial allocation of $300 million, the Protection Fund has more than doubled in size, bolstered by Bitget’s steady platform growth and smart financial management. Bitget’s security framework is built on a comprehensive, multi-layered approach that goes well beyond its $516M Protection Fund and 191% Proof of Reserves. With monthly Merkle Tree audits verifying full asset backing and ISO 27001:2022 certification reinforcing best-in-class protocols, the platform integrates SSL encryption and an advanced risk control system that actively monitors suspicious activity. This combination of rigorous standards and real-time protection has kept Bitget breach-free since 2018 and contributed to its AAA security rating and helped reinforce user confidence to set a benchmark for transparency across the industry.

    For more information and monthly updates on the Protection Fund, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

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

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d71d7905-324d-44e1-be39-0046857f39ac

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d3a3c692-7be0-41a9-9b0d-edd9ebc3511b

    The MIL Network –

  • MIL-OSI: WithSecure has resolved on a directed share issue

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, Stock Exchange Release, 14 May 2025, at 13:00 EEST

    WithSecure has resolved on a directed share issue

    WithSecure’s Annual General Meeting, held on 18 March 2025, resolved to authorise the Board of Directors to resolve on the issuance of a maximum of 17,609,870 shares. The authorisation entitles the Board of Directors to resolve on the terms related to the share issue. A maximum of 2,000,000 shares may be used as part of share-based incentive schemes. The authorisation is valid until the conclusion of the next Annual General Meeting, in any case no later than until 30 June 2026.

    Based on this authorisation, the Board of Directors has resolved on a share issue without consideration as follows:

    1. The number of shares to be issued is 180,445 shares at the most. The shares to be issued are treasury shares.
    2. The shares will be issued to the Board of Directors as part of their compensation (128,221 shares), as well as the recipients of the Restricted Share Plan 2022-2024 reward shares (52,224 shares).
    3. There is a particularly weighty financial reason for deviating from the shareholders’ pre-emptive right as referred to in Chapter 9, Section 4, Paragraph 1 of the Finnish Companies Act given that the shares will be issued as part of the Company’s Board of Directors’ remuneration and share-based incentive schemes.

    Changes in own shares will be separately communicated after delivery of the shares.

    Contact information:
    Laura Viita
    VP, Controlling, investor relations and sustainability
    WithSecure Corporation
    +358 50 487 1044
    investor-relations@withsecure.com

    The MIL Network –

  • MIL-OSI: DTEX Exposes North Korea’s Cybercrime Syndicate, Urges Rethink of Threat

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 14, 2025 (GLOBE NEWSWIRE) — DTEX Systems, the trusted leader of insider risk management, has released a groundbreaking report exposing North Korea’s (DPRK) global cybercrime network – revealing a mafia-like operation fuelled by survival, not ideology. The report details a comprehensive blueprint of DPRK’s cyber hierarchy, a covert talent pipeline, and direct ties to the regime’s Weapons of Mass Destruction (WMD) program.

    For the first time, researchers link DPRK cyber operatives to sanctioned WMD efforts and warn of an escalating AI-enabled threat from Research Center 227, a cyber-physical warfare hub. The findings underscore the urgency of developing a new security paradigm for mitigating this type of threat.

    Going beyond traditional threat models, the report homes in on the underreported human drivers behind DPRK’s operations: in a state defined by scarcity, cybercrime offers operatives access to food, shelter, and healthcare. This survival-based incentive structure underpins the regime’s cyber expansion and complicates attribution efforts.

    “While traditional attribution models like numbered Advanced Persistent Threats (APTs) have served the community well, DPRK’s operations present a more complex picture – one that blends cybercrime, espionage, and geopolitical influence,” said Michael Barnhart, DTEX Principal i3 Insider Risk Investigator and lead author of the report.

    “This is less a typical state actor and more akin to a globally dispersed, mafia-style network, where motivations are driven not just by political power, but by a survival mentality rooted in deep economic hardship and familial obligations. Our goal is to expose the human and organizational factors critical to anticipating their next move.”

    World-leading cybersecurity expert Kevin Mandia, founder of Mandiant and now on DTEX’s Advisory Board, said the DPRK threat is bigger than many people realise.

    “Every business leader and security professional needs to recognize the risks of accommodating remote workers. To empower companies to trust their remote resources is paramount – especially with North Korea leveraging the opportunity to fund its weapons program,” Mandia said.

    “The threat of unintentionally hiring North Korean IT workers is larger than most people realize. It’s covert, it’s global, and it’s active right now – which is why industry and government need to work together to come up with solutions to counter the threat.”

    National security expert and former Principal Deputy Director of National Intelligence, the Honorable Sue Gordon (also a member of DTEX’s Advisory Board) said the DPRK operates unlike any other nation state.

    “DPRK’s cyber operations challenge the traditional nation-state playbook – merging cryptocurrency theft, espionage, and nuclear ambition within a self-funded system driven by profit, loyalty, and survival,” Gordon said.

    “Recognizing it as a family-run mafia syndicate unblurs the lines between cybercrime and statecraft. This report pulls back the curtain on their inner workings and psychology, revealing how deeply embedded they already are within our workforce – providing the context needed to anticipate their next move.”

    Key findings from the report include:

    • DPRK Organizational Blueprint: For the first time, an unclassified organizational chart maps the structure, roles, and communication chains within the DPRK’s cyber ecosystem, providing a roadmap for more accurate attribution and proactive defense strategies.
    • Human Motivations Behind DPRK Cyber Operations: The report reveals that DPRK operatives are motivated not by ideology but by survival. In a country with limited resources, participation in cybercrime offers rare access to basic needs, fuelling persistence and loyalty among its workforce.
    • Decades-Long Cyber Talent Pipeline: The report traces North Korea’s investment in a scalable cyber education system that nurtures talent from childhood through college, continuously feeding technically trained operatives into Research Center 227 as well as other threat groups and offensive military units.
    • Early Warning Indicators for Embedded Threats: By connecting the full lifecycle of DPRK’s cyber workforce – from recruitment to deployment – this report offers behavioral and technical markers that can help organizations identify and remove DPRK operatives before significant damage occurs.
    • Evidence of Unit 227’s Coordinated Global Infiltration: The report reveals how DPRK’s elite Research Center 227 is infiltrating critical infrastructure worldwide, moving beyond espionage into sustained, embedded access within commercial and government systems.
    • Identification of Active DPRK Operatives: Two active DPRK IT operatives are identified, with detailed profiles, digital aliases, and a breakdown of their tradecraft, including image manipulation and credential fraud used to gain access to sensitive systems.
    • Direct Links to WMD Programs: The report identifies a North Korean academic institution funnelling resources and personnel to a sanctioned weapons program, with verified evidence that IT workers are being deployed to directly support WMD production.

    DTEX CEO Marshall Heilman emphasized that the speed and sophistication of DPRK-linked infiltration – amplified by AI – requires a unified defense response.

    “This report reflects the ongoing collaboration across the intelligence community, supported by DTEX, to better understand an evolving and increasingly complex threat landscape,” Heilman said.

    “North Korea is blending AI, cybercrime, and kinetic capabilities into a hybrid threat model that challenges conventional defense boundaries. This isn’t a forecast – it’s a call to action. Our goal is not to alarm, but to provide the foresight needed to address the growing sophistication of this global threat.”

    The report represents the culmination of research from a network of intelligence professionals and cybersecurity experts, with supporting investigative findings from DTEX. It provides a structured framework for security practitioners, policymakers, and risk leaders to anticipate DPRK’s next move and proactively defend against these increasingly complex and multifaceted threats.

    About DTEX Systems
    As the trusted leader of insider risk management, DTEX transforms enterprise security by displacing reactive tools with a proactive solution that stops insider risks from becoming data breaches. DTEX InTERCEPT™ consolidates Data Loss Prevention, User Activity Monitoring, and User Behavior Analytics in one lightweight platform to enable organizations to achieve a trusted and protected workforce. Backed by behavioral science, powered by AI, and used by governments and organizations around the world, DTEX is the trusted authority for protecting data and people at scale with privacy by design.

    To learn more about DTEX, please visit dtexsystems.com

    Connect with DTEX: LinkedIn | Twitter | YouTube

    Media Contact
    Mariah Gauthier
    dtex@highwirepr.com

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos Canada: JACKBIT Rated Top Bitcoin Online Casino For Canadian Players!

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 14, 2025 (GLOBE NEWSWIRE) — JACKBIT has claimed the crown as the top online casino for instant crypto rewards in 2025, dominating Canada’s competitive iGaming landscape. Celebrated as the best crypto casino in Canada, JACKBIT blends lightning-fast payouts, a no-KYC policy, and bonuses that excite without demanding hefty upfront deposits. This platform has redefined crypto gambling for Canadians with its unwavering commitment to player satisfaction.

    <<<SIGN UP NOW AND EXPERIENCE THE BEST CRYPTO CASINO OF 2025 AT JACKBIT!>>>

    “We’re thrilled to be named the best crypto casino Canada offers in 2025. Our mission is to deliver a seamless, rewarding experience rooted in trust and transparency,” said a JACKBIT spokesperson.

    For Canadian casino fans, JACKBIT provides a low-risk entry into real-money gaming with instant crypto rewards and access to over 7,000 top-tier games. Whether you’re dipping your toes into crypto or are a seasoned gambler, JACKBIT sets a new benchmark for crypto casinos Canada adores. From immersive slots and live dealer tables to a robust sportsbook, JACKBIT caters to every gaming preference, standing out in a crowded online casino market.

    JACKBIT stands out as one of the best crypto casinos in Canada for 2025, offering players a seamless gaming experience with fast Bitcoin payouts and generous bonuses. Known for its no-KYC gaming, JACKBIT ensures privacy and security while players enjoy a wide variety of slots, table games, and live dealer options.

    Whether you’re new to crypto gaming or a seasoned player, JACKBIT’s player-centric features, including instant rewards and VIP perks, make it a top choice for Canadian players seeking excitement and reliable payouts.

    Getting Started with JACKBIT

    Joining JACKBIT is a breeze, tailored for Canadians eager to explore a new crypto casino:

    1. Visit the official JACKBIT website.
    2. Click “Sign Up” in the top-right corner.
    3. Enter minimal details (email, password, preferred currency).
    4. Choose a payment method (crypto or fiat) and deposit.
    5. Claim your 30% Rakeback and 100 free spins.
    6. Dive into 7,000+ games or the sportsbook.

    JACKBIT’s streamlined process makes it the best crypto casino Canada offers for accessibility.

    Bonuses & Promotions: Rewards That Deliver

    JACKBIT’s promotional offers are a key reason it’s ranked as the best crypto casino Canada has in 2025. New players kick off with a 30% Rakeback and 100 wager-free spins, with ongoing promotions including:

    • Weekly giveaways with $10,000 and 10,000 free spins.
      • Frequent Opportunities: Regular events mean more chances to win without extra deposits.
      • Player Value: High prize pools add excitement to every week.
      • Why It’s Great: Keeps you engaged with fresh rewards.
    • VIP Rakeback up to 30%, scaling with loyalty tiers.
      • Loyalty Boost: The more you play, the bigger the cashback.
      • Tailored Perks: Higher tiers unlock exclusive benefits.
      • Why It’s Great: Rewards dedication with tangible returns.
    • Pragmatic Drops & Wins with a €2,000,000 prize pool.
      • Massive Stakes: Huge prizes elevate everyday gaming.
      • Wide Reach: Available across multiple games for broad appeal.
      • Why It’s Great: Offers a shot at life-changing wins.
    • Social media bonuses for engaging on Twitter and Telegram.
      • Community Connection: Bonuses for joining the JACKBIT conversation.
      • Easy Access: Simple tasks like retweeting unlock rewards.
      • Why It’s Great: Adds fun beyond the games.
    • Regular slot and table game tournaments with cash prizes.
      • Competitive Edge: Battle for leaderboard spots and cash.
      • Inclusive Play: Open to all skill levels.
      • Why It’s Great: Adds a thrilling competitive layer.

    These fair, high-value bonuses make JACKBIT a standout among Canadian bitcoin casinos.

    <<>>

    A Deep Dive into JACKBIT’s Excellence

    JACKBIT’s 2025 ranking as Canada’s top crypto casino stems from a rigorous evaluation of player-focused criteria:

    • Licensing and Regulation
    • Game Variety and Quality
    • Bonuses and Promotions
    • Payment Flexibility and Speed
    • Security and Fair Play
    • Mobile Gaming Experience
    • Customer Support Quality
    • Sportsbook Features
    • Responsible Gambling Tools
    • No-KYC Benefits

    JACKBIT outperformed competitors in every category, cementing its status as the best bitcoin casino Canada trusts. Let’s unpack why with added insights and details.

    Licensing: A Pillar of Trust

    JACKBIT operates under a Curacao Gaming License, a respected credential in the crypto gambling world. This license mandates adherence to fair play and security standards, with regular audits ensuring compliance. While some players may prefer licenses from Malta or Ontario’s iGaming authority, Curacao’s framework enables JACKBIT to serve a global audience, including Canadians, while maintaining transparency.

    • Global Accessibility: The Curacao license allows JACKBIT to welcome players from diverse regions, making it a versatile choice for Canadians seeking international gaming options.
    • Player Confidence: Regular audits mean your gameplay and funds are protected, letting you focus on the fun.
    • Regulatory Balance: Curacao strikes a balance between flexibility and oversight, ideal for crypto-focused platforms.

    For those searching for the best BTC casino, JACKBIT’s licensing provides a secure, reliable foundation for worry-free gaming.

    Game Variety: A World of Choices

    With over 7,000 games from 85 premier providers like NetEnt, Evolution Gaming, Microgaming, and Pragmatic Play, JACKBIT’s library is a major draw. It’s a cornerstone of why it’s hailed as the best crypto casino Canada offers. Here’s the breakdown:

    • Slots: Over 5,000 titles, from classic fruit machines to modern video slots like Gold Party and Chilli Heat. Players can explore 180+ Megaways titles and progressive jackpots with life-changing payouts.
      • Endless Themes: From adventure to mythology, slots cater to every interest, keeping sessions fresh.
      • Jackpot Appeal: Games like Mega Moolah offer million-dollar prizes, drawing thrill-seekers.
      • Why It’s Great: Variety ensures there’s always a new slot to discover.
    • Table Games: A rich selection including blackjack (Power Blackjack, Infinite Blackjack), roulette (European, Lightning), poker (Texas Hold’em), baccarat, and craps.
      • Strategic Depth: These games reward skill, appealing to players who enjoy outsmarting the house.
      • Variety Boost: Multiple variants keep classics exciting.
      • Why It’s Great: Perfect for both casual and seasoned players.
    • Live Dealer Games: Powered by Evolution Gaming, the live section features Live Blackjack, Live Roulette, Live Baccarat, and game shows like Dream Catcher and Crazy Time.
      • Real-Time Thrills: Interact with professional dealers for an authentic casino vibe.
      • Social Edge: Chat features create a community feel.
      • Why It’s Great: Brings the casino floor to your screen.
    • Sportsbook: A comprehensive platform covering 140+ sports, with 82,000+ live monthly events and 4,500+ betting types, including hockey, basketball, and e-sports.
      • Canadian Focus: Heavy emphasis on hockey aligns with national passion.
      • Live Betting: Real-time odds keep the action intense.
      • Why It’s Great: Ideal for sports fans and casual bettors alike.
    • Specialty Games: Casual options like bingo (Shamrock Bingo), scratch cards, and crypto-friendly mini-games such as Aviator and Plinko.
      • Quick Play: Low-stakes games for relaxed fun.
      • Crypto Fit: Mini-games designed for fast crypto bets.
      • Why It’s Great: Perfect for a quick gaming break.
    • Virtual Sports: 24/7 betting on simulated events like virtual football, horse racing, and greyhound racing.
      • Non-Stop Action: Bet anytime, regardless of real-world schedules.
      • Realistic Graphics: Advanced algorithms mimic live sports.
      • Why It’s Great: Keeps the excitement going around the clock.

    This vast selection ensures JACKBIT remains a top Canada bitcoin casino for players seeking variety and quality.

    <<>>

    Payment Flexibility: Fast and Secure

    JACKBIT excels as an instant payout casino, supporting over 17 cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, and Dogecoin. Crypto transactions are instant and fee-free, offering unmatched convenience. Traditional options include:

    • Visa and MasterCard: Instant deposits, withdrawals in 1-3 days.
    • Google Pay and Apple Pay: Instant mobile deposits.
    • Bank transfers: Withdrawals in 3-5 days.

    With high withdrawal limits (up to $10,000 weekly) and robust SSL encryption, JACKBIT ensures secure, flexible banking, reinforcing its position as the best bitcoin casino Canada has.

    <<>>

    Security: A Safe Haven

    Security is paramount at JACKBIT, a trusted online casino. The platform uses SSL encryption and blockchain technology to protect player data and transactions. Provably fair games and Random Number Generators (RNGs) guarantee unbiased outcomes, making JACKBIT one of the safest crypto casinos Canada offers. The no-KYC policy enhances privacy, allowing instant withdrawals without verification while maintaining trust.

    • Blockchain Transparency: Verify transactions for added peace of mind.
    • Fairness Certified: Independent audits confirm game integrity.
    • Why It’s Great: Play confidently knowing your experience is secure.

    Mobile Gaming: Play on the Go

    JACKBIT’s mobile-optimized platform delivers a seamless experience on iOS and Android without a dedicated app. Players can access the full game library, deposit instantly, and claim bonuses anywhere. The responsive design ensures smooth navigation, making JACKBIT a top choice for mobile gamblers seeking the best crypto casino Canada has.

    • Cross-Device Sync: Switch between phone and desktop without losing progress.
    • Intuitive Interface: Easy navigation on smaller screens.
    • Why It’s Great: Game wherever life takes you.

    Customer Support: Always Ready

    JACKBIT offers 24/7 live chat support in multiple languages, including English, French, and Spanish, resolving queries within minutes. Email support and a comprehensive FAQ section provide additional resources. Player feedback highlights the team’s professionalism, cementing JACKBIT’s reputation as a trusted Canada bitcoin casino.

    • Bilingual Support: French options cater to Canada’s diverse population.
    • Fast Response: Issues are handled promptly, day or night.
    • Why It’s Great: Reliable help enhances the player experience.

    Sportsbook: Betting Done Right

    JACKBIT’s sportsbook is a standout, covering 140+ sports, including hockey, basketball, tennis, and e-sports. With 82,000+ live monthly events and 4,500+ betting types, it caters to sports enthusiasts. Live streaming and competitive odds make JACKBIT the best BTC casino for Canadian sports fans.

    • Hockey Focus: Extensive NHL betting options resonate with Canadians.
    • Live Action: Real-time updates keep bets engaging.
    • Why It’s Great: A must for sports betting lovers.

    Responsible Gambling: Prioritizing Well-Being

    JACKBIT promotes player safety with tools like deposit limits, self-exclusion, reality checks, and links to organizations like GamCare and Gambling Therapy. These features ensure a fun, controlled experience, aligning with the standards of safe crypto casinos Canada trusts.

    • Proactive Measures: Tools help you set boundaries before issues arise.
    • Support Access: Resources are a click away for those needing help.
    • Why It’s Great: Keeps gaming enjoyable and responsible.

    No-KYC Benefits: Privacy First

    JACKBIT’s no-KYC policy allows anonymous play and withdrawals, a game-changer for privacy-conscious players. This feature, paired with fast crypto payouts, makes it the best crypto casino Canada offers for discreet gaming.

    • Hassle-Free: Skip ID checks and play instantly.
    • Secure Anonymity: Your data stays private without compromising safety.
    • Why It’s Great: Ideal for players valuing personal freedom.

    Crypto Gambling Trends in Canada

    Crypto gambling is booming in Canada, driven by growing cryptocurrency adoption and frustrations with traditional banking restrictions. Platforms like JACKBIT are at the forefront, offering solutions that align with these trends:

    • Increased Crypto Use: More Canadians hold Bitcoin and Ethereum, making crypto casinos a natural fit.
    • Privacy Demand: No-KYC platforms like JACKBIT cater to players seeking discretion.
    • Tech Integration: Blockchain and fast transactions enhance gameplay.
    • Why JACKBIT Leads: Its crypto-first approach makes it the best crypto casino Canada embraces.

    This alignment with market shifts positions JACKBIT as a leader in the new crypto casino space.

    Player Psychology: Why Canadians Choose JACKBIT

    Canadians are drawn to crypto casinos like JACKBIT for several psychological reasons:

    • Control and Freedom: No-KYC and instant payouts empower players to manage their gaming.
    • Risk-Reward Balance: Bonuses like Rakeback offer rewards without high stakes.
    • Community Appeal: Social media bonuses and tournaments foster a sense of belonging.
    • Why It Works: JACKBIT taps into these drivers, making it a top Canada bitcoin casino.

    Understanding these motivations highlights why JACKBIT resonates as the best online crypto casino.

    JACKBIT’s Community Initiatives

    Beyond gaming, JACKBIT builds a vibrant community:

    • Charity Drives: Partners with Canadian organizations to support local causes.
    • Player Events: Hosts virtual meetups for fans to connect.
    • Feedback Forums: Actively incorporates player suggestions for platform improvements.
    • Why It Matters: Strengthens loyalty and makes JACKBIT a crypto casino Canada loves.

    These efforts create a dynamic, inclusive environment for players.

    Regulatory Landscape for Crypto Gambling in Canada

    Canada’s gambling laws are evolving, with provinces like Ontario regulating online gaming while crypto remains a gray area. JACKBIT’s Curacao license ensures compliance with international standards, but future Canadian regulations could shape the industry:

    • Potential Licensing: Provinces may introduce crypto-specific rules.
    • Player Protections: Enhanced safeguards could boost trust.
    • JACKBIT’s Advantage: Its global license and no-KYC model keep it flexible, reinforcing its status as the best crypto casino Canada offers.

    Staying ahead of these changes ensures JACKBIT’s long-term success.

    JACKBIT’s Innovation Pipeline

    JACKBIT is poised to stay ahead with planned enhancements:

    • New Cryptos: Adding support for emerging coins like Cardano.
    • AR/VR Gaming: Testing immersive slot and live dealer experiences.
    • AI Personalization: Tailoring game suggestions based on player habits.
    • Why It’s Exciting: These innovations keep JACKBIT the best crypto casino Canada looks to in the future.

    This forward-thinking approach ensures continued leadership.

    Why JACKBIT Reigns Supreme in 2025

    JACKBIT’s blend of no-KYC freedom, instant crypto payouts, and an unmatched game library makes it the best crypto casino Canada offers. Its focus on security, player rewards, and innovation creates a gaming experience that’s hard to beat, whether you’re a casual player or a high roller.

    <<>>

    Final Words About The Best Crypto Casino Canada

    JACKBIT combines anonymous, no-KYC gameplay with lightning-fast crypto payouts and an extensive game selection, setting a new benchmark in online gaming. With generous promotions, strong security measures, and a user-first approach, it offers both excitement and peace of mind. While its Curacao license may not be the strictest, JACKBIT reinforces player trust through transparent practices and responsible gambling features.

    Despite being a newer name in the industry, JACKBIT has quickly emerged as a leader among the best online casinos Canada, delivering a seamless experience tailored to both casual players and high-stakes users.

    Contact: support@jackbit.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. Gambling carries risks; verify information and play responsibly. You must be 19 (or 18 in some provinces) to gamble legally in Canada. Laws vary, so comply accordingly. We may earn commissions from links at no extra cost to you. Our JACKBIT review is unbiased, based on thorough research.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7840cef4-dbeb-4803-a97c-446bf76ebb69

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7f7df58a-8a1d-4354-939e-cf0308241911

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4806fed5-7d61-4c01-bd3a-78d597ea26bd

    The MIL Network –

  • MIL-OSI: Best Crypto Casinos Australia: JACKBIT Picked As Top Bitcoin Casino For Aussie Gamblers!

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, May 14, 2025 (GLOBE NEWSWIRE) — Looking for the best crypto casino in Australia? Our expert team has carefully reviewed and selected the top platform for Aussie players, focusing on strict criteria and real feedback from the local gaming community. After evaluating numerous options, we’ve identified a standout that excels in game variety, bonuses, security, and user experience, delivering a top-notch crypto gambling Australia experience.

    VISIT JACKBIT NOW & CLAIM YOUR WELCOME BONUSES!

    Among the contenders, JACKBIT shines as the leading Bitcoin casino Australia for 2025, earning a stellar 4.9/5 rating. Launched in 2022, this crypto casino Australia offers a no KYC policy, lightning-fast crypto transactions, and a massive library of over 6,600 games, making it ideal for online casino real money play. In this detailed review, we’ll dive into why JACKBIT is likely the best crypto casino Australia, covering its features, bonuses, games, and more.

    JACKBIT: The Best Crypto Casino Australia

    JACKBIT ticks all the boxes for the best crypto casinos in Australia, making it our top pick for 2025. Established in 2022, JACKBIT operates under a Curacao eGaming license, ensuring it meets international standards for fairness and security.

    It’s no KYC policy lets Australian players sign up and play anonymously, a major plus for those prioritizing privacy in crypto gambling in Australia. With instant crypto withdrawals processed in seconds, JACKBIT delivers the speed expected from a high-payout Australian crypto casino, allowing players to access winnings without delay.

    The welcome bonus—a 30% rakeback, no KYC, and 100 free spins with no wagering requirements—gives new players a great start, letting them explore the platform’s vast game selection. Ongoing promotions, like VIP rakeback and exciting tournaments, keep the rewards flowing, enhancing the Bitcoin casino bonus offerings.

    Boasting over 6,600 games from 91 top providers and a robust sportsbook, JACKBIT caters to every taste, cementing its status as a premier Bitcoin casino in Australia.

    READY TO PLAY? JOIN JACKBIT CASINO AND CLAIM YOUR BONUS!

    JACKBIT – The Top Bitcoin Casino Australia for Fast Payouts

    Since its debut in 2022, JACKBIT has likely transformed the best crypto casino Australia landscape with its innovative features and player-centric design. The no KYC policy is a standout, allowing Aussie players to register and play without sharing personal details, ensuring maximum privacy.

    As a leading crypto casino in Australia, JACKBIT processes crypto transactions instantly, enabling deposits, gameplay, and withdrawals in minutes—a hallmark of new crypto casinos.

    New players enjoy a 30% rakeback, no KYC, and 100 free spins with no wagering requirements on select promotions, making it one of the most enticing Bitcoin casino bonuses available.

    Ongoing offers include a VIP Rakeback Club with up to 30% rakeback, weekly giveaways with $10,000 prize pools, and Pragmatic Play’s Drops & Wins tournaments with a €2,000,000 prize pool, adding significant value for crypto gambling Australia fans.

    JACKBIT’s game library, powered by industry giants like Pragmatic Play, Evolution Gaming, and Play’n GO, features over 6,600 titles, from high-RTP crypto slots Australia to live dealer tables and a sportsbook covering 140+ sports. Its sleek, intuitive interface, available in 10 languages including English, ensures easy navigation for Australian players. Advanced SSL encryption safeguards player data, and 24/7 customer support via live chat and email offers prompt assistance, making JACKBIT a top Australian crypto casino.

    Bonuses at JACKBIT Casino

    JACKBIT offers a range of bonuses to enhance the crypto casino Australia experience:

    • Welcome Bonus: 30% rakeback + 100 free spins with no wagering requirements, plus no KYC for crypto users.
    • VIP Rakeback Club: Up to 30% rakeback for loyal players.
    • Weekly Giveaways: $10,000 prize pools for exciting competitions.
    • Pragmatic Play Drops & Wins: €2,000,000 prize pool in tournaments.
    • 3+1 FreeBet: Place three bets, get one free in the sportsbook.
    • Bet Insurance: 10% cashback on select sports bets.
    • Social Media Bonuses: Exclusive offers via JACKBIT’s social channels.
    • NBA Playoffs Cashback: Special promotions during major sports events.

    CLAIM YOUR 30% RAKEBACK + 100 FREE SPINS AT JACKBIT!

    Always review bonus terms to ensure eligibility and maximize rewards.

    Pros and Cons of JACKBIT Casino

    Here’s a balanced look at JACKBIT as a crypto casino Australia:

    Pros:

    • No KYC policy for maximum privacy in crypto gambling Australia.
    • Instant crypto deposits and withdrawals, perfect for online Bitcoin casino play.
    • Over 6,600 games, including crypto slots Australia, live dealers, and sports betting.
    • Generous 30% rakeback + 100 free spins with no wagering requirements.
    • Supports 16+ cryptocurrencies for secure, seamless transactions.
    • 24/7 multilingual customer support via live chat and email.
    • Mobile-optimized for best crypto casino Australia gaming on the go.
    • High-payout games with competitive RTPs for online casino real money play.

    Cons:

    • Launched in 2022, it may lack the long-term reputation of older Bitcoin casinos Australia.
    • Some bonuses have specific terms that require careful review.
    • Traditional payment withdrawals (1-3 days) are slower than crypto.

    How to Join JACKBIT – The Best Crypto Casino Australia

    Joining JACKBIT, likely the best crypto casino Australia, is quick and straightforward for Aussie players:

    1. Visit JACKBIT Casino: Click Here to Head to JACKBIT Casino and click the sign-up button.
    2. Create Your Account: Enter an email and password. The no KYC policy means no personal details are needed for crypto users.
    3. Make Your First Deposit: Choose a payment method (e.g., Bitcoin, Ethereum, Visa, or PayID) and deposit at least $10 or equivalent to unlock the welcome bonus. For crypto, scan the QR code or copy the wallet address.
    4. Claim Your Bonus: Get 100 free spins instantly for top crypto slots Australia like Gates of Olympus.
    5. Start Playing: Dive into 6,600+ games or bet on sports with your Bitcoin casino bonus.

    Pro Tip: Verify your email and check the promotions page for the latest bonus codes to ensure smooth activation. Save your wallet address for faster future deposits to enhance your crypto casino Australia experience.

    How We Selected JACKBIT as the Best Crypto Casino Australia

    Our selection of JACKBIT as the best crypto casino Australia involved a thorough evaluation tailored to Australian players’ needs in crypto gambling Australia. Here’s how we assessed it:

    • Licensing and Regulation: JACKBIT holds a Curacao eGaming license, ensuring compliance with global standards. We confirmed its legitimacy for Aussie players.
    • Security Measures: Advanced SSL encryption and provably fair games protect data and ensure transparency.
    • Game Variety and Quality: Over 6,600 games from 91 providers, including slots, table games, live dealers, and a sportsbook, cater to all preferences.
    • Bonuses and Promotions: The 30% rakeback + 100 free spins welcome bonus, with no wagering on select offers, outshines competitors. Ongoing promotions add value.
    • Payment Methods: Supports 16+ cryptocurrencies and traditional options like PayID, with instant crypto transactions and low fees.
    • Customer Support: 24/7 live chat and email support in multiple languages ensure quick query resolution.
    • User Experience: A mobile-optimized, intuitive interface in 10 languages offers seamless navigation.
    • Player Feedback and Reputation: Positive reviews on platforms like Trustpilot (4.4/5) highlight fast payouts and game variety, though some note bonus term complexity.
    • Responsible Gambling Measures: Tools like deposit limits and self-exclusion promote safe play.
    • Market Position and Innovation: Support for emerging cryptocurrencies like Solana and provably fair games positions JACKBIT as forward-thinking.

    JACKBIT’s outstanding performance, especially its no KYC policy and instant withdrawals, makes it the best crypto casino Australia for 2025.

    START WINNING WITH NO KYC AND INSTANT WITHDRAWALS AT JACKBIT!

    Best Crypto Casino Australia Games at JACKBIT

    JACKBIT’s game library is a key reason it’s the best crypto casino Australia, offering over 6,600 titles from 91 providers for online casino real money play:

    • Online Slots:
      • Gates of Olympus (Pragmatic Play, 96.50% RTP): Mythological slot with 5,000x max win.
      • Sweet Bonanza (Pragmatic Play, 96.49% RTP): Candy-themed slot with 21,175x max win.
      • Book of Dead (Play’n GO, 96.21% RTP): Adventure slot with 5,000x max win.
      • Mega Moolah (Microgaming, 88.12% RTP): Progressive jackpot slot with multi-million-dollar payouts.
      • Wolf Gold (Pragmatic Play, 96.01% RTP): 5-reel slot with 5,000x max win.
      • Starburst (NetEnt, 96.09% RTP): Vibrant slot with 500x max win.
    • Table Games:
      • Blackjack: Variants like Classic and Multi-Hand with low house edges.
      • Roulette: European, American, and French options for classic thrills.
      • Poker: Caribbean Stud, Three Card Poker, and Texas Hold’em.
      • Baccarat: Simple rules and high payouts for high rollers.
    • Live Dealer Games: Over 250 tables from Evolution Gaming, including:
      • Lightning Roulette: Multipliers up to 500x.
      • Infinite Blackjack: Unlimited players with side bets.
      • Crazy Time: Interactive game show with bonus rounds.
      • Baccarat Squeeze: Suspenseful card reveals.
    • Sportsbook: Covers 140+ sports, with 82,000+ monthly live events and 75,000+ pre-match events, including AFL, NRL, and esports like CS:GO.
    • Specialty Games:
      • Scratch Cards: Quick-win games like Scratch Dice.
      • Keno: Lottery-style games for casual play.
      • Virtual Sports: Simulated events like virtual football.

    START PLAYING AND WIN BIG AT JACKBIT CASINO!

    Best Crypto Casino Australia Payment Methods at JACKBIT

    JACKBIT’s payment system is built for speed and flexibility, making it a top no KYC crypto casino for Australian players:

    Payment Method Type Processing Time Minimum Deposit Notes
    Bitcoin (BTC) Cryptocurrency Instant $ 10 Fee-free, anonymous
    Ethereum (ETH) Cryptocurrency Instant $ 10 High security
    Tether (USDT) Cryptocurrency Instant $ 10 Stablecoin, low volatility
    Solana (SOL) Cryptocurrency Instant $ 10 Low fees, fast transactions
    Binance Coin (BNB) Cryptocurrency Instant $ 10 Versatile, ecosystem support
    Visa/MasterCard Traditional Instant (deposits), 1-3 days (withdrawals) $ 10 Widely accepted
    PayID Traditional Instant (deposits), 1-3 days (withdrawals) $ 10 Fast, linked to bank accounts
    Bank Transfer Traditional 1-5 days $ 50 Suitable for high rollers
    Skrill/Neteller E-Wallet Instant (deposits), 1-2 days (withdrawals) $ 10 Secure, private transactions

    JACKBIT’s crypto focus, alongside traditional options like PayID, ensures seamless transactions for online casino real money play.

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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/777c7ae6-e626-481f-9171-b0b463dd8530

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f4ad0782-34b0-427b-bcb9-9e44eef71090

    The MIL Network –

  • MIL-OSI Europe: The EBA updates Report on the monitoring of the liquidity coverage ratio and net stable funding ratio in the EU

    Source: European Banking Authority

    The European Banking Authority (EBA) today published an updated Report on the monitoring of the liquidity coverage ratio (LCR) and the net stable founding ration (NSFR) in the EU. This update is necessary in light of the banking turmoil experienced in March 2023, which highlighted the need for enhanced supervision of various liquidity aspects resulting from the change in the interest rate environment and related trends in deposit behaviour and concentrations.

    In particular, this Report provides further clarification for the recognition in the LCR calculation of LCR inflows from open reverse repos without a maturity date within 30 days, following Q&A 2024_7053 (published on 3 May 2024). It builds on two approaches, the first of which builds on the occurrence of a trigger event to terminate the transaction, and the second one on historical experience. The Report also considers how recently, in some banks, operational deposits increased while excess operational deposits decreased, and how the interest rate environment changed. In this context, the Report supplements the guidance provided in the EBA’s 2019 Report on identifying operational deposits, the characteristics of the operational deposit trade cycle, and the material penalty for retail term deposits.

    Lastly, an Addendum to the EBA’s 2023 Report on interdependent assets and liabilities in the NSFR is also included. It clarifies regulatory expectations regarding indirect client clearing activities, where affiliated institutions rather than an IPS structure – which is already covered in the 2023 Report – are involved.

    Legal basis, background, and next steps

    The LCR is applicable in the EU since 1 October 2015, and its full implementation at a minimum of 100% became effective in January 2018. The NSFR is applicable in the EU at a minimum of 100% since 28 June 2021.

    Moreover, article 428f(3) of the CRR mandates the EBA to monitor the assets and liabilities treated as interdependent and to determine whether the criteria required in paragraph 1 of the same Article are met. The EBA shall report to the Commission on the results of that monitoring and shall advise the Commission on whether an amendment to the conditions set out in paragraph 1 or an amendment to the list of products and services in paragraph 2 would be necessary. Derivative client clearing activities are mentioned under Article 428f(2)(d) of the CRR.

    The EBA published Reports on the monitoring of LCR and NSFR in EU in 2019, 2021 and 2023, and a 2023 report on interdependent assets and liabilities in the NSFR.

    The EBA will continue monitoring some specific aspects of the LCR and NSFR due to current circumstances and interest rate environment to set out its observations and provide further guidance, where necessary.

    The EBA will also assess further the need to amend/complement the existing regulatory reporting on liquidity requirements. 

    MIL OSI Europe News –

  • MIL-OSI New Zealand: Trade Minister to meet US Trade Representative at APEC in Korea

    Source: NZ Music Month takes to the streets

    Trade and Investment Minister Todd McClay travels to Korea today for the annual Asia-Pacific Economic Cooperation (APEC) Trade Ministers meeting where he will meet with APEC and CPTPP trading partners including a first in person meeting with United Stated Trade Representative Jamieson Greer.

    “These meetings are an opportunity to advocate for New Zealand exporters, discuss our strong and mutually beneficial trade relationships, and restate New Zealand’s opposition to high tariff regimes,” Mr McClay says.

    While in Jeju, Minister McClay will meet with Ministers from: Australia, China, Chile, Indonesia, Japan, Korea, Peru, Singapore and the United States where he will talk about the need for certainty for consumers and exporters.  

    APEC’s 21 economies receive over 75 per cent of New Zealand’s exports and represent nearly 60 per cent of global GDP. 

    “Open and fair market access remains a priority for our Government as we look to double the value of exports in 10 years and grow the economy,” Mr McClay says. 

    “This meeting is an opportunity to deepen our connections with these major economic partners and support New Zealand exporters.”

    MIL OSI New Zealand News –

  • India’s WPI inflation falls to 13-month low

    Source: Government of India

    Source: Government of India (4)

    India’s wholesale inflation fell to a 13-month low of 0.85% in April, down from 2.05% in March and 2.38% in February, according to data released by the Ministry of Commerce and Industry on Wednesday. This sharp deceleration reflects easing price pressures across key sectors.

    On a month-over-month basis, the Wholesale Price Index (WPI) declined by 0.19% in April, continuing the downward trend seen in recent months. The drop was largely driven by falling food prices and a double-digit decline in fuel prices, which pulled overall inflation into negative territory on a monthly basis.

    In parallel, retail inflation also eased. As per data released by the Ministry of Statistics on Tuesday, Consumer Price Index (CPI)-based inflation dropped to 3.16% in April, down from 3.34% in March, marking its lowest level since July 2019.

    A significant factor in this decline was the moderation in food inflation, which slowed to 1.78% in April from 2.69% in March. Given that food prices account for nearly half of the CPI basket, this has brought much-needed relief to household budgets.

    This marks the third consecutive month that retail inflation has stayed below the Reserve Bank of India’s (RBI) 4% medium-term target, providing the central bank with greater flexibility to maintain its accommodative monetary policy stance aimed at supporting economic growth.

    In its recent monetary policy review, the RBI Governor, Sanjay Malhotra noted that the inflation outlook has improved considerably. The Monetary Policy Committee (MPC) has revised its inflation forecast for 2025–26 down to 4%, from an earlier estimate of 4.2%, citing a more favourable outlook for food prices.

    The easing of uncertainties around Rabi crop production, along with the second advance estimates pointing to record wheat output and improved pulse production, are expected to further help contain food inflation. Coupled with strong Kharif arrivals, this sets the stage for a more durable softening of inflationary pressures.

    Additionally, the latest RBI survey shows a sharp decline in inflation expectations over the next three months and one year, which is likely to help anchor inflationary sentiment going forward.

    (With IANS inputs)

  • MIL-OSI Asia-Pac: LCQ15: Training of artificial intelligence talents

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Rock Chen and a written reply by the Secretary for Education, Dr Choi Yuk-lin, in the Legislative Council today (May 14):

    Question:

    In September last year, the State President delivered an important speech at the National Conference on Education, following which the 2024-2035 master plan on building China into a leading country in education (the master plan) was issued, setting out a roadmap for the national education development in the next 10 years. The master plan clearly proposed to establish a mechanism for co-ordinating and promoting the integration of education, technology and talent by leveraging the support of education to technology and talent. The master plan also set out the close collaboration with the development of the innovation and technology (I&T) hub in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the building of a high-calibre talent hub and platforms for talent attraction and retention, thereby enhancing the overall effectiveness of the innovation system. In this connection, will the Government inform this Council:

    (1) against the background of the master plan’s proposals to establish a mechanism for co-ordinating and promoting the integration of education, technology and talent as well as to closely collaborate with the development of I&T hub in the GBA, how the Government will further deepen the collaboration among the “government, industry, academic and research” sectors to promote the transformation of research and development outcomes of tertiary institutions into a driving force for innovation in the industry, with a view to enhancing Hong Kong’s competitiveness in the GBA’s I&T ecosystem;

    (2) as there are views that universities of applied sciences (UAS) play an important role in Hong Kong in complementing the master plan’s proposal to leverage the support of education to technology and talent, how the Government will further define the self-positioning of UAS and assist UAS in leveraging their unique advantages, so as to nurture more applied technology talents who suit the needs of the industries in the GBA;

    (3) how the Government plans to assist tertiary institutions and scientific research institutions in increasing their expenditure on research and development (R&D) and intensifying the efforts in nurturing talents in the field of artificial intelligence (AI), so that Hong Kong can contribute to the development of the I&T hub in the GBA in the aspect of AI technology’s R&D and application; and

    (4) whether it has studied how the Government should further strengthen STEAM (i.e. Science, Technology, Engineering, the Arts and Mathematics) education in primary and secondary schools (particularly focusing on AI), including teaching basic AI knowledge, methods of data processing and interdisciplinary knowledge, so as to enhance students’ skills in AI, critical thinking and capacity for innovation, thereby meeting the demand for education, technology and talent arising from the GBA development?

    Reply:

    President,

    Solid promotion of education and technological development can provide and replenish talents and manpower for various trades and industries, boost socio-economic development, and render firm support for building an international hub for high-calibre talents. The 2024-2035 master plan on building China into a leading country in education, issued earlier by the nation, clearly proposes establishing an integrated co-ordinating mechanism for education, technology and talents, and strengthen the supporting role of education for science and talents. To this end, the Government has set up the Committee on Education, Technology and Talents, which is led by the Chief Secretary for Administration, to co-ordinate and drive the integrated development of education, technology and talents, expand connections, formulate policies to attract and cultivate talents, foster the development of technologies, and also promote Hong Kong as an international hub for high-calibre talents.

    The replies of the Education Bureau (EDB) and the Innovation, Technology and Industry Bureau to the Hon Rock Chen’s questions are as follows:

    (1) With an aim to enhance the innovation and technology (I&T) ecosystem and Hong Kong’s competitiveness on the I&T front in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the Government has been promoting collaboration among the Government, industry, academic and research sectors through various measures, and adopting a multi-pronged approach to support commercialisation of research and development (R&D) outcomes of tertiary institutions. For example, the $10 billion Research, Academic and Industry Sectors One-plus Scheme under the Innovation and Technology Fund (ITF) funds, on a matching basis, research teams from universities with good potential to become successful start-ups to transform and commercialise their R&D outcomes, while industry sponsorship is a mandatory requirement. Furthermore, the ITF will continue to provide annual funding to the Technology Transfer Office of each of the eight University Grants Committee (UGC)-funded universities, thereby supporting the development of innovative ideas and R&D outcomes into new products or services. The R&D centres set up by the Government have also been taking forward industry-driven applied R&D work that suits market needs and transferring technologies to the industries through contract researches, licensing arrangements, etc to commercialise their R&D outcomes. Meanwhile, the Government has facilitated the establishment of the Hong Kong New Industrialisation Development Alliance. The Alliance serves as a platform for collaboration among the Government, industry, academia, research and investment sectors, with a view to promoting new industrialisation and co-operation among enterprises and organisations.

    (2) To provide an alternative pathway to success for young people who aspire to pursue careers in professional skills sectors, the Government has been promoting the establishment of universities of applied sciences (UAS), and, in February 2024, promulgated the criteria for qualifying as UAS along with the relevant mechanisms. UAS provide vocational and professional education and training (VPET) programmes with an applied focus blending theory and practice, including applied degree programmes, and closely collaborate with professional skills sectors, incorporating substantial internship and work-based learning opportunities in other degree programmes to nurture students’ applied skills, demonstrating a clear division of labour with traditional academic research universities. The EDB announced in March and November 2024 respectively that Hong Kong Metropolitan University and Saint Francis University had been confirmed as the first two UAS in Hong Kong after undergoing stringent procedures and reviews.

    The Government proactively supports UAS to collaborate with industries and other stakeholders in accordance with the VPET development strategy of fostering industry-institution collaboration and diversified development to respond to the keen manpower needs of different sectors and nurture more professional talent with applied skills. In this connection, the Government has allocated $100 million to support UAS and VPET institutions to establish the Alliance of UAS (the Alliance) in November 2024. The Alliance has been actively engaging supporting organisations and stakeholders and has drawn up the future work plan and strategic direction, which include fostering collaboration and joint promotion efforts among member institutions and over 80 supporting organisations from different sectors, organising international conferences, and strengthening exchanges and co-operation with Mainland and overseas UAS. Amongst others, the Alliance has planned to visit VPET institutions in the GBA within the year to strengthen exchanges and co-operation. The EDB will continue to work closely with the Alliance to support its work.

    (3) Strengthening the nurturing of local I&T talents and fostering the deep integration of technology and industry are key factors in advancing the development of the artificial intelligence (AI) industry. Taking the opportunity of the triennial planning exercise for the UGC-funded universities, the Government set out strategic directions to guide the universities to align their planning with our nation’s and Hong Kong’s strategic development and policy priorities, including nurturing talents for growth, transformation and future challenges.

    With the advent of AI, innovative and breakthrough technology in the new era, the universities are encouraged to introduce appropriate teaching frameworks and new programmes to meet ever-changing societal needs and enhance support for academic staff and students. A number of UGC-funded universities have offered AI-related undergraduate programmes in the 2025-28 triennium in response to the strategic directions, for example, Bachelor of Science (Honours) in Artificial Intelligence and Educational Technology and Bachelor of Education (Honours) (Primary) – Mathematics of the Education University of Hong Kong, Bachelor of Engineering in Artificial Intelligence of the Hong Kong University of Science and Technology, and Bachelor of Arts and Bachelor of Engineering in Artificial Intelligence and Data Science of the University of Hong Kong.

    In addition, the Government has been developing the AI ecosystem on different fronts through various measures such as provision of infrastructure and computing power, promoting R&D and talent cultivation. The first-phase facility of Cyberport’s Artificial Intelligence Supercomputing Centre (AISC) commenced operation to meet the strong local demand and enhance Hong Kong’s R&D capabilities in various technological research and application fields. With a view to encouraging the industry to optimise the AISC’s computing resources, the Government launched the Artificial Intelligence Subsidy Scheme to subsidise local institutions, R&D centres and enterprises, etc to leverage the AISC’s computing power to achieve scientific breakthroughs and launch promotional and educational activities. As of April 2025, Cyberport has organised 35 promotional activities (including information seminars at local institutions), attracting over 6 500 participants. The Government is also nurturing local talents and gathering top-notch researchers from all around the world, through the AIR@InnoHK research cluster and its R&D laboratories focusing on AI and robotic technologies. To further promote the R&D and applications of AI in Hong Kong, the 2025-26 Budget announced the establishment of the Hong Kong Artificial Intelligence Research and Development Institute (AIRDI), which will spearhead and support Hong Kong’s innovative R&D and industry applications of AI, facilitating upstream R&D, midstream and downstream transformation of R&D outcomes, and expanding application scenarios. We expect the AIRDI will help pool talents in AI-related fields, promote R&D and extensive application of AI, and facilitate exchanges on AI between Hong Kong and the Mainland (including the GBA) as well as overseas countries and regions.

    The Finance Committee of the Legislative Council approved on May 9 a funding of $3 billion for the implementation of the Frontier Technology Research Support Scheme, with a view to attracting international top-notch talents in frontier technology areas such as AI to conduct research in Hong Kong, thereby expanding Hong Kong’s research capacity. The eligible applicant institutions for the Scheme are local universities funded by the UGC, and funding will be provided to the institutions concerned on a matching basis to encourage them to invest in research, promote cross-sector collaboration and enhance manpower training.

    (4) To align with the national strategy of building a leading country in education, keeping pace with global development trends, and nurturing talents for the advancement of I&T in Hong Kong, the EDB has been stepping up to promote STEAM (Science, Technology, Engineering, the Arts and Mathematics) education in primary and secondary schools, further promoting the digitalisation of education. Through a range of diversified strategies, including ongoing curriculum renewal, strengthening teacher training, providing resource support to schools, and enhancing collaboration with stakeholders, the EDB seeks to integrate digital technology into learning and teaching, enhance students’ creativity and problem-solving skills, and lay a solid foundation of talent for the future development of the country and society. Additionally, the EDB established the Steering Committee on Strategic Development of Digital Education in early 2025, making reference to the latest developments on the Mainland and relevant policies and experiences from other countries, to propose recommendations on the goals, strategies and future directions for the implementation of digital education in Hong Kong.

    Regarding curriculum renewal, the EDB launched the “Module on Artificial Intelligence for Junior Secondary Level” in the 2023/24 school year that covers topics such as AI basics and AI ethics. The EDB also launched the “Enriched Module on Coding Education for Upper Primary Level” to enhance computational thinking and creative thinking. At present, almost all publicly-funded primary and secondary schools have implemented enriched coding education and AI education at the upper primary and the junior secondary levels respectively. On the other hand, the newly introduced Primary Science and the updated Junior Secondary Science will be implemented starting from the 2025/26 and 2027/28 school years respectively. Both curricula emphasise inquiry-based learning and cross-disciplinary learning, with a view to cultivating students’ capabilities in innovation.

    As for teacher training, the EDB focuses on empowering teachers by helping them equipping with AI-related knowledge and teaching strategies. The EDB continuously organises training programmes on the aforementioned AI and coding education modules, covering fundamental AI theories, applied technologies, pedagogical practices, data security, and the use of generative AI in education. These training sessions are conducted in both online and face-to-face modes to broaden participation and coverage among teachers. Furthermore, the EDB promotes the application of AI in learning and teaching through an “AI+Subject” approach and provides relevant teacher training. Examples include the launch of the “AI for Science Education” programme in Junior Secondary Science, the integration of digital technologies (including AI elements) into mathematical modelling activities in Mathematics, and the incorporation of AI into learning and teaching activities in Visual Arts. These efforts aim to enhance teachers’ confidence and competence in utilising AI to assist teaching.

    The EDB also provides various resource support to schools. The EDB updated the “Information Literacy for Hong Kong Students” Learning Framework to strengthen data security and AI ethics education, and collaborated with the Hong Kong Police Force and the Journalism Education Foundation to launch teaching resources on cyber security and media and information literacy, to help students to develop critical thinking skills when using I&T. Moreover, the Quality Education Fund has allocated $500 million for the implementation of the e-Learning Ancillary Facilities Programme, supporting 22 projects related to AI, big data and education technology. These projects cover various subjects and deploy innovative technologies to enhance learning and teaching effectiveness. As at end-March 2025, around 400 schools and 31 000 students have participated in this programme. It is expected that the deliverables of the projects will be successively released starting from mid-2025 for subscriptions and use by all local schools.

    The EDB actively promotes collaboration and exchange by deepening partnerships with local, Mainland, and international stakeholders. The EDB works closely with tertiary institutions and I&T-related organisations to conduct various projects and activities, enabling school leaders and teachers to stay abreast of the latest developments in science and I&T. Examples include the “Exchange cum Training Programme for Hong Kong STEAM Education Leaders”, co-organised with the Teacher Education Centre under the United Nations Educational, Scientific and Cultural Organization, and the “Professional Development Programme on Innovation and Technology”, co-organised with Cyberport. In collaboration with Hong Kong Education City, the EDB is organising the “Digital Education Week” from June 30 to July 7 this year. Key events include the “Learning & Teaching Expo”, and the International Summit on the Use of AI in Learning and Teaching Languages and Other Subjects & Post-Summit Workshop Series jointly hosted with the Standing Committee on Language Education and Research and the Hong Kong Polytechnic University. The events will invite experts to share insights on I&T education (including the use of AI in teaching) to promote the integration of AI in education.

    The EDB will actively align with the competencies and skills required by national and global trends. In close collaboration with stakeholders from various sectors, the EDB aims to strengthen basic education in primary and secondary schools. To dovetail the integrated development of “education, science and technology, and talent” advocated by our country, the EDB is committed to nurturing the next generation of innovators in science and technology.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Thales awarded ATC modernization contract in Brazil by CISCEA and installs new radar station at Presidente Prudente airport, reinforcing Brazilian airspace safety and security

    Source: Thales Group

    Headline: Thales awarded ATC modernization contract in Brazil by CISCEA and installs new radar station at Presidente Prudente airport, reinforcing Brazilian airspace safety and security

    • The Commission for the Implementation of the Brazilian Airspace Control System (CISCEA), an entity of the Brazilian Air Force Airspace Control Department (DECEA), awards a modernization contract for 9 Primary and Secondary Surveillance Radars to Omnisys, a Thales company.
    • The recent deployment of a co-mounted Primary TRAC NG and Secondary RSM NG radar, at Presidente Prudente airport (São Paulo), marks the 133rd milestone of installed Thales ATC (Air Traffic Control) radars in Brazil, contributing to more than 80% of the country’s airspace security and safety.
    • Renowned for outstanding reliability, unmatched performance and the latest in digital innovations, Thales Primary and Secondary radars, play a vital role in air surveillance, maintaining constant awareness of aircraft position at all times.
    Co-mounted Primary TRAC NG and Secondary RSM NG radar installed at Presidente Prudente airport Copyright Omnisys, a Thales company” id=”image-4ce97681-063e-4b93-9446-2298ef4b4412″ data-id=”4ce97681-063e-4b93-9446-2298ef4b4412″ data-original=”https://cdn.uc.assets.prezly.com/4ce97681-063e-4b93-9446-2298ef4b4412/-/inline/no/345.jpg” data-mfp-src=”https://cdn.uc.assets.prezly.com/4ce97681-063e-4b93-9446-2298ef4b4412/-/format/auto/” alt=”Co-mounted Primary TRAC NG and Secondary RSM NG radar installed at Presidente Prudente airport Copyright Omnisys, a Thales company”/>
    Co-mounted Primary TRAC NG and Secondary RSM NG radar installed at Presidente Prudente airport Copyright Omnisys, a Thales company

    Thales announces the signature of a modernization contract for nine air traffic control radar systems awarded to Omnisys, a Thales company in Brazil and Strategic Defence Company (EED), as well as the delivery of a new radar station at Presidente Prudente (São Paulo State) which represents the milestone of 133 Thales air traffic control radars operating within Brazilian airspace.

    The modernization of these nine radars includes upgrades with advanced technology capable of 3D detection of both low- and high-speed targets. It also features integration between Mode S1 and the ADS-B system, enabling greater precision in identifying cooperative and non-cooperative aircrafts. The update includes electronic protection features to ensure effective operation, even in the presence of electromagnetic interference, guaranteeing continuous and reliable surveillance.

    Certified by the Brazilian Ministry of Defence, as a Strategic Defence Product (PED) and manufactured at Omnisys headquarters near São Paulo, the new co-mounted Primary TRAC NG and Secondary RSM NG Surveillance Radar is installed at Presidente Prudente airport (São Paulo), and provisioned for future IFF (Identification, Friend or Foe) implementation. The launch of this radar station is part of the broader strategy to keep Brazilian skies increasingly secure.

    The radar station will expand air traffic surveillance capabilities, significantly improving safety and operational efficiency at Presidente Prudente Airport — the third busiest airport in the interior of the state of São Paulo.

    “This initiative represents a strategic step in renewing Brazil’s radar network, ensuring greater operational reliability and alignment with current air traffic control demands,” says Air Lieutenant Brigadier Maurício Augusto Silveira de Medeiros, General Director of DECEA. “DECEA is proud of the significant operational advancements and efficiency level achieved at the Brazilian airspace control system, recognized as a worldwide reference. Thales, thanks to its cutting-edge solutions and commitment to localization, is a major partner of the Brazilian Air Force. We highly value this partnership and look forward to continued collaboration to further enhance our capabilities.”

    “With 133 radars for Air Traffic Control and Management produced and delivered in Brazil, Thales confirms its commitment to deliver the best in technology, contributing to the security of Brazilian airspace. Local production not only reinforces, but also highlights our dedication to innovate in order to meet the specific needs of our customers. The modernization contract is key to maintaining the installed base of radars at the highest level of technology, as well as ensuring high operational reliability. We are committed to developing technology that addresses both current and future challenges of national airspace and security”, adds Eric HUBER, Vice President Surface Radars, Thales.

    1a secondary surveillance and communication standard which supports Air Traffic Control (ATC)

    MIL OSI Economics –

  • MIL-OSI Economics: Survey of market expectations 5-7 May 2025

    Source: Central Bank of Iceland

    The Central Bank of Iceland conducted a survey of market agents’ expectations over the period from 5 through 7 May 2025. A total of 39 agents in the bond market, including banks, pension funds, mutual and investment funds, securities brokers, licensed asset management firms, and insurance firms were invited to participate. Responses were received from 25 market participants, giving a response ratio of 64%.

    MIL OSI Economics –

  • MIL-OSI New Zealand: Alternative Budget – Green’s Budget Gets Thumbs Up from Tax Reform Group

    Source: Better Taxes for a Better Future Campaign

    The Better Taxes for a Better Future Campaign welcomes the Green Party’s alternative budget released today, for recognising the need to grow revenue and ensuring that those who can afford it get to contribute more.

    “The Green Budget recognises that we face enormous challenges as a country and we need to fund government better in order to respond to them,” says Glenn Barclay, spokesperson for the Better Taxes Campaign.

    “They also promote a range of new taxes that will help ensure that we all contribute according to our ability to pay.”

    “When compared to other countries like Denmark, Germany, Austria and France we are a low tax country. At the same time we face growing inequality, an enormous infrastructure deficit, the challenges of climate change, health services that are in crisis and public services that are struggling to cope. The need to increase government revenue is urgent,” says Glenn Barclay.

    The Green’s proposals include a wealth tax, a more progressive income tax (including a tax free threshold), reversing interest deductibility for rental properties, and raising the tax on corporations.  The Green Budget stops short of introducing a full capital gains tax but restores the Bright Line Test for taxing the capital gains on housing to 10 years.

    “These changes are important steps towards a more progressive tax system. They would help address the sources of inequality in our tax system while raising more revenue,” says Glenn Barclay.

    “The lack of a full capital gains tax is interesting and we would like to better understand the rationale for this, but we do welcome the restoration of the Bright Line Test as a step in the right direction.”

    “In many ways we are outliers when you look at countries we like to compare ourselves to and most of these initiatives will just bring us into line with them”.

    “We would also encourage all parties to consider tax system reforms to ensure that multinational companies operating in New Zealand are not escaping paying tax and improve tax transparency for more effective and efficient revenue gathering.”

    The Better taxes for a Better Future Campaign was launched in June 2023 with the support of 21 partner organisations. It is seeking a tax system that:

    Is fully transparent.
    Ensures people who have more to contribute make that contribution: that we gather more revenue from wealth, gains from wealth, all forms of income, and corporates.
    Makes greater use of fair taxes to promote good health and environmental health.
    Addresses the tax impact on the least well-off in our society.
    Raises more revenue to enable us to address the social, economic and environmental challenges we face.

    MIL OSI New Zealand News –