NewzIntel.com

Category: Business

  • MIL-OSI China: China’s financial salvo gains speed to shore up economic growth

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

    China’s stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world’s second-largest economy weather persistent global uncertainty.

    In 2025, the country pledged to intensify counter-cyclical adjustments, raising the deficit-to-GDP ratio to 4 percent and setting the government deficit at 5.66 trillion yuan (about 786 billion U.S. dollars), both at their highest levels in recent years.

    While vowing a more proactive fiscal policy, China plans to issue 1.3 trillion yuan in ultra-long special treasury bonds, up from 1 trillion yuan in 2024, alongside 4.4 trillion yuan in local government special-purpose bonds.

    Data points to an accelerated roll-out of bond issuance. In the first quarter alone, the total issuance of government treasury bonds surpassed 3.3 trillion yuan, while local government bond issuance exceeded 2.8 trillion yuan, an over 80 percent increase from the same period last year.

    These funds are swiftly being channeled into efforts to boost consumer demand, accelerate infrastructure investment, and subsidize people in difficulties. Economists said this front-loaded fiscal drive reinforces short-term stability and leaves ample leeway for further issuance of ultra-long treasury bonds and capital support measures for banks later in the year.

    Stimulating domestic demand

    In Guiyang, capital city of southwest China’s Guizhou Province, an electric bicycle shop draws a steady stream of customers. The surge in foot traffic, according to store owner Zhou Houlu, is largely thanks to a government-backed trade-in program that offers subsidies to buyers who hand in their used bikes.

    “On top of the government subsidies, customers can get discounts depending on the condition of the old bikes,” Zhou explained. Since the program’s launch, his store’s sales have jumped by roughly 15 percent year on year.

    Across China, tens of millions of consumers are tapping into this multi-billion-dollar trade-in program, as the government places renewed emphasis on consumer spending and domestic demand.

    To support the program, the government funding for the national consumer goods trade-in program has doubled, from 150 billion yuan in 2024 to 300 billion yuan this year, delivered through ultra-long special treasury bonds.

    So far, the efforts have been translating into robust domestic demand. As of April 25, more than 120 million consumers had received subsidies under the program, driving sales exceeding 720 billion yuan. Retail sales of consumer goods, a key barometer of economic strength, rose 4.6 percent year on year in January-March, with the figure in March recording the strongest single-month growth since 2024.

    With 300 billion yuan in ultra-long treasury bonds providing a solid financial backbone, combined with supportive opening-up policies, the 2025 trade-in program is poised to anchor the sustained recovery of China’s consumer market, said Peng Yu, chief operating officer at Beijing Zitan Dongjian Data.

    Expanding effective investment

    Ramped-up financial support has also been directed toward local governments, enabling them to advance major infrastructure projects vital for sustaining investment momentum.

    The construction of a major transport hub in Zhanjiang, a coastal city in south China’s Guangdong Province, is progressing at full speed. The project is a key component of the Guangzhou-Zhanjiang High-Speed Railway, which is set to become the province’s longest rail line and a key connector within the Guangdong-Hong Kong-Macao Greater Bay Area.

    “In the first quarter, our project received 1.497 billion yuan in local government special-purpose bonds, which has been instrumental in keeping construction on track,” said the project manager.

    This project exemplifies China’s expedited drive to direct local bond financing into effective investment. In the first three months of the year, the country’s local governments issued new bonds worth nearly 1.24 trillion yuan, including some 960.3 billion yuan in special-purpose bonds.

    Aside from more expansionary fiscal spending, local governments have been granted more flexibility in channeling their special-purpose bonds toward project categories, an effort to enhance investment efficiency and regional responsiveness.

    Results suggest that the policy shift has gained traction. Fixed-asset investment went up 4.2 percent year on year in the first quarter, 1 percentage point higher than the full-year growth rate of 2024. Infrastructure investment jumped 5.8 percent year on year in the January-March period, up 1.4 percentage points from last year.

    Analysts expect bond issuance to accelerate further in the second quarter, with the scale of new special-purpose bonds likely to expand.

    Feng Lin, senior analyst at Dongfang Jincheng, said the bond supply may exceed expectations in the second quarter, as the government looks to offset external challenges through fiscal expansion. “The faster pace of issuance enhances counter-cyclical adjustment and creates space for future policy maneuvering,” Feng noted. 

    MIL OSI China News –

  • MIL-OSI China: ‘Green-collar’ workers on the rise amid China’s green development quest

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

    On Changxing Island in east China’s Shanghai, a fisheries company operates bustling cold storage facilities to keep seafood fresh, while a nearby energy storage power station plays a crucial role in managing electricity costs.

    This energy storage system stores electricity during off-peak hours when rates are lower, and discharges during peak hours when prices rise, thereby helping the fisheries company reduce energy expenses.

    Wu Xiaochun patrols the power station to ensure the facilities run safely and efficiently. His role, energy storage power station maintenance administrator, is one of 19 new professions added to China’s list of officially recognized occupations in July 2024. Playfully, he refers to himself as a “green-collar” worker.

    As China pushes forward with its green transition, a wave of low-carbon industries has emerged, driving a surge in demand for “green-collar” workers.

    To date, the Ministry of Human Resources and Social Security has officially recognized 137 green professions. Notably, by the end of 2024, the number of practitioners in the ecological and environmental protection sector in China had exceeded 3.4 million.

    Many graduates are now choosing careers in green industries, such as environmental engineers, environmental, social and governance (ESG) consultants, renewable energy engineers, and environmental policy analysts, according to Yu Aitao from the School of Environmental Science and Engineering at Shanghai Jiao Tong University.

    “Students are drawn to these professions out of personal interests as well as by promising development potential supported by the country’s favorable policies,” Yu said.

    After graduation, Qin Jiawei, a young professional in his twenties, took up a position as a carbon capture technician at a power station on Changxing Island.

    In 2023, the station launched a 100,000-tonne carbon capture, utilization and storage project, aiming to capture the carbon dioxide (CO2) emitted by the plant and supply it to local marine equipment manufacturers.

    Qin is among 22 professionals, with an average age of 25, employed by the station to support the project’s operation. “As we plan to expand the project, the demand for skilled workers will continue to grow,” said Shen Hao, general manager of the power station.

    To meet the growing need for a green workforce, many colleges and universities have ramped up efforts to cultivate suitable professionals. Xu Juan, vice dean of the School of Ecological and Environmental Science at East China Normal University, said green talent is increasingly equipped with interdisciplinary skills — spanning fields including science and engineering, finance and management.

    In a laboratory at the College of Civil Engineering of Tongji University, professor Zhang Fengshou leads a team researching the potential of CO2 sequestration using basalt from the sea.

    “Civil engineering is not just about building roads and houses as it is generally perceived. We can also cultivate students with expertise in the low-carbon sector,” Zhang said.

    To better nurture green talent, Xu highlighted the need to establish academic programs focused on green and low-carbon development, such as carbon neutrality and green finance, as well as offering dual-degree programs and interdisciplinary courses to enhance students’ comprehensive abilities.

    Industry insiders have also pointed out that, compared with traditional occupations, emerging green professions still need improved occupational standards and certification systems.

    “The establishment of new green jobs is just the beginning,” said Lei Ting from State Grid Shanghai Municipal Electric Power Company, calling for joint efforts by government and enterprises to regulate such practitioners’ qualifications, guide vocational training, and boost employment and entrepreneurship.

    MIL OSI China News –

  • MIL-OSI Economics: Money Market Operations as on May 02, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 8,819.35 5.80 5.00-6.10
         I. Call Money 3,119.40 5.70 5.25-5.95
         II. Triparty Repo 4,029.95 5.81 5.00-5.95
         III. Market Repo 41.00 5.60 5.60-5.60
         IV. Repo in Corporate Bond 1,629.00 5.97 5.95-6.10
    B. Term Segment      
         I. Notice Money** 14,868.63 5.90 4.95-6.00
         II. Term Money@@ 649.00 – 5.80-6.20
         III. Triparty Repo 3,97,700.45 5.77 5.70-6.00
         IV. Market Repo 2,00,460.38 5.80 0.01-6.25
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 02/05/2025 3 Mon, 05/05/2025 6,231.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 02/05/2025 1 Sat, 03/05/2025 513.00 6.25
      Fri, 02/05/2025 2 Sun, 04/05/2025 0.00 6.25
      Fri, 02/05/2025 3 Mon, 05/05/2025 55.00 6.25
    4. SDFΔ# Fri, 02/05/2025 1 Sat, 03/05/2025 1,92,051.00 5.75
      Fri, 02/05/2025 2 Sun, 04/05/2025 0.00 5.75
      Fri, 02/05/2025 3 Mon, 05/05/2025 7,984.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,93,087.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,479.16  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     35,210.16  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,57,876.84  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 02, 2025 9,40,028.46  
         (ii) Average daily cash reserve requirement for the fortnight ending May 02, 2025 9,51,938.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 02, 2025 6,380.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/249

    MIL OSI Economics –

  • MIL-Evening Report: Thought the election campaign was boring? Maybe you’re just not on TikTok

    Source: The Conversation (Au and NZ) – By Susan Grantham, Lecturer in Communication, Griffith University

    This year’s election campaign marked a turning point in Australian politics. TikTok has emerged not just as another tool, but as a main battleground.

    Although it played a part in the 2022 election, this was the first time the two major parties and the Greens embraced short-form video as a serious campaign strategy.

    These videos may seem silly or nonsensical, but for many Gen Z voters, they may have been the only political messages they encountered in the entire five-week campaign. Given the dominance of Gen Z and Millennial voters, social media videos are increasingly important.

    A blend of trends, podcasts and thirst traps

    The Australian Labor Party’s campaign leaned heavily into TikTok culture, crafting a multi-pronged strategy to reach younger voters where they scroll. This included meme engagement like this absurdist #italianbrainrot trend.

    #brainrot refers to deliberately absurd, low-effort videos that thrive on chaos and nonsensical repetition.

    It’s an existing TikTok trend that started in early 2025 and is designed to capture attention in an oversaturated feed. In other words, don’t try to understand, just watch and enjoy.

    Another standout is a now-viral video of Prime Minister Anthony Albanese edited with the stylistic flair typical of TikTok “thirst trap” content. The editing style and music choice are both characteristic of this sub-genre of video designed to make the subject appear attractive.

    It walked a fine line between irony and sincerity: an intentional nod to the platform’s unique language and humour. While some lapped it up as clever, others question whether such tactics undermine the seriousness of politics.

    Labor also heavily invested in podcasting, with Albanese appearing on youth-oriented shows with the likes of Abbie Chatfield and Ozzy Man. These long-form interviews were mostly promoted by the podcasters themselves, which was a clever use of their existing audiences. It contributed to a strategy that prioritised personality as much as policy.

    Combined with a coordinated influencer outreach, including briefings with popular creators, Labor’s campaign showed a keen understanding of the algorithmic economy. Whether it was cringey or clever, it was undeniably calculated.

    Trendsetters with turbulence

    The Liberal Party started its TikTok campaigning back in December 2024. These early videos, many AI-generated, saw remarkable traction. The highest-viewed video, an AI voice-change take on a scene from “The Grinch”, has been viewed 2.8 million times.

    Then came “Tim Cheese”, a trending fictional character they used to blur the lines in political storytelling. A “bad guy”, Tim Cheese was used by the Liberals to highlight that the known bad guys aren’t always bad.

    One standout video was the introduction of “Cheesy Albanese”, which merged political satire with platform-native humour that resonated with the audience.

    The Liberals also tapped into trending sounds and aesthetics such as #brainrot and #italianbrainrot. In fairness, they were the first to use it before the official campaign started.

    But with any innovative campaign comes risk.

    A notable misstep was the repurposing of influencer content, including that of Holly MacAlpine.

    Topham Guerin, the strategy company behind the campaign, has a reputation for provocative approaches that can come close to, but don’t actually break, the law. However, this use of content did wear thin for some followers, sparking early signs of disengagement.

    The campaign’s second major stumble came on election day.

    US-based TikTok creator Ray William Johnson, who has more than 18.5 million followers, called out the Liberals for blocking his account when they clearly used his video and animation style.

    Johnson said he had no issue with the mimicry, but the party’s pre-emptive blocking of him fuelled backlash. His response video, now seen more than 12 million times, ends with a blunt directive: “I hope everyone goes out and votes for the other guy.”

    It was a viral moment that undid much of the earlier momentum, and demonstrates the high stakes of campaigning in the age of creator culture.

    Despite a clever response video from the Liberals, it was overshadowed by the sheer scale of the backlash.

    With these lows there was still highs, including a highly effective and trending video game that saw players “Escape Albo”.

    The Liberals were early trendsetters, creating boundary-pushing content for all users, even those without strong political views. They experimented with styles that went on to be mimicked, particularly with Labor’s #brainrot-inspired content.

    Greens go from giant toothbrushes to DJ sets

    In a bid to connect with the gaming community, Tasmanian Senator Nick McKim took to livestreaming sessions of the popular game Fortnite. Donning comfortable clothes and a headset, McKim engaged viewers with gaming lingo and humour, aiming to make politics more relatable to younger audiences.

    These videos were a huge success, with this one being viewed 1.4 million times.

    A central feature of the Greens social media campaign was the deployment of a giant toothbrush prop, symbolising the party’s commitment to integrating dental care into Medicare. It featured across various platforms and was a nice link to events in Brisbane and Melbourne.

    These events featured the support of big-name influencers and prompted spinoff videos launching Greens Leader Adam Bandt’s DJ career.

    But despite the flashy props, influencer cameos and party vibes, the Greens’ campaign often felt more like a collection of stunts than a cohesive digital strategy: memorable in moments, but ultimately lacking impact.

    Did it make any difference?

    While many labelled the 2025 election dull, the TikTok campaign told a different story. It was unpredictable, occasionally “cringe”, but deeply entertaining.

    It’s too soon to know if any of this shifted votes or even opinions. Party officials, campaign strategists and academics will all be watching closely to find out.

    While social media is ubiquitous in our lives, using it to campaign is still relatively new in our political history. There are no best-practice guidelines or proven approaches. Of all this content thrown at the wall, it will be fascinating to see what sticks.

    But to the millions of Australians on TikTok, politics has never looked or sounded quite like it did in 2025.

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

    – ref. Thought the election campaign was boring? Maybe you’re just not on TikTok – https://theconversation.com/thought-the-election-campaign-was-boring-maybe-youre-just-not-on-tiktok-255847

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Xi Jinping: A visionary architect of world peace and development

    Source: China State Council Information Office

    Chinese President Xi Jinping watches the military parade during the commemoration activities to mark the 70th anniversary of the victory of the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War, in Beijing, capital of China, Sept. 3, 2015. (Xinhua/Lan Hongguang)

    In the stately Conference Building at the United Nations Headquarters in New York City, a 65-inch-tall resplendent bronze vessel gleams under soft light, its cloisonne enamel blazing in vibrant Chinese red.

    The “Zun of Peace,” presented by Chinese President Xi Jinping in September 2015 as a special gift for the United Nations’ 70th anniversary, is not merely a delicate artifact. It embodies the aspiration and conviction of the Chinese people to seek peace, development, cooperation and win-win outcomes, Xi said at its unveiling.

    A decade later, as the top Chinese leader travels to Moscow to celebrate the 80th anniversary of victory in the Great Patriotic War, his presence both carries the weight of history and reaffirms a vision of the future.

    Leading a nation always aspiring for peace and harmony in its long history and further strengthened by its battles against militarism, imperialism and fascism in its recent past, Xi commands a unique insight into the value of peace, and has steadfastly championed the building of a peaceful world, a cause of great urgency given the tensions and conflicts on the global landscape today.

    Chinese President Xi Jinping (R) attends a presentation ceremony on which the Chinese government gives the “Zun of Peace” to the United Nations as a gift in New York, the United States, Sept. 27, 2015. (Xinhua/Li Tao)

    ASPIRATION FOR PEACE

    Xi sees history as a mirror from which humanity should draw lessons to avoid repeating past calamities.

    This year marks the 80th anniversary of victory in what is commonly known in China as the World Anti-Fascist War or, more globally, as World War II. Almost every part of the world was involved, and more than 100 million were killed or wounded in what was described as the most destructive conflict in human history.

    The bravery and tremendous sacrifice of the Chinese people played a decisive role in defeating Fascist Japan and offered strategic support to the Allies on the European and Pacific battlefields.

    “History has told us to stay on high alert against war, which, like a demon and nightmare, would bring disaster and pain to the people,” Xi once said. “History has also told us to preserve peace with great care, as peace, like air and sunshine, is hardly noticed when people are benefiting from it, but none of us can live without it.”

    This historical observation features prominently in Xi’s unrelenting pursuit of peace. He has repeatedly reiterated China’s commitment to peaceful development, pledging that China will never seek hegemony, expansion or any sphere of influence, no matter how strong it may grow.

    During a 2014 visit to France, Xi reshaped Napoleon’s metaphor of China as a “sleeping lion” that would shake the world upon awakening. “Now China the lion has awakened. But it is a peaceful, amicable and civilized lion,” Xi said when illustrating the peaceful dimension of the Chinese Dream.

    Xi’s philosophy stems from the millennia-old Chinese culture. An avid reader of traditional Chinese classics, he once expounded how ancient Chinese wisdom views war and peace by quoting “The Art of War,” a Chinese classic written more than 2,000 years ago.

    The book’s key message “is that every effort should be made to prevent a war and great caution must be exercised when it comes to fighting a war,” Xi said when delivering a keynote speech in the UN Office at Geneva in 2017.

    Xi’s view on prudence in warfare is also reflected in his exchanges with foreign leaders and officials.

    “It has long been known that the real experts on military affairs do not want to employ military means to solve issues,” he quoted a Chinese aphorism when meeting with then U.S. Secretary of Defense James Mattis in Beijing in 2018.

    Chinese President Xi Jinping straightens the ribbon on a flower basket during a ceremony to present flower baskets to fallen heroes at Tian’anmen Square in Beijing, capital of China, Sept. 30, 2024. (Xinhua/Wang Ye)

    A clear manifestation of Xi’s reflection is to cherish history and honor heroes. “A nation of hope cannot be without heroes,” Xi once said. Every year since 2014, Xi has paid tribute to China’s fallen heroes on Martyrs’ Day, which falls on Sept. 30, a day ahead of the country’s National Day.

    In 2015, when China celebrated the 70th anniversary of its victory in World War II, Xi presented medals to Chinese veterans and representatives from Russia and other countries who assisted Chinese soldiers on the battlefields.

    Nikolai Chuikov, the grandson of Soviet General Marshal Vasily Chuikov, was among those who received a peace medal from Xi. “Of all the honors I have won, I hold the highest regard for the peace medal,” he said.

    Chinese President Xi Jinping (R, front) shakes hands with a Russian veteran in Moscow, Russia, on May 8, 2015. (Xinhua/Zhang Duo) 

    TORCH OF MULTILATERALISM

    Under Xi’s leadership, China has adhered to an independent foreign policy of peace, played an active role in UN peacekeeping missions, and solidified its friendships and partnerships with countries worldwide.

    As hegemonism and protectionism once again rear their ugly heads, the world is gripped by an increasingly intricate array of challenges and uncertainties. In Xi’s eyes, the only way out is to practice true multilateralism. He once compared multilateralism to a torch that can light up humanity’s way forward.

    The Chinese president has consistently urged the international community to safeguard the UN-centered international system forged in the aftermath of World War II and anchored by international law.

    “We must promote multilateralism, the core essence of which is that international affairs should be decided through consultation among all countries, rather than by one country or a few countries,” he said.

    This photo taken on Jan. 2, 2025 shows the 46th fleet of the Chinese People’s Liberation Army Navy during a counter-terrorism and anti-piracy exercise.The fleet traveled over 160,000 nautical miles during its 339-day voyage, escorting ships during missions in the Gulf of Aden and the waters off Somalia. (Xinhua/Zhang Dayu)

    Xi, a staunch champion of true multilateralism, has guided China over the years in taking a proactive and constructive role in addressing regional and global hot-button issues.

    To end the Ukraine crisis at an early date, Xi has put forward a four-point proposal, emphasizing that the sovereignty and territorial integrity of all countries should be respected; the purposes and principles of the UN Charter observed; the legitimate security concerns of all countries given due regard; and all efforts conducive to the peaceful settlement of the crisis supported.

    Under Xi’s leadership, China has conducted shuttle diplomacy and mediation efforts to promote peace talks and initiated the “Friends of Peace” group with Brazil and other Global South countries on the Ukraine crisis at the United Nations.

    Regarding the Middle East, the Chinese president has promoted peace and stability in the volatile region. With China’s mediation, Saudi Arabia and Iran agreed in March 2023 to restore diplomatic relations after a seven-year hiatus. In the lead-up to the negotiations, Xi talked separately with the leaders of both countries.

    During a phone call with Xi soon after the breakthrough was achieved, Saudi Crown Prince and Prime Minister Mohammed bin Salman Al Saud applauded China’s increasingly important and constructive role in regional and international affairs.

    In face of the gathering gloom of conflict on the horizon, Xi has championed a transformative approach to collective security. In May 2014, he articulated a vision of common, comprehensive, cooperative and sustainable security for Asia. Eight years later, he presented the Global Security Initiative to the world.

    “We, as humanity, are living in an indivisible security community,” he said, advocating dialogue over confrontation, partnership over alliance, and win-win outcomes over zero-sum approaches.

    “GOLDEN KEY” OF DEVELOPMENT

    Lasting world peace remains one of humanity’s greatest aspirations. For Xi, peace and development are inseparable. He once observed that the tree of peace does not grow on barren land, and the fruit of development is not produced amid flames of war.

    In view of the interlocked relations, Xi insists that the “golden key” to a secure and stable future is to advance sustainable development.

    Since assuming China’s presidency, Xi has positioned development as a pillar of his vision of building a better future for humankind. The initiatives he has proposed in this regard, notably the Belt and Road Initiative and the Global Development Initiative, serve as bridges to foster common development through broader collaboration.

    China has provided development aid to over 160 countries, and Belt and Road cooperation has involved more than 150 countries. Under the Global Development Initiative, China has mobilized nearly 20 billion U.S. dollars of development funds and launched more than 1,100 projects, fueling growth and modernization drives in many countries, particularly developing ones.

    An aerial drone photo taken on March 4, 2024 shows trains running on the Lagos Rail Mass Transit Blue Line in Lagos, Nigeria. Undertaken by China Civil Engineering Construction Corporation in July 2010 and completed in Dec. 2022, the first phase of the Lagos Rail Mass Transit Blue Line corridor spans 13 km and covers five stations. (Xinhua/Han Xu)

    “China is sharing its development experience with other countries through its development initiatives, which have helped to promote common development,” said Straton Habyarimana, a Rwandan economic analyst.

    “Since these initiatives are people-centered, they address key challenges such as food insecurity and poverty” and have helped ease tensions among countries, he added.

    UPDATE OF WORLD ORDER

    Nestled by the Huangpu River in Shanghai, the New Development Bank was founded by five BRICS countries in 2014 to provide financing support for member countries to bolster transport infrastructure, clean energy and digital infrastructure.

    When Xi visited the bank a few days ago, he saw more than a mere financial institution. He described it as a “pioneering initiative for the unity and self-improvement of the Global South,” underscoring an enduring commitment to building a more just and equitable international order.

    This aerial photo taken on June 17, 2022 shows the headquarters building of the New Development Bank in east China’s Shanghai. (Xinhua/Fang Zhe)

    BRICS countries stand at the forefront of the Global South. Xi has personally pushed for the BRICS’ historic expansion in 2023 to create stronger unity among the Global South. The expansion, he said, would further strengthen the forces for world peace and development.

    Developing countries remain underrepresented in the global governance system, which the West has long dominated. China maintains that only when the rise of emerging markets and developing countries is reflected in the global governance system will global development be more balanced and global peace more firmly based.

    During the 2022 Group of 20 Summit in Bali, Indonesia, Xi vocally supported the African Union in joining the leading multilateral mechanism, making China the earliest and most vocal champion for amplifying Africa’s voice in global governance.

    Chinese President Xi Jinping walks to the venue of the 17th summit of the Group of 20 in Bali, Indonesia, Nov. 15, 2022. (Xinhua/Ju Peng)

    In recent years, Xi has proposed the Belt and Road Initiative, the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative as key global public goods to create a more just and equitable global governance system.

    Former UN Secretary-General Ban Ki-moon, who received the “Zun of Peace” from the Chinese president on behalf of the United Nations 10 years ago, said China’s initiatives to promote global peace and development are inseparable from Xi’s foresight.

    “China is playing an increasingly important role on the world stage, and Xi has demonstrated proactive and crucial leadership,” Ban said. “He always believes that China can only do well when the world is doing well, and when China does well, the world will get even better.”

    In Xi’s own words, “every increase of China’s strength is an increase of the prospects of world peace.”

    MIL OSI China News –

  • MIL-OSI: Bitget Amplifies Global Leadership and Community Impact with Strong Presence at TOKEN2049 Dubai

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 05, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has wrapped up an impactful and illuminating week at TOKEN2049. As a Gold Sponsor, Bitget marked its presence through headline participation, strategic dialogue, and community-focused activations, engaging with key industry leaders, partners, and thousands of attendees from around the world.

    Gracy Chen, CEO of Bitget, delivered a keynote address on Day One of the conference, highlighting how the exchange has continued to scale in a challenging economic environment. She pointed to the strong performance of Bitget’s native token, BGB, which has seen significant growth in both market cap and user adoption in 2025. Her remarks focused on how Bitget continues to operate with agility in volatile conditions, translating uncertainty into momentum and using market shifts as a springboard for innovation. The session offered attendees practical insight into Bitget’s approach to sustained scaling in a fast-evolving space.

    At the Bitget booth, multiple KOLs, affiliates and partners of Bitget showed up to provide support, along with UCLA Professor Alex Nascimento’s Book on Blockchain and STOs mentioning Bitget’s growth being featured for exclusive signing.

    Bitget also hosted Cryptoverse Dream Night on April 30, an invite-only side event presented in collaboration with 1inch and backed by Morph. The event brought together over 400 attendees from across the ecosystem for an evening of curated experiences, live entertainment, and high-value networking.

    Following the conclusion of TOKEN2049, Bitget CEO Gracy Chen participated in the Hack Seasons Conference 2025 in Dubai. During the Exchanges Panel, she joined industry leaders to discuss the evolving landscape of digital asset trading platforms. Gracy shared insights into Bitget’s strategic initiatives, emphasizing the integration of centralized and decentralized finance, and the company’s commitment to advancing Web3 infrastructure. Her contributions highlighted Bitget’s role in shaping the future of the crypto industry and fostering innovation in the digital economy.

    “Our involvement in Token2049 was not just about visibility,” said Gracy. “It was about being where the real conversations are happening — with builders, users, and investors who are shaping the direction of the crypto ecosystem. Events like this are essential to turning ideas into action.”

    Bitget’s TOKEN2049 presence follows a series of milestones in 2025, including a 20% increase in total user base to over 120 million users, a spot trading volume surge of 159% QoQ to $387 billion and its inclusion in Forbes’ Top Trusted Crypto Exchange list. As Bitget continues to expand its global footprint and advance its vision for the future of crypto, it remains focused on delivering accessible, secure, and user-driven solutions that meet the evolving needs of traders and the broader Web3 community.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 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/49fedce9-c33a-47e3-8fb5-69e28f4b2374
    https://www.globenewswire.com/NewsRoom/AttachmentNg/128b25bd-5b17-4d2c-ab16-4f2c77a4337b
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d653aaa6-3e4d-4f91-aa27-fa92648999ed
    https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0a19bd-7a95-459f-bf1a-bdc20fcfd4a2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/18a37dc7-ef60-4a73-acf2-a111f121562a
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2093e01c-1a83-4334-8f2b-8b8ca58333bf

    The MIL Network –

  • MIL-Evening Report: Trump’s push on deep sea mining leaves Nauru’s commercial ambitions ‘out in cold’

    By Teuila Fuatai, RNZ Pacific senior journalist

    Nauru’s ambition to commercially mine the seabed is likely at risk following President Donald Trump’s executive order last month aimed at fast-tracking ocean mining, anti-deep sea mining advocates warn.

    The order also increases instability in the Pacific region because it effectively circumvents long-standing international sea laws and processes by providing an alternative path to mine the seabed, advocates say.

    Titled Unleashing America’s Offshore Critical Minerals and Resources, the order was signed by Trump on April 25. It directs the US science and environmental agency to expedite permits for companies to mine the ocean floor in US and international waters.

    It has been condemned by legal and environmental experts around the world, particularly after Canadian mining group The Metals Company announced last Tuesday it had applied to commercially mine in international waters through the US process.

    The Metals Company has so far been unsuccessful in gaining a commercial mining licence through the International Seabed Authority (ISA).

    Currently, the largest area in international waters being explored for commercial deep sea mining is the Clarion-Clipperton Zone, located in the central Pacific Ocean. The vast area sits between Hawai’i, Kiribati and Mexico, and spans 4.5 million sq km.

    The area is of high commercial interest because it has an abundance of polymetallic nodules that contain valuable metals like cobalt, nickel, manganese and copper, which are used to make products such as smartphones and electric batteries. The minerals are also used in weapons manufacturing.

    Benefits ‘for humankind as a whole’
    Under the UN Convention on the Law of the Sea (UNCLOS), the Clarion-Clipperton Zone falls under the jurisdiction of the ISA, which was established in 1994. That legislation states that any benefits from minerals extracted in its jurisdiction must be for “humankind as a whole”.

    Nauru — alongside Tonga, Kiribati and the Cook Islands — has interests in the Clarion-Clipperton Zone after being allocated blocks of the area through UNCLOS. They are known as sponsor states.

    In total, there are 19 sponsor states in the Clarion-Clipperton Zone.

    Nauru is leading the charge for deep sea mining in international waters. Image: RNZ Pacific/Caleb Fotheringham

    Nauru and The Metals Company
     Since 2011, Nauru has partnered with The Metals Company to explore and assess its block in the Clarion-Clipperton Zone for commercial mining activity.

    It has done this through an ISA exploration licence.

    At the same time, the ISA, which counts all Pacific nations among its 169-strong membership, has also been developing a commercial mining code. That process began in 2014 and is ongoing.

    The process has been criticised by The Metals Company as effectively blocking it and Nauru’s commercial mining interests.

    Both have sought to advance their respective interests in different ways.

    In 2021, Nauru took the unprecedented step of utilising a “two-year” notification period to initiate an exploitation licencing process under the ISA, even though a commercial seabed mining code was still being developed.

    An ISA commercial mining code, once finalised, is expected to provide the legal and technical regulations for exploitation of the seabed.

    In the absence of a code
    However, according to international law, in the absence of a code, should a plan for exploitation be submitted to the ISA, the body is required to provisionally accept it within two years of its submission.

    While Nauru ultimately delayed enforcing the two-year rule, it remains the only state to ever invoke it under the ISA. It has also stated that it is “comfortable with being a leader on these issues”.

    To date, the ISA has not issued a licence for exploitation of the seabed.

    Meanwhile, The Metals Company has emphasised the economic potential of deep sea mining and its readiness to begin commercial activities. It has also highlighted the potential value of minerals sitting on the seabed in Nauru’s block in the Clarion-Clipperton Zone.

    “[The block represents] 22 percent of The Metals Company’s estimated resource in the [Clarion-Clipperton Zone and] . . .  is ranked as having the largest underdeveloped nickel deposit in the world,” the company states on its website.

    Its announcement on Tuesday revealed it had filed three applications for mining activity in the Clarion-Clipperton Zone under the US pathway. One application is for a commercial mining permit. Two are for exploration permits.

    The announcement added further fuel to warnings from anti-deep sea mining advocates that The Metals Company is pivoting away from Nauru and arrangements under the ISA.

    Last year, the company stated it intended to submit a plan for commercial mining to the ISA on June 27 so it could begin exploitation operations by 2026.

    This date appears to have been usurped by developments under Trump, with the company saying on Tuesday that its US permit application “advances [the company’s] timeline ahead” of that date.

    The Trump factor
     Trump’s recent executive order is critical to this because it specifically directs relevant US government agencies to reactivate the country’s own deep sea mining licence process that had largely been unused over the past 40 years.

    President Donald Trump signs a proclamation in the Oval Office at the White House last month expanding fishing rights in the Pacific Islands to an area he described as three times the size of California. Image: RNZ screenshot APR

    That legislation, the Deep Sea Hard Mineral Resources Act, states the US can grant mining permits in international waters. It was implemented in 1980 as a temporary framework while the US worked towards ratifying the UNCLOS Treaty. Since then, only four exploration licences have been issued under the legislation.

    To date, the US is yet to ratify UNCLOS.

    At face value, the Deep Sea Hard Mineral Resources Act offers an alternative licensing route to commercial seabed activity in the high seas to the ISA. However, any cross-over between jurisdictions and authorities remains untested.

    Now, The Metals Company appears to be operating under both in the same area of international waters — the Clarion-Clipperton Zone.

    Deep Sea Conservation Coalition’s Pacific regional coordinator Phil McCabe said it was unclear what would happen to Nauru.

    “This announcement really appears to put Nauru as a partner of the company out in the cold,” McCabe said.

    No Pacific benefit mechanism
    “If The Metals Company moves through the US process, it appears that there is no mechanism or no need for any benefit to go to the Pacific Island sponsoring states because they sponsor through the ISA, not the US,” he said.

    McCabe, who is based in Aotearoa New Zealand, highlighted extensive investment The Metals Company had poured into the Nauru block over more than 10 years.

    He said it was in the company’s financial interests to begin commercial mining as soon as possible.

    “If The Metals Company was going to submit an application through the US law, it would have to have a good measure of environmental data on the area that it wants to mine, and the only area that it has that data [for] is the Nauru block,” McCabe said.

    He also pointed out that the size of the Nauru block The Metals Company had worked on in the Clarion-Clipperton Zone was the same as a block it wanted to commercially mine through US legislation.

    Both are exactly 25,160 sq km, McCabe said.

    RNZ Pacific asked The Metals Company to clarify whether its US application applied to Nauru and Tonga’s blocks. The company said it would “be able to confirm details of the blocks in the coming weeks”.

    It also said it intended to retain its exploration contracts through the ISA that were sponsored by Nauru and Tonga, respectively.

    Cook Islands nodule field – photo taken within Cook Islands EEZ. Image: Cook Islands Seabed Minerals Authority

    Pacific Ocean a ‘new frontier’
     Pacific Network on Globalisation (PANG) associate Maureen Penjueli had similar observations to McCabe regarding the potential impacts of Trump’s executive order.

    Trump’s order, and The Metals Company ongoing insistence to commercially mine the ocean, was directly related to escalating geopolitical competition, she told RNZ Pacific.

    “There are a handful of minerals that are quite critical for all kinds of weapons development, from tankers to armour like nuclear weapons, submarines, aircraft,” she said.

    Currently, the supply and processing of minerals in that market, which includes iron, lithium, copper, cobalt and graphite, is dominated by China.

    Between 40 and 90 percent of the world’s rare earth minerals are processed by China, Penjueli said. The variation is due to differences between individual minerals.

    As a result, both Europe and the US are heavily dependent on China for these minerals, which according to Penjueli, has massive implications.

    “On land, you will see the US Department of Defense really trying to seek alternative [mineral] sources,” Penjueli said.

    “Now, it’s extended to minerals in the seabed, both within [a country’s exclusive economic zone], but also in areas beyond national jurisdictions, such as the Clarion-Clipperton Zone, which is here in the Pacific. That is around the geopolitical [competition]  . . .  and the US versus China positioning.”

    Notably, Trump’s executive order on the US seabed mining licence process highlights the country’s reliance on overseas mineral supply, particularly regarding security and defence implications.

    He said the US wanted to advance its leadership in seabed mineral development by “strengthening partnerships with allies and industry to counter China’s growing influence over seabed mineral resources”.

    The Metals Company and the US
     She believed The Metals Company had become increasingly focused on security and defence needs.

    Initially, the company had framed commercial deep sea mining as essential for the world’s transition to green energies, she said. It had used that language when referring to its relationships with Pacific states like Nauru, Penjueli said.

    However, the company had also begun pitching US policy makers under the Biden administration over the need to acquire critical minerals from the seabed to meet US security and defence needs, she said.

    Since Trump’s re-election, it had also made a series of public announcements praising US government decisions that prioritised deep sea mining development for defence and security purposes.

    In a press release on Trump’s executive order, The Metals Company chief executive Gerard Barron said the company had enough knowledge to manage the environmental risks of deep sea mining.

    “Over the last decade, we’ve invested over half a billion dollars to understand and responsibly develop the nodule resource in our contract areas,” Barron said.

    “We built the world’s largest environmental dataset on the [Clarion-Clipperton Zone], carefully designed and tested an off-shore collection system that minimises the environmental impacts and followed every step required by the International Seabed Authority.

    “What we need is a regulator with a robust regulatory regime, and who is willing to give our application a fair hearing. That’s why we’ve formally initiated the process of applying for licenses and permits under the existing US seabed mining code,” Barron said.

    ISA influenced by opposition faction
    The Metals Company directed RNZ Pacific to a statement on its website in response to an interview request.

    The statement, signed by Barron, said the ISA was being influenced by a faction of states aligned with environmental NGOs that opposed the deep sea mining industry.

    Barron also disputed any contraventions of international law under the US regime, and said the country has had “a fully developed regulatory regime” for commercial seabed mining since 1989.

    “The ISA has neither the mining code nor the willingness to engage with their commercial contractors,” Barron said. “In full compliance with international law, we are committed to delivering benefits to our developing state partners.”

    President Trump’s executive order marks America’s return to “leadership in this exciting industry”, claims The Metals Company. Note the name “Gulf of America” on this map was introduced by President Trump in a controversial move, but the rest of the world regards it as the Gulf of Mexico, as recognised by officially recognised by the International Hydrographic Organisation. Image: Facebook/The Metals Company

    ‘It’s an America-first move’
    Despite Barron’s observations, Penjueli and McCabe believed The Metals Company and the US were side-stepping international law, placing Pacific nations at risk.

    McCabe said Pacific nations benefitted from UNCLOS, which gives rights over vast oceanic territories.

    “It’s an America-first move,” said McCabe who believes the actions of The Minerals Company and the US are also a contravention of international law.

    There are also significant concerns that Trump’s executive order has effectively triggered a race to mine the Pacific seabed for minerals that will be destined for military purposes like weapons systems manufacturing, Penjueli said.

    Unlike UNCLOS, the US deep sea mining legislation does not stipulate that minerals from international waters must be used for peaceful purposes.

    Deep Sea Conservation Coalition’s Duncan Currie believes this is another tricky legal point for Nauru and other sponsor states in the Clarion-Clipperton Zone.

    Potentially contravene international law
    For example, should Nauru enter a commercial mining arrangement with The Metals Company and the US under US mining legislation, any royalties that may eventuate could potentially contravene international law, Currie said.

    First, the process would be outside the ISA framework, he said.

    Second, UNCLOS states that any benefits from seabed mining in international waters must benefit all of “humankind”.

    Therefore, Currie said, royalties earned in a process that cannot be scrutinised by the ISA likely did not meet that stipulation.

    Third, he said, if the extracted minerals were used for military purposes — which was a focus of Trump’s executive order — then it likely violates the principle that the seabed should only be exploited for peaceful purposes.

    “There really are a host of very difficult legal issues that arise,” he added.

    The Metals Company says ISA is being influenced by a faction of states aligned with environmental NGOs that oppose the deep sea mining industry. Image: Facebook/The Metals Company/RNZ

    The road ahead
     Now more than ever, anti-deep sea mining advocates believe a moratorium on the practice is necessary.

    Penjueli, echoing Currie’s concerns, said there was too much uncertainty with two potential avenues to commercial mining.

    “The moratorium call is quite urgent at this point,” she said.

    “We simply don’t know what [these developments] mean right now. What are the implications if The Metals Company decides to dump its Pacific state sponsored partners? What does it mean for the legal tenements that they hold in the Clarion-Clipperton Zone?”

    In that instance, Nauru, which has spearheaded the push for commercial seabed mining alongside The Metals Company, may be particularly exposed.

    Currently, more than 30 countries have declared support for a moratorium on deep sea mining. Among them are Fiji, Federated States of Micronesia, New Caledonia, Palau, Samoa, Tuvalu, Vanuatu, and Tuvalu.

    On the other hand, Nauru, Kiribati, Tonga, and the Cook Islands all support deep sea mining.

    Australia has not explicitly called for a moratorium on the practice, but it has also refrained from supporting it.

    New Zealand supported a moratorium on deep sea mining under the previous Labour government. The current government is reportedly reconsidering this stance.

    RNZ Pacific contacted the Nauru government for comment but did not receive a response.

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

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: Joint Statement of the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting

    Source: ASEAN

    1. The 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM+3) took place on 4 May 2025 in Milan, Italy under the co-chairmanship of H.E. Datuk Seri Amir Hamzah Azizan, Minister of Finance II of Malaysia, H.E. Dato’ Seri Abdul Rasheed Ghaffour, Governor of Bank Negara Malaysia, H.E. Lan Fo’an, Minister of Finance of the People’s Republic of China, and H.E. Pan Gongsheng, Governor of the People’s Bank of China. The Director of the ASEAN+3 Macroeconomic Research Office (AMRO), the President of the Asian Development Bank (ADB), the Deputy Secretary-General of ASEAN Secretariat, and the Deputy Managing Director of the International Monetary Fund (IMF) were also present at the meeting.
     
    2. We express our deepest condolences to the people of Myanmar and Thailand for the tragic loss caused by the devastating earthquake on 28 March. Our thoughts are with the affected communities during this difficult time, and we stand in solidarity with them as they recover and rebuild.
     
    Download the full statement here.
    The post Joint Statement of the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-Evening Report: A ‘Trump slump’ has lifted the left in Canada and now Australia – what are the lessons for NZ?

    Source: The Conversation (Au and NZ) – By Grant Duncan, Teaching Fellow in Politics and International Relations, University of Auckland, Waipapa Taumata Rau

    Trying to capitalise on the electoral success of US President Donald Trump, now that his policies are having real-world effects, is proving to be a big mistake for conservative leaders.

    Australian voters have delivered a landslide win for the incumbent Labor Party, returning Prime Minister Anthony Albanese for a second term with a clear majority of seats.

    When he said in his victory speech that Australians had “voted for Australian values”, an unspoken message was that they’d firmly rejected Trumpian values.

    Meanwhile, opposition and Liberal Party leader Peter Dutton had such a bad election he lost his own seat. While not the only reason for his electoral demise, Dutton’s adoption of themes associated with Trump backfired.

    As recently as mid-February, however, it was a completely different story. Opinion polls were projecting Dutton’s Coalition to win. Betting markets followed suit, pricing in a change of government.

    But by March, Labor had pulled ahead in the polls, and exceeded expectations in the election itself. As one commentator put it, the Liberals were “reduced to a right-wing populist party that is all but exiled from the biggest cities”.

    Reversal of fortune

    Where, then, did Dutton go wrong? Commentators identified a number of reasons, including his “culture wars” and being depicted by Labor as “Trump-lite”.

    Following a Trumpian pathway turned out to be a strategic blunder. And Dutton’s downfall mirrors Conservative leader Pierre Poilievre’s defeat in Canada’s election on April 28.

    In January, Canada’s incumbent centre-left Liberals were heading for defeat to the Conservatives. But there were two gamechangers: the Liberals switched leaders from Justin Trudeau to Mark Carney, and Trump caused a national uproar with his aggressive tariffs and his call for Canada to become the 51st US state.

    Pre-election opinion polls then did a dramatic flip in favour of the Liberals, who went on to win their fourth election in a row.

    Poilievre’s campaign had adopted elements of the Trump style, such as attacking “wokeness” and using derogatory nicknames for opponents.

    His strategy failed as soon as Trump rolled out “America First” policies contrary to Canadians’ economic interests and national pride. The takeaway for serious right-wing leaders in liberal democracies is clear: let Trump do Trump; his brand is toxic.

    Not a universal trend

    Trump’s actions are harming America’s allies. His tariffs, disregard for the rule of law, and tough policies on migrants, affirmative action and climate change have seen voters outside the US react with self-protective patriotism.

    A perceived association with Trump’s brand has now upended the electoral fortunes of (so far) two centre-right parties that had been in line to win, and had been banking on the 2024 MAGA success somehow rubbing off on them.

    Admittedly, what has been dubbed the “Trump slump” isn’t a universal trend.

    In Germany, the centre-left Social Democratic-led government was ousted in February, in spite of Trump ally Elon Musk’s unhelpful support for the far-right, anti-immigrant Alternative for Germany (AfD) party.

    And in the United Kingdom, the populist Reform UK party has risen above 25%, while Labour has fallen from 34% in last year’s election to the low 20s in recent polls.

    But other governing centre-left parties are seeing an upside of the Trump effect.
    Norway’s next election is on September 8. In early January it looked like the incumbent Labour Party would be trounced by the Conservatives and the right-wing Progress Party.

    Opinion polls dramatically flipped in early February, however, boosting Labour from below 20% back into the lead, hitting 30%. If that trend is sustained, Prime Minister Jonas Gahr Støre will get another term in office.

    Denmark’s governing Social Democrats have enjoyed a small polling boost, too, since Trump declared he’d like to take Greenland off their hands.

    Lessons for NZ’s left and right

    The common denominator underlying these shifts to the left seems to be the Trump effect. Voters in countries normally closely allied with the US are turning away from Trump-adjacent politicians.

    In 2024, elections tended to go against incumbents. But, for now at least, people are rallying patriotically around centre-left, sitting governments.

    Ironically, Trump is harming leaders who could have been his allies. Unrepentant as always, the man himself seemed proud of the impact he had in Canada.

    Winston Peters: culture war rhetoric.
    Getty Images

    In Australia and New Zealand, polls in mid-2024 showed support for Trump was growing – heading well above 20%. Australia’s election suggests that trend may now be past its peak.

    In New Zealand, with debate over ACT’s contentious Treaty Principles Bill behind it, and despite NZ First leader Winston Peters’ overt culture-war rhetoric (which may appeal to his 6% support base), the right-wing coalition government’s polling shows it could be on track for a second term – for the time being.

    While the Trump effect may have benefited centre-left parties in Australia and Canada, polling for New Zealand’s Labour opposition is softer than at the start of the year.

    While “America First” policies continue to damage the global economy, centre-right leaders who learn the lesson will quietly distance themselves from the Trump brand, while maintaining cordial relations with the White House.

    Centre-left leaders, however, could do worse than follow Anthony Albanese’s example of not getting distracted by “Trump-lite” and instead promoting his own country’s values of fairness and mutual respect.

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

    – ref. A ‘Trump slump’ has lifted the left in Canada and now Australia – what are the lessons for NZ? – https://theconversation.com/a-trump-slump-has-lifted-the-left-in-canada-and-now-australia-what-are-the-lessons-for-nz-255715

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Tax Issues – New report illustrates tax system failures – Tax Justice Aotearoa

    Source: Tax Justice Aotearoa

    Tax reform advocacy group Tax Justice Aotearoa is calling on the Government and opposition parties to remedy the failures in our taxation system illustrated by a new report from the Centre of International Corporate Tax Accountability and Research, which looks at transparency and corporate tax issues in the heavily public-funded aged care sector.

    “Instead of talking about the possibility of reducing our corporate tax rate of 28 per cent, the Government should be finding ways to increase financial transparency, and ensuring that multinational corporates pay their fair share of current corporate tax by reviewing the thin capitalisation rules,” says Glenn Barclay, Chairperson of Tax Justice Aotearoa.

    “This is particularly urgent where public funds are paid to multinational corporations delivering services on behalf of the government.”

    The report focuses on the transparency of public funding in the aged residential care sector, and shows how our tax system allows multi-national providers to avoid paying the taxes that the public would expect them to pay, demonstrating this through the example of UK-owned BUPA.

    BUPA had an average effective corporate tax rate over the past decade of only 4 per cent, much lower than the headline rate of 28 per cent, driven largely by tax-free capital gains.

    In addition, the company appears to have used inter-company interest payments on a substantial loan to an Australian-incorporated BUPA company, which may have reduced taxable income by around $151m over the decade, trimming tax revenue by as much as $27 million over that period.

    “This ability of multi-nationals to set up loans between subsidiary companies in different countries and then claim tax deductibility on the interest from those loans is a major issue,” says Glenn Barclay.

    “While entirely legal, this ‘thin capitalisation’ is an approach that most members of the public would find questionable. It also gives multi-national players an advantage over wholly New Zealand-owned companies in competitive markets.”

    “New Zealand does have thin capitalisation rules that are supposed to prevent this kind of activity, but this example shows that they are simply not strong enough,” says Glenn Barclay.

    “We note that Australia and the UK have introduced a ‘fixed ratio’ test for interest payments on related party debt which limits allowable interest deductions in any one year to 30 per cent of gross earnings and this is the kind of measure that we should also seriously consider.”

    “On a related matter, we note that IRD is looking at relaxing the existing thin capitalisation rules for infrastructure projects as part of its work programme agreement with the Minister of Revenue.

    This could well be in the Budget and would be a big step in the wrong direction,” says Glenn Barclay. “We urge the Government not to go down this route, but instead look at tightening this provision across the economy.”

    The report questions the tax exemptions in the sector for capital gains arising from revaluations of assets, which is significant given the amount of real estate that companies in the sector own.

    “It seems that aged residential care providers are intentionally using the capital gains they make from selling both rights to occupy properties to new residents, and sometimes the properties themselves, as part of their income streams,” says Glenn Barclay.

    “If this is true, then the current law, which says that capital gains on sales made intentionally for that purpose are taxable, should be enforced. If, for some reason, it is not enforceable, then the law should be clarified. A comprehensive tax on capital gains would resolve these issues in a much clearer way.”

    The report also raises questions about the level of funding for the aged care sector and the extent to which unaccountable multi-national and other private providers should be involved in service delivery.

    “The report indirectly supports the need for more funding for aged care generally as the population ages and this is yet another example of a demand for services that only a more progressive tax system that properly taxes wealth can address,” says Glenn Barclay.

    MIL OSI New Zealand News –

  • MIL-OSI China: Chinese peacekeepers to Lebanon help South Korean counterparts neutralize expired high explosive ammunition

    Source: People’s Republic of China – Ministry of National Defense

      By Yang Yuan, Zhang Boyu and Zeng Xuetong

      BEIJING, Apr. 8 — Recently, the 23rd Chinese peacekeeping multi-role engineering company to the United Nations Interim Force in Lebanon (UNIFIL) dispatched an explosive ordnance disposal (EOD) team to help the South Korean peacekeeping troops neutralize expired high explosive ammunition, thereby eliminating security risks in the UNIFIL camps.

      The continuing tension in southern Lebanon exacerbates the already acute challenge faced by the UNIFIL troop-contributing countries in the disposal of expired ammunition. Recently, the Chinese EOD team was assigned by the Combat Engineering Division of the UNIFIL Operations Department to destroy 277.2 kilograms of expired COMP-C4 explosives.

      Prior to the operation, the Chinese peacekeepers conducted an overall security assessment of the blasting site under the control of the UNIFIL. During the process, all steps, including the movement, placement and detonation of the explosives, were conducted in strict accordance with the UN standard operating procedures. After the successful destruction of the expired high explosive ammunition, the South Korean peacekeeping troops expressed their heartfelt thanks to the Chinese EOD team.

    loading…

    MIL OSI China News –

  • MIL-OSI Australia: Taxable NFP organisations

    Source: New places to play in Gungahlin

    Taxable or exempt organisations

    Not all NFP organisations are exempt from income tax. NFPs can be either exempt or taxable.

    To be exempt from income tax, an NFP must meet the requirements to self-assess as income tax exempt or be a registered charity that is endorsed by us as income tax exempt.

    NFP organisations that seek to advance the common interest of their members and do not benefit the broader community won’t generally meet the requirements for income tax exemption.

    Examples of taxable NFPs include:

    • social clubs and fraternal organisations
    • some business and professional associations
    • clubs whose main purpose is providing hospitality services for members
    • political parties.

    Some NFP organisations are taxable and may have to lodge income tax returns and pay income tax. If you are a taxable NFP, find out if you can apply the mutuality principle when calculating your taxable income.

    To work out if you need to lodge an income tax return or if you should notify us of a ‘non-lodgment advice’ also known as a ‘return not necessary’, check if your organisation is:

    Incorporated associations and unincorporated associations are treated as a company for income tax purposes under tax law.

    Taxable NFP companies

    NFP companies are organisations, incorporated and unincorporated, that operate for its purpose and not for the profit or gain (direct or indirect) of its individual members. Their governing documents must prohibit them from making any distributions to their members, whether in money, property or otherwise.

    Taxable NFP companies have special arrangements for lodging tax returns and special rates of income tax. An NFP company with taxable income of:

    Income tax rates for the 2023–24 income year

    Your reporting requirements and specific rates depend on if your NFP company is a base rate entity.

    NFP company that is a base rate entity

    Taxable income range

    Rate of tax

    How to report

    $0–$416

    Nil

    Submit a non-lodgment advice, also known as a return not necessary, to avoid receiving a reminder to lodge letter.

    $417–$762

    55% for every dollar over $416

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.

    From $763 and above

    25% on the whole amount of your taxable income

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.
    NFP company that is not a base rate entity

    Taxable income range

    Rate of tax

    How to report

    $0–$416

    Nil

    Submit a non-lodgment advice, also known as a return not necessary, to avoid receiving a reminder to lodge letter.

    $417–$915

    55% for every dollar over $416

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.

    $916 and above

    30% on the whole amount of taxable income

    Lodge a company tax return.

    For help with lodging, see Not-for-profit guide to company tax return.
    Example 1: income tax payable by NFP company with $900 taxable income

    An NFP company has taxable income of $900 in the 2023–24 financial year.

    Base rate entity

    For an NFP company that is a base rate entity the income tax payable is $225. This is calculated by multiplying the whole $900 of taxable income by 0.25.

    Not a base rate entity

    For an NFP company that is not a base rate entity the income tax payable is $266.20, which is calculated by taking 2 steps:

    • Step 1 – determine the amount of taxable income above $416, by subtracting $416 from $900. This leaves $484 in taxable income.
    • Step 2 – multiply $484 taxable income by 0.55.

    End of example

    Example 2: income tax payable by NFP company with $2,000 taxable income

    An NFP company has taxable income of $2,000 in the 2023–24 financial year.

    Base rate entity

    For an NFP company that is a base rate entity, the income tax payable is $500 and is calculated by multiplying the whole $2,000 of taxable income by 0.25.

    Non base rate entity

    For an NFP company that is not a base rate entity, the income tax payable is $600 and is calculated by multiplying the whole $2,000 of taxable income by 0.30.

    End of example

    Taxable trusts and partnerships

    Taxable trusts and partnerships must lodge a return every year regardless of net income.

    For help completing your tax return, see Income tax return for partnerships and trusts.

    Other taxable companies

    Clubs, societies, and associations whose constituent documents don’t prohibit them from making distributions to their members are treated as other taxable companies.

    Incorporated associations and unincorporated associations are treated as a company for income tax purposes under tax law.

    Other taxable companies must lodge a tax return each year, regardless of their taxable income. There is no tax-free threshold and they have the same rates of tax as other companies.

    For the 2023–24 income year, the rate of tax is:

    • 25% if the company is a base rate entity
    • 30% if the company isn’t a base rate entity.

    The taxable income of a club, society or association is calculated in the same way as a company for tax purposes.

    Income tax rates for the 2023–24 income year – other taxable companies

    Income category

    Rate of tax

    Base rate entity

    25%

    Not a base rate entity

    30%

    For help completing your tax return, see Not-for-profit guide to company tax return.

    Mutuality principle

    To work out your NFPs taxable income, you must know how amounts received from members are treated. Under the mutuality principle:

    • receipts derived from mutual dealings with members are not assessable income (these are called mutual receipts)
    • expenses incurred to get mutual receipts are not deductible.

    Notify of a non-lodgment advice

    Who can use a non-lodgment advice

    If you are:

    How to notify us

    As an NFP company, you can give us non-lodgment advice for an income year by either:

    To make the request, you must be listed as an authorised contact on ATO records to act on behalf of the organisation. If you need to update your authorised contacts, see Notify us of changes to your not-for-profit.

    Phoning us

    Speak with a customer service representative using our Lodge and Pay enquiry phone number. Due to privacy reasons, you must be an authorised contact already listed on ATO records. We’ll ask you to confirm your identity and authorisation to access the account.

    Using a form

    You can download and complete the NFP company non-lodgment adviceExternal Link.

    Registered tax agent

    A registered tax agent can submit the non-lodgment advice on your behalf using Online services for agents.

    Capital gains tax

    Capital gains tax (CGT) applies to NFP clubs, societies and associations that are treated as companies for income tax purposes, in the same way as it does for other companies that pay income tax.

    Pay as you go instalments

    Pay as you go (PAYG) instalments is a system for paying amounts towards the expected tax liability on your business and investment income for the financial year.

    Consolidations

    Wholly-owned corporate groups may have the option of consolidating for income tax. Consolidation is optional but cannot be reversed. The consolidated group operates as a single entity for income tax purposes, lodging a single tax return and paying a single set of PAYG instalments.

    When a group consolidates, it is a ‘one in, all in’ situation, where all of the head company’s eligible wholly-owned subsidiary members become part of the group.

    There are specific rules about the types of entities that can be a head company or a subsidiary member of a consolidated group.

    MIL OSI News –

  • MIL-Evening Report: What is a ‘smart city’ and why should we care? It’s not just a buzzword

    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    guitar photographer/Shutterstock

    More than half of the world’s population currently lives in cities and this share is expected to rise to nearly 70% by 2050.

    It’s no wonder “smart cities” have become a buzzword in urban planning, politics and tech circles, and even media.

    The phrase conjures images of self-driving buses, traffic lights controlled by artificial intelligence (AI) and buildings that manage their own energy use.

    But for all the attention the term receives, it’s not clear what actually makes a city smart. Is it about the number of sensors installed? The speed of the internet? The presence of a digital dashboard at the town hall?

    Governments regularly speak of future-ready cities and the promise of “digital transformation”. But when the term “smart city” is used in policy documents or on the campaign trail, it often lacks clarity.

    Over the past two decades, governments around the world have poured billions into smart city initiatives, often with more ambition than clarity. The result has been a patchwork of projects: some genuinely transformative, others flashy but shallow.

    So, what does it really mean for a city to be smart? And how can technology solve real urban problems, not just create new ones?

    What is a smart city, then?

    The term “smart city” has been applied to a wide range of urban technologies and initiatives – from traffic sensors and smart meters to autonomous vehicles and energy-efficient building systems.

    But a consistent, working definition remains elusive.

    In academic and policy circles, one widely accepted view is that a smart city is one where technology is used to enhance key urban outcomes: liveability, sustainability, social equity and, ultimately, people’s quality of life.

    What matters here is whether the application of technology leads to measurable improvements in the way people live, move and interact with the city around them.

    By that standard, many “smart city” initiatives fall short, not because the tools don’t exist, but because the focus is often on visibility and symbolic infrastructure rather than impact.

    This could be features like high-tech digital kiosks in public spaces that are visibly modern and offer some use and value, but do little to address core urban challenges.

    The reality of urban governance – messy, decentralised, often constrained – is a long way from the seamless dashboards and simulations often promised in promotional material.

    But there is a way to help join together the various aspects of city living, with the help of “digital twins”.

    Slick digital dashboards that show the stats of a city at a glance are a far cry from the messy reality of city governance.
    thinkhubstudio/Shutterstock

    Digital twin (of?) cities

    Much of the early focus on smart cities revolved around individual technologies: installing sensors, launching apps or creating control centres. But these tools often worked in isolation and offered limited insight into how the city functioned as a whole.

    City digital twins represent a shift in approach.

    Instead of layering technology onto existing systems, a city digital twin creates a virtual replica of those systems. It links real-time data across transport, energy, infrastructure and the environment. It’s a kind of living, evolving model of the city that changes as the real city changes.

    This enables planners and policymakers to test decisions before making them. They can simulate the impact of a new road, assess the risk of flooding in a changing climate or compare the outcomes of different zoning options.

    Used in this way, digital twins support decisions that are better informed, more responsive, and more in tune with how cities actually work.

    Not all digital twins operate at the same level. Some offer little more than 3D visualisations, while others bring in real-time data and support complex scenario testing.

    The most advanced ones don’t just simulate the city, but interact with it.

    Where it’s working

    To manage urban change, some cities are already using digital twins to support long-term planning and day-to-day decision-making – and not just as add-ons.

    In Singapore, the Virtual Singapore project is one of the most advanced city-scale digital twins in the world.

    It integrates high-resolution 3D models of Singapore with real-time and historical data from across the city. The platform has been used by government agencies to model energy consumption, assess climate and air flow impacts of new buildings, manage underground infrastructure, and explore zoning options based on risks like flooding in a highly constrained urban environment.

    In Helsinki, the Kalasatama digital twin has been used to evaluate solar energy potential, conduct wind simulations and plan building orientations. It has also been integrated into public engagement processes: the OpenCities Planner platform lets residents explore proposed developments and offer feedback before construction begins.

    Urban planners in Helsinki have been using a digital twin to help plan building orientations.
    Mistervlad/Shutterstock

    We need a smarter conversation about smart cities

    If smart cities are going to matter, they must do more than sound and look good. They need to solve real problems, improve people’s lives and protect the privacy and integrity of the data they collect.

    That includes being built with strong safeguards against cyber threats. A connected city should not be a more vulnerable city.

    The term smart city has always been slippery – more aspiration than definition. That ambiguity makes it hard to measure whether, or how, a city becomes smart. But one thing is clear: being smart doesn’t mean flooding citizens with apps and screens, or wrapping public life in flashy tech.

    The smartest cities might not even feel digital on the surface. They would work quietly in the background, gather only the data they need, coordinate it well and use it to make citizens’ life safer, fairer and more efficient.

    Milad Haghani receives funding from The Australian Research Council & The Australian Government.

    Abbas Rajabifard receives funding from Victorian Government via Land Use Department.

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

    – ref. What is a ‘smart city’ and why should we care? It’s not just a buzzword – https://theconversation.com/what-is-a-smart-city-and-why-should-we-care-its-not-just-a-buzzword-255419

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI New Zealand: Universities – Robinson Research Institute awarded $71 million to host advanced technology platform – Vic

    Source: Te Herenga Waka—Victoria University of Wellington
     
    Robinson Research Institute, a pioneer in high-temperature superconductivity (HTS) research, has received funding of $71million towards setting up and hosting an advanced technology platform in Future Magnetic and Materials Technologies.
     
    The funding for the advanced technology platform was announced by Minister for Science, Technology and Innovation, Dr Shane Reti at Robinson Research Institute’s facility in Lower Hutt, and will operate through the Ministry of Business, Innovation and Employment-administered Strategic Science Investment Fund (SSIF) portfolio over a period of seven years.
     
    In line with the objective to grow New Zealand’s hi-tech exports, the advanced technology platform will apply materials and engineering expertise across a range of sectoral themes including space, electric aviation, critical minerals and technologies for fusion energy. The platform will play a crucial role in lifting New Zealand’s innovation capacity, enabling companies to take technology to market, and in accelerating the growth of the domestic manufacturing sector.  
     
    Professor Nick Long, director, Robinson Research Institute, said “It is an honour for the Institute to receive this strategic funding. At Robinson, our focus has always been on how applications of HTS can be leveraged to address real-world issues, ranging from propulsion in space to more accessible Magnetic Resonance Imaging (MRI) scanners. With proven capabilities in emerging areas like space and advanced aviation, Robinson is well-placed to drive growth in this area. Initially leveraging our capability in magnetics, the Institute has also developed processing methods for critical minerals from New Zealand resources. This funding will enable us to solve some problems with scaling these methods to commercial levels.”
     
    Deputy Vice-Chancellor, Research, Professor Magaret Hyland is excited by the possibilities that the funding offers. “Te Herenga Waka has a strong culture of research excellence and the work that our staff undertake has impact on national and international scales.  
     
    “A valued part of the University community, Robinson Research Institute has a strong track record of projects evolving into pilot projects or commercial enterprises. This new platform is a significant opportunity for Robinson to strengthen collaborations with the wider research community, in a way that delivers stronger outcomes for Aotearoa New Zealand. With an established network of research and commercialisation partnerships, within New Zealand and abroad, I can see Robinson now playing an even bigger role in enhancing New Zealand’s capabilities in advanced technology.”
     
    The objectives of the platform will include developing workforce capability through internships and postgraduate study, and encouraging early career researchers to take their research beyond the laboratory. Projects from the platform will also enhance local and international research and commercial partnerships, and encourage inward investment into the New Zealand research and development sector.

    MIL OSI New Zealand News –

  • MIL-OSI USA: Governor Newsom statement on selection of new UC President

    Source: US State of California 2

    May 2, 2025

    SACRAMENTO — Governor Gavin Newsom issued the following statement today after the University of California Board of Regents named James Milliken the new president of the University of California:

    “California’s future depends on the strength of our institutions, and few are more vital than the University of California. Chancellor Milliken brings years of experience and the steady, strategic leadership needed to expand UC’s impact across the state. I am excited to see him drive the next chapter of innovation, talent, and progress that will shape California and the country for generations to come.

    “I also want to thank Dr. Michael Drake for his leadership and vision during his tenure — he is a strong partner and his intellect, experience and commitment to our students has helped grow the next generation of California leaders. We wish him well in his retirement.”

    Governor Gavin Newsom

    James B. (“JB”) Milliken is chancellor of The University of Texas System, where he also holds the Lee Hage and Joseph D. Jamail Regents Chair in Higher Education Leadership. As chancellor, he oversaw 14 academic and health institutions, including seven medical schools and five Carnegie R1 research universities. Before joining the UT System, Milliken served as the chancellor of The City University of New York (CUNY), president of the University of Nebraska, and senior vice president of the University of North Carolina. 

    Press Releases

    Recent news

    May 2, 2025

    News What you need to know: As part of the California Jobs First initiative, the state is awarding $30.5 million in tax credits to seven companies committed to creating new jobs and investing over $2.1 billion across key industries like clean energy, advanced…

    May 1, 2025

    News LOS ANGELES — California First Partner Jennifer Siebel Newsom today joined students, mental health professionals, and athletes at two schools in Pasadena and the Boys & Girls Clubs of the Peninsula’s East Palo Alto Clubhouse to celebrate Move Your Body, Calm…

    May 1, 2025

    News What you need to know: For the second year in a row, California’s Department of Finance released data showing the Golden State’s population grew. In 2024, the state added more than 100,000 residents. SACRAMENTO — Today, Governor Gavin Newsom announced that…

    MIL OSI USA News –

  • MIL-OSI Video: Coast Guard Aviation Did What?

    Source: United States Department of Defense (video statements)

    —————
    @U.S.CoastGuardAncient Albatross Award honorees talk about the importance of Coast Guard aviation crews and their critical role at Coast Guard Air Station Elizabeth City, N.C.

    #DYK the Coast Guard Ancient Albatross Award was instituted in 1966 and honors active-duty aviators, both officers and enlisted personnel, who have served the longest in the aviation field. #military #usa

    For more on the Department of Defense, visit: http://www.defense.gov
    —————
    Keep up with the Department of Defense on social media!

    Like the DoD on Facebook: http://facebook.com/DeptofDefense
    Follow the DoD on Twitter: http://twitter.com/DeptofDefense
    Follow the DoD on Instagram: http://instagram.com/DeptofDefense
    Follow the DoD on LinkedIn: https://www.linkedin.com/company/DeptofDefense

    https://www.youtube.com/watch?v=JvfAa256CKQ

    MIL OSI Video –

  • MIL-OSI New Zealand: Bupa under scrutiny for tax practices as workers face cuts – E tū

    Source: Etu Union

    A new report from E tū and international tax watchdog CICTAR has raised serious questions about whether aged care giant Bupa is shifting profits offshore to avoid paying its fair share of tax in Aotearoa.

    E tū is calling for urgent reform and transparency in aged residential care funding, following the revelations that Bupa – the country’s second-largest provider – has paid just $12 million in income tax over the past decade, despite reporting nearly $300 million in profits.

    “We spend billions of dollars each year on aged residential care, but there is very little transparency about whether that money supports decent jobs for workers, or simply subsidises corporate profits,” says Edward Miller, researcher with the Centre for International Corporate Tax Accountability and Research (CICTAR).

    “Our research suggests that over the last decade, Bupa earned $3.3 billion in revenue and $293 million in profit, but only paid a total of $12 million in income tax – an effective tax rate of just four percent.

    “In addition, a major intercompany loan appears to have reduced their taxable income by $150 million over the last decade. That could have cost Aotearoa up to $27 million in lost tax revenue over that period.”

    E tū National Secretary Rachel Mackintosh says the report reveals a disturbing pattern.

    “At the same time as Bupa is sending tens of millions overseas in interest payments on questionable debts to other Bupa subsidiaries, they’re pushing through dangerous new rosters that cut hours and destabilise care,” Rachel says.

    “Care workers are rightly asking whether Bupa is putting tax planning ahead of providing safe, decent care for residents. In 2023, for instance, Bupa made $12 million in pre-tax profit but paid just $11,000 in corporate tax – that’s about what a Level 4 care worker pays.”

    Rachel says while more funding is urgently needed for the sector, companies must also be held to account.

    “We need increased investment in aged care, but with it must come transparency. New Zealanders deserve to know their taxes are going to support quality care, not just boost overseas profits.

    “It’s time to put the wellbeing of our elderly and those who care for them at the centre of this system.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Economy – Rise of the machines: How could artificial intelligence impact financial stability? – Reserve Bank of NZ

    Source: Reserve Bank of New Zealand

    5 May 2025 – The rapid acceleration of artificial intelligence (AI) adoption in financial services presents both opportunities and risks to financial stability, according to the Reserve Bank of New Zealand in a special topic from the upcoming May 2025 Financial Stability Report.

    As AI tools and models become increasingly sophisticated and widely integrated across the financial services sector, they offer significant potential benefits. These include improved productivity, greater modelling accuracy, enhanced risk assessment capabilities, and strengthened cyber resilience – helping financial institutions better detect and manage threats.

    Alongside these opportunities lie potential vulnerabilities. Errors in AI systems, data privacy concerns and market distortions could amplify existing risks. The growing reliance on a small number of third-party AI providers may also contribute to market concentration, creating new channels for contagion and increasing the potential impact of cyber-attacks.

    “There is still considerable uncertainty around how AI will shape the financial system,” said Kerry Watt, Director of Financial Stability Assessment & Strategy. “While its impact could be positive, especially in enhancing resilience, it could also introduce or amplify vulnerabilities.”

    Regulated entities are expected to understand and manage AI-related risks as part of their existing obligations. The special topic notes that it is important that regulatory frameworks keep pace with technology developments to support effective risk management by industry.

    We will continue to closely monitor developments in AI technology, adoption trends, and the evolving regulatory landscape, to ensure that the financial system remains well-positioned to manage emerging risks.

    https://youtu.be/pkG81U95Pyk

    More information

    AI Special Topic (extract from Financial Stability Report, May 2025) https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=a6bc4d90d0&e=f3c68946f8
    The May Financial Stability Report (FSR) will be released on Wednesday 7 May 2025 at 9:00am.

    MIL OSI New Zealand News –

  • MIL-OSI Global: Blaming Donald Trump for conservative losses in both Canada and Australia is being too kind to Peter Dutton

    Source: The Conversation – Global Perspectives – By David Smith, Associate Professor in American Politics and Foreign Policy, US Studies Centre, University of Sydney

    Australia’s federal election, held less than a week after Canada’s, has produced a shockingly similar outcome. Commentators all over the world have pointed out the parallels.

    In both countries, centre-left governments looked like they were in serious trouble not long ago.

    On February 23, a Resolve Strategic poll found the Coalition leading Labor 55-45% on a two-party-preferred basis. An Angus Reid poll in December found voting intention for Canada’s Liberals dropping to just 16%, compared to 45% for the Conservatives.

    Yet, both governments are now celebrating historic victories. And in both countries, the conservative opposition leaders, Pierre Poilievre and Peter Dutton, lost their own seats.

    US President Donald Trump was undoubtedly a factor in both elections. Even Trump’s most ardent Australian fans admit the reversal of the Coalition’s fortunes in the polls seems to have been precipitated by Trump’s actions, particularly his chaotic tariff announcements and his White House humiliation of Ukraine’s president, Volodymyr Zelensky.

    In Canada, Trump cheerfully presented himself as an existential threat to the country.

    But if anything, Labor’s landslide win in the Australian election on Saturday highlights just how poorly the Coalition fared under Dutton compared to Canada’s Conservatives. The Coalition bottomed out, while the Tories fared reasonably well in the face of difficult circumstances.

    A painful but respectable loss for Conservatives in Canada

    So, why the huge difference between the two parties? This is largely because of the differences between the Canadian and Australian electoral systems.

    Unlike Australia, Canada does not have preferential voting – a vote for one party is a vote against another. The Liberals’ rise in the polls came mostly at the expense of the left-wing New Democratic Party (NDP) rather than the Conservatives.

    Back in December, 21% of voters preferred the NDP, compared to 16% for Justin Trudeau’s deeply unpopular Liberals. But when Trudeau stepped down and Mark Carney became the party’s new leader, the threat posed by Trump unified centre-left Canadian voters behind the Liberals, who had the best chance of winning.

    This is the strategic voting that is necessary in winner-take-all systems. The NDP has never won the largest share of seats in a national election, and it never had a chance of winning this one.

    The NDP was left with seven seats in last week’s election and under 7% of the vote, losing their party status in parliament and their leader. This was the most significant “Trump effect” on the Canadian election.

    Canada’s Conservatives ended up with 41.3% of the vote. This was only a few points down from their December high of 45% in the Angus Reid poll. They also won the greatest share of the national vote by any centre-right party since 1988, and expanded their share of seats in the parliament.

    The Liberals, meanwhile, barely won the popular vote and fell three seats short of a majority.

    Poilievre was rightly criticised for failing to respond effectively to the challenge posed by Trump’s bullying, instead continuing to campaign as if the election were still a referendum on Trudeau.

    That may have cost him a victory that seemed certain months earlier, especially considering Carney made his campaign all about standing up to Trump.

    Yet, the Conservatives still performed well enough for Poilievre to retain his position as opposition leader despite losing his seat. Another Conservative sacrificed his own seat to let Poilievre back into parliament.

    Dutton’s mistakes were bigger

    It’s hard to imagine any member of Dutton’s party doing the same. Dutton handed Labor a staggeringly high two-party-preferred vote and (likely) the most seats it has ever had. Labor won 86 seats in 1987, while Anthony Albanese’s party will have at least 86, with the count continuing.

    Dutton’s campaign has been widely described as “shambolic”. But it wasn’t just the last five weeks that doomed the Coalition.

    From the moment he became leader, it was clear Dutton had little interest in winning back the former Liberal heartland seats that fell to Teal independents in 2022. Instead, he held out the promise the outer suburbs would become the new heartland.

    Following the patterns established by John Howard, Tony Abbott and Scott Morrison, he believed the loss of middle-class women, once the backbone of the Liberal vote, could be compensated by gains among working-class men.

    This was always a pipe dream, given the flimsiness of the culture war issues that have been Dutton’s preferred terrain. But it drove urban voters further away from the Liberal Party.

    The Liberals should have been alarmed that in state elections and byelections last year, they were making almost no gains in metropolitan seats, whether inner suburban or outer suburban.

    The Coalition should resist seeing Trump as a natural disaster over which they had no control. Dutton consciously positioned himself as part of the global populist right that Trump leads. Voters recognised this, even when Dutton half-heartedly tried to distance himself from Trump.

    Not all right-wing populists are the same. Poilievre and Dutton have their own brands of populism they have spent decades cultivating, as have other right-wing populists like Javier Milei in Argentina. But in the suffocating global environment created by Trump, there is limited room for brand differentiation. He is the unavoidable reference point of right-wing politics.

    Last November, many right-wing figures thought this would benefit them. One of them is now a spectacular political casualty.

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

    – ref. Blaming Donald Trump for conservative losses in both Canada and Australia is being too kind to Peter Dutton – https://theconversation.com/blaming-donald-trump-for-conservative-losses-in-both-canada-and-australia-is-being-too-kind-to-peter-dutton-255599

    MIL OSI – Global Reports –

  • MIL-OSI Video: What’s the difference between the XM7 and the XM4?

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military

    https://www.youtube.com/watch?v=6Vf2opruF7E

    MIL OSI Video –

  • MIL-OSI Video: Own the night!

    Source: US Army (video statements)

    About the U.S. Army:

    The Army Mission – our purpose – remains constant: To deploy, fight and win our nation’s wars by providing ready, prompt & sustained land dominance by Army forces across the full spectrum of conflict as part of the joint force.

    Interested in joining the U.S. Army?
    Visit: spr.ly/6001igl5L

    Connect with the U.S. Army online:
    Web: https://www.army.mil
    Facebook: https://www.facebook.com/USarmy/
    X: https://www.twitter.com/USArmy
    Instagram: https://www.instagram.com/usarmy/
    LinkedIn: https://www.linkedin.com/company/us-army
    #USArmy #Soldiers #Military #Shorts #Army

    https://www.youtube.com/watch?v=TI_HI6pfsEI

    MIL OSI Video –

  • MIL-OSI Video: 3D-Printed Railway Station & 6 Manufacturing Myths | WEF | Top Stories Week

    Source: World Economic Forum (video statements)

    This week’s top stories of the week include:

    0:15 Platform boots workplace inclusivity — Inclusively rounds up what potential employers can offer them from reasonable adjustments to assistive technologies. Employees can log in anonymously and state their disabilities and needs for support or resources.

    3:40 Japan 3D-printed this railway station — Hatsushima’s old wooden station was built in 1948 and needed replacing but building a new one would have taken 2 months. Serendix printed the new station’s parts in a week before transporting them to Hatsushima for assembly.

    5:13 How to identify and fight online harms — Making the digital world safe while protecting freedom of expression is an ongoing challenge. Nearly half of US teens say they’re online almost constantly but how safe is their digital world?

    8:41 6 myths about modern manufacturing — We sat down with 4 manufacturing leaders based in Switzerland, Morocco, Belgium and the US to discuss common mistakes people have about the industry.

    _____________________________________________

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/ 
    Twitter ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #WorldEconomicForum

    https://www.youtube.com/watch?v=-PTbZ8cdk0Y

    MIL OSI Video –

  • MIL-OSI Video: RBNZ How could AI impact financial stability here in NZ?

    Source: Reserve Bank of New Zealand (video statements)

    https://www.youtube.com/watch?v=pkG81U95Pyk

    MIL OSI Video –

  • MIL-OSI Video: Ukraine: call for protection of civilians – OCHA briefing at the Security Council | United Nations

    Source: United Nations (Video News)

    For her part, senior OCHA official Joyce Msuya said that as the war continues, millions of lives are impacted daily, essential services are disrupted and humanitarian needs deepened.

    She highlighted, “Attacks on healthcare services and health facilities are crippling access to maternal care,” highlighting that pregnant women are now giving birth amid blackouts, medicine shortages and under attack, with a 12 per cent rise in birth complications reported by health workers.

    “For many expectant mothers, basic, life-saving care is simply no longer available,” Msuya said.

    The Deputy Emergency Relief Coordinator emphasized once again, “Under international humanitarian law, civilians and civilian objects must be protected.”

    “This means that indiscriminate attacks are strictly prohibited. It also means that parties must take all feasible precautions to avoid civilian harm, whether they are launching attacks or defending against them,” Msuya stressed.

    The Deputy Emergency Relief Coordinator also noted that underfunding is forcing critical programmes to scale down, even as the operational environment becomes more complex and dangerous.

    “Additional resources are needed now to save lives and sustain assistance,” she concluded.

    For his part, US Acting Alternate Representative John Kelley said, “Right now, Russia has a great opportunity to achieve adorable peace,” adding that “the burden for ending the war rests with Russia and with Ukraine.”

    He said, “It is up to the leaders of both these countries to decide whether peace is possible. If both sides are ready to end the war, the United States will fully support their path to a lasting peace.”

    The US Representative highlighted, “The benefits for Ukraine and Russia accepting the US proposal are immense. Their economies can begin to grow, their cities to rebuild, and their peoples to heal.”

    Conversely, Kelley said, “the risks that accompany more war are immeasurable. The harm would disproportionately fall on ordinary Ukrainians and Russian families, who overwhelmingly desire peace.”

    The US Representative urged both Ukraine and Russia to “accept peace, “we ask our fellow council members and all UN member states to support the path to peace,” he said.

    Russian Ambassador Vassily Nebenzia criticized that today’s meeting was “requested by a number of the most stubborn European sponsors of the Kyiv regime.”

    “This is a reflection of their fear of being sidelined in the context of the new US administration as it seeks to arrive at a long-term solution to the Ukrainian crisis. Hence the desire to thwart this process and to restore for Ukraine Zelensky’s image of a victim, which has been tarnished in recent months, in the light of the new facts that have surfaced,” the Russian Ambassador added.

    Ambassador Nebenzia also said that the Russian and US dialog is ongoing, “there will be discussions of a number of nuances for the future contours of the peace plan from the very start of the conflict,” he said.

    “We announced that we preferred diplomatic methods for the attainment of the goals of our special military operation. And this is why Russia remains focused on achieving a sustained, long-term solution that would eradicate the root causes of the conflict and to prevent that from occurring,” the Russian Ambassador emphasized.

    For her part, Ukrainian Foreign Minister Betsa Mariana reiterated, “Russia cannot be allowed to cherry pick the political convenient dates to announce a short lived ceasefire simply for PR purposes, or gain additional tactical advantages.”

    She said, “Ukraine is ready to support a just, comprehensive and lasting peace. And this is what we are constantly proposing for at least 30 days. And we reconfirm this proposal.”

    Foreign Minister Mariana stressed her country’s position on peace negotiations is “clear and consistent.”

    She said, “Ukraine wants peace like no one else. However, we cannot accept peace at any cost. We cannot accept peace at any price. Any future arrangement has to respect Ukraine’s redlines.”

    https://www.youtube.com/watch?v=yAD_Xa4R130

    MIL OSI Video –

  • MIL-OSI Banking: Luis de Guindos: Interview with Die Presse

    Source: European Central Bank

    Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jakob Zirm on 28 April 2025

    3 May 2025

    Die Presse: Since June 2024 the ECB has already cut interest rates seven times. How long will this period of interest rate cuts last?

    Luis de Guindos: This will depend on how inflation develops. But we can be optimistic because our latest forecasts show that, from the end of this year, inflation will be very close to our target of 2%. Moreover, inflation continues to fall thanks to three additional factors. First, the euro has appreciated. Second, energy and commodity prices are declining. And third, the current economic uncertainty about tariffs could lead to greater wage moderation than that already suggested by the latest survey results. All these elements contribute to bringing inflation further down. And this is the decisive factor in whether we continue to lower interest rates.

    Where would you place the neutral interest rate, i.e. the rate which neither stimulates nor restricts economic growth? Is this a target for the ECB?

    The discussion about the neutral rate is very interesting from an academic standpoint. However, it is not very helpful for monetary policy decision-making because the neutral rate cannot be directly observed. Our decisions are based on how inflation develops, our projections and how our monetary policy is transmitted to the real economy. And, as I said, we are optimistic that we will sustainably achieve our inflation target.

    The US Federal Reserve is lowering interest rates much more slowly than the ECB. Is the large interest rate differential between the United States and the euro area a problem?

    The situation in the United States and Europe is different. You should look not only at nominal interest rates, but also at real interest rates. In the United States, inflation and inflation expectations are higher than in Europe, due to a different economic outlook. So the interest rate differential is smaller in real terms. In addition, inflation is more persistent in the United States.

    We have policy space to pursue our own monetary policy, but of course we are monitoring what is happening in the United States.

    In 2022 the euro depreciated massively after the Federal Reserve hiked interest rates half a year sooner. Is there a similar risk again now?

    Not necessarily at the moment. Despite all the uncertainties and contrary to expectations, the euro appreciated after the tariff announcements. Exchange rate developments depend on many factors. We do not have any exchange rate objective, but we monitor the exchange rate closely because it is an important macroeconomic variable in our assessment of the risks for price stability.

    It is important to moderate exchange rate volatility.

    But if the trend reverses and the dollar becomes significantly stronger again, could this fuel inflation in the euro area again?

    We are closely monitoring exchange rate developments. But there are currently no signs of a weakening of the euro. Much will depend on how the current dispute over tariffs develops.

    The average inflation rate in the euro area is currently 2.2%. However, some eastern European countries still have inflation rates of 3% or 4%. Is inflation really under control everywhere in the euro area?

    Differences in inflation developments between countries are normal, it’s the average that is crucial. Our projections show that both headline and core inflation are on track to reach our 2% target. We are paying particular attention to monitoring services inflation, which is strongly influenced by wages. Here, too, we are seeing signs of a slowdown in wage dynamics.

    Let’s talk about growth. In March the ECB predicted GDP growth of 0.9% for the euro area in 2025. Is this still realistic given the tariff debate?

    You are right – this forecast was made before the announcement of US tariffs. Uncertainty we’ve seen since then has weighed on economic activity and is likely to delay investment and consumption. Uncertainty is always bad for the economy. We already pointed to such downside risks in our March projections. The risks are now materialising.

    In Austria, we are in recession for the third year in a row now. Could the entire euro area slide into a recession?

    No, our baseline continues to expect very low but positive growth. It’s well below potential growth, but I don’t think that the euro area is heading into a recession.

    US tariffs are currently suspended. How bad would the damage be if the trade war were to escalate?

    An all-out trade war would have a very serious impact on growth. I really hope it doesn’t come to that. It is also important to take the diversion effects that can occur in trade flows into account, making the consequences difficult to predict.

    US President Donald Trump recently launched a mass attack on the Federal Reserve and its Chair Jerome Powell. What are the consequences of such an attempt to exert political pressure on the work of central banks?

    The independence of central banks is crucial. It is key to their credibility and thus to combating inflation. Even when inflation was extremely high two years ago, inflation expectations in Europe remained anchored because the central bank was considered independent and credible. This credibility is essential to keep inflation expectations under control and, in particular, to avoid wage-price spirals.

    There has been a discussion on whether the euro’s role as a reserve currency could be strengthened if confidence in the US dollar declines. Do you see that as possible?

    The dollar is clearly leading as a reserve currency. The international importance of the euro is a lot less in comparison. Its future development depends on us, however. If Europe builds stronger capital markets and establishes itself as a true single market, the role of the euro at international level could be strengthened. Closer integration and a more pro-European approach are crucial.

    What would be needed to create a true European capital markets union?

    Three central pillars would be needed. First, we need a true single market – barriers and national legislation that impede further integration must be removed. Second, we need to complete the banking union. We already have single supervision and resolution, but we still lack a common deposit guarantee scheme. Third, we need to further develop the capital markets union itself. These three elements are interconnected – progress in one area is difficult without progress in the other two.

    Many support the capital markets union but little progress has been made. Who is blocking it?

    The problem is that without a true single market for goods and services, the capital markets union is also difficult to implement. The banking union is more advanced but there is still a lot to be done. Capital flows follow the real economy, which is why we need integrated goods and services markets.

    In this situation, does it help if national governments block cross-border bank mergers – as is currently the case in Germany, where UniCredit wishes to buy Commerzbank?

    I will not comment on any specific mergers. But in general, we support cross-border mergers because they are necessary to create truly European banks and complete the banking union.

    Is there too much nationalism in the European financial system?

    Sometimes there is too much national focus. But there is a growing awareness that Europe needs to become more independent. And the only way to remain relevant on the world stage is to be more European and a little less nationally focused.

    The European Commission is now also pushing ahead with the simplification of European regulation. This also applies to the financial market of course. Where should economic activity be made easier for businesses?

    The ECB has set up its own high-level task force, which I coordinate. It’s meant to draw up proposals by the end of the year, which will be passed on to the legislator. This may involve, for example, the implementation of Basel III or reporting, which could be streamlined, or the simplification of bank capital structure, to make it clearer and more understandable for investors. However, simplification does not mean de-regulation, it should not jeopardise banks’ solvency.

    When inflation was high, many euro area countries steeply increased their debt and the ECB bought many government bonds, which amounted to some 30% of the outstanding volume in the case of some countries. Is that a problem?

    Those measures were necessary in the context of the pandemic. But now we need to increase defence spending and preserve fiscal sustainability at the same time in order to avoid rising market interest rates and thus lower private investment. That won’t be easy.

    The Austrian central bank has reported annual losses of more than €2 billion in the past two years. This was due to the purchase of low-yield government bonds. Is that the hidden price of expansionary monetary policy?

    Our monetary policy is not determined by the profit and loss accounts of the central banks. Looking back, central banks have made significant gains over the past ten years. The current loss is a consequence of the high liquidity in the market, on which central banks have to pay higher interest rates. However, this liquidity is currently being reduced at a fast pace. The situation will improve in the future.

    Are the high debt levels of euro area countries jeopardising future growth?

    When markets have doubts about debt sustainability, market interest rates rise, which can reduce private investment. That is why a credible and sustainable fiscal policy is crucial.

    MIL OSI Global Banks –

  • MIL-OSI New Zealand: New air ambulance helicopter for Auckland and Northland

    Source: New Zealand Government

    A new air ambulance helicopter commissioned today will significantly enhance emergency medical response capabilities across Auckland and Northland, Associate Health Minister Hon Casey Costello and ACC Minister Scott Simpson announced today.
    “This state-of-the-art helicopter represents a major advancement in aeromedical service delivery, and we are pleased to see it become operational in this part of the country,” Ms Costello said during a visit to Northern Rescue’s Ardmore base where the aircraft is stationed.
    “It’s great news that this helicopter will support people living in these regions as part of the Government’s investment to upgrade some of New Zealand’s air ambulance fleet.
    “The Leonardo AW169 aircraft incorporates modern design features and capabilities that improve flight performance, increase safety and reliability, and enhance patient care during transport — especially in challenging weather conditions or remote environments.”
    The helicopter is one of nine new or near-new aircraft being introduced across the national Emergency Air Ambulance Helicopter Service fleet throughout 2024/25, jointly funded by Health New Zealand | Te Whatu Ora and the Accident Compensation Corporation (ACC).
    “Ageing helicopters are being replaced in Auckland, Northland, Waikato, Bay of Plenty, Gisborne, Hawke’s Bay, Taranaki and Wellington,” Ms Costello says.
    The Auckland/Northland helicopter is the third in this fleet renewal programme and the first AW169 to enter service under this investment.
    “Our Emergency Air Ambulance Helicopter Service plays a critical role in enabling time-sensitive care for people in urgent need, particularly in regional and rural communities,” Mr Simpson says.
    “Notably, this is the first helicopter purchased using ACC Investment debt financing, which has enabled the ageing helicopter replacement programme to progress at a faster pace. This financing arrangement has contributed to savings of around $500,000 per year.”
    The regions next in line for improved aircraft capabilities include Northland, which will also receive two additional leased near-new aircraft ready for use from July and Wellington, which will get a brand new replacement aircraft in August.
    The Government’s broader investment into fleet renewal is aimed at replacing ageing helicopters with more capable, efficient, and future-ready alternatives.
    “Our air ambulance services do great work and it’s important that the helicopter fleet is upgraded,” Ms Costello says. “Health NZ and ACC are also redesigning the aeromedical operating model to make the best use of air ambulance resources, and the $128 million of rotary wing air ambulance funding provided by the Government.”

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: New Advanced Technology Science Platform announced

    Source: Ministry of Business Innovation and Employment MBIE (2)

    The multidisciplinary Paihau—Robinson Research Institute will host the platform, leveraging its world-leading expertise in superconductors, magnets and materials technologies. The platform will increase jobs in advanced tech in New Zealand, and create innovations that will benefit many sectors from space to fusion energy, quantum computing, aviation, medical devices and sensors. 

    The science platform brings together the expertise needed to turn innovative ideas into real-world products and services. It will support our scientists and innovators to achieve technological breakthroughs and take their ideas to market.

    Funding is being provided through the MBIE-administered Strategic Science Investment Fund. Details on the platform plan, outlining the goals, scope and approach to achieving these are being worked through alongside contracting with MBIE.

    This investment marks the first step towards establishing an advanced technology Research Organisation (PRO) in New Zealand. Details about what the advanced technology PRO will look like, its structure, form and function are to come.

    Read the Minister’s announcement:

    Boosting high-tech exports with advanced technology(external link) — Beehive.govt.nz

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    Source: Government of India

    WAVES 2025: A People’s Movement that Empowers Every Creator to be a Star

    WAVES Bazaar a resounding success; records business transactions worth more than Rs. 1328 crores with 3000+ B2B Meetings in 3 days; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    Member Nations adopt WAVES Declaration at Global Media Dialogue

    Investment worth Rs 50 crores in pipeline as part of WAVEX Startup Accelerator

    Indian Institute of Creative Technology (IICT) poised to be a milestone in capacity building for Creative Economy

    Create in India Challenge promises to foster Creative Economy in India

    Knowledge Reports unveiled at WAVES project India’s giant leaps in Creative Economy

    Posted On: 04 MAY 2025 7:48PM by PIB Mumbai

    Mumbai, 4 May 2025

     

    The premier edition of World Audio Visual and Entertainment Summit (WAVES 2025) concluded on a high note today in Mumbai, registering an overwhelming response from exhibitors, industry leaders, startups, policymakers, academia, and the general public. The summit emerged as a key convergence point for the media and entertainment ecosystem, drawing participation from every segment of the industry — from celebrated artists and influential content creators to tech innovators and corporate leaders. With a vibrant mix of exhibitions, panel discussions, and B2B collaborations, the event witnessed a remarkable turnout and reaffirmed India’s position as a rising global Powerhouse of media and entertainment.

    The celebration of creativity, technology, and storytelling began with the inauguration of its maiden edition by Prime Minister Shri Narendra Modi in a star-studded event held in Jio World Convention Centre. In his inaugural address, Prime Minister Modi remarked that WAVES is not just an acronym, it is a wave of culture, creativity and universal connectivity. The Prime Minister said that India is emerging as a global hub for film production, digital content, gaming, fashion, music and live concerts. He called upon the creators of the world to dream big and tell their stories; to the investors to invest not just in platforms, but in people; and to the Indian youth – to tell their one billion untold stories to the world. Declaring WAVES as the dawn of India’s Orange Economy, he urged the youth to lead this creative surge and make India a global creative hub.

    High-impact Knowledge Sessions

    Taking forward the vision of the Prime Minister, WAVES 2025, over the last four days, acted as a platform for high-level exchange of ideas, skills, and sectoral insights. The Conference Track of WAVES 2025 served as a vital forum for dialogue and collaboration, bringing together thought leaders, industry pioneers, policymakers, and professionals from across the globe. Through a carefully curated series of plenary sessions, breakout discussions, and master classes, the summit explored the latest innovations and emerging strategies shaping the future of the Media & Entertainment industry. The sessions enabled meaningful exchange of ideas, cutting across domains and specialisations.

    The maiden edition of WAVES will be known for the high impact knowledge sessions and the discourse covering a broad spectrum of topics, including Broadcasting and Infotainment, AVGC-XR, Digital Media, and Films. With more than 140 sessions featuring more than 100 international speakers, spread across three main halls (each accommodating over 1,000 participants) and five additional halls with capacities ranging from 75 to 150, the Summit maintained overwhelming attendance levels — with many sessions recording full occupancy.

    The plenary Sessions featured over 50 keynote addresses by eminent personalities such as Mukesh Ambani, Ted Sarandos, Kiran Mazumdar-Shaw, Neal Mohan, Shantanu Narayen, Mark Read, Adam Mosseri, and Nita Ambani. Their insights offered compelling perspectives on the evolving entertainment industry, advertising landscape, and digital transformation. Film icons including Chiranjeevi, Mohanlal, Hema Malini, Akshay Kumar, Nagarjuna, Shah Rukh Khan, Deepika Padukone, Allu Arjun, and Shekhar Kapur, many of whom were also members of the WAVES Advisory Board, engaged in thought-provoking conversations on the future of cinema and content creation in the age of virtual production and artificial intelligence.

    The 40 masterclasses at WAVES 2025 were designed to offer practical learning and creative exploration. Participants gained direct exposure to industry techniques through sessions such as The Art of Acting by Aamir Khan, Craft of Direction by Farhan Akhtar, and Insights into Filmmaking by Michael Lehmann. Other sessions explored behind-the-scenes narratives like the making of Panchayat by Amazon Prime, designing AR lenses, creating AI avatars, and developing games using generative AI. These sessions provided professionals and aspiring creators with actionable knowledge and tools to stay ahead in a rapidly evolving creative economy.

    WAVES also featured 55 breakout sessions, which provided a platform for in-depth discussions on specialised themes such as broadcasting, digital media, OTT, AI, Music, News, Live events, Animation, Gaming, Virtual production, Comics, and Filmmaking. These interactive sessions brought together senior professionals from leading companies including Meta, Google, Amazon, X, Snap, Spotify, DNEG, Netflix, and NVIDIA, along with representatives from industry bodies such as FICCI, CII, and IMI. Designed to encourage sector-specific insights and collaboration, the discussions addressed critical challenges and charted new directions for growth and innovation.

    WAVES Bazaar garners Rs 1328 crores in Business Deals; Govt of Maharashtra signs MoUs worth Rs 8000 crores in M&E Sector

    The inaugural edition of WAVES Bazaar, organized under the umbrella of WAVES, was a resounding success as it has established itself as a premier platform for international business collaboration in the creative industries. The marketplace recorded business deals or transactions worth Rs. 1328 crores across the film, music, radio, VFX, and animation sectors. Out of the total estimated outcome, Rs. 971 cr has been from B2B meetings alone. A key highlight of the Bazaar was the Buyer-Seller Market which witnessed over 3,000 B2B meetings. In a major achievement under international collaboration, Film India Screen Collective and Screen Canterbury NZ from New Zealand announced a collaborative proposal to launch the first-ever Indian Film Festival in New Zealand. Only Much Louder CEO Tushar Kumar and Alexander Zharov, CEO of Russian firm Gazprom Media CEO announcing early talks on a MoU to collaborate on cross-cultural festivals and co-produce comedy and music shows in Russia and India was another achievement. The announcement of the Prime Video & CJ ENM Multi-Year Collaboration was another highlight of the Bazaar as the strategic partnership was unveiled to distribute premium Korean content globally. The other milestones include the announcement of the film ‘Devi Chowdhurani,’ which became the India’s first official Indo-UK co-production, and the film ‘Violated’ which will be a co-production of Fusion Flicks from the UK and JVD Films.

    The Maharashtra government has also added business value to the summit by signing MoUs worth ₹8,000 crore at the WAVES. While MoUs worth ₹1,500 crore were signed each with the University of York and the University of Western Australia, the state’s Industries Department signed MoUs worth ₹3,000 cr and ₹2,000 cr with Prime Focus and Godrej respectively.

    Member Nations adopt ‘WAVES Declaration’ at the Global Media Dialogue 2025

    The Global Media Dialogue 2025, held during the World Audio Visual and Entertainment Summit (WAVES 2025) in Mumbai, was a landmark event with participation from 77 nations, underscoring India’s pivotal role in the global media and entertainment arena. The dialogue highlighted the power of international collaborations in fostering creativity while respecting cultural sensitivities. The member nations collectively adopted the ‘WAVES Declaration’, emphasizing the urgency of bridging the digital divide and leveraging media to promote global peace and harmony. The discussions underscored the profound role of films in uniting diverse cultures and the growing significance of individual stories in the creator economy, amplified by technological advancements.

    Dr. S. Jaishankar, Union External Affairs Minister, stressed the need for a synergy between technology and tradition, advocating for the empowerment of youth through skill development and innovation. Shri Ashwini Vaishnaw, Union Minister for Information & Broadcasting, highlighted the transformative impact of technology on content creation and the critical importance of fostering local content, co-production agreements, and joint funding initiatives. India’s “Create in India” challenges, which successfully identified over 700 global creators, were showcased, with plans to expand them to 25 languages in the next edition. This summit laid a robust foundation for future global cooperation in media and entertainment, emphasizing creative excellence and ethical content production.

    WAVEX: An Accelerator for Aspiring Start-ups in M&E Sector

    WAVES Start-Up Accelerator selected 30 M&E Start-Ups to pitch their unique ideas directly to a battery of heavy-weight investors like Lumikai, Jio, CABIL, WarmUp Ventures – among the 45 key angel investors on board. With over 1000 registrations, the initiative germinated investment discussions worth Rs. 50 crore that are in pipeline. Apart from this, over 100 Start-Ups exhibited their ideas and products to potential investors in the dedicated Start-Up pavilion. WAVEX as an initiative aims to create a palpable investment ecosystem for start-ups to thrive and grow by forming an angel investor network specifically focussed on the Media and Entertainment sector. Start-Ups from Tier 1 and Tier 2 shined at WAVEX and their founders took centre-stage. To facilitate such creators better, WAVEX will set up a network of incubators with dedicated mentors for handholding and investors for seed investment. WAVEX is unique as it facilitates ideas that do not have a tangible product yet, but have a solid potential.

    Key Knowledge Reports Released at WAVES 2025

    Dr. L. Murugan, Union Minister of State for Information & Broadcasting and Parliamentary Affairs, unveiled five pivotal reports at the WAVES Summit 2025 in Mumbai. These reports provide a comprehensive overview of India’s thriving media and entertainment ecosystem, covering key aspects like content production, policy frameworks, and live events.

    • Statistical Handbook on Media & Entertainment 2024-25:The Statistical Handbook, prepared by the Ministry of Information & Broadcasting, offers valuable data-driven insights into India’s media landscape. It highlights growth trends in broadcasting, digital media, film certifications, and public media services, providing essential information for future policymaking and industry strategies based on empirical evidence.
    • ‘From Content to Commerce’ by BCG:  Boston Consulting Group’s Report highlights the explosive growth of India’s creator economy, estimating 2 to 2.5 million active digital creators. These creators influence over $350 billion in annual spending, with projections to surpass $1 trillion by 2030. It emphasizes building long-term, authentic partnerships over transactional engagements with creators.
    • ‘A Studio Called India’ by Ernst & Young: Ernst & Young’s Report envisions India as a global content hub, leveraging its linguistic diversity, rich culture, and technological expertise. It highlights India’s 40%-60% cost advantage in animation and VFX services and growing international demand for Indian OTT content, strengthening India’s role in global cultural diplomacy.
    • Legal Currents and Live Events Industry Reports: Khaitan & Co.’s Legal Handbook covers vital issues such as influencer marketing and compliance norms, helping media stakeholders navigate India’s regulatory landscape. Additionally, the White paper on India’s live events industry outlines the sector’s 15% growth rate, advocating for upgraded infrastructure and streamlined licensing processes to support the booming sector.

    Indian Institute of Creative Technology: A National Centre of Excellence

    Indian Institute of Creative Technology (IICT)— a National Centre of Excellence being set up in Mumbai is poised to be a milestone in capacity building for Creative Economy. Dedicated exclusively to the AVGC-XR sector, the establishment of the Institute was formalized on Day-3 of WAVES 2025. WAVES also witnessed the signing of strategic MoUs with Industry Associations to transform IICT as a world-class institution in the M&E Sector. Union Minister Shri Ashwini Vaishnaw, who ceremonially flagged off these strategic associations, emphasized India’s potential to become a global leader in media and entertainment, stating that IICT is on track to evolve into a premier institution in its field, much like how IITs and IIMs have become benchmarks in technology and management education. Some companies who have extended their hands for long-term collaborations are JioStar, Adobe, Google & YouTube, Meta, Wacom, Microsoft and NVIDIA.

    Create in India Challenge & CreatoSphere: A Global Celebration of Creative Talent

    One of the standout highlights of WAVES 2025 was the grand culmination of the Create in India Challenge (CIC) Season 1, which drew nearly one lakh registrations from over 60 countries. Launched as a flagship initiative under WAVES, CIC brought together creators across age, geography, and disciplines, spanning animation, XR, gaming, AI, filmmaking, digital music, and more. The initiative has transformed every creator who participated to be a star.

    From 32 imaginative and future-forward challenges emerged 750+ finalists, including 1100+ international participants. These talented individuals showcased their work at Creatosphere, a dedicated innovation zone at WAVES, where they presented their projects, could network with industry leaders for potential associations.

    Beyond just a competition, the Create in India Challenge evolved into a movement celebrating diversity, youth energy, and storytelling rooted in both tradition and technology. With finalists ranging from 12 to 66 years of age, and strong participation from all Indian states and UTs, the initiative embodied inclusivity and aspiration. The Creatosphere was also a launchpad for themes like grassroots innovation, drone storytelling, and future-ready content offering a glimpse into the creative India of tomorrow. As Union Minister Ashwini Vaishnaw aptly said during the award ceremony of CIC, “The journey has just begun.” And with initiatives like the Indian Institute of Creative Technology on the horizon, the momentum is only growing stronger.

    8th National Community Radio Sammelan and National Awards for CRs

    Organized as part of the WAVES, the 8th National Community Radio Conference in which Union Minister of State Dr. L. Murugan honored 12 outstanding community radio stations with National Community Radio Awards at the event. Dr L. Murugan congratulated the winners and said that the national conference is aimed to strengthen the community media landscape in India through innovation, inclusiveness, and impact. The conference brought together representatives from more than 400 Community Radio (CR) Stations across the country on one platform to provide an opportunity for dialogue and collaboration. At present, there are 531 CR Stations across the country.

    Bharat Pavilion – India’s Journey from Kala to Code

    The Bharat Pavilion, an immersive viewing zone that took visitors through the continuum of India’s storytelling traditions at WAVES 2025, has received an overwhelming reception and response from the public. The Pavilion, under the theme “From Kala to Code”, offered a compelling narrative of India’s evolution in media and entertainment—from oral and visual traditions to cutting-edge digital innovations.

    The Pavillion presented the soul of India, balancing our rich cultural heritage with the new waves of technical advancements that are already underway. On the inaugural day of WAVES 2025, Prime Minister Shri Narendra Modi visited the Pavilion. Chief Minister of Maharashtra, Shri Devendra Fadnavis, External Affairs Minister Shri S. Jaishankar, Union Minister Shri Ashwini Vaishnaw and many other dignitaries visited the pavilion and appreciated its role in telling the story of Bharat. The pavilion also garnered huge footfall, leaving people in awe and wonder on discovering the many treasures of our nation.

    Celebrating India’s creative journey, the Bharat Pavilion was not just an exhibition of content but a powerful expression of India as a creator. It projected India’s cultural depth, artistic excellence, and emerging dominance in global storytelling.

    WAVES concludes with the promise of bright future for Creative Economy

    WAVES 2025 has set a benchmark as a global platform that seamlessly brought together creativity, commerce, and collaboration. From visionary policy announcements and landmark international agreements to robust business deals and groundbreaking startup investments, the summit underscored India’s growing stature as a global leader in the creative economy. The adoption of the WAVES Declaration by 77 participating nations and the success of the WAVES Bazaar and WAVEX Accelerator collectively signal a future anchored in innovation, inclusivity, and international partnerships. As the curtains fall on this historic first edition, WAVES has not only showcased India’s creative prowess but has also catalysed a sustained global movement — one that will continue to inspire, invest in, and elevate the voices of creators worldwide.

     

    For official updates on realtime, please follow us: 

    On X : 

    https://x.com/WAVESummitIndia

    https://x.com/MIB_India

    https://x.com/PIB_India

    https://x.com/PIBmumbai

    On Instagram: 

    https://www.instagram.com/wavesummitindia

    https://www.instagram.com/mib_india

    https://www.instagram.com/pibindia

     

    * * *

    PIB TEAM WAVES 2025 | Rajith/Lekshmipriya/Poushali/Swadhin/Sriyanka/Riyas/Nikhitha/ Darshana | 178

    (Release ID: 2126844) Visitor Counter : 68

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Text of the Vice-President’s address at the inauguration ceremony of BRONCOCON 2025 in New Delhi (Exceprts)

    Source: Government of India

    Posted On: 04 MAY 2025 5:16PM by PIB Delhi

    Good evening, all of you.

    Distinguished audience, this conference, BRONCOCON 2025, has come not a day too soon because it addresses issues that are writing on the wall. Issues of huge contemporaneous relevance. It gives me immense pleasure. I take it as an absolute honour to inaugurate the 27th Annual Conference of the Indian Association for Bronchology. The Institute is known for its hallmark excellence in respiratory medicine and innovation.

    I’m sure the deliberations will be extremely fruitful. There will be ideation, exchange of ideas and interaction amongst people who are dealing with this menace to humanity that is ballooning by the day. BRONCOCON, according to me, is bound to be a crucible of ideas, redefining the future of pulmonary care in India and beyond, and this is gaining urgency, this is gaining paramountcy, this is gaining absolute attention. 

    With over hundreds of brilliant minds dedicated to respiratory care, I’m reminded that each breath, that fundamental act of living that defines that we are living, is what your profession protects. You are protecting our lives. Your theme, very well thought out. Beyond the scope, evolving frontiers in pulmonary procedures. This demonstrates remarkable foresight because the issues are known to one and all.

    Everyone is concerned and we live in a city where this dominates our mindset for months together. We know the evil consequences of this issue not being addressed. It is cancerous for society. Much beyond COVID, if we analyse the loss for our children, for our elderly citizens and for our youth, apart from those far before me.

    The future of pulmonary care lies at the intersections of medicine, technology, environmental science, public policy and community engagement. All are vital to address this problem. Gone are the days when either education or solutions could be by stand-alone institutions. There has to be concerted effort. There has to be convergence of all stakeholders. They have to be on the same page to find resolution of a problem which is diagnosed by everyone in a city like Delhi and beyond.  Pulmonologists and bronchologists have been silent sentinels of public health, moving to the frontline during, and who knows better than me, as Governor of the State of West Bengal. COVID-19, what a challenge it was.

    I salute your tireless efforts across clinics, ICUs, labs, classrooms and policy-making arenas. When the challenge was so huge, humanity in a non-discriminatory fashion came to face this menace, home to one-sixth of humanity in the land of Atharva Ved, showed the way. We could easily find light at the end of a tunnel and also show light to about hundred other countries that are ever beholden to us. Indian pulmonology has transformed through growing clinical expertise, public awareness and technological adoption.

    India, distinguished audience is a land which is witnessing at the moment accessibility to technology, adaptability to technology and technology delivering for the people at large, but in this field also much has to be negotiated. As I just indicated a while ago, our ancient texts, particularly Atharva Ved and envisions, health as a perfect balance of body, mind and spirit. It recognises breath as ‘pran’. If it goes, ‘pran’ doesn’t exist in us.

    The vital life force connecting individual wellness with environmental harmony. The importance of health can be visualised. A talented person, a person with passion, mission, ability for execution, for public causes, can be severely handicapped on account of health not being in order.

    So such a well-meaning person whose commitment is not in doubt, passion is on the right path, mission is for people at large, execution ability is recognised, he himself becomes a person in need and therefore health is all-important. Our traditional wisdom teaches that respiratory health is inseparable from nature’s equilibrium, reckless exploitation of nature. We are its trustees and we have become its owners and we are exploiting not for optimal need but for our greed.

    A time for all of us to think. Our physical prowess, our financial power cannot determine how we use these resources which are meant not only for individual serving having means but have to be utilised equitably for one and all. It is time for us to go back to our wisdom and knowledge that is our treasure recognised by the globe. We have to see indigenous practices of seasonal living. Our elderly people always say to use vegetables which are being grown around the same time. Use fruits which are there around the same time.

    Forest conservation and dietary wisdom align remarkably with modern preventive medicine. We therefore have to go back to our roots. No time is better than this because the might of Bharat is being realised, reckoned and recognised by the global powers, by the global fraternity. And it is in this context I remind the distinguished audience the time-tested science of ‘Yoga and Pranayama’. These offer profound solutions but imagine the Indian Prime Minister takes this vision to the global community, makes an appeal to the United Nations. The shortest time the largest number of nations converge to support it and we are now celebrating International Yoga Day.

    The population on the planet is uniformly benefiting thereby. Then we have techniques like Anulom Vilom, Bhastrika, Kapalbhati and when I see these being demonstrated on television. I find many people instantly want to take to these, but I will appeal particularly to our youth, impressionable minds to learn it once for all. If you learn the technique once your approach will be stable, sustained, not tentative. These afford not solutions but are recipes for longevity. They enhance immunity, they generate us stress-free, our vitality goes up, the quotient of happiness is enhanced. This will obviously lead to higher productivity.

    Modern research has validated that our ancient practices are scientific. Our ancient practices are extremely potent. They afford precautionary, preventive solutions. The integration of traditional wisdom into modern scientific research is the need of the time and I am sure those dealing with contemporary medicine research will address this issue. The surge in interventional pulmonology enables targeted life enhancing interventions. Deploying these at district level health care centres could accelerate our national tuberculosis elimination programme. If metros are fully equipped that is not a solution. We have to reach out up to district level, both in terms of availability and affordability. While lung cancer remains a leading cause of cancer mortality, early detection technologies not only offer hope but confidence that the problem can be addressed.

    We must expand from the practice of medicine to the reach of medicine ensuring, as I said earlier, affordability and accessibility. Fortunately the government by affirmative policies has done much in this direction but it is the health and mindset of people of a nation that define the nation and health defines the mindset. If we believe and want everyone to believe that our mindset must be nationalistic, we must always keep nation first. No interest whatsoever personal, partisan or fiscal can have overriding impact or national interest but then that requires the first aspect.

    Consider the lived realities and now I seek your attention. Look at the plight of children who are close to industrial areas. Look at those tender souls. The elderly exposed to biomass smoke. The farmer faces parali or crop burning issues. The factory worker inhales chemicals, dust. Invisible citizens whose lives are shaped by the air we breathe.

    I still recall a person in another country handling the health department in another country saying a sick child is an assurance to the doctors for their work and pharmaceutical companies for survival. We don’t want that scenario. It will be too much for us to go for air purifiers. Selective solutions in democracy do not reflect well on democracy. Solutions have to be for one and all because equality is the hallmark of democracy and we have equality when iniquitous situations are contained in a systemic manner.

    As indicated in one report just a year ago in February 2024, respiratory diseases continue India’s largest disease category and account for one-sixth of our population. Just imagine what a staggering figure it is. Asthma arises among children. COPD robs adults of productivity. Tuberculosis persists and tuberculosis is a situation that affects the entire family. Fortunately now the treatment is there. There was a time when there was no treatment. So what is more fundamental is diagnosis. Early diagnosis your treatments emanate easily. The psychological toll, just imagine someone suffering from TB, someone suffering from cancer, the psychological toll not on the only patient but on the family’s huge.

    Fortunately now there is hand-holding for the physical part of it but then also much needs to be done. Then there is stigmatisation. Rather than hand-holding we keep to distance ourselves out of ignorance. Environmental factors include and who doesn’t know it, air pollution.

    Just reflect today. Air pollution index in this city, you’ll be amazed.  When you look at the desirable index and we’re getting away from it. But what is concerning is we are not serious about it. Like climate change, existential challenges, we don’t have another planet to live, but everyone thinks it is anybody else’s job. The job is of one and all. We are cliff hanging. We need to be awake. Then apart from air pollution, vehicular emissions. We don’t pool our resources. We would like to show our wealth by having as many cars as we can have. We have to find a systemic solution. Thankfully our public transport system is being strengthened. We are falling back on alternative automobile culture, but let’s do it while there is time.

    Human behaviour, what we use, our level of nutrition and suddenly a new term has emerged in last few decades. Lifestyle disease is something which is correctionable at the level of an individual, at the level of the family, at the level of the society. The problems are compounded because they get in a stream making life of individuals difficult. But I am not in despair. I am full of hope, optimism and confidence. That when there is convergence of mind like yours, the mind that will ideate, the mind that will engage in research.

    Let me caution you, research has to be authentic, research must be connected with ground results. Research is not meant for oneself or self, research is not to be for the self. Research is not assimilation. Research has to be real research that not only the nation but countries beyond us can take benefit of it.

    Fortunately in our country there is a revolution of green energy, redotting our rural landscape massively but we need to do more on this. We need accelerated phasing out of old vehicles. People have to understand that an old vehicle has to be discarded for reasons that concern our health. Merely because an old vehicle is functional on the road, does not reflect on its road worthiness, that has to be done.

    I said public transportation. We must take pride in using public transportation. Our ego should not come in between. In many countries this is done and here also the safest, fastest, surest way to reach an airport is through a metro. But that is something we need to make a habit of.

    Look at our urban lungs – water bodies, forests and tree cover. In our Vedic culture we reward them, we worship them. Now we are using it for our own gain. We are destroying our respiratory system that nature has given to us. People go for indoor plants, air purifiers out of necessity. Not recognising that this is indicative of a deep malice that is permeating in the society. Your miniscule solution is temporary for you. You have to find a systemic solution. Systemic solution is one that improves the world.

    I deeply appreciate the medical community in our country. Your role transcends healing, encompassing innovation, advocacy, education and inspiration. When we faced pandemic, this was demonstrated. People came with their own ideas and they were safe from Covid.

    I therefore appeal to all of you that we must bridge medicine with data science, environmental studies, engineering and artificial intelligence. Artificial intelligence or let us put it in a broad term, disruptive technologies, these have entered our home, our way of life, our workplace, our research centres.

    Disruptive technologies are much beyond the impact of industrial revolutions but the challenges have to be converted into opportunities. According to me, distinguished audience, it is a myth that this technology, when employed, will cut into human resource employability – No. You have to tame the technology, you have to use it for our advantage, and I’m sure you’ll work it out. You are working for a robust environment for us all. Your deliberations are bound to be absolutely wholesome for all of us.

    Let us resolve on this day to build a future where every citizen breathes easily, breathes clean air, lives longer, and dreams bigger. Health is the first factor that deprives happiness. May your deliberations be fruitful and transformative.

    ‘सर्वे भवन्तु सुखिनः सर्वे सन्तु निरामयाः’ is something we have got from our scriptures to be practised.

    I am grateful for the Vice-President here, who is also chairman of BRONCOCON 2025, Dr. Vivek Nangia, also Dr. R.P. Meena, the president, and the secretary, Dr. Amita Nene, for affording me this opportunity to interact with brilliant minds, minds that have passion without personal interest, a mission that is not selective, and execution that is uniform, that is helping one and all — ‘Vasudhaiva Kutumbakam.’

    Thank you.

    ****

    JK/RC/SM

    (Release ID: 2126780) Visitor Counter : 25

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Strengthening India-Belgium Partnership: Shri Piyush Goyal Meets Belgian Minister of Foreign Trade Mr. Theo Francken and Minister-President of Flanders Mr. Matthias Diependaele

    Source: Government of India

    Posted On: 04 MAY 2025 7:55PM by PIB Delhi

    Union Minister of Commerce and Industry, Shri Piyush Goyal, held a productive meeting in Brussels on 2nd May 2025 with Belgian Minister of Defence and Foreign Trade Mr. Theo Francken and Minister-President of the Flanders region Mr. Matthias Diependaele to strengthen the Indo-Belgian partnership across trade, technology, investment, and innovation. This engagement follows the March 2025 visit of HRH Princess Astrid of Belgium to India, where her meeting with Prime Minister Narendra Modi underscored the shared ambition to unlock new avenues for collaboration in trade, technology, defence, agriculture, life sciences, innovation, skilling and academic exchanges. The over 300-member Belgian Economic Mission, led by Princess Astrid, infused fresh momentum into this dynamic bilateral relationship. Both sides reaffirmed their commitment to building on this momentum to forge resilient, future-focused ties that enhance mutual growth and contribute to a more integrated global economic framework.

    The discussions highlighted growing economic synergies and focused on scaling bilateral trade, fostering industrial collaboration, and deepening investments in strategic sectors such as semiconductors, clean energy, defence production, and pharmaceuticals.The Flanders region, recognized as Belgium’s economic engine, was highlighted as a critical partner with its advanced manufacturing ecosystem, R&D infrastructure, and its strategic role as a European gateway. With India already the world’s fastest-growing major economy and widely expected to remain so over the next two decades ahead—driven by a young, aspirational population and a dynamic reform-oriented environment—the growth story presents an unprecedented opportunity for India and Belgium.

    The two sides reaffirmed their shared vision of mutual prosperity and resilient economic cooperation amidst evolving global challenges. Minister Goyal reflected on India’s transformative economic journey over the past decade, emphasizing reforms that have empowered citizens and entrepreneurs alike. “The last eleven years have not only been about economic upliftment, but about enabling aspirations,” he stated.

    The meeting also reviewed progress in EU–India Free Trade Agreement (FTA) negotiations, with both parties recognizing the need to address tariff and non-tariff barriers to enhance market access. Minister Goyal reiterated India’s position as a trusted and long-term economic partner for Europe’s growth, remarking, “India is not just a market of the future—it is a collaborator of trust.”

    Belgium remains one of India’s most significant economic partners in Europe. It is India’s 5th largest trading partner within the EU, with bilateral trade reaching USD 15.07 billion in 2023–24. Belgian FDI in India has totaled USD 3.94 billion from April 2000 to September 2024, including a remarkable 39% growth—USD 1.1 billion—in the past year alone. Bilateral cooperation spans a wide array of sectors including defence manufacturing, green hydrogen, nano-electronics, nuclear medicine, and pharmaceutical R&D, reflecting the expanding depth and strategic nature of the Indo-Belgian economic relationship. Both sides agreed to strengthen high-level engagements and facilitate regular visits by business delegations to accelerate trade and investment outcomes.

    ***

    Abhishek Dayal/Abhijith Narayana

    (Release ID: 2126845) Visitor Counter : 56

    MIL OSI Asia Pacific News –