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Category: Commerce

  • MIL-OSI: Aurora Mobile’s Overseas Cumulative Contract Value Surpasses RMB100 Million, Fueled by New Contracts in First Quarter of 2025

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 22, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that the cumulative contract value of its overseas businesses exceeded RMB100 million, as of March 31, 2025. During the first quarter of 2025, the Company signed new contracts with total value over RMB50 million. Revenue from these new contracts will be recognized in the Company’s financial statements according to their respective terms and conditions and service periods.

    In 2022, Aurora Mobile launched EngageLab, a forward-looking product designed for overseas markets. With its precise strategy and use-case driven technical services, EngageLab quickly gained a competitive edge and market recognition. With customers from 37 countries and regions worldwide, EngageLab’s strong performance has become the primary driver of the Company’s overseas revenue growth and established a solid foundation for the Company’s future development.

    Mr. Weidong Luo, Chairman and Chief Executive Officer of Aurora Mobile, commented, “Breaking through RMB50 million in contract value for our overseas business in a single-quarter is a historic milestone for our company. This achievement reflects the growing global recognition of EngageLab, and its competitive advantage in multi-channel user engagement solutions. It attests to our market position as the preferred partner for businesses worldwide. EngageLab continues to fuel our growth by expanding our customer base and partnerships.”

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI Economics: Public Statement Concerning the Imposition of a Civil Penalty on Income Plus Services Limited (‘IPSL’)

    Source: Isle of Man

    1. Action

    1.1 The Isle of Man Financial Services Authority (the “Authority”) makes this public statement in accordance with powers conferred upon it under each of section 27 of the Designated Businesses (Registration and Oversight) Act 2015 (the “Act”) and regulation 5(7) of the Anti-Money Laundering and Countering the Financing of Terrorism (Civil Penalties) Regulations 2019 (the “Regulations”).

    1.2 The making of such public statement supports the Authority’s regulatory objectives of, among other things, securing an appropriate degree of protection for customers of persons carrying on a regulated activity, reducing financial crime and maintaining confidence in the Isle of Man’s financial services industry.

    1.3 Following an inspection of IPSL by the Authority under section 14 of the Act (the “Inspection”), which identified a number of contraventions by IPSL in relation to the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 (the “Code”), and the opening of a formal investigation (the “Investigation”), the Authority has deemed it reasonable, proportionate and appropriate, in all the circumstances, that IPSL be required to pay a civil penalty imposed under the Regulations.

    1.4 The Regulations allow for penalties to be imposed at two levels depending on the seriousness of the contraventions of the Code identified. Penalties imposed equate to a percentage of the Relevant Person’s income (as such terms are defined in the Regulations). In this instance, the Authority has deemed that the contraventions of the Code identified, in all of the circumstances, merit that a civil penalty be imposed in the higher, Level 2, penalty bracket.

    1.5 The civil penalty imposed on IPSL is the sum of £48,356, which is discounted by 30% to £33,850 (the “Civil Penalty”).

    1.6 The level of the Civil Penalty reflects the fact that IPSL co-operated with the Authority and agreed settlement at an early stage.     

          

    2. Background

    2.1 IPSL at all material times has been registered with the Authority as a Payroll Agent under the Designated Business (Registrations and Oversight) Act 2015.

    2.2 In July 2023 the Authority held a business meeting with IPSL where it was noted that there were considerable gaps in the firm’s Anti-Money Laundering and Countering the Financing of Terrorism (“AML/CFT”) control framework and overall understanding of risk. The Authority subsequently conducted a risk-based Inspection of IPSL in December 2023. During the AML/CFT inspection of IPSL the Authority identified a significant number of contraventions of the Code (the “Contraventions”).  The subsequent Authority Investigation confirmed the findings of the Inspection.

    2.3 IPSL has engaged positively with the Authority throughout this matter in a timely and constructive manner.

    2.4 IPSL proactively engaged an independent third-party professional to help progress its remediation plan. The remediation plan was completed within a timescale agreed with the Authority.

     

    3. Key Findings from Inspection Report and Investigation

    Contraventions of the Code identified by the Inspection included:

    3.1 IPSL failed to establish, record, operate or maintain procedures and controls relating to its Business Risk Assessment (“BRA”), Customer Risk Assessment (“CRA”), customer screening, ongoing monitoring, including transaction monitoring, and monitoring and testing compliance with the AML/CFT legislation (paragraph 4 of the Code).

    3.2 IPSL’s BRA did not consider all the risk factors detailed in paragraph 5(3) of the Code and was not an assessment which estimated the risks of ML/FT posed by the business and its customers (paragraph 5 of the Code).

    3.3 IPSL’s CRA did not amount to a CRA under paragraph 6 of the Code. It was therefore concluded that IPSL had not carried out an adequate assessment of the ML/TF risk of its customers. The CRA had no regard to the risk factors detailed in paragraph 6(3) of the Code and did not involve any risk assessment process or methodology (paragraph 6 of the Code).

    3.4 IPSL did not demonstrate that it had adequate procedures and controls for new business relationships as required by the Code, that it was at all times taking reasonable measures to verify the identity of new customers, and it did not take reasonable measures to establish the source of funds (“SOF”) of new clients (paragraph 8 of the Code).

    3.5 IPSL undertook no ongoing monitoring or screening of customers to check for exposure to sanctions, PEP or adverse information as required by the Code. IPSL’s failure to establish SOF before a business relationship was entered into meant it was not in a position to scrutinise transactions to determine whether or not they were consistent with the expected SOF of a transaction. As no CRA was undertaken, IPSL was unable to determine whether transactions were consistent with the customer’s business and risk profile (paragraph 13 of the Code).

    3.6 IPSL did not establish, record, maintain or operate appropriate procedures and controls for the purpose of determining whether any customer (amongst other individuals) was, or subsequently became, a Politically Exposed Person (“PEP”) (paragraph 14(1) of the Code).

    3.7 IPSL did not have procedures and controls in place for monitoring and testing compliance with the AML/CFT legislation. No reports were produced in accordance with the requirements of paragraph 30(2) of the Code. Such reports are required at least annually and serve as a confirmation of the firm’s adherence to its legal obligations and the robustness of its AML/CFT framework (paragraph 30(2) of the Code).

     

    4. Key Learning Points for Industry

    4.1 The Isle of Man National Risk Assessment 2020 assesses the money laundering risk for Payroll Services as ‘Medium’, with terrorist financing being assessed as ‘Medium Low’. IPSL’s failure to maintain adequate AML/CFT procedures and controls, as required by the Code, made it more vulnerable to being used for money laundering. The contraventions were systemic and evidenced that IPSL had materially contravened the Code over a long period.

    4.2 The procedures and controls as required by the Code, are vital to help protect the Relevant Person, their staff, their business and their communities from the threat of being used or abused by criminals or those assisting or enabling criminals. Relevant Persons must demonstrate they are protecting themselves in order to make their domain as hostile as possible to those who would abuse them. In this way, the procedures and controls are vital for the effective prevention of ML/FT and the harm that crime, terrorism and the proliferation of weapons of mass destruction present for wider society.

    4.3 Ongoing monitoring of customers helps identify and mitigate potential risks associated with money laundering and terrorist financing. By continuously reviewing client activities and transactions, firms can detect suspicious behaviour early and take appropriate action. Regular screening against sanction lists, PEPs, and adverse media ensures that firms are aware of any changes in their clients’ risk profiles. This allows for enhanced due diligence when necessary.

    4.4 Compliance with the Code is a legal requirement; all firms undertaking business in the regulated sector have an obligation to conduct their affairs in a manner that adequately mitigates the risks faced by it in order to ensure that the Isle of Man retains its reputation as a responsible, and well regulated, international financial centre. The Authority is committed to taking reasonable, proportionate and appropriate action to address contraventions of the Code in order to help it achieve its regulatory objectives of protecting consumers, reducing financial crime and maintaining the reputation of the Isle of Man’s finance sector through effective regulation.

    4.5 The directors of all firms undertaking business in the regulated sector bear ultimate responsibility for ensuring the effective implementation and ongoing compliance with the Code. In particular, they must ensure that the (at least) annual review mandated by paragraph 30(2) of the Code is conducted diligently and comprehensively. This review is not merely a procedural formality, but a critical mechanism for evaluating the firm’s adherence to its legal obligations and the robustness of its AML/CFT framework. Directors must actively oversee the planning, execution, and documentation of this review, ensuring that it is;

    i. conducted by competent personnel with sufficient expertise and resource;

    ii. covers relevant aspects of the firms AML/CFT policies, procedures and controls;

    iii. identifies and addresses any deficiencies or weaknesses in a timely manner; and

    iv. is documented thoroughly, providing a clear audit trail of the review’s findings and any remedial actions taken.

    4.6 Directors must demonstrate a proactive and informed approach to this review, recognising its significance in safeguarding the firm from financial crime risks and maintaining the integrity of the Isle of Man’s financial system. Their active involvement is essential in fostering a culture of compliance throughout the organisation and demonstrating a clear commitment to their AML/CFT obligations.

    4.7 In today’s rapidly changing regulatory environment, it is essential for firms to stay up-to-date with the evolving AML/CFT framework. The Authority remains committed to work with industry to enhance the Isle of Man’s ability to meet its international AML/CFT standards and has a number of AML/CFT resources on its website and other social media platforms including webinars and sector specific guidance.

     

    MIL OSI Economics –

  • MIL-OSI USA: Former Defense Contractor Pleads Guilty to Tax Crimes

    Source: US State of California

    Defendant Admits Concealing 50% Ownership of $7B Defense Contracting Business to Evade Taxes

    A former defense contractor pleaded guilty today to tax crimes related to his scheme to defraud the United States and evade taxes on income that he earned from his contracts with the U.S. Department of Defense.

    The following is according to court documents and statements made in court: Douglas Edelman founded and owned 50% of Mina Corp. and Red Star Enterprises (Mina/Red Star), a defense contracting business that received more than $7 billion from contracts with the U.S. Department of Defense to provide jet fuel in the United States’ post-9/11 military efforts in Afghanistan and the Middle East.

    Working with others, Edelman engaged in a lengthy scheme to hide his Mina/Red Star profits to evade U.S. taxes, including by concealing his income in undisclosed foreign bank accounts, creating false documents and making false statements that one of his co-conspirators — a French citizen residing abroad and without U.S. tax obligations — founded and owned Mina/Red Star.

    For example, when the company became profitable in 2005, Edelman began taking distributions which he deposited into Swiss bank accounts, primarily at Credit Suisse, in the name of other companies he owned. In 2008, Credit Suisse informed Edelman that he had to either close his accounts or disclose them to U.S. authorities. Rather than come into compliance with his tax and reporting obligations, Edelman closed his accounts and opened new ones at Bank Julius Baer in Singapore in the name of a nominee entity, the beneficiaries of which were purportedly Edelman’s daughters. He then directed the subject income he earned from Mina/Red Star to those bank accounts.

    In 2010 the U.S. House of Representatives Committee on Oversight and Government Reform’s Subcommittee on National Security and Foreign Affairs began investigating allegations of corruption in connection with Mina/Red Star’s contracts with the Department of Defense. As part of this inquiry, the subcommittee became interested in the identity of Mina/Red Star’s owners. At this time, Edelman had not filed U.S. tax returns to report the millions of dollars he had earned from Mina/Red Star and had not paid U.S. taxes on his income.

    Rather than disclose his ownership, Edelman caused his attorneys to tell Congress a false story that a French co-conspirator who had no U.S. tax or reporting obligations founded and co-owed Mina/Red Star with another individual. To corroborate the false story, Edelman and a co-conspirator caused false and backdated paperwork to be created.

    To continue the scheme, Edelman conveyed the false story about Mina/Red Star’s ownership to other arms of the U.S. government, including to the Department of Defense during contract negotiations in 2010 and 2011, to the IRS in a 2016 application to the Offshore Voluntary Disclosure Program, and to the Justice Department in a 2018 presentation.

    In conjunction with his 2016 application to the IRS’s Voluntary Disclosure Program, Edelman filed false tax returns for several prior years that only reported income from gifts or purported consulting payments, continuing to conceal the millions he had earned from his company. On the returns, he  also concealed profits he had earned from a separate business to provide internet service to members of the armed forces at Kandahar Air Base in Afghanistan.

    Instead of paying the taxes that he knew he owed, Edelman used the money to fund his lifestyle and additional investments. He invested in a music television franchise in Eastern Europe, a land venture in Tulum, Mexico, and a farm in Kenya, and purchased property around Europe, including a home in Ibiza, Spain, and a townhouse in London.

    Edelman faces a maximum penalty of five years in prison for each count to which he has pleaded. He also faces a period of supervised release, restitution, and monetary penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division, U.S. Attorney Jeanine Ferris Pirro for the District of Columbia, and Executive Special Agent in Charge Kareem Carter of the Criminal Investigation (IRS-CI) Washington, D.C., Field Office made the announcement.

    Special agents from IRS-CI’s International Tax & Financial Crimes specialty group, a team based out of Washington, D.C., that is dedicated to uncovering international tax crimes, along with the Special Inspector General for Afghanistan Reconstruction are investigating the case. The Justice Department’s Office of International Affairs assisted in the investigation. Also providing assistance were His Majesty’s Revenue & Customs of the United Kingdom; the Joint Chiefs of Global Tax Enforcement (J5), which brings together the taxing authorities of Australia, Canada, the Netherlands, the United Kingdom, and the United States; and authorities from Belize, Israel, and Cyprus.

    The Government of the Kingdom of Spain arrested and extradited Edelman to the United States. The Justice Department’s Office of International Affairs also provided substantial assistance in securing Edelman’s arrest and extradition.

    Assistant Chief Sarah Ranney and Trial Attorney Ezra Spiro of the Tax Division and Assistant U.S. Attorney Joshua Gold for the District of Columbia are prosecuting the case. 

    MIL OSI USA News –

  • MIL-OSI Economics: How is biodiversity shaping the future of business?

    Source: International Chamber of Commerce

    Headline: How is biodiversity shaping the future of business?

    Can there be business without biodiversity?

    No. Biodiversity underpins our collective survival, well-being and global economy.

    According to research, over half of the world’s GDP is moderately or highly dependent on nature and what it has to offer.

    The good news is that the critical role of nature is being increasingly recognised in decisions made by businesses and financial institutions across their operations, value chains and investments.

    How can economic development and natural preservation go hand in hand?

    One way we can enable economic development and the preservation of our natural environment is by promoting the sustainable use of biodiversity, which is a key pillar of the Convention on Biological Diversity (CBD). The global agreement aimed at conserving the diversity of life on Earth was adopted in 1992.

    Companies are increasingly seeking ways to play their role in creating economic opportunities while fulfilling their responsibilities towards society and the environment. To do so, businesses can evaluate how their activities impact and depend on nature and nature-related risks, and use these insights in a meaningful way.

    And what can governments do?

    Governments can design supportive policies that encourage companies to adapt their operations and strategies in a way that biodiversity is maintained, and if possible, enhanced.

    Businesses can and should be part of the solution to find paths to ensure that economic development is sustainable and in harmony with nature.

    And what is the role of research and innovation?

    Research and innovation is one way of making sustainable use of biodiversity to develop knowledge and solutions to tackle societal and environmental challenges. Enabling frameworks are needed to stimulate and support nature-based innovation which can form the basis of a sustainable bioeconomy and contribute to biodiversity conservation.

    As the institutional representative of over 45 million companies worldwide, ICC is working with governments and other stakeholders to develop enabling frameworks for companies to share benefits from the use of biodiversity that can meaningfully support biodiversity conservation as well as research and innovation.

    To understand what is needed to make the CBD’s multilateral benefit sharing mechanism work from a business perspective read our business views on a multilateral benefit sharing mechanism.

    Related publications

    • Sustainability

    Business committed to secure robust and workable benefit sharing regime at COP16, says ICC  

    • Sustainability

    COP16: Business views on a multilateral benefit sharing mechanism

    MIL OSI Economics –

  • Jaishankar meets Danish PM Frederiksen, discusses green partnership and anti-terror cooperation

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister S. Jaishankar held a series of high-level meetings in Denmark on Wednesday, aimed at deepening Indo-Danish ties and reinforcing strategic cooperation on key global challenges, including counter-terrorism and green partnerships.

    Jaishankar’s visit to Copenhagen is part of his ongoing three-nation tour to the Netherlands, Denmark, and Germany from May 19 to 24. After concluding a successful two-day official visit to the Netherlands, where he engaged in bilateral discussions, Jaishankar reached Denmark to further India’s diplomatic outreach in Europe.

    Jaishankar was received by Danish Prime Minister Mette Frederiksen in Copenhagen, where the two leaders held discussions aimed at advancing the India-Denmark Green Strategic Partnership. The talks highlighted the shared commitment of both nations to sustainable development and climate action. In a post on X, Jaishankar said, “Thank PM Mette Frederiksen for warmly receiving me in Copenhagen this evening. Conveyed the personal greetings of PM Narendra Modi. Thank Denmark for its solidarity and support in combating terrorism.”

    A key highlight of the visit was Jaishankar’s meeting with Danish Foreign Minister Lars Lokke Rasmussen. The two ministers discussed ways to further strengthen India-Denmark relations and exchanged views on key global developments. Jaishankar lauded Denmark’s consistent support for India’s stand against terrorism. “Delighted to meet FM Lars Lokke Rasmussen in Copenhagen this evening… Our wide-ranging conversation on bilateral ties and global issues testifies to the strength of our relationship,” he said on X.

    Earlier on Wednesday, Jaishankar also met Morten Bodskov, Denmark’s Minister for Industry, Business and Financial Affairs. The meeting explored ways to enhance existing collaborations and identify new areas of economic cooperation between the two countries. “Pleased to meet Minister for Industry, Business and Financial Affairs Morten Bodskov in Copenhagen today. We discussed deepening existing areas of cooperation and exploring new possibilities,” Jaishankar said.

    The foreign minister also held talks with Soren Gade, Speaker of the Danish Parliament (Folketing). He expressed appreciation for Denmark’s consistent support and solidarity with India’s counter-terrorism efforts. “A very warm meeting with Speaker Soren Gade in Copenhagen today. Appreciate his solidarity as India resolutely combats terrorism. Also value his sustained support for building India-Denmark relations,” he said.

    Additionally, the external affairs minister interacted with members of the Indian community in Copenhagen. He lauded their role in strengthening people-to-people connections and enhancing India’s image abroad. “Great to meet with Indian community representatives in Copenhagen. They hold the Indian flag high in Denmark and shape our positive image in this country,” he said.

  • MIL-OSI Russia: Leadership in Economics, Management and Trade: Polytechnic University Creates Platform for Interdisciplinary Dialogue

    Translation. Region: Russian Federal

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

    The Institute of Industrial Management, Economics and Trade held the All-Russian scientific-practical and educational-methodical conference “Fundamental and applied research in the field of management, economics and trade”. The conference was attended by teachers and scientists, representatives of the business community, government bodies, as well as the young academic generation – postgraduates and masters of universities. The geography of the conference covered ten regions of the Russian Federation and foreign countries: Belarus, Armenia, Kazakhstan, Uzbekistan.

    IPMET holds the conference for the ninth year in a row. This year, the main agenda touched upon the current issues of achieving technological leadership of Russia in the economy, management, trade, finance and economic security. Participants shared their research and experience in implementing applied solutions using modern mathematical and statistical tools, progressive digital technologies applicable to different levels of management: state, regional, industry, individual enterprises and organizations.

    The grand opening took place in the White Hall of the Polytechnic Universityplenary session “Artificial Intelligence in the Economy: Cross-Industry Solutions”. The session was moderated by the chairperson of the conference program committee, director of the Scientific and Educational Center for Information Technology and Business Analysis at Gazprom Neft, and professor at the Higher School of Engineering and Economics, Irina Rudskaya.

    The plenary session was held in the format of a panel discussion, at which the speakers touched upon current issues concerning the possibilities and problems of using artificial intelligence in various areas of the economy: industry, telecommunications, medicine, finance, education, and agriculture.

    The discussion turned out to be lively and non-trivial, since both speakers and participants were skillfully involved by the moderator in the discussion of the pressing issues of artificial intelligence, which was continued in other events of the conference.

    Arman Avetyan, Associate Professor of the Department of Management and Business at the Russian-Armenian University, who was invited to participate in the discussion, shared his experience of using artificial intelligence in the educational process during practical classes with students and postgraduates. Khamit Fattakhov, Director of Continuous Improvement of Production at Power Machines JSC, briefly spoke about the specifics of using AI tools to increase labor productivity and optimize operational processes in industry.

    Artificial intelligence goes beyond automation, creating inter-industry synergy: finance, education, industry. AI technologies not only increase efficiency, but also change management strategies, helping businesses adapt to digital challenges. That is why our conference brought together not only economists and IT specialists, but also representatives of business, healthcare, agriculture and science. Only interdisciplinary dialogue allows us to find a balance between innovation and sustainability, – says Irina Rudskaya.

    In addition to the plenary session, there were three round tables and 16 sections, including a section of the student scientific society.

    A separate section of the conference was devoted to educational and methodological issues of training personnel for strategically important sectors of the economy in modern conditions.

    Also, to celebrate the Victory in the Great Patriotic War, the conference included a section entitled “The Great Victory: Socio-Economic and Technological Aspects” with presentations on issues of economics, the social sphere and the development of technology in the war and post-war periods.

    An excursion to the Museum of History of SPbPU was organized for the conference guests, which was conducted by the museum director Valery Klimov, as well as a cultural program with a sightseeing tour of the city. The tour guides there were students from the Higher School of Service and Trade of the IPMET, majoring in Tourism and Hotel Business.

    On the last day of the conference, the head of the Department of Economic Theory Svetlana Golovkina gave a lecture on the 80th anniversary of the Victory in the Great Patriotic War, “Science and Education in the Blockaded Polytechnic: a Feat of Intelligence.” The speaker clearly drew a line between human and artificial intelligence, and showed the role and significance of human thought in solving extremely complex problems during the blockade.

    The conference ended with the awarding of the winners of the competition of students’ research papers, as well as the winners and prize-winners of the competition for the support of scientific research of postgraduate students of the Institute of Mechanics and Technology, conducted with the financial support of the target capital “Economic Education” of the endowment fund of SPbPU.

    This year, when planning and organizing the conference, we set ourselves three main objectives. The first was to create a modern congress platform with a broad geographical and representative coverage for exchanging opinions and knowledge. The second was to offer and implement a lively professional discussion on topical issues of the fundamental and applied agenda for achieving Russia’s technological leadership in the economy, management and trade. And the third was to strengthen existing and establish new ties between conference participants, create conditions for effective interaction in the educational, scientific and industrial spheres. I would also like to emphasize the importance of our horizontal collaboration – the coordinated work of all structural divisions of IPMEiT in organizing the conference allowed us to use the scientific, personnel and resource potential of the institute as effectively as possible and expand the scope of participation, – summed up the results of the conference, IPMEiT Director Vladimir Shchepinin.

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Consumer Price Indices for April 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released today (May 22) the Consumer Price Index (CPI) figures for April 2025. According to the Composite CPI, overall consumer prices rose by 2.0% in April 2025 over the same month a year earlier, larger than the corresponding increase (1.4%) in March 2025. The larger increase was mainly attributable to the lower ceiling of rates concession in April 2025 when compared with the same month last year. Netting out the effects of all Government’s one-off relief measures, the year-on-year rate of increase in the Composite CPI (i.e. the underlying inflation rate) in April 2025 was 1.3%, also larger than that in March 2025 (1.0%). The larger increase was mainly due to the increases in the charges for package tours as well as inbound and outbound transport fares.  

         On a seasonally adjusted basis, the average monthly rate of change in the Composite CPI for the 3-month period ending April 2025 was -0.1%, and that for the 3-month period ending March 2025 was 0.0%. Netting out the effects of all Government’s one-off relief measures, the corresponding rates of change were both 0.0%.   

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: Multi-million defence investment creates 700 jobs days after UK-EU security pact

    Source: United Kingdom – Executive Government & Departments

    Press release

    Multi-million defence investment creates 700 jobs days after UK-EU security pact

    Hundreds of high-skilled jobs created at defence firm MBDA’s expanded Bolton site.

    • Hundreds of high-skilled jobs created at defence firm MBDA’s expanded Bolton site, working on cutting-edge missile system manufacturing technology
    • Announcement comes just days after the Government signs new Security and Defence Partnership that will boost defence procurement opportunities for UK.
    • Business Secretary Jonathan Reynolds will visit site and hail investment as latest vote of confidence in Government’s upcoming modern Industrial Strategy.

    Britain’s defence industry received yet another boost this week as 700 high-skilled jobs are set to be created following a £200 million investment from European defence company MBDA at its site in Bolton.

    The announcement follows new Security and Defence Partnership signed at this week’s EU-UK Summit which will open the door to the EU’s new weapons scheme, leading to significant opportunities for the UK’s world-leading defence industries, driving growth and supporting 430,000 British jobs and livelihoods.

    This is the latest win for the UK’s leading defence and advanced manufacturing sectors and is further proof the Government’s Plan for Change is working.

    It also represents a major vote of confidence in the upcoming modern Industrial Strategy, which will drive investment in the UK’s high-growth sectors by giving businesses the certainty they need to commit to the UK.

    Business Secretary Jonathan Reynolds will visit MBDA’s Bolton site today (22 May) to formally announce the investment, which forms part of a wider £500 million commitment from the company to expand its UK manufacturing and technologies.

    Business Secretary Jonathan Reynolds said:

    This is great news for Bolton and another win for our world-class defence sector, which will create hundreds of good, well-paid jobs and ensure the UK continues to lead the way on the cutting-edge technologies of the future.

    Our new Security and Defence Partnership will unlock access to the EU’s proposed new £150 billion defence fund for UK firms. Coupled with the launch of our upcoming modern Industrial Strategy, communities across the country will see how our Plan for Change is working – delivering growth at home and strength abroad.

    The investment from MBDA, a leading missile systems manufacturer, will more than double its Bolton footprint by 2028 and grow its apprenticeship and STEM outreach programme, which already includes over 400 early-career professionals UK-wide.

    It also supports MBDA’s goal to deliver £10 billion of UK exports by 2032, cementing the UK’s position as a leader in the manufacturing and export of complex weapons systems, and comes after the Government announced a £6.5 billion complex weapons partnership with MBDA in July 2024.

    MBDA UK Managing Director Chris Allam said:

    We are proud and excited to be building a world class engineering and manufacturing campus in the north-west of England, the centre of complex weapons manufacturing for the UK, and our associated recruitment and training will extend our already great workforce.

    MBDA is privileged to have a 10-year Complex Weapons portfolio agreement with the UK Government. This gives us the confidence to invest and better support the UK and its allies. It also helps our supply chain and over 700 SMEs who work with MBDA in the UK. When we expand, they expand with us.

    Megan, a manufacturing apprentice at MBDA’s Bolton site, said:

    It’s great that our site is expanding and there will be more early-careers opportunities for young people. Becoming an apprentice was an obvious choice for me. Having the chance to learn as part of my full-time job and achieve a recognised qualification and career made it a very easy decision.

    Apprenticeships can be unique experience for each person. They provide the chance to excel in industries people are passionate about, and the experiences they get will shape their future. Making the most out of my apprenticeship has led to reward and recognition for my hard work, and I always encourage others to study STEM subjects and do the same.

    UK Export Finance CEO Tim Reid said:

    Pioneering companies like MBDA UK investing in their people and technologies for the long-term underscore why we are a world leader in defence.

    Thanks to our multi-billion-pound direct lending uplift, we can support even more defence firms to expand their production lines and take on more international orders from allies – leading to greater economic growth, stronger supply chains and local jobs back here at home.

    The Government is backing the defence sector to deliver skilled jobs and growth across the country as part of its Plan for Change and is providing significant financial support to UK defence companies through UK Export Finance (UKEF).

    In March this year, the Chancellor announced a £2 billion increase in UKEF’s Direct Lending capacity for defence exports, taking its overall lending capability to £10 billion.

    The UK is one of the largest exporters of defence equipment in the world, and in 2023 the UK won defence contracts worth £14.5 billion.

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom –

  • Jitin Prasada urges innovation, new varieties to boost tea sales

    Source: Government of India

    Source: Government of India (4)

    Commerce Minister Jitin Prasada on Thursday called for a renewed push to brand and market Indian teas, aiming to reassert India’s leadership in tea exports.

    Speaking at a convention in New Delhi to mark International Tea Day, Prasada emphasized the cultural and economic importance of tea in India and urged the industry to adopt innovation-driven strategies.

    Prasada called for developing new varieties of tea that appeal to younger and niche consumers. He stressed the need to ensure that all stakeholders — from growers to end consumers — benefit from better infrastructure and support.

    Commerce Secretary Sunil Barthwal underlined the need for enhanced “tea literacy” through awareness campaigns that showcase the unique attributes of Indian teas.

    The event featured several panel discussions on themes such as “Organic Teas: The Sustainable Way Ahead,” “Global Consumption Patterns – New Age Teas and Youth Connect,” and “India Teas – Looking Ahead.”

    In a statement, the Ministry of Commerce said the deliberations aimed at shaping “a brighter future for Indian tea through extensive branding and marketing initiatives in addition to quality control measures.”

    A highlight of the convention was the India Tea Appreciation Zone, where producers, exporters, small tea growers (STGs), farmer producer organisations (FPOs), and startups showcased a diverse range of teas. Offerings included premium single-origin teas from Darjeeling, Assam, Nilgiri, Kangra, and Sikkim, as well as innovative blends and flavoured teas — from classic masala chai to modern infusions — curated to appeal to evolving global tastes.

  • MIL-OSI United Kingdom: Partnering with Ape2o to reduce plastic waste

    Source: City of Birmingham

    ape2o has installed one of its water refill stations in Birmingham Wildlife Conservation Park, in a bid help eliminate single-use plastics in the park.

    This is the first installation of a “Big Ape” with Birmingham Council, underlining ape2o’s significant progress in fighting the war on plastic across the UK and emphasizing Birmingham’s commitment to reducing plastic waste and protecting the environment for its communities.

    “Big Apes” don’t monkey around, they aren’t just any refill station, they are a sophisticated technology that gives people the choice of ultra-filtered chilled still or sparkling at a fraction of the cost of plastic bottled water.  Consumers can just tap, choose, refill and go – encouraging people to use refillable bottles, instead of bottles that destroy the planet.

    Cllr Majid Mahmood, cabinet member for environment and transport at Birmingham City Council, said: “We are really pleased to partner with ape2o to bring their innovative water refill stations to Birmingham Wildlife Conservation Park.

    “This initiative is part of our wider commitment to sustainability, aiming to reduce single-use plastic waste and encourage environmentally friendly practices across the council and city.”

    ape2o is focused on their mission to convert more people to drink water without plastic.

    There is no time to lose: less than 10% of single-use plastic bottles are recycled, the majority ending their journey in our oceans, landfills, or being incinerated, contributing to over a quarter of a million tonnes of CO2e emissions annually.

    ape2o cofounder and CEO, Anthony Newman comments said: “We’re extremely proud to work with Birmingham City Council as our first official government council partnership. And the Birmingham Wildlife Conservation Park is the perfect place to start. ape2o can help consumers across the city refill and ditch the plastic.”

    And ape2o don’t just talk about it, they do it. 10% of all their sales go to ocean, freshwater, and marine life conservation and clean-up projects. The fewer plastic bottles bought, and the more refills done with Big Apes instead, the more these projects receive and the closer we get to a world without single use plastic. ape2o is water that gives back. 

    Partnering with Birmingham City Council is a huge achievement in ape2o’s journey to date, and they hope to install more locations around the city in the future to make it easier for all consumers to ditch the plastic bottle habit.

    For more information, please contact bigapes@ape2o.com.

    Notes to Editors

    ape2o’s vision is to break the habit of single use plastic bottles by creating a more sustainable and affordable system: (1) easy public access to hygienic, trusted pure water refill machines, (2) the means to drink from them and, (3) the motivation to make the change and join the movement. They do this with their “Big Ape” vending network, their “Silverback” and “Turtle” plastic free stainless-steel bottles and their “10% Promise commitment to transparently donate 10% of turnover to ocean, beach and river clean-up and conservation initiatives.

    ape2o is a certified B Corporation and was recognized in 2022 as a Top 5% “Best For The World” B Corp.  This past February ape2o was the winner of the City of London’s Clean City Scheme Awards, 2024 Innovator Award.

    MIL OSI United Kingdom –

  • MIL-OSI: Nokia and Three Sweden expand access to fast broadband through 5G Fixed Wireless Access for improved connectivity

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Three Sweden expand access to fast broadband through 5G Fixed Wireless Access for improved connectivity

    • New options for high-speed broadband where fiber is unavailable.
    • Stronger local market presence for Nokia in Fixed Wireless Access (FWA).
    • Nokia FastMile 5G Gateway 2 brings faster high-performance broadband delivery.

    22 May 2025
    Espoo, Finland: Nokia has been selected by Hi3G Access AB (known as ‘Three’ in Sweden) to supply its high-performance Fixed Wireless Access (FWA) technology towards Three’s Business to Business (B2B) customers. The collaboration enables Three Sweden to offer faster, more accessible, reliable high-capacity broadband to households and small businesses across the country – particularly in areas not yet covered by fiber networks.

    This milestone deployment brings a new, trusted Western vendor into the Swedish FWA market and strengthens Nokia’s position in one of the most competitive broadband markets in Europe. With Nokia’s FastMile 5G Gateway 2, users will benefit from easier access to reliable, high-speed internet where fiber is not available or would be too expensive to deploy. For consumers and businesses, this means the ability to stream, work, study and connect faster than ever before, even in hard-to-reach or underserved areas.

    “Our goal is to give customers broadband they can trust, which is fast, reliable and ready to support whatever they want to do online. Nokia’s solution gives us the quality and performance we need, and it’s backed by a company we know we can trust to scale with us,” said Patrik Flodin, Product Manager at Three Sweden.

    “Welcoming Three Sweden as a new customer is a significant moment in our FWA journey. This project reflects our shared ambition to deliver dependable, high-performance broadband experiences using mobile networks as the foundation. With one of the best 5G FWA solutions in the market, Nokia supports operators who want to scale fixed, wireless and mobile broadband quickly and cost-effectively,” added Peter Wennerström, Country Manager for Sweden at Nokia.

    This cooperation reinforces Nokia’s commitment to supporting service providers across Europe as they address the digital divide and offer high-performance connectivity to more users more efficiently.

    Multimedia, technical information and related news
    Product Page: Fixed Wireless Access

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Hi3G Access AB (known as ‘Three’ in Sweden)
    Three Scandinavia (Hi3G Access AB) was founded in December 2000 with the vision of creating an entirely new platform for mobile communication. Today, Three owns and operates 3G, 4G, and 5G mobile networks in Sweden and Denmark and has approximately 2,000 employees. Three Scandinavia, part of the global 3 Group with operations in eleven countries, is owned by Hong Kong-based CK Hutchison (60%) and Swedish Investor AB (40%). Learn more about Three at www.tre.se and about the 3 Group at www.three.com.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

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    The MIL Network –

  • MIL-OSI Australia: Green light for Bendigo Art Gallery redevelopment to start in early 2026

    Source: New South Wales Ministerial News

    The Bendigo Art Gallery redevelopment, the largest-ever construction project to be led by the City of Greater Bendigo, will proceed.

    A flythrough video released today highlights stage one of the redevelopment and how it will transform the Gallery and deliver on the original scope of the project, which includes a second floor blockbuster exhibition space, an innovative learning centre, theatrette and Traditional Owner Place of Keeping for Dja Dja Wurrung cultural materials.

    The City is seeking to deliver stage one for $45M and will call for expressions of interest in June for a head contractor for the project.

    The Gallery is expected to remain open until November this year while the procurement process takes place. Construction is expected to start in early 2026 and take approximately two years to complete, with the aim of re-opening in early 2028.

    To complete the project in its entirety, the City and Gallery will continue to seek $15M from the Federal Government to deliver stage two. An application for $15M still sits with the Regional Precincts and Partnerships Program, as the process was not completed before the Federal election.

    Stage two includes a dedicated gallery for Australian art (an additional 400m² of gallery space that was not part of the original project scope) and an elevated hospitality offering, featuring an improved café/restaurant incorporated into a redesigned sculpture annex and second floor function facility and terrace.

    To deliver stages one and two during the planned construction period, Federal funding would need to be confirmed by the end of this year. Although any additional funding secured would always be accommodated.

    The total project cost remains $54M. All funds raised to date have been put towards construction, however if Federal funding is secured it would mean some of the already committed funds can be reallocated to future programming for the new gallery spaces.

    City Chief Executive Officer Andrew Cooney said the Gallery redevelopment was an investment in the cultural and economic future of the region.

    “It is exciting to make this announcement today and confirm this city-defining project is going ahead. Over the past several months we have worked to refine the project scope and I am so pleased we can move forward with the budget available and deliver a fantastic outcome, with the option of a second stage should additional funding be secured,” Mr Cooney said.

    “Today’s announcement intends to give certainty to our community, particularly the many businesses that benefit from the tourism generated by the Gallery. The project will cement the Gallery’s reputation as a leading cultural institution in Australia and will trigger increased visitation to our region.

    “This news is also expected to encourage greater private sector investment in our city centre. Business owners can now be confident about the project’s future, factoring this into their current operations or potentially plan for other complementary business ventures.”

    Gallery Director Jessica Bridgfoot said a number of small changes to the design had achieved important savings for the project.

    “This project will meet key objectives and realise our original vision to deliver ‘The People’s Gallery’ – a place that empowers the Bendigo and broader Victorian community through accessibility, education, shared economic benefit and celebrating Traditional Owners. The redevelopment will establish the Gallery as an international, world-class cultural facility for future generations,” Ms Bridgfoot said.

    “Savings were achieved by rearranging some of the features of the redevelopment, reducing back of house areas and locating offsite storage. Other minor structural changes also helped save on material and engineering costs.

    “The project was granted the necessary planning permits from the City and Heritage Victoria in 2024 to proceed, and has been reviewed favourably by the Office of the Victorian Architect.”

    As part of the redevelopment, the Gallery will become a trusted Place of Keeping for Dja Dja Wurrung cultural material and the façade of the building will feature a design by a Dja Dja Wurrung artist.

    Dja Dja Wurrung Group Chief Executive Officer Rodney Carter said he was excited by the opportunities presented by the redevelopment.

    “The Gallery’s commitment to celebrating and preserving Dja Dja Wurrung culture and art is a significant benefit that supports outcomes across the Closing the Gap framework. We look forward to continuing our partnership with the Gallery through a dedicated Place of Keeping, and fully support additional funding for the redevelopment to be fully realised,” Mr Carter said.

    It is widely recognised the Gallery is an important economic driver for Greater Bendigo and both the City and Gallery continue to plan for event attraction that will support tourism and businesses during the closure.

    “In the coming months, the City and Gallery look forward to announcing a family-friendly exhibition that will be staged in partnership with the Discovery Science and Technology Centre from March to November next year, as well as sharing highlights of the 2026 major events and activation calendar,” Ms Bridgfoot said.

    “Gallery staff are also planning now for how they will continue to deliver a public program that allows residents, visitors and students to engage with the arts in other locations while the Gallery is closed.

    “For now, it is business as usual and residents and visitors are encouraged to visit the Frida Kahlo – In her own image exhibition before it closes on Sunday July 13.”

    The construction budget is made up of $21M from the Victorian Government, $9M from the City of Greater Bendigo, $4M from the Gallery Board and $9.35M from philanthropic donations, and is enough for the project to proceed.

    MIL OSI News –

  • MIL-OSI United Kingdom: Unlocking trade opportunities between the UK and Namibia

    Source: United Kingdom – Government Statements

    World news story

    Unlocking trade opportunities between the UK and Namibia

    Stakeholder Workshop on SACU+M-UK Economic Partnership Agreement (EPA) Implementation in Namibia.

    The British High Commission in Namibia in collaboration with the Ministry of International Relations and Trade (MIRT) hosted a workshop for implementers focused on the execution of the Southern African Customs Union (SACU) plus Mozambique-UK Economic Partnership Agreement (EPA).

    Held at the Hilton Hotel in Windhoek on 7 May 2025, the session brought together key government ministries, agencies, and trade associations to discuss next steps towards broader implementation and to explore the potential for significant downstream benefits. This session marked a crucial advancement in strengthening trade relations within the EPA framework for Namibia and the UK. 

    The workshop allowed the exchange of ideas on how the Namibian trade community and policymakers can work together to brain-storm tangible outcomes for the EPA implementation in Namibia. Participants delved into critical topics, including the implications of the EPA for the Namibian market, strategies for export development to enhance access to international markets, and shared practical experiences in implementing the agreement.

    Key discussions also addressed accessing the UK market for agricultural products, compliance with rules of origin, and the UK Trade for Development partnership with Namibia, which offers valuable support and opportunities. The event concluded with a participant discussion focused on actionable next steps for leveraging these insights.

    Ambassador Elvis Shiweda, Deputy Director, Bilateral Relations and Cooperation for the Europe Ministry of International Relations and Trade said:

    This dialogue has provided us with critical insight into what the SACUM-UK EPA means for the Namibian market, highlighting both opportunities to be seized and the challenges that must be addressed in particular, rules of origin, cumulation, Sanitary and Phytosanitary measures (SPS), Technical barriers to trade (TBT), and access to vital information. These elements are instrumental in shaping the effective utilisation of the agreement for our economic benefit and prosperity.

    Ben Stride, British Deputy High Commissioner to Namibia said:

    Trade is the engine that drives economic growth, and Namibian businesses are poised to thrive through stronger partnerships. By forging closer trade ties, we’re not just growing the potential—we’re ensuring everyone gets greater access. Together, we can unlock opportunities, create jobs, and build a prosperous future for Namibia and the UK.

    Hosting this session underscores the UK government’s commitment to fostering mutual prosperity while supporting Namibia’s aspirations to become a trade-driven economy. The SACU+M – UK EPA establishes a reliable framework to develop supply chains and drive competitiveness.

    Natasha Stotesbury, Regional Trade for Development Adviser for the UK Department for Business and Trade said:

    We want to see this treaty (EPA), increasingly come to life to support greater job creation and growth in both our countries and the region.

    The SACUM-UK Economic Partnership Agreement was created to sustain preferential trade relations between the UK and SACU member states plus Mozambique. Effective from January 2021, this agreement ensures duty-free quota-free access to UK markets for eligible goods that originate from EPA partner countries.

    Further information

    • total trade in goods and services between the UK and Namibia reached £385 million in the year leading up to the end of Q3 2024. This reflects a significant increase of 61.8% or £147 million compared to the previous year, ending Q3 2023
    • UK exports to Namibia were £233 million, which is a 42.1% rise, amounting to an additional £69 million from the previous year
    • UK imports from Namibia totalled £152 million, showing a remarkable increase of 105.4%, or £78 million, compared to the same period last year

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: TOMORROW: Governor Newsom, Attorney General Bonta respond to planned U.S. Senate vote on state’s clean air policies

    Source: US State of California Governor

    May 21, 2025

    SACRAMENTO COUNTY – Tomorrow, Governor Gavin Newsom, Attorney General Rob Bonta and supporters of California’s clean air efforts will respond to an anticipated vote in the U.S. Senate to illegally revoke key aspects of the state’s clean cars and trucks program. 

    WHEN: Thursday, May 22 at approximately 11 a.m.

    LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    **NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 9 a.m., May 22. Location information will be provided upon confirmation.

    Media advisories, Recent news

    Recent news

    May 21, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Armen Meyer, of San Francisco, has been appointed Senior Deputy Commissioner for the Division of Consumer Financial Protection at the California Department of Financial Protection and…

    May 20, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Matthew Read, of Sacramento, has been appointed Chief Counsel at the Governor’s Office of Land Use and Climate Innovation. Read has been Acting Chief Counsel at the Governor’s Office of…

    May 20, 2025

    News What you need to know: Governor Newsom issued a statement today after U.S. Senate Republicans announced plans for an illegal vote this week that would undo California’s clean cars and trucks program. SACRAMENTO – Governor Gavin Newsom today issued a statement on…

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Health centre contracts awarded

    Source: Hong Kong Information Services

    The service contract for Eastern District Health Centre (DHC) has been awarded to the Society for Rehabilitation, while the Yan Chai Hospital Board has been awarded the future service contract for Kwai Tsing DHC, the Health Bureau announced today. 

    Under the new contract, the existing Eastern DHC Express will be upgraded and the new DHC is expected to commence operations in the fourth quarter of this year. The existing service contract for Kwai Tsing DHC will expire in the third quarter. 

    The service contracts for the two DHCs were awarded via open tenders and will last for three years.

    The core centre of Eastern DHC will be located at Siu Sai Wan Health Integrated Building. It will comprise a floor area of about 1,000 sq m, which is about three times the size of the current Eastern DHC Express.

    The core centre will have additional consultation rooms, rehabilitation facilities and an audio-visual assessment room, and will include facilities for enhanced health education activities. The Society for Rehabilitation is to establish two satellite centres in the district within the first year of operation.

    The core centre of Kwai Tsing DHC will remain on 30/F, Tower 2 of Kowloon Commerce Centre, with main services including chronic disease management and community rehabilitation services being unchanged.

    Yan Chai Hospital Board is required to establish four satellite centres in the district within the first year of operation.

    Together with Eastern DHC, plus the two DHCs in Central & Western and Yau Tsim Mong Districts, the total number of DHCs across the city will increase to 10 this year.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Briefing by Yuri Trutnev and Alexey Chekunkov following the Government Hour in the State Duma

    Translation. Region: Russian Federal

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

    Following the government hour devoted to current issues of socio-economic and infrastructural development of the Arctic zone of the Russian Federation, which took place within the framework of the State Duma session, Deputy Prime Minister of the Russian Federation – Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev and Minister of the Russian Federation for the Development of the Far East and the Arctic Alexey Chekunkov answered questions from media representatives.

    Summing up the results of the government hour

    Yu.P. Trutnev: Today, today everything was connected with a report on the results of the work. For me, this is always a slightly difficult topic, because it can always be evaluated from two sides. As in the old fable, the glass is half full or half empty. When you summarize the results of the work, and we summed up the results of the ministry in several years, the first question that I ask myself is related to whether the right path is chosen and how we are moving. I will answer right away – correct. It is impossible to develop the territory based on how much money they will give from the federal budget, they must be earned. Hundreds of billions of new investments, hundreds of new enterprises, an increase in the almost two -time budget of the Arctic zone of the Russian Federation – this suggests that the economy of the Arctic is growing and its growth creates conditions for improving people’s lives, to ensure their jobs, to ensure normal wages, for the construction of new facilities, and this is right. At the same time, it seems to me that this would be a very bad story if we approached the estimates of our work only in terms of what we managed. It seems to me that it is also important to find courage in order to answer the question of what failed. I do not agree with all the comments that were heard today. For example, when colleagues say: “Let’s allocate more time to relocation.” The question immediately arises: do we want people to live in the Arctic or to leave? If we want to give more money for relocation, then they will leave. This is probably not the best solution. At the same time, a number of questions sounded, which was noted in speeches, which concerns the lives of people. We must think about these people. We must make decisions that will improve the lives of people who will answer all the questions that are facing them. Actually, we work for this.

    About climate change

    Yu. P. Trutnev: Today, unfortunately, global cooperation in the field of climate conservation has been destroyed. No one talks about emissions, carbohydrate balance, and so on. I want to emphasize that Russia meticulously fulfills its obligations to the world community. Not a single enterprise in our country can do without a state environmental assessment, without discussions with people. This simply does not happen. But doing this alone is of little use. We read there what is happening. A huge ice floe fell and not on our territory at all, it itself has already changed the conditions. Other processes are also underway in nature. And these issues cannot be addressed alone. To be honest, I hope that humanity will come to its senses, will begin to understand that we all live together on one planet, that we have certain neighborly responsibilities, and that if we do not pay attention to them, then everyone will have problems. Therefore, yes, of course, we need plans to prepare territories for climate change. But, I repeat once again, not all general trends can be overcome only by the efforts of the Arctic zone of the Russian Federation. It won’t work like that.

    A.O. Chekunkov: Today, many issues related to climate change, the influence of climate on the melting of permafrost. It is important that this issue is actively discussed. The movement in the form of the creation of a background monitoring system has already begun on it. A large monitoring system for all 5 million square kilometers is already being created. These are 140 monitoring stations created by the Ministry of Natural Resources. There are presidential instructions related to the creation of geotechnical monitoring systems – already directly in relation to buildings. As part of the preparation of master plans of the supporting settlements of the Arctic, on behalf of the President, a register of the best practices of life and management in the north has been formed. One of the components is just technologies related to work, with life at many years of permafrost. Business, our largest companies successfully operate industrial enterprises, trunk gas -reflees, build ports on these complex soils. Our task now is to tighten the social sphere, to ensure the safety of life and work of people. There are such technologies. For example, there are technologies using chemical reagents in closed pipe systems, that is, not energy -intensive, allowing you to freeze soils for a long time. They are actively used in Norilsk and Salekhard under objects of large companies. The general plan for adaptation to permafrost will be formed before the end of the year. An important evidence that this problem is really priority is that today it was discussed not only with the relevant ministry or with some one ministry. In fact, today most of the government members kept a joint answer. These were representatives of many fouvas. Under the leadership of Yuri Petrovich Trutnev and the Ministry of Natural Resources, the Ministry of Construction, and the Ministry of Defense, and, of course, we will solve this problem along with all the regions of the Arctic.

    Number of vessels along the Northern Sea Route

    Yu.P. Trutnev: There is a problem of shortage of ships, especially cargo ships. About 50 ships are not yet provided with construction capacity. This problem should be solved together with the Ministry of Industry.

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

    MIL OSI Russia News –

  • MIL-OSI Australia: A succession plan can help avoid unintended tax consequences

    Source: New places to play in Gungahlin

    To understand why succession planning is important for privately owned and wealthy groups, watch this short video to gain an overview and then read our more detailed article below.

    Succession planning can involve a number of considerations, and, at times, it can seem like a complicated process. However, private groups need to prioritise it, as, succession without planning may lead to unintended tax consequences. Our refreshed guidance will help you meet your tax obligations. 

    Louise Clarke, Deputy Commissioner for Private Wealth Client Experience, advises: 

    ‘Considering the tax consequences of succession planning should be a priority for private groups, particularly where they’re preparing to sell a family-controlled business or planning to transfer control or wealth to the next generation. Even when a controlling individual isn’t looking to retire or step back from the day-to-day operations of the business in the immediate future, they should have a plan in place for their succession, and the tax implications should be front and centre.’

    We know that every private group is different, and each succession plan will be unique. That’s why our refreshed information provides guidance for all private groups. A key aspect is making sure you have sound tax governance.

    As Louise emphasises: ‘Having a sound tax governance framework in place will make it easier for you to manage tax issues associated with succession planning and reduce unintended tax consequences. You should also consider the wider tax implications for the next generation.’ 

    Our information lists key things you should do as part of succession planning, including:

    • put a succession plan in place
    • check it regularly, particularly when circumstances change – you may need to factor in changes to family relationships, unexpected illness or other alterations to business structure or operations 
    • consider the tax consequences – you’ll also need to retain documentation to support transactions with a tax effect and obtain a valuation, where required
    • seek advice, from us or your tax adviser, as required.

    Private groups should also be aware that while we’re here to provide helpful information, we’re looking out for deliberate tax avoidance. Our information also details succession planning tax risks and what attracts our attention.

    We’ll continue to provide information on succession planning and the associated tax risks to help you with the tax management side of your plan.

    Stay up to date with succession planning and other tax and super topics

    We have tailored communication channels for medium, large and multinational businesses, to keep you up to date with updates and changes you need to know.

    Read more articles in our online Business bulletins newsroom.

    Subscribe to our free:

    • fortnightly Business bulletins email newsletterExternal Link
    • email notifications about new and updated information on our website – you can choose to receive updates relevant to your situation. Choose the ‘Business and organisations’ category to ensure your subscription includes notifications for more Business bulletins newsroom articles like this one.

    MIL OSI News –

  • MIL-OSI: Tyton Partners and Ufi Ventures Release Q1 2025 VocTech Market Report: Policy Uncertainty, European Resurgence and the Continued Rise of AI Investment

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 22, 2025 (GLOBE NEWSWIRE) — Tyton Partners, the leading strategy consulting and investment banking firm focused on the education sector, and Ufi Ventures, the UK’s specialist investor in vocational technology (VocTech), today released their Q1 2025 VocTech Market Report. The quarterly publication analyses economic, political and investment developments that are shaping the vocational learning and workforce development landscape across the UK, Europe and North America.

    The report arrives at a time of profound global uncertainty. Early 2025 has brought renewed inflationary pressure, shifting policy landscapes, and intensifying debate around the implications of artificial intelligence, both as a disruptor and an enabler of economic growth. Meanwhile, labour market fragility, skills shortages and social pressures continue to shape employer and policymaker priorities.

    Against this backdrop, Tyton and Ufi’s latest report identifies five major developments shaping the VocTech investment and innovation environment:

    Key Takeaways

    1. Inevitably, we need to talk about US trade tariffs. The disruption they may represent and the uncertainty of their introduction will weigh heavily on policy and investment decisions in the VocTech sector in the UK and Europe. Caution and delay are the most likely effects.
    2. By contrast, Germany’s loosening of governmental spending is likely to improve the outlook for the economic and investment environment and make Europe and the UK look like a reliable and interesting place to deploy capital, particularly relative to the US.
    3. Big AI-related venture rounds in education and the Future of Work continue to be made, predominantly in the US but also – patchily – in Europe.
    4. The UK Curriculum Review is progressing, but the interim report gave little away.
    5. Some organisations are forcing a full-time return to the office to increase productivity. This may, in fact, make them less attractive employers.

    Macroeconomic indicators across the UK, US and Eurozone reflect rising inflation and slowing growth. The UK’s core inflation reached 3.7% in January, while GDP forecasts were halved in the Spring Statement. Unemployment edged upwards to 4.4% and youth disengagement from education and employment reached nearly one million. Meanwhile, Germany’s €500B stimulus package and reform of its “debt brake” has positioned it—and, by association, Europe—as an increasingly attractive investment environment.

    Amid political turbulence, the report also notes significant shifts in defence and green economy priorities, the accelerating role of AI across sectors, and evolving models of work and training. Notably, while HR tech investments declined in the UK, both Europe and the US saw a strong rebound in Q1, with major funding rounds in AI-powered learning, recruitment and workforce management solutions.

    Helen Gironi, Director at Ufi Ventures, commented:
    “With macroeconomic headwinds and geopolitical uncertainty reshaping priorities, it is essential that VocTech investment adapts accordingly. This quarter’s report offers insight into the risks and opportunities that lie ahead for building a more inclusive and productive future of work.”

    Nick Kind, Managing Director at Tyton Partners, added:
    “AI continues to attract capital at scale, especially in the US—but caution is warranted as political and trade dynamics grow more complex. Our goal is to equip investors, educators and policymakers with the insight needed to navigate this complexity and drive meaningful workforce innovation.”

    To access the full Q1 2025 VocTech Market Report, visit: https://tytonpartners.com/key-learnings-from-voctech-market-activity-q1-2025/

    About Tyton Partners

    Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. Learn more at tytonpartners.com.

    About Ufi Ventures

    Ufi Ventures is the investment arm of Ufi VocTech Trust. Ufi supports the adoption and deployment of technology to improve skills for work and deliver better outcomes for all. By leveraging its depth of experience Ufi Ventures supports its growing portfolio through access to capital, and its wide expert pool and network. Learn more at www.ufi.co.uk/ventures.

    Media Contact
    Zoe Wright-Neil
    Director of Marketing and Business Development
    zwrightneil@tytonpartners.com
    Tyton Partners

    The MIL Network –

  • MIL-OSI USA: Cornyn Introduces Bill to Help Americans Save for Their Futures

    US Senate News:

    Source: United States Senator for Texas John Cornyn

    WASHINGTON – U.S. Senator John Cornyn (R-TX) today introduced the Generate Retirement Ownership Through Long-Term Holding (GROWTH) Act, which would help Americans save for their futures and accumulate wealth by deferring capital gains taxes on growth in mutual funds. Congresswoman Beth Van Duyne (TX-24) is the Republican lead on this legislation in the U.S. House of Representatives.

    “Deferring taxes on reinvested mutual fund capital gains distributions until the investor sells their shares is a no-brainer and would help provide parity with other investment options,” said Sen. Cornyn. “This bill would empower hardworking Texans to let their money work longer, build toward personal savings and retirement goals, and create generational wealth.”

    “I am glad to support the bipartisan and bicameral GROWTH Act to ensure working Americans have the freedom to invest as they desire to achieve their financial goals,” said Rep. Van Duyne. “This common-sense bill allows families to embrace American exceptionalism by giving them the freedom to invest in their future and secure their American Dream while working to achieve financial security and generational wealth.”

    Congresswoman Terri Sewell (AL-07) also led the legislation in the House of Representatives.

    Background:

    Under current law, mutual funds distribute realized capital gains to shareholders each year—whether paid in cash or reinvested—and shareholders incur taxes on these distributions even if they are fully reinvested and the investor does not receive them. The Generate Retirement Ownership Through Long-Term Holding (GROWTH) Act would allow investors in mutual funds to be treated the same as those investing in the stock market by only paying taxes when shares are sold. 

    This legislation is supported by the Investment Company Institute (ICI), which represents the asset management industry in service of individual investors. ICI’s members include mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the U.S. Other supporters include the Chamber of Commerce and Americans for Tax Reform (ATR).

    MIL OSI USA News –

  • MIL-OSI Russia: Central China to host trade show to boost China-Africa ties

    Translation. Region: Russian Federal

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

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

    BEIJING, May 22 (Xinhua) — The fourth China-Africa Economic and Trade Expo will be held in Changsha, capital of central China’s Hunan Province, from June 12 to 15 this year, with more than 12,000 people expected to attend, the expo’s organizers said at a press conference on Wednesday.

    The upcoming expo, co-organized by the Ministry of Commerce of the People’s Republic of China and the Hunan Provincial Government, is one of the important events in the field of trade and economy between China and Africa this year. More than 2,800 enterprises, business associations and financial institutions from China and Africa have already registered to participate in the event, as well as representatives from 44 African countries, 6 international organizations and 23 provincial-level regions in China.

    Held every two years, the expo this year is themed “China and Africa: Together for Modernization.” It will feature theme zones such as intelligent mining technology and equipment, clean energy, modern agricultural machinery, and construction equipment. More than 20 economic and trade events are planned.

    Shen Yumou, head of the Hunan Provincial Commerce Department, said 128 cooperation projects with a total investment of over US$7 billion will be signed during the Expo. They cover areas such as construction, electricity, transportation, information services, culture and health care.

    The China-Africa Economic and Trade Expo, which was held for the first time in 2019, has become an important platform for strengthening economic and trade cooperation between China and African countries. Shen Xiang, Director of the Department of West Asia and Africa of the Ministry of Commerce of the People’s Republic of China, said that the upcoming expo is expected to inject new impetus into practical cooperation between China and Africa.

    China has been Africa’s largest trading partner for 16 consecutive years, said Assistant Minister of Commerce Tang Wenhong. In 2024, trade between China and African countries set a new record and reached $295.6 billion, up 4.8 percent from 2023. In particular, China’s imports from Africa amounted to $116.8 billion, up 6.9 percent, and China’s exports to Africa amounted to $178.8 billion, up 3.5 percent. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Upgrading of Eastern District Health Centre Express to District Health Centre and change of Kwai Tsing District Health Centre operator announced

    Source: Hong Kong Government special administrative region

         The Health Bureau (HHB) announced today (May 22) that the operation service contract for the Eastern District Health Centre (DHC) has been awarded through open tender to the Hong Kong Society for Rehabilitation (HKSR) to upgrade the existing Eastern DHC Express (DHCE) to the Eastern DHC, which is expected to commence operations in the fourth quarter of this year. Meanwhile, the existing operation service contract for the Kwai Tsing DHC will expire in the third quarter this year.  After an open tender exercise, the HHB has awarded the operation service contract of the Kwai Tsing DHC to the Yan Chai Hospital Board. Both service contracts are for three years.
      
         The core centre of the Eastern DHC will be located at the Siu Sai Wan Health Integrated Building, 11 Harmony Road, Siu Sai Wan, Chai Wan, with a total floor area of about 1 000 square metres, representing an increase of about three times the size of the current Eastern DHCE. The core centre will provide additional consultation rooms, rehabilitation facilities and an audio-visual assessment room. Facilities for health education activities will also be enhanced. According to the operation service contract, the HKSR is required to establish two satellite centres in the district within the first year of operation to enhance service accessibility. The core centre and two satellite centres will operate six days a week with a minimum of 10 hours of service per day.

         Moreover, after changing the operator of the Kwai Tsing DHC, its core centre will remain on 30/F, Tower 2, Kowloon Commerce Centre, 51 Kwai Cheong Road, Kwai Chung. The main services provided, including chronic disease management and community rehabilitation services, will remain unchanged. Meanwhile, the satellite centres will be relocated. In accordance with the operation service contract, the Yan Chai Hospital Board is required to establish four satellite centres in the district within the first year of operation. The core centre and four satellite centres will operate six days a week with a minimum of 10 hours of service per day. 

         After changing the operator of the Kwai Tsing DHC, the existing members can continue to use the services of the DHC without the need for re-registration. The Primary Healthcare Commission (PHC Commission) will discuss with the relevant operators and implement the handover of the Kwai Tsing DHC services and premise to ensure a smooth transition. The PHC Commission will also discuss with the relevant operators and implement the transitional plan for upgrading the Eastern DHCE to a DHC. Both DHCs will continue to co-ordinate primary healthcare services in the districts, serving as case managers to support primary healthcare doctors while also acting as resource hubs for district healthcare services that connect various public and private service organisations across sectors in the community. The DHCs will continue to assist citizens in pairing with family doctors, providing comprehensive advice on disease prevention through the Life Course Preventive Care Plan, promoting the Chronic Disease Co-Care Pilot Scheme, as well as offering health education and promotion, health risk assessments, community rehabilitation services, dedicated nurse clinic and allied health services, and more.
     
         The Chief Executive announced in the 2024 Policy Address the upgrading of more DHCEs to DHCs. With the Eastern DHC, the Central and Western DHC and the Yau Tsim Mong DHC expected to commence operations within this year as announced earlier, the total number of DHCs across the city will increase to 10 this year. The PHC Commission will continue to implement the relevant upgrading plans to establish DHCs across the 18 districts at the earliest juncture, with a view to strengthening the prevention-oriented, district-based, and family-centric primary healthcare network.

    MIL OSI Asia Pacific News –

  • MIL-OSI United Kingdom: UK and South Korea sign first of its kind agreement to support global infrastructure development and Ukraine’s reconstruction

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK and South Korea sign first of its kind agreement to support global infrastructure development and Ukraine’s reconstruction

    The UK has signed a MoU with South Korea to jointly support Ukraine’s reconstruction and global infrastructure, boosting trade and sustainable development.

    The United Kingdom of Great Britain and Northern Ireland (UK) has signed a Memorandum of Understanding (MoU) with the Republic of Korea (ROK).

    The MoU enhances cooperation between the UK Department for Business and Trade (DBT) and the Korean Overseas Infrastructure & Urban Development Corporation (KIND) to work on Ukrainian reconstruction projects, as well as global infrastructure development in other markets.

    This first of its kind agreement signals an exciting opportunity for British and South Korean businesses to make a difference in Ukraine, as well as demonstrate their expertise to the global market, boosting both countries’ economies while being a force for good.

    This agreement was signed in the Old Admiralty Building in London on Thursday 22nd May 2025, between the UK Business and Trade Minister, Gareth Thomas MP, and the KIND CEO, Mr. Bok Hwan Kim. It is KIND’s inaugural MoU with DBT and the UK Government.

    The MoU will promote new UK-South Korean business partnerships across third markets in the fields of sustainable transport, healthcare infrastructure, smart cities and urban development, clean energy, water and waste management, and sustainable infrastructure and related technologies. In Ukraine, this agreement will kickstart urgent repairs to critical national infrastructure, including housing, hospitals and power generators.

    The partnership will advance the UK’s strong diplomatic and trade ties with the Republic of Korea as set out in the 2023 Downing Street Accord. It is also underpinned by £16.3 billion in bilateral trade and supported through the existing UK-ROK Free Trade Agreement, which the Government has committed to upgrading.

    The agreement also builds on the UK’s landmark 100-Year Partnership with Ukraine, whereby reconstruction programmes form a key part of the £5bn the UK Government has provided to Ukraine in non-military support.

    Business and Trade Minister Gareth Thomas said:

    This agreement is the first of its kind and strengthens our relationship with the Republic of Korea. 

    As part of our Plan for Change it will secure vital opportunities for UK businesses to work with KIND and South Korean companies in overseas infrastructure and deepen our commitment to supporting Ukrainian reconstruction efforts.

    KIND CEO, Bok Hwan KIM, said:

    This Memorandum of Understanding with the UK government marks a historic moment that elevates infrastructure cooperation between Korea and the United Kingdom to a new level. KIND is delighted to contribute to Ukraine’s reconstruction and sustainable infrastructure development worldwide through this partnership. By combining our countries’ expertise and technological capabilities, we can make a tangible impact across various sectors, from critical infrastructure repairs to clean energy and smart cities. This collaboration goes beyond business opportunities—it represents our joint response to global challenges, and we are honoured to embark on this important journey alongside British companies.

    Background

    • KIND was established in June 2018 by the Government of the Republic of Korea to support Korean companies for project planning, feasibility studies, project information and project bankability.

    • The UK works with partner countries to jointly deliver high-quality infrastructure projects in third markets through the Third Country Cooperation (TCC) model.

    • The TCC partnership builds on the complementary strengths of both countries: South Korea brings globally recognised contracting expertise and cost-effective project delivery; the UK offers advisory services, engineering, project finance (including through UK Export Finance), and high-tech solutions.

    • Ukraine is a priority TCC market for both sides, although the agreement will also allow cooperation with other third countries.

    • Early reconstruction is vital to Ukraine’s resilience and ultimate victory, and the UK government is committed to mobilising British businesses to support this effort – helping to rebuild critical infrastructure, drive investment, and ensure Ukraine emerges stronger in the face of Russian aggression.

    • According to the World Bank’s Fourth Rapid Damage and Needs Assessment (RDNA4), as of 31 December 2024, the total cost of reconstruction and recovery in Ukraine is $524 billion (€506 billion) over the next decade, which is approximately 2.8 times the estimated nominal GDP of Ukraine for 2024.

    • The RDNA4 finds that direct damage in Ukraine has now reached $176 billion (€170 billion), up from $152 billion (€138 billion) in the RDNA3 of February 2024, with housing, transport, energy, commerce and industry, and education as the most affected sectors.

    • We have developed strong relationships with Ukrainian ministers, local mayors, and officials to identify immediate reconstruction needs, as prioritised by the Government of Ukraine. By promoting the expertise and capabilities of UK businesses, we can ensure UK companies are well-positioned to maximise their contribution to Ukraine’s recovery and reconstruction.

    Updates to this page

    Published 22 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Release: Bills increase transparency of money transfers and ports

    Source: New Zealand Labour Party

    Two Labour bills drawn from the Member’s Ballot today would require greater transparency of international money transfers, and bring more public accountability and transparency to port companies.

    “Too many families are losing money to hidden fees when they send remittances overseas. That’s not fair, especially with the cost of living rising,” Arena Williams said.

    “My Financial Markets (International Money Transfers) Amendment Bill will require banks and other money transfer services to be upfront about their fees, exchange rates, and commissions. Consumers should know exactly what they’re paying, before they send a cent.

    “New Zealanders pay more for international money transfers than people in Australia and other countries. My Bill is especially important for Pacific, Filipino, Indian and other migrant communities who regularly use remittance services to support loved ones abroad.

    “Banks and finance companies charge for these services in a way most consumers won’t understand. It’s not clear, it’s not fair, and it hits working families hardest.

    “This Bill is about making banking fairer for everyone, whether you’re sending money home to support family or making a purchase online in a foreign currency. Labour is on the side of consumers, not the banks.”

    The Bill would:

    • Require full disclosure of all fees, commissions, and exchange rates before a transfer is made
    • Ensure the total cost of a transfer is clearly displayed, including markups
    • Stop banks and providers from hiding charges in fine print

    “This is an important step in bringing down everyday costs for families – starting with banking. Everyone deserves to know what they’re paying,” Arena Williams said.

    Lemauga Lydia Sosene’s Local Government (Port Companies Accountability) Amendment Bill would bring more public accountability and transparency to publicly-owned port companies.

    “Currently, publicly-owned port companies are immune to Local Government Official Information and Meetings Act requests which limits their public accountability. This Bill would change that and give local communities greater transparency around decisions that could affect their lives,” Lemauga Lydia Sosene said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X. 

    MIL OSI New Zealand News –

  • MIL-OSI China: China’s imports from African LDCs surge under zero-tariff policy

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

    China’s zero-tariff policy for least developed countries (LDCs) with diplomatic ties to China, which took effect last December, is already showing results. From December to March, China’s imports from African LDCs rose 15.2% year on year, reaching US$21.42 billion, said an official from the Ministry of Commerce on Wednesday.

    MIL OSI China News –

  • MIL-OSI USA: 05.21.2025 ICYMI: Sen. Cruz’s No Tax on Tips Passes Senate Unanimously — Coverage Roundup

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    Washington, D.C. – Yesterday, the No Tax on Tips Act passed the Senate by a vote of 100-0. The bill had been introduced in the U.S. Senate by Sen. Ted Cruz (R-Texas), and co-led by Sen. Jacky Rosen (D-Nev.). It now heads to the U.S. House of Representatives for a vote.
    The No Tax on Tips Act exempts “cash tips”—cash, credit and debit card charges, and checks—from federal income tax by allowing taxpayers to claim a 100% deduction at filing for tipped wages.
    Here is what they are saying about the No Tax on Tips Act:
    FOX BUSINESS: Trump and Cruz’s ‘No Tax on Tips’ plan passes Senate with unexpected help from Dem
    “Sen. Ted Cruz’s “No Tax on Tips” plan, a concurrent campaign promise of President Donald Trump, got an unexpected boost late Tuesday when a Democratic supporter quickly got it passed through the Senate as a standalone bill.
    “Cruz’s bill, which Rosen signed onto, would exempt cash tips and card-charged gratuities from federal income tax via a 100% deduction come Tax Day.”
    SEMAFOR: Rosen and Cruz deliver a Senate surprise: Unanimous passage of a Trump priority
    “…The entire chamber signed off on Rosen’s attempt, and the Senate unanimously passed the legislation led by Sen. Ted Cruz, R-Texas, that the Nevada Democrat has also long supported.…‘What we just saw is the Senate passing No Tax on Tips 100-0,’ Cruz said on the Senate floor. ‘And now we are sending it to the House of Representatives.’”
    NBC News: Senate unexpectedly passes the No Tax on Tips Act in a unanimous vote
    “‘Whether it passes free-standing or as part of the bigger bill, one way or another, No Tax on Tips is going to become law and give real relief to hard-working Americans,’ Cruz said on the floor. ‘So I’m proud of what the Senate just did, and I commend Democrats and Republicans, even at a time of partisan division, coming together and agreeing on this commonsense policy.’”
    DALLAS MORNING NEWS: Senate passes Ted Cruz bill to exempt tips from federal income tax
    “U.S. Sen. Ted Cruz, R-Texas, authored the bill, which was approved by unanimous consent, meaning no senator objected to its passage. Cruz cast the show of bipartisan solidarity as a miracle and said the policy is now almost certain to pass the House and become law.
    “The exemption on tips will have a lasting effect on millions of Americans, Cruz said.”
    DAILY CALLER: Senate Democrats Join Republicans To Approve Major Trump Campaign Promise
    “Republican Texas Sen. Ted Cruz’s No Taxes on Tips Act would exempt tips from taxation under the federal income tax. The legislation’s passage delivers on a central pledge of President Donald Trump’s 2024 presidential campaign to provide tax relief to tipped workers.
    “Cruz spoke shortly after Rosen to praise the legislation’s passage, which he called ‘commonsense, bipartisan tax reform.’”
    AXIOS: Senate passes “No Tax on Tips” in surprise move
    “It came as a genuine surprise to many in the chamber: The expectation was that at least one senator would object to passage of the measure. But when Sen. Jacky Rosen (D-Nev.) asked unanimous consent to pass the bill, no lawmakers on either side of the aisle objected.
    “The No Tax on Tips Act was introduced by Sen. Ted Cruz (R-Texas) and sponsored by a bipartisan group of senators.”
    BACKGROUND:
    Sen. Cruz has consistently prioritized tax cuts and job access:
    Sen. Cruz helped enact historic tax reform in 2017, which gave a tax cut to virtually every taxpayer in America. It reduced taxes on small businesses, farmers, ranchers, and job producers, which has helped bring jobs to Texas.
    He has fought to make permanent the 2017 historic tax cuts for individuals.
    Sen. Cruz also helped pass the USMCA trade agreement, which was signed by President Trump, a decisive victory for Texas farmers, ranchers, businesses, and manufacturers.
    For his efforts to support Texas businesses large and small, Sen. Cruz received the U.S. Chamber of Commerce’s prestigious “Spirit of Enterprise” award.
    To read the bill text, click HERE.

    MIL OSI USA News –

  • MIL-OSI USA: ICYMI: At Hearing, Shaheen Presses SBA Administrator on Support for Small Businesses Devastated by Tariffs, District Office Staffing Cuts

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Washington, DC) – Today, U.S. Senator Jeanne Shaheen (D-NH), a top member and former Chair of the U.S. Senate Small Business and Entrepreneurship Committee, pressed Small Business Administration (SBA) Administrator Kelly Loeffler on the Trump administration’s failure to support small businesses facing economic upheaval in the wake of President Trump’s global trade war. Click HERE to watch the full exchange. 
    Key quotes from Senator Shaheen: 
    On staffing cuts at SBA district offices, Shaheen said, “I was concerned when I saw that the budget requests a 30 percent cut to staffing of district offices. Administrator Loeffler, in your confirmation hearing I asked you about ensuring that the district offices have the support and the staff they need. And at that time you said, ‘you have my commitment,’ I’m quoting you now. And you also said, ‘I can assure you we will put an emphasis on the field,’ but I can tell you that New Hampshire’s district office started with seven staff this year. Now they’re down to only three.” 
    Administrator Loeffler was unable to provide a timeline for filling the vacant positions. 
    On the Trump administration’s proposed elimination of the State Trade Expansion Program (STEP), Shaheen said, “This is a program that, again, has really made a difference for small businesses in New Hampshire where we do a lot of exporting and we’re trying to do it much better. So that again, is why I was surprised to see that that program got zeroed out in the budget request.” 
    On the impact of Trump’s trade war in New Hampshire, Shaheen said, “I visited a bakery in Derry, New Hampshire, that was started over 25 years ago. It was started to address sugar free baked goods. They do 85 percent of their business with Canada. They used to have 25 employees. Now they have two because the president’s tariffs have put them out of business.” 
    On support for small businesses impacted by Trump’s tariffs, Shaheen asked, “While I appreciate that [tariffs are] the president’s idea for how to help small businesses, we have a lot of small businesses in New Hampshire who are not being helped by those tariffs. And so, what I want to know is what SBA can do to help those small businesses to compensate for the impact that those tariffs are having on them?” 
    Administrator Loeffler did not respond.  
    Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act which would limit the president’s ability to leverage sweeping tariffs that increase costs for American consumers and families. Her effort to pass this bill by unanimous consent was blocked by Senate Republicans. In recent months, Shaheen has traveled across the Granite State to visit businesses including Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings to hear directly from Granite Staters impacted by the administration’s tariffs. 
    A top member and former chair of the U.S. Senate Small Business and Entrepreneurship Committee, Shaheen helped create STEP as a pilot program in 2010. The program was fully authorized by Shaheen’s small business trade amendment that was signed into law in 2016. Since its creation, STEP has awarded $235.5 million in grants and directly supported more than 13,000 small businesses’ international expansion and export growth.   

    MIL OSI USA News –

  • MIL-OSI: Apollo Capital Issues a With Prejudice Offer to MediPharm Labs and Its Board of Directors to Ensure Shareholder Rights Are Protected at the 2025 Annual Meeting

    Source: GlobeNewswire (MIL-OSI)

    Believes the Board Continues to Take Oppressive Actions Which Fundamentally Disregard the Rights and Interests of Shareholders

    Asserts the Board’s Unlawful, Desperate and Self-Serving Tactics Clearly Indicate That the Current Directors Will Go to Any Lengths Necessary to Entrench Themselves

    Requests that MediPharm Agree to Conduct the June 16th Annual Meeting Under the Oversight of an Independent Chair to Ensure Shareholders Have the Opportunity to Hold the Current Board Accountable and Elect New Leaders

    TORONTO, May 21, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”) which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm”, “MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, today issued a “With Prejudice” offer to MediPharm’s Board of Directors (the “Board”) in order to ensure that the rights of shareholders are protected in connection with the Company’s upcoming 2025 Annual and Special Meeting of Shareholders to be held on June 16, 2025 (the “Annual Meeting”).

    CEO and Chairman Regan McGee of Apollo Capital commented:

    After disastrous Q1 2025 financial results and 22 consecutive quarters of losses, rather than assume accountability for its value-destructive decisions, we believe that the Board continues to take oppressive actions against shareholders, demonstrating that its sole priority is self-preservation and entrenchment.

    All indications point to the Board’s desire to run a corrupt election process to ensure their victory so that they can continue to siphon the remainder of MediPharm’s cash reserves into their own pockets until the Company runs out of money in November.

    What possible objection could they have to an independent chair running the meeting if this was not the case?

    This is why we have taken the step of publicly extending this offer which can be accessed at this LINK.

    While we expect Chairman Chris Taves (Managing Director and Head of Asia for Bank of Montreal, BMO Capital Markets) to continue to obstruct the appointment of an independent chair, Apollo Capital will not be deterred and will continue to do whatever is necessary to ensure that all shareholders have an opportunity to replace the directors whose decisions have completely destroyed shareholder value.

    MediPharm and its Board have consistently acted in a manner that unfairly disregards the rights and interests of shareholders by pursuing a strategy of entrenchment, obfuscation and character assassination of dissenting shareholders, improperly placing their own personal interests ahead of the interests of the Company and its shareholders, including by:

    • Undermining and disenfranchising Apollo Capital and all other MediPharm shareholders from exercising their rights to hold the board accountable for running the Company into the ground;
    • Making groundless public attacks on Apollo Capital, including false allegations of us acting jointly or in concert with other understandably disgruntled shareholders, and fabricating malicious and completely meritless accusations of criminal behaviour like harassment and the utterance of threats;
    • This is nothing less than thug behaviour and a menacing attempt to deter and silence any shareholders from raising their valid concerns in a public forum.

    Apollo Capital urges all of our fellow shareholders to reject the Board’s intimidation tactics, which are evidently geared to silencing anyone who demands change and accountability. It is sad that this is the tactic that the board has resorted to in an attempt shift attention away from their own epic failures and to discourage other shareholders from speaking out.

    It is Apollo Capital’s belief that not accepting this offer would clearly demonstrate that the board of directors of MediPharm’s only priority is self-preservation and entrenchment, improperly placing their own personal interests ahead of the law and the interests of the company and its shareholders.

    What possible objection could they have to a lawful and fair election with an independent Chair if this is not the case?

    All MediPharm stakeholders, including its employees and shareholders, deserve an independent third party running the Annual Meeting to ensure a fair, transparent and lawful process.

    Shareholders can visit www.CureMediPharm.com, to sign up for important campaign updates.

    To access Apollo Capital’s Circular and related proxy materials, including a proxy or voting instruction form, visit SEDAR+ at www.sedarplus.ca.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    CureMediPharm@gasthalter.com

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting, Apollo Capital has filed an amended and restated dissident information circular (the “Circular”) in compliance with applicable corporate and securities laws. Apollo Capital has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of Apollo Capital’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Circular and other relevant documents by contacting Apollo Capital’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by Apollo Capital and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by Apollo Capital is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of Apollo Capital who will not be specifically remunerated therefor. In addition, Apollo Capital may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy Advisors (“Carson Proxy”) for solicitation and advisory services in connection with the solicitation of proxies for the Meeting, for which Carson Proxy will receive a fee not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide Apollo Capital with certain communications, public relations and related services, for which G&Co will receive a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that Apollo Capital’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of Apollo Capital nor any of their associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of Apollo Capital nor any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors, the election of directors, the appointment of auditors and the approval of the ordinary resolution approving, among other things, the Company’s amended and restated equity incentive plan dated May 8, 2025 and the unallocated awards available thereunder.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of Apollo Capital and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and Apollo Capital disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Apollo Capital hereafter becomes aware, except as required by applicable law.

    The MIL Network –

  • MIL-OSI USA: Fischer Discusses Her Paid Family and Medical Leave Tax Credit with Small Business Administrator

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    Fischer’s Paid Family and Medical Leave Tax Credit first-ever enacted into federal law in 2017 Tax Cuts & Jobs Act; Fischer working to make tax credit permanent in budget reconciliation

     Today, U.S. Senator Deb Fischer (R-Neb.), a member of the Senate Appropriations Committee, questioned Small Business Administration (SBA) Administrator Kelly Loeffler on her commitment to implement her Paid Family and Medical Leave Tax Credit (PFML)—the only national PFML policy ever enacted into federal law. She highlighted that her bill now requires the SBA to do targeted education, outreach, and technical assistance on the credit to inform employers how they can use it.

    Earlier this month, the House Ways & Means Committee included Fischer’s Paid Family and Medical Leave Tax Credit Extension and Enhancement Act in their tax bill as part of the House reconciliation package.

    Click the image above to watch a video of Fischer’s questioning

    Click here to download audio
    Click here to download video

    On Supporting Fischer’s Paid Family and Medical Leave Tax Credit for Small Businesses:

    Fischer: As you know, in the 2017 tax bill, it included my bill to create a tax credit for employers who offer paid family and medical leave to their employees. The credit is the only national paid family medical leave policy that has ever been enacted into federal law. The credit expires at the end of this year, and I’ve introduced legislation to make a couple of tweaks to make the credit permanent. I was pleased to see that the House included my bill in their tax package, and I look forward to working with my Senate colleagues to see that it is included in the final product. I believe that the SBA can play a critical role in increasing awareness of the credit.

    One of the tweaks we made in the bill was to require SBA to do targeted education, outreach, and technical assistance on the credit and how employers can use this. And when we designed the bill, our hope was that small businesses would be able to take advantage of it to offer their hourly employees a paid family medical leave that many of them do not have the opportunity to have as employees from larger businesses and corporations have that.

    We know that over 75% of small business owners support a federal financial incentive for small employers to provide paid leave benefits. Another survey tells us that for small business owners who don’t offer paid leave, over 58% reported that while they wanted to, they couldn’t afford to. So, I think awareness, education, assistance are keys here, and I think the SBA will play a large role in helping to get the word out.

    Again, this is a tax credit, pro-business, pro-family, not a mandate, not a new entitlement. Like in FY 25, I also intend to secure funding for the SBA to conduct that outreach. Can you commit to me that SBA will carry out this work diligently and quickly once we’re able to get the authority and the funding to do the work?

    Loeffler: Well Senator, thank you for your leadership in this important area, and you brought it to my attention during my confirmation process. So, I’m pleased to hear that it’s progressed, and it’s timely, because we at the SBA have refocused on our field organization in our 68 regional offices, and as you just heard, our 1,000 small business development centers that would be an excellent conduit to support awareness and implementation and support. It’s one more reason that this tax bill is so critical to small businesses across this country, so I look forward to learning more about that with you and your team and welcome the conversation.


    Background on Fischer’s work on Paid Family and Medical Leave:

    Fischer and Senator Angus King (I-Maine) established the country’s first-ever nationwide PFML policy, which was included in the 2017 Tax Cuts and Jobs Act and implemented in 2018. Fischer and King reintroduced the bill in February, which builds upon the 2017 law to better serve working families. It also provides additional ways for businesses to qualify for the paid leave tax credit, such as paying for PFML insurance products, and requires greater outreach efforts to raise awareness about the credit.

    MIL OSI USA News –

  • MIL-OSI USA: Passed by Senate Commerce Committee: Fischer’s Bill to Fight Freight Fraud

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    Household Goods Shipping Consumer Protection Act now eligible for Senate Floor vote

    Today, U.S. Senator Deb Fischer’s (R-Neb.) legislation to fight freight fraud unanimously passed out of the Senate Commerce Committee. The Household Goods Shipping Consumer Protection Act now awaits consideration on the Senate floor. Fischer introduced the bill in January of this year.

    If signed into law, the Household Goods Shipping Consumer Protection Act would give the Federal Motor Carrier Safety Administration (FMCSA) the tools needed to protect consumers from fraud by scammers in the interstate transportation of household goods.

    The legislation is cosponsored by U.S. Senator Tammy Duckworth (D-Ill.). U.S. Representatives Eleanor Holmes Norton (DC-AL) and Mike Ezell (MS-04) introduced identical companion legislation in the House.

    Click the image above to watch a video of Fischer’s remarks in the Senate Commerce Committee

    Click here to download audio
    Click here to download video

    Fischer’s Remarks as Prepared for Delivery:

    Today, this committee unanimously advanced my bill, S. 337, the Household Goods Shipping Consumer Protection Act.

    I want to thank Senator Duckworth for helping lead this effort. Since 2021, there has been a 1500% percent increase in cargo theft incidents, costing the industry $35 billion annually.

    S. 337 allows FMSCA to impose civil penalties against unauthorized brokers. 

    Additionally, it would require companies in the household goods sector to establish a principle place of business to prohibit fraudulent companies from skirting existing regulations. 

    This bipartisan, bicameral legislation will give the FMCSA the tools needed to protect consumers from fraud by scammers in the interstate transportation of household goods.

    MIL OSI USA News –