Category: CTF

  • MIL-OSI USA: Memorial Day

    Source: US State of Alaska Governor

    President Trump will order all flags to half-staff from Sunrise until Noon on Monday, May 26, 2025, in honor of Memorial Day. His proclamation will be posted at https://www.whitehouse.gov/presidential-actions/proclamations/ as soon as it is available.

    MIL OSI USA News

  • MIL-OSI Russia: China International Cultural Industry Expo Enters Third Decade: Symbiosis of Culture and Technology

    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

    Over the 21 years of its operation, the China International Cultural Industry Expo (hereinafter referred to as the Expo) has achieved impressive results. During this time, the total transaction volume has exceeded 3 trillion yuan, over 45,000 enterprises have been provided with various services and 2 million types of products have been displayed. The Expo can rightfully be called a global “supermarket” where commercial activities of the cultural industry are carried out.

    By implementing the “super traffic precise resource solutions” scheme, the Fair opened the way to globalization for traditional crafts, painting and other sectors of the cultural industry.

    During the 2024 Fair, Lu Ting’s team from Qiandongnan, Guizhou Province set a record: their goods were sold out on the first day, and after an emergency replenishment, the rush continued and all the goods were sold out again. Lu Ting established 7 Dong embroidery bases and implemented an order-based training model, providing jobs for more than 2,000 embroiderers.

    Thanks to the Fair’s platform, Dafen Village, a district of Shenzhen, has been transformed from a slum into the “oil painting capital of the world” with an annual turnover of 4 billion yuan.

    Based on the data, the Fair clearly demonstrated that culture is a productive force.

    In recent years, Shenzhen has been paying close attention to the implementation of national strategies and industrial development. Based on its advantages in technological innovation, it has been actively developing digital creative industry clusters and creating unique scenarios for the integration of culture and technology. In 2024, there were 3,754 enterprises in the cultural and related industries above the designated scale in the city, with a business revenue of RMB 1287.508 billion, accounting for 51.5% of the provincial total and 9.1% of the national total.

    Impressive data, promising changes indicate the rapid development of China’s cultural industry. The history of the event reflects the stages of development and flourishing of the industry.

    The fair, like a mirror, reveals the secret of the eternal vitality of Chinese civilization, hidden in openness and inclusiveness. This grand cultural event, which spans two decades, and its unlimited form of implementation demonstrate that only a dynamic culture can have uninterrupted continuity.

    As the Fair enters its third decade, it has become a true nexus. We believe that when the depth of culture, the power of innovation, and the spirit of openness resonate, the stories of the Guangdong-Hong Kong-Macao Greater Bay Area and Chinese stories will rise to the level of a modern civilization narrative with universal significance.

    MIL OSI Russia News

  • MIL-OSI Russia: UNHCR to stop providing health care to Syrian refugees in Lebanon

    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

    BEIRUT, May 29 (Xinhua) — The United Nations High Commissioner for Refugees (UNHCR) will stop providing health care to some 1.5 million Syrian refugees living in Lebanon from November due to a significant funding cut, Lebanon’s National News Agency (NIA) reported.

    The cessation of medical services was announced during a meeting between a UNHCR delegation led by the office’s representative in Lebanon, Ivo Freissen, and Lebanon’s Minister of Health, Rakan Nassereldin.

    I. Freysen said there were plans to gradually reduce support for several primary health care centres due to reduced contributions from international donors.

    R. Nassereldin urged the international community to fulfil its humanitarian obligations towards vulnerable groups.

    Lebanon saw a new wave of displacement less than three months ago, the minister said, so the number of refugees remains very high compared to the size of the country and the ability of its health system to bear the additional burden.

    He also pointed to the key role of UNHCR, which, together with Lebanon and other international actors, is seeking sustainable solutions to ensure refugees have continued access to health care, in particular through support to primary health care centres.

    Lebanon has one of the highest per capita numbers of Syrian refugees in the world. Despite regime change and the recent easing of U.S. sanctions, Syria remains vulnerable to security threats and the deteriorating economic situation further complicates repatriation and reintegration efforts. –0–

    MIL OSI Russia News

  • MIL-OSI USA: Governor Ivey Signs “FOCUS Act” Preventing Use of Cell Phones in Alabama Public Schools

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey has signed the FOCUS Act, prohibiting students’ use of smart phones and other wireless devices inside Alabama’s public schools.

    Flanked by middle school students, Governor Ivey signed the FOCUS Act into law Wednesday morning in her office.

    “In my state of the state address, I repeated the requests of Alabama teachers and parents in calling for a ban on student cell phone use in our schools,” said Governor Ivey.  “Smart phones have beneficial roles when used in proper settings. However, these often-disruptive devices have no place in our classrooms during the school day except for educational purposes or during an emergency.  The FOCUS Act will enable students to ‘focus’ on learning while in school rather than on their phones.”

    “As a parent, equipping my children to excel in all aspects of life is priority number one, and what they learn in the classroom plays an immense role in that,” said Rep. Leigh Hulsey. “The FOCUS Act will limit distractions and provide an avenue for every student in our state to get the absolute most out of their day at school, leading to a stronger Alabama of tomorrow. I am grateful to Governor Ivey for the opportunity to sponsor this important legislation and sincerely appreciate the support of my colleagues in the House and Senate.”

    Internet-enabled devices present additional risks to children even when students are properly using them as part of their school curriculum. For this reason, the FOCUS Act will also protect students by requiring local boards of education to adopt internet safety policies governing student access to the internet on school-owned devices.“Our goal should always be to create an environment where students can reach their full potential – the FOCUS Act does just that,” said Sen. Donnie Chesteen. “By restricting the use of cell phones during instructional time, students will perform better, stay more engaged and enjoy stronger classroom communities. I applaud my colleagues in the Legislature for passing this important legislation and commend Governor Ivey for championing it.”

    Pike Road Junior High currently has a pouch policy for their cell phones and credits the students’ success to that policy.

    “Governor Ivey, thank you for your leadership,” said Pike Road Junior High Principal Christy Wright. “The truth is this isn’t just about a law, it’s about what happens when students and teachers are given the space and focus to grow. At the Pike Road Georgia Washington Campus, we implemented a no cell phone policy well before this bill was passed and the results have been powerful. We’ve seen a clear shift in our school culture: more engagement, deeper connections, and a greater sense of community. But the impact hasn’t just been social, it’s also academic. I am incredibly proud to share that our eighth-grade learners recently took the PSAT 8/9, and the results came in just yesterday. Not only did our school reach our growth target of a 60-point increase, we exceeded it with a 95-point gain. Even more impressively, our scores are 39 points above the national average. That is an extraordinary accomplishment.”

    The FOCUS Act will also protect children and teens by requiring the Alabama State Department of Education to offer safe social media training for all students prior to entering the eighth grade.

    A photo of today’s bill signing is attached.

    To request video from today’s signing, please email: [email protected].

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Signs “Powering Growth” Plan into Law to Secure Energy Dominance for Future Growth

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Wednesday signed into law comprehensive legislation designed to solidify Alabama’s energy dominance, accelerate economic development and address potential critical energy infrastructure supply chain vulnerabilities. The “Powering Growth” plan includes the establishment of the Alabama Energy Infrastructure Bank, a strategic plan to mitigate long lead times for crucial energy equipment and streamlined permitting processes mirroring recent federal initiatives signed by President Trump to support economic development projects.

    The Powering Growth plan’s goal is to create a robust framework for energy dominance and security across Alabama. This initiative aligns with the Alabama Growth Alliance’s strategic priorities, focusing on expanding energy capacity and developing prime sites for industrial and commercial development, turning “shovel ready sites” into “move in ready” sites and addressing supply chain constraints.

    “In order to keep Alabama’s economy growing, we’ve got to make sure that we have the power to support it,” said Governor Ivey. “That’s what Powering Growth is all about — making sure our energy infrastructure is robust enough to meet the demands of new industries, new jobs and a stronger future. This plan ensures we’re prepared to compete, not just with neighboring states, but on a national level. By investing now, we’re laying the groundwork for long-term growth – especially in areas that need it most.”

    Key Components of Powering Growth:

    Cutting Red Tape for Energy and Economic Growth

    • Streamlines permitting and removes unnecessary regulatory delays so energy

    infrastructure projects can move faster and at lower costs.

    • Makes Alabama more attractive to industrial prospects that need speed to market and predictability in the planning process.

    Fixing Supply Chain Bottlenecks

    • Accelerates access to critical materials and equipment for energy infrastructure.
    • Reduces government-caused delays that slow down site readiness and project approvals.

    Developing More Move-In-Ready Industrial Sites

    • Funds energy development at industrial parks and economic development prospects to make more sites power ready.
    • Helps local communities compete for job-creating projects by eliminating a key barrier: lack of immediate power access.

    Creating the Alabama Energy Infrastructure Bank (AEIB)

    • Provides flexible financing for power infrastructure tied to industrial growth and job creation.
    • Funds energy infrastructure expansion to power up sites statewide.
    • Ensures grid reliability and resilience, strengthening Alabama’s long-term energy security.
    • Leverages state funds to unlock private and federal investment, without raising taxes.

    “Alabama has already achieved remarkable success by focusing on what economic development truly demands: available land, strong incentives, robust broadband and excellent roads and bridges,” said Commerce Secretary Ellen McNair. “However, energy availability consistently ranks as the No. 1 factor in site selection for economic development projects, and the demand for energy is growing exponentially nationwide. By investing in our energy infrastructure and addressing supply chain vulnerabilities – across both our urban and rural areas – we are laying the foundation for long-term economic prosperity and ensuring Alabama remains a premier destination for businesses.”

    The Alabama Growth Alliance, a coalition of business and government leaders dedicated to driving economic development, has identified energy infrastructure and supply chain resilience as key priorities. A statewide study commissioned by the Legislature and the Commerce Department identified the establishment of the Energy Infrastructure Bank as well as targeted growth projects that may help the State Industrial Development Authority in directing this funding mechanism.

    “Powering Growth is truly a visionary plan that was developed through a collaborative, forward-thinking approach to identify today our energy needs for tomorrow,” said state Sen. Arthur Orr. “You don’t want to build a levee when the water is already rising. As energy demand is going to continue to accelerate in the future, we are laying the groundwork now through Powering Growth to ensure we are able to compete and win on economic development projects for decades to come.”

    Alabama House Speaker Nathaniel Ledbetter emphasized the importance of this initiative for Alabama’s economic trajectory while stressing sustainability and accountability.

    “Building more energy capacity, overcoming supply chain hurdles and improving the speed of permitting is essential for building a stronger economy,” said Speaker Ledbetter. “This legislation represents a strategic investment in our state’s future, ensuring we have the energy resources necessary to support job creation and economic growth for generations to come while at the same time ensuring sustainable growth that protects our citizens without raising taxes.”

    Alabama Senate Pro Tem Garlan Gudger said that in the development of this package, the Legislature made it a top priority to ensure that this package focuses on helping develop and support rural areas.

    “My key focus throughout the development of these bills has been to make sure that they support and grow opportunity in the rural parts of our state,” said Pro Tem Gudger. “We worked to include language in these bills that ensures a significant portion of this investment goes to rural Alabama, and I can’t wait to see the projects and economic growth that these investments will make for years to come. Energy security and dominance is critical for growth, and this is a big step forward in ensuring that we have both here in Alabama.”

    A photo of today’s bill signing is attached.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Appoints Judge Bill Lewis to Serve on Supreme Court of Alabama

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Tuesday appointed Judge Bill Lewis to serve on the Supreme Court of Alabama. This comes following yesterday’s announcement from Justice Jay Mitchell that he was resigning his position on the state’s top court.

    “Judge Bill Lewis continues demonstrating justice and fairness under the law, as well as a willingness to serve the people of Alabama,” said Governor Ivey. “His decades of experience will serve the Supreme Court of Alabama well, and I am confident he is the best choice.”

    The governor appointed Lewis to the Alabama Court of Civil Appeals in February 2024. Prior to that, Lewis served as circuit court judge for the 19th Judicial Circuit in Elmore County where he was the Circuit’s presiding judge. Lewis was the senior partner of the Lewis Law Firm, a firm he started in 2006. Lewis served as assistant district attorney for the 19th Judicial Circuit before going into private practice. He has also served as a criminal defense attorney in criminal cases and practiced civil and family law.

    Judge Lewis received his undergraduate degrees in political science and economics from the University of the South and his law degree from the Cumberland School of Law.

    Governor Ivey spoke to Judge Lewis this morning. Judge Lewis’ appointment is effective immediately. The governor’s appointment to fill Judge Lewis’ vacant seat on the Court of Civil Appeals will be announced soon.

    Judge Bill Lewis’ official headshot is attached.

    A copy of Justice Mitchell’s resignation letter is also attached.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Appoints Judge Benjamin M. Bowden to Alabama Court of Civil Appeals

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Wednesday announced the appointment of Judge Benjamin M. Bowden to the Alabama Court of Civil Appeals.  The governor informed Judge Bowden of her selection today.

    “Judge Bowden’s impressive record as a legal scholar is matched by his exemplary performance as an attorney, prosecutor and judge. He has steadfastly demonstrated a dedication to justice and fairness under the law.  I have the utmost confidence that he will serve with the highest integrity,” said Governor Ivey.

    Judge Bowden will fill the vacancy on the Alabama Court of Civil Appeals left by Judge Bill Lewis, who was appointed by Governor Ivey to the Alabama Supreme Court on Tuesday, following the resignation of Justice Jay Mitchell.

    “I am humbled by the confidence Governor Ivey has shown in allowing me to serve on the Alabama Court of Civil Appeals,” said Judge Ben Bowden.  “Angie and I are thrilled at this new opportunity.  I’m a public servant at heart and I look forward to serving the people of Alabama in this important and exciting way.  Can’t wait to get started!”

    Judge Bowden has held the position of Circuit Judge of the 22nd Judicial Circuit in Covington County since his election in 2016.  Previously, Judge Bowden served as Probate Judge of Covington County from 2008 until 2016.

    The holder of an undergraduate degree from The University of Alabama and a juris doctor from The University of Alabama School of Law, Judge Bowden received his officer’s commission through the U.S. Air Force ROTC program.  Upon graduation in 1992, he entered the U.S. Air Force Judge Advocate General’s Corps, serving at Bitburg Air Base, Germany, and Aviano Air Base, Italy.

    After leaving active duty in 1997, Judge Bowden returned stateside to join the Andalusia law firm of Albrittons, Clifton, Alverson, Moody & Bowden, P.C.  There, he maintained a general litigation practice while also serving as the Municipal Prosecutor for the City of Andalusia and as an Assistant District Attorney.  During his career, he successfully prosecuted two capital murder cases, one of which was the longest jury trial in the history of Covington County.

    Judge Bowden remained a member of the Air Force Reserves until his retirement in 2023 with the rank of Colonel.

    Judge Bowden’s appointment is effective immediately.

    Judge Bowden’s official headshot is attached.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey, Joined by Commissioner Newton and Adjutant General Pritchett, Releases Memorial Day Video Honoring America’s Fallen Heroes

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey today released a special Memorial Day video message, joined by Alabama Department of Veterans Affairs Commissioner Jeff Newton and Alabama National Guard Adjutant General David Pritchett, to honor the brave men and women who made the ultimate sacrifice in service to our nation.

    The video features individual messages from each leader. Together, they reflect on the meaning of Memorial Day, recognize the families of the fallen and urge all Alabamians to remember those who never made it home.

    [embedded content]

    Click here or the above for VIDEO.

    Script:

    GOVERNOR IVEY:

    Memorial Day is a time we pause as a nation.

    A day we set aside to honor the brave men and women who paid the ultimate price for our freedom.

    COMISSIONER NEWTON:

    These heroes wore the uniform. They answered the call. They fought with courage.

    And they gave their lives to protect the very values that define us as Americans.

    ADJUTANT GENERAL PRITCHETT:

    They were soldiers, sailors, marines, guardians and air men.

    They came from every corner of our country – rural towns, big cities and everywhere in between.

    Many of them, from right here in Alabama.

    GOVERNOR IVEY:

    As governor, I’m proud that Alabama stands strong in our commitment to honor their legacy.

    Because behind every fallen hero is a family that carries the weight of their sacrifice every day.

    To those families – we support you. We grieve with you. And we thank you.

    COMISSIONER NEWTON:

    Freedom isn’t free. It’s paid for by the men and women who stepped into danger so we could live in peace.

    Their legacy lives on in every flag flying high…in every moment of liberty we enjoy.

    ADJUTANT GENERAL PRITCHETT:

    We ask you to reflect on the true meaning of the day.

    And to remember those who never made it home.

    GOVERNOR IVEY:

    Their sacrifice is a debt we can never repay.

    But we can – and must – honor it.

    Not just today, but every day.

    EVERYONE:

    This Memorial Day, Alabama remembers.

    We honor.

    We salute.

    And we will never forget.

    For your publishing and broadcasting purposes, the governor’s video message can be downloaded here:

    ###

    MIL OSI USA News

  • MIL-OSI Africa: African Mining Week (AMW) 2025 to Unpack the Democratic Republic of the Congo’s (DRC) Cobalt Market Prospects, Global Significance

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, May 29, 2025/APO Group/ —

    As the Democratic Republic of the Congo (DRC) seeks to maximize the financial and economic returns from its cobalt reserves – considered some of the largest worldwide -, the upcoming African Mining Week will spotlight the country’s expanding investment opportunities across the cobalt value chain.

    Taking place October 1-3, 2025, in Cape Town, the event is Africa’s premier gathering of mining stakeholders. A dedicated panel discussion, titled Cobalt Opportunity: DRC’s Strategic Position in the EV Revolution, will unpack the DRC’s pivotal role in the global cobalt market, detailing how the nation is boosting value addition, addressing global demand while creating lucrative prospects for international investors.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    A key ingredient for lithium-ion batteries, cobalt is witnessing a surge in demand as countries worldwide accelerate the deployment of energy transition technologies such as renewable energy, electric vehicles (EV) and energy storage. The World Bank posits that global cobalt consumption could increase to 344,000 tons in 2030, representing a 9.6% annual increase between 2017 and 2030. Accounting for 70% of global cobalt production, the DRC is strategically positioned to leverage its comparative advantage in the industry to increase revenue, drive development and consolidate its position as a global cobalt supplier.

    Given this potential, the country is enhancing its role in the global EV value chain by promoting local value addition and establishing direct supply agreements. The country partnered with Zambia and the African Export-Import Bank to develop regional Special Economic Zones (SEZs) for EV manufacturing, leveraging local cobalt resources to build a competitive industrial base. Supporting this vision is the creation of the Congolese Battery Council, which facilitates SEZ development, and a $350 million cobalt smelting plant under development in partnership with U.S.-based Delphos International. Similarly, Congolese firm Buenassa – backed by $3.5 million in initial funding from the government – is also constructing a hydrometallurgical plant in Lualaba province, set to produce 30,000 tons of copper cathode and 5,000 tons of cobalt sulphate annually by 2027.

    In addition to infrastructure advancements, the DRC is proving an attractive environment for foreign investment. Ivanhoe Mines reported revenues of $973 million in Q1, 2025 – a 57% year-on-year increase – at its Kamoa-Kakula Copper-Cobalt mine, demonstrating the potential for strong returns within the country. Meanwhile, China’s CMOC Group, the world’s top cobalt producer, achieved record-breaking production in 2024 from its Tenke Fungurume and Kisanfu mines and is on track to exceed those volumes in 2025, further strengthening the DRC’s global footprint in the EV revolution.

    Amid these developments, African Mining Week will connect global investors with the DRC’s rapidly evolving cobalt sector and its broad array of high-return opportunities. The panel discussion will outline investment opportunities, challenges and upcoming initiatives.

    MIL OSI Africa

  • MIL-OSI China: Beijing unveils 16 measures to boost AI-driven industry upgrades

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

    Beijing recently rolled out a new action plan to boost AI-driven industry upgrades. Including 16 measures, the plan provides substantial financial incentives for companies that develop industry-leading AI models, provides smart equipment upgrades, and enhances intelligent security systems.

    Specifically, the city plans to establish high-quality industry datasets, improve public data governance services, and support corporate data involvement in AI model training and the development of both industry-specific large models and high-performance intelligent agents.

    Companies creating widely applicable general-purpose intelligent agents that significantly improve manufacturing efficiency can receive subsidies of up to 30 million yuan. Similarly, developers of cutting-edge AI models that achieve domestic or international leadership status may qualify for up to 30 million yuan in support.

    For enhanced simulation and security capabilities, the initiative supports development of testing environments and defensive solutions, offering up to 30 million yuan for influential security platforms. Simulation verification projects designated as municipal or national priorities may qualify for a funding of up to 50 million yuan.

    According to the plan, the city will also support companies in adopting embodied intelligence models, 5G integration, and next-generation robotics. Eligible demonstration equipment and projects can receive up to 30 million yuan in subsidies, while pilot production lines for AI devices, including computers, mobile phones, and wearables, may obtain up to 50 million yuan in subsidies.

    Additionally, the city will expand talent pipelines, enhance consulting services, and provide targeted financial solutions to accelerate AI integration across industrial sectors.

    MIL OSI China News

  • MIL-OSI China: Trade volume exceeds 100B yuan at Beijing’s Daxing airport

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

    Beijing Daxing International Airport had handled a cumulative import and export value of 102 billion yuan ($14.19 billion) as of April this year since its opening in 2019, according to the Beijing Customs on Wednesday. This included 33.77 billion yuan in import and 68.23 billion yuan in export.

    Data shows that the airport has seen solid growth in import and export value in recent years, with annual figures surpassing 20 billion yuan in 2023 and 50 billion yuan in 2024. In the first four months of this year, the airport handled a total trade value of 16.1 billion yuan, up 6.8% year on year.

    “Trade at Daxing airport is characterized by a focus on high-tech products and close ties with Belt and Road Initiative (BRI) partner countries,” said Dong Ruiqiang, director of the Statistics and Analysis Department at Beijing Customs.

    High-tech goods have played a leading role, with total trade in such products reaching 61.98 billion yuan, accounting for 60.8% of all import and export through the port. In the first four months of this year, high-tech product trade reached 9.33 billion yuan, up 6.7% year on year. 

    Since 2019, the airport has established trade links with 127 countries participating in the BRI, with the cumulative import and export value hitting 56.3 billion yuan, accounting for 55.2% of the total foreign trade volume handled by the airport. From January to April 2025, the airport saw trade with BRI partner countries totaling 7.83 billion yuan, up 48.6% year on year.

    Daxing airport is emerging as a new engine for the coordinated development of the Beijing-Tianjin- Hebei region. Data shows that since opening, the airport has served enterprises from 31 provinces and municipalities nationwide, with non-Beijing enterprises contributing 60 billion yuan in trade volume, accounting for 75% of the total. 

    Notably, companies from Tianjin and Hebei posted sharp increases, with trade volumes reaching 1.4 billion and 1.35 billion yuan, respectively, up 113.9% and 59% year on year.

    The Daxing airport free trade zone is also seeing rapid growth, with total trade volume hitting 9.89 billion yuan in 2024, closing in on the 10-billion-yuan mark. In the first four months of the year, trade through the zone reached 2.67 billion yuan, up 50.9% year on year, with imports surging 260.3% to 2.4 billion yuan.

    MIL OSI China News

  • MIL-OSI China: Maresca: Conference League win is a starting point for Chelsea

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

    Chelsea head coach Enzo Maresca has praised his players for showing great team spirit following their 4-1 victory over Real Betis in the UEFA Conference League final on Wednesday.

    The Italian emphasized that winning the tournament represented a big step in the team’s development. “It can be a starting point for us. To build a winning mentality you need to win games and competitions. The trophy we won tonight is going to make us better in the future,” he said.

    Chelsea became the first club to win all four major UEFA competitions – Champions League, Europa League, Conference League, and the now-defunct Cup Winners’ Cup – and the FIFA Club World Cup after defeating the Spanish side in Wroclaw, Poland.

    Trailing 1-0 until the 65th minute, Maresca’s side scored four goals without reply, with midfielder Cole Palmer leading the Blues to victory with two assists in five minutes.

    “We picked up the intensity and put in a good performance in the second half. I was sick of getting the ball and just going backwards and sideways. For the first assist there was a bit of space, and I saw Enzo Fernandez running. The second was the same,” said Palmer, who was named Player of the Match.

    Wednesday’s win gave Chelsea double cause for celebration after the Blues had secured Champions League qualification by finishing fourth in the Premier League, thanks to a vital 1-0 win at Nottingham Forest in the season’s final matchday on Sunday.

    “It’s a good feeling for us and the fans. We’ve shown on Sunday that we can go to a tough place and win. On Wednesday we were losing, but I feel like we showed good character again to make the comeback,” Palmer added.

    Maresca hailed the attitude of his team, especially the players who had been substituted against Betis.

    “The best picture for me tonight is that when we scored, the first two guys to celebrate were Malo Gusto and Benoit Badiashile. They were the two players we changed. They enjoyed the celebrations and that means a lot. It means the spirit is good and everyone is helping each other,” Maresca said. 

    MIL OSI China News

  • MIL-OSI Banking: Reserve Bank cancels Certificate of Registration of M/s N.Y.Leasing Private Limited due to irregular lending practices

    Source: Reserve Bank of India

    In exercise of the powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the Reserve Bank has cancelled the Certificate of Registration (CoR) issued to the following Non-Banking Financial Company (NBFC):

    Name of the NBFC Registered Office Address CoR No. CoR issued on Name of the service provider (mobile app)
    M/s N.Y. Leasing Private Limited Plot No.-54A, Third Floor, Shiv Park, Near Old Palam Road, Sector-15, Dwarka, South West Delhi, Delhi-110078 CoR No.14.00300 March 06, 1998 Bardhaman Fintech Private Limited (Shine Loan App and Curry Cash App)

    As such, the above company shall not, hereinafter, transact the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934.

    The CoR has been cancelled by RBI as the company has violated RBI guidelines on outsourcing of financial services in its digital lending operations by outsourcing its core decision-making functions such as such as sourcing of customers, conducting their due-diligence, disbursement of loans, collection of repayments etc. as well as Know Your Customer (KYC) verification to the Service Provider.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/429

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: UK Government urged to abandon disability benefit cuts

    Source: Scottish Government

    Letter from Social Justice Secretary Shirley-Anne Somerville to Work and Pensions Secretary Liz Kendall

    Social Justice Secretary Shirley-Anne Somerville has written to UK Work and Pensions Secretary Liz Kendall, calling for an urgent change to the UK Government’s “immoral and reckless” social security reforms.

    Ms Somerville welcomed the suggestion by Prime Minister Keir Starmer that cuts to winter fuel payment could be eased, but said this was not enough.

    In the letter the Social Justice Secretary said:

    “I was pleased to hear the Prime Minister announce plans to ease the Winter Fuel Payment cuts in Parliament last week. I am also aware of various media reports suggesting that a change in the UK Government’s two-child limit may be announced shortly. I welcome these developments and recognise that it is a step in the right direction to delivering a more robust Social Security system.

    “However, deep concerns remain around the UK government’s damaging social security reforms, including those announced in the ‘Pathways to Work’ Green Paper.

    “Given the speculation on the reversal or partial reversal of policies on Winter Fuel Payment and Two Child Cap, I call on you to urgently scrap these immoral proposals on disabled benefits.

    “These plans will only push more into poverty. It is therefore reckless and totally unacceptable for the UK Government to press ahead, not least due to the expected severity of the impact they will have on all our efforts to end child poverty – completely undermining the work of the UK Child Poverty Taskforce.” 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: City Centre Youth Activities Kick Off for Summer

    Source: Scotland – City of Dundee

    A new programme of Friday evening youth events has kicked off in Dundee City Centre. 

    Activities are being run in partnership between Dundee City Council city centre management, Street Soccer Scotland, Police Scotland and local businesses. 

    The project is being supported by the UK Shared Prosperity Fund. 

    Street Soccer Scotland will set up a pitch in City Square for 20 weeks (subject to weather) on Friday nights in City Square from 6-9pm until Friday October 3. 

    There will also be extra activities on offer on certain evenings including end of school term dates where skateboarding and youth cafes will be provided. 

    Partners have come together to celebrate the launch of this year’s programme. 

    City council Fair Work, Economic Growth and Infrastructure convener Cllr Steven Rome said: “We are all keen that young people can enjoy positive experiences in the city centre and have found that these types of activities can build constructive relationships going forward. 

    “We are under no illusions that there are problems with behaviour issues in the city centre. However, we would rather try to do something about this by engaging with the young people directly.” 

    “I would like to thank the businesses which are becoming involved and our partners for putting together such a comprehensive programme for 2025, which build on last year’s offering.” 

    David Mackenzie, Street Soccer Manager (Dundee), said: “We’re thrilled to welcome the return of the youth sessions in Dundee’s City Square, delivered in collaboration with our partners and completely free for young people to attend. Sport continues to be a powerful tool for engagement, bringing people together while offering a safe, supportive environment for those who may be vulnerable on Friday nights.  

      

    “This initiative not only builds on the success of last year, but also strengthens connections between young people, local businesses, and emergency services. New for this year, we’re excited to introduce even more opportunities that lead to positive destinations, including guaranteed job interviews with major employers such as McDonald’s and Primark.” 

     

    Sergeant Daniel Forbes, Dundee City Centre Policing Team said: The return of the youth engagement sessions and activities in the City Centre are very welcome. We, the Police fully support the scheme and initiatives, in providing the youth community with a constructive and enjoyable way to express themselves, develop socially and physically in a safe environment. It’s a fantastic setting to be able to participate in all of these exciting activities right in the heart of our city. A massive thankyou goes out to all those individuals and organisations who have worked so hard together to bring this back to Dundee. 

    “These activities provide such valuable opportunities for all young people moving forward in their lives, providing options and positive pathways for them as they develop and grow. Previously these activities have really brought the community together, providing support for those who need it and encouraging others to develop further. From a Policing perspective this benefits the community, helping to combat youth disorder and anti-social behaviour. This allows us to work closely with the youth community and parents, break down barriers and build progressive constructive connections.” 

    Extra activities will be on offer on six of the Friday nights including two end of school term dates. 

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Over £7.4 million put back in working people’s pockets by employers

    Source: United Kingdom – Government Statements

    Press release

    Over £7.4 million put back in working people’s pockets by employers

    Employers who have left workers over £7.4 million out of pocket by failing to pay the National Living and National Minimum Wage named.

    • More money put into the pockets of hardworking people, as government delivers the biggest upgrade to worker’s rights in a generation, as part of the Plan for Change
    • Workers will be paid over £7.4 million by employers after nearly 60,000 workers have been left out of pocket.
    • Action builds on recent uplift to the National Living and National Minimum Wage which puts £1,400 into the pockets of workers and families across the UK

    Nearly 60,000 workers who have been left out of pocket will be repaid over £7.4 million the Government has announced today [Thursday 29th May] in its latest move to Make Work Pay.

    This follows a significant uplift to the National Living Wage and National Minimum Wage – putting £1,400 into the pockets of full-time workers on NLW and supporting millions of families across the country – as well as the biggest upgrade to workers’ rights in a generation under the Employment Rights Bill.

    As part of the Plan for Change, this Government’s priority is to grow the economy and raise living standards. A strong economy can only be built when people have financial security whilst in work and robust enforcement action will be taken against employers who do not pay their staff correctly.

    The 518 employers and businesses named today have since paid back what they owe to their staff and faced financial penalties of up to 200% of their underpayment. The investigations by His Majesty’s Revenue and Customs (HMRC) concluded between 2015-2022.

    Minister for Employment Rights, Justin Madders said:

    There is no excuse for employers to undercut their workers, and we will continue to name companies who break the law and don’t pay their employees what they are owed.

    Ensuring workers have the support they need and making sure they receive a fair day’s pay for a fair day’s work is a key commitment in our Plan for Change. This will put more money in working people’s pockets, helping to boost productivity and ending low pay.

    Baroness Philippa Stroud, Chair of the Low Pay Commission, said:

    We welcome today’s publication. Underpayment leaves workers out of pocket and disadvantages the majority of employers who do abide by the rules.

    These naming rounds play an important part in ensuring that all workers receive their full wages and that they are aware there is support for them to ensure that they do.

    Putting more money into the pockets of the lowest paid increases workers’ financial security, offers stability to help increase staff retention and lowers recruitment costs for businesses in the long run.  Whilst not all minimum wage underpayments are intentional, the Government is clear that enforcement action will be taken against employers who do not pay their staff correctly.

    Ahead of permanently lowering tax rates for high street retail, hospitality, and leisure (RHL) from 2026/27, we have prevented the current RHL relief from ending this April, extending it for one year to ensure that over 250,000 RHL properties see a full 40 per cent reduction on their liability, and we have frozen the small business multiplier. 

    Notes to Editors:

    • If workers suspect they are being underpaid, they can visit gov.uk/checkyourpay to find out more about what they can do.
    • Workers can also call the Acas helpline on 0300 123 1100 or visit their website for free, impartial and confidential advice or complain to HMRC at Pay and work rights helpline and complaints
    • The minimum wage law applies to all parts of the UK.
    • Employers should always carry out the necessary checks – see the guidance: Calculating the Minimum Wage
    • HMRC consider all complaints from workers, so workers are being reminded to check their pay with advice available through the Check your pay website
    • National Living Wage and National Minimum wage rates:
    2024 rate 2025 rate
    National Living Wage (21 and over) £11.44 £12.21
    18 to 20 £8.60 £10.00
    Under 18 £6.40 £7.55
    Apprentice £6.40 £7.55
    1. Capita Business Services Ltd, City of London, EC2V, failed to pay £1,154,461.97 to 5,543 workers.
    2. Pizzaexpress (Restaurants) Limited, Croydon, CR0, failed to pay £760,701.61 to 8,470 workers.        
    3. Virtual Marketing Services (Gibraltar) Ltd, Birmingham, B3, failed to pay £478,282.71 to 41 workers.        
    4. L. Rowland & Company (Retail) Limited , Runcorn, WA7, failed to pay £307,342.87 to 2,293 workers.        
    5. Templar Corporation Limited, Lewisham, SE16, failed to pay £298,143.12 to 26 workers.        
    6. Lidl Great Britain Limited, Merton, SW19, failed to pay £286,437.18 to 3,423 workers.        
    7. British Airways PLC, Harmondsworth, UB7, failed to pay £231,276.10 to 2,165 workers.        
    8. Scottish Midland Co-operative Society Limited, Newbridge, EH28, failed to pay £186,883.56 to 1,795 workers.        
    9. Interserve (Facilities Management) Ltd, Lambeth, SE1, failed to pay £177,268.08 to 2,297 workers.        
    10. Prezzo Limited, Woodford Green, IG8, failed to pay £163,702.67 to 2,550 workers.        
    11. Halfords Ltd, Redditch, B98, failed to pay £140,829.79 to 4,341 workers.        
    12. The Southern Co-Operative Limited , Portsmouth, PO6, failed to pay £126,739.33 to 2,300 workers.        
    13. TUI UK Retail Limited, Luton, LU2, failed to pay £107,611.04 to 2,044 workers.        
    14. Heart Of England Co-Operative Society Limited, Coventry, CV6, failed to pay £90,870.95 to 1,017 workers.        
    15. CDS (Superstores International) Limited, Plymouth, PL6, failed to pay £89,158.47 to 1,648 workers.        
    16. Day Lewis PLC, Croydon, CR0, failed to pay £82,819.47 to 604 workers.        
    17. Petrogas Group UK Limited, Ampthill, MK45, failed to pay £63,026.69 to 602 workers.        
    18. Mr Guiseppe Caruso , London, W2, failed to pay £59,780.03 to 2 workers.        
    19. William Strike Limited, Carlisle, CA6, failed to pay £56,657.01 to 798 workers.        
    20. Property Management Services (NI) Limited, Belfast, BT3, failed to pay £54,852.44 to 414 workers.        
    21. Coghlan Lodges Limited, Uxbridge, UB8, failed to pay £52,062.45 to 45 workers.        
    22. Ant Marketing Limited, Sheffield, S2, failed to pay £46,260.65 to 340 workers.        
    23. Maclean Services (L) Limited, London, W2, failed to pay £43,583.26 to 781 workers.        
    24. ABM Aviation UK Limited, Hounslow, TW6, failed to pay £40,243.10 to 880 workers.        
    25. Malvern Tyres (Wholesale) Limited, Gloucester, GL1, failed to pay £39,012.15 to 158 workers.        
    26. Halfords Autocentres Limited, Redditch, B98, failed to pay £38,470.94 to 760 workers.        
    27. J M McGill Ltd, Doncaster, DN4, failed to pay £38,178.62 to 364 workers.        
    28. R.T. Stuart Limited, Methil, KY8, failed to pay £37,384.89 to 310 workers.        
    29. Deluxe Beds Ltd, Huddersfield, HD2, failed to pay £27,233.68 to 64 workers.        
    30. Freedom Hotels West Limited, Nr Fort William, PH49, failed to pay £26,814.06 to 37 workers.        
    31. Mytime Active, Orpington, BR6, failed to pay £26,414.51 to 414 workers.        
    32. Parkdean Resorts UK Limited, Newcastle Upon Tyne, NE12, failed to pay £26,360.91 to 291 workers.        
    33. Whitakers Chocolates Limited, Skipton, BD23, failed to pay £26,183.83 to 141 workers.        
    34. Suttons Tankers Limited, Widnes, WA8, failed to pay £25,631.33 to 35 workers.        
    35. Health Care Resourcing Group Limited, Prescot, L34, failed to pay £25,344.45 to 86 workers.        
    36. Veecare Ltd, Loughton, IG10, failed to pay £23,567.49 to 168 workers.        
    37. Meridian Marlow Ltd, Marlow, SL7, failed to pay £22,993.97 to 66 workers.        
    38. Managing Care Limited, Croydon, CR9, failed to pay £21,834.52 to 83 workers.        
    39. Mr Sri Krishna Ratnasinkam and Mrs Saraswathy Ratnasinkam , Ringmer, BN8, failed to pay £20,504.98 to 1 worker.        
    40. M Buckingham & Company Limited        
    , Maulden, MK45, failed to pay £20,361.01 to 3 workers.        
    41. Regency Hotel (Northern Ireland) Limited, Belfast, BT3, failed to pay £19,952.21 to 201 workers.        
    42. Baxters Food Group Limited, Fochabers, IV32, failed to pay £19,765.00 to 62 workers.        
    43. Thrive Childcare and Education Limited, Musselburgh, EH21, failed to pay £19,420.47 to 24 workers.        
    44. Hillgate Investments Limited, Rotherhithe , SE16, failed to pay £19,358.74 to 40 workers.        
    45. Hilton UK Hotels Limited, Watford, WD24, failed to pay £18,924.07 to 20 workers.        
    46. Oscar Mayer Limited, Chard, TA20, failed to pay £18,830.92 to 172 workers.        
    47. BA Cityflyer Limited, West Drayton, UB7, failed to pay £17,988.39 to 102 workers.        
    48. Crystal Property Cleaning Ltd, Twickenham, TW2, failed to pay £17,767.18 to 1 worker.        
    49. Key Care And Support Ltd, Manchester, M34, failed to pay £17,649.66 to 189 workers.        
    50. Sean Elliott, Ballymena, BT42, failed to pay £17,518.00 to 1 worker.        
    51. YTC Limited, Driffield, YO25, failed to pay £17,194.32 to 226 workers.        
    52. Virtual Marketing Services (Gibraltar) Ltd, Gibraltar, GX11, failed to pay £17,155.36 to 1 worker.        
    53. Wargrave Auto Centre Limited , Hounslow, TW5, failed to pay £17,114.70 to 37 workers.        
    54. Lawrence Davis Design Limited, Stoke On Trent, ST1, failed to pay £16,936.97 to 2 workers.        
    55. BJ Bright Day Nurseries Limited, Doncaster, DN5, failed to pay £16,759.85 to 19 workers.        
    56. Thorntons Limited, Alfreton, DE55, failed to pay £16,449.00 to 444 workers.        
    57. 24/7 Security and Events Ltd, Driffield, YO25, failed to pay £15,962.00 to 74 workers.        
    58. Winemark The Winemerchants Limited, Belfast, BT3, failed to pay £15,738.33 to 186 workers.        
    59. Anochrome Limited, Walsall, WS2, failed to pay £15,600.86 to 49 workers.        
    60. Allen Day Associates Limited, Bidwell, LU5, failed to pay £15,525.26 to 387 workers.        
    61. Equitas Solicitors Limited, Preston, PR2, failed to pay £15,412.15 to 72 workers.        
    62. Kingwood Limited, Wokingham, RG40, failed to pay £15,090.99 to 1 worker.        
    63. The Eastbury (Sherbourne) Limited, Sherborne, DT9, failed to pay £14,813.03 to 7 workers.        
    64. Elmoreton Limited, Belfast, BT7, failed to pay £14,782.81 to 391 workers.        
    65. Elliott Baxter & Company Limited , Farnborough, GU12, failed to pay £14,411.44 to 43 workers.        
    66. MA Bureau Limited, Croydon, CR0, failed to pay £13,226.91 to 6 workers.        
    67. Moto Hospitality Limited, Toddington, LU5, failed to pay £13,164.96 to 734 workers.        
    68. Slo Drinks Limited, Stockport, SK3, failed to pay £12,716.05 to 1 worker.        
    69. The Crown Hotel (Colne) Limited, Colne, BB8, failed to pay £12,642.18 to 2 workers.        
    70. EA Coaching Ltd, Birmingham, B34, failed to pay £12,378.25 to 18 workers.        
    71. Hydes’ Brewery Limited, Salford, M50, failed to pay £12,281.18 to 176 workers.        
    72. Elior UK PLC, Macclesfield, SK11, failed to pay £12,198.61 to 496 workers.        
    73. Savoy Tyres Limited, Kingston Upon Hull, HU8, failed to pay £11,921.60 to 6 workers.        
    74. PK Sales & Lettings Ltd, Greenwich, SE18, failed to pay £11,885.46 to 5 workers.        
    75. Quokka Solutions Ltd, Sunderland , SR5, failed to pay £11,605.84 to 15 workers.        
    76. Elix-Irr Consulting Services Limited, London, EC2V, failed to pay £11,101.13 to 21 workers.        
    77. Go To The Venue Limited, Oswestry, SY11, failed to pay £10,974.19 to 21 workers.        
    78. JWDW Limited, Doncaster, DN4, failed to pay £10,699.64 to 21 workers.        
    79. Mr Stuart Benson, Heywood, OL10, failed to pay £10,600.34 to 1 worker.        
    80. Philip Russell Limited, Belfast, BT6, failed to pay £10,507.58 to 111 workers.        
    81. Energy Kidz Ltd, Wokingham , RG41, failed to pay £10,479.36 to 199 workers.        
    82. ABC Pre-School Limited, Culcheth, WA3, failed to pay £10,393.39 to 16 workers.        
    83. YAM 110 Limited, Bradford, BD8, failed to pay £10,021.48 to 22 workers.        
    84. Lord Charles P Courtenay, Kenton, EX6, failed to pay £9,930.78 to 1 worker.        
    85. React Homecare Ltd, Mansfield, NG21, failed to pay £9,907.42 to 127 workers.        
    86. Lutonestateandlettings Ltd, Luton, LU3, failed to pay £9,887.66 to 4 workers.        
    87. Jill Birt, Bolton, BL5, failed to pay £9,819.79 to 3 workers.        
    88. The House That Jack Built (Day Nursery) Limited, Marlow, SL7, failed to pay £9,810.00 to 8 workers.        
    89. IWE Services Limited, Staxton, YO12, failed to pay £9,803.34 to 3 workers.        
    90. At Home – Specialists in Care Ltd, Pocklington, YO42, failed to pay £9,737.27 to 26 workers.        
    91. Mr Albert Cepa, Chesterfield, S40, failed to pay £9,677.33 to 4 workers.        
    92. Top Gas Heating & Plumbing Limited, Bristol, BS15, failed to pay £9,675.90 to 4 workers.        
    93. Brookfield Retail Ltd, Dewsbury, WF12, failed to pay £9,544.19 to 52 workers.        
    94. Clock House Farm Limited, Maidstone, ME17, failed to pay £9,384.53 to 69 workers.        
    95. Panic Deliveries Limited, Oldbury , B69, failed to pay £9,362.96 to 29 workers.        
    96. Steve Kane Painting & Decorating Limited, Doncaster, DN3, failed to pay £9,317.13 to 11 workers.        
    97. Wine Inns Limited, Belfast, BT3, failed to pay £9,295.35 to 103 workers.        
    98. SOS Homecare Ltd, Stretford, M32, failed to pay £9,186.36 to 293 workers.        
    99. Parkway Derby Limited, Derby, DE24, failed to pay £9,083.64 to 11 workers.        
    100. Lashes Nails and Brows Ltd, Thornton Heath, CR7, failed to pay £9,074.84 to 3 workers.        
    101. Mrs Carol Olsen , Bedlington, NE22, failed to pay £8,988.13 to 25 workers.        
    102. Teddy Bear Nursery Limited, Rochdale, OL16, failed to pay £8,982.22 to 32 workers.        
    103. R.H. Wilson (Chemists) Limited, Blackburn, BB1, failed to pay £8,925.53 to 11 workers.        
    104. Mr James Westcott, Newport, PO30, failed to pay £8,587.49 to 33 workers.        
    105. Mr Orhan Esen, Dumfries, DG1, failed to pay £8,513.17 to 5 workers.        
    106. Waterloo and Taunton Conservative Club, Ashton-Under-Lyne, OL7, failed to pay £8,468.51 to 3 workers.        
    107. Aramark Limited, Leeds, LS16, failed to pay £8,407.77 to 154 workers.        
    108. Mr Mario Wood, Stalybridge, SK15, failed to pay £8,040.26 to 3 workers.        
    109. Mr Paul S Clerehugh T/A , Henley-On-Thames, RG9, failed to pay £8,029.07 to 20 workers.        
    110. Waggon & Horses (Matley) Ltd, Stalybridge, SK15, failed to pay £8,016.08 to 57 workers.        
    111. Rice Solutions Limited, Southport, PR8, failed to pay £7,921.26 to 2 workers.        
    112. UK Hairdressers 2019 Limited, Birmingham, B16, failed to pay £7,870.93 to 13 workers.        
    113. LIBERTY MUSIC PR LTD, Brighton, BN1, failed to pay £7,663.84 to 3 workers.        
    114. Turkuaz Limited, Cheadle, SK8, failed to pay £7,655.93 to 3 workers.        
    115. Belgravia Mews Hotel Limited, South Kensington, SW5, failed to pay £7,646.84 to 14 workers.        
    116. Start Afresh Cleaning Limited, Ipswich, IP1, failed to pay £7,630.05 to 15 workers.        
    117. Mr Atul Patel & Mr Bhikhubhai Patel, Northampton, NN5, failed to pay £7,386.13 to 1 worker.        
    118. K J Curson Growers Limited, Wisbech, PE14, failed to pay £7,311.72 to 11 workers.        
    119. Artico Limited, Monmouth, NP25, failed to pay £7,306.40 to 1 worker.        
    120. Tristan HCW Ltd, Bedford, MK41, failed to pay £7,227.75 to 7 workers.        
    121. Mainstage Festivals Limited, Southwark, SE1, failed to pay £7,089.61 to 4 workers.        
    122. Talash Limited, CV32, failed to pay £7,053.17 to 53 workers.        
    123. J D Wetherspoon Plc, Watford , WD24, failed to pay £7,000.00 to 282 workers.        
    124. Aroma Expresso Bar Limited, London, NW4, failed to pay £6,967.02 to 2 workers.        
    125. Lymedale Motors Limited, Newcastle Under Lyme, ST5, failed to pay £6,859.90 to 3 workers.        
    126. Golders Green Hairdressing Limited, Finchley, NW11, failed to pay £6,846.53 to 10 workers.        
    127. Head Office Hair and Beauty (Scotland) Ltd., Glasgow, G61, failed to pay £6,803.01 to 2 workers.        
    128. The Stair Arms Hotel Ltd, Pathhead, EH37, failed to pay £6,787.54 to 1 worker.        
    129. Springfields Supported Services Limited, Barking, IG11, failed to pay £6,693.35 to 19 workers.        
    130. Network Tyre & Auto Limited, Dartford, DA1, failed to pay £6,529.19 to 7 workers.        
    131. Specialist Computer Centres Plc, Birmingham, B11, failed to pay £6,491.66 to 28 workers.        
    132. Treetops Childrens Nursery Ltd, Blackpool, FY2, failed to pay £6,450.52 to 45 workers.        
    133. McDonald & Munro Limited, Elgin, IV30, failed to pay £6,436.10 to 2 workers.        
    134. Suez Recycling and Recovery UK Ltd, Maidenhead, SL6, failed to pay £6,387.96 to 47 workers.        
    135. Woodhall Capital Limited, London, EC4N, failed to pay £6,294.25 to 1 worker.        
    136. Mr Steven Prested, Meadowfield, DH7, failed to pay £6,207.12 to 1 worker.        
    137. Best Social Enterprise Ltd, London, SE1, failed to pay £6,171.64 to 10 workers.        
    138. The Buck House Limited, Wrexham, LL13, failed to pay £6,101.67 to 1 worker.        
    139. Mahmoud Shaduman Ali , Derby , DE23, failed to pay £6,091.90 to 6 workers.        
    140. Get Your Mobi Limited, Lancaster, LA1, failed to pay £6,069.51 to 8 workers.        
    141. Robertson Facilities Management Limited, Elgin, IV30, failed to pay £5,864.37 to 51 workers.        
    142. Orion Group London Limited, Wandsworth, SW18, failed to pay £5,818.69 to 1 worker.        
    143. Dee Kay Knitwear Ltd, Leicester, LE4, failed to pay £5,801.65 to 38 workers.        
    144. Miss J J Smart, Southampton, SO31, failed to pay £5,778.65 to 1 worker.        
    145. Zhanna Horn, Torquay, TQ2, failed to pay £5,749.66 to 2 workers.        
    146. The Fernlea Hotel Limited, Lytham St Annes, FY8, failed to pay £5,698.56 to 4 workers.        
    147. Gogo and Fried Chicken Limited, Coventry, CV1, failed to pay £5,665.58 to 9 workers.        
    148. Chess People Limited, Alderley Edge, SK9, failed to pay £5,629.12 to 1 worker.        
    149. Building Blocks Day Nursery (NI) Ltd, Toome, BT41, failed to pay £5,576.45 to 45 workers.        
    150. Mr Christopher Owston, North Shields, NE29, failed to pay £5,571.27 to 1 worker.        
    151. LJ Care Homes Ltd, Lincoln, LN4, failed to pay £5,568.84 to 56 workers.        
    152. Crossgates Stop N Shop Ltd, Leeds, LS15, failed to pay £5,545.63 to 4 workers.        
    153. BLFL Services Ltd, Burnham on Crouch, CM0, failed to pay £5,496.06 to 3 workers.        
    154. Mr Nigel Ian Fisher, Romsey, SO51, failed to pay £5,442.49 to 1 worker.        
    155. Mr Mathew James Hicks, Whitchurch, RG28, failed to pay £5,439.43 to 3 workers.        
    156. Old Town Car Wash Ltd, Hastings, TN35, failed to pay £5,422.92 to 5 workers.        
    157. London Street Brasserie Limited, Reading, RG1, failed to pay £5,343.77 to 13 workers.        
    158. Coton Care Limited, Wolverhampton, WV4, failed to pay £5,342.58 to 47 workers.        
    159. Epilepsy Society, Chalfont St Peter, SL9, failed to pay £5,293.99 to 1 worker.        
    160. Premier Work Support Limited, Chatham, ME4, failed to pay £5,272.92 to 428 workers.        
    161. Power Leisure Bookmakers Limited, Hammersmith, W6, failed to pay £5,245.57 to 257 workers.        
    162. Star Lite Jobs Limited, Ilford, IG1, failed to pay £5,237.44 to 67 workers.        
    163. Vivienne Westwood Limited, Wandsworth, SW11, failed to pay £5,232.00 to 1 worker.        
    164. A.P.C. Panels Ltd, Barry, CF63, failed to pay £5,220.60 to 7 workers.        
    165. Ghani Systems Ltd, Glasgow, G42, failed to pay £5,209.68 to 15 workers.        
    166. Taylor Dental Laboratory Limited, Leicester, LE5, failed to pay £5,189.75 to 1 worker.        
    167. MEDS2U Limited, Barnsley, S73, failed to pay £5,057.78 to 8 workers.        
    168. Total Cleaning South Limited, Manston, CT12, failed to pay £5,054.94 to 218 workers.        
    169. Decorative Panels Furniture Limited , Elland, HX5, failed to pay £5,045.43 to 62 workers.        
    170. Supercar Italia Ltd, Westerham, TN16, failed to pay £4,997.94 to 1 worker.        
    171. Miss Gemma Tattersall, Horsham, RH13, failed to pay £4,886.88 to 3 workers.        
    172. Mr Muhammed Afzal Jabarkhail , Clydebank, G81, failed to pay £4,873.12 to 1 worker.        
    173. Mr Shamim Ahmed, Braunton, EX33, failed to pay £4,867.46 to 1 worker.        
    174. Canei International Limited, Nottingham, NG10, failed to pay £4,752.20 to 1 worker.        
    175. Kitty Café Leeds Limited, Leeds, LS1, failed to pay £4,745.99 to 10 workers.        
    176. DES Healthcare Limited, Lincoln, LN5, failed to pay £4,634.94 to 36 workers.        
    177. Lakeside Day Nursery Limited , Swansea, SA6, failed to pay £4,631.93 to 3 workers.        
    178. Zayani Limited, West Drayton, UB7, failed to pay £4,593.39 to 2 workers.        
    179. Eaton Electrical Systems Limited, Doncaster, DN2, failed to pay £4,576.09 to 24 workers.        
    180. Mr Fadhil Omar Ibrahim , Ripley, DE5, failed to pay £4,482.40 to 5 workers.        
    181. Central Garage (Chesham) Ltd, Hyde Heath, HP6, failed to pay £4,416.25 to 1 worker.        
    182. Imperial College of Science, Technology and Medicine, Exhibition Road, SW7, failed to pay £4,372.16 to 1 worker.        
    183. Penrhyn Inns Limited, Oldham, OL4, failed to pay £4,324.94 to 33 workers.        
    184. Everest Hotels Limited, Powys, NP8, failed to pay £4,274.77 to 4 workers.        
    185. Coastal Heating Ltd, Sheringham, NR26, failed to pay £4,267.76 to 1 worker.        
    186. UK Solutions Limited, Chelmsford, CM1, failed to pay £4,267.22 to 28 workers.        
    187. NEO Property Solutions Limited, Leeds, LS9, failed to pay £4,263.52 to 16 workers.        
    188. Mountford House Nursery Limited, Nottingham, NG5, failed to pay £4,195.32 to 1 worker.        
    189. Major Cleaning Services Limited, Potters Bar, EN6, failed to pay £4,194.74 to 25 workers.        
    190. Witham Valeting Ltd, Witham , CM8, failed to pay £4,166.48 to 8 workers.        
    191. Parsons Bakery Limited, Bristol, BS3, failed to pay £4,134.64 to 44 workers.        
    192. Mr Amir Rasool, Langholm, DG13, failed to pay £4,083.79 to 1 worker.        
    193. Grosvenor Concierge Limited  (previously GCS Facility Services Limited), Skegness, PE25, failed to pay £4,056.99 to 120 workers.        
    194. Industrial Cleaning Services (UK) Ltd, Camden, WC1N, failed to pay £4,048.91 to 41 workers.        
    195. Spring Cleaning Services Limited, Cheltenham, GL51, failed to pay £3,989.71 to 16 workers.        
    196. Sunlit Ltd, Lewisham, SE6, failed to pay £3,973.49 to 4 workers.        
    197. Blink Productions Limited, Holloway, N7, failed to pay £3,910.06 to 4 workers.        
    198. DSM Joinery Contractors Limited, Dunfermline, KY11, failed to pay £3,905.50 to 2 workers.        
    199. Fashion Fabric Transprinters Limited, Leicester, LE4, failed to pay £3,779.70 to 2 workers.        
    200. Mrs Imogen Katherine Wyvill, Mr Marmaduke D’Arcy William Wyvill and Mr Marmaduke Charles Astey Wyvill, Leyburn, DL8, failed to pay £3,724.37 to 16 workers.        
    201. Mrs Nalani Carr, Haverhill, CB9, failed to pay £3,702.83 to 1 worker.        
    202. Temple Farm Limited, Ramsgate, CT11, failed to pay £3,696.54 to 57 workers.        
    203. Walker Outboard Services Limited, Reading, RG4, failed to pay £3,647.76 to 1 worker.        
    204. Shah Foods Ltd, Newham, E16, failed to pay £3,638.69 to 2 workers.        
    205. City Office (NI) Ltd, Belfast, BT12, failed to pay £3,622.46 to 2 workers.        
    206. Ms Stacey Baker, Doune, FK16, failed to pay £3,582.87 to 1 worker.        
    207. Joarr Hot Food Emporium Limited, Southport, PR9, failed to pay £3,564.00 to 1 worker.        
    208. St John’s Road Garage Limited, Dartford, DA2, failed to pay £3,525.63 to 1 worker.        
    209. Alanya Catering Ltd, Nottingham, NG1, failed to pay £3,489.42 to 7 workers.        
    210. Care Direct Group Limited, Eastbourne, BN21, failed to pay £3,484.98 to 35 workers.        
    211. Baudelaire Limited, Alresford , SO24, failed to pay £3,454.06 to 1 worker.        
    212. House Of Glamour Limited, East Dulwich, SE22, failed to pay £3,433.06 to 1 worker.        
    213. Oshibori Scotland Ltd, Dundee, DD1, failed to pay £3,328.44 to 5 workers.        
    214. Yatab Company Ltd, Rainham, RM13, failed to pay £3,292.77 to 7 workers.        
    215. Cheeky Monkey Day Nurseries Limited, Birmingham, B15, failed to pay £3,272.93 to 22 workers.        
    216. S & W Developments Limited, Doncaster, DN5, failed to pay £3,253.46 to 1 worker.        
    217. The Lady Cleaner Ltd, Eastbourne, BN23, failed to pay £3,233.28 to 26 workers.        
    218. Mi Casa Care Ltd, Mansfield, NG19, failed to pay £3,221.07 to 23 workers.        
    219. SNC-LAVALIN RAIL & TRANSIT LIMITED, Epsom, KT18, failed to pay £3,212.78 to 11 workers.        
    220. Little Flowers Limited, Renfrew, PA4, failed to pay £3,162.05 to 1 worker.        
    221. Little Ducklings Day Nursery (Garstang) Limited, Preston, PR3, failed to pay £3,157.18 to 1 worker.        
    222. Fresh 75 Limited, Newport, PO30, failed to pay £3,132.90 to 1 worker.        
    223. Excel Parking Services Limited, Sheffield, S9, failed to pay £3,124.95 to 14 workers.        
    224. Mr Simon Foster and Mrs Jane Foster, Skipton, BD23, failed to pay £3,124.66 to 1 worker.        
    225. Mr Daniel Jenkinson , Preston, PR1, failed to pay £3,104.72 to 1 worker.        
    226. Spanners & Sparks (EK) Limited, Glasgow, G75, failed to pay £3,093.15 to 5 workers.        
    227. Central Electrical Contracts Limited, Wolverhampton, WV6, failed to pay £3,086.28 to 5 workers.        
    228. Branded Housewares Limited, Wolverhampton, WV2, failed to pay £3,066.72 to 4 workers.        
    229. Valerie Anne Sheen , Honiton, EX14, failed to pay £3,057.10 to 18 workers.        
    230. Rosebridge Private Day Nursery Limited, Wigan, WN1, failed to pay £3,056.94 to 19 workers.        
    231. Elite Motors Bodyshop Limited, Northampton, NN5, failed to pay £3,055.68 to 8 workers.        
    232. Roux Waterside Inn Limited, Bray, SL6, failed to pay £3,022.52 to 19 workers.        
    233. P.B Services (Wales) Limited, Mountain Ash, CF45, failed to pay £3,008.30 to 2 workers.        
    234. Lostock Hall Academy Trust, Preston, PR5, failed to pay £2,993.98 to 2 workers.        
    235. Taylor Shaw Limited, Macclesfield, SK11, failed to pay £2,958.43 to 2 workers.        
    236. Sage Hair Care (Salons) Limited, Cardiff, CF5, failed to pay £2,938.09 to 3 workers.        
    237. Mr Andrew Petrou, Walworth, SE17, failed to pay £2,907.33 to 1 worker.        
    238. Crystal Car Wash and Valeting Ltd, Loughborough, LE11, failed to pay £2,852.00 to 1 worker.        
    239. KEYSIGNS LIMITED, Bellshill, ML4, failed to pay £2,851.78 to 4 workers.        
    240. Centerplate UK Limited, Camden, WC1B, failed to pay £2,829.64 to 167 workers.        
    241. MN Support Services Limited, Queens Park, W10, failed to pay £2,829.17 to 294 workers.        
    242. Kirklees Active Leisure , Huddersfield, HD1, failed to pay £2,821.46 to 18 workers.        
    243. Marsden Healthcare Limited, Nelson, BB9, failed to pay £2,811.05 to 22 workers.        
    244. Mrs Michelle S Chandler, Birmingham, B44, failed to pay £2,806.72 to 2 workers.        
    245. Jamie Stevens (Kensington) Ltd, Kensington, W8, failed to pay £2,779.88 to 2 workers.        
    246. Filco Supermarkets Limited, Llantwit Major, CF61, failed to pay £2,772.41 to 118 workers.        
    247. AFH Ltd, Cardiff, CF24, failed to pay £2,771.99 to 4 workers.        
    248. Ms Philippa Funnell, Dorking, RH5, failed to pay £2,746.65 to 2 workers.        
    249. Kids at Heart (Harrogate) Limited, Knaresborough, HG5, failed to pay £2,746.08 to 3 workers.        
    250. Sparkle Cleaning Co. (London) Limited, Croydon, CR5, failed to pay £2,732.94 to 25 workers.        
    251. Lexington Catering Limited, Camden, EC4N, failed to pay £2,714.52 to 64 workers.        
    252. What A Hoot Day Nursery Limited, Blyth, NE24, failed to pay £2,712.53 to 4 workers.        
    253. Mr Andy B Fitzsimmons, Mr Ford B Fitzsimmons and Mrs Theresa G Fitzsimmons, Kilwinning, KA13, failed to pay £2,694.78 to 15 workers.        
    254. QSO Ltd, Leeds, LS4, failed to pay £2,675.41 to 10 workers.        
    255. Parkers Pets Limited, Southsea, PO5, failed to pay £2,665.49 to 2 workers.        
    256. Kazoku Restaurant Group Ltd, Sevenoaks, TN13, failed to pay £2,665.15 to 1 worker.        
    257. Madames Hair & Beauty Limited, Swindon, SN3, failed to pay £2,656.41 to 1 worker.        
    258. Acerta Group Limited , Warwick, CV34, failed to pay £2,629.00 to 13 workers.        
    259. London Auto Parts Limited, Wembley, HA0, failed to pay £2,622.17 to 2 workers.        
    260. Killan Structural Limited, Oldham, OL3, failed to pay £2,620.45 to 2 workers.        
    261. Sandersons (N.W.) Ltd, Blackpool, FY4, failed to pay £2,603.82 to 3 workers.        
    262. A & K Home Care Services Ltd, Napton, CV47, failed to pay £2,603.14 to 78 workers.        
    263. Chaplins Hotel Limited, Blackpool, FY1, failed to pay £2,586.56 to 2 workers.        
    264. Calmac Developments Limited, Dumfries, DG2, failed to pay £2,583.77 to 17 workers.        
    265. La Reserve Aparthotel (Manchester) Limited, Manchester, M1, failed to pay £2,567.66 to 13 workers.        
    266. Ultimate Stores Limited, London, NW1, failed to pay £2,560.34 to 4 workers.        
    267. Drayton Manor Resort Limited, Tamworth, B78, failed to pay £2,559.58 to 25 workers.        
    268. Community Foundation, Birmingham, B19, failed to pay £2,500.24 to 2 workers.        
    269. D and G Pub Company Limited, Darlington, DL3, failed to pay £2,498.17 to 35 workers.        
    270. Poplars Blossoms Nursery School Limited, Nottingham, NG5, failed to pay £2,494.39 to 1 worker.        
    271. Vonsung Limited, Islington, EC1Y, failed to pay £2,485.20 to 1 worker.        
    272. Cornish Premier Pasties Limited, Newquay, TR9, failed to pay £2,467.45 to 53 workers.        
    273. The Clansmans Rest Ltd, Glasgow, G40, failed to pay £2,417.22 to 3 workers.        
    274. Natural Care 53 Limited, Manchester, M12, failed to pay £2,412.03 to 1 worker.        
    275. TKE Landscaping Ltd, Wendens Ambo, CB11, failed to pay £2,403.16 to 3 workers.        
    276. Mockingbird Lane Ltd, Glasgow, G11, failed to pay £2,387.07 to 1 worker.        
    277. Mr Patrick G Neilan, Glasgow, G43, failed to pay £2,383.29 to 2 workers.        
    278. Brean Leisure Park Ltd, Berrow, Burnham-on-Sea, TA8, failed to pay £2,371.57 to 12 workers.        
    279. Davidsons Plumbing & Heating Limited , Bristol, BS5, failed to pay £2,349.54 to 4 workers.        
    280. Motor Body Centre Limited, Birmingham, B18, failed to pay £2,346.49 to 1 worker.        
    281. S & S Care (UK) Limited, Caergwrle, LL12, failed to pay £2,340.72 to 49 workers.        
    282. Kelton Nursery, Liverpool, L18, failed to pay £2,334.79 to 10 workers.        
    283. Asset India Limited, Harrow, HA1, failed to pay £2,334.54 to 2 workers.        
    284. Safegas UK Ltd, Swinton, M27, failed to pay £2,277.54 to 1 worker.        
    285. Mert GB 2 Limited, East Ham, E6, failed to pay £2,261.38 to 1 worker.        
    286. Hallwell Projects Ltd, Plymouth, PL1, failed to pay £2,211.32 to 3 workers.        
    287. Mr Andrew Roy Milward, Pembroke Dock, SA72, failed to pay £2,205.31 to 1 worker.        
    288. R & R Retail UK Limited, Luton, LU4, failed to pay £2,201.05 to 16 workers.        
    289. Salon IPS Ltd, Ipswich, IP4, failed to pay £2,189.12 to 1 worker.        
    290. Mr Narinder Kumar Nar, Birmingham, B18, failed to pay £2,173.86 to 2 workers.        
    291. Old Mill Holiday Park Limited, St Helens, PO33, failed to pay £2,172.06 to 1 worker.        
    292. Ms Caroline Wright, Birmingham, B43, failed to pay £2,170.63 to 1 worker.        
    293. Dolphin Care (IOW) Limited, Wroxall Ventnor, PO38, failed to pay £2,155.09 to 6 workers.        
    294. Whistledown Inn Limited, Newry, BT34, failed to pay £2,154.29 to 46 workers.        
    295. Renegade Hair Studio Limited, Leeds, LS2, failed to pay £2,148.74 to 1 worker.        
    296. Lethendy Cheltenham Limited, Cheltenham, GL53, failed to pay £2,144.90 to 44 workers.        
    297. Heminstone Estates Limited, Colchester, CO2, failed to pay £2,137.35 to 10 workers.        
    298. S Leicester Ltd, Leicester, LE5, failed to pay £2,127.17 to 38 workers.        
    299. GB Vape Limited, Heckmondwike, WF16, failed to pay £2,119.82 to 7 workers.        
    300. P McCarthy Limited, Brandon, IP27, failed to pay £2,108.75 to 9 workers.        
    301. K. Foley Limited, Great Blakenham, NR2, failed to pay £2,104.81 to 94 workers.        
    302. AGL Attractions Limited , Burnham-On-Sea, TA8, failed to pay £2,090.06 to 24 workers.        
    303. Techlogico Limited, Knottingley, WF11, failed to pay £2,056.43 to 6 workers.        
    304. Mr Iain Stewart Matheson, Paisley, PA1, failed to pay £2,036.50 to 6 workers.        
    305. GLASGOW WATERLOO LIMITED, Glasgow, G2, failed to pay £2,020.36 to 41 workers.        
    306. R J Ferguson Company Limited, Stewartstown, BT71, failed to pay £2,014.04 to 3 workers.        
    307. Ms Susan Meheux, Southampton, SO31, failed to pay £2,008.66 to 12 workers.        
    308. Mr David Odudu, Sheffield, S9, failed to pay £1,992.53 to 1 worker.        
    309. Mr Hazar Ibrahim Hamid, Doncaster, DN5, failed to pay £1,961.64 to 5 workers.        
    310. M&C Jones Building Contractors Limited, Rhyl, LL18, failed to pay £1,954.46 to 2 workers.        
    311. Hi-Spec Facilities Services Ltd, Dartford, DA2, failed to pay £1,938.75 to 96 workers.        
    312. Calibre Building & Decorating Services Limited, Lichfield, WS13, failed to pay £1,937.89 to 1 worker.        
    313. CPM Electrical Ltd, Omagh, BT79, failed to pay £1,937.71 to 4 workers.        
    314. Ashbrook Roofing & Supplies Limited, Nr Matlock, DE4, failed to pay £1,912.65 to 5 workers.        
    315. Mr Thomas Hutchison, Prestonpans, EH32, failed to pay £1,901.44 to 1 worker.        
    316. Mr Khalid Javid, Chester, CH2, failed to pay £1,891.42 to 1 worker.        
    317. South Golden Mountain Limited, Eastbourne, BN21, failed to pay £1,888.52 to 1 worker.        
    318. Oldbury Grange Nursing Home Ltd, Nuneaton, CV10, failed to pay £1,878.02 to 65 workers.        
    319. OC Electric Limited, Benton, NE12, failed to pay £1,869.32 to 1 worker.        
    320. Seagrave Decorations Limited, Kettering, NN16, failed to pay £1,847.76 to 4 workers.        
    321. Little Angels Fun Club and Nursery Limited, Bedlington, NE22, failed to pay £1,832.96 to 92 workers.        
    322. GAPJ Ivinghoe Ltd, Leighton Buzzard, LU7, failed to pay £1,828.25 to 5 workers.        
    323. Vapour C Co Ltd, Gillingham, ME7, failed to pay £1,822.57 to 2 workers.        
    324. Wide Range Services Limited, Hull, HU12, failed to pay £1,816.72 to 1 worker.        
    325. Hughes (Family Bakers) Holdings Limited, Bradford, BD18, failed to pay £1,811.57 to 26 workers.        
    326. A W Pettitt Limited, Windermere, LA23, failed to pay £1,810.90 to 5 workers.        
    327. Smartway Holding Limited, Holloway, N7, failed to pay £1,800.00 to 1 worker.        
    328. Beaux Health and Wellbeing Ltd, Taunton, TA1, failed to pay £1,791.96 to 1 worker.        
    329. Saggiomo Luxury Foods Limited, Croydon, CR0, failed to pay £1,787.60 to 1 worker.        
    330. John Clark (Holdings) Limited , Aberdeen, AB12, failed to pay £1,785.63 to 5 workers.        
    331. Swiftclean (UK) Limited, Southend-on-Sea, SS2, failed to pay £1,761.48 to 5 workers.        
    332. Reachout Healthcare Limited, Stockport, SK5, failed to pay £1,757.42 to 31 workers.        
    333. Mr Ian T Henderson, Accrington, BB5, failed to pay £1,740.90 to 2 workers.        
    334. Clarke Group Construction Limited, Wyberton, PE21, failed to pay £1,736.49 to 1 worker.        
    335. MRB Cleaning Limited, Swansea, SA1, failed to pay £1,733.88 to 1 worker.        
    336. Mr John Fulton Allen & Mr John Gary King,  Strabane, BT82, failed to pay £1,725.59 to 1 worker.        
    337. Belmont Hotel (Leicester) Limited, Leicester, LE1, failed to pay £1,710.28 to 36 workers.        
    338. Mini Me Private Day Nursery Limited, Newport, NP19, failed to pay £1,708.33 to 15 workers.        
    339. Glow Trade Ltd, Leicester, LE5, failed to pay £1,706.46 to 20 workers.        
    340. Mr Jason Hearn, Taunton, TA1, failed to pay £1,706.12 to 2 workers.        
    341. Country Park Leisure Limited, Hessle, HU13, failed to pay £1,705.13 to 13 workers.        
    342. C & C Precision Engineering Services Limited, Rowley Regis, B65, failed to pay £1,704.30 to 1 worker.        
    343. Karen Jeffrey , Wishaw, ML2, failed to pay £1,683.58 to 4 workers.        
    344. DNA Cleaning Solutions Limited, Twickenham, TW2, failed to pay £1,670.29 to 25 workers.        
    345. Assured Care (Stockport) Ltd., Stockport, SK1, failed to pay £1,666.57 to 79 workers.        
    346. Graylaw International Freight Group Ltd, Skelmersdale, WN8, failed to pay £1,663.46 to 7 workers.        
    347. SPI Trading Limited, Lisburn , BT28, failed to pay £1,656.74 to 3 workers.        
    348. Executive Hire Ltd., Glasgow, G74, failed to pay £1,650.54 to 3 workers.        
    349. Accelerate Cleaning Solutions Ltd, Ipswich, IP7, failed to pay £1,650.38 to 106 workers.        
    350. LGH Plumbing & Heating Services Limited, Leigh, WN7, failed to pay £1,624.77 to 1 worker.        
    351. Samuel Eales Silverware Limited, Sheffield, S3, failed to pay £1,619.79 to 1 worker.        
    352. High Grove Beds Limited, Liversedge, WF15, failed to pay £1,610.43 to 8 workers.        
    353. Shakes n Cakes Aberdeen Ltd, Aberdeen, AB24, failed to pay £1,597.98 to 1 worker.        
    354. Bespoke Cuisine Ltd, Bethnal Green, EC1V, failed to pay £1,587.04 to 1 worker.        
    355. Mascallkelly Limited, Cleveland, TS12, failed to pay £1,576.59 to 19 workers.        
    356. Sher Gill Enterprises Limited, Dunoon, PA23, failed to pay £1,557.58 to 1 worker.        
    357. Ms Hiromi Sato, London, SW4, failed to pay £1,551.71 to 2 workers.        
    358. R.Loughlin Electrical Services Ltd, Castlederg, BT81, failed to pay £1,542.58 to 3 workers.        
    359. Papermoon Nurseries (Boultham Park) Limited, Lincoln, LN6, failed to pay £1,535.25 to 11 workers.        
    360. SB Rom Food Center Ltd, Hounslow, TW3, failed to pay £1,533.80 to 9 workers.        
    361. Mr Robert Pontefract, Stamford, PE9, failed to pay £1,531.55 to 1 worker.        
    362. Grant Leisure Group Limited, Blackpool, FY3, failed to pay £1,495.62 to 15 workers.        
    363. Everbright Lodge Ltd, Llangollen, LL20, failed to pay £1,475.07 to 25 workers.        
    364. Biscuit Clothing Ltd, Edinburgh, EH10, failed to pay £1,469.89 to 1 worker.        
    365. Brockencote Hall Hotel Limited, Leamington Spa, CV33, failed to pay £1,468.25 to 19 workers.        
    366. Mr Francis Joseph McParland and Mr Peter Liam McParland , Armagh, BT61, failed to pay £1,466.04 to 4 workers.        
    367. Colemans Garden Centre Ltd, Templepatrick, BT39, failed to pay £1,450.11 to 35 workers.        
    368. Southcoast Homecare Ltd, Chichester, PO19, failed to pay £1,438.93 to 9 workers.        
    369. Booth & Stirland Limited, Ripley, DE5, failed to pay £1,434.97 to 3 workers.        
    370. Grieve Decor Limited, Berwick Upon Tweed, TD15, failed to pay £1,415.11 to 2 workers.        
    371. Barry Tyre Centre Limited, Barry, CF63, failed to pay £1,408.88 to 1 worker.        
    372. Piddle Brewery Limited, Dorchester, DT2, failed to pay £1,407.79 to 1 worker.        
    373. Forseti Law Ltd, Bolton, BL1, failed to pay £1,403.87 to 1 worker.        
    374. Wash Me Clean Ltd, Bracknell, RG12, failed to pay £1,400.27 to 1 worker.        
    375. Colonnade (Operator) Limited, Little Venice, W9, failed to pay £1,385.11 to 1 worker.        
    376. Mario Gianni Limited, Stockport, SK7, failed to pay £1,378.94 to 3 workers.        
    377. Moyo’s Brothers Limited, Brighton, BN1, failed to pay £1,373.14 to 2 workers.        
    378. Atticus Cleaning Services Limited, Altrincham, WA14, failed to pay £1,364.89 to 1 worker.        
    379. Mrs Jane Boome and Miss Verity Jane Boome, Peterborough, PE7, failed to pay £1,360.84 to 13 workers.        
    380. Get Grip Auto Ltd, Cheltenham, GL53, failed to pay £1,348.25 to 2 workers.        
    381. Downs Holdings Limited, Yarm, TS15, failed to pay £1,339.48 to 8 workers.        
    382. Direct Cleaning Services (Oxford) Limited, Weston-Super-Mare, BS22, failed to pay £1,323.74 to 1 worker.        
    383. Viv Designs Ltd, Gravesend, DA12, failed to pay £1,317.95 to 1 worker.        
    384. Sycamore Farm Park Limited, Skegness, PE24, failed to pay £1,311.54 to 2 workers.        
    385. SMK Building & Joinery Contractors Ltd, Todmorden, OL14, failed to pay £1,297.16 to 1 worker.        
    386. Richard Tate Limited, Leeds, LS10, failed to pay £1,294.02 to 1 worker.        
    387. JDP Hotels Ltd, Wakefield, WF2, failed to pay £1,289.98 to 34 workers.        
    388. Miss Abby Fox, Widnes, WA8, failed to pay £1,270.35 to 10 workers.        
    389. Polish Village Bakery Ltd, Manchester , M17, failed to pay £1,267.37 to 43 workers.        
    390. ENERGY DUNDEE 4 U LTD , Dundee, DD4, failed to pay £1,263.65 to 15 workers.        
    391. Synvestment Ltd, High Wycombe, HP12, failed to pay £1,262.39 to 2 workers.        
    392. Peony Culture Communication Limited, Newcastle Upon Tyne, NE1, failed to pay £1,247.02 to 1 worker.        
    393. Easy Clean Contractors Limited, Peterborough, PE7, failed to pay £1,246.92 to 125 workers.        
    394. R Binks Construction Limited, Bolton, BL2, failed to pay £1,244.33 to 3 workers.        
    395. Mrs Julie Shaw, Knaresborough, HG5, failed to pay £1,231.68 to 20 workers.        
    396. Mrs Karaimjit Gill, Barry, CF63, failed to pay £1,230.73 to 1 worker.        
    397. Mcaleer & McGarrity Ltd, Cookstown, BT80, failed to pay £1,207.77 to 2 workers.        
    398. M.P.M Consumer Products Limited, Manchester, M11, failed to pay £1,205.73 to 32 workers.        
    399. K.L.N. Limited , Brent, NW6, failed to pay £1,203.83 to 2 workers.        
    400. GMD SERVICES LIMITED, Kingston Upon Hull, HU3, failed to pay £1,193.24 to 2 workers.        
    401. C.V.East Ltd, Colchester , CO1, failed to pay £1,185.68 to 7 workers.        
    402. Mr Jonathan Hope and Mr Charlie Hope, Slough, SL3, failed to pay £1,183.12 to 3 workers.        
    403. Belshaw Bookkeeping Services Limited, Bacup, OL13, failed to pay £1,179.76 to 1 worker.        
    404. D Allen Transport Limited, St Helens, WA9, failed to pay £1,178.73 to 4 workers.        
    405. Mrs S & Mr G Clough, Bradford, BD12, failed to pay £1,162.79 to 1 worker.        
    406. Golden Cue Snooker Club Limited, Bilston, WV14, failed to pay £1,147.43 to 1 worker.        
    407. South Wales Building and Construction Limited, Newport, NP11, failed to pay £1,135.47 to 2 workers.        
    408. Form Communal Maintenance Limited, Hartford, CW8, failed to pay £1,131.97 to 1 worker.        
    409. SMS Bars Limited, Stockport, SK1, failed to pay £1,115.11 to 2 workers.        
    410. Grace Construction and Management Ltd, Derby, DE1, failed to pay £1,113.49 to 1 worker.        
    411. Alveston House Hotel Limited, Thornbury, BS35, failed to pay £1,109.12 to 1 worker.        
    412. Mrs Pearl Moore, Blackpool, FY4, failed to pay £1,094.75 to 3 workers.        
    413. Think Wraps Ltd, Poole, BH12, failed to pay £1,053.08 to 1 worker.        
    414. Telebizz Ltd, Plymouth, PL7, failed to pay £1,048.56 to 72 workers.        
    415. Hill Top Day Nursery Limited, Swadlincote, DE12, failed to pay £1,041.04 to 2 workers.        
    416. W. Corbett & Co. (Galvanizing) Limited, Telford, TF7, failed to pay £1,039.53 to 36 workers.        
    417. Autocare (Benfleet) Limited, Stanford-Le-Hope, SS17, failed to pay £1,032.23 to 2 workers.        
    418. Pork Farms Limited, Nottingham, NG2, failed to pay £1,029.77 to 9 workers.        
    419. Galdin Limited, Hackney, N1, failed to pay £1,024.50 to 5 workers.        
    420. Trinity Park Nursery Ltd, Craigavon, BT67, failed to pay £1,020.97 to 17 workers.        
    421. Mr Thanabalasingam Ketheeswarathas and Mrs Sivasuki Ketheeswarathas, Ipswich, IP2, failed to pay £1,006.83 to 2 workers.        
    422. G P H Carpentry Limited, Newquay, TR8, failed to pay £1,003.04 to 2 workers.        
    423. Euro Car Wash (South East) Limited, Greenwich, SE7, failed to pay £992.56 to 3 workers.        
    424. Mrs Melanie Elizabet Brown, Kirkcaldy, KY1, failed to pay £986.58 to 1 worker.        
    425. A O Hand Car Wash & Valeting Ltd, Peckham, SE15, failed to pay £982.62 to 3 workers.        
    426. Dash-Cae Limited, Oxford, OX14, failed to pay £976.19 to 1 worker.        
    427. Janette Allen Limited, Braintree, CM77, failed to pay £976.18 to 1 worker.        
    428. Ms Sarah Balfour, York, YO10, failed to pay £967.87 to 1 worker.        
    429. Allied Industrial Products Limited, Salford, M5, failed to pay £955.78 to 1 worker.        
    430. Cummins Ltd, Darlington, DL1, failed to pay £954.04 to 11 workers.        
    431. Ramsbottom Cricket Club, Bury, BL0, failed to pay £931.67 to 2 workers.        
    432. Soughton Shoot Limited, Northop, Mold,, CH7, failed to pay £927.24 to 1 worker.        
    433. Mrs Penni Durdy, Doncaster, DN9, failed to pay £924.04 to 1 worker.        
    434. Friends Care Agency Limited, Sandy, SG19, failed to pay £923.84 to 20 workers.        
    435. French Connection UK Limited, Camden, NW1, failed to pay £917.95 to 57 workers.        
    436. Precision Workwear Limited, Stamford, PE9, failed to pay £916.35 to 1 worker.        
    437. Joinex Joinery Express Limited, Brentford, TW8, failed to pay £882.61 to 12 workers.        
    438. Yorkcloud Limited, Ulverston, LA12, failed to pay £872.20 to 2 workers.        
    439. KR Scotland Ltd, Edinburgh, EH3, failed to pay £849.21 to 3 workers.        
    440. The KLE (Berwick) Group Ltd, Berwick Upon Tweed, TD15, failed to pay £838.48 to 2 workers.        
    441. Zig Zag Day Nursery Limited, Peterborough, PE1, failed to pay £827.98 to 21 workers.        
    442. Birdies Day Nursery Limited, Lisburn, BT28, failed to pay £821.32 to 8 workers.        
    443. Sooty Olive Ltd, Waterside, BT47, failed to pay £819.24 to 33 workers.        
    444. Bright Bees Nursery Ltd, Leicester, LE4, failed to pay £817.06 to 1 worker.        
    445. What The Fish Limited, Richmond upon Thames, SW14, failed to pay £801.08 to 1 worker.        
    446. SFC (Edmonton) Limited, Enfield, N9, failed to pay £798.22 to 2 workers.        
    447. Fairytales Day Nursery Limited, Dudley, DY2, failed to pay £793.38 to 7 workers.        
    448. R.G.R. Garages (Cranfield) Limited, Bedford, MK43, failed to pay £791.65 to 1 worker.        
    449. Mad Goose Catering Limited, Ellington, PE28, failed to pay £788.54 to 3 workers.        
    450. Mr Grzegorz Biezunski, Trowbridge, BA14, failed to pay £787.80 to 1 worker.        
    451. Futurerate Limited, Loughborough, LE12, failed to pay £787.20 to 1 worker.        
    452. Kids Korner Day Nurseries Ltd, Belfast, BT6, failed to pay £779.81 to 23 workers.        
    453. Inter County Cleaning Services Limited, Rushden, NN10, failed to pay £754.38 to 106 workers.        
    454. Spring Clean Commercial Ltd, Norwich, NR16, failed to pay £753.17 to 107 workers.        
    455. Clean Living Services Limited, Lambeth, SW8, failed to pay £749.48 to 16 workers.        
    456. Le Petit Francais Ltd, Edinburgh, EH6, failed to pay £744.52 to 10 workers.        
    457. Playworks Childcare Limited, Caerphilly, CF83, failed to pay £743.64 to 5 workers.        
    458. Wickhambrook Stores Limited, Newmarket, CB8, failed to pay £729.88 to 1 worker.        
    459. Rothco Independent Mortgages Ltd, Alnwick, NE66, failed to pay £729.83 to 1 worker.        
    460. James David Segal, Hull, HU1, failed to pay £729.22 to 6 workers.        
    461. Daniel Thwaites Public Limited Company, Blackburn, BB2, failed to pay £724.73 to 23 workers.        
    462. HRUK Group of Companies Ltd, Leeds, LS8, failed to pay £719.11 to 1 worker.        
    463. Historic Hotels & Properties Ltd, Scarborough, YO11, failed to pay £707.11 to 5 workers.        
    464. Penge Car Care ltd, Croydon, SE25, failed to pay £682.48 to 2 workers.        
    465. Craig Gordon Building Services Ltd, Edinburgh, EH11, failed to pay £680.17 to 1 worker.        
    466. Mountview Hotels Ltd, Callander, FK17, failed to pay £672.60 to 1 worker.        
    467. Paragon Quality Foods Ltd, Doncaster, DN3, failed to pay £670.56 to 21 workers.        
    468. Core Electrical Solutions Ltd, Beckenham, BR3, failed to pay £658.78 to 2 workers.        
    469. Snacks Van Ltd, Watford, WD25, failed to pay £658.20 to 1 worker.        
    470. MacDonald Hotels (Management) Limited, Bathgate, EH48, failed to pay £648.78 to 1 worker.        
    471. Kelly Teggin Hairdressing Ltd, Knaresborough, HG5, failed to pay £647.19 to 1 worker.        
    472. Safe Gas (N.I.) Limited, Newtonabbey, BT36, failed to pay £639.10 to 1 worker.        
    473. Harrison Wade Ltd, Manchester, M1, failed to pay £636.04 to 2 workers.        
    474. Spectrum Energy Guard Ltd, Bournemouth, BH1, failed to pay £621.72 to 1 worker.        
    475. Gastronomy Foods UK Limited, Shrewsbury, SY1, failed to pay £618.76 to 51 workers.        
    476. Jobseekrs Limited, Manchester, M15, failed to pay £613.88 to 1 worker.        
    477. Stepping-Stones-Services Limited, Rochdale, OL11, failed to pay £611.13 to 19 workers.        
    478. Tramp Hair Boutique Limited, Stockport, SK1, failed to pay £610.40 to 1 worker.        
    479. Emporio Fashion Ltd, Leicester, LE5, failed to pay £608.85 to 18 workers.        
    480. Halton Concrete Ltd, Widnes, WA8, failed to pay £607.43 to 2 workers.        
    481. Kanto Stranmillis Limited, Belfast, BT9, failed to pay £590.15 to 1 worker.        
    482. Complete Payroll and Accountancy Limited, Altrincham, M33, failed to pay £584.24 to 1 worker.        
    483. Flawless Cleaning Ltd, Smethwick, B66, failed to pay £582.02 to 1 worker.        
    484. Al Halal Supermarket Limited , Bradford, BD7, failed to pay £581.64 to 7 workers.        
    485. Max & Molly Limited, Wigan, WN3, failed to pay £579.96 to 1 worker.        
    486. Happy Children Day Nursery Limited, Ballynahinch, BT24, failed to pay £573.74 to 12 workers.        
    487. Jagard Valeting & Cleaning Services Ltd, Wellingborough, NN8, failed to pay £573.47 to 2 workers.        
    488. 247 Convenience Store (Bury) Ltd, Bury, BL8, failed to pay £571.63 to 1 worker.        
    489. The Race Horses Hotel Limited, Skipton, BD23, failed to pay £566.05 to 2 workers.        
    490. Strategic Facilities Management Ltd, Leeds, LS17, failed to pay £561.18 to 3 workers.        
    491. Mr C Saudin & Mrs P Saudin, Canterbury, CT1, failed to pay £560.48 to 2 workers.        
    492. Golden Car Limited , Perivale, UB6, failed to pay £551.80 to 1 worker.        
    493. Your Friendly Local Limited, Rotherham, S60, failed to pay £549.95 to 6 workers.        
    494. Steven Boom, East Hunsbury, NN4, failed to pay £547.20 to 2 workers.        
    495. M A Fashions Ltd, Leicester, LE5, failed to pay £545.60 to 17 workers.        
    496. Comserv Contracting & Commercial Limited, Stoke-on-Trent, ST3, failed to pay £544.19 to 1 worker.        
    497. Bonner Studs Limited, Walsall, WS2, failed to pay £537.45 to 1 worker.        
    498. M & C Retail Limited, Darlington, DL1, failed to pay £537.36 to 4 workers.        
    499. Legacy Resorts Limited, Newton Stewart, DG8, failed to pay £536.69 to 1 worker.        
    500. E.K.S Living Clean Ltd, Norwich, NR6, failed to pay £533.58 to 5 workers.        
    501. SC HCW Ltd, Belfast, BT5, failed to pay £533.54 to 7 workers.        
    502. David Alexander Forbes, Inverurie, AB51, failed to pay £531.64 to 2 workers.        
    503. Arunagiri UK LTD, Rickmansworth, WD3, failed to pay £530.92 to 2 workers.        
    504. Millfield Haulage Limited, York, YO26, failed to pay £530.91 to 2 workers.        
    505. Ardmore (Co. Derry) Pre-Cast Concrete Limited, Ardmore, BT47, failed to pay £525.69 to 1 worker.        
    506. W1 Soho Ltd., Soho, W1D, failed to pay £523.20 to 1 worker.        
    507. Shree Siddhi Limited, Glasgow, G66, failed to pay £515.76 to 7 workers.        
    508. 41 Cars Hull Ltd, Hull, HU9, failed to pay £515.72 to 2 workers.        
    509. Felix Inns Ltd, Solihull, B92, failed to pay £514.09 to 20 workers.        
    510. Eastchurch Holiday Centre Limited, Eastchurch, ME12, failed to pay £511.70 to 1 worker.        
    511. Surf N Turf Limited, Leicester, LE2, failed to pay £511.63 to 2 workers.        
    512. Red House Garage Limited, St Helens, WA11, failed to pay £511.43 to 1 worker.        
    513. Classic Decorators (UK) Limited, Barry, CF63, failed to pay £511.43 to 1 worker.        
    514. John Codona’s Pleasure Fairs Limited, Aberdeen, AB24, failed to pay £505.82 to 3 workers.        
    515. Timberquay Limited, Derry, BT48, failed to pay £503.98 to 14 workers.        
    516. Ace Support FM Ltd, Barnet, N14, failed to pay £501.60 to 1 worker.        
    517. Sleepwell (Cumbria) Limited, Barrow In Furness, LA14, failed to pay £500.95 to 1 worker.        
    518. Blank Brixton Ltd, Brixton, SW2, failed to pay £287.31 to 1 worker.        

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: RELEASE: During National Police Week, Harder Introduces Bipartisan Bill to Retain Officers and Expand Benefits

    Source: United States House of Representatives – Congressman Josh Harder (CA-10)

    WASHINGTON – Today, during National Police Week, Rep. Josh Harder (CA-09) and David Valadao(CA-21) introduced bipartisan legislation to tackle high early retirement rates in law enforcement by increasing benefits for officers. The Providing Child Care for Police Officers Act expands child care benefits and invests in new child care facilities to hire and retain more working parents in law enforcement.

    Child care shortages hit law enforcement hard:

    “This is a no-brainer – keeping our families safe starts by recruiting and retaining top-tier police officers,” said Rep. Harder. “Making sure our officers have access to quality, affordable child care means we increase the pool of talented, diverse recruits and keeps officers on the streets protecting our communities.”

    How this legislation hires and retains more working parents in law enforcement:

    • Expands child care benefits to new and existing officers through a $24 million pilot program to supply grants to law enforcement agencies.
    • Builds new child care facilities by authorizing local agencies to construct or operate new centers for police departments’ exclusive use.
    • Prioritizes small agencies by setting aside 20% of the total grant funding for police departments employing fewer than 200 officers. 

    “Our Central Valley police departments continue to face staffing shortages, and we need real solutions to support the people who put their lives on the line to keep us safe,” said Rep. Valadao. “By making child care more accessible for officers working long, irregular hours, this bipartisan bill reduces a major barrier for working parents in law enforcement and helps improve public safety in our communities.”

    “Access to quality, reliable childcare is essential to recruitment and retention of the best, most representative police force we can have,” said Rep. Peters. “Our officers go out every day and ensure our children are safe — the least we can do is make sure there is someone to watch their kids when they are on duty. San Diego is leading the way to expand childcare opportunities for police officers, and I am working to support those efforts at the federal level.” 

    ###

    MIL OSI USA News

  • MIL-OSI Video: “Trillions of dollars added to the economy” – Google’s chief economist on the macro impact of AI

    Source: World Economic Forum (video statements)

    The World Economic Forum’s latest Chief Economists Outlook highlights the risks posed by global trade tensions, and examines the potential impact AI will have on economic growth.
    Google’s chief economist, Fabien Curto Millet, gives his take on the Outlook and the impact of GenAI, which he calls “the most exciting thing technologically I’ve seen in my lifetime”.

    Links:
    Chief Economists Outlook May 2025: https://wef.ch/chiefeconmay25

    Related podcasts:
    The global economy ‘at a crossroads’ ahead of Davos: Chief Economists Outlook: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-ralph-ossa-wto/
    Slow growth and the cost of debt: the World Bank’s Chief Economist on the global outlook: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-world-bank-indermit-gill/
    The global economy is slowing – here’s why that may not be such a bad thing: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-september-2023-jerome-haegeli-swiss-re/

    Check out all our podcasts on wef.ch/podcasts:
    YouTube: – https://www.youtube.com/@wef/podcasts
    Radio Davos – subscribe: https://pod.link/1504682164
    Meet the Leader – subscribe: https://pod.link/1534915560
    Agenda Dialogues – subscribe: https://pod.link/1574956552
    Join the World Economic Forum Podcast Club: https://www.facebook.com/groups/wefpodcastclub

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

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

    #WorldEconomicForum

    https://www.youtube.com/watch?v=WLW5_yJxO-w

    MIL OSI Video

  • MIL-OSI China: Announcement on Open Market Operations No.101 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.101 [2025]

    (Open Market Operations Office, May 29, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB266 billion through quantity bidding at a fixed interest rate on May 29, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.40%

    RMB266 billion

    RMB266 billion

    Date of last update Nov. 29 2018

    2025年05月29日

    MIL OSI China News

  • MIL-OSI China: Xi’s speech at China-CELAC Forum ministerial meeting published 2025-05-29 16:02:47 Chinese President Xi Jinping’s speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum has been published as a booklet.

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

      BEIJING, May 29 (Xinhua) — Chinese President Xi Jinping’s speech at the opening ceremony of the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum has been published as a booklet.

      The speech was titled “Writing a New Chapter in Building a China-LAC Community with a Shared Future.”

      The booklet, published by the People’s Publishing House, is available at Xinhua Bookstore outlets across the country. 

    loading…

    MIL OSI China News

  • MIL-OSI China: NHC minister visits France

    Source: People’s Republic of China Ministry of Health

    At the invitation of the French Ministry of Labour, Health, Solidarity and Families, Lei Haichao, minister of China’s National Health Commission, led a delegation to France from May 21 to 23.

    Lei met with Catherine Vautrin, French minister of Labour, Health, Solidarity and Families, in Paris to discuss multilateral and bilateral health cooperation and global health issues.

    He said that China and France have maintained close health collaboration and active governmental and non-governmental exchanges at all levels, with fruitful results achieved in hospital management, emergency medicine, talent cultivation as well as infectious disease prevention and control.

    Facing the significant challenges in global health governance today, China and France should continue to work together to support the leading and coordinating role of the World Health Organization (WHO) in global health governance and to promote the building of a global community of health for all, he added.

    Vautrin said that the health cooperation between the two countries has a solid foundation and expressed confidence in its future development. She emphasized that the international community should strengthen unity to effectively address global health challenges and France is willing to enhance multilateral and bilateral cooperation with China and improve coordination on multilateral platforms such as the WHO, so as to jointly contribute to global health development.

    During their stay in France, the delegation also visited headquarters of Foundation Merieux, the Hospices Civils de Lyon (Lyon Public Hospital Group) and bioMérieux.

    MIL OSI China News

  • Red alert in Nilgiris, Coimbatore Ghat areas as heavy rains trigger landslides

    Source: Government of India

    Source: Government of India (4)

    A red alert has been issued for the ghat regions of Nilgiris and Coimbatore districts for May 29 and 30, with the Regional Meteorological Centre (RMC) forecasting heavy to extremely heavy rainfall. The alert follows continuous downpours that have already triggered landslides and roadblocks in the Nilgiris, disrupting normal life and raising serious safety concerns.

    The weather system responsible for the intense rainfall is a well-marked low-pressure area that has formed over the northwest Bay of Bengal, off the Odisha coast. The system, which persisted over the same region on Wednesday, is expected to intensify into a depression within the next 24 hours. An associated cyclonic circulation, extending up to 7.6 km above mean sea level and tilting southward with height, is contributing to the widespread rainfall across Tamil Nadu.

    Other districts including Theni, Tenkasi, Tirunelveli, and Kanyakumari are also expected to receive heavy to very heavy rain at isolated locations during this period, while Dindigul and Tiruppur may see heavy showers in certain pockets.

    In the Nilgiris, continuous rainfall has led to landslides in several areas and forced the closure of key roads. Traffic was halted on the Ooty-Gudalur National Highway due to gradual soil movement near Naduvattam. District Collector Lakshmi Bhavya Tanneeru has warned that two large boulders, currently balanced on loose soil and supported only by trees, could collapse onto the road at any moment. As a precaution, the road has been closed to all vehicles except emergency services, with government buses allowed to operate only during daylight hours.

    Meanwhile, the National Highways and Forest Departments are jointly working on a mitigation plan to prevent further disruption. Several residential areas, including Nondimedu and Manjanakorai under the Ooty Municipality, reported landslides on Wednesday. In Manjanakorai, a mud house collapsed due to the rain, and six trees were uprooted across Ooty and nearby locations.

    A tree fell on an electric pole along Havelock Road, while another came down near the Nilgiris Superintendent of Police’s office, leading to power outages in parts of the hill town. Restoration work is underway, with Tamil Nadu Electricity Board staff and Fire and Rescue Services teams deployed round-the-clock to clear debris and restore services.

    In Sholurmattam near Kilkotagiri, strong winds blew away the zinc-sheet roof of a government school. No injuries were reported as the school was closed for holidays. Teams from the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) have been inspecting vulnerable areas and offering guidance on preventive measures.

    The Forest Department has closed all tourist spots under its jurisdiction for Thursday, except for the Kodanad viewpoint. With incessant rain continuing to lash the hills, temperatures have dropped sharply, with Ooty recording a maximum of just 15 degrees Celsius on Wednesday.

    -IANS

  • Norway Chess 2025: D Gukesh ends winless streak by defeating Hikaru Nakamura

    Source: Government of India

    Source: Government of India (4)

    On his 19th birthday, reigning World Chess Champion D Gukesh secured a crucial victory in Norway Chess 2025 Round 3 by defeating World No. 2 Hikaru Nakamura of the United States, earning three vital points and ending his tournament winless run.

    Reflecting on the win, Gukesh said, “I feel quite good! I think my time management was much better today than before. He had some drawing chances, but overall it was a good game,” in a video shared by Norway Chess.

    Asked about the possibility of Armageddon tie-breaks, Gukesh added, “Yeah, at some point it will come for sure. But right now, I’m just happy with this.”

    Earlier in the tournament, Arjun Erigaisi defeated Gukesh in Round 2, extending his perfect classical record against the champion to 6-0. Gukesh had also lost to World No.1 Magnus Carlsen on the opening day.

    Prior to this win, Gukesh had not scored any points and was placed at the bottom of the six-player leaderboard. The victory against Nakamura is seen as a key momentum shift for the young champion as he aims to climb back in the standings.

    (ANI)

  • MIL-OSI Banking: Speech: Samantha McCulloch closing address to the 2025 Conference & Exhibition – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Speech: Samantha McCulloch closing address to the 2025 Conference & Exhibition – Australian Energy Producers

    During my opening remarks I noted that despite some sobering messages from our Wood Mackenzie study on Australia’s investment competitiveness, there is cause for optimism.  

    This week has demonstrated why. 

    We’ve had the welcome announcement from the Queensland Government that it’s releasing nine new areas for future gas exploration to boost future supply. 

    The Minister said: Queensland is open for business.  

    Yesterday, Minister Murray Watt announced the conditional approval of Woodside Energy’s North West Shelf extension – a critical project for Western Australia’s long-term energy security and economic growth.  

    I commend the Minister for backing this vital project, and being guided by science and evidence.   

    On the opening morning of the conference, we heard from Resources Minister Madeleine King who recommitted to implementing the Government’s Future Gas Strategy, including the much-needed reforms to clarify consultation requirements for offshore projects.  

    And, importantly, the Minister acknowledged the enormous economic benefits that Australia’s LNG investment and trade continues to deliver for our nation, observing that ”Every Australian receives a dividend from our energy exports.” 

    And I acknowledge Senator McDonald and the Coalition’s commitments during the election campaign to also back the North West Shelf extension and the coalitions continued support for our industry.  

    As the Prime Minister said earlier in the week, the energy transition cannot happen without security of energy supply, “because you will lose community support if people flick on the switch and the lights don’t go on.” 

    Or as Minister King put it, “You can’t get a transition through warm thoughts”.  

    The fact is that Australia needs the reliable and affordable energy that natural gas delivers.  

    And that will require continued investment in gas exploration and development. 

    I remarked at the start of the conference that Queensland’s gas industry is testament to what can be achieved when government and industry work together.  

    And the Queensland Government continues to build on that legacy.  

    It was encouraging to hear Queensland Treasurer David Janetzki tell our conference that at the heart of his government’s aspiration on energy generation is a simple principle – more 

    “We need more supply to meet future demand and put downward pressure on power prices.” 

    And we also heard this morning from Northern Territory Chief Minister Lia Finocchiaro about her government’s commitment to speed up approvals to unlock more gas supply in the Territory.  

    The Western Australian and South Australian Governments are also backing the role of gas in their economic and energy security.  

    We just need this sentiment to spread to Victoria and NSW.  

    I think Kevin Gallagher would agree.  

    We chose this year’s conference theme: The Energy Edge, to highlight the opportunity for Australia to harness its competitive strengths amid the global energy transformation.  

    Our abundant gas reserves, our innovation, and our proximity to fast growing markets mean we are ideally placed to remain an energy powerhouse.  

    To quote former Australian Ambassador to the United States Joe Hockey’s advice to our industry on what our message to government should be: 

    “Give us certainty and stability, and we can do the job. We can give Australians cheaper energy. We can give people in the world greater opportunity… [and] We can make Australia richer.” 

    I could not agree more.  

    And, judging by the extraordinary work that our industry is leading and that has been showcased here this week – in the plenary sessions, the technical presentations, the conversations on the exhibition floor – I am confident that our industry is well placed to harness our energy edge.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Robotics demo points to interstellar future

    Source: United Kingdom – Government Statements

    Press release

    Robotics demo points to interstellar future

    UKAEA and Space Solar have collaborated on a robotics demonstration unit to pave the way for space-based data centres, solar farms and other megastructures.

    AlbaTRUSS Single Transporter at UKAEA’s Culham Campus – Image Credit: Space Solar

    A collaboration between the United Kingdom Atomic Energy Authority (UKAEA), the UK’s national organisation responsible for the research and delivery of sustainable fusion energy, and space-tech innovator, Space Solar, has shown that robotic technology could build infrastructure in space without human intervention.

    The AlbaTRUSS project, conducted at UKAEA’s advanced test facilities on Culham Campus, Oxfordshire, used remotely operated dual-arm robotic manipulators to show that robots could assemble gigawatt-scale solar power satellites.

    The successful demonstration opens the door to building vast infrastructure projects in orbit, such as data centres and energy farms.

    Dr Sam Adlen, Co-CEO of Space Solar, said:

    The AlbaTRUSS project is a milestone not just for our satellite architecture, but for the future of large-scale structures in space, from data centres to energy infrastructure.

    Space Solar aims to harness abundant solar energy in space to provide power to energy-hungry consumers on Earth. Its space-based solar technology requires satellites comprised of hundreds of thousands of modular units to be put together in orbit.

    “Up in space, the sun shines 24-7. Once constructed, these satellites capture solar power and beam it back down to Earth in the form of microwaves, which can be received by antennas on the ground and converted into electricity for the grid,” explained Dr Adlen.

    The structures are designed to be several kilometres long and around 20 meters wide.

    AlbaTRUSS, a proof-of-concept project, showed that robots could assemble a scaled structural truss bay, or tubing called longeron, which forms a core element of the satellite’s framework.  

    Unlike the International Space Station – the largest structure built in space to date – most satellites are single structures or feature only small additional elements that must be deployed in space.

    Using robots to remotely assemble, maintain and decommission infrastructure is more efficient and reduces the risks faced by astronauts.

    Space Solar used UKAEA’s centre for Remote Applications in Challenging Environments (RACE) because fusion and space robotics have a number of things in common – they don’t require oxygenated environments and can function in varying degrees of radiation.

    Professor Rob Buckingham, Executive Director of UKAEA, said:

    Building a machine as complicated as a fusion power plant on Earth, which will be entirely remotely operated, is similar to building structures in space. It could be a lunar station or a facility on Mars, so we’re talking about the future of humanity as well as ensuring energy security.

    Working closely with people in adjacent fields is vital for UKAEA. By enabling new perspectives, it inspires our staff to think of different ways to solve challenges. It is hugely valuable to both parties.

    Space-based solar power and fusion energy each have the potential to deliver constant, low-carbon baseload energy around the world. This partnership demonstrates that the UK is leading on multiple fronts to develop new sustainable energy sources.

    The UKAEA-Space Solar partnership intends to strengthen the UK’s leadership in the fast-growing In-Space Assembly and Manufacturing (ISAM) sector.  

    “This achievement opens up new horizons for the space sector, an adjacent economic sphere that can ensure a bright future here on Earth,” concluded Dr Adlen.  

    The AlbaTRUSS project was supported by the Science and Technology Facilities Council’s Proof of Concept grant.

    Space Solar plans to commission its first 30MW demonstrator system by 2029 and reach full gigawatt-scale capacity by the early 2030s.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Statement: UK and EU welcome Viet Nam JETP progress

    Source: United Kingdom – Government Statements

    Press release

    Statement: UK and EU welcome Viet Nam JETP progress

    The UK and EU welcome progress on Viet Nam’s Just Energy Transition Partnership as President Macron of France visits the country

    On behalf of the International Partners Group (IPG), the European Union and the United Kingdom – IPG co-leads for the Viet Nam Just Energy Transition Partnership (JETP) – warmly welcome French President Emmanuel Macron’s visit to Viet Nam, reaffirming support for Viet Nam’s goal to deliver a clean energy transition that is inclusive and rooted in sustainable growth on the pathway to ‘net zero’ emissions by 2050.  

    On 26th May, President Macron and President Lương Cường announced progress on two important JETP-supported investment projects:

    • A Credit Financing Agreement between Electricity of Vietnam National Power Transmission Corporation (EVN NPT) and Agence Française de Développement (AFD) of €67 million to build a 500kV transmission line and substations across the Binh Duong and Dong Nai provinces. This project will increase the national transmission network’s capacity to integrate renewable energy and deliver reliable electricity in key economic regions in southern Viet Nam.

    • A Memorandum of Understanding (MoU) between EVN and AFD as coordinator of six IPG Development Finance Institutions (AFD, EIB, JICA, KfW, CDP, and Proparco) and the EU, acknowledging €490 million for the construction of the first 1200 MW Pumped Storage Hydropower project in Vietnam located in Bac Ai, Ninh Thuan province. This large-scale energy storage project will improve grid resilience and enable further integration of variable renewable energy sources into Vietnam’s energy mix. This pilot project also contributes to the development of regulatory, financial, and investment approaches, paving the way for related future partnerships.

    France’s and IPG’s €547 million financial contribution to these two flagship energy transition projects marks an important step towards delivering the public finance commitments under the JETP.

    The EU and UK remain fully committed to the JETP as co-leads, working with Viet Nam as it continues to raise ambitions for tackling emissions, limiting coal and increasing the share of renewables as set out in the recently revised of National Power Development Plan (PDP8).

    In addition to mobilising project-specific finance, the IPG will continue to engage closely with the Government of Viet Nam, the Glasgow Financial Alliance for Net Zero (GFANZ), and wider JETP partners, to promote a strong enabling policy environment for developers and investors that drives Viet Nam’s future green growth ambition.

    What is the JETP ?

    The Just Energy Transition Partnership (JETP) is a cooperation initiative and related Political Declaration agreed in December 2022 between Viet Nam and the International Partners Group (IPG; now comprised of the European Union, the United Kingdom, Canada, Denmark, France, Germany, Italy, Japan, Denmark and Norway, and co-led by the EU and the UK. The overarching goal is to support the country’s energy transition trajectory towards its 2050 net zero emissions commitment. The JETP Political Declaration consequently sets out 3 main targets:

    1. Accelerate and cap the peaking of GHG emissions from the power sector at 170 million tons of CO₂ equivalent by 2030;
    2. Limit the installed capacity of coal-fired power plants to 30.2 gigawatts by 2030;
    3. Increase the share of renewable energy in the power mix to 47% by 2030, promoting investments in wind, solar, and other clean energy sources.

    In support of these targets, the JETP partners secured original funding commitments of $15.5 billion, including $7.5 billion public sector finance from IPG members (grants, concessional and commercial loans and instruments) and $7.5 billion private sector finance facilitated by the Glasgow Financial Alliance for Net Zero (GFANZ). 

    JETPs are also being implemented to support the energy transitions in South Africa, Indonesia and Senegal.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 29 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: President Lai meets US delegation led by Senator Tammy Duckworth

    Source: Republic of China Taiwan

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

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

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

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

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

    MIL OSI Asia Pacific News

  • MIL-OSI: SPEC Releases New SPECapc for SNX 2024 Benchmark

    Source: GlobeNewswire (MIL-OSI)

    GAINESVILLE, Va., May 29, 2025 (GLOBE NEWSWIRE) — The Standard Performance Evaluation Corporation (SPEC), the trusted global leader in computing benchmarks, today announced the availability of an all-new SPECapc for SNX 2024 benchmark, providing a completely new take on measuring Siemens NX CAD and CAM software performance. Siemens NX is award-winning, processor-intensive software that helps designers and manufacturers deliver better products faster through a powerful combination of CAD and CAM solutions. The new benchmark runs on the continuous release version of Siemens NX, which will enable SPEC to update the benchmark more frequently.*

    The SPECapc for SNX 2024 benchmark executes graphics tests that include rotation, pan, zoom and clipping for each model. Viewport tests within the benchmark measure performance for field of view and feature regeneration operations. Anti-aliasing can be enabled or disabled to allow users to assess performance differences between the two modes. With the SPECapc for SNX 2024 benchmark, the range of application users, including professionals, students, and artists, as well as hardware developers and vendors, can discover how different hardware configurations affect the performance of the application.

    “SPEC is committed to providing the Siemens NX user and development communities with a fair and reliable benchmark for Siemens NX, and we are grateful for the opportunity to work with Siemens to make this happen,” said SPECapc Chair Jessica Heerboth. “We rigorously developed this benchmark according to our principles for creating a good benchmark, which include it being vendor agnostic, unbiased, use-case-dependent, scalable, extensible and more. These characteristics ensure the most accurate performance measurements, enabling the best possible decisions when making hardware purchases to run this processor-intensive design software.”

    Key features of the SPECapc for SNX 2024 benchmark

    • Exporting models to different file formats – This test measures exports to STEP and IGES, the most frequently used file formats.
    • Closest point calculations – This test measures a picked point in space for every surface / edge on a model and calculates which point on the model is closest.
    • Mass property calculations – For every solid body in the model, this test calculates the vector of mass / inertia / movement, etc. The test calculates forces in physical simulations: volume, mass, center of mass, moments, moments of inertia, spherical moments of inertia, radii of gyration, etc.
    • Model loading – This test measures the basic app function of opening and loading a model.
    • Display mode – This test iterates through multiple modes.
    • Cross section – This test cuts a model in half and rotates it around, providing a detailed look at the inside of a model – all the parts and details and how they fit together.
    • Explosion – This test explodes out to show an inner view of a model. It is similar to the cross section test but provides a view of each part individually without the detail of how they fit together.
    • Sync views – This test provides two different views of the model and rotates them in a synchronized fashion, providing a view of how things fit and potentially fuse together from different angles.
    • Multiple viewports – This test provides six different views of a model from different perspectives. It continuously shows the model from all angles to increase awareness of how changes affect the model.

    Available for Immediate Download
    The SPECapc for SNX 2024 benchmark is available for immediate download from SPEC under a two-tiered pricing structure: free for the user community and $2,500 for sellers of computer-related products and services. SPEC/GWPG members receive benchmark licenses as a membership benefit.

    About SPEC
    SPEC is a non-profit organization that establishes, maintains and endorses standardized benchmarks and tools to evaluate performance for the newest generation of computing systems. Its membership comprises more than 120 leading computer hardware and software vendors, educational institutions, research organizations, and government agencies worldwide.

    *Please note: The SPECapc for SNX 2024 benchmark can run on the latest continuous release version of Siemens NX; however, since each new application build version can differ in terms of performance and output, please refer to the benchmark run rules for the exact Siemens NX build version officially supported.

    Media contact:
    Brigit Valencia
    360.597.4516
    brigit@compel-pr.com

    Images available upon request.
    SPEC® and SPECapc® are trademarks of the Standard Performance Evaluation Corporation. All other product and company names herein may be trademarks of their registered owners.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f0ac75e-fb34-4c2b-855a-c839ce7313c0

    The MIL Network

  • MIL-OSI: Futu Announces First Quarter 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 29, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Operational Highlights

    • Total number of funded accounts1 increased 41.6% year-over-year to 2,673,119 as of March 31, 2025.
    • Total number of brokerage accounts2 increased 30.0% year-over-year to 4,955,319 as of March 31, 2025.
    • Total number of users3 increased 16.8% year-over-year to 26.3 million as of March 31, 2025.
    • Total client assets increased 60.2% year-over-year to HK$829.8 billion as of March 31, 2025.
    • Daily average client assets were HK$790.4 billion in the first quarter of 2025, an increase of 64.7% from the same period in 2024.
    • Total trading volume in the first quarter of 2025 increased by 140.1% year-over-year to HK$3.22 trillion, in which trading volume for U.S. stocks was HK$2.25 trillion, and trading volume for Hong Kong stocks was HK$916.0 billion.
    • Margin financing and securities lending balance increased 33.7% year-over-year to HK$50.3 billion as of March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Total revenues increased 81.1% year-over-year to HK$4,694.6 million (US$603.4 million).
    • Total gross profit increased 85.9% year-over-year to HK$3,945.7 million (US$507.2 million).
    • Net income increased 107.0% year-over-year to HK$2,142.7 million (US$275.4 million).
    • Non-GAAP adjusted net income4 increased 97.7% year-over-year to HK$2,216.9 million (US$285.0 million).

    Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “We started 2025 on a strong note, adding approximately 262 thousand funded accounts in the first quarter, up 47.8% year-over-year and 21.9% quarter-over-quarter. Total funded accounts reached 2.7 million, representing a 41.6% increase year-over-year and a 10.9% increase quarter-over-quarter. Hong Kong remained the top contributor to new funded accounts, as our marketing initiatives effectively leveraged the Hong Kong market rally and IPO boom. We believe that brokers with leading brand equity, product experience and execution capabilities will gain outsized benefits from strong equity market performance. Malaysia posted the fastest sequential growth in new funded accounts among all seven markets. After a year of rapid market share gain in Malaysia, we think there is ample headroom for further growth and will continue to invest in our product and our brand. In Japan, new funded accounts enjoyed robust growth and reached a historic high, as we solidified our position as the go-to broker for U.S. stock trading. Funded account growth accelerated in the U.S. as we enhanced our offerings for active traders and our high-profile advertising campaigns boosted brand visibility. With one-third of our full-year target already achieved, we remain firmly on track to meet our guidance of 800 thousand net new funded accounts in 2025.”

    “Total client assets reached HK$829.8 billion, up 60.2% year-over-year and 11.6% quarter-over-quarter, thanks to record net asset inflow. In Singapore, total client assets rose 11.4% quarter-over-quarter, sustaining its streak of double-digit sequential growth. Average client assets in Canada and Australia also logged five straight quarters of sequential increase. Margin financing and securities lending balance at quarter end remained largely stable at HK$50.3 billion, due to lower risk appetite in the second half of the quarter amid market pullback.”

    “Total trading volume was HK$3.22 trillion, up 140.1% year-over-year and 11.4% quarter-over-quarter. U.S. stock trading volume grew 8.2% sequentially to HK$2.25 trillion, bolstered by clients’ bottom fishing of technology and semiconductor names. Hong Kong stock trading volume increased 21.4% quarter-over-quarter to HK$916.0 billion, as DeepSeek-induced market rally reignited investor interest.”

    “We continued to drive product innovation, empowering retail investors with cutting-edge investment tools and seamless investment experience. In Hong Kong, we unveiled Futubull AI, our proprietarily trained, AI-powered investment assistance, and revealed a new desktop version with more intuitive tools and advanced features. In Japan, we continued to enhance our U.S. stock offerings as we rolled out U.S. fractional shares trading in the first quarter and subsequently launched U.S. options trading in April.”

    “Wealth management client assets were HK$139.2 billion as of quarter end, up 117.7% year-over-year and 25.6% quarter-over-quarter. 29% of funded accounts held wealth management products, a further climb from 28% in the previous quarter. Money market funds remained the primary driver of asset inflow given the seek for stable returns amid market volatility. In Hong Kong and Singapore, we broadened our structured product suite with FX-linked notes in the first quarter. We also onboarded equity funds in Malaysia and money market funds in Japan.”

    “We had 498 IPO distribution and IR clients as of quarter end, up 15.8% year-over-year. During the quarter, we served as joint lead manager for several high-profile Hong Kong IPOs, including those of Bloks Group and Guming Holdings. For both of these transactions, we were the exclusive online broker for IPO distribution. Notably, in the MIXUE Group IPO, more than 70 thousand clients contributed to over HK$1 trillion in subscription amount, putting us first among all brokers in number of subscribers and total subscription amount.”

    First Quarter 2025 Financial Results

    Revenues

    Total revenues were HK$4,694.6 million (US$603.4 million), an increase of 81.1% from HK$2,592.5 million in the first quarter of 2024.

    Brokerage commission and handling charge income was HK$2,310.2 million (US$296.9 million), an increase of 113.5% from the first quarter of 2024. This was mainly due to higher trading volume, partially offset by the decline in blended commission rate.

    Interest income was HK$2,070.5 million (US$266.1 million), an increase of 52.9% from the first quarter of 2024. The increase was mainly driven by higher interest income from securities borrowing and lending business, margin financing and bank deposits.

    Other income was HK$313.9 million (US$40.4 million), an increase of 101.0% from the first quarter of 2024. The increase was primarily attributable to higher fund distribution service income and currency exchange income.

    Costs

    Total costs were HK$749.0 million (US$96.3 million), an increase of 59.3% from HK$470.2 million in the first quarter of 2024.

    Brokerage commission and handling charge expenses were HK$143.5 million (US$18.4 million), an increase of 138.0% from the first quarter of 2024. This increase was roughly in line with the growth of our brokerage commission and handling charge income.

    Interest expenses were HK$469.3 million (US$60.3 million), an increase of 50.0% from the first quarter of 2024. The increase was primarily due to higher expenses associated with our securities borrowing and lending business and higher margin financing interest expenses.

    Processing and servicing costs were HK$136.1 million (US$17.5 million), an increase of 40.2% from the first quarter of 2024. The increase was primarily due to higher market information and data fee for enhanced market data coverage.

    Gross Profit

    Total gross profit was HK$3,945.7 million (US$507.2 million), an increase of 85.9% from HK$2,122.2 million in the first quarter of 2024. Gross margin was 84.0%, as compared to 81.9% in the first quarter of 2024.

    Operating Expenses

    Total operating expenses were HK$1,260.4 million (US$162.0 million), an increase of 35.6% from HK$929.5 million in the first quarter of 2024.

    Research and development expenses were HK$386.0 million (US$49.6 million), an increase of 15.1% from the first quarter of 2024. This increase was primarily driven by investment in AI capabilities and related technology initiatives.

    Selling and marketing expenses were HK$459.2 million (US$59.0 million), an increase of 56.9% from HK$292.7 million in the first quarter of 2024. This was mainly driven by strong growth of new funded accounts.

    General and administrative expenses were HK$415.2 million (US$53.4 million), an increase of 37.8% from the first quarter of 2024. The increase was primarily due to an increase in general and administrative personnel to support overseas market development.

    Income from Operations

    Income from operations increased by 125.1% to HK$2,685.3 million (US$345.2 million) from HK$1,192.7 million in the first quarter of 2024. Operating margin increased to 57.2% from 46.0% in the first quarter of 2024 mainly due to strong topline growth and operating leverage.

    Net Income

    Net income increased by 107.0% to HK$2,142.7 million (US$275.4 million) from HK$1,035.1 million in the first quarter of 2024. Net income margin for the first quarter of 2025 increased to 45.6% from 39.9% in the year-ago quarter.

    Non-GAAP adjusted net income increased by 97.7% to HK$2,216.9 million (US$285.0 million) from the first quarter of 2024. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see “Use of Non-GAAP Financial Measures” at the bottom of this press release.

    Net Income per ADS

    Basic net income per American Depositary Share (“ADS”) was HK$15.44 (US$1.98), compared with HK$7.53 in the first quarter of 2024. Diluted net income per ADS was HK$15.28 (US$1.96), compared with HK$7.46 in the first quarter of 2024. Each ADS represents eight Class A ordinary shares.

    Conference Call and Webcast

    Futu’s management will hold an earnings conference call on Thursday, May 29, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

    Please note that all participants will need to pre-register for the conference call, using the link

    https://register-conf.media-server.com/register/BIb0180ca92acc4f49b995ccdec654eeb4.

    It will automatically lead to the registration page of “Futu Holdings Ltd First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Use of Non-GAAP Financial Measures

    In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company’s operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors’ assessment of its operating performance.

    Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company’s operations. Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

    The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance.

    For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this press release.

    Exchange Rate Information

    This announcement contains translations of certain HK dollars (“HK$”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.7799 to US$1.00, the noon buying rate in effect on March 31, 2025 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States 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” and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, 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 statements about Futu’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: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its credit products; Futu’s expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor inquiries, please contact:

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    ___________________________

    1 The number of funded accounts refers to the number of brokerage accounts with Futu that have a positive account balance. Multiple funded accounts by one client are counted as one funded account.
    2 Multiple brokerage accounts by one client are counted as one brokerage account.
    3 The number of users refers to the number of user accounts registered with Futu.
    4 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses.

    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands, except for share and per share data)

      As of December 31,   As of March 31,
      2024   2025   2025
      HK$   HK$   US$
    ASSETS          
    Cash and cash equivalents 11,688,383   6,495,155   834,864
    Cash held on behalf of clients 68,639,816   88,246,095   11,342,832
    Restricted cash 1,121   7,857   1,010
    Term deposit 4,990   5,240   674
    Short-term investments 2,411,074   2,659,746   341,874
    Securities purchased under agreements to resell 316,301   468,788   60,256
    Loans and advances-current (net of allowance of HK$85,252 thousand and HK$133,380 thousand as of December 31, 2024 and March 31, 2025, respectively) 49,695,691   48,552,818   6,240,802
    Receivables:          
    Clients 534,077   717,361   92,207
    Brokers 17,224,387   17,913,085   2,302,483
    Clearing organizations 3,277,063   8,189,215   1,052,612
    Fund management companies and fund distributors 1,210,472   1,773,358   227,941
    Interest 597,483   624,324   80,248
    Amounts due from related parties 61,200    
    Prepaid assets 63,497   68,993   8,868
    Other current assets 160,330   753,181   96,811
    Total current assets 155,885,885   176,475,216   22,683,482
               
    Operating lease right-of-use assets 253,212   390,760   50,227
    Long-term investments 573,190   698,183   89,742
    Loans and advances-non-current 18,805   18,843   2,422
    Other non-current assets 2,025,841   3,055,412   392,730
    Total non-current assets 2,871,048   4,163,198   535,121
    Total assets 158,756,933   180,638,414   23,218,603
    LIABILITIES          
    Amounts due to related parties 79,090     154,011     19,796  
    Payables:          
    Clients 72,379,135     95,452,151     12,269,072  
    Brokers 43,697,746     38,246,431     4,916,057  
    Clearing organizations 503,396     357,842     45,996  
    Fund management companies and fund distributors 507,076     1,509,340     194,005  
    Interest 86,964     69,180     8,892  
    Borrowings 5,702,259     9,897,658     1,272,209  
    Securities sold under agreements to repurchase 2,574,659     929,084     119,421  
    Lease liabilities-current 144,357     132,750     17,063  
    Accrued expenses and other current liabilities 4,936,805     3,316,253     426,259  
    Total current liabilities 130,611,487     150,064,700     19,288,770  
               
    Lease liabilities-non-current 132,924     275,538     35,418  
    Other non-current liabilities 8,061     8,058     1,035  
    Total non-current liabilities 140,985     283,596     36,453  
    Total liabilities 130,752,472     150,348,296     19,325,223  
               
               
    SHAREHOLDERS’ EQUITY          
    Class A ordinary shares 72     72     9  
    Class B ordinary shares 27     27     3  
    Additional paid-in capital 18,807,369     18,885,107     2,427,423  
    Treasury stock (5,199,257 )   (5,199,257 )   (668,294 )
    Accumulated other comprehensive loss (249,916 )   (184,687 )   (23,739 )
    Retained earnings 14,652,946     16,798,269     2,159,188  
    Total shareholders’ equity 28,011,241     30,299,531     3,894,590  
               
               
    Non-controlling interest (6,780 )   (9,413 )   (1,210 )
    Total equity 28,004,461     30,290,118     3,893,380  
    Total liabilities and equity 158,756,933     180,638,414     23,218,603  
               
    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

    (In thousands, except for share and per share data)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
    Revenues          
    Brokerage commission and handling charge income 1,082,107     2,310,220     296,947  
    Interest income 1,354,166     2,070,469     266,131  
    Other income 156,186     313,948     40,354  
    Total revenues 2,592,459     4,694,637     603,432  
    Costs          
    Brokerage commission and handling charge expenses (60,301 )   (143,505 )   (18,446 )
    Interest expenses (312,842 )   (469,333 )   (60,326 )
    Processing and servicing costs (97,103 )   (136,115 )   (17,496 )
    Total costs (470,246 )   (748,953 )   (96,268 )
    Total gross profit 2,122,213     3,945,684     507,164  
               
    Operating expenses          
    Research and development expenses (335,487 )   (385,979 )   (49,612 )
    Selling and marketing expenses (292,664 )   (459,202 )   (59,024 )
    General and administrative expenses (301,335 )   (415,245 )   (53,374 )
    Total operating expenses (929,486 )   (1,260,426 )   (162,010 )
               
    Income from operations 1,192,727     2,685,258     345,154  
               
    Others, net 31,741     (20,598 )   (2,648 )
               
    Income before income tax expense and share of loss from equity method investments 1,224,468     2,664,660     342,506  
               
    Income tax expense (185,641 )   (490,959 )   (63,106 )
    Share of loss from equity method investments (3,694 )   (30,997 )   (3,984 )
               
    Net income 1,035,133     2,142,704     275,416  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,038,138     2,145,323     275,753  
    Non-controlling interest (3,005 )   (2,619 )   (337 )
      1,035,133     2,142,704     275,416  
    Net income per share attributable to ordinary shareholders of the Company          
    Basic 0.94     1.93     0.25  
    Diluted 0.93     1.91     0.24  
               
    Net income per ADS          
    Basic 7.53     15.44     1.98  
    Diluted 7.46     15.28     1.96  
               
    Weighted average number of ordinary shares used in computing net income per share          
    Basic 1,102,929,775     1,113,426,758     1,113,426,758  
    Diluted 1,114,429,420     1,126,352,076     1,126,352,076  
               
    Net income 1,035,133     2,142,704     275,416  
    Other comprehensive (loss)/income, net of tax          
    Foreign currency translation adjustment (29,441 )   65,215     8,382  
    Total comprehensive income 1,005,692     2,207,919     283,798  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,008,732     2,210,552     284,136  
    Non-controlling interests (3,040 )   (2,633 )   (338 )
      1,005,692     2,207,919     283,798  
    FUTU HOLDINGS LIMITED

    UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

    (In thousands)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
               
    Net income 1,035,133   2,142,704   275,416
    Add: Share-based compensation expenses 85,938   74,199   9,537
    Adjusted net income 1,121,071   2,216,903   284,953
               

    Non-GAAP to GAAP reconciling items have no income tax effect.

    The MIL Network

  • MIL-OSI NGOs: Public participation, licensing, and transparency concerns emerge in the luxury eco-lodge development in Ngong Road Forest

    Source: Greenpeace Statement –

    Nairobi, Kenya

    Greenpeace Africa participated in the public stakeholders meeting convened by the Kenya Forest Service (KFS) on 27th May 2025, regarding the controversial construction of a luxury eco-lodge in Ngong Road Forest. We attended this forum with a clear purpose: to demand transparency, accountability, and the protection of Kenya’s forests from commercial exploitation disguised as development.

    What unfolded during this meeting was deeply troubling and confirms many of our concerns:

    • KFS admitted that no public participation was conducted before the project began. Kenyan law mandates full public involvement before approving major forest or land-use projects. Both the Constitution (Article 69(1)(d)) and the Forest Conservation & Management Act (2016) emphasize public participation as a fundamental principle. 
    • The Environmental Impact Assessment (EIA) consultant admitted that no public participation was carried out and that the process proceeded without securing a valid license from the National Environmental Management Authority (NEMA). Under  the Environmental Management and Coordination and Management Act (EMCA), project proponents must submit a report to NEMA before commencing work and the law explicitly prohibits project implementation without an approved EIA. Moreover, no other agency may issue permits without a valid NEMA license. 
    • KFS stated that they issued Early Entry Permits to the developer which are special permits that allow individuals or entities to access and begin certain activities on forest land before completing all legal and regulatory requirements. This is not only irregular but also directly contravenes provisions under the Environmental Management and Coordination and Management Act, the Forest Conservation Act and Kenya’s Constitution, all of which mandate prior environmental clearance and public participation before any development on public forest land.
    • Konyon Ltd, the private developer behind the eco-lodge, failed to show up to the meeting. Attempts to get answers from their consultants and KFS were futile, underscoring the opaque and unaccountable nature of this entire process.
    • Efforts by some Community Forest Association (CFA) officials to suggest that the public should accept that the project was a done deal, by stating that, “the investor will not go away”, were met with strong resistance from stakeholders, reaffirming that the public will not accept backdoor deals that put forest land at risk.

    Greenpeace Africa condemns the continued commodification and destruction of Kenya’s forests under the pretense of development. Forests are not for sale. They are public commons and important ecosystems that must be preserved for present and future generations.

    We are calling for:

    • An immediate halt to the Ngong Road Forest eco-lodge project.
    • A full, independent investigation of the approval process and any breaches of law..
    • The reinstatement and protection of all forest land already altered and threatened by this project.
    • Accountability for all individuals and institutions who bypassed due process..

    This is not just about Ngong Road Forest, this is about defending every inch of public forest land across the country from the growing greed and political interference threatening our environmental future. 

    We stand in full solidarity with the Green Belt Movement and commend them for bringing this issue to the forefront of national discourse. Their vigilance has been instrumental in exposing the disturbing realities behind this project. Greenpeace Africa is proud to stand with them in the ongoing fight to defend and protect Kenya’s forests.

    We invite members of the public to join us by signing and sharing our petition demanding an end to the destruction of Kenya’s forests and demanding strict protection for all gazetted and community forest areas.

    ENDS

    For media inquiries, please contact:

    Sherie Gakii, Communications and Storytelling Manager, Greenpeace Africa, [email protected], +254702776749

    Greenpeace Africa Press Desk, [email protected]

    MIL OSI NGO