Category: DJF

  • MIL-OSI Russia: Since the beginning of 2025, more than 5,000 China-Europe /Central Asia/ trains have passed through the Khorgos railway checkpoint

    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

    URUMQI, July 3 (Xinhua) — The total number of trains running on China-Europe/Central Asia international freight railway routes and passing through the Horgos railway border crossing in northwest China’s Xinjiang Uygur Autonomous Region since the beginning of 2025 exceeded 5,000 on Wednesday, 42 days earlier than last year.

    The fact that on the same day a freight train carrying electronics, household items and other goods departed for Malaszewicze /Poland/ through this checkpoint testified to this event.

    According to the data, since the beginning of this year, the number of freight trains passing through the Khorgos checkpoint on the China-Europe and China-Central Asia routes has continued to grow. At the same time, on average, more than 27 trains and over 7 million tons of cargo passed through it daily, which is 20 percent more year-on-year.

    To date, more than 47,000 freight trains have passed through the Khorgos checkpoint on the China-Europe and China-Central Asia routes. This border crossing handles 87 corresponding freight routes covering 18 countries. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Investor restores historic building from early 20th century in Presnensky district

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The investor restored a cultural heritage site from the early 20th century on Skatertny Lane. After that, it was transferred to a preferential rental rate under the program “1 ruble per square meter per year.” This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The program “1 ruble per square meter per year” has been operating in the capital since 2012 and allows attracting an increasing number of investors to restore significant architectural monuments. Another object that was put in order thanks to the efforts of entrepreneurs was the stables with a carriage house of the Tarasov family city estate ensemble. The lease agreement for the object was concluded in June 2022. The investor fulfilled all the conditions of the program and was transferred to a preferential rental rate of one ruble per square meter per year,” said Vladimir Efimov.

    The historic building with an area of over 250 square meters is located at the address: Skatertny Lane, Building 4/2, Building 2. The building is a two-story structure, where the firewall with an arched opening on the first floor has been preserved. All the rooms inside are covered with Monier vaults.

    “In accordance with the agreement concluded with the city, the tenant carried out a complete restoration of the facades and painted the stables in gray with white details according to the model of the main house, and repaired the roof. The decorative elements of the building’s exterior were also restored. The structures were strengthened inside and the utility networks were replaced. Thanks to the transition to a preferential rental rate, the entrepreneur will be able to save more than 4.5 million rubles annually,” she noted.

    Ekaterina Solovieva, Minister of the Moscow Government, Head of the Department of City Property.

    To take advantage of the program, entrepreneurs take part in specialized auctions. Based on their results, they conclude real estate lease agreements with investors for 49 years. To transfer to a preferential rate, it is necessary to carry out restoration and recovery work under the supervision of Department of Cultural Heritage.

    As the head of the Moscow City Department for Competition Policy noted Kirill Purtov, the opportunity to rent historical buildings under a preferential program is in demand among Moscow entrepreneurs. Since 2022, six such objects have been sold at auctions – on average, three participants bid for one lot.

    The investor has restored the premises in a historic building from the early 20th century on Mira AvenueMoscow Art Nouveau: Tarasov Estate Recognized as an Architectural Monument

    More information about current offers from the city, including preferential programs, is published oninvestment portal Moscow.

    To participate in the auction, you will need to register on the electronic trading platform “RoselTorg” and enhanced qualified electronic signature.

    The development of electronic services for entrepreneurs is being implemented within the framework of the national project “Data Economy”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/156189073/

    MIL OSI Russia News

  • MIL-OSI Russia: 140 Innovative Ideas: Polytech Becomes a Platform for Tech Startups

    Translation. Region: Russian Federal

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

    The Polytechnic University hosted a large-scale Forum of Science and Technological Entrepreneurship, organized as part of the Gazprom Neft initiative Vector of the Future with the support of the autonomous non-profit organization National Priorities.

    The goal of the forum, which is being held for the third year, is to develop applied science, popularize engineering professions, build a trusting dialogue between scientists and business representatives, and involve young specialists and technology teams in entrepreneurial activities.

    At the opening, guests were greeted by Vice-Rector for Research at SPbPU Yuri Fomin and Director of the Gazprom Neft Open Innovations Program Maxim Bardin.

    Yuri Fomin noted that the event touches on the very important topic of technological entrepreneurship for the country and the region, which was also raised at the recently held St. Petersburg International Economic Forum.

    “At many sessions of the SPIEF, they discussed what technological entrepreneurship is, whether it should exist within the university perimeter, or in the external infrastructure,” shared Yuri Vladimirovich. “Opinions varied, but all experts agreed that technological entrepreneurship is important both for universities and for the economy as a whole, so it needs to be developed and supported.”

    Maxim Bardin thanked the guests for participating in the forum, and the Polytechnic University for providing the venue and active support for student scientific entrepreneurship.

    This year, the forum was held in a new format. The traditional “Entrepreneurship” track was dedicated to Gazprom Neft’s Industrix acceleration program, aimed at developing technology startups and innovative solutions for the oil and gas industry. This year, program participants presented experts with 140 innovative developments in the areas of capital construction and industrial safety, electric power, production, drilling and downhole operations, geological exploration, geology and development of oil and gas fields, gas and pipeline transport. The defense of the projects attracted the attention of many participants, because the experts’ assessment determines whether an idea will develop into a startup.

    The Science track included several events. Visitors to the interactive zone “12 Evil Science Viewers” discussed popular science content with representatives of the National Priorities ANO.

    Representatives of Gazpromneft – Industrial Innovations acted as experts in the open session with case studies “The Path of Innovation: from Laboratory Research to Industrial Implementation”.

    Also on the main stage of the forum in the lobby of the Research Building of Technopolis Polytech, an open dialogue with the head of the department of technological development of Gazprom Neft Bogdan Kostyuk and a meetup “From the laboratory to Forbes: how young scientists built a technology business” with the co-founder of the express delivery company for chemical reagents AppScience Maxim Pustovalov took place.

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

    MIL OSI Russia News

  • MIL-OSI Russia: “Steel Camels” are gaining momentum on the Eurasian Continent

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 3 (Xinhua) — The Silk Road served as a channel for trade and economic interaction between the East and West, and currently China-Europe freight trains provide uninterrupted freight traffic on the Eurasian continent.

    On June 10 this year, China-Europe freight train 75052 departed from Jiaozhou Station in Qingdao City, Shandong Province, East China.

    Thus, the total number of China-Europe freight train departures has exceeded 110,000, and the value of the cargo they transported has exceeded 450 billion US dollars. For 61 consecutive months, the monthly number of trips has consistently exceeded a thousand.

    If two thousand years ago camel caravans paved the Silk Road, today the “steel dragon” rushes along the golden transport corridor Asia-Europe, demonstrating the dynamics of openness. China-Europe freight trains are becoming a stable driver of high-quality development.

    INCREASING INTENSITY

    Between 2016 and 2024, the annual number of China-Europe freight train departures increased from 1,702 to 19,000, and the value of goods carried increased from an average of US$8 billion to US$66.4 billion.

    Three established route lines, namely western, central and eastern, already pass through China. China-Europe train services have been launched in 128 cities in China, and the number of regular routes on a fixed schedule, which start from the coastal ports of Dalian, Tianjin, Qingdao, Lianyungang and other harbors, has reached 28.

    Outside China, the diversified development of this transport channel is facilitated by the countries located along its routes. In particular, trains reach 229 cities in 26 European countries and more than 100 cities in 11 Asian countries.

    In the western direction, new routes were opened in the framework of international rail-sea combined transportation through the Baltic, Caspian and Black Seas. In the eastern direction, uninterrupted connections were ensured with the new international land-sea trade corridor, the golden waterway of the Yangtze River and seaports, which created new transport corridors in the framework of multimodal rail-sea transportation between East Asia, Southeast Asia and Europe.

    INCREASING EFFICIENCY

    Freight train 75052, which departed on June 10, carried LCD displays, refrigerators and other household appliances. Over the past 10 years, there has been an evolution of product names: from clothing and footwear to the “new three” (electric vehicles, lithium batteries, solar panels), household appliances and high-tech equipment.

    The growing diversity and cost of cargo require increased transportation efficiency. In recent years, given the specifics of transportation organization, the maximum number of cars in one China-Europe train running at 120 km/h has been increased to 55, and the maximum gross train weight to 3,000 tons. Close cooperation with customs authorities has made it possible to optimize the accelerated customs clearance scheme for trains, reducing customs clearance time from half a day to less than 30 minutes, with the fastest clearance taking only a few minutes.

    China Railway Container Transport (CRCT) has set up subsidiaries in Kazakhstan, Germany and other countries, deepening cooperation with local railway authorities and logistics companies to develop bilateral cargo flows.

    DEEPENING INTEGRATION

    Thanks to the new logistics corridors opened by China-Europe freight trains for the interior regions of Asia and Europe, the countries along the route are actively integrating into the open world economy. Spanish wine, Dutch cheese, Thai durian, Laotian bananas have become everyday goods for the Chinese. Electronics, electric cars and everyday goods from China reach Europe faster and at more attractive prices.

    The rise of industry and the development of China-Europe freight trains go hand in hand. For example, the Ereenhot checkpoint in the Inner Mongolia Autonomous Region is currently accelerating the transformation of a transit economy into an industrial economy. It has formed a cross-border logistics network that attracts industrial clusters in the production of auto parts, woodworking, etc.

    “China-Europe freight trains with high efficiency, stability and environmental friendliness are changing the architecture of regional economies,” said Li Tiegan, a professor at Shandong University.

    The ‘steel camels’ demonstrate China’s commitment to building an open global economy and promoting common prosperity. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: The first freight train departed from Changsha on the international multimodal route China-Kyrgyzstan-Uzbekistan

    Translation. Region: Russian Federal

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

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

    BEIJING, July 3 (Xinhua) — A China-Kyrgyzstan-Uzbekistan international multimodal freight train departed from Changsha International Railway Port Station in central China’s Hunan Province on Wednesday. It is the first full-length international train in Changsha operating under the multimodal transportation model (railway-road transport) approved by the General Administration of Customs of the People’s Republic of China.

    As reported by the Zhongxinshe news agency, the departure of this train opened a new logistics corridor between Hunan Province and the countries of Central Asia, including all of Kyrgyzstan and Uzbekistan.

    This has created a shorter, faster and more cost-effective westward route for businesses in Hunan and the surrounding areas. In addition, the train has facilitated flexible distribution across multiple routes, expanding supplies to markets such as West Asia, South Asia, the Middle East and Southern Europe.

    According to the person in charge of the platform running the train, through this new channel, products from Hunan Province can be delivered to customers in Central Asian countries in a shorter time, and the cost of transportation and insurance can be reduced by 30 percent. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: China opposes any tariff agreements concluded to the detriment of its interests – Ministry of Commerce of the PRC

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, July 3 (Xinhua) — China firmly opposes any country making trade deals that harm Chinese interests, Commerce Ministry spokesperson He Yongqian said Thursday.

    He Yongqian made the remarks in response to a media question regarding the trade deal between the United States and Vietnam, saying China has taken note of the relevant information and is assessing the developments.

    She said the US’s imposition of so-called “reciprocal tariffs” on its trading partners was a typical act of unilateral bullying, which China has consistently opposed.

    He Yongqian added that China supports other countries’ efforts to resolve trade disputes with the United States through consultations on an equal basis, but firmly opposes any country making deals that harm China’s interests.

    “If such a situation arises, China will take decisive countermeasures to protect its legitimate rights and interests,” she said. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Ship-to-ship liquid carbon dioxide loading and unloading operation completed in China

    Translation. Region: Russian Federal

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

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

    BEIJING, July 3 (Xinhua) — China has completed the loading and unloading of liquid carbon dioxide from ship to ship at the Yangshan Port in Shanghai, Science and Technology Daily reported.

    The event marks a major milestone as China has now achieved full cycle operations of carbon dioxide capture, liquefied gas storage, ship-to-ship loading and unloading and recycling, the news release said.

    The discharge was made possible by a carbon dioxide capture system developed by an institute under the China State Shipbuilding Corporation (CSSC), which achieves a comprehensive capture rate of over 80 percent and a capture purity of 99.9 percent.

    Efficient and safe transportation of liquid carbon dioxide is critical to the large-scale deployment of carbon capture technology on ships.

    The liquid carbon dioxide loading and unloading operation during ship-to-ship operations requires precise vessel positioning, complex piping connections and pressure control. Any slight deviation in operation may lead to risks, said Su Yi, general manager of the environmental protection equipment department at the institute.

    Compared with the traditional ship-to-shore CO2 loading and unloading, the ship-to-ship method allows for a quick response to the needs of vessels arriving from different sea areas.

    Earlier in May this year, China’s first offshore carbon dioxide capture, utilization and storage (CCUS) project was put into operation in the Pearl River Estuary Basin in southern China.

    CCUS is a new technological approach for low-carbon and highly efficient exploitation of fossil energy sources. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Thailand’s King Sworn In New Ministers After Cabinet Reshuffle

    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

    BANGKOK, July 3 (Xinhua) — Thailand’s King Maha Vajiralongkorn swore in a new government on Thursday after approving the cabinet lineup earlier this week.

    Deputy Prime Minister Surya Jungrungreangkit, acting prime minister, led a group of 14 newly appointed and reappointed ministers in swearing allegiance to the king, a mandatory formality before taking office.

    Prime Minister Phetongthan Shinawatra, suspended as head of government by the Constitutional Court pending an ethics investigation, attended the ceremony after being appointed culture minister.

    A group of 36 senators last month petitioned the court to remove Phetongthan Shinawatra from office, accusing her of serious ethical violations related to the leak of a recording of a phone call about border issues with Cambodia.

    Surya Jungrungreangkit will hold a special cabinet meeting later today to assign tasks and responsibilities to deputy prime ministers and ministers, the Thai government said. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Mongolia’s foreign exchange reserves rose to US$5.2 billion by the end of June 2025

    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

    ULAN BATOR, July 3 (Xinhua) — Mongolia’s foreign exchange reserves have risen to 5.2 billion U.S. dollars by the end of June 2025, local media reported on Thursday, citing data from the country’s central bank.

    This figure increased by 0.24 percent compared to the previous month and decreased by 5.51 percent since the beginning of the year, the official report says.

    According to analysts, an increase in foreign exchange reserves is a guarantee of economic stability and helps to improve the country’s credit rating, having a positive impact on the financial performance of the private sector, as well as strengthening public confidence in the national currency.

    The Central Bank of Mongolia is expected to increase its gold and foreign exchange reserves to $6.5 billion in the medium term. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Deputy Commander-in-Chief of the Russian Navy M. Gudkov Dies in Kursk Region

    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

    Moscow, July 3 /Xinhua/ — Deputy Commander-in-Chief of the Russian Navy, former commander of the 155th Separate Guards Brigade, Major General Mikhail Gudkov died in the Kursk region, Primorsky Krai Governor Oleg Kozhemyako reported on his Telegram channel.

    “I express my deepest condolences to the families, friends and fellow soldiers of Mikhail Gudkov, Nariman Shikhaliev and all the other soldiers who died in the Kursk region. Guards Major General, Hero of Russia, Hero of Primorye, Deputy Commander-in-Chief of the Russian Navy, former commander of the 155th Separate Guards Kursk Orders of Zhukov and Suvorov Marine Brigade of the Pacific Fleet died while performing his duty as an officer together with his fellow soldiers,” the statement reads.

    According to O. Kozhemyako, M. Gudkov, having become deputy commander-in-chief of the Navy, did not stop personally visiting the positions of the marines. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Flood emergency response activated in northwest China’s Qinghai Province

    Translation. Region: Russian Federal

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

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

    BEIJING, July 3 (Xinhua) — Amid a new round of heavy rains, China’s Ministry of Water Resources on Thursday activated a Level 4 emergency response for flooding in northwest China’s Qinghai Province.

    Heavy rainfall is forecast for eastern and southern Qinghai Province from Thursday to Saturday, with the storm expected to cause significant water levels in the upper reaches and tributaries of the Yellow River in the province, and flood levels in some small and medium-sized rivers in severely affected areas may exceed danger levels.

    Local authorities are urged to strengthen flood monitoring and early warning, ensure effective flood control on rivers, and ensure the safety of people’s lives and property.

    Based on the 24-hour rainfall forecast, the ministry issued warnings for 10 other provincial-level regions, including Hebei, Liaoning and Hainan provinces, urging them to take precautions and prepare for heavy rain.

    Currently, three provincial-level regions of the country, namely Chongqing Municipality, Sichuan Province and Gansu Province, are under Level 4 flood emergency response.

    Let us recall that China has adopted a four-tier emergency response system for flood-related emergencies, with level 1 being the highest. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: South Korean parliament approves prime minister nominee

    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

    SEOUL, July 3 (Xinhua) — South Korea’s parliament on Thursday approved Kim Min-suk’s candidacy for the post of prime minister.

    The proposal to appoint Kim Min-seok, a lawmaker from the ruling Toburo Democratic Party, was approved by 173 votes in favor, three against and three abstentions.

    Of the 300 members of the National Assembly, controlled by the ruling party, lawmakers from the conservative opposition Civil Power Party refused to vote on the issue, calling on Kim Min-suk to step down voluntarily.

    Kim Min-suk was appointed prime minister on June 4 after President Lee Jae-myung was sworn in. –0–

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Keynote speech by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Hong Kong Exchanges and Clearing Limited’s Integrated Fund Platform Order Routing Service Launch Ceremony (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the keynote speech by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan, at the Hong Kong Exchanges and Clearing Limited (HKEX)’s Integrated Fund Platform Order Routing Service Launch Ceremony today (July 3):
     
    Bonnie (Chief Executive Officer of the HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen,
     
         It is my great pleasure to join you all today at the Launch Ceremony of the Order Routing Service under the Integrated Fund Platform operated by the HKEX.
     
         Digital infrastructure is key to the operation and development of the modern-day capital market. Today’s launch ceremony signifies a solid step in the construction of a market-wide infrastructure for our fund management industry leveraging the advancement in technology.
     
         For the first six months of this year – 2025, the Hong Kong stock market’s daily turnover reached HK$240 billion on average, up 118 per cent year on year. We also saw 44 IPOs (initial public offerings) raising a total of HK$107 billion, surpassing the annual figure of 2024 by 22 per cent and assuming a leading position in the world’s IPO fund raised during the same period this year.
     
         Fund flows in the collective investment scheme and asset management space are equally active. As of end-March 2025, for Hong Kong-domiciled funds, an overall net inflow of about HK$343 billion was recorded over the past 12 months, representing an increase of 285 per cent year on year. The AUM (assets under management) surged by close to 40 per cent, and the number of licensed corporations providing asset management services rose by about 5 per cent.
     
         As our capital market continues to grow in depth and breadth, we need to maintain the robustness and nimbleness of our backbone infrastructure to keep up with the demand and cater for future development. Legislative framework and regulatory regimes also have to be refreshed from time to time in order to bring out the growth potential in the marketplace and remove bottlenecks and inefficiencies that may exist.
     
         For example, to enrich the suite of products that can be made available to the market, the Government has amended the Securities and Futures Ordinance and enacted a new piece of legislation to introduce the open-ended fund company or OFC and limited partnership fund or LPF regimes to enable funds to set up in company and limited partnership forms. The diversified fund structures have been well received. As of the end of May this year, over 560 OFCs have been set up, and nearly 1 150 LPFs have been established in Hong Kong.
     
         In addition, we keep enhancing our connectivity with the Mainland market. For example, since the launch of the Cross-boundary Wealth Management Connect (WMC) 2.0 in the Guangdong-Hong Kong-Macao Greater Bay Area in February 2024 which, among other enhancement measures, allowed the investment quota per investor to go up to RMB3 million, there has been a significant increase in the number of investors and amount of cross-boundary fund remittances. As of end-May 2025, some 158 000 individual investors participated in the WMC. Cross-boundary fund remittances amounted to over RMB115 billion, around seven times increase compared with WMC 1.0.
     
         We are also expanding our international network. Two ETFs (exchange-traded funds) tracking Hong Kong indices were listed on the Saudi Exchange last year. In May this year, we saw Asia’s first investment-grade sukuk ETF listing in Hong Kong, as well as a new Mutual Recognition of Funds arrangement reached with Ireland.
     
         All these market development initiatives are going hand in hand with the upgrading of our financial market infrastructure. The HKSAR (Hong Kong Special Administrative Region) Government has been working with parties concerned to establish paperless, straight-through and one-stop integrated digital platforms for the provision of financial services, taking advantage of fintech developments and the rise of blockchain and AI. The goal is to increase efficiency and lower costs. As a key market operator, the HKEX has an important role to play in this, and we are very pleased to have the HKEX’s active participation and partnership in this journey.
     
         The implementation of an uncertificated securities market in Hong Kong, for example, will be a significant step towards modernising our securities market. It will allow individual investors to own securities in their names without a paper certificate and manage transactions through a digitalised platform. The Government, in collaboration with the Securities and Futures Commission and the HKEX, has completed all the relevant legislative work this year, with a view to launching the regime in the first half of 2026 following market preparations.
     
         Moving from securities to funds, I am glad to note that the first phase of the Integrated Fund Platform, the Fund Repository, has received positive responses for its comprehensive coverage and ease of use. I am also very pleased to note that the second phase of the Platform, the Order Routing Service launched today, has attracted the participation of major banks, transfer agents, brokers and fund houses. Leveraging the Communications Network developed jointly with the Shenzhen Stock Exchange, the Order Routing Service provides end-to-end transmission of subscription and redemption orders among fund distributors and transfer agents. I understand that development work on additional functionalities in the next phase, including nominee services and facilitation of payment and settlement, is under way.
     
         The development of an efficient and vibrant fund distribution ecosystem will drive market efficiency and lower transaction costs. This would in turn benefit end-investors and help realise our vision as the world’s top asset management hub and strengthening our status as an international financial centre. I congratulate the HKEX and its partner organisations on reaching this milestone and look forward to the full operation of a one-stop Platform encompassing the entire functionalities taking heed of user experience and stakeholder feedback. Thank you.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Keynote speech by Permanent Secretary for Financial Services and the Treasury (Financial Services) at Hong Kong Exchanges and Clearing Limited’s Integrated Fund Platform Order Routing Service Launch Ceremony (English only) (with photos)

    Source: Hong Kong Government special administrative region

         Following is the keynote speech by the Permanent Secretary for Financial Services and the Treasury (Financial Services), Ms Salina Yan, at the Hong Kong Exchanges and Clearing Limited (HKEX)’s Integrated Fund Platform Order Routing Service Launch Ceremony today (July 3):
     
    Bonnie (Chief Executive Officer of the HKEX, Ms Bonnie Chan), distinguished guests, ladies and gentlemen,
     
         It is my great pleasure to join you all today at the Launch Ceremony of the Order Routing Service under the Integrated Fund Platform operated by the HKEX.
     
         Digital infrastructure is key to the operation and development of the modern-day capital market. Today’s launch ceremony signifies a solid step in the construction of a market-wide infrastructure for our fund management industry leveraging the advancement in technology.
     
         For the first six months of this year – 2025, the Hong Kong stock market’s daily turnover reached HK$240 billion on average, up 118 per cent year on year. We also saw 44 IPOs (initial public offerings) raising a total of HK$107 billion, surpassing the annual figure of 2024 by 22 per cent and assuming a leading position in the world’s IPO fund raised during the same period this year.
     
         Fund flows in the collective investment scheme and asset management space are equally active. As of end-March 2025, for Hong Kong-domiciled funds, an overall net inflow of about HK$343 billion was recorded over the past 12 months, representing an increase of 285 per cent year on year. The AUM (assets under management) surged by close to 40 per cent, and the number of licensed corporations providing asset management services rose by about 5 per cent.
     
         As our capital market continues to grow in depth and breadth, we need to maintain the robustness and nimbleness of our backbone infrastructure to keep up with the demand and cater for future development. Legislative framework and regulatory regimes also have to be refreshed from time to time in order to bring out the growth potential in the marketplace and remove bottlenecks and inefficiencies that may exist.
     
         For example, to enrich the suite of products that can be made available to the market, the Government has amended the Securities and Futures Ordinance and enacted a new piece of legislation to introduce the open-ended fund company or OFC and limited partnership fund or LPF regimes to enable funds to set up in company and limited partnership forms. The diversified fund structures have been well received. As of the end of May this year, over 560 OFCs have been set up, and nearly 1 150 LPFs have been established in Hong Kong.
     
         In addition, we keep enhancing our connectivity with the Mainland market. For example, since the launch of the Cross-boundary Wealth Management Connect (WMC) 2.0 in the Guangdong-Hong Kong-Macao Greater Bay Area in February 2024 which, among other enhancement measures, allowed the investment quota per investor to go up to RMB3 million, there has been a significant increase in the number of investors and amount of cross-boundary fund remittances. As of end-May 2025, some 158 000 individual investors participated in the WMC. Cross-boundary fund remittances amounted to over RMB115 billion, around seven times increase compared with WMC 1.0.
     
         We are also expanding our international network. Two ETFs (exchange-traded funds) tracking Hong Kong indices were listed on the Saudi Exchange last year. In May this year, we saw Asia’s first investment-grade sukuk ETF listing in Hong Kong, as well as a new Mutual Recognition of Funds arrangement reached with Ireland.
     
         All these market development initiatives are going hand in hand with the upgrading of our financial market infrastructure. The HKSAR (Hong Kong Special Administrative Region) Government has been working with parties concerned to establish paperless, straight-through and one-stop integrated digital platforms for the provision of financial services, taking advantage of fintech developments and the rise of blockchain and AI. The goal is to increase efficiency and lower costs. As a key market operator, the HKEX has an important role to play in this, and we are very pleased to have the HKEX’s active participation and partnership in this journey.
     
         The implementation of an uncertificated securities market in Hong Kong, for example, will be a significant step towards modernising our securities market. It will allow individual investors to own securities in their names without a paper certificate and manage transactions through a digitalised platform. The Government, in collaboration with the Securities and Futures Commission and the HKEX, has completed all the relevant legislative work this year, with a view to launching the regime in the first half of 2026 following market preparations.
     
         Moving from securities to funds, I am glad to note that the first phase of the Integrated Fund Platform, the Fund Repository, has received positive responses for its comprehensive coverage and ease of use. I am also very pleased to note that the second phase of the Platform, the Order Routing Service launched today, has attracted the participation of major banks, transfer agents, brokers and fund houses. Leveraging the Communications Network developed jointly with the Shenzhen Stock Exchange, the Order Routing Service provides end-to-end transmission of subscription and redemption orders among fund distributors and transfer agents. I understand that development work on additional functionalities in the next phase, including nominee services and facilitation of payment and settlement, is under way.
     
         The development of an efficient and vibrant fund distribution ecosystem will drive market efficiency and lower transaction costs. This would in turn benefit end-investors and help realise our vision as the world’s top asset management hub and strengthening our status as an international financial centre. I congratulate the HKEX and its partner organisations on reaching this milestone and look forward to the full operation of a one-stop Platform encompassing the entire functionalities taking heed of user experience and stakeholder feedback. Thank you.

    MIL OSI Asia Pacific News

  • PM Modi pays homage to Kwame Nkrumah, Ghana’s founding President

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday visited the Kwame Nkrumah Memorial Park in Accra, paying homage to Ghana’s founding President and towering figure of Africa’s independence movement.

    Accompanied by Ghana’s Vice-President, Prof. Naana Jane Opoku-Agyemang, PM Modi laid a floral wreath and observed a moment of silence at the mausoleum that houses the mortal remains of Dr. Nkrumah and his wife, Fathia Nkrumah.

    The tribute underlined India’s longstanding respect for Ghana’s rich anti-colonial legacy and reflected the enduring ties between the two nations.

    The memorial, designed by architect Don Arthur, stands as a symbol of Dr. Nkrumah’s pivotal role in leading the Gold Coast to independence from British rule in 1957. Ghana’s independence made it the first sub-Saharan African nation to achieve self-rule, inspiring liberation movements across the continent.

    A proponent of Pan-African unity and a key architect of the Non-Aligned Movement, Dr. Nkrumah’s vision extended beyond national borders. He advocated African solidarity and international cooperation at a time when newly independent states were seeking a collective voice on the global stage.

    Dr. Nkrumah’s ideas on neo-colonialism and his writings, including Neo-Colonialism: The Last Stage of Imperialism, continue to influence debates on post-colonial development. Despite facing political challenges and being overthrown in a coup in 1966, his legacy remains deeply embedded in Ghana’s national consciousness.

    Earlier during his visit, PM Modi was conferred with Ghana’s highest civilian award — The Officer of the Order of the Star of Ghana — by President John Mahama. Expressing gratitude, the Prime Minister described the honour as “a matter of immense pride” for India.

    “It is a matter of great pride and honour for me to be conferred with Ghana’s national award, The Officer of the Order of the Star of Ghana, by the President. I humbly accept this honour on behalf of 1.4 billion Indians,” PM Modi said, dedicating the award to the youth of both nations.

    PM Modi’s visit, the first by an Indian Prime Minister in over three decades, signals New Delhi’s continued outreach to Africa and the Global South. During discussions with President Mahama, both leaders agreed to elevate bilateral ties to a Comprehensive Partnership, underscoring cooperation in trade, investment and people-to-people exchanges.

    (ANI)

  • PM Modi dedicates Ghana’s highest state honour ‘to enduring friendship, shared values’ with India

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Thursday addressed the Parliament of Ghana and dedicated the prestigious “Officer of the Order of the Star of Ghana” conferred on him to the enduring friendship and shared values between the two countries.

    PM Modi was conferred with The Officer of the Order of the Star of Ghana, the country’s highest civilian honour, by President John Mahama on Wednesday. PM Modi thanked Ghana’s President for the honour and called it a “matter of immense pride”.

    During his address to the country’s Parliament, the Prime Minister expressed his gratitude to the African nation on behalf of 1.4 billion Indians and noted the emotional connection to the award.

    “Last evening was a moving experience. Receiving your national award from my dear friend, President Mahama, is an honour. I will always cherish this. On behalf of the 1.4 billion people of India, I thank the people of Ghana for the award. I dedicate it to the enduring friendship and shared values between India and Ghana,” PM Modi said.

    He hailed the West African nation for its enduring commitment to democracy, dignity, and resilience, calling it a “beacon of inspiration” for the African continent.

    “It is a privilege to be in Ghana, a land that radiates the spirit of democracy, dignity and resilience. As the representative of the world’s largest democracy, I bring with me the goodwill and greetings of 1.4 billion Indians,” the Prime Minister said.

    Highlighting the deep cultural and historical connections between the two nations, he praised Ghana not only for its natural wealth but also for the warmth and strength of its people.

    “Ghana is known as the land of gold, not just for what lies under your soil but as much for the warmth and strength in your heart. When we look at Ghana, we see a nation that stands with courage that rises above history that meets every challenge with dignity and grace. Your commitment to democratic ideals and inclusive progress truly makes Ghana a beacon of inspiration for the entire African continent,” he added.

    Earlier today, Prime Minister Narendra Modi visited the Nkrumah Memorial Park in Ghana’s Accra and paid tribute to Dr Kwame Nkrumah, Ghana’s founding President and a revered leader of the African independence movement.

    “Earlier today, I had the honour of paying tribute to our visionary and statesman and the beloved son of Ghana, Dr. Kwame Nkrumah. He once said that the forces that unite us are greater than the superimposed influences that keep us apart. His words continue to guide our shared journey…” the Prime Minister said.

    During his visit, he was accompanied by the Vice President of Ghana, Prof. Naana Jane Opoku-Agyemang. The Prime Minister laid a floral wreath and observed a moment of silence in honour of Dr Nkrumah’s lasting contributions to freedom, unity, and social justice.

    Ghana marks the first stop on PM Modi’s five-nation tour from July 2 to 9, which includes visits to Trinidad & Tobago, Argentina, Brazil, and Namibia.

    This is the first visit by an Indian Prime Minister to Ghana in over 30 years. The trip is expected to deepen the India-Ghana partnership and signal New Delhi’s continued engagement with Africa and the Global South.

    (ANI)

  • PM Modi receives Ghana’s highest civilian award, now honoured by 24 countries

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi, who is on a five-nation tour, was on Wednesday conferred with Ghana’s highest civilian award — the Officer of the Order of the Star of Ghana.

    The honour was bestowed during his landmark visit to the West African nation, the first by an Indian Prime Minister in over three decades.

    With this, PM Modi has now received the highest civilian honours from 24 countries, the most by any Indian leader. These prestigious accolades include Russia’s Order of St. Andrew, the UAE’s Zayed Medal, France’s Grand Cross of the Legion of Honour, the Maldives’ Rule of Nishan Izzuddin, as well as similar recognitions from Nigeria, Cyprus, Fiji, and others.

    Accepting the award, PM Modi dedicated it to the 1.4 billion citizens of India, particularly its youth, rich cultural traditions, and diversity. He also highlighted the deep-rooted ties between India and Ghana, built on a shared foundation of democratic values and mutual respect.

  • Sensex, Nifty end lower amid consolidation, investors await India-US trade deal

    Source: Government of India

    Source: Government of India (4)

    The Indian stock markets ended lower on Thursday after a day of cautious trading, as late selling pressure erased earlier gains. Investors remained watchful amid hopes of a possible trade agreement between the US and India.

    The Sensex touched an intra-day high of 83,850 in early trade but eventually closed 170.22 points or 0.2 per cent lower at 83,239.7. Similarly, the Nifty also slipped by 48.1 points or 0.19 per cent, settling at 25,405.3 by the end of the session.

    Markets traded volatile on the weekly expiry day and ended marginally lower, continuing the ongoing consolidation phase, said Ajit Mishra of Religare Broking Limited.

    After an initial uptick, the Nifty oscillated sharply in both directions while remaining within Wednesday’s trading range, ultimately closing at 25,405.30.

    “However, the overall trend remains bullish and is expected to stay intact unless the index decisively breaks below the 25,200-mark. On the upside, the 25,650–25,750 zone is likely to act as an immediate hurdle,” Mishra mentioned.

    On the Sensex, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, Trent, and State Bank of India were among the top losers. On the other hand, Maruti Suzuki India, Infosys, NTPC, Asian Paints, Hindustan Unilever, and Eternal were among the top gainers — helping limit the downside.

    Broader markets showed subdued trends. The Nifty Midcap100 index managed to hold on to slight gains and closed flat with a positive bias. Following suit, the Nifty Smallcap100 index ended the day 0.26 per cent higher.

    In contrast, the Nifty Smallcap100 index ended the day 0.26 per cent lower.

    Among sectoral indices, the Nifty PSU Bank index was the biggest loser, falling 0.89 per cent due to selling pressure in stocks like Punjab National Bank, Union Bank of India, UCO Bank, and Central Bank of India.

    Other sectors such as metals, realty, banking, and financial services also ended lower.

    However, some pockets of the market saw buying interest. Sectors like media, auto, pharma, healthcare, consumer durables, oil & gas, and FMCG managed to close in the green.

    Market experts said that investors are likely to remain cautious in the coming sessions, keeping a close eye on global trade developments, FII activity and key economic cues.

    Meanwhile, the Indian rupee strengthened to its highest point in a month, primarily due to anticipated foreign capital inflows and a positive outlook on an impending trade agreement with the US.

    “In the near term, the spot USD/INR exchange rate is expected to find support at 84.95, while encountering resistance at 85.70,” Dilip Parmar of HDFC Securities stated.

    (IANS)

  • MIL-OSI Africa: W Cape completes housing market studies for seven municipalities

    Source: Government of South Africa

    W Cape completes housing market studies for seven municipalities

    The Western Cape Department of Environmental Affairs and Development Planning, in collaboration with the Department of Infrastructure, has completed the second round of housing market studies across seven municipalities.

    The Western Cape MEC for Local Government, Environmental Affairs and Development Planning, Anton Bredell, said this initiative is part of the provincial government’s ongoing efforts to better understand the dynamics of the local housing market. 

    According to Bredell, the goal is to promote well-located, affordable housing opportunities and to support the development of municipal inclusionary housing policies, where appropriate.

    The municipalities included in this latest phase are Swartland, Saldanha Bay, Overstrand, Breede Valley, Bitou, Knysna, and Oudtshoorn. 

    The studies provide critical insight into how local housing markets function, highlighting trends in supply and demand, affordability challenges, and opportunities for both private and public sector investment. 

    The housing market studies also build on the first round of research completed for Drakenstein, Stellenbosch, George, and Mossel Bay. 

    Based on recent findings, Stellenbosch Municipality has developed and begun implementing its Inclusionary Zoning Policy in targeted areas, aiming to increase the supply of affordable and well-located housing opportunities.

    The second round of the study has identified several common challenges faced by municipalities, emphasising the need for targeted, evidence-based interventions to improve housing affordability and the overall functionality of the market.

    The study has revealed that widespread affordability constraints are restricting access to formal housing, particularly for lower-income households. 

    In these segments, the demand for housing significantly exceeds the supply, mainly due to affordability challenges.

    In addition, there is a substantial undersupply of entry-level housing (priced up to R300 000) and affordable housing (priced between R300 000 and R600 000). 

    ”There is limited formal housing available for households that can afford or qualify within this price range,” Bredell said.

    Meanwhile, the conventional housing market segment (priced between R600 000 and R900 000) is also experiencing significant shortages, with the number of potential buyers or households vastly exceeding the available housing stock.

    In contrast, the high-end housing market (priced between R900 000 and R1.2 million) and the luxury market (priced above R1.2 million) are generally well supplied, featuring a higher share of both existing stock and new market-driven development activities.

    “The imbalance in the housing market, characterised by a shortage of affordable options in the lower and middle segments and an oversupply in the upper-end market, is leading to a rise in informal housing and backyard dwellings. As households struggle to access formal housing, they are compelled to seek alternative shelter solutions.

    “It is also worth noting that the studies primarily reflect trends within the formal housing market,” said Bredell.

    As such, the study found that informal settlements, backyard dwellings, and subsidised units without title deeds are underrepresented. 

    “This suggests that the true scale of housing need, especially among the lowest income groups, is likely even greater than reflected in the data.”

    The Western Cape MEC for Infrastructure, Tertuis Simmers, emphasised that these studies are pivotal in giving us the intelligence to invest smarter, plan better, and partner more effectively to deliver affordable housing where it’s needed most. 

    ”The housing crisis is not just about quantity, it’s about access, location, and dignity, and this data helps us respond in ways that are practical, targeted, and inclusive,” Simmers said. 

    In addition, Bredell believes that the insights from the housing market studies will assist municipalities in developing appropriate responses to housing affordability challenges. 

    “This may include developing an Inclusionary Housing Policy, Affordable Housing Strategy, refining the Municipal Spatial Development Framework, Integrated Development Plan, and Human Settlements Plan, while also exploring innovative approaches beyond traditional state-subsidised housing delivery that enable the delivery of affordable housing,” Bredell added. 

    The provincial government said the final phase of the project, scheduled for 2025/26, will revisit and update the original four municipal studies that were undertaken in the first round.  

    “It will also include a knowledge-sharing workshop and the publication of a consolidated comparative report. This report will identify key trends, highlight regional differences, and outline strategic interventions to enhance housing market performance across the province.” – SAnews.gov.za

    Gabisile

    MIL OSI Africa

  • MIL-OSI Australia: Canberra’s best pizzas, as voted by you

    Source: Northern Territory Police and Fire Services

    Bronx is serving up a variety of delicious thin crust pizzas that fold into your mouth perfectly – just like they do it in the USA.

    This pizza spot is serving up Neapolitan-style woodfired slices.

    All pizzas are homemade on a sourdough crust. There’s a menu change quarterly, dependent on seasonal produce.

    On the current menu, you’ll find salami, mushroom and olive, potato and prosciutto, and more.

    Located on the foreshore, this pizzeria has an extensive menu with all the classics and more.

    They currently have a list of limited-edition pizzas which includes barbecue chicken and prosciutto, peri peri chicken and garlic prawn and chorizo.

    This restaurant offers traditional and modern Italian dishes, updated each season.

    Pizzas currently on the menu include prosciutto, calabrese and vegetarian options such as funghi and eggplant.

    Pizza with lake views – does it get better?

    This Italian restaurant offers an extensive list of pizzas to choose from.

    Choose from a variety of meat and vegetarian options in a medium or large size.

    Located at Deakin shops, this pizzeria is very popular among locals.

    Choose from a variety of flavours with a Pizza Bianca or Pizza Rosso base – one made with tomato sauce base and one without.

    Find this pizzeria next door to Edgar’s Inn at the Ainslie shops.

    Mama Dough is serving up freshly made wood-fired pizzas including delicious flavours like sausage and potato, caramelised onion, mushroom, ham and pineapple and more.

    Make sure to check out some of the great meal deals available.

    This southside pizzeria offers Neapolitan-style pizzas.

    On their website, they say the pizzas ‘rise slowly over 30 hours producing a naturally low gluten base, that is hand shaped and fired at 360 degrees’.

    The menu includes tropical, supreme, barbecue chicken, Mexican and more. They also offer calzones (a folded pizza).

    This pizzeria was founded by Chef Hemm, who is ranked in the top 100 pizza chefs worldwide.

    Enjoy authentic, artisanal pizzas inspired by Tuscany. Pizzas on the menu include margherita, capricciosa and prosciutto and crudo.

    You can also buy Chef Hemm’s pizzas at The Jetty from Hem & Co’s pizza van.

    These woodfired pizzas came highly recommended by locals.

    Their signature ‘Gusto’ is a must-try, featuring bocconcini cheese, shaved prosciutto, rocket and a drizzle of olive oil.

    Pizza Gusto only does takeaway or outdoor seating and doesn’t take bookings.

    Pop to Fraser for authentic, homemade woodfired pizzas.

    Their ‘traditional’ range includes prosciutto and vegetarian pizzas. The ‘Aussie way’ range features a chicken and bacon pizza, and the ‘signature’ range includes a hot and sweet pizza with salami, olives and pineapple.

    This spot is perfect for your next catch up with mates or birthday party.

    Located at The Lawns of the National Triangle, this garden bar does takeaway or outdoor deck seating.

    Pizza toppings include sausage, prawn, olive, pepperoni, margherita, and more.

    If you’re feeling adventurous, you can also order a ‘Panuozzo’ – a combo of a pizza and a sandwich.

    Find this pizza and pasta restaurant on London Circuit in the city.

    Enjoy a variety of delicious woodfired pizzas including prawn and chorizo, funghi, meat lovers, pork belly and apple, and more.

    You can also customise a pizza by choosing your own base, sauces and toppings.

    Hot tip: takeaway orders receive 10% off.

    Stuffed is located at Casey Marketplace and offers burgers, pizzas and more.

    All pizzas are homemade on a crispy thin 13-inch base. Flavours include barbecue pesto chicken, prawn pizza, pulled pork and veggie.

    This pub at Cook shops serves up big, bar-style pizzas.

    On the menu find classic meat, veggie and vegan pizzas. You can pick a base of garlic, tomato or barbecue.

    We recommend going for a slice on ‘Cheap Tuesday’ where most pizzas are over 35% off, with some close to 50%.

    This modern pub’s pizza menu is a blend of classic Italian recipes and innovative flavours.

    They have all the pizza classics like margherita and capricciosa, plus other exciting flavours such as garlic, zucchini and eggplant, potato and rosemary and an elevated ham and pineapple – made with smoked ham.

    Dine in on Tuesdays and get two pizzas for $40.

    Local takeaways

    Canberrans told us that some of the best pizzas are found at these local takeaway joints:

    • Regal Charcoal Chicken, Charnwood

    Read more like this:

    MIL OSI News

  • MIL-Evening Report: Grattan on Friday: how two once hot-button issues this week barely sparked media and political interest

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Political and news cycles often work in a certain and predictable way. Issues flare like bushfires, then rage for weeks or even months, until they are finally extinguished by action or fade by being overtaken by the next big thing.

    On two very different fronts this week, we’re reminded how these cycles work.

    During the last term, the opposition constantly hammered the government over its handling of the former immigration detainees released after the High Court found they couldn’t be held indefinitely. These included people who had committed murder, child sex offences and violent assaults.

    On Sunday, Home Affairs Minister Tony Burke admitted in a television interview that the legislation the government passed to re-detain some of these people was, in effect, impossible to use. Burke’s comments attracted only limited attention.

    The other reminder of an old story came when the Federal Court ordered a militant Muslim preacher to remove inflammatory lectures from the internet. He had lost a case brought by the Executive Council of Australian Jewry under Section 18C for the Racial Discrimination Act. More than a decade ago, political passions ran high in conservative circles about the alleged evils of 18C.

    First to the Burke admission. Burke told Sky he had “a lot of resources” dedicated to trying to get applications to court for preventative detention orders. But “no one has come close to reaching the threshold that is in that legislation”. Burke insisted he was “not giving up”, but there is little reason to believe things will change. The opposition has suggested amending the preventative detention legislation, but Burke says that would hit a constitutional obstacle.

    For a long time, the government had kept saying it was working up cases to put to the court (and given the impression action was close). But, realising the difficulty, it also passed legislation facilitating the deportation of these people to third countries. There are now three former detainees due to be deported to Nauru, following a financial agreement with that country. But there’s a hitch: their deportations are tied up in court appeals. (They are, however, able to be held in detention while the cases proceed.)

    The challenge still presented by the former detainees in the community is no small matter, despite the political storm having calmed and the media interest dissipating.

    In evidence in Senate estimates in March, the Department of Home Affairs said 300 people had been released from immigration detention as at the end of February. Of these, 104 had offended since release, and 30 were incarcerated (including on remand). Some 83 had only a state or territory criminal charge; seven only a Migration Act charge; 14 people had both a Migration Act charge and a state or territory charge. In recent weeks, one former detainee is alleged to have murdered a photographer in Melbourne.

    The political context can be very relevant to whether the embers of an old issue re-spark into something major.

    Prime Minister Anthony Albanese’s decision last year to put Burke into home affairs was something of a political masterstroke. If Clare O’Neil and Andrew Giles had still been in their former respective portfolios of home affairs and immigration, the present failure to deal more successfully with the former detainees would have been a much bigger issue. Burke is skilled at throwing a blanket over contentious areas.

    On the other side of politics, James Paterson was moved out of home affairs to become shadow finance minister in Sussan Ley’s reshuffle. Paterson pursued the former immigration detainees relentlessly. The new spokesmen, Andrew Hastie (home affairs) and Paul Scarr (immigration) haven’t hit their strides yet, and what they have said on the issue hasn’t grabbed much attention.

    The government would have been under more pressure on the issue if parliament were sitting. But the new parliament doesn’t meet until July 22.

    When it does, one of the new arrivals will be a former face, Liberal MP Tim Wilson. Way back when, Wilson was a player in the story of 18C. For him, the way 18C resurfaced this week contains more than a little irony.

    In February 2014, Wilson took up his post of Human Rights Commissioner, appointed by the Abbott government with the special brief of promoting freedom of speech. (He was even dubbed the “freedom commissioner”.)

    The Abbott government was strongly opposed to section 18C of the Racial Discrimination Act, which made it unlawful to “offend, insult, humiliate or intimidate” a person or group because of their race or ethnicity.

    The assault on 18C ran into vigorous opposition from ethnic and other groups, including the Executive Council of Australian Jewry. In the end, then prime minister Tony Abbott retreated. Wilson was disappointed, tweeting: “Disturbed to hear the government has backed down on 18c and will keep offensive speech illegal. Very disturbed.”

    In his 2025 bid for election, Wilson – who had been member for Goldstein from 2016-2022 – was helped by the Jewish vote, after the rise of antisemitism.

    The debate about free speech has moved on a great deal since the days of the Abbott government, when conservatives were particularly agitated about 18C following a court judgement against journalist Andrew Bolt relating what he has written about some fair-skinned Indigenous people.

    Today’s debate is in the context of “hate speech” associated with the Middle East conflict. Hate-crime laws have provoked another fierce round of controversy about the appropriate limits to put on “free speech”.

    The Executive Council of Australian Jewry brought its case under the 18C civil law against preacher William Haddad, from Western Sydney, after no action was taken by the authorities under the criminal law.

    Haddad described Jews as “a treacherous people, a vile people”, among other offensive remarks, that included saying: “The majority of banks are owned by the Jews, who are happy to give people loans, knowing that it’s almost impossible to pay it back”. Haddad argued in his defence his lectures drew on religious writings, relating them to contemporary events, and were delivered for educational purposes.

    Finding against Haddad, Judge Angus Stewart said the lectures conveyed “disparaging imputations about Jewish people and that in all the circumstances were reasonably likely to offend, insult, humiliate and intimidate Jews in Australia”.

    Reflecting on this week’s decision, George Brandis – who was attorney-general during the 18C furore – says, “My view hasn’t changed. It should not in a free country be either criminally or civilly actionable to say something that merely offends. However, in this case the conduct went far beyond mere offence, to intimidation. It did not require 18C to get the redress that was sought in the case.”

    Wilson does not wish to re-enter the debate. The new opposition industrial relations spokesman says his focus is “my portfolio responsibilities”.

    It’s likely many of those who fought 18C years ago hold to their original view, while having to applaud the judgement made under it this week. That’s another irony.

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

    ref. Grattan on Friday: how two once hot-button issues this week barely sparked media and political interest – https://theconversation.com/grattan-on-friday-how-two-once-hot-button-issues-this-week-barely-sparked-media-and-political-interest-259686

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Africa: Qatar Participates in 8th Plenary, Closing Sessions of Fourth International Conference on Financing for Development

    Source: Government of Qatar

    Seville, July 2, 2025

    The State of Qatar has participated in the Eighth Plenary and Closing Sessions of the Fourth International Conference on Financing for Development, held in Seville, Spain.

    HE Minister of State for International Cooperation Maryam bint Ali bin Nasser Al Misnad, represented the State of Qatar in both sessions.

    The conference concluded with the adoption of a comprehensive document affirming that financing for development should not remain synonymous with traditional aid, but rather should transform into a sustainable investment approach that leads to the creation of opportunities and economic growth in developing countries.

    The document noted that reforming the global financial system is an urgent necessity, including enhancing the representation of developing countries in international financial institutions, improving borrowing conditions to align with development capabilities, and imposing fair taxes on wealth and environmentally polluting activities.

    The document noted that reducing inequality between and within countries can only be achieved through transparent and equitable financing that takes into account the needs of vulnerable and marginalized groups.

    In this context, it emphasized that the global debt crisis must not impede development.

    Therefore, the document supported innovative mechanisms, including debt-for-development or climate investment swaps, automatic debt service suspension in emergencies and disasters, and the establishment of a global debt registry to enhance transparency and accountability.

    It is worth noting that the Doha 2023 Declaration established the framework for the principles of economic justice and support for least developed countries, while the Seville Declaration is expected to operationalize these principles through a multilateral implementation platform based on innovative financing tools and new development alliances.

    The Doha 2023 Declaration affirmed the recognition of accumulated challenges and acknowledged that least developed countries are suffering from accumulated crises, including the repercussions of the COVID-19 pandemic, climate change, rising debt, lack of financing and investment, and fragile supply chains.

    The Doha Declaration also included a comprehensive vision for development through 2031, encompassing a program of six priority tracks: investing in human capital (health, education, and social protection), accelerating digital transformation, addressing climate change and enhancing resilience, supporting integration into the global economy, strengthening governance and institutions, and mobilizing resources and concessional financing.

    The Doha 2023 Declaration also called for enhancing access to concessional financing and grants, debt relief or cancellation, increasing the share of least developed countries in global trade, and accelerating the implementation of the Sustainable Development Goals (SDGs).

    The Seville Declaration represents a pivotal link in a series of global initiatives and establishes a new phase of investment- and equity-based development financing, in preparation for the in-depth review of the international community’s commitments to least developed countries, which will be held in Doha next November.

    MIL OSI Africa

  • MIL-OSI Africa: Spaza Shop Support Fund campaign goes to Mpumalanga

    Source: Government of South Africa

    Thursday, July 3, 2025

    The national awareness campaign on the Spaza Shop Support Fund is today in Volksrust, Mpumalanga.

    Township-based entrepreneurs in the area will have an opportunity to engage directly with government and its partners on how to access vital support to grow and sustain their businesses. 

    Led by the Department of Trade, Industry and Competition (the dtic) and the Department of Small Business Development (DSBD), the ongoing campaign forms part of a national drive to raise awareness about available support for spaza shops and township convenience stores. It aims to close information gaps and bring services closer to communities.

    Following successful stops in KwaZulu-Natal, Limpopo, North West, the Free State, and the Northern Cape, this leg targets entrepreneurs and spaza shop owners in the Dr. Pixley Ka Isaka Ka Seme Local Municipality and surrounding areas, who are often underserved but play a vital role in the local economy.

    At the centre of the campaign is the R500 million Spaza Shop Support Fund, launched by Minister of Trade, Industry and Competition, Parks Tau and Minister of Small Business Development, Stella Ndabeni, in April 2025. 

    The fund is administered by the Small Enterprise Development and Finance Agency (SEDFA) and the National Empowerment Fund (NEF) agencies of the DSBD and the dtic, respectively.

    Attendees in Volksrust will receive detailed guidance on how to apply for financial and non-financial assistance, including:

    • Access to affordable stock through delivery partners.
    • Infrastructure upgrades such as shelving, refrigeration and security.
    • Point-of-sale devices.
    • Business training on compliance, digital literacy, credit health and food safety.
    • Market access support through partnerships with black industrialists and local manufacturers.

    “The initiative aims to boost the competitiveness of township businesses and foster inclusive economic participation by bringing more informal retailers into the broader retail value chain,” the dtic said in a statement. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Asia-Pac: Public consultation on Legislative Council Election proposed guidelines commences (with photos/video)

    Source: Hong Kong Government special administrative region

    Public consultation on Legislative Council Election proposed guidelines commences (with photos/video) 
         The Electoral Affairs Commission (EAC) today (July 3) released the proposed guidelines on election-related activities in respect of the Legislative Council (LegCo) Election for public consultation. The consultation will last for 30 days until August 1.
     
         The 2025 LegCo General Election will be held on December 7. Before each general election, the EAC will review and update the guidelines.
     
         The Chairman of the EAC, Mr Justice David Lok, said at a press conference today, “These guidelines aim to explain in simple language the provisions under current electoral legislation with a view to reminding candidates and other relevant persons of the regulations and requirements of the electoral legislation; and to promulgate a code of conduct based on the fair and equal treatment principles in respect of election-related activities which are not covered by the legislation.”
     
    The proposed guidelines are prepared on the basis of the current guidelines for the LegCo Election (October 2021 edition), with appropriate amendments which are mainly composed of four categories: (1) to reflect the amended electoral legislation, such as the procedures if electronic counting arrangements are adopted in functional constituency elections; (2) to reflect the latest electoral arrangements and facilitation measures, for instance, electors could log on to an online system to check information such as their allocated polling stations, and candidates could submit election forms via electronic means, etc; (3) to further elaborate the contents of the guidelines to enable candidates and other relevant persons to have a clearer understanding of the areas which they should pay attention to; and (4) to align with the amendments already made to the other guidelines on election-related activities.
     
    Mr Justice Lok said, “To enable the public to better understand the requirements of the relevant electoral legislation and the code of conduct formulated by the EAC for the conduct of election-related activities, we have also enhanced the proposed guidelines by, for example, explaining the relevant electoral arrangements in the form of tables, consolidating the contents of the chapters, etc, with a view to making the proposed guidelines more concise and easy to comprehend.”

         The proposed guidelines can be downloaded from the EAC website (www.eac.hk 
    Members of the public are welcome to make written representations on the proposed guidelines to the EAC Secretariat by email (
    eacenq@eac.hk 
         The EAC will hold a public forum from 7pm to 9pm on July 18 (Friday) at the School Hall, 4/F, Kowloon Tong Government Primary School, 6 Tim Fuk Road, Kowloon Tong. Members of the public are welcome to attend to express views. The last admission time of the public forum is 8pm.
     
         For enquiries, please call 2891 1001.
    Issued at HKT 19:20

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: South Sudan: Peace begins with connecting with the communities we serve

    Source: APO – Report:

    .

    Peacekeeping is more than just a job for the Mongolian peacekeepers serving with the United Nations Mission in South Sudan. 

    It’s a mission to connect with the communities that they came to serve.

    So, it’s no surprise to see the joyful cheering when the peacekeeping patrol is welcomed to a school in the camp for displaced families next to the mission’s field office in Bentiu, Unity State. 

    The school has long lacked government funding, which means its 60 teachers provide classes on a volunteer basis, doing their utmost to ensure the children get the best education possible and the chance to reach their full potential in life despite the many challenges they face. 

    “We need government support. Most of us are unpaid, and at times, we have to collect fees from the children’s families just to keep the school running,” shares Head Teacher, Michael Tergiek. “The children motivate us so much though with their urgent desire to learn.” 

    What used to be a United Nations Protection of Civilians site requiring a constant peacekeeping presence transitioned into a conventional displacement camp under the responsibility of the government several years ago.

    But this change has not diminished the deep respect and connections between the local communities and UNMISS peacekeepers, particularly the Mongolian contingent, which has been stationed in the area for more than a decade.

    A perfect illustration of this deep connection is the fact that many of the South Sudanese children and even adults living in the camp can speak the Mongolian language.

    “There are a lot of kids, teenagers and adults that speak Mongolian as we’ve been here since 2012. At that time, these kids were still small and now they have grown up to be teenagers or young adults. Some of them are absolutely fluent and completely understand what we’re talking about,” shares the Deputy Commander of the Mongolian contingent, Altantulga Jargalan. 

    As well as conducting robust patrols by day and night, the Mongolian contingent increased the number of women peacekeepers within their ranks to help foster mutual respect with women and girls and combat the root causes of gender-based violence through the provision of training in schools and local community gathering spots. 

    “By being present and showing they care, the Mongolians help us feel safe enough to dedicate ourselves to our education,” shares 17-year-old Hope, who had returned to Bentiu from Uganda to live with her mother a few years ago. 

    Once she becomes a public speaker, which is her biggest dream, Hope wants to use her voice to empower others to become as strong and resilient as she is. 

    Because she agrees that peace begins with me, with you, with all of us.

    – on behalf of United Nations Mission in South Sudan (UNMISS).

    MIL OSI Africa

  • MIL-OSI Africa: President Mahama confers Ghana’s highest honour on Indian Prime Minister (PM)

    Source: APO – Report:

    .

    President John Dramani Mahama has, on behalf of the government and people of Ghana, conferred the State Honour of Officer of the Order of the Star of Ghana on Indian Prime Minister Narendra Modi, who is on a two-day official visit.

    The award presentation took place at a state banquet held in honour of the visiting Prime Minister on Wednesday. The citation accompanying the award praised Prime Minister Modi’s decades of dedicated service, emphasising his exemplary integrity, visionary governance, and steadfast commitment to human progress.

    It further recognised his significant efforts in uplifting his nation and extending a hand of partnership to the world, including Ghana. The honour specifically acknowledged his distinguished leadership, his substantial contribution to global development, and his deep commitment to strengthening the vital bilateral relationship between Ghana and India.

    – on behalf of The Presidency, Republic of Ghana.

    MIL OSI Africa

  • MIL-OSI Africa: Prime Minister pays tribute at Nkrumah Memorial Park in Accra

    Source: APO – Report:

    .

    Prime Minister Shri Narendra Modi visited the Nkrumah Memorial Park in Accra, Ghana, and paid tribute to Dr. Kwame Nkrumah, Ghana’s founding President and a revered leader of the African independence movement. He was accompanied by the Vice President of Ghana, H.E. Prof. Naana Jane Opoku- Agyemang. Prime Minister laid a floral wreath and observed a moment of silence in honour of Dr. Nkrumah’s lasting contributions to freedom, unity, and social justice.

    2. ​The tribute paid by Prime Minister reflects India’s deep respect for Ghana’s rich history and reaffirms the strong bonds of friendship and cooperation between the two countries.

    – on behalf of Ministry of External Affairs – Government of India.

    MIL OSI Africa

  • MIL-OSI Africa: Paving the Way for Small Modular Reactors to tackle Infrastructure Gaps for Energy Transition

    Source: APO – Report:

    .

    As Africa accelerates its journey towards a sustainable energy future, experts gathered in Kigali for the Nuclear Energy Innovation Summit for Africa  discussed the Potential of Small Modular and Micro Reactors in Accelerating Africa’s Energy Transition.

    The discussions Moderated by Yohannes G. Hailu, Economic Affairs Officer at UN Economic Commission for Africa (ECA), underscored an important message: the successful deployment of innovative nuclear technologies like Small Modular Reactors (SMRs) and Micro Reactors (MMRs) hinges not just on technological readiness, but on robust supporting infrastructure.

    Some African countries countries are opting for SMRs with an output of less than 300 megawatt capacity. One megawatt would suffice for at least 3000 residential homes. At the same time, 1 megawatt capacity would cost between ($2-$3 million).

    As it stands, more than 600 million Africans lack access to electricity.

    Experts attending the session of  Potential of Small Modular and Micro Reactors in Accelerating Africa’s Energy Transition examined the Africa’s current infrastructure landscape, pinpointing critical deficiencies. “Across the continent today, we have 15% of generation – that is 40 GW of power – that cannot be delivered simply because of infrastructure issues, curtailment, and grids not being available, sometimes for 800 to 1000 hours per year, or even more.”

    The discussion emphasized also on the urgent need to synchronize the rapid advancements in SMR/MMR generation with the long-term, complex development of regional and national transmission and distribution infrastructure. Panelists explored what it takes to create enabling conditions for SMR/MMR rollout, including integrated planning, cross-sector coordination, and strategic investment in local capabilities.

    Robert Lisinge,Director of Technology, Innovation, Connectivity and Infrastructure at ECA stressed the importance of a “synchronised planning regime at regional and national level.” He pointed to the Programme for Infrastructure Development in Africa (PIDA) as a key opportunity, which prioritizes significant investments in solar power, hydroelectric projects, and cross-border transmission lines, identifying 69 high-priority projects by 2030. This, he noted, presents an opportunity to “conceptualise and potentially develop regional nuclear projects that involve perhaps multiple countries, which would accelerate energy integration as well.”

    SMRs)offer a transformative opportunity for Africa’s key industries, particularly mining, according to Brian Dlamini, Planning Engineer for the Southern Africa Power Pool (SAPP).

    Dlamini highlighted that SMRs could provide clean, reliable energy to creditworthy mining operations, enabling “value addition to products with clean sources in the world market.” This integration, he added, would not only stabilize power grids but also drive the development of the continent’s vast mining sector with sustainable energy.

    The consensus from the session was clear: while SMRs and MMRs hold immense promise for accelerating Africa’s energy transition, their successful integration requires a holistic, systemic approach to infrastructure planning and investment. Synchronized efforts at both national and regional levels are paramount to ensure that the continent’s growing generation capacity can effectively reach end-users and power Africa’s next level of industrialization.

    – on behalf of United Nations Economic Commission for Africa (ECA).

    MIL OSI Africa

  • MIL-OSI Banking: Samsung TV Plus Expands Content Lineup with B4U Channels, Bringing Blockbuster Movies and Music to Indian Audiences

    Source: Samsung

     
    Samsung TV Plus, India’s leading free ad-supported streaming television (FAST) service, has announced the addition of four popular B4U channels – B4U Movies, B4U Music, B4U Kadak and B4U Bhojpuri to its dynamic content lineup. This partnership further strengthens the robust catalogue of Samsung TV Plus, now boasting over 125+ FAST channels, and brings a fresh wave of premium entertainment to Indian viewers.
     
    “Our mission is to deliver unmatched access and exceptional value to both our audiences and advertisers on the Samsung TV Plus platform. By introducing new FAST Channels from the house of B4U, we aim to enhance access to the latest from the world of entertainment. This collaboration with B4U underscores our dedication to this vision,” said Kunal Mehta, Head of Partnerships, Samsung TV Plus India.
     
    B4U Network, a pioneer in the Indian broadcasting landscape with a global footprint in over 100+ countries, is renowned for its rich library of Hindi movies, chart-topping music, and vibrant regional content. For more than two decades, B4U has captivated audiences across generations and geographies, making it a household name in entertainment.
     
    Johnson Jain, Chief Revenue Officer, B4U said, “Connected TV (CTV) has emerged as a significant force in the Indian media landscape, revolutionizing how audiences consume content. In line with this, our approach has pivoted on reaching a broader and more diverse audience base. We are delighted to announce our collaboration with Samsung TV Plus, bringing our curated set of channels to their platform. Through this partnership, we aim to engage viewers with high-quality entertainment — featuring top-tier movies and the best in music — delivered seamlessly on a premium CTV experience”
     
    This partnership reinforces the positioning of Samsung TV Plus, as one of India’s fastest-growing free content destinations providing curated entertainment for the evolving preferences of India’s digital-first viewers. With the integration of B4U’s acclaimed channels, Samsung TV Plus continues to redefine home entertainment, offering Indian consumers unparalleled access to blockbuster movies, trending music, and regional favourites, all for free.

    MIL OSI Global Banks

  • MIL-OSI Banking: Samsung Members Across India Join First-Ever Virtual Samsung Members Connect to Explore the Galaxy AI Universe

    Source: Samsung

     
    From the Himalayas to the coasts, Samsung Members came together for a one-of-a-kind virtual celebration of innovation, connection, and community.
     
    For the very first time, Samsung Members Connect went virtual—and what a success it was! On 25th June 2025, thousands of Galaxy users from every corner of India joined in from the comfort of their homes to be part of an experience that brought the best of Galaxy right to their screens.
     
    JB Park, President & CEO, Samsung Southwest Asia addressing the Samsung Members during the live connect
     
    A Nationwide Celebration of Galaxy AI and Innovation
    In response to the growing requests from Members across India, Samsung reimagined its flagship community engagement event—breaking geographical barriers and creating an inclusive platform where anyone with a Galaxy device could participate.
     
    The result? A dynamic, content-rich experience that immersed participants in the latest innovations across Galaxy AI, the Galaxy Ecosystem, Samsung Wallet, Samsung Health, SmartThings, and more.
     
    Samsung Members Connect has always been about celebrating the people who use and shape Samsung’s innovations and technology. This year, Samsung opened the experience to every Galaxy user in India, no matter where they are. The overwhelming participation and love the event received reaffirm Samsung’s belief in the power of community and innovation.
     
    Ridhi Chugh, General Manager, Multi Device Experience sharing the nuances of SmartThings for Home AI with members
     
    Power-Packed Sessions. Passionate Participants.
    The virtual event featured curated sessions led by Samsung experts, offering deep dives into the latest Galaxy AI-powered features—from creative content generation to smarter communication and productivity tools.
     
    Participants also explored how the Galaxy Ecosystem works seamlessly across phones, tablets, wearables, and even smart homes. Engaging demonstrations showcased how SmartThings and Samsung Health are shaping connected and healthier lifestyles.
     
    The camera deep-dive, always a crowd favorite, gave Members valuable tips on unlocking the pro-level capabilities of their Galaxy cameras—turning everyday users into creators.
     
    Anshul Subramanian, Engineer, Android Application talking the Galaxy AI Visual Experience
     
    Community. Interaction. Surprises.
    What truly set this event apart was the energy and enthusiasm of the Galaxy community.  Interactive Q&A sessions kept the engagement high throughout the day. Lucky draws, exclusive giveaways, and surprise shoutouts added moments of delight and joy.
     
    Several Members shared how being part of this virtual event made them feel seen, heard, and connected—especially those attending a Samsung event for the first time.
    “This year, Samsung Members Connect was an incredible experience. It was my deep dive into innovation, smart living and the ever-evolving Galaxy Ecosystem – I walked away inspired and informed,” said Yash Agarwal, a Samsung Member.
     
    “As someone living in a small town, I’ve always wanted to be part of Members Connect. Joining virtually today made me feel like I was right there with the rest of the Galaxy family,” said Vedant Kalore, a Samsung Member.
     
    Looking Ahead
    With the success of the first-ever virtual Samsung Members Connect, the brand has set a new benchmark in community engagement—where every Galaxy user, regardless of geography, has a front-row seat to innovation.
     
    This event wasn’t just a showcase of cutting-edge tech—it was a celebration of the people who bring Galaxy to life.
     
    Until next time, keep exploring, creating, and connecting—with Galaxy by your side.

    MIL OSI Global Banks