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Category: Economy

  • MIL-OSI Australia: Allens advises Zenith on $1.9 billion refinancing

    Source: Allens Insights

    Allens has advised Zenith Energy on its $1.9 billion refinancing and increase to its existing bank debt facilities, providing more than $1 billion in growth capital to support the development of new projects.

    The refinancing, backed by a syndicate of 14 Australian and international lenders, provides growth funding to support Zenith’s financial capacity as it expands its role in delivering renewable and hybrid power solutions. A portion of the transaction includes green loan facilities structured under Zenith’s Green Finance Framework, aligning with the Asia Pacific Loan Market Association’s Green Loan Principles.

    ‘We congratulate Zenith and the financiers on this significant transaction, which supports Zenith’s ability to capitalise on the opportunities of the energy transition. This refinancing highlights the strong market confidence in Zenith’s strategy and the role it plays in enabling decarbonisation in the resources sector. We are very pleased to continue our long standing relation with Zenith and to be able to support it into the future,’ said partner Rod Aldus.

    Allens legal team

    Banking & Finance

    Rod Aldus (Partner), Michael Ryan (Partner), Tania Joppich (Senior Associate), Bronte Barber (Lawyer)

    Contact for further information

    Senior Communications & Corporate Affairs Manager

    MIL OSI News –

    March 3, 2025
  • MIL-OSI United Nations: US cuts mean ‘essential’ UN mental health teams in Ukraine risk closure

    Source: United Nations 2

    3 March 2025 Humanitarian Aid

    Some 640,000 women and girls in Ukraine will be affected by cuts to psychosocial support, gender-based violence services, safe spaces, and economic empowerment programs following the confirmation from US authorities to end practically all financial contributions to the UN reproductive and sexual health agency (UNFPA).

    A young mother, five children in tow, steps off a train in the central Ukrainian city of Dnipro, holding a small bag. She is fleeing Russian attacks in the Zaporizhzhia region, she is also escaping a violent partner, a man who once beat her so severely she suffered a miscarriage.

    She needs urgent medical attention, legal assistance and a safe place for her children. “We met her at the train station,” says Tetiana, a psychologist with a mobile team since 2022. “We also organized a medical escort and lawyers to help with her documents and referrals.”

    Trauma, distress and surging domestic abuse

    Tetiana’s unit is one of 87 UNFPA psychosocial support teams, on call for emergency interventions. She can also refer survivors for longer-term assistance, job training and access to legal aid. These resources remain critical for survivors of abuse long after the initial danger has passed – especially in a country where three years of war have caused widespread trauma and deep psychological distress.

    Since Russia’s full-scale invasion three years ago, reports of intimate partner violence, domestic abuse, sexual violence and other forms of gender-based violence have surged more than threefold in Ukraine. An estimated 2.4 million people – mostly women and girls – are in urgent need of gender-based violence prevention and response services. “Even after finding some physical safety in Dnipro, many struggle with lingering panic attacks, nightmares and depressive symptoms,” says Tetiana.

    © UNFPA Ukraine

    UNFPA’s mobile psychosocial support teams are often the first to respond to cases of gender-based violence after the police.

    Almost two thirds of households in Ukraine report dealing with some form of anxiety, depression or extreme stress, thwarting people’s ability to find work or care for family members. Financial hardship, mass job losses, deaths of loved ones and fears of future attacks are only intensifying their distress. Without proper counselling and care, the cycle of trauma can also be passed down to future generations, risking long-term and wider-spread harm to the community

    Surviving is just the beginning

    Roman joined the team in Dnipro as a social worker in April 2022, arranging coordination with social services and public organizations. “We have built a response system for people’s safety and support,” he said, explaining that they are often the first to respond to cases of gender-based violence, after the police. “We are an ambulance of sorts for gender-based violence incidents.”

    These services are vital, especially for women without stable income or housing, as the war has put many at risk of economic exploitation or renewed violence.

    “Many people think surviving the initial threat is the end of the story,” added Tetiana. “But the real healing only starts once they are physically safe. Without psychosocial support, it’s difficult for them to recover from trauma or prevent further harm.”

    © UNFPA Ukraine

    Tetiana has worked as a psychologist with UNFPA’s mobile psychosocial support team in Dnipro since early 2022.

    In crisis settings, the risk of violence against women and girls escalates – including conflict-related sexual violence – and the demand for protection and response services spikes. Yet, as displaced women often lack social networks to turn to and are stigmatized if they report abuse, the police can request the mobile team’s support on-site to coordinate further interventions, such as safe housing or counselling.

    Health workers under fire

    It’s a situation fraught with danger, and response workers themselves can come under fire. “When we arrive at the sites of attacks or in cases of violence. We don’t have time to slow down,” explained Roman. “We switch on immediately and start providing services. It’s like our own reactions are on hold. Only later, when we look back and discuss it, do we realize how difficult it actually was.”

    Since February 2022, the World Health Organization has confirmed over 2,200 attacks on healthcare facilities, services and personnel in Ukraine by the Russian Federation. Last year, over 300 of these affected medical facilities – a threefold increase on 2023.

    While his work is critical, Roman said it takes a toll. “With each shelling, it builds up – one after the other. Depending on the severity of the damage, you feel it differently each time. But for the most part, we stay focused on what must be done, putting our feelings aside on the spot. Then, once the immediate crisis is handled, we turn to our own support networks and process it all.”

    Why these services must endure

    Since 2022, more than 50 of UNFPA’s mobile psychosocial teams have been funded by the US Government, and play an indispensable role in helping Ukraine’s most vulnerable. “The city services function, but they lack the same impact and reach. That’s why the mobile teams are essential, especially in times of war, as we navigate the wave of displaced people,” said Tetiana.

    Women are fundamental to the resilience of Ukraine’s families, workforce and larger community, but they have endured immense suffering over years of conflict. Ensuring they are supported throughout their personal recovery will be crucial to safeguarding Ukraine’s long-term recovery.

    With uncertainty now surrounding funding for humanitarian work around the world, the continuity of this vital work is under threat. 640,000 women and girls will be affected by cuts to psychosocial support, gender-based violence services, safe spaces, and economic empowerment programs. Protection for refugees and crisis-affected communities will be diminished.

    Essential health services to prevent and respond to gender-based violence, support to women-led organizations, and programmes promoting women’s economic empowerment are all at risk of closure – gravely endangering the safety and well-being of millions of people.

    MIL OSI United Nations News –

    March 3, 2025
  • MIL-OSI Australia: Consumer Data Right expansion to deliver a better deal for consumers

    Source: Australian Treasurer

    The Albanese Government is uplifting the Consumer Data Right (CDR) by expanding the system to non‑bank lending providers to deliver a better deal for more Australians.

    After extensive consultation and undertaking a strategic assessment of the way forward for CDR, the Albanese Government announced the CDR reset in August 2024. The intent of this reset was to address concerns around high compliance costs and the limited uptake of use cases by consumers.

    Through this reset, the Government is focusing on making improvements to the current framework to reduce unnecessary costs and enable high‑value use cases. The Albanese Government:

    • Has amended the CDR rules to streamline the consent process for consumers.
    • Is examining changes to the framework that could be made to reduce costs and facilitate high value use case.
    • Is exploring how the existing data sharing framework can better support high priority use cases such as consumer finance and lending, small business accounting services and energy switching.
    • Has written to the Data Standards Body setting out the Government’s expectations that future standards changes align with the Government’s direction for CDR.
    • Flagged an intention to move towards a ban of screen scraping.

    Today we announce another next step in the CDR reset, the expansion of CDR into non‑bank lending, commencing from mid‑2026.

    Today’s announced changes:

    • Expand the CDR to include non‑bank lending products, promoting greater competition and innovation in the market.
    • Remove the requirement for data holders to share consumer or product data for niche products such as asset finance, consumer leases, reverse mortgages, margin loans and foreign currency amounts.
    • Reduce the period of data to be held and shared from 7 years to 2 years, reducing costs associated with maintaining and responding to requests for historical data.
    • Ensure Buy Now, Pay Later products are covered by data sharing obligations.

    These changes ensure the CDR targets priority use cases, such as consumer finance and lending, without imposing unnecessary costs and regulatory burden on smaller lenders.

    The CDR enables Australian households and businesses to access their data held by their bank or electricity retailer through innovative new products that allows them to make informed choices, switch providers, and more easily apply for products and services.

    By unlocking the value of a consumer’s data, the CDR has the potential to be a transformational piece of economic reform for Australian consumers, delivering more choice and access to the best possible deals on a range of financial products tailored to a consumer’s individual need.

    The Government’s changes will open opportunities for consumers to use the CDR to find the best deals on more lending products. It will also address the cost burden of the CDR on the financial sector.

    The Government is working closely with stakeholders and will continue to expand the CDR in ways that foster innovation, whilst being purposeful and focussed on consumer benefit.

    The Albanese Government is getting on with the job of resetting of the CDR to ensure it delivers to its potential as an innovative piece of our economic infrastructure.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Australia: Grants to fuel future STEM pathways

    Source: Government of Queensland

    Issued: 3 Mar 2025

    • Recipients will share in almost $500,000 for science activities.
    • STEM-based events and activities to increase participation in science and encourage people to enter STEM career pathways.

    From the coast to the city, the future generation of science superstars are set to benefit from a range of engaging science activities throughout Queensland.

    The Queensland Government has committed almost $500,000 to encourage students to a consider a STEM (science, technology, engineering, and mathematics) career and encourage communities to engage with science.

    Grants of up to $20,000 have been awarded to 28 recipients through the Engaging Science Grants program, with community science-based festivals and tailored education programs for groups traditionally under-represented in science among the projects.

    The broad range of events and activities encourage engagement between scientists and the community, playing a vital role in building science literacy.

    Queensland Chief Scientist Professor Kerrie Wilson said the Engaging Science Grants program is a great opportunity for students and communities to connect with scientists.

    “Engaging in science activities and events is essential to inspire the future generation of scientists so our workforce is well-equipped to ensure our economy thrives.

    “I am particularly excited by those projects that introduce the wonders of science to groups that are generally under-represented in STEM such as the #STEMLIKEAPATSGIRL project which aims to empower and engage North Queensland girls in STEM, with hands-on activities that encourage them to envision their futures in the field.

    “Our commitment to building Queensland’s science ecosystem under the Future Queensland Science Strategy also includes a focus on empowering community awareness and engagement in science.

    “Whether you’re a student exploring future pathways, an aspiring scientist, or simply curious about how the world works, I encourage everyone to take part in some of these events and activities.”

    View more information about the 2025 recipients from the Engaging Science Grants program.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Australia: CEO of Northern Australia Infrastructure Facility to retire

    Source: Australian Ministers for Regional Development

    Northern Australia Infrastructure Facility (NAIF) CEO Craig Doyle has advised the NAIF Board of his intention to retire from his position in August, ending three successful years at the helm of the NAIF.  

    As CEO, Mr Doyle is responsible for the administration of NAIF, leading a talented and diverse team of professionals tasked with unlocking prosperity in our regions and driving growth in the northern Australian economy.  

    Mr Doyle joined as CEO in June 2022 and has since overseen a large number of NAIF’s portfolio of investments ranging from large-scale resource and energy developments to social infrastructure projects.

    Minister for Northern Australia, the Hon Madeleine King MP, reflected on Mr Doyle’s time as CEO and said he would leave the NAIF in a strong position. 

    “Craig’s leadership oversaw a crucial period for the NAIF, where they supported $1.3 billion of loans estimated to return $20 billion in public benefit to northern Australia,” Minister King said.

    “While it will be business as usual for Craig until his final day in August, I want to take this moment to acknowledge his significant contributions in leading the NAIF.

    “Craig departs with the gratitude of myself, the Government and key stakeholders and I wish him all the best with future endeavours.”

    Under the NAIF Act, the Board is responsible for appointing the CEO, and a recruitment process will soon be underway to ensure continuity. The process will be open, transparent and merit-based.

    The Australian Government will continue to work with the NAIF Board on these arrangements.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Economics: Money Market Operations as on February 28, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,261.85 6.33 5.25-6.80
         I. Call Money 1,111.65 6.18 5.25-6.40
         II. Triparty Repo 3,591.00 6.34 5.85-6.80
         III. Market Repo 0.00 – –
         IV. Repo in Corporate Bond 1,559.20 6.41 6.40-6.45
    B. Term Segment      
         I. Notice Money** 17,236.23 6.38 5.15-6.65
         II. Term Money@@ 654.00 – 6.15-8.10
         III. Triparty Repo 3,64,113.35 6.28 6.10-6.80
         IV. Market Repo 1,50,239.19 6.30 6.00-7.31
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Fri, 28/02/2025 3 Mon, 03/03/2025 16,258.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 28/02/2025 1 Sat, 01/03/2025 8,103.00 6.50
      Fri, 28/02/2025 2 Sun, 02/03/2025 0.00 6.50
      Fri, 28/02/2025 3 Mon, 03/03/2025 840.00 6.50
    4. SDFΔ# Fri, 28/02/2025 1 Sat, 01/03/2025 88,267.00 6.00
      Fri, 28/02/2025 2 Sun, 02/03/2025 0.00 6.00
      Fri, 28/02/2025 3 Mon, 03/03/2025 8,971.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -72,037.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 21/02/2025 14 Fri, 07/03/2025 41,046.00 6.26
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Fri, 21/02/2025 45 Mon, 07/04/2025 57,951.00 6.26
      Fri, 14/02/2025 49 Fri, 04/04/2025 75,003.00 6.28
      Fri, 07/02/2025 56 Fri, 04/04/2025 50,010.00 6.31
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       9,095.71  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     2,33,105.71  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     1,61,068.71  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on February 28, 2025 9,33,991.34  
         (ii) Average daily cash reserve requirement for the fortnight ending March 07, 2025 9,22,740.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ February 28, 2025 16,258.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on February 07, 2025 -1,973.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2013 dated January 27, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2024-2025/2286

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI Australia: Operation eclipse searches leads to biggest find yet

    Source: South Australia Police

    Police have seized over $2.38 million worth of illicit tobacco and $391,000 in cash in raids last week on premises in regional and metropolitan South Australia.

    Members from Serious and Organised Crime Branch, Financial and Cybercrime Investigation Branch and Whyalla searched fourteen premises in metropolitan and regional areas between 24 and 27 February as part of Operation Eclipse investigations.

    The locations searched included tobacconists, candy and gift shops, mini marts, commercial storage facilities, vehicles and residential premises.

    In searches of commercial storage facilities at Burton and Parafield Gardens, four large shipping containers containing illicit tobacco was located. The value of the tobacco located at these properties was approximately $2 million dollars. Police are aware that these storage facilities are being used to store tobacco, which is then used to supply illicit retail outlets.

    Two vehicle stops were also conducted at Port Wakefield and Salisbury resulting in illegal tobacco and cash being seized. These searches resulted in the largest seizure of illicit tobacco to date in South Australia. Investigations into the seizures are ongoing.

    Operation Eclipse commander Detective Chief Inspector Brett Featherby said the cash seizures demonstrates the significant amount of money being generated from the illicit tobacco market.

    “We seek to continue to disrupt their financial operations and criminal activity and pursue criminal charges where evidence exists”

    “SA Police will continue to investigate organised crime syndicates operating statewide through a whole of SA Police response. We will also target people supporting them as they evolve to prevent and suppress serious criminal activity and ensure community safety”

    Operations Eclipse has now searched a total of 136 premises and seized approximately $12.5 million in illicit tobacco products.

    Anyone with any information on criminal activities surrounding the sale of illicit tobacco is urged to call Crime Stoppers on 1800 333 000 or visit crimstopperssa.com.au, you can remain anonymous.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI: AGM Group Holdings Inc. Announces Pricing of $5.4 Million Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Beijing, March 02, 2025 (GLOBE NEWSWIRE) — AGM Group Holdings Inc. (“AGM Holdings” or the “Company”) (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the pricing of its public offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined public offering price of $0.33. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the Reset Date (as described in the warrants), and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares.

    Gross proceeds to the Company, before deducting placement agent’s fees and other offering expenses, are expected to be approximately $5.4 million. The offering is expected to close on or about March 4, 2025, subject to the satisfaction of customary closing conditions.

    Maxim Group LLC is acting as sole placement agent in connection with the offering.

    The securities above are being offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-282420) which was declared effective by the Securities and Exchange Commission (the “SEC”) on February 28, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at syndicate@maximgrp.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    About AGM Group Holdings Inc.

    AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit www.agmprime.com.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    AGM Group Holdings Inc.
    Email: ir@agmprime.com
    Website: http://www.agmprime.com

    Ascent Investor Relations LLC
    Tina Xiao
    President
    Phone: +1-646-932-7242
    Email: investors@ascent-ir.com

    The MIL Network –

    March 3, 2025
  • MIL-OSI China: Little Blue Houses go long way to boosting circular economy

    Source: China State Council Information Office

    Numerous plastic waste classification and recycling stations, known as Little Blue Houses, dotting the 6,715-kilometer-long coastline of Zhejiang province in East China, are playing a pivotal role in the fight against marine plastic pollution.

    These houses are a core component of the Blue Circle project, China’s largest environmental initiative aimed at addressing the pressing issue of marine plastic waste. In 2023, Blue Circle was given the Champions of the Earth award by the United Nations Environment Programme — the UN’s highest environmental honor.

    After local volunteers sort through recyclable plastic debris at the Little Blue Houses, the materials are transported to Zhejiang Vision-Blue Technology Co, a high-tech company specializing in marine sustainable development. From there, the waste is sent to a recycling facility where it undergoes a series of processes, including crushing, cleaning, melting and granulation.

    The journey of each piece of plastic, from coast to factory, is meticulously tracked using internet of things devices and blockchain, ensuring the traceability and transparency of the origin of the plastic. Each batch of marine plastic waste is assigned a unique QR code containing details of the full recycling process from start to finish.

    According to UNEP estimates, over 9 million metric tons of plastics enter the oceans annually. Plastic waste ending up in the sea ranges from microplastics to large debris such as bottles and bags, which can take hundreds of years to degrade, threatening the marine ecosystem.

    While recycling offers a potential solution to reducing the demand for new plastic production, and thus helping curb emissions from plastic manufacturing, incineration and landfills, it faces challenges in terms of collection logistics and high recycling costs.

    “The average price of recycled marine plastic pellets is 1.3 times that of primary plastic pellets. The good quality of marine plastics, coupled with their environmental and social benefits, justifies their premium price,” said Chen Yahong, director of the marine business unit at Zhejiang VisionBlue Technology Co.

    “Many clients, including international brands, are willing to pay more for recycled marine plastics, as it aligns with their growing sustainability needs,” she said.

    Recycled plastics from the Blue Circle project, including PET(polyethylene terephthalate) plastics derived from ocean waste, significantly reduce carbon emissions. The emissions from recycled PET are about a quarter of those associated from virgin PET.

    According to Chen, the recycled plastics of the Blue Circle project have helped reduce 3,900 metric tons of carbon emissions.

    These recycled materials are repurposed into a variety of products, including clothing, electronics, phone cases, stationery, shopping bags and T-shirts.

    Zhu Liyang, president of the China Association of Circular Economy, said: “The Chinese government has placed a strong focus on tackling plastic pollution, implementing comprehensive governance across the entire waste management chain. By recycling discarded plastics and ensuring proper collection, these materials can be reintegrated into the supply chain.”

    The circular economy is an important path to achieving green transformation, Zhu emphasized. “In recent years, there has been a noticeable shift toward green living and consumption, creating vast opportunities for the development of China’s circular economy,” he said.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI China: Companies expand footprint overseas

    Source: China State Council Information Office

    Cargo ships carrying steel products are heading toward African ports from Zhangjiagang Port in East China’s Jiangsu province, and canned beans from Yancheng, Jiangsu, are reaching the dining tables of Middle Eastern families, as local Chinese enterprises continue to expand their businesses overseas, according to Nanjing Customs.

    Chinese companies nationwide, not just enterprises in Jiangsu, are revving up their efforts to expand their footprint overseas and strengthen international cooperation.

    In the two weeks following the Spring Festival holiday, the China Council for the Promotion of International Trade said it arranged for eight groups of Chinese entrepreneurs to travel abroad for economic and trade activities.

    Representatives from more than 200 companies visited Kazakhstan, Germany, South Africa, Egypt, Ethiopia, Qatar, Saudi Arabia and the United Arab Emirates, the Beijing-based council said on Friday.

    “During the visits, the willingness of foreign companies to cooperate with China exceeded our expectations, and 33 cooperation intent agreements were reached, covering sectors such as finance, energy, infrastructure, automobile manufacturing and the digital economy,” said Yang Fan, a spokeswoman for the CCPIT.

    “This has fully demonstrated the strong desire and broad prospects for pragmatic cooperation between Chinese and foreign business communities,” she said.

    The more difficult the times, the more determined the global business community is to work together and achieve win-win cooperation, Yang said, noting that this is the greatest certainty that balances many uncertain factors in global economic growth.

    Unilateralism and protectionism can’t interfere with the main theme of economic globalization, she added.

    In mid-February, a delegation of Chinese entrepreneurs visited Kazakhstan and achieved better-than-expected results. During the two-day visit, representatives of enterprises from China and Kazakhstan signed eight cooperation agreements, including an energy strategic cooperation agreement and an agricultural products import and export agreement.

    The visit was aimed at deepening trade, investment and industrial and supply chain cooperation between China and Kazakhstan and further consolidating the permanent comprehensive strategic partnership between the two countries, the CCPIT said.

    Chinese entrepreneurs were also warmly welcomed in other countries, and Chinese and foreign business communities engaged in enthusiastic talks.

    In South Africa, the country’s Deputy President Paul Mashatile met with a Chinese business delegation in person, while in Germany, the management teams of major multinational corporations, such as Mercedes-Benz, BMW and Bosch, held in-depth talks with Chinese entrepreneurs, Yang said.

    In the UAE, officials from government departments and major business associations actively engaged in dialogues with Chinese entrepreneurs, she added.

    In the past few years, Chinese enterprises have shown strong willingness to promote industrial and supply chain cooperation with their foreign counterparts.

    Last year, the CCPIT organized a total of 2,249 business groups to visit 102 countries and regions, which means on average six Chinese delegations went abroad for business talks each day.

    Jiangsu Kanghui New Material Technology Co, an affiliate of Hengli Group, which focuses on the full production chain in oil refining, petrochemicals, polyester new materials and textiles, is a leading company in producing wide polyester films. A variety of polyester film products have rolled off its production line for exports.

    In particular, the company has been actively expanding its business in emerging markets such as the Association of Southeast Asian Nations, according to Nanjing Customs.

    “Last year, our products exported to ASEAN countries enjoyed preferential tariffs and received an exemption of 8.47 million yuan ($1.16 million), thanks to the China-ASEAN free trade agreement,” said Zhang Liping, director of imports and exports at Jiangsu Kanghui New Material Technology.

    “With preferential tariffs, our products have become more competitive in overseas markets. In 2024, the company’s export value in the ASEAN market reached $24 million,” Zhang added.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI China: UK PM announces new 1.6B-pound deal for Ukraine

    Source: China State Council Information Office 3

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar)

    MIL OSI China News –

    March 3, 2025
  • MIL-Evening Report: False economies: the evidence shows higher speed limits don’t make financial sense

    Source: The Conversation (Au and NZ) – By Timothy Welch, Senior Lecturer in Urban Planning, University of Auckland, Waipapa Taumata Rau

    Shutterstock

    Despite community resistance and legal push-back, the government isn’t slowing down on its plan to roll back speed limit reductions on many roads. In the process, it’s going against expert advice from transport officials and solid economic evidence showing the benefits of slower speeds.

    Documents recently released quietly by the New Zealand Transport Agency (NZTA) show Land Transport Director Brent Alderton raised serious concerns in 2024 about the proposed speed limit changes and urged decision makers to rely on evidence rather than ideology:

    There is well founded evidence, nationally and internationally, that establishes the link between vehicle speed and the likelihood of a crash occurring, as well as the severity and consequences of any crash.

    But the government is also bypassing evidence that contradicts its own justification that raising some speed limits will help increase productivity.

    A comprehensive economic assessment prepared by engineering consulting firm WSP for the NZTA in March 2024 (later released under the Official Information Act) analysed the impact of previous speed limit changes implemented between 2020 and 2023 (with one dating back to 2011). It found the reductions delivered substantial economic benefits to New Zealand.

    For road corridors with reduced speed limits, nearly 27 fewer deaths and serious injuries per year were recorded: “The crash cost savings generally outweigh the travel time disbenefits by a factor of 2 to 10 (or more).”

    In other words, for every dollar lost in slightly increased travel times, the report estimates New Zealand gains between NZ$2 and $10 in reduced crash costs.

    Economic benefits of lower speeds

    All the road corridors with reduced speed limits in the WSP assessment showed positive benefit-cost ratios using NZTA’s standard methodology. Even under various sensitivity tests, including if crash benefits were reduced or project costs increased, most speed reductions maintained positive ratios.

    But despite the local and international evidence showing lower speed limits save lives and money, the government persists in claiming raising some limits will reduce travel times and therefore increase productivity.

    In fact, everything points to any productivity gains from faster travel being significantly outweighed by increased crash costs. As of 2023, the Ministry of Transport estimates those costs at $769,400 per serious injury and $14,265,600 per fatality.

    When the WSP report was released, it projected traffic would experience mean speed reductions of between 5% and 9% on roads with lowered limits. This projection was based on actual changes in driving speeds recorded using GPS-based traffic data.

    The data showed these reductions resulted in actual death and injury savings “much greater than predicted”. While the observed speed reductions aligned with expectations, the projected safety benefits significantly underestimated the actual harm reduction.

    For example, on the Blenheim to Nelson stretch of State Highway 6, the predicted death and injury reduction was 22%, but the actual reduction was 82%. On State Highway 51, the reduction was 100% compared to an expected 31%.

    Conversely, where speed limits were increased from 100 km/h to 110 km/h, as on the Cambridge section of the Waikato Expressway in December 2017, deaths and serious injuries rose by 133% compared to pre-increase levels.

    In Auckland, dozens of urban corridors will soon see speed limits rise from 50 km/h to 60 km/h. The Auckland Transport agency will also raise the limit on one stretch of Te Irirangi Drive from 60 km/h to 80 km/h – exactly the kind of substantial increase the WSP report linked to dramatically higher crash risks.

    Expediency vs evidence

    Overall, the WSP report shows speed limit reductions worked better than expected at preventing harm, with significantly lower numbers of deaths and serious injuries annually across the studied corridors.

    It is likely the number of lives saved from these speed limit reductions are reflected in the 2024 road fatality statistics, where road deaths across New Zealand were below 300 for the first time in a decade.

    The director of land transport can only promise to “monitor” the impacts of the speed limit increases. In reality, there has been sufficient monitoring and measuring already to show speed limit reductions reduce harm as well as deliver economic benefits.

    But the speed limit issue fits within a broader pattern of transport policy where ideology or political expediency appear to trump expert advice and economic analysis.

    The government has frozen funding for cycling and walking projects, cancelled Auckland’s light rail plan, abandoned regional passenger rail initiatives and prioritised new highway construction over maintenance of existing roads.

    This is despite economic assessments consistently showing better benefit-cost ratios for public and active transport investments than for new road projects.

    Such decisions also contradict the government’s own climate commitments and overlook mounting evidence that car-centric transport planning worsens congestion rather than alleviating it.

    Similarly, economic assessment shows unequivocally that the financial benefits of lower speeds and safer roads far outweigh the costs. If economic rationality were the driving force behind transport policy, speed limit reductions would be expanded rather than rolled back.

    Timothy Welch 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. False economies: the evidence shows higher speed limits don’t make financial sense – https://theconversation.com/false-economies-the-evidence-shows-higher-speed-limits-dont-make-financial-sense-251138

    MIL OSI Analysis – EveningReport.nz –

    March 3, 2025
  • MIL-OSI Global: The only ‘winner’ here is Putin: Ukraine unites in response to Trump-Zelenskyy spat and resigns itself to new reality

    Source: The Conversation – USA – By Lena Surzhko Harned, Associate Teaching Professor of Political Science, Penn State

    A trap or a misstep? Ukrainian President Volodymyr Zelenskyy sit-down with Donald Trump and JD Vance heads south. AP Photo/ Mystyslav Chernov

    “A president just disrespected America in the Oval Office. It wasn’t Zelenskyy.”

    That was the verdict of the editorial team at the Kyiv Independent, one of Ukraine’s leading media outlets, on a remarkable spat in the Oval Office that played out on Feb. 28, 2025.

    The online newspaper European Pravda characterized the “quarrel at the highest level” as a diplomatic failure, but added that it was “not yet a catastrophe.”

    Some Ukrainians I have spoken to since the fractious encounter, during which Ukraine’s Volodymyr Zelenskyy was repeatedly hectored by U.S. President Donald Trump and Vice President JD Vance, have indeed characterized it as disastrous for the country. But for others, the incident has been calmly accepted as the new reality in U.S.-Ukraine relations.

    There have been some questions directed at Zelenskyy – did he allow himself to be baited into an an argument that could have real consequences? Should he have remained silent? But for the most part, the treatment of Ukraine’s president by Trump and Vance has produced a presumably unintended consequence: It has unified a war-weary Ukrainian people.

    As one friend who has been displaced by war from the now occupied city of Nova Kakhovka told me, there has not been this level of mobilization and patriotism in three years.

    ‘The country needs unity’

    This unity is seen in the response across Ukraine’s political divide.
    Petro Poroshenko, an often outspoken opponent of Zelenskyy and leader of the opposition party European Solidarity, said on March 1 that, to the surprise of many, he will not criticize Zelenskyy’s performance at the White House. “The country does not need criticism, the country needs unity,” he said in the video posted on X.

    Anecdotally, even those Ukrainians who did not vote for Zelenskyy have told me that events in the Oval Office made them feel more supportive of Zelenskyy.

    However, a sense of realism is sinking in over the shifting stance of the U.S. administration. Trump’s stated trust in Vladimir Putin and his conciliatory comments over Russian aggression – including a refusal to acknowledge Russian war crimes – have, for many Ukrainians, set low expectations that the White House can help achieve a quick and lasting peace. Yet, as Inna Sovsun of the opposition party Holos noted, “It was difficult to watch a president who’s been a victim of Russian aggression being attacked by the leader of the free world.”

    Setting the record straight

    The Feb. 28 meeting between the U.S. and Ukrainian leaders followed weeks of increasingly harsh Trump rhetoric toward Zelenskyy. Since being inaugurated on Jan. 20, Trump has called the Ukrainian leader a “dictator without elections,” claiming – incorrectly – that Zelenksyy had 4% approval ratings. He also indicted that the invasion by Russian troops in February 2022 was Ukraine’s fault.

    Such comments had already made Ukrainians rally around Zelenskyy, who has a healthy 63% approval rating, according to the latest polls.

    The ugly scenes in the Oval Office could see a further rallying around Zelenskyy, especially if he can successfully characterize his role in the dispute as that of defender of his people. Doing so would tap into growing popular resentment over the new U.S. administration’s apparent unwillingness to acknowledge Russian war crimes.

    Large U.S. and Ukrainian flags hang on the Kyiv River Port building on March 2, 2025 in Kyiv, Ukraine.
    Photo by Pierre Crom/Getty Images

    In the days leading up to the Zelenskyy-Trump meeting, the U.S. voted with Russia against a United Nations resolution condemning Russian aggression and opposed the wording of a draft G7 statement marking the third anniversary of the war, which depicted Russia as the aggressor.

    Letting Putin off the hook

    The angry exchanges in the Oval Office seemed to have been sparked by Zelenskyy’s objection to Trump’s assertion that Russian President Vladimir Putin is a man of his word.

    That refusal to call out Putin – who faces an arrest warrant from the International Criminal Court – angers Ukrainians who have suffered Russian aggression for three years. To hammer that point home, Zekenskyy showed Trump and others in the Oval Office photos of Ukrainian prisoners of war who return from Russian captivity tortured and abused.

    As Ukrainian human rights lawyer and Nobel Prize winner Oleksandra Matviichuk noted in a Feb. 17 speech, 65% of Ukrainians polled early in the conflict said their main disappointment in ending the war would be “impunity for Russian crimes.” Three years of conflict will have only hardened that sentiment – yet the U.S., under Trump’s leadership, looks increasingly willing to let Putin off the hook.

    Defender of the nation – and truth

    A large section of Ukrainian media – both traditionally pro- and anti-Zelenskyy alike – have since Feb. 28 portrayed the president in the role of a defender of both his nation and the truth.

    He was, this framing has it, forced into the difficult position of having to set the record straight and challenge untrue statements in real time, and in front of the seemingly antagonistic leader of the world’s largest economy, whose support has been crucial in Ukraine’s attempt to repel the invading Russian army.

    To some, keeping silent would have been tantamount to capitulation, but others have questioned Zelenskyy’s approach.

    While still maintaining that Zelenskyy’s key message was correct, some Ukrainians have suggested that his emotional tone in the Oval Office was not constructive.

    Opposition lawmaker Oleskiy Goncharenko suggested in an interview on CNN that Zelenskyy should have been more “diplomatic” and more “calm” given that the stakes were so high.

    Meanwhile, there were also those who questioned the decision to hold such an important conversation in front of the press, especially without the use of professional translators who potentially could have tamped down the rhetoric and slowed the pace of the exchange. Thus, as Tymofiy Mylovanov, the adviser to the office of the president and head of the Kyiv School of Economics put it, some things could “have been lost in translation.”

    ‘Zelensky is our democratic leader’

    So where does the Oval Office dispute leave both Zelenskyy and U.S.-Ukrainian relations?

    In the aftermath of the dispute, Republican Sen. Lindsey Graham – who has been a staunch supporter of Ukraine – suggested that Zelenskyy should resign, the implications being that his relationship with Trump was so broken that his presence is now counterproductive for Ukraine’s priorities.

    It is a line that hasn’t gone down well in Ukraine. Kira Rudyk, the leader of opposition party Holos, retorted that it was up to the Ukrainian people alone to decide on their leadership and future.

    Moreover, to many Ukrainians the barrier to harmonious Ukraine-U.S. relations is not Zelenskyy, but Trump.

    Mustafa Nayyem, who served in Zelesnkyy’s government, summed up the view of many Ukrainians by claiming in a social media post that the Trump administration “does not just dislike Ukraine. They despise us.” The “contempt is deeper than indifference, and more dangerous than outright hostility,” he added in the Feb. 28 post.

    Intentional provocation

    Serhii Sternenko, a Ukrainian activist lawyer and blogger, described the Oval Office spat as an intentional provocation on behalf of Trump to discredit Ukraine as an unreliable partner in the peace negotiations.

    Sternenko is not alone in his assessment. Journalist and blogger Vitaly Portnikov argued that the spat was the result of Trump’s unrealistic promise of ending the war quickly being confronted with the reality that perhaps Russia does not want to make any concessions. The thinking here is Putin has shown no indication that he will bend on his war goals, so for Trump, framing Zelenskyy as “not ready for peace” allows the U.S. president to walk away from his campaign promise without accepting defeat.

    Among friends: Zelenskyy with Britain’s Prime Minister Keir Starmer and France’s President Emmanuel Macron on March 2, 2025.
    Justin Tallis – WPA Pool/Getty Images

    A new reality

    Beyond the headlines and initial reactions from Ukrainian politicians, journalists and civilians, there is also another sentiment that is emerging: resignation to the new reality.

    Most Ukrainians want an end to war, but in a way that preserves their sovereignty and guarantees future security. Until recently, that was shared by the occupants of the White House. It is becoming increasingly clear to many Ukrainians that, in regards the war in Ukraine, the U.S. will play a different role under Trump – meaning Ukraine will increasingly look to European leaders as primary partners.

    Perhaps Goncharenko, the opposition member of Ukraine’s Parliament, best summed up the consequences of the Oval Office spat: “It was not Ukraine, it was not the United States who won … it was Putin.”

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

    – ref. The only ‘winner’ here is Putin: Ukraine unites in response to Trump-Zelenskyy spat and resigns itself to new reality – https://theconversation.com/the-only-winner-here-is-putin-ukraine-unites-in-response-to-trump-zelenskyy-spat-and-resigns-itself-to-new-reality-251228

    MIL OSI – Global Reports –

    March 3, 2025
  • MIL-OSI Australia: We must not risk going backwards on racism

    Source: Australian Human Rights Commission

    Nearly every day, my phone buzzes with messages of distress: community leaders, faith groups, families and individuals from all walks of life, each carrying the weight of racism’s impact.

    A mother fearful for her child’s safety calls after yet another racial slur at school. A faith leader grapples with hate targeting their congregation. A teacher gets in touch because they confront racism daily.

    The stories are different, but the pain is the same – frustration, exhaustion, asking what can be done. The hard-fought progress that we have made towards equality is being challenged before our eyes and we cannot risk going backwards.

    Bearing witness to what many others do not see, and supporting those affected, is a responsibility I do not take lightly. I cannot do it alone, however. Everyone has a role to play.

    Last week, a Jewish doctor emailed me asking how we can stop anti-Semitism after the confronting video of two nurses in Bankstown saying they would kill Israeli patients. The tone in his email was urgent. He was concerned for the safety of Jewish healthcare workers and patients.

    In his email, he focused on the need for education and building an understanding of racism, but I could feel his frustration.

    In the weeks prior, a Muslim woman sent me messages about white supremacists letterboxing in Adelaide. She sent me screenshots of the abhorrent leaflets and asked what I could do to get police to take the matter more seriously. Again, frustration.

    The weeks before that, it was messages from members of the Indian community, sending me videos of racism towards Indian fans at the cricket. Bewildered, they also asked me what could be done.

    Each reflect a system failure that enables racism: a health system where staff and patients feel unsafe; a justice system that is focused on criminalising offences after the harm is done, rather than early community-led prevention; a sporting sector that cannot protect victims of racism.

    The thing about systems is that they can be fixed, when we know how to diagnose the problem.

    For those who are unfamiliar with racism, it is easier to imagine its more overt forms. People are familiar with the racist uncle you see once a year, or the one racist person at work whom your colleagues tolerate because they’re part of the furniture.

    The reason why it’s easy to imagine this form of racism is because it is easy to separate ourselves from it. We tell ourselves we do not do that and we move on.

    For those who are familiar with systemic racism, we know that it is everywhere. Many of the examples I hear sit with me long afterwards.

    One was of a Palestinian child whose picture of a Palestinian flag was thrown in the bin by their teacher. Another was of an African-born mother whose son was told that he could not walk onstage to accept his first ever academic award because his hairstyle didn’t conform to school standards.

    When his mother raised it with the all-white school executive and administration, she was dismissed and told rules must be upheld. She was persistent, however, and produced photos of white kids with much longer hair who were allowed onstage. Eventually, the school conceded it was wrong, but the damage had been done.

    At no point in this story is there name-calling or the hurling of abuse. The school claimed it was applying the rules equally to everyone. Yet it is another example of the pervasive nature of systemic racism and the way it operates.

    African hair did not fit the school rules, and without the courage and resilience of an African mother nothing would have happened. The burden to challenge racism falls too greatly on its victims.

    Late last year I launched the Australian Human Rights Commission’s National Anti-Racism Framework. The framework comes at a time when race is on the front page of our newspapers every other day. Anti-Semitism, anti-Arab racism, anti-Palestinian racism and Islamophobia are on the rise, with disgusting displays of hate and racist violence becoming more frequent across communities.

    In this climate, I cannot think of a more pressing need for a national approach to ending racism. Solutions to systemic racism are in everyone’s best interest. A society where everyone can flourish benefits us all.

    Systemic racism is like cancer. The tumours can be removed, but the cancer will keep making us sick until we confront its source.

    It is an illness that began 237 years ago. As Stan Grant wrote, “Racism isn’t killing the Australian dream. The Australian dream was founded on racism.”

    When I meet with First Nations communities, one of the common threads among the conversations is that colonisation is not just a date in history but an ongoing reality. It has impacted every institution and informed every dominant way of thinking since 1788.

    So, when we talk about systemic racism in Australia, we are talking about systems that have been built to advance the interests of colonising white settlers. These systems don’t consider or protect the interests of First Nations people and others who experience racism.

    Our education system is built for white knowledge and our workplaces elevate white people into leadership by default. This is not just a mere inconvenience for people who experience racism – these systems cause harm to communities, so that those who benefit can thrive.

    We only need look at the over-imprisonment and harm experienced by First Nations people within our legal system for an example of the systemic bias baked into our society.

    To say, then, that it can be disheartening when my bid to call out systemic racism falls flat is an understatement.

    Recently I’ve even been asked why I’m so focused on race when we’re facing serious levels of economic and class inequality, which can also impact white people. For those who feel the harms of racism, however, these issues are deeply intertwined.

    Migrant workers of colour have become even more vulnerable to exploitation in order to keep their jobs. Worse, economic inequality is exploited by racist rhetoric that blames migration for what are far more complex and deeply entrenched problems.

    When migrants are blamed, too often the only signal as to whether someone is a migrant is the colour of their skin. Race compounds the inequality experienced in hard times and is vital to consider when we chart the way forward.

    The commission’s National Anti-Racism Framework has 63 recommendations for eliminating racism. They span government, education, healthcare, justice, workplaces and the media.

    The framework calls for a hard look at the composite parts of our nation. We need to examine the insidious way in which racism has made its nest in almost every facet of Australian life. Then we need to deploy our tools: law reform, new policies, relevant training and whatever else is needed to dismantle racism at its roots.

    In education, this means making the need for anti-racist education explicit in curriculums from early childhood through to our tertiary institutions. In healthcare, this means partnerships and shared decision-making with at-risk communities, so that those who are most harmed by racism in our healthcare system have a stronger, louder voice.

    Online, it means better regulation of racist hate. It means a more coordinated anti-racist approach to collecting data on racism.

    Across sectors, we have also outlined the need to deepen our understanding of how racism continues to be upheld, with a mandate to prevent and eliminate these vicious cycles. We’ve highlighted that listening to and valuing the leadership of First Nations people is essential to this work.

    We are at a critical juncture where race and racism need to go from “too hard” to actionable, durable solutions. The longer we leave things to fester, the more severe the outcome. It is our collective responsibility to act now and do more.

    Racism is estimated to cost the Australian economy $37 billion each year. It would cost a fraction of that to implement the recommendations put forward in the National Anti-Racism Framework.

    It is not good enough to expect those who are most affected by racism to be responsible for calling out and addressing racism in their schools, at work and in the community at large. We need a more preventive, systemic response.

    Many people came forward as we developed the framework to share the ways racism has diminished them, and to offer their solutions for change. We all deserve to live without fear and with dignity.

    Our next step in the journey must be one that results in a fairer and more equitable society that allows us all to be our whole selves. A united commitment will lay the foundations for a safer future where everyone can thrive free from the damaging impacts of racism.

    We need our leaders in politics, civil society and business to be brave. They’ve been handed a road map. It’s time for the rubber to hit the road.

    This article was first published in the print edition of The Saturday Paper on March 1, 2025 as “How to fight racism”.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Economics: African Development Bank reiterates commitment to bold action on energy and climate finance at 2025 Finance in Common Summit

    Source: African Development Bank Group

    Energy access and sustainable finance took center stage at the 2025 Finance in Common Summit, where two roundtable discussions addressed critical financing gaps and highlighted pathways to achieving universal energy access in Africa. 

    During the discussions, the African Development Bank reiterated its commitment to unlocking investment for Africa’s energy future and scaling climate financing as part of its recently-launch Mission 300 initiative, in anticipation of COP30.

    With 600 million people in Sub-Saharan Africa still without electricity, the urgency of addressing energy access cannot be overstated. The first roundtable convened Local Finance Institutions (LFIs), national and local governments, utilities, and private sector leaders to explore solutions to financing constraints. Participants shared best practices, tackled investment bottlenecks, and discussed innovative de-risking mechanisms for energy projects.

    “LFIs are the lifeblood of our economies, possessing a unique understanding of local contexts, needs, and opportunities,” noted African Development Bank Vice President, Nnenna Nwabufo, who moderated the session. “They are essential for mobilizing the necessary capital, fostering local entrepreneurship, and scaling sustainable energy projects.”

    While significant progress has been made in expanding energy access across Africa, major challenges remain. In January 2025, the Mission 300 Energy Summit generated strong political momentum, with 48 African Heads of State committing to accelerating policy reforms, and 12 countries presenting National Energy Compacts outlining clear targets for energy access.

    Backed by the World Bank, the African Development Bank and other development partners, Mission 300  aims to provide  300 million Africans with electricity access by 2030. “This ambitious goal is within reach, but it demands concerted action, innovative financing solutions, and strong partnerships,” emphasized Nwabufo.

    However, financing remains a major bottleneck, particularly for last-mile connectivity and off-grid solutions. Public development banks and local finance institutions play a pivotal role in mobilizing the estimated $170 billion needed to achieve universal access. “Traditional financing models often fall short in meeting the specific needs of local communities and small-scale energy projects…this is where LFIs, with their local expertise, can make a transformative difference,” Nwabufo added.

    Private funds such as the Gaia Energy Impact, a venture capital firm dedicated to renewable energy, are crucial for financing early-stage innovation and making projects investment-ready to attract more capital. “However, de-risking tools provided by public institutions, such as concessional funding, blended finance and guarantees, play a major role in leveraging private capital,” explained Hélène Demaegdt, President and Founder, of the impact fund.

    A united vision for the future of energy access

    The second roundtable shifted focus to Latin America and the Caribbean (LAC), where development banks have been at the forefront of climate finance. Experts from sovereign wealth funds, vertical funds, and private investors joined key institutional players to explore pathways for scaling sustainable financing.

    With COP30 on the horizon, panelists emphasized the importance of a robust taxonomy to attract global capital. Brazil’s pioneering efforts—through initiatives like the Brazil Climate and Ecological Transformation Investment Platform (BIP) and Eco Invest Brazil—served as a model for emerging markets.

    “As we move to COP30 we are committed to doubling down on looking at all sources of revenues and pulling all levers,” said Tatiana Rosito, Secretary for International Affairs for Brazil’s Ministry of Finance.

    Discussions reinforced the necessity of blended finance models, philanthropic support, and sovereign wealth funds to bridge the climate adaptation and mitigation financing gap. The session set the stage for deeper engagements leading up to COP30, ensuring that emerging markets secure the capital needed for a just energy transition.

    “COP30 will be a defining moment for Africa and the world. We cannot afford another cycle of pledges without action,” insisted Nwabufo.

    “This needs to be an accountability COP,” echoed Mafalda Duarte, Executive Director of the Green Climate Fund. “We need less big announcements but more giving a sense of trust and confidence that we will focus deliberately on critical partnerships, implementation and results.”

    Duarte also emphasized the need to broaden the investor base beyond multilateral development banks. “We know that the private investors are not doing as much as they could and should, so should be included as part of a more integrated narrative.”

    “We must demonstrate that finance will not remain a barrier to Africa’s sustainable future but a catalyst for shared prosperity. It is not just about securing financing for Africa’s climate goals; it is about demonstrating that investing in Africa’s climate resilience is smart economics, benefitting both Africa and the global economy,” Nwabufo affirmed.

    MIL OSI Economics –

    March 3, 2025
  • MIL-OSI Australia: Australia’s energy transition: capitalising on global investment shifts post-US election

    Source: Allens Insights

    An increasingly complex global environment 13 min read

    Within hours of his inauguration on 20 January 2025, President Trump signed almost 100 executive orders and issued several memorandums and announcements. These included a wind-back of the Inflation Reduction Act (the IRA), withdrawal from The Paris Agreement, halting approvals for new offshore wind farm projects, fast-tracking approval processes for fossil fuels and implementing tariffs on Canada, China and Mexico, some of which were subsequently paused.

    It is early days, so there is limited evidence as to whether this will result in a meaningful change to actual investment allocations in sectors such as renewable energy, but it certainly demonstrates that the global investment environment is becoming increasingly complex, and we believe there is potential for some portion of capital to be redirected away from the US.

    While a potential global reallocation of debt and equity capital and other key energy transition resources such as labour and equipment may be advantageous for a number of countries, the extent to which Australia will be able to capitalise on these opportunities will be tested by the many existing challenges that remain and need to be solved.

    In this Insight, we reflect on the potential consequences of recent policy changes in the US following the re-election of the Trump administration and how this may impact the energy transition in Australia.

    Key takeaways

    • The winding back of the Inflation Reduction Act and other renewables policies under the new US administration may lead to a global redirection of capital away from the US to other jurisdictions, with the reallocation of key resources such as labour and materials easing global supply chain pressures in some pockets.
    • Features specific to Australia’s clean energy market, including our debt and equity markets, and supportive legislative environment may be attractive to certain classes of investors seeking to reallocate capital that was previously earmarked for the US.
    • Similarly, certain local projects experiencing challenges with labour and materials shortages will welcome the potential redistribution and freeing up of such resources.
    • However, the upcoming federal election adds uncertainty to the future direction of Australia’s clean energy policy. Anti-ESG sentiment, fuelled by the renewed emphasis of this theme from the US, may have a further chilling effect on investor confidence.
    • In addition to political uncertainties, Australia’s energy transition continues to face domestic challenges such as approval and connection delays, skilled labour and materials shortages (which are not easily solved even if there is a global redistribution of such resources), and a slow transmission infrastructure build-out. These challenges need to be addressed to fully attract inbound capital.
    • While recognising the very real ongoing local challenges, on the global stage Australia will still be viewed as an attractive investment destination for renewable energy, including relative to the US and parts of Europe. The competitive advantages that are specific to the Australian renewables sector will help Australia compete for the redirection of global capital flows.

    Recent policy changes in the US

    The new US administration has wasted no time in implementing executive orders with the intention of sending policy signals and directing investment in the energy industry in the US in the short to medium term. While the policy situation in the US continues to change on a daily basis, key policies and actions that are expected to directly curb investment in the renewable energy industry in the US are:

    Winding back of the IRA

    Trump’s ‘Unleashing American Energy’ executive order pauses the disbursement of funds allocated under the IRA. This will have direct impacts on existing and planned energy transition projects, including Australian investment into the US in areas such as hydrogen.

    While the IRA is not expected to be fully repealed given a number of projects benefiting from the IRA are in Republican states, the change in stance under the new administration certainly represents a significant shift in direction, given that—up until the commencement of the new administration—the IRA was widely promoted as the single biggest climate investment in US history, with more than US$369 billion of government spending earmarked for energy transition projects, including a vast range of renewable energy technologies. Indeed, it is estimated that as at January 2025, the IRA in its previous form had attracted nearly US$500 billion of investment in low carbon energy and domestic manufacturing, with private investment exceeding public spending by five to six fold.1

    Offshore wind ban

    The withdrawal by President Trump of the Offshore Continental Shelf (OCS) from wind energy leasing is anticipated to create major hurdles for the offshore wind industry in the US. The terms of the withdrawal will mean new offshore wind projects are unlikely to get off the ground, as they will not be able to get leases on the OCS. Projects with existing leases may also be at risk of review, which may result in revisions to the sizing of such leases, or even their cancellation.

    Drill, baby drill

    Trump’s energy strategy pivots away from the clean energy initiatives under the Biden administration towards a prioritisation of oil and gas. Through a number of executive orders, President Trump has decreased regulatory roadblocks to new oil and gas projects, expanded the areas in which hydrocarbon exploration can take place, restarted approval processes for LNG export projects and initiated a renewed push for the adoption of fracking across the US mainland.

    As a result, the US will immediately become a more attractive destination for oil and gas companies to deploy capital and develop new projects. This is in distinct contrast to the Australian investment landscape. Despite the change in the discourse relating to gas that we’ve seen over the past few years, with both the federal and various state governments now publicly calling out the role of gas as an important part of the energy transition, new projects are still facing long delays in securing approvals and opposition from community groups.

    Anti-ESG investment sentiment

    All of these and many other actions and policies under the new US administration have contributed to a further rise in anti-ESG investment sentiment. Globally, and in part as a possible reaction to that sentiment, we have seen major financial institutions and asset managers pulling back from public net zero and other climate-related commitments.

    Australia’s clean energy investment landscape

    Australia’s clean energy landscape is likely to be influenced by a number of global shifts arising from key US policy changes, including the global reallocation of debt and equity capital, disruption and redistribution of supply chains, key materials and labour, and a changing political environment and public sentiment.

    While these shifts may, in some respects, be positive for Australian clean energy projects and investment, our energy transition continues to face significant challenges. The impact on energy policy following a possible change in federal government is significant, with uncertainty around whether a number of the key initiatives pursued over the past few years will continue. These include the Rewiring the Nation initiative, which funds the construction of new transmission infrastructure, and the offshore wind industry which is underpinned by federal legislation. Of course, there is then the issue of the Coalition’s nuclear policy and how this might impact the direction of the energy market in Australia.

    In addition to this sovereign risk, Australia continues to grapple with significant approval delays and transmission connection issues for energy transition projects, preventing developers from fully capitalising on the opportunity to attract capital. We will cover these issues in more detail in future Insights in this series.

    Many of the orders and policies under the Trump administration are expected to:

    • present significant hurdles for new projects in the US (particularly in the renewable energy sector and generation projects both onshore and offshore);
    • create or exacerbate delays and challenges for certain existing US projects, some of which may be shelved or abandoned completely; and
    • increase political and social complexity and scrutiny of investment policies that are explicitly linked to decarbonisation or climate-related targets.

    In particular, the winding back of the IRA is expected to result in capital of up to US$80 billion being diverted away from the US.2 Should this eventuate, a huge global reallocation of capital can be expected to occur, potentially creating new opportunities for certain segments and projects in the Australian energy sector.

    Emerging technologies and non-traditional revenue structures

    While Australia benefits from a mature, sophisticated and liquid project finance market, for certain clean energy projects, such as those involving newer and emerging technologies or non-traditional revenue profiles (like hydrogen, batteries and other storage assets), there is often a need for support from a range of traditional and non-traditional funding sources. These can include government lender support or private debt providers who may be willing to provide greater flexibility in their terms for certain projects that are higher up the risk curve given their different investment mandates and risk appetite.

    The capital expected to ‘free up’ as a result of a more challenging investment environment in the US will come from a wide range of sources, including commercial banks, private debt lenders and funds. With strong existing liquidity in the Australian project finance bank debt market, we see opportunities for non-traditional lenders, particularly private debt lenders who may be looking to reallocate their investment, to increase their participation in the Australian energy market, especially on projects involving emerging technologies or with non-traditional revenue profiles. We may see more of those types of lenders providing standalone funding or supplementing and sitting alongside traditional bank debt and government funding on certain clean energy projects.

    This activity may be facilitated by other current features of the Australian market, such as the RBA recently starting a gradual easing cycle on interest rates, as well as industry-specific features that support new project development and funding, such as legislated emissions reduction targets, and government-led funding and revenue underwriting initiatives, at both a federal and state level, such as the Commonwealth Capacity Investment Scheme and NSW’s Electricity Infrastructure Roadmap for renewable energy zones and Long Term Energy Services Agreements. It remains to be seen what effect the Australian election outcome may have on federal energy policy, and we have already seen a shift in Queensland in terms of government support for energy transition-related targets and projects.

    M&A activity and expansion of energy platform investment

    On the equity side, for similar reasons noted earlier, we anticipate that Australia should be viewed as a relatively attractive jurisdiction for increased investment from equity investors who may be pulling back their investment allocations in projects in the US. In the Australian context, potential increased equity interest from investors looking for scale and diversification may further drive the proliferation of energy platforms and portfolios. This is a major trend that has proven to be highly attractive and viable for sponsors in the local market across the past 12-24 months, leading to a number of platforms and portfolios becoming available in the pipeline and seeking to be connected with equity and debt capital providers. Investors with more specific asset or technology-based mandates may also look to increase their investment in sectors that have proven to be increasingly bankable, such as the utility-scale batteries sector or, depending on their investment mandate, sectors involving more emerging technologies.

    The extent to which these potential opportunities will result in a net benefit for Australia will be tested by a number of existing sector challenges. These include political uncertainty and a possible pullback by certain investors from the sector generally in the context of heightened scrutiny from stakeholders around ‘environmental agendas’. We have also seen a retreat by certain investors from some technologies such as utility-scale solar, and there are, of course, the pain points with permitting, connection, access and social licence affecting all projects. All of these factors lessen competition for assets, placing downward pressure on returns and presenting issues for Australia as an investment destination for capital seeking a home.

    The significant hurdles, delays and other challenges for renewable energy projects in the US, combined with more general measures such as tariffs, leading to potential trade wars, are expected to significantly disrupt supply chains, key materials and labour. Looking at some of Australia’s existing challenges under these themes, we anticipate that there may be upside for certain segments of the clean energy industry.

    Labour and supply chain opportunities

    The redistribution of resources such as labour and equipment that is no longer required for projects in the US may present opportunities for Australian projects such as solar, wind and storage, as well as facilitating the buildout of transmission infrastructure. Shortages in skilled labour and materials have been a key hurdle facing Australia’s ambitious pipeline of energy development projects and transmission infrastructure buildout. Key equipment and components for energy projects are in high demand globally. Production slots for these items can be booked out years in advance and prices have continually been increasing. Program timing for these large-scale projects is critical, with delays resulting in projects losing their position in the queue for both key components and grid access, which is contributing to cost overruns and blowouts.

    While there is no easy solution to existing supply chain problems, we expect that a redistribution of supply of material, transportation and labour resources away from the US may provide some assistance with overcoming these challenges.

    Offshore wind sector

    The sweeping actions taken by the Trump administration raise serious concerns for the offshore wind industry in the US. From a global perspective, it will mean a huge volume of such development projects may be withdrawn from the US or delayed for some time. In addition to the associated equity and debt investment that will no longer be deployed for those projects and will therefore need to be reallocated, this also means key resources such as contractors, suppliers and operators, as well as key materials, transportation and components, which were previously committed to that project pipeline, will become available globally. The freeing up of some of these resources may assist to address existing shortages in the Australian offshore industry.

    This redistribution presents opportunities for Australia, in particular when we consider some of the current regulatory and policy settings already in place for our offshore wind industry. While still in its early stages, the federal and Victorian governments have been at the forefront of developing an offshore wind market in Australia, with the introduction of an offshore electricity licensing framework at a federal level and a clear policy direction from the Victorian Government outlining its offshore wind targets.

    That said, the offshore wind industry in Australia is still very much in its infancy, and the progress that has been made under current Labor governments at the state level is at risk of being paused or wound back should we see a change of federal government at the upcoming election.

    The substantial shift in stance that the new US administration has taken on energy policy has heightened criticism of energy investment from certain political and social voices and, relatedly, has contributed to a general anti-ESG and anti-woke narrative.

    This increases the complexity of the investment environment surrounding the energy sector globally. In Australia, we see this potentially amplifying certain political and social licence challenges, but will not necessarily be a significant detractor from opportunities for the energy transition in Australia given that, as an investment destination, it remains attractive relative to other parts of the world.

    Emboldening political and community challengers

    We expect to see key planning and environment approvals required under federal and state legislation remaining a challenge for developers, both in terms of delays in securing those approvals and increasingly stringent assessment requirements and conditions once those approvals have been obtained.

    This may be exacerbated depending on the outcome of the upcoming federal election this year. The Coalition has taken a considerably stronger stance against renewables generally, and this may be further fuelled by the renewed emphasis on anti-ESG investing and anti-woke sentiment from the US. For example, we have seen the federal opposition’s recent announcement of its intention to revoke the Southern Ocean Offshore Wind Zone if elected, criticism from federal opposition leader, Peter Dutton, of ‘woke’ bankers who refuse lending to certain sectors on environmental grounds and a promise that, if elected, the opposition would unwind emissions reporting rules that came into effect on 1 January.

    Similarly, we may see community opposition and social licence challengers emboldened by that anti-ESG and anti-woke narrative. In the context of the build-out of generation and transmission projects, this may result in even more protracted stakeholder consultation and negotiations with underlying tenure owners, as well as legal challenges to approved and operating projects.

    Green lending and investment policies

    There is increased complexity and uncertainty around ESG investment and, as part of that, renewable energy investment. As discussed earlier, the political climate in the US has contributed to this and that climate is potentially emboldening certain local political players to more explicitly support policies that curb renewables investment. It may be that we see Australian businesses feeling pressure to follow what we have seen globally in terms of businesses withdrawing or distancing themselves from explicit climate-related commitments. However, we see limited evidence and rationale that this alone will drive a substantive diversion of capital away from the renewables sector, especially where the investment case for projects is commercially and scientifically compelling.

    Further, while we have seen certain anti-woke and anti-ESG sentiment echoed in Australia and specifically in the renewable sector, this has not been at the same level of intensity as in the US and so, from that perspective, it is another consideration for investors who are seeking to redeploy capital that was previously committed to US renewables projects, when assessing Australia as a relatively appealing destination.

    That said, shifts in sentiment against ESG agendas will certainly add to the already growing scrutiny from corporate, political and community stakeholders, and this may become more pronounced should there be a change of government at the next election. Against this backdrop, to ensure the Australian renewables sector can capitalise on the potential opportunities presented by the global reallocation of capital and resources, it has never been more important to demonstrate a compelling investment case to equity and debt investors. Crucially, this will involve continued work to overcome the many industry, community and project-level hurdles in the sector.

    Looking to the future

    Despite these local challenges, there remain many reasons why Australia should still be viewed as an attractive investment destination for renewable energy. The advantages Australia has in terms of its stable legal and political system (including bipartisan support for 2050 net zero targets and significant government support for industry at both state and federal level) and its vast, high quality renewable energy sources will continue to bolster Australia’s ability to compete for global capital flows.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI China: UK PM announces new 1.6-bln-pound deal for Ukraine to buy missiles

    Source: China State Council Information Office

    British Prime Minister Keir Starmer (L) shakes hands with visiting Ukrainian President Volodymyr Zelensky in front of 10 Downing Street in London, Britain, March 1, 2025. [Photo/Xinhua]

    British Prime Minister Keir Starmer announced on Sunday that Britain will allow Ukraine to use 1.6 billion pounds (2 billion U.S. dollars) of British export finance to purchase more than 5,000 air defense missiles.

    “This will be vital for protecting critical infrastructure and strengthening Ukraine,” Starmer told a press conference following a summit with Western leaders in London.

    The goal is “to put Ukraine in the strongest position” so the country can negotiate from a position of strength, he added.

    Western leaders, including more than a dozen European heads of state and Canadian Prime Minister Justin Trudeau, gathered in London on Sunday for a defense summit aimed at advancing a peace plan for Ukraine.

    Starmer said leaders at the summit had agreed on a four-step plan to guarantee peace in Ukraine: to maintain military aid to Ukraine while the conflict continues and increase economic pressure on Russia; to ensure that any lasting peace guarantees Ukraine’s sovereignty and security, with Ukraine at the table for any negotiations; to deter “any future invasion by Russia” in the event of a peace deal; and to establish a “coalition of the willing” to defend Ukraine and uphold peace in the country.

    The leaders also agreed to meet again soon to sustain the momentum behind these efforts, Starmer said.

    The prime minister reaffirmed Britain’s commitment to supporting the peace plan with “boots on the ground, and planes in the air.”

    “Europe must do the heavy lifting,” he said, emphasizing that the agreement needs U.S. backing.

    “Let me be clear, we agree with Trump on the urgent need for a durable peace. Now we need to deliver together,” he said.

    Earlier on Sunday before the summit, Starmer announced that Britain, France and Ukraine will work on a ceasefire plan to present to the United States. He named three essential points to achieve “lasting peace” — a strong Ukraine, a European element with security guarantees, and a U.S. backstop, with the last one being the subject of “intense” discussion.

    The summit took place amid diplomatic tensions, following a heated exchange earlier this week between Ukrainian President Volodymyr Zelensky and U.S. President Donald Trump at the White House, which led to the cancellation of an anticipated raw materials agreement between the two countries.

    On Saturday, Zelensky met with Starmer at 10 Downing Street, where the British prime minister reaffirmed the UK’s “unwavering determination” to achieve lasting peace in Ukraine. Following the meeting, Ukrainian Finance Minister Serhiy Marchenko announced that Britain and Ukraine had agreed on a loan of 2.26 billion pounds to support Ukraine’s defense capabilities. (1 pound = 1.26 U.S. dollar) 

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI Australia: Appointment of new Austrade CEO

    Source: Minister for Trade

    The Albanese Government is pleased to announce the appointment of Dr Paul Grimes PSM as the new Chief Executive Officer of the Australian Trade and Investment Commission (Austrade).

    Austrade plays a critical role helping Australian businesses to grow and reach new markets, attract investment including to build a Future Made in Australia and promoting Australia as a premier destination for tourism and study.

    Having held a number of senior positions across state, federal and territory governments, Dr Grimes is a highly experienced public servant and brings a wealth of knowledge to the role. He has previously served as Secretary of the NSW Department of Treasury, as well as Secretary of the Federal Department of Agriculture and the Department of Sustainability, Environment, Population and Communities.

    Dr Grimes joins Austrade from his current positions as Chair of the NSW Net Zero Commission and Chair of the National Archives of Australia Advisory Council, among other roles.

    In recognition of his outstanding work in the development of the Australian Government’s response to the global financial crisis, he was awarded the Australian Public Service Medal in 2010.

    I look forward to working closely with him to continue to support local businesses to expand, reach new markets and create more jobs in Australia.

    I would like to give my thanks again to former CEO Mr Xavier Simonet for his distinguished service, and to Acting CEO, Daniel Boyer, for his strong and effective leadership of Austrade during the CEO transition period.

    MIL OSI News –

    March 3, 2025
  • MIL-OSI United Kingdom: Financial support for student carers

    Source: Scottish Government

    Carers in education urged not to miss out on extra money.   

    This National Student Money Week (3 – 7 March 2025), unpaid carers in education are being encouraged to check if they are entitled to financial help from Social Security Scotland. 

    It is estimated that there are around 35,000 unpaid carers attending college or university in Scotland. The type of help they provide includes emotional, mental or physical support for a family member, friend or neighbour. But many don’t recognise themselves as a carer, which could mean they are missing out on extra money. 

    There are three payments delivered by Social Security Scotland that could help student carers during their studies.  

    Carer Support Payment replaces Carer’s Allowance in Scotland. Unlike Carer’s Allowance, it is available to more carers in education.  

    Young Carer Grant and Carer’s Allowance Supplement are only available in Scotland.  

    Louise Reid, Student Support Adviser at the University of the West of Scotland (UWS) and Financial Capability Champion on the National Association of Student Money Advisors (NASMA) Board, explains the importance of this type of help. 

    “Students, alongside wider society, are consistently pushed to the limit financially from sources outside their control. The cost of housing, energy and food have all been consistently high and this hits student carers particularly hard.  

    “As caring responsibilities can limit or completely reduce any capacity for part time work to top up existing student funding, additional financial resources are vital.  

    “Carer Support Payment is an invaluable financial resource that can make the difference between continuing with studies or not. Being able to claim this benefit, whilst studying really makes such a difference to students who provide care.”  

    To find out more about all Social Security Scotland payments for carers, visit mygov.scot/carers or call free on 0800 182 2222.   

    Background: 

    • Carer Support Payment is a payment of £81.90 a week and is available to carers who are aged 16 or over and who provide unpaid care for 35 hours or more a week to someone who receives a qualifying disability benefit.  They need to earn £151 a week or less after tax, National Insurance and expenses.
      Carers in education who may be eligible includes:     
    • Part time students – those who spend less than 21 hours a week in class or doing coursework for any course    
    • Students aged 20 and over and who study full time for any course    
    • Students aged 16-19, who study full time in advanced education at university or for a college course such as a Higher National Certificate and Higher National Diploma   
    • There are also some circumstances where students aged 16-19 studying over 21 hours a week in non-advanced education, such as studying for National Certificates and Scottish Highers, who may also be eligible if they meet certain criteria. Find out more at   If you study – mygov.scot 
    • Carer’s Allowance Supplement is an extra payment for eligible unpaid carers who are getting Carer Support Payment or Carer’s Allowance on the qualifying date. The payment is made twice a year and is unique to Scotland. Each payment of Carer’s Allowance Supplement is currently £288.60.  It is paid automatically without the need to apply.   
    • Young Carer Grant is available for carers aged 16, 17 or 18 who provide support for an average of 16 hours a week to someone receiving a qualifying disability benefit. It is a yearly payment of £383.75 and the money can be spent on whatever the young person wants.   
    • If you are an organisation that supports student carers in Scotland, there are shareable resources, many of which are available in different languages, via our resources pages on our website:  

    Social Security Scotland – Carer Support Payment Resources  
    Social Security Scotland – Young Carer Grant Resources  

    MIL OSI United Kingdom –

    March 3, 2025
  • MIL-OSI China: Hong Kong accelerates integration into national development

    Source: China State Council Information Office

    The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development.

    The agreement II further opens up the services market of the Chinese mainland to Hong Kong, enabling Hong Kong businesses and professionals to enter the mainland market with more preferential treatments.

    This move was welcomed by various sectors in Hong Kong, and the industry is looking forward to making good use of the Central Government’s policies to support Hong Kong and promote high-quality economic development, further integrating into the national development.

    The agreement II introduces new liberalization measures across a number of service sectors where Hong Kong enjoys competitive advantages, such as financial services, construction and related engineering services, testing and certification, telecommunications, motion pictures, television and tourism services.

    The liberalization measures take various forms, including removing or relaxing restrictions on equity shareholding and business scope in the establishment of enterprises; relaxing qualification requirements for Hong Kong professionals providing services; and easing restrictions on Hong Kong’s exports of services to the mainland market.

    Most of the liberalization measures apply to the whole mainland, while some of them are designated for pilot implementation in the nine Pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area.

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said earlier that according to the agreement II, the restriction for the mainland branches of Hong Kong banks to conduct bank card business will be lifted starting from March, which will facilitate them in expanding their businesses in the mainland.

    Tommy Tam, chairman of the Travel Industry Council of Hong Kong, said that the new measures are expected to attract more foreign tourists to enter Hong Kong to explore the city and travel further to the mainland. The industry is preparing to promote these arrangements and believes that the demand from ASEAN (the Association of Southeast Asian Nations) tourists is relatively large.

    Law Society of Hong Kong President Roden Tong Man-lung said that this is very good news for the entire Hong Kong legal sector. The legal industry hoped to seize the opportunity to expand their business.

    By the end of last year, the cumulative customs duty concessions under CEPA had exceeded 10.2 billion yuan (about 1.39 billion U.S. dollars). Last year, the total trade in goods between the mainland and Hong Kong exceeded 4.8 trillion Hong Kong dollars (about 613.92 billion U.S. dollars), more than three times the amount before the implementation of CEPA, with an average annual growth rate of 5.6 percent.

    The number of sectors in which the mainland has fully or partially opened up to Hong Kong’s service industry has increased to 153, accounting for 96 percent of all 160 service trade sectors.

    The agreement II also brings along institutional innovation and collaboration enhancements. It includes the addition of “allowing Hong Kong-invested enterprises to adopt Hong Kong law” and “allowing Hong Kong-invested enterprises to choose for arbitration to be seated in Hong Kong” as facilitation measures for Hong Kong investors; and removal of the period requirement on Hong Kong service suppliers to engage in substantive business operations in Hong Kong for three years in most service sectors.

    Paul Lam, secretary for justice of the HKSAR government, said on the social media that qualified Hong Kong-invested enterprises can choose to use Hong Kong law as the governing law for their contracts. He encouraged the business community to take full advantage of this new opportunity.

    Jonathan Choi, a member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of the Chinese General Chamber of Commerce of Hong Kong, recently pointed out that the agreement II covers multiple important system innovations, not only providing convenience for Hong Kong businesses entering the mainland market, but also offering broader legal service options for investors in the Guangdong-Hong Kong-Macao Greater Bay Area.

    It encourages more foreign investors to use Hong Kong as a springboard to invest in the Greater Bay Area, further consolidating Hong Kong’s role as a “super-connector” and “super value-adder”, Choi said.

    The mainland and Hong Kong signed CEPA in 2003. CEPA has now been upgraded to a comprehensive and modern free trade agreement and has brought significant economic benefits to Hong Kong.

    Since the implementation of CEPA, all products manufactured in Hong Kong that meet CEPA’s rules of origin can enjoy zero-tariff benefits when exported to the mainland. In addition, in terms of trade in services, the mainland and Hong Kong have essentially achieved trade liberalization.

    John Lee, chief executive of the HKSAR, mentioned on multiple occasions that the agreement II creates more favorable conditions for Hong Kong enterprises and professionals to enter the mainland market. He encouraged Hong Kong and global enterprises to make full use of the new preferential treatments under CEPA, to explore the continuous opportunities in the mainland market.

    On Feb. 19, the HKSAR government and the country’s Ministry of Commerce co-organized a forum on the agreement II to familiarize business sectors with the content and implementation arrangements of the relevant measures.

    Over 350 people, including representatives from local and foreign chambers of commerce, consulates, major trade associations and professional sectors, participated in the forum.

    Fan Shijie, director of the Department of Taiwan, Hong Kong and Macao Affairs under the Ministry of Commerce, said that through CEPA, the Central Government aims to strengthen open cooperation, supporting Hong Kong and global investors in their efforts to enter the mainland via Hong Kong.

    The Central Government also supports more Hong Kong enterprises in participating in major exhibitions such as the China International Import Expo, the Canton Fair, and the China International Fair for Trade in Services, providing matchmaking services for Hong Kong businesses to tap into the mainland market and share development opportunities, Fan added.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI Australia: 73 barring orders issued in Southern Tasmania

    Source: Tasmania Police

    73 barring orders issued in Southern Tasmania

    Monday, 3 March 2025 – 11:39 am.

    Police are continuing to focus on public safety at licensed premises, with 73 barring orders issued in Southern Tasmania this financial year.
    Sergeant Peter Andricopoulos from the Southern District Licensing Unit said the focus is about creating a safe and enjoyable environment for everyone.
    “We work closely with venues to ensure anyone whose behaviour poses a public safety risk, or breaches liquor licensing laws, is prevented from entering licensed premises,” he said.
    “So far this financial year we have issued 73 barring orders.”
    “These orders have been issued for a range of reasons, including intoxication and acting in a violent or disorderly manner.”
    “Barring orders have also been issued for the safety of staff and patrons when serious assaults, drug offences and property damage have occurred or threats have been made to staff.”
    “Police will continue to work with licensed venues to ensure compliance with liquor licensing legislation, as this not only protects patrons but also contributes to the overall safety and wellbeing of the community.”

    MIL OSI News –

    March 3, 2025
  • MIL-OSI Australia: Critical minerals and hydrogen production incentives now law

    Source: Australian Department of Revenue

    As part of the 2024–25 Budget, the Government announced its Future Made in Australia package to support Australia’s transition to a net zero economy. This package included 2 new, temporary tax incentives:

    These measures are now law.

    Critical Minerals Production Tax Incentive

    The CMPTI provides eligible companies with a refundable tax offset of 10 per cent of the eligible costs of processing certain critical minerals in Australia. The offset will be available for a maximum of 10 years between 1 July 2027 and 30 June 2040.

    The CMPTI is jointly administered by the ATO and the Department of Industry, Science and Resources.

    Hydrogen Production Tax Incentive

    The HPTI is a refundable tax offset of $2 per kilogram of eligible hydrogen produced by eligible companies. The HPTI applies to eligible hydrogen produced in income years between 1 July 2027 and 30 June 2040, for a maximum of 10 years.

    The HPTI is jointly administered by the ATO and the Clean Energy Regulator.

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    MIL OSI News –

    March 3, 2025
  • MIL-OSI United Kingdom: Young people urged to ‘Think Fraud’ over rent offers

    Source: United Kingdom – Executive Government & Departments

    News story

    Young people urged to ‘Think Fraud’ over rent offers

    New data shows 18 to 39 year olds account for almost 3 quarters of rental fraud reports as phase 2 of nationwide ‘Stop! Think Fraud’ campaign launches.

    Young people aged between 18 and 39 account for almost three quarters of cases of rental fraud, according to exclusive National Fraud Intelligence Bureau (NFIB) data released by the Home Office today.

    Rental fraudsters typically target their victims by offering access to properties that do not exist, or which are not theirs to rent, often using fake details and photos, and usually offering prices at well below market rate. To secure the property or even arrange a viewing, they will usually demand a deposit or the first month’s rent, and many individuals desperate to find a home will make the upfront payment to avoid missing out.

    According to the NFIB data, the resulting fraud losses amounted to nearly £9 million across around 5,000 reported cases last year. The 18 to 29 age group accounted for 48% of all reported rental fraud cases in England, Wales, and Northern Ireland last year, with the 30 to 39 age group accounting for 25%.

    With many students and young workers using the spring months to search for new rented accommodation, Home Office ministers are urging renters to avoid rushing into a quick decision or paying over any money for a property before they have viewed it in person.

    And with rental fraud often taking place through properties advertised on social media websites, the government is also renewing its calls for tech companies to go further and faster to tackle fraud on their platforms ahead of convening the next Joint Fraud Taskforce meeting later this month.

    Fraud Minister Lord Hanson said:  

    Rental fraud is an utterly shameful crime, and this new data should serve as a stark reminder that anyone can be a victim. It doesn’t matter how streetwise and tech-savvy you are, fraudsters will get to anyone who doesn’t stop and think before handing over their money.

    That’s why I am determined to root out fraud from our society, crack down on the callous criminals behind it, and ensure that stronger protections are put in place by the tech companies on whose platforms much of this fraud takes place.

    The Home Office will be making progress on all of those issues through the next phase of our Stop! Think Fraud campaign, and the new, expanded fraud strategy we are developing this year as part of this government’s Plan for Change.

    Oliver Shaw, Commander for Fraud and Cybercrime, City of London Police, said:

    Young people are disproportionally targeted by criminals whilst they look for new accommodation or housing opportunities. This can result not only in a devastating financial loss but can also lead to a negative impact on their mental health. The data from the National Fraud Intelligence Bureau highlights clearly how much of a critical issue this is in affecting 18 to 29 year olds.

    That’s why we, as the national lead force for fraud, continue to support the Stop! Think Fraud campaign’s ongoing efforts to raise awareness of this vital issue. And we continue to work to highlight emerging cybercrime and fraud types that could be a threat, understanding the importance of reporting, and advocating ways the public can prevent themselves from becoming victims of fraud.

    The new figures are published on the same day as the National Cyber Security Centre (NCSC) – part of GCHQ – launches the second phase of a nationwide campaign encouraging individuals and small businesses to set-up 2-step verification (2SV) on their most important accounts.

    2SV adds an extra layer of security, making it much harder for attackers to access your accounts even if your password is compromised.

    NCSC Chief Operating Officer Felicity Oswald said: 

     Online fraudsters are constantly finding new ways to trick you into sharing personal information or money, but thankfully, there are ways to protect yourself. 

    Today, we’re launching a nationwide campaign urging everyone to strengthen their security by enabling 2SV, which adds an extra layer of protection to keep your accounts safe. 

    Toughen up your online security by enabling 2SV today – usually found in the security settings of your accounts – and keep the fraudsters out.

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    Published 3 March 2025

    MIL OSI United Kingdom –

    March 3, 2025
  • MIL-OSI Australia: Automated Milking Systems delivers comparable performance to conventional systems in Australian dairy farms

    Source: New South Wales Department of Primary Industries

    3 Mar 2025

    The NSW Department of Primary Industries and Regional Development (DPIRD) has released a comprehensive report from the Milking Edge Project, offering valuable insights for Australian dairy farmers considering Automatic Milking Systems (AMS) technology.

    The research revealed that while on average, AMS-equipped farms in Australia achieve comparable economic and physical results to conventional milking systems, AMS is beneficial for freeing up labour for other key tasks such as pasture management, boosting overall farm productivity.

    NSW DPIRD Development Officer Juan Gargiulo said that by analysing the economic and operational performance of AMS in the Australian dairy industry, the report provides clear guidance for farmers exploring this innovative approach to milking, while supporting them to more effectively adopt and operate AMS.

    Key findings from the report include:

    • Australian AMS farms typically milk between 150 and 240 cows and operate between three and four robotic units.
    • Average daily milk production per cow typically ranged from 19.3 to 26.3 kilograms.
    • Cows are milked on average 2.17 times per day, with each robot harvesting approximately 1,200 kg of milk daily.

    The study also identified key drivers of profitability, including robot efficiency (milk harvested per robot), labour efficiency, and pasture utilisation per hectare. These factors are crucial in determining the success and financial viability of AMS technology on Australian farms.

    “The findings from this report provide valuable benchmarks for AMS profitability and efficiency in the Australian dairy industry, helping farmers and stakeholders make informed decisions about technology investments and operational strategies,” Mr Gargiulo said.

    “While AMS performance varied across different operations, the research highlights key opportunities for improving productivity and profitability, such as the ability of AMS farmers to reallocate labour from milking to other tasks like farm business management, herd health, and pasture management, enhancing overall farm efficiency and sustainability.”

    Since its global introduction in 1992, AMS is reported to have transformed dairy farming, with over 50,000 systems now in use worldwide.

    In Australia, AMS is currently implemented on around 1.5% of dairy farms, with growing interest as farmers assess its benefits.

    Importantly, researchers debunked a common perception in the Australian dairy industry that adopting AMS technology often leads to more frequent milking and increased milk production.

    “While this is largely true in European and North American dairy systems, where cows are housed in barns with closer access to AMS units, the report found that in Australia’s pasture-based systems, milking frequency and production levels were similar to those in conventional systems,” Mr Gargiulo said.

    “This is partly due to the greater distance between paddocks and milking stations, requiring cattle to walk further compared to barn-housed cattle.”

    Another key finding was that for a majority of pasture-based AMS farms in Australia, the key to improving profitability was not increasing milking frequency, but rather maximising the number of cows milked per robot.

    This report was designed to provide valuable insights into the performance of AMS systems for dairy farmers, industry advisors, consultants, and researchers involved in AMS adoption or performance analysis.

    The NSW Government encourages the dairy sector to review the report before investing in AMS technology to determine whether it is the right fit for their operation.

    The Milking Edge Project was a five-year initiative led by NSW DPIRD in collaboration with Dairy Australia and DeLaval, with the AMS report available on the DPIRD website.

    Media contact: pi.media@dpird.nsw.gov.au

    MIL OSI News –

    March 3, 2025
  • MIL-OSI China: Hong Kong accelerates integration into national development as CEPA enters new stage

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

    Hong Kong accelerates integration into national development as CEPA enters new stage

    HONG KONG, March 2 — The Second Agreement Concerning Amendment to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) Agreement on Trade in Services (agreement II) was implemented on Saturday, allowing Hong Kong to accelerate its integration into the overall national development.

    The agreement II further opens up the services market of the Chinese mainland to Hong Kong, enabling Hong Kong businesses and professionals to enter the mainland market with more preferential treatments.

    This move was welcomed by various sectors in Hong Kong, and the industry is looking forward to making good use of the Central Government’s policies to support Hong Kong and promote high-quality economic development, further integrating into the national development.

    The agreement II introduces new liberalization measures across a number of service sectors where Hong Kong enjoys competitive advantages, such as financial services, construction and related engineering services, testing and certification, telecommunications, motion pictures, television and tourism services.

    The liberalization measures take various forms, including removing or relaxing restrictions on equity shareholding and business scope in the establishment of enterprises; relaxing qualification requirements for Hong Kong professionals providing services; and easing restrictions on Hong Kong’s exports of services to the mainland market.

    Most of the liberalization measures apply to the whole mainland, while some of them are designated for pilot implementation in the nine Pearl River Delta municipalities in the Guangdong-Hong Kong-Macao Greater Bay Area.

    Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said earlier that according to the agreement II, the restriction for the mainland branches of Hong Kong banks to conduct bank card business will be lifted starting from March, which will facilitate them in expanding their businesses in the mainland.

    Tommy Tam, chairman of the Travel Industry Council of Hong Kong, said that the new measures are expected to attract more foreign tourists to enter Hong Kong to explore the city and travel further to the mainland. The industry is preparing to promote these arrangements and believes that the demand from ASEAN (the Association of Southeast Asian Nations) tourists is relatively large.

    Law Society of Hong Kong President Roden Tong Man-lung said that this is very good news for the entire Hong Kong legal sector. The legal industry hoped to seize the opportunity to expand their business.

    By the end of last year, the cumulative customs duty concessions under CEPA had exceeded 10.2 billion yuan (about 1.39 billion U.S. dollars). Last year, the total trade in goods between the mainland and Hong Kong exceeded 4.8 trillion Hong Kong dollars (about 613.92 billion U.S. dollars), more than three times the amount before the implementation of CEPA, with an average annual growth rate of 5.6 percent.

    The number of sectors in which the mainland has fully or partially opened up to Hong Kong’s service industry has increased to 153, accounting for 96 percent of all 160 service trade sectors.

    The agreement II also brings along institutional innovation and collaboration enhancements. It includes the addition of “allowing Hong Kong-invested enterprises to adopt Hong Kong law” and “allowing Hong Kong-invested enterprises to choose for arbitration to be seated in Hong Kong” as facilitation measures for Hong Kong investors; and removal of the period requirement on Hong Kong service suppliers to engage in substantive business operations in Hong Kong for three years in most service sectors.

    Paul Lam, secretary for justice of the HKSAR government, said on the social media that qualified Hong Kong-invested enterprises can choose to use Hong Kong law as the governing law for their contracts. He encouraged the business community to take full advantage of this new opportunity.

    Jonathan Choi, a member of the National Committee of the Chinese People’s Political Consultative Conference and chairman of the Chinese General Chamber of Commerce of Hong Kong, recently pointed out that the agreement II covers multiple important system innovations, not only providing convenience for Hong Kong businesses entering the mainland market, but also offering broader legal service options for investors in the Guangdong-Hong Kong-Macao Greater Bay Area.

    It encourages more foreign investors to use Hong Kong as a springboard to invest in the Greater Bay Area, further consolidating Hong Kong’s role as a “super-connector” and “super value-adder”, Choi said.

    The mainland and Hong Kong signed CEPA in 2003. CEPA has now been upgraded to a comprehensive and modern free trade agreement and has brought significant economic benefits to Hong Kong.

    Since the implementation of CEPA, all products manufactured in Hong Kong that meet CEPA’s rules of origin can enjoy zero-tariff benefits when exported to the mainland. In addition, in terms of trade in services, the mainland and Hong Kong have essentially achieved trade liberalization.

    John Lee, chief executive of the HKSAR, mentioned on multiple occasions that the agreement II creates more favorable conditions for Hong Kong enterprises and professionals to enter the mainland market. He encouraged Hong Kong and global enterprises to make full use of the new preferential treatments under CEPA, to explore the continuous opportunities in the mainland market.

    On Feb. 19, the HKSAR government and the country’s Ministry of Commerce co-organized a forum on the agreement II to familiarize business sectors with the content and implementation arrangements of the relevant measures.

    Over 350 people, including representatives from local and foreign chambers of commerce, consulates, major trade associations and professional sectors, participated in the forum.

    Fan Shijie, director of the Department of Taiwan, Hong Kong and Macao Affairs under the Ministry of Commerce, said that through CEPA, the Central Government aims to strengthen open cooperation, supporting Hong Kong and global investors in their efforts to enter the mainland via Hong Kong.

    The Central Government also supports more Hong Kong enterprises in participating in major exhibitions such as the China International Import Expo, the Canton Fair, and the China International Fair for Trade in Services, providing matchmaking services for Hong Kong businesses to tap into the mainland market and share development opportunities, Fan added.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI China: China signals stronger financial support for private enterprises

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

    China’s central bank, together with other top financial regulators, convened a high-level symposium on Friday to discuss measures for boosting private enterprise development, which analysts said signaled bigger steps in facilitating the financing of private enterprises as their role in innovation becomes increasingly significant.

    Jointly convened by the People’s Bank of China, All-China Federation of Industry and Commerce, National Financial Regulatory Administration, China Securities Regulatory Commission and State Administration of Foreign Exchange, the symposium stressed supporting private businesses as an inherent priority for financial services and a manifestation of upholding the political and people-centered nature of financial work.

    “We will proactively strengthen policy frameworks, enhance supervision and implementation and provide strong financial support for the healthy development of the private economy, helping private enterprises grow stronger, better and bigger,” said a meeting statement released by the PBOC on Sunday.

    Analysts said it is not the first time for the PBOC to convene symposiums on supporting private enterprises, with similar meetings in 2018 and 2023. However, Friday’s meeting features a wide participation by various financial authorities, indicating that all-out, coordinated efforts to strengthen financial support for private enterprises are underway.

    “The joint meeting reflects the central government’s strong commitment to fostering private sector growth,” said Yang Weiyong, an associate professor at the University of International Business and Economics, expecting significant financial measures, including expanded lending for private enterprises.

    The meeting called for a solid implementation of an accommodative monetary policy, a good use of structural monetary policy tools, increased credit access for private and small businesses and equal treatment of all ownership types by financial institutions.

    Specific measures stressed at the symposium include a full implementation a previously-launched 25-point plan to strengthen financial support for the private economy, improvements to credit enhancement systems for smaller businesses and accelerated rollout of supply chain finance regulations.

    The meeting also emphasized strengthening bond market innovation, reaffirming boosting private enterprise financing through capital markets, including support for tech-driven firms, mergers and acquisitions and industrial upgrades.

    Attendants of the meeting also included leaders from fashion and apparel company EVE Group, automotive company Geely Holding Group, artificial intelligence company SenseTime, express delivery company YTO Express and dairy company Yili Group.

    Lou Feipeng, a researcher at Postal Savings Bank of China, emphasized the need for stronger financial support for the private sector, particularly as the latest wave of technological revolution continues to advance.

    “Private and small businesses, known for their flexible structures, play a crucial role in driving technological innovation,” Lou said.

    In terms of direct financing, eligible private enterprises should be supported in raising funds through bond issuance and IPOs, he said. On the indirect financing front, banks should improve first-time loan services for private bushiness, expand access to credit-based lending, implement loan renewals without principal repayment and develop supply chain finance.

    Data from the National Bureau of Statistics showed on Saturday that the purchasing managers index for the manufacturing sector — where private enterprises play a significant role — came in at 50.2, standing above the 50-mark that separates expansion from contraction and up from 49.1 in January.

    MIL OSI China News –

    March 3, 2025
  • MIL-OSI New Zealand: Northland News – No major changes for NRC Annual Plan

    Source: Northland Regional Council

    With no significant changes to its work programme for the coming year, Northland Regional Council won’t be consulting on its Annual Plan for 2025/26, says Chair Geoff Crawford.
    “The work programme we set out in our Long Term Plan last year – and consulted on widely – sets us in good stead for the upcoming financial year.”
    “As a result, we’re not planning to consult on our Annual Plan, as it’s not expected to contain any significant changes to what’s in that Long Term Plan.”
    “We think it’s better for our ratepayers to save the expense of re-consulting on things and continue looking for cost-savings where we can.”
    He says the council is still required to develop an Annual Plan for 2025/26, and through that process council is working hard to get rates lower than what was originally projected for the coming year. The final plan and reduced rate increase will be confirmed and publicly available mid-year.
    Meanwhile, Chair Crawford says despite its decision not to consult on its Annual Plan, the council will be seeking feedback on its Draft User Fees and Charges for 2025/26.
    He says the council reviews its user fees and charges each year to make sure they’re fit for purpose and keep up with changing costs.
    “This year, in addition to a baseline 3.1% inflationary increase, we’re proposing some updates to wording and changes to three specific fees – for oil spill contingency plans, the initial charge for extension of consent period, and the purchase of hard copies of our proposed regional plan.”
    Chair Crawford says the council is also making some updates to reflect legislative changes since last year.
    “Our Draft User Fees and Charges 2025/26 document outlines the proposed updates we’re seeking feedback on – you can read the document at www.nrc.govt.nz/userfees .”
    Feedback can be made until Friday 28 March. 

    MIL OSI New Zealand News –

    March 3, 2025
  • MIL-OSI: Apollo Names Shimpei Kanzaki as Japan Global Wealth Head

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, March 02, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced it has hired Shimpei Kanzaki as a Managing Director and Head of Japan Global Wealth. Kanzaki brings more than 20 years’ experience in alternative investments, private markets and the wealth management industry, and will report to Edward Moon, Partner and Head of Asia Pacific Global Wealth for Apollo.

    Moon said, “We are pleased to welcome Shimpei, who brings to Apollo significant industry experience and a proven track record of business building in the Japan wealth market. Following our successful expansion in Hong Kong and Singapore, we look forward to growing in Japan, expanding our product suite and partnering with Japanese distributors across wealth channels.”

    Apollo Partner and Chief Client and Product Development Officer Stephanie Drescher added, “Japan is a key growth market for Apollo, where we see our disciplined investment philosophy and strong focus on investor alignment resonate with clients. With Shimpei’s appointment, we are thrilled to grow our Wealth presence in Japan to help more clients access private market strategies and the potential excess return and diversification benefits we seek to provide.”

    Shimpei Kanzaki, Managing Director and Head of Japan Global Wealth at Apollo, said: “Apollo has a strong reputation as a leading alternative asset manager with an established track record originating investment-grade, yield-oriented assets. I am excited to join the firm to introduce our tailored solutions to Japanese investors by building strong partnerships with the leading distributors in Japan.”

    Prior to joining Apollo, Kanzaki was a Director at KKR and head of its wealth solutions business in Japan, after joining in 2022. Previously, he led the hedge funds product specialist team at UBS and held senior roles at Credit Suisse, Mirabaud, and Man Group, specializing in hedge fund strategies, portfolio management, and business development.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

    Investor and Media Relations Contacts

    For investors please contact:
    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    212-822-0540
    IR@apollo.com 

    For media inquiries please contact:
    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    212-822-0491
    Communications@apollo.com 

    The MIL Network –

    March 3, 2025
  • MIL-OSI New Zealand: Higher meat export prices boost terms of trade – Stats NZ media and information release: International trade: December 2024 quarter

    Source: Statistics New Zealand

    Higher meat export prices boost terms of trade – 3 March 2025 – Export prices increased more than import prices in the December 2024 quarter, which led to a 3.1 percent rise in the terms of trade, according to figures released by Stats NZ today.

    The terms of trade represent the ratio of export prices to import prices. They can be interpreted as a measure of New Zealand’s purchasing power on the international stage and as an indicator of the relative strength of the New Zealand economy.

    The total export price index rose 3.2 percent and the import price index rose 0.1 percent in the December 2024 quarter, compared with the September 2024 quarter.

    Export prices for meat products, which are New Zealand’s second largest export commodity by value, rose 6.8 percent in the December quarter. Lamb prices rose 7.0 percent, while beef and veal prices rose 6.1 percent.

    Files:

    MIL OSI New Zealand News –

    March 3, 2025
  • MIL-OSI New Zealand: Annual Plan open now for public feedback

    Source: Auckland Council

    Auckland Council’s proposed Annual Plan 2025/2026 is open for public consultation, as the council invites all Aucklanders to have their say on its investment and services for the year ahead.

    The consultation also includes an opportunity to give feedback on the funding of events and destination marketing, and the priorities of local boards.

    The proposed Annual Plan 2025/2026 focuses on delivering the second year of the Long-term Plan 2024-2034. Consultation runs from 28 February-28 March 2025.

    Mayor Wayne Brown says it’s important Aucklanders have their say.

    “Council is here to serve Auckland ratepayers, and the Annual Plan is an opportunity for Aucklanders to speak up and have their say on what the council is focused on,” says Mayor Brown.  

    “We want the community’s thoughts on a bed night levy to fund major events like bringing the America’s Cup back to Auckland, hosting NRL rugby league matches, the ASB Classic and concerts like Coldplay and Taylor Swift.  None of these will happen without it, as I won’t rate struggling households to fill hotels.

    “This is also a chance to tell us what they want from their Local Boards and on the proposed rates for the next year. My message to Aucklanders is speak up, help inform our decision-making.”

    Auckland Council group chief financial officer Ross Tucker says the Annual Plan focuses on getting on with strengthening the financial and physical resilience of Auckland, while investing where it is needed most to manage growth.

    “This Annual Plan is about delivering on our Long-term Plan commitments, at a time when we know the cost of living is high for our ratepayers. This year we are prioritising investment in transport, water and fair funding for local communities,” says Mr Tucker.

    The plan sets out the proposed way to pay for services and investments, including a 5.8 per cent rates increase for the average value residential property, which is in line with the Long-term Plan.

    “We are also asking our communities for feedback on funding major events and destination marketing for the region. To help cover a shortfall in funding that was outlined in the Long-term Plan, the council would like to see the introduction of a bed night visitor levy,” says Mr Tucker.

    “The levy requires new legislation and, to inform the government, the council would like to hear Aucklanders’ views on a bed night visitor levy that could help raise $27 million and not just meet the shortfall, but fund even more destination management, marketing and major events activities in Auckland.”

    Local board agreements

    The final Annual Plan 2025/2026 will also set out local board agreements – with each of the 21 local boards setting out priorities for their community and where funds will be invested.

    A fairer funding approach will begin to be phased in for the Annual Plan 2025/2026 to enable local boards to better respond to the needs of their communities, by addressing funding imbalances between the 21 local boards.

    “Each local board’s priorities for the year are included in the Consultation Document,” says Mr Tucker. “Local boards provide a wide range of services such as local parks, libraries, pools, community facilities, and local art and environment activities, along with community events.

    “This makes their plans and priorities really relevant at a local level, and we encourage Aucklanders to take a look at what is planned by their local board, and provide feedback.”

    While the council is not proposing significant changes to services or investment levels compared with what is in the Long-term Plan, it is important to check in each year with all Aucklanders in our communities, to make sure plans are still on the right track.

    Additional proposals

    There are some proposed changes to targeted rates, fees and charges – including refuse collection being rolled out in North Shore, Waitākere and Papakura, and targeted rates for refuse in Franklin and Rodney. There are also some changes for fees relating to additional council services, such as dog adoption, cemetery and cremation, and bach fees.

    “We are also seeking input on the annual plan for Tūpuna Maunga Authority, which governs the 14 Tūpuna Maunga (ancestral mountains) of Tāmaki Makaurau. Public feedback is an important part of developing these plans.”

    The Annual Plan 2025/2026 Consultation Document for feedback is available online at akhaveyoursay.nz/ourplan.

    Want to learn more?

    Join our online information session where you can hear more from the Auckland Council Finance team about the topics we are consulting on in this annual plan.

    You can also ask questions to subject matter experts.

    Wednesday 5 March 2025

    6pm to 7.30pm

    Register for the Annual Plan 2025/2026 Online Information Session via akhaveyoursay.nz/ourplan (events).

    MIL OSI New Zealand News –

    March 3, 2025
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