NewzIntel.com

Category: Economy

  • MIL-OSI: AGF Management Limited Reports Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) —

    • Reported quarterly adjusted diluted earnings per share of $0.39
    • Total assets under management and fee-earning assets of $53.5 billion
    • Declared quarterly dividend per share to 12.5 cents

    AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2025.

    AGF reported total assets under management and fee-earning assets1 of $53.5 billion compared to $53.8 billion as at February 28, 2025 and $47.8 billion as at May 31, 2024.

    “We remain focused and continue to deliver despite ongoing economic and political uncertainty, supported by a long-term perspective that has enabled us to stay resilient and strategically positioned for sustained growth across our three business lines,” said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. “As we look to the second half of the year, we are confident that our disciplined approach will allow us to respond to market shifts, deliver consistent results and drive long-term success.”

    AGF’s mutual fund gross sales were $1,148 million for the quarter compared to $1,568 million in the previous quarter and $934 million in the prior year quarter. Retail mutual fund2 net sales were $65 million compared to $342 million in the previous quarter and net redemptions of $112 million in the prior year quarter.

    “Through a challenging environment, we experienced our fourth consecutive quarter of positive retail mutual fund and mutual fund net sales outpacing the industry,” said Judy Goldring, President and Head of Global Distribution, AGF. “These results and our recent Wealth Professional Award for Mutual Fund Provider of the Year are a testament to our evolving and innovative product lineup as well as our dedication to delivering exceptional value to our clients.”

    1 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.
    2 Retail mutual fund net sales (redemptions) are calculated as reported mutual fund net sales (redemption) less non-recurring institutional net sales (redemptions) in excess of $5 million invested in our mutual funds.
       

    Financial and Key Business Highlights:

    • Adjusted EBITDA3 for the three months ended May 31, 2025 was $39.5 million, compared to $47.9 million for the three months ended February 28, 2025 and $37.0 million for the comparative prior year period.
    • Net management, advisory and administration fees3 for the three months ended May 31, 2025 was $83.8 million, compared to $85.2 million for the three months ended February 28, 2025 and $81.2 million for the comparative prior year period.
    • Adjusted revenue from AGF Capital Partners3 for the three months ended May 31, 2025 was $14.6 million, compared to $23.6 million for the three months ended February 28, 2025 and $12.0 million for the comparative prior year period. Revenue from AGF Capital Partners can be variable quarter to quarter and can be impacted by fair value adjustments, timing of monetizations and cash distributions as well as performance fees and carried interest.
    • Adjusted selling, general and administrative costs3 for the three months ended May 31, 2025 was $59.5 million, compared to $63.6 million for the three months ended February 28, 2025 and $60.0 million for the comparative prior year period. The decrease in adjusted SG&A from prior quarter is driven by lower performance-based compensation, timing of expenses and market environment.
    • Adjusted net income attributable to equity owners3 for the three months ended May 31, 2025 was $26.0 million ($0.39 adjusted diluted EPS), compared to $32.1 million ($0.48 adjusted diluted EPS) for the three months ended February 28, 2025 and $23.6 million ($0.35 adjusted diluted EPS) for the comparative prior year period.
    • At the 2025 Wealth Professional Awards, AGF was named Mutual Fund Provider of the Year. The firm was also honoured as an Excellence Awardee in the Employer of Choice category.
    • In May, AGF Investments Inc. announced proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund, subject to securityholder approval at special meetings to be held on or about June 26, 2025.
    • This quarter, AGF Investments Inc announced lower management and administration fees and risk ratings for certain funds. These changes build on the firm’s commitment to continually reviewing its product line-up to ensure its offerings are responsive to market trends and competitively priced.
                                 
      Three months ended Six months ended
        May 31,     Feb. 28,     May 31,     May 31,     May 31,
    (in millions of Canadian dollars, except per share data)   2025     2025     2024     2025     2024
                                 
    Revenues                            
    Management, advisory and administration fees $ 119.5   $ 122.8   $ 116.4   $ 242.3   $ 225.0
    Trailing commissions and investment advisory fees   (35.7)     (37.6)     (35.2)     (73.3)     (68.9)
    Net management, advisory and administration fees3 $ 83.8   $ 85.2   $ 81.2   $ 169.0   $ 156.1
    Deferred sales charges   1.0     1.2     1.9     2.2     3.9
    Adjusted revenue from AGF Capital Partners3   14.6     23.6     12.0     38.2     36.4
    Other revenue (loss)3   (0.4)     1.5     1.9     1.1     3.6
    Total adjusted net revenue3   99.0     111.5     97.0     210.5     200.0
                                 
    Selling, general and administrative   62.8     67.8     68.2     130.6     126.1
    Adjusted selling, general and administrative3   59.5     63.6     60.0     123.1     113.5
                                 
    EBITDA3   36.2     44.2     26.6     80.4     71.7
    Adjusted EBITDA3   39.5     47.9     37.0     87.4     86.5
                                 
    Net income – equity owners of the Company   24.3     30.9     18.1     55.2     48.6
    Adjusted net income – equity owners of the Company3   26.0     32.1     23.6     58.1     57.3
                                 
    Diluted earnings per share   0.36     0.46     0.27     0.82     0.73
                                 
    Adjusted diluted earnings per share3   0.39     0.48     0.35     0.87     0.86
                                 
    Free cash flow3   24.0     31.6     23.7     55.6     44.9
                                 
    Dividends per share   0.125     0.115     0.110     0.365     0.225
                                 
                                 
      Three months ended
        May 31,     Feb. 28,     Nov. 30,     Aug. 31,     May 31,
    (in millions of Canadian dollars)   2025     2025     2024     2024     2024
                                 
    Mutual fund assets under management (AUM)4 $ 30,975   $ 31,167   $ 30,662   $ 28,104   $ 26,961
    ETFs and SMA AUM   2,771     2,913     2,537     2,128     1,800
    Segregated accounts and sub-advisory AUM   6,448     6,529     6,977     6,430     6,313
    Total AGF Investments AUM   40,194     40,609     40,176     36,662     35,074
    AGF Private Wealth AUM   8,568     8,623     8,567     8,186     8,026
    AGF Capital Partners AUM   2,600     2,468     2,752     2,774     2,663
    Total AUM $ 51,362   $ 51,700   $ 51,495   $ 47,622   $ 45,763
    AGF Capital Partners fee-earning assets5   2,112     2,142     2,111     2,080     2,081
    Total AUM and fee-earning assets5 $ 53,474   $ 53,842   $ 53,606   $ 49,702   $ 47,844
                                 
    Mutual fund net sales (redemptions)4   18     258     5     14     (112)
    Retail mutual fund net sales (redemptions)2   65     342     14     19     (112)
    Average daily mutual fund AUM4   29,770     30,853     29,173     27,542     26,604
    3 Net management, advisory and administration fees, adjusted revenue from AGF Capital Partners, total net revenue, adjusted selling, general and administrative, EBITDA, adjusted EBITDA, adjusted net income, adjusted diluted earnings per share and free cash flow are not standardized measures prescribed by IFRS. The Company utilizes non-IFRS measures to assess our overall performance and facilitate a comparison of quarterly and full-year results from period to period. They allow us to assess our investment management business without the impact of non-operational items. These non-IFRS measures may not be comparable with similar measures presented by other companies. These non-IFRS measures and reconciliations to IFRS, where necessary, are included in the Management’s Discussion and Analysis available at www.agf.com.
    4 Mutual fund AUM includes retail AUM and institutional client AUM invested in customized series offered within mutual funds.
    5 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.
       

    For further information and detailed financial statements for the second quarter ended May 31, 2025, including Management’s Discussion and Analysis, which contains discussions of non-IFRS measures, please refer to AGF’s website at www.agf.com under ‘About AGF’ and ‘Investor Relations’ and at www.sedarplus.com.

    Conference Call

    AGF will host a conference call to review its earnings results today at 11 a.m. ET.

    The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/m4th2gij. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

    A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    About AGF Capital Partners

    AGF Capital Partners is AGF’s multi-boutique alternatives business with Affiliate Managers across both private assets and alternative strategies across both private assets and alternative strategies. Clients benefit from the specialized investment expertise of Affiliate Managers1 combined with the organizational support and breadth of resources of AGF Management Limited (AGF). With over 18 years average experience, AGF Capital Partners Affiliate Managers including, Kensington Capital Partners Limited, New Holland Capital, LLC and AGF SAF Private Credit, manage approximately C$13.7 billion* in alternative AUM and fee earning assets on behalf of institutional and retail clients. Affiliate Manager AUM may not be consolidated into AGF Management Limited’s reported AUM.

    *U.S. AUM converted FX rate at May 31, 2025 (1.38)

    1 The term ‘Affiliate Manager’ refers to any partner regardless of relationship structures or revenue sharing agreements. The form of AGF’s structured partnership interests in Affiliate Managers differs from Affiliate Manager to Affiliate Manager. The structure of the relationship with a particular Affiliate Manager, or the revenue that AGF agrees to share in, may change. Affiliate Managers only provide investment advisory services or offer products in the jurisdiction where such firm, individuals and/or product is registered or authorized to provide such services.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    Caution Regarding Forward-Looking Statements

    This press release includes forward-looking statements about the Company, including its business operations, strategy and expected financial performance and condition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects,’ ‘estimates,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘believes’ or negative versions thereof and similar expressions, or future or conditional verbs such as ‘may,’ ‘will,’ ‘should,’ ‘would’ and ‘could.’ In addition, any statement that may be made concerning future financial performance (including income, revenues, earnings or growth rates), ongoing business strategies or prospects, fund performance, and possible future action on our part, is also a forward-looking statement. Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, business prospects, business performance and opportunities. While we consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about our operations, economic factors and the financial services industry generally. They are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements made by us due to, but not limited to, important risk factors such as level of assets under our management, volume of sales and redemptions of our investment products, performance of our investment funds and of our investment managers and advisors, client-driven asset allocation decisions, pipeline, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, technological changes, cybersecurity, the possible effects of war or terrorist activities, outbreaks of disease or illness that affect local, national or international economies, natural disasters and disruptions to public infrastructure, such as transportation, communications, power or water supply or other catastrophic events, and our ability to complete strategic transactions and integrate acquisitions, and attract and retain key personnel. We caution that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Other than specifically required by applicable laws, we are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete discussion of the risk factors that may impact actual results, please refer to the ‘Risk Factors and Management of Risk’ section of the 2024 Annual MD&A.

    The MIL Network –

  • MIL-OSI Europe: Dutch government presents a coordinated strategy to tackle corruption

    Source: Government of the Netherlands

    News item | 20-06-2025 | 15:20

    The Netherlands cannot afford to be naive in tackling corruption, as criminal organisations depend on corruption to operate. By pressuring or bribing individuals, they gain access to valuable information and can influence and manipulate processes. For this reason, the Minister of Justice and Security and the Minister of the Interior and Kingdom Relations are presenting a government-wide, anti-corruption strategy, as announced in the coalition programme, which builds on existing initiatives that have already delivered proven results. This means that authorities, implementing organisations and businesses in high-risk sectors – such as transport and logistics – will identify and take active steps in relation to their vulnerable business processes and roles. The government is committed to preventing corruption at every level, both in the public and private sectors.

    Minister Van Weel of Justice and Security: ‘Criminals are often after information, data, access to a market or a means to launder money. To achieve that, they need inside help. So they recruit staff – and not in a subtle way. Everyone in a business or organisation needs protection against this. From the municipal officer who issues passports to the port worker checking containers or the haulage company exporting goods. This strategy pushes criminals out and tackles corruption and criminal subversion head-on.’

    Minister Uitermark of the Interior and Kingdom Relations: ‘Fighting corruption is an essential pillar to strengthen the resilience and integrity of public administration. Trust in our government depends on our ability to shield our civil servants and administrators from criminal influence. This anti-corruption strategy must contribute to a safer working environment and, by extension, to a safer society.’ 

    The strategy includes measures, such as designing processes to make it increasingly difficult to ‘do a job for a criminal’, act unethically or commit corruption offences. At flower auctions, for example, drug detection dogs are deployed at unpredictable times to deter drug traffickers from using staff to smuggle drugs through flower shipments. These dogs not only help detect drugs but also empower staff to adopt a firmer position when approached by criminals. Other measures include tighter authorisation controls for IT systems, greatly reducing the risk of access and limiting leaks of information to criminals.

    The Research and Documentation Centre (WODC) is examining where the greatest corruption risks exist in the Netherlands and assessing whether current practices are adequately aligned. The findings are expected early next year. In the meantime, the government is moving ahead with specific processes and sectors whose importance to national security and the economy is so great that we must address them decisively. These at least include central government operations, the issue of travel and identity documents, the resilience of local government officials, and the transport and logistics sectors.

    In addition to robust preventive measures, the government is making sustained investments in the National Police Internal Investigations Department, the Fiscal Intelligence and Investigation Service (FIOD), the Public Prosecution Service and the judiciary to detect and punish corruption and criminal interference. The Netherlands is also working with other EU Member States on an EU anti-corruption directive. It includes various criminal offences, some of which are new, aligns the minimum maximum sentences and limitation periods for corruption across the EU, and contains preventive provisions, such as regular national risk assessments and anti-corruption training for all civil servants and government-affiliated organisations.

    MIL OSI Europe News –

  • June 25, 1975, Lest We Forget

    Source: Government of India

    Source: Government of India (4)

    Fifty years ago, on this day, the Constitution of India was put in abeyance. The political leadership, trusted to usher a new social and economic future for the citizens, conflicted with the judiciary, and the Emergency was announced.

    Fundamental rights were taken away overnight. Political opposition was put behind bars. Young voices were chased away into oblivion, and the frightened citizens of India were left to reminisce about the ugly days of British rule, for such were the dictatorial and draconian measures of the government.

    The Emergency was a setback for a young republic, rediscovering its civilisational place in a rapidly transforming world.

    Even when the Indian citizens languished for basic necessities, they always had their fundamental rights; the right to express their opinions, the right to question their governments, the right to demand better facilities, the right to practice their religion, the right to access information via press, and the right to be critical of the government. With one proclamation, all those rights were discarded, leaving millions of citizens in a limbo.

    For the people, the period was plagued with uncertainty. Many leaders, who were indefinitely jailed, were refused trial. Some have confessed that they were not even allowed to meet their family members. Defence Minister Rajnath Singh once narrated how he could not meet his mother in her final days, because he was jailed. The press, unable to function on principle, printed blank pages as a mark of protest.

    The Emergency of 1975 is the story of India’s democratic character being strangled. Within this larger story, there were millions of stories, unheard, unacknowledged, and unfortunately forgotten.

    Even when people had nothing, they had their rights, and they snatched away at the whims and fancies of one party. In a world oscillating between communism and democracy of the west, India, under the political leadership of 1975, was forced to choose a path that would usher an irreversible stain on our history.

    A democracy flourishes because of people’s trust in the institutions. From the election commission to the judiciary, these are the pieces in the larger puzzle that come together for the country to function perfectly. The Emergency diluted the criticality of these institutions. Elections were delayed. The judgement of the Allahabad High Court was set aside. When mass sterilisations were carried out in the name of population control, people did not have an institution to turn to.

    Many defenders of the Emergency proclaim that the Emergency was announced to curb possible anarchy, but in hindsight, it ushered in an era of silent anarchy within the country.

    Fifty years later, the fourth largest economy of the world must not forget the lessons from the Emergency. When a political entity loses control and conviction, it turns to the institutions, even while in opposition. Some leaders blame the election commission when the results do not go in their favour. Some pin the blame on the judiciary, and if all else fails, the media is made the scapegoat. Such political entities must be discarded.

    Our democracy’s strength is derived from its institutions, for these empower our citizens as well. Today, a citizen, even if in disagreement with the government, can walk upto the Supreme Court if their fundamental rights are violated. Today, a citizen, irrespective of their place in the socio-economic pyramid, can voice their criticism against the government. Despite the election results, the political opposition continues to flourish in our country. This is what democracy is all about- a voice for all.

    The Emergency serves as a lesson in political governance as well. Leadership must not be used to trample upon people’s rights, but to uplift those who need it the most. A leader should be able to elevate everyone’s socio-economic status, be it through financial inclusion, better infrastructure, or more economic opportunities.

    Prime Minister Narendra Modi, who was a young RSS worker during the Emergency, has taken all the right lessons from the Emergency. In his policy pursuits, he has empowered the people through an array of welfare programmes. Not letting dissent or disagreement come in the way of welfare, the Prime Minister has ensured everyone moves along the path of welfare. Dissent can be an exception, but delivery has been made a routine exercise.

    Fifty years, lest we forget the horrors of the Emergency and the people who made the brave sacrifice. Many stories and people are forgotten, and their stories never surfaced, but they all were equal stakeholders in the cause of the country. They all were equally suffering under the tyranny of a government that violated its constitutional obligations and duties.

    (Tushar Gupta is a Delhi-based journalist and a political commentator)

  • Cabinet approves revised Jharia Master Plan with ₹5,940 crore financial outlay

    Source: Government of India

    Source: Government of India (4)

    The Cabinet Committee on Economic Affairs on Wednesday approved the Revised Jharia Master Plan (JMP), aimed at tackling long-standing issues of fire, land subsidence, and the rehabilitation of affected families in the Jharia Coalfield. The total financial outlay for this revised plan is ₹5,940.47 crore.

    The revised JMP adopts a phased approach to address fire and subsidence and rehabilitate affected families on a priority basis, starting with the most vulnerable sites. A strong emphasis is placed on sustainable livelihood generation to support resettled communities, ensuring they are not only housed but also economically empowered.

    As part of the rehabilitation strategy, skill development programmes will be introduced to enhance the employability of those displaced. Additionally, rehabilitated families—both Legal Title Holders (LTH) and Non-Legal Title Holders (Non-LTH)—will receive a Livelihood Grant of ₹1 lakh and will have access to credit support of up to ₹3 lakh through an institutional credit pipeline.

    The plan also includes the development of robust infrastructure and amenities at all resettlement sites, including roads, electricity, water supply, sewerage, schools, hospitals, skill-development centres, and community halls. These provisions will be implemented according to the recommendations of the Committee for Implementation of the Revised Jharia Master Plan, ensuring a holistic and humane approach to rehabilitation.

    Furthermore, a Jharia Alternative Livelihoods Rehabilitation Fund will be set up to support livelihood-related activities, and skill-development initiatives will be conducted in collaboration with Multi-Skill Development Institutes in the region. These measures aim to promote self-reliance and sustainable income-generation opportunities for all displaced families, making the Revised JMP a significant step toward long-term socioeconomic progress.

  • MIL-OSI USA: NASA to Welcome Fourth Private Astronaut Mission to Space Station

    Source: NASA

    As part of NASA’s efforts to expand access to space, four private astronauts are in orbit following the successful launch of the fourth all private astronaut mission to the International Space Station.
    A SpaceX Dragon spacecraft lifted off at 2:31 a.m. EDT Wednesday from Launch Complex 39A at NASA’s Kennedy Space Center in Florida, carrying Axiom Mission 4 crew members Peggy Whitson, former NASA astronaut and director of human spaceflight at Axiom Space as commander, ISRO (Indian Space Research Organisation) astronaut and pilot Shubhanshu Shukla, and mission specialists ESA (European Space Agency) project astronaut Sławosz Uznański-Wiśniewski of Poland and HUNOR (Hungarian to Orbit) astronaut Tibor Kapu of Hungary.
    “Congratulations to Axiom Space and SpaceX on a successful launch,” said NASA acting Administrator Janet Petro. “Under President Donald Trump’s leadership, America has expanded international participation and commercial capabilities in low Earth orbit. U.S. industry is enabling astronauts from India, Poland, and Hungary to return to space for the first time in over forty years. It’s a powerful example of American leadership bringing nations together in pursuit of science, discovery, and opportunity.”
    A collaboration between NASA and ISRO allowed Axiom Mission 4 to deliver on a commitment highlighted by President Trump and Indian Prime Minister Narendra Modi to send the first ISRO astronaut to the station. The space agencies are participating in five joint science investigations and two in-orbit science, technology, engineering, and mathematics demonstrations. NASA and ISRO have a long-standing relationship built on a shared vision to advance scientific knowledge and expand space collaboration.
    This mission serves as an example of the success derived from collaboration between NASA’s international partners and American commercial space companies.
    Live coverage of the spacecraft’s arrival will begin at 5 a.m., Thursday, June 26, on NASA+. Learn how to watch NASA content through a variety of platforms, including social media.
    The spacecraft is scheduled to autonomously dock at approximately 7 a.m. to the space-facing port of the space station’s Harmony module.
    Once aboard the station, Expedition 73 crew members, including NASA astronauts, Nicole Ayers, Anne McClain, and Jonny Kim, JAXA (Japan Aerospace Exploration Agency) astronaut Takuya Onishi, and Roscosmos cosmonauts Kirill Peskov, Sergey Ryzhikov, and Alexey Zubritsky will welcome the astronauts.
    The crew is scheduled to remain at the space station, conducting microgravity research, educational outreach, and commercial activities for about two weeks before a return to Earth and splashdown off the coast of California.
    The International Space Station is a springboard for developing a low Earth economy. NASA’s goal is to achieve a strong economy off the Earth where the agency can purchase services as one of many customers to meet its science and research objectives in microgravity. NASA’s commercial strategy for low Earth orbit provides the government with reliable and safe services at a lower cost, empowers U.S. industry, and enables the agency to focus on Artemis missions to the Moon in preparation for Mars while also continuing to use low Earth orbit as a training and proving ground for those deep space missions.
    Learn more about NASA’s commercial space strategy at:
    https://www.nasa.gov/commercial-space
    -end-
    Josh FinchHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov
    Anna SchneiderJohnson Space Center, Houston281-483-5111anna.c.schneider@nasa.gov

    MIL OSI USA News –

  • MIL-OSI USA: Office of the Governor – News Release – Governor Green Amends Intent-to-Veto List

    Source: US State of Hawaii

    Office of the Governor – News Release – Governor Green Amends Intent-to-Veto List

    Posted on Jun 24, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI
    KA MOKU ʻĀINA O HAWAIʻI
     
    JOSH GREEN, M.D.
    GOVERNOR
    KE KIAʻĀINA
     

    GOVERNOR GREEN AMENDS INTENT-TO-VETO LIST 
     

    FOR IMMEDIATE RELEASE
    June 24, 2025

    HONOLULU – Governor Josh Green, M.D., today added SB 935, Relating to Government, to the 2025 Intent-to-Veto list transmitted to Legislative leadership by the statutorily required June 24 deadline. SB 935 is one of the more complex pieces of legislation to emerge from the 2025 session. By including this bill on the list, it allows the Governor to have the time to make an informed and well-researched decision. The addition of the bill brings the number of bills on the Intent-to-Veto list to 20, as compared to the record number of bills Governor Green has signed from the past session.

    Again, Governor Green is not required to veto every bill indicated on the Intent-to-Veto list, but cannot veto a bill that is not included. The release of this list provides additional time to continue ongoing discussions with key stakeholders concerning implementation and impact. Due to the record-setting number of bills enrolled to the governor this legislative session, potential changes to the state’s federal funding and reduced revenue projections from the Council on Revenues, additional time to analyze bills will ensure each bill is given the nuanced, thoughtful consideration it deserves. Governor Green has until July 9 to issue final vetoes. All other bills will become law by July 9.

    “Let me be clear: of the 320 bills passed by the Legislature this session, 20 are on our Intent-to-Veto list,” said Governor Green. “Our team has completed a review of every measure and the overwhelming majority of legislation will become law. Each bill on today’s list is based on thorough legal and fiscal analysis, and as always, was guided by what will best serve the people of Hawai‘i, protect our resources and strengthen our future.”

    To date, Governor Green has signed more than 200 bills into law benefiting the people and ‘āina of Hawai‘i, with core themes including environmental stewardship, educational access and success, as well as public safety. These represent key focus areas so far; additional bills awaiting signature will build upon this foundation to address state priorities. The remaining bills are on track to become law by July 9.

    Over 300 bills were reviewed by state departments and agencies, the Attorney General and the Governor in the last month. The Governor has until July 9 to issue final vetoes from the list, to sign them into law, or to allow them to become law without his signature.

    The following bills are being considered for vetoes, line-item vetoes, or reductions. Note that line-item vetoes only apply to fiscal bills.

    Fiscal Bills:

    HB126: RELATING TO PROPERTY FORFEITURE

    Bill Description: Increases transparency and accountability surrounding property forfeiture. Clarifies which property is subject to forfeiture. Amends the authorized disposition of forfeited property and the proceeds thereof. Requires the Attorney General to adopt rules necessary to carry out the purpose of the Hawaiʻi Omnibus Criminal Forfeiture Act. Repeals language that requires the Hawaiʻi Omnibus Criminal Forfeiture Act to be construed liberally.

    Veto Rationale: Asset forfeiture serves as a powerful deterrent against and punishment for criminal activity. The one-year deadline to return seized property for which the owner has not been charged with a covered offense, significantly weakens the efficacy of this dual deterrent and punishment. Many covered offenses, including felonies, often involve complex investigations that extend beyond a year, rendering this bill’s one-year deadline for law enforcement to file charges unrealistic. Seized property can serve as critical evidence in investigations, and its return before an investigation’s completion would severely hamper the investigation as well as the administration of justice at large.

    HB300: RELATING TO THE STATE BUDGET

    Bill Description: Appropriates funds for the operating and capital improvement budget of the Executive Branch for fiscal years 2025-2026 and 2026-2027.

    Veto Rationale: Potential shifts in federal funding, coupled with recent projections from the Hawaiʻi Council on Revenues, require the state to reevaluate its budget to ensure essential services and priorities remain supported. Specific line-item reductions based on program feasibility, stability, and sustainability will help the state enter the fiscal year with a balanced budget and sound financial plan.

    HB302: RELATING TO CANNABIS
    Bill Description: Part I: Authorizes DOH to inspect qualifying patient medical records held by the physician, advanced practice registered nurse, or hospice provider who issued a written certification for the qualifying patient. Amends and adds definitions for purposes of the medical use of cannabis law. Clarifies the conditions of use for the medical use of cannabis. For purposes of issuing written certifications, authorizes the establishment of a provider-patient relationship via telehealth and limits the maximum amount of fees that can be assessed by providers. Authorizes the sale of hemp products and accessories for the medical use of cannabis at retail dispensing locations, except in waiting rooms. Clarifies transportation requirements for certain inter-dispensary sales of cannabis and manufactured cannabis products. Part II: Establishes criminal penalties for the unlicensed operation of a medical cannabis dispensary. Part III: Authorizes expenditures from the Medical Cannabis Registry and Regulation Special Fund to fund programs for the mitigation and abatement of nuisances related to illegal cannabis and hemp products and medical cannabis dispensaries and appropriates funds from the Special Fund to the AG’s Drug Nuisance Abatement Unit for these purposes, including establishing positions. Part IV: Beginning 1/1/2028, prohibits the cultivation of cannabis without a cannabis cultivator license issued by DOH.

    Veto Rationale: This administration remains committed to Hawai‘i’s existing medical cannabis program and supports efforts to expand access to medical cannabis for any medical condition. Although this bill’s authorization of medical cannabis certifications via telehealth expands access to medical cannabis, provisions authorizing the inspection of patients’ medical records without warrant constitute a grave violation of privacy. Given that the federal government classifies cannabis as a Schedule I substance, patients’ reasonable fears of repercussions based upon information gained from inspection of their personal medical records may deter patients from participating in the medical cannabis program.

    HB496: RELATING TO MĀMAKI TEA

    Bill Description: Prohibits the use of certain words and misleading Hawaiian imagery, place names, and motifs on the label of a consumer package that contains or includes tea or dried leaves from the plant Pipturus albidus, unless 100% of the tea or dried leaves were cultivated, harvested, and dried in the state. Appropriates funds for a Measurement Standards Inspector position.

    Veto Rationale: While the intent of this measure is to ensure consumer protection and reliable Made in Hawai‘i labeling, the bill imposes overly strict labeling requirements that could harm small businesses and māmaki producers who responsibly blend leaves from multiple sources. Prohibiting the labeling of products composed of less than 100% māmaki tea as “māmaki” ignores the economic contributions of and impacts to producers who mix or process māmaki with other herbs, undermining producers who support local māmaki farmers while meeting broader demand.

    HB796: RELATING TO TAX CREDITS

    Bill Description: Requires that income tax credits existing on 12/31/2025 or established or renewed after 12/31/2025 include a five-year sunset or an annual one-third reduction, beginning with the sixth year of the credit.

    Veto Rationale: This bill would have a significant long-term impact on income tax credits across a variety of industries, including film and television, research, and renewable energy. These tax credits are critical to supporting economic development and diversification, particularly within growing and emerging sectors. Categorically sunsetting income tax credits will not only disincentivize future investors from doing business in Hawai‘i, but will destabilize existing businesses that currently rely upon these tax credits.

    HB1369: RELATING TO TAXATION

    Bill Description: Amends and repeals certain exemptions under the general excise tax and use tax laws.

    Veto Rationale: The amendments to the general excise tax and use tax contained in this bill would impact sugarcane producers, commercial fishing vessels and securities exchanges. Removing the specific tax exemptions afforded to these entities would provide little financial benefit to the state while harming, in particular, sugarcane producers.

    SB583: RELATING TO NAMING RIGHTS

    Bill Description: Allows the naming rights of the Stadium Facility and Convention Center Facility to be leased to any public or private entity. Requires any revenues derived from advertising or marketing in or on the Stadium Facility or Convention Center Facility to be deposited into the appropriate special fund of the facility. Authorizes the display of the name of any entity that leased the naming rights to a stadium operated by the Stadium Authority on the exterior of the stadium.

    Veto Rationale: Pursuant to section 14, article III, of the Hawai‘i State Constitution, each bill may only contain one subject, which must pertain to the bill’s title. The exemption of concessions in the stadium facility and Convention Center from typical concession procurement procedures may violate section 14, article III, of the Hawai‘i State Constitution since the exemption appears to fall outside the titular scope of the bill, naming rights.

    SB589: RELATING TO RENEWABLE ENERGY

    Bill Description: Requires the Public Utilities Commission to establish an installation goal for customer-sited distributed energy resources in the state. Requires the Public Utilities Commission to establish tariffs to achieve the installation goal and for grid services programs, microgrids and community-based renewable energy. Ensures that certain levels of compensation are provided for solar and energy storage exports from customer-sited distributed energy resources as part of grid service programs and requires the Public Utilities Commission to establish grid service compensation values. Clarifies when a person who constructs, maintains, or operates a new microgrid is not considered a public utility. Authorizes wheeling of renewable energy and requires the Public Utilities Commission to establish policies and procedures to implement wheeling and microgrid service tariffs.

    Veto Rationale: Maintaining Hawai‘i’s leadership in clean energy through established goals and initiatives remains a priority. The Public Utilities Commission has already opened or plans to open proceedings relating to microgrid services tariffs and customer-sited distributed energy resources and grid services. The mandates contained in this bill therefore risk duplication and delay of already existing efforts.

    Non-Fiscal Bills:

    HB235: RELATING TO TRAFFIC SAFETY

    Bill Description: Requires the Department of Transportation, after the City and County of Honolulu educates the public and adjusts any systems, to expand the use of photo red light imaging detector systems and automated speed enforcement systems to locations on the North Shore of O‘ahu.

    Veto Rationale: The Department of Transportation has developed specific criteria for the selection of communities within which to implement traffic safety systems. This criteria incorporates data-driven crash, citation and traffic volume metrics, which ensure communities are chosen based on need and potential for greatest impact. Ignoring this criteria in favor of legislatively mandated location selection threatens the integrity of the photo red light imaging detector system and automated speed enforcement system programs.

    HB800: RELATING TO GOVERNMENT

    Bill Description: Provides for the transfer of certain parcels in the Liliha Civic Center area and Iwilei Fire Station area from various state agencies to the City and County of Honolulu. Provides for the transfer of the parcel of land upon which Ali‘i Tower is sited from the City and County of Honolulu to the Department of Land and Natural Resources. Exempts the lands transferred to the Department of Land and Natural Resources from the definition of public lands for purposes of Chapter 171, HRS.

    Veto Rationale: The land transfers provided in the bill would negatively impact the City and County of Honolulu, which relies upon Ali‘i Tower’s land lease revenues and office spaces. Additionally, the state would face indeterminate additional costs, as Ali‘i Tower’s age likely necessitates capital improvements and ongoing maintenance. Although the intent of this bill is to reduce the state’s reliance on private commercial office space, no analysis exists identifying the amount of office space the acquisition of Aliʻi Tower would provide the state.

    HB958: RELATING TO TRANSPORTATION

    Bill Description: Establishes safe riding behaviors for electric bicycles. Prohibits the operation of high-speed electric devices in certain locations. Establishes labeling and signage requirements for electric bicycles. Prohibits the operation of a moped or electric motorcycle in certain locations. Amends the definition of “bicycle” for purposes of county vehicular taxes. Defines “electric bicycle” in place of “low-speed electric bicycle.” Defines “electric micro-mobility device” and requires the same regulations as electric foot scooters to apply to electric micro-mobility devices. Prohibits a person under the age of 16 from operating a class 3 electric bicycle. Authorizes a person under the age of 14 to operate class 2 electric bicycles under supervision. Prohibits a person from riding a class 3 electric bicycle on a sidewalk. Authorizes a person to ride a class 1 or class 2 electric bicycle on a sidewalk under certain circumstances. Prohibits a person from operating a bicycle or electric foot scooter under the age of 18 without a helmet. Repeals the requirement that moped drivers use bicycle lanes and substitutes the term “motor-driven cycle” with the term “motor scooter.”

    Veto Rationale: While mopeds and motorcycles are exempt from the prohibition established within this bill, on “high-speed electric devices” driving on public roadways, electric cars are not exempt. Such a prohibition would likely violate the Commerce Clause and Equal Protection Clause of the United States Constitution and conflict with the administration’s commitment to reducing greenhouse gas emissions.

    HB1296: RELATING TO THE MAJOR DISASTER FUND

    Bill Description: Establishes timely notice and reporting requirements to the Legislature by the Governor regarding the transfer of appropriations to the Major Disaster Fund. Effective 7/1/2025. Sunsets 7/1/2026.

    Veto Rationale: The administration is committed to the transparent, efficient management of state funds. During times of emergency, flexibility and the quick release of funds is necessary to respond to rapidly changing situations. This bill disrupts the delicate balance between reporting requirements facilitating government transparency and fiscal flexibility undergirding efficient response and recovery efforts. Placing additional administrative oversight over funds expended for emergencies jeopardizes public safety.

    SB15: RELATING TO HISTORIC PRESERVATION

    Bill Description: Amends the definition of “historic property” to require that the property is over 50 years old and meets the criteria for inclusion in the Hawaiʻi Register of Historic Places. Excludes proposed projects on existing residential property and proposed projects that are in nominally sensitive areas from the State’s Historic Preservation Program review, under certain circumstances.

    Veto Rationale: Exempting proposed projects on any existing residential property from historic preservation review fails to consider properties that have never undergone such a review and may contain historically significant artifacts or iwi kūpuna. This categorical exclusion increases the risk for desecration of iwi kūpuna and historical resources. Although Governor Green supports amending the historic preservation review process to facilitate housing production, a more nuanced approach to protecting iwi kūpuna is needed, such as that advanced in SB 1263.

    SB31: RELATING TO PROPERTY

    Bill Description: Authorizes a person who discovers a recorded discriminatory restrictive covenant to take certain actions, without liability, to invalidate the covenant. Defines discriminatory restrictive covenant.

    Veto Rationale: By enabling any person, including those without any interest in the specified real property, to record a statement that a real property’s title includes a discriminatory restrictive covenant, this bill provides a statutorily authorized mechanism for the circulation of disinformation. This disinformation has the potential to negatively affect the marketability of a property. Because the person who recorded the statement claiming a discriminatory restrictive covenant exists is waived of any liability, no recourse is available to those who suffer financial loss due to inaccurate claims concerning their property’s title.

    SB38: RELATING TO HOUSING

    Bill Description: Requires the Hawaiʻi Housing Finance and Development Corporation to provide counties with an opportunity to comment on certain housing development projects. Prohibits the legislative body of a county from imposing stricter conditions than the Hawaiʻi Housing Finance and Development Corporation, stricter area median income requirements, or a reduction in fee waivers to housing development proposals that would increase the cost of the project.

    Veto Rationale: County councils have expressed concerns that this bill hampers their ability to work with developers to modify housing projects to reflect the specific needs of their communities. While the administration supports measures intended to facilitate the production of affordable housing, further dialogue with the counties on this measure’s implementation is required.

    SB66: RELATING TO HOUSING

    Bill Description: Establishes procedures and requirements for single-family and multifamily housing project applicants to apply for an expedited permit, including requirements for completeness of expedited permit applications, duties of licensed professionals and the counties during construction, and applications for owner-builder exemptions. Takes effect 7/1/2026. Sunsets 6/30/2031.

    Veto Rationale: By allowing any qualified professional to determine a project’s impact on historical resources, this bill permits a project proponent to evaluate and determine the impact of its own projects on historical resources. This is a conflict of interest that allows for self-serving determinations, undermines the authority and purpose of regulatory agencies’ independent evaluations, and increases risk to iwi kūpuna.

    SB104: RELATING TO CORRECTIONS

    Bill Description: Beginning 7/1/2026, restricts the use of restrictive housing in state-operated and state-contracted correctional facilities, with certain specified exceptions. Establishes a restrictive housing legislative working group to develop and recommend more comprehensive laws, policies and procedures regarding restrictive housing for members of vulnerable populations by 1/8/2027. Requires the Hawaiʻi Correctional System Oversight Commission to review restrictive housing placements on an annual basis. Authorizes the Department of Corrections and Rehabilitation, by 12/1/2027, to implement policies and procedures recommended by the restrictive housing working group related to committed persons. Requires interim and final reports to the Legislature and Hawaiʻi Correctional System Oversight Commission.

    Veto Rationale: The Department of Corrections and Rehabilitation has policies in place governing the use of restrictive housing. These policies and procedures comply with National Institute of Corrections and American Correctional Association standards. Rather than improve the health and safety of those in the department’s care, the implementation of certain requirements proposed in this bill will jeopardize the safety, security and good governance of the department’s facility, negatively impacting inmates. In lieu of this measure and to address stakeholders’ concerns, the department is working with the Hawaiʻi Correctional Systems Oversight Commission to amend its policies and procedures.

    SB447: RELATING TO A DEPARTMENT OF HEALTH PILOT PROGRAM

    Bill Description: Establishes a Hiring Pilot Program within the Department of Health, which includes an amended hiring procedure for delegated position classifications, certain flexibilities regarding minimum qualifications for positions having a salary range at or below SR-10, the ability to directly hire certain individuals into a civil service position if certain conditions are met, and the authority to make certain temporary appointments at the merited civil service pay scale without step limitation. Applies to recruitments initiated before 7/1/2028. Requires annual reports to the Legislature. Sunsets 7/1/2028.

    Veto Rationale: The governor strongly supports efforts to streamline the state’s hiring process to address our workforce vacancies, especially those in our state’s public health sector. However, this bill conflicts with state civil service law, undermining the state’s merit-based civil service system. Disparities in hiring, classification and compensation throughout the state are expected to occur should this bill become law.

    SB1102: RELATING TO THE AIRCRAFT RESCUE FIRE FIGHTING UNIT

    Bill Description: Specifies the appointment processes and terms for the Fire Chief of the Hawaiʻi State Aircraft Rescue Fire Fighting Unit of the Airports Division of the Department of Transportation.

    Veto Rationale: The appointment process proposed in the bill is inconsistent with the selection process for other department leadership positions. Further, due to the need to obtain legislative approval for the appointment of the Fire Chief, following the appointment process contained in this bill may delay the appointment of this critical leadership position, impacting airport operations, safety and readiness.

    # # #

    Media Contacts:  
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected] 

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

  • MIL-OSI: XRP Holders Explore New Avenues as Topnotch Crypto Launches High-Yield XRP Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — As XRP continues to be a focal point of discussion in the cryptocurrency community, Topnotch Crypto has announced the launch of its innovative XRP cloud mining contracts, attracting significant interest from both long-term XRP holders and the broader investment community. This launch comes at a time when investors are actively seeking new ways to leverage their digital assets.

    The new offering from Topnotch Crypto provides a compelling opportunity for those looking to generate passive income through XRP and other leading cryptocurrencies, establishing a new benchmark for accessibility and profitability in the cloud mining sector.

    Visit the official Topnotch Crypto website: https://topnotchcrypto.com/

    Making XRP Mining a Reality for Everyone

    Traditionally, the unique consensus mechanism of XRP has made it unmineable in the conventional sense. Topnotch Crypto addresses this by offering simulated cloud mining contracts that allow users to earn XRP rewards. This innovative approach removes the need for expensive hardware or technical expertise, making XRP-focused returns accessible to all.

    A spokesperson for Topnotch Crypto stated, “We recognize the strong community behind XRP and have designed our new contracts to provide them with a transparent and straightforward way to increase their holdings. Our goal is to empower a broader audience to participate in the future of digital finance.”

    The platform advanced, green-energy-powered mining facilities handle all the technical complexities, allowing users to rent computing power and start earning rewards in XRP, Bitcoin, Ethereum, and other popular cryptocurrencies.

    A Flexible Range of Contracts for Every Investor

    Topnotch Crypto has structured a variety of mining contracts to cater to different investment levels and goals. The potential returns are clear and transparent:

    • $15 Contract: A 1-day contract with a $0.60 return, for a total of $15.60 at expiration.
    • $100 Contract: A 2-day contract providing a $3 daily return, totaling $106 upon expiration.
    • $500 Contract: A 7-day contract generating a $6 daily return, for a total of $542 at expiration.
    • $1,100 Contract: A 15-day contract with a daily return of $14.63, totaling $1,319.45 at expiration.
    • $4,800 Contract: A 20-day contract offering a daily return of $69.60, for a total of $6,192 at expiration.
    • $10,000 Contract: The premier 30-day contract delivering a daily return of $155, resulting in a total of $14,650 and a profit of $4,650.

    Click here to view complete contract details

    How to Begin with Topnotch Crypto

    The process to start mining is simple:

    1. Register a platform account and you will receive $15, and you will receive a $0.6 reward for daily sign-in
    2. Select Your Contract: Browse our range of XRP cloud mining contracts and choose the one that fits your goals.
    3. Start Earning: Activate your chosen plan and begin receiving daily XRP rewards automatically.

    Don’t wait for the next XRP rally to start earning. Explore the future of XRP mining with Topnotch Crypto today at https://topnotchcrypto.com

    About Topnotch Crypto

    Topnotch Crypto is a global cloud mining platform committed to simplifying cryptocurrency mining. With a focus on providing opportunities for enthusiasts of XRP and other major digital assets, the company offers a secure, user-friendly, and environmentally conscious way to generate passive income.

    To explore the future of XRP cloud mining, visit: https://topnotchcrypto.com/

    More information:

    Official website: https://topnotchcrypto.com

    APP download: https://topnotchcrypto.com/xml/index.html#/app

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining involves risks, including the potential loss of principal. It is strongly recommended that you perform your own due diligence and consult with a professional financial advisor before making any investment or trading decisions in cryptocurrencies and securities.

    The MIL Network –

  • MIL-OSI: XRP Holders Explore New Avenues as Topnotch Crypto Launches High-Yield XRP Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — As XRP continues to be a focal point of discussion in the cryptocurrency community, Topnotch Crypto has announced the launch of its innovative XRP cloud mining contracts, attracting significant interest from both long-term XRP holders and the broader investment community. This launch comes at a time when investors are actively seeking new ways to leverage their digital assets.

    The new offering from Topnotch Crypto provides a compelling opportunity for those looking to generate passive income through XRP and other leading cryptocurrencies, establishing a new benchmark for accessibility and profitability in the cloud mining sector.

    Visit the official Topnotch Crypto website: https://topnotchcrypto.com/

    Making XRP Mining a Reality for Everyone

    Traditionally, the unique consensus mechanism of XRP has made it unmineable in the conventional sense. Topnotch Crypto addresses this by offering simulated cloud mining contracts that allow users to earn XRP rewards. This innovative approach removes the need for expensive hardware or technical expertise, making XRP-focused returns accessible to all.

    A spokesperson for Topnotch Crypto stated, “We recognize the strong community behind XRP and have designed our new contracts to provide them with a transparent and straightforward way to increase their holdings. Our goal is to empower a broader audience to participate in the future of digital finance.”

    The platform advanced, green-energy-powered mining facilities handle all the technical complexities, allowing users to rent computing power and start earning rewards in XRP, Bitcoin, Ethereum, and other popular cryptocurrencies.

    A Flexible Range of Contracts for Every Investor

    Topnotch Crypto has structured a variety of mining contracts to cater to different investment levels and goals. The potential returns are clear and transparent:

    • $15 Contract: A 1-day contract with a $0.60 return, for a total of $15.60 at expiration.
    • $100 Contract: A 2-day contract providing a $3 daily return, totaling $106 upon expiration.
    • $500 Contract: A 7-day contract generating a $6 daily return, for a total of $542 at expiration.
    • $1,100 Contract: A 15-day contract with a daily return of $14.63, totaling $1,319.45 at expiration.
    • $4,800 Contract: A 20-day contract offering a daily return of $69.60, for a total of $6,192 at expiration.
    • $10,000 Contract: The premier 30-day contract delivering a daily return of $155, resulting in a total of $14,650 and a profit of $4,650.

    Click here to view complete contract details

    How to Begin with Topnotch Crypto

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    The MIL Network –

  • MIL-OSI United Kingdom: Landmark plan to rebuild NHS in working class communities

    Source: United Kingdom – Executive Government & Departments

    Press release

    Landmark plan to rebuild NHS in working class communities

    The 10 Year Health Plan will set out how the government plans to tackle inequalities in people’s health through fundamental reforms to our health system

    • Billions freed up to move critical resources like medicines and equipment to regions that most need them
    • Major changes to how GP funding is distributed to help working class communities and coastal areas
    • Health Secretary to speak in Blackpool on 10 Year Health Plan’s focus on closing health inequalities

    People living in working class communities and areas where medical resources are desperately needed are set to benefit from a huge boost in support, with billions of pounds diverted to deprived areas regions, as the Government’s 10 Year Health Plan takes unprecedented action to tackle the nation’s stark health inequalities.  

    After years of neglect, areas where people need the NHS most often have the fewest GPs, the worst performing services, and the longest waits – a phenomenon dubbed the inverse care law. People in working class areas and coastal towns spend more of their lives in ill health and life expectancy among women with the lowest incomes has fallen in recent years, after decades of progress.

    The 10 Year Health Plan will set out how the government plans to rebuild the NHS and tackle widening inequalities in people’s health through fundamental reforms to our health system, putting an end to a postcode lottery of care.

    In recent months, the NHS has driven trusts and ICBs hard to cut out wasteful spending and tackle projected deficits. By driving out the culture of deficits, around £2.2 billion previously set aside for deficit support will be freed up, so it can be reinvested in critical resources like staff, medicines, new technology and equipment where they are most needed. This will support millions of people in parts of England that have historically been left behind – such as in rural communities, coastal towns, and working-class communities.

    The Health Secretary will announce the change during a speech in the North West.

    Speaking in the North West today, Health and Social Care Secretary Wes Streeting is expected to say:

    The truth is, those in greatest need often receive the worst quality healthcare. It flies in the face of the values the NHS was founded on. The circumstances of your birth shouldn’t determine your worth. A core ambition of our ten-year plan will be to restore the promise of the NHS, to provide first class healthcare for everyone in our country and end the postcode lottery.

    Last year we sent crack teams of top clinicians to hospitals in parts of the country with the highest waiting lists and levels of economic inactivity. It has seen waiting lists in those areas falling twice as fast as the rest of the country, helping get sick Brits back to health and back to work.

    Thanks to the reforms we’ve made to bear down on wasteful spending, we can now invest the savings in working class communities that need it most. Where towns have the greatest health needs and the fewest GPs, we will prioritise investment to rebuild your NHS and rebuild the health of your community.

    Over the past 14 years, NHS trusts have relied heavily on deficit support, with the taxpayer forced to cover the shortfall in their budgets, even when finances have been managed badly. Since becoming NHSE Chief Executive, Jim Mackey has driven down billions in planned deficits, cutting out spending on agency staff and back office costs.

    This year, the £2.2 billion in deficit support funding will not go to systems that fail to meet their agreed financial plans. Deficit support funding will be phased out entirely from 2026/27, with no more reward for failure. Instead, the Government will introduce a transparent financial regime for this year that properly holds leaders to account over financial plans. Struggling trusts will be required to set out activity and costs so they can take steps to improve. The tougher financial regime will free up funding that will be reinvested in frontline services in working class communities.

    The government’s 10 Year Health Plan will also address the inequalities in GP services across England. Currently, GP surgeries which serve working class areas receive on average 10% less funding per patient than practices in more affluent areas. Royal College of GP data shows that practices in some of the country’s poorest areas have roughly 300 more patients per GP than the most affluent regions.

    Through the 10 Year Health Plan, the Government will review into the way formula through which GP funding is allocated across the nation – so working-class areas receive their fair share of resources.

    Dr Amanda Doyle, NHS England national director for primary care said:

    It is essential that GP practices serving our most deprived communities, where health challenges are often greatest, receive a fair share of resources that reflects their need.

    The NHS is committed to ensuring people can access the help they need as quickly and easily as possible and ensuring funding reflects this will help us to do just that.

    This work will look at how health needs are reflected in the distribution of funding through the GP contract, drawing on evidence and advice from experts such as The Advisory Committee on Resource Allocation (ACRA), and in consultation with the GP committee of the BMA and other stakeholders. 

    The Government has already sent top doctors to support hospital trusts in areas where more people are out of work and waiting for treatment. The crack teams have been sent into NHS hospitals serving communities with high levels of economic inactivity, helping trusts go further and faster to improve care in these areas, where more people are neither employed nor actively seeking work, for reasons including ill health.

    Earlier this year, the government struck a new agreement with the independent sector as part of the Government’s plans to end the hospital waiting list backlog – giving patients in more deprived areas, where NHS provision is more limited, a greater choice over where they are treated.

    This comes after the Health and Social Care Secretary announced a series of new measures to tackle inequalities in maternity care earlier this week. The rapid national investigation will provide truth and accountability for impacted families and drive urgent improvements to care and safety. It will also focus on inequalities in maternal care, which see black women almost three times as likely to die from childbirth as white women. 

    Jacob Lant, Chief Executive of National Voices, said:

    Lord Darzi said in his review last summer that the inverse care law was still very real, with those who need the NHS the most often living in areas that have gotten the least investment.

    The NHS 10 Year Plan needs to turn this completely on its head if the Government is to achieve its election promise on health inequalities and halve the gap in healthy life expectancy between different communities by 2035.

    Shifting the money is only half the battle. We need to see outcomes on health inequalities used as one of the key success measures for NHS leaders as a new culture of accountability is developed post publication of the Plan.

    Cllr Louise Gittins, Chair of the Local Government Association, said:

    Across the country, councils are working tirelessly to incorporate fairness into housing, employment, and public health initiatives, often in the face of significant challenges.

    Health inequalities are the stark and often unjust differences in health outcomes seen across various communities. These disparities may present themselves as variations in life expectancy, the prevalence of chronic diseases, and access to healthcare services.

    Addressing these issues requires concerted efforts and targeted support. Health inequalities are estimated to cost the NHS an extra £4.8 billion a year, society around £31 billion in lost productivity, and between £20 and £32 billion a year in lost tax revenue and benefit payments. Health is therefore a major determinant of economic performance and prosperity.

    Councils are pivotal in addressing health inequalities. By collaborating closely with local communities, businesses, and organisations, local authorities and the NHS can develop targeted interventions to improve health outcomes.

    Notes to editors

    The Royal College of GP data on patient numbers can be found here.

    Updates to this page

    Published 25 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Bitget Shines at Perú Blockchain Conference 2025

    Source: GlobeNewswire (MIL-OSI)

    LIMA, Peru, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has concluded a successful showing at the Perú Blockchain Conference 2025 as a Silver Sponsor, reinforcing its commitment to advancing crypto education and adoption across Latin America.

    Held from June 20 to 21 at the CIP Convention Center in San Isidro, Lima, the event brought together blockchain innovators, industry leaders, and Web3 enthusiasts from across the region. Bitget engaged with attendees through a high-traffic exhibition booth, showcasing its full suite of trading products and Web3 ecosystem offerings.

    Kicking off the conference weekend, Bitget hosted a VIP Welcome gathering on June 19, engaging with key stakeholders, fintech entrepreneurs, and regional partners to strengthen relationships and explore future collaborations.

    At the main conference, Bitget made significant educational contribution through two expert-led presentations. Gildardo Herrera, Bitget’s Head of LATAM and Iberia Strategy, took to the main stage to deliver a keynote exploring the evolving role of centralized exchanges in supporting crypto adoption across emerging markets. In his talk, Herrera emphasized how platforms like Bitget are building user trust, expanding access to digital assets, and offering innovative products tailored to the region’s unique financial landscape. He also highlighted Bitget’s ongoing investment in local talent and infrastructure as a strategic approach to strengthening its presence across Latin America.

    Matias Part, Bitget’s LATAM/Iberia P2P Manager, also took the stage, presenting a focused educational session titled “Trading Bots: What They Are, How They Work, and How to Use Them to Improve Your Trading Performance.” His presentation demystified algorithmic trading by breaking down how trading bots operate, the types of strategies they execute, and how they can help users trade smarter by automating decisions based on market signals. Matias also shared real-world examples and practical tips for integrating trading bots into retail and institutional strategies, making the session a valuable learning opportunity for both novice and experienced traders alike. 

    Bitget’s presence at Perú Blockchain Conference 2025 underpins its ongoing investment in Latin America, one of the fastest-growing regions for digital asset adoption. With a strong local team and tailored product offerings, Bitget remains focused on making crypto trading more accessible, secure, and efficient for users across the continent.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com 

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e45b7de7-e5b6-4d6f-91f0-d7649bd871ac

    The MIL Network –

  • MIL-OSI NGOs: Why Pride in Budapest must go ahead: An Interview with Eszter Mihály

    Source: Amnesty International –

    A new law banning assemblies that support LGBTI rights came into effect in Hungary earlier this year, in a direct attack on LGBTI people, their allies, and the right to protest. As a result, the Budapest Pride march due to take place on 28 June is under threat.

    Eszter Mihály, LGBTQI+ Rights Officer at Amnesty International Hungary, has been leading the organization’s campaign “Let Pride March” and is calling for national police to ensure the event in Budapest goes ahead without repression, surveillance, or intimidation. 

    In this interview, she shares more about her work as an activist and lawyer, the reality of being LGBTI in Hungary and why Pride must go ahead.

    What made you join the fight for LGBTI+ rights?  

    After graduating from law school, I was determined to become a human rights lawyer, believing that a just society is measured by its treatment of the most vulnerable. Initially, I focused on human rights violations in the prison system, but when the government started to target LGBTI individuals and those advocating for their rights, I shifted my focus.

    I had the opportunity to work on cases against the ban on legal gender recognition for transgender people but soon realised that addressing individual cases wasn’t enough. I wanted to utilize broader tools to encourage social change and affirm dignity and equality. This is why I joined Amnesty International Hungary’s team as an LGBTI rights officer. 

    What’s been the reality for LGBTI+ rights and communities in Hungary over the past few years?

    Since 2010, there has been a growing stigmatization of LGBTI individuals in the narratives promoted and legislation adopted by the ruling parties in Hungary. This trend has seemingly reached its peak with recent legal amendments that permit the banning of Pride marches and protests supporting LGBTI rights.

    The amendments also allow authorities to impose sanctions on organisers and participants and to use facial recognition technology to identify them. Attendees of a banned Pride march could face fines of up to 200,000 HUF (500 euros). 

    What do you make of the government’s escalating crackdown on LGBTI+ rights?  

    The escalating crackdown on LGBTI rights in Hungary can be understood as a deliberate political strategy. Orbán’s government frames LGBTI rights as a foreign trend that threatens national identity and sovereignty, and the visibility of LGBTI identities as harmful for children’s moral development. This pattern of regression is not happening in isolation but follows a broader global “anti-gender” trend where marginalized groups are targeted to divert attention from systemic issues such as corruption or the failings of public services. 

    State-driven rhetoric that portrays LGBTI rights and visibility as threats to children or traditional values can heighten social hostility. This kind of framing leads to increased stigma and scapegoating within communities, schools, and workplaces. 

    The crackdowns on LGBTI rights are part of a wider effort to suppress independent voices, including human rights organizations, often labelling them as foreign agents. A new Bill on the “Transparency of Public Life” was recently submitted, which could allow the government to blacklist various organizations that receive foreign funding and are deemed to threaten Hungary’s sovereignty.

    How is the LGBTI+ community and its allies responding to the crackdown on their rights and potential ban of Budapest’s Pride on 28 June?  

    There is more interest in participating in Budapest Pride than ever before.

    The Rainbow Mission Foundation, the organiser, has publicly confirmed its commitment to hold the event this year. In support of LGBTI rights, Amnesty Hungary, Háttér Society, the Hungarian Helsinki Committee, and the Hungarian Civil Liberties Union have organised protests and are taking legal action to challenge both the police’s decision to ban a protest supporting LGBTI rights and the underlying law. Budapest’s mayor, Gergely Karácsony, has also announced that the march will proceed as an official municipal event. 

    Moreover, Amnesty International has launched a “Let Pride March” campaign to rally global support and encourage the Hungarian police to ensure safe participation on June 28 collecting more than 100,000 signatures from more than 70 countries. 

    What is special about the annual Pride march in Budapest?

    Budapest Pride has undergone remarkable transformation since its first march in 1997, evolving from a modest, heavily policed gathering into a powerful symbol of love and resistance.

    My first experience in 2015, followed by several years of volunteering to support the organisers, has shown me the profound creativity, courage, and solidarity that define the event today, despite increasing government repression. Around the time I started to attend, the police still maintained barricades “for protection,” but year-by-year, we managed to break these barriers and started marching freely. 

     The joy, unexpected hugs, and the sight of queer couples kissing freely in public, perhaps for the first time without fear, are my favourite moments that inspire hope and resilience. 

    The joy, the unexpected hugs, and the sight of queer couples kissing freely in public is what makes the Pride March in Budapest special.

    What does this year’s Pride represent?  

    This year’s Pride march is not just about LGBTI rights; it is a test of whether the human right to peaceful assembly can survive in Hungary, and if Hungary can ban and criminalise Pride with minimal pushback, other European countries might follow suit.  

    I believe Budapest’s determination will prevail, showing that LGBTI people are integral to Hungarian society, not “foreign ideologies”. 

    What support have you received internationally?

    We have witnessed significant international solidarity. A cross-party group of Members of the European Parliament, Hadja Lahbib, the EU Commissioner for Equality, and Graeme Reid, the UN Independent Expert on Protection against violence and discrimination based on sexual orientation and gender identity, have announced their intention to march in Budapest in defiance of the ban.

    I strongly believe that resilience and solidarity can drive meaningful change, especially in the face of adversity. The growing visibility of LGBTI people can serve as a powerful counteraction to the government’s campaign of hate and discrimination. Looking ahead to next year, Hungary will hold parliamentary elections that present a crucial opportunity for us to reclaim our human rights.  

    I envision a future in which LGBTI individuals are not perceived as outsiders or threats to society, but are instead embraced as integral members of all communities. It is my hope that through our collective efforts, we will foster a safe society that truly reflects the values of love and diversity.

    Where do you draw hope from when it gets difficult to fight?  

    I find a deep sense of hope in the knowledge that I am not alone in this. I’ve encountered countless incredible individuals, each dedicated to our shared mission with remarkable bravery.  

    How can Amnesty’s supporters – and others – help the LGBTI+ community in Hungary? 

    People outside Hungary play a crucial role. Solidarity is not an empty slogan: it is a successful strategy. In a country where resistance is met with censorship and smear campaigns, international visibility and financial support can be lifesaving, since many NGOs in Hungary operate on nearly non-existent budgets, especially with their funding under threat.  

    Call out your own government to pressure Hungary through diplomacy when human rights are violated. If you’re in the EU, push for stronger enforcement of the rule of law mechanisms (like Article 7) and new infringement procedures to challenge laws violating human rights. 

    Don’t allow Hungary’s anti-LGBTI laws to become “old news”. Keep the conversation going and amplify our voices.

    MIL OSI NGO –

  • MIL-OSI NGOs: GLOBAL: Countries must act fast to save the Sustainable Development Goals

    Source: Amnesty International –

    With countries in danger of failing to meet their Sustainable Development Goals targets – and their human rights obligations – leaders attending the Financing for Development Conference must act fast to avert climate catastrophe and guarantee the human rights of billions of people currently being denied socio-economic justice, said Amnesty International.

    The 4th International Conference for Financing for Development will take place from 30 June to 3 July in Seville, Spain. It provides a unique opportunity to reform development financing at all levels and address financing challenges preventing the urgently needed investment push to achieve the Sustainable Development Goals (SDGs) by 2030. The SDGs were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future.

    “Years of underinvestment by all states mean the majority of the Sustainable Development Goals are way off track from their 2030 target. This conference must confront the immediate crisis linked to the cutting of international assistance by major donors whilst committing to structural reforms that could provide sustainable sources of financing for the longer term – from advancing international tax cooperation and addressing the debt crisis, to reforming international financial institutions and promoting more inclusive systems of financing and development,” said Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser.

    A series of robust measures must be put in place if the Sustainable Development Goals are to become a reality.

    Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser

    “A series of robust measures must be put in place if the SDGs are to become a reality. The US and other governments must reverse cuts to aid budgets. Wealthy states must support the UN tax treaty process whilst providing debt relief for countries in or at risk of debt distress including cancellation where appropriate. Fossil fuels subsidies must be redirected towards investment in clean energy and leaders must commit to a full, fast, fair and funded fossil fuel phase out across all sectors and invest adequately in a just and equitable transition. Adopting these measures will go a long way to rescuing the SDGs and ensure social, economic and climate justice for millions across the world.”

    Amnesty International will also be co-hosting a Virtual Side Event at the Financing for Development Conference, Seville: Reparative Justice in Financing for Development. The session will focus on development financing and reparative justice as a means through which a human rights-based economy which redresses both existing and historical injustices can not only be conceptualized but also practically actioned. Register to attend via Zoom. 

    Background

    The Sustainable Development Goals (SDGs) were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future. The 17 goals aimed to address global challenges, including poverty, inequality, climate change, environmental degradation, peace, and justice – to ensure no one was left behind. However,years of underinvestment by all states mean over 80% of the Sustainable Development Goals (SDGs)’ targets are off track due to underinvestment by all states.

    MIL OSI NGO –

  • MIL-OSI Banking: Verizon Business wins multisite private 5G contract fueling a multibillion dollar regeneration project

    Source: Verizon

    Headline: Verizon Business wins multisite private 5G contract fueling a multibillion dollar regeneration project

    What you need to know:

    • Verizon Business, in collaboration with Nokia, will deliver multiple Verizon Private 5G Networks to industrial campuses across the Thames Freeport, one of the UK’s busiest maritime logistics and manufacturing regions.
    • The Thames Freeport is a designated UK “Free Trade Zone,” established to boost economic growth, create high-value jobs and attract global investment as part of a long-term effort to revive the UK’s River Thames Estuary region.
    • Thames Freeport will use Verizon Private 5G to enhance port operations with AI-driven data analytics, autonomous vehicle control, real-time logistics orchestration, innovation research & development, and more.

    LONDON, U.K. — Verizon Business, Thames Freeport and Nokia today announced a strategic partnership to deploy Verizon Private 5G Networks across multiple key logistics, manufacturing, and innovation sites along the River Thames Estuary in the United Kingdom. The Verizon Private 5G Networks will serve as the technology foundation for a multiyear, multibillion dollar operational transformation and economic revival for the region, one of the busiest maritime logistics hubs in the United Kingdom.

    The Private 5G Networks buildout provides a scalable, long-term connectivity foundation for advanced data, AI, edge compute, and IoT infrastructure deployments aimed at transforming port and manufacturing operations.

    The technological enhancements will play a direct role in boosting the local economy, underpinning job training and reskilling efforts as part of employment initiatives and supporting innovation and research & development collaborations among Freeport tenants and outside corporate, government, and research entities. Thames Freeport has already created 1,400 jobs and plans to reach 5,000 by 2030, with a focus on high-skilled training for local communities.

    Private 5G Deployments at Thames Freeport

    The Verizon Private 5G Networks will enable advanced data and application capabilities for  AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration. Nokia is the sole hardware and software provider for the networks, which will incorporate the Nokia Digital Automation Cloud (DAC) platform and Nokia MX Industrial Edge (MXIE). The Verizon Private 5G Networks will be deployed to the following:

    • DP World London Gateway and DP World Logistics Park, the UK’s largest and most integrated deep-sea container port and logistics facility, with port capacity to handle over 3 million units per year. The hub includes a rail terminal with 20 daily services and a 9.25 million square foot high-tech logistics center.
    • Port of Tilbury, the largest of the mixed-use Thames Freeport ports. Tilbury handles 16 million tonnes of cargo per year across 31 independent working terminals. Operated by Forth Ports, the sites comprise a crucial logistics hub for the construction, automotive and food & drink sectors.
    • Ford Dagenham, the largest manufacturing site in London, this unique location gives access to regional manufacturing clusters, proximity to suppliers, and brings key production closer to the end market.

    Executive Statements

    “Our partnership with Thames Freeport and Nokia shows the full promise of private 5G at scale. Thames Freeport is developing one of the most technologically advanced commercial corridors in Europe to enable forward innovation and economic revitalization for an entire community,” said Jennifer Artley, SVP, 5G Acceleration at Verizon Business. “We’re not just driving operational improvements to help a partner stay ahead of the curve; we’re laying the groundwork for new revenue streams, community development, and further commercial and technological investment.”

    “A flexible, high-performance connectivity platform is critical to our long-term vision,” said Martin Whiteley, CEO, Thames Freeport. “Our investment in private 5G is not an incremental network upgrade—it’s the backbone of a technological transformation fueling our long-term multi-stakeholder mission, which includes operational excellence for tenants; ROI for shareholders like Ford, DP World and Forth Ports; innovation leadership for public and private benefit; circular economy models supporting efficient energy models; empowering community development by enabling high-value job creation and training; and transforming public services with near-real time diagnostics at health-service sites. By partnering with Verizon Business and Nokia, we’re delivering the technology needed to propel our region to the front of the leading edge.”

    “Private wireless and industrial edge are the foundations for the digital transformation of industrial sites, and the Thames Freeport deployment is a landmark example of this evolution at scale. This is one of the largest commercial private 5G rollouts in a European port incorporating the Nokia DAC platform. This network will allow Thames Freeport to overlay advanced use cases such as AI-driven data analytics, predictive maintenance, process automation, autonomous vehicle control, safety monitoring, and real-time logistics orchestration,” said David de Lancellotti, VP of Enterprise Campus Edge Sales at Nokia. “Together with Verizon Business, we’re proud to be enabling the infrastructure that will help Thames Freeport drive new efficiencies, sustainable growth, and long-term economic opportunity for the region.”

    Fueling Growth

    The Thames Freeport has a mission of economic regeneration and operational excellence, centered on stimulating trade, fostering innovation, supporting energy transition, creating jobs and improving the lives of the people around it. Private 5G Networks from Verizon Business can help enable a range of strategic priorities at Thames Freeport sites in service of that mission.

    Select priorities include enabling advanced technology layers such as AI, edge computing, and IoT across active industrial sites where Freeport stakeholders can collaborate on new applications. For example, industrial sites can leverage IoT for autonomous yard tractors and quay cranes and for near real-time tracking, smart routing, and condition monitoring for cargo. That can allow tenants to intake cargo, assess quantity and condition, and ship it out faster and more efficiently, losing less to damage or misplacement. Additionally, AI with edge computing can help manage environmental impact through edge-connected smart sensors and AI-driven analytics that monitor and optimize port operations and asset performance, including near-real time monitoring of emissions, air and water quality, and noise levels.

    Managing the use of the Verizon Private 5G Network infrastructure will be the responsibility of Thames Freeport and its tenant shareholder organizations. This ensures fit-for-purpose connectivity that adapts to site-specific requirements while safeguarding data and operational autonomy.

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Letter to accounting officers in colleges: 25 June 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Letter to accounting officers in colleges: 25 June 2025

    Letter from Andrew Thomas, Director of Funding and Financial Oversight at the Department for Education, to accounting officers in colleges.

    Applies to England

    Documents

    Letter to accounting officers: 25 June 2025

    PDF, 1.31 MB, 2 pages

    Details

    The letter includes information about the updated college financial handbook, published on 25 June 2025.

    Updates to this page

    Published 25 June 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Letter to accounting officers in academy trusts: 25 June 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    Letter to accounting officers in academy trusts: 25 June 2025

    Letter from Andrew Thomas, Director of Funding and Financial Oversight at the Department for Education, to accounting officers in academies.

    Applies to England

    Documents

    Letter to accounting officers: 25 June 2025

    PDF, 1.32 MB, 2 pages

    Details

    The letter includes information about the academy trust handbook for 2025.

    It may also be of interest to:

    • boards of trustees
    • chief financial officers and executives

    Updates to this page

    Published 25 June 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Schools champion climate education in drive to towards Net Zero

    Source: Scotland – City of Aberdeen

    Members of the Education and Children’s Services Committee were today (Tuesday 24 June) updated on the significant strides made by Aberdeen schools in educating young people about Climate Change, Biodiversity and the city’s Net Zero ambitions during the 2024-25 school session.

    The report, which detailed a wide range of impactful events and initiatives delivered across schools, as well as the continued efforts of the Youth Climate Change Group, was approved by committee with the exception of recommendation 2.3.  The full report can be viewed here.

    Councillor Martin Greig, convener, of the Education and Children’s Services Committee, said: “Our schools are playing a vital role in preparing young people to meet the challenges of the climate emergency. Through innovative learning and strong partnerships, we are empowering the next generation to lead the way towards a more sustainable and equitable future for Aberdeen and beyond.”

    Councillor Jessica Mennie, vice-convener of the Education and Children Services Committee, said: “The enthusiasm and creativity shown by our young people in tackling climate change is truly inspiring. By embedding sustainability into everyday learning and supporting youth-lead initiatives, we are not only educating but also encouraging future leaders to help shape a greener Aberdeen.”

    Aberdeen’s schools continue to embrace the Learning for Sustainability (LfS) agenda, integrating sustainable development, biodiversity, climate change, outdoor learning, and global citizenship into the Curriculum for Excellence.

    These themes are explored through interdisciplinary learning, project-based learning, science, social studies, and outdoor education, empowering young people to take meaningful action for a better future. Aberdeen now has 11 schools that are recognised as Eco Schools and awarded Green Flag status by Keep Scotland Beautiful.

    St Joseph’s RC School won the Scottish Fair Trade ‘In the Bag’ award in recognition of its 10-year commitment to fair and ethical trade, including being the first school in Scotland to commit to supporting and working with communities in India.

    The Youth Climate Change Group remains a vital platform for pupil voice and leadership and the committee thanked pupils for their significant efforts in promoting and actioning environmental work in school and citywide.

    Committee members agreed that this important area of focused activity should continue and instructed the Chief Officer for Education and Lifelong Learning to support the Youth Climate Change Group to collate and share a yearly summary of the most impactful projects in their schools, through means to be determined by the group, to inspire other young people across the city.

    The committee agreed that representatives from the Youth Climate Change Group should be invited to present the Climate Change report to committee in subsequent years.

    In partnership with the City Development and Regeneration Service, the Education Service will launch the ABZ Pipeline – a new initiative designed to create curriculum-linked pathways into the renewable sector.  This programme will connect learners with employers, offering real-world experiences and helping pupils align their career planning with Aberdeen’s green economy.

    Aberdeen for a Fairer World (AFW) continues to play a key role in supporting schools with climate-related activities. Their work includes developing projects with local authorities, ETZ, and employers, identifying skills and employment opportunities, and assessing the impact of in-school activities.

    A comprehensive record of school participation during Climate Week North East 2025 will be published in the summer term.

    Beyond the classroom, pupils are engaging in film screenings, workshops, barista events, and Fair Trade initiatives – demonstrating their commitment to sustainability and community action.  These efforts also contribute to wider achievement and support National Qualifications.

    These initiatives also align with the Local Outcome Improvement Plan (LOIP) Stretch Outcome 13, which aims to reduce Aberdeen’s carbon emissions by at least 61% by 2026. As the city works towards Net Zero by 2045, the continued focus on climate education and youth engagement is essential to building a resilient, sustainable future.

    The committee instructed the Chief Officer of Education and Lifelong Learning to provide a progress update within one calendar year. 

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Premier of the State Council of China: China is confident and capable of maintaining dynamic economic growth /detailed version – 1/

    Translation. Region: Russian Federal

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

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

    TIANJIN, June 25 (Xinhua) — China is confident in its strength and ability to maintain dynamic economic growth, Chinese Premier Li Qiang said Wednesday while addressing the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the north Chinese city of Tianjin.

    “For many years, regardless of changes in the international situation, the Chinese economy has maintained good momentum,” Li Qiang said.

    He noted that in the first quarter of 2025, China’s GDP grew by 5.4 percent, although external shocks became more numerous. “Key economic indicators continued to improve in the second quarter, and, as far as I know, international organizations have recently increased their forecasts for China’s economic growth,” the head of the Chinese government noted.

    According to him, China’s economic development is not short-term spurts, but a steady movement toward long-term goals. Li Qiang noted that China is moving toward becoming a high-income country, driven by strong demand for consumer upgrading in the country, which is the world’s second-largest consumer and import market.

    China aims to become a giant consumer powerhouse built on a solid foundation of manufacturing, the premier added, expressing confidence that China’s continuous breakthroughs and achievements in innovation will inject new impetus into global development, helping to overcome the global problem of economic slowdown.

    During the Summer Davos, WEF President Borge Brende shared his views on China’s economic prospects.

    “I am relatively optimistic about the Chinese economy in both the medium and long term. Although China has already diversified its economy, the country is still transforming from manufacturing goods to providing more services and digital trade. We are also seeing a lot of new technologies being applied. China is doing very well in artificial intelligence and robotics,” he said.

    Former British Prime Minister Tony Blair also drew attention to China’s impressive transformation in recent decades and called on other countries to try to understand and engage with China rather than isolate it. Deepening engagement is important, he said, with a particular focus on people-to-people exchanges in addition to government-to-government and business cooperation.

    This year’s Summer Davos was titled “Entrepreneurship in a New Era.” The event will run from June 24 to 26, bringing together more than 1,700 prominent politicians, businessmen, academics, and media representatives from more than 90 countries and regions around the world. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing (with photos)

    Source: Hong Kong Government special administrative region

    SFST looks for more co-operation opportunities with AIIB member states at its 10th Annual Meeting of Board of Governors in Beijing  
         Speaking at the side event on “Implementing the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) from the Ground Up: The AIIB Journey”, Mr Hui noted that while the AIIB is one of the first multilateral development banks to adopt the ISSB Standards, Hong Kong was also confirmed by the International Financial Reporting Standards Foundation earlier this month as among the initial set of jurisdictions having set a target of fully adopting the ISSB Standards.
     
         He said, “By aligning with a global standard, we ensure international comparability of our data. This not only boosts investor confidence but also creates a strong foundation for new opportunities. The Hong Kong Special Administrative Region Government will continue to work in collaboration with financial regulators and stakeholders to support the pragmatic implementation of the ISSB Standards through enhancing capacity building and promoting the use of technological solutions.”
     
         This afternoon, Mr Hui also spoke on “Fostering Development and Infrastructure Connectivity” at the Governors’ Business Roundtable. He shared with delegations from other member states Hong Kong’s efforts in fostering development in sustainable finance as well as developing diverse and innovative financial products. The latter includes the roll-out of the Infrastructure Bond Programme and the issuance of infrastructure loan-backed securities by the Hong Kong Mortgage Corporation Limited (HKMC) with the AIIB as an anchor investor. He told the delegations that a third issuance by the HKMC can be expected this year.
     
         At the AIIB President’s Reception and the Special Session of the Board of Governors’ meeting held yesterday (June 24), Mr Hui met with the President of the AIIB, Mr Jin Liqun, and the President-elect of the AIIB, Ms Zou Jiayi. He also met financial officials of other member states to update them on Hong Kong’s latest developments in green and sustainable finance, and the recent vibrant financial market situation.
     
         In addition, Mr Hui held bilateral meetings separately with delegations from Egypt, Germany and Poland on the sidelines of the Annual Meeting to explore opportunities for further co-operation.
     
         During his stay in Beijing, Mr Hui met with the President of the Industrial and Commercial Bank of China, Mr Liu Jun, and the Chief Financial Officer of the China Construction Bank, Mr Sheng Liurong. He will return to Hong Kong tonight.
    Issued at HKT 17:41

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HKMC Annual Report 2024

    Source: Hong Kong Government special administrative region

    HKMC Annual Report 2024

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Mortgage Corporation Limited (HKMC) today (June 25) published its Annual Report for 2024. The Report mainly reviews the business performance, financial position, as well as the environmental, social and governance initiatives of the HKMC in 2024.

    The Report is now available on the HKMC website (www.hkmc.com.hk).

    Ends/Wednesday, June 25, 2025
    Issued at HKT 16:00

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ2: Capacity Building Mileage Programme

    Source: Hong Kong Government special administrative region

    Following is a question by Professor the Hon Chow Man-kong and a reply by the Secretary for Home and Youth Affairs, Miss Alice Mak, in the Legislative Council today (June 25):

    Question:

    There are views that the Government should optimise the Capacity Building Mileage Programme (CBMP) to enhance women’s personal development skills and competitiveness. In this connection, will the Government inform this Council:

    (1) of the numbers of persons enrolling in CBMP courses and the amounts of bursary approved in each of the past three years, together with a breakdown by the five learning domains (i.e. Personal Development, Health and Care, Applied Science and Technology, Wisdom of Life, and Arts and Culture);

    (2) as it was stated at the meeting of the Panel on Home Affairs, Culture and Sports of this Council on May 28 last year that the Women’s Commission would explore and study how to keep CBMP abreast of the times and benefit more women, of the concrete progress and proposed direction of the relevant work at present; and

    (3) whether it will consider exploring with the organisers of CBMP courses to refine the curriculum by incorporating more knowledge in areas such as e-commerce, community services, and public relations, and consolidating related courses for inclusion into the Qualifications Register, as well as providing more flexible funding arrangements, with a view to elevating women’s workplace skills and overall competitiveness; if so, of the details; if not, the reasons for that?

    Reply:

    President,

    The Capacity Building Mileage Programme (CBMP) was launched by the Women’s Commission (WoC) in 2004 with the aim of encouraging women of different backgrounds and education levels to pursue self-development and lifelong learning by offering courses under different domains.

    My consolidated reply, in consultation with the Education Bureau, to the question raised by Professor the Hon Chow Man-kong is as follows:

    (1) In the past three programme years (i.e. 2021/22, 2022/23 and 2023/24), the number of participants of the CBMP were approximately 4 000, 5 000, and 6 000 respectively. The amounts of bursary approved in each of the three programme years were approximately $120,000, $140,000 and $260,000 respectively. Detailed figures are at Annex.

    Regarding the five learning domains, since participants could enrol in more than one course within the same programme year, we are unable to provide the number of participants and the approved bursary amounts for each learning domain. In this regard, the breakdown of enrolment by the five learning domains of CBMP (i.e., Personal Development, Health and Care, Applied Science and Technology, Wisdom of Life and Arts and Culture) over the past 3 programme years are at Annex.

    (2) & (3) The Government attaches great importance to women’s contribution to the community and the work of supporting women. Through various initiatives, we aim to empower women and help them to excel in different arenas, including the workplace.

    At its inception, the CBMP was designed, in respond to the societal learning and employment landscape at that time, to enable women to enhance their personal capabilities by enroling in various types of courses during their spare time. The CBMP has been implemented for over 20 years and several developments have emerged across society, economy, workplace, education, technology, etc, such as artificial intelligence and mobile payments. As such, the Home and Youth Affairs Bureau (HYAB) and the WoC launched the Women Empowerment Fund (WEF) in June 2023. With an annual funding of $20 million, WEF subsidises women’s groups and non-governmental organisations for implementing projects that promote women’s development. To date, the WEF approved over 280 projects, involving over $43 million in funding and engaging more than 170 organisations. Apart from courses, projects funded under WEF also include workshops, placement opportunities and community serving projects. This allows the funded organisations to flexibly utilise the funding and implement suitable activities based on social needs for women from different backgrounds and social strata. Since its establishment, the WEF has also supported projects related to workplace skills, e-commerce and communication skills. These include, for example, training programmes on job seeking skills for women looking for employment, courses on digital marketing and personal image enhancement. The WEF also runs the Programme on Women’s Participation in Community Services, which encourages women to plan and implement community service projects based on actual societal needs, such as preparing soft meals for the elderly, visiting residential care homes for persons with disabilities, and organising day camps for children with special educational needs, thereby promoting community care and inclusion.

    On the other hand, to promote women’s workplace development, we also launched the “She Inspires” Mentorship Programme this year. Under the programme, local female university students who aspire to pursue a career in the professional or business sectors will be matched with women leader mentors, and provided with relevant training and activities to help young women enhance their workplace skills and prepare them for entering the workforce, thereby improving women’s overall competitiveness in the long term.

    To better utilise government resources in promoting women’s development and training, the HYAB and the WoC are reviewing the future direction of the CBMP and related arrangements. This is to ensure the effective use of the Government’s financial resources and keep up with the times in promoting women’s development in all aspects. During the review, our principle is to maintain the usage of the existing resources while enhancing the synergy between various projects and societal sectors. We will announce the review results in due course.

    Qualifications Framework (QF) is a clear and well-defined seven-level hierarchy that serves to define clear and objective standards applicable to qualifications in the academic, vocational and professional as well as continuing education sectors; assure the quality of qualifications and the associated learning programmes available to learners; and assure relevancy of learning to industry needs. The Qualifications Register (QR) under the QF is a free-of-charge, open, centralised online database of quality assured qualifications recognised under the QF to facilitate the public search of the relevant qualifications. The Government welcomes course providers to register their accredited courses or qualifications on the QR in accordance with the Accreditation of Academic and Vocational Qualifications Ordinance (Cap. 592) and related quality assurance mechanism. Currently, there are 17 courses under the CBMP listed at Level 2 of the QF.

    The HYAB will continue to review various measures aimed at women’s development and, through collaboration with different stakeholders, flexibly utilise resources to continue promoting women’s development in all aspects.

    Ends/Wednesday, June 25, 2025
    Issued at HKT 15:00

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Written question – Who decides on aid to Moldova? – E-002284/2025

    Source: European Parliament

    Question for written answer  E-002284/2025/rev.1
    to the Commission
    Rule 144
    Auke Zijlstra (PfE)

    On 5 June, Moldpress, the Moldovan Government’s official news agency, published an article quoting the Romanian chair of the EP delegation to the EU-Moldova Parliamentary Association Committee: ‘We will stand by the Republic of Moldova, just as they have stood by us. We will defend together the European path of the Republic of Moldova and Romania’s European path.’ In addition, the article states: ‘The official assured that our country will continue to receive support in the European integration process.’[1]

    In light of the above:

    • 1.Does the Commission also consider the European future of Romania and Moldova to be inextricably linked? How does this view fit with both historical and recent (political) developments in the two countries and their relations?
    • 2.What is the Commission’s take on the second statement above? This statement appears to be at odds with the nature of the facility for Moldova, which is based on conditional support.
    • 3.Can the Commission confirm that the decision on whether to grant financial assistance to Moldova indeed lies with the Commission?

    Submitted: 5.6.2025

    • [1] https://www.moldpres.md/eng/politics/mep-the-republic-of-moldova-will-receive-300-million-euros-pre-financing-from-the-growth-plan-shortly.
    Last updated: 25 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Who decides on aid to Moldova? – E-002284/2025

    Source: European Parliament

    Question for written answer  E-002284/2025/rev.1
    to the Commission
    Rule 144
    Auke Zijlstra (PfE)

    On 5 June, Moldpress, the Moldovan Government’s official news agency, published an article quoting the Romanian chair of the EP delegation to the EU-Moldova Parliamentary Association Committee: ‘We will stand by the Republic of Moldova, just as they have stood by us. We will defend together the European path of the Republic of Moldova and Romania’s European path.’ In addition, the article states: ‘The official assured that our country will continue to receive support in the European integration process.’[1]

    In light of the above:

    • 1.Does the Commission also consider the European future of Romania and Moldova to be inextricably linked? How does this view fit with both historical and recent (political) developments in the two countries and their relations?
    • 2.What is the Commission’s take on the second statement above? This statement appears to be at odds with the nature of the facility for Moldova, which is based on conditional support.
    • 3.Can the Commission confirm that the decision on whether to grant financial assistance to Moldova indeed lies with the Commission?

    Submitted: 5.6.2025

    • [1] https://www.moldpres.md/eng/politics/mep-the-republic-of-moldova-will-receive-300-million-euros-pre-financing-from-the-growth-plan-shortly.
    Last updated: 25 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Economic Outlook Quarterly: Fragmented trade, untapped potential at home – 25-06-2025

    Source: European Parliament

    The EU’s trade-dependent economy faces uncertainty from global trade policy shifts, prompting calls to strengthen domestic demand. Economic growth forecasts for the years ahead have been downgraded, reflecting this uncertainty. Anticipatory trade to avoid US tariffs peaked in March 2025, as EU exports to the US rose by 59 % in the first quarter of 2025, but has subsided since. The final phase of the Next Generation EU recovery instrument is expected to support public investment and economic activity, but EU countries must step up efforts – in some cases significantly – to ensure full implementation of their national recovery and resilience plans by 31 August 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – Economic Outlook Quarterly: Fragmented trade, untapped potential at home – 25-06-2025

    Source: European Parliament

    The EU’s trade-dependent economy faces uncertainty from global trade policy shifts, prompting calls to strengthen domestic demand. Economic growth forecasts for the years ahead have been downgraded, reflecting this uncertainty. Anticipatory trade to avoid US tariffs peaked in March 2025, as EU exports to the US rose by 59 % in the first quarter of 2025, but has subsided since. The final phase of the Next Generation EU recovery instrument is expected to support public investment and economic activity, but EU countries must step up efforts – in some cases significantly – to ensure full implementation of their national recovery and resilience plans by 31 August 2026.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Commission Recommendation for a Council Recommendation for the Netherlands budget and the economic risks of housing taxation – E-002277/2025

    Source: European Parliament

    Question for written answer  E-002277/2025/rev.1
    to the Commission
    Rule 144
    Auke Zijlstra (PfE)

    According to the Commission Recommendation of 4 June 2025 for a Council Recommendation on the economic, social, employment, structural and budgetary policies of the Netherlands, the Netherlands income tax system treats certain assets differently from others, which affects the distribution of capital and distorts economic decisions. The recommendations state that assets in the form of housing receive preferential treatment, which stimulates demand in the market for owner-occupied housing, but reduces the disposable income of households[1].

    This then exposes households to greater economic risk during economic shocks as disposable income is placed under pressure by high mortgage repayments during the mortgagor’s years of active employment.

    However, a recent European Parliament study found that, after Belgium, the Netherlands has the second lowest exposure to interest rate changes in the EU. Only 15 % of Dutch households have variable mortgage rates, which means that Dutch households are actually better armed against economic shocks and sudden increases in interest rates[2].

    • 1.Why did the Commission not take into account the stabilising factor of the high proportion of fixed-rate mortgages in the Netherlands in its assessment of economic risk?
    • 2.Does the Commission agree that, in times of economic downturn, owner-occupied housing is the best ‘store of value’ for families with average incomes, as opposed to share portfolios, for example?

    Submitted: 5.6.2025

    • [1] COM(2025)0219, recital 21.
    • [2] BERG, Tobias and HASELMANN, Rainer, Assessing real estate risks and vulnerabilities: Hidden cracks in the financial system?, Economic Governance and EMU Scrutiny Unit (EGOV) Directorate-General for Economy, Transformation and Industry, PE 764.351 – April 2025, p. 14.
    Last updated: 25 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Commission Recommendation for a Council Recommendation for the Netherlands budget and the economic risks of housing taxation – E-002277/2025

    Source: European Parliament

    Question for written answer  E-002277/2025/rev.1
    to the Commission
    Rule 144
    Auke Zijlstra (PfE)

    According to the Commission Recommendation of 4 June 2025 for a Council Recommendation on the economic, social, employment, structural and budgetary policies of the Netherlands, the Netherlands income tax system treats certain assets differently from others, which affects the distribution of capital and distorts economic decisions. The recommendations state that assets in the form of housing receive preferential treatment, which stimulates demand in the market for owner-occupied housing, but reduces the disposable income of households[1].

    This then exposes households to greater economic risk during economic shocks as disposable income is placed under pressure by high mortgage repayments during the mortgagor’s years of active employment.

    However, a recent European Parliament study found that, after Belgium, the Netherlands has the second lowest exposure to interest rate changes in the EU. Only 15 % of Dutch households have variable mortgage rates, which means that Dutch households are actually better armed against economic shocks and sudden increases in interest rates[2].

    • 1.Why did the Commission not take into account the stabilising factor of the high proportion of fixed-rate mortgages in the Netherlands in its assessment of economic risk?
    • 2.Does the Commission agree that, in times of economic downturn, owner-occupied housing is the best ‘store of value’ for families with average incomes, as opposed to share portfolios, for example?

    Submitted: 5.6.2025

    • [1] COM(2025)0219, recital 21.
    • [2] BERG, Tobias and HASELMANN, Rainer, Assessing real estate risks and vulnerabilities: Hidden cracks in the financial system?, Economic Governance and EMU Scrutiny Unit (EGOV) Directorate-General for Economy, Transformation and Industry, PE 764.351 – April 2025, p. 14.
    Last updated: 25 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – State of Play: EU support to Ukraine – 25-06-2025

    Source: European Parliament

    In response to Russia’s full-scale war of aggression against Ukraine, which started in February 2022, the European Union (EU) and its Member States have provided unprecedented financial, military and humanitarian support to Ukraine. According to European Commission figures, Team Europe, consisting of the EU and its Member States, has made available around €150 billion in support to Ukraine. This support encompasses macro-financial assistance, financial support through the Ukraine Facility, humanitarian aid and military assistance from Member States and the European Peace Facility, as well as support to Ukrainian refugees in the EU. The overall support of Team Europe for Ukraine is now greater than the support provided by the United States (US), except in terms of military support allocation. However, Team Europe has provided 83 % of the tanks and 76 % of the air defence systems given to Ukraine since the start of the full-scale war. The disbursement of EU payments under the Ukraine Facility is conditional on Ukraine implementing the Ukraine Plan – an ambitious reform and investment plan drafted by Ukraine’s government and endorsed by the EU. The Commission and the Ukrainian government publish updates on the progress of the reforms and on the disbursal of payments. In addition to the Ukraine Facility, the G7 have agreed upon a further €45 billion loan, with €18.1 billion to be financed by the EU. For this purpose, a Ukraine Loan Cooperation Mechanism has been established, which uses extraordinary revenues originating from Russian sovereign assets immobilised in the G7 member states to repay loans and associated interest costs. The rights, responsibilities and obligations provided for under the Ukraine Facility will apply to the G7 loan to ensure seamless management of both. The European Parliament has repeatedly called for confiscating the immobilised Russian sovereign assets to finance further support for Ukraine and the country’s reconstruction, instead of just relying on extraordinary revenues. International financial institutions, such as the International Monetary Fund, play a key role in addressing external financing needs and supporting the country’s macroeconomic stability.

    MIL OSI Europe News –

  • MIL-OSI Europe: Briefing – State of Play: EU support to Ukraine – 25-06-2025

    Source: European Parliament

    In response to Russia’s full-scale war of aggression against Ukraine, which started in February 2022, the European Union (EU) and its Member States have provided unprecedented financial, military and humanitarian support to Ukraine. According to European Commission figures, Team Europe, consisting of the EU and its Member States, has made available around €150 billion in support to Ukraine. This support encompasses macro-financial assistance, financial support through the Ukraine Facility, humanitarian aid and military assistance from Member States and the European Peace Facility, as well as support to Ukrainian refugees in the EU. The overall support of Team Europe for Ukraine is now greater than the support provided by the United States (US), except in terms of military support allocation. However, Team Europe has provided 83 % of the tanks and 76 % of the air defence systems given to Ukraine since the start of the full-scale war. The disbursement of EU payments under the Ukraine Facility is conditional on Ukraine implementing the Ukraine Plan – an ambitious reform and investment plan drafted by Ukraine’s government and endorsed by the EU. The Commission and the Ukrainian government publish updates on the progress of the reforms and on the disbursal of payments. In addition to the Ukraine Facility, the G7 have agreed upon a further €45 billion loan, with €18.1 billion to be financed by the EU. For this purpose, a Ukraine Loan Cooperation Mechanism has been established, which uses extraordinary revenues originating from Russian sovereign assets immobilised in the G7 member states to repay loans and associated interest costs. The rights, responsibilities and obligations provided for under the Ukraine Facility will apply to the G7 loan to ensure seamless management of both. The European Parliament has repeatedly called for confiscating the immobilised Russian sovereign assets to finance further support for Ukraine and the country’s reconstruction, instead of just relying on extraordinary revenues. International financial institutions, such as the International Monetary Fund, play a key role in addressing external financing needs and supporting the country’s macroeconomic stability.

    MIL OSI Europe News –