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Category: Economy

  • MIL-OSI Africa: African Mining Week 2025 Set to Drive Investment and Sustainable Growth


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    In the fast-changing mineral economy, African Mining Week (AMW) 2025 – taking place October 1-3 in Cape Town – is set to become the definitive platform for shaping the future of the African mining industry. Taking place under the theme: From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth, the event will unite the global and African mining industries to engage in dialogue and sign deals. To meet the expected rise in global demand, mineral production will need to increase by nearly 500% by 2050. AMW 2025 positions Africa at the heart of global supply chains, turning policy into progress and opportunity into action.

    A Launchpad for African Mining Projects

    Through its investment-focused program, AMW 2025 will drive capital into African mining projects, connecting players from across the global industry while fostering partnerships, deal-signing and dialogue. The event takes place at a time when the international community is seeking new mineral investment opportunities while African countries are targeting greater production and mineral beneficiation. Notably, Zimbabwe plans to build a $12 billion economy by 2030 on the back of its mining industry; Angola strives to increase diamond production to 17.53 million carats by 2027; while Ghana seeks to deliver 8 million tons of manganese in 2025. Achieving these goals will require substantial investments and AMW 2025 will serve as a launchpad for future projects.

    Addressing Challenges, Highlighting Opportunities

    As the demand for minerals grows, so does the need to integrate technology that enhances efficiency and sustainable mining operations. The AMW 2025 program is designed to tackle the most pressing challenges across the African mining industry, with sessions geared towards creating home-grown solutions to securing capital, technology and expertise. On the financing side, sessions include The Investor Perspective: Financing Africa’s Mineral Industrialization; Mergers, Acquisitions, and Partnerships: Building Resilience in a Consolidating Industry; Innovative Investment Strategies for Nigeria’s Infrastructure Development; and more. Industry spotlight sessions on The Cobalt Opportunity; Botswana’s Diamond Legacy; Ghana’s Gold Renaissance; South African PGMs and more will explore industry-specific opportunities, while a series of technical workshops and a technology forum will outline emerging technologies across the industry. Tech-driven sessions include Autonomous Mining: How Robotics and AI are Revolutionizing Resource Extraction; Youth-Driven Innovations in Mining Technology; From Ideas to Impact; and more.

    Strategic Engagement Opportunities

    Engagement is a feature of the AMW 2025 program, with networking sessions offering attendees the chance to connect with stakeholders and forge collaborative partnerships. The program is tailored to facilitate collaboration, with roundtables focused on bringing global and African partners together. Notable sessions include US-Africa Collaboration on Critical Mineral Infrastructure; China-Africa Corporation on Critical Minerals; European Partnerships in African Mining; Strengthening Middle East and Africa Partnerships, and more. The conference will also host a Women in Leadership Forum, aimed at breaking down barriers for women in the industry by fostering greater collaboration, and a Junior Miners Forum, aimed at showcasing opportunities for youth in the industry. Through networking and matchmaking forums, cocktails and luncheons, business-matching and meetings, AMW 2025 will usher in a new era of collaborative mining development in Africa.

    Navigating Critical Minerals Gaps

    Co-located alongside African Energy Week: Invest in African Energies – hosted on September 29 to October 3, AMW 2025 is uniquely positioned to explore Africa’s emerging role as the center of the global energy transition. Serving as core components in the development of energy transition-related technologies, the demand for critical minerals is growing rapidly. Between 2022 and 2050, the demand for nickel will double, cobalt will triple while lithium demand will rise tenfold. Home to 30% of the world’s critical minerals, Africa is well-positioned to drive this transition. By navigating supply gaps within the critical minerals industry, AMW 2025 will connect international partners to African mines.

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

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Europe: OLAF and CEPOL deliver advanced Anti-Fraud Intelligence Training in Budapest

    Source: European Anti-Fraud Offfice

    From 16 to 20 June, the European Anti-Fraud Office (OLAF) and the European Union Agency for Law Enforcement Training (CEPOL) jointly delivered the Anti-Fraud Intelligence Analysis training (AFIA2025) in Budapest, Hungary. The course brought together 26 operational intelligence analysts from 12 EU Member States, as well as representatives from Europol and Ukraine.

    The training focused on enhancing participants´ skills and preparedness in preventing, detecting, analysing, and investigating fraud, with the goal of safeguarding the financial interests of the European Union and its Member States. The attendees, drawn from Financial Intelligence Units (FIUs), customs authorities and law enforcement, had the opportunity to examine various fraud patterns, deepen their understanding of the EU’s anti-fraud architecture, and exchange expertise on investigative and analytical methods. 

    AFIA2025 marks the third edition of this specialised training course, jointly delivered by OLAF and CEPOL with CEPOL’s financial and administrative support. The curriculum is revised annually based on participant feedback and evolving operational needs, ensuring it remains aligned with the latest challenges in the anti-fraud landscape.

    The training featured both practical and technical elements, with a strong emphasis on the use of analytical tools for fraud detection and investigation. Notably, this year’s edition showcased only open-source and freely available tools and OSINT (Open-Source Intelligence) resources. The OLAF trainers, themselves highly experienced in complex fraud analysis, demonstrated how effective investigations can be conducted while optimising resources and minimising costs.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Climate Action ‘A Rating’ for third year running

    Source: Scotland – City of Dundee

    Dundee has been recognised as one of 112 cities worldwide for its environmental leadership and transparency.

    The list, co-ordinated by charity CDP, gives cities rankings based on their climate action with Dundee City Council being awarded an A rating for 2024 and included for the third consecutive year.

    Dundee City Council is listed alongside only three other Scottish local authority recipients, which include Glasgow City Council, City of Edinburgh Council and Perth & Kinross Council.

    CDP is a not-for-profit organisation that runs the global disclosure system for companies, cities, states and regions to manage their environmental impacts.

    Climate, Environment & Biodiversity Depute Convener Cllr Nadia El-Nakla said: “Dundee is rightfully being recognised as a leader on environmental action receiving the highest possible rating from CDP for best practice in adaptation, mitigation, setting ambitious goals and progress towards those objectives.

    “The work being carried out is very positive, however the scale of the challenge we still face is considerable with no one organisation or single solution able to address the issues.

    “The Dundee Climate Leadership Group is leading the way in supporting city-wide action bringing together public, private and community organisations utilising the expertise here to achieve the reduction in carbon emissions that meet our city’s sustainability targets.”

    Hanah Paik, CDP Global Director for Cities, States and Regions said: “The cities, states and regions on CDP’s 2024 A List are setting the global benchmark for environmental leadership. Through robust disclosure and decisive action, they are ensuring that essential data is surfaced for informed decision-making across governments, markets and communities – and for unlocking access to the climate finance needed for implementation. They are not only accelerating their own progress but also charting a path for others to follow.”

    More information about the scores and A lists awarded by CDP can be found on the charity’s website.

    MIL OSI United Kingdom –

  • MIL-OSI: BCC Mining cloud mining supports BTC/XRP one-click mining

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, June 23, 2025 (GLOBE NEWSWIRE) — Tensions in the Middle East have increased volatility in the cryptocurrency market, and investors are looking for safer ways to hedge their investments. BCC Mining has become a popular investment option with its decentralized nature and high return potential. However, independent mining requires expertise and high upfront investment. The professional BCC Mining platform provides cloud mining services, which reduces the threshold and risk of participation and improves mining efficiency. Investors can easily participate in mining through the platform, share profits, and effectively avoid market risks. In the current complex geopolitical environment, allocating part of the funds to a reliable BCC Mining platform can help diversify investment risks and improve the stability of the overall portfolio.

    What is BCC Mining
    Founded in the UK in 2017, BCC Mining is designed specifically for cryptocurrency novices and experienced investors. Users can use computing power rented from green energy data centers without any hardware to start mining popular cryptocurrencies such as BTC, ETH, LTC, DOGE, etc.

    BCC Mining is an advanced cloud mining platform that allows users to mine cryptocurrencies and earn passive income by renting computing power. Unlike traditional mining methods that require expensive hardware, technical expertise, and ongoing maintenance, BCC Mining handles all the complexities for users. From hardware maintenance to electricity costs and cooling systems, the platform covers all technical aspects, allowing users to focus on profits.

    How does it work?
    Getting started with BCC Mining is very simple and easy. Once signed up, users can choose from a variety of mining contracts to suit different budgets and investment goals. Each plan offers a specific hashrate and term, providing flexibility for both beginners and experienced investors. Once a plan is selected and payment is made, users do not have to manage anything as the hashrate they rent validates transactions and secures the blockchain network.

    The platform’s automated system ensures that users continue to receive rewards without any extra effort. Whether you are new to cryptocurrency or an experienced enthusiast, BCC Mining offers you a seamless way to make money from home.

    Platform advantages:
    ⦁Get an instant bonus of $15 upon registration.
    ⦁High profit level and daily income.
    ⦁No other service fees or management fees.
    ⦁The platform uses more than 10 cryptocurrencies (such as: DOGE, BTC, ETH, LTC, USDC, USDT, BNB, BCH, XRP, SOL) for settlement
    ⦁The company’s affiliate program allows you to refer your friends and get a referral bonus of up to $85,000.
    ⦁McAfee® security protection. Cloudflare® security protection. 100% uptime guarantee and excellent 24/7 human online technical support.

    How to get started:
    It’s easy to start your cloud mining journey with BCC Mining. Follow these simple steps to start earning passive income:

    Register an account: Go to the BCC Mining official website to create an account.

    Choose a plan: Choose a mining plan that meets your goals.

    Start mining: Start mining immediately and let BCC Mining’s powerful hardware work for you.

    Daily payments: Enjoy the convenience of daily payments, providing a stable source of income.

    Special offer:

    Registration bonus: Sign up to get an instant bonus of $15.00, and you can also earn $0.6 for free every day, don’t miss it.

    Invite income: Invite friends to increase mining income and get 3%-4.5% continuous rewards permanently

    The contracts provided by BCC Mining are not only simple, but also varied, providing you with a variety of options to meet your investment needs. They provide stable and risk-free fixed income.

    Get a stable passive income by participating in the following contracts:

    BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8
    LTC [classic computing power contract]: investment amount: $600, contract period: 6 days, daily income of $7.26, expiration income: $600 + $43.56
    BTC [classic computing power contract]: investment amount: $3,000, contract period: 20 days, daily income of $42.9, expiration income: $3,000 + $858
    DOGE [classic computing power contract]: investment amount: $5,000, contract period: 30 days, daily income of $75, expiration income: $5,000 + $2,250
    BTC [advanced computing contract]: investment amount: $10,000, contract period: 45 days, daily income of $165, expiration income: $10,000 + $7,425
    After purchasing the contract, the income will be automatically credited to your account the next day. When your account balance reaches $100, you can choose to withdraw to your digital currency wallet, or continue to purchase contracts to gain more benefits.

    Generous Affiliate Program
    BCC Mining rewards those who help promote its excellent platform. Refer others to receive unlimited bonuses and commissions, further boosting your mining income. Take advantage of this opportunity to open up more lucrative income streams.

    Real Success Story
    BCC Mining has successfully helped millions of users achieve financial independence. From individuals seeking to supplement their income to those who aspire to achieve complete financial independence, the platform has proven to be a reliable and profitable solution. Testimonials from satisfied users highlight how BCC Mining has changed their lives by providing a stable source of income with minimal effort.

    If you are looking for a way to earn a stable passive income, after reading this article, you should create an account and take advantage of the $15 welcome bonus, which you can use as an initial investment to earn $0.6 per day for free. In addition, the affiliate program is also a great way to earn passive income.

    Whether you are a novice or an experienced user, BCC Mining welcomes everyone from all over the world to participate.
    For more details, please visit the platform official website: https://bccmining.com/ or (click to download the mobile APP)
    Contact: BCC Mining
    Company: BCC Mining
    Platform official email: info@bccmining.com

    Attachment

    The MIL Network –

  • MIL-OSI: Bitget Onboards on India’s I4C’s Sahyog Portal to Support Local Law Enforcement

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 23, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has officially onboarded onto India’s Sahyog portal, a key interface under the Indian Cyber Crime Coordination Centre (I4C) framework. The portal facilitates direct and structured communication between law enforcement agencies and digital service providers. This development marks an important step in enhancing cooperation between virtual asset platforms and Indian authorities engaged in cybercrime investigations.

    The Sahyog portal serves as a centralized system that allows law enforcement to submit legal requests for data disclosure in accordance with Section 94 of the Bharatiya Nagarik Suraksha Sanhita (BNSS) and Section 79(3)(b) of the Information Technology Act. These provisions enable Indian authorities to seek access to digital evidence, user data, and transaction records from service providers in connection with active investigations. Bitget’s integration ensures that future requests can be managed through an established, secure, and legally compliant channel.

    Global exchanges are being actively onboarded onto the Sahyog system to improve investigative capabilities and reduce procedural delays. Alongside Bitget, other major global platforms have also been onboarded onto the Sahyog system in furtherance of the system’s robustness. The main aim is to provide investigators with aggregated access to essential data that supports timely enforcement actions in cases involving virtual assets.

    Bitget has taken multiple steps in recent months  to align with regional compliance frameworks across key jurisdictions, with India representing a particularly strategic market. Participation in official law enforcement portals is a good example of Bitget’s  proactive stance in aligning operations with local regulatory expectations. It aligns with the exchange’s broader aim to assist in creating a transparent and accountable environment for digital asset trading, particularly as authorities globally increase scrutiny of crypto transactions.

    “Operating responsibly in all jurisdictions remains a priority for Bitget. India’s regulatory and enforcement landscape around digital assets is evolving quickly, and aligning with initiatives like Sahyog highlights a practical step forward. Bitget will continue to engage constructively with local regulators to ensure that our systems deliver the legal and technical requirements to support such agencies,” said Hon NG, Chief Legal Officer at Bitget.

    As the global digital asset sector expands, increased engagement between crypto service providers and governments has become important to operate sustainably. Integration into frameworks such as Sahyog allows exchanges like Bitget to deliver timely and structured responses to legal requests, reducing friction in cross-border cooperation and ensuring that law enforcement agencies have access to the tools necessary for digital evidence collection.

    India’s growing emphasis on formalizing its approach to virtual assets has brought renewed focus on the role of foreign exchanges operating within its borders. Compliance with data disclosure provisions and participation in platforms like Sahyog are expected to play an important role in defining the future relationship between crypto firms and national authorities. Bitget’s onboarding adds to the growing list of global entities now accessible via Sahyog, signaling the broader direction of increased regulatory coordination across the industry.

    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/0956e457-f148-4c31-b579-b6261058c890

    The MIL Network –

  • MIL-OSI Russia: SPbPU is among the leaders in graduate employment

    Translation. Region: Russian Federal

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

    Peter the Great St. Petersburg Polytechnic University has confirmed the high level of training of specialists: according to the results of the national ranking of graduate employment, published by the Federal Service for Labor and Employment (Rostrud), the university was among the best universities in the country and demonstrated one of the highest results among universities in St. Petersburg.

    The ranking includes more than 150 universities from all regions of Russia. SPbPU is represented in the following areas of education: “Humanities”, “Engineering, Technology and Technical Sciences”, “Arts and Culture”, “Mathematical and Natural Sciences”, “Sciences about Society”.

    In each category, Polytechnic University is among the top 8 universities in St. Petersburg: its success is especially noticeable in mathematical and natural sciences, where SPbPU ranks fourth in undergraduate programs and third in graduate programs, which underlines the university’s high scientific and educational reputation.

    Polytechnic University also has a good position in the field of social sciences: graduates of the Master’s program occupy third place in the city in terms of employment and salaries, ahead of many specialized universities. Graduates of the Design program have become the most sought-after – SPbPU ranks first among St. Petersburg universities in the field of Art and Culture and second in Russia.

    This leading position testifies to the comprehensive development of the Polytechnic University and its significant contribution to the training of sought-after and competitive specialists in accordance with the trending requirements of industrial customers.

    At Polytechnic University, we do not just teach students, but actively promote their career growth and successful integration into the country’s economy in their chosen field. Already during their studies, Polytechnic students have the opportunity to solve real problems at partner enterprises. This allows us to prepare sought-after specialists who can make a significant contribution to Russia’s technological leadership. As a result, most graduates are employed or receive attractive offers from employers even before defending their diploma. The geography of their work covers both Russia and other countries, – commented SPbPU Rector Andrey Rudskoy.

    SPbPU demonstrates stable positions in the rankings thanks to a systematic approach: we develop connections with employers, implement practice-oriented modules and prepare graduates for real work. This is confirmed by statistical data and independent analytical assessments, – noted Vice-Rector for Educational Activities of SPbPU Lyudmila Pankova.

    The rating is based on data on employment and salary levels of 2022 graduates, obtained from the Federal Service for Labor and Employment. The rating is calculated based on data on employment and salary levels two years after graduation.

    The full rating is published onwebsite Federal Service for Labor and Employment of Russia.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Xinhua Commentary: Carrying out the “Central Asia-China spirit” and creating a new chapter of mutually beneficial cooperation

    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

    ASTANA, June 23 (Xinhua) — The Xinhua Research Institute, a think tank under the Xinhua News Agency, on Sunday released a report to the world titled “Developing the Central Asia-China Spirit: Achievements, Opportunities and Prospects of Regional Cooperation,” which provides a comprehensive overview of the important achievements and opportunities as well as challenges and problems of China-Central Asia cooperation in the new era and makes a forward-looking analysis of the future prospects.

    Central Asia is connected to China by common nature and destiny. If we look back into the past, we can see how the peoples of China and Central Asia together contributed to the establishment and prosperity of the Great Silk Road, leaving behind vivid evidence of cooperation over the centuries: “Caravans stretched to the horizon, and overseas merchants flocked to the border outposts day after day.”

    In the new era, China and Central Asia have become good neighbors, reliable friends, partners and brothers bound by a common destiny. From the quantitative and qualitative growth of trade and economic ties to the interconnectedness of infrastructure, from the joint development of green energy to mutual learning and the joint development of cultural exchanges, China and Central Asian countries have created a new reality of friendly, safe and prosperous neighborliness in the Eurasian space, developing and shaping the “Central Asia-China spirit” characterized by mutual respect, mutual trust, mutual benefit, mutual assistance and the promotion of joint modernization through high-quality development. In this way, China and Central Asia have jointly created a model and pattern of regional cooperation.

    The international situation is currently characterized by growing instability, and the world is entering a new period of turbulence and change. The rise of unilateralism and trade protectionism, and the destruction of international production and logistics chains are clouding the prospects for global trade. Despite the fruitful results achieved, cooperation between China and Central Asia faces numerous risks and challenges.

    In the face of a complicated and tense external environment, China is relentlessly focused on its own development and firmly promotes a high level of opening up to the outside world. In this process, China has always regarded the Central Asian region as an important area of its good-neighborly diplomacy, striving to expand mutually beneficial cooperation with countries in the region. This not only brings stability to the Central Asian economy, but also serves as a model of peaceful coexistence and mutually beneficial cooperation for the world.

    With the acceleration of a new wave of scientific and technological revolution and industrial transformation, and the deepening of regional cooperation, China and Central Asian countries are intensifying cooperation in new and diverse areas, striving for joint innovative development.

    At the new turn of history, China and Central Asian countries will write a new chapter of regional development together with greater openness and firmness of purpose, bringing more certainty and positive energy to the unstable world, igniting a new light of hope for mankind’s path to a better future, and making greater contributions to the building of a community with a shared future for mankind.

    MIL OSI Russia News –

  • India set to outpace G7 economies, says Equirus report

    Source: Government of India

    Source: Government of India (4)

    A recent report by wealth management firm Equirus has underlined India’s structural economic strengths, stating the country is poised to outpace G7 economies in the coming years. The report suggests that global capital can no longer afford to ignore India’s evolving economic landscape.

    According to Equirus, India’s growth is being powered by strong macroeconomic fundamentals, government-led capital expenditure, a revival in rural consumption, and a structural shift in manufacturing. These factors, the report notes, are positioning India favourably amid a globally uncertain economic environment.

    Equirus Credence Family Office CEO Mitesh Shah said India is no longer just the fastest-growing economy on paper, but is structurally better placed than most of the G7 nations. He described this as a “seismic shift” in global economic dynamics. Highlighting the shift in global macro trends, Shah pointed out that India is expected to contribute over 15 per cent to global GDP growth between 2025 and 2030, whereas traditional global investment strategies are beginning to falter.

    The report outlines how India is benefiting from critical structural trends. These include a significant uptick in rural demand, where FMCG consumption in rural areas grew by 6 per cent, compared to 2.8 per cent in urban regions. In addition, government-led capital expenditure is set to increase by 17.4 per cent, alongside a Rs 2.5 lakh crore liquidity infusion currently underway.

    Over the last decade, the monthly per capita expenditure gap between rural and urban households has narrowed from 84 per cent to 70 per cent, further supporting the case for a consumption-led recovery in the Indian economy.

    Equirus also questions the continued relevance of the traditional 60/40 portfolio strategy, which divides assets between equities and bonds. In an increasingly fragmented global financial landscape, the report argues, dynamic and geography-spanning asset allocation is not just advisable but essential for both capital preservation and alpha generation.

    India’s rising global economic stature is evident in its growing contribution to global GDP growth, which now significantly exceeds that of Japan and Germany. The report also highlights broader global shifts that support India’s rise, including a decline of around 6 per cent in the Dollar Index (DXY) from its 2025 peak and stable crude oil prices near $70 per barrel, both of which help ease India’s import burden.

    On the manufacturing front, the report notes the gradual materialisation of the ‘China +1’ strategy. With multinational corporations like Apple moving parts of their iPhone production to India, the country is gaining from favourable cost structures, lower attrition rates, and stronger geopolitical alignment.

    India’s post-election economic outlook is also bolstered by a capex push led by both central and state governments. With a 17.4 per cent rise in capital spending and liquidity support via phased CRR cuts, the report sees these developments as a key force behind India’s economic momentum.

    -IANS

  • MIL-OSI Asia-Pac: Over 700 job vacancies to be offered at Talent-Wise Inclusive Job Fair

    Source: Hong Kong Government special administrative region

    Over 700 job vacancies to be offered at Talent-Wise Inclusive Job Fair    
    More than 40 organisations ranging from small and medium-sized enterprises to large-scale corporations will participate in the two-day job fair, offering over 700 job vacancies from various industries, including those of information technology, finance, transport, catering, hotel, property management and social services, providing employment opportunities to various types of persons with disabilities.
     
    Over 20 organisations will set up booths and conduct recruitment each day. A wide variety of positions will be offered, including systems analyst, accounting assistant, clerk, technician, marketing assistant, customer service officer, room attendant, warehouse worker, railway technical trainee, automotive mechanic apprentice, graphic designer, library material maintenance assistant, cook, waiter, multi-skilled cleaner, property service assistant, laundry steam presser, hair therapist, beauty salon assistant and receptionist, etc. Job seekers can visit the LD’s Interactive Selective Placement Service Website (www.jobs.gov.hk/isps    
    Job seekers can submit applications during the event and may be able to attend on-the-spot interviews. They can also make enquiries on and register for the employment services provided for persons with disabilities by the LD’s Selective Placement Division at its counter inside the venue.
        
    The job fair will be held from 10.30am to 5pm at G/F, TungPo of TWGHs in San Po Kong, Kowloon (accessible via Kai Tak Station or Diamond Hill Station of MTR). Admission is free, with final admission time at 4.30pm each day.
    Issued at HKT 15:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Murphy Statement on President Trump’s Strikes Against Iran

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    June 22, 2025

    WASHINGTON—Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Foreign Relations Committee, on Sunday released the following statement on President Trump’s illegal ordering of strikes on three nuclear sites in Iran without congressional authorization:

    “Donald Trump, a weak and dangerously reckless president, has put the United States on a path to a war in the Middle East that the country does not want, the law does not allow, and our security does not demand.

    “Our president knows nothing about history. And history tells us that the United States’ hubris about the efficacy of military action in the Middle East is almost universally wrong. Trump has been goaded into these strikes by the perpetual cheerleaders of war in the Middle East – the people who know how to start conflicts there but never know how to end them, and the people who profit – politically and financially – from endless war.

    “I’ve been briefed on the intelligence – there is no evidence Iran posed an imminent threat to the United States. That makes this attack illegal. Only Congress can declare preemptive war, and we should vote as soon as possible on legislation to explicitly deny President Trump the authorization to drag us into a conflict in Middle East that could get countless Americans killed and waste trillions of dollars. All my thoughts tonight are for the safety of our personnel in the region.”

    MIL OSI USA News –

  • MIL-Evening Report: Australian CEOs are still getting their bonuses. Performance doesn’t seem to matter so much

    Source: The Conversation (Au and NZ) – By Richard Denniss, Adjunct Professor, Crawford School of Public Policy, Australian National University

    RomanR/Shutterstock

    Almost all of Australia’s top chief executives are, according to their boards at least, knocking it out of the park in terms of performance.

    That is despite sluggish productivity, persistently high carbon emissions, rising inequality and Australia’s public spending on research and development being among the lowest in the OECD.

    According to new data from the Australian Council of Superannuation Investors, 91% of Australia’s top chief executive officers (CEOs) received some form of performance bonus last year. That elevated their pay well above their base salaries (which were already over A$1 million). Only five CEOs out of 142 eligible for a bonus received zero.

    The fact nearly all of Australia’s top CEOs are receiving these performance bonuses shows performance pay is more about rewarding conformity and discipline than risk-taking and entrepreneurship.

    Do we really believe 91% of our CEOs made big bets that paid off last year? A more plausible explanation is that we simply reward executives for not stuffing up. Their customer base is growing in line with population growth and their prices are rising faster than their cost of production, which means profits rise without too much effort.

    Not keeping up with change

    Take the electricity industry for example. It’s hard to imagine an industry in which change is more inevitable than the industry responsible for transitioning away from gas and coal-fired power stations to renewable energy.

    But according to the Australian Bureau of Statistics, the electricity, gas and water industry spends a mere 0.24% of sales on research and development each year. That is half the economy-wide average.

    Unfortunately, innovation does not appear to be a prerequisite for CEOs being rewarded with large bonuses. According to Energy Australia, its CEO Mark Collette (base salary over $1 million) recently challenged a room full of other well-paid leaders at Australian Energy Week to continuously ask themselves: “Will this make energy cheaper?”

    However instead of focusing on keeping costs down for consumers, companies have sometimes resorted to misleading statements. Energy Australia recently admitted to misleading customers by claiming the coal and gas-fired electricity it was selling was “carbon neutral”.

    Companies purchase carbon credits to offset emissions elsewhere in their businesses.
    tech_BG/Shutterstock

    Energy Australia was buying widely used carbon offsets to make the claim the fossil-fuel fired electricity it was selling was carbon neutral. In its apology Energy Australia conceded “offsets do not prevent or undo the harms caused by burning fossil fuels for a customer’s energy use”.

    While it is clear Energy Australia’s spending on carbon credits did nothing to make the company’s energy cheaper, it is not yet clear if the board will award a “performance bonus”.

    Leading the world – in pay packets

    Another example of the lack of relationship between CEO pay and organisational performance is Australia’s university sector. The vice chancellors of Australian universities are among the best paid in the world, with over a dozen Australian earning more than the head of Cambridge University.

    But there is no correlation between student satisfaction and vice chancellor pay.

    And while Australian vice chancellor pay has been soaring, Australian universities have been slipping steadily down international rankings for university quality.

    Inequality is rising

    While performance-based bonuses and incentives are common among CEOs and vice chancellors, the same is not true for lower-paid staff.

    Instead, these staff are often asked to “do more, with less” even as their real wages have declined. Universities have seen a notable decline in academic staff per student while the gap between the pay of lecturers and vice chancellors has skyrocketed.

    Extremely high salaries for CEOs and vice chancellors have done nothing to boost Australian productivity growth, or our performance in global rankings for our universities, research and development or innovation. Paying out large bonuses for average performance has done little to help either.

    Inequality in Australia is rising. As long as CEO pay is rising faster than the minimum wages, that gap will continue to widen. The latest data showed CEO salaries are 55 times that of the average worker.

    Just doing their job

    While it is true it is hard to measure the performance of a CEO, it’s also hard to measure the care and attention provided by a childcare worker, the compassion of an aged care nurse, the helpfulness of a call centre operator or the enthusiasm of a lecturer.

    Few CEOs think we need bonuses to motivate the vast majority of Australian workers. But it is heresy to suggest those at the top of a big organisation could simply work diligently without a giant bonus.

    So, it’s not just income that is unequal in Australia. We expect a lot more self-motivation from those at the bottom of the income distribution than those at the very top.

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

    – ref. Australian CEOs are still getting their bonuses. Performance doesn’t seem to matter so much – https://theconversation.com/australian-ceos-are-still-getting-their-bonuses-performance-doesnt-seem-to-matter-so-much-259382

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Woodside’s North West Shelf gas extension is being challenged in the courts. Could it be stopped?

    Source: The Conversation (Au and NZ) – By Samantha Hepburn, Professor, Deakin Law School, Deakin University

    The controversial extension of Woodside’s North West Shelf gas project off Western Australia faces two legal challenges. Both raise significant concerns about the validity of government approvals. One could even seek an injunction, preventing federal environment minister Murray Watt from making a final decision.

    The first battle is being fought along climate lines. Enormous amounts of greenhouse gases will be released when gas from the project is exported and burned overseas. The Friends of Australian Rock Art group now argues the then WA environment minister Reece Whitby should have taken this pollution into account when approving the extension in December.

    The second concerns ancient Aboriginal rock art in the Murujuga National Park on the Burrup Peninsula. There’s evidence greenhouse gas emissions released during extraction of fossil fuels is damaging the artwork, and Traditional Owners are seeking a protection order.

    The decision to grant the extension appears at odds with national heritage and state environment laws. Both cases will be a closely watched test of these legal protections.

    What’s the North West Shelf approval about?

    Approval for the North West Shelf gas processing plant in Karratha, WA, was to expire in 2030. Woodside Energy sought to extend the project to 2070.

    The state government gave approval to the extension in December, and the federal government gave conditional approval last month.

    Watt gave Woodside ten business days to respond to “strict conditions particularly relating to the impact of air emissions” on nearby rock art, but that deadline was not met. Woodside has been given more time to review the conditions.

    Meanwhile, two legal challenges have been mounted.

    The Friends of Rock Art case

    Earlier this month, the group Friends of Australian Rock Art requested judicial review of the approval by Whitby.

    Judicial review is where courts review government decisions to ensure they are lawful and fair. The case is yet to be heard in the WA Supreme Court.

    The group argues the state failed to give proper regard to the climate impact of the proposal, as required under the WA Environment Protection Act.

    Specifically, the group argues the approval did not fully examine the climate impacts of so-called “scope three” emissions. These occur when the exported gas is burned overseas.

    Under WA state law, the minister must consider whether a proposal will have a significant effect on the environment. This is a broad requirement and the climate effects of a decision are relevant.

    The WA Office of Environmental Protection makes this clear in a statement of objectives, which include minimising “the risk of environmental harm associated with climate change by reducing greenhouse gases as far as practicable”.

    Guidelines published in November to help implement this objective set out that where scope three emissions are likely to exceed 100,000 tonnes a year, extra information must be provided to government. This includes “a summary of where the scope three emissions will be emitted (domestic or international), and whether they are or are reasonably likely to be subject to emission reduction requirements as scope 1 or 2 emissions”.

    The guidelines further state that the EPA’s usual minimum expectation for proposals is for “deep, substantial and sustained emission reductions” this decade – with net zero no later than 2050, and reductions occurring along a linear trajectory (at minimum) from 2030.

    Woodside has indicated the project extension would emit about 80 million tonnes of scope three emissions annually – about equal to the emissions from a small to medium-sized country.

    Co-convener of the Friends group, Judith Hugo, said the minister did not give adequate regard to the guidelines and failed to consider the project’s full impact on the climate, as well as the nearby rock art.

    While litigation on scope three emissions is relatively new, it is gaining traction globally. It has become an increasingly significant factor underlying corporate climate action and policy development.

    Announcing the legal challenge on June 17, 2025 (Friends of Australian Rock Art)

    2. The Traditional Owner case

    Raelene Cooper is a Mardathoonera woman and founder of the group Save our Songlines. She filed legal action in the Federal Court in 2022, seeking temporary protection from industrial emissions for the art.

    Murujuga has some of the planet’s oldest known rock art, dating back 40,000 years. Research has shown rocks closer to the industrial operations have been degraded by past emissions.

    On May 23 this year, Cooper called for an “urgent assessment of the ongoing impacts of all industry on the Burrup” before the federal government decided on Woodside’s proposed extension.

    She had filed a motion in the Federal Court seeking to compel Watt to make a determination of her Murujuga Section 10 cultural heritage assessment. But Watt announced conditional approval for the Woodside extension on May 28.

    Watt reportedly promised to give Cooper three days’ notice of the approval. That would have given Cooper an opportunity to file an injunction preventing the minister from making a final decision to approve the North West Shelf prior to resolving her section 10 protection order.

    Resolution of the protection order is particularly important given the art has been nominated for UNESCO World Heritage listing. The World Heritage Committee referred the nomination back to the federal government so as to “prevent any further industrial development adjacent to, and within, the Murujuga Cultural Landscape”.

    This referral occurred before the project extension was approved. If the approval is finalised, the nomination may fail, because the government cannot ensure the area will be protected.

    Cooper’s case is set to be heard in July.

    Saving Murujuga Rock Art (The Australia Institute)

    High stakes and delicate decision-making

    These legal actions reflect deep public concern over the North West Shelf gas project extension.

    In the context of a worsening climate emergency and damage to ancient rock art, properly adhering to the legal requirements for the assessment of such projects couldn’t be more crucial.

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

    – ref. Woodside’s North West Shelf gas extension is being challenged in the courts. Could it be stopped? – https://theconversation.com/woodsides-north-west-shelf-gas-extension-is-being-challenged-in-the-courts-could-it-be-stopped-259130

    MIL OSI Analysis – EveningReport.nz –

  • Tesla rolls out robotaxis in Texas test

    Source: Government of India

    Source: Government of India (4)

    Tesla deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon Musk announcing the “robotaxi launch” and social-media influencers posting videos of their first rides.

    The event marked the first time Tesla cars without human drivers have carried paying riders, a business that Musk sees as crucial to the electric car maker’s financial future.

    He called the moment the “culmination of a decade of hard work” in a post on his social-media platform X and noted that “the AI chip and software teams were built from scratch within Tesla.”

    Teslas were spotted early Sunday in a neighborhood called South Congress with no one in the driver’s seat but one person in the passenger seat. The automaker planned a small trial with about 10 vehicles and front-seat riders acting as “safety monitors,” though it remained unclear how much control they had over the vehicles.

    In recent days, the automaker sent invites to a select group of influencers for a carefully monitored robotaxi trial in a limited zone. The rides are being offered for a flat fee of $4.20, Musk said on X.

    Tesla investor and social-media personality Sawyer Merritt posted videos on X Sunday afternoon showing him ordering getting picked up, and taking a ride to a nearby bar and restaurant, Frazier’s Long and Low, using a Tesla robotaxi app.

    If Tesla succeeds with the small deployment, it still faces major challenges in delivering on Musk’s promises to scale up quickly in Austin and other cities, industry experts say.

    It could take years or decades for Tesla and self-driving rivals, such as Alphabet’s Waymo, to fully develop a robotaxi industry, said Philip Koopman, a Carnegie Mellon University computer-engineering professor with expertise in autonomous-vehicle technology.

    A successful Austin trial for Tesla, he said, would be “the end of the beginning – not the beginning of the end.”
    Most of Tesla’s sky-high stock value now rests on its ability to deliver robotaxis and humanoid robots, according to many industry analysts. Tesla is by far the world’s most valuable automaker.

    As Tesla’s robotaxi-rollout date approached, Texas lawmakers moved to enact autonomous-vehicle rules. Texas Governor Greg Abbott, a Republican, on Friday signed legislation requiring a state permit to operate self-driving vehicles.

    The law, which takes effect September 1, signals that state officials from both parties want the driverless-vehicle industry to proceed cautiously.

    Tesla did not respond to requests for comment. The governor’s office declined to comment.

    “EASY TO GET, EASY TO LOSE”

    The law softens the state’s previous anti-regulation stance on autonomous vehicles. A 2017 Texas law specifically prohibited cities from regulating self-driving cars.

    The new law requires autonomous-vehicle operators to get approval from the Texas Department of Motor Vehicles before operating on public streets without a human driver. It gives state authorities the power to revoke permits for operators they deem a public danger.

    The law also requires firms to provide information on how first responders can deal with their driverless vehicles in emergency situations.

    The law’s permit requirements for an “automated motor vehicle” are not onerous but require firms to attest their vehicles can operate legally and safely.

    It defines an automated vehicle as having at least “Level 4” autonomous-driving capability under a recognized standard, meaning it can operate with no human driver under specified conditions. Level 5 autonomy is the top level and means a car can drive itself anywhere, under any conditions.

    Compliance remains far easier than in some states, notably California, which requires submission of vehicle-testing data under state oversight.

    Bryant Walker Smith, a University of South Carolina law professor who focuses on autonomous driving, said it appears any company that meets minimum application requirements will get a Texas permit – but could also lose it if problems arise.

    “California permits are hard to get, easy to lose,” he said. “In Texas, the permit is easy to get and easy to lose.”

    MUSK’S SAFETY PLEDGES

    The Tesla robotaxi rollout comes after more than a decade of Musk’s unfulfilled promises to deliver self-driving Teslas.

    Musk has said Tesla would be “super paranoid” about robotaxi safety in Austin, including operating in limited areas.

    The service in Austin will have other restrictions as well. Tesla plans to avoid bad weather, difficult intersections, and will not carry anyone below age 18.

    Commercializing autonomous vehicles has been risky and expensive. GM’s Cruise was shut down after a serious accident. Regulators are closely watching Tesla and its rivals, Waymo and Amazon’s Zoox.

    Tesla is also bucking the young industry’s standard practice of relying on multiple technologies to read the road, using only cameras. That, Musk says, will be safe and much less expensive than lidar and radar systems added by rivals.

    (Reuters)

  • MIL-OSI: Boyuan Capital (investment platform under Bosch Group) and Galbot Forged JV

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, June 23, 2025 (GLOBE NEWSWIRE) — On June 17, 2025, Boyuan Capital (the market-oriented investment platform under the Bosch Group), announced a joint venture named BOYIN INNOVATION ALLIANCE with Galbot, a market leading innovator in building general-purpose humanoid robots powered by Embodied AI.

    The collaboration was officially unveiled at the “Open Bosch: Embodied AI Day” event on June 17. On the same day, Bosch China, Boyuan Capital, and Galbot signed a strategic memorandum of understanding (MOU) to jointly advance the R&D and commercialization of Embodied Intelligent Robotics.

    The joint venture will focus on industrial applications with Embodied AI in high-precision manufacturing—such as complex assembly— aiming at promoting the large-scale industrial deployment of Embodied AI and accelerating the global adoption of Embodied AI technologies. It will leverage Galbot’s proprietary Embodied AI technology, replace traditional rule-based and programmed automation deployment methods with Embodied AI models trained on real industrial scenario data, and develop next-generation intelligent robot systems for industrial scenarios. This initiative marks a significant milestone in transitioning Embodied AI from pilot testing to scaled industrial deployment, aligning with the global acceleration of smart manufacturing.

    Galbot: A pioneer in Embodied AI

    Galbot—recognized by The Information as one of the Top Asia Startups of 2024 has emerged as a leader in Embodied AI. Galbot is Founded in May 2023 by Prof. He Wang from Peking University, who gained his PhD from Stanford.

    At the event, Galbot demonstrated its Embodied AI robots, showcasing fully autonomous capabilities in complex automotive and retail scenarios. The live demonstrations received widespread acclaim from key partners, including Bosch China, BoYuan Capital and United Automotive Electronic Systems (UAES), underscoring the maturity of Galbot’s Embodied AI technologies.

    These demonstrations showcased the maturity of Galbot’s technology stack, which includes: End-to-End VLA (Vision-Language-Action) Large Models with strong generalization capabilities; A proprietary simulation dataset containing over 10 billion high-quality robotic action data points; Advanced hardware systems featuring high-precision control and scenario adaptability.

    Strategic Collaboration and Global Reach

    As a key early milestone, BOYIN INNOVATION ALLIANCE signed a memorandum of understanding with UAES to establish RoboFab, a joint laboratory dedicated to cultivating automotive-operations related expertise in Embodied AI and redefining industrialization.

    “Embodied AI holds transformative potential to redefine manufacturing processes. We’re already witnessing its remarkable capabilities across diverse production stages. Through this powerful synergy between Boyuan Capital and Galbot, we anticipate delivering commercially viable, scalable robotics solutions with real industry impact,” said Dr. Ingo Ramesohl, Managing Partner of Bosch Ventures.

    “The future of manufacturing lies in intelligent, adaptive systems that can learn from real-world data,” said Professor He Wang, founder of Galbot. “Through this collaboration with Bosch and Boyuan Capital, we’re building an end-to-end value chain that will deliver globally competitive Embodied AI solutions for smart manufacturing.”

    The joint venture adopts a “global design, local production” strategy, positioning it to serve key international markets including Europe, North America, and Southeast Asia.

    Industry analysts view this collaboration as a significant development in the Embodied AI sector, potentially accelerating the industrialization of AI-driven robot system in manufacturing. The partnership brings together complementary strengths: Bosch’s industrial experience, Boyuan’s financial resources and eco-system, and Galbot’s technological innovations in Embodied AI.

    Contact Person: Xiaokang Li
    Email: business@galbot.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ba8b74d-508b-4a6f-b65f-3dc9bb26b9fa

    The MIL Network –

  • MIL-OSI: Boyuan Capital (investment platform under Bosch Group) and Galbot Forged JV

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, June 23, 2025 (GLOBE NEWSWIRE) — On June 17, 2025, Boyuan Capital (the market-oriented investment platform under the Bosch Group), announced a joint venture named BOYIN INNOVATION ALLIANCE with Galbot, a market leading innovator in building general-purpose humanoid robots powered by Embodied AI.

    The collaboration was officially unveiled at the “Open Bosch: Embodied AI Day” event on June 17. On the same day, Bosch China, Boyuan Capital, and Galbot signed a strategic memorandum of understanding (MOU) to jointly advance the R&D and commercialization of Embodied Intelligent Robotics.

    The joint venture will focus on industrial applications with Embodied AI in high-precision manufacturing—such as complex assembly— aiming at promoting the large-scale industrial deployment of Embodied AI and accelerating the global adoption of Embodied AI technologies. It will leverage Galbot’s proprietary Embodied AI technology, replace traditional rule-based and programmed automation deployment methods with Embodied AI models trained on real industrial scenario data, and develop next-generation intelligent robot systems for industrial scenarios. This initiative marks a significant milestone in transitioning Embodied AI from pilot testing to scaled industrial deployment, aligning with the global acceleration of smart manufacturing.

    Galbot: A pioneer in Embodied AI

    Galbot—recognized by The Information as one of the Top Asia Startups of 2024 has emerged as a leader in Embodied AI. Galbot is Founded in May 2023 by Prof. He Wang from Peking University, who gained his PhD from Stanford.

    At the event, Galbot demonstrated its Embodied AI robots, showcasing fully autonomous capabilities in complex automotive and retail scenarios. The live demonstrations received widespread acclaim from key partners, including Bosch China, BoYuan Capital and United Automotive Electronic Systems (UAES), underscoring the maturity of Galbot’s Embodied AI technologies.

    These demonstrations showcased the maturity of Galbot’s technology stack, which includes: End-to-End VLA (Vision-Language-Action) Large Models with strong generalization capabilities; A proprietary simulation dataset containing over 10 billion high-quality robotic action data points; Advanced hardware systems featuring high-precision control and scenario adaptability.

    Strategic Collaboration and Global Reach

    As a key early milestone, BOYIN INNOVATION ALLIANCE signed a memorandum of understanding with UAES to establish RoboFab, a joint laboratory dedicated to cultivating automotive-operations related expertise in Embodied AI and redefining industrialization.

    “Embodied AI holds transformative potential to redefine manufacturing processes. We’re already witnessing its remarkable capabilities across diverse production stages. Through this powerful synergy between Boyuan Capital and Galbot, we anticipate delivering commercially viable, scalable robotics solutions with real industry impact,” said Dr. Ingo Ramesohl, Managing Partner of Bosch Ventures.

    “The future of manufacturing lies in intelligent, adaptive systems that can learn from real-world data,” said Professor He Wang, founder of Galbot. “Through this collaboration with Bosch and Boyuan Capital, we’re building an end-to-end value chain that will deliver globally competitive Embodied AI solutions for smart manufacturing.”

    The joint venture adopts a “global design, local production” strategy, positioning it to serve key international markets including Europe, North America, and Southeast Asia.

    Industry analysts view this collaboration as a significant development in the Embodied AI sector, potentially accelerating the industrialization of AI-driven robot system in manufacturing. The partnership brings together complementary strengths: Bosch’s industrial experience, Boyuan’s financial resources and eco-system, and Galbot’s technological innovations in Embodied AI.

    Contact Person: Xiaokang Li
    Email: business@galbot.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8ba8b74d-508b-4a6f-b65f-3dc9bb26b9fa

    The MIL Network –

  • MIL-OSI: 35/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 35 / 2025
    Schindellegi, Switzerland – 23 June 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 112,959 88.15 9,957,628
    16 June 2025 1,900 97.64 185,516
    17 June 2025 1,900 97.59 185,421
    18 June 2025 1,900 97.62 185,478
    19 June 2025 1,900 98.49 187,131
    20 June 2025 1,900 97.32 184,908
    Accumulated 122,459 88.90 10,886,082

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 122,459 at a total amount of DKK 10,886,082.
    On 25 March, 25 April and 23 May 2025, 4,370 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 354,475 treasury shares, corresponding to 1.8%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,390,424.


    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI: 35/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 35 / 2025
    Schindellegi, Switzerland – 23 June 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 112,959 88.15 9,957,628
    16 June 2025 1,900 97.64 185,516
    17 June 2025 1,900 97.59 185,421
    18 June 2025 1,900 97.62 185,478
    19 June 2025 1,900 98.49 187,131
    20 June 2025 1,900 97.32 184,908
    Accumulated 122,459 88.90 10,886,082

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 122,459 at a total amount of DKK 10,886,082.
    On 25 March, 25 April and 23 May 2025, 4,370 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 354,475 treasury shares, corresponding to 1.8%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,390,424.


    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specializes in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI New Zealand: Overseas investment decisions twice as fast

    Source: New Zealand Government

    Associate Minister of Finance David Seymour is encouraged to see overseas investment decisions being made twice as fast following his Ministerial directive letter (the letter) to Land Information New Zealand (LINZ). 

    “Last year I issued a Ministerial directive letter setting out my expectations for faster consent processing timeframes under the Overseas Investment Act (the Act),” Mr Seymour says. 

    “The letter set my expectation that LINZ, the regulator for the Act, will process 80 per cent of consent applications in half the statutory timeframes for decisions. 

    “The financial year beginning 1 July 2024 is on track to meet my expectations. So far, LINZ has been processing 88 per cent of consent applications in half the statutory timeframe. 

    “Since this financial year began, processing times have reduced by 39 per cent faster than the previous financial year. The average timeframe has reduced from 71 working days in the last financial year, to 28 working days this financial year. 

    “The improvements to processing times are largely owed to the new risk-based approach LINZ take to verifying information and streamlining consent processes. This recognises that the majority of consent applications are low-risk and should be processed more efficiently.

    “1 July 2024 to 19 June 2025 saw 122 applications for overseas investment, decreasing from 146 in the financial year prior (both figures exclude ‘only home to live in’ applications). The decrease is explained by a significant drop in applications for residential land development due to poor property market conditions. I expect these numbers to bounce back with the rise of the property market.

    “In order to have a strong growing economy New Zealand needs to be more welcoming to investment. Long waiting times for applications was creating uncertainty and impacting the attractiveness of investing in New Zealand. This affected New Zealand businesses that rely on overseas investment for capital or for liquidity.

    “Since delegating most decision-making to LINZ and directing officials to focus on realising the benefits of overseas investment, there has been a significant improvement in processing times.

    “Feedback from investors has been overwhelmingly positive, and they have welcomed the changes to make the application process more efficient, while still giving the right level of scrutiny to high-risk transactions.

    “LINZ still has the full statutory timeframe to process 20 per cent of consent applications, which will allow them to manage complex and higher-risk applications.

    “This week will see the first reading of thee Overseas Investment (National Interest Test and Other Matters) Amendment Bill as well.

    “The Bill will consolidate and simplify the screening process for less sensitive assets, introducing a modified national interest test that will enable the regulator to triage low-risk transactions, replacing the existing benefit to New Zealand test and investor test. If a national interest risk is identified, the regulator and relevant Minister will have a range of tools to manage this, including through imposing conditions or blocking the transaction. 

    The current screening requirements will stay in place for investments in farmland and fishing quota.

    “New Zealand has been turning away opportunities for growth for too long. Having one of the most restrictive overseas investment regimes in the OECD means we’ve paid the price in lost opportunities, lower productivity, and stagnant wages. This Bill is about reversing that.   

    “For all investments aside from residential land, farmland and fishing quota, decisions must be made in 15 days, unless the application could be contrary to New Zealand’s national interest. In contrast, the current timeframe in the Regulations for the benefit test is 70 days, and the average time taken for decisions to be made is 30 days for this test,” says Mr Seymour.

    “International investment is critical to ensuring economic growth. It provides access to capital and technology that grows New Zealand businesses, enhances productivity, and supports high paying jobs.

    The Bill can be read here: Overseas Investment (National Interest Test and Other Matters) Amendment Bill 171-1 (2025), Government Bill Contents – New Zealand Legislation

    MIL OSI New Zealand News –

  • MIL-Evening Report: NZ’s plan to ‘welcome anyone, from anywhere, anytime’ is not a sustainable tourism policy

    Source: The Conversation (Au and NZ) – By Regina Scheyvens, Professor of Development Studies, Te Kunenga ki Pūrehuroa – Massey University

    Getty Images

    Attracting more Chinese tourists to New Zealand, including during the off-season, was a major part of Prime Minister Christopher Luxon’s trade agenda during his visit to China last week. As Tourism Minister Louise Upston put it: “we welcome anyone, from anywhere, anytime”.

    It’s all part of the government’s plan to “turbocharge” the tourism sector with an additional NZ$13.5 million for marketing this year. The hope is this will help double the value of tourism as an export earner by 2034.

    The China visit built on the government’s Tourism Growth Roadmap which aims to attract 3.89 million visitors by 2026, and 4.78 million by 2030-34.

    Ironically, the release of the roadmap coincided with unprecedented, organised push-back against mass tourism across southern Europe this month. Fed up with the economic and cultural impact of too much “touristification”, residents of popular cities and islands in Italy, Portugal and Spain took part in coordinated protests, some even spraying tourists with water pistols.

    Before COVID upended international tourism in 2020, similar serious concerns were voiced in New Zealand about environmental degradation, crowding and congestion, and declining public support for tourism.

    But the plan to turbocharge tourism specifically aims to return international visitor arrivals to pre-COVID levels.

    From destination management to marketing

    As part of the government’s Tourism Boost Package, money generated by the International Visitor Levy (IVL) will be spent driving demand in Australia and elsewhere over the next two years.

    But this use of the visitor levy (which was raised to $100 in October last year) seems at odds with its stated purpose. According to New Zealand Immigration, “The IVL is your contribution to maintaining the facilities and natural environment you will use and enjoy during your stay”.

    Visitor levy revenue was strategically intended to support tourism regions to protect their natural environments and maintain crucial infrastructure.

    Diverting visitor levy income to fund overall tourism growth also seems to turn a deaf ear to the 2020 interim report from the Tourism Futures Taskforce and the 2023 Tourism Adaptation Roadmap from the Aotearoa Circle industry group.

    Both were widely acknowledged for their vision and ambition to create a future tourism that served the aspirations of Māori and local communities.

    There’s also a risk of the 29 Destination Management Plans developed since 2021 (with financial support from the visitor levy) being shelved in this detour from destination management to marketing.

    Anti-tourism protesters in Barcelona brandish water pistols, June 15.
    Getty Images

    Redefining tourism ‘value’

    There are several key questions about the practical implications of the government’s growth-oriented tourism development approach.

    Firstly, staff and infrastructure limitations mean destinations and business will struggle to accommodate more numbers. As the acting mayor of MacKenzie District has noted, several businesses around Tekapo were forced to operate below capacity last summer because there was no suitable housing available for the staff, only up-market holiday rentals.

    New Zealand also faces a tourism workforce crisis. Over the past ten years, there has been a 63% drop in the number of students taking tourism-related tertiary courses, and a 73% decrease in those completing hospitality courses.

    Meanwhile, from Northland to Queenstown, basic utilities such as electricity and drinking water are being stretched beyond capacity during peak visitation times.

    Secondly, there is a real risk of environmental damage from overtourism compromising the appeal of iconic attractions and destinations.

    But despite concern over growing visitor pressure at Piopiotahi/Milford Sound over the past decade, the government recently rejected a plan to manage numbers and ban cruise ships in the inner sound.

    Thirdly, there is the risk of tourism losing its social licence, as is happening in parts of Europe, given the huge burdens on small communities. As the mayor of Queenstown said recently: “When I first started as the mayor, I think it was one resident night to every 30 visitor nights. It is now one to 47.”

    Ultimately, long-term value creation through tourism can only happen when “value” is defined in more than monetary terms and in ways that deliver for all stakeholders, including businesses, visitors, communities, mana whenua and nature.

    The government’s focus on “turbocharging” economic growth through tourism now puts at risk what little progress has been made toward a sustainable tourism model and giving the regions most affected a voice.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. NZ’s plan to ‘welcome anyone, from anywhere, anytime’ is not a sustainable tourism policy – https://theconversation.com/nzs-plan-to-welcome-anyone-from-anywhere-anytime-is-not-a-sustainable-tourism-policy-259246

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Activity statement generate dates

    Source: New places to play in Gungahlin

    About generate dates

    We provide planned activity statement generate dates throughout the financial year. Activity statements are produced based on data extracted from our records on these dates.

    Online activity statements are generally available one week after the activity statement generate date. It may take up to 3 weeks to receive your activity statements, if sent by post.

    A generate date may change at short notice in the event of any of the following:

    • urgent system maintenance
    • changed government or administrative priorities
    • changed community circumstances, such as natural disasters.

    If you lodge activity statements online and we have your email address, we will send you an email reminder 21 days before the due date.

    If a legislative due date occurs on a weekend or public holiday, the due date is the next working day.

    2025–26 financial year quarterly

    Dates for 2025–26 quarterly activity statement

    Quarter

    Period covered

    Planned generate date

    Legislative due date

    Quarter 1

    1 Jul to 30 Sep

    7 Sep 2025

    28 Oct 2025

    Quarter 2

    1 Oct to 31 Dec

    7 Dec 2025

    28 Feb 2026

    Quarter 3

    1 Jan to 31 Mar

    8 Mar 2026

    28 Apr 2026

    Quarter 4

    1 Apr to 30 Jun

    7 Jun 2026

    28 Jul 2026

    2025–26 financial year monthly

    Dates for 2025–26 monthly activity statement

    Period

    Planned generate date

    Legislative due date

    Jul 2025

    13 Jul 2025

    21 Aug 2025

    Aug 2025

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    21 Sep 2025

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    7 Sep 2025

    21 Oct 2025

    Oct 2025

    13 Oct 2025

    21 Nov 2025

    Nov 2025

    13 Nov 2025

    21 Dec 2025

    Dec 2025

    7 Dec 2025

    21 Jan 2026

    Jan 2026

    13 Jan 2026

    21 Feb 2026

    Feb 2026

    13 Feb 2026

    21 Mar 2026

    Mar 2026

    8 Mar 2026

    21 Apr 2026

    Apr 2026

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    Update your details

    You can update the following details if they have changed:

    Keep in mind that you’ll need to allow time for us to process your changes before the next generate date.

    MIL OSI News –

  • Iran Parliament Approves Strait of Hormuz Closure Following U.S. Nuclear Strikes as Global Energy Crisis Looms

    Source: Government of India

    Source: Government of India (4)

    Iran’s parliament has unanimously approved a dramatic proposal to close the Strait of Hormuz—the world’s most critical oil and gas shipping route—in direct retaliation for U.S. airstrikes on Iranian nuclear facilities at Fordow, Natanz, and Isfahan. While the decision signals a potentially catastrophic escalation with global repercussions, final authority to implement the closure lies with Iran’s Supreme National Security Council, which has not yet issued a formal order.

    U.S. Secretary of State Marco Rubio condemned the move as “economic suicide” and warned it would provoke a strong American and allied military response. He urged China to use its influence with Tehran to prevent the closure, citing Beijing’s heavy dependence on the waterway for oil imports. Oil prices have already begun spiking on global markets, with analysts predicting a surge well above $100 per barrel if the blockade is enforced.

    The Strait of Hormuz handles approximately 20 percent of global oil exports and a significant share of liquefied natural gas shipments, making it one of the most strategically vital maritime chokepoints in the world. Senior Iranian lawmaker and Revolutionary Guards commander Esmaeil Kowsari confirmed that parliament concluded the strait should be closed but reiterated that the Supreme National Security Council holds final decision-making authority.

    Economists warn that a full closure could trigger cascading effects on global inflation and economic stability. Major economies in Asia and Europe—heavily reliant on West Asian energy supplies—face the prospect of severe supply disruptions that could cripple industrial output and consumer markets.

    The Chinese government now faces the delicate task of balancing its strategic partnership with Iran against the potentially devastating impact on its own energy security. While Beijing has not yet issued an official statement, American diplomats are actively engaging with Chinese counterparts to urge intervention before the crisis escalates further.

    In response, U.S. military forces throughout the region have been placed on heightened alert. The Pentagon is reportedly preparing for potential naval confrontations, as any sustained closure of the Strait of Hormuz would pose an existential threat to global energy security.

    The Iranian parliament’s decision marks the most serious threat to global energy supplies since the 1980s Tanker War, when Iran and Iraq targeted commercial shipping. Current tensions in West Asia have already disrupted aviation and shipping patterns, but a Hormuz closure would represent an unprecedented blow to the global economy amid an already volatile energy landscape.

  • Iran weighs retaliation against U.S. for strikes on nuclear sites

    Source: Government of India

    Source: Government of India (4)

    Iran and Israel traded air and missile strikes as the world braced on Monday for Tehran’s response to the U.S. attack on its nuclear sites and U.S. President Donald Trump raised the idea of regime change in the Islamic republic.

    Iran vowed to defend itself on Sunday, a day after the U.S. joined Israel in the biggest Western military action against the country since its 1979 Islamic Revolution, despite calls for restraint and a return to diplomacy from around the world.

    Commercial satellite imagery indicated the U.S. attack on Saturday on Iran’s subterranean Fordow nuclear plant severely damaged or destroyed the deeply buried site and the uranium-enriching centrifuges it housed, but the status of the site remained unconfirmed, experts said.

    In his latest social media comments on the U.S. strikes, Trump said “Monumental Damage was done to all Nuclear sites in Iran.”
    “The biggest damage took place far below ground level. Bullseye!!!” he wrote on his Truth Social platform.

    Trump earlier called on Iran to forgo any retaliation and said the government “must now make peace” or “future attacks would be far greater and a lot easier.”

    The U.S. launched 75 precision-guided munitions including bunker-buster bombs and more than two dozen Tomahawk missiles against three Iranian nuclear sites, chairman of the Joint Chiefs of Staff, General Dan Caine, told reporters.

    The U.N. nuclear watchdog, the International Atomic Energy Agency, said no increases in off-site radiation levels had been reported after the U.S. strikes. Rafael Grossi, the agency’s director general, told CNN that it was not yet possible to assess the damage done underground.

    A senior Iranian source told Reuters that most of the highly enriched uranium at Fordow had been moved elsewhere before the attack. Reuters could not immediately corroborate the claim.

    Tehran, which denies its nuclear programme is for anything other than peaceful purposes, sent a volley of missiles at Israel in the aftermath of the U.S. attack, wounding scores of people and destroying buildings in Tel Aviv.

    But it had not acted on its main threats of retaliation, to target U.S. bases or choke off oil shipments that pass through the Strait of Hormuz.

    Attempting to strangle Gulf oil supply by closing the strait could send global oil prices skyrocketing, derail the world economy and invite conflict with the U.S. Navy’s massive Fifth Fleet based in the Gulf.

    Oil prices jumped on Monday to their highest since January. Brent crude futures rose $1.88 or 2.44% at $78.89 a barrel as of 1122 GMT. U.S. West Texas Intermediate crude advanced $1.87 or 2.53% at $75.71.

    Iran’s parliament has approved a move to close the strait, which Iran shares with Oman and the United Arab Emirates. Iran’s Press TV said closing the strait would require approval from the Supreme National Security Council, a body led by an appointee of Iran’s Supreme Leader Ayatollah Ali Khamenei.

    Caine said the U.S. military had increased protection of troops in the region, including in Iraq and Syria. The U.S. State Department issued a security alert for all U.S. citizens abroad, calling on them to “exercise increased caution.”

    The United States already has a sizeable force in the Middle East, with nearly 40,000 troops and warships that can shoot down enemy missiles.

    The Israeli military reported a missile launch from Iran in the early hours of Monday morning, saying it was intercepted by Israeli defences.

    Air raid sirens blared in Tel Aviv and other parts of central Israel. Iran has repeatedly targeted the Greater Tel Aviv – a metropolitan area of around 4 million people – the business and economic hub of Israel where there are also critical military assets.

    Iranian news agencies reported air defences were activated in central Tehran districts to counter “enemy targets”, and that Israeli air strikes hit Parchin, the location of a military complex southeast of the capital.

    REGIME CHANGE

    In a post to the Truth Social platform on Sunday, Trump raised the idea of regime change in Iran.

    “It’s not politically correct to use the term, ‘Regime Change,’ but if the current Iranian Regime is unable to MAKE IRAN GREAT AGAIN, why wouldn’t there be a Regime change??? MIGA!!!” he wrote.

    Trump’s post came after officials in his administration, including U.S. Vice President JD Vance and Defense Secretary Pete Hegseth, stressed they were not working to overthrow Iran’s government.

    Israeli officials, who began the hostilities with a surprise attack on Iran on June 13, have increasingly spoken of their ambition to topple the hardline Shi’ite Muslim clerical establishment.

    Iranian Foreign Minister Abbas Araqchi is expected to hold talks with Russian President Vladimir Putin in Moscow on Monday. The Kremlin has a strategic partnership with Iran, but also close links with Israel.

    Speaking in Istanbul on Sunday, Araqchi said his country would consider all possible responses and there would be no return to diplomacy until it had retaliated.

    Russia’s foreign ministry condemned the U.S. attacks which it said had undermined the Treaty on the Non-Proliferation of Nuclear Weapons.

    “The risk of the conflict spreading in the Middle East, which is already gripped by multiple crises, has increased significantly,” it said.

    The U.N. Security Council met on Sunday to discuss the U.S. strikes as Russia, China and Pakistan proposed the 15-member body adopt a resolution calling for an immediate and unconditional ceasefire in the Middle East.

    U.N. Secretary-General Antonio Guterres told the Security Council the U.S. bombings in Iran marked a perilous turn in the region and urged a return to negotiations over Iran’s nuclear programme.

    (Reuters)

  • MIL-OSI China: Rural market in spotlight to tap growth

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

    The campaign to promote new energy vehicles in China’s rural areas features a larger and more diversified portfolio this year, catered to evolving consumer demands to unlock consumption potential in the extensive market.

    Now in its sixth year, the “NEVs Going to the Countryside” initiative — launched by government bodies including the Ministry of Industry and Information Technology and the Ministry of Commerce — has selected 124 models, 25 more than 2024.

    The selected models need to meet essential requirements including good sales performance, high brand recognition, and a well-established network of maintenance service points, said Xu Haidong, vice-chief engineer of the China Association of Automobile Manufacturers, one of the campaign organizers.

    BYD’s Dynasty and Ocean series, along with models from Dongfeng, Geely, Changan and BAIC, have joined in the program with high cost-performance offerings. Their product portfolios span plug-in hybrid SUVs to new energy commercial vehicles, including newcomers such as off-roaders and pickup trucks.

    Notably, the Model Y and Model 3 have been selected, marking Tesla’s first inclusion in the initiative.

    Other models priced above 200,000 yuan ($27,850) on the list include the Li Auto L6 SUV, Nio ES6 SUV and ET5 sedan, Zeekr 001 shooting brake, and XPeng G9 SUV.

    The involvement of the high-end brands indicates the upgrading of rural consumption, Xu said. Many automakers are keen to capture this significant vast market by providing high-performance, cost-effective models.

    Cui Dongshu, secretary-general of the China Passenger Car Association, said that counties, towns and villages have a certain level of economic strength, and consumers there are willing to improve their quality of life. The untapped potential for NEV consumption in rural areas could become another driving force of growth in the Chinese automotive market.

    At the first stop of the 2025 “NEVs Going to the Countryside” campaign held in Rugao, Jiangsu province, in mid-June, some models on display were tailored for rural consumers.

    For those engaged in freight transport, some vehicles featured extra-large cargo spaces. For users balancing personal and commercial needs, there were models that offer five, six, or seven-seat configurations alongside pure electric and range-extended powertrain options.

    However, Xu pointed out that the lack of charging infrastructure remains an obstacle to the widespread adoption of NEVs in rural areas, saying the vast geographical area and low population density result in high construction costs and long payback periods for charging stations.

    In recent years, relevant departments have issued documents aimed at filling the gaps in county-level charging facilities, specifying annual construction tasks, and investment.

    At the event in Rugao, some 10 charging station companies showcased their products and technologies. For example, private charging piles can be shared via apps, providing innovative solutions.

    Xu suggested that properly advancing the layout of charging stations could promote NEV popularization, boost rural tourism, and aid the development of commercial vehicles.

    He cited examples of automakers piloting integrated solar energy storage charging projects in rural areas, which use photovoltaic power generation to power charging stations, thereby cutting operational costs.

    This year, the incentives for “NEVs Going to the Countryside” have been increased. In addition to the national trade-in policy and local government support, automakers such as BYD and Wuling have introduced exclusive discounts, with some models seeing price reductions of more than 10,000 yuan.

    Financial institutions are contributing by offering low-interest loans, interest-free installment plans, and other financial solutions.

    According to data from the CAAM, NEV sales in rural outreach activities exhibited growth from 2020 to 2024.Sales increased from 397,000 vehicles in 2020 to nearly 7.6 million in 2024, surpassing the sector’s total market growth.

    Fu Bingfeng, secretary-general of the CAAM, said over the past five years, there were more than 500 NEV models involved in the program with combined sales totaling 15 million units. Some rural areas have one NEV per five households, driving green mobility transformation in these regions, he added.

    From January to May, NEV sales reached 5.61 million units in China, a year-on-year increase of 44 percent. NEVs accounted for 44 percent of the total new car sales during this period.

    MIL OSI China News –

  • MIL-OSI Banking: Money Market Operations as on June 20, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 9,033.70 5.25 4.75-6.55
         I. Call Money 1,610.95 5.12 4.75-5.30
         II. Triparty Repo 4,634.75 5.17 5.00-6.25
         III. Market Repo 54.00 5.00 5.00-5.00
         IV. Repo in Corporate Bond 2,734.00 5.47 5.40-6.55
    B. Term Segment      
         I. Notice Money** 16,583.27 5.28 4.80-5.35
         II. Term Money@@ 459.00 – 5.30-5.75
         III. Triparty Repo 3,90,573.45 5.23 5.20-5.40
         IV. Market Repo 1,83,185.10 5.13 1.00-5.50
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Fri, 20/06/2025 1 Sat, 21/06/2025 2,109.00 5.75
      Fri, 20/06/2025 2 Sun, 22/06/2025 0.00 5.75
      Fri, 20/06/2025 3 Mon, 23/06/2025 550.00 5.75
    4. SDFΔ# Fri, 20/06/2025 1 Sat, 21/06/2025 2,86,050.00 5.25
      Fri, 20/06/2025 2 Sun, 22/06/2025 0.00 5.25
      Fri, 20/06/2025 3 Mon, 23/06/2025 17,836.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -3,01,227.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,032.31  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,032.31  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,94,194.69  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on June 20, 2025 9,46,593.60  
         (ii) Average daily cash reserve requirement for the fortnight ending June 27, 2025 9,54,173.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ June 20, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on May 30, 2025 5,84,684.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/576

    MIL OSI Global Banks –

  • MIL-OSI USA: Congressman Bean Hosts Tax Reform Roundtable in Duval County

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—This week, U.S. Congressman Aaron Bean (FL-04) hosted a roundtable discussion with members of the First Coast Manufacturers Association to discuss the impact of expiring tax cuts, industry challenges, and how the One Big Beautiful Bill (OBBB) will provide real tax relief and drive economic growth in Northeast Florida. 

    After the roundtable, Congressman Bean said, “Northeast Florida manufacturers cannot afford the burden of higher taxes that would cripple growth and threaten jobs. Roundtable participants confirmed the success of the Trump tax cuts and their critical importance to their daily operations. During the roundtable, I heard directly from manufacturers about the challenges of finding workers, being competitive, accessing products, and the need for immediate relief. As the fight continues to preserve the Trump tax cuts, I’m taking their stories back to D.C. and will continue to advocate for policies that help our manufacturers expand, hire, and drive our economy forward.”

    BACKGROUND:

    The House has passed the One Big Beautiful Bill by a 215-214 vote, and now all eyes are on the Senate as President Trump urges swift approval before July 4th to deliver historic tax relief and economic growth for hardworking Americans. 

    For an overview of the One Big Beautiful Bill, click here.

     

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Bean Hosts Tax Reform Roundtable in Duval County

    Source: United States House of Representatives – Representative Aaron Bean Florida (4th District)

    WASHINGTON—This week, U.S. Congressman Aaron Bean (FL-04) hosted a roundtable discussion with members of the First Coast Manufacturers Association to discuss the impact of expiring tax cuts, industry challenges, and how the One Big Beautiful Bill (OBBB) will provide real tax relief and drive economic growth in Northeast Florida. 

    After the roundtable, Congressman Bean said, “Northeast Florida manufacturers cannot afford the burden of higher taxes that would cripple growth and threaten jobs. Roundtable participants confirmed the success of the Trump tax cuts and their critical importance to their daily operations. During the roundtable, I heard directly from manufacturers about the challenges of finding workers, being competitive, accessing products, and the need for immediate relief. As the fight continues to preserve the Trump tax cuts, I’m taking their stories back to D.C. and will continue to advocate for policies that help our manufacturers expand, hire, and drive our economy forward.”

    BACKGROUND:

    The House has passed the One Big Beautiful Bill by a 215-214 vote, and now all eyes are on the Senate as President Trump urges swift approval before July 4th to deliver historic tax relief and economic growth for hardworking Americans. 

    For an overview of the One Big Beautiful Bill, click here.

     

    ###

    MIL OSI USA News –

  • MIL-OSI Australia: CPTPP Symposium, Opening statement

    Source: Australian Attorney General’s Agencies

    [Acknowledgments omitted]

    The CPTPP is a symbol of what can be achieved through regional engagement in the face of global pressure.

    It is an agreement that is working every day to grow trade, make it easier, and spread the benefits of free and fair trade.

    It is an agreement that new countries want to join, and one that existing members continue to improve.

    A turn away from free and fair trade has emerged in some parts of the world in recent years.

    But all of us know the benefits of an open, rules-based global trading system.

    That doesn’t mean that our system is perfect, we know it needs work and some of the rules need to change.

    WTO rules can’t always be enforced, and its dispute resolution function has not been performing as it should.

    We will all prosper through improvements to the rules around how we trade and invest across international borders.

    Australia remains committed to reforming the WTO system in ways that both prioritises our national interest and supports a predictable, stable and transparent global trading environment.

    The United States has imposed tariffs on every nation in the world and we’re seeing firsthand the effect that is having on the global economy.

    Tariffs are a tax on consumers. They are an act of economic self harm.

    In this age of uncertainty, the CPTPP offers a model of fairness, sustainability and mutual benefit.

    Free trade is critical to our national security and prosperity, and Australia remains committed to it.

    As the 2025 CPTPP Chair, Australia will keep pushing for the evolution of a robust, rules-based global trading system, beyond the gold standard already set by this Agreement.

    As chair, our theme is “delivering sustainable trade and resilient growth”.

    We have three priorities.

    First, we want to increase trade.

    That might seem a simple goal, since we know that trade increases economic prosperity at all ends.

    But when people are talking about turning inwards , it only makes it more important that we focus on the opposite approach.

    An approach focused on improving market access opportunities for business, industry and communities.

    Second, we want to facilitate trade.

    We must always ask ourselves, as member economies, how do we make it easier for businesses and people to trade among our economies?

    And third, we want to spread the benefits of trade.

    We know that when women participate more in the economy, they drive growth.

    We want to see more female entrepreneurs active in trade across CPTPP members.

    We also want to see more businesses led by Indigenous Peoples trading in the region.

    And making the agreement more inclusive is another way CPTPP can show leadership to the world.

    While some are arguing that trade is a threat, we must show what trade delivers.

    We must show it delivers prosperity to the individual and the nation.

    So as the 2025 CPTPP Chair, we will be pleased to mark continued progress on the General Review of the CPTPP agreement.

    This is a great opportunity for all members to future-proof the agreement, so that it continues to deliver for our economies and remains resilient in the face of global pressures.

    The benefits aren’t hypothetical.

    The benefits are real, and many more are possible if we continue to engage, learn and shape this agreement to meet evolving needs.

    For our part, Australia isn’t just working through one mechanism to bolster trade.

    We take every opportunity to diversify our markets, strengthen our partnerships and open doors for business.

    In February, my department launched a new roadmap for Australia’s economic engagement with India backed by $16 million in trade accelerator funding and an additional $4 million for the Maitri program.

    This initiative deepens cultural and business ties through cooperation in education, research and continued advancements in technology and innovation.

    We have signed a new trade agreement with the United Arab Emirates, expected to generate $700 million in Australian exports to the Middle East.

    We have ratified the upgraded ASEAN-Australia New Zealand Free Trade Agreement, supporting small businesses, digital trade and gender equality across the region.

    Nearly half a million Australian jobs are tied to trade with Southeast Asia, and through our Southeast Asia Economic Strategy to 2040, we are ensuring that number continues to grow.

    And of course, we are continuing to work on a Free Trade Agreement with the European Union.

    Friends, as the 2025 CPTPP Chair, Australia is focused on making sure we take a strategic approach to global trade issues.

    At the heart of that project is bolstering and strengthening the rules of the global trading system.

    The CPTPP is a gold standard agreement – and we are keen to work to maintain its credentials as a catalyst for collaboration, innovation and ambition across our region.

    Thank you for sharing your thoughts today and I look forward to hearing about your insights.

    Thank you.

    MIL OSI News –

  • MIL-OSI New Zealand: New licence system for Taupō trout fishery

    Source: NZ Department of Conservation

    Date:  23 June 2025

    DOC Senior Community Ranger James Barnett says the new platform will provide enhanced features at no extra cost to anglers.

    “The old system served us well but was based on old technology and was becoming expensive to run and maintain. The new platform offers anglers an improved user experience with a more intuitive interface, increased stability and greater security.

    “We’re delighted with the benefits of the new online-only system, particularly for those who purchase more than one licence or want a more convenient way to buy a season licence each year.”

    James says the licence platform is catching up with the functionality people expect from online transactions.

    “You can choose to set up a profile which shows, at a glance, all the licences you’ve bought, and stores your information to make your next licence purchase easier. A guest function is available for those who prefer not to save their information.”

    Taupō Trout Fishery has an international reputation, offering excellent fishing experiences in a stunning volcanic landscape.

    It’s also a significant contributor to the regional economy. A survey conducted in 2013 found the Taupō Trout Fishery supported nearly 300 jobs, created at least $29 million in business turnover and added $11 million to the size of the economy.

    The new platform is considered customer-friendly, but a user guide is available online and at fishing retailers in the area.

    “Although licenses are no longer available from local agents, they’re still great places to buy gear and pick up local knowledge about the fishery,” says James.

    All season licences for the 2025/26 Taupō fishing season will be available to purchase online on 24 June 2025. Short-term licences will go on sale when the new season starts on 1 July 2025.

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

  • MIL-Evening Report: Illegal US attack on Iran’s nuclear facilities came in spite of no evidence

    BEARING WITNESS: By Cole Martin in occupied Bethlehem

    Kia ora koutou,

    I’m a Kiwi journo in occupied Bethlehem, here’s a brief summary of today’s events across the Palestinian and Israeli territories from on the ground.

    The US struck three of Iran’s nuclear facilities overnight, entering the illegal aggression on Iran with heavy airstrikes despite no evidence that nuclear weapons are being developed. Israel continued its strikes attacking dozens of locations across Iran throughout the day. Three were killed in an Israeli drone attack on an ambulance in central Iran. At least 400 have been killed and 2000 injured, according to the latest Health Ministry figures.

    *

    Heavy Iranian retaliation strikes on Israeli territories saw about 27 injured.

    *

    At least 47 killed by Israeli attacks in Gaza today, 18 while seeking aid. Two killed and 15 wounded in an Israeli airstrike on a house west of Gaza city. The murder of firefighter Muhammad Ghurab brings the total Gaza civil defence casualties to 121, representing 14.3 percent of its employees.

    Today I met a 10-year-old kid called Hassan on the streets of Bethlehem. He was looking for work. His dad had recently stopped working, unemployed like many in Bethlehem; around 80 percent of jobs here depend on tourism. He lives in al-Khader village, an hour’s walk away, but without opportunities there he had walked all this way in an attempt to help support his family.

    Israel’s illegal occupation of the West Bank has suffocated the economy here for decades. Now, as the genocidal war on Gaza continues and Israeli aggression expands to Iran, drawing in the USA and threatening regional collapse, a 10-year-old boy takes to the streets of Bethlehem to find work.

    *

    Israel’s illegal siege across the West Bank continues. Large numbers of Israeli soldiers conducted extensive raids on Bethlehem’s Dheisheh camp including demolitions, arrests, and interrogations last night. Mass demolitions continue across Nour Shams camp in the north, and further arrests, demolitions, and incursions took place across the West Bank. Bethlehem’s gasoline shortages continue due to Israel’s ongoing siege.

    *

    Twenty five killed in a terror attack targeting Mar Elias Church in Damascus, Syria.

    Cole Martin is an independent New Zealand photojournalist based in the Middle East and a contributor to Asia Pacific Report.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: China’s top political advisor meets Thailand’s National Assembly president

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

    Wang Huning, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), meets with Thailand’s National Assembly President and Speaker of the House of Representatives Wan Muhamad Noor Matha in Beijing, capital of China, June 22, 2025. [Photo/Xinhua]

    China’s top political advisor Wang Huning met with Thailand’s National Assembly President and Speaker of the House of Representatives Wan Muhamad Noor Matha in Beijing on Sunday.

    Wang, chairman of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), said that in February this year, Chinese President Xi Jinping and Thai Prime Minister Paetongtarn Shinawatra had reached an important consensus on deepening the building of the China-Thailand community with a shared future, further pointing out the direction for the development of bilateral relations.

    China is willing to work with Thailand to take the celebration of the 50th anniversary of diplomatic ties as an opportunity to carry forward the traditional friendship, consolidate the political, economic and public foundation for the China-Thailand community with a shared future, and bring more benefits to the two peoples, Wang said.

    The CPPCC is ready to contribute to the development of relations between the two countries, Wang added.

    Wan Noor said the friendship between Thailand and China enjoys a long history, and the concept of Thailand and China as one family has been deeply rooted in people’s hearts.

    The Thai side supports the series of global initiatives proposed by President Xi and is willing to strengthen cooperation with China in various fields — including joint Belt and Road construction, economy and trade, and tourism.

    He also said the Thai parliament is willing to enhance exchanges and cooperation with China to promote the common development and prosperity of the two countries.

    MIL OSI China News –