NewzIntel.com

Category: Economy

  • MIL-OSI: JD.com to Hold Annual General Meeting on June 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 28, 2025 (GLOBE NEWSWIRE) — JD.com, Inc. (“JD.com” or the “Company”) (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter)), a leading supply chain-based technology and service provider, today announced that it will hold its annual general meeting of shareholders (the “AGM”) at Building A, No. 18 Kechuang 11 Street, Yizhuang Economic and Technological Development Zone, Daxing District, Beijing 101111, People’s Republic of China, on June 20, 2025 at 3:00 p.m. (Hong Kong time).

    No proposal will be submitted for shareholder approval at the AGM. Instead, the AGM will serve as an open forum for shareholders of record to discuss Company affairs with management.

    Holders of record of Class A ordinary shares and Class B ordinary shares of the Company at the close of business on May 27, 2025 (Hong Kong time) are entitled to notice of, and to attend, the AGM or any adjournment or postponement thereof.

    The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report can be accessed on the investor relations section of its website at https://ir.jd.com, as well as on the SEC’s website at www.sec.gov.

    About JD.com, Inc.

    JD.com is a leading supply chain-based technology and service provider. The Company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The Company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. JD.com may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about JD.com’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: JD.com’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of its products and services; trends and competition in China’s e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese e-commerce market; laws, regulations and governmental policies relating to the industries in which JD.com or its business partners operate; potential changes in laws, regulations and governmental policies or changes in the interpretation and implementation of laws, regulations and governmental policies that could adversely affect the industries in which JD.com or its business partners operate, including, among others, initiatives to enhance supervision of companies listed on an overseas exchange and tighten scrutiny over data privacy and data security; risks associated with JD.com’s acquisitions, investments and alliances, including fluctuation in the market value of JD.com’s investment portfolio; natural disasters and geopolitical events; change in tax rates and financial risks; intensity of competition; and general market and economic conditions in China and globally. Further information regarding these and other risks is included in JD.com’s filings with the SEC and the announcements on the website of the Hong Kong Stock Exchange. All information provided herein is as of the date of this announcement, and JD.com undertakes no obligation to update any forward-looking statement, except as required under applicable law. 

    For investor and media inquiries, please contact:

    Investor Relations
    Sean Zhang
    +86 (10) 8912-6804
    IR@JD.com 

    Media Relations
    +86 (10) 8911-6155
    Press@JD.com 

    The MIL Network –

  • MIL-OSI: Management changes in the Nykredit Group – Nykredit Bank A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement

    Management changes in the Nykredit Group
    In connection with Spar Nord Bank A/S becoming part of the Nykredit Group, changes are expected to be made to the boards of directors and executive managements of the companies in the Nykredit Group.

    Lasse Nyby to become Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S
    On Monday, 2 June, 2025, a general meeting in Nykredit Realkredit A/S is expected to be convened, to be held on 24 June, 2025, at which it is proposed that Lasse Nyby – the current CEO of Spar Nord Bank A/S – joins the Board of Directors of Nykredit Realkredit A/S. Lasse Nyby will continue on the Board of Directors of Nykredit A/S, which he has been a member of since 2007. Lasse Nyby is expected to be appointed Deputy Chairman of the two boards at the following board meetings.

    Preben Sunke will continue as Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S, and as such, going forward, there will be two deputy chairmen of the boards of directors of those two companies.

    Nykredit A/S and Nykredit Realkredit A/S are the ultimate parent companies in the Nykredit Group’s corporate structure. The Nykredit Group’s business activities are based in Nykredit Realkredit A/S, and the activities are conducted both through Nykredit Realkredit A/S and the group subsidiaries. Nykredit Realkredit A/S is wholly owned by Nykredit A/S, whose sole purpose is to own Nykredit Realkredit A/S.

    Nykredit’s Group Executive Board to be expanded with Martin Kudsk Rasmussen
    The Group Executive Board of Nykredit Realkredit A/S is expected to be expanded on 24 June, 2025, with the addition of Martin Kudsk Rasmussen, who has up until now been a member of the Executive Management of Spar Nord Bank A/S. Together with current Group Executive Director, Tonny Thierry Andersen, Martin Kudsk Rasmussen will be responsible for the entire Banking area in the Nykredit Group. The responsibilities of the remaining members of the Group Executive Board remain unchanged.

    The Group Executive Board of Nykredit Realkredit A/S will then consist of Group Chief Executive, Michael Rasmussen and the Group Executive Directors; Anders Jensen, David Hellemann, Martin Kudsk Rasmussen, Pernille Sindby and Tonny Thierry Andersen.

    Regarding the changes to the Board of Directors and the Group Executive Board, Merete Eldrup, Chairman of the Board of Directors of Nykredit A/S and Nykredit Realkredit A/S, states:

    “With his extensive management experience and solid insight into the financial sector, Lasse Nyby is already a key capacity of the Board of Directors of Nykredit A/S. Now he will also join the Board of Directors of Nykredit Realkredit A/S and will on both boards take a prominent role as Deputy Chairman. I look forward to that. The Board of Directors is also pleased to add Martin Kudsk Rasmussen to the Group Executive Board of Nykredit. Martin has significant competencies and experience from the financial sector, and during his time at Spar Nord, he has been an important factor in Spar Nord’s impressive development.

    With Spar Nord as part of the Nykredit Group, we will show even more customers the benefits of a customer-owned bank that takes a different position in the market. At the same time, we maintain a strong focus on continuing to invest in our partnerships in Totalkredit and other partnerships. Myself and the Board of Directors look forward to continuing this work together with the Group Executive Board based on the direction that the group’s ’Winning the Double’ strategy continues to set.”

    Group Chief Executive, Michael Rasmussen states:
    “I look forward to continuing the good cooperation with Lasse Nyby in his new position on the Board of Directors. I am also pleased to welcome Martin Kudsk Rasmussen to the Group Executive Board. Throughout his career, Martin has demonstrated that he possesses significant competencies in the banking area. We are now joining forces as two strong banks that are both experiencing growth, customer inflows and high customer satisfaction to make us even stronger in the competition with the largest listed banks. Tonny Thierry Andersen and Martin Kudsk Rasmussen will play an important managerial role in building on the key strengths of both Spar Nord and Nykredit across the combined and – with Spar Nord as part of the group – significantly larger Banking area of the Nykredit Group.”

    About his new role as Deputy Chairman of the boards of directors of Nykredit Realkredit A/S and Nykredit A/S, Lasse Nyby states:
    “There is reason to be proud of what we have created together in Spar Nord. Although it is of course sad to end more than 200 years of independence, there is certainly also reason to be pleased that Spar Nord contributes with great strength to a new and merged bank, which with its customer-ownership will be a very attractive alternative to the largest listed competitors. It has been a pleasure and a privilege to have been at the helm of Spar Nord for almost 25 years. Now I look forward to taking on a new role and, together with the rest of the Board of Directors, developing a strong group for the benefit of both customers and employees.”

    About his new role on Nykredit’s Group Executive Board, Martin Kudsk Rasmussen states:
    “Spar Nord and Nykredit Bank are a good match. By combining local presence and drive with a unique customer ownership, we are building a powerful bank that will stand strong in the battle for customers and employees. I look forward to stepping into a new role and, together with talented colleagues, contributing to a bank that combines the best of two worlds and understands the importance of having a local presence close to customers with strong competencies and competitive products throughout the country.”

    Changes in Spar Nord Bank A/S and Nykredit Bank A/S
    On Monday, 2 June, 2025, a general meeting of Spar Nord Bank A/S is expected to be convened, to be held on 24 June, 2025, where it is proposed that the current Board of Directors of Spar Nord Bank A/S elected by the general meeting be replaced by Michael Rasmussen, Anders Jensen, Tonny Thierry Andersen, Pernille Sindby and David Hellemann. These five individuals are currently also members of the Board of Directors of Nykredit Bank A/S. Jannie Skovsen, Rikke Marie J. Christiansen and Gitte Holmgaard will continue as employee-elected board members of Spar Nord Bank A/S.

    The executive managements of Nykredit Bank A/S and Spar Nord Bank A/S are expected to be changed after 24 June, 2025, so that the members of the executive managements of the two companies will be identical.

    This means that the new Board of Directors of Spar Nord, which will take office after the general meeting on 24 June, 2025, is expected to make changes to the Executive Management of Spar Nord Bank A/S. Søren Kviesgaard and Dan Erik Krarup Sørensen, who are currently members of the Executive Management of Nykredit Bank A/S, are expected to join the Executive Management of Spar Nord, while Martin Kudsk Rasmussen and Carsten Levring Jakobsen, who are currently members of the Executive Management of Spar Nord, will continue in the Executive Management. Similarly, Carsten Levring Jakobsen and Martin Kudsk Rasmussen are expected to join the Executive Management of Nykredit Bank A/S. Carsten Levring Jakobsen will – in addition to his position in the Executive Management of Spar Nord and Nykredit Bank – also continue in a central role in the Nykredit Group, also after the merger.

    In connection with the merger of Nykredit Bank A/S and Spar Nord Bank A/S, which is expected to take effect in spring 2026, Martin Kudsk Rasmussen is expected to resign from the executive management of the two banks to join the board of directors of the merged bank.

    Spar Nord Bank A/S has announced that John Lundsgaard and Lasse Nyby will resign as members of the Executive Management of Spar Nord Bank A/S no later than 30 June, 2025.

    Group Chief Executive, Michael Rasmussen states:
    “I would like to thank the current members of the Executive Management of Spar Nord. They have played a crucial role in ensuring that Spar Nord is today a strong and well-run bank in growth. With the new and significant roles for Martin Kudsk Rasmussen and Carsten Levring Jakobsen, we ensure that the high level of competence and important perspectives from Spar Nord are brought into the further work of merging our two banks for the greatest possible benefit and joy for our customers. This has been important to us. A special thanks also goes to John Lundsgaard. With his 25 years as part of Spar Nord’s Executive Management, John has played a major role in Spar Nord’s strong position in the market today, and I am pleased that – even after leaving Spar Nord’s Executive Management – he has agreed to be available to Nykredit’s Group Executive Board in the period to come while we begin the integration of our two banks.”

    Contact and further information
    Attached to this announcement is a group chart for Nykredit.

    Any questions can be directed to Nykredit’s Head of Press Relations Orhan Gökcen on +45 31 21 06 39.

    Attachments

    The MIL Network –

  • MIL-OSI: Management changes in the Nykredit Group – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement

    Management changes in the Nykredit Group
    In connection with Spar Nord Bank A/S becoming part of the Nykredit Group, changes are expected to be made to the boards of directors and executive managements of the companies in the Nykredit Group.

    Lasse Nyby to become Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S
    On Monday, 2 June, 2025, a general meeting in Nykredit Realkredit A/S is expected to be convened, to be held on 24 June, 2025, at which it is proposed that Lasse Nyby – the current CEO of Spar Nord Bank A/S – joins the Board of Directors of Nykredit Realkredit A/S. Lasse Nyby will continue on the Board of Directors of Nykredit A/S, which he has been a member of since 2007. Lasse Nyby is expected to be appointed Deputy Chairman of the two boards at the following board meetings.

    Preben Sunke will continue as Deputy Chairman of Nykredit A/S and Nykredit Realkredit A/S, and as such, going forward, there will be two deputy chairmen of the boards of directors of those two companies.

    Nykredit A/S and Nykredit Realkredit A/S are the ultimate parent companies in the Nykredit Group’s corporate structure. The Nykredit Group’s business activities are based in Nykredit Realkredit A/S, and the activities are conducted both through Nykredit Realkredit A/S and the group subsidiaries. Nykredit Realkredit A/S is wholly owned by Nykredit A/S, whose sole purpose is to own Nykredit Realkredit A/S.

    Nykredit’s Group Executive Board to be expanded with Martin Kudsk Rasmussen
    The Group Executive Board of Nykredit Realkredit A/S is expected to be expanded on 24 June, 2025, with the addition of Martin Kudsk Rasmussen, who has up until now been a member of the Executive Management of Spar Nord Bank A/S. Together with current Group Executive Director, Tonny Thierry Andersen, Martin Kudsk Rasmussen will be responsible for the entire Banking area in the Nykredit Group. The responsibilities of the remaining members of the Group Executive Board remain unchanged.

    The Group Executive Board of Nykredit Realkredit A/S will then consist of Group Chief Executive, Michael Rasmussen and the Group Executive Directors; Anders Jensen, David Hellemann, Martin Kudsk Rasmussen, Pernille Sindby and Tonny Thierry Andersen.

    Regarding the changes to the Board of Directors and the Group Executive Board, Merete Eldrup, Chairman of the Board of Directors of Nykredit A/S and Nykredit Realkredit A/S, states:

    “With his extensive management experience and solid insight into the financial sector, Lasse Nyby is already a key capacity of the Board of Directors of Nykredit A/S. Now he will also join the Board of Directors of Nykredit Realkredit A/S and will on both boards take a prominent role as Deputy Chairman. I look forward to that. The Board of Directors is also pleased to add Martin Kudsk Rasmussen to the Group Executive Board of Nykredit. Martin has significant competencies and experience from the financial sector, and during his time at Spar Nord, he has been an important factor in Spar Nord’s impressive development.

    With Spar Nord as part of the Nykredit Group, we will show even more customers the benefits of a customer-owned bank that takes a different position in the market. At the same time, we maintain a strong focus on continuing to invest in our partnerships in Totalkredit and other partnerships. Myself and the Board of Directors look forward to continuing this work together with the Group Executive Board based on the direction that the group’s ’Winning the Double’ strategy continues to set.”

    Group Chief Executive, Michael Rasmussen states:
    “I look forward to continuing the good cooperation with Lasse Nyby in his new position on the Board of Directors. I am also pleased to welcome Martin Kudsk Rasmussen to the Group Executive Board. Throughout his career, Martin has demonstrated that he possesses significant competencies in the banking area. We are now joining forces as two strong banks that are both experiencing growth, customer inflows and high customer satisfaction to make us even stronger in the competition with the largest listed banks. Tonny Thierry Andersen and Martin Kudsk Rasmussen will play an important managerial role in building on the key strengths of both Spar Nord and Nykredit across the combined and – with Spar Nord as part of the group – significantly larger Banking area of the Nykredit Group.”

    About his new role as Deputy Chairman of the boards of directors of Nykredit Realkredit A/S and Nykredit A/S, Lasse Nyby states:
    “There is reason to be proud of what we have created together in Spar Nord. Although it is of course sad to end more than 200 years of independence, there is certainly also reason to be pleased that Spar Nord contributes with great strength to a new and merged bank, which with its customer-ownership will be a very attractive alternative to the largest listed competitors. It has been a pleasure and a privilege to have been at the helm of Spar Nord for almost 25 years. Now I look forward to taking on a new role and, together with the rest of the Board of Directors, developing a strong group for the benefit of both customers and employees.”

    About his new role on Nykredit’s Group Executive Board, Martin Kudsk Rasmussen states:
    “Spar Nord and Nykredit Bank are a good match. By combining local presence and drive with a unique customer ownership, we are building a powerful bank that will stand strong in the battle for customers and employees. I look forward to stepping into a new role and, together with talented colleagues, contributing to a bank that combines the best of two worlds and understands the importance of having a local presence close to customers with strong competencies and competitive products throughout the country.”

    Changes in Spar Nord Bank A/S and Nykredit Bank A/S
    On Monday, 2 June, 2025, a general meeting of Spar Nord Bank A/S is expected to be convened, to be held on 24 June, 2025, where it is proposed that the current Board of Directors of Spar Nord Bank A/S elected by the general meeting be replaced by Michael Rasmussen, Anders Jensen, Tonny Thierry Andersen, Pernille Sindby and David Hellemann. These five individuals are currently also members of the Board of Directors of Nykredit Bank A/S. Jannie Skovsen, Rikke Marie J. Christiansen and Gitte Holmgaard will continue as employee-elected board members of Spar Nord Bank A/S.

    The executive managements of Nykredit Bank A/S and Spar Nord Bank A/S are expected to be changed after 24 June, 2025, so that the members of the executive managements of the two companies will be identical.

    This means that the new Board of Directors of Spar Nord, which will take office after the general meeting on 24 June, 2025, is expected to make changes to the Executive Management of Spar Nord Bank A/S. Søren Kviesgaard and Dan Erik Krarup Sørensen, who are currently members of the Executive Management of Nykredit Bank A/S, are expected to join the Executive Management of Spar Nord, while Martin Kudsk Rasmussen and Carsten Levring Jakobsen, who are currently members of the Executive Management of Spar Nord, will continue in the Executive Management. Similarly, Carsten Levring Jakobsen and Martin Kudsk Rasmussen are expected to join the Executive Management of Nykredit Bank A/S. Carsten Levring Jakobsen will – in addition to his position in the Executive Management of Spar Nord and Nykredit Bank – also continue in a central role in the Nykredit Group, also after the merger.

    In connection with the merger of Nykredit Bank A/S and Spar Nord Bank A/S, which is expected to take effect in spring 2026, Martin Kudsk Rasmussen is expected to resign from the executive management of the two banks to join the board of directors of the merged bank.

    Spar Nord Bank A/S has announced that John Lundsgaard and Lasse Nyby will resign as members of the Executive Management of Spar Nord Bank A/S no later than 30 June, 2025.

    Group Chief Executive, Michael Rasmussen states:
    “I would like to thank the current members of the Executive Management of Spar Nord. They have played a crucial role in ensuring that Spar Nord is today a strong and well-run bank in growth. With the new and significant roles for Martin Kudsk Rasmussen and Carsten Levring Jakobsen, we ensure that the high level of competence and important perspectives from Spar Nord are brought into the further work of merging our two banks for the greatest possible benefit and joy for our customers. This has been important to us. A special thanks also goes to John Lundsgaard. With his 25 years as part of Spar Nord’s Executive Management, John has played a major role in Spar Nord’s strong position in the market today, and I am pleased that – even after leaving Spar Nord’s Executive Management – he has agreed to be available to Nykredit’s Group Executive Board in the period to come while we begin the integration of our two banks.”

    Contact and further information
    Attached to this announcement is a group chart for Nykredit.

    Any questions can be directed to Nykredit’s Head of Press Relations Orhan Gökcen on +45 31 21 06 39.

    Attachments

    The MIL Network –

  • MIL-OSI Africa: Ghana’s Environment Minister to Champion Innovation, Sustainability at Mining in Motion 2025

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

    ACCRA, Ghana, May 28, 2025/APO Group/ —

    The Mining in Motion Summit (MininginMotionSummit.com) is pleased to announce the participation of Hon. Ibrahim Murtala Muhammed, Ghana’s Minister for Environment, Science, Technology and Innovation, as a speaker. Hon. Muhammed’s involvement underscores the government’s commitment to environmentally responsible mining, technological innovation and scientific advancement in the extractive sector. 

    As the head of the ministry leading innovation and sustainability, Hon. Muhammed is spearheading initiatives to align mining operations with national development goals and environmental stewardship. His efforts include forging partnerships with global public and private stakeholders to implement science-based solutions and sustainable practices. In April 2025, the Minister met with Park Kyongsig, Ambassador of the Republic of Korea (apo-opa.co/45r33JW) to Ghana, to explore bilateral cooperation on climate change and environmental protection. Their discussions centered on leveraging Korean expertise to restore water bodies impacted by illegal mining and address the root causes of environmental degradation. 

    In February 2025, Hon. Muhammed reiterated the government’s commitment (apo-opa.co/4dV4wKZ) to leveraging local innovation as a driver of economic growth, particularly within key industries like mining, which continues to play a vital role in Ghana’s economy. Gold exports reached $11.6 billion in 2024, accounting for 57% of the country’s total export revenue, highlighting the sector’s significance in national development. In line with modernization efforts, the government, through the Minerals Commission of Ghana (apo-opa.co/3H8AM0P), is equipping the next generation of workers with skills in emerging technologies such as drones, which are being deployed to support automation and improve sector monitoring. 

    Under the World Bank-funded Ghana Landscape Restoration and Small-Scale Mining Project (apo-opa.co/4kHR9Qr), the country is actively addressing land degradation and promoting sustainable practices among artisanal and small-scale miners, ensuring mining sector contribution to economic growth and long-term environmental and social sustainability. 

    At Mining in Motion, Hon. Muhammed will engage with key stakeholders from the mining industry, academia and civil society to exchange insights on policy, innovation and the future of mineral resource governance in Ghana. 

    The summit, led by the Ashanti Green Initiative under the leadership of Oheneba Kwaku Duah, Prince of the Ashanti Kingdom, is hosted in partnership with the World Bank and the World Gold Council. 

    MIL OSI Africa –

  • Above-normal monsoon to boost farm output, ease inflation: report

    Source: Government of India

    Source: Government of India (4)

    The India Meteorological Department’s (IMD) forecast of an above-normal monsoon is expected to drive higher agricultural production and rural demand, while helping to keep inflation under control, according to a Crisil report released on Wednesday.

    The IMD has predicted above-normal rainfall during the southwest monsoon season (June to September), estimating it at 106 per cent of the long-period average (LPA).

    “If the forecast—which would mark the second consecutive year of an above-normal monsoon—comes true, the economy could expect another year of healthy agricultural output, strengthening rural demand, and keeping food prices in check,” the report states.

    In fiscal year 2025, gross value added (GVA) in the agriculture and allied sectors grew by 4.6 per cent, outpacing the decadal (fiscal 2015–24) average of 4.0 per cent. Similarly, consumer price inflation (CPI) fell sharply in the March quarter of fiscal 2025, owing to healthy food supplies that curbed food inflation. The positive trend continued in April, with CPI inflation dropping further to 3.2 per cent. These trends are likely to persist if the rainfall matches the forecast, the report notes.

    A healthy temporal and regional distribution of rainfall is essential for balanced agricultural growth. The IMD forecast indicates that June is most likely to see above-normal rainfall across the country (over 108 per cent of the LPA). This would buck the trend of the past three seasons, which saw below-normal rains in June, and bodes well for sowing activities and the replenishment of water resources, the report adds.

    According to the IMD, Central and South Peninsular India are most likely to experience above-normal rainfall, while Northwest India is expected to receive normal rainfall during the overall monsoon season. Only Northeast India is likely to witness below-normal rains.

    However, the report also cautions that adverse climate events—such as excess, deficient, or unseasonal rainfall, heatwaves, cyclones, and floods—during and after the southwest monsoon season must be closely monitored.

    For instance, in fiscal 2025, while adequate rainfall supported foodgrain production and helped contain inflation, vegetable output suffered due to erratic weather. About 41 per cent of the food inflation during fiscal 2025 was driven by rising vegetable prices caused by weather-related disruptions such as heatwaves and excess rainfall in certain areas, the report highlights.

    IANS

  • MIL-OSI United Kingdom: Public urged to report suspected waste crime as new heatmaps published

    Source: United Kingdom – Government Statements

    Press release

    Public urged to report suspected waste crime as new heatmaps published

    New maps published showing nearly 17,000 reports of waste crime across England in 2023 and 2024, demonstrating offending is rife

    Amid a government clampdown on rogue waste operators to clean up Britain’s streets, the Environment Agency has today (Wednesday 28 May) published new heatmaps showing the densest areas of waste crime reports in England.   

    Across England, 16,773 reports of suspected waste crime were submitted from 1 January 2023 to 31 December 2024. The maps show the highest number of reports were concentrated in the West Midlands (2,008 reports), Yorkshire (1,791 reports) and East Anglia (1,678 reports). 

    With the data demonstrating that criminals blighting towns, cities and countryside are active across the country, the Environment Agency is urging the public to report more suspected offending as it looks to shut rogue operators out of the waste industry for good. 

    Waste criminals cost the economy an estimated £1 billion every year. Estimates suggest a staggering 34,000 million tonnes of waste is illegally managed annually, enough to fill Wembley Stadium 30 times over or 4 million skips – but the true scale of offending is likely far greater due to under-reporting of incidents. 

    Under their Plan for Change, the government has confirmed rogue operators caught transporting and dealing with waste illegally will face up to five years in prison under new legislation. Longer prison sentences for rogue waste operators and new powers for councils to crush vehicles involved in waste crime will act as a strong deterrent and ensure the full force of the law comes down hard on those trashing the nation’s communities. 

    Emma Viner, Enforcement & Investigations Manager at the Environment Agency, said:

    Waste crime is toxic. Criminals steal business from legitimate operators, trash local communities, harm the environment, and avoid paying taxes which fund public services. 

    As a nation, we must stand united against criminals, working together to stop them. We can all play our part by taking steps to keep waste away from criminals in the first place and reporting any suspected wrongdoing.

    Circular Economy Minister Mary Creagh said:

    Through our Plan for Change, this government will crack down on the waste cowboys, seize and crush fly-tippers’ vans, and clean up Britain. 

    We will not stand idly by while organised crime groups profit from an avalanche of rubbish burying our communities and undercutting legitimate business.

    The Environment Agency’s National Waste Crime Survey shows just 25% of all waste crime incidents are thought to be reported. Every piece of information the Environment Agency receives is crucial in helping them to bring offenders to justice. The earlier an incident is reported to the regulator, the quicker it can deal with it and prevent an escalation. 

    To do so, the public can submit reports via the Environment Agency’s 24-hour incident hotline on 0800 80 70 60 or to Crimestoppers via their website or by calling 0800 555 111, which is always 100% anonymous. 

    To prevent criminals getting their hands on waste in the first place, the public is urged to use only waste carriers listed on the public register to take away their rubbish. 

    Jacob Hayler, Executive Director of the Environmental Services Association, said:

    Waste crime harms the environment, damages communities and threatens legitimate waste services.  

    As citizens, we each have a duty of care, not only to stop our waste from falling into the wrong hands, but to report suspected illegal handling and dumping of waste when we see it – helping the regulatory authorities to catch and punish those responsible.

    Dan Cooke, Director of Policy, Communications and External Affairs at CIWM, said: 

    Waste crime at all levels continue to cause misery and anxiety to people and communities across the UK. Importantly, it also restricts the opportunities for local economies to thrive, as well as often causing real environmental harm.  

    We’ll continue to work with CIWM members, local authorities, and regulators to promote best practice and deploy all available resources in the ongoing pursuit of high-quality environments enabling thriving local economies for businesses and communities.

    The publication of the heatmaps comes amid the Environment Agency’s ongoing #WasteCrimeWednesday social media campaign, which targets the public, the waste industry, and waste criminals themselves as the regulator looks to stop waste crime for good. 

    As the environmental regulator for waste businesses operating in England, the Environment Agency uses an intelligence-based approach with its partners to bring waste criminals to justice through tough enforcement action and prosecutions. Its investigations helped secure numerous convictions in relation to waste crime in 2023 and 2024.

    Case studies

    West Midlands

    • In September 2023, a Worcestershire-based director and his company were ordered to pay nearly £110,000 following a case brought by the Environment Agency for the unlawful storage, treatment and disposal of waste without an environmental permit. Environment Agency officers found evidence the G R Shorthouse Ltd site in Hopton Wafers was being used for the storage of scrap metal, burning of wood waste, and unauthorised use of construction and demolition waste, offending described by the sentencing judge as an intentional and flagrant breach of the law aggravated by previous convictions and financial motivation. 
    • In March 2025, a Droitwich-based business was made to pay more than £52,000 after failing to comply with a demand for information about the materials they accepted. The information was required from Tetron Welbeck Limited Liability Partnership to allow the Environment Agency to conduct an audit of the site to ensure waste within the correct category was being accepted. 

    Yorkshire 

    • Following a successful prosecution by the Environment Agency, Stuart Bedford was sentenced to 12 months’ imprisonment for running waste operations in Bradford and Doncaster without the required environmental permit and keeping waste at the sites in a manner likely to pollute the environment or harm human health, while Vicky Bedford was sentenced to a 12-month community order and 15 days rehabilitation activity requirement for her involvement. 
    • Elsewhere, in June 2023, an East Yorkshire man received a suspended sentence and was ordered to pay £2,000 in compensation and costs, after illegally storing hazardous waste and running an illegal waste site in Aldbrough. An investigation by the Environment Agency found Stephen Coates was storing abandoned corroding chemical drums, intermediate bulk containers, shipping containers, old tyres and flooring materials appearing to contain asbestos on his land next to a residential house during a five-period from March 2017 to March 2022. 

    East Anglia

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Fraudulent website and internet banking login screen related to China Construction Bank (Asia) Corporation Limited

    Source: Hong Kong Government special administrative region

    Fraudulent website and internet banking login screen related to China Construction Bank (Asia) Corporation Limited 
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 17:35

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    MIL OSI Asia Pacific News –

  • PM Modi: Northeast India Now Front-Runner, Not Just Frontier, Shares an Article on Region’s Rise

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Wednesday shared an article written by Union Minister of communications and North Eastern Region Jyotiraditya Scindia. PM Modi stated that Northeast India is no longer a frontier, but the front runner.

    In a post on X, the Prime Minister’s Office said, “Northeast India is no longer a frontier, it’s the front-runner. Union Minister Shri @JM_Scindia pens down a detailed article on the region’s rise as a strategic hub for trade, connectivity, and India’s $30-trillion vision for Viksit Bharat. Give it a glance!”

    The PMO’s post was in response to an article shared by Scindia on X.

    Earlier today, Scindia said that the Northeast holds key to a $30-trillion economy.

    “Northeast holds key to a $30-trillion economy…I pen down my article on how the Northeast is transforming into India’s strategic gateway to Southeast Asia — powering trade, connectivity, and our $30-trillion ambition towards a Viksit Bharat.,” the minister posted.

    At the recently concluded ‘Rising North East Investors Summit 2025,’ Scindia said that the northeastern region has emerged as a hub of global partnership and mutual interest.

    The minister informed that the two-day summit drew an unprecedented Rs 4.3 lakh crore investment proposal, setting the stage for the Northeast Region (NER) to become India’s next economic powerhouse.

    “We will continue B2G and B2B dialogues, where the Ministry for DoNER will act as a bridge between investors and state governments – to ensure that each approved project translates swiftly into reality,” he assured.

    Delegations from over 80 countries – ranging from Japan to Europe to ASEAN nations — attended the summit, and there was one unanimous sentiment: India’s future lies in the Northeast.

    The Centre adopted a “whole-of-government” approach for the development of the northeastern region and created eight high-level task forces across key sectors: agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry, allowing each state to chart its own roadmap.

    Prime Minister Narendra Modi has assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region’s immense potential.

    (With inputs from IANS)

  • MIL-Evening Report: View from the Hill: Liberals and Nationals patch things up and announce a shadow ministry

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

    Two Victorian Liberal women, Jane Hume and Sarah Henderson, have been dumped and a key numbers man has been promoted from the backbench to the shadow cabinet in the new frontbench announced by Coalition leaders Sussan Ley and David Littleproud.

    Hume was the high-profile finance spokeswoman last term and central in the disastrous work-from-home election policy debacle.

    Henderson was shadow education minister, and complained after the election about not being able to get some of her policy out. She said in a statement she was “very disappointed” not to be included in the shadow ministry. “I regret that a number of high performing Liberal women have been overlooked or demoted in the new ministry”.

    Alex Hawke, who was numbers man for Scott Morrison, and has played that role for Ley, becomes shadow minister for industry and innovation as well as manager of opposition business in the House of Representatives.

    The shadow ministry was unveiled after a Nationals party meeting earlier on Wednesday formally signed off on re-forming the Coalition, just over a week after it had dramatically split.

    Senator Jacinta Nampijinpa Price, who defected from the Nationals in a vain hope of becoming deputy Liberal leader, is shadow minister for defence industry, outside the shadow cabinet. Price has lost out by her move – she would have been in the shadow cabinet if she had stayed in the Nationals. She indicated on Wednesday night she would continue to speak widely on issues.

    The post of “government efficiency” that Peter Dutton created for Price has been scrapped.

    As expected, Liberal deputy Ted O’Brien, who carried the nuclear debate for the opposition in the last term, becomes shadow treasurer. The deputy leader has the right to choose their own portfolio.

    Apart from O’Brien, the opposition economic team includes James Paterson in finance, Andrew Bragg in productivity, deregulation and housing, and Tim Wilson in industrial relations, employment and small business.

    This is a promotion for Paterson, considered a good performer on national security issues last term, and a big reward for Wilson for dislodging teal MP Zoe Daniel. There is a partial recount in Wilson’s seat of Goldstein at Daniel’s request, but he is considered safe.

    The opposition’s Senate leader Michaelia Cash receives the plum job of shadow foreign minister, while Angus Taylor, who ran unsuccessfully for leader, becomes shadow defence minister.

    Andrew Hastie, who wanted to move from the defence post, is in home affairs. Hastie decided not to run for leader after the election but is seen as positioning himself for a bid at some point in the future. He told the ABC this week: “Timing is really important in political life”.

    Kerrynne Liddle is shadow minister for Indigenous Australians, as well as having social services. Angie Bell becomes shadow minister for the environment while Dan Tehan is spokesman on energy and emissions reduction.

    Jonathon Duniam becomes education spokesman. Julian Leeser takes over shadow attorney-general, a position he held early last term before he resigned over the Voice.

    The Nationals, who wanted a stronger economic voice, have
    won the position of shadow assistant treasurer, which goes to Pat Conaghan.

    For their part, the Liberals have sliced off part of the infrastructure portfolio, held by the Nationals’ Bridget Mckenzie, to create a new shadow ministry for urban infrastructure and cities, which goes to Queensland senator James McGrath.

    Gisele Kapterian, who as of late Wednesday was only three votes ahead of teal Nicolette Boele for the Sydney seat of Bradfield, will become a shadow assistant minister if she wins.

    For Ley, the shadow frontbench reflects a juggling act of rewarding supporters while seeking to not excessively alienate those who opposed her.

    She was reluctant to be drawn on her dumping of Hume, who supported Taylor in the leadership. “I don’t reflect on private conversations. I will say this; These are tough days and having been through many days like this myself in my parliamentary career, I recognise that.”

    Tensions in the Nationals

    Though the Coalition is back together, ructions within the Nationals are continuing, with the longer-term implications for Littleproud unclear.

    Two former Nationals leaders, Michael McCormack and Barnaby Joyce, have been excluded from frontbench positions. Both had been critical of breaking the Coalition.

    McCormack welcomed the Coalition rejoining, but said “we should never have been apart”. Of his exclusion from the frontbench, he told reporter in his home city of Wagga Wagga, “I’m disappointed, but life goes on”.

    Nationals Colin Boyce, from Queensland, attacked Littleproud on Wednesday saying, “How can you support a bloke who misled the party room?” Boyce, speaking on Sky, said the party room had not been told “the whole truth about the conversations, the letters, the little extras that were demanded”.

    It was later revealed Littleproud had asked for Nationals shadow ministry to have freedom to freelance on policy. This was rejected by Ley, which Littleproud then accepted.

    The Coalition now faces a defining coming battle over whether to stay committed to the target of reducing emissions to net zero by 2050.

    Joyce – under whom the Nationals signed up to net zero – flagged he would push for change.

    He said net zero was a disaster for the economy and the environment, and most importantly for “poor people because they can’t afford their power bills”.

    Nationals senator Matt Canavan, who ran for the leadership against Littleproud, is a constant campaigner against net zero.

    Hastie this week described net zero as “a straitjacket that I’m already getting out of”.

    Ley was confident she and Littleproud could work well together. “Personally, David and I will be friends. I think a woman who got her start in the shearing sheds of western Queensland can always find something to talk about over a steak and a beer, David, with you, the person who represents those communities now.”

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

    – ref. View from the Hill: Liberals and Nationals patch things up and announce a shadow ministry – https://theconversation.com/view-from-the-hill-liberals-and-nationals-patch-things-up-and-announce-a-shadow-ministry-257335

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Full Text: Joint Statement of the ASEAN-China-GCC Summit

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

    KUALA LUMPUR, May 28 — The following is the full text of the Joint Statement of the Summit of the Association of Southeast Asian Nations (ASEAN), the Cooperation Council for the Arab States of the Gulf (GCC) and China released on Tuesday:

    Joint Statement of the ASEAN-China-GCC Summit

    WE, the Member States of the Association of Southeast Asian Nations, the Cooperation Council for the Arab States of the Gulf, and the People’s Republic of China, gathered on the occasion of the ASEAN-China-GCC Summit on 27 May 2025, in Kuala Lumpur, Malaysia;

    ACKNOWLEDGING the long-lasting and deeply-rooted historical and civilizational linkage and economic ties among ASEAN, China and GCC;

    RECOGNIZING the close and mutually-beneficial economic collaboration and cooperation among ASEAN, China and GCC;

    REAFFIRMING our desire to further promote ASEAN-China-GCC relations, guided by fundamental principles and shared values, norms and commitments, including those enunciated in the United Nations Charter;

    UNDERSCORING the importance of regionalism and multilateralism, regional unity and international law in addressing shared challenges, while upholding ASEAN centrality in the evolving regional architecture to foster peace, stability, development and prosperity;

    UNDERSCORING the importance of GCC’s critical role to foster peace, security, stability, development, prosperity and dialogue;

    APPRECIATING China’s crucial role in promoting peace, stability, prosperity and sustainable development in regional and international affairs;

    ENDEAVORING to promote peace, security, stability and prosperity, through mutual respect and cooperation between countries and regions to achieve development and progress based on adherence to international law, including the UN Charter, the principles of good neighbourliness, and respect for the independence, sovereignty, equality and territorial integrity, non-interference in their internal affairs, and refraining from the threat or use of force, and settlement of differences or disputes by peaceful means;

    ACKNOWLEDGING the importance of strengthening relations among ASEAN, China and GCC in promoting regional cooperation and economic development in the broader Asia-Pacific and Middle Eastern contexts;

    RECOGNIZING that ASEAN, China and GCC encompass diverse and complementary economies which create enormous potential, broad prospects and new opportunities for greater cross-sectoral trade, investment and economic collaboration;

    RECOGNIZING the increasing importance of fostering closer economic collaboration among our regions, and reiterating our shared commitment to strengthening our partnerships to promote economic and sustainable development;

    RECOGNIZING the need to strengthen confidence in the rules-based multilateral trading system with the World Trade Organization (WTO) at its core to protect businesses, consumers worldwide and livelihoods of people in our regions;

    REAFFIRMING our resolve to enhance economic resilience and environmental sustainability, and make economic globalization more open, inclusive, balanced, and beneficial to our peoples and future generations;

    ACKNOWLEDGING our joint efforts to promote closer cooperation between ASEAN, China and GCC and China’s vision to build a closer China-ASEAN Community with a shared future and a China-Arab Community with a shared future in the new era;

    EXPLORING cooperation in preventing and combating transnational crime, cybercrime, counter-terrorism and extremism;

    The Leaders expressed grave concerns over the developments in the Middle East and agreed on the following:

    — Condemn all attacks against civilians and call for a durable ceasefire and for all concerned parties to ensure the most effective and efficient access for humanitarian aid, and relief supplies and other basic necessities and essential services, as well as the restoration of electricity and water, and allow the unhindered delivery of fuel, food and medicine throughout Gaza;

    — Call on all parties to the conflict to protect civilians, refrain from targeting them and to abide by international humanitarian law, particularly the principles and provisions of the Geneva Convention relative to the Protection of Civilian Persons in Time of War of 12 August 1949;

    — Acknowledge the Advisory Opinion of the International Court of Justice on 19 July 2024, which is of the opinion, among others, that the UN, and especially the General Assembly, which requested this opinion, and the Security Council, should consider the precise modalities and further action required to bring to an end as rapidly as possible the unlawful presence of the State of Israel in the Occupied Palestinian Territory;

    — Support the ongoing efforts to release all hostages and those under arbitrary detention;

    — Urge all parties concerned to work towards a peaceful resolution to the conflict with a view to realizing the two-state solution based on the pre-1967 borders; in accordance with international law and the relevant UN Security Council (UNSC) and UN General Assembly resolutions, including UNGA resolution A/RES/ES-10/23 on the Admission on New Members to the UN dated 10 May 2024;

    — Support the efforts of the global alliance for the implementation of the two-state solution, and note the initiatives of the Kingdom of Saudi Arabia in cooperation with the Kingdom of Norway and the European Union towards realizing an independent Palestinian state;

    — Recognized Qatar’s mediation efforts to reach ceasefire and facilitate aid delivery and China’s efforts towards Palestinian internal reconciliation, particularly its role in facilitating the signing of the Beijing Declaration on Ending Division and Strengthening Palestinian National Unity by Palestinian factions in July 2024 in Beijing;

    — Welcome the Resolution of the UN General Assembly adopted on 11 December 2024, in which the General Assembly, inter alia, called for an immediate, unconditional and permanent ceasefire in Gaza, and called upon all parties to enable the United Nations Relief and Works Agency for Palestine Refugees (UNRWA) to carry out its mandate, as adopted by the General Assembly, in all areas of operation with full respect for the humanitarian principles of humanity, neutrality, impartiality and independence.

    With firm resolve, we pledged to advance the spirit of inclusivity, sustainability, resilience and equal partnership, charting a united and collective path toward a peaceful, prosperous and equitable future.

    We hereby:

    Economic Integration

    1. Decide to foster collaboration that promotes economic prosperity, resilience and sustainable development among ASEAN, China and GCC, based on mutual respect, mutual trust, and mutual benefit, and anchored on the principles of inclusivity and sustainability in engaging all interested partners.

    2. Commit to enhancing economic cooperation by leveraging the complementarities among ASEAN, China and GCC. Priority will be given to:

    (i) Reaffirming the central and indispensable role of the WTO at the core of the rules-based multilateral trading system, which provides a predictable, transparent, non-discriminatory and open global trading system;

    (ii) Exploring cooperation, including through the priority areas of the Global Development Initiative and various frameworks or initiatives by ASEAN and GCC, to facilitate the attainment of the UN 2030 Agenda for Sustainable Development;

    (iii) Promoting free trade and welcoming the full conclusion of the China-ASEAN Free Trade Area 3.0 Upgrade Negotiations, and looking forward to its early signing and entering into force, as well as an early conclusion of the China-GCC Free Trade Agreement negotiations;

    (iv) Enhancing industrial and supply chain resilience and fostering sustainable trade practices for new economic opportunities in potential areas in emerging and future-oriented industries such as the digital and green economy and technologies;

    (v) Exploring the establishment of a regional business council to facilitate dialogue between businesses from ASEAN, China and GCC in supporting enhanced trade and investment flows and the development of regional value chains;

    (vi) Exploring regional financial cooperation, including capital markets, and financial technology among others, while empowering micro, small and medium enterprises;

    (vii) Exploring cooperation on local currency and cross-border payments;

    (viii) Taking coordinated and comprehensive actions to prevent and fight corruption.

    Connectivity

    3. Enhance connectivity through:

    (i) Promoting high-quality cooperation under the Belt and Road Initiative and seamless connectivity, including through the development of logistics corridors and digital platforms;

    (ii) Promoting sustainable infrastructure development in supporting interconnected and seamless economic diversification, growth and sustainability;

    (iii) Exploring further cooperation to enhance infrastructure development for seamless and efficient connectivity, including recognizing the importance of maintaining and promoting maritime safety and security, given the importance of oceans and seas as key factors in driving growth and prosperity in the respective regions.

    Energy Security and Sustainability

    4. Acknowledge the global imperative for sustainable resilience and energy transition with the aim to collaborate on:

    (i) Working together towards a sustainable, just, affordable, inclusive and orderly energy transitions in line with the Paris Agreement;

    (ii) Supporting global energy market stability and adopting a balanced approach that does not exclude energy sources but instead innovates technologies that enable emissions management and efficient use of all energy sources to facilitate sustainable economic growth for all;

    (iii) Working to diversify and secure supply chains globally in line with international best practices, including for critical energy transition minerals, and encourage resource efficiency, while respecting applicable national laws and regulations;

    (iv) Recognizing the strategic importance of our cooperation on stable, reliable, and sustainable energy markets to reduce volatility and to enhance the security of energy supply. We recall the urgent need to address climate change and stress the importance of the energy transition;

    (v) Exploring new business opportunities, including the development of clean energy;

    (vi) Enhancing knowledge exchange and collaboration on renewable energy, clean/green energy, carbon capture, utilization and storage (CCUS), biofuel, bio-LNG (liquefied natural gas), low carbon hydrogen, low carbon ammonia, and sustainable fuels, as well as energy efficiency policies, regulatory frameworks, technology and innovations consistent with the national priorities of each country;

    (vii) Strengthening training and capacity-building initiatives in areas such as nuclear safety, security and safeguards, reactor technology, nuclear and radioactive waste management, regulatory infrastructure, and civilian nuclear energy development that is guided by International Atomic Energy Agency (IAEA) standards, guidance and international best practices, and advancements in and energy storage technologies to support informed decision-making and policy development for civilian nuclear energy;

    (viii) Driving the strategic development of initiatives on hydrogen and ammonia technologies, oil and LNG supply chains and infrastructure, upstream LNG projects, methane abatement and emissions reduction to support both energy security and the transition to cleaner fuels;

    (ix) Encouraging private and public sector investments and partnerships in energy infrastructure development, including subsea power cables, and cross-border transmission projects under related initiatives of ASEAN, China and GCC, to advance multilateral power trade for greater regional energy connectivity, resilience, and market integration, including through renewable energy generation and LNG terminals;

    (x) Promoting cooperation on environmental sustainability, including climate action, disaster management, biodiversity conservation, monitoring the state of the marine environment, air and soil quality, industrial inspection, and pollution control by leveraging on new technological advancements, the exchange of knowledge, scientific expertise, technology, and training and strengthening multilateralism and climate solidarity;

    (xi) Developing joint research and innovation initiatives on emerging technologies such as direct air capture, enhanced geothermal systems, and next-generation solar and wind technologies to support long-term energy sustainability and low-carbon solutions;

    (xii) Sharing of knowledge and best practices on green skills development of workforce to support just transition to renewable energy.

    Digital Transformation and Innovation

    5. Pursue opportunities in digital innovation and technology by:

    (i) Exploring a cross-regional framework to promote the digital economy, in areas such as digital trade, e-commerce, digital payment, fintech, artificial intelligence, start-ups and data security cooperation;

    (ii) Exploring partnerships in areas such as artificial intelligence (AI), blockchain, quantum computing, and smart cities development and advanced technological infrastructure;

    (iii) Supporting cooperation in the development of digital skills and digital literacy programmes to ensure inclusive participation in the digital age, and promoting platform work with inclusive social protection.

    Food and Agriculture

    6. Recognize the potential for cooperation in the food and agriculture sector and commit to:

    (i) Promoting sustainable agriculture, including through reducing harmful agrochemicals, promoting digitalization, advancing nature-based solutions and fostering public-private partnerships;

    (ii) Exploring cooperation in the field of halal food through the exchange of information and sharing of experiences on the basis of mutual respect for each other’s national systems, laws and policies;

    (iii) Supporting efforts to strengthen food security, nutrition and distribution, including through enhancing productivity and sustainability efforts, promoting the diversification of food sources, strengthening the quality and variety of food production, and supporting the generation and diffusion of new and sustainable technologies;

    (iv) Promoting the trade of food and agricultural products and technologies cooperation.

    People-to-People Exchange

    7. Foster greater understanding and connectivity among our peoples by:

    (i) Promoting high-quality tourism and cross-regional marketing campaigns, including culture and heritage tourism, ecotourism, and meetings, incentives, conferences, and exhibitions tourism, among other segments, and fostering an exchange of best practices in tourism digitalization and tourism destination management;

    (ii) Promoting exchanges and mutual learning among civilizations and cultures to advance mutual understanding and friendship as well as respect for diversity and welcoming the adoption of the UN General Assembly Resolution of International Day for Dialogue among Civilizations;

    (iii) Exploring opportunities to enhance mutual understanding and friendship while fostering cultural exchanges through art, music and literature programmes, especially among youth and ethnic groups;

    (iv) Strengthening cooperation in education through the exchanges of students and educational personnel, scholarships programmes and joint research initiatives, particularly in science, technology, engineering and mathematics (STEM).

    8. Implement the Joint Statement through mutually agreed activities among ASEAN, China and GCC, including through existing mechanisms such as the ASEAN-GCC, China-ASEAN and China-GCC mechanisms.

    9. Reaffirm our collective resolve to work hand-in-hand to unlock the full potential of our partnership, and to ensure that our cooperation translates into tangible benefits for our peoples and communities.

    10. Welcome the third Asia Cooperation Dialogue Summit in Doha on 3 October 2024;

    11. Note ASEAN’s initiatives on its priority areas, such as:

    — ASEAN 2045: Our Shared Future;

    — ASEAN Outlook on the Indo-Pacific (AOIP);

    — The ASEAN Power Grid;

    — Trans-ASEAN Gas Pipeline (TAGP);

    — The Action Plan on Sustainable Agriculture in ASEAN.

    12. Note GCC’s initiatives on its priority areas, such as:

    — The Global Logistics Forum held in Riyadh, Saudi Arabia, 12-14 October 2024;

    — The First Global Food Security Summit in Abu Dhabi, UAE, 25-26 November 2024;

    — United Nations Convention to Combat Desertification (COP16), Riyadh, Saudi Arabia, December 2024;

    — Sustainable Development Week in Abu Dhabi, UAE, January 2025;

    — International Conference in Support of Syria 2025;

    — The International Conference on Food Security in Yemen, 27-28 October 2025;

    — United Nations Water Conference in Abu Dhabi, UAE, December 2026;

    — The Shaikh Tamim bin Hamad Al Thani International Award for Excellence in Combating Corruption;

    — The establishment of the Global Water Organization in Riyadh, Saudi Arabia;

    — High-level international conference for peaceful settlement of the Palestinian issue, to be co-chaired by Saudi Arabia and France, in June 2025;

    — Saudi Arabia’s Middle East Green Initiative.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Government welcomes passage of Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024

    Source: Hong Kong Government special administrative region

    Government welcomes passage of Inland Revenue (Amendment) (Minimum Tax for Multinational Enterprise Groups) Bill 2024 
    The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The implementation of the GMT and the HKMTT highlights Hong Kong’s staunch support to international co-operation in tackling cross-border tax evasion, and safeguards Hong Kong’s taxing rights. With the 15 per cent GMT for in-scope multinational enterprise (MNE) groups in place, countries and regions can no longer compete for capital and investment by simply lowering their corporate income tax rates. With a fairer global taxation environment, our unique advantages such as the ‘one country, two systems’, excellent connectivity, first-class infrastructure, mature financial markets, quality talent pools, East-meets-West vibes, etc will become even more accentuated to showcase Hong Kong as a premier destination for doing business.”
     
    Under BEPS 2.0, MNE groups with an annual consolidated revenue of 750 million euros or above in at least two of the four fiscal years immediately preceding the current fiscal year (in-scope MNE groups) will need to pay the GMT of at least 15 per cent on profits derived from every jurisdiction in which they operate. With the implementation of the HKMTT, the Government of the Hong Kong Special Administrative Region (HKSARG) will have the first priority in collecting top-up tax from entities of in-scope MNE groups with an effective tax rate (ETR) in Hong Kong below 15 per cent to raise it to 15 per cent. Otherwise, the relevant top-up tax may be collected by other BEPS 2.0-implementing jurisdictions in which the group also operates. Hong Kong’s taxing rights would then be ceded to other jurisdictions. It is estimated that the new regimes will bring in an additional revenue of about $15 billion per year from 2027-28 to the HKSARG.
     
    To facilitate compliance by in-scope MNE groups, taking account of stakeholders’ views, the GMT and HKMTT regimes have incorporated various features, including:The Inland Revenue Department (IRD) has set up a dedicated team to provide technical support and answer enquiries with regard to BEPS 2.0. They will also publish online guidance addressing common concerns.
     
    More details on the GMT and the HKMTT are available at the IRD’s dedicated webpage (www.ird.gov.hk/eng/tax/bus_beps.htmIssued at HKT 17:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI: XRP News: Nimanode Launches $NMA Token Presale as their AI Agents Set to Transform Web3 Automation

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, May 28, 2025 (GLOBE NEWSWIRE) — Nimanode, which is the first full-scale platform that allows users, even non-technical ones to build, deploy, and monetize AI agents on the XRP Ledger has attracted whales in the Crypto space to the XRP Blockchain.

    With the XRP futures trading on Nasdaq, fresh momentum across the Ripple ecosystem has ignited with the accelerating institutional adoption, compliance upgrades, and smart contract innovations like hooks gaining traction. Nimanode’s Launch is positioned to capture the wave of demand for AI-powered automation on the XRP Ledger.

    The XRP-powered Nimanode has officially kicked off its presale, with strong momentum already building across the XRP community. As interest surges, early participants are positioning $NMA as one of XRPL’s most promising utility tokens with many believing it could emerge as the network’s next breakout altcoin of 2025.

    Buy $NMA Token Now

    $NMA serves as both the utility and governance token across the entire Nimanode ecosystem, unlocking features ranging from agent deployment and marketplace access to staking rewards and protocol voting.

    Key Features of Nimanode

    Zero-Code Agent Builder – Launch sophisticated AI agents without writing a line of code

    DeFi Autopilot Agent – Maximize returns as agents autonomously rebalance across XRPL yield pools.

    Risk & Compliance Agents – Monitor wallet safety, dApp risks, and jurisdictional compliance in real-time.

    Agent Marketplace – Buy, license, or monetize AI agents in a decentralized marketplace for digital work.

    Tokenomics Snapshot

    • Token Ticker: $NMA
    • Total Supply: 200,000,000
    • Presale Allocation: 90,000,000
    • Utilities: Agent deployment, licensing, staking rewards, governance, marketplace incentives

    Join $NMA Presale

    Don’t Miss Out

    The last cycle gave us DeFi protocols and NFTs. This cycle is shaping up to be about autonomous infrastructure and Nimanode is at the heart of it.

    Nimanode isn’t just another presale, but bridging a gap in the rising demand for infrastructure that blends automation, AI, and blockchain. As the first AI agent platform on XRPL, the response from the market has been overwhelmingly bullish.

    Secure your $NMA allocation now — this could be your best chance to get in early on the next major leap in XRP-powered infrastructure.

    Join Presale Now

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Whitepaper: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12db745f-7e4e-497f-8b4d-60dcaabce7a5

    The MIL Network –

  • MIL-OSI Russia: Formula of student drive: Polytechnic engineering and racing team is ready for the season

    Translation. Region: Russian Federal

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

    Polytech North Capital Motorsport (Polytech NCM) continues active preparations for the new season of international student competitions Formula Student 2025. The design stage is complete – the team has moved on to the production of a new racing car.

    Polytech NCM remains one of the leading student teams in Russia: in 2024, it took 1st place in the design defense, 2nd place in the cost report and 3rd place in the business presentation at the Formula Student Russia stage, receiving the title of the best team in static disciplines.

    The 2025 season is marked by an important event — the team officially joined the structure of the Institute of Power Engineering of SPbPU. This cooperation opens up new horizons: from participation in specialized seminars to expanded financial, media and organizational support. The partnership strengthens the team’s ties with the university and facilitates the integration of the project into the professional scientific and expert community.

    At the moment, the team has six engineering departments, as well as a public relations department: the internal combustion engine department, the frame department, the composite materials department, the electronics and embedded systems department, the suspension department, the aerodynamics department, and the PR and management department. You can get into each sector of the team by responding to recruitment announcements. This is how the team’s management attracts active students who have decided to do something unique and useful for their future profession.

    The key aspect of any education is practice. In our team, all theoretical knowledge is tested in real conditions: both within our team and at competitions, says team captain Kirill Anikeev.

    In April, Polytech NCM took part in the largest Russian exhibition dedicated to motorsport and tuning — Motorsport Expo 2025 in the Patriot Exhibition Center. The team’s stand presented the Quattro and SOL projects. The exhibition turned out to be productive for NCM — such events always help establish contacts with the professional community of like-minded people. The exhibition guests also showed interest in the activities of young engineers and were able to ask their questions directly.

    Over the next few months, Polytech NCM will focus on preparing the car for competition: testing the telemetry system, welding the space frame, producing composite elements and, finally, final assembly of the new Cinque car.

    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: Major repairs of the Fili Park pier have been completed

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    Specialists from the city economy complex have overhauled the Fili Park pier, which is located on the right bank of the Moscow River on Filevskaya Embankment. The pier was built in 1974 and has never undergone major repairs since then.

    At the first stage of the work, specialists dismantled the concrete paving slabs of the site and the sand and gravel mixture, removed the fenders and the fence. Then they restored the concrete coating on the berth walls and cleared the seams. During the second stage, they laid new reinforced concrete slabs in the base of the berth and faced it with granite. They replaced the fenders, as well as the berth railings and stairways.

    Finally, the deformation marks were updated – metal signs of the observation geodetic network, which are installed in the upper structure of the structure. They are needed to monitor the deformations of the pier and its timely repair.

    Every year, specialists from the municipal services complex carry out large-scale hydraulic engineering works to clean the berths and deepen their water areas to ensure the safety of passenger transportation.

    Projects to create a comfortable urban environment, implemented in the capital, correspond to the goals and objectives of the national project“Infrastructure for life”.

    Quickly find out the main news of the capital inofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/154386073/

    MIL OSI Russia News –

  • MIL-OSI Russia: RAU student communities with the support of SPbPU defined development programs

    Translation. Region: Russian Federal

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

    The practical part of the RAU student community accelerator was held at the site of the representative office of “Boiling Point – Polytech” at the Russian-Armenian University. The event was attended by representatives of the sports community and department, art and media community, as well as the RAU student council.

    The classes, organized at RAU with the support of the international services of the Polytechnic University, were conducted by Pavel Kozlovsky, Deputy Director of the Advanced Engineering School “Digital Engineering” (PISH CI) of SPbPU, the author of the accelerator program. The main focus was on the issues that arose among the participants during their work during the academic years 2024–2025.

    The community representatives briefly presented the results of their activities over the past period. Each of them has significant achievements: some have multiple growth in numbers, others have new directions initiated by new participants, and others have succeeded in forming a single internal team. In addition, the guys managed to develop a common set of key RAU events (Spartakiada, Universiade, “RAU Talent” and others), in which the communities closely interact with each other.

    During the Universiade, Spartakiad and creative festival “RAU Talents”, the RAU media community actively covered the events, promptly publishing photos, videos and text reports on the university’s official social networks and information platforms.

    The sports community of the RAU was involved in organizing the sports events of the Universiade and Spartakiad. Together with the Polytechnic, two sports meetings were held at the Boiling Point – with hockey players of the Armenian National League, basketball players of the Armenian National League and players of the Black Bears – Polytechnic club.

    Art community activists held a drawing competition and took part in the event dedicated to the 80th anniversary of Victory.

    The Student Council supported the activities of all communities, established interaction between them and facilitated joint work.

    The focus was on developing a community development program for the 2025–2026 academic year. All communities developed their own vision of how they would structure their activities not only independently but also in collaboration with representatives of other areas.

    The key area of activity was the competent distribution of internal community resources for the implementation of planned projects and events. In addition, an important task was to improve horizontal connections.

    The participants noted the timeliness of the event, which allowed them to discuss common plans, and agreed to create a single calendar of events, projects and activities of the RAU to synchronize work.

    The meeting was held within the framework of the state project “Scientific, methodological and resource support for the implementation of measures to improve the efficiency of Russian-national (Slavic) universities in the Republics of Armenia, Belarus, Kyrgyzstan and Tajikistan in training personnel for the digital economy, including using modern distance technologies.” The project is financed by the Ministry of Science and Higher Education of the Russian Federation and is aimed at developing cooperation between SPbPU and two Slavic universities.

    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: BEST CRYPTO TO BUY NOW: Kaanch Network Nears Exchange Listing as Presale Stage 6 Heats Up

    Source: GlobeNewswire (MIL-OSI)

    Final Call at $0.32 Before Price Doubles to $0.64

    DUBAI, United Arab Emirates, May 28, 2025 (GLOBE NEWSWIRE) — The crypto presale scene is packed — but few projects are moving with the momentum and delivery of Kaanch Network. Stage 6 of the presale is now live at $0.32, and with over $1.31M raised and an exchange listing expected by June, this may be your last opportunity to buy before the public market launch.

    Current Price: $0.32
    Next Stage Price: $0.64
    Fixed Token Supply: 58 Million
    Over $1.3M Already Raised
    Listing Imminent — June Timeline
    Exchange Teaser from BitMart

    Why Kaanch Is Leading the Pack

    This isn’t influencer hype. Kaanch Network is delivering real infrastructure, already live:

    • 1.4 million transactions per second
    • 0.8-second finality
    • 3,600-node validator network
    • Cross-chain compatibility with Ethereum, Solana, BNB
    • .knch domain system for decentralized identity
    • Live staking during presale with up to 30% APY

    While others are still drafting whitepapers, Kaanch is already building.

    Why Stage 6 May Be Your Last Window

    Stage 5 sold out. Stage 6 is moving fast. When it ends:

    • Token price doubles to $0.64
    • Exchange listing opens public access
    • Demand spikes with staking, governance, validator onboarding
    • Presale-exclusive benefits disappear

    With a fixed 58M supply, the entry price matters and $0.32 could be the last floor before full market exposure.

    Infrastructure That’s Already Working

    While most projects launch on hope and hype, Kaanch Network is launching on code and credibility. This is a Layer 1 blockchain already processing transactions and staking before the presale even ends.

    Secure your KNCH at $0.32 now before Stage 6 closes.

    About Kaanch Network

    Kaanch Network is a next-generation Layer 1 blockchain designed for speed, scalability, and security. Built from the ground up with real-time infrastructure.

    Contact:
    Ved Singh
    info@kaanch.com

    Disclaimer: This is a paid post and is provided by Kaanch Network. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/788f53aa-7548-43d7-99ab-9cf1057c56aa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b5c6060b-4378-43be-a909-189f9aa8c5f3

    The MIL Network –

  • MIL-OSI: MEXC Futures Grid Bot Sets Traders on Fast-Track to Yields Under Multiple Market Conditions

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 28, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has taken center stage on the crypto market with the release of the Futures Grid Bot on May 21, 2025. The new product provides users with a host of advantages and is unique as a market offering with an entry threshold as low as 10 USDT and high leverage rates for improved capital efficiency.

    The MEXC Futures Grid Bot is an advanced trading instrument that opens up entirely new opportunities for traders in terms of leveraging available assets via innovative approaches. The principle of grid trading relies on applying a fully automated strategy that lets traders set multiple equidistant buy and sell orders within a predetermined price range. The given method allows traders to generate profits based on any market sentiment and at lowered risks.

    Traders who rely on the Futures Grid Bot yield profits by taking advantage of market-induced price fluctuations. This lets traders use the Futures Grid Bot to generate profits, regardless of bull or bear markets.

    MEXC designed the Futures Grid Bot with a number of distinct advantages, which make it highly attractive to a wide range of trader audiences. Apart from the low entry threshold, the bot grants high leverage rations, uninterrupted operation, and low transaction fees.

    Among the potential users of the bot are short-sell traders, giving them effective risk dispersal in case of market falls. Leveraged traders and those seeking risk mitigation can also benefit from the Futures Grid Bot, as it can help them distribute dense orders. The automated nature of the bot makes it ideal for full-time traders, freeing them from monitoring their trades nonstop. Novice traders will find the Futures Grid Bot an excellent stepping stone into their trading careers, considering its low 10 USDT entry threshold and that the instrument automatically adjusts its parameters to suit their modes.

    The workflow of the Futures Grid Bot has been intentionally simplified and streamlined to ensure that both novice and professional traders can use its interface with minimal navigation. In order to initiate their first trade with the Futures Grid Bot, users must first determine the price range of their orders within the price range that suits their requirements. The next step is setting the trade intervals into an equidistant grid and placing buy and sell orders within each grid cell. Futures Grid Bot takes over as the final step, launching automated buy-low and sell-high orders.

    The MEXC exchange is confident that the Futures Grid Bot will prove to be a valuable addition to the platform’s ever-expanding range of products. The functionality of the bot and its ability to allow traders to generate positive yields under different market conditions makes it an attractive instrument for both novice and professional users, upping the exchange’s market status and audience inflow.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Contact:
    Lucia Hu
    lucia.hu@mexc.com

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e37e5d22-879d-4ec6-8e51-f1169985ec65

    The MIL Network –

  • MIL-OSI United Kingdom: Artist’s impressions on new look Sloughbottom Park released

    Source: City of Norwich

    Published on Tuesday, 27th May 2025

    Artist’s impressions on the Sloughbottom Park revamp including refurbished pavilion, a new sports hub and new all-weather pitch, and a new play park area, have been released by Norwich Council.

    The images are designed to give resident’s an early idea of how the upgrade could look.

    Councillor Carli Harper, cabinet member for major projects and finance, said: “These images will help show local residents what they can expect when this fabulous project is completed – namely fantastic facilities for local youngsters and the whole family to make the most of their park and get involved in sport all year round, whether it’s football, BMXing, or simply having a stroll around the beautiful park.”

    The Sloughbottom project is funded by £7.6mil from the Government’s Levelling Up Fund and £850,000 from the Greater Norwich Growth Board.

    Councillor Sue Holland, Chair of the Greater Norwich Growth Board, said: “This exciting project is a great example of the benefits of the Greater Norwich partnership. By working together, we can ensure that infrastructure projects, both large and small can be delivered, improving the quality of life of our residents.”

    Andrew Dernie, Chair of Norwich Town Deal Board said: “It’s great to see this project moving forward. Investing in Norwich parks and open spaces is pivotal to increasing the well-being of city residents.”

    The funding will be spent on new and improved facilities including:

    • A new all-weather football pitch
    • A new sports hub – including league-standard changing rooms 
    • Multi-purpose Pavilion including café, public toilets, and community room
    • Accessible Play Area
    • BMX track
    • Modular storage facilities at the BMX track
    • Car park, signage, and lighting
    • Cycle Highway connections

    Officers from Norwich City Council will engage with the local community on detailed designs later this year.

    MIL OSI United Kingdom –

  • Northeast holds key for India’s $30-trillion vision towards Viksit Bharat: PMO

    Source: Government of India

    Source: Government of India (4)

    The northeastern region holds the key for India’s $30-trillion vision towards Viksit Bharat at 2047, the Prime Minister’s Office (PMO) said on Wednesday.

    Responding to an X post by Union Minister for Development of North Eastern Region (DoNER), Jyotiraditya Scindia, the PMO said, “Northeast India is no longer a frontier, it’s the front-runner”.

    “Union Minister @JM_Scindia pens down a detailed article on the region’s rise as a strategic hub for trade, connectivity, and India’s $30-trillion vision for Viksit Bharat. Give it a glance,” the PMO said in its post.

    Earlier, Scindia said that the northeast holds the key to a $30-trillion economy.

    “I pen down my article on how the Northeast is transforming into India’s strategic gateway to Southeast Asia – powering trade, connectivity, and our $30-trillion ambition towards a Viksit Bharat,” the minister posted.

    At the recently concluded ‘Rising North East Investors Summit 2025,’ Scindia said that the northeastern region has emerged as a hub of global partnership and mutual interest.

    The minister informed that the two-day summit drew an unprecedented Rs 4.3 lakh crore investment proposal, setting the stage for the Northeast Region (NER) to become India’s next economic powerhouse.

    “We will continue B2G and B2B dialogues, where the Ministry for DoNER will act as a bridge between investors and state governments – to ensure that each approved project translates swiftly into reality,” he assured.

    Delegations from over 80 countries – ranging from Japan to Europe to ASEAN nations — attended the summit, and there was one unanimous sentiment: India’s future lies in the Northeast.

    The Centre adopted a “whole-of-government” approach for the development of the northeastern region and created eight high-level task forces across key sectors: agriculture, sports, investment promotion, tourism, economic corridors, infrastructure, textiles and handicrafts, and animal husbandry, allowing each state to chart its own roadmap.

    Prime Minister Narendra Modi has assured that the Northeast now offers top-tier talent across various sectors, encouraging industries and investors to leverage the region’s immense potential.

    (IANS)

  • MIL-OSI Africa: Afreximbank wins mandate as sole financial advisor for South Africa’s $1.7-billion Suiso Project

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

    CAIRO, Egypt, May 28, 2025/APO Group/ —

    African Export-Import Bank’s (Afreximbank) (www.Afreximbank.com) Advisory and Capital Markets (ACMA) department has been appointed and mandated as the exclusive financial advisor to raise capital for the US$1.7-billion Suiso Project, a transformative coal-to-fertiliser facility to be developed in Kriel, Mpumalanga Province, in South Africa.

    As financial advisor, ACMA’s role will involve leveraging its network and expertise to structure and mobilise the capital required for the project’s execution.

    The Suiso Project, which aims to promote sustainable agriculture, will use cutting-edge fertiliser technology, such as air products gasification, and is expected to enhance the food security situation in the region. Sponsored by a consortium of leading energy and industrial companies committed to sustainable development and economic growth in the region, the project represents a significant investment in South Africa’s industrial agriculture sector aimed at reducing dependency on imported fertilisers.

    This appointment is a reflection of the increasing recognition of Afreximbank’s capacity and commitment to supporting large-scale projects with the potential to drive industrialisation and economic development across Africa.

    Suiso was formed recently to focus on the manufacture of ammonia and fertiliser, using a fossil-fuel gasification process. It intends to build a more resilient and sustainable fertiliser and agricultural market across Sub-Saharan Africa with more efficient fertiliser application rates and a reduction in greenhouse gas emissions. Suiso plans to establish a blue ammonia production facility with a capacity of 2,200 tonnes per day (TPD).  This facility will produce approximately 2,600 TPD of Urea, 1,600 TPD of Ammonium Nitrate (TAN), and a low-density Ammonium Nitrate using prilling technology, with any excess ammonia being sold in bulk.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Husband-and-wife directors banned after taking payments for singing waiters when company was insolvent

    Source: United Kingdom – Executive Government & Departments

    Press release

    Husband-and-wife directors banned after taking payments for singing waiters when company was insolvent

    The company continued to take deposits and full payments when it was insolvent

    • Frederick and Claire Reeves hired people who would burst into song at social events such as weddings 

    • The husband-and-wife allowed their company, Solfan1 Limited, to trade when they knew it was in serious financial trouble and on the verge of liquidation 

    • Couples continued to pay deposits or payments in full when Frederick and Claire Reeves knew there was no reasonable expectation the company could provide the services it offered

    A husband-and-wife team who ran a business which provided surprise singing waiters at weddings have been banned as directors after taking payments from customers when the company was insolvent. 

    Frederick Reeves, 49, also known as Jamie Reeves, and his wife Claire Reeves, 41, ran Solfan1 Limited, which traded as The Best Singing Waiters. 

    The company provided performers who would blend in at weddings by pretending to be waiters before bursting into song at an agreed time. 

    However, the couple continued to take deposits, or payments in full, from 43 customers across the UK when they knew their company was unable to pay the debts it owed. 

    The couple, of Dickens Place, Wigan, have now been banned as company directors for eight years. 

    Solfan1 went into liquidation with liabilities of more than £700,000 and assets of just over £168,000. 

    Rob Clarke, Chief Investigator at the Insolvency Service, said: 

    Couples were left heartbroken after finding out the singing waiters they had paid to perform at their weddings would not show up. 

    Several of the customers who lost out financially were even offered discounts by the company to make their payment in full at the time of the booking. 

    The serious misconduct that both Frederick and Claire Reeves displayed falls short of the standards we expect of company directors which is why they have both been disqualified until May 2033.

    Solfan1 was incorporated in November 2015. Claire Reeves was appointed as director in April 2018. 

    Frederick Reeves was never officially listed as director of the company but did not dispute that he acted in the capacity of a director when accepting his disqualification following Insolvency Service investigations. 

    The company was in financial difficulties in early 2024, having been served a winding-up petition from HM Revenue and Customs for tax debts of more than £200,000 at the start of February. 

    Following discussions with a private insolvency practitioner, the couple agreed on 28 March that Solfan1 should be placed into liquidation. 

    However, from then until the company went into liquidation on 1 May 2024, they continued to take deposits and full payments from new customers. 

    Analysis by investigators revealed that an estimated 43 customers made payments totalling £43,590 to the company during that period. 

    The Secretary of State for Business and Trade accepted disqualification undertakings from Frederick and Claire Reeves, and their bans both started on Wednesday 28 May.  

    The undertakings prevent them from being involved in the promotion, formation or management of a company, without the permission of the court.

    Further information

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Household Support Fund is available to support residents in Preston

    Source: City of Preston

    Preston City Council has secured additional funding through the Household Support Fund to continue supporting local residents, following its conclusion of the sixth round of funding in March 2025. This vital fund has been in place for several years to assist those most affected by the ongoing rise in living costs.

    Applications for the latest round will open Monday 27 May, and close on 31 March 2026 or until the funds have been exhausted.

    Councillor Peter Kelly, cabinet member of communities, social justice and night-time economy, said:

    “We’re delighted that we can continue this scheme and help those who need help and support to Preston residents. I would urge all eligible residents in need of help and assistance with energy and water bills, food and essential items to apply.”

    The Household Support Fund is designed to help the households in greatest need, particularly families with children, older residents and anyone facing hardship with essential living costs such as food, energy and water bills. Special consideration will be given to supporting low-income households with energy costs during this period.

    The Household Support Fund has helped keep the Food Banks/Hubs in Preston operating and has helped through each round of the scheme.

    The scheme can provide short-term assistance with essential living expenses, including food, utility bills, essential household appliances and more. Where larger items like fridges or washing machines are needed, these will be purchased through the fund and delivered directly to the applicant.

    In addition to direct support, as part of our preventative support, the scheme offers guidance and referrals to other local services, ensuring residents receive the assistance they may need including help with finances, debt, and welfare benefits to improve longer-term financial security.

    To apply, applicants must live within the Preston City Council area with only one application per household will be considered. The fund is open to anyone vulnerable or struggling to cover essential costs.

    It’s important to note you do not need to be receiving benefits to qualify for help through this fund — and any payments received will not affect existing benefits.

    For full details on how to apply and eligibility, see Household Support Fund.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Public consultation launches to improve travel choices on A6110 Ring Road and A643 Elland Road

    Source: City of Leeds

    Leeds City Council is proposing to introduce new measures along the A6110 and A643 Elland Road which will make it safer and more accessible for pedestrians, cyclists and public transport users.

    The A6110 Ring Road, and A643 Elland Road form key routes in Leeds, connecting south Leeds to the city centre. It is a popular route with over 38,000 people using it daily. Since 2019, a total of 26 collisions have been recorded, resulting in 31 casualties – 1 fatality, 10 serious injuries, and 20 slight injuries, highlighting the need for these improvements.

    The proposed scheme aims to address longstanding issues along the route, including high collision rates, congestion, limited pedestrian and cycling infrastructure, and poor connectivity to surrounding areas.

    The council is inviting businesses, residents, and those who use the route to share their views on the proposals, which include:

    • New and upgraded crossings along the route, making it safer for people walking, wheeling and cycling to cross the road
    • A new busway, for buses only, on A643 Elland Road (South) for quicker and more reliable bus journey times
    • Upgraded bus stops to create a more welcoming environment for bus users
    • A segregated two-way cycle lane along key sections of the route providing enhanced safety and better connection to surrounding areas of Beeston, Holbeck, Leeds City Centre, Morley, and White Rose Shopping Centre, linking easily with existing cycling provision

    The proposals include minimal changes to Millshaw roundabout as this is one of the potential options for tram proposals connecting Leeds City Centre and South Leeds. The council is working closely with West Yorkshire Combined Authority to make sure the proposals complement the potential tram line. This will ensure that any works will not need revisiting if the line is delivered on this route. Once the tram route has been confirmed, any necessary changes to the roundabout will be developed and consultation undertaken at that stage.

    The A6110 and A643 proposals align with Leeds City Council’s broader goals of reducing carbon emissions, promoting active travel, and supporting Vision Zero, which aims to eliminate road deaths and serious injuries in Leeds by 2040.

    Councillor Jonathan Pryor, Leeds City Council’s deputy leader and executive member for economy, transport and sustainable development, said:

    “This scheme is a vital step towards creating safer, more accessible routes for active travel through Leeds. This initiative is part of our commitment to make our city more inclusive, healthy, and sustainable, and we urge everyone that uses this route—whether you walk, cycle, drive, or take the bus—to share your views and help shape the future of this area.

    “Your input is essential to ensure these changes meet community needs.”

    Cllr Peter Carlill, Deputy Chair of the West Yorkshire Combined Authority Transport Committee, said:

    “It’s an exciting time for transport in West Yorkshire and plans like this can play a big part in creating a modern, joined-up network.

    “By making roads safer and improving facilities for pedestrians, cyclists and bus users, we are helping more people choose greener and healthier ways to travel.

    “We want to hear from everyone that uses this route to help us build a better-connected region that works for all.”

    Have your say before 11.59pm on Tuesday 8 July:

    1. Find out more and complete a short survey
    2. Attend a drop-in event, see the proposal boards, chat to a member of the team and fill in an online or paper survey. There are two drop-in events:
    • Thursday 19 June 2025, 3pm-6pm, Churwell Community Centre, LS27 7SY
    • Thursday 26 June 2025, 12pm-3pm, Cottingley Community Centre, LS11 0HJ
    1. Request a paper survey and freepost it back to us. Email or phone us for a paper survey on connectingleeds@leeds.gov.uk or 0113 336 8868. 

    Notes to editors

    The scheme would be funded in partnership with the West Yorkshire Combined Authority, subject to business case approvals. A condition of the funding means any changes must make it easier and safer to walk, cycle and use public transport.

    For further information on proposals for trams connecting communities between Leeds City Centre and South Leeds and Leeds to Bradford visit wymasstransit.com.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: NSU Scientific Library has begun moving to a new building for streaming lecture halls

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    The scientific library has begun moving to a new building of flow auditoriums, which is part of the second stage of the modern NSU campus, built within the framework of the national project “Youth and Children”. In total, over 600 thousand copies of books with a total weight of approximately 180 tons will have to be moved over the summer. In the new building, the library will have a reading room and a book depository with a capacity of up to 1 million copies.

    The NSU Scientific Library is located on the first floor of the flow auditorium building and is part of a multifunctional space with an area of about 2.5 thousand square meters. Furniture and multimedia equipment have already been assembled, shelves have been installed in the reading room, so the library has the opportunity to begin moving. It will be necessary to pack all 600 thousand copies, transport them and arrange them in their places in three summer months.

    — We will have a modern library that will operate 24/7. The children will be able to use self-service stations to check out books that will appear in the open collection. In the reading room, all literature will also be in open access. In addition, the library will have modern technical capabilities for employees. Publications with open access will be equipped with radio frequency tags that will allow for an automated inventory of this part of the collection, — commented Tatyana Markova, head of the NSU Scientific Library.

    The book depositories in the new building will be equipped with mobile shelves with an electric drive and computer control. The compact storage system will allow free placement of the existing library collections.

    The library’s special pride is its rare book collection, which was organized and opened in 2008 and contains about 6,000 volumes from the 18th to early 20th centuries. The specially equipped room contains domestic and foreign publications, representing a collection of scientific, popular science, and fiction literature. An important part of this collection is made up of magazines published in the 19th to early 20th centuries.

    — Of great value are encyclopedias, encyclopedic publications, and various 19th-century dictionaries. The collection includes such famous publications as the Encyclopedic Dictionary of F. A. Brockhaus and I. A. Efron, the Encyclopedic Dictionary of the Russian Bibliographic Institute Granat, and the Russian Encyclopedia published in 1911 in St. Petersburg. We also have the first Complete Works of Voltaire in French in 92 volumes, published just 7 years after the author’s death. In addition, the collection is the owner of memorable book collections, including the library of Corresponding Member of the USSR Academy of Sciences V. A. Avrorin, the first dean of the Humanities Faculty of NSU, — said Tatyana Markova.

    The most valuable and interesting specimens will be located in a specially designated room where excursions can be conducted, students can be introduced to primary sources, and specialists can work with rare editions.

    On the instructions of President Vladimir Putin, a network of modern campuses is being created in Russia. By 2030, a constellation of 25 campuses should appear in the country. Work in this area is being carried out by the Government of the Russian Federation and the Ministry of Education and Science of Russia. Currently, 24 such campuses are being designed and built with the support of the national project “Youth and Children”, by 2036 the number of campuses will increase to 40. The project is financed by federal and regional budgets, as well as by extra-budgetary sources.

    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 United Kingdom: Brent Council fails to meet RSH’s consumer standards

    Source: United Kingdom – Government Statements

    Press release

    Brent Council fails to meet RSH’s consumer standards

    The Regulator of Social Housing has published three regulatory judgements today.

    The London Borough of Brent has failed to meet the outcomes in the consumer standards and has been given a C3 grading from the Regulator of Social Housing, as part of three regulatory judgements published today. 

    LB Brent made a self-referral in April concerning the quality and accuracy of its fire safety data.  

    Following a spot check, the council found that although actions from fire risk assessments had been closed, evidence of completion was not available in all instances and that some actions had not been completed.  

    RSH’s engagement with LB Brent also found: 

    • Data for fire safety, smoke and carbon monoxide safety, asbestos management and water safety could not be reconciled. 

    • Concerns about the data validation process that took place prior to LB Brent implementing its new asset management system. 

    • Although LB Brent is reporting that it has 95% of its stock condition data, almost half of its homes have not had a recorded survey. 

    RSH will continue to engage with LB Brent as it seeks to address the issues identified, including evidencing that it is taking reasonable steps to mitigate risks to tenants as it creates and delivers its improvement plan.  

    Following an inspection, Metropolitan Housing Trust has been downgraded from G1 to G2. This means it meets RSH’s governance requirements overall but needs to improve some aspects of its arrangements to support continued compliance.  

    Improvements are needed in how the board assures itself around the delivery of outcomes of the Safety and Quality standard, and the quality of its stress testing and mitigation strategies. 

    Metropolitan Housing Trust also received C2/V2 gradings. 

    Mosscare St Vincent’s Housing Group was upgraded from C2 to C1, following responsive engagement.  

    Kate Dodsworth, Chief of Regulatory Engagement at RSH, said:  

    Accurate, up-to-date data is fundamental to landlords delivering safe, decent homes for tenants. LB Brent has engaged positively with us since their self-referral and we will continue to work closely with them as they put things right for tenants. 

    Our scrutiny of housing associations’ governance and viability is vital to ensuring landlords are manging their risks effectively. Things can go wrong without robust board challenge and rigorous stress-testing. We will continue to regulate for a sector that is well run and viable, to enable more and better homes for tenants.

    Notes to Editors

    Provider Consumer grade Governance grade Viability grade Process
    London Borough of Brent C3 – – Responsive Engagement
    Metropolitan Housing Trust Limited C2 G2 (downgrade) V2 Inspection
    Mosscare St Vincent’s Housing Group Limited C1 G1 (from previous inspection Sept 2024) V2 (from previous inspection Sept 2024) Responsive Engagement

    1. RSH regulates housing associations and other private registered providers against its full set of standards. Councils are regulated against the consumer and rent standards only. 

    2. More information about RSH’s responsive engagement, programmed inspections and consumer gradings is also available on its website.   

    3. RSH promotes a viable, efficient and well-governed social housing sector able to deliver more and better social homes. It does this by setting standards and carrying out robust regulation focusing on driving improvement in social landlords, including local authorities, and ensuring that housing associations are well-governed, financially viable and offer value for money. It takes appropriate action if the outcomes of the standards are not being delivered.  

    4. For general enquiries email enquiries@rsh.gov.uk. For media enquiries please see our Media Enquiries page.

    Updates to this page

    Published 28 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: CEPU bridges research-policy divide

    Source: Hong Kong Information Services

    The Government announced today the reappointment of 59 members of the Chief Executive’s Policy Unit (CEPU) Expert Group.

    Among those reappointed is Prof Naubahar Sharif, Head and Professor of the Division of Public Policy at the Hong Kong University of Science & Technology (HKUST).

    Prof Sharif hailed the CEPU’s engagement as “extremely valuable” in bridging research and policy-making, highlighting that it helps researchers to understand the requirements of Hong Kong society at large.

    For his part, CEPU Head Stephen Wong cited a visit by the CEPU to HKUST’s Institute of Public Policy as an example of the body’s mission to engage with university professors and think tanks striving to convert basic research into outcomes with real societal impact.

    Prof Sharif echoed Mr Wong’s perspective, stressing that it can be difficult for the research community to understand the broader requirements of Hong Kong society without the bridging role performed by the CEPU.

    He added that this interaction gives all parties an understanding of the level at which the CEPU operates, its vision for strategic long-term policy-making, and how researchers should pitch their work to generate greater impact for Hong Kong, the Greater Bay Area, and the country as a whole.

    “Without such direction, I think we are doing great work, but that great work may be a little bit unmoored.”

    The CEPU oversees two funding schemes to support public policy research and knowledge transfer. These are the Public Policy Research Funding Scheme (PPRFS) and the Strategic Public Policy Research Funding Scheme (SPPRFS).

    Mr Wong praised Prof Sharif’s contributions as a reviewer and his participation in round-table discussions at meetings to kick off or conclude projects under both schemes.

    Prof Sharif outlined that he sees his role as a reviewer as being about upholding the high integrity of the process and the scientific quality of proposals, in addition to maintaining the utmost impartiality and objectivity. He added that the biggest contribution made by the project meetings is that they bring the projects to life, enabling a qualitative understanding both of the variety of stakeholders and the depth of impact involved.

    “If we did not have those sessions, we would only know about the PPRFS and the SPPRFS from the websites.”

    Meanwhile, “Fireside Chat with CEPU Experts” facilitates thematic discussions. Calling these a highlight, Prof Sharif explained that they foster dynamic exchanges among high-level stakeholders.

    Mr Wong revealed that the topics covered in fireside chats to date have included educational reform in Hong Kong and the future of China’s economy, while the next one will focus on artificial intelligence.

    Prof Sharif elaborated that these sessions create a spark among experts across different fields, allowing legislators, policy-makers, academics and industry participants to interact and collaborate.

    “You are bringing together such high-powered individuals and so much intellectual firepower into the same room for one and a half hours or two hours that it is a really powerful process.”

    MIL OSI Asia Pacific News –

  • EU almost on track to reach 2030 climate goal

    Source: Government of India

    Source: Government of India (4)

    The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday.

    The EU is on course to reduce its net greenhouse gas emissions by 54% by 2030, compared with 1990 levels – just shy of its legally-binding goal of a 55% cut, the Commission said in an analysis of existing policies in the EU and its member countries.

    The analysis showed governments have upped their efforts to curb emissions in the last two years, even as Brussels faces a political backlash from some countries demanding the EU weaken its green agenda.

    Europe is the world’s fastest-warming continent, with crop-wrecking floods and deadly wildfires linked to climate change hitting EU nations with increasing frequency.

    But with industries reeling from high energy prices after Russia slashed gas deliveries in 2022, and the prospect of U.S. tariffs, the EU faces mounting calls from governments to soften green measures for struggling businesses.

    EU climate commissioner Wopke Hoekstra said the EU would invest more in clean technologies to ensure industries can prosper from Europe’s green transition.

    “Emissions are down 37% since 1990, while the economy has grown nearly 70%, proving climate action and growth go hand in hand. Now we must build on this momentum,” Hoekstra said.

    By 2023, the EU had reduced its emissions by 37% from 1990 levels, the latest available data show.

    The Commission cited strong progress in the energy sector, with renewable sources covering 24% of EU energy consumption in 2023.

    Agriculture and transport are among the sectors lagging behind, it said.

    Farmers staged months of protests across Europe last year, criticising EU green policies. The agriculture sector has largely escaped EU climate measures, and Brussels weakened some environmental rules for farmers in response to the protests.

    The environmental impact of land use – which includes farming and forestry – has also been exacerbated by record-breaking wildfires, which deplete the land’s ability to store carbon. The EU’s “sink” of carbon stored in natural ecosystems like grasslands and forests is now not expected to improve by 2030, the Commission said.

    The EU’s 2030 climate goal is one of the most ambitious among major economies worldwide. The Commission is preparing to propose a 2040 climate target, but has delayed the proposal for months amid political pushback.

    (Reuters)

  • MIL-OSI Asia-Pac: LegCo Secretariat releases Policy Pulse on “Northern Metropolis-building a new international innovation and technology city”

    Source: Hong Kong Government special administrative region

    LegCo Secretariat releases Policy Pulse on “Northern Metropolis-building a new international innovation and technology city” 
         The Chief Executive, Mr John Lee, will attend an Interactive Exchange Question and Answer Session at LegCo tomorrow (May 29) to discuss with Members topics including ways to accelerate the development of NM. Members have long attached great importance to NM’s development, and the Subcommittee on Matters Relating to the Development of the Northern Metropolis was set up in April 2022 to put forward a number of specific proposals. These include the suggestion of a mode of “large-scale land disposal” which the Government adopted to identify sizeable land parcels with commercial value and earmarked for provision of public facilities, and grant them to successful bidders for integrated development. This approach not only speeds up the development of the land parcels and enables co-ordinated urban design, but also reduces public expenditures.
     
         NM spans 30 000 hectares, covering approximately one-third of Hong Kong’s total area. It encompasses the Yuen Long and North districts and borders Shenzhen with seven land boundary control points. This area is a major hub for Hong Kong to integrate into the overall national development and a new engine for the city’s future growth. It is projected to approximately provide 500 000 additional residential units and create around 650 000 new jobs upon full development.
     
         The National 14th Five-Year Plan indicated clear support for Hong Kong’s development into an international I&T centre. Under a new industry pattern of “South-North dual engine (finance-I&T)”, NM will develop into a “new international I&T city” to further promote co-ordinated development of I&T industries among Hong Kong and cities in the Greater Bay Area. The I&T Zone of NM encompasses the San Tin Technopole and the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), as well as the Ngau Tam Mei New Development Area.
     
         The Policy Pulse outlines the strategic planning and development progress of NM’s I&T Zone, along with measures to enhance complementary collaboration with the Mainland. The Hetao Co-operation Zone—which comprises HSITP (Hong Kong Park) and the Shenzhen Park—is jointly established under the vision of “one river, two banks” and “one zone, two parks” and enjoys unique advantages in cross-boundary co-operation. HSITP will be made up of different zones which mainly include Life and Health Technology zone, Artificial Intelligence and Data Science zone and New Technology and Advanced Manufacturing zone. With the first batch of tenants expected to move in starting this year, HSITP will officially enter into its operational phase.
     
         The Government estimates that upon its full-fledged development, HSITP’s economic contribution to Hong Kong will reach HK$52 billion per annum. Under the framework of “one country, two systems”, Members consider that the Government should optimise the advantages of the Loop in cross-boundary co-operation and explore forward-looking policies and systems in frontier fields such as cross-boundary data flow, intellectual property protection and fintech innovation. Members also suggest that the Government should actively develop a “base for pilot-scale test” in HSITP. Additionally, Members are of the view that the Government should proactively seek innovation and changes by introducing more preferential policies in respect of land supply, dedicated funding, tax deductions, etc., in order to attract more international capital and major I&T enterprises to establish their foothold in HSITP. The Government should also enhance inter-bureau and inter-departmental co-ordination to expedite the implementation of land development and transport infrastructure projects in HSITP. Moreover, in order to enhance the training of I&T talent and promote “research, academia and industry” collaboration, Members suggest that the Government should develop NM University Town into a research and development as well as technology transfer hub to support the area, while encouraging post-secondary institutions to strengthen co-operation with renowned Mainland and overseas institutions, and creating synergy through sharing resources and enhancing collaboration with industries in the area.
     
         The detailed content of “Northern Metropolis-building a new international innovation and technology city” is available on the LegCo Website. The Policy PulseIssued at HKT 15:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Canadian firms urged to re-domicile

    Source: Hong Kong Information Services

    On day two of his Canada visit, Secretary for Financial Services & the Treasury Christopher Hui urged two Canadadian-based insurance companies to consider re-domiciling their companies to Hong Kong to enjoy the relevant legal and taxation convenience, as well as to lower their compliance costs for satisfying two sets of regulatory requirements.

     

    During yesterday’s duty visit, Mr Hui met Manulife President & Chief Executive Officer Phil Witherington and Chief Financial Officer Colin Simpson, as well as SunLife Executive Vice-President & Chief Financial Officer Tim Deacon and Executive Vice-President & Chief Strategy & Enablement Officer Linda Doughety.

     

    Both companies are Canadian-based and have extended their business to Hong Kong.

     

    Mr Hui introduced them to the newly enacted legislation on re-domiciliation of companies, adding that on the very first day the company re-domiciliation regime came into effect last Friday, an international insurance group immediately announced its plan to re-domicile its company to Hong Kong.

     

    He pointed out that this news was the best testament to the regime’s effectiveness in enhancing companies’ operational efficiency, thereby consolidating Hong Kong’s position as a leading international financial centre.

     

    Under the new regime, non-Hong Kong-incorporated companies may apply to re-domicile to Hong Kong if they fulfil requirements concerning company background, integrity, member and creditor protection, solvency, etc, while maintaining their legal identity as a body corporate to ensure business continuity.

     

    If the company’s actual similar profits are also taxed in Hong Kong after re-domiciliation, the Government will provide the company with unilateral tax credits to eliminate double taxation.

     

    Mr Hui highlighted that Hong Kong has a strong foundation in investment and trade, making it an ideal location for global enterprises to access insurance, reinsurance and risk management services, as well as to establish captive insurers. He also noted that there are vast opportunities for insurance companies in Hong Kong.

     

    Mr Hui then attended a business luncheon organised by the Hong Kong Economic & Trade Office (Toronto), Invest Hong Kong (Canada) and the National Club.

     

    He gave a presentation themed “Hong Kong as an anchor of stability amid the changing world” to showcase to the attending financial leaders the stellar figures recorded in the financial market, and banking and monetary markets.

     

    Mr Hui talked about the Government’s efforts in aligning with international standards and boosting the development of green and sustainable finance and the virtual asset market. He highlighted that with its competitive advantages and proactive measures, as well as the stability and predictability of its financial market, Hong Kong has been earning the confidence of global investors.

     

    Additionally, Mr Hui met Ontario Securities Commission (OSC) Chief Executive Officer Grant Vingoe and both agreed that in today’s shifting global landscape, collaboration with trusted allies would ensure capital markets remain robust and resilient.

     

    The Securities & Futures Commission of Hong Kong entered into a memorandum of understanding with the OSC in mid-May to include Ontario of Canada in its list of acceptable inspection regimes for strengthening the regulatory collaboration and exchange of information between the two regulators.

     

    In the evening, Mr Hui had a dinner meeting with Hong Kong-Canada Business Association (Toronto Chapter) President Joseph Chaung, and the association’s board members to brief them on the latest developments and future direction of Hong Kong’s financial market.

     

    Mr Hui also paid a courtesy call on Consul-General of the People’s Republic of China in Toronto Luo Weidong. Both expressed their anticipation that Hong Kong, with the support of the nation and its solid foundation and forward-looking measures in financial areas, will engage in more co-operation with Canada.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S

    28 May 2025

    Nykredit has completed the recommended voluntary public tender offer for Spar Nord Bank A/S

    With reference to Nykredit Realkredit A/S’s (“Nykredit”) announcement of 23 May 2025, in which Nykredit announced the final result of the voluntary public tender offer submitted by Nykredit (the “Offer”), Nykredit now announces that the Offer has been completed and settled as planned.

    Compulsory acquisition, delisting and changes to the management and articles of association

    As Nykredit has obtained an ownership interest corresponding to more than 90 per cent of the share capital and the associated voting rights in Spar Nord Bank (excluding treasury shares), it is Nykredit’s intention to initiate and complete a compulsory acquisition of the shares held by the remaining Spar Nord Bank shareholders in pursuance of sections 70-72 of the Danish Companies Act.

    Nykredit furthermore intends to seek to have the Spar Nord Bank shares removed from trading and official listing on Nasdaq Copenhagen A/S.

    In this connection, Nykredit will request Spar Nord Bank to convene an extraordinary general meeting at which Nykredit will propose changes to the board of directors of Spar Nord Bank and changes to Spar Nord Bank’s articles of association.

    Detailed information on compulsory acquisition, delisting and extraordinary general meeting will be published in separate announcements.

    In connection with Nykredit completing the recommended voluntary public tender offer for Spar Nord Bank A/S, Michael Rasmussen, Group Chief Executive, comments:

    “I have been looking forward to welcoming everyone at Spar Nord – customers and colleagues alike – to the Nykredit Group. Our two strong banks now join forces. Both of us are experiencing growth, customer inflows, and high customer satisfaction. Together, we can show even more customers that there is a customer-owned alternative in the financial sector and stand even stronger in the competition with the largest listed banks.

    Having completed the transaction, we will spend the coming period getting to know each other better. Much will therefore be as before – both for customers and colleagues. Naturally, our primary focus will be on meeting the needs of our customers.

    At the same time, the Nykredit Group’s ‘Winning the Double‘ strategy continues, because partnerships are a crucial part of our group strategy. Our partners can therefore expect us to further engage and invest in our important communities in Totalkredit, BEC, Sparinvest, nærpension and Privatsikring. These partnerships ensure that we together stand stronger in the Danish financial market and in our interaction with customers.”

    Additional information

    Contact persons:

    Investor contact:

    Morten Bækmand, Head of Investor Relations, Nykredit (+45 2339 4168)

    Media contact:

    Orhan Gökcen, Head of Press, Nykredit (+45 3121 0639)

    Attachment

    The MIL Network –