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Category: Economy

  • MIL-OSI Submissions: Energy Sector – Equinor second quarter 2025 results

    Source: Equinor

    23 JULY 2025 – Equinor delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. Equinor reported a net operating income of USD 5.72 billion and a net income of USD 1.32 billion. Adjusted net income* was USD 1.67 billion, leading to adjusted earnings per share* of USD 0.64.

    Solid financial results

    • Strong operational performance and production growth
    • Higher US onshore gas production capturing higher prices
    • Stable cost and capex in line with guidance
    • Balance sheet remains robust through lower price environment

    Strategic progress

    • Announced divestment of the Peregrino field in Brazil for USD 3.5 billion
    • Financial close of Bałtyk 2 & 3 offshore wind projects in Poland
    • Empire Wind 1 project development back in execution. Impairments driven by regulatory changes for future offshore wind projects leading to a loss of future synergies on South Brooklyn Marine Terminal, and increased exposure to tariffs

    Capital distribution

    • Ordinary cash dividend of USD 0.37 per share, third tranche of share buy-back of up to USD 1.265 billion
    • Expected total capital distribution of USD 9 billion in 2025

    Anders Opedal, President and CEO of Equinor ASA:
    “We are on track to deliver production growth in 2025 in line with our guidance. Strong operational performance and Johan Castberg reaching plateau are key contributors this quarter. In today’s volatile markets we stay committed to being a long-term energy provider to Europe.”

    “Last year, we strengthened our onshore gas portfolio in the US and this has created substantial value this quarter, with a fifty percent increase in gas production at prices almost eighty percent higher than the same time last year.“

    “We continue to progress our portfolio in renewables, and the Empire Wind 1 project development is back in execution. We have reached financial close for the Bałtyk 2 & 3 offshore wind projects in Poland at favourable terms, contributing to strong returns.”

    Solid production

    Equinor delivered a total equity production of 2,096 mboe per day in the second quarter, up 2% from 2,048 mboe in the same quarter last year.

    On the Norwegian continental shelf the operational performance was strong. New production from the Johan Castberg field reaching plateau and Halten East contributed. Together, this offset natural decline, impact from the turnaround at Hammerfest LNG and maintenance at the Kollsnes processing plant.

    The acquisition of additional interests in US onshore assets in 2024, and higher production from these assets, contributed to a 28% increase in oil and gas production from US in the second quarter, compared to the same period last year.

    The production from the international upstream segment, excluding US, is down compared to the same quarter last year, due to exits from Nigeria and Azerbaijan in 2024. Higher production in Brazil, and new wells in Argentina and Angola, contributed positively.

    The total power generation from the renewable portfolio was 0.83 TWh. The increase compared to second quarter last year is due to ramp up of power production from Dogger Bank A and new production from the onshore wind farm Lyngsåsa in Sweden which was acquired in first quarter 2025.

    In the quarter, Equinor completed 5 offshore exploration wells on the NCS with 2 commercial discoveries.

    Strong financial results

    Equinor delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. The results are affected by lower liquids prices, which were partially offset by higher gas prices and higher production.

    The reported net operating income of USD 5.72 billion is down from USD 7.66 billion in the same quarter last year. This is impacted by an impairment of USD 955 million due to regulatory changes causing loss of synergies from future offshore wind projects and increased exposure to tariffs. Of this, USD 763 million is related to Empire Wind 1/South Brooklyn Marine Terminal project and the remainder is related to the Empire Wind 2 lease.

    Equinor realised a European gas price of USD 12.0 per mmbtu and realised liquids prices were USD 63.0 per bbl in the second quarter.

    Adjusted operating and administrative expenses* are stable from the same quarter last year.

    Strong operational performance generated cash flows provided by operating activities, before taxes paid and working capital items, of USD 9.17 billion for the second quarter.

    Equinor paid two NCS tax instalments totalling USD 6.85 billion in the quarter. From August, the payments of tax on the NCS will be changed to ten installments annually, and for third quarter Equinor expects to pay two installments of NOK 19.7 billion each.

    Cash flow from operations after taxes paid* ended at USD 1.94 billion.

    Organic capital expenditure* was USD 3.40 billion for the quarter, and total capital expenditures were USD 3.58 billion.

    The net debt to capital employed adjusted ratio* was 15.2% at the end of the second quarter, compared to 6.9% at the end of the first quarter of 2025. The calculation of net debt ratio includes the effect of the Norwegian state’s share of the share buy-back, at USD 4.26 billion paid in July.

    Strategic progress

    Since the end of the last quarter, Equinor progressed projects to facilitate long-term production and value creation on the Norwegian continental shelf. The plan for development and operation on Fram South was submitted and final investment decision was made on Johan Sverdrup phase 3 in the North Sea which are expected to increase the recoverable volumes from the field by 40-50 million boe.

    After less than three months in production, the Johan Castberg field in the Barents Sea reached plateau on 17 June. The same month, an oil discovery estimated at approximately 9-15 million barrels was made in the area and can contribute with additional reserves for the field.

    Equinor and Centrica signed a long-term gas sales agreement of 55 TWh of natural gas per year for a period of 10 years, demonstrating the importance of long-term gas supplies from the NCS to support the UK’s energy security.

    Equinor continues to high-grade its international portfolio. In the quarter, the sale of the Peregrino field in Brazil for USD 3.5 billion was announced. Equinor will focus on the start-up of the Bacalhau field expected on stream later in 2025 and progressing the Raia gas project. New exploration acreage in the Santos basin was awarded.

    Financial close was announced on the Bałtyk 2 and Bałtyk 3 offshore wind projects with financing packages totalling EUR 6 billion. The wind projects are located offshore Poland with an expected total capacity of 1.4 GW.

    Competitive capital distribution

    The board of directors has decided a cash dividend of USD 0.37 per share for the second quarter of 2025, in line with communication at the Capital Markets Update in February.

    Expected total capital distribution for 2025 is USD 9 billion, including a share buy-back programme of up to USD 5 billion. The board has decided to initiate a third tranche of the share buy-back programme of up to USD 1.265 billion. The tranche will commence on 24 July and end no later than 27 October 2025.

    The second tranche of the share buy-back programme for 2025 was completed on 17 July 2025 with a total value of USD 1.265 billion.

    All share buy-back amounts include shares to be redeemed by the Norwegian state.

    *For items marked with an asterisk throughout this report, see Use and reconciliation of non-GAAP financial measures in the Supplementary disclosures.

    MIL OSI – Submitted News –

    July 23, 2025
  • MIL-OSI United Kingdom: UK sanctions notorious people-smuggling gangs and their enablers in global crackdown

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    UK sanctions notorious people-smuggling gangs and their enablers in global crackdown

    Gang ring leaders, key intermediaries and suppliers of people-smuggling equipment have today [July 23] been hit with the first ever sanctions targeting irregular migration by the UK.

    • UK sanctions 25 targets at the heart of people-smuggling networks that drive irregular migration to the UK. 
    • Sanctions come on day 1 of the UK’s world-first dedicated sanctions regime targeting irregular migration and organised immigration crime. 
    • Action marks latest step in government’s campaign to secure Britain’s borders and reduce irregular migration, delivering on the Plan for Change.  

    Gang ring leaders, key intermediaries and suppliers of people-smuggling equipment have today [July 23] been hit with the first ever sanctions targeting irregular migration by the UK. 
     
    Today’s sanctions target individuals and entities involved in people-smuggling and driving irregular migration to the UK, from a small boat supplier in Asia, to informal Hawala money movers in the Middle East, to gang leaders based in the Balkans and North Africa. 

    They cover a range of different activities from supplying small boats explicitly for smuggling, to sourcing fake passports, middlemen facilitating illicit payments through Hawala, people-smuggling via lorries and small boats, and the gangland leaders themselves. 

    Sanctions can disrupt the flow of money and materials – including freezing property, bank accounts and other assets – which allow organised criminal gangs to operate this vile trade.  
     
    The plans are a key example of the FCDO using innovative foreign policy approaches to deliver on the government’s Plan for Change. The regime will be the world’s first dedicated to targeting people-smuggling and organised immigration crime, with the exploitation of vulnerable people by criminals and their associated networks being one of the key drivers of irregular migration to the UK. 

    Foreign Secretary David Lammy said:  

    This is a landmark moment in the government’s work to tackle organised immigration crime, reduce irregular migration to the UK and deliver on the Plan for Change. 

    From Europe to Asia we are taking the fight to the people-smugglers who enable irregular migration, targeting them wherever they are in the world and making them pay for their actions.  

    My message to the gangs who callously risk vulnerable lives for profit is this: we know who you are, and we will work with our partners around the world to hold you to account. 

    Among those sanctioned today is Bledar Lala, an Albanian who is in control of the ‘Belgium operations’ of an organised criminal group which smuggles migrants from Belgium across the English Channel to the United Kingdom.

    Sanctions have also been brought against a company in China which has advertised their small boats on an online marketplace explicitly for the purpose of people-smuggling. The boats advertised are of the type used by criminal gangs in which migrants are packed, before being sent across the Channel at huge risk.

    The UK is also sanctioning Alen Basil, a former police translator who went on to lead a large smuggling network in Serbia, terrorising refugees, with the aid of corrupt policemen. Basil was subsequently found to be living in a house in Serbia worth more than one million euros, bought with money extorted from countless desperate migrants. 

    Also sanctioned is Mohammed Tetwani, the self-styled “King of Horgos”, who brutally oversaw a migrant camp in Horgos, Serbia and led the Tetwani people-smuggling gang. Tetwani and his followers are known for their violent treatment of refugees who decline their services or cannot pay for them. 

    Today’s package also includes individuals like Muhammed Khadir Pirot, a hawala banker involved in informal money transfer networks, which people-smugglers use as a way of taking payment from migrants.

    All of those sanctioned today are publicly named and barred from engaging with the UK financial system, helping to further undermine their operations. 

    NCA Director General Graeme Biggar said: 

    The NCA is determined to use every tool at our disposal to target, disrupt and dismantle the criminal networks involved in people-smuggling, preventing harm to those they exploit for profit and protecting the UK’s border security.    

    These new sanctions powers will complement that NCA activity. We have worked with the FCDO and partners to progress the designation of these sanctioned persons.   

    They will give the UK a new way of pursuing, undermining and frustrating the operational capability of a wide range of organised immigration crime networks, including those who facilitate or enable offending.

    Today’s designations are the first made under the UK’s new Global Irregular Migration Sanctions Regime. The regime is a world first and empowers the FCDO to impose sanctions not only on individuals and entities involved in people-smuggling to the UK, but also any financiers and companies found to be enabling their activities.

    The FCDO has worked closely with the National Crime Agency and other partners to develop its cases and ensure they complement law enforcement activity. 

    Today’s announcement is part of the FCDO’s three-pronged ‘disrupt, deter, return’ strategy to tackle irregular migration globally. In addition to disrupting organised immigration crime networks through sanctions, the FCDO works with source and transit countries to deter would-be migrants from making a dangerous journey in the first place and works with the Home Office to negotiate the return of people who have no right to be here to their countries of origin, including criminals and failed asylum seekers. Since the election, over 35,000 people have been returned, up 13% on the same period in the year before. 

    Background

    The individuals and entities sanctioned today can be seen below:

    Iraqi-linked people-smuggling 

    • Goran Assad Jalal, formed part of an organised crime group which stowed migrants in refrigerated lorries which crossed the English Channel from France to the United Kingdom on at least ten occasions between January and March 2019. 

    • Hemin Ali Salih, helped smuggle migrants into the UK in the backs of lorries. 

    • Dedawan Dazey, a people-smuggler who runs safe houses for migrants in Northern France before they are smuggled to the United Kingdom. 

    • Roman Ranyaye, an Iraqi people-smuggler responsible for the smuggling of migrants from Asia to Europe.   

    • Azad Khoshnaw, for supplying inflatable boats, onboard motors and other maritime equipment for use in people-smuggling of migrants from France to the UK.  

    • Nuzad Khoshnaw, for equipping gangs in Northern France with outboard motors, inflatable boats, and other maritime equipment for use in people-smuggling to the UK.  

    • Nihad Mohsin Xoshnaw, for providing inflatable boats, outboard motors and other maritime equipment used by migrants to cross the English Channel from France. 

    Hawala Network 

    • Muhammed Khadir Pirot, a hawala banker who controls payments from people being smuggled from the Kurdistan region of Iraq to Europe via Turkey. 

    • Mariwan Jamal, controls money movements through a Hawala banker, which handles payments to people smugglers from migrants in Iraq. 

    • Rafiq Shaqlaway, involved in hawala banking as an advisor to migrants looking to pay smugglers operating routes into Europe via Turkey. 

    North African gangs operating in the Balkans 

    • Kazawi Gang, a people-smuggling network which controls people-smuggling routes from North Africa into the EU known to deal out harsh punishments to migrants who are unable to pay.   

    • Tetwani Gang, known as one of the Balkan’s most violent people-smuggling gangs, members are reported to hold migrants for ransom and sexually abuse women unable to pay their fees. 

    Gangland bosses 

    • Bledar Lala, leads a smuggling ring moving people from Belgium across the English Channel to the UK.  

    • Alen Basil, a former police translator who through violence and intimidation became boss of a large people-smuggling network. 

    • Mohammed Tetwani, the head of the ‘Tetwani’ gang and self-styled “King” of Horgos in Serbia. 

    • Yassine Al Maghribi Al-Kasaoui, the boss of the “Kazawi” gang. 

    Balkan gangs supplying fake passports 

    • Kavač Gang, a Balkan organised crime organisation known to use fake passports to smuggle its gang members between the Balkans and Turkey. 

    • Škaljari Gang, an organised crime organisation in Montenegro that smuggles criminals between the Balkans and Turkey. 

    • Dalibor Ćurlik, procures fake passports and forged documents for use in the Kavač gang’s people-smuggling. 

    • Almir Jahović, member of the Kavač gang, which is involved in supplying fake passports for smuggling gang members across borders 

    • Marko Petrović, a member of the Kavač gang which sources false identification and passports for use in people-smuggling.  

    • Nikola Vein helps the Škaljari Gang secure fake passports and travel documents for use in people smuggling. 

    • Ratko Živković, a Škaljari Gang associate, which gathers fake passports for the purpose of smuggling gang members across borders. 

    • Dejan Pavlović, a member or close associate of the Škaljari Gang, which supports the manufacture of false identities and passports.  

    The following company based in China has been designated over the manufacture of inflatable boats being advertised for people smuggling.  

    • Weihai Yamar Outdoors Product Co 

    Background to the Global Irregular Migration sanctions regime 

    • Using the powers conferred by the Sanctions and Anti-Money Laundering Act (the Sanctions Act) the Government has laid secondary legislation before Parliament that introduces a new Global Irregular Migration sanctions regime. The Regulations will be debated by both Houses of Parliament when they return from the summer recess in line with the made affirmative procedure.   

    • The UK Sanctions List FCDO – UK Sanctions List Search – GOV.UK 

    Asset freeze 

    • An asset freeze prevents any UK citizen, or any business in the UK, from dealing with any funds or economic resources which are owned, held or controlled by the designated person. UK financial sanctions apply to all persons within the territory and territorial sea of the UK and to all UK persons, wherever they are in the world. It also prevents funds or economic resources being provided to or for the benefit of the designated person.

    Travel ban 

    • A travel ban means that the designated person must be refused leave to enter or to remain in the United Kingdom, providing the individual is an excluded person under section 8B of the Immigration Act 1971.

    Director disqualifications 

    • Where director disqualification sanctions apply, it will be an offence for a person designated for the purpose of those sanctions to act as a director of a company or to take part in the management, formation or promotion of a UK company.

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 23 July 2025

    MIL OSI United Kingdom –

    July 23, 2025
  • MIL-OSI Russia: More than practice: graduates of capital colleges showed their skills at a demonstration exam

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Demonstration exams have been completed in the capital’s colleges. This year, more than 25,000 graduates took part in the tests. As part of the certification, they demonstrated their skills in conditions as close as possible to real production. This was reported by the press service of the capital’s Department of Education and Science.

    “The demonstration exam is conducted not only in college workshops and laboratories, but also at leading employers’ sites. Based on the results of the certification, graduates receive a digital competency passport – a document with scores for various indicators clearly shows the skills of young specialists and helps employers evaluate their training. In total, over 25 thousand students from Moscow colleges passed the demonstration exam this year, of which more than 15 thousand received excellent marks. The most successful received a job offer,” the department’s press service said.

    Thus, graduates of the Moscow Transport College in the specialty “technical operation of rolling stock of railways” demonstrated their professional competencies at the Moscow Metro. During the exam, they performed operations on the technical maintenance of the current collector and safety valve of the electric train. The guys were faced with the task of identifying and replacing faulty elements, and most of them did an excellent job.

    Students from the A.A. Nikolaev Moscow Automobile and Road College and the I.A. Likhachev Moscow Technological College were able to demonstrate their skills in updated laboratories and workshops. Future specialists diagnosed faults in the chassis, steering and braking systems, disassembled and assembled engines, eliminated faults in electrical equipment, and adjusted wheel alignment angles. Representatives of leading industry companies such as Rolf, Avtogermes, Setrans, Avtotrans, Favorit Motors, MASH, Haval Motor Manufacturing Rus, Severny Put, AMO and the Irbis Group of Companies acted as experts.

    Students of the capital’s college will learn to repair cars using virtual technologies

    Students of Polytechnic College No. 8 named after twice Hero of the Soviet Union I.F. Pavlov and Moscow State Educational Complex passed a demonstration exam at the site of practical training of Moscow colleges “Rudnevo”. Future electricians assembled signal analyzers, eliminated coded faults and adjusted equipment. Welders worked with carbon and alloy steel and made seams. Machine operators adjusted equipment, manufactured parts on it, checked the obtained accuracy and quality of products. Representatives of partner enterprises monitored the progress of the tasks: Moscow Machine-Building Plant “Avangard”, Moscow Design and Production Complex “Universal” named after A.I. Privalov, production complex “Salut” of JSC “United Engine Corporation” of Rostec.

    Students of the College of Architecture, Design and Reengineering No. 26 demonstrated professional skills in the field of polymer composite manufacturing technology. Young craftsmen developed product drawings, compiled an operational map of the technological process and calculated the characteristics according to which they manufactured a compressed gas cylinder from basalt plastic.

    The exam was held at the State Research Institute (RI) of Graphite-Based Structural Materials “NIIgrafit” of the state corporation “Rosatom”. As Deputy Director for Science and Innovations of this institute Artur Gareev noted, before the exam, students underwent intensive specialized training in the laboratories and workshops of the institute. According to him, the demonstration exam became an objective confirmation that graduates have all the necessary competencies to work with modern polymeric materials and technologies.

    The Institute has been fruitfully cooperating with the College of Architecture, Design and Reengineering No. 26 for seven years, annually accepting up to 40 students for practical training in various specialties. The most talented and motivated students join the team of specialists. Today, graduates of this college successfully work in key divisions of the Research Institute, for example, in the testing center, the functional materials department and the technology department, and make a real contribution to the development of materials science and high-tech production.

    Exhibition of professions: how open days are held at the College of Architecture, Design and Reengineering No. 26

    At the updated culinary training ground, students of the Moscow educational complex “West” studying in the areas of “cooking and confectionery” and “cook, confectioner” took a demonstration exam. The guys prepared dishes using classic and modern technologies – from stewing and baking to tempering and working with a vacuum. Experts assessed compliance with sanitary standards, taste qualities, organization of the workplace and accuracy of recipes.

    “Taking the demonstration exam was nerve-wracking, but incredibly valuable. After all, you work under the supervision of experts and must show results not just for a grade, but according to professional standards. This is a real simulation of the conditions of a professional kitchen. During the exam, I understood how important it is to organize the workplace and the logic of actions – everything that the masters taught. In college, I learned to work according to regulations, keep the pace, control the quality of products at each stage and observe safety precautions. Now I work in a restaurant as a hot shop cook and I can say: the demonstration exam was the final test of professionalism for me,” said Sofia Sitnikova, a graduate of the Moscow educational complex “West”.

    Future tourism specialists from the College of Hospitality Industry and Management No. 23 confirmed their professional competencies at the Lotte Hotel Moscow. They met and accommodated guests, made work schedules, conducted business correspondence and developed communication templates with clients. Experts assessed politeness, literacy and understanding of the principles of hotel service.

    This year, the number of budget places in Moscow colleges for ninth-graders in the capital has increased to a record 43 thousand. Applicants can choose from more than 150 professions and specialties in all sectors of the city’s economy.

    Moscow ninth-graders who graduated from school this year will be able to submit applications until July 26. The application period for programs with entrance examinations has ended. Moscow ninth-graders of previous years, Moscow eleventh-graders, as well as out-of-town applicants will be able to submit applications until August 15, and for programs with entrance examinations – until August 10.

    Applicants are allowed to choose five specialties at one educational institution at the same time or distribute them among several. Applications can be submitted electronically viamos.ru portal.

    Detailed information about in-demand professions and specialties taught in the capital’s colleges is available on the website “Colleges of Moscow”, in the same names telegram channel and the community on the social network “VKontakte”.

    Sharpening Your Skills. Teachers on How Internships Work in Moscow Colleges

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

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI China: Chinese commerce minister holds video meeting with EU trade commissioner

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

    BEIJING, July 23 — Chinese Commerce Minister Wang Wentao held a meeting via video link with the European Commissioner for Trade and Economic Security Maros Sefcovic on Tuesday, according to a statement released Wednesday by China’s Ministry of Commerce.

    The two sides conducted frank and in-depth discussions on China-European Union (EU) economic and trade cooperation and related key issues. Wang also made solemn representations regarding the EU’s inclusion of two Chinese financial institutions in its 18th round of sanctions against Russia, said the statement.

    MIL OSI China News –

    July 23, 2025
  • MIL-OSI: BAWAG Group publishes Q2 2025 results: Net profit € 210 million and RoTCE 27.6%, full year outlook reconfirmed

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Austria – July 23, 2025 – Today, BAWAG Group released its results for the second quarter 2025, reporting a net profit of € 210 million, earnings per share of € 2.65, and a RoTCE of 27.6%. Pre-provision profits were at € 345 million and the cost-income ratio at 37.5%. This resulted in a net profit of € 411 million, earnings per share of € 5.19, and a RoTCE of 26.7% for the first half of 2025.

    The CET1 ratio was at 13.5% after deducting the share buyback of € 175 million and the dividend accrual of € 226 million for the first half 2025. The NPL ratio remained at a low level of 0.7% at the end of the second quarter, reflecting our consistently strong asset quality.

    The operating performance of our business remained solid during the second quarter 2025. The ECB policy rates have come down further with average 3-month Euribor down by 50 basis points in the second quarter compared to the prior quarter. We reconfirm our outlook across P&L lines as well as our full year and mid-term targets, as presented during the Investor Day on March 4, 2025.

    Anas Abuzaakouk, CEO, commented: “We delivered another strong quarter with net profit of € 210 million, EPS of € 2.65, and a return on tangible common equity of 28% while continuing to integrate our recent acquisitions, which are progressing well. The operating performance of our businesses across the Group was solid, but we continue to be patient and disciplined with € 15 billion cash, over 20% of our balance sheet, in a market environment where we believe credit is frothy. We also received regulatory approval for a share buyback of € 175 million, in line with our capital distribution target of over 13% through 2025, landing at a CET1 ratio of 13.5% after deducting the buyback in the second quarter. 

    As always, our success was not possible without our team members across BAWAG Group who work tirelessly on behalf of our customers, shareholders, and the communities we serve. Their dedication, passion, and relentless pursuit of excellence set us apart. I’m incredibly proud of what we’ve achieved together – and even more excited about what lies ahead.”           

    The earnings presentation is available on https://www.bawaggroup.com.

    Delivering strong H1 2025 results as a larger group

    in € million Q2 ’25 Change vs prior year (in %) H1’25 Change vs prior year (in %)
    Core revenues 547.9 40 1,082.7 38
    Net interest income 457.6 45 903.4 43
    Net commission income 90.3 19 179.3 18
    Operating income 551.9 41 1,085.7 40
    Operating expenses (206.7) 62 (404.3) 59
    Pre-provision profit 345.2 31 681.4 31
    Regulatory charges (10.4) >100 (20.0) >100
    Risk costs (52.0) 86 (111.2) 92
    Profit before tax 283.9 22 551.9 21
    Net profit 210.2 20 411.2 20
             
    RoTCE 27.6% 3.3pts 26.7% 2.7pts
    CIR 37.5% 4.9pts 37.2% 4.4pts
    Earnings per share (€) 2.65 20% 5.19 20%
    Liquidity Coverage Ratio (LCR) 237% 17pts 237% 17pts

    Earnings presentation
    BAWAG Group will host the earnings call with our CEO Anas Abuzaakouk and CFO Enver Siručić at 10 a.m. CEST on 23 July 2025. The webcast details are available on our website under Financial Results | BAWAG Group.

    About BAWAG Group
    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving our over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Ireland, the United Kingdom, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.

    BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward-looking statement
    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications & Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network –

    July 23, 2025
  • MIL-OSI: BAWAG Group publishes Q2 2025 results: Net profit € 210 million and RoTCE 27.6%, full year outlook reconfirmed

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Austria – July 23, 2025 – Today, BAWAG Group released its results for the second quarter 2025, reporting a net profit of € 210 million, earnings per share of € 2.65, and a RoTCE of 27.6%. Pre-provision profits were at € 345 million and the cost-income ratio at 37.5%. This resulted in a net profit of € 411 million, earnings per share of € 5.19, and a RoTCE of 26.7% for the first half of 2025.

    The CET1 ratio was at 13.5% after deducting the share buyback of € 175 million and the dividend accrual of € 226 million for the first half 2025. The NPL ratio remained at a low level of 0.7% at the end of the second quarter, reflecting our consistently strong asset quality.

    The operating performance of our business remained solid during the second quarter 2025. The ECB policy rates have come down further with average 3-month Euribor down by 50 basis points in the second quarter compared to the prior quarter. We reconfirm our outlook across P&L lines as well as our full year and mid-term targets, as presented during the Investor Day on March 4, 2025.

    Anas Abuzaakouk, CEO, commented: “We delivered another strong quarter with net profit of € 210 million, EPS of € 2.65, and a return on tangible common equity of 28% while continuing to integrate our recent acquisitions, which are progressing well. The operating performance of our businesses across the Group was solid, but we continue to be patient and disciplined with € 15 billion cash, over 20% of our balance sheet, in a market environment where we believe credit is frothy. We also received regulatory approval for a share buyback of € 175 million, in line with our capital distribution target of over 13% through 2025, landing at a CET1 ratio of 13.5% after deducting the buyback in the second quarter. 

    As always, our success was not possible without our team members across BAWAG Group who work tirelessly on behalf of our customers, shareholders, and the communities we serve. Their dedication, passion, and relentless pursuit of excellence set us apart. I’m incredibly proud of what we’ve achieved together – and even more excited about what lies ahead.”           

    The earnings presentation is available on https://www.bawaggroup.com.

    Delivering strong H1 2025 results as a larger group

    in € million Q2 ’25 Change vs prior year (in %) H1’25 Change vs prior year (in %)
    Core revenues 547.9 40 1,082.7 38
    Net interest income 457.6 45 903.4 43
    Net commission income 90.3 19 179.3 18
    Operating income 551.9 41 1,085.7 40
    Operating expenses (206.7) 62 (404.3) 59
    Pre-provision profit 345.2 31 681.4 31
    Regulatory charges (10.4) >100 (20.0) >100
    Risk costs (52.0) 86 (111.2) 92
    Profit before tax 283.9 22 551.9 21
    Net profit 210.2 20 411.2 20
             
    RoTCE 27.6% 3.3pts 26.7% 2.7pts
    CIR 37.5% 4.9pts 37.2% 4.4pts
    Earnings per share (€) 2.65 20% 5.19 20%
    Liquidity Coverage Ratio (LCR) 237% 17pts 237% 17pts

    Earnings presentation
    BAWAG Group will host the earnings call with our CEO Anas Abuzaakouk and CFO Enver Siručić at 10 a.m. CEST on 23 July 2025. The webcast details are available on our website under Financial Results | BAWAG Group.

    About BAWAG Group
    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving our over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Ireland, the United Kingdom, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need.

    BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward-looking statement
    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications & Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network –

    July 23, 2025
  • MIL-OSI: Equinor second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Equinor (OSE:EQNR, NYSE:EQNR) delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. Equinor reported a net operating income of USD 5.72 billion and a net income of USD 1.32 billion. Adjusted net income* was USD 1.67 billion, leading to adjusted earnings per share* of USD 0.64.

    Solid financial results

    • Strong operational performance and production growth
    • Higher US onshore gas production capturing higher prices
    • Stable cost and capex in line with guidance
    • Balance sheet remains robust through lower price environment

    Strategic progress

    • Delivered key milestones on Johan Castberg, Johan Sverdrup phase 3 and Fram South/Troll
    • Announced divestment of the Peregrino field in Brazil for USD 3.5 billion
    • Financial close of Baltyk 2 & 3 offshore wind projects in Poland
    • Empire Wind 1 project development back in execution. Impairments driven by regulatory changes for future offshore wind projects leading to a loss of future synergies on South Brooklyn Marine Terminal, and increased exposure to tariffs

    Capital distribution

    • Ordinary cash dividend of USD 0.37 per share, third tranche of share buy-back of up to USD 1.265 billion
    • Expected total capital distribution of USD 9 billion in 2025

    Anders Opedal, President and CEO of Equinor ASA:

    “We are on track to deliver production growth in 2025 in line with our guidance. Strong operational performance and Johan Castberg reaching plateau are key contributors this quarter. In today’s volatile markets we stay committed to being a long-term energy provider to Europe.”

    “Last year, we strengthened our onshore gas portfolio in the US and this has created substantial value this quarter, with a fifty percent increase in gas production at prices almost eighty percent higher than the same time last year.“

    “We continue to progress our portfolio in renewables, and the Empire Wind 1 project development is back in execution. We have reached financial close for the Baltyk 2 & 3 offshore wind projects in Poland at favourable terms, contributing to strong returns.”

    Solid production

    Equinor delivered a total equity production of 2,096 mboe per day in the second quarter, up 2% from 2,048 mboe in the same quarter last year.

    On the Norwegian continental shelf the operational performance was strong. New production from the Johan Castberg field reaching plateau and Halten East contributed. Together, this offset natural decline, impact from the turnaround at Hammerfest LNG and maintenance at the Kollsnes processing plant.

    The acquisition of additional interests in US onshore assets in 2024, and higher production from these assets, contributed to a 28% increase in oil and gas production from US in the second quarter, compared to the same period last year.

    The production from the international upstream segment, excluding US, is down compared to the same quarter last year, due to exits from Nigeria and Azerbaijan in 2024. Higher production in Brazil, and new wells in Argentina and Angola, contributed positively.

    The total power generation from the renewable portfolio was 0.83 TWh. The increase compared to second quarter last year is due to ramp up of power production from Dogger Bank A and new production from the onshore wind farm Lyngsåsa in Sweden which was acquired in first quarter 2025.

    In the quarter, Equinor completed 5 offshore exploration wells on the NCS with 2 commercial discoveries.

    Strong financial results

    Equinor delivered an adjusted operating income* of USD 6.53 billion and USD 1.74 billion after tax* in the second quarter of 2025. The results are affected by lower liquids prices, which were partially offset by higher gas prices and higher production.

    The reported net operating income of USD 5.72 billion is down from USD 7.66 billion in the same quarter last year. This is impacted by an impairment of USD 955 million due to regulatory changes causing loss of synergies from future offshore wind projects and increased exposure to tariffs. Of this, USD 763 million is related to Empire Wind 1/South Brooklyn Marine Terminal project and the remainder is related to the Empire Wind 2 lease.

    Equinor realised a European gas price of USD 12.0 per mmbtu and realised liquids prices were USD 63.0 per bbl in the second quarter.

    Adjusted operating and administrative expenses* are stable from the same quarter last year.

    Strong operational performance generated cash flows provided by operating activities, before taxes paid and working capital items, of USD 9.17 billion for the second quarter.

    Equinor paid two NCS tax instalments totalling USD 6.85 billion in the quarter. From August, the payments of tax on the NCS will be changed to ten installments annually, and for third quarter Equinor expects to pay two installments of NOK 19.7 billion each.

    Cash flow from operations after taxes paid* ended at USD 1.94 billion.

    Organic capital expenditure* was USD 3.40 billion for the quarter, and total capital expenditures were USD 3.58 billion.

    The net debt to capital employed adjusted ratio* was 15.2% at the end of the second quarter, compared to 6.9% at the end of the first quarter of 2025. The calculation of net debt ratio includes the effect of the Norwegian state’s share of the share buy-back, at USD 4.26 billion paid in July.

    Strategic progress

    Since the end of the last quarter, Equinor progressed projects to facilitate long-term production and value creation on the Norwegian continental shelf. The plan for development and operation on Fram South was submitted and final investment decision was made on Johan Sverdrup phase 3 in the North Sea which are  expected to increase the recoverable volumes from the field by 40-50 million boe.

    After less than three months in production, the Johan Castberg field in the Barents Sea reached plateau on 17 June. The same month, an oil discovery estimated at approximately 9-15 million barrels was made in the area and can contribute with additional reserves for the field.

    Equinor and Centrica signed a long-term gas sales agreement of 55 TWh of natural gas per year for a period of 10 years, demonstrating the importance of long-term gas supplies from the NCS to support the UK’s energy security.

    Equinor continues to high-grade its international portfolio. In the quarter, the sale of the Peregrino field in Brazil for USD 3.5 billion was announced. Equinor will focus on the start-up of the Bacalhau field expected on stream later in 2025 and progressing the Raia gas project. New exploration acreage in the Santos basin was awarded.

    Financial close was announced on the Baltyk 2 and Baltyk 3 offshore wind projects with financing packages totalling EUR 6 billion. The wind projects are located offshore Poland with an expected total capacity of 1.4 GW.

    Competitive capital distribution

    The board of directors has decided a cash dividend of USD 0.37 per share for the second quarter of 2025, in line with communication at the Capital Markets Update in February.

    Expected total capital distribution for 2025 is USD 9 billion, including a share buy-back programme of up to USD 5 billion. The board has decided to initiate a third tranche of the share buy-back programme of up to USD 1.265 billion. The tranche will commence on 24 July and end no later than 27 October 2025.

    The second tranche of the share buy-back programme for 2025 was completed on 17 July 2025 with a total value of USD 1.265 billion.

    All share buy-back amounts include shares to be redeemed by the Norwegian state.

    – – –

    *For items marked with an asterisk throughout this report, see Use and reconciliation of non-GAAP financial measures in the Supplementary disclosures.

    – – –

    Further information from:

    Investor relations
    Bård Glad Pedersen, Senior vice president Investor relations,
    +47 918 01 791 (mobile)

    Press
    Sissel Rinde, Vice president Media relations,
    +47 412 60 584 (mobile)

    This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

    Attachments

    • Equinor Second quarter 2025 Financial Statements and Review
    • CFO presentation – Second quarter 2025 results

    The MIL Network –

    July 23, 2025
  • MIL-OSI Russia: NSU Advanced Engineering School Launches Three Advanced Training Programs as Part of the National Project “New Materials and Chemistry”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    The NSU Advanced Engineering School has launched three unique advanced training programs within the framework of the national project “New Materials and Chemistry”. These courses are aimed at training specialists capable of solving critical import substitution problems in high-tech industries. The training is free thanks to a state subsidy.

    The national project “New Materials and Chemistry” sets an ambitious goal: to achieve technological independence of Russia in the production of chemical products, advanced materials and rare earth metals by 2030. To do this, it is necessary to train a new generation of personnel – engineers who are proficient in digital design tools and capable of implementing innovations.

    NSU PISh was among the winners of the competition of the Ministry of Education and Science of the Russian Federation for the provision of subsidies for the implementation of educational programs. Director of NSU PISh Sergey Golovin noted:

    — The training of elite engineers is carried out through a project approach with the participation of high-tech companies. These courses are a tool for closing the personnel shortage in strategic sectors of the economy.

    The courses were developed jointly with industrial partners – enterprises of the petrochemical cluster, and cover popular areas of CFD modeling.

    Basic Course on Modeling Flow Dynamics in Ansys Fluent CFD Package 

    The ANSYS software suite is an advanced suite of computer-aided engineering modeling tools that uses the finite element method.

    The main objective of this course is to introduce students to the basic principles of CFD (computational fluid dynamics) modeling. Three main stages can be distinguished: preprocessing — preparation of a geometric model, creation of a finite element mesh, setting the physical properties of the medium, initial and boundary conditions; calculation stage, postprocessing — visualization and interpretation of the obtained calculation results, assessment of the adequacy of the selected model. The course covers all stages of hydrodynamics modeling in the Ansys environment. As a result, each participant in the program will be able to solve several problems from start to finish using the Ansys Fluent package.

    Video about the course 

    Computer simulation of reactive flows in the Ansys Fluent software package

    Ansys Fluent can be used to simulate a wide range of chemical processes.

    There are several approaches to mathematical modeling of chemical processes. This course examines an approach that simultaneously calculates both flow hydrodynamics and chemical transformations. This is possible using the Ansys Fluent package, a modern and versatile software suite that allows you to take into account the flow of the medium, the thermal processes that occur during this, as well as chemical transformations during reactions and combustion. Students will not only learn about the theoretical foundations of mathematical models, but will also solve several problems – from creating a geometric model and constructing a grid to performing calculations and processing the results.

    Video about the course

    Course on modeling heat transfer processes in the CFD package Ansys Fluent

    All types of heat transfer, such as conduction, convection and radiation, can be calculated in the Ansys Fluent software package.

    There are three types of heat exchange: conduction, convection and radiation. The course offers basic mathematical models for all of the above processes. Using the example of such problems as mixing liquids of different temperatures, heating a thick-walled closed metal cell with air, and propagation of a rectilinear radiation beam, students will learn about choosing physical models in the Ansys Fluent PC, setting the physical properties of the medium for such problems, and will gain experience in solving them and processing the results. The course will be an excellent starting point for modeling heat exchange problems in hydrodynamics.

    Video about the course

    The courses are designed for students and citizens of the Russian Federation with higher or secondary specialized education. All programs are conducted remotely with a flexible schedule. Upon completion of training, participants receive a state-issued certificate of advanced training.

    You can choose a course and register by link

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI Asia-Pac: LCQ21: Schemes for attracting talents and capital to Hong Kong

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Elizabeth Quat and a written reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (July 23):
     
    Question:
     
         At present, there are nine schemes mainly for attracting talents and capital to Hong Kong, including the Top Talent Pass Scheme (TTPS), the General Employment Policy (GEP), the Admission Scheme for Mainland Talents and Professionals (ASMTP), the Quality Migrant Admission Scheme, the Immigration Arrangements for Non-local Graduates, the Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents, the New Capital Investment Entrant Scheme, the Technology Talent Admission Scheme and the Vocational Professionals Admission Scheme (such talent admission schemes). In addition, the Immigration Facilitation Scheme for Visitors Participating in Short-term Activities in Designated Sectors (the STV Scheme) was introduced on June 1 last year to provide immigration facilitation to visitors invited/sponsored by authorised host organisations for undertaking specified short-term activities which are beneficial to the Hong Kong Special Administrative Region. In this connection, will the Government inform this Council:
     
    (1) of the respective numbers of applications received and approved by the authorities under such talent admission schemes from June to last month, as well as the respective incomes involved;

    (2) of the distribution of the regions or countries of applicants admitted to Hong Kong each year since the implementation of the TTPS;

    (3) among applicants admitted to Hong Kong through such talent admission schemes in each of the past three years, of the respective numbers of those who were engaged in the area of innovation and technology, with a breakdown by such talent admission schemes;

    (4) of the respective numbers of persons who were approved to take up short-term employment in Hong Kong through the GEP and the ASMTP in each of the past five years, as well as the respective distribution of their industries/sectors; apart from these two schemes, whether the Government will explore the introduction of other measures or schemes to enable non-Hong Kong residents to apply for short-term employment in Hong Kong (i.e. the limit of stay is not more than 180 days);

    (5) of the respective numbers of applicants admitted to Hong Kong since the implementation of the STV Scheme, the distribution of their regions or countries and their designated sectors;

    (6) whether the authorities have plans to expand the list of authorised host organisations and/or designated sectors under the STV Scheme; if so, of the details; if not, the reasons for that; and

    (7) as it is learnt that the introduction of a series of new policies by the United States (US) Government in recent years, including tightening the visa regime and substantially reducing research funding, has led to a large number of local scientific researchers (especially Chinese scientists) considering leaving the US, of the Government’s measures (including whether it will introduce targeted talent admission schemes or measures) to support local universities in striving to attract such top-notch overseas scientists to Hong Kong for development?

    Reply:
     
    President,
     
         The Government has been implementing various admission schemes to attract talents and capital investors, actively trawling for professionals, entrepreneurs and individuals with substantial assets. This is to enrich the local talent pool and bring in more new capital to Hong Kong, so as to enhance Hong Kong’s overall competitiveness, and promote the diversified and innovative development of the local economy.
     
         Our reply to the Member’s question, in consultation with the Security Bureau (SB), the Education Bureau (EDB), the Innovation, Technology and Industry Bureau, the Financial Services and the Treasury Bureau, and the Immigration Department (ImmD), is as follows:

    (1) Since June 1 last year and up to end-June this year, more than 190 000 applications were received under the Top Talent Pass Scheme (TTPS), the General Employment Policy (GEP), the Admission Scheme for Mainland Talents and Professionals (ASMTP), the Quality Migrant Admission Scheme (QMAS), the Immigration Arrangements for Non-local Graduates, the Admission Scheme for the Second Generation of Chinese Hong Kong Permanent Residents, and the Technology Talent Admission Scheme (TechTAS). Among them, nearly 140 000 applications were approved. A breakdown of the relevant statistics is at Annex 1. The Vocational Professionals Admission Scheme will only begin to accept applications from mid-2026 onwards upon graduation of the first batch of students from eligible full-time Higher Diploma programmes.

         Under the New Capital Investment Entrant Scheme (New CIES), Invest Hong Kong is responsible for assessing whether the applications fulfil the relevant financial requirements, and the ImmD is responsible for assessing the applications for visa/entry permit, extension of stay and unconditional stay. From June 1 last year to end-June this year, the ImmD received a total of 1 295 applications under the New CIES, of which 673 were approved. The ImmD does not maintain the statistics on the income generated from applications and visa fees under various schemes mentioned in the question.

    (2) The TTPS, which aims to attract individuals with high-income or bachelor’s degree graduates from top universities, has received enthusiastic responses since its launch in end-2022. As at end-June this year, about 135 000 applications were received, of which nearly 109 000 were approved. About 40 per cent (about 32 000) applicants in Categories B and C graduated from bachelor’s degree programmes offered by top overseas universities. The breakdown of the numbers of the applications approved under the TTPS by regions of the applicants and the eligible universities from which they graduated is at Annex 2.

    (3) In the past three years, among the around 76 000 and 57 000 applications approved under the GEP and the ASMTP respectively, the numbers of approved applicants working in innovation and technology (I&T) related fields are 1 654 and 4 006 respectively. Under the QMAS, among the around 27 000 approved cases which successfully passed the selection exercise in the past three years, 8 021 applicants were in I&T-related fields. As for the TechTAS, which aims to attract technology talents to come to undertake research and development work in Hong Kong, a total of 334 applicants were approved in the past three years, all working in the I&T field.

         Regarding the TTPS, the ImmD adjusted the application procedures on March 1, 2023, requiring applicants with work experience to declare the sectors of their occupations. From March 2023 to end-June this year, 26 211 applicants out of nearly 100 000 approved applications declared that their previous occupations were in I&T-related fields.

         For other talent admission schemes referred to in the question, applicants are not required to have secured offers of employment in Hong Kong upon application, nor are they required during the validity period of the first visas to notify the ImmD after they are employed or have established/joined in business in Hong Kong. Given the nature of the scheme, the New CIES does not require applicants to declare their occupational backgrounds. The ImmD does not maintain the statistics on the industries engaged by successful applicants under other schemes when they first arrived in Hong Kong.

    (4) In the past five years, over 112 000 applications were received under the GEP with over 103 000 approved. Of which, about 63 000 concerned short-term positions with contract duration of less than 12 months. The ASMTP received nearly 88 000 applications in the past five years. Of which, more than 77 000 were approved, and about 31 000 applications concerned short-term positions. The breakdown of the numbers of cases approved for short-term positions under the two schemes by industry/sector are at Annex 3.

         Enterprises with job vacancies and facing difficulties to fill the vacancies in local recruitment may apply under the above two employment-tied schemes to employ outside talents with special skills, knowledge or experience not readily available in Hong Kong to take up short-term or long-term employment in Hong Kong.

         With a view to facilitating business, promoting the development of the relevant sectors and raising Hong Kong’s international profile, the Government also launched the Pilot Scheme on Immigration Facilitation for Visitors Participating in Short-term Activities in Designated Sectors (Pilot Scheme) in June 2022, and regularised the Pilot Scheme to the Immigration Facilitation Scheme for Visitors Participating in Short-term Activities in Designated Sectors (STV Scheme) in June 2024. Under the Pilot Scheme/STV Scheme, organisations authorised by the relevant government bureaux or departments can issue invitation letters to relevant non-local talents in their sectors. Invited persons may come to Hong Kong to participate in specified short-term activities as visitors without the need to apply for employment visas or entry permits from the ImmD. They may participate in the specified short-term activities for up to 14 consecutive calendar days during each trip to Hong Kong, and receive remuneration for the specified activities concerned.

         The above schemes have already met the needs of local enterprises in recruiting outside talents to take up short-term employment in Hong Kong. There is no plan now to introduce more measures or schemes for non-local residents to apply for short-term positions in Hong Kong.

    (5) and (6) At present, the STV Scheme covers 12 sectors with a total of some 400 authorised organisations. As of end-March 2025, the Pilot Scheme/STV Scheme had benefited a total of nearly 34 000 non-local talents, facilitating their entry into Hong Kong as visitors to participate in various short-term events and activities. The statistics by sector and the beneficiaries’ place of origin are at Annex 4.

         The SB indicates that to ensure the scheme keeping pace with the times, the Government reviews the coverage of the Pilot Scheme/STV Scheme from time to time, with a view to ensuring that it can continue to effectively achieve the relevant policy objectives. Since the launch of the Pilot Scheme, the Government expanded the scheme twice in February 2023 and June 2024, by adding two new sectors, namely “Finance” and “Development and Construction”, to the original 10 designated sectors, with the addition of authorised organisations to over 400 at present. The Government will continue to monitor the implementation of the STV Scheme and the views of relevant departments and the sectors, as well as to review the coverage of the STV Scheme in a timely manner.

    (7) In the light of the changes in the global higher education landscape, the EDB has promptly called on all universities in Hong Kong to introduce facilitation measures for affected students and scholars with a view to safeguarding their legitimate rights and interests. As for the affected researchers, the EDB has all along been encouraging various institutions to attract top-notch talents in accordance with their diversified talent policies. The EDB is pleased to see that the local universities have been responding proactively and closely monitoring the situation, and have fully utilised the Government’s facilitation initiatives that support the capacity expansion and quality enhancement of post-secondary institutions in Hong Kong. The Government will continue to keep an eye on the development and, having regard to their needs, consider support measures in a holistic approach, including gradually increasing the number of places under the Hong Kong PhD Fellowship Scheme to attract more top scholars to Hong Kong, so as to give full play to Hong Kong’s role as an international post-secondary education hub.

         Meanwhile, the Government is committed to promoting Hong Kong’s development into an international I&T centre and has been adopting a multi-pronged approach in providing more quality employment and development opportunities to pool together global I&T talents. For instance, the InnoHK Research Clusters (InnoHK) have pooled together about 2 500 researchers locally and from all over the world. The Government is taking forward the establishment of the third InnoHK research cluster, SEAM@InnoHK, focusing on sustainable development, energy, advanced manufacturing and materials, which is expected to bring in more talents.

         Besides, the Government has secured funding approval from the Legislative Council in May 2025 for the establishment of the $3 billion Frontier Technology Research Support Scheme (FTRSS), which is aimed at supporting, through matching funds, the eight universities funded by the University Grants Committee to attract international top-notch researchers for conducting research projects on frontier technology in Hong Kong and enhance basic research facilities. It is the plan to launch the FTRSS in September 2025. The Government has also set aside $6 billion to support local universities to set up Life and Health Technology Research Institute(s) to foster multi-disciplinary co-operation among universities/research institutions from Hong Kong, the Mainland and overseas, and attract top-notch scholars and scientists to Hong Kong.

         At present, top international scholars, scientists and researchers can apply for entry into Hong Kong under suitable talent admission schemes according to their own circumstances. There is no need to set up a separate talent admission scheme. If meeting the relevant professional qualifications in the Talent List, they can also enjoy immigration facilitation when applying for entry into Hong Kong under the relevant schemes. Among the various schemes, the TechTAS specifically targets the admission of non-local technology talents to Hong Kong for research and development work, and processes applications from eligible companies expeditiously.

    MIL OSI Asia Pacific News –

    July 23, 2025
  • Trump pulls US out of UN cultural agency UNESCO for second time

    Source: Government of India

    Source: Government of India (4)

    President Donald Trump has decided to pull the United States out of the “woke” and “divisive” U.N. culture and education agency UNESCO, the White House said on Tuesday, repeating a move he took in his first term that was reversed by Joe Biden.

    The withdrawal from the Paris-based agency, which was founded after World War Two to promote peace through international cooperation in education, science, and culture, will take effect at the end of next year.

    The move is in line with the Trump administration’s broader “America-first” foreign policy, which includes a deep skepticism of multilateral groups, including the United Nations, the World Trade Organization, and the NATO alliance.

    White House spokeswoman Anna Kelly said UNESCO “supports woke, divisive cultural and social causes that are totally out-of-step with the commonsense policies that Americans voted for.”

    The State Department accused UNESCO of supporting “a globalist, ideological agenda for international development at odds with our America First foreign policy”.

    It said its decision to admit the Palestinians as a member state was “highly problematic, contrary to U.S. policy, and contributed to the proliferation of anti-Israel rhetoric.”

    UNESCO chief Audrey Azoulay said she deeply regretted Trump’s decision, but it was “expected, and UNESCO has prepared for it.”

    Posting on X, French President Emmanuel Macron professed “unwavering support” for the “universal protector” of world heritage and said the U.S. move would not weaken France’s commitment to UNESCO.

    UNESCO officials said the U.S. withdrawal would have some limited impact on U.S.-financed programs.

    Azoulay said UNESCO had diversified funding sources, receiving only about 8% of its budget from Washington.

    UNESCO was one of several international bodies Trump withdrew from during his first term, along with the World Health Organization, the Paris Agreement climate change accord, and the U.N. Human Rights Council. During his second term, he has largely reinstated those steps.

    Trump’s pick to be his U.N. envoy, Mike Waltz, said this month the United Nations needs reform while expressing confidence that “we can make the U.N. great again.”

    ISRAEL PRAISES US ‘MORAL SUPPORT AND LEADERSHIP’

    Israel welcomed the U.S. decision with its U.N. ambassador, Danny Danon, accusing UNESCO of “consistent misguided anti-Israel bias.”

    In a post on X, Israel’s Foreign Minister Gideon Sa’ar, thanked Washington for its “moral support and leadership” and said that “Singling out Israel and politicization by member states must end, in this and all professional UN agencies.”

    U.S. Senator Jeanne Shaheen, the senior Democrat on the Republican-controlled Senate Foreign Relations Committee, called Trump’s decision “short-sighted and a win for China,” which she said became the largest financial contributor to UNESCO after Trump last withdrew from the agency.

    UNESCO officials said all relevant agency statements had been agreed with both Israel and the Palestinians over the past eight years.

    Azoulay said the U.S. had given the same reasons for its pullout as it had seven years ago “even though the situation has changed profoundly, political tensions have receded, and UNESCO today constitutes a rare forum for consensus on concrete and action-oriented multilateralism.”

    “These claims also contradict the reality of UNESCO’s efforts, particularly in the field of Holocaust education and the fight against antisemitism,” she added.

    The United Nations Educational, Scientific and Cultural Organization is best known for designating World Heritage Sites, including the U.S. Grand Canyon and Egypt’s pyramids.

    It lists 26 sites in the United States, including the Statue of Liberty, on its World Heritage List which highlights 1,248 global locations of “outstanding universal value.”

    Washington has had a troubled relationship with UNESCO over the years.

    It was a founding member in 1945 but first withdrew in 1984 to protest alleged financial mismanagement and perceived anti-U.S. bias during the Cold War.

    It returned in 2003 under President George W. Bush, who said UNESCO had undertaken needed reforms, but in 2011 the Obama administration announced it was stopping funding for the agency following its vote to grant the Palestinians full membership.

    Trump’s first administration announced in 2017 it was quitting after accusing UNESCO of anti-Israeli bias, with Washington owing $542 million in dues, before former President Biden reversed the decision in 2023.

    (Reuters)

    July 23, 2025
  • MIL-OSI Russia: Financial Literacy Marathon to Be Held in Zaryadye Park in August

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    At the forum-festival “Territory of the Future. Moscow 2030” A financial literacy marathon will be held from August 8 to 24. This was reported by Elena Zyabbarova, Minister of the Moscow Government, head of the capital’s Department of Finance.

    The Zapovednoye Posledstvo and the small amphitheater in Zaryadye Park will become the centers of financial education in Moscow.

    “Moscow invests in people and continues to develop projects that shape the financial culture of city residents. A bright and large-scale event of the summer in the city will be the financial literacy marathon. Over 350 various events will be held in Zaryadye Park over 17 August days – from interactive games, master classes and quizzes to financial cartoons, film lectures and humorous monologues. The marathon program is designed to meet the interests of all age groups. It does not matter whether you are a schoolchild, a student, a parent, an entrepreneur or a representative of the older generation – everyone will find a clear, useful and interesting format for improving financial literacy. We are especially looking forward to seeing young people at the marathon. Through games, technology and communication, we will help you learn how to manage your finances easily and interestingly. These skills will be needed in everyday life, will allow you to build your future and develop the city,” said Elena Zyabbarova.

    Marathon for everyone

    For children aged six to 10, the organizers have prepared a special program. It includes events of various formats – financial cartoons, interactive game classes, master classes and quizzes. Young guests in the company of their peers, experts and teachers will learn what money is and how to use it correctly, learn to plan purchases, and will be able to set their first financial goals in life and achieve them.

    Children aged 11 to 14 will discuss topics of digital and tax literacy, financial security, fraud, banking products and services. Participants will gain theoretical knowledge and practical skills that will help them feel more confident when making important decisions in the family and understand that financial literacy is very important for achieving success and prosperity in the future. Board games and quizzes will give them the opportunity to demonstrate their erudition, imagination and resourcefulness – both individually and in teams.

    Young and adult visitors will meet not only practicing experts from the financial sphere, but also representatives of other professions, media personalities and popular bloggers. Using examples from their practice and personal life, they will show that finances are not only a budget, income and expenses, but also our habits, attitudes, desires and life goals.

    Together with the guests, the experts will analyze practical situations and give advice on managing personal finances. In addition, they will tell you how to skillfully avoid various traps, touch on the topic of the psychology of the family budget, answer current questions and help you look at yourself from the outside with humor.

    The marathon program also includes theme days. For example, guests can expect Savings and Investments Day, Long-Term Planning Day, Financial Security Day, Responsible Borrowing Day, and Entrepreneurship Day.

    Conversational robots and virtual reality

    In addition to educational events, guests will also be entertained. Digital tools will be used for this purpose at the marathon site. Guests of the “Zapovedny Posledstvo” will be greeted by robotic cats and robotic dogs, with whom they can play and take memorable photos.

    Android robots will tell visitors the schedule of events, talk about finances and family budgets. A robot artist will draw a portrait of a financially literate person of the future, and robot bartenders will treat them to drinks. In a futuristic “laboratory” Muscovites will be able to take a financial DNA test, and on the “Catch a Fraud” slot machine – check their reaction.

    Visitors will also be offered to take a financial test to assess their own knowledge. After answering a few questions, they will receive personal recommendations and links to useful materials for further self-education.

    In the virtual reality simulator area, those who wish can hone their skills in managing personal finances. Here you can try yourself in the role of a tax consultant or a bank employee and learn how to recognize fraudsters and check the reliability of organizations.

    Interactive art objects will help to understand the strategic importance of financial literacy and the practical benefits of knowledge, and time capsules will help to set an important goal. Photos with the marathon mascot, Murrfin, will help to preserve vivid memories and emotions.

    All events will be free, but pre-registration is required to attend. The most active participants will receive surprises and memorable souvenirs.

    You can find out more and find the program of events at the “Zapovedny Posledstvo” on the official website of the forum-festival “Territory of the Future. Moscow 2030”. Information about events in the small amphitheater of Zaryadye Park is also available onwebsite. You can also follow the news of the financial literacy marathon in the telegram channel “Open Budget of Moscow”.

    “Territory of the Future. Moscow 2030” is an opportunity to get acquainted with the future on a citywide scale by trying out its technologies that are already being used in the capital today. Children and adults will be able to communicate with robots and artificial intelligence, watch modern unmanned transport in action, play on technologically advanced sports grounds, study educational, medical and industrial innovations, immerse themselves in VR space and discover much more.

    A large-scale forum-festival will be held within the framework of the project “Summer in Moscow”. From August 1 to September 14, dozens of venues will host cultural, sports, educational and other events dedicated to the development of one of the most modern megacities in the world. Information about the venues and a detailed program are available on the official website of the forum-festivalMoskov 2030.mos.ru.

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

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI USA: Cassidy Introduces Bill to Examine National Security Threat Posed by Debt

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the National Net Interest is National Security Act to analyze the threats that current trajectories of the national debt and net interest pose to national security.
    “We spent $882 billion last year on interest on our debt. That means less money for our nation’s defense,” said Dr. Cassidy. “This bill makes sure Congress gets the facts before our national security is in danger.”
    Specifically, the National Net Interest is National Security Act would require:

    Within one year, as a part of the National Defense Strategy, the Treasury Secretary and Secretaries of Defense and State must send Congress a report on how the growing national debt and rising interest payments could threaten national security, including: 

    The impact on defense discretionary spending;
    Revenue received by the federal government;
    The capacity to operate an efficient and effective response for national defense;
    The capacity to respond to emerging and future geopolitical threats and crises;
    The capacity to respond to economic depressions and recessions, or other economic crises;
    Meet mandatory spending obligations, including Social Security and Medicare/Medicaid;
    The impact on the U.S. Dollar in global financial markets, global reserves currency status, and international exchange rates;
    And the impact on the U.S. credit rating, inflation, and interest rates; and,
    Any recommendations the Secretary may have for legislative action to reduce national security risks related to the national debt and net interest. 
    This legislation would also require the Comptroller General of the Government Accountability Office (GAO) to include matters relating to threats posed to national security by the increases of the national debt and national net interest to matters on the High-Risk List of the GAO.

    Cassidy was joined by U.S. Senator Gary Peters (D-MI) in introducing this legislation.
    “As the high and rising debt threatens to crowd out vital national priorities, from private investment to public infrastructure to military readiness, we thank Sens. Cassidy (R-LA) and Peters (D-MI) for drawing attention to the need for immediate action to reduce deficits, through their bipartisan introduction of theNational Net Interest is National Security Act of 2025,” says Michele Stockwell, president of Bipartisan Policy Center Action (BPC Action).

    MIL OSI USA News –

    July 23, 2025
  • MIL-OSI Banking: Secretary-General of ASEAN visits the AIIB Headquarters

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Headquarters of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China, and was received by the President of AIIB, Jin Liqun. They exchanged views on areas of mutual interest and opportunities to strengthen cooperation between ASEAN and AIIB, particularly in advancing regional connectivity including on sustainable infrastructure, the ASEAN Power Grid, and the digital economy. SG Dr. Kao looked forward to the AIIB’s continued support for ASEAN and ASEAN Member States in achieving a resilient, innovative, dynamic, and people-centred ASEAN by 2045.

    The post Secretary-General of ASEAN visits the AIIB Headquarters appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    July 23, 2025
  • MIL-OSI Banking: Secretary-General of ASEAN visits the AIIB Headquarters

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Headquarters of the Asian Infrastructure Investment Bank (AIIB) in Beijing, China, and was received by the President of AIIB, Jin Liqun. They exchanged views on areas of mutual interest and opportunities to strengthen cooperation between ASEAN and AIIB, particularly in advancing regional connectivity including on sustainable infrastructure, the ASEAN Power Grid, and the digital economy. SG Dr. Kao looked forward to the AIIB’s continued support for ASEAN and ASEAN Member States in achieving a resilient, innovative, dynamic, and people-centred ASEAN by 2045.

    The post Secretary-General of ASEAN visits the AIIB Headquarters appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

    July 23, 2025
  • MIL-OSI Australia: Doorstop – Parliament House, Canberra

    Source: Murray Darling Basin Authority

    JASON CLARE, MINISTER FOR EDUCATION: Thanks very much for coming along. Today’s a big day. Today, I’ll introduce two pieces of legislation. The first, to cut student debt by 20 per cent; and the second, to cut funding to childcare centres that aren’t up to scratch, that aren’t meeting the sort of minimum standards that parents need and that our children deserve.

    The first piece of legislation to cut student debt by 20 per cent is something that we promised, I think, every day of the election campaign in every part of the country. It means cutting the debt of three million Australians. A lot of those are young Australians. Often young people don’t see themselves on the ballot paper when they go to vote, but a lot of young people did at this election, and they voted for it in their millions. The impact of this legislation is that for the average person with a student debt, they’ll see their debt cut by about $5,500. That’s a big deal. That’s a lot of weight off their back, and it will help a lot of young people that might be just out of uni, just out of home, just getting started.

    The second piece of legislation that I’ll introduce is about giving the Commonwealth the powers that we need to be able to cut access to the child care subsidy for centres that aren’t up to scratch. I think the whole country has been sickened and shocked by the revelations that have come out of Victoria in the last few weeks, and a lot of work is needed to rebuild trust in a system that parents rely upon every single day – more than a million parents across the country – and this legislation is part of that. The biggest weapon that the Commonwealth has to wield here is the funding that we provide that enables child care centres to operate. It’s something like $16 billion a year, and that covers about 70 per cent of the cost of running the average child care centre. Child care centres can’t operate without it, and I think it’s fair, I think most mums and dads will think it’s fair, that if centres are repeatedly not meeting the sort of standards that we set for them, that we should have the power to be able to cut that funding off. This is not about shutting centres down. It’s about lifting standards up and giving us the powers to make that happen.

    I might pass to Andrew to talk in a little bit of detail about the cut to student debt by 20 per cent, and then ask Jess to talk a little bit more about the legislation that we’ll introduce today to be able to cut funding to centres that aren’t up to scratch.

    ANDREW GILES, MINISTER FOR SKILLS AND TRAINING: Thanks very much, Jason. From our very first day in office, the Albanese Labor Government has been committed to breaking down all of those barriers that have held back too many Australians from accessing education and training. And today, we take another really big step forward in that regard. I’m going to talk really to make two points about this. The first one is to recognise the significance, as Jason just laid out, of this first piece of legislation – a piece of legislation that we talked about constantly through the campaign, and indeed since the commitment was made some months before that. A commitment that really resonated with so many Australians, three million of whom will benefit from this cut. Real cost of living relief. Money back in the pockets of Australians who can do with that help and that message of reassurance. I want to say this, though – not only have we been listening to students in Australia, we’ve been listening to all of the students in tertiary education and apprentices too, because this is not just relief from HECS debt. It’s relief that will also support nearly 300,000 students with various VET loans. They will also benefit.

    And that leads me to the second point I want to make here. There really is never a better time than now to think about pursuing a VET pathway. At the same time that we made this commitment that Jason will be introducing in the form of legislation today, we also made our commitment to make Free TAFE permanent. And that has been an extraordinary success in turning around the skills crisis and breaking down another barrier that’s held back too many Australians from accessing skills. As of today, more than 170,000 Free TAFE courses have been completed. More than 650,000 enrolments have taken place. This is making a huge difference alongside so many other incentives, like the one that’s just rolled out for 1 July encouraging more people to pick up the tools and become a housing tradie. There is more to be done of course, but all of these commitments demonstrate our determination to do everything possible to deliver cost of living relief today, and to create more pathways for more Australians to get the skills they want to do the jobs that we need. I’ll hand over Jess to talk about the second bill.

    JESS WALSH, MINISTER FOR EARLY CHILDHOOD EDUCATION: Thanks very much, Andrew. Thanks very much, Jason. Well, every child deserves to be safe in early childhood education and care, and every parent deserves to know that their children are safe too. But it has been a really distressing time for children and their families as we see these revelations unfold in Victoria. It’s been distressing for parents. It’s been distressing for the vast majority of early childhood educators as well, who are just going into work every day to take the best care that they can of our nation’s children. We want to rebuild the confidence that our early learning centres are safe and that they do provide quality early education. And of course, the vast majority of our early learning services do that every single day. But there are some repeat offenders who continue to put profit ahead of child safety, and that’s what the legislation that we’re introducing today is targeted to deal with. We have a strong message for those providers who do put profit ahead of child safety, and that is that we want you to lift your game or to leave the sector.

    Our focus is going to be on helping those providers to lift their game, and this legislation will give us the tools to do that. It will allow us to withdraw Commonwealth Child Care Subsidy from those providers who persistently and consistently let families down. It gives us a strong stick that we’re willing to use to drive standards in early childhood education to deliver the quality and the safety that parents deserve.

    JOURNALIST: Minister Clare, the Minister has just spoken about this legislation being a stick to encourage providers to do the right thing. Are there any, what else is in this bill to actually help some of the providers to do more? I mean, some of the big providers have talked about needing more funds or assistance for training, for instance; for CCTV cameras and so forth. What else is in this bill beyond stick?

    CLARE: Well, this legislation is about giving the Commonwealth the power to cut off funding, cut off the childcare subsidy funding to centres that aren’t meeting that minimum standard, that are repeatedly not meeting that minimum standard. Now these centres know the standard they have to set, now they know what the consequences will be if they don’t meet it. The legislation also gives more power to the authorised officers in our department to be able to do spot checks of centres, particularly in the area of fraud. This is another area that is very serious that we’ve been working on, that I’ve been working on now for three years. The Government’s provided about an extra $220 million for fraud investigation of early education and care. It’s helped to claw back more than $300 million for the Australian taxpayer. This gives more power to our officers to be able to do spot checks without a warrant or without the AFP on board, but they will also be able to, if they spot safety concerns, pass that on to state regulators as well.

    Now, Josh, you make the point that this isn’t the only thing we need to do, and that is absolutely right. When education ministers meet next month, we’ll be talking about some of the things you just mentioned. A national educator register so that we can track workers from centre to centre and from state to state. I think the revelations in Victoria over the course of the last few weeks tell us exactly why this is so important. CCTV and the role that it can potentially play in deterring a bad person from doing heinous things and also helping police with their investigations, but also the sort of training, mandatory child safety training, that already exists in the courses but doesn’t exist in the classroom, doesn’t exist in centres, that can play a crucial role in helping to make sure that the 99.9 per cent of people who are good and honest and hardworking and care for and love our kids and educate our kids every day, the people who are aghast at what they’re reading in the newspapers and are angry that their profession is in the media for the wrong reasons, have the skills they need to spot a bad person before they act. To have the skills that they need to spot somebody who might be looking to do something terrible to children or to distract them from stepping in and stopping it from happening. So whether it’s the register, whether it’s training, or whether it’s CCTV or a bunch of other things that will come out, I’m sure of the rapid review in Victoria and the work that’s being done in New South Wales, all of that is on the table when education ministers meet next month.

    The other thing I should mention here for the sake of completeness is the Attorney-General will also meet with AGs across the country next month to look at the reforms that are needed that are long overdue to working with children checks.

    JOURNALIST: How many breaches of the minimum standards would take you to strip the childcare centre of its funding? What’s the threshold in the legislation?

    CLARE: State regulators can shut a centre down right now if they think there’s a real and imminent threat to childcare safety. So they can do that today. What this legislation gives us the power to do is to shut a centre down if we think they’re below the minimum standard and they’re not likely to get there or they’re not intending to get there. So we can issue a show cause notice and say you’ve got 28 days, give us a good explanation about why you’re not there or we will cut your funding. Alternatively, we might set some conditions on the centre and say you’ve got a period of time to reach that standard, to meet the requirements that the state regulator has told you to reach, potentially to employ a child safety expert in the centre to help you reach them. And as I said, I want centres to get to those standards. We don’t want to have to shut centres down. But also we want to make sure that parents know that if a centre has a show cause notice given to it, or it’s got conditions that are imposed upon it, that mums and dads at that centre deserve to know that we’ve done that and to be able to make a decision about where they want to send their kids.

    JOURNALIST: You just said that state and territory governments already have the power to shut down centres. What difference is this going to make now that the Commonwealth has that power as well?

    CLARE: Well, they have that power and they use it. This is an additional power to make sure that the centres, and there are a number of them that are not at that minimum standard, take the action that they need to take to lift their standards to the sort of standards that we set as a nation, that parents expect and that our children deserve.

    JOURNALIST: So do you think that state and territory governments haven’t been doing enough of that kind of putting that pressure and threatening to shut places down, or shutting places down, if you feel like the Commonwealth needs to step into this?

    CLARE: Well, states do that work now. They tell centres about the standards they expect them to meet, and sometimes centres don’t meet them, and the problem remains unfixed. This gives us the power to step in there where centres are just either deliberately or for whatever reason not meeting those sorts of standards. The bottom line, though, is we all need to do more here. States need to do more. The Commonwealth needs to do more. Centres need to do more as well.

    JOURNALIST: Minister, just on HECS, obviously this is a one-off cut, but what about future students? Is it not unfair to only have this one line in the sand and cut it by 20 per cent? What about the students of the future?

    CLARE: Look, I think there’s a lot of work to do to make our education system better and fairer. And there’s a lot of work to do to make our higher education system better and fairer. The fact is today about 50 per cent of young people have a uni degree, but not everywhere. Not where I grew up, not in the outer suburbs of our big cities, not in regional Australia, not amongst kids from poor and disadvantaged backgrounds. And I want to fix that. That’s what the Universities Accord is all about, and we’ve already taken steps to implement some of that report –

    JOURNALIST: Does that –

    CLARE: Hang on a second. Part of that’s Paid Prac that rolls out this month – financial support for the first time for teaching students and nursing students and midwifery and social work students while they do the practical part of their university degree. Part of it is also uncapping funding for the fee-free university bridging courses that help make sure that people that have finished high school, or maybe they haven’t finished high school and aren’t ready for a uni degree, are ready for it. Part of it is also changing the way that we fund universities. Over the course of the last 12 months or so, I’ve struck agreements with every state and territory to fix the funding of public schools, what David Gonski called for more than a decade ago. Now, what we’ll do next year is change the funding of universities, so it’s needs-based as well, and the funding follows the student. And so more funding flows to students from disadvantaged backgrounds and students from regional Australia, because we know that there is not just fewer young people from disadvantaged backgrounds starting a degree but fewer finishing a degree.

    It also means, and I’m sorry for the long answer, but this is a comprehensive piece of work, building and operating more university Hubs in our outer suburbs, in our regions. When I was a kid growing up, there were a lot of Macca’s logos and a lot of Westfield logos in Western Sydney, not a lot of uni logos. Uni felt like it was someplace else for somewhere else. And a lot of my mates just either dropped out of school or finished school, never thought of uni because they thought it wasn’t for them. I want to change that too. And that’s what those Hubs are about. But this Accord is big. It’s the work of multiple governments and multiple ministers. That’s why we’ve set up the Australian Tertiary Education Commission to act as a steward to drive long-term reform here. And there is more work to do. This is just the start.

    JOURNALIST: If I can just follow up on that. Does that mean some of those changes involve potentially cutting student fees into the future?

    CLARE: Well, the ATEC’s job is to look at all of that. Not just that, but all of that.

    JOURNALIST: Can I go back to child care? I’m obviously very mindful you’re introducing this legislation today and the national database, it does require sort of corralling the states and territories. It’s a tricky job. Can you wait for this much longer, for this meeting to happen in the middle of August or later in August for a three-year period? And then can I ask as well, what’s the timeline for fresh year is setting up the database? This would take some time, would it not?

    CLARE: Josh, the truth is this should have happened yesterday. And this can’t happen fast enough. And states are already taking steps to expand their existing teacher registers. Victoria is a good example of that, and they’ll have that stood up by the end of August. So where states do that, that’s good, but we need to join it up, because to make the system work the way it needs to work, we need to be able to track people not just from centre to centre, but from state to state. And if you want evidence of why that’s important, have a look at the Ashley Griffith case in Queensland from a couple of years ago.

    JOURNALIST: If I may, this is on another issue –

    CLARE: Yep, and then we’ll bounce back.

    JOURNALIST: When are we looking to see the Government’s 2035 emissions target, and can we expect a more ambitious target?

    CLARE: Oh, look, I’ll ask you to talk to Chris Bowen about that. I’m pretty busy today on some pretty important things.

    JOURNALIST: Just back on the future student stuff, the cost of an arts or humanities degree has almost doubled under the last government. Is that something you’re looking to change this term?

    CLARE: Really, it’s the same answer that I gave just a moment ago about the role of the ATEC.

    JOURNALIST: Could I just follow you up on one of the questions you asked a minute ago? What’s the timeline for setting up a register like this with the national database for the childcare workers? I mean, and I believe there was a Child Safety Authority report in 2013 that said investigations into –

    CLARE: 2023, I think, Josh?

    JOURNALIST: Maybe 2023. The problem is investigations into sexual assaults that were unsubstantiated, whether they would be included in a data set?

    CLARE: Two separate questions. We want to stand this up as quickly as possible, and I mentioned in my previous answer the work that states are doing, but ACECQA, the National Independent Authority, is doing that work about what the elements of the register need to involve, and that will be presented to ministers when we meet in August. On that second question, that’s something that attorneys will be looking at as part of the working with children checks.

    JOURNALIST: Is it time for a national watchdog in this space?

    CLARE: Well, one of the things that the Productivity Commission recommended when they provided us with a blueprint for reform of early education and care, and I touched on the Accord, which is the equivalent for higher education, is a national early education and care commission. And I’ve got an open mind about that. I’ve said that in the media last week. What that report said is we’ve got to do a number of things to build a better, a fairer and a safer early education and care system. One of those, the first of those, is to pay workers more. When you pay people more, more people want to and we’re seeing the evidence of that this year. That 15 per cent pay rise has meant that we’re now seeing more people come back to the sector and building a permanent workforce. Our kids will be safer if the workers are permanent, that they’re not moving in and out of centres all the time. So that pay rise is already reaping dividends for parents and for our children. It also recommended that we remove the activity test so kids from disadvantaged backgrounds don’t miss out on the value of early education and care. And it’s recommended a commission like this. In its report, it didn’t say that this would have a role in safety, but that doesn’t mean that it can’t. And this is something that we will look at in the future.

    JOURNALIST: It was already hard to get child care workers in Australia. I know that there’s been a pay rise since then. Are you concerned that people aren’t going to be choosing child care careers following the really heinous allegations that have come out?

    CLARE: I might ask Jess to comment on this as well because I know how dear this is to your heart. We want people to do this job. There aren’t many jobs in this country more important. They’re vested with the trust of our most precious things, our children. The little ones that walk through the door or are carried through the door of centres every single day. And that pay rise is doing what we really wanted it to do last year. We’re seeing the number of people applying to be an early education and care worker jump by, what is it, Jess, more than 20 per cent. The number of vacancies drop by about the same amount as well. That tells us if you pay people more, people want to do the job. And I do worry that these people who do this incredibly important job, one of them is my cousin, she’s worked in this sector for 35 years. I remember when my little guy first went into care, I said, ‘how do I pick a good centre?’ And she said, ‘go to the place where the people have been working there forever, where they don’t want to leave.’ That’s a great centre, but it’s also a safe centre. And if we want that to be everywhere, you’ve got to pay people better. A lot of people have been leaving to go and work at Bunnings and Woolies just because you could earn more. And so that’s why that pay rise is important and that’s why rebuilding trust and faith in in this service, in this system, is so important.

    WALSH: Thanks, Jason. Well, I think when Jason’s answered a question, there’s not much left to say. But I’ve been going out to early childhood education centres for the past few weeks and talking to educators as they grapple with this. And they are absolutely devastated and distressed by these allegations. But it’s not making them want to leave the sector. It’s making them determined to stay. These are the people who want to provide quality early childhood education. That is what they are there for. That is what they are going into work to do every single day. We do want to see more dedicated, committed early childhood educators in the sector. And that is exactly what is happening with the pay rise, a historic pay rise of 15 per cent that educators themselves advocated for years and years. The previous government didn’t take action on that front. It meant that early childhood educators were undervalued. It meant that in our first term of office the workforce was really in crisis. People were leaving the jobs that they love because they weren’t earning enough and love just doesn’t pay the bills. So what we’re seeing with this pay rise is people coming back to the sector. We’re seeing people stay in the sector and we’re seeing them able to provide that really high quality care that children deserve and that they want to provide. And again, that continuity in an early learning centre with educators is the absolute key to quality and safety. When educators know each other, when they know the children, when they know the families, that’s when we get quality, safe, early childhood education. This historic 15 per cent pay rise has been a game changer for that.

    CLARE: Thanks very much everybody.
     

    MIL OSI News –

    July 23, 2025
  • MIL-OSI Russia: Prime Ministers of Belarus and Tanzania held talks on promising areas of cooperation

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    MINSK, July 23 /Xinhua/ — Belarusian Prime Minister Aleksandr Turchin and his Tanzanian counterpart Kassim Majaliwa Majaliwa held talks in Minsk on Tuesday to develop political and interdepartmental dialogue, and discussed ways to develop bilateral trade and cooperation in food security, BelTA reported.

    During the meeting, A. Turchin noted that Belarus views Tanzania as an important partner in East Africa. “We see significant prospects for expanding cooperation in such areas as mechanical engineering, petrochemistry, medical, food and military-technical industries, tourism,” he noted and added that Belarus is ready to supply a wide range of quarry, road construction, municipal and fire-fighting equipment.

    Also, according to A. Turchin, Belarus is open to expanding supplies of coffee, tea, nuts, cotton, fruits and other products from Tanzania, including for processing and sale on the market of the Eurasian Economic Union.

    The Prime Minister of Tanzania noted that Belarusian business could consider opportunities for closer cooperation with the Tanzanian side in the agricultural sector. “The main focus should be on cooperation in the sphere of trade and economy,” he said.

    Following the negotiations, a number of agreements were concluded, in particular memorandums on political consultations, on cooperation in agriculture and on interaction in the field of education. A memorandum of cooperation was also signed between the Belarusian Chamber of Commerce and Industry and the Chamber of Commerce, Industry and Agriculture of Tanzania. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI USA: Case Opposes Public Lands And Natural Resources Funding Measure That Cripples Efforts To Combat Climate Change And Slashes Funds For National Parks

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, voted in full Committee today against the proposed Fiscal Year (FY) 2026 Interior Appropriations bill that cut $2.9 billion from programs and agencies that support public lands and our nation’s natural resources.   

    The Interior, Environment and Related Appropriations bill funds the U.S. Department of the Interior, including the National Park Service (NPS), U.S. Fish and Wildlife Service, U.S. Geological Survey, Environmental Protection Agency, U.S. Forest Service and various independent agencies including the National Endowments on Arts and the Humanities. The bill’s FY 2026 discretionary funding level is $38 billion. This is a decrease of $2.9 billion from the FY 2025 enacted level.  

    “While these measures fund many critical Hawai‘i and priorities I requested, I regrettably had to vote against this version because it cripples efforts to deal with climate change by defunding all of the climate work by the U.S. Environmental Protection Agency,” said Case. 

    “It further decimates public lands by slashing funding for the National Park Service and gutting key conservation agencies that protect our parks, forests and wildlife. It also undermines museums and cultural institutions, cutting support for the Smithsonian and slashing the arts and humanities by $72 million each.”

    In full Committee debate on the measure, Case voiced his strong opposition to the bill’s proposed $1.7 billion in cuts to federal support for Drinking Water and Clean Water State Revolving Funds (see remarks here: https://youtu.be/0w197WN4wys).

    These vital programs offer low-cost financing to local communities for a broad spectrum of water quality infrastructure projects. They have played a critical role in efforts to remediate Red Hill, including supporting technical assistance for source water protection, and are critical to continued maintenance of Hawaii’s drinking water quality. 

    “Red Hill reinforced all over again that in an island community our water systems are fragile and priceless,” Case said.  

    “We need sustained investment not just to meet the urgent demands of remediation, but to ensure the long-term safety, resilience, and sustainability of our water infrastructure. We cannot cut back now on the very programs that have made that possible over the last half century,” Case said. 

    Continued support for the State Revolving Funds is also essential to Hawaii’s ability to confront emerging contaminants like PFAS, or “forever chemicals,” which pose serious risks to public health and the environment. Furthermore, these funds are critical for moving forward on 38 high-priority water infrastructure projects across the state. These projects strengthen drinking water safety, improve wastewater treatment, and build long-term resilience in Hawaii’s water systems. Without adequate federal investment, many of these initiatives risk delay or cancellation, leaving our communities vulnerable. 

    However, the measure added several of Case’s priority requests, including: 

    ·         $5 million for U.S. Fish and Wildlife Service’s State of the Birds Activities to respond to the urgent needs of critically endangered birds that now face possible extinction. These funds will help save numerous endemic birds in Hawai‘i that have been devastated by climate change and avian malaria.  

    ·         $45 million for the U.S. Geological Survey Biological Threats and Invasive Species Research Program.  

    ·         $66 million for the U.S. Geological Survey’s Climate Adaptation Science Centers, which includes the Pacific Islands Climate Adaptation Science Center based out of the University of Hawai‘i-Mānoa. These centers provide regionally relevant scientific information, tools and techniques to resource managers and communities in Hawai‘i in response to our changing climate.  

    ·         $63 million for State Historic Preservation Offices, which will help preserve Hawaii’s treasured historic properties.

    ·         $80 million for State Fire Assistance, which provides financial and technical support directly to states to enhance firefighting capacity, support community-based hazard mitigation and expand outreach and education to homeowners and communities concerning fire prevention. 

    ·         $20 million for the Joint Fire Science Program, which supports a national collaboration of fire science exchanges providing science information to federal, state, local, tribal and private stakeholders.  

    ·         $5 million for Japanese Confinement Site Grants and funding for the Amache National Historic Site, which was one of ten incarceration sites established by the War Relocation Authority during World War II to detain Japanese Americans who were forcibly removed from their communities on the West Coast.  

    Through his assignment on the Committee, Case was also able to secure a Member-designated Community Project Funding (CPF) project of $1,092,000 for the Department of Hawaiian Homelands (DHHL) to upgrade the sewer infrastructure at Papakōlea.  

    “Papakōlea is the only Hawaiian Home Lands community located in central Honolulu with more than 300 homes and some 1,300 residents,” said Case. “As the infrastructure in Papakōlea ages, the sewer system has become susceptible to cracks, root intrusions and other defects that diminish the effectiveness of the service lines. My CPF will assist DHHL to work on a sewer line rehabilitation/replacement program for the community.” 

    The House’s CPF rules require that each project must have demonstrated community support, must be fully disclosed by the requesting Member and must be subject to audit by the independent Government Accountability Office. Case’s disclosures are here: https://case.house.gov/services/funding-disclosures.htm.  

    A summary of the bill is available here.  

    This is the eighth bill of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. The bill now moves on to the full House of Representatives for its consideration.

    ###

     

    MIL OSI USA News –

    July 23, 2025
  • MIL-OSI Banking: Money Market Operations as on July 22, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 6,13,605.52 5.69 4.75-6.60
         I. Call Money 17,157.62 5.62 4.75-5.80
         II. Triparty Repo 4,17,073.80 5.69 5.50-5.83
         III. Market Repo 1,76,684.55 5.69 5.00-5.90
         IV. Repo in Corporate Bond 2,689.55 5.90 5.84-6.60
    B. Term Segment      
         I. Notice Money** 140.50 5.48 4.95-5.70
         II. Term Money@@ 806.00 – 5.40-5.85
         III. Triparty Repo 1,820.00 5.66 5.40-5.70
         IV. Market Repo 0.00 – –
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Tue, 22/07/2025 1 Wed, 23/07/2025 13,273.00 5.75
    4. SDFΔ# Tue, 22/07/2025 1 Wed, 23/07/2025 63,745.00 5.25
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -50,472.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo Fri, 18/07/2025 7 Fri, 25/07/2025 2,00,027.00 5.49
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       8,574.40  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -1,91,452.60  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -2,41,924.60  
    G. Cash Reserves Position of Scheduled Commercial Banks          
         (i) Cash balances with RBI as on July 22, 2025 9,44,918.11  
         (ii) Average daily cash reserve requirement for the fortnight ending July 25, 2025 9,63,288.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ July 22, 2025 0.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on June 27, 2025 5,79,904.00  

    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).

    – Not Applicable / No Transaction.

    ** Relates to uncollateralized transactions of 2 to 14 days tenor.

    @@ Relates to uncollateralized transactions of 15 days to one year tenor.

    $ Includes refinance facilities extended by RBI.

    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/763

    MIL OSI Global Banks –

    July 23, 2025
  • MIL-OSI China: Global investors more bullish on Chinese assets

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

    An aerial drone photo taken on Dec. 4, 2024 shows a view of Shenzhen, south China’s Guangdong Province. [Photo/Xinhua]

    China’s capital markets are gaining increasing traction among global investors as foreign investment surged back in the first half of this year, supported by the country’s economic resilience, continuing opening-up policies and growing demand for more diversified and renminbi-denominated assets, officials and experts said on Tuesday.

    Net inflows of foreign investment in China’s securities market — including bonds and equities — reached approximately $33 billion in the first five months of the year, reversing a net outflow seen in the second half of last year, the State Administration of Foreign Exchange said on Tuesday.

    The renewed confidence is particularly evident in the stock market, as foreign investors posted a net increase in holdings of $10.1 billion in onshore stocks and funds in the first half, ending a two-year trend of net outflows. During the May-June period, the net increase surged to $18.8 billion, the SAFE said.

    Driven by China’s sound economic fundamentals, large financial markets, improved market access and investors’ diversification demand, “we expect a continuing, gradual increase in foreign allocation to renminbi assets”, said Jia Ning, head of the administration’s Balance of Payments Department.

    Heightened volatility in global financial markets has led investors to seek more diversified asset portfolios. Renminbi-denominated assets — with currency stability and a relatively independent return profile — have become an important allocation target for global investors to diversify risks and enhance returns, Jia said.

    Citing a recent survey by the Official Monetary and Financial Institutions Forum, an independent think tank concerned with central banking, economic policy and public investment, Jia said that 30 percent of central banks worldwide plan to increase their allocation to renminbi assets, while several international investment banks have upgraded their outlook on Chinese assets from neutral to overweight.

    Thomas Fang, head of China global markets at UBS, said that the Swiss global wealth manager also sees rising confidence among global investors in Chinese markets, both A and H shares, as the nation’s shining economic prospects help them diversify allocations from US dollar-denominated assets.

    UBS has upgraded its full-year GDP growth forecast for China to 4.7 percent after the country posted 5.3 percent economic growth in the first half.

    “We’ve been pounding the table that the overall underweight of the China assets would not be sustainable,” Fang said, adding that recent opening-up policies have offered overseas investors more instruments — ranging from commodity futures to listed options — to invest in China, facilitating their risk management and helping them take bigger positions there.

    Li Bin, deputy head of the SAFE, said that China’s steady opening-up, high-quality economic development and growing foreign exchange market resilience will continue to help keep the renminbi exchange rate generally stable within a reasonable and balanced range, while foreign exchange regulators are well-positioned to mitigate any external shocks.

    Li said that China’s foreign exchange market has performed better than expected with strong resilience this year, as the renminbi strengthened by 1.9 percent against the greenback in the first half with no signs of a one-way expectation for either appreciation or depreciation.

    Guo Kai, executive president of the CF40 Institute, a research center affiliated with the China Finance 40 Forum think tank, said that China should advance institutional financial opening-up in order to sustain foreign investors’ rising allocation in renminbi-denominated assets and lift the Chinese currency’s role as a global reserve currency.

    “The key lies in continuing to improve the clarity of rules, policy transparency, data quality, market communication and the rule of law, to which international investors attach great attention,” Guo said.

    SAFE announced more measures on opening-up on Tuesday, including a nationwide removal of registration requirements for the reinvestment of foreign direct investment and the expansion of pilot programs that allow banks to directly process external debt registrations under the Qualified Foreign Limited Partner mechanism, through which foreign investors participate in China’s private equity and venture capital markets.

    From January to May, the net inflow of equity-based direct investment into China reached $31.1 billion, up 16 percent year-on-year, the administration said.

    MIL OSI China News –

    July 23, 2025
  • MIL-OSI China: Hong Kong sees equity market revival amid policy incentives, improved outlook

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

    Recent initiatives from the central government have boosted market liquidity. Upgrades to the Bond Connect, enhancements to the Cross-boundary Wealth Management Connect Scheme, and facilitative payment arrangements for Hong Kong and Macao residents purchasing properties in the Chinese mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), have contributed to this positive momentum.

    The China Securities Regulatory Commission’s efforts to optimize the Shanghai-Hong Kong and Shenzhen-Hong Kong stock connects further reinforce Hong Kong’s status as an international financial hub.

    Economist Leung Hoi Ming notes that China’s position as the world’s second-largest economy is expected to contribute about 21 percent of global GDP growth, providing solid support for Hong Kong stocks.

    Hong Kong consistently ranks as the world’s freest economy, third among global financial centers, and maintains top positions in investment climate, international trade, commercial regulations, and air cargo.

    The Hong Kong Special Administrative Region (HKSAR) government’s moves to streamline market listing procedures have helped boost initial public offerings (IPOs) by 30 percent year on year to 52 cases by mid-July. Total funds raised soared 590 percent to 124 billion Hong Kong dollars (15.8 billion U.S. dollars), making Hong Kong the biggest IPO market worldwide, HKSAR Chief Executive John Lee said in a social media post on Monday.

    The unique valuation advantage of Hong Kong stocks continues to attract both international and Chinese mainland investments. Recent data indicates a significant influx of southbound funds, reflecting renewed confidence among Chinese mainland investors.

    Carlson Tong, chairman of Hong Kong Exchanges and Clearing Limited (HKEX), mentioned that Chinese mainland companies currently listed in Hong Kong account for 81 percent of the total market value.

    The ongoing strength of Hong Kong stocks positively impacts both local and Chinese mainland capital markets, enhancing investor confidence and liquidity. Kevin Liu, chief offshore China and Overseas strategist at China International Capital Corporation, highlighted that active liquidity in the Hong Kong stock market is evident in an average daily trading volume of 240.6 billion Hong Kong dollars, showing a notable increase compared to the average daily trading volume in 2024, setting a historical high.

    Improved financing conditions are encouraging companies to list and refinance, particularly in high-growth sectors like technology and innovation. Since early 2025, driven by sectors such as AI, new consumption, and innovative pharmaceuticals, Hong Kong’s market has even outperformed its global counterparts at times, said Liu.

    As the stock market rises, global interest in China’s economy increases, promoting a virtuous circle of capital market openness and high-quality economic development, experts say.

    Leung believes that the stock market’s rise reflects positive expectations regarding the fundamentals of the economy of the Chinese mainland, attracting more attention and investment from global capital. This influx brings more mature investment concepts and resources into the capital market, further optimizing its structure, he added.

    Meanwhile, experts emphasize the need for continued market optimization to attract long-term investment, noting that encouraging more quality companies to list in Hong Kong will deepen and stabilize the market, enhancing its appeal as a global capital platform.

    The HKSAR government will continue to improve the listing regime and boost market liquidity to attract more high-quality global companies to list in Hong Kong, Lee pledged earlier. 

    MIL OSI China News –

    July 23, 2025
  • MIL-OSI China: China’s Hainan free trade port to allow overseas investment in financial products

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

    China’s Hainan free trade port to allow overseas investment in financial products

    Xinhua | July 23, 2025

    China’s Hainan Free Trade Port (FTP) is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial products offered by local financial institutions.

    Eligible products will include wealth management products, private asset management products from securities, fund, and futures operators, publicly offered securities investment funds, and insurance asset management products.

    The program aims to diversify cross-border financial product offerings and explore new channels for overseas investors to access China’s domestic market, according to an official with the Hainan branch of the People’s Bank of China, one of the co-formulators of the rules.

    It is also expected to attract both domestic and international asset management institutions to operate in Hainan, supporting the development of the Hainan FTP, according to the official.

    As part of its broader economic strategy, China is transforming Hainan into a Free Trade Port. As the Hainan FTP is set to begin independent customs operations by the end of the year, the province is poised to become not only a tourist haven but also a pivotal gateway for China’s opening-up drive. 

    MIL OSI China News –

    July 23, 2025
  • MIL-OSI China: Time for China, EU to broaden consensus on navigating next 50 years of relations

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

    The upcoming China-EU Summit presents a valuable opportunity to reflect on the experience and insights gained from 50 years of bilateral ties. It offers a platform to build consensus and chart a stable and healthy path forward that benefits both sides and the world.

    The summit comes at a time when geopolitical tensions, protectionism and unilateralism are increasingly fragmenting global relations. Furthermore, China-EU relations are at a critical juncture, presenting opportunities for deepening pragmatic cooperation while also highlighting the need for strengthened strategic communication to address global challenges and effectively manage differences.

    In this context, there is hope that the meeting will convey clear and positive messages to advance win-win cooperation based on mutual respect and openness. The summit aims to chart a course for the next 50 years of bilateral relations, safeguard free trade and multilateralism, and provide certainty and positive energy in a world facing mounting challenges.

    The past half century has witnessed remarkable developments of China-EU cooperation. The bilateral trade volume of goods increased from 2.4 billion U.S. dollars in 1975 to 785.8 billion dollars in 2024. Two-way investment stock has grown from nearly zero to 260 billion dollars. China and the EU are each other’s second-largest trading partners, with economic complementarity being a key feature of their cooperation.

    China-EU cooperation serves as a prime example of mutually beneficial cooperation in the era of economic globalization, despite differences in history, culture, social systems and development stages.

    Airbus illustrates this partnership well. Since entering the Chinese mainland market 40 years ago, the European aircraft manufacturer has seen its market share in China grow to more than 50 percent.

    In 2003, China and the EU established a comprehensive strategic partnership. They have established over 70 consultation and dialogue mechanisms that cover various fields such as politics, economy and trade, humanities, science and technology, energy, and the environment. Additionally, the two sides have increased cooperation in the areas of digital and green transition.

    Some valuable experience for comprehensive development includes the commitments to mutual respect, mutually beneficial cooperation, and free trade. These principles are the cornerstones of future China-EU ties, which is among the most influential relations worldwide.

    Fruitful China-EU cooperation has contributed to the development and progress of both sides, delivering tangible benefits for nearly two billion people in China and the EU, and greatly promoted world peace and development.

    However, in recent years, the bilateral relationship has faced difficulties and challenges, due to various frictions and differences on issues like trade. This has been particularly evident since the EU adopted a “partner-competitor-systemic rival” framework for characterizing bilateral relations in 2019. Some describe the EU’s positioning of China as akin to having all traffic lights (green, yellow and red) on at the same time. This approach not only fails to direct traffic, but will inevitably cause disruption.

    Chinese culture holds that complaining about others will not lead to self-improvement. Given the scale of bilateral trade and the growing competitiveness of some of China’s industries, it is natural for some differences and frictions to arise. Solutions lie in dialogue and consultation.

    The EU side has expressed concerns about its trade deficit with China. Yet, a thorough examination of the trade imbalance reveals that the situation is more complex than the deficit figure suggests. Three facts offer different perspectives. Firstly, the EU has long enjoyed a surplus in services trade with China. Secondly, it restricts the export of high-tech products to China. Thirdly, over one-third of exports from EU companies in China are sold to Europe, which means European companies get many of the benefits of the trade surplus.

    There is no fundamental conflict of interests between China and the EU, but rather extensive common interests. Greater benefits will only come from partnership rather than rivalry. Bilateral cooperation was not — and will never be — a zero-sum game. To truly understand China-EU relations, it is important to hold a long-term, strategic and comprehensive perspective.

    The world is currently experiencing significant turbulence and change. As China and the EU prepare for the next 50 years of cooperation, it is particularly important to reflect on and adhere to the original aspirations that guided the establishment of bilateral relations. This includes promoting values such as mutual benefit, solving problems through consultations, and opposing hegemony.

    By learning from the past, the 25th China-EU Summit on Thursday should rise above differences and pool consensus to open up a new chapter of bilateral relations. 

    MIL OSI China News –

    July 23, 2025
  • Trump strikes trade deal with Japan to cut tariffs

    Source: Government of India

    Source: Government of India (4)

    The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a pledge by Japan to invest $550 billion in the United States.

    The agreement – including a 15% tariff on all imported Japanese goods, down from a proposed 25% – is the most significant of the string of trade deals the White House has reached ahead of an approaching August 1 deadline for higher levies to kick in.

    “I just signed the largest TRADE DEAL in history with Japan,” Trump said on his Truth Social platform. “This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan.”

    Ishiba, who is facing political pressure after a bruising election defeat on Sunday, hailed the deal as “the lowest figure among countries that have a trade surplus with the U.S.”.

    The two sides also agreed to cut tariff 25% tariffs already imposed on Japanese autos to 15%, Ishiba said. Auto exports account for more than a quarter of Japan’s exports to the U.S.

    The announcement ignited a rally in Japanese stocks, with the benchmark Nikkei climbing 2.6% to its highest in a year. Shares of automakers surged in particular, with Toyota 7203.T up more than 11%, and Honda 7267.T and Nissan 7201.T both up more than 8%.

    The exuberance extended to shares of South Korean carmakers as well, as the Japan deal stoked optimism that South Korea could strike a comparable deal. The yen firmed slightly against the dollar, and U.S. equity index futures edged upward.

    But U.S. automakers signaled their unhappiness with the deal, raising concerns about a trade regime that could cut tariffs on auto imports from Japan to 15% while leaving tariffs on imports from Canada and Mexico at 25%.

    Matt Blunt, who heads the American Automotive Policy Council which represents General Motors GM.N Ford F.N and Chrysler-parent Stellantis STLAM.MI, said “any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American-built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers.”

    ‘MISSION COMPLETE’

    Autos are a huge part of U.S.-Japan trade, but almost all of it is one way to the U.S. from Japan, a fact that has long irked Trump. In 2024, the U.S. imported more than $55 billion of vehicles and automotive parts while just over $2 billion were sold into the Japanese market from the U.S.

    Two-way trade between the two countries totaled nearly $230 billion in 2024, with Japan running a trade surplus of nearly $70 billion. Japan is the fifth-largest U.S. trading partner in goods, U.S. Census Bureau data show.

    Trump’s announcement followed a meeting with Japan’s top tariff negotiator, Ryosei Akazawa, at the White House on Tuesday.

    “#Mission Complete,” Akazawa wrote on X.

    The deal was “a better outcome” for Japan than it potentially could have been, given Trump’s earlier unilateral tariff threats, said Kristina Clifton, a senior economist at the Commonwealth Bank of Australia in Sydney.

    “Steel, aluminium, and also cars are important exports for Japan, so it’ll be interesting to see if there’s any specific carve-outs for those,” Clifton said.

    Kazutaka Maeda, an economist at Meiji Yasuda Research Institute, said that “with the 15% tariff rate, I expect the Japanese economy to avoid recession.”

    Japan is the largest investor in the United States. Together with pension giant GPIF and Japanese insurers, the country has about $2 trillion invested in U.S. markets.

    Besides that, Bank of Japan data shows direct Japanese investment in the United States was $1.2 trillion at the end of 2024, and Japanese direct investment flows amounted to $137 billion in North America last year.

    Speaking later at the White House, Trump also expressed fresh optimism that Japan would form a joint venture with Washington to support a gas pipeline in Alaska long sought by his administration.

    “We concluded the one deal … and now we’re going to conclude another one because they’re forming a joint venture with us at, in Alaska, as you know, for the LNG,” Trump told lawmakers at the White House. “They’re all set to make that deal now.”

    Trump aides are feverishly working to close trade deals ahead of an August 1 deadline that Trump has repeatedly pushed back under pressure from markets and intense lobbying by industry. By that date, countries are set to face steep new tariffs beyond those Trump has already imposed since taking office in January.

    Trump has announced framework agreements with Britain, Vietnam, Indonesia and paused a tit-for-tat tariff battle with China, though details are still to be worked out with all of those countries.

    At the White House, Trump said negotiators from the European Union would be in Washington on Wednesday.

    -Reuters

    July 23, 2025
  • MIL-OSI: Arclaim: Unlocking New Possibilities in DeFi Staking with Smart Contracts

    Source: GlobeNewswire (MIL-OSI)

    WELLINGTON, New Zealand, July 22, 2025 (GLOBE NEWSWIRE) — In the ever-changing world of decentralized finance (DeFi), staking has emerged as a cornerstone for crypto enthusiasts seeking passive income. Yet, the untapped liquidity of staked assets remains a persistent challenge for users. Arclaim, a next-generation DeFi platform, introduces a fresh perspective by transforming the staking experience through smart contract innovation, making crypto assets more dynamic, accessible, and profitable.

    Reimagining Staking: Beyond Passive Earnings

    Unlike traditional staking platforms that focus solely on fixed rewards, Arclaim is built on the principle of active asset optimization. By deploying smart contracts that combine staking with dynamic earning mechanisms, Arclaim empowers users to turn their crypto holdings into multi-purpose financial tools. Whether it’s through high-yield staking pools or arbitrage-based earning strategies, Arclaim offers an ecosystem where every staked asset works harder.

    “At Arclaim, we believe staking should be more than just locking your assets in place,” explains Josh Smith, spokesperson for Arclaim. “Our goal is to create an environment where users can benefit from advanced earning opportunities without compromising security or usability.”

    The Core of Arclaim’s Innovation

    The Arclaim platform stands out by introducing a revolutionary approach to staking that emphasizes flexibility, transparency, and user empowerment. Here’s how it works:

    • Smart Contract Automation: Arclaim’s system identifies and secures high-performing staking pools, automatically deploying user funds to maximize returns.
    • Integrated Arbitrage Opportunities: Beyond staking rewards, the platform captures price discrepancies across DeFi markets, adding a secondary revenue stream for users.
    • Transparent Profit Sharing: With 98% of profits returned to users, Arclaim ensures that the community benefits directly from all earnings, retaining only a minimal fee for platform operations.
    • User-Friendly Design: The intuitive platform allows users to monitor their assets, track earnings, and withdraw profits with ease—removing the complexity often associated with DeFi tools.

    This seamless integration of technology and user-centric design positions Arclaim as a leader in decentralized staking.

    Why Arclaim Matters in the Evolving DeFi Landscape

    The DeFi ecosystem has seen rapid growth, but liquidity challenges and technical barriers continue to limit access for many users. Arclaim addresses these issues by bridging the gap between innovation and accessibility. Key benefits include:

    • Maximized Asset Efficiency: Users can generate returns not only from staking but also from arbitrage opportunities, creating new earning potential.
    • Security at Its Core: Every smart contract is rigorously audited, ensuring that user funds are protected under all circumstances.
    • Community-Centered Models: By allocating the majority of profits back to users, Arclaim fosters long-term trust and financial growth within its ecosystem.

    Who Will Benefit from Arclaim?

    Arclaim is designed for anyone looking to optimize their crypto assets—whether you’re a beginner exploring DeFi for the first time or an experienced investor seeking more advanced strategies. With its low entry barrier, the platform democratizes staking, offering opportunities for users of all levels to participate in high-yield financial activities without requiring deep technical knowledge.

    A Vision for the Future of Staking

    As decentralized finance evolves, Arclaim is setting new standards for what staking platforms can achieve. By combining robust technology with a commitment to user empowerment, the platform not only addresses the liquidity challenges of today but also paves the way for more inclusive and efficient financial systems.

    Arclaim’s vision extends beyond staking, aiming to unlock the full potential of crypto assets through innovation, accessibility, and transparency. Whether it’s helping users earn more from their investments or redefining how assets are managed in DeFi, Arclaim is at the forefront of a new era in decentralized finance.

    About Arclaim Finance

    Headquartered in Wellington, New Zealand, Arclaim Finance is a trailblazer in the DeFi space, dedicated to optimizing the liquidity and earning potential of crypto assets. By combining cutting-edge smart contract technology with a user-focused design, Arclaim is revolutionizing the staking experience for a global audience.

    For more information, visit arclaim.com and join the next chapter in decentralized staking.

    Media Contact:
    Josh Smith
    Arclaim Finance
    Email: support@arclaim.com

    Disclaimer: This press release is provided by Arclaim Finance. 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. 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.

    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 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/ec744808-c1c4-46f3-8f8e-683387a3811d

    The MIL Network –

    July 23, 2025
  • MIL-OSI Russia: Deputy Prime Minister of the Russian Federation Dmitry Grigorenko visited Novosibirsk State University

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    On Monday, July 21, Deputy Prime Minister of the Russian Federation – Chief of the Government Staff Dmitry Grigorenko visited the Novosibirsk Region on a working visit. One of the items on the agenda was a visit to Novosibirsk State University, where guests were presented with developments of the Center for Artificial Intelligence (CAI) and the Advanced Engineering School (AES) of NSU.

    During the meeting, the rector of NSU, academician of the Russian Academy of Sciences Mikhail Fedoruk, introduced the vice-premier to the history of the university, told him what is special about NSU, what it is now and what are the plans for the near future. He noted the special role of the university as a center of attraction for innovations and its contribution to the development of Akademgorodok, Novosibirsk and the country as a whole. Mikhail Fedoruk also emphasized that all the main strategic technological projects that the university is implementing within the framework of the Priority 2030 program are somehow related to new technologies and artificial intelligence.

    The AI Center employees, in turn, presented a number of projects that are at various stages of readiness. In partnership with Rostelecom, a whole line of video detectors is being developed that monitor various situations that require the intervention of emergency and city services.

    Currently, about two dozen such detectors have been created, some of which have already been installed for testing in real conditions at the university campus facilities. In the future, the developers want to move on to creating detectors capable of tracking several specified signs or threats at once in order to optimize the operation of video surveillance systems.

    A prototype of an autonomous intelligent assistant for visually impaired and blind patients was also presented, operating on the basis of using large language models and artificial intelligence technologies. This is a joint development with another industrial partner of the AI Center – the Novosibirsk branch of the Federal State Autonomous Institution “NMITs “MNTK “Microsurgery of the Eye” named after Academician S.N. Fedorov” of the Ministry of Health of the Russian Federation.

    — The principle of operation of this system is simple: a video camera will “see” instead of a person, the information from which will be sent to a portable computer, which will convert it into text. Then the text description is converted by a voice assistant and sent through headphones directly to the patient, — explained the head of the project at the NSU Center for Information Technologies Alexey Okunev.

    Another area of work is related to monitoring atmospheric and noise pollution in municipalities. Here, the partner of the NSU Center for Informatics and Information Technologies is the Novosibirsk company CityAir, which specializes in the production and maintenance of networks and services for monitoring the quality of atmospheric air. Together with the university, the company intends to more widely implement artificial intelligence technologies in its work, thereby increasing the capabilities of the supplied equipment.

    The NSU Advanced Engineering School has presented a “digital core” project for oil companies. NSU is the lead organization of a consortium that won a grant of 210 million rubles to develop digital core methods, an innovative tool that will help the Russian oil industry improve the efficiency of extracting hard-to-recover oil and gas reserves. The research will be conducted using the latest synchrotron, the Siberian Ring Photon Source (SKIF), located in the science city of Koltsovo.

    — The subject of digital core combines the most advanced methods of mathematical modeling, experimental research techniques and data processing. The unique capabilities of synchrotron radiation will allow us to close these areas, making it possible to instrumentally track the impact of various methods of increasing oil recovery on rock and choose the most optimal scenarios for developing hard-to-recover oil and gas reserves, — commented Sergey Golovin, Director of the Advanced Engineering School of NSU, Professor of the Russian Academy of Sciences.

    Dmitry Grigorenko highly praised the developments presented to him, while emphasizing that any remarkable results should not remain “a thing in itself,” and it is necessary to move on to their implementation in the real sector of the country’s economy as quickly as possible.

    — Such visits by representatives of the country’s leadership are very important for us. We get the opportunity to tell the top officials of the state about the results of our work, to understand from their reaction how relevant our developments are and, in case of a positive assessment, to receive support in implementation, which today is one of the most difficult barriers for most developers, — commented on the results of the visit the director of the NSU Center for Information Technologies Alexander Lyulko.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

    July 23, 2025
  • MIL-OSI USA: Reps. Doggett, Murphy Introduce Bipartisan Bill to Ensure Adequate Provider Payments under Medicare Advantage

    Source: United States House of Representatives – Congressman Lloyd Doggett (D-TX)

    Health systems are withdrawing from Medicare Advantage contracts due to inadequate and delayed payments

    Contact: Alexis Torres  

    Washington, D.C.—U.S. Representatives Lloyd Doggett (D-TX), Ranking Member of the Ways and Means Health Subcommittee, and Health Subcommittee member Greg Murphy, M.D. (R-NC) introduced bipartisan legislation to require Medicare Advantage (MA) to adequately reimburse health care providers for services offered to enrollees of these private plans. The Prompt and Fair Pay Act establishes a floor requiring MA plans to reimburse for all covered health care items and services at least what would have been paid under Medicare Parts A and B; plans and providers may continue to negotiate higher reimbursement rates. The legislation also establishes prompt payment rules for clean in-network claims, which are requirements that would mirror those under Medicare Part D. 

    “A rapidly growing Medicare DisAdvantage market is straining our health care system and threatening consumers’ access to necessary health care,” said Rep. Doggett. “Providers are having to choose between substantial reimbursement delays that are often less than what is truly owed, administrative burdens, and care denials, or an outright withdrawal from MA contracts. With many providers already at risk of closure and MA now covering more than half of enrollees, it is essential that we ensure prompt and fair payments before every community is a health care desert. Our bill is an important step to protect patients and providers.” 

    “Medicare Advantage was conceived with good intentions, but absent updates and reforms, insurers will continue to exploit and abuse the program to bilk the federal government at the expense of patients and physicians,” said  Congressman Greg Murphy, M.D. “Doctors who see MA beneficiaries not only experience major delays in reimbursement and senseless prior authorization denials, but often receive less compensation for services rendered than they earn through traditional Medicare. I am proud to support the Prompt and Fair Pay Act to guarantee parity between MA reimbursements and Medicare Parts A and B, ensure our physicians are treated with dignity, and preserve access to high-quality, affordable care for patients.”

    Although Traditional Medicare spending serves as the benchmark for MA payments, the law currently does not require MA plans to reimburse providers at the same rates. As a result, many hospitals, provider groups, and other health systems are operating in the red and are forced to withdraw from MA contracts. This year alone, 27 health systems have left the MA program. It’s also estimated that skilled nursing facilities lost $13.8 billion in 2024 because MA plans reimbursed significantly less than Traditional Medicare. Without Congress’s intervention, MA plans will continue to skirt an obligation to promptly and fairly pay providers. 

    Committed to a more just and equitable health care system for patients, providers and taxpayers, Reps. Doggett and Murphy have previously worked together to introduce legislation to strengthen veterans’ health care for those dually enrolled in MA and Medicare Part D plans. The members have also requested that the Government Accountability Office conduct an independent investigation into vertical consolidation of Medicare Advantage Organizations. 

    The Prompt and Fair Pay Act is endorsed by America’s Essential Hospitals, American Academy of Family Physicians, American College of Physicians, American Occupational Therapy Association, LeadingAge, National Rural Health Association, Premier, Texas Hospital Association, Texas Organization of Rural and Community Hospitals, Texas Association for Home Care and Hospice, and the American Association of Nurse Anesthesiology.

    “By establishing a payment floor for Medicare Advantage (MA) plans that aligns with amounts paid under traditional Medicare, the Prompt and Fair Pay Act helps ensure rural providers are not disadvantaged as MA enrollment continues to grow. The National Rural Health Association also appreciates the addition of enforceable prompt payment standards as rural providers often face administrative burdens to receiving timely payment from plans, creating cash flow issues. This bill marks an important step toward improving predictability and sustainability for rural health systems. NRHA thanks Rep. Doggett and Rep. Murphy for their thoughtful approach to addressing long-standing challenges rural providers face in the MA program and we are proud to endorse this legislation.” – Alan Morgan, CEO of National Rural Health Association

    Katie Smith Sloan, president and CEO, LeadingAge, the association of nonprofit providers of aging services, said: “To Congress and to regulators, we’ve repeatedly expressed concerns that Medicare Advantage plans, by underpaying and delaying provider reimbursement, are threatening the financial stability of our nonprofit and mission-driven provider members, which jeopardizes access to necessary care and services for older adults. This legislation, which establishes a rate floor and prompt payment requirements, is a vital step toward ensuring that providers are fairly and promptly compensated for the care they deliver. It will bring much-needed financial stability to our nursing homes and home health members–particularly those located in underserved and rural communities. We strongly support this legislation and urge its swift passage.”

    Bruce Siegel, MD, MPH, President and CEO of America’s Essential Hospitals, said: “Essential Hospitals across the nation are facing unprecedented financial disruptions, jeopardizing their ability to serve patients and their communities. The Prompt and Fair Pay Act is a step in the right direction, providing concrete steps to fix woefully inadequate hospital reimbursements. We will continue to support common sense legislation like this that aims to better sustain and support our hospitals, and the communities they serve.”

    “The AAFP thanks Rep. Doggett for leading on this legislative effort to establish fair payment standards and enforce timely payments from Medicare Advantage plans. This legislation will help ensure that family physicians can spend less time navigating red tape and more time delivering high-quality care. We’re encouraged by the inclusion of enforcement measures, which we hope will ensure accountability and compliance by plans and help protect the financial stability of practices and the health of our communities.” — Jen Brull, MD, FAAFP,  President, American Academy of Family Physicians

    Soumi Saha, PharmD, JD, Senior Vice President of Government Affairs, Premier, Inc., said: “Premier applauds Reps. Doggett and Murphy for their leadership in introducing the bipartisan Prompt and Fair Pay Act.  This bill will take important steps to ensure that all providers are paid in a timely and appropriate manner for the care they provide to Medicare Advantage patients. Premier has consistently voiced the need to align payment timelines and levels for in-network providers compared with out-of-network providers. Reps. Doggett and Murphy are taking meaningful action to hold insurers accountable and correct these existing inequities in a manner that will benefit patients and providers.”

    John Hawkins, President and CEO of Texas Hospital Association, said: “THA is grateful for the leadership of Congressman Lloyd Doggett to ensure hospitals are paid timely for care delivered to seniors covered by private insurance plans in the Medicare Advantage program. Non-partisan studies have repeatedly shown that excessive and unnecessary denials, slow pay tactics, overly stringent prior authorization requirements, and restrictive provider networks by these plans threaten access to medically necessary care. For years, Congressman Doggett has been working to address these challenges, and The Prompt and Fair Pay Act of 2025 will bring overdue accountability and prompt pay standards to the MA program.” 

    “Occupational therapy services are crucial to enable Medicare beneficiaries in either traditional Fee-for-Service or Medicare Advantage programs to recover and live as independently as possible after an injury or illness,” according toKatie Jordan, OTD, MBA, OTR/L, FAOTA, Chief Executive Officer, American Occupational Therapy Association (AOTA). She notes that “The Prompt and Fair Pay Act would ensure payment parity for OT services provided to beneficiaries in either program while also requiring prompt payment of clean claims and enhancing transparency from Medicare Advantage organizations regarding questioned claims.  This is critical to reduce the administrative burden related to processing claims which would allow a greater focus on actual patient treatment.” 

    “We appreciate Congressman Doggett’s leadership in introducing the Prompt and Fair Pay Act to ensure that Medicare Advantage plans are properly reimbursing practitioners for the care they provide,” said Jan Setnor, MSN, CRNA, Col. (Ret), USAFR, NC, President of the American Association of Nurse Anesthesiology. “This bill will ensure patients have access to nurse anesthetists and other providers and the high-quality care they deliver by holding payors accountable for proper and timely reimbursement of care. This bill will protect access to care for the growing number of Americans who utilize Medicare Advantage plans, and we strongly urge Congress to pass this critical legislation.” 

    “Medicare Advantage plans have been hard on rural Texas hospitals, so TORCH applauds the effort to require sustainable payments without delay.” –John Henderson, President/CEO of Texas Organization of Rural and Community Hospitals (TORCH)

    A fact sheet about the bill can be found here, and the full bill text here. 

    MIL OSI USA News –

    July 23, 2025
  • MIL-OSI USA: Chairman Williams Introduces the Equal Shot Act

    Source: United States House of Representatives – Congressman Roger Williams (25th District of Texas)

    WASHINGTON, D.C. – Today, House Committee on Small Business Chairman Roger Williams (R-Texas) introduced the Equal Shot Act of 2025, a key piece of legislation aimed at ensuring fairness in federal small business policy. This bill prohibits the Small Business Administration (SBA) and its Administrator from discriminating against firearm-related businesses in the distribution of financial assistance.

    The Equal Shot Act of 2025 protects small business owners from politically motivated bias, defends Constitutional rights, and guarantees that businesses supporting the Second Amendment have the same access to federal resources as any other eligible enterprise.

    “Unelected officials should not have the power to discriminate against an entire industry based on political bias,”  said Chairman Williams. “Firearm-related businesses are owned and operated by hardworking Americans who follow the law, create jobs, and contribute to their communities. They shouldn’t be punished for their values. This bill stands up for their right to compete on a level playing field.”

    Click here to view the bill.

    Background:

    This bill comes as a response to concerns that, under the Biden Administration, federal agencies or financial institutions may have denied support or imposed restrictions on gun-related businesses for political or ideological reasons. This legislation aims to ensure that all eligible small businesses, regardless of industry, are treated fairly and without bias.

    This bill is supported by major advocacy organizations, including the National Rifle Association (NRA), Gun Owners of America (GOA), and the National Association for Gun Rights (NAGR).

    Original cosponsors include Reps. Jack Bergman (R-Michigan), Nick Langworthy (R-New York), Troy Downing (R-Montana), Jake Ellzey (R-Texas), Stephanie Bice (R-Oklahoma), Brandon Gill (R-Texas), Mike Collins (R-Georgia), Mark Alford (R-Missouri), Beth Van Duyne (R-Texas), Chuck Fleischmann (R-Tennessee), Tony Wied (R-Wisconsin), Scott Fitzgerald (R-Wisconsin), Sheri Biggs (R-South Carolina), Dan Crenshaw (R-Texas), Randy Weber (R-Texas), Anna Paulina Luna (R-Florida), Tim Walberg (R-Michigan), Mike Ezell (R-Mississippi), Tom Tiffany (R-Wisconsin), Claudia Tenney (R-New York), Steve Womack (R-Arkansas), and Michael A. Rulli (R-Ohio).

    Senator Jim Risch (R-Idaho) will lead the companion legislation in the Senate. 

    ###

    Congressman Roger Williams is the Chairman of the House Small Business Committee and member of the House Financial Services Committee. He proudly represents the 25th Congressional District of Texas.

    MIL OSI USA News –

    July 23, 2025
  • MIL-OSI: DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and data center technology company, today announces that it has engaged a consultant to assess and help implement institutional-grade treasury management within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company (“STC”). This platform would serve both DMG and STC’s clients by offering custody services. DMG is also assessing additional capabilities intended to further enhance treasury value.

    Digital asset treasuries have recently gained prominence for their ability to generate net asset value (NAV) premiums through active management, in contrast to exchange-traded funds (ETFs), which typically trade in line with the value of their underlying assets. DMG’s digital asset portfolio is currently composed solely of bitcoin, although the Company is considering the inclusion of other digital assets. To support the platform, DMG may utilize its existing bitcoin, add its proceeds from Bitcoin mining and/or raise capital to expand its treasury. As of the date of this press release, DMG is ranked #54 among Top Public Bitcoin Treasury Companies on BitcoinTreasuries.net.

    DMG’s CEO, Sheldon Bennett, commented, “Investors are moving beyond ETFs and HODLing. They want strategies that actively build digital asset value. At DMG, we control the entire stack – secure computing infrastructure, Bitcoin mining operations and our regulated custody platform. This integration delivers a solution that few can match. By leveraging our end-to-end platform, we can facilitate the creation and expansion of digital asset portfolios for ourselves and our clients.”

    About Systemic Trust Company Ltd.

    Systemic Trust is fully regulated under the Alberta Loans and Trust Corporations Act, ensuring client digital assets are managed with the highest standards of compliance and security. Systemic Trust combines regulatory compliance, cutting-edge technology and robust insurance coverage to deliver the ultimate digital asset custody experience.

    About DMG Blockchain Solutions Inc.

    DMG is a publicly traded and vertically integrated blockchain and data center technology company that manages, operates and develops end-to-end digital solutions to monetize the digital asset and artificial intelligence compute ecosystems. Systemic Trust Company, a wholly owned subsidiary of DMG, is an integral component of DMG’s carbon-neutral Bitcoin ecosystem, which enables financial institutions to move Bitcoin in a sustainable and regulatory-compliant manner.

    For additional information about DMG Blockchain Solutions and its initiatives, please visit www.dmgblockchain.com. Follow @dmgblockchain on X, LinkedIn and Facebook, and subscribe to the DMG YouTube channel to stay updated with the latest developments and insights.

    For further information, please contact:

    On behalf of the Board of Directors,

    Sheldon Bennett, CEO & Director
    Tel: +1 (778) 300-5406
    Email: investors@dmgblockchain.com
    Web: www.dmgblockchain.com

    For Investor Relations:
    investors@dmgblockchain.com

    For Media Inquiries:
    Chantelle Borrelli
    Head of Communications
    chantelle@dmgblockchain.com

    Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

    Cautionary Note Regarding Forward-Looking Information

    This news release contains forward-looking information or statements based on current expectations. Forward-looking statements contained in this news release include statements regarding DMG’s strategies and plans, assessing and implementing institutional-grade treasury management features within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company, the consideration of the inclusion of other digital assets in treasury management, securing new clients for the Systemic Trust digital asset custody subsidiary, the opportunity and plans to monetize bitcoin transactions and provide additional products and services to customers and users, the continued investment in Bitcoin network software infrastructure and applications, the expected allocation of capital, developing and executing on the Company’s products and services, increasing self-mining, increasing hashrate, efforts to improve the operation of its mining fleet, the launch of products and services, events, courses of action, and the potential of the Company’s technology and operations, among others, are all forward-looking information.

    Future changes in the Bitcoin network-wide mining difficulty rate or Bitcoin hashrate may materially affect the future performance of DMG’s production of bitcoin, and future operating results could also be materially affected by the price of bitcoin and an increase in hashrate mining difficulty.

    Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, market and other conditions, volatility in the trading price of the common shares of the Company, business, economic and capital market conditions; the ability to manage operating expenses, which may adversely affect the Company’s financial condition; the ability to remain competitive as other better financed competitors develop and release competitive products; regulatory uncertainties; access to equipment; market conditions and the demand and pricing for products; the demand and pricing of bitcoin; the demand and pricing of AI data centers and usage; security threats, including a loss/theft of DMG’s bitcoin; DMG’s relationships with its customers, distributors and business partners; the inability to add more power to DMG’s facilities; DMG’s ability to successfully define, design and release new products in a timely manner that meet customers’ needs; the ability to attract, retain and motivate qualified personnel; competition in the industry; the impact of technology changes on the products and industry; failure to develop new and innovative products; the ability to successfully maintain and enforce our intellectual property rights and defend third-party claims of infringement of their intellectual property rights; the impact of intellectual property litigation that could materially and adversely affect the business; the ability to manage working capital; and the dependence on key personnel. DMG may not actually achieve its plans, projections, or expectations. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, the ability to successfully develop software, that there will be no regulation or law that will prevent the Company from operating its business, anticipated costs, the ability to secure sufficient capital to complete its business plans, the ability to achieve goals and the price of bitcoin. Given these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements. The securities of DMG are considered highly speculative due to the nature of DMG’s business. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca. In addition, DMG’s past financial performance may not be a reliable indicator of future performance.

    Factors that could cause actual results to differ materially from those in forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, equipment and/or infrastructure failures, lack of supply of equipment, power and infrastructure, failure to obtain any permits required to operate the business, the impact of technology changes on the industry, the impact of viruses and diseases on the Company’s ability to operate, secure equipment, and hire personnel, competition, security threats including stolen bitcoin from DMG or its customers, consumer sentiment towards DMG’s products, services and blockchain and AI technology generally, failure to develop new and innovative products, litigation, adverse weather or climate events, increase in operating costs, increase in equipment and labor costs, equipment failures, decrease in the price of Bitcoin, failure of counterparties to perform their contractual obligations, government regulations, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of or statements made by third parties in respect of the matters discussed above.

    The MIL Network –

    July 23, 2025
  • MIL-OSI USA: 07.22.2025 Sen. Cruz Introduces Bill Targeting NGOs and Adversaries Funding Violent Riots

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – Today, U.S. Sen. Ted Cruz (R-Texas) and colleagues introduced the Stop Financial Underwriting of Nefarious Demonstrations and Extremist Riots (Stop FUNDERs) Act. This bill adds rioting, as defined by the federal anti-riot statute, to the list of RICO predicate offenses, allowing the Department of Justice to use the full suite of RICO tools against entities who fund or coordinate violent interstate riots.
    Sen. Cruz said, “Every American has the right to freedom of speech and peaceful protest, but not to commit violence. Domestic NGOs and foreign adversaries fund and use riots in the United States to undermine the security and prosperity of Americans. My legislation will give the Department of Justice the tools it needs to hold them accountable, and I urge colleagues to pass it expeditiously.”
    The bill is cosponsored by Sens. John Cornyn (R-Texas), Tommy Tuberville (R-Ala.), Bill Hagerty (R-Tenn.), Thom Tillis (R-N.C.), Mike Lee (R-Utah), and Josh Hawley (R- Mo.).
    Sen. Cornyn said, “Radical, left-wing groups who fund acts of violence, coordinate attacks against law enforcement, and spearhead the destruction of property must be stopped. This legislation would add rioting to the list of racketeering offenses to crack down on this lawless behavior while ensuring the First Amendment rights of free speech and peaceful protest are protected.”
    Sen. Tuberville said, “77 million Americans voted for President Trump and his America First policy agenda – and that includes arresting and deporting illegal aliens. Democrats don’t like that – so they are rioting in the streets and violently attacking law enforcement officers. This cannot stand. My colleagues and I are introducing a bill to make sure the Department of Justice has the tools it needs to go after anti-American terrorist groups and their funders who are protecting illegal rapists, murderers, and criminals. We have to cut these violent riots off at the source. The adults are back in charge, and law and order will prevail.”
    Sen. Hagerty said, “From anti-Semitic riots to violent anti-ICE attacks, those who fund and coordinate violent riots across our country must be held accountable. The Stop FUNDERs Act will give the Department of Justice the tools it needs to bring those facilitating and financing violence on our campuses and in our streets to account.”
    Sen. Tillis said, “Organized riots like those in Los Angeles pose a serious threat to public safety, endanger law enforcement, and undermine the rule of law. The Stop FUNDERs Act gives the Department of Justice the tools to go after the individuals and organizations that fund and orchestrate violent riots across our country. I’m proud to support this legislation to hold these bad actors accountable and restore law and order in our communities.”
    Companion legislation was introduced in the House by Rep. Beth Van Duyne (R-Texas-24).
    Rep. Van Duyne said, “The standard of treating violent, extremist activists as individual criminals must end. It is time we empower our law enforcement with a commonsense tool to treat these violent mobs, their funding sources, and their organizers as the criminal enterprises they are by passing the Stop FUNDERS Act. Since the days of the George Floyd riots, to the violence we see across American cities and college campuses today, it is obvious there are well funded, well outfitted, and highly coordinated efforts to plan and execute violent and potentially deadly missions of chaos and mayhem. This is organized crime, and we need to attack it as such.”
    This bill is supported by Heritage Action and National Right to Work Committee.
    Read the full text of the bill here.
    BACKGROUND
    The Stop FUNDERs Act will:
    Amend 18 U.S.C. § 1961(1) to add “rioting,” as defined in the Anti-Riot Act, to the list of racketeering predicate offenses.
    Enable the Department of Justice to use RICO tools—including joint liability and group prosecution, conspiracy charges, asset forfeiture, and enhanced criminal penalties—against organizations and individuals who repeatedly fund or coordinate violent interstate riots.
    Deter abuse of nonprofit status and expose hidden financial pipelines behind politically motivated violence.

    MIL OSI USA News –

    July 23, 2025
  • MIL-OSI Submissions: Pacific – New world-class health services will transform Nauru – Govt of Nauru

    Source: Government of Nauru

     

    A month after the Government of Nauru announced a ground breaking strategic partnership with UAE company Global Mission Support Services (GMSS) to take over the management and delivery of the country’s health services, the results have already been transformational. 

     

    Minister for Public Health Maverick Eoe said while the first 30 days were earmarked for assessment and planning, the new medical team had already made major progress including reactivating the eye clinic and performing high-impact surgeries that previously could not be performed domestically.

     

    “The government decided that in order to make a real difference in the health care of all Nauruans we had to be innovative, and we are absolutely confident that this solution will dramatically improve, and restore trust in, our health system,” he said. 

     

    The health team has also responded to a dengue fever outbreak which is now under control following consultation with the United States Centres for Disease Control and Prevention, while the company’s engineering team fixed the flooding at the hospital’s entrance which has been an issue for decades.  

     

    The partnership, at no extra cost to the Government, was announced in Parliament last month by President David Adeang, who said, “The government…. had concluded that engaging an experienced and capable private sector partner is a necessary step to ensure our people continue to receive quality and timely medical care, both locally and abroad.”

     

    He also said the new arrangement will reduce the financial burden on the OMR but assured the nation that “this arrangement will (still) ensure that our most vulnerable citizens—those who require overseas medical treatment—are cared for with dignity, efficiency, and compassion.”

     

    The GMSS medical team on Nauru are leading experts from across the world and include a US chief medical officer, a Ukrainian brigadier general who was a special forces physician, an Israeli ophthalmic surgeon, an Australian professor of public policy, a former British Royal Air Force doctor, and a US Navy admiral. 

     

    GMSS manager Roy Shaposhnik said, “Our mission has been receiving outstanding support and goodwill from government, the private sector, and most importantly, the people of Nauru.

     

    “Their support and cooperation remain our greatest motivators and enablers.”

     

    The initial team included civil engineers, logistics specialists, and operations personnel, followed by additional subject-matter experts who conducted in-depth assessments of the Nauru hospital and public health facilities.

     

    GMSS medical adviser Dr Dezheen Zebari said thinking of just how much change they can make in Nauru is “very exciting”.

     

    “This will be a transformative change and build a resilient health care system,” she said.

     

    Dr Zebari credited President Adeang along with ministers Eoe and Charmaine Scotty for “their vision.”

    MIL OSI – Submitted News –

    July 23, 2025
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