NewzIntel.com

Category: Economy

  • MIL-OSI: Theta Capital Publishes Annual “The Satellite View” Report – A Deep Dive into the Future of Blockchain Investing

    Source: GlobeNewswire (MIL-OSI)

    AMSTERDAM, April 14, 2025 (GLOBE NEWSWIRE) — Theta Capital, the largest European investor in blockchain venture capital, has published its annual report on venture capital investment in blockchain technology, “The Satellite View”, synthesizing insights from leading venture capitalists and founders on the forces shaping blockchain investing in 2025.

    Spanning institutional adoption, AI’s convergence with crypto, the rise of real-world blockchain infrastructure (DePIN), and the next evolution of consumer applications, the report distills complex trends into actionable investor takeaways, separating signal from noise in one of the most transformative years in the industry’s history.

    The Satellite View is compiled from Theta Capital’s annual Legends4Legends event on blockchain technology and its investment opportunities with the top minds in the industry. The report presents bold predictions from leading experts including many of the crypto-native venture funds Theta invests in, with insights on the blockchain industry, investment opportunities, themes and strategies. Unlike other industry reports, The Satellite View is written by investors for investors, offering exclusive insights from top venture capitalists and founders.

    The report focuses on five key takeaways from 2025’s biggest shifts:

    • How stablecoins, tokenized real-world assets (RWAs) & institutional DeFi are becoming core components of global financial infrastructure.
    • How AI relies on blockchain to unlock global resource networks, ensuring transparency, security and economic coordination in a “less-centralized” AI future.
    • Why Decentralized Physical Infrastructure (DePIN) is set for a breakout year, transforming energy, data, and connectivity markets.
    • How blockchain infrastructure maturing is opening the path for consumer applications to deliver better-than-Web2 quality user experiences.
    • How crypto is reshaping attention markets, where behavior as content and social engagement merge into investable assets.

    “2025 is not just another market cycle—it’s a year of structural transformation. Institutions are integrating digital assets at scale, AI is leveraging crypto for coordination and verifiability, and the era of real-world blockchain infrastructure has arrived,” said Ruud Smets, Managing Partner & CIO at Theta Capital. “The Satellite View is built for investors who need to understand the full picture of where the industry is going.”

    The report highlights a critical turning point in the digital asset space: the merger of traditional financial markets and crypto is no longer theoretical—it’s happening now.

    • Stablecoins now hold hundreds of billions in U.S. Treasuries, solidifying their role as key sources of global liquidity.
    • Tokenized markets for equities, bonds, and real estate are moving from pilots to mainstream adoption.
    • Banks and asset managers are leveraging blockchain for trading, settlement, and collateralization, integrating crypto into core financial infrastructure.

    Leading figures from the space who participated included J. Christopher Giancarlo (Former CFTC Chairman), Lasse Clausen (Founding Partner, 1kx), Nic Carter (Founding Partner, Castle Island), Robert Mitchnick (Head Digital Assets, BlackRock), Vance Spencer (Co-Founder, Framework Ventures), Jon Charbonneau (Co-Founder, DBA), Alex Pack (Managing Partner, Hack VC), Olaf Carlson-Wee (Founder, Polychain Capital), Andrej Radonjic (Founder, Grass), Balder Bomans (Managing Partner, Maven 11), Christopher Perkins (President, CoinFund), Min Teo (Co-Founder, Ethereal Ventures), Franklin Bi (General Partner, Pantera Capital), Catrina Wang (General Partner, Portal Ventures), Nick Tomaino (Founder, 1confirmation), Mike Zajko (Co-Founder, Lattice Capital), Tarun Chitra (Managing Partner, Robot VC and CEO, Gauntlet), Michael Jordan (Co-Founder, DBA), Clay Robbins (CEO, Colosseum), Tyler Spalding (President, Acronym Foundation), Carlos Pereira (Partner, BITKRAFT), Hootie Rashidifard (Founder, Hash3), Mike Dudas (Managing Partner, 6MV), Shaishav Todi (General Partner, Lemniscap) and Jason Kam (Founder, Folius Ventures).

    Whether you’re a venture capitalist, hedge fund manager, institutional allocator, or entrepreneur, The Satellite View provides the strategic clarity needed to navigate 2025’s evolving landscape. The full report is now available. For access, visit https://thetacapital.com/the-satellite-view/ or contact info@thetacapital.com.

    ENDS

    About Theta Capital

    Founded in 2001, Theta Capital Management has been among the earliest and largest institutional investors globally to invest in blockchain technology, having deployed capital in the space since January 2018. Theta Capital works with over 45 deeply specialized VC partners leading to more than 1,000 venture style investments in the technology. Deep domain expertise has led to a leading position in the universe of crypto-native venture capital.

    For further information, please visit:

    http://www.thetacapital.com/

    Contact:

    ir@thetacapital.com

    The MIL Network –

  • MIL-OSI NGOs: Two years of war in Sudan leave millions more in need than ever

    Source: Médecins Sans Frontières –

    • As Sudan marks two years of war, people continue to experience the catastrophic consequences and can no longer wait for real assistance.
    • As the rainy season approaches, humanitarian organisations must scale up, and the warring parties must allow, desperately-needed humanitarian assistance.
    • As bombing and violence continues, MSF calls on the warring parties to ensure civilians, humanitarian personnel, and medical teams are protected.

    Sudan – As the war in Sudan between the Rapid Support Forces (RSF) and the Sudanese Armed Forces (SAF) enters its third year, people remain unseen, bombed, besieged, displaced, and deprived of food, and basic lifesaving services. Of the country’s 50 million people, 60 per cent need humanitarian assistance, and people are facing simultaneous health crises and limited access to public healthcare. Médecins Sans Frontières (MSF) reiterates our calls on the warring parties and their allies to ensure that civilians, humanitarian personnel, and medical teams are protected. All restrictions on the movements of humanitarian supplies and staff must be removed, especially as the rainy season fast approaches.

    “The warring parties are not only failing to protect civilians — they are actively compounding their suffering,” says Claire San Filippo, MSF Emergency Coordinator. “Wherever you look in Sudan, you will find needs — overwhelming, urgent, and unmet.” 

    “Millions are receiving almost no humanitarian assistance, medical facilities and staff remain under attack, and the global humanitarian system is failing to deliver even a fraction of what’s required,” says San Filippo. 

    As frontlines have shifted over the course of the war, especially in Khartoum and Darfur, civilians feared retaliatory attacks from both warring parties. For the past two years, both RSF and SAF have repeatedly and indiscriminately bombed densely- populated areas. RSF and allied militias have unleashed a campaign of brutality, including systematic sexual violence, abductions, mass killings, looting of aid, erasure of civilian neighbourhoods, and occupation of medical facilities. Both sides have laid siege to towns, destroyed vital infrastructure, and blocked humanitarian aid. 

    Widespread starvation is taking hold, according to the UN; Sudan is currently the only place in the world where famine has been officially declared in multiple locations. Famine was first declared in Zamzam internally displaced people’s camp in August 2024, and has since spread to a further 10 areas, while 17 additional regions are now on the brink. Without immediate action, hundreds of thousands of lives are at risk.  

    In March 2025, MSF supported multi-antigen catch up vaccination campaigns for children under the age of two in South Darfur.  Over 17,000 children who received vaccinations were also screened for malnutrition, with a rate of 30% global acute malnutrition, and 7% suffering from severe acute malnutrition. In December 2024, during a therapeutic food distribution in Tawila locality, North Darfur, MSF teams screened over 9,500 children under five years old. They found a staggering 35.5% global acute malnutrition rate, with 7% of children suffering from severe acute malnutrition.  

    A scene in the busy emergency room at Al-Nao hospital, supported by MSF in Omdurman. Khartoum state, Sudan, March 2025.
    Tom Casey/MSF

    Simultaneously, Sudan is facing multiple, overlapping health emergencies. MSF teams have treated over 12,000 patients — including women and children — for trauma injuries directly resulting from violent attacks. During the first week of February 2025, MSF teams in Khartoum, North Darfur, and South Darfur states treated mass influxes of war-wounded patients. Sudan is also experiencing one of the worst maternal and child health crises we are seeing anywhere in the world. In October 2024, in two MSF-supported facilities in Nyala, the capital of South Darfur, 26 per cent of the pregnant and breastfeeding women seeking care were acutely malnourished. 

    “Outbreaks of measles, cholera and diphtheria are spreading, driven by poor living conditions and disrupted vaccination campaigns,” says Marta Cazorla, MSF Emergency Coordinator. “Mental health support and care for survivors of sexual violence remain painfully limited.” 

    “These compounding crises reflect not just the brutality of the conflict, but the dire consequences of the crumbling public healthcare system and a failing humanitarian response,” says Cazorla. 

    Since April 2023, more than 1.7 million people have sought medical consultations at hospitals, health facilities and mobile clinics MSF supports or is working in. More than 320,000 people were admitted in our emergency wards. 

    More than 13 million people have been displaced by the conflict,  many of them multiple times. Of these, 8.9 million remain displaced inside Sudan, while 3.9 million have crossed into neighbouring countries. Many live in overcrowded camps or makeshift shelters, without access to food, water, or healthcare. People depend entirely on humanitarian organisations — but only where these organisations are responding. 

    Health facilities destroyed 

    According to the World Health Organization (WHO), more than 70 per cent of health facilities in conflict-affected areas are barely operational or have closed, leaving millions of people without access to critical care amid one of the worst humanitarian crises in recent history. Since the war began, MSF has recorded over 80 violent incidents targeting our staff, infrastructure, vehicles, and supplies. Clinics have been looted and destroyed, medicines stolen, and healthcare workers assaulted, threatened, or killed. 

    In June 2023, Tawila hospital, in North Darfur, was attacked and looted.

    “Buildings were destroyed, even beds were looted, and medicines were burned to the ground,” says Muhammad Yusuf Ishaq Abdullah, MSF health promotion officer in Tawila. “From afar, it looked like a hospital, but when you entered it, it was a shelter for snakes and grass.”  

    These attacks must stop — medical personnel and facilities are not targets. 

    Zahra Abdullah holds her baby inside the kitchen of shelter after receiving her food basket. South Darfur, Sudan, January 2025.
    Abdoalsalam Abdallah

    Upcoming rainy season 

    The rainy season, fast approaching, threatens to make an already catastrophic situation even worse. Supply routes could be severed and entire regions flooded, cutting off people just as the hunger gap peaks, and malnutrition and malaria spike.

    MSF calls for immediate preparedness measures ahead of the rainy season. More border crossings must be opened, and key roads and bridges must be repaired and kept accessible, especially in Darfur, where seasonal flooding isolates communities year after year. 

    Humanitarian restrictions must be lifted, and unhindered access must be guaranteed. MSF urges all groups — including donors, governments, and UN agencies — to enable and prioritise aid delivery, ensuring that assistance not only reaches the country but is transported swiftly and safely to the hardest-hit and most remote communities. Without a serious commitment to overcoming the political, financial, logistical, and security barriers that hinder last-mile delivery, countless lives will remain beyond the reach of help.  

    The people of Sudan have endured this horror for two years too long; they cannot and should not wait any longer. 

    MIL OSI NGO –

  • MIL-OSI Asia-Pac: I&T collabs create productivity: CE

    Source: Hong Kong Information Services

    Chief Executive John Lee

    I am delighted to welcome you to Hong Kong, and the World Internet Conference Asia-Pacific Summit.

     

    And I am honoured to say that the Asia-Pacific Summit, taking place over these next two days in Hong Kong, marks the first time the World Internet Conference has held an international summit outside Mainland China.

     

    That, ladies and gentlemen, is a testament to Hong Kong’s rising role as an international innovation and technology (I&T) hub. It also reflects our deepening integration with our country’s national development.  

     

    That will become abundantly clear over these next two days. Like the World Internet Conference itself, this summit offers high-level dialogue for the global internet community – for you – the nearly 1,000 professionals here from 30 countries and regions.

     

    You are senior government officials and business leaders, industry association heads, academics and researchers and professionals from different disciplines. And you are here to expand your international connections, create business opportunities and help build the interconnected digital future.

     

    Hong Kong’s rise as an I&T hub has been fast-tracked by our vibrant economy, which is powered by free trade and boasts the world’s third-largest financial centre. It helps, too, that Hong Kong has long been a key business conduit between the Mainland and the rest of the world.

     

    And it all comes together under our unique “one country, two systems” framework.

     

    This cardinal governing principle gives Hong Kong the best of both worlds: access to the vast opportunities of the Mainland market, while maintaining the advantages of our unmatched connectivity of our common law system, free flow of information, capital, goods and people. This unmatched connectivity has brought you here.

     

    There are many good examples. A shining example is the Shenzhen-Hong Kong-Guangzhou science and technology cluster, which ranks second, globally, in the World Intellectual Property Organization’s Global Innovation Index. It shows how, with the development of the Greater Bay Area, we can converge Hong Kong’s excellent research and development and world-class, international business environment, with the innovative prowess of the Mainland’s technology industry.

     

    We are building Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone, which straddles the small river that separates Hong Kong and Shenzhen. The Hong Kong park within this co-operation zone smartly embodies the virtues of the “one country, two systems” principle and cross-boundary co-operation.

     

    Last month, I attended the topping-out ceremony for the park’s first three buildings – two wet laboratories and a talent accommodation complex. The park will enter its operational phase this year, with the first tenants – from life and health technology, artificial intelligence (AI), to data science and other pillar industries – moving in.

     

    The development of another five buildings is in full swing. We have earmarked some US$500 million to expedite the park’s two-phase development.

     

    We need, of course, strategic companies and talent to take full advantage of the park’s opportunities – and other of Hong Kong’s far-reaching prospects. And we are getting them. Under the enhanced talent admission regime we rolled out in 2022, we have already approved more than 300,000 talent admission applications. Over 200,000 of them, ie two-thirds, have already arrived here.

     

    Meanwhile, over 80 strategic enterprises from around the world in the booming industries of life and health technology, AI and data science, fintech and more, have joined us. They will invest over US$6 million and create over 20,000 jobs here in the coming years.

     

    The park is situated in the Northern Metropolis, an entirely new economic engine for Hong Kong. The Northern Metropolis, which makes up one-third of Hong Kong’s area, straddles our land boundary with Shenzhen.

     

    I am confident that our collaborative efforts with Shenzhen, and throughout the Greater Bay Area, will see the rise of Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone as a world-class I&T hub, creating a critical source of new quality productive forces for the country.

     

    AI is central to the Hong Kong park’s research and development. It is no less central to Hong Kong’s future.

     

    In December last year, the first phase of Cyberport’s AI Supercomputing Centre became operational. Hong Kong’s digital technology flagship, Cyberport is home to more than 330 startups specialising in AI and big data.

     

    Hong Kong is determined to maximise AI’s immense potential for new industrialisation, and to further society’s digital transformation.

     

    We have, for example, set up funding schemes to help local manufacturers switch to smart manufacturing and strategic industries to establish smart production facilities here in Hong Kong.

     

    And our HK$10 billion I&T Industry-Oriented Fund, amounting to nearly US$1.3 billion, channels market capital to invest in industries of strategic importance, including AI and robotics.

     

    There is more. We aim to establish, by the next financial year, the Hong Kong AI R&D Institute, having reserved nearly US$130 million to get it up and running. The institute will spearhead Hong Kong’s research and development, and drive AI-based industrial applications.

     

    AI will also promote smart government. Not only driving document digitalisation and automation, and payments and business processes, but, more important, how we go about making policy and delivering public services.

     

    All that, and much more, will fuel discussion and debate at today’s main forum and the three sub-forums taking place tomorrow.

     

    This summit matters. Co-operation matters. Especially during these challenging times to geopolitics and trade relations. Hong Kong champions free trade and multilateralism. We believe in teamwork and offer a range of welcoming programmes for investors, companies, researchers and other strategic talent. Hong Kong welcomes all business interests from those who are keen to pursue development with us. In this global city, we will make a decided difference for you, and your future.

     

    I am grateful to the World Internet Conference for hosting the Asia-Pacific Summit here in Hong Kong. Grateful, too, to our Innovation, Technology& Industry Bureau and other government offices for organising this high-profile global event.

     

    I wish you all an inspiring summit, and the best of business, and health, through this endlessly challenging, but promising, year.

     

    Chief Executive John Lee gave these remarks at the World Internet Conference Asia-Pacific Summit on April 14.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: The tenth anniversary cabbage party in English for students of the Faculty of Economics was held at NSU

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    On April 9, a traditional English-language skit was held for students Faculty of EconomicsThis year it was organized for the 10th time.

    This tradition began a long time ago: from 2009 to 2014, English Language Days were held, but in a different format. In 2015, English teachers at the Faculty of Economics found a new form for annual vibrant events that unite students and provide space for language practice outside the curriculum and academic pairs. The neologism Cabbage Pie Party was specially invented for this event. These are theatrical skits that include various performances, and at the end, all participants are traditionally treated to cabbage pies.

    — Since 2022, we decided to “sweeten” the lives of our students and moved away from the “cabbage” theme. In 2022, 2023 and 2024, we ate pies with apple, cherry and raspberry fillings, respectively. The topics of our meetings also changed. This year, the anniversary year, we ate delicious pies with lemon filling, as it was decided to organize Lime

    The cabbage party, or “lemonnik”, turned out to be spectacular and even “fairy-tale”, as some of the participants said. This year there was a record number of student performers, namely: more than 160 people from 14 academic groups of the 1st, 2nd and 3rd years. 11 theatrical numbers were presented and 9 films were made.

    — I remember a bright twist — students of group 24702.2 danced from the heart. The song Wonderful World by group 23703.2 sounded unexpectedly and very beautifully. Students of groups 24707.1 and 2 brought their instruments: the song With a Little Help From My Friends with an original video was performed to the accompaniment of a synthesizer, electric guitar and bass. There was a musical, sketches, songs and dances from students of groups 23704.3, 24710.2, 23704.1, 24701. 1 and 24701.2. The title Lemon Tree sounded in two interpretations: lyrically with a guitar (24706.1) and interactively, involving the entire audience in an active game (23702.1). Two more groups played games with the audience: 22705 (the entire audience helped Alice and her friends get back to Wonderland) and 24703 (solving associative series, topic – NSU), shared Svetlana Panova.

    This year, all nine films won in their categories, including: Best Storyline (24704.1 and 24704.2); Best Actor: Best Spiderman Among Us (23706.1 and 23706.2); Warmest Tribute to Alma Mater (24709.2); Ultimate Movie Buff Award (23701.1); Best Soundtrack with Original Lyrics (24704.2), the lines from which are sung by half the faculty. It was possible to watch the films in advance and leave your vote by following the link to the desired group, and at the skit they watched the most popular, memorable works again, meeting the requirements for sound quality and duration.

    — Special words of admiration and gratitude — to our hosts! For the second year, Ksenia Polischuk, Arina Takmakova and Yulia Kostyleva, all students of group 22707.1, were at the helm. They were assisted by Alena Brutyan (23705) and Semyon Kovalenko (22708). These are unique hosts, reacting live to everything that happens in the hall, dancing, singing, playing different instruments, raising the whole hall to sing songs in English in chorus, because they know the right songs! They made an invaluable contribution to the preparation and holding of two skits in a row and raised the bar for those who would come after them. And of course, not a single skit would have happened without our wonderful English teachers! They not only help their students, but, traditionally, they open and close each skit with their performances. On April 9, our hit, written back in 2016, was performed with the refrain Welcome to the new, brand new NSU, supplemented with words specifically about the anniversary 10th cabbage party, noted Svetlana Panova.

    The awarding of winners in the oral Olympiad and written translation competition, a lottery with prizes from sponsors, gifts and souvenirs – all these integral attributes of the skits became possible thanks to the support of the faculty. The holiday ended with a pie with candles, balloons, the lines Happy Birthday to you! and the final song It’s Not a Final Countdown.

    The cabbage party was a success! See you next year!

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

    MIL OSI Russia News –

  • MIL-OSI China: ‘The sky won’t fall’ for China’s export: customs official

    Source: China State Council Information Office

    Despite a complex and challenging external environment, “the sky won’t fall” for China’s export, a Chinese customs official told a press conference on Monday.

    China’s total goods imports and exports in yuan-denominated terms expanded 1.3 percent year on year in the first quarter of this year, data from the General Administration of Customs (GAC) showed on the same day.

    In recent years, China has made steady progress in diversifying its foreign trade markets and deepening industrial and supply chain cooperation with partners around the world, according to Lyu Daliang, an official with the GAC.

    “These efforts have not only supported our partners’ development but also enhanced our own resilience,” Lyu said.

    He emphasized that China’s vast domestic market remains a strong backup for the economy, adding that the country will turn domestic certainty into a buffer against global volatility. 

    MIL OSI China News –

  • MIL-OSI: 20/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 20 / 2025
    Schindellegi, Switzerland – 14 April 2025


    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. The buyback program will not be active from 9 to 15 April 2025. For details, please see company announcement no. 7 of 28 February 2025.

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

    Date      Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 52,126 85.85 4,475,156
    7 April 2025 2,500 77.00 192,500
    8 April 2025 2,583 80.66 208,345
    9 April 2025     Pause
    10 April 2025     Pause
    11 April 2025     Pause
    Accumulated 57,209 85.23 4,876,001

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

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 57,209 at a total amount of DKK 4,876,001.
    On 25 March 2025, 1,352 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025).
    On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 292,243 treasury shares, corresponding to 1.5%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,452,656.

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

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Offshoring solutions provider Yempo to run 2025 Australia roadshow

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 14, 2025 (GLOBE NEWSWIRE) — From 12 May to 10 June, industry-leading specialist offshoring solutions company Yempo will be running its 2025 roadshow in Australia, where its story began 11 years ago.

    Yempo is a specialist provider of Philippines-based accounting, finance, and Information Technology (IT) professionals to businesses in Australia, UK, US, Canada, New Zealand, Hong Kong, and Japan. It is led by Australian CEO Michelle Fiegehen, an experienced senior director.

    “Each year, we make it a point to visit clients in Australia to understand how they are doing and how we can serve them better. But this year’s trip is extra special as we celebrate a decade of excellence in providing offshore IT and accounting talent, and we are introducing outsourcing to more businesses in my home country,” said Fiegehen.

    Yempo has received multiple citations in the industry, including the Best Offshoring Solutions Provider from the Global Business Awards in 2023, and the ISO 9001: Quality Management Systems certification. According to the ISO website, implementing the ISO 9001 means that an organisation has “put in place effective processes and trained staff to deliver flawless products or services time after time.”

    Fiegehen, meanwhile, was named one of the Top Emerging Women Leaders of 2024 by the Victory Magazine, APAC’s 10 High-Performing CEOs from the Philippines in 2023, and the Best CEOs of the Year by The CEO Views in 2022.

    Among the company’s satisfied clients in Australia is SDJA Audit Specialists, whose Director Simon Joyce says, “Yempo provides peace of mind, and a one-stop shop from job spec to ad, interview, employment, admin, tech, payroll.​ Its fully integrated model means they are an extension of our local team.”

    In keeping with Yempo’s commitment to giving back to community, clients are also able to contribute to its highly regarded Corporate Social Responsibility (CSR) programme, which benefits children’s charities and animal rescue foundations.

    Register to meet Yempo’s CEO in Sydney, Melbourne, or Perth here or visit yempo-solutions.com today, to learn more about the company’s IT and accounting offshoring services. 

    Contact person:

    Michelle Fiegehen, CEO

    michelle@yempo-solutions.co

    The MIL Network –

  • MIL-OSI Asia-Pac: Security education day set for Apr 15

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government announced that the 10th National Security Education Day will be held tomorrow, marking the fifth anniversary of the implementation of the Hong Kong National Security Law, as well as the first anniversary of the legislation and implementation of the Safeguarding National Security Ordinance.

     

    The Committee for Safeguarding National Security of the Hong Kong Special Administrative Region will hold the Opening Ceremony & Seminar of the National Security Education Day at the Convention & Exhibition Centre tomorrow morning.

     

    CPC Central Committee Hong Kong & Macao Work Office Director and State Council Hong Kong & Macao Affairs Office Director Xia Baolong will attend the opening ceremony and deliver a keynote speech via video link.

     

    Hong Kong SAR Chief Executive and Hong Kong National Security Committee Chairman John Lee extends his very warm welcome and expresses sincere gratitude to Director Xia Baolong for his care, guidance and support for Hong Kong all along.

     

    Mr Lee pointed out that at present, the world is undergoing unprecedented changes at an accelerating pace. With Hong Kong faced with ever-changing national security risks, the Hong Kong SAR Government will resolutely, fully and faithfully implement the “one country, two systems” principle, deepen the understanding of a holistic approach to national security, continuously improve the legal system and enforcement mechanisms for safeguarding national security, and actively promote national security education across society.

     

    Moreover, he highlighted that the Hong Kong National Security Committee organises the opening ceremony of the National Security Education Day and co-ordinates a series of school and community activities, which help to promote national security education, encourage community-wide participation, and continuously strengthen the community’s awareness and atmosphere of safeguarding national security of their own accord.

     

    “While we strive on all fronts to develop a vibrant economy, advance development and improve people’s livelihood, we must also make every effort to safeguard national sovereignty, security and development interests, so as to contribute more to the country’s opening-up at a higher level,” the Chief Executive added.

    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Grants awarded to community organisations promoting women’s safety

    Source: Northern Territory Police and Fire Services

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 11/04/2025

    In a further step towards enhancing the safety and wellbeing of women and gender diverse people in the ACT, the ACT Government has awarded $100,000 in grants to nine dedicated community groups.

    In announcing the grants, the Minister for Women, Dr Marisa Paterson, said that it underscores the government’s commitment to promoting health, safety, and empowerment within our community.

    “These initiatives address critical issues such as domestic violence, financial abuse, and the unique challenges faced by culturally and linguistically diverse communities,” Minister Paterson said.

    “The ACT Government is committed to enhancing the lives of women and gender diverse people in the ACT. We’re proud to support community organisations that are working to empower women and create a safer community for everyone,” said Minister Paterson.

    Among the recipients, SiTara’s Story Incorporated received $10,500 for its EmpowerHER: Breaking Silence, Building Strength program to raise awareness of domestic violence and provide educational resources about financial abuse and coercive control to women from culturally and linguistically diverse backgrounds. The Queanbeyan Multilingual Centre Inc was awarded $7,500 to facilitate the translation of court orders, ensuring that individuals from diverse backgrounds can fully understand legal proceedings.

    The Domestic Violence Crisis Service Inc received $2,000 for the National Day of Remembrance ACT Candle Lighting Ceremony, which honours the lives lost to domestic, intimate partner, and family violence. WaterWombats Aquatic Disability Services Ltd was granted $15,000 for its ACT Women’s Disability Safe and Connected Project, offering coaching, mentoring, psychoeducation, and aqua-yoga to women living with or supporting those with disabilities.

    Sakhi Incorporated was awarded $11,380 to develop a culturally informed handbook promoting women’s safety within the South Asian community. Families ACT (FACT) Inc received $15,000 to establish a First 1000 Days Coalition, focusing on the health and wellbeing of mothers, birth parents, and children during the critical first 1000 days.

    The Forcibly Displaced People Network Ltd was granted $19,900 for a 12-month project aimed at enhancing safety and support for LGBTIQA+ refugees, asylum seekers, and migrants in the ACT. Woden Community Service Limited received $10,000 for its EmpowerHER: Art, Resilience and Community project, which will facilitate art workshops for women affected by domestic violence, helping them form community connections and assist with their recovery. Lastly, Beryl Women Incorporated was awarded $8,720 for professional development to enhance the knowledge and skills of its team.

    “These projects align with the four priorities identified in the National Plan to End Violence against Women and Children 2022-2032: prevention, early intervention, response, and recovery and healing,” Minister Paterson said.

    Quote attributable to Dr. Shamaruh Mirza, Founder and President of SiTara’s Story Incorporated:
    “At EmpowerHER: Breaking Silence, Building Strength, we are dedicated to amplifying the voices of CALD women who face unique challenges in recognizing and addressing domestic violence. This funding is instrumental in enabling us to create impactful podcasts and a documentary, fostering awareness and providing vital resources. We believe that education is key to transformation, and through community-led discussions and showcases, we will empower women to reclaim their narratives and advocate for their rights.”

    Quote attributable to Carol Jennings, Founder of WaterWombats:
    “The WaterWombats Disability Safety in Connection project will focus on delivering support services for women living with a disability or supporting those living with a disability. Small group programs will be delivered for both mental and physical health – which include group education sessions and social connection and physical health initiative in the form of an aqua yoga program. The program currently delivers free family counselling and social work services to attending families. This grant funding enables us to widen the scope of support and services to those in need.”

    – Statement ends –

    Marisa Paterson, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI China: Full text of Xi’s signed article in Vietnamese newspaper

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

    BEIJING, April 14 — A signed article by General Secretary of the Communist Party of China Central Committee and Chinese President Xi Jinping titled “Building on past achievements and making new advances in pursuit of shared goals” was published Monday in the Nhan Dan Newspaper of Vietnam as he is traveling to Vietnam for a state visit to the country.

    The following is the full text of the article:

    Building on past achievements and making new advances in pursuit of shared goals

    Xi Jinping

    General Secretary of the Communist Party of China Central Committee and President of the People’s Republic of China

    Late spring is full of vitality. As China and Vietnam celebrate the 75th anniversary of diplomatic relations, I will soon pay a state visit to Vietnam at the invitation of Comrade To Lam, General Secretary of the Central Committee of the Communist Party of Vietnam, and Vietnamese President Comrade Luong Cuong. This will be my fourth visit to this beautiful country since I became General Secretary of the Central Committee of the Communist Party of China and President of the People’s Republic of China. I look forward to renewing friendship with Vietnamese leaders, discussing ways of boosting cooperation, and drawing up a new blueprint for the China-Vietnam community with a shared future in the new era.

    China and Vietnam are friendly socialist neighbours sharing the same ideals and extensive strategic interests. The profound friendship between the two parties and two peoples, forged decades ago, has grown stronger as we explore a socialist path suited to our respective national conditions and advance our respective modernization drive. Building the China-Vietnam community with a shared future that carries strategic significance serves the common interests of our two countries and is conducive to peace, stability, development and prosperity in our region and beyond. It conforms with the trend of history. And it is the choice by our peoples.

    The China-Vietnam community with a shared future is inherited from our distinctive revolutionary traditions. During modern times, pioneers of Chinese and Vietnamese revolutions together explored a path to national salvation and made important contribution to the Third World’s victory in the struggle against colonialism and imperialism. The historical site of the Vietnamese Revolutionary Youth League in Guangzhou and the site of the office of the League for Independence of Vietnam in Jingxi, Guangxi Zhuang Autonomous Region bear witness to the revolutionary friendship between China and Vietnam. President Ho Chi Minh joined and supported the Chinese People’s War of Resistance Against Japanese Aggression in Yan’an, Guilin, Chongqing and Kunming. China sent military and political advisers in support of the Vietnamese people’s War Against French Occupation. The Communist Party of China and the Chinese government and people gave full support for Vietnam’s just War Against U.S. Aggression to Save the Nation. The well-known line: “The friendship between Vietnam and China is so profound because we are both comrades and brothers,” is etched on our shared revolutionary memory.

    The China-Vietnam community with a shared future is based on strong political mutual trust. In recent years, General Secretary Nguyen Phu Trong, General Secretary To Lam and other Vietnamese leaders and I have visited each other many times, steering the course for building a China-Vietnam community with a shared future. Our two parties and two countries have kept close high-level engagement. Mechanisms such as the steering committee for bilateral cooperation, the party-to-party theoretical symposium, the border defence friendship exchange, and the conference on crime control between the two public security ministries are functioning smoothly. High-level mechanisms including the joint committee between the National People’s Congress of China and the National Assembly of Vietnam have been established. The “3+3” strategic dialogue on diplomacy, defence and public security between our two countries has been held successfully. China and Vietnam hold similar positions on many regional and international issues and have engaged in close coordination on them.

    The China-Vietnam community with a shared future is rooted in our fruitful cooperation. China and Vietnam have pursued closer cooperation on industrial and supply chains amid a sluggish global economic recovery. China has been Vietnam’s biggest trading partner for over 20 years in a row, with total bilateral trade exceeding 260 billion USD in 2024. More and more quality Vietnamese agricultural products such as durian and coconut are available to Chinese consumers. Railway connectivity and the smart port development project are being steadily advanced. Solar panels, waste-to-energy plants and other bilateral clean energy projects have boosted electricity supply in Vietnam. The Cat Linh-Ha Dong metro line built by a Chinese company makes public transport in Hanoi more convenient. Contributing to each other’s success and pursuing common development, China and Vietnam have set an example of solidarity and cooperation in the Global South.

    The China-Vietnam community with a shared future is advanced by close people-to-people exchanges. Over the years, we have seen ever more people-to-people exchanges that foster increasingly closer ties between Chinese and Vietnamese peoples. Chinese tourists made more than 3.7 million visits to Vietnam in 2024. With the official launch of the Detian-Ban Gioc Waterfall Cross-Border Tourism Cooperation Zone and the opening of several cross-border road trip routes, visiting two countries in a single day has become possible. Chinese film and television productions and video games are popular among young Vietnamese, and more people in Vietnam are learning Chinese. Many Vietnamese songs are now on hot search lists on social media in China, and many Chinese diners relish pho and other Vietnamese delicacies.

    Today, global, epoch-making and historical changes are unfolding like never before, and the world has entered a new period of turbulent transformation. Despite the headwinds of mounting unilateralism and protectionism, the Chinese economy expanded by five percent in 2024, contributing around 30 percent to the global economy. It remains a key engine of the world economy. China’s new energy sector, artificial intelligence and animated films have come into global spotlight. China will continue to provide more opportunities to the world with its high-standard opening up, and will contribute to the development of all countries with its high-quality development.

    Asia represents a new elevation in global cooperation and development. At a new starting point toward revitalisation of the whole region, Asia faces both unprecedented opportunities and challenges. China will ensure continuity and stability of its neighbourhood diplomacy. We will stay committed to the principle of amity, sincerity, mutual benefit and inclusiveness. We will continue to pursue the policy of forging friendship and partnership with our neighbours. And we will steadily deepen friendly cooperation with them to advance Asia’s modernization.

    China is going all out to build a great modern socialist country and achieve the rejuvenation of the Chinese nation by pursuing Chinese modernization. Vietnam will usher in a new epoch of national development toward the two goals set for the centenary of the party and the country respectively. China always gives Vietnam high priority in its neighbourhood diplomacy. Our two countries should strengthen our efforts on all fronts to build the China-Vietnam community with a shared future, and contribute more to peace, stability, development and prosperity in Asia and the world at large.

    — We should deepen strategic mutual trust and advance the socialist cause. The two sides should act on the guidance of the leaders. The China-Vietnam steering committee for bilateral cooperation should coordinate our interactions more effectively to boost party, government, military, law enforcement and security cooperation; jointly tackle external risks and challenges; and uphold political security. China is ready to enhance exchanges of governance practices with Vietnam, explore and enrich together socialist theory and practices, and promote the steady development of the two countries’ socialist cause.

    — We should continue win-win cooperation and deliver more benefit to our two peoples. We should create greater synergy between our development strategies, implement well the cooperation plan between the two governments on synergizing the Belt and Road Initiative and the Two Corridors and One Economic Circle strategy, and build more platforms for economic and technological cooperation. China stands ready to advance cooperation with Vietnam on the three standard-gauge railways in northern Vietnam and the smart port. China welcomes more quality Vietnamese products in the Chinese market and encourages more Chinese enterprises to invest and do business in Vietnam. Our two countries should step up cooperation on industrial and supply chains, and expand cooperation in emerging areas such as 5G, artificial intelligence and green development to create more benefits for the two peoples.

    — We should strengthen people-to-people exchanges and forge a closer bond between our peoples. This year is the China-Vietnam Year of People-to-People Exchanges, and we should use this opportunity to promote people-to-people exchanges in diverse forms. China welcomes Vietnamese visitors to travel across China and encourages Chinese tourists to visit scenic sites in Vietnam. Our two countries should carry out more activities that will bring our two peoples together such as the friendly meeting between youth and festive events in border areas. We should further tap into our revolutionary resources and tell stories of friendship that resonate with our two peoples, so as to pass on the baton of China-Vietnam friendship from generation to generation.

    — We should enhance multilateral collaboration and promote Asia’s prosperity and revitalization. This year marks the 80th anniversary of the victory in the Chinese People’s War of Resistance Against Japanese Aggression and the World Anti-Fascist War as well as the 80th anniversary of the founding of the United Nations. Our two countries should firmly uphold the UN-centered international system and the international order underpinned by international law. It is important that we pursue the Global Development Initiative, the Global Security Initiative and the Global Civilisation Initiative. It is also important that we promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization. We should work together with the Global South to uphold the common interests of developing countries. Trade war and tariff war will produce no winner, and protectionism will lead nowhere. Our two countries should resolutely safeguard the multilateral trading system, stable global industrial and supply chains, and open and cooperative international environment. We should strengthen coordination in mechanisms such as East Asia cooperation and Lancang-Mekong cooperation so as to ensure more stability for a changing and turbulent world and inject more positive energy in it.

    — We should properly manage differences and safeguard peace and stability in our region. The successful delimitation of our boundaries on land and in the Beibu Gulf demonstrates that with vision, we are fully capable of properly settling maritime issues through consultation and negotiation. The two sides should implement the common understanding reached between the leaders of the two parties and the two countries. We should make good use of the maritime negotiation mechanism so as to properly manage maritime differences, expand maritime cooperation, and build up conditions for the final resolution of the disputes. We should fully and effectively implement the Declaration on the Conduct of Parties in the South China Sea and actively advance the consultation on a Code of Conduct in the South China Sea. We should be impervious to all interference; bridge differences and expand common ground; and make the South China Sea a sea of peace, friendship and cooperation.

    Standing at this new starting point of history, China is ready to work with Vietnam to build on past achievements, write a new chapter in building the China-Vietnam community with a shared future, and contribute even more to building a community with a shared future for mankind.

    MIL OSI China News –

  • MIL-OSI: BNP Paribas SA: ACQUISITION BY BNP PARIBAS CARDIF OF AXA INVESTMENT MANAGERS – UPDATE

    Source: GlobeNewswire (MIL-OSI)

    ACQUISITION BY BNP PARIBAS CARDIF 
    OF AXA INVESTMENT MANAGERS – UPDATE

    PRESS RELEASE

    Paris, 14 April 2025

    After entering into exclusive negotiations on 1 August 2024, AXA and BNP Paribas Cardif signed a Share Purchase Agreement for AXA Investment Managers (AXA IM). The closing is expected in early July 2025.

    In this context, the BNP Paribas Group fully confirms the strategic and industrial interest of the transaction to build a leading platform in asset management that will allow the Group to become the forefront European player in the management of long-term savings assets for insurers and pension funds. This platform will benefit from AXA IM’s leading market position and its team’s expertise specialised in private assets, which will drive further growth with both institutional and retail investors.

    This acquisition aligns perfectly with the Group’s core mission of supporting the economy by mobilising savings to finance future-oriented projects, in the best interests of its clients.

    The ECB has recently expressed its opinion on the prudential treatment for the acquisition of asset managements companies.

    Should this interpretation be implemented and given the current status of the internal analyses carried out by the BNP Paribas Group, the anticipated impact on BNP Paribas Group’s CET1 ratio would stand at approximately -35 bps and the expected return on invested capital of the transaction would be above 14% in the third year and more than 20% in the fourth year. This impact is to be compared with an impact on the Group’s CET 1 ratio of -25 bps and an expected return on invested capital of 18% in the third year, presented at the launch of the transaction.

    As a consequence, under this interpretation, neither the Group’s overall profitability objectives, growth trajectory, nor its equity and CET1 trajectory would be modified.

    Specifically, the launch of the share buyback programme, announced in February 2025, to which the ECB has already given its approval, is maintained. More generally, the Group’s distribution policy in the form of dividends and return to shareholders remains unchanged.

    The conditions agreed to by the Group regarding the prudential treatment to be applied to this transaction will be communicated at the closing of the transaction, following the finalization of ongoing discussions with the relevant supervisory authorities on this topic.

    About BNP Paribas
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press Contacts:
    Sandrine Romano : sandrine.romano@bnpparibas.com ; + 33 6 71 18 13 05
    Giorgia Rowe : giorgia.rowe@bnpparibas.com ; + 33 6 64 27 57 96

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  • MIL-OSI: Ageas reaches agreement with Bain Capital to acquire esure and establish a top-3 UK personal lines platform

    Source: GlobeNewswire (MIL-OSI)

    Ageas reaches agreement with Bain Capital to acquire esure and establish a top-3 UK personal lines platform

    Ageas and Bain Capital agree GBP 1.295 billion (EUR 1.510 billion) cash transaction for esure
    Combination creates multi-channel motor and home insurer with broad customer appeal across the UK

    Ageas announces today that it has reached an agreement with Bain Capital to acquire esure 1, a leading digital personal lines insurer with strong positioning on price comparison websites (PCW) in the UK. The proposed transaction is fully aligned with Ageas’s strategic priorities for M&A in Europe under Elevate27. It increases Ageas’s European markets presence through the acquisition of a controlled entity, reinforces its positioning in the UK, generates shareholder value from the realisation of synergies and enhances the cash generation of the Group.

    The combination of Ageas UK and esure will create the third largest UK personal lines platform with a balanced and diversified distribution spanning Direct, PCW, brokers and partnerships. The acquisition of esure will enable Ageas UK to accelerate the diversification of its distribution strategy into the important PCW channel in the UK market. Its underwriting footprint will widen Ageas UK’s target customer demographics and enable growth to a top-line of GBP 3.25 billion (EUR 3.8 billion) by 2028.

    Ageas UK has established itself as an accomplished insurer over the past four years by focusing on profitable growth solely in the personal lines business with a specialism in broker distribution, outstanding technical insurance skills and technology, and successfully delivering insurance solutions for its distribution partners and over 4 million customers.

    esure is a leading UK personal lines insurer with a fully digital distribution model through the PCW channel and three popular brands – esure, Sheilas’ Wheels and First Alternative. In 2024, esure had more than 2.1 million policies and GWP of GBP1 billion (EUR 1.2 billion).

    The acquisition of esure creates significant potential for operational synergies and capital benefits to be realised in the medium term. We expect economies of scale in our UK personal lines portfolio and the accelerated implementation of the EIS IT platform, including esure’s complementary claims module, to drive operational efficiencies and cost avoidance for Ageas UK. Continued focus on technology, data and AI is expected to create further competitive advantages. In addition, capital benefits from enhanced diversification and the inclusion of esure in Ageas’s partial internal model are expected to emerge over time.

    Under the terms of the transaction, Ageas will pay Bain Capital a cash consideration of GBP 1.295 billion (EUR 1.510 billion) for esure, respecting a Solvency II target ratio of 150% as at year-end 2024. The Group’s capital position will remain robust with Solvency II ratio expected to decrease by approximately only 10pp thanks to the inclusion of around EUR 1 billion of Own Funds instruments in the financing mix.

    The transaction will be financed through a combination of surplus cash and newly issued senior and hybrid debt and/or equity within the existing authorisations and subject to market conditions. A fully underwritten 2-year bridge facility is provided by BofA Securities and Deutsche Bank Luxembourg S.A..

    The integration of Ageas UK and esure is anticipated to be completed, in all material respects, during the Elevate27 strategic cycle. Entering the next strategic period, we project that the transaction will generate a full cost saving potential in excess of GBP 100 million (c. EUR 115 million) per annum, before tax. On a run-rate basis, this transaction is expected to generate an unlevered return on investment of over 12% for Ageas and an uplift in the Return on Equity of more than 1pp. It will become Holding Free Cash Flow accretive per share of c. 10% as from 2028.

    The completion of the transaction is expected to occur in 2H 2025 and remains subject to regulatory approvals.

    Commenting on the agreement, Hans De Cuyper, Ageas Group CEO, said: “We are delighted to have reached an agreement to acquire esure. In recent years, Ageas has experienced significant growth in the UK, making it an increasingly important part of the Group. This transaction will allow us to offer competitive value propositions to a wider customer profile via a multi-channel distribution model, positioning Ageas UK as one of the top three personal lines insurers. Acquiring esure also supports our strategic ambitions of re-balancing our Group profile towards businesses with high cash conversion. We remain, of course, committed to our Elevate27 financial objectives, including our commitment to a progressive dividend policy, and will observe the full synergies of this transaction in the forthcoming strategic period.”

    Ant Middle, Ageas UK CEO, said: “esure is a significant addition to the Ageas UK business and aligns perfectly with our growth strategy. As demand for motor and home insurance grows, Ageas will be perfectly positioned to gain market share and become the insurer of choice for our existing and new customers. The combined Ageas and esure franchise will benefit from an outstanding customer offering, through market leading technology and prominent brands, that will drive our expansion into new customer demographics. Under Elevate27, we want to continue to grow our broker and partnerships personal lines business in the UK, and esure will help us to rapidly expand our direct distribution, our customer reach, and our scale overall. esure’s technical capabilities will match Ageas UK’s and will enable us to develop our well-balanced business at greater pace and serve a wider range of customers. We’re really excited for the potential this brings our UK business and wider Group.”

    David McMillan, esure Group CEO, said: “This transaction brings together two highly complementary businesses and creates an even stronger platform for continued innovation, growth and excellent delivery for our customers. Combining Ageas’s scale, financial strength and excellent broker relationships with esure’s strong retail brands, market-leading data capabilities and strength on PCWs, alongside a shared technology platform, will enhance our combined ability to invest in our customer proposition and open up new opportunities for growth. I am deeply proud of what the esure team has achieved to date. We look forward to working alongside the Ageas team to build the UK’s leading personal lines insurer.”

    Luca Bassi, Partner at Bain Capital, said: “We are pleased to have supported esure through its transformation and growth journey. During our ownership, esure has built the leading tech platform in UK insurance and their highly efficient operations have set a new standard for the industry. This transaction is a testament to esure’s strong market position and the state-of-the-art technology platform built under Bain Capital’s tenure, with the business now at record levels of profitability. We are confident that Ageas is the right partner to continue this legacy of success and innovation.”

    BofA Securities is acting as financial adviser and Allen Overy Shearman Sterling LLP is acting as legal counsel to Ageas in relation to the transaction.

    Fenchurch Advisory Partners LLP and Goldman Sachs International served as financial advisers to Bain Capital and esure. Weil, Gotshal & Manges (London) LLP served as legal adviser and Norton Rose Fulbright LLP served as regulatory adviser to Bain Capital and esure.

    Further information:

    For Ageas

    Michaël Vandenbergen, Ageas, michael.vandenbergen@ageas.com, +3225575736

    Chris Sibbald / James Leviton, FGS Global, ageas-uk@fgsglobal.com, +447855955531

    For Bain Capital

    Sean Palmer, Camarco, baincapital@camarco.co.uk, +447591760844

    For esure group

    esure@teneo.com

    For analysts:

    An analyst meeting regarding this transaction will be held on Monday, April 14, 2025, from 10:00 to 11:00 am CET (9:00 to 10:00 am UKT). The Teams call can be accessed using the following link: https://ageas.com/en/esure-2025

    Note to editors:

    To support its expansion, in 2024 Ageas UK announced a partnership with Saga, growing its offering to the over-50s segment, which is strategically in line with Ageas’s focus on an ageing population.

    Ageas is a listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 18.5 billion in 2024.

    esure Group is one of the UK’s leading providers of Motor and Home insurance products through the esure, Sheilas’ Wheels and First Alternative brands. Founded in 2000, esure Group has the scale, heritage and expertise capable of inspiring the trust and confidence of their 2.1m customers, combined with the entrepreneurial mindset and agility of an insurtech. esure Group is focused on using their market-leading technology platform, insights and data, alongside fantastic customer service, to deliver more personalised experiences that meet the evolving needs and expectations of customers.

    Founded in 1984, Bain Capital is one of the world’s leading private investment firms. The firm has a significant history in Europe, starting with the establishment of a London office in 2000 and expanding to include other European locations, with a focus on private equity, credit and special situations investments. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 1,850 employees, and approximately $185 billion in assets under management. To learn more, visit www.baincapital.com. Follow @BainCapital on LinkedIn and X (Twitter).

    Bank of America Europe DAC (“BofA Securities”) is acting as financial adviser exclusively for Ageas and for no one else in connection with the transaction and will not be responsible to anyone other than Ageas for providing the protections afforded to its clients or for providing advice in relation to the transaction or any other matters referred to in this announcement.

    1 Under the terms of the transaction, Ageas will acquire 100% of the issued and to be issued share capital of Blue (BC) Topco Limited, a holding company for esure Group plc and its subsidiaries.

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    The MIL Network –

  • MIL-OSI China: British parliament passes emergency law to save British Steel

    Source: China State Council Information Office

    The British Parliament Saturday passed an emergency law granting the government sweeping powers to take control of British Steel, the last in Britain capable of producing steel from iron ore.

    The Scunthorpe facility supplies the vast majority of the country’s rail tracks. The legislation was introduced in response to British Steel’s plan to shut down its blast furnaces at Scunthorpe, citing unsustainable financial losses.

    In an extraordinary Saturday sitting, the first in over four decades, both Houses of Parliament returned from Easter recess to fast-track the Steel Industry (Special Measures) Act, which received royal assent the same day.

    The new law empowers the Business Secretary to intervene directly in steel operations, order the procurement of raw materials, mandate the payment of workers, and even seize assets “using force if necessary.”

    MIL OSI China News –

  • MIL-OSI China: US exempts smartphones, computers from ‘reciprocal tariffs’

    Source: China State Council Information Office 3

    The U.S. Customs and Border Protection announced in an updated guidance late Friday that the government has exempted smartphones, computers and other electronic products from its “reciprocal tariffs.”

    The document stated that the exemption applies to electronic products entering the United States after April 5, and “reciprocal tariffs” already paid can be refunded upon request.

    “This is a massive U-Turn in tariff policy,” said the Kobeissi Letter, a financial newsletter on social media X.

    The latest announcement could potentially cushion consumers from sticker shock while benefiting electronics giants including Apple Inc. and Samsung Electronics Co., according to Bloomberg.

    The broad and unpredictable tariff policies have triggered turbulence in financial markets and even drawn criticism from key figures within the Republican Party, including former Vice President Mike Pence.

    MIL OSI China News –

  • MIL-OSI China: Hong Kong’s InnoEX 2025 draws record global exhibitors, spotlights low-altitude economy

    Source: China State Council Information Office 3

    The third edition of InnoEX, a four-day innovation and technology expo, kicked off in Hong Kong on Sunday, spotlighting cutting-edge advancements in AI, robotics, low-altitude economy, cybersecurity, and smart mobility.

    Co-organized by the Innovation, Technology and Industry Bureau of the Hong Kong Special Administrative Region government and the Hong Kong Trade Development Council (HKTDC), the event aims to foster global collaboration in tech innovation, focusing on the theme of “Innovate, Automate and Elevate”.

    Sun Dong, secretary for Innovation, Technology and Industry, said the expo brings together entrepreneurs, investors, and tech leaders worldwide through exhibitions, networking sessions, and seminars, creating opportunities for international partnerships.

    HKTDC Executive Director Margaret Fong said this year’s InnoEX features over 500 exhibitors from 17 countries and regions, including first-time participants such as Australia, Luxembourg, Malaysia, Sweden, and the United Arab Emirates, alongside expanded showcases from Japan, Thailand, and the UK.

    Running concurrently, the 21st Hong Kong Electronics Fair (Spring Edition) focuses on smart home solutions, health tech, and wearable devices.

    As core events of Hong Kong’s International I&T Business Week 2025, the twin expos have drawn more than 2,800 exhibitors from 29 countries and regions.

    Ida Liu, marketing director of Seagull (Suzhou) Flying Car Limited, said in an interview that the company is leveraging Hong Kong’s global connectivity to expand its international presence and explore partnerships.

    Derek Chim, head of Startup Ecosystem and Development at Hong Kong Science and Technology Parks Corporation (HKSTP), said the InnoEX has become a flagship innovation and technology exhibition in Asia, attracting industry experts, investors and buyers from around the world.

    “We will seize this opportunity to accelerate the expansion of tech enterprises in the Asia-Pacific region and global markets,” he added.

    The expo also features four themed days, each hosting forums on trending tech topics, further enriching the exchange of ideas. 

    MIL OSI China News –

  • MIL-OSI China: China expands pilot programs to accelerate service opening up

    Source: China State Council Information Office

    China will expand its comprehensive pilot programs to more cities to accelerate the opening up of the service sector, according to the State Council on Friday.

    Nine additional cities — Dalian, Ningbo, Xiamen, Qingdao, Shenzhen, Hefei, Fuzhou, Xi’an, and Suzhou — will be able to carry out comprehensive pilot programs, the State Council said in its approval of a work plan that aims to expand comprehensive pilot programs.

    Efforts should be made to expand voluntary opening up in an orderly manner, tap into the potential of China’s supersized market, promote high-quality development of the service sector, and contribute to building new institutions for a higher-standard open economy, according to the State Council.

    The pilot programs will cover key sectors such as finance and healthcare and include measures like improving social security services for foreign residents and promoting inter-hospital data sharing, according to the Ministry of Commerce.

    China’s annual trade in services exceeded $1 trillion for the first time last year, demonstrating significant potential for further growth.

    MIL OSI China News –

  • MIL-OSI China: China’s courier sector sees robust growth in parcel handling

    Source: China State Council Information Office

    China’s express delivery volume has surpassed 50 billion parcels as of April 11 this year, reaching the milestone 18 days earlier than in 2024, according to data released by the State Post Bureau on Saturday.

    The figure translates to roughly 35 packages per person so far this year, with around 500 million parcels crisscrossing the country each day.

    A series of pro-consumption policies has supported steady growth in consumer spending, fueling continued expansion in the express delivery market, the bureau said.

    Under the country’s consumer goods trade-in initiative, 100.35 million new home appliances were sold by April 10, driving the surge in parcel volumes.

    Local specialties are reaching broader markets at a faster pace. For instance, Yunnan coffee is now served in coffee shops across the country, Zhejiang’s tea is being enjoyed nationwide, and seasonal agricultural products such as spring bamboo shoots and ornamental plants are reaching consumers more swiftly, thanks to improved logistics and spring promotions from e-commerce platforms, the bureau said.

    The robust growth in parcel deliveries reflects a steadily recovering consumer market, accelerated industrial upgrading, and a stable, improving economy, said Liu Jiang, an expert with the Development Research Center of the bureau.

    In 2024, China’s express delivery sector handled more than 174.5 billion parcels and generated over 1.4 trillion yuan (about 193 billion U.S. dollars) in revenue, marking year-on-year increases of 21 percent and 13 percent, respectively. The country has maintained its position as the world’s largest express delivery market for 11 consecutive years.

    Looking ahead, as pro-consumption policies continue to take effect and new growth drivers gather momentum, the courier sector is expected to further facilitate the smooth flow of economic activity and enhance the efficiency of the real economy, injecting stronger momentum into high-quality development, the bureau said. 

    MIL OSI China News –

  • MIL-OSI New Zealand: Transport – Driver licence changes will benefit road transport industry

    Source: Ia Ara Aotearoa Transporting New Zealand

    Road freight industry group Transporting New Zealand is welcoming proposed changes to driver licensing rules, saying they will help encourage more young people to become truck drivers.
    Transport Minister Chris Bishop says the changes would remove the need for new drivers to take a second practical test to get their full licence. Other proposed changes include toughening up alcohol restrictions and reducing the number demerit points required before a driver can have their licence suspended.
    Transporting New Zealand chief executive Dom Kalasih says that attracting more young drivers is critical for the future of the industry. A large proportion of truck drivers are older, with many of them over 60, and as they retire that will lead to a driver shortage, which in turn will hurt the economy. Other countries are also facing this issue.
    In the recent 2025 National Road Freight Industry survey, conducted by Research New Zealand, almost all industry respondents ranked workforce challenges as one of the top issues facing the industry with 94 per cent of respondents agreeing that the industry needs to attract more young people. There was also general agreement the current heavy vehicle driver licensing system makes it too difficult for new entrants to join the road freight industry.
    Kalasih says getting their class one licence is the essential first step for young drivers progressing on to more specialised heavy vehicle licences, but fewer young people have been getting their licences compared with recent decades. He supports any move that makes it easier for young people to get their licence.
    However, Kalasih agrees with the Automobile Association that safety is the number one priority and that the details of the proposed changes must be carefully examined. He welcomes the road transport industry being involved in consultation before the changes are introduced in the middle of next year.
    About Ia Ara Aotearoa Transporting New Zealand
    Ia Ara Aotearoa Transporting New Zealand is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country.
    Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4700 businesses, with an annual turnover of $6 billion.

    MIL OSI New Zealand News –

  • MIL-OSI Africa: Smallholder Farmer Programme empowers 100 farmers

    Source: South Africa News Agency

    One hundred smallholder farmers in KwaZulu-Natal have received training in herb and spice cultivation enabling them to become suppliers for Unilever’s supplier localisation programme, said the Department of Agriculture (DOA).

    This is a result of the Jozini Smallholder Farmer Programme by the DOA, Unilever South Africa and the KwaZulu-Natal provincial Department of Agriculture and Rural Development (DARD). The Programme is aimed at promoting sustainability, improving livelihoods, and empowering smallholder farmers in the Jozini region.

    The 100 farmers participated in a comprehensive training aligned with Agricultural Sector Education and Training Authority (AgriSETA) unit standards, covering practical and theoretical aspects of herb and spice farming.

    “Through the programme, I’ve gained important skills for nurturing crops, preparing soil, identifying issues, and taking necessary actions to support crop growth. It has also taught me the steps involved in the farming process. 

    “I’m happy that Unilever is assisting us by providing access to marketplaces to sell our produce, helping to prevent financial losses. I encourage young people and women to join such programmes to learn about farming, which can be a viable source of income,” Jozini smallholder farmer, Zinhle Manzini said.

    The farmers also received a tractor while there was also an unveiling of a drying tunnel, symbolising the support and resources for the farmers.   

    Agriculture Minister John Steenhuisen emphasised the importance of collaboration to address the challenges faced by the country.

    “Partnerships are very important… we recognise that if we try and do things on our own, we won’t get far, but if we work together, we can go far. Partnerships go beyond just something on paper, or what we say is a priority. Partnerships are rooted in our core philosophy as South Africans – Ubuntu,” the Minister said.

    Unilever South Africa CEO Justin Apsey said the initiative will improve the livelihoods of the farmers.

    “This initiative will not only improve the livelihoods of smallholder farmers but also contribute to a more sustainable agricultural sector. This is a capacity-building initiative empowering and alleviating unemployment while providing a decent life in the heart of KwaZulu-Natal,” said Apsey.

    The programme is also aimed at creating employment opportunities, enhancing the skills of local farmers, and promoting sustainable agricultural practices.

    By empowering smallholder farmers, the initiative will contribute to the economic growth and development of the Jozini region. –SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Government reiterates commitment to water security

    Source: South Africa News Agency

    Sunday, April 13, 2025

    The Deputy Minister of Water and Sanitation, David Mahlobo, has reaffirmed government’s commitment to ensuring water security for all South Africans through innovative partnerships and transformative solutions.

    “Water is the lifeblood of our nation’s development. By combining government’s resources with the innovation and expertise of the private sector, particularly through organisations like the Black Business Council in the Built Environment (BBCBE) that champion transformation, we can overcome our water challenges and build a resilient future for all South Africans,” the Deputy Minister said on Friday.

    He was addressing the BBCBE Built Environment Indaba at the Gallagher Convention Centre in Midrand, which was taking place under theme: “Built Environment Partnering with Our Government to Deliver Infrastructure Projects through Innovative Funding and Delivery Models.”

    The Deputy Minister urged the built environment sector to leverage its expertise and global networks to drive innovation, mentorship, and investment. 

    “Water challenges as experienced in most parts of the country require bold and collaborative solutions from all of us. Together, we can harness technology, finance, and partnerships to achieve Sustainable Development Goal (SDG) 6 on clean water and sanitation for all,” he said.

    This as the Department of Water and Sanitation remains steadfast in its mission to secure South Africa’s water future. 

    Mahlobo’s address underscored the need for unity across government, the private sector, academia, and civil society to transform challenges into opportunities for sustainable growth. –SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI Africa: Eskom maintenance plan continues

    Source: South Africa News Agency

    While load shedding remains suspended due to a stable power system, Eskom says ongoing planned maintenance continues at high levels, with unplanned outages showing a year-on-year reduction of approximately 2.9%.

    “Emergency reserves are adequate and being used strategically to meet peak demand, while ongoing planned maintenance continues at 14.85% of generation capacity, marking a 3.8% increase compared to the same period last year,” Eskom said on Friday.

    The high level of planned maintenance aims to enhance fleet reliability for the anticipated increased peak winter demand while also ensuring compliance with environmental and regulatory requirements.

    “Currently, 7 402MW of the generation capacity is under planned maintenance. The Unplanned Capacity Loss Factor (UCLF), or unplanned outages, for the financial year-to-date (1 to 10 April 2025), stands at 28.50%, improving by an ~2.85% from 31.35% achieved in the same period last year.

    “Eskom has spent R3.6 billion on diesel over the past 30 days, (12 March to 10 April 2025) representing a 2.5% decrease compared to the previous 30-day period,” the power utility said.

    A total of 3 130MW will be returned to service before the evening peak on Monday, 14 April 2025, to further stabilise the grid.

    Key performance highlights:

    •    From 7 to 10 April 2025, average unplanned outages reduced to 13 105MW, showing a significant improvement of 1 691MW compared to the same period last year. Year-to-date (1 April 2025 until 10 April 2025) average unplanned outages stand at 13 578MW.
    •    As of Friday, unplanned outages have significantly decreased by 2 044MW, currently at 11 564MW compared to 13 608MW last week. The available generation capacity stands at 28 662MW, while tonight’s peak demand is forecasted at 26 788MW.
    •    The year-to-date Planned Capacity Loss Factor (planned maintenance) is 14.85%, approximately 3.8% higher than the 11.03% recorded during the same period last year, indicating an increase in planned maintenance activities.
    •    From 1 to 10 April 2025, the year-to-date EAF stands at 56.11%, slightly below compared to the same period last year (57.16%), mainly due to higher planned maintenance.
    •    Year-to-date (1 to 10 April 2025), Eskom spent approximately R1.34 billion on fuel for the Open-Cycle Gas Turbines (OCGTs) fleet, generating 228.33GWh. This is higher than the 64.09GWh generated during the same period last year. This is expected to decrease as maintenance activities begin to slow down.
    •    The OCGT load factor increased to 29.95% in the past week (4 to 10 April 2025), up from 22.69% recorded between 27 March to 3 April 2025. This is higher than the 9% recorded during the same period last year.
    •    Year-to-date (1 to 10 April 2025), the OCGT load factor is 27.87%, higher than last year’s figure of 7.82%.

    Eskom has urged the public to help prevent transformer overloads and related equipment failures, which can result in explosions and prolonged outages.

    “This can be achieved by avoiding illegal connections, purchasing electricity only from Eskom-accredited vendors and ensuring that customers take responsibility for regularising their electricity usage. Eligible households are encouraged to register for free basic electricity with their local municipalities,” the power utility said.

    Any illegal activity impacting Eskom’s infrastructure should be reported to the Eskom Crime Line at 0800 112 722 or via WhatsApp on 081 333 3323. –SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Small business urged to apply for tourism opportunities

    Source: South Africa News Agency

    Small businesses have been encouraged to apply for opportunities provided by the Department of Tourism.

    “The Department of Tourism is dedicated to creating an inclusive, sustainable, and resilient tourism economy. We have a variety of programmes with the specific aim of promoting tourism, alleviating poverty and creating jobs,” Tourism Deputy Minister Maggie Sotyu said.

    Addressing a stakeholder engagement at the Fezile Dabi District Municipality in the Free State, the Deputy Minister said small businesses face challenges that threaten their survival and growth. 

    These include limited access to funding and financial support, skills gap in business management and digital transformation, market access and a lack of exposure to international tourists.

    “As the government, our role is to enable and empower small, medium, and micro enterprises (SMMEs) to overcome these barriers and it is our duty to maximise every opportunity to empower these enterprises.

    “Embracing sustainable tourism by black-owned enterprises is not just about being part of a global trend, but is a necessity for resilience, competitiveness and profitability,” the Deputy Minister said on Friday.

    The department’s Market Access Support Programme offers financial support to small tourism enterprises to exhibit at tourism platforms.

    “I want to urge you to visit the Department of Tourism website at www.tourism.gov.za and look at this Market Access Support Incentive Programme. 

    “This week we are assisting 49 tourism SMMEs [small, medium, and micro enterprises] to promote their services at the World Travel Market Africa in Cape Town. We also want to encourage you to apply for our Green Tourism Incentive Programme which offers a win-win solution to tourism establishments and our greening objectives,” the Deputy Minister said.

    The Green Tourism Incentive Programme is a resource efficiency programme which aims to support tourism enterprises to reduce the cost of investing in energy and water efficient solutions. 

    “This incentive can greatly assist a tourism establishment to reduce their electricity and water bills in the long term. The department also established a Tourism Transformation Fund and Tourism Equity Fund to support the transformation efforts in the sector. 

    “The Transformation Fund offers a combination of debt finance and grant funding for new and expansion tourism development projects with majority black shareholding,” she said.

    For tourist guides, the department has a number of programmes including language training. 

    “We recently advertised for youth to apply for tourist guide training in Vredefort Dome and we are currently conducting tourist guide training in Golden Gate National Park. 

    “For youth in tourism, the department offers annually a bursary programme and learnership programmes, focusing on professional cooking, wine appreciation and hospitality, targeting youth with a specific interest in tourism,” said the Deputy Minister. –SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI New Zealand: Tourism turbocharge takes New Zealand to the world

    Source: New Zealand Government

    A major drive boosting New Zealand as an international travel destination will kick off with a $13.5 million turbocharge for global marketing activity, Tourism and Hospitality Minister Louise Upston has announced. 

    “We’re a Government relentlessly focused on growing the economy so Kiwis can get ahead. All the stats show tourism will play a leading role as that growth continues,” Louise Upston says.

    “Today I’m delighted to announce a $13.5 million investment for Tourism New Zealand to encourage more international visitors across multiple markets.

    “Encouraging more visitors means more people staying in our hotels, eating in our cafés, spending in our shops and visiting our attractions, creating jobs and driving economic growth.

    “The initial investment will include a focus on encouraging visitors from China, Australia, the United States, India, Germany and South Korea. In these countries and beyond there are millions of people actively considering coming here and experiencing all New Zealand has to offer. 

    “We know international marketing works, with around 14 per cent of international holiday visitors already being directly influenced by Tourism NZ’s marketing activity. 

    “We want to grow that influence. Our international visitor spending and visitor numbers have been rebuilding strongly, and we must make the most of that momentum. 

    “The $13.5 million announced today is estimated to result in more than 23,000 additional international visitors and spending an extra $100 million across the country. 

    “That will be a major boost, not just for tourism and hospitality providers, but in regions and communities throughout the country.

    “We have encouraging signs coming through from our ‘Everyone Must Go!’ campaign focused on Australia, but we won’t stop there.

    “2025 is our chance to reinforce the value of tourism and show what our humming, vibrant country has on show. New Zealand tourism is open for business. 

    “We already know our country has so much going for it. Now we need the global marketing to push that story even wider,” Louise Upston says.

    Specific campaigns will be announced as they continue to be developed during 2025.

    Notes for Editors

    Tourism’s key numbers

    • Tourism now contributes 7.5 per cent of GDP and continues to be our second highest export.
    • The Tourism Satellite Account shows total tourism expenditure in New Zealand of $44.4 billion for the year ending March 2024, an increase of $5.6 billion or 14.6 per cent compared to March 2023.
    • Overseas visitor expenditure increased by $6.3 billion (59.9 per cent) to $16.9 billion
    • International expenditure grew almost 60 per cent in the year ending March 2024.

    Tourism initiatives, funded through the International Visitor Conservation and Tourism Levy, in 2025 include:

    • $500,000 for marketing New Zealand as the ‘go now’ destination for Australians
    • $9 million for New Zealand Cycle Trail Fund to enhance the Great Rides
    • $3 million for a Regional Tourism Boost
    • $3 million to secure more business events for New Zealand
    • $2.45 million for the second round of the Regional Events Promotion Fund
    • And an additional $30 million to support conservation visitor related experiences

    MIL OSI New Zealand News –

  • MIL-OSI China: Ecological restoration brings economic return

    Source: China State Council Information Office 2

    Photovoltaic panels are installed on a reclaimed area of Changxu coal mine in Narisong, Inner Mongolia autonomous region, in August, 2024. [Photo/China Daily]
    While renewable energy is playing an increasingly important role in China’s green energy transition, coal mining still exists in some areas. In these areas, the government and local industry are taking steps to reduce the environmental impact, improve sustainable development and increase economic gains for local people.
    In the coal-mining town of Narisong in the Inner Mongolia autonomous region, locals say that not only is the air quality improving, but their wallets are getting fatter, too.
    The town of around 30,000 people has undergone five years of green reforms, which have seen its ecological landscape improve and economic growth increase.
    In Narisong’s 19 villages and two communities, collectives earned 14.4 million yuan ($2 million) in dividends last year alone, according to Hou Xianming, a member of the town’s Party committee and chairman of the town’s people’s congress.
    These dual gains stem from people-centered planning by the local government that started back in 2020. Back then, villages relying solely on mining struggled with unsustainable growth, while those without coal resources lagged behind. To holistically address ecological rehabilitation, sustainable industry development and income disparity, the government brought about the establishment of Juhe Industrial Co, Hou said.
    The Juhe enterprise would carry out work associated with mitigating the environmental impact of mining, funded by villages and communities, according to government regulations.
    The company also operates across sectors such as mine rehabilitation, environmental cleanup, equipment and land leasing, and waste management, said Hou.
    Su Haixia, an official in the Ordos bureau of natural resources, said that mining companies must allocate funds for ecological restoration to local stakeholders. “Taking the green mine construction project as an example, coal companies must establish restoration funds and deposit about 90 million yuan per 10 million tons mined,” Su said.
    Subject to government evaluations on ecological restoration, coal mining companies could handle the restoration work themselves, or outsource such projects to specialized contractors like Juhe Industrial Co. With professional teams and flexible local hiring, these collaborations have facilitated the reclamation of almost 10,000 hectares of land in the town, according to Hou.
    To date, Narisong has established 14 green mines — those that implement eco-friendly practices and technologies to reduce their environmental impact, with additional sites currently under evaluation, Hou said.
    Juhe Industrial Co has also created 198 stable jobs for local people in property services alone, boosting the average annual income by nearly 40,000 yuan for those people, according to Hou.
    “I was previously working in long-haul transportation far from home, but now I’ve been able to secure a job in my hometown, earning over 5,000 yuan a month with social security benefits — an opportunity I wholeheartedly cherish,” said Liu Meijun, a truck driver from Yangshita village in Narisong.
    Senior residents have also benefited. “Some villagers in their early 60s remain physically robust and mentally sharp and still seek employment, but urban companies reject them mainly based on age concerns,” said Hou. “However, we’ve chosen to hire them for suitable light work — enabling them to care for elderly parents at home while earning an income, a win-win for families and the community.”
    Last year, Juhe Industrial Co generated 200 million yuan in revenue with a net profit of 36 million yuan. A total of 10 percent of those profits go toward emergency assistance for residents affected by natural disasters or severe medical hardships, 40 percent go to village collective dividends and 50 percent for the company’s future development, according to Hou.
    On the land that has been revitalized and recovered, solar farms are being set up, as well as medicinal herb cultivation.
    A 1.95-billion-yuan 400-megawatt solar project has been established by Man Shi Group and Hanxia New Energy in Narisong. Occupying 652 hectares, the project leases 521 hectares from Wutumen village and 130 hectares from Wutugou village at 3,000 yuan per hectare, offering annual incomes of 1.56 million yuan and 390,600 yuan, respectively, for these communities.
    These new industries have generated around 500 local employment opportunities, according to Hou.
    “I work in the reclaimed area of Changxu coal mine, mainly maintaining and inspecting solar panels. After deductions for social security, I earn over 4,000 yuan a month. I also earn steady rental income from leasing my land to the companies — life keeps getting better and better,” said Nie Jianjun, a villager from Wutumen village in Narisong.
    Guided by government initiatives, villagers are enjoying diversified income streams ranging from collective equity dividends and wages to land rental money. Moreover, companies purchase saplings cultivated by locals for their land restoration efforts, with the profits from these sales further bolstering the community’s financial well-being, Hou added.

    MIL OSI China News –

  • MIL-OSI China: China major contributor to preserving Cambodia’s iconic Angkor: tourism minister

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

    PHNOM PENH, April 14 — China has been a major contributor to safeguarding, preserving and developing the UNESCO-listed Angkor Archaeological Park in northwest Cambodia’s Siem Reap province, Cambodia’s Tourism Minister Huot Hak said.

    The 401-square-km Angkor park, the kingdom’s most popular tourist destination, is home to 91 ancient temples, which had been built from the ninth to the 13th centuries.

    Key temples include the Angkor Wat, Angkor Thom, Bayon, Chau Say Tevoda, Ta Keo, Banteay Srei, Ta Prohm, and Phnom Bakheng, among others.

    China had helped restore ruined temples in the park since 1997 by successfully restoring Chau Say Tevoda and Ta Keo. Currently, the Chinese experts have been restoring the Phimeanakas temple located inside the walled enclosure of the Royal Palace of the Angkor Thom.

    Hak said China took the lead in providing scholars, architectural experts, archaeologists, and technicians to help restore and preserve ruined temples in the Angkor park.

    “I’d like to thank the government and people of the People’s Republic of China for sacrificing time, physical and mental energies, materials and budget to help preserve, protect and restore ancient temples in Cambodia’s Angkor complex,” he told Xinhua in a recent interview.

    The minister praised the Chinese experts for helping restore ruined monuments in the Angkor park into their stunning original forms, saying that their great contributions were invaluable for the people of Cambodia.

    “I’d like to express my profound gratitude and record the merits of the People’s Republic of China, Chinese scholars, experts, and technicians in contributing actively to the mission of restoring, preserving and developing temples in this world heritage site,” he said.

    Hak said Cambodia has trust and confidence in China in helping restore the Phimeanakas temple within the Royal Palace of the Angkor Thom.

    He added that China’s aid has not only contributed to ensuring the sustainable development of ancient temples in the Angkor park, but also helped train Cambodian experts and archaeologists on the work of safeguarding and preserving ancient temples.

    The Angkor park attracted a total of 1.02 million international tourists in 2024, generating a gross revenue of 47.8 million U.S. dollars from ticket sales, according to the state-owned Angkor Enterprise.

    Speaking of Cambodia-China cooperation in the tourism sector, Hak said China is also a key supporter for tourism development in the Southeast Asian country, adding that Chinese-invested mega-infrastructure projects, such as the Phnom Penh-Sihanoukville Expressway and the Siem Reap Angkor International Airport, have laid a solid foundation for the kingdom’s development of economy and tourism.

    Sharing his view on building a community with a shared future for mankind, Hak said any initiative launched by China always aims to provide common interest for the whole world and help make the world more harmonious with shared prosperity and common development.

    “Cambodia and other countries alike are really happy to welcome and fully support it because this initiative is global in nature for common interest and win-win results for all,” he said.

    MIL OSI China News –

  • MIL-OSI Australia: 2023 Australian CRS reportable accounts by jurisdiction

    Source: New places to play in Gungahlin

    Limitations of the CRS report

    The Total accounts column represents the number of Financial Accounts held by foreign tax residents; it does not represent the number of foreign tax residents holding accounts. An account holder may be a tax resident of multiple jurisdictions, so accounts may be reported more than once.

    The Balance ($A) column represents the total balance or value of the Financial Assets held in the accounts. The figure includes:

    • cash
    • securities
    • bonds
    • commodities
    • partnership interests
    • debt interests and equity interests.

    Where an account is held by more than one account holder, the balance or value is attributed in full to each account holder. Where an account is held by a passive non-financial entity, such as a trust, the value of the equity interest is attributed in full to each controlling person. These accounts will be reported in the Total accounts and Balance ($A) columns more than once.

    Table: CRS statistics tabled by the Minister

    Jurisdiction

    Total Accounts

    Balance (AUD)

    Afghanistan

    11070

    $95,581,415

    Aland Islands

    693

    $3,871,473

    Albania

    728

    $10,764,088

    Algeria

    515

    $10,363,535

    American Samoa

    555

    $7,413,499

    Andorra

    1355

    $101,244,778

    Angola

    296

    $10,861,848

    Anguilla

    166

    $1,170,312

    Antigua and Barbuda

    234

    $3,613,577

    Argentina

    43207

    $239,451,920

    Armenia

    725

    $5,711,104

    Aruba

    510

    $18,999,978

    Austria

    16740

    $394,878,370

    Azerbaijan

    893

    $29,236,263

    Bahamas

    1044

    $232,452,443

    Bahrain

    1944

    $70,119,634

    Bangladesh

    29473

    $229,111,457

    Barbados

    378

    $15,992,240

    Belarus

    564

    $6,673,642

    Belgium

    11622

    $328,051,334

    Belize

    141

    $1,882,633

    Benin

    147

    $4,016,713

    Bermuda

    802

    $1,003,121,189

    Bhutan

    33564

    $129,472,928

    Bolivia (Plurinational State of)

    644

    $4,267,066

    Bonaire, Sint Eustatius and Saba

    65

    $320,289

    Bosnia and Herzegovina

    1015

    $18,562,691

    Botswana

    1551

    $74,047,155

    Brazil

    115912

    $665,938,179

    Brunei Darussalam

    4830

    $175,136,606

    Bulgaria

    1168

    $30,359,474

    Burkina Faso

    209

    $6,083,998

    Burundi

    359

    $1,251,294

    Cabo Verde

    57

    $801,533

    Cambodia

    13543

    $310,460,409

    Cameroon

    286

    $12,837,192

    Canada

    131945

    $4,655,911,312

    Cayman Islands

    1261

    $2,287,140,562

    Central African Republic (The)

    65

    $1,886,237

    Chad

    47

    $1,931,612

    Chile

    34790

    $184,569,286

    China

    1168312

    $35,846,564,031

    Colombia

    117549

    $329,328,309

    Comoros

    202

    $1,192,041

    Congo (Democratic Republic of The)

    955

    $15,603,703

    Congo (The)

    592

    $5,826,658

    Cook Islands

    966

    $15,755,625

    Costa Rica

    737

    $9,190,245

    Cote d’Ivoire

    154

    $12,847,535

    Croatia

    2570

    $91,851,975

    Cuba

    270

    $3,587,708

    Curacao

    63

    $489,577

    Cyprus

    2728

    $174,738,630

    Czech Republic

    5737

    $138,163,643

    Denmark

    13370

    $711,421,080

    Djibouti

    56

    $94,469

    Dominica

    118

    $20,557,976

    Dominican Republic

    6717

    $219,006,335

    Ecuador

    4375

    $24,093,968

    Egypt

    7828

    $130,461,587

    El Salvador

    549

    $4,583,826

    Equatorial Guinea

    43

    $5,787,039

    Eritrea

    574

    $3,235,597

    Estonia

    5283

    $19,768,874

    Ethiopia

    2203

    $22,578,132

    Falkland Islands [Malvinas]

    100

    $662,808

    Faroe Islands (The)

    45

    $320,055

    Fiji

    33661

    $418,588,501

    Finland

    7518

    $243,196,353

    France

    88770

    $1,312,556,582

    French Guiana

    63

    $1,169,649

    French Polynesia

    1466

    $144,692,251

    Gabon

    95

    $254,579

    Gambia

    98

    $1,040,902

    Georgia

    519

    $14,078,846

    Germany

    97566

    $2,136,961,996

    Ghana

    3662

    $45,920,708

    Gibraltar

    271

    $98,559,288

    Greece

    18433

    $874,732,119

    Greenland

    34

    $1,090,263

    Grenada

    45

    $860,469

    Guadeloupe

    59

    $1,397,246

    Guam

    567

    $22,049,141

    Guatemala

    609

    $4,477,478

    Guernsey

    709

    $188,289,280

    Guinea

    467

    $16,333,658

    Guinea-Bissau

    22

    $52,235

    Guyana

    145

    $5,865,208

    Haiti

    79

    $3,315,500

    Holy See (The)

    31

    $223,543

    Honduras

    284

    $3,912,750

    Hong Kong

    417259

    $19,652,979,316

    Hungary

    4166

    $89,013,732

    Iceland

    706

    $9,559,465

    India

    541071

    $3,337,392,017

    Indonesia

    141551

    $2,447,310,574

    Iran (Islamic Republic of)

    25484

    $220,602,656

    Iraq

    5657

    $47,263,403

    Ireland

    99386

    $1,184,004,246

    Isle of man

    755

    $77,412,757

    Israel

    14404

    $870,500,826

    Italy

    61111

    $1,042,858,008

    Jamaica

    502

    $10,346,693

    Japan

    122031

    $2,930,986,700

    Jersey

    1191

    $1,500,635,721

    Jordan

    3192

    $51,114,032

    Kazakhstan

    2762

    $76,557,742

    Kenya

    19121

    $167,004,133

    Kiribati

    1728

    $27,628,158

    Korea (The Democratic People’s Republic of)

    1300

    $11,985,623

    Korea (The Republic of)

    120329

    $692,796,653

    Kuwait

    2278

    $59,151,943

    Kyrgyzstan

    253

    $10,798,328

    Lao Peoples Democratic Republic

    3950

    $56,663,831

    Latvia

    662

    $19,990,384

    Lebanon

    4658

    $77,228,058

    Lesotho

    76

    $1,552,742

    Liberia

    331

    $7,577,445

    Libya

    321

    $5,848,095

    Liechtenstein

    115

    $2,373,413

    Lithuania

    1572

    $17,114,640

    Luxembourg

    1269

    $1,281,207,061

    Macao

    8485

    $557,432,905

    Madagascar

    302

    $4,468,823

    Malawi

    602

    $7,546,068

    Malaysia

    207495

    $9,736,791,971

    Maldives

    1145

    $9,633,668

    Mali

    204

    $6,447,711

    Malta

    3940

    $266,412,830

    Marshall Islands (The)

    142

    $267,119,933

    Martinique

    54

    $348,133

    Mauritania

    107

    $2,254,652

    Mauritius

    7436

    $190,515,176

    Mayotte

    43

    $89,402

    Mexico

    12583

    $107,075,070

    Micronesia (Federated States of)

    147

    $15,869,862

    Moldova (The Republic of)

    251

    $2,923,446

    Monaco

    655

    $148,818,123

    Mongolia

    18288

    $90,339,348

    Montenegro

    244

    $25,032,609

    Montserrat

    5287

    $264,020,964

    Morocco

    919

    $34,620,243

    Mozambique

    551

    $16,987,061

    Myanmar

    10713

    $94,691,582

    Namibia

    852

    $28,134,752

    Nauru

    1258

    $71,353,711

    Nepal

    151948

    $530,415,177

    Netherlands (The)

    38960

    $5,741,717,769

    New Caledonia

    14843

    $946,289,722

    New Zealand

    593810

    $13,924,735,966

    Nicaragua

    212

    $1,863,857

    Niger (The)

    118

    $4,131,203

    Nigeria

    8518

    $59,998,862

    Niue

    63

    $457,441

    Northern Mariana Islands (The)

    86

    $1,940,793

    Norway

    12085

    $116,151,200

    Oman

    2919

    $53,732,678

    Pakistan

    40606

    $233,873,735

    Palau

    90

    $2,489,305

    Palestine, State of

    490

    $4,307,127

    Panama

    817

    $22,319,621

    Papua New Guinea

    20645

    $1,000,357,988

    Paraguay

    611

    $4,606,315

    Peru

    8102

    $93,464,956

    Philippines

    149788

    $1,081,032,048

    Pitcairn

    42

    $2,255,280

    Poland

    10216

    $183,398,727

    Portugal

    8340

    $364,367,730

    Puerto Rico

    111

    $1,240,149

    Qatar

    5561

    $199,292,806

    Republic of North Macedonia

    2098

    $48,970,081

    Reunion

    198

    $5,016,186

    Romania

    2257

    $33,817,593

    Russian Federation

    13479

    $311,237,493

    Rwanda

    349

    $2,900,073

    Saint Barthelemy

    43

    $132,991

    Saint Helena, Ascension and Tristan da Cunha

    19

    $53,689

    Saint Kitts and Nevis

    164

    $65,704,365

    Saint Lucia

    99

    $11,339,027

    Saint Martin (French part)

    24

    $1,272,193

    Saint Vincent and The Grenadines

    54

    $648,955

    Samoa

    5642

    $12,252,804

    San Marino

    22

    $225,736

    Sao Tome and Principe

    16

    $47,212

    Saudi Arabia

    17461

    $290,408,054

    Senegal

    246

    $17,019,253

    Serbia

    2765

    $61,671,117

    Seychelles

    747

    $66,081,694

    Sierra Leone

    518

    $59,985,702

    Singapore

    216492

    $16,932,866,043

    Sint Maarten (Dutch)

    44

    $2,030,457

    Slovakia

    2683

    $34,211,553

    Slovenia

    1143

    $31,256,112

    Solomon Islands

    5670

    $107,624,274

    Somalia

    419

    $883,615

    South Africa

    85705

    $3,036,112,507

    South Sudan

    409

    $1,439,169

    Spain

    34964

    $615,458,859

    Sri Lanka

    59417

    $496,470,828

    Sudan

    1369

    $9,428,890

    Suriname

    99

    $808,495

    Swaziland

    491

    $11,837,248

    Sweden

    24838

    $395,550,321

    Switzerland

    27602

    $2,522,289,323

    Syrian Arab Republic

    3146

    $16,259,175

    Taiwan (Province of China)

    215091

    $5,182,123,415

    Tajikistan

    150

    $6,070,527

    Tanzania, United Republic of

    1483

    $28,785,672

    Thailand

    115526

    $1,671,533,990

    Timor-Leste

    5625

    $103,220,105

    Togo

    50

    $392,068

    Tokelau

    34

    $94,511

    Tonga

    10335

    $27,905,071

    Trinidad and Tobago

    429

    $10,964,301

    Tunisia

    505

    $42,954,529

    Turkey

    12815

    $123,250,809

    Turkmenistan

    80

    $269,557

    Turks and Caicos Islands (The)

    62

    $12,992,454

    Tuvalu

    332

    $24,161,951

    Uganda

    1469

    $26,010,162

    Ukraine

    6358

    $57,835,515

    United Arab Emirates

    34016

    $1,525,677,609

    United Kingdom of Great Britain and Northern Ireland (The)

    650226

    $15,897,900,722

    United States Minor Outlying Islands (The)

    616

    $17,009,421

    United States of America (The)

    607512

    $32,140,613,865

    Uruguay

    2967

    $20,416,335

    Uzbekistan

    843

    $14,924,835

    Vanuatu

    12745

    $166,367,754

    Venezuela (Bolivarian Republic of)

    3429

    $16,703,255

    Vietnam

    108399

    $1,368,106,502

    Virgin Islands (British)

    664

    $1,583,993,488

    Virgin Islands (U.S.)

    86

    $12,262,261

    Wallis and Futuna

    79

    $735,705

    Western Sahara

    54

    $172,955

    Yemen

    436

    $3,698,663

    Zambia

    2508

    $52,915,353

    Zimbabwe

    8557

    $181,025,534

    MIL OSI News –

  • MIL-Evening Report: The Family Court could better protect Indigenous women and children, but there are barriers in the way

    Source: The Conversation (Au and NZ) – By Heather Douglas, Professor of Law and Deputy Director of the Centre of Excellence for the Elimination of Violence Against Women (CEVAW), The University of Melbourne

    Shutterstock

    The family law system is crucial for protecting women and children nationwide. With its combination of judicial oversight, counselling and alternative dispute resolution, the family court can offer meaningful support to parents in complex situations. But First Nations families may be missing out.

    We partnered with Women’s Legal Services Australia to prepare a new review. The review highlights that First Nations women may face barriers to accessing the family law system, especially when they have experienced family violence.

    Our research

    Family law courts in Australia handle matters such as where children live and who has contact with them. They also deal with finance and property disputes within families, and family violence.

    In our research, we reviewed the existing literature and family court cases to see how First Nations people have interacted with the family law system.

    While 7% of family court final order applications in 2023–2024 included a First Nations litigant, we suggest the family law system may be underutilised by Indigenous women. There are several factors that point to this.

    One is the rate of out-of-home care. First Nations children make up 44.5% of children in out-of-home care nationally. Engaging with the family law system may reduce these rates.

    Another is the prevalence of Indigenous families with a single parent. Nearly 45% of First Nations children under 15-years-old live in single-parent households.

    People in these households may need to negotiate safe contact arrangements for their children with other family members. The family law system can play an important role for these families.

    And we know family violence is present in 83% of parenting proceedings in the family courts. First Nations women are at a higher risk of family violence than non-First Nations women, often perpetrated by a non-First Nations partner. The family law system must take account of family violence when making orders.

    It therefore may be reasonable to expect a higher proportion of First Nations people to use the family law system. So what’s stopping them?

    Prior bad experiences

    Previous studies have focused on First Nations women’s experiences of child protection, criminal law and family violence protections orders.

    First Nations women may fear the family law system because of negative experiences with these other processes, including genuine fears about child removal.

    Research shows parts of the legal system often fail First Nations women who have experienced family violence.

    The family law system relies on people making their own application to enter the system. Prior bad experiences of other legal systems are likely to affect people’s willingness to use family law.

    Family law is different from other parts of the legal system. In criminal law and family violence protection orders, for instance, the state brings First Nations people into the legal system. This happens through police charging people, or police applying for family violence protection orders on behalf of a victim-survivor.

    We know in some civil law processes where the person must make the application, like debt recovery, First Nations people are less likely than non-First Nations people to report or make an application.

    Structural issues

    Child protection matters often overlap with family law matters. The law has changed to require child protection authorities to share information when the family courts request it.

    Agencies that support First Nations women are also required to report particular concerns to child protection authorities. These factors may contribute to First Nations women being reluctant to apply to the family law system for fear their children will be removed.

    In some research, interview participants referred to an “erosion of trust and disengagement of victims” from services as a result of mandatory reporting.

    Systemic racism, biases and discrimination identified in other legal systems may also affect First Nations women’s experiences in family law. This may lead them to disengage, or not engage the next time they have concerns about their children’s safety.

    When First Nations women who have experienced family violence do engage with the family law system, this is sometimes because their non-First Nations partner makes an application. When this happens, research suggests the family law system may give more weight to the non-First Nations party’s version of events.

    Improving the system

    The family law system is making efforts to improve access for First Nations people.

    There is now a requirement for family courts to consider how parenting arrangements will help Aboriginal children to remain in contact with culture, community, family, language and Country.

    Indigenous Family Liaison Officers are employed by family courts to support First Nations people in court.

    Indigenous Lists also exist in specific courts where cases involving First Nations parties are heard on a particular day and specialised support is available.

    We need to find out more about how effective these measures are and what else needs to change so the family law system can best support First Nations women.

    We also need to know more about how to support First Nations women in the family courts when the other party is a non-First Nations person. For most couples across Australia that include an Indigenous person, the other person is non-First Nations.

    The family law system holds real potential to be a proactive and protective pathway for more First Nations women concerned about their own safety and their children’s safety. Our continuing research hopes to show how this potential may be realised.

    13YARN is a free and confidential 24/7 national crisis support line for Aboriginal and Torres Strait Islander people who are feeling overwhelmed or having difficulty coping. Call 13 92 76.

    Heather Douglas receives funding from the Australian Research Council.

    Kyllie Cripps receives funding from the Australian Research Council for a number of projects she is involved with.

    Samantha O’Donnell receives funding from the Australian Research Council. Samantha O’Donnell also volunteers for the Asylum Seeker Resource Centre.

    – ref. The Family Court could better protect Indigenous women and children, but there are barriers in the way – https://theconversation.com/the-family-court-could-better-protect-indigenous-women-and-children-but-there-are-barriers-in-the-way-253619

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Fewer Chinese studying in US due to rising tensions

    Source: China State Council Information Office 2

    The number and proportion of Chinese students studying in the United States continue to decline as rising geopolitical tensions and safety concerns weigh heavily on families’ decisions, according to official reports and education experts.
    The 2024 Blue Paper for Chinese Overseas Students Returning to China for Employment, recently released by the Chinese Service Center for Scholarly Exchange under the Ministry of Education, shows that while the U.S. remains a key destination for Chinese students, its dominance is fading.
    In 2023, only 14.54 percent of Chinese returnees with doctoral degrees studied in the U.S., down from 25 percent in 2020 — a decline of more than 10 percentage points over four years, according to the blue paper.
    Among returnees from the top three study destinations — the United Kingdom, the U.S. and Australia — 51.5 percent had studied in those countries, marking a decrease of approximately 3 percentage points from the previous year, driven primarily by the drop in the number of U.S.-based graduates, it added.
    The decline comes as more Chinese families are rethinking their higher education plans in light of worsening bilateral relations and growing concerns over safety abroad.
    The Ministry of Education last week warned Chinese students to make security assessments if choosing to study in certain U.S. states, citing a bill passed in the U.S. state of Ohio that contains negative provisions related to China. It imposes restrictions on education exchanges and cooperation between Chinese and U.S. higher education institutions.
    “Geopolitical tensions inevitably affect the international flow of students,” said Chen Zhiwen, a member of the Chinese Society of Educational Development Strategy.
    “The U.S. has increasingly restricted China in areas such as trade, technology and talent, making the study environment more hostile. Over the past four years, the number of Chinese students in the U.S. has dropped by 100,000,” Chen said, urging Chinese parents to carefully evaluate study-abroad destinations.
    According to data from the 2024 Open Doors Report on International Educational Exchange, produced in part by the U.S. Department of State, China was surpassed by India as the largest source of international students in the U.S. for the 2023-24 academic year. There were 277,398 students from the Chinese mainland enrolled in U.S. higher education institutions during that period, a figure that has been dropping annually since peaking at 372,532 in the 2019-20 academic year.
    Chinese parents are increasingly factoring in national relations and domestic stability when considering where to send their children.
    Kendy Jia, the mother of a secondary school student in Beijing, said she had been planning to send her child abroad for high school just a few years ago.
    “Now, that plan is on hold,” she said at the 2025 China International Education Exhibition Tour in Beijing on Friday.
    “With the current international situation, we’re leaning toward waiting until after high school,” Jia said. “We might still consider sending him abroad for university, but not necessarily to the U.S. As parents, we first consider the country’s relationship with China, because political stability is very important and affects our child’s personal safety overseas,” she said, adding that worsening international relations might also add to the cost of overseas study.
    A survey by consultancy EIC Education released last month found that safety and financial support have become top concerns for prospective Chinese students during the 2024-25 academic year. The local security environment ranks fourth among factors influencing study-abroad decisions, it said.
    Hannah Song, secretary-general of the America-China Education Foundation Greater China, a U.S.-based nonprofit organization, said many Chinese parents have expressed concerns about whether bilateral relations might pose safety risks for students studying in the country.
    “Parents don’t need to be overly worried,” she said. “Most U.S. states and universities focused on educational exchange rather than politics. For the majority of American institutions, the impact is minimal,” she said.
    Despite current geopolitical tensions, Song said the U.S. remains a top choice for many Chinese families in terms of undergraduate education.
    According to the blue paper, the U.S. kept attracting Chinese students in certain academic fields. Economics and mathematics remain the top choices for undergraduates from 2022 to 2024, while computer science and finance dominate among graduate applicants in 2024.

    MIL OSI China News –

  • MIL-OSI Australia: The highs and lows of working in public housing support

    Source: Northern Territory Police and Fire Services

    After meeting Louise, Senior Director Tenant Experience at Housing ACT, it’s clear to see that she’s someone who is genuinely committed to helping people.

    “What fundamentally keeps me with housing is because I’m a real people person. There are lots of opportunities to engage with and support really wonderful and fascinating members of our community who have unique and interesting stories of their own,” she says.

    We have a dedicated staffing group that works tirelessly seven days a week to make sure we can be responsive to our clients. “But just like with any industry, there can be not-so-positive interactions. Particularly given current cost of living pressures and the importance of having stable housing” Louise says.

    “When there’s financial hardships or homelessness, sometimes clients can take those frustrations out on our staff. So that’s really hard when people are turning up, day after day, to do a job and they’re being abused. The staff have done nothing to deserve those levels of anger or frustrations or threats,” she says.

    “We would love nothing more than to house everyone straight away and not have waitlists, but unfortunately there is a supply and demand issue. And that can be terribly frustrating when you’re talking to and listening to members of the community who really are in dire straits. There are so many things that can be a pressure point in not having housing, so we certainly understand that.”

    As a born and bred Canberran who grew up with a single mother living in public housing, Louise understands firsthand the pressures faced by her clients. So when it came time to find a job, she jumped at the chance to give back to the community and work with the ACT Government in Housing Assistance – and 26 years on, she’s still there.

    “I just fell in love with the different roles and the work that we do in housing that supports so many members of the public,” says Louise.

    From an entry-level position, Louise has worked her way up, taking on a range of different roles, and now leads a team responsible for looking after tenants.

    “You get exposed to really diverse members of the community, and it’s really rewarding to support these people at times when they need that little bit of extra assistance with housing support, or if there’s a crisis in their current situation and to be able help them stabilise it, so you can see them excel in their lives.”

    Working in tenant experience is similar to working in property management, including managing rent accounts, inspections and complaints. But Louise says the main difference is they bring a “social landlord lens” and work hard to support people to sustain their tenancies.

    “A large amount of the work we do is understanding our tenants, their needs and looking to help them with what they need,” she says.

    Louise believes social housing can get a bad rap in the media and greater community, and she’s passionate about changing that narrative.

    “Sometimes it’s frustrating to me that we can’t tell all the good stories, because of privacy laws,” she says. “But there are a lot of good things we do behind the scenes that aren’t publicly known. For example, during heat waves, we call up older tenants to make sure they’re alright. And that’s resulted in us identifying a medical emergency and getting them assistance.”

    Louise says that due to the occupational violence experienced, Housing ACT have a range of measures in place to support and protect staff, like regular communication and specialist training programs. They’ve also introduced duress devices for frontline staff, and have a range of follow-up supports in place for staff if an incident occurs.

    But Louise says it really is only a few people who become aggressive.

    “We don’t want to stop people raising concerns or telling us what they think. But it’s about doing it in a way that’s not aggressive or violent towards us. You can express your dissatisfaction, but use the mechanisms available to you, like lodge a complaint.”

    “By far, tenants are lovely. So it’s one of those things where a handful can really ruin it,” she says.

    And as for her career, if you want to work somewhere where you really know you’re making a difference, Louise says working in housing assistance is incredibly rewarding, with a good mix between field work and office work.

    “For people who don’t see themselves stuck behind the desk from nine to five and love client engagement, there’s that real mix, and we have that flexibility,” she says.

    “If you like working in a team with people, and have value-driven outcomes, this would be the job for you. Every single day, I go home thinking, ‘I’ve done something today that has helped someone’.”

    * For personal privacy, surnames of interviewees have been removed.

    Find out more about how you can help make ACT Government workplaces safe for everyone.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI New Zealand: Local News – Secure your spot at Love Local 2025 – Porirua

    Source: Porirua City Council

    Porirua’s biggest annual event supporting local businesses – Love Local – returns in June.
    Filling Te Rauparaha Arena for the sixth year running, Love Local is a free event where attendees can meet the hundreds of different local businesses in Porirua and learn about what they have to offer.
    Vendors of all types are welcome at the event – selling things from food, crafts, books, jewellery, clothing, and services. Local community groups and organisations are also welcome to have a stall.
    Love Local has grown each year and is now a key date in the calendar for both vendors and savvy shoppers wanting to support the Porirua economy.
    Applications are now open for vendors wanting a spot at this year’s event, happening on Saturday 7 June.
    Last year the event played host to more than 100 vendors, with thousands of people coming through the event during the day.
    If you want to be involved this year, please make sure you complete the application form and send it in by midday on Friday 2 May.

    MIL OSI New Zealand News –