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Category: Economy

  • MIL-Evening Report: Labor and Coalition support for new home buyers welcome but other Australians also struggling with housing affordability

    Source: The Conversation (Au and NZ) – By Michelle Cull, Associate Professor, Western Sydney University

    doublelee/Shutterstock

    There is no denying housing reform is urgently needed in Australia to make housing more affordable and accessible to everyday Australians.

    Both major parties have now announced the incentives they are offering to help first-home buyers. While both Labor and the Coalition are hopeful their newly announced policies will win the most votes, how easy will it be to implement and how will it help first-home buyers?

    What new housing incentives are being offered?

    Refreshingly, both major parties are offering more novel policies than have previously been announced. In addition, both policies offer welcome relief to first-home buyers.

    As part of their $43 billion housing plan that already includes delivering 55,000 social and affordable homes, a Labor government will spend $10 billion to help more Australians purchase their first home.

    The first part of this plan includes increasing housing supply by building 100,000 new homes over eight years – just for first home buyers. The government would work with the states to identify where these homes will be built, beginning next financial year.

    The second part of Labor’s plan involves expanding the 5% deposit Home Guarantee Scheme to remove the annual cap of 50,000 places and removing income thresholds.

    It will also increase property price caps to better reflect local markets so that buyers can look to purchase a property where they currently work and/or live. For example, the current cap in Sydney will increase from $900,000 to $1.5 million.

    The Home Guarantee Scheme, which has already been used by more than 150,000 Australians, allows eligible first-home buyers to purchase a property with a 5% deposit and without paying Lenders Mortgage Insurance. The government guarantees part of the home loan. This will speed up the time that it will take for first-home buyers to save for a deposit, as they will be able to use a smaller deposit to secure a home.

    The 100,000 homes that would be built as part of Labor’s plans would only be available to first time home owners.
    Go My Media

    The Coalition have announced they will permit first-time buyers of newly built properties to deduct interest on up to $650,000 of their mortgage against their income for up to five years. The first home buyers, however, have to remain in their home for this time period.

    This will be available to singles on incomes up to $175,000 and couples with a combined income of up to $250,000. This is similar to the mortgage interest tax deduction currently permitted through negative gearing to property investors with rental properties.

    How easy are these housing policies to implement?

    While Labor’s Home Guarantee policy is already in operation, it should be relatively easy to expand this policy.

    However, in terms of building 100,000 homes, we know Labor is already well behind on its plan to build new housing stock, even though the number of dwellings increased by 53,200 to 11,294,300 for the quarter ended December 2024.

    This is where Labor’s policy of increasing subsidies to apprentices in the construction industry, as well plans to invest in prefabricated and modular homes and introduce a national certification system will help. While welcomed by housing advocates, the detail surrounding exactly where the houses will be built is an important part of this new housing policy.

    The Coalition’s proposal is more radical and will require changes to legislation before it can be implemented.

    It may also need to form part of more holistic taxation reform to have the intended effect. Details are still needed as to how this reform may affect the current capital gains tax exemption and other property tax concessions for one’s principal place of residence.

    Whether the Coalition have other taxation reforms planned is yet to be revealed.

    Could these policies work?

    The latest housing policies announced by both major parties are a step in the right direction.

    However, the details are missing and concerns remain around how these policies will interact with other policy proposals and whether there will be an unintended effect of pushing up housing prices.

    Peter Dutton says the deduction scheme would save the average family about $11,000 a year.
    Andrey Popov/Shutterstock

    While increasing the supply of housing is the answer to the housing crisis, whether these houses can be built quickly is still questionable. The 5% deposit for first home buyers will go a long way in enabling first home buyers to save a deposit. However, this means the remaining 95% still needs to be repaid and first home buyers will still need to prove they can service the loan. It will also increase pressure on first home buyers if interest rates increase early in their home ownership journey.

    First home owners who want to claim a tax deduction on their mortgage interest will still need to construct a new home, which will take some time to build.

    The tax deduction will help first-home buyers in the early years of their mortgage when mortgage interest is highest. However, it does tend to favour higher income earners who receive larger tax deductions due to their higher tax brackets.

    While it does little to put downward pressure on housing prices, the Coalition has combined this with an aggressive immigration policy aimed at increasing supply of established homes.

    Given the tight and expensive market in Australia, the latest housing incentives announced by the major parties may come as welcome news to first home buyers. But any new policy must be viewed as part of the larger package of policies being offered. First home buyers are not the only ones experiencing problems with housing affordability and accessibility.

    If anything, the contest for the federal election has forced both major parties to seriously consider their housing policies and share these with the public. However, the hardest part is yet to come: whether the incoming government’s housing policy is actually effective.

    Michelle Cull is a member of CPA Australia, the Financial Advice Association Australia and President Elect of the Academy of Financial Services in the United States. Michelle is an academic member of UniSuper’s Consultative Committee. Michelle co-founded the Western Sydney University Tax Clinic which has received funding from the Australian Taxation Office as part of the National Tax Clinic Program. Michelle has previously volunteered as Chair of the Macarthur Advisory Council for the Salvation Army Australia.

    – ref. Labor and Coalition support for new home buyers welcome but other Australians also struggling with housing affordability – https://theconversation.com/labor-and-coalition-support-for-new-home-buyers-welcome-but-other-australians-also-struggling-with-housing-affordability-254451

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Voters have a clear choice. Labor’s long term and equitable tax reform or the Coalition’s big but one-off tax cuts

    Source: The Conversation (Au and NZ) – By Isaac Gross, Lecturer in Economics, Monash University

    Tang Yan Song

    The election campaign has erupted into a economic battleground as Labor and the Coalition unveiled major new tax policies at their campaign launches.

    Each policy package is aimed at addressing the mounting cost-of-living pressures facing millions of Australians.

    Labor’s flagship announcement is a new standard tax deduction of $1000 per year for work-related expenses. It represents a permanent reform designed to simplify the tax system and provide consistent, predictable relief.

    Economically, it reduces compliance costs and inefficiencies by eliminating paperwork and receipt-keeping for millions of Australians.

    According to a Blueprint Institute report, simplifying tax deductions through a standard deduction can significantly reduce compliance costs and increase economic efficiency. It potentially saves taxpayers and the government millions annually by streamlining the tax filing process.

    This change reduces errors, improves efficiency and saves both individuals and the government significant time and resources.

    A standard deduction can lead to increased compliance and fewer disputes. The Australian Taxation Office will not need to audit taxpayers who take the standard deduction. This will lower administrative costs and reduce the need for costly tax advice from accountants.

    Additionally, a simpler tax system can enhance labour market participation. It does this by removing complexity that disproportionately affects lower-income workers and those without professional tax advice.

    It also preserves the option for Australians with an unusually high number of deductions to keep deducting item by item as they currently do.

    In contrast, the Coalition’s big-ticket announcement is a one-off Cost of Living Tax Offset. It offers a refund of up to $1200 to workers earning up to $144,000 annually.

    Similar in structure to the previous Morrison government’s Low and Middle Income Tax Offset (LMITO), this measure provides short-term relief rather than systemic reform.

    Economically, the Coalition’s approach injects rapid fiscal stimulus into the economy, targeting households under significant financial strain from rising living costs.

    By providing direct rebates after the lodgment of the 2025-26 tax return, the Coalition aims to boost disposable incomes and encourage consumer spending without permanently altering tax scales.

    The temporary nature of the Coalition’s offset, priced at $10 billion, allows fiscal flexibility. It mitigates potential inflationary pressures by avoiding permanent spending increases, thereby providing immediate relief without structurally embedding costs into the budget.

    Coupled with the Coalition’s pledge to cut the fuel excise by 25¢ per litre immediately after the election, the tax offset represents a significant short-term fiscal injection. It offers immediate political advantage but limited longer-term economic reform.

    The economic debate between Labor and the Coalition has now crystallised around differing perspectives on fiscal management and economic intervention.

    Labor prioritises systemic reforms aimed at simplification and equity. The Coalition emphasises immediate, substantial cash injections to households through temporary relief measures. Both policies entail substantial fiscal commitments, yet differ markedly in their timing, permanence and structural impact on the Australian economy.

    Voters face a clear economic choice: Labor’s systemic tax simplification versus the Coalition’s aggressive short-term tax relief.

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

    – ref. Voters have a clear choice. Labor’s long term and equitable tax reform or the Coalition’s big but one-off tax cuts – https://theconversation.com/voters-have-a-clear-choice-labors-long-term-and-equitable-tax-reform-or-the-coalitions-big-but-one-off-tax-cuts-254452

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: Power drives global affairs today, not rules – what Africa’s strategies should be

    Source: The Conversation – Africa – By Kennedy Mbeva, Research Associate, University of Cambridge

    A new world order is emerging. The United States is no longer the sole force shaping global events; countries like China, Russia, India and the Gulf states are growing in influence.

    This shift has intensified global competition and made international cooperation more challenging. In today’s world, power, not rules, is the key driver of global affairs.

    What is Africa’s role? Drawing on our research, we argue that the continent should adopt a pragmatic strategy involving two elements. First, identifying issues suitable for collective action, like climate diplomacy and a seat at the UN security council. Second, recognising those that require regional or domestic policy, such as regional conflicts and trade agreements.

    We propose this approach because Africa is not a single state or supranational entity. A grand strategy is therefore impractical. Instead, our proposal accepts that some issues are best tackled collectively, while others may require regional or unilateral action.

    New doctrines are needed

    Countries could collectively adopt something like a “doctrine”, such as the Lagos Plan of Action (1980-2000). The plan outlines an ambitious goal of boosting Africa’s self-reliance through development and economic integration. Also, the Declaration of Monrovia of 1973, which emphasises the need for collective self-reliance. This was Africa’s contribution to the calls for a new international economic order at the end of the second world war. While these documents were developed to reflect the world at that time, they may serve as an inspiration for a new strategy that reflects the emerging new world order.

    The Monroe and Truman doctrines outlined how the US could secure its global dominance. Both highlight the power of well-defined principles in guiding strategy.

    African countries could adopt a new doctrine on how the continent can enhance its position in the emerging global order. The doctrine would present an opportunity for African countries to develop a clear and coherent strategy for effective engagement, appreciating the opportunities and limitations of the new world order. It should also appreciate the difficulty of coordinating diverse countries in the continent. This is possible by building on the spirit and legacy of Lagos and Monrovia strategies.



    Read more:
    African Union’s new chair has a long list of tough tasks – what it will take to get them done

    Seismic changes

    Geoeconomics, where security and economics influence geopolitics, is reshaping Africa.

    Concerns have been raised about the possible termination of the African Growth and Opportunity Act by the US administration. This legislation grants African countries preferential access to the US market.

    For their part, African countries established the Africa Continental Free Trade Agreement in 2018 to create a continental common market and reduce dependence on the global economic system.

    Yet Africa’s ambitious trade plans face threats from global shifts as well as internal dynamics. For example, the Trump administration has slammed high tariffs on virtually all trade partners, including African countries. Lesotho received the highest tariffs (50%) of all US trading partners. This might affect preferential access agreements such as the African Growth and Opportunity Act.

    Other major economies such as the EU and China are also exploring opportunities to conclude bilateral trade deals with African countries. These developments could undermine the goal of creating an exclusive continental market.

    Internal dynamics within the continent are also not stable. When Mali, Burkina Faso and Niger left the Economic Community of West African States (Ecowas) to form the Alliance of Sahel States in 2024, commentators blamed regional instability. We argue, however, that the breakup of Ecowas is a warning about the limits of integration.

    The fact that the Alliance for Sahel States is based on a security pact rather than economic integration highlights how extreme risks can reconfigure continental unity. For fragile states, securing political stability is necessary for economic integration. Security rather than economics is the primary policy concern for such states.

    Similar challenges arise in climate diplomacy. African countries, which have contributed least to global climate change, are pressured to assume greater responsibility with little international support. Yet they continue suffering its worsening impacts. At the same time, African states have received little of the international support necessary to support them to address climate action. Such support includes climate finance, technology transfer, and capacity building.

    African policymakers have responded creatively by making their national climate pledges under the Paris Agreement conditional on international support in finance, technology transfer and capacity-building. And they say initiatives to address climate change should also contribute to the broader goals of sustainable development.

    As we argue in a recently published book, this approach ensures that Africa can pursue sustainable development while contributing to the global climate effort. It also aligns with the continent’s long-standing emphasis on the development aspects of environmental politics.

    The solution

    Our suggestion is a simple, pragmatic concept: African countries should work together on some issues and act alone on others.

    Unlike the common African positions adopted through the African Union, this approach clearly lays out when cooperation is best and when countries should follow their own path. It offers a clear set of guiding principles such as the need for flexibility for cooperation and unilateral actions when consensus is unattainable. This can serve as a blueprint for future policies and help coordinate Africa’s diplomacy.

    This has several advantages. It’s simple and straightforward, recognises national differences while encouraging cooperation, and strengthens Africa’s voice and role on the global stage.

    A major challenge is getting all countries to agree on how flexibility should balance between consensus and unilateral action by African countries.

    But the strategy would acknowledge the need for flexibility to balance Africa’s ambition for greater global leadership. This must also be within the limits set by global and domestic realities.



    Read more:
    The African Union is weak because its members want it that way – experts call for action on its powers

    Looking forward

    As the world adjusts to a new global order where multilateralism is in decline and power politics dominate, Africa can take advantage of opportunities to shape global affairs and secure its collective policy goals. This can be done through its seat at the G20.

    But it requires a clear and coherent strategy.

    Dr Kennedy Mbeva receives funding from the Grantham Foundation for the Protection of the Environment

    Reuben Makomere receives funding from University of Cambridge – Centre for the Study of Existential Risk (CESR)

    – ref. Power drives global affairs today, not rules – what Africa’s strategies should be – https://theconversation.com/power-drives-global-affairs-today-not-rules-what-africas-strategies-should-be-251078

    MIL OSI – Global Reports –

  • MIL-OSI Economics: CBB Welcomes Delegation from the Ministry of Foreign Affairs’ “Dhiyafa” Program

    Source: Central Bank of Bahrain

    CBB Welcomes Delegation from the Ministry of Foreign Affairs’ “Dhiyafa” Program

    Published on 13 April 2025

    Manama, Bahrain – 13 April 2025: The Central Bank of Bahrain (CBB) hosted a delegation of participants from the fifth International Diplomats Program “Dhiyafa” on Thursday, 10th April 2025 at its headquarters. The initiative is organised by the Mohamed bin Mubarak Al Khalifa Academy (MBMA) for Diplomatic Studies under the Ministry of Foreign Affairs.

    Mr. Yousef Rashid Al Fadhel, Executive Director of Corporate Services at CBB, received the delegation which consisted of 23 diplomats. In his opening address, he highlighted the importance of these initiatives in enhancing communication and the exchange of expertise between Bahrain and other nations.

    During the visit, Mr. Mohammed Al Sadiq, Head of Financial Stability at CBB, presented an overview of the institution’s mandate and its commitment to maintaining regulatory oversight in the sector. He also outlined the key objectives of the Financial Services Sector Development Strategy 2022 – 2026. Following his session, Ms. Sarah Ehsan Faraj, Director of the Currency Issue Directorate, delivered a presentation on the issuance of the commemorative silver coin minted on the occasion of the Silver Jubilee of His Majesty King Hamad bin Isa Al Khalifa, marking 25 years of His Majesty’s reign. The visit concluded with a tour of the Currency Museum housed within the CBB’s premises.

    On the occasion, Mr. Yousef Rashid Al Fadhel, commented: “In line with our commitment to contributing towards meaningful national initiatives, we were pleased to offer the delegates an in-depth perspective into the CBB’s pioneering role in supporting the Kingdom’s financial sector. We also commend this vital endeavour, which serves to stimulate the interflow of ideas and build stronger connections with diplomats from different backgrounds as they explore Bahrain’s rich history and cultural legacy.”

    Launched in 2019, “Dhiyafa” was the recipient of the inaugural Government Innovation Competition (Fikra) award in 2018. Since then, it has welcomed 91 officials from 47 nations. Designed as a comprehensive experience that combines academic learning with practical engagement, the program seeks to enhance bilateral relations between Bahrain and the participating countries by showcasing the Kingdom’s progress across diverse fields.

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    MIL OSI Economics –

  • MIL-OSI China: Xi, Indonesian President Prabowo exchange congratulations over 75th anniversary of diplomatic ties

    Source: China State Council Information Office

    Chinese President Xi Jinping on Sunday exchanged congratulations with Indonesian President Prabowo Subianto over the 75th anniversary of diplomatic ties between the two countries.

    In a congratulatory message, Xi said that as close neighbors across the sea and good partners sharing a common future, China and Indonesia have stood together through thick and thin and engaged in sincere cooperation over the past 75 years, achieving remarkable progress in bilateral relations and fostering deep-rooted friendship between the two peoples.

    The Chinese president recalled his two meetings with Prabowo last year, during which the two sides agreed to firmly support each other’s development visions, jointly advance their respective paths to modernization and build a China-Indonesia community with a shared future with regional and global influence so as to elevate bilateral relations to new heights.

    Both as major developing countries and important members of the Global South, the cooperation between China and Indonesia carries strategic significance and global influence, he said.

    Xi said he attaches great importance to the development of China-Indonesia relations, voicing readiness to take the 75th anniversary of the establishment of bilateral diplomatic ties as an opportunity to work together with President Prabowo to further deepen bilateral comprehensive strategic cooperation, strengthen multilateral strategic coordination, keep enriching the dimensions of the China-Indonesia community with a shared future with the features of the new era, and set an example of solidarity and mutual trust between major developing countries, a model of common development and a vanguard of South-South cooperation, so as to make joint contributions to the cause of human progress.

    For his part, Prabowo, on behalf of the Indonesian government and people, extended sincere congratulations to Xi and the Chinese people on the occasion of the 75th anniversary of China-Indonesia diplomatic ties.

    Indonesia and China enjoy a time-honored friendship and a strong and dynamic partnership, and have made rapid progress in bilateral cooperation in the “five pillars” of politics, economy, people-to-people and cultural exchange, maritime affairs and security, he said.

    Prabowo expressed the hope that both sides will continue to deepen cooperation and cement the friendship between the two peoples so as to make positive contributions to world peace and stability. 

    MIL OSI China News –

  • MIL-OSI China: Fierce gales sweep northern China, disrupting traffic, public services

    Source: China State Council Information Office 2

    People walk in the wind in Qingdao, east China’s Shandong Province, April 12, 2025. Many parts in northern China are experiencing gale-force winds and temperature drops on Saturday. [Photo/Xinhua]
    A sweeping cold front has brought fierce winds across northern China since Friday evening, prompting widespread weather warnings, transport suspensions and emergency response measures.
    The National Meteorological Center (NMC) on Saturday renewed an orange alert for strong gales that are expected to sweep the country’s northern and coastal regions over the weekend, warning that winds of up to force 13 (37.0-41.4 meters per second) on the national wind scale will hit parts of Inner Mongolia, Shanxi, Hebei and Beijing from 8 a.m. Saturday to 8 a.m. Sunday.
    China has a four-tier weather-warning system, with red representing the most severe warning, followed by orange, yellow and blue.
    From 5 p.m. Friday to noon on Saturday, 109 weather stations in Beijing recorded gusts above force 10 (24.5-28.4 meters per second), and 296 stations registered winds at or above force 9 (20.8-24.4 meters per second).
    Gusts exceeding force 10 were recorded in 13 districts of the national capital, including Haidian, Chaoyang and Fengtai, according to municipal meteorological authorities.
    At 8 p.m. Saturday, the Beijing Meteorological Observatory issued a regional orange alert for high winds.
    Forecasts for 8 p.m. Saturday to 8 p.m. Sunday predict winds ranging between force 9 and force 11 (28.5-32.6 meters per second) in most areas in the districts of Yanqing, Huairou, Changping, Mentougou and Fangshan, and parts of the districts of Haidian, Shijingshan, Fengtai and Tongzhou, with mountainous areas potentially experiencing gusts above force 12 (32.7-36.9 meters per second).
    The gale alert has been lowered to yellow in other districts of Beijing.
    To ensure public safety, Beijing has temporarily shut 15 overground railway sections, affecting a total of 106 stations and over 200 kilometers of tracks, including Beijing Subway Capital Airport Express tracks.
    The Beijing-Tianjin intercity high-speed trains, and bullet trains between Beijing and major cities such as Shanghai, Guangzhou and Harbin, as well as some non-high-speed passenger trains running through mountainous areas, will temporarily suspend service on Sunday, given the scope of the gale winds, the China Railway Beijing Group said on Saturday.
    In Beijing, two airports have cancelled hundreds of flights scheduled for Saturday, and a humanoid-robot half marathon that was set to take place on Sunday has been postponed to April 19.
    Numerous parks and museums have been closed, including the Summer Palace, the Temple of Heaven and Beihai Park, and fueling operations at gas stations and oil depots have been suspended. A number of museums, including the National Museum of China, announced on Saturday evening that they would remain closed on Sunday.
    As of 10 a.m. Saturday, a total of 288 trees were toppled across the city due to the strong winds, damaging 19 vehicles, according to Beijing’s emergency management authorities. There have been no reports of damage to ancient trees.
    According to the local administration of financial regulation, as of 11 a.m. Saturday, the property insurance institutions in Beijing had handled 101 insurance claims involving gales, with an estimated loss worth over 1.6 million yuan (about 221,954 U.S. dollars).
    No injuries or fatalities related to the extreme winds have been reported in Beijing.
    In the neighboring Tianjin Municipality, peak gusts of 43.2 meters per second were recorded in Jizhou District’s Panshan area — the strongest winds since records began in 1951.
    In the city’s urban center, record-high winds reached 25.3 meters per second, and authorities have warned that the extreme conditions are expected to persist through Monday.
    Farther northeast, in Liaoning Province’s Dalian, local authorities have issued yellow alerts for strong winds that will affect both land and sea areas.
    In northern Shanxi Province, the State Grid branch has deployed over 3,000 personnel to inspect and reinforce electrical facilities. Emergency repair teams and mobile generators were positioned across the province in advance to ensure rapid power restoration in the event of outages.
    In the Inner Mongolia Autonomous Region, strong winds have disrupted rail, road and air traffic. Beijing-bound high-speed rail services departing from the region’s central and western areas have been temporarily suspended, and airports in cities like Hohhot, Xilinhot and Hulunbuir have canceled dozens of flights due to adverse weather conditions.
    Experts say that as the strong cold air hits northern China, most parts of Inner Mongolia have seen strong winds. Many places in the east have experienced heavy rain and snow, while blizzards swept across some areas, with the temperature dropping by 10 to 20 degrees Celsius.
    The regional meteorological authorities forecast on Saturday that rain and snow will continue in eastern Inner Mongolia over the next two days.
    Meanwhile, in central China’s Henan Province, extreme winds have triggered a Level-III emergency response and prompted the issuance of over 100 meteorological warnings. Multiple tourist attractions, including the Zhengzhou Fantawild Resort, have been temporarily closed as a precautionary measure.

    MIL OSI China News –

  • MIL-OSI China: China-funded road inaugurated in Cambodia

    Source: China State Council Information Office 3

    Cambodian Prime Minister Hun Manet (C, front) cuts the ribbon to inaugurate the National Road 71C in Tbong Khmum province, Cambodia, April 12, 2025. [Photo/Xinhua]

    Cambodia on Saturday inaugurated the China-funded National Road 71C, connecting the eastern Tbong Khmum province with the southeastern Kampong Cham province, for economic boom in the country.

    Speaking at the inauguration ceremony, Cambodian Prime Minister Hun Manet said the 114.9-km road is crucial to facilitating travel and goods transportation and will play an important role in helping boost the local economy and tourism development.

    “The National Road 71C is expected to help boost the efficiency of the exports of agricultural and agro-industrial products, particularly rubber,” he said. “It will also help attract more tourists and investors to areas along the road.”

    Hun Manet said China is an “indispensable friend” of Cambodia for socio-economic development.

    “China is recognized as No. 1 partner, who has been providing a great amount of concessional loans and grants for the development of infrastructure, including roads and bridges in Cambodia,” he said.

    He said that alignment between China’s Belt and Road Initiative and Cambodia’s Pentagonal Strategy has provided “win-win results”.

    Speaking at the event, Chinese Ambassador to Cambodia Wang Wenbin said to date, China has helped construct national roads in a total length of over 4,000 km and more than 10 large-scale bridges.

    “Roads and bridges across the Mekong and Tonle Sap Rivers have not only facilitated the daily travel of the Cambodian people, but also injected vigorous energy into the development of Cambodia,” he said.

    “This is a vivid example of alignment between the Belt and Road Initiative and the Pentagonal Strategy,” he added.

    Cambodian Minister of Public Works and Transport Peng Ponea said the road was built by the Shanghai Construction Group (SCG) in 42 months.

    “The road will facilitate travel, trade, and tourism in both countries and nearby provinces,” he said. “It will also facilitate the transportation of crop seeds and agricultural and agro-industrial products, reducing costs and travel time.”

    Taing Sim, a 52-year-old resident in Kampong Cham province, said that when the road had not been constructed, travel was quite difficult and it took a long time because of mud and bumpy conditions.

    “Now, the road is nice, which will facilitate the fast transportation of goods such as tapioca, cashew nuts, and rubber latex,” she told Xinhua while attending the inauguration ceremony.

    “I would like to thank China for helping develop Cambodia, and the Cambodian people are pleased to see good roads and bridges,” she added.

    Cambodia has a proverb saying, “Where there is a road, there is hope,” Sim said, adding that China has built roads for Cambodia, which means that China has built hope for the Cambodian people.

    Heng Sivleng, a 53-year-old resident in Kampong Cham province, said in the past, traveling on road from Tbong Khmum to Kampong Cham by motorcycle, it took up to three hours because of bad-conditioned road during the rainy season.

    “Now, the road is good and convenient to travel, reducing costs on fuel and shortening travel time,” she told Xinhua. 

    An aerial drone photo taken on July 14, 2024 shows the National Road 71C in Tbong Khmum province, Cambodia. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: Fierce gales sweep northern China

    Source: China State Council Information Office 2

    People walk in the wind in Qingdao, east China’s Shandong Province, April 12, 2025. Many parts in northern China are experiencing gale-force winds and temperature drops on Saturday. [Photo/Xinhua]
    A sweeping cold front has brought fierce winds across northern China since Friday evening, prompting widespread weather warnings, transport suspensions and emergency response measures.
    The National Meteorological Center (NMC) on Saturday renewed an orange alert for strong gales that are expected to sweep the country’s northern and coastal regions over the weekend, warning that winds of up to force 13 (37.0-41.4 meters per second) on the national wind scale will hit parts of Inner Mongolia, Shanxi, Hebei and Beijing from 8 a.m. Saturday to 8 a.m. Sunday.
    China has a four-tier weather-warning system, with red representing the most severe warning, followed by orange, yellow and blue.
    From 5 p.m. Friday to noon on Saturday, 109 weather stations in Beijing recorded gusts above force 10 (24.5-28.4 meters per second), and 296 stations registered winds at or above force 9 (20.8-24.4 meters per second).
    Gusts exceeding force 10 were recorded in 13 districts of the national capital, including Haidian, Chaoyang and Fengtai, according to municipal meteorological authorities.
    At 8 p.m. Saturday, the Beijing Meteorological Observatory issued a regional orange alert for high winds.
    Forecasts for 8 p.m. Saturday to 8 p.m. Sunday predict winds ranging between force 9 and force 11 (28.5-32.6 meters per second) in most areas in the districts of Yanqing, Huairou, Changping, Mentougou and Fangshan, and parts of the districts of Haidian, Shijingshan, Fengtai and Tongzhou, with mountainous areas potentially experiencing gusts above force 12 (32.7-36.9 meters per second).
    The gale alert has been lowered to yellow in other districts of Beijing.
    To ensure public safety, Beijing has temporarily shut 15 overground railway sections, affecting a total of 106 stations and over 200 kilometers of tracks, including Beijing Subway Capital Airport Express tracks.
    The Beijing-Tianjin intercity high-speed trains, and bullet trains between Beijing and major cities such as Shanghai, Guangzhou and Harbin, as well as some non-high-speed passenger trains running through mountainous areas, will temporarily suspend service on Sunday, given the scope of the gale winds, the China Railway Beijing Group said on Saturday.
    In Beijing, two airports have cancelled hundreds of flights scheduled for Saturday, and a humanoid-robot half marathon that was set to take place on Sunday has been postponed to April 19.
    Numerous parks and museums have been closed, including the Summer Palace, the Temple of Heaven and Beihai Park, and fueling operations at gas stations and oil depots have been suspended. A number of museums, including the National Museum of China, announced on Saturday evening that they would remain closed on Sunday.
    As of 10 a.m. Saturday, a total of 288 trees were toppled across the city due to the strong winds, damaging 19 vehicles, according to Beijing’s emergency management authorities. There have been no reports of damage to ancient trees.
    According to the local administration of financial regulation, as of 11 a.m. Saturday, the property insurance institutions in Beijing had handled 101 insurance claims involving gales, with an estimated loss worth over 1.6 million yuan (about 221,954 U.S. dollars).
    No injuries or fatalities related to the extreme winds have been reported in Beijing.
    In the neighboring Tianjin Municipality, peak gusts of 43.2 meters per second were recorded in Jizhou District’s Panshan area — the strongest winds since records began in 1951.
    In the city’s urban center, record-high winds reached 25.3 meters per second, and authorities have warned that the extreme conditions are expected to persist through Monday.
    Farther northeast, in Liaoning Province’s Dalian, local authorities have issued yellow alerts for strong winds that will affect both land and sea areas.
    In northern Shanxi Province, the State Grid branch has deployed over 3,000 personnel to inspect and reinforce electrical facilities. Emergency repair teams and mobile generators were positioned across the province in advance to ensure rapid power restoration in the event of outages.
    In the Inner Mongolia Autonomous Region, strong winds have disrupted rail, road and air traffic. Beijing-bound high-speed rail services departing from the region’s central and western areas have been temporarily suspended, and airports in cities like Hohhot, Xilinhot and Hulunbuir have canceled dozens of flights due to adverse weather conditions.
    Experts say that as the strong cold air hits northern China, most parts of Inner Mongolia have seen strong winds. Many places in the east have experienced heavy rain and snow, while blizzards swept across some areas, with the temperature dropping by 10 to 20 degrees Celsius.
    The regional meteorological authorities forecast on Saturday that rain and snow will continue in eastern Inner Mongolia over the next two days.
    Meanwhile, in central China’s Henan Province, extreme winds have triggered a Level-III emergency response and prompted the issuance of over 100 meteorological warnings. Multiple tourist attractions, including the Zhengzhou Fantawild Resort, have been temporarily closed as a precautionary measure.

    MIL OSI China News –

  • MIL-OSI China: China-funded road inaugurated for economic boom in Cambodia

    Source: China State Council Information Office

    Cambodian Prime Minister Hun Manet (C, front) cuts the ribbon to inaugurate the National Road 71C in Tbong Khmum province, Cambodia, April 12, 2025. [Photo/Xinhua]

    Cambodia on Saturday inaugurated the China-funded National Road 71C, connecting the eastern Tbong Khmum province with the southeastern Kampong Cham province, for economic boom in the country.

    Speaking at the inauguration ceremony, Cambodian Prime Minister Hun Manet said the 114.9-km road is crucial to facilitating travel and goods transportation and will play an important role in helping boost the local economy and tourism development.

    “The National Road 71C is expected to help boost the efficiency of the exports of agricultural and agro-industrial products, particularly rubber,” he said. “It will also help attract more tourists and investors to areas along the road.”

    Hun Manet said China is an “indispensable friend” of Cambodia for socio-economic development.

    “China is recognized as No. 1 partner, who has been providing a great amount of concessional loans and grants for the development of infrastructure, including roads and bridges in Cambodia,” he said.

    He said that alignment between China’s Belt and Road Initiative and Cambodia’s Pentagonal Strategy has provided “win-win results”.

    Speaking at the event, Chinese Ambassador to Cambodia Wang Wenbin said to date, China has helped construct national roads in a total length of over 4,000 km and more than 10 large-scale bridges.

    “Roads and bridges across the Mekong and Tonle Sap Rivers have not only facilitated the daily travel of the Cambodian people, but also injected vigorous energy into the development of Cambodia,” he said.

    “This is a vivid example of alignment between the Belt and Road Initiative and the Pentagonal Strategy,” he added.

    Cambodian Minister of Public Works and Transport Peng Ponea said the road was built by the Shanghai Construction Group (SCG) in 42 months.

    “The road will facilitate travel, trade, and tourism in both countries and nearby provinces,” he said. “It will also facilitate the transportation of crop seeds and agricultural and agro-industrial products, reducing costs and travel time.”

    Taing Sim, a 52-year-old resident in Kampong Cham province, said that when the road had not been constructed, travel was quite difficult and it took a long time because of mud and bumpy conditions.

    “Now, the road is nice, which will facilitate the fast transportation of goods such as tapioca, cashew nuts, and rubber latex,” she told Xinhua while attending the inauguration ceremony.

    “I would like to thank China for helping develop Cambodia, and the Cambodian people are pleased to see good roads and bridges,” she added.

    Cambodia has a proverb saying, “Where there is a road, there is hope,” Sim said, adding that China has built roads for Cambodia, which means that China has built hope for the Cambodian people.

    Heng Sivleng, a 53-year-old resident in Kampong Cham province, said in the past, traveling on road from Tbong Khmum to Kampong Cham by motorcycle, it took up to three hours because of bad-conditioned road during the rainy season.

    “Now, the road is good and convenient to travel, reducing costs on fuel and shortening travel time,” she told Xinhua. 

    An aerial drone photo taken on July 14, 2024 shows the National Road 71C in Tbong Khmum province, Cambodia. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI USA: Smucker Leads Bipartisan Group Supporting Medicare Enrollment Protection Act

    Source: United States House of Representatives – Representative Lloyd Smucker (PA-16)

    WASHINGTON – U.S. Representatives Lloyd Smucker (PA-11), Angie Craig, Gus Bilirakis (FL-12), Mike Thompson (CA-05), Erin Houchin (IN-09), and Donald Norcross (NJ-01) have introduced the Medicare Enrollment Protection Act. This bipartisan legislation aims to protect seniors who enroll in Medicare Part B after their COBRA coverage ends from potential coverage gaps and late enrollment penalties.

    Under current law, all seniors must enroll in Medicare Part B within three months of turning 65. Seniors who continue working past 65 and maintain employer-sponsored coverage are granted an exception. However, COBRA continuation coverage does not qualify for this exemption.

    As a result, seniors who choose to extend their coverage through COBRA instead of enrolling in Medicare are subject to waiting periods of up to a year before they can begin receiving coverage and risk a lifetime of increased Part B premiums and other financial penalties.

    The Medicare Enrollment Protection Act seeks to close this loophole by creating a transition period that would allow seniors on COBRA to enroll in Part B during any month they have active COBRA coverage. As long as they enroll in Medicare Part B before their COBRA coverage ends, they would not be subject to a permanent late enrollment penalty.

    “This legislation is a commonsense effort to make health care more affordable for American seniors by providing a transition period before Medicare late enrollment penalties are applied,” Rep. Smucker said. “Seniors should be able to make their own choices and enroll in Medicare at an age that makes sense for themselves, not one set by the federal government. I have been fighting for this change to make the enrollment process easier since coming to Congress. I will work to secure support from my colleagues on both sides of the aisle, and look forward to this bill’s passage.”

    “Seniors shouldn’t be penalized for keeping their existing health coverage before enrolling in Medicare,” said Rep. Erin Houchin (IN-09). “The Medicare Enrollment Protection Act is a commonsense solution that protects seniors from unexpected penalties and ensures they have the flexibility and peace of mind they deserve.”

    “Medicare has provided care to millions of seniors and people with disabilities for decades. Protecting access to this program is vital to ensure they continue to receive the care they need,” said Rep. Thompson. “The bipartisan Medicare Enrollment Protection Act will help Americans enroll in Medicare and work to ensure beneficiaries are not faced with unexpected expensive penalties. I’m pleased to join my colleagues to protect access to Medicare for those who depend on this program.”

    “We want to ensure the transition from private health care to Medicare is easy,” said Congressman Bilirakis. “The current law does not meet that objective. Additionally, the law does not properly reflect the need for flexibility due to the various challenges that those exiting the workforce face in today’s economy. Our bill empowers seniors to make the health care decisions that best fit their individual needs without fear of a lifetime penalty, and I look forward to its quick passage.”

    “Seniors have paid into Medicare their whole life and it is time we make it easier to access the healthcare they have earned,” said Congressman Norcross. “Seniors already have to overcome complex hurdles to find the coverage they need, and they shouldn’t face excessive penalties for the time it takes them to do so. The Medicare Enrollment Protection Act will empower seniors across South Jersey and America, increasing access to high-quality health care without burdensome penalties.” 

    “We should be making it easier for seniors to access the health care they need, not harder, and that’s what this common sense, bipartisan bill will do,” said Rep. Angie Craig. “I’ll keep working across the aisle to lower health care costs, cut bureaucratic red tape and make life better for every Minnesotan.” 

    The legislation has earned support from national and local advocates. 

    “Ensuring that all seniors, including those on COBRA, receive fair and equitable treatment is a vital step forward. This proposal empowers seniors to make healthcare choices that best fit their needs without the worry of lifetime penalties. NABIP commends Representative Smucker’s commitment to this issue and urges Congress to support this proposal, ensuring seniors are not subjected to undue financial hardships while maintaining access to continuous healthcare coverage.” – NABIP CEO Jessica Brooks-Woods 

    Joshua Brooker, Chief Visionary Officer at SnapHealth and resident of Pennsylvania’s 11th Congressional District shared the following statement: 

    “As a constituent and someone who works closely with retirees navigating Medicare, I’m grateful for Congressman Smucker’s continued leadership on issues that impact seniors. In my experience, about 75% of those transitioning into retirement lean on a broker to help make sense of the process. For those who remain on COBRA, it’s often a well-intentioned decision based on familiarity and the desire to avoid making a mistake.

    The Medicare Enrollment Protection Act acknowledges that Medicare enrollment can be complex—and that sometimes, people simply need a little more time and clarity. This bill provides a thoughtful, one-time opportunity for individuals to make the switch without being penalized. It’s a practical, people-first solution that reflects the reality many retirees face.

    Thank you, Congressman Smucker, for continuing to support policies that meet seniors where they are.”

    MIL OSI USA News –

  • MIL-OSI China: China-funded road connecting two provinces in Cambodia inaugurated

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

    TBONG KHMUM, Cambodia, April 12 — Cambodia on Saturday inaugurated the China-funded National Road 71C, connecting the eastern Tbong Khmum province with the southeastern Kampong Cham province.

    Cambodian Prime Minister Hun Manet and Chinese Ambassador to Cambodia Wang Wenbin attended the event.

    Hun Manet said the 114.9-km road is crucial to facilitating travel and goods transportation and will play an important role in helping boost the local economy and tourism development.

    Hun Manet said China is an “indispensable friend” of Cambodia for socio-economic development.

    China is recognized as No. 1 partner, who has been providing a great amount of concessional loans and grants for the development of infrastructure, including roads and bridges in Cambodia, he said.

    He said that alignment between China’s Belt and Road Initiative and Cambodia’s Pentagonal Strategy has provided “win-win results”.

    Speaking at the event, Wang said to date, China has helped construct national roads in a total length of over 4,000 km and more than 10 large-scale bridges.

    “Roads and bridges across the Mekong and Tonle Sap River have not only facilitated the daily travel of the Cambodian people, but also injected vigorous energy into the development of Cambodia,” he said.

    “This is a vivid example of alignment between the Belt and Road Initiative and the Pentagonal Strategy,” he added.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: New hub helps green tech to flourish

    Source: Hong Kong Information Services

    Last month, the Hong Kong Science & Technology Parks Corporation, or HKSTP, transformed its InnoCentre in Kowloon Tong into a GreenTech Hub, with the aim of supercharging Hong Kong’s drive to be an international hub for green technology and green finance.

    Kevin To, the head of a green tech company focused on developing electric motorcycles, batteries and smart battery replacement systems, believes the hub can be a catalyst for advancing green technology in Hong Kong.

    “We can combine all these green tech companies together,” he said. “We have more opportunities to communicate, to interact with other green tech companies.

    “For example, we are an electric vehicle company – we have a battery, and we need a battery management system. There is a green tech company in this building, they even do the battery management system, so it is very convenient for us to work together with this kind of company.”

    Carbon goals

    Mr To added: “We did a lot of events and have met a lot of companies within the Greentech Hub. It is a really good ecosystem.”

    Explaining that his firm’s operations are primarily focused on the Mainland and Southeast Asian markets for the time being, Mr To highlighted that it also plans to partner with a food delivery platform in Hong Kong, enabling delivery workers to use electric motorcycles.

    He believes this initiative will help the city to achieve its carbon neutrality goals.

    Flourishing ecosystem

    It is expected that the GreenTech Hub ecosystem will accommodate more than 200 green tech companies. HKSTP Associate Director (GreenTech) Howard Lee said it will unite green innovation from various sectors, including new energy, smart city solutions, green building and green fintech.

    “The hub will also feature a dedicated Green Space to showcase these innovative and sustainable green solutions,” he added.

    Moreover, to support companies in the hub, HKSTP has enlisted 16 GreenTech Hub Partners, including financial and business institutions, as well as universities, to support green tech innovation at the site.

    Mr Lee said that focusing resources and expertise at the hub can have synergistic effects.

    “It brings together different green tech companies, contributing to the clustering effect,” he stressed. “It also allows our industry partners to come and look for different green tech solutions.”

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: Enduring Pacific partnerships

    Source: New Zealand Government

    Kia ora, aloha, good morning. 
     
    Interim President of the East-West Center, Jim Scott, distinguished guests.
     
    It is an absolute pleasure to be here in Hawaii, leading a cross-party delegation through the Pacific. New Zealand’s commitment to the Pacific is foundational to who we are as a people. It transcends governments, political parties, and the disruptive events and controversies of the moment. 
     
    A core and enduring part of New Zealand’s approach is our determination to work with our Pacific brothers, sisters and cousins to forge together a more secure, more prosperous and more resilient future, which grows opportunities and possibilities for our peoples.
     
    Our delegation is looking forward to an open, free-flowing discussion with you, representatives of the East-West Centre. This institution has, for generations, sought to promote dialogue about the developments in our region and the United States’ place in it. As the name of this Centre implies, the world works best when different cultures – from East to West – come together. 
     
    Before we start our discussion, I wanted to offer some reflections – as New Zealand’s Minister of Foreign Affairs – about the relationships binding New Zealand, the United States, the Pacific and the broader Indo-Pacific. 
     
    New Zealand and the United States are Pacific partners, as Hawaiians know well. Indeed, Auckland and Honolulu are two of the great Pacific cities: the northern and southern points of the so-called Polynesian triangle. Many, many Polynesians scattered across our vast, oceanic region have, over many, many generations, migrated to Auckland and Honolulu. These two wonderful cities stand as diverse, vibrant testaments to Polynesian histories and cultures. 
     
    We gather in Honolulu at an important, uncertain, anxious time in world affairs. Every day, we wake up to headlines about confronting events that are happening on the world stage.
     
    It is a common human tendency to think that the events or ravages of the moment are unprecedented. That the challenges we face are uniquely urgent or complex. Indeed, the most overused word in politics is ‘crisis’. This, coupled with the hyperactive social media age we live in, can generate an urge to react too quickly and too stridently. To set out absolute principles to defend. To draw battle lines. To pick sides. To form teams. To fight. 
     
    But, being in Honolulu, it’s hard not to take a longer view of what the world is currently experiencing and of the choices facing New Zealand and our Pacific partners. 
     
    This morning, we were hosted on the USS Missouri, where the Pacific part of World War II formally came to an end. This was a reminder of the history of shared sacrifice that forever binds New Zealanders, Americans and people from throughout the Pacific. 
     
    Our peoples have fought, and died, together in defence of a free, open and democratic region .  A region in which our people are free to elect their own political leaders and to worship the god of their choice. And a region, the Pacific, that lives up to the promise of that name.
     
    But this dark, painful chapter in our history also provides the backdrop to the efforts we have collectively made, in the eight decades since, to painstakingly build an international order based on dialogue, compromise, diplomacy and trust. This determination not to go back to an era of global wars – to prefer jaw, jaw to war, war – must always be at the forefront of our minds. 
     
    In recent weeks, the tendency to hype up a debate about how international trade works into a black-and-white, polarising issue has been unfortunate and misguided. The use of military language – of a “trade war”, of the need to “fight”, of the imperative to form alliances in order to oppose the actions of one country – has at times come across as hysterical and short-sighted.
     
    For a small country like New Zealand, when events are moving fast and changing day-by-day, the best course is almost always to be cautious, to be modest, to be pragmatic, and to be practical. To wait for the dust to settle before making choices we may later regret. 
     
    Working closely with our one formal ally, Australia, we are guided by a cool-headed assessment of New Zealand’s interests. Those assessments are formed by equally sober analysis of our relative strengths and vulnerabilities, rather than any desire to draw sharp lines in the sand, especially during times when the sand is shifting so fast its final shape is unknown. 
     
    There are historical parallels here. Notwithstanding our strong, indispensable and long-standing partnership during and since the two World Wars of the 20th Century, the governments and peoples of New Zealand and the United States have not always seen eye-to-eye. We have often fought side-by-side, but we have sometimes differed on certain military conflicts. New Zealand pursued a position on the nuclear issue with which the US disagreed. And US Presidents have not always been popular back home.
     
    Some of us have been around long enough to witness the ironies in the cycles of history. In two World Wars, New Zealanders were there from the beginning – and our country lost more people per capita than almost any other. We have also contributed military forces towards trying to solve countless other conflicts, alongside other Western countries. So we know about sacrifice and burden-sharing. 
     
    But we also recall certain protestors, in New Zealand and across the Indo-Pacific, chanting “Yankees Go Home!” during the rancorous days of the late 1960s. Some of those protestors chanted those words perhaps unaware that, just a few decades earlier, their parents and grandparents had been praying that the Americans would arrive to save them. 
     
    We also recall the order-shattering change throughout American history. Presidents as different as Thomas Jefferson, Andrew Jackson, Abraham Lincoln, Franklin Roosevelt and Ronald Reagan all, in historically significant ways, upended their inherited orthodoxies. Yet the enduring experiment in democratic government that was created by America’s Founders still stands, unbowed. 
     
    Appreciating this history also serves to quiet the breathless language of panic because what we are seeing now is what many of our predecessors have seen before. So, one lesson is that cool heads and quiet diplomacy will succeed where talk of “fighting” will not.
     
    My view of the strategic partnership between New Zealand and the United States is this: we each have the right, indeed the imperative, to pursue our own foreign policies, driven by our own sense of national interest. 
     
    But close friends do not need to be, and should not be, confrontational and rude with one another, as New Zealand sometimes was towards the United States in the mid-to-late 1980s. And we should never forget what binds and unites us, bonds stronger and more long-lasting than the controversies and headlines of the moment. 
     
    We should give each other the benefit of the doubt and a fair hearing, seek to understand each other’s perspectives, and find common cause and common purpose. 
     
    New Zealand looks forward to working with the new US Administration to support a peaceful, prosperous and resilient Pacific and wider Indo-Pacific region. We look forward to continue partnering across the interdependent areas of security, economics and development.
     
    We were in Washington DC recently, to meet representatives of the new US Administration, including the Secretary of State and the National Security Adviser. One message they had for us was that the United States expected New Zealand to carry our share of the burden in keeping our part of the world safe and prosperous. 
     
    This New Zealand government, through decisions on defence capability and development spending, is seeking to meet that challenge under difficult fiscal conditions. To carry, like we did in the war that ended on the USS Missouri, our part of the burden of keeping our region and our world safe, free and open.  We do this because it’s the right thing to do. Because it’s in New Zealand’s interests. 
     
    One message we carried to Washington DC was that New Zealand wants, indeed needs, for the United States to remain an active, engaged and constructive partner in the Indo-Pacific. 
     
    Our discussions here in Honolulu over the next few days are designed to reinforce that message, and to carry forward the generations-old commitment of New Zealanders and Americans to work together for a more peaceful, more prosperous, and more resilient Pacific. 
     
    On this score, we valued our discussions in Washington DC last month and we look forward to more constructive dialogue in the days ahead. We acknowledge there is uncertainty and indeed anxiety over aspects of current US policy towards the Pacific. Part of that is a natural and regular consequence of a change of Administration in Washington. Part of it relates directly to recent US decision-making on such issues as development spending and tariffs – positions that, in our view, are still evolving. 
     
    But our message to both our American friends, and to our Pacific family, is a timeless one. As we work through the issues facing us today, let us treat one another with open minds, hear each other out, opt for quiet rather than megaphone diplomacy, and remember our collective purpose of pursuing and protecting a free, democratic, open, prosperous and resilient Pacific. Let us proceed carefully, cautiously, and always as friends.
     
    In the coming days, we will be reflecting about the past as we contemplate the future. We will be having dialogue about the Pacific with representatives of the US Government, the governments of Northern Pacific countries Palau, Marshall Islands, and the Federated States of Micronesia, as well as the Hawaiian state Government.
     
    We will be visiting the Bishop Museum, one of the world’s largest repositories of Pacific artefacts, and Pearl Harbor – where the Second World War was dramatically changed on one, fateful day. And we will be laying a wreath in honour of American and New Zealand servicemen who died in defence of our region. 
     
    As we go through this interesting and important programme here in Honolulu, we will seek to remember those enduring values and interests that unite New Zealand, the United States and the Pacific. And we will continue to promote careful, pragmatic, quiet dialogue – aimed at deescalation and practical problem solving, rather than premature posturing.
     
    That is the Pacific Way. 
     
    Thank you. 

    MIL OSI New Zealand News –

  • MIL-OSI United Kingdom: First Minister: Scotland must be resilient in face of global shocks

    Source: Scottish Government

    ‘UK response must reflect changing reality.’

    The Scottish Government will take steps to ensure Scotland is as “resilient as we can possibly be” in the face of global economic uncertainty, First Minister John Swinney has said.

    Responding to the events of the last few weeks, the First Minister has called for a UK Government response that reflects the fact that “the world is changing around us”.

    First Minister John Swinney said: 

    “I know that this is a time of great uncertainty for people, that many families and businesses are worried about what global events will mean for their finances.  That is why I want us to be united and creative in our response, to ensure that we are as resilient as we can possibly be.

    “My view is that UK response should include removing the self-imposed economic straitjacket of the Chancellor’s fiscal rules and reversing the job – and growth – destroying increase in employers’ National Insurance contributions. The world is changing around us and quite simply, the UK government needs to change too.

    “It should include closer alignment with the European Union. If trade barriers are being constructed across the Atlantic, they must be swept away in the Channel and North Sea.

    “And it should include investment in Scotland’s green industrial future.  If British Steel is to be nationalised to protect it, then so too should Grangemouth.

    “If a supercomputer is to be built in the London-Oxford-Cambridge triangle, then the cancelled supercomputer for Edinburgh should be restored.

    If carbon capture and storage is to proceed on Tyneside and Merseyside, it should be given an immediate green light for the north-east of Scotland too.

    “This is what it means to get serious about Scotland’s economic future. Given the scale of the threat, anything less is not good enough.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Government acts to save British steel production

    Source: United Kingdom – Executive Government & Departments

    Press release

    Government acts to save British steel production

    Urgent action by the Government sees vote on emergency powers to save British steel production.

    • Parliament recalled to introduce emergency powers that will allow the Government to protect the Scunthorpe site
    • Unique action to gives the best chance of safeguarding steelmaking, protecting jobs, national security and supply chains.
    • This strategic decision aims to secure domestic steel production for nationally important projects like airports, rail and housing and deliver growth at part of the Plan for Change.

    Steelmaking is set to continue in Scunthorpe following urgent action by the UK Government on Friday 11 April.   

    The Prime Minister requested the recall of Parliament to vote on emergency legislation to prevent the blast furnaces being shut down.

    The move will maximise the chances of securing domestic steel production – a crucial national capability which was at risk of collapse under the site’s current ownership. This is a very specific intervention taken in exceptional circumstances.

    British Steel’s owners Jingye confirmed their intention to close the blast furnaces at Scunthorpe immediately, despite months of negotiations in good faith and a generous offer of co-investment from the UK government of £500 million. 

    If the blast furnaces were to be immediately switched off, this would put at severe risk the future of steelmaking at this unique site. 

    The legislation will give the Government the power to direct the company’s board and workforce, ensure they get paid, and order the raw materials to keep the blast furnace running.

    In the meantime, the Government has instructed the company’s UK management to continue the running of the plant to ensure the furnaces keep burning. This legislation means that anyone employed at the plant who takes steps to keep it running, against the orders of the Chinese ownership, can be reinstated if sacked for doing so.

    Steel is vital for both the UK’s national security and manufacturing, and crucial for the Government’s mission to build 1.5 million new homes in the UK as part of its Plan for Change, with construction projects requiring millions of tonnes of steel. 

    Given global economic instability, it is crucial that manufacturing is protected at home. That’s why the Government took action earlier this week to support the car industry by easing the path to the EV mandate and deliver a £30 million package to support the reopening of Doncaster Sheffield Airport, which is expected to support 5,000 jobs and boost the economy by £5 billion.  

    Business Secretary Jonathan Reynolds said: 

    “We will always do what is necessary to keep Britain secure at home and strong abroad. We are doing what previous governments have failed to, acting in the national interest to help secure UK steelmaking for the future.

    “We negotiated with British Steel’s owners in good faith ever since coming to office. We made a generous offer of support to the company and I am deeply disappointed that we have been forced to take these measures, but Jingye have not been forthright throughout this process, and left us no choice but to act. 

    “We’re in a new and changing world where it’s never been more important to support our security and build our resilience, so that we can have strength abroad and renewal at home, and that’s what this government has done.” 

    A Bill was voted on by MPs on Saturday 12 April to ensure continuity of production at the Scunthorpe site – avoiding the danger and cost of allowing it to stop.  

    Funding for the site will come from the Government’s £2.5bn steel fund, to help rebuild the industry over the next five years.  

    NOTES TO EDITORS 

    • All funding required for the site will come out of existing budgets, within the departmental spending envelope set out by the government at Spring Statement 2025.No further government borrowing is envisaged to support any intervention
    • As the Chancellor and PM have made clear, the UK’s fiscal rules remain non-negotiable.

    Updates to this page

    Published 12 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI: XRP News: Only 9 Days Left as XploraDEX $XPL Presale Enters Countdown Phase – Last Chance to Join XRP’s Smartest DeFi Launch

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, Switzerland, April 12, 2025 (GLOBE NEWSWIRE) — The clock is ticking, and the window is closing. With just 9 days left before the XploraDEX $XPL presale officially ends, crypto investors across the XRP ecosystem are making their final moves to lock in what could be the most promising DeFi launch of 2025.

    XploraDEX isn’t just another decentralized exchange, it’s the first AI-powered trading platform on XRPL, designed to give every trader the advantage of predictive analytics, intelligent automation, and precision execution. With over 44% of the presale already sold and momentum accelerating, this is the final opportunity to secure $XPL at presale prices before listings go live.

    Buy $XPL Tokens

    What’s the Buzz About?

    XploraDEX is turning heads for a reason. The platform combines lightning-fast XRPL infrastructure with cutting-edge AI tools. Traders can predict market trends in real time, execute automated strategies, receive adaptive risk alerts, and monitor personalized dashboards that adjust to their trading behavior. This isn’t just a place to swap tokens—it’s an intelligent platform that helps users trade smarter with every move.

    Participate in $XPL Presale

    Why You Need to Act Now

    With only 9 days remaining, the $XPL presale is entering its most critical and competitive phase. Investors who miss out now will not only lose access to the lowest token prices—they’ll miss the chance to gain higher staking yields, VIP access to the beta version of the AI dashboard, and a seat at the table when major governance decisions are made. XploraDEX is also granting early adopters front-row access to launchpad token sales and exclusive trading modules available only to $XPL holders.

    The Final Phase Is Here

    Once the $XPL PreSale ends, $XPL will be listed on major XRPL-based decentralized exchanges at a higher price point. Platform rollouts, staking programs, and AI feature deployments will follow immediately—giving early investors a clear edge. This is your last chance to be part of the protocol’s foundation and share in the upside as adoption accelerates.

    If you’ve been watching XploraDEX rise from concept to presale success, this is your final call to join the ranks of first movers. There are just 9 days left before this door closes—and based on current momentum, the final allocation won’t last that long.

    Join the $XPL Presale Now: https://xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c86b1831-8dd5-4a26-a70e-33ad01e0af0a

    The MIL Network –

  • MIL-OSI USA: Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended

    US Senate News:

    Source: The White House
    MEMORANDUM FOR THE SECRETARY OF STATE
    THE SECRETARY OF THE TREASURY
    THE SECRETARY OF COMMERCE
    THE SECRETARY OF HOMELAND SECURITY
    THE UNITED STATES TRADE REPRESENTATIVE
    THE ASSISTANT TO THE PRESIDENT FOR ECONOMIC POLICY
    THE ASSISTANT TO THE PRESIDENT FOR NATIONAL SECURITY AFFAIRS
    THE SENIOR COUNSELOR TO THE PRESIDENT FOR TRADE AND MANUFACTURING
    THE CHAIR OF THE UNITED STATES INTERNATIONAL TRADE COMMISSION 
    SUBJECT:       Clarification of Exceptions Under Executive
    Order 14257 of April 2, 2025, as Amended 
    In Executive Order 14257 of April 2, 2025 (Regulating Imports With a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits), I declared a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits, and imposed additional ad valorem duties that I deemed necessary and appropriate to deal with that unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security and economy of the United States.
    In Executive Order 14257, I stated that certain goods are not subject to the ad valorem rates of duty under that order.  One of those excepted products is “semiconductors.”  The subsequent orders issued in connection with Executive Order 14257 — i.e.,  Executive Order 14259 of April 8, 2025 (Amendment to Reciprocal Tariffs and Updated Duties as Applied to Low-Value Imports from the People’s Republic of China), and the Executive Order of April 9, 2025 (Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment), (Subsequent Orders) — incorporate the exceptions in Executive Order 14257, including for “semiconductors.”
    That term’s meaning includes the products classified in the following headings and subheadings of the Harmonized Tariff Schedule of the United States (HTSUS):
    ·       8471
    ·       847330
    ·       8486
    ·       85171300
    ·       85176200
    ·       85235100
    ·       8524
    ·       85285200
    ·       85411000
    ·       85412100
    ·       85412900
    ·       85413000
    ·       85414910
    ·       85414970
    ·       85414980
    ·       85414995
    ·       85415100
    ·       85415900
    ·       85419000
    ·       8542
    To the extent that the HTSUS does not currently fully reflect the products listed above as excepted from the ad valorem duties imposed under Executive Order 14257 and the Subsequent Orders, the HTSUS shall be modified by inserting in numerical order the headings and subheadings listed above into subdivision (v)(iii) of U.S. note 2 to subchapter III of chapter 99, effective as of 12:01 a.m. eastern daylight time on April 5, 2025.  Any duties that were collected at or after 12:01 a.m. eastern daylight time on April 5, 2025, pursuant to Executive Order 14257 and the Subsequent Orders, on imports that are excepted under Executive Order 14257 and the Subsequent Orders because they are “semiconductors,” as explained in this memorandum, shall be refunded in accordance with U.S. Customs and Border Protection’s standard procedures for such refunds.
    As explained in Executive Order 14257 and the Subsequent Orders, the Secretary of Commerce and the United States Trade Representative, in consultation with the Secretary of State, the Secretary of the Treasury, the Secretary of Homeland Security, the Assistant to the President for Economic Policy, the Assistant to the President for National Security Affairs, the Senior Counselor to the President for Trade and Manufacturing, and the Chair of the United States International Trade Commission, are authorized to employ all powers granted to the President by the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) as may be necessary to implement Executive Order 14257 and the Subsequent Orders.  Measures taken to implement Executive Order 14257 and the Subsequent Orders shall be done in accordance with this memorandum.
                                  DONALD J. TRUMP

    MIL OSI USA News –

  • MIL-OSI USA: 200+ HOUSE DEMOCRATS FILE AMICUS BRIEF AGAINST UNCONSTITUTIONAL TRUMP BIRTHRIGHT CITIZENSHIP EXECUTIVE ORDER 

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Washington, D.C. — Today, House Democrats continued their efforts to push back against President Donald Trump’s unlawful executive directives by filing an amicus brief in defense of the essential constitutional principle of birthright citizenship in the matter of State of Washington, et al. v. Trump, et al. The brief was signed by 208 members of the Democratic Caucus, including leads and Litigation Task Force Co-Chairs Assistant Leader Joe Neguse and Ranking Member Jamie Raskin, along with House Democratic Leader Hakeem Jeffries, Representatives Bennie Thompson, Ranking Member of the Homeland Security Committee, and Pramila Jayapal, Ranking Member of the Subcommittee on Immigration Integrity, Security, and Enforcement.

    Also at the forefront of the endeavor are Congressional Black Caucus (CBC) Chair Yvette Clarke, Congressional Hispanic Caucus (CHC) Chair Adriano Espaillat, Congressional Asian Pacific American Caucus (CAPAC) Chair Grace Meng, and Congressional Jewish Caucus (CJC) Co-Chairs Jerry Nadler and Brad Schneider.

    In their argument, the amici curiae (or friends of the court) presented overwhelming evidence that Trump’s day-one order to nullify birthright citizenship violates not just the Constitution and over a century of Supreme Court rulings, but also laws passed by Congress that have repeatedly guaranteed citizenship to children born in America.

    “An Executive Order is a Memo from the President to his staff. It does not trump federal law, much less the Constitution. Trump cannot end the Constitutional right to birthright citizenship with the stroke of his pen. That’s laughable. The order would strip children born in America of their rights under the Fourteenth Amendment, which violates the plain language of the Constitution, as repeatedly reaffirmed by the Supreme Court, as well as decades-old federal laws that codify this constitutional right,” said Ranking Member Raskin. “Trump not only believes he is above the law, he believes he has the power to strip the people of the United States of their fundamental constitutional rights and freedoms. The president does not get to decide who gets to be an American. That’s why I am proudly joining the fight to defend the Constitution, 150 years of legislative and judicial precedent, and the birthright of all children born in America.”

    “Donald Trump and Elon Musk will stop at nothing to enact their far-right agenda, including attacking the United States Constitution with an unprecedented assault on birthright citizenship and the Fourteenth Amendment. Their blatant and unlawful disregard for the rule of law in the form of this illegal executive order shocks the conscience and House Democrats will continue to push back against it. I am grateful to Rep. Raskin, Rep. Jayapal, Rep. Thompson, Rep. Clarke, Rep. Espaillat, Rep. Meng, Rep. Nadler, Rep. Schneider and Assistant Leader Neguse of the Litigation Working Group and Rapid Response Task Force for leading House Democrats as we stand up against this unconstitutional attack on the American way of life,” said Leader Jeffries. 

    “President Trump cannot overturn the 14th Amendment by way of executive fiat,” said Assistant Leader Neguse. “And as both the son of immigrants and a defender of the democratic values that form the foundation of our nation, I will push back against this blatantly unconstitutional effort.”

    “Under the Constitution, people born here are United States citizens, no matter who they are, what they look like, or where their families came from. It’s just that simple. We will not allow this administration to redefine what it is to be an American just to fit their outrageous anti-immigrant beliefs. Americans reject what Trump is trying to do and the courts should too,” said Ranking Member Thompson. 

    “Birthright citizenship is a core piece of our Constitution. Ending it through executive order is simply unconstitutional and a dangerous overreach of executive power,” said Ranking Member Jayapal. “All persons born on U.S. soil are U.S. citizens, that is what our Constitution dictates and is something President Trump cannot undo by waving a pen. As the first immigrant to serve as Ranking Member of the Subcommittee on Immigration, Integrity, Security, and Enforcement, I am proud to be co-leading on this amicus brief to stand up for the immigration laws of this country.”

    “President Trump’s unlawful executive order to revoke birthright citizenship is a flagrant violation of the Fourteenth Amendment and the President’s oath to protect and defend the Constitution. This is nothing more than a desperate attempt to sow division and stoke xenophobic sentiment for political gain. We are a nation of laws, not one ruled by a king, and the courts must step in to uphold the Constitution from those who seek to undermine it. I am proud to join my colleagues to fight against this unlawful action and protect the principles that have made our country into what it is today,” said Chair Meng. 

    “For more than a century, a cornerstone of our law is that those born on U.S. soil are American citizens. President Trump’s executive order to nullify birthright citizenship is in clear violation of the Fourteenth Amendment and is further evidence that extremist Republicans more concerned with dividing our country, not lower the cost of living, or improving economic conditions for hardworking Americans. President Trump has absolutely no authority to unilaterally write American citizens out of the Constitution, and any challenge to that notion is utterly fanciful. As Chair of the Congressional Black Caucus, I am proud to join my colleagues in making clear that we will not stand down against President Trump and extremist Republicans’ lawless and xenophobic attacks,” said Chair Clarke. 

    “Nearly 200 members of Congress banded together behind this critical amicus brief to defend birthright citizenship—one of the most fundamental promises enshrined in the 14th Amendment. For over 150 years, it has guaranteed that every person born on U.S. soil is equal under the law, no matter their background. Any attempt to dismantle this right by executive order is not only unconstitutional—it’s an attack on the very foundation of our democracy. For the Latino community, this fight is deeply personal. Our families are workers, business owners, taxpayers, and proud Americans who contribute to the strength and prosperity of this country every single day. Stripping their children of citizenship would create a dangerous underclass and tear at the fabric of our workforce and economy. We will not allow this nation to return to a dark chapter in its history—we will fight to protect the 14th  Amendment and the future it promises all our communities,“ said Chair Espaillat.

    “Since the founding of our country 249 years ago, we’ve recognized that every person born in the United States is a citizen. Turning against this founding principle goes against everything we believe in and hold sacred as a country. We should learn from history where this kind of dismantling of civil liberties leads. President Trump is tearing down our institutions and undermining the values that make America the greatest country in the world,” said Congressman Schneider. 

    “Donald Trump’s divisive and xenophobic policies seek to divide and distract us,” said Congressman Nadler.  “We are dealing with a President who believes he is not just above the law, but above the U.S. Constitution.  The 14th Amendment is clear that persons born in the United States are U.S. citizens. And yet, President Trump feels compelled to single-handedly change what has been universally understood about the law since the Amendment was adopted in 1868.  All Americans should be disturbed by Trump’s assertion that he can unilaterally change the Constitution at will to suit his purposes.  This represents an assault on our democracy, and we cannot stand idly by and allow the President to disregard fundamental pillars of the Constitution. That is why I am proud as the Congressional Jewish Caucus Co-chair to join my colleagues in leading this effort.”

    The full amicus brief is available HERE. 

    House Democrats add this to the growing list of court cases filed against the Trump Administration in which they have become involved, including successfully urging a federal judge to block efforts to dismantle the Consumer Financial Protection Bureau (CFPB). 

    litigationandresponse.house.gov

    ###

    MIL OSI USA News –

  • MIL-OSI: BexBack Launches New Promotional Packages: 100x Leverage, $50 Bonus, and No KYC for Crypto Traders

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 12, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to trade below $85,000 and analysts predict that the crypto market will remain volatile, holding spot positions may not generate short-term profits. Recent economic shifts, including policy announcements such as President Trump’s tariff decisions, have brought some stabilization, but the volatility remains. For investors seeking to maximize returns in these uncertain times, BexBack Exchange offers a powerful solution. With 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, BexBack empowers traders to seize market opportunities. And with no KYC requirements, it provides a seamless and efficient way to trade.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and more than 50 other major altcoins. Headquartered in Singapore, with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a US MSB (Money Services Business) license and is trusted by over 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, and offers no deposit fees, along with exceptional customer service, including 24/7 support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/29ad5549-25cd-4fa8-b2d2-4d3efcb6706e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7a2149fa-fed5-43dd-8c42-87c12b1d02c0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a4231dec-3cbd-4169-98ac-18c6e57e5a26

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5b9d1109-efe3-44d9-8d19-9bf66cbbc3fc

    The MIL Network –

  • MIL-OSI: AI Crypto Exchange GeniZenith Officially Launches with Compliance Focus

    Source: GlobeNewswire (MIL-OSI)

    LITTLETON, Colo., April 12, 2025 (GLOBE NEWSWIRE) — GeniZenith CRYPTO GROUP LIMITED today announced its official launch, unveiling an ambitious vision to develop and operate the world’s first AI Cloud cryptocurrency trading system. Headquartered in the United States, GeniZenith aims to revolutionize the digital asset market by addressing critical industry pain points through the strategic integration of cutting-edge artificial intelligence (AI) and robust cloud computing. From its inception, the company has established a strong foundation of regulatory compliance.

    The rapidly growing cryptocurrency market presents immense opportunities but is often challenged by trading inefficiencies, significant security vulnerabilities, complex user experiences, and difficulties in navigating extreme volatility. GeniZenith is engineered to directly tackle these issues, redefining the standard for cryptocurrency exchanges. The company’s core innovation lies in synergizing AI’s analytical power with the scalability and resilience of cloud infrastructure. The platform is designed not only to execute trades with superior speed and efficiency but also to empower users with AI-driven insights, adaptive trading strategies, and proactive risk management tools – all within a highly secure environment.

    A strong commitment to operating responsibly within the U.S. regulatory landscape is fundamental to GeniZenith’s strategy. The company confirms its incorporation in the State of Colorado (ID Number: 20251174882) and its successful registration as a Money Services Business (MSB) with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) (MSB Registration Number: 31000292945082). Furthermore, demonstrating its adherence to established U.S. corporate and regulatory protocols, GeniZenith has completed necessary filings with the U.S. Securities and Exchange Commission (SEC) (File No. 021-541461, Film No. 25753741).

    These foundational steps highlight GeniZenith’s dedication to building long-term trust and ensuring a sustainable, compliant future for its platform and users. The company is committed to meeting and exceeding regulatory expectations as it progresses towards its platform launch.

    GeniZenith plans to offer a comprehensive suite of services, including spot trading, derivatives trading, fiat on/off ramps, and innovative wealth management solutions, all enhanced by its proprietary AI engine. The company aims to provide a seamless and intuitive experience for both novice traders and sophisticated institutional investors.

    About GeniZenith CRYPTO GROUP LIMITED:
    GeniZenith CRYPTO GROUP LIMITED is a US-based financial technology company pioneering the development of the world’s first AI Cloud cryptocurrency trading system. By integrating advanced artificial intelligence with scalable cloud infrastructure, GeniZenith aims to provide global investors with an innovative, efficient, secure, and compliant platform for trading digital assets. Headquartered in Littleton, Colorado, the company is committed to addressing key industry challenges and setting new standards for the cryptocurrency exchange market.

    Contact:
    William Johnson
    Chief Technology Officer
    GeniZenith CRYPTO GROUP LIMITED
    Email: william.johnson@genizenith.com
    Website: https://www.genizenith.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ced6ef17-c546-4b82-8830-396bbdcd6caf

    The MIL Network –

  • MIL-OSI Asia-Pac: Chris Sun promotes HK in KL

    Source: Hong Kong Information Services

    Secretary for Labour ＆ Welfare Chris Sun today attended the “Guangdong-Hong Kong-Macao Greater Bay Area Talent Development Showcase” in Kuala Lumpur, Malaysia.

     

    Promoting Hong Kong’s unique advantages under the “one country, two systems” arrangement, Mr Sun outlined at a symposium that the city is uniquely positioned in the Greater Bay Area to serve a dual role as Mainland China’s gateway to Southeast Asia and as a springboard for companies in countries such as Malaysia to tap the Mainland’s vast domestic market.

     

    He added that the multilingual nature of both Hong Kong and Malaysia facilitates the smooth integration of Malaysian talent in Hong Kong.

     

    Mr Sun outlined that Hong Kong’s Committee on Education, Technology & Talents, chaired by the Chief Secretary, seeks to build on the city’s standing as an international hub for high-calibre talent across various sectors, in line with the “eight centres” concept.

     

    After attending the symposium, Mr Sun toured a career fair being staged as part of the showcase to learn about companies’ demand for international talent. Featuring almost 40 leading bay area enterprises from a variety of industries, it was well-attended both by local professionals and students from Malaysian universities.

     

    Running today and tomorrow, the showcase is organised by the Labour & Welfare Bureau and Hong Kong Talent Engage (HKTE) and is expected to attract more than 4,000 attendees.

     

    Mr Sun said: “Hosting the showcase in Malaysia, a dynamic emerging economy with strategic development potential, the bureau and HKTE aimed at implementing (a) strategy to attract international high-calibre talent under the memorandum of understanding on promoting talent services co-operation in the GBA signed last year by nine municipalities in Guangdong, Hong Kong and Macau.”

     

    Yesterday, Mr Sun visited Universiti Malaya, an eligible university under the Top Talent Pass Scheme, paid a courtesy call on the Chinese Embassy in Malaysia’s Chargé d’Affaires Zheng Xuefang and called on Malaysia’s Minister of Human Resources YB Steven Sim.

     

    Whilst in Kuala Lumpur, the labour chief also met representatives of the Hong Kong-Malaysia Business Association and the Associated Chinese Chambers of Commerce and Industry of Malaysia. He invited them to visit Hong Kong to explore opportunities.

     

    Mr Sun concluded his three-day visit this afternoon and returned to Hong Kong this evening.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Dutton to offer targeted income tax offset of up to $1,200

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

    Peter Dutton at his party launch on Sunday will offer a “cost of living tax offset” of up to $1,200 to more than 10 million taxpayers.

    The one-off offset would go to taxpayers earning up to $144,000 when they lodged their tax return for next financial year, making it more than a year off.

    The full offset would be available to those earning between $48,000 and $104,000 a year. About 85% of taxpayers would benefit from the offset and about half of all taxpayers would receive the maximum offset.

    The tax offer, costing 10 billion, compares with the government’s tax cuts – announced in the budget and legislated that week – that phase in starting mid next year and cost $17 billion over the forward estimates.

    The Coalition’s tax announcement comes as something of a surprise. The opposition had given the impression it believed tax cuts unaffordable.

    There was some disquiet in Coalition ranks at the decision to oppose the government’s tax cuts, and concern about the opposition going to the election with no promise for income tax relief.

    Dutton has returned to a former Coalition policy. The Morrison government introduced a low and middle income tax offset in the 2018-19 tax year. It was subsequently extended but then abolished by the Labor government.

    Dutton said the temporary and targeted offset would provide support for families while a Coalition government addressed the underlying economic problems.

    “Australians are hurting,” Dutton said.

    He said people needed help now.

    “A Coalition government will first provide help to families by cutting fuel by 25 cents a litre – a saving of about $1,500 a year for a two car family. And then by giving back up to $2,400 per family whilst we clean up Labor’s mess. Labor’s 70 cents a day is a bandaid on a bullet wound.

    “Our Cost of Living Tax Offset will put more money back into the pockets of millions of Australians at a time when they’re being crushed by skyrocketing grocery bills, rent, mortgage repayments and insurance costs.”

    He said “Labor’s “so-called tax cut – just 70 cents a day – is a slap in the face to hard working Australians and an insult to families trying to make ends meet”.

    “It shows just how out of touch Mr Albanese really is.”

    Shadow Treasurer Angus Taylor said the Coalition’s tax relief was responsible, temporary and targeted.

    “Labor’s big spending agenda is fueling inflation and driving up the cost of everything.

    “This offset is part of our comprehensive plan to rebuild the economy, ease cost of living pressures, and reward hard work.”

    The Liberal launch is in Sydney.

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

    – ref. Dutton to offer targeted income tax offset of up to $1,200 – https://theconversation.com/dutton-to-offer-targeted-income-tax-offset-of-up-to-1-200-254204

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Caddington Limited Comments on Growth in Fintech Sector

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 12, 2025 (GLOBE NEWSWIRE) — Caddington Limited welcomed the continued expansion of the fintech sector, highlighting new opportunities for innovation, collaboration, and customer-driven solutions.

    “The fintech landscape is evolving rapidly, and Caddington is proud to be at the forefront of this change,” said a company spokesperson. “We’re investing in smart technology and strategic partnerships to better serve the modern financial needs of our clients.”

    The company remains committed to driving forward-thinking solutions that enhance efficiency and accessibility in financial services.

    Financial Assets Manager: Elise Lim

    Website: https://caddingtonlimited.com
    Phone: +85258030614
    Email: 389737@email4pr.com
    Address: #38 Tai Hong Street, Aldrich Bay, Hong Kong4

    Disclaimer: This press release is provided by Caddington Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or business advice. All investments carry inherent risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own due diligence and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any inaccuracies, misrepresentations, or financial losses resulting from the use or reliance on the information in this press release. Speculate only with funds you can afford to lose. In the event of any legal claims or concerns regarding this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without warranties or representations of any kind, express or implied. We assume no responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained herein. Any complaints, copyright issues, or inquiries regarding this article should be directed to the content provider listed above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/51536f97-4d64-47dd-97e7-5f2f51c88307

    The MIL Network –

  • MIL-OSI Banking: JP Morgan and Houlihan Lokey top M&A financial advisers by value and volume in Q1 2025, finds GlobalData

    Source: GlobalData

    JP Morgan and Houlihan Lokey top M&A financial advisers by value and volume in Q1 2025, finds GlobalData

    Posted in Business Fundamentals

    JP Morgan and Houlihan Lokey have emerged as the top mergers and acquisitions (M&A) financial advisers by value and volume for Q1 2025 in the latest Financial Advisers League Table by GlobalData, which ranks financial advisers by the value and volume of M&A deals on which they advised.

    Based on its Deals Database, the leading data and analytics company has revealed that JP Morgan achieved its leading position in the deal value rankings by advising on $133.6 billion worth of deals. Meanwhile, Houlihan Lokey led in terms of volume by advising on a total of 69 deals.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “It is interesting to note that both JP Morgan and Houlihan Lokey were also the top advisers by value and volume in Q1 2024. And despite registering a year-on-year decline in value and volume, respectively, they were still ahead of peers and managed to retain their leadership positions by these metrics in Q1 2025 as well.

    “Houlihan Lokey experienced a very margin drop and the number of deals advised by it mostly remained at the same level in Q1 2025 compared to Q1 2024. Meanwhile, around half of the deals advised by JP Morgan during Q1 2025 were billion-dollar deals*. Moreover, these also included four mega deals valued more than $10 billion, which played a pivotal role for JP Morgan is leading the pack by value. It also occupied the second position by volume.”

    An analysis of GlobalData’s Deals Database reveals that JP Morgan occupied the second position in terms of volume by advising on 56 deals followed by Goldman Sachs with 52 deals, PwC with 38 deals and Morgan Stanley with 36 deals.

    Meanwhile, Goldman Sachs occupied the second position in terms of value, by advising on $130.4 billion worth of deals followed by Morgan Stanley with $96.7 billion, Citi with $83.2 billion and Barclays with $74.7 billion.

    *Deals valued more than or equal to $1 billion

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Lorna Slater Spring Conference 2025

    Source: Scottish Greens

    12 Apr 2025

    Speaking at her party’s Spring Conference in Stirling, Scottish Green Co-Leader Lorna Slater called for action to tax wealth and big polluters to build a fairer, greener Scotland.

    When we met last October our country and our world were in a state of flux. Our political landscape is still shifting dramatically. 

    We have a Labour government telling us that things can only get worse while they cut the incomes of sick and disabled people. They kept the cruel two child cap, which has plunged thousands of families into totally avoidable poverty.

    Although they look set to nationalise British Steel they have betrayed the workers of Grangemouth.

    They betrayed the WASPI women after campaigning for them for years.

    They kowtow to a far right Trump administration that is dismantling hard won rights and freedoms. 

    Donald Trump is a dangerous, fraudulent, misogynistic, racist, climate-change denier. 

    He opposes democratic values and the rule of law. 

    His White House is spreading lies and misinformation about abortion rights here in Scotland – including disgraceful attacks on our colleague Gillian Mackay’s Safe Access Zone Bill; 

    Labour may be happy to make friends with dangerous despots, but we refuse to play nicely while the world burns.

    Trump and his hateful politics are not welcome in Scotland. Our country is not his playground. 

    Prime Minister Keir Starmer, you need to cancel the state visit. Cancel it now.

    The impact of Nigel Farage’s hard right Reform party rising in the polls, is already being felt in Scotland as the Tories and Labour shift to the right to try and rescue their votes.

    The Tories dropping any kind of commitment to net zero, and Labour throwing trans-people under the bus.

    As Patrick said: You can’t beat the far right by stealing their policies.

    You don’t beat Nigel Farage by cozying up to Donald Trump.

    The Scottish Greens will stand our ground as a proud party of the left. 

    We stand with refugees who are being attacked by racist politicians and the billionaire-owned press. 

    We stand with people who have fled war and conflict only to be blamed by those who have cut services and plunged families into poverty.

    We stand with the trans community who have been the focus of a relentless campaign of demonisation from MPs and MSPs from all the other parties.

    Trans rights are human rights. Our Party stands with you today, tomorrow and always.

    We stand with the people of Palestine who are suffering a genocide that has been armed, and supported and enabled by the UK government.

    The crisis there is getting worse and so is the human cost. 

    Babies are being killed long before they have the chance to mark their first birthdays.

    And yet the response from Downing Street has been to continue supporting the carnage.

    If Labour is to have any moral authority then it must end arms sales to Israel.

    It’s not just them. It’s time for the SNP to finally end the grants that are bolstering Israel’s arms dealers.

    For all of us working towards a greener, fairer world, it can feel like we’re losing ground. 

    Sometimes it’s hard to keep hold of hope that we can build something better. 

    The future can be brilliant. We just have to decide to make it so. 

    By working together the Scottish Greens have already taken big steps into that better future. 

    We have taxed high earners to raise billions of pounds for public services; 

    We’ve given free bus travel to everyone under 22;

    We’ve made sure that every organisation in Scotland that receives public money, pays the living wage. 

    We’ve delivered free school meals to more hungry children than ever before; 

    Our rent freeze and eviction protections for renters across Scotland saved tenants thousands of pounds and protected many from being made homeless.

    We have made a big difference to people’s lives. 

    Our work has helped people and planet, and made our country a fairer and better place. 

    All of this has happened because of the work of the people in this room – our volunteers around the country, and our work with campaigners and activists. 

    Among the hardest working people in our movement are the Green Councillors who are transforming local communities for the better. 

    Green Councillors in Glasgow have secured free public transport pilots and extra funding for safer parks and streets. 

    In Edinburgh, our Green councillors stopped council venues and services running advertising from climate wreckers and arms dealers.

    Day in and day out, our councillors across Scotland are supporting their constituents and standing up for their communities. 

    That’s what Councillor Bryan Quinn did when he protected crucial library services and Community Access Points in Clackmannanshire. 

    It’s what Councillor Kris Leask did when he secured an Offshore Energy Strategy for Orkney – something which he’s now leading on delivering. 

    After years of campaigning, our Dunblane and Bridge of Allan councillor Alasdair Tollemache – working with my MSP colleague Mark Ruskell – has successfully protected a vital local green space, Park of Keir, from expensive luxury housing and a tennis centre with unaffordable and inaccessible facilities.

    These are the kind of things we achieve when we put our values into action. 

    It’s what we achieve when we work together to get greens elected. 

    We will be able to achieve even more by getting more Greens elected.

    Can we please all show our appreciation for our councillors.

    The last few years have been difficult for most people, but they haven’t been difficult for everyone. 

    The wealth of billionaires has more than tripled since 2010. They’ve made out like bandits in the last few years, cashing in every step of the way.

    Through austerity, COVID, global market turmoil – the super-rich have been able to enlarge their wealth whilst ordinary people and families have suffered. 

    It is not right that as billionaires are getting richer and richer, household bills are getting higher and higher for everybody else.

    It is not right that fossil fuel companies have raked in huge profits, whilst abandoning any significant investment in green renewables. 

    It is not right that some of the wealthiest people in our society are telling us that we cannot afford to provide public services for people.

    It’s not that we can’t afford good public services, it’s that we can’t afford billionaires.

    Billionaires should not exist.

    It is thanks to the Scottish Greens that the highest earners in Scotland, and people who own more than one home, have to pay more.

    When I see headlines in the right-wing press whining about Scotland’s fairer tax system – it makes me proud. 

    We need to tax the rich. 

    We need to think beyond income tax, we need to tax wealth, we need to tax carbon emissions, we need to tax the big polluters to put money back into people’s pockets, back into public services and to build a fairer, greener country. 

    Nowhere is this injustice more prevalent than when it comes to housing.

    Over the past decade, the cost of renting has skyrocketed. Landlords have been charging more than ever before.

    Right now, private landlords have too much power and renters are suffering.

    The Scottish Greens have made big steps to protect tenants.

    We froze rents and banned evictions in the aftermath of COVID.

    We wrote the Bill to introduce rent controls. 

    And thanks to protections brought in by the Scottish Greens, thousands of people have been protected from eye watering rent hikes. 

    But without us in the room, the SNP are turning their backs on renters. 

    They are buckling under pressure from vested interests who want to water down our rent controls. 

    They want landlords to be able to raise rents higher than inflation.  

    If people aren’t getting a big pay rise, why should landlords? 

    Homes should be for living in – not for profiteering. 

    It’s time to raise tenants rights and lower rents. 

    We’re campaigning to bring in a permanent ban on winter evictions, and we’ve got plans to help local communities force absentee landlords and landowners to sell or rent derelict land for housing. 

    It isn’t just housing where the SNP is coming up short. 

    It’s the same story when it comes to transport.

    If we want to reduce emissions and build happier, healthier communities – public transport is key. 

    Thanks to the Scottish Greens, hundreds of thousands of young people can now get a bus for free – saving families thousands of pounds, and opening up opportunities for Scotland’s young people. 

    Thanks to the Scottish Greens, people seeking asylum in Scotland will soon get free bus passes

    Thanks to the Scottish Greens, thousands of young islanders can now jump on inter-island ferries for free.

    We did that. 

    But the SNP has failed to deliver the scale of investment needed to make public transport a reliable, affordable and accessible option for all. 

    We need more publicly owned bus networks across the whole of Scotland – and capped bus fares. A cap of £2 for every local journey.

    Private bus companies should not be able to hike fares at the same time as cutting lifeline services. 

    It should not be cheaper to travel between Scotland’s two biggest cities by car than by rail.

    The Scottish Government should not be pouring funds into dualling the A9, increasing traffic, pollution and noise, instead of investing in buses and trains. 

    It is far too late in the climate emergency to be building new roads. 

    What we need is cheaper rail for all – that means ending peak time rail fares for good. 

    Cheaper buses, ferries and trains – a win-win for people and planet. 

    Our planet needs us. 

    I know I’m not the only one who has been really shocked by the wildfires that we are seeing across Scotland right now.

    Not the only one who has been horrified by the devastation to people’s homes, businesses and farms that has been done by floods and storms.

    This is the climate catastrophe accelerating. Governments around the world have let us down. They didn’t listen to science, they didn’t cut carbon emissions, they didn’t stop their destruction of our eco-systems.

    What we are seeing now in Scotland, will only get worse, if governments continue to prevaricate, unsure of how to politically manage the cost of moving to an economy that isn’t dependent on fossil fuels. 

    Well anyone who was flooded out or who’s land is burning can see the cost of not making the change.

    So much of what needs to change: insulating homes, building better public transport, building 20 minute neighbourhoods, moving to lower impact agriculture, will actually make life better for everyone. 

    For the kids who will be able to safely cycle to school. For the farmers who can improve their profits by buying fewer expensive fertilisers and pesticides.

    In just over a year’s time, we’ll be heading into the 2026 Holyrood election and this is the story that we are going to tell. 

    Just like free bus travel for under 22’s, the things we need the Scottish Government to do on climate will improve life opportunities for Scots, and will put money back in their pockets.

    Green policies will make life better in practical ways. Warm homes. Clean air. Affordable trains. More buses.

    We know what change is needed. That’s why we exist. 

    The power of our shared vision. So many new possibilities, so much potential. 

    Some say it’s the hope that kills you. I don’t believe that. 

    I think it’s the hope that keeps us all here. It’s certainly what’s kept me here. 

    Everything you do as volunteers in this party matters. Without all of you there would be no Greens in Councils or in Holyrood. There would be no free bus travel for asylum seekers or any of the other changes that we have achieved.

    Whether it’s the all important knocking on doors, taking meeting minutes, delivering leaflets, everything you do matters and it all adds up. It adds up to growing a Green movement in Scotland, it adds to how much we can get done.

    Thank you for all the work you do

    Thank you, in advance for the many miles of pavement you’ll be walking and wheeling in the next 14 months listening to voters on their doorsteps, delivering leaflets, supporting your candidates. We are so grateful for all of it.

    Now is the time to stand together. To be brave and bold. Our vision for a greener, fairer Scotland could never be more important. 

    Let’s show them that the Scottish Greens are the ones who deliver. 

    MIL OSI United Kingdom –

  • MIL-OSI: Alumni Ventures Launches AV Syndicate, Empowering Investors to Select Individual Venture Deals

    Source: GlobeNewswire (MIL-OSI)

    MANCHESTER, N.H., April 12, 2025 (GLOBE NEWSWIRE) — Alumni Ventures (AV), one of the most active venture capital firms in the world, today announced the launch of the AV Syndicate, a new investment platform that allows accredited investors to participate in individual venture deals. This innovative platform further democratizes access to venture capital opportunities, which have remained largely inaccessible to many investors.

    “We’re thrilled to provide investors even greater flexibility and choice,” said Mike Collins, Founder and CEO of Alumni Ventures. “For over 10 years, we’ve offered investors a broad menu of venture fund options. Now with the AV Syndicate, investors can directly select deals from our carefully vetted opportunities, giving them the ability to create their own venture portfolio.”

    Celebrating over a decade of growth and innovation, Alumni Ventures has established itself as a leader in the venture ecosystem. With $1.4 billion in committed capital from over 11,000 customers and a current and historical portfolio of 1,600+ companies, AV is the largest venture firm dedicated to individual investors. AV is also recognized for investing excellence, including top-quartile and decile rankings in distributions to paid-in capital (DPI) and a ranking by CB Insights as one of the top 20 venture capitalists in North America, as of December 31, 2024.

    The AV Syndicate builds on Collins’ original vision to democratize access to venture capital. It significantly lowers the entry barriers for new customers, requiring a minimum investment of only $10,000. AV and its team of ~40 venture investing professionals also ensure that AV investors have access to the firm’s diligence materials and opportunities to discuss the deal in live deal discussions prior to making an investment decision. Collins explains, “One week you might see a seed company that’s offering AI-powered visual inspection to manufacturers. The next might be a Series B company that’s developed a rapid test for sepsis, a leading cause of hospital deaths.”

    Collins added. “We’ve always believed in empowering investors. The AV Syndicate is just the next evolution in delivering on that promise.”

    Investors interested in learning more about the AV Syndicate and exploring investment opportunities are invited to visit av.vc/syndications.

    About Alumni Ventures  
    Founded in 2014, Alumni Ventures (AV) is one of the world’s most active venture capital firms. With more than $1.4 billion in committed capital from over 11,000 accredited investors, AV is democratizing venture capital by expanding access to professional, high-quality venture investment opportunities. AV’s extensive portfolio spans over 1,600 companies across diverse sectors and stages. Learn more at av.vc.

    Media Contact:  
    Luke Antal 
    press@av.vc
    www.av.vc

    Not an offer to sell, or solicitation of an offer to purchase, any security. Venture capital investing involves substantial risk, including risk of loss of all capital invested. See important disclosures here.

    Disclaimer: This press release is provided by Alumni Ventures (AV). The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/edfebbc8-8580-448c-b4d7-93be4f1c4780

    The MIL Network –

  • MIL-OSI United Kingdom: Secretary of State for Transport’s vision for transport

    Source: United Kingdom – Executive Government & Departments

    Speech

    Secretary of State for Transport’s vision for transport

    The Secretary of State for Transport talks about her vision for a transport system that works for everyone.

    Thank you, David, for that introduction.  

    Good evening, everyone, and welcome to the National Railway Museum in York. 

    I’m tempted to say we’re in the country’s finest transport museum, but as a Swindon MP and a former Deputy Mayor for Transport in London, I feel I should tread carefully.

    So welcome to ONE of the VERY BEST transport museums in the country!

    It feels fitting for me to do my first big transport speech here.

    The history of our transport network — the stories of the men and women who designed it, built it, operated and used it — are woven into the fabric of our communities in 21st century Britain.

    And it’s you — the people in THIS room — who are adding to that rich tapestry every day.

    You keep life moving.  

    You get children to school, commuters to work, and families to their holidays.  

    You move the goods that stock our shelves, fuel our industries, and keep businesses thriving.  

    You don’t just connect places — you connect people with the things that they need to get on in life.  

    And it’s in the spirit of connection that I’d like to tell you a story.   

    I hope you won’t be disappointed to learn that I haven’t invited you here for a big policy announcement or news headline, but rather to share a little bit about who I am and what I believe.

    I want to tell you a story about the people and places who have shaped my thinking.

    I grew up in Swindon.

    A proud railway town on the M4 corridor – a place with much to be proud of. 

    It’s also a humble football town – and I can tell you, that as a Swindon Town supporter, I have learnt the lessons of humility all too well.

    By fate and circumstance, that’s where my journey began.  

    Outside our semi detached house, I remember my dad’s first van parked up — ‘Malcolm Alexander Electrical Services’.

    I remember the first bike I was given – blue with a basket on the front — a bit like the blue crate I’ve got on my bike now.

    And I remember learning to drive around the town’s infamous Magic Roundabout. 

    And the car factories that punctuate the town’s history – Rover, Honda and now, BMW.

    It’s fair to say that in 1980s Swindon, the car was king.  

    It still is.

    The proliferation of out of town shopping centres, urban expansions and a minimal public transport network shaped the transport destiny of my town.

    Now, I won’t pretend that urban planning preoccupied my teenage mind too much. 

    Back then, I was much more concerned about whether Wham! were going to make it to Number 1. 

    But when I moved away and got my first job, I began to see the bigger picture… 

    … that a poor transport network will limit choices.  

    … that it can block the aspirations of young people.   

    And, most important of all, a good transport network can do precisely the opposite. 

    I was the first person in my family to go to university. 

    And like so many, I found work and opportunities in the capital.  

    And so it was, at the age of 29, I walked into Lewisham Town Hall as a newly elected councillor – becoming the cabinet member for regeneration just two years later.

    I loved that job, and I fell in love with transport.  

    Now, I’ll admit …

    It wasn’t the language of highways management that enthralled me: “There’s no such thing as a speed hump Cllr Alexander, only speed tables and speed cushions.” 

    But it was the extension of the East London Line, the creation of new brownfield sites around major railway stations, the improvements to walking and cycling links that really got me hooked.

    I learnt quickly that transport shapes a lot more than roads and railways. 

    And equally important, I learnt that it takes a lot of people to shape transport itself.  

    At Lewisham, I saw first-hand how transport investment could make a dramatic difference to people’s lives.  

    Take Brockley Railway Station.

    For years, it was an uninspiring, inaccessible place. 

    Uninviting, a bit run down.   

    Not somewhere you’d instinctively love as you rocked up for your morning commute.  

    But working with local campaigners, we delivered step-free access, a stunning landscaped ramp and better connectivity along the London Overground. 

    Today, Brockley is thriving. 

    It’s a place where the old and the new coexist. 

    The Wetherspoons on the corner and fried chicken shops sit side-by-side with bakeries, breweries and a pedestrianised square.  

    It was a transport scheme that built a stronger, more connected community. 

    And, it was transport that made the difference down the road in Lewisham too.  

    We transformed it — relocating and improving a bus station, moving a roundabout, redesigning the roads, creating land for new homes, new public spaces and new opportunity. 

    And when I say “we”, I mean the hundreds of people from different organisations who made it happen — people like you. 

    When a few years later I became the Member of Parliament for Lewisham East, transport was always right at the top of the list of my constituents’ concerns.  

    The longer train station platforms that were worse than useless without the longer trains to stop at them.

    The toxic air being pumped into homes around the South Circular.

    And when I later became Deputy Mayor for Transport in London, I had the privilege of working on those concerns more closely than I had ever done before.  

    Look, London is big. 

    So yes, naturally, I’m proud of the big stuff: 

    Straining to keep the capital moving through Covid. 

    Working on the Elizabeth line to deliver the jewel in the crown of the UK’s rail network. 

    Sticking to my guns on the Silvertown Tunnel, a new river crossing that enables London’s red double-deckers to go under the Thames to the east of Tower Bridge for the first time.

    But honestly, big doesn’t always mean beautiful. 

    Transport isn’t just about the price tag on the project. 

    It’s about delivering a better everyday experience – buses that come on time, accessible stations, well managed road works. 

    I’m just as proud of the smaller projects that made a big difference — many delivered in London by my good friend and then colleague Will Norman — segregated cycle lanes on Jamaica Road and Evelyn St, more secure cycle parking, slower speeds on roads with high KSIs, a direct vision scheme to improve visibility from the cabs of HGVs.

    These were transport interventions which ultimately delivered better public health, as well as better public realm.

    So when I moved back to Swindon a couple of years ago, I wasn’t just carrying a dream about becoming the MP for my home town.

    I arrived with baggage — determined to deliver for Swindon in a similar way to London. 

    Not the same solutions — as every place is different, but to give people options and opportunity.

    There isn’t something in the water that makes Swindonians love their cars more than Londoners.  

    Just a reality that public transport is better in London.  

    And I think it’s a failure of imagination, as much as a failure of policy, that young people in Swindon don’t have better options than I had decades ago. 

    Because change is possible.  

    Across the country — from Swindon to Shrewsbury,  Rotherham to Peterborough — we have underused transport assets. 

    Unloved railway buildings — land surplus to requirements or land that could be made so. 

    Neglected stations, like Brockley.  

    Potential that shouldn’t go to waste, but we know that, too often, it does.  

    And with vision, funding and collaboration, these could become hubs of regeneration, places that don’t just usher people through — but bring people together. 

    We talk about delivering “London style” transport to other places.   

    But I think we should talk more about “Swindon style” transport for Swindon, or “York style” transport for York. 

    And I want to support the capability and capacity within councils and combined authorities to deliver regeneration, investment and tangible improvements.  

    We have great mayors.  

    We have great local leaders.  

    We have great organisations working nationally and regionally.  

    We have a lot of talent in this room and beyond.  

    So, the question for me, is how do we best harness that?  

    Obviously, this is a question that has vexed me particularly since I took a call from the Prime Minister at the tail end of November, asking me to serve as his Transport Secretary.  

    And as someone who has skin in the game as a local MP and a passion to build on the work started by the force of nature, Lou Haigh, I naturally said yes.  

    And here I am.  

    Full-circle in some ways, and trying to shape a new path in another.   

    And the task is to build a better decade for transport. 

    Towards a better railway… 

    Laying the foundations for reform — establishing Shadow Great British Railways and launching a consultation on the upcoming Railways Bill to unify track and train. 

    Towards public ownership… 

    Passing the Passenger Railway Services Act, with the first operators — Southwestern and c2c — moving into public hands in the coming months. 

    Towards better buses…  

    Introducing the Bus Services Bill, giving local authorities greater control over routes, timetables, and fares — backed by over £1 billion in investment to improve reliability and frequency. 

    Towards better roads… 

    Investing £1.6 billion in local highways, an uplift of £500 million on last year — enough to fill an extra 7 million potholes. 

    Towards fairer work… 

    Enshrining greater protections for seafarers in law. 

    Towards cleaner skies… 

    Introducing the Sustainable Aviation Fuel mandate and launching a consultation on the revenue certainty mechanism. 

    Towards a fossil-free future… 

    Supporting the installation of thousands of new EV charge points—helping to drive record electric car sales, with 31% of new cars sold in December last year being electric. 

    And towards a transport system that supports the aspirations of everyone in this country… 

    It’s why I am so proud to work with the ministerial team at the Department for Transport.

    Like me — and like all of us — they’ve seen the difference that good services make… 

    …Whether it’s the tap-and-go trams and buses in Mike Kane’s patch, with fares capped at £2 on Greater Manchester’s Bee Network. 

    …Or in Simon Lightwood’s patch, where the mass transit system will improve integrated travel options in West Yorkshire, improving access to opportunities for people in Leeds and Bradford.

    …Or, in Nottingham, where one of the local bus operators, Nottingham City Transport, has been voted UK operator of the year a record six times, with passenger satisfaction amongst the highest in the country. I hear Lilian Greenwood is a pretty good local MP too …

    And as for Peter Hendy, who is his own walking museum of transport knowledge, he has a phrase that I would like to steal.  

    He talks about transport needing to be “boringly reliable”.

    And he’s right.  

    If public transport options are boringly reliable, then it means day-to-day life is easier for everyone. 

    So, by 2035, I want public transport to play a greater role in national life, becoming the easiest, most attractive choice… brilliantly and boringly reliable.  

    Enrique Peñalosa, a former mayor of Bogotá, once said:

    “An advanced city is not one where the poor have to own a car, but one where the rich choose to use public transport.” 

    That’s a vision I believe in.  

    But I can picture the headlines now — so let me counter the column inches before they emerge: there is no such thing as a war on motorists.  

    I drive. I own a car and I love it — a racing green Mini Cooper convertible.

    I walk. I cycle.  

    I take buses, trains, and taxis.  

    And I’ll bet most of you do too.  

    No serious person is proposing to ask people like my dad, a self employed electrician, to swap their van for a bus, forcing them to lug all their kit around — I certainly am not.   

    Through his career, my dad was a professional problem solver, and I hope I’ll carry the torch for that family tradition.   

    But I’ll be focussing on solving the real problems, not wasting time on the invented ones.   

    Because I’m sure everybody in this room would agree that where you live shouldn’t determine what you can achieve…  

    …that your hometown, no matter how big or how small, should provide the transport options to meet your aspirations… 

    … and that — if transport doesn’t nurture young people with the opportunities they deserve, then our entire economy misses out on the talent it needs to grow. 

    That’s why we’re here today. 

    To have the conversations that bring us closer together.  

    I want to harness your talents, your expertise and your drive to solve real problems.  

    Because, no matter where people are travelling to, they should be proud of where they’re coming from. 

    Thank you, and have a lovely evening.

    Updates to this page

    Published 12 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: China intensifies support for rural left-behind women

    Source: China State Council Information Office 2

    China has initiated a multi-department program to provide vocational training, job support and other assistance for rural left-behind women, aiming to address their difficulties, according to a recent document.
    The working plan, jointly issued by 11 state departments, proposed providing vocational and handicraft training for rural left-behind women to improve their skills and enhance employment opportunities.
    It encourages their involvement in care services for left-behind children, elderly care and support for people with disabilities.
    The working plan also calls for assistance to rural left-behind women with disabilities or financial difficulties and their families, while supporting charitable organizations in launching targeted public welfare initiatives.
    In addition, the state departments would strengthen the protection of rural left-behind women’s legal rights, work to prevent discrimination and domestic violence, and expand access to healthcare services for this population, according to the working plan.
    Rural left-behind women are defined as those who remain in rural areas while their husbands work away from home for more than six months. 

    MIL OSI China News –

  • MIL-OSI USA: Department of Energy Overhauls Policy for College and University Research, Saving $405 Million Annually for American Taxpayers

    Source: US Department of Energy

    WASHINGTON– The Department of Energy (DOE) today announced a new policy action aimed at halting inefficient spending by colleges and universities while continuing to expand American innovation and scientific research. In a new policy memorandum shared with grant recipients at colleges and universities, DOE announced that it will limit financial support of “indirect costs” of DOE research funding to 15%. This action is projected to generate over $405 million in annual cost savings for the American people, delivering on President Trump’s commitment to bring greater transparency and efficiency to federal government spending.

    “The purpose of Department of Energy funding to colleges and universities is to support scientific research – not foot the bill for administrative costs and facility upgrades,” U.S. Secretary of Energy Chris Wright said. “With President Trump’s leadership, we are ensuring every dollar of taxpayer funding is being used efficiently to support research and innovation – saving millions for the American people.”

    Through its grant programs, the Department provides over $2.5 billion annually to more than 300 colleges and universities to support Department-sanctioned research. A portion of the funding goes to “indirect costs”, which include both facilities and administration costs.

    According to DOE data, the average rate of indirect costs incurred by grant recipients at colleges and universities is more than 30%, a significantly higher rate than other for profit, non-profit and state and local government grant awardees. Limiting these costs to a standard rate of 15% will help improve efficiency, reduce costs and ensure proper stewardship of American taxpayer dollars.

    Full memorandum is available here:

    POLICY FLASH

    DATE: April 11, 2025

    SUBJECT: Adjusting Department of Energy Grant Policy for Institutions of Higher Education (IHE) 

    BACKGROUND: Pursuant to 5 U.S.C. 553(a)(2), the Department of Energy (“Department”) is updating its policy with respect to Department grants awarded to institutions of higher education (IHEs).

    Through its grant programs, the Department funds Department-sanctioned research. A portion of the funding goes to “indirect costs”, which include both facilities and administration costs. See 2 C.F.R. 200.414(a). “Facilities costs” comprise “depreciation on buildings, equipment and capital improvements, and operations and maintenance expenses,” while “administration costs” are “general administration and [other] general expenses,” like funding for “the director’s office, accounting, [and] personnel.” Id.

    While the Department is cognizant that many grant recipients use indirect cost payments to effectuate research funded by the Department’s grant awards, these payments are not for the Department’s direct research funding. See 89 Fed. Reg. 30046-30093. As these funds are entrusted to the Department by the American people, the Department must ensure it is putting them to appropriate use on grant programs. To improve efficiency and curtail costs where appropriate, the Department seeks to better balance the financial needs of grant recipients with the Department’s obligation to responsibly manage federal funds.

    This memorandum accordingly sets forth the Department’s updated policies, procedures, and general decision-making criteria for establishing indirect cost rates when awarding grants to IHEs; these policies, procedures, and criteria are intended to better balance the Department’s dual responsibilities to grant recipients and the American people.
    The Department is initially taking this action only with respect to IHEs. See 2 C.F.R. 200.414(c)(1); id. 200.1.

    ESTABLISHING APPROPRIATE INDIRECT COST RATES: 

    At present, the Department’s indirect cost rate for IHE grants is typically negotiated by either “the Department of Health and Human Services (HHS) or the Department of Defense’s Office of Naval Research (DOD), normally depending on which of the two agencies (HHS or DOD) provide[d] more funds to the [relevant] educational institution for the most recent three years.” 2 C.F.R. pt. 200, app. III(C)(11)(a)(1). Though the Department generally must accept this negotiated rate, see 2 C.F.R. 200.414(c)(1), it may deviate therefrom for “a class of Federal awards” after implementing and making publicly available “the policies, procedures and general decision-making criteria” it will follow when seeking and justifying deviations. Id. 200.414(c)(1), (3). A “class of Federal awards” is defined to include “a group of Federal awards . . . to a specific type of recipient or group of recipients,” such as grants to IHEs—the class relevant to this policy update. Id. 200.1.

    For the reasons set forth in this memorandum, hereinafter, the Department will no longer use the negotiated indirect cost rate for grants awarded to IHEs. Instead, it is setting a standardized 15 percent indirect cost rate for all grant awards to IHEs. This is at the high end of the “up to 15 percent” de minimis rate permitted by government-wide regulation. See, e.g., 2 C.F.R. 200.414(f). Consistent with this memorandum, the Department is undertaking action to terminate all grant awards to IHEs that do not conform with this updated policy. See 2 C.F.R. 200.340(a), (b). Recipients subject to termination will receive separate notice and guidance.

    All future Department grant awards to IHEs will default to this 15 percent indirect cost rate. This system will better balance the Department’s twin aims of funding meaningful research and upholding its fiduciary duties to the American people.

    Additional information is forthcoming.

    This flash will be available online at the Department of Energy Policy Flashes website.

    MIL OSI USA News –

  • MIL-OSI: Infini Revives Infini Earn with New Security Architecture and Global Access

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 12, 2025 (GLOBE NEWSWIRE) — Infini, the innovative crypto payment and earning platform, is excited to announce the return of its highly anticipated feature, Infini Earn. Designed to seamlessly merge crypto payments with asset growth, Infini Earn empowers users to earn automatic daily interest on stablecoin deposits while enjoying convenient, global payments—reinforcing Infini’s mission of making crypto yields accessible and secure for everyone.

    Innovation Meets Trust and Security

    In response to recent security challenges in the crypto space, Infini has significantly upgraded its Earn feature’s security framework, partnering with Cobo to establish an even more robust defense layer.

    Key improvements to the Infini Earn architecture include:

    • Transition from a legacy contract-based asset management system to a mature, multi-signature control model
    • Deployment of a layered wallet infrastructure separating cold and hot wallets to diversify fund allocation and reduce centralization risk
    • Integration of Cobo’s Safe{Wallet} Co-Signer, enabling independent transaction parsing and off-chain verification

    The strength of Cobo’s Co-Signer lies in combining Infini’s autonomous fund control with external validation. This hybrid structure enhances asset protection with multiple layers of security, marking a new chapter where safety and transparency go hand in hand.

    In addition, Infini is actively establishing long-term collaborations with several leading blockchain security teams. Through a combination of autonomous control, external collaboration, layered protection, and community-driven incentives, Infini is building a high-availability, high-resilience, multi-layered security system designed to meet the evolving needs of next-generation finance.

    Christian, Founder of Infini, commented:
    “At Infini, user asset safety is paramount. After recent events, we responded decisively, strengthening our security framework to safeguard our community. Infini Earn returns stronger and safer than ever.”

    Christine, Co-founder of Infini, added:
    “The return of Infini Earn marks not only the expansion of our innovative financial services but also our unwavering commitment to security and user trust. Our collaboration with Cobo and SlowMist underscore our dedication to providing users with peace of mind.”

    Transparent and Sustainable Earnings

    Infini Earn offers users a clearly defined, transparent mechanism for yield generation. Users deposit stablecoins into rigorously vetted, compliant decentralized finance (DeFi) protocols, enabling asset growth through stable, well-managed strategies. Infini applies stringent risk management practices, including real-time monitoring and robust risk isolation protocols, to ensure safe and consistent earnings of up to 10% APY.

    Customized Flexibility & Global Reach

    Infini Earn provides flexible, user-centric options to enhance financial freedom:

    • Multiple Card Choices – Select from tailored Visa and Mastercard options matching diverse spending habits
    • Simple, Fast Onboarding – Register within 2 minutes through a user-friendly interface
    • Multi-Chain Support – Deposit, transfer, and pay seamlessly with stablecoins across Ethereum, Arbitrum, BSC, Solana, and Tron
    • Cross-Platform Convenience – Easily manage earnings and payments across desktop and mobile devices

    Rapid Community Growth and Recognition

    The Infini platform has rapidly grown, surpassing 50,000 users. These milestones underscore the community’s strong support, trust, and engagement.

    Commitment to User Safety & Transparency

    Infini remains committed to proactive security, transparency, and responsive user engagement, continually striving to create the most secure environment possible for asset growth and payments. With Infini Earn’s return, users can enjoy confidence and peace of mind knowing that Infini’s top priority remains the safety and prosperity of its global community.

    About Infini

    Infini is a next-generation crypto payment and earning platform enabling secure, convenient global transactions with stablecoins. Integrated seamlessly with Visa and Mastercard networks, Infini facilitates effortless crypto payments and daily asset earnings worldwide, supporting millions of merchants both online and offline.

    Learn more at Infini.money

    Media Contact:
    Email: Media@infini.money
    Contact Name: Alice Li

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –