2025-53 DEPARTMENT OF THE ATTORNEY GENERAL WARNS NINE PHONE PROVIDERS OVER CONTINUED UNLAWFUL ROBOCALL TRAFFIC
Posted on Apr 9, 2025 in Latest Department News, Newsroom
STATE OF HAWAIʻI
KA MOKU ʻĀINA O HAWAIʻI
DEPARTMENT OF THE ATTORNEY GENERAL
KA ʻOIHANA O KA LOIO KUHINA
JOSH GREEN, M.D. GOVERNOR
KE KIAʻĀINA
ANNE LOPEZ
ATTORNEY GENERAL
LOIO KUHINA
DEPARTMENT OF THE ATTORNEY GENERAL WARNS NINE PHONE PROVIDERS OVER CONTINUED UNLAWFUL ROBOCALL TRAFFIC
News Release 2025-53
FOR IMMEDIATE RELEASE
April 9, 2025
HONOLULU–Attorney General Anne Lopez and the 51 attorneys general of the Anti-Robocall Multistate Litigation Task Force, notified nine voice service providers that they may be violating state and federal laws by continuing to route allegedly unlawful robocalls across their networks. The warning letters include information about the task force’s investigation and analysis of each provider’s illegal and/or suspicious robocall traffic.
“These telecommunications companies continue to transmit suspected illegal robocall traffic, despite task force demands to identify, investigate and mitigate suspicious, high-volume robocalls across their networks,” said Attorney General Lopez. “Many robocall scammers trick people into giving up personal information or into paying them money and it’s time for these telecommunications companies to stop transmitting illegal robocalls and become part of the solution.”
In addition to sending these warning notices, the task force has also shared its concerns about these providers with federal law enforcement partners, including the Federal Communications Commission (FCC).
The task force sent warning letters to the following companies:
Global Net Holdings.Global Net Holdings received at least 153 traceback notices for illegal and suspicious robocalls about government and financial imposters and impersonations, suspicious Amazon charges, credit card interest rate reductions, Medicare scams, Chinese package delivery scams, cable discount scams, utility disconnection scams and others.
All Access Telecom.All Access Telecom received more than 356 traceback notices since the end of 2023 for illegal and suspicious robocalls about political impersonations, cable discount scams, government and financial imposters, suspicious Amazon charges, credit card “courtesy” calls and others.
Lingo Telecom.Lingo received more than 105 traceback notices since the end of 2023 over robocalls involving Social Security imposters, utility disconnections, suspicious Amazon charges, student loans and others.
NGL Communications.NGL Communications received at least 100 traceback notices since the end of 2023 for robocalls about COVID financial relief, student loan forgiveness, debt relief, DirecTV discounts, credit card interest rate reductions and others.
Range.Range received more than 590 traceback notices since 2019 for robocalls about utilities rebates, Medicare advisors, financial impersonations and credit card interest rate reductions, auto warranties and others.
RSCom Ltd.RSCom received nearly 1,000 traceback notices since 2019 for scam calls about tax relief, private entity imposters, utility disconnections, travel scams, student loan forgiveness and others.
Telcast Network.Telcast received at least 800 traceback notices about illegal and suspicious robocalls about financial and utility imposters, utilities rebates, Medicare advisors, Amazon, tax relief and others.
ThinQ Technologies.ThinQ Technologies (known as Commio) received more than 500 traceback notices since 2019 about government imposters, debt relief/financing, loan approvals, suspicious Amazon charges, student loan forgiveness, DirecTV discounts, sweepstakes and others.
Telcentris.Telcentris (known as Voxox) received more than 400 traceback notices since 2019 about scam calls about Social Security imposters, Amazon scam, student loans and others.
Copies of the warning letters are availablehere.
# # #
Media contacts:
Dave Day
Special Assistant to the Attorney General
Office: 808-586-1284
Email:[email protected]
Web:http://ag.hawaii.gov
Toni Schwartz Public Information Officer Hawai‘i Department of the Attorney General Office: 808-586-1252 Cell: 808-379-9249 Email:[email protected]
What you need to know: As Washington, D.C. keeps changing the rules, California is standing strong as a steady and reliable international economic partner.
SACRAMENTO – As President Trump’s economic agenda disrupts the national economy, sends markets spiraling, and creates trade wars with trusted partners, Governor Newsom announced last week that California is open for business. California’s economy remains the fifth largest in the world and will continue to push forward as a proven leader in global trade and investment.
“California knows the importance of trust and dependability, and unlike some folks in Washington D.C., we don’t change the rules with every presidential mood swing. California is a trusted, reliable partner for international trade and investments. We urge countries around the globe to continue to work with us — we’re open for business.”
Governor Gavin Newsom
California is a stable, predictable partner for global trade and investment. Here’s why the world should do business with the Golden State:
Global partnerships and open markets
California has already established partnerships with countries around the world, strengthening the state’s world-leading economy and helping to ensure it maintains its position as the nation’s economic leader.
California is a global powerhouse in international trade, with more than $675 billion in trade flowing in and out of the state annually — the equivalent to more than 16% of the state’s total GDP. While the state’s abundant agricultural products are sold in markets across the world, manufactured goods also dominate California exports, including computers (over $16 billion), aerospace parts and products (more than $8.3 billion), and semiconductor chips and equipment (nearly $6.5 billion). California is the nation’s top exporter in 25 sectors.
The Golden State is also consistently the top state in jobs supported by foreign direct investment (FDI). The United Kingdom and Japan, the state’s number one and two sources of investment, respectively, collectively support more than 257,000 jobs. What’s more, California’s international allies also have a sizable impact on the state’s economy through significant institutional investments that support California jobs. For example, the 8 largest pension funds in Canada have more than $100 billion invested in California.
Over the past few years, California has stepped up with partnerships on clean energy, technology, and climate with the European Union, as well as China and Canada — creating jobs, boosting local economies, and helping prepare the state for the future.
California currently has trade-focused partnerships with the following countries: Armenia, China, Japan, Norway, New Zealand, Netherlands, Australia, Sweden, Republic of Korea, Brazil, Mexico, and Norway. Many other climate-focused partnerships include expanding commercial ties with strategic allies, recognizing the importance of private sector action.
Economic stability and predictability
California continues to establish industry partnerships and develop long-term economic strategies, building the infrastructure to give businesses confidence and consistency.
Earlier this year, Governor Newsom unveiled California’s statewide Economic Blueprint, a statewide plan built with input from 13 regional plans to drive sustainable economic growth, innovation, and access to good-paying jobs over the next decade.
Proven economic growth and resilience
California has rebounded from economic downturns faster than most, with diverse industries driving growth, from agriculture to AI.
And California’s economy shows no sign of slowing, based on the estimated growth of the 2,400 companies in the Bloomberg World Large & Mid Cap Index. The 101 companies based in California that are members of the index are poised to see revenue increasing 27% on average in 2024, while the 42 German companies will see 4.6% growth and the 156 Japanese firms 7%.
While Washington, D.C. keeps changing the rules, the international community should know California will continue standing strong as a steady and reliable international economic partner for decades to come.
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By sending fake emails from legitimate enterprises, the scammers managed to defraud both individual customers and entire companies. This was mainly done by sending them genuine-looking emails with falsified invoiced that led the victims to pay into the perpetrators’ accounts. Currently there are 113 victims identified from several European countries, in particular from the United Kingdom.
To launder the profits of this fraudulent scheme, the Romanian-based criminal group recruited hundreds of money mules. The recruits were sent to the United Kingdom to open bank accounts and further launder money by transferring the proceeds of the online fraud to the newly opened accounts. Some of the proceeds were also laundered remotely from Romania through the use of UK SIM cards, VPN connections and forged UK residence documents.
From the UK accounts, the illegal proceeds were transferred to accounts in other countries or used for fake payments to UK companies. The money was also used to buy jewellery and other luxury items.
Romanian authorities began investigating the criminal group in 2020, after noticing the online fraud, which dated back to 2018. Given the criminals’ connection to the United Kingdom, collaboration with the UK authorities was necessary.
Through Eurojust, a cross-border investigation was initiated and a joint investigation team was set up. By organising coordination meetings with the authorities and providing financial support, Eurojust ensured that the cross-border investigation progressed smoothly. Europol provided extensive analytical, organisational and financial support in hosting several operational meetings at Europol’s headquarters. Experts from the European Financial and Economic Crime Centre (EFECC) also facilitated the exchange of information and participated in the JIT at Eurojust.
The Romanian, British and French authorities, together with Eurojust and Europol, started planning the action day to take down the criminal group. The action day took place on 9 April. Authorities took preventative measures against 13 suspects, searched 31 places and took freezing measures on several properties in Romania. In the United Kingdom, seven suspects were arrested and five houses were searched. The investigation into the criminal group continues. On the action day, a Europol analyst was deployed on the spot in Romania to provide forensic and analytical support.
The actions were carried out at the request of and by the following authorities:
Romania: Prosecutor’s Office attached to the High Court of Cassation and Justice; Directorate for Investigating Organised Crime and Terrorism; Buzau Territorial Service; Police Service of Combating Organised Crime Buzau
France: Regional Financial Crime Unit Court of Nanterre – Gendarmerie Nationale (SR Pau)
United Kingdom: Crown Prosecution Service; National Crime Agency
HONG KONG, April 10, 2025 (GLOBE NEWSWIRE) — LTP, a leading global prime broker for institutional digital asset trading, is pleased to announce support for BlackRock’s BUIDL fund token as eligible collateral. This marks LTP’s first foray into the real-world asset (RWA) and tokenization space, reinforcing its commitment to driving innovation and expanding its suite of prime brokerage services to meet the evolving needs of institutional clients.
BUIDL, the BlackRock USD Institutional Digital Liquidity Fund, provides investors with on-chain exposure to short-term U.S. treasury yields. By supporting BUIDL as collateral, LTP is enabling institutional clients to access greater liquidity and capital efficiency, bridging the gap between traditional financial markets and digital asset ecosystems.
“Tokenization is a key development in the evolution of financial markets, and we believe that institutional adoption of tokenized assets will redefine access to liquidity and collateral management,” said Jack Yang, Founder & CEO at LTP. “Supporting BlackRock’s BUIDL token as collateral aligns with our vision to be the world’s leading prime broker, offering a full suite of products that cater to both crypto-native and traditional institutional investors.”
As tokenization continues to gain momentum, LTP is committed to providing the infrastructure and market access necessary for institutions to securely engage with tokenized assets. This initiative is part of LTP’s broader strategy to expand its financing and trading solutions, ensuring that its clients remain at the forefront of innovation in digital finance.
This announcement reflects the increasing convergence of traditional finance (TradFi) and decentralized finance (DeFi), reinforcing LTP’s role as a trusted partner in bridging institutional capital with blockchain-based financial products.
About LTP
LTP is a premier global prime broker specializing in low-latency trading, financing solutions, and institutional-grade infrastructure for digital assets. With a strong focus on regulatory compliance, innovation, and market access, LTP is at the forefront of integrating traditional financial markets with blockchain technology.
Disclaimer:This press release is provided by LTP. 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.
HONG KONG, April 10, 2025 (GLOBE NEWSWIRE) — LTP, a leading institutional digital asset prime broker, today unveiled its new Over-the-Counter (OTC) trading platform, marking a major expansion in its suite of institutional services. This milestone brings LTP closer to its vision of becoming a fully integrated, multi-asset prime brokerage for next-generation finance.
The new OTC platform offers deep aggregated liquidity by connecting top-tier exchanges, market makers, and ECNs, delivering:
Seamless fiat and stablecoin on/off-ramps
Best-in-class execution for major tokens and stablecoins
Custom RFQs and block trade workflows
Support for structured products and tokenized real-world assets (RWAs)
Comprehensive hedging services for all types of clients looking to manage exposure and protect positions
Clients can trade without prefunding, using either qualified custodians or off-exchange settlement solutions. This flexible infrastructure reduces operational risk, enhances capital efficiency, and ensures secure, real-time access to liquidity across both crypto and traditional banking rails.
“This launch is a natural extension of our mission to deliver a complete, end-to-end prime brokerage platform,” said Jack Yang, Founder and CEO of LTP. “With OTC trading now live—and integrated fiat and stablecoin rails—we’re enabling institutions to access liquidity, allocate capital, and execute trades with unparalleled efficiency.”
About LTP
LTP is a global prime broker delivering institutional-grade solutions in low-latency trading, financing, and digital asset infrastructure. Committed to innovation, regulatory rigor, and seamless market access, LTP is bridging the gap between traditional finance and digital assets.
Disclaimer:This press release is provided by LTP. 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.
MUNICH, Germany and ATLANTA, April 10, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that the Descartes Air Messaging™ solution has streamlined the transmission of air shipment data according to the International Air Transport Association’s (IATA) ONE Record messaging standard. IATA’s ONE Record initiative aims to help airlines, their partners and service providers digitize air cargo messaging services by January 1, 2026, replacing the traditional exchange of documents using Cargo-IMP and Cargo XML standards.
“Lufthansa Cargo is committed to digitization initiatives and projects that better connect our customers to their stakeholders and that facilitate easier and faster transportation of air cargo shipments,” said Dr. Christian Lehr, Senior Director Global Fulfillment Development at Lufthansa Cargo. “The ability of Descartes’ solution to support the ONE Record standard is an important step in helping us provide customers with a more efficient, real-time data-sharing model using a single record for each shipment.”
Designed specifically for the air cargo industry, Descartes Air Messaging™ supports a broad range of data standards and message specifications to share air shipment information across regional and global operations, including Application Programming Interfaces (APIs), such as ONE Record, Electronic Data Interchange (EDI), and direct system-to-system connectivity. With more accurate and up-to-date air shipment information, the air cargo industry is better positioned to increase transparency, improve efficiency, and ultimately speed up the movement of freight.
“We’re pleased to support the ONE Record standard,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “Air industry customers have long relied on Descartes to provide a strong bridge with their trading partners in order to exchange air shipment information using traditional messaging standards. IATA’s ONE Record project presents a new opportunity to strengthen those relationships by supporting new ways in which air cargo data is shared and managed to streamline processes, reduce costs, and enhance the customer experience in air cargo operations.”
Lufthansa Cargo is one of the world’s leading cargo airlines and part of the Lufthansa Group, Europe’s largest airline group. Through its four cargo hubs in Frankfurt, Munich, Brussels and Vienna, the airfreight specialist transports an average of 2,500 tons of freight per day. This is based on a strong and reliable airport-to-airport network that covers some 350 destinations in more than 100 countries. Lufthansa Cargo markets the cargo capacities of the passenger aircraft of Lufthansa Airlines, Austrian Airlines, Brussels Airlines, Discover Airlines and SunExpress, as well as its own freighter fleet of 18 Boeing 777F and four Airbus A321F. In addition, some 300 trucks operate daily under a Lufthansa Cargo flight number. Together with its subsidiaries, Lufthansa Cargo offers customized, fast and efficient logistics solutions along the entire supply chain. In this way, the company fulfills its mission “Enabling Global Business” and connects markets and trading partners worldwide. Innovative technologies and investments in sustainability play a central role. In addition to a modern fleet and the use of sustainable aviation fuel (SAF), the focus is on continuous optimization of flight operations. In 2024, the company generated revenues of 3.26 billion euros and a transport performance of 8.5 billion freight tonne-kilometers. It currently employs approximately 4,200 people worldwide.
About Descartes
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.
This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ air industry solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Yuri Trutnev held a meeting with the heads of the Far Eastern regions and the leadership of federal ministries on the issue of providing treasury infrastructure loans and on intentions to direct the released funds to the implementation of master plans for the development of cities in the Far Eastern Federal District.
Deputy Prime Minister of the Russian Federation – Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District Yuri Trutnev held a meeting with the heads of the Far Eastern regions and the leadership of federal ministries on the issue of providing treasury infrastructure loans and on intentions to direct the released funds to the implementation of master plans for the development of cities in the Far Eastern Federal District.
“In accordance with the instructions of the President of the Russian Federation Vladimir Vladimirovich Putin, large-scale work on the renovation of Far Eastern cities continues. Following the plenary session of the Eastern Economic Forum, the head of state instructed to additionally allocate 100 billion rubles of infrastructure loans for the implementation of the events of the master plans of the Far East and the Arctic. Today we will discuss a specific issue – the distribution of these funds. The money is large, we must distribute it, understanding the needs and tasks of the regions, as well as responsibility for the use of financial resources,” Yuri Trutnev opened the meeting.
On the instructions of President Vladimir Putin, a mechanism for issuing treasury infrastructure loans to regions has been approved. Within the framework of the new mechanism, regions will be able to receive financing for a period of up to 15 years at 3% per annum. Of the 100 billion, it is proposed to allocate 70 billion rubles to the Far East and 30 billion rubles to the Arctic. The limits should be extended to the regions by 2030. The Russian Ministry of Construction has prepared a draft of the rules for the selection procedure within the limits of the Far Eastern Federal District and the Arctic Zone of the Russian Federation, which assumes that 50% of the limit will be allocated to housing and communal services, and the other half to other transport, social, tourist, and investment infrastructure facilities within the framework of master plans.
“The funds can be used to implement long-term plans for the comprehensive socio-economic development of Far Eastern cities, including measures in the housing and utilities sector, resettling citizens from dilapidated housing, replacing elevators, developing key communities, upgrading public transport rolling stock, and other key areas of development,” noted First Deputy Minister of Construction and Housing and Utilities of the Russian Federation Alexander Lomakin.
On the instructions of Yuri Trutnev, the limits of treasury infrastructure loans should be directed as a priority to the implementation of master plan activities. These activities are contained in long-term comprehensive planning documents, which are approved by the order of the Government of Russia for each subject.
As specified by the Minister of the Russian Federation for the Development of the Far East and the Arctic Alexey Chekunkov, the Ministry for the Development of the Russian Far East has prepared a project for the distribution of funds among the subjects of the Far Eastern Federal District, which takes into account the level of budgetary provision of the subjects, the population of the agglomeration for which master plans have been prepared. The maximum amount of funding per region is limited and will not exceed 10 billion rubles.
The issues of priority allocation of funds released from writing off 2/3 of the debt on budget loans for the implementation of master plan activities were discussed. The total volume of writing off such debt in eight subjects (Amur Region, the Republic of Buryatia, Jewish Autonomous Region, Zabaikalsky Krai, Magadan Region, the Republic of Sakha (Yakutia), Khabarovsk Krai, Chukotka Autonomous Okrug) is more than 95 billion rubles. Currently, the Ministry for the Development of the Russian Far East is working on reviewing the applications received from the regions.
“Master plans reflect the wishes, hopes and dreams of people about creating beautiful and comfortable modern cities. And these needs of the population must be realized. It is important not only to build facilities and provide them with the necessary infrastructure, but also to pay attention to optimizing expenses, reducing costs, making the overall economy of the Far East more economical and efficient,” said Yuri Trutnev
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: ASEAN – Association of SouthEast Asian Nations
We, the ASEAN Economic Ministers (AEM), reaffirm the strong and enduring partnership between ASEAN and the United States (U.S.). As a Comprehensive Strategic Partner (CSP) of ASEAN, for more than four decades the U.S. has played a significant role in fostering ASEAN-centered regional architecture that promotes peace, stability, economic growth, investment, and trade in the region which has benefitted both the region and the U.S. In 2024, ASEAN was the U.S. fifth largest trading partner.ASEAN, being the fifth largest economy in the world, is deeply concerned over the recent introduction of unilateral tariffs by the U.S, including the tariffs announced on 2 April 2025 and subsequently the most recent suspension on 9 April 2025. This has caused uncertainty and will bring significant challenges to businesses, especially micro, small, and medium enterprises (MSMEs) as well as to global trade dynamics. The unprecedented imposition of tariffs by the U.S. will disrupt regional and global trade and investment flows, as well as supply chains, affecting businesses and consumers worldwide, including those of the U.S. It will also impact economic security and stability, affect livelihoods of millions of people in the region, and hinder economic progress in ASEAN, particularly less developed economies, and the long-standing ASEAN-US economic and trade relationship. This is particularly given that in 2024, the U.S. is ASEAN’s largest FDI source and second largest trading partner.
Download the full statement here.
The post Joint Statement of The ASEAN Economic Ministers on The Introduction of Unilateral tariffs of The United States appeared first on ASEAN Main Portal.
Warning: this article contains major spoilers for the ending of White Lotus season three.
“Is this a bit ‘You killed my father, prepare to die,’ kind of?” asks Chelsea, the horoscope-obsessed Brit played with charm by Aimee Lou Wood in season three of The White Lotus.
Chelsea may be thinking of The Princess Bride (1987), but we’re firmly in Hamlet territory. Her partner Rick (Walton Goggins) soon sets off to avenge his father’s death and kicks off a chain of violence that ends, inevitably, in blood and tragedy.
Mike White’s luxury-hotel-meets-moral-decline drama, The White Lotus, has always toyed with highbrow references. Season two gave us Madame Butterfly meets commedia dell’arte (a genre of early Italian theatre replete with wealthy lovers, greedy old men, duplicitous servants and glamorous courtesans).
Season three shifts the setting to Thailand. There, the show’s satire of super-wealth is framed through not only the lens of Buddhism, but also through many of Sheakeapre’s great tragedies: Hamlet, Othello, Romeo and Juliet, and King Lear.
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Enter Rick, our sullen Hamlet. He’s been raised on a tragic fairy tale. As a child, his mother told him that his saintly father was murdered by a corrupt Thailand-based hotel-owner, Jim Hollinger (Scott Glenn). Rick insists this theft of a parent is the root of his suffering. But like Hamlet, he can’t act – not at first.
When he finally does pull the trigger, the results are devastating. Jim’s wife, Sritlana (Lek Patravadi), reveals the twist. Jim was his real father, an oedipal moment that was unsurprising in a season so obsessed with incest.
In the ensuing swirl of gunfire, Chelsea is killed. Rick, cradling her body in a Lear-like pietà, is shot by the noble yet spiritually doomed security guard Gaitok (Tayme Thapthimthong). The two lovers’ bodies float in the lily-strewn waters in an overt modern-day remake of Sir John Everett Millais’s painting, Ophelia (another character from Hamlet).
Yet it’s Timothy Ratliff (Jason Isaacs), not Rick, who most clearly channels Hamlet’s existential torment. Facing exposure for financial fraud, Timothy contemplates suicide and even taking his family with him.
Like Hamlet, though, he hesitates. Not out of pity, but uncertainty. What comes after death? Hamlet asked the same:
But that the dread of something after death,
The undiscover’d country from whose bourn
No traveller returns, puzzles the will
And makes us rather bear those ills we have
Than fly to others that we know not of?
Life is suffering. Hamlet and the Buddha knew that well. So why do we put up with it? To live or die? To act or wait? At a Buddhist monastery, Timothy seeks answers to these questions.
The senior monk tells him: death is not an escape, but a return. Like a droplet returning to the sea, “Death is a happy return, like coming home.” Pain is inescapable; it must be faced. Timothy, and Hamlet, struggle to accept that.
The inevitability of greed
Season three of The White Lotus may have touched on Hamlet’s considerations of suicide, revenge and fate (its finale is named Amor Fati, which translates as love of one’s fate), but its trademark attack on the inevitability of greed was thrown into sharp relief this season thanks to its light engagement with Buddhism.
Timothy speaks with the monk.
The senior monk tells Timothy in his gently broken English, “Everyone run from pain towards the pleasure, but when they get there only to find more pain. You cannot outrun pain.” This season, even our moral compasses, Gaitok, Piper (Sarah Catherine Hook) and Belinda (Natasha Rothwell), run from pain to pleasure – towards power, sex, comfort and money over enlightenment.
Gaitok puts his morals aside to kill Rick so that he might get a promotion and win the heart of Mook (Lalisa Manobal). Piper decides against a year at the monastery after realising she needs the comforts of wealth more than she realised. And Belinda? She could have exposed the killer of Tanya (Jennifer Coolidge’s beloved character from seasons one and two). Instead, she takes a US$5 million payout and sails away smiling.
As she departs, Billy Preston’s buoyant song Nothing from Nothing plays. It’s the same phrase Rick uttered earlier in the season: “Nothing comes from nothing, right?” He’s already empty, he cannot be saved. On the surface, it’s a throwaway line. But it holds weight – philosophical, spiritual and Shakespearean.
Buddhism teaches anatta, the doctrine of no-self. It’s the idea that release comes through relinquishing ego, embracing nothingness. Since we are essentially nothing, all that ever can come from us is nothing: the business and strife and frustration of life is in fact empty froth on the surface of a deep nothingness. And Shakespeare knew the dangers of misunderstanding that “nothing”.
Belinda goes back on her plans to start a business with Pornchai once she receives the money.
“Nothing comes from nothing” is a favoured maxim of King Lear. After asking the first two of his three daughters to express profusely their love for him, he rewards them with land and wealth. Turning to his third daughter, Cordelia, he asks, “What can you say to draw / A third more opulent than your sisters? Speak,” to which she responds:
Cordelia: Nothing, my lord.
Lear: Nothing?
Cordelia: Nothing.
Lear: Nothing will come of nothing. Speak again.
If Cordelia gives Lear “nothing,” he will give her “nothing” in return – no dowry, no inheritance, no kingdom. This exposes how Lear has come to place a transactional value on love. In his mind, affection must be spoken, quantified and rewarded with land and power. He’s unable, or unwilling, to recognise the moral worth of Cordelia’s honest, restrained love because it offers no immediate gratification or political utility.
At this early stage of the play, Lear, like The White Lotus’s spiritually bankrupt denizens, falsely clings to worldly value, not seeing it as mere illusion. Belinda’s spiritual bank, however, was full. Yet in the season’s finale, the repetition of “nothing comes from nothing” after Belinda’s ethical one-eighty hints at how fateful her choice really is.
In one moment, she trades enlightenment and true (if restrained) happiness for the nothingness of wealth. At the start of both The White Lotus and King Lear, “nothing”, whether it means death, poverty, or solitude, is a threat. By the end, it’s all that remains.
Emily Rowe 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.
Source: Hong Kong Government special administrative region
Following is the speech by the Financial Secretary, Mr Paul Chan, at the Citi Hong Kong Macro Investor Conference 2025 today (April 10):
Paul (Head of Markets for Japan, Asia North and Australia of Citi, Mr Paul Smith), Aveline (Chief Executive Officer of Citi Hong Kong and Macau, Ms Aveline San), distinguished guests, ladies and gentlemen,
Good morning.
It is a pleasure to join you today at the Citi Hong Kong Macro Investor Conference 2025. Allow me to first express my gratitude to Citi for bringing such a distinguished group of investors, economists, strategists and senior executives from around the world to Hong Kong.
This forum for dialogue and thought-provoking discussions is particularly timely as we face a trade war marked by ruthless imposition of tariffs. Allow me to share with you our position and response to these challenges.
Impact of unilateral tariff measures
Let me make it clear that the so-called “reciprocal tariffs” imposed by the United States on its trading partners are fundamentally wrong – politically, economically, and historically.
These sweeping tariffs are disrupting global supply chains, inflating costs for both businesses and consumers, and creating significant uncertainty for cross-border investments. While “economic nuclear winter” may be an extreme term, we are certainly witnessing challenges to the global trading system unseen in a century.
Most economists agree that the American public, especially those at the grassroots level, will bear the brunt of rising inflation as tariffs increase costs for groceries and daily necessities. Many financial institutions have revised downward their growth forecasts for the US (United States) and the global economy, with some even predicting a recession for both.
China, as a major economy, has wide policy room and a range of tools to mitigate these impacts. Full details of the measures are yet to be seen, but our country has made its stance clear: we are open to resolving trade conflicts through dialogue based on mutual respect, not intimidation.
Ultimately, these developments will reinforce geo-economic fragmentation. We are likely to see three major regional blocs emerge: first, the Asia-Pacific; second, India, the Middle East, and Europe; and third, the Americas.
Resilience of Hong Kong’s financial markets
Now, turning to Hong Kong, I want to highlight that despite the high volatility in the stock market, our financial system has shown strong resilience.
This Monday, when we experienced a significant drop in the stock market, two key points are worth noting.
First, trading activity was robust, with substantial buying and selling interests. The bid-ask spread stayed very tight, signaling strong underlying liquidity. All margin calls were met on time, with no signs of stress.
Second, the Hong Kong dollar remained strong, indicating there was no capital flight. Our Linked Exchange Rate System continues to function effectively, and the money market is operating smoothly.
The Hang Seng Index has started to recover since Monday, and overall, Hong Kong’s financial market continues to operate effectively. Rest assured that our financial regulators are conducting real-time, round-the-clock surveillance across markets. No systemic irregularities have been detected. We will remain vigilant and agile, and ready to take appropriate measures, if needed.
Responding with composure
In the short term, we will implement a suite of measures to support our businesses. The Hong Kong Monetary Authority is working closely with the banking sector to ensure that SMEs (small and medium-sized enterprises) have the liquidity they need. In fact, banks have set aside over US$50 billion for this purpose. We are also supporting these businesses in opening up new markets in the Mainland, the Middle East, and ASEAN (Association of Southeast Asian Nations) countries, including funding support for marketing and brand building. Additionally, we will help them embrace digital transformation to enhance their competitiveness and e-commerce capabilities.
While these short-term measures are essential, our long-term strategy focuses on economic diversification. Several key strategies will guide us.
First, we will leverage our strengths as an international trade centre. With geo-economic fragmentation, China will likely drive more outbound investments and strengthen trade ties with regions like ASEAN, the Middle East and even Europe. Economy is the top priority of the Central Government, and foreign businesses and investments are welcome. This was evident in President Xi’s recent meetings with both international business leaders and domestic private entrepreneurs.
Hong Kong’s unique connectivity with both the Mainland and the world positions us as an ideal gateway and platform for foreign businesses entering the Mainland market, and for Mainland enterprises going global. Hong Kong will be the hub where Mainland and global companies can establish their regional or international headquarters, corporate treasury centres and supply chain management centres.
Second, there will be new opportunities for Hong Kong as an IFC (international financial centre). Given the current geopolitical landscape, Hong Kong is naturally becoming the preferred fundraising market for Mainland companies. Currently, there are over 100 major companies waiting to list on the Hong Kong Stock Exchange.
And the DeepSeek moment has prompted international investors to reassess China’s technological capabilities and re-evaluate the values of related companies. We believe that more tech companies from the Mainland will list in Hong Kong, and the liquidity of our stock market will be greatly enhanced.
We are also exploring new sources of capital, particularly from the Middle East. Last year marked a milestone with two ETFs (exchange-traded funds) investing in the Hong Kong market listed on the Saudi Exchange. We will encourage quality issuers from the Middle East and Southeast Asia to consider dual primary or secondary listings in Hong Kong.
Finally, at the heart of our long-term economic transformation is innovation and technology, in particular artificial intelligence (AI).
In my Budget this year, I outlined our vision to develop AI as a core industry for Hong Kong. We are pushing forward on five key fronts: supercomputing capabilities, algorithms, data, capital and talent.
To fast-track our innovation and technology ambition, we need innovative enterprises with cutting-edge technologies. We are targeting four key industries: AI and data science, life and health technology, fintech, and advanced manufacturing and new energy. With the support of the Office for Attracting Strategic Enterprises, we have attracted over 80 such enterprises to Hong Kong, which together will invest around US$60 billion in our city, creating about 20,000 jobs.
We recognise the importance of patient capital in this journey. That’s why we established the Hong Kong Investment Corporation Limited (HKIC). Serving as patient capital, the HKIC invests in and guides market capital to support nascent-stage ventures and sectors of tomorrow. It seeks to build a vibrant ecosystem comprising the Government, industry, academia, research and investment sectors. At the same time, it seeks reasonable risk-adjusted financial returns over the medium to long term. To date, it has invested in more than 100 projects, achieving a 1 to 4 co-investment ratio – meaning that for every dollar the HKIC invested, it has attracted four dollars from private investors to follow.
With the development in the Northern Metropolis and collaboration with Shenzhen and nearby cities, we are confident that Hong Kong and the Greater Bay Area will emerge as a global financial and innovation centre.
Conclusion: confidence and opportunity
Ladies and gentlemen, we are navigating truly challenging times. The obstacles posed by trade war and geo-economic fragmentation are daunting. However, I want to reassure you that Hong Kong remains steadfastly committed to the “one country, two systems” principle and all the advantages it entails: we will continue to be a free port, maintain our free trade policy, and guarantee the free flow of capital, goods, information, and people. We provide what investors seek: policy clarity, consistency and credibility.
And Hong Kong offers even more: market access, capital, talent and an unparalleled lifestyle – the Rugby Sevens, Coldplay, Art Basel, along with our stunning hiking trails, coastlines, and a vibrant culinary scene featuring 200 Michelin-recommended restaurants. These elements create a unique international metropolitan fabric, making Hong Kong a great city for global talent to live, work and raise a family.
Thank you once again to Citi for hosting this Conference. I wish you all fruitful discussions and a rewarding time here in Hong Kong.
“The literature of Jainism is the backbone of India’s intellectual grandeur. Preserving this knowledge is our duty”- Prime Minister Shri Narendra Modi
India reverently celebrates Mahavir Jayanti, a day that resonates with deep spiritual significance and profound peace, as it commemorates the birth of Lord Mahavir, the 24th Tirthankara of Jainism. More than a festival, it is a heartfelt tribute to a life devoted to compassion, self-restraint, and truth. In a world often clouded by conflict and chaos, Lord Mahavir’s eternal message of ahimsa (non-violence), satya (truth), and inner awakening shines brighter than ever, guiding countless souls toward a more mindful and harmonious existence.
This year, the spirit of Mahavir Jayanti was powerfully invoked through the inauguration of Navkar Mahamantra Divas by Prime Minister Narendra Modi on April 9.
“Navkar Mantra is not just a mantra but the core of our faith and the essence of life.”
The Navkar Mantra, central to Jain prayer, is more than a collection of sacred syllables, it is a rhythmic flow of energy, stability, and light.
Prime Minister Shri Narendra Modi, reflecting on his own roots in Gujarat, spoke of how Jain Acharyas shaped his understanding from an early age. This personal connection reinforced his message that Jainism is not merely historical but deeply relevant, especially in an India that seeks to grow without losing its roots.
This relevance is embodied in the architectural and cultural fabric of modern India, be it the depiction of Sammed Shikhar at the new Parliament’s entrance or the return of ancient Tirthankara idols from overseas. These are not artifacts of nostalgia; they are living symbols of India’s spiritual continuity.
Prime Minister Narendra Modi described climate change as today’s biggest crisis, saying its solution is a sustainable lifestyle, which the Jain community has practiced for centuries. The Jain community has been living the principles of simplicity, restraint, and sustainability for centuries. Lord Mahavir’s timeless teachings align beautifully with Mission LiFE (Lifestyle for Environment), a national call for sustainable living.
Jainism’s emblem, “Parasparopagraho Jivanam”, meaning the mutual interdependence of all life offers a deeply ecological worldview.
Nine Resolutions for a New India
In a poetic tribute to the power of “nine” in Indian and Jain traditions, the Prime Minister proposed nine resolutions anchored in the Navkar Mantra, each a commitment to knowledge, action, harmony, and rooted progress. He noted how repeating the mantra nine times, or in its multiples like 27, 54, or 108 represents spiritual completeness and intellectual clarity.
First Resolution: Water Conservation– Emphasizing the need to value and save every drop of water.
Second Resolution: Plant a tree in Mother’s Name– Planting of over 100 crore trees in recent months and urging everyone to plant a tree in their mother’s name and nurture it like her blessings.
Third Resolution: Cleanliness Mission – Understanding the importance and contributing to cleanliness in every street, neighbourhood and city.
Fourth Resolution: Vocal for Local– Promotion of locally made products, turning them global and supporting items that carry the essence of Indian soil and the sweat of Indian workers.
Fifth Resolution: Explore India– To explore India’s diverse states, cultures, and regions before traveling abroad, emphasizing the uniqueness and value of every corner of the country.
Sixth Resolution: Adopting Natural Farming– The Jain principle of “One living being should not harm another”, and for freeing Mother Earth from chemicals, supporting farmers, and promoting natural farming.
Seventh Resolution: Healthy Lifestyle– Following Indian dietary traditions, including millets (Shri Anna), reducing oil consumption by 10%, and maintaining health through moderation and restraint.
Eighth Resolution: Incorporating Yoga and Sports– Making yoga and sports a part of daily life, whether at home, work, school, or parks, to ensure physical health and mental peace.
Ninth Resolution: Helping the Poor– Assisting the underprivileged, whether by holding a hand or filling a plate, as the true essence of service.
These resolutions align with the principles of Jainism and the vision of a sustainable and harmonious future.
Jain literature, etched in Prakrit and Pali, holds profound treasures of thought. The government’s initiative to grant these languages classical status and digitize Jain manuscripts under the Gyan Bharatam Mission is a tribute to this ancient wisdom.
In March 2024, the Ministry of Minority Affairs approved projects under Pradhan Mantri Jan Vikas Karyakram (PMJVK) Scheme for the establishment of ‘Centre for Jain Studies’ in Devi Ahilya Vishwavidyalaya (DAVV) in Indore. With financial assistance of ₹25 crore, this centre aims to preserve and promote Jain heritage, foster interdisciplinary research, and enhance global understanding of Jainism as a way of life. It will support digitization of ancient Jain texts, facilitate academic research, and serve as a hub for students and scholars to engage with Jain teachings, traditions, and practices, while also promoting community engagement and awareness.
The Ministry of Minority Affairs in the past also approved a project focused on preserving Jain culture through digitization of manuscripts, knowledge sharing, and promoting interdisciplinary research on Jain traditions.
On Mahavir Jayanti in April 2024, a commemorative stamp and coin on the occasion of 2550th Bhagwan Mahaveer Nirvan Mahotsav.
As India marches on the path of becoming a developed nation, Lord Mahavir’s message of inner conquest, compassion, and truth offers a guiding light. In the harmony of the Navkar Mantra, in the discipline of the Sadhus, and in the interdependence of life itself, not just for individuals, but for the whole world.
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA), the Hong Kong Police Force (HKPF) and The Hong Kong Association of Banks (HKAB) jointly announced today (April 10) a series of new measures to prevent, detect and disrupt financial crime, including fraud and associated mule account networks.
Fraud has been growing in scale and complexity, and the use of technologies has enabled criminals to take advantage of people at speed and scale, amplifying the threat. A total of 44 480 deception cases were reported in 2024, representing an increase of 11.7 per cent compared with 2023. A total of 10 496 persons were arrested for involvement in various types of deception and money laundering offences last year, including about 7 700 persons for selling or allowing their accounts to be used for money laundering, representing an increase of 13.6 per cent compared with 2023.
To keep pace with the evolving nature of fraud as well as international good practices, the HKMA, the HKPF and the banking industry are introducing the following measures:
(1) Expanded use of Scameter data
​To enable banks to identify more suspicious accounts and to alert more potentially at-risk customers so that they can take action to mitigate risks, the HKMA and the HKPF have expanded the use of Scameter data, and expect banks to combine this with network analytics capabilities to identify and share data on additional mule account networks identified in order to increase levels of disruption.
(2) Bank-to-bank information sharing
​To strengthen protection for customers, the HKMA have introduced legislative amendments to enable bank-to-bank information sharing when banks become aware of activity that may indicate possible prohibited conduct (including money laundering and terrorist financing). While 10 banks are already sharing information on the Financial Intelligence Evaluation Sharing Tool (FINEST) platform operated by the HKPF, an updated platform capable of accommodating increased information exchanges is intended to be operational by the end of this year.
(3) Sharing of good anti-fraud practices with banks
To enhance the effectiveness of banks’ systems to prevent, detect and disrupt fraud and scam-related money laundering activities, the HKMA have shared good practices in banks’ anti-fraud and anti-money laundering systems.
(4) Thematic reviews to support banks in building effective anti-fraud controls
​To support banks’ effective implementation of anti-fraud measures, the HKMA will work collaboratively with banks to review system performance through thematic reviews, and establish a regular communication platform with the industry to continuously strengthen the banking sector’s ability to detect mule account networks.
(5) Enhanced publicity and education efforts on “Don’t Lend/Sell Your Account”
The HKMA, the HKPF and the banking industry will strengthen publicity and education efforts to disseminate messages to customers regarding “Don’t Lend/Sell Your Account”, including outreach activities to targeted segments, and enhance industry coordination through the formation of the Anti-fraud Education Taskforce by the HKAB comprising 18 major banks.
The public are reminded not to lend or sell their bank accounts to others as this may carry the risk of prosecution and conviction for criminal offences, including money laundering. In 2024, there was a 2.3-fold increase in the number of persons prosecuted for the offence of money laundering compared with 2023. Given the serious nature of these offences, the HKPF applies to the Court for enhanced sentencing where appropriate. By early April 2025, the sentences of 95 mule account holders had been increased by 13 per cent to 33 per cent, with sentences ranging from 21 to 75 months of imprisonment.
The HKMA and the HKPF will continue to work closely with banks and other stakeholders to strengthen the detection and prevention of financial crime.
Source: Hong Kong Government special administrative region
The Census and Statistics Department (C&SD) released today (April 10) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for March 2025.
The current diffusion index (DI) on business receipts amongst SMEs increased from 42.1 in February 2025 in the contractionary zone to 43.5 in March 2025, whereas the one-month’s ahead (i.e. April 2025) outlook DI on business receipts was 46.5. Analysed by sector, the current DIs on business receipts for all surveyed sectors rose in March 2025 as compared with previous month, particularly for the business services (from 45.1 to 48.4) and logistics (from 36.3 to 39.0).
The current DI on new orders for the import and export trades increased from 45.9 in February 2025 to 46.6 in March 2025, whereas the outlook DI on new orders in one month’s time (i.e. April 2025) was 46.9.
Commentary
A Government spokesman said that overall business sentiment among SMEs and their expectations on the business situation in one month’s time improved in March compared with the preceding month. The overall employment situation also turned better.
Looking ahead, as the United States increased its import tariffs significantly on almost all its trading partners in April, the downside risk to the global economy and the degree of uncertainty in the external environment have risen notably. This is likely to pose pressure on business sentiment. The Government has been providing support to local enterprises (in particular the SMEs) through various measures, and will continue to monitor the situation closely.
Further information
The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).
Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).
Source: Hong Kong Government special administrative region
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Mox Bank Limited relating to phishing instant messages, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the instant messages concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
Source: Hong Kong Government special administrative region
Following is the speech by the Financial Secretary, Mr Paul Chan, at the Hong Kong Investment and Corporation Limited and WeLab Strategic Partnership Kick-off Ceremony today (April 10):
Deputy Consul-General Ms Ranida Chamchalerm (Deputy Consul-General of Thailand in Hong Kong), Clara (Chief Executive Officer of Hong Kong Investment Corporation, Ms Clara Chan), Simon (Chief Executive Officer of WeLab, Mr Simon Loong), distinguished guests, ladies and gentlemen,
Good morning. It is a pleasure to join you today to witness the strategic partnership between the Hong Kong Investment Corporation Limited (HKIC) and WeLab, a collaboration that embodies the spirit of innovation and aspiration.
As an international financial centre, fintech is a vital component of Hong Kong’s financial landscape. We are home to around 1100 fintech companies and start-ups. The ecosystem has been rapidly growing, particularly in the areas of digital assets, blockchain applications and cybersecurity.
Our progress in fintech has gained international recognition. In the recently released Global Financial Centres Index, Hong Kong has risen five places to become global No. 4 in the category of fintech.
Innovation sits at the heart of this endeavour. And we are guided by a clear mission: to build a fintech ecosystem where cutting-edge solutions thrive and technology serves as a force for good. The objective is to make financial services more efficient and accessible, benefitting not just the local market but also our regional partners like ASEAN (Association of Southeast Asian Nations) through collaboration opportunities.
Strategic partnership
I’m pleased to note that the HKIC plays an important role in advancing these objectives. While pursuing reasonable financial returns, it promotes the development of target sectors that are crucial for Hong Kong’s long-term competitiveness and economic vitality. The HKIC invests and co-invests in start-ups and companies at different stages of development that are conducive to the building of such an ecosystem. Acting as “patient capital”, it also helps channel private capital, including private equity and venture capital, to support the realisation of our vision.
The HKIC is driving forward the vision together with WeLab, whose success in the Indonesian market and its plan to expand to Thailand are closely aligned with our overarching goals and strategies.
On the other hand, globally, AI is rapidly reshaping production, business and consumption models. It empowers the upgrading of traditional industries and creates new ones. It is defining the future of finance by transforming customer experiences, enabling us to overcome traditional barriers and providing us with faster, cheaper and more inclusive financial services.
For instance, AI technologies can uncover correlations between seemingly unrelated factors, enabling the identification of creditworthiness in individuals who might otherwise be regarded as unqualified for lending. This is exactly what WeLab is achieving through its innovative technologies.
This Government is pro-AI. In my Budget this year, I have outlined our vision to develop AI as a core industry for Hong Kong. We are driving this development on five fronts: computing capabilities, algorithms, data, capital and talent. Beyond investing more resources into AI development, we are committed to fostering a pro-innovation environment that facilitates the testing and trial of AI applications.
I’m confident that through this partnership, the HKIC and Welab can assist more local and regional enterprises to leverage AI and fintech, thereby unlocking the potential of finance to support the economic development across Asia.
Synergies for good
Ladies and gentlemen, today’s partnership goes well beyond investments and corporate cooperation. Allow me to emphasise two points.
First, by integrating WeLab, a pioneer in fintech, into its ecosystem of innovative companies, the HKIC is expanding the nexus for co-creation. I’m confident that this partnership will inspire more innovation among the HKIC’s partners and other innovators, with vast potential for cross-sectoral collaboration in areas such as digital transformation and application scenarios for AI.
Second, innovation thrives on talent. We want our young people to become not merely participants but architects of Hong Kong’s digital future. This partnership is committed to supporting acceleration programmes and academic partnerships, thereby equipping our youth with the skills and knowledge necessary to excel in the rapidly evolving fintech space. Together, we can work to nurture the next generation of tech-savvy leaders.
In short, today’s partnership is a catalyst for progress. I wish this collaboration enduring success, and all of you the best of business and health in the time ahead. Thank you very much.
[PRESS RELEASE Apia, SAMOA 01 April 2025] – The Global Environment Facility (GEF) Small Grants Programme (SGP) is once again supporting local communities who are at great risk from climate change due to their fragile ecosystems.
Community-based organizations from six villages have been awarded financial grants from the GEF-SGP, totalling over US$233,652, which will be used to implement environmental projects.
These include wetland restoration, securing of marine protected areas, protection of marine ecosystems, freshwater pools rehabilitation, and increasing the resilience of spring pools to natural disasters.
An inception workshop was held last Friday in Savaii for the successful grantees, to provide an opportunity for the GEF-SGP team to clarify any queries that the project leaders may have, and to help build their capacity in implementing their approved Memorandum of Agreements.
“It’s an honour to collaborate with our local communities to implement these sustainable environmental projects. The work of the GEF-SGP, with the important assistance from Government partners, will continue to ensure the positive impact of civil society interventions at national level, and a continued effort to build the capacity of civil society actors to be transformative agents of change, contributing to Samoa’s efforts to achieve its national plans and the Sustainable Development Goals,” said Lemalu Nynette Sass, Chairwoman of the GEF-SGP National Steering Committee.
These community projects are funded by the Community Development and Knowledge Management for the Satoyama Initiative Programme (COMDEKS), and OP7 core grant allocation, the 7th Operational Phase of the GEF-SGP, a programme implemented by the United Nations Development Programme (UNDP), that provides financial assistance to small-scale environmental projects.
COMDEKS, funded by the Japan Biodiversity Fund at the Secretariat of the Convention on Biological Diversity, provides small-scale finance delivered through the GEF-SGP directly to local communities, Indigenous Peoples, and civil society to implement locally led projects that enhance livelihoods and well-being, conserve biodiversity, address climate change, and support local cultures and traditional practices. This is the first time that Samoa has been selected to be one of the implementing countries for COMDEKS.
The GEF-SGP National Coordinator, Mr. Lilomaiava Taumalaulu Filifilia Iosefa, emphasized the importance of working together with key implementing ministries, the Ministry of Natural Resources and Environment, and the Ministry of Agriculture and Fisheries, to assist the selected grantees and their communities to successfully implement the approved projects.
His Highness, the Head of State, Afioga Tuimaleali’ifano Va’aletoa Sualauvi II, pursuant to Article 105 of the Constitution and acting on the advice of Cabinet, has declared a State of Emergency for Samoa for 30 days, effective from 12:00am Monday 31 March to Tuesday 29 April 2025.
The Proclamation of Emergency enables the Government to implement emergency measures necessary to manage and restore national energy supply, protect public health and safety, and maintain essential services.
As a result of continuous power outages and electricity rationing, the Government acknowledges the significant impact on our people and economy, noting that:
1. The damage to household utilities and the safety of residential buildings.
2. The loss of power has compromised the storage of perishable food items in retail and wholesale outlets, as well as households.
3. The impact on private businesses and corporations affecting operations and livelihoods.
4. The projected economic cost of the crisis is estimated to reach approximately 16% of GDP for the 2025 calendar year, underscoring severe disruptions to national productivity, public services, and economic activity.
The Electric Power Corporation (EPC) has been working tirelessly to monitor the situation, identify solutions, and minimize, as best as possible, the impact on essential services and the daily lives of our people. Multiple factors have contributed to the current energy crisis, namely:
1. Mechanical failures at the Fiaga Power Station resulted in the loss of primary generators that supply a substantial portion of Upolu’s electricity;
2. A faulty underground transmission line disrupted power distribution across key parts of the national grid;
3. Severe weather events, most notably the destructive storm of 9 March 2025, caused widespread damage to energy infrastructure and further hindered restoration efforts; and
4. Rising electricity demand has placed additional strain on EPC’s generation capacity, particularly during peak consumption hours.
The Government is pleased to provide an update on the priority actions implemented to date in response to the ongoing energy crisis:
1. Temporary power generation units are scheduled to arrive on 5 April to provide immediate relief and supplement electricity supply. Full power restoration across Upolu is expected before the end of April, while awaiting the arrival and commissioning of permanent generators in August 2025.
2. Overhaul parts for the Fiaga generators are currently being procured to restore them to full operational capacity.
3. The Government remains committed to accelerating renewable energy and grid reinforcement projects to strengthen and diversify the national energy supply.
The Proclamation of Emergency will enable the Government to implement urgent measures to stabilize the energy supply and mitigate the impacts of the crisis by:
1. Ensuring the timely arrival and operation of temporary generators before the end of April, ahead of the permanent units scheduled for August, along with the necessary overhaul parts for Fiaga;
2. Lifting tax and import duties on generators and other electricity-related equipment, including renewable energy systems, procured by EPC, households, businesses, and organizations for electricity generation;
3. Mobilizing additional assistance and resources to support households, businesses, and private organizations adversely affected by the crisis;
4. Securing additional and targeted financial and technical support to assist EPC in implementing medium to long-term remedial works; and
5. Activating a whole-of-government coordinated response through the National Emergency Operations Centre (NEOC) to coordinate the Government’s response to the energy crisis.
The Government acknowledges the significant hardship this energy crisis has placed on households, businesses, and essential services across the island of Upolu. We want to reassure everyone that restoring a stable electricity supply and supporting those most affected remain our top priorities. Every effort is being made to respond swiftly, minimize further disruptions, and provide relief where it is needed most.
With unity, resilience, and collective action, we will overcome this challenge and move toward a more secure, sustainable, and affordable energy future for all of our people.
Faafetai and God Bless Samoa.
SAUNOAGA FA’APITOA A LE AFIOGA I LE PALEMIA, HON. FIAME NAOMI MATAAFA MO LE FA’AMAMALUINA O LE POLOĀ’IGA O FA’ALAVELAVE TUTUPU FA’AFUASE’I ONA O LE ‘ELETISE. [Aso Gafua, 31 Mati 2025]
Ou te fa’afeiloa’i atu i lenei itula o le aso, i lau fa’afofoga’aga Samoa, mai tafa e fia o le atunu’u. O ou paia ma mamalu o le a lē afea e se fa’amatalaga, auā o Samoa o le fue lavelave, e leai se poto po’o se vave na te autalaina. Ae nu’unu’u atu ia sasaga fa’atini o tausala, i le galuega tausi a le usoga a Tumua ma Pule.
Ole vi’iga o le Atua e lē fa’aitiitia, ona o lona agalelei ma lona alofa tunoa, o lo’o malu tapu ‘ā’aoina ai pea la tatou savaliga i lenei vaitau. Mālō le ta’i, fa’afetai le fai tatalo, mālō le tapua’i.
Ona o a’afiaga ma le tulaga ogaoga ole motusia ai o le ‘eletise i le atunu’u, ua fa’amaonia ai nei e Lana Afioga i le Ao Mamalu o le Mālō, e tusa ma le Matā’upu 105 o le Fa’avae o le Mālō Tuto’atasi o Samoa 1960, le fa’amamaluina o le Poloā’iga mo Fa’alavelave Tutupu Fa’afuase’i [Proclamation of Emergency] e amata atu i le Aso Gafua, 31 Mati 2025 i le itula e 12:00 i le vaeluaga o le po se’ia o’o atu i le Aso Lua, 29 Aperila 2025.
O lenei Poloaiga mo Faalavalave Tutupu Faafuasei o le a mafai ai e le Ma ̅lo ona faatinoina ma faanatinati ai galuega fesoasoani mo le toe faaleleia o auaunaga tau eletise atoa ai ma le faaitiitia o aafiaga ile atunuu.
Ua faia lenei faaiuga e tali fuaitau atu ai ile tulaga ma’ale’ale ua iai nei le tau faasoasoaina ole eletise faapea aafiaga ile atunuu, e aofia ai:
Aafiaga i tagata lautele ma le saogalemu o fale ma meatotino tau eletise ua faaleagaina.
Aafiaga tau soifua maloloina o tagata lautele mai le fa’atamai’aina o oloa taumafa tu’u-aisa e lē gata i faleoloa ma falesiiatoa.
Aafiaga i pisinisi ma atina’e o loo faamoemoe ai le tamaoaiga o tagata lautele.
Le ono o’o atu i le 16 pasene o le tamaoaiga o le atunu’u (GDP) i totonu o le tausaga 2025, ua a’afia ona o le tulaga faaletonu o le eletise.
I le taimi nei, o lo o galulue pea le Fa’alapotopotoga o Malosiata tau Eletise e toe fa’aleleia le auaunaga ma le fa’asoasoaina atu ole eletise i vaega uma ole atunuu ona o mafuaaga e aofia ai:
Fa’aletonu i afi tetele i le Faleafi i Fiaga, ma ua a’afia ai se vaega tele o le motu o Upolu;
Fa’aletonu i uaea malolosi o lo o i lalo o le ele’ele o lo’o fa’asoasoa ai le eletise;
Motusia o laina ma le fa’aleagaina o pou molī i le malolosi o savili lea na tulai mai i le Aso Sā 09 Mati 2025,
Si’itia le maualuga o manaoga tau eletise i totonu o le atunu’u, ma ua atili fa’aopo’opoina ai le eletise moomia pe a faatusa atu i le eletise maua, aemaise lava i taimi o lo o maualuga ai le manaoga tau eletise.
O lo o galulue itutino uma o le Malo ina ia foia faafitauli nei, ma e avea lenei avanoa ou te tuuina atu ai se faamatalaga i le tulaga o lo o taoto ai nei galuega:
O le Aso 05 Aperila 2025 o lo’o fuafua e taunu’u mai ai ni afi tetele mai fafo, ua lisiina mai mo le toe fa’aleleia ole auaunaga mo le motu i Upolu, a o talia ai le taunuu mai o afi tumau ile masina o Aokuso 2025.
Ua mae’a ona fa’atauina totoga moomia mo le faaleleia o afi tetele i Fiaga, ma o lo o talia le taunuu mai mo le toe fa’aleleia atoa ai o auaunaga tau eletise.
Faamautuina i se taimi vave le faatinoga o poloketi mo malosiaga faafouina (renewable energy) e tali atu ai ile siisii pea o manaoga tau eletise.
O lenei Poloaiga, o le a fa’amamaluina mo le 30 aso, ma o le a lagolagoina ai taumafaiga uma a le tatou Malo e le gata mo le toe fa’aleleia o le auaunaga tau eletise mo le atunu’u atoa, ae fa’apea le fa’atinoina o galuega e tali atu ai i a’afiaga ona o le faaletonu o auaunaga tau eletise, ma e aofia ai le:
Vave fa’aolaina o afi ua lisiina fa’avaitaimi i le masina o Aperila, e fa’atali ai le taunu’u mai o afi tetele ia Aokuso, fa’apea ma le toe fa’aleleia atoatoa o le auaunaga a le faleafi i Fiaga;
Fa’apafala totogi o tiute ma lafoga mo afi, meafaigaluega e aofia ai ma malosiaga fa’afouina o le a fa’atauina mai mo le fa’aleleia o vaega ua fa’aletonu a le Fa’alapotopotoga o Malosiaga tau Eletise, fa’apea pisinisi, faalapotopotoga ma aiga taitasi;
Faamautu polokalame fesoasoani e fa’amāmā ’avega mo aiga, pisinisi ma vaega maoti o le atunu’u ua a’afia;
Faamautu atinae fesoasoani (vaega tupe ma tomai faapitoa) mo le faatinoga o fuafuaga alualumamao a le Faalapotopotoga o Malosiaga tau Eletise.
Faatino matafaioi fa’aletulafono a le Komiti mo Fa’alavelave Tutupu Faafuasei, o lo o auai ai itutino uma o le Malo, pisinisi ma faalapotopotoga ina ia galulue faatasi mo le toe faaleleia o auaunaga tau eletise faapea fuafuaga mo le faaitiitia o aafiaga ile atunuu.
Samoa e, e lē mavae le agaga fa’afetai i lo outou sao tāua e ala i le lalago mai i galuega faifaipea a lo tatou Mālō e tauala atu i le auaunaga a le Faalapotopotoga o Malosiaga tau Eletise. O ni taga e fai i vasa, ma ni tonu e le tuā le taumafai atu o le Mālō, pe ana leai lo outou finagalo malamalama e lagolagosua ma onosaia ai lenei galuega fītā. Fa’afetai tele i lo outou onosa’i ma le lava papale, a o fa’agasolo ai galuega fa’aleleia a le tatou Fa’alapotopotoga o Malosiaga tau Eletise.
E momoli foi le fa’afetai ma le fa’amālō a lo tatou Mālō i le aufaigaluega galulue a le Faalapotopotoga o Malosiaga tau Eletise. Mālō le tautua, fa’afetai le galulue lē fa’alogologotigā. Le Atua o manuia, na te tauia lo outou afu sisina. O lo o tatou folau pea ma lu’itau e ui ina tatou folau mālie i le laula’i o Matāmatagi a o vavala mai ata o Tauleleia.
E leai so tatou malosi, po o so tatou poto tatou te malu ai, pe ana le seanoa le Atua o lo’o tatou auauna i ai. Ua na o le Atua lava na te mafaia mea uma, o Ia na te fa’atonu folau ma ta’iala si o tatou atunu’u, e tusa ma le ta’ita’iga a lona Agaga Paia ma lona finagalo alofa iā Samoa. Ia tumau pea lo tatou fa’atuatua ma le mautinoa, pe lutia lava tatou i puava, tatou te mapu i Fagalele. O tua atu fo’i o le loulouā ma le mamafa o timuga, o lo o tumau ai pea le susulu o le la o le amiotonu a lo tatou Atua.
Ia tumau i le alofa tulituliloa ma le finagalo fa’apaolo o lo tatou Atua, le faigāmalaga a Samoa.
Question for written answer E-001327/2025 to the Commission Rule 144 Jörgen Warborn (PPE)
In May 2022, Parliament gave its consent to introduce autonomous trade measures (ATMs) for Ukraine, which have subsequently been renewed twice. This mechanism allows tariff-free imports of Ukrainian products, providing crucial economic relief to Ukraine during Russia’s war of aggression. Parliament has consistently called for these ATMs to be made permanent by amending Article 29 of the EU-Ukraine Association Agreement[1]. This would not only reaffirm the EU’s commitment to supporting Ukraine but also strengthen Ukraine’s engagement on the path to EU membership.
The current ATMs will expire on 5 June 2025, and Parliament has received no indication that negotiations on amending Article 29 have commenced. This means that only two months remain before these vital trade measures lapse.
1.Given the urgency of the situation, can the Commission explain why no progress has been made in initiating negotiations on Article 29 of the EU-Ukraine Association Agreement?
2.If amending the agreement is not feasible within the given time frame, what steps is the Commission taking to ensure the timely renewal of the current ATMs to bridge the gap?
Failure to act now could have serious consequences for Ukraine’s economy. I ask for an immediate explanation and a clear strategy ahead.
Submitted: 1.4.2025
[1] Association Agreement between the European Union and its Member States, of the one part, and Ukraine, of the other part (OJ L 161, 29.5.2014, p. 3, ELI: http://data.europa.eu/eli/agree_internation/2014/295/oj).
In line with Regulation (EC) No 401/2009[1], the European Environment Agency (EEA) is responsible for supporting Member States’ reporting and for providing objective, reliable and comparable information to the Commission for the design, implementation and assessment of environmental and climate policies.
The EEA is actively engaged with the Commission on improving the process and infrastructure to collect data, which will contribute to the simplification agenda.
The Commission is taking steps to tackle data gaps in the context of new EU legislation as well as projects and initiatives to rationalise data campaigns[2].
The GreenData4All[3] initiative aims to improve environmental data sharing in support of evidence-based decision-making . The use of Earth observation, through Copernicus[4] and EU space programme[5], opens up further unprecedented opportunities for enhanced biodiversity monitoring.
The Commission will also coordinate the implementation of the European Parliament’s preparatory action for the development and deployment of an EU Biodiversity Observation Coordination Centre (EBOCC)[6].
As concerns funding for restoration, the Commission encourages Member States to ensure that available EU funds are invested in biodiversity, while exploring further opportunities to finance nature restoration, including public and private finance and market-based instruments.
The Commission intends to submit a report to the European Parliament and the Council on restoration funding in line with Article 21 of Regulation (EU) 2024/1991[7].
[1] Regulation (EC) No 401/2009 of the European Parliament and of the Council of 23 April 2009 on the European Environment Agency and the European Environment Information and Observation Network (Codified version), OJ L 126, 21.5.2009, p. 13-22.
[2] Such as: European Monitoring of Biodiversity in Agricultural Landscapes (EMBAL): https://wikis.ec.europa.eu/pages/viewpage.action?pageId=25560696 Environmental monitoring of pesticide use through honey bees (INSIGNIA): https://www.insignia-bee.eu/ Land use and land cover survey (LUCAS): https://ec.europa.eu/eurostat/statistics-explained/index.php?title=LUCAS_-_Land_use_and_land_cover_survey, and its new modules The Horizon Europe Biodiversity Partnership (Biodiversa+): https://www.biodiversa.eu/ Horizon Europe projects such as Biodiversity Meets Data: https://bmd-project.eu/
[7] Regulation (EU) 2024/1991 of the European Parliament and of the Council of 24 June 2024 on nature restoration and amending Regulation (EU) 2022/869, OJ L, 2024/1991, 29.7.2024.
Question for written answer E-001368/2025 to the Commission Rule 144 Alex Agius Saliba (S&D)
This question follows an exchange with the former EU Commissioner for Consumer Rights, Didier Reynders, in April 2023 during a meeting of Parliament’s Internal Market Committee. The issue is the use of diesel particulate filters (DPFs) by consumers and businesses in small Member States.
DPFs do not have the same benefits when used in countries where only short distances are covered, such as Malta, because they do not have the technology to be clean themselves automatically, as they do when vehicles are used over longer distances. This reduces the engine’s efficiency significantly and results in additional costs for the owners of these vehicles, who have to periodically replace these expensive filters.
1.Given that the overwhelming majority of these filters cannot even be cleaned, thus obliging consumers to buy new ones, are there possibilities in EU law to make it mandatory for it to be possible to open filters in diesel engine cars for regular cleaning?
2.When setting diesel vehicle norms, such as the Euro standards, does the Commission take into consideration that there are Member States in which consumers do not drive long distances?
3.More specifically, could the cleaning of DPFs be enforced as part of the circular economy initiatives, such as the Directive on common rules promoting the repair of goods?
The Commission recognises the critical role of high-quality infrastructure in ensuring connectivity and rapid response to crises at the EU’s borders.
In the Multiannual financial framework ( MFF) 2021-2027 negotiations, the Commission initially proposed EUR 6.5 billion for dual-use transport infrastructure under Connecting Europe Facility — Transport (CEF-T), but the final budget concluded by the Member States in the Council was reduced to EUR 1.7 billion.
Since the adoption of the current MFF, geopolitical circumstances have changed significantly. In response to Russia’s war of aggression against Ukraine, the Commission accelerated the implementation of the military mobility budget, fully allocating it over three calls (2021 -2023), supporting 95 projects in 21 Member States.
The 2023 call alone saw funding requests totalling EUR 3.7 billion, demonstrating the increased urgency and the scale of investment needs.
To enhance coordination and prioritisation, the Commission, in cooperation with the European External Action Service (EEAS) and the North Atlantic Treaty Organisation (NATO), identified four EU military mobility corridors, endorsed by the EU Military Committee in October 2024.
These corridors were included in the revised Annex II to the Military Requirements for Military Mobility[1], adopted by the Council on 17 March 2025.
Work is ongoing to assess main bottlenecks and investment needs on these corridors, particularly for short-term upgrades to enhance resilience and adapt to dual-use standards (e.g. rail capacity increase, tunnel widening, bridge reinforcements).
The Commission is convinced that agricultural production and nature preservation must go hand in hand to face climate change by improving water resilience and give young farmers a farming future. Balance between agriculture and nature has both an EU and a national dimension.
The present Common Agricultural Policy (CAP)[1] and existing environmental and climate acquis, provide a solid legal framework for Member States to identify fit for purpose targets, based on National Strategic Plans, offering them more margin for manoeuvre than before.
Member States have designed tailor-made interventions in their CAP Strategic Plans (CSPs) which also target livestock-related pollution. Eco-Schemes and Agri-Environmental and Climate Commitments support interventions to improve water quality and nutrient management, addressing manure surplus, on 21% and 15.5% of EU farmland[2] respectively.
Other interventions include livestock density adjustments, aiming at reducing Greenhouse Gases, water and air (ammonia) emissions (for example, the Luxembourgish CSP[3] offers financial aid to less intensive animal husbandry systems).
In his speech during the Grüne Woche[4] (Green Week), the Commissioner for Agriculture and Food reflected on targeted territorial solutions for balancing the livestock sector’s competitiveness with environmental sustainability, as published later in the Commission’s Vision for Agriculture and Food[5].
This approach includes maintaining grasslands, valorising the link with carbon sinks and improved water resilience, as well as more extensive systems beneficial in preserving biodiversity while reducing negative externalities.
The Commission confirms that, according to the Portuguese authorities, cohesion policy funding was recently decided for Carris to support the acquisition of rolling stock (articulated trams) to enhance Lisbon’s public transport service.
The total cost of the operation was EUR 40.6 million, with a contribution from the Cohesion Fund through the programme Sustentável 2030[1] of EUR 29.5 million. The conditions for using the funds are in line with the eligibility rules of the programme and the provisions of the cohesion policy regulations.
The additionality principle was included in Article 95 of Regulation (EU) 1303/2013[2], which governed the implementation of cohesion policy in the 2014 to 2020 programming period. The principle is no longer included in the regulation (EU) 2021/1060[3], which governs implementation in the 2021 to 2027 period.
Carris is also receiving funding under Portugal’s recovery and resilience plan[4] (RRP), which includes two investments related to tenders by Fundo Ambiental. Investment C15-i05 aims to purchase zero emission buses and charging infrastructure in Lisbon and Porto Metropolitan Areas.
Carris was selected for 33 buses and charging stations and received EUR 6.38 million from the RRP. With Investment C21-i12, Carris aims to acquire 44 buses and charging stations, receiving EUR 11 million from the RRP. The investment is expected to be completed in 2026.
The additionality principle[5] ensures that support under the Recovery and Resilience Facility is additional to other EU programs and instruments.
The Commission has not received any request to divert the European Social Fund Plus and the European Regional Development Fund to sustain the reconstruction efforts following the damage caused by the natural disaster, especially in Valencia.
The Commission is informed that the Spanish authorities are working to determine the appropriate allocation, taking into consideration the ongoing mid-term review aimed at evaluating the progress of the 2021-2027 programmes.
The regional and national authorities can seize this opportunity to introduce the new specific objective RESTORE[1] in the new version of the programmes, which are expected to be submitted to the Commission by 24 June 2025.
The RESTORE amendment proposals expected to be submitted by the Spanish authorities will detail the objectives and the financial allocations for reconstruction in the cohesion policy programmes. They will need to be approved by the Commission, in line with the funds’ regulations.
On 20 January 2025, the Spanish authorities submitted an application for financial assistance from the EU Solidarity Fund (EUSF)[2] and requested an advance payment.
As the application is eligible for EUSF assistance, on 31 March 2025, the Commission disbursed an advance payment of EUR 100 million to Spain. This is the maximum amount allowed under the EUSF as advance payment.
[1] As outlined in the regulation (EU) 2024/3236 of the European Parliament and of the Council of 19 December 2024 amending Regulations (EU) 2021/1057 and (EU) 2021/1058 as regards Regional Emergency Support to Reconstruction (RESTORE).
[2] Council Regulation (EC) No 2012/2002 of 11 November 2002 establishing the European Union Solidarity Fund (OJ L 311, 14.11.2002, p. 3) as amended by Regulation (EU) No 661/2014 of the European Parliament and the Council of 15 May 2014 (OJ L 189, 27.6.2014, p. 143) and by Regulation (EU) 2020/461 of the European Parliament and the Council of 30 March 2020 (OJ L 99, 31.3.2020, p. 9).) https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32002R2012
Question for written answer E-001337/2025 to the Commission Rule 144 Joachim Streit (Renew)
The current research policy of the US administration under Donald Trump has left scientists facing uncertainty and restrictions, including massive budget cuts and limitations on the freedom of scientific research. As a result, ten EU Member States, including Germany and France, have stressed the need for targeted support measures and facilitated immigration provisions in order to attract affected researchers to the EU. Several EU regions could benefit from this inflow of talent, provided that appropriate structures are in place. However, the challenge lies in effectively integrating these scientists into the EU’s research landscape and making use of their expertise on a long-term basis.
1.How does the Commission plan to integrate international scientists into existing European research structures and harness their know-how for regional innovation hubs?
2.Is there a specific timeline for measures aiming to bring these researchers into the EU and ensuring their long-term affiliation with our research sites?
3.What financial or structural incentives are envisaged to support regions that could particularly benefit from the relocation of researchers from non-EU countries?
Priority question for written answer P-001419/2025 to the Commission Rule 144 Rosa Serrano Sierra (S&D)
Rural areas cover more than 80% of the EU’s territory and are considered a sustainable model of life and business that can make a decisive contribution to the green transition. However, our current challenges have aggravated the disadvantages suffered by these areas, such as the demographic challenge, connectivity or poor access to other services.
The long-term vision for the EU’s rural areas set out guidelines for stronger and more connected, resilient and prosperous regions by 2040. It therefore stressed the need for a specific funding envelope for these areas. However, some regional authorities fail to comprehend the magnitude of the challenges facing rural areas, leaving half of the funds earmarked for depopulation in the 2024 financial year unspent.
In the light of this state of affairs:
1.Would the Commission agree that addressing the disparities suffered by rural regions is a priority issue on the European agenda?
2.Does the Commission believe that investing in these areas can help to slow the demographic decline?
3.Does it consider that rural challenges should be addressed at all levels of public administration: European, national, regional and local?
The informal agreement between EU co-legislators will ensure soil is monitored in all EU countries and farmers get better support to improve soil health.
On Wednesday evening, Parliament and Council negotiators reached a provisional political agreement on the Commission’s proposal for a soil monitoring law. The overall objective is to have healthy European soils by 2050, in line with the EU’s “zero pollution” ambition. It should also provide for a more coherent and harmonised EU framework for soil monitoring.
Monitoring and assessing EU soils
According to the deal, member states will have to monitor and assess soil health across their territories using common soil descriptors – characterising the physical, chemical, and biological aspect of soil health for each soil type – and an EU methodology for sampling points. To make it simpler for member states, they will be free to build on national soil monitoring campaigns or other equivalent methodologies. The Commission will support member states by reinforcing its current EU soil sampling programme, LUCAS Soils. It will offer tailor-made financial and technical support.
To reflect different levels of soil degradation and local conditions, national governments will set non-binding, sustainable, targets for each soil descriptor, in line with the overall objective of improving soil health.
No new obligations for farmers
To protect farmers and foresters, the agreed directive does not impose any new obligations on landowners or land managers. Instead, it obliges EU countries to help them improve soil health and soil resilience – the soil’s capacity to keep playing its important role in the ecosystem. Support measures may include independent advice, training activities, and capacity building, as well as the promotion of research and innovation, and measures to raise awareness of the benefits of soil resilience. Member states will also have to assess regularly the financial cost to farmers and foresters’ of improving soil health and soil resilience.
Contaminated soils
The law will require member states to draw up a public list of potentially contaminated sites within ten years of its entry into force and address any unacceptable risks to human health and the environment.
Finally, an indicative watch list of emerging substances that could pose a significant risk to soil health, human health or the environment, and for which data is needed, will be drawn up 18 months after the law enters into force. This list will include relevant PFAS (also known as “forever chemicals”) and pesticides.
Quote
On reaching the agreement, rapporteur Martin Hojsík (Renew, SK) said: “Today’s deal is an important milestone in improving support for farmers and all others in keeping the soil healthy. Providing them with better information and help, while preventing bureaucracy and new obligations, are cornerstones of the new soil monitoring law.”
Next steps
Parliament and the Council have concluded an “early second reading agreement” (the negotiation took place after Parliament’s first reading was adopted in plenary). The Council is now expected to adopt this agreement formally, and Parliament will then have to endorse the text in plenary, in second reading.
The directive will enter into force 20 days after its publication in the EU Official Journal. From this date, EU countries will have three years to comply.
Background
An estimated 60 to 70% of European soils are unhealthy due to urbanisation, low land recycling rates, intensification of agriculture practices, and climate change. Degraded soils are major drivers of the climate and biodiversity crises, and they reduce the provision of key ecosystem services. This costs the EU at least €50 billion per year, according to the Commission.
The European Anti-fraud Office (OLAF) played a key role in investigating a sophisticated fraud and money laundering scheme involving European Regional Development Fund (ERDF) resources, with an estimated financial impact of EUR 9.5 million.
OLAF’s investigation started following a request from the European Public Prosecutor’s Office (EPPO) regarding suspected EU fraud, document forgery, and money laundering in an IT project in Romania. The EU financial support, intended to develop an innovative IT platform, was in reality exploited by an organised group to fraudulently obtain the EU funds and launder the proceeds of crime.
OLAF’s investigative activities, conducted in close cooperation with EPPO, included several on the spot checks in Cyprus and Czechia, along with operational intelligence analysis of the IT platforms developed under the EU project. As a result of the investigative cooperation, EPPO has indicted 12 defendants—six individuals and six legal entities—on charges of EU fraud and money laundering.
“Good news for European taxpayers and Europe’s digital transformation. This investigation is another excellent result of the close cooperation between OLAF and the EPPO. Fraud knows no borders and conducting cross-border investigations is essential: not only for protecting the EU’s financial interests but also safeguarding Europe’s digital transformation and a fair economy that works for all”, said Ville Itälä, OLAF Director-General.
Sophisticated money-laundering network
The evidence gathered points to a sophisticated and structured money-laundering scheme, orchestrated by a network of individuals and companies across Romania, Cyprus, Czechia, and the United Arab Emirates. OLAF’s investigation helped to determine that the group operated systematically, with each member playing a specific role in the criminal acquisition of EU taxpayers’ money and laundering the proceeds of crime.
The funds were diverted through fictitious contracts before being used for personal enrichment. Operational intelligence analysis revealed suspicious banking transactions spanning multiple jurisdictions, including Cyprus, Czechia, France, Germany, Hungary, Monaco, Romania, Russia, Ukraine, United Arab Emirates, United States.
OLAF shared its final report with EPPO and issued a financial recommendation to the European Commission to recover the suspected misappropriated funds. Subsequently, in November 2023, EPPO conducted 38 searches, seizing significant evidence. OLAF then analysed seized IT servers, which revealed that the same network had also been using the same modus operandi in another ERDF funded project implemented by another private company part of the group, which also fed into the EPPO’s case.
For more information, please see the EPPO’s press release.
OLAF mission, mandate and competences:
OLAF’s mission is to detect, investigate and stop fraud with EU funds.
OLAF fulfils its mission by: • carrying out independent investigations into fraud and corruption involving EU funds, so as to ensure that all EU taxpayers’ money reaches projects that can create jobs and growth in Europe; • contributing to strengthening citizens’ trust in the EU Institutions by investigating serious misconduct by EU staff and members of the EU Institutions; • developing a sound EU anti-fraud policy.
In its independent investigative function, OLAF can investigate matters relating to fraud, corruption and other offences affecting the EU financial interests concerning: • all EU expenditure: the main spending categories are Structural Funds, agricultural policy and rural development funds, direct expenditure and external aid; • some areas of EU revenue, mainly customs duties; • suspicions of serious misconduct by EU staff and members of the EU institutions.
Once OLAF has completed its investigation, it is for the competent EU and national authorities to examine and decide on the follow-up of OLAF’s recommendations. All persons concerned are presumed to be innocent until proven guilty in a competent national or EU court of law.
For further details:
Pierluigi CATERINO Spokesperson European Anti-Fraud Office (OLAF) Phone: +32(0)2 29-52335 Email: olaf-mediaec [dot] europa [dot] eu(olaf-media[at]ec[dot]europa[dot]eu) https://anti-fraud.ec.europa.eu LinkedIn: European Anti-Fraud Office (OLAF) Bluesky: euantifraud.bsky.social If you’re a journalist and you wish to receive our press releases in your inbox, pleaseleave us your contact data.
The health mission of Italy’s Recovery and Resilience Plan includes EUR 524 million aimed at strengthening biomedical research within the National Health Service[1], including funding research on rare cancers.
The EU4Health Programme[2] supports Member States with the implementation of the EU Cancer Plan, including through direct grants to Member States for specific actions.
The structure of the projects, allocation of tasks, and funding is under the remit of the participating Member State authorities. Consequently, the Commission is not in a position to assess how EU funding is aligned with existing national funding programmes.
The European Cancer Inequalities Registry[3] highlights inequalities in cancer prevention and care across EU countries. It helps Member States identify areas for action at national and regional level. Member State representatives, including from Italy, are regularly consulted on the initiative.
As part of the European Semester[4] the Commission evaluates the Italian health system performance and engages with Italian authorities on priority areas for improvement.
Some of the investments in Italy’s Recovery and Resilience Plan aim to reduce territorial disparities by creating a new model for the Territorial healthcare assistance network, including the setup of Community Health Houses, Community Hospitals and Territorial Coordination Centres.
The national programme ‘Health Equity’ (EUR 375 million in EU funding) aims to strengthen healthcare services in less developed regions and make the access to health services more equitable.
It focuses on ensuring access to oncological screening programmes by identifying populations in socioeconomic vulnerability, living in remote or disadvantaged areas.
[1] Investment M6C2 number 2.1 ‘Strengthening and enhancement of the NHS biomedical research’.
[2] EU4Health — European Commission https://commission.europa.eu/funding-tenders/find-funding/eu-funding-programmes/eu4health_en
[3] European Cancer Inequalities Registry (ECIR) https://cancer-inequalities.jrc.ec.europa.eu/
[4] European Semester documents for Italy https://commission.europa.eu/business-economy-euro/european-semester/european-semester-your-country/european-semester-documents-italy_en
