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Category: Economy

  • MIL-OSI: International Petroleum Corp. Annual General Meeting to be held on May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    International Petroleum Corporation (“IPC” or the “Corporation”) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that the Annual General Meeting (the “Meeting”) of holders of common shares (“Shareholders”) will be held at the offices of Blake, Cassels and Graydon LLP, Suite 3500, 855 – 2nd Street S.W., Calgary, Alberta, Canada T2P 4J8 on Wednesday, May 7, 2025 at 8:00 a.m. (Mountain time), for the following purposes:

    1. To receive the audited consolidated financial statements of the Corporation for the financial year ended December 31, 2024 and accompanying report of the auditor;
    2. To set the number of directors of the Corporation at eight;
    3. To elect the eight nominees of the Corporation standing for election as directors of the Corporation to hold office until the next annual meeting of Shareholders or until his or her successor is duly elected or appointed;
    4. To appoint PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the auditor of the Corporation, to hold office until the next annual meeting of Shareholders and to authorize the directors to fix the auditor’s remuneration; and
    5. To transact such other business as may properly come before the Meeting or any adjournment(s) or postponement(s) of the Meeting.

    The record date for the Meeting is March 18, 2025. The Notice of Meeting, the Management Information Circular dated March 24, 2025 (the “Information Circular”) and related Meeting materials, and the Corporation’s Annual Information Form for the year ended December 31, 2024, will be available under the Corporation’s profile on SEDAR+ at www.sedarplus.ca and on the Corporation’s website at www.international-petroleum.com.

    The Corporation is not aware of any items of business to be brought before the Meeting other than those described in the Information Circular and there will be no management presentation on the business and operations of the Corporation at the Meeting.

    Advice to Holders of Euroclear Sweden Registered Common Shares

    Shareholders who hold their common shares (“Euroclear Registered Common Shares”) through Euroclear Sweden AB, which common shares trade on the Nasdaq Stockholm, are not registered holders of common shares for the purposes of voting at the Meeting. Instead, Euroclear Registered Common Shares are registered under CDS & Co., the registration name of the Canadian Depositary for Securities. Holders of Euroclear Registered Common Shares will receive a voting instruction form (the “VIF”) by mail directly from Computershare AB (“Computershare Sweden”). Additional copies of the VIF, together with the Information Circular, can also be obtained from Computershare Sweden and are available on the Corporation’s website at www.international-petroleum.com. The VIF cannot be used to vote common shares directly at the Meeting. Instead, the VIF must be completed and returned to Computershare Sweden, strictly in accordance with the instructions and deadlines as further described in the instructions provided with the VIF.

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50

    Or

    		 Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15

    The information was submitted for publication, through the contact persons set out above, at 09:00 CEST on March 31, 2025.

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Attachment

    The MIL Network –

  • MIL-OSI: Welnax BioClear Reviews [Read Before Buying]: The Real Truth About This Toenail Fungus Device!

    Source: GlobeNewswire (MIL-OSI)

    KOWLOON, Hong Kong, March 31, 2025 (GLOBE NEWSWIRE) — Struggling with fungal infections, discolored, or brittle nails? You are not alone, as Millions of people worldwide suffer from the same annoying issue of nail fungus. Finding a solution that truly works is difficult for many people, trapping them in a cycle of routine clinic visits, topical creams and recurrent illnesses.

    Welnax BioClear Toenail Reviews
    Welnax BioClear claims to employ advanced light therapy to address the underlying cause of fungal infections without the use of harsh chemicals or prescription medications. It is intended to be used at home and offers a hassle-free substitute for pricey therapies that frequently have unintended side effects. Does it, however, fulfill its promises?

    We noticed the Welnax BioClear is trending in the USA. Many intending buyers have gone to many online forums like Reddit and TrustPilot in search of a detailed product description. We have decided to put together all you need to know to make an informed purchase in this concise Welnax BioClear Reviews.

    Many individuals are in search of a non-invasive, safer therapy for toenail fungus, and the Welnax BioClear claims to meet this standard by providing a small, user-friendly gadget that only needs a few minutes of daily use. Users report seeing noticeable improvements in as little as a few weeks, while others value the ease of caring for their nails without the need for messy lotions or trips to the podiatrist.

    Is the Welnax BioClear just another overhyped device? Does it work? We will analyze its mechanism of action, user reviews, and whether it is worth buying by people with chronic nail fungus. Find out if the Welnax BioClear is the long-term fix you’ve been looking for by reading on.

    Overview (Welnax Reviews)
    What Is Welnax BioClear?

    Welnax BioClear is a non-invasive device that uses light therapy to address toenail fungus. Welnax BioClear uses Low Light Laser Therapy (LLLT) to attack fungal infections at their source, unlike conventional therapies that depend on lotions, ointments, or oral drugs that may have negative side effects. By penetrating the nail bed with particular light wavelengths, the gadget breaks down fungal cells and encourages better nail development.

    The Welnax BioClear is a hassle-free remedy for people with recalcitrant nail fungus because it just needs to be used for a few minutes each day. It offers a straightforward, at-home substitute that blends in perfectly with any routine, unlike messy topical treatments or expensive clinical procedures.

    According to customer feedback, many users claim observable changes after only a few weeks of regular use. Verified customers, such as Sophia T. and Dylan P., have discussed their positive experiences, complimenting the gadget on its efficiency, ease of use, and capacity to repair nail health without the use of chemicals or negative side effects. Welnax BioClear provides a safe, scientifically supported answer to a long-standing toenail fungal infection.

    Working Principle of Welnax BioClear Toenail Device
    (Does Welnax BioClear Really Work?)

    Welnax BioClear fights toenail fungus at its root with the innovative Low Light Laser Therapy (LLLT). The device targets the fungal infection without damaging the surrounding skin or tissue by emitting potent light wavelengths that go deep into the nail bed.

    The fungal cells are disrupted by the light energy, which stops them from growing and eventually causes them to be eliminated. Users experience progressive improvement in nail thickness, texture, and color with regular use. Customer reviews attest to its efficacy. While complete healing usually takes a few months, users report noticeable improvements in as little as a few weeks.

    DON’T MISS OUT: Welnax BioClear is Available At A Special Price – Click Here To Order From The Official Website

    Features (Welnax BioClear Reviews)

    Below are some unique features that set Welnax BioClear apart from your other alternatives:

    • Advanced Low Light Laser Therapy (LLLT): Welnax BioClear’s application of Low Light Laser Therapy (LLLT) targets fungal infections at their source without causing damage to surrounding tissues by penetrating the nail bed using potent light wavelengths. LLLT fights fungal spores deep into the nail at the cellular level, unlike conventional therapies that primarily address surface symptoms.
    • Drug-Free and Non-Invasive Treatment: Welnax BioClear is a chemical-free, safe substitute that doesn’t include any invasive medications. Without causing pain or running the risk of negative reactions, the gadget promotes the body’s natural healing processes.
    • Quick and Notable Results: Welnax BioClear produces noticeable changes in a matter of weeks, unlike many antifungal therapies that take months to show results. Within the first month of use, users report significantly less discolouration and healthier nail growth.
    • Clinically-Tested: The technology used in the creation of Welnax BioClear has been extensively researched for its efficacy in addressing fungal infections. Light therapy has been shown in numerous scientific investigations to effectively remove fungus without the need for prescription medicines.
    • User-Friendly Design: A key feature of any at-home medical gadget is its ease of use. Welnax BioClear’s design prioritizes portability, ease of use, and lightweight design. The device is easy to use; all that is needed to start a therapy session is the push of a button. According to David S., a happy client, his wife found it easy to integrate the gadget into her daily routine: She was quite pleased with the outcome after using Welnax BioClear for a few months.
    • Painless and Gentle Therapy: Conventional fungal therapies, such as oral antifungal drugs, sometimes have adverse effects. Additionally, some topical treatments may irritate or burn your skin. Welnax BioClear offers a totally painless experience, which makes it perfect for people with sensitive skin or those who are unable to endure traditional treatments. Emily W. stated she was tired of using creams and ointments that didn’t seem to help. She was going to quit trying out different therapies until the Welnax took her by surprise. The Welnax BioClear actually works!
    • No Need for Expensive Prescription Drugs: You probably have spent a lot of money on doctor visits, prescription drugs, and recurrent antifungal cream purchases. A one-time investment for long-term nail health is offered by Welnax BioClear.
    • Strengthens Nails and Prevents Reinfection: The recurrent nature of toenail fungus, even after treatment, is one of its most annoying aspect. In addition to addressing the infection, Welnax BioClear strengthens nails, which lowers the chance of recurrence. Over time, stronger, healthier nails result from the light therapy’s promotion of circulation and cellular repair.
    • Portable and Travel-Friendly: Welnax BioClear is small and portable. Users can now maintain the health of their nails whether they are at home or on the go.

    Is Welnax BioClear Safe?

    Welnax BioClear is designed to be a non-invasive, safe therapy for brittle nails and toenail fungus. The gadget employs low-light laser therapy, a professionally proven technique renowned for its efficacy and safety, unlike conventional therapies that depend on harsh chemicals or prescription drugs. Without causing harm to the surrounding skin or tissue, the technique targets fungal diseases at their source by emitting potent light wavelengths that enter the nail bed.

    Welnax BioClear’s drug-free design has been praised by many users in the USA, Canada, Australia and New Zealand. Strong antifungal ingredients included in many topical therapies might irritate skin, cause dryness, or trigger allergic responses. Welnax BioClear is a mild yet efficient light-based therapy without these side effects.

    Furthermore, because it is intended for home usage, customers can effortlessly make their nails better without a doctor’s supervision. For best results, users just need to adhere to the recommended 7-minute daily use.

    Customer reviews confirm its safety even more. Verified purchasers such as John H. and Dylan P. have commended its efficacy, citing no adverse effects or discomfort. It’s easy and safe to get healthier nails with Welnax BioClear.

    Detailed Instructions on How to Use Welnax BioClear Toenail

    For the best results, use the Welnax BioClear consistently following the instructions below:

    • Clean the Affected Nail: Prior to using the therapy, wash and pat dry the fingernail or toenail. For optimal results, remove any nail polish.
    • Position the Device: Make sure the affected nail is completely covered with Welnax BioClear.
    • Activate the Light Therapy: Switch the machine on and leave it running for around seven minutes.
    • Let It Work: The light targets the fungus without causing pain or suffering by penetrating the nail bed.
    • Repeat Every Day: For reliable results, use once or twice daily. Within weeks, regular use guarantees noticeable improvement!

    DON’T MISS OUT: Welnax BioClear is Available At A Special Price – Click Here To Order From The Official Website

    Why Is Welnax BioClear So Affordable?
    (Welnax BioClear Toenail Reviews)

    Welnax BioClear’s cost-effective production, creative design, and direct-to-consumer business strategy all contribute to its affordability. Professional-grade Low Light Laser Therapy (LLLT) is now available in a small, one-time purchase device with Welnax BioClear, unlike costly laser treatments at clinics that can cost hundreds or even thousands of dollars each session. For people looking for long-term relief from toenail fungus, this is a more affordable option because it does not require frequent trips to a doctor.

    The lack of ongoing expenses is another point that makes it affordable. Prescription drugs, lotions, and ointments are just a few examples of the common therapies that require ongoing expenses over several months, which can mount up over time. Welnax BioClear is a one-time purchase that customers can depend on for continuous use without incurring further costs.

    In addition, the Welnax company eliminates middlemen and costly retail markups by taking a direct-to-consumer strategy. Welnax BioClear passes up the savings to clients because it sells mostly online, eliminating the overhead expenses that come with running physical outlets.

    The efficacy of Welnax BioClear is not affected by its affordable price. According to verified USA customer reviews, it can effectively eradicate fungal infections in a few weeks, making it a reasonably priced alternative.

    Is Welnax BioClear Legit?

    Every day, new health and wellness gadgets are posted on different online platforms, leaving you wondering if the Welnax BioClear is a scam or a genuine product. However, Welnax BioClear stands out as a tested and trusted remedy for toenail fungus based on actual customer experiences and the science underlying its technology.

    The application of Low Light Laser Therapy, a non-invasive procedure that has been extensively researched for its efficacy in addressing fungal infections, is one of the main features that demonstrate its legitimacy. Welnax BioClear employs potent light wavelengths to enter the nail bed and combat fungus at its source, unlike conventional lotions and ointments that just target the surface. Without the use of harsh chemicals or costly medical appointments, this method guarantees deeper, more durable effects.

    Numerous users have expressed their satisfaction, highlighting observable enhancements in nail health after just a few weeks of regular use. For example, Sophia T., a verified customer, was skeptical at first but discovered that Welnax BioClear was a “game-changer.” After years of battling nail fungus, she saw noticeable improvements in a matter of weeks, and her nails looked healthy again in two months. In the same way, Emily W. was on the verge of giving up after trying countless unsuccessful therapies. She was astounded by how well Welnax BioClear removed her nail after four weeks of use.

    Additional testimonies support the product’s efficacy. David S. bought the gadget for his wife, who had long struggled with toenail fungus. Before using Welnax BioClear, she tried a number of drugstore remedies without success. Her nails seemed noticeably healthier in just two months, and she was thrilled with the outcome. John H. agreed, stating that the first therapy that truly worked was Welnax BioClear, which produced better nail growth in as little as one month.

    Beyond customer satisfaction, the device’s ease of use and convenience further demonstrate its legitimacy. Dylan P. valued that Welnax BioClear only needed a straightforward 7-minute daily session, free of chemicals and mess. His confidence returned when he noticed that his nails were getting healthier and that the discolored areas were progressively going away.

    Welnax BioClear Toenail Fungus Device is far from a fraud because of its tried-and-true technology, solid user reviews, and a hassle-free, secure application. It offers a practical, scientifically supported remedy for toenail fungus, enabling customers to attain healthier nails with less work.

    Welnax BioClear Reviews Consumer Reports and Complaints

    Many customers have reported getting exactly the result they wanted from the Welnax BioClear. Below are Real consumer reports from verified customers:

    • Sophia T.| Verified Buyer – “I’ve struggled with nail fungus for years, and nothing seemed to work. I was skeptical at first, but the Welnax™ BioClear has truly been a game-changer! The Low Light Laser Therapy is gentle yet effective. I noticed a visible difference in my nails after just a few weeks of consistent use. After about two months, my nails are finally looking healthy again. I no longer feel embarrassed about my feet, and I’m so glad I gave this product a try. It’s safe, simple, and most importantly, it works!”
    • John H.| Verified Buyer – “I’ve tried countless treatments for nail fungus, but Welnax™ BioClear is the first one that has actually made a difference. It’s super easy to use and doesn’t require a lot of time. Within a month, I started to see healthier nail growth. I’m really impressed with how well it works and how non-invasive it is. I would definitely recommend it to anyone who’s struggled with nail fungus and wants a simple, effective solution.”
    • Dylan P.| Verified Buyer – “I’ve been using Welnax for just over a month now, and I’m amazed at the results. My nails are noticeably healthier, and the thick, discolored spots are slowly fading. I love how easy it is to use—no mess, no chemicals, just a quick 7-minute session each day. I’m finally feeling confident about my nails again and will definitely keep using this device.”
    • Emily W.| Verified Buyer – “I was tired of using creams and ointments that didn’t seem to help. I was about to give up. But Welnax has really surprised me. I’ve been using it for about four weeks now, and my nail is almost completely cleared up. I was skeptical at first, but now I can honestly say it works. So glad I found this!’
    • David S.| Verified Buyer – “ I got this for my wife because she’d been dealing with toenail fungus for a while, and honestly, she hates going to the doctor. She’d tried everything from the drugstore, but nothing worked. After using Welnax™ BioClear for a couple of months, she was super happy with the results. Her nails actually look healthier now, and she’s really glad we gave it a shot. I’m pretty relieved too!”

    DON’T MISS OUT: Welnax BioClear is Available At A Special Price – Click Here To Order From The Official Website

    Pros Of Welnax BioClear (Welnax BioClear Toenail Reviews)

    • Welnax BioClear addresses nail fungus with laser treatment, which is less invasive and less irritating than oral antifungal drugs, which can have adverse effects.
    • For people who prefer natural cures, this is a safer alternative because it eliminates the need for prescription drugs and chemical-laden topical treatments.
    • The Welnax BioClear is made for domestic use, so it needs little work. Simply cover the damaged nail with it, click the power button, and let it take care of the rest.
    • After using the product consistently for a few weeks, many users report observable improvements in the health of their nails.
    • Welnax BioClear reaches deep into the nail bed to eradicate fungus at its source, unlike other therapies that simply address symptoms that are visible on the surface.
    • It’s ideal for folks with hectic schedules or who travel because it’s small enough to carry during trips.
    • No Mess or Residue
    • The Welnax BioClear Light therapy is a well-researched and proven treatment for fungal infections.
    • Compared to routine medical visits or continuous purchases of antifungal medications, a single purchase can ultimately result in financial savings.
    • Safe for All Ages
    • 30-Day money-back guarantee

    Cons Of Welnax BioClear Toenail Fungus (Welnax BioClear Reviews)

    • Needs Consistency and Patience: Depending on the extent of the infection, it may take a few weeks to months to see obvious effects.
    • Not an Instant Fix: It takes time for new, healthy nails to grow. Thus, this device does not offer instant aesthetic results like nail paints or temporary cosmetic remedies do.
    • Best purchased online: The Welnax BioClear is not available in Walk-in stores.

    How Much Does Welnax BioClear Cost?

    The Welnax BioClear is surprisingly affordable. The Welnax BioClear company is even running a 50% off discount currently, making it a wonderful bargain. The product is available at the following pricing:

    Welnax BioClear Where To Buy

    The official Welnax BioClear website is the best location to buy it. A genuine product with complete warranty coverage, customer service, and access to any available promotions or discounts is guaranteed when you purchase straight from the manufacturer.

    There are drawbacks associated with buying from third-party platforms, including poor customer service, lack of warranty, and counterfeit products. Always place your order on the official website to prevent problems.

    The money-back guarantee is an additional benefit of purchasing from the manufacturer. Within 30 days of purchase, you can return the product if it does not live up to your expectations. Additionally, clients can save extra when buying multiple units thanks to the official website’s bulk deals.

    Getting yours is simple. Just go to the website, choose the deal you want, and complete the payment process. The company offers safe payment methods to guarantee the security of your transaction. After completing the transaction, tracking information is supplied, and shipping is usually fast. To start down the path to healthier nails, visit the official website right now.

    CLICK HERE NOW TO BUY WELNAX BIOCLEAR DIRECTLY FROM THE OFFICIAL WEBSITE AT A DISCOUNTED PRICE

    Commonly Asked Questions (Welnax BioClear Reviews)

    We understand you might have questions regarding the Welnax BioClear, so we have provided answers to some frequently asked questions below:

    What is the duration required to observe results?

    Depending on the severity of the infection, different people experience noticeable improvements at different times. However, after four to six weeks of regular use, many individuals report observable changes. customer testimonials from confirmed purchasers such as Sophia T. and Dylan P. state that full recuperation happens after a few months, with noticeable progress after only a few weeks.

    Can my fingernails benefit from the Welnax BioClear?

    Of course! Although the gadget is promoted mostly for toenail fungus, it is equally helpful for fungal infections of the fingernails.

    Is it simple to use?

    Yes, Welnax BioClear is made to be used easily at home. Just cover the afflicted nail with the device, switch it on, and wait for the light therapy to begin; usually, only a few minutes per session. There is no need for further setup, and the procedure is totally painless.

    When is the best time to use Welnax BioClear?

    Depending on how severe the infection is, the gadget should be used once or twice a day for optimal effects. Achieving the intended result requires regular and consistent application.

    Can a single device be used by several people?

    As long as appropriate hygiene precautions are taken, several family members can share a Welnax BioClear. The Welnax is a personal device, though, so if possible, everyone should have one for personal use.

    What is the duration of each session?

    Each nail treatment takes about seven minutes. Users can carry on with their regular tasks while receiving therapy.

    Is it possible to combine Welnax BioClear with other treatments?

    Yes, Welnax BioClear can be used in conjunction with other treatments that promote nail health or antifungal lotions. Many customers, nevertheless, discover that the gadget is just enough to give them the result they want.

    Does it work on thick or discolored nails?

    Indeed, Welnax BioClear helps restore the natural look of nails in addition to getting rid of the fungal infection. After regular use, many users have experienced better nails, less discolouration, and better overall nail health.

    Will Welnax BioClear stop infections in the future?

    Indeed, regular application of Welnax BioClear not only gets rid of toenail fungus that is already there, but it also keeps them from coming back by promoting healthy nail development. Maintaining clean, dry, and clipped nails also improves defense against fungus infections in the future.

    What are the opinions of customers regarding Welnax BioClear? (Welnax BioClear Reviews Reddit)

    Welnax BioClear has received overwhelmingly excellent customer feedback. Users such as Emily W., along with John H., have talked about their experiences, emphasizing how convenient and effective the device is. Numerous reviews highlight how simple it is to use and how fast they saw improvements in the condition of their nails. Strong proof that Welnax BioClear is a reliable treatment for toenail fungus is found in the success stories of verified customers.

    Is Welnax BioClear effective for everyone?

    The majority of users report notable improvements, while individual factors such as intensity and consistency of use may affect results. After trying several other treatments with limited success, verified customers have hailed the Welnax as a game-changer in their battle against nail fungus.

    Can I wear nail paint and use Welnax BioClear at the same time?

    Before using the gadget, it is advised to remove any nail polish. Polish may function as a barrier, decreasing the efficiency of light therapy, which requires direct contact with the nail bed.

    What makes the Welnax BioClear special?

    Welnax BioClear provides a painless, practical, and drug-free alternative to messy lotions and ointments or oral drugs with adverse effects. For many users, its light therapy technology offers complete care all from the comfort of their home.

    Wrapping Up Welnax BioClear Reviews

    Welnax BioClear distinguishes itself from conventional toenail fungal treatments with its non-invasive, painless application, quick results, and Low Light Laser Therapy. Its efficacy, simplicity of use, and capacity to restore nail health without the use of harsh chemicals or expensive prescription drugs are the talk of many customer reviews on so many online platforms like Reddit and TrustPilot.

    Welnax BioClear is a drug-free, scientifically supported therapy for those with recalcitrant nail fungus that actually works, as confirmed by customers like John H., Sophia T., and Emily W., who have confirmed that this gadget is a tested and trusted way to get healthier, clearer nails.

    Welnax BioClear offers a straightforward, hands-free treatment that works with any routine, unlike messy lotions or prescription drugs that can take months to show benefits. After weeks of regular use, numerous USA-verified customers have shared their success stories, pointing to observable changes in nail health. The gadget was also made with safety in mind, so there is no chance of negative side effects even after prolonged use.

    Welnax BioClear is unique among nail fungus treatments due to its cost-effectiveness and efficiency. However, buying straight from the official website is advised to ensure authenticity and to take advantage of all manufacturer-backed warranty coverage, possible discounts, and access to authentic products.

    Welnax BioClear has given many consumers an easy-to-use and effective approach to repair healthier nails, even though individual outcomes may differ. Give the Welnax BioClear a try to see for yourself. Hurry while supplies last!

    DON’T MISS OUT: Welnax BioClear is Available At A Special Price – Click Here To Order From The Official Website

    Media Contact:
    Email: apexreviews200@gmail.com

    Disclaimer & Affiliate Disclosure
    This content is for informational purposes only and is not intended to diagnose, treat, cure, or prevent any medical condition. The BioClear Toenail Fungus Device has not been evaluated by the FDA for medical claims. Individuals with severe or persistent medical concerns should consult a healthcare professional before using this device.
    Results may vary, and individual effectiveness depends on factors such as consistency of use, severity of the infection, and individual nail growth rates. The information provided in this article should not be considered professional medical advice.
    Some links within this article may be affiliate links, meaning the publisher may receive a commission if a purchase is made through these links at no extra cost to the buyer. This helps support the continued creation of valuable content and unbiased product reviews.

    Photos accompanying this announcement are available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/12617cd1-40f4-4656-94dd-3f6694b9860b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2d47cfd5-4d7d-4c63-80ac-fa7eb4b55d62

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bcb50d43-0cdf-4a6a-885b-d9c9258f9aca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/4ad8abe5-efc2-46b4-8617-a079756b8ec0

    The MIL Network –

  • MIL-OSI: Agillic appoints new CFO Jack Sørensen

    Source: GlobeNewswire (MIL-OSI)

    Press release – Copenhagen – 31 March 2025

    Jack Sørensen joins Agillic as its new Chief Financial Officer on 1 May 2025.

    Jack will manage the finance team, oversee financial strategy and operations, and work closely with CEO Christian Samsø on investor relations. 

    Jack joins Agillic from Evaxion-Biotech A/S – a biotech company listed on Nasdaq New York and operating in Australia and Denmark – where he has been the VP of Finance and Reporting since 2022. Jack brings an extensive international experience across IT and SaaS, med- and biotech, telecom, and consultancy, having held various roles in companies like Deloitte, Chr. Hansen Holding, DONG Energy (Ørsted), Global Connect Outsourcing, and Widex.

    Christian Samsø, CEO at Agillic, comments: 
    “I am very pleased to have concluded a swift recruitment process, welcoming Jack to Agillic already in May. We have a highly capable finance department, and I look forward to seeing Jack develop and lead the team, and together with the Executive Management team deliver on Agillic’s strategic priorities of ARR growth, positive cashflow from operations, and positive EDITDA as outlined with our 2025 guidance.”

    Jack Sørensen adds:
    “Agillic has an impressive portfolio and footprint in the Nordics. Like any SaaS business, it is subject to market conditions, but I see a strong foundation for growth and look forward to contributing to the continued journey.” 

    For further information, please contact
    Christian Samsøe, CEO
    +45 24 88 24 24
    christian.samsoe@agillic.com

    About Agillic A/S
    Agillic A/S (Nasdaq First North Growth Market Copenhagen: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate, and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit agillic.com. 

    The MIL Network –

  • MIL-OSI: Willis Sustainable Fuels Progresses Teesside SAF Project

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., March 31, 2025 (GLOBE NEWSWIRE) — Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”), the leading lessor of commercial aircraft engines and global provider of aviation services, today announced that its subsidiary, Willis Sustainable Fuels (UK) Limited (“WSF”), has entered into license and engineering agreements with two global leaders in sustainable technology, Johnson Matthey and Axens. These partnerships significantly advance WSF’s sustainable aviation fuel (SAF) project in Teesside, Northeastern England. WSF is targeting Q1 2028 to begin commercial operations at its SAF production facility, with an anticipated annual production capacity of 14,000 tonnes (equalling approximately 50,000 litres a day) of SAF.

    “Through this collaboration, WSF will leverage Johnson Matthey’s and Axens’ market-leading technologies to support the production of SAF at our facility in Teesside, UK,” said Amy Ruddock, Senior Vice President, Sustainable Aviation & Corporate Development of WLFC. “Working with industry leaders will allow us to accelerate progress toward our vision for a cleaner, more sustainable future.”

    This project received a grant from the UK Department for Transport’s Advanced Fuels Fund and represents an important step towards the UK government’s 2050 net-zero target and its goal of having five commercial-scale SAF plants under construction by 2025. WSF is currently executing the detailed design phase of the project. McDermott will perform early engineering, procurement, and construction (EPC) related services for the project.

    “Our FT CANS™ technology was developed in partnership with bp and revolutionizes the sustainable fuel sector by enabling production at commercial scale. We look forward to working with Willis Sustainable Fuels on this innovative project that will benefit the UK and beyond,” said Alberto Giovanzana, Managing Director – Licensing at Johnson Matthey

    “Axens is honored to be chosen as a partner in this pivotal energy transition project to support the emergence of the advanced SAF market in the UK. We are dedicated to accompanying Willis every step of the way, ensuring the successful implementation of innovative solutions that drive sustainable progress,” said Jacques Rault, Executive Vice President Technology & Technical Support of Axens.

    The project’s technology is intended to produce 100% SAF that can be seamlessly blended with conventional jet fuel for immediate use with existing commercial aircraft engines. The fuel produced is projected to offer greenhouse gas emissions savings of approximately 80% compared to today’s fuels.

    WSF remains committed to the aviation industry’s transformation to a more sustainable future by investing in, developing and producing scalable solutions to decarbonize aviation. For more information on WSF, visit www.willissustainablefuels.com.

    About Willis Lease Finance Corporation

    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Willis Sustainable Fuels intends to develop, build and operate projects to help decarbonize aviation.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing  and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

    About Johnson Matthey
    Johnson Matthey is a global leader in sustainable technologies. For over 200 years Johnson Matthey has used advanced metals chemistry to tackle the world’s biggest challenges.

    Many of the world’s leading energy, chemicals and automotive companies depend on Johnson Matthey’s technology and expertise to decarbonise, reduce harmful emissions, and improve their sustainability.

    And now, as the world faces the challenges of climate change, energy supply and resource scarcity, Johnson Matthey is actively providing solutions for its customers. Through inspiring science and continued innovation, we’re catalysing the net zero transition for millions of people every day. For more information visit www.matthey.com.

    About Axens
    The Axens Group (www.axens.net) offers a complete range of solutions for the conversion of oil and biomass into cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, natural gas treatment and conversion options, water treatment and carbon capture. Their offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents and related services. Axens is ideally positioned to cover the entire value chain, from feasibility studies to start-up and monitoring of units throughout their lifecycle. This unique position guarantees optimum performance and a reduced environmental footprint. Axens’ international offering is based on highly qualified human resources, modern production facilities and an extensive global network for industrial, technical support and sales services. Axens is an IFP Energies Nouvelles Group company.

    To find out more, visit Axens’ website and follow Axens on X and LinkedIn.

    Contact press: press@axens.net 

     CONTACT: Lynn Mailliard Kohler
      Director, Global Corporate Communications
      (415) 328-4798
      lkohler@willislease.com 

    The MIL Network –

  • MIL-OSI: Nokia and Amazon sign patent agreement

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Nokia and Amazon sign patent agreement

    • Agreement covers the use of Nokia’s video technologies in Amazon’s streaming services and streaming devices.
    • All patent litigation between the parties resolved.

    31 March 2025
    Espoo, Finland – Nokia today announced it has signed a patent agreement with Amazon covering the use of Nokia’s video technologies in Amazon’s streaming services and devices. The agreement resolves all patent litigation between the parties, in all jurisdictions. The terms – including the financial terms – of the agreement remain confidential as agreed between the parties.

    “We are pleased to have reached agreement on the use of Nokia’s video technologies in Amazon’s streaming services and devices,” said Arvin Patel, Chief Licensing Officer New Segments at Nokia.

    Nokia is a leader in the development of video and multimedia technologies, including video compression, content delivery, content recommendation and aspects related to hardware. In the past 25 years, Nokia has created almost 5 000 inventions that enable multimedia products and services and continues to play a leading role in multimedia research and standardization.

    Nokia’s expertise in multimedia and video research is built on continuous investment to advance the industry. Nokia has invested over €150 billion in R&D since 2000 (including over €4.5 billion in 2024 alone) for cutting edge technologies including cellular and multimedia.

    Related news
    Web Page: Patents powering consumer electronics I Nokia
    Blog: We seek compensation for use of our inventions | Nokia

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Email: steven.bartholomew@nokia.com

    Follow us on social media
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    The MIL Network –

  • MIL-OSI Economics: RBA and ASIC Act on Deep Concerns with ASX

    Source: Reserve Bank of Australia

    The Reserve Bank of Australia (RBA) and the Australian Securities and Investments Commission (ASIC) (the regulators) have taken further steps to address their increasing concern over the management of operational risk at ASX, following the CHESS batch settlement failure incident that occurred on 20 December 2024.

    In a joint letter to ASX, the regulators expressed their deep concerns about the potential for operational incidents, such as the CHESS batch settlement failure, to affect the ability of the CHESS system to reliably service the Australian equities market until CHESS is replaced. The regulators also highlighted their concern about the speed and nature of ASX’s remediation actions following the initial incident.

    In response, the RBA has taken the unprecedented step of reassessing the compliance of ASX Clear Pty Limited and ASX Settlement Pty Ltd with the RBA’s Financial Stability Standards outside the usual annual assessment cycle. The RBA has downgraded its assessment of these entities’ compliance with the “Operational Risk” standard from partly observed to not observed. A rating of not observed is made when the RBA has identified serious issues of concern that warrant immediate action.

    In addition, ASIC has directed ASX, under section 823BB(4) of the Corporations Act 2001, to engage an expert approved by ASIC to undertake a technical review of CHESS. This review and any remediation will provide greater confidence to regulators, and the public, in the stability and operational resilience of the current CHESS platform.

    RBA Governor Michele Bullock said, ‘It is deeply disappointing that the regulators need to take these actions today. But they are necessary. ASX operates critical infrastructure that plays a central role in the financial system. ASX’s management of operational risk has been a concern for RBA staff and the Payments System Board for some time, and the recent CHESS incident has underscored those concerns. The underlying issues that we have raised need to be addressed as a matter of priority to strengthen the resilience of the CHESS system.’

    ASIC Chair Joe Longo said, ‘Our actions underscore our increasingly deep concerns with ASX’s management of the CHESS system, and we will continue to consider further action. The technical review of ASX’s core technology infrastructure is necessary given the ongoing concerns the regulators have raised about ASX’s operational resilience. It is troubling that these risks were realised in this major incident.’

    The regulators together outlined their expectations that ASX needs to give the highest priority to the immediate remediation of issues that caused and exacerbated the December 2024 incident.

    If not urgently addressed, the regulators are prepared to take further regulatory action. This could include the use of the regulators’ new powers under reforms to modernise the regulatory framework for Financial Market Infrastructures, which came into effect in September 2024, and further rulemaking under the Competition in Clearing and Settlement reforms.

    Background

    The RBA and ASIC are co-regulators of licensed CS facilities and have separate, but complementary, responsibilities for the licensing and supervision of CS facilities licensees.

    These responsibilities include supervising each CS facility licensee’s compliance with the obligation to do all things necessary to ensure that the facility’s services are provided in a fair and effective way, to the extent it is reasonably practicable to do so. In carrying out supervision and assessment of CS facilities, the RBA and ASIC work closely as appropriate.

    The RBA supervises CS facilities from the perspective of the facilities’ importance to the stability of Australia’s financial system. This includes the power to determine financial stability standards for the purpose of ensuring that CS facility licensees conduct their affairs in a way that causes or promotes overall stability in the Australian financial system.

    ASIC’s regulatory action announced today are in addition and separate to ASIC’s investigation into ASX Settlement Pty Ltd (ASX Settlement) for suspected contraventions of section 821A of the Corporations Act.

    MIL OSI Economics –

  • MIL-OSI Economics: Digitalization for Improving Elder Care

    Source: Asia Development Bank

    As economies face the growing challenge of supporting aging populations, traditional care systems often struggle due to gaps in infrastructure, trained personnel, and accessible healthcare. In this context, digital technologies are increasingly recognized as transformative tools for elder care. This book examines how digital solutions such as robotics and telemedicine can help address the needs of aging populations, enhance care quality, and support inclusive development.

    The discussions explore both the opportunities and challenges of the digital transformation in terms of social inclusion for elder care. Through diverse case studies, the book highlights the importance of involving older people as active participants in the digital economy rather than passive recipients—an essential step in bridging the digital divide. With practical recommendations for policymakers and practitioners, it is a vital resource for advancing efficient, dignified, and high-quality elder care in the digital age.

    [embedded content]

    MIL OSI Economics –

  • MIL-OSI Economics: ADB Issues Largest Panda Bonds

    Source: Asia Development Bank

    News Release | 31 March 2025

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    MANILA, PHILIPPINES (31 March 2025) — The Asian Development Bank (ADB) has successfully issued a CNY8.3 billion (about $1.15 billion), 3-year bond issue, its largest Panda Bonds to date, raising significant capital to support its development projects for both sovereign and private sector borrowers. The bonds, issued on 17 March 2025, carry a 1.81% coupon. 

    This issuance marks a significant milestone for ADB, as it represents the largest Panda Bonds issued to date in 2025, and the largest local currency bond issued by ADB. The bonds were well received by both domestic and international investors, reflecting strong confidence in ADB’s commitment to sustainable development.

    “We are delighted with the successful issuance of our latest Panda Bonds,” said ADB Treasurer Tobias Hoschka. “This achievement underscores the robust demand for high-quality, sustainable investment opportunities in the Chinese bond market. The proceeds from this issuance will be instrumental in advancing our mission to foster economic growth and reduce poverty in the region.”

    The Panda Bonds are part of ADB’s ongoing efforts to diversify its funding sources and tap into the growing pool of local currency capital in Asia and the Pacific. The funds raised will be used to finance a range of projects aimed at promoting inclusive and sustainable development in ADB’s member countries.

    ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.

    Media Contact

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    MIL OSI Economics –

  • MIL-OSI Economics: 2024: CNB brought inflation down to 2% target and made record profit

    Source: Czech National Bank

    The Czech National Bank (CNB) made a profit of CZK 151.4 billion in 2024, the highest in its history. The record profit was driven, among other factors, by measures implemented by the Bank Board over the past two years. In 2024, the CNB thus managed to erase another part of its accumulated loss, which had reached CZK 487 billion in 2022. At the same time, the central bank restored price stability in the country last year. Maintaining price stability is its primary objective.

    In addition to price stability, the Bank Board has focused on achieving greater efficiency and long-term sustainable profitability of the central bank over the past two years. “Our main mandate is low inflation and financial stability. In the space of two years, we reduced inflation from 17.5% to our target of 2% in February 2024,” said CNB Governor Aleš Michl. In 2024 as a whole, average inflation was 2.4%, the lowest in six years. “However, we are also looking at how to eliminate the accounting loss we inherited from the previous Bank Board. Our goal is to lay the foundations for a long-term profitable central bank for future generations,” he added.

    The CNB has taken a variety of measures to improve its profits. For example, it is gradually adjusting the composition of its international reserves, which are among the highest in the world relative to GDP. These reserves guarantee the CNB full independence in the conduct of monetary policy. However, they also make its profits very volatile, as they are held in foreign currencies and are thus sensitive to movements in the koruna’s exchange rate. The Bank Board has therefore decided to boost the potential long-term returns on the international reserves by gradually increasing the share of equity investments. At the same time, the CNB is buying gold to diversify the portfolio and make it less volatile. In 2024, this strategy, combined with favourable market conditions, delivered very solid portfolio performance, as reflected in returns totalling CZK 161 billion.

    The exchange rate also had a positive impact on last year’s profit. The koruna depreciated against the euro and the US dollar at the start of the year and remained relatively weak until December. This resulted in a foreign exchange gain of CZK 137 billion.

    Although the CNB posted its best-ever profit, its performance in the years ahead will be affected by a number of variables, such as changes in market conditions and exchange rate fluctuations. The record profit in 2024 should thus be viewed with caution. It should not be automatically assumed that the CNB will make such large profits in the coming years.

    The gradual lowering of the CNB’s key interest rate caused the cost of conducting domestic monetary policy to fall from CZK 187 billion in 2023 to CZK 145 billion in 2024. The CNB has also changed the reserve requirement parameters over the past two years. It ended the remuneration of the minimum reserves of banks and credit unions in October 2023, and it increased the reserve requirement ratio with effect from 2 January 2025. “We are reducing the cost of conducting monetary policy without compromising its effectiveness. That said, we are also looking for savings in the CNB’s operations, as we believe that public institutions should be managed efficiently as well,” Aleš Michl added.

    Thanks to a series of measures adopted by the Bank Board, operating expenses rose by just 1.3% year on year in 2024, the lowest increase in ten years. A 5% reduction in the number of employees, a streamlining of the CNB’s organisation structure and changes to internal competences contributed to a substantial slowdown in the growth of personnel costs, which rose by only 0.5% year on year. This efficiency drive made it possible to maintain solid, 4.4% growth in staff pay while keeping down growth in total operating expenses. The branch network is also currently undergoing an extensive transformation. A key part of this process is the transition to digital communication, which will soon significantly simplify and speed up services for all clients regardless of their region. It will also foster further operational savings in the future.

    Thanks in part to the positive impact of these and other measures on the CNB’s profits, the Bank Board has succeeded in reducing the CNB’s accumulated loss of previous years by CZK 210 billion over the last two years. This loss currently amounts to CZK 277 billion.

    Details on the CNB’s profit are available in the financial report and financial statements for 2024 approved by the Bank Board at its meeting on 20 March.

    The CNB is not a part of the public budgets of the Czech Republic. It is not funded by taxes and its expenses are not covered by the taxpayer.

    CNB profit/loss 2022–2024

    Year

    		 Profit/loss
    in CZK billions    		 Accumulated loss of previous years
    in CZK billions
    2022 -412 -487
    2023 +55 -429[1]
    2024 +151 -277

    Jakub Holas
    Director, CNB Communications Division

    [1] The accumulated loss for 2023 was revised due to a change in the accounting method. For details, see the CNB’s financial statements as of 31 December 2024, section 2.25.

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    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Speech by SITI at Laservall – “From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics” (English only)

    Source: Hong Kong Government special administrative region

    Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Laservall – “From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics” event today (March 31):

    Ms Lee (Korean Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong, Ms Jaeyon Lee), James (Chairman of Laservall, Mr James Kang), Andrew (Chief Executive Officer of Laservall, Mr Andrew Kim), Albert (Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation, Mr Albert Wong), distinguished guests, ladies and gentlemen,

         Good morning. It is my pleasure to stand before you today to celebrate Laservall’s global expansion in Hong Kong – a milestone that marks the company’s distinctive success achieved in developing advanced high-precision laser inter-connect solutions and automation system for advanced manufacturing.

         Founded in Hong Kong in 2003 and commencing its amazing journey at the Hong Kong Science Park in 2024, a cradle that nurtures thousands of innovation and technology (I&T) companies, Laservall has evolved into a world leader in the advanced manufacturing industry today. With its extensive clientele including some renowned global brands in the industry of smartphone camera modules, electronics and automotive, Laservall continues to expand its operations with R&D (research and development) centres and production facilities across Asia.

         We are so excited to witness Laservall’s success today, as advanced manufacturing has been a pivotal sector and significant power engine to drive the development of new industrialisation in Hong Kong.

         Following the promulgation of the Hong Kong Innovation and Technology Development Blueprint in December 2022, the Hong Kong SAR Government has been actively promoting new industrialisation through supporting the advanced manufacturing industries and encouraging the upgrading and transformation of traditional manufacturing sector through the use of I&T, with the aim of driving sustainable economic growth and creating high-quality employment opportunities.

         To bolster the development of new industrialisation, our Government has stepped up its efforts by implementing a series of supporting policies and measures. For example, the New Industrialisation Funding Scheme was enhanced to reinforce our efforts in supporting enterprises to adopt smart manufacturing. As of February 2025, the scheme had supported more than 100 new smart production lines. To extend our dedication, we launched the New Industrialisation Acceleration Scheme last year to provide funding support for enterprises engaging in industries of strategic importance. We will also earmark another $100 million for the Pilot Manufacturing and Production Line Upgrade Support Scheme to provide financial support to companies setting up smart production facilities in Hong Kong.

         Today, Laservall announces its plan of investing $300 million over the next five years and doubling the size of R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company’s commitment to innovation but also its unwavering confidence in Hong Kong’s I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong’s unique role as a “super-connector” and a “super value-adder” to strengthen its presence in the global market.

         May I once again extend my sincere congratulations to Laservall for its outstanding I&T achievement. I am confident that we will soon witness more local companies, like Laservall, stepping onto the global I&T stage and demonstrating the remarkable outcomes of Hong Kong’s R&D capabilities to the world in the near future. Thank you.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Monetary statistics for February 2025

    Source: Hong Kong Government special administrative region

    Monetary statistics for February 2025 
    Total loans and advances decreased by 0.2 per cent in February, and decreased by 0.5 per cent in the first two months of 2025. Among the total, loans for use in Hong Kong (including trade finance) and loans for use outside Hong Kong decreased by 0.2 per cent and 0.4 per cent respectively in February. The Hong Kong dollar loan-to-deposit ratio decreased to 73.5 per cent at the end of February from 75.7 per cent at the end of January, as Hong Kong dollar deposits increased while Hong Kong dollar loans decreased.
     
    Hong Kong dollar M2 and M3 both increased by 1.8 per cent in February, and both increased by 6.8 per cent when compared to a year ago. The seasonally-adjusted Hong Kong dollar M1 increased by 4.4 per cent in February and increased by 5.3 per cent compared to a year ago, reflecting in part investment-related activities. Total M2 and total M3 both increased by 0.9 per cent in February. Compared to a year earlier, total M2 and total M3 both increased by 10.4 per cent.
     
    As monthly monetary statistics are subject to volatilities due to a wide range of transient factors, such as seasonal and IPO-related funding demand as well as business and investment-related activities, caution is required when interpreting the statistics.
    Issued at HKT 16:31

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: FM to launch “NITI NCAER States Economic Forum” portal on

    Source: Government of India

    Posted On: 31 MAR 2025 11:03AM by PIB Delhi

    NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), has developed a portal which is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years (i.e 1990-91 to 2022-23). Hon’ble Finance Minister Ms. Nirmala Sitharaman will launch the “NITI NCAER States Economic Forum” portal on 1st April, 2025 in New Delhi. 

    The portal has four main components, namely: 

    1. State Reports – summarising the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, socio-economic and fiscal indicators. 

    2. Data Repository – offering direct access to the complete database categorised across five verticals viz. Demography; Economic Structure; Fiscal; Health and Education. 

    3. State Fiscal and Economic Dashboard – showcasing graphical representations of key economic variables over time and provide quick access to raw data through a data appendix or additional information through summary tables. 

    4. Research and Commentary – draws on extensive research on State finances and critical aspects of fiscal policy and financial management at the State and national levels.

    The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and will also address the ongoing need for consolidated sectoral data in one place. It will further help in benchmarking the data of each state against that of other States and the national figures. It will also provide a forum to policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.

    The portal will serve as a comprehensive research hub, offering a wealth of data and analytical tools for in-depth research studies. It will act as a central repository of information, providing access to an extensive database of social, economic, and fiscal indicators spanning the past 30 years. By leveraging historical trends and real-time analytics, users will be able to track progress, identify emerging patterns, and formulate evidence-based policies for development.

    *****

    MJPS/SR

    (Release ID: 2116968) Visitor Counter : 14

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent website related to The Hongkong and Shanghai Banking Corporation Limited

    Source: Hong Kong Government special administrative region

    Fraudulent website related to The Hongkong and Shanghai Banking Corporation Limited 
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.
    Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: OFFICIAL HANDOVER OF AGRICULTURAL AID MATERIALS BY THE CHINA-SAMOA SCATAP PROJECT

    Source:

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    KEYNOTE ADDRESS by Hon. Niuava Eti Leatiogie Malolo Funefeai, Minister of Agriculture and Fisheries (19 March 2025)

    Your Excellency Fei Mingxing, Ambassador of the Government of the People’s Republic of China in Samoa,

    Distinguished Representatives from the Government of the People’s Republic of China,

    Our SCATAP Chinese Expert Team,

    Our MAF colleagues,

    Our SCATAP Model Farmers,

    Ladies and Gentlemen,

    Talofa Lava and Warm Greetings to You All!

    It is with great pleasure that I stand before you today on this momentous occasion, the official handover of agricultural aid materials, provided through the Samoa-China Agricultural Technical Aid Project, SCATAP. The SCATAP initiative, which has been implemented by both Governments of Samoa and the People’s Republic of China for six consecutive phases now since 2010, is a testament to the strong and enduring partnership between our two Governments, in the area of agriculture and food security.

    On behalf of the Government of Samoa and the Ministry of Agriculture and Fisheries, I wish to extend our sincere gratitude to the Government of the People’s Republic of China, for their continued support in advancing agricultural development in our small island country.

    The generous assistance provided through SCATAP has played a crucial role in strengthening our local farming practices, improving productivity, and enhancing food security and nutrition for our people.

    Agriculture remains the backbone of Samoa’s economy, sustaining the livelihoods of many families in our rural communities. It is therefore important that we continue to introduce modern farming techniques, improve seed quality, and promote sustainable practices, to ensure long-term food security and nutrition, and economic resilience. Through SCATAP, we have seen remarkable progress in capacity building, technology transfer, and access to essential farming tools and resources.

    Today, as we officially receive these agricultural aid materials, we recognize the positive impact they will have on our farmers and our agricultural sector as a whole. These resources will help us increase production, improve efficiency, and create more opportunities for our farmers to thrive.

    To our farmers and stakeholders, I encourage you to use these materials in a way that maximizes its benefits, and the knowledge shared through this partnership. Let us work together to further develop Samoa’s agricultural sector, ensuring economic prosperity, and food security and nutrition for our future generations.

    In closing, I wish to again express my sincere appreciation to the Ambassador and Government Representatives of the People’s Republic of China, the dedicated SCATAP Chinese Expert Team, and all those involved in making this development partnership a success, and may it continue to grow for the desired benefits of both our countries.

    Soifua ma ia manuia!

    TUFATUFAINA ALOAIA O MEAFAIGALUEGA MO LE AU FAIFAATOAGA TAUALA MAI LE POLOKETI A LE SCATAP I LE FAIGAPA’AGA A SAMOA MA SAINA

    SAUNOAGA AUTU a le Minisita o Faatoaga ma Faigafaiva le afioga Niuava Eti Leatiogie Malolo Funefeai, (19 Mati 2025)

    Lau Afioga i le ali’i Amepasa o le Malo o Saina i Samoa nei, Your Excellency Fei Mingxing,

    Afifio sui mai le Malo o Saina,

    ‘Au faigaluega fa’apitoa a le tatou SCATAP mai Saina,

    Sui o paaga tumaoti mo atinae fa’atoaga ma faigafaiva,

    Le mamalu o le aufaifa’atoaga,

    Talofa, talofa lava.

    E muamua ona ou fa’atalofa atu i le suafa manumalo o Iesu Keriso, le Ao o le Ekalesia i lo outou paia , ma lo outou mamalu. Malo afua ailao ua maua, ua poto moli i futiafu e tasi i lo outou soifua maualuga ma le lagi e mama i lenei taeao matagofie, ina ua tatou feiloai i magafetau soifua. Vi’ia le Atua, ma ia fa’amanuina lona Suafa Paia.

    Ou te matautia fa’atulou i lenei aofia aemaise o le maimoa fa’afofoga mai a Samoa i lenei aso. E iai le manatu, o paia fa’ataotooto o Samoa ua potopoto, o le a le o’o iai se leo vaivai, aua e taliu ae popoe, ina ne’i le atoa li’o le masina, ona faitauina lea o le tautalaga. Nu’unu’u atu fa’atini o tausala. Ae tatou aumaia mamalu o le Atua e palelae’i ai lenei taeao ua tatou potopoto ai i Nu’u nei, i le Vaega o Laau Toto aua lenei fa’amoemoe taua.

    Ae o le a aga’i loa sina fa’amatalaga pu’upu’u i le auga o aute o lenei aso. Ou te tulai atu ai la ma le agaga fiafia tele i o outou luma i lenei taeao, ona o se fa’amoemoe sa fauao, faupo, sa talia lupe o maunu pe taunu’u nei fa’amanuiaga, ae fa’afetai i le Atua ua ia fa’ataunu’uina ma tu’uina mai le avanoa ma lenei laolao e fa’aleo ai ma le loto fa’afetai nei meaalofa ua foaina e le Malo tele o Saina, e tauala mai i le Poloketi o le SCATAP, lea o le a tauaaoina aloaia i lenei taeao mo le tatou Matagaluega o Fa’atoaga ma Faigafaiva, aemaise o ana paaga faifa’atoaga.

    O lenei fa’amoemoe na afua mai i taumafaiga a le tatou Malo e tauala mai i le tatou Matagaluega ina ia fa’amalosia le galulue fa’apaaga o Malo e lua (Samoa ma Saina) i le atina’e o fa’atoaga ma le si’itia o le tulaga o le mauaina pea o taumafa mo ona tagata.

    E ia te a’u le ava ma le fa’aaloalo e tatau ai e tu’uina atu ai se lagona o le agaga fa’afetai tele lava i le Malo o Saina e fai ma fofoga taumolimoli o le Malo o Samoa, ma le Matagaluega o Fa’atoaga ma Faigafaiva, e tusa ai o nei foa’i taua, e ala i mea faigaluega, atoa ma le lasi o mea ua taua’aoina i lenei aso.

    Fa’afetai tele mo le lagolago o lo’o fa’aauauina pea e ala i atina’e eseese ma metotia fou ua fa’asoa mai aua le si’itia o tomai ma agava’a o le mamalu o le aufaifa’atoaga ma le Matagaluega, ina ia si’itia ai le tamaoaiga o le tatou atunu’u e ala i atina’e o fa’atoaga.

    E tumau pea le avea o atinae o fa’atoaga ma ivitu malosi o le tamaoaiga o Samoa, lea o lo’o ola fa’alagolago iai aiga uma aua tupe maua ma le tausia o le ola manuia o tagata taitoatasi.

    O le fa’asoa mai o tomai ma agava’a fa’anei ona po i le faiga o fa’atoaga, o metotia eseese, ituaiga fatu laau eseese, seia o’o lava i ituaiga faiga o fa’atoaga e mautinoa le fa’aauauina pea ina ia maua pea taumafa, ma e mafai ona pulea gafataulimaina ma tali atu i suiga o le tau.

    O nisi o vaega taua o lenei poloketi ua afua ai nei foai e ala i mea faigaluega, ina ia fa’aoga tatau, e aofia ai le si’itia lea o tomai ma agava’a o le aufaigaluega ma le aufaifa’atoaga e pei o a’oa’oga ma polokalame fefa’asoaa’i, aemaise ai o le fa’aogaina o mea faigaluega talafeagai mo le fa’afaigofieina o le fa’atinoina o atinae o fa’atoaga.

    O le asō, ua tatou molimauina nei foai taua ma le aoga, o le a saga fa’amausali ai le aoga mo le atina’e o fa’atoaga a le mamalu o le aufaifa’atoaga, sosaiete, aemaise o pa’aga tumaoti. E talitonu o le a fesoasoaini tele nei meafaigaluega i le si’itia o fua o fa’atoaga ma atina’e, aemaise o le a tele avanoa mo le aufaifa’atoaga latou te agava’a ai i nei fa’amanuiaga.

    Mo le aufaifa’atoaga ma pa’aga uma a le tatou Matagaluega i lenei taeao, o le tu’ualalo ma le fa’amalosiau mo lo outou mamalu, ia fa’aoga lelei nei foai ma tomai ua fa’asoaina mai e nei sui o le Malo o Saina. Ia tatou galulue fa’atasi mo se Samoa manuia ina ia mau le atunu’u i taumafa aua fanau lalovaoa.

    O le a le fa’amatafauloaina se fa’amatalaga, e toe momoli atu le agaga fa’afetai tele lava i le aumalaga mai le Malo o Saina i lana Afioga i le ta’ita’i malaga, aemaise le amepasa o le Malo Saina o lo’o i’inei Samoa, fa’apea le aufaigaluega a le SCATAP, fa’atasi ai ma i latou uma sa tofu sao mo lenei taumafaiga. Ia tumau pea le galulue fa’atasi, ma ia fa’aauauina pea lenei faigapaaga i le va o Malo e lua aua le manuia o ona tagata.

    Soifua ma ia manuia.

    Ata Pueina – Malo o Samoa (Leaosa Faaifo Faaifo)

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  • MIL-OSI Asia-Pac: English rendering of PM’s speech at the launch of various development works in Bilaspur, Chhattisgarh

    Source: Government of India

    Posted On: 30 MAR 2025 6:05PM by PIB Delhi

    Bharat Mata Ki Jai!

    Bharat Mata Ki Jai!

    Bharat Mata Ki Jai!

    Chhattisgarh Mahtari Ki Jai! (Hail Chhattisgarh!)

    Ratanpur Wali Mata Mahamaya Ki Jai!

    Karma Maya Ki Jai! Baba Guru Ghasidas Ki Jai!

    (Addressing the gathering in local language)

    Jai Johar from the bottom of my heart!

    Governor of Chhattisgarh, Shri Ramen Deka ji; the popular and dynamic Chief Minister of the state, Shri Vishnudeo Sai ji; my esteemed colleague in the Union Cabinet, Manohar Lal ji; the Member of Parliament from this region and Union Minister, Tokhan Sahu ji; Speaker of the Chhattisgarh Legislative Assembly and my dear friend, Raman Singh ji; Deputy Chief Minister, Vijay Sharma ji; Arun Sahu ji; all the ministers, MPs, and MLAs of the Chhattisgarh Government; and my brothers and sisters who have gathered here from far and wide!

    Today marks the beginning of the New Year. It is also the first day of Navratri, and this land is blessed as the abode of Mata Mahamaya. Chhattisgarh is the paternal home of Mata Kaushalya. In this sacred context, these nine days, dedicated to divine feminine energy, hold special significance for Chhattisgarh. I consider myself truly fortunate to be here on the very first day of Navratri. Only a few days ago, a postage stamp was issued in honour of Bhakta Shiromani Mata Karma, and I extend my heartfelt congratulations to all of you on this occasion.

    Friends,

    The festival of Navratri will culminate with the grand celebration of Ram Navami, and Chhattisgarh’s devotion to Lord Ram is truly remarkable. Our Ramnami Samaj (a sect) has devoted itself entirely to the divine name of Lord Ram. I extend my warmest wishes to the people of Lord Ram’s maternal land and to all of you, my friends. Jai Shri Ram!

    Friends,

    On this auspicious day, with the blessings of Mohbhatta Swayambhu Shivling Mahadev, I have been given the opportunity to further accelerate the development of Chhattisgarh. Just a short while ago, we laid the foundation stone and inaugurated projects worth more than Rs 33,700 crore. These projects encompass housing for the underprivileged, schools, roads, railways, electricity, and gas pipelines—initiatives that will significantly enhance the quality of life for the people of Chhattisgarh. They will also generate new employment opportunities for the youth. My heartfelt congratulations to all of you on these important developmental projects.

    Friends,

    In our tradition, providing shelter to someone is considered a great virtue. But what could bring greater joy than the fulfilment of a person’s dream of owning a home? Today, on this auspicious occasion of Navratri and the New Year, three lakh underprivileged families in Chhattisgarh are moving into their new homes. A short while ago, I had the opportunity to meet three beneficiaries, and I could see the immense joy on their faces. One of the women was so overwhelmed with happiness that she could hardly contain her emotions. I extend my heartfelt best wishes to all these families—three lakh families—on this new chapter of their lives. The possibility of a secure roof over the heads of these poor families has become a reality only because of all of you. I say this because you placed your trust in Modi’s guarantee. Under the previous government, the dream of a pucca house for lakhs of families in Chhattisgarh remained buried in files. We had assured you that our government would turn this dream into reality. That is why, as soon as Vishnudeo ji’s government was formed, the very first cabinet decision was to construct 18 lakh houses. Today, three lakh of those homes have been completed. I am particularly pleased that many of these houses have been built in tribal regions. Numerous families from Bastar and Surguja now have pucca houses. One can truly appreciate the significance of this for families whose generations have endured hardship in makeshift huts. For those who may not fully grasp the magnitude of this change, let me put it into perspective. Imagine you are on a long journey by train or bus, standing the entire way because you cannot find a seat. The moment you secure a seat, the relief and joy you feel are immense, aren’t they? Now, imagine families who have spent their entire lives in slums or huts. Today, as they move into pucca houses, their joy knows no bounds. When I see this transformation, it fills me with new energy and strengthens my resolve to work tirelessly for my fellow countrymen.

    Friends,

    While the government has provided assistance in constructing these homes, the decision on how each house is built rests with the beneficiaries themselves—not the government. These are the homes of your dreams, and our government does not just build houses; it strives to enrich the lives of those who live in them. Efforts have been made to equip these homes with essential amenities, including toilets, electricity, Ujjwala gas connections, and tap water. I can see that a large number of mothers and sisters are present here today. Most of these pucca houses have been registered in the names of our women. Thousands of sisters have, for the first time, had a property legally registered in their name. My dear mothers and sisters, the happiness on your faces and your heartfelt blessings are my greatest asset.

    Friends,

    When such a vast number of houses are built—lakhs of them—it leads to another significant development. Consider this: who constructs these houses? Where do the materials used in their construction come from? These materials are not sourced from Delhi or Mumbai; rather, they come from local markets. The large-scale construction of houses provides employment to our masons, skilled workers such as Rani Mistris (queen/head masons), and labourers in villages. It also benefits local small shopkeepers who supply construction materials. Additionally, those who transport these goods in trucks and other vehicles gain employment opportunities. In this way, the construction of lakhs of homes has not only provided shelter but also generated widespread employment across Chhattisgarh.

    Friends,

    The BJP government is steadfastly fulfilling every promise made to the people of Chhattisgarh. The Chief Minister just mentioned that elections for local self-governance institutions were recently held—the three-tier elections—and the overwhelming support you have shown is truly commendable. As I stand before you today, I take this opportunity to express my heartfelt gratitude for your trust and blessings.

    Friends,

    A large number of beneficiaries of various government schemes have gathered here today. You have personally witnessed how swiftly our government is honouring its commitments. We have fulfilled our promise to the women of Chhattisgarh. Paddy farmers have received the bonuses due for two years, and paddy has been procured at an increased Minimum Support Price (MSP). As a result, lakhs of farming families have collectively received thousands of crores of rupees. Under the previous Congress government, recruitment examinations were plagued by widespread corruption. The BJP government has ordered a thorough investigation into these examination scams. Moreover, we are now ensuring that recruitment exams are conducted with complete transparency. These honest efforts have strengthened public confidence in the BJP. Following the Assembly and Lok Sabha elections, the BJP has now triumphed in the civic elections as well, with its flag flying high across Chhattisgarh. The people of this state are wholeheartedly supporting the BJP government’s vision and initiatives.

    Friends,

    Chhattisgarh has now completed 25 years as a state, marking its silver jubilee year. Coincidentally, this year also commemorates the centenary of Atal Ji. In honour of his legacy, the Chhattisgarh government is celebrating 2025 as Atal Nirman Varsh. Our commitment is clear—we have built it, and we will make it even better. Every infrastructure project inaugurated or initiated today is a testament to this resolution.

    Friends,

    Chhattisgarh was created as a separate state to ensure that the benefits of development reached its people. However, under Congress rule, development remained stagnant, and wherever work was undertaken, corruption followed. The Congress party has never truly cared for your well-being. But we have. We have prioritised your lives, your comfort, and your children’s future. Our government is taking development initiatives to every village in Chhattisgarh. I have noticed a young girl here holding up a painting for quite some time. I request the security personnel to take note of her name and address. Daughter, I will send you a letter. Someone please collect it and ensure it reaches me. Thank you, dear child. Thank you very much. Today, you can see the transformation taking place—good roads are now reaching even the most remote tribal areas. For the first time, trains are connecting new regions, and I have just flagged off a new service here. Electricity is reaching these places for the first time, piped water supply is becoming a reality, and mobile towers are being installed in areas that never had connectivity before. New schools, colleges, and hospitals are being built. Chhattisgarh’s landscape is changing, and with it, its destiny is being rewritten.

    Friends,

    Chhattisgarh has now joined the ranks of states where 100% of the railway network operates on electricity—a remarkable achievement. Currently, railway projects worth approximately Rs 40,000 crore are underway in Chhattisgarh. Additionally, this year’s budget has allocated Rs 7,000 crore specifically for the state’s railway infrastructure. These developments will significantly enhance rail connectivity across various regions of Chhattisgarh while also improving links with neighbouring states.

    Friends,

    Along with financial resources, good intentions are essential for development. If there is dishonesty in both thought and action—like we witnessed under Congress rule—then even the largest treasury will be drained. We have seen this happen during Congress’s tenure, where corruption and mismanagement prevented development from reaching tribal areas. Take coal as an example—Chhattisgarh is rich in coal reserves, yet the state struggled to get enough electricity to meet its needs. Under Congress rule, the power sector remained neglected, and little effort was made to develop power plants. In contrast, our government is now actively setting up new power plants to ensure a reliable energy supply.

    Friends,

    We are also making significant efforts to generate electricity from solar energy. Let me introduce you to a remarkable scheme initiated by Modi—a scheme that will eliminate your electricity bill and even allow you to earn money by generating electricity at home. This initiative is called the PM Surya Ghar Muft Bijli Yojana. Under this scheme, our government is providing financial assistance of Rs 70,000–80,000 per household for installing solar panels. Here in Chhattisgarh, more than two lakh families have already registered for this scheme. I encourage you all to join as well and reap its benefits.

    Friends,

    Another example of good governance and vision is the development of gas pipelines. Chhattisgarh, being a landlocked state, is far from the sea, making gas supply a significant challenge. The previous government failed to invest adequately in gas infrastructure, leaving the state dependent on costly transportation methods. We are now addressing this issue head-on. Our government is actively laying gas pipelines in Chhattisgarh, reducing the reliance on transporting petroleum products by trucks. This will lead to lower prices for fuel and energy-related products. Additionally, the introduction of gas pipelines will enable vehicles to run on CNG, providing a cleaner and more affordable alternative. Moreover, this initiative will bring piped cooking gas directly to homes. Just as water flows to the kitchen through pipes, gas will now be supplied in the same way. We are currently working towards connecting over two lakh homes with direct piped gas supply. Beyond household benefits, the availability of gas will pave the way for new industries in Chhattisgarh. This, in turn, will create thousands of new job opportunities.

    Friends,

    In past decades, Congress’s policies fuelled the spread of Naxalism across several states, including Chhattisgarh. Wherever there was scarcity and lack of development, Naxalism took root and flourished. But what did the party that ruled for 60 years do? Instead of addressing the challenges, it simply declared such districts as backward and turned away from its responsibilities. As a result, entire generations of our youth were lost. Many mothers had to endure the heart-wrenching loss of their sons, and countless sisters were left grieving for their brothers.

    Friends,

    The indifference shown by those past governments only aggravated the crisis. You have witnessed first-hand how some of the most underprivileged tribal families were left struggling in various districts of Chhattisgarh. The Congress government never cared for them. We did. We ensured that poor tribal families had proper sanitation by launching the Swachh Bharat Abhiyan. We prioritised their healthcare needs by introducing Ayushman Bharat Yojana, providing free treatment of up to Rs 5 lakh. We made essential medicines affordable through PM Jan Aushadhi Kendras, where medicines are available at an 80% discount.

    Friends,

    Those who claim to be the champions of social justice were the very ones who ignored the tribal community for decades. This is why I say: Modi stands for those whom no one else cares for. We are actively working towards the upliftment of the tribal society through special initiatives. One such programme is the Dharti Aaba Janjati Utkarsh Abhiyan, under which Rs 80,000 crore is being invested in tribal development. This initiative is benefiting nearly 7,000 tribal villages in Chhattisgarh alone. Additionally, we recognise that within the tribal community, there exist extremely backward groups that need special attention. For the first time ever, our government has introduced the PM Janman Yojana, specifically designed for these communities. Under this scheme, development work is underway in more than 2,000 settlements across 18 districts of Chhattisgarh. Nationwide, 5,000 kilometres of roads have been approved in tribal settlements—half of these, approximately 2,500 kilometres, will be constructed in Chhattisgarh itself under the PM Janman Yojana. Moreover, many families present here today have received pucca houses through this scheme. This is the transformation we are bringing—development that reaches every doorstep.

    Friends,

    Today, under the double-engine government, Chhattisgarh is witnessing rapid transformation. When a health centre in Sukma district receives a national quality certificate, it instils a sense of confidence. When a health centre in Dantewada resumes operations after years of inactivity, it brings renewed optimism. These efforts are paving the way for a new era of lasting peace in Naxal-affected areas. In December’s Mann Ki Baat broadcast, I spoke about the Bastar Olympics. You may have heard how thousands of young people enthusiastically took part in the event. Their participation is clear proof of the positive change unfolding in Chhattisgarh.

    Friends,

    I can see a bright future for the youth of Chhattisgarh. The state’s implementation of the New Education Policy is commendable. Across the country, more than 12,000 modern PM Shri Schools have been established, with approximately 350 located in Chhattisgarh. These institutions will serve as model schools, elevating the entire education system of the state. Additionally, Eklavya Model Schools are already making remarkable progress in Chhattisgarh. Many schools in Naxal-affected areas have also been reopened, providing children with new opportunities for learning. Today, the Vidya Samiksha Kendra has also been launched in Chhattisgarh, marking another significant milestone in the state’s education sector. This initiative will enhance the quality of education, enabling real-time assistance for both teachers and students in classrooms.

    Friends,

    We have honoured yet another promise made to you. Under the new National Education Policy, medical and engineering studies have now commenced

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security – B10-0211/2025

    Source: European Parliament

    Hilde Vautmans, Abir Al‑Sahlani, Dan Barna, Urmas Paet, Yvan Verougstraete
    on behalf of the Renew Group

    B10‑0211/2025

    European Parliament resolution on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security

    (2025/2612(RSP))

    The European Parliament,

    – having regard to previous resolutions on the Democratic Republic of Congo (DRC), in particular its resolution of 13 February 2025 on the escalation of violence in the eastern Democratic Republic of the Congo[1],

    – having regard to Rule 136(2) of its Rules of Procedure,

    A. whereas the situation in the eastern DRC continues to deteriorate significantly, with escalating violence, persistent violations of human rights by armed groups, mass displacement, attacks on civilians and alarming humanitarian conditions;

    B. whereas on 18 March 2025 Presidents Félix Tshisekedi of the DRC and Paul Kagame of Rwanda agreed on an immediate and unconditional ceasefire in their first face-to-face meeting in over a year, facilitated by Qatari mediators in Doha;

    C. whereas the armed group M23, backed by Rwanda, has intensified attacks in North Kivu, and on 19 March 2025 it seized the mineral-rich town of Walikale, defying the ceasefire;

    D. whereas over 7 million people are currently displaced because of ongoing conflicts, with limited access to food, water, healthcare and essential services;

    E. whereas there has been an alarming increase in targeted attacks against civilians, including, but not limited to, Christians, particularly in the North Kivu and Ituri provinces, perpetrated by extremist groups; whereas these attacks, including church bombings, killings and abductions, undermine religious freedom and exacerbate intercommunal tensions; whereas the right to freedom of religion and belief is a fundamental human right and must be protected given the high level of violence and persecution;

    F. whereas women and girls in the DRC face increased levels of sexual and gender-based violence, resulting in there being one victim of rape every four minutes; whereas the staff of Panzi Hospital in Bukavu, which receives many survivors of sexual violence, is alarmed about the deteriorating security situation in the area and about the security of the staff and patients in Panzi Hospital itself;

    G. whereas the illegal exploitation of mineral resources continues to fuel conflict in the region, necessitating stronger international oversight and responsible sourcing policies;

    H. whereas in February 2025, DRC President Felix Tshisekedi proposed a deal to US President Donald Trump, in which he seeks military support against M23 rebels in exchange for access to the DRC’s vast mineral resources;

    I. whereas the EU has committed to supporting stability in the DRC through diplomatic engagement, financial assistance and targeted sanctions against individuals responsible for violence and human rights abuses;

    J. whereas on 17 March 2025, the EU imposed sanctions on nine individuals and one entity responsible for acts that constitute serious human rights violations and abuses in the DRC, but further diplomatic and economic measures may be necessary;

    K. whereas the Council renewed the EU’s financial support for the deployment of Rwandan Defence Force (RDF) troops in Mozambique under the European Peace Facility (EPF); whereas the head of these forces was previously deployed in the eastern DRC to support abuses committed by M23, giving rise to serious doubt as to whether there are sufficient safeguards attached to EPF support, including effective vetting and other human rights requirements;

    1. Expresses deep concern over the worsening security and humanitarian crisis in the eastern DRC;

    2. Strongly condemns the occupation of Goma and other territories in the eastern DRC by M23 and the RDF as an unacceptable breach of the DRC’s sovereignty and territorial integrity; urges the Rwandan Government to withdraw its troops from DRC territory, the presence of whom is a clear violation of international law and the UN Charter, and cease cooperation with the M23 rebels; demands that Rwanda and all other potential state actors in the region cease their support for M23;

    3. Calls for an immediate and effective ceasefire, and for the full implementation of diplomatic agreements, including the Luanda and Nairobi peace processes;

    4. Is appalled by the shocking use of sexual violence against women and girls as a tool of repression and a weapon of war in the eastern DRC, and by the unacceptable recruitment of child soldiers by the various rebel groups; demands that these matters be addressed by the international community without delay; reiterates strongly that any attack against UN-mandated forces is inexcusable and might be considered a war crime;

    5. Calls for an immediate end to the violence, particularly the mass killings and the use of rape as a strategic weapon of war; calls on the DRC and Rwanda to investigate and appropriately prosecute those responsible for war crimes, including targeted attacks against Christian and all other religious communities and places of worship;

    6. Calls on the DRC Government to implement security sector reforms, intensify its efforts to prevent further atrocities against civilians and end its support for and collaboration with abusive armed groups, including ensuring the full protection of religious communities and their places of worship; urges the DRC Government to ensure accountability for human rights violations and prosecute those responsible for attacks; urges the DRC Government to address and prevent hate speech and incitement, including the involvement of officials in such acts, and hate-motivated acts of violence or intimidation;

    7. Calls on the Commission and the Member States to increase humanitarian aid to address the urgent needs of displaced persons and vulnerable communities in the DRC, ensuring safe access to food, medical care and shelter;

    8. Supports the imposition of further targeted EU sanctions against individuals and entities responsible for financing or engaging in violence, human rights abuses and resource exploitation; calls on the Council to implement and expand these sanctions by targeting all responsible entities and individuals, including Major General Emmy K. Ruvusha, Commander of the Rwanda Security Forces, identified in the June 2023 report of the UN Group of Experts;

    9. Calls for stricter enforcement of EU regulations on conflict minerals to prevent illicit trade from fuelling armed groups in the DRC; calls once again on the Commission to suspend the Memorandum of Understanding with Rwanda and to suspend its support for all projects associated with the Rwanda Mines, Petroleum and Gas Board, as such projects could lead to direct or indirect support for human rights violations in the eastern DRC; requests that the Commission share detailed mapping of current projects with Rwandan authorities and its assessment of whether they may contribute to or fail to address human rights violations either inside Rwanda or in the DRC;

    10. Calls on the Commission and the European External Action Service to intensify diplomatic efforts by working closely with regional partners, including the African Union, the East African Community and the United Nations, in order to step up diplomatic efforts to achieve a sustainable resolution to the conflict;

    11. Expresses concern over reports of foreign interference exacerbating the conflict and calls for an independent investigation into allegations of external support for armed groups;

    12. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Governments and Parliaments of Rwanda and the Democratic Republic of Congo, the African Union and other relevant international bodies.

     

     

    MIL OSI Europe News –

  • MIL-OSI Europe: MOTION FOR A RESOLUTION on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security – B10-0215/2025

    Source: European Parliament

    Lukas Mandl, David McAllister, Andrzej Halicki, Michael Gahler, Sebastião Bugalho, Željana Zovko, François‑Xavier Bellamy, Christophe Gomart, Ingeborg Ter Laak, Andrey Kovatchev, Miriam Lexmann, Rasa Juknevičienė, Antonio López‑Istúriz White
    on behalf of the PPE Group

    B10‑0215/2025

    European Parliament resolution on the targeted attacks against Christians in the Democratic Republic of the Congo: defending religious freedom and security

    (2025/2612(RSP))

    The European Parliament,

    – having regard to its previous resolutions on the Democratic Republic of the Congo (DRC),

    – having regard to Rule 136(2) of its Rules of Procedure,
     

    A. whereas the Allied Democratic Forces (ADF), affiliated to the Islamic State’s Central Africa Province, have been linked to an attack on the village of Mukondi, in the eastern DRC, in which, according to local authorities, at least 44 civilians were killed; whereas the group claimed 48 attacks in December 2024 alone, killing over 200 people;

    B. whereas the ADF has a long history of committing terrorist attacks in the eastern DRC; whereas the Congolese Catholic Church claims that the ADF is responsible for the deaths of around 6 000 civilians in Beni between 2013 and 2021 and more than 2 000 in Bunia in 2020 alone; whereas between January and June 2024, 639 Christians were killed in the DRC by jihadists and half of them beheaded; whereas many of these attacks directly target the Christian population of these regions; whereas Christians in particular have been deliberately targeted by various extremist or jihadist groups for many years; whereas the Catholic bishops of the DRC spoke out in an April 2021 statement about the threat of the ‘Islamization of the region [North Kivu] as a sort of deeper strategy for a long-term negative influence on the general political situation of the country’;

    C. whereas the ADF officially pledged allegiance to the Islamic State group (ISIS) on 7 November 2019; whereas the UN Group of Experts on the DRC warned in May 2024 that the armed group had established strong networks in prisons, particularly in Kinshasa where ADF detainees were active in recruiting and mobilising combatants and collaborators, using not only ideological means, but also coercion, deception, abduction and financial incentives to attract members and collaborators; whereas the ADF’s attacks need to be seen in the wider African context of a rise in the number of Islamist groups, in particular those affiliated to ISIS, in the Sahel region, the Horn of Africa, Mozambique, Nigeria and the DRC; whereas the ADF has been designated a terrorist group by Uganda and the United States;

    D. whereas the Armed Forces of the DRC have been conducting a joint military offensive, operation Shujaa, with the Ugandan People’s Defence Forces against the ADF and other insurgent forces in the eastern DRC since November 2021; whereas the conflict between the government and M23 rebels could lead to a decrease in the funds, personnel and equipment being allocated to this counter-terrorism operation;

    E. whereas the region has been plagued by decades of cyclical violence, causing a security and humanitarian crisis and leading to the further destabilisation of the country; whereas the conflict between the Government of the DRC, the armed rebel group M23 and other militias has already led to the forceful internal displacement of 4.6 million people in the eastern DRC; whereas the DRC also hosts over 520 000 refugees and asylum seekers from neighbouring countries, while 1.1 million refugees from the DRC are being hosted in neighbouring countries of the region, more than half of them in Uganda;

    F. whereas North Kivu is a resource-rich region, with vast supplies of critical raw materials, including cobalt, gold and tin, which are necessary for the global digital and energy transitions; whereas it is known that the ADF has been relying on, among other sources of financing, the illegal exploitation of these resources to fund their activities; whereas Christians face difficulties and violent attacks from Islamist militants, particularly in the North Kivu province;

    G. whereas the DRC is ranked 35th in the World Watch List and has even risen six places in recent years, with 2024 seeing an escalation in attacks against Christians by the ADF;

    H. whereas owing to the absence of specific laws to protect Christians, Christian women and girls are especially vulnerable to domestic violence, forced marriages, abduction, rape, trafficking and sexual slavery;

    1. Condemns in the strongest terms the terrorist attacks and targeted massacre of Christians carried out by the ADF in the eastern DRC; expresses its solidarity with the families of the victims and with Christian communities;

    2. Strongly condemns the ADF and other rebel groups, such as M23, and their egregious human rights abuses, which amount to crimes against humanity in accordance with the Rome Statute of the International Criminal Court (ICC); is extremely concerned about this terrorist group’s deliberate targeting of Christians; underlines the fact that there must be no impunity for the perpetrators of these acts and that those responsible should be referred to the ICC; encourages the establishment of an international commission of inquiry to examine the human rights violations committed in the DRC, renewed investigations in North Kivu by the ICC’s Office of the Prosecutor and the creation of a special tribunal for atrocity crimes in the DRC, including crimes committed against Christian communities; backs the efforts of the National Episcopal Conference of Congo and the Church of Christ in Congo, which launched the ‘Social pact for peace and coexistence in the Democratic Republic of Congo and the Great Lakes Region’ with the aim of restoring peace in the country’s eastern provinces;

    3. Supports the international efforts against the ADF, including the Shujaa counter-terrorism operation carried out jointly by DRC and Ugandan armed forces; encourages the EU Member States to consider ways of contributing to these efforts, including increased efforts to trace and interdict ISIS secret funds held overseas and to trace any raw materials stemming from their illegal exploitation by the ADF; calls for the EU to support the necessary capacity building and expertise to combat ADF ideology and rhetoric, particularly within the Muslim communities of both Uganda and Congo, to prevent recruitment among those communities; requests the application of the EU global human rights sanctions regime to those responsible for planning, ordering or participating in the killing of Christians in the DRC;

    4. Reiterates its full support for the United Nations Organization Stabilization Mission in the DRC (MONUSCO) in protecting civilians and stabilising the region; urges the EU to cooperate with all actors on the ground, in particular MONUSCO, to ensure the protection of civilians in the eastern DRC; calls on the UN to work towards a stronger mandate for MONUSCO in order to enable peacemaking; calls on the UN to ensure the protection of civilians and respect for international humanitarian law;

    5. Confirms its commitment to freedom of thought, conscience and religion as a fundamental human right guaranteed by international legal instruments to which most of the world’s countries have committed, and as a right that is recognised as having universal value and is enshrined in the Congolese constitution;

    6. Instructs its President to forward this resolution to the Council, the Commission, the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Government and Parliament of the Democratic Republic of the Congo, the African Union, the secretariats of the United Nations Organization Stabilization Mission in the Democratic Republic of the Congo, the Southern African Development Community and the East African Community, and other relevant international bodies.

     

    MIL OSI Europe News –

  • MIL-OSI Europe: The European Supervisory Authorities publish evaluation report on the Securitisation Regulation

    Source: European Banking Authority

    The Joint Committee (JC) of the European Supervisory Authorities (ESAs) has today published its evaluation report on the functioning of the EU Securitisation Regulation (SECR). The report puts forward recommendations to strengthen the overall effectiveness of Europe’s securitisation framework through simplification, while ensuring a high level of protection for investors and safeguarding financial stability.

    This report identifies areas where the regulatory and supervisory framework can be enhanced, supporting the growth of robust and sound securitisation markets in Europe.

    Key recommendations

    Clarifying the scope of the Securitisation Regulation

    The ESAs recommend specifying that the application of SECR is triggered where at least one party to the securitisation — whether on the sell-side or buy-side — is established in the European Union. This aims to ensure legal certainty and consistent supervision.

    Broadening the definition of public securitisation

    The report proposes reviewing the definition of public securitisation to include transactions where securities are:

    • Issued with a prospectus approved under the EU Prospectus Regulation; or

    • Admitted to trading on EU-regulated markets or multilateral trading facilities (MTFs); or

    • Marketed broadly with non-negotiable terms and subject to a market test requiring EU originators or sponsors to demonstrate that transactions are not offered to an undefined public.

    Introducing proportionality in due diligence requirements

    The report calls for more proportionate and practical due diligence requirements, enabling institutional investors to receive data in formats that support meaningful risk assessment, along with commitments from sell-side parties to provide ongoing information throughout the life of the transaction.

    Simplifying transparency and reporting requirements

    Recommendations include streamlining reporting templates for public securitisations, improving data standardisation and introducing flexibility to use aggregated or stratified data for certain asset classes. The report also suggests targeted exemptions to reduce compliance burdens for small and medium-sized reporting entities.

    Targeted changes to the STS framework

    The report proposes focused adjustments to improve the efficiency of the Simple, Transparent, and Standardised (STS) framework, particularly in relation to on-balance-sheet (OBS) securitisations introduced under the Capital Markets Recovery Package (CMRP).

    Clarifying risk retention rules

    Clearer guidance on risk retention is recommended to reduce interpretation challenges, particularly for Collateralised Loan Obligations (CLOs) and including the term “predominant source of revenues”.

    Promoting greater supervisory consistency across Europe

    The need for stronger supervisory convergence is highlighted to prevent fragmentation and ensure consistent application across Member States. In the short term, this could be achieved through stronger coordination at the ESAs Joint Committee Securitisation Committee. In the longer term, the ESAs suggest exploring more consolidated European supervisory arrangements, especially for cross-border transactions.

    Next steps

    These recommendations will feed into the European Commission’s legislative review of the securitisation legislative framework, contributing to the development of well-functioning, resilient and transparent securitisation markets across the European Union.

    MIL OSI Europe News –

  • MIL-OSI Security: Flying Squad officers uncover Post Office armed robbery plot

    Source: United Kingdom London Metropolitan Police

    Met detectives used DNA and CCTV to identify a man who staged an armed robbery at a Post Office after he cut himself while making his escape from the scene.

    Rajvinder Khalon was one of five members of the same family who were involved in the plot which resulted in around £136,000 being stolen from the branch in Hounslow.

    As he fled the scene, he cut himself while climbing over a metal fence, and detectives used this evidence, as well as a huge amount of CCTV and phone data to identify those involved and take them to court.

    At around 18:30hrs on 1 April 2024 the Met responded to reports of an armed robbery at the Post Office in Brabazon Road.

    Two women working at the branch, who were later found to be part of the conspiracy, told officers they were threatened by a man with a gun who stole £50,000, as well as the branch’s CCTV system.

    An audit by the Post Office found the actual amount of money missing from the store was around £136,000.

    Detectives from the Met’s Flying Squad took on the investigation and trawled through CCTV from the area around the shop to identify the suspect. They tracked him to a nearby car which was registered to Kahlon. His DNA was also found on the fence.

    Analysis of his phone showed he was in regular contact with a man called Sukhvir Dhillon. Further checks revealed Dhillon was the owner of the branch and the store it was attached to. He is also Kahlon’s cousin.

    Through diligently piecing together contact between the pair ahead of the incident, it became clear the robbery was staged to steal money from the store.

    Three more family members, Ramandeep Dhillon and Sunaver Dhillon , who were the two people working in the shop at the time and provided the first account to police, and Mandeep Gill, were also found to have been aware of the plans.

    Detective Chief Inspector Scott Mather, from the Met’s Flying Squad, said:

    “This was a complex investigation which involved piecing together a large amount of CCTV, phone and financial data, and DNA evidence.

    “The group had taken steps to cover their tracks but we were still able to identify those involved and I’m pleased our work resulted in them being brought to justice.”

    Conviction details

    Rajvinder Khalon, 41 (25.05.82) of Great West Road, Hounslow and Sukhvir Dhillon, 38 (09.07.86), Ramandeep Dhillon, 40 (03.01.85), Sunaver Dhillon, 67 (23.07.56), all of Lyne Road, Virginia Water, were found guilty at Isleworth Crown Court on Wednesday, 27 March of conspiracy to pervert the course of justice, conspiracy to money launder, and conspiracy to steal from the Post Office.

    Mandeep Gill, 45 (14.02.1980), also of Lyne Road, Virginia Water, was found guilty of conspiracy to pervert the course of justice, conspiracy to money launder.

    They will be sentenced at the same court on Friday, 6 June.

    MIL Security OSI –

  • MIL-OSI Submissions: Geopolitical Risks and Trade Conflicts: How Resilient is the Swiss Economy? – KOF

    Source: KOF Economic Institute

    Since the new U.S. administration took office, geopolitical risks and international trade conflicts have significantly intensified. KOF has examined the risks and possible consequences for the Swiss economy. The findings show: trade conflicts can lead to declines in Swiss gross domestic product (GDP), ranging from fractions of a percent to over one percent per year on a sustained basis. In the case of severe and prolonged trade conflicts, the economy could fall into a recession.

    In their KOF Working Paper “Resilience of Small Open Economies to Geopolitical Shocks: The Case of Switzerland,” Hans Gersbach, Paul Maxence Maunoir, and Kieran James Walsh examine various scenarios concerning the risks to the Swiss economy arising from trade conflicts and its consequences. “The Swiss economy is both resilient and vulnerable,” summarizes Hans Gersbach, Co-Director of KOF Swiss Economic Institute, reflecting on the study’s findings.

    Although the Swiss economy is relatively resilient to the effects of geopolitical shocks, it is also quite vulnerable in the event of intense and prolonged trade conflicts. In such cases, permanent losses of around one percent of GDP per year are possible. In some scenarios, additional effects (so-called “second-layer” effects) can further amplify these losses. If severe trade conflicts were to arise between the U.S., Mexico, and Canada, as well as between the U.S. and Europe, there would be a clear risk of recession for several countries, including Switzerland.

    Two-Stage Process for Analysis

    To examine the resilience of the Swiss economy, the authors employed a two-step approach. The impact of geopolitical disruptions on international trade in goods and services for Switzerland and other countries is analyzed using the new “KOF Trade Model”. This model is a modern quantitative general equilibrium model of global trade networks. It captures the effects of relative price and demand changes resulting from tariffs, how companies respond in their production of goods and services, and feedback effects on all market participants.

    However, a number of further effects—such as downward amplification, structural changes in investment activity, further nominal exchange rate fluctuations, or product-specific supply chain disruptions—are not included in the model. Depending on the scenario, these second-layer effects may have minor, significant, or major implications. They must therefore be considered for a comprehensive assessment.

    In (Almost) All Scenarios, the Economy Suffers Losses

    The Swiss economy is particularly vulnerable if the U.S. administration imposes tariffs on imports from all countries, including key sectors of the Swiss economy. These sectors would include the pharmaceutical industry, mechanical engineering, and precision instruments for instance. If this scenario were to occur, the Swiss economy would be the most affected of all countries on the European mainland. If the European Union (EU) responded to broad U.S. import tariffs with comprehensive countermeasures, also against Switzerland, significant losses could arise—potentially exceeding 1% of GDP.

    However, in both scenarios, the economies of the U.S. and major countries in the EU would suffer similarly or even more. Therefore, such comprehensive tariff wars are difficult for these countries to sustain in the long term and are not considered the most likely scenario. Should critical raw materials or computer chips become unavailable due to geopolitical tensions, or if there were a rapid policy-driven decoupling between a Western sphere (including Switzerland) and a sphere centered around China, major disruptions would be expected. Such a decoupling could even lead to a global economic crisis.

    Conclusion

    Our results provide a foundation for discussion on how the economic resilience of Switzerland can be strengthened and what role the state should play in this process. Key policy levers include free trade agreements to promote diversification and risk mitigation, conditions to ensure supply security, and the government’s contribution to a resilient innovation system.

    MIL OSI – Submitted News –

  • MIL-Evening Report: Election diary: Energy is in the foreground – but climate change is ‘in the shadows’

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

    This election is already shaping up as very much about energy. But notably, ambitions for and debate about combatting climate change have receded in recent times.

    Peter Dutton has his proposal for an east coast gas reservation scheme at the centre of his campaign. Then of course there is that much-contested nuclear policy. But the government has declined to produce a 2035 emissions reduction target before polling day and, apart from its commitment to net zero by 2050, the Coalition won’t talk targets in opposition.

    John Connor, CEO of the Carbon Marketing Institute, says “probably not since 2004 has climate been so much in the shadows, at least at this stage”. It’s a matter of the “energy wars” rather than the “climate wars” so far, he says.

    The climate change issue was potent in 2022, especially in helping the “teal” candidates get elected. It probably is still cutting through in their sort of seats. And climate change demonstrators are targeting election events.

    But more generally, things have changed.

    The Freshwater poll in the Australian Financial Review on Monday asked people to list three issues of top concern for them.

    Unsurprisingly, cost of living was a mile ahead of anything else, at 74%. Then came housing (37%), healthcare (27%), economy (26%), crime (25%) and tax (19%). Climate change followed seventh, with 18%, ahead of immigration (15%) and defence (13%).

    When asked who would be best to respond to concern about climate change, Labor held a solid lead, 35% to the 22% who nominated the Coalition, but 43% said neither or were unsure.

    The Morgan poll early this year compared issues of most importance to people in the September quarter of 2024 and the June quarter of 2022. Just under a third nominated global warming and climate change in 2022 (32%); by 2024 this was down to less than a quarter (23%).

    The cost-of-living crisis is the most obvious reason why climate change has faded in many voters’ minds. That has pushed almost everything else aside, as families struggle with financial practicalities.

    (The Carbon Market Institute says, however, that polling it commissioned, to be released later this week does show the public understand the link between climate change and the cost of living, even if the politicians are reluctant to go there just now. 62% of respondents agreed impacts of climate change – such as more frequent and severe bushfires and flooding – worsen the cost of living through insurance cost increases and grocery prices, with just 13% disagreeing.)

    Now we are deeply into the transition to a clean economy the inevitable downsides are more to the fore. However necessary, they are painful, including high power bills (that have had to be subsidised by the government) and local arguments about transmission lines and wind farms blighting parts of the landscape.

    After it was elected Labor highlighted the importance of climate change by legislating its 2030 43% emissions reduction target. But it has become reticent when asked to talk about the 2035 target for Australia.

    That was initially due to be submitted under the Paris agreement by February, but now it won’t be announced until closer to the September deadline. Nor will the Climate Change Authority, headed by former NSW Liberal treasurer Matt Kean, produce its recommendation to the government before the election. The government’s explanation for its delay is that it can’t act before the the authority’s recommendation.

    Dutton remains committed to the Paris agreement and the zero emissions by 2050 target. But he flagged at the weekend that he would not proceed with Australia’s bid to host COP31 in 2026.

    The opposition says it would keep the safeguards mechanism that regulates emissions from large emitters, but we don’t know what changes it would make to it.

    Nor do we know what would happen under a Dutton government to the various framework institutions around climate change policy. But Kean and his authority are certainly in the gun sights. Opposition finance spokeswoman Jane Hume has said, “I don’t think that we could possibly maintain a Climate Change Authority that has been so badly politicised”.

    Peter Dutton wouldn’t live in The Lodge (though it was good enough for Robert Menzies)

    What is it about some modern conservative leaders and The Lodge?

    Peter Dutton on Monday declared that, if he became PM, he would live at Kirribilli House, not The Lodge.

    “We love Sydney, we love the harbour, it’s a great city, and so yes. You’ve got the choice between Kirribilli or living in Canberra. I think I’ll take Sydney any day over living in Canberra,” he said.

    The opposition leader’s disdain for Canberra was obvious. Then again, perhaps when you’re planning to get rid of tens of thousands of Canberra-based public servants, Kirilly Dutton might find a browse around the Manuka shops potentially awkward.

    From the way he extolled the virtues of Sydney, it doesn’t seem that Dutton wishes he could stay in his home city of Brisbane, prevented from doing so only by the lack of an official residence there.

    As prime minister, Malcolm Turnbull didn’t just stay living in Sydney – he chose to remain in his own house. It was certainly more glam than The Lodge.

    Yet The Lodge was good enough for the leader to whom the Liberals all pay homage. Robert Menzies and his family lived there quite happily for a very long time. Menzies’ daughter Heather Henderson, in her book A Smile for My Parents, tells of life in the bush capital, when her mother kept a shanghai in the wisteria to take potshots at the currawongs.

    They were simpler days. The security-conscious Dutton would be appalled at the anecdote about the intruder who appeared one night in the Lodge kitchen. Pattie Menzies, who happened to be carving the roast for dinner at the time, walked into the kitchen, armed with the knife. The intruder fled. There was no official inquiry – just a reprimand for the maid for not snibbing the door.

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

    – ref. Election diary: Energy is in the foreground – but climate change is ‘in the shadows’ – https://theconversation.com/election-diary-energy-is-in-the-foreground-but-climate-change-is-in-the-shadows-253115

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: New children’s home extends city’s work to care for children and young people

    Source: City of Coventry

    A new children’s home has opened, the second to open in recent months, as part of the ongoing strategy and work by Coventry City Council.

    This is to improve care across the city and support our children, young people and their families.

    The home can care for up to four children and young people at a time and is aimed at providing ‘same-day, short-term’ care when help is needed at short notice, enabling siblings to remain together when possible or preventing children from being placed at a distance.

    Earlier this year, the city officially opened its first purpose-built home for children in care with disabilities that can cater for four children and young people at a time.

    Two smaller homes are due to open in early 2026 for children in the city with the most complex needs. There is also ongoing work to recruit more foster carers to ensure we can meet the diverse individual needs of children in care from Coventry.

    Creating new homes enables more children to be given the care and support they need, remaining near to their family, friends and communities, while continuing their education and prevents them being placed with external providers, who may increase costs or seek to make a profit from caring for vulnerable children.

    Cllr Patricia Seaman, Cabinet Member for Children and Young People, said: “It is wonderful that we have been able to open a second home in recent months, and there is more to come as we continue our work to put our city’s families at the heart of all we do.

    “We are determined to help Coventry children stay close to home and their support groups, and to be supported by the excellent care and dedicated professionals available in our city.

    “Building these new homes makes financial sense, but we would not do it if it wasn’t the right thing to do for the children and young people. Their welfare comes above all for us and we will continue to make Coventry a true child-friendly city where every child and young person has the same opportunities to live happy, healthy and fulfilling lives.”

    Sukriti Sen, Director of Children and Education Services at Coventry City Council, added: “The new home is warm and welcoming and will really help to make a difference for children and young people who are going through difficult times.

    “With our dedicated social workers and foster carers, these new homes are helping to change lives. Thank you to everyone who is a part of that work to make Coventry such a caring city.”

    To read more about how the city cares for children and young people, visit the Council’s website.

    Monday, 31st March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Europe: OSCE concludes eight regional workshops on combating illicit trafficking in cultural property

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE concludes eight regional workshops on combating illicit trafficking in cultural property

    Participants in a regional workshop on combating illicit trafficking in cultural property in Warsaw, Poland, 26 March 2025. (OSCE) Photo details

    The OSCE Transnational Threats Department, in co-operation with the Ministry of Culture and National Heritage of Poland, held the eighth in a series of operation training workshops on combating illicit trafficking of art, antiquities and cultural property in Wroclaw, Poland, from 24 to 28 March 2025.
    The workshops delivered vital operations and investigations training to frontline officers from Lithuania, Poland and Ukraine, equipping them with the tools and expertise to combat the growing threat of cross-border trafficking of cultural property and its linkages to organized crime, terrorism financing and money laundering.
    Representatives from law enforcement, customs and border services organizations, national prosecutors’ offices, financial investigators and museum experts were put through complex simulated art crimes and trafficking cases based on real life examples. These also involved immersive experience training with customs examinations and crime scene investigations at Museums and archaeological sites.
    Trainees were given extensive training on customs search powers and procedures, law enforcement practices, intelligence analysis, financial and cyber investigations, crime scene forensics at the National Museum in Wrocław and the Ceglarski Bastion archaeological site. The course concluded with the presentation of mock investigation results to real state prosecutors.
    “We are building important border management and law enforcement networks across the region to directly confront, disrupt and dismantle the networks profiting from the theft and trafficking of art, antiquities and cultural property,” said Cameron Walter, the OSCE Customs Adviser leading the programme dedicated to combatting illicit trafficking in cultural property. “Multiple international investigative channels were discussed during the training. This work has real impact for communities by making our participating States safer.”
    The training was guided by expert trainers from the OSCE-led Heritage Crime Task Force (HCTF).For more information on the Programme to Combat Trafficking of Cultural Property or the Heritage Crime Task Force, please contact heritage@osce.org.

    MIL OSI Europe News –

  • MIL-OSI China: Ceremony honoring Yellow Emperor held in Henan province

    Source: China State Council Information Office 2

    An ancestral worship ceremony honoring Huangdi, also known as the Yellow Emperor, is held on March 31 in Xinzheng, central China’s Henan province. [Photo provided to China.org.cn]
    Thousands of people from around the world gathered Monday for an ancestral worship ceremony honoring Huangdi, or the Yellow Emperor, in Xinzheng, central China’s Henan province.
    The event attracted overseas Chinese, experts in culture, arts, calligraphy and media, as well as representatives from science and economics. Attendees paid respects to Huangdi, praying for national prosperity and global peace and harmony.
    In Chinese mythology, Huangdi is considered the ancestor of the Chinese nation and the founder of Chinese civilization. According to legend, Xinzheng is Huangdi’s hometown.
    The ceremony included a series of nine rituals: a ceremonial cannon salute, laying of flower baskets, hand purification and incense offering, ancestor worship, the reading of eulogy, hymn singing, musical and dance tributes, and prayers for China’s well-being and the harmony of heaven, earth and humanity.
    For the sixth consecutive year, the ceremony included an online ancestral worship platform, allowing participants worldwide to join virtually.
    Following the ceremony, participants were able to explore Henan’s rich cultural heritage and learn about the modern development of the Yellow Emperor’s hometown.

    MIL OSI China News –

  • MIL-OSI United Kingdom: OPDC Announces Hemiko as development and funding partner for innovative New Heat Network

    Source: Mayor of London

    The Mayor of London’s development corporation for Old Oak and Park Royal (OPDC) has today announced that Hemiko has been chosen as the development partner for its innovative new district heat network. 

    OPDC and Hemiko will work together in partnership to design, deliver, fund and operate the new low carbon heat network, which will draw waste heat from local data centres, providing low-cost, low carbon energy to over 9,000 new homes and businesses in the Old Oak and Park Royal area, as well as existing buildings including Central Middlesex Hospital. Using waste heat from data centre cooling systems in this way is a UK first that positions London at the forefront of the UK’s transition to a low carbon, circular economy, whilst driving the growth of the UK tech sector. 

    Hemiko is a leading heat network utility provider that develops, builds, funds and operates urban heat networks for commercial, residential and mixed-use developments across the UK, including the Greenwich Peninsula regeneration project in London and they are currently building a new network in Worthing. 

    The first phase of OPDC’s heat network is expected to deliver up to 95GWh of heat a year, the equivalent of boiling around 1 billion kettles. The network will expand over five phases between 2028 and 2040, serving the wider Old Oak and Park Royal regeneration area, London’s largest new development project, with plans to build up to 25,000 homes over the next two decades. 

    In November 2023, OPDC was awarded £36m from the Government’s Green Heat Network Fund and in October 2024, Old Oak and Park Royal was announced as one the UK’s first heat network zones – areas designated by the Government where heat networks will provide the lowest cost, low carbon heating option. 

    The Mayor of London’s Local Energy Accelerator (LEA) programme, which was co-funded by the Mayor and the European Regional Development Fund, and the Mayor’s Green Finance programme, have provided an additional £1.7m to fund the technical and commercialisation work to develop the commercial case for the network. 

    This will now be bolstered by Hemiko who will invest £63m in the first phases, growing to around £600m by 2040, boosting economic growth and creating local jobs in West London. 

    OPDC’s heat network will eventually serve London’s largest Opportunity Area, benefitting new and existing communities living and working in the new urban district being created at Old Oak and Park Royal. As well as many thousands of new and affordable homes, plans include around 3 million sq ft of new commercial, retail and leisure development, high-quality parks and green space, and community services and facilities, all within walking distance of the new HS2 station at Old Oak Common, where HS2, Elizabeth line and Great Western Main Line services will operate. 

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: 31 March 2025 Departmental update Membership of the Guideline Development Group for the treatment of maternal peripartum infection

    Source: World Health Organisation

    Maternal sepsis is a life-threatening condition caused by an infection during pregnancy, childbirth, post-abortion, or the postpartum period. It is the third leading cause of maternal mortality worldwide and a significant contributor to overall sepsis-related deaths. In addition to posing severe risks to the mother, maternal infections and sepsis can lead to neonatal infections and other adverse neonatal outcomes.

    The World Health Organization (WHO) has previously published the WHO recommendations for prevention and treatment of maternal peripartum infections. The primary objective of WHO’s recommendations is to provide a foundation for the strategic policy and programme development needed for sustainable implementation of effective interventions for improving provision and uptake of quality antenatal, intrapartum and postnatal care for all women and newborns.

    Efforts to reduce maternal and neonatal sepsis are critical to achieving the Sustainable Development Goals and implementing global health initiatives. With a view towards promoting the best-known clinical practices in labour and childbirth, and improving maternal and newborn outcomes worldwide, including for the prevention of peripartum infections, WHO will review the evidence for a recommendation related to Antibiotic prophylaxis during labour for vaginal birth. The development of this new recommendation has been prioritized.  

    A Guideline Development Group (GDG) meeting will be held on 9–10 April 2025 to review the evidence base on this recommendation. In keeping with the requirements of the WHO Guidelines Review Committee and the WHO Compliance, Risk Management and Ethics Office, we are posting online short biographies of the GDG members. The listed candidates have also submitted a Declaration of Interest form stating any conflict of interests. WHO has applied its internal processes to ensure that the performance of the above tasks by members of this group will be transparent and without any significant conflict of interests (academic, financial, or other) that could affect the credibility of the guideline. 

    Nevertheless, WHO invites the general public to review the experts and stakeholders involved and provide feedback regarding any member deemed to have a significant conflict of interest with respect to the terms of reference for this group. Comments and feedback should be cordial and constructive, and sent to srhmph@who.int.

    This WHO normative meeting is by invitation only.

    NOTE:

    The GDG members are participating in the meeting on their invidual capacity. Affiliations are presented only as a reference. The participation of experts in a WHO meeting does not imply that they are endorsed or recommended by WHO nor does it create a binding relationship between the experts and WHO. The biographies have been provided by the experts themselves and are the sole responsibility of the inpiduals concerned. WHO is not responsible for the accuracy, veracity and completeness of the information provided. In accordance with WHO conflict of interest assessment policy, expert’s biographies are published for transparency purposes. Comments and perceptions are brought to the knowledge of WHO through the public notice and comment process. 

    Comments sent to WHO are treated confidentially and their receipt will be acknowledged through a generic email notification to the sender. Please send any comments to the following email: srhmph@who.int. WHO reserves the right to discuss information received through this process with the relevant expert with no attribution to the provider of such information. Upon review and assessment of the information received through this process, WHO, in its sole discretion, may take appropriate management of conflicts of interests in accordance with its policies.

    MIL OSI United Nations News –

  • MIL-OSI Europe: Income, poverty and living conditions in 2023 – Poverty rate remained stable at around 8% in 2023

    Source: Switzerland – Department of Home Affairs

    In 2023, 8.1% of the population or some 708 000 people in Switzerland were affected by income poverty. 6.3% of the population had been in arrears with at least two types of payment in the last 12 months and 5.5% had to go without important goods, services and social activities for financial reasons. The overall standard of living in Switzerland, however, continues to be one of the highest in Europe. These are some of the findings from the 2023 Survey on Income and Living Conditions (SILC) conducted by the Federal Statistical Office (FSO).

    MIL OSI Europe News –

  • MIL-OSI United Nations: 30 March 2025 Departmental update Membership of the Guideline Development Group for the treatment of maternal peripartum infection

    Source: World Health Organisation

    Maternal sepsis is a life-threatening condition caused by an infection during pregnancy, childbirth, post-abortion, or the postpartum period. It is the third leading cause of maternal mortality worldwide and a significant contributor to overall sepsis-related deaths. In addition to posing severe risks to the mother, maternal infections and sepsis can lead to neonatal infections and other adverse neonatal outcomes.

    The World Health Organization (WHO) has previously published the WHO recommendations for prevention and treatment of maternal peripartum infections. The primary objective of WHO’s recommendations is to provide a foundation for the strategic policy and programme development needed for sustainable implementation of effective interventions for improving provision and uptake of quality antenatal, intrapartum and postnatal care for all women and newborns.

    Efforts to reduce maternal and neonatal sepsis are critical to achieving the Sustainable Development Goals and implementing global health initiatives. With a view towards promoting the best-known clinical practices in labour and childbirth, and improving maternal and newborn outcomes worldwide, including for the prevention of peripartum infections, WHO will review the evidence for a recommendation related to Antibiotic prophylaxis during labour for vaginal birth. The development of this new recommendation has been prioritized.  

    A Guideline Development Group (GDG) meeting will be held on 9–10 April 2025 to review the evidence base on this recommendation. In keeping with the requirements of the WHO Guidelines Review Committee and the WHO Compliance, Risk Management and Ethics Office, we are posting online short biographies of the GDG members. The listed candidates have also submitted a Declaration of Interest form stating any conflict of interests. WHO has applied its internal processes to ensure that the performance of the above tasks by members of this group will be transparent and without any significant conflict of interests (academic, financial, or other) that could affect the credibility of the guideline. 

    Nevertheless, WHO invites the general public to review the experts and stakeholders involved and provide feedback regarding any member deemed to have a significant conflict of interest with respect to the terms of reference for this group. Comments and feedback should be cordial and constructive, and sent to srhmph@who.int.

    This WHO normative meeting is by invitation only.

    NOTE:

    The GDG members are participating in the meeting on their invidual capacity. Affiliations are presented only as a reference. The participation of experts in a WHO meeting does not imply that they are endorsed or recommended by WHO nor does it create a binding relationship between the experts and WHO. The biographies have been provided by the experts themselves and are the sole responsibility of the inpiduals concerned. WHO is not responsible for the accuracy, veracity and completeness of the information provided. In accordance with WHO conflict of interest assessment policy, expert’s biographies are published for transparency purposes. Comments and perceptions are brought to the knowledge of WHO through the public notice and comment process. 

    Comments sent to WHO are treated confidentially and their receipt will be acknowledged through a generic email notification to the sender. Please send any comments to the following email: srhmph@who.int. WHO reserves the right to discuss information received through this process with the relevant expert with no attribution to the provider of such information. Upon review and assessment of the information received through this process, WHO, in its sole discretion, may take appropriate management of conflicts of interests in accordance with its policies.

    MIL OSI United Nations News –

  • MIL-Evening Report: Hosting the UN climate summit is far from ‘madness’ – here’s how Australia stands to benefit

    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney

    Opposition Leader Peter Dutton would withdraw Australia’s bid to co-host next year’s global climate summit if the Coalition wins the federal election.

    Australia has lobbied hard for the right to host the talks, known as COP31, in conjunction with Pacific nations. Australia has emerged as a leading contender, and has the backing of most countries in its United Nations grouping, including the United Kingdom, France, Germany, Canada and New Zealand.

    However, Dutton on Sunday described the idea of hosting the UN climate conference as “not something we are supporting — it is madness”. He also falsely claimed it would cost Australia “tens of billions” of dollars to host the event.

    Australia would reap big benefits by hosting the high-profile global talks. It would likely attract considerable investment in renewables and clean energy export industries, and strengthen Australia’s national security during a time of increasing geo-strategic competition in the Pacific. To pull out now would be a costly move.

    Decison deferred until June

    The decision on who will host COP31 in 2026 was expected at last year’s summit in Azerbaijan. But it was deferred until June this year – after Australia’s next federal election.

    Hosting rights are shared between five UN country groupings on a rotational basis. The final decision is made by consensus.

    Australia’s bid to host with Pacific nations has considerable support. But Turkey, the only other country in the running to host COP31, has so far resisted lobbying efforts to persuade it to drop out.

    An economic boost for Australia

    Hosting the UN climate talks is a massive economic opportunity for Australia.

    COP31 would be one of the biggest diplomatic summits Australia has ever hosted. Tens of thousands of people could be expected for a fortnight of negotiations, with satellite events held across the nation and the Pacific.

    Adelaide is in the box seat to play host. The South Australian government estimated hosting the UN talks could generate more than A$500 million for the state. But economic benefits would be much wider, and longer-lasting, than tourism receipts from those attending. The talks are a chance to attract investment for Australia’s energy transition and for clean energy industries of the future, including critical minerals and green iron.

    The UK government’s assessment of the value of hosting the UN climate summit in Glasgow in 2021 found the net economic benefit was double that spent – around A$1 billion. That includes benefits from trade deals and foreign investment. With abundant critical minerals, and excellent wind and solar resources, Australia has even more to gain.

    Hosting the world’s largest climate summit is a chance to attract the investment needed to replace ageing and unreliable coal-fired power stations. According to the Clean Energy Investor Group, which represents the capital behind large-scale renewables, more than 70% of the investment in clean energy comes from international sources.

    Dutton says he plans to replace coal with nuclear power (and to rely on gas until nuclear plants are built decades from now). The Coalition’s nuclear plan would require hundreds of billions of dollars of taxpayer support.

    Securing our place in the Pacific

    Working with Pacific nations to address climate change is key to Australian national security.

    Australia aims to be the security partner of choice for Pacific island countries. And Pacific island countries are crystal clear: climate change is their “single greatest threat”.

    In 2022, Solomon Islands signed a security deal with China, which raised the prospect of a potential Chinese naval base in Australia’s maritime approaches. Foreign Minister Penny Wong – who was in opposition at the time – described it as the worst foreign policy blunder in the Pacific since the end of WWII.

    The Albanese government has looked to cement Australia’s place in the Pacific by working with island nations to address climate change. In July 2022, Albanese joined Pacific leaders to declare a Pacific climate emergency and launched bid to co-host a UN climate summit with Pacific nations. In 2023, Australia signed a climate migration deal with Tuvalu that also prevents Tuvalu from pursuing a security deal with China.

    Pacific leaders have welcomed Australia’s plans to host the UN climate talks and have agreed to work together to advocate for the joint bid. Walking away now could do real damage to Australian strategy in the region.

    Embracing our clean energy future

    Hosting COP31 is a chance to set up Australia’s economy of tomorrow, signalling the shift from fossil fuel heavyweight to clean energy superpower.

    Australia is leading the clean energy transition. This is a story to tell the world. One in three households have rooftop solar. Already 40% of the main national power grid is powered by wind, solar and storage. We are on track for 80% renewables by 2030.

    South Australia is moving even faster, set for 100% clean electricity by 2027. Hosting COP31 in the state is also a chance to showcase clean energy export industries, especially plans to produce green iron and green steel at the Whyalla steelworks.

    Australia is the world’s largest exporter of raw iron ore, but is well positioned to export more-valuable, and lower-polluting, green iron to major economies in our region. The potential export value of green iron is estimated to be $295 billion a year, or three times the current value of iron ore exports.

    More broadly, our clean energy exports – including green metals, green fertilisers and green fuels – could be worth six to eight times more than our fossil fuel exports.

    Walking away from the chance to host the world and showcase our clean energy future would be costly indeed.

    Wesley Morgan is a fellow with the Climate Council of Australia

    – ref. Hosting the UN climate summit is far from ‘madness’ – here’s how Australia stands to benefit – https://theconversation.com/hosting-the-un-climate-summit-is-far-from-madness-heres-how-australia-stands-to-benefit-253423

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Dutton says it would cost too much to host UN climate summit, but pulling out would cost Australia even more

    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney

    Opposition Leader Peter Dutton would withdraw Australia’s bid to co-host next year’s global climate summit if the Coalition wins the federal election.

    Australia has lobbied hard for the right to host the talks, known as COP31, in conjunction with Pacific nations. Australia has emerged as a leading contender, and has the backing of most countries in its United Nations grouping, including the United Kingdom, France, Germany, Canada and New Zealand.

    However, Dutton on Sunday described the idea of hosting the UN climate conference as “not something we are supporting — it is madness”. He also falsely claimed it would cost Australia “tens of billions” of dollars to host the event.

    Australia would reap big benefits by hosting the high-profile global talks. It would likely attract considerable investment in renewables and clean energy export industries, and strengthen Australia’s national security during a time of increasing geo-strategic competition in the Pacific. To pull out now would be a costly move.

    Decison deferred until June

    The decision on who will host COP31 in 2026 was expected at last year’s summit in Azerbaijan. But it was deferred until June this year – after Australia’s next federal election.

    Hosting rights are shared between five UN country groupings on a rotational basis. The final decision is made by consensus.

    Australia’s bid to host with Pacific nations has considerable support. But Turkey, the only other country in the running to host COP31, has so far resisted lobbying efforts to persuade it to drop out.

    An economic boost for Australia

    Hosting the UN climate talks is a massive economic opportunity for Australia.

    COP31 would be one of the biggest diplomatic summits Australia has ever hosted. Tens of thousands of people could be expected for a fortnight of negotiations, with satellite events held across the nation and the Pacific.

    Adelaide is in the box seat to play host. The South Australian government estimated hosting the UN talks could generate more than A$500 million for the state. But economic benefits would be much wider, and longer-lasting, than tourism receipts from those attending. The talks are a chance to attract investment for Australia’s energy transition and for clean energy industries of the future, including critical minerals and green iron.

    The UK government’s assessment of the value of hosting the UN climate summit in Glasgow in 2021 found the net economic benefit was double that spent – around A$1 billion. That includes benefits from trade deals and foreign investment. With abundant critical minerals, and excellent wind and solar resources, Australia has even more to gain.

    Hosting the world’s largest climate summit is a chance to attract the investment needed to replace ageing and unreliable coal-fired power stations. According to the Clean Energy Investor Group, which represents the capital behind large-scale renewables, more than 70% of the investment in clean energy comes from international sources.

    Dutton says he plans to replace coal with nuclear power (and to rely on gas until nuclear plants are built decades from now). The Coalition’s nuclear plan would require hundreds of billions of dollars of taxpayer support.

    Securing our place in the Pacific

    Working with Pacific nations to address climate change is key to Australian national security.

    Australia aims to be the security partner of choice for Pacific island countries. And Pacific island countries are crystal clear: climate change is their “single greatest threat”.

    In 2022, Solomon Islands signed a security deal with China, which raised the prospect of a potential Chinese naval base in Australia’s maritime approaches. Foreign Minister Penny Wong – who was in opposition at the time – described it as the worst foreign policy blunder in the Pacific since the end of WWII.

    The Albanese government has looked to cement Australia’s place in the Pacific by working with island nations to address climate change. In July 2022, Albanese joined Pacific leaders to declare a Pacific climate emergency and launched bid to co-host a UN climate summit with Pacific nations. In 2023, Australia signed a climate migration deal with Tuvalu that also prevents Tuvalu from pursuing a security deal with China.

    Pacific leaders have welcomed Australia’s plans to host the UN climate talks and have agreed to work together to advocate for the joint bid. Walking away now could do real damage to Australian strategy in the region.

    Embracing our clean energy future

    Hosting COP31 is a chance to set up Australia’s economy of tomorrow, signalling the shift from fossil fuel heavyweight to clean energy superpower.

    Australia is leading the clean energy transition. This is a story to tell the world. One in three households have rooftop solar. Already 40% of the main national power grid is powered by wind, solar and storage. We are on track for 80% renewables by 2030.

    South Australia is moving even faster, set for 100% clean electricity by 2027. Hosting COP31 in the state is also a chance to showcase clean energy export industries, especially plans to produce green iron and green steel at the Whyalla steelworks.

    Australia is the world’s largest exporter of raw iron ore, but is well positioned to export more-valuable, and lower-polluting, green iron to major economies in our region. The potential export value of green iron is estimated to be $295 billion a year, or three times the current value of iron ore exports.

    More broadly, our clean energy exports – including green metals, green fertilisers and green fuels – could be worth six to eight times more than our fossil fuel exports.

    Walking away from the chance to host the world and showcase our clean energy future would be costly indeed.

    Wesley Morgan is a fellow with the Climate Council of Australia

    – ref. Dutton says it would cost too much to host UN climate summit, but pulling out would cost Australia even more – https://theconversation.com/dutton-says-it-would-cost-too-much-to-host-un-climate-summit-but-pulling-out-would-cost-australia-even-more-253423

    MIL OSI Analysis – EveningReport.nz –