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Category: Finance

  • MIL-OSI Russia: Joint Statement by the Saudi Finance Minister and IMF Managing Director on Supporting Recovery in the Middle East’s Conflict-Affected Economies

    Source: IMF – News in Russian

    February 17, 2025

    Al Ula, Saudi Arabia, – February 16, 2025: On the sidelines of the inaugural annual global Conference on Emerging Market Economies in Al Ula, Saudi Arabia (February 16-17), the Saudi Finance Ministry and the International Monetary Fund (IMF) co-hosted a high-level roundtable on “Working Together to Support Recovery in the Middle East’s Conflict-Affected Economies”, bringing together finance ministers of countries in the region, the Foreign Affairs Minister of Syria, representatives from the World Bank, and heads of other International Financial Institutions and the Arab Coordination Group.

    Following the meeting, Kristalina Georgieva, Managing Director of the IMF, and Mohammed Aljadaan, Finance Minister of Saudi Arabia, made the following statement:

    “This important meeting brought together representatives from the Middle East and key economic and development partners to discuss how we can work together to support recovery in the Middle East’s conflict-affected economies.”

    “We thank all participants for recognizing the urgency and importance of this task, as well as for their commitment to work together to ensure that the conflict-affected countries can start addressing their humanitarian needs. This would help them start rebuilding their economies in an efficient, swift, and durable way for the benefit of their people.”

    “Participants welcomed the meeting as an opportunity to discuss recent developments and build a common understanding of the challenges facing conflict-affected countries. They emphasized the importance of strengthening coordination to support the recovery of these countries as the spillovers would impact all. Particular attention was paid to the situation in Syria.”

    Participants agreed on the following priorities to support conflict-affected countries:

    • A Continuous Diagnosticof the challenges and economic and social context facing each conflict-affected country, including an assessment of humanitarian and reconstruction needs. Such a diagnostic should identify institution-building priorities, gaps in policies, and financing needs.
    • Enhanced Capacity Development (CD) aimed at rapidly scaling up IMF and World Bank CD initiatives to help strengthen and, as needed, build new institutions. Support would need to be tailored to strengthen essential functions of fiscal, monetary and banking institutions.
    • Mobilization of financial assistance from the international community . Financial support—coordinated with international and regional development partners—will be needed to fund comprehensive reform programs, including reconstruction and humanitarian aid.

    “Participants underscored their readiness to work together and complement each other’s efforts while focusing on their institutional mandates. They will continue to work closely and with other partners to further support the international response to the recovery of conflict-affected economies in the Middle East region.”

    They agreed to establish an informal coordination group to support these efforts. Discussions will be continued at the upcoming IMF/World Bank Spring Meetings on April 21-26 in Washington, D.C.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Wafa Amr

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/17/pr-25038

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI: Ophævelse af suspension af handel med beviser i foreningens afdelinger

    Source: GlobeNewswire (MIL-OSI)

    Hermed ophæves suspensionen af handel med beviser i foreningens afdelinger.

    Afdeling ISIN OMX Short name
    BLS Invest Danske Aktier Akk. DK0061143260 BLKDKAA
    BLS Invest Danske Aktier KL DK0060188902 BLKDA
    BLS Invest Globale Aktier KL DK0060189041 BLKGA
    BLS Invest Globale Aktier Akk. DK0060560167 BLIGAA

    The MIL Network –

  • MIL-OSI: Discover ways to make money with cryptocurrencies using BitconeMine cloud mining guide and earn passive income every day

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 17, 2025 (GLOBE NEWSWIRE) — BitconeMine, the leading AI-driven cloud mining platform, is making waves in the cryptocurrency industry by offering a limited-time $10 login mining bonus to new users. The initiative aims to lower the barrier to entry for crypto enthusiasts and provide a seamless, cost-effective way to start earning Bitcoin through cloud mining.

    What is Bitcoin Cloud Mining?

    BitconeMine allows users to participate in cryptocurrency mining without owning expensive hardware or dealing with a complex technical setup. By renting mining power from a data center, users can earn Bitcoin with minimal effort and investment.

    Why BitconeMine?

    BitconeMine stands out in the cloud mining industry with its innovative AI technology, ensuring optimized mining operations and consistent returns for investors. With a seven-year track record, BitconeMine continues to provide a secure and stable platform for passive income generation.

    Key Benefits of BitconeMine:

    $10 Login Bonus: New users can start mining immediately and earn a fixed $0.6 per day.
    Transparency: Monitor contracts and earnings in real time via mobile or desktop.
    Security: Investment protection backed by L&G Insurance.
    Scalability: Flexible contracts to suit a variety of investment needs.
    Zero maintenance costs: BitconeMine takes care of all hardware and operational maintenance.
    24/7 customer support: 24/7 assistance for a seamless mining experience.

    How to get started

    Joining BitconeMine is simple. Register on the platform and instantly activate your $10 mining reward. With daily passive income, new users can explore cloud mining without an initial financial commitment.

    1. First register as a BitconeMine user (visit the BitconeMine official website, click on register, and follow the steps to set up your account and password.)

    2. Choose a suitable contract package
    3. Pay the mining contract fee
    4. Wait for daily earnings.

    The bright future of cloud mining

    BitconeMine is committed to innovation and user satisfaction, and continuously enhances its platform to provide industry-leading cloud mining solutions. With strong security measures, transparent operations, and AI-driven efficiency, BitconeMine is poised to redefine the future of cryptocurrency mining.
    Start your crypto mining journey today. Visit https://bitconemine.com/ and claim your $10 sign-on bonus instantly!

    Contact:
    Lily Tanoria
    info@bitconemine.com

    Disclaimer: This press release is provided by BitconeMine. The statements, views, and opinions expressed in this content are solely those of the sponsor and do not necessarily reflect the views of this media platform. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in cloud mining and related opportunities involves significant risks, including potential loss of capital. Readers are strongly advised to conduct their own research and consult a qualified financial advisor before making any investment decision.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/70c4011e-d185-4473-96ce-b5d8a3ae589b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/13d32342-b200-481e-a3f8-c50fc886fc43

    The MIL Network –

  • MIL-OSI: Invalda INVL Group raises the largest PE fund in the Baltics exceeding target at first close reaching EUR 305 million

    Source: GlobeNewswire (MIL-OSI)

    Invalda INVL Group today announces that it has successfully completed a first closing of its second-generation private equity fund (“INVL Private Equity Fund II”), reaching EUR 305 million and exceeding its target of EUR 250 million.

    The INVL Private Equity Fund II has received strong backing from both existing and new investors, forming an exceptional investor base. This includes some of the most successful entrepreneurs from across the Baltics, family offices and institutional investors such as the European Investment Fund, pensions funds managed by Luminor asset management companies, SB Asset Management and IPAS INVL Asset Management in Latvia, as well as life insurance company UAB SB Draudimas. Fundraising will continue to reach a hard cap of EUR 400 million.

    The minimum investment in the INVL Private Equity Fund II was EUR 10 million. However, investors could invest in the fund via INVL Private Equity Capital Fund II with a ticket as low as EUR 125,000 which subsequently reached a total size of EUR 116 million.

    To fully align interests with the INVL Private Equity Fund II investors, Invalda INVL and the fund’s management team have also invested EUR 32.7 million, currently representing 11% of the total fund size.

    Darius Šulnis, CEO at Invalda INVL, commented: “This highly successful fundraising reflects investors’ trust in our work, as well as a pragmatic view on the region’s perspectives and potential. It also signals opportunities for companies and countries in the region seeking investment.

    INVL Private Equity Fund II will invest in businesses across Lithuania, Latvia, Estonia, Poland, Romania and the broader EU – backing those with the potential to become leaders in their competitive fields and drive value creation, along with the talented and determined people behind their success. In a rapidly changing environment, we see an increasing number of attractive investment opportunities. Having successfully built and developed multiple businesses, we understand the dedication, ambition and challenges that come with seizing new opportunities and driving growth. We take an active role in companies’ development, believing that this is the key to delivering strong returns for our investors – whose support, capital and high standards empower us to act.”

    Deimantė Korsakaitė, Managing Partner at INVL Private Equity Fund II and INVL Baltic Sea Growth Fund, added: ”This is a historic milestone for the Baltics, as we have announced the largest private equity fund ever raised in the region. We are extremely grateful to our investors for their trust. It is both an honour and a great responsibility to uphold this confidence in us. We will continue the successful strategy of our predecessor, the INVL Baltic Sea Growth Fund and remain fully committed to work hand-in-hand with management teams to drive transformative growth and create long-term value for companies, our investors as well as contributing to the growth of the economy. We strongly believe that our experience and network bolster our capabilities as a value-add partner to companies.”

    Asta Jovaišienė, Head of INVL Family Office, said: “We are delighted to be part of this record alongside our clients. At the same time, it demonstrates that our family office offers exceptional solutions that meet investors’ needs for sustainable and long-term results.“

    The new fund will build on the strategy of the INVL Baltic Sea Growth Fund, seizing attractive opportunities across the Baltics, Poland, Romania and the broader EU. The INVL Private Equity Fund II is sector-agnostic and will invest in companies with the potential to become regional leaders in their respective industries, focusing on acquiring majority or significant minority stakes. Through active investment management, the fund aims to drive long-term value creation.

    The strategy includes forming a diversified portfolio of 10–12 investments, providing late-stage growth capital to target companies and executing both buyout and buy-and-build strategies. Investment size will typically be in the region of EUR 10 million to EUR 40 million, with a preferred equity ticket of around EUR 25-30 million. However, the fund will also pursue larger deals together with co-investors.

    Deimantė Korsakaitė continued: “The predecessor INVL Baltic Sea Growth Fund which raised EUR 165 million closed the year in 2024 with a 25% net internal rate of return (Net IRR), total value to paid-in capital (TVPI) exceeding 2x and having announced the first agreed exit from its portfolio company InMedica that is to become one of the largest investments in healthcare services in the Baltics to date.”

    About INVL Private Equity Fund II

    The EUR 305 million INVL Private Equity Fund II is the largest private equity fund in the Baltics. It aims to build a diversified portfolio by acquiring majority or significant minority stakes in high-growth companies, with investment sizes ranging from EUR 10 million to EUR 40 million. The fund focuses on businesses with strong potential to grow and compete amid intensifying global competition, targeting opportunities in the Baltic countries, Poland, Romania and the broader Europe Union.

    The fund is managed by INVL Asset Management, the leading Baltic alternative asset manager, which is a part of the Invalda INVL Group with over 30 years of experience. The group’s companies manage or have under supervision more than EUR 1.6 billion in assets across various investment strategies, including private equity, forests and agricultural land, renewable energy, real estate, and private debt. Additionally, the group provides family office services in Lithuania, Latvia and Estonia, manages pension funds in Latvia and invests in global third-party funds.

    Additional information:
    Darius Šulnis
    CEO of Invalda INVL
    darius.sulnis@invl.com

    The MIL Network –

  • MIL-OSI: Moody’s assigned Coop Pank mortgage covered bonds a provisional rating of (P)Aa2

    Source: GlobeNewswire (MIL-OSI)

    Moody’s Investors Service has assigned a provisional (P)Aa2 long-term rating to the mortgage covered bonds issued by Coop Pank AS (Coop Pank).

    The international credit ratings agency Moody’s has analysed the planned issue of covered bonds by Coop Pank and considered, inter alia, the high credit quality of the assets backing the covered bonds, the support provided by the Estonian legal framework, which provides for the issuer’s regulation and supervision, but also exposure to market risks and the increased uncertainty of the current economic environment. The long-term rating (P)Aa2 indicates high quality obligations that are subject to low credit risk.

    According to Paavo Truu, CFO of Coop Pank, obtaining a credit rating is an important step to continue the preparations for the bond issue as planned and although the final date is subject to the market situation, we plan to issue the covered bonds in the first half of 2025. According to Paavo Truu the covered bonds offer an opportunity to further diversify funding and reduce costs.

    Coop Pank is planning to offer covered bonds to European institutional investors. Covered bonds are expected to provide a new resilient source of funding for Coop Pank.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 209,500. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores. 

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 5160 231
    E-mail: paavo.truu@cooppank.ee

    The MIL Network –

  • MIL-OSI: Interim Management Statement Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    17 February 2024

    HARGREAVE HALE AIM VCT PLC
    (the “Company”)

    Interim Management Statement

    Q1 2025

    Introduction

    This interim management statement covers the first quarter of the 2024/25 financial year, 1 October 2024 to 31 December 2024. Investment performance measures contained in this report are calculated on a pence per share basis and include realised and unrealised gains and losses.

    Overview

    Once again, we have endured a difficult start to the financial year, albeit for very different reasons. The 2024 Autumn budget, preceded by some unhelpfully stark messaging, has weighed on economic activity. GDP, employment reports and PMI surveys all highlight a notable softening in the UK economy through the second half of (cal.) 2024.

    Measures of UK consumer and business confidence dipped, suggesting that households and companies were becoming increasingly cautious. Although a very significant increase in public spending is expected to support economic activity pickup in 2025, there is clear evidence that The Office for Budget Responsibility forecast for GDP to increase from 1.1% in 2024 to 2.0% in 2025 is likely to be revised lower when next updated.

    UK fiscal policy is seen as being negative to growth and positive for inflation. In the round, this adds up to fewer rate cuts in 2025. With higher inflation and lower growth undermining the case for lending to the UK Government, UK Gilt yields broke out to the upside and Sterling to the downside. The move higher in borrowing costs was exacerbated by higher yields in the US Treasuries market. The Government is on the back foot and will need to respond before the 2025 Autumn budget.

    None of this has been helpful for investor interest in UK equities with outflows increasing again after a period of improving sentiment through the early Summer. This was particularly acute for AIM and, more broadly, the IA UK Small Cap sector.

    Reflecting this, the FTSE AIM All-Share Index was noticeably weak ahead of and subsequent to the budget, with the index steadily declining for 7 months through to 31 December 2024. Within the period, the AIM All-Share index returned -2.32% in the three months to 31 December 2024, lagging the FTSE All Share Index (-0.35%). We continue to believe that many small companies trading on AIM offer exceptional value.

    Performance

    In the three months to 31 December 2024, the unaudited NAV per share decreased by 0.40 pence from 40.55 pence (cum-dividend) to 40.15 pence, giving a total return of -0.99%.

    The qualifying investments fell by 0.09 pence per share whilst the non-qualifying investments made a loss of 0.25 pence per share. The adjusting balance was the net of running costs and investment income.

    Qualifying Investments

    Aquis Exchange (+93.1%, +£1.66m) received a takeover offer from its larger Swiss peer SIX Exchange at 727p. This was a 120% premium to the previous closing price, a 45% premium to the average share price over the prior 12 months and slightly above the 2021 share price high of 720p. This equates to an exit multiple of 4.7x for the VCT. The transaction was approved on 18 December 2024 and is expected to complete in Q2 2025.

    PCI-PAL (+30.3%, +£1.09m) reported good FY24 results with revenues +20% to £18.0m and positive EBITDA of £0.9m. The company also reported strong SAAS metrics with ARR growing by 23%, Net Retention Rate at 102% and low churn. Following a £3.3m fundraise in March 2024, the balance sheet is strong with £4.3m cash. Positive news flow continued subsequently with a key contract renewal and in-line AGM trading update. Post period end, the company reported strong trading for the 6m to 31 December 2025 and re-iterated guidance for FY25.

    Cohort (+15.0%, +£0.65m) announced strong interim results for the 6m to 31 October 2024 with revenues increasing by 25% and a record order book of £541m. The company confirmed it remains on track to achieve market forecasts for FY25. Separately, Cohort announced the £74m acquisition of Australian-based satellite communications company EM Solutions. The acquisition was partly funded through existing cash & debt facilities, combined with a £40m fundraise at 875p.

    Following weak financial performance in FY24, Equipmake (-40.0%, -£0.93m) raised £3m in October 2024. The additional capital, when combined with cost action, has extended the company’s cash runway to March 2025. This was followed by the subsequent launch of a strategic review and a formal sale process.

    Fadel (-42.9%, -£0.72m) saw customer implementation delays and an unsuccessful new business tender. Revenue forecasts for FY24 were reduced by 12% from $14.8m to $13m. The high drop through of revenues to profits meant that projected FY24 EBITDA losses increased from $2.3m to $4m. The company has adopted a more disciplined approach to cost that has yielded an improved outlook for losses and cash performance in 2025.

    Team Internet (-27.7%, -£0.43m) shares fell sharply in Q4 2024 as the company announced that revenues at a recently acquired online marketing business Shinez would fall short of expectations. More recently the shares have begun to recover as the company announced it had received a preliminary takeover proposal.

    Non-Qualifying Investments

    The IFSL Marlborough UK Micro-Cap Growth Fund (+0.6%, +£0.06m) and IFSL Marlborough Special Situations Fund (-1.3%, -£0.13m) were broadly flat over the period. Within the non-qualifying portfolio, the weaker outlook for the UK economy following the Autumn budget impacted WH Smith, Wickes and Hollywood Bowl. Chemring also fell as earnings forecasts were impacted by rising national insurance costs and the curtailment of the company’s share buy-back in favour of preserving funds for organic investment.

    Portfolio structure

    The VCT is comfortably above the HMRC defined investment test and ended the period at 87.5% invested as measured by the HMRC investment test. By market value, the weighting to qualifying investments increased from 56.0% to 56.9%.

    The market remains very subdued with just two VCT qualifying IPOs within the last 12 months. There were two new equity investments into companies listed on AIM and one CLN into an existing portfolio company listed on AIM. We remain hopeful that improving market conditions will help drive an increase in deal flow during 2025.

    The new qualifying investments included a following on (CLN) investment into Rosslyn Data Technologies and new equity investments into Feedback and Ixico. There were no material disposals in the quarter. We sold two legacy tail investments (Gfinity and Surface Transforms) and trimmed our investment in Cohort following a period of strong share price performance.

    There were no substantial changes to the allocation to the two IFSL Marlborough Funds, non-qualifying equities, fixed income, ETFs or cash which respectively represented 13.4%, 6.8%, 12.9%, 0.4% and 9.6% of net assets.

    The HMRC investment tests are set out in Chapter 3 of Part 6 Income Tax Act 2007, which should be read in conjunction with this interim management statement. Funds raised by VCTs are first included in the investment tests from the start of the accounting period containing the third anniversary of the date on which the funds were raised. Therefore, the allocation of qualifying investments as defined by the legislation can be different to the portfolio weighting as measured by market value relative to the net assets of the VCT.

    Share Buy Backs & Discount

    3.9 million shares were acquired in the quarter at an average price of 38.27 pence per share. The share price decreased from 39.00p to 38.40p and on 31 December 2024 traded at a discount of 4.74% to the last published NAV per share (as at 27 December 2024, published on 31 December 2024).

    Post Period End

    The unaudited NAV per share increased from 40.15 pence to 40.22 pence (cum div) as at 7 February 2025, an increase of 0.17%. The FTSE AIM All-Share index increased by 0.09%.         

    END

    For further information please contact:

    Oliver Bedford, Canaccord Genuity Asset Management

    Tel: 020 7523 4837

    LEI: 213800LRYA19A69SIT31        

    The MIL Network –

  • MIL-OSI China: Success of ‘Ne Zha 2’ testifies to fast progress of China’s animation

    Source: China State Council Information Office 3

    A moviegoer walks past film posters at a cinema in Jiaxing City, east China’s Zhejiang Province, Feb. 3, 2025. (Photo by Jin Peng/Xinhua)

    “Ne Zha 2,” a Chinese animated blockbuster, has become a testament to the fast progress of China’s animation with its state-of-the-art technology, world-class visuals and compelling storytelling.

    The film, which was released during the Chinese New Year, has shattered multiple box office records, becoming the first film to cross 1 billion U.S. dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

    As its box office continues to climb, the film’s stunning visual effects and animation are nothing short of monumental.

    State-of-the-art technology

    With around 2,000 special effects shots, three times the number of characters in its predecessor “Ne Zha”, and a team of more than 4,000 creators, the film “Ne Zha 2” has redefined what animation can achieve.

    One of the key technologies used in the film is the self-developed dynamic ink-wash rendering engine, which brings traditional Chinese ink-wash painting to life.

    In one notable scene, as Ao Bing swings his weapon across the screen, the ink flows and blends, all in a fleeting 0.8 seconds. This scene, though brief, took the film’s production team an astounding nine months to perfect.

    For years, animators have been struggling to capture the fluidity and essence of ink-wash painting in the digital realm. This breakthrough, however, solved that challenge. It allows real-time simulations of ink spreading on rice paper, authentically reproducing its dynamic, ever-changing beauty.

    With this technique, even the most subtle details — from characters’ skin texture to the flow of their clothing and hair — are imbued with the ink-wash effect. Take Ne Zha, for example. The movements of his iconic weapons, Huntian Cloth and Fire-tip Spear, are enhanced by the ink-wash effects, creating a balance of both power and grace.

    World-class visuals

    “Our goal was to create something that audiences had never seen before, something that would deliver a strong visual impact and offer a fresh artistic expression. This is the kind of work we believe is truly worth doing,” said Yang Yu, director of “Ne Zha 2,” who goes by the nickname Jiaozi.

    According to Shi Chaoqun, the film’s visual effects supervisor, the scale of the film required extensive collaboration among multiple teams. Nearly 140 domestic animation companies contributed to the project, handling everything from animation production to 3D assets and effects composition.

    These companies range from established media giants and specialized animation companies to smaller and lesser-known studios.

    Huang Gong, the film’s technical development director, likened the project to an “Olympic Village” that attracted the best animation talents from across China, according to a media report.

    This collaboration highlights the growing strength of China’s animation ecosystem, showcasing its capacity to manage large-scale, complex productions.

    Compelling storytelling

    “Ne Zha 2” and its predecessor the 2019 blockbuster “Ne Zha” were both inspired by the classic 16th-century novel “The Investiture of the Gods.”

    Set after the events of the first film, the sequel follows Ne Zha and Ao Bing as their souls are saved but their physical forms face dissolution. With the help of the immortal Taiyi Zhenren, who uses the Seven-Colored Lotus to reconstruct their bodies, the two heroes must face numerous challenges.

    The film, with a rich narrative rooted in traditional folklore, takes audiences on an emotional journey that blends action, humor, and heart.

    Before the success of “Ne Zha 2”, “Monkey King: Hero is Back”, “Legend of Deification” and “White Snake: Afloat”, which are also inspired by Chinese mythologies, raised expectations for home-grown animated films.

    “Chinese traditional culture is a huge treasure trove for animated films”, Jiaozi noted, “Animation needs to combine China’s excellent traditional culture with a youthful, contemporary expression.”

    To this end, “Ne Zha 2” incorporates numerous elements of Chinese aesthetics: its visual style draws inspiration from Dunhuang murals; its narrative structure is influenced by the myths of the ancient text “Shan Hai Jing” (Classic of Mountains and Seas); while its soundtracks blend the features of both the Peking Opera and electronic music.

    Hollywood producer Robert King praised the film’s quality and scale after watching the premiere, saying that Chinese films have made significant strides in storytelling in recent years.

    By pushing the boundaries of both traditional Chinese aesthetics and modern animation techniques, “Ne Zha 2” sets a new standard. This breakthrough is not just an artistic triumph. It marks a critical transition in the Chinese animation industry, from “outsourcing” to developing original, world-class technology.

    MIL OSI China News –

  • MIL-OSI New Zealand: $30 million to support conservation tourism

    Source: New Zealand Government

    The Government is investing $30 million from the International Visitor Conservation and Tourism Levy to fund more than a dozen projects to boost biodiversity and the tourist economy, Conservation Minister Tama Potaka says.

    “Tourism is a key economic driver, and nature is our biggest draw card for international tourists,” says Mr Potaka.

    “Improving tourism infrastructure is good for the economy, and investing in conservation tourism is a win win.

    “Around 50 per cent of visitors cite natural landscapes and environment as their primary reason for traveling, and about 50 per cent of international tourists visit national parks.

    “While visitor satisfaction remains high, work is needed to ensure Aotearoa New Zealand continues to deliver on its promise to visitors.”

    To manage pressures at Aotearoa New Zealand’s most popular visitor sites, the Government is investing $11 million including:

    • Upgrades to huts, car parks and facilities at Aoraki Mt Cook, Rangitoto Island and Motutapu Island
    • Safety upgrades to 116 cable structures including suspension and swing bridges
    • Investment at Goat Island / Te Hāwere a Maki to improve beach access, carparking, and reflect the area’s significant cultural heritage.

    “These investments will help deliver a top-notch visitor experience at some of our most popular natural heritage sites.

    “Some will complement the Hauraki Gulf Bill that will deliver the highest ever level of environmental protection for this precious moana when it passes later this year.

    “New Zealand’s first marine reserve, Goat Island / Te Hāwere a Maki (Cape Rodney – Ōkakari Point), will be 50 years old later this year. It is among the top 10 most visited natural heritage areas with 350,000 visitors per year and has real potential for improved visitor experiences,” says Mr Potaka.

    “The benefits this will bring to the shops in Leigh, Matakana, and the surrounding area can be substantial.

    “Today’s announcement follows the Government’s launching of a new campaign to gear-up tourism for 2025 by encouraging Australians to pick New Zealand for their next holiday. We are also supporting the continued development of Māori tourism, which now contributes more than $1 billion a year to New Zealand’s economic growth,” Mr Potaka says.

    The Government is investing $19 million from the IVL into protecting biodiversity by reducing the spread of predators and invasive plant species. Investments include:

    • Stopping the spread of wallabies and managing deer and goat populations in National Parks and popular visitor areas to allow nature to thrive
    • Targeted predator control to protect native species especially the critically endangered Southern Dotterel birds in Rakiura National Park
    • Stopping and removing wilding pines from our iconic landscapes.

    “By expanding predator control, we will improve the protection of critically endangered species in national parks and grow the number of iconic birds for visitors to enjoy.

    “Wallabies have a terrible impact on indigenous forests such as at the popular Lakes Tarawera and Okataina, and down in Canterbury.

    “These investments funded from the International Visitor Conservation and Tourism Levy will deliver better visitor experiences and improved environmental outcomes and ultimately provide a boost for sustainable tourism and growth,” Mr Potaka says.

    The funding covers work across the next three years and comes from money raised under the previous $35 IVL rate.

    MIL OSI New Zealand News –

  • MIL-OSI USA: DLE NEWS RELEASE – Warning Public of Latest Phone Scam 2025

    Source: US State of Hawaii

    DLE NEWS RELEASE – Warning Public of Latest Phone Scam 2025

    Posted on Feb 14, 2025 in Latest Department News, Newsroom

    DEPARTMENT OF LAW ENFORCEMENT

    Ka ʻOihana Hoʻokō Kānāwai

    JOSH GREEN, M.D.

    GOVERNOR 

    KE KIAʻĀINA

    MIKE LAMBERT

    DIRECTOR

    KA LUNA HO‘OKELE

    SHERIFF IMPERSONATORS, EXTORTION SCAM ALERT

    FOR IMMEDIATE RELEASE

    February 14, 2025

    HONOLULU – Recurring Sheriff impersonator incidents have prompted the Department of Law Enforcement (DLE) to issue additional scam warnings. In recent weeks, several people have had callers claiming to be deputy sheriffs tell them that they have outstanding warrants because they failed to appear in court. These are similar to scam calls that happened around this time last year.

    Hawaiʻi residents are also advised not to provide credit card numbers, bank account information or other personal information to callers claiming to represent a law enforcement agency.

    If you receive a call, text or email matching this scam, please alert the DLE Criminal Investigation Division by calling 808-587-5050.

    TIPS TO PROTECT YOURSELF:

    • Do not communicate with unsolicited email or phone text senders.
    • Do not open emails, attachments or links sent by text from unknown individuals.
    • Never provide personal information of any sort via phone, text or email. Be aware that many emails requesting your personal information appear to be legitimate.

    # # #

    Media Contacts:

    Wayne Ibarra

    Acting Public Information Officer

    Hawai‘i Department of Law Enforcement

    Office: 808-587-5031

    Cell: 808-757-0500

    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI USA: Governor Newsom announces appointments 2.14.25

    Source: US State of California 2

    Feb 14, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Melissa Stone, of Elk Grove, has been appointed Chief Deputy Director at the Department of Child Support Services. Stone has been Deputy Director of the Disability Insurance Branch at the Employment Development Department since 2022, where she was previously a Division Chief from 2020 to 2022. She held several roles at the Franchise Tax Board from 2014 to 2020, including Section Manager, Assistant Section Manager, and Compliance Program Manager. Stone was Chief of the Casualty Insurance Section at the Department of Health Care Services from 2011 to 2014, where she was previously Chief of the Overpayments Unit from 2009 to 2011. She earned a Master of Business Administration degree from the University of Phoenix and a Bachelor of Arts in Psychology from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $189,600. Stone is registered with no party preference.

    Stephanie Weldon, of McKinleyville, has been appointed Deputy Director of the Office of Health Equity at the Department of Public Health. Weldon has been Chief Operations Officer at United Indian Health Services since 2024. She was the Director of the Office of Tribal Affairs at the California Department of Social Services from 2021 to 2024. Weldon was a Program Associate for the Indian Child Welfare Act and Tribal Social Services Specialist at the Child and Family Institute of California from 2020 to 2021. She was Director of Health and Human Services for the Yurok Tribe from 2019 to 2020. Weldon held several roles at the Humboldt County Department of Health and Human Services from 2014 to 2019, including Child Welfare Director, Social Services Branch Director, and Deputy Director. She was Director of Social Services for the Yurok Tribe from 2010 to 2013. Weldon is a member of the Yurok Tribe, National Indian Child Welfare Association, and California Department of Public Health Tribal Equity Advisory Group. She earned a Master of Social Work degree and a Bachelor of Arts degree in Native American Studies from Humboldt State University. This position requires Senate confirmation, and the compensation is $191,868. Weldon is a Democrat.

    Melissa Gear, of Elk Grove, has been appointed Deputy Director of Legislative and Governmental Affairs at the Department of Health Care Access and Information. Gear has been Deputy Director of Board and Bureau Relations at the California Department of Consumer Affairs since 2022. She was the Chief Deputy Legislative Director at the Department of Insurance from 2014 to 2022. Gear was a Legislative Advocate at the California State Teachers’ Retirement System from 2008 to 2014. She was a Legislative Coordinator and Fiscal Coordinator at the California Attorney General’s Office from 2005 to 2008. Gear was a Fiscal and Policy Analyst at the California Legislative Analyst’s Office from 2003 to 2005. She was an Executive Fellow and Legislative Representative at the California Department of Education from 2002 to 2003. She is a Nehemiah Emerging Leaders Program Senior Fellow. Gear earned a Master of Public Health and Administration degree from New York University and a Bachelor of Arts in American Studies from University of California, Berkeley. This position does not require Senate confirmation, and the compensation is $158,400. Gear is a Democrat.

    Daniel Millsap, of Folsom, has been appointed Deputy Director of the Real Estate Services Division at the California Department of General Services. Millsap has been Deputy Director for Capital Outlay Programs at the California Conservation Corps since 2019. He was Project Director III at the California Department of General Services in 2018. Millsap held several positions at the California Department of Parks and Recreation from 2007 to 2018, including Construction Supervisor III, Construction Supervisor II Lead, and Construction Supervisor II. He was Project Manager at 4Leaf, Inc., from 2006 to 2007. Millsap was Regional Health and Safety Officer at Kennedy Jenks Consultants from 2002 to 2006. He was Staff Engineer at Kleinfelder from 2001 to 2002. Millsap is a member of the American Society of Civil Engineers. He earned a Bachelor of Arts degree in Civil Engineering from University of the Pacific. This position does not require Senate confirmation, and the compensation is $195,960. Millsap is a Democrat.

    Katie Hardeman, of Sacramento, has been appointed Chief Deputy Executive Director at the State Board of Education. She has been a Legislative Advocate at the California Teachers Association since 2019. She was a Consultant for the California Assembly Budget Committee from 2013 to 2019. Hardeman was a Senior Legislative Aide for Assemblymember Susan Bonilla at the California State Assembly from 2011 to 2013. She was an Executive Assistant for Assemblymember Jose Solorio at the California State Assembly in 2011. Hardeman was a Legislative Assistant at Johan Klehs and Company from 2009 to 2010. She is a member of the Women’s Leadership Program at Leadership California and a player for the California Storm, a semi-professional women’s soccer team. Hardeman earned a Bachelor of Arts degree in History from California State University, Sacramento. This position does not require Senate confirmation, and the compensation is $210,000. Hardeman is a Democrat.

    Richard Roth, of Riverside, has been appointed to the Unemployment Insurance Appeals Board. Roth was a State Senator at the California State Senate from 2012 to 2024. He was a Managing Member at Roth Carney LLC from 2011 to 2012. Roth was a Managing Partner at Roth Carney Knudsen LLP from 2008 to 2011. He was a Partner at Carney and Delany LLP from 2003 to 2008. Roth was a Partner and Managing Partner at Reid & Hellyer, APC from 1981 to 2003. He served in the United States Air Force from 1975 to 2007, where he retired as a Major General. Roth is a member of the Monday Morning Group of Western Riverside County and Greater Riverside Chambers of Commerce. He earned a Juris Doctor Degree from Emory University and a Bachelor of Arts degree in Political Science from Miami University. This position requires Senate confirmation, and the compensation is $180,840. Roth is a Democrat.

    Seanna Griffis, of Sacramento, has been appointed Special Assistant to the Secretary and Undersecretary at the Government Operations Agency. Griffis has been Legislative Manager at the California Department of Food and Agriculture since 2024. She was an Associate Governmental Program Analyst at the Government Operations Agency from 2022 to 2024. Griffis was Management Services Technician at the California Energy Commission from 2021 to 2022. She was a Paralegal at HealthSentry from 2020 to 2021. Griffis was Legislative Coordinator at the California Veterinary Medical Association from 2019 to 2020. She earned a Bachelor of Science degree in Agricultural Business and Management from the California State University, Chico. The position does not require Senate confirmation, and the compensation is $100,008. Griffis is registered without party preference.

    Christopher Contreras, of Northridge, has been appointed to the Behavioral Health Services Oversight and Accountability Commission. He has been Chief Operating Officer at Brilliant Corners since 2023, where he has held several roles since 2014, including Chief Program Officer, Director of Flexible Housing Subsidy Pool, Associate Director of Flexible Housing Subsidy Pool Operations & Housing Acquisitions and Housing Acquisitions Manager for the Flexible Housing Subsidy Pool. Contreras was a Data Analyst and Surveyor at Data Stream Market Intelligence Inc. from 2008 to 2014. Contreras was a Program Coordinator at the University of California, Santa Barbara Community Housing Office from 2005 to 2007. He earned a Bachelor of Arts degree in Political Science from University of California, Santa Barbara. This position does not require Senate confirmation, and there is no compensation. Contreras is a Democrat. 

    Makenzie Cross, of Elk Grove, has been appointed to the Behavioral Health Services Oversight and Accountability Commission. Cross has been a Youth Leader at KAI Partners since 2024. She was a Service Coordinator for Early Intervention at Alta California Regional Center in 2024. Cross was a Behavioral Specialist at the Center for Social Dynamics from 2022 to 2023. She is a member of Impact 100 Greater Sacramento. Cross earned a Bachelor of Science degree in Biological Sciences from the University of California, Merced. This position does not require Senate confirmation, and there is no compensation. Cross is a Democrat. 

    Robert Callan, Jr., of San Francisco, has been appointed to the Behavioral Health Services Oversight and Accountability Commission. Callan has been a Realtor at Sotheby’s International Realty since 2020. He was a Realtor at McGuire Real Estate from 2005 to 2020. Callan is a member of The Olympic Club, Screen Actors Guild, The Dolphin Club, California Association of Realtors, National Association of Realtors, and San Francisco Association of Realtors. He earned a Bachelor of Arts degree in English from Boston College. This position does not require Senate confirmation, and there is no compensation. Callan is registered with no party preference. 

    Jody Kolbach, of Watsonville, has been appointed to the 14th District Agricultural Association Santa Cruz Fair Board. Kolbach has been the Senior Director of HR Services at Granite Construction since 2025, where she held multiple positions from 2008 to 2021 including Director of HR Transformation and Services, Continuous Improvement Leader, Supply Chain Sourcing Manager, and Senior Finance Analyst. Kolbach was a Worldwide Operations Controller at Seagate Technologies from 2003 to 2008. She earned a Master of Business degree from the University of Phoenix and a Bachelor of Art degree in Accounting from Kansas State University. This position does not require Senate confirmation and there is no compensation. Kolbach is a Democrat.

    Press Releases, Recent News

    Recent news

    Feb 14, 2025

    News What you need to know: California’s work to pre-deploy resources ahead of this week’s major storms paid off with successful rescue efforts and no major damage reported. SACRAMENTO — Governor Gavin Newsom today praised the proactive emergency response efforts that…

    Feb 14, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced his appointment of 14 Superior Court Judges: seven in Los Angeles County; one in Modoc County; two in Riverside County; one in San Diego County; one in San Mateo County; one in Tulare County; and one in Ventura…

    Feb 14, 2025

    News What you need to know: Governor Newsom today announced that the Delta Conveyance Project has received a required permit to advance the project, which will upgrade the State Water Project to allow the state to capture and move more water efficiently.  SACRAMENTO —…

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: New Kashmir is no longer a story of conflict, but a story of trust being restored, faith being rewarded, says Vice-President

    Source: Government of India (2)

    New Kashmir is no longer a story of conflict, but a story of trust being restored, faith being rewarded, says Vice-President

    Highest voter turnout in 35 years during the 2024 Lok Sabha polls in J&K reflects democracy’s true resonance, says Vice-President

    The region is a confluence of confidence and capital, says VP

    Abrogation of Article 370 gave wings to the aspirations of generations, says VP

    Dr. B.R. Ambedkar refused to draft Article 370; Sardar Patel integrated most princely states but not Jammu & Kashmir, says VP

    Investment proposals worth ₹65,000 crores received in Jammu & Kashmir signal a new era of progress, says VP

    VP Addresses the 10th Convocation of Shri Mata Vaishno Devi University in Katra

    Posted On: 15 FEB 2025 2:02PM by PIB Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar today said, “Jammu and Kashmir, which had the highest voter turnout in 35 years during the 2024 Lok Sabha polls, witnessed a 30-point increase in participation in the Kashmir Valley. Democracy has found its real voice, its real resonance. The region is no longer a story of conflict; Every investment proposal in New Kashmir isn’t just about capital, it’s about trust being restored, faith being rewarded.
    The change is not imperceptible; it is perceptible. Perception has changed, ground reality is changing, hopes of the people are soaring”, he stated.

    Addressing the gathering at the 10th Convocation Ceremony of Shri Mata Vaishno Devi University (SMVDU), Katra, Jammu &Kashmir today, Shri Dhankhar said, “In just two years, Jammu and Kashmir received investment proposals worth ₹65,000 crores, signaling strong economic interest in the region. For the first time since 2019, Foreign Direct Investment (FDI) has entered Jammu and Kashmir, with multiple international companies showing interest. The region is a confluence of confidence and capital,” he stated.

    “The aspirations of generations found wings when the constitutional walls of separation crumbled in 2019 with the historic abrogation of Article 370. To the young minds present, I would like to emphasize that Article 370 was a temporary provision. Dr. B.R. Ambedkar, the architect of the Indian Constitution, refused to draft it. Sardar Patel, who integrated most princely states into the Indian Union, was unable to integrate Jammu & Kashmir. In 2019, a new journey began on this sacred land—one from isolation to integration,” said Shri Dhankhar.

    He further said, “In 2023, over 2 crore tourists visited Jammu and Kashmir, giving a tremendous boost to the local economy. What was once called heaven on earth is now a symbol of hope and prosperity,” said the Vice-President.

    The Vice-President further said, “A great son of the soil once voiced the demand for ‘Ek Desh Mein Ek Nishan, Ek Vidhan, Ek Pradhan.’ That dream has been accomplished. Where there was once disorder, we now witness real order and stability.”

    “Nationalism is our identity. It is our supreme duty to always prioritize national interest above everything else. No political or personal interest is greater than the interest of the nation,” he urged.

    Highlighting the importance of duties, the Vice President said, “Every individual has certain duties. Our culture teaches us what our duties are. We must discharge our civic duties diligently, and when we do so, the results will be remarkable. We must march ahead, fast-tracking our journey toward a developed Bharat. One significant step in this direction is the transformation from the Danda Vidhan to the Nyaya Vidhan—unshackling the colonial mindset.”

    “You are living in a confident and resilient India. Today, Bharat is being celebrated globally as a favorite destination for investment and opportunity. Never before in our history since independence has the voice of an Indian Prime Minister been so resonant with global leaders,” he added.

    He emphasized that the transformation in Jammu & Kashmir is not just a regional phenomenon but a significant part of India’s national renaissance.

    “The winds of change have brought peace and progress. Let us be the architects of a new dawn for Jammu & Kashmir and for Bharat,” he concluded.

    Shri Manoj Sinha, Lieutenant Governor of UT of J&K, Shri Omar Abdullah, Chief Minister of UT of J&K, Smt. Sakeena Masood, Minister of Education UT of J&K and other dignitaries were also present on the occasion.

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    JK

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Casting Nets, Catching Success

    Source: Government of India (2)

    Casting Nets, Catching Success

    India’s Fisheries on the Rise

    Posted On: 15 FEB 2025 10:18AM by PIB Delhi

    Introduction:

    India is the second largest fish producing country with around 8% share in global fish production. Over the past two decades, India’s fisheries sector has witnessed significant growth and transformation. From technological advancements to policy reforms, the period from 2004 to 2024 has been marked by milestones that have bolstered India’s position in global fisheries and aquaculture. The Union Budget 2025-26, proposed the highest ever total annual budgetary support of Rs. 2,703.67 crores for the fisheries sector. This is a testament to India’s achievement as a leader in aquaculture and seafood exports!

    “THE SUNRISE SECTOR” IN THE UNION BUDGET 2025-26

    The 2025-26 budget announcement strategically focuses on enhancing financial inclusion, reducing financial burden on farmers by reducing custom duties and furthering development of the marine fisheries.

    Additionally, The Budget 2025-26 highlights enabling a framework for sustainable harnessing of fisheries from Exclusive Economic Zone (EEZ) and High Seas with special focus on Lakshadweep and A&N Islands. This will ensure sustainable harnessing of the untapped potential of the marine fish resources in the Indian EEZ and adjacent High Seas for growth in the marine sector.

    The Government of India also increased the Kisan Credit Card (KCC) lending limit from ₹3 lakh to ₹5 lakh to enhance credit accessibility for fishers, farmers, processors and other fisheries’ stakeholders. This move aims at streamlining the flow of financial resources ensuring that necessary funds are easily accessible for fulfilling working capital requirements of the sector.

    Two Decades of Success

    Increase in Production: Fish production increased to an impressive 184.02 lakh tons (2023-24) from 95.79 lakh tons (2013-14) and 63.99 lakh tons (2003-04) registering an increase of 88.23 lakh tons in 10 years (2014-24) as compared to an increase of 31.80 lakh tons (2004-14).

    Increase in Inland and Aquaculture Fish Production: A tremendous increase of 77.71 lakh tons was achieved in Inland and Aquaculture fish production from 2014-24 as against the 26.78 lakh tons achieved from 2004-14.

    The marine fish production doubled to 10.52 lakh tons (2004-14) from 5.02 lakh tons (2014-24).

    As reported by Marine Products Export Development Authority (MPEDA), during the financial year 2023-24, India exported 17,81,602 MT of Seafood worth ₹ 60,523.89 Cr. The export value has witnessed a significant jump from 609.95 Cr in 2003-04.

    Policy Initiatives and Schemes:

    Blue Revolution: The Blue Revolution scheme was the first step towards making the fisheries sector economically viable and robust. With its multi-dimensional activities, Blue Revolution focuses mainly on increasing fisheries production and productivity from aquaculture and fisheries resources, both inland and marine. The Blue Revolution Scheme was launched in FY2015-16 with a central outlay of Rs. 3000 crores for 5 years.

    However, as the sector needed reforms to address critical gaps across the value chain; Thus, the Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme was conceived in 2020 to help the fisheries sector achieve new heights while ensuring socio-economic welfare of fishers, fish farmers and other stakeholders. The Pradhan Mantri Matsya Sampada Yojana (PMMSY) is being implemented for a period of five years (2020-21 to 2024-25) with an investment of Rs 20,050 crore. The initiative delves into the domain of inland fisheries and aquaculture, recognizing their pivotal role in bolstering production and ensuring robust food security.

    Source: https://pmmsy.dof.gov.in/#schemeIntro

    INITIATIVES UNDER PMMSY

    1. Fish Farmers Producer Organisations (FFPOs)– Under the ongoing PMMSY, there is a provision to provide financial assistance for setting up of Fish Farmers Producer Organisations (FFPOs) to economically empower the fishers and fish farmers and enhance their bargaining power which ultimately help to improve the standard of living of fishers.

    The Department of Fisheries has so far accorded approval for setting up of a total of 2195 FFPOs at a total project cost of Rs.544.85 crore comprising 2000 fisheries cooperative as FFPOs and 195 new FFPOs. Further, to facilitate access to institutional credit by fishers and fish farmers, Kisan Credit Card facility has been extended to fisheries since 2018-19 and till date 4,50,799 KCC card have been sanctioned to fishers and fish farmers.

    1. Fisheries and Aquaculture Infrastructure Development Fund (FIDF)-

    In the Union Budget 2018, the Hon’ble Finance Minister announced setting up of a Fisheries and Aquaculture Infrastructure Development Fund (FIDF) for fisheries sector. Accordingly, during 2018-19, a dedicated fund, FIDF was created with a total funds size of Rs 7522.48 crore.

    The Department of Fisheries, has approved a total 136 project proposals/projects at a total cost of Rs.5801.06 crore with project cost restricted for interest subvention at Rs.3858.19 crore received from various State Governments/UTs and other eligible entities. Extension of FIDF will further intensify development of various fisheries infrastructures.

    1. Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana-

    The Union Cabinet approved the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PMMKSSY), a Central Sector Sub-scheme under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in February 2024 for a period of four years from FY 2023-24 to FY 2026-27. PM-MKSSY will be implemented in all the States and Union Territories with an estimated outlay of ₹6000 crore. PM-MKSSY intends to address the inherent weaknesses of the sector through identified financial and technological intervention for bringing in institutional reforms to support the transformation of the fisheries sector in the Long-term.

    Integrated Aqua Parks Under PMMSY-

    4. The Department of Fisheries in India has been actively promoting the development of integrated aquaparks to boost the fisheries sector. These aquaparks are part of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) and aim to enhance the aquaculture value chain through various initiatives. The Department has accorded approval for setting up of a total 11 integrated aquaparks in the country at a total cost of Rs 682.6 crore.

    1. Artificial Reefs Deployed Under PMMSY-

    Artificial reefs are man-made structures placed on the seafloor to enhance marine habitats and ecosystems. These structures mimic natural reefs and provide shelter, food sources, and breeding grounds for various marine organisms. In India, the Department of Fisheries has been actively promoting the installation of artificial reefs across coastal states to support sustainable marine fisheries conservation efforts. These initiatives aim to rejuvenate coastal fisheries, rebuild fish stocks, and enhance marine biodiversity. The Department of Fisheries, with technical support from the Fishery Survey of India (FSI) and ICAR-Central Marine Fisheries Research Institute (CMFRI), is committed to promoting sustainable practices and improving the livelihoods of coastal communities through these projects. As on Sep 2024, installation of 937 artificial reefs have been approved at a project cost of Rs. 291.37 crore in the states/UTs of AP, Gujarat, Lakshadweep, Karnataka, Odisha, Maharashtra, Goa, Kerala, Puducherry, Tamil Nadu, and West Bengal.

    1. Designated NBCs Under PMMSY-

    The Department of Fisheries in India has designated specific Nucleus Breeding Centres (NBCs) to enhance the genetic quality of aquaculture species. These NBCs play a crucial role in improving the productivity and quality of species like shrimp, which are vital for both domestic consumption and export.

    Technological Advancements:

    • Satellite Technology Integration: National Rollout Plan for Vessel Communication and Support System, application of Oceansat, Potential Fishing Zones (PFZ) etc., undertaken by Department of Fisheries on application of space technologies in the fisheries sector.
    • GIS-Based Resource Mapping: Implementation of Geographic Information System (GIS) technology for mapping marine fish landing centers and fishing grounds, aiding in effective resource management.

    The components of the scheme for strengthening of database and geographical information system GIS for fisheries sector are as under:

    ICAR-Central Institute of Fisheries Education (CIFE): A Centre of Excellence

    The Central Institute of Fisheries Education (CIFE), established in 1961, is India’s leading institution for higher education and research in fisheries. CIFE has trained more than 4,000 fisheries extension workers and professionals who play a crucial role in promoting sustainable fisheries practices across the country. CIFE’s role in capacity building has been critical to the growth of India’s fisheries sector.

    Key highlights of India’s sustainable fishing efforts include:

    National Policy on Marine Fisheries (NPMF, 2017): The Government of India has introduced the NPMF, which places a strong emphasis on sustainability as the core principle for all marine fisheries actions. This policy guides the conservation and management of India’s marine fishery resources.

    Regulation and Conservation Measures: To ensure the long-term sustainability of marine fish stocks, the Government has implemented several conservation measures, including:

    • Uniform Fishing Ban: A 61-day uniform fishing ban during the monsoon season in the EEZ to allow fish stocks to replenish.
    • Prohibition of Destructive Fishing Methods: Bans on pair trawling, bull trawling, and the use of artificial LED lights in fishing, which help reduce overfishing and minimize damage to marine ecosystems.
    • Promotion of Sustainable Practices: Encouraging sea ranching, the installation of artificial reefs, and mariculture activities such as seaweed cultivation.
    • Fisheries Regulations by States/UTs: Coastal States/UTs have also implemented gear-mesh size and engine power regulations, minimum legal size (MLS) of fish, and zonation of fishing areas for different types of vessels, contributing to sustainable fishing.

    Conclusion:

    The period from 2004 to 2024 has been transformative for India’s fisheries sector. Through concerted efforts in policy implementation, technological integration, and sustainable practices, India has not only enhanced its fish production but also ensured the socio-economic development of its fishing communities. As the nation moves forward, continued focus on innovation and sustainability will be key to maintaining this upward trajectory.

    References:

    Download in PDF

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  • MIL-OSI Asia-Pac: Director-General of Investment Promotion visits Japan and Korea to attract business investment to Hong Kong

    Source: Hong Kong Government special administrative region

    Director-General of Investment Promotion visits Japan and Korea to attract business investment to Hong Kong
    Director-General of Investment Promotion visits Japan and Korea to attract business investment to Hong Kong
    ******************************************************************************************

         ​Japan and Korea are two of Hong Kong’s top trading partners, with bilateral trade reaching over HK$307 billion with Japan and HK$355 billion with Korea in 2024. As Asia’s leading international business hub, Hong Kong serves as a strategic gateway for Japanese and Korean enterprises looking to expand into Mainland China and beyond.           The Director-General of Investment Promotion at Invest Hong Kong, Ms Alpha Lau, will commence her duty visit to Tokyo in Japan and Seoul in Korea tomorrow (February 17) to promote Hong Kong’s latest business opportunities.           During the visit, Ms Lau will meet with representatives from prominent Japanese and Korean corporations, business associations and incubators in various sectors, including financial services, business and professional services, fintech, and innovation and technology, to discuss their plans to set up or expand in Hong Kong, and how Hong Kong can serve as a strategic gateway to global markets.             In Japan, among other meetings, Ms Lau will also meet representatives from FINOLAB, the fintech centre of Tokyo; Fintech Association of Japan; Japan Cryptoasset Business Association and Global Finance and Technology Network Japan to foster innovation and collaboration in the fintech sector. She will also speak at the Economist Intelligence Corporate Network event to discuss how Hong Kong’s favourable business environment has attracted foreign direct investment.           In Korea, Ms Lau will visit D.CAMP, one of the largest start-up hubs in the country, and meet with its start-ups to further enhance ties between Hong Kong and Korea’s vibrant start-up ecosystem.           Ms Lau said, “We have 34 offices worldwide, with our Tokyo and Seoul offices being among the earliest established. This underscores the longstanding close economic and trade relations between Hong Kong, Japan, and Korea. Thanks to its strategic location, Hong Kong serves as the main bridge linking the Mainland and the rest of the world, with a strong emphasis on fostering artificial intelligence, life sciences, and other innovation-driven industries. It is an ideal place for Japanese and Korean companies and entrepreneurs to expand in the region.”           She added, “There is an ongoing interest in Japanese and Korean pop culture and cuisine in Hong Kong. An increasing number of Japanese and Korean food and beverage companies have shown interest in setting up or expanding their business in the city.”           According to the results of the 2024 Annual Survey of Companies in Hong Kong with Parent Companies Located outside Hong Kong, Japanese companies have a significant presence in Hong Kong, with over 1 400 Japanese companies operating in the city, a 2.3 per cent increase compared to 2023. There were 160 Korean companies operating in Hong Kong in 2024, representing a notable 11.2 per cent increase compared to 2023.

     
    Ends/Sunday, February 16, 2025Issued at HKT 14:00

    NNNN

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  • MIL-OSI Asia-Pac: Follow-up on incident of water turned red in Tuen Mun River

    Source: Hong Kong Government special administrative region

    Follow-up on incident of water turned red in Tuen Mun River
    Follow-up on incident of water turned red in Tuen Mun River
    ***********************************************************

         The Environmental Protection Department (EPD) and the Drainage Services Department (DSD) are following up on the incident that the water of Tuen Mun River was found red.     The EPD received a report at around 5pm today (February 15), stating that some water of Tuen Mun River had turned red. The EPD and the DSD immediately arranged staff to the scene for investigation.     Investigating officers found that the river water had resumed normal and was no longer red. No fish deaths were found at the scene. On-site tests also showed that the water quality indicators (including pH levels, dissolved oxygen, etc) remained normal. The EPD staff have collected water samples for further investigations.     Initial investigation revealed that there was draining pipe testing with red dye powder. The DSD had confirmed that it did not conduct any dye testing there. The EPD and the DSD will continue to follow up on the incident.

     
    Ends/Saturday, February 15, 2025Issued at HKT 20:50

    NNNN

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  • MIL-OSI Asia-Pac: CSIR-NIScPR Hosts One-Day Workshop on the Need and Significance of Communicating Science in India

    Source: Government of India (2)

    Posted On: 15 FEB 2025 5:18PM by PIB Delhi

    The Council of Scientific & Industrial Research – National Institute of Science Communication and Policy Research (CSIR-NIScPR) successfully organized a one-day workshop on the “Need and Significance of Communicating Science in India” at its premises in New Delhi. The event aimed to evaluate existing efforts in science communication in Indian languages and explore strategies to enhance public engagement with science across diverse linguistic communities of India.

    In her welcome address, Prof. Ranjana Aggarwal, Director, CSIR-NIScPR, emphasized the crucial role of science communication in bridging the gap between scientific research and society. She highlighted the importance of communicating science in regional languages to ensure inclusivity and broader outreach, stating, “True scientific progress is inclusive. Promoting science in regional languages ensures that knowledge reaches every corner of society.” Dr. Naresh Kumar, Head, PME, provided introductory remarks, reinforcing the need to disseminate scientific knowledge in regional languages. Dr. Manish Mohan Gore, Senior Scientist, CSIR-NIScPR and Primcipal Investigator of Indian language project said that public engagement is essential to percolate the authentic information of science and technology in regional languages of the country.

    The workshop featured insightful discussions by esteemed speakers from various scientific and media institutions. Shri Deepak Kumar, Assistant Director, Commission for Scientific and Technical Terminology, addressed “Current Form, Problems, and Utility of Science Terminology.” Shri Balendu Sharma, Digital Media Communication Head, Microsoft, provided insights into “The Present and Future of AI and the Digital World.” Dr. Santosh Kumar Shukla, Executive Secretary, National Academy of Sciences, India, discussed “Science Writing and Popular Science Literature in Indian Languages,” while Ms. Neha Tripathi, a Digital and Social Media Expert, elaborated on “Different Sources of Scientific Content and Their Authenticity.”

    Further, Dr. Krishna Nand Pandey, Former Scientist-F, ICMR, highlighted “The Role of Health Communication in Creating Awareness in Indian Society.” Ms. Ankita Mishra, Editor, NRDC, explored “The Utility and Importance of Print Media in Science Popularization in the Social Media Era.”

    The afternoon session featured regional perspectives. Shri Shivanandan, Programme Executive, All India Radio, shared insights into “Radio and Agricultural Science Programmes: Nature and Possibilities.” Shri Samir Ganguly, Science Writer, highlighted “Social References of Science Fiction Stories.”

    The workshop provided a dynamic platform for experts, communicators, and participants to engage in meaningful interactions. Discussions yielded policy recommendations to strengthen science communication in Indian languages, emphasizing increased academia-government-media collaboration and strategies for capacity building among science communicators. The event drew 40 participants, including faculty and students from Banaras Hindu University, Central Sanskrit University, Gurugram University, and CSIR-NIScPR, along with scientists, researchers, and policymakers. A total ofo8 speakers participated, with 06 joining online and 02 attending in person, fostering a rich exchange of ideas.

    The event concluded with an interactive session and a Q&A round with students, followed by closing remarks and a vote of thanks by Dr. Manish Mohan Gore, Senior Scientist, CSIR-NIScPR, and coordinator of the workshop. The workshop reaffirmed CSIR-NIScPR’s commitment to promoting accessible and inclusive science communication in India.

    About CSIR-NIScPR

    The CSIR-National Institute of Science Communication and Policy Research (NIScPR) is a constituent laboratory under the Council of Scientific & Industrial Research, Ministry of Science and Technology, Government of India. It is dedicated to science communication, policy research, and the promotion of scientific awareness among the public.

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  • MIL-OSI Asia-Pac: In Parliament, Finance Minister, Smt Nirmala Sitharaman Ji has given a very clear picture of the Indian economy and the reform trajectory we are undertaking: Prime Minister

    Source: Government of India (2)

    Posted On: 15 FEB 2025 3:59PM by PIB Delhi

    The Prime Minister, Shri Narendra Modi has praised Finance Minister Smt. Nirmala Sitharaman’s address in Parliament, stating that it provides a clear picture of the Indian economy and the reform trajectory government is undertaking.

    The Prime Minister posted on X;

    “During her remarks in Parliament, Finance Minister @nsitharaman Ji has given a very clear picture of the Indian economy and the reform trajectory we are undertaking. 

    Here are the links to her speeches…”

    https://www.youtube.com/watch?v=hf-qw-g2OwY

    https://www.youtube.com/watch?v=9PIJR-GEMRM

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    MIL OSI Asia Pacific News –

  • MIL-OSI Australia: Australian National Maritime Museum Council Appointment

    Source: Australian Ministers 1

    The Albanese Labor Government has appointed Ms Nataliya Dikovskaya to the Australian National Maritime Museum Council for a three year term.

    Minister for the Arts, Tony Burke, said Ms Dikovskaya has extensive experience in the financial sector and has worked with and supported a number of arts and cultural institutions.

    “Having served on boards for various cultural institutions, Nataliya’s knowledge will be a great asset to the Museum. 

    “Nataliya has also worked for many years in the financial sector and is equipped with extensive insight in the industry.”

    The Australian National Maritime Museum is dedicated to exploring Australia’s maritime history through topics of migration, archaeology, ocean science, commerce, culture and lifestyle, and honours the stories of First Nations peoples’ living cultural connection to ancestral waters. 

    Natalia Dikovskaya has worked in the financial services industry for over 17 years and is currently a Senior Adviser at Minchin Moore Private, and the Director of financial planning firm NASHAUS Consulting.

    Ms Dikovskaya is the Chair of the Adelaide Park Lands Art Prize and is a member of the Finance, Audit and Risk sub-committee of the State Theatre Company of South Australia.

    Since 2024, Ms Dikovskaya has been a member of the Collectors Committee of the Art Gallery of South Australia and previously served as a member on the Helpmann Academy Foundation Board, which develops pathways for emerging creatives in the performing and visual arts. 

    Ms Dikovskaya holds a Masters of Applied Finance and is a Certified Financial Planner through the Financial Planning Association. 

    MIL OSI News –

  • MIL-OSI Australia: Canberra light rail steams ahead

    Source: Australian Ministers 1

    Canberra’s light rail is one step closer to reaching Woden, with construction beginning today on the Stage 2A extension. 

    Stage 2A of the Canberra Light Rail involves extending the existing rail network from Civic to Commonwealth Park to improve transport connections as the capital grows. 

    Canberra is one of Australia’s fastest growing cities with the population predicted to approach 750,000 by mid-century.

    This $577 million joint investment by the Albanese and Barr Labor Governments will prevent future congestion and provide greater ease of movement through our capital.  

    The project includes the construction of 1.7 kilometres of new rail line from Alinga Street to Commonwealth Park, a new bridge over Parkes Way, and three new stations for City Edinburgh Avenue, City South and Commonwealth Park. 

    Once complete, the new rail connection will unlock housing and commercial opportunities and bring Canberra’s CBD closer to the lake.

    Construction is due to be complete in 2027. Light rail services will connect Gungahlin and North Canberra to City West, the ANU, New Acton, Commonwealth Park and Lake Burley Griffin. 

    The Stage 2A project is expected to create 1000 jobs and shape the way visitors and locals move around the city. 

    Quotes attributable to Federal Infrastructure, Transport, Regional Development and Local Government Minister Catherine King:

    “Light rail is future-proofing Canberra with a modern public transport system, connecting residential areas with employment precincts, and recreation and lifestyle hubs.

    “This is about more than just transport, it’s about reshaping the way people move around Canberra and unlocking the growth of our nation’s capital.

    “It’s one of a number of significant projects we’re investing in to build Australia’s future, from the cities to the suburbs.”

    Quotes attributable to Federal Minister for Finance and Senator for the ACT Katy Gallagher:

    “When I was ACT Chief Minister, I saw the potential that light rail had to transform and connect our city and that’s why we started this project.

    “Stage one of light rail has proven popular and has transformed the City to Gungahlin corridor and I am excited to see the next stage of this project getting underway to extend the tracks south of the lake.

    “Only Labor delivers investments in city-changing projects like this one that build Canberra, create jobs and grow our local economy.”

    Quotes attributable to ACT Chief Minister Andrew Barr:

    “Light rail is a long-term asset for Canberra.

    “It will service our city for decades to come.

    “I’m pleased to see construction on Light Rail to Commonwealth Park in the heart of our city, connecting to the future Acton Waterfront, more homes and better commercial precincts in an underused part of our CBD.

    “This is the next stage of a long-term plan to make the Canberra we love, even better.”

    Quotes attributable to ACT Minister for Transport Chris Steel:

    “Light rail has proven the benefits of mass transit in Canberra.

    “This next stage is critical to building out the network and delivering better public transport to the rest of the city.

    “Stage 2A is part of our wider vision of building a north-south light rail line to Woden, integrated with electric buses to our suburbs.

    “The extension of the light rail network will also support more housing, so that more people can choose to live in well-located areas close to public transport and access to services.”

    Quotes attributable to Federal Member for Canberra Alicia Payne MP: 

    “Canberra’s light rail is one of the most transformative infrastructure projects in our city’s history, and this next stage will make it even easier for people to get around. 

    “With construction now underway on Stage 2A, we are bringing light rail closer to the lake, unlocking new opportunities for housing and businesses, and ensuring our growing city has the modern, sustainable transport it needs.

    “This project is about making Canberra an even better place to live, work, and visit—now and for future generations.”

    MIL OSI News –

  • MIL-OSI: Federal Reserve Role in U.S. Sovereign Wealth Fund forecasted by Global Policy Advisors

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 16, 2025 (GLOBE NEWSWIRE) — Global Policy Advisors LLC, recognized for devising the first governance and policy roadmap for a U.S. sovereign wealth fund, forecasts a significant role for the Federal Reserve in funding the proposed U.S. SWF. As President Trump’s Executive Order moves forward, directing the Secretaries of the Treasury and Commerce to develop a plan within 90 days, GPA’s Salar Ghahramani predicts that the Federal Reserve could be tasked with providing capital, expertise, and infrastructure for the fund, raising important questions about the central bank’s independence and the potential convergence of fiscal and monetary policy.

    GPA’s latest SWF 2050™ report, “U.S. Sovereign Wealth Fund Proposal: Governance, Funding, and Federal Reserve Implications,” explores the potential implications of using Federal Reserve assets as the funding source for the SWF. The report suggests that while this could provide immediate liquidity for the fund, it could also blur the line between fiscal and monetary policies, with long-term effects on market stability and the Fed’s ability to operate independently.

    As highlighted in recent interviews with Barron’s and Pensions & Investments, Salar Ghahramani emphasized the importance of maintaining a clear distinction between fiscal and monetary policies to avoid undermining trust in the U.S. markets. He also underscored the need for macroeconomic coordination, stating, “A nation’s economic policy should speak with one voice. Macroeconomic coordination and sound governance are essential to ensure that a sovereign wealth fund advances U.S. interests without undermining the core principles of economic stability, fiscal responsibility, and the effective functioning of monetary policy.”

    About Global Policy Advisors

    Global Policy Advisors® LLC is a boutique sovereign wealth fund advisory to corporations, boards of directors, and institutional investors—including hedge funds, private equity firms, pension funds, and SWFs. GPA’s ​expertise is delivering actionable insights, strategy sessions, and executive briefings on the governance, operations, and investment strategies of sovereign wealth funds.

    The MIL Network –

  • MIL-OSI New Zealand: Update on the Epitaph Rift and Slip, South Westland – delays extend Monday to Friday from next week

    Source: New Zealand Transport Agency

    The work to remove unstable rock material from South Westland’s Epitaph Rift is going well, says NZ Transport Agency Waka Kotahi (NZTA).

    Abseiling crews have been working on the cliff face, north of Haast, removing large rocks and exploding unstable rock features since the highway closed early November last year. Intensive rain set off numerous rockfalls and slips, closing SH6 for 13 days.

    “This week, the abseiling and rock explosive team reached an important milestone,” says Moira Whinham, Maintenance Contract Manager for NZTA on the West Coast. “The unstable layer along the crest of the rockfall has now been completely removed and benched.  This means they can now begin safely deconstructing the unstable material further down the cliff face, through to the end of March.”

    Current situation re delays for drivers/ road users

    Currently SH6 is closed in both directions between 12:30pm and 3pm Tuesday and Thursday afternoons, with Stop/Go in place between 3pm and 5pm on those two afternoons with delays for drivers.

    New timetable with crews closer to the road – Monday to Friday delays

    Now that the team is able to work down the southern margin of the rock face, there will be longer delays during the day to allow this area of the face to be scaled safely, says Miss Whinham.   

    From Monday 17 February, there will be delays of up to 30 minutes Monday to Friday between 8am and 6pm.  Full closures for blasting will continue Tuesdays and Thursdays between 12.30 pm to 3pm through to the end of March.

    “We appreciate road users’ patience while we undertake this important recovery work, affecting more people across the working week,” says Miss Whinham.

    Epitaph Slip/ below road level funding confirmed

    NZTA confirms that around $1.7 million in funding has been confirmed this week to construct a micro-pile wall along the downslope shoulder of the road (ie under the road on the 2012 slip area). 

    Work on this will begin in early March and is expected to be complete in May. “Both activities, to the upper slope and under the road, will be happening at the same time and will be coordinated across the site, but it will mean there is traffic management in place around the clock until the micro-pile work is complete,” says Miss Whinham.

    What are micro-piles?

    Micro-piles are a whole lot of little piles drilled down into the road that basically stabilise the surface.  This piece of work will deal with the stability below the road, specifically around the shoulder, and is separate from the rockfall stabilisation work. As well as the rockfall last November, there was also movement in the road surface. Cracks have since been filled, but the micro-piling is a more long-term fix.

    Longer term resilience business case, Hāwea to Knights Point, north of Epitaph slip area

    Work continues on the NZTA investment case looking at potential medium and long-term solutions for the management of the Epitaph Slip to address the vulnerability of the state highway at this location.  The business case is expected to be completed in the second half of 2025.

    This work will enable NZTA to determine a preferred long-term solution at this site in parallel with completing its SH6 Haast (Knights Point) to Hāwea Corridor Resilience Improvement Business Case.

    SH6 Epitaph Slip Investment Case

    MIL OSI New Zealand News –

  • MIL-OSI Australia: New sports high school for South-West Sydney

    Source: New South Wales Premiere

    Published: 17 February 2025

    Released by: The Premier, Deputy Premier, Minister for Education and Early Learning

    The Minns Labor Government have delivered on another election commitment with Eagle Vale High School becoming Australia’s newest sports high school, as work continues to ensure families in Western Sydney have access to world class public education opportunities.

    The school’s Talented Sports Program kicked off on day one term one this year with 60 students who successfully competed in the athletic trials last year excelling across Rugby League, Basketball and Cricket.

    The delivery of this election commitment means for the first time families in the Macarthur region have a school on their doorstep catering for students excelling in sports alongside a strong academic program.

    Previously, aspiring athletes in the region had to travel up to an hour to pursue their athletic ambitions at their nearest sports high school.

    To support Eagle Vale High School’s students the NSW Government is funding multimillion-dollar upgrades to the school with new cricket nets and upgraded change rooms already delivered.

    Further upgrade works are also underway including for a new running track, resurfacing the school’s full-sized playing field, new lighting for the sports field, new pickleball courts, a new multipurpose hall, a new Health and PE Learning Hub and a new PE Fitness Laboratory.

    The Talented Sports Program has a proven track record of nurturing some of the country’s best up-and-coming athletes, including more than 170 national senior level representatives in NRL and AFL, and professional basketballers, golfers and surfers.  

    Successful alumni of NSW sports high schools include Test cricketer Usman Khawaja, former national cricket captain Michael Clarke, soccer greats Harry Kewell and Alanna Kennedy, and former Australian rugby league captain Boyd Cordner.

    This investment is part of the Minns Labor Government’s plan to rebuild public education in NSW, ensuring families in growing Western Sydney communities have access to world-class schools, no matter their postcode. This ongoing work includes:

    • Investing a record $3.6 billion to deliver new and upgraded schools in Western Sydney
    • Delivering five new public schools across Western Sydney which welcomed students for the first time day one, term one 2025
    • Valuing the workforce by delivering the largest pay rise in a generation to NSW’s 95,000 teachers
    • Giving teachers job security by making 16,000 teachers and school support staff on temporary contacts permanent
    • Reducing teacher vacancies by 40 per cent, ensuring more students have a qualified teacher at the front of their classrooms.

    Premier of New South Wales Chris Minns said:

    “No matter the postcode we want to ensure that children across New South Wales are given every opportunity to achieve their dreams.

    “This means kids in South-West Sydney will have a real opportunity to pursue their sporting aspirations without their parents having to commit to hours of travel each day.

    “For both budding athletes and their parents, this is a game changer.

    “There is such a strong sporting culture in this part of Sydney and it’s great that the opportunities available to local school children finally reflects that.”

    Deputy Premier and Minister for Education Prue Car said:

    “The population in the Macarthur region is continuing to grow, and the Minns Labor Government is committed to supporting young people to reach their potential in their local area.

    “Previously, Macarthur students had to travel an hour or more each way to access a Talented Sports Program. Now, these students can follow their sporting dreams in their local area.

    “Eagle Vale High will be a school where some of South-West Sydney’s most talented athletes get their start as possible future Olympic champions.”

    Member for Leppington Nathan Hagarty said:

    “It is fantastic to see the upgrade works underway at Eagle Vale High School.

    “Delivering a selective sports stream for the Macarthur community is giving talented young athletes from our local area more opportunities.

    “I cannot wait to see the dividends this investment delivers for our strong local sporting community.”

    Eagle Vale High School principal Craig Butler said:

    “The community is very excited about the new sports facilities. They think it’s wonderful that we’re supporting our kids and showing a commitment to the Macarthur area.

    “We are going to have kids who will become Olympic champions and professional athletes, but as a sports high school, we can allow them to manage their study so they don’t have to make a choice between academic success and sport.

    “The students know they are part of something special and talk about the school with pride.”

    MIL OSI News –

  • MIL-OSI Africa: Has finance for green industry had an impact in Africa? What’s happened in 41 countries over 20 years

    Source: The Conversation – Africa – By Nara Monkam, Associate Professor of Public Economics, Chair in Municipal Finance within the Department of Economics, and Head of the Public Policy Hub at the University of Pretoria, University of Pretoria

    The African continent finds itself in a predicament. Advanced economies in the rest of the world developed through industrialisation: their economies transformed from mainly agricultural to industrial. This involved burning fossil fuels like coal, generating greenhouse gas emissions that caused global warming.

    African economies have trailed behind industrially. They’re now industrialising at a time when the world is moving away from fossil fuels and towards solar power, wind energy and hydropower.

    Africa has 60% of the world’s best solar resources but only 1% of the world’s installed solar power systems. Despite renewable energy capacity nearly doubling in the last decade, only 2% of global investments in renewable energy went to Africa.

    Green industrialisation could be the answer: achieving long-term economic growth and industrial development that does not harm the environment. But in most African countries, renewable energy is more expensive than fossil fuels, which are readily available in many parts of the continent. Africa is also one of the world’s poorest regions and cannot easily afford green technologies.

    So a key issue in economic development is how to stimulate green industrial productivity. Green finance (funding from banks and investors specifically for environmentally friendly projects) can fund green innovations. These include renewable energy technologies, energy-efficient building designs, or electric vehicles.

    Read more: Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand

    I am an economist who worked with a team of researchers to study the impact of green finance on industrialisation in Africa. We also wanted to find out if green innovation influenced the effect that green finance has on industrialisation. (This was measured in this study as the total industrial value added as a percentage of gross domestic product.)

    For example, switching to renewable energy like solar power reduces greenhouse gas emissions, and helps mitigate climate change. But the high costs of renewable energy equipment could harm industrial growth.

    The research analysed macroeconomic and energy, green finance and industrialisation statistics from 41 African countries between 2000 and 2020.

    Our research found that green finance offers funding opportunities for clean and innovative technologies and creating new jobs in green sectors. However, the potential of green financing to drive industrialisation through green innovation (such as renewable energy projects) is not being realised.

    Read more: How green innovation could be the key to growth for the UK’s rural businesses

    This is because renewable energy comes with high costs. There also are not enough skilled people available to run green projects. There’s a lack of proper roads, connectivity or transmission lines to connect renewable energy to the main grid. The basic conditions for industrial growth through renewable energy are not in place.

    Governments in Africa should find ways to make green innovation work. This will mean that society can enjoy the benefit of new environmentally friendly projects.

    How to make green innovation work

    African governments should focus on increasing people’s access to renewable energy projects. For this to happen, they need to put more funding and effort into developing renewable energy infrastructure. Renewable energy technologies must be available and affordable.

    Education and capacity building is needed, particularly in rural communities. For example, community-owned solar microgrid projects provide people with the skills needed to manage and look after renewable energy systems.

    Governments will need to subsidise local manufacturing of renewable energy components. When these are produced locally, this can help harness the potential of green innovation for industrialisation and also create jobs.

    Countries must co-operate regionally on green innovation. This means sharing best practices, pooling resources, and making coordinated efforts towards green industrialisation.

    Our research found that it would be useful to set up regional centres of excellence for renewable energy research and development. Regional alliances are also needed, so that countries can work together to negotiate better terms for green finance. This could enhance Africa’s journey towards the kind of green industrialisation that is cost effective and sustainable over time.

    What needs to happen next

    These steps would boost the impact of green finance on industrialisation in Africa:

    • more climate finance, including finance from the private sector

    • environmental taxation – a policy tool to limit activities, goods or services that have negative environmental impacts

    • reform of multilateral development agencies to make it easier for African countries to access to climate funds

    • development bank funding tailored to the needs of African countries. Nations that invest in renewable energy manufacturing should get tax breaks and other incentives. Green bonds that only fund renewable energy projects should be issued to attract private investors

    • vocational training and higher education programmes that focus on training people in green technologies must get government funding.

    Africa has a huge problem with trying to build some resilience to the effects of climate change, such as floods and drought. Economic development is also a challenge on the continent. Both could be addressed by green industrialisation. With the right investments in green finance, innovation and infrastructure, the continent can unlock sustainable growth, reduce poverty and help curb climate change.

    – Has finance for green industry had an impact in Africa? What’s happened in 41 countries over 20 years
    – https://theconversation.com/has-finance-for-green-industry-had-an-impact-in-africa-whats-happened-in-41-countries-over-20-years-244567

    MIL OSI Africa –

  • MIL-OSI Global: Has finance for green industry had an impact in Africa? What’s happened in 41 countries over 20 years

    Source: The Conversation – Africa – By Nara Monkam, Associate Professor of Public Economics, Chair in Municipal Finance within the Department of Economics, and Head of the Public Policy Hub at the University of Pretoria, University of Pretoria

    The African continent finds itself in a predicament. Advanced economies in the rest of the world developed through industrialisation: their economies transformed from mainly agricultural to industrial. This involved burning fossil fuels like coal, generating greenhouse gas emissions that caused global warming.

    African economies have trailed behind industrially. They’re now industrialising at a time when the world is moving away from fossil fuels and towards solar power, wind energy and hydropower.

    Africa has 60% of the world’s best solar resources but only 1% of the world’s installed solar power systems. Despite renewable energy capacity nearly doubling in the last decade, only 2% of global investments in renewable energy went to Africa.

    Green industrialisation could be the answer: achieving long-term economic growth and industrial development that does not harm the environment. But in most African countries, renewable energy is more expensive than fossil fuels, which are readily available in many parts of the continent. Africa is also one of the world’s poorest regions and cannot easily afford green technologies.

    So a key issue in economic development is how to stimulate green industrial productivity. Green finance (funding from banks and investors specifically for environmentally friendly projects) can fund green innovations. These include renewable energy technologies, energy-efficient building designs, or electric vehicles.



    Read more:
    Africa doesn’t have a choice between economic growth and protecting the environment: how they can go hand in hand

    I am an economist who worked with a team of researchers to study the impact of green finance on industrialisation in Africa. We also wanted to find out if green innovation influenced the effect that green finance has on industrialisation. (This was measured in this study as the total industrial value added as a percentage of gross domestic product.)

    For example, switching to renewable energy like solar power reduces greenhouse gas emissions, and helps mitigate climate change. But the high costs of renewable energy equipment could harm industrial growth.

    The research analysed macroeconomic and energy, green finance and industrialisation statistics from 41 African countries between 2000 and 2020.

    Our research found that green finance offers funding opportunities for clean and innovative technologies and creating new jobs in green sectors. However, the potential of green financing to drive industrialisation through green innovation (such as renewable energy projects) is not being realised.



    Read more:
    How green innovation could be the key to growth for the UK’s rural businesses

    This is because renewable energy comes with high costs. There also are not enough skilled people available to run green projects. There’s a lack of proper roads, connectivity or transmission lines to connect renewable energy to the main grid. The basic conditions for industrial growth through renewable energy are not in place.

    Governments in Africa should find ways to make green innovation work. This will mean that society can enjoy the benefit of new environmentally friendly projects.

    How to make green innovation work

    African governments should focus on increasing people’s access to renewable energy projects. For this to happen, they need to put more funding and effort into developing renewable energy infrastructure. Renewable energy technologies must be available and affordable.

    Education and capacity building is needed, particularly in rural communities. For example, community-owned solar microgrid projects provide people with the skills needed to manage and look after renewable energy systems.

    Governments will need to subsidise local manufacturing of renewable energy components. When these are produced locally, this can help harness the potential of green innovation for industrialisation and also create jobs.

    Countries must co-operate regionally on green innovation. This means sharing best practices, pooling resources, and making coordinated efforts towards green industrialisation.

    Our research found that it would be useful to set up regional centres of excellence for renewable energy research and development. Regional alliances are also needed, so that countries can work together to negotiate better terms for green finance. This could enhance Africa’s journey towards the kind of green industrialisation that is cost effective and sustainable over time.

    What needs to happen next

    These steps would boost the impact of green finance on industrialisation in Africa:

    • more climate finance, including finance from the private sector

    • environmental taxation – a policy tool to limit activities, goods or services that have negative environmental impacts

    • reform of multilateral development agencies to make it easier for African countries to access to climate funds

    • development bank funding tailored to the needs of African countries. Nations that invest in renewable energy manufacturing should get tax breaks and other incentives. Green bonds that only fund renewable energy projects should be issued to attract private investors

    • vocational training and higher education programmes that focus on training people in green technologies must get government funding.

    Africa has a huge problem with trying to build some resilience to the effects of climate change, such as floods and drought. Economic development is also a challenge on the continent. Both could be addressed by green industrialisation. With the right investments in green finance, innovation and infrastructure, the continent can unlock sustainable growth, reduce poverty and help curb climate change.

    Nara Monkam receives funding from the University of Pretoria.

    – ref. Has finance for green industry had an impact in Africa? What’s happened in 41 countries over 20 years – https://theconversation.com/has-finance-for-green-industry-had-an-impact-in-africa-whats-happened-in-41-countries-over-20-years-244567

    MIL OSI – Global Reports –

  • MIL-OSI Australia: Ambassador to the Holy See

    Source: Australian Government – Minister of Foreign Affairs

    Today I announce the appointment of the Honourable Keith Pitt as Australia’s next Ambassador to the Holy See.

    Mr Pitt served Australia as a member of the Federal Parliament from 2013 until 2025. He has served as Assistant Minister and Minister across a range of portfolios, including Trade, Tourism and Investment, Resources, and Water.

    Mr Pitt looks forward to continuing his public service in a new role advocating Australia’s interests in the Holy See, particularly in 2025 as the Holy See celebrates a Jubilee year, expecting 35 million visitors to Rome.

    Australia and the Holy See have a valuable relationship underpinned by cooperation on shared interests, including peace and conflict prevention and alleviating poverty.

    I thank former Ambassador Chiara Porro for her contributions to advancing Australia’s interests in the Holy See since 2020.

    MIL OSI News –

  • MIL-OSI New Zealand: Kiwi campaign invites Aussies to come on over

    Source: New Zealand Government

    A new campaign encouraging Australians to pick New Zealand for their next holiday gears up the industry for growth in 2025, Tourism and Hospitality Minister Louise Upston says.Marketing goes live in Australia in the week ahead, underscoring the Government’s commitment to drive international tourism alongside economic growth.“We always love to see our Australian friends holidaying here, staying with local accommodation providers, soaking up Kiwi experiences, and enjoying hospitality in restaurants, bars and cafes,” Louise Upston says.“Tourism is a crucial part of this Government’s focus on economic growth, with domestic and international tourism expenditure at almost $38 billion and supporting nearly 200,000 jobs.“This is the first investment for our Tourism Boost, utilising $500,000 from the International Visitor Conservation and Tourism Levy and there will be further initiatives to come.”Visitor numbers from Australia are currently at about 88 per cent of 2019 levels – this campaign will encourage more of our neighbours to book now and come on over.“What this Tourism New Zealand campaign says to our Aussie mates is that we’re open for business, there are some great deals on, and we’d love to see you soon.“The campaign tagline of ’Everyone must go’ lets Australia know that New Zealand is a ‘must visit’ destination, and that we’re ready and waiting to welcome them now.“The number of Australian arrivals in New Zealand increased by more than 90,000, up from 1.27 million to 1.36 million over the past year, but we know there’s more room to grow. This campaign builds on that momentum and capitalises on the work already done to establish New Zealand as an appealing destination. “Figures indicate that around 4 million Australians are already actively considering a holiday here. “Tourism New Zealand has brought partners on board to contribute too. We all want to encourage Australians to visit, spend, and have a fantastic time in New Zealand. “This is part of our Tourism Boost, developed by the Government in partnership with industry to support immediate growth in visitor numbers, drive export activity and deliver economic growth. “This campaign is also one action feeding into Going For Growth, launched by Minister of Finance and Economic Growth Nicola Willis.“Going For Growth sets out what this Government is doing to address our growth challenges and unlock New Zealand’s potential.“Ultimately economic growth is driven by businesses, and I will continue to meet with businesses up and down the country to help grow tourism not just in the immediate term but over the long term,” Louise Upston says. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Investigation launched after man critically injured in firearms incident

    Source: New Zealand Police (District News)

    Police are making enquiries after a firearms incident early this morning that has left a man in critical condition.

    Emergency services were called to Winstone Ave about 5am after reports of shots heard.

    A short time later, a man presented to hospital with an apparent gunshot wound.

    He remains there in critical condition.

    Police are now working to establish what has occurred and to speak to all those believed to be involved.

    A scene examination will take place at the property today, and cordons will be in place on Winstone Ave.

    Investigators would like to hear from anyone who witnessed the incident or who might have information about those involved.

    If you can help, please use our 105 service and quote reference number 250216/7665.

    You can also share information anonymously through Crime Stoppers on 0800 555 111.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: First Responders – Lewis Pass Road fire update #4

    Source: Fire and Emergency New Zealand

    Firefighters have contained the vegetation fire burning on SH7 between Hanmer Springs and Springs Junction in Canterbury.
    Fire and Emergency NZ Assistant Commander Dave Key says that 30 firefighters and an incident management team are working on the fire this morning, supported by multiple fire appliances, two helicopters and an excavator.
    No houses or other structures were lost overnight, and crews are continuing to carry out structure protection today. The size of the fireground remains at 40 hectares.
    The Lewis Pass Rd is open with a 30km/hr speed limit and Dave Key has asked drivers to stick to that speed to keep firefighters safe. People driving through the area should expect to see smoke and may observe flames at times. If anyone sees anything of concern, they should call 111 and report it.
    Fire Investigators are back at the fireground today to continue establishing the origin and cause of the fire, which was reported about 2.30pm yesterday. Dave Key says several people have already come forward with very useful information, photos and video footage of the early stages of the fire.
    “This is very helpful for our fire investigators, so if anyone else has information or footage from yesterday, please email canterbury-crrteam@fireandemergency.nz or message our Canterbury District Facebook page (www.facebook.com/FENZCanterburyDistrict).
    Conditions are expected to become more challenging this afternoon, with high temperatures and strong winds forecast.

    MIL OSI New Zealand News –

  • MIL-OSI Russia: Denis Manturov met with the Vice President of the United Arab Emirates

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Meeting of Denis Manturov with the Vice President of the United Arab Emirates

    February 15, 2025

    Meeting of Denis Manturov with the Vice President of the United Arab Emirates

    February 15, 2025

    Previous news Next news

    Meeting of Denis Manturov with the Vice President of the United Arab Emirates

    First Deputy Prime Minister of Russia Denis Manturov met with Vice President of the United Arab Emirates Mansour bin Zayed Al Nahyan.

    The meeting was also attended by Russian Finance Minister Anton Siluanov and Chairman of the Central Bank of Russia Elvira Nabiullina.

    The parties discussed a wide range of issues of bilateral trade and economic cooperation. Particular attention was paid to the topic of mutual settlements and interaction in the financial and banking sector.

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

    MIL OSI Russia News –

  • MIL-OSI China: ‘Ne Zha 2’ hits North American big screen

    Source: China State Council Information Office 3

    Chinese box office hit “Ne Zha 2” was screened on Friday in a limited theatrical release in North America.

    The highly-anticipated film is being released by CMC Pictures in Mandarin with English subtitles in about 750 selected theaters in North American cities including Los Angeles, San Francisco, Houston, Chicago, New York, Boston, Atlanta, Toronto, Vancouver and a few other cities with a large overseas Chinese population.

    The animated epic fantasy film’s North American pre-sale box office alone has exceeded the opening weekend box office record in North America for any Chinese-language film in the past 20 years.

    The animated film has captivated Chinese audiences with its exquisite animation production, grand visual imagination and rich cultural expression. After opening on Jan. 29, the Chinese New Year, the film swiftly smashed box office records, becoming the highest-grossing film of all time in China.

    The blockbuster became the first Chinese film to gross 10 billion yuan (about 1.39 billion U.S. dollars) when its total global earnings, including presales, reached the mark on Thursday evening, according to data from ticketing platform Maoyan. It’s also the first non-Hollywood film to cross the billion-USD benchmark.

    “Ne Zha 2” is a sequel to the 2019 animated blockbuster “Ne Zha.” Both films were inspired by China’s 16th-century classic novel “The Investiture of the Gods.”

    The film has already sparked a wave of enthusiasm in North America with a high attendance rate in some theaters, especially theaters in cities with big Chinese communities.

    A lady, who gave her surname as Lai, told Xinhua that she was deeply moved by the film, crying and laughing while watching it.

    “Compared with the century-old Hollywood, Chinese films started late but have made rapid progress in recent years,” she said.

    “Ne Zha 2” boasts a positive 8.3 out of 10 rating from over 2,800 users on the international review platform IMDb to date, with 60 percent of them giving the film a perfect 10.

    MIL OSI China News –

  • MIL-OSI Security: Drug Trafficker Sentenced to 105 months in Federal Prison for Attempted Possession of Methamphetamine

    Source: Office of United States Attorneys

    Hagatña, Guam – SHAWN N. ANDERSON, United States Attorney for the Districts of Guam and the Northern Mariana Islands, announced that Jesse Fegurgur Belen, age 46, from Dededo, Guam was sentenced to serve 105 months imprisonment.  Belen pled guilty to Attempted Possession with Intent to Distribute Fifty or More Grams of Methamphetamine, in violation of 21 U.S.C. § 841(a)(1).  The Court also ordered 5 years of supervised release following imprisonment, 50 hours of community service, and a mandatory $100.00 special assessment fee.  The Court also ordered the forfeiture of $1,636 in U.S. currency.  In addition, defendants convicted of a federal drug offense may no longer qualify for certain federal benefits.

    During November 2022, Belen attempted to possess a postal package containing one pound of 98% pure methamphetamine.  The drugs were mailed from Colton, California, and addressed to the Yigo Post Office.  Belen and co-defendant Lorina Fejeran received the package and drove to Wusstig Road in Dededo.  When law enforcement stopped their vehicle at a commercial building, Belen grabbed the methamphetamine and fled on foot.  Belen threw the methamphetamine into the yard of a nearby residence to conceal the drugs.  Law enforcement found him hiding 15 feet from the roadway.

    “We will continue to interdict drugs trafficked through our mail system in an effort to keep Guam safe,” stated United States Attorney Anderson. “Belen’s significant criminal history also made him a worthy target for federal prosecution.  I applaud the work of our federal partners in bringing him to justice.”

    “One crucial aspect of HSI’s mission is to prevent deadly drugs from infiltrating our borders and endangering our communities. By leveraging our partnerships with law enforcement, we can hold individuals accountable for their actions,” said Special Agent in Charge Lucy Cabral-DeArmas. “The arrest of Mr. Belen exemplifies our commitment to ensuring the safety of our community from the threat of deadly drugs.”

    “United States Postal Inspectors are dedicated to maintaining the sanctity of trust placed in the US Mail. We will aggressively pursue anyone who uses the US Mail to transport and distribute deadly drugs which impact the safety of our postal employees and customers.” said, Inspector in Charge Stephen Sherwood, United States Postal Inspection Service (USPIS) San Francisco Division. “We thank our federal and local law enforcement partners, including Guam Customs and Quarantine Agency and Guam Police Department, for working with us to combat these crimes in the effort to make our communities a safer place to live and work.”

    This investigation was conducted by Homeland Security Investigations with the assistance of the U.S. Postal Inspection Services.

    The case was prosecuted by Rosetta L. San Nicolas, Assistant United States Attorney in the District of Guam.

    MIL Security OSI –