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Category: housing

  • MIL-OSI: Uni-Fuels Awarded International Sustainability and Carbon Certifications, Reinforcing Commitment to Sustainable Marine Fuel Trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 12, 2025 (GLOBE NEWSWIRE) — Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced that the Company’s wholly owned subsidiary, Uni-Fuels Pte Ltd (“Uni-Fuels Singapore”), has received both ISCC EU and ISCC PLUS certifications from the International Sustainability and Carbon Certification (ISCC), a globally recognized independent multi-stakeholder initiative and leading certification system supporting sustainable, fully traceable, deforestation-free and climate-friendly supply chains. These certifications highlight the Company’s commitment to sustainability and compliance with European Union (EU) regulations aimed at reducing greenhouse gas (GHG) emissions in the maritime industry.

    The ISCC certifications ensure that the biofuels traded by Uni-Fuels Singapore meet the requirements of the EU’s Renewable Energy Directive (RED II), including the provision of Proof of Sustainability (PoS). This important documentation ensures biofuels are sustainably sourced and produced, enabling full traceability from feedstock to final product.

    As the maritime sector moves toward greater decarbonization, it is essential for biofuel suppliers to demonstrate compliance with regulatory standards, including the EU Emissions Trading System (EU ETS) and FuelEU Maritime. PoS documentation ensures biofuels can be counted toward emissions reduction targets, as opposed to being treated as fossil fuels.

    Uni-Fuels Vice President, Operations Tan Guan Kai commented, “Achieving ISCC certifications demonstrates our commitment to supporting the global transition to cleaner fuels. With Proof of Sustainability documentation, we provide our customers with the assurance that the biofuels they rely on are responsibly produced and fully compliant with evolving regulations.”

    The PoS framework, combined with the ISCC EU and ISCC PLUS certifications, ensures customers that the biofuels they use are responsibly sourced, traceable, and produced with sustainability in mind. These certifications provide both regulatory compliance and enhanced transparency, helping to build trust in the biofuel market.

    About Uni-Fuels Holdings Limited

    Uni-Fuels is a fast-growing global provider of marine fuel solutions, helping shipping companies optimize fuel procurement across all markets and time zones. Founded in 2021, Uni-Fuels has evolved from modest beginnings into a dynamic, forward-thinking company. Backed by a passionate team and a growing presence across multiple locations, it has forged trusted partnerships with customers, supporting them in achieving their operational objectives with confidence, from shore to shore.

    For more information, visit www.uni-fuels.com.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the completion and timing of closing of the offering and the intended use of the proceeds. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Uni-Fuels’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    Contact Information

    For Investor Relations:

    Uni-Fuels Holdings Ltd
    Email: investors@uni-fuels.com

    Skyline Corporate Communications Group, LLC
    Email: info@skylineccg.com

    The MIL Network –

  • MIL-OSI China: China builds over 2,100 ‘quiet communities’ to combat noise pollution

    Source: China State Council Information Office 2

    China has completed the construction of 2,132 “quiet communities” across the country as part of its efforts to tackle noise pollution, the Ministry of Ecology and Environment said on Wednesday.
    The initiative aims to create residential areas with reduced noise levels to ensure improved sleep quality for residents, addressing one of the most common environmental complaints in urban areas.
    The ministry has also expanded its noise-monitoring network, installing 4,005 automatic monitoring stations across 338 cities at or above the prefecture level by the end of 2024.
    In a significant regulatory move, approximately 177,000 industrial enterprises have been brought under a noise-emissions permit system, which will achieve full coverage by the end of 2025.
    In 2024, 11 provincial-level regions designated a total area of over 860 square kilometers as noise-sensitive building zones.
    Urban noise levels have improved over the past five years, with compliance rates for both daytime and nighttime noise standards trending upward in designated functional zones, according to the ministry.

    MIL OSI China News –

  • MIL-OSI China: China establishes over 30,000 smart factories: ministry

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

    BEIJING, Feb. 12 — China has built over 30,000 basic-level smart factories as part of a nationwide push to accelerate industrial digitalization and intelligent upgrading, according to the Ministry of Industry and Information Technology (MIIT).

    The initiative, under the smart factory gradient cultivation action, has also seen the creation of 1,200 advanced-level and 230 excellence-level smart factories. This achievement highlights the significant progress that has been made in reshaping the country’s manufacturing landscape, according to the ministry.

    The 230 excellence-level factories, distributed across all 31 provincial regions in China and covering over 80 percent of manufacturing sectors, have carried out nearly 2,000 advanced scenarios, including smart warehousing, AI-powered quality inspections, and digital research and development, said MIIT.

    On average, these factories are 28.4 percent shorter in product development cycles, 22.3 percent higher in production efficiency, 50.2 percent lower in defect rates and 20.4 percent lower in carbon emissions, said the ministry.

    MIIT, alongside five other state agencies, jointly launched a smart factory gradient cultivation action last year and classified smart factories into four tiers based on technological maturity and integration depth, including the basic-level, the advanced-level, the excellence-level and the pioneer-level.

    For instance, basic-level smart factories are required to develop foundational capabilities in digitization and networking. This involves deploying the necessary smart manufacturing equipment, industrial software, and systems centered around typical scenarios of smart manufacturing. By doing so, they can achieve real-time data collection, automation of key production processes, enhance the informatization of production and operational management, and utilize intelligence exploration in certain aspects.

    Moving forward, MIIT will expand excellence-level smart factory promotion and prepare to launch pioneer-level cultivation, aiming to further promote the expansion, deeper integration, and elevated evolution of intelligent manufacturing, it said.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Holiday Activity and Food Programme agreed in Preston for 2025/2026

    Source: City of Preston

    Following the Full Council meeting on 30 January, Preston City Council agreed to accept funding of up to £600,000 to deliver the Holiday Activity and Food programme (HAF) in Preston.

    The HAF programme is an initiative funded by the Department for Education for the delivery of food, along with activities for children aged between 5 – 19 years, during the school holidays.

    A competitive grant application process for providers wishing to deliver elements of the programme from April 2025 will now be put into place.

    The programme provides healthy meals, enriching activities, and free childcare places to children from low-income families, benefiting their health, wellbeing and learning. It is primarily aimed at children in receipt of benefits related free school meals but is not exclusively for them and successful providers will be able to use up to 15% of their funding to provide free or subsidised holiday club places for children who are not in receipt of benefits, but those who the local authority believe could benefit from the initiative.

    Councillor Zafar Coupland, Cabinet member for Health and Wellbeing, said:

    “As a result of this programme, the children attending the activities and accessing the food programme will benefit from being active and eating healthily during the school holidays and will have a greater knowledge of health and nutrition to help them in the future.

    “This is a very important initiative, and I hope the children and young people who take part in the engaging and enriching activities take advantage of the support available in developing resilience, character and wellbeing.”

    More information

    • The expansion of the programme year-on-year has meant a total of 5.4 million HAF days provided between Christmas 2022, Easter and Summer 2023. For several years, local authority areas across Lancashire have been allocated Department of Education funding from Lancashire County Council to provide a funded HAF programme. Since 2022, the HAF programme has provided 10.7 million HAF days to children and young people in this country.
    • With a new contract period under negotiation to start in April 2025, there is an opportunity for Preston City Council to manage the HAF programme in-house to build on the work done previously by an external agency. This would enable the provision of further opportunities for providers due to an increase in capacity and skills at the Council. Lancashire County Council would now prefer a direct award to Preston City Council for simplicity.
    • This funding is for one year only and ends on 31 March 2026.
    • Full details on this funding can be found in the Council HAF report – January 2025
    • Preston City Council actively applies and prioritises the principles of Community Wealth Building wherever applicable and appropriate. Community Wealth Building is an approach which aims to ensure the economic system builds wealth and prosperity for everyone.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New Council homes completed in Kinross

    Source: Scotland – City of Perth

    The new houses for affordable social rent at Kepitknow Crescent have been bought by the Council at the development built by Persimmon Homes.

    The four 3-bed and two 2-bed homes were handed over to the Council today (February 12th) during a visit by Housing and Social Wellbeing Convener, Councillor Tom McEwan.  

    The properties were purchased ‘off the shelf’ from the developer. They have been built to the highest standard, with energy efficiency measures included which will keep tenants’ bills as low as possible and reduce the carbon footprint of the development.

    All of the houses have spaces included that can be used for a home office, reflecting the requirements of modern living.

    Councillor McEwan said: “As a Council we are committed to increasing the number of homes for affordable social rent right across Perth and Kinross, and we are doing this in a number of ways.

    “Our programme of building new Council homes has provided an additional 500 houses and flats since 2012. Our innovative scheme to buy-back ex-Council properties has seen hundreds of new properties added to our housing stock, and we also work hard to bring empty properties back into use as Council housing.

    “Another way to boost affordable social housing numbers is to buy homes “off the shelf” from developers, like we have done here in Kinross. We have invested £1.4m in the homes on this modern new development and is fantastic to see them completed and keys being handed over to tenants. The houses, built to a very high specification, will provide us with valuable affordable housing for tenants in an area of high demand.”

    James MacKay, Persimmon North Scotland Managing Director, said: “We are pleased to be working with Perth and Kinross Council to deliver high-quality, affordable homes for local people.

    “Collaboration is crucial to increasing housing supply and we’re committed to working closely with our partners to deliver the homes that people need.”

    MIL OSI United Kingdom –

  • MIL-OSI New Zealand: Update on December 2024 and January 2025 rental data

    Update on December 2024 and January 2025 rental data

    The national-level stock measure for actual rentals for housing for December 2024 and January 2025 will be included in Selected price indexes: January 2025, which is due out on Friday 14 February.  

    The administrative data used for this measure is provided by the Ministry of Business, Innovation and Employment (MBIE), which recently upgraded their tenancy bond-lodgment system. The stock measure was not included in last month’s SPI release as time was needed to integrate the new system’s data into the rental price indexes.  

    The completed update does not affect the results for the December 2024 quarter consumers price index (CPI), so no revision is required.

    The release does not include the flow of rental properties measures (national and regional) as we are still working to integrate the new system’s data for these measures. The flow measures, which do not affect the CPI, will be included when we are confident they meet customer expectations.  

    Stats NZ would like to thank MBIE and the Ministry of Housing and Urban Development (HUD) for collaborating on this work and making it possible to release the latest data. We will provide a further update in due course.

    If you have any questions, please contact our Information Centre at info@stats.govt.nz.

    Ends

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    MIL OSI New Zealand News –

  • MIL-OSI Europe: AFRICA/EGYPT – In the small village of Kom Ghareeb, the Church is a refuge for the young and the most needy

    Source: Agenzia Fides – MIL OSI

    Wednesday, 12 February 2025

    Anselmo Fabiano

    Kom Ghareeb (Agenzia Fides) – These days, the Coptic Church celebrates the feast of the prophet Jonah, a deeply felt commemoration, marked by three days of prayer and fasting that prepare the faithful for the time of Lent.Anselmo Fabiano, a young missionary of the Society of African Missions (SMA), arrived last September at the SMA house in the Shoubra neighborhood. For more than a month he has been in the village of Kom Ghareeb, in the heart of the Egyptian countryside, where he will remain for the next five months.”Here the days pass quickly in this warm and sunny winter, where snow and rain are only a distant memory – he tells Fides -. In these weeks, I have lived many experiences and I have been able to taste the beauty of a young community, enthusiastic in faith and very dynamic. I am overwhelmed by the affection and generosity of these simple people, but with a big heart. Every time I walk through the streets of the village, the children see me and start shouting, running towards me to greet me, invite me to play or share some food. They are curious and ask many questions. I feel like one of them and I try, in my own way, to be a true witness of the Gospel.”“There are so many experiences to tell: weddings, first communions, home visits, funerals, moments with young people and children. Among them, I like to remember three small episodes.” The first is related to the Eucharist. “Here Mass is celebrated with leavened bread, prepared on Saturday afternoons by a group of children and young people, with the help of an adult. It is beautiful to live this experience with them: a true school of faith and life, where service becomes prayer. Their joy and enthusiasm in teaching me how to make bread I keep as a precious gift. And that smell of bread that, on the altar, becomes the body of Jesus, moves me every time.”“The second episode – the missionary continues – I can call ‘the children of the parish’. In fact, very poor families live here around the church, with very complicated and dramatic human situations. For many children, the Coptic parish and its parish priest, Abuna Iusif, have become their second home. After school, they spend the day there. The parish priest invites them to share the meal, and our table becomes a meeting place for young and old.Even at weddings or parties, it is common to see these children barefoot or in worn-out slippers, standing next to the bride and groom or among the elegantly dressed guests. It fills me with joy to know that the Church is a refuge for the youngest and most needy.”“Finally, the third episode I can call the ‘fire of hospitality’. Every day we visit the families of the village, an enriching experience that allows us to learn about their life, with their joys and difficulties, but above all to touch their authentic and deep faith. Often, visits extend beyond dusk, and then we gather around the fire, with a glass of hot tea or coffee, to shelter ourselves from the cold desert wind. And the smell of smoke or the tiredness that is felt does not matter, but the joy of being together and of being able to pray, lights and feeds the fire of faith”, concludes Anselmo. (AP) (Agenzia Fides, 12/2/2025)
    Anselmo Fabiano

    Anselmo Fabiano

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    MIL OSI Europe News –

  • MIL-OSI Europe: AFRICA/DR CONGO – M23 advances in South Kivu; airport serving Bukavu is in its sights

    Source: Agenzia Fides – MIL OSI

    Kinshasa (Agenzia Fides) – “The ceasefire declared in recent days has been broken. In reality, it has only served to supply the M23 rebel movement and the Rwandan army with weapons, ammunition and provisions to their troops so that they can then continue their advance southwards,” an observer from the local Church in Bukavu, the capital of South Kivu province in the east of the Democratic Republic of Congo, tells Fides.On February 3, the M23 militia, which had taken Goma, the capital of the Congolese province of North Kivu at the end of January, declared a ceasefire “for humanitarian reasons”, which came into force on February 4 (see Fides, 4/2/2025).”The M23 has resumed its advance in South Kivu and attacked the village of Ihusi,” the observer said. “Currently, Rwandan soldiers and M23 fighters are about 60 km from the center of Bukavu. Their target is probably much closer, it is Kavumu airport, which is about 30 km from the city and is of strategic importance for supplying the Congolese army troops (FARDC) with men and resources,” the observer underlines, reporting that “the situation in the city is calm. “The foreign employees of the various non-governmental organizations and international agencies have meanwhile left the city, while missionaries and local clergy remain on site.”It therefore remains uncertain whether the advance of the M23 units will stop at Kavumu airport or continue on to the capital of South Kivu province. “Bukavu is defended not only by Congolese soldiers and militiamen, but also by soldiers of the Burundian army, which has stationed 16 battalions in the region with a total of about 12,000 men. These soldiers seem to be better equipped than the soldiers of the Congolese army, who often claim that they do not even have enough to eat,” the observer continues.On a diplomatic level, the crisis in the east of the Democratic Republic of Congo will be discussed at the African Union summit in Addis Ababa (Ethiopia) this weekend. “Many promises, many words, but nothing concrete,” the observer suspects. “Sanctions against Rwanda are threatened, but nothing concrete seems to have been done to put them into practice.” In Goma, meanwhile, the drama continues with hundreds of thousands of displaced people forced to leave their shelters because, according to the rebel movement M23, “security conditions have been restored.” “This is a political move to show that the ‘new masters’ of the region have the situation under control,” the observer says. “However, thousands of people are forced to return to villages, in some cases 30-40 km from Goma, without the guarantee of finding their homes and the minimum conditions for a decent life,” he concludes. “Many of them remain in the city in makeshift shelters or welcomed by friends and relatives.” (L.M.) (Agenzia Fides, 12/2/2025)
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    MIL OSI Europe News –

  • MIL-OSI Asia-Pac: India takes part in the 63rd session of the Commission for Social Development at New York

    Source: Government of India

    India takes part in the 63rd session of the Commission for Social Development at New York

    Smt. Savitri Thakur , Minister of State for Women and Child Development delivers India’s statement at the Ministerial Forum, addressing the priority theme: “Strengthening Solidarity and Social Cohesion”

     India has embraced “Women-led development,” ensuring women are key players in shaping the development trajectory : Smt.Thakur

    India has launched large-scale programs to bridge the gender digital divide, promoting digital and financial literacy, especially in rural areas empowering millions of women entrepreneurs

    Posted On: 12 FEB 2025 9:25AM by PIB Delhi

    India took part in the 63rdsession of the Commission for Social Development (CSoCD), held from February 10 to 14, 2025 at New York ,USA . This participation was led by Smt. Savitri Thakur, the Minister of  State for the Ministry of Women and Child Development, Government of India (GoI). This session aimed to encourage discussions and collaborations on pressing social development challenges, with an emphasis on advancing inclusive social policies and fostering global social well-being. The session witnessed the participation from 49 Countries including Ministers from 16 countries like France, Türkiye, Saudi Arabia, Sweden, etc.

    India’s involvement includes active participation in key discussions. On Tuesday, February 11, 2025, Smt. Savitri Thakur delivered India’s statement at the Ministerial Forum, addressing the priority theme: “Strengthening Solidarity and Social Cohesion.”

    India expressed its appreciation to the Commission for its leadership in discussing the importance of strengthening solidarity and social cohesion to ensure no one is left behind. Since the 1995 Copenhagen Summit on Social Development, India has made significant progress in addressing poverty, malnutrition, and universal healthcare, while also pioneering digital public infrastructure for sustainable development. By aligning with global best practices and developing indigenous solutions, India has become a model for the Global South.

      

    While addressing the Session, the Minister highlighted that India is driven by the vision of “Sabka Saath, Sabka Vikas, Sabka Vishwas” (Development for All), with a focus on inclusivity. Through initiatives like the JAM TRINITY (Jan Dhan, Aadhar, Mobile), India has achieved financial inclusion for disadvantaged communities, especially women, persons with disabilities, and the elderly. The country has also embraced “Women-led development,” ensuring women are key players in shaping the development trajectory.

    She said that India has launched large-scale programs to bridge the gender digital divide, promoting digital and financial literacy, especially in rural areas. This has empowered millions of women entrepreneurs, from start-ups to scalable businesses.

    As India works toward accelerating progress on the 2030 Agenda for development, increasing women’s workforce participation is a key priority. India’s robust social protection model includes 26 weeks of paid maternity leave, maternity benefits for 37.5 million mothers, a network of One Stop Centres, and an integrated National Women’s Helpline. Additionally, India’s early childhood care, nutrition, and education initiatives benefit over 100 million children, mothers, and adolescent girls.

    India supported the resolution on the priority theme and is progressing with the concept of saturation in social protection to ensure the delivery of essential services to the poorest populations, addressing multidimensional poverty.

    India’s rights-based approach to universal health coverage, including reproductive health, and the provision of clean cooking fuel, safe drinking water, sanitation, and affordable housing has transformed the lives of women and marginalized communities. Over 40 million homes have been built for the poor, with women as either sole or joint owners.

    Nearly 100 million women have been linked with self-help groups (SHGs), contributing to economic transformation and grassroots leadership.

    In conclusion, India is fully committed to accelerating global progress and supporting the Commission’s efforts toward a just world for all.

    **** 

    SS/MS

    (Release ID: 2102077) Visitor Counter : 67

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English Translation of Prime Minister’s remarks at the India-France CEO Forum, Paris

    Source: Government of India (2)

    Posted On: 11 FEB 2025 11:59PM by PIB Delhi

    Your Excellency, President Macron,
    Industry leaders from India and France present here,
    Namaskar, Bonjour!

    I feel a wonderful energy, excitement and dynamism in this room. This isn’t just a normal business event.

    It is a confluence of the best business minds of India and France. The report of the CEO Forum that has just been presented is welcome.

    I see that all of you are moving ahead with the mantra of Innovate, Collaborate and Elevate. You are not just making boardroom connections. You all are also strengthening the Indo-French strategic partnership.

    Friends,

    It is a pleasure for me to join this forum with my friend President Macron. This is our sixth meeting in the last two years. Last year, President Macron was the Chief Guest at our Republic Day.

    This morning we had co-chaired the AI Action Summit together. I heartily congratulate President Macron for this successful summit.

    Friends,

    India and France are not just linked by democratic values. The foundation of our friendship is based on the spirit of deep trust, innovation, and public welfare.

    Our partnership is not limited to just two countries. We are cooperating together to address global problems and challenges. During my last visit, we had outlined the 2047 roadmap for our partnership. Following that, we are pursuing cooperation in a comprehensive manner in every field.

    Friends,

    Most of your companies are already present in India. You are active in different areas like aerospace, ports, defence, electronics, dairy, chemicals and consumer goods.

    I have had the opportunity to meet many CEOs in India as well. You are well aware of the changes that have taken place in India in the last decade. We have established a stable polity, and predictable policy ecosystem.

    Following the path of reform, perform, and transform, today India is the fifth largest economy in the world. It is the fastest growing major economy in the world.

    It will soon become the world’s third largest economy. India’s skilled young talent factory and innovation spirit are our identity on the global stage.

    Today, India is fast becoming a preferred global investment destination.

    We have launched AI, semiconductor and quantum missions in India. In defence, we are promoting Make in India and Make for the World. Many of you are associated with it. We are scaling new heights in space technology. This sector has been opened up for FDI. We are rapidly making India a global biotech powerhouse.

    Infrastructure development is a matter of priority for us. And on this, we are doing public expenditure of more than $114 billion a year. We have laid railway tracks on a massive scale, using technology to modernize and upgrade the railways.

    We are fast moving towards the target of 500 Gigawatts of renewable energy by 2030. For this, we have promoted solar cell manufacturing. We have also launched the Critical Mineral Mission.

    We have also taken up the Hydrogen Mission. For this, electrolyser manufacturing is being emphasized. By 2047, we are aiming for 100 gigawatts of nuclear power. I am happy to share that this sector is being opened up to the private sector. We are focusing on SMR and AMR technologies.

    Friends,

    Today India is becoming the biggest center of diversification and de-risking. A few days ago, a new generation of reforms were outlined in our budget.

    New steps have been taken for ease of doing business. In the last few years, we have rationalized more than 40,000 compliances. To promote trust-based economic governance, a high level committee for regulatory reforms has been formed. The custom rate structure has been rationalised.

    To facilitate international trade, “India Trade Net” is being introduced with the help of digital public infrastructure. We are bringing a new simplified income tax code towards Ease of Living.

    The National Manufacturing Mission has been announced. And, new sectors, such as the insurance sector, have been opened for 100 percent FDI. You must study all these initiatives carefully.

    Let me tell you all, this is the right time to come to India. Everyone’s progress is linked to India’s progress. An example of this was seen in the aviation sector, when Indian companies placed large orders for airplanes. And, now, when we are going to open 120 new airports, you can imagine the future possibilities for yourselves.

    Friends,

    The 1.4 billion people of India have resolved to build a developed India by 2047. Be it defence or advanced technology, fintech or pharma, tech or textile, agriculture or aviation, healthcare or highways, space or sustainable development. There are many opputunities for investments and collaborations in all these areas for all of you.

    I welcome you all to join India’s development journey.

    When France’s finesse and India’s scale meet…

    When India’s pace and France’s precision join…

    When France’s technology and India’s talent unite…

    Then, not just business landscape, but global transformation will happen.

    Once again, I thank you all very much for taking your precious time to come here.

    DISCLAIMER – This is the approximate translation of Prime Minister’s remarks. Original remarks were delivered

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 133 Ambulances, including 7 River and 1 Air Ambulance, deployed for Pilgrims on Magh Purnima

    Source: Government of India

    133 Ambulances, including 7 River and 1 Air Ambulance, deployed for Pilgrims on Magh Purnima

    43 Hospitals in Mahakumbh Nagar on High Alert, with high-tech arrangements for minor to major surgeries in every sector of the Mela

    Posted On: 11 FEB 2025 10:30PM by PIB Delhi

    The Government has made extensive preparations for the safety and health of the pilgrims, visiting the Mahakumbh at Prayagraj, for Magh Purnima. All hospitals in the Mahakumbh area, as well as in the city and district, will remain on high alert. Surveillance through water, land, and air will be in place to ensure the safety of pilgrims. Accordingly, 133 ambulances have been deployed to provide immediate relief in case of emergencies. This includes 125 ambulances, seven river ambulances, and one air ambulance specifically stationed.

    High-Tech Medical Services in every Sector of Mahakumbh

    State-of-the-art medical services are available in each sector of the Mahakumbh area. The facilities range from minor operations to major surgeries. Dr. Gaurav Dubey, the nodal medical officer of the Mahakumbh Mela, stated that the government’s emergency services, especially ambulance services, play a critical role. Over 2,000 medical staff will be deployed in the Mahakumbh area, and more than 700 medical personnel at SRN Hospital will remain on high alert.

    250 Beds Reserved at SRN, Blood Bank Fully Prepared

    As per special instructions from the administration, 250 beds have been reserved at SRN Hospital. Additionally, 200 units of blood are stored to handle emergencies. All 43 hospitals in Mahakumbh Nagar with a 500-bed capacity are fully operational.

    Hospitals Equipped with Modern Facilities

    Swaroop Rani Nehru Hospital has reserved 40 beds for the trauma center, 50 beds for the surgical ICU, 50 beds for the medicine ward, 50 beds for the PMSSY ward, and 40 beds for the burn unit. In addition, a 10-bed cardiology ward and a 10-bed ICU are also fully prepared.

    Special Focus on Medical Supervision and Cleanliness 

    To ensure smooth medical services, 30 senior doctors have been specially assigned, along with 180 resident doctors and over 500 nursing and paramedical staff. The hospital administration has instructed housekeeping agencies to ensure no negligence in cleanliness.

    Administration’s Commitment to Health Services

    Dr. Vatsala Mishra, Principal of Swaroop Rani Nehru Hospital, mentioned that all arrangements have been made to handle any emergency during the Magh Purnima bath. She appealed to the pilgrims to contact the hospital immediately in case of any health issues, assuring them of free and high-quality medical services.

    Deployment of Expert Doctors, 24-Hour Medical Service Available

    Along with 150 medical personnel from the AYUSH department, 30 expert doctors will be deployed to serve the pilgrims. Experts from AIIMS Delhi and BHU will also remain on alert.

    *****

    AD/VM

    (Release ID: 2102068) Visitor Counter : 49

    MIL OSI Asia Pacific News –

  • MIL-OSI Submissions: Update on December 2024 and January 2025 rental data

    Update on December 2024 and January 2025 rental data

    The national-level stock measure for actual rentals for housing for December 2024 and January 2025 will be included in Selected price indexes: January 2025, which is due out on Friday 14 February.  

    The administrative data used for this measure is provided by the Ministry of Business, Innovation and Employment (MBIE), which recently upgraded their tenancy bond-lodgment system. The stock measure was not included in last month’s SPI release as time was needed to integrate the new system’s data into the rental price indexes.  

    The completed update does not affect the results for the December 2024 quarter consumers price index (CPI), so no revision is required.

    The release does not include the flow of rental properties measures (national and regional) as we are still working to integrate the new system’s data for these measures. The flow measures, which do not affect the CPI, will be included when we are confident they meet customer expectations.  

    Stats NZ would like to thank MBIE and the Ministry of Housing and Urban Development (HUD) for collaborating on this work and making it possible to release the latest data. We will provide a further update in due course.

    If you have any questions, please contact our Information Centre at info@stats.govt.nz.

    Ends

    The Government Statistician authorises all statistics and data we publish.

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    MIL OSI –

  • MIL-OSI New Zealand: Housing Market – Subtle turning point for property sellers – CoreLogic

    Source: CoreLogic

    New Zealand’s property market is showing early signs of a gentle turnaround, giving resellers a glimmer of renewed leverage after a prolonged downturn.

    CoreLogic NZ’s latest Pain & Gain report for Q4 2024 shows the proportion of properties being resold for more than the original purchase price was 91.0%, up from 90.1% in Q3 2024.
    However, that’s still low compared to the post-COVID boom when more than 99% of properties typically sold for a profit.

    CoreLogic NZ Chief Property Economist Kelvin Davidson said the small rise suggests resale conditions are gradually improving, aligning with broader signs of a market turnaround.

    “While profits are down from the peak, most property resellers continue to see gains.

    “The latest increase in the frequency of resale profits supports other indicators that the market may have found a floor, largely due to recent mortgage rate falls.

    “However, with property values still about 18% below their peak and the overhang of listings keeping buyers in a strong position, selling conditions remain subdued, he said.

    Regaining ground
    Mr Davidson said while buyers still have the upper hand, resellers may be regaining ground as profits grow.

    “In Q4, the typical size of reseller gains ticked up to $289,500 from $279,000 in the third quarter of last year.

    “While the figure is still low compared to the peak in late 2021 of $440,000, it’ still larger than anything we saw prior to Q4 2020.

    “On the flipside, the median resale loss was unchanged at $55,000 in Q4, remaining within the $50,000–$60,000 range seen over the past two years,” he said.

    Mr Davidson added that although these profits are still significant and losses small, it’s important to acknowledge two extra factors.

    “Hold period plays a key role, and even in a downturn, anybody who has owned property for several years will still tend to make a profit. For owner-occupiers it’s not necessarily a cash windfall either. Indeed, most equity will just need to be recycled back into the next purchase.”

    Holding out
    In Q4 2024, sellers who resold for a gross profit held their properties for a median of 9 years, up from 8.6 years the previous quarter.

    Mr Davidson said this could reflect caution amid softer market conditions, with many choosing to wait for more favourable opportunities.
    “In some cases, particularly for investors, a target return strategy has meant holding properties longer due to the slower housing market over the past 2-3 years.

    “However, it may also reflect weaker housing sentiment and greater caution, with owners opting to ride out the current soft patch before testing the market,” he said.

    Losses ease  
    Mr Davidson said resale performance across property types suggested a turning point, with incurred losses starting to ease.

    “In the fourth quarter of the year apartment resales incurred a loss on 29.5% of deals, compared to 8.3% for standalone houses.”

    “Although the apartment figure clearly remains high, it dropped from 31.8% in the third quarter of last year. Whereas the ‘pain’ percentage of houses fell from 9.1% in Q3,” he said.

    Falling rates to boost confidence
    Looking ahead, Mr Davidson expects that lower mortgage rates will push up house prices to some extent in 2025, which will tend to strengthen the position for property resellers.

    “But any turning point for house prices won’t be sudden or strong, and lingering weakness in the labour market alongside an abundance of listings should mean finance-approved buyers continue to see good opportunities,” he concluded.

    Read CoreLogic’s latest Pain & Gain report at www.corelogic.co.nz/news-research/reports/pain-and-gain-report.

    About CoreLogic
    CoreLogic NZ is a leading, independent provider of property data and analytics. We help people build better lives by providing rich, up-to-the-minute property insights that inform the very best property decisions. Formed in 2014 following the merger of two companies that had strong foundations in New Zealand’s property industry – Terralink Ltd and PropertyIQ NZ Ltd – we have the most comprehensive property database with coverage of 99% of the NZ property market and more than 500 million decision points in our database.
    We provide services across a wide range of industries, including Banking & Finance, Real Estate, Government, Insurance and Construction. Our diverse, innovative solutions help our clients identify and manage growth opportunities, improve performance and mitigate risk. We also operate consumer-facing portal propertyvalue.co.nz – providing important insights for people looking to buy or sell their home or investment property. We are a wholly owned subsidiary of CoreLogic, Inc – one of the largest data and analytics companies in the world with offices in New Zealand, Australia, the United States and United Kingdom. For more information visit corelogic.co.nz.

    MIL OSI New Zealand News –

  • MIL-OSI Asia-Pac: ATDC and SECL Sign MoU to Empower 400 Unemployed Youth from Chhattisgarh and Madhya Pradesh

    Source: Government of India

    Posted On: 12 FEB 2025 5:20PM by PIB Delhi

    A Memorandum of Understanding (MoU) was signed today between Apparel Training & Design Centre (ATDC), Gurugram, and South Eastern Coalfields Limited (SECL), a Bilaspur based CIL Subsidiary under the jurisdiction of Ministry of Coal, for a vocational training program aimed at uplifting under privileged youth from economically weaker sections of society. The agreement was signed in the  august presence of Ms. Rupinder Brar, Additional Secretary, Ministry of Coal and Ms. Santosh, DDG  Ministry of Coal at Shastri Bhawan, New Delhi. The Additional Secretary extended her congratulations to the SECL CSR team for taking proactive and forward-thinking steps in implementing the vocational training program with ATDC.

    The program, which is part of SECL’s Corporate Social Responsibility (CSR) initiatives, is set to benefit 400 candidates, providing them with the skills needed for self-employment. A total of Rs. 3.12 Crore will be allocated for the initiative. Under this agreement, ATDC will establish training centers for 300 candidates in a non-residential self-employed tailor program across SECL Bishrampur, Sohagpur and Korba areas. Additionally, 100 candidates will undergo a fully residential program at the ATDC training center in Chhindwada, Madhya Pradesh, which will include free boarding and lodging. These candidates will be selected from within a 25-kilometer radius of SECL’s establishments.

    The MoU signing ceremony was attended by Shri Biranchi Das, Director (P), SECL; Shri Rakesh Vaid, Senior Vice Chairman, ATDC; Dr. Vijay Mathur, Director General and CEO, ATDC; Shri Alok Kumar, General Manager (Civil/CSR), SECL; along with officials from SECL and ATDC. Under the guidance of the Minister of Coal, this initiative strives to empower underprivileged youth in coalfield regions, create employment opportunities, and contribute to the vision of Viksit Bharat.

    *****

    Shuhaib T

    (Release ID: 2102355) Visitor Counter : 99

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ9: COVID-19 oral drugs

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Judy Chan and a written reply by the Secretary for Health, Professor Lo Chung-mau, in the Legislative Council today (February 12):Question:     In 2022, in consultation with experts, the Government introduced the COVID-19 oral drugs Paxlovid and Molnupiravir through the Hospital Authority (HA), and prescribed the two drugs to suitable patients through various channels such as public hospitals, designated clinics and residential care homes for the elderly. The Government has indicated that the fee for each course of treatment in respect of the two drugs is over $6,000. There are views that the fees for the two drugs are excessively high, and the Government should expeditiously introduce other less expensive drugs with similar efficacy. In this connection, will the Government inform this Council:(1) of the details of the vetting and approval process for introducing the two drugs by the Government in consultation with experts at that time, and whether such vetting and approval process was different from the general approval process for introducing new drugs; if so, of the reasons for and details of that;(2) of the current clinical guidelines for prescribing the two drugs, and the number of revisions made in the past;(3) whether it knows the following information on the use of each of the two drugs by HA in each of the past three years: (i) the quantity purchased and expenditure incurred, (ii) the quantity used (with a breakdown by the channels through which they were used), and (iii) the quantity discarded due to expiry or other reasons;(4) whether there has been any change to the approved shelf life of the two drugs since their introduction, and of the current respective shelf life; whether it knows the respective stock of the two drugs currently kept by HA; and(5) whether the authorities have plans to introduce other drugs with efficacy similar to that of the two drugs; if so, of the progress and timetable; if not, the reasons for that?Reply:President,     With the ever evolvement of the SARS-CoV-2 virus, the prevention and treatment capacities of the local healthcare system and the handling capacity of society as a whole have been enhanced significantly. COVID-19 has been managed as an upper respiratory tract illness by the Government since early 2023. Despite this, the World Health Organization still highlights the importance of ensuring access to appropriate treatments for patients with COVID-19, including providing oral antiviral drugs to high-risk patients on a need basis taking the local situation into account. High-risk persons concerned include the elderly, immunocompromised individuals or persons with chronic illnesses.     The Health Bureau, together with the Department of Health (DH) and the Hospital Authority (HA), have been keeping abreast of the latest development of clinical treatment and scientific evidence-based research relating to SARS-CoV-2 virus, while making reference to the latest data from drug regulatory authorities and drug manufacturers globally so as to provide appropriate treatment for COVID-19 patients.     In consultation with the DH and the HA, the reply to the question raised by the Hon Judy Chan is as follows: (1) According to the Pharmacy and Poisons Ordinance (Cap. 138), pharmaceutical products must satisfy the criteria of safety, efficacy and quality for registration with the Pharmacy and Poisons Board of Hong Kong (Board) before they can be sold or supplied in Hong Kong.      During the COVID-19 pandemic, the then Pharmacy and Poisons (Registration of Pharmaceutical Products and Substances: Certification of Clinical Trial/Medicinal Test) Committee (Committee) established under the Board considered that, in view of the public health emergency and the local medical need at the time, together with the relevant scientific evidence, the benefits of the use of COVID-19 oral antiviral drugs, namely Paxlovid and Molnupiravir, in the treatment of mild-to-moderate COVID-19 outweighed the risks and hence conditionally approved the applications of the relevant drugs for registration in February and March 2022 respectively. As part of the conditional approval of registration, the corresponding drug registration certificate holders were required to submit additional data through clinical studies and post-marketing report to the Board according to the conditions imposed by the Committee (including that the concerned products can only be supplied to doctors or medical institutions). The certificate holders of the drugs have been continuously providing relevant reports and data to substantiate their products’ safety, efficacy and quality. In this connection, Paxlovid was granted full registration in February 2024.(2) According to the existing mechanism, the expert panel formed by the DH and the HA closely monitors the efficacy and possible side-effects of the relevant drugs in light of the evolving scientific evidence, and also evaluates various drugs treating COVID-19 while reviewing and updating the clinical guidelines in a timely manner with reference to the latest clinical development and research data in the Mainland and overseas, with a view to providing patients with appropriate treatments to reduce their risk of severe complications and death.     Based on the above principle, the relevant clinical guidelines have been updated for 27 times so far. Under the current guidelines, healthcare professionals will consider prescribing relevant drugs to patients aged 70 or above, and patients aged below 70 with high-risk conditions or chronic diseases according to their clinical needs.(3) Apart from providing antiviral drugs for treating COVID-19 at public hospitals/clinics under the HA, the Government has been providing private doctors with the two aforementioned COVID-19 oral drugs procured by the HA for free prescription to eligible COVID-19 confirmed patients since April 2022. Private doctors who have registered under the Electronic Health Record Sharing System (eHRSS) can make requests for provision of the two COVID-19 oral drugs via the dedicated online platform. Private doctors must follow the aforementioned treatment guidelines set out by the HA. Besides, the DH’s clinic dispensaries also distributed a small amount of treatment courses.     From 2022 to 2024, the HA has prescribed the two COVID-19 oral drugs to about 471 300 HA patients (a single patient may be prescribed with COVID-19 oral antivirals for more than once), including about 314 600 patients prescribed with Paxlovid and about 156 700 with Molnupiravir. Separately, about 181 700 treatment courses were prescribed by private doctors to eligible COVID-19 confirmed patients for free, in which about 104 000 Paxlovid treatment courses and about 77 700 Molnupiravir treatment courses were prescribed. About 1 500 treatment courses were prescribed by clinics under the DH (including Families Clinics and Elderly Health Centres).     Detailed figures on the quantity and expenditure incurred by the HA in purchasing the two COVID-19 oral drugs are tabulated below: * Figures adjusted to the nearest thousands     Following the prevailing practice, the HA dispenses drugs before the expiration dates based on the “first-expired, first-out” principle. For those drugs requiring disposal, including unserviceable ones, the HA will dispose of them in accordance with the established procedures. There has not been any disposal of COVID-19 oral drugs so far.(4) The shelf-life of the two COVID-19 oral antiviral drugs, namely Paxlovid and Molnupiravir, are 24 and 30 months respectively. The HA has sufficient stock of drugs for prescription to COVID-19 patients, and will continue to closely monitor the supply and utilisation of the relevant drugs in order to cater for the needs of patients.(5) The DH and the HA will continue to keep in view the latest data from drug regulatory authorities and drug manufacturers globally (including the Mainland) and introduce suitable drugs in a timely manner based on the available scientific evidence to ensure that patients are prescribed with drugs of proven safety and efficacy.     Apart from Paxlovid and Molnupiravir, no other COVID-19 oral antivirals drugs are currently registered in Hong Kong. Based on the latest scientific evidence, there are no other COVID-19 oral antiviral drugs in the market that can provide the same level of appropriate treatment especially for high-risk patients.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ5: Promoting trail tourism

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Vincent Cheng and a reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (February 12):
     
    Question:

         â€‹It has been reported that a recently released documentary film on four Hong Kong trails is widely acclaimed. There are views that as Hong Kong has beautiful trails and ridgelines, the Government should adopt a new mindset or a new perspective in promoting trail tourism. In this connection, will the Government inform this Council:
     
    (1) of the Government’s plans in place to enhance the ancillary facilities on trails or in country parks, such as providing additional replenishment and rest stations, water-filling stations, toilets and directional signs, so as to meet the needs of different types of hikers, and to further promote trail tourism and a safe hiking culture;
     
    (2) of the Government’s plans and publicity strategies in place to promote Hong Kong’s trails to tourists from different places, such as whether it will consider taking the initiative to invite renowned runners to promote the trails, or supporting the broadcasting of the aforesaid documentary film on international streaming platforms or in places outside Hong Kong, so as to attract tourists from abroad; if so, of the details; if not, the reasons for that; and
     
    (3) in order to further promote Hong Kong’s trail tourism, whether the Government will consider supporting the organisation and promotion of trail races or cross-country races, so as to attract more local and non-local people to take part in such races, thereby stepping up publicity on Hong Kong’s beautiful natural trails?
     
    Reply:
     
    President,
     
         Hong Kong has rich green and eco-tourism resources, including hiking trails and country parks throughout the city, with breathtaking great outdoors that are only minutes away from the urban hustles, attracting numerous tourists each year for hiking and outdoor activities. Further capitalising on Hong Kong’s abundant ecological resources for promoting green tourism development, is in fact one of the directions in diversifying tourism products as outlined in the Development Blueprint for Hong Kong’s Tourism Industry 2.0 that we announced at the end of last year.
          
         In respect of the question raised by the Hon Vincent Cheng, in consultation with the Environment and Ecology Bureau, the reply is as follows:
          
         To promote green tourism, the Tourism Commission, in collaboration with the Agriculture, Fisheries and Conservation Department (AFCD), has been taking forward the Enhancement of Hiking Trails since 2018 to enhance the tourism supporting facilities of 20 hiking trails in country parks which are popular and with tourism potential, and to enhance the “Enjoy Hiking” thematic website. Enhancement works include improvement to existing hiking trail network, control of soil erosion at trails, enhancement of vegetation coverage, addition of lookout points and enrichment of visitor information. The enhancement works on 12 hiking trails have been completed, and those for the remaining eight hiking trails are expected to be completed progressively by the first quarter of 2026.
          
         The AFCD also seeks to enhance hiking trails and provide supporting facilities in country parks, including the provision of 57 flushing toilets and over 120 portable toilets; 289 pavilions, 37 water filling stations and about 30 drinks vending machines. The Government has set aside $500 million to enhance country parks, including the improvement and addition of facilities, as well as gradually setting up large-scale enhancement facilities such as tree-top adventure and open museum of historical relics. Examples of the works involved are the construction of five toilets and reconstruction of six toilets at popular hiking spots. These toilets will adopt low-carbon and environmentally-friendly designs, and will be gradually rolled out from 2026 to 2028. The viewing platform overlooking Po Pin Chau and the Lin Ma Hang Lead Mine Cave Revitalisation Project were opened to the public in end-2024.
          
         The AFCD makes use of school visits, guided tours, online videos, social media, etc, to promote the unique natural scenery and hiking experiences of Hong Kong, provide information on hiking safety and hill fire prevention, and advocate “take your litter home”. Apart from placing directional signs in country parks, the AFCD also provides consolidated information of hiking trails, including maps, distance, level of difficulty and attractions along the trails, through the “Enjoy Hiking” website, to facilitate locals and tourists’ planning of their itineraries. The mobile application “Enjoy Hiking Hiker Tracking Service” also records users’ location, thereby shortening the search and rescue time in case of accidents. Furthermore, the AFCD collaborates with the Hong Kong Economic and Trade Offices (ETOs) in the Mainland and the Forestry Administration of Guangdong Province to promote Hong Kong’s natural scenery and hiking routes, as well as to disseminate hiking safety messages, through their social media platforms in the Mainland. The AFCD will continue to review and refine its promotion strategy and information, and through diverse information distribution channels, to ensure locals and tourists safely enjoy the natural wonders of Hong Kong. At the same time, the Hong Kong Police Force, the Fire Services Department, the Government Flying Service and the Civil Aid Service also raise hiker’s awareness on hiking safety through various channels and activities.
          
         Apart from the AFCD’s promotion, the Hong Kong Tourism Board (HKTB), through its “Hong Kong Great Outdoors” year-round promotional platform, introduces in detail hiking trails in different districts accompanied by stories to deepen understanding of the trails, as well as docent activities and tourism products by the travel trade and other organisations, allowing tourists to appreciate Hong Kong’s inspiring natural landscape. Besides, films are also a very effective promotional channel. For example, the film “Four Trails” documents a recent trail running event, featuring participants from various places who challenge their limits by crossing mountains and valleys, while simultaneously showcasing Hong Kong’s unique natural scenery. The Cultural and Creative Industries Development Agency (CCIDA) is collaborating with overseas ETOs and the film festival partners worldwide to promote this film at overseas film festivals. In addition, CCIDA will strive for opportunities of showing this film on both international and Mainland streaming platforms to attract more tourists to experience the natural beauty of Hong Kong. Also, the HKTB previously invited the director and producer of the film to share Hong Kong’s great natural scenery and trail running experiences with overseas media.
          
         In addition, various trail running and cross-country events are held by different organisations every year, along with other leisure trail events. The Government has supported and promoted some of these events to encourage more tourists to come to Hong Kong and participate. The Government will continue to promote green tourism based on the principles of nature conservation and sustainable development to pursue the concept of “tourism is everywhere” in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Governor Lombardo Requests Resolution Encouraging the Release of Federal Land to Increase Housing Availability and Decrease Housing Costs

    Source: US State of Nevada

    CARSON CITY, NV – February 11, 2025

    Today, Governor Joe Lombardo released his letter to Senate Majority Leader Nicole Cannizzaro and Assembly Speaker Steve Yeager requesting a resolution to encourage the systematic release of federal land in Nevada.

    “As you are aware, nearly 87% of Nevada’s land is controlled by the federal government, significantly limiting developers’ ability to increase the housing supply,” writes Governor Lombardo. “Growth in many rural areas of our state is currently constrained by the lack of developable land. Projections indicate that Washoe County could run out of developable land by 2027, while Clark County may face the same challenge by 2032. I have continued to engage with our federal delegation and the President on this issue, and I am seeking your support to advocate for the immediate and systematic release of federal land in Nevada.”

    The letter and proposed resolution are attached.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: In Altadena, Governor Newsom joins federal and state leaders to launch new phase of firestorm debris removal

    Source: US State of California 2

    Feb 11, 2025

    What you need to know: The fastest large-scale debris removal in modern state history began today in Altadena and the Pacific Palisades, in roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire. 

    LOS ANGELES – Governor Gavin Newsom today joined federal and local partners to begin work on structural debris removal from the Los Angeles firestorms, building on the US EPA’s work already underway to initially remove household hazardous waste.

    The Federal Emergency Management Agency (FEMA) and the U.S. Army Corps of Engineers (USACE) began private property debris removal Tuesday morning in Altadena and Tuesday afternoon in Pacific Palisades, closely coordinating efforts with local officials. The Governor also highlighted the completion of debris removal from an Altadena K-8 school, the site of this morning’s announcement. 

    “The new phase of debris removal that’s starting today marks a foundational step in helping Angelenos build back stronger. I’m grateful to the state and federal workers who are clearing debris at record-pace so firestorm survivors can begin the rebuilding process as quickly and safely as possible.”

    Governor Gavin Newsom

    The removal process that began today comes only 35 days after the fires ignited — roughly half the time it took to start similar operations after the devastating 2018 Woolsey Fire.
     
    Under Governor Newsom’s leadership, California has expedited the cleanup process by cutting red tape and eliminating bureaucratic barriers, allowing highly trained crews to enter impacted communities sooner and help survivors rebuild their lives faster. 

    The Los Angeles County Department of Public Works, in partnership with six locally affected jurisdictions, has worked around the clock to collect Right-of-Entry (ROE) forms from residents, develop haul routes, and coordinate safe transport of fire ash and debris.
     
    The U.S. Environmental Protection Agency (EPA) is rapidly completing the removal of household hazardous materials at record speed, clearing the way for this next phase of cleanup.
     
    Last month, Governor Newsom announced that FEMA, working with the Governor’s Office of Emergency Services (Cal OES), had tasked the EPA with safely removing and disposing of hazardous materials from homes and structures impacted by the fires. This crucial first step — one of the most complex phases of wildfire cleanup — paved the way for the structural debris removal now underway.

    As these operations continue, residents should anticipate an increased presence of debris removal teams in their communities and plan accordingly. The agencies involved appreciate the public’s support and patience as crews work to eliminate health and safety risks from impacted properties.

    Since the fires began, Governor Newsom has led an aggressive, coordinated, whole-of-government response to support impacted communities. Prior to the fires breaking out, the state had already deployed thousands of firefighters and personnel, with more than 16,000 boots on the ground at the peak of response efforts. In the days that followed, the state has launched historic recovery and rebuilding efforts to ensure Los Angeles communities receive the support they need.

    Fire survivors can sign up for the federal debris removal program by visiting a Disaster Recovery Center (DRC) or online at ca.gov/LAFires

    Recent news

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    Feb 10, 2025

    News What you need to know: The state and federal government are working at record-pace to remove debris from the Los Angeles area firestorms. LOS ANGELES – The State of California, in coordination with federal and local partners, is rapidly advancing wildfire cleanup…

    Feb 10, 2025

    News What you need to know: Governor Newsom is sponsoring new legislation to allow homeowners who receive insurance payments for lost or damaged property to receive the interest accrued rather than lenders.  LOS ANGELES — As part of the state’s ongoing efforts to…

    MIL OSI USA News –

  • MIL-OSI USA: News Release – Developmental Disabilities Council 2025 Day at the Capitol Event

    Source: US State of Hawaii

    News Release – Developmental Disabilities Council 2025 Day at the Capitol Event

    Posted on Feb 11, 2025 in Latest Department News, Newsroom

    DEPARTMENT OF HEALTH

    KA ʻOIHANA OLAKINO

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIA‘ĀINA

    KENNETH S. FINK, MD, MGA, MPH
    DIRECTOR

    KA LUNA HO‘OKELE

    STATE COUNCIL ON DEVELOPMENTAL DISABILITIES

    ‘A’UNIKE MOKU’ĀPUNI NO KA NĀ KĀWAI KULA

    DAINTRY BARTOLDUS

    EXECUTIVE ADMINISTRATOR

    LUNA HO‘OPONOPONO HO‘OKŌ

    HAWAI’I TO CELEBRATE DEVELOPMENTAL DISABILITIES AWARENESS MONTH WITH DAY AT THE CAPITOL EVENT ON MARCH 5, 2025

    FOR IMMEDIATE RELEASE

    February 11, 2025

    HONOLULU – The Hawai‘i State Council on Developmental Disabilities (DD Council), along with community partners, will celebrate Developmental Disabilities Awareness Month with the annual Day at the Capitol event on March 5, 2025. The event is expected to bring together 500 self-advocates, family members, service providers, and advocates to build awareness of the abilities and strengths of individuals with developmental disabilities.

    This year’s theme, “Respect Yourself and All People with Disabilities,” highlights the importance of fostering respect, participation, and opportunities for all individuals, regardless of ability. Developmental Disabilities Awareness Month is part of a nationwide campaign to promote greater understanding and recognition of the contributions individuals with developmental disabilities bring to our communities.

    “This year’s theme reminds us that respect and inclusion are fundamental values that strengthen our entire community,” said DD Council Executive Administrator Daintry Bartoldus. “We encourage people to get to know individuals with developmental disabilities, recognize their talents, and work together to create a more inclusive Hawai‘i.”

    Throughout the Day at the Capitol, participants will engage in discussions with legislators from their home districts, attend public hearings, take a tour of the State Capitol, give testimony at a mock hearing, and learn about the legislative process through a presentation from the Public Access Room. The event also provides an opportunity for networking among advocates, families, and organizations working to enhance the lives of individuals with developmental disabilities.

    The annual “Day at the Capitol” event is a collaborative venture coordinated by the DD Council in partnership with the Family Health Services Division, the University of Hawai‘i Center on Disability Studies, Hawai‘i Division of Vocational Rehabilitation, Public Access Room – Legislative Reference Bureau, Hawai‘i Disability Rights Center, Hawai‘i Self Advocacy Advisory Council, Disability and Communication Access Board, Special Parent and Information Network, Office of Language Access, the Hilopa‘a Family to Family Health Information Center, Maternal and Child Health Leadership Education in Neurodevelopmental Disabilities Program, Department of Human Services Med-Quest Division, Office of Elections, Department of Education Community Children’s Council, and Hawai‘i State Department of Education Monitoring and Compliance Branch.

    As Hawai‘i observes Developmental Disabilities Awareness Month, the Council encourages all residents to celebrate the achievements of individuals with developmental disabilities, advocate for their full inclusion in all aspects of life, and work toward a more supportive and inclusive community.

    About the Hawaiʻi State Council on Developmental Disabilities:

    The Hawaiʻi State Council on Developmental Disabilities works to ensure individuals with developmental disabilities have the opportunity to lead full and meaningful lives. By advocating for policies and fostering partnerships, the Council supports individuals and families in achieving self-determination, independence, and inclusion in all aspects of community life.

    # # #

     

    Media Contact:

    Daintry Bartoldus

    Executive Administrator

    Hawai‘i State Council on Developmental Disabilities

    [email protected]

    Phone: 808-586-8100

    MIL OSI USA News –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on SMCY (101.33%), MSTY (100.07%), AIYY (64.15%), YMAX (47.62%), SQY (45.38%) and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, MILWAUKEE and NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group D ETFs listed in the table below.

    ETF Ticker1 ETF Name Distribution Frequency Distribution per share Distribution Rate2,4 30-Day
    SEC Yield3    		 ROC5 Ex-Date & Record Date Payment Date
    SDTY* YieldMax™ S&P 500 0DTE Covered Call ETF Weekly   – –   –   –   – –
    GPTY YieldMax™ AI & Tech Portfolio Option Income ETF Weekly $ 0.2936 –   –   99.05 % 2/13/25 2/14/25
    LFGY YieldMax™ Crypto Industry
    & Tech Portfolio Option Income ETF    		 Weekly $ 0.5642 –   –   100.00 % 2/13/25 2/14/25
    YMAX YieldMax™ Universe
    Fund of Option Income ETFs    		 Weekly $ 0.1503 47.62 % 77.11 % 92.31 % 2/13/25 2/14/25
    YMAG YieldMax™ Magnificent 7
    Fund of Option Income ETFs    		 Weekly $ 0.0509 14.71 % 56.75 % 85.74 % 2/13/25 2/14/25
    MSTY YieldMax™ MSTR Option
    Income Strategy ETF    		 Every 4 weeks $ 2.0216 100.07 % 0.00 % 33.44 % 2/13/25 2/14/25
    YQQQ YieldMax™ Short N100 Option Income Strategy ETF Every 4 weeks $ 0.2498 19.44 % 3.81 % 0.00 % 2/13/25 2/14/25
    AMZY YieldMax™ AMZN Option
    Income Strategy ETF    		 Every 4 weeks $ 0.5480 36.33 % 2.89 % 0.00 % 2/13/25 2/14/25
    APLY YieldMax™ AAPL Option
    Income Strategy ETF    		 Every 4 weeks $ 0.3625 28.26 % 3.14 % 88.56 % 2/13/25 2/14/25
    AIYY YieldMax™ AI Option Income Strategy ETF Every 4 weeks $ 0.3710 64.15 % 3.59 % 94.49 % 2/13/25 2/14/25
    DISO YieldMax™ DIS Option Income Strategy ETF Every 4 weeks $ 0.4574 36.46 % 3.60 % 90.80 % 2/13/25 2/14/25
    SQY YieldMax™ SQ Option Income Strategy ETF Every 4 weeks $ 0.5840 45.38 % 4.13 % 93.58 % 2/13/25 2/14/25
    SMCY YieldMax™ SMCI Option Income Strategy ETF Every 4 weeks $ 2.0901 101.33 % 3.39 % 97.65 % 2/13/25 2/14/25
    Weekly Payers & Group A ETFs scheduled for next week: SDTY GPTY LFGY YMAX YMAG TSLY CRSH GOOY YBIT OARK XOMO SNOY TSMY FEAT FIVY

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

    Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the “Short ETFs”.

    Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    *The inception date for SDTY is February 5, 2025.

    1. All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio of 1.24% but the investment adviser has agreed to a 0.10% fee waiver through at least February 28, 2025.
    2. The Distribution Rate shown is as of close on February 11, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.
    3. The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended January 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.
    4. Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
    5. ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For SQY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here.

    Important Information

    This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

    Risk Disclosures (applicable only to GPTY)

    Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

    Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

    Risk Disclosure (applicable only to MARO)

    Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI: QXO Receives Antitrust Clearance for Acquisition of Beacon Roofing Supply

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 12, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (NYSE: QXO) announced today that it has obtained antitrust clearance in both the U.S. and Canada for its acquisition of Beacon Roofing Supply, Inc. (Nasdaq: BECN), paving the way for QXO to close the transaction quickly. The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau.

    “With committed financing in place and these necessary regulatory approvals secured, QXO is prepared to complete this acquisition and deliver immediate, compelling value to Beacon shareholders,” said Brad Jacobs, chairman and chief executive officer of QXO. “Beacon should remove its shareholder-unfriendly poison pill so shareholders can benefit from our premium all-cash offer.”

    QXO’s all-cash tender offer for all of Beacon’s outstanding common stock of $124.25 per share, which is higher than Beacon’s stock has ever traded, remains open until 12:00 midnight (New York City time) at the end of February 24, 2025. QXO is prepared to complete the acquisition shortly after the tender expires, subject to the terms of the offer. Importantly, the transaction is not subject to any financing conditions or due diligence conditions.

    Advisors

    Morgan Stanley & Co. LLC is acting as lead financial advisor to QXO, and Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel.

    About QXO

    QXO provides technology solutions, primarily to clients in the manufacturing, distribution and service sectors. The company provides consulting and professional services, including specialized programming, training and technical support, and develops proprietary software. As a value-added reseller of business application software, QXO offers solutions for accounting, financial reporting, enterprise resource planning, warehouse management systems, customer relationship management, business intelligence and other applications. QXO plans to become a tech-forward leader in the $800 billion building products distribution industry. The company is targeting tens of billions of dollars of annual revenue in the next decade through accretive acquisitions and organic growth. Visit www.qxo.com for more information.

    Forward-Looking Statements

    This communication contains forward-looking statements. Statements that are not historical facts, including statements about beliefs, expectations, targets, goals, regulatory approval timing and nominating directors are forward-looking statements. These statements are based on plans, estimates, expectations and/or goals at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as “may,” “will,” “should,” “expect,” “opportunity,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “target,” “goal,” or “continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Such factors include but are not limited to: the ultimate outcome of any possible transaction between QXO, Inc. (“QXO”) and Beacon Roofing Supply, Inc. (“Beacon”), including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any definitive agreement will be materially different from those proposed; uncertainties as to whether Beacon will cooperate with QXO regarding the proposed transaction; the ultimate result should QXO commence a proxy contest for election of directors to Beacon’s Board of Directors; QXO’s ability to consummate the proposed transaction with Beacon; the conditions to the completion of the proposed transaction, including the receipt of any required shareholder approvals and any required regulatory approvals; QXO’s ability to finance the proposed transaction; the substantial indebtedness QXO expects to incur in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; QXO’s ability to retain certain key employees; and general economic conditions that are less favorable than expected. QXO cautions that forward-looking statements should not be relied on as predictions of future events, and these statements are not guarantees of performance or results. Forward-looking statements herein speak only as of the date each statement is made. QXO does not assume any obligation to update any of these statements in light of new information or future events, except to the extent required by applicable law.

    Important Additional Information and Where to Find It

    This communication is for informational purposes only and does not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell Beacon securities. QXO and Queen MergerCo, Inc. (the “Purchaser”) filed a Tender Offer Statement on Schedule TO with the Securities and Exchange Commission (the “SEC”) on January 27, 2025, and Beacon filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer with the SEC on February 6, 2025. Investors and security holders are urged to carefully read the Tender Offer Statement (including the Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as each may be amended or supplemented from time to time) and the Solicitation/Recommendation Statement as these materials contain important information that investors and security holders should consider before making any decision regarding tendering their common stock, including the terms and conditions of the tender offer. The Tender Offer Statement, Offer to Purchase, Solicitation/Recommendation Statement and related materials are filed with the SEC, and investors and security holders may obtain a free copy of these materials and other documents filed by QXO and Beacon with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Tender Offer Statement and other documents that QXO and the Purchaser file with the SEC will be made available to all investors and security holders of Beacon free of charge from the information agent for the tender offer: Innisfree M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022, toll-free telephone: +1 (888) 750-5834.
    QXO and the other participants intend to file a preliminary proxy statement and accompanying WHITE universal proxy card with the SEC to be used to solicit proxies for, among other matters, the election of its slate of director nominees at the 2025 Annual Meeting of stockholders of Beacon. QXO strongly advises all stockholders of Beacon to read the preliminary proxy statement, any amendments or supplements to such proxy statement, and other proxy materials filed by QXO with the SEC as they become available because they will contain important information. Such proxy materials will be available at no charge on the SEC’s website at www.sec.gov and at QXO’s website at investors.qxo.com. In addition, the participants in this proxy solicitation will provide copies of the proxy statement, and other relevant documents, without charge, when available, upon request. Requests for copies should be directed to the participants’ proxy solicitor.

    Certain Information Concerning the Participants

    The participants in the proxy solicitation are anticipated to be QXO, Brad Jacobs, Ihsan Essaid, Matt Fassler, Mark Manduca and the individuals nominated by QXO (the “QXO Nominees”). QXO expects to determine and announce the QXO Nominees prior to the nomination deadline for the 2025 annual meeting of stockholders of Beacon. As of the date of this communication, other than 100 shares of common stock of Beacon beneficially owned by QXO, none of the participants who have been identified has any direct or indirect interest, by security holdings or otherwise, in Beacon.

    Media Contacts

    Joe Checkler
    joe.checkler@qxo.com
    203-609-9650

    Steve Lipin / Lauren Odell
    Gladstone Place Partners
    212-230-5930

    Investor Contacts

    Mark Manduca
    mark.manduca@qxo.com
    203-321-3889

    Scott Winter / Jonathan Salzberger
    Innisfree M&A Incorporated
    212-750-5833

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Thiogenesis Therapeutics, Corp. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Thiogenesis Therapeutics Corp. (TSX-V: TTI; OTCQX: TTIPF), a clinical-stage biotech company, has qualified to trade on the OTCQX® Best Market. Thiogenesis Therapeutics Corp. upgraded to OTCQX from the Pink® market.

    Thiogenesis Therapeutics Corp. begins trading today on OTCQX under the symbol “TTIPF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    About Thiogenesis Therapeutics Corp.

    Thiogenesis Therapeutics, Corp., is a clinical-stage biopharmaceutical company operating through its wholly owned subsidiary based in San Diego, CA. Thiogenesis is developing sulfur-containing prodrugs that act as precursors to previously approved thiol compounds, with the potential to treat serious pediatric diseases with unmet medical needs. Prodrugs are drugs that contain previously approved active ingredients and are modified so that they only become active when metabolized. For regulatory purposes prodrugs can use existing third-party safety data in regulatory submissions in the streamlined 505 (b)(2) regulatory pathway in the US, and its equivalent hybrid system in Europe, to proceed into human efficacy trials with regulatory clearance. Prodrugs may enhance the profile of the active ingredient to increase its bioavailability and reduce side effects. The Company’s initial target indications include Mitochondrial Encephalopathy Lactic Acidosis and Stroke (“MELAS”), Leigh’s syndrome, Rett syndrome and pediatric MASH.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI USA: Fires Rage in Patagonia

    Source: NASA

    In February 2025, multiple fires raged along the eastern slopes of the Andes Mountains in Patagonia. The fires had burned about 30,000 hectares (115 square miles) of forest in south-central Argentina by February 11, forcing hundreds of people to evacuate their homes, according to news reports.
    Smoke from the Magdalena Valley fire—burning in Lanín National Park—was visible in this image, captured by the MODIS (Moderate Resolution Imaging Spectroradiometer) instrument on NASA’s Aqua satellite on February 9, 2025 (above). A detailed view of the smoke moving through the Magdalena Valley can be seen in the image below, acquired on the same day by the OLI-2 (Operational Land Imager-2) on Landsat 9.
    The Magdalena Valley fire ignited in late January and had charred more than 15,000 hectares (58 square miles) of Lanín National Park as of February 10. The forested park, located in Argentina, shares a border with Villarrica National Park in Chile. Both parks share the two snowcapped dormant volcanoes pictured here: Lanín and Quetrupillán.

    The austral summer (December through February) is the dry season in Chile and Argentina when wildfires are more common. This year, strong winds and unusually high temperatures fueled the region’s blazes, which began in December 2024.
    Warm, dry wind from the west crossed the Andes and swept through Lanín National Park at speeds up to 45 kilometers (28 miles) per hour in early February. As the wind flowed down the lee side of the Andes, it compressed, increasing the air temperature and driving down humidity. A similar phenomenon occurs during the Chinook Winds, which flow down the east side of the Rocky Mountains.
    René Garreaud, an atmospheric scientist at the University of Chile, noted that westerly winds crossing the Andes were stronger than average from early January to early February.
    Central and northern Argentina were especially hot in January and early February 2025. Maximum temperatures hovered around 35-45 degrees Celsius (95-113 degrees Fahrenheit), which is 3-5°C above normal, according to Argentina’s national weather service. The weather service noted that these “extreme temperatures” were expected to persist in parts of the country until February 12.
    Two other fires burned south of the Magdalena Valley fire in Argentina on February 11. By that day, the Los Manzanos fire had scorched 10,000 hectares of the Nahuel Huapi National Park, according to officials, and the Confluencia fire had burned over 3,600 hectares near the town of El Bolsón.
    NASA Earth Observatory images by Michala Garrison, using Landsat data from the U.S. Geological Survey and MODIS data from NASA EOSDIS LANCE and GIBS/Worldview. Story by Emily Cassidy.

    MIL OSI USA News –

  • MIL-OSI: DT Midstream to Announce Fourth Quarter and Full Year 2024 Financial Results, Schedules Earnings Call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, Feb. 12, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) plans to announce fourth quarter and full year 2024 financial results before the market opens on Wednesday, February 26, 2025.

    DT Midstream has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) the same day. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9645886. International access numbers are available here.

    The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    The MIL Network –

  • MIL-OSI United Kingdom: Probation Service to cut crime by focusing on dangerous offenders

    Source: United Kingdom – Executive Government & Departments

    Probation staff will focus more of their time on prolific offenders and monitoring the most dangerous people

    • More intensive supervision of medium and high-risk offenders
    • 1,300 new probation officers to be recruited next year
    • New tech to increase officers’ face to face time with offenders

    Speaking at a probation office in London (12 February), Justice Secretary Shabana Mahmood set out her vision for the future of a Probation Service that protects the public, reduces reoffending and makes our streets safer as part of the Government’s plan for change.

    To support this work, the Justice Secretary announced that 1,300 new probation officers will be recruited by March 2026. These new hires are in addition to the 1,000 officers to be recruited by this March, previously announced by Shabana Mahmood when she took office in July last year.

    In her speech, the Justice Secretary argued that probation officers have been asked to do too much for too long. They have been burdened with high workloads and a one size fits all approach to managing offenders, regardless of the risk that they present to the public. This has meant officers have been unable to pay enough attention to those offenders who pose the greatest risk to society. This has led, in some cases, to missed warning signs where offenders have gone on to commit serious further offences, including murder.

    With all probation units inspected in 2024 marked as “inadequate” or “requires improvement”, changes will now be made to help staff refocus their efforts where they have the greatest impact – with the offenders who need the most attention.

    The Lord Chancellor and Justice Secretary, Shabana Mahmood said:

    The Probation Service must focus more time with offenders who are a danger to the public, and the prolific offenders whose repeat offending make life a misery for so many.

    That means for low-risk offenders, we need to change our approach too. We need to tackle the root causes of their reoffending, and end a one-size-fits-all approach that isn’t working.

    The first job of the state is to keep its people safe.  Today, as part of our Plan for Change, I have set out changes to the probation service to protect the public and make our streets safer.

    Greater time with higher risk offenders will be made possible by changing probation’s approach to the management of low risk offenders.  Probation staff will now intervene earlier with these offenders, to understand the support they require and refer them to the services that will tackle the root causes of their reoffending.

    These interventions are crucial as the latest data shows that the reoffending rate for those without stable accommodation is double those who are homeless, offenders employed six weeks after leaving prison had a reoffending rate around half of those out of work, and reoffending amongst those who complete drug treatment are 19 percentage points lower. This will help tackle a pressing issue the Criminal Justice System faces, with around 80 percent% of offenders now reoffenders.

    The Chief Inspector of Probation, Martin Jones said:

    The Probation Service does a vital job; however, our independent inspections highlight the serious challenges it faces- too few staff, with too little experience, managing too many cases to succeed.

    These plans, which rightly focus on increasing probation resources and prioritising the most serious cases, are a positive step towards increasing impact on reoffending and better protecting the public.

    To reduce the administrative burden resting on probation officers’ shoulders, the Justice Secretary will also introduce new technology including:

    • A digital tool that will put all the information a probation officer might need to know about an offender into one place.
    • Trialling a new system for risk assessing offenders, to make it more straightforward for probation officers to make robust decisions.
    • Exploring the potential of AI to be used to automatically record and transcribe supervision conversations by taking notes in real time, which will allow probation staff to focus on building relationships while removing the need to write up notes into a computer afterwards.

    In her speech, the Justice Secretary also exposed one of the inherited workload challenges faced by the probation service, which the Government will now address. Accredited Programmes are rehabilitative courses handed down by the courts to offenders to address the causes of their criminality.

    Over the three years to April 2024, the probation service did not deliver these courses to nearly 14,000 offenders before their sentence expired. To address this issue, the Probation Service must now put in place a process of prioritisation so they will be delivered to offenders at the greatest risk of reoffending or causing serious harm. For those who will now not complete an accredited programme, they remain under the supervision of a probation officer. All the other requirements they face will remain in place.

    Further information:

    • Today’s speech will be published on gov.uk
    • Guidance will be issued to staff in the coming weeks to deliver these crucial changes that will ultimately help to cut crime and keep the public safe.

    Updates to this page

    Published 12 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Murder and suicide in Yuen Long

    Source: Hong Kong Government special administrative region

    Murder and suicide in Yuen Long
    Murder and suicide in Yuen Long
    *******************************

         Police are investigating a murder and suicide case in Yuen Long happened yesterday (February 11) in which three men died.      At 8.12pm yesterday, Police received a report that two men were found lying unconsciously at a village house in Chun Hing New Village.      Police officers sped to the scene and located a 93-year-old man and his 69-year-old son sustaining multiple injuries. The two men were certified dead at scene.      At 8.17pm on the same night, Police received another report that a man was found lying unconsciously outside Yuet Ping House, Long Ping Estate. The 19-year-old man was suspected to have fallen from height and was certified dead at scene.      A 21 centimeters long fruit knife and a pair of 22 centimeters long scissors in suspected connection with the case were seized inside the village house.      Post-mortem examinations will be conducted later to ascertain the cause of death of the deceased.      Active investigation by the District Crime Squad 2 of Yuen Long District is under way. Police appeal to anyone who has information related to the case to contact the investigating officers on 3661 4643.

     
    Ends/Wednesday, February 12, 2025Issued at HKT 16:41

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected cocaine and suspected crack cocaine worth about $2.1 million (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes suspected cocaine and suspected crack cocaine worth about $2.1 million (with photo)
    Hong Kong Customs seizes suspected cocaine and suspected crack cocaine worth about $2.1 million (with photo)
    ******************************************************************************************

         Hong Kong Customs yesterday (February 11) seized about 2 kilograms of suspected cocaine and about 400 grams of suspected crack cocaine, with a total estimated market value of about $2.1 million, in Sham Tseng. A 31-year-old man suspected to be connected with the case was arrested.      During an anti-narcotics operation conducted in Sham Tseng yesterday night, Customs officers intercepted a suspicious man and seized about 400g of suspected crack cocaine inside a plastic bag carried by him. The man was subsequently arrested. Customs officers later escorted him to a residential premises nearby for a search and further seized about 2kg of suspected cocaine and a batch of suspected drug packaging paraphernalia.      The arrestee has been charged with two counts of trafficking in a dangerous drug and will appear at the West Kowloon Magistrates’ Courts tomorrow (February 13).     Under the Dangerous Drugs Ordinance, trafficking in a dangerous drug is a serious offence. The maximum penalty upon conviction is a fine of $5 million and life imprisonment.     Members of the public may report any suspected drug trafficking activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hk) or online form (eform.cefs.gov.hk/form/ced002).

     
    Ends/Wednesday, February 12, 2025Issued at HKT 16:32

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HKSAR Government holds seminar on 2024-2035 master plan on building China into a leading country in education

    Source: Hong Kong Government special administrative region

         President Xi Jinping delivered an important speech at the National Conference on Education last September, following which the 2024-2035 master plan on building China into a leading country in education (master plan) was issued, setting out a roadmap for the national education development in the next 10 years. The Hong Kong Special Administrative Region (HKSAR) Government today (February 12) held a seminar on the master plan at the Central Government Offices. Vice Minister of Education Mr Wu Yan was invited to deliver a keynote speech to enable different sectors to obtain a deeper understanding of the significance of the master plan. The Chief Secretary for Administration, Mr Chan Kwok-ki, and the Secretary for Education, Dr Choi Yuk-lin, delivered the opening and closing addresses respectively.
          
         The master plan is the first national action plan themed on building a leading country in education with the key mission to support the country’s modernisation in all aspects. It clearly proposed to establish a mechanism for co-ordinating and promoting the integration of education, technology and talent by leveraging the support of education to technology and talent. The master plan also set out the close collaboration with the development of the innovation and technology hub in the Guangdong-Hong Kong-Macao Greater Bay Area and the building of a high-calibre talent hub and platforms for talent attraction and retention, thereby enhancing the overall effectiveness of the innovation system.
          
         Speaking at the seminar, Mr Chan said that the Resolution of the Communist Party of China (CPC) Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization adopted in the Third Plenary Session of the 20th Central Committee of the CPC suggested that Hong Kong be built into an international hub for high-calibre talent. The HKSAR Government has been proactively creating favourable room for development for talent from different backgrounds, and fostering synergistic development of nurturing talent, gathering talent and science and technology, to enable talent to make Hong Kong their home and give full play to their strengths for contribution to the high-quality development of Hong Kong and the country.
          
         He pointed out that the HKSAR Government established the Committee on Education, Technology and Talents with him as the Chairman at the end of last year to enhance the systemic, holistic and synergistic nature of policies, which target the manpower demand of Hong Kong’s strategic positioning of “eight centres”. It aims to promote integrated development of education, technology and talent from the top and fully implement the work of invigorating the country through science and education.
          
         Speaking at the seminar, Dr Choi said that with the rapid development of education in the country in the coming 10 years, Hong Kong’s education will also thrive. The Education Bureau (EDB) will keep its principles and be innovative to tie in with the national strategy of invigorating the country through science and education, and grasp the development opportunities offered by the country’s initiatives such as the Belt and Road and the Greater Bay Area to push forward with Hong Kong’s education development.
          
         She stressed that the EDB will deepen Hong Kong’s role as an international post-secondary education hub, pooling together talent with a view to consolidating and developing Hong Kong’s education strengths. Apart from boosting the comprehensive strengths of tertiary education and forging new development competitive edges with digital education, the EDB will also create multiple pathways for young generations, further enhance students’ whole-person development, and raise teachers’ professional qualities and capabilities to achieve the goal of cultivating values and nurturing people.
          
         A number of participants also shared their views at the seminar.
          
         The seminar today was attended by around 400 participants, including representatives from the Ministry of Education, the Hong Kong and Macao Work Office of the CPC Central Committee, and the Hong Kong and Macao Affairs Office of the State Council; Hong Kong deputies to the National People’s Congress; Hong Kong Standing Committee members of the Chinese People’s Political Consultative Conference; members of the Legislative Council Panel on Education; the EDB directorate; representatives from the councils of universities and post-secondary institutions; representatives from school councils and principals’ associations in relation to kindergartens, primary schools and secondary schools, and representatives from relevant education organisations and advisory and statutory bodies.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PM Surya Ghar: Muft Bijli Yojana Turns One

    Source: Government of India

    PM Surya Ghar: Muft Bijli Yojana Turns One

    Powering India’s Solar Revolution

    Posted On: 12 FEB 2025 12:48PM by PIB Delhi

    Introduction

    On February 13, 2025, the PM Surya Ghar: Muft Bijli Yojana (PMSGMBY) will mark its first anniversary, celebrating a year of empowering households with affordable solar energy and accelerating India’s transition to a sustainable future. Launched by Prime Minister Narendra Modi on February 13, 2024, this groundbreaking initiative aims to provide free electricity to households by facilitating the installation of rooftop solar panels. The PMSGMBY, the world’s largest domestic rooftop solar initiative, is reshaping India’s energy landscape with a bold vision to supply solar power to one crore households by March 2027.

    As of January 27, 2025, the scheme has already benefitted 8.46 lakh households through rooftop solar installations. The rapid adoption of solar energy is evident in the tenfold increase in monthly installation rates, which now stand at around 70,000 installations per month, significantly surpassing pre-scheme levels. The scheme offers a subsidy of up to 40%, making renewable energy more affordable and accessible. So far, ₹4,308.66 crore has been disbursed as Central Financial Assistance (CFA) to 5.54 lakh residential consumers, with an average subsidy of ₹77,800 per household. Additionally, an estimated 45% of the beneficiaries are now receiving zero electricity bills, depending on their solar power generation and consumption patterns.

    Top 5 states with the highest number of households benefiting under the PM Surya Ghar: Muft Bijli Yojana.

     

    Key Benefits

    The PM Surya Ghar: Muft Bijli Yojana offers several significant benefits to participating households:

    • Free Electricity for Households: The scheme provides households with free electricity through the installation of subsidized rooftop solar panels, significantly reducing their energy costs.

     

    • Reduced Electricity Costs for the Government: By promoting the widespread use of solar power, the scheme is expected to save the government an estimated ₹75,000 crore annually in electricity costs.

     

    • Increased Use of Renewable Energy: The scheme encourages the adoption of renewable energy sources, contributing to a more sustainable and environmentally friendly energy mix in India.

     

    • Reduced Carbon Emissions: The transition to solar energy under this scheme will help lower carbon emissions, supporting India’s commitment to reducing its carbon footprint.

    Subsidy Details

    The subsidy provided under the scheme varies based on the household’s average monthly electricity consumption and the corresponding suitable rooftop solar plant capacity:

    Average Monthly Electricity Consumption (units)

    Suitable Rooftop Solar Plant Capacity

    Subsidy Support

     

    0-150

    1-2 kW

    ₹ 30,000/- to ₹ 60,000/-

    150-300

    2-3 kW

    ₹ 60,000/- to ₹ 78,000/-

    > 300

    Above 3 kW

    ₹ 78,000/-

     

    Subsidy Application and Vendor Selection: Households can apply for the subsidy through the National Portal, where they can also select a suitable vendor for installing rooftop solar. The National Portal will assist in decision-making by providing information on appropriate system sizes, a benefits calculator, vendor ratings, and other relevant details. With all credentials are entered correctly on the National Portal, the average time taken in processing the CFA is around 15 days after redemption request made by the consumer.

     

    Collateral-Free Loans: Households will have access to collateral-free, low-interest loans at around 7% interest for the installation of residential rooftop solar (RTS) systems up to 3 kW.

    Eligibility

    Application Process

    The application process involves following nine specific steps to ensure a smooth and efficient submission and approval of solar panel installation.

    Impact

    The   PM Surya Ghar: Muft Bijli Yojana is expected to have far-reaching outcomes, both for individual households and the nation as a whole:

    • Household Savings and Income Generation: Households will benefit from significant savings on their electricity bills. Additionally, they will have the opportunity to earn extra income by selling surplus power generated by their rooftop solar systems to DISCOMs. For instance, a 3-kW system can generate over 300 units per month on average, providing a reliable source of energy and potential revenue.

     

    • Expansion of Solar Capacity: The scheme is projected to add 30 GW of solar capacity through rooftop installations in the residential sector, significantly contributing to India’s renewable energy goals.

     

    • Environmental Benefits: Over the 25-year lifetime of these rooftop systems, it is estimated that the scheme will generate 1000 BUs of electricity while reducing CO2 emissions by 720 million tonnes, making a substantial positive impact on the environment.

     

    • Job Creation: The scheme is also expected to create approximately 17 lakh direct jobs across various sectors, including manufacturing, logistics, supply chain, sales, installation, operations and maintenance (O&M), and other services, thereby boosting employment and economic growth in the country.

     

    Model Solar Village

    Under the “Model Solar Village” component of the scheme, the focus is on establishing one Model Solar Village per district throughout India. This initiative aims to promote solar energy adoption and empower village communities to achieve energy self-reliance. An allocation of ₹800 crore has been designated for this component, with ₹1 crore provided to each selected Model Solar Village.

    To qualify as a candidate village, it must be a revenue village with a population of over 5,000 (or 2,000 in special category states). Villages are selected through a competitive process, evaluated on their overall distributed renewable energy (RE) capacity six months after being identified by the District Level Committee (DLC).

    The village in each district with the highest RE capacity will receive a central financial assistance grant of ₹1 crore. The State/UT Renewable Energy Development Agency, under the supervision of the DLC, will oversee the implementation, ensuring these model villages successfully transition to solar energy and set a benchmark for others across the country.

    Conclusion

    In conclusion, the PM Surya Ghar: Muft Bijli Yojana is set to significantly reshape India’s energy landscape by empowering millions of households with solar power. By March 2025, installations are expected to exceed 10 lakh, doubling to 20 lakh by October 2025, reaching 40 lakh by March 2026, and ultimately achieving the ambitious one crore target by March 2027. This transformative initiative is set to save the government ₹75,000 crores annually in electricity costs, reinforcing India’s leadership in clean energy innovation. Through substantial subsidies, accessible financing options, and a focus on renewable energy, the initiative will not only provide free electricity to households but also contribute to significant savings for the government, reduced carbon emissions, and job creation.

    The Model Solar Village initiative further supports rural areas in becoming energy self-reliant, underscoring the government’s commitment to sustainable development. This ambitious programme sets India on a path toward a greener, more energy-efficient future, reinforcing its leadership in renewable energy.

    References:

    v https://pib.gov.in/PressReleasePage.aspx?PRID=2005596

    v https://www.myscheme.gov.in/schemes/pmsgmb

    v https://www.pmsuryaghar.gov.in/whatIsNew

    v https://cdnbbsr.s3waas.gov.in/s3716e1b8c6cd17b771da77391355749f3/uploads/2024/08/2024080998431910.pdf

    v https://pib.gov.in/PressReleasePage.aspx?PRID=2080833

    v https://sansad.in/getFile/annex/266/AU945_gOv3Tm.pdf?source=pqars

    Kindly find the pdf file 

    ****

    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

    (Release ID: 2102149) Visitor Counter : 38

    MIL OSI Asia Pacific News –

  • MIL-OSI: Bitget Wallet Integrates Mantra Mainnet, Enabling Access to RWA Tokenization

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 12, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced full support for the Mantra Mainnet, a Layer 1 blockchain focused on the tokenization of real-world assets (RWA). With this integration, Bitget Wallet users can easily access Mantra’s network to transfer and receive $OM tokens, participate in cross-chain transactions, and explore staking opportunities through Mantra’s DApp.

    The Mantra Mainnet is designed to enable the onchain representation of real-world assets, bridging the gap between traditional finance and blockchain ecosystems. Through tokenization, Mantra aims to provide a scalable and flexible foundation for integrating RWAs within decentralized finance (DeFi). By offering a compliant-ready framework, it positions itself as a key player in unlocking RWA potential.

    Bitget Wallet’s integration with Mantra highlights its commitment to expanding user access to emerging on-chain asset ecosystems. Users can interact seamlessly with Mantra’s DApp, which offers $OM token staking, cross-chain functions, and official rewards programs. This integration aligns with the growing trend of bringing real-world asset exposure to the decentralized world.

    Looking ahead, Bitget Wallet plans to deepen its collaboration with Mantra through upcoming reward programs designed to encourage user participation in the evolving RWA ecosystem. “As real-world assets move on-chain, wallets become gateways to a new era of finance,” said Alvin Kan, COO of Bitget Wallet. “Our partnership with Mantra accelerates this shift by providing users with direct access to tokenized assets, reshaping how value is stored, transferred, and grown in the digital world.”

    About Bitget Wallet
    Bitget Wallet is the home of Web3, uniting endless possibilities in one non-custodial wallet. With over 60 million users, it offers comprehensive onchain services, including asset management, instant swaps, rewards, staking, trading tools, live market data, a DApp browser, an NFT marketplace and crypto payment. Supporting over 100 blockchains, 20,000+ DApps, and 500,000+ tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges, along with a $300+ million protection fund to ensure safety of users’ assets. Experience Bitget Wallet Lite to start a Web3 journey.
    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook
    For media inquiries, please contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b1b3321-b108-40cb-94a7-2d49171cac93

    The MIL Network –