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Category: KB

  • MIL-OSI China: China remains ‘thriving land’ in global economy: Premier Li

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

    BEIJING, June 26 — Premier Li Qiang said on Thursday that China’s economy will remain a thriving land in the global economy, and the expansion and upgrading of the massive Chinese market will keep generating significant dividends, offering greater trade and investment opportunities for other countries.

    Speaking at the opening ceremony of the 10th Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) Board of Governors, Li affirmed China’s commitment to high-standard opening up and its ongoing deep integration into the global economy, a move set to create fresh development opportunities worldwide.

    MIL OSI China News –

  • MIL-OSI China: China to expedite review of rare earth-related export license applications: commerce ministry

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

    China to expedite review of rare earth-related export license applications: commerce ministry

    BEIJING, June 26 — China has consistently placed great importance on maintaining the stability and security of global industrial and supply chains and has been accelerating the review of rare earth-related export license applications in accordance with relevant laws and regulations, the Ministry of Commerce said Thursday.

    China has approved a certain number of compliant applications in accordance with the law and will continue to strengthen the review and approval of such applications, He Yadong, spokesperson for the ministry, told a regular press conference when answering a question on rare earth exports.

    China is willing to enhance communication and dialogue with relevant countries on export controls and actively promote the facilitation of compliant trade, He added.

    MIL OSI China News –

  • MIL-OSI China: China, Croatia renew education cooperation program

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

    ZAGREB, June 26 — China’s Ministry of Education and the Croatian Ministry of Science, Education and Youth signed the 2025-2029 education cooperation program here Wednesday to further promote bilateral education cooperation.

    According to the program, the two sides will increase cooperation in such fields as higher education research, basic and vocational education, and expand multilateral cooperation within international organizations and other institutions.

    The new education cooperation program has been a continuation and expansion of the 2018-2022 education cooperation program signed by the two sides years ago.

    At the signing ceremony, Chinese Ambassador to Croatia Qi Qianjin said that the renewal of the two countries’ education cooperation program will further promote the two countries’ all-round cooperation in the field of education.

    Since the establishment of a comprehensive cooperative partnership between China and Croatia 20 years ago, bilateral cooperation in various fields has continued to increase, Qi said, adding that as the world’s scientific and technological innovation is developing rapidly, it is particularly important to strengthen educational cooperation between the two sides.

    Radovan Fuchs, minister of Science, Education and Youth of Croatia, praised the signing of the new education cooperation program, highlighting its expansion into basic and vocational education cooperation, and expressed confidence that the new program will lead to results in bilateral education cooperation.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: S for Housing attends Asia Pacific Network for Housing Research 2025 Conference at Tsinghua University (with photos)

    Source: Hong Kong Government special administrative region

    S for Housing attends Asia Pacific Network for Housing Research 2025 Conference at Tsinghua University  
         The APNHR is an international organisation focusing on housing issues in the Asia-Pacific region. The conference was held at Tsinghua University this year with the theme “Towards Resilience and Inclusivity: Adapting to Multifaceted Challenges in the Asia-Pacific Region”. The conference convened experts and scholars in the fields of architecture, urban planning, sociology, environmental studies, and others from the Asia-Pacific region to have in-depth exchanges on the housing development and challenges in the region, and to jointly explore ways to promote innovative housing construction and development directions. Participants included professors and students from Tsinghua University and relevant trade representatives.
    ???
         Ms Ho attended the roundtable session of the conference in the morning. She shared the opportunities and challenges in housing development faced by the Housing Bureau (HB) of the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Housing Authority (HKHA). She said that the current-term HKSAR Government has actively addressed Hong Kong’s housing problems since taking office, overcoming livelihood issues and addressing people’s concerns by identifying sites and enhancing the quantity, speed, efficiency and quality of public housing construction. The HB is working full steam ahead on implementing groundbreaking innovative policy initiatives, such as Light Public Housing (LPH) and Basic Housing Units, to tackle the “long-standing, big and difficult” issue that has plagued Hong Kong for many years and to provide the grassroots with options to improve their living environment and quality of life. The HKHA, established over 50 years ago, has long been providing affordable rental housing to low-income families with housing needs. It continuously enhances the housing ladder to help low- to middle-income families gain access to subsidised home ownership, encouraging them to move up the housing ladder and thus enhance people’s sense of contentment and happiness.
     
         Ms Ho said that Hong Kong, with its distinctive advantages of enjoying strong support from the motherland and being closely connected to the world, has leveraged the strengths of the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area in smart construction. The HB and the HKHA have been making use of various innovative construction technologies, such as Modular Integrated Construction (MiC), construction robots and smart project management platforms, to enhance construction efficiency and build LPH expeditiously, so as to improve the living conditions of those who are inadequately housed as soon as possible.
     
         She also introduced at the conference the “Well-being design” guide launched by the HB and the HKHA last year. It covers eight well-being concepts, namely “Health & Vitality”, “Green Living and Sustainability”, “Age-Friendliness”, “Intergenerational & Inclusive Living”, “Family & Community Connection”, “Urban Integration”, “Upward Mobility” and “Perception & Image”. The guide serves as a reference for the future design of new public housing and the improvement works of existing public rental housing estates, with a view to creating a more comfortable and vibrant living environment for public housing tenants. Apart from housing construction, the HKHA has also continued to enhance management efficiency and service quality of its nearly 200 public rental housing estates by actively promoting smart estate management and introducing new technologies to optimise estate management and building maintenance services, to provide a better living environment for its residents.
     
         In the afternoon, Ms Ho visited the Qingtangwan public rental housing project in Beijing. This project is a green residential area that adopted the use of prefabricated components and environmental monitoring platforms, among others, that facilitate energy saving and decarbonisation and promote a low-carbon lifestyle. It also implements smart community management through community apps. This is in line with the HKHA’s direction of promoting smart estate management through innovative technologies, which is of reference value to Hong Kong.
     
         Afterwards, Ms Ho met with the Deputy Director-General of the Bureau of International Cooperation of the State-owned Assets Supervision and Administration Commission of the State Council, Mr Xie Hui, to exchange views on housing design and planning. She also shared the adoption of advanced construction technologies from the Mainland in Hong Kong and the outcomes. She mentioned that this year, under the Housing•I&T initiative, the HB will organise a series of activities and visits, including an international symposium to be held in Hong Kong in November, to showcase to the world the latest developments of construction technologies in Mainland China and Hong Kong. The HB will fully capitalise on Hong Kong’s unique advantages of connecting with both the Mainland and the rest of the world and play the role of a “super connector” and a “super value-adder”. She expressed hope that friends from around the world could attend the symposium to be hosted by Hong Kong at the end of this year.
     
         Yesterday (June 25), Ms Ho visited the Better House Living Tech Lab and was briefed on the practice of combining housing design concepts of quality homes and technologies on the Mainland. Some examples are the installation of age-friendly facilities such as handrails and sensor lights, and the External Wall Three-Axis Surveillance System for monitoring the old exterior walls’ stability, to create a safe and eco-friendly smart living environment.
     
         Ms Ho will continue her visit to Beijing tomorrow (June 27) before returning to Hong Kong.
    Issued at HKT 18:09

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HKMA and SFC conclude annual updates to Financial Services Providers list under OTC derivatives regulatory regime

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:
     
    The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) today (June 26) issued joint consultation conclusions on the annual updates to the list of Financial Services Providers (FSP List) (Note 1) under the over-the-counter (OTC) derivatives clearing regime.
     
    Having considered market feedback, the HKMA and SFC will implement the proposed changes to the FSP List as set out in the joint consultation paper (Note 2). The consultation conclusions paper and updated FSP List are available on the websites of the HKMA and SFC (Note 3).

    Note 1: The FSP List includes entities that meet the following two criteria:
    (a)  They belong to a group of companies that appears on either the list of global systemically important banks published by the Financial Stability Board, or the list of dealer groups which undertook to the OTC Derivatives Supervisors Group to work collaboratively with central counterparties, infrastructure providers and global supervisors to continue to make structural improvements to the global OTC derivatives markets; and
    (b)  They are clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong.

    Note 2: See the April 2025 joint consultation paper on the annual updates to the FSP List. 

    Note 3: The updated FSP List will be gazetted during the fourth quarter of 2025 for implementation on January 1, 2026.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: HKMA and SFC conclude annual updates to Financial Services Providers list under OTC derivatives regulatory regime

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:
     
    The Hong Kong Monetary Authority (HKMA) and Securities and Futures Commission (SFC) today (June 26) issued joint consultation conclusions on the annual updates to the list of Financial Services Providers (FSP List) (Note 1) under the over-the-counter (OTC) derivatives clearing regime.
     
    Having considered market feedback, the HKMA and SFC will implement the proposed changes to the FSP List as set out in the joint consultation paper (Note 2). The consultation conclusions paper and updated FSP List are available on the websites of the HKMA and SFC (Note 3).

    Note 1: The FSP List includes entities that meet the following two criteria:
    (a)  They belong to a group of companies that appears on either the list of global systemically important banks published by the Financial Stability Board, or the list of dealer groups which undertook to the OTC Derivatives Supervisors Group to work collaboratively with central counterparties, infrastructure providers and global supervisors to continue to make structural improvements to the global OTC derivatives markets; and
    (b)  They are clearing members of the largest central counterparties offering clearing for interest rate swaps in the United States, Europe, Japan and Hong Kong.

    Note 2: See the April 2025 joint consultation paper on the annual updates to the FSP List. 

    Note 3: The updated FSP List will be gazetted during the fourth quarter of 2025 for implementation on January 1, 2026.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Working Group on Patriotic Education distributes tote bags and badges to local primary school students (with photo)

    Source: Hong Kong Government special administrative region

    Working Group on Patriotic Education distributes tote bags and badges to local primary school students (with photo)     
         The Convenor of the WGPE, Dr Starry Lee, said, “The Central Government gifted a pair of giant pandas to the HKSAR, demonstrating the country’s care for Hong Kong and fostering exchanges in areas such as culture and conservation. In celebration of the 28th anniversary of the establishment of the HKSAR and the upcoming first birthday of the giant panda twin cubs, Jia Jia and De De, tote bags and badges are distributed to local primary school students to share the joy, promote patriotism, and strengthen students’ sense of belonging to our nation.”
         
         The Giant Panda Family tote bags feature Hong Kong’s traditional signage with six adorable and lively giant pandas. Paired with badges displaying messages of promoting love for our country, Hong Kong and our community, patriotic education can be better integrated across campuses and into students’ daily studies and lives in an interesting and diversified manner.
    Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Working Group on Patriotic Education distributes tote bags and badges to local primary school students (with photo)

    Source: Hong Kong Government special administrative region

    Working Group on Patriotic Education distributes tote bags and badges to local primary school students (with photo)     
         The Convenor of the WGPE, Dr Starry Lee, said, “The Central Government gifted a pair of giant pandas to the HKSAR, demonstrating the country’s care for Hong Kong and fostering exchanges in areas such as culture and conservation. In celebration of the 28th anniversary of the establishment of the HKSAR and the upcoming first birthday of the giant panda twin cubs, Jia Jia and De De, tote bags and badges are distributed to local primary school students to share the joy, promote patriotism, and strengthen students’ sense of belonging to our nation.”
         
         The Giant Panda Family tote bags feature Hong Kong’s traditional signage with six adorable and lively giant pandas. Paired with badges displaying messages of promoting love for our country, Hong Kong and our community, patriotic education can be better integrated across campuses and into students’ daily studies and lives in an interesting and diversified manner.
    Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: External merchandise trade statistics for May 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for May 2025 
    In May 2025, the value of total exports of goods increased by 15.5% over a year earlier to $434.1 billion, after a year-on-year increase by 14.7% in April 2025. Concurrently, the value of imports of goods increased by 18.9% over a year earlier to $461.4 billion in May 2025, after a year-on-year increase by 15.8% in April 2025. A visible trade deficit of $27.3 billion, equivalent to 5.9% of the value of imports of goods, was recorded in May 2025.
     
    For the first five months of 2025 as a whole, the value of total exports of goods increased by 12.6% over the same period in 2024. Concurrently, the value of imports of goods increased by 12.9%. A visible trade deficit of $124.7 billion, equivalent to 5.8% of the value of imports of goods, was recorded in the first five months of 2025.
     
    Comparing the three-month period ending May 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 10.0%. Meanwhile, the value of imports of goods increased by 11.9%.
     
    Analysis by country/territory
     
    Comparing May 2025 with May 2024, total exports to Asia as a whole grew by 21.8%. In this region, increases were registered in the values of total exports to most major destinations, in particular Japan (+96.2%), Malaysia (+55.3%), Taiwan (+54.8%), Vietnam (+41.2%), India (+35.1%) and the mainland of China (the Mainland) (+17.6%). On the other hand, a decrease was recorded in the value of total exports to Korea (-25.6%).
     
    Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (-52.0%) and the USA (-18.4%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+67.3%), the United Kingdom (+49.2%), Taiwan (+33.5%), Malaysia (+27.7%) and the Mainland (+18.5%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+58.5%), Taiwan (+39.7%), Japan (+20.4%) and the Mainland (+17.9%). On the other hand, a decrease was recorded in the value of total exports to the United Arab Emirates (-24.0%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+76.4%), the United Kingdom (+55.8%), Taiwan (+48.9%), Malaysia (+34.2%) and the Mainland (+9.4%). On the other hand, a decrease was recorded in the value of imports from Korea (-19.6%).
     
    Analysis by major commodity
     
    Comparing May 2025 with May 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $27.4 billion or +15.5%) and “office machines and automatic data processing machines” (by $18.9 billion or +44.9%).
     
    Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $40.4 billion or +23.7%) and “office machines and automatic data processing machines” (by $21.7 billion or +69.4%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports of most principal commodity divisions, in particular “office machines and automatic data processing machines” (by $125.1 billion or +66.1%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $103.3 billion or +12.0%).
     
    Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $122.8 billion or +14.6%) and “office machines and automatic data processing machines” (by $115.9 billion or +81.5%).
     
    Commentary
     
    A Government spokesman said that the value of merchandise exports continued to show resilience, picking up strongly by 15.5% in May over a year earlier. Exports to the Mainland and most other Asian markets grew visibly further. Exports to the European Union turned to moderate growth, while those to the United States fell.
     
    Looking ahead, the sustained steady growth in the Mainland economy and Hong Kong’s enhanced economic and trade ties with different markets should render support to trade performance. The Government will continue to closely monitor the external environment and stay vigilant to the elevated geopolitical tensions and uncertainties surrounding trade policies.
     
    Further information
     
    Table 1 presents the analysis of external merchandise trade statistics for May 2025. Table 2 presents the original monthly trade statistics from January 2022 to May 2025, and Table 3 gives the seasonally adjusted series for the same period.
     
    The values of total exports of goods to 10 main destinations for May 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
     
    Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for May 2025.
     
    All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for May 2025 will be released in mid-July 2025.
     
    The May 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in May 2025 and will be available in early July 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230 
    Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
    Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: External merchandise trade statistics for May 2025

    Source: Hong Kong Government special administrative region

    External merchandise trade statistics for May 2025 
    In May 2025, the value of total exports of goods increased by 15.5% over a year earlier to $434.1 billion, after a year-on-year increase by 14.7% in April 2025. Concurrently, the value of imports of goods increased by 18.9% over a year earlier to $461.4 billion in May 2025, after a year-on-year increase by 15.8% in April 2025. A visible trade deficit of $27.3 billion, equivalent to 5.9% of the value of imports of goods, was recorded in May 2025.
     
    For the first five months of 2025 as a whole, the value of total exports of goods increased by 12.6% over the same period in 2024. Concurrently, the value of imports of goods increased by 12.9%. A visible trade deficit of $124.7 billion, equivalent to 5.8% of the value of imports of goods, was recorded in the first five months of 2025.
     
    Comparing the three-month period ending May 2025 with the preceding three months on a seasonally adjusted basis, the value of total exports of goods increased by 10.0%. Meanwhile, the value of imports of goods increased by 11.9%.
     
    Analysis by country/territory
     
    Comparing May 2025 with May 2024, total exports to Asia as a whole grew by 21.8%. In this region, increases were registered in the values of total exports to most major destinations, in particular Japan (+96.2%), Malaysia (+55.3%), Taiwan (+54.8%), Vietnam (+41.2%), India (+35.1%) and the mainland of China (the Mainland) (+17.6%). On the other hand, a decrease was recorded in the value of total exports to Korea (-25.6%).
     
    Apart from destinations in Asia, decreases were registered in the values of total exports to some major destinations in other regions, in particular the United Kingdom (-52.0%) and the USA (-18.4%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+67.3%), the United Kingdom (+49.2%), Taiwan (+33.5%), Malaysia (+27.7%) and the Mainland (+18.5%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports to some major destinations, in particular Vietnam (+58.5%), Taiwan (+39.7%), Japan (+20.4%) and the Mainland (+17.9%). On the other hand, a decrease was recorded in the value of total exports to the United Arab Emirates (-24.0%).
     
    Over the same period of comparison, increases were registered in the values of imports from most major suppliers, in particular Vietnam (+76.4%), the United Kingdom (+55.8%), Taiwan (+48.9%), Malaysia (+34.2%) and the Mainland (+9.4%). On the other hand, a decrease was recorded in the value of imports from Korea (-19.6%).
     
    Analysis by major commodity
     
    Comparing May 2025 with May 2024, increases were registered in the values of total exports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $27.4 billion or +15.5%) and “office machines and automatic data processing machines” (by $18.9 billion or +44.9%).
     
    Over the same period of comparison, increases were registered in the values of imports of most principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $40.4 billion or +23.7%) and “office machines and automatic data processing machines” (by $21.7 billion or +69.4%).
     
    For the first five months of 2025 as a whole, increases were registered in the values of total exports of most principal commodity divisions, in particular “office machines and automatic data processing machines” (by $125.1 billion or +66.1%) and “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $103.3 billion or +12.0%).
     
    Over the same period of comparison, increases were registered in the values of imports of some principal commodity divisions, in particular “electrical machinery, apparatus and appliances, and electrical parts thereof” (by $122.8 billion or +14.6%) and “office machines and automatic data processing machines” (by $115.9 billion or +81.5%).
     
    Commentary
     
    A Government spokesman said that the value of merchandise exports continued to show resilience, picking up strongly by 15.5% in May over a year earlier. Exports to the Mainland and most other Asian markets grew visibly further. Exports to the European Union turned to moderate growth, while those to the United States fell.
     
    Looking ahead, the sustained steady growth in the Mainland economy and Hong Kong’s enhanced economic and trade ties with different markets should render support to trade performance. The Government will continue to closely monitor the external environment and stay vigilant to the elevated geopolitical tensions and uncertainties surrounding trade policies.
     
    Further information
     
    Table 1 presents the analysis of external merchandise trade statistics for May 2025. Table 2 presents the original monthly trade statistics from January 2022 to May 2025, and Table 3 gives the seasonally adjusted series for the same period.
     
    The values of total exports of goods to 10 main destinations for May 2025 are shown in Table 4, whereas the values of imports of goods from 10 main suppliers are given in Table 5.
     
    Tables 6 and 7 show the values of total exports and imports of 10 principal commodity divisions for May 2025.
     
    All the merchandise trade statistics described here are measured at current prices and no account has been taken of changes in prices between the periods of comparison. A separate analysis of the volume and price movements of external merchandise trade for May 2025 will be released in mid-July 2025.
     
    The May 2025 issue of “Hong Kong External Merchandise Trade” contains detailed analysis on the performance of Hong Kong’s external merchandise trade in May 2025 and will be available in early July 2025. Users can browse and download the report at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1020005&scode=230 
    Enquiries on merchandise trade statistics may be directed to the Trade Analysis Section of the C&SD (Tel: 2582 4691).
    Issued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Wage and payroll statistics for March 2025

    Source: Hong Kong Government special administrative region

    Wage and payroll statistics for March 2025 
    According to the figures released today (June 26) by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 3.5% in nominal terms in March 2025 over a year earlier.
     
    About 62% of the companies reported increase in average wage rates in March 2025 compared with a year ago. A total of 34% of the companies recorded decrease in average wage rates over the same period. The remaining 4% reported virtually no change in average wage rates.
     
    After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.6% in real terms in March 2025 over a year earlier.
     
    As for payroll, the index of payroll per person engaged for all the industry sections surveyed increased by 3.2% in nominal terms in the first quarter of 2025 over a year earlier.
     
    After discounting the changes in consumer prices as measured by the Composite Consumer Price Index, the average payroll per person engaged increased by 1.6% in real terms in the first quarter of 2025 compared with a year earlier.
     
    The wage rate includes basic wages and other regular and guaranteed allowances and bonuses. Payroll includes elements covered by wage rate as well as other irregular payments to workers such as discretionary bonuses and overtime allowances. The payroll statistics therefore tend to show relatively larger quarter-to-quarter changes, affected by the number of hours actually worked and the timing of payment of bonuses and back-pay.
     
    Sectoral changes
     
    For the nominal wage indices, year-on-year increases were recorded in all selected industry sections in March 2025, ranging from 3.1% to 4.1%.
     
    For the real wage indices, year-on-year increases were also recorded in all selected industry sections in March 2025, ranging from 1.1% to 2.1%.
     
    The year-on-year changes in the nominal and real wage indices for the selected industry sections from March 2024 to March 2025 are shown in Table 1.
     
    As for the nominal indices of payroll per person engaged, year-on-year increases were recorded in all selected industry sections in the first quarter of 2025, ranging from 2.0% to 3.9%.
     
    For the real payroll indices, year-on-year increases were also recorded in all selected industry sections in the first quarter of 2025, ranging from 0.4% to 2.3%.
     
    The year-on-year changes in the nominal and real indices of payroll per person engaged for selected industry sections from the first quarter of 2024 to the first quarter of 2025 are shown in Table 2. The quarterly changes in the seasonally adjusted nominal and real indices of payroll per person engaged in the same period are shown in Table 3.
     
    Commentary
     
    A Government spokesman said that wages and labour earnings continued to increase in all surveyed industries in the first quarter of 2025 over a year earlier.
     
    The average wage rate for all selected industries increased by 3.5% in nominal terms in March 2025. After discounting for inflation, the average wage rate increased by 1.6% in real terms.
     
    Payroll per person engaged, which includes basic wage, discretionary bonuses and other irregular payments, rose by 3.2% in nominal terms and 1.6% in real terms in the first quarter of 2025.
     
    Looking ahead, the expansion of the Hong Kong economy should render support to labour demand and thus wages and labour earnings, though the external uncertainties and the changing consumption patterns of residents and visitors may continue to pose challenges.
     
    Other information
     
    Both wage indices and payroll indices are compiled quarterly based on the results of the Labour Earnings Survey (LES) conducted by C&SD. Wage index only covers employees up to the supervisory level (i.e. not including managerial and professional employees), whereas payroll index covers employees at all levels and proprietors actively engaged in the work of the establishment.
     
    Apart from the differences in employee coverage, wage statistics are conceptually different from the payroll statistics. Firstly, wage rate for an employee refers to the sum earned for his normal hours of work. It covers basic wages and other regular and guaranteed allowances and bonuses, but excludes earnings from overtime work and discretionary bonuses, which are however included in payroll per person engaged. Secondly, the payroll index of an industry is an indicator of the simple average payroll received per person engaged in the industry. Its movement is therefore affected by changes in wage rates, number of hours of work and occupational composition in the industry. In contrast, the wage index of an industry is devised to reflect the pure changes in wage rate, with the occupational composition between two successive statistical periods being kept unchanged. In other words, the wage index reflects the change in the price of labour. Because of these conceptual and enumeration differences between payroll and wage statistics, the movements in payroll indices and in wage indices do not necessarily match closely with each other.
     
    It should also be noted that different consumer price indices are used for compiling the real indices of wage and payroll to take into account the differences in their respective occupation coverage. Specifically, the Composite Consumer Price Index, being an indicator of overall consumer prices, is taken as the price deflator for payroll of workers at all levels of the occupational hierarchy. The Consumer Price Index (A), being an indicator of consumer prices for the relatively low expenditure group, is taken as the price deflator for wages in respect of employees engaged in occupations up to the supervisory level.
     
    Detailed breakdowns of the payroll and wage statistics are published in the “Quarterly Report of Wage and Payroll Statistics, March 2025”. Users can browse and download the publication at the website of C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050009&scode=210 
       For enquiries on wage and payroll statistics, please contact the Wages and Labour Costs Statistics Section (1) of C&SD (Tel: 2887 5550 or email:     wage@censtatd.gov.hkIssued at HKT 16:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Wage and payroll statistics for March 2025

    Source: Hong Kong Government special administrative region

    Wage and payroll statistics for March 2025 
    According to the figures released today (June 26) by the Census and Statistics Department (C&SD), the average wage rate for all the selected industry sections surveyed, as measured by the wage index, increased by 3.5% in nominal terms in March 2025 over a year earlier.
     
    About 62% of the companies reported increase in average wage rates in March 2025 compared with a year ago. A total of 34% of the companies recorded decrease in average wage rates over the same period. The remaining 4% reported virtually no change in average wage rates.
     
    After discounting the changes in consumer prices as measured by the Consumer Price Index (A), the overall average wage rate for all the selected industry sections surveyed increased by 1.6% in real terms in March 2025 over a year earlier.
     
    As for payroll, the index of payroll per person engaged for all the industry sections surveyed increased by 3.2% in nominal terms in the first quarter of 2025 over a year earlier.
     
    After discounting the changes in consumer prices as measured by the Composite Consumer Price Index, the average payroll per person engaged increased by 1.6% in real terms in the first quarter of 2025 compared with a year earlier.
     
    The wage rate includes basic wages and other regular and guaranteed allowances and bonuses. Payroll includes elements covered by wage rate as well as other irregular payments to workers such as discretionary bonuses and overtime allowances. The payroll statistics therefore tend to show relatively larger quarter-to-quarter changes, affected by the number of hours actually worked and the timing of payment of bonuses and back-pay.
     
    Sectoral changes
     
    For the nominal wage indices, year-on-year increases were recorded in all selected industry sections in March 2025, ranging from 3.1% to 4.1%.
     
    For the real wage indices, year-on-year increases were also recorded in all selected industry sections in March 2025, ranging from 1.1% to 2.1%.
     
    The year-on-year changes in the nominal and real wage indices for the selected industry sections from March 2024 to March 2025 are shown in Table 1.
     
    As for the nominal indices of payroll per person engaged, year-on-year increases were recorded in all selected industry sections in the first quarter of 2025, ranging from 2.0% to 3.9%.
     
    For the real payroll indices, year-on-year increases were also recorded in all selected industry sections in the first quarter of 2025, ranging from 0.4% to 2.3%.
     
    The year-on-year changes in the nominal and real indices of payroll per person engaged for selected industry sections from the first quarter of 2024 to the first quarter of 2025 are shown in Table 2. The quarterly changes in the seasonally adjusted nominal and real indices of payroll per person engaged in the same period are shown in Table 3.
     
    Commentary
     
    A Government spokesman said that wages and labour earnings continued to increase in all surveyed industries in the first quarter of 2025 over a year earlier.
     
    The average wage rate for all selected industries increased by 3.5% in nominal terms in March 2025. After discounting for inflation, the average wage rate increased by 1.6% in real terms.
     
    Payroll per person engaged, which includes basic wage, discretionary bonuses and other irregular payments, rose by 3.2% in nominal terms and 1.6% in real terms in the first quarter of 2025.
     
    Looking ahead, the expansion of the Hong Kong economy should render support to labour demand and thus wages and labour earnings, though the external uncertainties and the changing consumption patterns of residents and visitors may continue to pose challenges.
     
    Other information
     
    Both wage indices and payroll indices are compiled quarterly based on the results of the Labour Earnings Survey (LES) conducted by C&SD. Wage index only covers employees up to the supervisory level (i.e. not including managerial and professional employees), whereas payroll index covers employees at all levels and proprietors actively engaged in the work of the establishment.
     
    Apart from the differences in employee coverage, wage statistics are conceptually different from the payroll statistics. Firstly, wage rate for an employee refers to the sum earned for his normal hours of work. It covers basic wages and other regular and guaranteed allowances and bonuses, but excludes earnings from overtime work and discretionary bonuses, which are however included in payroll per person engaged. Secondly, the payroll index of an industry is an indicator of the simple average payroll received per person engaged in the industry. Its movement is therefore affected by changes in wage rates, number of hours of work and occupational composition in the industry. In contrast, the wage index of an industry is devised to reflect the pure changes in wage rate, with the occupational composition between two successive statistical periods being kept unchanged. In other words, the wage index reflects the change in the price of labour. Because of these conceptual and enumeration differences between payroll and wage statistics, the movements in payroll indices and in wage indices do not necessarily match closely with each other.
     
    It should also be noted that different consumer price indices are used for compiling the real indices of wage and payroll to take into account the differences in their respective occupation coverage. Specifically, the Composite Consumer Price Index, being an indicator of overall consumer prices, is taken as the price deflator for payroll of workers at all levels of the occupational hierarchy. The Consumer Price Index (A), being an indicator of consumer prices for the relatively low expenditure group, is taken as the price deflator for wages in respect of employees engaged in occupations up to the supervisory level.
     
    Detailed breakdowns of the payroll and wage statistics are published in the “Quarterly Report of Wage and Payroll Statistics, March 2025”. Users can browse and download the publication at the website of C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1050009&scode=210 
       For enquiries on wage and payroll statistics, please contact the Wages and Labour Costs Statistics Section (1) of C&SD (Tel: 2887 5550 or email:     wage@censtatd.gov.hkIssued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: DH further optimises online registration system for dental general public session

    Source: Hong Kong Government special administrative region

    DH further optimises online registration system for dental general public session 
    (1) Add “iAM Smart” and “eHealth” as channels for registering for GP sessions
     
         Members of the public who wish to register for dental GP sessions may perform real-time identity authentication by logging on to the “iAM Smart” or “eHealth” apps. Their personal particulars (including name, identity document number, gender and date of birth) will be automatically filled into the registration system, reducing registration time and minimising the possibility of manual errors.
     
    (2) Optimise the waiting list mechanism
     
         The registration system is added with a “Cancel Appointment” function. People who are successfully allocated a service quota but wish to cancel the appointment may use the “Enquiry of Ballot Result or Cancel Appointment” function to select “Cancel Appointment” and confirm. The ORDGP will automatically allocate the vacated quota to candidates on the waiting list. Successful waitlisted applicants will receive an SMS notification by 9pm on the day of registration. For easy authentication, SMS messages issued by the DH bear the identification “#DH-DENT GP” with the prefix “#”. Relevant SMS messages will not contain hyperlinks.
     
    (3) Enhance the enquiry function of the ballot results
     
         Those who registered via the website only need to provide their Hong Kong identity card (ID) number and date of birth to enquire about their registration records or ballot results. They do not need to enter the date of issuance of their ID cards. Those accessing the registration system through the “iAM Smart” or “eHealth” apps do not need to re-enter their personal details to enquire about their registration records or ballot results.
     
    (4) Add the enquiry service of successful appointment record in “eHealth”
     
         Members of the public who registered for the dental GP sessions and are successfully allocated service quotas through the “iAM Smart” or “eHealth” apps, the person, along with their family members or carers registered with “eHealth”, can check their relevant appointment records of service quota through the “eHealth” app.

         The ORDGP has been operating smoothly since its launch on December 30, 2024. Members of the public, especially the elderly, no longer need to go to dental clinics to queue in the early morning to compete for a service quota. Since the launch of the ORDGP, the average utilisation rate of the GP sessions is as high as 99 per cent. To optimise the use of public resources, the DH reminds members of the public who have been successfully allocated service quotas to utilise the new “Cancel Appointment” function if they are unable to attend the dental GP sessions, so that the service quotas could be reallocated in time to those with emergency needs.

         The scope of services provided by the dental GP sessions includes prescription for pain relief, tooth extraction and management of other urgent conditions (such as oral abscesses). The DH will continuously review the operation and effectiveness of the enhanced ORDGP, with a commitment to improving service accessibility for the public.
    Issued at HKT 13:00

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: FSTB welcomes Shanghai Gold Exchange’s launch of International Board certified vault in Hong Kong

    Source: Hong Kong Government special administrative region

    FSTB welcomes Shanghai Gold Exchange’s launch of International Board certified vault in Hong Kong???
         The Secretary for Financial Services and the Treasury, Mr Christopher Hui, said, “The SGE’s decision to establish its first International Board certified vault in Hong Kong offers international investors an option for delivering gold offshore. This marks a key stride in the internationalisation of our country’s gold market, extending the global footprint of RMB-denominated gold trading, and further strengthening Hong Kong’s role in the regional market. The Government is pushing ahead with the development of an international gold trading centre in Hong Kong to tap into new growth areas for financial services as well as to consolidate and enhance Hong Kong’s status as an international financial centre. As such, I have engaged with various stakeholders from overseas and the Mainland during my recent duty visits to gather their views on this initiative. The SGE’s establishment of a certified vault in Hong Kong will, on one hand, attract more international investors to participate in the SGE’s trading and, at the same time, increase gold storage in Hong Kong, thus driving the development of related services. This will undoubtedly give impetus to our development of an international gold trading centre.”

    He added, “Hong Kong has the unique advantages under the ‘one country, two systems’ principle and is able to provide comprehensive financial, logistics, and shipping services. Coupled with a deep offshore Renminbi liquidity pool, international institutional investors will enjoy facilitation in their participation in gold trading with delivery in Hong Kong. Last week, the Hong Kong Special Administrative Region Government and the Shanghai Municipal Government signed the Action Plan for Collaborative Development of Shanghai and Hong Kong International Financial Centres. This case stands as a successful example of Shanghai-Hong Kong collaborative development. I look forward to the further deepening of co-operation, expansion of mutual market access between the two markets, and scaling up of two-way participation between Hong Kong and Shanghai by complementing the advantages of the two leading international financial centres under the ‘one country, two systems’ framework.”Issued at HKT 17:34

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Reformed hiring policy for LCSD performance venues and invitation for participation in sixth round of Venue Partnership Scheme announced

    Source: Hong Kong Government special administrative region

         The Leisure and Cultural Services Department (LCSD) today (June 26) announced a reformed hiring policy and measures for its performance venues, aiming to provide more performance slots for use by different arts groups and establish clearer venue identities, thereby fostering a diversified, professional, industry and mega-event development of performing arts. 

         The reformed measures include the following:    
         The sixth round of the VPS will be implemented at 11 performance venues, namely the Hong Kong Cultural Centre, Hong Kong City Hall, Yau Ma Tei Theatre, Ngau Chi Wan Civic Centre, Sai Wan Ho Civic Centre, Sheung Wan Civic Centre, Sha Tin Town Hall (Cultural Activities Hall), North District Town Hall, Kwai Tsing Theatre, Tsuen Wan Town Hall and Tuen Mun Town Hall. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Mainland-listed software provider establishes international headquarters in Hong Kong to “go global” (with photo)

    Source: Hong Kong Government special administrative region

    Mainland-listed software provider establishes international headquarters in Hong Kong to “go global” (with photo)
         Associate Director-General of Investment Promotion Mr Charles Ng welcomed the decision of Information2 Software to set up its international headquarters in Hong Kong. He said, “As an international business and financial hub, Hong Kong attracts multinational corporations and small and medium-sized enterprises to set up their presence in the city. They have a strong demand for reliable, stable, and secure disaster recovery backup systems to prevent data breaches and cyber attacks, providing huge business opportunities for software providers like Information2 Software. Hong Kong is the perfect base for their internationalisation.”

         The Chairman and Chief Executive Officer of Information2 Software, Mr Justin Hu, said, “The Hong Kong office not only provides better services to customers in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area, but also deepens our co-operation with local partners to provide more local market-oriented support. The city is also our starting point to expand into the Southeast Asian and global markets. We can leverage its international legal framework and financial services system to facilitate our ‘going global’ strategy.”

         Mr Hu added, “Hong Kong has an open, efficient, and internationalised market, making it our first stop to expand globally. We hope to leverage the city’s unique advantages to establish an international platform for our operations. We position Hong Kong as the headquarters for our overseas business, with future plans to develop it into an international market and a research and development base for international talent, further building a comprehensive marketing and service system, and making it a key foundation in our global strategic plans.”

         Listed on the Shanghai Stock Exchange’s Science and Technology Innovation Board (STAR Market) in January 2023, Information2 Software is a leading provider of data backup and disaster recovery on the Mainland. The company has established over 30 outlets on the Mainland. Mr Hu said, “In recent years, we have been continuously advancing our global layout. With its highly open business environment, sound legal system, mature financial system, and multilingual, diversified talent pool, Hong Kong is our ideal platform to further serve international customers and expand overseas markets.”

         For more information about Information2 Software, please visit www.info2soft.com    
         To get a copy of the photo, please visit     www.flickr.com/photos/investhk/albums/72177720327086216Issued at HKT 16:45

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Arrangements for LCSD’s Mobile Library services

    Source: Hong Kong Government special administrative region

    Arrangements for LCSD’s Mobile Library services

    Mobile Libraries 4, 8 and 11 will suspend services during designated periods in July for maintenance, while a Mobile Library 4 service point in Tung Chung will also be relocated in July, a spokesman for the Leisure and Cultural Services Department announced today (June 26).

    Mobile Library 4 will suspend services from July 2 to 8. The affected service points are Yat Tung Estate in Tung Chung, Discovery Bay, Pui O, Shui Hau and Tong Fuk. Starting from July 9, the service point at Yat Tung Estate in Tung Chung will be relocated to the area adjacent to Chi Yat House from Ying Yat House. The opening hours of the service point will remain unchanged, i.e. from 10am to 1pm, and 2pm to 6pm every Monday and Wednesday (except library closing days and public holidays). For enquiries about Mobile Library 4 services, please call 2984 9417.

    Mobile Library 8 will suspend services from July 7 to 19. The affected service points are Laguna City in Lam Tin, On Tai Estate in Kwun Tong, Po Tat Estate in Sau Mau Ping, Tai Hang Tung Estate on Tai Hang Tung Road, Laguna Verde in Hung Hom, Choi Fook Estate in Kowloon Bay and Yau Lai Estate in Yau Tong. For enquiries about Mobile Library 8 services, please call 2926 3055.

    Mobile Library 11 will suspend services from July 9 to 22. The affected service points are Sun Chui Estate and Kwong Yuen Estate in Sha Tin; Kwai Shing West Estate, Kwai Shing East Estate and Lai Yiu Estate in Kwai Chung; Easeful Court and Cheung Ching Estate in Tsing Yi; Tin Wah Estate in Tin Shui Wai; Wan Tau Tong Estate and Tai Yuen Estate in Tai Po; and Po Tin Estate in Tuen Mun. For enquiries about Mobile Library 11 services, please call 2479 1055.

    Readers are welcome to use other public libraries during the service suspension periods. They may also renew library materials by telephoning 2698 0002 or 2827 2833, or via www.hkpl.gov.hk.

    Ends/Thursday, June 26, 2025
    Issued at HKT 15:00

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hospital Authority announces senior appointment

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Hospital Authority:

    The Hospital Authority (HA) spokesperson announced the following senior appointment today (June 26):

    Dr Cheng Koi-man will be appointed as Hospital Chief Executive of Kwai Chung Hospital with effect from July 1, succeeding Dr Desmond Nguyen upon his retirement.

    Dr Cheng is a specialist in psychiatry with solid experience in both clinical service and hospital management. Dr Cheng is the Chief of Service and a consultant in the Department of General Adult Psychiatry of Castle Peak Hospital (CPH). He has dedicated himself to psychiatry since graduation, and has taken up the role of Deputy Service Director (Quality & Safety) for New Territories West Cluster from 2017 to 2024. As the chairman of various committees, working groups and task groups under the Coordinating Committee in Psychiatry, Dr Cheng contributed to a wide range of aspects related to psychiatry from talent acquisition, standardisation of patient care pathways, and resources utilisation. He led the development of the enhanced common mental disorder clinics, spearheaded the revision of the psychiatric specialist outpatient clinic defaulter tracing workflow, and established a three-tier psychiatric day hospital service model to enhance patient care, in addition to facilitated ward conversions to meet evolving demands. He also led the implementation of telehealth services.

    The Chairman of the HA, Mr Henry Fan, and the Chief Executive of the HA, Dr Tony Ko, congratulate Dr Cheng on his new appointment and wish him every success in taking up the new role. Mr Fan and Dr Ko also expressed their appreciation to Dr Nguyen for his dedicated service over the years and wish him a happy retirement.

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Three people charged in connection with Hounslow murder

    Source: United Kingdom London Metropolitan Police

    Detectives investigating the murder of a man in Hounslow have charged three people in connection with his death.

    [A] Kaywan Warzier Karim, 27 (23.08.97), of Walnut Tree Road, Hounslow, was charged with murder and possession of an offensive weapon on Wednesday, 25 June.

    [B] Tania Hamza, 33 (05.01.92), of Kingsley Road, Hounslow, was charged on Thursday, 26 June with violent disorder and assisting an offender.

    [C] Aziz Hama, 31 (07.11.93), of Selbourne Ave, Hounslow was charged on Thursday, 26 June with assisting an offender.

    All three will appear in custody at Wimbledon Magistrates’ Court on Thursday, 26 June.

    On Thursday, 26 June, police arrested a 35-year-old man [D] on suspicion of murder. He remains in police custody.

    Police were called at 14:21hrs on Sunday, 22 June to reports of a stabbing in Hanworth Road, Hounslow, near the junction with School Road.

    Officers attended with the London Ambulance Service and treated a 22-year-old man for stab wounds.

    The victim, Dara Omar from Brentford, was taken to hospital but sadly died sometime later.

    His next-of-kin continue to be supported by specialist officers.

    Anyone who can assist the investigation team is asked to call 101 quoting 4387/22Jun or contact the independent charity Crimestoppers on 0800 555 111 or visit crimestoppers-uk.org to remain anonymous.

    MIL Security OSI –

  • MIL-OSI: Altcoin Season Officially Begins With Bitcoin Solaris: The Bitcoin Alternative Creating a New Wealthy Class

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 26, 2025 (GLOBE NEWSWIRE) — crypto world has seen its fair share of trends, seasons, and tokens that promised to change the financial landscape. But this time, something feels different. Investors are not just chasing hype. They’re analyzing architecture, technology, and long-term sustainability. As altcoin season kicks off again, one name is echoing louder across communities, forums, and influencer breakdowns: Bitcoin Solaris. It is not a meme coin. It’s not a pump-and-dump. It is the foundation of what could be crypto’s next generational wealth movement.

    Engineered for the Future: Bitcoin Solaris as a Scalable Financial Platform

    Bitcoin Solaris is designed from the ground up to meet the demands of today’s digital economy. Built for speed, efficiency, and accessibility, it aims to power a new era of decentralized finance and utility-driven crypto engagement.

    With native support for smart contracts, seamless scalability, and an energy-efficient framework, Bitcoin Solaris empowers everyday users and seasoned investors alike. Whether through mining, staking, or application deployment, the platform delivers real-world usability that aligns with long-term adoption goals.

    By focusing on innovation, inclusion, and sustainability, Bitcoin Solaris opens a new economic path for those seeking reliable blockchain infrastructure and meaningful participation in the crypto economy.

    Why Bitcoin Solaris Is Leading This Altcoin Season

    Bitcoin Solaris (BTC-S) isn’t climbing the charts by chance. It is engineered for performance, adoption, and wealth distribution. The upcoming Solaris Nova App is a breakthrough move, letting anyone mine from their mobile phone or laptop without needing expensive gear or deep technical knowledge. This isn’t theoretical. Through the exciting release of the app, Bitcoin Solaris is shifting the mining landscape into something accessible and instantly rewarding.

    But accessibility is just the beginning. Behind BTC-S lies a double-layered engine:

    • The Base Layer uses Proof of Work (PoW) combined with Proof of Contribution (PoC) to ensure rock-solid decentralization.
    • The Application Layer utilizes Proof of History (PoH) and Proof of Time (PoT), allowing 10,000 transactions per second with a finality speed of just 2 seconds.

    This dual-consensus approach gives Bitcoin Solaris unmatched versatility and scalability.

    • Network processes 10,000+ TPS with near-instant settlement.
    • Smart contracts are programmable across multiple use cases, including DeFi, gaming, and payments.
    • Energy efficiency is enhanced by design, reducing unnecessary consumption.
    • Validator rotation ensures fairness and network resilience.

    All of this is powered by a limited 21 million token supply, echoing Bitcoin’s iconic scarcity principle while improving every other layer of functionality.

    Mining as a Path to Wealth

    Mining Bitcoin Solaris doesn’t require a warehouse of GPUs or sky-high electricity bills. Thanks to its design, mining is directly tied to holding BTC-S, which reduces sell pressure and strengthens the network. This circular model means that the more engaged the community, the more sustainable the system.

    Anyone can estimate their potential profits using the Bitcoin Solaris mining calculator, which gives real-time insights based on token holdings and participation.

    This user-centric mining approach has already gained massive interest. Influencer breakdowns, like the detailed review from Crypto Show, highlight how BTC-S bridges the gap between decentralization, accessibility, and profitability.

    The Explosive Rise of the Presale

    The current phase of the Bitcoin Solaris presale is causing serious waves. With the price now at $9 and less than 6 weeks left before the launch at $20, urgency is in the air. Over 12,300 users have already joined the movement. It’s not just one of the most talked-about presales in 2025. It is shaping up to be one of the most explosive in crypto history.

    Newcomers entering now can still lock in an 7 percent bonus. Early-stage buyers have already seen remarkable growth. The momentum keeps building as funds raised surpass $5 million, and the Bitcoin Solaris presale continues attracting the kind of FOMO most projects only dream of. You can learn more and join the growing ecosystem via the official Bitcoin Solaris website.

    The Referral Program: A Wealth Accelerator

    Bitcoin Solaris has also structured one of the smartest community-driven campaigns through its referral system. Referrers earn a 5 percent BTC-S bonus on every purchase through their link, while the invited participants also receive a 5 percent bonus on their purchase. It’s a double-reward design that encourages growth and inclusivity.

    Add to that the daily mini games introduced by bitcoin solaris for holders to earn free prizes on a daily basis, the earning potential is just limitless.

    Long-Term Strength: Audits, Ecosystem, and Stability

    Bitcoin Solaris is not flying under the radar. The platform has passed full security audits by both Cyberscope and Freshcoins, which adds confidence in its code and operations. Meanwhile, its Telegram and X channels keep users connected and informed, giving BTC-S the transparency needed for long-term engagement.

    Another reason this project is becoming a pillar of altcoin season is how carefully it was structured post-launch. Its price stability model includes:

    • A mining-first token distribution, with over 66 percent of tokens reserved for long-term contributors.
    • A fixed 21 million supply that mimics Bitcoin while rewarding network participants.
    • Controlled exchange listings to prevent fragmentation and maintain liquidity.

    All these aspects contribute to one thing: Bitcoin Solaris isn’t trying to be the next meme. It is focused on building the next financial infrastructure layer.

    Final Verdict

    Bitcoin Solaris is positioned at the intersection of accessibility, innovation, and community. As the altcoin season unfolds, its presale success, user-focused mining app, and strong technical foundation are making it one of the most compelling opportunities of 2025.

    Whether you’re new to crypto or a seasoned investor, Bitcoin Solaris offers a gateway to the next era of decentralized wealth-building.

    Learn More and Join the Movement
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c59a561a-ef05-40c3-893e-24adcf9e9cca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85b0aa6d-27cc-4fc3-bc04-0a61402742a8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5cbe5ba3-bf57-4692-8426-2eb8dba166da

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd4a2bf0-23e7-40fb-8b8d-da80618ea174

    The MIL Network –

  • MIL-OSI: Altcoin Season Officially Begins With Bitcoin Solaris: The Bitcoin Alternative Creating a New Wealthy Class

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, June 26, 2025 (GLOBE NEWSWIRE) — crypto world has seen its fair share of trends, seasons, and tokens that promised to change the financial landscape. But this time, something feels different. Investors are not just chasing hype. They’re analyzing architecture, technology, and long-term sustainability. As altcoin season kicks off again, one name is echoing louder across communities, forums, and influencer breakdowns: Bitcoin Solaris. It is not a meme coin. It’s not a pump-and-dump. It is the foundation of what could be crypto’s next generational wealth movement.

    Engineered for the Future: Bitcoin Solaris as a Scalable Financial Platform

    Bitcoin Solaris is designed from the ground up to meet the demands of today’s digital economy. Built for speed, efficiency, and accessibility, it aims to power a new era of decentralized finance and utility-driven crypto engagement.

    With native support for smart contracts, seamless scalability, and an energy-efficient framework, Bitcoin Solaris empowers everyday users and seasoned investors alike. Whether through mining, staking, or application deployment, the platform delivers real-world usability that aligns with long-term adoption goals.

    By focusing on innovation, inclusion, and sustainability, Bitcoin Solaris opens a new economic path for those seeking reliable blockchain infrastructure and meaningful participation in the crypto economy.

    Why Bitcoin Solaris Is Leading This Altcoin Season

    Bitcoin Solaris (BTC-S) isn’t climbing the charts by chance. It is engineered for performance, adoption, and wealth distribution. The upcoming Solaris Nova App is a breakthrough move, letting anyone mine from their mobile phone or laptop without needing expensive gear or deep technical knowledge. This isn’t theoretical. Through the exciting release of the app, Bitcoin Solaris is shifting the mining landscape into something accessible and instantly rewarding.

    But accessibility is just the beginning. Behind BTC-S lies a double-layered engine:

    • The Base Layer uses Proof of Work (PoW) combined with Proof of Contribution (PoC) to ensure rock-solid decentralization.
    • The Application Layer utilizes Proof of History (PoH) and Proof of Time (PoT), allowing 10,000 transactions per second with a finality speed of just 2 seconds.

    This dual-consensus approach gives Bitcoin Solaris unmatched versatility and scalability.

    • Network processes 10,000+ TPS with near-instant settlement.
    • Smart contracts are programmable across multiple use cases, including DeFi, gaming, and payments.
    • Energy efficiency is enhanced by design, reducing unnecessary consumption.
    • Validator rotation ensures fairness and network resilience.

    All of this is powered by a limited 21 million token supply, echoing Bitcoin’s iconic scarcity principle while improving every other layer of functionality.

    Mining as a Path to Wealth

    Mining Bitcoin Solaris doesn’t require a warehouse of GPUs or sky-high electricity bills. Thanks to its design, mining is directly tied to holding BTC-S, which reduces sell pressure and strengthens the network. This circular model means that the more engaged the community, the more sustainable the system.

    Anyone can estimate their potential profits using the Bitcoin Solaris mining calculator, which gives real-time insights based on token holdings and participation.

    This user-centric mining approach has already gained massive interest. Influencer breakdowns, like the detailed review from Crypto Show, highlight how BTC-S bridges the gap between decentralization, accessibility, and profitability.

    The Explosive Rise of the Presale

    The current phase of the Bitcoin Solaris presale is causing serious waves. With the price now at $9 and less than 6 weeks left before the launch at $20, urgency is in the air. Over 12,300 users have already joined the movement. It’s not just one of the most talked-about presales in 2025. It is shaping up to be one of the most explosive in crypto history.

    Newcomers entering now can still lock in an 7 percent bonus. Early-stage buyers have already seen remarkable growth. The momentum keeps building as funds raised surpass $5 million, and the Bitcoin Solaris presale continues attracting the kind of FOMO most projects only dream of. You can learn more and join the growing ecosystem via the official Bitcoin Solaris website.

    The Referral Program: A Wealth Accelerator

    Bitcoin Solaris has also structured one of the smartest community-driven campaigns through its referral system. Referrers earn a 5 percent BTC-S bonus on every purchase through their link, while the invited participants also receive a 5 percent bonus on their purchase. It’s a double-reward design that encourages growth and inclusivity.

    Add to that the daily mini games introduced by bitcoin solaris for holders to earn free prizes on a daily basis, the earning potential is just limitless.

    Long-Term Strength: Audits, Ecosystem, and Stability

    Bitcoin Solaris is not flying under the radar. The platform has passed full security audits by both Cyberscope and Freshcoins, which adds confidence in its code and operations. Meanwhile, its Telegram and X channels keep users connected and informed, giving BTC-S the transparency needed for long-term engagement.

    Another reason this project is becoming a pillar of altcoin season is how carefully it was structured post-launch. Its price stability model includes:

    • A mining-first token distribution, with over 66 percent of tokens reserved for long-term contributors.
    • A fixed 21 million supply that mimics Bitcoin while rewarding network participants.
    • Controlled exchange listings to prevent fragmentation and maintain liquidity.

    All these aspects contribute to one thing: Bitcoin Solaris isn’t trying to be the next meme. It is focused on building the next financial infrastructure layer.

    Final Verdict

    Bitcoin Solaris is positioned at the intersection of accessibility, innovation, and community. As the altcoin season unfolds, its presale success, user-focused mining app, and strong technical foundation are making it one of the most compelling opportunities of 2025.

    Whether you’re new to crypto or a seasoned investor, Bitcoin Solaris offers a gateway to the next era of decentralized wealth-building.

    Learn More and Join the Movement
    Website: https://www.bitcoinsolaris.com/
     Telegram: https://t.me/Bitcoinsolaris
     X: https://x.com/BitcoinSolaris

    Media Contact:
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available upon request

    Disclaimer: This content is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c59a561a-ef05-40c3-893e-24adcf9e9cca

    https://www.globenewswire.com/NewsRoom/AttachmentNg/85b0aa6d-27cc-4fc3-bc04-0a61402742a8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/5cbe5ba3-bf57-4692-8426-2eb8dba166da

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dd4a2bf0-23e7-40fb-8b8d-da80618ea174

    The MIL Network –

  • MIL-OSI Africa: Democratic Republic of Congo’s (DRC) Minister of Hydraulic Resources, Electricity Joins African Mining Week


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    Teddy Lwamba, Minister of Hydraulic Resources and Electricity of the Democratic Republic of Congo (DRC), has confirmed his participation as a speaker at African Mining Week (AMW), taking place from October 1–3, 2025, in Cape Town under the theme, From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth.

    Minister Lwamba will join the panel, Powering Africa’s Mining Operations with Renewables, highlighting the DRC’s efforts to integrate renewable energy and modern infrastructure into its mining value chain.

    AMW serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    The event provides a strategic platform for Minister Lwamba to emphasize growing collaboration between the mining and power sectors, aimed at unlocking the DRC’s estimated $24 trillion in untapped mineral wealth. The DRC is currently the world’s leading cobalt producer, accounting for over 70% of global supply, and Africa’s largest copper producer.

    In June 2025, the DRC began construction of the 64 MW Katende Hydroelectric Power Plant (http://apo-opa.co/3FY1EQV), set to power key mining areas including Kananga, Bunkonde, Tshimbulu and Mbuji-Mayi. In partnership with the African Development Bank’s Mission 300 energy access initiative, the DRC aims to triple GDP by expanding electricity access for residential, industrial, and mining users. Through the $340 million Moyi Power Metro-Grids project (http://apo-opa.co/4ehPCOS), the government will also deliver reliable electricity to over one million people and businesses in Bumba, Isiro and Gemena.

    Further advancing the country’s energy ecosystem, a $634 million government-backed program (http://apo-opa.co/4eFqxhf) – supported by the World Bank and Green Climate Fund – was launched in March 2025 to expand generation capacity and rehabilitate transmission networks across 14 towns.

    Under Minister Lwamba’s leadership, the Ministry has also fostered an enabling environment for private investment. Canadian mining firm Ivanhoe Mines (http://apo-opa.co/4erkLQa) has committed $200 million to stabilize the southern DRC grid, while mining firms including CMOC and ERG are investing in dedicated on-site generation and transmission infrastructure.

    AMW 2025 presents a timely opportunity for Minister Lwamba to engage with key energy and mining stakeholders and forge new partnerships to scale up infrastructure and drive sectoral growth. His participation also reinforces the DRC’s commitment to sustainable resource development and regional energy cooperation.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Africa: Ghana: The 2024 Consolidated MDAS Annual Budget Performance Report


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    The years prior to 2024 proved to be very difficult globally. In Ghana, we saw the most ignoble deterioration of the economy and broader societal well-being. Inflation galloped, exchange rate depreciated sharply and remained volatile. Interest rates rose and credit became simply unaffordable. Ghana, therefore had no option but to seek support from the IMF through the Extended Credit Facility (ECF) programme on the heels of an expansive domestic and external debt restructuring which had severe consequences.

    In that context, the year 2024, being an election year, was uniquely significant. The Government set for itself macro-economic targets focused on re-anchoring fiscal and debt sustainability. The promise was to course-correct the misalignment in key indicators to support the economy.

    Despite the progress made under the IMF programme, the macroeconomic environment remained fragile. The economy remained fragile, with 2024 recording significant fiscal slippages. The Primary deficit worsened, and the year ended with accumulation of huge central government arrears amounting to GH¢67.5 billion representing 5.7 percent of GDP.

    The lessons from this challenging national economic experience are there for everyone: fiscal slippages are costly and far-reaching. These experiences validate the prudence in requiring the preparation of the Annual Budget Performance Report (BPR) as part of the Public Financial Management Act, 2016 (Act 921), as amended. Beyond meeting the requirements of the PFM Act, the BPR enables us to assess the performance and impact of our policy choices and take corrective measures where necessary. Furthermore, in accordance with the provisions of Section 27 of the PFM Act, stakeholders will receive updates on the actions taken to implement the recommendations of Parliament in respect of the report of the Auditor-General as well as updates on multi-year expenditure undertaken in 2024.

    I must state that the key lessons from this BPR will guide our choices in the post-2024 era as we work to reset economy towards the Ghana we want. We must, and we will, build a new culture that promotes and sustains fiscal discipline.

    As is always the case, this BPR is the product of cross-sectoral collaborations. The Ministry of Finance is thankful to the Ministries, Departments and Agencies who provided critical inputs and validated information. The efforts of the staff of this Ministry, who have coordinated the preparation of this BPR, are also acknowledged. Your sense of professionalism and commitment to the national cause is indeed endearing. As a Ministry, we will stand ready to provide clarification and respond to any related queries through the established channels, including the Right to Information Platform.

    A new era is upon us. We have a great opportunity to rewrite our most recent economic history in a positive light. Let us join forces and work together to build the Ghana we want. It is our promise and duty to do so.

    Distributed by APO Group on behalf of Ministry of Finance – Republic of Ghana.

    MIL OSI Africa –

  • MIL-OSI Africa: Xi Jinping Exchanges Congratulatory Messages with Mozambican President Daniel Francisco Chapo on the 50th Anniversary of the Establishment of China-Mozambique Diplomatic Relations


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    On June 25, 2025, President Xi Jinping exchanged congratulatory messages with Mozambican President Daniel Francisco Chapo to celebrate the 50th anniversary of the establishment of China-Mozambique diplomatic relations.

    Xi Jinping noted that over the past 50 years since the establishment of diplomatic relations, regardless of changes in the international landscape, China and Mozambique have trusted and supported each other, and the friendship between the two countries remains rock-solid. Xi Jinping expressed his firm belief that bilateral relations will surely usher in a brighter future as long as both sides uphold the original aspiration of establishing diplomatic relations and move forward hand in hand. Xi Jinping said he attaches great importance to the development of China-Mozambique relations and is ready to work with Mr. President Daniel Francisco Chapo to take the 50th anniversary of the establishment of diplomatic relations as a new starting point to carry forward traditional friendship, deepen mutually beneficial cooperation within the frameworks of high-quality Belt and Road cooperation and the Forum on China-Africa Cooperation, and jointly write a new chapter in the comprehensive strategic cooperative partnership between China and Mozambique.

    Daniel Francisco Chapo stated that the 50th anniversary of the establishment of diplomatic relations between the two countries coincides with the 50th anniversary of Mozambique’s independence, which highlights the traditional friendship and brotherhood between the two nations. He expressed gratitude for China’s unconditional support in Mozambique’s struggle for independence. Mozambique will continue to abide by the one-China principle, support all efforts made by the Chinese government to achieve national reunification, and back the major initiatives proposed by China. Mozambique is willing to continuously deepen bilateral relations with China on the basis of mutual respect, mutual benefit and win-win outcomes, expand practical cooperation, jointly defend multilateralism, and promote world peace, security and prosperity.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of the People’s Republic of China.

    MIL OSI Africa –

  • MIL-OSI Video: Budapest Pride 2025: EU calls on the Hungarian authorities to allow the parade to go ahead

    Source: European Commission (video statements)

    We call on the Hungarian authorities to allow the Budapest Pride to go ahead.

    Without fear of any criminal or administrative sanctions against the organisers or participants.
    Our union is one of equality and non-discrimination.

    https://www.youtube.com/shorts/7JnF0izWmaQ

    MIL OSI Video –

  • MIL-OSI Europe: Written question – Commission President’s call with Israeli Prime Minister – E-002414/2025

    Source: European Parliament

    Question for written answer  E-002414/2025
    to the Commission
    Rule 144
    Kathleen Funchion (The Left), Lynn Boylan (The Left)

    Commission President Ursula von der Leyen posted on social media on 15 June 2025 that she had spoken with Israeli Prime Minister Benjamin Netanyahu by telephone.

    • 1.During the course of this conversation, did the Commission reference the warrant for the arrest of the Israeli Prime Minister, issued by the International Criminal Court?
    • 2.Does the Commission believe that the Israeli Prime Minister should present himself to the International Criminal Court to face charges?
    • 3.Is it the Commission’s view and advice that, if an individual, subject to an outstanding arrest warrant issued by the International Criminal Court, enters the territory of any EU Member State, that Member State should take the person into custody?

    Submitted: 16.6.2025

    Last updated: 26 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Regenerative agriculture – E-002446/2025

    Source: European Parliament

    Question for written answer  E-002446/2025
    to the Commission
    Rule 144
    Ioan-Rareş Bogdan (PPE)

    The transition to more sustainable agricultural practices that contribute to climate mitigation, adaptation and the restoration of ecosystems is a challenging process.

    In this context, regenerative agriculture, with its focus on soil health, carbon sequestration, water retention and biodiversity enhancement, is increasingly recognised as a promising approach to address these interconnected challenges.

    Despite its potential benefits, regenerative agriculture is not yet defined within EU policies. Farmers willing to adopt such practices often face barriers, including limited financial incentives, technical support and market recognition.

    • 1.How does the Commission intend to support and integrate regenerative agriculture in order to ensure consistency between policy design, funding and monitoring at EU level?
    • 2.What measures will the Commission take to promote research, innovation and knowledge transfer on regenerative farming systems and to ensure that small and medium-sized farms can benefit from these advances?
    • 3.Does the Commission plan to strengthen financial and technical support for farmers who adopt regenerative agricultural practices?

    Submitted: 18.6.2025

    Last updated: 26 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Commission guidance on the compensation models for electricity demand response through aggregation – E-002465/2025

    Source: European Parliament

    Question for written answer  E-002465/2025
    to the Commission
    Rule 144
    Bruno Tobback (S&D)

    The Commission has announced that a white paper on electricity market integration will be published in late 2025. It will address governance issues while also exploring flexibility compensation.

    With regard to electricity demand response through aggregation, European legislation[1] establishes that countries ‘may require electricity undertakings or participating final customers to pay financial compensation to other market participants or to the market participants’ balance responsible parties, if those market participants or balance responsible parties are directly affected by demand response activation’. At the same time, this financial compensation must not create a barrier to market entry for market participants who are engaged in aggregation, nor a barrier to flexibility. However, when this is read in conjunction with the proposed Article 55A of the Electricity Balancing Regulation[2], within the newly proposed draft network code on demand response, it is unclear which model should be used to ensure correct compensation. This has raised issues in countries such as France, where direct compensation models have created barriers to market access.

    Will the Commission publish guidance on compensation models so that countries can fulfil their obligations under Article 17(4) of Directive (EU) 2019/944?

    Submitted: 18.6.2025

    • [1] Article 17(4) of Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU (OJ L 158, 14.6.2019, p. 125, ELI: http://data.europa.eu/eli/dir/2019/944/oj).
    • [2] Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing (OJ L 312, 28.11.2017, p. 6, ELI: http://data.europa.eu/eli/reg/2017/2195/oj).
    Last updated: 26 June 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB provides €107.5 million to back security and defence in Italy

    Source: European Investment Bank

    ©Don Jackson/ Unsplash

    • The EIB financing will contribute to the purchase of helicopters for the Italian army.
    • This is the third agreement between the EIB, the Italian Ministry of Economy and Finance and the Italian Ministry of Defence.

    The European Investment Bank (EIB) has signed a new strategic agreement with the Ministry of Economy and Finance and the Ministry of Defence, with the goal of further strengthening Italy’s security and defence capabilities.

    The operation is part of the EIB’s broader commitment to European security and defence. It recently expanded its eligibility criteria to backing military projects, in line with EU priorities.

    The loan will be disbursed to the Ministry of Economy and Finance, which will then channel the EIB resources to the Ministry of Defence. The favourable conditions offered by the EIB on international markets mean that the loan will enable the Italian government to make substantial interest savings over the 20-year term.

    This is the third agreement of its kind between the EIB, the Ministry of Economy and Finance and the Ministry of Defence In 2022, the EIB provided €240 million to finance the purchase of 16 light helicopters for the Italian Carabinieri and upgrades to the national air traffic control system, while in 2020, it provided €220 million to build three hydro-oceanographic vessels.

    “This agreement shows the EIB’s growing commitment to supporting European security and defence, and is the result of ongoing fruitful dialogue with the Italian government to promote strategic investments strengthening the competitiveness and security of Italy,” said EIB Vice-President Gelsomina Vigliotti. “We will continue to work side by side with our partners to safeguard the strategic autonomy of the European Union.”

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight key priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. The EIB Group, which also includes the European Investment Fund (EIF), signed over 900 projects worth nearly €89 billion in 2024, boosting Europe’s competitiveness and security. The EIB Group signed 99 operations totalling €10.98 billion in Italy in 2024, helping to unlock almost €37 billion of investment in the real economy. All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment. Fostering market integration and mobilising investment, the funds made available by the Group unlocked over €100 billion in new investment for Europe’s energy security in 2024 and mobilised a further €110 billion for startups and scale-ups. Around half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    MIL OSI Europe News –

  • MIL-OSI Europe: Hearings – Hearing on the ICJ and ICC decisions on Israeli/Palestinian conflict and the EU role – 15-07-2025 – Committee on Foreign Affairs

    Source: European Parliament

    AFET hearing on the ICJ and ICC.jpeg © Image used under license from Adobe Stock

    On Tuesday, 15 July 2025, from 11:00 to 12:30 in Brussels (room Antall 2Q2), the Committee on Foreign Affairs (AFET) will hold a public hearing on the implications of the decisions of the ICJ and ICC on the EU’s role in supporting a peaceful solution for the Israeli/Palestinian conflict. This hearing intends to clarify the overall situation and to provide both legal and political insights in the search for constructive EU positions on the matter.

    The experts invited are Gleider Hernández, Professor of Public International Law, KU Leuven and Michael Meier, Adjunct Professor at Georgetown University Law Center (GULC) and Associate Fellow. Geneva Centre for Security Policy.

    MIL OSI Europe News –