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Category: KB

  • MIL-OSI China: Foreign Minister Lin leads business delegation to visit Taiwan-Paraguay Smart Technology Park in Ciudad del Este

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 240

    During his extensive trip to Paraguay, Minister of Foreign Affairs Lin Chia-lung visited the Taiwan-Paraguay Smart Technology Park in Ciudad del Este on July 12. He was accompanied by Paraguayan Minister of Foreign Affairs Rubén Ramírez Lezcano, Minister of Industry and Commerce Javier Giménez García de Zúñiga, Minister of Information and Communication Technologies Gustavo Villate, Executive Secretary of the Office of the President Marianna Saldívar Gadea, Deputy Minister of Public Works Emiliano Fernández, Governor of Alto Paraná César Landy Torres, President of the Taiwan-Paraguay Polytechnic University Jorge Daniel Duarte Rolon, and other officials.

     

    The technology park originates from a commitment made by President Lai Ching-te to assist Paraguay with economic development and job creation. Then Vice President Lai made the pledge in August 2023 while visiting Paraguay as a special envoy to attend the inauguration of President Santiago Peña Palacios.

     

    When Minister Lin took office on May 20 last year, he held in-depth talks on the project—which would have a profound impact on Paraguay—with President Peña, who was visiting Taiwan to attend President Lai’s inauguration. The two agreed that Taiwan and Paraguay would work together to make Paraguay a South American base for the smart technology industry and talent incubation.

     

    During his visit to the park, Minister Lin remarked that promotion of the Diplomatic Allies Prosperity Project in Paraguay followed a comprehensive plan led by a national team of businesses from Taiwan. He said that the project integrated civil engineering, private 5G network architecture, and smart applications. Minister Lin added that the initiative would not only create favorable conditions for Taiwanese enterprises investing in Paraguay, but that it would also bring substantial industrial development and employment opportunities to Paraguay. He noted that the process of building the park had been a team effort. Although there had been challenges along the way, Minister Lin said that the difficulties were a source of strength for today. He stated that the newly revitalized Taiwan-Paraguay Smart Technology Park would offer Taiwanese companies the same 006688 land rental incentive provided by special zones in Taiwan. (The 006688 plan offers free rent in years one and two, a 40 percent discount in years three and four, and a 20 percent discount in years five and six.) This is the first time that the preferential policy has been made available to Taiwanese enterprises overseas. Paraguay is also the first country outside Taiwan to apply the incentive. Minister Lin said that he had long advocated for the strategy of larger enterprises guiding smaller ones, combining soft and hard tactics, promoting public-private cooperation, and facilitating internal-external exchanges. He explained that the integration of various technological, financial, and human resources would help Taiwanese industries deploy investments in Paraguay. Minister Lin indicated that Paraguay’s stable economy, abundant and cheap supplies of water and electricity, and convenient business environment could make it a base for Taiwanese enterprises entering the South American market. 

     

    For the trip, Minister Lin extended special invitations to prominent manufacturers from all areas of the supply chain to join the delegation, tour the technology park, and explore business opportunities in Paraguay. The group included representatives from the semiconductor, AI applications, smart manufacturing, smart transportation, animal husbandry, cold chain logistics, and food processing industries. It is hoped that the companies will establish a presence in Paraguay as a joint fleet, joining forces in a new flying geese pattern of development and creating a Taiwan+n model of global industrial deployment. Taiwan will work together with Paraguay to create mutual prosperity and well-being, realizing President Lai’s policy vision of making Taiwan a global economic powerhouse.

    MIL OSI China News –

  • MIL-OSI China: MOFA sincerely thanks Japanese Prime Minister Ishiba for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA sincerely thanks Japanese Prime Minister Ishiba for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    • Date：2025-07-13
    • Data Source：TAIWAN-JAPAN RELATIONS ASSOCIATION

    July 13, 2025 

    No.241 

    In the evening of July 12, Japanese Prime Minister Shigeru Ishiba posted a message on social media platform X extending sympathies to Taiwan over the losses caused by Typhoon Danas and expressing the hope that all those affected would be able to resume their normal lives as soon as possible. 

     

    Both the Ministry of Foreign Affairs and the Taipei Economic and Cultural Representative Office in Japan immediately extended appreciation to the government of Japan for the thoughtful message. 

     

    Japan-Taiwan Exchange Association Taipei Office Chief Representative Kazuyuki Katayama; Mrs. Akie Abe, widow of late Japanese Prime Minster Shinzo Abe; and many Japanese parliamentarians friendly to Taiwan from across the political spectrum also openly and promptly expressed empathy. These gestures fully demonstrate the mutual concern and genuine friendship between Taiwan and Japan. 

     

    Taiwan and Japan are both situated in areas that frequently experience typhoons and earthquakes. Whenever a natural disaster strikes, Taiwan and Japan can count on each other for assistance to overcome related impacts. Indeed, the cordial and cooperative relations between Taiwan and Japan serve as an important asset and model for the international community. Immediately after the occurrence of the typhoon, the people and government of Taiwan fully embarked on disaster relief. Taiwan will continue to maintain close contact with Japan on these efforts. 

     

    Minister of Foreign Affairs Lin Chia-lung once again sincerely thanks the people and government of Japan for their warm sentiments and assistance. He hopes that in the future Taiwan and Japan will continue to engage in extensive and substantive collaboration and exchanges in all areas, including natural disaster prevention and mitigation, so as to bolster the resilience of their societies and develop an even stronger, closer, and more robust bilateral partnership. (E) 

    MIL OSI China News –

  • MIL-OSI China: MOFA sincerely thanks Pope Leo XIV for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA sincerely thanks Pope Leo XIV for publicly extending sympathies to Taiwan over losses caused by Typhoon Danas

    • Date：2025-07-17
    • Data Source：Department of European Affairs

    July 17, 2025
    No. 247

    On July 16, Holy See Press Office Director Matteo Bruni stated that after learning about the casualties and severe damage caused by Typhoon Danas in Taiwan, Pope Leo XIV had been praying for those affected by the disaster and had instructed the Office of Papal Charities to provide concrete aid to the people of Taiwan.

    On behalf of President Lai Ching-te, Minister of Foreign Affairs Lin Chia-lung sincerely thanks Pope Leo XIV for expressing concern over losses caused by Typhoon Danas and offering prayers for those affected in the spirit of God’s love for all people. Moving forward, the Ministry of Foreign Affairs will continue to cooperate with Pope Leo XIV to promote related humanitarian assistance and charity work, thereby jointly advancing the universal values shared by all humankind. (E)

    MIL OSI China News –

  • MIL-OSI: Coop Pank unaudited financial results for Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    By the end of the Q2 2025, Coop Pank had 218,000 customers, increased by 5,000 customers in the quarter (+2%) and by 22,000 in the year (+11%). The bank had 103,600 active customers, increased by 1,800 (+2%) in the quarter and by 8,300 (+9%) in the year.

    In Q2 2025, volume of deposits in Coop Pank decreased by 98 million euros (-5%), reaching total of 1.81 billion euros. The deliberate reduction of deposits is a result of the successful covered bond issuance carried out in the first quarter. Deposits from private clients increasing by 0.4 million euros: demand deposits decreased by 0.4 million euros and term deposits increased by 0.8 million euros. Deposits from domestic business customers decreased by 78 million euros: demand deposits decreased by 10 million euro and term deposits decreased by 68 million euros. Deposits from international deposit platform Raisin and other financing decreased by 21 million euros. Compared to Q2 2024, volume of Coop Pank’s deposits has increased by 77 million euros (+4%). In an annual comparison, share of demand deposits of total deposits has increased from 32% to 33%. In Q2 2025, the bank’s financing cost was 2.5%, at the same time last year the financing cost was 3.4%.

    In Q2 2025, net loan portfolio of Coop Pank increased by 125 million euros (+7%), reaching 1.94 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 82 million euros (+10%). Home loans increased by 37 million euros (+5%). The volumes of leasing portfolio increased by 3 million euros (+2%) and consumer finance portfolio increased by 2 million euros (+2%). Compared to Q2 2024, total loan portfolio of Coop Pank has grown by 322 million euros (+20%).

    In Q2 2025, overdue loan portfolio of Coop Pank was at the level 2.8%. A year ago, overdue loan portfolio was at the level of 2.2%.

    Impairment costs of financial assets in Q2 2025 were 1.4 million euros, which is 1.1 million euros more than in previous quarter and 0.1 million euros more than in Q2 2024.

    Net income of Coop Pank in Q2 2025 was 19.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 5% in an annual comparison. Operating expenses reached 10.1 million euros in Q2 – operating expenses increased by 6% in the quarterly comparison and remained unchanged in the annual comparison.

    In Q2 2025, net profit of Coop Pank was 6.6 million euros, which is 16% less than in the previous quarter and 17% less than a year ago. In Q2 2025, cost to income ratio of the bank was 52% and return on equity was 12.1%.

    As of 30 June 2025, Coop Pank has 34,700 shareholders.

    Heikko Mäe, Interim Chairman of the Management Board of Coop Pank, comments the results:

    “The Estonian economy as a whole has not yet picked up new growth momentum this year. However, interest rates are stabilizing, there are signs that economic headwinds are easing, and Coop Pank’s results show that the rapid growth of a domestic bank is continuing.

    On one hand, 5% inflation has reduced consumer confidence and directly affects the purchasing power of households. The rising unemployment rate, approaching 9%, is also a negative signal. On the other hand, there are positive signs in the industrial sector, where capacity utilization is increasing thanks to the recovery of export markets and lower interest costs.

    In this economic environment, Coop Pank achieved strong results in the second quarter: the bank grew its loan portfolio by a record 125 million euros and is growing nearly twice as fast as the market. The strongest growth came from business loans and home loans. We see that both the manufacturing and real estate sectors are actively investing. Among home loan applicants, there is particularly strong demand for construction loans, and many large-scale repair and renovation works are in progress across homes in Estonia, financed through home loans. While business volumes are growing quickly, the bank’s operating costs have remained the same as a year ago, and credit losses are still minimal. This demonstrates that Coop Pank is operating efficiently and responsibly.

    Since June, the bank has taken its cooperation with Coop retail to a new level by offering a new cashback solution to shared private customers. This is an important addition to the value proposition for joint customers and is part of the bank’s recently introduced account package upgrade.

    Our results confirm that a strong local bank can grow successfully with its customers even in a challenging economic environment. We continue to provide banking services and financing solutions across all of Estonia – for households seeking stability and for businesses looking for investment opportunities.

    Growth in business volumes, the high quality of the loan portfolio, cost control, and the decline in financing costs due to the interest rate environment and scale effects resulted in a strong net profit of 6.6 million euros for Coop Pank in the second quarter. The bank’s cost-to-income ratio was 52%, and return on equity was 12.1%.”

    Income statement, in th. of euros Q2 2025 Q1 2025 Q2 2024 6M 2025 6M 2024
    Net interest income 18 003 17 930 19 319 35 933 38 400
    Net fee and commission income 1 166 1 155 1 000 2 321 2 015
    Net other income 375 225 146 600 271
    Total net income 19 544 19 310 20 464 38 854 40 686
    Payroll expenses -5 917 -5 578 -5 858 -11 496 -11 267
    Marketing expenses -453 -358 -775 -811 -1 308
    Rental and office expenses, depr. of tangible assets -777 -807 -775 -1 584 -1 570
    IT expenses and depr. of intangible assets -1 724 -1 613 -1 474 -3 337 -2 879
    Other operating expenses -1 220 -1 162 -1 208 -2 382 -2 494
    Total operating expenses -10 091 -9 519 -10 091 -19 610 -19 518
    Net profit before impairment losses 9 453 9 791 10 374 19 244 21 168
    Impairment costs on financial assets -1 367 -226 -1 224 -1 594 -1 800
    Net profit before income tax 8 086 9 565 9 150 17 650 19 368
    Income tax expenses -1 437 -1 652 -1 152 -3 088 -2 232
    Net profit for the period 6 649 7 913 7 998 14 562 17 136
               
    Earnings per share, eur 0,06 0,08 0,08 0,14 0,17
    Diluted earnings per share, eur 0,06 0,08 0,08 0,14 0,16
    Statement of financial position, in th. of euros 30.06.2025 31.03.2025 31.12.2024 30.06.2024
    Cash and cash equivalents 356 473 564 441 343 678 335 710
    Debt securities 47 832 49 536 37 751 36 980
    Loans to customers 1 943 420 1 818 109 1 774 118 1 621 000
    Other assets 36 090 34 711 33 066 32 608
    Total assets 2 383 816 2 466 796 2 188 614 2 026 298
    Customer deposits and loans received 1 816 313 1 914 526 1 886 145 1 739 709
    Debt securities issued 253 537 250 250 0 0
    Other liabilities 30 645 19 096 27 683 28 121
    Subordinated debt 63 148 63 363 63 148 63 148
    Total liabilities 2 163 642 2 247 235 1 976 977 1 830 978
    Equity 220 174 219 561 211 637 195 320
    Total liabilities and equity 2 383 816 2 466 796 2 188 614 2 026 298

    The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting

    Coop Pank will organise a webinar on 18 July 2025 at 9:00 AM, to present the financial results of Q1 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-18072025

    The webinar will be recorded and published on the company’s website www.cooppank.ee and on the YouTube channel.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 218,000 daily banking clients. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 516 0231
    E-mail: paavo.truu@cooppank.ee

    Attachments

    The MIL Network –

  • MIL-OSI: BW Energy: Second quarter 2025 operational update 

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 operational update 

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August 2025. Today, the company provides preliminary operational figures.

    Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls) in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day (kbopd), from the Dussafu license in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest).

      Q2 2025 Q1 2025 Q2 2024
    Production (mmbbls) 2.9 3.2 2.1
    Dussafu 2.4 2.6 1.4
    Golfinho 0.5 0.7 0.7
           
    Production (kbopd) 32.3 36.0 23.6
    Dussafu 26.6 28.7 15.6
    Golfinho 5.7 7.3 8.0
           
    Net volume sold (mmbbls) 2.8 3.7 1.9
    Dussafu1 2.3 3.2 0.9
    Golfinho 0.5 0.5 1
    1incl. Domestic market obligations (DMO) 0.07 0.07 0.03
    1incl. State profit oil 0.30 0.32 0.17
           
    Quarter-end stock inventory (mmbbls) 0.5 0.2  
    Dussafu -0.2 -0.4  
    Golfinho 0.7 0.6  
           
    Average realised price (USD)  66.7 74.8 83.8
    Dussafu 66.2 74.8 81.1
    Golfinho 69.1 75.0 86.4
            
    Operational costs2 (USD per barrel) 20.4 16.5 28.5
    Dussafu 14.3 9.9 19.8
    Golfinho 49.0 42.2 45.4


    2) Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market Obligation purchases, Production Sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments.

    Reporting

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August at 07:00 CEST. Management will host a webcast presentation later the same day at 14:00 CEST, followed by a live Q&A session. The webcast will be available at www.bwenergy.no.

    For further information, please contact:

    Martin Seland Simensen, VP Investor Relations BW Energy

    +47 416 92 087, martin.simensen@bwenergy.no

    About BW Energy:

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI: BW Energy: Second quarter 2025 operational update 

    Source: GlobeNewswire (MIL-OSI)

    Second quarter 2025 operational update 

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August 2025. Today, the company provides preliminary operational figures.

    Net production attributable to BW Energy was 2.9 million barrels of oil (mmbbls) in the second quarter 2025, equivalent to 32.3 thousand barrels of oil per day (kbopd), from the Dussafu license in Gabon (73.5% working interest) and the Golfinho field in Brazil (100% working interest).

      Q2 2025 Q1 2025 Q2 2024
    Production (mmbbls) 2.9 3.2 2.1
    Dussafu 2.4 2.6 1.4
    Golfinho 0.5 0.7 0.7
           
    Production (kbopd) 32.3 36.0 23.6
    Dussafu 26.6 28.7 15.6
    Golfinho 5.7 7.3 8.0
           
    Net volume sold (mmbbls) 2.8 3.7 1.9
    Dussafu1 2.3 3.2 0.9
    Golfinho 0.5 0.5 1
    1incl. Domestic market obligations (DMO) 0.07 0.07 0.03
    1incl. State profit oil 0.30 0.32 0.17
           
    Quarter-end stock inventory (mmbbls) 0.5 0.2  
    Dussafu -0.2 -0.4  
    Golfinho 0.7 0.6  
           
    Average realised price (USD)  66.7 74.8 83.8
    Dussafu 66.2 74.8 81.1
    Golfinho 69.1 75.0 86.4
            
    Operational costs2 (USD per barrel) 20.4 16.5 28.5
    Dussafu 14.3 9.9 19.8
    Golfinho 49.0 42.2 45.4


    2) Operating costs exclude Royalties, Tariffs, Workovers, Domestic Market Obligation purchases, Production Sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments.

    Reporting

    BW Energy will publish its financial results for the second quarter and first half of 2025 on 1 August at 07:00 CEST. Management will host a webcast presentation later the same day at 14:00 CEST, followed by a live Q&A session. The webcast will be available at www.bwenergy.no.

    For further information, please contact:

    Martin Seland Simensen, VP Investor Relations BW Energy

    +47 416 92 087, martin.simensen@bwenergy.no

    About BW Energy:

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI Economics: Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on July 18, 2025

    Source: Reserve Bank of India

    Tenor 7-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of offers received (in ₹ crore) 2,07,584
    Amount accepted (in ₹ crore) 2,00,027
    Cut off Rate (%) 5.49
    Weighted Average Rate (%) 5.49
    Partial Acceptance Percentage of offers received at cut off rate 95.94

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/737

    MIL OSI Economics –

  • MIL-OSI Economics: Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on July 18, 2025

    Source: Reserve Bank of India

    Tenor 7-day
    Notified Amount (in ₹ crore) 2,00,000
    Total amount of offers received (in ₹ crore) 2,07,584
    Amount accepted (in ₹ crore) 2,00,027
    Cut off Rate (%) 5.49
    Weighted Average Rate (%) 5.49
    Partial Acceptance Percentage of offers received at cut off rate 95.94

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/737

    MIL OSI Economics –

  • MIL-OSI Analysis: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation – Global Perspectives – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

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

    – ref. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI Analysis –

  • MIL-OSI Russia: New opportunities for NSU applicants: educational program for top IT specialists “Applied Artificial Intelligence”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    Starting in the 2025/2026 academic year, Novosibirsk State University will launch training aimed at preparing highly qualified specialists in the field of applied artificial intelligence for the innovative economy. Students of the new program will write their own neural networks, master and develop new methods and technologies in the field of applied programming, as well as collect, process and analyze their own data sets. In the future, graduates will create products based on deep machine learning and apply the acquired knowledge in various fields of activity – from the banking sector and various high-tech companies to personalized medicine. The training of top specialists is carried out on the initiative of the Ministry of Digital Development of the Russian Federation with the participation of the Analytical Center under the Government of the Russian Federation.

    These programs are based on modern employer requirements for highly qualified specialists, determined with the participation of dozens of Russian companies – leaders in the IT sector and leading universities.

    The training will be focused primarily on practical results. From the first years, students will be involved in solving product problems of IT business, will be able to study cases and experience of the industry, participate in the work of project teams, master classes, undergo practical training and mandatory internship in leading IT companies and research institutes.

    Companies invest in the development and implementation of programs with their own resources. More than 30% of all classroom classes with students will be conducted by invited experts from the industry, leading developers, engineers and researchers. Business representatives will act as mentors for students, become conductors of advanced knowledge, trends in the development of domestic IT technologies, help students get acquainted with corporate culture and real requirements for employees.

    Training in close cooperation with industry partners and IT companies, including the anchor partner, one of the leaders of the Russian IT market — the multidisciplinary IT holding T1, as well as the Russian developer of operating systems “Alt”, will not only prepare graduates for a successful professional start, but also give them the opportunity to apply for leading positions in large industry and technology companies. The knowledge and practical experience gained with modern AI solutions will provide students with subsequent rapid career growth.

    More information about the Applied Artificial Intelligence program presented on the website 

    All details about admission to the program and deadlines for submitting documents can be clarified in the NSU IIR consulting group:

    7 (383) 373-96-52

    Consult@nsu.ru

    VK group

    Reference:

    Since 2025, within the framework of the federal projects “Artificial Intelligence” and “Personnel for Digital Transformation” of the national project “Data Economy and Digital Transformation of the State”, the Ministry of Digital Development of the Russian Federation, with the participation of the Analytical Center under the Government of the Russian Federation, has been implementing two projects to train students in educational programs for top specialists in the field of information technology and artificial intelligence.

    The projects provide training for graduates with advanced competencies in the field of information technology and artificial intelligence: developers of advanced IT solutions, AI models, algorithms, analysts and data researchers. The key condition for the participation of universities in the projects is the active involvement of employers in the training process, including attracting co-financing from businesses.

    Within the framework of these projects, in 2025, 36 universities from 20 constituent entities of the Russian Federation will accept more than 6 thousand students for training. By 2030, 13.7 thousand students will complete their training.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Sixth China-Croatia Joint Police Patrol Mission Launched in Zagreb

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    ZAGREB, July 18 (Xinhua) — The sixth joint police patrol mission between China and Croatia started here on Thursday. Eight Chinese police officers will work for a month in popular tourist destinations from China: Zagreb, Dubrovnik, Zadar and Plitvice Lakes National Park.

    Speaking at the launch ceremony, Chinese Ambassador to Croatia Qi Qianjin noted that the joint police patrol mission has become a symbol of Chinese-Croatian cooperation and friendship. Beijing is ready to work with Zagreb to unlock the potential for cooperation in other areas, he added.

    Croatian Police Headquarters spokesman Ante Maric said police officers from the two countries had successfully cooperated on joint patrols, which had increased the safety of tourists in the Balkan country.

    China first joined the project in 2018. Since then, 46 Chinese police officers have taken part in the joint patrols. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Iceland, EU to start security talks

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    HELSINKI, July 18 (Xinhua) — Iceland and the European Union (EU) are set to begin talks on a security and defense partnership, Icelandic Prime Minister Kristrun Frostadottir announced at a joint press conference with European Commission President Ursula von der Leyen in Keflavik on Thursday.

    They noted that formal negotiations could begin in the coming weeks or months and expressed hope that they would be completed by the end of the year.

    K. Frostadottir also said that the government is considering holding a national referendum on resuming EU accession talks. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI China: Youth football tournament brings 300 young players to Zhangjiagang

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

    The 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 opens Wednesday in Zhangjiagang, Jiangsu province, July 16, 2025. [Photo courtesy of CSCLF]

    The 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 kicked off Wednesday in Fenghuang town, Zhangjiagang city, Jiangsu province, with nearly 300 young players from China and abroad participating in a week of competition and cultural exchange.

    Li Bin, vice chairwoman of the 13th National Committee of the Chinese People’s Political Consultative Conference and China Soong Ching Ling Foundation chairperson, opens the 26th “Beibei Cup” Youth (U12 Boys) Football Tournament 2025 in Zhangjiagang, Jiangsu province, July 16, 2025. [Photo courtesy of CSCLF]

    The tournament, co-hosted by the China Soong Ching Ling Foundation (CSCLF), the Chinese Football Association (CFA), and the Zhangjiagang Municipal People’s Government, was opened by Li Bin, vice chairwoman of the 13th National Committee of the Chinese People’s Political Consultative Conference and CSCLF chairperson.

    Shen Beili, secretary of the CSCLF Party Leadership Group and CSCLF vice chairperson, emphasized the “Beibei Cup’s” enduring legacy since its inception in 1983. She highlighted its role in providing a key platform for young football enthusiasts to develop their skills, pursue their aspirations, and build vital life skills like teamwork and resilience.

    Han Wei, secretary of the Zhangjiagang Municipal Party Committee, emphasized the city’s commitment to youth football. He noted the tournament’s role in nurturing young talent for national teams and expressed Zhangjiagang’s goal to innovate youth football development. The aim, he stated, is to transform “Beibei Football” into a hub for cultivating young players’ dreams, a center for international youth football cultural exchange, and an “international sports calling card” for the city.

    The tournament runs from July 16 to 22, featuring 48 matches among 16 teams. Participants include top youth squads from 12 Chinese provinces, municipalities, and autonomous regions, as well as teams from South Korea and Thailand. Two foreign teams — Ulsan from South Korea and Muangthong United from Thailand — are making their debut appearances, highlighting the tournament’s expanding international reach.

    Beyond the competition, the event will also host an elite youth coaching training course and an elite player training camp, expanding investment in young football talent development.

    The opening ceremony featured performances by young people from Beijing and Zhangjiagang, showcasing traditional Chinese arts, including a Chinese drum show, chorus, traditional opera exercises, and a children’s medley of Heyang folk songs, designated as national intangible cultural heritage. The ceremony concluded with Chinese and international young players joining together to sing the tournament’s theme song, “Dream Chasing Youth.”

    Following the ceremony, a team from Zhejiang competed against the Beibei in an exhibition match. CFA Vice Chairman Yang Xu performed the ceremonial kickoff. Former “Beibei Cup” players Zhao Junzhe and Yang Chen, alongside Chinese Super League players Zuo Junjie and Xiao Xuhui, joined the young athletes on the field, providing a live coaching session for the young football stars.

    MIL OSI China News –

  • MIL-OSI Economics: Result of Underwriting Auction conducted on July 18, 2025

    Source: Reserve Bank of India

    In the underwriting auction conducted on July 18, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

    Nomenclature of the Security Notified Amount
    (₹ crore)    		 Minimum Underwriting Commitment (MUC) Amount
    (₹ crore)    		 Additional Competitive Underwriting Amount Accepted
    (₹ crore)    		 Total Amount underwritten
    (₹ crore)    		 ACU Commission Cut-off rate
    (Paise per ₹100)
    New GS 2030 15,000 7,518 7,482 15,000 0.09
    7.09% GS 2054 12,000 6,006 5,994 12,000 0.23
    Auction for the sale of securities will be held on July 18, 2025.

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/736

    MIL OSI Economics –

  • MIL-OSI United Nations: UNESCO brings together World Heritage site managers from Costa Rica and Panama to promote sustainable tourism

    Source: UNESCO World Heritage Centre

    Site managers and park rangers from Costa Rica and Panama responsible for the transboundary World Heritage site of Talamanca Range-La Amistad Reserves/La Amistad National Park gathered from 8 to 11 July 2025 to discuss how to enhance sustainable tourism at the site.

    Organized in the framework of the UNESCO project ‘Communities for Heritage – Latin America and the Caribbean’, financed by Saudi Arabia, the workshop took place in the Las Cruces Biological Station, located in San Vito de Coto Brus, Costa Rica.

    Extending along the border between Panama and Costa Rica, the Talamanca Range–La Amistad Reserves / La Amistad National Park encompasses a vast mountainous wilderness where exceptional biodiversity, wetland ecosystems, and cross-border conservation efforts come together. In addition to its designation as a UNESCO World Heritage site, it is also recognized as a UNESCO Biosphere Reserve and a Ramsar Wetland of International Importance – making it one of the most comprehensively protected natural landscapes in Central America.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: Secretary-General’s message on Nelson Mandela International Day [scroll down for French version]

    Source: United Nations secretary general

    Nelson Mandela’s extraordinary life showed how one person can transform oppression, struggle and subjugation into reconciliation, social justice and unity.

    Just as Madiba’s life was a triumph of the human spirit, his legacy is a call to rekindle our global commitment to peace, justice and human dignity.

    This year’s theme reminds us that the power to end poverty and inequality is in all our hands. 

    Mandela believed in the power of collective, grassroots action. He knew that ordinary people could bend the arc of history, and that lasting change started not in capitals and boardrooms, but in neighbourhoods and communities.

    Mandela’s life of service and progress continues to inspire our own efforts at the United Nations, as we celebrate our 80th anniversary.

    On this important day, and every day, let us all be guided by Madiba’s lifelong commitment to freedom, justice, equality and the rights that belong to every person on earth.

    ***

    La vie extraordinaire de Nelson Mandela a montré comment une personne peut transformer l’oppression, la lutte et la subjugation en réconciliation, en justice sociale et en unité.

    Tout comme la vie de Madiba a été un triomphe de l’esprit humain, son héritage est un appel à raviver notre engagement mondial en faveur de la paix, de la justice et de la dignité humaine.

    Comme nous le rappelle le thème de cette année, le pouvoir de mettre fin à la pauvreté et aux inégalités est entre nos mains à toutes et à tous.

    Nelson Mandela croyait au pouvoir de l’action collective et locale. Il savait que les gens ordinaires pouvaient infléchir le cours de l’histoire et que les changements durables commençaient non pas dans les capitales et les conseils d’administration, mais dans les quartiers et les communautés.

    La vie de Nelson Mandela, une vie au service des autres et en mouvement, continue d’inspirer l’action que nous menons à l’Organisation des Nations Unies, dont nous marquons actuellement le 80e anniversaire.

    En ce jour important, et chaque jour, laissons-nous toutes et tous guider par la vie de Madiba, consacrée à la liberté, à la justice, à l’égalité et aux droits que détient toute personne sur terre.

    ***
     

    MIL OSI United Nations News –

  • MIL-OSI USA: JOINT DEMOCRATIC LEADERSHIP STATEMENT ON THE RECKLESS REPUBLICAN RESCISSIONS PACKAGE

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Know Your Immigration Rights

    If you or a loved one encounter immigration enforcement officials, it is essential that you know your rights and have prepared your household for all possible outcomes.

    Ask for a warrant: The Fourth Amendment of the Constitution protects you from unreasonable search and seizure. You do not have to open your door until you see a valid warrant to enter your home or search your belongings.

    Your right to remain silent: The Fifth Amendment protects your right to remain silent and not incriminate yourself. You are not required to share any personal information such as your place of birth, immigration status or criminal history.

    Always consult an attorney: You have a right to speak with an attorney. You do not have to sign anything or hand officials any documents without speaking to an attorney. Try to identify and consult one in advance.

    The New York City Office of Civil Justice and the Mayor’s Office of Immigrant Affairs (MOIA) support a variety of free immigration legal services through local nonprofit legal organizations. To access these resources, dial 311 and say “Action NYC,” call the MOIA Immigration Legal Support Hotline at 800-354-0365 Monday through Friday from 9:00 a.m. to 6:00 p.m. or visit MOIA’s website.

    Learn more here: KNOW YOUR IMMIGRATION RIGHTS  – Congressman Hakeem Jeffries

    MIL OSI USA News –

  • MIL-OSI USA: Wasserman Schultz on the GENIUS Act

    Source: United States House of Representatives – Representative Debbie Wasserman Schultz (FL-23)

    Wasserman Schultz on the GENIUS Act

    Washington, July 17, 2025

    Today, I was proud to support the GENIUS Act as a significant first step towards responsible and effective regulation of the cryptocurrency industry.

    Washington, D.C. – U.S. Rep. Debbie Wasserman Schultz (FL-25) issued the following statement on today’s votes by the U.S. House of Representatives on crypto legislation: 

    “Today, I was proud to support the GENIUS Act as a significant first step towards responsible and effective regulation of the cryptocurrency industry. Although I was unable to support the CLARITY Act at this time, I hope that the bill that returns from the Senate will incorporate the necessary changes and safeguards that would enable me to support it.” 

    ####

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Gomez Votes No on Republican Bill to Defund Local Public Radio and TV, And Humanitarian Foreign Aid

    Source: United States House of Representatives – Congressman Jimmy Gomez (CA-34)

    Rep. Gomez Votes No on Republican Bill to Defund Local Public Radio and TV, And Humanitarian Foreign Aid

    Washington, July 17, 2025

    WASHINGTON, DC – Tonight, Representative Jimmy Gomez (CA-34) voted to protect federal funding for public broadcasting, including NPR and PBS. 

    “This bill is a handout to billionaires and a punch in the gut to working families and children. 

    “When I was growing up, my family couldn’t afford cable, so we relied on public broadcasting for education, news, weather forecasts, public safety announcements, and emergency alerts. Now, as a dad to a two-year-old, I watch PBS programs like Sesame Street, The Cat in the Hat, and Daniel Tiger with my son. The same public service that helped raise me is now helping raise him. 

    “But Republicans moved forward with these cuts to free up federal dollars for their ‘Big Billionaire Bill,’ which hands massive tax breaks to the richest corporations and individuals. While the ultrawealthy and top corporations get tax breaks for yachts and bonuses, millions of kids in rural and working-class communities are losing Sesame Street.  

    “This bill also guts humanitarian aid, ripping away food from starving children, medicine from disease zones, and hope from families fleeing war, which undermines America’s global leadership in responding to global crises. 

    “Even though we’re outnumbered in the House, I’ll keep fighting to make sure that public money is used to help people who actually need it — not handed out as giveaways to billionaires.” 

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Simpson Secures INL Priorities in Energy and Water Appropriations Bill

    Source: US State of Idaho

    Rep. Simpson Secures INL Priorities in Energy and Water Appropriations Bill

    Washington, July 18, 2025

    WASHINGTON—The House Committee on Appropriations voted to advance the Fiscal Year 2026 Energy and Water Development and Related Agencies Appropriations Bill. Idaho Congressman Mike Simpson supported this advancement and secured critical funding for the Idaho National Laboratory (INL). This bill champions America’s nuclear deterrent and strengthens national security, restores energy dominance, and supports the Trump administration’s policy initiatives.
    “The Idaho National Laboratory is a world leader in nuclear energy research and a hub for remarkable advancements in nuclear technologies,” said Rep. Simpson. “INL has long worked to advance America’s nuclear technology and strengthen our national security, and I have been proud to support their efforts in Congress. I am confident that the future of nuclear energy is bright under President Trump and Secretary Wright. As a longtime member and former Chairman of this critical subcommittee, I am pleased to see this legislation expand America’s nuclear capabilities and address the future of nuclear energy. I look forward to seeing this bill cross the finish line.” 
    Highlights of the bill include:

    Provides funding for INL’s infrastructure and operations.
    Provides funding for INL’s Microreactor Application Research Validation and Evaluation (MARVEL) project.
    Provides funding for the Demonstration of Microreactor Experiments (DOME) Test Bed at INL.
    Funding for a variety of advanced reactor construction and demonstrations.
    Funding for further research and development of advanced Tri-structural Isotropic (TRISO) and High-Assay Low Enriched Uranium (HALEU) reactor fuel.

    The measure was approved by the Committee with a vote of 35 to 27.
    This funding package will now go to the full floor of the House of Representatives for further consideration.  

    MIL OSI USA News –

  • MIL-OSI Australia: Two more boys charged over alleged assault in Hobart CBD

    Source: New South Wales Community and Justice

    Two more boys charged over alleged assault in Hobart CBD

    Friday, 18 July 2025 – 2:22 pm.

    Police have laid charges against two further boys over the alleged assault of a teenage boy in Hobart’s CBD on Wednesday.
    A 14-year-old boy has been charged with aggravated robbery, stealing, injure property, trespass and unlawfully tamper or interfere with a motor vehicle. He has been bailed to appear in the Hobart Youth Justice Division in August.
    A 13-year-old boy has been charged with aggravated robbery, injure property and stealing. He has been bailed to appear in the Hobart Youth Justice Division in August.
    These arrests are in addition to:
    A 14-year-old boy charged with aggravated robbery, stealing, destroy property, unlawfully tamper or interfere with a motor vehicle, and bail offences. He appeared in court on Thursday night.
    A 12-year-old boy charged with aggravated robbery, common assault, stealing and unlawfully tamper or interfere with a motor vehicle. He was bailed to appear in the Hobart Youth Justice Division in August.
    A 14-year-old boy will be dealt with under the provisions of the Youth Justice Act.
    The charges stem from an altercation at the grassed area of Mathers Lane, in Hobart’s central business district, about 2.05pm on Wednesday in which police allege a 14-year-old boy was assaulted and had his iPhone stolen.
    Anyone with information is urged to contact Tasmania Police on 131 444 or provide information anonymously through Crime Stoppers at 1800 333 000 or online at crimestopperstas.com.au (quote Offence Report 780149).
    Tasmania Police thanks the public for their continued support and cooperation.

    MIL OSI News –

  • MIL-OSI Australia: Tax Time 2025 update – 15 July

    Source: New places to play in Gungahlin

    Welcome and governance

    The ATO Co-chair welcomed members and ATO attendees to the Tax Practitioner Stewardship Group (TPSG) Tax Time 2025 meeting.

    ATO Updates

    Frontline Services

    We confirmed 1.6 million lodgments have been received. This is a 10% decrease from the same time last year, indicating that our messaging around ‘wait to lodge’ is working with taxpayers choosing to lodge later. Lodgment numbers for self-preparers have decreased 6% and agents down 11% compared to this time last year. We emphasised that it is too early to make any assumptions around these numbers and expect this to level out as tax time progresses.

    We have received 44,000 calls from agents, which is 10% down from last year. We highlighted this is as expected, noting call numbers typically follow lodgment trends.

    As of 14 July, there have been 467,000 refunds issued to taxpayers, totalling almost $1.2 billion with an average refund amount of around $2,500. With safety nets released, the first refunds landed into taxpayers’ accounts on Friday 11 July as planned.

    IT system updates and maintenance

    Tax Time Support systems are currently marked green and operating well.

    There was a system glitch with myGov login identified with Services Australia impacting Online Services for Individuals, however this has now been resolved. Individuals using the ATO app were not impacted during this time.

    ATO Digital services

    We noted that digital services are operating as intended and there is nothing to report.

    ATO Communications

    We have started to see social media attention from taxpayers expressing disappointment in their refund amounts or shock at a tax debt. We noted this reinforces the need for the ‘back to basics’ approach with education and communication.

    We have recently updated key tax time resources in 19 languages to help support tax professionals who have clients who prefer information in languages other than English.

    The ATO’s Tax and Super Basics media and social media campaign commenced on 13 July, targeting diverse language communities with information to support them with their tax and super obligations.

    We continue to support tax practitioners by promoting the ATO’s troubleshooting guide, which can help tax agents get up-to-date information about the availability of ATO online systems and known issues.

    As the quarterly BAS lodgment date nears, we are reminding businesses about the due date, and that they may get until 25 August to lodge and pay if they lodge through a registered tax or BAS agent.

    ATO communications is highlighting the importance of providing the correct information about family income to private health insurance providers to ensure taxpayers received the right private health insurance rebate.

    Member comments

    Members expressed the need for a cultural shift around taxpayers’ entitlement to a tax refund. They stated an increasing number of taxpayers are posting to social media their dissatisfaction when they receive an unexpected tax bill at tax time.

    We acknowledged that there are many reasons why a taxpayer may receive a tax bill, i.e. gig economy, multiple incomes, PAYGI etc. Members queried if ATO communications can share greater awareness around why some taxpayers may be receiving a tax bill.

    Small Business

    We have released the Small Business Tax Time toolkit, which has useful information, guides and tools to help small business taxpayers stay informed and organised this tax time.

    We have rectified an issue raised relating to ATO website links directing some users to old content. This issue was resolved within 48 hours of being identified and all links are linking to the right content.

    Superannuation

    As of Monday morning 14 July, 83% of Single Touch Payroll (STP) records have been finalised. There were additional reminders issued on Friday 11 July through ATO social media channels.

    We reminded tax agents to ensure employers who haven’t lodged their STP finalisation declarations as of COB Monday 14 July, to do so without delay as they are now overdue. Doing so will ensure employees have the right information to lodge their 2024–25 income tax returns.

    Tax agents should make sure their clients have finalised data for all employees paid during the financial year. This includes employees that their clients may have not paid in a while, like employees or casuals who stopped work for them during the year.

    Individuals

    We will issue a media release around how to help protect yourself against scams next week. We prompted tax agents to remind their clients to be cautious of scams during tax time.

    Member comments

    Members queried whether there are any plans to issue comms to inform taxpayers who they should contact if they suspect instances of fraud. We confirmed this media release is to educate taxpayers and share the Verify or report a scam | Australian Taxation Office link to help taxpayers recognise any warning signs of tax scams, verify a suspected scam or report a scam.

    Member Insights and Experience

    Member comments

    A member raised reports from tax agents that they are receiving correspondence for incorrect clients through Practice Mail in OSfA. We requested further details to investigate this matter.

    A member raised an issue in relation to a super lump sum amount not being visible in pre-fill. We acknowledged the previously identified CSC issue and requested further details to understand if this matter is related.

    A member raised a question around the frequency of PAYGI correspondence to tax agents. We asked for examples of these correspondences to investigate this further.

    Useful links

    MIL OSI News –

  • MIL-OSI USA: Chairman Mast Applauds House Passage of Rescissions Package

    Source: US House Committee on Foreign Affairs

    Media Contact 202-321-9747

    WASHINGTON, D.C. – Today, House Foreign Affairs Committee Chairman Brian Mast issued the following statement upon the House’s final passage of the rescissions package.

    “This is a win for the American taxpayer. Under the Biden administration, the U.S. wasted billions in taxpayer dollars spreading far-left ideology disguised as foreign aid. Republicans on this committee exposed those programs for years only to have Democrats turn a blind eye.

    Foreign aid is not benevolence. It’s not charity. It’s a soft power that gives America a chance to get what it is that we need because of some mutual benefit that exists out there between two nations. It’s not an opportunity to push radical liberal ideas on countries that would otherwise want to be our allies.

    Today, House Republicans joined President Trump in giving the American people a say in how their tax dollars are spent abroad.”

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Senator Markey Introduces Legislation to Support Recruitment and Retention of Paraeducators in Schools

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Bill Text (PDF)
    Washington (July 17, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Health, Education, Labor, and Pensions Committee, today reintroduced the Preparing and Retaining All (PARA) Educators Act, legislation that would establish higher wages, career pipelines, and professional development opportunities for school paraeducators. More than 1.2 million paraeducators across the country provide classroom management support to teachers, assist students with disabilities, and facilitate individual and small group learning.
    “As the Trump administration continues its relentless attack on education, it is more important than ever that we ensure paraprofessionals receive the support, compensation, and professional development opportunities they deserve,” said Senator Markey. “Instructional assistants, teachers’ aides, special education aides, and other educators keep our schools running and students thriving—often with little recognition and low pay. My PARA Educators Act will invest in these educators what they invest in our students, our communities, and our future.”
    “From special education aides and classroom assistants to English language learning specialists and other support staff, paraeducators are the unsung heroes of our public schools, helping students overcome challenges and reach their potential,” said AFSCME President Lee Saunders. “These hardworking professionals – including thousands of AFSCME members – deserve wages and benefits that match the important contributions they make to teaching and learning every single day. We applaud Senator Markey for sponsoring the PARA Educators Act, which will help more schools – especially in high-need and rural districts – recruit and retain the paraeducators they need to support student success in the classroom and beyond.”
    “Students of every color, background and ZIP code deserve qualified and caring educators who are dedicated and have the resources to uncover the passions and potential of every child. Education Support Professionals are essential to supporting students and ensuing we have strong schools and communities across the country. They play a critical role in the lives of students and help keep our schools running and our students safe, healthy, and ready to learn every day,” said Kimberly Johnson Trinca, Director of Government Relations, National Education Association. “The Preparing and Retaining All Educators (PARA) Act will help schools deal with an educator shortage that has been decades in the making. This bill will help schools across the country recruit and retain diverse, qualified and experienced paraeducators in our schools to support our students. This is more important than ever as the Trump Administration continues to take a wrecking ball to public education and the futures of the 50 million students in rural, suburban, and urban communities across America. NEA is pleased to support this legislation, and we applaud Senator Markey for his continued leadership on issues so important to education support professionals.”
    Low wages and a lack of training and professional development opportunities contribute to high rates of turnover and position vacancies among paraeducators, particularly in high-poverty school districts. The PARA Educators Act would support the recruitment and retention of paraeducators by funding state and school level initiatives to improve wages, working conditions, and professional development and credentialing programs for paraprofessionals working in public schools.
    Specifically, the PARA Educators Act would:
    Establish a grant program within the Department of Education to support state and district efforts to recruit and retain paraprofessionals.
    Prioritize high-need rural and urban areas to ensure grant funding is distributed equitably.
    Provide paraprofessionals with access to high-quality professional development programs that will advance in their careers and benefit their students.
    The bill is cosponsored by Senators Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Alex Padilla (D-Calif), and Sheldon Whitehouse (D-R.I.).
    The bill is endorsed by the National Education Association, AFT, the Advocacy Institute, CommunicationFIRST, Council for Exceptional Children, National Rural Education Association, National Center for Learning Disabilities, AFSCME, The Arc.
    In April 2025, Senator Markey reintroduced the Paraprofessionals and Education Support Staff Bill of Rights alongside Rep. Jahanna Hayes (D-CT-05), which would establish livable wages, benefits, and dignified working conditions for paraeducators and other essential school support staff. In February 2025, Senator Markey introduced the No Cuts to Public Schools Act, which would block all federal funding cuts to critical education programs serving students with disabilities, English learners, low-income students, and rural students through fiscal year 2027.

    MIL OSI USA News –

  • Sensex, Nifty open lower amid FII selling pressure

    Source: Government of India

    Source: Government of India (4)

    Indian equity indices opened lower on Friday, with heavyweights such as Axis Bank and Bharti Airtel among the top losers on the BSE benchmark.

    At 9:25 am, the Sensex was down 171 points or 0.21% at 82,087, while the Nifty slipped 35 points or 0.14% to 25,075.

    In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent, and Maruti Suzuki emerged as top gainers. On the other hand, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra, HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan, and Bajaj Finserv were among the major losers.

    On the sectoral front, auto, IT, PSU banks, metal, realty, media, energy, infrastructure, PSE, and commodities witnessed gains, while financial services, FMCG, and private banks traded in the red.

    “In July so far, India has underperformed most global markets, with the Nifty slipping by 1.6%. A key contributor to the decline has been consistent selling by FIIs. There’s a clear pattern in FII activity this year,” said Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    “They were net sellers in the first three months, turned buyers for the next three, and now in the seventh month, the trend has again shifted toward selling — unless some positive triggers reverse the current downtrend,” he added.

    On the institutional front, foreign institutional investors (FIIs) remained net sellers for the second consecutive session on July 17, offloading equities worth ₹3,694 crore. Meanwhile, domestic institutional investors (DIIs) continued their buying streak for the ninth straight session, purchasing equities worth ₹2,820 crore.

    Akshay Chinchalkar, Head of Research at Axis Securities, noted that the Nifty ended lower for the fifth time in seven sessions on Thursday, but still held above the rising trendline drawn from the May 9 lows.

    “Technically, Thursday’s daily candle formed a bearish engulfing pattern, which aligns with our earlier view — that a close above 25,245 and then 25,340 was necessary for bulls to regain control. Hence, 25,000 remains a crucial support level, while 25,340 acts as key resistance,” he said.

    In Asia, markets were mostly trading in the green, with Shanghai, Hong Kong, Bangkok, and Jakarta posting gains, while Tokyo and Seoul traded lower. US markets closed higher on Thursday, buoyed by positive investor sentiment.

    -IANS

  • Indian Navy to commission indigenous diving support vessel ‘Nistar’ today at Visakhapatnam

    Source: Government of India

    Source: Government of India (4)

    In a boost to India’s maritime capabilities and self-reliance in defence production, the Indian Navy will today commission its first indigenously designed and built Diving Support Vessel (DSV) Nistar at the Naval Dockyard in Visakhapatnam. Defence Minister Rajnath Singh will preside over the commissioning ceremony, marking the formal induction of the state-of-the-art vessel into the Eastern Naval Command.

    Designed and constructed by Hindustan Shipyard Limited (HSL), Visakhapatnam, Nistar represents a major milestone in the nation’s pursuit of Aatmanirbharta (self-reliance) in defence manufacturing. More than 120 Micro, Small, and Medium Enterprises (MSMEs) contributed to the construction of the vessel, helping achieve an impressive indigenous content of over 80 percent.

    With a length of approximately 120 meters and a displacement exceeding 10,000 tons, Nistar is equipped with cutting-edge technology to support deep-sea diving and submarine rescue missions. It features a Dynamic Positioning System for precise maneuverability, advanced Air and Saturation Diving Systems, underwater Remotely Operated Vehicles (ROVs), and Side Scan SONAR systems.

    Significantly, Nistar will serve as the ‘Mother Ship’ for the Deep Submergence Rescue Vehicle (DSRV), marking a major enhancement in India’s submarine rescue capabilities.

    Onboard medical facilities further strengthen the ship’s versatility, with an operation theatre, intensive care unit, eight-bedded hospital, and hyperbaric medical infrastructure designed to support critical rescue and diving operations. The vessel also boasts an endurance of over 60 days at sea, helicopter staging capability, and a 15-ton subsea crane.

    The new vessel carries forward the legacy of its predecessor – ex-Nistar, a submarine rescue vessel acquired from the erstwhile USSR in 1969, which served the Navy until the early 1990s. The new Nistar inherits her motto: Surakshita Yatharthta Shauryam – “Deliverance with Precision and Bravery.”

  • MIL-OSI NGOs: No More Compromise: Groups Push Australia to Finalise Strong and Binding Global Plastics Treaty

    Source: Greenpeace Statement –

    Today, 31 First Nations and environmental groups call on the Australian Government to continue pushing for a robust and ambitious Global Plastics Treaty ahead of negotiations recommencing in Geneva this August. 

    The only way to end ocean plastic pollution here at home and around the world is through bold and binding global action to cut plastic production and consumption, and take a full lifecycle approach to managing plastics – including plastic fishing and aquaculture gear. 

    Plastic pollution is now a global environmental disaster that impacts every corner of Australia’s coastline: 

    Recycling alone will not end plastic pollution. Voluntary pledges have failed. The only path forward is a strong and robust Global Plastics Treaty with ambitious and enforceable rules to end plastic pollution.

    Low ambition from a handful of countries with vested interests in plastic production cannot be allowed to derail this global opportunity to end plastic pollution. There is no time for compromise. Plastic pollution is choking our oceans, killing marine life, and threatening ecosystems from coast to coast. It is also entering our food chain, directly impacting seafood consumption by First Nations peoples and all Australians.

    We welcome the Australian Government’s renewed commitment to support a strong Global Plastics Treaty. The Australian Government must use all diplomatic means to finalise a strong, legally binding plastics treaty at INC-5.2. Now is the time to act – for our environment, for our climate, and for future generations.

    This statement is supported by:

    1. Australian Marine Conservation Society
    2. Dhimurru Aboriginal Corporation
    3. Vonda Malone Consultancy
    4. Boomerang Alliance
    5. OceanEarth Foundation
    6. Sea Shepherd
    7. Australian Microplastic Assessment Project (AUSMAP) 
    8. Total Environment Centre
    9. Plastic Collective
    10. No More Butts
    11. BeachPatrol 3280-3284
    12. Youth Plastic Action Network
    13. Take 3 for the Sea
    14. Ocean Impact Organisation 
    15. Australian Seabird and Turtle Rescue
    16. Clean Up Australia
    17. Adrift Lab
    18. Toys for Turtles, The University of Adelaide
    19. No Balloon Release Australia
    20. Plastic Free Foundation
    21. Ocean Conservancy
    22. Global Ghost Gear Initiative
    23. Tangaroa Blue Foundation
    24. Surfers for Climate
    25. Friends of the Earth Melbourne 
    26. Greenpeace Australia Pacific
    27. Marine Wildlife Rescue – Central Coast
    28. Surfrider Foundation Australia
    29. WWF-Australia
    30. Keep Top End Coasts Healthy
    31. Protect Ningaloo

    MIL OSI NGO –

  • MIL-OSI Asia-Pac: Local firms hit record 1.49m

    Source: Hong Kong Information Services

    The Companies Registry today announced that 84,293 local companies were newly registered during the first half of 2025, bringing the total number of registered local companies to an all-time high figure of 1,494,806.

          

    Meanwhile, 761 non-Hong Kong companies have newly established a place of business in the city and were registered under the Companies Ordinance. The total number of registered non-Hong Kong companies reached 15,509 as at the end of June, which is also a record high.

          

    In line with the Government’s policies on facilitating business as well as attracting enterprises and investments, two improvement measures for the Companies Ordinance came into operation during the first half of 2025.

     

    The first measure enabled listed companies incorporated in Hong Kong to hold shares bought back in the treasury and dispose of them. The second one introduced a company re-domiciliation regime in Hong Kong, offering non-Hong Kong corporations a simple and cost-effective route to re-domicile to the city while preserving their legal identity and operational continuity.

       

    From January to June, the number of charges on properties of companies received for registration was 5,970, while the number of notifications of payments and releases was 9,915. There were also 1,678,809 documents delivered to the registry for registration.

     

    For electronic search services, 2,615,652 searches of document image records were carried out.

     

    As for the licensing of trust or company service providers, 350 licences were granted, resulting in 6,971 licensees up to mid-2025.

    MIL OSI Asia Pacific News –

  • MIL-OSI Submissions: Australia Universities – UNSW leads global effort to protect iconic African river basin – UNSW

    Source: UNSW Sydney

    From Botswana, UNSW researchers have collaborated with international partners to protect the future of the Cubango-Okavango River Basin.

    UNSW Sydney researchers, as part of a PLuS Alliance initiative, recently joined 60 international delegates at a workshop in Botswana focused on protecting the Cubango-Okavango River Basin (CORB).

    Spanning Angola, Namibia and Botswana, the CORB is a large inland river basin that

    MIL OSI – Submitted News –

  • MIL-OSI Submissions: Pacific – Solomon Islands’ East Malaita Constituency retires 2024 CDF, submits 2025 annual work plan

    Source: Government of the Solomon Islands

    The East Malaita Constituency (EMC) has formally submitted its 2024 Constituency Development Fund (CDF) Expenditure Report to the Ministry of Rural Development (MRD), demonstrating a commitment to transparency, accountability, and compliance with the reporting obligations outlined in Section 29 of the CDF Act 2023.

    The submitted report details the disbursement of about $3.88 million in CDF funds allocated to each constituency for the 2024 financial year. The presentation was made by the Member of Parliament for EMC, Honourable Manasseh Maelanga.

    During the submission, Hon. Maelanga also presented the constituency’s 2025 Annual Work Plan (AWP), which outlines community development programs and initiatives aimed at improving livelihoods and fostering sustainable growth within the constituency.

    Representing the MRD, PS John Misite’e acknowledged the submission as a positive step forward.

    He emphasized that the Ministry remains committed to implementing the CDF legislation and providing guidance to ensure proper administration of constituency programs within this legal framework.

    PS Misite’e highlighted the importance of annual reports, including financial expenditure reports, as critical documents for organizational accountability and transparency, especially when public resources are involved.

    “These reports reinforce transparency and demonstrate accountability in the use of public funds,” he said.

    He also commended Hon. Maelanga and his constituency officers for their diligent efforts in fulfilling their reporting obligations.  He also thanked other constituencies that have already submitted their 2024 CDF reports.

    PS Misite’e called on remaining constituencies to submit their reports by July 31st, reiterating the urgency and importance of compliance. “I urge all constituencies to come forward with their reports soon,” he emphasized.

    Hon. Maelanga, on behalf of the people of East Malaita and his constituency officers, expressed his happiness in submitting the report and pledged ongoing support to the MRD to ensure annual compliance with legal reporting requirements.

    He noted that most of the EMC 2024 budget was allocated to road infrastructure, education support, medical assistance, administration, and other sectors vital to community development.

    Hon. Maelanga reaffirmed EMC’s commitment to its mandate and continued support and purpose to collaborate with MRD, other government agencies, and stakeholders to implement effective development initiatives that will improve the livelihoods of his constituents.

    He extended heartfelt gratitude to the Ministry, his constituency officers, stakeholders, communities, and all supporters of development initiatives undertaken under his leadership.

    The CDF Act 2023 was passed by Parliament on December 22, 2023, and came into effect on January 5, 2024. This legislation makes it clear that any offences committed by recipients of the CDF after this commencement date are subject to penalties.

    Penalties apply to constituents, Members of Parliament, and public officers who commit offences such as:

    Misappropriates any funds or assets from the fund; or
    Advances materials and cash from a supplier without prior approval from the responsible ministry; or
    Fraudulently converts project assets or materials to his own use or to the use of some other person; or
    Deliberately victimises non-voters by excluding them from receiving Constituency Development Funds projects and funds without justifiable grounds; or
    Assists or causes a person to misappropriate or apply the funds otherwise than in the manner provided in this Act and Regulations.

    With the new CDF legislation in place, it is the collective responsibility of all stakeholders to adhere to the law, ensuring proper use of funds and avoiding legal penalties.

    We should view this legislation not as a threat but as a guide to conduct and accountability in managing development funds or public resources.

    The primary purposes of the CDF Act 2023 are:

    To strengthen good governance;
    To ensure improved and effective delivery mechanisms of the Constituency Development Funds and
    To promote equal and inclusive participation of all Solomon Islanders in development.

    Constituents and the public are encouraged to consult their respective constituency offices should they need to get more information about how their constituency offices implement their Constituency Development Program (CDP).

    Constituency Development Program is a national programme of the Solomon Islands Government (SIG) administered by the Ministry of Rural Development (MRD).

    It is implemented by the 50 constituencies in the country purposely to improve the socio-economic livelihoods of Solomon Islanders.

    MIL OSI – Submitted News –