Category: Politics

  • MIL-OSI Video: UN Secretary-General Affirms Solidarity with Bangladesh and Rohingya Refugees | United Nations

    Source: United Nations (Video News)

    During his visit to Bangladesh, UN Secretary-General António Guterres underscored the “pivotal moment” the country is facing as it navigates a period of significant transition and reform. Mr. Guterres met with the Chief Adviser of the government, Muhammad Yunus in Dhaka, and other leaders.

    The Secretary-General’s visit, coinciding with the holy month of Ramadan, was an opportunity to express solidarity with both the Bangladeshi people and the Rohingya refugees who have found shelter in the country. Mr. Guterres visited the refugee camps in southern Cox’s Bazar, meeting with Rohingya refugees and participating in an Iftar meal with them and members of the host community in the evening.

    During his visit to the Rohingya refugee camps in southern Bangladesh, Mr. Guterres vowed to do everything in his power to prevent further hardship as drastic aid cuts threaten food supplies and other critical relief efforts.

    The UN Chief assures the people of Bangladesh that the United Nations stands ready to assist the country in fostering peace, national dialogue, trust and healing during this pivotal moment of political transition.

    https://www.youtube.com/watch?v=Mj2A_HY1Cdw

    MIL OSI Video

  • MIL-OSI United Kingdom: Just two weeks to go for many businesses to submit 2024 packaging data for pEPR

    Source: United Kingdom – Executive Government & Departments

    Press release

    Just two weeks to go for many businesses to submit 2024 packaging data for pEPR

    Obligated businesses must submit 2024 packaging data by 1 April 2025 under new extended producer responsibility for packaging (pEPR) scheme

    There are now just two weeks to go for businesses to submit 2024 packaging data under the new extended producer responsibility for packaging (pEPR) scheme. 

    Under legislation which came into force on 1 January 2024, large organisations must submit their July-December 2024 data by 1 April. 

    Small organisations must submit their January-December 2024 data in one annual submission by 1 April. 

    In addition, all obligated organisations, large and small, must also register with their environmental regulator by the same date. Guidance on how to register can be found here. 

    The data producers provide will be crucial in helping to ensure fees are set at an appropriate level.

    The Government is grateful to all those in industry who have engaged closely with pEPR and already submitted extensive data, helping to finetune the policy. If obligated packaging producers have neither reported their data nor registered, they could face enforcement action.

    To check whether they need to report packaging data, businesses should visit EPR: who is affected and what to do and, if necessary, follow the online instructions to access the new Report Packaging Data service. 

    pEPR will move the cost of dealing with household packaging waste away from taxpayers onto the businesses who produce the packaging.  

    It will incentivise businesses to reduce unnecessary packaging and use more recycled and recyclable packaging, leading to less waste to landfill and reducing the release of damaging CO2 emissions. 

    Dr Margaret Bates, head of the UK pEPR scheme administrator PackUK, said:

    The need for an effective pEPR scheme that shifts the cost of managing household packaging waste to producers has never been more critical. 

    We urge all businesses to check their obligations under pEPR and to report their data and register with environment regulators by 1 April. 

    Together, we will deliver a fair and collaborative scheme that addresses the challenges of packaging waste and lays the foundation for a more sustainable and responsible approach to packaging.

    If a firm or a member of the public suspects a business is not complying with the regulations, they should report this to the regulators by contacting them directly via the details listed below.  

    To report via a 24-hour telephone service, call 0800 80 70 60 for England, Scotland, Northern Ireland and 0300 065 3000 for Wales. All reports are treated with strict confidentiality, with the option to report anonymously.

    Updates to this page

    Published 17 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: How we protected the UK and space in February 2025

    Source: United Kingdom – Government Statements

    News story

    How we protected the UK and space in February 2025

    This report was issued in March 2025 and covers the time period 1 February 2025 to 28 February 2025 inclusive.

    February was a highly active month which saw uncontrolled re-entry alerts at their highest level since our records began. All NSpOC warning and protection services functioned as expected throughout the period.

    Re-entry Analysis

    February has seen an increase in the number of objects re-entering Earth’s atmosphere when compared to the previous month.  

    Chart showing number of re-entries monitored by month. March: 25, April: 22, May: 56, June: 48, July: 44, August: 89, September: 50, October: 35, November: 47, December: 83, January: 115, February: 129

    Of the 129 objects monitored for re-entry this month, 119 were satellites, 5 rocket bodies and 5 were classified as unknown objects, likely to be either a rocket body or a satellite

    In-Space Collision Avoidance

    Collision risks to UK-licenced satellites declined by 5% in January, but remained above the 12- month rolling average of 2,376.

    Chart showing number of collision risks to UK-licensed satellites monitored by month. March: 1,903, April: 1,899, May: 2,560, June: 1,881, July: 1,795, August: 2,137, September: 3,041, October: 3,181, November: 2,722, December: 2,142, January: 2,694, February: 2,567

    Number of Objects in Space

    There was an increase to the in-orbit population during January, with 380 newly catalogued objects added to the US Satellite Catalogue. 

    Chart showing number registered space objects by month. March: 28,478, April: 28,752, May: 28,850, June: 28,931, July: 28,917, August: 29,297, September: 29,678, October: 29,665, November: 29,826, December: 29,921, January: 29,985, February: 30,163

    110 newly catalogued objects were attributed to the SpaceX Transporter-12 mission, ranging from Earth imaging satellites to re-entry vehicles as well as a ‘selfie’ satellite.

    Fragmentation Analysis

    There were no new on-orbit fragmentations during February.

    Space weather

    Space weather was mostly minor to moderate throughout February, with some periods of increased activity. Key events this period included: 

    Early – Mid February:

    Frequent minor to moderate radio blackouts caused limited HF communication outages on the sunlit side of Earth. Isolated minor geomagnetic storms were triggered by fast solar winds but had limited impacts. Active high-energy electron fluence may have caused satellite charging. 

    23 February:

    A Strong (R3) radio blackout affected a wide area on the sunlit side, with possible minor disruptions to satellite navigation systems. 

    25 February: 

    A Minor (S1) radiation storm occurred, potentially causing occasional Single Event Upsets (SEUs). 

    Late February:

    Minor to moderate geomagnetic storms were recorded, likely causing minor satellite orientation issues.

    Comments

    The National Space Operations Centre combines and coordinates UK civil and military space domain awareness capabilities to enable operations, promote prosperity and protect UK interests in space and on Earth from space-related threats, risks and hazards

    Updates to this page

    Published 17 March 2025

    MIL OSI United Kingdom

  • MIL-OSI: MEXC Launches DeepLink Protocol (DLC) with Spot and Futures Trading, Offering 16,000,000 DLC & 149,000 USDT to Fuel Decentralized Cloud Gaming

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 17, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the listing of DeepLink Protocol (DLC) on both spot and futures markets, scheduled for March 18, 2025, at 12:00 (UTC). To celebrate the launch, MEXC is introducing an Airdrop+ rewards pool totaling 16,000,000 DLC & 149,000 USDT, reinforcing its commitment to supporting cutting-edge blockchain projects.

    Powering Decentralized Cloud Gaming: DeepLink Protocol (DLC) Now Listed on MEXC

    DeepLink Protocol is a decentralized cloud gaming platform powered by AI and blockchain technology, merging Artificial Intelligence, GPU computing, Real-World Asset (RWA) Tokenization, and Decentralized Physical Infrastructure Networks (DePINs) into a unified ecosystem. With ultra-low-latency game rendering, DeepLink enables cloud-based esports, cybercafés, AAA gaming, and immersive virtual experiences, enhancing resolution and clarity through AI-driven optimization. Backed by leading investors such as Amber, DePIN X, and NeoVentures, and with 2.6 million+ users and 1.4 million+ DLC holders, DeepLink is rapidly scaling its ecosystem and sponsoring major blockchain events like WebX, KBW, and TOKEN 2049.

    As a global exchange, MEXC actively supports projects across sectors such as gaming, AI, and DePIN by providing market access, liquidity, and broader exposure. By listing DeepLink Protocol (DLC), MEXC enables more users to capture the investment opportunities in this sector, contributing to the expansion of decentralized gaming within the Web3 ecosystem. Beyond listing, MEXC plays a key role in helping emerging projects build market traction. With an active trading community and deep liquidity, MEXC will support the growth of DLC, ensuring accessibility for both retail and institutional participants. Additionally, through marketing initiatives, ecosystem collaborations, and trading events, MEXC enhances DLC’s visibility, driving engagement among Web3 users and expanding its adoption. By integrating DLC into its diverse asset offerings, MEXC continues to provide a launchpad for innovative projects, bridging blockchain technology with real-world applications.

    Celebrate the DLC Listing with a 16,000,000 DLC & 149,000 USDT Prize Pool

    MEXC continues its mission to support innovative blockchain projects by listing DeepLink Protocol (DLC) in the Innovation Zone on March 18, 2025, at 12:00 (UTC). The DLC/USDT spot market will be available first, followed by the DLC USDT perpetual futures launch at 12:10 (UTC), offering up to 50x leverage in both cross and isolated margin modes.

    To mark the occasion, a 16,000,000 DLC & 149,000 USDT prize pool will be available through a series of exclusive events from March 17, 2025, at 10:00 (UTC) to March 27, 2025, at 10:00 (UTC).

    Event 1: Airdrop+ Rewards

    • Deposit and share 10,000,000 DLC & 99,000 USDT (New user exclusive)
    • Futures Challenge — Trade to share 50,000 USDT in futures bonuses (Open to all users)
    • Invite friends and share 6,000,000 DLC (Open to all users)

    Event 2: Spread the Word and Win DLC Rewards

    • Share the Airdrop+ event on social media between March 17 – March 23, 2025, and win additional DLC rewards.

    Your Easiest Way to Trending Tokens

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This content is provided by MEXC. 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. 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. 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.

    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 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b74b171-c6e8-4d8e-8920-80a3612c24a9

    The MIL Network

  • MIL-OSI: Barnwell Industries, Inc. Announces Sale of its Water Drilling Subsidiary for $1,050,000

    Source: GlobeNewswire (MIL-OSI)

    HONOLULU, March 17, 2025 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) (“Barnwell” or the “Company”) today announced the sale of its wholly owned subsidiary, Water Resources International, Inc. (“Water Resources”), a deep drilling and well pumping specialist in the exploration and development of groundwater resources for government, commercial and private clients in Hawaii, for $1,050,000. Proceeds from the sale will be used for general corporate purposes, with a focus towards reinvestment in the Company’s oil and gas operations. Revenues from the divested business, which was represented as the Company’s Contract Drilling segment, totaled approximately $3,162,000 for the trailing-twelve-months ended December 31, 2024.

    Strategic Rationale

    This transaction represents a further step in Barnwell’s plan for streamlining its holding company operations, simplifying its corporate and accounting structure. This transaction will allow Barnwell’s Board to proceed with its plans to meaningfully decrease general and administrative expenses and public company costs, including implementing such steps as transitioning personnel to Calgary or elsewhere, reducing the Company’s legacy footprint in Hawaii.

    The sale of Water Resources simplifies the equity story for Barnwell as investors will be able to focus on the significant opportunities the Company has identified in its oil and natural gas business. The combination of the proceeds from the sale of Water Resources and anticipated holding company savings also further improves Barnwell’s financial position and balance sheet, which has no bank debt.

    Management Commentary

    Mr. Craig D. Hopkins, Chief Executive Officer of Barnwell, commented, “The sale of Water Resources was an important strategic objective set by the Board of Directors that took significant time and effort to achieve. I am pleased that the current management team was able work collaboratively to deliver on this important initiative to streamline our business, reduce fixed cost, and focus on higher return opportunities.”

    Forward-Looking Statements

    The information contained in this press release contains “forward-looking statements,” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. A forward-looking statement is one which is based on current expectations of future events or conditions and does not relate to historical or current facts. These statements include various estimates, forecasts, projections of Barnwell’s future performance, statements of Barnwell’s plans and objectives, and other similar statements. Forward-looking statements include phrases such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “predicts,” “estimates,” “assumes,” “projects,” “may,” “will,” “will be,” “should,” or similar expressions. Although Barnwell believes that its current expectations are based on reasonable assumptions, it cannot assure that the expectations contained in such forward-looking statements will be achieved. Forward-looking statements involve risks, uncertainties and assumptions which could cause actual results to differ materially from those contained in such statements. The risks, uncertainties and other factors that might cause actual results to differ materially from Barnwell’s expectations are set forth in the “Forward-Looking Statements,” “Risk Factors” and other sections of Barnwell’s annual report on Form 10-K for the last fiscal year and Barnwell’s other filings with the Securities and Exchange Commission. Investors should not place undue reliance on the forward-looking statements contained in this press release, as they speak only as of the date of this press release, and Barnwell expressly disclaims any obligation or undertaking to publicly release any updates or revisions to any forward-looking statements contained herein.

    CONTACT:        

    Craig D. Hopkins
    Chief Executive Officer and President
    Phone: (403) 531-1560
    Email: info@bocl.ca

    Russell M. Gifford
    Executive Vice President and Chief Financial Officer
    Phone: (808) 531-8400
    Email: rmg@brninc.com

    The MIL Network

  • MIL-OSI United Kingdom: Council secures more than £3.4 million funding for warmer homes

    Source: City of York

    Published Friday, 14 March 2025

    Council leaders have confirmed that City of York Council will receive more than £3.4 million of funding thanks to 2 separate grants.

    The funding, announced this week by the Department for Energy Security and Net Zero, will be used to upgrade around 280 homes over the next 3 years, to reduce carbon emissions and fuel poverty and improve the comfort and health of council homes.

    The first grant of around £1.4 million will be used to improve the energy efficiency of around 140 council homes via the Warm Homes: Social Housing Fund.

    The second grant of around £2 million will be used to improve the energy efficiency of around 140 homes for lower income homeowners through the Warm Homes: Local Grant Scheme.

    These works build on improving 73 council homes to which 141 energy-efficiency measures have been installed. And they add to the 211 homes of lower-income owners to which have been added 241 new energy efficiency measures. The measures include:

    • loft, flat roof, external wall and cavity wall insulation
    • air source heat pumps
    • smart heating controls
    • solar photovoltaic panels to generate electricity

    To support eligible owners and landlords of draughty, listed buildings or of homes in conservation areas, the council’s Local Energy Advice Demonstrator (LEAD) Project has given 452 pieces of advice since November 2023. This project’s funding ends on 31 March 2025, so find out more about the LEAD Home Energy Advice Scheme, or call 01904 555520 or email: saveenergy@york.gov.uk.

    Cllr Michael Pavlovic, Executive Member for Housing at City of York Council, said:

    We know that making York’s homes warmer and better insulated is a huge benefit to residents, financially and in terms of the positive impact on their wellbeing.

    “With rising energy costs and continued concerns around climate change, it’s essential that these improvements are made as soon as possible so that residents will see the benefits for years to come.

    “For free advice, assessment and coordination of energy saving measures, York residents who aren’t eligible for the LEAD scheme, should contact YorEnergy by calling 01904 211221 or emailing: hello@yorenergy.co.uk.”

    Further details about how to apply for the next phase of retrofit works will be announced as soon as possible. Meanwhile, see more information about home energy efficiency.

    An update on the council’s retrofit programme was discussed at Executive on Tuesday, 11 March 2025.

    MIL OSI United Kingdom

  • MIL-OSI Video: UK Women in the Armed Forces: Follow-up – Defence Committee

    Source: United Kingdom UK Parliament (video statements)

    The Defence Committee is assessing progress on its predecessor Committee’s work on women in the Armed Forces, hearing from witnesses across the Ministry of Defence (MOD) including the chiefs of the Army, Navy and Air Force.  

     In July 2021 the Committee published a report “Protecting Those Who Protect Us: Women in the Armed Forces from Recruitment to Civilian Life”, led by Sarah Atherton. The report found that the Ministry of Defence and Armed Forces were failing to protect female personnel and support Servicewomen to achieve their full potential. 

    Read the 2021 report here: https://committees.parliament.uk/committee/24/defence-committee/news/156892/report-protecting-those-who-protect-us-women-in-the-armed-forces-from-recruitment-to-civilian-life/#:~:text=The%20Defence%20Sub%2DCommittee%20on,from%20Recruitment%20to%20Civilian%20Life%22.&text=The%20inquiry%20is%20one%20of,almost%20unprecedented%20level%20of%20engagement

    Key witness: Alistair Carns DSO OBE MC MP – Parliamentary Under-Secretary of State (Minister for Veterans and People)

    https://www.youtube.com/watch?v=JYrRS74TxzQ

    MIL OSI Video

  • MIL-OSI Economics: Secretary-General of ASEAN presides over the IAI Attachment Programme welcoming Timor-Leste’s Participation for the first time

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today officially launched the IAI Attachment Programme, at the ASEAN Headquarters/ASEAN Secretariat by welcoming a new batch of Attachment Officers (AOs) from Cambodia, Lao PDR, Myanmar, Viet Nam (CLMV), and Timor-Leste, for the first time. Supported by the Government of Japan through the Japan-ASEAN Integration Fund (JAIF), the programme aims to enhance the capacity of government officials from CLMV and Timor-Leste by immersing them in the work of the ASEAN Secretariat.

    This year marked a historic milestone with the participation of Timor-Leste for the first time, reflecting ASEAN’s commitment to supporting Timor-Leste’s capacity-building as it prepares for full ASEAN membership.

    In his opening remarks, SG Dr. Kao highlighted the importance of the IAI Attachment Programme in strengthening institutional capacities and fostering regional integration. He emphasised that the knowledge and experiences gained through this programme will enable AOs to contribute more effectively to their respective countries. He further expressed his appreciation to the Government of Japan for its long-standing support in narrowing development gaps within ASEAN.

    Japan’s Ambassador to ASEAN, H.E. Ambassador Kiya Masahiko, reaffirmed Japan’s commitment to ASEAN’s integration efforts. He underscored the critical role of human resource development in enhancing ASEAN’s competitiveness and sustainability, reaffirming Japan’s support for inclusive development and capacity building initiatives.

    The one-year IAI Attachment Programme provides AOs with first-hand experience in various divisions under the ASEAN Political-Security Community Department, ASEAN Economic Community Department, and ASEAN Socio-Cultural Community Department, allowing them to gain a deeper understanding of ASEAN processes, policies, and cooperation mechanisms. The initiative is part of the broader IAI Work Plan IV (2021-2025), which seeks to support ASEAN’s goal to narrow the development gaps in the region.

    Download the full remarks here.

    ###

    The post Secretary-General of ASEAN presides over the IAI Attachment Programme welcoming Timor-Leste’s Participation for the first time appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI Economics: Samsung Elevates Home Art Experiences With New Art Basel Hong Kong Collection

    Source: Samsung

    ▲ Zhu Jinshi’s This Triptych is as Gorgeous as the Autumn in a Scented Room (2023) shown on Neo QLED 8K by Samsung.
     
    Samsung Electronics, the Official Art TV of Art Basel, today announced that it is bringing contemporary masterpieces from galleries exhibiting at Art Basel Hong Kong 2025 to a global audience. Starting today, subscribers of the Samsung Art Store, a premium digital art platform exclusively available on Samsung TVs, will have access to a curated collection of 23 select works from Art Basel’s galleries, some of which will be displayed at the highly anticipated fair, taking place from March 28-30,1 2025 at the Hong Kong Convention & Exhibition Centre.
     
    The Samsung Art Store is home to 3,000+ works from world-renowned museums, galleries and artists. Subscribers can explore expertly curated masterpieces in stunning 4K resolution to bring the program of Art Basel galleries into their homes. The Art Basel Hong Kong collection includes renowned artworks such as Zhu Jinshi’s “This Triptych is as Gorgeous as the Autumn in a Scented Room,” Ticko Liu’s “Enduring as the Universe,” Jimok Choi’s “Shadow of the Sun,” Bae Yoon Hwan’s “Green Bear,” and more.
     
    “Samsung Art Store is making fine art more accessible than ever, bringing the premier artworks presented by leading international galleries at Art Basel Hong Kong directly into people’s homes,” said Bongjun Ko, Vice President of Samsung Electronics’ Visual Display Business. “We are proud to expand this experience to more Samsung TV owners worldwide, allowing them to enjoy world-class artwork in stunning 4K quality with just a few clicks.”
     
     
    Bringing the Art Basel Experience to Samsung TVs
    ▲ Ticko Liu’s Enduring as the Universe (2024) shown on Neo QLED 8K by Samsung.
     
    Art Basel stages the world’s premier art shows for modern and contemporary art, sited in Hong Kong, Basel, Paris and Miami Beach. Through the Samsung Art Store, a curated selection of these masterpieces is now available beyond the exhibition halls, allowing art lovers worldwide to experience select artworks presented by leading international galleries at Art Basel – all from the comfort of their homes.
     
    To further highlight the intersection of art and technology, Samsung will present an interactive lounge, titled ArtCube,2 at Art Basel Hong Kong on March 28-30. The showcase will demonstrate how The Frame, MICRO LED and Neo QLED 8K redefine digital art experiences by displaying artwork, including those from the Art Basel collection in breathtaking detail. Under the theme “Borderless, Dive into the Art,” ArtCube visitors will engage with Samsung Art Store’s exclusive collections, bridging the gap between physical and digital art.
     
    In addition to its ArtCube Lounge experience, Samsung presents a series of panel discussions highlighting influential voices from the contemporary art scene. Daria Greene, Head of Content and Curation at Samsung leads each engaging one-on-one dialogue. The conversations feature Hayley Romer, Chief Growth Officer of Art Basel, and Marc Dennis, an American artist known for his hyper-realistic paintings.
     
     
    Expanding Samsung’s Digital Art Leadership
    While previously exclusive to The Frame and MICRO LED, the Samsung Art Store will soon be available on 2025 Samsung AI-powered Neo QLED and QLED TVs,3 as part of Samsung’s mission to bring world-class art to an even bigger audience. In addition to the Art Basel Hong Kong collection, Samsung will continue its partnership with one of the world’s most prestigious art fairs by introducing exclusive artworks from Art Basel’s Basel and Paris collections later this year.
     
    “We are proud to partner with Samsung Art Store on the 2025 Art Basel Hong Kong collection – extending Art Basel Hong Kong’s best-in-class cultural experience beyond the halls of the show, and creating new, year-round opportunities for ever broader audiences to engage with Art Basel’s distinguished international program of galleries and their artists,” said Noah Horowitz, CEO of Art Basel.
     
    The Art Basel Hong Kong collection features works from 17 globally acclaimed artists, including Jimok Choi, Bae Yoon Hwan, Stephen Wong Chun Hei, Ticko Liu, Alasie Inoue, Tromarama, Damian Elwes, Zhu Jinshi, Nakai Katsumi, Cao Yu, Hamra Abbas, Nabil Nahas, Owen Fu, Sophie von Hellermann, Chow Chun Fai, Gillian Ayres and Gongkan.
     
    For more information, visit www.samsung.com.
     
     
    * The content has been revised to provide more accurate information.
     
     
    About Art Basel
    Founded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report and the Art Basel Awards. Art Basel’s Global Lead Partner is UBS. For further information, please visit artbasel.com.
     
     
    1 Event is open to the public from March 28-30, after VIP opening from March 26-27.2 Samsung Lounge ‘ArtCube’ will be located in L3, the main exhibition floor inside the Hong Kong Convention and Exhibition Center.3 For models Q7F and above.

    MIL OSI Economics

  • MIL-OSI Banking: Samsung Elevates Home Art Experiences With New Art Basel Hong Kong Collection

    Source: Samsung

    ▲ Zhu Jinshi’s This Triptych is as Gorgeous as the Autumn in a Scented Room (2023) shown on Neo QLED 8K by Samsung.
     
    Samsung Electronics, the Official Art TV of Art Basel, today announced that it is bringing contemporary masterpieces from galleries exhibiting at Art Basel Hong Kong 2025 to a global audience. Starting today, subscribers of the Samsung Art Store, a premium digital art platform exclusively available on Samsung TVs, will have access to a curated collection of 23 select works from Art Basel’s galleries, some of which will be displayed at the highly anticipated fair, taking place from March 28-30,1 2025 at the Hong Kong Convention & Exhibition Centre.
     
    The Samsung Art Store is home to 3,000+ works from world-renowned museums, galleries and artists. Subscribers can explore expertly curated masterpieces in stunning 4K resolution to bring the program of Art Basel galleries into their homes. The Art Basel Hong Kong collection includes renowned artworks such as Zhu Jinshi’s “This Triptych is as Gorgeous as the Autumn in a Scented Room,” Ticko Liu’s “Enduring as the Universe,” Jimok Choi’s “Shadow of the Sun,” Bae Yoon Hwan’s “Green Bear,” and more.
     
    “Samsung Art Store is making fine art more accessible than ever, bringing the premier artworks presented by leading international galleries at Art Basel Hong Kong directly into people’s homes,” said Bongjun Ko, Vice President of Samsung Electronics’ Visual Display Business. “We are proud to expand this experience to more Samsung TV owners worldwide, allowing them to enjoy world-class artwork in stunning 4K quality with just a few clicks.”
     
     
    Bringing the Art Basel Experience to Samsung TVs
    ▲ Ticko Liu’s Enduring as the Universe (2024) shown on Neo QLED 8K by Samsung.
     
    Art Basel stages the world’s premier art shows for modern and contemporary art, sited in Hong Kong, Basel, Paris and Miami Beach. Through the Samsung Art Store, a curated selection of these masterpieces is now available beyond the exhibition halls, allowing art lovers worldwide to experience select artworks presented by leading international galleries at Art Basel – all from the comfort of their homes.
     
    To further highlight the intersection of art and technology, Samsung will present an interactive lounge, titled ArtCube,2 at Art Basel Hong Kong on March 28-30. The showcase will demonstrate how The Frame, MICRO LED and Neo QLED 8K redefine digital art experiences by displaying artwork, including those from the Art Basel collection in breathtaking detail. Under the theme “Borderless, Dive into the Art,” ArtCube visitors will engage with Samsung Art Store’s exclusive collections, bridging the gap between physical and digital art.
     
    In addition to its ArtCube Lounge experience, Samsung presents a series of panel discussions highlighting influential voices from the contemporary art scene. Daria Greene, Head of Content and Curation at Samsung leads each engaging one-on-one dialogue. The conversations feature Hayley Romer, Chief Growth Officer of Art Basel, and Marc Dennis, an American artist known for his hyper-realistic paintings.
     
     
    Expanding Samsung’s Digital Art Leadership
    While previously exclusive to The Frame and MICRO LED, the Samsung Art Store will soon be available on 2025 Samsung AI-powered Neo QLED and QLED TVs,3 as part of Samsung’s mission to bring world-class art to an even bigger audience. In addition to the Art Basel Hong Kong collection, Samsung will continue its partnership with one of the world’s most prestigious art fairs by introducing exclusive artworks from Art Basel’s Basel and Paris collections later this year.
     
    “We are proud to partner with Samsung Art Store on the 2025 Art Basel Hong Kong collection – extending Art Basel Hong Kong’s best-in-class cultural experience beyond the halls of the show, and creating new, year-round opportunities for ever broader audiences to engage with Art Basel’s distinguished international program of galleries and their artists,” said Noah Horowitz, CEO of Art Basel.
     
    The Art Basel Hong Kong collection features works from 17 globally acclaimed artists, including Jimok Choi, Bae Yoon Hwan, Stephen Wong Chun Hei, Ticko Liu, Alasie Inoue, Tromarama, Damian Elwes, Zhu Jinshi, Nakai Katsumi, Cao Yu, Hamra Abbas, Nabil Nahas, Owen Fu, Sophie von Hellermann, Chow Chun Fai, Gillian Ayres and Gongkan.
     
    For more information, visit www.samsung.com.
     
     
    * The content has been revised to provide more accurate information.
     
     
    About Art Basel
    Founded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, and Paris. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report and the Art Basel Awards. Art Basel’s Global Lead Partner is UBS. For further information, please visit artbasel.com.
     
     
    1 Event is open to the public from March 28-30, after VIP opening from March 26-27.2 Samsung Lounge ‘ArtCube’ will be located in L3, the main exhibition floor inside the Hong Kong Convention and Exhibition Center.3 For models Q7F and above.

    MIL OSI Global Banks

  • MIL-OSI Global: Who does Spiderman vote for? Study shows people project their political views onto fictional heroes and villains

    Source: The Conversation – UK – By Stuart J. Turnbull-Dugarte, Associate Professor in Quantitative Political Science, University of Southampton

    From a very young age, we’re socialised to view the world as being made up of “goodies” and “baddies”. When you’re a child fooling around with your friends in the playground, nobody ever wants to be the baddy. And when it comes to dressing up, everybody wants to be Luke Skywalker – not Darth Vader.

    This oversimplified way of viewing the world as being made up of right and wrong or good people and bad people doesn’t dissipate as we grow older. If anything, it tends to solidify as we form the social identities that define who we are in adult life.

    This is particularly the case when it comes to our political identities and, specifically, the partisan identities and loyalties that individuals attach themselves to.

    Partisanship is one hell of a powerful force. Not only does sticking a party label under a candidate determine whether we support them or not – often regardless of what the individual candidate actually stands for – but it also shapes how we view the state of the country and economy. Note how Democrats’ view of how the US economy was doing tanked the day Donald Trump took office, while Republicans’ positivity about the same economy spiked.


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    Our partisanship can also affect who we choose to socialise with, who we share a beer with, and who we date. There is even evidence that it affects who gets hired and who doesn’t. Knowing who your neighbour votes for and if they vote for “your team” shapes your view of them as good or bad.

    In a new study, I show that the reverse is also true. Knowing someone is good or bad shapes if we think they are one of “us” or one of “them”. In other words, partisans project their own political identities onto people they view as good, and project the political identities of their opponents onto those they dislike.

    Who do Darth Vader and Cinderella vote for?

    The first part of the study involved a social experiment that applied a political twist on a childish game. In a representative survey of thousands of respondents from both the US and UK, participants were shown images of fictional characters. These were heroes like Harry Potter and Spiderman, or villains like Scar from Disney’s The Lion King and Joffrey Baratheon from Game of Thrones.

    Participants were then asked to guess each character’s political affiliation. What emerged was a striking pattern: participants thought that heroes voted for the same party as them, and that villains voted for the opposing party.

    Essentially, US Democrats consistently thought Harry Potter and his friends Ron and Hermione voted Democrat, whereas Republicans consistently thought they voted Republican. Similar behaviour was expected of heroes (and the opposite of villains) from across a whole host of characters from different film and fiction.

    Percentages who thought each character voted for ‘their’ party:

    Heroes in pink, villains in blue: how we think fictional characters vote.
    Stuart Turnbull-Dugarte, CC BY-ND

    Participants thought Spiderman, Cinderella, Yoda, Aladdin, Brienne of Tarth, Gandalf and Captain America shared their political views. They dismissed Kylo Ren, Ursula the sea witch, Cersei Lannister and Thanos as siding with their political opposition.

    Participants were also asked to read a short story about a local politician. In one version of the story, the politician was depicted as a generous figure who donated money to charity. In another, the same politician was shown in a negative light, and as having been accused of corruption. At no point in the story was the partisanship of the politician mentioned.

    Despite the absence of any direct mention of partisanship, respondents falsely “remembered” the politician’s party affiliation in a way that aligned with the moral tone of the story. Labour-voting participants who read the generous politician story said they remembered it was about a Labour politician. Conservative-voting participants reading the same story said they remembered it being about a Conservative politician. The reverse pattern was observed among participants who read the corrupt politician story.

    These results are striking. Even when there is nothing to be remembered and participants could say that partisanship wasn’t part of the story, voters read what they wanted between the lines based on their own tribal political identities.

    These studies demonstrate that partisan identities undermine voter rationality. Politically motivated projection – assuming those who are good must be one of “us” and those who are bad must be one of “them” – doesn’t just shape how we view others; it reinforces and consolidates partisan divisions.

    If we assume the person who lives next door is a lousy neighbour because they vote for our political opponents, and simultaneously assume the person who lives down the street votes for our political opponents because they are a lousy neighbour, then we very quickly fall into a scenario where our politically tribal instincts feel increasingly justified.

    This cycle of political villainisation deepens divides, making it harder to find common ground. If we continue to let partisanship shape not just how we vote but how we see each other, we risk turning those who don’t share our political views into our enemies.

    Stuart J. Turnbull-Dugarte has received funding from the British Academy and the Leverhulme Trust

    ref. Who does Spiderman vote for? Study shows people project their political views onto fictional heroes and villains – https://theconversation.com/who-does-spiderman-vote-for-study-shows-people-project-their-political-views-onto-fictional-heroes-and-villains-252221

    MIL OSI – Global Reports

  • MIL-OSI Global: Chewing gum is plastic pollution, not a litter problem

    Source: The Conversation – UK – By David Jones, Sessional Teaching Fellow, School of the Environment and Life Sciences, University of Portsmouth

    Wirestock Collection/Shutterstock

    Thousands of tonnes of plastic pollution could be escaping into the environment every year … from our mouths. Most chewing gum on sale is made from a variety of oil-based synthetic rubbers – similar to the plastic material used in car tyres.

    If you find that thought slightly unsettling, you are not alone. I have been researching and speaking about the plastic pollution problem for 15 years. The people I talk to are always surprised, and disgusted, when they find out they’ve been chewing on a lump of malleable plastic. Most manufacturers just don’t advertise what gum is actually made of – they dodge around the detail by listing “gum base” in the ingredients.

    There’s no strict definition of synthetic gum base. Chewing gum brand, Wrigley Extra partners with dental professionals around the world to promote the use of sugar-free chewing gum to improve oral health.

    The brand’s Wrigley Oral Health Program states that: “Gum base puts the “chew” in chewing gum, binding all the ingredients together for a smooth, soft texture. We use synthetic gum base materials for a consistent and safe base that provides longer-lasting flavour, improved texture, and reduced tackiness.“

    It almost sounds harmless. But chemical analysis shows that gum contains styrene-butadiene (the durable synthetic chemical used to make car tyres), polyethylene (the plastic used to make carrier bags and bottles) and polyvinyl acetate (woodglue) as well as some sweetener and flavouring.

    The chewing gum industry is big business, worth an estimated US$48.68 billion (£37.7 billion) in 2025. Three companies own 75% of the market share, the largest of which is Wrigley, with an estimated 35%. There are few reliable statistics available about the amount of gum being produced, but one peer-reviewed global estimate states 1.74 trillion pieces are made per year.

    I examined several types of gum and found that the most common weight of an individual piece of gum is 1.4g – that means that globally, a staggering 2.436 million tonnes of gum are produced each year. About a third (30%) of that weight, or just over 730,000 tonnes, is synthetic gum base.

    If the idea of chewing plastic isn’t disturbing enough, consider what happens after you spit it out. Most people have experienced discarded gum under bench seats, school desks and on street pavements. But, like other plastics, synthetic chewing gum does not biodegrade and can persist in the environment for many years.

    In the environment it will harden, crack and breakdown into microplastics but this can take decades. Cleaning it up is not cheap because it is labour intensive. The average cost is £1.50 per square metre and estimates suggest that the annual clean-up cost for chewing gum pollution for councils in the UK is around £7 million.

    There have been some efforts to address the problem. In many public locations around the UK, gum collection pots supplied by Dutch company Gumdrop Ltd have been installed to collect and recycle used gum. Signage provided by councils encouraging responsible disposal is also now a regular feature in some UK high streets, and there is a growing number of small producers offering plant-based alternatives.

    In the UK, the environmental charity Keep Britain Tidy launched the chewing gum task force in 2021. This collaboration involves three major manufacturers who have committed to investing up to £10 million in order to clean up “historic gum staining and changing behaviour so that more people bin their gum”.




    Read more:
    Car tyres shed a quarter of all microplastics in the environment – urgent action is needed


    But, here lies the crux of the issue.

    The first objective implies that cleaning up gum is a solution to this form of plastic pollution; it isn’t. Manufacturers making a financial contribution to clean-up efforts is like plastic manufacturers paying for litter pickers and bin bags at volunteer beach cleans. Neither addresses the root cause of the problem.

    Binning gum is not the solution either. Addressing gum as a plastic pollutant dictates that the prevention of gum pollution should include the well-known tenets, like all plastic pollution, of reduce, reuse, recycle and redesign. It is not only a disposal issue.

    Another issue that I have uncovered is definition. In the two annual reports published by the gum litter task force since its inception, there is no mention of the word pollution. The distinction between litter and pollution is important. By calling it chewing gum pollution, the narrative changes from an individual negligence issue to a corporate one. That places an onus for accountability onto the producers rather than the consumers.

    Single-use solutions

    Like single-use plastic items, chewing gum pollution needs to be tackled from all angles – education, reduction, alternatives, innovation, producer responsibility, and legislation.

    Educating people about the contents of gum and the environmental consequences those ingredients have will reduce consumption and encourage better disposal habits. More transparent labelling on packaging would empower shoppers to make informed choices. Stricter regulations can hold manufacturers to account – a levy tax on synthetic gum can help pay for clean ups. In turn, this would incentivise more investment in plant-based gums and other sustainable alternatives.

    We can all reduce the environmental consequences of this plastic pollution by kicking the gum habit, calling on councils to enforce stricter pollution penalties and encouraging governments to put a tax levy on manufacturers to fund clean ups and force them to list the contents of gum base.

    Throwing away any non-disposable, inorganic products is unsustainable. Chewing gum pollution is just another form of plastic pollution. It’s time we start treating it as such.


    Don’t have time to read about climate change as much as you’d like?

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    David Jones is affiliated with the marine conservation charity Just One Ocean

    ref. Chewing gum is plastic pollution, not a litter problem – https://theconversation.com/chewing-gum-is-plastic-pollution-not-a-litter-problem-251662

    MIL OSI – Global Reports

  • MIL-OSI Africa: Ministry of Digital Transition and Administration Reform, the Digital Development Agency and GITEX Africa Morocco 2025 organiser announce the landmark third edition in Marrakech

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

    RABAT, Morocco, March 17, 2025/APO Group/ —

    Under the High Patronage of His Majesty King Mohammed VI, May God Assist Him, the Ministry of Digital Transition and Administration Reform, in partnership with the Digital Development Agency (ADD) and KAOUN International, has officially announced the much-anticipated third edition of GITEX Africa Morocco (www.GITEXAfrica.com), set to take place from April 14 to 16, 2025, in the vibrant city of Marrakech. As Africa’s largest and most influential technology and startup event, GITEX Africa Morocco stands as a beacon of innovation, fostering investment, technological breakthroughs, and economic transformation across the continent.

    With the resounding success of previous editions, GITEX Africa Morocco 2025 is poised to be bigger, bolder, and more transformative than ever before. This year’s event will feature specialized industry summits, exclusive creative industry activations, and high-impact networking forums, all meticulously designed to connect government officials, industry pioneers, investors, and entrepreneurs in groundbreaking discussions and collaborations. With a reinforced focus on Africa’s digital public infrastructure, emerging AI ecosystems, and cutting-edge technological advancements, this edition will further establish Africa as a key player in the global tech landscape.

    Key features of GITEX Africa Morocco 2025

    Pioneering industry-centric initiatives

    Among the most highly anticipated additions to GITEX Africa Morocco 2025 is the Africa Future Connectivity Summit, an exclusive assembly for leaders in telecommunications, cloud computing, and data centers. This summit will delve into the far-reaching impact of broadband expansion, 5G deployment, and cloud-driven advancements, fostering strategic public-private partnerships that will shape Africa’s digital future.

    Bridging global African innovation

    Another key addition to GITEX Africa Morocco 2025 is the Diaspora Studio, a dedicated hub designed to unite African innovators across the world. This initiative aims to unlock investment opportunities, cross-border partnerships, and knowledge-sharing between the African diaspora and local tech ecosystems. By engaging with venture capitalists, startup incubators, and leading research institutions, this platform will serve as a powerful conduit for advancing Africa’s technological leadership on the world stage.

    Government leadership and global collaboration

    The Moroccan government remains a steadfast advocate for GITEX Africa Morocco’s growth, reinforcing its vision of establishing Morocco as a premier digital hub in Africa, in line with the High Instructions of His Majesty King Mohammed VI who stressed the necessity for Africa to be actively engaged in the digital transformation the world is witnessing today. The event will host high-level government representatives, regulatory bodies, and technology industry leaders, driving pivotal conversations on AI governance, digital regulations, and the policies defining Africa’s innovation landscape.

    H.E. Amal El Fallah Seghrouchni, Minister Delegate in Charge of Digital Transition and Administration Reform, Government of Morocco, emphasized the government’s dedication to this mission, stating: “Following the success of the 2024 edition, Morocco is proud to host the 3rd edition of GITEX AFRICA, reaffirming its role as a key enabler of Africa’s digital transformation. Under the High Patronage of His Majesty King Mohammed VI, may God assist Him, and with the strong commitment of the Moroccan Government, this edition will introduce strategic sectors such as EdTech, AgriTech, HealthTech, and SportsTech, reinforcing Africa’s position as a global hub for innovation. GITEX AFRICA 2025 will bring together industry leaders, innovators, and policymakers to foster high-impact collaborations and accelerate the continent’s integration into the global digital economy. Morocco remains committed to driving Africa’s technological future through innovation, investment, and strategic partnerships.”

    In addition to strong government support, the private sector is also demonstrating its commitment to Africa’s economic growth, with notably the International Finance Corporation (IFC) joining GITEX Africa as the Economic Development Partner. IFC’s involvement underscores its dedication to fostering sustainable investment and driving the continent’s digital transformation.

    The International Finance Corporation (IFC) will make a landmark appearance at GITEX Africa 2025, highlighting the intersection of global investment, technology, and entrepreneurship. A keynote from IFC’s Managing Director, Makhtar Diop, will address Africa’s economic evolution and the role of tech-driven growth. This engagement underscores the continent’s rising digital economy and the drive for scalable innovation in fintech and agribusiness.

    Additionally, SheWins Africa, an IFC initiative will be featured, reinforcing its mission to empower women-led startups and drive inclusive economic growth across the continent.

    Expanding sustainability and digital impact

    As GITEX Impact continues to grow, the 2025 edition will expand beyond its traditional focus on agritech, climate, and water technologies to encompass energy transition, mobility, edutech, and sports technologies. These pivotal sectors are instrumental in shaping Africa’s sustainable economic development, reinforcing GITEX Africa Morocco’s commitment to utilizing technology as a force for social and economic transformation.

    Mr. Mohammed Drissi Melyani, Director General of ADD saidGITEX Africa Morocco has become the continent’s foremost platform for digital transformation, facilitating the exchange of expertise and best practices in technological innovation while strengthening the global competitiveness of Africa’s public and private ecosystems.

    This third edition arrives at a crucial juncture, aligning with the worldwide acceleration of digital transition. GITEX Africa Morocco will address key challenges related to the resilience of the digital economy by showcasing strategic sectors such as Artificial Intelligence, Industry 4.0, IoT, Cloud, Cybersecurity, Fintech, Edutech, Agritech, Health Tech, Smart Cities, and E-Government, all in full alignment with the Sustainable Development Goals. As a global technology gathering, its overarching mission is to explore the boundless potential of digital innovation and its transformative impact, paving the way for a more inclusive and responsible future.”

    With an expanded presence of over 1,400 exhibitors from 130+ countries, GITEX Africa Morocco 2025 is expected to attract thousands of technology professionals, entrepreneurs, and investors, providing unparalleled opportunities for networking, deal-making, and knowledge exchange. The event will serve as the foremost platform for showcasing breakthrough innovations across AI, fintech, cybersecurity, health tech, smart cities, and digital transformation.

    KAOUN International, the overseas events company of Dubai World Trade Centre (DWTC) and organiser of GITEX events globally, is spearheading the event’s evolution as a world-class technology showcase. Trixie LohMirmand, CEO of KAOUN International, underscored the significance of this year’s edition, stating, “GITEX Africa’s momentum is advancing as new partnerships are forged and new industry sectors are explored to broaden the impact on the Africa’s digital landscape.

    To harness the positive outcomes from these initiatives, necessitate commitment and resilience from private and public stakeholders. We are confident GITEX AFRICA shall play a significant role in actuating and fast tracking the leverage of tech and adoption of AI in these vital sectors of economies.”

    Seizing the future of Africa’s digital revolution

    As Africa’s digital economy surges—projected to contribute $712 billion to the continent’s GDP by 2050—GITEX Africa Morocco 2025 presents a historic opportunity to engage with the continent’s brightest innovators, industry leaders, and global stakeholders. With Africa’s startup ecosystem poised to attract over $5 billion in venture capital investments, coupled with an expanding tech-savvy workforce, the continent is primed for rapid technological acceleration.

    GITEX Africa Morocco 2025 is the stage where the future of Africa’s digital economy takes shape. Don’t miss your chance to be part of this transformative event. Register now to attend or exhibit at www.GITEXAfrica.com, and secure your position at the center of Africa’s most influential technology gathering.

    Join us in Marrakech from April 14 to 16, 2025, as we chart the next chapter of Africa’s digital revolution and redefine the continent’s role in the global AI economy.

    MIL OSI Africa

  • MIL-OSI Global: Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous

    Source: The Conversation – Global Perspectives – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    A fire at a nightclub in North Macedonia has killed at least 59 people and injured more than 150. The blaze broke out at the Pulse nightclub in Kočani, where around 500 people were attending a concert.

    Witnesses reported that pyrotechnics used during the performance ignited the ceiling, causing flames to spread rapidly.

    Authorities have arrested 20 people so far, including the club’s manager. Investigations continue. The North Macedonian government has declared a seven-day mourning period.

    While building fires are not limited to nightclubs, many of the most devastating building fires in history have happened in nightclubs around the world. So why are nightclubs such a risky place for deadly fires?

    A long history of nightclub fires

    A look at past nightclub fires shows just how common and deadly they’ve been in the past 100 years. We identified at least 24 nightclub fires where ten or more people died since 1940.

    Collectively, these 24 incidents account for at least 2,800 deaths, with nearly 1,300 in the 21st century alone.

    The Cocoanut Grove fire (Boston, 1942) remains the deadliest on record, killing 492 people. The club’s flammable decorations and locked exits turned what should have been an ordinary night out into one of the worst fire disasters in history.

    In Argentina, the República Cromañón fire killed 194 people in 2004, caused by pyrotechnics igniting flammable materials inside the club.

    The Kiss nightclub fire in Brazil in 2013 was even deadlier, claiming 242 lives.

    More recently, Thailand’s Mountain B nightclub fire killed 23 people in 2022.

    And in 2023, 13 people died in a fire at the Fonda Milagros nightclub in Spain.

    Now, North Macedonia’s Pulse nightclub joins this long list.

    Why are nightclubs so risky for fires?

    A review of past nightclub fires we’ve collated in our database reveals common patterns. Two key factors have contributed to the frequency and severity of these fire disasters.

    1. Pyrotechnics, fireworks and flammable materials

    One of the most common causes of nightclub fires has been the use of pyrotechnics in enclosed spaces. Pyrotechnics are controlled chemical reactions designed to produce flames, smoke, or light effects.

    They have been involved in at least six of the deadliest nightclub fires, including the recent Pulse nightclub fire in North Macedonia, as well as The Station (United States, 2003), Kiss (Brazil, 2013), Colectiv (Romania, 2015), Lame Horse (Russia, 2009) and República Cromañón (Argentina, 2004).

    When used indoors, pyrotechnics can easily ignite flammable ceiling materials, acoustic foam, or decorations.

    In some cases, fireworks – which are different from stage pyrotechnics and sometimes illegally used indoors – have played a role. The Lame Horse nightclub fire, which killed 156 people in Russia in 2009, was caused by a spark from fireworks igniting a low ceiling covered in flammable plastic decorations.

    Even when fires don’t start from pyrotechnics or fireworks, the materials used in nightclub interiors can rapidly turn a small fire into a major disaster.

    Foam insulation, wooden panelling, plastic decorations and carpeted walls have all been key factors in past nightclub fires. In Cocoanut Grove (Boston, 1942), artificial palm trees and other flammable decorations accelerated the blaze.

    2. Overcrowding and blocked or insufficient exits

    Evacuation failures have been a factor in nearly every major nightclub fire.

    In some instances, crowds may not immediately recognise the severity of the situation, especially if they mistake alarms for false alarms or special effects (for example, smoke machines, loud music).

    Further, patrons could be intoxicated due alcohol or other drugs. Intoxication combined with potential disorientation due to dim lighting can further reduce judgement during an evacuation.

    Clearly, the best way to protect patrons is to prevent a fire from breaking out in the first place. But in settings where fire risks are inherently high, the ability to evacuate people swiftly is crucial.

    Nightclubs, however, have a poor track record when it comes to evacuation safety measures.

    Nightclubs are among the most crowded indoor spaces. While crowd density is part of a nightclub’s design and atmosphere, overcrowding beyond legal capacity is common.

    A crowd that has gradually gathered over several hours must suddenly evacuate in seconds or minutes to survive a fire. This is made more difficult by narrow hallways and limited exits, which quickly become bottlenecks when hundreds of people attempt to escape at once.

    What’s more, not all exits are always accessible during a fire. In several past nightclub disasters, locked or obstructed emergency exits have significantly worsened the death toll.

    Minimising the risks

    Nightclubs are uniquely vulnerable to fires due to a combination of structural risks, unsafe materials, overcrowding and regulatory failures.

    While human behaviour plays a role in how fires unfold in confined spaces such as nightclubs, people should be able to go for a night out and expect to come home safely.

    Regulatory oversight must ensure strict compliance with fire codes. Venues should have fire suppression systems (such as sprinklers, fire extinguishers and smoke detectors) to control or contain fires before they spread, and adequate exits.

    Nightclubs should ban indoor pyrotechnics and fireworks, as history has repeatedly shown their deadly consequences.

    Capacity limits must be enforced, and emergency exits should always be accessible.

    Australia has strict fire safety regulations for nightclubs, with venues required to have fire suppression systems, emergency exits and trained staff to manage fire risks.

    Public awareness is also key. Patrons need to understand the real risk of fires in nightclubs, and be prepared to evacuate swiftly but calmly if danger arises.

    Ruggiero Lovreglio receives funding from Royal Society Te Apārangi (NZ) and National Institute of Standards and Technology (USA).

    Milad Haghani 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. Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous – https://theconversation.com/many-of-historys-deadliest-building-fires-have-been-in-nightclubs-heres-why-theyre-so-dangerous-252372

    MIL OSI – Global Reports

  • MIL-OSI Banking: The Future of Smallholder Farming in Asia

    Source: Asia Development Bank

    Smallholder farms are essential to food security, yet they struggle with limited access to natural, social, human, and financial capital. Across Asia, the consequences of neglecting agriculture are severe—not only threatening food security but also undermining economic stability. These risks are even more pressing in today’s rapidly evolving geopolitical landscape.

    Despite agriculture’s importance, macro indicators reveal a persistent shortfall in investment. The sector’s underperformance is driven not only by insufficient funding but also by inefficient resource allocation. Moreover, investments often fail to reach the most critical sub-sectors and components.

    This book explores how targeted policy reforms and strategic investments can empower farmers—especially smallholders—by making agriculture more viable and profitable. It emphasizes the urgent need to strengthen natural resources and advocates for nature-based solutions that enhance both sustainability and long-term farm resilience.
     

    [embedded content]

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Radical action plan to cut red tape and kickstart growth

    Source: United Kingdom – Executive Government & Departments

    News story

    Radical action plan to cut red tape and kickstart growth

    The Chancellor will meet top regulator bosses in Downing Street today (Monday 17 March) as she unveils an action plan to deliver on the pledge to cut the administrative cost of regulation on business by a quarter, make Britain the best place to do business and drive economic growth.

    • Chancellor meets regulators in Downing Street as she unveils action plan to cut red tape as part of Plan for Change to kickstart economic growth.

    • Radical shake up will boost infrastructure building by simplifying guidance to protect bat habitats that blocks vital new homes and infrastructure.

    • Business to save billions as more regulators are axed and core legal duties are streamlined.

    • Action plan comes alongside 60 growth-boosting measures from watchdogs designed to make it easier to do business in the UK and delivers on the Prime Minister’s pledge to cut administration costs for businesses by a quarter.

    The radical shake up will cut costly red tape that fails to deliver for local communities, such as hundreds of pages of guidance on protecting bat habitats – which goes far beyond legal requirements, needlessly costs businesses money and slows down planning decisions for major infrastructure projects.  

    A streamlined process for environmental regulations will also be put in place for major projects. This could include Lower Thames Crossing, subject to planning approval, as well as future schemes like Heathrow expansion. The new system will require just one point of contact and will end the merry-go-round of developers seeking planning approvals from multiple authorities who often disagree with each other.  

    This Action Plan will save businesses across the country billions of pounds by cutting the number of regulators, streamlining their core legal duties and cracking down on complexity in the regulatory system. 

    The Plan comes after the Prime Minister set out his vision for a more lean and agile state in a speech last week, abolishing the world’s biggest quango – NHS England – to scrap duplication and give more power and tools to local leaders so they can better deliver for their communities. The Prime Minister and Chancellor are clear that regulators must work for the people of Britain, not get in the way of progress.  

    Following weeks of intense negotiations, watchdogs have signed up to 60 growth boosting measures – including:  

    • Fast-tracking new medicines to market through a new pilot to provide parallel authorisations from key healthcare regulators, so that patients can access the medicine they need quicker;

    • Attracting more investment from international financial services firms by setting up a bespoke ‘concierge service’ to help them get to grips with UK regulations, making it easier to do business in the UK;

    • Paving the way for package deliveries by drone, as the Civil Aviation Authority permits at least two more large drone-flying trials in the coming months – which have already helped cut travel times for blood samples from 30 minutes down to 2 minutes between hospitals – and streamlines the regulatory process for manufacturing drones;

    • Allowing families to manage their spending safely as the Financial Conduct Authority reviews contactless payment limits, including the £100 cap on individual payments, while speeding up queues at checkout.

    • Support for homeownership as the Financial Conduct Authority simplifies mortgage lending rules, including making it easier to re-mortgage with a new lender and reduce mortgage terms.

    • Helping start-ups secure funding to grow through the Financial Conduct Authority issuing more notices where they are likely to approve applications from budding entrepreneurs.

    The government will continue to work closely with regulators to ensure they are regulating for growth, not just risk. Cabinet Ministers will report back to the Chancellor in the summer with further suggestions for streamlining the regulatory landscape and better regulation will be a key part of the upcoming Modern Industrial Strategy.    

    Chancellor of the Exchequer Rachel Reeves said: 

    “The world is changing and that’s why we must go further and faster to deliver on our Plan for Change to kickstart economic growth. Today we are taking further action to free businesses from the shackles of regulation. By cutting red tape and creating a more effective system, we will boost investment, create jobs and put more money into working people’s pockets.”  

    Business and Trade Secretary Jonathan Reynolds said: 

    “Unnecessary regulation chokes competition and stifles business – that’s why we’re taking action to unleash industry right across the UK to go for growth.  

    “With a regulatory system that encourages innovation and economic growth combined with our Industrial Strategy, our Plan for Change can make the UK the best place to startup, invest and thrive.”  

    Further pro-business measures announced today include cutting red tape that blocks new housing and infrastructure.  

    It should not be the case that to convert a garage or outbuilding you need to wade through hundreds of pages of guidance on bats.  Environmental guidance, including on protecting bats, will be looked at afresh. Natural England has agreed to review and update their advice to Local Planning Authorities on bats to ensure there is clear, proportionate and accessible advice available.  

    We will make it simpler and faster for projects to agree environmental permits, in some case removing them altogether for low-risk and temporary projects, putting an end to delays that can slow down decisions needed to get spades in the ground. Combined with the appointment of a single lead environmental regulator, this will speed up approvals and save businesses millions in time and resource.    The government will also consult on allowing regulators to be more agile in making sensible decisions on which low-risk activities should be exempt from environmental permits. This will allow them to focus on high-impact, high-priority areas, such as low-carbon infrastructure – while ensuring nature protections are not weakened.    

    These come alongside action to crack down on complexity in the UK regulatory system, with the Chancellor promising to significantly cut the number of regulators by the end of the Parliament to reduce overlap.    

    Regulators will be summoned for performance reviews twice a year from the relevant Secretary of State and will be judged against a set of targets agreed with the businesses they affect, which could how quickly they make decision on planning applications and new licenses for businesses and products. The regulators will immediately begin discussing these targets with businesses and publish them by June. 

    Following the decision to primarily consolidate the Payment Systems Regulator into the Financial Conduct Authority, the Regulator for Community Interest Companies will be folded into Companies House to avoid duplicative disclosure requirements for companies which provide a benefit to their community. Cabinet ministers will report back to the Chancellor by the summer with further suggestions to cut numbers and create a more effective system.  

    Major regulators will also have their legal duties slimmed down, so that they do not waste time satisfying redundant duties that do not align with their core purpose or the public’s priorities. This work will begin with the financial services regulators, energy watchdog Ofgem, water regulator Ofwat and the Office for Road and Rail.  

    The Treasury will also explore ways to streamline financial services regulators’ ‘have regards’ to improve predictability and business confidence. The role of the Financial Ombudsman Service will also be reviewed to ensure that it is acting as an impartial service that provides quick and predictable resolutions to disputes – not as a quasi-regulator.   

    The new system will also support businesses to innovate instead of putting obstacles in the way, led by Lord Willetts as Chair of the Regulatory Innovation Office (RIO). The RIO works with businesses and regulators to embed a pro-innovation regulatory system that enables ground-breaking new technologies to reach the market quicker.   

    The RIO is focused on ensuring regulation supports transformative applications of emerging technologies, for example using AI to improve the efficiency and accuracy of radiology reporting, and the use of engineering biology by world leading UK companies developing innovative foods like lab grown meats.  

    Stakeholder quotes: 

    Rain Newton-Smith, CEO of the CBI, said:   

    “The UK’s Gordian knot of regulations hinders investment with compliance costs that are too high, leaving us trailing the international competition. Today’s announcement signals a shift towards a more proportionate, outcomes based approach that should deliver more sustainable growth and investment.  

    “Smart, proportionate regulation could be the UK’s international calling card once more, bringing confidence and easing the burden on many sectors.   

    “This announcement builds on the welcome commitment from the Prime Minister to reduce the thicket of regulation, and it is critical that this approach is reflected across the board including finding a landing zone for the Employment Rights Bill that supports growth, investment, and jobs.” 

    Irene Graham OBE, CEO of the ScaleUp Institute, said: 

    “It is excellent to see the Government turning its Plan for Change into real practical action. 

    “Scaling businesses have long cited infrastructure constraints and regulatory hurdles as hampering their growth. The practical initiatives set out in this Action Plan on planning reforms, the fast tracking, simplifying and streamlining of regulatory approvals and processes, and the emergence of concierge services should collectively have a significant impact in propelling the growth of these innovative firms forward across every sector and local economy.  

    “We look forward to continuing to work with the government on the next steps of this pro-growth regulatory agenda.” 

    David Postings, Chief Executive of UK Finance, said: 

    “We need a regulatory environment that supports investment and is internationally competitive. I’ve been delighted to see the progress already made by government and regulators, who are listening to the ideas put forward by UK Finance and industry and taking bold action. Today’s announcement builds on that progress, most notably reviewing how the Financial Ombudsman Service operates. It currently acts as a quasi-regulator, which was not the original intention, and addressing this issue is a key one for our sector. I look forward to continuing to work with the government to ensure financial services helps deliver growth up and down the country.” 

    Debbie Crosbie, CEO of Nationwide, said: 

    “I welcome the government’s decisive action to deliver better regulation. Clear and predictable rules will help firms focus on growth and innovation for the benefit of consumers. The target to reduce the administrative cost of regulation by 25% could make a meaningful difference to the regulatory burden and economic growth.”  

    Craig Beaumont, Executive Director of the Federation of Small Businesses, said: 

    “Today’s announcement shows the Chancellor is willing to put in the hard yards to let businesses do what they do best. Business owners are not bureaucrats. The delays, time wasting and sheer stress from having to handle layers of poorly designed regulation makes it harder and harder for small businesses to grow, generate jobs and provide for their customers. 

    “Every month a project might be delayed makes it harder to go ahead, and every second wasted on unnecessary forms is time away from business, staff and family. We have made clear recommendations to CEOs of the regulators visiting No.10 today, to transform regulation so they help, not hinder, small business growth and investment.  This is a necessary pre-condition for increasing living standards, building a stronger economy and creating new jobs.” 

    Shevaun Haviland, Director General of the British Chambers of Commerce, said: 

    “This is an eye-catching package of measures which has a real potential to speed up decision-making and give businesses more certainty. 

    “Changes that would fast-track major infrastructure projects, such as the Lower Thames Crossing and Heathrow expansion, are especially welcome. 

    “Over half of firms tell us they are planning to raise prices, and with fresh uncertainty around tariffs, a 25 percent cut in the cost of regulation would be very welcome.” 

    Notes to editors 

    • The Action Plan can be found here. This sets out the strategic vision and actions that will be taken to create a regulatory system that drives growth while continuing to protect millions of people.

    • Regulators in attendance at the meeting:

    • Financial Conduct Authority

    • Prudential Regulation Authority

    • Environment Agency

    • Natural England

    • Medicines and Healthcare products Regulatory Agency

    • Health and Safety Executive

    • Information Commissioner’s Office

    • The Regulatory Innovation Office

    Updates to this page

    Published 17 March 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: First meeting of Great British Energy board members

    Source: United Kingdom – Executive Government & Departments

    Press release

    First meeting of Great British Energy board members

    Inaugural meeting of the Great British Energy start-up board takes place in Aberdeen to drive the UK’s clean energy future.

    • Great British Energy start-up board meet for the first time in Aberdeen 

    • Publicly owned company will drive forward the government’s Plan for Change and clean energy superpower mission, backed by £8.3 billion  

    Great British Energy’s start-up board members will meet in Aberdeen today (Monday 17 March) to discuss scaling up the company and kickstarting investments, to deliver the government’s Plan for Change and clean energy superpower mission. 

    Great British Energy is owned by the British people, for the British people, and will own and invest in clean energy projects across the UK to create good, skilled jobs and growth.    

    Energy Minister Michael Shanks will convene the meeting alongside Start-up Chair Juergen Maier and interim CEO Dan McGrail to discuss next steps for the organisation and building up an investment portfolio that will return a profit for the British people. 

    Great British Energy has already begun engaging with the market on potential collaborations to ensure it can quickly start delivering for the British taxpayer once it is fully established, backed by £8.3 billion over this Parliament.  

    Energy Minister Michael Shanks said: 

    We now have a fantastic team in place to lead Great British Energy and establish the company in Aberdeen. 

    By unlocking homegrown clean power projects, Great British Energy will support thousands of well-paid jobs in Scotland and across the country, and deliver energy security for the British people. 

    Today’s meeting of the new board members marks another step forward for the company as it gears up to make its first investments. 

    Great British Energy Start-up Chair Juergen Maier said: 

    We are working on a plan to invest in and deliver homegrown clean power, supporting the next generation of energy jobs.  

    We are already engaging with industry on exciting investment opportunities so we can hit the ground running once Great British Energy is fully established. 

    Together we will back British innovation and support the creation of thousands of jobs in clean energy projects and their supply chains in the North East of Scotland alone. 

    Interim Great British Energy CEO Dan McGrail said: 

    Great British Energy is perfectly placed to take advantage of the clean energy revolution for the benefit of the British people. As I take up post as interim CEO today, I’m pleased to bring our new board members together in Aberdeen to discuss our plans to invest in secure, homegrown clean power – unleashing jobs and crowding in private investment. 

    It follows the appointment of the interim CEO, five non-executive directors, and chair to the company’s start-up board. On Tuesday 18 March, Juergen Maier will convene a skills roundtable to work with industry to help oil and gas workers in north-east Scotland access opportunities in clean energy jobs. The roundtable is due to be attended by organisations including Skills Development Scotland, Scottish Trades Union Congress, Green Free Ports Cromarty and Leith, ETZ Ltd and Aberdeen & Grampian Chambers of Commerce.  

    Background

    Great British Energy start-up board members include: 

    • Chair of Great British Energy Juergen Maier 

    • Interim CEO of Great British Energy Dan McGrail 

    • Minister for Energy Michael Shanks 

    • Non-Executive Directors of Great British Energy: 

    • Frances O’Grady  

    • Frank Mitchell  

    • Kate Gilmartin  

    • Dr. Nina Skorupska CBE FEI  

    • Valerie Todd CBE

    Updates to this page

    Published 17 March 2025

    MIL OSI United Kingdom

  • MIL-OSI China: World Internet Conference Asia-Pacific Summit to open in April

    Source: China State Council Information Office 2

    The World Internet Conference Asia-Pacific Summit will be held in Hong Kong from April 14 to 15, focusing on digital and intelligent transformation in the region, according to a press conference held in Beijing on Monday.
    Representatives from international organizations, governments, enterprises, and industry institutions, along with renowned experts worldwide, will discuss topics such as artificial intelligence (AI) infrastructure, technological industries, and security governance.
    The summit will also feature the release of think tank reports on empowering global sustainable development through inclusive AI governance and a comparative study on cross-border data flow policies, according to the press conference.

    MIL OSI China News

  • MIL-OSI Europe: Unchanged global climate policies will cost India 19% and world 15% of GDP by 2050 | Interview with The Economic Times

    Source: Deutsche Bundesbank in English

    The interview was conducted by Deepshikha Sikarwar & Vinay Pandey.
    How do you see US president Donald Trump’s election weighing in on the entire climate debate?
    We are central bankers and supervisors, so we are non-political. We are data-dependent and science-based. We are here together to discuss the impact of climate and nature-related risks on our economies. Talking about climate change in general, there are two major risks: physical risks; meaning increasing numbers of droughts, floods, hurricanes and wildfires. And transition risks, which are the costs and consequences of the transition to net zero.
    If climate policy falls short then, of course, economic and financial risks will increase. That’s what central banks must look at. We analyze the data and see what kind of impact climate change has on the economy. That’s our job. We must deal with these risks, and we will address them, also towards governments.
    What does the withdrawal of the US Federal Reserve mean for NGFS and its agenda? 
    The NGFS was founded at the end of 2017. At that time, we were only eight members. Now we are 144. The Fed, as you just mentioned, left in January. Except for the US, none of the members have exited so far. Instead, thirteen new members have joined since I took over as NGFS Chair at the start of 2024. So, we are still a growing organization.
    And our agenda stays the same, because it has nothing to do with the exit of one member. If we see deregulation, if we see climate being taken off the policy agenda, then we might see increasing physical risk, meaning an acceleration of climate change. And that might mean that we even become more vocal on the risks we see.
    How do you see India’s progress? What more needs to be done?
    It’s not up to me to judge the stance and actions of our colleagues from the Reserve Bank of India. I just mentioned our latest update on the long-term scenarios about GDP being 15 % lower, worldwide, than in a world without climate change. For India, the GDP loss is even bigger. If the world keeps its current policies unchanged, global temperatures are expected to rise by three degrees Celsius (on average). And this could cost India roughly 19 % of GDP by 2050, compared to a world without climate change. So, for India, we show that climate change can have even more serious consequences than elsewhere. And, at the same time, the scenarios show that India is among those countries who would benefit the most from a global transition towards net zero emissions.
    You’ve said your actions are data dependent. What is the data telling us in terms of the economic impact of climate change? Because there is also a pushback.
    We are analytical powerhouses. Our climate scenarios are our flagship product. We have set up different long-term scenarios. For example, a current policy scenario or a fragmented world one, where climate policy is delayed, divergent and/or insufficient across the globe. Or a scenario where policy would bring us to a Paris-aligned world. We look at what those different climate scenarios mean in economic terms, for GDP, inflation, productivity, and so on.
    The fifth vintage of our long-term climate scenarios was published at the start of November last year. It told us that under the current policies scenario, global GDP will be 15 % lower globally in 2050 than it would be without climate change. This is a striking number, and in fact we have reason to believe that it doesn’t even show the full picture, because we do not yet have a full set of data. It does not reflect, for example, future sea level rises, or the kind of climate migration that we might see. When we have more data, we will get more insights, and the results might even change.
    What has the conversation been like at the plenary in the backdrop of the US exit and what is the assessment of the progress made so far?
    We’ve never seen such a strong commitment as we see here in India today. More than 100 people from over 60 countries came from all around the world to be here in person. Another 100 people participated virtually. We’ve never had so many senior level representatives from central banks and financial supervisors. We have more than 25 governors or deputy governors here in India at our annual meeting. 
    What we’ve reflected on today is how political headwinds, deregulation, impact our work. And our work stays the same, because we are non-political animals, and we stick to our mandates. With so many central banks from all over the world in our network, we all have different mandates. In emerging markets or developing countries, the mandates are often not as narrow as they are in, for example, Europe. So, we do have members with broader mandates. That allows them to do different things, such as promoting green finance or other financial sector development.
    Most central banks have initiated some sort of action on tackling climate change and its economic impact. What is your assessment of the progress and what more is needed?
    With 144 members from all over the globe, there are members at completely different stages, depending on when they started and how big their capacities are. Some members are very advanced, like the French, the Dutch, the UK, and there are those who have just started or are so small that they barely have capacity.
    What are the advanced central banks doing? They have started with climate stress testing in the banking sector. For example, in Europe, we have already done a few climate stress tests. In India, Brazil and many countries in Africa, you see that climate change strongly affects food prices. We also see, in some African countries for example, that energy prices are significantly affected by climate change. We cannot rely on past data or experiences; we need a forward-looking perspective. There’s a lot of uncertainty and non-linearity. So, we must work in terms of scenarios.
    When the NGFS was set up in December 2017, there were some central banks who thought, “oh my god, there’s climate change and we do not know at all whether this will affect our work, our mandates”. We thought, “this might be such a big threat that it’s better to collaborate, put together all the resources we have and to see what will come out”. This is why the NGFS was set up. Over the years, we have not only realized that climate change really matters to the economy but also confirmed that it affects our mandates.
    The whole idea of this network is that we share our knowledge amongst our members. This is the benefit of being a member of the NGFS. And we also produce public goods like the scenarios mentioned, which can be used by financial sector players and policymakers beyond the network.
    Different governments have different commitments to climate change and central banks have different mandates. Given that, how effective can this body be?
    Climate policy is not part of our mandate. What governments do is another thing. Of course, our analysis shows that if governments take less action on climate, it will have a huge impact on the economy, often also on inflation.
    You are right, central banks globally have a wide range of different tasks and mandates. But this is also the beauty of our network. 144 different organisations learn from each other. Many members – for example emerging markets – have a lot in common with each other. These countries often form groups among peers so that they can share experience and best practice.
    Any thinking on short-term scenario mapping?
    We will soon publish our short-term scenarios with a time horizon of three to five years, hopefully in the first half of the year. We think it is important to show what will happen within this time horizon.
    Not many care about 2050 and 2100. Not many of us work over this time horizon. If you are a CEO, your contract lasts 3‑5 years. If you’re a politician, you want to be re-elected within 3‑5 years. A scenario which tells you what might happen in 2050, of course, really matters for human beings. But, to tell the story to someone who thinks short term, you need also short-term scenarios.
    © The Times Group. All rigths reserved.

    MIL OSI

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: Rosanna Law meets SG official

    Source: Hong Kong Information Services

    Secretary for Culture, Sports & Tourism Rosanna Law today met Singapore’s Minister for Culture, Community & Youth and Second Minister for Law Edwin Tong, briefing him on Hong Kong’s in-depth integration of culture, tourism and sports.

    They also discussed the policies promoted by the governments of both places and explored opportunities to deepen mutual international co-operation in culture, sports and tourism.

    Miss Law noted that as an East-meets-West centre for international cultural exchange, Hong Kong actively promotes diverse cultural exchange activities, such as Hong Kong Super March, which brings together a series of world-class events in a creative and cultural atmosphere.

    “This could attract Mainland and overseas tourists to come to here and experience its unique cultural charm and vitality. In terms of tourism, we will propose innovative and diverse ways to attract more tourists, promote high-quality development of the tourism industry, and pursue the concept of ‘tourism everywhere’.”

    She also pointed out that the opening of Kai Tak Sports Park on March 1 provides Hong Kong with world-class facilities.

    Miss Law said full use will be made of these resources to host more major international events to further enhance the city’s competitiveness, including cohosting the 15th National Games, the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games with Guangdong and Macau.

    The culture chief also said that Hong Kong is pleased to strengthen collaboration with Singapore to promote exchanges in culture, sports and tourism, and explore more opportunities to develop these areas to enhance prosperity in the Asian region.

    MIL OSI Asia Pacific News

  • MIL-OSI: Final Results for the Year-Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook

    2024 Achievements Position Diversified on a Meaningful Path Forward as a Stronger and Larger Company

    Executed Approximately $2 Billion of Acquisitions in an Advantageous Pricing Environment

    Third year of Consistent Operating Costs Despite Broader Industry and Inflationary Pressures

    Maverick Integration Anticipated to Provide Meaningful Financial and Operational Benefits to Drive Free Cash Flow Acceleration

    Created a PDP Solution for Upstream Peers to Facilitate Operated Acquisitions with an Undeveloped Inventory Focus

    BIRMINGHAM, Ala., March 17, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) is pleased to announce its operational and final audited results for the year ended December 31, 2024.

    Diversified remains a differentiated key player in acquiring and building a portfolio of assets through value-accretive transactions while simultaneously unlocking hidden value through its unique operational framework, strategic development partnerships, and growing adjacent business segments, including coal mine methane (CMM), energy marketing and well-retirement. By completing over $4.0 billion of acquisitions since its public listing in 2017, Diversified has built a large-scale integration and operating company that remains focused on delivering de-risked, reliable cash flow for its shareholders. With the combination of maturing assets and M&A activity leading to growth-oriented E&P’s recycling capital through divestment, there remains an ample opportunity set for Diversified’s continued growth. Additionally, with most upstream acquisitions today focusing on increasing undeveloped inventory, Diversified provides a creative and actionable solution as the PDP purchasing partner for those E&P’s that only value inventory.

    Only Publicly Traded Champion of the PDP Subsector with Unique Strategic Advantages

    • Large Operational Scale: Multiple geographies in core basins including Western Anadarko (largest producer), Permian, Appalachia, Barnett and Ark-La-Tex with commodity product diversification
    • Vertical Integration: In-house marketing, extensive midstream network, wholly-owned processing infrastructure, and a well retirement business segment
    • Leading Technology Platform: 100% cloud architecture, supporting well level data capture, information for actionable production optimization, and real-time monitoring which mitigates production downtime
    • Beneficial Financing Solution: Demonstrated ability to access numerous capital solutions, including investment grade, low-cost Asset Backed Securities, commercial banking facilities and equity investment partners
    • Flexible Capital Allocation: shareholder returns-focused model prioritizing Free Cash Flow for systematic debt reduction, fixed dividend payments, opportunistic share repurchases, and accretive acquisitions
    • Proven Process to Capture Synergies: established integration playbook and sophisticated corporate infrastructure provides considerable expense savings and unlocks sustainable value

    Delivering Consistent and Reliable Results in 2024        

    • Delivered average net daily production: 791 MMcfepd (132 MBoepd)
      • December exit rate of 864 MMcfepd (144 MBoepd)
    • Year end 2024 reserves of 4.5 Tcfe (747 MMBoe; PV10 of $3.3 billion(b))
    • Total Revenue, inclusive of hedges of $946 million(e), net of $151 million in commodity cash hedge receipts that supplemented Total Revenue of $795 million
    • Operating Cash Flow of $346 million; Net loss of $87 million, inclusive of $141 million tax-effected, non-cash unsettled derivative fair value adjustments
    • Adjusted EBITDA of $472 million(c); Adjusted Free Cash Flow of $211 million(d)
      • 2024 Adjusted EBITDA Margin of 51%(c)
      • 2024 Adjusted Operating Cost per unit of $1.70/Mcfe ($10.22/Boe)

    Achieving Expectations

    • Recommend a final quarterly dividend of $0.29 per share
    • Generated $49 million of cash proceeds through land sales and Coal Mine Methane Revenues
    • Retired over $200 million in debt principal through amortizing debt payments
    • Returned $105 million to shareholders, including $21 million in share buybacks(h)
    • Completed $585 million (gross) in strategic and bolt-on acquisitions during 2024
    • Retired 202 Diversified wells in Appalachia, marking third consecutive year to exceed 200 wells
    • OGMP Gold Standard and MSCI AA Rating for third and second consecutive year, respectively
    • Decreased Scope 1 methane intensity to 0.7 MT CO2e per MMcfe, a 13% reduction from 2023

    Powerful Step Forward

    • Closed transformative $1.3 billion acquisition of Maverick Natural Resources (“Maverick”)
      • Largest Producer in the Western Anadarko Basin (WAB)
      • Entry into the Permian basin
      • Expecting to achieve over $50 million in annual synergies by year-end 2025
    • Closed the accretive bolt-on acquisition of assets from Summit Natural Resources
      • Anticipate over 300% increase in cash flow from CMM environmental credit sales in the next 24 months
    • Developed a unique partnership to create an innovative, reliable, net-zero data center power solution
    • Enhancing free cash flow growth in 2025 by advantageously added natural gas hedges (related to ABS & recent acquisitions) and planning approximately $40 million from the divestiture of undeveloped leasehold during the first half of 2025

    CEO Rusty Hutson, Jr. commented:

    “Our over 1,600 women and men of Diversified remain the driving force behind our strong operational and financial performance in 2024. Whether it’s natural gas to power the technology of the future or the everyday needs of families and businesses across our operating region, Diversified provides the reliable and sustainable energy needed, and we continue to invest in growing our business while expanding our opportunity set of cash flow generation through verticals in a variety of end markets.

    We have built a Company that remains highly focused on long-term value creation through the growth of our platform and our ability to leverage vertical integration and scale to operate a structurally and dependably higher-margin business that delivers de-risked, consistent cash flow. Our focused strategy, disciplined leadership team, sound operating practices, and the strong demand for natural gas provide us with momentum as we begin the year and the confidence to achieve our full-year 2025 expectations while executing against our capital allocation strategy. We are starting the year in a position of strength as a bigger, better business, and there has never been a more exciting time for our Company and the energy industry. We feel privileged to be at the heart of the energy renaissance as the Right Company at the Right Time to help provide essential energy needs.”

    Combined Company 2025 Outlook

    Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick Natural Resources assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(millions) $825 to $875
    Adj. Free Cash Flow(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50
    Includes the value of anticipated cash proceeds for 2025 land sales
     

    Posting of 2024 Annual Report and Notice of Annual General Meeting

    Diversified has published to the Company’s website its 2024 Annual Report and Notice of AGM, along with the form of proxy for the AGM. These documents can be viewed or downloaded from Diversified’s website at https://ir.div.energy/financial-info.

    The Company has also provided copies of these documents to the National Storage Mechanism that, in accordance with UK Listing Rule 6.4.1R, will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Annual General Meeting Arrangements

    The Company’s AGM will be held on April 9, 2025 at 1:00pm BST (8:00am EDT) at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD.

    Presentation and Webcast

    DEC will host a conference call today at 12:30 pm GMT (8:30am EDT) to discuss these results. The conference call details are as follows:

    A corporate presentation will be posted to the Company’s website before the conference call. The presentation can be found at https://ir.div.energy/presentations.

    Footnotes:

    (a) Corporate decline rate of ~10% calculated as the change in average daily production for the month of December 2023 (775 MMcfepd), adjusted for the impact of acquisitions and divestitures occurring during the 2024 calendar year, to the average daily production for the month of December 2024.
    (b) Based on the Company’s year-end PDP reserves and using 10-year NYMEX strip, as at December 31, 2024.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $16 million and Lease Operating Expense of $19 million in 2024 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy. For more information, please refer to Non-IFRS Measures, below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; For more information, please refer to Non-IFRS Measures, below.
    (e) Calculated as total revenue recorded for the period, inclusive of the impact of derivatives settled in cash. For more information, please refer to Non-IFRS Measures, below.
    (f) Calculated as the availability on the Company’s Revolving Credit Facility (“SLL”) and cash on hand (unrestricted)of December 31, 2024; Does not include the impact of Letters of Credit.
    (g) Net Debt-to-Adjusted EBITDA, or “Leverage” or “Leverage Ratio,” is measured as Net Debt divided by Pro Forma Adjusted EBITDA; Pro forma adjusted EBITDA includes adjustments for the year ended December 31, 2024 for the annualized impact of acquisitions completed during the year. Net Debt calculated as of December 31, 2024 and includes total debt as recognized on the balance sheet, less cash and restricted cash; Total debt includes the Company’s borrowings under the Company’s Revolving Credit Facility (“SLL”) and borrowings under or issuances of, as applicable, the Company’s subsidiaries’ securitization facilities. For more information, please refer to Non-IFRS Measures, below.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in Diversified’s 2024 Annual Report

    For further information, please contact:  
    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    www.div.energy  
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Important Notices

    This announcement may contain certain forward-looking statements, beliefs or opinions, with respect to the financial condition, results of operations and business of the Company, and its wholly owned subsidiaries (“the Group”) following the Maverick Acquisition. These statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “outlook” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions, and the Company’s or Group’s ability to realize expected benefits of the Maverick acquisition. Past performance of the Company cannot be relied on as a guide to future performance. As a result, you are cautioned not to place undue reliance on such forward-looking statements. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company, nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    The contents of this announcement are not to be construed as legal, business or tax advice. Each shareholder should consult its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice respectively.

    Percentages in tables have been rounded and accordingly may not add up to 100 per cent. Certain financial data have also been rounded. As a result of this rounding, the totals of data presented in this announcement may vary slightly from the actual arithmetic totals of such data.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Non-IFRS Disclosures

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation, and amortization. Adjusted EBITDA further adjusts for items that are not comparable period-over-period, including accretion of asset retirement obligations, other (income) expense, loss on joint and working interest owners receivable, (gain) loss on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and other similar items.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit (loss), net income (loss), or cash flows provided by (used in) operating, investing, and financing activities. However, we believe this measure is useful to investors in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of our Credit Facility financial covenants; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to assess this metric as a percentage of our total revenue, inclusive of settled hedges, which we refer to as adjusted EBITDA margin.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net income (loss) $ (87,001 ) $ 759,701   $ (620,598 )
    Finance costs   137,643     134,166     100,799  
    Accretion of asset retirement obligations   30,868     26,926     27,569  
    Other (income) expense(a)   (1,257 )   (385 )   (269 )
    Income tax (benefit) expense   (136,951 )   240,643     (178,904 )
    Depreciation, depletion and amortization   256,484     224,546     222,257  
    (Gain) loss on bargain purchases           (4,447 )
    (Gain) loss on fair value adjustments of unsettled financial instruments   189,030     (905,695 )   861,457  
    (Gain) loss on natural gas and oil properties and equipment(b)   15,308     4,014     93  
    (Gain) loss on sale of equity interest   7,375     (18,440 )    
    Unrealized (gain) loss on investment   4,013     (4,610 )    
    Impairment of proved properties(c)       41,616      
    Costs associated with acquisitions   11,573     16,775     15,545  
    Other adjusting costs(d)   22,375     17,794     69,967  
    Loss on early retirement of debt   14,753          
    Non-cash equity compensation   8,286     6,494     8,051  
    (Gain) loss on foreign currency hedge       521      
    (Gain) loss on interest rate swap   (190 )   2,722     1,434  
    Total adjustments $ 559,310   $ (212,913 ) $ 1,123,552  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Pro forma adjusted EBITDA(e) $ 548,570   $ 553,252   $ 574,414  
    1. Excludes $1 million in dividend distributions received for our investment in DP Lion Equity Holdco during the year ended December 31, 2024.
    2. Excludes $27 million, $24 million and $2 million in cash proceeds received for leasehold sales during the years ended December 31, 2024, 2023 and 2022, respectively, less $14 million and $4 million of basis in leasehold sales for the years ended December 31, 2024 and 2023, respectively.
    3. For the year ended December 31, 2023, the Group determined the carrying amounts of certain proved properties within two fields were not recoverable from future cash flows, and therefore, were impaired.
    4. Other adjusting costs for the year ended December 31, 2024, were primarily associated with legal and professional fees related to the U.S. listing, legal fees for certain litigation, and expenses associated with unused firm transportation agreements. For the year ended December 31, 2023, these costs were primarily related to legal and professional fees for the U.S. listing, legal fees for certain litigation, and expenses for unused firm transportation agreements. For the year ended December 31, 2022, these costs mainly included $28 million in contract terminations, which enabled the Group to secure more favorable future pricing, and $31 million in deal breakage and/or sourcing costs for acquisitions.
    5. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.

    Total Revenue, Inclusive of Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, accounts for the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    As used herein, adjusted EBITDA margin is calculated as adjusted EBITDA expressed as a percentage of total revenue, inclusive of settled hedges. Adjusted EBITDA margin encompasses the direct operating costs and the portion of general and administrative costs required to produce each Mcfe. This metric includes operating expense, employee costs, administrative costs and professional services, and recurring allowance for credit losses, which cover both fixed and variable costs components. We believe that adjusted EBITDA margin is a useful measure of our profitability and efficiency, as well as our earnings quality, because it evaluates the Group on a more comparable basis period-over-period, especially given our frequent involvement in transactions that are not comparable between periods.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total revenue $ 794,841   $ 868,263   $ 1,919,349  
    Net gain (loss) on commodity derivative instruments(a)   151,289     178,064     (895,802 )
    Total revenue, inclusive of settled hedges $ 946,130   $ 1,046,327   $ 1,023,547  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Adjusted EBITDA margin   50 %   52 %   49 %
    Adjusted EBITDA margin, excluding Next LVL Energy   51 %   53 %   50 %
    1. Net gain (loss) on commodity derivative settlements represents the cash paid or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives, as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities, less expenditures on natural gas and oil properties and equipment, and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities beyond capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net cash provided by operating activities $ 345,663   $ 410,132   $ 387,764  
    LESS: Expenditures on natural gas and oil properties and equipment   (52,100 )   (74,252 )   (86,079 )
    LESS: Cash paid for interest   (123,141 )   (116,784 )   (83,958 )
    Free cash flow $ 170,422   $ 219,096   $ 217,727  
    Cash generated through divestitures of land $ 40,986   $ 28,160   $ 2,472  
    Adjusted free cash flow $ 211,408   $ 247,256   $ 220,199  


    Net Debt and Net Debt-to-Adjusted EBITDA (“Leverage”)

    As used herein, net debt represents total debt as recognized on the balance sheet, minus cash and restricted cash. Total debt includes borrowings under our Credit Facility and borrowings under, or issuances of, our subsidiaries’ securitization facilities. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, also referred to as “leverage” or the “leverage ratio,” is calculated by dividing net debt by adjusted EBITDA. We believe this metric is a crucial measure of our financial liquidity and flexibility, and it is also used in the calculation of a key metric in one of our Credit Facility financial covenants.

      As of
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total debt(a) $ 1,693,242   $ 1,276,627   $ 1,440,329  
    LESS: Cash   5,990     3,753     7,329  
    LESS: Restricted cash(b)   46,269     36,252     55,388  
    Net debt $ 1,640,983   $ 1,236,622   $ 1,377,612  
           
    Adjusted EBITDA $ 472,309,000   $ 546,788,000   $ 502,954,000  
    Pro forma adjusted EBITDA(c) $ 548,570   $ 553,252   $ 574,414  
    Net debt-to-pro forma adjusted EBITDA(d) 2.9x
      2.2x
      2.4x
     
    1. Includes adjustments for deferred financing costs and original issue discounts, consistent with presentation on the Statement of Financial Position.
    2. The increase of restricted cash as of December 31, 2024, is due to the addition of $21 million and $3 million in restricted cash for the ABS VIII Notes and ABS IX Notes, respectively, offset by $7 million and $9 million for the retirement of the ABS III Notes and ABS V Notes, respectively.
    3. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.
    4. Excludes long-term plant financing of $30 million for the year ended December 31, 2024.

    The MIL Network

  • MIL-Evening Report: Fijian academic says PM’s plans to change constitution ‘might take a while’

    By Koroi Hawkins, RNZ Pacific editor

    A Fijian academic believes Prime Minister Sitiveni Rabuka’s failed attempt to garner enough parliamentary support to change the country’s 2013 Constitution “is only the beginning”.

    Last week, Rabuka fell short in his efforts to secure the support of three-quarters of the members of Parliament to amend sections 159 and 160 of the constitution.

    The prime minister’s proposed amendments also sought to remove the need for a national referendum altogether. While the bill passed its first reading with support from several opposition MPs, it failed narrowly at the second reading.

    Video: RNZ Pacific

    While the bill passed its first reading with support from several opposition MPs, it failed narrowly at the second reading.

    Jope Tarai, an indigenous Fijian PhD scholar and researcher at the Australian National University, told RNZ Pacific Waves that “it is quite obvious that it is not going to be the end” of Rabuka’s plans to amend the constitution.

    However, he said that it was “something that might take a while” with less than a year before the 2026 elections.

    “So, the repositioning towards the people’s priorities will be more important than constitutional review,” he said.

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

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: amana Expands Crypto Offering to 450+ Coins – The Largest Selection Among MENA Brokers

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, March 17, 2025 (GLOBE NEWSWIRE) — amana, MENA’s leading neobroker, is redefining trading by adding 300+ new cryptocurrencies, bringing its total to 450+ coins—the most from any local broker. This unmatched range cements amana as the go-to platform for seamless digital and traditional asset trading in one powerful app.

    This milestone fills a major gap: most crypto platforms focus solely on digital assets, while traditional brokers offer little to no crypto access. amana bridges both worlds, giving traders everything they need in one place—no multiple accounts required.

    All-in-One

    With amana, traders no longer need multiple accounts or brokers to access different asset classes.

    • 450+ cryptocurrencies – The widest selection from any broker in MENA, including majors like Bitcoin or Ethereum and XRP, gaming coins like Decentraland, meme coins like the Trump coin, L1/L2s, DeFi, and many more
    • U.S. stocks – Direct access to top companies, like Tesla or Microsoft
    • FX, commodities, gold, futures and CFDs – A full range of trading opportunities
    • Gold and global stocks ETFs, as well as REITs and MENA stocks for investors
    • Automated investment plans – Making wealth building effortless
    • Flexible trading options: Leveraged or unleveraged

    “Trading crypto has never been this effortless,” said Muhammad Rasoul, CEO of amana. “With over 450 coins and a seamless all-in-one platform, we’re making it easier than ever for our customers to trade digital assets alongside stocks, forex, and commodities—all in one place, with zero hassle.”

    Unmatched Access
    This expansion isn’t just about quantity—it’s about seamless access, competitive pricing, and a frictionless trading experience. amana’s intuitive app makes crypto and traditional asset trading as easy as a few taps, empowering both seasoned traders and new investors.

    With the biggest crypto offering among local brokers and unparalleled access to global markets, amana is now MENA’s ultimate one-stop trading platform for a fully diversified investment and trading portfolio.

    This unique positioning has made amana one of the region’s fastest-growing players, with over 320,000 new users since its app launch in Sept 2022.

    About amana

    amana is a leading neobroker. It provides retail investors and active traders with direct access to the global financial markets, serving clients across MENA. It operates multiple offices across Dubai, London, Limassol, and Beirut.

    CONTACT: Contact: Karolina Slowikowska, Director of Communications, at karolina.slowikowska@amanacapital.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/54e1b55b-cf40-483d-ab8c-0bb0caa9d4e6

    The MIL Network

  • MIL-Evening Report: Japanese encephalitis has claimed a second life in NSW and been detected in Brisbane. What is it?

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

    encierro/Shutterstock

    A second man has died from Japanese encephalitis virus in New South Wales on March 6, the state’s health authorities confirmed on Friday. Aged in his 70s, the man was infected while holidaying in the Murrumbidgee region.

    This follows the death of another man in his 70s in Sydney last month, after holidaying in the same region in January.

    Japanese encephalitis virus has also been detected for the first time in mosquitoes collected in Brisbane’s eastern suburbs, Queensland health authorities confirmed on Saturday.

    With mosquito activity expected to increase thanks to flooding rains brought by Ex-Tropical Cyclone Alfred, it’s important to protect yourself from mosquito bites.

    What is Japanese encephalitis virus?

    Japanese encephalitis is one of the most serious diseases that spreads via mosquitoes, with around 68,000 cases annually across Southeast Asia and Western Pacific regions.

    The virus is thought to be maintained in a cycle between mosquitoes and waterbirds. Mosquitoes are infected when they feed from an infected waterbird. They then pass the virus to other waterbirds. Sometimes other animals, and people, can be infected.

    Pigs are also a host, and the virus has spread through commercial piggeries in Victoria, NSW and Queensland. (But it poses no food safety risk.)

    Feral pigs and other animals can also play a role in transmission cycles.

    What are the symptoms?

    Most people infected show no symptoms.

    People with mild cases may have a fever, headache and vomiting.

    In more serious cases – about one in 250 people infected – people may have neck stiffness, disorientation, drowsiness and seizures. Serious illness can have life-long neurological complications and, in some cases, the infection can be life-threatening.

    There’s no specific treatment for the disease.

    When did Japanese encephalitis get to Australia and why is it in Brisbane?

    Outbreaks of Japanese encephalitis had occurred in the Torres Strait during the 1990s. The virus was also detected in the Cape York Peninsula in 1998.

    There had been no evidence of activity on the mainland since 2004 but everything changed in the summer of 2021–22. Japanese encephalitis virus was detected in commercial piggeries in southeastern Australia during that summer.

    This prompted the declaration of a Communicable Disease Incident of National Significance. At the time, flooding accompanying the La Niña-dominated weather patterns and a resulting boom in mosquito numbers, and waterbird populations, was thought responsible.

    The virus has spread in subsequent years and has been detected in the mosquito and arbovirus surveillance programs as well as detection in feral pigs and commercial piggeries in most states and territories. Only Tasmania has remained free of Japanese encephalitis virus.

    Human cases of infection have also been reported. There were more than 50 cases of disease and seven deaths in 2022.

    Cases of Japanese encephalitis have already been reported from Queensland in 2025.

    Due to concern about Japanese encephalitis virus and other mosquito-borne pathogens, health authorities around Australia have expanded and enhanced their surveillance programs.

    In Queensland, this includes mosquito monitoring at a number of locations, including urban areas of southeast Queensland. Mosquitoes collected in this monitoring program tested positive for Japanese encephalitis virus, promoting the current health warnings.

    Why is its detection in Brisbane important?

    Up to now, scientists have thought the risk of Japanese encephalitis was likely greatest following seasons of above-average rainfall or flooding. This provides ideal conditions for waterbirds and mosquitoes.

    But the activity of Japanese encephalitis virus over the summer of 2024–25 has taken many scientists by surprise. Before Ex-Tropical Cyclone Alfred arrived, there had been somewhat dry conditions with less waterbird activity and low mosquito numbers in many regions of eastern Australia.

    However there has still been widespread Japanese encephalitis virus activity in Victoria, NSW and Queensland.

    To date, Japanese encephalitis virus activity hasn’t extended to the coastal regions of southeast Queensland. The detection of the virus in suburban Brisbane may require authorities to rethink exactly where the virus may turn up next. Authorities are ramping up their surveillance to see just how widespread the virus is in the region.

    Health authorities and scientists are also trying to understand how the virus moved from western areas of the state to the coast and what drives virus transmission in different regions.

    There is currently no evidence the virus is active in coastal regions of northern NSW.

    Mosquitoes collected in Brisbane have tested positive for Japanese encephalitis virus.
    A/Prof Cameron Webb (NSW Health Pathology)

    What can people do to protect themselves?

    Avoiding mosquito bites is the best way to reduce the risk of Japanese encephalitis virus.

    Cover up with long-sleeved shirts and long pants for a physical barrier against mosquito bites.

    Use topical insect repellents containing DEET, picaridin, or oil of lemon eucalyptus. Be sure to apply an even coat on all exposed areas of skin for the longest-lasting protection.

    Ensure any insect screens on houses, tents and caravans are in good repair and reduce the amount of standing water in the backyard. The more water there is around your home, the more opportunities for mosquitoes there are.

    A safe and effective vaccine is available against Japanese encephalitis. Each state and territory health authority (for example Queensland, NSW, Victoria) have specific recommendations about access to vaccinations.

    It may take many weeks following vaccination to achieve sufficient protection, so prioritise reducing your exposure to bites in the meantime.

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

    Andrew van den Hurk has received funding from local, state and federal agencies to study the ecology of mosquito-borne pathogens, and their surveillance and control. He is an employee of the Department of Health, Queensland government.

    ref. Japanese encephalitis has claimed a second life in NSW and been detected in Brisbane. What is it? – https://theconversation.com/japanese-encephalitis-has-claimed-a-second-life-in-nsw-and-been-detected-in-brisbane-what-is-it-252373

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Asia-Pac: President Lai addresses opening of 2025 Yushan Forum

    Source: Republic of China Taiwan

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

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    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

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    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-21
    President Lai meets Abe Akie, wife of late Prime Minister Abe Shinzo of Japan
    On the morning of February 21, President Lai Ching-te met with Abe Akie, the wife of late Prime Minister Abe Shinzo of Japan. In remarks, President Lai thanked Mrs. Abe for carrying on the legacy of former Prime Minister Abe, being a benevolent and determined force for regional peace and prosperity, and calling on all parties to continue to place attention on peace in the Taiwan Strait. The president stated that Taiwan will carry on the legacy and spirit of former President Lee Teng-hui and former Prime Minister Abe, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. A translation of President Lai’s remarks follows: Last May, Mrs. Abe came to Taiwan to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao, and we reminisced about the past here at the Presidential Office. I would like to warmly welcome her back today. I am also delighted to be meeting with all guests in attendance. Yesterday, Mrs. Abe and I attended the opening of the very first Halifax Taipei forum, for which Mrs. Abe also delivered a keynote speech earlier today. In her speech, she offered valuable input on global security and democratic development. I would like to thank Mrs. Abe for making this special trip to Taiwan to take part, showing her strong support for Taiwan. Former Prime Minister Abe pioneered the vision of a free and open Indo-Pacific, and called on the international community to pay attention to peace and stability in the Taiwan Strait and Indo-Pacific. These have become common strategic goals of democratic countries around the world and will have a far-reaching influence over international developments and Taiwan’s security. They were important contributions that former Prime Minister Abe made in regard to the Taiwan Strait and the Indo-Pacific region. Recently, current Prime Minister of Japan Ishiba Shigeru and United States President Donald Trump held a meeting and jointly reiterated the importance of peace and stability across the Taiwan Strait, as well as opposed unilateral changes to the status quo by force or coercion. They also expressed support for Taiwan’s participation in international organizations. This shows that Prime Minister Ishiba is furthering the legacy of former Prime Minister Abe. We are very grateful for the former prime minister’s friendship toward Taiwan, and to Mrs. Abe for carrying on his legacy. Mrs. Abe is a benevolent and determined force for regional peace and prosperity, and has called on all parties at numerous public venues to continue to place attention on peace in the Taiwan Strait. Last December, for instance, she traveled at the invitation of President Trump and his wife to the US, where she addressed cross-strait issues and spoke up for Taiwan. We were deeply moved by this. As authoritarian states continue to expand, Taiwan will keep working alongside like-minded nations such as Japan and the US, as well as the European Union, to jointly contribute to regional and global peace and prosperity. I look forward to continued advancement of regional peace and prosperity with the help of Mrs. Abe’s efforts. Mrs. Abe will also be meeting with daughter of former President Lee and Lee Teng-hui Foundation Chairperson Annie Lee (李安妮) tomorrow. Former President Lee and former Prime Minister Abe were both fully devoted to promoting Taiwan-Japan relations. We will carry on their legacy and spirit, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. In closing, I wish you all a smooth and successful visit. Mrs. Abe then delivered remarks, first expressing her sincere thanks to President Lai for taking the time to meet. She said that former Prime Minister Abe hailed from Yamaguchi Prefecture, and that accompanying her that day were House of Councillors Member Kitamura Tsuneo, Yamaguchi Prefecture Governor Muraoka Tsugumasa, Yamaguchi Prefectural Assembly Deputy Speaker Shimata Noriaki, and many other important figures from Yamaguchi. If former Prime Minister Abe’s spirit could look upon this scene, she said, he would certainly be very pleased. Mrs. Abe recalled that when the former prime minister passed away, then-Vice President Lai traveled to their official residence to express his condolences and pay tribute. She said that she will never forget such a gesture of deep friendship, heartfelt condolences, and care. The year before last, she indicated, a memorial photo exhibition for former Prime Minister Abe was held in Taiwan, and many Taiwanese people from all walks of life came to view it. Last year, Mrs. Abe continued, she had the privilege of attending President Lai’s inauguration ceremony, where she met with many friends from Taiwan and personally felt the close and beautiful ties that Taiwan and Japan share. Mrs. Abe stated that she will carry out the wishes of former Prime Minister Abe and do her utmost to help raise Taiwan-Japan relations to new heights, saying that she looks forward to hearing the advice that President Lai and all those present have to offer. The delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News

  • MIL-OSI China: China maintains stable employment despite seasonal fluctuation

    Source: China State Council Information Office

    China’s overall employment landscape has remained stable despite a fluctuation in its urban unemployment rate due to the Spring Festival holiday, official data showed Monday.

    The country’s surveyed urban unemployment rate on average stood at 5.3 percent in the first two months of 2025, unchanged from the same period last year, according to data from the National Bureau of Statistics (NBS).

    In February, the surveyed urban unemployment rate was 5.4 percent, up from 5.2 percent in January.

    NBS spokesperson Fu Linghui said that the rate typically fluctuates in the January-February period due to the Spring Festival holiday, which ran from Jan. 28 to Feb. 4 this year.

    China’s efforts to stimulate domestic demand, promote high-quality development, upgrade traditional industries, and foster emerging sectors and business models are expected to provide a strong foundation for job growth, Fu told a press conference.

    This year, significant efforts are still needed to stabilize and expand employment, he said, noting that “the international environment is complex and challenging, while the foundation for domestic economic recovery is not yet stable.”

    China has set a target for a surveyed urban unemployment rate of around 5.5 percent in 2025 and aims to create over 12 million new urban jobs, according to this year’s government work report released last week.

    This year, the country is committed to further refining the employment-first policy and making better use of various types of funds and resources to provide stronger support. These policies are expected to maintain overall employment stability as their impact continues to unfold, according to Fu. 

    MIL OSI China News

  • MIL-Evening Report: Coalition promises Australian version of United States’ RICO act to target CFMEU

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Opposition Leader Peter Dutton has announced a Coalition government would introduce legislation, based on an American law used to pursue the Mafia, to enable police to target the “kingpins” of criminal organisations such as outlaw motorcycle gangs.

    This follows new allegations by Nine newspapers and 60 Minutes about the rogue union the CFMEU. The allegations include “the employment of ‘baseball-twirling violent people’ on the [Victorian government’s] Big Build, where women have been bashed and then black-banned after they complained”.

    The Nine investigation further alleged that “gangland and bikie-linked figures are receiving large payments from companies on publicly funded projects looking to gain favour with union insiders, leaving state and federal taxpayers in effect underwriting payments to the underworld.”

    The Coalition said Monday the proposed new offences would “be based on the highly effective Mafia takedown laws in the US”. Dutton and shadow ministers Michaelia Cash and James Paterson said in a statement:

    By targeting groups that engage in a pattern of criminal behaviour, these offences will put police in the position where they can target the criminal organisation and its leadership.

    This  means the bosses and kingpins of groups such as outlaw motorcycle gangs can be jailed even if they distance themselves from the crimes their organisations commit.

    Dutton described the CFMEU as “a modern-day mafia operation”. He added:

    The culture of criminality and corruption is so entrenched, and it will never change – especially under the weak and incompetent Albanese Labor government.

    Dutton claimed the CFMEU affair was the “biggest corruption scandal in our country’s history”.

    The opposition said it would also set up an Australian Federal Police-led taskforce that would bring together federal law enforcement agencies and state and territory police forces to target criminal behaviour.

    After the latest revelation surfaced in Nine media at the weekend, Workplace Relations Minister Murray Watt said on social media he would refer the allegations to the police.

    On Monday, Watt condemned Dutton’s proposal for a new law.

    We don’t need to import an American racketeering law – we already have our own laws to go after ‘kingpins’, such as section 390.6 of the Criminal Code, which already deals with directing criminal organisation.

    He also condemned the opposition’s long-standing policy to deregister the union, saying this would mean there was no regulation.

    Peter Dutton’s reckless desire for a headline puts at risk the investigations and crime-fighting that the Coalition never bothered to commence in their decade in office.

    Victoria police is undertaking an investigation into the fresh allegations.

    The US Racketeer Influenced and Corrupt Organisations (RICO) Act, dating from 1970, enables prosecutors to take down whole mob-related organisations rather than having only the power to deal with figures individually. It is intended to deal with mob bosses who could not be directly connected to the crimes.

    Its use, however, has extended well beyond mob prosecutions to a range of targets, from street gangs to politicians.

    US President Donald Trump was charged under Georgia’s RICO act for “knowingly and willfully joining a conspiracy to unlawfully change the outcome of the [2020] election”.

    The construction and general division of the CFMEU has been in administration since last August.

    The union’s national secretary, Zach Smith, said on Facebook: “We cannot  let our union or our industry be a safe haven for criminality of corruption”.

    He also said that “violence against women is completely unacceptable to our union”.

    Michelle Grattan 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. Coalition promises Australian version of United States’ RICO act to target CFMEU – https://theconversation.com/coalition-promises-australian-version-of-united-states-rico-act-to-target-cfmeu-252172

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous

    Source: The Conversation (Au and NZ) – By Milad Haghani, Associate Professor & Principal Fellow in Urban Risk & Resilience, The University of Melbourne

    A fire at a nightclub in North Macedonia has killed at least 59 people and injured more than 150. The blaze broke out at the Pulse nightclub in Kočani, where around 500 people were attending a concert.

    Witnesses reported that pyrotechnics used during the performance ignited the ceiling, causing flames to spread rapidly.

    Authorities have arrested 20 people so far, including the club’s manager. Investigations continue. The North Macedonian government has declared a seven-day mourning period.

    While building fires are not limited to nightclubs, many of the most devastating building fires in history have happened in nightclubs around the world. So why are nightclubs such a risky place for deadly fires?

    A long history of nightclub fires

    A look at past nightclub fires shows just how common and deadly they’ve been in the past 100 years. We identified at least 24 nightclub fires where ten or more people died since 1940.

    Collectively, these 24 incidents account for at least 2,800 deaths, with nearly 1,300 in the 21st century alone.

    The Cocoanut Grove fire (Boston, 1942) remains the deadliest on record, killing 492 people. The club’s flammable decorations and locked exits turned what should have been an ordinary night out into one of the worst fire disasters in history.

    In Argentina, the República Cromañón fire killed 194 people in 2004, caused by pyrotechnics igniting flammable materials inside the club.

    The Kiss nightclub fire in Brazil in 2013 was even deadlier, claiming 242 lives.

    More recently, Thailand’s Mountain B nightclub fire killed 23 people in 2022.

    And in 2023, 13 people died in a fire at the Fonda Milagros nightclub in Spain.

    Now, North Macedonia’s Pulse nightclub joins this long list.

    Why are nightclubs so risky for fires?

    A review of past nightclub fires we’ve collated in our database reveals common patterns. Two key factors have contributed to the frequency and severity of these fire disasters.

    1. Pyrotechnics, fireworks and flammable materials

    One of the most common causes of nightclub fires has been the use of pyrotechnics in enclosed spaces. Pyrotechnics are controlled chemical reactions designed to produce flames, smoke, or light effects.

    They have been involved in at least six of the deadliest nightclub fires, including the recent Pulse nightclub fire in North Macedonia, as well as The Station (United States, 2003), Kiss (Brazil, 2013), Colectiv (Romania, 2015), Lame Horse (Russia, 2009) and República Cromañón (Argentina, 2004).

    When used indoors, pyrotechnics can easily ignite flammable ceiling materials, acoustic foam, or decorations.

    In some cases, fireworks – which are different from stage pyrotechnics and sometimes illegally used indoors – have played a role. The Lame Horse nightclub fire, which killed 156 people in Russia in 2009, was caused by a spark from fireworks igniting a low ceiling covered in flammable plastic decorations.

    Even when fires don’t start from pyrotechnics or fireworks, the materials used in nightclub interiors can rapidly turn a small fire into a major disaster.

    Foam insulation, wooden panelling, plastic decorations and carpeted walls have all been key factors in past nightclub fires. In Cocoanut Grove (Boston, 1942), artificial palm trees and other flammable decorations accelerated the blaze.

    2. Overcrowding and blocked or insufficient exits

    Evacuation failures have been a factor in nearly every major nightclub fire.

    In some instances, crowds may not immediately recognise the severity of the situation, especially if they mistake alarms for false alarms or special effects (for example, smoke machines, loud music).

    Further, patrons could be intoxicated due alcohol or other drugs. Intoxication combined with potential disorientation due to dim lighting can further reduce judgement during an evacuation.

    Clearly, the best way to protect patrons is to prevent a fire from breaking out in the first place. But in settings where fire risks are inherently high, the ability to evacuate people swiftly is crucial.

    Nightclubs, however, have a poor track record when it comes to evacuation safety measures.

    Nightclubs are among the most crowded indoor spaces. While crowd density is part of a nightclub’s design and atmosphere, overcrowding beyond legal capacity is common.

    A crowd that has gradually gathered over several hours must suddenly evacuate in seconds or minutes to survive a fire. This is made more difficult by narrow hallways and limited exits, which quickly become bottlenecks when hundreds of people attempt to escape at once.

    What’s more, not all exits are always accessible during a fire. In several past nightclub disasters, locked or obstructed emergency exits have significantly worsened the death toll.

    Minimising the risks

    Nightclubs are uniquely vulnerable to fires due to a combination of structural risks, unsafe materials, overcrowding and regulatory failures.

    While human behaviour plays a role in how fires unfold in confined spaces such as nightclubs, people should be able to go for a night out and expect to come home safely.

    Regulatory oversight must ensure strict compliance with fire codes. Venues should have fire suppression systems (such as sprinklers, fire extinguishers and smoke detectors) to control or contain fires before they spread, and adequate exits.

    Nightclubs should ban indoor pyrotechnics and fireworks, as history has repeatedly shown their deadly consequences.

    Capacity limits must be enforced, and emergency exits should always be accessible.

    Australia has strict fire safety regulations for nightclubs, with venues required to have fire suppression systems, emergency exits and trained staff to manage fire risks.

    Public awareness is also key. Patrons need to understand the real risk of fires in nightclubs, and be prepared to evacuate swiftly but calmly if danger arises.

    Ruggiero Lovreglio receives funding from Royal Society Te Apārangi (NZ) and National Institute of Standards and Technology (USA).

    Milad Haghani 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. Many of history’s deadliest building fires have been in nightclubs. Here’s why they’re so dangerous – https://theconversation.com/many-of-historys-deadliest-building-fires-have-been-in-nightclubs-heres-why-theyre-so-dangerous-252372

    MIL OSI AnalysisEveningReport.nz

  • MIL-Evening Report: Trump is surveying Australian academics about gender diversity and China – what does this mean for unis and their research?

    Source: The Conversation (Au and NZ) – By Brendan Walker-Munro, Senior Lecturer (Law), Southern Cross University

    Shortly after taking office, US President Donald Trump issued executive orders banning federal funding on so-called “woke” research.

    This is part of his broader ban on all diversity, equity and inclusion (DEI) policies, grants and programs in the US government.

    These orders are massive in scope, impacting studies as varied as stroke recovery, computing and ancient languages.

    The impact in the United States so far has been dramatic. Some universities are already cutting student admissions and looking at ways to shed academic staff and researchers.

    Now the ban has impacted Australian researchers who have links to US government-funded projects. The Trump Administration is asking for information on how their research fits in with US foreign and domestic policy.

    What has happened?

    The US government has sent a 36-point questionnaire to some Australian researchers who are working on joint projects with US colleagues.

    ABC Radio National reports at least eight Australian universities are involved. Their research areas include foreign aid, medicine, vaccines and defence. The New York Times reports a similar document has also been sent to other overseas organisations with US funding links.

    The questions are wide-ranging and cover academics’ links to China as well as their projects’ focus on topics such as diversity, inclusion and gender identity, as well as climate change.

    Some of the specific questions include:

    Can you confirm that your organisation has not received ANY funding from PRC People’s Republic of China, Russia, Cuba or Iran?

    Can you confirm that this is no DEI [diversity, equity and inclusion] project or DEI elements of the project? [sic]

    Does this project take appropriate measures to protect women and to defend against gender ideology as defined in the below Executive Order?

    Can you confirm this is not a climate or “environmental justice” project or include such elements?

    The survey also covers issues such as secure borders with Mexico, ending government waste, terrorism, the war on opioids, and “eradicating anti-Christian bias”.

    Concern and anger

    In response, the Group of Eight (which represents Australia’s top research universities) and Australian Academy of Science have separately raised concerns with the Australian government about the survey and its impact on Australian research.

    The Group of Eight says the US has already suspended or terminated research grants with six of its eight member universities.

    The National Tertiary Education Union also labelled the survey “blatant foreign interference”.

    A spokesperson for Education Minister Jason Clare says Australia is
    “engaging with the US government to understand what these measures mean for future funding and collaboration”.

    Are Trump’s orders legal?

    Trump’s executive orders are currently the subject of numerous lawsuits in the US. Plaintiffs say Trump’s orders violate the First and Fifth Amendments – those dealing with protection of free speech, equal protection and “due process of law” when depriving a citizen of property.

    Whether Trump’s orders are legal or not is a tricky question, and will likely come down the judges hearing each case.

    In the meantime, US government agencies are withholding funding anyway. Reports also suggests Trump has instructed his administration to ignore court orders – hardly surprising, given Trump’s history of contempt of US courts.

    What does this mean for Australia?

    US involvement in Australian research is significant. According to the Academy of Science, US government research funding involving Australian research organisations was $A386 million in 2024.

    It is arguable Trump’s orders infringe Australian sovereignty. But the US has always had the capacity to interfere in Australian university research – it just hasn’t actually done it until now.

    Research contracts signed between universities and funding bodies can contain all kinds of requirements, so US law can end up applying to Australian researchers. When the AUKUS deal was announced in 2021, a huge question was how universities would comply with notoriously harsh US export control laws.

    The survey indicates it was issued by the US Office of Management and Budget and appears to be supported by the US CHIPS and Science Act (which authorises certain research investments) and National Science Foundation policies. So, while Australian researchers could potentially ignore these questionnaires, that would legally give a US funding body grounds to cancel the funding contract.

    Our foreign interference laws also weren’t designed for situations like this. Even if they did, Trump is the current head of the US government, and is likely to be immune from prosecution

    Statutory tests for foreign interference – including criteria that such acts are covert, and/or involve threats of harm – simply don’t apply to a US president like Trump.

    So legally, it doesn’t look like there is much Australia can do about Trump’s orders.

    What can Australia do?

    Some newly unemployed researchers are now poised to leave the US, taking their research with them. This poses a potential security risk, with countries such as China and Russia both keen to capitalise on Trump’s decisions.

    But other nations are also aware of the possibilities. The European Union has already offered displaced US scientists a more “sympathetic place to work”. South Korea and Canada are also marketing themselves as attractive options. Australia could follow suit.

    The federal government is currently doing a strategic review of Australia’s research and development system. This could make diversifying our research partners a national priority.

    This could include revisiting a 2023 decision, not to join Horizon Europe – the European Union’s key research fund.

    Either way, given such radical changes in the US, Australia needs to seriously reconsider how it is funding and structuring research.

    Brendan Walker-Munro has consulted for the Australian Strategic Policy Institute (ASPI) and the Independent National Security Legislation Monitor, and is also an Adjunct Expert Associate of the National Security College. He has received funding from the Social Cyber Institute and Active Cyber Defence Alliance.

    ref. Trump is surveying Australian academics about gender diversity and China – what does this mean for unis and their research? – https://theconversation.com/trump-is-surveying-australian-academics-about-gender-diversity-and-china-what-does-this-mean-for-unis-and-their-research-252282

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: China invites global scientific community on its Mars mission

    Source: China State Council Information Office 2

    Photo released on Jan. 1, 2022 by the China National Space Administration (CNSA) shows the group photo of the orbiter and Mars. China released on the first day of 2022 a group of new Mars images taken by the Tianwen-1 probe. China’s Tianwen-1 mission, consisting of an orbiter, a lander and a rover, was launched on July 23, 2020. [Photo/CNSA]
    China has invited the global scientific community to participate in its Tianwen-3 Mars exploration mission, according to a statement released by the China National Space Administration (CNSA) on March 11.
    Scheduled for launch around 2028, the Tianwen-3 mission is accepting project proposals from interested institutions until the end of June, with final selections expected by October.
    Proposed payloads must align with the mission’s core scientific objectives, such as the search for potential traces of life on Mars. CNSA emphasized that selected projects should demonstrate strong innovation in scientific exploration and engineering technology.
    While payloads can be included free of charge, foreign partners must independently fund their development and agree to share their data with China. CNSA also encouraged international institutions to collaborate with Chinese payload developers.
    The Tianwen-3 mission will consist of a lander, ascender, orbiter and returner. In addition to investigating signs of life, it aims to study the geological features of Mars, its internal structure, atmospheric circulation and escape processes to enhance understanding of the planet’s habitability.
    CNSA noted that the samples collected by Tianwen-3 are expected to return to Earth around 2030.

    MIL OSI China News