NewzIntel.com

Category: Politics

  • MIL-OSI Australia: Doorstop – UTAS, Sydney campus

    Source: Murray Darling Basin Authority

    JASON CLARE, MINISTER FOR EDUCATION: Thanks very much for coming along this morning. 

    I’m here at the University of Tasmania’s campus right here in the heart of Sydney training the next generation of nurses and paramedics. And a couple of weeks ago we kicked off for the first time paid prac. That’s financial support. 

    Paid prac is financial support for teaching students, for nursing students, for midwifery students and for social work students to provide them with a little bit of financial help while they do the practical part of their training, with the practical part of their university degree. 

    Placement poverty is a real thing. As we developed the Universities Accord, one of the things that leapt out time after time talking to students was the financial challenges that come with doing the practical part of your university degree. And students over there in the background mentioned it to me just a minute ago. One student told me that she had to delay or extend her degree for a year just because of the financial challenges of doing your prac and having enough money to put food on the table, to pay your bills. This is one of a whole suite of recommendations in the Universities Accord that we’re implementing. 

    Another thing that came out of the Universities Accord was the reform that is needed to our HECS system, or what we used to call HECS – what we now call HELP – to student debt. Next week I’ll introduce two pieces of legislation into the Federal Parliament. The first cuts students debt by 20 per cent and the second one will cut funding to child care centres that aren’t up to scratch. 

    On the first bill, this is something that we promised the Australian people during the election campaign – that we would cut the student debt of 3 million Australians by 20 per cent. It’s worth something in the order of $16 billion dollars. And for the average Australian with a student debt it will cut their debt by more than $5,500. It will take a lot of weight off the shoulders of a lot of young Australians who are just out of uni, just getting started, just getting on their feet looking to move out of home or save up to get a mortgage. That money taken off their HECS bill will make a world of difference. 

    And the other bill that we’ll introduce next week, as I said, will cut funding from child care centres that aren’t up to scratch. This is something that we promised in the last week of Parliament before the election was called. We did that in response to the revelations that came out of the Four Corners exposé earlier this year about abuse and neglect in child care centres. 

    The truth is that if we want real reform in early education and care, if we want every child care centre to pay attention to safety, to give it the priority that it needs and deserves, then the most powerful weapon the Federal Government has to wield here is money. Child care centres don’t work, don’t operate without the child care subsidy. It represents about 70 per cent of the funding that runs a child care centre. 

    The purpose of this legislation isn’t to shut child care centres down, it’s to raise standards up. What it will do is set conditions on centres that if they don’t meet the sort of standards that parents expect and that our kids deserve, then funding will be suspended or removed entirely. And, as I said, the purpose of this is not to shut centres down but to lift standards up. It’s just one of the things that we need to do to improve the safety of children in our child care centres. 

    Today I’m also releasing this document, which is a roadmap of some of the key reforms that we will roll out in education over the next 12 months. It doesn’t set out everything, but it sets out some of the key reforms, including this legislation to cut student debt by 20 per cent, including this legislation to cut funding to child care centres that aren’t up to scratch. But this year we will also introduce legislation to improve the integrity of the international education system and legislation to permanently establish an Australian Tertiary Education Commission. That and much more that’s needed to make our education system better and fairer and safer. 

    Happy to take some questions. 

    JOURNALIST: Minister, on child care, when can we expect to see a national child care worker register up and running, and what’s the process from here to establish that? 

    CLARE: It’s a good question. I was asked this question this morning. Work is already underway on that. States and territories have agreed that we need one and we need to accelerate the work to stand that up. 

    The first steps are what the states are taking now – Victoria has already said that it will augment its existing teacher register to include the educators that work in their centres. They think that they can do that over the course of the next few months. What we want to do is see all states build that up and then join it up. So that work is underway with states at the moment as well as the federal authority that’s responsible in this area, called ACECQA. 

    JOURNALIST: You have acknowledged that the government has been too slow on child care reform. Who’s the minister responsible for that, and who do you hold responsible for the fact that it has been slow? 

    CLARE: I’ve been pretty blunt. I’ve said that, yes, action has been taken but more action is needed and it needs to happen quicker. I don’t think Australian parents are interested in excuses here. They want action. And action requires all levels of government to work together and the industry to join in as well. 

    Have a look at the revelations today that another 800 children have to get tested, blood tests and urine tests. Think about the anxiety that mums and dads are going through today, think about the trauma that kids are going to have to go through with all of that testing. 

    Now, the company that runs those centres should have known where this bloke was and when he was working there. The Victorian Government is working as quickly as they can to track all of this down. But it highlights to me the importance of having a national database or a national register like the one you just asked in the previous question so you can track people down when they cross borders, when they move centres. 

    JOURNALIST: And what point do you think it would become – you know, that particular case, that person moved around a lot. At what point do you think it would become suspicious if someone within the system was moving around a lot? 

    CLARE: So conscious this is a live investigation, so let’s pose this question in general terms. 

    JOURNALIST: Yeah. 

    CLARE: If we build this register the right way it helps us to identify or prompt red flags when somebody is moving for the wrong reasons. There’ll be some times people who will move between centre and centre because they’re labour hire, but there may be instances where people are moving from centre to centre because they’re quietly being moved on. 

    If the system works the way it needs to work, when something is not right, the police are called and the regulator comes in. And, if necessary, the centre is shut down. 

    JOURNALIST: We’re hearing some parents demand that centres only have female staff. What do you think of that? 

    CLARE: I think you might have asked me this question, Fiona, last week, there’s a bit of media about this. Have a look at the Four Corners evidence that shows that this is not just a problem with blokes. It’s a problem with women as well. We’ve had royal commissions. We’ve had the child safety review that I commissioned after that serial paedophile was arrested and convicted in Queensland. We know what we need to do here. In none of those reports did they recommend this. What they’re recommending is that register, they’re recommending national mandatory safety training so that the 99.9 per cent of people who work in our centres who are good, honest, hard-working people who love our kids and care for them and educate our kids have the skills they need to identify the person that’s up to no good, and things like CCTV so that we can deter bad people from doing bad things and help police when bad things happen. There’ll be individual centres that will talk to mums and dads about the way in which they operate in the system. But just cutting blokes out of it all together is not going to be the solution. 

    JOURNALIST: Is it discrimination, Minister? 

    CLARE: I don’t think there’s any example of any other profession in the country where it’s gender specific. The more important point I want to stress here is if we’re serious here about making sure that our kids are looked after and they’re safe, just identifying one gender is not the way to do it. 

    JOURNALIST: And also just on a follow-up on this matter, parents have naturally lost confidence in the system because of what’s happened. Some parents are now opting for in-home care where grandparents or relatives look after kids. Would you ever envisage a situation where the government might subsidise something like that, where parents or grandparents got paid to look after their grandchildren or – 

    CLARE: That’s not something the government is considering. 

    What we want to make sure of is that the system is as safe as it needs to be. We want it to be affordable, we want it to be accessible, but most important of all we want our kids to be as safe as they possibly can be. 

    Now, this is an essential service for mums and dads. There’s more than a million mums and dads out there today who are watching this, it might be in their own workplace. They might be working from home, but they know how important this is. They can’t live the lives that they’re living without this. But it’s also important for their kids, too. It’s providing them with the building blocks for the education they’re yet to have. 

    If you ask principals and teachers at schools, they’ll tell you that they can identify the kids when they first arrive at primary school that have been in early education and care, whether it’s sitting up straight, whether it’s listening or whether it’s having those literacy and numeracy fundamentals. All of those things make them ready to learn. 

    Now, at the moment there’s lots of kids in early education and care, but there’s some that are still missing out because they’re from really poor and disadvantaged backgrounds. And they start school already behind. So, we’ve got to make the system better. We’ve got to make the system fairer. But, most importantly, we need to make the system safer. 

    JOURNALIST: Do you support Jillian Segal’s policies to withhold funding from universities if they fail to stop or address antisemitism? 

    CLARE: So, we’re considering Jillian Segal’s report, the Special Envoy on antisemitism. I won’t respond today to those recommendations. But there are things that we are already doing in this space. I need to underline the point that there is no place for the poison of antisemitism in our universities. 

    JOURNALIST: So, you won’t say whether you support – 

    CLARE: Hang on. 

    JOURNALIST: Sorry. 

    CLARE: There’s no place for the poison of racism in all of its ugly and obnoxious forms in our universities or anywhere else. I’m not going to say today what our response to that recommendation will be. What I will say is we’ve taken a number of steps already. We’ve established a National Student Ombudsman for the first time so students that make complaints to their universities that are unheard have an independent person to complain to. And that ombudsman is up and running right now. 

    Second is TEQSA, who is the higher education regulator, already has powers in this area, whether it’s to put conditions on universities or to apply to a court to impose fines on universities. There’s an open question about the powers that TEQSA has today and whether they should be changed. That’s something that is being considered right now as part of a broader review of university governance. 

    The other thing I would say is that I don’t intend to look at this report in isolation. But next month the Government will receive a report from the Special Envoy in Combating Islamophobia, and so we wait to see what his recommendations will be. And broader than that, I’ve asked the Race Discrimination Commissioner to conduct a review of racism in our universities. The fact is it exists in our universities in all its ugly forms – ask Indigenous students, ask Islamic students, ask Asian students, ask international students, ask the people who work in our universities of different backgrounds, and they’ll tell you that it is real and that action is needed. 

    Before we consider those recommendations to their final conclusion, I want to look at the recommendations of the Special Envoy on Islamophobia, and I also want to see the work of the Race Discrimination Commissioner. 

    JOURNALIST: Just on that same topic, does that mean you probably won’t expect the Government’s response to those recommendations, including funding, until after those reports come down? And there were also some specific mentions of social media and growing antisemitism amongst young people because of social media. Would you back an awareness campaign or the report’s recommendation of a project to support trusted voices to publicly refute antisemitic views? 

    CLARE: That’s a little outside my portfolio. I’d make the general point that social media plays a role here. It’s not the only reason, but one of the benefits of removing access to social media for young people under the age of 16 might be that less of this poison enters the ears and eyeballs of our young Australians. 

    On your first question, we expect to see that report from the Special Envoy on Islamophobia next month. We’ll get the report from the Race Discrimination Commissioner later this year. But I do think I need to look at all of those reports that might make different recommendations here. I want to tackle racism in whatever form it comes. 

    JOURNALIST: So, it would be a holistic response, not just addressing antisemitism? 

    CLARE: There are recommendations in that report that apply to education. There’s recommendations that apply to other parts of government as well. 

    JOURNALIST: So, it won’t be accepted in full, the recommendations? 

    CLARE: I didn’t say that. Don’t put words in my mouth. 

    JOURNALIST: At the same time, then? 

    CLARE: I’m saying that we’re considering it carefully. We’ve got to consult as part of that. I want to see what the Special Envoy on Islamophobia has to say as well. I think that’s fair. I think that’s the right thing to do. But it’s not just antisemitism and it’s not just Islamophobia – ask Indigenous kids at university today and they’ll say, “well, don’t forget me.” 

    JOURNALIST: So next month we’ll expect – 

    CLARE: Next month, we’ll receive the report from the Special Envoy on Islamophobia. 

    JOURNALIST: And then you’ll hand down – or you’ll say whether you adopt the recommendations? 

    CLARE: Next month we’ll receive the report from the Special Envoy on Islamophobia. Later this year, we’ll get the report from the Race Discrimination Commissioner, which will look at this across the board. 

    JOURNALIST: And I do have just one more on funding and then we can go back to child care. But there have been some comparisons of this funding issue to the Trump administration, what we’ve seen with Harvard and Columbia University. Is that really something that a Labor Government would consider doing – removing funding from a public institution? So, isn’t that kind of a gross overreach, as some people have said? 

    CLARE: I’ll make no comment on that. Have a look at my previous answer. I made the point that TEQSA, the regulator, has powers here already. They’re different in kind to what’s being recommended in this report. But they enable TEQSA to go in and either put conditions on a university or to penalise them, to apply to a court to issue fines. There’s an open question about the role that TEQSA plays here. They’re already playing an important role in helping universities to lift their standards. I mentioned a couple of pieces of work that are ongoing in Government at the moment. There’s a separate piece of work on improving the governance of our universities generally. You would have seen reports today from chancellors, which I welcome, about how do we improve the way in which decisions are made about the remuneration of vice chancellors. That makes sense on its face to me, but that body that’s doing that work about the governance of our universities will present its recommendations to Government in October of this year. 

    JOURNALIST: On that, can I just ask you – this is a bit outlandish – but do you think VCs are overpaid? 

    CLARE: Well –

    JOURNALIST: Given that 

    CLARE: My answer to that is that I think it makes sense – I think it makes a lot of sense, the decisions around the pay of vice-chancellors to be considered by the Remuneration Tribunal. That’s what chancellors have suggested today. When you think about it, public universities are largely funded by public funds. Politicians’ salaries are set by the Remuneration Tribunal. So are the salaries of judges and public servants. But I will wait to see that report, which we’ll get in a couple of months, about reforms to the governance of universities, not just salaries of vice‑chancellors but also what more we need to do in areas of wage theft and making sure that everybody who works in universities are properly paid. And then broader reforms that they’re considering about the councils, the senates, the boards of universities, how they operate, who are represented on them, to make sure that our universities are fit for the future.

    Our universities are incredibly important and they’re going to be more important tomorrow than they are today, just like TAFEs. When I was a kid less than 10 per cent of people had a university degree. Now it’s almost 50 per cent. We know that by the middle of this decade even more kids will go on to uni and more will go on to TAFE, and we’ve got to make sure that our whole tertiary education system is set up for them. And this is part of it. 

    JOURNALIST: Oh, hi Minister Clare, just back to child care, we learned yesterday that accused paedophile Joshua Brown worked at an additional four daycare centres, bringing the total now to 23. My question is: does the casualised nature of the workforce pose risks to children? And how will a centralised system for monitoring workers that you have planned actually work? 

    CLARE: This question gives me an opportunity to talk about the pay rise that’s rolling out for child care workers now. My older cousin has worked in the sector for 30 years. I remember when my eldest was first in child care I said, “how do I pick a good centre?” And she said, “find a place where the team has been there forever. Where they’re permanent and where they love working there and they all know each other, and they all know the kids.” Right. One of the benefits of paying people more is more people want to do the job. And we’ve seen already with the start of the rollout of the 15 per cent pay rise, more people applying to work in the sector and drop in vacancies. That’s going to help with that balance about permanency as well as casual workers. 

    I really do worry that with all of the horror that mums and dads are experiencing that people who work in this sector are just as angry and just as horrified with what they’re seeing and that a lot of people are feeling like there’s a target on their back and that they might not want to work here. We need good people in this sector more than ever, and this pay rise is one part of that. 

    In terms of how the register will work, that’s something that my Department is working with state and territory departments on right now. We’ve agreed that we need to do it. We’re working on the system and how it should work. I talked about setting it up and joining it up. And this will be one of the things that’s considered when education ministers meet for a standalone meeting on child safety next month. 

    JOURNALIST: Can I ask one more question about the Segal recommendations? 

    CLARE: Sure. 

    JOURNALIST: Former Labor Minister Ed Husic today came out and sort of told the Government not to be too heavy-handed, is how he put it, in responding to the antisemitism crisis. Do you have any thoughts on that? And do you think the report enacted in full would be too heavy-handed? 

    CLARE: It may be an opportunity to say that Ed’s a great bloke and he’s one of my best mates, and I take his counsel and advice all the time. And I think you can see from my answer today that this is something that we’re going to give careful consideration to, having a look at it not in isolation but having a look at racism in all its ugly forms across our universities and across our community.

    JOURNALIST: Is this something that you think that federal resources should be used to police, when it comes to universities and how they deal with these things? 

    CLARE: Sorry, Fi, just explain a little. 

    JOURNALIST: Is it – so when we’re talking about universities dealing with antisemitism and other related issues, should federal resources be used to monitor how they’re going with that? 

    CLARE: They already are. They already are. When you think about the decision that I made and that I got states to agree to set up the student ombudsman, it was very much about that. It wasn’t just about that. All of the horrific evidence that came to me when I first got this position about the sexual assault and harassment of particularly female students in our universities, in particular, in student accommodation, made me believe that action was required, and action was taken. And that’s why that ombudsman was set up. 

    That involves, I think more than $50 million dollars of taxpayer money, Commonwealth money, to set that agency up, to set that ombudsman up. And we’ve given that ombudsman real teeth so that when she makes a recommendation universities have to implement it. There’ll be legislation I’ll re-introduce into the parliament around that as well when parliament returns. 

    The investment that we’ve made to ask the Race Discrimination Commissioner to conduct a review into respect at unis, into racism in our universities, I think is evidence that I do believe the Commonwealth has a role here to make sure that our universities are safe places too, that many don’t feel afraid to go to uni. We want more people to want to study at uni. These are places where people study, work and live. They’ve got to be as safe as they possibly can be. There is no place for any type of racism in our country, whether it’s in our unis or anywhere else. 

    JOURNALIST: Dom, anything from you? 

    JOURNALIST: Yes, thank you. Just want to go back to the HECS stuff. 

    CLARE: Sure, mate. 

    JOURNALIST: And ask: with the introduction of the legislation next week, after that, when can we expect the next tranche of university reforms from the Accord? Do you have – is HECS still the focus of that tranche in terms of, you know, how it’s indexed, some other tweaks that can be made, will that be looked at soon? 

    CLARE: Thanks for the question. It’s an opportunity for me to explain in a little bit more detail the bill that will go in next week. 

    Number one, it will cut student debt by 20 per cent, but it will also make structural changes to the way HECS, or student debt operates. It will increase the amount of money you have to earn before you start paying off HECS from 54,000 to I think it’s about $67,000. 

    So, in other words, you don’t start paying off your university degree until your degree starts to pay off for you. And it makes an even more important structural change to the way in which you pay off the debt. It will effectively reduce the amount that you have to pay off each and every year when you’re on a low income. 

    So, the best way to explain that is if you’re on an income of $70,000 today, when this legislation passes it will reduce the minimum amount you have to repay every year by about $1,300. So that’s a real cost of living benefit for a lot of people that are on very modest incomes. 

    JOURNALIST: Just a two-parter then, still on HECS: in terms of has any modelling been done that by raising that people are worse off in the long term? For example, less payments equals more money that then gets indexed each year, so if you don’t reach that threshold, you know, for three more years, you’ve got a higher HECS debt that gets indexed and it kind of compounds? 

    CLARE: Okay, that’s an important opportunity to make the point that this is a minimum repayment. There is nothing that stops or will stop people from making additional repayments if they choose to do so.

    JOURNALIST: And then the indexation – sorry, just to clarify – the indexation I was referring to was how HECS, the money gets taken out every month, but then it gets only subtracted, I think, from the debt at the end of each year, or in June or something like that. So, indexation is applied. 

    CLARE: Okay. 

    JOURNALIST: Is that what you’re looking at as well? Is that part of the next tranche? 

    CLARE: So, in last year’s budget we announced part 1 of our response to the Universities Accord. This is a blueprint for the next decade. It’s a big report with a lot of recommendations. We have implemented now in part or in full about 31 of those recommendations. But over the – in part with the support of the Tertiary Education Commission, which has now been established in an interim reform a week or so ago, we will now look at other recommendations in that report and what the next steps need to be in reforming our higher education system, in making it better and fairer. And in the report, I released today, it touches on some of those things. 

    One of them, which is not the sexiest thing – it won’t make the front page of the paper – but it’s a structural change which is going to be very important is changing the way we fund our universities. That will start from January of next year. And the introduction for the first time ever of real needs-based funding for our universities. 

    Last year I struck agreements with every state and territory to fix the funding of our public schools on a needs-basis, like David Gonski said we should all those years ago. Now we want to apply the same sort of model to our universities, so funding follows the students and more students from disadvantaged backgrounds, from the outer suburbs of our cities, from our regions who need more support to not just start a degree but finish a degree get it. 

    JOURNALIST: And that includes the Jobs Ready Graduate Scheme? 

    CLARE: That’s something we’re asking ATEC to have a look at. All right. Thank you.

    ENDS

    MIL OSI News –

  • MIL-OSI Africa: Bribery in South Africa: law now puts a duty on companies to act

    Source: The Conversation – Africa – By Rehana Cassim, Professor in Company Law, University of South Africa

    Bribery is one of the most common forms of corruption in South African companies and state institutions. This has a number of harmful outcomes.

    Firstly, research shows that it weakens democracy and slows down economic growth. It also creates expensive barriers for honest businesses to succeed because it distorts fair competition. If bribery is not stopped or punished it has a demoralising effect, because it erodes trust and creates a culture where ethical conduct is undermined.

    In 2024 a new law came into force in South Africa that puts a duty on companies to take proactive steps to prevent bribery. This law falls under a broader law dealing with corruption in South Africa.

    The new provisions make it a crime for companies to fail to prevent bribery by an associated person. This is a major policy shift in South African anti-corruption law, and aligns with the United Kingdom’s anti-bribery legislation.

    An associated person is anyone who performs services for the company. This can include suppliers, joint venture partners, distributors, consultants, and other professionals advising the company. It can even be other companies, like subsidiaries.

    In my research I found that South Africa took inspiration from the United Kingdom (UK) Bribery Act 2010. The law makes it a criminal offence for commercial organisations to fail to prevent bribery by associated persons.

    Despite some successes, enforcement of the UK Bribery Act has been slow and the volume of prosecutions has been low.

    Based on my research into company conduct, given the current challenges in law enforcement and the low conviction rates for crimes of corruption, the new law might not work as well as hoped.

    But with improved enforcement, it has potential to reduce bribery in South Africa.

    What’s behind the new law?

    The new addition to the law was introduced after a commission of inquiry found evidence of widespread bribery and corruption under former president Jacob Zuma.

    For example, Angelo Agrizzi, former chief operating officer of African Global Operations (Pty) Ltd (formerly known as Bosasa), testified that Bosasa won about US$129 million in government tenders by paying about US$4 million in bribes to politicians and government officials. He said that every contract in which Bosasa was involved was linked to bribery and corruption.

    The new law is designed to prevent this from happening.

    If a person associated with a member of the private sector or an incorporated state-owned entity gives, agrees or offers to give a bribe (or gratification) to another person, the company could be held liable. This applies to companies as well as individuals, partnerships, trusts and other legal entities.

    The bribe must be given by the associated person to get business for the company or to gain a business advantage for it. Importantly, a company can be found guilty even if it didn’t know about the bribe.

    What counts as a bribe?

    A bribe (or gratification) is not just money. It includes avoiding a loss or other disadvantage, releasing any obligation or liability, or giving any favour or advantage.

    The bribe does not actually have to be given. It is enough if the associated person agrees or offers to give the bribe.

    It is not clear yet if hospitality or promotional expenditures count as bribes.

    Under the UK Bribery Act a hospitality payment is not regarded as a gratification unless it is disproportionate. In my view South Africa should follow the same approach.

    For example, if paying for transport from the airport to a hotel for an on-site visit, taking clients to dinner, or giving them tickets to an event aligns with the norms for the industry, this probably will not be seen as a bribe.

    Facilitation payments is another tricky area. These are small bribes made to minor officials to get routine administrative tasks done, such as applying for visas, clearing customs or getting licences.

    The new law doesn’t say whether facilitation payments are regarded as bribes. In my view, they should be.

    What companies need to do

    Companies can avoid liability under the new law if they can prove that they had adequate procedures in place to prevent bribery by associated persons.

    But the law doesn’t explain what “adequate procedures” are. Until the South African government provides guidance on this, it is useful to look at the guidance provided under the UK Bribery Act. It recommends the following:

    • Companies should adopt procedures that are proportionate to the bribery risks they face and the nature, scale and complexity of their activities.

    So a larger company operating in a high-risk market where bribery is known to be common must do more to prevent bribery than a smaller company in a low-risk market where bribery is less common.

    • The company’s board of directors should foster a culture where bribery is never acceptable.

    • Companies should periodically assess their exposure to potential bribery risks.

    • Companies should carry out due diligence procedures on their associated persons.

    • Companies should communicate their anti-bribery polices internally and externally. They should also provide training to ensure that everyone understands their anti-bribery position.

    • Companies should monitor their procedures and improve them where necessary.

    The way forward

    The South African government should urgently publish official guidelines to help companies understand what they must do to comply with the new law.

    The principles of South Africa’s corporate governance code, the King IV Report, can also be used to help companies comply with the new law. These principles promote ethical leadership, an ethical culture, risk management, accountability and transparency.

    Guidelines are also important for small and medium enterprises. They also have a legal duty to put in place adequate procedures to prevent bribery.

    Companies that have not already put in place anti-bribery procedures should act quickly. And they should check that their corporate hospitality policies are reasonable and proportionate to their businesses.

    Companies should also evaluate their relationships with the people associated with them.

    Setting up anti-bribery procedures may have cost implications. But not having them could cost far more. Having adequate procedures in place is the only defence under the new law.

    – Bribery in South Africa: law now puts a duty on companies to act
    – https://theconversation.com/bribery-in-south-africa-law-now-puts-a-duty-on-companies-to-act-260148

    MIL OSI Africa –

  • MIL-OSI Africa: Qatar’s Minister Of Labor Pays Courtesy Visit To Sierra Leone’s President Julius Maada Bio, Reaffirms Bilateral Cooperation

    Source: APO – Report:

    .

    The Minister of Labor of the State of Qatar, Dr. Ali Bin Sammikh Marri, paid a courtesy call on His Excellency President Dr. Julius Maada Bio at State House in Freetown, reaffirming his country’s commitment to deepening bilateral cooperation with Sierra Leone, particularly in the areas of labor and employment.

    Introducing the visiting delegation, Sierra Leone’s Minister of Labor and Employment, Mr. Mohamed Rahman Swaray, informed the President that the Qatari Minister was on an official visit to explore ways to expand collaboration between the two nations’ labor sectors.

    “Your Excellency, I am pleased to introduce my counterpart, the Minister of Labor from Qatar, who is here to engage with us on strategic collaboration and deepen the ties between our two ministries,” Minister Swaray stated.

    In his remarks, Dr. Ali Bin Sammikh Marri thanked President Bio for the warm welcome and hospitality extended to him and his delegation. He recounted his early academic exposure to Sierra Leone more than 30 years ago, noting with delight that he had finally visited the country he once studied.

    “It is a pleasure to be in Sierra Leone,” he said. “Over 30 years ago, as a student, I was asked to write about Sierra Leone. Today, I am here in person, as Qatar’s Minister of Labor, to explore collaboration, especially in labor market policies. With Your Excellency now serving as Chairman of ECOWAS, we see an opportunity to align with your leadership in regional labor development and cooperation.”

    Minister Marri also conveyed a message of congratulations on behalf of the Emir of Qatar, His Highness Sheikh Tamim bin Hamad Al Thani, to President Bio on his recent election as Chairman of the ECOWAS Authority of Heads of State and Government.

    “I bring you fraternal greetings and congratulations from your brother, the Emir of Qatar, on your recent appointment. We appreciate your hospitality and look forward to strengthening our bilateral ties,” he concluded.

    In his response, President Bio warmly welcomed the Qatari Labor Minister and expressed appreciation for the visit and message from the Emir of Qatar. He noted that it was particularly meaningful that Dr. Marri, after writing about Sierra Leone three decades ago, was now visiting the country as a high-level representative of Qatar.

    “Thank you very much for visiting. On behalf of the Government and people of Sierra Leone, we welcome you,” President Bio said. “We have had a growing relationship with Qatar and look forward to expanding cooperation, especially in agriculture, education, and the digital economy, areas where we are investing heavily and seeing meaningful progress.”

    President Bio also welcomed the opportunity to explore broader labor collaboration across the ECOWAS region during his tenure as Chairman and emphasized the importance of leveraging international partnerships to advance a common African interest.

    “It is an exciting moment to lead ECOWAS, and I see it as an opportunity to further engage the international community on shared priorities for West Africa,” he concluded.

    – on behalf of State House Sierra Leone.

    MIL OSI Africa –

  • MIL-OSI Analysis: Bribery in South Africa: law now puts a duty on companies to act

    Source: The Conversation – Africa – By Rehana Cassim, Professor in Company Law, University of South Africa

    Bribery is one of the most common forms of corruption in South African companies and state institutions. This has a number of harmful outcomes.

    Firstly, research shows that it weakens democracy and slows down economic growth. It also creates expensive barriers for honest businesses to succeed because it distorts fair competition. If bribery is not stopped or punished it has a demoralising effect, because it erodes trust and creates a culture where ethical conduct is undermined.

    In 2024 a new law came into force in South Africa that puts a duty on companies to take proactive steps to prevent bribery. This law falls under a broader law dealing with corruption in South Africa.

    The new provisions make it a crime for companies to fail to prevent bribery by an associated person. This is a major policy shift in South African anti-corruption law, and aligns with the United Kingdom’s anti-bribery legislation.

    An associated person is anyone who performs services for the company. This can include suppliers, joint venture partners, distributors, consultants, and other professionals advising the company. It can even be other companies, like subsidiaries.

    In my research I found that South Africa took inspiration from the United Kingdom (UK) Bribery Act 2010. The law makes it a criminal offence for commercial organisations to fail to prevent bribery by associated persons.

    Despite some successes, enforcement of the UK Bribery Act has been slow and the volume of prosecutions has been low.

    Based on my research into company conduct, given the current challenges in law enforcement and the low conviction rates for crimes of corruption, the new law might not work as well as hoped.

    But with improved enforcement, it has potential to reduce bribery in South Africa.

    What’s behind the new law?

    The new addition to the law was introduced after a commission of inquiry found evidence of widespread bribery and corruption under former president Jacob Zuma.

    For example, Angelo Agrizzi, former chief operating officer of African Global Operations (Pty) Ltd (formerly known as Bosasa), testified that Bosasa won about US$129 million in government tenders by paying about US$4 million in bribes to politicians and government officials. He said that every contract in which Bosasa was involved was linked to bribery and corruption.

    The new law is designed to prevent this from happening.

    If a person associated with a member of the private sector or an incorporated state-owned entity gives, agrees or offers to give a bribe (or gratification) to another person, the company could be held liable. This applies to companies as well as individuals, partnerships, trusts and other legal entities.

    The bribe must be given by the associated person to get business for the company or to gain a business advantage for it. Importantly, a company can be found guilty even if it didn’t know about the bribe.

    What counts as a bribe?

    A bribe (or gratification) is not just money. It includes avoiding a loss or other disadvantage, releasing any obligation or liability, or giving any favour or advantage.

    The bribe does not actually have to be given. It is enough if the associated person agrees or offers to give the bribe.

    It is not clear yet if hospitality or promotional expenditures count as bribes.

    Under the UK Bribery Act a hospitality payment is not regarded as a gratification unless it is disproportionate. In my view South Africa should follow the same approach.

    For example, if paying for transport from the airport to a hotel for an on-site visit, taking clients to dinner, or giving them tickets to an event aligns with the norms for the industry, this probably will not be seen as a bribe.

    Facilitation payments is another tricky area. These are small bribes made to minor officials to get routine administrative tasks done, such as applying for visas, clearing customs or getting licences.

    The new law doesn’t say whether facilitation payments are regarded as bribes. In my view, they should be.

    What companies need to do

    Companies can avoid liability under the new law if they can prove that they had adequate procedures in place to prevent bribery by associated persons.

    But the law doesn’t explain what “adequate procedures” are. Until the South African government provides guidance on this, it is useful to look at the guidance provided under the UK Bribery Act. It recommends the following:

    • Companies should adopt procedures that are proportionate to the bribery risks they face and the nature, scale and complexity of their activities.

    So a larger company operating in a high-risk market where bribery is known to be common must do more to prevent bribery than a smaller company in a low-risk market where bribery is less common.

    • The company’s board of directors should foster a culture where bribery is never acceptable.

    • Companies should periodically assess their exposure to potential bribery risks.

    • Companies should carry out due diligence procedures on their associated persons.

    • Companies should communicate their anti-bribery polices internally and externally. They should also provide training to ensure that everyone understands their anti-bribery position.

    • Companies should monitor their procedures and improve them where necessary.

    The way forward

    The South African government should urgently publish official guidelines to help companies understand what they must do to comply with the new law.

    The principles of South Africa’s corporate governance code, the King IV Report, can also be used to help companies comply with the new law. These principles promote ethical leadership, an ethical culture, risk management, accountability and transparency.

    Guidelines are also important for small and medium enterprises. They also have a legal duty to put in place adequate procedures to prevent bribery.

    Companies that have not already put in place anti-bribery procedures should act quickly. And they should check that their corporate hospitality policies are reasonable and proportionate to their businesses.

    Companies should also evaluate their relationships with the people associated with them.

    Setting up anti-bribery procedures may have cost implications. But not having them could cost far more. Having adequate procedures in place is the only defence under the new law.

    The Conversation

    Rehana Cassim 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. Bribery in South Africa: law now puts a duty on companies to act – https://theconversation.com/bribery-in-south-africa-law-now-puts-a-duty-on-companies-to-act-260148

    MIL OSI Analysis –

  • MIL-OSI Australia: Join the celebrations! Applications now open for the 2026 National Multicultural Festival

    Source: Northern Territory Police and Fire Services

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 16/07/2025

    Want to celebrate your culture, share your organisation’s valuable work, or take the stage at one of Canberra’s most beloved events? Applications are now open for performers and stallholders wishing to participate in the 2026 National Multicultural Festival, which will return from 6 – 8 February 2026.

    Minister for Multicultural Affairs, Michael Pettersson MLA, encouraged members of the community who are interested in being involved in the festival to participate in the open application process.

    “Canberra’s diverse community is the heartbeat of the National Multicultural Festival. I encourage individuals and organisations who want to help celebrate the ACT’s inclusiveness to apply to be part of the festivities,” Minister Pettersson said.

    “The fact that the National Multicultural Festival is community-led is what makes it such a vibrant and unique event, one that attracts hundreds of thousands of people to Canberra City each year,” Minister Pettersson said.

    “Participating in the National Multicultural Festival is a fantastic way to reach new audiences and make new community connections. In 2025, more households than ever attended the festival, with 83,420 – or 41% – of Canberra households attending.”

    The National Multicultural Festival promotes equality, social cohesion and the sharing of culture through music, dance, language, cultural displays, food, learning, and interaction.

    Stallholder applicants can apply under four different categories:

    • Community (Food and Beverage; Retail Cultural Market Items; or Club – Food and Beverage)
    • Information (Multicultural; Diplomatic; or General)
    • Commercial (Food and Drink; or Retail Market Items)
    • Market Stalls (Community; or Commercial)

    The festival team, which sits within the ACT Government’s Health and Community Services Directorate, will hold information sessions over the coming weeks to help prospective applicants.

    The festival also welcomes local, national and international performer applications from a wide range of genres, including music, dance, song, spoken word, performance art, roving performers and ceremonies. Community Groups, professional and volunteer performers are encouraged to apply in the following categories:

    • Cultural showcase
    • Stage performance
    • Community workshop
    • Cooking demonstration
    • Parade participation

    Minister Pettersson said non-profit community organisations could apply for grants ranging from $100 to $10,000 for projects that promote community participation, inclusion and cultural diversity at the festival. The ACT Government’s National Multicultural Festival Grant Program is available for community organisations to assist with performance costs, materials, costumes, performer and rehearsal fees, travel expenses and Public Liability Insurance.

    Applications to participate as a stallholder or performer at the festival close on 26 August.

    More information on the application process and information sessions is available at www.multiculturalfestival.com.au.

    For more information about the ACT Government’s National Multicultural Festival, go to www.multiculturalfestival.com.au and subscribe to the newsletter.

    Quote attributable to Canberra Juventus Football Club:
    “As a first-time entrant to the 2025 National Multicultural Festival, the experience of the many volunteers of the Canberra Juventus Football Club was both a memorable and special time for the club. The festival provided the opportunity and surroundings that brought together so many families and friends, as well as both past and present members and players of the long-established Italian based heritage of the Canberra football club. This coming together is what the club believes in and shows the true essence of the ‘community of Canberra Juventus’. The opportunity allowed us to showcase our Italian heritage and passion, through our specialty food and sweets, our famous Aperol Spritz with fun Italian music. Importantly, we were able to express our passion for family and football which encapsulates the club’s objectives in strengthening community. We certainly hope to do it all again in 2026!”

    Quote attributable to Robin Zirwanda, Founder of the Assyrian Australian band Azadoota:
    “The vibe of the National Multicultural Festival is really welcoming. The festival audience is really responsive and eager to experience the culture we share through our music. And because the festival attracts people from so many different cultures, there is a real sense of collaboration and sharing between the audience and the performers. It’s a great energy.”

    – Statement ends –

    Michael Pettersson, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI Australia: Grants supporting community gardens now open

    Source: Northern Territory Police and Fire Services

    As part of ACT Government’s ‘One Government, One Voice’ program, we are transitioning this website across to our . You can access everything you need through this website while it’s happening.

    Released 16/07/2025

    The ACT Government has today opened the 11th round of the Community Garden Grants, which supports the growth and vitality of local gardens in the Territory.

    A total of $40,000, up to $10,000 per project, is available through this program for projects of different garden types including traditional food gardens, Indigenous bush tucker gardens, landscape gardens and sensory gardens.

    Applications for Round 11 of the Community Garden Grants program are now open and close on 5 September 2025.

    For more information and to apply, visit the Everyday Climate Choices website.

    Quotes attributable to Minister for Climate Change, Environment, Energy and Water Suzanne Orr:

    “Over the past ten years, the Community Garden Grants program has supported many projects across Canberra.

    Community gardens help reduce the urban heat island effect in our suburbs, as well as supporting the ACT to cope with the impacts of climate change and extreme weather events.

    That is why we have added the removal of artificial grass and replacement with more environmentally friendly alternatives as a priority of this program. Artificial grass can degrade into microplastics, displace natural systems that support biodiversity, and negatively impact greenhouse gas emissions and landfill.

    These grants can help with purchasing or hiring materials, equipment and tools, and to employ specialised contractors to build new gardens or enhance existing ones.

    I encourage everyone who manages a community garden or is thinking of starting one, to apply for one of these grants, which will not only promote healthy living supporting our environment, but also encourage our local communities to come together, get involved, and socialise with their neighbours.”

    Quotes attributable to Victoria Jewett and Tom Sutton, Old Narrabundah Community Centre:

    “The community garden in Narrabundah is in the heart of our suburb. The garden is overseen by the Old Narrabundah Community Council Inc which has a strong community base.

    The aim of the garden is to foster organic homegrown food and broader community involvement in the form of school participation and cooperation with local groups.

    In addition to growing vegetables, the Narrabundah Community Garden has fruit trees, berry fruits, communal plots and bee friendly areas of flowers and native habitat. Providing shelter, water and food for beneficial insects, has enriched the gardening experience in this space.

    As the gardens establish, workshops on composting, fruit tree care and soil improvement will be offered to local residents.

    Thanks to the Community Garden Grants, we have added new plots and members, repaired our shed roof and increased sustainability by installing a 5,000 Litre rainwater tank. We have also assured the future of the gardens with a new fence.

    In addition to members with plots, Friends of the Garden can also participate in working bees and growing food in some of the community plots on site. The garden is more than a place to grow food, it’s a place enjoy and be.”

    – Statement ends –

    Suzanne Orr, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

  • MIL-OSI Russia: Sobyanin: Moscow is the only region where a graduate received 400 points on the Unified State Exam

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Sergei Sobyanin congratulated graduates on the end of the period unified state exam (USE), in Moscow more than 90 thousand people passed it. He wrote about this in his telegram channel.

    “For the second year in a row, the capital remains the only region where graduates showed the highest results.

    400 points Nadezhda Yashmolkina, a student at school No. 1514, scored 100 points in one subject, 1,651 Muscovites received 200 points for two exams, and four received 300 points for three subjects,” the Moscow Mayor said.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    More and more schoolchildren are taking the Unified State Exam in natural sciences and technical subjects. The results are also improving. The number of those who scored 100 points in computer science has increased sixfold, twofold in chemistry, and 1.2 times in biology.

    For admission, graduates from the capital choose the country’s leading universities. For example, Nadezhda Yashmolkina will study at the Faculty of Applied Mathematics and Computer Science at the National Research University Higher School of Economics, and Stefania Nechaeva from School No. 1535, who received 300 points, chose the Chemistry Faculty of Lomonosov Moscow State University.

    The high achievements of young Muscovites are also the result of a special approach to preparing graduates for the Unified State Exam in the capital’s schools. Special practical training takes up at least 40 percent of the study time, and on the Moscow Electronic School platform you can watch video analysis of assignments and take tests with automatic checking.

    “The kids, together with their parents and teachers, have done a great job. Good luck and further success!” the Mayor of Moscow wrote.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ 15: Formulating a comprehensive population policy

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Nixie Lam and a written reply by the Secretary for Home and Youth Affairs, Miss Alice Mak, in the Legislative Council today (July 16):
     
    Question:

    According to data from the Census and Statistics Department, Hong Kong’s total fertility rate in 2024 was only 0.841, far below the 2.1 level required for population replacement. Furthermore, a survey by a youth service organisation indicated that only 36 per cent of young people in Hong Kong who had responded in the survey expressed a preference for marriage or childbearing. Another survey showed that just around 23.27 per cent of respondents aged between 19 and 29 expressed a desire to have children, ranking among the lowest levels globally. There are views that the Government should adopt measures to enhance marriage and fertility rates among young people and develop a comprehensive population policy to avoid population ageing and workforce shrinkage. In this connection, will the Government inform this Council:
     
    (1) whether it will commence a systematic survey and study on the marriage and fertility situation of young people in Hong Kong, so as to deeply analyse the core factors influencing their decisions regarding marriage and childbearing, particularly through assessment in areas such as financial burdens, housing difficulties and job stability, with a view to gaining a more precise understanding of their concerns and expectations; if so, of the direction and timetable of the survey and study; if not, the reasons for that;
     
    (2) as there are views pointing out that young people’s lack of knowledge and confidence in future planning and gender relations indirectly undermine their willingness to marry and have children, whether the Government will consider, through cross-departmental collaboration, integrating existing fertility support measures for young people (e.g. child-rearing subsidies, priority quotas for public housing allocation, and childcare services for working families) and consolidating such information within the Home and Youth Affairs Bureau’s “HKYouth+” mobile application, as well as adding a designated information corner to the application that covers topics such as reproductive health, sex education, and marriage and fertility support, with a view to strengthening support for young people in the aspects of affective education and reproductive health information; if so, of the timetable; if not, the reasons for that; and
     
    (3) as there are views pointing out that although the Government has established the Human Resources Planning Commission to follow up on population policy, Hong Kong’s current population policy still lacks comprehensiveness, whether the Government will review the Commission’s work or establish a task force coordinated by an official at the level of Secretary of Department to institutionally integrate cross-departmental resources, with a view to formulating more comprehensive population policy objectives for Hong Kong to address the long-term challenges of population development?
     
    Reply:
     
    President,
     
    In consultation with the Chief Secretary for Administration’s Office, the Deputy Chief Secretary for Administration’s Office, the Labour and Welfare Bureau (LWB), the Housing Bureau (HB), the Financial Services and the Treasury Bureau (FSTB) and the Health Bureau (HHB), the consolidated reply to the questions raised by the Hon Nixie Lam is as follows:
     
    (1) & (2) The Census and Statistics Department (C&SD) has been regularly collating data related to marriage and fertility trends across different age groups. The C&SD also publishes feature articles from time to time, giving a brief account of the marriage and fertility trends in Hong Kong and analysing the factors underlying such trends.
     
    Hong Kong and many countries or places worldwide are facing a decline in fertility rate. In the face of this challenge, the Government must formulate measures to raise fertility rate. As such, the Chief Executive (CE) announced in his 2023 Policy Address a host of measures to promote fertility and create a conducive environment for childbearing through a “combination punches” approach. These measures include providing Newborn Baby Bonus, giving families with newborns priority on flat selection and allocation, enhancing child care support and increasing tax concessions. Office/ bureaux implementing the measures include the Deputy Chief Secretary for Administration’s Office, the HB, the LWB, the HHB, the Home and Youth Affairs Bureau (HYAB) and the FSTB.
     
    The Hong Kong Housing Authority (HA) has implemented the Families with Newborns Allocation Priority Scheme and the Families with Newborns Flat Selection Priority Scheme to encourage childbearing by giving incentives to family applicants of public rental housing (PRH) and subsidised sale flats (SSF) sale exercises.  
     
    Regarding the allocation of PRH, the HA has implemented the Families with Newborns Allocation Priority Scheme since April 1, 2024. PRH family applications with babies born on or after October 25, 2023 and aged one or below are credited one year of waiting time. As at end-June 2025, about 5 000 PRH applications have been credited one year of waiting time under the scheme, of which about 420 families have already been successfully housed to PRH.
     
    As for SSF, starting from the Sale of Home Ownership Scheme (HOS) Flats 2024 (HOS 2024), the HA has implemented the Families with Newborns Flat Selection Priority Scheme which was announced in the 2023 Policy Address. A quota of about 40 per cent of the new flats for sale (i.e. 2 900 flats) under HOS 2024 were set aside for eligible applicants under the Families with Newborns Flat Selection Priority Scheme and the Priority Scheme for Families with Elderly Members for balloting and priority flat selection. Family applicants of HOS with babies born on or after October 25, 2023 are eligible if their children are aged three or below on the closing day of the application.
     
    During the application period of HOS 2024, the HA received a total of around 106 000 applications. Among them, around 50 000 were family applicants, of which around 19 000 (i.e. about 40 per cent) applied under the Priority Scheme for Families with Elderly Members and Families with Newborns Flat Selection Priority Scheme. Among these 19 000 applicants, 800 applicants have successfully purchased flats through the Families with Newborns Flat Selection Priority Scheme. If eligible families applying under the Families with Newborns Flat Selection Priority Scheme fail to purchase a flat under HOS 2024, they may still apply under the Scheme for priority flat selection as long as their children are aged three or below on the closing day of the application in subsequent SSF sale exercises.
     
    The Government announced in the 2023 Policy Address that a cash reward of $20,000 will be provided to eligible parents for each baby born from October 25, 2023, for a period of three years. Starting from October 25, 2023, parents can submit an application for the bonus at the same time when registering the birth of their baby and applying for a birth certificate. As of end-June 2025, a total of 49 567 qualified applications have been received, and the bonus has been distributed to 48 984 applicants, at a total amount of approximately $979 million. The Deputy Chief Secretary for Administration’s Office is carrying out a review of the Newborn Baby Bonus Scheme.
     
    The Government has been supporting parents who cannot take care of their children temporarily through subsidising non-governmental organisations (NGOs) to provide a variety of day child care services, including Child Care Centres (CCCs), the After School Care Programme and the Neighbourhood Support Child Care Project (NSCCP). To strengthen support for working families in childbearing, the Government has announced the setting up of additional 11 aided standalone CCCs in phases, doubling the total number of service places to reach around 2 000. The Government is extending the After School Care Programme for pre-primary children to cover all districts in phases, and increasing the number of service places under the NSCCP to 2 500 with the estimated number of beneficiaries increasing to 25 000. The Social Welfare Department will also provide information and assistance to private organisations applying for registration to operate CCCs, and encourage private organisations to provide child care support for their employees. Meanwhile, the Government reviews the Working Family Allowance (WFA) Scheme from time to time. The rates of the household and child allowances under the WFA Scheme have been increased by 15 per cent across the board with effect from April 2024, benefiting all households receiving the WFA. The WFA Scheme provides additional allowances for relevant childbearing families, and increasing the rates of the WFA helps further alleviate the burden of grassroots working families. Taking a four-person household with two eligible children as an example, the maximum monthly WFA they may receive have increased from the original amount of $4,200 to $4,830 at present.
     
    As regards tax concessions, starting from the year of assessment (YA) 2023/24, the basic child allowance and the additional child allowance for each child born during the YA have been raised from $120,000 to $130,000. In addition, starting from YA 2024/25, for taxpayers who live with their children born on or after October 25, 2023 and meet the prescribed conditions, the deduction ceiling for home loan interest or domestic rents will be raised from $100,000 to $120,000 for a maximum of 19 YAs. These measures can encourage childbearing by helping taxpayers to alleviate their financial burden from raising children.
     
    As regards antenatal services, currently the Obstetrics and Gynaecology Departments of the Hospital Authority and the Maternal and Child Health Centres (MCHCs) of the Department of Health (DH) provide free antenatal services for all local pregnant women who are eligible persons (who generally refer to holders of Hong Kong Identity Cards or such other persons as may be approved by the Chief Executive of the Hospital Authority/ Director of Health) to ensure the health of the pregnant women and their foetuses. The scope of services includes the first antenatal check-up, personal and family medical history, as well as various investigations and vaccinations conducted by doctors according to the clinical needs of individual pregnant women.
     
    Besides, as announced in the 2024 Policy Address, the DH will revamp maternal and child health and family planning services to strengthen pre-pregnancy counselling and parental education and promote healthy fertility. The DH will provide the new pre-pregnancy health services to reproductive age group women at the MCHCs in phases, support women in preparing for pregnancy through health consultation and counselling, health assessments, arrangement of blood tests and other investigations, and provide nutritional dietary and lifestyle advice, to align with the Government’s policy of encouraging and promoting healthy fertility, as well as protecting and advancing maternal and child health. Details on the above initiatives will be announced at an appropriate juncture. In addition, the DH will review and adjust the scope of the subsidised family planning service currently provided by NGOs, so as to dovetail with the Government’s policy of encouraging and promoting healthy fertility.
     
    The HYAB has been supporting the work of the Family Council (the Council) in promoting a culture of loving families to the general public through organising different publicity programmes and activities. In October 2024, the HYAB and the Council launched the five-year Funding Scheme on the Promotion of Family Education (the Scheme). With an annual funding of $8 million, the Scheme subsidises non-profit-making community projects in promoting family education. NGOs may, based on societal needs, apply to the Scheme for funding to implement projects related to topics such as family building, new parents, and marriage-related. On the other hand, the Council has been encouraging the wider adoption of more diversified and flexible family-friendly employment practices (FFEPs) in the community. Measures include launching promotional videos entitled “Family-friendly Workplace”, which feature various FFEPs adopted by local companies, and collaborating with the Radio Television Hong Kong to produce radio programmes to promulgate different types of FFEPs. These measures will also help foster a pro-family environment.
     
    The HYAB launched the first release of the “HKYouth+” youth mobile application in March 2024, and has been continuously updating it to cater to the needs of young people. Its content cover various areas, including personal development opportunities, local hot topics, national development, world news, arts and leisure, innovation and technology, physical and mental wellness. It aims to help young people expand their knowledge, explore interests and enrich themselves in different aspects. The HYAB will work with relevant bureaux and departments to encourage them to make use of “HKYouth+” for strengthening promotion of various support measures to the youth community.
     
    (3) The population policy straddles a wide range of policy areas, involving various bureaux. For the current term of the HKSAR Government, in addition to the standing committees, the CE and Secretaries and Deputy Secretaries of Departments are now providing high-level steer as necessary through various channels, such as working groups and inter-departmental meetings, to coordinate relevant inter-departmental work.
     
    Chaired by the Chief Secretary for Administration, the Human Resources Planning Commission (HRPC) consolidates resources and efforts of the Government and various sectors to examine, review and holistically co-ordinate policies and measures on human resources, including issues pertaining to the population policy. The HRPC is a high-level policy platform, with eight policy secretaries, including Secretary for Commerce and Economic Development, Secretary for Constitutional and Mainland Affairs, Secretary for Education, Secretary for Financial Services and the Treasury, Secretary for Health, Secretary for Innovation, Technology and Industry, Secretary for Labour and Welfare and Secretary for Security; the Government Economist; the Commissioner for Census and Statistics and the Chairmen of the Employees Retraining Board, the Hong Kong Council for Accreditation of Academic and Vocational Qualifications and the Vocational Training Council as ex-officio members; and non-official members drawn from a diverse mix of experts and stakeholders from different fields and sectors. Since its establishment in 2018, the HRPC has looked into a number of issues to tackle the demographic challenges, facilitating the Government to formulate and refine the relevant policies and measures.
     
    Currently, population policy measures have been subsumed under the portfolios of various bureaux as part of the ongoing efforts. As the Government’s existing steering and inter-departmental co-ordination mechanism are flexible and effective, the Government does not consider it necessary to set up a separate structure for the work on the population policy.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Second Quarter Report 2025

    Source: GlobeNewswire (MIL-OSI)

    April – June 2025 Serstech Group

    • Net sales amounted to KSEK 4 563 (21 369).
    • EBITDA amounted to KSEK – 8 875 (5 595).
    • EBIT amounted to KSEK -10 992 (3 715).
    • Cash flow from operating activities amounted to KSEK -11 631 (-1 112).
    • Earnings per share amounted to SEK -0.04(0.02).
    • Earnings per average number of shares amounted to SEK -0.04 (0.02).

    January – June 2025 Serstech Group

    • Net sales amounted to KSEK 24 455 (35 543).
    • EBITDA amounted to KSEK – 8 204 (6 963).
    • EBIT amounted to KSEK -12 329 (3 194).
    • Cash flow from operating activities amounted to KSEK -14 772 (515).
    • Earnings per share amounted to SEK -0.05 (0.01).
    • Earnings per average number of shares amounted to SEK -0.05 (0.01).

    Message from the CEO

    The second quarter of 2025 showed lower sales, amounting to approximately 4.5 MSEK (21.4 MSEK). The lower sales in Q2 are in line with the broader market, as several companies in our sector have reported a slow quarter, largely due to geopolitical uncertainty and delayed procurement processes — particularly in the US, where several planned purchases have been put on hold. We have also seen limited customer participation at key US industry exhibitions, reflecting a cautious market sentiment.

    Despite the short-term challenges, we have continued to execute on our strategic plan. Our expanded sales team is now largely in place, with the final addition for this year starting in September. Compared to the beginning of the year, we have doubled the size of the sales team, which now consists of six dedicated sales professionals. This expanded capacity is a critical enabler for our growth ambitions, and we are already seeing positive effects in terms of opportunity pipeline development.

    In parallel, we have made strong progress on cost efficiency. Our transition to in-house production is proceeding according to plan, with pilot production starting in late summer and volume production expected to begin in Q4. All systems, suppliers, and processes are in place. This shift will reduce our cost of goods sold (COGS) significantly — well timed given the intensified price pressure we now see in the market. We have recently lost a few minor tenders on price, which reinforces the importance of our ongoing cost reduction initiatives.

    Having a production site in-house, in addition to the third-party one, will increase production capacity and resilience, and strengthen the collaboration between R&D and production. We have already made several improvements to both the product design and production process to improve quality and yield, while reducing COGS significantly.

    Our opportunity pipeline for the second half of the year remains strong. With the new sales team in place, we expect pipeline growth to accelerate further. Until now, our limited sales capacity has been the main bottleneck, requiring me to focus almost exclusively on field sales and international travel to support customer engagements.

    We successfully closed our Romanian office during the quarter and completed key recruitments in Lund. Consolidating the team under one roof will not only reduce overall costs but also improve collaboration, efficiency, and innovation. We are already seeing the benefits, with several new patent applications scheduled to be filed in the near term.

    With a stronger team, a more competitive cost structure, and a growing market need, we are well positioned for a strong second half of the year.

    Stefan Sandor, CEO
    April 2025

    For further information, please contact:
    Stefan Sandor,
    CEO, Serstech AB Phone: +46 739 606 067
    Email: ss@serstech.com

    or

    Thomas Pileby,
    Chairman of the Board, Serstech AB Phone: +46 702 072 643
    Email: tp@serstech.com
    or visit: www.serstech.com

    This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 08:45 CET on July 16, 2025.

    Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).

    About Serstech

    Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and design, development and production are done in Sweden.

    Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com

    Attachment

    The MIL Network –

  • MIL-OSI United Kingdom: Air Marshal Harv Smyth appointed new Chief of the Air Staff

    Source: United Kingdom – Executive Government & Departments

    Press release

    Air Marshal Harv Smyth appointed new Chief of the Air Staff

    Air Marshal Harv Smyth will succeed Air Chief Marshal Sir Rich Knighton in August 2025.

    The Defence Secretary John Healey has confirmed that His Majesty The King has approved the appointment of the new Chief of the Air Staff.

    Air Marshal Harv Smyth will succeed Air Chief Marshal Sir Rich Knighton in August 2025. He joined the RAF in 1991 as a direct entrant and then spent 15 years as a frontline Harrier pilot and weapons instructor having flown hundreds of operational missions over Bosnia, Kosovo, Serbia, Iraq and Afghanistan.

    Since his promotion to Air Commodore in 2015, Air Marshal Smyth has held a range of command positions and is currently the Deputy Chief of the Defence Staff for Military Strategy and Operations.

    The appointment comes at a transformative time for the RAF as it moves to warfighting readiness following the publication of the Strategic Defence Review, including the recent announcement that the UK will purchase 12 F-35A fighter jets and join NATO’s nuclear mission as the government delivers greater security for working people through its Plan for Change.

    The Chief of the Air Staff is responsible for the strategic planning and delivery of all Royal Air Force operations, people and capability. The position is accountable to the Secretary of State for Defence for the fighting effectiveness, efficiency and morale as well as the development and sustainment of the RAF.

    Defence Secretary John Healey MP, said:

    I warmly congratulate Air Marshal Harv Smyth on his appointment as Chief of the Air Staff. He has outstanding credentials to lead the RAF in a crucial period of transformation for the force.

    Air Marshal Smyth has led a distinguished career to date. From spending 15 years as a frontline Harrier pilot and weapons instructor, to flying hundreds of operational missions from both land bases and aircraft carriers, to holding numerous vital command positions, he has served our nation loyally.

    I would also like to recognise Air Chief Marshal Sir Rich Knighton’s superb leadership of the RAF over the last two years. I know he and Air Marshal Smyth will work together to deliver a landmark shift in our deterrence and defence.

    The RAF is always globally deployed and ready to defend the nation. RAF pilots and aircrew are currently deployed on Operation SHADER to combat Daesh terrorists in Iraq and Syria, in Qatar as part of our joint Typhoon squadron, and in Eastern Europe as part of the NATO Enhanced Air Policing mission to deter Russia.

    Incoming Chief of the Defence Staff Air Chief Marshal Sir Rich Knighton, said:

    I am absolutely delighted that Air Marshal Harv Smyth has been selected as the next Chief of the Air Staff, and I have every confidence that he will lead the Royal Air Force brilliantly and make sure we are ready to fly and fight. 

    As I hand over to Air Marshal Smyth, I know that under his command the Royal Air Force will go from strength to strength to ensure that we are always ready to protect and promote our national interests on the world stage. I wish him every success and look forward to working with him in leadership of our Armed Forces.

    This announcement comes following Sir Rich Knighton’s promotion to Chief of the Defence Staff, a role he will take up in September.

    Air Marshal Harv Smyth, said:

    I am deeply honoured to have been selected as the next Chief of the Air Staff at such an important time for the Royal Air Force. The Strategic Defence Review makes clear the need for us to rapidly evolve and modernise to meet current and future threats and I am enormously proud to lead the Service at such a crucial point in our history. 

    I take over from Sir Rich Knighton, who has achieved so much over the past two years, preparing the Royal Air Force for the challenges that we currently face and developing the operational mindset that we need, should we transition to conflict. I share in his unwavering support for our people and am delighted to have this opportunity to lead our Whole Force as we deliver outstanding Air and Space Power for the UK and NATO.

    Updates to this page

    Published 16 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: China reports 4.8-percentage-point rise in employment rate for people with disabilities over 3 years

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

    China has made steady progress in expanding employment opportunities for people with disabilities, with the national employment rate for this group increasing by 4.8 percentage points during the past three years, according to official data released Wednesday.

    These gains were achieved under the country’s first three-year action plan to promote employment of persons with disabilities (2022-2024), which helped create nearly 1.65 million new jobs for such people in both urban and rural areas, said Li Dongmei, vice chairperson of the China Disabled Persons’ Federation (CDPF), at a press conference.

    Almost 1.43 million people with disabilities received verified vocational training during this period — significantly improving their job readiness and skill levels, Li noted.

    In higher education, progress has also been sustained. For five consecutive years, all college graduates with disabilities have been included in employment support databases. Notably, among those seeking work, more than 85 percent have successfully secured jobs.

    To build on this momentum, the General Office of the State Council has issued a new three-year action plan (2025-2027), jointly formulated by the CDPF and 30 government departments. This plan outlines 10 targeted actions aimed at further improving employment outcomes for people with disabilities.

    According to Ren Zhanbin, director of the CDPF’s education and employment department, the new phase will follow a more precise and customized approach.

    “We aim not only to expand job opportunities, but also to ensure these jobs are well-matched to the abilities and needs of people with disabilities, and offer greater long-term stability,” Ren said.

    Under the plan, relevant government agencies and local authorities will continue to improve public services, strengthen employment support, and help the country’s 85 million people with disabilities access more and higher-quality employment opportunities.

    MIL OSI China News –

  • MIL-OSI China: US launches section 301 probe against Brazil

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

    The Office of the U.S. Trade Representative announced Tuesday that it will open an investigation into Brazil’s trade policies under Section 301 of the Trade Act of 1974.

    The investigation, launched under U.S. President Donald Trump’s direction, will look into “Brazil’s attacks on American social media companies as well as other unfair trading practices that harm American companies, workers, farmers, and technology innovators,” said the office in a statement, citing U.S. Trade Representative Jamieson Greer.

    Greer determined that Brazil’s tariff and non-tariff barriers “merit a thorough investigation, and potentially, responsive action” after consulting with other government agencies, cleared advisers and Congress.

    The investigation will seek to determine “whether acts, policies, and practices of the Government of Brazil related to digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption interference; intellectual property protection; ethanol market access; and illegal deforestation are unreasonable or discriminatory and burden or restrict U.S. commerce,” said the statement. 

    MIL OSI China News –

  • MIL-OSI China: UN chief deeply concerned over continued violence in southern Syria

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

    UN Secretary-General Antonio Guterres is deeply concerned over the continued violence in the Druze-majority area in Suweida governorate in southern Syria, which has resulted in dozens of casualties, including among civilians, said Stephane Dujarric, spokesman for the UN chief, on Tuesday.

    “He is disturbed by reports of arbitrary killings of civilians, sectarian incitement, and looting of private property. He condemns all violence against civilians, especially acts that risk inflaming sectarian tensions,” Dujarric said at a daily briefing.

    The spokesman said the secretary-general urges Syria’s interim authorities and local leaders to immediately de-escalate, protect civilians, restore calm, and prevent further incitement, and further urges the interim authorities to transparently and openly investigate and hold to account those responsible for violations.

    Guterres is also concerned about Israel’s airstrikes on Syrian territory and calls on Israel to refrain from violations of Syria’s independence, sovereignty and territorial integrity, said Dujarric.

    “The Secretary-General underscores that it is imperative to support a credible, orderly and inclusive political transition in Syria in line with the key principles of resolution 2254 (2015),” he said. 

    MIL OSI China News –

  • MIL-Evening Report: Why is Israel bombing Syria?

    Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

    Conflict in Syria has escalated with Israel launching bombing raids against its northern neighbour.

    It follows months of fluctuating tensions in southern Syria between the Druze minority and forces aligned with the new government in Damascus. Clashes erupted in the last few days, prompting Israeli airstrikes in defence of the Druze by targeting government bases, tanks, and heavy weaponry.

    Israel Minister Amichai Chikli has called the Syrian president Ahmed al-Sharaa –

    a terrorist, a barbaric murderer who should be eliminated without delay.

    Despite the incendiary language, a ceasefire has been reached, halting the fighting – for now.

    Syrian forces have begun withdrawing heavy military equipment from the region, while Druze fighters have agreed to suspend armed resistance, allowing government troops to regain control of the main Druze city of Suwayda.

    What do the Druze want?

    The Druze are a small religious minority estimated at over one million people, primarily concentrated in the mountainous regions of Lebanon, Syria, Israel, and Jordan.

    In Syria, their population is estimated at around 700,000 (of around 23 million total Syrian population), with the majority residing in the southern As-Suwayda Governorate – or province – which serves as their traditional stronghold.

    Since the 2011 uprising against the Assad regime, the Druze have maintained a degree of autonomy, successfully defending their territory from various threats, including ISIS and other jihadist groups.

    Following Assad’s fall late last year, the Druze — along with other minority groups such as the Kurds in the east and Alawites in the west — have called for the country to be federalized.

    They advocate for a decentralised model that would grant greater autonomy to regional communities.

    However, the transitional government in Damascus is pushing for a centralised state and seeking to reassert full control over the entire Syrian territory. This fundamental disagreement has led to periodic clashes between Druze forces and government-aligned troops.

    Despite the temporary ceasefire, tensions remain high. Given the core political dispute remains unresolved, many expect renewed conflict to erupt in the near future.

    Why is Israel involved?

    The ousting of the Assad regime created a strategic opening for Israel to expand its influence in southern Syria. Israel’s involvement is driven by two primary concerns:

    1. Securing its northern border

    Israel views the power vacuum in Syria’s south as a potential threat, particularly the risk of anti-Israeli militias establishing a foothold near its northern border.

    During the recent clashes, the Israeli military declared

    The Israeli Defence Forces will not allow a military threat to exist in southern Syria and will act against it.

    Likewise, Prime Minister Benjamin Netanyahu, who has stated he will not allow Syrian forces south of Damascus:

    We are acting to prevent the Syrian regime from harming them [the Druze] and to ensure the demilitarisation of the area adjacent to our border with Syria.

    In line with these warnings, the Israeli Air Force has conducted extensive strikes against Syrian military infrastructure, targeting bases, aircraft, tanks, and heavy weaponry.

    These operations are intended to prevent any future buildup of military capacity that could be used against Israel from the Syrian side of the border.

    2. Supporting a federated Syria

    Israel is backing the two prominent allied minorities in Syria — the Kurds in the northeast and the Druze in the south — in their push for a federal governance model.

    A fragmented Syria, divided along ethnic and religious lines, is seen by some Israeli policymakers as a way to maintain Israeli domination in the region.

    This vision is part of what some Israeli officials have referred to as a “New Middle East” — one where regional stability and normalisation emerge through reshaped borders and alliances.

    Israeli Foreign Minister Gideon Sa’ar recently echoed this strategy, stating:

    A single Syrian state with effective control and sovereignty over all its territory is unrealistic.

    For Israel, the logical path forward is autonomy for the various minorities in Syria within a federal structure.

    The United States’ role?

    According to unconfirmed reports, Washington has privately urged Israel to scale back its military strikes on Syria in order to prevent further escalation and preserve regional stability.

    The US is promoting increased support for Syria’s new regime in an effort to help it reassert control and stabilise the country.

    There are also indications the US and its allies are encouraging the Syrian government to move toward normalisation with Israel. Reports suggest Tel Aviv has held talks with the new Sharaa-led regime about the possibility of Syria joining the Abraham Accords (diplomatic agreements between Israel and several Arab states), which the regime in Damascus appears open to.

    US Special Envoy Tom Barrack has described the recent clashes as “worrisome”, calling for de-escalation and emphasising the need for

    a peaceful, inclusive outcome for all stakeholders – including the Druze, Bedouin tribes, the Syrian government, and Israeli forces.

    Given the deep-rooted political divisions, competing regional agendas, and unresolved demands from minority groups, the unrest in southern Syria is unlikely to end soon.

    Despite another temporary ceasefire, underlying tensions remain. Further clashes are not only possible but highly probable.

    Ali Mamouri 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. Why is Israel bombing Syria? – https://theconversation.com/why-is-israel-bombing-syria-261259

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Why is Israel bombing Syria?

    Source: The Conversation (Au and NZ) – By Ali Mamouri, Research Fellow, Middle East Studies, Deakin University

    Conflict in Syria has escalated with Israel launching bombing raids against its northern neighbour.

    It follows months of fluctuating tensions in southern Syria between the Druze minority and forces aligned with the new government in Damascus. Clashes erupted in the last few days, prompting Israeli airstrikes in defence of the Druze by targeting government bases, tanks, and heavy weaponry.

    Israel Minister Amichai Chikli has called the Syrian president Ahmed al-Sharaa –

    a terrorist, a barbaric murderer who should be eliminated without delay.

    Despite the incendiary language, a ceasefire has been reached, halting the fighting – for now.

    Syrian forces have begun withdrawing heavy military equipment from the region, while Druze fighters have agreed to suspend armed resistance, allowing government troops to regain control of the main Druze city of Suwayda.

    What do the Druze want?

    The Druze are a small religious minority estimated at over one million people, primarily concentrated in the mountainous regions of Lebanon, Syria, Israel, and Jordan.

    In Syria, their population is estimated at around 700,000 (of around 23 million total Syrian population), with the majority residing in the southern As-Suwayda Governorate – or province – which serves as their traditional stronghold.

    Since the 2011 uprising against the Assad regime, the Druze have maintained a degree of autonomy, successfully defending their territory from various threats, including ISIS and other jihadist groups.

    Following Assad’s fall late last year, the Druze — along with other minority groups such as the Kurds in the east and Alawites in the west — have called for the country to be federalized.

    They advocate for a decentralised model that would grant greater autonomy to regional communities.

    However, the transitional government in Damascus is pushing for a centralised state and seeking to reassert full control over the entire Syrian territory. This fundamental disagreement has led to periodic clashes between Druze forces and government-aligned troops.

    Despite the temporary ceasefire, tensions remain high. Given the core political dispute remains unresolved, many expect renewed conflict to erupt in the near future.

    Why is Israel involved?

    The ousting of the Assad regime created a strategic opening for Israel to expand its influence in southern Syria. Israel’s involvement is driven by two primary concerns:

    1. Securing its northern border

    Israel views the power vacuum in Syria’s south as a potential threat, particularly the risk of anti-Israeli militias establishing a foothold near its northern border.

    During the recent clashes, the Israeli military declared

    The Israeli Defence Forces will not allow a military threat to exist in southern Syria and will act against it.

    Likewise, Prime Minister Benjamin Netanyahu, who has stated he will not allow Syrian forces south of Damascus:

    We are acting to prevent the Syrian regime from harming them [the Druze] and to ensure the demilitarisation of the area adjacent to our border with Syria.

    In line with these warnings, the Israeli Air Force has conducted extensive strikes against Syrian military infrastructure, targeting bases, aircraft, tanks, and heavy weaponry.

    These operations are intended to prevent any future buildup of military capacity that could be used against Israel from the Syrian side of the border.

    2. Supporting a federated Syria

    Israel is backing the two prominent allied minorities in Syria — the Kurds in the northeast and the Druze in the south — in their push for a federal governance model.

    A fragmented Syria, divided along ethnic and religious lines, is seen by some Israeli policymakers as a way to maintain Israeli domination in the region.

    This vision is part of what some Israeli officials have referred to as a “New Middle East” — one where regional stability and normalisation emerge through reshaped borders and alliances.

    Israeli Foreign Minister Gideon Sa’ar recently echoed this strategy, stating:

    A single Syrian state with effective control and sovereignty over all its territory is unrealistic.

    For Israel, the logical path forward is autonomy for the various minorities in Syria within a federal structure.

    The United States’ role?

    According to unconfirmed reports, Washington has privately urged Israel to scale back its military strikes on Syria in order to prevent further escalation and preserve regional stability.

    The US is promoting increased support for Syria’s new regime in an effort to help it reassert control and stabilise the country.

    There are also indications the US and its allies are encouraging the Syrian government to move toward normalisation with Israel. Reports suggest Tel Aviv has held talks with the new Sharaa-led regime about the possibility of Syria joining the Abraham Accords (diplomatic agreements between Israel and several Arab states), which the regime in Damascus appears open to.

    US Special Envoy Tom Barrack has described the recent clashes as “worrisome”, calling for de-escalation and emphasising the need for

    a peaceful, inclusive outcome for all stakeholders – including the Druze, Bedouin tribes, the Syrian government, and Israeli forces.

    Given the deep-rooted political divisions, competing regional agendas, and unresolved demands from minority groups, the unrest in southern Syria is unlikely to end soon.

    Despite another temporary ceasefire, underlying tensions remain. Further clashes are not only possible but highly probable.

    Ali Mamouri 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. Why is Israel bombing Syria? – https://theconversation.com/why-is-israel-bombing-syria-261259

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: Investor to build school near Belomorskaya metro station

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    A school for a thousand students will be built in the Left Bank District in the north of the capital. Land use and development rules have been changed for this purpose, said the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The new school building will appear on a 1.65-hectare site. It will be able to accommodate a thousand students. The building will have universal and specialized classrooms. The project also provides for the creation of a media library, a dining and sports hall, and an event hall. The adjacent territory will be equipped with sports and recreation areas. The investor will be responsible for the construction of the facility,” said Vladimir Efimov.

    Land use and development regulations set requirements for design and construction, determine how a site can be used and what objects are permitted to be built on it.

    “The educational institution will be located near the Belomorskaya station of the Zamoskvoretskaya metro line on land plot 57/10. This will allow teachers and students to easily get to the school from other areas of the city,” she added.

    Juliana Knyazhevskaya, Chairman of the Committee for Architecture and Urban Development of the City of Moscow.

    Earlier, Moscow Mayor Sergei Sobyanin said that a new building would be built in the Sokolinaya Gora district. kindergarten.

    The construction of social facilities in Moscow corresponds to the goals and initiatives of the national project “Infrastructure for life”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: More than 90 thousand quotation sessions have taken place on the supplier portal since the beginning of the year

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Almost 93 thousand quotation sessions took place on the supplier portal in January-June 2025. This figure increased by more than 20 percent compared to the same period last year, Maria Bagreeva, Deputy Mayor of Moscow, Head of the Moscow Department of Economic Policy and Development.

    “Quotation sessions are an effective tool for small-volume procurement, which is convenient and beneficial for both businesses and government customers. In the first half of the year, almost 93 thousand mini-auctions were held on the supplier portal – 22 percent more than in the first six months of 2024. The procedures allowed state and municipal institutions to save 3.5 billion rubles by reducing the initial contract price. On average, seven entrepreneurs bid for one transaction during quotation sessions, and the purchase price is reduced by 14 percent. In the first half of the year, construction and household goods, household appliances, information technology products, communications equipment and electronics were most often purchased on the portal – the total number of sessions for them amounted to almost 25 thousand,” said Maria Bagreeva.

    Moscow customers can purchase goods worth up to five million rubles, and works and services worth up to three million rubles, as part of mini-auctions on the supplier portal. The platform concludes contracts with both legal entities and individual entrepreneurs and self-employed individuals, which contributes to the development of small and medium-sized businesses and an increase in offers in the catalog.

    “The supplier portal works like a digital store – contracts are concluded and executed remotely, without paper documents, using an electronic signature. Thanks to the resource, businesses have quick access to participation in government procurement and expansion of sales markets, and the city, in the face of growing competition, receives the best offers in terms of price and quality from suppliers throughout Russia. The leaders in terms of the volume of contracts concluded during quotation sessions in the first half of this year included entrepreneurs from Moscow, who concluded more than 48.8 thousand transactions for 11.6 billion rubles, the Moscow Region – 15.9 thousand contracts for 3.9 billion rubles, St. Petersburg – 1.9 thousand contracts for 448 million, the Ryazan Region – 297 transactions for 171.7 million and the Perm Territory – 1844 contracts for 166.1 million,” noted the head of the capital’s Department of Competition Policy.

    Kirill Purtov.

    How neural network algorithms help entrepreneurs

    The supplier portal attracts businesses with the opportunity to participate in small-volume interregional purchases, high digitalization and transaction efficiency. Thanks to the online format, suppliers can often start shipping products on the day the contract is signed. The platform develops additional services using artificial intelligence – neural network algorithms help when filling out product cards, automatically determining the category of the uploaded product based on its image.

    In the capital Department of Information Technology also reminded about other digital opportunities of the supplier portal. Thus, in 2022, an automatic bidding bot was launched on the resource – a convenient online tool that allows entrepreneurs to participate in several quotation sessions at once, without interfering with other participants making their offers. And in 2023, Moscow customers became able to purchase identical products through joint quotation sessions. Thanks to this, state and municipal institutions of Moscow can combine their needs and, by increasing the volume of purchases, attract more suppliers to the session. This increases competition between entrepreneurs and allows customers to save budget funds.

    Moscow’s contract system consistently demonstrates high efficiency. The capital is the leader inNational Procurement Transparency RatingBy standardizing procedures, introducing digital technologies and involving small businesses, Moscow government procurement ensures savings at all stages of the process.

    Moscow is actively developing interregional cooperation in the field of procurementMore than 215 thousand contracts were concluded using the trading bot on the supplier portalMoscow Signs Cooperation Agreements with Three Regions

    The functional customer of the portal is the capital Department of Competition Policy, and its technical development is supervised by the Department of Information Technology of the City of Moscow.

    Development of electronic services for business corresponds to the objectives of the national project “Data Economy and Digital Transformation of the State” and the regional project of the city of Moscow “Digital Public Administration”.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    .

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Government investment for mentoring, funding access and skills development to spark tech innovation outside capital

    Source: United Kingdom – Government Statements

    Press release

    Government investment for mentoring, funding access and skills development to spark tech innovation outside capital

    Tech entrepreneurs outside London will get support to grow their businesses, as the government launches a £1 million programme which is set to ignite innovation and bolster growth beyond the capital.

    Government investment to boost tech innovation across the UK.

    • New programme to supercharge tech growth in UK regions including Scotland, the North East, Humber and East, and South Yorkshire, and bolster local economies.
    • £1 million government investment will provide mentoring, funding access and skills development for entrepreneurs outside of London.
    • Programme launched as government looks to drive economic growth and prosperity in every part of the UK, under the PM’s Plan for Change.

    The Department for Science, Innovation and Technology (DSIT) has today (Wednesday 16 July) announced the launch of the Regional Tech Booster programme, aimed at accelerating the growth of tech clusters and early-stage digital startups in regions including Scotland, the North East, Humber and East, and South Yorkshire.

    While London remains Europe’s leading tech hub, the new programme will help close the gap between the capital and regional tech ecosystems by addressing key challenges including entrepreneur support, access to finance, and skills development.

    It will do so by delivering tailored support programmes for tech founders, such as mentoring, investment promotion events, and workshops to share best practices across regional tech communities.

    Minister for Tech and Future Digital Economy, Baroness Jones said:

    Tech innovation doesn’t stop at the M25 and we’re choosing to invest in the talent and ideas flourishing across the UK.

    This investment forms an important part of our Plan for Change to kickstart economic growth in every part of the UK. By supporting regional tech entrepreneurs, we’re creating the conditions for innovation and prosperity to flourish.

    The initiative complements existing government support for regional development, including Project Gigabit, the Local Innovation Partnership Fund, AI Growth Zones, and digital skills programmes. It demonstrates a strategic choice to invest in regional tech ecosystems as part of the government’s wider Industrial Strategy.

    Katie Gallagher, chair of the UKTCG and managing director of Manchester Digital, said:

    The UK’s nations and regions are home to a diverse and growing network of tech ecosystems. They already make a vital contribution to the economy and with the right support, they can do even more.

    We’re pleased that DSIT has selected the UK Tech Cluster Group to pilot a new approach. This programme will focus on collaboration, connecting clusters, sharing best practice, supporting founders and entrepreneurs and creating a practical playbook for building strong, sustainable regional tech economies.

    With members from across the UK’s nations and regions, UKTCG is uniquely placed to deliver this work ensuring every part of the country benefits from the UK’s thriving tech sector.

    UK Tech Cluster Group will focus on ensuring the programme delivers sustainable benefits that continue beyond the initial funding period, working closely with industry, academic institutions and local tech leaders to strengthen regional tech communities. Information on how regional tech clusters can apply for the programmes will be announced later this year.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 16 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Q1 Trading Statement for the three months ended 30 June 2025

    Source: GlobeNewswire (MIL-OSI)

         
         
      Intermediate Capital Group plc

    16 July 2025

    Q1 Trading Statement for the three months ended 30 June 2025

    Highlights

    • AUM of $123bn; fee-earning AUM of $82bn; AUM not yet earning fees of $19bn
    • Fee-earning AUM up 4%1 in the quarter, up 11%1 year-on-year
    • Fundraising in the quarter of $3.4bn, driven by Europe IX ($1.5bn / €1.3bn) and Infrastructure Europe II ($1.2bn / €1.0bn). Focus from LPs on liquidity and investment performance is continuing to drive manager selection
    • Infrastructure Europe has shown strong momentum into its final close, with Fund II receiving substantially more client capital than the prior vintage: at 30 June 2025 Infrastructure Europe II had a Total Fund Size of €2.5bn (Fund I: €1.5bn), and we expect to close a further €0.6bn before the end of the current quarter, reaching the hard cap for the strategy
    • Europe IX has had an impressive start to the fundraise, with global demand from current and new clients attracted by the strategy’s track record of private equity-like returns with downside protection and high DPI. At 30 June 2025 the Total Fund Size was €5.8bn (Europe VIII: €8.1bn)
    • Investment landscape remains very attractive for a number of strategies, including structured capital, secondaries and real assets equity
    • FY25 Sustainability and People Report published in June 2025, available here

    Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis; see full year results
    1 On a constant currency basis

    		  

    PERFORMANCE REVIEW

      AUM        
          Growth1
        30 June 2025 Last three months Year-on-year Last five years (CAGR)
      AUM $123bn         3%                 15%                 18%        
      Fee-earning AUM $82bn         4%                 11%                 14%        
               
      1 On a constant currency basis
      Business activity                
                       
      $bn Fundraising   Deployment1   Realisations1,2
      Q1 FY26 LTM   Q1 FY26 LTM   Q1 FY26 LTM
      Structured Capital and Secondaries 1.9 13.3   1.0 9.8   0.4 2.0
      Real Assets 1.3 3.2   0.5 2.7   0.3 1.6
      Debt3 0.2 5.8   1.3 3.8   0.4 3.9
      Total 3.4 22.3   2.8 16.3   1.1 7.5
                       
      1 Direct investment funds; 2 Realisations of fee-earning AUM; 3 Includes Deployment and Realisations for Private Debt only.

    PERIOD IN REVIEW

    AUM and FY26 fundraising

    At 30 June 2025, AUM stood at $123bn, fee-earning AUM at $82bn and dry powder at $34bn. The bridge between AUM and fee-earning AUM is as follows:

    $m Structured Capital and Secondaries Real Assets Debt Seed investments Total
    Fee-earning AUM 39,347 9,375 33,472   82,194
    AUM not yet earning fees 3,278 1,187 14,639 — 19,104
    Fee-exempt AUM 10,686 5,918 1,393 — 17,997
    Balance sheet investment portfolio1 2,412 563 (53) 360 3,282
    AUM 55,723 17,043 49,451 360 122,577
    1 Includes elimination of $657m (£479m) within Credit due to how the balance sheet investment portfolio accounts for and invests into CLO’s managed by ICG and its affiliates

    AUM of $123bn

    AUM ($m) Structured Capital and Secondaries Real Assets Debt Seed investments Total
    At 1 April 2025 51,499 12,922 47,557 379 112,357
    Fundraising 1,933 1,355 154 — 3,442
    Other additions1 202 2,050 75 — 2,327
    Realisations (471) (233) (585) — (1,289)
    Market and other movements 2,607 889 2,218 — 5,714
    Balance sheet movement (47) 60 32 (19) 26
    At 30 June 2025 55,723 17,043 49,451 360 122,577
    Change $m 4,224 4,121 1,894 (19) 10,220
    Change %         8%                 32%                 4%                 (5)        %         9%        
    Change % (constant exchange rate)         3%                 21%                 (1)        %         —                 3%        
    1 Other additions within Real Assets includes $1.9bn non fee-eligible leverage capacity within certain Real Estate strategies

    Fee-earning AUM of $82bn

    Fee-earning AUM ($m) Structured Capital and Secondaries Real Assets Debt Total
    At 1 April 2025 36,086 7,711 31,330 75,127
    Funds raised: fees on committed capital 1,470 1,242 — 2,712
    Deployment of funds: fees on invested capital 281 162 1,235 1,678
    Total additions 1,751 1,404 1,235 4,390
    Realisations (456) (279) (774) (1,509)
    Net additions / (realisations) 1,295 1,125 461 2,881
    Stepdowns — — — —
    FX and other 1,966 539 1,681 4,186
    At 30 June 2025 39,347 9,375 33,472 82,194
    Change $m 3,261 1,664 2,142 7,067
    Change %         9%                 22%                 7%                 9%        
    Change % (constant exchange rate)         4%                 13%                 1%                 4%        

    FY26 fundraising1

    At 30 June 2025, closed-end funds and associated SMAs that were actively fundraising2 included Europe IX, Asia-Pacific Infrastructure I and Real Estate equity. We anticipate launching LP Secondaries II during FY26.

    1 The timings of launches and closes depend on a number of factors, including the prevailing market conditions
    2 Excluding Credit (CLOs and Liquid Credit)

     
    Balance sheet

    • Balance Sheet Investment Portfolio valued at £2.9bn
    • Total available liquidity of £1.1bn (FY25: £1.1bn) and net financial debt of £477m (FY25: £629m)

    FOREIGN EXCHANGE RATES

      Average rate Period end
      Q1 FY25 Q1 FY26 31 March 2025 30 June 2025
    GBP:EUR 1.1753 1.1759 1.1944 1.1652
    GBP:USD 1.2626 1.3507 1.2918 1.3732
    EUR:USD 1.0743 1.1488 1.0815 1.1785

    COMPANY TIMETABLE

    Half year results announcement 13 November 2025

    ENQUIRIES

    Shareholders and debtholders / analysts:  
    Chris Hunt, Head of Corporate Development and Shareholder Relations, ICG +44(0)20 3545 2020
    Media:  
    Clare Glynn, Head of Corporate Communications, ICG +44(0)79 3435 7794

    This results statement may contain forward looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward looking information.

    ABOUT ICG

    ICG (LSE: ICG) is a global alternative asset manager with $123bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets.

    Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.

    *As at 30 June 2025.

    The MIL Network –

  • MIL-OSI Russia: The 2025 China-Central Asia Human Rights Development Forum was held in Xi’an

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    XI’AN, July 16 (Xinhua) — The 2025 China-Central Asia Human Rights Development Forum was held in Xi’an, capital of northwest China’s Shaanxi Province, on Tuesday.

    The event, themed “Deepening Inter-civilizational Exchanges and Mutual Enrichment for the Common Development of Human Rights,” was organized by the China Foundation for Human Rights Development (CHRDF) and brought together more than 60 participants from China and Central Asian countries, including officials from relevant government departments, experts and scholars, media representatives and human rights protection agencies, as well as responsible persons from public organizations.

    The main topics for discussion include “diversity of civilizations, Asian value system and global human rights governance”, “jointly building a community with a shared future and promoting the development of human rights”.

    Xie Fuzhan, chairman of the China Human Rights Development Foundation, said that in the pursuit of human welfare, no country or nation should be left behind, and cooperation should be pursued to promote development and the results of development should be used to promote progress in human rights.

    In his view, as developing countries, China and the five Central Asian countries should strengthen the coordination of development strategies and promote common modernization so as to bring more benefits to the people of the world and continuously improve the level of human rights protection.

    The forum participants expressed hope for increased exchanges and cooperation between countries in the area of ensuring human rights.

    Previously, a similar forum was held in September 2023 in Beijing and in May 2024 in Astana, respectively. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Prison (Amendment) Rules 2025 to be gazetted on Friday

    Source: Hong Kong Government special administrative region

         The Government will publish the Prison (Amendment) Rules 2025 (Amendment Rules) in the Gazette this Friday (July 18), which will take effect immediately on that day.
     
         A spokesperson for the Security Bureau today (July 16) said, “According to the Decision of the National People’s Congress on Establishing and Improving the Legal System and Enforcement Mechanisms for the Hong Kong Special Administrative Region to Safeguard National Security and the Hong Kong National Security Law, the Hong Kong Special Administrative Region has the constitutional responsibility to continue to improve the legal system and enforcement mechanisms for safeguarding national security steadily so as to continue to prevent, suppress and impose punishment for acts and activities endangering national security effectively. The Prison Rules (PR) have been in operation for many years. We need to review whether the PR can meet the needs of safeguarding national security and modern correctional institution management.”
     
         The spokesperson added, “Having reviewed the relevant law enforcement experience in the past in respect of custody of convicted persons in custody (PICs) and prisoners awaiting trial, potential national security risks and security threats that may be faced by correctional institutions in the future, and relevant law and practices in other jurisdictions (including the United Kingdom, the United States, Canada, Australia, New Zealand and Singapore), we propose to improve the extant PR, so as to ensure that we can effectively prevent, suppress and impose punishment for acts and activities endangering national security; continue to strengthen the legal basis for correctional officers in discharging their duties; maintain the security, good order and discipline of prisons; and facilitate the rehabilitation of PICs and protect their lawful rights and interests. We also put forward other amendments to strengthen the enforcement effectiveness of the Correctional Services Department. At the same time, we have reviewed and will amend other provisions with a view to making the PR more up-to-date and meeting the needs for the management of correctional institutions.
     
         “Amidst the present complicated geopolitical situation, national security risks still exist. It is necessary to amend the PR as soon as possible to prevent and resolve relevant risks in a timely manner, the earlier the better, for safeguarding national security effectively.
     
         “The Amendment Rules will be tabled at the Legislative Council (LegCo) for negative vetting on July 23. The Government will proactively facilitate the scrutiny work of the LegCo, with a view to further strengthening the solid defence in safeguarding national security.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: Sergei Sobyanin: Moscow is the largest center for the development of creative industries

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Moscow is the largest center for the development of creative industries in the country. Cinema, music, video games, publishing, design, theater and advertising not only make the lives of city residents brighter, but have also established themselves as the most important sector of the capital’s economy. Its share in the total volume of gross regional product in 2023 reached 10.1 percent, which is 3.3 trillion rubles. Sergei Sobyanin spoke about the development of creative industries in his blog.

    “Over the past five years, the number of organizations and individual entrepreneurs in this area has grown by 11.7 percent and has already exceeded 113 thousand. Accordingly, more and more Muscovites find themselves in creative professions. The revenue of companies is also growing steadily: last year, the creative industries sector earned 103.8 percent more than in 2019 — 6.7 trillion rubles,” the Moscow Mayor wrote.

    Movie

    Despite sanctions and other challenges of recent years, the capital’s film industry is on the rise. More than 80 percent of Russian films and TV series are shot in Moscow.

    Last year, about 120 projects were filmed on the sites of the Moscow film cluster, which is 2.5 times more than in 2023. Among them are the leaders of the distribution and film platforms of 2024-2025: “Not on the Lists”, “Kholop-2”, “The Master and Margarita”, “Led-3”, “Baba Yaga Saves the New Year”, “The Last Knight. Legacy”, “One Hundred Years Ago”, “The Flying Ship”, “The Word of a Boy. Blood on the Asphalt” and others.

    The Moscow Film Cluster, created on the initiative of the Moscow Government, currently unites several sites. Among them is the legendary Gorky Film Studio, where large-scale work on modernizing the historical territory on Sergei Eisenstein Street and the site in Valdaisky Proyezd will be completed by the end of the year. The modern full-cycle film factory Moskino on Ryazansky Prospekt has also become part of the film cluster. In addition, a super-modern complex has been created – the Moskino film park in TiNAO. Its construction is ongoing, now there are 24 natural sites in the film park, and by 2030 there will be 70. Any ideas of film crews can be realized here.

    In addition, the cluster includes a film platform. “Moschino”— a convenient service for professionals, where in a couple of clicks you can rent a location for filming not only at a film studio, but also in the city, as well as learn about grants, rent costumes, props and much more. Over the past year, the platform has been used 1.7 million times.

    In the new season of the project “Summer in Moscow” Anyone can get to know the films, the process of their creation, and learn more about the history of cinema. Guests are invited to the Moskino Cinema Park, the Gorky Film Studio, and many themed areas on the capital’s boulevards.

    The Moskino cinema park organizes exciting events for city residents and guests of the capital as part of the Cinema Weekend project. These are dozens of master classes, staged filming based on favorite Soviet and Russian films, creative evenings and lectures by film industry professionals, performances by musicians, plays and film screenings in the cinema of the same name.

    During tours of the oldest Gorky Film Studio, you can see authentic 20th century film cameras, more than 100 rare photographs from film sets, stills from your favorite films, unique costumes and props.

    IT and video games

    There are over 33,000 organizations involved in the capital’s IT and video game industry. Their total annual revenue last year exceeded 3.9 trillion rubles.

    “The industry is developing rapidly. And as usually happens, in such periods the main problem is a huge shortage of personnel. In one of the previous posts I already said that Moscow colleges offer new

    specialties, including a developer of computer games, augmented and virtual reality. At the same time, we provide support to professionals. The Agency for Creative Industries implemented 125 projects in 2024, including the accelerator for indie developers “Video Game Factory,” said Sergei Sobyanin.

    “Video Game Factory” provides full support for developers – from the idea to finding investors. The accelerator holds educational lectures and webinars, Q&A sessions, and works with curators. Currently, 60 pilot versions of games in different genres have been created. Among them are a detective story based on the works of Mikhail Bulgakov, an adventure quest based on the fairy tales of Alexander Pushkin, and a puzzle in the interiors of a spaceship.

    Moscow game developers have long needed their own space, so in 2025, the first video game and animation cluster in Russia will open in the Skolkovo Innovation Center. Its residents will be leading Russian development companies and animation studios. Uniting under one roof, they will be able to create video games of any type and complexity. The cluster will unite all stages of content production and promotion – from training specialists to support in promotion in foreign markets.

    Residents will have access to offices, meeting rooms, server rooms, a motion capture studio, a space for sound recording, a lecture hall, a conference hall, an exhibition area and much more.

    Publishing

    There are about 12 thousand organizations engaged in publishing activities in Moscow – this is 10.6 percent of all companies in the creative industries. Total revenue last year amounted to about 349.1 billion rubles.

    This industry also does not remain without city support. The Agency for Creative Industries is implementing the project “Publishing Seasons”: at the largest International Fair of Intellectual Literature Non/fiction, Moscow publishers and illustrators can present their products free of charge.

    Last year, the Moscow International Publishing Week was held for the first time in the capital. Over the course of four days, more than 45 publishers from 13 countries took part in it – Argentina, Brazil, China, Serbia and others. During this time, over 200 meetings of representatives of the book market took place, 34 export contracts were concluded for the publication of books with a total circulation of 55 thousand copies.

    Since 2023, under the auspices of the Moscow Agency for Creative Industries, a business mission of Moscow publishing houses to China has been carried out annually at the Shanghai International Children’s Book Fair.

    And now, as part of the project “Summer in Moscow” You can buy books in pavilions on Moscow boulevards.

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

    .

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: LCQ4: Measures to cope with economic downturn

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Paul Tse and a reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (July 16):

    Question:

         It has been reported that 300 enterprises in Hong Kong have ceased operation over the first half of this year. Quite a number of enterprises are facing cash flow difficulties, and some are even having their loan called in by the bank (an operation commonly known as “call loan”). Many members of the business sector are worried that, once unable to reverse the fiscal deficit, the Government will raise taxes significantly. Some academics have projected that the Government may need to raise the salaries tax rate to 26.5 per cent before fiscal balance can hopefully be achieved. Against a backdrop of uncertain economic prospects, instability in work income, and substantial increase in living and tax expenses, the public’s investment confidence and desire for consumption have been directly suppressed. In this connection, will the Government inform this Council:

    (1) whether it has examined if there are signs that the Government’s fiscal deficit has narrowed since the release of this year’s Budget and if there is room to reduce bond issuance volumes in the future;

    (2) in the light of the aforesaid worries of the business sector and members of the public about the economy and tax hikes, what policies or measures are put in place by the authorities to stabilise the confidence of various sectors; whether it can explicitly commit to not raising taxes; and

    (3) as it has been reported that a certain major property developer and a number of small and medium-sized developers in Hong Kong are facing operational crises, with some even defaulting on debts and being on the verge of closure, and foreign media have even described a certain major developer as “too big to fail”, so much so that in the event of a closure, it stands to pose a serious crisis to local banks, whether the Government has assessed the negative impact on the banking system, economic structure, unemployment rate, public confidence in investment, consumer sentiment and even government revenue in the event of successive closures of developers, and whether it has formulated counter-measures?

    Reply:

    President,

         Regarding the question raised by the Hon Paul Tse, I will first give a brief account of the latest developments of Hong Kong’s overall economic situation and the Government’s public finance strategies.

         The Hong Kong economy grew solidly. Real gross domestic product rose by 2.5 per cent in the full year of 2024 and the year-on-year increase in the first quarter of 2025 is 3.1 per cent, which is significantly higher than the 1.5 per cent average growth of G7 countries in the first quarter of 2025. As regards the stock market, the Hang Seng Index surged by a cumulative 20 per cent in the first half of the year. Our stock market trading as well as initial public offering was active. The average daily turnover for the first half of the year was around $240.2 billion, an increase of 118 per cent when compared with the same period last year. More than $107 billion was raised in the first half of the year, approximately 22 per cent more than the full-year total for last year and ranking first globally in the year-to-date. Nevertheless, certain sectors, such as traditional retail and catering, are still facing greater challenges due to changing consumption patterns of visitors and residents.

         On public finances, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts. According to the Medium Range Forecast (MRF), the Government’s Operating Account will largely achieve balance in 2025-26 and return to a surplus starting from 2026-27. The Capital Account is estimated to record a deficit in the MRF period due to the accelerated development of the Northern Metropolis and other capital works projects relating to the economy and people’s livelihood. Nevertheless, the level of deficit will decline year-on-year from 2026-27 onwards. After taking account of net proceeds from the issuance of bonds, the Consolidated Accounts will return to a surplus starting from 2028-29.

         As the question raised by Hon Paul Tse covers a wide range of issues, we have prepared a reply in consultation with the relevant bureaux and the Hong Kong Monetary Authority (HKMA) as follows:

    (1) Fiscal deficit and size of bond issuance

         A consolidated deficit of $67 billion is expected for this financial year. Due to the fact that some major types of revenue including salaries and profits taxes are mostly received towards the end of a financial year, it is premature at this juncture to project our full-year financial results. Nevertherless, the increase in trading volume of the stock market in the first half of the year has led to an increase in stamp duty revenue, rendering support to our public finances. Regarding the size of bond issuance, we have planned to issue a total of about $150 billion to $195 billion worth of bonds per annum under the Government Sustainable Bond Programme and the Infrastructure Bond Programme in the next five years. The size of bond issuance for the current financial year is estimated to be $150 billion. We have no intention to change this target at the present stage.

    (2) Economic and tax policy

         The Government has all along been adopting a multi-pronged approach to assist enterprises in meeting the challenges of economic restructuring, with a view to reinforcing their confidence in pursuing business development. As regards cash flow pressure, the Government helps small and medium enterprises (SMEs) obtain commercial loans by providing loan guarantees through the SME Financing Guarantee Scheme. Moreover, in the light of market and technological development trends, the Government supports enterprises (particularly SMEs) through Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund), including its E-commerce Easy, the Export Marketing and Trade and Industrial Organisation Support Fund, etc, in upgrading and transformation, as well as tapping into the Mainland and overseas markets.

         It must be emphasised that the Government did not raise taxes substantially in the past few years, and has no plan to raise taxes substantially at present. The reinforced fiscal consolidation programme outlined in this year’s Budget also focuses primarily on expenditure control, to be supplemented by revenue generation. On identifying new revenue sources, our principles are to maintain the competitiveness of Hong Kong’s simple and low tax regime by avoiding considerable increase in tax rates or introduction of new taxes, and to uphold the “user pays” and “affordable users pay” principles as far as practicable whilst increasing revenue. The simple and low tax policy that Hong Kong has all alone been pursuing is one of Hong Kong’s core competitiveness. In the latest World Competitiveness Yearbook 2025 published by the International Institute for Management Development, Hong Kong’s competitiveness ranks third globally, in which Hong Kong tops the ranking in “tax policy”. Meanwhile, the Government continues to make strategic use of tax measures in different areas to promote the development of our industries and economic diversification, as well as to enhance Hong Kong’s business environment and competitiveness. As announced in this year’s Budget, we will provide half-rate tax concession for eligible commodity traders to drive the development of maritime services. It is also our plan to formulate proposals on the preferential tax regimes for funds, single family offices and carried interest this year to foster the development of the asset and wealth management industries.

    (3) Property related loans’ impact on banking system

         The HKMA has been closely monitoring the healthy development of Hong Kong’s banking sector. The Total Capital Ratio of locally-incorporated banks and the average Liquidity Coverage Ratio of the major banks were 24.2 per cent and 182.5 per cent respectively as at end-March this year, well above international standards. Overall, the credit risk associated with local property development and investment loans is manageable. A significant portion of the Hong Kong banks’ exposures relating to local property development and investment loans are to the large players with relatively good financial health. For exposures to small and medium-sized local property developers and investors, including some with weaker financials or higher gearing, banks have already taken credit risk mitigating measures early on, and most of these loans are secured. Besides, there is no concentration of risks at individual borrower level.

         The overall asset quality of the banking system is manageable and provisions remain sufficient. The provision coverage ratio (i.e. total of general and specific provisions as a percentage of non-performing loans) stand at around 60 per cent as at end-March this year. If taking into account and deducting the market value of collateral from the non-performing loans, the adjusted provision coverage ratio would be about 145 per cent. The HKMA will strive to maintain a sound banking system by continuing to keep a close watch on the global economic and trade conditions as well as the development of and risk changes in the real estate market, and maintaining close communication with the banking sector.

         Thank you, President.

    MIL OSI Asia Pacific News –

  • Thousands of Afghans secretly moved to Britain after data leak

    Source: Government of India

    Source: Government of India (4)

    Britain set up a secret scheme to bring thousands of Afghans to the UK after their personal details were disclosed in one of the country’s worst ever data breaches, putting them at risk of reprisals from the Taliban after their return to power.

    Concerns that individuals could be targeted by the Taliban led the previous Conservative government to set up the relocation scheme, involving thousands of people and estimated to cost the government about 2 billion pounds ($2.7 billion).

    The leak by the Ministry of Defence in early 2022, which led to data being published on Facebook the following year, and the secret relocation programme, were subject to a so-called super injunction preventing the media reporting what happened, which was lifted on Tuesday by a court.

    British defence minister John Healey apologised for the leak, which included details about members of parliament and senior military officers who supported applications to help Afghan soldiers who worked with the British military and their families relocate to the UK.

    “This serious data incident should never have happened,” Healey told lawmakers in the House of Commons. ”It may have occurred three years ago under the previous government, but to all whose data was compromised I offer a sincere apology.”

    The incident ranks among the worst security breaches in modern British history because of the cost and risk posed to the lives of thousands of Afghans, some of whom fought alongside British forces until their chaotic withdrawal in 2021.

    Healey said about 4,500 Afghans and their family members have been relocated or were on their way to Britain under the previously secret scheme.

    But he added that no-one else from Afghanistan would be offered asylum because of the data leak, citing a government review which found little evidence of intent from the Taliban to seek retribution against former officials.

    The review, a summary of which was also published on Tuesday, said more than 16,000 people affected by it had been relocated to the UK as of May this year, though some of those had been relocated to the UK under existing schemes.

    News of the leak comes as Britain’s public finances are tight and the right-wing, anti-immigration Reform UK political party leads in the opinion polls.

    SUPERINJUNCTION LIFTED

    The government is facing lawsuits from those affected by the breach, further adding to the ultimate cost of the incident.

    Sean Humber, a lawyer at Leigh Day who has acted for Afghan citizens affected by previous data breaches, said those affected were “likely to have strong claims for substantial compensation” for the anxiety and distress caused by the leak.

    British forces were first deployed to Afghanistan in 2001 following the September 11 attacks on the United States, and they played a major role in combat operations there until 2014.

    In early 2022, a spreadsheet containing details of Afghans who had worked for the British government prior to the Taliban takeover in 2021 and had applied for relocation to Britain was emailed to someone outside of government systems by mistake.

    The super injunction was first granted in 2023 after the Ministry of Defence, under the former Conservative government, argued that a public disclosure of the breach could put people at risk of extra-judicial killing or serious violence by the Taliban.

    Prime Minister Keir Starmer’s centre-left government, which was elected last July, launched a review into the injunction, the breach and the relocation scheme.

    (Reuters)

     

  • Nvidia’s resumption of AI chips to China is part of rare earths talks, says US

    Source: Government of India

    Source: Government of India (4)

    Nvidia’s planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said on Tuesday, and comes days after its CEO met President Donald Trump.

    “We put that in the trade deal with the magnets,” Lutnick told Reuters, referring to an agreement Trump made to restart rare earth shipments to U.S. manufacturers. He did not provide additional detail.

    Nvidia said late on Monday that it is filing applications with the U.S. government to resume sales to China of its H20 graphics processing unit, and has been assured by the U.S. it will get the licences soon.

    The planned resumption is a reversal of an export restriction imposed in April that is designed to keep the most advanced AI chips out of Chinese hands over national security concerns, an issue that has found rare bipartisan support. It drew swift questions and criticism from U.S. legislators on Tuesday.

    The decision “would not only hand our foreign adversaries our most advanced technologies, but is also dangerously inconsistent with this Administration’s previously-stated position on export controls for China,” Democratic Representative Raja Krishnamoorthi, ranking member of the House of Representatives Select Committee on China, said in a statement.

    Republican John Moolenaar, chair of that committee, said in a statement he would seek “clarification” from the Commerce Department.

    “The H20 is a powerful chip that, according to our bipartisan investigation, played a significant role in the rise of PRC AI companies like DeepSeek,” Moolenaar said, referring to a Chinese startup that claims to have built AI models at a fraction of the cost paid by U.S. firms such as OpenAI. “It is crucial that the U.S. maintain its lead and keep advanced AI out of the hands of the CCP.”

    Shares of Nvidia, the world’s most valuable firm, closed up 4% and were nearly unchanged in after-market trading. Nvidia had estimated that the curbs would cut its revenue by $15 billion.

    Nvidia’s plan to resume sales has set off a scramble at Chinese firms to buy H20 chips, two sources told Reuters. The chips that Nvidia will resume selling are the best it can legally offer in China but lack much of the computing power of the versions for sale outside of China because of previous restrictions put in place by Trump’s first administration and then President Joe Biden’s administration.

    But critically, H20 chips work with Nvidia’s software tools, which have become a de facto standard in the global AI industry.

    CEO Jensen Huang, who is visiting Beijing and set to speak at an event on Wednesday, has argued that Nvidia’s leadership position could slip away if the company cannot sell to Chinese developers being courted by Huawei Technologies with chips produced in China.

    The significance of the shift depends on the volume of H20 chips that the U.S. allows to be shipped to China, said Divyansh Kaushik, an AI expert at Beacon Global Strategies, a Washington-based advisory firm.

    “If China is able to get a million H20 chips, it could significantly narrow, if not overtake, the U.S. lead in AI,” he said.

    CHINA IS CRUCIAL

    “The Chinese market is massive, dynamic, and highly innovative, and it’s also home to many AI researchers,” Huang told Chinese state broadcaster CCTV on Tuesday.

    China generated $17 billion in revenue for Nvidia in the fiscal year ending January 26, or 13% of total sales, based on its latest annual report.

    Internet giants ByteDance and Tencent 0700.HK are also in the process of submitting applications for H20 chips, the sources familiar with the matter said. Central to the process is an approved list put together by Nvidia for Chinese companies to register for potential purchases, one of the sources said.

    Tencent did not respond to a request for comment. ByteDance denied in a statement that it is currently submitting applications. Nvidia declined to comment on the approved list system.

    Asked at a regular foreign ministry briefing in Beijing about Nvidia’s plans to resume AI chip sales, a spokesperson said: “China is opposed to the politicisation, instrumentalisation and weaponisation of science, technology and economic and trade issues to maliciously blockade and suppress China.”

    China halted exports of rare earths in March following a trade spat with Trump that has shown some signs of easing. It dominates the market for rare earths, a group of 17 metals used in cellphones, weapons, electric vehicles, and more.

    Huang’s visit is being closely watched in both China and the United States, where a bipartisan pair of senators last week sent the CEO a letter asking him to abstain from meeting companies working with military or intelligence bodies.

    The senators also asked Huang to refrain from meeting with entities named on the United States’ restricted export list.

    Rival AI chipmaker AMD also said the Department of Commerce would review its licence applications to export its MI308 chips to China; it plans to resume those shipments when licences are approved, it said. Its shares gained 7% in trading on Tuesday.

    (Reuters)

  • Millions benefitted, focus will remain on youth: PM Modi on 10 years of Skill India

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday reaffirmed the government’s commitment to building a skilled and self-reliant workforce as the Skill India Mission completed ten years.

    Calling the mission a “transformative initiative”, PM Modi said it has empowered millions of young people across the country with new skills and opportunities.

    In reply to a post on social media platform X by MyGovIndia and Union Minister Jayant Singh, the Prime Minister said, “Skill India is strengthening the resolve to make our youth skilled and self-reliant.”

    “The Skill India initiative has benefited countless people, empowering them with new skills and creating opportunities. In the coming times as well, we will keep focusing on equipping our Yuva Shakti with new skills, in line with global best practices, so that we can realise our dream of a Viksit Bharat,” the PM added.

    https://x.com/narendramodi/status/1945137452588409051

    Launched in 2015, the Skill India Mission aims to train millions in industry-relevant skills to enhance employability and promote entrepreneurship. The government has said it will continue to expand skilling programmes to meet global standards and help India’s youth contribute to building a developed nation.

  • MIL-OSI United Nations: UNESCO report warns of extracting activities near World Heritage sites

    Source: UNESCO World Heritage Centre

    UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature, and the World Wildlife Fund call on investors to adhere to industry commitments and ensure World Heritage Site protection.

    UNESCO and its partners today released a report which shows the extent to which extractive industries are encroaching upon UNESCO World Heritage sites.

    The report, “Extractive Activities in UNESCO World Heritage Sites: Commitments, Risks and Investment Implications”, offers the most comprehensive analysis to date on the presence and proximity of areas licenced for oil, gas, and mineral exploration and production in and around some of the world’s most treasured cultural and natural heritage sites.

    Jointly released by UNESCO, the Church of England Pensions Board, Greenbank, the International Union for Conservation of Nature (IUCN), and the World Wildlife Fund (WWF), the report also emphasizes the critical role investors can play in assessing their risk exposure and influencing extractive companies’ practices. The data and analysis in the report help investors identify and manage the risks, aligning their investment decisions with global heritage protection commitments.

    In addition, the report outlines several ways investors can identify, assess, and respond to risks arising from operations within and near UNESCO World Heritage sites. These guidelines rely on UNESCO policy standards, focusing on how investors can integrate these standards into their own processes.

    “World Heritage sites support millions of livelihoods through tourism, agriculture, and other vital sectors. Oil, gas, and mining companies – and their investors – have a crucial role to play in safeguarding these irreplaceable places from harm.”

    Extractive activities in UNESCO World Heritage sites

    Commitments, risks and investments implications

    Dowload the full report

    English

    Protected, but not safe

    According to the report, companies currently hold oil, gas, and mining assets – licensed areas for exploration or production – in 97 of the 266 assessed natural UNESCO World Heritage sites, representing 36 per cent of sites. These include mining claims in 58 sites, oil and gas wells in 27, awarded oil and gas blocks in 25, oil and gas bid blocks in 14, and mining projects in 10. More than 800 individual assets overlapping with natural and mixed sites have been identified worldwide, impacting every region.

    Updating a similar spatial analysis conducted by WWF in 2015, the report finds that more than half of the sites previously identified as affected by extractive overlaps remain so today, indicating persistent and unresolved pressure.

    The risks extend beyond the boundaries of sites themselves. Nearly half (48 percent) of natural sites lie within one kilometre of extractive activity, and 73 per cent are within 20 kilometres, placing them at increased risk of pollution, habitat destruction, and cultural disruption.

    For the first time, the report also evaluates risks to cultural World Heritage sites and  reveals that 17 per cent of them – 158 out of 925 – are within 500 metres of extractive activity. Oil and gas activities are found near 124 cultural sites, while mining activities affect 45.

    “Natural World Heritage sites are among nature’s most precious gifts to humanity yet, despite their status, they are still coming under ongoing pressure from oil, gas and mining companies. As hotspots of biodiversity and culture, these sites can help support sustainable development and tackle climate change – we should not put them at risk.”

    Extractives in World Heritage sites is an investment risk

    The overlap between extractive activities and World Heritage sites presents a serious investment risk as companies operating in sensitive locations face growing scrutiny from regulators, shareholders, civil society and the public. This can lead to project delays, fines, reputational damage, and even operational shutdowns, all of which can impact profit margins and undermine long-term investment value.

    The report urges investors and extractive companies to avoid operating in or near these high-risk areas and to ensure that their activities comply with internationally recognized environmental and social standards, including UNESCO’s guidance supporting the World Heritage ‘no-go’ commitment.

    “Investors must act as responsible stewards of capital by ensuring the companies they finance do not put World Heritage sites at risk. This is not just a conservation issue – it’s a matter of long-term financial and reputational risk investors need to manage.”

    A critical opportunity and a shared responsibility

    Despite the risks, a window of opportunity remains. Most of the identified extractive assets are still in the forms of claims and concessions rather than active mines or oil and gas wells. This provides a crucial chance to take preventive action before operations begin and irreversible damage occurs.

    Strong national legal protections, comprehensive impact assessments, and greater transparency of extractive licensing processes are essential. Licences that overlap with or threaten areas of high conservation value should be responsibly phased out.

    “Extractive activities have long been recognized as fundamentally incompatible with World Heritage status. It is essential that governments, investors, and companies respect these sites as off-limits to oil, gas and mineral concessions and operations.”

    To prevent harm to World Heritage sites, investors must integrate spatial, financial and reputational risks into their investment policies and decision-making. A growing number of companies and organizations have already taken this step, following the example of the International Council on Mining and Metals (ICMM), which was the first to adopt a World Heritage ‘no-go’ commitment.

    “We believe investors have a responsibility to recognise where clear limits to economic activities must be drawn and to support companies that operate with care and responsibility. At its heart, this is about protecting what cannot be replaced.”

    UNESCO thanks the Government of Flanders (Kingdom of Belgium) for its support in strengthening corporate sector engagement in the protection of World Heritage. Learn more at: https://whc.unesco.org/en/no-go-commitment/

    About UNESCO and the World Heritage Convention

    The United Nations Educational, Scientific and Cultural Organization (UNESCO) is a specialized agency of the United Nations dedicated to strengthening our shared humanity through the promotion of education, science, culture, and communication. It seeks to encourage the identification, protection and preservation of cultural and natural heritage around the world considered to be of outstanding value to humanity. This is embodied in an international treaty called the Convention concerning the Protection of the World Cultural and Natural Heritage, adopted by UNESCO in 1972.

    About the Church of England Pensions Board

    The Church of England Pensions Board provides retirement services to those who serve or work for the Church, managing pension schemes for over 43,000 members across 700 Church organizations. Managing around £3.4 billion in funds, it invests responsibly and sustainably for the long term to meet pension commitments. Guided by the ethics of the Church of England, it actively engages with companies and sectors to drive positive change alongside other investors, focusing on issues important to its members and their future. Find out more on their investment policy here.

    About Greenbank

    Greenbank provides investment management services for private investors, trusts and charities, and has been helping to drive change in finance, business and society through ethical and sustainable investment for over 20 years. As the sustainable investment specialists within Rathbones Group, Greenbank strives to be the natural home for investors seeking to align their investments with their values, providing sustainable investment as a standard, not an add on.

    About IUCN

    IUCN is the global authority on the state of the natural world and the measures needed to safeguard it. IUCN brings together 1,500 government and civil society members, over 17,000 affiliated experts, while also helping businesses implement practices that conserve nature and benefit people. Since 1972, IUCN has served as the official Advisory Body on nature under the World Heritage Convention, leading the technical evaluation of new nominations, monitoring existing sites, and supporting conservation action through our global network and granting tools. Learn more about IUCN’s World Heritage work here.

    About WWF

    WWF is an independent conservation organization, with over 35 million followers and a global network active through local leadership in over 100 countries. Its mission is to stop the degradation of the planet’s natural environment and to build a future in which people live in harmony with nature, by conserving the world’s biological diversity, ensuring that the use of renewable natural resources is sustainable, and promoting the reduction of pollution and wasteful consumption. Find out more at wwf.panda.org.

    MIL OSI United Nations News –

  • MIL-OSI China: Qinghai pioneers green growth with ecology-first strategy

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

    Standing at the heart of a 609-sq-km photovoltaic park located in the Talatan Gobi Desert in Gonghe County, northwest China’s Qinghai Province, China Arab TV correspondent Ayoub Bechrouri enthusiastically began recording his report with his smartphone.

    Behind him stretches a captivating “blue sea” — an endless expanse of photovoltaic panels covering the landscape. Beneath these gleaming solar arrays, verdant grasslands thrive where flocks of sheep graze contentedly, showcasing the perfect harmony between renewable energy and sustainable agriculture.

    “This is a good example of green energy development,” Bechrouri said. “I hope to see China-Arab collaboration bring Chinese technologies to Arab countries.”

    Hailing from Morocco, Bechrouri was part of a delegation of around 30 international journalists from countries including the United States, Germany, Japan and Spain on a three-day tour of Qinghai organized by China’s State Council Information Office. The media delegation experienced firsthand how this northwestern province is pioneering China’s ecological civilization drive through concrete green development projects.

    ECO-FRIENDLY ENERGY

    “In a sunny country like Spain, people have been paying attention to the ecological impact of the construction of large photovoltaic power stations,” said Alvaro Alfaro Ruiz-Alberdi, a journalist at the Spanish news agency Agencia EFE. “I find it interesting to examine how Qinghai maintains the balance between this energy development and environmental protection.”

    The Spanish correspondent found the answer at this very photovoltaic park, one of the highest-capacity solar power facilities globally, in Gonghe.

    The park’s innovative eco-industrial model — power generation atop solar panels, grass cultivation between panels, and sheep grazing beneath them — has restored vegetation coverage to 80 percent in an area that was once a dust-blown stretch of the Gobi Desert, according to Wang Anwei, director of the energy bureau of Hainan Tibetan Autonomous Prefecture, which administers Gonghe.

    This agrivoltaic model has also boosted income for livestock farming, generating over 10,000 yuan (about 1,398 U.S. dollars) per mu (about 0.07 hectares), and has helped lift 173 neighboring villages out of poverty.

    “Now my flock has grown to about 800 sheep, and my income from grazing alone has doubled compared to before,” said Zhao Guofu, a herder who began grazing his sheep here six years ago.

    By the end of 2024, the total investment in clean energy in the Hainan Tibetan Autonomous Prefecture reached 16.18 billion yuan, with annual clean energy power generation amounting to 46.32 billion kWh. Notably, photovoltaic power generation was about 17.9 billion kWh, representing a year-on-year increase of 16.21 percent.

    IMPROVED BIODIVERSITY PROTECTION

    In the summer, Qinghai Lake, located in the northeastern part of the Qinghai-Xizang Plateau, shimmers with azure waves, teeming with visitors. Brown-headed gulls wheel above the water surface, while vast schools of the lake’s unique species, naked carp, which is classified as vulnerable on the China Species Red List, glide beneath.

    “The naked carp constitutes over 90 percent of the lake’s total fish population and serves as the primary prey for birds such as brown-headed gulls. This species plays a vital role in maintaining the ecosystem and biodiversity of the Qinghai Lake basin,” said Wang Shuning, with the protection and utilization administration of the Qinghai Lake scenic area.

    Due to overfishing and environmental deterioration, the population of naked carp sharply declined in the 1960s and 1970s. In order to protect the species and restore the Qinghai Lake environment, Qinghai banned naked carp fishing at the lake in 2001, following a series of temporary prohibitions from the 1980s onward.

    Between 2002 and 2023, the biomass of naked carp increased nearly 46-fold. Additionally, as the only habitat of Przewalski’s gazelles, an endangered antelope species, the Qinghai Lake basin has seen the total number of the species recover from fewer than 300 at the beginning of conservation efforts to approximately 3,400 currently. This remarkable growth reflects the concerted conservation efforts by both the Chinese government and local communities.

    The province has adopted a holistic approach to the protection and systematic governance of the symbiotic ecosystem of “water-grass-fish-birds-animals” in the Qinghai Lake basin. It has established monitoring platforms for ecological sensing and hydrological early warning, and has gradually set up over 300 ecological monitoring sites.

    Two years ago, local resident Dorje Tsomo became an ecological ranger at the Qinghai Lake scenic area. On duty, she always carries a camera to document environmental changes around the lake and a field manual compiling 98 species of waterbirds, which serves as her constant reference for learning their distinctive features, distributions and conservation statuses.

    “We also use a WeChat mini-program to document patrol routes, while nearby villagers promptly report injured birds. Together, we protect Qinghai Lake, the home we all share,” she said.

    According to Chen Dehui, deputy director of the protection and utilization administration of the Qinghai Lake scenic area, growing numbers of herders are voluntarily taking on new roles — as photographers capturing the lake’s natural beauty and as interpreters in ecological education programs — diversifying their income sources while sharing in the rewards of conservation.

    “Qinghai Lake’s ecological conservation is truly impressive,” said Furuta Natsuya, a journalist with Japan’s Hokkaido Shimbun who visited Qinghai for the first time. “Here, I witnessed a genuine model of human-nature coexistence and felt the profound connection between people and the natural world.”

    ECOLOGY-ENRICHED PROSPERITY

    In April this year, Kanbula, located in Jainca County of Huangnan Tibetan Autonomous Prefecture in Qinghai, was officially designated as a UNESCO Global Geopark. The park spans roughly 3,149 square kilometers with striking fiery-red Danxia landforms, towering jagged peaks, hidden caves and emerald lakes.

    “This world-class geological landmark not only enhances geo-conservation efforts, but also accelerates local infrastructure development, drawing global visitors to fuel cultural tourism revenues in the area,” said Hou Guangliang, a professor at Qinghai Normal University’s school of geographical sciences.

    In recent years, Dekyi Village, which is near the geopark, has become a living example of turning “ecological assets into economic gains.”

    “Thanks to government-sponsored training programs, our family now runs a homestay and agritourism business,” local villager Jorgyi said. “Last year, we earned over 70,000 yuan, and this year looks even more promising.”

    The village receives over 200,000 annual visitors, generating more than 1 million yuan in collective and individual dividends.

    “Like many regions in Hokkaido facing population decline, I’m particularly interested in rural revitalization. I hope to gain firsthand insights into how Chinese grassroots communities have experienced poverty alleviation and the tangible outcomes of government initiatives,” said Furuta.

    Both China and Japan are actively exploring sustainable development pathways, Furuta noted, adding that the Qinghai visit gave him profound insight into how both countries’ successful practices in community governance, ecotourism and cultural integration merit mutual learning. 

    MIL OSI China News –

  • MIL-OSI: Richemont posts solid start to the year for its first quarter ended 30 June 2025

    Source: GlobeNewswire (MIL-OSI)

    AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

    16 JULY 2025

    RICHEMONT POSTS SOLID START TO THE YEAR FOR ITS FIRST QUARTER ENDED 30 JUNE 2025

      
    Highlights for the quarter ended 30 June 2025

    • Group sales at € 5.4 billion, up by 6% at constant exchange rates and by 3% at actual exchange rates in a volatile macroeconomic and geopolitical context
    • Continued strength at Jewellery Maisons, up by 11% at constant exchange rates; softer sequential rate of decline at Specialist Watchmakers, down by 7%; ‘Other’, including Fashion & Accessories Maisons, at -1%
    • Double-digit growth in Europe, the Americas and Middle East & Africa; stable sales in Asia Pacific at constant exchange rates; Japan down on high comparatives in prior-year period
    • Consistent growth across all distribution channels, led by Jewellery Maisons
    • Robust net cash position at € 7.4 billion, after cash transferred to YNAP upon closing of the sales transaction with LuxExperience 
    April-June   2025 2024 Movement at:
        €m €m constant rates actual rates
    By region Europe 1 295 1 171 +11% +11%
      Asia Pacific 1 731 1 809 – -4%
      Americas  1 335 1 215 +17% +10%
      Japan  527 603 -15% -13%
      Middle East & Africa  524 470 +17% +11%
               
    By distribution channel Retail 3 734 3 631 +6% +3%
      Online retail  323 315 +6% +3%
      Wholesale and royalty income  1 355 1 322 +6% +2%
               
    By business area Jewellery Maisons 3 914 3 656 +11% +7%
      Specialist Watchmakers 824 911 -7% -10%
      Other 674 701 -1% -4%
    Total   5 412 5 268 +6% +3%

    Review of trading in the three-month period ended 30 June 2025 versus the prior-year period, at constant exchange rates

    Any long form references to Hong Kong, Macau and Taiwan within this company announcement are Hong Kong SAR, China; Macau SAR, China; and Taiwan, China respectively.

    At constant exchange rates, Group sales in the quarter ended 30 June 2025 rose by 6% in a volatile global macroeconomic and geopolitical context.

    The growth was led by double digit increases in Europe, the Americas and Middle East & Africa, more than offsetting Japan’s sales decline against high prior-year comparatives; sales in the Asia Pacific region remained stable. In Europe, sales grew by 11%, driven by robust demand from local clients and overall positive tourist spend, supported by successful high jewellery events. Almost all main markets in the region saw an increase in sales this quarter, with notable performances in Italy and Germany. In the Americas, sales growth remained strong at +17%, driven by supportive local demand across all business areas and markets. Sales in the Middle East & Africa region rose by 17%, led by the United Arab Emirates market as well as higher tourist spend. In Japan, sales declined by 15% against a demanding +59% comparative in the prior-year period, with a strengthening Yen strongly reducing tourist spend, most notably from Chinese clientele, whilst local demand remained positive. Asia Pacific sales were stable overall versus the prior-year period, as a 7% decline in China, Hong Kong and Macau combined was fully compensated by robust growth in almost all other Asian markets. Of note, sales in Australia and South Korea were up double digits.

    Growth was consistent across all distribution channels, each up by 6%, led by Jewellery Maisons. Retail sales accounted for 69% of Group sales, with growth across all regions excluding Japan. Wholesale sales growth was driven by solid increases in the Americas, Europe and Middle East & Africa. Online retail sales showed robust growth across almost all regions.

    The Group’s four Jewellery Maisons – Buccellati, Cartier, Van Cleef & Arpels and Vhernier – recorded an 11% rise in sales, marking a third consecutive quarter of double-digit growth, supported by both jewellery and watch product lines. All regions posted growth, except Japan that faced a very high comparative in the prior-year period. Specialist Watchmakers sales were 7% lower than the prior-year period, largely reflecting declines in sales in China, Hong Kong and Macau combined as well as in Japan, partly offset by double-digit growth in the Americas. The Group’s Other business area, which includes Fashion & Accessories Maisons, declined by 1% compared to the prior-year period. Notable highlights included continued solid momentum at Peter Millar and Alaïa, an encouraging performance at Chloé and robust growth at Watchfinder & Co.

    The Group’s net cash position at 30 June 2025 stood at € 7.4 billion (2024: € 7.3 billion) after accounting for the € 426 million cash-out upon completion of the sale of YNAP to Mytheresa on 23 April 2025.

    Corporate calendar

    The annual general meeting will be held on Wednesday 10 September 2025 in Geneva. The interim results for the current financial year will be announced on Friday 14 November 2025. The Group’s corporate calendar is available on https://www.richemont.com/investors/corporate-calendar/.

    About Richemont
    At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.

    Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian as well as Watchfinder & Co. Find out more at https://www.richemont.com/ .

    Richemont ‘A’ shares are listed on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange, Richemont’s secondary listing.


    Investor/analyst and media enquiries

    Alessandra Girolami, Group Investor Relations Director

    James Fraser, Investor Relations Executive

    Investors/analysts enquiries: +41 22 721 30 03; investor.relations@cfrinfo.net 

    Media enquiries: +41 22 721 35 07; pressoffice@cfrinfo.net; richemont@teneo.com 

    Disclaimer

    The financial information contained in this announcement is unaudited.

    This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Richemont’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop and a decline in consumers traffic could have a negative effect on our comparable store sales and/or average sales per square foot and store profitability resulting in impairment charges, which could have a material adverse effect on our business, results of operations and financial condition. Reduced travel resulting from economic conditions, retail store closure orders of civil authorities, travel restrictions, travel concerns and other circumstances, including disease epidemics and other health-related concerns, could have a material adverse effect on us, particularly if such events impact our customers’ desire to travel to our retail stores. International conflicts or wars, including resulting sanctions and restrictions on importation and exportation of finished products and/or raw materials, whether self-imposed or imposed by international countries, non-state entities or others, may also impact these forward-looking statements. If international tariffs are imposed or increased, materials and goods that Richemont imports may face higher prices, which could lead to reduced margins or increased prices that could cause decreased consumer demand. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s control. Richemont does not undertake to update, nor does it have any obligation to provide updates of, or to revise, any forward-looking statements.

    © Richemont 2025

    This announcement does not contain full details and should not be used as a basis for any investment decision in relation to the Company’s shares. Please find the full announcement available in PDF below:

    Richemont FY26 – Q1 Sales PDF EN

    The MIL Network –

  • MIL-OSI: ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €7.7 billion total net sales and €2.3 billion net income in Q2 2025
    Full-year 2025 expected total net sales growth of around 15% with gross margin around 52%

    VELDHOVEN, the Netherlands, July 16, 2025 – Today, ASML Holding NV (ASML) has published its 2025 second-quarter results.

    • Q2 total net sales of €7.7 billion, gross margin of 53.7%, net income of €2.3 billion
    • Quarterly net bookings in Q2 of €5.5 billion2 of which €2.3 billion is EUV
    • ASML expects Q3 2025 total net sales between €7.4 billion and €7.9 billion, and a gross margin between 50% and 52%
    • ASML expects a full-year 2025 total net sales increase of around 15% relative to 2024, with a gross margin of around 52%
    (Figures in millions of euros unless otherwise indicated) Q1 2025   Q2 2025
    Total net sales 7,742   7,692
    …of which Installed Base Management sales1 2,001   2,096
    New lithography systems sold (units) 73   67
    Used lithography systems sold (units) 4   9
    Net bookings2 3,936   5,541
    Gross profit 4,180   4,130
    Gross margin (%) 54.0   53.7
    Net income 2,355   2,290
    EPS (basic; in euros) 6.00   5.90
    End-quarter cash and cash equivalents and short-term investments 9,104   7,248

    (1) Installed Base Management sales equals our net service and field option sales.
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on www.asml.com.


    CEO statement and outlook
    “Our second-quarter total net sales came in at €7.7 billion, at the top end of our guidance. The gross margin was 53.7%, above guidance, primarily driven by higher upgrade business and one-offs resulting in lower costs.

    “We see continued progress in litho intensity, particularly in DRAM, and the introduction of the TWINSCAN NXE:3800E reinforces that momentum. Meanwhile, EUV adoption is advancing as planned, including High NA. This quarter, we shipped the first TWINSCAN EXE:5200B system.

    “Looking at 2026, we see that our AI customers’ fundamentals remain strong. At the same time, we continue to see increasing uncertainty driven by macro-economic and geopolitical developments. Therefore, while we still prepare for growth in 2026, we cannot confirm it at this stage.

    “We expect third-quarter total net sales between €7.4 billion and €7.9 billion, with a gross margin between 50% and 52%. We expect R&D costs of around €1.2 billion and SG&A costs of around €310 million. For the full year 2025, we expect a 15% increase in total net sales and a gross margin of around 52%,” said ASML President and Chief Executive Officer Christophe Fouquet.

    Update dividend and share buyback program
    An interim dividend of €1.60 per ordinary share will be made payable on August 6, 2025.

    In the second quarter, we purchased around €1.4 billion worth of shares under the current 2022–2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Jim Kavanagh +31 40 268 3938
    Willem van Ewijk +31 6 2744 1187 Pete Convertito +1 203 919 1714
    Karen Lo +886 9 397 88635 Peter Cheang +886 3 659 6771
    Sarah de Crescenzo +1 925 899 8985  

      
    Quarterly video interview and investor call
    With this press release, ASML is publishing a video interview in which CEO Christophe Fouquet and CFO Roger Dassen discuss the 2025 second quarter and outlook for 2025. This video and the video transcript can be viewed on www.asml.com shortly after the publication of this press release.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on July 16, 2025 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 44,000 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at www.asml.com.

    US GAAP and IFRS Financial Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly US GAAP Consolidated Statements of Operations, Consolidated Statements of Cash Flows and Consolidated Balance Sheets are available on www.asml.com.

    The Consolidated Balance Sheets of ASML Holding N.V. as of June 29, 2025, the related Consolidated Statements of Operations and Consolidated Statements of Cash Flows for the quarter and six-month period ended June 29, 2025, as presented in this press release, are unaudited.

    Today, July 16, 2025, ASML also published its Statutory Interim Report for the six-month period ended June 29, 2025. The Statutory Interim Report is available on www.asml.com.

    Regulated information
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Forward Looking Statements

    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected growth in the semiconductor industry by 2030, our expectation that AI will be the key driver for the industry and the expected impact of AI demand on our business and results, our expectation that lithography will remain at the heart of customer innovation, expected demand, bookings, outlook of market segments, outlook and expected financial results including 2025 second-half outlook, expected results for Q3 2025, including net sales, Installed Base Management sales, gross margin, R&D costs, SG&A costs, outlook for full year 2025, including expected full year 2025 total net sales, gross margin, estimated annualized effective tax rate and expected IBM sales, expected full-year net sales growth percentage relative to 2024, current expectations relating to 2026 including expected drivers and uncertainties and preparation for growth in 2026, statements made at our 2024 Investor Day, including modelled revenue and gross margin opportunity for 2030, statements with respect to tariff announcements and the expected impact of such tariffs on our business and results, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans, statements with respect to our ESG strategy and commitments and other non-historical statements. You can generally identify these statements by the use of words like “may”, “expect”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity”, “commitment” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, semiconductor market conditions, the ultimate impact of AI on our industry and business, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation, delays or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, the impact of the tariff announcements, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase program, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and commitments and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2024 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

    Attachments

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