Category: Politics

  • MIL-OSI Economics: Development Asia: Exploring Challenges and Opportunities of PPPs in Health Care

    Source: Asia Development Bank

    A public–private partnership (PPP) is a long-term contract between a private entity and a government entity, for providing a public asset or service. It has emerged as a strategic approach in health care, enabling governments to deliver quality medical services efficiently by leveraging private sector expertise, financial resources, and technological advancements. The public partner is typically responsible for project development and planning, providing access to land and utilities, ensuring regulatory compliance, and conducting contract monitoring. On the other hand, the private partner is typically responsible for design, construction, and infrastructure development, bringing in investment and operational expertise, and driving innovation to enhance service efficiency and quality.

    PPPs help address challenges facing health care systems, such as inadequate infrastructure, workforce shortages, financial constraints, and service delivery gaps, by bridging critical gaps in infrastructure, service delivery, and management.

    Different countries have tailored PPP models to address their unique health care needs. The impact of PPPs is particularly significant in addressing the challenges faced by low- and middle-income countries, where health care access and quality are constrained by financial and human resource limitations. For instance, India has demonstrated significant progress in PPP-based health care service delivery, particularly in areas like super specialty hospital development, dialysis services, diagnostic networks, telemedicine initiatives, and medical institutes. Meanwhile, Uzbekistan is actively exploring PPP models to strengthen its health care infrastructure and service provision, with growing emphasis on leveraging private sector participation in tertiary care, diagnostics, and hospital management. The following case studies highlight key lessons from health care PPPs in India and Uzbekistan, showcasing successful models and practical insights for effective implementation

    Upgradation of district hospitals to medical college and hospitals, Uttar Pradesh, India

    Uttar Pradesh, the most populus state of India, faced a critical shortage of medical professionals and tertiary care facilities, particularly in underserved districts. Of the 39 districts lacking medical colleges, 23 were established with state funding. To further bridge the gap, the government launched the “One District, One Medical College” initiative that involves the upgrading of district hospitals to 16 new medical colleges under a PPP model. Of these facilities, four medical colleges are being developed under state incentive schemes, while the development of three medical colleges (based on Design-Build-Finance-Operate and Transfer PPP Model) is supported through Viability Gap Funding.

    Figure 1: Project Structure Using the Design-Build-Finance-Operate and Transfer Model

    Source: Compiled by the Author Team based on NITI Aayog, Government of India. Public Private Partnership in Medical Education Concession Agreement – Guiding Principles. Guidelines for Financial Support to Public Private Partnerships in Infrastructure Viability Gap Funding Scheme, Project Tender Documents. 
    DH = District Hospital, NMC = National Medical Commission, VGF = Viability Gap Funding.

    Over the next 5 years, the project is expected to

    • improve access to medical education, addressing the shortage of trained professionals; 

    • expand tertiary care services in underserved regions;
    • enhance healthcare infrastructure by adding 6,700 beds;
    • enhance workforce availability by adding 1,600 doctors and more than 10,000 clinical workforce; and
    • provide affordable care by providing free inpatient department beds for underserved patients, free essential medicines for government-supported patients, and free outpatient department-related diagnostics; and ensured affordable rates for other patients.

    NephroPlus Dialysis Project in Uzbekistan

    Uzbekistan faced a severe shortage of dialysis centers, leading to high patient mortality and limited access to treatment, especially in remote areas. Existing facilities were overburdened and patients often had to travel long distances for care. To address this, dialysis services are being implemented through a PPP model across three regions in Uzbekistan (Karakalpakstan, Khorezm, and Tashkent), ensuring high-quality care, advanced technology, and cost-effective treatment for patients with renal diseases. The project follows a Build-Operate-Transfer model with a concession period of 10 years.

    From 2021 to 2025, the project achieved the following:

    • provided over 300,000 treatments across three regions;

    • reduced patient mortality by 40% since May 2021;

    • trained and recruited more than 300 clinical nurses and doctors through the NephroPlus Academy;

    • enabled a total savings of $9.8 million for the government; and

    • reduced by 15% country-level Hepatitis C patient count.

    MIL OSI Economics

  • Operation Sindoor outreach: Ravi Shankar Prasad-led delegation receives briefing on India-Denmark relations

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation led by senior BJP MP Ravi Shankar Prasad was given a comprehensive briefing on Thursday by Indian Ambassador to Denmark, Manish Prabhat, as part of India’s ongoing diplomatic outreach under Operation Sindoor.

    The briefing focused on the India-Denmark Green Strategic Partnership, shared democratic values, and the global challenge of terrorism.

    “The All-Party Parliamentary Delegation was given a detailed briefing by Ambassador Manish Prabhat on India-Denmark bilateral relations of ‘Green Strategic Partnership’, shared values and issues of mutual concern including the challenge of combating terrorism globally,” the Embassy of India in Copenhagen posted on X.

    The delegation’s visit to Denmark follows a successful leg in Italy, where the group highlighted India’s firm stance against Pakistan-sponsored cross-border terrorism and emphasized the “new normal” policy of zero tolerance.

    During their stay in Copenhagen, the Indian MPs are scheduled to meet with senior Danish leaders, including Deputy Speaker of the Danish Parliament Lars-Christian Brask, Chairman of the Foreign Policy Committee Christian Friis Bach, other sitting Members of Parliament, as well as select former lawmakers, political figures, journalists, and members of the Indian diaspora.

    Earlier on Thursday Ravi Shankar Prasad shared details of the delegation’s engagements with key Italian officials and institutions. “We had enriching interactions with Italy’s Under Secretary of State for Foreign Affairs and International Cooperation, Maria Tripodi, Senator Giulio Tremonti, President and Members of the Committee on Foreign Affairs and European Commission, in the Chamber of Deputies,” he posted on X.

    “We also engaged with prominent think tanks and strategic experts. We shared India’s zero-tolerance approach to terrorism and our resolve to combat it in all forms. Encouragingly, we found a common understanding between India and Italy on the issue of global terrorism. Both nations affirmed their commitment to working together for peace and amity, underscoring the strong relationship between India and Italy,” he added.

    The nine-member delegation includes BJP leaders Daggubati Purandeswari, Ghulam Ali Khatana, and Samik Bhattacharya; Priyanka Chaturvedi of Shiv Sena (UBT); Amar Singh of the Congress; M. Thambidurai of the AIADMK; former Union Minister M.J. Akbar; and former diplomat Pankaj Saran.

    (With inputs from IANS)

  • PM Modi stresses green energy, infrastructure growth and farmer welfare in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi, on Friday, underlined the central government’s commitment to building a modern and self-reliant Bihar, with a strong focus on green energy, infrastructure development, and farmer welfare.

    Addressing a gathering in Bihar’s Karakat, PM Modi highlighted the ongoing construction of a solar park in Kajra as a step towards increasing the state’s renewable energy capacity. He said the initiative aligns with the larger national agenda of clean energy transition and reflects the government’s resolve to reduce dependence on fossil fuels.

    Speaking on the benefits of the PM-KUSUM scheme, the Prime Minister said farmers are being empowered to generate additional income through solar energy. He also noted that the use of renewable-powered agricultural feeders is ensuring a reliable power supply to farmlands, contributing to enhanced agricultural productivity. “These efforts have not only improved the quality of life in rural areas but have also ensured greater safety for women,” he added.

    The Prime Minister emphasised that modern infrastructure brings maximum benefits to villages, the poor, farmers, and small industries by linking them to national and international markets. He said that new investments in the state are generating new employment opportunities and propelling economic growth.

    Recalling the Bihar Business Summit held last year, PM Modi noted that several companies had expressed interest in investing in the state. He said the resulting industrial development is helping reduce migration by enabling people to find jobs closer to home. Improved transportation facilities, he added, are allowing farmers to market their produce across wider regions, further boosting the agricultural economy.

    Reiterating the government’s commitment to the welfare of farmers, the Prime Minister said over 75 lakh farmers in Bihar are benefitting from the PM-Kisan Samman Nidhi scheme. He announced the setting up of a Makhana Board in the state and highlighted that Bihar’s Makhana has received a Geographical Indication (GI) tag, which is helping farmers gain better recognition and returns for their produce.

    He also said the Union Budget this year has made provisions for setting up a National Institute for Food Processing in Bihar, which will further support the food processing industry and benefit local farmers.

    In a major announcement, the Prime Minister informed the public that the Union Cabinet has recently approved an increase in the Minimum Support Price (MSP) for 14 Kharif crops, including paddy. He said the decision would ensure better returns for farmers and boost their income during the upcoming crop season.

    The Prime Minister’s address was part of a larger event during which he launched and laid the foundation stone for development projects worth ₹48,500 crore, encompassing infrastructure, energy, transport, and agriculture.

     

  • Sanjay Jha-led delegation meets Islamic leaders in Indonesia, reaffirms India’s zero-tolerance stand against terrorism

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation, led by JD-U MP Sanjay Kumar Jha, on Friday met with KH Ulil Abshar Abdalla, Chairman of the Nahdlatul Ulama Executive Board (PBNU), and Kholili Kholil, Committee Member of Nahdlatul Ulama (NU) in Indonesia, the world’s largest Islamic organisation, and sought their support against violence and religious extremism.

    “Honoured to meet KH Ulil Abshar Abdalla, Chairman of the Nahdlatul Ulama Executive Board, and Kholili Kholil, Committee Member of Nahdlatul Ulama – the world’s largest Islamic organisation. Our All-Party Parliamentary Delegation reaffirmed India’s resolute stand against terrorism and sought support in countering religious extremism,” Sanjay Jha posted on X.

    “As nations bound by the values of ‘Bhinneka Tunggal Ika’ (Unity in Diversity), we called for shared voices to champion peace and justice. KH Ulil expressed deep solidarity with India, strongly condemned the Pahalgam attack, and affirmed the need for India and Indonesia to walk together for peace, cooperation, and progress,” the post added.

    Condemning the April 22 Pahalgam terror attack, which claimed the lives of 26 people, KH Ulil said he felt the pain and called for India and Indonesia to walk hand in hand to promote peace and economic development.

    Earlier on Thursday, the delegation interacted with the resident Ambassadors of friendly diplomatic missions of around 20 countries in Indonesia, sharing detailed insights on Operation Sindoor and clearly explaining the role of Pakistan in the gruesome April 22 Pahalgam terror attack.

    They highlighted India’s measured, non-escalatory, and targeted response following the Pahalgam attack.

    Later, the visiting delegation met the leaders of the National Mandate Party (PAN) of Indonesia including Eddy Soeparno, Vice Chairman of PAN and Deputy Speaker of the Indonesian People’s Assembly, and Viva Yoga Mauladi, Vice Chairman of the Party and also Deputy Minister for Transmigration Republic of Indonesia, along with other leaders and Members of Parliament from PAN sharing views on India’s stance on zero tolerance for terrorism.

    The Indian MPs also had meaningful discussions with researchers and scholars of various think tanks and academia in Indonesia.

    The delegation comprises BJP MPs Aparajita Sarangi, Brij Lal, Hemang Joshi, and Pradan Baruah, Trinamool Congress MP Abhishek Banerjee, CPI(M) Rajya Sabha member John Barittas, senior Congress leader Salman Khurshid, and Former Indian Ambassador to France, Mohan Kumar.

    (With inputs from IANS)

  • MIL-OSI United Kingdom: Isle of Wight Council moves to shield Island from overdevelopment 30 May 2025 Isle of Wight Council moves to shield Island from overdevelopment

    Source: Aisle of Wight

    The Isle of Wight Council has taken a major step forward in protecting and shaping the Island’s long-term development by voting to accept the planning inspector’s required changes to the Island Planning Strategy (IPS).

    The decision, made during an extraordinary meeting of Full Council on Wednesday night, clears the way for the IPS to progress toward formal adoption.

    The IPS is a long-term strategic framework that guides how the Island will manage housing, infrastructure, job creation, and environmental priorities across the Island.

    It strikes a careful balance between the need for new and affordable homes and the protection of the Island’s unique communities, environment and heritage.

    One of the most significant changes required by the Planning Inspectorate was an increase in the Island’s annual housing target.

    While the original draft proposed 453 new homes per year — based on local evidence — the government’s standard method would have required the Island to plan for 1,104 homes annually.

    However, after reviewing the council’s detailed submission and supporting evidence, the planning inspectors concluded that a revised minimum target of 703 homes per year would be required to comply with national planning policies.

    Council officers will now begin to identify how to deliver an additional, modest, 79 homes per year for the first five years of the plan.

    They will also address other minor changes requested by the inspectors. These updates will be subject to public consultation, ensuring residents continue to have a voice in how the Island develops.

    The IPS continues to include strengthened policies to protect the Island’s natural environment and biodiversity.

    It promotes sustainable transport, supports renewable energy, and encourages development in areas with existing infrastructure, especially on brownfield land — helping to reduce pressure on greenfield sites and preserve the Island’s rural charm and nature.

    The plan also addresses key local concerns such as flood risk, coastal erosion, and affordable housing, aiming to ensure that future growth is both responsible, resilient, appropriate, and sustainable.

    Options considered

    Councillors considered several options before reaching their decision.

    The approved route, known as Option A, allows the council to move forward with the IPS while incorporating the inspector’s recommendations. This approach was seen as the most balanced, enabling the council to retain local control over planning decisions while meeting national policy requirements.

    Alternative options included withdrawing the IPS entirely and starting from scratch, which would have triggered the higher housing target of 1,104 homes per year.

    Another proposal to formally challenge the inspector’s recommendations was rejected, as it lacked a credible risk assessment and could have left the Island without a valid local plan — potentially opening the door to speculative and unregulated development.

    A council spokesperson said: “This was not an easy decision, but it was the right one under the circumstances we face. By accepting the Inspector’s recommendations, we are securing a plan that gives us the best chance to protect our Island from speculative development, while still meeting the needs of our communities.

    “Rejecting the plan, starting over or opposing the inspector’s requirements would have left us exposed to far greater housing targets and far less control. The worst of all outcomes for the Island.”

    What happens next?

    Next steps include preparing detailed proposals to meet the revised housing requirement and completing other evidence-based work.

    These will be published for public consultation in the coming months, giving residents another opportunity to help shape the final version of the plan.

    Photo: Getty Images

    MIL OSI United Kingdom

  • MIL-OSI Africa: Mining in Motion Welcomes United Kingdom (UK) – Ghana Gold Program as Bronze Sponsor

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

    ACCRA, Ghana, May 30, 2025/APO Group/ —

    The United Kingdom – Ghana Gold Program (UKGGP) has confirmed its participation as a Bronze Sponsor at the highly anticipated – Ghana’s premier gathering for mining stakeholders, scheduled for June 2 – 4, 2025 in Accra. 

    Implemented by UK-based TAG International in partnership with the Ghanaian government, the UKGGP aims to combat illegal mining, promote the formalization of artisanal and small-scale gold mining (ASGM), and enhance miners’ technical capabilities through targeted training and capacity-building initiatives. 

    At Mining in Motion, UKGGP representatives will engage with Ghanaian regulators, mining stakeholders, and international partners to address the pressing challenges posed by illegal mining and explore best practices for sustainable and inclusive mining development. 

    Despite generating over $5 billion annually in export revenue, Ghana’s ASGM sector loses up to $2.3 billion to illegal operations – a gap that can be significantly reduced through effective formalization. In response, the UKGGP is spearheading community development and skills training efforts in mineral-rich regions such as Aboso, Prestea, and Bondaye, aiming to equip miners with the tools needed to operate within the formal mining value chain. 

    Mining in Motion, with its strong focus on ASGM empowerment, formalization and environmental rehabilitation and sustainability, provides an ideal platform for UKGGP to showcase its mission and impact. UKGGP representatives will participate in high-level panel discussions, exclusive networking sessions, and project showcases, highlighting initiatives aimed at empowering ASGM operators, promote environmental rehabilitation, and drive sustainable mining practices in Ghana. 

    Organized by the Ashanti Green Initiative – led by Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom – in collaboration with Ghana’s Ministry of Lands and Natural Resources, World Bank, and the World Gold Council, with the support of Ghana’s Ministry of Lands and Natural Resources, the summit offers unparalleled opportunities to connect with industry leaders. 

    MIL OSI Africa

  • France may toughen stance on Israel if it continues blocking Gaza aid, Macron says

    Source: Government of India

    Source: Government of India (4)

    France could harden its position on Israel if it continues to block humanitarian aid to Gaza, French President Emmanuel Macron said on Friday, reiterating that Paris was committed to a two-state solution to resolve the Israel-Palestinian conflict.

    “The humanitarian blockade is creating a situation that is untenable on the ground,” Macron said at a joint press conference in Singapore with Prime Minister Lawrence Wong.

    “And so, if there is no response that meets the humanitarian situation in the coming hours and days, obviously, we will have to toughen our collective position,” Macron said, adding that France may consider applying sanctions against Israeli settlers.

    “But I still hope that the government of Israel will change its stance and that we will finally have a humanitarian response”.

    Israeli Prime Minister Benjamin Netanyahu’s government has hit back at growing international pressure over the war in Gaza, the deadliest fighting in decades of conflict between Israel and the Palestinians.

    Macron was in Singapore on a state visit and he will also deliver the keynote address at the Shangri-La Dialogue, Asia’s premier security forum, which runs this year from May 30-June 1.

    Deep differences between Palestinian militant group Hamas and Israel have stymied previous attempts to restore a ceasefire that broke down in March.

    Under growing international pressure, Israel partially ended an 11-week long aid blockade on Gaza 10 days ago. It has allowed a limited amount of relief to be delivered via two avenues – the United Nations or the U.S.-backed Gaza Humanitarian Foundation.

    The French president said Paris is committed to working towards a political solution and reiterated his support for a two-state solution to the Israel-Palestinian conflict.

    Macron is leaning towards recognising a Palestinian state, diplomats and experts say, a move that could infuriate Israel and deepen Western splits.

    French officials are weighing up the move ahead of a United Nations conference, which France and Saudi Arabia are co-hosting between June 17-20, to lay out the parameters for a roadmap to a Palestinian state, while ensuring Israel’s security.

    Israel launched its campaign in Gaza in response to a Hamas attack in its south on October 7, 2023, that killed some 1,200 people and saw 251 Israelis taken hostage into Gaza, according to Israeli tallies.

    The war since then has killed around 54,000 Palestinians, Palestinian health authorities say, more than in any other of the countless rounds of fighting between the two sides.

    (Reuters)

  • MIL-OSI United Kingdom: Interest rate reductions on the Court Funds Office special and basic accounts: 30 May 2025

    Source: United Kingdom – Government Statements

    News story

    Interest rate reductions on the Court Funds Office special and basic accounts: 30 May 2025

    Reduction of interest rates for Court Funds Office special and basic accounts from today (30 May 2025).

    In response to the decrease in the Bank of England base rate on 8 May 2025, the Court Funds Office (CFO) rates of interest payable to clients have been reviewed and from 30 May 2025 these will change to the following:

    • Special Account – decreased from 4.50% to 4.25%
    • Basic Account – decreased from 3.38% to 3.19%

    The decision was made to ensure that the running costs of the CFO service can continue to be met whilst still providing an affordable rate of interest payable to clients.

    If you wish to discuss further, please contact the CFO on 0300 0200 199 or email enquiries@cfo.gov.uk

    Updates to this page

    Published 30 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Financial news: Four Federal Treasury deposit auctions will take place on 30.05.2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    Application selection parameters
    Date of the selection of applications 05/30/2025
    Unique identifier of the application selection 22025149
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 878,000
    Placement period, in days 4
    Date of deposit 05/30/2025
    Refund date 03.06.2025
    Interest rate for placement of funds (fixed or floating) Fixed
    Minimum fixed interest rate for placement of funds, % per annum 20.05
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 09:30 to 09:40
    Preliminary applications: from 09:30 to 09:35
    Applications in competition mode: from 09:35 to 09:40
    Formation of a consolidated register of applications: from 09:40 to 09:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 09:40 to 10:00
    Submission to credit institutions of an offer to conclude a bank deposit agreement: from 10:00 to 10:50
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 10:00 to 10:50
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n
    Application selection parameters
    Date of the selection of applications 05/30/2025
    Unique identifier of the application selection 22025150
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 50,000
    Placement period, in days 182
    Date of deposit 05/30/2025
    Refund date 11/28/2025
    Interest rate for placement of funds (fixed or floating) Floating
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds Ruonmds
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Closed
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 12:00 to 12:10
    Formation of a consolidated register of applications: from 12:10 to 12:20
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 12:10 to 12:30
    Submission to credit institutions of an offer to conclude a bank deposit agreement: from 12:30 to 13:20
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 12:30 to 13:20
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a RUONIA rate value published on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 05/30/2025
    Unique identifier of the application selection 32025010
    Deposit currency rubles
    Type of funds funds of the Social Fund of Russia (ROPS)
    Maximum amount of funds placed in bank deposits, million monetary units 1,200
    Placement period, in days 199
    Date of deposit 05/30/2025
    Refund date 12/15/2025
    Interest rate for placement of funds (fixed or floating) Floating
    Minimum fixed interest rate for placement of funds, % per annum
    Basic floating interest rate for placement of funds Ruonmds
    Minimum spread, % per annum 0.00
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Special
    Minimum amount of funds placed for one application, million monetary units 1
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 16:00 to 16:10
    Preliminary applications: from 16:00 to 16:05
    Applications in competition mode: from 16:05 to 16:10
    Formation of a consolidated register of applications: from 16:10 to 16:20
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 16:10 to 16:30
    Submission to credit institutions of an offer to conclude a bank deposit agreement: from 16:30 to 17:20
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 16:30 to 17:20
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    RUONmDS = RUONIA – DS, where

    RUONIA – the value of the indicative weighted rate of overnight ruble loans (deposits) RUONIA, expressed in hundredths of a percent, published on the official website of the Bank of Russia on the Internet on the day preceding the day for which interest is accrued. In the absence of a RUONIA rate value published on the day preceding the day for which interest is accrued, the last of the published RUONIA rate values is taken into account.

    DS – discount – a value expressed in hundredths of a percent and rounded (according to the rules of mathematical rounding) to two decimal places, calculated by multiplying the value of the Key Rate of the Bank of Russia by the value of the required reserve ratio for other liabilities of credit institutions for banks with a universal license, non-bank credit institutions (except for long-term ones) in the currency of the Russian Federation, valid on the date for which interest is accrued, and published on the official website of the Bank of Russia on the Internet.

    Application selection parameters
    Date of the selection of applications 05/30/2025
    Unique identifier of the application selection 22025151
    Deposit currency rubles
    Type of funds funds of the single treasury account
    Maximum amount of funds placed in bank deposits, million monetary units 10,000
    Placement period, in days 4
    Date of deposit 05/30/2025
    Refund date 03.06.2025
    Interest rate for placement of funds (fixed or floating) Fixed
    Minimum fixed interest rate for placement of funds, % per annum 20.05
    Basic floating interest rate for placement of funds
    Minimum spread, % per annum
    Terms of conclusion of a bank deposit agreement (fixed-term, replenishable or special) Urgent
    Minimum amount of funds placed for one application, million monetary units 1,000
    Maximum number of applications from one credit institution, pcs. 5
    Application selection form (open or closed) Open
    Application selection schedule (Moscow time)
    Venue for the selection of applications PAO Moscow Exchange
    Applications accepted: from 18:30 to 18:40
    Preliminary applications: from 18:30 to 18:35
    Applications in competition mode: from 18:35 to 18:40
    Formation of a consolidated register of applications: from 18:40 to 18:50
    Setting a cut-off percentage rate and/or recognizing the selection of applications as unsuccessful: from 18:40 to 18:50
    Submission to credit institutions of an offer to conclude a bank deposit agreement: from 18:50 to 19:30
    Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 18:50 to 19:30
    Deposit transfer time In accordance with the requirements of paragraph 63 and paragraph 64 of the Order of the Federal Treasury dated 04/27/2023 No. 10n

    Contact information for media 7 (495) 363-3232
    Pr@moex.kom

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI United Kingdom: A like-minded partnership on Cyber and Capability Collaboration

    Source: United Kingdom – Executive Government & Departments

    News story

    A like-minded partnership on Cyber and Capability Collaboration

    As we face complex technological challenges, sharing knowledge and expertise with our allies is essential to safeguard our mutual interests and strengthen our national security.

    The UK and Japan continue to deepen their strategic collaboration in cyber, working together to uphold a free, open, and secure digital world. From joint cyber exercises to the responsible use of cyber power, this like-minded partnership strengthens resilience and sets the global example of trusted cooperation in the cyber domain.

    DSEI Japan – Last week, Strategic Command was proud to lead the MOD presence at DSEI Japan in support of UK Defence and Security Exports (UKDSE) and Minister for Defence Procurement and Industry (Min(DPI)), the Rt Hon Maria Eagle MP.

    DSEI Japan is Asia’s only integrated Defence and Security Expo and, to some extent emulates the long-running UK model. As a forum, and in terms of its wider international importance, it is growing exponentially. This year DSEI Japan involved over 100 countries and delegations and over 300 exhibitors. For the first time DSEI Japan featured a keynote address from the Japanese Prime Minister, Shigeru Ishiba.

    The MOD delegation was in Japan to support UKDSE and the UK’s wider prosperity agenda, as well as supporting outreach on behalf of UK industry and Small and Medium-sized enterprises. Presentations at the MOD stand focussed on driving innovation, the Cyber & Electromagnetic (Cyber & EM) Domain and Global Strategic Trends 7.

    Working Together in Cyberspace

    Our involvement in DSEI was preceded by a joint UK-Japan cyber seminar at the British Embassy in Tokyo. The event signalled the next stage in the maturing of our bilateral co-operation across the Cyber Domain.

    HMA Julia Longbottom and Lt Gen Tom Copinger-Symes led the seminar with approximately 100 invited guests from across the Japanese MOD, and related think-tanks and media.  

    Japan is embracing the concept of Active Cyber Defence. Considerable resources and effort are being put into understanding the Cyber Threat and the whole of society response that is needed to maintain cyber security. New legislation has pushed the boundaries of Japan’s approach to Cyber providing new means for the Japanese MOD to protect citizens and continue to defend Japanese networks.

    The Active Cyber Defence legislation provides Japan with the legal permissions to – having been blocked by the constitution for over 70 years – intercept communications data for the purposes of cyber security and, in severe situations, to deliver offensive cyber operations. It also enables reforms to Japan’s cyber structures and public-private partnership mechanisms. The adoption of the Active Cyber Defence legislation is a significant milestone, as it meant flexing the boundaries of Japan’s constitution and long-standing political conventions.

    There is much both the UK and Japan can do to learn from each other, both in terms of training and supporting our people, but also operating differently to address cross-cutting threats to our ways of living, which demand and need whole of society responses. The UK’s Cyber Primer provides one model for how this can be done.

    Lt Gen Tom Copinger-Symes followed his presentation by giving a pooled interview to the Japanese media, during which he complimented the Japanese Government and MOD on the novel and far-sighted nature of their reforms. Calling it a foundation for “genuinely strong cooperation”, he reaffirmed the UK’s commitment to working with Japan and other partners to address threats.

    With reference to the recent, and ground-breaking legislation on Active Cyber Defence, HMA Tokyo, Julia Longbottom, said

    … we often say cyber is a team sport, but I’d go one step further and call it an international team sport relying on us all to play our part. So, it is only right that we commend that team. From the Japanese politicians, officials and experts who have been involved in the development of the legislation. To like-minded partners, industry and my own team for their tireless work to share lessons and learn from Japan’s transformational reforms.

    Deepening our Strategic Collaboration

    The MOD presence also served to highlight the continued importance attached to Global Combat Air Programme (GCAP) and the close working partnership we enjoy with Japan and Italy, as partners in the development of this sixth-generation capability. Detailed conversations with our Japanese partners also emphasised the importance of the digital enablement of GCAP, including the overarching digital backbone and related architecture.

    In her keynote address, Min(DPI) emphasised the importance of the UK and Japan working together as trusted partners. Similarly, in her interview with Nikkei, she reinforced the importance of international collaboration by necessity, and the benefits of like-minded partners working increasingly together. The need to work differently with industry, particularly in the newer domains of Cyber & EM was also brought to the fore by Lt Gen Tom Copinger-Symes – here.

    Updates to this page

    Published 30 May 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Mikhail Mishutin held a meeting on the situation in the coal industry

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    M. Mishustin: “This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power, and housing and utilities. It also participates in solving social problems.”

    Opening remarks by Mikhail Mishustin:

    Good afternoon, dear colleagues!

    Opening remarks by Mikhail Mishustin at a meeting on the situation in the coal industry

    Today we will discuss the situation in the coal industry. This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power and housing and utilities. It also participates in solving social problems.

    In this area, Russia is one of the three largest exporters. This means that incentives are being created for the development of transport infrastructure, primarily railways. The main sales markets here are China, India, Turkey and Korea, as well as other countries in Southeast Asia and Africa.

    On the instructions of the President, the Government has implemented a number of measures to support the industry. In particular, an agreement was concluded between Russian Railways and the Kemerovo Region on the guaranteed export of significant volumes of coal in the eastern direction. The share of innovative rolling stock has been increased. Rates for wagon operators and for transshipment in ports have been reduced. An end-to-end transportation technology has been introduced, which has made it possible to reduce delivery time from Kuzbass to southern ports by almost half, which significantly reduces companies’ transportation costs.

    Participants of the meeting

    List of participants of the meeting on the situation in the coal industry

    The federal budget financed measures to restructure the coal industry. The funds were used to resettle citizens, as well as for social support for employees dismissed due to the liquidation of organizations, for additional pension provision, technical and other purposes.

    A program is being implemented to further improve working conditions, increase the safety of mining operations and, of course, reduce accidents and injuries.

    Previous news Next news

    Mikhail Mishutin held a meeting on the situation in the coal industry

    The corresponding infrastructure is also being developed. Operation of the Pacific Railway has begun, construction of the ports of Elga and Lavna is underway. Coal mining centers are being created in the east of the country with favorable mining and geological occurrence of raw materials. And a shorter transportation shoulder to the main sales markets.

    New technologies and modern equipment are also being actively introduced. This allows for a significant increase in extraction efficiency and productivity. If in Soviet times about one and a half million people worked in the industry, then according to the results of last year – only slightly more than 150 thousand. At the same time, the volume of extracted raw materials exceeded the values of the last years of the USSR by almost fifteen million tons.

    It is obvious that the innovative potential of the coal industry is far from exhausted. Enterprises are engaged in the implementation of three-dimensional modeling technologies, optimization of mine equipment, coal extraction, including at low-power seams.

    In recent years, the industry has faced new serious challenges. World prices for all types of such fuel have fallen sharply. This year, unfortunately, the situation continues to worsen. In the first four months, export prices have fallen by almost a quarter. The situation is also complicated by the high debt load of companies. Significant expenses are required to maintain current operations, ensure industrial safety, labor protection and the environment.

    A whole series of measures have been developed to level the situation. It is necessary to help promising organizations that are experiencing temporary difficulties.

    In agreement with the President, I gave the corresponding instructions to the Minister of Finance Anton Germanovich Siluanov, the Minister of Energy Sergey Evgenievich Tsivilev, and the head of Russian Railways Oleg Valentinovich Belozerov. They visited the Kemerovo Region, discussed the most pressing issues with the management and employees of coal enterprises, and presented me with a number of proposals. Now we will discuss all of this in detail and report to the President.

    We hope that this will allow us to make all the necessary decisions to balance the situation.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Dmitry Grigorenko: The selection of particularly significant projects of the second wave has been completed

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The government has resumed issuing grants for industrial competence center projects. A total of 49 projects will be implemented within the second wave: 17 of them will receive grant funding, the other 32 projects will be implemented using the companies’ own funds. Completion of 86% of the selected second wave projects is planned for up to and including 2027.

    During the selection of the second wave of projects, on the instructions of Deputy Prime Minister – Head of the Government Staff Dmitry Grigorenko, an additional assessment of their economic efficiency and potential for replication was carried out.

    All developments that claimed the status of particularly significant projects were reviewed by development institutes – the Russian Foundation for Information Technology Development and the Skolkovo Foundation. Also, all projects that participated in the selection underwent an independent examination, within the framework of which an assessment was made of industry and inter-industry demand, economic feasibility of expenses and project implementation timeframes. In addition, the developments were checked for compliance with the requirements for inclusion in the register of software and hardware systems. Inclusion in the register facilitates the replicability of the solution and opens up the possibility of its use at critical information infrastructure (CII) facilities.

    “The projects implemented within the framework of the ICC are not just another point digital solutions. These are developments that are designed to increase the efficiency of entire sectors of the economy and ensure import substitution. We continue to improve the mechanism for selecting and implementing particularly significant projects in order to obtain competitive solutions that are not inferior to foreign ones, which the market is already waiting for and wants to implement. Additional assessment will allow us to determine at the stage of project selection which of them the industry is most interested in and how government investments will be returned to the budget in the form of tax deductions. It is important to exclude a situation in which one company – the customer – receives benefits from the implementation of the project. Also, let me remind you that we pay equal attention to both grant projects and projects at the expense of the companies’ own funds. All of them – regardless of the source of funding – must be completed on time and implemented within one or several industries,” commented Dmitry Grigorenko.

    The approved projects with grant co-financing, which will be implemented during the second wave, include, for example, a digital platform for solving and tracking quality issues commissioned by NAZ LLC. The system will automatically identify quality issues and promptly report them. Its implementation is expected to increase the speed of decision-making by 20% and increase the profits of enterprises in the automotive industry by 5-15%.

    The Industrial Assistant software package, implemented by order of DST-Ural LLC, also received grant support. The solution will allow using topographic images to create highly accurate 3D terrain models, plan mining operations, create routes for equipment movement, and warn of possible collapses and landslides. The system will help reduce the number of emergency situations and equipment downtime, and save on its repair and maintenance.

    Among the second-wave projects implemented at the expense of the companies’ own funds is the information system of the Federal State Unitary Enterprise Rosmorport for recording the calls of ships at the ports of the Russian Federation on domestic software (developed by JSC Sitronics). The project will consolidate data on ship calls at ports in a centralized database and create a “single information window” for the industry. Also among the progressive projects that will be implemented at the expense of the companies’ own funds is the development of JSC Kama – the cross-platform digital environment “Atom” for managing the functions of an electric vehicle. The system includes online diagnostics services, a digital cloud web system and a mobile application for managing an electric vehicle.

    For all projects, agreements have already been signed with customer companies at the level of development institutions on the provision of grants. The funds will be transferred to the recipients no later than June 1, 2025.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Government launches pilot project on operational cooperation to combat cyber fraudsters

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Order of May 28, 2025 No. 1350-r

    Document

    Order of May 28, 2025 No. 1350-r

    From June 4, 2025, Russia will begin implementing a pilot project for the operational interaction of government agencies, banks and telecom operators to combat cyber fraud. An order to this effect has been signed.

    The goal of the pilot is to create an effective mechanism for interaction between various state and non-state structures and to establish an exchange of information between them to prevent crimes using information and communication technologies.

    The platform for such interaction will be the state information system being created to combat violations in this area. During the implementation of the pilot project, the operation of this system will be tested. Thus, it is planned to determine the categories of data necessary for effective counteraction to cybercrimes, develop unified formats for providing data on offenses, and achieve automation of operational interaction. In addition, within the framework of the pilot project, it is necessary to develop preventive measures to combat fraudsters using digital communication channels.

    The participants of the pilot project from the state side will be the Ministry of Digital Development, the Ministry of Internal Affairs, the FSB, Roskomnadzor, Rosfinmonitoring, FSTEC, the Bank of Russia, the Prosecutor General’s Office and the Investigative Committee. The participants will also include the largest Russian banks and telecom operators and JSC National Payment Card System.

    The pilot project is scheduled to be completed in March 2026. Its implementation will provide new opportunities to protect citizens from fraudulent activities and enhance their security on the Internet.

    At the end of 2024, the Government approved the Concept of the state system for combating crimes committed using information and communication technologies. This document, among other things, defined the creation of a specialized digital platform for the prompt exchange of information between law enforcement agencies, credit institutions and communications operators as a priority area of activity.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: The deposit auction of the Moscow Small Business Lending Assistance Fund will take place on 30.05.2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

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    Date of the deposit auction 05/30/2025
    Placement currency Rub
    Maximum amount of funds placed (in placement currency) 300,000,000.00
    Placement period, days 40
    Date of deposit 05/30/2025
    Refund date 07.07.2025
    Minimum placement interest rate, % per annum 20.25
    Conditions of imprisonment, urgent or special Urgent
    Minimum amount of funds placed for one application (in placement currency) 300,000,000.00
    Maximum number of applications from one Participant, pcs. 1
    Auction form, open or closed Open
    Basis of the Treaty General Agreement
     
    Schedule (Moscow time)
    Preliminary applications from 10:30 to 10:40
    Applications in competition mode from 10:40 to 10:45
    Setting a cut-off percentage or declaring the auction invalid until 10:55
       
    Additional terms Placement of funds with the possibility of early withdrawal of the entire deposit amount and payment of interest accrued on the deposit amount at the rate established by the deposit transaction, in the event of non-compliance of the Bank with the requirements established by clause 2.1. of the Regulation “On the procedure for selecting banks for placing funds of the Moscow Small Business Lending Assistance Fund in deposits (deposits) under the GDS” (as amended on the date of the deposit transaction), early withdrawal at the “on demand” rate, interest payment monthly, on the last business day of the month, without replenishment

    MIL OSI Russia News

  • MIL-OSI Global: Young men on South Africa’s urban margins: new book follows their lives over 10 years

    Source: The Conversation – Africa – By Hannah J. Dawson, Senior Lecturer, Anthropology and Development Studies, University of Johannesburg

    South Africa’s young people, aged 15 to 34, who make up more than 50% of the country’s working age population, bear a disproportionate burden of unemployment. They have done so for more than a decade. Of this group, those aged 15-24 face the highest barriers to the job market, according to data from Statistics South Africa. The majority of these young people live in the townships and informal settlements.

    A new book, Making a Life: Young Men on Johannesburg’s Urban Margins, examines how young people in Zandspruit, an informal settlement on the outskirts of Johannesburg, make a life. Anthropologist Hannah Dawson explains why she chose Zandspruit for her research and shares her findings about the sociopolitical landscape of urban settlements.

    Why the choice of Zandspruit for your research?

    It started with my arrival there in 2011 to study a wave of political protests during local elections. This sparked a much longer research journey spanning more than a decade, which this book traces.

    The settlement was established in the early 1990s and has grown into a densely populated area of around 50,000 people, across 14 pieces of land.

    The expansion of Zandspruit reflects broader trends in post-apartheid South Africa: rapid urbanisation, inadequate urban housing, rising unemployment and underemployment — including a shift from permanent to casual work, and from formal to informal employment.

    What sets Zandspruit apart is its location. It is near post-apartheid economic hubs such as Kya Sands, with its light industries and business parks, and Lanseria Airport, a growing freight and logistics hub earmarked for expansion under the Greater Lanseria Masterplan. It also borders affluent suburbs and golf estates. This makes it distinct from older, more isolated settlements in Johannesburg’s south. Its proximity to shopping malls, townhouse complexes, warehouses and commercial zones makes it a destination of choice for migrants. They include people seeking a foothold in the urban market from rural areas of South Africa as well as people from other parts of the African continent.

    This proximity makes Zandspruit a case study for understanding how residents access urban job markets, and the connections between wage and non-wage economic activities.

    What do your findings tell us about the lives of young people?

    The book draws on research primarily with young men, whose work and lives I followed over ten years. It shows how young men on the urban margins navigate structural unemployment and inequality by forging social ties, asserting belonging, and pursuing alternative livelihoods within what I call Zandspruit’s “redistributive economy”. I use the phrase “making a life” to move beyond survival or income generation. A life is not only about securing food and shelter. It involves the pursuit of social connection, identity, place and dignity.

    For many of the young men I came to know, this often involved turning down demeaning jobs in favour of self-initiated income strategies that offered greater autonomy. These included renting out shacks, running internet cafes or car washes, or operating as mashonisas (unregistered loan sharks). Such efforts reflect more than personal resilience – they reveal how men’s social position and connections within the settlement shape access to the more lucrative niches of the local economy.

    These dynamics point to a broader condition facing young people in South Africa: deep and persistent material insecurity. Yet, they also show the ways in which young people, especially young men, are actively building lives in the face of profound uncertainty. They are crafting meaning and striving for something more in a context marked by chronic unemployment and inequality.

    What did you learn about urban inequality and living on the urban margins?

    The residents of Zandspruit are not equally poor or marginalised. A focus of the book is the division between “insiders” – long-term residents with access to property who earn rental income – and “outsiders” – new arrivals and immigrants who, as tenants, are more dependent on low-paid jobs. These distinctions shape access to land, housing, livelihoods and local recognition.

    Most immigrants form a precarious tenant class, while landlords tend to be established residents with long-standing ties to the settlement. Zandspruit is a deeply stratified space where social connections, property access and local citizenship determine who belongs and who benefits. By tracing men’s positions as insiders or outsiders, the book shows how these inequalities shape their economic strategies and capacity to build a life on the urban margins.

    What do you recommend in terms of public policy?

    The book doesn’t make policy recommendations. However, it speaks to key public and policy debates. Media and policy narratives often portray unemployed youth as idle and disconnected from society, ignoring the complex, often invisible, economic activities and arrangements that structure their lives. While informal and unstable, these pursuits reflect resourcefulness, local knowledge, and a conscious rejection of degrading labour.

    It challenges the idea that informal entrepreneurship can solve youth unemployment. Most enterprises are too precarious to lift young people out of poverty. It also questions the notion that informal settlements are simply ghettos of exclusion and poverty. Instead, it highlights the inequalities within the settlement and calls for greater attention to be paid to the local economies and social orders being forged within these spaces. Understanding these dynamics is crucial to rethinking how we respond to unemployment, the urban housing crisis and inequality in South Africa.

    Hannah J. Dawson received funding from the Commonwealth Scholarship Commission and the National Research Foundation.

    ref. Young men on South Africa’s urban margins: new book follows their lives over 10 years – https://theconversation.com/young-men-on-south-africas-urban-margins-new-book-follows-their-lives-over-10-years-257026

    MIL OSI – Global Reports

  • MIL-OSI United Nations: 30 May 2025 News release WHO calls for urgent action to ban flavoured tobacco and nicotine products

    Source: World Health Organisation

    On World No Tobacco Day, the World Health Organization (WHO) today launches a new publication and calls on governments to urgently ban all flavours in tobacco and nicotine products, including cigarettes, pouches, hookahs and e-cigarettes, to protect youth from addiction and disease.

    Flavours like menthol, bubble gum and cotton candy are masking the harshness of tobacco and nicotine products turning toxic products into youth-friendly bait. Flavours not only make it harder to quit but have also been linked to serious lung diseases. Cigarettes, which still kill up to half of their users, also come in flavours or can have flavours added to them.

    “Flavours are fuelling a new wave of addiction, and should be banned,” said Dr Tedros Adhanom Ghebreyesus, Director-General of WHO. “They undermine decades of progress in tobacco control. Without bold action, the global tobacco epidemic, already killing around 8 million people each year, will continue to be driven by addiction dressed up with appealing flavours.”

    The publication, Flavour accessories in tobacco products enhance attractiveness and appeal, reveals how flavours and accessories like capsule filters and click-on drops are marketed to bypass regulations and hook new users.

    Currently:

    • over 50 countries ban flavoured tobacco;
    • more than 40 countries ban e-cigarette sales; 5 specifically ban disposables and 7 ban e-cigarette flavours; and
    • flavour accessories remain largely unregulated.

    Countries such as Belgium, Denmark, and Lithuania are taking action, and WHO urges others to follow.

    Flavours are a leading reason why young people try tobacco and nicotine products. Paired with flashy packaging and social media-driven marketing, they’ve increased the appeal of nicotine pouches, heated tobacco, and disposable vapes into addictive and harmful products, which aggressively target young people.

    “We are watching a generation get hooked on nicotine through gummy bear-flavoured pouches and rainbow-coloured vapes,” said Dr Rüdiger Krech, WHO Director of Health Promotion. “This isn’t innovation, it’s manipulation. And we must stop it.”

    WHO reiterates that tobacco products, including heated tobacco products, expose users to cancer-causing chemicals and should be strictly regulated.

    The 2025 World No Tobacco Day campaign honours governments, youth activists and civil society leaders pushing back against industry interference. “Your actions are changing policy and saving lives,” said Dr Krech.

    With around 8 million tobacco-related deaths each year, the time for action is now. Flavours, and the industries that deploy them, have no place in a healthy future.
     

    Information sheets

    The role of flavours in increasing the appeal of tobacco, nicotine and related products

    Flavour accessories in tobacco products enhance attractiveness and appeal

    Understanding the design features of tobacco, nicotine and related products and their possible effects

    Manipulation and marketing strategies used by tobacco and nicotine industries to promote their products

    MIL OSI United Nations News

  • MIL-OSI United Nations: UN Special Envoy for Road Safety in Djibouti and Kenya to support initiatives to increase road safety

    Source: United Nations Economic Commission for Europe

    The United Nations Secretary-General’s Special Envoy for Road Safety, Jean Todt, will visit Djibouti and Kenya from 27 May to 4 June 2025 to support global and national authorities’ road safety initiatives.  

    The Special Envoy will meet members of the Government as well as representatives of the private and public sectors three months after the Declaration of Marrakesh where Member states further committed to accelerate efforts for achieving the Decade of Action for Road Safety‘s goal of halving the number of the victims on the road by 2030.  

    The Silent pandemic on the road  

    The Special Envoy qualified road crashes as “The Silent Pandemic on the Road”. Indeed, every year, the staggering toll of road-related fatalities globally claims the lives of 1.19 million people, leaving 50 million others with severe injuries. Furthermore, road crashes are the leading cause of death for children and young adults aged 5–29 years.   

    “Africa is the continent proportionately most affected by road crashes. Knowing that these affect the youngest first, beyond the human tragedy this is an economic devastation, sacrificing or invalidating for life the active force of a country. While the vaccine to avoid this carnage on the road exists, I urgently call on everyone to use it”, stressed the Special Envoy. 

    The continent loses annually over 300,000 people through road crashes, even though its countries are witnessing the lowest levels of motorization in the world. Africa has a traffic fatality rate of 19.5 deaths per 100,000 people compared to 16 deaths per 100,000 in Southeast Asia, and 6.5 deaths per 100,000 in Europe.   

    38% of fatalities occur among pedestrians while 43 percent occur among car occupants. Motorized 2-3 wheelers and cyclists account for 7% and 5% of Africa’s traffic deaths respectively. A significant proportion of road fatalities on the continent occur in urban areas.  Furthermore, the ongoing improvement of the quality and coverage of Africa’s roads is likely to increase crashes if it is not accompanied by appropriate road safety measures.   

    Towards enhanced road safety in Djibouti 

    The fatality rate in Djibouti is 23/100,000 inhabitants (WHO 2023). Road safety remains a critical public health and development challenge. As part of his ongoing global advocacy, the Special Envoy will engage national authorities and partners in strengthening road safety efforts. 

    During the mission, Mr. Todt will meet with senior government officials to encourage the implementation of effective road safety legislation, improved enforcement, safer infrastructure, and better post-crash care. Discussions will also focus on the importance of data collection, education campaigns—particularly in schools—and the protection of vulnerable road users such as pedestrians, motorcyclists, and children.  

    Safer roads for economic growth in Kenya   

    The fatality rate in Kenya is estimated at 27.8 per 100,000 inhabitants (WHO, 2023), among the highest in Africa. Despite progress in policy and institutional frameworks, road traffic injuries remain a major public health concern, particularly affecting pedestrians, motorcyclists, and passengers. Kenya’s expanding road network is often challenged by infrastructure gaps, poor road user behavior, and limited enforcement capacity, especially outside major urban centers. 

    According to the National Transport and Safety Authority (NTSA), over 4,000 people lost their lives on Kenyan roads in 2023. Motorcycles—commonly used for short-distance transport (boda-bodas)—are involved in a significant share of crashes, with helmet non-use and overloading being frequent risk factors. This is especially concerning when we know that quality helmets reduce the risk of death by over six times and brain injury by up to 74% (WHO, 2023). 

    Since the last visit by the Special Envoy in 2024, UN Kenya has moved towards more concerted action on road safety. Going forward, UN Kenya will target particular blackspots for accidents and explore how to mobilize road safety ambassadors and Kenyan celebrities in sports to drive awareness on road safety in Kenya.   

    Photo credit: Adobe Stock Images by Eunika Sopotnicka 

    MIL OSI United Nations News

  • MIL-OSI Africa: Young men on South Africa’s urban margins: new book follows their lives over 10 years

    Source: The Conversation – Africa – By Hannah J. Dawson, Senior Lecturer, Anthropology and Development Studies, University of Johannesburg

    South Africa’s young people, aged 15 to 34, who make up more than 50% of the country’s working age population, bear a disproportionate burden of unemployment. They have done so for more than a decade. Of this group, those aged 15-24 face the highest barriers to the job market, according to data from Statistics South Africa. The majority of these young people live in the townships and informal settlements.

    A new book, Making a Life: Young Men on Johannesburg’s Urban Margins, examines how young people in Zandspruit, an informal settlement on the outskirts of Johannesburg, make a life. Anthropologist Hannah Dawson explains why she chose Zandspruit for her research and shares her findings about the sociopolitical landscape of urban settlements.

    Why the choice of Zandspruit for your research?

    It started with my arrival there in 2011 to study a wave of political protests during local elections. This sparked a much longer research journey spanning more than a decade, which this book traces.

    The settlement was established in the early 1990s and has grown into a densely populated area of around 50,000 people, across 14 pieces of land.

    The expansion of Zandspruit reflects broader trends in post-apartheid South Africa: rapid urbanisation, inadequate urban housing, rising unemployment and underemployment — including a shift from permanent to casual work, and from formal to informal employment.

    What sets Zandspruit apart is its location. It is near post-apartheid economic hubs such as Kya Sands, with its light industries and business parks, and Lanseria Airport, a growing freight and logistics hub earmarked for expansion under the Greater Lanseria Masterplan. It also borders affluent suburbs and golf estates. This makes it distinct from older, more isolated settlements in Johannesburg’s south. Its proximity to shopping malls, townhouse complexes, warehouses and commercial zones makes it a destination of choice for migrants. They include people seeking a foothold in the urban market from rural areas of South Africa as well as people from other parts of the African continent.

    This proximity makes Zandspruit a case study for understanding how residents access urban job markets, and the connections between wage and non-wage economic activities.

    What do your findings tell us about the lives of young people?

    The book draws on research primarily with young men, whose work and lives I followed over ten years. It shows how young men on the urban margins navigate structural unemployment and inequality by forging social ties, asserting belonging, and pursuing alternative livelihoods within what I call Zandspruit’s “redistributive economy”. I use the phrase “making a life” to move beyond survival or income generation. A life is not only about securing food and shelter. It involves the pursuit of social connection, identity, place and dignity.

    For many of the young men I came to know, this often involved turning down demeaning jobs in favour of self-initiated income strategies that offered greater autonomy. These included renting out shacks, running internet cafes or car washes, or operating as mashonisas (unregistered loan sharks). Such efforts reflect more than personal resilience – they reveal how men’s social position and connections within the settlement shape access to the more lucrative niches of the local economy.

    These dynamics point to a broader condition facing young people in South Africa: deep and persistent material insecurity. Yet, they also show the ways in which young people, especially young men, are actively building lives in the face of profound uncertainty. They are crafting meaning and striving for something more in a context marked by chronic unemployment and inequality.

    What did you learn about urban inequality and living on the urban margins?

    The residents of Zandspruit are not equally poor or marginalised. A focus of the book is the division between “insiders” – long-term residents with access to property who earn rental income – and “outsiders” – new arrivals and immigrants who, as tenants, are more dependent on low-paid jobs. These distinctions shape access to land, housing, livelihoods and local recognition.

    Most immigrants form a precarious tenant class, while landlords tend to be established residents with long-standing ties to the settlement. Zandspruit is a deeply stratified space where social connections, property access and local citizenship determine who belongs and who benefits. By tracing men’s positions as insiders or outsiders, the book shows how these inequalities shape their economic strategies and capacity to build a life on the urban margins.

    What do you recommend in terms of public policy?

    The book doesn’t make policy recommendations. However, it speaks to key public and policy debates. Media and policy narratives often portray unemployed youth as idle and disconnected from society, ignoring the complex, often invisible, economic activities and arrangements that structure their lives. While informal and unstable, these pursuits reflect resourcefulness, local knowledge, and a conscious rejection of degrading labour.

    It challenges the idea that informal entrepreneurship can solve youth unemployment. Most enterprises are too precarious to lift young people out of poverty. It also questions the notion that informal settlements are simply ghettos of exclusion and poverty. Instead, it highlights the inequalities within the settlement and calls for greater attention to be paid to the local economies and social orders being forged within these spaces. Understanding these dynamics is crucial to rethinking how we respond to unemployment, the urban housing crisis and inequality in South Africa.

    – Young men on South Africa’s urban margins: new book follows their lives over 10 years
    – https://theconversation.com/young-men-on-south-africas-urban-margins-new-book-follows-their-lives-over-10-years-257026

    MIL OSI Africa

  • MIL-OSI USA: Washington Post: Scalise Leads Outside the Glare of the House Speakership

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Last week, Washington Post’s Paul Kane profiled House Majority Leader Steve Scalise’s (R-La.) critical leadership in the passage of the One Big Beautiful Bill Act, and examined his role as the most tenured member of Congressional leadership. To see highlights of the piece, see below. To read the full article, click here.

    Washington Post: Scalise Leads Outside the Glare of the House Speakership
    The House majority leader, having come back from a shooting and a cancer bout, has shifted into the role of GOP elder statesman after having once sought the chamber’s top job.May 24, 2025By Paul Kane
    When House Majority Leader Steve Scalise looks around the leadership table these days, he realizes no one else played even a small role in the last big GOP tax-cut bill in 2017.“Everybody else is new. It’s amazing when you think about how much turnover there’s been,” the Louisiana Republican said.Scalise serves as the leader tasked with educating the relative newcomers about mistakes of the past while trying to push their sweeping conservative agenda across the legislative finish line.Scalise, 59, has found something close to political solace, effectively, as the COO for the House implementing day-to-day tasks, with House Speaker Mike Johnson (R-Louisiana) in the CEO role managing relationships with the Senate, President Donald Trump and key party holdouts on big votes.That paid off early Thursday when, despite the smallest majority in almost 100 years, House Republicans narrowly passed the massive tax-and-border-security package with not a single vote to spare.When the gavel fell, Scalise gave a high-five to House Majority Whip Tom Emmer (R-Minnesota) before embracing him. Behind them, the three chiefs of staff for Johnson, Scalise and Emmer all jumped into one another’s arms in a group bear hug.“It shows you how much better things are,” Scalise said in an interview Thursday.Less than two years ago, all three were engaged in a leadership game of musical chairs, following the far-right flank’s decision to eject Kevin McCarthy (R-California) from the top job.…Making matters worse, Scalise had just been diagnosed with multiple myeloma blood cancer, which included some intensive and debilitating treatments while also fueling rumors pushed by his internal foes. That followed the 2017 shooting at a congressional baseball practice in which Scalise was within minutes of dying.“There were people trying to spread a rumor that I had six months to go, and obviously that wasn’t true. And a lot of those other things were disgustingly false, deliberate lies. But look, this is a rough-and-tumble business. I have no qualms about that,” Scalise said in a 45-minute interview Tuesday in his third-floor Capitol suite, looking out onto the National Mall, one of two interviews we had for this column.…Rather than sulking away from politics, Scalise hunkered down and fashioned a strong relationship with his fellow Louisianan, whom he’s known for decades.He’s now the elder statesman of an incredibly green leadership team. During the 2017 effort to pass President Donald Trump’s first-term tax cut plan, Johnson was just months into his congressional service and Emmer was starting his second term. Rep. Lisa C. McClain (R-Michigan), now the No. 4 GOP leader, was working in the financial services industry.Having won his first election in 2007, Scalise knows what life was like before Trump consumed Republican politics. He’s one of fewer than 25 GOP members, out of 220, who served during George W. Bush’s presidency.Scalise was first elected to a top leadership post in 2014, as whip, which put him in charge during Trump’s first term of marshaling support for the effort to repeal the Affordable Care Act and pass the Tax Cuts and Jobs Act of 2017.He spent a lot of time early this year reminding everyone how difficult those lifts were. The Senate failed on its ACA repeal vote in July 2017 and then kept fiddling on the issue into the fall, and the House didn’t fully engage on the tax plan until the fall, passing the budget resolution in late October despite the opposition of 20 Republicans from wealthy states that opposed its handling of local-tax deductions.The final vote on the nearly $2 trillion tax cut did not come until five days before Christmas 2017.“We had a rocky start in 2017, and it really threw us off a few months. We literally burned the first few months of that supermajority not having a sync between Congress and President Trump,” Scalise recalled Tuesday.Back then, House Republicans had more than 240 members, a luxury compared with today’s tally of 220, with Johnson able to spare just three votes from his side of the aisle to pass legislation with no Democratic support.So Scalise fought hard against Republicans, particularly in the Senate, when they wanted to divide up Trump’s agenda into two bills that would use the parliamentary fast track known as reconciliation, allowing some budget measures to pass without clearing the Senate’s filibuster hurdle.House Republicans have been so bitterly divided that at times they struggle to execute the most basic tasks, so it made no sense to bet on them passing two major bills with no margin for error.Scalise believes that pushing the tax agenda faster will deliver benefits faster to voters — something Republicans failed at eight years ago because Trump’s approval ratings on the economy did not soar until well after the 2018 midterm elections.“We never really got the economic benefits because it takes months for those economic benefits to kick in. By the time you get to the midterms, you really didn’t have the full bounce from the positive things that did happen,” he said.This time around, financial markets have had a different reaction, panicked by how the massive legislation will add trillions to the swelling federal debt.But Republicans have convinced themselves it will give an economic boost regardless. So Scalise visited Trump a year ago and began planning with committee chairmen about how to push through an agenda as quickly as possible if the GOP swept control of Congress.“Let’s be ready for the moment,” he told Trump.Close friends feel that Scalise is finally really comfortable and delivering results, after an almost biblical run of surviving the shooting, fighting McCarthy and others in internal feuds, and battling blood cancer.“We can’t minimize the speaker’s role, we can’t minimize the whip’s role. But Steve Scalise is running on all cylinders in a big way,” said Rep. Mario Diaz-Balart (R-Florida), a 22-year veteran and unofficial lieutenant on Team Scalise.…Scalise said that he is in remission and that he goes through a battery of tests monthly. Sometimes he still crosses a partisan line that doesn’t fit his otherwise backslapping nature, as happened during a fiery, almost 20-minute speech just after 5 a.m. Thursday.Scalise accused Democrats of saying “President Biden’s health is just fine,” a couple of days after the former president’s prostate cancer diagnosis.It was a more partisan jab, coming from someone who’s also battling cancer, than Scalise’s natural posture.When Pelosi delivered her farewell speech from leadership, in November 2022, Scalise was the only member of the GOP leadership to attend. He said that he loves the institution and was there out of respect, particularly after she had been so nice to him after the 2017 shooting.Scalise blames “small numbers on both sides” who use a burn-it-all-down approach to toxify the image of Congress.“It doesn’t take many people to do it. And that helps beat the institution down,” he said.Scalise has been beat down more than most lawmakers, and he has the scars — real and emotional — to show for it.But he keeps forging ahead.Next month, at the annual Congressional Baseball Game, Scalise will again take the field at Nationals Park, where lawmakers gathered in a massive, bipartisan prayer the day after the 2017 shooting.He expects to occupy the one spot in the baseball lineup that he has yet to secure inside the Capitol.Scalise bats leadoff for the Republican team.

    MIL OSI USA News

  • MIL-OSI USA: Scalise: House Republicans Delivered on Reconciliation for Hardworking Americans

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C.—Today, House Majority Leader Steve Scalise (R-La.) joined Speaker Mike Johnson (R-La.), House Majority Whip Tom Emmer (R-Minn.), Conference Chairwoman Lisa McClain (R-Mich.), and House Republican Committee Chairmen to celebrate Republicans passing the One, Big, Beautiful reconciliation bill, with the hard work of 11 House Committees, in order to secure major wins for deserving families. Despite Democrat opposition, Leader Scalise described how this bill begins the process of reversing course on the Biden Administration’s failed policies by securing the border, rooting out waste, fraud, and abuse, unleashing American energy, preventing tax hikes, and bolstering the economy. 

    Click here or the image above to view Leader Scalise’s full remarks. 
    On House Republicans fighting for deserving families:“As the Speaker said, it truly is morning in America again. When you think about all of the work that’s gone into putting this bill together, it’s one big, beautiful bill for a lot of reasons.There are a lot of really important wins for the American people in this bill. We had 11 committees come together and meet in hearings, some went on over 24 hours. Rules Committee went over 20 hours. You had, of course, the Budget Committee. Chairman Arrington is the lead author of the bill. All of the people that had to come together in our conference, and I think a lot of you know, we don’t all think alike. Democrats made it very clear they didn’t want to have any part in helping get America back on track again. But we were never deterred. When this bill could have failed 10 times over, we said we were going to get this done, and failure is not an option, and we meant it. “We knew we were fighting for the families who have been struggling for way too long under the failed policies of Joe Biden and all the Democrats who did have control of Washington for too long. We watched higher interest rates and higher inflation and lower wages, and a demise of the American dream that we knew should not be permanent, but was only going to turn around if we passed a bill to get America back on track. We knew we had to prevent a massive tax increase, so we put it in the bill. We knew we needed to secure America’s border as President Trump ran on all across this country and won the election on, and we put it in this bill. We ran on and said we would produce more American energy, and we put it in this bill. All the things that we knew we needed to do to root out waste, fraud, and abuse in government. Focus on those families who are struggling. All of that is in this one big, beautiful bill.”On reconciliation’s next step in the Senate:“Yes, now the House has come together and passed this bill against all odds, but we’re still working on the rest of the process. Still goes to the Senate. Senate has a lot of work to do, too. That’s why we’ve been talking to the Senate for a long time. But it’s their turn to take this bill and move forward.”On strong GOP leadership under President Trump:“But I’ll tell you, none of this would be possible without the leadership of President Trump, who every step of the way, not only laid out the vision, ran a campaign on this vision, but every step of the way, too, said, ‘Whatever you need, let me know.’  And he was there to help us. Our great Speaker, Mike Johnson, who was never deterred, probably hasn’t slept in a few days, but never wavered in his commitment to get this done. And this whole team has come together.”

    MIL OSI USA News

  • MIL-OSI USA: Scalise Celebrates Passage of One Big Beautiful Bill Act

    Source: United States House of Representatives – Congressman Steve Scalise (1st District of Louisiana)

    WASHINGTON, D.C. — Today, House Majority Leader Steve Scalise (R-La.) issued the following statement after the House passed H.R. 1, the One Big Beautiful Bill Act: “Last November, the American people gave us a mandate to end the years of bloated Biden government that led to the worst inflation in decades, a wide-open southern border, and a dangerous assault on American energy. With this One Big, Beautiful Bill, House Republicans are answering that mandate and implementing President Trump’s America First agenda, delivering on our promises and providing relief to American families who’ve been struggling for too long. “President Trump’s One Big, Beautiful Bill prevents the largest tax hike on American families and businesses in history, reestablishes American energy dominance through unleashing domestic production, secures the southern border and delivers much needed resources to carry out the President’s immigration agenda, restores Peace through Strength, spurs economic growth and new investments, and secures historic spending reductions while protecting essential programs.  “A vote against this historic legislation is a vote for huge tax increases, inflation, open borders, energy dependence, fewer jobs, and less money in your pocket. If this legislation does not become law, the average taxpayer will see a 22 percent tax hike, the Child Tax Credit will be cut in half for 40 million families, guaranteed deduction will be slashed in half for 91 percent of taxpayers, and 26 million small businesses will experience a massive tax increase. With passage of this bill, the average American family will save $1,700 – the equivalent of nine weeks of groceries – increasing real annual take-home pay for a median-income household with two children by $4,000-$5,000. “House Republicans started preparing for budget reconciliation with President Trump over a year ago, and I’m incredibly grateful to the President, our Committee Chairs, House leadership team, and all of our dedicated Republican members for the months of late nights and hard work that got us to this moment. This Big, Beautiful Bill is a huge win for all Americans, and I urge the Senate to pass it as quickly as possible so we can get it to President Trump’s desk and start delivering the relief Americans have been waiting for.” 

    MIL OSI USA News

  • India working towards becoming food bank of the world: Shivraj Singh

    Source: Government of India

    Source: Government of India (4)

    India is working towards becoming the “food bank of the world” under the leadership of Prime Minister Narendra Modi, Union Agriculture Minister Shivraj Singh Chouhan said on Thursday.

    He was speaking at the launch of the Viksit Krishi Sankalp Abhiyan at the Odisha University of Agriculture and Technology (OUAT) in Bhubaneswar.

    The nationwide campaign, launched by the Ministry of Agriculture and Farmers Welfare in collaboration with the Indian Council of Agricultural Research (ICAR), will run from May 29 to June 12. As part of the initiative, agricultural scientists will visit villages across over 700 districts to engage with farmers and offer scientific advice aimed at transforming agriculture and securing India’s food future.

    “The farmers of India are not just Annadata (food providers), they are Jeevandata (life providers). Our goal is to empower them to feed not only 145 crore Indians but also export food grains and vegetables across the globe,” said Chouhan. He emphasized that the government is committed to making India self-reliant in agriculture through innovation, technology, and grassroots participation.

    Chouhan highlighted that government schemes like the Pradhan Mantri Fasal Bima Yojana have been launched to provide compensation for crops affected by climate change. The central government is also providing an interest subsidy up to 4 per cent on agricultural loans through Kisan Credit Cards.

    The Union Minister will travel across 20 states during the 15-day campaign to mobilize support and engagement. He also urged farmers in Odisha to actively participate in the initiative, noting that over 16,000 agricultural scientists are being connected with farmers as part of the campaign.

    Odisha Chief Minister Mohan Charan Majhi expressed pride that the campaign is being launched from the state.

    Also present at the event were Odisha Deputy Chief Minister and Agriculture Minister Kanak Vardhan Singh Deo, senior agriculture department officials, and leading agricultural scientists.

  • MIL-OSI Russia: Presentation of the book “Xi Jinping on public administration” in Kazakh language held in Astana

    Translation. Region: Russian Federal

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

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

    ASTANA, May 30 (Xinhua) — A presentation of the Kazakh version of the four-volume collection “Xi Jinping on Public Administration” was held in the capital of Kazakhstan, Astana, on Thursday.

    China is a reliable strategic partner for Kazakhstan. Friendly exchanges and a high level of trust between the leaders of the two countries have given a powerful impetus to the development of bilateral relations, noted Aida Balayeva, Minister of Culture and Information of Kazakhstan, in her speech. Rich in content, profound in meaning and practical in significance, the book “Xi Jinping on Public Administration” is an important work that will help readers in Kazakhstan better understand China.

    The participants of the event noted that this book is an important work of the President of the People’s Republic of China Xi Jinping, which embodies his profound reflections on the issues of Chinese governance and global governance and opens a “window of ideas” for the international community to understand China. The publication and distribution of the Kazakh version of the book is a new important achievement of cooperation between the publishing and translation circles of China and Kazakhstan, as well as a clear evidence of the exchange of experience between the two countries and mutual learning in the field of governance, which will certainly contribute to mutual understanding and closeness between the two peoples and give a new powerful impetus to the construction of a Chinese-Kazakh community with a common future.

    According to the event organizers, since the 18th National Congress of the Communist Party of China (CPC), under the strong leadership of Chairman Xi Jinping, the CPC has united and led the Chinese people, successfully promoted and expanded Chinese-style modernization, and achieved remarkable achievements in development. China and Kazakhstan are fellow travelers on this path of modernization. After reading the Chinese leader’s book, friends from all walks of life in Kazakhstan will be able to gain useful experience in independently mastering the development path according to their national conditions. The Belt and Road Initiative proposed by China is a great undertaking that brings together the consensus and cooperation of the international community, and all participating countries will benefit from it. This event will serve as an opportunity to implement the important consensus reached by the leaders of China and Kazakhstan, further deepen exchanges and cooperation between the two countries in poverty alleviation and reduction, green development and the search for a path of modernization, so as to inject more positive energy into the peace, stability and development of the region and the world.

    At the presentation ceremony, Chinese and Kazakh guests jointly presented the four-volume collection “Xi Jinping on Public Administration” in the Kazakh language, China presented new books to the Kazakh side, and experts and scholars from the two countries exchanged views on the experience of China and Kazakhstan in public administration.

    The event was organized by the Information Office of the State Council of the People’s Republic of China, the National Affairs Committee of the People’s Republic of China, the Embassy of the People’s Republic of China in Kazakhstan, the Office of the People’s Republic of China for Publication and Distribution of Literature in Foreign Languages, and the Ministry of Culture and Information of Kazakhstan, and was implemented by the Nationalities Publishing House of China, the Foliant Publishing House of the Republic of Kazakhstan, the Eurasian Center of the Office of the People’s Republic of China for Publication and Distribution of Literature in Foreign Languages, and the Kazakhstan branch of Beijing Language and Culture University. The event was attended by about 300 representatives of political parties, media, think tanks, and universities of China and Kazakhstan.

    The Kazakh edition of the book “Xi Jinping on Public Administration” was translated and published by the “Nationalities Publishing House” of China and the “Foliant” Publishing House of the Republic of Kazakhstan. To date, the book has been translated and published in 42 languages. –0–

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Speech by SJ at Global Forum on International Mediation (English only)

    Source: Hong Kong Government special administrative region

         Following are the welcoming remarks by the Secretary for Justice, Mr Paul Lam, SC, at the Global Forum on International Mediation today (May 30):
     
    Your Excellencies, distinguished guests, ladies and gentlemen,
     
         It is with great pleasure that I welcome you all to the inaugural Global Forum on International Mediation.
     
         This morning, altogether 32 state parties including China signed the Convention on the Establishment of the International Organization for Mediation. This is undoubtedly a historic event since the International Organization for Mediation (IOMed) will be the first international intergovernmental organisation devoted to the use of mediation in resolving international disputes. We all hope that the Convention will enter into force as soon as practicable.
     
         While the Convention has already set out the framework and the essential terms concerning the operation of the IOMed, the state parties would need to consider and agree on further details to ensure the smooth operation of the Convention. To ensure and attract more state parties’ support and participation, it is also necessary to raise people’s awareness of mediation as a means of resolving international disputes and to enhance the capacity to use it in practice. In these circumstances, it is most pertinent to hold this Global Forum on International Mediation immediately after the signing ceremony of the Convention.
     
         The IOMed will provide mediation services for the settlement of the following three types of international disputes: disputes between states, disputes between a state and a national of another state and international commercial disputes between private entities. This afternoon, we are extremely honoured and privileged to have a distinguished panel of moderators and speakers, who will share their views in two panels: the first one will focus on mediation of disputes among states, whereas the second session will focus on mediation of international investment and commercial disputes. Our distinguished moderators and speakers consist of leaders or former leaders of state parties, as well as from international organisations and multilateral development banks; and also experts and other key stakeholders in international mediation.
     
         To set the scene, I would like to highlight the significance of mediation in resolving international disputes and the important role that Hong Kong will play in the operation of the IOMed.
     
         Put simply, mediation is a process whereby the parties in dispute attempt to reach a mutually acceptable and amicable settlement of their dispute on a voluntary basis with the assistance of a third party who may facilitate a solution between the parties to the dispute but without the power to impose it upon the parties. As compared to traditional means of resolving international disputes such as litigation or arbitration, mediation is clearly more forward-looking, constructive and conducive to repairing the relationship between the two sides.
     
         It is well-known that peaceful settlement of international disputes is one of the most fundamental principles of international law and international relations. The use of mediation as a means to settle international disputes peacefully is expressly mentioned in Article 33 of the Charter of the United Nations, and also the Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the Charter of the United Nations passed by the United Nations General Assembly in 1970.
     
         The United Nations General Assembly has passed altogether four resolutions on “Strengthening the role of mediation in the peaceful settlement of disputes, conflict prevention and resolution” on June 22, 2011, September 13, 2012, July 31, 2014, and September 9, 2016, respectively. In the most recent one dated September 9, 2016, the UN General Assembly recognised mediation as an efficient and cost-effective tool in the peaceful settlement of disputes, conflict prevention and resolution, and welcomed its increased use. It acknowledged the importance of mediation in the peaceful settlement of disputes, conflict prevention and resolution and in seeking long-term political solutions for sustaining peace, and recognised that mediation needs to be further and more effectively used.
     
         On the other hand, the role of mediation in resolving international commercial and investment disputes between a state and a foreign national or between private entities from different countries is also well acknowledged and recognised. As early as 1980, the United Nations Commission on International Trade Law (UNCITRAL) developed and adopted the UNCITRAL Mediation Rules, which were subsequently revised in 2021. And more recently, in 2024, UNCITRAL published the Guidelines on Mediation for International Investment Disputes. The United Nations Convention on International Settlement Agreements Resulting from Mediation, which entered into force in September 2020, offered another example of international efforts in promoting mediation.
     
         While mediation may be conducted on an ad hoc basis, there are clear advantages to conducting mediation with institutional supports. Institutional supports may include, for example, guidance on procedural aspects; assistance in communicating with the other party; identification of a pool of mediators and assistance in their selection and appointment; assistance in the logistic aspects of mediation including the organisation of in-person and remote meetings; as well as providing for data protection and cybersecurity measures.
     
         In the circumstances, in order to promote and facilitate the use of mediation to resolve international disputes, it is most desirable to have an intergovernmental organisation devoted to the use of mediation to resolve international disputes. The establishment of the IOMed has filled a glaring omission in the past international dispute resolution system. The Organization will complement the other two intergovernmental organisations specialising in international dispute resolution, namely, the International Court of Justice and the Permanent Court of Arbitration.
     
         The headquarters of the IOMed will be crucial to the implementation of the Convention. It represents the physical presence of the institution, and provides the platform to provide various mediation services. I am extremely grateful that the state parties to the Convention have agreed to establish the headquarters of the IOMed here in Hong Kong, which is a strong vote of confidence in Hong Kong. I would respectfully submit that Hong Kong is indeed an ideal place to host the headquarters of the IOMed.
     
         Hong Kong is a special administrative region of China, which has taken the lead in the establishment of the IOMed. Under the principle of “one country, two systems”, Hong Kong enjoys numerous unique advantages, which put it in the best position to serve as the headquarters of the IOMed. As President Xi Jinping said on December 20, 2024, in Macao at the ceremony celebrating the 25th anniversary of China’s resumption of sovereignty over Macao, the principle of “one country, two systems” embodies the fundamental values of peace, openness, harmony and sharing. These are also the intrinsic values behind the Convention.
     
    Hong Kong is a well-known world-class international financial, trading and shipping centre. Its geographical location, well-developed transportation services and liberal immigration policy ensure that people from around the world may and can come here easily. Hong Kong is also one of the safest and most friendly cities in the world. We offer diversified services in different aspects to suit the needs of people speaking different languages coming from different cultures, religions and countries.
     
         But most importantly in the present context, under the principle of “one country, two systems”, Hong Kong is the only common law jurisdiction in China, and the only bilingual common law jurisdiction using both Chinese and English in the world. We have a strong pool of legal professionals coming from different jurisdictions who specialise and are experienced in international dispute resolutions. The legal system of, and the legal services provided by, Hong Kong are highly international, reputable and efficient. It is undoubtedly an international legal services and dispute resolution services centre.
     
         Hong Kong has been a keen supporter of mediation. The HKSAR Government has formulated a comprehensive set of policy initiatives, which aim at deepening the mediation culture in Hong Kong. For example, the Policy Statement on the Incorporation of Mediation Clauses in Government Contracts was issued in November 2024. As a matter of general policy, the Government will incorporate a mediation clause in all government contracts. By taking the lead, it is hoped that private entities would be encouraged to include mediation clauses in their contracts, thereby deepening our “mediate first” culture.
     
         Turning to capacity building regarding international mediation, since 2018, the Department of Justice has been co-organising with reputable international organisations, almost on a yearly basis, Investment Law and Investor-State Mediator Training in Hong Kong. The Hong Kong International Legal Talents Training Academy under the Department of Justice was set up in November 2024, which may collaborate with the IOMed in organising capacity building programmes on international mediation in future.
     
         Hong Kong is also continuously seeking to foster legal co-operation with other jurisdictions. It is our honour that, in a moment, the Department of Justice of the HKSAR Government will sign a Memorandum of Co-operation with Cambodia.
     
         On this very happy and positive note, I would like to conclude by wishing you all a very fruitful and constructive Forum this afternoon. Thank you very much.
     

    MIL OSI Asia Pacific News

  • MIL-OSI: UP Fintech Holding Limited Reports Unaudited First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 30, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The macro environment remained dynamic in the first quarter, our total revenues reached US$122.6 million, representing an increase of 55.3% year-over-year. Benefiting from our brand strength and continued investment in R&D, both our GAAP and non-GAAP net income saw impressive growth. Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Non-GAAP net income attributable to ordinary shareholders of UP Fintech reached US$36.0 million, an increase of 18.3% sequentially and 145.0% from the same period last year.

    In the first quarter, we added 60,900 new customers with deposits, already achieving 40% of our yearly guidance of 150,000 new customers with deposits for 2025, and bringing our total number of customers with deposits at the end of the first quarter to 1,152,900, a 23.5% increase compared to the same quarter last year. Asset inflow remained strong, we saw net asset inflow of US$3.4 billion in the first quarter, of which the majority comes from retail users, combining with a US$776 million mark to market gain, led total account balance rose by 9.9% quarter over quarter and 39.5% year over year to US$45.9 billion, setting another historic high. We also achieved notable growth in Hong Kong, the average net asset inflows of new funded clients in Hong Kong during the first quarter were above US$30,000.

    In the first quarter, we continued to roll out new features aimed at enhancing the user experience across our platform. In Hong Kong, we introduced additional functionality on top of its existing virtual asset trading service. Retail investors can now deposit and withdraw cryptocurrency, such as Bitcoin and Ethereum, while professional investors are also able to deposit and withdraw USDT. Additionally, Tiger Brokers Hong Kong recently launched Delivery Versus Payment (DVP) functionality, which strengthens our ability to serve institutional and high-net-worth clients. We also introduced equity repo services to further enhance our securities lending and treasury management capabilities. In addition, we remain committed to improving our Tiger AI offering based on user feedback. It now supports portfolio and watchlist analysis, allowing users to more effectively identify investment opportunities, receive risk alerts on their holdings, and access actionable strategy suggestions.

    In our Corporate business, we underwrote 4 Hong Kong IPOs in the first quarter, including “Chifeng Gold” and “Nanshan Aluminum”, and acted as distributor for “Mixue Group”, the largest Hong Kong IPO in the first quarter. In our ESOP business, we added 20 new clients in the first quarter, bringing the total number of ESOP clients served to 633 as of March 31, 2025.”

    Financial Highlights for First Quarter 2025

    • Total revenues were US$122.6 million, an increase of 55.3% year-over-year and a decrease of 1.2% quarter-over-quarter.
    • Total net revenues were US$107.6 million, an increase of 67.7% year-over-year and an increase of 0.2% quarter-over-quarter.
    • Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million compared to a net income of US$12.3 million in the same quarter of last year.
    • Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US$36.0 million, compared to a non-GAAP net income of US$14.7 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.

    Operating Highlights for First Quarter 2025

    • Total account balance increased 39.5% year-over-year to US$45.9 billion.
    • Total margin financing and securities lending balance increased 89.4% year-over-year to US$5.2 billion.
    • Total number of customers with deposit increased 23.5% year-over-year to 1,152,900.

    Selected Operating Data for First Quarter 2025

        As of and for the three months ended
        March 31,     December 31,     March 31,
        2024     2024     2025
    In 000’s                
    Number of customer accounts     2,247.4       2,449.3       2,526.7
    Number of customers with deposits     933.4       1,092.0       1,152.9
    Number of options and futures contracts traded     10,850.3       18,926.3       20,400.7
    In USD millions                
    Trading volume     85,410.6       198,016.9       217,453.6
    Trading volume of stocks     28,606.3       55,502.6       59,453.4
    Total account balance     32,872.1       41,725.2       45,861.9
                           

    First Quarter 2025 Financial Results

    REVENUES

    Total revenues were US$122.6 million, an increase of 55.3% from US$78.9 million in the same quarter of last year.

    Commissions were US$58.3 million, an increase of 109.8% from US$27.8 million in the same quarter of last year, due to an increase in trading volume.

    Financing service fees were US$2.6 million, a decrease of 9.6% from US$2.8 million in the same quarter of last year, primarily due to a decrease of the account balance of our fully disclosed account customers.

    Interest income was US$53.8 million, an increase of 22.7% from US$43.8 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

    Other revenues were US$7.9 million, an increase of 76.8% from US$4.5 million in the same quarter of last year, primarily due to an increase in currency exchange income and wealth management income.

    Interest expense was US$15.0 million, an increase of 1.7% from US$14.8 million in the same quarter of last year, primarily due to the increase in funding for margin financing activities.

    OPERATING COSTS AND EXPENSES

    Total operating costs and expenses were US$67.1 million, an increase of 32.1% from US$50.8 million in the same quarter of last year.

    Execution and clearing expenses were US$5.3 million, an increase of 139.3% from US$2.2 million in the same quarter of last year due to an increase in our trading volume.

    Employee compensation and benefits expenses were US$33.8 million, an increase of 21.7% from US$27.8 million in the same quarter of last year, primarily due to an increase of global headcount to support our global expansion.

    Occupancy, depreciation and amortization expenses were US$2.1 million, a slight increase of 0.2% from US$2.1 million in the same quarter of last year.

    Communication and market data expenses were US$9.8 million, an increase of 14.4% from US$8.6 million in the same quarter of last year due to increased IT-related service fees.

    Marketing and branding expenses were US$10.9 million, an increase of 147.5% from US$4.4 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

    General and administrative expenses were US$5.1 million, a decrease of 9.4% from US$5.7 million in the same quarter of last year due to a decrease in professional service fees.

    NET INCOME attributable to ordinary shareholders of UP Fintech

    Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, as compared to a net income of US$12.3 million in the same quarter of last year. Net income per ADS – diluted was US$0.166, as compared to a net income per ADS – diluted of US$0.077 in the same quarter of last year.

    Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation, was US$36.0 million, as compared to a US$14.7 million non-GAAP net income attributable to ordinary shareholders of UP Fintech in the same quarter of last year. Non-GAAP net income per ADS – diluted was US$0.198 as compared to a non-GAAP net income per ADS – diluted of US$0.092 in the same quarter of last year.

    For the first quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 184,472,928. As of March 31, 2025, the Company had a total of 2,649,914,037 Class A and B ordinary shares outstanding, or the equivalent of 176,660,936 ADSs.

    CERTAIN OTHER FINANCIAL ITEMS

    As of March 31, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US$406.4 million, compared to US$396 million as of December 31, 2024.

    As of March 31, 2025, the allowance for doubtful accounts on receivables from customers was US$14.8 million compared to US$15.3 million as of December 31, 2024.

    In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”). ASU 2023-08 requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the statement of operations each reporting period.

    The Company adopted this guidance from January 1, 2025, and the Company recorded such crypto asset balance in Crypto assets held as of March 31, 2025, with a cumulative-effect adjustment of US$2.3 million to the opening balance of Retained earnings.

    Updates to Management and Directors

    Mr. Ming Liao departed from the position of Independent Director at the Company due to personal reasons, effective May 28, 2025. Mr. Liao’s departure was not the result from any disagreement with the Company.

    Conference Call Information:

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link:
    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of “UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

    Use of Non-GAAP Financial Measures

    In evaluating our business, we consider and use non-GAAP net income attributable to ordinary shareholders of UP Fintech and non-GAAP net income per ADS – diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net income attributable to ordinary shareholders of UP Fintech as net income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net income per ADS – diluted is non-GAAP net income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

    We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance.

    These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

    These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the cooperation relationships with our business partners and shareholders such as Interactive Brokers LLC and Xiaomi Corporation and its affiliates; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact

    UP Fintech Holding Limited

    Email: ir@itiger.com

    UP FINTECH HOLDING LIMITED
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in U.S. dollars (“US$”))
     
        As of
    December 31,
        As of
    March 31,
     
        2024     2025  
        US$     US$  
    Assets:            
    Cash and cash equivalents     393,576,874       403,891,218  
    Cash-segregated for regulatory purpose     2,464,683,625       2,849,477,420  
    Term deposits     1,075,260       1,101,083  
    Receivables from customers (net of allowance of US$15,284,002 and US$14,790,668 as of December 31, 2024 and March 31, 2025)     1,052,972,649       1,221,616,295  
    Receivables from brokers, dealers, and clearing organizations     2,305,740,507       2,556,498,087  
    Financial instruments held, at fair value     75,547,082       177,479,943  
    Prepaid expenses and other current assets     17,629,819       19,529,054  
    Amounts due from related parties     16,720,671       13,821,867  
    Total current assets     6,327,946,487       7,243,414,967  
    Non-current assets:            
    Long-term deposits     1,369,994       1,378,037  
    Right-of-use assets     10,880,673       12,736,333  
    Property, equipment and intangible assets, net     15,358,528       15,750,823  
    Crypto assets held           3,410,986  
    Goodwill     2,492,668       2,492,668  
    Long-term investments     7,658,809       7,473,531  
    Equity method investment     10,203,622       10,305,433  
    Other non-current assets     6,828,553       8,623,671  
    Deferred tax assets     8,573,135       9,931,234  
    Total non-current assets     63,365,982       72,102,716  
    Total assets     6,391,312,469       7,315,517,683  
    Current liabilities:            
    Payables to customers     3,574,651,125       4,333,279,026  
    Payables to brokers, dealers and clearing organizations:     1,914,769,701       1,975,967,952  
    Accrued expenses and other current liabilities     67,263,254       75,891,783  
    Lease liabilities-current     4,153,928       4,845,376  
    Amounts due to related parties     874,331       53,588,763  
    Total current liabilities     5,561,712,339       6,443,572,900  
    Convertible bonds     159,505,397       160,158,584  
    Lease liabilities- non-current     5,902,323       6,992,755  
    Deferred tax liabilities     2,068,661       2,161,995  
    Total liabilities     5,729,188,720       6,612,886,234  
    Mezzanine equity            
    Redeemable non-controlling interest     7,177,668       5,518,571  
    Total Mezzanine equity     7,177,668       5,518,571  
    Shareholders’ equity:            
    Class A ordinary shares     25,427       25,523  
    Class B ordinary shares     976       976  
    Additional paid-in capital     619,030,730       624,497,561  
    Statutory reserve     12,425,463       12,425,463  
    Retained earnings     37,843,547       70,712,884  
    Treasury stock     (2,172,819 )     (2,172,819 )
    Accumulated other comprehensive loss     (11,919,310 )     (8,090,989 )
    Total UP Fintech shareholders’ equity     655,234,014       697,398,599  
    Non-controlling interests     (287,933 )     (285,721 )
    Total equity     654,946,081       697,112,878  
    Total liabilities, mezzanine equity and equity     6,391,312,469       7,315,517,683  
    UP FINTECH HOLDING LIMITED  
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  
    (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)  
       
        For the three months ended  
        March 31,     December 31,     March 31,  
        2024     2024     2025  
        US$     US$     US$  
    Revenues:                  
    Commissions     27,786,218       55,964,174       58,307,151  
    Interest related income                  
    Financing service fees     2,832,065       2,770,419       2,560,432  
    Interest income     43,841,220       55,762,091       53,805,393  
    Other revenues     4,488,989       9,605,165       7,936,987  
    Total revenues     78,948,492       124,101,849       122,609,963  
    Interest expense     (14,789,835 )     (16,731,341 )     (15,041,810 )
    Total Net revenues     64,158,657       107,370,508       107,568,153  
    Operating costs and expenses:                  
    Execution and clearing     (2,230,863 )     (6,095,132 )     (5,338,917 )
    Employee compensation and benefits     (27,787,218 )     (37,163,110 )     (33,805,808 )
    Occupancy, depreciation and amortization     (2,144,337 )     (2,137,586 )     (2,149,308 )
    Communication and market data     (8,561,482 )     (11,787,814 )     (9,794,869 )
    Marketing and branding     (4,390,987 )     (9,507,918 )     (10,867,048 )
    General and administrative     (5,667,137 )     (6,432,737 )     (5,136,346 )
    Total operating costs and expenses     (50,782,024 )     (73,124,297 )     (67,092,296 )
    Other income (expense):                  
    Others, net     3,615,219       3,469,021       (1,340,064 )
    Income before income tax     16,991,852       37,715,232       39,135,793  
    Income tax expenses     (4,528,297 )     (9,488,084 )     (8,549,158 )
    Net income     12,463,555       28,227,148       30,586,635  
    Less: net (loss) income attributable to non-controlling interests     (17,914 )     12,563       11,527  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Net income attributable to ordinary shareholders of UP Fintech     12,330,147       28,050,257       30,419,125  
    Other comprehensive income (loss), net of tax:                  
    Unrealized gain on available-for-sale investments           343,892        
    Changes in cumulative foreign currency translation adjustment     (4,791,040 )     (17,440,809 )     3,826,640  
    Total Comprehensive income     7,672,515       11,130,231       34,413,275  
    Less: comprehensive (loss) income attributable to non-controlling interests     (13,454 )     24,226       9,845  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Total Comprehensive income attributable to ordinary shareholders of UP Fintech     7,534,647       10,941,677       34,247,447  
    Net income per ordinary share:                  
    Basic     0.005       0.011       0.012  
    Diluted     0.005       0.011       0.011  
    Net income per ADS (1 ADS represents 15 Class A ordinary shares):                  
    Basic     0.079       0.164       0.173  
    Diluted     0.077       0.158       0.166  
    Weighted average number of ordinary shares used in calculating net income per ordinary share:                  
    Basic     2,342,468,897       2,557,911,677       2,634,972,699  
    Diluted     2,452,022,959       2,687,607,158       2,767,093,920  
    Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
    (All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)
     
        For the three months ended March 31,2024     For the three months ended December 31,2024     For the three months ended March 31,2025  
              non-GAAP                 non-GAAP                 non-GAAP        
        GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP  
        US$     US$     US$     US$     US$     US$     US$     US$     US$  
        Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited  
                2,380,637   (1 )               2,421,342   (1 )               5,621,791   (1 )    

    Net income attributable to ordinary shareholders of UP Fintech

        12,330,147       2,380,637       14,710,784       28,050,257       2,421,342       30,471,599       30,419,125       5,621,791       36,040,916  
                                                           
    Net income per ADS – diluted     0.077             0.092       0.158             0.172       0.166             0.198  
    Weighted average number of ADSs used in calculating diluted net income per ADS     163,468,197             163,468,197       179,173,811             179,173,811       184,472,928             184,472,928  

    (1) Share-based compensation.

    The MIL Network

  • MIL-OSI Russia: Growth and Resilience in Central, Eastern, and Southeastern Europe in a More Fragmented World

    Source: IMF – News in Russian

    Opening Remarks by Kristalina Georgieva, IMF Managing Director, at the CESEE High-Level Conference in Dubrovnik, Croatia

    May 30, 2025

    Good morning and a very warm welcome to everyone!

    I would like to begin by thanking Governor Vujčič for the kind invitation. Dear Boris: it is such a pleasure to return to Dubrovnik. Truly, a pearl of the Adriatic!

    Since its first gathering here in 2017, this conference has become an important forum for policymakers to discuss the challenges confronting the region.

    And, as usual, we have much to discuss: the successes, the unfinished business and, now, huge new challenges.

    ***

    First, a few words on the successes.

    Over the last three decades, reforms promoting economic openness and integration—first with the EU, then within the EU—have helped the countries of Central, Eastern and Southeastern Europe achieve a remarkable convergence with the standards of living of their more advanced peers.

    Since the mid-1990s, incomes have more than doubled and the gap relative to the advanced Europe has shrunk sharply.

    Manufacturing became a catalyst for productivity growth as integration into European and global value chains helped CESEE economies reach beyond their domestic markets.

    At the same time, openness to FDI accelerated capital accumulation and technology transfer.

    EU accession played a huge role. Powered by the domestic structural reforms put in place on the path to EU accession countries that joined the EU   accelerated their income convergence with the advanced Europe and outperformed comparable countries outside of the block.

    Thus, it is fair to pause and say: well done.

    ***

    Second, the unfinished business.

    The journey is far from complete. Reforms slowed after EU accession. After the Global Financial Crisis, investment fell significantly and contributed to a productivity slump that has only worsened since Covid.

    Various economic challenges were already calling out for revitalizing reforms. The demand for skilled workers is rising, but labor supply is tightening. High energy costs are hurting manufacturing competitiveness. New technologies in the auto sector—and AI—could alter export value chains.

    So even before the latest global economic developments, there certainly was much more work to do.

    ***

    And now, there are huge new challenges.

    The sweeping disruptions to world trade that are underway are plain for all to see. World trade is being tested. And while most of the CESEE countries are less impacted directly, let us be very clear: the indirect impact is significant as these disruptions pose a major threat to the region’s main trading partners and to the overall economic model of openness that CESEE countries rely on.

    Trade tensions and uncertainty complicate domestic and foreign investment plans. This is particularly painful for a region that needs access to modern production processes, jobs in high-productivity sectors, and export demand.

    ***

    So here is my main message to you today: standing still, taking shelter, and hoping the storm will pass is not a plan. It would be much wiser to assume that many of the shifts we see are here to stay, and to act accordingly.

    So, what should CESEE countries do in order to negotiate this stormy economic weather? How can they catch a tailwind from the “Adriatic Bora” and keep powering forward?

    I would point to three critical priorities:

    • Steering a steady course in terms of macroeconomic policy—monetary and fiscal policies for stability;
    • Getting the ship into better working order so it can sail forward faster—that is, pursue structural policies for growth; and
    • Integrating more deeply into and within the single market of the EU—strength through regional cohesion.

    Let me briefly discuss each of these, in turn.

    Priority one: action to mitigate uncertainty. The best antidote to uncertainty is a stable macroeconomic environment.

    • Central banks must remain agile and focused on achieving their targets. Where inflation is still high and persistent, policymakers should tread cautiously. Clear communication is key. Independence lends credibility and must be protected.
    • Fiscal policy must focus on ensuring sustainability and policy space. Countries with low deficits and debts can use fiscal space to invest in essential areas such as energy security. But in countries where fiscal space is limited, governments need to either reallocate spending or boost fiscal revenues.

    Priority two: take decisive action to boost growth potential. In a new study, we find that domestic reforms across the CESEE region could lift GDP levels by 7 percent over the medium term. The potential goes up to 9 percent for the Western Balkans.

    • Further productivity gains from better education, more efficient labor markets that allow talent to thrive, and cutting red tape are waiting to be tapped. In the Western Balkans and aspiring EU entrants, closing governance gaps with the EU frontier delivers the highest dividend. The case to act decisively is compelling.

    Priority three—last but certainly not least: CESEE countries must ensure they retain the benefits of their economic integration with Europe and the global economy.

    • Integration has been a major source of knowledge transfer and capital deepening, particularly through FDI. As is the case across the EU as a whole, the CESEE region would benefit from further progress in completing the EU’s single market.
    • Our analysis shows that internal barriers add significant costs — for goods they are equal to 44 percent tariffs, and for services to a staggering 110 percent! Completing the single market can be a major factor in strengthening the performance of the EU economy and improving its attractiveness for investment.
    • In a forthcoming working paper on Europe’s reform priorities, we outline several concrete steps: a more integrated electricity market; more capital for startups; better labor mobility across borders; and simpler regulations. Together, these measures could raise EU GDP by about 3 percent over the next ten years.
    • In addition, we argue that the EU budget can lend more of a hand. Tying EU funds for public investment to progress on reform implementation would provide a double blessing: more central fiscal funding, and more effective use of it.

    ***

    With that, let me conclude.

    We at the IMF stand ready to support you, as we always have. Through our surveillance and technical assistance, we are committed to supporting the CESEE region unlock its growth potential. The steadily increasing demand we see for IMF capacity development, including in public investment management and central banking, testifies to our role as your partner in your quest for faster growth and stronger resilience.

    The region is at a crossroads. Faced with structural headwinds and a much more volatile external environment, reinvigorating domestic reforms are now essential—to navigate the stormy seas and to unlock the region’s potential to sail faster.

    The time to act is now. By moving decisively, you can transform the current challenges into opportunities and chart a brighter future for the region.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/29/sp053025-growth-and-resilience-in-central-eastern-and-southeastern-europe-in-a-more-fragmented-world

    MIL OSI

    MIL OSI Russia News

  • MIL-Evening Report: Shock NSW Senate result as One Nation beats Labor to win final seat

    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne

    The button was pressed to electronically distribute preferences for the New South Wales Senate today. All analysts expected Labor to win the final seat, for a three Labor, two Coalition, one Green result. Instead, One Nation won the final seat, for a two Labor, two Coalition, one Green and one One Nation result. This is a One Nation gain from the Coalition.

    Six of the 12 senators for each state and all four territory senators were up for election on May 3. Changes in state senate representation are measured against 2019, the last time these senators were up for election. State senators elected at this election will start their six-year terms on July 1.

    Senators are elected by proportional representation in their jurisdictions with preferences. At a half-Senate election, with six senators in each state up for election, a quota is one-seventh of the vote, or 14.3%. For the territories, a quota is one-third or 33.3%.

    Final primary votes in NSW gave Labor 2.63 quotas, the Coalition 2.06, the Greens 0.78, One Nation 0.42, Legalise Cannabis 0.24, Trumpet of Patriots 0.17, the Libertarians 0.13 and Family First 0.11. One Nation defeated Labor’s third at the final count by 0.89 quotas to 0.87.

    Labor was hurt by the Greens being well short of quota, and getting preferences from left sources that would otherwise have gone to Labor, while right-wing parties united behind One Nation. The Greens only crossed quota at the second last count, and their small surplus wasn’t enough for Labor to catch One Nation.

    I covered Senate results from other states and territories earlier and this week.

    In the later piece, I talked about the two-party count. This isn’t finished yet in NSW or Victoria, but one side of politics usually needs about 57% of the two-party vote in a state to win four of the six senators (four quotas). This is very difficult to achieve.

    In Tasmania, Labor won the two-party count by over 63–37, but missed out on three senators owing to Jacqui Lambie. In South Australia, Labor won by over 59–41 and the left won a 4–2 Senate split. In Victoria, Labor leads by nearly 57–43, and the left won a 4–2 Senate split. In Western Australia and NSW, Labor won by less than 56–44 and the Senate was tied 3–3 between left and right.

    Out of the 40 Senate seats that were up at this election, Labor won 16 (up three), the Coalition 13 (down five), the Greens six (steady), One Nation three (up two) and Lambie and David Pocock one each (both steady). The Coalition lost senators in all mainland states, with Labor gaining in Victoria, South Australia and Queensland, and One Nation in NSW and WA.

    The 36 state senators elected in 2022 won’t be up for election until 2028. For the whole Senate, Labor has 28 out of 76, the Coalition 27, the Greens 11, One Nation four and there are six others. Labor will need either the Greens or the Coalition to reach the 39 votes needed for a Senate majority.

    In 2022, the United Australia Party (UAP) won a seat in Victoria. During the last term, Lidia Thorpe defected from the Greens, Fatima Payman from Labor and Tammy Tyrrell from the Jacqui Lambie Network. The six others are these four, Pocock and Lambie.

    Counting Thorpe, Payman and Pocock as left and the UAP as right, the left overall has a 42–32 Senate majority, with two others (Lambie and Tyrrell).

    National Senate primaries and results by state

    Nationally, Labor won 35.1% of the Senate vote (up 5.0% since 2022), the Coalition 29.9% (down 4.4%), the Greens 11.7% (down 0.9%), One Nation 5.7% (up 1.4%), Legalise Cannabis 3.5% (up 0.2%), Trumpet of Patriots 2.6% and Family First 1.5%.

    Labor won 34.6% nationally in the House of Representatives, so their Senate vote was 0.5% higher than in the House. It’s likely the lack of a Teal option helped Labor in the Senate.

    This table shows the senators elected in each state and territory in 2025, with the seat share and vote share at the bottom. Despite the losses in NSW and WA, Labor and the Greens are overrepresented in the Senate relative to vote share.

    Others are greatly underrepresented, but this is because most other parties are either left or right-wing, and their preferences go to Labor, the Greens, the Coalition or One Nation rather than to more others.

    For the combined left to lose control of the Senate in 2028, they would need to lose four seats. The only seat that looks vulnerable is the WA seat won by Payman for Labor in 2022. Even if the Coalition wins in 2028, the Senate is likely to be hostile to the Coalition.

    At a double dissolution election, all senators are up for election at the same time. If the Coalition wins in 2028, a double dissolution would be an option to seek to change a hostile Senate.

    Preference distributions for WA and Queensland

    Final WA primary votes gave Labor 2.53 quotas, the Liberals 1.86, the Greens 0.90, One Nation 0.41, Legalise Cannabis 0.28, the Nationals 0.25 and Australian Christians 0.19.

    One Nation defeated Labor’s third at the final count by 0.90 quotas to 0.86. When the Nationals were excluded, the Liberals got a large surplus. As in Victoria, Liberal preferences heavily favoured One Nation over Labor and Legalise Cannabis.

    But Legalise Cannabis preferences were not as good for Labor as in Victoria, with Labor winning these preferences by 13 points over One Nation, rather than 24 points in Victoria.

    Final Queensland primary votes gave the Liberal National Party 2.17 quotas, Labor 2.13, the Greens 0.73, One Nation 0.50, Gerard Rennick 0.33, Trumpet of Patriots 0.26 and Legalise Cannabis 0.25.

    Both the Greens and One Nation easily reached a quota on the distribution of preferences, with Rennick finishing far behind on 0.55 quotas.

    Adrian Beaumont 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. Shock NSW Senate result as One Nation beats Labor to win final seat – https://theconversation.com/shock-nsw-senate-result-as-one-nation-beats-labor-to-win-final-seat-257888

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: New Zealand and India: A broad-based, enduring partnership

    Source: New Zealand Government

    [Speech to the Ananta Aspen Centre, New Delhi, India]
    Namaste, good afternoon. 
    Ms Indrani Bagchi, distinguished guests, ladies and gentlemen. Thank you for the chance to speak with you today. Over the past 18 months, New Zealand and India have been working hard to deepen the excellent relations developing between us.
    It’s great to be back in New Delhi, just over year since our last visit. Last night, we were able to take stock with Minister Jaishankar of the progress New Zealand and India have made in strengthening relations in recent times, while discussing a broad range of challenging issues facing our region and our world. 
    We must, at the outset, pay tribute to Minister Jaishankar. He is one of the world’s leading statesmen, and it is an absolute pleasure to be working with him on this important project of cementing New Zealand-India relations. 
    This afternoon, we would like to outline for you why and how New Zealand seeks stronger relations with India, in the context of our broader approach to foreign policy in these uncertain, disordered times. 
    We will describe New Zealand’s outward face: how our small state of 5.2 million people sees its place in, and interacts with, the rest of the world. We will outline New Zealand’s foreign policy, which was reset after the new Coalition Government came into office in late 2023. We wish you to understand our priorities as well as our national values. And we will describe our determination to do more in, and with South and South East Asia, and especially with the great nation that is India. 
    Who we are
    First and foremost, New Zealand is a small collection of islands in the Southwest Pacific, just north of the penguins. The original discovery and settlement of the Pacific Islands, including New Zealand, is one of the most remarkable stories of exploration in human history. 
    Historians have compared it with space exploration as both were journeys into the unknown. But Pacific navigation is arguably even more remarkable because the canoes that set out from the Asian landmass knew not where they would land, nor when, nor indeed if they would find any new territory.
    But find land they did, as they forged new identities and societies on atolls and islands that today stand as a testament to their imagination, endurance and a resilience to overcome the formidable challenges of distance, geography, and resource scarcity.
    So, New Zealand is a Pacific Island country – we just sailed and paddled further – and we are linked with our Pacific family by geography, history, culture, politics, demography and indeed DNA. 
    We are also, self-evidently, a maritime nation. The Pacific Ocean represents 31 percent of the world’s surface. The Indian Ocean accounts for another 20 percent, so the Indo-Pacific accounts for about half the world’s surface, meaning protecting sea lanes and freedom of navigation is crucial for both India and New Zealand.
    New Zealand is also a migrant nation, one of the most multicultural countries anywhere. Seventeen percent of our people trace their origins to Asia, including six percent who have Indian ancestry. That diversity strengthens us at home – and connects us to the region that shapes our prosperity. Seven of our ten largest export destinations are in Asia. That is no coincidence. It is the reality of a deeply interconnected future. 
    We are also a deeply democratic people, with New Zealand being one of only nine countries who have enjoyed democracy continuously since 1854. 
    We are proud to have granted our earliest people, the Māori, the franchise all the way back in 1867, and to have been the first nation on earth to give women the vote, in 1893. We were also proud, when visiting your new parliament last year, to see New Zealand-made carpet adorning India’s magnificent new chamber in the world’s largest democracy. 
    New Zealanders, as an artefact of our geographical isolation from the world’s great populations centres, have always been outward-looking people, curious about the world around them. Indeed, many of our most iconic New Zealanders have done their best work outside our shores. 
    Lord Ernest Rutherford, who split the atom. Mountaineer Sir Edmund Hillary, who first climbed Mount Everest with Sherpa Tenzing Norgay, and whose legacy we were able to honour in Nepal this week. And, more latterly, cricketer John Wright, who coached India’s national team between 2000-2005; and, lest we forget, while on the subject of cricket, the New Zealand team which stunned the cricketing world in Bengaluru, Pune and Mumbai last year, are just a few of our peak Kiwi performers overseas.
    But, as our cricket team showed, the New Zealand character is forged not by a never-ending pipeline of natural talent – something India is blessed with – but by working very hard to hone the skills needed to compete on the global stage and to make the most of limited resources, whatever the endeavour.
    We push ourselves to work harder because New Zealand has understood these past 80 years, as a small state geographically isolated from the great landmasses of Asia, Europe and the Americas, that only through the conduct of a highly active foreign policy can we advance our national interests, defend our region, and make it more prosperous.
    Foreign Policy Reset
    Distinguished guests, in February 2024 Cabinet endorsed a significant foreign policy reset. 
    The six pillars of our foreign policy reset are as follows:
    First, we are significantly increasing our focus and resources applied to South and Southeast Asia. 
    Second, we have renewed and reinvigorated meaningful engagement with our traditional and likeminded partners. Beginning, as always, with our one formal ally and indispensable partner, Australia, which we visited again just late last week. 
    Third, we are actively sustaining a deeper focus on the Pacific Islands region, bolstering development and security collaboration in response to regional needs and crises.
    Fourth, we are carefully targeting our multilateral engagement to global and transboundary issues, working with close partners to defend and preserve core principles of international law that underpin our security and prosperity. 
    Fifth, we are supporting new groupings that advance and defend our interests and capabilities. The IP4, where we work closely with Australia, South Korea, Japan and NATO, is an example of this new support. 
    Sixth, we are working hard promoting our goal of seriously lifting New Zealand’s export value over the next decade. 
    The six pillars of the Government’s Foreign Policy Reset are underpinned by three key concepts:

    The realism that informs the Government’s foreign policy.
    Our view of the crucial role that diplomacy needs to play in our troubled world.
    And our unshakeable belief that small states matter and that all states are equal.

    In fashioning foreign policy responses the realist tendency is to err on the side of prudence. That is, we are careful in what we say, and when and how we say it. In conditions of great uncertainty and disorder, such as we are currently experiencing, prudence is a both a logical and necessary guiding principle for a small state like New Zealand.
    We see our responsibility to the New Zealand people, in conducting foreign policy, as making cool-headed calculations of the country’s own strengths and weaknesses as we fashion our responses to events large or small that impact upon New Zealand’s interests.
    For a small state like New Zealand, the role of diplomacy is a crucial instrument of our foreign policy. In our complex geostrategic environment never has effective diplomacy been more needed. In the 18 months since returning for a third time as Foreign Minister we’ve spoken widely with colleagues across the globe. We’ve visited 45 countries, several more than once, met with well over 100 Presidents, Prime Ministers, Deputy Prime Ministers and Foreign Ministers, and had over 400 political engagements.

    Summing up those discussions in our National Statement to the United Nations last year, we said it has never been more apparent just how much diplomacy and the tools of statecraft matter in our troubled world. 
    Since war and instability is everyone’s calamity, diplomacy is the business of us all. We have observed that at this moment in time the ability to talk with, rather than at, each other has never been more needed. 
    Those who share our values, and even those who do not, gain from understanding each other’s position, even when we cannot agree. From understanding comes opportunity and from diplomacy comes compromise, the building block of better relations between nations. We said we need more diplomacy, more engagement, more compromise. 
    As Winston Churchill also said in his later years, “meeting jaw-to-jaw is better than war.”

    The inherent tensions and imbalances in the global order – between the desire for a rules-based order that protects small states against aggression, and the unjustified exercise of power by certain Great Powers – have only grown over the last past eight decades. 

    Yet small states matter now as much as they did then. New Zealand holds the foundational belief that all states are equal and that our voices matter as much as more powerful states. 
    Adopting a prudential approach to our diplomacy also means not reacting to everything that happens around you. We are more interested in understanding and anticipating the trend lines that are apparent over much longer periods and how they manifest during our time at the wheel.
    The broadening India-New Zealand relationship
    Which brings us to the India-New Zealand relationship.  India’s trendlines are nothing short of stunning. India’s growth story is well known to us, and it is breathtaking: the fastest-growing economy in the G20 and on track to be the world’s third-largest economy in the coming years. 
    India’s middle class is now almost half a billion strong. In the last decade alone, 250 million Indians have been lifted out of poverty. India’s aviation industry has soared, with the number of airports more than doubling to 157, and a new highway network covering 95,000 kilometres – enough to drive between New Zealand and India eight times. These are not mere statistics; they represent an extraordinary economic transformation. 
    Globally, India has cemented itself as a key player. Hosting the G20 summit in 2023 and landing a spacecraft on the moon’s South Pole two years ago, are testaments to its growing influence. 
    For New Zealand, India presents immense untapped potential. Despite India’s economic scale, it remains only our 12th largest trading partner, accounting for just 1.5 percent of our exports. 
    We are determined to change that. Our strengths – from food and beverage products to agriculture, forestry, horticulture, education, and tourism – are world-class. And our innovation in areas like outer space and renewable energy will find a welcoming partner in India.
    Early in this term we clearly expressed our intent to build a deeper and broader relationship with India. But, as Mahatma Gandhi said, “An ounce of practice is worth more than tons of preaching.” So we have followed through with practical action to broaden our relationship.
    We have sought to increase the tempo and seniority of engagements between our politicians. Our first overseas visit outside our home region of Australia and Pacific was to India, where we visited both Gujarat and New Delhi in March 2024. The Trade Minister has visited India five times. 
    In March his year, Prime Minister Luxon visited India on one of New Zealand’s largest-ever Prime Ministerial missions. And we enthusiastically welcomed India’s President in August 2024, and, just recently, the Minister of State for External Affairs, Shri Pabitra Margherita.
    Since the Foreign Policy Reset, we’ve made concrete strides. We’ve launched negotiations on a Comprehensive Free Trade Agreement – a breakthrough in our economic relationship. But even before that milestone we had put in place measures to deepen the economic relationship, with new arrangements on horticulture, forestry, and education also recently finalised.
    Additionally, we have seen a Memorandum of Understanding signed between Air New Zealand and Air India to explore a codeshare agreement on 16 routes across India, Singapore, Australia, and New Zealand. This will make travel between our nations easier, boosting tourism, education, and business connections. 
    But our relationship with India goes well beyond economic ties. It extends to defence and security – a priority for New Zealand in the Indo-Pacific. In an emerging multipolar world, India is evolving into a geopolitical giant, an indispensable security actor in both regional and global spheres. 
    During a time of great uncertainty, instability and disorder, we have taken steps to work more closely on matters of defence and security with India. A recently signed Defence Cooperation Arrangement will facilitate closer links between our militaries. 
    Meanwhile, we have taken practical steps to work together more closely. The New Zealand Navy is leading Combined Task Force 150, charged with securing trade routes and countering terrorism, smuggling, and piracy in the Indian Ocean and Gulf of Aden. 
    India’s involvement in this mission, as the Deputy Command of the Task Force, underscores the growing closeness of our defence ties. The taskforce has already had very real impact, disrupting the trade of $600 million worth of illegal drugs so far. 
    With tensions rising in the Indo-Pacific, it is crucial for New Zealand to work hand-in-hand with India and other like-minded partners to ensure the region remains free and open, with all nations respecting the rules that underpin peace and stability.
    India makes a significant contribution to upholding the rules-based international system on which we rely, via its growing influence in multilateral forums. 
    In addition, India has been a leader in promoting solar energy worldwide. We were pleased to sign up to the India and France-led International Solar Alliance, which now has over 100 member countries. And New Zealand has endorsed India’s candidature for permanent membership in a reformed UN Security Council.
    Turning to our growing people-to-people links, Prime Minister Modi has spoken often of the Indian diaspora in New Zealand, calling it a “living bridge” between our countries. 
    That is certainly true – the vibrant Indian community in New Zealand is contributing immeasurably to our society. 
    Their economic contribution is enormous, with estimates from six years ago suggesting it was worth around NZ$10 billion. We have no doubt it has grown since. 
    Of course, our partnership is also about more than economics and politics. It’s about people, and there’s no greater expression of that than sport. Cricket, of course, is a key element of our relationship – we will soon mark 100 years of sporting ties with India.
    But our sporting connections go beyond cricket. New Zealand and India have recently signed a Sports Memorandum of Cooperation, paving the way for new collaborations in high-performance sports, technology, research, and people exchanges.
    When you consider the range of measures outlined today across these key areas, it becomes clear that India and New Zealand are building a truly broad-based relationship.

    Concluding Remarks
    In concluding this speech on New Zealand’s foreign policy and our approach to India, and before taking your questions, let us briefly reinforce our key messages here this afternoon.
    First, while we are operating under severe conditions of uncertainty and the world faces extremely difficult economic and security challenges, New Zealand is pursuing a Foreign Policy Reset to help secure our place in the world.
    Second, the foreign policy of this New Zealand Government is unashamedly realist because in conditions of uncertainty prudence is preferable to pious platitudes when it comes to protecting New Zealand’s and the Indo-Pacific’s immediate and longer-term economic and security interests.
    Third, our broadening bilateral relations with India are very important to us. New Zealand is deeply committed to South and South East Asia in general, and India in particular. We are taking concrete actions to make good on our commitment to India and the region, across political engagement, defence and security, trade and economics, people and cultural, and multilateral connections. 
    Ultimately, there’s plenty in our relationship to benefit both New Zealand and India, as we work more closely together on defence and security, on sharing technology and human capital and in cooperating economically. India can rely upon New Zealand’s word and the actions that support them. And we are in it for the long haul. 
    Thank you.

    MIL OSI New Zealand News

  • MIL-Evening Report: GPs will be a great help for managing ADHD medications. But many patients will still need specialists

    Source: The Conversation (Au and NZ) – By Adam Guastella, Professor and Clinical Psychologist, Michael Crouch Chair in Child and Youth Mental Health, University of Sydney

    The New South Wales government this week announced reforms that will allow some GPs to treat and potentially diagnose attention-deficit hyperactivity disorder (ADHD).

    This aims to make ADHD care more accessible and less expensive and follows changes in Western Australia and Queensland, which have increased GPs’ role in diagnosing and prescribing for ADHD.

    Previously, only specialists (usually paediatricians and psychiatrists) could diagnose ADHD and prescribe the most commonly used ADHD stimulant medications.

    This reform comes on the back of evidence of extensive wait times for ADHD care and costs too high for many people.

    But while up-skilling GPs to treat ADHD will benefit many patients, some people with more complex cases will still need to see a specialist.

    What’s planned for NSW?

    Under this new framework, the NSW government proposes a two-stage plan.

    In phase one, around 1,000 GPs will be trained to support the ongoing prescribing of ADHD medications.

    In phase two a smaller number, about 100 GPs, will receive more intensive training to conduct ADHD assessments, make diagnoses and initiate ADHD medications.

    For phase two the initial focus will be on children and adolescents and then the trial will extend to adults.

    Why a diagnosis is crucial for people with ADHD

    The recent Senate inquiry into ADHD highlighted growing awareness about the daily struggles of people with ADHD across Australia.

    People with ADHD have serious difficulties with attention, impulsivity and hyperactivity, which impact across the lifespan and many settings where people live, learn, work and play.

    ADHD is linked to many poor outcomes and is even associated with higher rates of accidental injury and death.

    ADHD treatments, such as stimulant medication, has been shown be safe, effective and to substantially lower risks of negative outcomes. But to receive these treatments, a person needs to first receive a diagnosis.

    GPs can play an important role managing ADHD

    There is also no question that GPs are more accessible than specialists, both in terms of availability and cost.

    They already provide ongoing management for a wide range of chronic medical conditions such as diabetes, high blood pressure and obesity. They are highly skilled in monitoring outcomes and adjusting treatments.

    With the right training, they bring many transferable skills to ADHD care. Increasing their ability to take over ongoing prescribing for people diagnosed and stabilised on treatment is low risk and has shown to be effective in a range of studies.

    However, although the proposal to increase the role of GPs in ADHD care is a step in the right direction, it is not without challenges.

    GPs may struggle to assess complex patients

    Collaborative care involves general practitioners working with specialists and specialist teams to provide care. If GPs don’t have specialists to rely on for expert advice about ongoing management, many will choose not to provide ADHD care. Ongoing support and strong links between specialist and primary care services will be essential.

    GPs may also struggle to assess and diagnose complex cases.

    The vast majority of people with ADHD will have other mental health conditions, but some of these other conditions (such as anxiety conditions) can also result in symptoms that appear like ADHD.

    For these complex situations, specialist services with multidisciplinary teams of doctors and allied health providers (such as psychologists and occupational therapists) will still be needed.




    Read more:
    Wondering about ADHD, autism and your child’s development? What to know about getting a neurodevelopmental assessment


    To ensure high-quality care and reduce the potential for misdiagnosis and incorrect treatment, it will be even more important that specialists are available to provide additional services when required.

    There is little detail currently in the NSW proposal about how specialist multidisciplinary services will be supported to ensure this happens. And funding models for this will need to be established to support existing guidelines.

    Bringing GPs into the assessment and diagnosis to initiate treatment is positive but comes with added pressures to manage assessment and treatment.

    There are many cases in the media of poor diagnostic process, where patients were misdiagnosed with conditions such as ADHD after inadequate assessments. These practices may be driven by financial rewards and a poor application of evidence-based guidelines.

    Sometimes teams of clinicians and allied health providers will be needed for a diagnosis.
    Alex and Maria photo/Shutterstock

    Could this lead to over-diagnosis? Or correct under-diagnosis?

    In Australia, the debate about whether ADHD is under- or over-diagnosed is ongoing. There reality is that there is almost certainly a mixture of both.

    The real rates of ADHD are estimated at around 7% in Australian children and 2.5% in adults. While these rates have remained stable for many years, the rates of clinical diagnosis and treatment have increased dramatically, particularly in young women.

    Around 6% of children and adolescents currently receive ADHD medications, similar to the actual rates of ADHD in the population. For adults, the rates of ADHD medication use remain low for those over 45 years. For those between 18 and 44 years, rates now sit at around 2%.

    One interpretation of these figures is that most children, adolescents and adults with ADHD are now getting the support they need.

    However, if we remember the strong evidence that many Australians are struggling to access ADHD care, particularly in under-resourced, regional and remote areas, the more likely answer is that a combination of “misdiagnosis” and “missed diagnosis” means that sometimes diagnoses are not done correctly.

    This highlights the importance of focusing on the need for accurate assessment as the cornerstone of high quality ADHD care. In its answer to the question of who should assess and diagnose ADHD, the Australian ADHD guideline focuses on training and skills rather than which profession conducts the assessment.

    There is no reason that GPs cannot develop these skills, but they will require adequate training and ongoing support to do so, and they will need time to commit to these assessments.

    Finally, we need to make sure medication is not the only option available. Research shows ADHD medications provide effective treatment. But they should never be the only form of treatment offered.

    Sadly, reports show medical treatments are relied upon more frequently in more disadvantaged communities where access to other supports can be difficult.

    These reforms will do little to increase access to psychological and allied health supports to ensure the right care can be provided to people with ADHD.




    Read more:
    GPs could improve access to ADHD treatment. But we still need specialists to diagnose and start medication


    Adam Guastella receives funding from the NSW Government for the evaluation of mental health supports provided to children and families in health services. He has received funding from research agencies (ARC, NHMRC, MRFF) for the evaluation of assessment and supports related to neurodevelopmental conditions and for independent and sponsored clinical trials for the evaluation medical and psychological therapies. He is affiliated with Neurodevelopment Australia.

    David Coghill has been a consultant for with Takeda, Medice, Servier, Novartis. He receives research funding from the NHMRC and royalties from Oxford University Press and Cambridge University Press. He is the president of Australasian ADHD Professional Association.

    ref. GPs will be a great help for managing ADHD medications. But many patients will still need specialists – https://theconversation.com/gps-will-be-a-great-help-for-managing-adhd-medications-but-many-patients-will-still-need-specialists-257610

    MIL OSI AnalysisEveningReport.nz