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Category: Tourism

  • MIL-Evening Report: More dry lightning in Tasmania is sparking bushfires – challenging fire fighters and land managers

    Source: The Conversation (Au and NZ) – By David Bowman, Professor of Pyrogeography and Fire Science, University of Tasmania

    Tasmania has been burning for more than two weeks, with no end in sight. Almost 100,000 hectares of bushland in the northwest has burned to date. This includes the Tarkine rainforest and alpine ecosystems of Cradle Mountain that may never recover.

    The situation has taken emergency services and land management agencies by surprise. The seasonal bushfire outlook for summer 2024 suggested Tasmania’s fire risk was nothing out of the ordinary. The state was also well prepared for bushfire fighting, particularly with specialised aircraft.

    But this fire season has turned out to be anything but typical. Firefighting capacity has been stretched to the limit and interstate crews have been called in.

    It all began with a massive lightning storm in the evening of Monday February 3. The incidence of such lightning fires has been increasing in Tasmania since the 1990s.

    An official inquiry into the bushfires will no doubt be held, given the substantial social, economic and environmental harm – as well as the sizeable costs associated with fighting the fires from the air in remote and rugged landscapes.

    Nonetheless, important lessons are emerging from these fires, which speak to the broader, worsening threat as the climate changes.

    Understanding the impacts of the fires

    Fortunately, direct economic losses from theses fires have been limited so far, despite significant disruption associated with evacuation and road closures. Tourism operators and honey producers have been hardest hit.

    The fires caused brief but substantial smoke pollution across the state, placing a range of people with medical conditions at risk.

    The full environmental effects and the benefits of prescribed burning are yet to be evaluated. Nonetheless, there is grave concern about damage to unique rainforests and alpine ecosystems. If sufficiently dry the organic soils, or peats, that supports forests and treeless areas in western Tasmania are also vulnerable to combustion.

    We undertook a preliminary estimate of how much highly fire-sensitive vegetation – plant communities that will take more than 50 years to recover – may have burned. This involved comparing the current bushfire boundaries or footprint, based on satellite data and field reconnaissance, to vegetation mapping used for various purposes including fire management. We put the figure at 19,716 hectares of vegetation. However, it’s possible not all of this burned and islands of unburned vegetation persist within the broad fire boundary.

    Our estimation includes 10,419 hectares of temperate rainforest (10% of the fire area) and 462 hectares of alpine vegetation (0.45% of the fire area). Neither of these vegetation types can readily tolerate fire.

    Our analysis suggests about half of fire-affected rainforest areas have been previously burned by fires since 1982 (48%) and some small areas have burned twice (5%). Recurrent fires in rainforest can result in permanent loss of this vegetation. Just how much damage has been done will require further assessment.

    Current area affected by bushfires in northwestern Tasmania, comparing data from Geoscience Australia on bushfire boundaries and Land Information Services Tasmania on vegetation. Note, not all of the shaded area has burned.
    Grant Williamson

    Emergence of new fire patterns

    The number of fires ignited by lightning have increased in Tasmania since the 1990s. When the lightning occurs in storms without much rain, or where the rain evaporates before it hits the ground, it’s known as dry lightning.

    Concerningly, in the last decade two other major dry lightning fire events have occurred,
    likely a signal of a change in fire activity. As a result, fires are burning into areas that historically are rarely affected by fire, damaging the natural values of the Tasmanian wilderness.

    This event could not be predicted

    Going into summer, experts were concerned that soils across western Tasmania were particularly dry. This increased the fire risk in the seasonal outlook.

    The recent rapid fire growth in Tasmania was caused by the unusual combination of regional drying (including dry soils), an extreme lightning storm and subsequent strong winds.

    But the sequence of events that caused this fire to take off could not have been predicted more than a week ahead. That’s because it is impossible to predict lightning and windstorms outside the seven-day window of weather forecasts.

    What’s more, our research shows it is currently not possible to reliably predict which lightning strikes will start fire.

    By February 12, more than a dozen fires had burned around 50,000 hectares in the state’s northwest.
    NASA Earth Observatory

    Rapid attack and fire suppression have practical limits

    Massive lightning storms that ignite multiple fires overwhelm the capacity of firefighters to locate and immediately extinguish all the flames.

    Unfavourable weather conditions caused the west coast fires to rapidly grow. Firefighting shifted from attempts to extinguish the fire to instead contain its spread. This involved techniques such as targeted waterbombing, back burning and building fire breaks.

    These approaches have been successful in some cases, notably the deployment of retardant drops to contain the Canning Peak fire, saving extensive stands of conifer rainforest. But suppression efforts were imperfect, as the loss of a private tourist facility hut on the Overland Track has demonstrated.

    Managing these massive fires demands triage – making difficult choices about where to direct firefighting effort. Effective triage requires a detailed understanding of the location of areas of high economic, cultural and environmental value. High-quality mapping of these sites and involvement of specialists in the broader decision-making process is essential.

    The Tasmanian government does have maps and expertise to guide triage, but there are calls for more investment to protect the region’s ecological values. This is particularly important for small, localised sites vulnerable to fire, such as groves of ancient Huon pine.

    Fires continue to burn in Tasmania’s west, putting wilderness areas at risk (7.30)

    Broader lessons for fire fighting

    Dry lightning storms are hard to predict, extraordinarily difficult to contain, and can cause substantial economic, social and environmental harms.

    Technology alone – such as that which combines satellites, artificial intelligence, drones and water bombers – is not enough to eliminate these fires. What’s needed is a diverse portfolio of approaches, involving a combination of:

    • reducing fuel loads by prescribed burning
    • firefighting that is carefully targeted using high quality data
    • expertise embedded in firefighting teams.

    Researchers and fire managers must also identify the best strategies for prescribed burning to reduce bushfire risk while protecting areas of high economic, conservation and cultural value.

    Climate change will bring more frequent monster fires – and fighting them demands a broad suite of investment.

    David Bowman is an Australian Research Council Laureate Fellow and also receives funding from the New South Wales Bushfire and Natural Hazards Research Centre, and Natural Hazards Research Australia.

    Grant Williamson receives funding from the NSW Bushfire and Natural Hazards Research Centre, and Natural Hazards Research Australia.

    – ref. More dry lightning in Tasmania is sparking bushfires – challenging fire fighters and land managers – https://theconversation.com/more-dry-lightning-in-tasmania-is-sparking-bushfires-challenging-fire-fighters-and-land-managers-250063

    MIL OSI Analysis – EveningReport.nz –

    February 19, 2025
  • MIL-OSI Economics: IMF Staff Completes 2025 Article IV Mission to the Maldives

    Source: International Monetary Fund

    February 18, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Maldives’ economy is expected to grow by 5 percent in 2025, driven by robust tourism activity. Nevertheless, macroeconomic imbalances have continued to widen and risks are tilted to the downside.
    • The immediate policy priority is to restore sustainable public finance and debt. Broad-based fiscal reforms and a comprehensive debt strategy, alongside well-calibrated monetary and macro-financial policies, are urgently needed.
    • Reforms to strengthen climate resilience, improve the business climate and governance, and enhance skill developments will support stronger external competitiveness and strong, sustainable, and inclusive growth.

    Washington, DC: An International Monetary Fund (IMF) mission, led by Ms. Piyaporn Sodsriwiboon, visited Malé during February 3 – 16, 2025, to discuss recent economic developments, the outlook, and the country’s policy priorities in the context of the 2025 Article IV consultation.

    At the end of the mission, Ms. Sodsriwiboon issued the following statement:

    “Thanks to the Maldives’ strong tourism base, growth has held up well. Real GDP growth is projected at 5 percent in 2025, and the opening of airport terminal expansion would ease supply-side bottleneck for tourism and help sustain growth momentum over the medium term. Inflation is expected to rise to 2.3 percent in 2025, partially due to higher import duties. There is large uncertainty around the forecasts and risks are tilted to the downside.

    “External vulnerabilities remain, amid a persistently large current account deficit and pressures on foreign exchange reserves. The overall fiscal deficits and public debt are projected to stay elevated, calling for urgent policy adjustment. Over the medium term, the Maldives is highly vulnerable to climate change risks, due to sea level risk, floods and the degradation of its natural capital.

    “The Maldives is navigating a pivotal moment to urgently restoring macroeconomic stability and debt sustainability. The Government of Maldives has assumed its homegrown fiscal reform agenda, importantly with the discontinuation of exceptional use of Maldives Monetary Authority (MMA) advances and the passage of Fiscal Responsibility Act and Public Debt Management Act. Swift implementation of expenditure reform measures as outlined in the 2025 Budget would be key to reduce imbalances in an orderly manner and restore economic stability.

    “In addition to the revenue mobilization measures enacted by the government, there is the need for more urgent and stronger fiscal consolidation. Holistic expenditure rationalization is necessary to restrain excessive spending, while improving spending efficiency and protecting priority social spending. Subsidy reforms, which phase out untargeted subsidies and roll out well-targeted direct income transfers to vulnerable households, should be introduced as envisaged in the 2025 Budget. The reprioritization and rationalization of public sector investment program (PSIP) is critically necessary to address immediate fiscal challenges. Building on recent progress, the reforms of state-owned enterprises (SOEs) and Aasandha-healthcare reforms should be continued. Strengthening the public financial framework is critical to enhance fiscal policy credibility and effectiveness. A comprehensive debt strategy would also help restore debt sustainability and improve debt management.

    “A coordinated tightening of the policy mix would effectively help address macroeconomic vulnerabilities. The MMA’s commitment to resume active monetary operations is a welcome step in this regard. Should inflationary or external pressures intensify, the MMA should stand ready to further tighten monetary policy. Heightened systemic risks from bank-sovereign nexus call for tighter macroprudential policies and vigilant financial sector oversight. Prudent foreign exchange reserve management, alongside the necessary macroeconomic adjustments that include substantial and immediate fiscal adjustments as well as stricter monetary and macroprudential policies to address economic imbalances effectively, would help safeguard the exchange rate peg.

    “Given the Maldives’ threats to climate change, integrating climate sensitivity into public financial and investment management processes is essential for tackling climate-related challenges and mobilizing additional climate finance. Structural reforms aimed at improving the business environment and governance, expanding trade and investment, and enhancing skill development remain crucial for sustaining robust and inclusive growth.

    “The IMF team would like to thank the Maldivian authorities for their hospitality and constructive discussions. Meetings were held with Finance Minister M. Zameer, Governor A. Munawar, and other senior officials, as well as representatives from the private sector and development partners.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

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

    @IMFSpokesperson

    MIL OSI Economics –

    February 19, 2025
  • MIL-OSI Russia: IMF Staff Completes 2025 Article IV Mission to the Maldives

    Source: IMF – News in Russian

    February 18, 2025

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • The Maldives’ economy is expected to grow by 5 percent in 2025, driven by robust tourism activity. Nevertheless, macroeconomic imbalances have continued to widen and risks are tilted to the downside.
    • The immediate policy priority is to restore sustainable public finance and debt. Broad-based fiscal reforms and a comprehensive debt strategy, alongside well-calibrated monetary and macro-financial policies, are urgently needed.
    • Reforms to strengthen climate resilience, improve the business climate and governance, and enhance skill developments will support stronger external competitiveness and strong, sustainable, and inclusive growth.

    Washington, DC: An International Monetary Fund (IMF) mission, led by Ms. Piyaporn Sodsriwiboon, visited Malé during February 3 – 16, 2025, to discuss recent economic developments, the outlook, and the country’s policy priorities in the context of the 2025 Article IV consultation.

    At the end of the mission, Ms. Sodsriwiboon issued the following statement:

    “Thanks to the Maldives’ strong tourism base, growth has held up well. Real GDP growth is projected at 5 percent in 2025, and the opening of airport terminal expansion would ease supply-side bottleneck for tourism and help sustain growth momentum over the medium term. Inflation is expected to rise to 2.3 percent in 2025, partially due to higher import duties. There is large uncertainty around the forecasts and risks are tilted to the downside.

    “External vulnerabilities remain, amid a persistently large current account deficit and pressures on foreign exchange reserves. The overall fiscal deficits and public debt are projected to stay elevated, calling for urgent policy adjustment. Over the medium term, the Maldives is highly vulnerable to climate change risks, due to sea level risk, floods and the degradation of its natural capital.

    “The Maldives is navigating a pivotal moment to urgently restoring macroeconomic stability and debt sustainability. The Government of Maldives has assumed its homegrown fiscal reform agenda, importantly with the discontinuation of exceptional use of Maldives Monetary Authority (MMA) advances and the passage of Fiscal Responsibility Act and Public Debt Management Act. Swift implementation of expenditure reform measures as outlined in the 2025 Budget would be key to reduce imbalances in an orderly manner and restore economic stability.

    “In addition to the revenue mobilization measures enacted by the government, there is the need for more urgent and stronger fiscal consolidation. Holistic expenditure rationalization is necessary to restrain excessive spending, while improving spending efficiency and protecting priority social spending. Subsidy reforms, which phase out untargeted subsidies and roll out well-targeted direct income transfers to vulnerable households, should be introduced as envisaged in the 2025 Budget. The reprioritization and rationalization of public sector investment program (PSIP) is critically necessary to address immediate fiscal challenges. Building on recent progress, the reforms of state-owned enterprises (SOEs) and Aasandha-healthcare reforms should be continued. Strengthening the public financial framework is critical to enhance fiscal policy credibility and effectiveness. A comprehensive debt strategy would also help restore debt sustainability and improve debt management.

    “A coordinated tightening of the policy mix would effectively help address macroeconomic vulnerabilities. The MMA’s commitment to resume active monetary operations is a welcome step in this regard. Should inflationary or external pressures intensify, the MMA should stand ready to further tighten monetary policy. Heightened systemic risks from bank-sovereign nexus call for tighter macroprudential policies and vigilant financial sector oversight. Prudent foreign exchange reserve management, alongside the necessary macroeconomic adjustments that include substantial and immediate fiscal adjustments as well as stricter monetary and macroprudential policies to address economic imbalances effectively, would help safeguard the exchange rate peg.

    “Given the Maldives’ threats to climate change, integrating climate sensitivity into public financial and investment management processes is essential for tackling climate-related challenges and mobilizing additional climate finance. Structural reforms aimed at improving the business environment and governance, expanding trade and investment, and enhancing skill development remain crucial for sustaining robust and inclusive growth.

    “The IMF team would like to thank the Maldivian authorities for their hospitality and constructive discussions. Meetings were held with Finance Minister M. Zameer, Governor A. Munawar, and other senior officials, as well as representatives from the private sector and development partners.”

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/02/18/pr25037-maldives-imf-staff-completes-2025-article-iv-mission-to-the-maldives

    MIL OSI

    MIL OSI Russia News –

    February 19, 2025
  • MIL-OSI Asia-Pac: Enhance Strengths and Thrive through Innovation and Connectivity (with photos)

    Source: Hong Kong Government special administrative region

         The Commissioner of Customs and Excise, Mr Chan Tsz-tat, chaired Customs’ 2024 year-end press conference held at the Customs Headquarters Building today (February 18) to review the department’s law enforcement results and sustainability in the provision of trade and clearance facilitation during the year. Mr Chan also outlined that, while carrying on its fine tradition of providing simple and efficient customs clearance that makes Hong Kong a trading and logistic hub for different sectors, the department will actively adopt new technology, adjust enforcement strategies and reinforce collaboration with other customs administrations to enhance enforcement efficiency. Hong Kong Customs will continue its efforts to strengthen and uphold its leading role in customs affairs and combat cross-boundary crimes in the Asia-Pacific region.  

    Overall enforcement situation
    ———————————
     
         In 2024, a total of 31 242 cases were detected, an increase of 63 per cent from the 2023 figure. About 68 per cent of the cases are related to illicit cigarettes, followed by cases related to dangerous drugs and intellectual property rights infringement.

    Illicit cigarettes
    ——————
     
         On the anti-illicit cigarette operation front, the number of detected cases in 2024 increased by 80 per cent to 21 284 cases from 2023, with 614 million cigarettes seized, representing a 6 per cent drop as compared to the figure for 2023.

         The significant increase in the number of illicit cigarette cases stemmed from a huge surge in cases involving inbound persons bringing in cigarettes exceeding the duty-free concessions by imposing a penalty on offences compoundable. Such cases rocketed by 94 per cent to 19 072 cases from 2023. Moreover, 40 large-scale illicit cigarette smuggling cases were detected last year, which was the same as 2023.

         In addition, 2 451 cases involving alternative smoking products, with seizures of over 12 million pieces of relevant products, including electronic cigarettes and heat-not burn products, and 2 255 arrestees in total, were detected last year.
     
    Dangerous drugs
    ——————-
     
         In 2024, 1 363 drug cases were detected, which was about the same as the 2023 figure. A total seizure of about 6.3 tonnes of drugs was made, representing a drop of 33 per cent from 2023.

         The five major drug seizures in order of quantity were cannabis (2 874.8 kilograms, a 22 per cent increase), ketamine (1 202.8kg, a 34 per cent decrease), methamphetamine (“Ice”) (1 111.7kg, a 50 per cent decrease), cocaine (711.4kg, a 64 per cent decrease) and MDMA (Ecstasy) (149.6kg, a 3 per cent decrease) compared to the figure for 2023.

         Customs noticed that drug syndicates resume to traffic drugs by exploiting inbound air passengers, and the number of such cases and seizure quantity showed a noticeable upward trend, with 113 relevant cases detected and 988kg drugs seized last year, representing an increase of 38 per cent and a 1.9-fold increase as compared to figures for 2023. Moreover, etomidate (the main ingredient of “space oil drug”) was put under control of the Dangerous Drugs Ordinance on February 14, and Customs has stepped up enforcement efforts to combat the dangerous drug on various fronts.
          
    Smuggling
    ————
     
         A total of 233 smuggling cases with a seizure value of $4.340 billion in total were detected last year, representing an increase of 5 per cent and 37 per cent from 2023 respectively.
          
         Smuggling syndicates still mainly conduct smuggling activities by sea. Apart from making use of barges, speedboats and fishing vessels, Hong Kong Customs also found criminals using river trade vessels to smuggle large amounts of goods to nearby Mainland cities and Macao, or even adopting more circuitous routes by shipping goods overseas and then re-exporting them to the Mainland to evade the department’s detection.

    Money laundering
    ——————–
     
         Customs last year detected eight money laundering cases with $19 billion involved.
     
    Intellectual property rights
    ——————————
     
         Customs detected 783 intellectual property rights infringement cases last year, representing an annual increase of 11 per cent. The seizure value of infringing items increased 7 per cent to around $309 million (4 million items) as compared to the figure for 2023.

         As for Internet infringement, 130 cases were detected, representing an increase of 29 per cent from 2023.

         Customs last year applied the “communication right” under the Copyright Ordinance for the first time to detect a case of unauthorised communication of live football matches to the public by a restaurant in the course of business.

    Consumer protection
    ————————

         Customs last year received 12 436 complaints regarding suspected cases of violating the Trade Descriptions Ordinance (TDO), a drop of 34 per cent from 2023. Among them, 11 601 complaints were handled:
     
    (i) Detailed investigations have been made on 7 492 complaints;
     
    (ii) The remaining 4 109 complaints have been closed since they were not in contravention of the TDO, or have been referred to other relevant departments or institutions for follow-up actions.
     
         There were 3 003 complaints involving fitness services last year, accounting for 47 per cent of the total number of complaints regarding services and an increase of 14-fold from 2023. This was mainly due to the announcement of business temporary closure of a chain fitness and beauty centre.

         Complaints on medicine shops involving quantities of unclear pricing units in selling ginseng and dried seafood, or Chinese medicine (also known as cases concerning catty, tael and mace) or sale of proprietary medicines slightly decreased to 497 cases in total, among which 86 percent were made by Mainland tourists. The department’s Quick Action Team has been deployed to handle and follow up with complaints by short-term visitors to Hong Kong, and 208 such complaints were handled last year, with 11 shop owners and staff arrested. Customs is also committed to conducting promotion and education through multiple channels, informing Mainland visitors about common unfair trade practices by medicine shops, deploying mobile promotion vehicles at popular tourist hotspots during festivals, conducting patrols with the Travel Industry Authority, and promoting compliance among traders.
     
    Clearance and trade facilitation
    ———————————–

         Customs has continued to facilitate clearance and trade and implement various related measures.
     
    (i) Since the full resumption of normal travel with the Mainland, the number of inbound and outbound passengers and vehicle trips at each control point was about 300 million and about 14.9 million. The number of inbound and outbound passengers has recovered to the number before the 2019 epidemic, while the number of vehicle trips has recovered to about 95 per cent. To further enhance clearance mode, Customs is actively participating in the redevelopment project of the boundary control point in Huanggang taken forward by the HKSAR Government and the Shenzhen Municipal Government, and will provide suggestions on the design and clearance mode of the boundary control point. Details are still under discussion.

    (ii) Based on the Smart Customs Blueprint, Customs has given full play to the advantages of innovative technologies, such as artificial intelligence, cloud computing and blockchain, and has introduced nine CT scanners that provide high-resolution three-dimensional scanning images and the function of automatically detecting contrabands, improving customs clearance efficiency and law enforcement capabilities. Also, the department is researching on the Customs Big Data Application System that could strengthen the capabilities to detect and crack down on smuggling and other crimes related to Customs through an integrated database.

    (iii) Customs actively expands the global network of the Hong Kong Authorized Economic Operator (AEO) Mutual Recognition Arrangement (MRA). Last year, Customs signed the AEO MRAs with the Bahrain and the South African Customs. The MRAs with Saudi Arabia and the Philippines Customs are expected to be signed in early 2025. As of now, there are a total of 16 MRAs ratified between Hong Kong Customs and other economies. AEO MRA Action Plans with the United Arab Emirates, Lao, Chilean and Peruvian Customs were also concluded last year, while the discussion about MRA with other countries along the Belt and Road Initiative is ongoing.

    (iv) Hong Kong Customs and the General Administration of Customs of the People’s Republic of China (GACC) actively enhanced the “Single Submission for Dual Declaration” Scheme. The Scheme was expanded to southbound cargo at all Shenzhen highway ports in November last year, and is planned to cover northbound cargo by the second quarter of 2025 or earlier. Under the Scheme, companies can synchronise cargo information declared with the system on the Mainland through the Hong Kong system, significantly reducing customs clearance time and possible declaration input errors. The Scheme is conducive to the design of system functions of the third phase of Hong Kong Trade Single Window.

    (v) Last year, Hong Kong and Mainland Customs actively extended the Single E-lock Scheme. As of December last year, the number of clearance points under the scheme has reached 93, including 66 in Guangdong, four in Hunan, six in Fujian, four in Macao and 13 in Hong Kong, providing the industries with more than 1 000 cross-boundary route options. Hong Kong Customs and the Nanning Customs are looking into extending the scheme to Guangxi.

    (vi) To cope with the rapid development of the global electronic commerce industry, Customs launched the Cross-boundary Express Cargo Clearance Facilitation Arrangement (CEFA), providing an innovative customs clearance model of “free flow through the first line and efficient control at the second line” to qualified logistics providers. A Memorandum of Understanding with an express courier company was signed at the end of last year, marking the official commencement of the CEFA. As of December last year, over 2 000 cargo vehicle trips and 470 000 declared goods were facilitated under the CEFA.
     
    Strengthen Mainland and international co-operation
    ———————————————————-
     
         Hong Kong Customs last year continued to reinforce connection with both the Mainland and the world, promoting two-way or multi-way communication and collaboration with different regions. These included meeting with the GACC on customs affairs and signing a co-operative arrangement about drug detector dogs; cohosting a conference on combating illicit cigarettes with the Australian authority; organising forums and workshops on combating money laundering and transnational organised crimes, and risk management and intelligence analysis with overseas law enforcement agencies.

         The co-operation between Hong Kong Customs and customs and enforcement agencies around the world has a long history, and the Customs Co-operative Arrangement (CCA) serves as the cornerstone for establishing and maintaining these co-operative relationships. As of last year, Hong Kong Customs signed the CCA with 31 customs authorities worldwide. Hong Kong Customs also signed a CCA with the Zakat, Tax and Customs Authority of Saudi Arabia and is actively seeking co-operation with other Middle East countries.

         Since assuming the office of the Vice-Chairperson for the Asia/Pacific (A/P) region of the World Customs Organization (WCO) in July last year, Hong Kong Customs has hosted a series of global or regional meetings and workshops, covering areas such as combatting illicit cigarettes, canine enforcement and anti-money laundering, and gathered representatives from around the world to communicate and exchange views on relevant issues, hence strengthening co-operation among law enforcement agencies in the region.
     
    Human resources
    ——————–
     
         On manpower recruitment, the department continued to adopt an active recruitment strategy last year, including participating in large-scale career fairs and organising seminars, promoting recruitment through social media platforms, visiting different tertiary institutions to facilitate on-the-spot applications. Mainland Hong Kong students are one of the target groups for Customs recruitment. The department held recruitment seminars on the Mainland in March last year and received more than 290 applications on the spot. Last year, more than 8 400 applications were received for the recruitment of Customs Inspectors, an increase of 12 per cent compared with 2023. About 9 600 applications were received for the recruitment of Customs Officers, representing an about 13 per cent increase compared with 2023. Last year, 82 Customs Inspectors and 355 Customs Officers were recruited. The department will continue its recruitment exercise to fill vacancies this year.

         To strengthen officers’ training in various professional aspects, co-operative Memoranda of Understanding were also signed with the National Academy of Governance, the Vocational Training Council and the University of Hong Kong last year.
     
    Youth development
    ———————-

         Customs continues with its commitment to youth development work. By end-2024, Customs YES recruited 7 935 individual members and 58 organisation members, and held over 490 activities. In addition, a 40-person Foot Drill and Flag Party of the Customs Youth Leader Corps, the first youth group under the Security Bureau to perform Chinese-style rifle foot drill, was set up last year.

    Future development
    ———————–
     
         Hong Kong Customs, as the Vice-Chairperson for the A/P region of the WCO, will continue to foster connection, and promote trade facilitation measures and development in the A/P region by continuing to organise large-scale meetings and workshops on multiple topics this year, including data strategies, e-commerce and Smart Customs.

         Furthermore, Hong Kong Customs has suggested introducing a duty stamp system to differentiate and crack down on duty-not-paid illicit cigarettes during a public consultation on tobacco control by the Health Bureau (HHB). A consultancy study on the duty stamp system was launched by Hong Kong Customs, the Financial Services and the Treasury Bureau and the HHB, and the report has been completed by end-2024. Affixing duty-paid labels on the packages of cigarettes is proposed. Based on the report, Hong Kong Customs will invite cigarette manufacturers to participate in a pilot scheme on the duty stamp system to assess the feasibility and technical issues concerning the stamp duty system, which will help with Customs’ improvement work and the implementation of the system in future. The pilot scheme is expected to be rolled out in mid-2025, while the system is expected to be officially launched within 2026. Hong Kong Customs will announce the details to the industry and the public in due course.
     
    Conclusion
    ————
     
         Concluding his briefing, Mr Chan pledged that the department will continue to leverage Hong Kong’s distinctive advantages of enjoying strong support of the motherland and being closely connected to the world under “one country, two systems” to consolidate Hong Kong’s status as an international financial, shipping and trade centre.      

    MIL OSI Asia Pacific News –

    February 19, 2025
  • MIL-OSI United Kingdom: Skye and Raasay Area roads capital programme approved for 2025/26

    Source: Scotland – Highland Council

    Members of the Skye and Raasay Area Committee agreed a list of proposed prioritised roadworks which will be funded out of Highland Council’s Capital Budget allocation for 2025/26.

    The local allocations capital budget for 2025/26 remains to be established, which will be calculated from the approved capital budget allocation.

    The estimated local allocation for the Skye and Raasay area (based on 2024/25) is £3,001,638 comprising £521,223 for overlay/inlay works, £340,565 for surface dressing works, £50,000 for structures and £2,089,850 strategic allocation.

    Skye and Raasay Area Committee Chair, Cllr John Finlayson said: “It is important to take every opportunity to communicate the real scale of both the road conditions and financial challenges before us. We know the roads budget falls short of the funding needed to do everything we want with added challenges being faced with regard to the recent winter weather with rain, frost, snow and salt causing further damage to our roads, and of course the impact of the hundreds of thousands of tourists who visit Skye annually, travelling on many un-engineered  roads never built for the number of vehicles we now see. Agreeing the capital roads’ priorities for 2025/26, helps raise awareness of what requires to be prioritised based on the road condition survey results and with the funding available, it also allows forward planning for the roads team who work tirelessly and resourcefully to do the best they can with the resources available. Clearly the agreed programme will not please everyone, and local Members will continue to push for additional resource whenever possible and work with Officers to make the best use of the funding available.”

    Cllr Finlayson added: “On behalf of the Committee I would like to thank our roads operations teams who have been working tirelessly during the recent challenging adverse winter weather conditions to clear the snow, ice, and debris from our roads. They have been committed to keeping communities connected and worked hard to keep our routes open.”

    Works for the Skye and Raasay area are identified based on a prioritised ranking.  The ranking is informed by:

    • Scottish Road Maintenance Condition Survey (SRMCS) data.
    • Safety inspections.
    • Service inspections; and input and feedback from Ward Members.

    Details of the capital roads programme can be found in the report here (Item 6).

    Members noted that where future variation may be experienced in the area roads capital programme this will be agreed with Members at Ward business meetings to maintain a dynamic roads programme.

    MIL OSI United Kingdom –

    February 19, 2025
  • MIL-OSI United Kingdom: Food Writers set to Discover Derry’s Thriving Food Scene During LegenDerry Food Month

    Source: Northern Ireland – City of Derry

    Food Writers set to Discover Derry’s Thriving Food Scene During LegenDerry Food Month

    18 February 2025

    Food writers, journalists, and specialist media from across Ireland, the UK and Europe, are set to descend on Derry this week as part of a special media showcase celebrating the city’s renowned food and drink scene during LegenDerry Food Month.

    The event will offer media professionals an exclusive opportunity to sample some of the finest locally sourced produce, meet passionate chefs and artisans, and experience firsthand why Derry is gaining a reputation as a must-visit sustainable food destination.

    Some of the top food writers and high-profile influencers will visit the city to take part in the showcase event that will see them embark on a culinary journey of the city’s unique and diverse food and drink scene that celebrates its rich culture and heritage.

    During their visit to the city they will enjoy bespoke tastings, and take part in an immersive dining experience and a behind-the-scenes insight into how local food producers, chefs and crafters have been working in close collaboration to create an exciting food scene that has something for every palate. The showcase event will highlight the city’s commitment to sustainability, farm-to-table dining, and its innovative approach to modern gastronomy that defines Derry’s unique vibrant food culture.

    The media showcase forms a key part of Love LegenDerry Food Month, a month-long celebration dedicated to showcasing the best of Derry’s food and drink industry. From fresh seafood sourced along the Wild Atlantic Way to handcrafted artisan cheeses, locally distilled spirits, and innovative plant-based cuisine, Derry’s diverse offerings will take centre stage.

    Jennifer O’Donnell Tourism Manager with Derry City and Strabane District Council said: “Derry is fast becoming one of the most exciting food destinations in Ireland, and we’re delighted to welcome leading food writers and journalists to experience it for themselves. Legenderry Food Month is about celebrating our rich culinary heritage, our passionate producers, and our commitment to sustainability. This showcase will be a fantastic opportunity to share our city’s unique food story with a wider audience.

    “We are delighted to have some of the top food writers and media coming to the city this week to see for themselves how Derry is gaining recognition as a must visit food destination and to get to meet with our local chefs and food and drink producers to hear their stories of how our rich heritage and commitment to sustainability and locally sourced ingredients with a focus on land and sea and our natural resources, is allowing us to make our mark in the food tourism market,” she added.

    Robert Hull from DAERA’s NI Regional Food Programme said: “The lush landscapes of Northern Ireland provide an abundance of fresh, high-quality ingredients for its innovative chefs to create a unique food story. From grass-fed beef and free-range poultry to freshly caught seafood from the nearby Atlantic, local farmers, fishers, and artisan producers play a central role in shaping Derry’s culinary identity. This media showcase is an excellent way of not only shining a spotlight on the city and the key role it is playing in Northern Ireland’s evolving culinary landscape, but a fantastic opportunity to showcase and celebrate the quality of local producers within this region and give them the profile and recognition they deserve.”

    The media showcase event will see attendees enjoying a specialist tasting menu using home grown and produced quality produce that will be curated by some of the city’s finest chefs and complemented with locally produced drinks to amplify and enhance the overall experience.  During the event, the Walled City Brewery will officially launch their much-anticipated new Brandy ball flavoured poitin ‘Snifter’.

    In addition to the media showcase, Love Legenderry Food Month will feature a series of exciting dining experiences, chef collaborations, food trails, masterclasses, and more, inviting visitors and locals to immerse themselves in the best of Derry’s food and drink offering.

    The Love LegenDerry Food Month creates a platform for the city’s chefs and producers to showcase just why Derry features on the bucket lists of those planning food themed breaks in 2025 and to promote the city as an international foodie destination to celebrate the North West region’s outstanding food and drink and the people who produce it.

    For more info visit – www.legenderryfood.com

    MIL OSI United Kingdom –

    February 18, 2025
  • MIL-OSI China: Tourist trains gaining popularity among seniors

    Source: China State Council Information Office 2

    Chinese consumers have indicated a growing interest in taking dedicated tourist trains, with rising search volumes related to the sector seen, following the country’s plan to retrofit tourist trains to make them more senior-friendly.
    Specifically, the country plans to launch more green and comfortable travel products and develop more themed routes for the trains, according to a guideline issued on Feb 11 by nine entities, including the Ministry of Commerce, the Ministry of Culture and Tourism and China State Railway Group Co Ltd.
    On Wednesday and Thursday, search volume for travel products related to such tourist trains more than tripled over the same period in January, said Tongcheng Travel, a Suzhou, Jiangsu province-based online travel agency.
    Tourist trains have been one of the most popular travel products among seniors in China. In 2024, nearly 80 percent of consumers who booked tourist trains were aged 60 and above, Tongcheng said.
    Tourist trains connecting Gansu province and the Xinjiang Uygur autonomous region; Heilongjiang province and the Inner Mongolia autonomous region; as well as the China-Laos Railway, have been quite popular among senior travelers, Tongcheng said.
    China has the world’s largest passenger railway network, while the operation of tourist trains in the country is still in its development stage. In 2024, China operated a total of 1,860 tourist trains nationwide, a record high, and the number jumped nearly 50 percent over the pre-pandemic period in 2019, said China Railway.
    “Compared with traditional modes of travel, tourist trains are more comfortable and they satisfy traveler demand for catering, accommodation, transportation and sightseeing, making them more friendly to senior travelers,” said Li Zhun, a senior researcher at the Tongcheng Research Institute.
    “In the next three to five years, demand for cultural and tourism products suitable for senior travelers will further grow in China. Besides raising the supply of tourist train products, there is still room for improvement in the quality of service and operation,” Li said.
    He added that in the next step, tourist trains may be envisioned as a peer to mature business models like luxury cruise ships. More tourist train products suitable for different types of consumers and a new marketing system should be promoted.
    Meanwhile, the domestic tourism market has gradually returned to normalcy after the Spring Festival holiday, and prices of flight tickets and hotels have declined, making it friendly for senior travelers who seek to travel during off-peak periods.
    Tongcheng Travel said after the Spring Festival break, the company has received an increasing number of travel inquiries from senior travelers aged between 55 and 70. Compared with office employees and students, older travelers have more flexible schedules, and they are able to opt for off-peak travel periods to avoid crowds, the company said.
    During off-peak periods, some popular outbound destinations for Chinese travelers include Tokyo, Osaka and Sapporo in Japan; Seoul, South Korea; Bangkok, Thailand; Singapore; New Zealand; and Bali, Indonesia. In addition, cruise tourism products to Japan and South Korea, as well as Mediterranean cruises, have been sought after by consumers, the online travel agency found.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: China to implement comprehensive tagging system for ancient, notable trees

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

    BEIJING, Feb. 17 — China will launch a nationwide initiative to tag and protect ancient and notable trees, reinforcing their status as “green national treasures” and “living cultural relics,” a senior official of the National Forestry and Grassland Administration (NFGA) has said.

    The move follows the enactment of China’s first national-level regulations to protect ancient and notable trees, which will come into effect on March 15, Zhang Liming, director of the NFGA’s ecological protection and restoration department, was quoted as saying by a report in the Science and Technology Daily on Monday.

    Zhang said the regulations align with China’s broader goals of building an “ecological civilization” and preserving cultural identity.

    The regulations establish legal frameworks for resource surveys, conservation, and cultural preservation, as well as penalties for damaging these natural assets, addressing gaps in existing laws.

    According to the regulations, ancient trees are those that are over 100 years old. Notable trees, which hold historical or cultural importance, play a crucial role in biodiversity, cultural heritage, and ecological sustainability.

    A national survey conducted from 2015 to 2021 identified 5.08 million ancient and notable trees in China, 246,600 of which were in urban areas.

    The survey results showed that the majority of China’s solitary ancient trees are aged between 100 and 299 years, totaling 987,500. There are 160,300 trees aged between 300 and 499 years and 68,200 trees are over 500 years old, which includes 10,745 trees over 1,000 years and notably, five trees over 5,000 years.

    Regarding the trees’ vitality, slightly over one million trees are considered normal, 157,700 are weak, and 26,300 are endangered, according to the survey.

    The regulations permit limited scientific and cultural utilization of these resources, such as genetic studies and eco-tourism, provided the trees’ health is not compromised.

    Despite progress made to protect the ancient and notable trees over the past decade, illegal logging and transplantation, irregular enforcement, regional disparities in protection standards, and occasional vandalism necessitate stronger safeguards, according to Zhang.

    Next, authorities will conduct another national survey to update tree databases, implement a smart management system for “one-tree-one-file” monitoring, and mandate uniform tagging and tailored protective measures, said Zhang.

    In addition, efforts should also be made to explore funding mechanisms, including insurance schemes and central fiscal support, while advancing research on conservation technologies.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI New Zealand: Love Our Lakes – How to be a happy camper around our lakes

    Source: Environment Canterbury Regional Council

    “In some more remote places we’ve seen a few bits and pieces, but otherwise we haven’t seen much rubbish at all,” said Jack and Sarah, campervan tourists from Australia who’d parked up at Lake Takapō as part of a three-week South Island road trip.

    Caroline and David, from Germany, had their van parked up near Lake Ruataniwha at the southern side of Twizel.

    “In Germany, it’s super important to take care of the environment,” they said.

    “So, it’s cool to see the same thing happening here. The scenery here is crazy by the way.”

    Katrien and Femke, Dutch friends travelling near Lake Takapō, said their stay had been “super clean and nice to experience”.

    MIL OSI New Zealand News –

    February 18, 2025
  • MIL-OSI China: New consumption frontiers energize China’s market vitality

    Source: China State Council Information Office

    Global financial institutions are increasingly bullish on China’s economic development, with multiple 2025 outlook reports highlighting the nation’s accelerating transition to high-quality growth driven by a stronger consumer sector and service industry.

    During the recent Spring Festival, China witnessed a burgeoning consumption market, marked by record-setting sales revenues in “Guochao” — or trendy merchandise inspired by traditional Chinese culture — along with new records in intangible cultural heritage experiences, the ice and snow economy, and consumer goods trade-in programs. Driven by digital transition and technological development, new consumption models have continued to emerge.

    Analysts noted that emerging consumption trends — from product launches to winter sports and silver-haired consumer markets — demonstrate China’s evolving consumer landscape and its potential for sustained growth.

    Trendsetters Trade up

    Shanghai’s debut economy is transforming the city’s retail landscape, increasingly led by homegrown brands launching global flagship stores. A notable example is SHUSHU/TONG, a local designer label that chose Shanghai’s Jing’an District for its first global store. The store has since become a magnet for international visitors, especially from the Republic of Korea (ROK).

    The store has evolved into a social media hotspot, where Korean visitors frequently create content for platforms like rednote, sharing their shopping experiences and fashion discoveries. This organic promotion has significantly boosted the store’s international profile.

    “New customers now make up half of our foot traffic, with ROK visitors accounting for 80 percent of first-time shoppers,” says Yu Yaqi, head of SHUSHU/TONG’s offline operations. “To better serve our international clientele, we’re streamlining membership registration for foreign customers and optimizing our product display and inventory to match visitor preferences.”

    China’s policymakers have identified the debut economy as a key driver of growth, making it a 2025 priority at December’s Central Economic Work Conference. This strategic focus aims to upgrade consumption quality and accelerate industrial transformation, with regional governments already implementing supportive measures.

    Positioned as a global hub for product debuts, flagship store launches and exclusive exhibitions, Shanghai is leveraging this innovative model. The policy blueprint includes an annual “FIRST in Shanghai” flagship event from March to May, designed to attract global attention as a premier platform for product launches.

    Looking ahead to 2025, the city’s government work report prioritizes scaling up the debut economy, along with emerging consumption sectors such as automobiles and green consumption.

    Frost to Fortune

    “Endless snow slopes stretch before my eyes, with the howling wind echoing in my ears: That feeling of free flight delivers a unique thrill,” said 28-year-old Sun Hong, an avid skier who travels to different resorts each winter to seek fresh experiences.

    Winter tourism has become a major driver of China’s economy, sparking nationwide interest in cold-weather activities.

    Different regions have developed distinctive winter tourism offerings: Southwest China’s Chongqing Municipality focuses on themed events and travel routes, southern Guangdong Province provides year-round indoor snow activities, while Xinjiang’s Altay region features unique ethnic winter experiences.

    Dai Bin, president of the China Tourism Academy, highlighted the role of technology and investment in promoting winter sports, with artificial snow and ice facilities making winter sports accessible even in the warmest regions.

    A survey from the academy showed more than 70 percent of the respondents are willing to engage in winter leisure activities, with over 60 percent planning to maintain or increase their spending on winter tourism. The 2024-2025 winter season is expected to attract some 520 million trips, generating over 630 billion yuan (about 87.86 billion U.S. dollars) in tourism revenue.

    Winter has evolved from a season of dormancy to one of vibrant activities, Dai noted. “In the past, winter meant freezing temperatures and a pause in daily life. Now, people embrace the cold and explore northern regions.”

    Silver is the New Gold

    Local governments have prioritized expanding elderly care products and services in their 2025 agendas. Guangdong plans to enhance research and development (R&D) and promotion of senior-friendly products while accelerating the rehabilitation assistive devices industry.

    Heilongjiang aims to boost service-oriented consumption in digital, elderly care and childcare sectors, with a focus on developing traditional Chinese medicine-based wellness and smart elderly care. Shanghai will deepen the application of technologies like smart nursing homes in elderly care scenarios.

    The economic potential is substantial. According to a recent blue paper on China’s silver economy, the sector is currently valued at 7 trillion yuan, with tourism being a key growth area.

    Elderly adults in China had amassed wealth totaling 78.4 trillion yuan by 2023, according to the China National Committee on Ageing. The silver economy is projected to reach 30 trillion yuan by 2035.

    The silver economy is creating new growth opportunities across multiple industries. “A growing number of seniors are demanding higher quality of life, prioritizing health and fashion, making the anti-aging industry particularly promising,” said Chen Juanling, a Shanghai municipal lawmaker and public affairs general manager of cosmetics brand Chando Group. 

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: ‘Everything’ on table to retaliate against U.S. tariffs: Canadian trade minister

    Source: China State Council Information Office

    The Canadian government is ready to retaliate against U.S. tariffs, the nation’s trade minister told Australian media on Monday.

    Mary Ng, Canada’s minister of export promotion, international trade and economic development, said during an official visit to Australia that the U.S. government’s promised tariffs will “simply create costs for Americans.”

    U.S. President Donald Trump earlier in February agreed to pause a 25 percent tariff on all goods imported to the United States from Canada and Mexico except for energy products, which will face 10 percent tariffs, for 30 days.

    Ng told Australian Broadcasting Corporation (ABC) television on Monday night that Canada is ready to retaliate if the tariffs are implemented.

    “Should Canada get tariffs that are punishing, tariffs that will hurt our economy, everything will be on the table,” she said. “We will respond, and we will respond with impact.”

    The Australian government has said it is working on an exemption from U.S. 25 percent tariffs on all steel and aluminum imports.

    Ng, who is in Australia leading a delegation of 140 Canadian companies aiming to boost the trade relationship between the countries, told the ABC that the two countries have not yet discussed a joint response to U.S. tariffs.

    In a separate interview with Nine Entertainment newspapers, she said that Australia and Canada should continue to promote open and free trade under a system “that is underpinned by a rules-based order.”

    Ng met with Don Farrell, Australia’s minister for trade and tourism, over the weekend.

    Farrell on Thursday rejected a claim from Peter Navarro, Trump’s senior counselor for trade and manufacturing, that aluminum imported from Australia is “killing” the U.S. market. 

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI China: Chinese blockbuster ‘Ne Zha 2’ brings boons beyond theaters

    Source: China State Council Information Office 3

    Having broken the Hollywood monopoly in the global list of 10 highest-grossing films, the animated feature “Ne Zha 2” is generating ripple effects beyond cinemas, showcasing China’s vibrant consumption and dynamic economy.

    Less than three weeks since its premiere, the global earnings, including presales, of “Ne Zha 2” have exceeded 12.05 billion yuan (about 1.68 billion U.S. dollars).

    Drawing inspiration from a Ming Dynasty (1368-1644) mythological tale, much like the globally acclaimed 3A video game “Black Myth: Wukong,” “Ne Zha 2” reimagines the story of Nezha, a legendary boy with extraordinary powers, for today’s audience. He is also a character in the classic novel “Journey to the West,” which features the Monkey King, or Sun Wukong.

    The film’s success extends to catering, retail, tourism, and capital markets.

    Inspired by the film, a restaurant in north China’s Tianjin Municipality has creatively incorporated the film’s characters and cuisines into its menu, with dishes like “stir-fried squid tentacles” recalling a humorous scene from the movie.

    Traditional specialties, such as lotus root powder — used in the film to remake Ne Zha’s flesh — have seen a resurgence in popularity.

    Additionally, a Ne Zha-themed hot pot restaurant in Yibin, Sichuan Province, has become a popular spot for photos due to its interior design inspired by the film’s elements, like the Red Armillary Sash.

    Craze for IP derivatives

    The craze for IP derivatives is evident, with Ne Zha-themed merchandise selling out rapidly. In Shanghai, movie theater operators reported that popcorn tubs and drink packages featuring Ne Zha sold out within days of the film’s release. In Beijing, action figures of Ne Zha are in high demand, with shipments scheduled as far out as July.

    “I really like Ao Bing (a dragon prince and friend of Ne Zha in the film). I ordered six blind boxes from Pop Mart as soon as the products were released, hoping to get a toy of Ao Bing,” said Dekyi Yangzom, a movie enthusiast from southwest China’s Xizang Autonomous Region, who was deeply impressed by the story and visual effects of the film.

    Online sales of “Ne Zha 2” merchandise have surged, with sales reportedly exceeding 50 million yuan on Taobao, a leading e-commerce platform in China.

    Zhang Zizhong, an assistant professor at Zhejiang University, highlighted the evolving revenue models in China’s film industry.

    “In the past, films mainly relied on box office to generate revenues. However, today, IP derivatives have become a significant source of profits,” said Zhang, adding that the audiences are willing to pay for content beyond the movie itself.

    A boost for local tourism

    The film’s use of various Chinese dialects has entertained audiences and highlighted the unique charm of local cultures, boosting cultural tourism in regions like Tianjin and Sichuan.

    Locations like Chentangzhuang in Tianjin, linked by some people to Chentang Pass in the film, are seeing increased visitors. Capitalizing on the opportunity, Tianjin’s cultural and tourism sector has introduced several Ne Zha-themed experiential routes, resulting in a nearly 30 percent surge in visitor traffic.

    In the Cuiping district of Yibin, known for ancient temples honoring Nezha, newly launched attractions and themed events have drawn crowds, leading to a 34 percent increase in hotel booking.

    In Xixia County, Henan Province, the Nezha Temple attracts global visitors annually. Following the movie’s release, the local cultural and tourism department reported a year-on-year rise in visitor numbers at the county’s major scenic spots, accompanied by a 13.2 percent increase in overall revenue.

    Stock price rise

    As “Ne Zha 2” continues to dominate the box office, the stock prices of the companies involved in its production, including Beijing Enlight Media Co., Ltd., the main producer, have seen a significant uptick.

    Within seven trading days after the Spring Festival holiday, Enlight Media’s stock price hit the upper limit five times, with its market value soaring from approximately 28 billion yuan on Jan. 27 to 101.9 billion yuan on Feb. 14.

    Wang Changtian, the company’s chairman, said that such performance is a direct market response to the box office success of “Ne Zha 2.”

    Zhu Yuqing, vice chairman of the industry review committee of the China Film Critics Association, said that amidst the global sensation of “Ne Zha 2,” investors previously skeptical about the Chinese film market have shifted their stance and are now paying attention to Chinese animated films.

    “The investment rationale for animated films extends beyond box office revenue; their industrial chain is extensive. Derivative products, real-world scenery development, souvenirs, and games can all generate a long-tail effect,” Zhu explained, adding that the capital market is generally optimistic about animated films this year, which marks the 120th anniversary of Chinese cinema and the 130th anniversary of world cinema.

    “The strong start of ‘Ne Zha 2’ is just the beginning. The vast potential for consumption in China’s film market, the broad development space for the film industry, and the growing enthusiasm for domestic blockbusters will drive Chinese filmmakers to create more outstanding domestic animations that will shine on the global stage,” said Zhao Xinli, dean of the Advertising School at the Communication University of China.

    MIL OSI China News –

    February 18, 2025
  • MIL-OSI Australia: ‘It’ll save lives’ tourism operator’s call to businesses

    Source: Victoria Country Fire Authority

    Maxwell Vella of Sky Pods Cape Otway

    A Cape Otway accommodation owner is encouraging fellow tourism operators to complete CFA’s Tourism Fire Safety Module after a recent bushfire forced the evacuation of his guests in the middle of the night.

    Maxwell Vella, owner of Sky Pods Cape Otway, successfully evacuated eight guests and several staff when a significant bushfire broke out near his property in January.

    “I got a call from a neighbour warning me about the fire,” Maxwell said.

    “Within 15 minutes, the VicEmergency app sent an evacuation notice, and we got all our guests up and out.

    “Some didn’t answer their phones, so we had to knock on doors at 2am, but they all cooperated because they understood the seriousness of the situation.”

    The evacuees then drove their own vehicles to a pre-determined assembly point in Apollo Bay, and the fire was contained later that day.

    Following the evacuation, Maxwell discovered CFA’s Tourism Fire Safety Module, designed to help tourism operators understand their local risk, develop a comprehensive bushfire plan and how best to communicate with guests during an emergency.

    While he already had a stringent bushfire survival plan in place for his guests, Maxwell said the module provided him with additional insights on refining evacuation procedures and how best to communicate with guests.

    “I now ask all guests to leave their phones on overnight. Many turn them off while on holiday, but emergencies don’t wait for the morning.”

    To further integrate fire safety into his business, Maxwell is developing an information booklet for each accommodation unit based on what he’s learnt from CFA’s Tourism Fire Safety Module.

    “I’d recommend this training to every tourism operator in Victoria. It’s a must, it’ll save lives,” he said.

    “We have a responsibility to keep our guests safe, and the module provides practical steps to be prepared.”

    CFA Chief Officer Jason Heffernan said the module gives businesses the tools to act swiftly in an emergency.

    “Tourism operators play a critical role in keeping visitors safe, particularly in regional areas where fire risks can escalate quickly,” Jason said.

    “This module equips businesses with the knowledge and confidence to respond effectively, ensuring both staff and guests are well-prepared.

    “Maxwell’s experience is a great example of why preparedness matters. We strongly encourage all tourism operators to take the time to complete the training and apply its lessons.”

    You can find more information and complete the CFA Tourism Module here.

    Submitted by CFA Media

    MIL OSI News –

    February 18, 2025
  • MIL-OSI Australia: Three new projects for Albury Wodonga

    Source: Australian Executive Government Ministers

    The Albanese Government is partnering with all levels of government to Build Australia’s Future, with $7 million in federal funding supporting the delivery of recreational, tourism and education projects in the Albury Wodonga region.

    Delivered as part of the Albanese Government’s $80 million investment in the Albury Wodonga Regional Projects (AWRP) initiative, the new projects include:

    • The Oddies Creek (Albury) Park Play Space
    • The Wodonga Creek precinct development 
    • An Advanced Manufacturing Centre of Excellence (Wodonga TAFE) 

    Upgrades to the Oddies Creek Park in Albury include construction of a splash park, plant room and water treatment system, as well as fencing and gates, paths and landscaping. 

    The works respond to calls from the community to provide a free and safe family friendly splash park close to the river for residents and tourists. The $5 million project is being jointly funded by the Australian Government and the Albury City Council.

    The splash park will be accessible from both sides of the Murray, enhancing tourism in the region as well as improving amenity and liveability for locals. Design works for the project will begin in early 2025, with completion expected in mid-2026.

    The $5 million Wodonga Creek precinct development, jointly funded by the Albanese Government and Wodonga Council, will link the Wodonga central business area, Belvoir Park and Gateway Island through to Albury by connecting to the existing Wodonga pathways network.

    Stronger connections between the town centre and Wodonga Creek will enable a range of tourism, leisure and economic opportunities. Planning and design has commenced, with construction commencing mid-2026. 

    The $2 million Advanced Manufacturing Centre of Excellence at Wodonga TAFE’s Logic campus is fully funded by the Albanese Government – as part of the Government’s commitment to investing in critical skills that will help with Building Australia’s Future.

    The facility will enable a tactile introduction to advanced manufacturing within a suite of labs, providing introductory programs and basic prototyping capabilities for small and medium enterprises. Construction will commence mid-2025.

    These latest projects are being delivered alongside six other commitments funded through the AWRP initiative, with the Albanese Government also investing:

    • $22 million for the Heavy Vehicle Technology Program at Wodonga TAFE
    • $20 million towards infrastructure that supports better health outcomes
    • $15 million towards housing for essential workers
    • $10 million towards the Albury Entertainment Centre redevelopment
    • $5 million for the Albury Airport Western precinct expansion
    • $1 million for First Nations priority projects

    A further investment of $15 million from the NSW Government and $6.5 million from the Albury City Council brings the total investment for the Albury Entertainment Centre redevelopment to $31.5 million.

    Quotes attributable to Federal Minister for Regional Development and Local Government, Kristy McBain MP:

    “The Albanese Government continues to partner with all levels of government to deliver region-shaping infrastructure, with these latest projects to have a lasting impact in the Albury Wodonga region.

    “These projects will expand tourism opportunities, improve local amenities, and support the region to gain and retain skills in advanced manufacturing – an industry critical to Building Australia’s Future.” 

    Quotes attributable to Minister for Regional NSW Tara Moriarty:

    “With the Oddies Creek Splash Park added to the Albury Wodonga Regional Projects we are seeing the delivery of a diverse network of attractions and economic drivers that will invigorate local tourism and business prospects across the Murray region.

    “These projects aren’t just about building facilities; they’re about strengthening community ties and supporting economic growth for residents on both sides of the border.

    “Together with Albury City Council, the Australian and NSW governments are positioning Albury as a hub for regional growth and enriching the lives of residents in the greater Albury-Wodonga area.”

    Quotes attributable to Minister for Regional Development Victoria Jaclyn Symes:

    “Our investment in Wodonga is creating jobs and growing the local economy – while supporting education, sport and tourism opportunities.”

    Quotes attributable to Federal Labor Senator for NSW, Deborah O’Neill:

    “Oddies Creek Park is already a much-loved destination in Albury, attracting more than 200,000 visitors a year – which is why we’re investing in its future.

    “Our $2.5 million investment in this splash park responds to community feedback, and is another example of the Albanese Government’s commitment to investing in local priority projects in NSW.” 

    Quotes attributable to Federal Labor Senator for Victoria, Lisa Darmanin: 

    “TAFE changes lives. I’m thrilled that the Albanese Government is supporting people in the Wodonga region to retrain close to home, while also learning critical skills that build Australia’s future.

    “The Wodonga Creek has a lot to offer to the community. Our $2.5 million investment will provide new leisure opportunities for locals and attract more visitors to the region, strengthening the local tourism industry.”

    Quotes attributable to Albury City Council Mayor Kevin Mack:

    “Albury City welcomes formal confirmation of this funding from the Australian Government to help us bring the Oddies Creek splash park project to life. 

    “A key element of the recently endorsed Murray River Experience Masterplan and a much-needed facility which our community, particularly young people and families, have been seeking for some time, the splash park project offers significant local and regional tourism potential.

    “It brings us closer to achieving our community’s vision for Albury to be a nationally significant regional city that is vibrant, diverse, innovative and connected, and inspired by its culture, environment and location on the Murray River.”

    Quotes attributable to Wodonga Council Mayor Michael Gobel: 

    “Wodonga Council welcomes this federal investment; this type of support is not just an economic driver, it’s an investment in our residents and community.

    “Tourism, recreation and education are pillars of a thriving city and these projects, including the Wodonga Creek precinct development and the development of the Advanced Manufacturing Centre of Excellence, will open doors to new opportunities for our youth, local businesses and ensure Wodonga remains a dynamic place to live and grow.”

    MIL OSI News –

    February 18, 2025
  • MIL-OSI New Zealand: Popular Great Walks bookings to open

    Source: Department of Conservation

    Date:  18 February 2025

    Opening dates are staggered between 13 to 28 May to give people making multiple bookings a better chance of securing their preferred slot. 

    DOC has upgraded the booking system, so it is easier for people to use. This includes implementing a queue system on opening days, to smooth the experience for customers and to better manage very high demand at peak times.

    “New Zealand’s Great Walks are hugely popular both here and internationally. They offer diverse multi-day experiences across spectacular landscapes, on well-formed and maintained tracks,” says Director of Heritage and Visitors Cat Wilson.

    “Our newest Great Walk – Hump Ridge Track was recently named on a list of ‘Top 25 trails to explore around the globe in 2025’, the only walk to feature from Oceania.”

    “Around 50% of international visitors come here to experience our national landscapes and environment, and around 50% of international tourists visit New Zealand’s national parks”.

    The Heaphy, Kepler and Rakiura tracks are the first Great Walks to open on 15 May, Hump Ridge Track will open at the same time. The ever-popular Milford Track will open last on 28 May. DOC recommends people wanting to book a Great Walk have a profile set up before opening day.  

    The Great Walks mythbuster postexplains why some Great Walks book out faster than others.

    Bookings for other DOC accommodation will also open in this period, from 13 to 21 May. Bookings go live at 9:30am on the opening day.

    “It’s been a busy summer to date and it’s great seeing more people are enjoying Great Walks, with bookings up 5% on the previous year,” says Director of Heritage and Visitors Cat Wilson.

    “So far, 67% of all Great Walk bednights* booked were by New Zealanders, up from 60% pre-pandemic and 65% last summer. In all, New Zealanders booked over 45,000 bednights on the Great Walks between 15 December 2024 and 26 January 2025.”

    “We’re lucky to have mountains, forests, beaches, parks, lakes and rivers on our doorstep. With demand for spots on some of our Great Walks still very high, people should consider some of the less well-known walks which are just as spectacular”, says Cat Wilson.

    *One bednight = one person taking one berth/space for one night. Bednights are a standard reporting metric used across the global tourism industry.

    Background information

    Opening dates for Great Walk accommodation bookings (for stays from 1 July 2025 – 30 June 2026) 9.30 am NZST

    15 May – Heaphy Track, Kepler Track, Rakiura Track, Hump Ridge

    22 May – Whanganui Journey, Routeburn Track, Tongariro Northern Circuit

    27 May – Lake Waikaremoana Track, Abel Tasman Coast Track, Paparoa Track

    28 May – Milford Track

    Opening dates for all other accommodation bookings (for stays from 1 July 2025 – 30 June 2026) 9.30am NZST

    13 May – Backcountry huts, lodges, sole occupancy facilities

    20 May – Conservation campsites, except Tōtaranui, Momorangi, Anaura Bay campsites

    21 May – Momorangi campsite, Anaura Bay campsite

    4 June – Tōtaranui campsite 

    Contact

    For media enquiries contact:

    Email: media@doc.govt.nz

    MIL OSI New Zealand News –

    February 18, 2025
  • MIL-OSI Australia: New Sydney Fish Market’s iconic floating roof now complete

    Source: New South Wales Premiere

    Published: 18 February 2025

    Released by: The Premier, Minister for Planning and Public Spaces


    The new Sydney Fish Market has reached a major milestone with the final roof panel installed on top of the 200-metre-long floating roof canopy, forming the iconic building’s crowning glory.

    With the unique and spectacular roof now completed, Sydney’s skyline is set to change forever with this new architectural marvel, just as the Opera House did when it was built in 1973.  

    This marks a pivotal moment in the project, as the focus shifts from structural work to internal finishes, bringing the building one step closer to construction completion.

    The roof’s supporting structure is comprised of 594 timber roof beams – with the longest beams up to 32 metres in length – and was completed in December 2024.

    Combined with over 400 roof panels, the roof weighs a staggering 2,500 tonnes. The roof requires some finishing touches including waterproofing, which will follow in the weeks ahead.

    Since construction began, the project has provided a major boost to the local economy with delivery partner Multiplex awarding more than $670 million in contracts to Australian suppliers for services including maritime piling, steel reinforcement and installation of the roof cassettes.

    The new Sydney Fish Market will offer a vibrant mix of retail, dining, and community spaces, including fresh seafood market, restaurants, and a seafood school. The new market will create a dynamic hub for both locals and tourists, celebrating Sydney’s reputation as a global seafood destination.

    The new Sydney Fish Market is key to the transformation of Blackwattle Bay, which will unlock a connected waterfront promenade from Rozelle Bay to Woolloomooloo, 1,100 homes on the old fish market site and more than 6,000 square metres of public space, improving pedestrian and cycling links.

    The project is also supporting over 700 jobs during construction, and a further 700 jobs once operational.

    For more information about the new Sydney Fish Market visit: new Sydney Fish Market.

    NSW Premier Chris Minns said:

    “The revamped market will be truly spectacular, offering a world-class, authentic seafood for an expected 6 million annual local and international visitors – ensuring it remains one of the most popular tourist destinations on offer in our harbour city.”

    “Excitement around the new Sydney Fish Market is growing every day as this spectacular new building, now with a completed roof, comes to life at the head of Blackwattle Bay.

    Minister for Lands and Property Steve Kamper said:

    “Today marks a significant milestone with the completion of the roof at the new Sydney Fish Market, a testament to world-class engineering and design.

    “The roof not only enhances the market’s aesthetic with its magnificent wave-like form now in place, but also the environmental sustainability of the building.

    “It is incredibly exiting to have reached this stage in the build and start work on finishes. We’re on the home stretch now and getting closer to being able to set foot in the new Sydney Fish Market, which will be an icon for Sydney and a destination for all.”

    NSW Regional Director Daniel Murphy at Multiplex said:

    “This milestone is a testament to the hard work and dedication of our construction team and partners. We can’t wait to see visitors enjoying this impressive building when it opens to the public.”

    MIL OSI News –

    February 18, 2025
  • MIL-OSI Economics: Christodoulos Patsalides: The Central Bank of Cyprus agenda – strategic vision and priorities

    Source: Bank for International Settlements

    Introduction – Strategic Vision Statement and Elaboration

    Distinguished guests, esteemed colleagues,

    I would like to extend my sincere thanks to the organizers of the 12th Banking Forum and Fintech Expo for bringing us together for this important exchange of ideas and insights.

    It is my privilege to have today the opportunity to present the strategic vision and priorities of the Central Bank of Cyprus. In an ever-evolving global and digital economy, we are committed to leading the way in fostering a resilient, innovative, and sustainable financial sector for Cyprus. Our agenda focuses on embracing digital transformation, ensuring robust governance, addressing societal and environmental challenges, and safeguarding financial stability.

    Today, I will outline our key priorities, including advancements in the digital economy, the evolving role of digital payments, the potential introduction of a digital euro, and the regulatory frameworks that ensure responsible governance and societal considerations in our financial systems. Through these efforts, we aim to strengthen Cyprus’ position as a dynamic player within the European financial landscape.

    Cyprus Economy

    To ground our strategic vision, we must first examine the economic landscape in which the Cyprus economy operates. With its key sectors-ICT (Information Communication Technology), tourism, trade, shipping, and construction-, the economy has demonstrated resilience and adaptability despite the consecutive significant geopolitical challenges, including the ongoing conflicts in Ukraine and the Middle East. In recent years, Cyprus has achieved robust growth rate well above the EU average and maintained a strong fiscal position, consistently posting surpluses that have bolstered public finances. As a result, international rating agencies have upgraded their ratings well within the investment grade, highlighting our sound economic management, fiscal discipline, and reforms in the banking sector.

    Banking Sector in Cyprus

    Building on the strength of our economy is the Cypriot banking sector, which has built up remarkable resilience and robustness despite a series of unprecedented and successive crises in recent years. The sector’s solvency, as indicated by the Common Equity Tier 1 (CET1) ratio, rose to 23,5% in the third quarter of 2024, achieving its highest level on record and significantly surpassing the European average of 16,0%. Additionally, the Liquidity Coverage Ratio (LCR)-a key indicator of credit institutions’ capacity to withstand severe liquidity stress-reached 336% in September 2024. This level exceeds the regulatory minimum of 100% by more than threefold and stands well above the European average of 161,4%. The non-performing loan (NPL) ratio fell to 6,5% in the third quarter of 2024, marking its lowest level since 2014, when the NPL definition was standardized across the European Union.

    However, there is no room for complacency as macroeconomic uncertainty, geopolitical risks, and emerging threats like cyber and climate risks grow. Banks must adapt quickly to identify and address these evolving challenges effectively. Moreover, technological advancements bring about a new landscape in which banks are called upon to compete. The pursuit of an appropriate business model is key.

    Digital Economy and Global Digital Trends

    As we look toward the future, the digital economy emerges as a defining feature of global trends. Technology has the ability to sustain and improve our standards of living and the long-term productivity of our economy. Examples of innovative technologies used in financial services (usually referred to as FinTech) include artificial intelligence, cloud computing, digital wallets, big data analytics and biometrics. These technologies have been applied to improve customer service, automate payments, reengineer business processes, detect suspicious activity, and assist with customer profiling and digital onboarding. However, we are yet to see the realization of potential in other promising new technologies such as distributed ledger technology (DLT), smart contracts and tokenization.

    As technology becomes more widespread in our evolving digital economy, cyber risk and data security continue to be by far the most prominent driver of operational risk for banks. Technological advances with increased sophistication, growing reliance on digital solutions, but also growing capabilities of cyber offenders, have all resulted in enhanced risk exposure for banks, including vulnerability to sophisticated cyber-attacks. Cyber risk is often driven by geopolitical risk, thus raising overall risk to a much higher level. Supervising these risks remains one of our priorities.

    To take full advantage of the potential of innovative technologies responsibly while managing risks, common supervisory and regulatory approaches are essential. The EU has introduced key legislation such as DORA, PSD3, FiDA, MiCAR, and the AI Act, which aim to strengthen financial sector resilience and boost consumer and investor confidence by guiding responsible innovation. Recognizing the evolving market dynamics, the Central Bank of Cyprus has established an Innovation Hub to foster dialogue with fintech stakeholders and support domestic financial innovation.

    Digital Payments in Cyprus

    A key element of the digital economy is the rapid rise of digital payments. We find ourselves in an era where digital transformation is reshaping economies, and Cyprus is no exception. One of the most prominent trends is the proliferation of digital payments, which now capture around 96% of cashless payments. At the same time, preference for cash payments is shrinking, as evidenced by a remarkable decline of 11% since 2022 that placed Cyprus at the top of euro area countries. Cypriots use cards 1,3 times more frequently than their European peers, while our contactless card payments capture more than half of all card payments consistently since 2022. This reflects the readiness of local businesses to accept cards and to opt for terminals that embed Near-Field-Technology. 

    In the same vein, e-commerce exhibits gradual expansion, manifested by online purchases via cards almost doubling over a six-year period to 28% of the total of card payments. It is indeed remarkable that the use of mobile phones for online purchases has almost reached one quarter of the total, outperforming the EU average which stands at 16%.

    As of the 9th of January of this year, instant payments have become a reality for all banking participants. This signifies that account-to-account payments can be effected at the speed that people demand in the digital and social media age: transmission within 10 seconds, with immediate access to funds on a 24/7/365 basis, as opposed to the current 1-2 days waiting time. Consumers and businesses will reap the benefits in the months to come. 

    Electronic Money Institutions & Payments Institutions

    E-money payments are gaining traction, driven by opportunities in fintech, e-commerce, and digital payments. Having licensed 4 electronic money institutions this year, the Central Bank of Cyprus now supervises 27 electronic money institutions and 11 payment institutions. 

    As part of our broader strategic agenda, we are committed to drawing on international experience in supporting the Central Bank of Cyprus in refining its approach for regulating, licencing and supervising Electronic Money Institutions (EMIs) and Payment Institutions (PIs) in Cyprus.

    In December, the CBC, announced the establishment of a comprehensive licensing and supervisory strategy for the sector of these institutions.

    For the development of this strategy, the CBC appointed an international consultancy firm whose experts, in collaboration with CBC staff, conducted an analysis of the sector and its inherent risks.

    The objective of the new strategy is to pursue the prudent and sustainable growth of the sector. Among other measures, the strategy includes:

    • The enhancing and enriching of the licensing processes for institutions applying to participate in the sector.
    • The Strengthening of the supervision of institutions by implementing a risk-based supervisory approach for each institution and enriching supervisory tools. 
    • And the adoption of best practices for the operation of the sector.

    To achieve these objectives, a Division for the Supervision of Electronic Money and Payment Institutions is being established, which will henceforth undertake the prudential supervision of the sector.

    Digital Euro

    Moving on to the digital euro, I will give a brief status update from last year’s forum. As legislative negotiations continue in Brussels, the Eurosystem is progressing through the first part of the preparation phase for the digital euro, focusing on calibrating the holding limits without compromising financial stability or bank intermediation as the banks will retain their role vis-à-vis their customers. The ECB continues to rapport with the market, with specific holding entitlements to be defined later. The rulebook formulation, developed with stakeholder input, will set standards for future digital euro distributors, leveraging existing frameworks for cost efficiency and allowing flexibility for innovation. Consumers and businesses prioritize functionalities like conditional payments and effortless bill-splitting, guiding expectations for future services.

    Moving on to the platform and infrastructure preparations, the ECB is now selecting candidates from its recent application process and plans to enhance engagement with distributors to ensure readiness for the potential issuance and successful distribution of the digital euro, if and when the decision to issue is made.

    Allow me to take a moment to refer to our efforts at raising awareness within our market through various communication channels, targeting the general public, the business community, and financial institutions. Aside from articles that we regularly publish in the press and on professional social networking platforms, we invite various stakeholder groups to the CBC premises. Last July we gave a press conference with Mr Piero Cipollone, member of the Executive Board of the European Central Bank, as keynote speaker. In November we held a focus session with business associations and their members, and in December we presented a thorough status update of the project to the members of our National Payments Committee. Last but not least, the Central Bank of Cyprus participates in panel discussions and presents the digital euro project at various local and international conferences.

    ESG Regulatory Landscape: Governance, Society, and Climate Change

    A. Governance

    As we embrace these innovations, we remain steadfast in our commitment to strong governance. Governance, a core pillar of ESG, is crucial in enhancing transparency, accountability, and ethical standards in financial institutions. Strong governance enables sound lending decisions, reduces conflicts of interest, and ensures compliance with regulations including the updated Directive on Corporate Sustainability and ESG provisions in the recently enacted CRD 6, protecting institutional reputation and minimizing financial risks.

    B. Encompassing Society Considerations in Business Activity: Financial Conduct

    Social factors, including diversity, labour practices, community engagement, and adherence to human rights standards, are also vital for modern credit institutions. Embedding diversity in governance and fair pricing in operations fosters trust among stakeholders, promotes financial inclusion, and enhances institutional resilience, strengthening reputation and market standing.

    C. Climate Change – CBC Initiatives

    The Central Bank of Cyprus actively engages in thematic reviews, stress tests, and in-depth analyses led by the European Central Bank to assess institutions’ preparedness on climate risk and its integration into their strategy, governance, risk management and disclosures. This supervision helps ensure credit institutions speed up their preparations to manage ESG risks while meeting necessary sustainability and resilience standards. Additionally, the smaller institutions, directly supervised by us, were requested to develop implementation plans, with specific milestones, in order to advance the management of climate related risks, in line with the ECB’s 13 supervisory expectations which stipulate how banks should integrate climate and environment risks into their business models and strategies, governance and risk appetite.

    Beyond what is expected from the supervised institutions, the Central Bank of Cyprus has set up internally a Sustainability Team, aiming to support the CBC in addressing climate change in line with its mandate to maintain price stability, safeguard financial stability, supervise banks and support the general economic policy of the State, while also contributing to the target of net zero carbon emissions, and the continuation of strong governance. The recent visit of Mr Frank Elderson, member of the ECB’s Executive Board and Co-Chair of the Task Force on Climate-related Financial Risks of the Basel Committee on Banking Supervision touched upon these issues as well.

    Concluding remarks

    Let me now conclude: the strategic vision of the Central Bank of Cyprus is built on the pursuit of price stability and financial stability in its capacity as the macroprudential authority of the country. By embracing the digital economy, ensuring robust governance, and addressing climate change, we are positioning Cyprus as a forward-looking financial hub in Europe. Together, we will navigate the challenges and opportunities of the future, ensuring stability and prosperity for all.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Economics: Christodoulos Patsalides: Cyprus and the euro area – navigating growth, stability, and opportunities

    Source: Bank for International Settlements

    I would like to thank the Cyprus Shipping Chamber for giving me the opportunity to address this meeting today and discuss key economic developments. My remarks will begin with an overview of Cyprus’ economic performance. I will then discuss the notable progress achieved in the banking sector and underscore the critical role of the shipping industry in driving export revenues. Following this, I will turn to the broader economic outlook for the Euro Area, concluding with insights into the European Central Bank’s latest monetary policy decision on achieving price stability.

    Domestic economic outlook

    The Cypriot economy continues to exhibit robust growth, despite facing persistent external challenges in a turbulent and uncertain global environment. Geopolitical risks, such as the ongoing war in Ukraine, conflicts in the Middle East, and rising international tensions, have elevated economic uncertainty.

    Amidst these conditions, the Cypriot economy has consistently demonstrated remarkable resilience and flexibility. This is clearly reflected in its recent upgrades by credit rating agencies to the “A” category, further cementing its reputation in international financial markets. These upgrades underscore the growing confidence in Cyprus’s fiscal policies and the solid outlook for its economic and banking systems.

    Improved fiscal performance has been a cornerstone of these positive developments. Public debt has been reduced significantly, declining from 114% of GDP in 2020 to 74% in 2023, highlighting disciplined financial management. Projections from the Ministry of Finance indicate that this downward trajectory will continue, with public debt expected to fall below 50% of GDP by 2028. This progress strengthens fiscal sustainability and enhances the country’s ability to respond to future challenges, reflecting a strong commitment to long-term economic stability.

    According to the December 2024 projections of the Central Bank of Cyprus (CBC), economic growth for 2024 is expected to reach 3.7%, significantly higher than the projected Eurozone average of 0.7%. The expansion of productive sectors such as technology, trade, tourism, financial and professional services, shipping, and construction-particularly large private sector infrastructure projects-has been a key driver of growth.

    For the period 2025-2027, GDP is expected to grow by approximately 3% annually, driven primarily by a projected increase in domestic demand and, to a lesser extent, external demand. Domestic demand is expected to be supported by a rise in private consumption due to the increase in real disposable household income and the continued resilience of the labour market. Additionally, domestic demand will benefit from ongoing large-scale private non-residential investments, infrastructure projects aimed at supporting digital and green development, and other reform projects under the Recovery and Resilience Plan.

    Regarding the shipping sector in particular, our small island has a maritime history spanning hundreds of years, and it is rightly is considered as one of the main pillars of the Cypriot economy. The country’s maritime industry considerably contributes directly and indirectly to the country’s GDP. Based on 2023 data, the shipping sector ranks third with a share of 17.2% to the total value of exports of services, after the Information and Communication Technology sector, the financial services and the tourism sectors, with shares of 30.2%, 20.3% and 11,5% respectively. In view of the aforementioned figures, it is evident that the sector managed to stay focused and strong despite the unprecedented challenges faced in the last few years, namely the covid pandemic, the wars in Ukraine and Gaza as well as the tensions in the Red Sea. 

    The strength of the labour market further reinforces this positive narrative. Unemployment has declined to 5% in the first nine months of 2024, compared to 5.8% in 2023. It is projected to remain at 5% for the full year and to fall further to 4.6% by 2027, approaching levels indicative of full employment. These figures compare favourably to the euro area, where unemployment is forecast to stabilize at 6.1% by 2027.

    On the prices front, inflationary pressures have eased significantly, with inflation dropping to 2.2% in the first eleven months of 2024, compared to 4.1% in the same period of 2023. According to the CBC’s December 2024 projections, inflation is expected to stabilize near the 2% medium-term target, reaching 1.9% in 2025, 2.1% in 2026, and 2.0% in 2027.

    The Cyprus banking sector

    The Cyprus banking sector has demonstrated tangible progress and resilience, with key financial metrics reflecting a strong and sound performance. A primary indicator of this strength is the solid improvement in terms of solvency, with the Common Equity Tier 1 (CET1) ratio increasing from 21.5% in December 2023 to 23.5% in September 2024. This increase marks the highest CET1 ratio in the Union, surpassing the EU average of 16.0%.

    Despite the challenges posed by consecutive crises, no tangible signs of credit quality deterioration are observed up to this point. In fact, the Non-Performing Loans (NPL) ratio has continued its positive downward trend. As of September 2024, the NPL ratio stands at 6.5%, a marked improvement from 7.9% in December 2023. This reduction reflects the sector’s ongoing commitment to addressing legacy issues, bolstering the financial health of the asset side of its balance sheet, and reinforcing its capacity to support economic recovery. Yet, there is still some way to go, particularly considering that the average NPL ratio of the EU sector stands as of September 2024 at 1.9%. Furthermore, the improvement within the Cyprus banking sector has not been homogeneous across all institutions, with certain banks lagging behind. These institutions must therefore accelerate their efforts to align with the sector-wide advancements.

    Profitability metrics have been robust, with the Return on Equity (RoE) reaching 23.2% in September 2024 as opposed of 11,1% of the EU average. Operational efficiency has improved as the cost-to-income ratio declined to 35.5%, a notable reduction from previous years and lower than the EU average of 53%.

    Cyprus banks also exhibit some of the highest liquidity standings in the EU, reinforcing their ability to meet potential liquidity demands. The Liquidity Coverage Ratio (LCR), a measure of a bank’s ability to withstand large liquidity outflows under a stressed period, stands as of September 2024 at 336%, compared to the EU average of 161% and minimum requirement of 100%. Furthermore, the Net Stable Funding Ratio (NSFR), which assesses the stability of a bank’s funding base, stands also high at 187%, surpassing both the EU average of 127% and the minimum regulatory requirement of 100%. The Cypriot banking sector is thus well-positioned to face potential market disruptions and continue driving economic stability.

    Through the first 11 months of 2024, Cypriot banks granted €3.3 billion in new loans to households and non-financial corporations (NFCs), surpassing the already high €2.9 billion provided during the same period in 2023. A negative side effect of a strongly liquid banking sector in a small country is the slow adjustment of interest rates in response to ECB monetary policy actions. Banks must exhibit responsible pricing policies in the face of reputation risk and the need to support the competitiveness of the economy.

    Looking to the future, the banking sector faces challenges such as adapting to AI, mitigating cyber risks, addressing geopolitical uncertainties, and transitioning to a greener economy. Tackling these priorities is essential for sustaining the sector’s positive trajectory and remains central to our supervisory agenda.

    Economic Developments in the Euro Area

    The risks to economic growth continue to lean towards the downside. Increased disruptions in global trade may hinder euro area growth by suppressing exports and slowing the global economy. Additionally, reduced confidence could delay the recovery of consumption and investment beyond current expectations. The ECB’s December projections estimate economic growth of 0.7% in 2024, 1.1% in 2025, 1.4% in 2026, and 1.3% in 2027. This recovery is expected to be driven primarily by rising real incomes, which should enable households to boost consumption, alongside increased investment by firms.

    On the price front, euro area inflation rose to 2.4%, in December 2024, up from 2.2% in November, primarily driven by increased energy costs but this was expected due to energy-related upward base effects.

    Despite the upticks in recent months, the disinflation process is well on track. ECB Staff see headline inflation averaging 2.4 per cent in 2024, 2.1 per cent in 2025, 1.9 per cent in 2026 and 2.1 per cent in 2027 when the expanded EU Emissions Trading System becomes operational. Services inflation continues to be sticky at around 4%, largely stemming from the delayed catch-up adjustment of certain services prices to past inflation surges and ongoing wage pressures. At the same time, recent signals point to continued moderation in wage pressures and to the buffering role of profits.

    Inflation is expected to fluctuate around its current level in the near term. It should then settle sustainably at around the two per cent medium-term target. Easing labour cost pressures and the continuing impact of past monetary policy tightening on consumer prices should help this process. Most measures of longer-term inflation expectations continue to stand at around 2 per cent.

    ECB Monetary Policy

    Based on our updated assessment of the inflation outlook, underlying inflation dynamics, and the effectiveness of monetary policy transmission, we decided at our January Governing Council meeting to further reduce the three key ECB interest rates by 25 basis points. This adjustment brought the deposit facility rate-the primary tool for steering our monetary policy stance-to 2.75%

    Overall, the euro area’s economic environment remains intricate, with the risks to economic growth tilted to the downside and with both upside and downside risks to inflation present. The ECB continues to navigate these challenges through measured, careful adjustments in its monetary policy stance. Growth is a factor influencing inflation dynamics. It is crucial to ensure that the economy does not grow too slowly, as this could lead to inflation stabilizing below the target. As we move forward, in the current environment of elevated uncertainty stemming from potential global trade frictions and geopolitical tensions, the ECB’s prudent data-dependent meeting by meeting approach shall continue to be important in addressing the evolving economic conditions within the euro area to ensure the timely return to the inflation target in a sustainable manner. The ECB is not pre-committing to a particular rate path.

    Conclusion

    Let me now conclude: the Cypriot economy has shown resilience and adaptability, supported by strong performance, prudent fiscal policies, and a stable financial system, with key contributions from banking and shipping. As one of the pillars of our economy, the shipping sector continues to demonstrate global competitiveness and innovation, further strengthening Cyprus’s position as a leading maritime hub. Looking ahead, challenges like climate change and geopolitical risks demand strategic foresight, but Cyprus is well-prepared to sustain growth.

    At the Euro Area level, the economic outlook balances risks and opportunities, with the ECB ensuring price stability and sustainable growth through proactive, data-driven policies. By remaining data-driven and proactive, we can ensure that the monetary framework across the region remains resilient and responsive to evolving global dynamics.

    Thank you.

    MIL OSI Economics –

    February 18, 2025
  • MIL-OSI Global: Canadian immigrants are overqualified and underemployed — reforms must address this

    Source: The Conversation – Canada – By Marshia Akbar, Director of the BMO Newcomer Workforce Integration Lab and Research Lead on Labour Migration at the CERC Migration and Integration Program at TMU, Toronto Metropolitan University

    Canada’s labour market struggles are not caused by the number of newcomers, but by systemic issues such as underemployment and skills-job mismatches. (Shutterstock)

    Recent immigration reforms in Canada have cut international student and temporary resident numbers, restricted work permits for them and their spouses and aim to reduce permanent resident admissions by 21 per cent in 2025, with further cuts ahead.

    Such changes are aimed to avoid competition with local unemployed Canadians at a time of rising unemployment. However, these changes may eventually intensify dysfunctions in the Canadian labour market.

    With an overall unemployment rate of 6.6 per cent and a youth unemployment rate of 13.6 per cent alongside a worsening housing crisis, these policies reflect growing pressures.

    However, blaming newcomers — particularly international students and their spouses — for job shortages overlooks deeper structural issues in the labour market. Canada’s labour market struggles are not caused by the number of newcomers, but by systemic issues such as underemployment and skills-job mismatches.

    Unemployment and underemployment

    While rising unemployment is affecting everyone, newcomers have been hit especially hard. In 2024, the unemployment rate for immigrants hit 11 per cent — more than double the 5.6 per cent rate for Canadian-born workers.

    Underemployment is also a persistent issue for immigrants. In 2021, only 44 per cent of immigrants who had arrived in Canada within the previous decade were employed in jobs matching their education level, compared to 64 per cent of Canadian-born workers aged 25 to 34.

    The over-education rate — the proportion of university graduates working in jobs for which they are over-qualified despite holding a bachelor’s degree or higher — was 26.7 per cent for immigrants, more than double the 10.9 per cent rate for Canadian-born workers in 2021.

    Immigrants, particularly those with foreign credentials, are significantly more likely to experience these job-education mismatches compared to Canadian-born workers.

    Approximately two thirds of recent immigrants held a degree from a foreign institution. The over-education rate for these immigrants was 24 per cent higher than that of younger Canadian-born workers.

    Under-employment experienced by many newcomers is largely driven by employers favouring Canadian experience — despite such preferences being illegal in Ontario — and relying on referral networks, which often disadvantage newcomers.

    Hiring managers frequently undervalue international credentials, even when assessed by organizations like World Education Services. Many employers struggle to assess foreign work experience. Some also perceive a lack of familiarity with Canadian workplace norms as a hiring risk.

    Ultimately, hiring managers tend to choose the less risky option, as a bad hire can reflect poorly on them. An exceptional hire, on the other hand, doesn’t necessarily bring them equivalent rewards.

    International experience is undervalued

    International graduates with Canadian degrees generally achieve better labour market outcomes than those educated entirely overseas, experiencing higher earnings and improved job matches.

    However, many still face significant barriers, primarily due to employers’ preference for specific Canadian experience and biases in assessing their skills.

    Although many international students (277,400 in 2018) gain Canadian work experience during their studies and develop soft skills — often in low-paying, customer-facing roles such as accommodation and food services, retail, hospitality or tourism — this experience is often dismissed as irrelevant to professional roles.

    This creates a paradox: employers require Canadian experience for entry-level positions in their field, yet without prior experience, graduates struggle to get hired in the first place.

    In addition, employers often lack clarity about international graduates’ visa statuses, work permit durations and future stays in Canada. Constantly changing policies exacerbate this confusion, deterring employers from hiring.

    A path forward

    Canada’s long-term competitiveness is hindered not by immigration, but by systemic labour market discrimination and inefficiencies that prevent skilled newcomers from fully contributing to the economy.

    Eliminating biases related to Canadian work experience and soft skills is key to ensuring newcomers can find fair work. The lack of recognition of foreign talent has a detrimental effect on the Canadian economy by under-utilizing valuable human capital.

    To build a more inclusive labour market, a credential recognition system should support employers in assessing transferable skills and experience to mitigate perceived hiring risks related to immigrants.

    For international students, enhanced career services at educational institutions are critical. Strengthening partnerships between universities, colleges and employers can expand internships, co-op placements and mentorship programs, providing students with relevant Canadian work experience before graduation.

    Such collaboration is also key to implementing employer education initiatives that address misconceptions about hiring international graduates and highlight their contributions to the workforce.

    Artificial Intelligence (AI) can also play a role in reducing hiring biases and improving job matching for new immigrants and international graduates. Our recent report, which gathered insight from civil society, the private sector and academia, highlights the following AI-driven solutions:

    • Tools like Toronto Metropolitan University’s AI resume builder, Mogul AI, and Knockri can help match skills to roles, neutralize hiring bias and promote equity.

    • Wage subsidies and AI tools can encourage equitable hiring, while AI-powered programs can help human resources recognize and reduce biases.

    • Tools like the Toronto Region Immigrant Employment Council Mentoring Partnership, can connect newcomers with mentors, track their skills and match them to employer needs.

    Harnessing AI-driven solutions, alongside policy reforms and stronger employer engagement, can help break down hiring barriers so Canada can fully benefit from the skills and expertise of its immigrant workforce.

    Marshia Akbar receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC).

    Anna Triandafyllidou receives funding from the Social Sciences and Humanities Research Council of Canada (SSHRC), the Tri-Agency of Research Councils, Canada and Horizon Europe framework program of the European Commission.

    – ref. Canadian immigrants are overqualified and underemployed — reforms must address this – https://theconversation.com/canadian-immigrants-are-overqualified-and-underemployed-reforms-must-address-this-247974

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI Global: Namibia’s Shark Island: Europe’s push for green hydrogen risks compromising sites of colonial genocide

    Source: The Conversation – Canada – By Rosanna Carver, Postdoctoral Research Fellow, University of Victoria

    An aerial view of Shark Island and the town of Lüderitz in Namibia. (Black Court Studios)

    In September 2025, Namibia will host the Global African Hydrogen Summit. The Namibian government has ambitions to turn the country into a leading producer of green hydrogen for export to markets in Europe and elsewhere. However, the lands and waters now regarded as being essential to Europe’s energy transition are tied to traumatic memories of colonial violence; especially the ocean, which is the final resting place for thousands of Namibians.

    As countries around the world transition to renewable energy, an inconspicuous peninsula in Namibia known as Shark Island is positioned to play a key role in the production of so-called “green” hydrogen, which is a proposed alternative to fossil fuels.

    However, the peninsula and its waters are at risk of being compromised by proposed port expansions to support the transportation of green hydrogen. Shark Island, near the town of Lüderitz, is now a campsite for tourists.

    But Shark Island is also called Death Island, and it was a concentration camp and a site of genocide during German colonial rule from 1884 to 1915. The concentration camp has since been destroyed, leaving little evidence of the violence that occurred there. However, recent international investigations highlight what many Namibians have known and worked on for generations.

    Germany’s colonization and genocide

    In 1884, German colonizer Adolf Lüderitz annexed Namibia, intending to finance colonial rule through minerals. Between 1904 and 1908, German colonial forces killed approximately 100,000 people (80 per cent of the Herero and half of the Nama population). The genocide also affected the ǂNukhoen and the ǂAonin communities.

    During the genocide, those who were not immediately killed were sent to concentration camps, where they were forced to perform manual labour, such as working on railways and harbours. This occurred across Namibia, including on the coast: in Swakopmund and Lüderitz alone, more than 1,550 Nama died.

    The research agency Forensic Architecture has digitally reconstructed the camps and identified evidence of burial places. On Shark Island, they demonstrate that the port expansion “poses further imminent risk to the site.”

    Attention has been given to the land-based component of green hydrogen projects including the multinational joint venture, Hyphen Energy. But the ocean, which Namibia’s development projects also interact with, is often overlooked as a space of memory, justice and relations. This is in part due to colonial and apartheid histories that erased or excluded people from the coasts and oceans.

    During colonial rule, German colonizers incarcerated Namibians offshore aboard ships. They also threw the bodies of those who had died in the concentration camp into the ocean. The local saying “the sea will take you” highlights how the ocean is involuntarily tied to memories of death and trauma.

    Namibians have not forgotten the violence that occurred on the land and at sea. Local groups are restoring grave sites and establishing memorials. The discussion of recognition, justice and equitable rights and access to the coast and ocean are important for Namibia’s communities and the decedents of those killed during the genocide.

    Waves of energy colonialism

    Green hydrogen has a central role in global decarbonization ambitions. Namibia is considered an “export production site” for Europe’s future hydrogen economy. This is due to its solar and wind potential, and access to the ocean.

    Hydrogen can only be produced in Namibia if the infrastructure exists to enable it. For example, hydrogen requires the industrial and transportation infrastructure to get it to international markets. To meet these demands, the Namibian Ports Authroity is proposing port expansions in the city of Walvis Bay and Lüderitz, where expansion could have implications for Shark Island and its waters.

    Campaigners in Namibia are demanding the government and industry halt the expansion plans on Shark Island, and meaningfully engage with reconciliation. Among them is the Windhoek-based Black Court Studio, where Natache Iilonga, co-author of this article, is the creative director.

    These proposed developments signal the continued European dominance in Namibia’s blue and green economy projects. They enable energy colonialism, where the push for green energy continues colonial injustices. European countries and industry perpetuate ecological, social and cultural harm to satisfy their own climate change agendas.

    Projects and partnerships between Namibia and European countries like Germany are emblematic of (neo)colonial power relations. While these projects propose to foster co-operation, they also continue to dispossess communities from their lands and waters, and erase environmental and cultural relations.

    Through “development assistance,” the German government and non-governmental organizations continue to influence economic projects in Namibia, while avoiding discussion of meaningful reparations for colonial crimes.




    Read more:
    Germany’s genocide in Namibia: deal between the two governments falls short of delivering justice


    The land and ocean are not merely passive witnesses to colonial violence. Black Court Studio incorporates the ocean as a dynamic participant in the conversation about these violent histories, and justice and healing. Through community exercises and counter-mapping, the studio explores people’s socio-cultural relations with the ocean.

    Together, the studio’s interventions are beginning to resituate previously erased and forgotten connections with Shark Island. This work also highlights cultural and spiritual relations with the ocean that persist despite this dispossession.

    Namibia’s ocean and coasts are not empty spaces to be exploited for the benefit of Europe’s energy future. A deeper understanding of histories, and present day connections, provide lessons for meaningful reconciliation.

    Natache Iilonga is a practicing architect with Iilonga Architects Inc and the co-founder of Black Court Studios Namibia.

    Rosanna Carver 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. Namibia’s Shark Island: Europe’s push for green hydrogen risks compromising sites of colonial genocide – https://theconversation.com/namibias-shark-island-europes-push-for-green-hydrogen-risks-compromising-sites-of-colonial-genocide-239549

    MIL OSI – Global Reports –

    February 18, 2025
  • MIL-OSI Asia-Pac: February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available

    Source: Hong Kong Government special administrative region

    February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available
    February 2025 issue of “Hong Kong Monthly Digest of Statistics” now available
    ***************************************************************************************

         The Census and Statistics Department (C&SD) published today (February 17) the February 2025 issue of the “Hong Kong Monthly Digest of Statistics” (HKMDS).      Apart from providing up-to-date statistics, this issue also contains a feature article entitled “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023”. Statistics presented in the “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023” article are based on the data source from the Statistics Section of the Transport Department. “Road Traffic Accident Statistics in Hong Kong, 2014 to 2023”      There were 17 189 road traffic accidents in Hong Kong in 2023, involving 22 269 casualties and 28 808 vehicles. This feature article analyses the road traffic accidents and the characteristics of casualties and vehicles involved in these accidents from 2014 to 2023.      For enquiries about this feature article, please contact the Statistics Section of the Transport Department (Tel: 3842 6067; email: rssd@td.gov.hk).      Published in bilingual form, the HKMDS is a compact volume of official statistics containing about 130 tables. It collects up-to-date statistical series on various aspects of the social and economic situation of Hong Kong. Topics include population; labour; external trade; National Income and Balance of Payments; prices; business performance; energy; housing and property; government accounts, finance and insurance; and transport, communications and tourism. For selected key statistical items, over 20 charts depicting the annual trend in the past decade and quarterly or monthly trend in the recent two years are also available. Users can download the Digest at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1010002&scode=460).      Enquiries about the contents of the Digest can be directed to the Statistical Information Dissemination Section (1) of the C&SD (Tel: 2582 4738; email: gen-enquiry@censtatd.gov.hk).

     
    Ends/Monday, February 17, 2025Issued at HKT 16:30

    NNNN

    MIL OSI Asia Pacific News –

    February 18, 2025
  • MIL-OSI United Kingdom: Regional growth and regeneration to be sparked by cash boost for Wales’ critical culture projects

    Source: United Kingdom – Executive Government & Departments

    The funding is the latest step in the Plan for Change to deliver economic growth across the country 

    £15 million confirmed for Wales cultural projects in the latest step to deliver economic growth across the country.

    • Growth in jobs, tourism and regional regeneration to be ushered in by funding for major cultural projects in Wales
    • Welsh projects part  of several across UK set to receive millions in funding to help kickstart decade of national renewal
    • Funding is the latest step in the Plan for Change to deliver economic growth across the country

    Regional growth regeneration will get a much-needed boost as two major culture projects across Wales will receive £15 million funding to help boost growth and spark regional regeneration, the government confirmed today (17 February). 

    Funding will be ‘critical’ in showcasing the UK as a world-leader in culture and bring in visitors from across the globe.  

    Just as importantly this will help drive growth in all parts of the country – a key element of the government’s Plan for Change – by creating jobs and in some cases building new homes.  

    Projects in Wales receiving funding include:   

    • £10 million for Venue Cymru in Conwy, Wales, will upgrade the largest Welsh arts centre outside Cardiff and deliver a step-change in the use of the building, including the relocation of the existing library and Tourist Information Centre to create a modern and innovative cultural hub.  
    • £5 million for Newport Transporter Bridge, Wales, that will fund vital repair and maintenance works to Newport Transporter Bridge, which plays a crucial role in the tourism economy as a visitor attraction in South Wales. 

    Deputy Prime Minister Angela Rayner said:   

    Every corner of the UK has something unique to offer, and our rich creative capital must not be underestimated.   

    Our Plan for Change promises growth for every region and I’ve seen first-hand how these projects are igniting growth in their communities.  

    Through investing in these critical cultural projects we can empower both local leaders and people to really tap into their potential and celebrate everything their home town has to offer. This means more tourism, more growth and more money in people’s pockets.”  

    Alex Norris, Minster for Local Growth said:   

    The benefits of these fantastic projects go far beyond community and county borders, they are key to unlocking a regional and nationwide celebration of UK culture and creativity as well as driving growth and regeneration.   

    This investment marks a huge step forward in our decade of national renewal as committed to in our Plan for Change – creating jobs and boosting tourism and regeneration in our regions is the type of long-term, sustainable growth the government is prioritising to ultimately put more money in people’s pockets.”  

    Secretary of State for Wales Jo Stevens said: 

    Venue Cymru and the Newport Transporter Bridge are iconic landmarks in their local communities, and I am delighted that this UK Government funding will be used to boost Wales’ already world-leading tourism and culture sectors.  

    Our investment in these two fantastic projects is an example of how our Plan for Change will lead to a decade of national renewal for people the length and breadth of Wales. This is a UK Government that is delivering regeneration and economic growth for every community.” 

    These projects will celebrate and raise awareness of the unique social value and cultural history of Wales while also supporting crucial economic growth through creating local jobs and attracting tourism on a national scale.   

    Projects that are most advanced and will see benefits spread beyond regional borders and attract investment have been prioritised to maximise public spending and deliver long-term growth.

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    Published 17 February 2025

    MIL OSI United Kingdom –

    February 17, 2025
  • MIL-OSI China: New York stages 27th Lunar New Year parade in Chinatown

    Source: China State Council Information Office 3

    The 27th Lunar New Year parade and festival returned to Chinatown in Lower Manhattan, New York City, on Sunday despite unusual downpours.

    The rain didn’t dampen the high spirits of the celebration’s participants, who enjoyed a display of floats, bands and performances like dragon and lion dances. Thousands of people from far and near lined up the streets in Chinatown and they also had a chance to patronize booths and restaurants in the area.

    Huang Shanren, a calligraphist originally from southeast China’s Fuzhou city joined the parade, holding his calligraphy work — a big-sized golden character “Fu” which means good fortune in Chinese — on red paper.

    Chinese “Fu” culture has a history of thousands of years and there’s a need to carry it on, said Huang.

    The lanterns hung over the streets in Chinatown make people recognize the area easily and the decorations are really interesting, British tourist Louise Phosie told Xinhua. She said that she got to know the parade from a YouTube video and wanted to see traditional Chinese symbolisms like the dragon and the dressing up.

    “Though it’s raining, I heard rain promises a good harvest,” said Anne, a New Yorker from Brooklyn, expressing her hope for a prosperous year in 2025.

    The celebrations also had the presence of guests like Senator of New York and Senate Minority Leader Chuck Schumer, Manhattan District Attorney Alvin Bragg and Chinese Consul General in New York Chen Li.

    The annual event has become a cultural attraction that helps bring foot traffic and business to Chinatown. 

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI New Zealand: Govt funding for biodiversity an embarrassment

    Source: Green Party

    The Government’s newly announced funding for biodiversity and tourism of $30-million over three years is a small fraction of what is required for conservation in this country.

    “Touting this funding announcement as a win for biodiversity is frankly embarrassing, given the deep cuts made to conservation last year,” says the Green Party spokesperson for Conservation, Marama Davidson.

    “We can and must do more to protect biodiversity in our country by adequately funding conservation programmes through comprehensive, government-backed stewardship.

    “This new funding is a mere drop in the bucket compared to what the Government’s own officials have told it is required for conservation – it also does very little to make up for the huge shortfalls the Department of Conservation is facing.

    “The Department of Conservation manages a third of our country’s land.  Officials say that they are $25 million a year short just to maintain their assets, and yet last year they had another $31 million a year cut from its budget by this ideologically driven Government with its relentless push to reduce public spending – regardless of the consequences.

    “Unfortunately we have seen this Government repeatedly undermine Aotearoa New Zealand’s conservation priorities in favour of commercial interests, despite full knowledge of the challenge we as a country face to protect our biodiversity.

    “Cuts by this Government are dismantling environmental agencies, including the Ministry for the Environment, and the Climate Change Commission, all the while eroding science capability across the public service. 

    “When the Green Party was last in government, we oversaw the largest funding injection for conservation in over a decade. Let’s fully resource DOC and environmental bodies so future generations can enjoy Te Taiao” says Marama Davidson.

    MIL OSI New Zealand News –

    February 17, 2025
  • MIL-OSI China: US tourists begins first-ever themed tour to China’s GBA

    Source: China State Council Information Office 2

    A group of U.S. tourists departed on Sunday on a first-ever themed trip to China’s Guangdong-Hong Kong-Macao Greater Bay Area (GBA).
    Designed to offer American tourists an immersive experience of a technologically advanced, safe, open and vibrant China, the tour to Beijing, Macao, Hong Kong and Shenzhen was the first GBA-themed trip organized by the China National Tourist Office and the U.S. Tour Operators Association.
    Byron Lorenz, one of the travelers, told Xinhua that this was his first visit to China. “We’re going to four different places in China. I am looking forward to enjoying the Chinese culture, exploring local tours, and doing some shopping.”
    He believes that traveling in person, rather than relying on books or videos, provides a deeper understanding of the culture and environment. “It definitely allows you to understand the culture more.”
    In December last year, China announced a significant relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travelers from the original 72 and 144 hours to 240 hours, or 10 days.
    Following the first GBA tour from Los Angeles, more travel routes to China will be organized in collaboration with American travel agencies, according to Air China North America.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI New Zealand: $30 million to support conservation tourism

    Source: New Zealand Government

    The Government is investing $30 million from the International Visitor Conservation and Tourism Levy to fund more than a dozen projects to boost biodiversity and the tourist economy, Conservation Minister Tama Potaka says.

    “Tourism is a key economic driver, and nature is our biggest draw card for international tourists,” says Mr Potaka.

    “Improving tourism infrastructure is good for the economy, and investing in conservation tourism is a win win.

    “Around 50 per cent of visitors cite natural landscapes and environment as their primary reason for traveling, and about 50 per cent of international tourists visit national parks.

    “While visitor satisfaction remains high, work is needed to ensure Aotearoa New Zealand continues to deliver on its promise to visitors.”

    To manage pressures at Aotearoa New Zealand’s most popular visitor sites, the Government is investing $11 million including:

    • Upgrades to huts, car parks and facilities at Aoraki Mt Cook, Rangitoto Island and Motutapu Island
    • Safety upgrades to 116 cable structures including suspension and swing bridges
    • Investment at Goat Island / Te Hāwere a Maki to improve beach access, carparking, and reflect the area’s significant cultural heritage.

    “These investments will help deliver a top-notch visitor experience at some of our most popular natural heritage sites.

    “Some will complement the Hauraki Gulf Bill that will deliver the highest ever level of environmental protection for this precious moana when it passes later this year.

    “New Zealand’s first marine reserve, Goat Island / Te Hāwere a Maki (Cape Rodney – Ōkakari Point), will be 50 years old later this year. It is among the top 10 most visited natural heritage areas with 350,000 visitors per year and has real potential for improved visitor experiences,” says Mr Potaka.

    “The benefits this will bring to the shops in Leigh, Matakana, and the surrounding area can be substantial.

    “Today’s announcement follows the Government’s launching of a new campaign to gear-up tourism for 2025 by encouraging Australians to pick New Zealand for their next holiday. We are also supporting the continued development of Māori tourism, which now contributes more than $1 billion a year to New Zealand’s economic growth,” Mr Potaka says.

    The Government is investing $19 million from the IVL into protecting biodiversity by reducing the spread of predators and invasive plant species. Investments include:

    • Stopping the spread of wallabies and managing deer and goat populations in National Parks and popular visitor areas to allow nature to thrive
    • Targeted predator control to protect native species especially the critically endangered Southern Dotterel birds in Rakiura National Park
    • Stopping and removing wilding pines from our iconic landscapes.

    “By expanding predator control, we will improve the protection of critically endangered species in national parks and grow the number of iconic birds for visitors to enjoy.

    “Wallabies have a terrible impact on indigenous forests such as at the popular Lakes Tarawera and Okataina, and down in Canterbury.

    “These investments funded from the International Visitor Conservation and Tourism Levy will deliver better visitor experiences and improved environmental outcomes and ultimately provide a boost for sustainable tourism and growth,” Mr Potaka says.

    The funding covers work across the next three years and comes from money raised under the previous $35 IVL rate.

    MIL OSI New Zealand News –

    February 17, 2025
  • MIL-OSI New Zealand: Deputy PM to visit Middle East and North Asia

    Source: New Zealand Government

    Deputy Prime Minister Winston Peters will travel to Saudi Arabia, the United Arab Emirates, China, Mongolia, and the Republic of Korea later this week.

    “New Zealand enjoys long-standing and valued relationships with Saudi Arabia and the UAE, both highly influential actors in their region. The visit will focus on building on economic growth opportunities, as well as discussing Middle East issues,” Mr Peters says.

    In Riyadh, Mr Peters will also attend the 2025 Saudi Cup – one of the world’s richest horse race meetings, where he will meet with potential investors in the New Zealand racing sector. 

    He will also attend Kiwi boxer Joseph Parker’s world heavyweight IBF title challenge against Briton Daniel Dubois, with the bout attracting global attention. 

    “Saudi Arabia is expanding investment in foreign bloodstock markets, and we will explore interest in New Zealand which could have significant growth potential for our racing sector.

    “And Joseph Parker’s world heavyweight title bout is a unique opportunity to capitalise on promoting New Zealand in the sporting and commercial sectors in the Middle East,” Mr Peters says.

    In Beijing, Mr Peters will hold talks with senior Chinese leaders, including Foreign Minister Wang Yi.This will continue a personal connection with China by Mr Peters spanning four decades.

    “China is one of New Zealand’s most significant and complex relationships, encompassing important trade, people-to-people, and cultural connections. We intend to maintain regular high-level political dialogue with China,” Mr Peters says. 

    “We will discuss the bilateral relationship, as well as Pacific, regional, and global issues of interest to both countries.”

    Mr Peters will then travel on to Ulaanbaatar, where he will discuss areas of cooperation in agriculture and tourism, as well as mark the 50th anniversary of New Zealand’s diplomatic relations with Mongolia. 

    Mr Peters will also visit Seoul to meet Korean Foreign Minister Cho Tae-yul and look at economic opportunities for New Zealand.

    Mr Peters departs New Zealand on 20 February and returns on 2 March.

    MIL OSI New Zealand News –

    February 17, 2025
  • MIL-OSI China: Surge in cross-border travel for Chinese New Year holiday

    Source: China State Council Information Office

    A French couple Tristan and Anouk Masselin visit Yuyuan Garden area in east China’s Shanghai, Feb. 1, 2025. [Photo/Xinhua]

    Cross-border tourism has emerged as a driving force for the Spring Festival travel market in the Year of the Snake, thanks to expanded visa-free policies, said travel agencies and experts.

    A Trip.com report revealed that overall cross-border travel orders increased by 30 percent compared to last year, with a staggering 180 percent growth in inbound ticket orders and over 60 percent growth in inbound hotel bookings.

    Data from another travel portal Qunar show that during the Spring Festival period, the number of non-Chinese passport holders booking domestic flights increased by 70 percent compared to last year, with more foreigners exploring second and third-tier cities.

    This trend is further confirmed in a set of data released by Hainan Airlines. During the Spring Festival holiday period (Jan 28 — Feb 4), Hainan Airlines transported over 20,000 visits of foreign passengers.

    While many foreigners traveled to China, a significant number of Chinese people chose to celebrate the Chinese New Year overseas.

    Data from Trip.com reveal that short-haul outbound trips to Japan doubled compared to last year’s Spring Festival. Long-haul destinations like the United States, Spain, Italy and France also saw a surge in popularity, with increases of 53 percent, 82 percent, 56 percent and 50 percent, respectively.

    Looking at bookings on Qunar, Chinese tourists’ footprints spanned over 2,100 overseas cities this Spring Festival, marking a 50 percent increase from last year.

    Shanghai residents were truly global holidaymakers, with the highest total number of outbound flight tickets purchased during the Spring Festival period among all Chinese cities, showing a 57 percent year-on-year increase.

    Notably, as more countries offer visa exemptions and decrease in airfare and hotel prices for outbound travel, coupled with the increasing number of new flight routes, it means that more residents of smaller cities are able to more easily experience the joy of celebrating the Chinese New Year abroad.

    “Residents of third-tier and below cities accounted for over 30 percent of the total outbound flight ticket purchases during Spring Festival, more than doubling compared to last year. Cities with the highest growth rates include Zhangjiakou in Hebei province, Binzhou in Shandong province, Ordos in Inner Mongolia autonomous region, and Yangjiang in Guangdong province, with their residents booking increasing more than twice on a year-on-year basis during Spring Festival,” said Xiao Peng, a researcher at Qunar.

    “Overall, Thailand remains a top choice for many Chinese travelers during Spring Festival,” said Cai Muzi, a researcher at Qunar’s big data research institute, citing its proximity, visa-free access, affordability and pleasant weather. However, Japan’s popularity surged, overtaking Thailand as the most popular outbound destination during Spring Festival this year.

    As Chinese travelers become more experienced with outbound travel, their overseas travel methods have diversified. Trip.com’s overseas platform shows a 42 percent increase in overseas car rental orders compared to last year, and a significant 20 percent growth in overseas chartered tours during Spring Festival.

    The platform also saw a record high in overseas transfers to airport hauling service orders during the Spring Festival holiday, with a 58 percent year-on-year increase in transaction value. Notably, Japan, South Korea and Thailand experienced even more significant growth during Spring Festival, with Japan’s gross merchandise volume increasing by 120 percent compared to 2024.

    Zhou Huijie, a researcher with Trip.com, said that the influx of international travelers visiting China for the Chinese New Year and the trendy topics of “UNESCO intangible cultural heritage Spring Festival” on global social media platforms have elevated the Chinese New Year experience, with Chinese people traveling abroad and foreigners coming to China to celebrate the festival.

    In addition to popular inbound tourism cities like Beijing, Shanghai, Guangzhou and Shenzhen, destinations rich in intangible cultural heritage such as Shijiazhuang, Fuzhou and Xi’an saw respective increases of 50 percent, 52 percent and 97 percent in inbound travel orders compared to last year’s Spring Festival.

    MIL OSI China News –

    February 17, 2025
  • MIL-OSI Asia-Pac: New Kashmir is no longer a story of conflict, but a story of trust being restored, faith being rewarded, says Vice-President

    Source: Government of India (2)

    New Kashmir is no longer a story of conflict, but a story of trust being restored, faith being rewarded, says Vice-President

    Highest voter turnout in 35 years during the 2024 Lok Sabha polls in J&K reflects democracy’s true resonance, says Vice-President

    The region is a confluence of confidence and capital, says VP

    Abrogation of Article 370 gave wings to the aspirations of generations, says VP

    Dr. B.R. Ambedkar refused to draft Article 370; Sardar Patel integrated most princely states but not Jammu & Kashmir, says VP

    Investment proposals worth ₹65,000 crores received in Jammu & Kashmir signal a new era of progress, says VP

    VP Addresses the 10th Convocation of Shri Mata Vaishno Devi University in Katra

    Posted On: 15 FEB 2025 2:02PM by PIB Delhi

    The Vice-President of India, Shri Jagdeep Dhankhar today said, “Jammu and Kashmir, which had the highest voter turnout in 35 years during the 2024 Lok Sabha polls, witnessed a 30-point increase in participation in the Kashmir Valley. Democracy has found its real voice, its real resonance. The region is no longer a story of conflict; Every investment proposal in New Kashmir isn’t just about capital, it’s about trust being restored, faith being rewarded.
    The change is not imperceptible; it is perceptible. Perception has changed, ground reality is changing, hopes of the people are soaring”, he stated.

    Jammu and Kashmir had the highest voter turnout in 35 years during the 2024 Lok Sabha polls, with a 30-point increase in Kashmir Valley participation.

    Democracy has found its real voice, its real resonance!

    The heaven on earth is now a hope and prosperity hub. It is a global… pic.twitter.com/nF0miO4FdV

    — Vice-President of India (@VPIndia) February 15, 2025

    Addressing the gathering at the 10th Convocation Ceremony of Shri Mata Vaishno Devi University (SMVDU), Katra, Jammu &Kashmir today, Shri Dhankhar said, “In just two years, Jammu and Kashmir received investment proposals worth ₹65,000 crores, signaling strong economic interest in the region. For the first time since 2019, Foreign Direct Investment (FDI) has entered Jammu and Kashmir, with multiple international companies showing interest. The region is a confluence of confidence and capital,” he stated.

    “The aspirations of generations found wings when the constitutional walls of separation crumbled in 2019 with the historic abrogation of Article 370. To the young minds present, I would like to emphasize that Article 370 was a temporary provision. Dr. B.R. Ambedkar, the architect of the Indian Constitution, refused to draft it. Sardar Patel, who integrated most princely states into the Indian Union, was unable to integrate Jammu & Kashmir. In 2019, a new journey began on this sacred land—one from isolation to integration,” said Shri Dhankhar.

    The aspirations of generations found wings when the constitutional walls of separation crumbled in 2019 with the historic abrogation of Article 370! In the sacred land of Mata Vaishno Devi, a new pilgrimage began: the journey from isolation to integration. #Article370 was a… pic.twitter.com/YevqyvtpCr

    — Vice-President of India (@VPIndia) February 15, 2025

    He further said, “In 2023, over 2 crore tourists visited Jammu and Kashmir, giving a tremendous boost to the local economy. What was once called heaven on earth is now a symbol of hope and prosperity,” said the Vice-President.

    The Vice-President further said, “A great son of the soil once voiced the demand for ‘Ek Desh Mein Ek Nishan, Ek Vidhan, Ek Pradhan.’ That dream has been accomplished. Where there was once disorder, we now witness real order and stability.”

    “Nationalism is our identity. It is our supreme duty to always prioritize national interest above everything else. No political or personal interest is greater than the interest of the nation,” he urged.

    You are the most vital stakeholders of democracy.

    I quote Rabindranath Tagore, who envisioned what Bharat should be:

    “Where the mind is without fear,
    And the head is held high…”

    We missed this ecosystem for a very long time. But now, boys and girls, you are living in times… pic.twitter.com/9ALKz72RVd

    — Vice-President of India (@VPIndia) February 15, 2025

    Highlighting the importance of duties, the Vice President said, “Every individual has certain duties. Our culture teaches us what our duties are. We must discharge our civic duties diligently, and when we do so, the results will be remarkable. We must march ahead, fast-tracking our journey toward a developed Bharat. One significant step in this direction is the transformation from the Danda Vidhan to the Nyaya Vidhan—unshackling the colonial mindset.”

    “You are living in a confident and resilient India. Today, Bharat is being celebrated globally as a favorite destination for investment and opportunity. Never before in our history since independence has the voice of an Indian Prime Minister been so resonant with global leaders,” he added.

    I first came to Jammu and Kashmir in early 80s, when I visited Gulmarg, Sonamarg and other places along with my family.

    The second visit was a very painful experience. I was elected to Parliament in 1989. I came to Srinagar as a Member of the Council of Ministers. We did not see… pic.twitter.com/PTWGAMHrs0

    — Vice-President of India (@VPIndia) February 15, 2025

    He emphasized that the transformation in Jammu & Kashmir is not just a regional phenomenon but a significant part of India’s national renaissance.

    “The winds of change have brought peace and progress. Let us be the architects of a new dawn for Jammu & Kashmir and for Bharat,” he concluded.

    Shri Manoj Sinha, Lieutenant Governor of UT of J&K, Shri Omar Abdullah, Chief Minister of UT of J&K, Smt. Sakeena Masood, Minister of Education UT of J&K and other dignitaries were also present on the occasion.

    ****

    JK

    (Release ID: 2103492) Visitor Counter : 71

    MIL OSI Asia Pacific News –

    February 17, 2025
  • MIL-OSI Asia-Pac: Principal Scientific Adviser to GoI, Prof. Ajay Sood inaugurates RuTAGe Smart Village Center to drive Rural Innovation and sustainable solutions

    Source: Government of India (2)

    Principal Scientific Adviser to GoI, Prof. Ajay Sood inaugurates RuTAGe Smart Village Center to drive Rural Innovation and sustainable solutions

    RuTAGe Smart Village Center (RSVC) launched in Mandaura, Haryana: A Landmark Initiative to Transform Rural India with Integrated Technologies

    Mandaura Village becomes hub for Rural Technological innovations with launch of RuTAGe Smart Village Center

    Posted On: 15 FEB 2025 1:10PM by PIB Delhi

    The much-awaited launch of the Rural Technology Action Group (RuTAGe) Smart Village Center (RSVC) took place yesterday in Mandaura village, Sonipat, marking a transformative moment in rural technological advancement. The RSVC Mandaura was inaugurated by Prof. Ajay Sood, the Hon’ble Principal Scientific Adviser to the Government of India, alongside key implementation partners including Commodore Sridhar Kotra, Founder of the Modern Village Foundation, and Mr. DP Goel, Chairman of the Chaalis Gaon Vikas Parishad. Both partners have played pivotal roles in turning this visionary initiative into reality.

    Speaking at inauguration of RSVC Mandaura, Prof. Ajay Sood said that the RuTAGe Smart Village Center (RSVC) is a pivotal step towards bridging the gap between rural needs and technological advancements, ensuring that innovation reaches the grassroots and transforms the lives of our communities.

    Prof Ajay Sood, Principal Scientific Adviser to the Government of India also shared the concept behind the creation of RSVCs, highlighting the major challenges faced by rural communities in accessing technologies that directly address their basic needs. These challenges include innovative solutions for animal intrusion, organic farming, and livelihood-enhancing technologies such as bead-making and bakery machinery. The Principal Scientific Adviser emphasized the significance of ensuring that technologies reach the bottom of the pyramid, a concept championed by Prof. CK Prahalad, thus creating a direct link between innovations and the market to improve rural livelihoods.

    This unique center, developed under the aegis of the Office of the Principal Scientific Adviser (PSA) to the Government of India, aims to integrate cutting-edge technologies with rural needs, enhancing the quality of life and empowering communities through sustainable solutions.

    Their efforts in taking forward technologies such as satellite data, water monitoring kits, Internet of Things (IoT), solar power, organic fertilizers, assistive technologies, and livelihood-focused innovations to the grassroots level are a testament to the collaborative spirit driving this initiative.

    (Prof Ajay Sood, Principal Scientific Adviser to the Government of India sharing the concept behind the creation of RSVCs)

    Key Highlights of the RuTAGe Smart Village Center (RSVC) Model:

    • Location & Physical Presence: The RSVC is designed to serve as a permanent presence at the Panchayat level, providing deep handholding to cater to the technological needs of 15-20 villages over several years. The center aims to build trust and confidence among the community members, ensuring the seamless adoption of innovative solutions.
    1. The RuTAGe Smart Village Center (RSVC) offers a comprehensive range of 12 technology tracks to address diverse rural challenges:
      1. Agriculture & Waste Management: Services for agriculture, waste management, homestays, and village tourism, supported by pre-sowing to post-harvest technologies, in collaboration with KVKs.
      2. RuTAG Technologies: Innovations from 7 IITs, developed under the Office of the Principal Scientific Adviser to the Government of India.
      3. Livelihood & Entrepreneurship: Promoting local entrepreneurship through schemes like NRLM and TRIF in Uttar Pradesh.
      4. Renewable Energy: Solar hybrid and wind technology solutions, with technical assistance from SELCO Foundation.
      5. National Innovations: Technologies from Manthan, Pune Cluster, and IIT Madras for various rural needs.
      6. Affordable Housing: Innovative housing technologies from Manthan and HR Corporation Pvt Ltd.
      7. WASH: Waste management, water, and sanitation solutions, including IIT Madras Aquamaps and weVois technologies.
      8. FinTech: Financial inclusion apps and AR/VR technologies developed by IISC and XR Group.
      9. Capacity Building: Research and capacity-building initiatives with Tier 2 & 3 colleges where NIFTEM is facility for piloting biscuit manufacturing from locally sourced materials like sugar, ghee. NAARM undertaking capacity building of RSVC centre heads.
      10. Govt. Scheme Apps: Dissemination of government schemes through citizen-centric apps for science, tech, and welfare programs.
      11. Assistive Technologies: Solutions for differently abled individuals through the Assistive Technology Foundation.
      12. Custom Solutions: Deployment of technologies like animal intrusion prevention and electronic medical record-keeping based on local needs.
    • Quality Assurance: The RSVC ensures quality and feasibility through anchor leads from institutions such as Selco, IIT Madras, and the Assistive Tech Foundation. These entities guide the RSVC team in the on-the-ground deployment of technologies from platforms like Manthan and RuTAG.
    • Market Access & Linkages: The RSVC also emphasizes market linkages through collaborations with platforms like ONDC, Amazon, and Market Mirchi (a RuTAG innovation by IIT Bombay), ensuring that rural producers have access to larger markets and can sell their goods effectively. Additionally, a Government Schemes Help Desk provides villagers with crucial information on available financial assistance and government schemes.
    • Integration with Government Ministries: The initiative aligns with the objectives of various Ministries, including Rural Development, Agriculture, Animal Husbandry, and Labour, through collaboration on schemes that will further enhance the welfare of rural communities.
    • Scalability: The RSVC model is set to expand, with plans for 20 new centers across India. In addition to expanding the physical network, the Techpreneurs (Foot Soldiers) program will empower women entrepreneurs to sell and promote technologies in their local communities, ensuring the sustainability of this model.

    This launch marks the beginning of a new era of technology-driven rural development, where the community, local entrepreneurs, and various stakeholders work together to bridge the rural-urban divide.

    The launch also witnessed presence of steering committee members from various Ministries, Foundations, Corporates, and NGOs, all of whom have played a crucial role in making the RSVC a reality. Their collective support and engagement ensure that this initiative will have a lasting impact, not just on Mandaura village but on rural communities across India.

    As Mandaura leads the way as a model village, it is set to inspire and mentor future RSVCs nationwide. The Principal Scientific Adviser’s office expressed its commitment to regular updates and continuous feedback on the progress of the project to refine and scale up its reach and impact.

    This launch is a significant step in the Government of India’s efforts to empower rural India, providing solutions that are sustainable, scalable, and impactful.

    ***

    MJPS/ST

    (Release ID: 2103483) Visitor Counter : 46

    MIL OSI Asia Pacific News –

    February 17, 2025
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