Category: Tourism

MIL-OSI Economics: Principality of Andorra: Staff Concluding Statement of the 2025 Article IV Mission

Source: International Monetary Fund

February 11, 2025

A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

The authorities have consented to the publication of this statement. 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 Executive Board for discussion and decision.

Andorra La Vella – February 11, 2025

The Andorran economy is doing well. This provides a window of opportunity to address substantial long-term challenges. The authorities have consolidated the country’s macro-financial framework and reinforced buffers. However, Andorra’s real GDP per capita—while high in absolute terms—has remained flat over the last 50 years, with growth largely driven by population increases. Going forward, population aging is both an economic and a fiscal concern, and climate change challenges an economic model largely dependent on winter tourism. Ambitious structural reforms are needed to unlock investment and lift productivity.

Economic Outlook

The Andorra economy continues to show resilience and to grow above its potential. Growth in 2024 surprised slightly on the upside, at an estimated 2.1 percent, driven by the service, banking and construction sectors. Inflation is subsiding gradually, reaching 2.6 percent at the end of 2024, despite limited economic slack and a still tight labor market. The current account surplus remains very large, estimated at 15.1 percent of GDP in 2024. The strong performance of banks continued in 2024 supported by high interest margins and increased fees and commissions.

Going forward, GDP is expected to slow to the level of potential growth. Real GDP growth is forecasted at 1.7 percent in 2025 and 1.5 percent from 2027 onwards. Inflation is projected to stabilize at 1.7 percent over the medium term. Short-term risks are balanced: greater uncertainty in the global economy and the potential for adverse shocks such as deepening geoeconomic fragmentation, supply disruptions, recurrent commodity price fluctuations and a reversal of monetary policy loosening are downside risks to growth and inflation. On the upside, Andorra, like other service-oriented economies in Europe, could benefit from stronger demand, and grow faster than projected. Solid buffers mitigate risks.

Challenges are concentrated over the medium-term, as stagnating income growth makes it challenging to address the impact of population aging and climate change. With long life expectancy and low fertility rates, Andorra’s population is expected to age rapidly—removing an engine for GDP growth and creating fiscal liabilities over the long term. Fiscal costs from pensions and healthcare will be substantial. More frequent climate shocks can affect the economic cycle in an economy largely reliant on winter tourism, and structurally warmer temperatures will require extensive adaptation.

Policy priorities

The solid macroeconomic position and the credibility of the policy framework provide Andorra with an opportunity for implementing far-reaching structural reforms. Diversifying the economy to enhance resilience, unlocking investment and lifting productivity to raise income levels, and addressing the costs of aging and climate change should be driving the policy agenda. The recently negotiated EU Association Agreement (EUAA), if approved by referendum, could offer an opportunity to support the reform momentum, but would also bring challenges.

Maintaining a solid fiscal framework given spending pressures over the medium term

Maintaining a disciplined fiscal policy within the fiscal framework is important and will provide room for more public investment. In a microstate that needs fiscal buffers against external shocks, entrenching fiscal space is important. In addition, the credibility of the fiscal framework and the primary surplus provide room for higher public investment to support potential growth and mitigate structural bottlenecks.

A balanced 2025 budget focused on economic priorities. The 2025 budget finds a welcome balance between maintaining a conservative fiscal stance but building on the authorities’ structural priorities, with a focus on health, housing, maintaining purchasing power, and education. Overall, the 2025 budget foresees a deficit of 0.9 percent of GDP. Given past practice of adjusting expenditures in line with incoming revenues, staff forecasts a small surplus of about 0.3 percent of GDP.
Room for growth-enhancing public spending. The fiscal framework, which prescribes an overall deficit limit of 1 percent of GDP and a central government debt ceiling of 40 percent of GDP, provides room for higher public spending targeted towards growth-enhancing investment. Spending should be focused on the structural needs of the economy: social and affordable housing, upskilling the workforce and addressing labor shortages, connectivity to support economic diversification, and investments to lift potential growth. As under-execution of budgeted public investment is customary, delivering on investment plans should be a policy objective.

Over the medium term, Andorra faces rising spending pressures from aging, as well as a need to adapt to climate change—engaging reforms early is paramount. Staff estimates that by 2050, pension system expenditures will rise by 6.7 percentage points while healthcare expenditures will increase by 2 percentage points. Acting early on pension and healthcare reforms is needed to anticipate and mitigate the fiscal impact of aging.

Pension reform has been on the government’s agenda for some time and is overdue. The menu of options to put the system on the sustainable path is well understood, from increasing contribution rates and reducing conversion rates to increasing the retirement age. Concluding the reform in an expeditious and comprehensive manner is needed to ensure the sustainability of the social security fund in the long run.
A reform of the healthcare system should aim to contain long-term costs while raising healthcare revenues . Experience from other advanced economies provides a blueprint for potential measures, in 4 areas: (i) enhance cost efficiency, (ii) strengthen preventive care, (iii) increase revenues for healthcare while preserving equity, and (iv) improve governance. The National Pact brought together stakeholders and should continue its work to strengthen the healthcare system.

· Beyond direct policies in the pension and healthcare areas, broader measures would be helpful to buffer the additional long-term fiscal costs of aging. Domestic revenue mobilization and migration policies can help.

Climate change also exposes the government to future contingent liabilities. Public investment needs to increase to meet Andorra’s climate change mitigation targets and to provide adequate support to the adaptation of the private sector. In addition, fiscal space will be increasingly needed to buffer the negative impact of climate shocks.

Precautionary borrowing and a rapid reduction in public debt provide the authorities with flexibility in managing the debt profile. The authorities are reaping the benefits of an effective debt management strategy that is projected to bring public debt down to 30 percent of GDP by 2026, that lengthened its maturity to 6.3 years and that keeps public debt service low. The authorities should continue to monitor market conditions for an upcoming debt maturity of €500 million public bonds in 2027, including for further diversifying debt and extending its maturity to decrease rollover risks and mitigate consequences from potential increases in interest rates.

Consolidating banking performance in a changing environment

Strengthening further the resilience of the banking system during periods of high profitability is appropriate. The banking sector displays solid fundamentals, with large capital and liquidity buffers. However, given the large size of the banking sector, the supervisor should remain vigilant. Available supervisory tools should complement each other, including by supporting the lender of last resort facility introduced in 2022 by continued close supervision and a well-designed resolution framework to ensure that critical problems are identified and addressed early. The activation of a countercyclical capital buffer in 2024 was timely to increase banking system resilience during high bank profitability.

The changing financial landscape, notably with the continued international expansion of banks and a possible EUAA, brings opportunities and challenges for Andorran banks. Banks have been growing in the EU where they run independent subsidiaries focused on private banking services, and the EUAA would facilitate this expansion, notably in the asset management business. Domestically, the EUAA has the potential to create a more dynamic domestic market but also to open Andorra to greater competition. The authorities should work closely with banks to prepare for the transition and safeguard financial stability.

Ambitious structural reforms to unlock investment and lift productivity, support the diversification of the economy and help mitigate climate change.

A comprehensive set of structural measures is important and should focus on the following:

Addressing frictions, notably labor and housing shortages. Public investment in education and well-designed immigration policies can improve knowledge capital in Andorra and raise labor productivity. Multiple housing measures were implemented recently—including the extension of existing rental contracts, the creation of a public affordable housing park, tax incentives for owners who offer affordable housing, suspension of tourist accommodation licenses, fees on empty houses and on real estate purchases by foreigners. The authorities should aim at providing market-based incentives for investing in affordable housing while minimizing distortions.
Creating a business environment conducive to higher investment. Recommendations encompass reducing administrative rigidities associated with doing business in Andorra, promoting access to financing, and implementing measures to attract and retain talent.
Supporting the development of higher value-added sectors, including the digital economy. With limited space for manufacturing, Andorra can look at the experience of peer countries that have successfully diversified towards the digital economy. Government policies, including the 2022 Law on the digital economy, entrepreneurship, and innovation and the Digitalization Strategy 2020-2030 were welcome initial steps.

The EUAA could provide further momentum for reforms towards diversification, unlock investment, and raise productivity in Andorra, but is not without its own challenges. The agreement signals a strong commitment to deeper integration with the EU and to reinforce Andorran institutions in their coherence with EU standards. Empirical evidence on the benefits of EU membership provides useful lessons for EU association. It suggests that while the impact can be significant and positive, it builds up over time, and is conditional on well-designed domestic reforms during the accession period. While the impact varies with country-specific circumstances, it materializes through a few channels: structural reforms in the period preceding accession/association, greater capital accumulation, notably FDI, and higher productivity. In Andorra, room for increasing investment and productivity is substantial. Transition periods for key sectors such as telecom and banking mitigate the risks of disruption and fiscal space can cover transition costs. Preparedness is essential to realize the benefits of association, and reduce potential downsides, such as greater regional competition.

The climate adaptation strategy needs to be accelerated given the macrocriticality of global warming for Andorra. Because of its higher altitude, Andorra is less exposed than other winter tourism locations in the region and should use this window of opportunity to enact needed policies, support the development of higher value-added service sectors and diversify away from winter tourism. The authorities should expedite the development and execution of a climate adaptation strategy.

The mission thanks the authorities and all our counterparts for a constructive and candid policy dialogue, for engaging in a productive and transparent collaboration, and for their hospitality during the official visit of the IMF to Andorra.

Andorra: Selected Social and Economic Indicators

	I. Social Indicators
	Population (2023)	85101		Population at risk of poverty (percent, 2020)					13
	Per capita income (2023, euros)	40511		Human Development Index Rank (2021)					40 (out of 189)
	Gini Index (2020)	32		Life expectancy at birth (2024)						83.9

	II. Economic Indicators
					Projections
		2022	2023	2024	2025	2026	2027	2028	2029		2030

	NATIONAL ACCOUNTS AND PRICES		(annual change, percent, unless otherwise indicated)
	Real GDP	9.6	2.6	2.1	1.7	1.6	1.5	1.5	1.5		1.5
	Nominal GDP	14.2	9.0	5.0	3.7	3.4	3.3	3.2	3.2		3.2
	GDP deflator	4.2	6.3	2.9	1.9	1.8	1.7	1.7	1.7		1.7
		(contribution to nominal GDP growth, percentage points)
	Consumption	6.5	7.0	3.6	2.5	2.5	2.5	2.5	2.4		2.4
	Private	6.2	3.5	1.7	1.5	1.5	1.5	1.5	1.4		1.4
	Public	0.3	3.4	1.9	1.0	1.0	1.0	1.0	1.0		1.0
	Investment	6.8	-2.2	0.9	0.5	0.6	0.3	0.3	0.4		0.5
	Private 1/	6.4	-3.1	0.2	0.0	0.4	0.1	0.1	0.2		0.3
	Public	0.4	0.9	0.7	0.5	0.2	0.2	0.2	0.2		0.2
	Net exports of goods and services	0.9	4.3	0.7	0.6	0.4	0.4	0.4	0.4		0.4
	Exports	18.8	10.4	4.2	3.3	2.8	2.8	2.9	2.9		2.8
	Imports	18.0	6.1	3.5	2.7	2.5	2.4	2.5	2.5		2.4

	Prices
	Inflation (percent, period average)	6.2	5.6	3.1	2.2	1.8	1.7	1.7	1.7		1.7
	Inflation (percent, end of period)	7.2	4.6	2.6	2.0	1.7	1.7	1.7	1.7		1.7

	Unemployment rate (percent)	2.1	1.6	1.6	1.6	1.8	1.8	1.9	2.0		2.0

	EXTERNAL SECTOR	(percent of GDP, unless otherwise indicated)

	Current account	11.6	14.2	15.1	17.0	17.0	17.0	17.0	17.0		17.0
	Balance on goods and services	8.8	12.0	12.0	12.2	12.1	12.1	12.1	12.1		12.1
	Exports of goods and services	80.9	83.7	83.7	83.9	83.8	83.9	84.1	84.2		84.3
	Imports of goods and services	72.2	71.8	71.6	71.7	71.7	71.8	71.9	72.1		72.2
	Primary income, net	4.3	3.5	4.3	6.1	6.1	6.1	6.1	6.1		6.1
	Secondary income, net	-1.4	-1.3	-1.3	-1.3	-1.3	-1.3	-1.3	-1.3		-1.3
	Capital account	0.0	-0.1	0.0	0.0	0.0	0.0	0.0	0.0		0.0
	Financial account	12.7	13.5	15.1	17.0	17.0	17.0	17.0	17.0		17.0
	Errors and omissions	1.1	-0.6	0.0	0.0	0.0	0.0	0.0	0.0		0.0
	Gross international reserves (millions of euros) 2/	338.4	338.7	399.0	399.0	399.0	399.0	399.0	399.0		399.0

	FISCAL SECTOR	(percent of GDP, unless otherwise indicated)

	General Government 3/
	Revenue	39.7	38.0	37.9	37.8	37.7	37.8	37.8	37.7		37.8
	Expenditure	34.9	35.9	36.5	36.7	36.6	36.9	36.9	37.0		37.0
	Interest	0.7	0.6	0.6	0.6	0.6	0.8	0.8	0.8		0.8
	Primary balance	5.6	2.7	2.0	1.7	1.6	1.6	1.7	1.6		1.6
	Net lending/borrowing (overall balance)	4.8	2.1	1.5	1.1	1.1	0.8	0.9	0.8		0.8
	Public debt	38.9	35.5	33.7	32.5	31.5	30.5	30.0	29.5		29.0

	Central Government 4/
	Revenue	21.7	19.8	21.3	20.8	20.8	20.8	20.8	20.8		20.9
	Expenditure	18.7	19.1	20.4	20.5	20.5	20.6	20.7	20.6		20.7
	Interest	0.7	0.5	0.5	0.5	0.5	0.7	0.7	0.7		0.7
	Primary balance	3.6	1.2	1.4	0.8	0.8	0.9	0.8	0.9		0.9
	Net lending/borrowing (overall balance)	2.9	0.7	0.9	0.3	0.3	0.2	0.1	0.2		0.2
	Public debt	37.1	34.0	32.3	31.2	30.1	29.2	28.7	28.3		27.9

	BANKING SECTOR5 /	(percent, unless otherwise indicated)

	Regulatory capital to risk-weighted assets	20.3	21.7	21.2	…	…	…	…	…		…
	Nonperforming loans to total gross loans	3.3	2.2	2.1	…	…	…	…	…		…
	Credit to nonfinancial private sector
	Level (percent of GDP)	116.4	101.3	94.5	…	…	…	…	…		…
	Corporates	61.8	55.1	51.1	…	…	…	…	…		…
	Households	54.6	46.2	43.4	…	…	…	…	…		…
	Growth (nominal)	-1.7	-5.2	-2.0	…	…	…	…	…		…
	Corporates	2.6	-2.8	-2.5	…	…	…	…	…		…
	Households	-6.1	-7.8	-1.3	…	…	…	…	…		…
	Credit to public sector
	Level (percent of GDP)	2.2	1.8	1.5	…	…	…	…	…		…
	Growth (nominal)	-8.4	-10.0	-13.0	…	…	…	…	…		…

	Memorandum items
	Exchange rate (€/USD, period average) 6/	0.95	0.92	0.92	0.97	0.97	0.97	0.97	0.97		0.97
	Nominal GDP (millions of euros)	3,210	3,501	3,676	3,811	3,942	4,070	4,202	4,338		4,478

	Sources: Andorran authorities, Eurostat, and IMF staff calculations.
	1/ The contribution of private investment is derived as a residual and includes investments of state-owned enterprises.
	2/ The increase of gross international reserves in 2022 is due to €100 million deposited at the Bank of Spain, €40 million at the Banque de France, and €60 million at the Nederlandsche Bank as gross international reserves. In 2024, additional €60 million reserves were accounted, mainly deposited at the Bank of Spain.
	3/ The general government comprises the central government, local governments, and the social security fund.
	4/ The central government comprises Govern d’Andorra, as well as nonmarket, nonprofit institutional units.
	5/ 2024 data corresponds to 2024Q3.
	6/ The table reports the exchange rate €/USD because Andorra is a euroized economy.

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Camila Perez

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

MIL OSI Economics –

February 12, 2025

MIL-OSI China: Traditional folk dance as cultural link

Source: China State Council Information Office 3

Drawn by the rhythmic beats of drums and spirited shouts, Thanita Raemee, a 20-year-old Thai exchange student, navigated through winding streets and bustling alleys until she arrived at the dynamic training grounds of the Ximen Women’s Yingge Dance Team.

Founded in 1952, this pioneering all-female team is the first of its kind in the Chaoshan region of south China’s Guangdong Province, with members ranging from teenagers to nearly 80-year-olds. Performers come from all walks of life — spirited young girls, agile middle-aged men, and even food delivery workers dancing between shifts.

The Yingge dance, or “dance to the hero’s song,” is a form of folk dance popular in south China’s Guangdong Province. Dating back to the Ming Dynasty (1368-1644), this traditional dance is often performed during traditional Chinese festivals. As a dynamic blend of theater, dance, and martial arts, it was listed among the first batch of national intangible cultural heritage in 2006.

Once a traditional folk performance, Yingge dance saw a recent surge in popularity. Videos of its energetic routines have flooded social media, earning it the title of the “ultimate Chinese New Year atmosphere booster.”

While men’s Yingge performances are inspired by the legendary “Water Margin,” one of the four great classical novels in Chinese literature, the women’s routines often draw from the tales of legendary Chinese heroines like Mu Guiying and Hua Mulan.

Thanita watched in awe as the dancers moved in perfect unison, their forms embodying both strength and grace.

“Incredible! How do they stay so synchronized? Compared to traditional Thai dance, this feels much more powerful and rhythmic — it’s exhilarating!” she exclaimed.

“Most of our members are under 20, balancing their studies and work. They train purely out of passion,” said the team’s coach Wu Yanhua, who left her job as a kindergarten teacher to focus on the team’s revival in 2011.

That passion was evident in every interaction. “My teammates take turns helping me with childcare. Yingge dance is part of my life — I even dream about it,” said a team member Zhou Yixiang while gently rocking her five-month-old baby in a stroller.

Six-year-old Huang Kexin eagerly demonstrated snake-dance moves she had just learned, hopping and twirling with a delightful burst of playful energy. Meanwhile, 11-year-old Lin Yahan patiently taught Thanita how to grip the Yingge hammer properly, while her twin sister nodded in encouragement.

During the recently concluded Spring Festival holiday, homestay tourism flourished across China. Shantou, a key city in Chaoshan known for its rich New Year traditions, saw bookings soar 13 times from last year. Lion dance, Yingge dance and other traditional performances have become festival favorites.

Thanita has family roots in Chaoshan — her father is an overseas Chinese descendant. For her, Yingge dance serves as a bridge between Chinese and Thai cultures. In fact, many in Thailand are already familiar with the dance.

In early 2023, a Thai Yingge team’s electrifying performance at a shopping mall in Thailand went viral, and later that year, the Yingge cultural exchange group from Thailand visited Chaoshan to engage with local dancers.

This year, Yingge dance teams from Shantou have also been invited to perform on multiple overseas stages for the Spring Festival celebrations.

Organized by the Department of Culture and Tourism of Guangdong Province, the 25-member Yingge team toured Germany and France from Jan. 28 to Feb. 4. They performed in cities like Hanau, Frankfurt, Paris, and Lyon, sharing the vibrant charm of Yingge dance.

Studying international Chinese education at Shantou University, Thanita deeply admires the dedication and enthusiasm of Yingge performers.

“One of my goals in coming to China was to explore the traditions my ancestors once lived by. Yingge has expanded my understanding of Chaoshan and Chinese culture while revealing the cultural ties between China and Thailand,” she said.

MIL OSI China News –

February 11, 2025
MIL-OSI Economics: Secretary-General of ASEAN receives delegation of Australian Senior Media Editors

Source: ASEAN

At the ASEAN Headquarters/ASEAN Secretariat today, Secretary-General of ASEAN, Dr. Kao Kim Hourn, received a group of senior media editors from Australia. SG Dr. Kao shared his views on the contributions of ASEAN-Australia Comprehensive Strategic Partnership to the ASEAN’s community-building efforts and underscored the important role of media in encouraging greater cooperation between ASEAN and Australia, especially in the areas of trade, investment, tourism and connectivity, among others. The delegation is currently visiting Indonesia as part of the Senior Editors Program, a flagship programme of the Australia-Indonesia Institute.

The post Secretary-General of ASEAN receives delegation of Australian Senior Media Editors appeared first on ASEAN Main Portal.

MIL OSI Economics –

February 11, 2025
MIL-OSI Asia-Pac: Youth employment expo to be held

Source: Hong Kong Information Services

The Labour Department will hold the Youth Employment Expo in Wan Chai on February 15, with more than 1,200 on-the-job training vacancies on offer for young people aged 29 or below to work locally and in the Greater Bay Area (GBA) Mainland cities.

The expo is an event jointly organised by the Greater Bay Area Youth Employment Scheme, the Youth Employment & Training Programme (YETP) and the Youth Employment Start (Y.E.S.)

A total of 47 organisations from various industries, including airline services, hotels, banking, public services, retail, transport, construction, catering, tourism, security and technology, will join the expo.

The event will be held from 11am to 6pm at the Convention & Exhibition Centre and admission is free. Young job seekers can submit applications on-site and may be selected for on-the-spot interviews.

Additionally, the expo features career talks, sharing sessions, course introduction and demonstration of the programmes, employment consultation, interview preparation consultation and resume photo shooting. Plus, singers plan to share their stories of pursuing their own career developments.

Furthermore, the Youth Entrepreneurship Bazaar will also be run by business members of Y.E.S. at the expo, selling a diverse range of handcrafted and innovative products.

Last year’s Policy Address announced measures to strengthen employment services and support for young people from this year, including relaxing the eligibility requirements for the GBA Youth Employment Scheme to allow young people aged 29 or below with sub-degree or higher qualifications to join the scheme and increasing the allowance granted to enterprises.

Moreover, the upper age limit for YETP participants has been raised to provide employment support services to young people aged 15 to 29 with sub-degree or below qualifications.

Click here for more details about the expo.

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Australia: Discover what the World Heritage Listing bid for Victorian Goldfields means at a public talk

Source: State of Victoria Local Government 2

The Victorian Goldfields has been officially included on the UNESCO World Heritage Tentative List and the community can learn more about what this means at a public talk next week.

The public talk is on Monday February 17 from 6pm to 7.30pm at the La Trobe Art Institute, View Street, Bendigo. It is focused on informing the community and local businesses about the positive outcomes if the World Heritage bid is successful.

The Victorian Goldfields are the most extensive, coherent, and best-surviving goldrush landscapes in the world. Obtaining a World Heritage listing is a proven catalyst for new opportunities as seen elsewhere, such as the Great Barrier Reef. The status can lead to immediate and long-term benefits, including investment, tourism, and jobs.

The public talk includes a presentation from the City of Greater Bendigo World Heritage Strategic Projects Officer Trevor Budge who is on the World Heritage Bid Project Team.

There will also be a panel discussion with Euan McGillivray from the Bendigo Historical Society, Chair Bendigo Tourism Board Kath Bolitho, CEO Bendigo Heritage Attractions James Reade, City of Greater Bendigo Manager Economy & Experience James Myatt, and Bendigo Branch President of the National Trust Peter Cox.

World Heritage Strategic Projects Officer Trevor Budge said the tentative listing acknowledged the significance of the Victorian Goldfields.

“The public talk will explain why the Victorian Goldfields are worthy of world recognition, what steps are needed to be ready for the possible final designation in mid 2027, and how the community and businesses can be further involved in this nomination,” Mr Budge said.

“With the support of Traditional Owners, we’re working on a confirmed list of places that ensures the best examples of the lasting legacy of the Victorian Goldfields are celebrated and that this critical piece of Australia’s history is conserved and shared with future generations.

“If this bid succeeds, the benefits for Greater Bendigo and other places in the Victorian Goldfields will be far reaching with a significant increase in tourism from across the world wanting to experience our gold rush story. The economic modelling forecasting estimates a Victorian Goldfields World Heritage site could attract 2.5 million new visitors to the region over 10 years, injecting more than $500M into local economies.”

National Trust Bendigo Branch President Peter Cox said the public talk was a wonderful way for the community to hear about the extraordinary outcomes that could flow from a permanent World Heritage listing.

“Thousands of extra visitors will boost economic activity, create new jobs and investment throughout Victoria with heritage being promoted in many small and large towns. Bendigo’s urban settlement displays many homes from the gold rush era, its architecture of grand buildings is world renowned, and it has many attractions based on tourism that depicts 19th century history.” Mr Cox said.

Getting the Victorian Goldfields on the Tentative List was critical, as Australia can only make one nomination to UNESCO per year and there are many other places from around Australia that were being considered.

The City of Greater Bendigo, City of Ballarat and 13 other local government authorities are involved in the listing bid with support from Traditional Owners.

To register your attendance, please email or SMS:

[email protected]

0447 473 674

MIL OSI News –

February 11, 2025
MIL-OSI USA: Hassan, Shaheen Help Reintroduce Bipartisan SHRED Act to Keep Ski Fees Local, Support New Hampshire Recreation Management
US Senate News:
Source: United States Senator for New Hampshire Maggie Hassan

(Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) helped reintroduce the Ski Hill Resources for Economic Development (SHRED) Act, led by U.S. Senators Michael Bennet (D-CO) and John Barrasso (R-WY). The bipartisan bill would fuel investment in outdoor recreation in mountain communities by enabling National Forests like the White Mountain National Forest to retain a portion of the annual fees paid by ski areas operating within their boundaries.

“During the winter, New Hampshire’s stunning White Mountains and impressive ski slopes attract Granite State residents and tourists alike – making it a key pillar of our outdoor recreation economy,” said Shaheen. “This bipartisan bill will reinvest ski fees to improve ski areas and support overall recreation in the White Mountain National Forest. I’ll continue supporting commonsense investments in our recreation economy to benefit local communities and preserve our landscapes for generations to come.”

“New Hampshire’s ski resorts are cornerstones of our winter tourism industry and our state’s economy,” said Hassan. “The SHRED Act is a commonsense, bipartisan bill that will help strengthen our local communities by ensuring that ski fees are invested in maintaining and improving the places that make New Hampshire a premier destination for winter sports. This legislation will benefit both our local communities and the millions of visitors who come to experience the Granite State’s natural beauty.”

In exchange for using some of America’s most stunning forestlands, the 124 ski areas operating on Forest Service lands across the country pay fees to the Forest Service that average over $40 million annually. The SHRED Act would establish a framework for local National Forests to retain a portion of ski fees to offset increased recreational use and support local ski permit and program administration. The SHRED Act also provides the Forest Service with flexibility to direct resources where they are needed the most.

Specifically, the SHRED Act would invest in the Granite State by:
- Keeping Ski Fees Local: By establishing a Ski Area Fee Retention Account to retain the fees that ski areas pay to the Forest Service. For National Forests that generate ski fees, 80 percent of those fees are available for authorized uses at the local National Forest. The remaining 20 percent of those fees would be available to assist any National Forests with winter or broad recreation needs.
- Supporting Winter Recreation: In each forest, 75 percent of the retained funds are directly available to support the Forest Service Ski Area Program and permitting needs, process proposals for ski area improvement projects, provide information for visitors and prepare for wildfire. Any excess funds can be directed to other National Forests with winter or broad recreation needs.
- Addressing Broad Recreation Needs: In each forest, 25 percent of the retained funds are available to support a broad set of year-round local recreation management and community needs, including special use permit administration, visitor services, trailhead improvements, facility maintenance, search and rescue activities, avalanche information and education, habitat restoration at recreation sites and affordable workforce housing. This set-aside would dramatically increase some Forest Service unit’s budgets to meet the growing visitation and demand for outdoor recreation.
Shaheen and Hassan have long led efforts in Congress that support and invest in New Hampshire’s tourism and travel industries that fuel local economies across the state. Shaheen led her bipartisan Outdoor Recreation Jobs and Economic Impact Act into law to require the federal government to measure the impact of the outdoor recreation on the economy. In November 2024, Shaheen applauded the release of an annual report showing a $1.2 trillion economic contribution by the outdoor recreation sector in 2023, including adding $3.9 billion to New Hampshire’s economy. In New Hampshire, outdoor recreation accounts for 3.4% of gross domestic product (GDP) and employs 32,000 people, which is a 2.9% increase in jobs.

Shaheen and Hassan led efforts to help secure full funding and permanent authorization for the Land and Water Conservation Fund (LWCF), which has helped protect more than 2.5 million acres of land and supported tens of thousands of state and local outdoor recreation projects throughout the nation. In 2020, the Senators helped lead the Great American Outdoors Act into law to permanently fund the LWCF and provide mandatory funding for deferred maintenance on public lands.
MIL OSI USA News –
February 11, 2025
MIL-OSI China: Chinese Tencent Cloud launches Middle East cloud region

Source: China State Council Information Office

The Chinese Tencent Cloud Company has launched its first Middle East Cloud Region in Saudi Arabia, featuring two availability zones with full redundancy, advanced cloud services, and AI capabilities.

In a statement on Sunday, the company revealed that the new availability zones, expected to be operational in 2025, will integrate Saudi Arabia into Tencent Cloud’s global network of over 50 availability zones across 21 regions. It will enable the delivery of an expanded suite of cutting-edge Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) solutions, including advanced analytics, AI, digital media innovations, superapp technologies, and more.

Hu Dan, vice president of Tencent Cloud International for the Middle East and North Africa, hailed the new Cloud Region as a milestone in Tencent Cloud’s Middle East growth story.

He said the new Cloud Region will strengthn Saudi Arabia’s digital transformation efforts across key sectors, including digital media and streaming, video gaming, esports, e-commerce, tourism, financial services, telecommunications, and more.

For his part, Mohammed Alrobayan, deputy minister for technology at Ministry of Communications and Information Technology of Saudi Arabia, said, “Tencent Cloud’s decision to launch its first cloud region in Saudi Arabia represents a significant milestone for digital transformation in the Middle East.”

“This new cloud region will enhance the Kingdom’s digital infrastructure and accelerate the adoption of advanced technologies. It also reflects confidence in Saudi Arabia’s ambition to become a global hub for digital solutions and smart technology, fostering an economy driven by innovation and knowledge,” he added.

MIL OSI China News –

February 11, 2025
MIL-OSI China: Shanghai to issue consumption vouchers for service sector

Source: China State Council Information Office 3

Tourists admire the skyline view of Lujiazui area at the Bund in Shanghai, east China, Jan. 6, 2020. [Photo/Xinhua]

Shanghai will allocate 500 million yuan (about 69.73 million U.S. dollars) from its municipal budget to issue vouchers for the service sector, local officials announced at a press briefing on Monday.

As part of an effort to boost spending, the vouchers will mainly support catering, tourism, cinemas and sports. The funds will be distributed as follows: 360 million yuan for catering, 90 million yuan for tourism, 30 million yuan for cinemas, and 20 million yuan for sports.

Consumers can register for the lottery to receive catering and tourism vouchers starting Feb. 22. All vouchers will be valid for redemption starting from March 1 and will be fully distributed by the end of June.

According to Zhu Min, director of the Shanghai Municipal Commission of Commerce, spending in the service sector is key to enhancing and upgrading Shanghai’s consumption market, as well as driving commodity consumption.

In 2024, Shanghai issued 500 million yuan worth of vouchers for the catering, accommodation, cinema and sports sectors.

MIL OSI China News –

February 11, 2025
MIL-OSI China: China’s Spring Festival spending spree fuels global business growth

Source: China State Council Information Office

On a balmy afternoon on the first day of the Chinese Spring Festival, a queue of nearly 40 people, over half of them being Chinese tourists, snaked around the plain ice cream stall of “Uncle Chieng” on Orchard Road, Singapore.

“Recently, more than half of the customers are Chinese tourists. Around the Spring Festival, I sell about 20 percent more ice cream each day compared to usual,” said Chieng Puay Chui, owner of the stall, which has become one of the must-visit spots for Chinese tourists.

This scene is just a microcosm of the vibrant Spring Festival celebrations that have swept China and beyond, the first Lunar New Year festivities after the Spring Festival was added to UNESCO’s intangible cultural heritage list.

The festival, which falls on Jan. 29 this year, with week-long nationwide celebrations around the date, has not only ignited a surge in domestic consumption but also created vast opportunities for international businesses, as Chinese consumers embrace global goods and cultures.

A girl participates in activities to celebrate the Chinese New Year in London, Britain, on Feb. 2, 2025. [Photo/Xinhua]

Global goods, local celebrations

The Spring Festival, a time for family reunion and feasting, has seen a growing appetite for “foreign New Year goods” among Chinese consumers. From French wine to Chilean cherries, global delicacies have become essential elements of the Chinese New Year shopping list.

France’s Occitanie region, renowned for its wine, has been actively promoting its produce in China through platforms like the China International Import Expo and the “From French Farms to Chinese Tables” initiative. For French wine producers, the Spring Festival is one of the best opportunities to promote their products.

“Ahead of the Chinese New Year, we organized various events to support wine producers from the Occitanie region and importers in distributing their products so that they would be available during the Spring Festival,” said Catherine Machabert, food and wine international director of the economic development agency of the Occitanie Region.

“For the Year of the Snake, distributors have prepared a variety of gift boxes featuring snake-themed designs to promote the wines,” said Machabert, adding that Occitanie has always maintained strong ties with China and recognizes the importance of the Chinese market.

Meanwhile, French confectionery giant Andros has capitalized on the festive season by launching special gift packs and organizing in-store tastings. “Our sales during this Spring Festival are expected to double compared to previous years, setting a new record,” said Maxence Zeng, general manager of Andros China.

Chilean cherries, with their vibrant red hue and symbolic association with prosperity in the Chinese culture, have also become a favorite among Chinese consumers.

China is a very important market for fresh Chilean cherries, not only because it receives more than 90 percent of total exports, “but also because of the friendly relationship that has been built between our cherries and the people of China,” said Claudia Soler, executive director of the Chilean Cherry Committee.

A poster of the animated feature “Ne Zha 2” is pictured at a cinema in Shenyang, northeast China’s Liaoning Province, Feb. 6, 2025. [Photo/Xinhua]

Two-way cultural exchanges

The Spring Festival is not just about shopping and feasting; it’s also a time for travel and cultural exploration. With extended holidays and visa-free policies, Chinese tourists have been flocking to international destinations, while foreign visitors have been arriving in China to experience the festivities firsthand.

On the pristine beaches of Zanzibar, Tanzania, Chinese tourists Li Chenguang and his wife, Zhao Xue, marveled at the natural beauty surrounding them. “We can witness the Great Migration in the Serengeti, the azure waters of the Indian Ocean and even the snow-capped peaks of Mount Kilimanjaro,” Zhao exclaimed with excitement.

Meanwhile, in Malaysia, Kuala Lumpur International Airport has been bustling as Chinese tourists head to Malaysia for tropical experiences and Malaysian travelers embark on winter adventures in China. “We’re planning to visit Harbin, hike up Changbai Mountain and savor traditional northeastern dishes like Guo Bao Rou (crispy sweet and sour pork),” said Zhou Jinglang, a tour guide of a Malaysian travel agency.

According to the National Immigration Administration, China recorded 14.37 million cross-border trips during the Spring Festival holiday season, a 6.3 percent increase from a year earlier. About 1 million of these trips were made by foreign nationals, marking a 22.9 percent year-on-year rise.

Meanwhile, the 2025 Spring Festival holiday has marked a new milestone for China’s thriving film industry, with box office revenue soaring to an unprecedented 9.51 billion yuan (approximately 1.33 billion U.S. dollars) between Jan. 28 and Feb. 4, according to the China Film Administration.

A staggering 187 million moviegoers flocked to cinemas throughout the holiday week, setting new all-time highs in both box office earnings and audience turnout.

Released on Jan. 29, the first day of Chinese New Year, Chinese animated blockbuster “Ne Zha 2” has shattered multiple box office records, becoming the first film to cross 1 billion dollars in a single market and the first non-Hollywood title to join the coveted billion-dollar club.

Customers select newly arrived Chilean cherries at a supermarket in Tianjin, north China, Dec. 26, 2024. [Photo/Xinhua]

Vast business opportunities

The Spring Festival consumption boom has not only showcased the resilience and vitality of China’s economy but also highlighted the potential for international collaboration. From French dairy products to Chilean cherries, foreign businesses are eager to tap into the vast Chinese market and capitalize on emerging consumer trends.

“Occitanie has always maintained strong ties with China and recognizes the importance of the Chinese market. With its Shanghai office, the regional agency will continue to support wine, agri-food, and cosmetics companies in entering or expanding in the Chinese market,” said Machabert, the trade official of the Occitanie Region.

Meanwhile, Herve Lanoe, chief executive officer of French dairy company Fit Group, noted that Chinese consumers are increasingly prioritizing quality and health. “Butter with a protected designation of origin is highly appreciated by our Chinese client,” he said, adding that the company will try to take advantage of this opportunity.

Over the years, Garces Fruit, Chile’s largest cherry exporter, has been actively expanding its presence in China. “The Chinese market is fundamental for the trade of Chilean cherries,” said Hernan Garces Gazmuri, the export manager of Garces Fruit.

“It is a clear example of win-win,” said Garces Gazmuri, who settled in China in 2017 and opened an office in 2018. “It produces a lot of employment, from the harvests, the packaging, all this positive dynamic is generated thanks to the Chinese market. This industry does not exist without China.”

“We want to continue to explore the market, developing e-commerce and boosting our Garces Fruit brand. I think there is a lot to do,” he said.

MIL OSI China News –

February 11, 2025
MIL-OSI USA: Grassley Probes SafeSport Hiring Practices Following Arrest of Former Investigator for Sex-Crimes

US Senate News:

Source: United States Senator for Iowa Chuck Grassley

WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) is demanding answers from the U.S. Center for SafeSport on its vetting and hiring practices following reports SafeSport brought on an investigator later charged with theft and sexual misconduct.

Grassley helped steer bipartisan legislation through Congress in 2017 that established SafeSport to investigate cases of athlete sex-abuse and harassment in Olympic governing bodies. SafeSport investigators work closely with athletes to uncover and compile sensitive information regarding these cases.

“Claimants share deeply personal information with SafeSport investigators. For some, the memories they share with SafeSport are among their worst. Claimants and respondents alike deserve impartial, fair investigators who have not been accused of sexual misconduct of their own,” Grassley wrote.

“Accusations of rape and other sex crimes against any SafeSport investigator are especially concerning given SafeSport’s mandate to protect athletes from similar abuse. Charges of that nature seriously call into question the quality of SafeSport’s vetting processes of its own officials,” Grassley continued.

Read Grassley’s full letter HERE.

Background:

SafeSport around 2021 hired Jason Krasley, a former Pennsylvania police officer, while he was under active investigation for theft and tampering with evidence. After his arraignment for these charges in November 2024, SafeSport fired Krasley. On January 10, 2025, Krasley was arrested on additional charges of involuntary sexual servitude with the threat of serious physical harm, sexual assault and rape. It’s also alleged Krasley subjected an individual to harassing physical contact while still on SafeSport’s payroll in June 2024.

Grassley was the first in history to convene a congressional hearing on athlete protections while serving as Chairman of the Senate Judiciary Committee in 2017. He also spearheaded oversight of the U.S. Olympic Committee, the FBI’s failed response to the Larry Nassar abuse scandal and the failures of SafeSport and USA Gymnastics to effectively safeguard athletes.

Several Grassley-led measures to strengthen accountability for abusers have been signed into law. Last Congress, his bipartisan legislation to bolster the federal sex tourism statutes that had been too weak to convict Nassar became law as part of the 2024 National Defense Authorization Act.

-30-

MIL OSI USA News –

February 11, 2025
MIL-OSI USA: ICYMI: Sen. Joni Ernst in WSJ: USAID Is a Rogue Agency

US Senate News:

Source: United States Senator Joni Ernst (R-IA)
WASHINGTON – In case you missed it, U.S. Senator Joni Ernst (R-Iowa) detailed in the Wall Street Journal how the U.S. Agency for International Development (USAID) acts against our nation’s best interests and stonewalled her oversight of where tax dollars are going and why.
As Senate DOGE Caucus chair and founder, Senator Ernst will continue to work with President Trump’s Department of Government Efficiency (DOGE) to examine how taxpayers’ money is spent and put an end to any waste, fraud, and abuse.
WSJ: Sen. Joni Ernst: USAID Is a Rogue Agency
It dodges congressional questions about money that went to sex traffickers and the Wuhan virus lab.
By: Senator Joni Ernst
In moments of crisis, America can be counted on for leadership. Our nation’s compassionate giving has saved millions of lives around the world that were at risk from starvation or disease. All Americans should be able to take great pride in our generosity. And the government agencies coordinating aid efforts should be eager to share details about how they’re using taxpayers’ money to make the world a better place.
Yet the U.S. Agency for International Development, entrusted with disbursing tens of billions of aid dollars to other nations annually, is a rogue bureaucracy. I’ve uncovered that the agency often acts at odds with our nation’s best interests and uses intimidation and shell games to hide where money is going, how it’s being spent and why.
USAID repeatedly rebuffed my requests for a list of recipients of U.S. tax dollars sent to Ukraine, claiming that the information was classified. Despite the pushback, I persisted. Eventually, USAID permitted my staff to review documents under surveillance in a highly secure room at USAID headquarters, with note-taking prohibited.
What warranted such secrecy? We learned that the aid that was supposed to alleviate economic distress in the war-torn nation was spent on such frivolous activities as sending Ukrainian models and designers on junkets to New York City, London Fashion Week, Paris Fashion Week and South by Southwest in Austin, Texas.
I faced the same stonewalling from USAID when I asked about tax dollars being diverted from project missions for largely unrelated costs, known as the negotiated indirect cost rate. The agency claimed that it wasn’t possible to track. My team debunked that by providing USAID staff with a link to a public database. The agency fired back, warning that divulging this information would violate federal laws, including the Economic Espionage Act.
When I launched a formal investigation in cooperation with the House Foreign Affairs Committee, USAID relented. Turns out, the agency is allowing grantees to skim significant amounts of money, up to and even beyond half of the total, for themselves.
We need guarantees that U.S. assistance is helping people in need, but a recent review by the agency’s own inspector general found USAID still “does not have proper documentation to support indirect costs charged” by grant recipients.
I shouldn’t have to ask these questions. All federal spending is required to be publicly available on the website USAspending.gov, a searchable database created nearly two decades ago by a bipartisan law.
USAID’s sketchy spending schemes were the impetus for this law aimed at making federal funding more transparent. Congressional investigators in 2005 caught the agency supporting an organization involved with the trafficking of teenage girls in Asia. USAID staff called the claims “destructive” and vehemently denied them. The evidence proved otherwise. A pass-through group, set up with the help of former agency employees, was found funneling U.S. tax dollars into abetting the sex trade operation.
The agency has learned to exploit loopholes in the law, as my investigation into the origins of the pandemic exposed. The watchdog organization White Coat Waste Project was the first to release evidence that both USAID and Anthony Fauci’s National Institute of Allergy and Infectious Diseases were financing bat studies involving coronaviruses at the Wuhan Institute of Virology. Yet no grants to the Chinese lab appeared in USAspending.gov. Audits later uncovered that more than a million dollars from the U.S. government were paying for the dangerous research. The bulk of the money was provided by USAID, not Dr. Fauci.
USAID evaded the obligation to report this transaction to USAspending.gov by using multiple pass-through organizations, including the nefarious EcoHealth Alliance, which is now barred from receiving U.S. government grants.
What was our international development agency developing at China’s Wuhan Institute of Virology? If the Central Intelligence Agency and Federal Bureau of Investigation are correct that the Covid virus likely originated from a lab leak, USAID may have had a hand in a once-in-a-century pandemic that claimed the lives of millions.
There’s no shortage of other questionable USAID projects. More than $9 million intended for civilian food and medical supplies in Syria ended up in the hands of violent terrorists. Another $2 million was spent promoting tourism to Lebanon, a nation the State Department warns against traveling to due to the risks of terrorism, kidnapping and unexploded land mines.
USAID spent millions of dollars paying people to dig irrigation ditches in Afghanistan and encouraging farmers to grow food crops instead of poppies for opium. The result: Poppy cultivation nearly doubled.
Many other groups supported by USAID are doing great work, such as caring for orphans and people living with HIV. Imagine how much more good work could be supported with the dollars that instead ended up enriching terrorists, sex traffickers, mad scientists and drug cartels.
After keeping its spending records hidden from Congress and taxpayers, USAID employees are now protesting the review of the agency’s records by President Trump’s Department of Government Efficiency. It’s no surprise that Washington insiders are more upset at DOGE for trying to stop wasteful spending than at USAID for misusing tax dollars.
The question we should be asking isn’t why USAID’s grants are being scrutinized, but why it took so long.
Ms. Ernst, an Iowa Republican, is founder and chairwoman of the Senate DOGE Caucus.

MIL OSI USA News –

February 11, 2025
MIL-OSI USA: Shaheen, Hassan Help Reintroduce Bipartisan SHRED Act to Keep Ski Fees Local, Support New Hampshire Recreation Management
US Senate News:
Source: United States Senator for New Hampshire Jeanne Shaheen

(Washington, DC) – U.S. Senators Jeanne Shaheen (D-NH) and Maggie Hassan (D-NH) helped reintroduce the Ski Hill Resources for Economic Development (SHRED) Act, led by U.S. Senators Michael Bennet (D-CO) and John Barrasso (R-WY). The bipartisan bill would fuel investment in outdoor recreation in mountain communities by enabling National Forests like the White Mountain National Forest to retain a portion of the annual fees paid by ski areas operating within their boundaries.

“During the winter, New Hampshire’s stunning White Mountains and impressive ski slopes attract Granite State residents and tourists alike – making it a key pillar of our outdoor recreation economy,” said Shaheen. “This bipartisan bill will reinvest ski fees to improve ski areas and support overall recreation in the White Mountain National Forest. I’ll continue supporting commonsense investments in our recreation economy to benefit local communities and preserve our landscapes for generations to come.”

“New Hampshire’s ski resorts are cornerstones of our winter tourism industry and our state’s economy,” said Hassan. “The SHRED Act is a commonsense, bipartisan bill that will help strengthen our local communities by ensuring that ski fees are invested in maintaining and improving the places that make New Hampshire a premier destination for winter sports. This legislation will benefit both our local communities and the millions of visitors who come to experience the Granite State’s natural beauty.”

In exchange for using some of America’s most stunning forestlands, the 124 ski areas operating on Forest Service lands across the country pay fees to the Forest Service that average over $40 million annually. The SHRED Act would establish a framework for local National Forests to retain a portion of ski fees to offset increased recreational use and support local ski permit and program administration. The SHRED Act also provides the Forest Service with flexibility to direct resources where they are needed the most.

Specifically, the SHRED Act would invest in the Granite State by:
- Keeping Ski Fees Local: By establishing a Ski Area Fee Retention Account to retain the fees that ski areas pay to the Forest Service. For National Forests that generate ski fees, 80 percent of those fees are available for authorized uses at the local National Forest. The remaining 20 percent of those fees would be available to assist any National Forests with winter or broad recreation needs.
- Supporting Winter Recreation: In each forest, 75 percent of the retained funds are directly available to support the Forest Service Ski Area Program and permitting needs, process proposals for ski area improvement projects, provide information for visitors and prepare for wildfire. Any excess funds can be directed to other National Forests with winter or broad recreation needs.
- Addressing Broad Recreation Needs: In each forest, 25 percent of the retained funds are available to support a broad set of year-round local recreation management and community needs, including special use permit administration, visitor services, trailhead improvements, facility maintenance, search and rescue activities, avalanche information and education, habitat restoration at recreation sites and affordable workforce housing. This set-aside would dramatically increase some Forest Service unit’s budgets to meet the growing visitation and demand for outdoor recreation.
Shaheen and Hassan have long led efforts in Congress that support and invest in New Hampshire’s tourism and travel industries that fuel local economies across the state. Shaheen led her bipartisan Outdoor Recreation Jobs and Economic Impact Act into law to require the federal government to measure the impact of the outdoor recreation on the economy. In November 2024, Shaheen applauded the release of an annual report showing a $1.2 trillion economic contribution by the outdoor recreation sector in 2023, including adding $3.9 billion to New Hampshire’s economy. In New Hampshire, outdoor recreation accounts for 3.4% of gross domestic product (GDP) and employs 32,000 people, which is a 2.9% increase in jobs.

Shaheen and Hassan led efforts to help secure full funding and permanent authorization for the Land and Water Conservation Fund (LWCF), which has helped protect more than 2.5 million acres of land and supported tens of thousands of state and local outdoor recreation projects throughout the nation. In 2020, the Senators helped lead the Great American Outdoors Act into law to permanently fund the LWCF and provide mandatory funding for deferred maintenance on public lands.
MIL OSI USA News –
February 11, 2025
MIL-OSI Europe: Answer to a written question – Controversial dental tourism to non-EU countries – E-002389/2024(ASW)
Source: European Parliament

The Commission recognises that many EU citizens seek medical and dental treatments abroad, driven by cost differences or limited public coverage of costs in their home countries.

To monitor this trend, the Commission collects annual data on patient mobility within EU/ European Economic Area (EEA) countries.

It is important to note that data from non-EU countries are not included in these reports. The data are broadly categorised into planned and unplanned treatments; however, they do not provide specific disaggregation for dental treatments. For further details, the last available report is accessible online[1].

Cross-border healthcare within the EU is governed by Directive 2011/24/EU[2] and the Social Security Coordination Regulations[3]. These legislative frameworks address key aspects such as treatment, reimbursement, patient safety, and liability issues.

However, they do not apply to healthcare services outside the EU, EEA, and Switzerland, except for the United Kingdom, where social security provisions similar to the regulations apply thanks to the Withdrawal Agreement and the Trade and Cooperation Agreement.

The Commission has no legal framework for healthcare services accessed outside the EU or EEA countries, Switzerland, and the United Kingdom.

Citizens are strongly advised to consult their respective National Contact Points (NCPs) designated at the national level in accordance with Directive 2011/24/EU[4].

The NCPs can provide information to the patients about their rights to cross-border healthcare, including conditions for reimbursement and procedural requirements, such as the authorisation process for planned treatments and applicable tariffs, among others.
- [1] https://health.ec.europa.eu/latest-updates/data-cross-border-patient-healthcare-following-directive-201124eu-reference-year-2022-2024-04-19_en
- [2] http://data.europa.eu/eli/dir/2011/24/oj
- [3] https://employment-social-affairs.ec.europa.eu/policies-and-activities/moving-working-europe/eu-social-security-coordination/frequently-asked-questions/faq-social-security-regulations_en
- [4] http://data.europa.eu/eli/dir/2011/24/oj
MIL OSI Europe News –
February 11, 2025
MIL-OSI Asia-Pac: Mahakumbh 2025: Famous Travel Writers from Britain to visit Prayagraj on February 25-26

Source: Government of India (2)

Posted On: 10 FEB 2025 7:14PM by PIB Delhi

The grandeur and divinity of the Prayagraj Kumbh Mela 2025 are not only attracting pilgrims from across the country but also drawing the attention of foreign tourists and travel writers. In this context, a group of famous travel writers from Britain will visit the Mahakumbh in Prayagraj, on 25^th – 26^th February. During this trip, the group will explore not only the Kumbh Mela but also other religious, historical, and cultural sites.

UP Tourism Minister Shri Jayveer Singh mentioned that Uttar Pradesh has immense tourism potential, but it needs to be promoted among foreign tourists. To achieve this, international-level travel writers and journalists are being invited to present the state’s tourism sites on a global stage. The visit of the British travel writers is part of this effort, aimed at firmly establishing Uttar Pradesh’s cultural and religious heritage on the global tourism map.

Special plans have been prepared by the Tourism and Culture Department for foreign tourists during the Mahakumbh, so they can experience this unique event. The government is providing accommodation facilities, guide services, digital information centers, and organizing various cultural programmes to give foreign tourists the opportunity to connect with Indian culture and traditions.

The group of British travel writers will not only visit the Kumbh Mela but will also tour Prayagraj and other important sites. During this visit, they will explore sites such as the Prayagraj Fort, Anand Bhawan, Akshayavat, Alfred Park, and the Sangam area. Additionally, they will closely visit Uttar Pradesh’s other major tourist destinations, including Ayodhya, Varanasi, and Lucknow, to witness the state’s historical and cultural heritage.

The visit of the British travel writers will be a significant milestone to promote tourism in the State. This visit will not only help showcase the grandeur of the Kumbh Mela to the world but also play an essential role in establishing Uttar Pradesh as a major global tourism destination. The government aims to ensure that Uttar Pradesh’s rich heritage, spiritual sites, and natural beauty are recognized internationally and the state is included among the top tourism destinations in the world.

*****

AD/VM

(Release ID: 2101470) Visitor Counter : 45

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Asia-Pac: AI Technology and Digital Platform in Tourism Sector

Source: Government of India

Posted On: 10 FEB 2025 5:21PM by PIB Delhi

Development of Tourism is primarily undertaken by the concerned State Governments (SGs)/Union Territory Administrations (UTA’s). However, the Ministry of Tourism complements these efforts by providing financial assistance to the State Governments and Union Territories under its various infrastructure schemes. The Ministry is further encouraging the State Governments to include soft components involving the use of technology to enhance visitor experience at major tourist destinations in the project proposals formulated by them for sanctioning under such schemes.

The Ministry has launched the revamped version of Incredible India Digital Platform (IIDP) as a comprehensive resource for travellers and stakeholders interested in exploring the country’s rich cultural heritage, natural beauty, and diverse attractions of the country including Rajasthan. The Incredible India Digital Platform (IIDP) personalizes visitor experiences by offering real-time weather updates, city exploration, and essential travel services. The portal has also partnered with several OTAs (Online Travel Agents) and Stakeholders for seamless booking of flights, hotels, cabs, and buses and tickets for ASI monuments.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101372) Visitor Counter : 78

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Asia-Pac: Growth in Foreign Tourist Arrivals
Source: Government of India

Posted On: 10 FEB 2025 5:20PM by PIB Delhi

As per data from the Bureau of Immigration, India recorded 9.52 million Foreign Tourist Arrivals (FTAs) in 2023, reflecting a 47.9% increase compared to 2022 year which account for Foreign Exchange Earnings (FEEs) of Rs.2,31,927 crore with a growth of 36.5%.

The growth in Foreign Tourist Arrivals (FTAs) is mainly driven by the post-pandemic revival of global travel and increasing confidence in India as a diverse and culturally rich destination. Enhanced air connectivity has improved accessibility to key tourist spots, while continuous development of tourism infrastructure has elevated the visitor experience. Additionally, targeted domestic and international marketing campaigns have strengthened India’s global appeal, positioning it as a premier destination for travelers worldwide.

Furthermore, Ministry of Tourism has taken several steps/initiatives over the years to give boost to the tourism sector in the country, details of which are:
- The Ministry of Tourism under the schemes of ‘Swadesh Darshan’, ‘National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD)’ and ‘Assistance to Central Agencies for Tourism Infrastructure Development’ provides financial assistance to State Governments/Union Territory Administrations/Central Agencies for the development of tourism related infrastructure and facilities at various tourism destinations in the country.
- Ministry of Tourism through its various campaigns and events promotes various tourism destinations and products of India in domestic and international markets. Some of the initiatives are Dekho Apna Desh campaign, Chalo India campaign, International Tourism Mart, Bharat Parv.
- The Incredible India Content Hub was launched which is a comprehensive digital repository, featuring a rich collection of high-quality images, films, brochures, and newsletters related to tourism in India. Promotions are also carried out through the web-site – www.incredibleindia.org and social media handles of the Ministry.
- Thematic tourism like wellness tourism, culinary tourism, rural, eco-tourism, etc. amongst other niche subjects are promoted so as to expand the scope of tourism into other sectors as well.
- Enhance the overall quality and visitor experience through initiatives focused on capacity building, skill development such as ‘Capacity Building for Service Providers’, ‘Incredible India Tourist Facilitator’ (IITF), ‘Paryatan Mitra’ and ‘Paryatan Didi’.
- For improving air connectivity to important tourist destinations, Ministry of Tourism has collaborated with Ministry of Civil Aviation under their RCS-UDAN Scheme. As on date, 53 tourism routes have been operationalized.
- e-Visa scheme is now available to 167 countries and it is available for 9 sub-categories:
i.      e-Tourist Visa

ii.      e-Business Visa

iii.     e-Medical Visa

iv.     e-Conference Visa

v.      e-Medical Attendant Visa

vi.     e-Ayush Visa

vii.    e-Ayush Attendant Visa

viii. e- Student Visa

ix.     e-Student X Visa

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101371) Visitor Counter : 67

MIL OSI Asia Pacific News –
February 11, 2025
MIL-OSI Asia-Pac: International Co-Operation in Tourism Sector

Source: Government of India

Posted On: 10 FEB 2025 5:19PM by PIB Delhi

The Government of India works with other countries to promote tourism through bilateral and multilateral arrangements that encourage information sharing, ease of travel, and other areas of cooperation for the promotion and development of tourism. India is also a member of global tourism organizations like the United Nations World Tourism Organization (UNWTO), Association of Southeast Asian Nations (ASEAN), Group of Twenty (G20), Group of Seven (G7), South Asian Association for Regional Cooperation (SAARC), BRICS (Brazil, Russia, India, China, and South Africa), etc. helping shape tourism policies and support sustainable travel. These efforts are to attract more tourists to India and also to strengthen cultural and economic ties with other nations, contributing to India’s vision of sustainable and inclusive tourism initiatives.

India is promoted as a holistic tourism destination by showcasing its diverse offerings, including heritage, culture, spirituality, wellness, adventure and eco-tourism. To promote tourism, the Ministry undertakes several initiatives in international and domestic markets, including media campaigns, social media promotions, webinars and participation in promotional events. Additionally, Indian Missions abroad conduct various activities to attract global travelers to India’s diverse tourist destinations, contribute to strengthening India’s position as a preferred travel destination on the global map.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101368) Visitor Counter : 68

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Asia-Pac: Tribal Homestays under Swadesh Darshan Scheme

Source: Government of India

Posted On: 10 FEB 2025 5:17PM by PIB Delhi

Government has approved the initiative to develop tribal home-stays under Swadesh Darshan scheme of the Ministry of Tourism as part of ‘Pradhan Mantri Janjatiya Unnat Gram Abhiyan’. The said intervention includes development of 1000 homestays with support of upto ₹5 Lakh per unit (for new construction), upto ₹3 Lakhs (renovation) and ₹5 lakh for village community requirement.

The Ministry of Tourism has formulated draft guidelines for the said initiative and circulated to all concerned for consultation. As per the draft guidelines, the objective of the initiative is to develop homestays in tribal areas to promote responsible tourism and enhance livelihood opportunities for tribal communities. The draft guidelines also focus on technical up-skilling and training of the Homestay owners.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101364) Visitor Counter : 63

MIL OSI Asia Pacific News –

February 11, 2025

MIL-OSI Asia-Pac: Domestic Tourism Growth

Source: Government of India

Posted On: 10 FEB 2025 5:17PM by PIB Delhi

The Ministry of Tourism has formulated a National Strategy for Sustainable Tourism and the following strategic pillars have been identified for development of sustainable tourism:

i. Promoting Environmental Sustainability

ii. Protecting Biodiversity

iii. Promoting Economic Sustainability

iv. Promoting Socio-Cultural Sustainability

v. Scheme for Certification of Sustainable Tourism

vi. IEC and Capacity Building Governance

The Ministry also launched the Travel for LiFE Initiative to promote sustainable tourism in the country and to encourage the tourists and tourism businesses to adopt sustainable tourism practices. Travel for LiFE aims to promote sustainable tourism in the country, through mindful and deliberate actions mobilized toward tourists and tourism businesses in the consumption of tourism resources. The Ministry of Tourism has also revamped its Swadesh Darshan scheme as Swadesh Darshan 2.0 (SD2.0) with the objective of developing sustainable and responsible destinations following a tourist & destination centric approach. Through these initiatives, the Government seeks to ensure that tourism contributes positively to the economy while safeguarding the environment and benefiting local communities. The list of projects sanctioned under the schemes of the Ministry in various States/Union Territories including in South India are placed at Annexure.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

ANNEXURE

State wise list of projects sanctioned under PRASHAD Scheme.

(Rs. in Crore)
S. No	Name of State/UT	No. of Projects	Sanctioned Amount	Amount released
1	Andhra Pradesh	4	150.22	84.55
2	Arunachal Pradesh	1	37.88	21.95
3	Assam	1	29.8	29.8
4	Bihar	2	33.25	33.25
5	Chhattisgarh	1	48.44	32.13
6	Gujarat	4	152.94	113.48
7	Goa	1	16.46	0
8	Haryana	1	48.53	34.68
9	Jammu & Kashmir	1	40.46	34.3
10	Jharkhand	1	36.79	34.95
11	Karnataka	1	45.71	0
12	Kerala	1	45.19	45.19
13	Madhya Pradesh	2	93.92	78.67
14	Maharashtra	1	42.18	29.93
15	Meghalaya	1	29.29	24.92
16	Mizoram	1	44.89	13.18
17	Nagaland	2	43.38	32.24
18	Odisha	1	50	10
19	Punjab	2	37.97	23.89
20	Rajasthan	1	32.64	26.11
21	Sikkim	1	33.32	28.31
22	Tamil Nadu	2	18.85	18.85
23	Telangana	3	142.28	54.32
24	Tripura	1	34.43	25.62
25	Uttar Pradesh	6	130.27	110.82
26	Uttarakhand	3	145.28	83.37
27	West Bengal	1	30.03	23.39
	Grand Total	47	1594.4	1047.92

State wise list of projects under Swadesh Darshan Scheme till 31.12.2024

(₹ in crore)

S. No	State / UTs	Swadesh Darshan
S. No	State / UTs	No. of Projects	Amount Sanctioned in ₹ Crore	Amount Released / Authorised* in ₹ Crore	Amount Utilised in ₹ Crore (as per UC submitted by the Implementing agency)
1	Andhra Pradesh	3	152.62	147.40	148.81
2	Arunachal Pradesh	2	146.49	139.16	139.16
3	Assam	2	185.66	185.65	176.36
4	Bihar	5	262.72	250.37	247.03
5	Chhattisgarh	1	96.10	94.23	94.23
6	Goa	2	197.00	197.00	195.24
7	Gujarat	3	176.97	165.74	161.11
8	Haryana	1	77.39	76.74	76.74
9	Himachal Pradesh	1	68.34	64.54	62.56
10	Jammu & Kashmir and Ladakh	6	519.58	453.46	423.43
11	Jharkhand	1	30.44	28.04	28.04
12	Kerala	5	312.47	259.13	222.05
13	Madhya Pradesh	4	349.70	342.14	342.14
14	Maharashtra	2	64.53	61.29	55.85
15	Manipur	2	117.57	106.65	104.29
16	Meghalaya	2	184.10	184.07	176.08
17	Mizoram	2	158.63	145.35	145.35
18	Nagaland	2	195.50	195.50	190.63
19	Odisha	1	70.82	67.28	59.47
20	Punjab	1	85.32	81.05	81.05
21	Rajasthan	4	283.47	265.88	275.45
22	Sikkim	2	193.37	192.73	187.96
23	Tamil Nadu	1	73.13	71.03	71.03
24	Telangana	3	268.39	241.73	262.10
25	Tripura	2	127.68	113.01	100.13
26	Uttar Pradesh	8	490.95	452.08	437.39
27	Uttarakhand	2	145.49	138.08	138.11
28	West Bengal	1	67.99	65.07	65.07
29	Andaman & Nicobar Islands	1	27.57	22.13	22.08
30	Puducherry	3	142.84	135.54	135.34
31	Wayside Amenities in Uttar Pradesh and Bihar	1	15.07	14.32	15.83
Total		76	5287.90	4956.39	4840.11

* Includes amount of authorization to CNA through TSA Model I for Central Sector Scheme.

List of sanctioned projects under Swadesh Darshan 2.0 as on 31.12.2024

S. No	State	Destination	Name of the Experience	Sanctioned Cost (₹ Crore)	Date of Sanction
1	Andhra Pradesh	Araku-Lambasingi	Borra Cave Experience at Araku	29.87	05-03-2024
2	Arunachal Pradesh	Nacho	Unlock Nacho Expedition	14.02	05-03-2024
3	Arunachal Pradesh	Mechuka	Mechuka Cultural Haat	18.48	05-03-2024
4	Arunachal Pradesh	Mechuka	Mechuka Adventure Park	12.75	05-03-2024
5	Assam	Kokrajhar	Kokrajhar Wetland Experience	26.67	05-03-2024
6	Assam	Jorhat	Reimagining Cinnamara Tea Estate	23.91	05-03-2024
7	Goa	Porvorim	Porvorim Creek Experience	23.56	20-08-2024
8	Goa	Colva	Colva Beach Experience	15.65	20-08-2024
9	Karnataka	Hampi	Setting up of ‘Traveller nooks’	25.64	29-02-2024
10	Karnataka	Mysuru	Tonga ride Heritage experience zone	2.72	29-02-2024
11	Karnataka	Mysuru	Ecological Experience Zone	18.47	05-03-2024
12	Kerala	Kumarakom	Kumarakom Bird Sanctuary Experience	13.92	05-03-2024
13	Ladakh	Leh	Julley Leh Biodiversity Park	24.89	05-03-2024
14	Ladakh	Kargil	Exploring LOC and Hundarman village Experience	12.01	05-03-2024
15	Madhya Pradesh	Gwalior	Phoolbagh Experience Zone	16.73	29-02-2024
16	Madhya Pradesh	Chitrakoot	Spiritual experience at Chitrakoot	27.21	05-03-2024
17	Maharashtra	Pune	Shivsrushti Historical Theme Park- Phase 3	76.22	21-09-2024
18	Meghalaya	Sohra	Waterfall Trails Experience	27.84	05-03-2024
19	Meghalaya	Sohra	Meghalayan Age Cave Experience	32.45	04-03-2024
20	Nagaland	Chumoukedima	Eco-Tourism Exp at Chumoukedima viewpoint	7.87	20-08-2024
21	Nagaland	Chumuoukedima	Tribal Cultural Experience at Midway Retreat	21.56	05-03-2024
22	Puducherry	Karaikal	Karaikal beach and waterfront experience	20.29	05-03-2024
23	Punjab	Kapurthala	Eco Tourism experience at Kanjli wetland	20.06	05-03-2024
24	Punjab	Amritsar	Border Tourism Experience at Attari	25.90	20-08-2024
25	Rajasthan	Bundi	Spiritual Experience, Keshavraipatan	17.37	29-02-2024
26	Sikkim	Gyalshing	Eco-Wellness Experience at Yuksom Cluster	15.40	05-03-2024
27	Sikkim	Gangtok	Gangtok Cultural Village	22.59	29-02-2024
28	Tamil Nadu	Mamallapuram	Immersive experience at Shore Temple	30.02	29-02-2024
29	Telangana	Bhongir	Bhongir Fort Experiential Zone	56.81	29-02-2024
30	Telangana	Ananathagiri	Eco tourism zone at Ananathgiri forest	38.00	05-03-2024
31	Uttar Pradesh	Prayagraj	Azad Park and Dekho Prayagraj Trail Exp	13.02	05-03-2024
32	Uttar Pradesh	Naimisaranya	Vedic- wellness Experience	15.94	05-03-2024
33	Uttarakhand	Pithoragarh	Rural Tourism Cluster Experience at Gunji	32.20	05-03-2024
34	Uttarakhand	Champawat	Tea Garden Experience	11.21	05-03-2024
TOTAL AMOUNT				791.25

List of Destination Identified under Challenge Based Destination Development (CBDD), a sub-scheme of Swadesh Darshan scheme

S. No.	State	Destination	Category	Funding Amount (₹ Crore)
1	Andhra Pradesh	Nagarjuna Sagar	Culture & Heritage	25.00
2	Andhra Pradesh	Ahobilam Temple	Spiritual Tourism	25.00
3	Arunachal Pradesh	Kibitho	Vibrant Village Programme	5.00
4	Arunachal Pradesh	Bichom Dam Site	Ecotourism and Amrit Dharohar Sites	10.00
5	Assam	Sivasagar	Ecotourism and Amrit Dharohar Sites	10.00
6	Bihar	Bhagalpur	Culture & Heritage	25.00
7	Bihar	Saran Dist. (Sonepur Fair)	Culture & Heritage	25.00
8	Chhattisgarh	Mayali Bagicha	Ecotourism and Amrit Dharohar Sites	10.00
9	Goa	Mayem Village	Ecotourism and Amrit Dharohar Sites	10.00
10	Gujarat	Porbandar	Spiritual Tourism	25.00
11	Gujarat	Thol Village	Ecotourism and Amrit Dharohar Sites	10.00
12	Gujarat	Vadnagar	Culture & Heritage	25.00
13	Himachal Pradesh	Kaza	Culture & Heritage	25.00
14	Himachal Pradesh	Rakchham, Chhitkul	Vibrant Village Programme	5.00
15	Jharkhand	Ramrekha Dham	Spiritual Tourism	25.00
16	Kerala	Varkala	Culture & Heritage	25.00
17	Kerala	Thalassery	Spiritual Tourism	25.00
18	Karnataka	Bidar	Culture & Heritage	25.00
19	Karnataka	Udupi	Ecotourism and Amrit Dharohar Sites	10.00
20	Ladakh	Mushkoh Village	Ecotourism and Amrit Dharohar Sites	10.00
21	Lakshadweep	Lakshadweep	Ecotourism and Amrit Dharohar Sites	10.00
22	Madhya Pradesh	Mandu	Culture & Heritage	25.00
23	Madhya Pradesh	Orchha	Spiritual Tourism	25.00
24	Maharashtra	Ahmednagar	Culture & Heritage	25.00
25	Manipur	Langthabal Konug	Culture & Heritage	25.00
26	Meghalaya	Nartiang Village	Spiritual Tourism	25.00
27	Meghalaya	Mawphlang Village	Culture & Heritage	25.00
28	Nagaland	Doyang Reservoir	Ecotourism and Amrit Dharohar Sites	10.00
29	Nagaland	Impur Village	Spiritual Tourism	25.00
30	Puducherry	White Town	Culture & Heritage	25.00
31	Punjab	Ferozpur (Hussainiwala Border)	Culture & Heritage	25.00
32	Punjab	Rupnagar (Anandpur Sahib)	Spiritual Tourism	25.00
33	Sikkim	Gnathang Village	Vibrant Village Programme	5.00
34	Sikkim	Kabi	Spiritual Tourism	25.00
35	Tamil Nadu	Rameswaram Island	Spiritual Tourism	25.00
36	Tamil Nadu	Thanjavur	Culture & Heritage	25.00
37	Telangana	Nalgonda	Culture & Heritage	25.00
38	Telangana	Kamareddy	Ecotourism and Amrit Dharohar Sites	10.00
39	Uttar Pradesh	Mahoba	Culture & Heritage	25.00
40	Uttarakhand	Mana Village	Vibrant Village Programme	5.00
41	Uttarakhand	Jadung	Vibrant Village Programme	5.00
42	Uttarakhand	Kainchidham	Spiritual Tourism	25.00
TOTAL				800.00

List of Project shortlisted by Ministry of Tourism in consultation with the State Governments on the given parameters and funded by Department of Expenditure for development

S. No.	State/UT	Name of the Project	Sanctioned Cost (₹ Crore)	Date of Sanction
1	Andhra Pradesh	Enriching the fort and Gorge Experience in Gandikota	77.91	26-11-2024
2	Andhra Pradesh	Akhanda Godavari- (Havelok Bridge & Pushkar Ghat) in Raja Mahendravaram,	94.44	26-11-2024
3	Arunachal Pradesh	Siang Adventure & Eco-Retreat in Pasighat	46.48	26-11-2024
4	Assam	Assam State Zoo Cum Botanical Garden in Guwahati	97.12	26-11-2024
5	Assam	Beautification of Rang Ghar in Sivasagar	94.76	26-11-2024
6	Bihar	Development of Matsyagandha Lake in Saharsa	97.61	26-11-2024
7	Bihar	Karamchat Eco-Tourism and Adventure Hub in Karamchat	49.51	26-11-2024
8	Chhattisgarh	Development of Chitrotpala Film City in Raipur	95.79	26-11-2024
9	Chhattisgarh	Development of Tribal & Cultural Convention Centre in Raipur	51.87	26-11-2024
10	Goa	Chhatrapati Shivaji Maharaj Museum in Ponda	97.46	26-11-2024
11	Goa	Townsquare in Porvorim	90.74	26-11-2024
12	Gujarat	Ecotourism Destination at Kerly (Mokarsagar) in Porbandar	99.50	26-11-2024
13	Gujarat	Tented City and Convention Centre in Dhordo	51.56	26-11-2024
14	Jharkhand	Eco-Tourism Development of Tilaiyya” in Koderma	34.87	26-11-2024
15	Karnataka	Ecotourism & Cultural Hub at Roerich and Devika Rani Estate Tataguni in Bengaluru	99.17	26-11-2024
16	Karnataka	Development of Savadatti Yallammagudda in Belgavi	100.00	26-11-2024
17	Kerala	Ashtamudi Biodiversity and Eco-recreational Hub in Kollam	59.71	26-11-2024
18	Kerala	Global Gateway to Malabar’s Cultural Crucible in Sargaalayaa	95.34	26-11-2024
19	Madhya Pradesh	Orchha A Medieval Splendour in Orchha	99.92	26-11-2024
20	Madhya Pradesh	International Convention Centre for MICE in Bhopal	99.38	26-11-2024
21	Maharashtra	INS-Guldar Underwater Museum, Artificial Reef, and submarine Tourism in Sindhudurg	46.91	26-11-2024
22	Maharashtra	Development of RAM-KAL PATH in Nashik	99.14	26-11-2024
23	Manipur	Loktak Lake Experience in Loktak	89.48	26-11-2024
24	Meghalaya	MICE Infrastructure in Mawkhanu	99.27	26-11-2024
25	Meghalaya	Redevelopment of Umiam Lake in Shillong	99.27	26-11-2024
26	Odisha	Development of Hirakund	99.90	26-11-2024
27	Odisha	Development of Satkosia	99.99	26-11-2024
28	Punjab	Development of Heritage Street as a tribute to Shaheed-e-Azam, Sardar Bhaghat Singh at Khatkar Kalan in SBS Nagar	53.45	26-11-2024
29	Rajasthan	Development at Amber-Nahargarh and Surrounding Area in Jaipur	49.31	26-11-2024
30	Rajasthan	Development at Jalmahal in Jaipur	96.61	26-11-2024
31	Sikkim	Skywalk, Bhaleydhunga, Yangang in Namchi	97.37	27-11-2024
32	Sikkim	Border Experience in Nathula	68.19	27-11-2024
33	Tamil Nadu	Development of Nandavanam Heritage Park in Mammallapuram	99.67	26-11-2024
34	Tamil Nadu	Garden of Flowers in Devala	70.23	26-11-2024
35	Telangana	Ramappa Region Sustainable Tourism Circuit in Ramappa	73.74	13-12-2024
36	Telangana	Somasilla Wellness & Spiritual Retreat in Nallamala	68.10	13-12-2024
37	Tripura	Shakti Peethas Park at Banduar in Gomati	97.70	26-11-2024
38	Uttar Pradesh	Development of Bateshwar in District-Agra	74.05	26-11-2024
39	Uttar Pradesh	Integrated Buddhist Tourism Development in Shrawasti	80.24	26-11-2024
40	Uttarakhand	Iconic City Rishikesh: Rafting Base Station in Rishikesh	100.00	26-11-2024
TOTAL			3295.76

List of Projects Sanctioned under the Scheme Assistance to Central Agencies

S. No	Name of Project	State	Agency	Sanction Date	Amount sanctioned	Amount Released
1	Sound and Light Show at Dal Lake (Nigeen Lake)	J&K	ITDC	25-06-2012	500	400
2	Cruise Passenger Facilities Centre in the existing Passenger Terminal at Chennai Port.	Tamil Nadu	Chennai Port Trust	24-09-2012	1724.66	1724.66
3	Implementation of Multimedia /Laser show at Tilyar Lake	Haryana	ITDC	30-04-2013	500	224.05
4	Construction of Interpretation Centre at the World Heritage Site of Humayun’s Tomb, New Delhi.	Delhi	Aga Khan Foundation	04-03-2014	4944.84	4944.84
5	Cruise Terminal Building at Mormugao Port Trust	Goa	Mormugao Port Trust	24-06-2014	879.04	767.18
6	Sound & Light Show at Diu Fort, Diu	Daman & Diu	ITDC	28-02-2015	775.54	620.43
7	Illumination of monuments in Varanasi/Sarnath (Dhamekh Stupa in SarnathChaukhandi Stupa in Sarnath, Tomb of Lalkan in Sarnath and Man Mahal in Banaras).	Uttar Pradesh	ITDC	28-02-2015	512.43	381.47
8	Development of Kanoji Angre Lighthouse as a tourist Destination	Maharashtra	Mumbai Port Trust	09-08-2016	1500	1500
9	Development of a Walkway/Promenade on Willingdon Island, Cochin, Kerala	Kerala	Cochin Port Trust	28-10-2016	901	826.29
10	Central Financial Assistance for upgrading of Births & Backup area of Ernakulam Wharf	Kerala	Cochin Port Trust	31-03-2017	2141	1912.8
11	Project for Up-gradation of Golf Course at SAI Trivandrum Golf Club by the Sports Authority of India	Kerala	SAI	31-03-2017	2464.99	1232.49
12	Sound and Light Show at Yadavindra Gardens, Pinjore, Haryana.	Haryana	ITDC	16-10-2017	600	300
13	Sound and Light Show at Puttaparthy, Andhra Pradesh	Andhra Pradesh	ITDC	27-11-2017	708.67	354.34
14	Up-gradation/ modernization to International Cruise terminal at Indira Dock, Mumbai.	Maharashtra	Mumbai Port Trust	29-12-2017	1250	1250
15	Illumination of three monuments in Varanasi, Uttar Pradesh- 1. Dashashwamedh Ghat to Darbhanga Ghat (stretch of 300 m) 2. Tulsi Manas Mandir 3. Sarnath Museum	Uttar Pradesh	CPWD	21-12-2017	293.55	293.55
16	Infrastructural Development at JCP Attari, Wagha Border	Punjab	BSF	12-06-2018	1312	1029.59
17	Improvement of immigration facility and deepening of existing cruise berth at Mormugao Port Trust	Goa	Mormugao Port Trust	24-08-2018	1316.4	658.2
18	Developing infrastructure at Cochin Port Cruise Terminal.	Kerala	Cochin Port Trust	12-12-2018	120.79	114.17
19	Creation of additional tourism facilities at the Cochin Port Trust Walkway	Kerala	Cochin Port Trust	12-12-2018	466.47	466.47
20	Construction of Cruise-Cum-Costal Cargo Terminal at Channel berth area in Outer Harbour of Visakhapatnam Port	Andhra Pradesh	Visakhapatnam Port Trust	14-12-2018	3850	2991
21	Restoration/ Renovation of ‘Jallianwala Bagh Memorial’ & Additional work to be taken at Jallianwala Bagh National Memorial at Amritsar, Punjab.	Punjab (GFR)	ASI	08-03-2019	2302	2250
22	Sound and Light Show at (Purana Quila) Delhi	Delhi	ITDC	05-08-2019	1404	685
23	Development of Additional infrastructure in the new Cochin Port Trust Terminal	Kerala	Cochin Port Trust	13-12-2019	1029.7	888.62
24	Illumination of Building of National Gallery of Modern Art	Delhi	NCSM	19-12-2019	380	304
25	Development & renovation of selected facilities of National Museum	Delhi	NCSM	26-12-2019	4373	2186
26	Development of Jetties at 9 main points of embarkation/disembarkation of River Cruize on National Water ways No. 1 & 2	Assam	IWAI	28-04-2020	2803.05	700.76
27	Tourism Infrastructure at Beltaal Lake, Damoh, Madhya Pradesh by ITDC.	Madhya Pradesh	ITDC	29-09-2020	2315.30	1008.27
28	Sound & Light Show at Leh, Ladakh & Water Screen Projection Multimedia Show at Tourist Facilitation Centre, Kargil, Ladakh	Leh & Ladakh	ITDC	26-11-2020	2321.99	765.99
29	3D visual projection mapping of NGMA Building	Delhi	NCSM	31-03-2021	616.27	464.58
30	Development of Convention Centre and associated Infrastructure at Aizawl.	Mizoram	WAPCOS	31-03-2021	3994.75	3057.03
31	Development of International and Domestic Cruse Terminal and allied facilities at Murmugao Port Trust, Goa	Goa	Mormugao Port Trust	10-09-2021	5000	4000
32	Upgradation/Modernization to International Cruise Terminal at Indira Dock, Mumbai Port Trust	Maharashtra	Mumbai Port Trust	20-12-2021	3750	3000
33	Development of 22 viewpoints in North Eastern State (i) Nagaland (2 view points)- Rs.5.77 Crore (ii) Meghalaya (3 view points) – Rs.6.26 Crore (iii) Mizoram (9 view points)- Rs.12.78 Crore (iv) Arunachal Pradesh (4 view points) – Rs.6.25 Crore (v) Manipur (3 view points)- Rs.5.93 Crore (vi) Sikkim/West Bengal (1 view point)- Rs.3.70 Crore	NER	NHIDCL	11-10-2022	4444	3555.4
34	Development of Border Tourism at Shri Tanot Complex, Jaisalmer Sector	Rajasthan	BSF	05-07-2022	1767.66	883.83
35	Multimedia Laser Show with Water Screen and Musical Fountain at Sanjeevaiah Park, Hyderabad, Telangana	Telangana	BECIL	31-10-2022	5000.04	4090
36	Design, Supply, Installation, Testing & Commissioning of Digital Multimedia Technology and Lightings at Osmania Arts University, Hyderabad Telangana	Telangana	BECIL	22-12-2022	1179.93	943.47
37	Project ‘Major Upgradation of National Science Centre	Delhi	NCSM	27-03-2023	3180	18
38	Installation of Musical Fountain & Water Screen Multimedia based projection show at Nawal Sagar Lake, Bundi	Rajasthan	ITDC	04-10-2023	925.67	92.57
39	Development of Light & Sound and Multimedia Show at Rashtrapati Bhawan	Delhi	ITDC	28-03-2024	4712.4	471
40	3D Mapping with Aqua Screen Projection and Sound Show at Buxar, Bihar and Dynamic Lighting & Motif at Ram Rekha Ghat, Bihar	Bihar	BECIL	10-06-2024	599.96	59.99
	Total (Lakhs)				78,861.10	51,416.04

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101365) Visitor Counter : 70

MIL OSI Asia Pacific News –

February 11, 2025

MIL-OSI Asia-Pac: Maha Kumbh, 2025

Source: Government of India

Posted On: 10 FEB 2025 5:15PM by PIB Delhi

Ministry of Tourism is promoting Maha Kumbh 2025 through various initiatives. Ministry has set up an Incredible India Pavilion in Mela area to provide information, and to engage tourists including foreign tourists, media, influencers etc.

New creatives, a Digital brochure of various tour packages, flight options, accommodation options offered by UPSTDC, IRCTC, Airlines etc. for Maha Kumbh have been prepared and circulated. Additionally, a dedicated Maha Kumbh Tourist Infoline (1800111363) has been established for tourists.

The promotion of Maha Kumbh is also being done through social media handles of Ministry of Tourism.

India Tourism Development Corporation (ITDC), a PSU of Ministry of Tourism has setup 80 Luxury tent accommodation at Tent City, Prayagraj.

Ministry of Culture has set up a cultural village viz. Kalagram in Mela Area through North Central Zone Cultural Centre, which features Anubhut Mandapam, Artists performances, Food zone, display and sale of traditional Indian Handicrafts and Handlooms etc.

Organization, Enhancement of infrastructure and facilities including safety, security, and well-being of tourists, pilgrims and other stakeholders is subject of the State Government.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101360) Visitor Counter : 75

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Asia-Pac: Projects under Swadesh Darshan and Sustainable Tourism Scheme

Source: Government of India

Posted On: 10 FEB 2025 5:14PM by PIB Delhi

Ministry of Tourism launched its Swadesh Darshan scheme in 2014-15 and sanctioned 76 projects in the country under identified thematic circuits for ₹5287.90 Crore in this scheme. The Ministry revamped the Swadesh Darshan scheme as Swadesh Darshan 2.0 with the objective to develop sustainable and responsible tourism destinations in the country and has sanctioned 34 projects for ₹791.25 Crore.

The projects under the scheme are considered for sanctioning in consultation with the concerned State Governments/UT Administrations and on receipt of the project proposals from them, subject to adherence to the scheme guidelines, instructions issued by the Government from time to time, availability of funds, inter-se priority etc. Further, Ministry of Tourism regularly undertakes review meetings with the State Governments at different levels to ensure successful implementation of the sanctioned projects including those sanctioned at lesser known destinations.

Ministry of Tourism promotes various tourist destinations and products of the country including lesser known destinations in domestic and international markets in a holistic manner under the brand line of ‘Incredible India’. Such promotions are undertaken through various ongoing initiatives such as social media posts, promotional website, organizing events, extending support to tourism related fairs and festivals, participation in road shows etc.

This information was given by Union Minister for Tourism and Culture Shri Gajendra Singh Shekhawat in a written reply in Lok Sabha today.

***

Sunil Kumar Tiwari

tourism4pib[at]gmail[dot]com

(Release ID: 2101357) Visitor Counter : 66

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI United Kingdom: Derry and Strabane Council agrees its budget for 2025/26

Source: Northern Ireland – City of Derry

Derry and Strabane Council agrees its budget for 2025/26

10 February 2025

Derry City and Strabane District Council today agreed its budget for the incoming 2025/26 financial year and set a District Rates increase for ratepayers of 4.92%.

This will see an average rates bill increasing by £28.96 per annum or 56 pence per week. The regional rate, set by Central Government, will be determined by the end of March, and will also have an impact on the overall rates bill.

The budget was set at a Special Meeting of Council today, Monday, 10th February 2025, where it was highlighted that the increase comprised a 3.42% baseline increase to cover the significant statutory financial challenges and service demands facing Council along with a 1.50% rates investment towards the financing of Council’s hugely ambitious and exciting capital strategy.

In terms of the baseline increase, Members were advised of the range of statutory pressures and new service demands facing Council services including pay pressures, Employer’s national insurance costs and cost inflation which have been partially offset by some rate-base growth, additional waste income and continued efficiencies across Council services.

It was outlined to Members at the meeting that pay pressures continue to be a significant issue for Council, particularly in the current year whereby the Employer’s national insurance increases imposed by the recent UK budget have added circa £1.1m to Council’s pay bill and have had a direct 1.21% impact on rates bills. Unfortunately, despite ongoing lobbying by Councils, no funding has been confirmed from Treasury to offset this additional cost for public sector employers in Northern Ireland.

Facilitated by new waste income, the baseline rates position also includes investment of £1.266m (1.64%) towards the reinstatement of previously implemented service cuts as well as new service pressures and demands. These include costs associated with assuming the responsible reservoir manager role at Creggan Reservoir; addressing budgetary and resourcing pressures within our key core front line services e.g. grounds maintenance, refuse collection, street cleansing and cemeteries; additional investment into grant aid programmes within sports development, community centre venues, consensual local growth partnerships, advice and cultural organisations; additional resources within community services to address emerging and immediate priorities e.g. Whole Systems approach to Obesity and Ending Violence against Women and Girls strategy; as well as additional tourism resource focused on screen and food tourism.

This year’s budget will therefore allow Council to continue to provide critical frontline services to ratepayers with a clear focus and commitment to protecting jobs as well as the continued provision of funding to organisations who rely on Council support to deliver community services and projects.

Central to this year’s rates process is the substantial positive progress made to Council’s capital funding strategy and our ambitious capital development plans. To date over £200m of capital projects have been completed or are progressing with full funding in place. These include Acorn Farm, Derg Active, Daisyfield Sports Hub, new Northwest cemetery provision at Mullenan Road, the DNA Museum and COVID recovery small settlements investment across the District, as well as the recently approved Riverine and Strabane Public Realm projects.

The additional 1.50% rates capital investment agreed today along with funding expected to be secured from the Northern Ireland Executive towards City of Derry Airport will go towards financing Council’s hugely ambitious and exciting capital financing strategy. Building on the investment secured following the signing of the transformative City Deal and Inclusive Future Fund investment plan in September 2024, Council will now have financing of up to £100m in place towards it’s 2 key strategic leisure aspirations in Templemore and Strabane. This will enable the 2 projects to progress to detailed design, consultation and planning with some further rates investment in 2026/27 and 2027/28 allowing the projects to progress to construction. 2025/26 will also see options and costings being further progressed and detailed designs developed for new civic/ commercial office development as a key component of the wider aspirations for the future Central Riverfront development and university expansion.

Members were also informed that, whilst work progresses across the Council District on Council’s fully funded programme of community and statutory capital projects, this years’ rates investment would ensure an additional £10m of funding could be made available to progress several further projects. This will supplement the £4m funding previously earmarked for a range of these projects and the hope that Council investment can be further leveraged through the securing of external investment from Central Government. Following the conclusion of the rates process, immediate considerations by the Capital and Corporate projects Planning Group in respect of the prioritisation of projects will progress.

In conclusion, members in approving the agreed District rates increase have given Council authority to continue to press ahead with its ambitious plans to drive growth and investment across the City and Region as well deliver critical front-line services across the City and District.

The new agreed District rate for the year ending 31^st March 2026 is 39.5993 p in the £ for Non-Domestic properties and of 0.6369p in the £ for Domestic properties. This represents a 4.92% District rates increase for all ratepayers.

The Special Council meeting is available to watch back on the Council’s Youtube channel.

The accompanying reports and papers are available online at – https://meetings.derrycityandstrabanedistrict.com/ieListDocuments.aspx?CId=307&MId=2323&Ver=4https://meetings.derrycityandstrabanedistrict.com/ieListDocuments.aspx?CId=307&MId=2323&Ver=4

For more information on the rates visit our website at https://www.derrystrabane.com/about-council/rates/rates-2025-26

MIL OSI United Kingdom –

February 11, 2025
MIL-OSI New Zealand: Housing Market Trends – Intriguing year ahead for the housing market – Quality Valuation

Source: Quality Valuation (QV)

One month in and QV operation manager James Wilson says 2025 is already shaping up to be an intriguing year for the housing market – though you wouldn’t necessarily know it from looking at our latest figures.

The latest QV House Price Index shows that residential property values have once again increased slightly, edging upward by an average of 1.3% nationally in the January quarter. The average home is now worth $913,567, which is just 1.3% less than the same time last year and 14.1% below the market’s peak in late 2021.

“On the surface, we’re seeing a continuation in 2025 of the overwhelmingly flat theme that we saw throughout much of last year. This is to be expected, given the economic factors at play – namely high interest rates and credit constraints, sustained weakness in the labour market, and an oversupply of properties available for sale,” Mr Wilson said.

“However, we are also seeing less home value reductions now and what little growth there is does appear to be trending ever so slightly upward. At the same time, mortgage rates are falling and property sales volumes are building, which could pave the way for more substantial growth later this year. That won’t happen overnight, of course, but we will be actively monitoring this space with interest – as I’m sure many sellers, purchasers and investors will be throughout 2025.”

Of the main urban areas QV monitors across New Zealand Aotearoa, only three have recorded modest reductions this quarter – Whangarei (-0.3%), Hastings (-0.3%), and Queenstown (-1.5%). Otherwise, Auckland (1.4%), Hamilton (2.3%), Tauranga (1.4%), Napier (2.9%), Dunedin (2.3%) and especially Invercargill (3.8%) all recorded above-average increases in home value throughout the three months to the end of January 2025.

“Value strengthening across these main urban areas throughout the summer has propped up the nationwide results to some degree, with increased competition amongst buyers helping to stabilise and slowly strengthen home values,” said Mr Wilson.

However, he pointed out that there had also been an “uptick” this year in the number of properties available for sale across most centres nationwide, providing buyers with ample choice.

“Summer is traditionally the peak season for buying and selling, so it’s unsurprising to see more buyers and sellers in the market, especially as economic circumstances improve. What will be interesting to see is how long it takes for this excess stock to be absorbed, because that’s when we will see demand start to push prices up in a more substantial way. Once again, this will not happen overnight, but further interest rate reductions will certainly quicken the process.”

“For now, the cost of borrowing remains relatively restrictive, and the economy and therefore job market is still doing it tough. Investors and owner-occupiers are showing increasing interest in the property market but remain cautious overall, while first-home buyers are continuing to make up a larger proportion of the market in the meantime,” Mr Wilson concluded.

Download a high resolution version of the latest QV value map here. (ref. https://qv.us9.list-manage.com/track/click?u=7ea78a69a1f7991bf60632008&id=1c4137c6c2&e=12a3161b1f )

Northland

It has been a relatively flat start to the year for Northland’s housing market.

Home values eased downward by 0.2% across the wider region in January. And even on a longer timescale of a quarter, home values are only 0.6% higher than they were three months ago.

The average home value in the Far North is now $686,294, which is 2.8% lower than the same time last year. In Whangarei, the average value is $716,289, which is 3% less than the same time last year. The average home in Kaipara is worth $842,269, down 1.1% over the last 12 months.

Auckland

All bar one of the Super City’s seven former local council areas recorded a small rise in average home value this quarter.

The largest gains occurred this quarter on the North Shore (2.6%), in Auckland’s central suburbs (1.8%) and in Manukau (1.8%). Papakura was the lone exception; its average home value reduced by 0.8% to $880,173.

Taken as a whole, the region’s average home value increased by 1.4% throughout the January quarter to $1,245,951 – up slightly from the 1.3% quarterly growth recorded back in December. The average home in the Auckland region is now worth 3.5% less than the same time last year, and 19.2% less than the market’s peak in late 2021. The one-month change was just 0.1%.

Local QV registered valuer Hugh Robson said activity levels still remained relatively low, despite there being a growing number of properties available for purchase.

“January has tended to be a very quiet month, possibly due to the summer holidays. Reports from agents have been mixed – some say it is pretty dead, while others think it’s slowly picking up. We should have a better idea of the market by the end of February,” he said.

Bay of Plenty

It hasn’t been the hottest start to summer for Tauranga’s housing market.

Home values have increased by an average of just 1.4% this quarter. The city’s average home value is now $1,017,097, which is 1.1% less than the same time last year.

Meanwhile, average home values have also increased this quarter in Rotorua (0.6%), Whakatane (1%) and especially Opotiki (2.2%).

Waikato

The housing market remains flat-to-gently-rising across the wider Waikato region.

Home values have lifted by 1.2% on average this quarter, with Thames-Coromandel (3.1%), Hauraki (2.7%), Hamilton (2.1%) and South Waikato (5.9%) performing above average.

However, a number of districts have recorded average home value reductions this quarter, including Matamata-Piako (-0.2%), Waipa (-1.8%), Otorohanga (-1.5%), Waitomo (-0.1%) and Taupo (-2.1%).

Taranaki

‘Flat’ remains the best word to describe the current home value trend in Taranaki.

Although values have increased modestly across the region by 1.3% this quarter, there was no growth on average during the month of January itself.

New Plymouth’s average home value is now $720,831, which is 0.7% higher than the same time last year. South Taranaki and Stratford are both still showing negative home value growth annually of 0.3% and 2.3% respectively.

Hawke’s Bay

The twin cities of Napier and Hastings have recorded very different quarters.

The average home value increased by 2.9% to $753,155 this quarter in Napier, and it reduced by 0.3% to $771,382 this quarter in Hastings.

Annually, home values in Napier are now 1% lower on average, and they are 3.2% less than the same time last year in Hastings.

Palmerston North

Home values continue to gently rise in Palmerston North.

January marked Palmerston North’s fourth month of growth in a row. The city’s average home value increased by 1.1% this quarter to reach $638,441.

That figure is 1.1% lower than at the same time last year and 17.7% less than the local housing market’s peak three years ago.

Wairarapa

Home values have gently fallen across the Wairarapa region during the month of January.

Masterton’s average home value decreased by 1.1% to $574,342 last month. At the same time, Carterton’s average home value also decreased by 0.6% to $629,499, and the average home value in South Wairarapa reduced by 1.1% to $771,529.

Wellington

Home values remain relatively static in the Wellington region.

The average home increased in value by just 0.5% throughout the three months to the end of January 2025 to reach $841,903. That figure is now 3% lower than the same time last year, and 23% lower than the market’s peak in late 2021.

Breaking the region down by local council area, the average home values in Kapiti Coast (3%) and Hutt City (0.9%) experienced some growth this quarter. Porirua (-0.3%) and Upper Hutt (-0.6%) recorded small quarterly losses, while Wellington City broke even.

QV senior consultant David Cornford said the region continued to face challenges. “While interest rates have decreased, other market forces such as high stock levels, increasing unemployment, lower net migration, and job insecurity is resulting in a largely soft market for the time being.”

“Wellington ended the year with a significant number of unsold properties. Now we are seeing a high number of properties being brought to the market in the New Year, increasing stock levels further. This is providing buyers with plenty of choice, reaffirming the fact that it remains a buyers’ market. Buyers generally have a lack of urgency and continue to take a cautious approach in their decisions,” Mr Cornford concluded.

Nelson

Nelson’s average home value has increased slightly for four consecutive months now.

Our latest figures show that the city’s average home increased in value by 1.2% this quarter to reach $789,580, including by 1% in the month of January itself. That average value is now 2% higher than the same time last year.

It is slightly more growth than in our previous QV House Price Index, which showed values grew by an average of 0.7% in the December quarter and by 0.2% in December itself.

West Coast

Housing figures on the West Coast continue to fluctuate from month to month as a result of low sales volumes.

However, on a longer time scale of a year, it is clear to see that home values in the region continue to hold up better than anywhere else. Average home values in Buller ($390,710), Grey ($461,806), and Westland ($470,108) are now 10.5%, 12.4%, and 8.5% higher annually respectively.

This is compared to a 1.3% annual decline in average home value nationally.

Canterbury

Christchurch’s average home value has increased slightly for the fourth straight month.

The city recorded a small 1.3% rise in average home value in the January quarter to reach $769,857. That figure is now 0.6% higher than the same time last year.

The average home value also lifted 1.3% to $717,399 this quarter in Waimakariri. Hurunui ($640,980) and Selwyn’s ($842,275) average home values also recorded smaller increases of 0.2% and 0.4% respectively.

Local QV senior consultant Olivia Brownie described these latest figures as being a “blend of stability and modest growth”. “As expected, we saw a dip in sales over the holiday period, yet a slight increase in the overall average home value,” she said.

“We anticipate a bit more growth over the summer months, attributed to factors such as lower mortgage rates and increased summer buyer activity. However, we still face market challenges and balancing growth prospects with prevailing economic challenges.”

Meanwhile, across the wider Canterbury region this quarter, the average home value in Ashburton increased by 0.8% to $569,159 and decreased by 1% to $530,585 in Timaru.

Otago

Residential property values also remain relatively stable across the Otago region.

Our latest QV House Price Index shows values in the region increased on average by just 0.5% this quarter. Central Otago (3.3%) and Dunedin (2.3%) performed above average; Clutha (-2%), Waitaki (-0.3%) and Queenstown (-1.5%) performed below average.

In the region’s largest city, Dunedin, the average home value is now $651,130, following three straight months of modest growth. The average home is now worth 2.8% more than the same time last year.

“The property market in Dunedin has been relatively stable compared to other New Zealand cities, showing resilience amid broader national trends,” said local QV registered valuer Rebecca Johnston. “It’s continues to be a buyers’ market with stable – albeit minimal – growth.”

“Demand appears to have weakened for higher density new build two-bedroom townhouses within the last several months, indicating that this market is currently somewhat saturated presently in Dunedin. Developers have recently introduced two-yearly rental guarantees, which have already been established in higher density townhouse developments areas elsewhere in the country.”

Queenstown

The average home value in Queenstown has experienced another small dip.

Our latest figures show that the average value reduced by 1.5% this quarter to $1,826,298. It follows a similar reduction of 1.4% in the three months to the end of December.

However, the tourist town’s average home value is still 1.1% higher than the same time last year.

Invercargill

Invercargill’s average home value has crossed the $500,000 mark for the first time.

Our latest QV House Price Index shows that the city’s average home value has increased this quarter by 3.8% to $500,286. That figure is 7.2% higher than the same time last year and now sits 0.4% above the local market’s previous peak in 2022.

Local QV registered valuer Andrew Ronald commented: “Invercargill’s housing market continues to demonstrate surprising resilience compared to New Zealand’s other main urban areas. I credit that to the strong local economy, which has been less affected by the current strong economic headwinds, and to the relatively low cost of home ownership here by national standards.”

“Looking ahead, I expect local home values will continue to slowly grow throughout 2025, despite relatively high interest rates and credit constraints continuing to put a dampener on things in the short and medium term.”

MIL OSI New Zealand News –

February 11, 2025
MIL-OSI Security: Met officers commended for bravery after rescuing members of the public from blaze in Euston

Source: United Kingdom London Metropolitan Police

A team of nine local Met officers have been praised for their bravery after a fire broke out in a hostel in Euston.

The fire started in the early hours of Saturday (8 February) morning and officers were the first emergency responders on the scene.

The five-storey building caught ablaze, with around 20 members of the public, which included many tourists, trapped inside.

On arrival, officers were met with thick smoke which had filled the entire basement level and was rising and spreading to the floors above.

Before London Fire Brigade arrived, officers bravely entered the basement and located a number of people who were trapped and disorientated inside smoke filled rooms. They calmly led members of the pubic to safety.

Police Sergeant Pete Day tackled the fire with extinguishers, while Police Constable Luke Uzzell forced entry to all of the rooms in the smoke filled basement to ensure nobody was trapped.

The other officers searched the remaining floors of the hostel, giving clear directions to people and ensuring those who were injured could access medical care from London Ambulance Service paramedics, who had also arrived on scene.

Commander Peter Stevens said: “Each and every day Met officers put their lives in danger in order to protect the public and keep the communities they serve safe.

“The actions of these officers were outstanding and exemplify the very best of the Met. Without a thought for their own safety, they stepped into danger and showed exemplary courage.

“I’m thankful that nobody was seriously injured and this is no doubt due to the heroic actions of our brave officers.”

Three members of the public, as well as the nine Met officers, were all taken to hospital for minor injuries caused by smoke inhalation. They have all since been discharged.

MIL Security OSI –

February 11, 2025
MIL-OSI USA: Finger Lakes Winners of DRI and NY Forward Programs

Source: US State of New York

Governor Kathy Hochul today announced that Canandaigua will receive $10 million in funding as the Finger Lakes winner of the eighth round of the Downtown Revitalization Initiative, and the Villages of Brockport and Phelps will each receive $4.5 million as the Finger Lakes winners of the third round of NY Forward. For Round 8 of the Downtown Revitalization Initiative and Round 3 of the NY Forward Program, each of the state’s 10 economic development regions are being awarded $10 million from each program, to make for a total state commitment of $200 million in funding and investments to help communities boost their economies by transforming downtowns into vibrant neighborhoods.

“By investing in the future of these Finger Lakes communities, this funding will revitalize their downtown areas by building vibrant and thriving destinations where businesses, families, and visitors can flourish,” Governor Hochul said. “With our Pro-Housing Communities initiative, we’re giving local leaders the tools to transform their cities, towns and villages into hubs of opportunity, culture, and affordable living. This is how we build stronger, more connected communities that work for everyone across New York.”

To receive funding from either the DRI or NY Forward program, localities must be certified under Governor Hochul’s Pro-Housing Communities Program – an innovative policy created to recognize and reward municipalities actively working to unlock their housing potential and encourage others to follow suit. Governor Hochul’s Pro-Housing Communities initiative allocates up to $650 million each year in discretionary funds for communities that pledge to increase their housing supply; to date, 273 communities across New York have been certified as Pro-Housing Communities. This year, Governor Hochul is proposing an additional $110 million in funding to cover infrastructure and planning costs for Pro-Housing Communities.

Many of the projects funded through the DRI and NY Forward support Governor Hochul’s affordability agenda. The DRI has invested in the creation of more than 4,400 units of housing – 1,823 of which are affordable or workforce. The programs committed over $8.5 million to 11 projects that provide affordable or free childcare and childcare worker training. DRI and NY Forward have also invested in the creation of public parks, public art (such as murals and sculptures) and art, music and cultural venues that provide free outdoor recreation and entertainment opportunities.

$10 Million Downtown Revitalization Initiative Award for Canandaigua

Downtown Canandaigua is poised to be, and is already becoming, a residential and recreational hub of the Finger Lakes region. With anticipated growth related to programming and investment focused on the semiconductor industry, an investment in this transformation will help the region to put its best foot forward when recruiting future businesses, workers and residents. The City of Canandaigua seeks to connect the Canandaigua Lake waterfront via safe, quality walking and biking pathways that complement the existing streets. The City is focused on projects that will create a diverse mix of businesses, housing, events and arts in its downtown that create a vibrant atmosphere for residents and visitors of all backgrounds.

$4.5 Million NY Forward Award for Brockport

The Village of Brockport is an Erie Canal town, college town and central hub of activity for its own residents and those of other nearby small towns and villages. Brockport prioritizes living its history and bridging it to a thriving and culturally rich future in the Finger Lakes region. The Village’s downtown focus area centers on Main Street and adjacent side streets that offer several attractions for residents and visitors. This area highlights Brockport’s historic downtown corridor, canal front parcels and portions of historic districts on the Village’s west and east sides. The Village seeks to transform its historic downtown corridor into an accessible tourist destination and a home where visitors, residents and people of all abilities can recreate, socialize, live and age in comfort.

$4.5 Million NY Forward Award for Phelps

The Village of Phelps, a historically significant community with a population of 1,900 residents, is strategically positioned near major transportation routes, making it easily accessible for both residents and visitors. The Village’s walkable downtown area encompasses municipal parks, cultural and recreational attractions, museums and the multi-use community center. Its application is focused on streetscaping and aesthetic upgrades, so that no matter what route a resident or visitor might take through downtown, the path from one destination to the next will be interesting and attractive.

New York Secretary of State Walter T. Mosley said, “The Downtown Revitalization and NY Forward programs work together to re-energize downtowns of all sizes across our State. Our newest winners for the Finger Lakes region – Canandaigua, Brockport and Phelps – will all leverage existing cultural, natural and historical assets to transform their downtowns into economic engines for their residents and the entire region. The Department of State looks forward to seeing the projects these communities select and how they will positively impact the region for generations to come!”

Empire State Development President, CEO and Commissioner Hope Knight, said, “Under Governor Hochul’s leadership, the DRI and NY Forward programs continue to support projects that generate new investments and encourage transformational change in towns and communities throughout New York State. These plans from Canandaigua, Phelps and Brockport will revitalize downtown businesses, historic districts and waterfronts and spur economic development that will benefit residents and visitors to the beautiful Finger Lakes region.”

New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Our local partners in Canandaigua, Brockport, and Phelps should be proud of their efforts to build vibrant and affordable neighborhoods that create new homes and new jobs. This State investment of nearly $20 million will give these certified Pro-Housing Communities the resources they need to thrive for generations to come. We thank Governor Hochul for her continued leadership on tackling the housing crisis and making the Finger Lakes a more affordable place to live and work.”

Finger Lakes Regional Economic Development Council Co-Chairs Bob Duffy, President and CEO, Greater Rochester Chamber of Commerce, and Dr. Denise Battles, President of the State University of New York Geneseo, said, “The FLREDC is incredibly proud to continue our support for the City of Canandaigua and for the communities of Phelps and Brockport and their exciting futures through the Governor’s transformational Downtown Revitalization and NY Forward Initiatives. These selected, community-driven plans will benefit both residents and visitors alike, promoting economic growth and creating spaces where people will want to live, work, and play for generations to come.”

New York State Canal Corporation Director Brian U. Stratton said, “With more than 25 Canal communities now among the growing roster of DRI and NY Forward awardees, I know how these important investments can jumpstart powerful change. This year, as we commemorate the Bicentennial of the Erie Canal’s completion and look forward to the opening of the Brockport Pedestrian Bridge, the timing of these awards could not be more welcomed or appropriate. The Canal Corporation sends its most sincere congratulations to Brockport, Canandaigua, and Phelps.”

Canandaigua Mayor Bob Palumbo said, “On behalf of myself and our DRI team and City Council, I would like to thank the Governor and her team for awarding the $10 million-dollar DRI to the City of Canandaigua. I look forward to seeing the projects we supported in our DRI proposal unlock opportunities that create new jobs, add housing, and public amenities in our downtown.”

Brockport Mayor Margay Blackman said, “‘It’s all in Brockport’ became our shared vision as we dreamed of what our village could become with a NY Forward grant. The Brockport of our NY Forward dreams is one that works for all – young, old, university student, resident, visitor, tourist. The water brings people, Brockporters say, and we will invest in our waterfront to establish Brockport as the premier, inclusive recreation community on the Erie Canal. What I’m especially proud of today is that 6 people, including our grant writer, crafted a successful proposal, in house, in 2 short years.”

Village of Phelps Mayor Jim Cheney said, “On behalf of the community of Phelps, we are extremely excited, honored and grateful to be chosen for the NY Forward Grant. The residents of Phelps have been working hard to attract more visitors, businesses and housing to our community; to make it a special place to live, work and play in; and, to fit into the Finger Lakes Region’s economic strategic plan. This investment by the state will help push us over the top in our revitalization efforts. It is important for small communities, such as the Village of Phelps, to receive statewide taxpayer support such as this, to revitalize and thrive. It is in everyone’s best interest to help our local communities’ economies. Thank you to Governor Hochul, Ontario County, the REDC and all community partners for sharing and believing in our vision.”

Canandaigua, Brockport and Phelps will now begin the process of developing a Strategic Investment Plan to revitalize their downtowns. A Local Planning Committee made up of municipal representatives, community leaders and other stakeholders will lead the eﬀort, supported by a team of private sector experts and state planners. The Strategic Investment Plan will guide the investment of DRI and NY Forward grant funds in revitalization projects that are poised for implementation, will advance the community’s vision for their downtown and that can leverage and expand upon the state’s investment.

The Finger Lakes Regional Economic Development Council conducted a thorough and competitive review process of proposals submitted from communities throughout the region and considered all criteria before recommending these communities as nominees.

About the Downtown Revitalization Initiative

The Downtown Revitalization Initiative was created in 2016 to accelerate and expand the revitalization of downtowns and neighborhoods in all ten regions of the state to serve as centers of activity and catalysts for investment. Led by the Department of State with assistance from Empire State Development, Homes and Community Renewal and NYSERDA, the DRI represents an unprecedented and innovative “plan-then-act” strategy that couples strategic planning with immediate implementation and results in compact, walkable downtowns that are a key ingredient to helping New York State rebuild its economy from the effects of the COVID-19 pandemic, as well as to achieving the State’s bold climate goals by promoting the use of public transit and reducing dependence on private vehicles. Through nine rounds, the DRI will have awarded a total of $900 million to 89 communities across every region of the State.

About the NY Forward Program

First announced as part of the 2022 Budget, Governor Hochul created the NY Forward program to build on the momentum created by the DRI. The program works in concert with the DRI to accelerate and expand the revitalization of smaller and rural downtowns throughout the State so that all communities can benefit from the State’s revitalization efforts, regardless of size, character, needs and challenges.

NY Forward communities are supported by a professional planning consultant and team of State agency experts led by DOS to develop a Strategic Investment Plan that includes a slate of transformative, complementary and readily implementable projects. NY Forward projects are appropriately scaled to the size of each community; projects may include building renovation and redevelopment, new construction or creation of new or improved public spaces and other projects that enhance specific cultural and historical qualities that define and distinguish the small-town charm that defines these municipalities. Through three rounds, the NY Forward program will have awarded a total of $300 million to 62 communities across every region of the State.

MIL OSI USA News –

February 11, 2025
MIL-OSI China: China unveils measures to boost consumer spending, foreign investment

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

BEIJING, Feb. 10 — Chinese Premier Li Qiang on Monday presided over a State Council executive meeting that outlined measures to boost domestic consumption and approved an action plan to stabilize foreign investment in 2025.

The meeting called for strong support to increase household incomes, promote reasonable wage growth, broaden property-related income channels, and enhance consumption capacities.

It emphasized the importance of focusing on consumption sectors with a strong spillover effect and large growth potential to tap into consumption potential.

It also highlighted the importance of expanding consumption in the culture, sports and tourism sectors, of promoting consumption in the snow-and-ice industry, of developing inbound tourism consumption, and of strengthening support for China’s consumer goods trade-in program.

The meeting also noted that foreign enterprises play an important role in job creation, export stabilization and industrial upgrading, and urged more practical, effective measures to stabilize existing foreign investment and expand new investment.

It called for the optimization of a comprehensive services sector opening-up pilot program and the expansion of industries that encourage foreign investment.

It encouraged foreign capital to undertake equity investment in China, and urged efforts to optimize rules and procedures for foreign mergers and acquisitions.

The meeting stressed the need for domestic and foreign enterprises to be treated equally in government procurement, as well as the need to broaden financing channels for foreign enterprises.

Efforts should be made to promote the removal of outdated or inefficient production capacities, and to increase high-end capacities, according to the meeting.

It discussed and approved in principle a draft law on national development planning, and decided to submit the draft to the Standing Committee of the National People’s Congress for deliberation.

MIL OSI China News –

February 11, 2025
MIL-OSI Asia-Pac: CE meets Heilongjiang officials

Source: Hong Kong Information Services

Continuing his visit to Harbin, Chief Executive John Lee today called on leaders of Heilongjiang Province, visited injured Hong Kong ice hockey athletes, met Hong Kong people working in the three northeastern provinces, and toured the Beidahuang Museum.

Mr Lee met respectively CPC Heilongjiang Provincial Committee Secretary Xu Qin and Heilongjiang Governor Liang Huiling to exchange views on issues of mutual concern.

The Chief Executive remarked that Heilongjiang Province has leveraged the ice and snow economy as a new engine for economic development by making good use of its rich tourism resources while actively promoting winter sports. He added that Heilongjiang Province sets an example of integrating sports with cultural and tourism development, which is inspiring to Hong Kong.

Noting that Hong Kong is the largest source of external investment for Heilongjiang, Mr Lee said Hong Kong, as a “super connector” and a “super value-adder”, can serve the Mainland in exploring global markets.

Additionally, highlighting that the Individual Visit Scheme has been extended to include Harbin in Heilongjiang Province since last May, while direct flights between Harbin and Hong Kong were launched last June, Mr Lee said tourism co-operation between the two places has been strengthened, thereby promoting people-to-people bonds.

The Beijing Office and Liaoning Liaison Unit of the Hong Kong Special Administrative Region Government will continue to serve as a bridge to enhance exchanges between Hong Kong and Heilongjiang in various areas, he added.

Separately, Mr Lee visited the Hong Kong ice hockey players who were injured yesterday after a match at the 9th Asian Winter Games Harbin 2025, to understand their condition and offer his support.

The Chief Executive stressed that he is highly concerned about the attack on Hong Kong athletes. He has requested the Sports Federation & Olympic Committee of Hong Kong, China as well as the Culture, Sports & Tourism Bureau to follow up on the incident and make every effort to ensure the athletes’ safety.

He pointed out that the Hong Kong players had remained calm and restrained during the incident, demonstrating professionalism and sportsmanship, and praised the ice hockey team for its outstanding performance in the past competitions, making Hong Kong people proud.

The Chief Executive also encouraged the athletes not to let the incident affect their morale, to take good care of themselves and to give their best in the Games, assuring them that Hong Kong people would fully support them.

While meeting Hong Kong people working and doing business in the three northeastern provinces to learn about their daily lives and development, he encouraged them to introduce Hong Kong’s latest developments to local enterprises and tell the good stories of Hong Kong.

In the afternoon, Mr Lee visited the Beidahuang Museum to understand the transformation of the “Great Northern Wilderness”, a plain region in northeastern Heilongjiang, from a barren wilderness into a key commodity grain base and a strategic grain reserve base of China. He also gained insights into the “Beidahuang spirit” which embodies perseverance, resilience and a pioneering mindset.

Meanwhile, Secretary for Culture, Sports & Tourism Rosanna Law had a work meeting with Heilongjiang Province Department of Culture & Tourism Director-General He Jing this afternoon, during which she gave a briefing on the latest developments of Hong Kong’s culture and tourism.

Miss Law told the meeting that as the cultural and tourism resources of Hong Kong and Heilongjiang are unique in their own ways, there is significant potential for collaboration. She expressed hope to expand the market and drive bilateral tourism flow with Heilongjiang in the future.

The Chief Executive will head back to Hong Kong tomorrow.

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Asia-Pac: CE meets leaders of Heilongjiang Province in Harbin (with photos/ videos)

Source: Hong Kong Government special administrative region

The Chief Executive, Mr John Lee, continued his visit to Harbin today (February 10) to meet with leaders of Heilongjiang Province. He also met with the injured Hong Kong ice hockey athletes and Hong Kong people working and doing business in the three northeastern provinces, and visited the Beidahuang Museum.

Mr Lee met respectively with the Secretary of the CPC Heilongjiang Provincial Committee, Mr Xu Qin, and the Governor of Heilongjiang Province, Ms Liang Huiling, to exchange views on issues of mutual concern. Mr Lee noted that Heilongjiang Province has leveraged the ice and snow economy as a new engine for economic development by making good use of its rich ice and snow tourism resources while actively promoting winter sports. He added that Heilongjiang Province sets an example of integrating sports with cultural and tourism development, which is inspiring to Hong Kong.

Noting that Hong Kong and Heilongjiang share close economic and trade ties, with Hong Kong being the largest source of external investment for Heilongjiang, Mr Lee said that Hong Kong, as a “super connector” and “super value-adder”, can serve the Mainland in exploring global markets.

Regarding people-to-people exchanges, Mr Lee highlighted that the Individual Visit Scheme has been extended to include Harbin in Heilongjiang Province since May last year, while direct flights between Harbin and Hong Kong were officially launched in June last year. These developments have strengthened tourism co-operation between the two places and promoted people-to-people bonds. The Beijing Office and Liaoning Liaison Unit of the Hong Kong Special Administrative Region Government will continue to serve as a bridge to enhance exchanges between Hong Kong and Heilongjiang in various areas, he added.

Mr Lee also went to the athletes’ village to visit the Hong Kong ice hockey players who were injured yesterday (February 9) after the match, to understand their condition and offer his support. Mr Lee said he is highly concerned about the attack on Hong Kong athletes and has requested the Sports Federation and Olympic Committee of Hong Kong, China, and the Culture, Sports, and Tourism Bureau to follow up on the incident and make every effort to ensure the safety of athletes. Mr Lee noted that the Hong Kong athletes had remained calm and restrained during the incident, demonstrating professionalism and sportsmanship. He also praised the ice hockey team for their outstanding performance in the past competitions, making Hong Kong people proud. He encouraged the athletes not to let the incident affect their morale, to take good care of themselves, and to give their best in the games, showcasing the professionalism of Hong Kong athletes. He also assured them that the people of Hong Kong would fully support them.

At noon, Mr Lee met with Hong Kong people working and doing business in the three northeastern provinces to learn about their daily lives and development. He said that Hong Kong people and enterprises there serve as an essential bridge between Hong Kong and the three provinces. He encouraged them to introduce Hong Kong’s latest developments to local enterprises and tell the good stories of Hong Kong.

In the afternoon, Mr Lee visited the Beidahuang Museum in Harbin to understand the transformation of the Great Northern Wilderness, a plain region in northeastern Heilongjiang Province, from a barren wilderness into a key commodity grain base and a strategic grain reserve base of the country. He also gained insights into the Beidahuang Spirit, which embodies perseverance, resilience, and a pioneering mindset.

Separately, the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, had a work meeting with the Director-General of the Department of Culture and Tourism of Heilongjiang Province, Ms He Jing, this afternoon. They had discussions on ways to strengthen cultural and tourism collaborations between Hong Kong and Heilongjiang. During the meeting, Miss Law gave a briefing on the latest developments in Hong Kong’s culture and tourism. She said that the cultural and tourism resources of Hong Kong and Heilongjiang are unique in their own ways. While Hong Kong, as a world city, is always innovating in integrating culture and tourism, Heilongjiang is famous for its magnificent ice and snow attractions. With significant potential for collaboration between the two places, Miss Law expressed hope to expand the market and drive bilateral tourism flow with Heilongjiang in the future.

Mr Lee and the other officials will return to Hong Kong tomorrow (February 11).

MIL OSI Asia Pacific News –

February 11, 2025
MIL-OSI Russia: The government has approved a mechanism for issuing treasury infrastructure loans until 2030

Translartion. Region: Russians Fedetion –

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

The decision was made on the instructions of the President.

Document

Resolution of January 25, 2025 No. 48

Prime Minister Mikhail Mishustin signed a resolution approving the rules for providing treasury loans for the implementation of infrastructure projects until 2030. Regions will be able to receive them for a period of up to 15 years at 3% per annum.

Loans will be provided on a priority basis for infrastructure projects in the housing and utilities sector, as well as for the purchase of public transport, the creation of transport, engineering, energy and tourism infrastructure facilities, infrastructure facilities of industrial parks and industrial technology parks, special economic zones, territories of advanced development, innovative scientific and technological centers and other purposes. The projects will be approved by the Presidium of the Government Commission for Regional Development.

“We need to carefully select projects taking into account feedback from citizens,” Mikhail Mishustin emphasized atmeeting with deputy prime ministers on February 10.

Treasury infrastructure loans will be provided within the framework of the new national project “Infrastructure for Life” and will be a continuation of infrastructure budget loans – the most capital-intensive instrument of the Government’s socio-economic initiative “Infrastructure Menu”.

The President instructed the Government to ensure the provision of budget loans to regions in 2025–2030 for the implementation of infrastructure projects following the Address to the Federal Assembly in 2024.

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

MIL OSI Russia News –

February 10, 2025
MIL-OSI Economics: Secretary-General of ASEAN meets with CEO of AirAsia Cambodia

Source: ASEAN

Dr. Kao Kim Hourn, Secretary-General of ASEAN, today met with Mr. Vissoth Nam, CEO of AirAsia Cambodia, at the ASEAN Headquarters/ASEAN Secretariat. During their discussion, they explored collaborative opportunities to boost regional aviation and enhance seamless connectivity across the ASEAN region. Dr. Kao commended AirAsia Cambodia’s efforts to make air travel more accessible and affordable for everyone. He also emphasised ASEAN’s commitment to developing an integrated, competitive, and environmentally sustainable aviation sector that supports regional tourism and socio-economic growth.

The post Secretary-General of ASEAN meets with CEO of AirAsia Cambodia appeared first on ASEAN Main Portal.

MIL OSI Economics –

February 10, 2025

Category: Tourism

IMF Communications Department

MEDIA RELATIONS

Derry and Strabane Council agrees its budget for 2025/26

Document

Resolution of January 25, 2025 No. 48