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Category: Transport

  • MIL-OSI: Virtune launches Virtune Coinbase 50 Index ETP on Nasdaq Stockholm

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, July 16, 2025 – Virtune, the Swedish regulated crypto asset manager, announces the listing of its latest exchange-traded product, the Virtune Coinbase 50 Index ETP, on Nasdaq Stockholm traded in SEK. This listing marks a major milestone for Virtune’s continued growth in its home market and reinforces its position as a leading issuer of regulated, physically backed crypto ETPs in the Nordics.

    The product is now available to Swedish and Nordic investors via brokers and banks such as Avanza, Nordnet, SAVR and Montrose and is traded in SEK.

    Virtune has worked closely with Coinbase since its inception, collaborating across all key areas – staking, trading, and custody. The launch of the Virtune Coinbase 50 Index ETP marks the next step in strengthening this partnership. It is the world’s first exchange-traded product to track the Coinbase 50 Europe Index – a broadly diversified benchmark of up to 50 leading crypto assets. The index is developed by Coinbase and administered by MarketVector Indexes™. The ETP currently holds 21 crypto assets, with the target to expand to all 50 assets pending regulatory and exchange approvals.

    The Coinbase 50 Europe Index aims to provide investors with representative exposure to the most significant and relevant digital assets in the market. The product is tailored for both institutional and retail investors seeking regulated, transparent, and professional exposure to the crypto market.

    Allocation as of 15th of July 2025:

    https://www.virtune.com/product/vcoin50

    Christopher Kock, CEO of Virtune:

    “Listing our Coinbase 50 Index ETP on Nasdaq Stockholm marks a significant milestone in our mission to provide secure and regulated access to digital assets investments in Sweden and the Nordics. We are thrilled to bring this flagship product to our home market, allowing investors to trade it in SEK on Nasdaq Stockholm.”

    The Virtune Coinbase 50 Index ETP is 100% physically backed by the underlying crypto assets, securely stored in cold-storage with Coinbase, and carries a competitive annual management fee of 0.95%.

    Learn more about the product here: www.virtune.com/product/vcoin50

    About Coinbase: 

    Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.

    Brett Tejpaul, Head of Coinbase Institutional: 

    “With the launch of the Virtune Coinbase 50 Index ETP in Nordics, we’re making one of the most comprehensive benchmarks for the crypto market directly accessible to investors across the Nordics. This marks a major step forward in our mission to expand global access to digital assets and provide institutional-grade tools for navigating this evolving asset class. The introduction of this ETP reinforces our commitment to bridging traditional financial infrastructure with the growing demand for regulated, secure exposure to the digital economy.”

    About MarketVector:

    MarketVector Indexes™ (“MarketVector”) is a regulated Benchmark Administrator in Europe, incorporated in Germany and registered with the Federal Financial Supervisory Authority (BaFin). MarketVector maintains indexes under the MarketVector™, MVIS®, and BlueStar® names. With a mission to accelerate index innovation globally, MarketVector is best known for its broad suite of Thematic indexes, a long-running expertise in Hard Asset-linked Equity indexes, and its pioneering Digital Asset index family. MarketVector is proud to be in partnership with more than 25 Exchange-Traded Product (ETP) issuers and index fund managers in markets throughout the world, with more than USD 57 billion in assets under management.

    Martin Leinweber, Director, Digital Asset Research and Strategy, MarketVector: 

    “The Virtune Coinbase 50 Index ETP marks a significant step forward for crypto investment in Europe, offering broad, institutional-grade exposure to digital assets through a single, efficient product. This milestone combines MarketVector’s index expertise, Coinbase’s market infrastructure, and Virtune’s transparent, regulated approach. We’re proud to deepen our partnership with Virtune by becoming the index provider for their entire range of crypto ETPs across Europe. Together, we’re delivering the tools institutional and retail investors need to navigate the digital asset landscape with greater confidence and clarity.”

    Key Information about the Product:

    • Exposure: Up to 50 leading crypto assets in a single product
    • Underlying assets: 100% physically backed by the underlying crypto assets
    • Custody: Institutional-grade custody by Coinbase
    • Management fee: 0.95% per annum
    • Trading currency: SEK
    • First day of trading on Nasdaq Stockholm: Monday, July 14, 2025
    • Bloomberg Ticker: VCOIN50
    • ISIN: SE0024738389
    • WKN: A4A5D4
    • Exchange ticker: VCOIN50
    • Exchanges: Nasdaq Stockholm, Nasdaq Helsinki, Deutsche Börse Xetra, Euronext Amsterdam, Euronext Paris

    For inquiries, please contact:

    Christopher Kock, CEO & Member of the Board of Directors
    +46 70 073 45 64
     christopher@virtune.com

    About Virtune AB (Publ):

    Virtune, headquartered in Stockholm, is a regulated Swedish digital asset manager and issuer of crypto exchange-traded products on regulated European exchanges. Through regulatory compliance, strategic partnerships, and a highly experienced team, Virtune empowers global investors to access innovative and professional investment products aligned with the evolving global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.. The Coinbase 50 Europe Index (“Index”) is the exclusive property of MarketVector Indexes GmbH (“MarketVector”) and its Licensors and has been licensed for use by Virtune AB (Publ) (“Licensee”). MarketVector has contracted with CC Data Limited to maintain and calculate the Index. CC Data Limited uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector, CC Data Limited has no obligation to point out errors in the Index to third parties. In particular, MarketVector is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Virtune Coinbase 50 Europe ETP (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MarketVector and any of its affiliates, and MarketVector and any of its affiliates make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MARKETVECTOR AND ANY OF ITS AFFILIATES AND ANY OF ITS LICENSORS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.

    The MIL Network –

    July 16, 2025

  • India launches talent hunt for young chefs to blend tradition with innovation

    Source: Government of India

    Source: Government of India (4)

    The PHD Chamber of Commerce and Industry (PHDCCI), in partnership with the Ministry of Tourism, on Wednesday launched the National Young Chef Competition (NYCC), a nationwide talent hunt designed to discover and nurture India’s next generation of culinary innovators.

    The grand curtain-raiser for the competition was held at PHD House in New Delhi, marking the beginning of a series of zonal rounds that will span the country. The initiative targets final-year hospitality students, providing them with a national platform to blend traditional Indian culinary practices with contemporary techniques.

    Speaking at the launch event as Chief Guest, Mr Suman Billa (IAS), Additional Secretary and Director General, Ministry of Tourism, underscored the importance of preserving India’s diverse culinary traditions. “Our culinary heritage is built on cultural memory and regional techniques. We must reinforce these traditions and expand India’s footprint in the global fine dining space,” he said, urging aspiring chefs to think creatively and represent India with pride on international platforms.

    The competition, themed ‘Celebrating Indian Culinary Heritage: Blending Tradition with Innovation’, is being organised in partnership with the Indian Federation of Culinary Associations (IFCA) and the Tourism & Hospitality Skill Council (THSC).

    The zonal rounds will be held as follows:

    * North Zone: 6 August 2025, AIHM Chandigarh
    * East Zone: 18 September 2025, IHM Kolkata
    * West Zone: November 2025, IHM Mumbai
    * South Zone: 18 December 2025, IHM Kovalam

    Winners from each region will compete in the grand finale, scheduled for January 2026 at IHM Pusa, New Delhi.

    In addition to the competition, the NYCC will host career sensitisation workshops for students of Classes 11 and 12 at each zonal venue. These workshops aim to address the declining enrolment in hospitality education and introduce young students to career opportunities in the culinary industry.

    Calling the NYCC a “movement” that brings together industry, academia and youth, Mr Rajan Sehgal, Co-Chair of the Tourism Committee, PHDCCI, said the initiative is vital for celebrating India’s gastronomic wealth. Dr Chef Manjit Gill, President of IFCA, added, “NYCC is not just a contest but a cultural revival. It’s a call to preserve and modernise India’s diverse food legacy.”

    The event also saw the presence of notable figures from the culinary and hospitality sector, including Chef Sudhir Sibal, Chef Anil Grover, Mr Rajan Bahadur (THSC), Prof Kamal Kant Pant (IHM Pusa), Mr Amarjit Singh Ahuja (Le Meridien), and Ms Shalini S Sharma of PHDCCI, who outlined the detailed roadmap for the competition.

    The NYCC has garnered support from over 130 hospitality institutions nationwide and is backed by leading industry partners such as Venus Industries, Nestlé Professional, Wagh Bakri Tea Group, Cremica, McCain Foods and others. Winners will receive cash prizes, internship opportunities, international exposure, and special recognition for the ‘Best Sustainable Dish’.

    July 16, 2025

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

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

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

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

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

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

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

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

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

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

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

    What’s behind the new law?

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

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

    The new law is designed to prevent this from happening.

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

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

    What counts as a bribe?

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

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

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

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

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

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

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

    What companies need to do

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

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

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

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

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

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

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

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

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

    The way forward

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

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

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

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

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

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

    The Conversation

    Rehana Cassim does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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

    MIL OSI Analysis –

    July 16, 2025

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

    Source: Northern Territory Police and Fire Services

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

    Released 16/07/2025

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    – Statement ends –

    Suzanne Orr, MLA | Media Releases

    «ACT Government Media Releases | «Minister Media Releases

    MIL OSI News –

    July 16, 2025

  • Air India to restore some international flights following reduction over crash

    Source: Government of India

    Source: Government of India (4)

    Air India said on Tuesday it would partially restore its international flight schedule that was scaled back following the crash involving its flight last month that killed 260 people.

    As part of the restoration, Air India will start a thrice-weekly service between Ahmedabad and London Heathrow from August 1 to September 30, replacing the currently operating five-times-a-week flights between Ahmedabad and London Gatwick.

    A Boeing 787 Dreamliner bound for London from the Indian city of Ahmedabad began to lose thrust and crashed shortly after takeoff on June 12. All but one of the 242 people on board and 19 others on the ground were killed.

    Air India reduced some of its international flights following the crash as part of a “safety pause” that the carrier said allowed it to perform additional precautionary checks on its Boeing 787 aircraft.

    The partial service resumption will see some flights being restored from August 1, with full restoration planned from October 1, 2025, Air India said.

    As part of the partial resumption, Air India has reduced flights to some destinations in Europe and North America. These include reductions in the frequency of Delhi-to-Paris flights to seven times a week from 12, effective August 1.

    Flights on the Delhi-Milan route have been reduced to three times a week from four earlier.

    The frequency of flights from Mumbai and Delhi to New York JFK has been cut to six times a week from seven earlier, the airline said.

    (Reuters)

    July 16, 2025

  • MIL-OSI Russia: Israel strikes Syrian forces in As-Suwayda

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    JERUSALEM, July 16 (Xinhua) — Israeli Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz said on Tuesday they had ordered the military to strike Syrian forces in Syria’s southern province of As-Suwayda, claiming to protect the local Druze population.

    The move came shortly after Defense Minister Murhaf Abu Qasra announced a ceasefire in As-Suwayda after Syrian forces entered the area.

    In a joint statement, Netanyahu and Katz said they had ordered the military to “immediately strike” Syrian forces and weapons in the area to “prevent the Syrian regime from harming” the Druze because of their “deep fraternal alliance with the Druze citizens of Israel and their family and historical ties to the Druze in Syria.”

    The Israeli military said in a separate statement that it had targeted Syrian armored vehicles and rocket launchers. It said that columns of armored vehicles and tanks heading toward As-Suwayda were identified on Monday evening and their routes were also targeted in an effort to prevent them from reaching the area.

    The military added that they continue to monitor developments and are prepared for defense and various scenarios. –0–

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI Asia-Pac: CS visits Heilongjiang Province (with photos/video)

    Source: Hong Kong Government special administrative region

        The Chief Secretary for Administration, Mr Chan Kwok-ki, arrived in Harbin, Heilongjiang Province yesterday afternoon (July 15), to continue his visit.

        Mr Chan met with the Secretary of the CPC Heilongjiang Provincial Committee, Mr Xu Qin, to exchange views on deepening co-operation between Hong Kong and Heilongjiang Province. Mr Chan said that over the past year, Hong Kong and Heilongjiang have had mutual engagements, close exchanges and co-operation efforts that have reached an unprecedented level. At the Heilongjiang-Hong Kong Investment Cooperation Conference held in Hong Kong in March this year, the two places signed Memoranda of Understanding for strengthening co-operation on education, economics and trade, culture and tourism, sports and youth, and other fields, breaking new ground and laying a solid foundation for future co-operation. He said that Hong Kong possesses the unique advantages under the “one country, two systems” principle and a business environment that is highly market-oriented and internationalised, underpinned by the rule of law and an array of global professional talent and services. Mr Chan said he eagerly looks forward to deepening co-operation in all aspects between Hong Kong and Heilongjiang, complementing each other’s strengths,and achieving mutual benefits to make greater contributions to building a great country and realising the rejuvenation of the Chinese nation.

        Afterwards, Mr Chan attended the launch ceremony of the Hong Kong Patriotic Education Heilongjiang Study Tour under the Strive and Rise Programme. On behalf of the Hong Kong Special Administrative Region (HKSAR) Government, he expressed gratitude to the Heilongjiang Provincial Government for its strong organisational support work for the study tour, which travelled to and from Harbin by chartered flights arranged by Greater Bay Airlines. With over 130 participants, this study tour is the largest tour in scale since the launch of the Strive and Rise Programme. Mr Chan said at the event that given the rapid advancements in the country’s science and technology sectors, Heilongjiang Province has also developed various high-tech industries. He encouraged the participants to engage in different activities on the study tour to deepen the understanding of the country’s history, culture and economic development, and experience fascinating technological innovations. These will help the participants set goals for their future and strive for upward mobility.

        This morning (July 16), Mr Chan and members of the study tour visited the Exhibition Hall of Evidences of Crime Committed by Unit 731 of the Japanese Imperial Army, which is one of the first batch of 100 demonstration bases for patriotic education in the country. The visit allowed the participants to gain a deeper understanding of the crimes of Unit 731 through the displayed objects, pictures, archives, multimedia materials etc. Mr Chan said that this year marks the 80th anniversary of victory in the War of Resistance, and the exhibition hall is an important place for patriotic education. He said he hopes that members of the study tour will take this opportunity to gain a deeper understanding of the hardships in national development and building a strong nation, cultivate a deeper and firmer patriotic sentiment through recognising historical facts, and consciously shoulder the responsibility of safeguarding national security.

        In the afternoon, Mr Chan met with the Secretary of the CPC Harbin Municipal Committee, Mr Yu Hongtao. They exchanged views on promoting exchanges and co-operation in various aspects between the two places in the future. Noting that Harbin has been added as one of the Mainland cities eligible for the Individual Visit Scheme since May last year, and that direct flights between Hong Kong and Harbin have been launched, Mr Chan said that the partnerships between the two places have become closer. He expressed his hope for the two cities to work together to explore more co-operation opportunities. In addition, Mr Chan mentioned that the HKSAR Government is steadfastly carrying out the work of patriotic education, including organising more Mainland exchange and study tours. He said he expected more Hong Kong young people to visit Harbin for exchanges and study, with an aim of enhancing Hong Kong young people’s sense of identity with, sense of belonging to, and pride towards the country.

        Mr Chan will conclude his visit and return to Hong Kong this afternoon.

                           

    MIL OSI Asia Pacific News –

    July 16, 2025

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

    Source: Hong Kong Government special administrative region

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

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

    MIL OSI Asia Pacific News –

    July 16, 2025

  • MIL-OSI: Quadient Announces Supplier Agreement with Vizient, Enhancing Access to the U.S. Healthcare Market

    Source: GlobeNewswire (MIL-OSI)

    Quadient Announces Supplier Agreement with Vizient, Enhancing Access to the U.S. Healthcare Market

    Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, has entered into a supplier agreement with Vizient, the largest provider-driven healthcare performance improvement company in the U.S. Vizient’s diverse client base includes some of the country’s most prestigious hospitals and integrated health delivery networks. The agreement enhances opportunities for Quadient to serve healthcare providers across the continuum of care, offering contracted pricing for a wide range of the company’s digital software, mail and automated locker solutions.

    Vizient provides network-powered insights into the critical areas of clinical, operational and spend management performance and empowers clients to deliver exceptional, cost-effective care. Serving more than 65% of U.S. acute care providers and more than 35% of the non-acute market, Vizient’s contract portfolio represents $140 billion in annual purchasing volume. Through the new contract, healthcare providers have greater access to Quadient’s cutting-edge solutions designed to enhance digital patient interactions, optimize the sending and receiving of mail and packages, improve operational efficiency, increase document security and ensure regulatory compliance.

    “We are thrilled to be awarded a contract from Vizient to help healthcare organizations improve performance through more streamlined and automated workflows, leading to better patient and staff experiences” said Geoffrey Godet, CEO at Quadient. “Our strategic approach to supply chain and procurement in the mailing and communications space is rooted in a comprehensive, assessment-based process that identifies key assets and opportunities to drive efficiency and transformation for healthcare providers. We are excited to support Vizient clients with innovative, results-driven solutions that enhance operational performance and elevate the overall healthcare experience.”

    For more information about Quadient’s solutions and contract with Vizient, visit www.quadient.com and mail.quadient.com/en/healthcare-contracts/Vizient.

    About Quadient®
    Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit http://www.quadient.com/en/.

    Media Contacts
    Joe Scolaro, Quadient
    Global Press Relations Manager
    +1 203-301-3673
    jscolaro@quadient.com

    Kiley Ribordy, Walker Sands
    Senior PR Director
    quadientpr@walkersands.com

    Attachment

    • PR Quadient Vizient Contract_EN_final

    The MIL Network –

    July 16, 2025

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

    Source: United Kingdom – Executive Government & Departments

    Press release

    Air Marshal Harv Smyth appointed new Chief of the Air Staff

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

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

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

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

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

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

    Defence Secretary John Healey MP, said:

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

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

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

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

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

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

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

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

    Air Marshal Harv Smyth, said:

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

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

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    Published 16 July 2025

    MIL OSI United Kingdom –

    July 16, 2025

  • PM Modi announces ex-gratia for victims of Pithoragarh road accident

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday condoled the deaths in a road accident in Uttarakhand’s Pithoragarh district and announced an ex-gratia of ₹2 lakh for the families of each deceased.

    “Saddened by the loss of lives due to a road accident in Pithoragarh, Uttarakhand. Condolences to those who have lost their loved ones in the mishap. May the injured recover soon. An ex-gratia of ₹2 lakh from PMNRF would be given to the next of kin of each deceased. The injured would be given ₹50,000,” the Prime Minister’s Office posted on X.

    According to police, eight people were killed when a vehicle carrying 13 passengers crashed near the Suni bridge in Muwani town on Tuesday.

    Pithoragarh Superintendent of Police Rekha Yadav said rescue operations are underway. “Police officials have reached the spot and rescue operations are underway,” she said.

    Uttarakhand Chief Minister Pushkar Singh Dhami also expressed grief over the incident and said the district administration has been directed to ensure proper and timely treatment for the injured. He wished them a speedy recovery.

    — ANI

     

    July 16, 2025

  • MIL-OSI Russia: World hits will sound new at the festival “Non-classical Classics”

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The music festival “Non-classical classics” will take place on Bolotnaya Square on July 26. It will be part of the festival “Youth Point”. The artists will present modern world hits in original instrumental arrangements. Registration for the concert is open on the portal “Youth of Moscow”.

    “The festival “Non-classical classics” is a unique combination of modern musical culture and classical forms of sound. We are happy to invite young people and all residents of the capital to “Youth Point” to enjoy the atmosphere of creativity, inspiration and summer mood together. “Youth of Moscow” creates a space where everyone can find themselves – in music, sports or creativity,” said Margarita Savinkina, head of the project “Youth of Moscow”.

    Live music and master classes

    Festival participants will also be able to take part in creative master classes on music themes. Thus, at 14:00 in the Development hub, there will be a quilling class called “Treble Clef”. Here, you can master the technique of making flat or three-dimensional compositions from long and narrow strips of paper twisted into a spiral. At 15:00, guests will be taught how to make quick drawings at a musical sketching session. At 16:00, those who wish will be able to make a 3D postcard in the shape of a grand piano, and from 17:00 to 18:00, they will learn how to make a tambourine.

    At 2:00 PM, the Creative hub will teach you how to play the guitar and make origami. At 5:00 PM, there will be a master class on improvisation on the percussion instrument hang. Entrance to all master classes is free.

    The evening will culminate in an open-air concert starting at 21:00. The QuintElle instrumental group, the Nella Musica Ensemble, the Limoncello and Spirit OFF Streets groups will present their own interpretations of world hits, combining classics and modern musical trends.

    Festival “Youth Point” will last in the capital until September 14. Bolotnaya Square hosts creative and sports spaces, a rollerdrome is open, and discos with invited artists and popular DJs are held every Friday and Saturday.

    Moscow is a city of youth. The capital offers wide opportunities for its development, creative self-expression, comfortable life and interesting leisure. It has a developed infrastructure, thousands of events of different scale and focus are held here.

    More opportunities for young city dwellers can be found on the portal “Youth of Moscow” and project pages insocial networks.

    Project “Summer in Moscow”— the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports programs are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI Russia: Sports and dance training is carried out within the framework of the project “Summer in Moscow”

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Muscovites are invited to free roller sports and dance training. These classes help strengthen muscles and improve coordination. The training is part of the project “Summer in Moscow”.

    Roller sport is riding on roller skates with the performance of combinations of various exercises and elements. Regular training helps to improve balance. During training, athletes actively use the muscles of the body and pump up the stabilizing muscles that help maintain balance.

    Roller sports training is being held as part of the capital’s project Department of Sports “My sports district”. Classes are held by professional trainers twice a week: on Wednesdays and Sundays at 19:00. Anyone over 18 can participate. You can find a suitable site and sign up for a class atwebsite.

    Dance training is held within the framework of the project “Sports Weekend”, implemented by the Department of Sports of the City of Moscow together with the public service centers “My Documents”. Participants practice movements from various styles: hip-hop, samba, bachata and jazz-funk. Such training not only develops coordination, but also improves the work of the cardiovascular and respiratory systems, helps to lose weight and relieve stress.

    Classes are held at over 50 locations, including city parks, festival areas and public spaces. For addresses and schedules, and to sign up, visitwebsite.

    Project “Summer in Moscow” — the main event of the season. It brings together the most vibrant events of the capital. Every day, charity, cultural and sports programs are held in all districts of the city, most of which are free. The Summer in Moscow project is being held for the second time, and this season will be more eventful: new, original and colorful festivals and events will be added to the traditional ones.

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI Russia: Resolving conflicts and caring: what social protection specialists learn in advanced training courses

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Resolving family conflicts and caring for children in family centers, caring for people with special needs and providing first aid are taught in Institute of Continuing Professional Education for Social Workers in Moscow, which celebrates 17 years since its foundation. During this time, the institution has improved the qualifications of more than 70 thousand social protection specialists.

    This expert platform in the field of social technologies and professional training of specialists offers more than 70 advanced training programs for social security employees, which can be completed both in person and online on the IDPOznanie platform.

    “We train employees of family centers, the Social Treasury, institutions providing home care services, and other important projects and institutions.

    Department of Labor and Social Protection of the Population of Moscow“Our mission is to promote human well-being by developing employees and teams in the social sphere through education, enlightenment, science and technology,” said Igor Timofeev, Director of the Institute of Continuing Professional Education for Social Workers.

    The institute has four competence centers for training specialists and managers. You can improve your qualifications in such areas as “Rehabilitation and Social Integration”, “Family and Childhood Support”, “Home Care”, “Long-Term Care” and “Personal Effectiveness”.

    Institute student Natalya Senkina is taking the Mediation in Social Work program. After completing her studies, she wants to help Moscow families resolve conflict situations.

    “I am not new to mediation; I have been working as a trainer for teenagers in the “School of the Young Mediator” project for three years now. The training allows for a deeper understanding of the principles of conflict development, interaction with children and their parents. It is very important to help people find constructive solutions and save families,” she shared.

    The institute has programs that are available to all city residents. For example, in school of related careRelatives of people with limited mobility and the elderly learn how to provide quality care for them at home: safe movement, proper feeding, and help with hygiene. The program can be completed both in person and online. The project also includes psychological mutual assistance groups.

    Every year, the institute hosts a professional skills competition called “Moscow Masters” among social workers. Participants demonstrate skills in long-term care, digital literacy, first aid, and other important skills.

    The winner of the Moscow Masters competition in the profession of social worker, Maria Titikina, admitted that she was able to get ahead of her colleagues thanks to the knowledge she received in advanced training courses. According to her, studying at the institute allows her to be confident in her abilities and professional competencies. The first aid course was especially useful to her. She also learned to understand the concerns and needs of older people in the classes.

    On the eve of the 17th anniversary of the institution, specialists from the Institute of Continuing Professional Education for Social Workers held survey. It was attended by students of the institute and city residents receiving social services at home. They said that they especially value politeness, reliability, hard work and knowledge of digital services in social protection workers. More than 70 percent of the participants highlighted these qualities. 71 percent of respondents believe that social workers should improve their qualifications at least once a year.

    Igor Timofeev said that the important accents in the educational process are relevance and practical application. He explained that, on the one hand, the institute teaches applied skills of a social protection specialist, such as long-term care and first aid, and on the other hand, it teaches the use of new technologies that influence the development of professions in the social sphere.

    The Institute of Continuing Professional Education for Social Workers implements educational programs and provides consulting services for organizations subordinate to To the Department of Labor and Social Protection of the Population of the City of Moscow. The Institute is the operator of the project “School of Nursing” and the online platform for training “IDPOznanie”. The full list of programs is available aton the institution’s websiteYou can ask a question by email: ipk@mos.ru.

    Get the latest news quickly official telegram channelthe city of Moscow.

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

    .

    MIL OSI Russia News –

    July 16, 2025

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

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

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

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

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

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

    Kirill Purtov.

    How neural network algorithms help entrepreneurs

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

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

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

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

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

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

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI: Bitget Launchpool to List Eclipse (E) with over 1.5M in Token Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, July 16, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has announced the listing of Eclipse (ES) in the Innovation Zone, for spot trading. Besides being available for spot trading, Bitget will launch an exclusive Launchpool rewards campaign with up to 1,511,494 ES up for grabs.

    Spot trading for Eclipse (ES) under the ES/USDT trading pair will begin on 16 July 2025, 10:00 (UTC) with withdrawals will be available starting 17 July 2025, 11:00 (UTC).

    To celebrate the listing, Bitget will launch a Launchpool campaign offering 1,295,600 ES in total rewards. Eligible users can participate by locking either BGB or ES tokens during the event, which runs from 17 July 2025, 10:00 to 21 July 2025, 10:00 (UTC). In the BGB pool, users can lock between 5 and 50,000 BGB, with maximum limits determined by their VIP tier, for a chance to earn a share of 1,261,000 ES. In the ES pool, participants can lock between 8 and 800,000 ES to receive a portion of 34,600 ES in rewards.

    Additionally, Bitget will launch a CandyBomb campaign with 166,000 ES available through a trading-based airdrop. Of the total, 99,600 ES will be allocated to the ES trading pool, while 66,400 ES will be available in the combined BTC, SOL, and ES trading pool.

    Bitget will also run an X Giveaway, where 750 qualified users will have the chance to win a share of 24,947 ES. The campaign runs from 16 July 2025, 10:00 to 23 July 2025, 10:00 (UTC). To participate, users must follow Bitget and Eclipse on X, quote the giveaway post with the hashtag #ESlistBitget, tag a friend, sign up, deposit or trade ES on Bitget, and complete the form linked in the post.

    In addition, a community campaign will run during the same period, offering another 24,947 ES to be shared among 750 qualified users. To join, users need to become members of both the Bitget Discord and BGB Holders Group, sign up, make a net deposit of over 100 USDT, and complete any ES/USDT spot trade.

    Eclipse is a modular L2 network built to deliver fast, low-cost, and scalable blockchain performance by integrating the strengths of multiple ecosystems. It leverages Ethereum for settlement, the Solana Virtual Machine (SVM) for speed, Celestia for data availability, and RISC Zero for zero-knowledge proofs. Positioning it to address the blockchain trilemma of scalability, security, and decentralization. With its developer-friendly design, Eclipse is optimized for high-performance use cases, from high-frequency DeFi transactions to complex decentralized applications, offering a seamless experience without compromising on speed or efficiency.

    Bitget continues to solidify its role as a top-tier cryptocurrency exchange, offering over 800 listed tokens across spot and derivatives markets. The addition of Eclipse to Launchpool aligns with Bitget’s ongoing effort to support innovative projects whose value continues to evolve the ecosystem.

    Find more details on Eclipse, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2be7c95b-4d40-4d41-be8b-b35d7e57d9aa

    The MIL Network –

    July 16, 2025

  • MIL-OSI Australia: Former winery lost at Nichols Point

    Source:

    A once much-loved winery at Nichols Point which was recently destroyed by fire has greatly impacted the local community.

    Around 11pm on Wednesday 9 July, CFA responded to a structure fire on Ginquam Avenue in Nichols Point.

    Crews arrived to find the winery well alight and worked hard to suppress the fire.

    CFA had eight units on scene from Irymple, Mildura, and Red Cliffs, supported by two Fire Rescue Victoria (FRV) crews.

    Incident Controller and Captain of Irymple Fire Brigade Andrew Millen said the incident was complex and challenging.

    “On arrival the external walls had fallen in as well as the roof,” he said.

    “We requested additional resources because we knew we were in for a long fire fight.

    “The weather was also a challenge; it was sleeting with rain and a very strong wind.”

    Inside the premises were also some vintage cars and several pianos.

    The venue was a popular local spot and the impact of the fire will be felt in the community.

    Andrew said the incident required a strategic, dynamic plan to be implemented and as a result of this approach crews from CFA and FRV worked together to bring the fire under control. 

    “It was a great team effort for all involved,” he said.

    “The fire was in Irymple’s primary area of response, however given its size and complexity we were really well supported by FRV and surrounding CFA brigades.”

    The incident was declared under control at 12.14am Thursday and safe at 10.58am Friday 11 July.

    The fire was not suspicious and was deemed accidental.

    Submitted by CFA Media

    MIL OSI News –

    July 16, 2025

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

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

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

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

    Movie

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

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

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

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

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

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

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

    IT and video games

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

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

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

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

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

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

    Publishing

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

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

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

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

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI New Zealand: High risk of freezing fog and black ice prompts warning

    Source: New Zealand Transport Agency

    New Zealand Transport Agency Waka Kotahi (NZTA) is warning motorists to be prepared for challenging driving conditions on central South Island highways over the next few days as freezing conditions set in.

    Weather forecasts supplied to NZTA show that persistent freezing fog is likely for parts of State Highways 8 and 80 at least through until Sunday, along with hoar frosts and potential black ice on the roads. The area between Twizel and Tekapo on SH8 is expected to be especially high risk.

    “These types of conditions are not new for roads in the Mackenzie Basin area, but it is important that motorists take notice and adjust their driving for the conditions. Especially when there is an increased risk like this over a number of days,” says NZTA maintenance contract manager Chris Chambers.

    “We are expecting the freezing fog to hang around all day in places and there is a significant risk of black ice, especially in the mornings. All of this means increased risk of accidents and injury. It’s important that drivers take extra care and slow down in these conditions, increase their following distances and drive with their lights on.”

    Fog on State Highway 8 presents a risk for motorists.

    Roading contractors will be out around the clock in the coming days, checking the roads and gritting or de-icing the affected highways to reduce the risk.   

    “If people can avoid travelling on the affected highways during these times of increased risk, they should. Otherwise people need to plan ahead and be aware of the conditions they are travelling into by checking our Journey Planner site,” Mr Chambers says.

    “We have the option of closing sections of highway, or introducing restrictions, if the conditions warrant it. Our preference is to keep the roads open, and motorists can help us do that by driving with caution or staying off the roads if they can.”

    Journey Planner(external link)

    Winter driving advice

    MIL OSI New Zealand News –

    July 16, 2025

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

    Source: Hong Kong Government special administrative region

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

    Question:

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

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

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

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

    Reply:

    President,

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

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

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

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

    (1) Fiscal deficit and size of bond issuance

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

    (2) Economic and tax policy

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

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

    (3) Property related loans’ impact on banking system

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

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

         Thank you, President.

    MIL OSI Asia Pacific News –

    July 16, 2025

  • Iceland volcano erupts for 12th time since 2021

    Source: Government of India

    Source: Government of India (4)

    A volcano erupted in south-west Iceland on Wednesday, the country’s meteorological office said, marking the latest in a series of outbreaks near the capital in recent years.

    Often referred to as a land of ice and fire, the North Atlantic island nation with its many glaciers and volcanoes has now seen a dozen eruptions since geological systems on its Reykjanes peninsula reactivated in 2021.

    The outbreaks, known as fissure eruptions, are characterised by lava flows emerging from long cracks in the earth’s crust, rather than from a central crater.

    The Reykjanes eruptions have not so far posed a threat to the capital Reykjavik, nor have they caused significant dispersals of ash into the stratosphere, avoiding air traffic disruption.

    The nearby fishing town of Grindavik, home to nearly 4,000 residents before an evacuation order in 2023, however remains mostly deserted due to the periodic threat from lava flows and related eartquakes.

    The Blue Lagoon luxury spa and the nearby Svartsengi thermal power station have also been at risk from lava in some of the previous eruptions.

    Experts have said the eruptions in the area could recur for decades, or even centuries.

    Iceland, which is roughly the size of the U.S. state of Kentucky and has fewer than 400,000 residents, boasts more than 30 active volcanoes.

    That makes the north European island a prime destination for volcano tourism – a niche segment that attracts thousands of thrill seekers every year to sites from Mexico and Guatemala, to Sicily, Indonesia and New Zealand.

    (Reuters)

    July 16, 2025

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

    Source: Government of India

    Source: Government of India (4)

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

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

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

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

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

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

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

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

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

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

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

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

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

    CHINA IS CRUCIAL

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

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

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

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

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

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

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

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

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

    (Reuters)

    July 16, 2025

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

    Source: UNESCO World Heritage Centre

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

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

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

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

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

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

    Extractive activities in UNESCO World Heritage sites

    Commitments, risks and investments implications

    Dowload the full report

    English

    Protected, but not safe

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

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

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

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

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

    Extractives in World Heritage sites is an investment risk

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

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

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

    A critical opportunity and a shared responsibility

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

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

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

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

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

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

    About UNESCO and the World Heritage Convention

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

    About the Church of England Pensions Board

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

    About Greenbank

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

    About IUCN

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

    About WWF

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

    MIL OSI United Nations News –

    July 16, 2025

  • MIL-OSI Australia: Charges – Stolen motor vehicle – Katherine

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has charged a 23-year-old female after a vehicle was stolen from the Katherine Showgrounds last night.

    About 10:30pm, the Joint Emergency Services Communication Centre (JESCC) received reports of a silver Toyota Hilux being stolen from the showgrounds while the owner was unloading items from the rear of the vehicle.

    Police members responded and observed the vehicle on Murray Street a short time later. A pursuit was commenced with the stolen vehicle and shortly terminated for safety reasons.

    About 12am, the JESCC received reports of a burglary at a café on Katherine Terrace. It is alleged a number of offenders forced entry and stole various items before fleeing in the silver Hilux. Police observed the vehicle travelling on Chambers Drive and attempted a traffic apprehension. A pursuit was initiated after the vehicle failed to stop; however, it was terminated not long after for safety reasons.

    Police CCTV Operators observed the vehicle travelling north over the Katherine high level bridge at 4:55am. All units coordinated an apprehension plan and tyre deflation devices were successfully deployed about 5:10am, on the high level bridge.

    The stolen motor vehicle was recovered on Riverbank Drive and police arrested a 23-year-old female as she exited the vehicle. The female was charged with Drive a motor vehicle without consent and she was bailed to appear in Katherine Local Court on 28 August 2025.

    Strike Force Cerberus has carriage of the investigation, and several alleged offenders remain outstanding.

    Acting Superintendent Warren Scott said “With the significant influx of people in Katherine this weekend for the show, we’ve increased our local police presence to ensure the safety and enjoyment of all.

    “Our officers will have a visible presence at the showgrounds and around licensed venues in the CBD to support a fun and secure environment for both locals and visitors alike.”

    Anyone with information in relation to this incident is urged to contact police on 131 444. Please reference job number P25189674.

    Anonymous reports can also be made via Crime Stoppers on 1800 333 000.

    MIL OSI News –

    July 16, 2025

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

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

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

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

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

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

    ECO-FRIENDLY ENERGY

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

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

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

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

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

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

    IMPROVED BIODIVERSITY PROTECTION

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

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

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

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

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

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

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

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

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

    ECOLOGY-ENRICHED PROSPERITY

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

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

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

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

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

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

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

    MIL OSI China News –

    July 16, 2025

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

    Source: GlobeNewswire (MIL-OSI)

    AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR

    16 JULY 2025

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

      
    Highlights for the quarter ended 30 June 2025

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

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

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

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

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

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

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

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

    Corporate calendar

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

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

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

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


    Investor/analyst and media enquiries

    Alessandra Girolami, Group Investor Relations Director

    James Fraser, Investor Relations Executive

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

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

    Disclaimer

    The financial information contained in this announcement is unaudited.

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

    © Richemont 2025

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

    Richemont FY26 – Q1 Sales PDF EN

    The MIL Network –

    July 16, 2025

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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


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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Forward Looking Statements

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

    Attachments

    • Link to press release
    • Link to consolidated financial statements

    The MIL Network –

    July 16, 2025

  • MIL-OSI Russia: Summer under sail. How schoolchildren spend their holidays at the Peter the Great Children’s Marine Center

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    Summer is not only a time of rest for schoolchildren, but also a time of new opportunities. The children go tohikes, are mastering circus arts and acting, try their hand at the role firefighters and rescuers and even go sailing.

    Residents learn to operate boats and yachts and understand sea and river navigation at the Moscow City Children’s Marine Center named after Peter the Great, a structural division of center for the development of creativity of children and youth “Hermes”Classes are held in the main building of the institution and in the waters of the Khimki Reservoir.

    A mos.ru correspondent went to the coast and found out how the kids are mastering shipping, rowing and yachting.

    “Eight”, bollard and navigation simulator

    The Moscow City Children’s Marine Center named after Peter the Great is located on Leningradskoe Shosse, not far from the Vodny Stadion metro station. Future sailors and their teachers have several buildings, separate berths, and part of the Khimki Reservoir at their disposal. In the summer, educational shifts of the “Vacation with Benefit” program are held here for schoolchildren. Each shift lasts five days. Under the guidance of counselors, children join squads – crews and from Monday to Friday from 09:00 to 18:00 learn the basics of navigation.

    “In one shift, we try to give each child the most useful and interesting things. The children get acquainted with the terminology, study the basics of maritime affairs, and then try to apply the acquired knowledge in practice. The uniqueness of our center is that we are the only organization in Moscow at the capital

    Department of Education, which has its own exit to the water area. The children learn to sail on rowboats and small sailboats. Six experienced teachers work with them, among them are masters of sports in rowing and professional yachtsmen. We invite children from seven to 14 years old to the summer program. Last year, about 600 people joined us in June, July and August,” says Artem Osadchiy, head of the Moscow City Children’s Marine Center named after Peter the Great.

    Young Muscovites take their first steps as cabin boys, navigators, boatswains and captains in the educational building of the center on Leningradskoe Shosse (building 56a). You can recognize it by its bright terracotta facades and a large sign that reads: “The path to the navy begins here.” The hall is decorated with a wind rose and a large wooden steering wheel, and the walls of the corridors are decorated with portraits of naval officers. We turn right and pass by display cases with models of sailing ships and submarines and go into one of the offices. Geographical maps hang on the walls, a huge globe stands on the cabinet, and a friendly group of guys from the third crew sit on chairs in front of a large screen. Today they are studying mooring methods and sea knots.

    A few minutes later, the children go out into the yard with the teacher and, like real sailors, try to throw the mooring lines — ropes — over the line indicated by the teacher. This is what sailors do to secure a ship to the pier. Then the children wrap the rope around the bollard — a pair of small metal pipes for mooring ships, making loops in the shape of the number eight. When the knots are tied tightly, the children jump for joy: the imaginary ship is moored!

    Another unusual task awaits the children at the next lesson. On the second floor, in one of the classrooms, there is a huge ship’s wheelhouse – a navigation simulator. The students sit down in chairs near the display, and the ocean rages in front of them on the big screen. It seems as if the cabin is really floating on the water. The realism of what is happening is enhanced by the sound of waves from the speakers. Using switches and levers, you can control the ship, completing tasks: save a person who has fallen overboard and go around a huge barge. A couple of seconds – and the weather on the screen changes: a storm begins. Visibility drops, but the children do not give up – they overcome the waves, maneuvering between the ships.

    “This simulator not only imitates navigation, but also develops the vestibular system, allowing you to understand how pitching feels. The simulator also helps in preparing for boating in the water area. The waves are small here, but skill is also needed. As a rule, going out on the water is the most anticipated event for the children. And we try to allow them on boats and yachts at least three times per shift. And in addition to navigation, the program includes unique activities: a tour of the Khimki Reservoir, laser tag, active games and tourism. Under the guidance of experienced instructors, children learn to pitch a tent and make a fire,” emphasizes Artem Osadchiy.

    River navigation and teamwork

    After theoretical lessons, the children head to the shore of the Khimki Reservoir, where snow-white boats await them on wooden piers. The children put on life jackets, descend from the pier onto the vessel and take up the oars. Vladimir Petukhov, a rowing coach and teacher at the Peter the Great Moscow City Children’s Marine Center, gets into the boat with them.

    “On rowboats, children learn to row. This activity develops strength, endurance and coordination, and teaches teamwork. In rowing, it is important to do everything in a coordinated and synchronized manner, because if one lags behind, the others feel it too. At the same time, the main task of the coach is not only to teach the child to row correctly, but also to help him cope with the fear of water or pitching. A boat passed, waves appeared, and the children became worried. And we calm them down, show how to overcome them with the bow or stern. You can also place the boat parallel to the waves. The children quickly remember and eagerly await the next lessons,” says Vladimir Petukhov.

    Among the brave rowers is second-grader Arkady Grozdov. He confidently holds the oar and looks around. At seven years old, he can not only control a rowboat, but also work in a team. In the future, the boy wants to become a captain and lead ships along the Moscow River.

    “Rowing is not an easy activity, but I really like it. I get into the boat, take the oar and get ready to follow the teacher’s commands. If he says “starboard”, it means you need to turn right, if “portboard” – to the left. It is important to row at the same time as the other guys. Without synchronized movements, nothing will work,” notes Arkady Grozdov.

    The boys row and the boats set sail. First they go straight ahead, then turn left, towards Nikolsky Tupik. Large vessels do not sail in this part of the Khimki Reservoir, and it is safe to learn navigation here.

    Set the sail

    The kids have also gathered at the neighboring pier. The boys and girls in colorful life jackets are waiting for centerboard boats — small boats with sails. Ekaterina Kochkina, a teacher at the Moscow City Children’s Marine Center named after Peter the Great, a master of sports in sailing and a hereditary yachtsman, helps the children get on them. Following the example of her father, brothers and sisters, she has been sailing yachts for more than 20 years. Introducing centerboard boats to young Muscovites, Ekaterina Kochkina tries to reveal to them all the intricacies of her favorite business.

    “A centerboard boat is a small yacht. We spread the sail and set the direction using a feather, similar to the fin of a bright orange rudder. Where we turn it, that’s where the boat will go. In order for the centerboard boat to start moving forward, you need to set the sail at an angle of about 45 degrees to the wind. When leaving the pier, we take two children on the boat, and we try to give each one a task. For example, one is responsible for the sail, the other for the helm,” says Ekaterina Kochkina.

    The most important thing in sailing is the wind. Even the youngest passengers of centerboard boats can determine its direction. Among them is nine-year-old Alexandra Molchanova. She spent her first shift under sail last year, and this summer she is already confidently holding her own on the boat and quickly determines which way the wind is blowing.

    “There are multi-colored strings on the sail – “sorcerers”. They help to set the yacht on course. If the boat is moving, and both strings fly back, it means we are going with the wind. I associate centerboard boats with the sea, and I like that, even living far from the south, you can feel like you are there. I have not yet thought about whether I will connect my life with shipping, but next year I would like to take part in such a shift again,” says Alexandra Molchanova.

    Having become familiar with boat and dinghy management, the children often stay at the center in the fall. From September, various thematic programs are held here, including ship modeling and robotics, and before the river navigation closes, separate classes in rowing and sailing are organized.

    You can register your child for a summer shift or annual courses at the Moscow City Children’s Marine Center named after Peter the Great atmos.ru portal using the service “Registration in clubs, sports sections and art schools” in the “Services” section. In the opened tab, you need to find the institution in the search bar. The registration will appear for the new school year.

    During the holidays, Moscow schoolchildren will master the basics of sailingSports, entertainment, recreation and new friends: how children can spend their holidays in MoscowUseful vacation: the project “Summer of my career” opens in Moscow“Summer in a New Format”: Moscow’s Employment Service Prepares a Program for Children

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI Russia: More than 16 thousand Muscovites have joined the volunteer projects of the Dobroe Mesto centers

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The volunteer movement is actively developing in the capital, and nine “Good Place” centers play an important role in this. Since the beginning of the year, they have been visited by over 16 thousand people.

    The Dobroe Mesto centers are multifunctional spaces for in-person and online events, communication between friends and like-minded people, support for metropolitan organizations and volunteer associations, as well as forproviding to partners services.

    “Good Places” have become an integral part of the city residents’ personal and family life, a place for friends to meet, for their ideas to come true, and points of attraction. In our centers, you can start learning about useful activities and socially significant city projects. Anyone can become a volunteer and join events in the districts,” shared Alexander Levit, director of the Mosvolonter resource center.

    The centres are open from 10:00 to 21:00 Monday through Saturday, and on Sunday from 10:00 to 19:00. You can choose the one closest to your home or work atwebsite resource center “Mosvolonter”.

    By the end of the year, Muscovites who want to help the participants of the special military operation will be offered master classes on making camouflage nets, trench candles, dry showers and tactical bracelets. Volunteers who support animal shelters will create blankets, collars, beds and toys. Those who wish will be offered classes on painting shoppers, T-shirts and other events. You can register for the events atwebsite.

    From postcards to trench candles

    The centers provide everything you need to become part of the volunteer community: support, ideas, and like-minded people. Lectures and master classes, trainings, and round tables for Muscovites of different ages, professions, and interests are held here. Families from the district participate in events without going far from home. Children and adults find interesting activities for themselves.

    The most popular projects of “Good Place. SAO” were a board game tournament, a master class on creating postcards and a quest. In Zelenograd, the youth picnic gathered the most participants. In the center “Good Place. VAO” Muscovites enjoy creating with epoxy resin.

    In the south of the capital, most participants joined a master class on making postcards for veterans of the Great Patriotic War and a patriotic quest. Muscovites also created florariums and Easter decor.

    In the “Good Places” in the North-West, North-East and South-West Administrative Districts, city residents wove camouflage nets, created trench candles, knitted blankets for premature babies, painted wooden figures and helped homeless animals.

    Activities for helpers of all ages

    In “Good Place” you can always find support for your ideas. For example, volunteer of the center “Good Place. SAO” Daria Makhoydina held creative master classes for residents of the district, and Samira Amirova participated in the development of the competition “Volunteer District Games”.

    Before participating in city events, the Dobroe Mesto centers provide instructions or training. Newcomers receive equipment and ask questions to more experienced like-minded people. Since the beginning of the year, volunteer centers have helped to hold more than 190 city events. Among them are the Lapki festival, the 11th Red Square book festival, the work of the open-air museum Path to Victory, the city graduates’ holiday, and the health marathon.

    Volunteer center employees conduct kind lessons for schoolchildren and students. They help the children choose interesting areas of assistance and sign up for the first events. Since the beginning of the year, more than 110 kind lessons have been held for 4.4 thousand students.

    Exchange of experience and help from like-minded people

    “Good Place” is a platform for exchanging experiences. Leaders of volunteer associations hold round tables and joint discussions of city initiatives. More than 600 organizations have become partners of “Good Places”, most of them are educational institutions and non-profit organizations (NPOs). They develop volunteerism in districts, inspire beginning volunteers to choose their first activities and join regular assistance.

    For capital organizations, a free booking service is available in “Good Places”. In order to use it, you need to fill out a questionnaire aboutcooperation and become a partner of the resource center “Mosvolonter”. After that, in a special section on the website, you should select and book platformSince the beginning of the year, partners have used the service more than 130 times.

    In the district volunteer centers, representatives of NGOs and educational organizations receive methodological manuals and other training materials from the Mosvolonter center. They are pre-registered in the section “Ordering training materials”Since the beginning of the year, partners have used the service more than 50 times.

    Organizing volunteer activities and engaging in city events are in line with the objectives of the national project “Youth and Children” and the federal project “We are together”.

    You can find out more about the volunteer movement in the capital on the resource center website “Mosvolonter”, on his social network page “VKontakte” Andtelegram channel.

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

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

    .

    MIL OSI Russia News –

    July 16, 2025

  • MIL-OSI Russia: From July 17 to 20, the traffic pattern in the Garden Ring area will change

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    An important disclaimer is at the bottom of this article.

    The traffic pattern on the Garden Ring and several adjacent streets in central Moscow will temporarily change. This is due to the festival “Olympic Moscow”The holiday will take place on July 19, but preparations for it begin in advance.

    On July 17, from 00:01, parking will be prohibited on Zubovskaya Street (from Dashkova Lane to Bolshaya Pirogovskaya Street) and on Bolshaya Pirogovskaya Street (from Yelansky Street to Zubovskaya Street).

    On July 18 from 00:01 to 23:59 and on July 20 from 00:01 to 06:00, the lane on Zubovskaya Street (from Dashkova Lane to Bolshaya Pirogovskaya Street), Bolshaya Pirogovskaya Street (from Yelansky Street to Zubovskaya Street) and Barrikadnaya Street (from house 2/1, building 1 to the Garden Ring) will be closed to motorists.

    On July 19, from 00:01 to 17:00, traffic will be closed on Zubovskaya Street (from Dashkova Lane to Bolshaya Pirogovskaya Street), on Bolshaya Pirogovskaya Street (from Yelanskogo Street to Zubovskaya Street) and Barrikadnaya Street (from house 2/1, building 1 to the Garden Ring). On the same day, from 10:00 to 17:00, traffic will be closed on the Garden Ring and the section of Zubovskaya Street from Dashkova Lane to the Garden Ring.

    Drivers are asked to plan their route in advance, taking into account temporary changes. Full details can be found on the website Traffic Management Center.

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

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

    .

    MIL OSI Russia News –

    July 16, 2025
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