NewzIntel.com

    • Checkout Page
    • Contact Us
    • Default Redirect Page
    • Frontpage
    • Home-2
    • Home-3
    • Lost Password
    • Member Login
    • Member LogOut
    • Member TOS Page
    • My Account
    • NewzIntel Alert Control-Panel
    • NewzIntel Latest Reports
    • Post Views Counter
    • Privacy Policy
    • Public Individual Page
    • Register
    • Subscription Plan
    • Thank You Page

Category: Asia Pacific

  • MIL-OSI: Oxley Bridge Acquisition Limited Announces the Pricing of $220,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, BC, June 24, 2025 (GLOBE NEWSWIRE) — Oxley Bridge Acquisition Limited (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading on June 25, 2025, under the ticker symbol “OBAWU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OBA” and “OBAWW,” respectively. The offering is expected to close on June 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.

    The Company’s management team is led by Jonathan Lin, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Gary Chan, its Chief Financial Officer. The Board also includes Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.

    Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at prospectus@cantor.com,or by accessing the SEC’s website, www.sec.gov.

    A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contacts

    Oxley Bridge Acquisition Limited
    Jonathan Lin
    jonathan.lin@l2capm.com
    (778)-653-3584

    The MIL Network –

    June 25, 2025
  • MIL-OSI: Oxley Bridge Acquisition Limited Announces the Pricing of $220,000,000 Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    Vancouver, BC, June 24, 2025 (GLOBE NEWSWIRE) — Oxley Bridge Acquisition Limited (the “Company”) announced today the pricing of its initial public offering of 22,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The Nasdaq Global Stock Market LLC (“Nasdaq”) and begin trading on June 25, 2025, under the ticker symbol “OBAWU.” Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “OBA” and “OBAWW,” respectively. The offering is expected to close on June 26, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,300,000 units at the initial public offering price to cover over-allotments, if any.

    The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be to search globally for a target with operations or prospects focusing on global consumer and technology sectors with disruptive growth potential through the use of technology that can benefit from operations in Asia, excluding the People’s Republic of China, Hong Kong and Macau.

    The Company’s management team is led by Jonathan Lin, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), and Gary Chan, its Chief Financial Officer. The Board also includes Norma Chu, Enrique Gonzalez, Gan Wee Leong, and Jack Cho.

    Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

    The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, New York, New York 10022, or by email at prospectus@cantor.com,or by accessing the SEC’s website, www.sec.gov.

    A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on June 24, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the expected closing of the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all.

    Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Investor Contacts

    Oxley Bridge Acquisition Limited
    Jonathan Lin
    jonathan.lin@l2capm.com
    (778)-653-3584

    The MIL Network –

    June 25, 2025
  • MIL-OSI Europe: Looking back on Tuesday 24 June, the start of the 2025 NATO Summit in The Hague

    Source: Government of the Netherlands

    News item | 24-06-2025 | 23:00

    The 2025 NATO Summit officially opened today in The Hague. Heads of government, ministers, experts and defence industry representatives as well as young people, academics and opinion leaders came together at various locations to discuss security, cooperation and innovation. Below is an overview of the day’s main events.

    Enlarge image
    Photo: Ministry of Foreign Affairs

    NATO Public Forum – live on YouTube

    The two-day NATO Public Forum began today and is being broadcast live online for everyone to watch. Participants from the Netherlands and around the world, including heads of government, ministers, young people, academics and opinion leaders discussed the themes of this year’s Summit and developments in the world that affect our security.
    On Wednesday 25 June the Forum will again be broadcast live on the Ministry of Foreign Affairs’ YouTube channel under NATO Public Forum Live. More information about the programme is available at www.natopublicforum.org.

    Meeting between defence ministers and industry

    The NATO Summit Defence Industry Forum also took place today. Ministers, experts and business leaders from NATO countries came together to discuss how the defence industry can quickly be scaled up and strengthened. The goal is a stronger, sustainable and future-proof defence industry.

    Meeting between NATO, EU and Ukraine

    NATO Secretary-General Mark Rutte and the EU and Ukraine met for talks in The Hague.

    President Zelenskyy visits House of Representatives and Prime Minister

    Ukrainian President Volodymyr Zelenskyy visited the House of Representatives, where he addressed members of parliament. In the morning, he had a special meeting with Prime Minister Dick Schoof at the Catshuis. This visit was not part of the official summit programme.

    Royal dinner at Huis ten Bosch Palace

    On Tuesday evening, King Willem-Alexander and Queen Máxima hosted heads of state and government from NATO countries for an informal dinner. Leaders from Australia, New Zealand and Ukraine were also present, as was South Korea’s national security director and the presidents of the European Commission and the European Council.

    Enlarge image
    Photo: Ministry of Foreign Affairs

    Working dinners for ministers of NATO countries

    Foreign ministers met for a working dinner of the NATO-Ukraine Council. At the same time, defence ministers convened for a working dinner of the North Atlantic Council. Both meetings took place at World Forum in The Hague and were preceded by a joint reception.

    The 2025 NATO Summit will continue on Wednesday 25 June at the World Forum in The Hague.

    MIL OSI Europe News –

    June 25, 2025
  • MIL-OSI USA: Import Alerts for Certain Olympus Medical Devices Manufactured in Japan – Letter to Health Care Providers

    Source: US Department of Health and Human Services – 3

    June 24, 2025
    The U.S. Food and Drug Administration (FDA) is alerting health care providers about import alerts for certain medical devices manufactured in Japan by Olympus Medical Systems Corporation (Olympus) and its subsidiaries. Despite extensive and ongoing efforts to address compliance issues, FDA continues to have concerns related to outstanding Quality System regulation violations by Olympus. Therefore, the FDA has issued import alerts to prevent future shipments of certain devices from entering the United States, including specific models of:  

    Ureterorenoscopes, which are used to perform various diagnostic and therapeutic procedures within the urinary tract
    Bronchoscopes, which are used to perform various diagnostic and therapeutic procedures in the respiratory tract  
    Laparoscopes, which are used to perform various diagnostic and therapeutic procedures in the abdomen and pelvis  
    Automated endoscope reprocessors, which are used to reprocess various endoscopes

    Recommendations
    The FDA recommends that health care providers:

    Be aware of the FDA import alerts for certain medical devices manufactured in Japan by Olympus Medical Systems Corporation (Olympus) and its subsidiaries, under which the devices will be refused entry into the U.S.:

    Import Alert 89-04 for failure to meet quality system regulation requirements at Aizu, an Olympus manufacturing site in Japan

    Refer to the table below for model numbers and Unique Device Identifiers (UDI) for the devices included in the import alerts.

    Be aware that the import alert does not apply to related products (such as replacement parts, connectors, or single use consumables) used with the devices subject to import alert.  

    If you are currently using devices subject to the import alert, you may continue using these devices if you are not experiencing any problems with the devices.

    Follow the labeling and reprocessing instructions to properly clean and reprocess the devices, including accessory components.
    Do not use damaged devices or those that have failed a leak test, as they could be a potential source of contamination.
    Develop schedules for routine inspection and periodic maintenance in accordance with manufacturer’s instructions.

    Discuss the benefits and risks associated with procedures involving these devices with your patients. The FDA does not recommend that procedures be canceled or delayed without discussion of the benefits and risks between the health care provider and patient.
    Complete prompt reporting of adverse events to help us identify and better understand the risks associated with these devices.

    Background
    The FDA has issued warning letters and import alerts where the FDA has determined that certain facilities were not in compliance with current good manufacturing practice (CGMP) requirements and various reporting requirements, including for recalls that the FDA identified as the most serious type of recall.
    FDA Actions
    The FDA has taken several actions related to quality system requirements and compliance concerns with Olympus.  
    The FDA is continuing to engage with Olympus to accelerate corrective actions related to ongoing violations and minimize risk to patients, and may take further action as appropriate. FDA takes seriously its role in assuring patients that medical devices are safe and effective.
    The FDA will continue to keep health care providers and the public informed if new or additional information becomes available.
    Unique Device Identifier
    The FDA established the unique device identification system (UDI) to adequately identify medical devices sold in the United States from manufacturing through distribution to patient use.

    List of Olympus Devices Subject to Import Alert

    Device Name
    Version or Model
    Device Identifier (DI) Number

    Bronchofiberscope
    BF-PE2
    04953170062988; 04953170339974

    Bronchofiberscope
    BF-TE2
    04953170063008

    Bronchovideoscope
    BF-1T150
    04953170288968

    Bronchovideoscope
    BF-1TQ170
    04953170342943

    Bronchovideoscope
    BF-P150
    04953170288876; 04953170308178

    Bronchovideoscope
    BF-Q170
    04953170342912

    Endoeye Flex 3D Deflectable Videoscope
    LTF-190-10-3D
    04953170434938

    Endoeye Flex Deflectable Videoscope
    LTF-S190-5
    04953170310355

    Endoscope Reprocessor
    OER-PRO
    04953170258589

    Endoscope Reprocessor
    OER-MINI
    04953170331619

    Endoscope Reprocessor
    OER-Elite
    04953170404047

    Endoscope Reprocessor
    OER-AW
    Not Available

    Evis Exera Bronchofibervideoscope
    BF-MP160F
    04953170289064

    Evis Exera Bronchofibervideoscope
    BF-XP160F
    04953170340116

    Evis Exera Bronchovideoscope
    BF-3C160
    04953170340031

    Evis Exera Bronchovideoscope
    BF-XT160
    04953170340147

    Evis Exera II Bronchovideoscope
    BF-1T180
    04953170339325

    Evis Exera II Bronchovideoscope
    BF-1TQ180
    04953170339349

    Evis Exera II Bronchovideoscope
    BF-P180
    04953170339288

    Evis Exera II Bronchovideoscope
    BF-Q180
    04953170339301

    Evis Exera II Bronchovideoscope
    BF-Q180-AC
    04953170340086

    Evis Exera III Bronchofibervideoscope
    BF-MP190F
    04953170395581

    Evis Exera III Bronchovideoscope
    BF-P190
    04953170434983

    Evis Exera III Bronchovideoscope
    BF-XP190
    04953170342134

    Evis Exera Pleuravideoscope
    LTF-160
    04953170340284

    HD Endoeye Laparo-Thoraco Videoscope
    LTF-VH
    04953170287015

    Laparoscope
    LTF-V3
    Not Available

    Laparoscope
    LTF-VP
    Not Available

    Laparoscope
    LTF-VP-S
    Not Available

    OES Bronchofiberscope Olympus BF Type N20
    BF-N20
    04953170442667

    OES Bronchofiberscope
    BF-1T60
    04953170339264

    OES Bronchofiberscope
    BF-3C40
    04953170339219

    OES Bronchofiberscope
    BF-MP60
    04953170308277

    OES Bronchofiberscope
    BF-P60
    04953170339196

    OES Bronchofiberscope
    BF-XP60
    04953170339240

    OES Uretero-Reno Fiberscope
    URF-P5
    04953170340307

    Rhino-Laryngo Fiberscope
    ENF-P4
    04953170059032

    Rhino-Laryngo Videoscope
    ENF-V4
    04953170411380

    Rhino-Laryngo Videoscope
    ENF-VH2
    04953170411427

    Rhino-Laryngo Videoscope
    ENF-V3
    04953170411366

    Rhino-Laryngo Videoscope
    ENF-VH
    04953170411403

    Rhino-Laryngo Videoscope
    ENF-VQ
    04953170411441

    Rhino-Laryngo Videoscope
    ENF-VT2
    04953170411472

    Rhino-Laryngofiberscope
    ENF-XP
    04953170059018

    Rhino-Laryngofiberscope
    ENF-GP
    04953170078231

    Rhino-Laryngofiberscope
    ENF-T3
    04953170411526

    Tracheal Intubation Fiberscope
    LF-DP
    04953170340192; 04953170136856

    Tracheal Intubation Fiberscope
    LF-GP
    04953170061998

    Tracheal Intubation Fiberscope
    LF-TP
    04953170136825

    Uretero-reno fiberscope
    URF-P7
    04953170403811

    Uretero-Reno Fiberscope
    URF-P7R
    04953170403835

    Uretero-Reno Videoscope
    URF-V2
    04953170343582

    Uretero-Reno Videoscope
    URF-V2R
    04953170343612

    Uretero-Reno Videoscope
    URF-V3
    04953170435119

    Uretero-Reno Videoscope
    URF-V3R
    04953170403392

    Uretero-Reno Videoscope
    URF-V
    04953170340321

    Visera Cysto-Nephro Videoscope
    ENF-V2
    04953170411342

    XENF-DP Rhino-Laryngofiberscope
    ENF-PGP
    Not Available

    Reporting Problems to the FDA
    The FDA encourages health care providers to report any adverse events or suspected adverse events experienced with medical devices manufactured by Olympus:

    By promptly reporting adverse events, you can help the FDA identify and better understand the risks associated with medical devices.
    Contact Information
    If you have questions about this letter, contact the Division of Industry and Consumer Education (DICE).
    Additional Resources

    Content current as of:
    06/24/2025

    Regulated Product(s)

    MIL OSI USA News –

    June 25, 2025
  • MIL-Evening Report: The ancients also had to deal with a cost-of-living crisis. Here’s how they managed

    Source: The Conversation (Au and NZ) – By Konstantine Panegyres, Lecturer in Classics and Ancient History, The University of Western Australia

    Louis Le Brun, Public domain, via Wikimedia Commons, CC BY

    Talk to anyone today, and they will probably have something to say about how expensive life has become. While the rate of inflation has slowed, prices for many goods and services are still much higher than pre-pandemic.

    Cost-of-living crises are not new. They have occurred at various times and places throughout the millennia.

    If we look at cost-of-living pressures in ancient Greek and Roman times and how people back then dealt with them, we can learn something about how to face our own issues.

    ‘The price of land has gone up’

    The cost of living was a conversation topic in antiquity, especially the price of land and food.

    The Roman writer Pliny the Younger (circa 61–113 CE) in one of his letters remarked to his friend about the rising cost of real estate:

    Have you heard that the price of land has gone up, particularly in the neighbourhood of Rome? The reason for the sudden increase in price has given rise to a good deal of discussion.

    The ancient Greek scholar Athenaeus, who lived in Naukratis, in Egypt, around 200 CE, wrote a long book called The Learned Banqueters, depicting a dinner party.

    The characters at this dinner party often complain about the price of food and goods. For example, one character complains about the price of fish:

    I don’t think I’ve ever seen fish more expensive. Poseidon, if you got 10% of what’s spent on them every day, you’d be far away the richest god there is!

    People often said that fish was exorbitantly expensive and thought fish sellers were trying to rip them off.

    In fact, the poet Antiphanes (circa 408–330 BCE) complained “there’s no group more abominable” than fish sellers and money lenders.

    How to lower costs?

    Ancient people were well aware that a cost-of-living crisis can cause political disturbances.

    As the Roman poet Lucan (39–65 CE) wrote:

    the causes of hatred and mainsprings of political popularity are determined by the price of food.

    So, how did ancient leaders deal with this sort of problem?

    One solution was for the ruler to cover the cost of inflation.

    For example, the Athenian statesman Demosthenes (384–322 BCE) mentions a problem with the price of grain that was solved by boosting imports:

    When grain earlier advanced in price and reached sixteen drachmae per medimnus, we imported more than ten thousand medimni of wheat, and measured it out at the normal price of five drachmae a medimnus.

    Alexander Severus helped trim the cost of meat.
    Creative commons, CC BY

    Another solution was to put extreme regulations on the market.

    For example, the Roman emperor Alexander Severus (ruled 222–235 CE) was once faced by a group of angry citizens.

    They demanded a reduction in the price of beef and pork, which had become unaffordable.

    Alexander Severus “did not proclaim a general reduction in prices”, says the anonymous biographer who recounts this anecdote. Instead, the emperor

    ordered that no one should slaughter a sow or a suckling pig, a cow, or a calf. In two years or even in little more than one year, there was such an abundance of pork and beef that while a pound previously cost eight minutili, the price of both these meats was reduced to two and even one per pound.

    The city is so expensive

    The Greek writer Plutarch of Chaeronea (46–119 CE) records a story about the famous philosopher Socrates (circa 470–399 BCE), who lived in Athens.

    One day, according to Plutarch, a friend of Socrates complained to him about “how expensive the city was”:

    Chian wine costs a mina, a purple robe three minae, a half-pint of honey five drachmas!

    In response, Socrates took his friend by the hand and told him to search for bargains or for cheaper items, saying:

    A sleeveless vest for ten drachmas! The city is cheap!

    Socrates’ point was that even in expensive times it’s still possible to find bargains to save money. You just have to look harder for them and lower your standard of living. It can be difficult to do that, but it’s necessary.

    Socrates also gave out employment advice for people who were struggling.

    According to Socrates’ friend, the historian Xenophon of Athens (430–350 BCE), when a poor veteran came to Socrates complaining about lack of money and asking how to cope with expenses, Socrates told him to

    take up some kind of work at once that will assure you a living when you get old.

    Socrates thought making sure you still have money when you
    are old is more important than fully enjoying your current job. You will likely have to put up with things you don’t like to achieve security.

    From ancient to modern

    Most ancient people would probably have said that during a cost-of-living crisis it’s best to be patient, live simply, and wait for better times to come.

    As Pliny the Younger (circa 61–113 CE) once wrote in one of his letters, “my income is small or precarious, but its deficiencies can be made up by simple living”.

    If politicians cannot solve the problems, then it is up to us to cope with them as best as we can.

    Konstantine Panegyres 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. The ancients also had to deal with a cost-of-living crisis. Here’s how they managed – https://theconversation.com/the-ancients-also-had-to-deal-with-a-cost-of-living-crisis-heres-how-they-managed-257896

    MIL OSI Analysis – EveningReport.nz –

    June 25, 2025
  • MIL-OSI United Kingdom: Making the UK the best place to do business: Modern Industrial Strategy set to deepen global collaboration

    Source: United Kingdom – Executive Government & Departments

    World news story

    Making the UK the best place to do business: Modern Industrial Strategy set to deepen global collaboration

    • English
    • Español de América Latina

    Modern Industrial Strategy will make the UK the best country to invest in and grow a business, delivering on the Plan for Change.

    UK’s Modern Industrial Strategy

    • Strategy developed in partnership with business, marking a new era of collaboration between government and high growth industries.
    • New Industrial Strategy to unlock billions in investment and support 1.1 million new well-paid jobs over the next decade. *New Global Talent Taskforce and £54m fund will attract world-class researchers, top talent and their teams to the UK.
    • Electricity costs for thousands of businesses to be slashed by up to 25%.

    The plan focuses on 8 high growth sectors, including Advanced Manufacturing, Clean Energy Industries, Digital and Technologies, Financial Services and Life Sciences, where there is potential for faster growth.

    The modern Industrial Strategy unveiled today, Monday 23 June, sets out a ten-year plan to boost investment, create good skilled jobs and make Britain the best place to do business.

    It includes targeted support for the areas of the country and economy that have the greatest potential to grow, while introducing reforms that will make it easier for all businesses to get ahead.

    The Strategy’s bold plan of action includes:

    • Slash electricity costs by up to 25% from 2027 for electricity-intensive manufacturers in growth sectors and foundational industries in their supply chain, bringing costs more closely in line with other major economies in Europe.

    • Unlocking billions in finance for innovative business, especially for SMEs by increasing British Business Bank financial capacity to £25.6 billion, crowding in tens of billions of pounds more in private capital. The includes an additional £4bn for Industrial Strategy Sectors, crowding in billions more in private capital. By investing largely through venture funds, the BBB will back the UK’s most high-growth potential companies.

    • Reducing regulatory burdens by cutting the administrative costs of regulation for business by 25% and reduce the number of regulators. 

    • Boosting R&D spending to £22.6bn per year by 2029-30 to drive innovation across the IS-8, with more than £2bn for AI over the Spending Review, and £2.8bn for advanced manufacturing over the next ten years. This will leverage in billions more from private investors. Regulatory changes will further clear the path for fast-growing industries and innovative products such as biotechnology, AI, and autonomous vehicles.

    • Attracting elite global talent to our key sectors, via visa and migration reforms and the new Global Talent Taskforce. The Taskforce and a £54m Global Talent Fund will support top talent to relocate to the UK.

    • Deepening economic and industrial collaboration with our partners, building on our Industrial Strategy Partnership with Japan and recent deals with the US, India, and the EU.

    • Reducing planning timelines and cutting costs for developers, by hiring more planners, streamlining pre-application requirements and combining environmental obligations, removing burdens on businesses as well as accelerating house building. 

    • Revolutionising public procurement and reducing barriers for new entrants and SMEs to bolster domestic competitiveness.

    • Supporting the UK’s city regions and clusters by increasing the supply of investible sites through a new £600m Strategic Sites Accelerator, enhanced regional support from the Office for Investment, National Wealth Fund, and British Business Bank, and more.

    • Upskilling the nation with an extra £1.2 billion each year for skills by 2028-29, and delivering more opportunities to learn and earn in our high-growth sectors including new short courses in relevant skills funded by the Growth and Skills Levy and skills packages targeted at defence digital and engineering.

    • Supporting 5,500 more SMEs to adopt new technology through the Made Smarter programme while centralising government support in one place through the Business Growth Service.

    The plan focuses on 8 sectors where the UK is already strong and there’s potential for faster growth: Advanced Manufacturing, Clean Energy Industries, Creative Industries, Defence, Digital and Technologies, Financial Services, Life Sciences, and Professional and Business Services. Each growth sector has a bespoke 10-year plan that will attract investment, enable growth and create high-quality, well-paid jobs. 

    Five sector plans have been published in tandem:

    Advanced Manufacturing

    Backing the Advanced Manufacturing sector with up to £4.3 billion in funding, including up to £2.8 billion in R&D over the next five years, with the aim of anchoring supply chains in the UK – from increasing vehicle production to 1.35, to leading the next generation of technologies for zero emission flight.

    Clean Energy Industries

    Doubling investment in Clean Energy Industries by 2035, with Great British Energy helping to build the clean power revolution in Britain with a further £700 million in clean energy supply chains, taking the total funding for the Great British Energy Supply Chain fund to £1 billion.

    Creative Industries

    Maximizing the value of the UK’s Creative Industries through a £380 million boost for film and TV, video games, advertising and marketing, music and visual and performing arts will improve access to finance for scale-ups and increase R&D, skills and exports.

    Digital and Technologies

    Making the UK the European leader for creating and scaling Digital and Technology businesses, with more than £2 billion to drive the AI Action Plan, including a new Sovereign AI Programme, £187 million for training one million young people in tech skills and targeting R&D investment at frontier technologies such as cyber security in Northern Ireland, semiconductors in Wales and quantum technologies in Scotland. 

    Professional and Business Services

    Ensuring the UK’s Professional and Business Services becomes the world’s most trusted adviser to global industry, revolutionising the sector across the world through adoption of UK-grown AI and working to secure mutual recognition of professional qualifications agreements overseas.

    Prime Minister Keir Starmer said:

    This Industrial Strategy marks a turning point for Britain’s economy and a clear break from the short-termism and sticking plasters of the past.

    In an era of global economic instability, it delivers the long-term certainty and direction British businesses need to invest, innovate and create good jobs that put more money in people’s pockets as part of the plan for change.

    This is how we power Britain’s future – by backing the sectors where we lead, removing the barriers that hold us back, and setting out a clear path to build a stronger economy that works for working people. Our message is clear – Britain is back and open for business.

    Regarding the launch of the New Industrial Strategy, British Ambassador to Chile, Louise de Sousa, said:

    The UK’s modern Industrial Strategy is our ten-year plan to strengthen infrastructure, reduce costs for businesses and simplify regulation.

    With a highly skilled workforce and unrivalled global business connectivity, the UK provides an ideal location to scale, invest and grow business, by accessing the G7’s lowest corporation tax and a generous R&D tax.

    This being and internation strategy from the start, the plan will provide local businesses, entrepreneurs and innovators the stability and ease needed to make long-term investment decisions, which, in turn will help strengthening the already strong economic ties between UK and Chile.

    The Industrial Strategy is a 10-year plan to promote business investment and growth and make it quicker, easier and cheaper to do business in the UK, giving businesses the confidence to invest and create 1.1 million good, well-paid jobs in thriving industries – delivering on the UK Government’s Plan for Change.

    Further information

    If you want to know more about this matter, please contact the Communications Office.

    For more information about the activities of the British Embassy in Santiago, follow us on:

    • Twitter

    • Facebook

    • Instagram

    • LinkedIn

    • Flicker

    Share this page

    The following links open in a new tab

    • Share on Facebook (opens in new tab)
    • Share on Twitter (opens in new tab)

    Updates to this page

    Published 24 June 2025

    MIL OSI United Kingdom –

    June 25, 2025
  • MIL-OSI Russia: China’s Innovation-Driven Growth Gains Momentum: Report

    Translation. Region: Russian Federal

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

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

    BEIJING, June 24 (Xinhua) — The results of innovation-driven development are becoming more evident every day, and the strategy of driving development through innovation is gaining momentum, a State Council report said Tuesday.

    Beijing, Shanghai and the Guangdong-Hong Kong-Macao Greater Bay Area have made remarkable progress in becoming international hubs for scientific and technological innovation, according to a report submitted by the State Council to the current session of the Standing Committee of the National People’s Congress.

    In 2024, the integrated circuit industry saw rapid growth, with production increasing by 22.2 percent and its export value exceeding 1.1 trillion yuan (about 153 billion US dollars), reaching a historical high.

    The report states that new batches of high-tech domestically produced equipment have been put into operation, including high-power tractors with continuously variable transmission and large-capacity liquefied natural gas tankers.

    The report shows that China’s scientific, technological and industrial innovation are deeply integrated, and the country’s construction of a modernized industrial system is progressing at an accelerated pace.

    China has also made progress in promoting green and low-carbon development, with energy consumption per unit of GDP falling by more than 3 percent in 2024. The report emphasizes that China has created a good foundation and favorable conditions for cultivating productive forces of new quality. –0–

    MIL OSI Russia News –

    June 25, 2025
  • MIL-OSI: Anterix Inc. Reports Full Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    WOODLAND PARK, N.J., June 24, 2025 (GLOBE NEWSWIRE) — Anterix (NASDAQ: ATEX) today announced fiscal 2025 fourth quarter and full fiscal year financial results and filed its 10-K for the year ended March 31, 2025. The Company also issued an update on its Demonstrated Intent metric which can be found on Anterix’s website at https://investors.anterix.com/events-presentations.

    Full Year FY2025 Financial and Operational Highlights

    • Appointed Scott Lang as President and Chief Executive Officer effective October 8, 2024
    • Appointed Thomas Kuhn as Executive Chairman of the Board in January 2025
    • Executed new spectrum sale agreements with Oncor Electric Delivery Company LLC (“Oncor”) for $102.5 million in June 2024 and Lower Colorado River Authority (“LCRA”) for $13.5 million in January 2025
    • Received milestone payments of $8.5 million from Ameren Corporation (“Ameren”) and $44.0 million from Oncor
    • Approximately $147 million of contracted proceeds outstanding with approximately $80 million to be received in fiscal 2026
    • Exchanged narrowband for broadband licenses in 67 counties and recorded a $22.8 million gain
    • Invested $18.1 million in spectrum clearing costs
    • Secured FCC approval of a Notice of Proposed Rulemaking to expand the current paired 3 x 3 MHz broadband segment to a paired 5 x 5 MHz broadband segment within the 900 MHz band in January 2025
    • Initiated a strategic review process after receiving inbound interest in the Company in February 2025 which remains ongoing
    • Launched the AnterixAccelerator™ industry engagement initiative in March 2025 to speed up utility adoption of private broadband networks; the program is now oversubscribed with utilities actively engaged in discussions and negotiations for $250 million in 900 MHz spectrum incentives
    • Approximately $3 billion pipeline of prospective contract opportunities across 60+ potential customers

    Fourth Quarter FY2025 Financial Highlights

    • Exchanged narrowband for broadband licenses in 47 counties and recorded a $2.0 million gain
    • Transferred four broadband licenses to Oncor and recorded an $18.3 million gain on the sale of intangible assets
    • Invested $5.5 million in spectrum clearing costs
    • Successfully identified and executed on several measures to reduce operating expenses, mainly through cuts in consulting fees and headcount costs

    Liquidity and Balance Sheet

    At March 31, 2025, the Company had no debt and cash and cash equivalents of $47.4 million. In addition, the Company had a restricted cash balance of $7.7 million in escrow deposits.

    The Company has an authorized share repurchase program for up to $250.0 million of the Company’s common stock on or before September 21, 2026. In the fiscal 2025 fourth quarter and full fiscal, Anterix had share repurchase activity of $2.0 million and $8.4 million, respectively. As of March 31, 2025, $227.7 million is remaining under the share repurchase program.

    Conference Call Information

    Anterix senior management will hold an analyst and investor conference call to provide a business update at 9:00 A.M. ET on Wednesday, June 25, 2025. Participants interested in joining the call’s live question and answer session are required to pre-register by clicking on the following link https://investors.anterix.com/events/event-details/q4-fy2025-anterix-earnings-conference-call to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.

    About Anterix Inc.

    At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 125 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

    Forward-Looking Statements

    Certain statements contained in this press release constitute forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future events or achievements such as statements in this press release related to Anterix’s business, financial results, outlook, or opportunities. Actual events or results may differ materially from those contemplated in this press release. Forward-looking statements speak only as of the date they are made and readers are cautioned not to put undue reliance on such statements, as they are subject to a number of risks and uncertainties that could cause Anterix’s actual future results to differ materially from results indicated in the forward-looking statement. Such statements are based on assumptions that could cause actual results to differ materially from those in the forward-looking statements, including: (i) the timing of payments under customer agreements; (ii) Anterix’s ability to clear the 900 MHz Broadband Spectrum on a timely basis and on commercially reasonable terms; (iii) Anterix’s ability to timely secure broadband licenses; (iv) Anterix’s ability to successfully commercialize its spectrum assets to its targeted utility customers in accordance with its plans and expectations; (v) Anterix’s ability to execute on its customer engagement initiatives; (vi) the timing and outcome of Anterix’s strategic review process; (vii) whether Anterix will be able to identify, develop or execute on any actions as a result of its strategic review process and (viii) competition in the market for spectrum and spectrum solutions offered by Anterix. Actual events or results may differ materially from those contemplated in this press release. Anterix’s filings with the Securities and Exchange Commission (“SEC”), which you may obtain for free at the SEC’s website at http://www.sec.gov, discuss some of the important risk factors that may affect the Company’s financial outlook, business, results of operations and financial condition. Anterix undertakes no obligation to update publicly or revise any forward-looking statements contained herein.

    Shareholder Contact

    Natasha Vecchiarelli
    Vice President, Investor Relations & Corporate Communications
    Anterix
    973-531-4397
    nvecchiarelli@anterix.com

     
     
    Anterix Inc.
    Earnings Release Tables
    Consolidated Balance Sheets
    (in thousands, except share and per share data)
     
      March 31, 2025   March 31, 2024
    ASSETS
    Current assets      
    Cash and cash equivalents $ 47,374     $ 60,578  
    Non-trade receivable   2,926       —  
    Spectrum receivable   7,107       8,521  
    Escrow deposits   547       —  
    Prepaid expenses and other current assets   2,801       3,912  
    Total current assets   60,755       73,011  
    Escrow deposits   7,103       7,546  
    Property and equipment, net   1,302       2,062  
    Right of use assets, net   4,829       4,432  
    Intangible assets   228,983       216,743  
    Deferred broadband costs   28,944       19,772  
    Other assets   1,188       1,328  
    Total assets $ 333,104     $ 324,894  
    LIABILITIES AND STOCKHOLDERS’ EQUITY
    Current liabilities      
    Accounts payable and other accrued expenses $ 9,075     $ 8,631  
    Accrued severance and other related charges   2,265       —  
    Due to related parties   30       —  
    Operating lease liabilities   1,643       1,850  
    Contingent liability   8,093       1,000  
    Deferred revenue   6,095       6,470  
    Total current liabilities   27,201       17,951  
    Operating lease liabilities   3,747       3,446  
    Contingent liability   15,336       15,000  
    Deferred revenue   118,577       115,742  
    Deferred gain on sale of intangible assets   4,911       4,911  
    Deferred income tax   6,606       6,281  
    Other liabilities   125       531  
    Total liabilities   176,503       163,862  
    Commitments and contingencies      
    Stockholders’ equity      
    Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized and no shares outstanding at March 31, 2025 and March 31, 2024   —       —  
    Common stock, $0.0001 par value per share, 100,000,000 shares authorized and 18,612,804 shares issued and outstanding at March 31, 2025 and 18,452,892 shares issued and outstanding at March 31, 2024   2       2  
    Additional paid-in capital   548,542       533,203  
    Accumulated deficit   (391,943 )     (372,173 )
    Total stockholders’ equity   156,601       161,032  
    Total liabilities and stockholders’ equity $ 333,104     $ 324,894  
           
    Anterix Inc.
    Earnings Release Tables
    Consolidated Statements of Operations
    (in thousands, except share and per share data)
                   
      Three Months Ended March 31,   Year Ended March 31,
        2025       2024       2025       2024  
    Spectrum revenue $ 1,389     $ 1,260     $ 6,031     $ 4,191  
                   
    Operating expenses              
    General and administrative   9,220       9,593       42,671       44,423  
    Sales and support   1,594       1,728       6,110       5,693  
    Product development   1,089       2,243       5,735       5,697  
    Severance and other related charges   258       —       3,771       —  
    Depreciation and amortization   76       191       548       844  
    Operating expenses   12,237       13,755       58,835       56,657  
    Gain on exchange of intangible assets, net   (1,953 )     (1,989 )     (22,799 )     (35,024 )
    Gain on sale of intangible assets, net   (18,294 )     —       (18,294 )     (7,364 )
    Loss from disposal of long-lived assets, net   3       5       3       44  
    Income (loss) from operations   9,396       (10,511 )     (11,714 )     (10,122 )
    Interest income   446       926       2,159       2,374  
    Other income   40       44       75       233  
    Income (loss) before income taxes   9,882       (9,541 )     (9,480 )     (7,515 )
    Income tax expense (benefit)   674       (130 )     1,892       1,613  
    Net income (loss) $ 9,208     $ (9,411 )   $ (11,372 )   $ (9,128 )
    Net income (loss) per common share basic $ 0.50     $ (0.51 )   $ (0.61 )   $ (0.49 )
    Net income (loss) per common share diluted $ 0.49     $ (0.51 )   $ (0.61 )   $ (0.49 )
    Weighted-average common shares used to compute basic net income (loss) per share   18,577,700       18,483,292       18,562,446       18,765,190  
    Weighted-average common shares used to compute diluted net income (loss) per share   18,709,205       18,483,292       18,562,446       18,765,190  
                   
    Anterix Inc.
    Earnings Release Tables
    Consolidated Statements of Cash Flows
    (in thousands)
                   
      Three Months Ended March 31,   Year Ended March 31,
        2025       2024       2025       2024  
    CASH FLOWS FROM OPERATING ACTIVITIES              
    Net income (loss) $ 9,208     $ (9,411 )   $ (11,372 )   $ (9,128 )
    Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities              
    Depreciation and amortization   76       191       548       844  
    Stock compensation expense   2,912       3,483       13,531       15,507  
    Deferred income taxes   (130 )     (51 )     325       841  
    Rights of use assets   431       2,770       1,657       1,512  
    Gain on exchange of intangible assets, net   (1,953 )     (1,989 )     (22,799 )     (35,024 )
    Gain on sale of intangible assets, net   (18,294 )     —       (18,294 )     (7,364 )
    Loss from disposal of long-lived assets, net   3       5       3       44  
    Changes in operating assets and liabilities              
    Non-trade receivable   (2,926 )     —       (2,926 )     —  
    Prepaid expenses and other assets   (139 )     (1,493 )     1,126       (1,171 )
    Accounts payable and other accrued expenses   167       348       550       1,936  
    Accrued severance and other related charges   (25 )     —       2,265       —  
    Due to related parties   30       —       30       (533 )
    Operating lease liabilities   (507 )     (2,865 )     (1,960 )     (1,924 )
    Contingent liability   (4,001 )     —       5,999       15,000  
    Deferred revenue   (1,389 )     15,152       2,460       61,453  
    Other liabilities   (18 )     —       (406 )     —  
    Net cash (used in) provided by operating activities   (16,555 )     6,140       (29,263 )     41,993  
    CASH FLOWS FROM INVESTING ACTIVITIES              
    Purchases of intangible assets, including refundable deposits, retuning costs and swaps   (5,474 )     (2,222 )     (18,095 )     (17,031 )
    Proceeds from sale of spectrum   40,935       —       40,935       25,427  
    Purchases of equipment   (46 )     (40 )     (87 )     (307 )
    Net cash provided by (used in) investing activities   35,415       (2,262 )     22,753       8,089  
    CASH FLOWS FROM FINANCING ACTIVITIES              
    Proceeds from stock option exercises   1,691       770       3,651       777  
    Repurchase of common stock   (1,955 )     (5,970 )     (8,398 )     (24,676 )
    Payments of withholding tax on net issuance of restricted stock   —       (104 )     (1,843 )     (1,241 )
    Net cash used in financing activities   (264 )     (5,304 )     (6,590 )     (25,140 )
    Net change in cash and cash equivalents and restricted cash   18,596       (1,426 )     (13,100 )     24,942  
    CASH AND CASH EQUIVALENTS AND RESTRICTED CASH              
    Cash and cash equivalents and restricted cash at beginning of the year   36,428       69,550       68,124       43,182  
    Cash and cash equivalents and restricted cash at end of the year $ 55,024     $ 68,124     $ 55,024     $ 68,124  
                   

    The following tables provide a reconciliation of cash and cash equivalents and restricted cash reported on the Consolidated Balance Sheets that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:

      March 31, 2025   March 31, 2024   March 31, 2023
    Cash and cash equivalents $ 47,374     $ 60,578     $ 43,182  
    Escrow deposits   7,650       7,546       —  
    Total cash and cash equivalents and restricted cash $ 55,024     $ 68,124     $ 43,182  
               
          December 31, 2024   December 31, 2023
    Cash and cash equivalents     $ 28,797     $ 62,033  
    Escrow deposits       7,631       7,517  
    Total cash and cash equivalents and restricted cash     $ 36,428     $ 69,550  
               
    Anterix Inc.
    Earnings Release Tables
    Other Financial Information
    (in thousands except per share data)
                   
      Three Months Ended March 31,   Year Ended March 31,
        2025       2024       2025       2024  
    Number of shares repurchased and retired   50       173       245       736  
    Average price paid per share* $ 38.63     $ 33.80     $ 33.71     $ 33.72  
    Total cost to repurchase $ 1,955     $ 5,970     $ 8,398     $ 24,676  
    * Average price paid per share includes costs associated with the repurchases, excluding excise taxes associated with the share repurchases.
       

    As of March 31, 2025, $227.7 million is remaining under the share repurchase program.

    The MIL Network –

    June 25, 2025
  • MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 Second-Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 24, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at March 31, 2025, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The second-quarter dividend is payable on July 20, 2025, to shareholders of record as of July 7, 2025.  

    For over 50 years, F&M has paid a quarterly dividend and has increased its annual dividend for 30 consecutive years reflecting the Company’s long-standing commitment to return capital to shareholders. 

    About Farmers & Merchants State Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe Harbor statement
    Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network –

    June 25, 2025
  • MIL-OSI: Farmers & Merchants Bancorp, Inc. Declares 2025 Second-Quarter Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    ARCHBOLD, Ohio, June 24, 2025 (GLOBE NEWSWIRE) — The Board of Directors of Farmers & Merchants Bancorp, Inc., (Nasdaq: FMAO) the holding company of F&M Bank, with total assets of $3.39 billion at March 31, 2025, today announced that it has approved the Company’s quarterly cash dividend of $0.22125 per share. The second-quarter dividend is payable on July 20, 2025, to shareholders of record as of July 7, 2025.  

    For over 50 years, F&M has paid a quarterly dividend and has increased its annual dividend for 30 consecutive years reflecting the Company’s long-standing commitment to return capital to shareholders. 

    About Farmers & Merchants State Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in Troy, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe Harbor statement
    Farmers & Merchants Bancorp, Inc. (“F&M”) wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

    The MIL Network –

    June 25, 2025
  • MIL-OSI USA: On Third Anniversary of Overturn of Roe v. Wade, Welch Joins Senate Democrats in Introducing Bill to Restore Abortion Access Nationwide 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – On the third anniversary of the U.S. Supreme Court overturning Roe v. Wade, U.S. Senator Peter Welch (D-Vt.) joined U.S. Senators Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), and Patty Murray (D-Wash.) and the entire Senate Democratic caucus in introducing the Women’s Health Protection Act of 2025, legislation to guarantee access to abortion across the country and restore the right to comprehensive reproductive health care for millions of Americans.  
    The bill’s introduction comes as the Trump Administration further attacks a woman’s right to choose and Congressional Republicans barrel ahead with a tax cut bill that defunds Planned Parenthood. Put together, Trump and Congressional Republicans’ assault on Americans’ reproductive rights is a backdoor national abortion ban, ripping away millions of women’s access to abortion care and right to control their bodies.     
    “The Supreme Court’s draconian Dobbs decision is one that will live on in infamy—for the first time leaving women in this country with fewer rights than their mothers and grandmothers. Three years later, President Trump and Congressional Republicans are still trying to claw back access to abortion care and take away patients’ rights to make vital choices about their health. I’m proud to join Senate Democrats in introducing the Women’s Health Protection Act to put choice back in the hands of patients and restore abortion rights nationwide,” said Senator Welch. 
    “First, Donald Trump and Republicans overturned Roe v Wade. Now, they are continuing their crusade for a national abortion ban, stripping away a woman’s right to choose and control her body, healthcare, and future. Republicans continue to show that they will stop at nothing in their pursuit to stop a woman from having the right to choose,” said Senator Baldwin. “In Wisconsin, we’ve seen how these attacks on women’s reproductive rights and freedoms have hurt our neighbors, friends, and families – and we won’t stand for it. The Women’s Health Protection Act is a necessary step to restore Americans’ constitutional right to choose what’s best for their families, stop Congressional and state-level Republicans from further putting themselves between a doctor and a woman, and once and for all, give women their rights and freedoms back.”  
    “This issue is about more than health care; it is about women’s rights, individual rights, and human rights. The foundation of the Women’s Health Protection Act is simply the right to make your own health care decisions. Three years after Dobbs, American women don’t have that right. Today, thanks to Republican lawmakers and conservative courts, a woman in America might walk into an ER and faint, bleeding, and be refused treatment. That woman might die,” said Senator Blumenthal. “By restoring abortion access and implementing basic protections against medically unnecessary restrictions on health care, the Women’s Health Protection Act overturns the death sentence handed down by Dobbs.” 
    “Three years ago, Donald Trump and Republicans succeeded in overturning Roe, ripping away a Constitutional right for the first time in American history, and causing a full-blown health care crisis in our nation. Since then, we have seen with painful clarity how Republican abortion bans are putting women’s lives in danger, forcing providers to close their doors, decimating access to maternal health care, and forcing women to remain pregnant—no matter their circumstances,” said Senator Murray. “I’m proud to join my colleagues in reintroducing the Women’s Health Protection Act to restore the right to abortion and end the national nightmare Republicans created by overturning Roe. Democrats will never stop fighting to restore abortion access nationwide—nothing less.” 
    President Trump appointed the Supreme Court Justices who ruled in the Dobbs v. Jackson Women’s Health Organization case to overturn Roe v. Wade and nearly 50 years of precedent. Since the Dobbs decision, 19 states have banned abortion or severely restricted women from being able to access the procedure, leaving one in three American women without access to safe, legal abortion care. Additionally, state legislatures across the country have introduced hundreds of bills to include medically unnecessary restrictions that limit access to abortion care.  
    In his second term, President Trump has continued to relentlessly attack reproductive rights, including freezing Title X funding for clinics that offer reproductive care, cutting Biden-era emergency abortion protections, pardoning anti-abortion extremists, and fighting to defund Planned Parenthood. Additionally, the House-passed Republican budget bill kicks 16 million people off their health insurance and defunds Planned Parenthood – threatening the closure of 200 health centers across the country and putting access to vital reproductive care for millions of families at risk. 
    The Women’s Health Protection Act creates federal rights for patients and providers to protect abortion access. Specifically, the Women’s Health Protection Act would: 
    Prohibit states from imposing restrictions that jeopardize access to abortion earlier in pregnancy, including many of the state-level restrictions in place prior to Dobbs, such as arbitrary waiting periods, medically unnecessary mandatory ultrasounds, or requirements to provide medically inaccurate information. 
    Ensure that later in pregnancy, states cannot limit access to abortion if it would jeopardize the life or health of the mother. 
    Protect the ability to travel out of state for an abortion, which has become increasingly common in recent years. 
    The legislation is sponsored by the entire Democratic caucus, including Leader Chuck Schumer (D-N.Y.) and Senators Angela Alsobrooks (D-Md.), Michael Bennet (D-Colo.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), Martin Heinrich (D-N.M.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Jon Ossoff (D-Ga.), Alex Padilla (D-Calif.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.). 
    Learn more about the Women’s Health Protection Act. 
    Read and download the full text of the bill. 

    MIL OSI USA News –

    June 25, 2025
  • MIL-OSI USA: On Third Anniversary of Roe Being Overturned, Padilla Joins Senate Democrats in Introducing Bill to Restore Abortion Access Nationwide

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    On Third Anniversary of Roe Being Overturned, Padilla Joins Senate Democrats in Introducing Bill to Restore Abortion Access Nationwide

    Women’s Health Protection Act comes as Trump and Congressional Republicans escalate attacks on reproductive freedom and advance a national abortion ban
    WASHINGTON, D.C. — On the third anniversary of the U.S. Supreme Court overturning Roe v. Wade, U.S. Senator Alex Padilla (D-Calif.) joined the entire Senate Democratic caucus in introducing the Women’s Health Protection Act of 2025, legislation to guarantee access to abortion nationwide and restore the right to comprehensive reproductive health care for millions of Americans. The bill’s introduction comes as the Trump Administration and Congressional Republicans continue their attacks on a woman’s right to choose, including legislation that would defund Planned Parenthood.
    Together, Trump and Congressional Republicans’ assault on Americans’ reproductive rights is effectively a backdoor national abortion ban, ripping away millions of women’s access to abortion care and their right to control their own bodies. The Women’s Health Protection Act is led by U.S. Senators Tammy Baldwin (D-Wis.), Richard Blumenthal (D-Conn.), and Patty Murray (D-Wash.).
    “Reproductive health care and access to safe abortion services are fundamental rights,” said Senator Padilla. “In the three years since the Supreme Court stripped away the right to an abortion for millions of women, Republicans have repeatedly attacked women’s bodily autonomy and safety as President Trump continues his cruel assault on reproductive liberty. The Women’s Health Protection Act will safeguard reproductive freedoms and ensure that a woman’s health care decisions stay between her and her doctor. We must restore the rights of millions of Americans to access reproductive health care, regardless of where they live.”
    “First, Donald Trump and Republicans overturned Roe v Wade. Now, they are continuing their crusade for a national abortion ban, stripping away a woman’s right to choose and control her body, healthcare, and future. Republicans continue to show that they will stop at nothing in their pursuit to stop a woman from having the right to choose,” said Senator Baldwin. “In Wisconsin, we’ve seen how these attacks on women’s reproductive rights and freedoms have hurt our neighbors, friends, and families – and we won’t stand for it. The Women’s Health Protection Act is a necessary step to restore Americans’ constitutional right to choose what’s best for their families, stop Congressional and state-level Republicans from further putting themselves between a doctor and a woman, and once and for all, give women their rights and freedoms back.”
    “This issue is about more than health care; it is about women’s rights, individual rights, and human rights. The foundation of the Women’s Health Protection Act is simply the right to make your own health care decisions. Three years after Dobbs, American women don’t have that right. Today, thanks to Republican lawmakers and conservative courts, a woman in America might walk into an ER and faint, bleeding, and be refused treatment. That woman might die,” said Senator Blumenthal. “By restoring abortion access and implementing basic protections against medically unnecessary restrictions on health care, the Women’s Health Protection Act overturns the death sentence handed down by Dobbs.”
    “Three years ago, Donald Trump and Republicans succeeded in overturning Roe, ripping away a Constitutional right for the first time in American history, and causing a full-blown health care crisis in our nation. Since then, we have seen with painful clarity how Republican abortion bans are putting women’s lives in danger, forcing providers to close their doors, decimating access to maternal health care, and forcing women to remain pregnant—no matter their circumstances,” said Senator Murray. “I’m proud to join my colleagues in reintroducing the Women’s Health Protection Act to restore the right to abortion and end the national nightmare Republicans created by overturning Roe. Democrats will never stop fighting to restore abortion access nationwide—nothing less.”
    President Trump appointed Supreme Court Justices who ruled in the Dobbs v. Jackson Women’s Health Organization case to overturn Roe v. Wade and nearly 50 years of precedent. Since the Dobbs decision, 19 states have banned abortion or severely restricted women from being able to access the procedure, leaving one in three American women without access to safe, legal abortion care. Additionally, state legislatures across the country have introduced hundreds of bills to include medically unnecessary restrictions that limit access to abortion care.
    In his second term, President Trump has continued to relentlessly attack reproductive rights, including freezing Title X funding for clinics that offer reproductive care, cutting Biden-era emergency abortion protections, pardoning anti-abortion extremists, and fighting to defund Planned Parenthood. Additionally, the House-passed Republican budget bill kicks 16 million people off their health insurance and defunds Planned Parenthood — threatening the closure of 200 health centers across the country and putting access to vital reproductive care for millions of families at risk.
    The Women’s Health Protection Act creates federal rights for patients and providers to protect abortion access. Specifically, the bill would:
    Prohibit states from imposing restrictions that jeopardize access to abortion earlier in pregnancy, including many of the state-level restrictions in place prior to Dobbs, such as arbitrary waiting periods, medically unnecessary mandatory ultrasounds, or requirements to provide medically inaccurate information;
    Ensure that later in pregnancy, states cannot limit access to abortion if it would jeopardize the life or health of the mother; and
    Protect the ability to travel out of state for an abortion, which has become increasingly common in recent years.
    In addition to Senators Padilla, Baldwin, Blumenthal, and Murray, the legislation is sponsored by the rest of the Democratic caucus, including Democratic Leader Chuck Schumer (D-N.Y.) and Senators Angela Alsobrooks (D-Md.), Michael Bennet (D-Colo.), Lisa Blunt Rochester (D-Del.), Cory Booker (D-N.J.), Maria Cantwell (D-Wash.), Chris Coons (D-Del.), Catherine Cortez Masto (D-Nev.), Tammy Duckworth (D-Ill.), Dick Durbin (D-Ill.), John Fetterman (D-Pa.), Ruben Gallego (D-Ariz.), Kirsten Gillibrand (D-N.Y.), Maggie Hassan (D-N.H.), Martin Heinrich (D-N.M.), John Hickenlooper (D-Colo.), Mazie Hirono (D-Hawaii), Tim Kaine (D-Va.), Mark Kelly (D-Ariz.), Andy Kim (D-N.J.), Angus King (I-Maine), Amy Klobuchar (D-Minn.), Ben Ray Luján (D-N.M.), Ed Markey (D-Mass.), Jeff Merkley (D-Ore.), Chris Murphy (D-Conn.), Jon Ossoff (D-Ga.), Gary Peters (D-Mich.), Jack Reed (D-R.I.), Jacky Rosen (D-Nev.), Bernie Sanders (I-Vt.), Brian Schatz (D-Hawaii), Adam Schiff (D-Calif.), Jeanne Shaheen (D-N.H.), Elissa Slotkin (D-Mich.), Tina Smith (D-Minn.), Chris Van Hollen (D-Md.), Mark Warner (D-Va.), Raphael Warnock (D-Ga.), Elizabeth Warren (D-Mass.), Peter Welch (D-Vt.), Sheldon Whitehouse (D-R.I.), and Ron Wyden (D-Ore.).
    Senator Padilla is a staunch defender of reproductive rights. Three years ago, Padilla sharply rebuked the Supreme Court’s ruling in Dobbs v. Jackson Women’s Health Organization. He also criticized the ongoing attacks on reproductive health care access in 2023 during a Senate Judiciary Committee hearing titled “The Assault on Reproductive Rights in a Post-Dobbs America.” On the two-year anniversary of the Dobbs ruling, Padilla joined the Women’s March Foundation and advocates from Planned Parenthood California and Los Angeles to deliver remarks at a reproductive rights rally at Los Angeles City Hall as part of the National Walk-Out for Women.
    As a cosponsor of the Women’s Health Protection Act, Padilla is fighting to protect abortion access throughout the United States. In 2023, he and Senator Murray introduced legislation to protect doctors who provide abortions from attempts to restrict their practice and create uncertainty about their legal liability. While Republican-led state legislatures work to deny reproductive rights, he’s also fighting to protect patients’ rights to travel freely between states to access abortion care.
    A one-pager on the bill is available here.
    Full text of the bill is available here.

    MIL OSI USA News –

    June 25, 2025
  • MIL-OSI USA: Jayapal, Booker, and Barragán Reintroduce Legislation to Eliminate Barriers to Health Care for Immigrants

    Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)

    WASHINGTON, DC — U.S. Representative Pramila Jayapal (WA-07), Ranking Member of the Immigration Integrity, Security, and Enforcement Subcommittee, along with Senator Cory Booker (D-NJ) and Representative Nanette Barragán (CA-44), today introduced the Health Equity and Access under Law (HEAL) for Immigrant Families Act. This bicameral bill, co-sponsored by 55 members of Congress and endorsed by more than 100 organizations, removes unnecessary and cruel barriers to health care for millions of immigrants of all statuses.

    Immigrants in the United States are far more likely to be uninsured than U.S. citizens. In 2023, half of all undocumented immigrant adults and one in five lawfully present immigrant adults were uninsured. Just 6 percent of naturalized citizen adults and 8 percent of U.S.-born citizens are uninsured.

    “Health care is a human right that must be accessible to everyone — regardless of immigration status,” said Representative Jayapal. “As a proud immigrant myself, I know that the HEAL Act is a necessary first step to allow more people across America to access the health care they need to live, making all of our communities healthier. As Republicans in Congress work to strip health coverage away from millions of Americans and further decimate our already broken immigration system, we’re working to ensure everyone in this country is able to see a doctor when they need it.”

    “Everyone deserves access to comprehensive, affordable, quality care, and the HEAL Act lifts unnecessary barriers to medical care for immigrants,” said Senator Booker. “A more equitable health care system will help create healthier communities and ensure that all families, regardless of immigration status, have access to the care they need.” 

    “Access to healthcare shouldn’t depend on your immigration status,” said Representative Barragán. “Healthcare is a basic human right, and it’s time we break down the needless barriers that keep immigrant families from the care they need to survive and thrive. The HEAL Act is a step toward addressing racial health disparities and expanding quality healthcare to everyone in our communities.”

    “Withholding health care from immigrants is cruel and doesn’t make our communities safer or healthier,” said Senator Warren. “While the Trump administration continues playing political games with immigrant families, Democrats are fighting to make sure a person’s immigration status doesn’t prevent them from getting life-saving care.”

    “As the Trump Administration guts access to health care and basic services for immigrant communities, breaking down barriers to health care for immigrants isn’t just the right thing to do — it’s critical for protecting our public health and economy,” said Senator Padilla. “California is the fourth-largest economy in the world not despite immigrants, but because of their contributions to our workforce. Everyone deserves access to affordable, quality health care no matter their immigration status, and I will keep fighting to continue expanding coverage for these hardworking members of our communities.”

    The HEAL for Immigrant Families Act will:

    • Restore Medicaid and Children’s Health Insurance Program (CHIP) eligibility to lawfully present immigrants;
    • Remove discriminatory Medicare restrictions based on length of U.S. residency for green card holders;
    • End the exclusion of undocumented immigrants from Affordable Care Act (ACA) marketplaces
    • Ensure access to public and affordable coverage for Deferred Action Childhood Arrivals (DACA) recipients;
    • Create a state option to expand Medicaid and CHIP to immigrants regardless of immigration status.

    “Rep. Jayapal and Sen. Booker continue to be courageous and powerful champions for immigrant communities by reintroducing the HEAL for Immigrant Families Act,” said Lupe M. Rodríguez, executive director, National Latina Institute for Reproductive Justice. “While immigrant families are currently being attacked and torn apart, this bill promotes a vision for what we want for our collective future. A future that supports immigrant communities by removing long standing systemic barriers to health coverage to help our communities access affordable health care. We are especially grateful that Sen. Booker and Rep. Jayapal are introducing this critical legislation today as we mark three years since the Dobbs v. Jackson Women’s Health Organization decision that overturned the constitutional right to abortion. That decision has disproportionately harmed immigrant communities, for whom abortion bans, misinformation, and the threat of being detained and separated from our families has increased the barriers that keep us from getting the health care we need,” said Lupe M. Rodríguez, Executive Director, National Latina Institute for Reproductive Justice. “We urge Congress to protect immigrant communities and pass this bill.”

    “The reproductive justice movement teaches us that true justice means being able to have children, not have children, and raise our families in safe, supportive communities,” said Sung Yeon Choimorrow, executive director, National Asian Pacific American Women’s Forum (NAPAWF). “None of that is possible without health care. In a country that has always been shaped by immigrants, we cannot keep allowing people and families, including the Asian American immigrants who make up more than a quarter of immigrants in the U.S., to be shut out from basic health care because of harmful, outdated policies. These are our mothers, our sisters, and our neighbors. The HEAL Act tears down the barriers facing our communities and reaffirms that everyone deserves the right to care, regardless of background, income, or immigration status.”

    “Everyone deserves access to health care, no matter who they are or where they come from,” said Alexis McGill Johnson, president and CEO, Planned Parenthood Action Fund. “It is unacceptable and cruel that many are denied affordable, high-quality, and comprehensive health care because of their immigration status. Amid the ongoing attacks on our immigrant communities and our health care, I thank Reps. Jayapal and Barragán and Senator Booker for reintroducing this critical bill that would break down unjust barriers to care for our immigrant families.”

    “As a physician, I’ve witnessed the barriers immigrant families face when trying to access health care. Insurance coverage is a cornerstone of meaningful access; without it, care remains out of reach for too many,” said Dr. Jamila Perritt, MD, MPH, FACOG, President and CEO, Physicians for Reproductive Health. “At a time when attacks on immigrant communities are escalating, we must act now to ensure that everyone—regardless of status—has the right to timely, compassionate, and comprehensive health care. That’s why I join physicians across the country in calling for a swift passage of the HEAL Act. Expanding health coverage to immigrant communities ensures they receive the care they deserve, regardless of their immigration status. Health is a human right and no one should be excluded from receiving healthcare. Congress must pass HEAL – our patients are counting on it.”

    “With immigrant families under constant attack, it’s more important than ever to work toward a better, more inclusive future when everyone can get the care we all need,” said Adriana Cadena, campaign director, Protecting Immigrant Families Coalition. “We are proud to champion the HEAL Act – a critical step toward that better future.” 

    “Now more than ever, it is critical to affirm that everyone—including immigrants—should have access to health care coverage,” said Wendy Cervantes, Director, Immigration and Immigrant Families, CLASP. “Immigrants already face many restrictions to such care and an onslaught of attacks on them and their families’ health and well-being, ranging from the fear created by the Administration’s mass deportation efforts to the deeply harmful budget reconciliation bill currently under consideration. The HEAL for Immigrant Families Act is a critical step in moving us back in the right direction by giving children and families access to the health care they need to thrive. CLASP is grateful to Representative Jayapal and Senator Booker for their leadership in promoting a vision that supports health care for all.”

    The legislation is also co-sponsored by U.S. Representatives Becca Balint (VT-AL), Donald S. Beyer, Jr. (VA-08), Suzanne Bonamici (OR-01), Salud Carbajal (CA-24), André Carson (IN-07), Troy Carter (LA-02), Greg Casar (TX-35), Kathy Castor (FL-14), Joaquin Castro (TX-20), Sheila Cherfilus-McCormick (FL-20), Judy Chu (CA-28), Jasmine Crockett (TX-30), Suzan DelBene (WA-01), Maxine Dexter (OR-03), Lloyd Doggett (TX-37), Adriano Espaillat (NY-13), Maxwell Frost (FL-10), Jesús “Chuy” García (IL-04), Robert Garcia (CA-42), Sylvia Garcia (TX-29), Jimmy Gomez (CA-34), Jared Huffman (CA-02), Jonathan L. Jackson (IL-01), Sara Jacobs (CA-51), Henry C. “Hank” Johnson, Jr. (GA-04), Ro Khanna (CA-17), Raja Krishnamoorthi (IL-08), Teresa Leger Fernández (NM-03), Ted Lieu (CA-36), Jennifer McClellan (VA-04), James P. McGovern (MA-02), Gwen Moore (WI-04), Jerry Nadler (NY-12), Eleanor Holmes Norton (DC), Ilhan Omar (MN-05), Jimmy Panetta (CA-19), Mark Pocan (WI-02), Ayanna Pressley (MA-07), Delia Ramirez (IL-03), Andrea Salinas (OR-06), Jan Schakowsky (IL-09), Terri Sewell (AL-07), Lateefah Simon (CA-12), Melanie Stansbury (NM-01), Marilyn Strickland (WA-10), Shri Thanedar (MI-13), Rashida Tlaib (MI-12), Juan Vargas (CA-52), Nydia M. Velázquez (NY-07), Debbie Wasserman Schultz (FL-25), Bonnie Watson Coleman (NJ-12), Nikema Williams (GA-05), and Frederica S. Wilson (FL-24), and U.S. Senators Martin Heinrich (D-NM), Elizabeth Warren (D-MA), Alex Padilla (D-CA), Patty Murray (D-WA), Mazie Hirono (D-HI), Bernie Sanders (I-VT), Edward Markey (D-MA), and Richard Blumenthal (D-CT).

    The legislation is endorsed by AAPI Equity Alliance; AAPI NJ; Advocates for Youth; AFL-CIO; Alianza Nacional de Campesinas; All* Above All; Alliance of Filipinos for Immigrant Rights and Empowerment; American Civil Liberties Union (ACLU); American College of Obstetricians and Gynecologists; American Muslim Health Professionals (AMHP); Amica Center for Immigrant Rights; Arkansas Black Gay Men’s Forum; Asian & Pacific Islander American Health Forum (APIAHF); Asian American Federation of Florida; Asian Americans United (AAU); Asian Caribbean Exchange; Asian Pacific Institute on Gender-Based Violence; Asian Pacific Islanders Civic Action Network, Massachusetts; Asian Texans for Justice Action Fund; ASISTA; Association of Asian Pacific Community Health Organizations; Autistic Women & Nonbinary Network; Ayuda; CA LGBTQ Health and Human Services Network; California Partnership to End Domestic Violence; CASA; Catholics for Choice; Center for Gender & Refugee Studies; Center for Human Rights and Constitutional Law; Center for Law and Social Policy (CLASP); Center for Reproductive Rights; Center for Victims of Torture; Children’s HealthWatch; Cleveland Jobs with Justice; Coalition for Humane Immigrant Rights (CHIRLA); Coalition on Human Needs; Coalition to Abolish Slavery and Trafficking; Community Catalyst; Doctors for America ; End SIJS Backlog Coalition; Equality California; Esperanza United; First Focus Campaign for Children; Florida Asian Services ; Freedom Network USA; Georgia Conservation Voters; Global Refugee Awareness Healing Center; Global Urban Cultural Community; Guttmacher Institute; Haven Services Inc. dba Haven Neighborhood Servic; Health Action New Mexico; Healthy Teen Network; Her Justice ; Hispanic Federation; Ibis Reproductive Health; ICAH (Illinois Caucus for Adolescent Health); Immigrant Legal Resource Center; Immigrant Welcome Network Johnson County; Immigration Institute of the Bay Area; In Our Own Voice: National Black Women’s Reproductive Justice Agenda ; Inclusive Counseling; Indivisible; Institute for Women’s Policy Research; Ipas US; Jacobs Institute of Women’s Health; Justice for Migrant Women; Justice in Aging; KAN-WIN; Kids in Need of Defense (KIND); Labor Council for Latin American Advancement (LCLAA); Laotian American National Alliance (LANA); Latino; Legal Voice; Maine Equal Justice; MANA, A National Latina Organization; Midwest Access Coalition; Moonbow; National Abortion Federation; National Asian American Pacific Islander Mental Health Association (NAAPIMHA); National Asian Pacific American Women’s Forum (NAPAWF); National Association of Nurse Practitioners in Women’s Health; National Council of Jewish Women; National Employment Law Project; National Family Planning & Reproductive Health Association; National Health Care for the Homeless Council; National Health Law Program; National Immigration Law Center; National Korean American Service and Education Consortium; National Latina Institute for Reproductive Justice; National Network of Abortion Funds; National Network To End Domestic Violence ; National Organization for Women ; National Partnership for New Americans; National Partnership for Women & Families; National Queer Asian Pacific Islander Alliance; National Women’s Law Center Action Fund; NIRH Action Fund; NIWAP, Inc.; Northwest Health Law Advocates (NoHLA); Oasis Legal Services; OCA South Florida Chapter; Our Justice; Oxfam America; People Power United; Physicians for Reproductive Health; Planned Parenthood Federation of America; Plascencia Consulting; Population Connection Action Fund; Positive Women’s Network-USA; Power to Decide; PowHerNY; Prevention Institute; Protecting Immigrant Families; QASPIRA Association; Religious Community for Reproductive Choice; Reproductive Freedom For All; Reproductive Health Access Project; Reproductive Justice Action Collective (ReJAC); Sadhana: Coalition of Progressive Hindus; Sarin Gal; Shriver Center on Poverty Law; SIECUS: Sex Ed for Social Change; Sikh American Legal Defense and Education Fund (SALDEF); SiX Action; South Asian Public Health Association (SAPHA); South Asian SOAR; State Voices Florida; Survivor Justice Center; The Children’s Partnership; The National Association of Nurse Practitioners in Women’s Health (NPWH); The TransLatin@ Coalition; UCSF Bixby Center for Global Reproductive Health; UnidosUS; Union for Reform Judaism; United Parent Leaders Action Network; URGE: Unite for Reproductive & Gender Equity; Voices for Utah Children; Women of Reform Judaism; Women’s Law Project; Women’s Refugee Commission.

    Issues: Health Care, Immigration

    MIL OSI USA News –

    June 25, 2025
  • MIL-Evening Report: Global rankings fuel hype, but students have more to consider when choosing a uni

    Source: The Conversation (Au and NZ) – By Kylie Message, Professor of Public Humanities and Director of the ANU Humanities Research Centre, Australian National University

    At this time of year, many year 12 students are seriously turning their minds to the future. Should they go to university next year? If so, which one?

    June is also the start of the global ranking season. Last week saw the release of the QS Quacquarelli Symonds 2026 world university rankings, amid reports of a “wake-up call” for Australian universities. About 70% of Australian universities fell in the rankings albeit only by small margins.

    Should students be worried about this? What should they – and the rest of us – understand about global rankings?

    What are rankings?

    Global university rankings aim to evaluate all universities in the world through a a single comparative framework.

    Apart from QS, other high-profile global rankings include those by Shanghai Ranking and the Times Higher Education.

    Each ranking system has a slightly different focus and methodology.

    QS looks at student-to-staff ratios, student employability, the reputation of the university as an employer, sustainability, global engagement and academic citations. It also ranks specific subjects across universities, which can be helpful if you want to know about the quality of teaching in a particular discipline or field.

    It is comprehensive. QS included 36 of Australia’s 43 universities in their latest assessment. These universities were also compared to more than 1,400 other institutions across 105 other countries.

    What impact do rankings have?

    These rankings are promoted as objective indicators and markers of prestige. They can be very influential in terms of attracting potential donors and students.

    One analysis suggests academic rankings are more influential than are research results for attracting philanthropic investment in Australian universities.

    The rankings can also directly affect the resources available for students.

    We know rankings can influence where international students (and the resources that accompany them) go. Australian universities have long relied on fees from international students to support funding shortfalls.

    Rankings are not everything

    But global rankings have many critics. They may include a lot of information but this is not necessarily what students in diverse situations and locations need.

    The rankings also do not reflect how much time and how many resources some universities put into the information that goes back to the ranking process.

    In November 2023, an independent expert group, convened by the United Nations issued a statement criticising the rankings system.

    It said “the very idea of global university rankings is fundamentally flawed”.

    It is simply not possible to produce a fair and credible global league table of universities given their multiple missions and their diverse social, economic and political contexts around the world.

    It also noted the rankings advantaged “historically privileged institutions”.

    The statement also said there was a bias towards the English language, certain types of research, and science, technology, engineering and mathematics (STEM) subjects. “This undermines the importance of teaching and of the humanities and social sciences,” it said.

    A bias against regional unis?

    The rankings also do not favour regional universities, which is particularly relevant for Australian students.

    The QS 2026 survey shows four regional Australian universities slipped in rank and all are positioned outside the global top 400.

    This shows how global rankings are a blunt instrument and don’t account for the broader place of universities in regional areas. Here they play a vital role in their communities, driving economic growth and providing essential services.

    What should prospective students consider?

    Although universities within countries are ranked as better or worse than each other in a global league table, it is important to recognise specific national factors are not considered in the rankings. And individual student experience is rarely taken into account.

    Student experience includes the quality of teaching and the types of support individuals have access to, as well as the facilities and the culture on and around campus. We also know student experience continues to be affected by loneliness in the post-Covid era.

    So prospective students should be careful when it comes to making a decision about where to go to university. Rankings are a useful tool but so is talking to friends and family and going to open days.

    More than anything else, Year 12 students should know this is not the most important decision of their lives. They can take a gap year or change degrees. In fact many students do one or both of these things.

    Kylie Message 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. Global rankings fuel hype, but students have more to consider when choosing a uni – https://theconversation.com/global-rankings-fuel-hype-but-students-have-more-to-consider-when-choosing-a-uni-259443

    MIL OSI Analysis – EveningReport.nz –

    June 25, 2025
  • MIL-OSI USA: Hagerty, Tim Scott, Lummis, Tillis Release Principles for Market Structure Legislation

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty

    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, joined Senators Tim Scott (R-SC), Chairman of the Senate Banking Committee, Cynthia Lummis (R-WY), and Thom Tillis (R-NC) in releasing a set of principles for the development of comprehensive market structure legislation. These principles will guide discussions and negotiations as the senators engage with industry participants, legal and academic experts, and government stakeholders on the bill text.

    “For too long, a lack of clear regulatory authority has forced digital asset innovation beyond our borders and subjected issuers, exchanges, and developers to crippling uncertainty,” said Senator Hagerty. “By working towards a reasonable, light-touch market structure framework, we can help bolster our nation’s economy and protect American consumers.”

    “Since taking over as Chairman, I’ve led a new approach to digital assets regulation, and we’ve delivered results for the industry and the American people,” said Chairman Scott. “We have more work to do, and I look forward to building on the success of the GENIUS Act and advancing market structure legislation here in the Senate. These principles will serve as an important baseline for negotiations on this bill, and I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.”

    “America desperately needs digital asset legislation that promotes responsible innovation and protects consumers,” said Senator Lummis. “While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures. That changes today. I am partnering with Chairman Scott to provide principles for market structure legislation to finally draw the line between a security and a commodity and ensure the U.S. remains at the helm of global financial advancement.”

    “As Congress considers a regulatory framework for digital assets, our top priority must be providing legal clarity and certainty without stifling innovation,” said Senator Tillis. “These principles strike the right balance by protecting consumers, promoting innovation, and clearly defining the roles of regulators in a rapidly evolving market.”

    The market structure principles state:

    Legislation Should Clearly Define the Legal Status of Digital Assets

    • A clear, economically rational line distinguishing digital asset securities from digital asset commodities should be fixed in statute, contemplating existing law and providing predictability, enhanced legal precision, and much-needed regulatory certainty.

    Jurisdiction Should Be Clearly Allocated Among Regulators

    • Regulatory authority should be clearly allocated in statute, preventing an all-encompassing regulator from emerging.
    • Legislation should acknowledge that not all distributed ledger technology should be regulated equally.
      • Legislation should recognize the different risks and benefits between centralized firms, decentralized finance protocols, and non-custodial software platforms.
      • For similar reasons, self-custody of digital assets should be explicitly preserved.
      • Likewise, the use of distributed ledger technology and smart contracts for other, non-financial purposes, such as to manage health data, should not be regulated like financial products.

    Regulation Should be Modernized to Foster Innovation

    • Regulations should be modernized to account for the unique nature of digital assets and distributed ledger technology.
      • A new SEC exemption for certain digital asset fundraising should be included in legislation.
      • The SEC should revisit its burdensome registration requirements for digital asset issuers, and instead provide a clear, appropriately tailored pathway to compliance for good faith, innovative actors.
      • Clear, pro-innovation principles regarding the trading of digital assets on the secondary market should be established.
    • Legislation should not apply principles designed for centralized firms to decentralized protocols.
      • Tokenization should be recognized as an evolution of financial infrastructure that enhances efficiency, transparency, and liquidity, rather than a fundamental change to the nature of the underlying asset.

    Regulation Should Protect Those Who Purchase or Trade Digital Assets

    • Centralized digital asset intermediaries should be subject to innovation-friendly registration and risk management requirements similar to that of other centralized intermediaries today.
      • Requirements could include illicit finance compliance, clear and right-sized capital, custody and segregation requirements, and appropriate enforcement authority.
    • Legislation should also ensure that customer funds are protected during bankruptcy.

    Illicit Finance Measures Should Be Targeted and Pro-Innovation

    • A small, common-sense package of measures directed at preventing money laundering and sanctions evasion with digital assets should be included.
    • Potential provisions can and should be targeted and pro-innovation. This could include requiring the adoption of examination standards and clarifying that the Bank Secrecy Act and International Emergency Economic Powers Act (IEEPA) extends to entities abroad with U.S. touchpoints.
    • Reforms should also consider the ways digital assets and distributed ledger technology can improve transparency, efficiency, and the detection of illicit activity, including money laundering.

    Federal Financial Regulators Should Welcome Responsible Innovation

    • Federal financial regulators should take common-sense steps to respond to responsible innovation, including potentially through increased use of no-action guidance, sandboxes, safe harbors, coordination, and appropriate application requirements.
    • Federal financial regulators should provide clear guidance affirming that many crypto-related activities are permissible for banks and other financial institutions, provided they do not threaten the safety and soundness of the institution.
    • Clear guidance will also improve and better enforcement by establishing well-defined rules and expectations, fostering accountability, and enabling consistent application of regulations, leading to better understanding and compliance.

    MIL OSI USA News –

    June 25, 2025
  • MIL-OSI New Zealand: Christchurch burglaries overnight

    Source: New Zealand Police

    Two burglaries occurred in central Christchurch in the early hours of Wednesday morning.

    At about 2.10am an alarm activated at a Withells Road, Avonhead address, then shortly after at the Kwik Kiwi Diner, on Parkhouse Road, Wigram.

    During the attempt to break into Withells Road), the would-be burglars activated the fog cannon.

    In their rush to escape the scene they have left behind a number of items, which will be forensically examined.

    Then at about 2.25am, Police received a call that a car had been driven into the front door of the Kwik Kiwi Diner.

    Several offenders were seen on CCTV carrying a cigarette cabinet out of the store.

    Enquiries are ongoing.

    Police ask any witnesses or those with CCTV in the area to call 105 and reference the relevant event number (shown below).

    Please call Police on 111, if you are offered cheap cigarettes or have any information relating to this offence. You can call anonymously using Crimestoppers on 0800 555111.

    Withells Road event number – P062970988
    Kwik Kiwi Diner event number – P062971031

    ENDS

    Issued by the Police Media Team

    MIL OSI New Zealand News –

    June 25, 2025
  • MIL-OSI New Zealand: Waikato Police thank motorists who helped locate a dangerous fleeing driver

    Source: New Zealand Police

    Police used 111 calls to track a fleeing driver, who was arrested after allegedly crashing into two innocent motorists at Ōhaupō yesterday.

    Inspector Hywel Jones, Waikato Acting District Commander praised the multiple people who called 111 to report a vehicle’s dangerous driving.

    “Those members of the public not only helped us locate and track a stolen vehicle that was being driven dangerously, they’ve potentially saved lives. Thankfully there were no serious injuries following yesterday’s incident, but it’s a miracle there weren’t other crashes based on the information we were getting.”

    The incident began about 11.15am in Huntly, when officers were responding to several reports of dangerous driving. After initially spotting the suspect vehicle travelling towards Hamilton on the Waikato Expressway, Police lost sight of the car.

    Reports from the public at 12pm led Police to Pine Avenue in Hamilton, then State Highway 3 at Ōhaupō five minutes later.

    “Officers have monitored the car for several minutes and then signalled the driver to stop. He’s continued driving, so other units laid road spikes further down State Highway 3.

    “In an attempt to avoid the spikes, the fleeing driver nearly collided with a member of the public’s vehicle.”

    Inspector Jones said a pursuit was authorised about 12.10pm, but less than a minute later, at the West Road intersection, the fleeing driver crashed into two other vehicles being driven by members of the public.

    “Thankfully, neither of those innocent drivers was injured, and somehow the alleged driver of the fleeing vehicle was also unharmed. He fled the scene on foot, but was tracked by a Police dog and arrested at 12.15pm.

    “I want to thank those people who called 111 when they saw this horrendous driving – those calls were critical for us and helped us locate the alleged driver and ultimately arrest him.

    “It’s only down to luck that we aren’t dealing with a death as a result of this driving, and a large part of that has been down to fast-thinking people picking up the phone.”

    The 19-year-old driver has been charged with failing to stop for police, unlawfully getting into a motor vehicle, dangerous driving, and failing to stop or ascertain injury. He is scheduled to appear in Hamilton District Court on 27 June.

    State Highway 3 at the intersection with West Road was closed for several hours while the Serious Crash Unit conducted a scene examination. The road has since reopened.

    ENDS

    Issued by Police Media Centre. 

    MIL OSI New Zealand News –

    June 25, 2025
  • MIL-OSI USA: Cortez Masto, McCormick Push for Stronger Oversight to Prevent Currency Manipulation by Communist China

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – Today, U.S. Senator Catherine Cortez Masto (D-Nev.) and Dave McCormick (R-Penn.) introduced the China Exchange Rate Transparency (CERT) Act, which would direct the U.S. Executive Director at the IMF to advocate for enhanced transparency in China’s exchange rate arrangements at the International Monetary Fund (IMF). The bill also calls for stricter oversight of China’s compliance with its commitments under the IMF’s Articles of Agreement which prohibit countries from manipulating currencies.
    “As we work and trade with countries all around the world, it’s critical that every nation follows the same rules that make our global system fair,” said Senator Cortez Masto. “I will continue to push for Communist China to be held accountable for unfair trade practices, like currency manipulation, which take advantage of the rest of the world.”
    “China’s currency manipulation and secrecy are further examples of the CCP putting American businesses at a disadvantage in the global economy,” said Senator McCormick. “We need more transparency and stricter oversight of China’s economic commitments. That’s why I’m proud to partner with Senator Cortez Masto and fellow Pennsylvanian Rep. Dan Meuser on this legislation to stand up to China’s economic malpractice.”
    Under Article IV of the Articles of Agreement of the International Monetary Fund, the People’s Republic of China (PRC) has committed to orderly exchange rate arrangements, the avoidance of exchange rate manipulation, and cooperation with the Fund to ensure ‘‘firm surveillance’’ of PRC exchange rate policies. However, according to the Department of the Treasury’s most recent report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, “China stands out among our major trading partners in its lack of transparency around its exchange rate policies and practices.” When any country artificially lowers the value of their currency, it allows them to sell to more countries than other nations who are trying follow the rules, gaining an unfair trade advantage.
    Read the full bill here. The House companion bill, H.R. 692, was introduced by Rep. Dan Meuser (R-Penn.-09) and passed the House of Representatives on February 10.
    Senator Cortez Masto has led efforts in Congress to stand up to the Chinese Communist Party’s influence and protect the American national and economic security. She introduced the PASS Act to ban individuals and entities controlled by China, Russia, Iran, and North Korea from purchasing agricultural land and businesses located near U.S. military installations or sensitive sites and the Strengthening Exports Against China Act, which would incentivize economic growth by eliminating barriers for American businesses competing directly with China in emerging industries like artificial intelligence and semiconductors. She’s also introduced the Pacific Partnership Act to strengthen the United States’ strategic partnerships with Pacific Island nations, support sustainable development, and combat the increasing Chinese aggression in the region. 

    MIL OSI USA News –

    June 25, 2025
  • MIL-OSI New Zealand: Crash, north bound lane of Woburn Road closed

    Source: New Zealand Police

    The northbound lane of Wobern Road, Lower Hutt is closed after a car has rolled.

    At about 7.30am emergency services were notified.

    Injuries are unknown.

    The carriage way is currently closed with diversions using Myrtle Street.

    Drivers are advised to avoid the area and be patient in the area due to the volume of traffic this morning.

    ENDS

    MIL OSI New Zealand News –

    June 25, 2025
  • MIL-OSI New Zealand: Annual Maritime and Oil Pollution Levies collection

    Source: Maritime New Zealand

    The annual Maritime and Oil Pollution Levies for the year 1 July 2025 to 30 June 2026 will be invoiced in late July 2025.

    Make sure your contact details are up to date

    Domestic commercial operators of applicable vessels can expect to receive their annual levy invoices via email or post in late July 2025. Please notify us if your contact and vessel details, including email and postal address, have changed so that you receive the right invoice. If you have recently bought or sold a commercial vessel, or you have stopped operating, please notify us. This will ensure that your annual levy invoice is correct.

    How to notify Maritime NZ and update your details

    Complete this Change of vessel status or ownership form and email it to [email protected]. If the change applies to more than one vessel, please complete a separate form for each one.

    Find out more about these levies, why we collect them, current rates and how they’re calculated.

    MIL OSI New Zealand News –

    June 25, 2025
  • MIL-OSI Russia: Chile Can Grow Faster – But it Won’t Be Like the 1990s Again

    Source: IMF – News in Russian

    Faster investment approvals, greater labor force participation, public-private R&D collaboration and steps to harness critical minerals and renewable energy can support higher growth

    Many of Chile’s current socioeconomic debates—such as those related to fiscal sustainability, pension adequacy and college loans—can be attributed to the country’s growth slowdown over the past two decades. Back in the 1990s, Chile grew 6.2 percent per year on average and was Latin America’s posterchild success story. Over time, this robust growth trend steadily waned, and by the 2020s, growth barely went above 2 percent. The IMF’s recent annual economic health check of the country (Article IV consultation) addresses how Chile can reverse this trend.

    Comparing Chile to its peers, there is scope to grow faster. Higher-income countries that were once at a comparable income level to Chile grew at a rate of around 2.9 percent per year. However, Chile faces challenges that most of those economies did not encounter at the same stage of development: such as an aging population and a global slowdown, both of which will make it more difficult for Chile to reach this pace.

    Historical patterns

    As countries get richer, sustaining rapid growth simply becomes harder because of diminishing gains from investment and less scope for technology catch-up. To evaluate Chile’s growth potential, we compared its trajectory with other countries when they reached similar income levels, such as Australia in the late 1980s and Korea in the 2000s. According to the Penn World Table and our calculations, Chile’s GDP per person tripled from US$8,200 in 1990 to around US$26,000 in 2025, in constant 2017 U.S. dollars after purchasing power parity (PPP) adjustment.

    Among 28 economies that crossed the US$26,000 real GDP per capita threshold between 1950 and 2010, median annual GDP growth over the subsequent decade was 2.9 percent. This benchmark is well below Chile’s 1990s boom, but still above its current trend.

    Demographic and external drags

    While the comparison is useful and offers some optimism, Chile faces an aging population and a less favorable global growth environment – impediments that many of these other higher-income economies did not face during their development stage.

    Though still relatively young, Chile’s population is aging. According to the UN’s median population projection, Chile’s working-age population (15-64) will grow by just 0.15 percent per year during 2025-35. With modest gains in labor participation, employment will likely grow by 0.2-0.3 percent annually – below the 0.8 percent seen in the comparison group. This demographic drag alone saps ¼ percentage point from Chile’s potential growth.

    Global technological trends could also weigh on Chile’s outlook. In the 1990s, information technology boosted productivity across countries. Our comparison group of countries benefitted from a U.S. GDP growth rate – taken as a proxy for global technological trends – of 3.1 percent per year on average. In contrast, economists now expect more modest U.S. growth of 2.1 percent for the next decade. We estimate that a one-percentage point reduction in 10-year U.S. annual growth translates to a further 0.8 percentage point restraint on Chile’s potential growth.

    Transformational reforms

    While these are rough estimates, and outcomes could vary widely, the exercise suggests a long-term growth trend of around 1.9 percent, if Chile were to perform in line with the median country and the demographic and external headwinds persisted.

    So, how can Chile increase its potential and defy these drags on growth? Short-run macroeconomic stimulus is not the answer, and Chile’s economy is already balanced. The solution lies in deepening supply-side structural measures, consistent with the policy messages in our latest annual review of Chile’s economy (the Article IV consultation).

    First, it is critical to make regulatory requirements more efficient. As an extreme example, it can take up to 10 years to sort out permits and navigate bureaucracy to get a large mining project off the ground. Streamlining this lengthy process would help reduce barriers to investment and support technology adoption. Similarly, modernizing regulations related to maritime transport could lower trade costs and improve Chile’s competitiveness. 

    To address demographic challenges, Chile could stimulate labor participation, for example by improving the access to quality childcare that would enable more women to enter the labor force.

    Chile’s R&D spending is also substantially below the OECD average. Greater public-private collaboration here is essential, given limited budgetary resources. The proposed technology transfer bill, enabling university researchers to create tech companies and commercialize their work, could help narrow this gap.

    Finally, as the world’s largest copper producer, second largest lithium producer, and as a nation richly endowed with solar and wind resources, Chile can benefit from the high global demand for these critical minerals and through use of low-cost renewable energy.

    While there is no silver bullet for growth, together these reforms improve the chances of a better outcome. Lifting Chile’s growth potential is critical for improving living standards and addressing social and fiscal pressures. Chile has an established track record of prudent macroeconomic management. Building on this solid foundation, the country can achieve stronger growth in a challenging global environment.

    *****

    Si Guo is a senior economist and Andrea Schaechter is an assistant director in the Western Hemisphere Department.

    https://www.imf.org/en/News/Articles/2025/06/24/cf-chile-can-grow-faster-but-it-wont-be-like-its-the-1990s-again

    MIL OSI

    MIL OSI Russia News –

    June 25, 2025
  • MIL-OSI United Nations: Unprecedented fires fueled by climate change threaten iconic World Heritage forests

    Source: United Nations

    In an update to the joint UNESCO-WRI-IUCN report “World Heritage forests: carbon sinks under pressure”, new data reveals that fires have accounted for approximately 75% of tree cover loss in World Heritage sites. Steadily increasing tree cover loss due to fires, fueled by climate change, has led to record high emissions, and threatens the robust carbon sinks of forests in World Heritage sites.

    Fires are the primary cause of forest loss in World Heritage sites

    Since 2001, approximately 4.5 million hectares of forest—more than the area of Switzerland—have been lost across World Heritage sites, with fires responsible for around 75% of that loss. The vast majority — approximately 80% — of all fire-related tree cover loss occurred in high-latitude forests, primarily across North America and Siberia. Forests in Australia account for an additional 15% of the loss, while all other regions contributed approximately 5%.

    Solid lines show annual tree cover loss in World Heritage sites by cause, while dotted lines indicate long-term trends.
    Source: WRI Land & Carbon Lab

    While the number of World Heritage sites affected by fires annually has slightly declined in recent years — averaging around half of all forested sites per year — the severity of these events is escalating. Since 2020, fire-related tree cover loss has averaged approximately 240,000 hectares per year — more than twice the annual average recorded in the early 2000s.

    In contrast, non-fire-related tree cover loss has remained relatively stable, averaging around 45,000 hectares per year. This loss is primarily attributed to anthropogenic land-use pressures, such as illegal logging, wood harvesting, and agricultural encroachment related to livestock grazing and crop production, mainly in sites included in the List of World Heritage in Danger. Increases in non-fire-related forest loss were observed in 2016-2017 and 2020, linked to the impacts of hurricanes and storms in the Caribbean and Asia, and intensified agricultural expansion resulting from limited ability to monitor illegal activities during the COVID-19 pandemic, respectively. However, forest loss from non-fire causes has since gradually returned to pre-pandemic levels.

    “The data is clear: climate change is no longer a distant threat—it is here, now, and it is threatening the irreplaceable natural heritage of our world.”

    Climate change is intensifying fires in World Heritage sites

    The steady increase in fire-related tree cover loss highlights the growing influence of climate change on fire regimes in World Heritage sites. While fire plays a natural role in many ecosystems —particularly in temperate and boreal forests in higher latitudes— rising temperatures, prolonged droughts, and changing weather patterns are creating conditions that fuel more intense fires. When forests burn, they release vast amounts of carbon stored in trees and soils into the atmosphere, primarily as carbon dioxide (CO₂). These emissions further exacerbate climate change and increase the likelihood of further fires in a self-reinforcing “fire-climate feedback loop.”

    Source: WRI Global Forest Watch

    Forest fires in World Heritage sites have resulted in an average of nearly 60 million tonnes CO2-equivalent (Mt CO2e) emissions per year, equivalent to Austria’s annual fossil fuel emissions[1]. Largely due to extreme fires, fire-related emissions in World Heritage forests have surged in recent years. In 2023, a record-breaking fire swept through over 300,000 hectares of forest in Canada’s Wood Buffalo National Park, releasing an estimated 190 Mt CO₂e—roughly equivalent to Argentina’s annual fossil fuel emissions. This more than doubled the previous record set in 2021 in Canada’s Pimachiowin Aki (86 Mt CO2e). Australia’s devastating 2019–2020 fires torched around 300,000 hectares in the Greater Blue Mountains Area, emitting over 45 Mt CO2e.

    Tree cover loss due to fires (brown) in Canada’s Wood Buffalo National Park after the 2023 fires (left), Pimachiowin Aki after the 2021-2022 fires (middle) and Australia’s Greater Blue Mountains Area after the 2019-2020 fires (right) 
    Source: WRI Global Forest Watch

    In the tropics—where fires have historically been rare—fire activity has surged, driven by intense outbreaks in sites such as Bolivia’s Noel Kempff Mercado National Park in the Amazon Basin, and Brazil’s Pantanal Conservation Area. Since 2020, fire has been responsible for approximately 35% of tree cover loss and associated emissions in World Heritage tropical forests—more than four times the annual average recorded in the early 2000s.

    Source: WRI Land & Carbon Lab

    “These intensifying fires are not just destroying tree cover and understory—they are unraveling ecological systems and pristine primary forests which underpin people’s livelihoods and provide several ecosystem services, such as climate regulation and human health maintenance.”

    Carbon sinks and biodiversity in World Heritage sites are under increasing risk

    Fires can have profound negative impacts on ecosystems, particularly by contributing to climate change and biodiversity loss. Covering more than 70 million hectares of forests—more than the area of Germany— World Heritage sites have traditionally played a crucial role in sequestering carbon. However, as fire intensity and frequency increases, this role is under threat. Fire-related emissions in World Heritage forests now account for about 40% of the carbon these forests absorb each year (80 vs. 200 Mt CO2/year), resulting in a net carbon sink of 120 Mt CO2e/year. High-latitude World Heritage forests have now collectively shifted from being carbon sinks to becoming net carbon sources, emitting around 5 Mt CO₂e/year. In contrast, lower latitude forests—mainly in the tropics—remain strong carbon sinks, absorbing roughly 130 Mt CO₂e/year. However, fires in tropical regions are especially damaging because their dense vegetation and high biomass cause them to release more carbon per unit of forest lost than fires in cooler regions. This makes tropical fires a growing threat to climate stability, accelerating the fire–climate feedback loop and pushing ecosystems closer to irreversible tipping points.

    Beyond carbon, fires are also placing fragile ecosystems at serious risk. In ecosystems not adapted to fire—such as tropical rainforests and wetlands—fires can permanently alter habitats, disrupt species interactions, and erase biodiversity that has taken millennia to evolve. Australia’s 2019–2020 fires, for example, are estimated to have affected the habitats of at least 293 threatened animal species and 680 threatened plant species. In the Greater Blue Mountains Area alone, over 140 million animals were impacted, including approximately 15 million mammals, 17.7 million birds, and 110.4 million reptiles. Similarly, in the Pantanal Biosphere Reserve—which includes the Pantanal Conservation Area World Heritage site—an estimated 17 million vertebrates may have perished during the 2020 fires. These fires also drastically worsened air quality, exposing surrounding communities to hazardous levels of smoke and particulate pollution, which can lead to serious respiratory and cardiovascular health problems and straining healthcare systems.

    © M & G Therin-Weise / Jaguar coming out of the forest, Pantanal Conservation Area, Brazil

    “The transformation of carbon sinks into carbon sources signals not just an ecological crisis, but a critical tipping point in our climate system — one that threatens both the natural world and the communities that rely on it. Investing in robust fire prevention and response systems is essential to combat wildfires, especially in carbon-rich forests.”

    Helping communities prepare and respond to fires

    As fire continues to threaten both ecological integrity and human livelihoods, proactive fire response and preparedness are more critical than ever. Communities living in and around World Heritage sites are often the first affected by these events—facing loss of land, water resources, cultural heritage, and biodiversity that their lives and traditions depend on.

    To support rapid and informed action, UNESCO has been leveraging real-time fire alert data through platforms like Global Forest Watch, developed by the World Resources Institute (WRI). These tools enable early detection of fire outbreaks and offer actionable insights that help local authorities and conservation managers respond quickly and effectively.

    Complementing this, Land & Carbon Lab – an applied geospatial research lab convened by WRI and the Bezos Earth Fund – provides critical data on carbon storage, emissions and sequestration in terrestrial ecosystems—enhancing global understanding of how fires and other human activities are imperiling carbon sinks and converting some forests to carbon sources. This data helps inform not only emergency response, but also long-term restoration and climate resilience strategies.

    A notable example of these data in action is their integration into the World Heritage Online Map Platform (WHOMP), which has supported the deployment of the Rapid Response Facility (RRF)— a joint initiative from UNESCO and Fauna and Flora. These tools have helped guide emergency response efforts at critical sites, including Brazil’s Pantanal Conservation Area and Bolivia’s Noel Kempff Mercado National Park. In these areas, satellite monitoring and fire alerts have enabled early fire detection, faster mobilization of resources, and timely support for both ecosystems and local communities.

    © Fundación para la Conservación del Bosque Chiquitano 

    “The grant from the Rapid Response Facility (RRF) was crucial in quickly mobilizing resources to keep the ranger corps, community brigade firefighters, and firefighting authorities active in Noel Kempff Mercado National Park. Without this swift support, the damage to the park’s forests and the species that depend on them could have been far more severe.”

    © Panthera

    “The Rapid Response Facility (RRF) made it possible to train brigades, improve communication, support government institutions and, above all, strengthen integrated firefighting actions between the various stakeholders involved.”

    Beyond immediate response, these efforts also strengthen local capacity, foster community engagement, and promote sustainable land management practices. By combining cutting-edge technology, operational monitoring systems based on Earth observation data, and on-the-ground collaboration, UNESCO and its partners are helping vulnerable communities become more prepared and resilient in the face of escalating fire risks. Ultimately, these initiatives play a vital role in safeguarding the world’s natural heritage for future generations—preserving the ecological, cultural, and climate value of these irreplaceable landscapes.

    UNESCO thanks the support of the Government of Norway to the Rapid Response Facility (RRF) and the Government of Flanders (Belgium) to the World Heritage Online Map Platform (WHOMP). WRI thanks the Bezos Earth Fund and Norway’s International Climate and Forest Initiative (NICFI).

    [1] All country emissions equivalencies are for CO2 emissions from fossil fuels in 2023, according to the Global Carbon Atlas produced by the Global Carbon Budget: https://globalcarbonatlas.org/emissions/carbon-emissions/

    MIL OSI United Nations News –

    June 25, 2025
  • MIL-OSI USA: AG Labrador Joins Coalition Defending President Trump’s Efforts to Deport Violent Tren de Aragua Gang

    Source: US State of Idaho

    Home Newsroom AG Labrador Joins Coalition Defending President Trump’s Efforts to Deport Violent Tren de Aragua Gang

    BOISE — Attorney General Labrador joined a 25-state coalition in filing a friend-of-the-court brief in the U.S. Court of Appeals for the Fifth Circuit in support of President Donald Trump’s lawful use of executive authority to deport members of Tren de Aragua (TdA), a violent Venezuelan gang designated as a foreign terrorist organization.
    The brief argues that the President is operating at the height of his constitutional and statutory authority under Article II of the U.S. Constitution and the Alien Enemies Act to remove foreign nationals affiliated with hostile organizations. The brief underscores that this is not only a lawful use of power, but a necessary one in response to escalating violence across the nation tied to TdA.
    “Idaho stands firmly with the President in his efforts to remove dangerous foreign criminals who threaten our communities,” said Attorney General Labrador. “Tren de Aragua is a designated terrorist organization that has spread violence and chaos across our nation. The President has clear constitutional and statutory authority to protect American citizens from these foreign threats, and we will defend that authority in court.”
    States participating in the brief detail the ongoing harm their communities have suffered from TdA’s infiltration—ranging from murder and human trafficking to cartel-linked operations within the United States. The brief emphasizes that the gang’s expansion is not merely a public safety threat, but part of a broader campaign of hybrid warfare coordinated with the Maduro regime in Venezuela.
    The coalition’s message is clear: judicial overreach must not interfere with the President’s core duty to defend the nation. The brief strongly urges the court to reject the injunction and allow federal authorities to continue removing dangerous illegal immigrants who do not belong in the country.
    Idaho is joined by: Alabama, Alaska, Arkansas, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Virginia, West Virginia, and Wyoming.
    Read the amicus brief here.

    MIL OSI USA News –

    June 25, 2025
  • MIL-OSI Russia: The 80th anniversary of the Victory in the Great Patriotic War will be one of the main themes of the exhibition “Far East Street” within the framework of the EEF-2025

    Translation. Region: Russian Federal

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

    11 regions of the Far East and federal ministries will present their key projects at the exhibition “Far East Street”, which will be held as part of the Eastern Economic Forum – 2025. Among the main topics are the celebration of the 80th anniversary of the Victory in the Great Patriotic War and the victory over militarist Japan, support for a special military operation, the implementation of city master plans, and advanced technological developments.

    From September 3 to 6, the exhibition will be available to forum participants, and on September 7 and 8, it will be open to everyone. The exhibition is organized by the Roscongress Foundation with the support of the Office of the Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District.

    “The exhibition “Far East Street” shows participants and guests of the Eastern Economic Forum qualitative changes in the economy and social sphere. This is a unique opportunity to introduce thousands of guests from dozens of countries of the world to the cultural features and unique traditions of various peoples, to attract investors and tourists to these territories. Everyone who comes to the EEF will be able to not only learn about the technological achievements of the Far Eastern regions, but also watch performances by creative groups, learn about the features of Kamchatka, Chukotka, Buryatia, Yakutia and other regions. Each region talks about its features, what it is proud of, presents plans for the future. This year, each Far Eastern region will pay special attention to two topics – the 80th anniversary of the Victory in the Great Patriotic War and support for a special military operation. On “Far East Street” you can learn about the exploits of our fathers and grandfathers, about those guys who are defending the independence of the Motherland today, and about the support that the Far East provided then and provides now,” the Deputy Prime Minister emphasized. – Plenipotentiary Representative of the President in the Far Eastern Federal District Yuri Trutnev.

    Currently, the appearance of the pavilions and the content of the exhibits are being updated.

    “The Far East Street exhibition is a vivid embodiment of the dynamic development of the macro-region, its economic potential and rich cultural heritage. The EEF is becoming a platform where the successes of the implementation of state policy to strengthen the Far East as a strategic center of national development are demonstrated. New opportunities for investment, tourism and international cooperation are created here, which is fully consistent with the course for sustainable growth and prosperity of Russia in the Asia-Pacific region. This will traditionally be reflected in the expositions of the regions,” said Anton Kobyakov, Advisor to the President of Russia, Executive Secretary of the Organizing Committee for the Preparation and Holding of the Eastern Economic Forum.

    The Kuril landing operation on Shumshu, which took place in August-September 1945, was the last major episode of the Soviet-Japanese War and the end of World War II. The operation was aimed at liberating the Kuril Islands, which at that time were under the control of Japan. An installation dedicated to the 80th anniversary of Victory in the Great Patriotic War will be placed inside the Sakhalin Region pavilion. The exhibition “Roads of Victory” will tell about the Yuzhno-Sakhalinsk operation and the landing on Shumshu. It is planned to show a film about the expedition to the island, videos about the reconstruction of battles in the Kholmsky and Smirnykhovsky districts. The Tourism zone will present new programs: military-historical tours “Battle for Shumshu” and “Liberation of the South of Sakhalin”, seasonal offers for winter and summer recreation, as well as gastronomic tours and the project “Far East – Land of Adventures”. In a separate zone “UAV and BEK” data on the implementation of unmanned aircraft systems will be presented. This topic will be dedicated to a separate exposition aimed at promoting Sakhalin’s achievements in this area.

    In the Khabarovsk Krai pavilion, the combined zone “Everything for Victory” and “Aircraft and Shipbuilding” will tell about the industrial potential of the region, about the parade dedicated to the victory over militarist Japan and the end of World War II, on September 3. It is planned to use models of aircraft and ships as exhibition samples, and samples of products for the needs of the SVO will be demonstrated in holographic niches.

    A special place in the Magadan Region exposition will be given to the historical heritage – the role of Kolyma in the Victory in the Great Patriotic War, as well as its contribution to ensuring the country’s success during the special military operation. The small pavilion of the Magadan Region will house the “Kolyma – from Victory to Victory” zone, which will introduce visitors to facts about the contribution of Kolyma residents to the Victory in the Great Patriotic War and support for the SVO.

    An interactive stand in honor of the 80th anniversary of the Victory in the Great Patriotic War will be installed next to the Amur Region pavilion. Here visitors will be able to see unique historical materials, photographs, and veterans’ memories. Interactive elements will be presented that will allow you to delve deeper into the events of those years.

    The “Air Defense, Civil Defense and Emergencies” zone of the Primorsky Krai pavilion will be represented by a stand in the form of three vertical screens and will tell about the region’s contribution to the military-industrial complex of Russia, ensuring information and security of the population and participation in a special military operation. The stand can be controlled using a joystick. The section will show animated videos telling about Primorye residents – heroes of the Great Patriotic War. About 200 thousand residents of Primorsky Krai took part in the military operations of the Great Patriotic War – both on the European fronts and in China and the Korean Peninsula, where they fought against the Kwantung Army of Japan. Their feat became an integral part of the overall victory. It will also tell about modern fighters participating in the Air Defense. The format of the materials varies – from documentary biographies to artistic sketches reflecting the strength of spirit, courage and dedication of the people.

    The exploits of Yakutians in the Great Patriotic War and the special military operation will also be presented at the exhibition “Far East Street”. Snipers from Yakutia, such as Fyodor Okhlopkov and Ivan Kulbertinov, were known for their outstanding results and received wide recognition. In honor of Fyodor Okhlopkov, the All-Russian Long-Range Shooting Tournament is being held in Yakutia. In addition, the entire country knows the crew of the “Alyosha” tank, which performed a heroic feat during the SVO. Yakut enterprises supply electric enduro motorcycles, all-terrain vehicles and other equipment to the front lines. In particular, for their active civic position and assistance in the special military operation, the companies “Timir AT” and “Yakt-Sokol” were awarded the public and business prize “Star of the Far East” in the nomination “Everything for Victory”.

    The “80 Years of Victory” zone in the Zabaikalsky Krai pavilion will be dedicated to the achievements of the Great Patriotic War, as well as the heroes of the special military operation. The exposition will use augmented reality technologies with biographical materials about the participants of these events.

    The Buryatia exposition will be presented in two pavilions. An outdoor exhibition area, an area for holding master classes, and a new space will appear – a spiritual cleansing area. A Buryat yurt will be installed here, inside which the Center for Eastern Medicine will operate. As part of the exposition, those wishing to will be able to compete in national sports and take part in the games of the peoples of Buryatia. A separate exposition will be placed demonstrating Buryatia’s contribution to the Victory in the Great Patriotic War and support for a special military operation.

    The attention of visitors to the exhibition “Far East Street” will be attracted by the interactive museum of Kamchatka military glory, installed in the “Will of Man” zone of the regional pavilion. Guests will be able to learn about the exploits of the heroes of the Great Patriotic War and the special military operation.

    The Jewish Autonomous Region will dedicate a “living newspaper” to the 80th anniversary of the Victory in the Great Patriotic War and the exploits of the heroes of the special military operation. The structure with built-in screens and texts in the style of a printed spread will tell about fellow countrymen – participants of the Great Patriotic War and the Special Military Operation.

    The Chukotka exposition is dedicated to three significant dates: 95 years of the Chukotka Autonomous Okrug, 80 years of the Great Victory, and 10 years of the Eastern Economic Forum. The exposition will include a “Chukotka for Victory” zone, which will show video materials about Chukotka’s contribution to the victory during the Great Patriotic War. There will also be an interactive wall with images of defenders of the Fatherland: a pilot, a reindeer herder, and a soldier. The central element of the zone will be an art object dedicated to the participants of the special military operation.

    The unified exposition of the Ministry for the Development of the Far East and Arctic and the Far East and Arctic Development Corporation “Developing the Far” will be dedicated to the mechanisms of state investment support operating in the macroregion, as well as socially significant programs implemented on the instructions of Russian President Vladimir Putin, aimed at improving the quality of life of people. Thematic multimedia expositions “Travel”, “Study”, “Work” and “Live” will tell about the dynamics of the development of the economy of Far Eastern cities, opportunities for obtaining higher and professional education, tourist routes and hospitality facilities for recreation and new experiences. Each thematic zone will be equipped with multimedia equipment and filled with text and video content.

    Participants of the All-Russian travel competition “The Far East – Land of Adventures” will share their personal experiences of traveling around the Far East with the guests of the exhibition – in the pavilion you can see their video diaries, study the routes they have taken and get inspired for new trips.

    Traditionally, the Ministry of Sports will present its expositions on the “Far East Street”. The “Sport is the Norm of Life” pavilion will become a platform for discussing current topics in the industry, and sports activities can be enjoyed in the “GTO Arena” pavilion.

    The exhibition will open the “House of the Falcon” pavilion. It is also planned to expand the “Arab Village” exposition, which won recognition from participants last year and was timed to coincide with the international forum “Day of the Falcon”.

    The central venue will traditionally host cultural program events with the participation of representatives from all Far Eastern regions.

    The 10th anniversary Eastern Economic Forum will be held from September 3 to 6 on the campus of the Far Eastern Federal University in Vladivostok. The organizer of the EEF is the Roscongress Foundation.

    The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of national and international congress, exhibition, business, public, youth, sporting and cultural events, created in accordance with the decision of the President of Russia.

    The Foundation was established in 2007 to promote the development of economic potential, advance national interests and strengthen Russia’s image. The Foundation comprehensively studies, analyses, formulates and covers issues on the Russian and global economic agenda. Provides administration and facilitates the promotion of business projects and the attraction of investments, promotes the development of social entrepreneurship and charitable projects.

    The Foundation’s events bring together participants from 209 countries and territories, more than 15,000 media representatives work annually at Roscongress venues, and more than 5,000 experts in Russia and abroad are involved in analytical and expert work.

    The Foundation interacts with UN structures and other international organizations. It develops multi-format cooperation with 226 foreign economic partners, associations of industrialists and entrepreneurs, financial, trade and business associations in 89 countries of the world, with 358 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

    Official telegram channels of the Roscongress Foundation: in Russian – T.Ta/Roscongress, in English – T.Ta/Roscongress, in Spanish – T.Ta/RoscongressP, in Arabic – T.Ta/Roscongressarabik. Official website and information and analytical system of the Roscongress Foundation: Roscongress.

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

    MIL OSI Russia News –

    June 25, 2025
  • MIL-OSI Russia: IMF Executive Board Completes the Fourth Review Under the Extended Credit Facility Arrangement with the Union of the Comoros

    Source: IMF – News in Russian

    June 24, 2025

    • The IMF Executive Board completed today the fourth review under the Extended Credit Facility Arrangement with the Union of the Comoros. Approval of the fourth review enables an immediate disbursement of SDR 3.56 million (about US$ 4.87 million).
    • Program performance remains broadly on track despite setbacks in 2024 linked to a lengthy political transition and external shocks. The authorities have reaffirmed their commitment to the ECF-supported reform agenda and are determined to demonstrate stronger program ownership in the period ahead.
    • Economic conditions remain broadly stable, supported by adequate external buffers and continued program engagement, despite persistent inflationary pressures. Implementation of the ECF-supported program is helping to safeguard macroeconomic stability, advance critical structural reforms, and mobilize concessional financing to address Comoros’s significant development and financing needs.

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed today the fourth review under the Union of the Comoros’ Extended Credit Facility (ECF) arrangement. The Executive Board’s decision allows for an immediate disbursement of SDR 3.56 million (about US$ 4.87 million), bringing the total disbursements so far under the arrangement to about $23.7 million. The 4-year ECF arrangement was approved on June 1, 2023 (See Press Release No. 23/194) with an access of SDR 32.04 million (about US$ 43 million).  

    In completing the review, the Executive Board also approved the authorities’ requests for (i) waivers of nonobservance of the quantitative performance criteria (QPCs) on tax revenue and the domestic primary balance at end of 2024 and the continuous QPC on the non-accumulation of external arrears and (ii) modifications to the end of December 2025 QPCs on tax revenue and domestic primary balance to reflect corrective actions for missing these QPCs at end-2024.

    While there is considerable progress towards the achievement of program objectives, significant and continued effort is required to maintain the reform momentum. The authorities have reiterated their strong commitment to the ECF-supported program and despite recent setbacks. Two of five QPCs were met as of end of December 2024 and 8 of the 11 structural benchmarks (SBs) expected between end of November 2024 and end of May 2025 were also met. 

    Comoros’ economic reform program supported by the ECF arrangement seeks to reduce fragility and increase economic resilience by building fiscal buffers, reducing debt vulnerabilities, strengthening the financial sector, and enhancing governance. Key policy priorities for the program remain unchanged and include: (i) mobilizing domestic revenue through reforms to strengthen tax and customs administration and streamline tax exemptions; (ii) stabilizing the financial sector including through the restructuring of the state-owned postal bank SNPSF and enhancing the Central Bank’s banking supervision and resolution capacities; and (iii) strengthening governance through PFM and anti-corruption reforms.

    Economic conditions remain broadly stable, though risks persist. Growth is estimated at 3.3 percent in 2024 and projected to rise to 3.8 percent in 2025, supported by public investment and recovering private sector credit. Inflation averaged 5 percent in 2024 and reached 7.3 percent (y/y) in March 2025, driven by food price pressures linked to cyclone-related supply disruptions and strong seasonal demand. As a result, average inflation for 2025 has been revised upward from 1.8 to 3.8 percent. Fiscal consolidation was weaker than expected in 2024 largely due to revenue shortfalls, but a stronger adjustment is planned for 2025, supported by corrective measures. The external position remains stable, with the current account deficit estimated at 2.2 percent of GDP and international reserves covering 7.4 months of imports in 2024. Reserves are projected to exceed 8.5 months over the program period.

    Following the Executive Board’s discussion, Mr. Nigel Clarke, Deputy Managing Director, and Acting Chair, issued the following statement:

    “The Comorian authorities remain committed to their reform agenda under the Extended Credit Facility-supported program, despite setbacks in 2024 linked to a lengthy political transition and external shocks. While the external position remains stable—supported by continued reserve accumulation—economic momentum softened amid elevated food inflation and cyclone-related supply shocks. These challenges highlight Comoros’s structural vulnerabilities as a small, fragile island state with limited fiscal space, weak diversification, and exposure to external and climate risks.

    “Fiscal policy continues to focus on a medium-term consolidation agenda to safeguard debt sustainability. Although 2024 fiscal outturns were weaker than expected driven largely by underperformance in tax revenue, the authorities are addressing the revenue shortfalls through corrective measures aimed at strengthening customs enforcement, improving taxpayer compliance, and recovering tax arrears.

    “Monetary policy remains focused on preserving external stability through the euro peg, alongside gradual improvements in liquidity management. While inflation remains elevated, the BCC stands ready to tighten its stance if inflation or reserve pressures persist. The central bank has expanded liquidity absorption capacity and begun publishing its operations calendar, with further reforms planned. Progress in financial supervision, resolution planning, and recapitalization—and sound operationalization of the new postal bank (BPC)—will be key to reinforcing financial sector resilience.

    “Governance and institutional reforms are progressing, though unevenly. Key achievements include operationalizing the Anti-Corruption Chamber, enhancing fiscal transparency, and adopting budget management regulations. Nonetheless, challenges persist in liquidity forecasting and cash management, accuracy in budget execution reporting, and reform implementation capacity. Strengthening the Treasury Committee, improving SOE oversight, and sustaining the PFM reform strategy remain essential to bolstering fiscal credibility.

    “Program implementation has regained momentum following a slowdown in late 2024. Continued engagement with the IMF and donor partners will be essential to safeguard macroeconomic stability, advance reforms, catalyze grants and concessional financing, and address capacity gaps.”

    Comoros Selected Economic Indicators (2024-28)

     

    Population (2018, thousands): 856

    Main products and exports: Cloves, ylang-ylang, vanilla

    Key export markets: Asia, European Union

    2024

    2025

    2026

    2027

    2028

    Est.

    proj.

    proj.

    proj.

    proj.

    Output

     

     

     

     

     

     

     

     

     

    Real GDP growth (%)

    3.3

    3.8

    4.3

    4.5

    4.3

    Employment

     

     

     

     

     

     

     

     

     

    Unemployment (%)

    n.a.

    n.a.

    n.a.

    n.a.

    n.a.

    Prices

     

     

     

     

     

     

     

     

     

     

    Inflation, period average (%)

    5.0

    3.8

    1.7

    2.1

    2.1

    Central government finances

     

     

     

     

     

     

     

     

    Revenue and grants (% GDP)

    16.2

    17.8

    17.2

    16.8

    16.7

    Expenditure (% GDP)

    19.2

    19.6

    18.9

    18.7

    18.8

    Fiscal balance (% GDP)

    -3.6

    -1.9

    -1.7

    -1.9

    -2.1

    Public debt (% GDP)

    33.7

    36.3

    37.7

    37.9

    39.3

    Money and Credit

     

     

     

     

     

     

     

     

    Broad Money (% change)

    5.1

    6.0

    5.5

    7.0

    5.0

    Credit to private sector (% change)

    1.6

    8.7

    5.2

    5.7

    5.5

    Balance of Payments

     

     

     

     

     

     

     

     

    Current account (% GDP)

    -2.2

    -3.1

    -4.1

    -3.6

    -3.0

    FDI (% GDP)

    0.4

    0.6

    0.6

    0.6

    0.6

    Reserves (months imports)

    7.4

    7.7

    8.4

    7.8

    9.5

    External debt (% GDP)

    30.0

    31.3

    33.8

    34.7

    36.5

    Exchange rate

     

     

     

     

     

     

     

     

     

      KMF/US$ (period average)

    449.7

    …

    …

    …

    …

    Sources: country authorities; and IMF staff’s estimates.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Pavis Devahasadin

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

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/24/pr25215-comoros-imf-completes-the-fourth-review-under-the-extended-credit-facility-arrangement

    MIL OSI

    MIL OSI Russia News –

    June 25, 2025
  • MIL-OSI Europe: Germany: EIB provides €30 million financing to OLEDWorks for automotive lighting

    Source: European Investment Bank

    EIB

    • EIB financing supports OLEDWorks in ramping up the manufacturing and R&D of their lighting technology.
    • The company’s products combine high brightness, longevity, energy-efficiency, and reduced waste. 
    • The loan is backed by the European Commission’s InvestEU programme, which aims to promote sustainable investment, innovation, and job creation in Europe.

    Luxembourg/Aachen, 26 June 2025. – The European Investment Bank (EIB) has granted financing of €30 million to OLEDWorks, a provider of innovative lighting solutions for the automotive industry, microdisplays, and other specialty lighting applications. The loan aims to support the company’s expansion and product development within the European Union, with a primary focus on automotive clients. Most of the investment will be used at the borrower’s existing site in Aachen, Germany.

    OLEDWorks specialises in designing and developing lighting solutions based on organic light-emitting diodes (OLEDs). Its technology offers a combination of high brightness, energy efficiency, and durability. Notably, the company has developed an innovative application for OLED panels in the automotive sector, which represents a first-of-its-kind use case at scale.

    The financing provided by the EIB will enable OLEDWorks to strengthen its position as a world leader in multi-stack OLED technology, and to expand its portfolio of automotive customers. It will also allow OLEDWorks to capitalise on the nascent trend of using OLED technologies in the automotive sector, which is expected to gain momentum in the coming years. Furthermore, the financing will help to keep key manufacturing sectors and innovation in Europe, as the lighting industry has largely been delocalised to Asia in recent decades.

    “OLEDWorks provides the type of cutting-edge technology that will secure a bright future for Europe and its people,” said EIB Vice President Nicola Beer, who oversees the Bank’s operations in Germany. “The financing provided by the EIB reflects our commitment to supporting innovative companies in strategic sectors. OLEDWorks’ lighting solutions align with our objective of fostering technological advancements on the continent—progress we need if we want Europe to be competitive and green.”

    David DeJoy, CEO of OLEDWorks, emphasizes the pivotal role this investment plays in meeting customer needs: “The financing provided by the EIB will allow for expedited technology development and will enable advancements of OLED lighting technology with higher segmentation and display-like capabilities, higher brightness for automotive stop and turn applications, and bendable OLED panels.”

    Wolfgang Görgen, Managing Director of OLEDWorks GmbH, adds: ”The technology advancements along with enhanced capacity at our Aachen facility will empower us to respond swiftly to our customers’ demands.”

    The EIB support is expected to facilitate OLEDWorks’ growth plans and enable the hiring of some 45 new employees over the next three to four years. The project falls under the InvestEU-supported Future Tech programme loan, which addresses funding gaps and provides adequate risk capital to venture-backed companies in the EU. European small and mid-sized companies often face challenges in accessing non-dilutive financing options for growth investments. Since its establishment in 2016, the EIB’s innovation financing team has addressed the unique funding needs of over 300 fast-growing companies, investing €7 billion in the process.

    Background information

    About the European Investment Bank

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    About OLEDworks

    OLEDWorks is a global leader in the development and production of innovative organic light-emitting diode (OLED) technology. By producing the world’s best-performing OLED panels and combining rapid product innovation, OLEDWorks enriches lighting solutions in automotive, specialty, and microdisplay applications.

    The OLEDWorks manufacturing facility is IATF 16949 and ISO 9001, 14001, 45001 certified with full traceability via a factory MES system.

    About the InvestEU Programme

    The InvestEU programme supports the sustainable recovery of the European Union by leveraging significant private and public funds. It aims to crowd in private investment for strategic priorities such as the European Green Deal and the digital transition. The programme simplifies and enhances funding opportunities for investment projects within the European Union. It consists of the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners utilising the EU budget guarantee of €26.2 billion to mobilise at least €372 billion in additional investment.

    Germany: EIB Provides €30 Million Financing to OLEDWorks for Automotive Lighting

    ©EIB
    Download original

    Germany: EIB Provides €30 Million Financing to OLEDWorks for Automotive Lighting

    ©EIB
    Download original

    Germany: EIB Provides €30 Million Financing to OLEDWorks for Automotive Lighting

    ©EIB
    Download original

    Germany: EIB Provides €30 Million Financing to OLEDWorks for Automotive Lighting

    ©EIB
    Download original

    MIL OSI Europe News –

    June 25, 2025
  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 23, 2025 [Image 6 of 11]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    NUKU’ALOFA, Tonga (June 23, 2025) Hospitalman Anthony Carretocardona conducts an eye exam for a local resident at Vaiola Hospital as part of Pacific Partnership 2025 (PP-25) in Nuku’alofa, Tonga, June 23, 2025. PP-25 medical teams are providing free eye exams and prescription glasses at Vaiola Hospital and Mu’a Health Center while in Nuku’alofa, Tonga. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Courtesy Asset)

    Date Taken: 06.23.2025
    Date Posted: 06.23.2025 23:29
    Photo ID: 9128314
    VIRIN: 250623-N-RM599-9743
    Resolution: 4032×3024
    Size: 3.05 MB
    Location: NUKU’ALOFA, TO

    Web Views: 7
    Downloads: 1

    PUBLIC DOMAIN  

    This work, Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 23, 2025 [Image 11 of 11], by LCDR Andrew Bertucci, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

    GALLERY

    MORE LIKE THIS

    CONTROLLED VOCABULARY KEYWORDS

    TAGS

    MIL Security OSI –

    June 25, 2025
  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 24, 2025 [Image 1 of 4]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    NUKU’ALOFA, Tonga (June 24, 2025) U.S. Navy Cmdr. Samantha Jennings, center, Family Nurse Practitioner deployed in support of Pacific Partnership 2025 (PP-25), sits down with a local patient for a health consultation at Mu’a Health Centre during PP-25 in Nuku’Alofa, Tonga, June 24, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 06.24.2025
    Date Posted: 06.24.2025 14:58
    Photo ID: 9129426
    VIRIN: 250624-N-ED646-1522
    Resolution: 8007×5345
    Size: 7.24 MB
    Location: NUKU’ALOFA, TO

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 24, 2025 [Image 4 of 4], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

    GALLERY

    MORE LIKE THIS

    CONTROLLED VOCABULARY KEYWORDS

    TAGS

    MIL Security OSI –

    June 25, 2025
  • MIL-OSI Security: Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 24, 2025 [Image 4 of 4]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    NUKU’ALOFA, Tonga (June 24, 2025) U.S. Navy Cmdr. Shirleen Sulatan, center, Nurse Practitioner deployed in support of Pacific Partnership 2025 (PP-25), assists a local patient during a health consultation at Mu’a Health Centre as part of PP-25 in Nuku’Alofa, Tonga, June 24, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 06.24.2025
    Date Posted: 06.24.2025 14:58
    Photo ID: 9129430
    VIRIN: 250624-N-ED646-7460
    Resolution: 8500×5669
    Size: 8.41 MB
    Location: NUKU’ALOFA, TO

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Pacific Partnership 2025 Conducts Mission Stop in Nuku’Alofa, Tonga, June 24, 2025 [Image 4 of 4], by PO2 Moises Sandoval, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

    GALLERY

    MORE LIKE THIS

    CONTROLLED VOCABULARY KEYWORDS

    TAGS

    MIL Security OSI –

    June 25, 2025
  • MIL-OSI NGOs: Indonesia: Police must release 75 people arrested in discriminatory raid on “gay party”

    Source: Amnesty International –

    Responding to the arrest of 75 people in a raid on a gathering described by police as a “gay party” in the Indonesian city of Bogor, near the capital city of Jakarta, Amnesty International Indonesia’s Deputy Director Wirya Adiwena said:

    “This discriminatory raid on a privately rented villa is a blatant violation of human rights and privacy that exemplifies the hostile environment for LGBTI people in Indonesia. This gathering violated no law and posed no threat.

    “The Indonesian authorities must end these hate-based and humiliating raids. No one should be subjected to arrest, intimidation or public shaming because of their actual or perceived sexual orientation or gender identity.

    “The police must immediately release all those arrested. Indonesia’s government must also take urgent steps to ensure accountability for human rights violations committed by the police, and work toward creating an environment where LGBTI individuals and their allies can live free from fear and harassment.”

    MIL OSI NGO –

    June 25, 2025
←Previous Page
1 … 305 306 307 308 309 … 1,669
Next Page→
NewzIntel.com

NewzIntel.com

MIL Open Source Intelligence

  • Blog
  • About
  • FAQs
  • Authors
  • Events
  • Shop
  • Patterns
  • Themes

Twenty Twenty-Five

Designed with WordPress