NewzIntel.com

Category: Asia Pacific

  • MIL-OSI: SUNation Energy Announces Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 – for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025.

    The Company’s common stock will continue to trade under the symbol “SUNE” and it is expected to open for trading on Nasdaq on April 21, 2025 on a post-split basis. The new CUSIP number for the common stock following the reverse stock split will be 72303P503.

    The ratio of the reverse stock split is within the range approved by shareholders at a Special Meeting of Shareholders held on April 3, 2025. The reverse stock split is primarily intended to increase the market price per share of the Company’s common stock to regain compliance with the minimum bid price required for continued listing on The Nasdaq Capital Market.

    Upon the effectiveness of the reverse stock split, every 200 shares of issued and outstanding Company common stock at the close of business on April 17, 2025 will be automatically combined into one issued and outstanding share of common stock, with no change in par value per share. The total shares outstanding stands at 672,799,910 as of April 11, 2025. The split, once effective, will result in there being approximately 3,364,000 shares outstanding immediately thereafter.

    The reverse stock split does not reduce the number of shares of the Company’s authorized common stock. No fractional shares will be issued as a result of the reverse stock split and all such fractional interests will be rounded up to the nearest whole number of shares of common stock. The reverse stock split will affect all common shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s common stock, except to the extent that the reverse stock split results in some shareholders experiencing an adjustment of a fractional share as described above.

    Shareholders holding their shares electronically in book-entry form are not required to take any action to receive the post-split shares. Shareholders holding physical share certificates will receive information from EQ Shareowner Services, the Company’s transfer agent, regarding the process for exchanging their shares of common stock. Shareholders with questions may contact the Company’s transfer agent by calling 800-401-1957.

    Additional information about the reverse stock split can be found in the Company’s definitive proxy statement (the “Proxy Statement”) filed with the Securities and Exchange Commission (the “SEC”) on March 10, 2025, which is available at the SEC’s website, www.sec.gov.

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    The MIL Network –

  • MIL-OSI: Kingsoft Cloud Announces Pricing of Public Equity Offering

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, April 16, 2025 (GLOBE NEWSWIRE) — Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC and HKEX: 3896), a leading cloud service provider in China, today announced the pricing of its underwritten public offering (the “Public Offering”) of 18,500,000 of American depositary shares (the “ADSs”), each representing 15 ordinary shares of the Company, at a price of US$11.27 per ADS or a total of 277,500,000 ordinary shares at a price of HK$5.83 per ordinary share, based upon each ADS representing 15 ordinary shares and an exchange rate of HK$7.7574 to US$1.00, the spot rate of exchange at the time of pricing. All ADSs will be offered by Kingsoft Cloud. Investors have an option to receive ordinary shares of the Company to be traded on the HKEX (the “Shares”) in lieu of ADSs in this offering.

    Subject to customary closing conditions, the underwriters expect to (i) deliver the ADSs against payment to the purchasers on or about April 17, 2025, on a “T+1” basis, through the facilities of the Depository Trust Company in the U.S.; and (ii) deliver the ordinary shares against payment therefor through the facilities of the Central Clearing and Settlement System in Hong Kong on or about April 25, 2025, on a “T+5” basis. In addition, Kingsoft Cloud has granted the underwriters a 30-day option to purchase up to an additional 2,775,000 ADSs at the Public Offering price, less underwriting discounts and commissions, which purchase, if applicable, will be settled only in ADSs.

    Morgan Stanley Asia Limited, Goldman Sachs (Asia) L.L.C., China International Capital Corporation Hong Kong Securities Limited, Deutsche Bank AG, Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited, and Merrill Lynch (Asia Pacific) Limited are acting as the underwriters for the Public Offering.

    Concurrently with, and subject to, among other closing conditions, the completion of the Public Offering, the Company’s existing shareholder, Kingsoft Corporation Limited (“Kingsoft Corporation”) has agreed to purchase from the Company 69,375,000 of its ordinary shares at a price per share equal to the Public Offering price per ordinary shares, in a concurrent private placement (the “Concurrent Private Placement”). The Concurrent Private Placement to Kingsoft Corporation is being made pursuant to Regulation S of the Securities Act of 1933, as amended. The Concurrent Private Placement constitutes connected transactions within the meaning of the Listing Rules of The Stock Exchange of Hong Kong Limited and are subject to, among other conditions, (i) the approval by independent shareholders in a shareholder meeting the Company plans to convene, and (ii) the completion of the Public Offering.

    The gross proceeds to Kingsoft Cloud from the Public Offering and the Concurrent Private Placement, assuming the underwriters do not exercise its option to purchase additional ADSs, before deducting underwriting discounts and commissions and other offering expenses, are expected to be approximately US$260.7 million. The Company plans to use the net proceeds from the Public Offering and the Concurrent Private Placement for (i) investments in upgrading and expanding infrastructure, (ii) investments in technology and product development, and (iii) general corporate and working capital purposes.

    The ADSs and ordinary shares are offered in the Public Offering pursuant to an automatic shelf registration statement on Form F-3 filed with the SEC and is available on the SEC’s website at http://www.sec.gov. A preliminary prospectus supplement and an accompanying prospectus related to the proposed Public Offering have been filed with the SEC and are available on the SEC’s website at http://www.sec.gov. The final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at: http://www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by contacting Morgan Stanley Asia Limited, c/o Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, United States, or by telephone at +1-866-718-1649 or by emailing prospectus@morganstanley.com; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com; China International Capital Corporation Hong Kong Securities Limited, 29/F International Finance Center, No.1 Harbor View Street, Central, Hong Kong, by email at ecm_supernova_plus@cicc.com.cn; Deutsche Bank AG, Hong Kong Branch, Attention: Asia Equity Capital Market, Level 60, International Commerce Centre, 1 Austin Road West Kowloon, Hong Kong, or by phone at +852 2203-8166 or by email at asia.ecm.internal@list.db.com; HSBC Securities (USA) Inc. sales representative or by emailing ny.equity.syndicate@us.hsbc.com; or Merrill Lynch (Asia Pacific) Limited, c/o BofA Securities, Inc., Attention: Prospectus Department, One Bryant Park, New York, NY, 10036, United States, or by telephone at +1 (800) 294-1322 or by email at dg.prospectus_requests@bofa.com.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy ADSs, Shares or any other securities of the Company, nor shall there be any sale of ADSs or Shares 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.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to”, “could”, “potential” or other similar expressions. Among other things, the Business Outlook, and quotations from management in this announcement, as well as Kingsoft Cloud’s strategic and operational plans, contain forward-looking statements. Kingsoft Cloud may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Kingsoft Cloud’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Kingsoft Cloud’s goals and strategies; Kingsoft Cloud’s future business development, results of operations and financial condition; relevant government policies and regulations relating to Kingsoft Cloud’s business and industry; the expected growth of the cloud service market in China; Kingsoft Cloud’s ability to monetize its customer base; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Kingsoft Cloud’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Kingsoft Cloud does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    About Kingsoft Cloud Holdings Limited

    Kingsoft Cloud Holdings Limited (NASDAQ: KC and HKEX:3896) is a leading cloud service provider in China. With extensive cloud infrastructure, cutting-edge cloud-native products based on vigorous cloud technology research and development capabilities, well-architected industry-specific solutions and end-to-end fulfillment and deployment, Kingsoft Cloud offers comprehensive, reliable and trusted cloud service to customers in strategically selected verticals.

    For more information, please visit: http://ir.ksyun.com.
      
    For investor and media inquiries, please contact:

    Kingsoft Cloud Holdings Limited
    Nicole Shan
    Tel: +86 (10) 6292-7777 Ext. 6300
    Email: ksc-ir@kingsoft.com

    The MIL Network –

  • MIL-Evening Report: Second leaders’ debate is a tame affair befitting a ‘deeply uninspiring’ campaign

    Source: The Conversation (Au and NZ) – By Andy Marks, Vice-President, Public Affairs and Partnerships, Western Sydney University

    Prime Minister Anthony Albanese and Opposition Leader Peter Dutton have had their second showdown of the 2025 federal election campaign. The debate, hosted by the ABC, was moderated by David Speers in the national broadcaster’s studios in Western Sydney.

    The leaders were asked a wide range of questions on topics such as negative gearing, nuclear energy and Australia’s relationships with the US and China. But the debate was kicked off on housing, which has been a major focus of the campaign over the last few days.

    So, how did it shape up, and how did it compare to the first debate a fortnight ago? Three experts give their analysis.

    Matthew Ricketson, Deakin University

    Ahead of tonight’s debate, commentators predicted it would have little impact because most people no longer get their news from television and because the election campaign has been deeply uninspiring.

    That’s partly an index of how drastically the media landscape has changed. As recently as 2010, nearly 3.4 million people tuned in to watch the debate between Julia Gillard and Tony Abbott, which was broadcast on all three commercial networks, as well as the ABC. That number showed evidence of widespread interest in politics.

    The number of viewers’ advance questions to the ABC tonight also illustrated keen interest, particularly on issues like the plight of potentially lifelong renters in an overheated housing market and the urgent need to tackle climate change.

    The second leaders’ debate didn’t become heated or hostile. Both the prime minister and the opposition leader stayed relentlessly on-message.

    As is well known, Albanese is no Cicero, but he was well prepared and generally clear. He was stronger on housing than his opponent, but clearly did not want to get trapped predicting energy prices again, as he had during the 2022 campaign.

    Dutton was also clear when he focused on the issue at hand. His strongest line was one he used at least three times: are you better off now than you were three years ago? It is a line used by US President Donald Trump during his successful campaign last year.

    But it was on Trump that Dutton tied himself in knots, asserting he would be able to get a deal done with Trump when virtually no one else has and then saying he did not know him. Huh?

    He was also defensive when pressed on his nuclear policy and he was all over the shop on climate change.

    Befitting the current election campaign, there were meme-able moments on offer for both. Dutton got out his line about Albanese having a problem with the truth. But he coughed up his own when he admitted making a mistake in saying Indonesian President Prabowo Subianto had “publicly announced” Russia had asked his country for a base for its aircraft.

    Michelle Cull, Western Sydney University

    After both leaders finished their opening statements in good spirits, the debate quickly turned to housing. As suggested by host David Speers, both parties have “put forward ideas that a lot of experts and economists are warning will only push up prices even more”.

    So, could the leaders explain how their plans will make housing more affordable in five or ten years?

    Albanese said his party had a plan for both demand and supply. He mentioned the Building Australia’s Future Fund to build more public housing, Build to Rent scheme to increase the private rental supply, and the 5% deposit for first home buyers. He also made note of the 100,000 homes that would be allocated only to first home buyers.

    Dutton blamed Albanese for the current housing crisis. He promoted the Coalition’s plans to allow first home buyers access up to $50,000 of their superannuation to buy a home and a planned $5 billion infrastructure fund to free up to 500,000 new home lots. Reducing immigration and foreign ownership also rated a mention.

    Dutton explained the most important part of the Coalition’s plan was to allow first home buyers a tax deduction for interest on the first $650,000 of their mortgage. When questioned about this favouring higher income earners, Dutton quickly responded that the average taxpayer would save around $11,000 a year.

    Talking tax, this provided the perfect opportunity for Speers to pose the question that many viewers wanted to ask – why are both parties not willing to review the tax breaks for investors and the capital gains tax discount?

    Dutton jumped at the chance to challenge Albanese about the modelling on negative gearing conducted by Treasury for the government last year. Albanese replied Treasury was just doing their job and looking at ideas.

    The host reminded both leaders that they themselves are property investors. When pressed about possibly placing limits on the number of properties held by investors, Dutton argued there should be no limit as we need the rentals.

    Talking rentals, Dutton said renters’ rights were up to the states, while Albanese said his party has delivered the Renter’s Rights Program and increased rental assistance.

    Andy Marks, Western Sydney University

    For the second leaders’ debate, the ABC’s new Parramatta digs, Studio 91, felt more like the legendary New York dance club, Studio 54. Prime Minister Anthony Albanese and Opposition Leader Peter Dutton stuck to their steps while the host, “DJ” David Speers, tried to disrupt their rhythm.

    Dutton opened with the Reaganesque classic, asking viewers: “Are you better off than you were three years ago?”. Albanese countered by saying Australians have done the “hard work” over the past three years, then adding, “there’s much more work to do”.

    Dutton wanted to talk about renters. Labor’s policies, he argued, would “drive up the cost of rents”. Albanese held out, preferring to talk first home buyers. “We need to give people a fair crack”, he said.

    Dutton retorted, we need to “give young Australians a go”. A “crack” or a “go”. Both options have “hit” written all over them.

    Speers then changed tunes, turning to the old election stalwart, spending versus revenue.

    “We have improved the bottom line”, Albanese assured viewers. That claim “defies the reality”, Dutton responded. Speers asked Dutton, “Where do you cut?”. No answer. Speers then quizzed Albanese. “When will power bills come down?” No answer.

    “I’m friends with Keir Starmer”, Albanese suddenly volunteered, cautioning against the Coalition’s nuclear energy plans. The UK prime minister, Albanese said, regrets his country’s nuclear adventures.

    Crossing the Atlantic, Dutton remarked, the Coalition has an “incredible relationship” with the Trump administration. The government’s current ambassador, Kevin Rudd, “can’t get a phone call with the president”, he said. The former ambassador, Joe Hockey, “used to play golf with him.”

    The second leaders’ debate traversed the dance floor to the golf course, but got no closer to differing visions for the country.

    In a rare moment of harmony, Albanese and Dutton concurred: both sides of government have failed Indigenous Australians. No debate there.

    Michelle Cull is an FCPA member of CPA Australia, member of the Financial Advice Association Australia and President Elect of the Academy of Financial Services in the United States. Michelle is an academic member of UniSuper’s Consultative Committee. Michelle co-founded the Western Sydney University Tax Clinic which has received funding from the Australian Taxation Office as part of the National Tax Clinic Program. Michelle has previously volunteered as Chair of the Macarthur Advisory Council for the Salvation Army Australia.

    Andy Marks and Matthew Ricketson do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Second leaders’ debate is a tame affair befitting a ‘deeply uninspiring’ campaign – https://theconversation.com/second-leaders-debate-is-a-tame-affair-befitting-a-deeply-uninspiring-campaign-254466

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Election Diary: there were a couple of ‘moments’ in second Albanese-Dutton encounter

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Two “moments” stuck out in Wednesday’s leaders’ debate, the second head-to-head of the campaign.

    Peter Dutton cut his losses over his faux pas this week when he wrongly named Indonesian president Prabowo Subianto as having said there had been a Russian approach to base aircraft in Papua.

    So that was a mistake, ABC moderator David Speers asked. “It was a mistake.”

    The other “moment” was in a discussion about negative gearing, when Anthony Albanese denied the government had sought modelling on that. The public service “certainly wasn’t commissioned by us to do so”. In fact, we know Treasurer Jim Chalmers asked Treasury to do it.

    That enabled Dutton to repeat a favourite Coalition line. “This prime minister has a problem with the truth.” (Albanese has given grist for this line by his denial earlier in the campaign that he fell off a stage, when the footage contradicted him.)

    While the leaders were predictably well-rehearsed across the broad sweep of issues, they could not prevent their weak spots being put on display.

    Albanese struggled with something that has not been canvassed enough.Wasn’t there a case for more means testing of some of the big spending the government has undertaken?

    Then of course there was the perennially unanswerable question: when will power prices come down? The PM squirmed.

    Dutton left us no more informed about what a Coalition government would cut to finance his programs, although he did concede, when asked whether cuts to the public service would be enough to cover all his spending, “The short answer is no”.

    On climate change, the opposition leader looked awkward, when asked what seemed simple questions, such as whether the impact of climate change was getting worse. That’s a judgement he’d prefer to leave to others, “because I’m not a scientist”.

    Aware that he is paying a political cost by being painted as Trump-lite, Dutton dodged when asked whether he trusted Trump. “I don’t know Donald Trump” was his lame response (although he continues to declare himself confident of being able to get a deal on tariffs with him).

    Albanese, for his part, said he had “no reason not to trust him”.

    The PM reconfirmed that in tariff discussions with the US, Australia’s critical minerals were on the table, but lacked clarity when pressed on what precisely was Australia’s proposed critical minerals reserve.

    The two leaders were at one on being behind AUKUS (just like they are on not touching negative gearing) despite increasing criticism of the agreement in Australia.

    Housing was thoroughly canvassed but without taking us much further. It now seems it is the politicians against the experts, many of whom are sceptical of much of both sides’ offerings.

    Speers’ raising the issue of renters was a reminder that the housing issue in this campaign – at least as it’s being argued by the main parties – has been firmly focused on promoting ownership. The plight of renters has been the bailiwick of the Greens.

    Asked about the one big reform change they’d like to be remembered for, Albanese nominated affordable child care.

    Dutton went to a more ambitious level, nominating energy, which was, he said, “the economy”, an inevitably more contestable area than childcare. This opened the usual claims and counter-claims about nuclear.

    For those who want to hear the next round of the leaders’ duelling, they will meet again on April 27 on commercial TV.

    Business signals post-election fight on gender-based undervaluation of work

    The Albanese government has made reducing the gender pay gap one of its signature issues. Among other initiatives, its legislation in 2022 required the Fair Work Commission to take into account the need to achieve gender equality.

    The commission’s expert panel for pay equity has been investigating five areas: pharmacists, health workers, social and community services employees, dental assistants, and child care workers.

    On Wednesday its results were released, finding gender-based undervaluation of work in all these areas and proposing pay rises up to 35%.

    There is an immediate determination for pharmacists, who will receive a 14.1% pay rise phased in over three years. In the other areas, a process of further hearings will commence.

    The government reacted cautiously. The bill for the wages of many workers in the care sector falls on to the public purse.

    A Labor spokesperson said: “A re-elected Albanese Government will engage positively with the Commission consistent with the principles set out in our submission [to the expert panel] , including our obligation to manage any changes in a fiscally and economically responsible manner”.

    The Australian Industry Group declared “many employers will struggle to meet the scale of the increased costs proposed”.

    “Industry will be  anxiously awaiting  the response of the major sides of politics  to the decision and what concrete commitments will be made to assist employers in grappling  with its implications.”

    The last thing the government wants to make on this before the election is a “concrete commitment”.

    Michelle Grattan 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. Election Diary: there were a couple of ‘moments’ in second Albanese-Dutton encounter – https://theconversation.com/election-diary-there-were-a-couple-of-moments-in-second-albanese-dutton-encounter-254586

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Global: Giving cash to families in poor, rural communities can help bring down child marriage rates – new research

    Source: The Conversation – USA – By Sudarno Sumarto, Visiting Professor at the Center for International Development, Harvard Kennedy School

    Child marriages remain common in many regions of the world. AP Photo/Victoria Milko

    Providing cash transfers to low-income families can reduce child marriage rates among girls living in rural communities.

    That is what we found in a recent study looking at the impact of social assistance programs that gave money to families in Indonesia.

    In 2006, the government of Indonesia started to roll out the Program Keluarga Harapan, or Family Hope Program. It consisted of a cash transfer to poor families on condition that they send children to school and that expectant mothers show up for prenatal health care appointments. The monthly stipends equate to about 40% of total monthly household expenditures in their communities.

    Today, the program supports about 10 million households annually and is considered the second-largest such program in lower- and middle-income countries worldwide.

    We analyzed data from Indonesia’s poverty-targeting database, which is used to select program beneficiaries based on their income.

    Our sample comprised about 1 million girls ages 14 to 17, drawn from all villages where the program operated from 2012 to 2014.

    We compared girls who live in households just above and just below the wealth eligibility cutoff for the program. Essentially, this strategy assumes that these households are very similar, but some get the money while other’s don’t.

    We found that the program reduced the incidence of child marriages by about 3.5 percentage points, from 8.7 to 5.2.

    Why it matters

    About 650 million girls alive today were married as children.

    Though most countries have instituted laws prohibiting marriages under the age of 18, child marriages remain common in many regions of the world.

    The continued existence of child marriage is worrisome for several reasons. Research has linked child marriage to higher infant and maternal mortality, a higher risk of sexually transmitted diseases, more exposure to domestic violence, reduced decision-making power inside marriage, lower educational attainment and worse health and labor market outcomes.

    Since child marriage rates tend to be higher among poorer households, many researchers have argued that income constraints are a main reason why poor households marry off their daughters at very young ages.

    Consequently, researchers have explored whether policies that address poverty, including through measures such as giving people cash, can help reduce child marriages.

    Previous studies have faced certain empirical challenges as either the cash transfer programs under investigation were set up by NGOs or researchers themselves, thereby providing little insights on the effectiveness of actual government policies, or included sample sizes that were too small.

    Our study is among the first to provide large-scale evidence of a cash-transfer program’s success drawn from a conventional, government-implemented social assistance program.

    It is also worth briefly commenting on the political context in which social assistance programs are typically embedded. In Indonesia, as everywhere in the world, social assistance programs are regularly under scrutiny for their sizable costs to the government and taxpayer.

    Our study suggests that these programs can generate positive benefits well beyond their principal target outcomes, such as tackling poverty or children’s health and education – which should be considered when discussing the cost-effectiveness of such programs.

    What’s next

    Because cash transfers also affect other areas such as health and education, it isn’t known the exact pathway in which they reduce child marriages – that is to say, it could be that being in better health and getting more years of education can reduce the chances that a girl will marry.

    For example, girls with better access to education can earn higher pay and therefore may not feel the same pressure to marry early. And boys who spend more time in school may move to cities for higher-paying jobs. In that case, fewer single men are around in rural areas, leading to delays in local marriages.

    We plan to stay in touch with the Indonesian government regarding its attempts to further bring down child marriage rates. Likewise, we plan to conduct follow-up studies with the specific social assistance program Program Keluarga Harapan and other government programs to study their effects.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Giving cash to families in poor, rural communities can help bring down child marriage rates – new research – https://theconversation.com/giving-cash-to-families-in-poor-rural-communities-can-help-bring-down-child-marriage-rates-new-research-251888

    MIL OSI – Global Reports –

  • MIL-OSI: Athene Enhances Flagship Annuity Products, Expands Innovative Preset Allocation Feature

    Source: GlobeNewswire (MIL-OSI)

    WEST DES MOINES, Iowa, April 16, 2025 (GLOBE NEWSWIRE) — Athene, the leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), today announced new features on two of its flagship annuity products, designed to simplify the user experience.

    The Athene AccumulatorSM Fixed Indexed Annuity products now include Preset Allocations, a simplified allocation feature designed to make sophisticated diversification strategies easier to implement. In addition, the Athene ProtectorSM Fixed Indexed Annuity products now include a streamlined index lineup and new interest crediting strategies and rider options to help clients more easily navigate the product and focus on its protection features. Both products are designed to provide protected accumulation.

    “Athene is on a mission to make annuity products simpler to understand and easier to use,” said Mike Downing, Athene Chief Operating Officer. “These enhancements are about providing the best possible experience to financial professionals so that they can help their clients retire with certainty.”

    These enhancements are part of Athene’s ongoing efforts to simplify the user experience for annuity products. Earlier this year, Athene and Jackson National Life Insurance Company became the first carriers to complete a paperless transaction for replacement annuity business as part of the Insured Retirement Institute’s (IRI) Digital First Initiative.

    “Athene’s leadership is transforming the annuity experience for consumers and financial professionals,” said Downing. “Paperless replacements help reduce the processing time from 2-4 weeks to 48-72 hours. Now product-level enhancements like these can save financial professionals even more time as they set their clients up for success.”

    About Athene
    Athene is the leading retirement services company with over $360 billion of total assets as of December 31, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations. For more information, please visit www.athene.com.

    Contact:
    Alyssa Castelli
    Director, External Relations
    +1 (646) 768-7304
    Alyssa.castelli@athene.com

    The MIL Network –

  • MIL-OSI: 84% of Organizations’ SOC Analysts are Unknowingly Investigating the Same Incidents

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 16, 2025 (GLOBE NEWSWIRE) — Devo Technology, the security data analytics company, today unveiled the results of a new survey examining alert management in security operations centers (SOCs) and the growing need for a shift to an Alertless SOC. The Evolution Toward an Alertless SOC report found that the current alert-centric SOC architecture creates numerous pain points for analysts, including duplicated work.

    Organizations reported that their analysts spend significant time manually gathering evidence from different tools, enriching data, and cross-checking data to understand if new alerts are connected to already-known incidents. More specifically, the survey found that:

    • 83% of analysts are overwhelmed by alert volume, false positives, and lack of alert context.
    • 85% of analysts spend substantial time gathering and connecting evidence to transform an alert into an actionable security case.

    The alert-centric model also duplicates work, wasting analysts’ already limited time. A staggering 84% of organizations report that SOC analysts unknowingly investigate the same incidents several times a month or more. More specifically, 60% reported discovering duplicated investigations at least once per week.

    Under-delivery from tools and a reactive approach hinders SOC efficiency
    The study showed that analysts are more likely to take a reactive approach, working in response to alert notifications rather than proactively investigating and threat hunting. In total, 47% say they primarily discover security incidents through alerts, compared with just 33% who say discovery comes primarily through proactive investigation.

    The under-delivery of tools in the SOC technology stack exacerbates this reactive approach. When asked to rank the top capabilities that are not meeting expectations, organizations cited case management (77%), threat intelligence integration (76%), reporting metrics (75%), investigation workflow automation (75%), and alert prioritization accuracy (73%).

    “Even with best-in-class technology and highly-skilled teams, the alert-centric model still leaves SOC analysts overwhelmed,” said Rakesh Nair, chief technology officer at Devo. “As AI-enhanced threats become more prevalent, it’s more important than ever to free analysts’ time to focus on proactive investigation to maintain and improve organizations’ security posture.”

    Organizations are ready to level up AI use in the SOC
    While AI adoption in the SOC is widespread, current use cases are focused on basic functions like alert severity (47%), response triggers (42%), and anomaly detection (41%). A significant opportunity exists to leverage AI for more impactful, proactive security measures. Despite high demand, fewer than one in three organizations use AI for automated alert triage, and only 36% use it for alert enrichment, both critical for reducing manual labor. However, organizations are eager to advance within the next year:

    • 82% want to prioritize proactive investigations instead of reactive alert responses.
    • 81% aim to enhance alert correlation and enrichment.
    • 80% seek cost-effective methods to analyze broader data sources.

    The Alertless SOC charts a path away from the alert-centric SOC model
    The Alertless SOC offers a new approach to SOC work by unleashing analysts’ expertise through intelligent automation and investigation capabilities. Devo’s vision for the Alertless SOC goes beyond the traditional Threat Detection, Investigation, and Response (TDIR)—it’s a fundamental reimagining of how SOC teams operate, replacing reactive alert management with precision threat hunting and coordinated response.

    Read the full survey results and learn more about the Alertless SOC in Devo’s Evolution Toward an Alertless SOC report.

    Methodology
    The Evolution Toward an Alertless SOC survey was conducted by Wakefield Research among 200 US security operations professionals with seniority of manager or director who work at companies with a minimum of 1,000 employees, between January 28 and February 10, 2025, using an email invitation and online survey.

    About Devo
    Devo Technology delivers a real-time security data platform that serves as the foundation of your security operations and includes data-powered threat detection, automated case management, autonomous investigations and threat hunting. AI and intelligent automation help your SOC work faster and smarter so your team can proactively make the right decisions in real time. Headquartered in Boston, Massachusetts, with operations in North America, Europe, and Asia Pacific, Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo.

    The MIL Network –

  • MIL-OSI Security: Fentanyl and Firearms Trafficker Sentenced to Fifteen Years in Federal Prison

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Richard G. Frohling, Acting United States Attorney for the Eastern District of Wisconsin, announced that on April 11, 2025, Azjuan Meriwether (age: 25) of Milwaukee, was sentenced to 15 years in federal prison for drug and firearm offenses. 

    According to court records, a proactive law enforcement investigation revealed that Meriwether was the leader of an armed drug trafficking organization responsible for distributing at least 32 kilograms of fentanyl, at least 375 grams of para-fluorofentanyl (a fentanyl analogue), as well as methamphetamine, cocaine, and other drugs.  Meriwether and his organization also engaged in firearms trafficking involving the illegal sale of firearms, machinegun-conversion devices, also known as “switches,” and “ghost guns.” “Ghost guns” are privately made firearms, often assembled from pre-made kits, that do not possess serial numbers or other identifying markings, which make the firearms difficult to trace back to the original purchaser and manufacturer. As part of his plea agreement, Meriwether agreed that he personally and illegally sold 18 firearms and 6 “switches.”  Below is a photograph from the court record of firearms recovered as a result of this investigation.

    As a result of the investigation, Meriwether was arrested in Indiana. Before his arrest, Meriwether led officers on a high-speed chase that lasted approximately 2 hours and involved Meriwether driving his vehicle the wrong way on a highway, endangering civilians and officers. Law enforcement ultimately recovered approximately 375 grams of para-fluorofentanyl combined with heroin, approximately 165 grams of methamphetamine, and approximately 29 grams of cocaine from Meriwether’s vehicle.

    “The conduct at issue in this case presented layer upon layer of danger to the community,” said Acting U.S. Attorney Frohling. “This individual and his organization not only distributed dangerous – potentially lethal — controlled substances but also further endangered others through the sale of switches and ghost guns. The sentence imposed in this case is the direct result of strong partnerships among federal and local agencies, supported by the North Central High Intensity Drug Trafficking Areas (HIDTA). I commend the agents, task force officers, and support personnel who worked tirelessly to build this investigation and hold Mr. Meriwether accountable for his actions.”

    “Meriwether’s possession and sale of fentanyl and Machine Gun Conversion Devices posed a dual threat to our communities,” stated Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Chicago Field Division Special Agent-in-Charge Christopher Amon. “Through the use of NIBIN and collaborations like those seen in the Waukesha County Drug Task Force, law enforcement was able to link firearms possessed by Meriwether to violent acts. 

    Taking him off the streets helps stop the flow of drugs and Machine Gun Conversion Devices into our communities, which reduces crime, protects residents, and fosters safer neighborhoods.”

    “The DEA and their partners from the Waukesha County Sheriff’s Department continue to relentlessly pursue dangerous fentanyl traffickers like Meriwether. The DEA is grateful to the Waukesha County Sheriff’s Department for their unwavering commitment to dismantle violent drug-trafficking organizations and keep our communities safe,” said U.S. Drug Enforcement Administration (DEA) Milwaukee District Office Assistant Special Agent in Charge John G. McGarry.

    “This investigation originated in a small Waukesha County community and through the hard work of our local Drug Task Force, and their partnership with federal law enforcement agencies, a criminal organization was dismantled.  These law enforcement relationships are paramount to effectively maintaining safety in our communities,” said Captain Tony Kasta, Waukesha County Drug Task Force.

    This prosecution was part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

               This matter was investigated by ATF, the Drug Enforcement Administration (DEA), and Waukesha County Drug Task Force, through a coordinated partnership supported by the North Central HIDTA. 

               In addition to the investigating agencies noted above, multiple law enforcement agencies participated in arrests, the execution of search warrants, and other matters related to the case, including the United States Marshals Service (USMS), the Wisconsin Department of Justice, Division of Criminal Investigation (WI DOJ-DCI), the Waukesha County Sheriff’s Department, the Milwaukee County Sheriff’s Department, the Washington County Sheriff’s Department, the Milwaukee Police Department, the West Allis Police Department, as well as the Indiana State Patrol, Vermillion County (Indiana) Sheriff’s Office, and the Vermillion County District Attorney’s Office. 

               The case was prosecuted by Assistant United States Attorneys Katherine Halopka-Ivery and Patricia Daugherty.

     

    MIL Security OSI –

  • MIL-OSI: ISO Recertification of xSuite Group’s ISM System

    Source: GlobeNewswire (MIL-OSI)

    Specialist in automated invoice processing successfully completes transition to the updated ISO 27001:2022 standard

    Ahrensburg, Germany – April 16, 2025. TÜV NORD affirms that xSuite Group, an international software manufacturer of applications for document-based processes, operates an information security management system (ISMS) in compliance with the requirements of ISO/IEC 27001:2022. The certificate covers xSuite’s development of software products (cloud and on-premises) for the procedural handling of inbound administrative documents in companies as well as supporting IT operations and other corporate functions.

    Following its initial certification in January 2023, xSuite has now completed the transition to the updated ISO 27001:2022 standard. This once again demonstrates the software manufacturer’s ability to operate an effective ISMS, as was confirmed as part of the latest surveillance audit. ISO/IEC 27001 is the leading international standard for ISMSs, making it one of the most important cyber security certifications. It specifies the conditions such a system must meet. The new certificate is now available and will be provided on request.

    With the transition to the revised standard, the xSuite Group is now drawing on the latest international standards to ensure information security. These specifically take into account current developments in the area of cyber security risks and up-to-date protective measures. The certification underscores the company’s ongoing commitment to the highest security standards and provides customers and partners with a reliable foundation for protecting their sensitive information.

    Matthias Lemenkühler, Chief Product & Technology Officer at xSuite: “The challenges posed by today’s cyber threat situation place high demands on software developers. We are therefore striving to continuously improve the security measures safeguarding our internal processes and products – and the successful transition to ISO 27001:2022 marks an important step in this direction.”

    The xSuite Group uses its company-wide ISMS to define and document all processes and structures, ensuring long-term information security through continuous improvement.

    About xSuite Group

    xSuite is a software manufacturer of applications for document-based processes and provides standardized, digital solutions worldwide that enable simple, secure, and fast work. We focus mainly on the automation of important work processes in conjunction with end-to-end document management. Our core competence lies in accounts payable (AP) automation in SAP (including
    e-invoicing), for leading companies worldwide, as well as for public clients.

    This is supplemented by applications for purchasing and order processes as well as archiving – all delivered from a single source, including both software components and services. xSuite solutions operate in the cloud or in hybrid scenarios.

    We take pride in the high-quality solutions we offer, as evidenced by the regular certifications we receive for our SAP solutions and deployment environments.” With over 300,000 users benefitting from our solutions, xSuite processes more than 80 million documents per year in over 60 countries.

    Founded in 1994 and headquartered in Ahrensburg, Germany, xSuite has around 300 staff across nine locations worldwide – in Europe, Asia, and the United States. Our company has an established information security management system that is certified in accordance with ISO 27001:2022.

    Contact:
    Barbara Wirtz
    xSuite Group GmbH
    Marketing & PR
    Tel. +49 (0)4102/88 38 36
    barbara.wirtz@xsuite.com
    www.xsuite.com

    The MIL Network –

  • MIL-OSI: Sagtec Global Limited (Nasdaq: SAGT) Successfully Deployed the First Batch of Speed+ Smart Cloud Ordering Software Licenses to Indonesia Sole Distributor

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, April 16, 2025 (GLOBE NEWSWIRE) — Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, announced today the successful deployment of the first batch of its Speed+ Smart Cloud Ordering Software licenses to Indonesia Sole Distributor, marking the Company’s official operational launch in the market.

    This shipment signifies the commencement of Sagtec’s rollout in Indonesia following the Company’s strategic push to expand its presence across Southeast Asia. The Speed+ system — a cloud-based ordering solution designed to digitalize operations for food and retail businesses — is set to empower businesses with tools for real-time order tracking, digital menus, integrated payment systems, and performance analytics.

    “The delivery of our first Speed+ licenses into Indonesia represents a strong validation of our product and regional strategy,” said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. “As digitalization accelerates across Asia, we are committed to providing high-impact solutions that help businesses stay agile, competitive, and efficient.”

    Speed+ is targeted at restaurants, cafés, and retail chains looking to optimize workflows, improve customer satisfaction, and increase order accuracy. It supports multi-device connectivity and can be customized to suit various operational sizes, from small outlets to multi-location chains.

    With Indonesia’s digital economy forecasted to reach US$60 billion by 2030, and the region’s cloud-based POS market growing at nearly 20% CAGR, this initial shipment lays the groundwork for long-term growth and adoption. Sagtec will continue to monitor local feedback, enhance its support infrastructure, and expand outreach to drive further deployments in the months ahead.

    About Sagtec Global Limited

    Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs).

    For more information on the Company, please log on to https://www.sagtec-global.com/.

    Contact Information:

    Sagtec Global Limited Contact:
    Ng Chen Lok
    Chairman, Executive Director & Chief Executive Officer
    Telephone +6011-6217 3661  
    Email: info@sagtec-global.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6da26f12-a824-4ec5-aa5c-1bfe44174c10

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3a80cea3-9455-458c-bd77-aaccfde3aa17

    The MIL Network –

  • MIL-OSI: Rocket Software Celebrates 35 Years of Innovation in IT Modernization

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., April 16, 2025 (GLOBE NEWSWIRE) — Rocket Software, a global technology leader in modernization software, is celebrating 35 years of innovation, growth, and excellence. Trusted by 43 of the Fortune 50, Rocket Software has grown from a start-up focused on enabling IBM solutions into a global enterprise driving the modernization efforts of over 12,500 customers and 750 partners. Founded in 1990 by Andy Youniss and Johan Magnusson Gedda, the company now proudly employs more than 3,200 employees worldwide. Over the decades, the company has modernized billions of lines of code, transformed countless databases, and helped organizations unlock the true potential of their IT infrastructure.

    “Rocket Software has been a catalyst for modernization—and we’re just getting started,” said Milan Shetti, president and CEO of Rocket Software. “We remain committed to bold innovation, empowering our global customers to solve complex IT challenges while modernizing without disruption. Our momentum is unstoppable, and we’re shaping the future of digital transformation. A heartfelt thank you to our incredible Rocketeers for their dedication over the past 35 years. Their hard work and passion are the foundation of our success, and together, we’ll continue to push the boundaries of innovation.”

    A Legacy of Innovation and Growth
    Over the last few years, the company has expanded its global partner program to include leading global system integrators, value-added resellers, and cloud service providers. While the company continues to grow its partner ecosystem, its relationship with IBM has deepened over 35 years. As a longtime IBM partner, the company has worked closely to enhance enterprise modernization solutions, helping businesses optimize their mission-critical IBM systems, ensuring seamless operations and future-ready innovation.

    “AI is fundamentally changing the mainframe experience, empowering developers, operations staff and business users,” said Skyla Loomis, General Manager, IBM Z Software. “IBM Z is built on a foundation of performance, resiliency and trust at the core to help clients create value from their mission-critical applications and data. Congratulations to Rocket Software on this anniversary. We look forward to innovating new AI use cases together that help our mutual clients take full advantage the newly released IBM z17.”

    Rocket Software has spent more than three decades modernizing IT infrastructure, applications, and data for some of the world’s most essential businesses. Building on this legacy, the company continues to drive innovation by helping organizations integrate with hybrid cloud environments, strengthen security, and unlock the power of metadata for AI and analytics-driven decision-making.

    Since its founding, the company has acquired many organizations, including Aldon, ASG Technologies, D3, Key Resources, Shadow, and Zephyr, strengthening its solutions and teams to better serve mission-critical industries such as banking, healthcare, manufacturing, and government. In 2024, the company completed the $2.275 billion acquisition of OpenText’s Application Modernization and Connectivity (AMC) business.

    A Culture of Excellence and Community Commitment
    The company’s success is driven by a strong culture, grounded in its core values of Empathy, Humanity, Trust, and Love. In line with its commitment to developing future software developers, the company established the NextGen Academy, a six-month program offering its employees the opportunity to take on full-time engineering roles. This program provides employees with valuable hands-on experience and mentorship from industry experts.

    To celebrate 35 years of growth, the company is hosting a Community Day on April 16. This initiative, which began over two decades ago, provides employees with dedicated time off to volunteer and create a positive impact in their communities. In recent years, its employees have donated thousands of hours to philanthropic projects around the world.

    Looking ahead, the company remains focused on its mission to help organizations modernize without disruption—today, tomorrow, and for many years to come.

    A Media Snippet accompanying this announcement is available by clicking on this link.

    About Rocket Software
    Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world’s leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,200 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and X or visit www.RocketSoftware.com.

    IBM is a trademark of International Business Machines Corporation.

    Media Contact
    Lacey Darrow
    ldarrow@rocketsoftware.com

    The MIL Network –

  • MIL-OSI: iRhythm Technologies Releases 2024 Corporate Sustainability Report That Demonstrates Ongoing Commitment to Culture of Quality and Sustainability

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, April 16, 2025 (GLOBE NEWSWIRE) — iRhythm Technologies, Inc. (NASDAQ:IRTC), a leading digital health care company focused on creating trusted solutions that detect, predict, and prevent disease, today announced that it has published its 2024 Corporate Sustainability Report, highlighting the company’s efforts to build a sustainable and inclusive future.

    “iRhythm’s core mission is to create a better world for patients by delivering better health and better insights through our trusted solutions and innovative technologies,” said Sumi Shrishrimal, iRhythm’s Chief Risk Officer and leader of Sustainability and Impact. “We accomplish this by being a responsible, ethical, and inclusive company dedicated to the highest standards of quality and excellence across our business as we execute upon our long-term strategic growth plan. I am so proud of the work our teams do every day, and our 2024 Corporate Sustainability Report reflects how we make cardiac monitoring more accessible, how we enable providers to better detect and prevent disease, and how we impact our communities as a global company.”

    The 2024 Corporate Sustainability Report details sustainability accomplishments across four key pillars:

    • Quality and Sustainable Technology Innovation highlights include enhancing our quality systems, improving our customers’ experience through Electronic Health Record (EHR) integration and innovative product launches, securing a strategic licensing agreement to advance connected patient care, and forming an Artificial Intelligence (“AI”) Governance Steering Committee to address AI risks and opportunities in alignment with the company’s strategic goals
    • Access and Health Equity highlights include expanding globally by launching commercially in four European countries (Austria, the Netherlands, Spain, and Switzerland) and receiving regulatory approval from the Japanese Pharmaceutical and Medical Device Agency for the Zio® 14-day, long-term continuous ECG monitoring system
    • Workforce and Inclusion highlights include refreshing our core values to define the workplace culture we would like to shape going forward, revising our code of conduct to provide employees with resources and guidance needed to operate with unquestionable integrity, and introducing new recognition opportunities to celebrate employees who elevate the company’s values through their work
    • Environmental Impact highlights include completing inventory of Scope 3 greenhouse gas emissions, achieving 89.5% landfill waste diversion across our operations, obtaining ISO 14001:2015 Environmental Management Systems Certification, completing a life cycle analysis (LCA) of our products, and being named to Newsweek’s list of America’s Greenest Companies for 2025

    For more information about iRhythm’s corporate sustainability efforts, please visit our Corporate Sustainability page here.

    About iRhythm Technologies
    iRhythm is a leading digital health care company that creates trusted solutions that detect, predict, and prevent disease. Combining wearable biosensors and cloud-based data analytics with powerful proprietary algorithms, iRhythm distills data from millions of heartbeats into clinically actionable information. Through a relentless focus on patient care, iRhythm’s vision is to deliver better data, better insights, and better health for all. To learn more, please visit https://www.irhythmtech.com/.

    Investor Contact
    Stephanie Zhadkevich
    investors@irhythmtech.com

    Media Contact
    Kassandra Perry
    irhythm@highwirepr.com

    The MIL Network –

  • MIL-OSI: Western Union Media Network Taps Magnite to Expand Advertising Capabilities

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) — Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced an agreement with Western Union to support growth of the financial services company’s new Media Network business. In doing so, Magnite will provide Western Union with technology to buy media as an advertiser and monetize its owned media.

    To further increase direct access to streaming inventory, Western Union Media Network is the first commerce media company to leverage Magnite’s ClearLine solution. ClearLine puts clients in control of the ad buying process by allowing them to purchase premium streaming inventory directly from publishers, maximizing Western Union’s working media budget. Magnite reaches 92 million CTV households in the US, accounting for 9 out of 10 ad-supported CTV households in the country.

    Magnite enables advertisers to tap into Western Union Media Network’s owned media properties and first-party insights. With Magnite’s technology, Western Union Media Network is monetizing its owned media properties spanning web, mobile, and in-app environments, including westernunion.com and its iOS and Android applications, which reach over 15 million US customers.

    Using Magnite’s Curator Marketplaces for self-serve audience extension, Western Union Media Network is providing its customers access to a multicultural audience leveraging anonymized transaction data against Magnite inventory. As a result, advertisers and agencies can access Western Union’s unique data and Magnite’s premium inventory, benefiting from precise targeting and streamlined programmatic workflows.

    Additionally, Western Union and Magnite have signed a supply-path optimization (SPO) agreement to streamline Western Union’s access to curated, premium omnichannel inventory.

    “Magnite’s expansive technology and service offerings make them a versatile partner that can help address our desire to grow our business,” said Chris Hammer, Senior Vice President, Western Union. “We are excited to see this collaboration continue to grow as we scale our Media Network business.”

    “We’re proud to support Western Union Media Network’s entry into advertising by helping them activate efficiently on all fronts,” said Stephanie Reustle, Head of Commerce Media at Magnite. “It’s great to see the advanced technology we’ve built for publishers and advertisers providing value to clients in new fields. We’ve seen the firsthand benefits of bringing sellers and buyers closer together and helping commerce media brands integrate into the landscape will bring additional advantages for all.”

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    About Western Union
    The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones, and their communities. Our leading cross-border, cross-currency money movement, payments, and digital financial services empower consumers, businesses, financial institutions, and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit www.westernunion.com.

    Media Contact:

    Kar Yi Lim
    klim@magnite.com

    Investor Relations Contact:

    Nick Kormeluk
    nkormeluk@magnite.com
    949-500-0003

    The MIL Network –

  • MIL-OSI Economics: ASEAN steps up efforts to boost regional infrastructure projects

    Source: ASEAN

    PUTRAJAYA, 11 April 2025 – ASEAN is stepping up efforts to improve and expand its regional infrastructure project pipeline. A Regional Workshop on Updating and Advancing the Initial Pipeline of ASEAN Infrastructure Projects was held on 9–10 April 2025 in Putrajaya, Malaysia, bringing together over 60 stakeholders from across ASEAN Member States and Timor-Leste.

    The Workshop was organised by the Lead Implementing Body for Sustainable Infrastructure (LIB-SI) and supported by the Australian Government through the Australia for ASEAN Futures (Aus4ASEAN Futures) Initiative.

    Participants included officials, project owners, and experts from infrastructure, transport, energy, digital, finance, and smart cities sectors. They shared updates on potential projects for the updated Pipeline of ASEAN Infrastructure Projects. Further, they exchanged ideas on how to make these projects more relevant, resilient, bankable, and ready for future investment. The Workshop also provided insights into trends and developments in infrastructure financing, as well as challenges and opportunities in the transport, energy, and digital infrastructure sectors across the region.

    During the opening remarks, LIB-SI Chair H.E. Dato’ Nor Azmie Bin Diron, Secretary General, Ministry of Economy, Malaysia, reiterated the importance of sustainable infrastructure in enhancing ASEAN Connectivity. “Sustainable infrastructure is at the heart of ASEAN’s vision for greater integration and connectivity. As we face the challenges of climate change and rapid urbanisation, it is clear that building resilient, environmentally-friendly infrastructure is key to supporting long-term growth and improving the lives of our people. By working together on sustainable solutions, we not only enhance regional connectivity but also create stronger economic ties and more inclusive opportunities for all ASEAN nations.” 

    The Initial Pipeline of ASEAN Infrastructure Projects was developed in 2019 to support ASEAN Member States in identifying, assessing, and prioritising infrastructure projects that can drive ASEAN Connectivity, enhancing the movements of people, goods, services, and innovation across the region. LIB-SI has continued to intensify efforts through collaboration with partners to advance and update the Initial Pipeline, considering emerging trends, challenges, and priorities. As projects evolve over time, new projects could be added and/or existing projects completed or withdrawn from the Pipeline as appropriate.

    The Workshop marked a strong step forward in ASEAN’s ongoing commitment to building infrastructure that is sustainable, inclusive, and ready for the future and all, he added.

    ***

    Images Credit: ASEAN Secretariat
    The post ASEAN steps up efforts to boost regional infrastructure projects appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: RBI cancels the licence of Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI), vide order April 15, 2025, has cancelled the licence of “Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat”. Consequently, the bank ceases to carry on banking business with effect from the close of business on April 16, 2025. Registrar of Cooperative Societies, Gujarat has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

    The Reserve Bank cancelled the licence of the bank as:

    1. The bank does not have adequate capital and earning prospects. As such, it does not comply with the provisions of Section 11(1) and Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949.

    2. The bank has failed to comply with the requirements of Sections 22(3)(a), 22(3)(b), 22(3)(c), 22(3)(d) and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949;

    3. The continuance of the bank is prejudicial to the interest of the depositors;

    4. The bank with its present financial position would be unable to pay its present depositors in full; and

    5. Public interest would be adversely affected if the bank is allowed to carry on its banking business any further.

    2. Consequent to the cancellation of its licence “Colour Merchants Co-operative Bank Ltd., Ahmedabad, Gujarat” is prohibited from conducting the business of ‘banking’ which includes, among other things, acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.

    3. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5,00,000/- (Rupees five lakh only) from Deposit Insurance and Credit Guarantee Corporation (DICGC) subject to the provisions of DICGC Act, 1961. As per the data submitted by the bank, about 98.51% of the depositors are entitled to receive full amount of their deposits from DICGC. As on March 31, 2024, DICGC has already paid ₹13.94 crore of the total insured deposits under the provisions of Section 18A of the DICGC Act, 1961 based on the willingness received from the concerned depositors of the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/119

    MIL OSI Economics –

  • MIL-OSI Global: Donald Rodney: Visceral Canker – noteworthy retrospective of an artist as ambitious as he was audacious

    Source: The Conversation – UK – By Richard Hylton, Lecturer in Contemporary Art, SOAS, University of London

    Donald Rodney’s art (1961-98) has been familiar to me for many years. But only rarely has it been possible to experience, at close quarters, anything approximating the sheer range and depth of his practice. In his first retrospective exhibition in over a decade and a half, Rodney’s remarkable work is given the platform it deserves.

    Spanning painting, drawing, oil pastels, photography, sculptural assemblages, installation and computer-generated art, Donald Rodney: Visceral Canker at London’s Whitechapel Gallery reveals an artist who was ambitious and prolific, audacious and innovative. An anathema to today’s market-driven art world.

    Invention was central to Rodney’s inimitable practice, but it was also integral to his life and upbringing. Growing up in what was often a racially and socially fractured Britain became central to his artistic concerns.

    Born in West Bromwich in 1961, Rodney was the youngest child of Harold and Iris, Jamaican immigrants, who settled in Britain in the late 1950s. They, like many postwar Caribbean arrivals, had to invent a new way of living and of surviving.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Rodney was brought up in Smethwick, a district on the outskirts of Birmingham. During the 1964 general election it became notorious for an anti-immigrant campaign led and won by Conservative MP Peter Griffiths. He helped set the stage for later, more extreme acts of racism – including new immigration laws meant to limit Black immigration, Enoch Powell’s Rivers of Blood speech, and the rise of the far-right National Front.

    However, by the 1970s and early 1980s, as Black children were becoming adults, new forms of British political and cultural identity were being fomented. This included an outpouring of artistic expression in Britain.

    With the likes of fellow art student Keith Piper, Rodney became part of the first generation of British-born Black students to attend art school in the UK, heralding a new chapter in British art.

    The painting How the West Was Won (1982) is named after John Ford’s epic western from 1962. It’s the earliest example of Rodney’s fledgling ability to sample and incorporate a wide variety of sources in his work – from Hollywood film and childhood memories of “cowboys and Indians”, to reimagining the cover of post-punk band Gang of Four’s influential debut album Entertainment (1979).

    Rodney’s composition used child-like mark-markings, vivid colours and crude portraiture, typifying a certain irreverence towards “proper” painting.

    While at Slade School of Fine Art between 1985-87, Rodney began making works using discarded X-rays.

    Visually alluring, these anonymous X-rays became his canvas. The House That Jack Built (1987), included in this exhibition, involved meticulous scalpel incisions of words and elaborate prose. X-ray was used as a metaphor for looking beneath the surface of images and society to better understand the workings of inequality and racism.

    The sculptural work Doublethink (1992), remade for this retrospective, comprises over 100 cheap sporting trophies, each emblazoned with shocking racial insults. These are intended to explore the paradoxes and pathologies of race-based discrimination.

    Rodney took his title from George Orwell’s dystopian novel Nineteen Eighty-Four, in which the language of Newspeak produces “doublethink”, a process in which two opposing ideas are truths, such as “ignorance is strength”. This, once again, demonstrates his capacity for invention.

    Self-portrait as social critique

    Nothing typified that capacity for invention more than Rodney’s approach to self-portraiture, which was often a conduit for wider social and political commentary.

    Rodney suffered from the hereditary blood disorder sickle cell anaemia. The relationship between his illness and art has routinely misunderstood to the detriment of his artistic ingenuity. Being X-rayed, having regular blood transfusions and invasive surgery were Rodney’s personal experiences. Transfigured into art, such medical predicaments became conduits for reinterpreting history and contemporary society.

    Visceral Canker (1990) is a circulatory blood pumping system overlaid on fabricated heraldic shields of Elizabeth I and slave trader Sir John Hawkins. It explored the intertwined relationships between Rodney’s Black British identity, slavery and British history.

    The photographic light-box Self Portrait: Black Men, Public Enemy (1990) and the analogue slide projection Cataract (1991) sought to question the perpetual representation of Black men in British society as criminal and deviant. Psalms (1997) is a poignant and affecting self-portrait in which an unoccupied and computer-powered wheelchair moves eerily in response to the gallery visitor.

    Rodney’s art-making process was resourceful. For example, the production of his important large oil pastel drawings on X-rays, including Britannia Hospital 2 (1988), were made in sections. This enabled Rodney to work at scale at a desk at home or in hospital.

    The photographic work In the House of My Father (1997), depicting a minuscule house made of the artist’s skin, was shot in King’s College hospital, London. Rodney was also a master at enlisting the active support from family, friends and associates to realise the production of entire exhibitions, including 9 Night in Eldorado (1997).

    The Whitechapel Gallery show is the final leg of a three-gallery tour which began in 2024. It was first presented at Spike Island, Bristol, the city in which Rodney first exhibited in 1982, followed by Nottingham Contemporary where he studied fine art as an undergraduate at Trent Polytechnic between 1981-85.

    London was where Rodney lived for most of his 16-year career. This retrospective brings together nearly all of the artist’s surviving works. However, about two-thirds of Rodney’s artistic output work has either been lost or destroyed. This does not diminish the retrospective but imbues archival material held by his estate and public collections with particular significance.

    The prominent role assigned to sketchbooks, working drawings and the screening of Three Songs on Pain, Light and Time (1995), directed by the Black Audio Film Collective, play an important supplementary role in narrating Rodney’s singular practice.

    Donald Rodney: Visceral Canker is at the Whitechapel Gallery until May 4.

    Richard Hylton 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. Donald Rodney: Visceral Canker – noteworthy retrospective of an artist as ambitious as he was audacious – https://theconversation.com/donald-rodney-visceral-canker-noteworthy-retrospective-of-an-artist-as-ambitious-as-he-was-audacious-254535

    MIL OSI – Global Reports –

  • MIL-OSI Global: The role of carbon dioxide in airborne disease transmission: a hidden key to safer indoor spaces

    Source: The Conversation – UK – By Allen Haddrell, Senior Research Associate, School of Chemistry, University of Bristol

    Pixel-Shot/Shutterstock

    We’ve long known that environmental factors – from humidity and temperature to trace chemical vapours – can influence how pathogens, such as viruses, bacteria and fungi, behave once released into the air. These tiny droplets of respiratory fluid, or aerosols, carry viruses and bacteria and can float for minutes or even hours. But while we’ve been busy focusing on physical distancing and surface cleaning, a quieter factor may have been playing a much bigger role in airborne disease transmission all along: carbon dioxide (CO₂).

    During the pandemic, we studied what happens to a virus when it travels through the air in tiny droplets from our breath – known as aerosols. In earlier research, we found that the droplet’s pH (how alkaline it is) can affect how quickly the virus loses its ability to infect people. Our more recent research, though, suggests that CO₂ levels in indoor air may significantly affect how long viruses survive once airborne – and the implications are profound.

    Airborne virus survival

    When someone coughs, sneezes, talks or sings, they release microscopic droplets into the air. These droplets start out in a warm, moist and CO₂-rich environment inside the lungs, where CO₂ levels reach a staggering 38,000 parts per million (ppm). Once expelled, they encounter the cooler, drier and typically much lower-CO₂ environment of indoor or outdoor air. This rapid change triggers a chain reaction inside the droplet.

    One key component inside these droplets is bicarbonate, which acts as a buffer and is formed when CO₂ dissolves in liquid. As CO₂ diffuses out of the droplet into the air, bicarbonate leaves with it. This causes the droplet’s pH to rise – becoming increasingly alkaline, sometimes reaching pH 10.

    Why does this matter? Viruses like COVID-19 don’t like alkaline environments. As the pH rises, their ability to infect decreases. In other words, the higher the pH, the quicker the virus becomes inactive. However, when the ambient CO₂ concentration is high, this pH shift is delayed or minimised, meaning the virus remains in a more hospitable environment – and stays infectious longer.

    Droplets suspended in Celebs technology, used to study airborne microbe behavior. Photo credit: Allen Haddrell

    What role does CO₂ play?

    While CO₂ doesn’t transmit viruses itself, it acts as a proxy for indoor crowding and poor ventilation. The more people in a space, the more CO₂ builds up from exhaled breath. When there isn’t enough ventilation, these levels stay high as do the chances that airborne viruses can linger longer and infect others.

    Outdoor CO₂ levels are around 421ppm, but in crowded or poorly ventilated spaces, indoor levels can easily exceed 800ppm. That’s the tipping point identified in the study, where the air starts allowing droplets to maintain a lower pH, increasing the survival time of viruses. In the 1940s, global CO₂ levels were much lower – around 310ppm – meaning indoor air offered less of a survival advantage to airborne pathogens.

    Looking ahead, climate projections estimate CO₂ levels could reach 685ppm by 2050, making this issue not only one of pandemic response but also of climate and public health policy. If we don’t address this now, we may be heading into a future where viruses survive longer in the air due to everyday indoor conditions.

    How exhaled aerosol pH increases to alkaline levels after exhalation. Bicarbonate evaporates as CO₂, leaving behind an inhospitable environment for viruses—unless there’s more CO₂ in the air. Illustration: Allen Haddrell

    Can we fix it?

    The good news? These findings suggest solutions we can implement right now.

    First, improve indoor ventilation. Increasing airflow and introducing outdoor air into enclosed spaces dilutes both CO₂ levels and any virus-containing aerosols. This simple change can significantly reduce the risk of airborne transmission – not just for COVID-19, but for future respiratory viruses as well.

    And, in the not-too-distant future, we might have indoor carbon capture technology. These devices, which are still being developed, could help remove excess CO₂ from the air, especially in hospitals, classrooms and public transport where the risk of spreading illness is higher.

    Also, monitoring indoor CO₂ levels using affordable sensors can empower individuals, schools and businesses to assess the indoor air quality and adjust the ventilation accordingly. If CO₂ levels rise above safe thresholds (often considered about 800ppm), it’s time to open windows, use air purifiers or ask some people to leave the room.

    This research reshapes the way we think about air quality. It’s no longer just about stuffiness or comfort – it’s about infection risk. As we face rising global CO₂ levels and continue to recover from the COVID pandemic, it’s clear that managing indoor air environments is essential to public health.

    By taking CO₂ seriously – not just as a climate metric but as a health indicator – we have a unique opportunity to reduce disease transmission in our everyday environments. Because when it comes to viruses in the air, the air itself might be our greatest ally – or our biggest threat.

    Allen Haddrell receives funding from the BBSRC and EPSRC.

    Henry Oswin previously received funding from the BBSRC and EPSRC, and currently receives funding from the Australian Research Council.

    – ref. The role of carbon dioxide in airborne disease transmission: a hidden key to safer indoor spaces – https://theconversation.com/the-role-of-carbon-dioxide-in-airborne-disease-transmission-a-hidden-key-to-safer-indoor-spaces-229142

    MIL OSI – Global Reports –

  • MIL-OSI United Nations: 16 April 2025 Departmental update Global momentum builds: World Health Organization (WHO) convenes second Global Clinical Trials Forum to drive efficiency and impact, accelerate clinical trials

    Source: World Health Organisation

    A future where clinical trials are faster, more inclusive and directly embedded in health systems came closer to reality as over 100 global stakeholders gathered at WHO headquarters in Geneva for the second Global Clinical Trials Forum (GCTF). This was a pivotal event accelerating the implementation of WHO’s Guidance for Best Practices for Clinical Trials and the vision of World Health Assembly Resolution WHA75.8.

    Themed “Action for Impact,” this year’s Forum marked a significant step in translating global standards into national reforms and institutional workplans. Participants included national health research governance agencies, clinical trial regulators and ethics bodies, funders, civil society organizations, academic institutions and industry leaders.

    Turning guidance into action

    The Forum came at a crucial moment, just months after the launch of WHO’s Guidance for Best Practices for Clinical Trials in September 2024, and amid final preparations for the release of the Global Action Plan for Clinical Trial Ecosystem Strengthening (GAP-CTS). This action plan, built on stakeholder consultations between 2022 and 2025, outlines tangible, measurable steps to strengthen trial governance, infrastructure, workforce and inclusion across diverse settings.

    Centring people and ethics in research

    A major theme of the Forum was putting people at the centre of clinical research. With new WHO guidance aligned to the revised Declaration of Helsinki, the Forum spotlighted patient involvement, diversity, and equity – not as add-ons but as cornerstones of good science.

    Inclusion is not optional. It’s central to generating reliable, actionable evidence that serves all populations.

    From global commitments to national action

    The Forum featured powerful examples of national reform. Case studies from Canada, Indonesia, Malaysia, Nigeria, Pakistan and South Africa showcased how countries are adopting WHO guidance to transform their clinical research ecosystems. This includes removing unnecessary bureaucracy, digitizing submission systems, setting up single research ethics committee models, embedding patient involvement and community engagement structures, and providing one-stop shops for sponsors to discuss how to navigate clinical trial systems. These case studies illustrated how countries are localizing global guidance to fit their contexts, demonstrating that change is possible and already underway.

    Participants engaged in a series of technical sessions and breakout groups to co-develop 12–18-month workplans aligned to the nine pillars of the GAP-CTS, including:

    • strengthening national ecosystems and leadership
    • expanding inclusive training initiatives
    • addressing barriers faced by underrepresented populations
    • embedding trials into health systems
    • scaling up digital solutions and registry transparency
    • enabling adoption of innovative trial designs
    • advancing international collaboration.

    Looking ahead

    WHO will continue to support countries and partners that are prioritizing clinical research strengthening as part of their health systems strengthening and public health preparedness. Translation of WHO Guidance into WHO official languages is underway, and regional workplans will be developed in partnership with WHO regional offices.

    As countries and organizations move from commitments to concrete actions, the GCTF provides a powerful platform for collaboration, peer learning and collective impact, ensuring that clinical trials are ethical, inclusive, scientifically sound and built for real-world relevance, and benefiting all people, everywhere.

    MIL OSI United Nations News –

  • MIL-OSI China: Xi urges joint efforts to build high-level strategic China-Malaysia community with shared future

    Source: China State Council Information Office

    Chinese President Xi Jinping attends a welcome ceremony held by Malaysian King Sultan Ibrahim Sultan Iskandar in Kuala Lumpur, Malaysia, April 16, 2025. Xi met with Malaysian King Sultan Ibrahim Sultan Iskandar at the National Palace in Kuala Lumpur on Wednesday. [Photo/Xinhua]

    Chinese President Xi Jinping said Wednesday that China is ready to work with the Malaysian side to build a high-level strategic China-Malaysia community with a shared future, so as to usher in new “Golden 50 Years” for bilateral ties.

    Xi made the remarks when meeting with Malaysian King Sultan Ibrahim Sultan Iskandar during a state visit to the country. Prior to their meeting, Sultan Ibrahim held a grand welcome ceremony for Xi.

    During the meeting, Xi pointed out that China and Malaysia are good neighbors, good friends and good partners who visit each other as often as family. Bilateral relations have gone through a magnificent half-century and are embracing an even brighter future, he added.

    Xi said he is ready to work with Sultan Ibrahim, the Malaysian supreme head of state, to lead the long-term and stable development of China-Malaysia ties, and write a new chapter in good-neighborliness, friendship, solidarity and cooperation.

    China and Malaysia should continue to deepen political mutual trust and support each other on issues concerning their respective core interests and major concerns, Xi said.

    The two sides should deepen the synergy of development strategies, draw on each other’s strengths for mutual benefit and win-win results, and jointly pursue modernization, he said.

    He called on the two sides to ensure good implementation of major projects such as the “Two Countries, Twin Parks” program and the East Coast Rail Link, and to actively foster cooperation in future industries such as artificial intelligence, digital economy and green economy.

    China welcomes more high-quality Malaysian agricultural products to the Chinese market, and encourages Chinese enterprises to invest in Malaysia, he said.

    China stands ready to promote the Confucian-Islamic civilizational dialogue with Malaysia and to carry out further cooperation with Malaysia in culture, tourism and education to enhance people-to-people exchanges between the two countries, said the Chinese president.

    China supports Malaysia in its role as the ASEAN chair and stands ready to work with Malaysia to implement the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative, Xi said.

    He also urged joint efforts to promote the Global South’s pursuit of solidarity-driven collective advancement and common development, so as to contribute more certainty and positive energy to the region and the world.

    For his part, Sultan Ibrahim said that President Xi’s state visit to Malaysia is a major event in bilateral relations, which fully demonstrates the high level of Malaysia-China relations, adding that his successful visit to China last September is still fresh in his memory.

    Sultan Ibrahim said he believes that Xi’s visit will comprehensively upgrade bilateral relations and promote vigorous development of cooperation in various fields, adding that China’s impressive development achievements are attributable to the foresight of President Xi and the hard work of the Chinese people.

    Malaysia attaches great importance to its relations with China and will join hands to forge ahead for win-win cooperation and promote the building of the high-level strategic China-Malaysia community with a shared future no matter how the international landscape evolves, he said.

    Malaysia attaches importance to regional economic integration, firmly supports the Belt and Road Initiative, and is ready to strengthen trade and investment cooperation with China, jointly stabilize industrial and supply chains, enhance connectivity and boost people-to-people and educational exchanges, said Sultan Ibrahim.

    The Malaysian side speaks highly of China’s central conference on work related to neighboring countries held recently and values China’s important role in addressing global and regional challenges, he said.

    As the rotating chair of ASEAN and country coordinator for ASEAN-China Dialogue Relations, Malaysia is committed to promoting greater development of ASEAN-China ties and jointly building a peaceful and prosperous future, he added.

    After the meeting, Xi attended the welcome banquet held by Sultan Ibrahim.

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    MIL OSI China News –

  • MIL-OSI Asia-Pac: More imported air workers approved

    Source: Hong Kong Information Services

    The Transport & Logistics Bureau today issued letters to inform applicants about the results of the third round of applications to the “Labour Importation Scheme for the Transport Sector – Aviation Industry”.

    The bureau said that during the application period a total of 34 eligible companies submitted applications, involving requests to import 3,292 workers across all 10 job types under the scheme. Of these, 2,206 were approved.

    In vetting and approving applications, an interdepartmental liaison group took into consideration factors such as applicants’ business development needs and the requirements of the scheme, the bureau added.

    Upon conclusion of the exercise, all 6,300 places under the scheme have been approved.

    The bureau said it will announce details on further aspects of the scheme, including arrangements in relation to the expiry of imported workers’ employment contracts, in due course.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Poll shows Australians hate Trump policies and have lost trust in US, but still strongly believe in alliance

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Australians strongly disagree with key policies of US President Donald Trump, and have overwhelmingly lost trust in the United States to act responsibly in the world, according to the Lowy Institute’s 2025 poll.

    Despite this, 80% of people say the alliance is “very” or “fairly” important for Australia’s security, only fractionally down on last year’s 83%.

    The poll also found people nearly evenly divided on whether Peter Dutton (35%) or Anthony Albanese (34%) would be the better leader to manage Australia’s relations with Trump.

    But Albanese rated much more strongly than Dutton as better able to manage Australia’s relationship with China and President Xi Jinping (45% to 25%).

    Albanese was also well ahead (41%-29%) when people were asked who would be more competent at handling Austrlaia’s foreign policy over the next three years.

    The poll comes as the “Trump effect” has overshadowed the campaign, and increasingly worked against Dutton. Labor has cast Dutton as having looked to the US for policies, such as his proposed cuts to the public service. It has labelled him “DOGEy Dutton”, a reference to Elon Musk’s so-called Department of Government Efficiency (DOGE).

    The Lowy poll of 2,117 people was taken between March 3 and 16. This was after Trump had announced plans for a 25% tariff on steel and aluminium imports, and other tariffs, but before his “Liberation Day” regime which saw a 10% general tariff hitting all countries.

    Trust in the US has plummeted since the last Lowy poll in 2024, with nearly two-thirds of respondents (64%) having little or no trust in the US to act responsibly in the world, compared with 44% a year before.

    This is a new low in the poll’s two-decade history. Trust fell dramatically among older voters. Trust was already relatively low among younger voters, and fell by a smaller margin.

    On various Trump stances, the poll found Australians most disapproving (89%) of Trump’s pressure on Denmark to sell or or hand over its self-governing territory of Greenland to the US.

    More than eight in ten (81%) disapproved of Trump’s use of tariffs to pressure other countries to comply with his administration’s objectives.

    Three-quarters disapproved of the US withdrawing from the World Health Organization (76%) and from international climate change agreements (74%).

    In addition, three-quarters (74%) disapproved of Trump negotiating a deal on the future of Ukraine with Russian President Vladimir Putin that might require Ukraine to accept a loss of territory. The dramatic Oval Office showdown between Ukrainian President Volodymyr Zelensky and US Vice President JD Vance took place just before the survey.

    Australians also disapproved of the US cutting spending on foreign aid (64%) and undertaking mass deportations of undocumented migrants (56%).

    On Trump’s demand that US allies spend more on defence people were, however, evenly divided (49% approved/disapproved).

    Michelle Grattan 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. Poll shows Australians hate Trump policies and have lost trust in US, but still strongly believe in alliance – https://theconversation.com/poll-shows-australians-hate-trump-policies-and-have-lost-trust-in-us-but-still-strongly-believe-in-alliance-254587

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: MOFA response to NATO-Japan joint statement stressing importance of cross-strait peace and stability

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to NATO-Japan joint statement stressing importance of cross-strait peace and stability

    • Date：2025-04-11
    • Data Source：TAIWAN-JAPAN RELATIONS ASSOCIATION

    April 11, 2025 

    Secretary General of the North Atlantic Treaty Organization (NATO) Mark Rutte held a bilateral meeting with Prime Minister of Japan Shigeru Ishiba in Tokyo on April 9. In a joint statement issued after the meeting, the two sides strongly opposed any unilateral attempts to change the status quo by force or coercion in the East China Sea and the South China Sea. They also emphasized the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of the international community’s security and prosperity and encouraged the peaceful resolution of cross-strait issues. Furthermore, the statement recognized that the security of the Euro-Atlantic and that of the Indo-Pacific were interconnected, stressing that continued Japan-NATO cooperation would benefit the security of both regions. 

     

    This Japan-NATO bilateral meeting was the first since Secretary General Rutte assumed office. It also marked the third time since 2022 that the two sides had issued a joint statement conveying a high level of concern over cross-strait issues. The joint statement underscored the fact that the security of Taiwan has become a common global issue and that the international community has formed a high level of consensus on countering authoritarian expansion led by China and Russia and on ensuring peace across the Taiwan Strait. In addition, it demonstrated that cross-strait peace and stability are closely related to not only the security environment of the Indo-Pacific but also that of Europe. 

     

    Minister of Foreign Affairs Lin Chia-lung sincerely appreciates and welcomes the support for cross-strait peace and stability that NATO and Japan expressed at their meeting. The Ministry of Foreign Affairs reiterates that Taiwan, as an important country in the Indo-Pacific and a responsible member of the international community, will continue to work closely with allied nations to maintain a free and open Indo-Pacific; uphold the rules-based international order; and safeguard regional and world peace, stability, and prosperity.

    MIL OSI China News –

  • MIL-OSI China: MOFA response to display of Nazi symbol and salute at New Taipei District Prosecutors Office

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA response to display of Nazi symbol and salute at New Taipei District Prosecutors Office

    • Date：2025-04-16
    • Data Source：Department of West Asian and African Affairs

    April 16, 2025  

     

    The Ministry of Foreign Affairs (MOFA) has noted that a Taiwanese national wearing a swastika armband and holding a copy of Adolf Hitler’s Mein Kampf made a Nazi salute at the New Taipei District Prosecutors Office on April 15. Like most other countries, Taiwan firmly rejects Nazi symbols, which represent an ideology of prejudice and hatred that led to the historic tragedy of the Holocaust. Many nations have also explicitly banned the use of such symbols. MOFA strongly condemns this highly inappropriate method of expressing personal opinion.

     

    MOFA reiterates that Taiwan is a country that respects freedom, democracy, and the rule of law. The constitution protects people’s right to express their opinions and exercise freedom of speech. MOFA urges the people of Taiwan to recognize the negative associations and historical trauma attached to Nazi symbols and gestures within the international community. It calls on the public not to bring distress to people of other countries, tarnish Taiwan’s international reputation, and engage in counterproductive forms of expression.

     

    MOFA sincerely hopes that the people and government of Taiwan will work together to actively demonstrate tolerance for different cultures, religions, and ethnic groups of the world. It looks forward to everyone jointly striving for a brighter and more inclusive future.

    MIL OSI China News –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on TSLY (101.76%), CRSH (100.89%), ULTY (76.45%), LFGY (65.07%), FEAT (61.22%), and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, MILWAUKEE and NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group A ETFs listed in the table below.

    ETF
    Ticker1    		 ETF Name Distribution Frequency Distribution
    per Share    		 Distribution Rate2,4 30-Day
    SEC Yield3    		 ROC5 Ex-Date & Record
    Date    		 Payment
    Date
    CHPY YieldMax™ Semiconductor Portfolio Option Income ETF Weekly $0.3627 – – 84.42% 4/17/25 4/21/25
    GPTY YieldMax™ AI & Tech Portfolio Option Income ETF Weekly $0.2545 34.59% 0.00% 63.04% 4/17/25 4/21/25
    LFGY YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF Weekly $0.4307 65.07% 0.00% 35.49% 4/17/25 4/21/25
    QDTY YieldMax™ Nasdaq 100 0DTE Covered Call ETF Weekly $0.3320 43.93% 0.00% 100.00% 4/17/25 4/21/25
    RDTY YieldMax™ R2000 0DTE Covered Call ETF Weekly $0.3745 46.65% 0.00% 100.00% 4/17/25 4/21/25
    SDTY YieldMax™ S&P 500 0DTE Covered Call ETF Weekly $0.3085 38.91% 0.00% 100.00% 4/17/25 4/21/25
    ULTY YieldMax™ Ultra Option Income Strategy ETF Weekly $0.0852 76.45% 2.21% 99.18% 4/17/25 4/21/25
    YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Weekly $0.0943 33.85% 69.89% 65.96% 4/17/25 4/21/25
    YMAX YieldMax™ Universe Fund
    of Option Income ETFs    		 Weekly $0.1334 54.00% 96.57% 54.97% 4/17/25 4/21/25
    CRSH YieldMax™ Short TSLA Option Income Strategy ETF Every 4 weeks $0.5616 100.89% 1.79% 0.00% 4/17/25 4/21/25
    FEAT YieldMax™ Dorsey Wright Featured 5 Income ETF Every 4 weeks $1.6435 61.22% 108.54% 0.00% 4/17/25 4/21/25
    FIVY YieldMax™ Dorsey Wright Hybrid 5 Income ETF Every 4 weeks $1.0283 37.65% 69.37% 0.00% 4/17/25 4/21/25
    GOOY YieldMax™ GOOGL Option Income Strategy ETF Every 4 weeks $0.3729 40.07% 4.67% 90.74% 4/17/25 4/21/25
    OARK YieldMax™ Innovation Option Income Strategy ETF Every 4 weeks $0.2923 51.17% 3.51% 93.61% 4/17/25 4/21/25
    SNOY YieldMax™ SNOW Option Income Strategy ETF Every 4 weeks $0.6864 59.94% 3.01% 94.51% 4/17/25 4/21/25
    TSLY YieldMax™ TSLA Option Income Strategy ETF Every 4 weeks $0.6598 101.76% 3.87% 96.85% 4/17/25 4/21/25
    TSMY YieldMax™ TSM Option Income Strategy ETF Every 4 weeks $0.5635 51.83% 3.61% 16.38% 4/17/25 4/21/25
    XOMO YieldMax™ XOM Option Income Strategy ETF Every 4 weeks $0.3500 34.91% 3.18% 90.74% 4/17/25 4/21/25
    YBIT YieldMax™ Bitcoin Option Income Strategy ETF Every 4 weeks $0.4110 53.00% 1.52% 30.49% 4/17/25 4/21/25
    Weekly Payers & Group B ETFs scheduled for next week: CHPY GPTY LFGY QDTY RDTY SDTY UTLY YMAG YMAX BABO DIPS FBY GDXY JPMO MARO MRNY NVDY PLTY
     

    Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling (833) 378-0717.

    Note: DIPS, FIAT, CRSH, YQQQ and WNTR are hereinafter referred to as the “Short ETFs.”

    Distributions are not guaranteed. The Distribution Rate and 30-Day SEC Yield are not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    1 All YieldMax™ ETFs shown in the table above (except YMAX, YMAG, FEAT, FIVY and ULTY) have a gross expense ratio of 0.99%. YMAX, YMAG and FEAT have a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.99% for a gross expense ratio of 1.28%. FIVY has a Management Fee of 0.29% and Acquired Fund Fees and Expenses of 0.59% for a gross expense ratio of 0.88%. “Acquired Fund Fees and Expenses” are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, namely other YieldMax™ ETFs. ULTY has a gross expense ratio after the fee waiver of 1.30%. The Advisor has agreed to a fee waiver of 0.10% through at least February 28, 2026.

    2 The Distribution Rate shown is as of close on April 15, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

    3 The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended March 31, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

    4 Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.
    5  ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For YMAX, click here. For YMAG, click here. For TSLY, click here. For OARK, click here. For APLY, click here. For NVDY, click here. For AMZY, click here. For FBY, click here. For GOOY, click here. For NFLY, click here. For CONY, click here. For MSFO, click here. For DISO, click here. For XOMO, click here. For JPMO, click here. For AMDY, click here. For PYPY, click here. For XYZY, click here. For MRNY, click here. For AIYY, click here. For MSTY, click here. For ULTY, click here. For YBIT, click here. For CRSH, click here. For GDXY, click here. For SNOY, click here. For ABNY, click here. For FIAT, click here. For DIPS, click here. For BABO, click here. For YQQQ, click here. For TSMY, click here. For SMCY, click here. For PLTY, click here. For BIGY, click here. For SOXY, click here. For MARO, click here. For FEAT, click here. For FIVY, click here. For LFGY, click here. For GPTY, click here. For CVNY, click here. For SDTY, click here. For QDTY, click here. For WNTR, click here. For CHPY, click here.

    Important Information

    This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Referenced Index Risk. The Fund invests in options contracts that are based on the value of the Index (or the Index ETFs). This subjects the Fund to certain of the same risks as if it owned shares of companies that comprised the Index or an ETF that tracks the Index, even though it does not.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    Russell 2000 Index Risks. The Index, which consists of small-cap U.S. companies, is particularly susceptible to economic changes, as these firms often have less financial resilience than larger companies. Market volatility can disproportionately affect these smaller businesses, leading to significant price swings. Additionally, these companies are often more exposed to specific industry risks and have less diverse revenue streams. They can also be more vulnerable to changes in domestic regulatory or policy environments.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. 

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, or their respective affiliates and is not involved with this offering in any way.

    Risk Disclosures (applicable only to GPTY)

    Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory, and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

    Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

    Risk Disclosure (applicable only to MARO)

    Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting, and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions. 

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA, MSTR), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole. 

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to CHPY)

    Semiconductor Industry Risk. Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on their profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Semiconductor companies’ supply chain and operations are dependent on the availability of materials that meet exacting standards and the use of third parties to provide components and services.

    The products of semiconductor companies may face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for the services of qualified personnel. Capital equipment expenditures could be substantial, and equipment generally suffers from rapid obsolescence. Companies in the semiconductor industry are heavily dependent on patent and intellectual property rights. The loss or impairment of these rights would adversely affect the profitability of these companies.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI Asia-Pac: MOFA response to NATO-Japan joint statement stressing importance of cross-strait peace and stability

    Source: Republic of China Taiwan

    MOFA response to NATO-Japan joint statement stressing importance of cross-strait peace and stability

    Date：2025-04-11
    Data Source：TAIWAN-JAPAN RELATIONS ASSOCIATION

    April 11, 2025 

    Secretary General of the North Atlantic Treaty Organization (NATO) Mark Rutte held a bilateral meeting with Prime Minister of Japan Shigeru Ishiba in Tokyo on April 9. In a joint statement issued after the meeting, the two sides strongly opposed any unilateral attempts to change the status quo by force or coercion in the East China Sea and the South China Sea. They also emphasized the importance of maintaining peace and stability across the Taiwan Strait as an indispensable element of the international community’s security and prosperity and encouraged the peaceful resolution of cross-strait issues. Furthermore, the statement recognized that the security of the Euro-Atlantic and that of the Indo-Pacific were interconnected, stressing that continued Japan-NATO cooperation would benefit the security of both regions. 
     
    This Japan-NATO bilateral meeting was the first since Secretary General Rutte assumed office. It also marked the third time since 2022 that the two sides had issued a joint statement conveying a high level of concern over cross-strait issues. The joint statement underscored the fact that the security of Taiwan has become a common global issue and that the international community has formed a high level of consensus on countering authoritarian expansion led by China and Russia and on ensuring peace across the Taiwan Strait. In addition, it demonstrated that cross-strait peace and stability are closely related to not only the security environment of the Indo-Pacific but also that of Europe. 
     
    Minister of Foreign Affairs Lin Chia-lung sincerely appreciates and welcomes the support for cross-strait peace and stability that NATO and Japan expressed at their meeting. The Ministry of Foreign Affairs reiterates that Taiwan, as an important country in the Indo-Pacific and a responsible member of the international community, will continue to work closely with allied nations to maintain a free and open Indo-Pacific; uphold the rules-based international order; and safeguard regional and world peace, stability, and prosperity.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to French Foreign Minister Barrot reaffirming France’s opposition to unilateral attempts to change cross-strait status quo by force or coercion

    Source: Republic of China Taiwan

    MOFA response to French Foreign Minister Barrot reaffirming France’s opposition to unilateral attempts to change cross-strait status quo by force or coercion

    Date：2025-04-11
    Data Source：Department of European Affairs

    April 11, 2025  

    French Minister for Europe and Foreign Affairs Jean-Noël Barrot attended a regular hearing of the Senate Committee on Foreign Affairs, Defense, and Armed Forces on April 9. In response to a question by Senator Olivier Cadic, Vice President of the committee, Minister Barrot stated that France and the other Group of Seven (G7) members had reached a consensus on the importance of maritime security across the Taiwan Strait and other regions before issuing the G7 foreign ministers’ statement on April 6. He added that France had participated in joint sea and air drills in the Indo-Pacific with countries in the region to reaffirm the high level of importance it attached to freedom of navigation on the high seas, as enshrined in international maritime law. He also noted that France remained opposed to any unilateral attempts to use force or coercion to change the status quo across the Taiwan Strait.
     
    Minister of Foreign Affairs Lin Chia-lung sincerely thanks France for continuing to monitor peace and stability across the Taiwan Strait and the Indo-Pacific, as well as reiterating its opposition to unilateral attempts to alter the cross-strait status quo by force or coercion. Maintaining cross-strait peace and stability is a matter of international consensus and common interests. The world is well aware of China’s attempts to steadily increase cross-strait tensions, change the cross-strait status quo, and undermine regional peace and stability. As a responsible member of the international community, Taiwan is committed to continuing to work hand in hand with France and other like-minded partners to jointly safeguard peace and stability across the Taiwan Strait and the Indo-Pacific. 

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA expresses condolences over passing of former US Deputy Secretary of State Armitage

    Source: Republic of China Taiwan

    MOFA expresses condolences over passing of former US Deputy Secretary of State Armitage

    Date：2025-04-15
    Data Source：Department of North American Affairs

    April 15, 2025The Ministry of Foreign Affairs (MOFA) expresses its profound condolences over the passing of former US Deputy Secretary of State Richard Armitage. It has instructed the Taipei Economic and Cultural Representative Office in the United States to convey its sincere sympathies to his family on behalf of the people and government of the Republic of China (Taiwan).Mr. Armitage served as assistant secretary of defense for international security affairs from 1983 to 1989 under President Ronald Reagan and President George H. W. Bush and as deputy secretary of state under President George W. Bush from 2001 to 2004. An important friend of Taiwan, he staunchly supported both the preservation of peace across the Taiwan Strait and Taiwan’s democracy, making outstanding contributions to Taiwan-US relations and security in the Indo-Pacific. He also visited Taiwan on multiple occasions to convey his unwavering support. He was a member of a US delegation that visited Taiwan to meet and exchange opinions with President Tsai Ing-wen in 2021. In 2024, he joined former National Economic Council Director Brian Deese in leading a US delegation to the inauguration of the 16th-term president and vice president of the ROC (Taiwan), extending bipartisan felicitations from the United States to President Lai Ching-te and the people of democratic Taiwan. During that visit, he called Taiwan an important voice for democracy in the world and reaffirmed the United States’ firm commitment to ensuring peace and stability across the Taiwan Strait. He also expressed steadfast concern regarding China’s military threats and coercion against Taiwan, stating that the more China bullied Taiwan, the more the international community would speak up for Taiwan.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: MOFA response to display of Nazi symbol and salute at New Taipei District Prosecutors Office

    Source: Republic of China Taiwan

    MOFA response to display of Nazi symbol and salute at New Taipei District Prosecutors Office

    Date：2025-04-16
    Data Source：Department of West Asian and African Affairs

    April 16, 2025  
     
    The Ministry of Foreign Affairs (MOFA) has noted that a Taiwanese national wearing a swastika armband and holding a copy of Adolf Hitler’s Mein Kampf made a Nazi salute at the New Taipei District Prosecutors Office on April 15. Like most other countries, Taiwan firmly rejects Nazi symbols, which represent an ideology of prejudice and hatred that led to the historic tragedy of the Holocaust. Many nations have also explicitly banned the use of such symbols. MOFA strongly condemns this highly inappropriate method of expressing personal opinion.
     
    MOFA reiterates that Taiwan is a country that respects freedom, democracy, and the rule of law. The constitution protects people’s right to express their opinions and exercise freedom of speech. MOFA urges the people of Taiwan to recognize the negative associations and historical trauma attached to Nazi symbols and gestures within the international community. It calls on the public not to bring distress to people of other countries, tarnish Taiwan’s international reputation, and engage in counterproductive forms of expression.
     
    MOFA sincerely hopes that the people and government of Taiwan will work together to actively demonstrate tolerance for different cultures, religions, and ethnic groups of the world. It looks forward to everyone jointly striving for a brighter and more inclusive future.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Orezone Reports Q1-2025 Production and Hard Rock Expansion Update

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, April 16, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (the “Company” or “Orezone”) is pleased to announce its Q1-2025 gold production results and a construction update for the Stage I hard rock expansion at its Bomboré Gold Mine. All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million.

    Q1-2025 Production Results

    • Gold production of 28,688 ounces
    • Gold sales of 28,943 ounces at an average realized price of $2,851 per ounce for sales of $82.5M
    • Quarter-end cash balance of $102.0M and senior debt of $65.2M after principal repayments of $4.8M in the quarter
    • Safety milestone of 20 million person-hours worked without a Loss Time Injury (“LTI”) achieved in March

    Stage I Hard Rock Construction Update

    • Construction of the Stage I hard rock expansion remains ahead of schedule and on budget. First gold pour and mill commissioning on track for Q4-2025
    • Engineering is ahead of schedule with 85% progress to the end of March
    • Procurement is substantially complete with only minor bulk material top-ups outstanding
    • SAG mill major components are now onsite, well ahead of schedule for the longest lead items
    • Concrete works remain ahead of schedule with the dump pocket and SAG mill foundations significantly advanced, and CIL tank foundations complete
    • Structural/Mechanical/Piping contractor has mobilized and is progressing with CIL tank installation
    • Several mining areas for hard rock mining have now been readied in preparation for commencement of hard rock mining later this year
    • Completed first monthly hard rock expansion video, which can be viewed here

    Patrick Downey, President & CEO stated, “Q1 was another solid operating quarter at Bomboré, with slightly lower than planned gold ounces produced as a result of re-scheduled mill maintenance. Mined tonnage was ahead of plan for the quarter, which keeps the Company well-positioned to achieve its 2025 production guidance of 115,000-130,000 ounces.

    During the quarter, the Company achieved a major milestone of 20 million person-hours worked without a LTI. This industry leading safety record speaks to the exceptional effort on injury prevention by the entire Bomboré team which has instilled a pervasive, safety first, culture onsite.

    Throughout the quarter, the Company made material progress advancing the Stage I hard rock expansion, with concrete foundations for the dump pocket and SAG mill significantly advanced, and CIL tank installation now underway. The Stage I hard rock expansion remains ahead of schedule and on budget, with first gold and mill commissioning on track for Q4-2025. Completion of the Stage I expansion will mark a material transformation in the Bomboré operation, with gold production forecasted to increase by approximately 45% from current levels to 170,000-185,000 ounces in 2026.

    Further positioning the Company for a significant transformation, Orezone announced during the quarter that: (1) it is advancing a secondary listing on the Australian Securities Exchange (“ASX”), with a target listing in mid-2025, and (2) is evaluating plans to accelerate the Stage II hard rock expansion to an overall 5.0 million tonnes per annum (“Mtpa”) two years ahead of schedule (see news release dated February 23, 2025). While subject to final Board approval, the Stage II expansion is forecasted to increase the overall gold production profile at Bomboré to 220,000-250,000 ounces per year. We also expect to release drill results from the P17S and P17 area in the coming weeks as we target the high-grade extensions of these highly prospective zones.”

    Bomboré Q1-2025 Production Results (100% Basis)

      Unit Q1-2025
    Ore processed Tonnes 1,511,303
    Ore grade Au g/t 0.67
    Plant recovery % 87.9
    Gold produced Au oz 28,688


    Hard Rock Plant and Operations Overview

    The 2.5Mtpa Stage I hard rock expansion is designed to process higher-grade hard rock ore. The expansion is independent of the adjacent 6.0Mtpa oxide plant but will utilize a number of shared services and infrastructure including the tailings storage facility, warehouses, administration complex, and technical services. The concentrated scope of the brownfield expansion significantly reduces schedule and budget risk in comparison to a new build, with the ramp-up to benefit from the well-established mining, processing, and maintenance teams onsite.

    This Stage I expansion is scheduled for commissioning in Q4-2025 and as with the oxide plant, which had a nameplate capacity of 5.2Mtpa, the Company views the potential to achieve materially higher throughput rates than that of the 2.5Mtpa Stage I design.

    With the strong price of gold, the Company continues to evaluate the timing of the Stage II hard rock expansion, which will increase the nameplate hard rock throughput to 5.0Mtpa, yielding a forecasted overall production profile of 225,000-250,000 ounces per year. With a 5.0Mtpa jaw crusher currently being installed in Stage I, the Stage II expansion will primarily consist of a ball mill, pebble crusher, thickener, four additional CIL tanks and a gold room upgrade. Consideration in the Stage I design and layout has been made to easily accommodate these Stage II additions.

    Figure 1: Bomboré Processing Complex – Hard Rock Plant Layout (blue labels) Relative to Oxide Plant and Other Established Infrastructure (white labels)

    Figure 2: Stage I Hard Rock Expansion – Major Plant Component Construction

    Contact Information

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977 / Toll Free: 1 888 673 0663
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    Qualified Persons

    The scientific and technical information in this news release was reviewed and approved by Mr. Rob Henderson, P. Eng, Vice-President of Technical Services and Mr. Dale Tweed, P. Eng., Vice-President of Engineering, both of whom are Qualified Persons as defined under NI 43-101 – Standards of Disclosure for Mineral Projects.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains certain information that may constitute “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur. Forward-looking statements in this press release include, but are not limited to, statements that Orezone is positioned for a transformational 2025, the Company is positioned well to achieve its 2025 production guidance of 115,000-130,000 ounces, the target of listing on the ASX in mid-2025, the construction of the Stage I hard rock expansion is well advanced (and fully financed) with completion and commissioning set for Q4-2025 and once commissioned, will increase annual production by approximately 45%, the potential greater capacity than the 2.5Mtpa design of the hard rock plant, and statements with resect to the Stage II hard rock expansion.

    All such forward-looking statements are based on certain assumptions and analyses made by management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management and the qualified persons believe are appropriate in the circumstances.

    All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, delays caused by pandemics, terrorist or other violent attacks (including cyber security attacks), the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel and general economic, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management discussion and analysis filed on SEDAR+. Readers are cautioned not to place undue reliance on forward-looking statements.

    Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cca4323f-6a20-4430-af3d-07ad2afb2fb3

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c74297eb-35e9-4882-b8d5-8640934caaaf

    The MIL Network –

  • MIL-OSI Global: South Africa’s coalition government is at risk of crumbling: why collapse would carry a heavy cost

    Source: The Conversation – Africa – By Vinothan Naidoo, Associate Professor of Public Policy and Administration, University of Cape Town

    South Africa’s multi-party government of national unity (GNU), which emerged in the wake of the May 2024 elections, marked a turning point in the country’s political history. It took South Africans back to the 1990s, when the country showed that political opponents could find common cause.

    The formation of the government of national unity expressed the hope that the country could do it again.

    But just nine months into its term, the good will and pragmatism which marked its formation have worn thin. A major budget impasse between the two major actors, the African National Congress (ANC) and the Democratic Alliance (DA), threatens the coalition.

    South Africans have long been accustomed to viewing the world of politics, governance and bureaucracy through the lens of a top-down “strong” state – a vicious apartheid state, an East Asia style developmental state, or a collusive “predatory state”.

    But as recent analyses we co-authored with others have detailed,
    the vision of a top-down politically cohesive state no longer fits South Africa’s realities.

    The government of national unity promised the hope that the country was embracing an approach that is key to success for almost all inclusive constitutional democracies. That is – abandon “all or nothing” confrontation, and instead pursue pragmatic bargains to achieve mutually agreeable policy outcomes.

    At the most basic level, the government of national unity achieved this, at least for a while. The sharing of cabinet ministries between multiple parties created a diverse platform for executive power-sharing that was not dictated by a single dominant party, and which prevented the risks of parties building institutional fiefdoms.

    In our view, failure to overcome deeply ingrained political differences could set off a downward spiral in the country.

    Achievements on the governance front

    On governance, the government of national unity created the space to pursue two sets of gains.

    The first comprises the potential benefit of bringing together unlikely bedfellows.

    The former opposition parties brought into a power-sharing arrangement were bound to be performance-driven, given the country’s long deteriorating government performance and ethical integrity. They had made “good governance” and criticism of the ANC central to their political brands.

    New “outsider” eyes brought into formerly cloistered and factionalised ANC-run departments created the possibility of a new urgency to perform.

    It’s too soon to tell whether this is happening, but anecdotal evidence suggests there are some green shoots.

    The second governance gain comprises the crucial task of building a capable and professional state bureaucracy. The challenges include being able to pay the public sector wage bill, fostering a culture of delivery, and consolidating the bloated network of government departments.

    Based on their party manifestos and public utterances, members of the government all aim to professionalise the public service.

    Detailed technical work is already happening on issues such as training and competency assessment, transferring powers of appointment from politicians to senior public servants, and instituting checks in the recruitment and selection process. The National Assembly’s recent adoption of the Public Service Commission Bill forms part of this agenda.

    But a prolonged legal dispute between the DA and ANC over the latter’s policy of “deploying” party members into state employment risks scuppering progress. It also leaves a key question unanswered: what role, if any, should political parties have in the recruitment and selection of public servants?

    Policy

    The government of national unity has struggled to create effective mechanisms to translate agreement on a broad agenda of policy priorities into specific outcomes. This came at a higher cost than expected.

    Still, it has made gains in challenging policy areas. These gains have repeatedly been undermined by the perverse determination of sections within both the ANC and the DA to engage in brinkmanship.

    On health, both parties agree on the principle of universalising access. They differ on how to achieve this. But at least one seemingly intractable sticking point has been resolved. Both sides agree that private medical aid schemes need to be retained as part of a broader strategy of pursuing health system reform.

    On basic education, the public spat over the Basic Education Laws Amendment Bill overshadows the potential to agree on balancing the autonomy of school governing bodies with the oversight role of provincial departments.



    Read more:
    South Africa has a new education law: some love it, some hate it – education expert explains why

    On land expropriation, the emotive rhetoric which followed the signing of the Expropriation Bill and the unwelcome and toxic intervention of international actors has overshadowed technical concerns which can be resolved.

    On pro-growth policies: Operation Vulindlela, a joint Presidency and National Treasury initiative to unblock constraints in targeted economic sectors, has made significant strides. It has laid the groundwork for new rounds of growth-supporting infrastructural reforms and has the potential to build cohesion in the government of national unity. However, the DA’s attempt to lobby for a greater role in the strategic oversight of Operation Vulindlela in exchange for supporting the budget risks souring relations with the ANC.

    What now?

    A thriving inclusive society depends on powerful actors visibly committed to co-operation.

    For all of the challenges confronting the government of national unity, it was built on a foundation of pragmatism. For the sake of South Africa’s future, it remains vital to build on this foundation. Obsolete top-down governing approaches must go. Pathways to performance must be lifted above political grandstanding. Constructive solutions should supersede ideological rigidity. South Africa has done it before. It can do it again.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. South Africa’s coalition government is at risk of crumbling: why collapse would carry a heavy cost – https://theconversation.com/south-africas-coalition-government-is-at-risk-of-crumbling-why-collapse-would-carry-a-heavy-cost-254302

    MIL OSI – Global Reports –