Category: Asia

  • MIL-OSI Security: Defense News in Brief: Pacific Partnership 2025 Concludes Successful Mission in Virac, Philippines

    Source: United States Navy

    VIRAC, Philippines – Pacific Partnership 2025 successfully concluded its mission in Virac, Philippines, marking the end of a series of intensive training exercises and collaborative engagements aimed at strengthening disaster response capabilities and fostering lasting partnerships, June 12, 2025.

    MIL Security OSI

  • Union Minister Bhupender Yadav chairs 21st Steering Committee Meeting of Project Elephant in Dehradun

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Environment, Forest and Climate Change, Bhupender Yadav on Thursday chaired the 21st Steering Committee Meeting of Project Elephant at the Indira Gandhi National Forest Academy (IGNFA) in Dehradun. The meeting convened senior officials, scientists, and field experts from elephant range states, alongside representatives from key conservation institutions, to review the progress of Project Elephant and chart the future of elephant conservation in India.

    A key focus of the meeting was addressing the ongoing challenge of human-elephant conflict, which poses significant risks to both human safety and elephant conservation. Yadav emphasized the critical need to involve local communities as active partners in wildlife conservation, particularly in regions heavily impacted by such conflicts. He stressed that effective management of human-wildlife conflict is essential for the success of conservation programs and called for improved working conditions and social security for frontline forest staff and ground-level conservation workers.

    The Minister urged coordinated efforts with Indian Railways, the Ministry of Power, the National Highways Authority of India (NHAI), and mine developers to mitigate human-wildlife conflicts. He also highlighted the role of institutions like the Salim Ali Centre for Ornithology and Natural History (SACON), the Indian Institute of Forest Management (IIFM), the Wildlife Institute of India (WII), and State Forest Training institutions in implementing awareness and outreach programs. Additionally, Shri Yadav emphasized the importance of systematic data collection and analysis on elephant deaths due to railway accidents and the need for knowledge sharing among states, institutions, and experts to replicate best practices nationwide.

    The meeting reviewed significant progress in conservation efforts, including the development of Regional Action Plans for human-elephant conflict in Southern and North-Eastern India and the completion of surveys covering 3,452.4 km of sensitive railway stretches, identifying 77 high-risk areas for mitigation. DNA profiling of captive elephants has advanced, with 1,911 genetic profiles completed across 22 states. Phase-I of the synchronized elephant population estimation in North-Eastern states has been completed, with over 16,500 dung samples collected. Work on the Model Elephant Conservation Plan (ECP) for the Nilgiri Elephant Reserve is underway and expected to be finalized by December 2025.

    Several important documents were released during the meeting, including a report on measures to mitigate elephant-train collisions, a comprehensive study on 23 years of human-elephant conflict in Assam, Jharkhand, and Chhattisgarh, an advisory on safe tusk trimming practices for captive elephants, and the latest edition of Trumpet, Project Elephant’s quarterly newsletter.

    Looking ahead, the Committee discussed preparations for World Elephant Day on August 12, to be celebrated in Coimbatore, Tamil Nadu, where the Gaj Gaurav Awards will be presented. Upcoming initiatives include finalizing the Nilgiri ECP, launching a three-year elephant tracking study in Bandhavgarh Tiger Reserve, conducting Management Effectiveness Evaluations (MEE) in Elephant Reserves with support from the Compensatory Afforestation Fund Management and Planning Authority (CAMPA), and developing an integrated conservation strategy for the Ripu-Chirang Elephant Reserve, with a focus on the Udalguri landscape.

  • MIL-OSI Africa: Rwanda: African Development Bank kickstarts pioneering cable car project in Kigali

    Source: Africa Press Organisation – English (2) – Report:

    The African Development Bank (www.AfDB.org) has approved a grant of $500,000 to undertake a feasibility study into the first phase of a cable car transport network in Kigali, that will be sub-Saharan Africa’s first aerial urban transit system.

    The funds, to be sourced from the Bank Group’s Urban and Municipal Development Fund (https://apo-opa.co/45CiDm9), are expected to help pave the way for the Kigali Urban Cable Car Project, a 5.5 km mobility initiative valued at $100 million and promising to ease the city’s traffic congestion, reduce greenhouse gas emissions, and connect underserved communities to jobs and essential services.

    The Urban and Municipal Development Fund (UMDF) is a trust fund hosted by the African Development Bank, which provides direct support to cities, to mobilize funding and technical assistance, develop partnerships, city engagement, project identification and investment.

    Phase 1 of the project will comprise two critical transit corridors: Nyabugogo Taxi Park to the Central Business District (CBD) Hub; and the Kigali Convention Center to Kigali Sports City, connecting public landmarks such as Amahoro Stadium, BK Arena, and the newly developed Zaria Court.

    The feasibility study is expected to position the project to attract international investment, including through platforms such as the Africa Investment Forum (AIF). The UMDF provided funding for the feasibility of another project in the country, the Kigali Urban Transport Improvement project, to help attract critical investment.

    Construction is expected to begin in late 2026, with commissioning scheduled for 2028. Once complete, the cable car will convey over 50,000 passengers a day on a 15-minute end-to-end journey, integrating into the city’s existing transport infrastructure.

    African Development Bank Group president Dr. Akinwumi Adesina, said: “This transformative project aligns perfectly with the Bank’s vision for sustainable, green climate-resilient urban mobility infrastructure, and with the Bank’s Ten-Year Strategy, which focuses on urbanization, and the Alliance for Green Infrastructure in Africa (AGIA), a global partnership initiative driven by the African Development Bank Group, Africa50 and the African Union. By financing Rwanda’s urban cable car system, we are investing in a scalable model of low-carbon, inclusive public transport that cities across Africa can emulate.”

    The project is anchored in Rwanda’s Green Taxonomy, E-mobility Strategy, and Climate and Nature Finance Strategy (CNFS) and aligns closely with Rwanda’s national climate objectives, which target a 38% reduction in carbon emissions by 2030 and carbon neutrality by 2050.

    The project implementation is expected to follow a Public-Private Partnership model, according to  Imena Munyampenda, the Director General of Rwanda Transport Development Agency.  

    The feasibility study plans to draw lessons from successful cable car systems in La Paz, Bolivia, and Singapore. The system will prioritize access for the disabled, employment opportunities for girls, women and low-income residents; and job creation, capacity building and technology transfer.

    “This pioneering feasibility study is a game-changing milestone,” said Solomon Quaynor, African Development Bank’s Vice President for Private Sector, Infrastructure, and Industrialization. “Through the UMDF, AfDB is laying the foundation for an investment-ready green infrastructure asset that offers both impact and returns.”

    Blended Financing

    The $100 million funding structure will comprise a strategic mix of grants, concessional loans, blended finance, and technical assistance. The UMDF grant will fund an assessment of the project’s viability gap.

    The Rwandan government, the African Development Bank Group, and other development partners, will collaborate to offer blended financing, along with commercial funding from the International Finance Corporation (IFC), Africa50, the Trade and Development Bank (TDB), the Africa Finance Corporation (AFC), as well as private investors and the Alliance for Green Infrastructure in Africa (AGIA). 

    – on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Janet Onyango
    African Development Bank Group 
    media@afdb.org

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  • MIL-OSI Africa: Coffee Master Trainer Upgrade (Coffee MUG) Program Surpasses 4,700 Farmers Trained, Boosting Yields and Incomes Across Indonesia’s Top Arabica Regions

    Source: Africa Press Organisation – English (2) – Report:

    The Sustainable Coffee Platform of Indonesia (SCOPI) and the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) announced key findings of the mid-term survey from the Coffee Master Trainer Upgrade (Coffee MUG) Program, a five-year initiative helping smallholder farmers in North Sumatra and Aceh adopt sustainable coffee-growing practices. 

    Since its launch in October 2021, the program has trained 4,754 farmers—37% (1,781) women—across 130 villages, with 3,700 hectares now managed under Good Agricultural Practices (GAP). Nineteen Master Trainers and eight candidates act as local champions, guiding farmer groups on soil health, pruning, post-harvest handling, and quality control. The field midline survey conducted to the program and confirmed that average yields in the target areas rose 13.7 percent in 2023, equivalent to 78 kilograms of green bean per hectare compared to the previous year. 

    Capacity-building results are equally encouraging participating trainers demonstrated 91 percent competence in sustainable coffee farming and 87 percent competence in training methodologies during recent evaluations. Farmer livelihoods are beginning to reflect these gains. Average annual coffee sales reached IDR 82.95 million (US$5,100) per farmer in 2023, while average net farm income rose to IDR 71.52 million (US$4,400).  

    Earlier this year, SCOPI and ITFC convened twin data-utilisation workshops in Berastagi (Karo Regency) and Takengon (Central Aceh Regency). Local officials, private buyers, Master Trainers, and farmer leaders reviewed the mid-line survey results, explored a new web-based monitoring dashboard, and agreed on concrete follow-up actions—such as establishing demonstration plots that now serve as “living classrooms” for young farmers and expanding market pathways with ofi Indonesia, Louis Dreyfus Company, and Ecom/Indo Cafco. 

    “This survey is more than just data collection—it is a strategic tool to sharpen the program’s direction and ensure it remains responsive to farmers’ real needs” said Ade Aryani, Executive Director of SCOPI 

    Nazeem Noordali, Chief Operating Officer of ITFC, added: “Farmer surveys offer data-driven guidance, help identify gaps, and support the development of more impactful strategies. Programs like Coffee MUG must remain dynamic and responsive to field realities.” 

    At data-utilization workshops Karo Regency and Central Aceh Regency, SCOPI and ITFC joined officials, buyers, trainers, and farmers to review mid-line findings, test a new monitoring dashboard, and launch demo plots for youth training. 

    Looking ahead, the program is scaling its trainers network through a new recruitment drive that will bring more young people into the Master Trainer pipeline, securing generational renewal. Field trials focused on soil-health interventions will also continue, targeting a further yield increase by 2026. In parallel, fresh modules on financial literacy and digital marketing are being developed for rollout later this year, with a special emphasis on empowering women and youth farmer groups. 

    – on behalf of International Islamic Trade Finance Corporation (ITFC).

    ITFC Contact:
    Tel: +966 12 646 8337   
    Fax: +966 12 637 1064   
    E-mail: ITFC@itfc-idb.org

    SCOPI Contact: 
    Email: info@scopi.or.id  

    ITFC Social Media: 
    Twitter: @ ITFCCORP   
    Facebook: @ ITFCCorp   
    LinkedIn: International Islamic Trade Finance Corporation (ITFC)    

    SCOPI Social Media:
    Linkedin: Sustainable Coffee Platform of Indonesia (SCOPI) 
    Instagram: @ scopi_id 
    Website: www.SCOPI.or.id 

    About the International Trade Finance Corporation (ITFC):  
    The International Islamic Trade Finance Corporation (ITFC) is the trade finance arm of the Islamic Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching goal of improving the socio-economic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$83 billion of financing to OIC member countries, making it the leading provider of trade solutions for these member countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market.   

    About the Sustainable Coffee Platform of Indonesia (SCOPI):  
    The Sustainable Coffee Platform of Indonesia (SCOPI) is a leading organization dedicated to promoting sustainable coffee production and improving the livelihoods of coffee farmers. SCOPI is a platform for collaboration among key stakeholders in the Indonesian coffee industry, working towards a shared vision of a thriving and sustainable coffee sector. 

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  • MIL-OSI Russia: China to Remain Attractive for Global Economy – PM

    Translation. Region: Russian Federal

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

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

    BEIJING, June 26 (Xinhua) — Chinese Premier Li Qiang said Thursday that China’s economy will remain an attractive destination for the global economy in the long term, and the expanding scale and quality of China’s huge market will continue to pay big dividends, offering more trade and investment opportunities to countries.

    Speaking at the opening ceremony of the 10th annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), Li Qiang reiterated China’s commitment to expanding high-level opening-up to the outside world and continuing deep integration into the global economy, which promises to provide new development opportunities for all countries in the world. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: Eurasian Goods and Trade Expo 2025 Opens in Xinjiang

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    URUMQI, June 26 (Xinhua) — The 2025 China Eurasian Commodity and Trade Expo opened Thursday in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region, bringing together more than 2,800 enterprises and representatives from 50 countries and regions.

    The current edition of the exhibition, which organisers say aims to deepen cooperation within Eurasia, is the largest in its history. Participants include government officials, diplomats, business associations and entrepreneurs from Central Asian countries, the African Union (AU), ASEAN and others. Notably, some AU member states, such as Ethiopia, Zambia, Comoros and Senegal, joined the event for the first time, signalling its growing global participation.

    The event, with an indoor and outdoor exhibition area of 140,000 square meters, showcases key industries such as new energy, advanced manufacturing, textiles and food processing. The outdoor exhibition mainly features large-scale mechanical equipment, while the indoor exhibition halls showcase breakthroughs in artificial intelligence and low-altitude economy.

    Fu Yunyan, head of Xinjiang’s International Expo Administration, said there were “many highlights,” including special areas to showcase cutting-edge technologies and more than 20 events to introduce new products. The five-day expo will feature more than 60 trade and investment sessions to find industry partners and promote projects.

    As part of the China-Eurasia Expo, the event, which is being held for the fifth time, aims to expand Xinjiang’s high-level opening-up. -0-

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Games to receive $450m sponsorship

    Source: Hong Kong Information Services

    The National Games Coordination Office (Hong Kong) today announced that the 15th National Games (NG), the 12th National Games for Persons with Disabilities (NGD) and the 9th National Special Olympic Games (NSOG) will receive a $450 million sponsorship from the Hong Kong Jockey Club (HKJC) to support the hosting of these events in Hong Kong.

    Chief Executive John Lee witnessed the signing ceremony held at the Central Government Offices today, in which Secretary for Culture, Sports & Tourism Rosanna Law and HKJC Chief Executive Officer Winfried Engelbrecht-Bresges represented the Government and the HKJC respectively.

    The HKJC will be the exclusive partner sponsor for the Hong Kong competition region of the 15th NG, the 12th NGD and the 9th NSOG.

    Speaking at the ceremony, Miss Law emphasised that the successful hosting of the Games is a major priority for Hong Kong this year.

    She highlighted that the HKJC’s staunch support and sponsorship would significantly boost event preparations in Hong Kong, particularly in supporting volunteer service programmes, citywide community and school promotional activities, and initiatives enabling underprivileged groups and youth to attend the events as spectators.

    The sports chief also expressed gratitude for the HKJC’s contribution and reaffirmed Hong Kong’s commitment to co-hosting with Guangdong and Macao a simple, safe and wonderful Games.

    The Culture, Sports & Tourism Bureau added that the Hong Kong Special Administrative Region Government looks forward to collaborating with the HKJC to further promote sports development in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area. 

    MIL OSI Asia Pacific News

  • MIL-OSI Analysis: Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US

    Source: The Conversation – Global Perspectives – By Craig Mark, Adjunct Lecturer, Faculty of Economics, Hosei University

    Japanese Prime Minister Shigeru Ishiba has sent a clear signal to the Trump administration: the Japan–US relationship is in a dire state.

    After saying just days ago he would be attending this week’s NATO summit at The Hague, Ishiba abruptly pulled out at the last minute.

    He joins two other leaders from the Indo-Pacific region, Australian Prime Minister Anthony Albanese and South Korean President Lee Jae-myung, in skipping the summit.

    The Japanese media reported Ishiba cancelled the trip because a bilateral meeting with US President Donald Trump was unlikely, as was a meeting of the Indo-Pacific Four (IP4) NATO partners (Australia, New Zealand, South Korea and Japan).

    Japan will still be represented by Foreign Minister Takeshi Iwaya, showing its desire to strengthen its security relationship with NATO.

    However, Ishiba’s no-show reveals how Japan views its relationship with the Trump administration, following the severe tariffs Washington imposed on Japan and Trump’s mixed messages on the countries’ decades-long military alliance.

    Tariffs and diplomatic disagreements

    Trump’s tariff policy is at the core of the divide between the US and Japan.

    Ishiba attempted to get relations with the Trump administration off to a good start. He was the second world leader to visit Trump at the White House, after Israeli Prime Minister Benjamin Netanyahu.

    However, Trump’s “Liberation Day” tariffs imposed a punitive rate of 25% on Japanese cars and 24% on all other Japanese imports. They are already having an adverse impact on Japan’s economy: exports of automobiles to the US dropped in May by 25% compared to a year ago.

    Six rounds of negotiations have made little progress, as Ishiba’s government insists on full tariff exemptions.

    Japan has been under pressure from the Trump administration to increase its defence spending, as well. According to the Financial Times, Tokyo cancelled a summit between US and Japanese defence and foreign ministers over the demand. (A Japanese official denied the report.)

    Japan also did not offer its full support to the US bombings of Iran’s nuclear facilities earlier this week. The foreign minister instead said Japan “understands” the US’s determination to prevent Iran from acquiring nuclear weapons.

    Japan has traditionally had fairly good relations with Iran, often acting as an indirect bridge with the West. Former Prime Minister Shinzo Abe even made a visit there in 2019.

    Japan also remains heavily dependent on oil from the Middle East. It would have been adversely affected if the Strait of Hormuz had been blocked, as Iran was threatening to do.

    Unlike the response from the UK and Australia, which both supported the strikes, the Ishiba government prioritised its commitment to upholding international law and the rules-based global order. In doing so, Japan seeks to deny China, Russia and North Korea any leeway to similarly erode global norms on the use of force and territorial aggression.

    Strategic dilemma of the Japan–US military alliance

    In addition, Japan is facing the same dilemma as other American allies – how to manage relations with the “America first” Trump administration, which has made the US an unreliable ally.

    Earlier this year, Trump criticised the decades-old security alliance between the US and Japan, calling it “one-sided”.

    “If we’re ever attacked, they don’t have to do a thing to protect us,” he said of Japan.

    Lower-level security cooperation is ongoing between the two allies and their regional partners. The US, Japanese and Philippine Coast Guards conducted drills in Japanese waters this week. The US military may also assist with upgrading Japan’s counterstrike missile capabilities.

    But Japan is still likely to continue expanding its security ties with partners beyond the US, such as NATO, the European Union, India, the Philippines, Vietnam and other ASEAN members, while maintaining its fragile rapprochement with South Korea.

    Australia is now arguably Japan’s most reliable security partner. Canberra is considering buying Japan’s Mogami-class frigates for the Royal Australian Navy. And if the AUKUS agreement with the US and UK collapses, Japanese submarines could be a replacement.

    Ishiba under domestic political pressure

    There are also intensifying domestic political pressures on Ishiba to hold firm against Trump, who is deeply unpopular among the Japanese public.

    After replacing former prime minister Fumio Kishida as leader of the Liberal Democratic Party (LDP) last September, the party lost its majority in the lower house of parliament in snap elections. This made it dependent on minor parties for legislative support.

    Ishiba’s minority government has struggled ever since with poor opinion polling. There has been widespread discontent with inflation, the high cost of living and stagnant wages, the legacy of LDP political scandals, and ever-worsening geopolitical uncertainty.

    On Sunday, the party suffered its worst-ever result in elections for the Tokyo Metropolitan Assembly, winning its lowest number of seats.

    The party could face a similar drubbing in the election for half of the upper house of the Diet (Japan’s parliament) on July 20. Ishiba has pledged to maintain the LDP’s majority in the house with its junior coalition partner Komeito. But if the government falls into minority status in both houses, Ishiba will face heavy pressure to step down.

    Craig Mark 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. Japanese prime minister’s abrupt no-show at NATO summit reveals a strained alliance with the US – https://theconversation.com/japanese-prime-ministers-abrupt-no-show-at-nato-summit-reveals-a-strained-alliance-with-the-us-259694

    MIL OSI Analysis

  • MIL-OSI Asia-Pac: Winnie Ho tours housing project

    Source: Hong Kong Information Services

    Secretary for Housing Winnie Ho attended the Asia-Pacific Network for Housing Research (APNHR) 2025 Conference at Tsinghua University and visited the Qingtangwan public rental housing project in Beijing today.

    The APNHR is an international organisation focusing on housing issues in the Asia-Pacific region. The conference was held at Tsinghua University this year with the theme “Towards Resilience and Inclusivity: Adapting to Multifaceted Challenges in the Asia-Pacific Region”.

    The conference convened experts and scholars in the fields of architecture, urban planning, sociology, environmental studies, and others from the Asia-Pacific region to have in-depth exchanges on the housing development and challenges in the region, and to jointly explore ways to promote innovative housing construction and development directions.

    At the conference’s roundtable session this morning, Ms Ho shared the opportunities and challenges in housing development faced by the Hong Kong Special Administrative Region Government Housing Bureau (HB) and the Hong Kong Housing Authority (HKHA).

    She said that the current-term Hong Kong SAR Government has actively addressed Hong Kong’s housing problems since taking office, overcoming livelihood issues and addressing people’s concerns by identifying sites and enhancing the quantity, speed, efficiency and quality of public housing construction.

    The HB is working full steam ahead on implementing groundbreaking innovative policy initiatives, such as Light Public Housing (LPH) and Basic Housing Units, to tackle the long-standing, big and difficult issue that has plagued Hong Kong for many years and to provide the grassroots with options to improve their living environment and quality of life.

    Ms Ho highlighted that the HB and the HKHA have been making use of various innovative construction technologies, such as Modular Integrated Construction, construction robots and smart project management platforms, to enhance construction efficiency and build LPH expeditiously, so as to improve the living conditions of those who are inadequately housed as soon as possible.

    She also introduced at the conference the “well-being design” guide launched by the HB and the HKHA last year, which serves as a reference for the future design of new public housing and the improvement works of existing public rental housing estates.

    Apart from housing construction, the HKHA has also continued to enhance the management efficiency and service quality of its nearly 200 public rental housing estates by actively promoting smart estate management and introducing new technologies to optimise estate management and building maintenance services, to provide a better living environment for its residents.

    In the afternoon, Ms Ho visited the Qingtangwan public rental housing project in Beijing. This project is a green residential area that adopted the use of prefabricated components and environmental monitoring platforms. It also implements smart community management through community apps.

    Afterwards, Ms Ho met Deputy Director-General of the Bureau of International Cooperation of the State-owned Assets Supervision & Administration Commission of the State Council Xie Hui to exchange views on housing design and planning.

    She also shared the adoption of advanced construction technologies from the Mainland in Hong Kong and the outcomes.

    Yesterday, Ms Ho visited the Better House Living Tech Lab and was briefed on the practice of combining housing design concepts of quality homes and technologies on the Mainland.

    The housing chief will continue her Beijing visit tomorrow before returning to Hong Kong.

    MIL OSI Asia Pacific News

  • MIL-OSI Banking: RBI imposes monetary penalty on The Karnataka Co-operative Bank Limited, Muddebihal, Karnataka

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated June 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Karnataka Co-operative Bank Limited, Muddebihal, Karnataka (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. breached the prudential inter-bank (gross) and counterparty exposure limits; and

    2. failed to upload the KYC records of customers onto Central KYC Records Registry within the prescribed timeline.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/600

    MIL OSI Global Banks

  • MIL-OSI Banking: Secretary-General of ASEAN meets with the Director-General of Casablanca Finance City (CFC)

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, met with Mr. Said Ibrahimi, Director-General of Casablanca Finance City (CFC), in Casablanca, Morocco, on 26 June 2025. SG Dr. Kao shared ASEAN’s progress in financial integration, financial inclusion, and sustainable finance and exchanged views on possible areas of cooperation with Morocco in financial sector.

    The post Secretary-General of ASEAN meets with the Director-General of Casablanca Finance City (CFC) appeared first on ASEAN Main Portal.

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  • MIL-OSI: Increasing Adoption of Drones in Commercial Sectors Leading to a Revolution in Big Data Cloud Services

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., June 26, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation. The increasing need to evaluate imagery is a key factor driving the adoption of drone imagery software and cloud-based applications, which possess the ability to upload, share, store, and process aerial images. Moreover, there has been a steep increase in the use of cloud-based in-memory computing platform amongst businesses as it accelerates analytics, processes, and predictive capabilities. The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% through 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The report said: “By gathering information on a larger scale, service providers can now process unprecedented levels of detailed information and turn it into actionable information. UAV companies, such as PrecisionHawk, are transforming their business processes to enhance their focus on drone data processing rather than UAV manufacturing.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Safe Pro Group Inc. (NASDAQ: SPAI), Teledyne Technologies Incorporated (NYSE: TDY), and AgEagle Aerial Systems Inc. (NYSE: UAVS).

    The article continued: The global drone data service market size is expected to reach USD 15.05 billion by 2030, expanding at a CAGR of 39.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth can be attributed to the growing usage of information acquired by drones in operational and big data analytics. The increasing need for UAV imagery analysis is presumed to impact the global drone imagery processing software industry positively and add a new horizon in imagery storage technologies. The increasing adoption of drones in commercial sectors is leading to a revolution in big data cloud services. Launching a drone to capture images is the preliminary step in the drone information acquisition process. The captured images then require correction, calibration, processing, storage, and efficient evaluation.

    ZenaTech (NASDAQ:ZENA) Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.

    “This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”

    The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.

    ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management , there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.

    The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the markets include:

    TB2 Aerospace LLC, in collaboration with Draganfly Inc. (NASDAQ: DPRO), a drone solutions, and systems developer, recently said it is proud to announce the successful deployment and performance of the Drone Recharging Operational Payload System (DROPS) during the U.S. Army’s Sustainment Modernization Experiment 2025 (SMEX25).

    Throughout SMEX25’s week-long field exercises, the DROPS system, integrated with Draganfly’s Commander 3XL, achieved a 100% success rate in autonomously deploying, recovering, and recharging TB2’s tactical resupply pods. The event provided an opportunity to validate real-world operational performance in austere and high-demand scenarios, drawing praise from defence evaluators and technology observers alike.

    “The successful deployment of DROPS at SMEX25 underscores our commitment to advancing autonomous logistics solutions,” said Hank Scott, CEO of TB2 Aerospace. “Our system’s performance in a live operational environment validates its potential to revolutionize military tactical resupply and contested logistics.”

    Safe Pro Group Inc. (NASDAQ: SPAI), a leader in AI-powered security solutions, is honored to recently be featured in a recent investigative piece by Grist Magazine, titled “How 3 Years of War Have Ravaged Ukraine’s Forests, and the People Who Depend on Them.”

    Safe Pro AI is helping lead a critical technological response to one of the war’s deadliest and most enduring legacies: land mines and unexploded ordnance (UXO). Utilizing AI and drone-based remote sensing, Safe Pro is working alongside humanitarian organizations and government partners to rapidly detect, map, and facilitate the safer and more efficient removal of UXO. This technology can be especially valuable in areas where land mines have triggered catastrophic wildfires, endangering both people and the environment. According to a report published by the United Nations Economic Commission for Europe, Ukraine has experienced profound socio-economic disruption due to the conflict’s impact on key sectors including timber production with losses amounting to approximately €447.73 million. The primary damages involve the destruction of infrastructure, equipment, and substantial harm to protected natural areas, estimated at over €2.3 billion. Restoring this potential will require considerable effort and resources.

    Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE: TDY) recently announced that its Black Hornet® 4 Personal Reconnaissance System has successfully completed the required NDAA and cyber security verification process and been approved for the Blue UAS List with an Authority to Operate.

    Led by the Defense Innovation Unit (DIU), Blue UAS vets and verifies commercial drone technology for the Department of Defense and U.S. government. The Blue UAS List gives users access to a wide range of drone systems that can meet their diverse needs. In February, Teledyne FLIR announced that Black Hornet 4 was selected by DoD operators from among more than 35 uncrewed aerial system (UAS) products, all rigorously tested during DIU’s ‘Blue UAS Refresh’ event.

    “We are honored to see Black Hornet 4 added to the Blue UAS List, knowing that more operators across our military and federal government will be able to benefit from this one-of-a-kind drone and its distinct capabilities,” said Dr. JihFen Lei, president of Teledyne FLIR Defense. “DIU is filling a critical national need in meeting mission requirements by executing a more expansive Blue UAS program, and we have valued our partnership with them throughout the verification process.”

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of two additional eBee X drones to South Korea, expanding the country’s installed base of AgEagle’s eBee drones to more than 100 units. This milestone strengthens AgEagle’s strategic partnership with South Korea and reinforces its position as a leader in the Asia-Pacific drone market.

    The eBee X, AgEagle’s flagship fixed-wing mapping drone, is engineered for high-precision geospatial data collection and is ideally suited for applications including surveying, mapping, and photogrammetry. This latest sale builds on a well-established fleet, further strengthening AgEagle’s reputation as a trusted provider of cutting-edge unmanned aerial systems.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

    Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

    Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

    Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

    SOURCE: FN Media Group

    The MIL Network

  • MIL-OSI: Syncfusion® Drives AI-Powered Automation in Its Customer Support Platform, BoldDesk®

    Source: GlobeNewswire (MIL-OSI)

    RESEARCH TRIANGLE PARK, N.C., June 26, 2025 (GLOBE NEWSWIRE) — Syncfusion®, Inc., the enterprise technology provider of choice, today announced significant updates to BoldDesk®, its customer service and help desk ticketing platform. This release includes new, AI-driven automation features that shorten response time, reduce manual work, and give developers greater control over customer-support data.

    BoldDesk began as an in-house project built by our own engineers to organize the daily support queue, and that personal experience shapes every iteration,” said Daniel Jebaraj, CEO of Syncfusion. “The latest enhancements focus on harnessing AI to do the busywork, while preserving the transparency, governance, and open-API flexibility support teams expect.”

    These enhancements advance the BoldDesk Team’s goal to leverage AI for everyday support tasks and streamline agent workflows without adding complexity. The release centers on three themes: action-oriented AI; frictionless ticketing; and unified, omnichannel data. New features include:

    • AI actions execute tasks for you: Copilot can cancel orders, update licenses, and call external APIs directly from a ticket or chat.
    • AI-suggested replies in notifications: The AI can insert a context-aware suggestion into the automatic email sent to customers when they submit a ticket.
    • Live chat speeds up conversations: AI-written summaries and subject lines and service-level agreement (SLA) timers help agents close chats faster.
    • Drag-and-drop ticket forms: Group fields, preview attachments, and share links so agents reach the correct info faster.
    • No-code workflows gain safeguards: New business-hour conditions and execution logs improve workflows. A new draft mode lets admins test automations before launch.
    • Deeper integrations: Two-way Salesforce sync, new voice apps, and ticket automerging bring omnichannel context into a single view.
    • Usage dashboards and new languages: AI-specific analytics, persistent layouts, and six additional UI languages show ROI and support global teams.

    In addition to these updates, BoldDesk continues to deliver its signature value: unlimited agents for a single flat fee, ticket resolutions up to three times faster than siloed inboxes, and a centralized workspace that scales with growing teams. BoldDesk customers can enable these new features today from the platform’s admin center. For more information, visit bolddesk.com.

    About Syncfusion, Inc.
    Headquartered in the technology hub of Research Triangle Park, N.C., Syncfusion, Inc.® delivers an award-winning ecosystem of developer control suites, embeddable BI platforms, and business software. Syncfusion was founded in 2001 with a single software component and a mission to support businesses of all sizes—from individual developers and start-ups to Fortune 500 enterprises. Though its pilot product, the Essential Studio® suite, has grown to over 1,900 developer controls, its mission remains the same. With offices in the U.S., India, and Kenya, Syncfusion prioritizes the customer experience by providing feature-rich solutions to help developers and enterprises solve complex problems, save money, and build high-performance, robust applications.

    Contact: Brittany Kearns
    Phone: 571-271-7211
    Email: brittany@crossroadsb2b.com

    The MIL Network

  • MIL-OSI: Syncfusion® Drives AI-Powered Automation in Its Customer Support Platform, BoldDesk®

    Source: GlobeNewswire (MIL-OSI)

    RESEARCH TRIANGLE PARK, N.C., June 26, 2025 (GLOBE NEWSWIRE) — Syncfusion®, Inc., the enterprise technology provider of choice, today announced significant updates to BoldDesk®, its customer service and help desk ticketing platform. This release includes new, AI-driven automation features that shorten response time, reduce manual work, and give developers greater control over customer-support data.

    BoldDesk began as an in-house project built by our own engineers to organize the daily support queue, and that personal experience shapes every iteration,” said Daniel Jebaraj, CEO of Syncfusion. “The latest enhancements focus on harnessing AI to do the busywork, while preserving the transparency, governance, and open-API flexibility support teams expect.”

    These enhancements advance the BoldDesk Team’s goal to leverage AI for everyday support tasks and streamline agent workflows without adding complexity. The release centers on three themes: action-oriented AI; frictionless ticketing; and unified, omnichannel data. New features include:

    • AI actions execute tasks for you: Copilot can cancel orders, update licenses, and call external APIs directly from a ticket or chat.
    • AI-suggested replies in notifications: The AI can insert a context-aware suggestion into the automatic email sent to customers when they submit a ticket.
    • Live chat speeds up conversations: AI-written summaries and subject lines and service-level agreement (SLA) timers help agents close chats faster.
    • Drag-and-drop ticket forms: Group fields, preview attachments, and share links so agents reach the correct info faster.
    • No-code workflows gain safeguards: New business-hour conditions and execution logs improve workflows. A new draft mode lets admins test automations before launch.
    • Deeper integrations: Two-way Salesforce sync, new voice apps, and ticket automerging bring omnichannel context into a single view.
    • Usage dashboards and new languages: AI-specific analytics, persistent layouts, and six additional UI languages show ROI and support global teams.

    In addition to these updates, BoldDesk continues to deliver its signature value: unlimited agents for a single flat fee, ticket resolutions up to three times faster than siloed inboxes, and a centralized workspace that scales with growing teams. BoldDesk customers can enable these new features today from the platform’s admin center. For more information, visit bolddesk.com.

    About Syncfusion, Inc.
    Headquartered in the technology hub of Research Triangle Park, N.C., Syncfusion, Inc.® delivers an award-winning ecosystem of developer control suites, embeddable BI platforms, and business software. Syncfusion was founded in 2001 with a single software component and a mission to support businesses of all sizes—from individual developers and start-ups to Fortune 500 enterprises. Though its pilot product, the Essential Studio® suite, has grown to over 1,900 developer controls, its mission remains the same. With offices in the U.S., India, and Kenya, Syncfusion prioritizes the customer experience by providing feature-rich solutions to help developers and enterprises solve complex problems, save money, and build high-performance, robust applications.

    Contact: Brittany Kearns
    Phone: 571-271-7211
    Email: brittany@crossroadsb2b.com

    The MIL Network

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network

  • MIL-OSI: American Rebel Light Beer Sees Explosive E-Commerce Growth as Free Shipping Promo Drives Patriotic Sales Surge Ahead of July 4th

    Source: GlobeNewswire (MIL-OSI)

    Online Orders Soar as American Rebel Beer Ships to Over 40 States; Free Shipping Available Through June 30

    NASHVILLE, TN, June 26, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel, proudly reports explosive online sales growth fueled by enhanced digital marketing, optimized checkout performance, and a limited-time Free Shipping offer celebrating the Fourth of July and the 250th Birthday of the U.S. Army.

    American Rebel Light Beer launched its online direct to consumer option earlier this year through shop.americanrebelbeer.com, that expanded availability to over 40 U.S. states, giving patriotic Americans nationwide the opportunity to enjoy what the company calls “America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.”

    Patriotic Reach, Real Results: 22.9 Million Digital Impressions Drive Explosive Growth at AmericanRebelBeer.com

    In late May, American Rebel implemented major improvements to the online checkout process after onboarding e-commerce experts to map the user experience and identify where sales were stalling. That analysis led to the introduction of Flat Rate Shipping, which sparked an immediate lift in order volume. Encouraged by this success, and in celebration of Independence Day, the company launched a Free Shipping offer through June 30, 2025 – driving massive engagement and accelerating repeat orders.

    During this campaign period American Rebel generated a combined 22.9 million digital impressions across Facebook, Google, and Taboola – demonstrating exceptional consumer engagement and marketing reach across top-tier platforms. This digital expansion is translating into powerful, measurable business outcomes at americanrebelbeer.com

    Key highlights from the most recent performance period include:

    • Gross Online Sales surged 1100% driven by explosive customer demand.
    • Average Order Value (AOV) increased 14% to $59.62.
    • Conversion rates rose 1100%, signaling highly qualified traffic and improved customer targeting.
    • Orders climbed 1000%, marking a significant uptick in new and repeat purchases.
    • Website traffic jumped 4500%, amplifying visibility and brand discovery.
    • 48-pack beer sales soared 2900%, indicating a strong shift toward bulk purchases.
    • 24-pack (16oz) sales rose 801%, further validating product-market fit.
    • RCR (Repeat Customer Rate) improved by 72.7%, a clear indicator of growing customer satisfaction and long-term loyalty.

    We’re Not Just Selling Beer – We’re Building America’s Brand

    “This level of performance demonstrates what we’ve always believed – American Rebel Light Beer (“Rebel Light”) resonates with patriotic American consumers,” said Andy Ross, CEO of American Rebel Holdings. “We’re not just selling beer; we’re building a patriotic brand that people are proud to support. We’re building a brand rooted in freedom, faith, and love for country. Our customers aren’t just buying a beer, they’re standing for something, and the numbers speak for themselves – we are scaling, we are converting, and we are winning.”

    American Rebel’s performance is not only accelerating consumer sales but also establishing a strong foundation for long-term shareholder value through proven demand, smart digital investments, and expanding distribution opportunities.

    American Rebel Holdings, Inc. (NASDAQ: AREB) operates as a consumer brand company rooted in American values, offering American Rebel Light Beer and related merchandise across a growing national footprint. America’s Patriotic Brand continues to gain traction across the lifestyle, beverage, and digital commerce sectors.

    American Rebel Beer Shipping Now to 40+ States

    American Rebel Light Beer is available for home delivery in the following states:
    AZ, CA, CO, CT, DC, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MN, MO, MT, NC, NV, NH, NJ, NM, NY, OH, OK, OR, PA, RI, TX, VT, WA, WV, WI, WY

    The Free Shipping promotion, available through Monday, June 30, allows customers to stock up ahead of Independence Day. American Rebel encourages fans to order directly at shop.americanrebelbeer.com and celebrate freedom with every sip.

    About American Rebel Light Beer

    American Rebel Light is more than just a beer – it’s a celebration of freedom, passion, and quality. Brewed with care and precision, our light beer delivers a refreshing taste that’s perfect for every occasion.

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida, Indiana and now Virginia and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or follow us on our social media platforms (@americanrebelbeer).

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    For more information about American Rebel Light Beer follow us on social media @AmericanRebelBeer.

    For more information, visit americanrebelbeer.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com. For investor information, visit americanrebel.com/investor-relations.

    Watch the American Rebel Story as told by our CEO Andy Ross visit The American Rebel Story

    Media Inquiries:
    Matt Sheldon
    Matt@Precisionpr.co
    917-280-7329

    American Rebel Holdings, Inc.
    info@americanrebel.com
    ir@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of our continued sponsorship of high profile events, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Attachment

    The MIL Network

  • MIL-OSI: OSS Announces Third Order from Leading Asian Defense Contractor for Autonomous Maritime Application

    Source: GlobeNewswire (MIL-OSI)

    ESCONDIDO, Calif., June 26, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (“OSS” or the “Company”) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced it has received a third order from a leading defense contractor in Asia for an autonomous maritime application. The $340,000 purchase order is scheduled for delivery in the third quarter of 2025 and supports the production of unmanned surface vehicles (USVs) for harbor patrol and security operations.  

    The order builds on a $200,000 purchase made in December 2024 and marks a key transition from system development to production deployment. Based on current forecasts and the expected expansion of their USV product line production, OSS anticipates approximately $4 million in cumulative sales between 2026 and 2029. This multi-year opportunity reflects OSS’s growing position as a platform partner for next-generation autonomous maritime systems.

    OSS’s rugged enterprise class computing technology is embedded into a modular system that enables the conversion of manned patrol boats into autonomous surface vessels. The platform supports a range of mission profiles for defense, public safety, and maritime security, allowing vessels to operate autonomously, intelligently, and safely in complex marine environments.

    OSS is supplying 16 rugged 3U Gen 5 Short Depth Servers (SDS) and redundant ethernet switches for high-speed data ingest and interpretation of data from over 30 cameras.  The rugged system from OSS is designed to perform reliably in temperatures over 40°C and deliver the necessary computing power to support the USV’s computer vision and autonomous navigation system.

    “Today’s announcement demonstrates continued momentum in our partnership with a leading defense contractor and reflects the successful transition into the production phase of their USV program,” said OSS CEO Mike Knowles. “It also reinforces our broader platform-based growth strategy aimed at embedding OSS’s PCIe/Switch Fabric technology from initial development, through production scaling, and into long-term sustainment and support. We believe this model aligns with how global defense contractors build and manage critical programs. We see meaningful long-term value in this expanding relationship, and we are proud to support the deployment of next-generation autonomous maritime systems that advance national and maritime security.”

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to, the fitness of OSS’ products for unmanned autonomous maritime applications, actual revenue derived from current and expected purchase orders, our growth as a platform partner, performance reliability of the platform in certain conditions, and the timing of shipments and revenue. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network

  • MIL-OSI Economics: RBI imposes monetary penalty on The Karimnagar District Co-operative Central Bank Ltd., Telangana

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated June 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Karimnagar District Co-operative Central Bank Ltd., Telangana (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

    The statutory inspection of the bank was conducted by National Bank for Agriculture and Rural Development (NABARD) with reference to its financial position as on March 31, 2024. Based on supervisory findings of contravention of statutory provisions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said provisions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had sanctioned loans to its directors.

    This action is based on deficiencies in statutory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/598

    MIL OSI Economics

  • MIL-OSI Economics: RBI imposes monetary penalty on The Chittoor Co-operative Town Bank Ltd., Andhra Pradesh

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated June 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Chittoor Co-operative Town Bank Ltd., Andhra Pradesh (the bank) for non-compliance with certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions – UCBs’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2024. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia, that the following charges against the bank were sustained, warranting imposition of monetary penalty:

    The bank had:

    1. breached the prudential inter-bank (gross) and counterparty exposure limits; and

    2. failed to upload the KYC records of customers onto Central KYC Records Registry within the prescribed timeline.

    This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers. Further, imposition of this monetary penalty is without prejudice to any other action that may be initiated by RBI against the bank.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/599

    MIL OSI Economics

  • India wanted concerns on terrorism reflected in document: MEA on no adoption of Joint Statement at SCO meet

    Source: Government of India

    Source: Government of India (4)

    The Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meeting, held in Qingdao, China, concluded on Thursday without the adoption of a joint statement. The Ministry of External Affairs (MEA) said that India wanted concerns on terrorism reflected in the final document, which was not acceptable to one particular country, therefore the statement was not adopted.

    At the SCO meeting, Defence Minister Rajnath Singh called for united global action against terrorism, radicalisation, and extremism, citing them as the biggest threats to regional peace and trust.

    MEA spokesperson Randhir Jaiswal told reporters at the weekly media briefing: “I understand that the Defence Ministers could not adopt a joint statement. Certain member countries could not reach consensus on specific issues, and hence the document could not be finalised. India wanted concerns on terrorism to be reflected in the statement, which was not acceptable to one particular country.”

    He added that Rajnath Singh, in his address, urged all SCO member states to unite against terrorism in all its forms and manifestations.

    “Raksha Mantri reiterated the importance of holding perpetrators, organisers, financers, and sponsors of terrorism—especially cross-border terrorism—accountable and bringing them to justice. He called on all SCO nations to act in unison to strengthen regional stability and security,” Jaiswal said.

    During his speech, Singh also referred to the recent April 22 terror attack in Pahalgam, which claimed the lives of 26 civilians, including a Nepali national. He said India had exercised its right to self-defence through Operation Sindoor, which targeted and dismantled cross-border terrorist infrastructure.

    Reiterating India’s firm stance, Singh said that “epicentres of terrorism are no longer safe” and urged SCO nations to reject double standards and hold state sponsors of terrorism accountable.

    “We must be in lockstep in our efforts to strengthen stability and security in our neighbourhood,” he asserted.

    The two-day SCO meeting, hosted by China, concluded on Thursday and saw the participation of Defence Ministers from member countries including Russia, Iran, Pakistan, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.

    Singh’s visit to China came just over a month after Operation Sindoor, further underlining India’s security concerns and its zero-tolerance policy towards terrorism.

  • MIL-OSI Asia-Pac: Belt-Road commissioner promotes HK

    Source: Hong Kong Information Services

    Commissioner for Belt & Road Nicholas Ho this week led a delegation to Indonesia and Malaysia to promote Hong Kong’s professional services in the fields of infrastructure and construction and to explore opportunities for co-operation.

    The delegates visited Jakarta, Indonesia on Monday and Tuesday, then proceeded to Kuala Lumpur, Malaysia, yesterday and today. They met government officials, business leaders and representatives of professional organisations and enterprises in both places. The trip concluded today.

    Mr Ho and his delegation visited the Daya Anagata Nusantara Investment Management Agency and the Investment Coordinating Board in Indonesia, as well as the Public Private Partnership Unit of the Prime Minister’s Department and the Malaysian Investment Development Authority in Malaysia, to learn about economic and infrastructural developments in the two places.

    While in Malaysia, they also met the country’s Minister of Transport Loke Siew Fook to learn about the planning and development of Malaysia’s transportation system, with a view to exploring opportunities for Hong Kong’s professional services to participate and contribute.

    In addition, they attended presentations on signature projects in both countries, directly connecting with representatives of local enterprises to explore opportunities for investment and co-operation.

    They also attended business lunch events to promote Hong Kong’s business advantages to local business leaders.

    During the visits, Hong Kong representatives signed 21 Memoranda of Understanding with partners in Indonesia and Malaysia, covering such areas as business collaboration and professional services exchanges.

    While in Jakarta, Mr Ho also visited a data centre, an investment development project led by a Hong Kong company, and heard about the centre’s contribution to the development of the Digital Silk Road.

    Mr Ho highlighted that the Association of Southeast Asian Nations is Hong Kong’s second-largest trading partner and a key link in the Belt & Road Initiative.

    “Indonesia and Malaysia are both undergoing rapid infrastructure development, and there is huge demand for professional services in large-scale projects such as the new capital city of Nusantara in Indonesia and the mass rapid transit system in Malaysia.”

    He stressed that Hong Kong, as a super connector and a super value-adder, upholds international standards in fields such as financing, law, construction engineering, project management, logistics, transportation, and technological innovation.

    “We also have a deep pool of professionals with experience especially in taking forward public-private partnerships in infrastructure projects, presenting extensive room for collaboration with Indonesia and Malaysia to seize the opportunities brought by the Belt & Road Initiative.”

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: FS attends AIIB meeting in Beijing

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan attended the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing today. He also held separate meetings with Minister of Finance Lan Fo’an and AIIB President Jin Liqun.

    Mr Chan participated in the opening ceremony of the annual meeting and joined the subsequent Governors’ Official Session.

    During the meeting, he witnessed the signing of a strategic partnership agreement between the Hong Kong Monetary Authority (HKMA) and the AIIB. Under the partnership agreement, the HKMA will collaborate closely with the AIIB to support venture capital in emerging Asia to jointly support the emerging economies in the region to drive green transformation and development of infrastructure through scientific and commercial innovation.

    Speaking about the agreement, Mr Chan said that this collaboration combines and leverages the knowledge, experience, networks and strengths of the HKMA and the AIIB.

    He said: “It supports emerging Asian economies in accelerating their development towards more prosperous and inclusive growth through innovation and technology. Additionally, it aids in building a more vibrant venture capital and innovation ecosystem within the region and further reinforces Hong Kong’s status as an international financial, innovation and technology centre.”

    Mr Chan later met AIIB President Jin Liqun. He expressed Hong Kong’s willingness to further enhance collaboration with the AIIB amid the ongoing reshaping of the global economic landscape and the development challenges faced by emerging economies.

    Such initiatives can include issuing bonds in more currencies and of various tenors, advancing investment co-operation in infrastructure loan securitisation and catastrophe bonds, and mobilising private capital to support Asia’s green and sustainable development projects and relevant technological proposals.

    The Financial Secretary also reiterated Hong Kong’s support for the AIIB to establish an office in Hong Kong and said he looks forward to the proposal’s early implementation.

    He also called on Minister of Finance Lan Fo’an, where both parties exchanged in-depth views on the economic and social development of the Mainland and Hong Kong.

    Mr Chan highlighted that the Hong Kong Special Administrative Region Government will continue to fully support the issuance of renminbi (RMB) sovereign bonds in Hong Kong. Efforts will also be made to enrich investment products and risk management tools, enhance RMB liquidity, and improve financial infrastructure to build a more prosperous offshore RMB business ecosystem.

    MIL OSI Asia Pacific News

  • MIL-OSI: Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its inclusion in the S&P Global Broad Market Index (BMI), effective June 22, 2025. The addition to this widely recognized index marks a notable milestone for Diginex.

    The S&P Global BMI is one of the most comprehensive equity benchmarks in the world, covering more than 14,000 companies across developed and emerging markets. Inclusion in this index signals that Diginex meets BMI’s standards of market capitalization, liquidity, and public float adjustment, reinforcing its credibility with institutional investors and enhancing its visibility within the global investment community.

    “We believe Diginex’s inclusion in the S&P Global BMI is a strong validation of our corporate strategy, growth trajectory, and commitment to shareholder value,” said Mark Blick, CEO of Diginex Limited. “Being included in the S&P Global BMI not only increases our visibility among international investors but also positions us for potential investment by other passive and active funds that track global equity benchmarks.”

    Diginex’s inclusion in the S&P Global BMI index is expected to broaden its shareholder base and improve trading liquidity, further supporting its long-term growth.

    About S&P Global BMI
    The S&P Global Broad Market Index (BMI) is the only global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This comprehensive, rules-based index series employs a transparent and consistent methodology across all countries and includes more than 14,000 stocks from developed and emerging markets.

    About Diginex
    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    Diginex
    Investor Relations
    Email: ir@diginex.com

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk 

    The MIL Network

  • MIL-OSI: Diginex Limited Added to S&P Global BMI Index, Marking Key Milestone in the Company’s Development

    Source: GlobeNewswire (MIL-OSI)

    LONDON, June 26, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its inclusion in the S&P Global Broad Market Index (BMI), effective June 22, 2025. The addition to this widely recognized index marks a notable milestone for Diginex.

    The S&P Global BMI is one of the most comprehensive equity benchmarks in the world, covering more than 14,000 companies across developed and emerging markets. Inclusion in this index signals that Diginex meets BMI’s standards of market capitalization, liquidity, and public float adjustment, reinforcing its credibility with institutional investors and enhancing its visibility within the global investment community.

    “We believe Diginex’s inclusion in the S&P Global BMI is a strong validation of our corporate strategy, growth trajectory, and commitment to shareholder value,” said Mark Blick, CEO of Diginex Limited. “Being included in the S&P Global BMI not only increases our visibility among international investors but also positions us for potential investment by other passive and active funds that track global equity benchmarks.”

    Diginex’s inclusion in the S&P Global BMI index is expected to broaden its shareholder base and improve trading liquidity, further supporting its long-term growth.

    About S&P Global BMI
    The S&P Global Broad Market Index (BMI) is the only global index suite with a transparent, modular structure that has been fully float adjusted since 1989. This comprehensive, rules-based index series employs a transparent and consistent methodology across all countries and includes more than 14,000 stocks from developed and emerging markets.

    About Diginex
    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website: https://www.diginex.com/.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    Diginex
    Investor Relations
    Email: ir@diginex.com

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk 

    The MIL Network

  • MIL-OSI Africa: Courtesy Call on Minister Radegonde by Captain Vikas Guleria


    Download logo

    Captain Vikas Guleria, Commanding Officer of INS TEG paid a courtesy call on Mr. Sylvestre Radegonde, Minister for Foreign Affairs and Tourism, at Maison Quéau de Quinssy on Thursday, 26 June 2025.

    During the meeting, discussions centered on the enduring tradition of the Indian Armed Forces’ involvement in Seychelles’ National Day celebrations as well as this year’s National Day Parade. Captain Vikas Guleria, who participated in the national day festivities in Seychelles in 2017, is keen to enhance cultural and people to people relationships to foster regional partnerships during his visit.

    They also highlighted ongoing capacity-building efforts through the Indian Technical and Economic Cooperation (ITEC) programme for Seychelles Defence Forces personnel and the joint surveillance of Seychelles’ Exclusive Economic Zone (EEZ) being conducted in partnership with the Seychelles Coast Guard during INS TEG’s visit.

    Recognizing India as a key maritime security partner, Minister Radegonde underlined the importance of continued naval cooperation in addressing regional threats such as piracy off the Somali coast and other illicit maritime activities such, as Illegal, Unreported, and Unregulated fishing, in the Western Indian Ocean.

    Minister Radegonde expressed appreciation for India’s enduring support and reaffirmed Seychelles’ commitment to strengthening bilateral ties. He welcomed the continued presence of Indian naval vessels in Seychelles as a testament to the deepening military cooperation between the two nations.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs and Tourism, Republic of Seychelles.

    MIL OSI Africa

  • MIL-OSI Economics: Performance of Private Corporate Business Sector during 2024-25

    Source: Reserve Bank of India

    Today, the Reserve Bank released data on the performance of the private corporate sector during 2024-25 drawn from abridged financial results of 3,902 listed non-government non-financial (NGNF) companies. Corresponding data pertaining to 2023-24 are also presented in the tables to enable comparison. The data can be accessed at the web-link https://data.rbi.org.in/DBIE/#/dbie/reports/Statistics/Corporate%20Sector/Listed%20Non-Government%20Non-Financial%20Companies.

    Highlights

    Sales

    • During 2024-25, sales growth of listed private non-financial companies improved to 7.2 per cent from a low of 4.7 per cent during the previous year (Tables 1A).

    • Sales of manufacturing sector companies rose by 6.0 per cent during 2024-25 as compared to 3.5 per cent growth in the previous year, mainly led by automobiles, electrical machinery, food & beverages and pharmaceuticals industries. On the other hand, among the major industries, petroleum and iron & steel industries recorded contraction in their sales during 2024-25 (Tables 2A and 5A, Chart 1).

    • Despite global headwinds, sales growth of IT companies improved to 7.1 per cent during 2024-25 from 5.5 per cent in the previous year. Non-IT services companies recorded double digit sales growth during 2024-25, led by healthy performance of telecommunication, transport & storage services and wholesale & retail trade industries.

    Expenditure

    • In line with acceleration in sales, manufacturing companies’ expenses on raw material rose by 6.6 per cent during 2024-25; raw material to sales ratio increased to 55.7 per cent in 2024-25 from 54.2 per cent a year ago, pointing to input cost pressure (Table 2A and 2B).

    • Staff cost rose by 10.0 per cent, 4.4 per cent and 12.0 per cent during 2024-25 for manufacturing, IT and non-IT services companies, respectively; staff cost to sales ratio broadly remained stable for manufacturing companies while it moderated for services companies.

    Pricing power

    • With increase in the input costs, operating profit growth of manufacturing companies moderated to 6.0 per cent during 2024-25 from 12.4 per cent in the previous year; within services sector, profit growth moderated to 15.9 per cent in 2024-25 for the non-IT services companies, while it inched up to 6.1 per cent for IT companies (Table 2A).

    • During 2024-25, operating profit margin moderated by 20 basis points (bps), 80 bps and 30 bps to 14.2 per cent, 21.9 per cent and 22.1 per cent, respectively, for manufacturing, IT and non-IT services companies (Table 2B, Chart 2).

    Interest expenses

    List of Tables
    Table No. Title
    1 A Performance of Listed Non – Government Non-Financial Companies Growth Rates
    B Select Ratios
    2 A Performance of Listed Non-Government Non-Financial Companies – Sector – wise Growth Rates
    B Select Ratios
    3 A Performance of Listed Non-Government Non-Financial Companies according to Size of Paid-up-Capital Growth Rates
    B Select Ratios
    4 A Performance of Listed Non-Government Non-Financial Companies according to Size of Sales Growth Rates
    B Select Ratios
    5 A Performance of Listed Non-Government Non-Financial Companies according to Industry Growth Rates
    B Select Ratios
    Explanatory Notes
    Glossary of Terms

    Notes:

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/596


    MIL OSI Economics

  • MIL-OSI Asia-Pac: DH holds first briefing session for industry on regulatory regime for clinics and small practice clinics (with photo)

    Source: Hong Kong Government special administrative region

    The provisions of the Private Healthcare Facilities Ordinance (Cap. 633) regulating clinics and small practice clinics (SPCs), where registered medical practitioners and/or registered dentists practise, will come into effect on October 13. Operators of clinics and SPCs must obtain a clinic licence or a letter of exemption to continue their operations. Starting from that day, the Department of Health (DH) will begin accepting applications for clinic licences as well as requests for letters of exemption for SPCs. To help the industry fully understand the legal requirements, the DH today (June 26) held the first in-person briefing session, which was well attended by nearly 200 participants.
     
    The Ordinance provides for transitional arrangements for clinics that were already in operation on or before November 30, 2018. Operators of such clinics must submit applications for clinic licences to the Director of Health (DoH) between October 13, 2025, and April 13, 2026. Depending on the circumstances, the DH may issue a provisional licence to allow these clinics to continue their operation before a full licence is issued. This allows operators to make the necessary modifications to their clinics for complying with licensing requirements. The provisional licence will expire on any of the following: the date specified by the Secretary for Health for the expiry of provisions pertaining to provisional licences; the issuance of a full licence to the licensee; or the withdrawal or rejection of the full licence application.
     
    For clinics that commenced operation after November 30, 2018 (including new establishments or those relocated to new premises), operators may apply directly to the DoH for a full licence from October 13 onwards.
     
    For SPCs (i.e. clinics with no more than five registered medical practitioners and/or registered dentists that meet specific conditions under the Ordinance), operators may submit request for a letter of exemption to the DoH starting from October 13 for continued operation without obtaining a licence. The DH will issue letters of exemption to those meeting the requirements of the Ordinance.
     
    To help the industry fully understand the regulations, the DH has launched a publicity campaign on its website since the first quarter of this year and will progressively step up these efforts through various channels, including professional organisations, press releases, television announcements, and radio broadcasts. The DH will also arrange multiple briefing sessions for stakeholders from July to September to explain the application details and points to note. Please visit the website of the Office for Regulation of Private Healthcare Facilities (www.orphf.gov.hk) for details.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Performance venue reforms unveiled

    Source: Hong Kong Information Services

    The Leisure & Cultural Services Department today announced reforms to its hiring policy and performance venues, aiming to provide more performance slots for use by different arts groups and to establish clearer venue identities.

    Measures include repositioning the Hong Kong Coliseum. Having previously been accorded priority for sports events, it will in future be accorded priority for concerts, with more slots being provided to concert organisers in order to promote the development of a concert economy.

    Meanwhile, the East Kowloon Cultural Centre will be established as the city’s prime venue for long-running performances and arts technology. This new major venue is expected to be in full operation by the end of this year, and will be equipped with advanced equipment for hosting multimedia programmes. Special booking arrangements will be announced in July.

    The Sha Tin Town Hall Auditorium will accord priority to Cantonese opera. Professional troupes meeting specified criteria can make special bookings throughout the year for such performances. Priority booking arrangements will be announced in July.

    The Venue Partnership Scheme will also be enhanced. A sixth round of the scheme will operate for three years from April 1, 2026, providing more performance slots and deepening partnerships between venues and performing arts groups or organisations. The sixth round of the scheme will aim to strengthen venue identities, broaden the audience base, and select the best and suitable arts groups as venue partners.

    Interested local performing arts groups and organisations are invited to submit proposals by 5.30pm on August 20, 2025. The Invitation for Proposals document is available at Sha Tin Town Hall and Sheung Wan Civic Centre, and can also be downloaded online.

    The department will conduct two briefing sessions at the Cultural Centre – one at 10.30am on July 4 and another at 11.30am on July 14. The briefing sessions will be conducted in Cantonese. Call 2450 5692 for enquiries.

    MIL OSI Asia Pacific News

  • Axiom-4 docks with ISS; Shubhanshu Shukla becomes first ISRO astronaut aboard station

    Source: Government of India

    Source: Government of India (4)

    Group Captain Shubhanshu Shukla became the second Indian astronaut to reach space on Thursday, docking at the International Space Station aboard SpaceX’s Dragon spacecraft ‘Grace’ — 41 years after Rakesh Sharma’s historic flight.

    “Docking confirmed!” SpaceX said in a post on social media platform X.

    The private mission, organised by Axiom Space, reached the ISS at 6:30 am ET (4:00 pm IST), docking with the Harmony module after a 14-hour journey from NASA’s Kennedy Space Center in Florida. The crew lifted off at 2:31 am ET (12:01 noon IST) on Thursday.

    Shukla, a pilot in the Indian Air Force, is part of Axiom Mission 4 (Ax-4) along with three others — mission commander and former NASA astronaut Peggy Whitson, Polish ESA astronaut Sławosz Uznański-Wiśniewski, and Hungarian payload specialist Tibor Kapu.

    “Hello everyone, namaskar from space. I am thrilled to be here with my fellow astronauts… what a ride it was,” Shukla said in his first message from orbit, describing the sensation of being pushed into his seat during launch, followed by the stillness of weightlessness. “I’m learning like a baby — how to walk and eat in space.”

    Born in Lucknow, Shukla is the first Indian to reach the ISS, and the second Indian in space after Wing Commander Rakesh Sharma, who flew aboard the Soviet Soyuz T-11 in April 1984.

    During his two-week stay at the ISS, Shukla will conduct experiments in food systems and space nutrition. The research, developed in collaboration with ISRO, the Department of Biotechnology (DBT), and NASA, will examine how microgravity and radiation affect nutrient-rich edible microalgae — seen as a potential food source for future long-duration space missions.

    The study will analyse changes in gene expression, protein synthesis, and metabolic activity in algae grown in space, compared to Earth-based samples.

    Calling the mission “a step forward in India’s human spaceflight journey,” Shukla’s flight comes ahead of ISRO’s Gaganyaan mission, scheduled for 2025.

    IANS

  • President Droupadi Murmu to lead ‘MSME Day 2025’ celebrations in New Delhi

    Source: Government of India

    Source: Government of India (4)

    President of India, Droupadi Murmu, will preside over the ‘MSME Day 2025 – Udyami Bharat’ celebrations on June 27 at Vigyan Bhawan, New Delhi. The event will witness participation from micro, small, and medium enterprises (MSMEs) across the country.
     
    The day will serve as a platform to acknowledge the vital role of the MSME sector in driving economic growth and job creation while introducing forward-looking initiatives aimed at building a resilient and future-ready business ecosystem.
     
    To mark the silver jubilee of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), the President will release a commemorative postage stamp. Over the past 25 years, CGTMSE has extended more than 1.18 crore credit guarantees amounting to ₹9.80 lakh crore. In the financial year 2024–25 alone, a record ₹3 lakh crore worth of guarantees were approved, underlining its significance in supporting small businesses.
     
    President Murmu will also unveil the Ministry of MSME’s new Online Dispute Resolution (ODR) Portal. Designed to address the challenge of delayed payments, the portal will allow Micro and Small Enterprises to resolve disputes efficiently and cost-effectively from their preferred location. The initiative aims to free up blocked capital and boost business competitiveness by ensuring timely access to justice.
     
    Another key highlight of the event will be the launch of MSME Hackathon 5.0 and the announcement of results for Hackathon 4.0. The Hackathon is part of the MSME Champions Scheme’s Incubation component, which promotes innovation and the adoption of advanced technologies within the sector. Through registered Host Institutes, the scheme supports innovators with grants of up to ₹15 lakh per selected idea, helping nurture start-ups aligned with the vision of Atmanirbhar Bharat.
     
    In addition, the President will release MSME Patrika, an in-house journal offering updates and insights on MSME-related issues and opportunities, intended to foster experience sharing within the sector. A booklet titled Know Your Lender will also be launched to help MSMEs make informed credit decisions and better understand their financial rights.