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Category: Asia

  • MIL-OSI Global: Korean pear juice, IV drips, vitamin patches: do these trendy hangover cures actually work?

    Source: The Conversation – Global Perspectives – By Blair Aitken, Postdoctoral Research Fellow in Psychopharmacology, Swinburne University of Technology

    Isabella Mendes/Pexels

    We’ve all been there. The pounding headache, relentless nausea, and the kind of tired no amount of coffee can fix. Hangovers are a reminder that last night’s fun comes at a cost.

    These days, hangovers aren’t just something to complain about over a greasy breakfast – they’re big business. The global market for hangover cures is now valued at US$2.29 billion (A$3.53 billion) and projected to reach US$6.71 billion (A$10.33 billion) by 2032.

    These products – ranging from capsules to drinks to patches – appear to be popular. Nearly 70% of drinkers say they would buy an effective hangover remedy. But any scientific evidence they work is thin.

    First, what causes hangovers?

    Despite years of research, the exact cause of a hangover is still unclear. But we know several biological processes contribute to that hungover feeling.

    1. Your immune system is in overdrive

    When you drink, your body treats alcohol like a threat. It breaks alcohol down into acetaldehyde, a toxic byproduct that triggers an immune response, releasing inflammatory chemicals called cytokines.

    These chemicals are the same ones your body uses to fight infections, which is why a hangover can feel eerily similar to being sick.

    2. You’re dehydrated

    Alcohol blocks vasopressin, a hormone that helps the body retain water. Without it, you make more frequent trips to the bathroom and lose more fluid than you take in, leading to thirst, dry mouth, and the classic hangover headache.

    3. Your sleep takes a hit

    Although alcohol might help you fall asleep faster, it disrupts your natural sleep pattern. You get more deep sleep early on, but less rapid eye movement (REM) and light sleep stages.

    As the alcohol wears off, your brain rebounds with more REM sleep and frequent wake ups, leaving you groggy and cognitively impaired the next day.

    4. Your brain is recalibrating

    Alcohol disrupts several brain chemicals. It boosts gamma-aminobutyric acid, a calming neurotransmitter, and suppresses glutamate, which normally keeps you stimulated and alert. That’s part of why drinking feels relaxing. But as your body tries to rebalance, you may be left feeling anxious or irritable.

    When we feel rough the day after a big night of drinking, several things are happening in our body.
    Andrea Piacquadio/Pexels

    What’s in hangover ‘remedies’?

    Modern hangover remedies have evolved well beyond the “hair of the dog”. You’ve got liver-protecting capsules, electrolyte-packed drinks, vitamin patches for while you party, and strips that dissolve on your tongue – all with the goal of accelerating recovery.

    A 2025 analysis which looked at hangover products marketed in Australia found B vitamins and sodium were the most common ingredients, appearing in nearly half of all products reviewed.

    B vitamins are often included based on the idea alcohol depletes them, while sodium is thought to support rehydration. However, there’s little solid evidence that either significantly improves hangover symptoms in otherwise healthy people.

    Natural ingredients such as ginger and dihydromyricetin, a compound extracted from the Japanese raisin tree, were also popular, featuring in more than one-quarter and one-third of products respectively.

    Ginger is widely used to treat nausea and vomiting, and there’s some evidence to support its effectiveness for gastrointestinal symptoms. However, this is not specific to hangovers.

    Dihydromyricetin has been marketed as a revolutionary hangover fighter, with claims it helps the liver process alcohol more efficiently. Yet, when tested under controlled conditions, it failed to reduce hangover severity more than a placebo.

    Other popular ingredients show similarly underwhelming results. The amino acid L-cysteine has shown some benefits in one study, but the sample was too small to draw firm conclusions.

    Another product often marketed as a hangover remedy is Korean pear juice. If consumed before drinking, it may help the body break down alcohol more efficiently. A 2013 study found it slightly lowered blood alcohol levels and improved focus. However the effects were small, and it offered little benefit once a hangover had already set in.

    The juice from Korean pears is often sold as a hangover remedy.
    ND700/Shutterstock

    Another natural remedy that has shown some promise is red ginseng. One study found participants who drank red ginseng extract after alcohol were less thirsty, fatigued, had fewer stomach aches, and even had improved memory compared to people who drank just plain water.

    Mouse trials of ginseng have also shown consistent benefits across symptoms and biological markers of alcohol-related stress.

    How about IV drips and vitamin patches?

    Not all remedies come in pill or plant form. IV drips, often marketed as wellness boosters for energy, immunity, and even glowing skin, are now offered at clinics and “drip bars” for hangovers too. But unless you’re severely dehydrated, there’s little evidence these pricey infusions work any better than water, food and rest.

    Vitamin patches are also trending, claiming to deliver nutrients through the skin while bypassing digestion. But again, studies don’t necessarily support this. Most vitamins are better absorbed through food or oral supplements.



    Read more:
    A patch a day? Why the vitamin skin patches spruiked on social media might not be for you

    There’s no magic cure for a hangover

    As the hangover remedy market continues to grow, science hasn’t kept pace with marketing claims. However, these science-backed strategies may help:

    • pacing yourself and having no more than one standard drink an hour gives your liver time to keep up, so you’re less likely to feel too drunk or hungover the next day

    • stay hydrated by alternating alcoholic drinks with water

    • eating before drinking slows alcohol absorption and can help reduce stomach irritation

    • get plenty of sleep after a big night out, as your body does most of its recovery while you rest. Even a short nap the next day can help you feel better.

    Practising moderation can be difficult in the moment. But it’s likely to be your best bet to avoid waking up feeling rough the next day.

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

    – ref. Korean pear juice, IV drips, vitamin patches: do these trendy hangover cures actually work? – https://theconversation.com/korean-pear-juice-iv-drips-vitamin-patches-do-these-trendy-hangover-cures-actually-work-255947

    MIL OSI – Global Reports –

  • MIL-OSI Global: ‘Lived experience’ is valued in activism – but is it doing more harm than good?

    Source: The Conversation – UK – By Dr Jody Moore-Ponce, Assistant lecturer in Sociology University College Cork, University College Cork

    A Pride march in Istanbul, 2018. Lumiereist/Shutterstock

    The idea of “lived experience” – knowledge gained through direct, personal experience – is now central in activism, academia and politics. Popularised by feminist thinkers like Simone de Beauvoir and concepts like standpoint theory, it makes sense that people see the world differently based on what they’ve been through. And movements like #MeToo showed how sharing personal stories, particularly for oppressed, marginalised or victimised groups, can drive real change.

    Lived experience lends authority to those long excluded from public debate, offering insight traditional expertise may miss. But it also raises questions about who gets to speak. Those without direct experience of an issue can find their place in activism questioned.

    High-profile cases like Rachel Dolezal and Andrea Smith, activists who falsely claimed black and Native American ancestry, respectively, highlight how powerful the claim to lived experience has become – so much so that some feel compelled to lie about it in order to be heard.

    My research, based on in-depth interviews with 20 activists from a range of movements and backgrounds across Europe, India and the US, shows what challenges arise when lived experience is treated as the ultimate credential in activism. The interviewees revealed how emphasis on personal testimony can shift activism away from political action, toward guilt, polarisation and disengagement.

    This matters, because it affects who feels able to participate in movements pushing for social change.

    One trans activist stressed the importance of lived experience in leading the fight for transgender rights, warning that without trans voices at the centre, the movement risks overlooking key perspectives that are often absent from research and politics.

    For others, the emphasis on lived experience creates internal dilemmas. Activists without lived experience can feel unsure of their place. One white anti-racist activist based in the UK put it this way: “I would definitely be silent in a lot of things, and I wouldn’t be proud of it. But I wouldn’t have the right to speak up.”

    Another white female activist working in international development described a growing discomfort with her role: “I fundamentally question whether I have legitimacy in leadership. Can I legitimately show up? Or do I just need to leave the development sector entirely?”

    Want more politics coverage from academic experts? Every week, we bring you informed analysis of developments in government and fact check the claims being made.

    Sign up for our weekly politics newsletter, delivered every Friday.

    In some activist spaces, speaking without relevant lived experience is seen as a transgression. Identity becomes a kind of moral litmus test for who gets to speak and lead.

    Activists described an overwhelming sense of guilt about their own social advantages. One reflected on how acknowledging those advantages, by recognising the privileges they hold (and their subsequent lack of marginalised lived experience) can be a barrier to activism: “I think it is important to engage in self-awareness, but sometimes it moves into self-criticism. You can stall if you’re always feeling guilty.”

    One interviewee observed a “collective inertia” among allies, activists and academics who, unsure of their place, chose silence over action.

    Another described how guilt about having a privileged lived experience shifts the focus away from collective political action and toward perfecting the self — a kind of confessional self-work that risks becoming inward-focused, rather than leading to meaningful social change.

    These comments reflect concerns raised in social justice research about how guilt, humility and lived experience can shape or stall activism. My findings suggests that while lived experience remains vital, the way it’s used matters — when it isolates rather than unites, or fuels self-focus over action, we need to use it more carefully, in ways that build connection and drive change.

    Identity, experience and diversity of opinion

    Some activists strongly defended the idea that those with the least privilege should have the most say. As one LGBTQ+ activist put it: “The person who has the least privilege in society gets to decide what is true. If you’re straight and cis, and you’re a guy, middle-aged, and white, check your privileges.”

    While this perspective centres voices long pushed to the margins, it can also wrongly assume everyone with a particular lived experience will have the same views on an issue.

    Many writers and philosophers, such as Frantz Fanon, have challenged the idea that identity alone dictates political outlooks. As British writer Kenan Malik recently argued: “Black and Asian communities are as politically diverse as white communities.”

    Latino and black voters’ support for Donald Trump in the US has challenged many people’s assumptions about how identity dictates political allegiance.

    A Black Lives Matter march in London, June 2020.
    Avel Shah/Shutterstock

    This tension has prompted some activist organisations to rethink their approach. The UK charity Migrant Rights Network shifted their messaging from “lived experience-led” activism to “lived experience and values-led” activism in 2023.

    They argued that figures like Rishi Sunak and Suella Braverman demonstrate that lived experience alone does not guarantee shared values. Both come from immigrant backgrounds and have experienced racism, yet their support for restrictive immigration policies has led critics to question whether their personal histories count as valid lived experience.

    At the heart of this is an uncomfortable question: should lived experience only be recognised when it aligns with certain political values?



    Read more:
    Minority ethnic politicians are pushing harsh immigration policies – why representation doesn’t always mean racial justice

    A way forward

    My research suggests that if we only value lived experience when it confirms our own views, we risk turning it into a selective tool rather than a genuine commitment to listening.

    If we say lived experience matters, we have to be willing to engage with it across the spectrum — even when it challenges us. That doesn’t mean we have to agree, but it does mean staying open to dialogue.

    None of this means lived experience should be dismissed – it provides essential insight into how injustice is felt, understood and navigated by those most affected. However, when it becomes the sole measure of credibility, it can create divisions within activist spaces and silence people who want to contribute.

    A more productive approach would be to view lived experience not as the final word or the end of a conversation, but as a starting point — one that invites listening, dialogue and ultimately, collective action.

    As one activist in my study reflected: “If you take the time to talk and listen, you’re not disqualified just because you didn’t grow up in that context. The key is humility.”

    Dr Jody Moore-Ponce 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. ‘Lived experience’ is valued in activism – but is it doing more harm than good? – https://theconversation.com/lived-experience-is-valued-in-activism-but-is-it-doing-more-harm-than-good-253467

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Sobyanin met with entrepreneurs participating in the Made in Moscow project

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    The flagship site of the Green Market program is operating on Bolotnaya Square “Made in Moscow”. Sergei Sobyanin met there with representatives of small and medium-sized businesses – participants in the capital’s “Made in Moscow” program.

    According to the Mayor of Moscow, the departure of foreign brands from the Russian market has given the capital’s entrepreneurs additional opportunities to promote their brands and products. The city, in turn, provides businesses with a wide range of various support measures that allow companies to actively develop, improve their products and present them to a wide audience, including abroad.

    “It’s not just about Western brands, but about the fact that Moscow as a whole has a lot of competition. There are about a million small and medium-sized businesses registered in Moscow, imagine the volume – millions of workers, trillions of turnover. And this is, in fact, such a powerful competitive environment, from which the best ones grow, who not only trade in Moscow, not only in Russia, but also throughout the world. It is, of course, wonderful that we have survived all the difficulties, the difficulties with Covid, with sanctions. You have not only survived, but are developing, demonstrating a high level of your work. This is, of course, great. I thank you and wish you success,” said the Mayor of Moscow.

    The head of the press service of the capital’s cosmetics company, Tasha Rydvanova, in turn thanked Sergei Sobyanin for the opportunities provided. According to her, thanks to the support of the Moscow Export Center, they supply their products to more than 20 countries around the world. The company also takes part in the city program “Made in Moscow”.

    According to Irina Amosova, co-founder of one of the capital’s companies, over the past two years, capital entrepreneurs have created 33 thousand new brands. Currently, the top 10 cosmetics brands are Russian. This became possible, among other things, thanks to the city’s support, in particular grants to reimburse the costs of purchasing equipment. Now their company exports its products to 13 countries, including Vietnam and Türkiye.

    “The Made in Moscow program, which was launched in 2022 and has already become a flagship in the field of supporting Moscow manufacturers, helps promote our brands. The program unites companies producing goods in more than 35 categories. Their products and services are in demand both in the capital and far beyond its borders,” the Moscow Mayor wrote in

    on your telegram channel.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin

    Currently, more than seven thousand companies are participants in the program — representatives of small, medium and large businesses. The main objectives of the program are to promote the growth of Moscow consumer product brands, increase customer loyalty and enter new markets.

    “Green Market” on Bolotnaya Square

    May 25, 2025 as part of the project “Summer in Moscow” The Green Market of the Made in Moscow program has opened. A total of 12 art pavilions with products from local brands will be presented at the tourist sites.

    The Green Market of the Made in Moscow project has opened on Bolotnaya Square

    The flagship site is located on Bolotnaya Square. In its main pavilion, the greenhouse, more than 500 brands demonstrate what they produce: clothing, accessories, cosmetics, jewelry, children’s and sports goods, furniture, household goods, food, souvenirs. In total, over 30 thousand products are presented there.

     

    An important task of the market is to support participants of the special military operation (SVO) and residents of new regions. Part of the proceeds from the sale of goods will be sent to the charity fund “People’s Front. Everything for Victory!”

    The meeting with the Mayor of Moscow was attended by entrepreneurs representing such Moscow brands as:

    — Veter Sport (founded by Anton Ivanov) — produces custom-designed equipment for the local cycling sports community. With the city’s support, the company was able to purchase equipment and launch a new production line. The product catalog has three main areas: cycling, running, and triathlon equipment;

    — Silver Spoon (founder — Tamara Pularia) — produces stylish and high-quality clothing for children and teenagers. Thanks to a preferential loan provided by the city, they were able to scale their own retail network;

    — Maneken Brand (founded by Sergey Alimov) — produces designer clothing and accessories. In 2025, the company became one of the first participants in the preferential lending program secured by intellectual property rights and was able to scale up production;

    — Icon Skin (founder — Irina Amosova) — produces highly effective medical cosmetics that are used in beauty salons and clinics. Thanks to grants for the development of export activities and the acquisition of equipment, they increased the number of employees and expanded their own production;

    — Mere (founded by Maria Rafikova) — produces designer clothing, the concept of which is based on pure geometry, simple forms and the spirit of the metropolis. A preferential loan received with the support of the city allowed to increase the staff and production in 2024;

    — Como Casa (founder — Mikhail Grachev) — produces designer furniture at its own production facility in Moscow. The company opened after the departure of major foreign brands in 2022. Participation in city events, including Moscow Interior and Design Week, allowed it to increase its revenue several times;

    — Climtcosmetics (founder — Alexander Soshilov) — produces decorative cosmetics. In 2024, the company actively participated in the Made in Moscow programs. Thanks to the city’s support, the brand strengthened its position on the market and from a startup started by four participants, it turned into a company with 25 employees;

    — “Akademiya T” (CEO — Enver Tokayev) — an innovative research and production company, whose main activity is the release of new high-tech sports and therapeutic nutrition products, as well as research and development in the field of nutrition and biotechnology. The brand’s catalog includes vitamins, concentrates, and useful supplements. The company is the official supplier of products for the Russian national teams, and is implementing its project in the special economic zone “Technopolis Moscow”;

    — SportDots (founded by Kirill Orlov) — produces smart clothing for professional and amateur athletes. The items have integrated flat elastic elements — dots — that help increase endurance, thereby improving the effectiveness of training. The company participated in the Made in Moscow market at the 2025 Moscow Half Marathon in the Luzhniki Olympic Complex, which increased brand awareness;

    — Ecolatier (owner — Daria Ostromenskaya) — produces everyday care cosmetics based on natural and organic components. The company regularly participates in Beauty Week and other major specialized exhibitions. With the support of the Moscow Government, the brand has increased sales of its products;

    — Vitmins (CEO — Andrey Garmashov) — produces vitamins for sports and life. Thanks to the programs of the Moscow Venture Fund, the company attracted additional financing, which allowed it to increase its staff and establish production.

    Moscow brands are increasing production and creating new lines of clothing and accessories

    The main pavilion has a master class area where Moscow entrepreneurs conduct training sessions with children and adults. Market guests can use the fitting rooms and relax in the food court on the second floor.

    In addition, the flagship site has a stage for educational and leisure events, including lectures, performances by artists and musicians, prize draws from local brands and presentations of new products. There is a rollerdrome for young visitors. The decoration of the Green Market on Bolotnaya Square is a miracle tree, which attracts attention in the evenings with a bright light show.

    The work of the “Green Market” “Made in Moscow” will last until September 7, 2025. Details can be found on the website.

    Development of small and medium-sized businesses in Moscow

    Entrepreneurship is one of the key sectors of the Moscow economy. Small and medium-sized businesses today are more than 927 thousand enterprises, which is 14 percent of small and medium-sized businesses (SMEs) in Russia. In 2024, they provided 1.2 trillion rubles in tax revenues (27 percent) to the city budget and more than a third of the capital’s employment (almost 40 percent – 3.4 million people).

    The stable growth of SMEs is indicated by the indicators of transition to larger categories. Thus, last year about 11 thousand Moscow companies exceeded the threshold values of their category and moved from microenterprises to small, from small to medium, from medium to large enterprises. This is 40 percent more than the year before (7.9 thousand).

    The largest sectors in terms of the number of SMEs are trade, professional activities (science, research), real estate transactions and construction.

    To accommodate small and medium-sized innovative businesses, 47 technology parks have been created in Moscow, in which 2.2 thousand companies work – this is 74.2 thousand jobs. In terms of the level of development of innovative infrastructure, the Russian capital ranks first in Europe.

    The Moscow Innovation Cluster (MIC) provides cooperation with the main participants of the innovation ecosystem. The cluster’s digital platform i.moscow https://i.moscow/ has more than 50 electronic services for business development and scaling. Enterprises from 87 regions of Russia are registered on the platform, and the number of services they have received has exceeded 125 thousand. Thanks to i.moscow services, companies have received support from the city in the amount of more than 19.3 billion rubles and attracted over 46.6 billion rubles in investments. With the participation of MIC, every second transaction on the venture market of the capital is carried out and 37 percent of Moscow patents are registered. With its help, businesses have implemented 18.4 thousand innovative projects, including six thousand in cooperation with other participants and partners of the cluster.

    In 2024, on the instructions of Sergei Sobyanin, a strategy for the development of entrepreneurship in the capital was developed. The key objectives are to increase the share of the technology sector in the city’s economy and support the growth and efficiency of the capital’s business. These priorities reflect the main goals of national projects in the economic sphere.

    As part of the implementation of the strategy, the Moscow Government provides comprehensive support to small and medium-sized businesses.

    According to the results of 2024, every 11th business was covered by various support measures – more than 80 thousand entrepreneurs received over 300 thousand services.

    Moscow is the first region of Russia to launch regional preferential lending programs in 2020, which are the most popular measure of financial support for SMEs. Over the past period, Moscow entrepreneurs have concluded over 37 thousand loan agreements, which allowed them to attract more than 380 billion rubles in additional funding for business development.

    Another effective measure of financial support is guaranteeing credit obligations, which solves the problem of a lack of own collateral.

    The guarantees of the Moscow Fund for Assistance to Lending cover up to 70 percent of the loan amount, in total – up to 100 million rubles. Moscow entrepreneurs have been provided with over 20 thousand guarantees, under which they attracted financing in the amount of more than 392 billion rubles.

    In total, more than 15 financial support measures are available to entrepreneurs.

    Non-financial support measures are also in high demand. They are aimed at increasing entrepreneurial literacy: free consultations, educational and business events, as well as electronic services.

    Every year, SME representatives receive more than 130 thousand consultations. More than 140 thousand entrepreneurs use educational programs. The number of requests for online products exceeds 160 thousand.

    The city helps capital producers enter foreign markets. The Moscow Export Center (MEC) plays a key role in this, providing a wide range of support measures.

    Among them are educational and acceleration programs that help companies improve their export competence and formulate a step-by-step plan for entering foreign markets. In addition, the MEC promotes Moscow brands abroad and assists in establishing sales on international platforms.

    In addition, it helps businesses obtain financial support from the city – in particular, to obtain preferential loans for the implementation of export contracts and to apply for an export grant.

    Thanks to the comprehensive support provided by the MEC, Moscow companies have concluded export contracts worth over 120 billion rubles with partners from more than 60 friendly countries.

    50 companies received support in the competition “Grant for registration of 100 first”The Made in Moscow project will present new art pavilions for businesses this summer

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //vv.mos.ru/mayor/tkhemes/12856050/

    MIL OSI Russia News –

  • MIL-OSI: Approved base prospectus of UAB “Atsinaujinančios energetikos investicijos”

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW.

    On 16 May 2025 an extraordinary general meeting of shareholders of UAB “Atsinaujinančios energetikos investicijos”, the closed-end investment company intended for informed investors (hereinafter, the “Company”) approved up to EUR 100,000,000 nominal value Unsecured Fixed Rate Note Programme (hereinafter, the “Notes”). The Company has drafted the base prospectus for the Notes issued under the programme to be introduced to trading on the regulated market AB Nasdaq Vilnius Bond list (hereinafter, the “Prospectus”), which was approved by the Bank of Lithuania on 27 May 2025 (please see the attached documents).

    IMPORTANT NOTICE:

    This notification is not for distribution to United States news agencies or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.

    Distribution of this announcement and other information in connection with the securities may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

    No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. The Prospectus is the only legally binding document containing information on the Company, the Notes and their admission to trading on the regulated market. The Prospectus is published on the website of the Company https://lordslb.lt/aei_green_bonds_2025/ as well as on www.nasdaqbaltic.com and www.crib.lt.

    Approval of the Prospectus shall not be understood as an endorsement of the securities admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Furthermore, the securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

    Additional information:

    Mantas Auruškevičius

    Manager of the Investment Company

    mantas.auruskevicius@lordslb.lt

    Attachments:

    1. Base Prospectus
    2. Decision of the Bank of Lithuania regarding approval of the prospectus (in Lithuanian)

    Attachments

    The MIL Network –

  • MIL-OSI Global: Golden Dome: An aerospace engineer explains the proposed US-wide missile defense system

    Source: The Conversation – USA – By Iain Boyd, Director of the Center for National Security Initiatives and Professor of Aerospace Engineering Sciences, University of Colorado Boulder

    Posters that President Donald Trump used to announce Golden Dome depict missile defense as a shield. AP Photo/Mark Schiefelbein

    President Donald Trump announced a plan to build a missile defense system, called the Golden Dome, on May 20, 2025. The system is intended to protect the United States from ballistic, cruise and hypersonic missiles, and missiles launched from space.

    Trump is calling for the current budget to allocate US$25 billion to launch the initiative, which the government projected will cost $175 billion. He said Golden Dome will be fully operational before the end of his term in three years and will provide close to 100% protection.

    The Conversation U.S. asked Iain Boyd, an aerospace engineer and director of the Center for National Security Initiatives at the University of Colorado Boulder, about the Golden Dome plan and the feasibility of Trump’s claims. Boyd receives funding for research unrelated to Golden Dome from defense contractor Lockheed Martin.

    Why does the United States need a missile shield?

    Several countries, including China, Russia, North Korea and Iran, have been developing missiles over the past few years that challenge the United States’ current missile defense systems.

    These weapons include updated ballistic missiles and cruise missiles, and new hypersonic missiles. They have been specifically developed to counter America’s highly advanced missile defense systems such as the Patriot and the National Advanced Surface-to-Air Missile System.

    For example, the new hypersonic missiles are very high speed, operate in a region of the atmosphere where nothing else flies and are maneuverable. All of these aspects combined create a new challenge that requires a new, updated defensive approach.

    Russia has fired hypersonic missiles against Ukraine in the ongoing conflict. China parades its new hypersonic missiles in Tiananmen Square.

    So it’s reasonable to think that, to ensure the protection of its homeland and to aid its allies, the U.S. may need a new missile defense capability.

    Ukrainian forces are using the U.S.-made Patriot missile defense system against Russian ballistic missiles.

    What are the components of a national missile defense system?

    Such a defense system requires a global array of geographically distributed sensors that cover all phases of all missile trajectories.

    First, it is essential for the system to detect the missile threats as early as possible after launch, so some of the sensors must be located close to regions where adversaries may fire them, such as by China, Russia, North Korea and Iran. Then, it has to track the missiles along their trajectories as they travel hundreds or thousands of miles.

    These requirements are met by deploying a variety of sensors on a number of different platforms on the ground, at sea, in the air and in space. Interceptors are placed in locations that protect vital U.S. assets and usually aim to engage threats during the middle portion of the trajectory between launch and the terminal dive.

    The U.S. already has a broad array of sensors and interceptors in place around the world and in space primarily to protect the U.S. and its allies from ballistic missiles. The sensors would need to be expanded, including with more space-based sensors, to detect new missiles such as hypersonic missiles. The interceptors would need to be enhanced to enable them to address hypersonic weapons and other missiles and warheads that can maneuver.

    Does this technology exist?

    Intercepting hypersonic missiles specifically involves several steps.

    First, as explained above, a hostile missile must be detected and identified as a threat. Second, the threat must be tracked along all of its trajectory due to the ability of hypersonic missiles to maneuver. Third, an interceptor missile must be able to follow the threat and get close enough to it to disable or destroy it.

    The main new challenge here is the ability to track the hypersonic missile continuously. This requires new types of sensors to detect hypersonic vehicles and new sensor platforms that are able to provide a complete picture of the hypersonic trajectory. As described, Golden Dome would use the sensors in a layered approach in which they are installed on a variety of platforms in multiple domains, including ground, sea, air and space.

    These various platforms would need to have different types of sensors that are specifically designed to track hypersonic threats in different phases of their flight paths. These defensive systems will also be designed to address weapons fired from space. Much of the infrastructure will be multipurpose and able to defend against a variety of missile types.

    In terms of time frame for deployment, it is important to note that Golden Dome will build from the long legacy of existing U.S. missile defense systems. Another important aspect of Golden Dome is that some of the new capabilities have been under active development for years. In some ways, Golden Dome represents the commitment to actually deploy systems for which considerable progress has already been made.

    Is near 100% protection a realistic claim?

    Israel’s Iron Dome air defense system has been described as the most effective system of its kind anywhere in the world.

    But even Iron Dome is not 100% effective, and it has also been overwhelmed on occasion by Hamas and others who fire very large numbers of inexpensive missiles and rockets at it. So it is unlikely that any missile defense system will ever provide 100% protection.

    The more important goal here is to achieve deterrence, similar to the stalemate in the Cold War with the Soviet Union that was based on nuclear weapons. All of the new weapons that Golden Dome will defend against are very expensive. The U.S. is trying to change the calculus in an opponent’s thinking to the point where they will consider it not worth shooting their precious high-value missiles at the U.S. when they know there is a high probability of them not reaching their targets.

    CBS News covered President Donald Trump’s announcement.

    Is three years a feasible time frame?

    That seems to me like a very aggressive timeline, but with multiple countries now operating hypersonic missiles, there is a real sense of urgency.

    Existing missile defense systems on the ground, at sea and in the air can be expanded to include new, more capable sensors. Satellite systems are beginning to be put in place for the space layer. Sensors have been developed to track the new missile threats.

    Putting all of this highly complex system together, however, is likely to take more than three years. At the same time, if the U.S. fully commits to Golden Dome, a significant amount of progress can be made in this time.

    What does the president’s funding request tell you?

    President Trump is requesting a total budget for all defense spending of about $1 trillion in 2026. So, $25 billion to launch Golden Dome would represent only 2.5% of the total requested defense budget.

    Of course, that is still a lot of money, and a lot of other programs will need to be terminated to make it possible. But it is certainly financially achievable.

    How will Golden Dome differ from Iron Dome?

    Similar to Iron Dome, Golden Dome will consist of sensors and interceptor missiles but will be deployed over a much wider geographical region and for defense against a broader variety of threats in comparison with Iron Dome.

    A second-generation Golden Dome system in the future would likely use directed energy weapons such as high-energy lasers and high-power microwaves to destroy missiles. This approach would significantly increase the number of shots that defenders can take against ballistic, cruise and hypersonic missiles.

    Iain Boyd receives funding from the U.S. Department of Defense and Lockheed-Martin Corporation, a defense contractor that sells missile defense systems and could potentially benefit from the implementation of Golden Dome.

    – ref. Golden Dome: An aerospace engineer explains the proposed US-wide missile defense system – https://theconversation.com/golden-dome-an-aerospace-engineer-explains-the-proposed-us-wide-missile-defense-system-257408

    MIL OSI – Global Reports –

  • MIL-OSI USA: Statement from Congressman Jonathan L. Jackson on the Passing of Congressman Charles B. Rangel

    Source: United States House of Representatives – Representative Jonathan Jackson – Illinois (1st District)

    It is with profound sadness and a heavy heart that I join our nation in mourning the loss of Congressman Charles B. Rangel—a titan of public service, a warrior for justice, and a beacon of hope for generations of Americans. His passing leaves an irreplaceable void in the fabric of our nation, but his extraordinary legacy will forever illuminate the path toward equity and dignity for all.

    Congressman Rangel was not only a colleague and mentor but a cherished friend and a guiding force in my life. His bond with my father, the Reverend Jesse L. Jackson, was forged in the fires of the Civil Rights Movement, where they stood shoulder to shoulder in the fight for voting rights, economic justice, and the soul of our democracy. “Charlie” as we all affectionately called him, was a brother in struggle and a steadfast ally who reminded us that “service is the rent we pay for the privilege of living on this Earth.” His counsel to me, as a young man navigating the weight of my family’s legacy, was unwavering: “Keep your eyes on the horizon, but never forget the people who lifted you there.”

    A son of Harlem and a decorated Korean War veteran, Congressman Rangel carried the scars of battle—both on the battlefield, where he earned a Purple Heart, and in the halls of Congress, where he waged a 46-year campaign against inequality. As a founding member of the Congressional Black Caucus, he transformed its vision into a powerhouse for progress, championing landmark legislation from the Martin Luther King Jr. National Holiday to the fight for Reparations. His leadership as Chair of the House Ways and Means Committee redefined economic fairness, ensuring that prosperity reached those too long left behind.

    Charlie’s life was a living testament to Black history. From his humble beginnings in a Harlem housing project to his rise as one of Congress’ most influential voices, he embodied the resilience and brilliance of our community. He stood as a bridge between the giants of the Civil Rights era and the leaders of today, reminding us that the fight for justice is both timeless and urgent. His unapologetic advocacy for the marginalized—whether through challenging apartheid in South Africa or battling discriminatory drug policies at home—cemented his place among the pantheon of American freedom fighters.

    To the Rangel family, I extend my deepest condolences and the gratitude of a nation forever shaped by his courage. Charlie Rangel’s light will never dim. As we mourn, let us also celebrate a life that taught us to lead with conviction, serve with compassion, and never surrender in the pursuit of what is right.

    Rest in power, Chairman. Your rent was paid in full.

    ####

    MIL OSI USA News –

  • MIL-OSI Security: Summary Report: FBI Denver 2024 Investigative Review of Wyoming Cases Involving Missing or Murdered Indigenous Persons

    Source: US FBI

    In 2024, FBI Denver launched a data collection project to review Missing or Murdered Indigenous Persons (MMIP) cases in the state of Wyoming. This initiative began with collecting tips from the public as well as case information from Wyoming law enforcement regarding MMIP investigations in Wyoming over the last 10 years. During this review, FBI Denver identified a new lead in a cold case due to advancements in technology, identified contributing factors associated with death investigations in and around the Wind River Indian Reservation (WRIR), and identified no new homicides or unknown missing persons investigations in Wyoming from public and law enforcement outreach efforts.

    In 2015, FBI Denver was advised of evidence retained by a coroner’s office from a 1969 cold case homicide on the Wind River Indian Reservation. FBI Denver opened a cold case investigation, however evidence reviewed by the FBI laboratory did not identify any new leads at that time. Based on recent advancements in technology, FBI Denver will re-open the investigation for investigative genetic genealogy review to identify potential new leads.

    A 10-year review of death investigations involving Native American victims in Wyoming identified gunshot wounds as the primary manner of death for homicides cases. This review identified the majority of Native American homicides are occurring in or around the Wind River Indian Reservation and involve Native American offenders and Native American victims. Intoxicants were a major contributing factor in the death investigations reviewed. FBI Denver did review the age of victims and offenders for Native American homicide cases in Wyoming; however, the ages of the victims and offenders varied greatly.

    The 10-year review of death investigations involved thoroughly reviewing documents such as medical reporting, law enforcement reporting, interviews, and evidence reports. The following are examples:

    • In August 2019, a Native American male was kidnapped by three other Native American males in Riverton, Wyoming. The individual was beaten and transported onto the WRIR, where he was executed and dumped off a bridge. Through extensive cooperation with other state and local LE agencies, the FBI successfully prosecuted the three subjects, all of whom received lengthy prison sentences.
    • In November 2017, a Native American male was found deceased inside a suitcase in the crawlspace of a home on the WRIR. The individual suffered from blunt force injuries and severe sharp force injuries. The investigation indicated the victim in this case was killed due to his refusal to provide alcohol to other involved individuals during a party at the residence. The FBI was able to successfully identify and prosecute four Native American individuals that were involved in the captioned homicide case.

    FBI Denver also collected information from public outreach efforts including a press release, public forums, and tip lines. Between February 8 2024, and October 30, 2024, FBI Denver received eight tips, however these tips did not provide any new leads or identify any unknown missing or murdered indigenous persons cases.

    MIL Security OSI –

  • MIL-OSI: For Every Crypto Futures Trader: BexBack Launches 100x Leverage, Double Deposit Bonus, and $50 Welcome Gift—No KYC

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 27, 2025 (GLOBE NEWSWIRE) — With Bitcoin prices hovering above $100,000, analysts believe that the cryptocurrency market will remain in a state of high volatility for a long time. For investors, holding spot positions may no longer be enough to make a significant profit. In view of this, BexBack exchange has launched a groundbreaking offer to empower traders: 100% deposit bonus, $50 new user welcome bonus, and 100x leverage on cryptocurrency trading – all without KYC.

    Why 100x Leverage Is a Game-Changer?

    With 100x leverage, you can multiply your trading positions with minimal capital, unlocking unparalleled profit potential. Here’s how it works:

    • Assume Bitcoin is priced at $100,000. By opening a long position with 1 BTC and applying 100x leverage, your trade controls a position worth 100 BTC.
    • If the price rises to $105,000, your profit would be (105,000−100,000)×100÷100,000=5BTC—a 500% return.

    Coupled with BexBack’s 100% deposit bonus, you can further amplify your trading power and increase your opportunities to profit.

    How Does the 100% Deposit Bonus Work?

    The deposit bonus is an exclusive feature designed to enhance your trading experience:

    1. Boost Your Margin: The bonus serves as additional margin, allowing you to take larger positions.
    2. Reduce Liquidation Risk: During volatile markets, the bonus acts as a safety buffer to help maintain your positions.
    3. Profits Are Yours: While the bonus itself cannot be withdrawn, the profits earned using it are fully withdrawable.

    BexBack’s Unique Advantages

    1. No KYC Required: Enjoy fast account setup and anonymous trading without lengthy verification.
    2. 100x Leverage: Amplify your trading power and seize market opportunities with one of the highest leverage offerings.
    3. 100% Deposit Bonus: Double your trading capital and increase your potential returns.
    4. $50 Welcome Bonus: New users can claim $50 in BTC after completing their first trade.
    5. Demo Account: A risk-free 10 BTC demo account allows users to practice strategies and familiarize themselves with the platform.
    6. Zero Spreads and No Slippage: All trades are executed at precise market prices, ensuring cost transparency.
    7. Global Support: Available in the US, Canada, Europe, and beyond, with 24/7 multilingual customer assistance.
    8. Affiliate Rewards: Earn up to 50% commission with no caps or time limits through the platform’s affiliate program.

    About BexBack

    BexBack is a premier cryptocurrency derivatives platform headquartered in Singapore, with offices in Hong Kong, the United States, Japan, and the United Kingdom. The platform is trusted by over 500,000 traders worldwide and holds a US MSB (Money Services Business) license, ensuring compliance with regulatory standards.

    BexBack proudly accepts users from the United States, Canada, and Europe, offering a seamless trading experience regardless of location. With innovative trading tools, robust security measures, and user-friendly interfaces, BexBack caters to both beginners and seasoned traders.

    The platform provides:

    • Comprehensive Futures Contracts: Trade BTC, ETH, ADA, SOL, XRP and 50+ other major altcoins with up to 100x leverage.
    • Flexible Accessibility: Available on web and mobile for trading anytime, anywhere.
    • Top-Notch Security: Multi-signature wallets, SSL encryption, and cutting-edge data protection.
    • Transparent Fees: No deposit fees, zero spreads, and simple, straightforward pricing.

    By combining innovation, compliance, and user focus, BexBack ensures a superior trading experience tailored to meet the diverse needs of a global audience.

    Don’t Miss Out—Start Trading Today!

    Whether you’re a seasoned trader or a newcomer, BexBack provides the tools and resources to maximize your crypto trading potential. Take advantage of the 100% deposit bonus, $50 welcome bonus, and 100x leverage to capitalize on Bitcoin’s historic price surge.

    Sign up now and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c26dfc5e-f9fa-4700-b044-2ac85938a9c1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a6582598-8383-4b59-b781-fcdca76867e0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0c56606d-69d3-4e5a-b8a9-bb646a8bb1c2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/075de411-ff8d-4f0b-803c-45e0d3366b9a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c4517a01-3145-48a6-9e09-9c78c67217b7

    The MIL Network –

  • Indian all-party delegation concludes visit to Kuwait, highlights united stand against terrorism

    Source: Government of India

    Source: Government of India (4)

    An all-party delegation from India, led by Member of Parliament Baijayant Panda, concluded a two-day visit to Kuwait aimed at strengthening bilateral ties and reinforcing India’s unified approach against terrorism.

    Kuwait was the second stop in the delegation’s four-nation diplomatic outreach following a visit to Bahrain. The visit comes in the wake of the recent terrorist attack in Pahalgam, Jammu and Kashmir, which the Indian side described as a deliberate attempt to disrupt peace and development. Kuwait was among the first countries in the region to condemn the attack, with official messages of condolence sent by His Highness the Amir, the Crown Prince, and the Prime Minister of Kuwait to India’s President and Prime Minister. Kuwait’s Foreign Minister, H.E. Abdullah Ali Al-Yahya, also spoke with Indian External Affairs Minister Dr. S. Jaishankar to express solidarity.

    During the visit, the delegation held a substantive meeting with Sherida Abdullah Saad Al-Maousherji, Kuwait’s Deputy Prime Minister and Minister of State for Cabinet Affairs. The Indian side outlined its policy of ‘Zero Tolerance’ and the ‘New Normal’ approach to counter-terrorism, which does not distinguish between terrorists and their supporters. The Deputy Prime Minister welcomed India’s perspective and reiterated Kuwait’s position that terrorism has no justification. Both sides affirmed their commitment to combating terrorism in all its forms.

    The delegation also met with representatives of leading Kuwaiti media outlets and members of the Indian regional media based in Kuwait. MP Panda highlighted the strategic nature of the India-Kuwait partnership, touching on high-level engagements, growing trade and investment, cultural linkages, and the contributions of the Indian diaspora. He emphasized that counter-terrorism cooperation is a critical pillar of the bilateral relationship.

    In a special Diwaniya-style dialogue co-hosted with Kuwait-based think tank Reconnaissance Research, the delegation engaged with members of Kuwaiti civil society, including royal family members, former ministers, senior editors, academics, and opinion leaders. Discussions centered on the evolving security situation in the Indian subcontinent and India’s counter-terrorism posture. Participants unanimously agreed that terrorism must be opposed through collective action.

    The delegation also visited the exhibition Rihla-e-Dosti: 250 Years of India-Kuwait Friendship at the National Library of Kuwait. The exhibit showcased rare manuscripts, coins, books, and cultural artefacts reflecting the enduring historical and cultural bonds between the two nations.Interacting with the Indian community in Kuwait, the delegation conveyed India’s national consensus on combating terrorism. India’s response to the Pahalgam incident, including Operation Sindoor, was well-received and garnered strong support from the diaspora.

     

  • MIL-OSI China: Aerial and maritime live-force drill of China-Cambodia “Golden Dragon 2025” joint exercise conducted 2025-05-27 19:35:29

    Source: People’s Republic of China – Ministry of National Defense

      SIHANOUKVILLE, Cambodia, May 27 — On May 26, the aerial and maritime live-force drill of the China-Cambodia “Golden Dragon 2025” joint exercise kicked off in the sea area and airspace near the port of Sihanoukville in Cambodia. A joint taskforce comprising 11 naval vessels and 3 air force helicopters from the two countries participated in the drill.

      In the scenario of a cargo ship hijacked by “terrorists” riding armed speedboats, and focusing on the joint maritime counter-terrorism and anti-hijacking operations, the drill mainly included the joint response, accompanying escort, counter-terrorism and anti-piracy, joint aerial and maritime search and rescue, and other training subjects.

      After receiving the situation briefing, the joint taskforce rushed to the “incident sea area”. Following target identification through the search at sea, the navy and air force participating troops applied various methods to deter and stop the “terrorists”, implemented rapid blocking and guard, and carried out visit, board, search, and seizure (VBSS). They also jointly searched and rescued the “terrorists” falling overboard and provided medical aid to them on humanitarian grounds.

      Subsequently, the two sides jointly held a conclusion ceremony for the aerial and maritime live-force drill. The drill achieved the purpose of mutual learning and advancement, and demonstrated the firm will and competence of both sides in jointly safeguarding maritime security.

      (Video Editor: Huang Panyue)

    loading…

    MIL OSI China News –

  • MIL-OSI China: Chinese premier calls for forging example of openness, development cooperation with ASEAN, GCC

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

    Chinese Premier Li Qiang on Tuesday called on China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) countries to jointly forge an example in openness, development cooperation and cross-civilization integration.

    He made the remarks when addressing the inaugural ASEAN-China-GCC Summit held in Kuala Lumpur, the capital of Malaysia.

    Li called on the three sides to create a model of cross-region openness, noting that the population and economic aggregate of China as well as countries of the ASEAN and the GCC account for approximately one quarter of the world’s total.

    A full connection of the three markets will surely give rise to a much larger space for development and a more significant scale effect, he said.

    China and the ASEAN have fully completed the negotiations on the upgrade of the Version 3.0 China-ASEAN Free Trade Area, Li noted, adding that it is expected that an early completion of talks on the free trade area agreement between the GCC and various parties can be done so as to elevate trilateral trade levels.

    He urged the three sides to unswervingly expand regional opening-up, and build the related regions into a large shared market where resources, technologies and talents flow more efficiently, and trade and investment enjoy greater freedom and convenience, so as to fully unleash the powerful effect of open development.

    Li also called on the three sides to forge a model of cooperation across different development stages, saying that although the three sides are at different stages of development, their differences are not obstacles to cooperation but complements to each other’s strengths.

    China, he said, is ready to deepen strategic alignment with the ASEAN and the GCC on the basis of mutual respect and equal treatment, enhance coordination of macroeconomic policies and strengthen collaboration in industrial specialization.

    “We should strive to turn our own strengths into those of everyone, and at the same time help each other tackle new challenges emerging in development, create new ways of international industrial economic cooperation, and promote a coordinated development in which their abilities can be fully explored, and benefits can be doubled and shared,” he said.

    The Chinese premier urged the three sides to create a model of cross-civilization integration, noting that the three sides are home to vibrant civilizations and share Asian values of peace, cooperation, openness and inclusiveness.

    He called for deeper cultural and people-to-people exchanges and a stronger foundation of mutual trust, and called on the three sides to effectively manage differences through mutual understanding, foster mutually beneficial cooperation through the exchange of ideas and explore a new path for the inclusive advancement of diverse civilizations.

    The Chinese side, he said, actively supports the initiative of Confucian-Islamic civilizational dialogue proposed by Malaysian Prime Minister Anwar Ibrahim.

    China is ready to work with the ASEAN and the GCC to implement the Global Civilization Initiative, promote mutual learning among civilizations and build greater consensus and momentum for peace and development, he added. 

    MIL OSI China News –

  • Income Tax Department extends date for filing ITRs from July 31 to Sep 15

    Source: Government of India

    Source: Government of India (4)

    The Income Tax Department on Tuesday extended the due date for filing income tax returns for FY 2024-25 (AY 2025-26) from July 31 to September 15.

    “In view of the extensive changes introduced in the notified ITRs and considering the time required for system readiness and rollout of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26,” the Central Board of Direct Taxes (CBDT) announced in a statement on Tuesday.

    This extension is expected to address concerns raised by stakeholders and provide adequate time for compliance, thereby ensuring the integrity and accuracy of the return filing process, the statement added.

    The notified ITRs for AY 2025-26 have undergone structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting. These changes have necessitated additional time for system development, integration, and testing of the corresponding utilities.

    Furthermore, credits arising from TDS statements—due for filing by May 31—are expected to begin reflecting in early June, effectively limiting the filing window without such an extension.

    Accordingly, to facilitate a smooth and convenient filing experience for taxpayers, the due date for filing ITRs, originally July 31, has been extended to September 15. A formal notification to this effect will be issued separately, the statement said.

    The CBDT notified income tax return forms ITR-1 and ITR-4 for FY 2024-25 and AY 2025-26 on April 30. Returns for income earned during the financial year from April 1, 2024, to March 31, 2025, must be filed using the new forms.

    A major change in the ITR forms this year is that ITR-1 (SAHAJ) can now be used to report long-term capital gains (LTCG) under Section 112A, provided the LTCG does not exceed ₹1.25 lakh and the assessee has no capital losses to carry forward or set off.

    Earlier, ITR-1 did not include provisions to report capital gains tax. This year, taxpayers who have long-term capital gains from the sale of listed equity shares and equity-oriented mutual funds can file their returns using ITR-1.

    However, ITR-1 cannot be used by taxpayers who have capital gains from the sale of house property or short-term capital gains from listed equity and equity mutual funds.

    The notification also stipulates that taxpayers who opted out of the new income tax regime in AY 2024–25 must declare and indicate whether they wish to continue or reverse that selection.

    Those opting out of the new regime for the first time in AY 2025–26 are required to furnish the acknowledgement details of Form 10-IEA.

    Additionally, there must be clarification regarding the late filing of Form 10-IEA.

    IANS

  • MIL-OSI Asia-Pac: Lo Chung-mau meets WHO official

    Source: Hong Kong Information Services

    Secretary for Health Prof Lo Chung-mau today met World Health Organization Representative to China Martin Taylor to exchange views on various healthcare issues and explore the strengthening of related healthcare co-operation.

    During the meeting, Prof Lo introduced Mr Taylor to the comprehensive tobacco control strategies in Hong Kong, and the new-phase measures formulated around the four directions of regulating supply, banning promotion, expanding no smoking areas, and enhancing education.

    Both parties agreed that sustained international co-operation is particularly important to further strengthening global tobacco control efforts and safeguarding public health.

    Meanwhile, Prof Lo continued to meet the visiting Mainland delegations attending the Hospital Authority Convention 2025.

    In the morning, he met the delegation led by Shanghai Municipal Health Commission Deputy Director General Prof Hu Hongyi, to discuss healthcare talent exchanges between Hong Kong and Shanghai, and the internationalisation of Chinese medicine standards.

    At the afternoon meeting with the delegation led by Vice Chairman of the People’s Government of the Xizang Autonomous Region Luo Mei, Prof Lo introduced the structure of the healthcare system in Hong Kong and shared relevant management experience. Both sides also discussed the development of traditional medicine.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Moomoo Expands into Cryptocurrency Market with Launch of New Digital Asset Business

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., May 27, 2025 (GLOBE NEWSWIRE) — Moomoo, a global investment and trading platform, is thrilled to announce its expansion into cryptocurrency trading with the upcoming launch of Moomoo Crypto, a comprehensive digital asset investment service for its U.S. users.

    The new U.S. Crypto’s plan to launch over 30 coins is an exciting option for moomoo investors to trade on its all-in-one trading platform. Moomoo leverages its established technology infrastructure and user-friendly interface to provide a seamless trading experience across both traditional securities through Moomoo Financial and digital assets through Moomoo Crypto. It will initially support trading of major cryptocurrencies including Bitcoin, Ethereum, and several other leading tokens for its current users, with plans to expand its offerings in the coming months to give users access in a gradual launch. The platform, backed by Moomoo Financial, will leverage Coinbase’s markets and infrastructure through its leading Crypto-as-a-Service (“CaaS”) platform.

    “As digital assets continue to gain mainstream adoption, we saw a clear opportunity to apply our expertise in creating accessible yet sophisticated investment tools for crypto space,” said Neil McDonald, moomoo’s US CEO.  “With Moomoo Crypto, we’re bridging the gap between traditional and digital finance, providing our users with the tools and insights they need to navigate this dynamic market.”

    Investors interested in crypto will be able to find an all-in-one platform with 32 coins offerings armed with advanced tools and various educational resources. Some advanced tools include spot charting and advanced charting, and moomoo is planning to adopt specific tools for crypto such as copy trading by early September.

    “We’re seeing growing demand from platforms like moomoo as crypto becomes increasingly mainstream,” said Brian Foster, Global Head of CaaS at Coinbase. “Our Crypto-as-a-Service offering is designed to help bridge traditional and digital finance, giving partners the infrastructure, security, and tools they need to confidently build in crypto and serve a wide range of users.”

    The move comes as interest in digital assets reaches new heights, with increasing retail participation and regulatory clarity emerging in key markets. Moomoo’s entry into the cryptocurrency sector helps the company capture growing demand from its existing user base of active investors while attracting new crypto-focused traders to its platform.

    About moomoo
    Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

    Founded in the U.S., moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.

    For more information, please visit moomoo’s official website at www.moomoo.com or feel free to email us: pr@us.moomoo.com.

    Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., Investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.

    Cryptocurrencies are not legal tender, not backed by any government, and not FDIC insured or SIPC protected. Cryptocurrency trading involves high risk and potential loss of principal. Crypto services are offered by Moomoo Crypto Inc. (NMLS Number 2287314). Not available in all states, see our full licensing disclosures here.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fa41088-a4e3-4db6-9551-5e3678ed14bd

    The MIL Network –

  • MIL-OSI: Channel Factory Launches Intelligence Suite and AI-Powered Products to Maximize Ad ROI and Contextual Precision

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — Channel Factory, the global brand suitability and contextual advertising platform, is introducing Channel Factory Intelligence, along with two new AI-driven solutions to streamline media intelligence: the Media Intelligence Hub, a unified reporting dashboard, and the Chatbot Assistant, Channel Factory’s first personalized AI data analyst.

    Channel Factory Intelligence is powered by machine learning and is the result of the company’s multi-year investment in building proprietary AI models and algorithms. Additionally, the fully integrated AI product suite contains Channel Factory’s newest AI solutions, incorporating both unparalleled brand suitability and contextual precision across digital video platforms while ensuring advertisers maximize return on ad spend with advanced optimization.

    As advertisers continue to reckon with a lack of critical insights when executing campaigns across multiple platforms, many existing AI solutions seek to rectify this issue by demanding a trade-off of control and transparency. Channel Factory Intelligence eliminates that compromise and acts as a “second brain” to deliver precise, optimized campaign insights while maintaining complete visibility. Based on an independent verification study conducted by PwC, Channel Factory has significantly optimized ad performance for advertisers, reducing media waste by more than 20% and achieving 99% accuracy in content categorization—delivering maximum efficiency, precision, and ROI.

    The two new analytics, live insights, and reporting tools announced today are the first products available within the new intelligence suite and can be leveraged via Channel Factory’s AI-driven media activation and optimization proprietary platform for cross-platform campaigns, ActivateIQ.

    Media Intelligence Hub is a customizable dashboard that centralizes campaign data, cross-platform, and surfaces foundational insights, such as total media cost, delivery, and performance. Instead of juggling multiple reports, advertisers get a clear and singular view that reduces inefficiencies, breaks down data silos, and supports faster, smarter decision-making.

    The hub enables advertisers to move from reactive to proactive strategies, while built-in machine learning forecasts trends, automates reporting, and provides optimization recommendations in real-time. Advertisers can adjust their budgets on the go and significantly improve ROI by reducing media waste with live tracking of planned versus actual spending and delivery.

    Also launching today is the new Chatbot Assistant, Channel Factory’s first personalized AI data analyst, embedded within ActivateIQ. By combining real-time analytics with Channel Factory’s industry-leading contextual intelligence, the assistant helps advertisers make instant adjustments to campaigns, content, and ad spend, preventing waste on the wrong audiences or markets. The assistant delivers curated campaign performance summaries that offer much-needed transparency between ad agencies and their technology partners.

    “Channel Factory isn’t just a vendor but they’re a strategic extension of our team. Their understanding of contextual targeting, smart optimization, knowledge of the product and platforms they work on, and collaboration, has helped us unlock stronger outcomes for our clients. They consistently ensure our campaigns are performing, efficient, brand-safe, and impactful at scale,” said Mark Kwak, Director, Paid Social and Programmatic at Starcom.

    “Running ad campaigns requires you to dig through mountains of data. Some of it is valuable, but so much can be insignificant, forcing you to spend time digging through unnecessary metrics to find actionable insights. Our industry is only tapping the surface of what’s possible when you can apply AI to solve this problem,” said Anudit Vikram, Chief Product Officer at Channel Factory. “Our new Chatbot Assistant and Media Intelligence Hub surface the insights that truly drive performance, giving advertisers the clarity they need to make confident, strategic decisions.”

    About Channel Factory
    Channel Factory is a global technology and data platform that optimizes business performance and enhances brand reputation through ethical and effective contextual targeting. Utilizing proprietary AI and brand suitability technologies, Channel Factory ensures ads are placed on brand-safe, contextually relevant content across YouTube, CTV platforms, and social media, including Meta and TikTok. Through its conscious media planning, Channel Factory is committed to promoting sustainability, diversity, and positive content, helping brands achieve their goals while fostering a healthier digital ecosystem.

    Channel Factory has a presence in 31 countries across the Americas, Europe, the Middle East, Asia, and ANZ, providing advertisers with IAB standard category lists and customized content options in 49+ languages. For more information about Channel Factory, please visit http://www.channelfactory.com

    Media Contact:
    Aimee Miller
    aimee@broadsheetcomms.com

    The MIL Network –

  • MIL-OSI Russia: Xinjiang-Central Asia Agricultural Machinery and Inputs Expo to be held in Kashgar, Xinjiang

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    URUMQI, May 27 (Xinhua) — The Xinjiang Central Asia Agricultural Machinery and Production Equipment Expo will be held in Kashgar Prefecture of northwest China’s Xinjiang Uygur Autonomous Region from Sept. 26 to 28.

    This year, the total area of exhibition pavilions within the event will exceed 50 thousand square meters. At the moment, more than 600 enterprises have applied to participate in the event. Buyers from Kyrgyzstan, Kazakhstan, Uzbekistan, and Tajikistan have been invited to it.

    In addition, leading enterprises in the fields of seeds, fertilizers, agricultural and veterinary drugs, agricultural machinery, etc. will participate in the expo, and agricultural production technologies and equipment will be fully demonstrated. The event aims to promote agricultural development and increase farmers’ incomes in southern Xinjiang, and help producers develop markets in southern Xinjiang and Central Asia.

    The exhibition will also feature a China-Central Asia Business Fair and a Central Asia Logistics Business Fair, which will aim to promote exchanges in agricultural science and technology and match supply and demand.

    It is worth recalling that in 2024, more than 100 enterprises participated in the Xinjiang-Central Asia Agricultural Machinery and Capital Goods Expo, where more than 1,000 pieces of mechanical equipment were exhibited, and transactions worth nearly 300 million yuan were concluded. -0-

    MIL OSI Russia News –

  • MIL-OSI: Parched Hospitality Group Puts the Guest Experience First with New Paytronix Rewards App

    Source: GlobeNewswire (MIL-OSI)

    Loyalty with an Australian Vibe — Parched launches a tiered rewards program to engage and reward guests digitally, across its unique dining & cocktail brands

    NEWTON, Mass. and NEW YORK, May 27, 2025 (GLOBE NEWSWIRE) — Paytronix, the leader in guest engagement for restaurants and convenience stores, and Australian culture inspired Parched Hospitality Group have launched “Parched Locals,” a powerful new rewards program and mobile app to engage with guests across all four of its iconic restaurant brands: Daintree; Hole in the Wall; Isla & Co.; and Wallflower. Guests can sign up for membership to become a Local with any store in the Parched family to get rewards and bonus perks across all the brands.

    Parched operates nine unique restaurants in New York and Florida, featuring multiple concepts that take inspiration from Australia where much of the executive team was born. Stop by Hole in the Wall or Isla and Co. for an Australian street corner vibe to enjoy a cup of specialty coffee and hearty breakfast, or dinner and date night out. Swing by Wallflower for cocktails and a bite, where vinyl records are found spinning throughout the night. Or experience the Australian forest environment at Daintree to enjoy the lush greenery and rooftop view, under the watchful eye of the New York skyline.

    “We’ve got such a fantastic group of loyal customers, we wanted to give back to them and make sure they feel as much a part of our family as we feel about them,” said Tom Rowse, Chief Strategy Officer, Parched, “The Parched Locals program and mobile app will help expand and grow our family while thanking them. Paytronix brings so many ways to surprise and reward guests, engaging with them through a program that’s true to each brand’s unique needs and style.”

    Become a Mate Today
    By downloading the Parched mobile app new mates will automatically get a free cocktail, coffee or fries just for signing up!

    The mobile app is designed to be a one-stop shop to explore all the Parched venues. There, guests can reserve a table, explore the menu, manage their account and earn/redeem rewards. When on the go, they can order online – with app exclusive pricing just for members! Earn and redeem rewards at any restaurant in the Parched family. Sign up online, or at any local Parched location during checkout.

    Members earn points for every purchase they make and also gain first access to special offers and limited-time rewards. Frequent guests can move up tiers in the program to unlock additional perks and extra rewards.

    “Parched designed their digital brand intentionally to ensure guests feel at home and experience Australian hospitality however they engage, across the Parched brands”, said Andrea Mulligan, Chief Customer Officer, Paytronix. “The guest experience has been at the center of the brand since its conceptualization. Parched is giving back to its regular customers and making it convenient for people to engage with them whether in person or remotely.”

    Parched deployed the full Paytronix guest engagement platform, which also provides powerful tools for online ordering, rewards, email/messaging/SMS and marketing, and gift card solutions. Rollout was easy, with Paytronix integrating directly with the Toast POS system used by Parched. Paytronix even supported specialized integration needs, like direct integration of Sunday QR code payments.

    About Parched Hospitality Group
    Parched Hospitality Group (PHG) began in 2014 with the opening of a boutique New York City coffee shop, Hole in the Wall. This humble establishment quickly became an iconic café brand, laying the foundation for PHG’s expansion into a multi-concept hospitality group. Drawing inspiration from Australian, Southeast Asian, and European cultures, PHG delivers exceptional customer experiences and innovative concepts–a third place for guests in each local community it operates in.

    Today, PHG’s portfolio includes renowned establishments such as Hole in the Wall, Isla & Co., Daintree, and Wallflower, each venue offering unique dining experiences, from modern Australian cuisine to innovative cocktails. Parched operates nine restaurants across New York and Florida as well as a direct-to-consumer coffee brand, all connected by a shared mission that puts community, customer experience, and creativity at the heart of everything they do. Learn more at https://parchedhg.com/.

    About Paytronix
    Paytronix, an Access Group company, is a cloud-based digital guest engagement platform for the hospitality industry. Our innovative, unified platform provides loyalty programs, online ordering, gift cards, branded mobile applications, and strategic insights to more than 1,800 leading restaurant and convenience store brands. Our valued clients leverage the power of Paytronix across 50,000 sites globally to create seamless, personalized, and brand-authentic experiences that foster lasting relationships with their customers. For more than 20 years, Paytronix has been a trusted partner helping brands maximize the lifetime value of their guests and grow more profitable businesses. For more information, visit www.paytronix.com.

    Media Contact:
    Calen McGee
    Paytronix Systems, Inc.
    Calen.McGee@theaccessgroup.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5188c284-8a8e-457a-ab04-d356fd629588

    The MIL Network –

  • MIL-OSI Global: Pope Leo XIV is the first member of the Order of St. Augustine to be elected pope – but who are the Augustinians?

    Source: The Conversation – USA – By Joanne M. Pierce, Professor Emerita of Religious Studies, College of the Holy Cross

    Pope Leo XIV leaves the Augustinian General House in Rome after a visit on May 13, 2025. AP Photo/Domenico Stinellis

    When Pope Leo XIV was elected pope, the assembled crowd reacted with joy but also with surprise: He was the first pope from the United States, and North America more broadly. Moreover, he was the first member of the Order of St. Augustine to be elected to the papacy.

    Out of all 267 popes, only 51 have been members of religious orders. Pope Francis was elected in 2013 as the first member of the Jesuit order, the Society of Jesus; he was also the first member of any religious order to be chosen in over 150 years.

    As a specialist in medieval Christianity, I am familiar with the origins of many Catholic religious orders, and I was intrigued by the choice of a member of the Order of St. Augustine to follow a Jesuit as pope.

    So, who are the Augustinians?

    Early monks and concern for community

    In antiquity, some Christians chose to lead a more perfect religious life by leaving ordinary society and living together in groups, in the wilderness. They would be led by an older, more experienced person – an abbot. As monks, they followed a set of regulations and guidelines called a “monastic rule.”

    The earliest of these rules, composed about the year 400, is attributed to an influential theologian, later a bishop in North Africa, called St. Augustine of Hippo. The Rule of St. Augustine is a short text that offered monks a firm structure for their daily lives of work and prayer, as well as guidelines on how these rules could be implemented by the abbot in different situations. The rule is both firm and flexible.

    The first chapter stresses the importance of “common life”: It instructs monks to love God and one’s neighbor by living “together in oneness of mind and heart, mutually honoring God in yourselves, whose temples you have become.”

    This is the overriding principle that shapes all later instructions in Augustinian rule.

    For example, Chapter III deals with how the monks should behave when out in public. They should not go alone, but in a group, and not engage in scandalous behavior – specifically, staring at women.

    If one monk starts staring at a woman, one of the other monks with him should “admonish” him. If he does it again, his companion should tell the abbot first, before any other witnesses are notified, so that the monk can try to change his behavior on his own first, so as not to cause disruption in the community.

    Because of this clarity and flexibility, its concern for both the community and the individual members, many early religious communities in the early Middle Ages adopted the Rule of St. Augustine; formal papal approval was not required at this time.

    Mendicant friars in medieval Europe

    By the end of the 12th century, Western Europe had become much more urbanized.

    In response, a new form of religious life emerged: the mendicant friars. Unlike monks who withdrew from ordinary life, mendicants stressed a life of poverty, spent in travel from town to town to preach and help the poor. They would beg for alms along the way to provide for their own needs.

    The first mendicant orders, like the Franciscans and Dominicans, received papal approval in the early 13th century. Others were organized later.

    A few decades later, several hermits living in the Italian region of Tuscany decided to join together to form a new mendicant order. They chose to follow the Rule of St. Augustine under one superior general; Pope Innocent IV approved the new order as the Order of Hermits of St. Augustine in 1244. Later, in 1254, Pope Alexander IV included other groups of hermits in the order, known as the Grand Union.

    The new order grew and eventually expanded across Western Europe, becoming involved in preaching and other kinds of pastoral work in several countries.

    Early missionaries to modern times

    As European countries began to explore the New World, missionary priests took their place on ships sent from Catholic countries, like Spain and Portugal.

    Augustinians were among these early missionaries, quickly establishing themselves in Latin America, several countries in Africa and parts of Southeast Asia and Oceania, arriving in the Philippines in the 16th century.

    There, they not only ministered to the European crews and colonists, but they also evangelized – preached the Christian gospel – to the native inhabitants of the country.

    Augustinian missionaries started the process of setting up Catholic parishes and, eventually, new dioceses. In time, they founded and taught in seminaries to train native-born men who wanted to join their order.

    It wasn’t until the end of the 18th century that Augustinian friars arrived in the United States. Despite many struggles and setbacks in the 19th century, they established Villanova University in Pennsylvania and other ministries in New York and Massachusetts. Except for two 17th-century missionaries, Augustinian friars didn’t arrive in Canada until the 20th century, when they were sent from the German province of the order to escape financial pressure from the economic depression of the 1920s and political pressure from the Nazis.

    Pope Francis meets with members of the Order of Augustinian Recollects at the Vatican on Oct. 20, 2016.
    L’Osservatore Romano/Pool Photo via AP

    Today, there are some 2,800 Augustinian friars in almost 50 countries worldwide. They serve as pastors, teachers and bishops, and have founded schools, colleges and universities on almost every continent. They are also active in promoting social justice in many places – for example, in North America and Australasia, comprising Australia and parts of South Asia.

    Based on his years as a missionary and as provincial of the entire order worldwide, Leo XIV draws on the rich interpersonal tradition of the Order of St. Augustine. I believe his pontificate will be one marked by his experiential awareness of Catholicism as a genuinely global religion, and his deep concern for the suffering of the marginalized and those crushed by political and economic injustice.

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

    – ref. Pope Leo XIV is the first member of the Order of St. Augustine to be elected pope – but who are the Augustinians? – https://theconversation.com/pope-leo-xiv-is-the-first-member-of-the-order-of-st-augustine-to-be-elected-pope-but-who-are-the-augustinians-257175

    MIL OSI – Global Reports –

  • Paraguay’s President Pena to hold bilateral talks with PM Modi during state visit

    Source: Government of India

    Source: Government of India (4)

    Paraguay President Santiago Pena Palacios will pay a state visit to India at the invitation of Prime Minister Narendra Modi from June 2 to 4. This will be Pena’s first visit to India and marks only the second-ever visit by a Paraguayan President to the country, the Ministry of External Affairs (MEA) said in a statement.

    During his visit, Pena is scheduled to hold bilateral talks with Prime Minister Modi on June 2 in New Delhi. The discussions will focus on reviewing the full spectrum of bilateral relations, covering key sectors such as trade, agriculture, health, pharmaceuticals, and information technology. Prime Minister Modi is also set to host a lunch in honour of the visiting dignitary, the MEA said.

    He is expected to meet President Droupadi Murmu, who will host a ceremonial banquet in his honour. Pena will also be called on by Vice-President Jagdeep Dhankhar and External Affairs Minister Dr S. Jaishankar, the MEA added.

    The Paraguayan President will be accompanied by a high-level delegation comprising ministers, senior officials, and business representatives. His itinerary includes a visit to Mumbai before returning to Paraguay on June 4.

    India and Paraguay established diplomatic relations on 13 September 1961 and have since enjoyed warm and friendly ties. The two countries have developed strong cooperation in various sectors and share common positions on numerous global issues, including United Nations reforms, climate change, renewable energy, and the fight against terrorism.

    Paraguay has emerged as an important trading partner for India in the Latin American region. Several Indian companies, particularly in the automobile and pharmaceutical sectors, operate in Paraguay. Likewise, Paraguayan firms—often through joint ventures—have a presence in India, contributing to the strengthening of economic relations.

    While in Mumbai, President Pena is scheduled to meet Maharashtra’s political leadership and engage with key representatives from the business, industry, start-up, and technology sectors.

  • MIL-OSI Banking: Briefing by Secretary-General of ASEAN on the Outcomes of the 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Summit

    Source: ASEAN – Association of SouthEast Asian Nations

    Join us for the Virtual Post-Summit Briefing by the Secretary-General of ASEAN Dr. Kao Kim Hourn.

    SG Dr. Kao will share insights and key outcomes from the 46th ASEAN Summit, 2nd ASEAN-GCC Summit, and ASEAN-GCC-China Summit in Kuala Lumpur, Malaysia, on 26-27 May 2025.

    The briefing will begin at 10.00 AM (Jakarta Time) and can be accessed live via YouTube: https://bit.ly/Briefing-SG
    The post Briefing by Secretary-General of ASEAN on the Outcomes of the 46th ASEAN Summit, 2nd ASEAN-Gulf Cooperation Council (GCC) Summit and ASEAN-GCC-China Summit appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Asia-Pac: Silver economy measures unveiled

    Source: Hong Kong Information Services

    Deputy Chief Secretary Cheuk Wing-hing today announced 30 measures to be implemented by the Working Group on Promoting Silver Economy.

    The proposed measures cover five areas – boosting silver consumption, developing the silver industry, promoting the quality assurance of silver products, enhancing silver financial and security arrangements, and unleashing silver productivity.

    Noting the elderly’s great consumption potential in areas including catering, personal hygiene and healthcare, the Government aims to boost silver consumption through various means, including exhibitions and retail concessions, electronic commerce, the Silver Summit, developing catering initiatives for the elderly, and protecting elderly consumers’ rights and interests.

    Another area is developing the silver industry. Mr Cheuk explained that the health and daily needs of the silver-haired group have led to a huge demand for products and services. Silver products including gerontechnology products have hence come into being.

    On promoting the quality assurance of silver products, he pointed out that quality assurance for products and services can enhance their acceptance and attractiveness, helping to establish brand value and expand the sales network.

    Given that seniors in Hong Kong possess a certain degree of wealth, Mr Cheuk noted that the Government’s objective is to assist them to best utilise their financial resources and financial management tools, and protect their financial resources.

    To unleash silver productivity, the Government will encourage and assist more senior citizens to join the labour market through employment support and training, as well as the promotion of elderly-friendly employment practices.

    The Deputy Chief Secretary added that the silver economy holds tremendous business opportunities. With the joint efforts of the Government and various sectors, the scale and industrial chain of the silver economy will expand, thereby enhancing seniors’ quality of life in all aspects, and increase their sense of their contentment and happiness.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Indonesia Energy Provides Update on Operations and Reserves and Planned Drilling During the Remainder of 2025

    Source: GlobeNewswire (MIL-OSI)

    2024 investments in seismic and other work and Kruh contract extension increased reserves at Kruh Block by over 60%

    JAKARTA, INDONESIA AND DANVILLE, CA, May 27, 2025 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today provided an update on IEC’s planned drilling activity for the second half of 2025.

    During 2024, IEC scaled back drilling activity at its Kruh Block asset and invested in seismic and other exploration work intended to maximize the prospects for new drilling. With that work now completed, new drilling is expected to commence at Kruh Block in the second half of 2025, as IEC plans to drill at least one new well this year as part of its multi-year program to drill 18 new wells at Kruh Block.

    In its recently filed Annual Report on Form 20-F, IEC updated its proved gross reserves at Kruh Block, noting that IEC’s proved reserves increased over 60% to approximately 3.3 million barrels as a result of the additional seismic and other work conducted in 2024 and the 5-year contract extension granted in late 2023 by the Indonesian government.

    Mr. Frank Ingriselli, IEC’s President, commented “We are pleased that our investments in Kruh Block and the 3D seismic work we have now completed resulted in a 60% increase in our proved gross reserves (even without any additional drilling activity). After attending meetings with the technical and operating teams in Jakarta and meetings with the drilling and operating teams in Sumatra, we are finalizing the drilling plans for later this year. With a successful result from our next well, we are hopeful that a further increase in reserves will be forthcoming. We believe our seismic data in hand will make our drilling even more effective and help us maximize the returns from this important asset”

    More information regarding IEC’s planned drilling activities and reserve details for the Kruh Block and the Citarum Block can be found in IEC’s Annual Report on Form 20-F which was filed last month with the Securities and Exchange Commission and is available on IEC’s website at: https://ir.indo-energy.com/sec-filings/

    About Indonesia Energy Corporation Limited

    Indonesia Energy Corporation Limited (NYSE American: INDO) is a publicly traded energy company engaged in the acquisition and development of strategic, high growth energy projects in Indonesia. IEC’s principal assets are its Kruh Block (63,000 acres) located onshore on the Island of Sumatra in Indonesia and its Citarum Block (195,000 acres) located onshore on the Island of Java in Indonesia. IEC is headquartered in Jakarta, Indonesia and has a representative office in Danville, California. For more information on IEC, please visit www.indo-energy.com.

    Cautionary Statement Regarding Forward-Looking Statements

    All statements in this press release, and related statements of Indonesia Energy Corporation Limited (“IEC”) and its representatives and partners that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Acts”). In particular, the words “could,” “estimates,” “believes,” “hopes,” “expects,” “intends,” “on-track”, “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Acts and are subject to the safe harbor created by the Acts. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. In this press release, forward-looking statements include, without imitation those related to IEC’s future drilling plans at Kruh Block. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of significant risks, uncertainties, and other factors, many of which are outside of the IEC’s control, that could cause actual results to materially and adversely differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth in the Risk Factors section of the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed on April 29, 2025, and other filings with the Securities and Exchange Commission (SEC). Copies are of such documents are available on the SEC’s website, www.sec.gov and IEC’s website at https://ir.indo-energy.com/sec-filings/. IEC undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Company Contact:

    Frank C. Ingriselli
    President, Indonesia Energy Corporation Limited
    Frank.Ingriselli@Indo-Energy.com

    The MIL Network –

  • MIL-OSI: GCM Grosvenor to Present at the Morgan Stanley 2025 U.S. Financials, Payments & CRE Conference on June 10, 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor (Nasdaq: GCMG), a global alternative asset management solutions provider, announced today that Jon Levin, President of GCM Grosvenor, will present at the Morgan Stanley 2025 U.S. Financials, Payments & Commercial Real Estate Conference on Tuesday, June 10, 2025, at 3:15 PM EDT.

    A link to the live audio webcast of the presentation will be available on GCM Grosvenor’s public shareholders website and the event website. For those unable to listen to the live audio webcast, a replay will be available for 90 days following the presentation.

    About GCM Grosvenor

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $82 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform.

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com.

    Public Shareholders Contact 
    Stacie Selinger 
    sselinger@gcmlp.com 
    312-506-6583 

    Media Contact  
    Tom Johnson and Abigail Ruck  
    H/Advisors Abernathy  
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global  
    212-371-5999

    The MIL Network –

  • MIL-OSI Russia: New sources on the participation of Soviet volunteer pilots in the war have been handed over to the Nanjing Anti-Japanese War Martyrs’ Memorial Museum

    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, May 27 (Xinhua) — New sources on the participation of Soviet volunteer pilots in the war were recently handed over to the Nanjing Anti-Japanese War Martyrs’ Memorial Museum, the Yangtze Wanbao (Yangtze Evening Newspaper) reported.

    Chinese-American Lu Zhaoning donated 37 relics, including foreign newspapers, magazines, books and other items, to the museum. The donation ceremony was held last week at the museum in Nanjing, capital of east China’s Jiangsu Province.

    In particular, The New York Times reported on September 26, 1937, that on September 25, 1937, 80 Japanese bombers bombed Nanjing for seven hours straight, killing 200 people and destroying many facilities, including a $1 million power plant. That night, Chinese aircraft retaliated by attacking the Yangshupu airfield in Shanghai.

    The sources donated to the museum include the weekly magazine Colliers, published on November 12, 1938. It featured an article by American pilot Alvy Gibbon with an attached photograph related to the aid provided by the Soviet Union to China.

    The Nanjing Anti-Japanese War Airmen’s Martyrs Memorial Museum was founded in 2009. Earlier this month, the museum released updated information on the 18 Soviet volunteers who died in the war against Japanese invaders. -0-

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: S&P, Moody’s affirm HK’s credit rating

    Source: Hong Kong Information Services

    The Hong Kong Special Administrative Region Government today said that both S&P and Moody’s gave positive evaluations of Hong Kong’s credit profile, including substantial fiscal buffers and foreign exchange reserves, a strong external balance sheet, and high per-capita income levels.

    The statement was made in response to the S&P and Moody’s reports today on maintaining Hong Kong’s AA+ and Aa3 credit rating respectively.

    S&P also affirmed Hong Kong’s stable outlook, while Moody’s upgraded the outlook from negative to stable.

    The Hong Kong SAR Government pointed out that the recent affirmations of Hong Kong’s credit ratings by Fitch, S&P and Moody’s, all with stable outlooks, demonstrate the city’s resilience in maintaining stability amid increasing global economic and financial uncertainties.

    Recent data has further underscored the robustness of Hong Kong’s financial system. Bank deposits have continued to grow, capital markets remain active, and the initial public offering (IPO) market is thriving.

    For example, IPO fundraising in Hong Kong has exceeded $76 billion so far this year, more than seven times the amount raised during the same period last year, and nearly 90% of the total raised in all of last year.

    The Hong Kong SAR Government noted that both S&P and Moody’s have highlighted its substantial fiscal reserves. It has implemented a series of measures to maintain a robust fiscal situation despite pressures on public finances following the pandemic.

    Furthermore, the 2025-26 Budget outlined a reinforced fiscal consolidation programme, focusing primarily on expenditure control, supplemented by revenue generation, to gradually restore balance to government accounts.

    The Operating Account is expected to be largely balanced in this financial year, and will return to a surplus in the next financial year of 2026-27.

    The Capital Account primarily involves capital works expenditure, which represents investments for the future, such as the Northern Metropolis development. Therefore, the Hong Kong SAR Government will make flexible use of market resources, such as public-private partnerships and increasing the scale of bond issuances, to fast-track the related projects.

    Even if so, the level of deficit in the Capital Account will gradually decrease starting from the 2026-27 financial year.

    Overall, after counting the proceeds from bond issuances, the Consolidated Accounts will return to a surplus in the 2028-29 financial year. Over the next five years, fiscal reserves are projected to remain at a level well above $500 billion.

    Hong Kong’s economy saw robust growth in the first quarter of this year. While the tariff war continues to affect the global economy, the recent easing in international trade tensions has slightly alleviated external unfavourable factors and uncertainties.

    Meanwhile, the Mainland continues to advance high-level opening up, with steady economic growth supported by ample policy room and tools to address and resolve various risks and challenges.

    With breakthroughs and expedited developments in technology innovation, green transformation and the digital economy, the Mainland offers the greatest backing for Hong Kong’s economic development.

    Looking ahead, the Hong Kong SAR Government is confident in addressing external challenges while seizing new opportunities in this evolving landscape.

    It remains committed to leveraging Hong Kong’s institutional advantages under the “one country, two systems” framework, reinforcing and enhancing its status as an international financial, shipping and trade centre.

    At the same time, it will make great strides to promote Hong Kong’s development as an international innovation and technology centre. These factors will drive high-quality, sustainable economic and social development.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: EIA counts U.S. electricity generation in different ways

    Source: US Energy Information Administration

    Filter by article type:

    In-brief analysis

    May 27, 2025

    Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor

    At EIA, we publish U.S. electricity net generation from two different perspectives:

    Read More ›

    In-brief analysis

    May 22, 2025

    Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics
    Note: Real prices are adjusted to May 2025 dollars.

    The retail price for regular-grade gasoline in the United States on May 19, the Monday before Memorial Day weekend, averaged $3.17 per gallon (gal), 11% (or 41 cents/gal) lower than the price a year ago. After adjusting for inflation (real terms), average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, largely because crude oil prices have fallen.

    Read More ›

    In-brief analysis

    May 21, 2025

    Data source: United Nations Statistics Division, UN Comtrade
    Note: Excludes trade within regions.

    China has a major role at each stage of the global battery supply chain and dominates interregional trade of minerals. China imported almost 12 million short tons of raw and processed battery minerals, accounting for 44% of interregional trade, and exported almost 11 million short tons of battery materials, packs, and components, or 58% of interregional trade in 2023, according to regional UN Comtrade data.

    Read More ›

    In-depth analysis

    May 20, 2025

    Colorado State University’s hurricane forecast estimates the 2025 hurricane season will exceed the 1991–2020 average, with an estimate of 17 named storms, compared with a historical average of 14 storms. Meteorologists expect 13–18 named storms, including 3–6 storms with direct impacts on the United States, during this year’s Atlantic hurricane season, according to reports from AccuWeather in April.

    Read More ›

    In-brief analysis

    May 19, 2025

    We expect U.S. hydropower generation will increase by 7.5% in 2025 but will remain 2.4% below the 10-year average in our May Short-Term Energy Outlook (STEO). Hydropower generation in 2024 fell to 241 billion kilowatthours (BkWh), the lowest since at least 2010; in 2025, we expect generation will be 259.1 BkWh. This amount of generation would represent 6% of the electricity generation in the country.

    Read More ›

    In-brief analysis

    May 15, 2025

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), May 2025, and Oxford Economics
    Note: Excludes 2020 and 2021 as outlier years because of the COVID-19 pandemic.

    We forecast consumption growth of crude oil and other liquid fuels will slow over the next two years, driven by a slowdown in economic growth, particularly in Asia, in our May Short-Term Energy Outlook (STEO).

    Read More ›

    In-depth analysis

    May 14, 2025

    Retail electricity prices have increased faster than the rate of inflation since 2022, and we expect them to continue increasing through 2026, based on forecasts in our Short-Term Energy Outlook. Parts of the country with relatively high electricity prices may experience greater price increases than those with relatively low electricity prices.

    Read More ›

    In-brief analysis

    May 13, 2025

    In our latest Short-Term Energy Outlook, we forecast U.S. annual electricity consumption will increase in 2025 and 2026, surpassing the all-time high reached in 2024. This growth contrasts with the trend of relatively flat electricity demand between the mid-2000s and early 2020s. Much of the recent and forecasted growth in electricity consumption is coming from the commercial sector, which includes data centers, and the industrial sector, which includes manufacturing establishments.

    Read More ›

    In-brief analysis

    May 12, 2025

    The average electric monthly bill for U.S. residential customers was $144 in 2024, but average costs for customers in some states were much higher or lower. Customers in states such as Hawaii and Connecticut, where retail electricity prices are relatively high, paid more than $200 per month for electricity, or more than twice as much as customers in states such as New Mexico and Utah.

    Read More ›

    In-brief analysis

    May 7, 2025

    Data source: FracFocus
    Note: To calculate the number of wells completed per location, we grouped wells within a 50-foot radius into single locations. We then identified wells completed by their completion start and end dates, counting concurrent completions when their completion periods overlapped.

    We estimate that the average number of wells completed simultaneously at the same location in the Lower 48 states has more than doubled, increasing from 1.5 wells in December 2014 to more than 3.0 wells in June 2024. By completing multiple wells at once rather than sequentially, operators can accelerate their production timeline and reduce their cost per well. The increasing number of simultaneous completions reflects significant technological advances in hydraulic fracturing operations, particularly in equipment capabilities and operational strategies.

    Read More ›

    In-brief analysis

    May 6, 2025

    Data source: U.S. Energy Information Administration, Petroleum Supply Monthly; company announcements and trade press
    Note: Other Biofuels includes sustainable aviation fuel (SAF), renewable heating oil, renewable naphtha, renewable propane, renewable gasoline, and other emerging biofuels that are in various stages of development and commercialization. SAF production capacity is an estimate based on company announcements and trade press and only includes hydroprocessed esters and fatty acids (HEFA) SAF. We do not publish SAF production capacity data.

    Sustainable aviation fuel (SAF) production is growing in the United States as new capacity comes online. U.S. production of Other Biofuels, the category we use to capture SAF in our Petroleum Supply Monthly, approximately doubled from December 2024 to February 2025.

    Read More ›

    In-brief analysis

    May 5, 2025

    Data source: AAA

    Retail prices for regular grade gasoline in California are consistently higher than in any other state in the continental United States, often exceeding the national average by more than a dollar per gallon. Several factors contribute to this high price, including state taxes and fees, environmental requirements, special fuel requirements, and isolated petroleum markets.

    Read More ›

    In-brief analysis

    May 1, 2025

    Data source: CME Group, Bloomberg L.P.
    Note: Refinery margin is calculated as the 3-2-1 crack spread on the U.S. Atlantic Coast, which represents two barrels of gasoline and one barrel of distillate fuel oil minus three barrels of Brent crude oil. 1Q25=first quarter of 2025

    During the first quarter of 2025 (1Q25), crude oil prices generally decreased while U.S. refinery margins initially increased before decreasing in the final month of the quarter. In this quarterly update, we review petroleum markets price developments in 1Q25, covering crude oil prices, refinery margins, biofuel compliance credit prices, and natural gas plant liquids prices.

    Read More ›

    In-brief analysis

    Apr 30, 2025

    Data source: Evaluate Energy
    Note: Production expenses include costs of goods sold, operating expenses, and production taxes from company income statements. Interest expenses are in 2024 dollars and deflated using the Consumer Price Index.

    Higher oil prices, increased drilling efficiency, and structurally lower debt needs have contributed to lower interest expenses for some publicly traded U.S. oil companies over the past decade, despite the level of interest rates across the economy being relatively high.

    Read More ›

    In-brief analysis

    Apr 29, 2025

    U.S. imports of petroleum products decreased by 210,000 barrels per day (b/d) in 2024 to average 1.8 million b/d. Imports of all major transportation fuels, such as motor gasoline, diesel, and jet fuel, as well as other products, such as unfinished oils, decreased.

    Read More ›

    MIL OSI USA News –

  • MIL-OSI: Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership’s transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025.

    “This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects’ economics and the Company’s profitability to ensure that we have the funding we need to support our long-term growth, while simultaneously helping advance our explicit goal of monetizing $160 million of tax benefits this year,” said Doron Blachar, Chief Executive Officer of Ormat Technologies. “By continuing to effectively monetize the benefits of ITCs for our growing Energy Storage project portfolio through 2026, we are strengthening our ability to further invest in our development pipeline and ensure that we remain well-positioned to support the growing demand for energy storage projects.”

    Ormat was represented in the transaction by Sheppard Mullin Richter & Hampton, LLP and Morgan Stanley Renewables Inc. was represented in the transaction by Willkie Farr & Gallagher LLP.

    ABOUT ORMAT TECHNOLOGIES

    With six decades of experience, Ormat Technologies, Inc. is a leading geothermal company, and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company’s activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat’s current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S.

    ORMAT’S SAFE HARBOR STATEMENT

    Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words “may”, “will”, “could”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, or “contemplate” or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. These forward-looking statements generally relate to Ormat’s plans, objectives and expectations for future operations and are based upon its management’s current estimates and projections of future results or trends. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under “Risk Factors” as described in Ormat’s annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025, and in Ormat’s subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC.

    These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:
    Smadar Lavi
    VP Head of IR and ESG Planning & Reporting
    775-356-9029 (ext. 65726)
    slavi@ormat.com    		 Investor Relations Agency Contact:
    Joseph Caminiti or Josh Carroll
    Alpha IR Group
    312-445-2870
    ORA@alpha-ir.com

    The MIL Network –

  • MIL-OSI Economics: H

    Source: ASEAN

    The ASEAN Secretariat is honoured to welcome H.E. Emmanuel Macron, President of the French Republic, on the occasion of his visit to the ASEAN Headquarters/ ASEAN Secretariat, on 28 May 2025.
     
    This visit marks a significant milestone in the growing partnership between ASEAN and France. In 2020, France was officially conferred the status of Development Partner of ASEAN, underscoring its commitment to deepening cooperation with the region.
    The post H.E. Emmanuel Macron, President of French Republic to visit ASEAN Headquarters/ASEAN Secretariat appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI Economics: Secretary-General of ASEAN Attends the 16th IMT-GT Summit

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, this afternoon participated in the 16th Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) Summit, highlighting the sub-regional framework’s key role in enhancing connectivity, promoting trade, and driving sustainable growth in the region. Secretary-General Dr. Kao also underscored the importance of IMT-GT’s contribution to the realisation of the ASEAN Community Vision 2045.

    The post Secretary-General of ASEAN Attends the 16th IMT-GT Summit appeared first on ASEAN Main Portal.

    MIL OSI Economics –

  • MIL-OSI USA: UConn Has Record-Breaking Cohort for Gilman Scholars

    Source: US State of Connecticut

    A record-breaking 31 UConn students have been awarded a Gilman Scholarship in the latest cohort of the prestigious academic award. The award is congressionally funded through the Bureau of Education and Cultural Affairs at the State Department.

    The funding supports expanding student participation in study abroad programs and encourages travel to diverse locations around the globe, along with intensive language study and internship experiences.

    The 31 UConn students, who will study in 14 different countries, will receive a total of nearly $94,000 in scholarship funds through the Gilman program. A total of 40 UConn students have earned Gilman awards in the last two cohorts, this one and October 2024, for a total of more than $121,500 in scholarship funding.

    Students applying for Gilman Scholarships work with advisors in UConn’s Office of National Scholarships & Fellowships (ONSF) and Experiential Global Learning (EGL). Rachel Gleicher, an advisor in EGL, and Michael Cunningham, assistant director of ONSF and UConn’s Fulbright program advisor, are UConn’s two Gilman certifying advisors.

    “We are very excited that the Gilman program has selected so many UConn students this cycle,” says Cunningham. “It’s a testament to the quality of our students and to the hard work that they put into their applications.”

    Upon their return from studying abroad, each Gilman Scholar is required to complete a service project in their campus or home community with the goal of sharing the value of participation in study abroad and promoting the scholarship to prospective students. Applications are reviewed with consideration for the proposed follow-up service project.

    “We are so proud of these students for staying determined and focused on their study abroad goals,” says Gleicher. “Amid uncertain times, with federal funding freezes and broader uncertainty, they remained committed to their aspirations. Now more than ever, it is crucial to ensure students are aware of the funding opportunities available to them.”

    Eligibility for the Gilman Scholarship requires undergraduate students to be Pell Grant-eligible United States citizens who plan to study abroad for academic credit through a program approved by their home institution. Supporting students with high financial need provides access to students who are historically underrepresented in study abroad, including first-generation college students, STEM majors, ethnic and racial minority students, students with disabilities, LGBTQ+ students, and others who experience barriers to participation.

    Students from underrepresented areas of the U.S. are also considered during the application process and this year there are recipients from all 50 states.

    The following UConn students were selected as Gilman Scholars in this cycle, and they are listed with the location of where they will study as part of the program:

    Carina Adams-Szabo ’27 (CLAS), a psychology and political science major from Greenwich, who will be studying neuroscience this summer in Salamanca, Spain.

    Ashley Barragan ’27 (NUR), a nursing major who will be studying at the University of Dublin Summer Applied Research for Nursing Practice in Dublin, Ireland.

    Rhys Brauer ’27 (CLAS), a psychological sciences major, who will be studying neuroscience this summer in Salamanca.

    Brooke Catellier ’26 (CAHNR), an allied health major, who will be studying the Mediterranean diet and Tuscan cuisine in Florence, Italy, this summer.

    Kylene Chino ’26 (CLAS), a human rights and political science major, who will be studying in the fall at the Pusan National University in Shanghai, China.

    Jaiyliah Cochran ’25 (CLAS), a microbiology major, who will be studying field ecology this summer in Limpopo Province, South Africa.

    Mia Dansby ’26 (BUS), a management major, who will be studying this summer at ISI in Florence.

    Andrea D’Oleo ’27 (NUR), a nursing major from East Hartford, who will be studying in the Dublin Summer Applied Research Program for Nursing Practice in Ireland.

    Danyelix Echevarria Figueroa ’28 (ACES), a pre-teaching major from New Britain, who will study next spring at the University of Grenda in Grenda, Spain.

    Dahiana Fernandez-Ramirez ’26 (CLAS), a psychological sciences major, who will be studying this fall at ISI Florence.

    Adiriana Garcia Vazquez ’25 (CLAS), a cognitive science major from Bridgeport, who will be studying this fall at the Interdisciplinary Ethnography Field School in Mauritius.

    Hannah Ginste ’26 (CLAS), a communications major, who will be doing a summer internship in London.

    Jessica Glowacki ’25 (CLAS), a biological sciences major who will be studying field ecology this summer in Limpopo Province, South Africa.

    Emma Hazard ’27 (CAHNR), a diagnostic genetic sciences major, who will be studying the Mediterranean diet and Tuscan cuisine in Florence this summer.

    Danecia Henry ’28 (BUS), a management major from New Haven, will be studying in the summer at Camino de Santiago in Spain.

    Ty’Laisha Huff ’27 (NUR), a nursing major from Hartford, will be studying at the Dublin Summer Applied Research Program for Nursing Practice in Ireland.

    Layan Jahaf ’28 (CLAS), a political science and Arabic and Islam civics major, who will be studying this fall in London.

    Dee Jerome ’26 (CAHNR), an allied health sciences major from Bridgeport, who will be studying this summer in Accra, Ghana.

    Evelyn Pazan ’27 (CLAS), a finance and German major, who will be studying during the 2025-26 academic year at the University of Mannheim in Germany.

    Danielle Phillips ’27 (CLAS), an individualized major in industrial and labor relations from Bridgeport, who will be studying this summer at the Intercultural Leadership Program in Strasbourg, France.

    Jocelyn Ramirez ’26 (BUS), a management major from New Haven, who will be studying this summer at ISI.

    Jamie Ross ’27 (CLAS), a physiology and neurobiology major, who will be studying next winter in Barcelona, Spain.

    Ellie Sanders ’27 (CAHNR), a nutritional sciences major from West Cornwall, who will be studying the Mediterranean diet and Tuscan cuisine in Florence this summer.

    Fabio Silveira ’26 (CLAS), a pathobiology major, who will be studying neuroscience this summer in Salamanca, Spain.

    Amber Szymanski ’26 (CLAS), a political science and human rights major, who will be studying this fall at the Pusan National University in Busan, South Korea.

    Angel Uchupailla ’26 (CAHNR), an allied health major from Stamford, who will be studying this winter in Rome.

    Lyric Vargas ’27 (CLAS), a political science and psychological science major, who will be studying this fall at the University of Lisbon in Portugal.

    Erica Wong ’26 (CLAS), a political science and urban and community studies major, who will be studying this fall at Fudan University in Shanghai, China.

    Morgan Xu ’26 (ENG), a materials science and engineering major from Chesire, who will be studying this fall at the National University of Singapore.

    Ada Yeung ’27 (CLAS), an individualized major, who will be studying next spring at Fudan University.

    Maggie Zheng ’27 (BUS), an accounting major, who will be studying next spring at Fudan University.

    MIL OSI USA News –