Category: Asia

  • MIL-OSI USA: Rep. Peters Calls out Republican Cuts to Clean Energy and Fossil Fuel Favoritism in Tax Plan

    Source: United States House of Representatives – Congressman Scott Peters (52nd District of California)

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    Washington, D.C. – Today, during the Energy and Commerce Committee’s consideration of the Republican tax plan, which will kick 13.7 million people off their healthcare, Representative Scott Peters (CA-50) called out provisions that will make it easier to build polluting coal power plants and cut back on investments in clean energy technologies.

    Watch Rep. Peters’ opening statement against the Republican tax plan here.

    Speaking on the Republican plan, Rep. Peters said, “Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape. Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.”

     

    He continued, “Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds if not thousands of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?”

    And he concluded, “We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260. There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward. Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers.”

    CA-50 Medicaid Facts:

    • 156,100 people in the district rely on Medicaid for health coverage—that’s 20 percent of all district residents.
      • 34,700 children in the district are covered by Medicaid.
      • 17,700 seniors in the district are covered by Medicaid.
      • 64,900 adults in the district have Medicaid coverage through Medicaid expansion—that includes pregnant women who are able to access prenatal care sooner because of Medicaid expansion, parents, caretakers, veterans, people with substance use disorder and mental health treatment needs, and people with chronic conditions and disabilities.
    • At least five hospitals in the district had negative operating margins in 2022. These hospitals would be especially hard-hit by cuts to Medicaid. For example:
      • Scripps Mercy Hospital had a negative 25.3 percent operating margin—and nearly 22 percent of its revenue came from Medicaid.
      • Sharp Coronado Hospital had a negative 3.5 percent operating margin—and over 36 percent of its revenue came from Medicaid.
      • University of California San Diego Medical Center had a negative 2.4 percent operating margin—and nearly 19 percent of its revenue came from Medicaid.
    • There are 54 health center delivery sites in the district that serve 529,944 patients.
    • Those health centers and patients rely on Medicaid—statewide, 69 percent of health center patients rely on Medicaid for coverage.
    • Health centers will not be able to stay open and provide the same care that they do today, with more uninsured and underinsured patients. They are already operating on thin margins—in 2023, nationally, nearly half of health centers had negative operating margins.
    • Medicaid cuts put health centers at risk, including:
      • Family Health Centers of San Diego
      • Neighborhood Healthcare
      • North County Health Project
      • San Diego American Indian Health Centers
      • St. Vincent De Paul Village

    Read Rep. Peters full remarks below:

    Last Congress, my Republican colleagues were insistent that we should have an all-of-the-above energy strategy, one that leveraged our natural resources, unleashed American innovation, and cut through bureaucratic red tape.

    Which is why I am confused that we are considering a reconciliation bill that picks winners and losers, and elevates expensive, outdated, and inefficient sources like coal over cheap American-made energy like solar, wind, and storage.

    Why does this bill expedite permitting for natural gas pipelines – an undeniably important component of our energy system – while completely ignoring transmission lines, without which we would not be able to meet a single kilowatt of energy demand?

    Why does this bill provide government-backed insurance to coal plants, as the President of the United States single-handedly kills hundreds, if not thousands, of clean energy jobs across the country by illegally targeting projects and weaponizing the permitting process?

    This entire Congress, my Republican colleagues have focused almost exclusively on our need to build baseload power to meet energy demand from data centers, manufacturing, and AI. 

    However, when they have an opportunity to ensure this baseload power can move from where it’s generated to where it will be used, my Republican colleagues have not only chosen to completely ignore the problem, but are rescinding funds to make it easier to build out the energy infrastructure we need to reduce costs and keep the lights on.

    We need to face reality; we can’t build anything in America anymore. North America has built about 7 gigawatts of interregional transmission since 2014, with less than half of that in the U.S. In that same time frame, South America has built 22 gigawatts, Europe has built 44 gigawatts, and China has built 260.

    There is a growing bipartisan coalition for permitting reform. Whether it’s forest management, electric transmission, or building housing, I have reached across the aisle and found success in moving solutions forward.

    Many of us have voiced our desire to work in a bipartisan way to make America more energy dominant. Now is the time to put our money where our mouth is, and focus on durable, common-sense, and all-of-the-above policies that provide certainty for industry and consumers. 

    This bill, however, doesn’t come anywhere close to meeting the moment. It isn’t real permitting reform, it doesn’t make us energy dominant, and it only makes things more uncertain for industry, for Americans, and for our future.

    Instead of making it easier to build everything, once again we are cutting off our feet in the race to energy resilience. This is the definition of picking winners and losers. And this not the way we will achieve a resilient, energy-abundant future.

    ###

    MIL OSI USA News

  • MIL-OSI: Hola Prime and Pro Basketball Player Karl-Anthony Towns Team up for ‘Speed is Success’ Campaign, Redefining Prop Trading

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, NY, May 14, 2025 (GLOBE NEWSWIRE) —  Hola Prime, a leading global proprietary trading firm, is proud to announce Basketball Champion, Karl Anthony Towns as its first-ever brand ambassador. This partnership marks a significant moment in Hola Prime’s journey, highlighting its commitment to reshaping modern prop trading around what truly matters – speed, performance, discipline, and fairness.

    The announcement coincides with the launch of Hola Prime’s new brand campaign, ‘Speed is Success’, produced by one of the top agencies. The campaign draws a compelling parallel between elite sports and trading – in both, speed is not just an advantage, but the edge. The cinematic film captures how success depends on reacting swiftly, thinking clearly under pressure, and executing with discipline, whether on the court or in the market.

    “At Hola Prime, we have always believed that trading, at its core, is a performance profession,” said Somesh Kapuria, Founder and CEO of Hola Prime. “It’s not about luck or shortcuts. It’s about building skill, managing risk, staying calm under pressure, and performing when it matters most. Karl-Anthony Towns personifies these values. His career reflects what we encourage in our traders – consistency, resilience, and the courage to keep improving every day. And Hola Prime compliments their skills with a fair and transparent trading environment, and super fast payouts.” Explaining his decision to collaborate with Hola Prime, Karl-Anthony Towns said, “What drew me to Hola Prime is how they’re flipping the script – not just in finance, but in how people see trading,” said Karl-Anthony Towns. “As a pro athlete, I know what it means to bet on yourself, and that’s exactly what Hola Prime is about, so I’m happy to be their first ambassador and to help bring that mindset to the next generation.”

    Hola Prime’s decision to collaborate with an elite athlete reflects its belief that trading, like sports, rewards those who move fast, think fast, and execute fast. It’s a natural extension of its trader-centric approach – creating a platform where individuals thrive through speed, strategy, and discipline.

    With innovations like transparent pricing, under-one-hour payouts, one-on-one mentorship, and clear trading rules, Hola Prime is redefining trading speed from execution to earnings. The ‘Speed is Success’ campaign champions a new era of fair, fast, and performance-driven trading – empowering individuals to thrive through agility, skill, and accountability.

    The partnership with Towns positions Hola Prime as a standout in a saturated market – more than just a platform, it is a movement. With the star power of a professional basketball giant and the soul of a fintech disruptor, Hola Prime is redefining what trading looks like in 2025 and beyond.

    Watch the full video here: https://youtu.be/yE0Mj3BIBhc?si=ie_IEyAYMRbh471N

    About Hola Prime

    Hola Prime is a global proprietary trading firm with offices in the UK, Hong Kong, Cyprus, Dubai, and India. It supports a diverse community of traders across 175+ countries, offering access to over 150 financial instruments across multiple trading platforms. The firm is known for its structured approach to risk management, transparency, and trader-centric operations. Learn more at holaprime.com.

    Social Links

    Instagram: https://www.instagram.com/holaprime_global/

    YouTube: https://www.youtube.com/channel/UCtVEJa1Ml132Be7tnk-DjeQ

    LinkedIn: https://www.linkedin.com/company/hola-prime/?viewAsMember=true

    X: https://x.com/HolaPrimeGlobal

    Discord: https://discord.gg/TJ7TcHPXBf

    Quora: https://www.quora.com/profile/HolaPrime/

    Reddit: https://www.reddit.com/user/HolaPrime/

    Medium: https://medium.com/@social_46267

    Media Contact

    Company: Hola Prime

    Contact: Media Team

    Email: marketing@holaprime.com

    Website: https://holaprime.com/

    The MIL Network

  • MIL-OSI: AIMS Wins Best Global Football Sponsor at the Forex Sport Awards 2025

    Source: GlobeNewswire (MIL-OSI)

    Malaysia, May 14, 2025 (GLOBE NEWSWIRE) — AIMS Group is proud to announce that it has been awarded the prestigious title of Best Global Football Sponsor at the 2025 Forex Sport Awards.

    AIMS sport award Best global Football sponsor

    This recognition marks a significant milestone for AIMS and underscores the success of its strategic investment in global sports sponsorships. The judging panel unanimously praised AIMS, stating:

    “AIMS has established a strong presence in global football sponsorship. Having previously been the regional partner of Borussia Dortmund, AIMS made the leap to the Premier League with Tottenham Hotspur FC and has conducted a powerful marketing campaign to cement its sponsorship presence at a global level.”

    The award celebrates the impact of AIMS’ football partnerships — from its earlier success with German football giant Borussia Dortmund (BVB) to its current dynamic collaboration with Tottenham Hotspur Football Club, a Premier League powerhouse.

    Competing against some of the most recognized names in the financial services industry and AIMS emerged as the top choice. This achievement highlights the company’s innovative approach to sponsorship and its growing influence in both the financial and sporting worlds.

    “This award is more than a recognition of our efforts — it’s a reflection of the belief and trust our clients, partners, and supporters have in AIMS. We share this win with all of them,” said Aaron Chang, CEO for AIMS Group. “It motivates us to continue pushing boundaries and building meaningful global connections through the power of sport.”

    As AIMS continues its mission to make financial education and trading opportunities accessible to all, this award serves as further validation of its commitment to excellence, innovation, and community impact.

    About AIMS

    AIMS is a globally trusted financial brokerage offering trading services and infrastructure for both institutional and retail clients in over 17 countries. Known for its high-performance platform, low spreads, and client-first approach, AIMS continues to be a key force in shaping the global trading industry.

    Press inquiries

    AIMS
    https://aimsfx.com/
    Benson Low
    media@aimsfx.com

    The MIL Network

  • MIL-OSI: Crypto Bull Market Heats Up — BexBack Launches No KYC, 100x Leverage & Double Bonus Campaign to Maximize Trader Profits

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) — As Bitcoin breaks above $100,000 and Ethereum posts rapid gains, the cryptocurrency market is roaring back into a full-fledged bull run. In response, leading derivatives exchange BexBack has launched a new campaign offering powerful trading incentives to help users seize opportunities during this high-volatility cycle.

    BexBack’s Limited-Time Bull Market Campaign Includes:

    • 100% Deposit Bonus
      Instantly double your trading capital. Bonus funds can be used as margin to open larger positions and absorb volatility.
    • $100 Trading Bonus
      Available to new users who deposit at least 0.01 BTC or 1000 USDT and complete their first trade within 7 days of registration.
    • 100x Leverage on 50+ Crypto Futures
      Trade BTC, ETH, SOL, ADA, XRP, and 50+ major altcoins with up to 100x leverage.
    • No KYC Required
      Register and start trading in seconds using just an email address. BexBack respects user privacy and lowers barriers to entry.
    • Zero Spread, Deep Liquidity, Lightning-Fast Execution
      All trades are executed at the displayed price — no slippage, no spread, no surprises.

    Why Traders Are Choosing BexBack

    • Global access with 24/7 multilingual support
    • Zero deposit fees and generous bonus programs
    • Professional-grade infrastructure, ideal for both beginners and experts
    • Fast onboarding with no identity verification required

    About BexBack

    BexBack is a global cryptocurrency derivatives exchange offering up to 100x leverage on 50+ perpetual contracts. Headquartered in Singapore, the platform serves over 500,000 traders worldwide.

    With operational offices in Hong Kong, Japan, the United States, and the United Kingdom, BexBack combines regulatory integrity with innovative trading tools to provide a secure, fast, and accessible trading experience across regions.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e888da51-f612-41b5-9c42-3b3ae7d36997

    https://www.globenewswire.com/NewsRoom/AttachmentNg/97c84753-3fa7-4e83-9c9e-e30b1a6f6112

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84c2c52f-c11b-449d-9911-beb71ac5c416

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0ff9c396-8c98-4627-93a6-a3e7dc9206c3

    The MIL Network

  • MIL-OSI Global: Mrs Dalloway at 100: Virginia Woolf’s timeless novel is a work of pandemic fiction

    Source: The Conversation – UK – By Anna Snaith, Professor of Twentieth-Century Literature, King’s College London

    Virginia Woolf’s Mrs Dalloway, set on a June day in 1923, is unusual in that its two protagonists – society hostess Clarissa Dalloway and shell-shocked veteran Septimus Smith – never meet.

    Published 100 years ago on May 14 1925, the novel follows Clarissa as she prepares to host a party. She is visited by a former suitor, Peter Walsh, who has just returned from India. Her movements on London’s streets are intertwined with those of her husband, Richard, and daughter, Elizabeth, as well as a host of minor characters.

    Simultaneously, Septimus is experiencing what we would now understand as post-traumatic stress disorder (PTSD) caused by his service in the first world war. His sense of London as an apocalyptic war zone is exacerbated by his treatment at the hands of his doctors and their refusal to “hear” his trauma.

    Mrs Dalloway has inspired and continues to inspire numerous creative responses and reworkings, such as Michael Cunningham’s novel The Hours (1998) and Wayne McGregor’s triptych ballet Woolf Works (2015). The novel now has its own biography by Mark Hussey due to be published next month and DallowayDay celebrations that echo James Joyce’s Bloomsday.

    A century on, Mrs Dalloway speaks in so many ways to our own moment of militarisation, neo-imperialism and political crisis. In her diary, Woolf wrote that she wanted to “criticise the social system and to show it at work” and the novel offers an often excoriating critique of the military industrial complex of interwar Britain.


    This article is part of Rethinking the Classics. The stories in this series offer insightful new ways to think about and interpret classic books and artworks. This is the canon – with a twist.


    In her representation of returned soldier Septimus Smith’s PTSD, Woolf complicates the characters’ refrain that the “war is over” and the collective refusal to acknowledge the trauma of trench warfare. She was ahead of her time as a woman writing about war and in her literary depiction of the term and experience of “shell shock” so soon after the conflict when the condition was still often understood to be cowardice and malingering.

    Septimus’s trauma connects to the unspecified “illness” experienced by Clarissa, wife of a Conservative MP, preparing to host a party that evening. Woolf takes this privileged figure, who appears in her first novel The Voyage Out (1915) as a satirical cameo, and in this iteration offers the reader her rich inner life: her complex stream of thoughts, sensations and philosophical musings.

    The original book jacket.
    Wiki Commons

    Woolf’s acquaintance Kitty Maxse may have been the model for Clarissa. Kitty fell down the stairs to her death, raising the possibility of suicide. Instead, Woolf has Septimus commit suicide when he is faced with the threat of incarceration and the “rest cure”. News of the tragedy interrupts Clarissa’s party, but she understands his act: “Death was defiance. Death was an attempt to communicate … Somehow it was her disaster – her disgrace.”

    Clarissa feels herself, like Septimus, to be expendable: “She had the oddest sense of being herself invisible; unseen; unknown; there being no more marrying; no more having of children … this being Mrs Dalloway; not even Clarissa anymore.”

    Clarissa is 52 and, while the menopause is not mentioned directly, Woolf touches here in such a prescient way on the medicalisation and pathologising of women’s health. The novel is radical in its centring of a middle-aged protagonist – the novel form bends as it is uncoupled from the marriage plot. Woolf’s complex treatment of ageing – “she felt very young; at the same time unspeakably aged” – and the sense of both loss and possibility is acutely felt.

    Clarissa’s conformity to social expectations includes the suppression of her queer desires. Alone in her upstairs room, she reminisces about her “falling in love with women” and more specifically, her kiss with Sally Seton: “the most exquisite moment of her whole life … the whole world might have turned upside down!” Again, in her representation of queer lives, Woolf overturned the status quo.

    Mrs Dalloway and the pandemic

    In its engagement with feminist and queer politics, then, the novel has enduring appeal. But its post-COVID appreciation as a pandemic novel has meant that the novel has been read afresh by a whole new audience. Woolf and Clarissa are both survivors of the post-first world war influenza pandemic (known as the Spanish flu), which infected a third of the global population and caused an estimated 50-100 million deaths.

    We learn that Clarissa had “grown very white since her illness”, “her heart, affected, they said, by influenza”. Her sheer joy at walking London’s summer streets and mixing with crowds of passersby is a legacy of the pandemic as is the sense of loss and tolling of bells that echo through the novel.

    Critic Elizabeth Outka in Viral Modernism: the Influenza Pandemic and Interwar Literature (2019) has read the pandemic into the novel’s mobile and multifarious perspective.

    [It has] a narrative perspective that could move as nimbly among bodies as a virus, a plot defined less by linear timelines and more by temporal and experiential fluidity, and a structure that could express the delirious, hallucinatory reality that infused the culture.

    Clarissa has a poignant sense of the horror (“it was very, very dangerous to live even one day”) and joy (“in the triumph and the jingle … was what she loved; life; London; this moment of June”) of existence.

    The legacy of the war is present not only in Septimus’s trauma but in a wider civilian trepidation. In one scene, a skywriting aeroplane recalls the aerial and aural threat of wartime air raids over London. In another, a backfiring car sounds to Clarissa like a “violent explosion” or a pistol shot.

    The novel both registers the collective trauma of war but finds solace in the noisy, connective dynamism and diversity of urban life. Perhaps it is in Woolf’s acknowledgement of both the enormity and the minutiae of daily existence that this novel continues to speak to a contemporary readership.


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


    Anna Snaith 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. Mrs Dalloway at 100: Virginia Woolf’s timeless novel is a work of pandemic fiction – https://theconversation.com/mrs-dalloway-at-100-virginia-woolfs-timeless-novel-is-a-work-of-pandemic-fiction-256642

    MIL OSI – Global Reports

  • MIL-OSI Global: From boomers to Gen Z: How to solve the public sector succession crisis

    Source: The Conversation – Canada – By W. Dominika Wranik, Professor, Faculty of Management, Dalhousie University

    Public servants are the backbone of Canadian government. Canadians expect them to act in the best interest of society, to uphold Canadian democratic institutions, to steward public monies and to deliver programs and services.

    But as retirements surge, how can governments attract young people to work for them? It’s difficult when governments suffer from poor reputations, low public trust and offer working conditions that may not appeal to young people.

    What do young Canadians want from their careers, and what will it take for public service to win them over?

    This issue, among others concerning Canadian public servants, are currently being studied at the Professional Motivations Research Lab at Dalhousie University. The lab is led by the lead author of this piece, Dominika Wranik, whose work focuses on measuring and explaining the motivations of professionals in the public service.

    The lab’s insights shed light on the factors that influence how young people make decisions about whether to work for the public sector.

    Looming labour shortage

    In 1966, there were 7.7 working-age individuals for every senior in Canada. But in 2022, the ratio dropped to 3.4 and is projected to drop further over the next decade.

    A labour shortage will create increased competition for top talent between the public and private sector, an issue for governments as research has shown a growing disinterest among youth in pursuing civil service careers.

    Recruitment to the public service is further complicated by declining perceptions of competence and trust in Canadian public institutions. With studies demonstrating that applicants’ perceptions of an organization’s competence affect their attraction to working there, Canadian governments also run the risk of losing potential applicants who don’t view Canada’s public institutions as being competent or trustworthy.

    These challenges come as young Canadians enter the workforce with more career options than ever before, and different expectations from previous generations.

    Salary not the sole motivator

    Young Canadians are not solely interested in high incomes, but also in workplaces that provide a healthy work/life balance and align with their values.

    Data collected in 2024, for example, shows that 87 per cent of British Columbians between the ages of 18 and 34 prefer employers that are socially and environmentally responsible, with 61 per cent stating they would only work for such companies.

    This means Canadian governments are currently finding themselves in a perilous situation, where rising suspicion about their trustworthiness and competence, paired with growing disinterest in the public sector as a whole, means they’re not positioned well to navigate an impending labour shortage.

    Strengthening their capacity to attract and recruit the next generation of workers is therefore imperative, not only for upholding public institutions, but also for rebuilding trust in government.

    In the effort to resolve this issue and enhance recruitment to the public service, Canadian government officials must pore over existing research into the factors that determine why youth and those just entering the labour market — people between the ages of 13 to 27, known as Gen Z — pursue or refrain from pursing public service jobs.

    Some research suggests the three variables that potentially predict whether a member of Gen Z is inclined to pursue a career in the public sector are:

    Perceptions

    In terms of perceptions of the public sector, a recent study found that when choosing between the public and private sectors, university students in Norway and Poland were most influenced by their views of the public sector.

    The more positive the outlook — for example, that public sector work is considered less bureaucratic and less inefficient — the higher the preference to work in the public sector, and vice versa.

    This finding was echoed by racialized minorities in the United States. A 2022 study found that Black, Asian and Latinx young adults between the ages of 18-36 were largely turned off by government work due to perceptions that they weren’t represented or well-served by their “largely white, male and wealthy” local, state or federal government representatives.

    In Canada, a study led by the Public Policy Forum discovered that perceptions of the nature of government work also had a significant impact on a student’s decision to pursue a career in the public sector. Students who chose to enter the public service cited “opportunities to examine a wide range of complex challenges and help create policy solutions that can have a positive impact on many communities.”

    Motivations

    In terms of having public service motivation (PSM) — which refers to an individual’s inclination to serve the public interest — studies have found that members of Gen Z are more likely to be drawn to the public sector if they are high in PSM.

    Specifically, a study of Gen Z students in criminal justice programs found that those who identified with PSM tenets — such as “meaningful public service is very important to me” and “making a difference in society means more to me than personal achievements” — had a significantly higher likelihood of choosing the public sector over the private sector.

    Similarly, an interdisciplinary sample of undergraduate students with higher levels of PSM — and who therefore identified with the PSM dimensions of self-sacrifice, compassion and commitment to public values — were more likely to have a preference for the public sector.

    Job attributes

    Preferred job attributes also influence the employment choices of members of Gen Z. The aforementioned research on Norwegian and Polish youth and another 2017 study by Canada’s Public Policy Forum (2017) find that when Gen Z students are interested in public sector work, it’s due to the semblance of financial and job security.

    Given the growing disinterest among the Canadian population in pursuing employment in the public sector, new insights about what attracts Gen Z workers to the public sector should be required reading by governments across Canada.




    Read more:
    Public service reflections: Why the role of civil servants must evolve to ensure public trust


    Understanding Gen Z’s misgiving about public sector work will help better position governments to compete with the private sector to recruit the next generation of employees.

    With perceptions of government competence and trustworthiness continuing to fall, it is imperative that Canadian public policymakers take significant steps to engage with Gen Z students and workers to create employment conditions that are attractive and aligned with their values.

    The next generation of government leaders in Canada are currently in high school, college or university classrooms across the country, meaning that research centred in educational institutions is uniquely positioned to uncover valuable regarding how public sector employment is perceived.

    Therefore, government-led engagement that is conducted through town halls, workshops and focus groups can help strengthen trust in government while familiarizing Gen Z students with government careers.

    W. Dominika Wranik receives funding from the Social Sciences and Humanities Research Council. In the past, she has held funding from the Canadian Institutes of Health Research, Mitacs, Research Nova Scotia, and the EU Horizon 2020, as well as short-term funding from several provincial and federal government departments. Dr. Wranik serves as an expert consultant for Canada’s Drug Agency (CDA-AMC).

    Alec Brooks and Payton Nicol 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. From boomers to Gen Z: How to solve the public sector succession crisis – https://theconversation.com/from-boomers-to-gen-z-how-to-solve-the-public-sector-succession-crisis-255077

    MIL OSI – Global Reports

  • MIL-OSI Global: Trump’s tariff threat to foreign films overlooks the value of multilingual cinema

    Source: The Conversation – Canada – By Gaelle Planchenault, Associate Professor of French Media, Culture, and Applied Linguistics, Simon Fraser University

    With the 78th Cannes International Film Festival underway this week, there is little doubt that one topic will be central to conversations among filmmakers, sales agents and journalists: United States President Donald Trump’s threat to impose a 100 per cent tax on foreign-made films.

    Amid an ongoing tariff war, Trump’s proposal — which may ultimately remain an empty threat — goes beyond economic protectionism. It is cultural protectionism. It also reflects language ideologies that have long constrained the American film industry and American engagement with multilingual cinema.

    Experts have offered various theories about the motivations behind this threat, as well as why it may ultimately prove unwise. In the rush to brace for impact, we often forget the values behind these extreme positions aren’t new. More importantly, we must also remember why it’s vital to protect these cultural expressions.

    As a linguist, I see a clear connection between this proposal and one of the administration’s actions earlier this year, when Trump signed an executive order designating English as the country’s sole official language. This move reflected a deeply rooted monolingual ideology that has long influenced both the U.S. language policy and education systems.




    Read more:
    Trump’s English language order upends America’s long multilingual history


    Monolingual ideology

    Such language ideology reflects a belief in the superiority of monolingualism, a view that American linguist Rosina Lippi-Green links to the “myth of Standard American English.”

    This myth is grounded in the subordination by one dialect, believed to be of higher quality and status, over other languages and dialects. According to Lippi-Green, the enforcement of this ideology follows a systematic process: language is mystified, authority is claimed and a series of negative consequences ensue. Misinformation is generated, targeted languages are trivialized, non-conformers are vilified or marginalized and threats are made.

    Such authority and threats are recognizable in this most recent threat to make access to foreign films difficult. The issue is not just about the economic dimension of foreign-made films. It is also about the perceived threat posed by the presence and influence of other languages. At its core, this reflects a fear or rejection of linguistic diversity.

    In the film industry, this monolingual ideology is closely tied to glottophobic attitudes, also referred to by some scholars as linguicism. These terms define the misrepresentation and negative stereotyping of speakers of languages other than English.

    Hollywood, in particular, has a long history of portraying foreign or heritage languages in stereotypical and often derogatory ways. Consider, for instance, the German-speaking characters in Second World War films, or more recent depictions of Arabic, Mexican Spanish or Russian speakers.

    These portrayals illustrate a tendency to depict other languages as menacing — a point that was also made in the American president’s claim that foreign films pose a “threat” because they constitute “messaging and propaganda.”

    Linguistic stereotyping

    It’s not just characters who speak other languages who have been misrepresented in American films. Those who speak English as a second language — that is with an accent or with a syntax that is marked by their first language — were often played by white actors and subject to similar derogatory stereotypes.

    Linguists have identified patterns in these linguistic representations, referring to them as Injun English, Mock Spanish or yellow voices, among others.

    Lippi-Green has famously argued that such linguistic depictions are ways to reinforce standard language ideologies through linguistic stereotyping in media, including popular Disney cartoons. They effectively teach American children how to discriminate.

    In my work, I examined French-accented English to demonstrate that these representations reflect broader cultural anxieties. Ultimately, this rhetoric reveals more about the U.S. relationship with linguistic diversity than it does about the communities being portrayed.

    Trump has made reference to “any and all movies coming into our country that are produced in foreign lands.” But it remains unclear how such measures would impact streaming platforms and the diverse range of films they currently offer.

    Hollywood has come a long way since the heydays of linguicism, gradually embracing a more inclusive and multilingual cinematic landscape. Today, films that present a more diverse linguistic landscape are increasingly common. And audiences are accustomed to having access to a wide selection of international content.

    The global success of the French series Call My Agent is just one example. Among others are popular French spy thrillers and romances, Swedish thrillers, Japanese anime and Korean dystopian series.

    The pleasure of watching foreign films

    For years, foreign language films have been recognized as an invaluable resource for language learning. This fact is supported by language learning apps that increasingly recommend users to view TV programs or movies to support learning. Movies and TV provide access to a variety of dialects as well as authentic forms of language.

    As a professor of French media and linguistics, I often use films to teach students about French language and culture. But beyond their educational benefits, foreign-language films offer unique esthetic and emotional pleasures.

    A press image for the show Call My Agent.
    Netflix

    Watching a film is to engage with sound and image. The language itself enhances the immersive experience, contributing to the authenticity of the storytelling. For example, one of my students told me he enjoys turning on closed captions in French. These are also known as SDH: Subtitles for the Deaf and Hard-of-Hearing. He does this not just for the dialogue but because they capture the full cinematic experience, including the naming of sounds.

    Restricting access to these cultural products would trap viewers in an ideological echo chamber, where only one language is heard and validated.

    Fictional representations play a powerful role in shaping and reinforcing real-world attitudes. Monolingual representations potentially foster linguistic discrimination and intolerance toward any word uttered with an accent or in another language. In short, such restrictions could pave the way for a partial and stunted society.

    Gaelle Planchenault 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. Trump’s tariff threat to foreign films overlooks the value of multilingual cinema – https://theconversation.com/trumps-tariff-threat-to-foreign-films-overlooks-the-value-of-multilingual-cinema-256323

    MIL OSI – Global Reports

  • MIL-OSI Global: Pacific voyagers’ remarkable environmental knowledge allowed for long-distance navigation without Western technology

    Source: The Conversation – USA – By Richard (Rick) Feinberg, Professor Emeritus of Anthropology, Kent State University

    An outrigger canoe would typically have several paddlers and one navigator. AP Photo/David Goldman

    Wet and shivering, I rose from the outrigger of a Polynesian voyaging canoe. We’d been at sea all afternoon and most of the night. I’d hoped to get a little rest, but rain, wind and an absence of flat space made sleep impossible. My companions didn’t even try.

    It was May 1972, and I was three months into doctoral research on one of the world’s most remote islands. Anuta is the easternmost populated outpost in the Solomon Islands. It is a half-mile in diameter, 75 miles (120 kilometers) from its nearest inhabited neighbor, and remains one of the few communities where inter-island travel in outrigger canoes is regularly practiced.

    A documentary team made a recent visit to Anuta.

    My hosts organized a bird-hunting expedition to Patutaka, an uninhabited monolith 30 miles away, and invited me to join the team.

    We spent 20 hours en route to our destination, followed by two days there, and sailed back with a 20-knot tail wind. That adventure led to decades of anthropological research on how Pacific Islanders traverse the open sea aboard small craft, without “modern” instruments, and safely arrive at their intended destinations.

    Wayfinding techniques vary, depending upon geographic and environmental conditions. Many, however, are widespread. They include mental mapping of the islands in the sailors’ navigational universe and the location of potential destinations in relation to the movement of stars, ocean currents, winds and waves.

    Western interest in Pacific voyaging

    Disney’s two “Moana” movies have shined a recent spotlight on Polynesian voyaging. European admiration for Pacific mariners, however, dates back centuries.

    In 1768, the French explorer Louis Antoine de Bougainville named Sāmoa the “Navigators’ Islands.” The famed British sea captain James Cook reported that Indigenous canoes were as fast and agile as his ships. He welcomed Tupaia, a navigational expert from Ra‘iātea, onto his ship and documented Tupaia’s immense geographic knowledge.

    European explorers were impressed by the navigational skills of the people they encountered in the Pacific islands.
    Science & Society Picture Library via Getty Images

    In 1938, Māori scholar Te Rangi Hīroa (aka Sir Peter Buck) authored “Vikings of the Sunrise,” outlining Pacific exploration as portrayed in Polynesian legend.

    In 1947, Thor Heyerdahl, a Norwegian explorer and amateur archaeologist, crossed from Peru to the Tuamotu Islands aboard a balsa wood raft that he named Kon-Tiki, sparking further interest and inspiring a sequence of experimental voyages.

    Ten years later Andrew Sharp, a New Zealand-based historian and prominent naysayer, argued that accurate navigation over thousands of miles without instruments is impossible. Others responded with ethnographic studies showing that such voyages were both historic fact and current practice. In 1970, Thomas Gladwin published his findings on the Micronesian island of Polowat in “East Is a Big Bird.” Two years later, David Lewis’ “We, the Navigators” documented wayfinding techniques across much of Oceania.

    Many anthropologists, along with Indigenous mariners, have built on Gladwin’s and Lewis’ work.

    A final strand has been experimental voyaging. Most celebrated is the work of the Polynesian Voyaging Society. They constructed a double-hull voyaging canoe named Hōkūle‘a, built from modern materials but following a traditional design. In 1976, led by Micronesian navigator Mau Piailug, they sailed Hōkūle‘a over 2,500 miles, from Hawai‘i to Tahiti, without instruments. In 2017, Hōkūle‘a completed a circumnavigation of the planet.

    In traversing Earth’s largest ocean, one can travel thousands of miles and see nothing but sky and water in any direction. Absent a magnetic compass, much less GPS, how is it possible to navigate accurately to the intended destination?

    Looking to the stars

    Most Pacific voyagers rely on celestial navigation. Stars rise in the east, set in the west, and, near the equator, follow a set line of latitude. If a known star either rises or sets directly over the target island, the helmsman can align the vessel with that star.

    However, there are complications.

    Which stars are visible, as well as their rising and setting points, changes throughout the year. Therefore, navigation requires detailed astronomical understanding.

    Also, stars are constantly in motion. One that is positioned directly over the target island will soon either rise too high to be useful or sink below the horizon. Thus, a navigator must seek other stars that follow a similar trajectory and track them as long as they are visible and low on the horizon. Such a sequence of guide stars is often called a “star path.”

    Of course, stars may not align precisely with the desired target. In that case, instead of aiming directly toward the guide star, the navigator keeps it at an appropriate angle.

    A navigator must modify the vessel’s alignment with the stars to compensate for currents and wind that may push the canoe sideways. This movement is called leeway. Therefore, celestial navigation requires knowledge of the currents’ presence, speed, strength and direction, as well as being able to judge winds’ strength, direction and effect on the canoe.

    During daylight, when stars are invisible, the Sun may serve a similar purpose. In early morning and late afternoon, when the Sun is low in the sky, sailors use it to calculate their heading. Clouds, however, sometimes obscure both Sun and stars, in which case voyagers rely on other cues.

    Navigating requires deep understanding of waves, in the form of both swells and seas.
    AP Photo/Esteban Felix

    Waves, wind and other indicators

    A critical indicator is swells. These are waves produced by winds that blow steadily across thousands of miles of open sea. They maintain their direction regardless of temporary or local winds, which produce differently shaped waves called “seas.”

    The helmsman, feeling swells beneath the vessel, gleans the proper heading, even in the dark. In some locations, as many as three or four distinct swell patterns may exist; voyagers distinguish them by size, shape, strength and direction in relation to prevailing winds.

    Once sailors near their target island, but before it is visible, they must determine its precise location. A common indicator is reflected waves: swells that hit the island and bounce back to sea. The navigator feels reflected waves and sails toward them. Pacific navigators who have spent their lives at sea appear quite confident in their reliance on reflected waves. I, by contrast, find them difficult to differentiate from waves produced directly by the wind.

    Birds headed for home at the end of the day provide a clue about where land lies.
    Ecaterina Leonte/Photodisc via Getty Images

    Certain birds that nest on land and fish at sea are also helpful. In early morning, one assumes they’re flying from the island; in late afternoon, they’re likely returning to their nesting spots.

    Navigators sometimes recognize a greenish tint to the sky above a not-yet-visible island. Clouds may gather over a volcanic peak.

    And sailors in the Solomon Islands’ Vaeakau-Taumako region report underwater streaks of light known as te lapa, which they say point toward distant islands. One well-known researcher has expressed confidence in te lapa’s existence and utility. Some scholars have suggested that it could be a bioluminescent or electromagnetic phenomenon. On the other hand, despite a year of concerted effort, I was unable to confirm its presence.

    Estimating one’s position at sea is another challenge. Stars move along a given parallel and indicate one’s latitude. To gauge longitude, by contrast, requires dead reckoning. Navigators calculate their position by keeping track of their starting point, direction, speed and time at sea.

    Some Micronesian navigators estimate their progress through a system known as etak. They visualize the angle between their canoe, pictured as stationary, and a reference island that is off to one side and represented as moving. Western researchers have speculated on how etak works, but there is no consensus yet.

    For millennia, Pacific voyagers have relied on techniques such as these to reach thousands of islands, strewn throughout our planet’s largest ocean. They did so without Western instruments. Instead, they held sophisticated knowledge and shared understandings, passed by word of mouth, through countless generations.

    Richard (Rick) Feinberg has, in the past, received research funding from the National Science Foundation, the National Institute for Mental Health, and Kent State University. He is a member of the American Anthropological Association, the Association of Senior Anthropologists, and the Association for Social Anthropology in Oceania. He has maintained connections with people of the islands on which he has conducted research.

    ref. Pacific voyagers’ remarkable environmental knowledge allowed for long-distance navigation without Western technology – https://theconversation.com/pacific-voyagers-remarkable-environmental-knowledge-allowed-for-long-distance-navigation-without-western-technology-247547

    MIL OSI – Global Reports

  • MIL-OSI Asia-Pac: CE: Middle East visit yields fruitful results and elevates Hong Kong’s relations with Qatar and Kuwait to new level (with photos/videos)

    Source: Hong Kong Government special administrative region

         â€‹The Chief Executive, Mr John Lee, today (May 14) led a business delegation comprising representatives from Hong Kong and Mainland enterprises to continue its visit programme to Kuwait. He met with representatives of the Kuwait Direct Investment Promotion Authority (KDIPA) and exchanged views with local political and business leaders. He witnessed the achievement of multiple outcomes of co-operation between government departments, enterprises and organisations of Hong Kong, the Mainland and Kuwait, including the signing of Memoranda of Understanding (MOUs). He also visited a local enterprise.
     
    In the morning, Mr Lee met with the Director General of the KDIPA, Dr Meshaal Jaber Al-Ahmad Al-Sabah, to learn about Kuwait’s strategies and achievements in attracting business and investment. Mr Lee noted that last year, Kuwait was Hong Kong’s sixth-largest trading partner in the Middle East, and both places have significant room for development in trade and business between the two places. Hong Kong will continue to serve as a bridge to assist enterprises in going global and attracting external investment, welcoming Kuwaiti enterprises to leverage Hong Kong’s world-class financing support and professional services to explore international markets.
     
    Mr Lee later attended a business luncheon cohosted by the Hong Kong Economic and Trade Office in Dubai and the Hong Kong Trade Development Council, where he delivered a speech to near 300 local business leaders promoting Hong Kong’s business advantages and development opportunities. He highlighted that the merchandise trade between Hong Kong and the Cooperation Council for the Arab States of the Gulf (GCC) reached nearly US$20 billion last year, an increase of over 53 per cent in the past four years, while Hong Kong’s merchandise trade with Kuwait last year amounted to US$200 million, up more than 20 per cent from the previous year. Hong Kong is an international financial centre and the world’s largest offshore Renminbi business hub. Hong Kong and Mainland enterprises can complement each other’s strengths. Hong Kong will give full play to its role as a “super connector” and “super value-adder” to deepen international exchanges and co-operation. Mr Lee added that he believes the ties and co-operation between Hong Kong and Kuwait will continue to flourish.
     
    At the luncheon, government departments, enterprises, and organisations from Hong Kong, the Mainland, and Kuwait exchanged and announced 24 MOUs and co-operation agreements, covering areas such as economy and trade, investment, financial services, technology, legal co-operation, cargo clearance and flow, aviation, and post-secondary education.
     
    In the afternoon, Mr Lee and the delegation visited Zain Group, a major mobile telecommunications company, to learn about its business in innovative technologies and digital communications, and exchanged views with company representatives on topics such as drones, AI, and smart city development. Mr Lee remarked that Hong Kong is actively developing into an international innovation and technology centre, and he welcomes the company to invest and pursue co-operation opportunities in Hong Kong.
     
    In the evening, Mr Lee will host a dinner for members of the business delegation comprising representatives from Hong Kong and Mainland enterprises to thank them for their active participation in the programme of the past four days and for working together to explore co-operation opportunities for Hong Kong and the Mainland in the Middle East.
     
    Concluding the visit, Mr Lee said that the business delegation comprising representatives from Hong Kong and Mainland enterprises, which he led to visit Qatar and Kuwait, has yielded fruitful results. He mentioned that the Middle East visit successfully made achievements in six areas, namely:

    1. further strengthening the relationship between the Hong Kong Special Administrative Region (HKSAR) Government and the governments of Qatar and Kuwait, and building consensus for collaboration;
    2. reaching a total of 59 MOUs and agreements, laying a diversified foundation;
    3. leveraging Hong Kong’s strengths under the “one country, two systems” principle in connecting the Mainland and the world, deepening international exchanges and co-operation, and demonstrating the synergistic power of the complementary advantages between Hong Kong and the Mainland;
    4. further building relations with the GCC countries to explore greater business opportunities;
    5. deepening mutual understanding and strengthening commercial and trading networks; and
    6. further enhancing cultural exchanges with the GCC countries.

     
    Mr Lee said that Hong Kong has the distinctive advantages of enjoying strong support of the motherland and being closely connected to the world, noting that the Middle East countries are actively diversifying risks and seeking investment opportunities in China and the HKSAR, which aligns with the global economic shift towards the East. The opportunities in Hong Kong are limitless. This Middle East visit has elevated Hong Kong’s relations with Qatar and Kuwait to a new level, bringing more business opportunities to Hong Kong.
     
    Mr Lee will return to Hong Kong tomorrow (May 15).

    MIL OSI Asia Pacific News

  • India, Austria reaffirm strong bilateral ties, discuss Ukraine conflict and regional security

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister Dr. S. Jaishankar and Austrian Foreign Minister Beate Meinl-Reisinger held a telephonic conversation on Tuesday, reaffirming their commitment to deepening India-Austria bilateral relations and addressing pressing global challenges.
     
    Dr. Jaishankar, in a post on X, said he appreciated the conversation with Minister Meinl-Reisinger and congratulated her on her recent appointment. The two leaders expressed mutual agreement on the need for zero tolerance towards terrorism and firmly rejected any form of nuclear blackmail.
     
    In a separate post on X, Minister Meinl-Reisinger described the exchange as a “very good phone call,” noting that both countries are committed to elevating their already strong partnership. She reiterated Austria’s condemnation of the recent terror attack in Pahalgam, Jammu and Kashmir, and welcomed the ceasefire between India and Pakistan, calling it a “vital step toward de-escalation.”
     
    The Austrian minister also emphasized the need for a collective global effort to end the war in Ukraine. “Now is the time for Russia to stop the killing and agree to the ceasefire,” she said, underscoring Austria’s continued call for peace.
  • MIL-OSI Europe: OSCE helps Central Asian practitioners tackle youth crime at its roots

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE helps Central Asian practitioners tackle youth crime at its roots

    Participants at a regional training course on multi-stakeholder co-operation in youth crime prevention for law enforcement and social services professionals, Tashkent, Uzbekistan, 14 May 2025. (OSCE) Photo details

    As part of efforts to help prevent young people from becoming criminals, the OSCE Transnational Threats Department and the Office of the Co-ordinator of OSCE Economic and Environmental Activities held a regional training course on multi-stakeholder co-operation in youth crime prevention for law enforcement and social services professionals from Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan in Tashkent, Uzbekistan on 13 and 14 May.
    The 28 participants were law enforcement and social services sector representatives who work with and for youth. They took part in interactive sessions, group work, and expert-led discussion to strengthen their knowledge and skills in identifying and prioritizing youth crime cases, and addressing root causes such as social vulnerability, exposure to criminal recruitment and lack of access to support services.
    The course participants also explored how international models can be adapted to address local and regional challenges. They placed particular emphasis on the German “Kurve Kriegen” youth crime prevention initiative as an example of a good practice.
    Looking at the future, participants discussed next steps and national follow-up activities, including potential pilot youth crime prevention practices inspired by international good practices. They concluded the event by committing to turning their ideas into concrete action and strengthening early prevention efforts across Central Asia.
    The training course was part of the OSCE-wide multi-year extrabudgetary project “Enhancing youth crime and drug use prevention through education on legality and awareness campaigns addressing threats of organized crime and corruption”, funded by Germany with additional support from Andorra, Finland, Italy, Norway, Poland and Thailand.

    MIL OSI Europe News

  • MIL-OSI: First Busey Corporation Prices Depositary Share Offering

    Source: GlobeNewswire (MIL-OSI)

    LEAWOOD, Kan., May 14, 2025 (GLOBE NEWSWIRE) — First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, announced the pricing of an underwritten public offering of 8,000,000 depositary shares, each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock (the “Series B preferred stock”), with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share).

    When, as, and if declared by the board of directors of Busey, dividends will be payable on the Series B preferred stock from the date of issuance at a rate of 8.25% per annum, payable quarterly in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on September 1, 2025. Busey may redeem the Series B preferred stock at its option at a redemption price equal to $25.00 per depositary share, as described in the prospectus supplement and accompanying prospectus relating to the offering.

    Net proceeds from the offering are expected to be used to redeem Busey’s 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, and for general corporate purposes including to support balance sheet growth of Busey Bank.

    Busey intends to apply to list the depositary shares on the Nasdaq Global Select Market under the symbol “BUSEP.”

    Piper Sandler & Co., Morgan Stanley & Co. LLC and Keefe, Bruyette & Woods, Inc. are serving as joint bookrunning managers for the offering, and Janney Montgomery Scott LLC is acting as the co-manager.

    The Company expects to close the offering, subject to customary conditions, on or about May 20, 2025.

    The Company filed a “shelf” registration statement (File No. 333-274620) (including a base prospectus (the “Base Prospectus”)) on September 21, 2023 and the related preliminary prospectus supplement on May 13, 2025 (the “Preliminary Prospectus Supplement”) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, Busey, any underwriter or any dealer participating in the offering will arrange to send you the Base Prospectus and the Preliminary Prospectus Supplement if you request it by emailing Piper Sandler & Co. at fsg-dcm@psc.com or calling Morgan Stanley & Co. LLC toll-free at 1-866-718-1649 or Keefe, Bruyette & Woods, A Stifel Company at 1-800-966-1559.

    This news release shall not constitute an offer to sell, or the solicitation of an offer to buy any securities, nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Corporate Profile
    As of March 31, 2025, First Busey Corporation (Nasdaq: BUSE) was a $19.46 billion financial holding company headquartered in Leawood, Kansas.

    Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation headquartered in Champaign, Illinois, had total assets of $11.98 billion as of March 31, 2025. Busey Bank currently has 62 banking centers, with 21 in Central Illinois markets, 17 in suburban Chicago markets, 20 in the St. Louis Metropolitan Statistical Area, three in Southwest Florida, and one in Indianapolis. More information about Busey Bank can be found at busey.com.

    CrossFirst Bank, a wholly-owned bank subsidiary of First Busey Corporation headquartered in Leawood, Kansas, had total assets of $7.45 billion as of March 31, 2025. CrossFirst Bank currently has 16 banking centers located across Arizona, Colorado, Kansas, Missouri, New Mexico, Oklahoma, and Texas. More information about CrossFirst Bank can be found at crossfirstbank.com. It is anticipated that CrossFirst Bank will be merged with and into Busey Bank on June 20, 2025.

    Through Busey’s Wealth Management division, the Company provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations. Assets under care totaled $13.68 billion as of March 31, 2025. More information about Busey’s Wealth Management services can be found at busey.com/wealth-management.

    Busey Bank’s wholly-owned subsidiary, FirsTech, specializes in the evolving financial technology needs of small and medium-sized businesses, highly regulated enterprise industries, and financial institutions. FirsTech provides comprehensive and innovative payment technology solutions, including online, mobile, and voice-recognition bill payments; money and data movement; merchant services; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments at retail agents. Additionally, FirsTech simplifies client workflows through integrations enabling support with billing, reconciliation, bill reminders, and treasury services. More information about FirsTech can be found at firstechpayments.com.

    For the fourth consecutive year, Busey was named among 2025’s America’s Best Banks by Forbes. Ranked 88th overall, Busey was one of seven banks headquartered in Illinois included on this year’s list. Busey was also named among the 2024 Best Banks to Work For by American Banker, the 2024 Best Places to Work in Money Management by Pensions and Investments, the 2024 Best Places to Work in Illinois by Daily Herald Business Ledger, the 2025 Best Places to Work in Indiana by the Indiana Chamber of Commerce, and the 2024 Best Companies to Work For in Florida by Florida Trend magazine. We are honored to be consistently recognized globally, nationally and locally for our engaged culture of integrity and commitment to community development.

    First Busey Corporation Contacts
    For Financials:  For Media:
    Scott Phillips, Interim CFO Amy L. Randolph, EVP & COO
    First Busey Corporation  First Busey Corporation
    (239) 689-7167 (217) 365-4049
    scott.phillips@busey.com amy.randolph@busey.com
       

    Forward-Looking Statements
    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to Busey’s financial condition, results of operations, plans, objectives, future performance, and business. Forward-looking statements, which may be based upon beliefs, expectations, and assumptions of Busey’s management and on information currently available to management, are generally identifiable by the use of words such as “believe,” “expect,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will,” “would,” “could,” “should,” “position,” or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and Busey undertakes no obligation to update any statement in light of new information or future events.

    A number of factors, many of which are beyond Busey’s ability to control or predict, could cause actual results to differ materially from those in any forward-looking statements. These factors include, among others, the following: (1) the strength of the local, state, national, and international economies and financial markets (including effects of inflationary pressures, the threat or implementation of tariffs, trade wars, and changes to immigration policy); (2) changes in, and the interpretation and prioritization of, local, state, and federal laws, regulations, and governmental policies (including those concerning Busey’s general business); (3) the economic impact of any future terrorist threats or attacks, widespread disease or pandemics, or other adverse external events that could cause economic deterioration or instability in credit markets (including Russia’s invasion of Ukraine and the conflict in the Middle East); (4) unexpected results of acquisitions, including the acquisition of CrossFirst Bankshares, Inc., which may include the failure to realize the anticipated benefits of the acquisitions and the possibility that the transaction and integration costs may be greater than anticipated; (5) the imposition of tariffs or other governmental policies impacting the value of products produced by Busey’s commercial borrowers; (6) new or revised accounting policies and practices as may be adopted by state and federal regulatory banking agencies, the Financial Accounting Standards Board, the Securities and Exchange Commission, or the Public Company Accounting Oversight Board; (7) changes in interest rates and prepayment rates of Busey’s assets (including the impact of sustained elevated interest rates); (8) increased competition in the financial services sector (including from non-bank competitors such as credit unions and fintech companies) and the inability to attract new customers; (9) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (10) the loss of key executives or associates, talent shortages, and employee turnover; (11) unexpected outcomes and costs of existing or new litigation, investigations, or other legal proceedings, inquiries, and regulatory actions involving Busey (including with respect to Busey’s Illinois franchise taxes); (12) fluctuations in the value of securities held in Busey’s securities portfolio, including as a result of changes in interest rates; (13) credit risk and risk from concentrations (by type of borrower, geographic area, collateral, and industry), within Busey’s loan portfolio and large loans to certain borrowers (including commercial real estate loans); (14) the concentration of large deposits from certain clients who have balances above current Federal Deposit Insurance Corporation insurance limits and may withdraw deposits to diversify their exposure; (15) the level of non-performing assets on Busey’s balance sheets; (16) interruptions involving information technology and communications systems or third-party servicers; (17) breaches or failures of information security controls or cybersecurity-related incidents; (18) the economic impact on Busey and its customers of climate change, natural disasters, and exceptional weather occurrences such as tornadoes, hurricanes, floods, blizzards, and droughts; (19) the ability to successfully manage liquidity risk, which may increase dependence on non-core funding sources such as brokered deposits, and may negatively impact Busey’s cost of funds; (20) the ability to maintain an adequate level of allowance for credit losses on loans; (21) the effectiveness of Busey’s risk management framework; and (22) the ability of Busey to manage the risks associated with the foregoing. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

    The MIL Network

  • MIL-OSI: ibex Wave iX Wins Gold Stevie® Award at The 23rd Annual American Business Awards®

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, May 14, 2025 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced that ibex Wave iX has earned the Gold Stevie® Award in the Achievement in Technology Innovation category for The 23rd Annual American Business Awards®. This honor emphasizes the success of ibex’s AI-powered Wave iX solution platform in transforming the customer experience for leading brands around the world.

    “We are proud to be recognized by The Stevie® Awards for The Annual American Business Awards®,” said Carl O’Neil, EVP and GM of Wave iX, Augment, and ibex CX. “AI is transforming the customer experience landscape, and ibex is leading this evolution by creating groundbreaking AI-powered CX solutions that redefine how businesses engage with their customers.”

    ibex takes a solutions-driven approach to align with specific business needs and deliver real solutions for transformative outcomes. ibex Wave iX fuses cutting-edge technology with unmatched CX expertise to enable the next generation of AI and agent-assisted customer experience.

    “ibex Wave iX solutions drive true digital transformation and empower businesses of all sizes with advanced, customer-facing self-service capabilities as they adapt to deliver smarter, more personalized interactions,” O’Neil said. “Rather than forcing one-size-fits-all tools, we work closely with our clients to create customized, AI-powered CX solutions that produce meaningful, transformative results.”

    The American Business Awards complimented the impressive achievements of ibex Wave iX on multiple levels. The judges commended how ibex’s innovative approach to digital marketing and customer acquisition is transforming the industry. ibex is additionally recognized as an ideal strategic partner that executes the goals of their clients with excellent customer satisfaction.

    Explore the full suite of ibex Wave iX solutions here.

    “Organizations across the United States continue to demonstrate resilience and innovation,” said Stevie Awards president Maggie Miller. “The 2025 Stevie winners have helped drive that success through their innovation, persistence and hard work.”

    About the Stevie Awards
    Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

    About ibex
    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of more than 31,000 employees together with industry-leading technology, including its AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contact:
    Dan Burris
    ibex
    Daniel.Burris@ibex.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f2882e7-814b-4215-b4a0-caa2e4d988ec

    The MIL Network

  • MIL-OSI: Dan Starr and Mindy Creighton Truex Appointed to Lakeland Financial Corporation and Lake City Bank Boards of Directors

    Source: GlobeNewswire (MIL-OSI)

    WARSAW, Ind., May 14, 2025 (GLOBE NEWSWIRE) — Lakeland Financial Corporation (Nasdaq Global Select/LKFN) and Lake City Bank announced today that Dan Starr and Mindy Creighton Truex have been appointed to their respective Boards of Directors.

    “Our boards represent the foundational building blocks of stable corporate governance, leadership and engagement in our Indiana communities and provide balanced and thoughtful feedback to our leadership team. The addition of Dan and Mindy brings two proven business and community leaders to the table,” said David M. Findlay, Chairman and CEO. “Our boards are an extension of the bank in our Indiana markets and are active partners in the focus to drive long-term shareholder value. Both Dan and Mindy share a strong commitment to building long-term relationships within their industries and communities, which fits perfectly with Lake City Bank’s community banking philosophy.”

    Starr is CEO of Do it Best Corp., a Fort Wayne-based member-owned hardware, lumber and building materials buying cooperative in the home improvement industry with thousands of member-owned locations across the United States and in more than 60 countries. He has been with Do it Best Corp. for two decades and held several leadership roles prior to becoming President and CEO in 2016. Before joining Do it Best Corp., Starr was a partner with Barnes & Thornburg LLP and served as the firm’s Business, Tax & Real Estate departmental administrator in Fort Wayne.

    “Lake City Bank plays a vital role in many communities across our state and joining the board is an exciting opportunity,” said Starr. “I look forward to contributing to the continued growth and momentum of the bank.”

    Starr has a juris doctor degree magna cum laude from the Indiana University School of Law. He has served in numerous board leadership roles within the greater Fort Wayne community, including the Northeast Indiana Innovation Center, St. Francis Family Business Center and Fort Wayne Ballet. He currently serves as chairman of the Parkview Health Board of Directors, as well as on the Manchester University Board of Trustees Outreach Committee and the Do it Best Foundation.

    Mindy Creighton Truex is President of Creighton Brothers Farms LLC, a Warsaw-based family-owned farm founded in 1925. With extensive experience in the agricultural sector, she has been instrumental in developing innovative initiatives with Creighton Brothers Farms, including educational and farm-to-table experiences. She has served in leadership roles with national and local agricultural advocacy organizations, including the American Egg Board, United Egg Producers, Indiana State Poultry Association and Purdue University Animal Science Department Dean’s Advisory Committee.

    “As a sixth generation Kosciusko County farmer, I’m honored to join the Lake City Bank and Lakeland Financial Corporation boards,” said Creighton Truex. “Lake City Bank has been a part of the fabric of our community since 1872 and I’m excited to help the bank continue to grow.”

    Creighton Truex has a bachelor’s degree in agribusiness management from Purdue University. She has served on the boards of many nonprofit organizations that impact her local community, including the Kosciusko County Visitor’s Bureau, Kosciusko County Community Foundation, Kosciusko County Leadership Academy, Purdue University’s Kosciusko County Agricultural Extension, Kosciusko County Farm Bureau, and United Way of Kosciusko County.

    Lakeland Financial Corporation (Nasdaq Global Select/LKFN) is a $6.9 billion bank holding company headquartered in Warsaw, Indiana. Lake City Bank, its single bank subsidiary, was founded in 1872 and serves Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform. Lake City Bank’s community banking model prioritizes building in‐market long‐term customer relationships while delivering technology‐forward solutions for retail and commercial clients. For more information visit www.lakecitybank.com.

    Contact
    Luke Weick
    Marketing Manager
    574 267-9198, x47279 office
    260 431-7061 mobile
    luke.weick@lakecitybank.com

    The MIL Network

  • MIL-OSI: Silynxcom Announces Record Annual Revenue of Approximately $9.1 million in 2024

    Source: GlobeNewswire (MIL-OSI)

    Netanya, Israel, May 14, 2025 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, has released its consolidated financial results for the full year period ended December 31, 2024. 

    Key Financial Highlights for 2024:

    • Revenues for the year ended December 31, 2024 increased to a record of $9.1 million, up approximately 18% from the previous year. This growth reflects the Company’s ongoing expansion and product adoption.
       
    • Cash and cash equivalents as of December 31, 2024 totaled $3.2 million.
       
    • Gross profit for the year ended December 31, 2024 amounted to approximately $3.8 million, up 17% compared to $3.2 million from the same period in the previous year.

    Recent Corporate Highlights:

    • On April 2, 2025, the Company announced the closing of underwritten public offering of, for gross proceeds of approximately $2.9 million, before deducting underwriting discounts and offering expenses.
       
    • Entry into drone detection technology- the Company introduced an armored personnel carrier headset that enhances battlefield awareness by detecting drone noise while maintaining hearing protection.
       
    • Received $10 Million in orders from the Israel Defense Forces Since October 7, 2023.
       
    • Asia Pacific Growth- expanded sales operations in the Asia Pacific region.
       
    • Enhanced its position as a market innovator with new orders from militaries, special units and police departments worldwide.
       
    • Advanced its revolutionary in-ear communication solution with real-time vital signs monitoring.
       
    • Successfully completed field trials for its innovative product, aimed at boosting situational awareness and safety for armored personnel carrier crews and other heavy military vehicles, with a military force in Asia.

    The Company has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”), which can be accessed on its website at https://www.silynxcom.com/. Shareholders may request, free of charge, a hard copy of the Annual Report, which includes Silynxcom’s complete audited consolidated financial statements for the year ended December 31, 2024, by contacting ir@silynxcom.com.

    About Silynxcom Ltd.

    Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    For additional information about the company please visit: https://silynxcom.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 13, 2025, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Capital Markets & IR Contact

    Michal Efraty
    ir@silynxcom.com

    The MIL Network

  • MIL-OSI: Primech Regains Compliance with Nasdaq’s Minimum Bid Price Requirement

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 14, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (“Primech” or the “Company”) (Nasdaq: PMEC), an established technology-driven facility services provider in the public and private sectors operating mainly in Singapore, today announced that it has received notice from the Nasdaq Stock Market (“Nasdaq”) on May 13, 2025 informing the Company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the “Rule”) for continued listing on The Nasdaq Capital Market. 

    Primech was previously notified by Nasdaq on May 14, 2024 that it was not in compliance with the minimum bid price rule because its ordinary share failed to meet the closing bid price of $1.00 or more for 30 consecutive business days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on May 12, 2025, the tenth consecutive trading day when the closing bid price of the Company’s ordinary share was over $1.00. Therefore, Nasdaq considers the prior bid price deficiency matter now closed.

    “We are pleased to have regained compliance with Nasdaq’s listing standards,” said Kin Wai Ho, CEO of Primech Holdings Limited. “This reflects the resilience of our business model and the unwavering dedication of our team. We remain focused on our growth initiatives to expand our market presence in the facility services sector, particularly our AI-powered cleaning technologies.”

    About Primech Holdings Limited

    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.     

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:        
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network

  • MIL-OSI: Fiera Capital Corporation announces $60 million bought deal offering of 7.75% Senior Subordinated Unsecured Debentures

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, May 14, 2025 (GLOBE NEWSWIRE) — Fiera Capital Corporation (“Fiera Capital” or the “Company”) (TSX: FSZ) is pleased to announce that it has entered into an agreement with Scotiabank, CIBC Capital Markets, Desjardins Capital Markets and RBC Capital Markets, as joint bookrunners, on behalf of a syndicate of underwriters which also included National Bank Financial Inc., BMO Capital Markets, TD Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd. (collectively, the “Underwriters”), whereby the Underwriters have agreed to purchase $60 million aggregate principal amount of senior subordinated unsecured debentures due June 30, 2030 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). Fiera Capital has also granted the Underwriters an option to purchase up to an additional $9 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. The Offering is expected to close on or about June 3, 2025.

    The Debentures will bear interest at a rate of 7.75% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, with the first interest payment on December 31, 2025. The December 31, 2025 interest payment will represent accrued interest from the closing of the Offering, to but excluding December 31, 2025. The Debentures will mature on June 30, 2030 (the “Maturity Date”).

    The Debentures will not be redeemable prior to June 30, 2028 (the “First Call Date”), except upon the occurrence of a change of control of the Company in accordance with the terms of the indenture (the “Indenture”) governing the Debentures. On and after the First Call Date and prior to June 30, 2029, the Debentures will be redeemable in whole or in part from time to time at the Company’s option at a redemption price equal to 103.875% of the principal amount of the Debentures redeemed plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. On and after June 30, 2029 and prior to the Maturity Date, the Debentures will be redeemable, in whole or in part, from time to time at the Company’s option at par plus accrued and unpaid interest, if any, up to but excluding the date set for redemption. The Company shall provide not more than 60 nor less than 30 days’ prior notice of redemption of the Debentures.

    The Company will have the option to satisfy its obligation to repay the principal amount of the Debentures due at redemption or maturity by issuing and delivering that number of freely tradeable Class A subordinate voting shares (the “Class A Shares”) in accordance with the terms of the Indenture.

    The Debentures will not be convertible into Class A Shares at the option of the holders at any time.

    The net proceeds of the Offering will be used to fund the redemption of the Company’s 8.25% Senior Subordinated Unsecured Debentures due December 31, 2026 (the “2026 Debentures”) that the Company intends to effect on the first call-date, December 31, 2025, and for general corporate purposes. Pending such use, the net proceeds from the Offering will temporarily be used by the Company to reduce indebtedness under the Company’s unsecured revolving credit facility. The foregoing is not a redemption notice with respect to the 2026 Debentures. Any redemption of the 2026 Debentures will be made pursuant to a notice of redemption under the indenture governing those securities.

    The Debentures will be direct, senior subordinated unsecured obligations of the Company which will rank pari passu with one another and will rank (a) effectively subordinate to any existing and future secured indebtedness of the Company but only (other than with respect to the Senior Credit Facilities (as defined in the Indenture)) to the extent of the value of the assets securing such secured indebtedness, (b) subordinate to the obligations under the current and future Senior Credit Facilities (as defined in the Indenture), (c) pari passu with the Company’s existing 2026 Debentures and 6.00% Senior Subordinated Unsecured Debentures due June 30, 2027 and, except as prescribed by law, all existing and future unsecured indebtedness (other than the Senior Credit Facilities) that by its terms is not subordinated in right of payment to the Debentures, including indebtedness to trade creditors, and (d) senior to all existing and future unsecured indebtedness that by its terms is subordinated in right of payment to the Debentures, including any convertible unsecured subordinated debentures which may be issued by the Company in the future. In addition, the Debentures will be structurally subordinated to all existing and future indebtedness and other liabilities of the Company’s subsidiaries.

    A preliminary short form prospectus will be filed with securities regulatory authorities in all provinces of Canada. The Offering is subject to customary regulatory approvals, including the approval of the Toronto Stock Exchange.

    The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Legal advisors

    Legal advice is being provided to Fiera Capital by Fasken Martineau DuMoulin LLP. Legal advice is being provided to the Underwriters by Norton Rose Fulbright Canada LLP.

    Forward-Looking Statements

    This document may contain certain forward-looking statements relating to future events or, future performance reflecting management’s expectations or beliefs regarding future events, including, without limitation, business and economic conditions, outlook and trends, Fiera Capital’s growth, results of operations, performance, business prospects and opportunities, objectives, plans and strategic priorities, new initiatives, such as those related to sustainability and other statements that do not refer to historical facts. In particular, this press release includes forward-looking statements relating to the proposed timing of completion of the Offering and the anticipated use of the net proceeds of the Offering. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. These forward-looking statements may typically be identified by words and expressions such as “assumption, “continue”, “estimate”, “forecast”, “goal”, “guidance”, “likely”, “plan”, “objective”, “outlook”, “potential”, “foresee”, “project”, “strategy”, “target”, and other similar words or expressions or future or conditional verbs (including in their negative form), such as “aim”, “anticipate”, “believe”, “could”, “expect”, “foresee”, “intend”, “may”, “plan”, “predict”, “seek”, “should”, “strive” and “would”.

    Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on several assumptions, which make it possible for actual results or events to differ materially from management’s expectations and that predictions, forecasts, projections, expectations, conclusions or statements will not prove to be accurate. As a result, Fiera Capital does not guarantee that any forward-looking statement will materialize and readers are cautioned not to place undue reliance on these forward-looking statements. These risks include, but are not limited to, the failure or delay in satisfying any of the conditions to the completion of the Offering. Additional factors include, but are not limited to, market and general economic conditions, the nature of the financial services industry, and the risks and uncertainties detailed from time to time in Fiera Capital’s interim condensed and annual consolidated financial statements, and its latest Annual Report and Annual Information Form filed on www.sedarplus.ca. These forward-looking statements are made as of the date of this document, and Fiera Capital assumes no obligation to update or revise them to reflect new events or circumstances.

    About Fiera Capital Corporation

    Fiera Capital is a leading independent asset management firm with a growing global presence. The Company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. Fiera Capital’s depth of expertise, diversified investment platform and commitment to delivering outstanding service are core to our mission of being at the forefront of investment management science to create sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange.

    Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), Hong Kong (SAR) and Abu Dhabi (ADGM).

    Each affiliated entity (each an “Affiliate”) of Fiera Capital only provides investment advisory or investment management services or offers investment funds in the jurisdictions where the Affiliate is authorized to provide services pursuant to the relevant registrations, an exemption from such registrations and/or the relevant product is registered or exempt from registration.

    Fiera Capital does not provide investment advice to U.S. clients or offer investment advisory services in the U.S. In the U.S., asset management services are provided by Fiera Capital’s Affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult https://www.fieracapital.com/en/registrations-and-exemptions

    Additional information about Fiera Capital, including its Annual Information Form, is available on SEDAR+ at www.sedarplus.ca

    SOURCE Fiera Capital Corporation

    The information contained in press releases and company news is valid as of the date indicated. You should not assume that statements remain accurate or valid after the date.

    For more information: Analysts and investors, Marie-France Guay, Senior Vice President, Treasury and Investor Relations, Fiera Capital Corporation, 514 294-5878, mguay@fieracapital.com

    The MIL Network

  • MIL-OSI Global: The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead

    Source: The Conversation – Global Perspectives – By Peter Draper, Professor, and Executive Director: Institute for International Trade, and Jean Monnet Chair of Trade and Environment, University of Adelaide

    Defying expectations, the United States and China have announced an important agreement to de-escalate bilateral trade tensions after talks in Geneva, Switzerland.

    The good, the bad and the ugly

    The good news is their recent tariff increases will be slashed. The US has cut tariffs on Chinese imports from 145% to 30%, while China has reduced levies on US imports from 125% to 10%. This greatly eases major bilateral trade tensions, and explains why financial markets rallied.

    The bad news is twofold. First, the remaining tariffs are still high by modern standards. The US average trade-weighted tariff rate was 2.2% on January 1 2025, while it is now estimated to be up to 17.8%. This makes it the highest tariff wall since the 1930s.

    Overall, it is very likely a new baseline has been set. Bilateral tariff-free trade belongs to a bygone era.

    Second, these tariff reductions will be in place for 90 days, while negotiations continue. Talks will likely include a long list of difficult-to-resolve issues. China’s currency management policy and industrial subsidies system dominated by state-owned enterprises will be on the table. So will the many non-tariff barriers Beijing can turn on and off like a tap.

    China is offering to purchase unspecified quantities of US goods – in a repeat of a US-China “Phase 1 deal” from Trump’s first presidency that was not implemented. On his first day in office in January, amid a blizzard of executive orders, Trump ordered a review of that deal’s implementation. The review found China didn’t follow through on the agriculture, finance and intellectual property protection commitments it had made.

    Unless the US has now decided to capitulate to Beijing’s retaliatory actions, it is difficult to see the US being duped again.

    Failure to agree on these points would reveal the ugly truth that both countries continue to impose bilateral export controls on goods deemed sensitive, such as semiconductors (from the US to China) and processed critical minerals (from China to the US).

    Moreover, in its so-called “reciprocal” negotiations with other countries, the US is pressing trading partners to cut certain sensitive China-sourced goods from their exports destined for US markets. China is deeply unhappy about these US demands and has threatened to retaliate against trading partners that adopt them.

    A temporary truce

    Overall, the announcement is best viewed as a truce that does not shift the underlying structural reality that the US and China are locked into a long-term cycle of escalating strategic competition.




    Read more:
    Why Trump fails to understand China’s trade war tactics, and what his negotiators should be reading


    That cycle will have its ups (the latest announcement) and downs (the tariff wars that preceded it). For now, both sides have agreed to announce victory and focus on other matters.

    For the US, this means ensuring there will be consumer goods on the shelves in time for Halloween and Christmas, albeit at inflated prices. For China, it means restoring some export market access to take pressure off its increasingly ailing economy.

    As neither side can vanquish the other, the likely long-term result is a frozen conflict. This will be punctuated by attempts to achieve “escalation dominance”, as that will determine who emerges with better terms. Observers’ opinions on where the balance currently lies are divided.

    Along the way, and to use a quote widely attributed to Winston Churchill, to “jaw-jaw is better than to war-war”. Fasten your seat belts, there is more turbulence to come.

    Where does this leave the rest of us?

    Significantly, the US has not (so far) changed its basic goals for all its bilateral trade deals.

    Its overarching aim is to cut the goods trade deficit by reducing goods imports and eliminating non-tariff barriers it says are “unfairly” prohibiting US exports. The US also wants to remove barriers to digital trade and investments by tech giants and “derisk” certain imports that it deems sensitive for national security reasons.

    The agreement between the US and UK last week clearly reflects these goals in operation. While the UK received some concessions, the remaining tariffs are higher, at 10% overall, than on April 2 and subject to US-imposed import quotas. Furthermore, the UK must open its market for certain goods while removing China-originating content from steel and pharmaceutical products destined for the US.

    For Washington’s Pacific defence treaty allies, including Australia, nothing has changed. Potentially difficult negotiations with the Trump administration lie ahead, particularly if the US decides to use our security dependencies as leverage to wring concessions in trade. Japan has already disavowed linking security and trade, and their progress should be closely watched.

    The US has previously paused high tariffs on manufacturing nations in South-East Asia, particularly those used by other nations as export platforms to avoid China tariffs. Vietnam, Cambodia and others will face sustained uncertainty and increasingly difficult balancing acts. The economic stakes are higher for them.

    They, like the Japanese, are long-practised in the subtle arts of balancing the two giants. Still, juggling ties with both Washington and Beijing will become the act of an increasingly high-wire trapeze artist.

    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. The US and China have reached a temporary truce in the trade wars, but more turbulence lies ahead – https://theconversation.com/the-us-and-china-have-reached-a-temporary-truce-in-the-trade-wars-but-more-turbulence-lies-ahead-256448

    MIL OSI – Global Reports

  • MIL-OSI Banking: Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

    Source: GlobalData

    Hong Kong (China SAR) general insurance industry to reach $10.9 billion by 2029, forecasts GlobalData

    Posted in Insurance

    The general insurance industry in Hong Kong (China SAR) is projected to grow at a compound annual growth rate (CAGR) of 5.1% from HKD69.9 billion ($8.9 billion) in 2025 to HKD85.4 billion ($10.9 billion) by 2029, in terms of gross written premium (GWP), according to GlobalData, a leading data and analytics company.

    According to GlobalData’s Hong Kong (China SAR) Insurance Database, the general insurance market in Hong Kong (China SAR) is estimated to reach HKD69.9 billion ($8.9 billion) in 2025, reflecting an annual growth rate of 4.7%. This growth is attributed to the economic recovery, an aging population, increased demand for health insurance products, the occurrence of natural disasters due to climate change, and the increasing demand for liability insurance.

    Swarup Kumar Sahoo, Senior Insurance Analyst at GlobalData, comments: ” The growth of the general insurance industry in Hong Kong (China SAR) is supported by rising demand for personal accident and health insurance from local and non-local customers, including mainland Chinese residents, the unpredictability of climate events, and the increasing demand for cyber insurance.”

    Personal Accident and Health (PA&H) insurance is the largest line of business and is expected to account for 34.7% of the general insurance GWP in 2025. The rising demand for health and travel insurance products from non-local customers has driven the growth of PA&H. Such demand mainly comes from Mainland China, the Middle East, and Southeast Asia. Increased connectivity with the Greater Bay Area (GBA) and the issuance of policies in either Hong Kong dollars or US dollars have supported this growth.

    The Insurance Authority (IA) will issue educational materials in Arabic for Middle East clients by Q2 2025 to further support the growing non-local demand. Additionally, increased connectivity to the GBA has provided insurers with access to the affluent population in cities such as Shenzhen and Guangzhou. Easing of restrictions from the GBA on the sales and servicing of insurance products will boost premium growth during 2025-29.

    Property insurance is the second-largest line of business with an estimated 22.2% share of the general insurance GWP in 2025. Property insurance, which grew by 9.1% in 2024, is expected to register 7.5% growth in 2025.

    Sahoo adds: “The increasing incidents of natural disasters such as typhoons and floods have prompted insurers to reassess risk models and implement stricter underwriting policies. The Hong Kong Government’s investments in infrastructure projects are expected to further enhance the property insurance market as insurers adapt to climate risks and offer innovative solutions like parametric insurance.

    Liability insurance is the third-largest line of business, estimated to account for 22.1% of the general insurance GWP in 2025. This line of business is set to grow at a CAGR of 3.4% during 2025-29, driven by the demand for cyber insurance products spurred by rising digital threats. The digitalization efforts in the region will also play a crucial role in the growth of liability insurance in Hong Kong. Small and medium enterprises are increasingly investing in cyber insurance amid rising business risk and to adhere to data privacy laws.

    Other general insurance lines, such as motor, financial lines, and marine, aviation, and transit, are estimated to account for the remaining 21.6% share of the general insurance GWP in 2025.

    Sahoo concludes: “The growth of Hong Kong’s general insurance market will continue to depend on Mainland China. The country’s super-aging population will present both challenges and opportunities for the general insurance industry. Furthermore, the growing demand for property and cyber insurance will enhance market penetration in the coming years. However, the expected reciprocal tariff from the US will change the dynamics and is expected to emerge as a threat to insurers’ profitability.”

    MIL OSI Global Banks

  • MIL-OSI Banking: Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

    Source: GlobalData

    Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData

    Posted in Oil & Gas

    US tariffs and energy security are expected to remain the focal points for oil and gas trade in 2025. Tariff-induced trade tensions might exert downward pressure on the US and global economy in the near term, potentially affecting the energy demand. It is therefore important for the industry to assess the impact of macroeconomic themes of tariffs, along with geopolitics, and supply chain while charting out its growth plans, says GlobalData, a leading data and analytics company.

    GlobalData’s thematic report, “Top 20 Oil & Gas Themes – 2025,” identifies the top 20 themes that will impact the oil and gas industry in 2025. Besides macro themes, the ones enabling the transition towards clean energy, such as renewables, low-carbon hydrogen, carbon capture and storage (CCS), and electric vehicles (EV) are expected to have a potential impact on oil and gas operations in 2025 and beyond.

    Ravindra Puranik, Oil and Gas Analyst at GlobalData, comments: “The US government initially imposed hefty import tariffs on most countries in line with their respective trade deficits, which were later normalized at 10% for a period of 90 days. As a result, the global economic forecast is clouded by the frequent changes in the US tariffs and the prospect of retaliatory rate increases from affected trading partners, especially China.”

    The industry has largely recovered from the geopolitical developments since 2022 that had vastly impacted global supply chains. While the global oil demand is anticipated to grow in 2025, fueled by consistent economic expansion in Asia, the stability of supply hinges on geopolitical risks and the production strategies of OPEC+ nations.

    Puranik adds: “A resolution to the conflict in Ukraine, along with incremental increases in OPEC+ output post-April 2025, could ensure adequate market supply, even in the face of stringent US sanctions on Iran and Venezuela.”

    Traditional oil and gas themes, namely LNG, shale, and integrated refineries will continue to enable companies to remain competitive in the energy market. The report also features disruptive tech themes, such as artificial intelligence (AI), blockchain, cloud computing, cybersecurity, the Internet of Things (IoT), and robotics.

    Puranik concludes: “GlobalData research shows that companies who invest in the right themes become success stories; those who miss the big themes ultimately fail. Given that so many themes are disruptive, it is very easy to be blindsided by industry outsiders invading the sector. In this scenario it is important to understand the biggest themes in the industry and the how they could help companies thrive in the rapidly changing energy dynamics.”

    MIL OSI Global Banks

  • MIL-OSI Banking: Top EMEA banks see revenue surge in 2024 despite rate cuts and turmoil, finds GlobalData

    Source: GlobalData

    The top 20 Europe, Middle East, and Africa (EMEA) banks saw a healthy 14% increase in combined revenue from $1.4 trillion in 2023 to $1.6 trillion in 2024, despite a challenging macroeconomic landscape defined by geopolitical friction, rate normalization, and tariff uncertainties, reveals GlobalData, a leading data and analytics company.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “European central banks implemented multiple rate cuts throughout 2024, reversing the aggressive hiking cycle of previous years. This easing supported lending growth, improved credit demand, and stimulated consumer and business activity. However, declining interest margins also pressured net interest income, forcing banks to rely more heavily on fee income and trading operations.”

    Ranked by revenue, HSBC Holdings led the EMEA region with $157.8 billion, followed closely by BNP Paribas ($148.6 billion) and Banco Santander ($147.2 billion). These institutions capitalized on diversified international exposure and stable credit portfolios in a year marked by both opportunities and headwinds.

    Notably, revenue growth across the board was largely positive, with all 20 banks reporting year-over-year (YoY) gains. Russia’s Sberbank Rossii and VTB Bank recorded the highest revenue growth rates at 54.0% and 48.4%, respectively. These gains likely reflect ruble depreciation effects, domestic market dominance, and a pivot toward internal financial resilience amid ongoing Western sanctions.

    Southern European banks also delivered strong results. BBVA posted a 30.3% increase in revenue, driven by robust lending activity in Latin American markets and digital transformation initiatives. Spain’s Banco Santander reported a 6.8% revenue growth and a 13.6% rise in net income, showcasing stable margins and improving

    Among French institutions, Societe Generale stood out with a 68.5% surge in net income, despite moderate revenue growth of 10.6%. The recovery in profitability is attributed to a successful cost-reduction program and a rebalancing of risk-weighted assets. Credit Agricole and BNP Paribas also performed well, underpinned by strong corporate banking and wealth management divisions.

    In the UK, HSBC and Barclays continued to benefit from diversified global operations. HSBC saw a modest 1.9% increase in net income on a 6.7% revenue gain, reflecting stable interest income and expanding operations in Asia. Barclays’ 12.0% revenue growth and 23.3% net income jump reflect efficiency gains and rising fee-based income.

    Conversely, UBS Group AG posted the sharpest decline in net income, down 81.4% despite a strong 22.3% rise in revenue. This anomaly is likely linked to the integration of Credit Suisse, involving one-time restructuring costs and asset impairments.

    German and Dutch banks experienced moderate top-line growth but faced downward pressure on earnings. Deutsche Bank’s net income fell by 29.4% despite a 12.0% revenue increase, potentially due to elevated risk provisions and a cautious lending stance amid economic uncertainty.

    Grandhi concludes: “Looking ahead, EMEA banks face a challenging 2025. The escalating tariff war between major economies, combined with continued geopolitical tensions in Eastern Europe and the Middle East, is expected to create volatility in capital markets and cross-border trade.

    “Rising operational costs, currency fluctuations, and potential regulatory shifts may compress margins. However, banks with strong digital infrastructure, diversified geographical exposure, and robust capital buffers—such as HSBC, Santander, and BNP Paribas—are better positioned to absorb shocks.

    “While revenue momentum is likely to continue in the short term, profitability may come under strain. Institutions will need to prioritize operational efficiency, credit risk management, and strategic realignment to navigate an increasingly fragmented global financial landscape.”

    MIL OSI Global Banks

  • Indian stock markets close higher; defence sector maintains momentum

    Source: Government of India

    Source: Government of India (4)

    Indian equity markets ended Wednesday’s session on a positive note, driven by gains in metal, real estate, and technology stocks.

    Among the standout performers was the domestic defence sector, which continued its upward trajectory for the third consecutive session. The sector attracted steady buying interest, reflecting sustained investor confidence.

    Despite intra-day volatility, overall market sentiment remained optimistic, helping benchmark indices close in the green.

    At the close, the BSE Sensex rose 182 points, or 0.22 per cent, to settle at 81,330.56, while the NSE Nifty gained 88 points, or 0.36 per cent, to end at 24,666.

    According to analysts, key option data for the Nifty indicates major resistance at 25,000 and 25,500 call levels, with strong support around the 24,000 and 24,500 put levels. The put-call ratio (PCR) stood at 0.72, signaling a mildly bearish bias, noted Sundar Kewat of Ashika Institutional Equity.

    On the 30-share Sensex, Tata Steel emerged as the top gainer, climbing 3.88 per cent. It was followed by Eternal (2.18 per cent), Tech Mahindra (2.02 per cent), and Maruti Suzuki India (1.66 per cent).

    In contrast, Asian Paints was the biggest laggard, slipping 1.78 per cent to close at ₹2,283.65. Other notable losers included Tata Motors (down 1.26 per cent) and Kotak Mahindra Bank (down 1.11 per cent).

    Broader markets outperformed the frontline indices. The Nifty Midcap 100 rose 1.13 per cent, while the Nifty Smallcap 100 advanced 1.36 per cent, highlighting strong interest in mid- and small-cap stocks.

    Investor confidence was further buoyed by the latest retail inflation data, which showed price growth in April easing to its slowest pace in over six years. The decline, mainly due to lower food prices, has strengthened expectations of a potential rate cut by the Reserve Bank of India.

    Global cues also contributed to the upbeat mood, as softer-than-expected U.S. inflation data eased concerns over monetary tightening and raised hopes that the Federal Reserve may adopt a more accommodative stance.

    “The retreat in crude oil prices and the softening of the U.S. dollar served as additional tailwinds, lending support to the rupee during intra-day trading,” said Dilip Parmar of HDFC Securities.

    With both domestic and global factors currently favoring the market, analysts expect investor sentiment to remain constructive in the near term.

    —IANS

  • MIL-OSI: American Rebel Beer Announces Sponsorship of Losers Bar & Grill Midtown Legendary Parking Lot Concert Series

    Source: GlobeNewswire (MIL-OSI)

    Surprise Guests Morgan Wallen, Gabby Barrett and Jamey Johnson Join Ernest, Chandler Walters, Cody Lohden, and Rhys Rutherford for First 2025 Concert

    Nashville, TN, May 14, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Light Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), announces that American Rebel Light Beer will sponsor the 2025 Losers Bar & Grill (“Losers”) Parking Lot Concert Series and the amazing first concert held Tuesday, May 12, featured surprise guest and country music superstar Morgan Wallen, (morganwallen.com), Gabby Barrett (gabbybarrett.com), and Jamey Johnson (jameyjohnson.com) along with Ernest (ernestofficial.com), Chandler Walters (Instagram.com/chandlerwaltersmusic), Cody Lohden (Instagram.com/codylohden/) and Rhys Rutherford (Instagram.com/rhys_rutherford_/).

    As Losers likes to say, “you never know who might show up to a parking lot party,” and this statement was proven true when Morgan Wallen surprised the huge crowd and appeared on stage with Ernest to sing their hit duet “Flower Shops.” Ten-time Grammy nominated singer-songwriter Jamey Johnson and top female artist and actress Gabby Barrett also joined Ernest on stage.

    “I’ve been coming to Losers for 16 years,” said American Rebel CEO Andy Ross. “I’ve watched Steve Ford grow Losers Midtown into the iconic place where artists, industry and locals like to hang their hat. The Parking Lot Concert Series grew out of those roots and fans get treated to amazing music and surprise guests during these incredible intimate concerts. American Rebel Light Beer is honored to be involved with Steve Ford and the entire Losers team to sponsor the 2025 Parking Lot Concert Series as well as the Raised Rowdy Round and Riley Green’s Duck Blind podcasts. In addition to Losers Midtown, Losers also has a downtown Nashville location, a bar in the MGM Grand in Las Vegas and a bar in Belize. It’s incredible what Steve is doing.”

    Losers Parking Lot Concerts are announced on the Losers Instagram page (Instagram.com/losersoriginal/).

    The American Rebel Light Beer sponsorship of the Losers Bar & Grill Parking Lot Concert Series features American Rebel Light Beer signage throughout the concert area and bar and servers proudly wearing official American Rebel merchandise. American Rebel Light is also sponsoring the Raised Rowdy (Instagram.com/raisedrowdy/) songwriter rounds at Riley Green’s Duck Blind, as well as Riley Green’s Duck Blind (Instagram.com/duckblindnash/) podcasts. American Rebel Light Beer is very proud to highlight its Nashville foundation through its sponsorship of the iconic Losers Midtown Parking Lot Concert Series, the Raised Rowdy Rounds and the Riley Green Duck Blind podcast.

    About American Rebel Light:

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

    Since its launch in September 2024, American Rebel Light Beer has rolled out in Tennessee, Connecticut, Kansas, Kentucky, Ohio, Iowa, Missouri, North Carolina, Florida and Indiana and is adding new distributors and territories regularly. For more information about the launch events and the availability of American Rebel Beer, please visit americanrebelbeer.com or Instagram.com/americanrebelbeer/.

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

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

    About Losers Midtown

    Dive bars are an American tradition. For better or worse, every town has at least one and Nashville’s is Losers Midtown powered by Riley Green’s Duck Blind. Spend the evening with the who’s who of Nashville’s music industry at an intimate, no-frills venue for live music, serving classic bar eats and a variety of beers on tap. You must be 21 years of age or older to enter. You never know who you might run into… This Life Ain’t For Everybody! For more information on Losers Midtown go to losersmidtown.com.

    About American Rebel Holdings, Inc.

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

    American Rebel Holdings, Inc.
    info@americanrebel.com

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

    Forward-Looking Statements

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

    Company Contact:
    tporter@americanrebelbeer.com
    info@americanrebel.com

    Media Contact:
    Matt Sheldon
    Matt@PrecisionPR.co

    For more details on American Rebel Light Beer and upcoming events, visit AmericanRebelBeer.com or follow @AmericanRebelBeer on social media.

    Attachment

    The MIL Network

  • MIL-OSI: Himax and Vuzix to Showcase Integrated Industry-Ready AR Display Module at Display Week 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan and ROCHESTER, N.Y., May 14, 2025 (GLOBE NEWSWIRE) — Vuzix® Corporation (Nasdaq: VUZI), (“Vuzix”), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies and Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the joint debut of a next-generation AR optical module at Display Week 2025, one of the premier symposiums and exhibitions in the display industry and taking place May 11–16, 2025 in San Jose, California. The demonstration features Himax’s latest ultra-luminous, miniature Dual-Edge Front-lit LCoS microdisplay seamlessly integrated with Vuzix’ production-ready waveguides. Together, the technologies form a fully integrated module that delivers breakthrough brightness and power efficiency in an unparalleled compact design, enabling sleek, lightweight AR glasses for both enterprise and consumer applications. This co-design initiative, scheduled for commercial release at the end of 2025, focuses on optimizing optical performance to deliver industry-leading visual quality.

    Himax’s innovative and proprietary Dual-Edge Front-lit LCoS microdisplay sets a new industry benchmark with a volume of just 0.09 c.c., weighing less than 0.2 grams, yet capable of delivering 1 lumen of output and up to 350,000 nits of luminance, all while consuming no more than 250mW total power consumption. This ensures exceptional eye-level visibility across diverse lighting environments.

    Vuzix’ mass production waveguides elevate the optical experience with a slim 0.7 mm thickness, industry-leading lightweight, less than 5 grams, minimal discreet eye glow below 5%, and a 30-degree diagonal field of view (FOV). Fully customizable and integration-ready for next-generation AR devices, these waveguides support prescription lenses, offer both plastic-substrate and higher-refractive-index options, and are engineered for cost-effective large-scale deployment.

    “This demonstration showcases a commercially viable integration of Himax’s high-performance color LCoS microdisplay with Vuzix’ advanced waveguides, an industry-leading solution engineered for scale,” said Paul Travers, CEO of Vuzix. “Our waveguides are optically superior, customizable, and production-ready. Together, we’re helping accelerate the adoption of next-generation AR wearables.”

    “We are proud to work alongside Vuzix to bring this industry-ready solution to market,” said Simon Fan-Chiang, Senior Director at Himax. “Our latest LCoS innovation redefines what’s possible in size, brightness, and power efficiency paving the way for next generation AR devices. By pairing with Vuzix’ world-class waveguides, we are enabling AR devices that are immersive, comfortable and truly wearable.”

    Himax and Vuzix invite all interested parties to stop by at Booth #1711 at Display Week 2025 to experience the demo and learn more about this exciting joint solution.

    About Vuzix Corporation

    Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company’s products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 425 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages.

    www.vuzix.com

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEyeTM Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Vuzix Contact:
    Ed McGregor, Director of Investor Relations
    Vuzix Corporation
    Tel: (585) 359-5985
    Email: IR@vuzix.com
    www.vuzix.com

    Himax Contacts:
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    www.mzgroup.us

    The MIL Network

  • MIL-OSI Europe: ASIA/MYANMAR – The Burmese people hope for Pope Leo’s support and ask for help after the earthquake

    Source: Agenzia Fides – MIL OSI

    Archdiocese of Mandalay

    Mandalay (Agenzia Fides) – “Now we must rebuild hope in our communities, already affected by war and hardship. We renew an urgent appeal: help us rebuild our ecclesial communities in Mandalay,” Father Peter Kyi Maung, Vicar General of the Archdiocese of Mandalay, which was hit by the devastating earthquake on March 28, told Fides. Meanwhile, in the Diocese of Mandalay, the Emergency Rescue Team has been on site assessing the severely damaged church buildings and pastoral structures. “These sacred places, where we gather for worship, prayer, and mutual support, now urgently need to be repaired and restored. We appeal to our great family of faith, asking for your generous support,” the Emergency Rescue Team wrote in a statement. The need is to repair damaged church structures, restore community centers and catechism rooms, and create safe structures for liturgy and parish meetings. “In this way,” explains Fr. Peter Kyi Maung, “we will be able to resume the spiritual and communal life of the people of God. We are called to help communities flourish anew in faith and resilience,” he notes. “For so many suffering people, we are instruments of God’s mercy and compassion in this time of trial. Therefore, we ask for the support of the faithful everywhere,” he says. Although they are in a time of crisis and serious difficulties, Burmese Catholics also rejoice at the election of Pope Leo XIV.In a congratulatory message on the inauguration of the Petrine ministry, Archbishop Marco Tin Win Mandalay asks Pope Leo “to support peace for Myanmar.” “Many non-Catholics, Buddhists, Muslims, and Protestants followed the Pope’s election with great interest. This was a moment of witness and evangelization for us,” said the archbishop. Burmese Cardinal Charles Maung Bo, Archbishop of Yangon, who was present at the Conclave, reaffirmed everyone’s hopes: He sent photos of himself accompanied by Pope Leo to the faithful and told them: “I asked him not to forget us and expressed the hope that he would visit Myanmar soon.” Burmese Dominican Father Paul Aung Myint told Fides: “We are certain that Pope Leo will pay attention to the conflicts of the forgotten, the suffering of the poor, the marginalized, and the many refugees in Myanmar and other parts of the world: we know he will be a voice for the voiceless.”Joseph Kung, a Catholic from Yangon, emphasizes: “We do not yet know the new Pope Leo well, but we know that he has gained important missionary experience. We therefore believe that he will be deeply concerned with all the mission countries in the Global South. Furthermore, he is polyglot, and his knowledge of English will facilitate communication with many realities in Asia, certainly also with the bishops and faithful in Myanmar.” (PA) (Agenzia Fides, 14/5/2025)
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    MIL OSI Europe News

  • MIL-OSI Global: Challenges to high-performance computing threaten US innovation

    Source: The Conversation – USA – By Jack Dongarra, Emeritus Professor of Computer Science, University of Tennessee

    Oak Ridge National Laboratory’s Frontier supercomputer is one of the world’s fastest. Oak Ridge Leadership Computing Facility, CC BY

    High-performance computing, or HPC for short, might sound like something only scientists use in secret labs, but it’s actually one of the most important technologies in the world today. From predicting the weather to finding new medicines and even training artificial intelligence, high-performance computing systems help solve problems that are too hard or too big for regular computers.

    This technology has helped make huge discoveries in science and engineering over the past 40 years. But now, high-performance computing is at a turning point, and the choices the government, researchers and the technology industry make today could affect the future of innovation, national security and global leadership.

    High-performance computing systems are basically superpowerful computers made up of thousands or even millions of processors working together at the same time. They also use advanced memory and storage systems to move and save huge amounts of data quickly.

    With all this power, high-performance computing systems can run extremely detailed simulations and calculations. For example, they can simulate how a new drug interacts with the human body, or how a hurricane might move across the ocean. They’re also used in fields such as automotive design, energy production and space exploration.

    Lately, high-performance computing has become even more important because of artificial intelligence. AI models, especially the ones used for things such as voice recognition and self-driving cars, require enormous amounts of computing power to train. High-performance computing systems are well suited for this job. As a result, AI and high-performance computing are now working closely together, pushing each other forward.

    Lawrence Livermore National Laboratory’s supercomputer El Capitan is currently the world’s fastest.

    I’m a computer scientist with a long career working in high-performance computing. I’ve observed that high-performance computing systems are under more pressure than ever, with higher demands on the systems for speed, data and energy. At the same time, I see that high-performance computing faces some serious technical problems.

    Technical challenges

    One big challenge for high-performance computing is the gap between how fast processors are and how well memory systems can keep up with the processors’ output. Imagine having a superfast car but being stuck in traffic – it doesn’t help to have speed if the road can’t handle it. In the same way, high-performance computing processors often have to wait around because memory systems can’t send data quickly enough. This makes the whole system less efficient.

    Another problem is energy use. Today’s supercomputers use a huge amount of electricity, sometimes as much as a small town. That’s expensive and not very good for the environment. In the past, as computer parts got smaller, they also used less power. But that trend, called Dennard scaling, stopped in the mid-2000s. Now, making computers more powerful usually means they use more energy too. To fix this, researchers are looking for new ways to design both the hardware and the software of high-performance computing systems.

    There’s also a problem with the kinds of chips being made. The chip industry is mainly focused on AI, which works fine with lower-precision math like 16-bit or 8-bit numbers. But many scientific applications still need 64-bit precision to be accurate. The greater the bit count, the more digits to the right of the decimal point a chip can process, hence the greater precision. If chip companies stop making the parts that scientists need, then it could become harder to do important research.

    This report discusses how trends in semiconductor manufacturing and commercial priorities may diverge from the needs of the scientific computing community, and how a lack of tailored hardware could hinder progress in research.

    One solution might be to build custom chips for high-performance computing, but that’s expensive and complicated. Still, researchers are exploring new designs, including chiplets – small chips that can be combined like Lego bricks – to make high-precision processors more affordable.

    A global race

    Globally, many countries are investing heavily in high-performance computing. Europe has the EuroHPC program, which is building supercomputers in places such as Finland and Italy. Their goal is to reduce dependence on foreign technology and take the lead in areas such as climate modeling and personalized medicine. Japan built the Fugaku supercomputer, which supports both academic research and industrial work. China has also made major advances, using homegrown technology to build some of the world’s fastest computers. All of these countries’ governments understand that high-performance computing is key to their national security, economic strength and scientific leadership.

    The U.S.-China supercomputer rivalry explained.

    The United States, which has been a leader in high-performance computing for decades, recently completed the Department of Energy’s Exascale Computing Project. This project created computers that can perform a billion billion operations per second. That’s an incredible achievement. But even with that success, the U.S. still doesn’t have a clear, long-term plan for what comes next. Other countries are moving quickly, and without a national strategy, the U.S. risks falling behind.

    I believe that a U.S. national strategy should include funding new machines and training for people to use them. It would also include partnerships with universities, national labs and private companies. Most importantly, the plan would focus not just on hardware but also on the software and algorithms that make high-performance computing useful.

    Hopeful signs

    One exciting area for the future is quantum computing. This is a completely new way of doing computation based on the laws of physics at the atomic level. Quantum computers could someday solve problems that are impossible for regular computers. But they are still in the early stages and are likely to complement rather than replace traditional high-performance computing systems. That’s why it’s important to keep investing in both kinds of computing.

    The good news is that some steps have already been taken. The CHIPS and Science Act, passed in 2022, provides funding to expand chip manufacturing in the U.S. It also created an office to help turn scientific research into real-world products. The task force Vision for American Science and Technology, launched on Feb. 25, 2025, and led by American Association for the Advancement of Science CEO Sudip Parikh, aims to marshal nonprofits, academia and industry to help guide the government’s decisions. Private companies are also spending billions of dollars on data centers and AI infrastructure.

    All of these are positive signs, but they don’t fully solve the problem of how to support high-performance computing in the long run. In addition to short-term funding and infrastructure investments, this means:

    • Long-term federal investment in high-performance computing R&D, including advanced hardware, software and energy-efficient architectures.
    • Procurement and deployment of leadership-class computing systems at national labs and universities.
    • Workforce development, including training in parallel programming, numerical methods and AI-HPC integration.
    • Hardware road map alignment, ensuring commercial chip development remains compatible with the needs of scientific and engineering applications.
    • Sustainable funding models that prevent boom-and-bust cycles tied to one-off milestones or geopolitical urgency.
    • Public-private collaboration to bridge gaps between academic research, industry innovation and national security needs.

    High-performance computing is more than just fast computers. It’s the foundation of scientific discovery, economic growth and national security. With other countries pushing forward, the U.S. is under pressure to come up with a clear, coordinated plan. That means investing in new hardware, developing smarter software, training a skilled workforce and building partnerships between government, industry and academia. If the U.S. does that, the country can make sure high-performance computing continues to power innovation for decades to come.

    Jack Dongarra receives funding from the NSF and the DOE.

    ref. Challenges to high-performance computing threaten US innovation – https://theconversation.com/challenges-to-high-performance-computing-threaten-us-innovation-255188

    MIL OSI – Global Reports

  • Trump says he’s still open to attending talks on Ukraine, unsure about Putin

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump on Wednesday said he was still considering whether to attend talks on the war in Ukraine planned for Thursday in Turkey but he does not know whether Russian President Vladimir Putin will go.

    “He’d like me to be there, and that’s a possibility. … I don’t know that he would be there if I’m not there. We’re going to find out,” Trump told reporters aboard Air Force One en route to Qatar.

    He has said he may visit Turkey for the talks as part of his trip to the Middle East this week. U.S. President Donald Trump on Wednesday said he was still considering whether to attend talks on the war in Ukraine planned for Thursday in Turkey but he does not know whether Russian President Vladimir Putin will go.

    “He’d like me to be there, and that’s a possibility. … I don’t know that he would be there if I’m not there. We’re going to find out,” Trump said while traveling aboard Air Force One en route to Qatar.

    Trump has said he may visit Turkey for the talks as part of his trip to the Middle East this week. He cited his next stop to the United Arab Emirates on Thursday.

    “We have a very full situation. Now that doesn’t mean I wouldn’t do it to save a lot of lives and come back,” Trump said, according to a pool report from the Washington Post. Trump noted that U.S. Secretary of State Marco Rubio would be at Thursday’s talks in Istanbul.

    Ukrainian President Volodymyr Zelenskiy on Tuesday said he would only attend if Putin was also there.

    On Wednesday, the Kremlin said it would send a delegation to Istanbul but did not say who would be representing Moscow.

    (Reuters)

  • Operation Sindoor important example of India’s identity: Union Minister Ashwini Vaishnaw

    Source: Government of India

    Source: Government of India (4)

    Union Minister Ashwini Vaishnaw on Wednesday described Operation Sindoor as a defining expression of India’s national identity and a testament to the strength of the armed forces under Prime Minister Narendra Modi’s leadership.
     
    Speaking to the media, Vaishnaw said the military response following the Pahalgam terror attack on April 22 not only showcases India’s strategic capabilities but also reflects the new defence doctrine shaped by the Centre’s firm approach.
     
    “Operation Sindoor is a powerful example of India’s ‘asmita’ (identity), the decisive role of our armed forces, and the strong leadership guiding them. It represents the new doctrine we have adopted and is a praiseworthy development for the country,” he said.
     
    The Union Minister was addressing the press following the Union Cabinet’s approval for setting up India’s sixth semiconductor manufacturing facility, a joint venture between HCL and Foxconn, in Jewar, Uttar Pradesh. The facility, to be located near the upcoming Jewar airport within the Yamuna Expressway Industrial Development Authority (YEIDA), will commence production in 2027.
     
    With an investment of ₹3,700 crore, the plant will have a capacity to process 20,000 wafers per month and manufacture 36 million chips monthly. These chips will cater to sectors including mobile phones, laptops, automobiles, and personal computers.
     
    The semiconductor industry in India remains at a nascent stage, but the initiative is expected to enhance self-reliance and address vulnerabilities exposed during the global chip shortage amid the COVID-19 pandemic. Five other semiconductor plants are currently under construction in Gujarat and Assam.
     
     
    (ANI)
  • MIL-OSI Asia-Pac: Intangible heritage field trips set

    Source: Hong Kong Information Services

    The Leisure & Cultural Services Department’s ICH (Intangible Cultural Heritage) Highlight Tours, which brings the public to explore ICH-related traditional craftsmanship or other items, and feel the richness and diversity of ICH will open for registration on May 16.

    As the highlight programme of the first Hong Kong ICH Month in June, there will be a total of 15 field trips to Yau Tsim Mong, Tsuen Wan, Tai Po, Sha Tin, Eastern and Islands districts respectively.

    Each tour of 20 participants will be conducted in Cantonese and run for approximately two hours. 

    Interested parties can register online from 10.30am on May 16 to 6.30pm on May 17. Admission is free. In case of excess applications, all quotas will be allocated by ballot.

    Successful applicants will receive a confirmation email by May 23.

    Presented by the Culture, Sports & Tourism Bureau and organised by the department’s Intangible Cultural Heritage Office, Hong Kong ICH Month’s other highlight activities include carnivals, fun days, an exhibition, a seminar, talks and workshops.

    Click here for details.

    MIL OSI Asia Pacific News

  • MIL-OSI United Nations: 14 May 2025 The journey of Muthuramalingam: a life devoted to restoring sight in India

    Source: World Health Organisation

    “I thought I’d just end up as a postmaster in my hometown,” says Muthuramalingam with a soft chuckle. “But life had other plans”. 

    It all began at a Lions Club eye camp, where Muthuramalingam got involved in helping as a volunteer. He had no medical training, only a strong desire to help..  His dedication caught the attention of visiting doctors and trainers who saw potential in him. Encouraged by their support, he began learning about eye care and refraction—planting the seeds of what would become his life’s mission. 

    That  decision changed his life and brought hope to countless others. Armed with simple tools and a firm resolve, Muthuramalingam rode his bicycle from one village to another,  transforming school verandas and shaded spots beneath trees into makeshift clinics. His goal was clear: to  restore sight to those overlooked by regular healthcare. 

    “Eye care is not just treating vision,” he says. “It is giving people a whole new life.” 

    Over  the years, he witnessed  community eye care evolve – from humble beginnings with basic tools to well-equipped camps with trained teams and  modern facilities. Still, the heart of the work stayed focused on reaching  people who needed help the most.

    One of Muthuramalingam’s most cherished memeories comes from a school screening in Melur, a town near Madurai. There, he met  a 12-year-old boy who  struggled  in school and  appeared withdrawn. The reason:  a severe refractive error. “Once he started wearing eyeglasses, he became one of the best students in his class,” Muthuramalingam  recalls with pride in his voice. “That single pair of eyeglasses completely changed his path in life.” 

    Muthuramalingam estimates that over his decades-long  career, he has screened and treated tens of thousands across Tamil Nadu. From  Madurai to Salem, Erode to Coimbatore, he has travelled tirelessly, village by village, ensuring that no one is left in the dark.   

    The journey has not been easy – marked by cultural barriers, grueling travel , and constant exhaustion . Yet, the community trust and the visible impact keep him going. “Back then, we handled everything—planning, counseling, and eye exams. Now there’s support , but the mission  remains the same,” he says. 

    Muthuramalingam still organizes school screenings and guides families through care. What motivates him to keep going? “A child smiling after seeing for the first time. That’s all I need,” he says. 

    As India grapples with rising  preventable vision problems, his journey highlights the crucial role of  grassroots health workers . “We can’t sit back and wait for people to come to the hospitals,” he explains. “We have to reach  them. That’s how we build stronger, healthier communities .” 

     In a time  when most step back from work, Muthuramalingam refuses to slow down. “The body might feel its age,” he says, “but the spirit should never get tired.” 

     

     

    Photo credits: Aravind Eye Foundation

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    MIL OSI United Nations News