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Category: Asia

  • MIL-OSI: CURRENC’s SEAMLESS AI Lab Unveils “AI Staff for Hire” Platform

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced the launch of “AI Staff for Hire,” an AI solution developed by the Company’s SEAMLESS AI Lab, offering pre-built, AI-powered Agents tailored to specific business scenarios. With AI-driven automation poised to reshape industries globally, this innovative product positions CURRENC at the forefront of a rapidly expanding market for AI-powered workforce solutions.

    Designed to meet the needs of enterprises across the finance industry, “AI Staff for Hire” automates critical functions such as customer support, debt collection, KYC, compliance, and HR management, empowering businesses to expand their operations without expanding their workforce. Platform users can select from a range of specialized AI Agents for specific tasks, including Internal Trainers, General Managers, KYC Officers, and Customer-Facing Sales Representatives. This flexibility, combined with cost-effective pricing models, allows businesses to scale operations, streamline workflows, and enhance service quality, while also benefiting from 24/7, multi-lingual support to improve global competitiveness.

    Equipped with advanced material digestion, system integration, and key information extraction functionalities, “AI Staff for Hire” Agents provide real-time insights into customer interactions, boosting engagement and enabling more effective lead generation and marketing strategies. They can also improve data accuracy, generate detailed reports, and monitor for critical issues, offering businesses proactive relationship management tools. Internally, CURRENC’s AI Agents can be customized to train staff in customer service, operations, compliance, finance, and IT, and deliver comprehensive reporting, performance scoring and improvement suggestions.

    “‘AI Staff for Hire’ represents a major step forward in CURRENC’s mission to transform global financial services with AI,” said Alex Kong, Founder and Executive Chairman of CURRENC. “Our innovative, cost-effective AI Agents integrate seamlessly into business environments worldwide, enabling enterprises of all sizes and budgets to quickly and efficiently scale their operations while adapting to the demands of the digital economy. Building on the success of our SEAMLESS AI Call Centre Solutions, “AI Staff for Hire” will expand the boundaries of AI application across banking, insurance, human resources, and other sectors. As the market for AI-powered solutions grows, CURRENC remains committed to propelling AI development that will redefine the future of the global financial industry.”

    “AI Staff for Hire” is a key element in CURRENC’s comprehensive AI offering. Other key functions of our AI offering include app development, AI call centre capabilities, AI HR modules, and trading platforms specifically designed for smaller or newly established financial institutions such as eWallets, and banks. With CURRENC’s AI-powered tools, these organizations, often operating in regions with limited technological support, can rapidly launch sophisticated financial services without incurring heavy capex. As its AI offerings gain traction, CURRENC anticipates onboarding new clients in markets such as Oman, Pakistan, Egypt, Indonesia, India, and South America, bridging the digital divide and empowering local fintech ecosystems. Moreover, as CURRENC recruits new clients, there is a great opportunity for cross selling CURRENC’s digital remittance services and global airtime transfer services to the new clients, which could generate significant business synergy between the AI offerings and CURRENC’s existing businesses.

    The future of work is rapidly shifting toward AI Agents and digital clones. McKinsey analysts predict that AI-driven staff could handle up to 70% of white-collar tasks by 2030. Entrepreneurs and small enterprises may evolve into “One-Person Unicorn Companies,” leveraging AI staff to manage entire operations. As the AI-powered agents market is estimated to exceed $4.71 billion in value by 2030, according to MarketsandMarkets, businesses adopting AI workforce solutions today will gain critical competitive advantages.

    About CURRENC Group Inc.
    CURRENC Group Inc. (Nasdaq: CURR) is a fintech pioneer dedicated to transforming global financial services through artificial intelligence (AI). The Company empowers financial institutions worldwide with comprehensive AI solutions, including SEAMLESS AI Call Centre and other AI-powered Agents designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies and other financial institutions. The Company’s digital remittance platform also enables e-wallets, remittance companies, and corporations to provide real-time, 24/7 global payment services, advancing financial access across underserved communities.

    Safe Harbor Statement
    This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any duty to update such information, except as required under applicable law.

    Investor & Media Contact
    CURRENC Group Investor Relations
    Email: investors@currencgroup.com

    The MIL Network –

  • MIL-OSI: Global Radiotherapy Market Expected to Reach $9.62 Billion By 2030 Realizing Growth Due to Technological Advancements

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts see the global radiotherapy market continuing to grow in the years to come. A recent report from MarketsAndMarkets said that the global radiotherapy market, which was valued at US$6.23 billion in 2022, grew at a robust CAGR of 4.9%, and reached US$7.21 billion in 2024 and is expected to reach an impressive US$9.62 billion by 2030. It said: “During the forecast years, the growth of the market is attributed to the focus on advancements in radiotherapy treatment technology growing patient population, increasing initiatives to promote radiotherapy awareness. Increasing use of particle therapy for cancer treatment among market players are also expected to support the growth of this market during the forecast period.” The report continued: “Technological advancements in radiotherapy methods, increasing cases of cancers, and the growing demand for radiotherapy services are areas of opportunity in this market. Market growth in North America is attributed to the favorable reimbursement scenario and the presence of key market players in the region. Emerging markets such as China, India are offering high growth opportunities for players operating in this market. Radiotherapy is a complex process that involves understanding the principles of medical physics, dosimetry, radiotherapy planning radiobiology, delivery and interaction of radiation therapy with other treatment modalities and the radiation safety.”   Active biotech and pharma companies in the markets this week include Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM), Bristol Myers Squibb (NYSE: BMY), Eli Lilly and Company’s (NYSE: LLY), Novartis AG (NYSE: NVS), AstraZeneca PLC (NASDAQ: AZN).

    MarketsAndMarkets continued: “The development of advanced radiotherapy technologies has, in turn, resulted in an increased complexity of operations. Also, a high level of accuracy is needed at every step of the process to achieve maximum tumor control with minimal risk to normal tissue. The ecosystem market map of the overall radiotherapy market comprises the elements present in this market and defines these elements with a demonstration of the bodies involved. Ecosystem analysis elucidates the interdependencies among various components in the radiotherapy market. At the forefront, product, technology, and the application of radiotherapy analyzers serve as the cornerstones, facilitating consumables used in analysis.”

    Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) Announces Supply Agreement with Eckert & Ziegler for Ac-225 Radioisotope to Support Comprehensive Development Activities – Actinium Pharmaceuticals, Inc. (Actinium or the Company), a pioneer in the development of targeted radiotherapies, recently announced it has entered into an agreement for the supply of Actinium-225 (Ac-225) with Eckert & Ziegler. Under this agreement, Actinium Pharmaceuticals will have access to Eckert & Ziegler’s high-quality Actinium-225 to further develop its lead product Actimab-A as well as additional early and late-stage development candidates for both U.S. and international clinical trials.

    Targeted radiotherapies using Ac-225 have shown great promise in the treatment of cancer. The radioisotope releases powerful alpha particles with high energy and low penetration depth, enabling precise targeting of tumor cells, including hard-to-reach micrometastases, while minimizing effects on surrounding healthy tissue. Actimab-A is an Ac-225 based radiotherapy agent, directed against CD33, a receptor overexpressed in patients with acute myeloid leukemia (AML) and other myeloid indications.

    Sandesh Seth, Chairman and CEO at Actium Pharmaceuticals, Inc. commented: “We believe that targeted radiation therapy with Actinium-225 is one of the most promising approaches for treating patients with myeloid malignancies and solid tumors. As we have highlighted recently, we are advancing our lead targeted radiotherapy Actimab-A into a pivotal Phase 2/3 trial for patients with relapsed or refractory acute myeloid leukemia and in the frontline setting in a Phase 1 trial under our CRADA with the NCI. Additionally, we have launched our Actimab-A solid tumor program to combine with PD-1 checkpoint inhibitors KEYTRUDA and OPDIVO for patients with head and neck squamous carcinoma and non-small cell lung cancer in multiple trials. As a pioneer in the development of target radiotherapies, we have aggressive plans to expand our clinical pipeline to address indications with high unmet needs. With this supply agreement with Eckert & Ziegler, we will have access to reliable and constant supply of Ac-225 to advance our product development both in the U.S. as well as internationally.”

    “We are happy to contribute to the continuous expansion of indications for Actinium-225, which is significantly being advanced by Actinium Pharmaceuticals,” explained Dr. Harald Hasselmann, CEO of Eckert & Ziegler SE. “The progress we have made in our Ac-225 project over the past year marks only the start of our program to address the global shortage of this vital radionuclide.”

    Eckert & Ziegler reliably supplies high-quality Gallium-68, Lutetium-177, Yttrium-90, and Actinium-225 to leading pharmaceutical companies, and research institutions worldwide. With expertise in radioisotope production and global logistics, the company is committed to continuously support the development and delivery of innovative radiopharmaceuticals. CONTINUED… Read this full press release and more news for Actinium Pharmaceuticals at:   https://ir.actiniumpharma.com/press-releases

    Other recent developments in the biotech industry of note include:

    Bristol Myers Squibb (NYSE: BMY) recently announced that the European Commission (EC) has granted approval to Breyanzi® (lisocabtagene maraleucel; liso-cel), a CD19-directed chimeric antigen receptor (CAR) T cell therapy, for the treatment of adult patients with relapsed or refractory follicular lymphoma (FL) after two or more lines of systemic therapy.

    “This additional approval for Breyanzi in FL represents a critical step forward in our mission to deliver on the transformational promise of cell therapy for more patients across Europe,” said Emma Charles, senior vice president, Europe Region, Bristol Myers Squibb. “While significant advancements have been made in the last two decades, there still remains unmet need for patients. Newer treatments for FL, like Breyanzi, have shown impactful results in clinical trials, with the opportunity to deliver lasting results in the routine care setting.”

    New results show Eli Lilly and Company’s (NYSE: LLY) EBGLYSS achieved deep and sustained response for patients with moderate-to-severe atopic dermatitis (eczema) at three years. These findings from the ADjoin long-term extension study will be presented at the American Academy of Dermatology (AAD) Annual Meeting, taking place March 7-11 in Orlando.

    EBGLYSS is an interleukin-13 (IL-13) inhibitor that selectively blocks IL-13 signaling with high binding affinity. The cytokine IL-13 is a primary cytokine in atopic dermatitis, driving the type-2 inflammatory cycle in the skin, leading to skin barrier dysfunction, itch, skin thickening and infection.

    Novartis AG (NYSE: NVS) recently announced that oral Fabhalta® (iptacopan) has received U.S. Food and Drug Administration (FDA) approval for the treatment of adults with C3 glomerulopathy (C3G), to reduce proteinuria, making it the first and only treatment approved for this condition.

    “C3G is a debilitating disease often affecting young people, impacting many aspects of their physical and emotional health, and our previous treatment options came with significant challenges,” said Carla Nester, M.D., M.S.A., F.A.S.N., Professor of Pediatrics-Nephrology at the University of Iowa and Fabhalta APPEAR-C3G Study Co-Investigator. “This approval of Fabhalta is historic for the entire C3G community as now, for the first time, we have a therapy that is believed to treat the underlying cause of the disease, providing the potential for a new standard of care for patients.”

    AstraZeneca PLC (NASDAQ: AZN) – New study results presented at the European Lung Cancer Congress (ELCC) 2025, March 26 to 29, demonstrate the role of AstraZeneca’s TAGRISSO® (osimertinib), as monotherapy and as the backbone for novel combinations, across stages and settings of epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC). Highlights include:

    Myung-Ju Ahn, MD, PhD, Professor of Hemato-Oncology at the Department of Medicine, Samsung Medical Center, Sungkyunkwan University School of Medicine, Seoul, South Korea, said: “A critical goal in treating every patient with lung cancer is to not only extend a patient’s life but also maintain quality of life while on treatment. The continued overall survival trend seen here at ELCC in the unresectable Stage III setting and the promising data for combinations that can address progression in the advanced setting, together reinforce osimertinib as an effective, safe and convenient treatment for patients with EGFR-mutated lung cancer across stages and lines of treatment.”

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

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

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI United Kingdom: Celebrate VE Day 80 in Plymouth

    Source: City of Plymouth

    Whether you host your own street party, or join us for the festivities on The Hoe, get ready for an unforgettable celebration, as Plymouth marks 80 years since the end of the Second World War in Europe.  

    Join us on Thursday 8 May, on Plymouth Hoe for a day packed with excitement, entertainment, and heartfelt remembrance. Funded by Plymouth City Council, with support from defence company Babcock International Group (Babcock), which owns and operates Devonport Royal Dockyard, VE Day 80 will start at 10.30am with a flag-raising ceremony and a full parade of Standards at the Belvedere, featuring the Royal Navy Guard and ships in the Sound.  

    The festivities will then continue throughout the day with live music on The Hoe, an evening concert, vibrant street party, stalls, and vintage vehicles. With the evening concluding with a Sunset Guard lighting the Plymouth beacon at 8.40pm.  

    Across the country, millions will be dancing, singing, and partying in the streets on Monday 5 May, to celebrate the end of the war. Plymouth City Council is making it easier for local people to join in by suspending road closure fees for street parties. This will hopefully encourage local people to come together with their neighbours to have their own community celebrations. The deadline to apply for a road closure is 11 April.  

    Councillor Sally Haydon, Cabinet Member with responsibility for Events, says: “This will be a fantastic community event to celebrate VE Day 80. It’s a chance for us all to give thanks and remember those who lost their lives during the war, and to reflect on the past.  

    “Plymouth City Council is proud to be organising a day of celebration on The Hoe. And, whilst residents and communities will need to buy their own Victoria sponges, we are happy to wave the cost of road closures, to enable communities to come together to organise their own celebrations.” 

    John Gane, Managing Director of Babcock’s Devonport facility said: “As part of Plymouth’s proud history and an important part of the fabric of the city today, we are pleased to be supporting such a significant event, which provides an excellent opportunity for the local community to come together and mark 80 years since Victory in Europe Day.  Our Armed Forces play an essential role in the defence of our nation and we are proud to continue supporting them as we aim to create a safe and secure world, together. 

    At the event on The Hoe, The Box will also be bringing history to life with amazing archive film clips showing Plymouth during the war years. Watch these fascinating glimpses into the city’s past on the Big Screen, including the King’s secret visit in 1941 and the bomb damage from the Blitz. 

    Brigadier Mike Tanner OBE ADC – Devonport Naval Base Commander, says:  “From a military perspective, I am always in awe of the enormous courage and sacrifice required to achieve that outcome of “Victory in Europe”.  Both those fighting directly and those back here in Plymouth – who kept the Naval Base running, whilst their houses and city were bombed.   

    “Like every service person, I am always proud of my connection to Plymouth.  But as I think of this 80th anniversary I am massively reminded that today we stand on the shoulders of the giants who led before us.” 

    And let’s not forget, the war in the Far East didn’t end until 15 August 1945, when Japan surrendered. On Friday 15 August, the Royal British Legion will lead the nation in honouring and remembering those who fought and died during the War in the Far East with a service marking 80 years since VJ Day (Victory over Japan) at the National Memorial Arboretum. Plymouth will also commemorate this anniversary with a special church service. 

    Dates for the diary  

    Thursday 5 May: Hold your own street party – with the cost of road closures suspended.  Apply here.

    Thursday 8 May: Celebration on Plymouth Hoe  

    • 10.30am: flag raising, standards and ships in the Sound  
    • 11am: live music on The Hoe, street party, stalls, and vintage vehicles  
    • 5.30pm: evening concert  
    • 8.40pm: Sunset Guard lighting the Plymouth beacon  

    Friday 15 August: Special church service to commemorate VJ Day at St Andrews Church. Further details will follow nearer the time.  

    For more information about VE Day 80 in Plymouth, go to: VE Day 80 – Visit Plymouth 

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Lending and Deposit Rates of Scheduled Commercial Banks – March 2025

    Source: Reserve Bank of India

    Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of March 2025 are set out in Tables 1 to 7.

    Highlights:

    Lending Rates:

    • The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.40 per cent in February 2025 (9.32 per cent in January 2025).

    • The WALR on outstanding rupee loans of SCBs declined to 9.80 per cent in February 2025 from 9.87 per cent in January 2025.1

    • 1-Year median Marginal Cost of Funds based Lending Rate (MCLR) of SCBs declined to 9.00 per cent in March 2025 from 9.05 per cent in February 2025.

    • The share of External Benchmark based Lending Rate (EBLR) linked loans in total outstanding floating rate rupee loans of SCBs was 60.6 per cent at end-December 2024 (59.4 per cent at end-September 2024), while that of MCLR linked loans was 35.9 per cent (36.9 per cent at end-September 2024)1.

    Deposit Rates:

    • The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs stood at 6.48 per cent in February 2025 as compared to 6.56 per cent in January 2025.

    • The weighted average domestic term deposit rate (WADTDR) on outstanding rupee term deposits of SCBs remained unchanged at 7.02 per cent in February 2025.1

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2024-2025/2477

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Co-operative Urban Bank Ltd., Paralakhemundi, Odisha

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 13, 2025, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on The Co-operative Urban Bank Ltd., Paralakhemundi, Odisha (the bank) for non-compliance with the certain directions issued by RBI on ‘Exposure Norms and Statutory / Other Restrictions- UCBs’ and ‘Membership of Credit Information Companies (CICs) by Co-operative Banks’.This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949 and Section 25 of the Credit Information Companies (Regulation) Act, 2005.

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

    The bank had:

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

    2. failed to obtain membership of two CICs.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2478

    MIL OSI Economics –

  • MIL-OSI Economics: RBI imposes monetary penalty on The Jalna People’s Cooperative Bank Ltd., Jalna, Maharashtra

    Source: Reserve Bank of India

    The Reserve Bank of India (RBl) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹0.75 lakh (Rupees Seventy Five Thousand only) on The Jalna People’s Cooperative Bank Ltd., Jalna, Maharashtra (the bank) for non-compliance with the RBI Directions on ‘Gold Loan – Bullet Repayment – Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

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

    The bank had sanctioned gold loans under bullet repayment scheme beyond the prescribed regulatory limit.

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

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/2479

    MIL OSI Economics –

  • MIL-OSI: BIO-key Trims 2024 Net Loss 49% to $4.3M, Reflecting Higher Gross Margin and Lower Operating Costs, Offsetting 11% Revenue Decrease Due to Business Transition; Hosts Investor Call Today at 10am ET

    Source: GlobeNewswire (MIL-OSI)

    HOLMDEL, N.J., March 27, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication, announced results for its fourth quarter (Q4’24) and year ended December 31, 2024 (2024). BIO-key’s 2023 results, which were restated and filed with the Company’s 2023 Form 10-K, are reflected in this release for comparison purposes. BIO-key will host an investor call today, Thursday, March 27th at 10:00am ET (details below).

    BIO-key CEO, Mike DePasquale commented, “From a strategic standpoint, we substantially strengthened our business in 2024, growing our high-margin software license fee revenue by 20% while exiting our low margin services relationship with Swivel Secure to focus on BIO-key solutions such as PortalGuard IAM and our Identity-Bound Biometrics. This transition away from Swivel Secure licensed solutions resulted in an 11% decline in 2024 revenue, but enabled us to substantially improve overall profitability despite lower revenue.

    “We also reduced operating expenses by 6% in 2024 and reduced cash used in operations by 23% to $2.91M in 2024 from $3.79M in 2023. With this transition behind us, we are in a much stronger position to grow and convert top-line revenue into bottom-line contribution.”

    Recent Highlights

    Mr. DePasquale, continued, “Moving forward, we are seeing very encouraging order demand for our solutions in national defense, financial services and education applications and particular strength in EMEA countries. We are seeing growing interest in our unique capabilities in passwordless, phoneless and tokenless authentication solutions which are best positioned to meet the most pressing security and usability challenges. Our biometric solutions are gaining solid traction in international markets across government, financial services and civil defense applications.

    “For example, in Q4’24 we secured a $910K contract with a long-time financial services client to implement our biometric identification technology across its branches. The customer has already enrolled fingerprint biometrics for over 25M end-users and is now upgrading to BIO-key’s “fingerprint-only,” one-to-many identification system. Our solution is expected to trim approximately 30 seconds from each customer interaction, resulting in both an improved customer experience and substantial long-term savings.

    “Our longstanding relationship with one of the world’s most esteemed defense ministries saw expanded deployment of our biometric solutions in 2024, a trend we expect to continue in 2025 and beyond. We currently provide authentication and digital security services for over 80,000 ministry personnel and believe that deployment could double or triple in coming years. To date, the ministry has generated $3.3M in total hardware and license revenue, and we are now working under a new long term procurement agreement initiated in Q3 2024.

    “This past January, we forged a partnership with the National Bank of Egypt, which is integrating BIO-key’s PortalGuard IAM platform and an industry-leading Identity Governance solution. This project, led by our partner, Raya Information Technology, leverages PortalGuard’s advanced IAM, MFA, and SSO capabilities to secure the digital identities of the bank’s 30,000 employees, and we believe there is potential down the road for this solution to be utilized with its customers.

    “BIO-key has also built an established and growing presence in education across over 100 institutions serving over 4M end users. In January, three additional colleges and universities migrated to PortalGuard IDaaS and the Wyoming Department of Education deployed PortalGuard IDaaS, adding a total of over 50,000 IDaaS end users. Building on this momentum, after an extensive RFP and review process, we executed a strategic partnership and Joint Purchase Agreement (JPA) with California’s Education Technology Joint Powers Authority (Ed Tech JPA). The agreement makes PortalGuard an approved IAM solution for the alliance’s 195 K-12 schools and districts, collectively serving over 2.6M students, uniquely positioning our offerings to comply solve Ed Tech JPA member IAM requirements, including compliance with emerging restrictions on the use of personal mobile devices in schools.

    “In an effort to seed future market opportunities, in December we announced a strategic collaboration with Fiber Food Systems to explore IAM use cases across the food industry. As part of this agreement, we also acquired shares of Boumarang, Inc. from Fiber in exchange for BIO-key stock. Boumarang is a pioneering force in sustainable, AI-driven, hydrogen-powered, long-range drone technology, a developing market with a clear need for a state-of-the-art IAM solutions. The equity exchange strengthened our balance sheet and paved the way to a strategic collaboration with Guinn Partners to integrate our biometric technology with Guinn’s expertise in IoT and autonomous systems, targeting applications across aerospace, defense, healthcare, logistics and smart cities. These initiatives will take time to develop, but we believe that each of them has the potential to create attractive new commercial opportunities for BIO-key.

    “We are off to a strong start in 2025 and believe we are well positioned to deliver improved top- and bottom-line performance. However, given the timing of large customer orders, our financial performance has the potential to fluctuate significantly on a quarter-to-quarter basis. Given increasing interest in our biometric solutions, growing adoption of passwordless, phoneless and tokenless IAM solutions, and the transition we executed in 2024 to a focus on higher-margin BIO-key solutions, we are very optimistic regarding our prospects this year. We remain focused on reducing costs to lower our breakeven level as we continue to explore new markets and strategic partnerships that could advance our path to sustained profitability and positive operating cash flow.”

    Financial Results
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change.

    2024 revenues decreased approximately 11% to $6.9M from $7.8M in 2023, largely due to BIO-key’s exit from a Swivel Secure Limited (SSL) distribution agreement and transition to selling BIO-key branded solutions in the EMEA region. The impact of this strategic decision contributed to more high-margin software license fee revenue and a reduction in services revenue from third-party products which carry a much lower gross margin. As a result, 2024 license fee revenue increased 20% to $5.2M in 2024 vs. $4.3M in 2023; service fees declined 50% to $1.1M in 2024 from $2.2 million in 2023; and hardware revenue declined 47% to $0.6M in 2024 from $1.2M in 2023.

    In Q4’24 license fee revenue increased 77% to $1.0M; services revenue decreased 28% to $0.3M and hardware revenue declined 88% to $0.1M, also reflecting the impacts of the strategic transition from SSL products and services toward BIO-key solutions.

    Gross profit grew to $5.6M in 2024 from $1.4M in 2023, due to a $3.6M hardware reserve taken in 2023 and the impact of growth in higher-margin license sales and a reduction in lower-margin services and hardware revenue. Exiting the SSL agreement contributed to lower costs to support deployments, including software license fees included in sales of Swivel Secure offerings vs. BIO-key’s internally developed software solutions. This resulted in gross profit increasing to $1.2M in Q4’24 vs. negative $95,496 in Q4’23, which included a $1.1M hardware reserve. Both Q4’24 and 2024 gross profit benefited from the sale of $213,005 of fully reserved hardware inventory.

    BIO-key reduced its operating expenses by $606,409 to $9.7M in 2024 from $10.3M in 2023, due to a reduction of SG&A costs by $722,563, partially offset by a $116,154 increase in research, development and engineering expense to support new product development. Proactive cost reductions included lower headquarters expenses, sales personnel costs, and marketing show expenses, partially offset by an increase in professional services, principally related to financing activities. BIO-key’s Q4’24 operating expenses were flat year-over-year at $2.6M.

    Reflecting greater gross profit and lower operating expenses, BIO-key’s 2024 net loss improved to $4.3M, or ($2.10) per share, from a net loss of $8.7M, or ($15.21) per share, in 2023. Similarly, BIO-key’s Q4’24 net loss improved to $1.6M, or ($0.53) per share, vs. $2.4M, or ($3.99) per share, in Q4’23. 2023 Results included hardware reserves of $3.6M and $1.086M in 2023 and Q4’23, respectively. 2024 results included a positive hardware reserve adjustment of $213,005 in Q4 for the sale of hardware that was previously reserved.

    Balance Sheet
    As of December 31, 2024, BIO-key had $1.9M of current assets, including $438,000 of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and $378,000 of inventory. This compares to current assets of $2.6M at December 31, 2023, including approximately $511,000 of cash and cash equivalents, $1.3M of net accounts receivable and due from factor, and $446,000 of inventory.

    Conference Call Details

    Date / Time: Thursday, March 27th at 10 a.m. ET
    Call Dial In #: 1-877-418-5460 U.S. or 1-412-717-9594 Int’l
    Live Webcast / Replay: Webcast & Replay Link – Available for 3 months.
    Audio Replay: 1-877-344-7529 U.S. or 1-412-317-0088 Int’l; code 6114035
       

    About BIO-key International, Inc. (www.BIO-key.com)

    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future;, any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

    Engage with BIO-key

    Investor Contacts

    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (Unaudited)
     
      Three Months Ended     Twelve Months Ended  
      December 31,     December 31,  
      2024     2023     2024     2023  
    Revenues                              
    Services $ 344,444     $ 478,005     $ 1,108,506     $ 2,218,885  
    License fees   1,023,701       577,669       5,189,370       4,342,010  
    Hardware   94,133       769,427       631,695       1,194,010  
    Total revenues   1,462,278       1,825,101       6,929,571       7,754,905  
    Costs and other expenses                              
    Cost of services   73,317       221,940       396,274       861,936  
    Cost of license fees   146,122       152,000       589,505       1,174,919  
    Cost of hardware   255,927       460,157       516,611       700,231  
    Cost of hardware – reserve   (213,005 )     1,086,500       (213,005 )     3,586,500  
    Total costs and other expenses   262,361       1,920,597       1,289,385       6,323,586  
    Gross profit   1,199,917       (95,496 )     5,640,186       1,431,319  
                                   
    Operating Expenses                              
    Selling, general and administrative   1,815,155       2,040,438       7,140,147       7,862,710  
    Research, development and engineering   812,072       587,900       2,511,080       2,394,926  
    Total Operating Expenses   2,627,227       2,628,338       9,651,227       10,257,636  
    Operating loss   (1,427,310 )     (2,723,834 )     (4,011,041 )     (8,826,317 )
    Other income (expense)                              
    Interest income   57       5,589       110       11,533  
    Gain from sale of asset           20,000               20,000  
    Loss on foreign currency transactions   (13,004 )     (24,000 )     (13,004 )     (39,000 )
    Loan fee amortization   (60,000 )     –       (124,000 )     –  
    Change in fair value of convertible note   –       131,497       –       396,203  
    Interest expense   (66,932 )     (58,890 )     (175,755 )     (218,270 )
    Total other income (expense), net   (139,879 )     74,196       (312,649 )     170,466  
                                   
    Loss before provision for income tax   (1,567,189 )     (2,649,638 )     (4,323,690 )     (8,655,851 )
                                   
    Provision for (income tax) tax benefit   –       276,825       –       134,014  
                                   
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
                                   
    Comprehensive loss:                              
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
    Other comprehensive income (loss) – Foreign currency translation adjustment   (25,409 )     138,029       26,469       265,423  
    Comprehensive loss $ (1,592,598 )   $ (2,234,784 )   $ (4,297,221 )   $ (8,256,414 )
                                   
    Basic and Diluted Loss per Common Share* $ (0.53 )   $ (3.99 )   $ (2.10 )   $ (15.21 )
                                   
    Weighted Average Common Shares Outstanding*                              
    Basic and diluted   3,032,240       560,278       2,059,884       560,278  
     
    *Periods reflect impact of BIO-key’s 1-for-18 reverse stock split effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED BALANCE SHEETS
     
        December 31,  
        2024     2023  
    ASSETS                
    Cash and cash equivalents   $ 437,604     $ 511,400  
    Accounts receivable, net     718,229       1,201,526  
    Due from factor     74,170       99,320  
    Inventory, net of reserve     378,307       445,740  
    Prepaid expenses and other     278,648       364,171  
    Total current assets     1,886,958       2,622,157  
    Equipment and leasehold improvements, net     140,198       220,177  
    Capitalized contract costs, net     409,426       229,806  
    Deposits and other assets     7,976       –  
    Operating lease right-of-use assets     73,372       36,905  
    Other assets     5,000,000       –  
    Intangible assets, net     1,097,630       1,407,990  
    Total non-current assets     6,728,602       1,894,878  
    TOTAL ASSETS   $ 8,615,560     $ 4,517,035  
                     
    LIABILITIES                
    Accounts payable   $ 818,187     $ 1,316,014  
    Accrued liabilities     1,278,732       1,305,848  
    Note payable     1,525,977       –  
    Government loan – BBVA Bank, current portion     132,731       138,730  
    Deferred revenue – current     773,267       414,968  
    Operating lease liabilities, current portion     24,642       37,829  
    Total current liabilities     4,553,536       3,213,389  
    Deferred revenue, net of current portion     196,237       28,296  
    Deferred tax liability     22,998       22,998  
    Government loan – BBVA Bank, net of current portion     44,762       188,787  
    Operating lease liabilities, net of current portion     48,994       –  
    Total non-current liabilities     312,991       240,081  
    TOTAL LIABILITIES     4,866,527       3,453,470  
                     
    Commitments                
                     
    STOCKHOLDERS’ EQUITY                
    Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,715,483 and 1,032,777 of $.0001 par value at December 31, 2024 and December 31, 2023, respectively     372       103  
    Additional paid-in capital     133,030,271       126,047,851  
    Accumulated other comprehensive loss     49,290       22,821  
    Accumulated deficit     (129,330,900 )     (125,007,210 )
    TOTAL STOCKHOLDERS’ EQUITY     3,749,033       1,063,565  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 8,615,560     $ 4,517,035  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries

    CONSOLIDATED STATEMENTS OF CASH FLOWS
     
        Years ended December 31,  
        2024     2023  
                     
    CASH FLOW FROM OPERATING ACTIVITIES:                
    Net loss   $ (4,323,690 )   $ (8,521,837 )
    Adjustments to reconcile net loss to cash used for operating activities:                
    Depreciation     93,026       75,136  
    Amortization of intangible assets and write-off     304,983       354,558  
    Interest payable on Note     164,589       –  
    Loss on foreign currency     13,004       39,000  
    Reserve for inventory     (213,005 )     3,586,500  
    Allowance for doubtful account     (372,532 )     750,000  
    Amortization of debt discount     124,000       –  
    Amortization of capitalized contract costs     175,900       171,291  
    Share based and warrant compensation for employees and consultants     225,245       226,725  
    Stock based fees to directors     18,006       39,007  
    Bad debt expense     100,000       100,000  
    Change in fair value of convertible note     –       (396,203 )
    Deferred income tax benefit     –       (134,014 )
    Amortization of operating lease right-of-use assets     79,521       –  
    Change in operating assets and liabilities:                
    Accounts receivable     855,829       (428,742 )
    Due from factor     25,150       (49,820 )
    Capitalized contract costs     (355,520 )     (118,028 )
    Deposits     (7,976 )     –  
    Right of use asset     (115,988 )     160,449  
    Inventory     280,438       402,129  
    Prepaid expenses and other     85,523       (21,465 )
    Accounts payable     (502,987 )     57,725  
    Income tax payable     –       (121,764 )
    Accrued liabilities     (27,116 )     275,561  
    Deferred revenue     526,240       (71,288 )
    Operating lease liabilities     (66,712 )     (168,376 )
    Net cash used for operating activities     (2,914,072 )     (3,793,456 )
    CASH FLOWS FROM INVESTING ACTIVITIES:                
    Capital expenditures     (13,047 )     (1,000 )
    Net cash used for investing activities     (13,047 )     (1,000 )
    CASH FLOWS FROM FINANCING ACTIVITIES:                
    Proceeds from public offerings             4,296,260  
    Repayment of convertible notes             (2,200,000 )
    Proceeds from the exercise of warrants     1,908,099       320  
    Costs incurred for issuance of common stock     (172,350 )     (561,367 )
    Proceeds from issuance of note payable     2,000,000       –  
    Repayment of note payable     (762,611 )     –  
    Repayment of government loan     (150,024 )     (119,251 )
    Proceeds from Employee Stock Purchase Plan     3,740       17,478  
    Net cash (used in) provided by financing activities     2,826,854       1,433,440  
    Effect of exchange rate changes     26,469       236,894  
    NET DECREASE IN CASH AND CASH EQUIVALENTS     (73,796 )     (2,124,122 )
    CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR     511,400       2,635,522  
    CASH AND CASH EQUIVALENTS, END OF YEAR   $ 437,604     $ 511,400  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 

    The MIL Network –

  • MIL-OSI: TransUnion Study Finds U.S. Data Breach Severity Reaches New High

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 27, 2025 (GLOBE NEWSWIRE) — Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020. These findings were revealed as part of the newly-released TransUnion® (NYSE: TRU)  H1 2025 Update to the State of Omnichannel Fraud Report.

    In 2024, the number of primary data breaches dipped to 2,577 from 2,842 the year prior, while third-party data breaches fell precipitously to 515 from 2,731 in 2023. However, the severity of those data breaches increased by 34% from one year earlier, with the primary US Breach Risk Score (BRS)1 rising from 4.1 to 5.6 and third party rising from 4.2 to 5.2. Breach Risk Score is measured on a 1–10 scale, where 1 represents the least severe and 10 most.

    A primary data breach represents a direct attack on an organization. A third-party data breach, also known as a supply-chain attack, value-chain attack, or backdoor breach, is when an attacker accesses an entity’s network via third-party vendors or suppliers — payroll processing or medical billing, for instance.

    The study found that the 2024 U.S. data breaches targeted more high-quality credentials, and consumers reported being targeted by data harvesting scams in every channel, including email, text, phone and online. Exposed identity data enables cybercriminals to power automated, identity-based attacks on organizations and individuals more readily.

    “The reversal of the multi-year U.S. data breach growth is certainly a step in the right direction. However, the significant jump in data breach severity is a cause for concern,” said Steve Yin, global head of fraud at TransUnion. “Breach severity is a leading indicator of future fraud. This year’s growth in severity means organizations must be even more diligent moving forward and work even harder to defend against the oncoming identity fraud attacks such as those in account creations, social engineering scams, and account takeovers.”

    _______________
    1 The BRS is based on the quantity and severity of the particular identity credentials the affected entity determined to have been exposed.

    While U.S. Data Breach Volume Ticked Down in 2024, Data Breach Severity Reached Record Levels
     
      2020 2021 2022 2023 2024
    Volume
    Primary data Breaches 1,248 1,841 1,834 2,842 2,577
    Third-party data breaches 689 567 1,757 2,731 515
    Average Breach Risk Score
    Primary data Breaches 3.9 4.0 4.0 4.1 5.6
    Third-party data breaches 2.8 3.1 3.4 4.2 5.2
    Source: TransUnion TruEmpower™
     

    These data breaches played a key role in significant financial losses faced by consumers due to fraud. Among consumers TransUnion surveyed in 18 countries and regions in November and December 2024, 29% said they lost money due to online, email, phone or text message fraud in the last year. The newly-released TransUnion (NYSE: TRU) H1 2025 Update to the State of Omnichannel Fraud Report found that the median amount those consumers said they lost due to fraud in the past year was $1,747.

    Communities and Video Gaming Among Top Industries Targeted by Suspected Digital Fraud Globally
    Communities, which include venues such as online dating and forums, had the highest rate of suspected digital fraud2 attempts globally in 2024. Nearly 12% of all attempted communities transactions were suspected to be digital fraud last year. This is closely followed by video gaming (11%), with gaming (including online betting, poker, etc.) at 8% and retail (8%) rounding out the top four.

    The logistics industry, which has seen growth in shipping fraud (often perpetrated by organized crime rings), saw the greatest suspected digital fraud volume growth globally in 2024, up more than 100% over 2023. That being said, the fraud rate remains at a relatively modest 3%. Gaming also saw a significant year-over-year (YoY) volume change, up 20%. Telecommunications (-79%), insurance (-29%) and video gaming (-23%) saw the greatest decreases in suspected digital fraud volume YoY.

    “Digital fraud on community platforms is by no means a new phenomenon. However, in 2024, it appears that fraudsters targeted these areas with a renewed vigor,” said Richard Tsai, senior director of global fraud solutions at TransUnion. “Cybercriminals, taking advantage of the trust inherent on community-based platforms, targeted members with a wide range of scammer solicitations, the most reported type of digital fraud in communities.”

    For transactions where the consumer or fraudster was located in the U.S., gaming continues to see the highest suspected digital fraud rate. About 14% of attempted transactions were suspected to be digital fraud, roughly the same as 2023. This marks the fifth consecutive year since TransUnion began research on this metric five years ago, where 13% or more of attempted gaming transactions in the U.S. were suspected to be digital fraud.

    _______________
    2 The rate or percentage of suspected digital fraud attempts reflects those which TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) fraudulent upon customer investigation, or 4) a corporate policy violation upon customer investigation — compared to all transactions assessed. The country and regional analyses examined transactions in which the consumer or suspected fraudster was located in a select country or region when conducting a transaction. Global statistics represents every country worldwide and not just the select countries and regions.

    Communities Saw the Highest Suspected Digital Fraud Rates in 2024 Globally, While Logistics Saw the Greatest Volume Increase
         
    Industry Suspected digital fraud attempt rate 2024 Change in volume of suspected digital fraud attempts from 2023 to 2024
    Communities (online dating, forums, etc.) 11.6% +9%
    Video gaming 10.8% -23%
    Gaming (online sports betting, poker, etc.) 7.8% +20%
    Retail 7.6% -45%
    Financial services 4.9% +3%
    Telecommunications 3.0% -79%
    Logistics 2.6% +101%
    Insurance 2.0% -29%
    Government 1.7% +6%
    Travel & leisure 0.9% -38%
    Source: TransUnion TruValidate™
         

    As part of the same aforementioned consumer survey, 11% of U.S. respondents indicated that they were targeted by online, email, phone call or text messaging fraud from August to December 2024 and fell victim to it. Four in 10 respondents (41%) indicated that they were aware of being targeted, but did not fall victim. Among those able to identify being targeted, the most commonly reported fraud scheme in the U.S. was smishing. Smishing is a type of phishing that uses text messages to mislead people into giving away personal information. The term combines “SMS” and “phishing”.

    “While cybercriminals will attack at any time using any channel, they appear to focus on channels most popular in the regions they are targeting,” said Yin. “Text messaging remains incredibly popular in the U.S. and, among many demographic groups, is a far more ubiquitous way to communicate with mobile devices than phone calls. As such, it would stand to reason that smishing would be such a common fraud tactic among fraudsters targeting this region.”

    In contrast, nearly half of respondents (48%) indicated that they were not targeted by these types of fraud at all. This raises questions as to whether these respondents were in fact targeted, yet simply unaware.

    India and South Africa Saw the Greatest Percentage of Respondents Falling Victim to Digital Fraud in H2 2024
             
    Country Targeted and fell victim Targeted but didn’t fall victim Not targeted Most reported fraud scheme
    India 13% 41% 46% Identity theft
    South Africa 13% 55% 31% Phishing
    Dominican Republic 12% 24% 64% Vishing
    Kenya 11% 71% 19% Smishing
    Mexico 11% 31% 58% Stolen credit card
    Namibia 11% 52% 37% Vishing
    Philippines 11% 63% 26% Phishing
    Puerto Rico 11% 25% 63% Stolen credit card
    United States 11% 41% 48% Smishing
    Brazil 10% 30% 60% Vishing
    Rwanda 10% 57% 33% Money mule
    Spain 10% 25% 65% Phishing
    Canada 9% 47% 44% Phishing
    Chile 9% 30% 61% Vishing
    Colombia 9% 33% 58% Vishing
    Zambia 9% 70% 21% Smishing
    Hong Kong 6% 45% 48% Phishing
    United Kingdom 6% 44% 50% Phishing
    Source: TransUnion consumer survey
             

    TransUnion came to its conclusions about digital fraud and data breaches based on intelligence from TransUnion TruValidate and TruEmpower respectively.

    Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Guatemala, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia. Download the TransUnion H1 2025 Update to the State of Omnichannel Fraud Report for more information and insights about the global fraud trends.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    http://www.transunion.com/business

    Contact       Dave Blumberg
    TransUnion
         
    E-mail   david.blumberg@transunion.com
         
    Telephone   312-972-6646
         

    The MIL Network –

  • MIL-OSI: Element and Arval Celebrate 30 Year Alliance with Release of New Insights Focused on the Future of Fleet and Mobility 

    Source: GlobeNewswire (MIL-OSI)

    • Fleet and mobility stakeholders continue their fleet electrification strategies, with 85 per cent of them now shifting their focus to charging solutions and strategies.
    • 91 per cent of companies anticipate their fleet will either remain stable or grow in the next three years. 
    • Nearly half of the companies recognize that mobility policies and solutions are important levers for talent acquisition and employee retention.

    TORONTO, March 27, 2025 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, together with global alliance partner, Arval, a major player in vehicle leasing and specialist in mobility solutions, are marking the 30th anniversary of the Element-Arval Global Alliance (“EAGA” or the “Alliance”) with new insights published in the 2025 Fleet and Mobility Barometer.

    “Our global alliance uniquely offers our fleet and mobility customers the expertise and relationship management needed to deploy strategies across 55 different countries, ensuring solutions meet local needs and maintain very high quality standards,” says Bart Beckers, Chief Commercial Officer of Arval. “The Element-Arval Global Alliance purpose is to support and assist our international clients to successfully build and run their global fleet strategy.“

    For 30 years the EAGA has been a global leader within fleet and mobility management. To expand its presence in additional geographies, notably in Asia, the Alliance welcomed Sumitomo Mitsui Auto Service (SMAS) in 2023 and now counts eight members. With presence in 55 countries and the Alliance Members managing 4.5 million vehicles, the Alliance delivers comprehensive expertise and resources to empower their international clients across the globe, helping them to manage their fleets at a strategic, tactical, and operational level.

    “We greatly value the extensive relationship we’ve built with Arval and are proud that our global Alliance remains the longest standing across fleet and mobility,” says David Madrigal, Executive Vice President and Chief Commercial Officer. “The insights captured within the annual Fleet and Mobility Barometer we’ve produced together represent one of the many ways we leverage our partnership, shared expertise, and extensive global presence to deliver comprehensive, scalable, and tailored solutions to meet our clients’ needs across the globe.”

    The Fleet and Mobility Barometer (the “Barometer”) is an industry-leading annual publication of the Arval Mobility Observatory and Element-Arval Global Alliance, offering a robust and detailed look into evolving industry trends, and providing country-specific insights, deep-dive policy considerations, as well as industry-leading benchmarking. This year’s report addresses three main areas of fleet and mobility transformation: environmental sustainability, cost efficiency, and employee satisfaction.

    Key insights from the Barometer include:

    1. Companies are overwhelmingly prioritizing environmental sustainability through fleet electrification, with 85 per cent of the companies interviewed having a charging policy or planning to have one in the future. The report also highlights the varying rates of electrification between passenger cars and Light Commercial Vehicles (LCVs), with Europe leading the trend.
    2. Cost efficiency is being observed through innovative methods such as full-service leasing. Despite persistent economic and geopolitical challenges, 91 per cent of companies anticipate their fleet will either remain stable or grow in the next three years.
    3. Employee satisfaction is now at the centre of mobility and fleet transformation, with 45 per cent of companies mentioning human resource needs as the main reason for developing employee mobility policies and solutions. The report emphasizes the key role of telematics and connected vehicle technologies for promoting responsible driving, improving driver behavior, and reducing accidents.

    Initiated by the Arval Mobility Observatory nearly 20 years ago, Element joined the global Barometer in 2023 to expand benchmarking capabilities to include trends across the United States, Canada, Mexico, Australia, and New Zealand. This year’s benchmarking survey involves more than 8,000 interviews with corporate fleet decision-makers across 28 countries and provides a forward-looking perspective on the next three years. 

    To read more about the Element-Arval Global Alliance and the 2025 Fleet and Mobility Barometer, visit Global Fleet Management Solutions | Element-Arval Global Alliance – Element Arval.

    About Element Fleet Management
    Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients’ fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element’s expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients’ fleet so they can focus on growing their business. For more information, please visit: www.elementfleet.com

    About Arval:
    Arval is a major actor in full-service vehicle leasing and a specialist in mobility solutions founded in 1989. Arval is fully owned by BNP Paribas and positioned within the Group’s Commercial, Personal Banking & Services division. Arval was leasing nearly 1.8 million vehicles as of the end of 2024. Every day, nearly 8,600 Arval employees in 29 countries offer flexible solutions to make journeys seamless and sustainable for its customers, ranging from large international corporate groups to smaller companies and private customers.

    Arval is a founding member of the Element-Arval Global Alliance. The fleets of all the Alliance members represent more than 4.5 million vehicles in 55 countries.

    Arval has been rewarded with the highest level of the EcoVadis medal, the platinum level, placing its CSR strategy in the Top 1% of the companies assessed.
    www.arval.com

    About BNP Paribas:
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
    https://group.bnpparibas/en/

    This press release contains certain forward-looking statements and forward-looking information regarding Element, its business and the fleet industry, which are based upon Element’s current expectations, estimates, projections, assumptions and beliefs. In some cases, words such as “plan”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “could”, “predict”, “project”, “model”, “forecast”, “will”, “potential”, “target, “by”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements and forward-looking information. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. Forward-looking statements and information in this news release may include, but are not limited to, statements with respect to, among other things, the Company’s expectations regarding new product offerings, including the benefits of the products, client demand and profitability, the Company’s ability to execute on its product plans, and the Company’s expectations regarding the risk and insurance industries. By their nature, these statements require us to make assumptions and are subject to inherent risks and uncertainties that may be general or specific, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct. External factors outside of Element’s reasonable control may impact our ability to achieve our goals and expectations, including industry dynamics, legislation and regulatory actions, the failure of third parties to comply with their obligations to us and our affiliates or associates, client decisions and preferences. These and other factors may cause actual results to differ materially from the expectations expressed in the forward-looking statements and may require Element to adjust its initiatives and activities. The forward-looking statements in this news release speak only as of the date hereof and are presented for the purpose of assisting our stakeholders and others in understanding our objectives and strategic priorities and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement except as required by law. In addition, a discussion of some of the material risks affecting Element and its business appears under the heading “Risk Management & Risk Factors” in Element’s Management Discussion and Analysis for the twelve-month period ended December 31, 2023 and the three and nine-month period ended September 30, 2024, and under the heading “Risk Factors” in Element’s Annual Information Form for the year ended December 31, 2023, as well as Element’s other filings with the Canadian securities regulatory authorities, which have been filed on SEDAR+ and can be accessed on Element’s profile on www.sedarplus.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fa484c54-9cb4-4c81-835c-d59ab8841d95

    The MIL Network –

  • MIL-OSI: Primech Holdings Limited Provides Financial Updates and Corporate Highlights For the Six Months Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, provides a financial and corporate update coincident with the filing of the Company’s financial results for the six months ended September 30, 2024.

    Financial Highlights:

    • Revenue was approximately $36.9 million for the six months ended September 30, 2024, representing a 5.1% increase from the same period in 2023;
    • Gross Profit Margin increased from 16.4% for the six months ended September 30, 2023, to 22.5% for the six months ended September 30, 2024;
    • Sales and marketing expenses increased from approximately $11,000 for the six months ended September 30, 2023 to approximately $1.4 million for the six months ended September 30, 2024.
    • Loss from operations was approximately $0.9 million for the six months ended September 30, 2024, while profit from operations was approximately $0.3 million for the six months ended September 30, 2023.
    • Net loss was approximately $1.3 million for the six months ended September 30, 2024, while net income was approximately $0.2 million for the six months ended September 30, 2023.

    Operational and Corporate Highlights:

    • Primech launched Primech AI as an operating subsidiary focused on creating robotic-based solutions to meet the growing demand for efficient and autonomous cleaning technology. With patents pending, Primech AI is developing HYTRON, a fully autonomous AI-powered toilet cleaning robot featuring 3D-cleaning and electrolyzed water for enhanced efficiency. Primech AI showcased its HYTRON robot at the 2024 CleanEnviro Summit Singapore (CESG) in June, generating significant industry interest.
    • Primech’s subsidiary, Primech A & P Pte. Ltd., was nominated as a finalist for The Singapore Apex Corporate Sustainability Awards in the “LowCarbonSG” category. This recognition acknowledges the Company’s achievement of at least 5% improvement in Scope 1 and 2 carbon emissions over 24 months through strategic initiatives.

    Management Commentary:

    Kin Wai Ho, CEO of Primech Holdings Limited, commented, “While our financial results for this period reflect the significant investments we are making in technology and market development, we believe these strategic initiatives position us for substantial long-term growth and enhanced shareholder value. The increased marketing expenses reflect our commitment to expanding our market presence and promoting our innovative solutions, 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.    

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    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-Evening Report: Researcher warns over West Papuan deforestation impact on traditional noken weaving

    Asia Pacific Report

    A West Papuan doctoral candidate has warned that indigenous noken-weaving practices back in her homeland are under threat with the world’s biggest deforestation project.

    About 60 people turned up for the opening of her “Noken/Men: String Bags of the Muyu Tribe of Southern West Papua” exhibition by Veronika T Kanem at Auckland University today and were treated to traditional songs and dances by a group of West Papuan students from Auckland and Hamilton.

    The three-month exhibition focuses on the noken — known as “men” — of the Muyu tribe from southern West Papua and their weaving cultural practices.

    It is based on Kanem’s research, which explores the socio-cultural significance of the noken/men among the Muyu people, her father’s tribe.

    “Indigenous communities in southern Papua are facing the world’s biggest deforestation project underway in West Papua as Indonesia looks to establish 2 million hectares  of sugarcane and palm oil plantations in the Papua region,” she said.

    West Papua has the third-largest intact rainforest on earth and indigenous communities are being forced off their land by this project and by military.

    The ancient traditions of noken-weaving are under threat.

    Natural fibres, tree bark
    Noken — called bilum in neighbouring Papua New Guinea — are finely woven or knotted string bags made from various natural fibres of plants and tree bark.

    “Noken contains social and cultural significance for West Papuans because this string bag is often used in cultural ceremonies, bride wealth payments, child initiation into adulthood, and gifts,” Kanem said.

    West Papua student dancers performed traditional songs and dances at the noken exhibition. Image: APR

    “This string bag has different names depending on the region, language and dialect of local tribes. For the Muyu — my father’s tribe — in Southern West Papua, they call it ‘men’.

    In West Papua, noken symbolises a woman’s womb or a source of life because this string bag is often used to load tubers, garden harvests, piglets, and babies.

    Noken string bag as a fashion item. Image: APR

    “My research examines the Muyu people’s connection to their land, forest, and noken weaving,” said Kanem.

    “Muyu women harvest the genemo (Gnetum gnemon) tree’s inner fibres to make noken, and gift-giving noken is a way to establish and maintain relationships from the Muyu to their family members, relatives and outsiders.

    “Drawing on the Melanesian and Indigenous research approaches, this research formed noken weaving as a methodology, a research method, and a metaphor based on the Muyu tribe’s knowledge and ways of doing things.”

    Hosting pride
    Welcoming the guests, Associate Professor Gordon Nanau, head of Pacific Studies, congratulated Kanem on the exhibition and said the university was proud to be hosting such excellent Melanesian research.

    Part of the scores of noken on display at the exhibition. Image: APR

    Professor Yvonne Underhill-Sem, Kanem’s primary supervisor, was also among the many speakers, including Kolokesa Māhina-Tuai of Lagi Maama, and Daren Kamali of Creative New

    The exhibition provides insights into the refined artistry, craft and making of noken/men string bags, personal stories, and their functions.

    An 11 minute documentary on the weaving process and examples of noken from Waropko, Upkim, Merauke, Asmat, Wamena, Nabire and Paniai was also screened, and a booklet is expected to be launched soon.

    The crowd at the noken exhibition at Auckland University today. Image: APR

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI China: Chinese vice premier meets guests from Bangladesh, Russia

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

    BOAO, Hainan, March 27 — Chinese Vice Premier Ding Xuexiang on Thursday met separately with Bangladeshi interim government’s Chief Adviser Muhammad Yunus and Russian Deputy Prime Minister Alexey Overchuk, who are in Boao, south China’s Hainan Province, for the Boao Forum for Asia Annual Conference 2025.

    During his meeting with Yunus, Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, said that China and Bangladesh are good neighbors, good friends and good partners, and the two countries are celebrating the 50th anniversary of the establishment of their diplomatic relations this year.

    Ding said China is willing to work together with Bangladesh to implement the important consensus reached by the leaders of both countries, enhance political mutual trust, strengthen practical cooperation, and foster closer cultural and people-to-people exchanges to deepen and consolidate the China-Bangladesh comprehensive strategic cooperative partnership.

    Yunus said that Bangladesh firmly adheres to the one-China principle and is willing to take the 50th anniversary of diplomatic ties as an opportunity to continuously strengthen bilateral relations with China and deepen cooperation in various fields within the framework of the Belt and Road Initiative.

    When meeting with Overchuk, Ding said that since the beginning of this year, the two heads of state have had two rounds of communication, setting the direction for the development of China-Russia relations.

    Ding noted that both sides should follow the strategic guidance of head-of-state diplomacy, continuously deepen strategic coordination and practical cooperation, and provide strong certainty to global peace and stability.

    Overchuk said that Russia is willing to work together with China to implement the important consensus reached by the two heads of state and push the Russia-China comprehensive strategic partnership of coordination for a new era to new heights.

    MIL OSI China News –

  • MIL-OSI Banking: RBI imposes monetary penalty on NKGSB Co-operative Bank Limited, Mumbai

    Source: Reserve Bank of India

    The Reserve Bank of India (RBI) has, by an order dated March 25, 2025, imposed a monetary penalty of ₹15.00 lakh (Rupees Fifteen Lakh only) on NKGSB Co-operative Bank Limited, Mumbai (the bank), for non-compliance with certain directions issued by RBI on ‘Management of Advances – UCBs’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

    The statutory inspection of the bank was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related correspondence in that regard, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the bank’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI found, inter alia, that the following charge against the bank was sustained, warranting imposition of monetary penalty:

    The bank had sanctioned/granted certain loans for purchase of gold.

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

    (Puneet Pancholy) 
    Chief General Manager

    Press Release: 2024-2025/2476

    MIL OSI Global Banks –

  • MIL-OSI United Kingdom: Imported dengue cases reach record high

    Source: United Kingdom – Executive Government & Departments

    News story

    Imported dengue cases reach record high

    In 2024, 904 dengue cases were reported in returning travellers across England, Wales and Northern Ireland, up from 631 in 2023.

    New data from UK Health Security Agency show imported dengue cases in England, Wales and Northern Ireland (EWNI) have reached their highest level since dengue surveillance began in 2009.  All cases are linked to travel abroad.

    In 2024, 904 dengue cases were reported in returning travellers across EWNI, up from 631 in 2023. Most cases were linked to travel to Southern and South-Eastern Asia. UKHSA is developing enhanced surveillance of dengue cases to better understand where people are acquiring infections and what mosquito bite precautions they were using, in order to help inform public health interventions in future.

    Dengue cases have been increasing globally since 2010 with historic highs reported in 2019. In 2023, The World Health Organization (WHO) reported a post-pandemic global increase in both dengue cases and deaths, including in regions previously considered dengue-free, with significant increases particularly noted in Asia and the Americas. A range of factors, including climate change, changing distributions of the mosquito vector, and periodic weather events leading to rising temperatures, heavy rainfall and humidity are driving this increase globally.

    The Joint Committee on Vaccination and Immunisation (JCVI) has recently recommended dengue vaccination for some travellers.

    Imported cases of Chikungunya, another mosquito-borne infection, have also risen in EWNI. In 2024, 112 cases were reported, more than double the 45 cases in 2023, with most linked to travel in Southern Asia. These changing patterns may reflect several factors including differences in testing practices, disease burden, global epidemiology, clinician awareness and travel trends.

    Zika virus disease cases increased to 16 in England, Wales and Northern Ireland during 2024, compared to 8 cases in 2023, with most travellers returning from South-Eastern Asia. Although Zika virus cases are rarely reported and don’t often cause serious illness, the infection poses a significant risk to pregnant women, as it can be passed to the foetus. There is no drug or vaccine to prevent Zika virus infection, and the most effective way of preventing infection is minimising mosquito bites.

    Mosquito-borne infections like dengue, chikungunya and Zika can cause symptoms including fever, severe headache, pain behind the eyes, muscle and joint pain, abdominal pain, loss of appetite, nausea and vomiting. These are not always present, and some people will experience no symptoms.

    Dr Philip Veal, Consultant in Public Health at the UK Health Security Agency, said:  

    It is essential to take precautions against mosquito-borne infections such as dengue while travelling abroad. Simple steps, such as using insect repellent, covering exposed skin, and sleeping under insecticide-treated bed nets, can effectively reduce the risk of mosquito-borne infections. Before you travel, check the TravelHealthPro website for the latest health advice on your destination, including any recommended vaccinations. Even if you’ve been to a country before, remember that you don’t have the same level of protection against infections as permanent residents and are still at risk.

    The Travel Health Pro website, supported by the UK Health Security Agency, has information on health risks in countries across the world and is a one-stop-shop for information to help people plan their trip abroad. Ideally travellers should consult their GP, practice nurse, pharmacist, or travel clinic 4 to 6 weeks before their trip for individual advice, travel vaccines and malaria prevention tablets, if relevant for their destination.

    In countries with insects that spread diseases like dengue, malaria or Zika, travellers can protect themselves  by using insect repellent, covering exposed skin, and sleeping under a treated bed net where air conditioning is not available.   

    It is also important for travellers to:   

    • ensure your routine childhood vaccines are up to date
    • have any recommended travel related vaccines
    • Follow the ABCD of malaria prevention- ‘Awareness of risk, Bite prevention, Chemoprophylaxis and Diagnose promptly and treat without delay’
    • Carry sufficient medications to cover the whole trip
    • get valid travel insurance to cover your entire trip and planned activities

    As well as mosquito borne infections, UKHSA is reminding travellers that there is an ongoing outbreak of mpox in some countries in Africa. Currently, the risk to most travellers is low and vaccination against mpox infection is not recommended for the majority of people.

    Those travelling to areas affected by the ongoing outbreak should take sensible precautions to protect themselves from the risk of infection by reducing touch or sexual contact, especially with individuals with a rash.

    You can see a list of countries where cases of mpox clade I have been reported on the Travel Health Pro website. We recommend that anyone planning to travel to affected countries check the latest guidance.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: expert reaction to the wildfires in South Korea

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on wildfires in South Korea. 

    Dr Kimberley Simpson, Fellow in nature-based climate solutions at the University of Sheffield’s School of Biosciences, said:

    “Wildfires in California this past January and the ongoing fires in South Korea share several similarities. Both were preceded by unusually warm, dry conditions that left vegetation highly flammable, and both were intensified by strong winds that spread the flames and hampered firefighting efforts.

    “Only three months into 2025, we’ve already witnessed record-breaking wildfire activity in multiple regions. As climate change drives rising temperatures and alters rainfall patterns, the conditions that give rise to these devastating fires are becoming more frequent.”

    Declared interests:

    Dr Kimberley Simpson None

    MIL OSI United Kingdom –

  • MIL-OSI Economics: Singapore to battle test its defense capabilities through Cope Tiger military exercise, says GlobalData

    Source: GlobalData

    Following the announcement of the Republic of Singapore Air Force’s (RSAF) participation in the military exercise “Cope Tiger”;

    Harshavardhan Dabbiru, Aerospace and Defense Analyst at GlobalData, a leading data and analytics company, offers his view:

    “The participation of the RSAF alongside Thailand and the US in the joint military exercise Cope Tiger 2025, which started on March 17, 2025, and is scheduled to conclude on March 28, 2025, underscores Singapore’s commitment to strengthening its military interoperability while battle testing its defense platforms and associated capabilities. By deploying 26 manned and unmanned aircraft, 10 ground-based air defense systems, and over 700 personnel, Singapore is demonstrating its ability to conduct multi-domain warfare. The country is also testing synergies between both manned and unmanned platforms for intelligence gathering and enhancing its air defense capabilities.

    “Located near the Strait of Malacca, a critical chokepoint in global trade, Singapore is a key hub for international commerce, which also makes it vulnerable to attacks on its critical infrastructure, especially due to any unprecedented conflict between the US and China. While Singapore prioritizes military preparedness, it also maintains a delicate diplomatic balance, fostering strong ties with both the US and China, the two major military powers active in the region.

    “As geopolitical tensions in the Indo-Pacific intensify, Singapore’s strategic location and defense capabilities make it a valuable partner for its regional allies. Although the country faces no imminent territorial threats, rising South China Sea tensions heighten the risk of entanglement in regional conflicts, reinforcing the need to maintain a combat-ready force. In this regard, Singapore’s participation in exercise Cope Tiger underscores its commitment to air combat readiness and interoperability with allies in an evolving security landscape.

    “To safeguard its sovereignty, Singapore, one of the world’s highest per capita defense spenders, continues to invest heavily in advanced defense capabilities. According to GlobalData’s latest report “Singapore Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2030,” the island nation allocated $17.7 billion towards its defense budget in 2025, and it is forecast to grow at a CAGR of more than 4% during 2025-2030. As Singapore deploys its aerial assets and ground-based air defense systems in the ongoing military exercise, it is worth noting that the country is projected to invest $6.8 billion for procuring various types of military fixed-wing aircraft and rotorcraft platforms. Singapore is also expected to spend another $1 billion on acquiring missiles and missile defense systems between 2025 and 2034.

    “To maintain its relevance in the regional power struggles, Singapore will continue to acquire advanced military platforms and deploy them in multinational joint exercises such as Cope Tiger over this decade.”

    MIL OSI Economics –

  • MIL-OSI United Kingdom: UK Statement: WTO Trade Policy Review of Cambodia

    Source: United Kingdom – Executive Government & Departments

    World news story

    UK Statement: WTO Trade Policy Review of Cambodia

    UK Statement for the 3rd Trade Policy Review of Cambodia. Delivered on 26th & 28th March 2025.

    Chair, let me warmly welcome the delegation, led by Minister of Commerce Mrs Cham Nimul, to their 3rd Trade Policy Review. Let me also express my gratitude to the government of Cambodia and to the WTO Secretariat for their Reports, to you Chair and to Ambassador James Baxter as discussant, for facilitating this Review with your insightful comments.

    Bilateral Relationship

    1. The UK and Cambodia enjoy long-standing and positive relations, with our diplomatic relationship dating back to 1953. In recent decades, the UK has been a considerable investor into Cambodia’s real estate and manufacturing industries, while supporting new approaches to developing Cambodia’s infrastructure to increase confidence in its investment potential is at the heart of our recent engagement. The UK’s development finance institution, British International Investment, has also focussed on renewable energy and climate financing in Cambodia.

    2. 2024 was a particularly positive year for the UK-Cambodia trade and investment partnership. In June we welcomed the first official Cambodian trade and investment mission to the UK, including Senior Minister for Trade and Investment Sok Siphana meeting the UK-ASEAN Business Council. In November, the Cambodia-UK business roundtable was attended by Deputy Prime Minister Sun Chantol, and the second annual UK-Cambodia Joint Trade and Investment Forum took place.

    3. The Joint Forum’s theme was the ‘Road to 2030’ and pathways to mutual growth, drawing on both parties’ experience and expertise. We agreed focus areas, including tax predictability, double taxation, and developing domestic capital markets. We look forward to the third meeting of the Forum later this year.

    4. I mentioned infrastructure investment. On this we hope a UK Export Finance Memorandum of Understanding to promote infrastructure development will help unlock up to £2bn in finance. We are also pleased the UK’s Private Infrastructure Development Group (PIDG), which coordinates investments for sustainable economic development and poverty reduction, has several projects in Cambodia, and a strategic partnership with the Cambodian Credit Guarantee Corporation.

    UK-Cambodia Development Relationship

    1. The UK has also aimed to be a reliable partner to Cambodia through wider development programmes, including UK bilateral  ODA  funding, to support Cambodia’s economic development, enhance trade and investment, and cooperate in areas offering longer-term resilience and growth, including encouraging green and inclusive growth.

    2. Our trade for development tools include ensuring Cambodian exporters can take advantage of comprehensive preferences under the UK Developing Countries Trading Scheme (DCTS). The UK also partners the Cambodian Ministry of Economy on the development of a Green Special Economic Zone and supports for agricultural SMEs.

    3. With all these initiatives in mind, we were also pleased to see confirmation last year of the UN recommendation for Cambodia to graduate from LDC status in 2029.

    Report Analysis

    The Trade Policy Review illustrates Cambodia’s significant economic policy progress during the reporting period, including the role of trade in Cambodia achieving GDP growth as high as 6% in 2024, and annual increases in the value of merchandise exports. This is impressive progress, and among other achievements is testament to Cambodia’s ability to respond to the economic impacts of the COVID-19 pandemic.

    WTO and Regional Engagement

    1. As well as national achievements, we welcome Cambodia’s active international engagement. This includes regional trade agreements like the Regional Comprehensive Economic Partnership and wider ASEAN economic initiatives. Here at the WTO we welcome Cambodia’s constructive and thoughtful approaches in a wide range of WTO business. We pay tribute to the Cambodia Permanent Representative, Ambassador Suon Prasith, and his team for their efforts in this regard.

    2. Recent examples of this include Cambodia’s active voice as a LDC focal point on dispute settlement reform. As co-convenor of work on accessibility the UK particularly welcomed Cambodia’s role in this regard. We have also appreciated Cambodia’s informed participation as Member of the Enhanced Integrated Framework (EIF) Board, including drawing insights from its own national use of EIF funding in sectors such as rice and silk.

    3. On WTO agreements, we welcomed Cambodia’s acceptance of the 2022 Agreement on Fisheries Subsidies in 2024, and are especially grateful for Cambodia’s active role in discussions to achieve incorporation of the Investment Facilitation for Development Agreement soon.

    4. In other areas, we encourage Cambodia to consider joining the Agreement on E-commerce and the Services Domestic Regulation initiative, both of which aim to break down barriers to cross-border trade in services and facilitate digital trade, which we believe would have significant benefits for Cambodia’s economic development.

    5. We are very interested to hear Cambodian views and any remaining concerns on these agreements, and look forward to continuing to work together in these and other areas. This also includes ongoing work on the additional fisheries subsidies agreement relating to overcapacity and overfishing where Cambodia’s continued insights and support would be welcome.

    6. Taking account of feedback from UK business, we also encourage Cambodia to increase momentum to achieving greater transparency in their customs valuation processes and regulations, including clearer processes for foreign business licensing, taxation, and land ownership.

    7. We also encourage Cambodia to accelerate efforts to establish stronger intellectual property protections, including enforcement of trademarks, copyrights and patent protections; and to pursue clear policies to strengthen regulatory frameworks in areas such as sustainable waste management, green investments, and emissions standards for automotive and construction industries.

    8. We also hope that Cambodia will continue to upskill their domestic workforce and implement stronger labour protections to meet increased economic demands, including after LDC graduation.

    9. Finally, Cambodia has made important efforts to advance women’s economic empowerment and strengthen gender equality, notably through its credit guarantee schemes and national strategy. On behalf of Ambassador Simon Manley, as co-chair of the Working Group on Trade and Gender, who due to other commitments could not be here in person today, we would also welcome Cambodia sharing its experiences at a forthcoming session of the Group.

    In closing, Chair, let me thank Cambodia for their report, for our wide cooperation bilaterally and here at the WTO. I again thank the delegation for its hard work and look forward to a productive Trade Policy Review.

    Updates to this page

    Published 27 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Air India Express and Willis Lease Finance Corporation Ink Engine Sale & Leasebacks with ConstantThrust®

    Source: GlobeNewswire (MIL-OSI)

    COCONUT CREEK, Fla., March 27, 2025 (GLOBE NEWSWIRE) — Air India Express (“AIX”), a wholly owned subsidiary of Air India, has signed definitive engine sale and leaseback agreements with Willis Lease Finance Corporation (NASDAQ: WLFC) (“WLFC” or the “Company”) for 26 CFM56-7B engines installed on 13 of its Boeing 737-800 aircraft. The engines will be covered under WLFC’s ConstantThrust® program providing enhanced reliability and significant cost savings compared to traditional MRO shop visits. This program is in addition to the ConstantThrust® program signed by WLFC and Air India in 2022, covering 34 CFM56-5B engines installed on Air India’s Airbus A320 family fleet. Both programs will be managed in part by WLFC’s team located in GIFT City, India.

    WLFC’s ConstantThrust® program helps airlines manage the risk and cost of engine overhauls by providing serviceable engines from its portfolio in place of engines that need to be removed for maintenance. This streamlined process reduces engine downtime, eliminates maintenance unpredictability, and lowers engine change costs, enabling airlines to focus on their core operations without disruption.

    “WLFC’s ConstantThrust® program has been successful so far for Air India and we are pleased to expand our partnership with WLFC in support of the Air India Express fleet,” said Aloke Singh, Chief Executive Officer of Air India. “This agreement allows us to eliminate the uncertainties associated with engine maintenance and mitigate unpredictable costs. WLFC’s ConstantThrust® program will help us improve fleet reliability, reduce cost and optimize cash flows.”

    “We believe Air India Express’ decision to select ConstantThrust® evidences that Air India is realizing value from our ConstantThrust® program and also validates our team’s performance on that program, ” said Brian R. Hole, President of Willis Lease Finance Corporation. “This is a great opportunity for us to continue supporting the growth of the Indian aviation industry, in general, and the Air India family of airlines, specifically.”

    “We greatly value our long-standing relationship with Air India and are excited to continue providing innovative, programmatic solutions that deliver enhanced flexibility and cost efficiency for Air India Express and our global customers,” said Austin C. Willis, Chief Executive Officer of WLFC.

    Willis Lease Finance Corporation
    Willis Lease Finance Corporation (“WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center®, Jet Centre by Willis, and Willis Aviation Services Limited, the Company’s service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services.

    Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company’s Annual Report on Form 10-K and other continuing  and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

    NEWS RELEASE CONTACT:  Lynn Mailliard Kohler
         Director, Global Corporate Communications
       (415) 328-4798

    The MIL Network –

  • MIL-Evening Report: Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch

    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney

    Opposition Leader Peter Dutton says a Coalition government would introduce a long-awaited gas reservation scheme, in a budget reply speech that puts energy policy firmly at the centre of the upcoming election campaign.

    On Thursday night, Dutton pledged a national gas plan that he claimed would “prioritise domestic gas supply, address shortfalls and reduce energy prices for Australians”.

    Under the proposed reservation policy, gas companies would be required to divert more gas to the Australian market, rather than sell it overseas. Dutton also pledged measures to speed up development approvals for proposed gas projects.

    A gas reservation scheme could help to ease supply concerns in Australia. Labor is expected to announce its own plan to reserve more gas for domestic use.

    Gas reservation policy may ruffle the feathers of gas importers such as Japan. But it offers a chance to reset relations with our energy-trading partners, and position Australia as a renewable-energy powerhouse.

    However, Dutton’s plan to expand gas production is a folly. No new gas projects are needed to meet Australia’s energy needs. The best way to cut energy prices is to accelerate the shift to the cheapest form of energy – which is from wind, solar and storage.

    Gas reservation: a long time coming

    Australia is one of the world’s biggest gas exporters. But only a fraction of gas produced here is used to power our homes and businesses. Around 80% is exported or is used to liquefy gas so it can be shipped abroad.

    This means despite massive production, parts of Australia face potential gas shortages. The Australian Energy Market Operator has warned of a seasonal supply crunch in the nation’s south from 2028, as production in Bass Strait declines. Reserving gas for the domestic market instead of exporting it could close these potential gaps.

    The idea of reserving gas for use in Australia is broadly popular. It is supported by Australia’s manufacturing industry, and crossbenchers including David Pocock and Jacqui Lambie.

    Western Australia has had a gas reservation policy for more than a decade. However, federal policymakers have, to date, not followed suit.

    This is likely in part due to opposition from the gas industry, which has traditionally opposed the move, arguing it would discourage investment and create uncertainty.

    There have also been concerns the policy could harm Australia’s relations with strategic partners – especially Japan.

    Spotlight on Japan

    Australia supplied 43% of Japan’s liquefied natural gas (LNG) in 2022. Japan has previously expressed concern about federal government moves towards diverting Australia’s gas supplies for domestic use, saying it could threaten long-established trade practices and future Japanese investment.

    However, contrary to Japan’s claims, Australian gas is not needed to keep the lights on. Gas use in Japan is falling. Today, Japan on-sells more gas to other nations than it imports from Australia.

    Importantly, gas contributes to dangerous climate change – both when it leaks into the atmosphere as methane, and when it is burned, releasing carbon dioxide and other pollutants.

    Around a quarter of Australia’s greenhouse gas emissions come from the production and use of gas. Australian gas burned overseas is also responsible for substantial carbon emissions in other countries .

    Tokyo’s finance for gas projects in Australia is slowing the shift away from fossil fuels and diverting investment, workforce, and supply-chain capacity away from clean energy industries.

    Diverting Australian gas to meet local needs would help reset trading relations in our region. Australia’s economic prospects are tied to embracing our potential as a clean energy superpower. This requires signalling to our trading partners our intention to shift away from gas extraction for export.

    Japan does not need Australia’s gas to keep the lights on.
    Luciano Mortula – LGM/Shutterstock

    No new gas is needed

    In his budget reply, Dutton pledged to audit development-ready gas projects with a focus on the southern states and, as previously announced, fast-track a decision on Western Australia’s Northwest Shelf gas project.

    A Coalition government, if elected, would also:

    • invest A$1 billion into a critical gas infrastructure fund
    • increase gas pipeline and storage capacity
    • prevent gas companies from prolonged delays in drilling offshore gas fields.

    However, Australia does not need any new gas projects. We only use a fraction of what we produce.

    What’s more, evidence suggests more gas production will not bring prices down. East coast gas production has doubled over the past decade even as gas prices have tripled.

    Keeping more gas onshore may help with energy prices. But the best way to reduce power bills is to shift to the cheapest form of electricity generation – which is renewables, not gas.

    Australia’s gas use is declining as we move to cleaner, cheaper and more efficient types of energy for homes and businesses.

    On the east coast, gas consumption has declined by 25% in the past decade. Just last week the Australian Energy Market Operator found gas demand is falling faster than anticipated.

    Reducing gas use even faster would avoid potential seasonal shortages.

    Gas has a small, short-term role as Australia switches to renewables, smoothing out electricity supplies when demand exceeds generation from wind, solar and energy storage.

    But the gas won’t be used very often. And a looming surge in batteries to store renewable energy is also likely to displace gas generation at peak times.

    Research suggests production from Australia’s existing projects through to 2035 could meet our remaining gas needs for 60 years.

    A domestic reservation policy could ensure this gas is used to avoid potential supply gaps.

    Our shared clean energy future

    With a national gas reservation scheme on the table no matter who wins the election, Australia will have some tough conversations ahead with international customers – especially Japan.

    However both Australia and Japan have committed to cut emissions over the next decade and achieve net-zero emissions in their economies by 2050.

    Gas will play an ever-dwindling role in both countries in coming years, as it is replaced by cleaner forms of energy from wind, solar and storage.

    Government efforts to manage the energy transition should not encourage new gas projects. Instead, it should position Australia at the forefront of the clean energy revolution.

    Wesley Morgan is a fellow with the Climate Council of Australia.

    – ref. Dutton unveils plan to force more gas into Australian market and expand production in major pre-election pitch – https://theconversation.com/dutton-unveils-plan-to-force-more-gas-into-australian-market-and-expand-production-in-major-pre-election-pitch-253228

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI NGOs: South Korea/Israel/OPT: HD Hyundai machinery used in West Bank demolitions

    Source: Amnesty International –

    HD Hyundai machinery has been widely used in demolitions of Palestinian-owned structures in the Occupied Palestinian Territory (OPT), according to new visual and testimonial evidence documented by Amnesty International Korea and local human rights groups.

    While the company denies their involvement, images and videos verified by the groups identified 59 Palestinian-owned homes, businesses and other structures that were demolished between September 2019 and February 2025 using machinery made by the South Korea conglomerate.

    These demolitions resulted in the forced displacement of approximately 250 Palestinians and damaged the livelihoods of hundreds of others.

    “It is imperative that HD Hyundai takes decisive action to immediately suspend distribution of its products in Israel and conduct heightened due diligence to ensure its operations, products or services do not perpetuate human rights abuses,” said Montse Ferrer, Amnesty International’s Deputy Regional Director.

    For its investigation, Amnesty International Korea in collaboration with the Evidence Lab, Amnesty International’s digital investigations team, verified a total of 347 images and videos of demolitions obtained through partnerships with local organizations.

    Amnesty International Korea, in collaboration with the Israeli human rights organization B’Tselem, also gathered testimonies from victims whose homes and businesses were destroyed by HD Hyundai bulldozers in eight instances across the West Bank.

    One resident, a plumber named Yaaqoub Barqan, described how the Israeli military turned his home into rubble in July 2024.

    “About 30 armed soldiers arrived in military jeeps, along with three pieces of heavy equipment, including a Hyundai excavator. The excavator destroyed the house in less than 20 minutes. My wife fainted watching our home being destroyed and is still receiving psychiatric treatment,” he said.

    These findings follow research from March 2023 in which Amnesty International and Democracy for the Arab World Now (DAWN) documented five instances where Israeli forces used excavators manufactured by Hyundai Construction Equipment (Hyundai CE) to raze Palestinian property that displaced at least 15 Palestinians in Masafer Yatta, an area south of the occupied West Bank where Palestinians live under imminent threat of mass expulsion.

    In March 2024, in a response to media inquiries, HD Hyundai claimed it had reviewed its dealer’s records and asserted that there were no sales records to government agencies, such as for demolition work in Israel, and that compliance regulations were followed.

    However, Amnesty International Korea’s latest research revealed at least 32 shipments of HD Hyundai heavy machinery to Israeli distributor EFCO were made between October 2021 and October 2023 along with 12 shipments of Hyundai Infracore equipment to Emcol Ltd, Hyundai Infracore’s major distributor in Israel.

    Amnesty International Korea first contacted HD Hyundai in March 2023, and then again in October 2024 and March 2025, to inform the company about the use of its machinery in unlawful demolitions in the OPT. On 17 March 2025, Hyundai Infracore, Emcol and EFCO were contacted.

    HD Hyundai XiteSolution, the parent company of HD Hyundai CE and HD Hyundai Infracore, responded on 25 March 2025 saying that it “has no involvement with activities in said conflict regions”. The company did not respond directly to questions posed by Amnesty International Korea. Emcol and EFCO did not respond.

    “HD Hyundai Group, like any corporate actor, must respect human rights throughout its operations. It must do more to guarantee that its machinery is not being used in the destruction of homes and livelihoods in the OPT, especially as demolitions are a key tool in upholding Israel’s system of apartheid,” Montse Ferrer said. 

    MIL OSI NGO –

  • MIL-OSI United Kingdom: Party in the park or have a ball on the beach for VE or VJ Day 27 March 2025 Hold a party in the park or have a ball on the beach to celebrate VE and VJ Day

    Source: Aisle of Wight

    This year is the 80th Anniversary of Victory in Europe (VE) and Victory over Japan (VJ).

    Thursday 8 May 2025 marks 80 years since VE Day, when the Second World War came to an end in Europe. While 15 August is celebrated as VJ Day, when the war ended in the east as Japan surrendered.

    On bank holiday Monday 5 May gather your friends, family and neighbours and host a Great British Food Festival.

    To help celebrate and bring people together the Isle of Wight Council will waive the land hire costs for community groups (including town, parish and community councils) to hold parties in the park and on beaches across the Island. This will help make organising an event as easy and stress-free as possible.

    Residents can download this handy toolkit to help get the party started 

    Natasha Dix, Service Director Waste, Environment and Planning said ‘‘Parties like this are a great opportunity for communities to come together. We want to make it as easy as possible for organised groups to hold a party to celebrate this momentous occasion.’’

    ‘‘For anyone organised groups wishing to hold a party in a local park or at the beach on bank holiday Monday 5 May simply visit Amenity land hire and submit your request to the council one month before the date of your event. If you are just gathering a few friends and family members, have fun and stay safe. We would like to remind everyone to please leave their environment as they found out and place any litter in bins or take it home to dispose of correctly.’’

    Celebrate freedom in the great outdoors and enjoy some Great British Food. Whether you plan a picnic party in your local park or sandwiches on the sand at the beach. Big or small gather your friends, family and neighbours.

    While the Isle of Wight Council is waiving any land hire costs, licensing fees will still apply as these are a statuary requirement.

    The council hopes that as many people take this opportunity to get the together but would like to remind residents if they do choose to hold a party in an outdoor space, they leave the venue as they found it.

    Please take away any rubbish and dispose of it correctly.

    These hints may help.

    Disposable barbeques

    Be safe and just don’t use them. The risk of fire caused by disposable barbeques is high. Pack a picnic instead.

    Disposable barbeques can reach 400C and take around four hours to cool down, making them impossible to move, and posing danger to people and the environment.

    Use of disposable barbeques is banned in several local parks and beaches managed by the council. 

    Recyclable plates/cups and cutlery

    Consider using recyclable cups, paper plates and wooden cutlery that can be reused or recycled easily instead of single use plastic.  

    Bottles and cans

    Wash and squash any plastic bottles or cans and put them in your recycling bin. Squashing plastic bottles and cans helps free up space making it easier to collect and recycle more.  

    Cardboard

    Collapse any cardboard boxes to fit more in your bin. Our recycling centres will also accept larger boxes of cardboard. You can also bundle excess cardboard to one side of your recycling bin or sack on your recycling week. 

    Left-over food waste

    Use your food caddie to dispose of any leftover food waste from your celebrations or visit Love Food Hate Waste for simple recipes to use up your leftovers. 

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: 27 March 2025 Departmental update A unified call for One Health: driving implementation, science, policy and investment for global impact

    Source: World Health Organisation

    Issued at the Third Quadripartite Executive Annual Meeting, 25–27 March 2025, WOAH headquarters, Paris

    As global leaders in human, animal and environmental health, the Quadripartite collaboration comprising the Food and Agriculture Organization of the United Nations (FAO), the United Nations Environment Programme (UNEP), the World Health Organization (WHO), and the World Organisation for Animal Health (WOAH) reaffirms its unwavering commitment to advancing the One Health approach. This integrated approach is essential to sustainably balance and optimize the health of people, animals, plants and ecosystems and to address health risks at the human-animal-environment interface. Meeting at WOAH headquarters in Paris for the Third Quadripartite Executive Annual Meeting, we call for urgent, strategic and sustained support and investments to scale up One Health implementation worldwide.

    Advancing the One Health agenda

    Since its establishment in March 2022, the Quadripartite has made significant progress in four strategic priority areas.

    1. Implementation of the One Health Joint Plan of Action (OH JPA). Over the past year, the Quadripartite has strengthened cross-sectoral collaboration through regional and sub-regional One Health workshops in Europe, central Asia, and Pacific islands, leading to increased adoption of the OH JPA at the national level. Capacity-building efforts have expanded, with multiple country-level workshops focusing on workforce development, joint risk assessments and multisectoral coordination mechanisms. Additionally, key implementation tools have been translated into multiple languages, increasing their accessibility and adoption.
    2. Strengthening One Health science and evidence. The second term of the Quadripartite One Health High-Level Expert Panel (OHHLEP) has been established, broadening its expertise to include social sciences, economics and governance. Key scientific deliverables will include mapping international legal and policy instruments that have a bearing on One Health and analysing barriers and enablers of One Health implementation. The Quadripartite One Health Knowledge Nexus serves as an interactive space for collective knowledge generation and co-learning. Under this platform, a joint Community of Practice was launched in November 2023 on the return on investment for One Health. A new community of practice on One Health governance is planned to be launched in 2025. In 2024, the Quadripartite contributed actively to the 8th World One Health Congress and several other international scientific fora to strengthen partnerships with the scientific community.
    3. Enhancing political engagement and advocacy. The Quadripartite played a significant role in global political processes, advocating for the inclusion of One Health in major discussions and declarations. This includes supporting the adoption of a UN General Assembly political declaration on antimicrobial resistance (AMR) and advocating for One Health integration in G20 health ministerial discussions and declarations. Additionally, the Quadripartite contributed to the adoption of a Global Action Plan on Biodiversity and Health at the Convention on Biological Diversity (COP16) and hosted a high-level One Health event at UN Climate Change Conference (COP29) to promote climate-health policy integration.
    4. Mobilizing investments for One Health. The Quadripartite is developing a Joint Offer – a unified advocacy document for targeted One Health investments. This effort will be bolstered by structured outreach to funding partners through roundtable discussions and high-level dialogues. The Quadripartite continues to advocate for embedding One Health in existing financial mechanisms, and strengthening regional and national One Health investment planning to catalyse broader financial commitments, ensuring sustainable investments at national and global levels.

    Investing in One Health now

    The complexity of today’s health challenges – ranging from AMR and zoonotic diseases to food safety risks and climate-related health threats, amongst others – demands an integrated and well-resourced One Health response. Investing in One Health is not an option; it is an imperative. It is a strategic and cost-effective approach to preventing future health crises, reducing economic losses, strengthening global health security and promoting sustainable development.

    The Quadripartite underscores that investing in One Health today is an investment in a safer, healthier and more resilient future. The world cannot afford to wait. We call on policymakers, donors and global leaders to act decisively, turning commitments into concrete actions and ensuring that One Health is effectively implemented, leaving no one behind.

    MIL OSI United Nations News –

  • MIL-OSI United Nations: The Max Planck Society for the Advancement of Science

    Source: UNISDR Disaster Risk Reduction

    Mission

    The Max Planck Society is an internationally recognized, autonomous science organization with a longstanding tradition.

    “Insight must precede application” – the guiding principle of the Max Planck Society are words spoken by the physicist that our organization was named after. Excellent minds, a high degree of freedom and outstanding work conditions create the foundation for basic research at the very highest level. And thus 20 Nobel Prize Laureates are among the ranks of the Max Planck Society to date. The Max Planck Society with its 86 Max Planck Institutes and facilities is the international flagship for German science: in addition to five foreign institutions, it operates another 20 Max Planck Centers with research institutions such as the Princeton University in the USA, the Paris University Science Po in France, the University College London in UK, and the University of Tokyo in Japan. 

    MIL OSI United Nations News –

  • MIL-OSI Banking: Asian Development Blog: Internal Audit’s Unsung Role in Development

    Source: Asia Development Bank

    Strengthening internal audit through independence, adherence to international standards, and a risk-based approach can drive better governance, service delivery, and accountability.

    In many government agencies across Asia and the Pacific, internal audit – an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations – remains an underutilized tool. 

    When organizations lack a strong internal audit function, they don’t just risk poor performance—they also lack the independent assurance and actionable insights provided by such audits. This leads to inefficiency and confusion, ultimately limiting an organization’s ability to operate effectively and evolve.

    This can have a profound effect on social and economic development goals being pursued by developing countries in Asia and the Pacific. 

    Despite its crucial role in public financial management, internal audit remains an area of weakness across the region, ranking among the lowest-scoring indicators in both East Asia and the Pacific, and South Asia, according to a recent report. 

    Internal audits can be conducted by a dedicated unit, a shared service, or be outsourced to a private accounting firm. To be effective the auditors should have unrestricted access to records, assets, and personnel, as well as the autonomy to set audit priorities in consultation with management. 

    To safeguard its independence and maintain its impact, the internal audit function must communicate directly with the board or its audit committee and provide an annual confirmation of its independence.

    Internal audit should follow best practices, including using international standards, operating under a formal charter, being led by a certified audit executive, and using a risk-based audit plan. It should issue an annual report with an audit opinion, disclose compliance with standards, and undergo an external quality assessment at least every five years.

    It’s essential to differentiate between internal audit and internal controls. While internal audit serves as the third line of defense in the internal control system, it is not a part of the controls themselves. In many public organizations, internal audit is often tasked with conducting pre-audits of transactions, which is a control activity. 

    However, to preserve its independence and objectivity, internal audit must refrain from performing control activities, including pre-audits. Doing so would compromise its core function: evaluating the effectiveness of internal controls and recommending improvements. Instead, pre-audits should be handled by the finance department, while internal audit periodically reviews transactions or assesses the effectiveness of the pre-audit function. This approach allows internal audit to focus on strengthening organizational processes.

    Enhancing internal audit is not just about compliance—it’s a strategic investment in development.

    Internal and external audits are both critical to ensuring accountability, but they differ in their scope, purpose, and approach. External audits focus on delivering an output in the form of an audit opinion on the fairness, accuracy, and reliability of financial statements in accordance with applicable financial reporting frameworks, while internal audits are more input-driven and often constrained by limited resources. 

    To maximize their effectiveness, internal audits must adopt a risk-based approach that directs available resources toward the highest-risk areas.

    While external audits primarily evaluate key controls related to financial reporting, internal audits have a much broader remit, encompassing financial, operational, and procurement controls. Furthermore, internal audit can play a positive role in affirming the robustness and effectiveness of the internal control system – something external auditors typically do not do – and in issuing detailed, actionable recommendations to address control weaknesses.

    Importantly, external auditors may rely on internal audit work if the function meets quality standards, such as objectivity, staff competence, systematic practices, and quality control. Each internal audit work must also demonstrate thorough planning, effective execution, and robust evidence, with conclusions that are appropriate and consistent with the audit findings. 

    While external auditors remain responsible for their conclusions, leveraging quality internal audit work helps focus on high-risk areas and reduce duplication. Clear communication between internal and external audits is essential to maximize synergies and minimize overlap.

    The full value of internal audit is realized when it maintains independence, objectivity, and adheres to professional standards and best practices. When empowered to assess internal controls and complement external audits, internal audit drives critical improvements in governance and performance. 

    This includes conducting essential audits, such as contract audits to improve tendering and contract management practices as well as performance audits to enhance efficiency and effectiveness. 

    Internal audit plays a key role in helping organizations assess and advance sustainability initiatives. Collectively, these efforts help build resilience, sharpen the ability to achieve goals, and elevate service delivery quality across Asia and the Pacific. Enhancing internal audit is not just about compliance—it’s a strategic investment in development.
     

    MIL OSI Global Banks –

  • MIL-OSI: The “AI Magic” in Financial Services: Transforming Customer Experience with Smart Technology

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, March 27, 2025 (GLOBE NEWSWIRE) — In the financial sector, customer demands are becoming increasingly diverse and complex. Whether it’s loan inquiries, financial advice, or after-sales service, customers expect instant and accurate answers. A leading financial services provider, referred to as Company F, was facing unique challenges and chose to collaborate with GPTBots.ai to tackle these business difficulties with an AI-powered customer service solution.

    1. Challenges in Financial Customer Service

    Company F was grappling with the following issues:

    • High Training Costs: The diverse content of loan and financial services made training difficult and slow to show results.
    • Multilingual Communication Barriers: Customers used multiple languages, including Indonesian and English, often mixed with slang and abbreviations, causing communication difficulties.
    • WhatsApp Management Difficulties: A large number of users inquired through WhatsApp, making timely responses and management challenging.
    • Low Customer Service Efficiency: High consultation volumes and a limited customer service team led to long response times and reduced customer satisfaction.

    2. GPTBots AI-Powered Customer Service Solution

    To address these challenges, Company F opted for an innovative solution: the GPTBots AI customer service system.

    Multilingual Support

    • Multilingual Conversations: Supports Indonesian and English, automatically switching the response language based on the customer’s query.
    • Slang and Abbreviation Recognition: Capable of understanding and correctly responding to non-standard language and abbreviations.

    Knowledge Base Integration

    • Knowledge Base Upload: Rich knowledge bases are uploaded to ensure the AI can answer basic customer questions.
    • Real-Time Updates: The knowledge base is updated in real-time to ensure the accuracy and timeliness of responses.

    Seamless Handover to Human Agents

    • Complex Issue Detection: Automatically identifies complex or unresolved issues.
    • Seamless Handover: When the AI cannot meet customer expectations, the conversation is automatically transferred to a human agent.
    • Context Preservation: Ensures human agents can take over the conversation seamlessly without needing to repeat questions.

    WhatsApp Integration

    • WhatsApp Platform Integration: Interacts with customers directly on WhatsApp.
    • Multiple Message Types: Supports text messages, template messages, and service cards.
    • Instant Interaction: Provides instant customer support through a familiar platform.

    Click to watch the full video: AI Customer Service via WhatsApp

    3. Significant Transformation with AI-Powered Customer Service

    After implementing the GPTBots AI customer service solution, Company F achieved remarkable improvements in key performance indicators.

    Drastic Improvement in Customer Service Team Efficiency

    • Average Response Time Reduced by 90%: Response time is now 15 seconds.
    • Basic Inquiry Handling Time Reduced by 70%: Customer service staff can focus on complex issues.

    Significant Improvement in Customer Satisfaction

    • Consistency in Responses Increased by 90%: Effectively reduces customer repeat inquiries.
    • Response Speed Increased to Seconds: More diverse response content, with an 86% increase in customer satisfaction.

    Effective Resource Optimization and Cost Control

    • Training Focused on Key Issues: Training time reduced by 65%, significantly improving training efficiency.
    • Human Customer Service Support for Complex Issues Only: Company resources can be allocated to high-value customer service.

    4. Conclusion: The Future of Financial Customer Service with AI

    Company F’s success story highlights the immense potential of AI technology in the financial customer service sector. By leveraging GPTBots’ AI customer service system, Company F not only overcame multilingual communication barriers and improved customer service efficiency but also significantly enhanced customer satisfaction and operational efficiency. This is not just a technological breakthrough but a crucial step for the financial services industry on the path to digital transformation.

    As AI technology continues to evolve and be applied, the customer service model in the financial industry will become smarter, more efficient, and more human-centric. Company F’s experience demonstrates that AI-powered customer service is not only the direction for the future but also a key tool for enhancing competitiveness and customer experience today. By combining AI technology with traditional customer service, financial institutions can better meet customer needs, improve service quality and efficiency, and stand out in the competitive market.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network –

  • MIL-OSI: Ragnarok V: Returns Official Launching in Thailand, Indonesia and the Philippines on March 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    Seoul, South Korea, March 27, 2025 (GLOBE NEWSWIRE) — GRAVITY Co., Ltd. (NasdaqGM: GRVY) (“Gravity” or “Company”), a developer and publisher of online and mobile games, announced that Gravity Game Tech Co., Ltd., Gravity’s wholly-owned subsidiary, officially launched Ragnarok V: Returns, a 3D MMORPG Mobile and PC game, in Thailand, Indonesia and the Philippines on March 27, 2025.

    Ragnarok V: Returns was first launched in Southeast Asia, excluding Thailand, Indonesia and the Philippines in December 2024 and has since maintained stable service. During the CBT conducted in March 2024 for Southeast Asia and Korea, the game attracted over 20,000 users on the first day alone, with sustained participation and strong engagement until the test concluded, demonstrating its popularity. Ragnarok V: Returns is available for download in Google Play and Apple App Store in Thailand, Indonesia and the Philippines and by installing PC version from official website. It is also available for download in Huawei App Gallery in entire Southeast Asia.

    Gravity stated, “We are delighted to officially launch Ragnarok V: Returns to all regions in Southeast Asia with this launch in Thailand, Indonesia and the Philippines. Building on the support from local users during the CBT in 2024, we have prepared a variety of events and look forward to your continued interest and participation”.

    [Gravity Official Website]
    http://www.gravity.co.kr

    [Gravity Game Tech Official Website]
    https://gravity.co.th

    [Ragnarok V: Returns Google Play Download Page]

    https://ragnarokvreturns.go.link/dX1TQ

    [Ragnarok V: Returns Apple App Store Download Page]

    https://ragnarokvreturns.go.link/dX1TQ

    [Ragnarok V: Returns Huawei App Gallery Download Page]

    https://appgallery.cloud.huawei.com/ag/n/orderappdetail/C110273477

    [Ragnarok V: Returns Official Website]

    https://www.rov-sea.com/

    [Ragnarok V: Returns Official Facebook Page]

    https://www.facebook.com/ROVreturns

    [Ragnarok V: Returns Official Thai Facebook Page]

    https://www.facebook.com/RagnarokV.TH

    [Ragnarok V: Returns Official Discord Community]

    https://discord.com/invite/bJZKdP8ARy

    About GRAVITY Co., Ltd. —————————————————

    Gravity is a developer and publisher of online and mobile games. Gravity’s principal product, Ragnarok Online, is a popular online game in many markets, including Japan and Taiwan, and is currently commercially offered in 91 regions. For more information about Gravity, please visit http://www.gravity.co.kr.

    Contact:

    Mr. Heung Gon Kim
    Chief Financial Officer
    Gravity Co., Ltd.
    Email: kheung@gravity.co.kr

    Ms. Jin Lee
    Ms. Yujin Oh
    IR Unit
    Gravity Co., Ltd.
    Email: ir@gravity.co.kr
    Telephone: +82-2-2132-7801

    The MIL Network –

  • MIL-OSI Africa: Cabinet welcomes strengthened ties between SA and Japan

    Source: South Africa News Agency

    Cabinet has expressed its support for the strengthened relationship between South Africa and Japan following Deputy President Paul Mashatile’s working visit to Japan earlier this month. 

    The visit, held from 17 to 19 March 2025, aimed to enhance cooperation between the two countries in areas of mutual interest.

    “Engagements were also held with the Japan International Cooperation Agency to explore areas of economic collaboration, the Association for African Economic Development in Japan to discuss trade and investment opportunities, and the Japan Organisation for Metals and Energy Security to highlight investment opportunities in the mining sector,” said the Minister in the Presidency Khumbudzo Ntshavheni.

    She was addressing the media during at a post-Cabinet media briefing in Pretoria on Thursday. 

    SAnews reported that Deputy President Mashatile successfully concluded his working visit to Japan last week. 

    The two nations commemorated 115 years of strong diplomatic relations, with 2025 marking a significant milestone as both countries chair key multilateral organisations.

    South Africa currently holds the Presidency of the Group of 20 (G20), while Japan will lead the Ninth Tokyo International Conference on African Development (TICAD-9) Summit in August this year.  

    During the working visit, Mashatile met with Japanese government officials, including a courtesy call to Prime Minister Ishiba Shigeru and Chief Cabinet Secretary Yoshimasa Hayashi.

    The country’s second-in-command also met with the Japan-African Union Parliamentary Friendship League to strengthen bilateral relations and parliamentary cooperation between South Africa and Japan.

    During these engagements, the Deputy President highlighted South Africa’s favourable business environment, skilled workforce, and strategic location, making it an attractive destination for Japanese investment. 

    The Deputy President expressed his appreciation for Japan’s support of South Africa’s Presidency of the G20, stating that he looks forward to collaborating with Japan to ensure the TICAD-9 Summit is successful. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Submissions: Australia – Newly arrived communities hit harder by cost of living pressure – study – AMES

    Source: AMES

    Emerging refugee and migrant communities in Australia appear to be suffering greater cost of living stress than the broader community, a survey of community leaders has found.

    A focus group of 34 community leaders in 21 key cohort migrant and refugee groups report high levels of cost of living stress in their communities.

    In more than half of the communities, 15, the stress members face is higher than in the general community.

    The worst hit communities are members of the African, Afghan and Myanmar communities.

    Refugee communities generally are being impacted more negatively than migrant communities.

    But a counter narrative also emerged from the survey of community members using their resilience and entrepreneurialism to augment their incomes and support their communities.

    The survey also suggests cost of living pressure is having a negative impact of family violence.

    Migrant and refugee settlement agency AMES Australia has recruited a group of community embedded leaders from key newly arrived migrant and/or refugee communities to provide key insights into how issues and policy developments affect their lives.

    Eighteen of twenty-one communities surveyed in the study reported that the impact of cost of living rises was worse in their communities than in the broader community.

    Migrant communities were less like to be impacted than refugee communities and the worst affected were African, Afghan and Myanmar communities. Largely skilled migrant communities from China, India, Vietnam, Korea and Malaysia reported the level of stress was no worse than across the broader community.

    Rents, mortgages, food and utilities were cited by most communities as the areas that have seen the largest cost rises.

    Some of the worst impacted communities reported that the difficulties had brought members closer together in offering support to struggling community members.

    Eighteen of the communities reported that despite the cost of living challenges, they were still happy with life in Australia.

    Just three communities, those from Congo, Ethiopia and Eritrea, reported that they were only ‘partly’ happy with life in Australia.

    Syrian community leader ‘Norma’ said the most recently arrived members of her community were having the most difficulty.

    “Newly arrived people are having the worst time. They struggle to find a house because of the housing shortage and the fact they have no local references or rental history,” she said.

    “And even when they find a house, the rent has usually been increased significantly since the last tenant moved out,” Norma said.  

    But she said that the crisis had seen community members come together to support each other, sharing food and resources and providing emotional support.

    “Everyone is aware that some people are having hard time and so we are trying to help those in need,” she said.

    South Sudanese community leader ‘Elizabeth’ extended families and groups of friends were coming together to help each other.

    “People are reaching out and helping each through things like bulk buying food, sharing vehicles and looking after families that are particularly vulnerable.”

    “Across the community there is a lot of support for people who need it and everyone who is able to, is pitching in to help others.”

    But she said one negative effect was a rise in family violence.

    “This stress on families is sometimes ending badly with more domestic violence.”

    AMES Australia CEO Cath Scarth said the survey strongly suggested newly arrived refugee and migrant communities are more vulnerable to cost of living rises than the general community.

    “The survey also identifies areas where support for people struggling with the cost of living could make a difference,” Ms Scarth said.

    “Firstly, there is a need for more in-language information for communities about how to access the support that is available in the community and also emergency support.

    “And maybe we need to ramp up community capacity building so that these communities are better placed to help their own members,” she said.

    MIL OSI – Submitted News –

  • MIL-OSI Economics: Samsung’s New Bespoke AI Laundry With AI Home Enables Smarter, More Efficient Laundry Care

    Source: Samsung

    Samsung Electronics today announced the launch of its new washers and dryer products — the Bespoke AI Laundry with AI Home1 — that integrate screens and Bespoke design to elevate the user experience. The Bespoke washers and dryers come in various forms of size and heating methods to meet a wide range of customer needs across diverse regions. The pair is available in both large and small capacities, making them suitable for different types of family and living arrangements. Samsung is also launching the dryer with two types of heating methods — the vent and the heat pump — to meet the needs of various environments around the world.
     
    This year’s Bespoke AI Laundry products incorporate the 7” AI Home screens, extending Samsung’s “Screens Everywhere” vision that was first presented at CES 2025. These screens offer intuitive control and monitoring of essential information related to the laundry experience, such as wash cycles and remaining detergent levels. They also remember user habits and consider periodic and seasonal needs, suggesting appropriate cycles to free users from having to consider the right cycle every time. The AI Home also functions as a central hub allowing users to monitor and control connected appliances, while also enjoying online videos or music.
     
    “Last year’s launch of the Bespoke AI Laundry Combo marked the beginning of integrating screens into our products, providing users access to essential information about laundry and home control,” says Jeong Seung Moon, EVP and Head of the R&D Team for Digital Appliances Business at Samsung Electronics. “This year, we are excited to unveil the complete Bespoke AI Laundry lineup, which caters to a wider range of customer needs and enables them to take advantage of these convenient screens.”
     
    The Bespoke AI Washer & Dryer sets are designed to simplify laundry routines with advanced AI algorithms and sensors, optimizing washing and drying performance while enhancing energy efficiency. The original AI Wash and AI Dry are upgraded to AI Wash+ and AI Dry+, with enhanced fabric detection abilities to ensure efficient and high-quality washing and drying for a wider variety of fabric types.
     
     
    27-Inch Wide Large Capacity Washer & Dryer Set Brings Extensive Laundry Capabilities

     
    Samsung is introducing a 27-inch large capacity washer and dryer set,2 with each device featuring the 7” AI Home and utilizing a sleek Bespoke design based on a fully unified flat-panel aesthetic. In addition to the flexibility of vertical or horizontal installation layouts, the substantial capacity allows users to wash large items, like king-size comforters, with ease.
     
    The washer now features the upgraded AI Wash+, which has been upgraded to newly detect outdoor fabrics and denim.3 Based on the detected fabric type, soil level and weight of the laundry, the AI Wash+ cycle efficiently4 cleans clothes by automatically adjusting detergent levels, rinsing time and wash settings. The washer also features a Bedding cycle that can sense the thickness of the blankets and adjust the cycle time and water usage accordingly.5 Users can also experience next-level convenience with features like Auto Open Door and Speed Shot technology which completes wash cycles in just 30 minutes.6

     
    The matching large capacity dryer is launching in two types to meet living environments of different regions – the vent type in certain countries in the Americas, and a heat pump type in other regions. Users will be able to enjoy thorough and gentle drying with AI Dry+, which has been upgraded to detect fabric types and take them into account to optimize drying7 along with real-time temperature, weight8 and moisture content. The upgraded feature’s AI algorithm uses an advanced sensor that carefully monitor various factors to detect four fabric types,9 which results in benefits like heavy duty drying such as denim. Previously, denim was harder to dry evenly due to thicker sections like pockets, but the dryer can now detect this fabric to and reduce drying inconsistencies, delivering better performance.

     
    The dryers also provide the Bedding feature, which also uses an advanced algorithm to detect a blanket’s size for optimized drying times and dryness.10 For those times when drying needs to be finished quickly, the vent type’s Super Speed Drying can complete a drying cycle in as little as 30 minutes.11

     
    Along with the washer and dryer set, a large capacity washer-dryer combo model12 is also being launched for users looking for a compact, all-in-one device that can complete both jobs while using up limited space. The combo incorporates the AI Home, AI Wash+ and AI Ecobubble like the washer, and dries the clothing through a condensing method.
     

    24-Inch Wide Small Capacity Washer & Dryer Set Boosts Laundry Efficiency

     
    Following the unveiling of the Bespoke AI Washer at IFA 2024, the 24-inch small capacity washer & dryer set will be launching in Europe later this year. Like the large capacity washer and dryer, the small capacity set also incorporates the 7” AI Home, providing intuitive control and connectivity features for a wider audience.
     
    The washer, built to be highly efficient to meet the needs of the European market, consumes up to 55% less energy than the minimum efficiency requirements for a Class A rating.13 It also supports thorough14 cleaning optimizing water and detergent use with AI Wash, and ensures gentle washing while improving soil removal with AI Ecobubble . QuickDrive , available with 11 different cycles, can reduce wash time by up to 50%15 without compromising cleaning performance.

     
    The matching dryer features the AI Dry+, capable of drying precisely by detecting four fabric types16 — Normal, Denim, Towels and Synthetics. This enables the machine to dry precisely17 while reducing energy use by up to 10% and drying time by up to 15%.18 QuickDrive is also useful when users need to dry their laundry both quickly and gently, reducing drying time by up to 35%19 through automatic adjustments of the inverter compressor.
     
    With the launch of these new products, Samsung continues to push the boundaries of innovation, offering highly intelligent, efficient and aesthetically pleasing appliances that simplify everyday life by delivering enhanced convenience to users.

     
     
    1 You will need a Samsung account to access AI Home, our network-based service that includes apps and our other smart features available through your device. Does not mean all services available on the AI Home are AI or generate information or outcome using AI. Certain functions accessible through the AI Home utilize AI-based algorithms, which be updated periodically to improve accuracy. AI-based algorithms may generate incomplete or incorrect information.2 Washer is 18.5kg~26kg capacity, and Dryer 17kg~24kg capacity depending on the region of launch.3 Based on an advanced AI-created algorithm. It may not detect certain fabrics or accurately identify them when a load includes a mixture of different fabric types. To prevent wear, wash like fabrics together.4 Based on an AI-created algorithm and internal testing using the AI Wash+ on a 3kg load. A turbidity sensor operates for all weights, while fabric sensing operates for 3kg and under. Actual results may vary depending on individual use.5 Washes dry blankets weighing up to 4 kg.6 Applicable on a Cotton wash course. Based on internal testing using a Normal course at 40°C with a DOE 3kg load. Results may vary depending on the actual usage conditions.7 Based on an AI-created algorithm. Actual results may vary depending on individual use.8 Applies to Heat Pump type only.9 The types of detectable fabric are Normal, Heavy Duty, Synthetics, and Delicates for Vent Type, and Normal, Towel, Denim, Delicates for Heat Pump models.10 The Bedding drying cycle can dry up to 4 kg of dry comforters.11 Tested on the Samsung DV90F with a DOE (Cotton 50% + Polyester 50%) 8lb load. RMC (Remaining Moisture Content) under 48%, 24℃±2℃, RH (Relative Humidity) 50% ±10%.12 Launched in select countries in South East Asia, Middle East, Africa and China (Taiwan)13 Based on Samsung internal testing. The energy consumption of this 11KG model is 21.8kWh / 100 cycles, which is 55% more energy efficient compared to the minimum threshold of energy efficiency class A (52kWh / 100 cycles for 11KG models). Energy ratings tested with Eco 40-60 program, 55% savings tested with Eco 40-60 program.14 Based on an AI-created algorithm. Actual results may vary depending on individual use.15 Based on internal testing (in accordance with IEC 60456-2010) of the WF90/24 cycles with the QuickDrive option compared to cycles without the QuickDrive option. Result: Wash time reduced by 13.2%-50.8%. Results may vary depending on the actual usage conditions. This may increase energy usage.16 Based on an advanced AI algorithm, utilizing weight, moisture content and drying temperature data, it can detect four types of fabric: normal, denim, towel and synthetics.17 Based on an AI-created algorithm. Actual results may vary depending on individual use.18 Based on internal testing (synthetic 2kg load) of the DV90F/24 using AI Dry+ compared to DV5000D using Eco cotton.19 Based on internal testing on the DV90F/24 model, Comparison of drying time for IEC cotton 9kg load drying under Eco cotton + QuickDrive On / Off conditions. Result: Drying time reduced by 35%. Results may vary depending on the actual usage conditions. Using QuickDrive may increase your energy usage.

    MIL OSI Economics –

  • MIL-OSI Economics: From Farm to Table: Horticulture Development and Food Security in Uzbekistan

    Source: Asia Development Bank

    Transcript

    Makhtob Odilova, Horticulture entrepreneur

    For many this is just a field, but for me it is the story of my life.

    Bukhara region, Uzbekistan.

    Makhtob Odilova, Horticulture entrepreneur

    I started business in agriculture, because the population is growing, and demand for tomatoes and cucumbers is also increasing. Before there were no tomatoes and cucumbers in our district.

    Entrepreneurship motivates people to do new things. I studied the opportunities in Bukhara and decided to start a greenhouse business.

    Makhtob was able to grow her business with the help of ADB. The project extended $154 million to horticulture entrepreneurs, channeled through local banks.

    It helped to finance and train entrepreneurs like Makhtob in areas like climate-smart agriculture, business planning, and market expansion.  

    ADB-financed Horticulture Value Chain Development Project (2017-2023) provided 359 subloans: 220 subloans for production of modern greenhouse complexes (195) and intensive gardens (25); and 139 subloans for storage improvement (83), processing (45), taro-packaging of fruit and vegetable products (4), and agricultural machinery purchase (7).

    Makhtob Odilova, Horticulture entrepreneur

    In 2020, during the pandemic, we took another $1 million loan so that our work would not stop. Using this loan we built a new greenhouse in Kagan district.

    Geographical distribution of subloans: Andijan (3.1%), Bukhara (17.0%), Djizzak (4.2%), Fergana (7.8%), Kashkadarya (6.6%), Republic of Karakalpakstan (1.2%), Khorezm (5.8%), Namangan (4.4%), Navoi (4.1%), Samarkand (10.7%), Sirdarya (13.5%), Surkhandarya (6.6%), Tashkent (15.0%). Participating banks: Asaka Bank, Davr Bank, Hamkorbank, Ipoteka Bank, Ipak Yuli Bank, NBU, SQB, Turon Bank.

    Makhtob Odilova, Horticulture entrepreneur

    When we planted in the soil, the yield was very low. After we switched to hydroponics, the yield significantly increased. In 2020-2023, we delivered to our population and exported about 600 tons of tomato.

    Horticultural exports increased from $6oo million in 2015 to $1.15 billion in 2022. Export volume in 2022: 648,483 tons of vegetables, 318,900 tons of grapes, 305,479 tons of fruits, 136,600 tons of melons.

    To help bring food from farm to table, ADB also supported the country’s largest modern grocery retail company, Korzinka. $12 million loan helped the company build its inventory buffers for food and pay suppliers at the height of the COVID-19 pandemic.

    Kanokpan Lao-Araya, ADB Country Director for Uzbekistan

    ADB is happy to help boost food production and strengthen supply chains in Uzbekistan. This will not only help ensure food security, but will also create and preserve jobs, particularly for women and those in rural areas who depend on agriculture for their livelihoods.

    Makhtob Odilova, Horticulture entrepreneur

    My advice to women is to never be afraid of hard work. A woman should be a risk taker. Any woman can handle large business. Just believe.

    MIL OSI Economics –