SINGAPORE, March 18, 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 its plan to form an AI-focused investment fund in collaboration with ARC Group, a leading global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the first of a series of initiatives in CURRENC’s strategic AI investment blueprint, CURR-ARC AI Fund 1 aims to raise up to $100 million and will invest in AI data center (AIDC), green energy, and computing power development, driving AI innovation and digital transformation globally.
The Fund’s general partner is CURR-ARC GP Limited, a joint venture company owned 80% by CURRENC and 20% by ARC Group.
The investment focus of the Fund will be as follows: 1. Approximately 80% of the Fund will be dedicated to global investments in AI computing power and green energy infrastructure projects, including the first phase of CURRENC’s planned 500MW hyperscale AIDC in Malaysia. 2. Approximately 20% of the Fund will target emerging enterprises in the fields of AI ecosystems, fintech, and AI-driven solutions.
The Fund will benefit from the leadership of a seasoned team of technology and finance experts, as well as experienced asset managers and AIDC operators. Together, they will execute the Fund’s investment strategy.
“The CURR-ARC AI Fund 1 is a transformative initiative in our strategy to create a robust, sustainable ecosystem that spans AIDCs, green energy, fintech, and AI-driven solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “It will allow us to support both established leaders and emerging disruptors across industries, simultaneously fueling innovation in AI and sustainable technology. We’re confident that this investment will enable us to harness AI’s full potential and propel the digital transformation globally, creating substantial value for our stakeholders and society as a whole.”
Abraham Cinta, CEO of ARC Group, added, “We are thrilled to partner with CURRENC Group to advance our shared vision for the future of global industries. With our combined expertise in technology and finance, we are well-positioned to shape the next generation of AI innovations, green energy infrastructure, and scalable computing solutions that will drive sustainable global development.”
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 tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges 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.
About ARC Group ARC Group is a globally based investment bank and management consultancy firm, specializing in bridging Asia and the West. Our services encompass a full spectrum of financial solutions, including IPOs, M&A, financing, venture capital, and SPACs. ARC Group also includes an independent consulting division dedicated to addressing the unique challenges faced by companies operating across both Asian and Western markets. Headquartered in Hong Kong, with offices across Mainland China, the USA, Malaysia, Indonesia, Vietnam, India, Sweden, and the UAE, we are well-positioned to provide cross-border financial and advisory services.
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
LOS ANGELES, March 18, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), (“the Bank”), an independent commercial bank, today announced that the Bank has received regulatory approval to continue its shareholder-approved $150 million stock Repurchase Plan, (“the Plan”). Thus far in the Plan, the Bank has repurchased $84.3 million of its common stock during 2023 and 2024, however regulatory approval expired in January of 2025. As a state, non-member Bank that issues its common stock at the bank level (no holding company), Preferred Bank is required to seek regulatory approval to engage in transactions that either increase or decrease capital. The shareholder and regulatory approvals to repurchase the remaining $65.7 million of common stock will expire in May of 2025.
During this repurchase program, the Bank has repurchased 1.3 million shares at an average price of $63.94 per share. Stock repurchases under this Plan will be made in the open market.
About Preferred Bank
Preferred Bank is one of the larger independent commercial banks headquartered in California. The Bank is chartered by the State of California, and its deposits are insured by the Federal Deposit Insurance Corporation, or FDIC, to the maximum extent permitted by law. The Bank conducts its banking business from its main office in Los Angeles, California, and through twelve full-service branch banking offices in California (Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine (2), Diamond Bar, Pico Rivera, Tarzana and San Francisco (2)). The Bank also operates a branch in Flushing, New York and in the Houston suburb of Sugar Land, Texas as well as a Loan Production Office in Sunnyvale, California. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers. The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia.
AT THE COMPANY: Edward J. Czajka Executive Vice President Chief Financial Officer (213) 891-1188
AT FINANCIAL PROFILES: Jeffrey Haas General Information (310) 622-8240 PFBC@finprofiles.com
Collaboration with Five Insurance Agencies to Pilot Upgraded AI-Powered Software
SINGAPORE and SAN DIEGO, March 18, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, announced today the official launch of the latest upgraded version of Helport AI Insurance Edition, an AI-powered solution designed specifically for the insurance sector.
Helport AI has been serving insurance providers for years, offering AI-driven tools designed to optimize customer interactions, streamline claims processes, and enhance policy management. Building on this experience, the enhanced Insurance Edition software introduces new capabilities tailored for broader adoption across the U.S. market.
As a key milestone for the Company, Helport AI has secured partnerships with five independently owned U.S. insurance agencies, all operating under a nationally recognized, top ten-ranked insurance franchise, to pilot the solution. The AI-powered platform is designed to improve policy recommendations, enhance operational efficiency, and provide real-time compliance monitoring—ultimately aiming to transform how insurance agencies interact with customers.
Advancing AI Adoption in the Insurance Industry
The insurance sector presents unique challenges, due to its complex regulatory requirements, broad product offerings, and reliance on expertise-driven decision-making. Traditional training models often lead to inconsistencies in service quality and extended onboarding times for new agents.
Helport AI Insurance Edition, which initially targeted home and auto insurance sales, seeks to address these challenges by offering a series of capabilities that include:
AI-driven expertise: Industry-trained AI assists with policy analysis, risk assessment, claims consultation, and compliance interpretation, providing agents a tool to operate with expert-level knowledge.
Smart marketing and personalized recommendations: AI-powered analytics enhances customer profiling and product recommendations, helping improve conversion rates while adapting to client needs.
Real-time compliance and risk management: The platform assists with regulatory compliance by offering full-process oversight, which is expected to reduce human errors and strengthen trust between insurers and clients.
Data-driven business optimization: AI continuously analyzes customer conversations, feedback, and market trends, offering actionable insights to improve operational efficiency.
Building on Our Track Record in Insurance AI
With deployments across both Asian and U.S. insurance markets, Helport AI continues to expand AI adoption in the financial services sector. The upgraded Insurance Edition represents a significant leap forward, as agencies increasingly turn to AI to improve efficiency, enhance customer experiences, and streamline compliance processes.
“The insurance industry has long relied on experience-based decision-making, but AI is now reshaping the landscape,” said Guanghai Li, CEO of Helport AI. “With our enhanced Helport AI Insurance Edition, we aim to equip insurance professionals with AI-powered expertise that improves service quality, drives sales, and simplifies compliance. With the launch of the new Insurance Edition, we hope to bring a new wave of AI-driven transformation.”
Expanding AI Across Industries
Beyond insurance, Helport AI has deployed industry-specific AI solutions across Business Process Outsourcing (“BPO”) call centers, consumer financing and debt collection, mortgage lending, and government services. With a foundation in sector-specific AI models, the Company is actively exploring future applications in healthcare, human resources and recruitment, and real estate.
AI-Powered Transformation for the Insurance Industry
The launch of the enhanced Helport AI Insurance Edition is anticipated to further strengthen Helport AI’s position in AI innovation within the insurance sector. By leveraging its AI technologies, the Company expects to continue to reshape how insurers operate, helping them make data-driven decisions, automate complex processes, and elevate customer interactions.
About Helport AI
Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, Helport AI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on Helport AI’s current expectations and projections about future events that Helport AI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. Helport AI 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 Helport AI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and Helport AI 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 Helport AI’s registration statement and other filings with the U.S. Securities and Exchange Commission.
SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) — Primech AI Pte. Ltd. (“Primech AI” or the “Company”), a subsidiary of Primech Holdings Limited (Nasdaq: PMEC), today announced the launch of its latest innovation, the Hytron Lite autonomous bathroom cleaning robot. This compact version of the successful Hytron robot is specifically engineered for smaller spaces while maintaining the advanced technological capabilities of its predecessor.
The new Hytron Lite, featuring the powerful NVIDIA Jetson Orin Nano Super System-on-Module (SoM), represents a significant advancement in Primech AI’s mission to revolutionize the cleaning industry. At 30% smaller than the original Hytron, this compact model is specifically designed to address the unique challenges of urban environments where space is at a premium.
[Images: Two Hytron robots featuring white and red design elements positioned side by side, showcasing the size difference between the original Hytron and the new Hytron Lite model. Both robots display articulated cleaning arms covered in white protective material.]
“In developing the Hytron Lite, we drew inspiration from successful compact versions of popular technology products, similar to how Apple approached the iPhone SE,” said Charles Ng, Chief Operating Officer of Primech AI. “Our goal was to bring the same powerful cleaning capabilities to smaller spaces without compromising performance or technological sophistication.”
The Hytron Lite leverages the same cutting-edge NVIDIA technology suite as its larger counterpart. At its core, the robot is powered by the NVIDIA Jetson Orin Nano Super, delivering enhanced AI processing and efficiency for optimal performance. This is complemented by the CUDA parallel computing platform, which easily handles complex computational tasks, while the CuDNN deep learning neural network library enables sophisticated decision-making capabilities. The system’s performance is further optimized through TensorRT for neural network deployment, with the NVIDIA Driver ensuring seamless integration across all components.
Despite its reduced size, the Hytron Lite retains all the advanced features that made its predecessor successful. The robot employs sophisticated smart navigation and environmental sensing systems, operating with remarkable energy efficiency while enabling comprehensive remote monitoring capabilities. Its innovative design incorporates contact-based and contactless cleaning technology and enhanced 3D space cleaning capabilities, ensuring thorough sanitization of all surfaces. The addition of an interactive display interface provides intuitive user engagement and real-time status updates.
The compact design of the Hytron Lite makes it an ideal solution for a wide range of urban environments. The robot excels in small public restrooms within shopping malls and easily navigates narrow bathroom facilities in office buildings. Its versatility extends to compact washrooms in hotels and restaurants, while its efficient operation proves particularly valuable in space-constrained transportation hubs. The adaptable design also makes it well-suited for educational institutions with varied facility sizes, ensuring effective cleaning solutions across different spatial configurations.
“The introduction of the Hytron Lite demonstrates our commitment to innovation and adaptability in the cleaning industry,” added Mr. Ng. “By maintaining the same powerful NVIDIA technology in a more compact form factor, we’re ensuring that even the smallest facilities can benefit from our autonomous cleaning solutions.”
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, visitwww.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.
Derby City Council is excited to announce the first lineup of traders set to move into the revitalised Derby Market Hall, marking another milestone in the transformation of the historic Grade II-listed building.
Following a £35.1m restoration, the Market Hall will reopen its doors to the public on Saturday 24 May, marking a new era for Derby’s independent shopping, dining, and entertainment scene.
A curated mix of traditional and contemporary traders will be in place when the Market Hall reopens its doors, creating a vibrant hub in the heart of the city and blending the Market Hall’s rich history with a modern experience.
A legacy continues:
Amongst the first confirmed traders is one that has traded throughout the refurbishment works – Bailey’s Fishmongers. Derby’s last remaining fishmonger has been a trader in the Market Hall for 65 years and will continue to operate in their current location in the lock-up yard area. As a family-run business with over 100 years of experience, Bailey’s Fishmongers was originally founded by Stuart Bailey’s father, with Stuart working in the trade for more than 64 years. Fresh fish and seafood products will be on offer for customers and businesses alike.
A world of local and international flavours:
Bringing a taste of Italy to Derby Market Hall, Caffé Prosecco is set to offer an elegant and modern take on Italian hospitality. Born out of a collection of award-winning bars, including venues that have claimed the Derby Food & Drink Award three years in a row, Caffé Prosecco is renowned for its service and premium selection of drinks. Offering a wide range of Proseccos and fine wines, the independent café promises a refined yet relaxed experience where customers can enjoy freshly brewed coffee, freshly baked croissants, indulgent cakes, and a selection of Pinchos and Cicchettis (traditionally enjoyed in Spanish and Italian bars). Gluten-free and alcohol-free options will also be available.
Locally sourced produce will be at the heart of the revitalised Market Hall, with Derbyshire’s Own, run by Derby Uncovered CIC, set to champion the best of Derby and Derbyshire’s history and heritage. With a sole mission to provide residents and visitors with a wide and varied selection of groceries sourced exclusively from suppliers in Derby and Derbyshire, Derbyshire’s Own will support the local economy whilst promoting sustainability. Customers will also enjoy a wide range of locally produced food and drink.
Bold international flavours will be offered by Colombo Street, a multi-award-winning street food vendor offering visitors an authentic taste of Sri Lankan cuisine. Holding prestigious awards such as Sri Lankan Restaurant of the Year at the Nation’s Curry Awards 2024, the National Asian Food Awards 2023, and more, they are set to offer their signature Kottu dishes alongside a selection of flavourful Sri Lankan specialities.
Nico’s Gelato & Coffee is set to bring a taste of Italy to Derby. The Derby-based business will offer artisan gelato, hot drinks, and Italian pastries to residents and visitors. The business was founded by Nico, who began making gelato after moving from Italy to Derby, inspired by his memories of Italian summers. After over a decade of creating the perfect gelato recipes, Nico now sells gelato across the city.
Sustainably fashion forward:
With over 10 years of experience, vintage fashion trader Mardy Ducks will offer a selection of handpicked, on-trend, and affordable vintage clothing, including brands such as Carhartt, Ralph Lauren, Patagonia, and The North Face. At the heart of the brand’s mission is to extend the life cycle of clothing, reduce waste, and promote sustainability.
Also joining the fashion offer will be The Oddities Store (TOS), an award-winning luxury fashion brand. TOS specialise in made-to-order collections and deconstructed fashion pieces, transforming second-hand luxury materials into one-of-a-kind designs. As a Black-owned business, TOS uses its Afrocentric influences to blend timeless elegance with contemporary design, carefully handcrafting each individual garment.
Councillor Nadine Peatfield, Leader of Derby City Council and Cabinet Member for City Centre, Regeneration, Strategy and Policy, said:
I am incredibly excited to announce the first traders who will be moving into Derby Market Hall when it reopens its doors on Saturday 24 May. From international street food to sustainable fashion, the new –and old- traders each have something truly special to offer to every resident and visitor.
I am particularly excited to welcome the public into the revitalised Market Hall at a time when we are entering a new era for Derby’s independent shopping, dining, and entertainment scene. I am certain that the carefully curated set of traders will be met with much anticipation and will be a massive success for the Market Hall’s incredible offer.
Located at the heart of the city centre, linking Derbion and St Peter’s Quarter with the Cathedral Quarter and Becketwell, the redeveloped Market Hall will play a key role in widening the diversity of the city centre and is expected to generate £3.64m for the local economy every year.
More traders are set to be announced in the coming weeks.
SUNNYVALE, Calif., March 18, 2025 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the infrastructure software company for smart-world systems, will exhibit at Aerospace TechWeek 2025, held April 2-3 in Munich, Germany. At booth #K24, RTI will showcase Connext®, the proven software framework that powers secure, high-performance data exchange across avionics systems, unmanned platforms, and multi-domain defense networks. Schedule a meeting with the RTI team here.
As military aircraft and defense platforms advance, seamless connectivity, interoperability, and mission-critical reliability are more essential than ever. Designed with open architecture principles, Connext supports FACE™, MOSA, SOSA, and Multi-Domain Operations (MDO) requirements—enabling real-time situational awareness, AI-driven decision-making, and scalable connectivity for airborne operations.
In addition to the booth, RTI experts will present at the following speaking sessions:
Session 1:
Panel Discussion:“Advancing Military Air Traffic Management through Enhanced Connectivity” with EUROCAE
When: 11:55 AM, April 2 | Connectivity Track
Speaker: Thijs Brouwer, Senior Field Application Engineer, RTI
Session 2:
Presentation:Real-Time Mission Systems and Advanced Communications in Avionics
When: 2:00 PM, April 2 | Avionics Track
Speaker: Andre Odermatt, Principal Application Engineer, A&D, RTI
Event Details What: RTI at Aerospace TechWeek Europe 2025, Booth #K24 When: April 2-3, 2025 Where: MOC – Event Center Messe München, Munich, Germany
About RTI
Real-Time Innovations (RTI) is the infrastructure software company for smart-world systems. RTI Connext® is the world’s leading software framework for intelligent distributed systems. Uniquely, Connext users can build systems that combine advanced sensing, fast control, and AI algorithms.
With 2,000 customer designs, RTI excels at getting customers to production. RTI software runs over 300 autonomous vehicle programs, supports dozens of automotive ADAS and software-defined architectures, controls the largest power plants in North America, integrates over 500 major defense programs, drives a new generation of MedTech systems and robotics, and underlies Canada’s air traffic control and NASA’s launch control systems.
RTI runs a smarter world.
RTI is the market leader in products compliant with the Data Distribution Service (DDS™) standard. RTI is privately held and headquartered in Silicon Valley with regional offices in Colorado, Spain, and Singapore.
Download a free trial of the latest, fully-functional Connext software today: www.rti.com/downloads
New York, NY, March 18, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released update note on uCloudlink Group Inc. (NASDAQ: UCL). The update note includes information on uCloudlink Group Inc.’s financial results, management commentary, recent developments, outlook, risks, and our revised valuation estimates.
•UCL Announced Fourth Quarter and Fiscal Year 2024 Financial Results – uCloudlink reported total revenues of $26.0 million, up 19.5% year over year, compared to our estimate of $25.3 million. The increase was primarily due to a 60.9% YoY increase in product sales from an expanded product offering driven by the surging demand for the company’s data-related products. Overall gross margin was 43.0%, compared to 52.0% in Q4 2023. Total operating expenses grew from $12.1 million to $14.1 million, of which S&M expenses increased by 52.6% over the year as the company increased its investment in promotion and brand building in the B2C arena to gain exposure for its newly launched products. UCL’s net loss for Q4 2024 was $1.5 million, or $0.04 per basic and diluted ADS, compared to a net loss of $1.8 million, or $0.05 per basic and diluted ADS a year ago. For the fiscal year 2024, UCL continued its growth momentum with total revenues reaching $91.6 million, up 7.1% from $85.6 million in 2023, thanks to increased product sales as the company diversified its product offerings to meet market demand. Overall gross margin for 2024 was 48.4% vs. 49.0% in 2023, while total operating expenses increased from $37.9 million to $42.0 million, leading to a net income of $4.6 million, or $0.12 per basic and diluted ADS. UCL’s top-line growth was in line with our expectations. We see the company has the potential to continue this momentum by further diversifying its revenue streams through an expanded product range, while the increased investment in sales and marketing targets improved visibility and market share.
•PetPhone, eSIM TRIO, and Further Innovations – uCloudlink showcased its latest innovations in connectivity at MWC 2025, including PetPhone, eSIM TRIO, CloudSIM Kit, and HyperConn® mobile Wi-Fi hotspot, which represent huge market opportunities. PetPhone, which is considered the world’s first pet smartphone, enables pet communication through AI-powered live calls, advanced safety through 6-tech global positioning, and tracking through AI health monitoring to achieve interaction between pets and their owners. eSIM TRIO, combining OTA SIM, eSIM, and CloudSIM provides improved connectivity with global coverage. CloudSIM Kit is a plug-and-play IoT solution delivering connectivity for IoT and smart devices. HyperConn® mobile Wi-Fi hotspot (MeowGo G50 Max), backed by HyperConn® technology, offers connectivity across broadband, Wi-Fi, 4G, 5G, and satellite networks. We view these innovations targeting large markets as potentially unlocking new revenue streams for UCL and driving sales by expanding its user base and strengthening its market presence.
•Valuation Update – Our valuation for UCL remains $10.00, combining discounted cash flow and comparable company analysis, which is contingent on the company maintaining its successful execution.
About uCloudlink Group Inc.
uCloudlink operates as an innovative mobile technology company that offers the world’s first and leading mobile data traffic sharing marketplace to users globally, with aggregated mobile data allowances from over 391 MNOs (mobile network operator) globally. Leveraging its integral cloud SIM technology, it allows users to enjoy a smooth mobile connectivity experience without limitation to one MNO. uCloudlink was incorporated in 2014 and is headquartered in Hong Kong.
Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.
Diamond Equity Research LLC is being compensated by uCloudlink Group Inc. for producing research materials regarding uCloudlink Group Inc. and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for research engagement. As of 03/18/25 the issuer had paid us $140,000 for our research services, consisting of $20,000 for an initiation report and $15,000 for six update notes in the first year of coverage and $35,000 in the second, third and fourth year of coverage for update notes during the term, which commenced 06/01/2021 and is renewable annually. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has not paid us for non-research related services as of 03/18/2025. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities, including the complete loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for uCloudlink Group Inc. Please review the update report attached for the full disclosure page.
MIAMI, March 18, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of Richard “Ric” Clark to its Board of Directors, effective immediately. Mr. Clark will serve as Chair of the Company’s Compensation Committee and also join the Nominating and Corporate Governance Committee, bringing decades of executive leadership and corporate governance expertise to the Company.
Mr. Clark has nearly four decades of real estate, M&A and capital markets experience. He is founder of Burnside Investments, a private investment company, co-founder of WatermanClark, a real estate investment partnership, and a board member of public and private companies in industries including retail, sports and entertainment. Previously, he spent three decades at Brookfield Corp. and its predecessors, serving in various leadership roles, including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion and expanded globally across the property spectrum.
“We are delighted to welcome Ric to Captivision’s Board of Directors,” said Gary Garrabrant, Chairman and CEO of Captivision. “Ric brings an unparalleled experience building and leading one of the world’s largest and most respected real estate companies. His accomplishments as an entrepreneur are equally distinguished as well as his relationships with decision makers globally.”
Mr. Clark holds a Bachelor of Science from Indiana University of Pennsylvania.
About Captivision
Captivision is a pioneering manufacturer of media glass, combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.
Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.
Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”
These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.
AUSTIN, Texas, March 18, 2025 (GLOBE NEWSWIRE) — SEON, the leader in digital fraud prevention and compliance, today announced the appointments of Troy Nyi Nyi as SVP & GM, APAC, Adrian Jenkins as Head of Sales, EMEA, and Dan Webb as VP of Global Partnerships.
Troy brings two decades of expertise in financial services, payments and eCommerce, with a focus on data-driven fraud risk management and AML solutions. Prior to SEON, he served as Global Head of Commercial at BPC Banking Technologies, where he led its Enterprise Fraud Management product line. Previously, he led regional operations for trust & identity intelligence companies Forter and TeleSign.
Jenkins, an expert in scaling global SaaS revenue teams, was most recently Managing Director, Fintech at Fenergo and previously served as Chief Commercial Officer at Sentinels, where he drove 244% ARR growth. He has also held leadership roles at Arkose Labs.
A seasoned channel chief, Webb most recently served as Vice President of Global Channel Sales and Alliances at Expel, where he grew partner-sourced business from 9% to 47% of global bookings in four quarters, forming key alliances with Visa and Wiz. At Alert Logic, he pioneered ISV co-sell success with AWS, generating tens of millions in Marketplace revenue. Webb previously led EMEA strategic alliances at RSA Security, forging joint ventures, including a Fraud Prevention offering with Deloitte UK.
“With deep regional and global experience in scaling SaaS-based fintechs, Troy, Adrian and Dan will play a critical role in accelerating our expansion across key regions and markets,” said Matt DeLauro, President, GTM, SEON. “Their expertise in fraud and AML, combined with their impressive track records of growth, will be invaluable as we strengthen our presence worldwide and help more businesses fight fraud effectively.”
About SEON SEON helps top-tier risk teams detect and stop fraud. By combining real-time digital footprint analysis, device intelligence and AI-driven rules, SEON empowers over 5,000 businesses globally to prevent threats before they occur. SEON operates from Austin, London, Budapest and Singapore. Learn more at seon.io.
Singapore, March 18, 2025 (GLOBE NEWSWIRE) — Motion Ventures has unveiled its US$100 million second fund (Motion Ventures Fund II or “Fund II”) the largest maritime-focused tech fund to date.
“We launched Motion Ventures with the belief that maritime is entering a new era—one where technology, capital, and industry collaboration converge to redefine the sector’s trajectory. In recent years, we’ve seen digitalisation and decarbonisation shift from ideas to industry imperatives. Fund II goes beyond writing bigger checks; it’s about uniting the right founders, corporate leaders, and strategic allies to accelerate an industry-wide shift, ensuring that solutions can be tested, adopted, and scaled faster than ever before,” said Shaun Hon, Founder and General Partner of Motion Ventures.
Over the next 18–24 months, Fund II aims to deploy cheques of US$250,000 to US$10,000,000 into at least 25 companies, targeting solutions that digitise and decarbonise the global maritime supply chain.
The Motion Ventures team, investors and advisors.
By design, the new fund can now back startups developing more asset-intensive hardware solutions, recognising that maritime innovation demands solutions beyond software alone—an evolution spurred by growing corporate demand for deeper, faster progress in sustainability, vessel operations, and port modernisation.
To date, Motion Ventures has raised more than half of Fund II’s target with investments already deployed in OceanScore and Fernride. These developments cement Motion Ventures position as maritime’s most active investor, having done more than 30 investments across Fund I and Fund II, while expanding its industry consortium to 17 major maritime and supply chain stakeholders across both funds—the broadest partnership of its kind.
Fund II builds on the proven track record of Motion Ventures’ inaugural fund. Launched in 2021, Motion Ventures Fund I has already generated two profitable exits, placing the firm in the top 10% of 2021 vintage VC funds globally. The firm’s broader deal pipeline is underscored by a rigorous investment process, which has seen them evaluate more than 8,000 startups since its inception in 2021.
Nakul Malhotra, Vice President – Emerging Opportunities Portfolio at Wilhelmsen Group said: Being part of Motion Ventures’ journey from a concept into one of the most active maritime investors has been remarkable. We value industry collaboration and are impressed to see the dedication and focus they bring to the early-stage venture capital space for an industry that is hungry for innovative solutions with robust value propositions. With Fund II, they’re scaling that impact even further, and we’re proud to remain a cornerstone partner on this journey.”
Albrecht Grell, Managing Director of OceanScore said: “Maritime is the backbone of commerce, but it’s time to move faster and bolder, especially when building digital solutions in the compliance space. Shaun and the Motion Ventures team get that. Having them on our cap table has fast-tracked our expansion into new markets and helped to unlock access to a strategic network within the shipping community. With their support and deep sector expertise, we’re on track to building our global leadership in maritime compliance solutions.
Jan Holm, Advisor to Motion Ventures said: “The maritime industry is no stranger to complexity, but the challenges we face now—from lowering emissions to digitizing operations—require a new level of collaboration. By pairing ambitious founders with strategic backers, Fund II represents a crucial step forward: bringing together fresh solutions, both digital and hardware-based, and fast-tracking their path to scale. It’s a boost this industry has been waiting for.”
This consortium-driven approach is the cornerstone of Motion Ventures’ value creation. The Motion Ventures Alliance, a network of over 80 seasoned maritime executives, provides portfolio companies with expert mentorship, enterprise access, and swift pilot opportunities.
Looking ahead, Motion Ventures aims to be the catalyst that transforms global maritime supply chains, now backed by the largest dedicated fund in the sector’s history. The maritime digitisation market alone is projected to reach $423.4 billion by 2031, and mounting pressure from regulators and customers alike demands faster progress. Fund II will harness that momentum, uniting startups and industry leaders to deliver cleaner, more efficient operations and, ultimately, shape the future of maritime commerce.
About Motion Ventures Motion Ventures is a venture capital fund catalysing digital and energy transitions across global supply chains. Backed by a unique network of corporate leaders, industry executives, and government partners, we empower founders to navigate complexities and achieve unparalleled success. Our collaborative approach, engaging stakeholders across and beyond the maritime sector, drives transformative changes that reshape global supply chains. For more information please visit: https://www.motion.vc/
SINGAPORE, March 18, 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 plans to acquire 100 acres of land in Johor, Malaysia, to build a hyperscale Artificial Intelligence Data Center (AIDC).
Featuring a total planned capacity of 500MW, the 100-acre AIDC campus will be developed in phases. Phase 1, comprising 100MW, is targeted for completion and operation by the end of 2026. The campus will provide co-location and wholesale leasing solutions to hyperscalers, enterprise clients, and other data center users, catering to diverse needs and ensuring a robust tenant base. Upon completion, the facility is expected to be one of Southeast Asia’s largest AIDCs and will serve as a cornerstone in CURRENC’s strategy to accelerate financial institutions’ adoption of AI technology.
The Company is currently in discussions with anchor tenants. Construction of each phase of the facility will commence once the Company has secured long-term tenants to occupy a substantial portion of that phase’s planned capacity.
“This investment marks the beginning of a new chapter in CURRENC’s development, complementing our existing portfolio of AI tools for financial institutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “With open-source models such as DeepSeek and Qwen quickly reducing the cost of AI deployment and large language model training, AI is rapidly becoming a necessity to remain competitive in the financial industry, boosting global demand for AI technology and support. Our new AIDC will deliver unmatched computing power as well as the flexible, scalable infrastructure that financial institutions require to implement AI throughout their operations and thrive in the digital era. Bolstered by our AIDC, CURRENC’s comprehensive AI solutions will continue to lower entry barriers for financial institutions to adopt AI, empowering growth across the financial industry and leading the digital transformation in Southeast Asia and beyond.”
Johor, located approximately 20 kilometers north of Singapore, is rapidly emerging as Asia-Pacific’s fastest-growing data center hub. The region offers outstanding international data connectivity with direct fiber optic links to Singapore, reliable power infrastructure and attractive tax incentives for both operators and employees offered by the Malaysian government. These favorable conditions position Malaysia as a prime destination for data center operations, particularly catering to the burgeoning demand across the ASEAN region.
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 tools designed to reduce costs, increase efficiency and boost customer satisfaction for banks, insurance, telecommunications companies, government agencies, cryptocurrency exchanges 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.
Member of the Political Bureau of the Communist Party of China Central Committee and Foreign Minister Wang Yi will attend the 11th China-Japan-ROK Trilateral Foreign Ministers’ Meeting in Tokyo, Japan on March 22.
During his visit to Japan, Wang and Japanese Minister for Foreign Affairs Takeshi Iwaya will co-chair the Sixth China-Japan High-Level Economic Dialogue, foreign ministry spokesperson announced Tuesday.
Source: State University of Management – Official website of the State –
The award ceremony will take place at the Open Day at the Information Technology Center of the State University of Management on March 23, 2025. It will start at 12:00.
The All-Russian scientific and practical tournament “Hi-Tech Breakthrough” started in the fall and was held in three stages. Its results were summed up last week. 180 participants from Russia, Tunisia, Kazakhstan, Belarus, Mali, Afghanistan, Iran, the Philippines, Sudan, Israel, Uzbekistan, Tajikistan, Congo, Turkmenistan, India, Vietnam and other countries demonstrated their talents in marketing.
Based on the results of the final, foreign citizens who showed the best results were recommended for admission to the Master’s program “High-Tech Marketing” of the Institute of Marketing within the quota approved by the Government. This year it was 60 places.
The finalists of the Tournament among Russians will also receive a pleasant bonus – additional points await them when they enter the “High-Tech Marketing” program.
Congratulations to the winners, we wish them successful admission to the Master’s program and a great career in marketing! And we are waiting for everyone who wants to try their hand at the Tournament of the next season, which starts on November 1.
Subscribe to the tg channel “Our State University” Announcement date: 03/18/2025
Дне открытых дверей в Центре информационных технологий ГУУ 23 марта 2025 года. Начало в 12.00….” data-yashareImage=”https://guu.ru/wp-content/uploads/Хай-тек-прорыв-2024-1.jpg” data-yashareLink=”https://guu.ru/%d0%b3%d1%83%d1%83-%d0%bf%d1%80%d0%b8%d0%b3%d0%bb%d0%b0%d1%88%d0%b0%d0%b5%d1%82-%d0%bf%d0%be%d0%b1%d0%b5%d0%b4%d0%b8%d1%82%d0%b5%d0%bb%d0%b5%d0%b9-%d0%b8-%d0%bf%d1%80%d0%b8%d0%b7%d1%91%d1%80%d0%be/”>
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
As a young climate advocate, I have always believed that speaking up can change the world. That when we raise our voices for our planet, people will listen. That when we fight for a future where clean air and water are not privileges but rights, justice will be on our side. But this lawsuit against Greenpeace International and Greenpeace entities in the USA by Energy Transfer feels like a punch to the gut—a brutal reminder that those who destroy our home will stop at nothing to silence those who protect it.
This is not just a lawsuit. It is an attack on our future. A warning shot aimed at every single person who dares to challenge the greed that fuels the climate crisis. If they can go after Greenpeace with a $300 million lawsuit, what is stopping them from coming after me? Or you? Or the millions of young people who refuse to stand by as our future is stolen from us?
We are running out of time. The climate crisis is already here. It is in the super typhoons that rip through our homes, tearing apart walls and washing away entire neighborhoods. It is in the unbearable heat that suffocates our cities, turning streets into furnaces and claiming lives in deadly heat waves. It is in the rising seas swallowing entire communities, forcing families to abandon the lands their ancestors called home. It is in the devastating droughts that turn fertile lands into wastelands, leaving nothing but cracked earth and dying crops. It is in the raging wildfires that reduce forests to ash and choke the air with smoke.
Yet instead of holding polluters accountable, they are trying to silence those who fight to protect what little we have left.What kind of world does that leave us with? One where speaking the truth is punished? Where corporations decide who gets to thrive and who gets left behind? Where the next generation inherits nothing but disasters, displacement, and destruction?
I refuse to accept that. We refuse to accept that.
This case is not just about Greenpeace. It is about every young person who dreams of a future worth living in. It is about our right to fight for that future without fear. It is about ensuring that the voices of the youth are not drowned out by the wealth and power of those destroying our planet.
But let me be clear: we are not alone. We are millions, standing shoulder to shoulder, refusing to be silenced. They can try to intimidate us, but they cannot break us. And we will keep fighting—because we have no other choice. This is our home. This is our future. And we will defend it with everything we have.
We stand with Greenpeace. We stand with every environmental defender. We stand for justice, for truth, and for a world where young people are not punished for caring about the only planet we have.
To everyone reading this: Stand with us. Speak up. Take action—share this message, join the movement, and demand accountability. Our voices, our actions, and our solidarity are stronger than their fear tactics. The future belongs to those who refuse to be silenced. And we will not be silenced.
The fight is far from over. Stand with us, raise your voice, and make it clear: those who seek to silence us will never succeed. We will speak. We will fight. And we will win—because justice demands it, and the planet we call home is worth fighting for.
Source: Republic of South Africa (video statements-2)
Deputy President Paul Mashatile delivers a keynote address at the United Nations University under the theme “South Africa’s G20 Presidency: Solidarity, Equality, Sustainability – a Conversation with Japan.”
The Chief Executive has specified that the general election for the eighth-term Legislative Council will be held on December 7.
The Government said the announcement takes into consideration relevant electoral legislation and practice adopted in past elections.
The Election Committee Subsector By-elections, which must be held before the LegCo General Election, will take place on September 7.
The polling date for the general election will be published in the Government Gazette on March 21.
In addition to liaising closely with the Electoral Affairs Commission, the Government said it will prepare for the two polls in accordance with relevant electoral legislation and actual circumstances, to ensure that they are conducted smoothly in a fair, just, honest, safe and orderly manner.
Full details of the electoral arrangements will be announced later this year.
When Marlena Edmonson, a social worker and elementary school counselor from Indiana, considered running for political office, she thought she needed to be an expert in economics or political science if she wanted to throw her hat into the ring.
Joshua Levin ’25 (MSW), a student at the UConn School of Social Work, had toyed with the idea of running for office, but felt like he needed more information on how to actually run an effective campaign.
Also a student at UConn, Quinn Meehan ’26 (MSW) is passionate about making things like political social work, campaigning, and being involved in politics more accessible for those living with disabilities.
And Kashmir Flood, a Master of Social Work student at the Columbia University School of Social Work, sees herself incorporating political work and social work practice together in some way – whether by running for office herself or supporting candidates in the future.
For many of the 130 social workers and students who traveled to Hartford on the first weekend in March and spent two days in a chilly, windowless conference room at the Downtown Marriott hotel in Hartford, the idea of launching, running, or participating in a campaign for political office had seemed like a daunting task.
How do you get started?
Why are the rules so complicated?
And, if I run for office, will I really have to call people on the phone to ask them for money?
But travel they did, from 20 different states and the District of Columbia – some coming from as far as California, New Mexico, Iowa, and Arkansas – to take part in the 29th iteration of the Campaign School for Social Workers, presented by the Nancy A. Humphreys Institute for Political Social Work and to learn, step-by-step, the ins and outs of running a political campaign at any level of government.
Founded in 1995 by the late former UConn School of Social Work dean, Nancy A. Humphreys, her namesake institute works to increase the political participation and power of social workers and the communities they serve.
Since 1996, the Campaign School has trained thousands of social workers, students, and faculty from both the U.S. and abroad on what it’s like to get involved in politics as volunteers, staff, advocates, and candidates; to navigate systemic barriers; and to uphold the social work profession’s values and code of ethics while participating in the political process.
Charles Lewis, founder and director of the Congressional Research Institute for Social Work and Policy in Washington D.C.; Kimberly Hardy, second vice chair of the North Carolina Democratic Party and president of the Society for Spirituality and Social Work; Connecticut State Representative Cristin McCarthy Vahey; and Tanya Rhodes Smith, outgoing director of the Nancy A. Humphreys Institute for Political Social Work at UConn, speak at a panel during Humphreys Institute Campaign School, held on March 7 and 8, 2025. (Thomas Rettig/UConn Photo)
Despite the typical public perception of what social workers do, notes the Humphreys Institute’s outgoing director Tanya Rhodes Smith, social work was founded as a political profession and has always been committed to not only working with individuals, but also to working on solutions to the complex issues impacting the communities that they serve.
And a big part of that is, and always has been, the profession’s active and visible role in the political process.
“Democracy reflects the priorities of those who show up,” Rhodes Smith told the participants on the first day of this year’s Campaign School, “and hint: it’s a small group of people. So, it matters who votes, who holds office, who works on campaigns, and who donates money.”
The skills that make someone a great social worker, Rhodes Smith explained, also make someone a great candidate, and learning how to take part in politics and campaigning is as much about developing leadership skills as it is figuring out financing rules and putting out yard signs.
She also warned that Day One of campaign school would be “like drinking out of a firehose.”
“But we’re going to teach you to live your life as a candidate, so that you will be ready when you decide or are asked to run or serve by others,” Rhodes Smith said.
Have a Plan. Write it Down.
“Close your eyes,” ordered Kate Coyne-McCoy, the person who’s been holding that proverbial firehose at nearly every Campaign School.
“Imagine you’re back in grade school, and you take the bus to your friend Susie’s house, and you go in, and you call your mother, and you say, ‘Mom, I’m at Susie’s and I just invited myself to dinner.’ If you’re like my mother, there’s an audible gasp. You don’t invite yourself to dinner,” Coyne-McCoy continued.
“Now, open your eyes. It’s 2025. You’re not just going to invite yourself to dinner. When you get there, you’re going to ask for money.”
Coyne-McCoy is a social worker who has trained more than 9,000 individuals to run for elected office, is a former Congressional candidate herself, and served as the chief trainer for the Harvard Square to the Oval Office program at Harvard University’s Kennedy School.
And fundraising, she told the participants, is the barrier to most candidacies – the thing you don’t want to do more than anything.
“You cannot get elected to anything if you don’t have the money to communicate with the people you need to,” Coyne-McCoy said. “I know that 90 percent of you are sitting here saying, ‘Nope.’ You can – you all can. But are you willing to do it?”
Though this year marked Coyne-McCoy’s final Campaign School training, she didn’t try to ease the water pressure from her firehose of information. Day One was a nonstop onslaught starting with becoming a candidate, ending with volunteer recruitment, and covering everything in between.
The depth and breadth of the material was surprising to some of the attendees.
“I was afraid it would be more local, and not enough of the others,” said Edmonson, who is interested in running for federal office. “But I feel like I got what I needed.”
You cannot get elected to anything if you don’t have the money to communicate with the people you need to. I know that 90 percent of you are sitting here saying, ‘Nope.’ You can – you all can. But are you willing to do it? — Kate Coyne-McCoy
“I didn’t think it was to be this amount of information at this level of expertise,” Meehan said. “I didn’t think it was going to be complete experts in the field, from so many different organizations, and so, that was really what impressed me.”
Early on in the day, Coyne-McCoy – who spent all of Day One on her feet, roaming around the room while barreling through her training materials and engaging the participants as they peppered her with questions and hypothetical scenarios – explained that it doesn’t matter what office someone is running for: They need to a have a campaign plan and write it down.
That plan needs to include details on their campaign team, their fundraising and budget, messaging, research, and their timeline.
Over the rest of the day, she’d periodically quiz the participants on these essentials.
“What’s the most important part about campaign planning?” she’d call out.
As the day went on, the chorus of voices that responded grew stronger and louder as they’d answer back.
“Have a plan. Write it down.”
The day also included a messaging component where the participants worked to craft their own personal story, a 90-second pitch that explained why they were running and why someone should vote for them – something not just valuable on a campaign, but also in their lives and as social workers.
“Telling your story is about you,” Coyne-McCoy explained. “It’s the thing you should do when you walk into a job interview. It’s what you would do when you walk into a legislator’s office.”
A few participants shared their stories, including a young woman who beat addiction and wants to see those who lack access to health care find the services they need.
And a teacher who saw the lack of resources her students experienced and saw how it made them feel – as though they didn’t matter.
And a social worker and teenage mother who wants her peers to join her in consistently upholding the values and ethics of the social work profession.
That code of ethics – a set of standards set forth by the National Association of Social Workers – was a consistent theme of this year’s Campaign School, Rhodes Smith said, because whether seeking to serve in local, state, or federal office, the code can be applied to help social workers navigate all types of challenges, including conflicts with values that might occur in politics.
“Politics and campaigns exist in a partisan context, but the code rises above party,” she said, “and it’s our superpower and guide through every sticky situation or ethical dilemma.”
‘Any one of you could do it’
The firehose of Day One gave way to a quieter, more thoughtful approach on Day Two, where discussions started a day dedicated to processing everything learned the day before and figuring out how participants might apply it in their own lives.
In-depth discussions with social workers serving in various elected offices were encouraging but realistic about what it means to both run for and hold office.
“We need to demystify how to run for office,” said Justin Roias, a city councilor in Providence. “It feels complicated, and that feels intentional. There’s a lot of things hidden that you need to learn yourself. But once you do, you’ll get there.”
“When I think about local politics, I think about cultivating future leaders,” said Kai Belton, a state representative from Middletown. “And then, I’m looking in this room full of social workers, and I’m like, oh my god, this is amazing. I can’t tell you how many of my colleagues up at the legislature say, ‘Kai, we need more social workers up here.’
UConn Social Work Student Jacob Pierce – with Tanya Rhodes Smith, outgoing director of the Nancy A. Humphreys Institute for Political Social Work – at the Humphreys Institute Campaign School on March 7, 2025. (Thomas Rettig/UConn Photo)
“There are so many people who want to see you win, and you will have the support that you need. I think that this looks intimidating, but it’s really not, and I think that any one of you could do it.”
Discussions with community organizers and panelists looking to navigate power imbalances and improve representation in politics stressed the importance of perseverance.
“Embrace the long game,” encouraged Katrina Huff-Larmond, a city councilor in Randolf, Massachusetts. “We have to understand that what we are fighting for is not going to happen tomorrow. And there’s so much work we need to do in the community, it’s going to take time. We can’t give up.”
The day concluded as participants revisited their personal stories – with some choosing to share and present them while standing at the podium before their peers – and with a challenge from Rhodes Smith: To share what their next step would be when they left campaign school.
Edmonson plans to get in touch with a local official to talk about her potential future campaign.
Meehan wants to work with a co-organizer to help mobilize people with disabilities and help them register to vote, especially people living in institutions.
Others plan to attend local board or city council meetings, volunteer, get involved.
For Flood, the weekend helped her find the connection and encouragement that she needed.
“I knew it would make me want to think about ways that I could find myself in social work and politics,” Flood said, “but it just really solidified for me that, ok, this is really what I want to do. And I didn’t think I could have any more fire in my belly than I do now. So, I’m so happy and really excited.”
And Levin, who said he plans refer back to his notes from the weekend for a while to come, said anyone considering committing the time to go to Campaign School should, “Do it.”
“It’s so easy to convince ourselves to not do something,” Levin said. “There’s always going to be 1,000 reasons to not do something, but that one reason is definitely more important.”
Source: United Kingdom – Executive Government & Departments
News story
New non-executive directors join Defra board
Sachin Jogia and Indro Mukerjee appointed to the departmental board
The Department for Environment, Food and Rural Affairs (Defra) has today (18 March 2025) announced the appointment of two new non-executive board members – Sachin Jogia and Indro Mukerjee.
Non-executive board members are senior figures from outside government, appointed to provide challenge to government departments. All non-executive board member appointments are made in line with the Governance Code on Public Appointments.
Sachin and Indro begin their appointments today, with their terms lasting for three years.
The Defra board provides strategic, corporate leadership to the department and has particular responsibility for monitoring performance and delivery.
Biographies
Sachin Jogia
Sachin Jogia has a technology and product leadership background across global organisations, most recently as Group Director of Technology Strategy and Transformation at Sky.
Previously, he was Chief Technology Officer at Ofcom, overseeing innovation across the areas they regulate including online safety, broadcasting and telecoms. Before that, he spent nine years at Amazon in the UK and USA, most recently as General Manager for Alexa Smart Home International.
Sachin was the founding Chairman of the British Heart Foundation’s Technology Advisory Group and has championed initiatives supporting disadvantaged communities, including Amazon Future Engineer. He is a Trustee and non-executive director at City Year UK, a founding member of the Corporate Advisory Board at Save The Children UK and has mentored Imperial College students and senior leaders with BeTheBusiness.
Indro Mukerjee
Indro was CEO of Innovate UK, the UK’s innovation agency, for three and half years until September 2024.
He is a highly experienced business leader, with CEO experience across technology and industrial businesses from multinationals to startups and private equity-backed ventures.
With a global career spanning Asia, the US, and Europe, Indro has led innovation, fast growth, spinouts, M&A, and business transformation across many different business situations. He has been strongly committed to supporting skills development, including co-founding and chairing the UK Electronics Skills Foundation.
He has an engineering degree from Oxford University, a graduate of the Wharton Advanced Management Program, a Fellow of the Royal Society of Arts and an elected Honorary Fellow of the Royal Academy of Engineering and the Academy of Medical Sciences.
Ambitions are high as UK celebrates a year in Horizon Europe
Hundreds of researchers, business leaders and academics gather at the Oval in London to mark a year of UK success in Horizon – and plan for much more.
Hundreds of researchers, business leaders and academics gather at the Oval in London to mark a year of UK success in Horizon – and plan for much more
£80 billion Horizon Europe programme is the world’s largest international research endeavour, and an important part of the UK’s relationship with Europe
International research collaboration is a key driver of economic growth, and the government’s Plan for Change
More than 500 of the UK’s leading researchers, businesspeople and scientists will gather at London’s Oval today (Tuesday 18 March) to celebrate the successes that have already been delivered since the UK associated to the Horizon Europe programme, last year. They’ll also hear advice from industry experts, European diplomats, and leading academics on how to seize the opportunities for funding and collaboration that Horizon offers, with £80 billion up for grabs through the programme.
Initial signs suggest UK association is trending in the right direction. Recent ERC Synergy Grants saw awards made to 18 UK-hosted projects, the second highest number. Horizon is giving British researchers and innovators access to funding, so they can tackle some of the biggest issues facing society, from breakthroughs in healthcare, to putting AI to work across the economy. All of this stands to unleash growth and create jobs in high-potential new industries, all of which supports the growth goals at the heart of the government’s Plan for Change.
In 2025, the government is doubling down on its efforts to help the UK’s brightest minds access the opportunities on offer through Horizon, through a new PR blitz, networking events in Italy, Germany and Spain for British businesspeople and researchers, and grants to help cover the businesses cover the cost of attending R&D events across Europe.
Science Minister Lord Vallance, who will speak at today’s Showcase, said:
Science is stronger when we work together with others, and as new technologies like AI develop rapidly international collaboration on research is more important than ever before.
Investing in R&D unlocks the door to more productive businesses, highly skilled and paid jobs, economic growth, and innovations that improve our lives and health. We need to go even further to seize the opportunity our association to Horizon represents and then reap the benefits.
Besides Lord Vallance’s keynote, attendees at the Showcase will also hear from UKRI’s International Champion Professor Christopher Smith, DSIT’s Chief Scientific Adviser Professor Chris Johnson, and Cyril Robin-Champigneul from the EU’s delegation to the UK. That will be supplemented by sessions with experts from the UKRI on how to build the best bids for Horizon grants, and networking opportunities.
DSIT Chief Scientific Adviser Professor Chris Johnson said:
Over the last year we’ve seen some initial green shoots of recovery when it comes to UK participation in Horizon Europe. Events like today are an important chance to build on that positive momentum, and learn from the experience of those who’ve already been successful in building bids for funding.
In 2025 and beyond, we want more researchers and businesses to seize the benefits of Horizon, to accelerate the discoveries that will boost our economy, and deliver new technologies that will improve all our lives.
UKRI International Champion Professor Christopher Smith said:
Today’s gathering at the Oval is a testament to the extraordinary progress we’ve made since associating to the Horizon Europe programme. The collaboration and innovation fostered through Horizon Europe are driving breakthroughs that will shape our future, from healthcare advancements, to climate monitoring, to AI integration across industries.
As we look ahead, it’s crucial that we continue to leverage these opportunities to work collaboratively with our international partners, advancing research, fostering innovation, and supporting our vibrant research community.
Businesses up and down the country are already carrying out cutting-edge R&D thanks to Horizon backing, as well as building consortia with partners in countries ranging from Canada to South Korea, and beyond.
We know from recent history that the UK can be a leader in this area. We have 4 of the top 10 universities in the world, and the second-highest number of Nobel prize winners globally. A quarter of projects in which the UK participated, funded through Horizon Europe’s predecessor, were UK-led.
Further information, including practical support on how to apply, is available on the Horizon Hub – found on Innovate UK and UK Research and Innovation websites. UKRI also host regular events that help guide businesses and researchers through the opportunities on offer and the application process.
Potential applicants can find Horizon Europe calls (funding opportunities) open to UK-based applicants using the European Commission’s funding and tender opportunities portal. They can apply for Horizon Europe funding through the European Commission’s funding and tenders portal, where the original funding call is found. More information on how to submit applications are available on the European Commission’s website.
Source: Moscow Government – Government of Moscow –
The IV Moscow Fashion Week is ending in the Central Exhibition Hall “Manezh”, which brought together Russian and foreign designers, students of specialized universities and other representatives of the industry. During the event, a professional showroom was opened, a market of Russian designers was held, and fashion shows took place.
This is an important event not only in the fashion industry, but also in the cultural life of the city: the week also included the World Fashion Shorts short film festival and an extensive educational program.
Member of the Moscow Fashion Week expert council, president of the Russian Association of Fashion Industry Participants Tatyana Belkevich noted that this time the designers approached participation with a greater understanding of the expert group’s requirements. This was facilitated by the holding of thematic lectures and the experience of past fashion weeks, where the current participants gained a lot of useful knowledge and understood how to properly present their brands on the catwalk.
“Now we can safely say that we have an industry not just of clothing and fashion production, which is tuned to the end consumer, but also a design industry. This is very clearly visible and can be seen in many collections. Those brands that were just starting out last fashion week have shown themselves very well this season. Experience is growing enormously. The demand for Russian brands is also growing. According to research, in 2024, 73 percent of consumers chose Russian brands with both their hearts and wallets,” said Tatyana Belkevich.
One of the participants of the opening of the IV Moscow Fashion Week was the brand of designer Igor Andreev. In the new collection, he focused on the modern Russian style, demonstrating a commitment to the folk, original and local. The public was presented with many knitted whole products or elements built into images. The podium itself was decorated with structures in the form of Russian window frames.
“Young designers are very actively exploiting the Russian cultural code in their works,” added Tatyana Belkevich. “This is wonderful, because it is really in our blood and it should be used. Famous designers, of course, also use ethnicity, some elements of the cultural code in their collections, but very carefully, very precisely, not like the youth, who have not yet taken flight and really want to make accents.”
Every year, lectures popularizing the Russian fashion industry and talking about the interaction of domestic designers, artists, models and industry specialists with great fashion houses are held as part of the fashion week. According to the curator of the Moscow Fashion Week lecture hall, fashion expert Anna Rykova, the lectures are designed for a wide range of listeners with the aim of popularizing the topic of fashion. Experts talk about the industry as a whole – as a large cultural layer not only in Russia, but also in the world, about how fashion influences people’s tastes and preferences, how it shapes business, reflects cultural, political and economic events, and reacts to various changes. The program includes lectures on the mark that domestic designers and artists have left on world fashion, national costumes and crafts.
“I think that Moscow has probably acquired its own stylistic face recently. Moscow remains less a city associated with strong luxury and more with individuality. It is generally accepted that we have a capital and a cultural capital, St. Petersburg. I think that any capital is cultural and directly connected with fashion. Fashion is connected with culture, culture is connected with fashion – these are two components that are absolutely impossible to separate at the moment. Therefore, culture is fashionable,” says Anna Rykova.
More than 180 brands (including over 100 from the capital) from 27 regions of Russia, including Moscow, Ivanovo, Leningrad, Nizhny Novgorod, Tambov and Tyumen regions, Krasnodar and Primorsky Krai, the republics of Buryatia, Dagestan, Komi, Sakha (Yakutia) and Tatarstan, are taking part in Moscow Fashion Week. Designers from China, Indonesia, South Africa, Turkey, India and other countries are also presenting their collections to a wide audience.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect
The overall Comprehensive Social Security Assistance caseload rose by 188 cases to 195,775 in February, up 0.1% from January, the Social Welfare Department announced today.
The total number of recipients was 262,513.
Low-earnings cases fell by 1.1% month on month to 1,354 cases. Single parent cases dropped 0.3% to 19,025 cases. Permanent disability cases declined 0.1% to 16,704 cases.
Meanwhile, the number of old age cases rose 0.2% to 110,943. Unemployment cases increased by 0.1% to 16,069 cases, while ill-health cases remained steady at 27,762 cases.
The Hong Kong Observatory (HKO) today said it expects about five to eight tropical cyclones will likely hit Hong Kong during the year, which is in the normal to above normal range.
Presenting the city’s weather outlook at a press briefing, HKO Director Chan Pak-wai said the tropical cyclone season is expected to start in June or earlier and cease in October or later.
The annual mean temperature in Hong Kong is expected to be above normal this year, while the annual rainfall is expected to be near normal, ranging from 2,100mm to 2,700mm. However, Mr Chan stressed that Hong Kong may still be affected by heavy rain and advised the public to be prepared for the rain and tropical cyclone seasons.
Mr Chan also highlighted the ongoing improvements to the HKO’s various services, noting that with the rainy season approaching, the HKO will enhance its radar and satellite imagery services to allow the public to better grasp the rainfall situation in the lower atmosphere.
The department also plans to add graphical rainfall information for various districts in the next couple of months.
From the second half of this year, the HKO will, on a trial basis, attach videos featuring its forecasters explaining future weather changes on camera, to some of its Weather Notes articles.
There are also plans to add more computer model forecast products, including the forecasting of chances of thunderstorms, onto the “Earth Weather” webpage this year, to provide people with a comprehensive understanding of weather changes.
Separately, the HKO will hold open days on March 22 and 23 to showcase its work. Apart from joining the event in person with a valid ticket, members of the public can take a virtual tour on a dedicated webpage due to be launched on March 22.
The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies, viz., the Indian Rupee (INR) and the Mauritian Rupee (MUR) for cross-border transactions. The MoU was signed by the Governor, Reserve Bank of India, Shri Sanjay Malhotra and the Governor, Bank of Mauritius, Dr. Rama Krishna Sithanen G.C.S.K. The MoU documents were exchanged in Port Louis, Mauritius in the presence of the Honourable Prime Minister of India, Shri Narendra Modi and the Honourable Prime Minister of Mauritius, Dr. Navinchandra Ramgoolam, on Wednesday, March 12, 2025.
2. The MoU aims to promote the use of INR and MUR in bilateral trade. The MoU covers all current account transactions and permissible capital account transactions as agreed upon by both the countries. This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn, would enable the development of a market in the INR-MUR pair. Use of local currencies would optimise costs and settlement time for transactions.
3. This collaboration marks a key milestone in strengthening bilateral cooperation between RBI and BOM. Use of local currencies in bilateral transactions will eventually contribute to promoting trade between India and Mauritius as well as deepen financial integration and strengthen the historical, cultural, and economic relations between India and Mauritius.
HA NOI, VIET NAM (18 March 2025) — The Asian Development Bank (ADB) has led and signed a $150 million syndicated sustainability-linked loan with Vinschool Joint Stock Company. The loan will be used to expand the Vinschool education system, providing educational facilities for 20,400 students in urban areas of Ha Noi, Ho Chi Minh City (HCMC), and Hung Yen.
“This project marks ADB’s first private sector investment in Viet Nam’s education sector and highlights our commitment to fostering sustainable development in the country,” said ADB Country Director for Viet Nam Shantanu Chakraborty. “By supporting the country’s first sustainability-linked loan in the education sector, we aim to enhance educational infrastructure while contributing to new residential hub development in the country.”
As the mandated lead arranger and bookrunner, ADB has syndicated and structured a financing package that includes a $40 million loan from ADB Ordinary Capital Resources, a $35 million loan from the Leading Asia’s Private Sector Infrastructure Fund 2 (LEAP 2) administered by ADB, and $75 million in parallel loans.
The parallel loans comprise $40 million from ILX, an Amsterdam-based emerging market asset manager, and $35 million from the Emerging Africa & Asia Infrastructure Fund, an emerging market infrastructure debt fund established by the Private Infrastructure Development Group and managed by NinetyOne. The loan has been validated through a second-party opinion from DNV Business Assurance Vietnam Co., Ltd.
Viet Nam has made significant progress in expanding education coverage, achieving an impressive 98% literacy rate and over 98% primary education enrollment. However, as the nation strives to transition from a developing to a middle-income country, there is a critical need to improve education quality and enhance education access in rapidly urbanizing cities. The private sector, including institutions like Vinschool, is vital in bridging this gap.
“We are delighted to partner with ADB and other impact focused lenders on this groundbreaking initiative. This investment will enable us to provide high-quality learning opportunities to more students while setting a benchmark for sustainable education in Viet Nam,” said Vinschool Chief Executive Officer Phan Ha Thuy. “This is a project that underscores Vinschool’s commitment to Environmental, Social, and Governance principles, reinforcing its dedication to sustainable development.”
LEAP 2 is an ADB-managed fund with a $1.5 billion commitment from the Japan International Cooperation Agency (JICA). It focuses on sustainable private sector infrastructure projects that reduce carbon emissions, improve energy efficiency, and provide affordable health care, education, and communication services to ADB’s developing member countries.
Established in 2013, Vinschool is the largest private school system in Viet Nam, offering high quality education from kindergarten to high school. Vinschool currently serves more than 48,000 students across 54 campuses in Ha Noi, HCMC, and four other provinces, offering both national curriculum and Cambridge bilingual programs. Vinschool is a subsidiary of Vingroup Joint Stock Company, one of Viet Nam’s largest conglomerates.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.
The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying is implementing a new Central Sector Sub-scheme namely the Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY) under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) for a period of four years from FY 2023-24 to FY 2026-27 at an estimated outlay of ₹6000 crore.
Under PM-MKSSY, the Sub-scheme provides support for: (i) formalization of the unorganized part of fisheries sector by providing work based digital identity to fishers, fish farmers and other stakeholders through National Fisheries Digital Platform (ii) facilitating access to institutional credit, (iii) incentive for adoption of aquaculture insurance by providing ‘one-time incentive’ to the farmers by providing 40% of the premium (up to ₹25,000 per hectare, or ₹1 lakh per farmer for 4 hectares, SC/ST and women beneficiaries get an additional 10% incentive (iv) improvement of fisheries value-chain efficiencies under component 2 through Performance grant for a Microenterprise i.e. 25% of the total investment or Rs.35 lakhs, whichever is lower, for General Category and 35% of total investment or Rs.45 lakhs, whichever is lower, for SC, ST and Women owned microenterprises. In addition, Performance Grant for Village Level Organizations and Federations of SHGs, FFPOs and Cooperatives shall not exceed 35% of total investment or Rs.200 lakhs, whichever is lower and for establishment of supply chains of safe fish products to consumers under Component 3 through Performance grant for a Small and Microenterprise i.e. 25% of the total investment or Rs.35 lakhs, whichever is lower for microenterprise and 25% of total investment or ₹75 lakhs, whichever is lower for small enterprise for General Category and 35% of total investment or Rs.45 lakhs, whichever is lower for microenterprise and 35% of total investment or ₹100 lakhs, whichever is lower, for SC, ST and Women for small enterprise. In addition, Performance Grant for Village Level Organizations and Federations of SHGs, FFPOs and Cooperatives shall not exceed 35% of total investment or Rs.200 lakhs, whichever is lower. Along with this, PM-MKSSY aims to provide an amount of Rs.10,000 and Rs.15,000 per year for creation and maintenance of jobs for a men and woman respectively subject to the limit of 50% of total eligible grant.
Further, The Department of Fisheries, Ministry of Fisheries Animal Husbandry and Dairying has launched National Fisheries Digital Platform (NFDP) under PM-MKSSY on 11.09.2024. The NFDP aims at formalization of the Indian fisheries and aquaculture sector through creation of work-based digital identity and the database for all stakeholders in fisheries sector. It also serves as ‘one-stop’ solution for access to institutional credit, strengthening of fisheries co-operatives, incentivizing aquiculture insurance, performance-based incentives, fisheries’ traceability systems and training and capacity building. Till date, 20,25,676 fishers, fish farmers and other stakeholders have registered on NFDP including 209850 registrations from Andhra Pradesh. The registrations include 56,165 Women beneficiaries, 8374 SC beneficiaries and 5075 ST beneficiaries. The district-wise details are furnished at Annexure-I.
Under the NFDP, the module for aquaculture insurance, credit Facilitation, performance grant, traceability and training and capacity building has been developed and made live. The beneficiary can login to the NFDP portal and apply for availing the benefit. As on date, 286 lead applications for Aquaculture Insurance including 13 applications from Andhra Pradesh have been submitted by the beneficiaries covering 716 hectare farms and the same have been forwarded to the insurance companies on the portal. Further, 8 applications for Performance Grant including 6 applications under component 2 and 2 applications under component 3 have been received under PM-MKSSY. As of now, no applications have been received from Andhra Pradesh for Performance Grant.
Annexure-I
District-wise details of registrations under National Fisheries Digital Platform in Andhra Pradesh
Name of the District
No. of Female registrations
No. of Male registrations
Total registrations
SC registrations
ST registrations
Alluri Sitharama Raju
57
364
421
25
140
Anakapalli
305
1126
1431
18
47
Anantapur
291
1692
1983
183
47
Annamayya
8
150
158
8
17
Bapatla
990
2076
3066
43
125
Chittoor
684
928
1612
224
138
Dr. B.R. Ambedkar Konaseema
4299
6363
10662
90
6
East Godavari
12380
35557
47937
340
174
Eluru
619
1352
1971
308
28
Guntur
1574
7745
9319
658
807
Krishna
11406
20778
32184
2202
594
Kurnool
373
3450
3823
363
90
Nandyal
63
327
390
17
16
NTR
193
362
555
122
24
Palnadu
42
254
296
59
126
Parvathipuram Manyam
73
617
690
34
338
Prakasam
1952
7687
9639
305
212
Sri Potti Sriramulu Nellore
3195
10355
13550
743
1058
Sri Sathya Sai
51
606
657
38
15
Srikakulam
8547
17094
25641
65
64
Tirupati
572
2692
3264
241
287
Visakhapatnam
5434
19673
25107
172
210
Vizianagaram
1457
3547
5004
98
343
West Godavari
1495
8514
10009
1944
96
Y.S.R. Kadapa
105
376
481
74
73
Total
56165
153685
209850
8374
5075
This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 18th March, 2025.
The Ministry of Fisheries, Animal Husbandry and Dairying, Government of India is implementing the following schemes and programme in the country for all round development of Fisheries and Dairy Sectors:
Pradhan Mantri Matsya Sampada Yojana (PMMSY),
Fisheries and Aquaculture Infrastructure Development Fund (FIDF),
Supporting Dairy Cooperatives and Farmer Producer Organizations (SDCFPO)
National Programme for Dairy Development (NPDD) and
Dairy Processing and Infrastructure Development Fund (DIDF),
The year-wise Budget allocations under the aforesaid schemes implemented by the Ministry of Fisheries, Animal Husbandry and Dairying for development of fisheries and dairy sector during the period of 2021-22 to 2025-26 is furnished at Annexure-I. The State/ UT-wise details funds provided by the Ministry of Fisheries, Animal Husbandry and Dairying and utilization thereof by the States/ UTs under the aforesaid schemes for development of fisheries and dairy sector during the last four years are furnished at Annexure-I, II, III, IV, V and VI.
In order to provide social security measure to fishers, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India under the ongoing Pradhan Mantri Matsya Sampada Yojana (PMMSY) provides accidental insurance coverage to fishers including Deep-Sea Fishermen, wherein the entire insurance premium amount is borne by the Central and State Government, with no contribution from the beneficiary. The insurance coverage provided under the PMMSY includes (i) Rs.5,00,000/- against death or permanent total disability, (ii) Rs.2,50,000/- for permanent partial disability and (iii) hospitalization expenses in the event of accident for a sum of Rs. 25,000/. Besides, the insurance premium subvention scheme for fishing vessels intended to cover partial loss/ total loss arising due to natural calamities and accidental risks causing damage to hull, machineries and accessories including fishing nets is at its final stage for rollout with a premium rate of 2 % [plus applicable Goods and Services Tax (GST)] of the sum insured for fishing vessels irrespective of the size and categories.
During last four years (2020-24) under the PMMSY, the Department of Fisheries, Government of India has accorded approval to the various marine fisheries developmental projects including mariculture activities for sustainable utilization of marine resources in Indian coastal waters. These activities include support for introduction of 480 numbers of deep-sea fishing vessels and 1,338 numbers of upgradation of existing vessels for traditional fishermen for export competency, 1525 numbers of sea cages, 10 numbers of marine fin-fish hatcheries, 2307 numbers of bivalve cultivation units (including mussels, clams, pearl etc.) and 47,245 numbers of rafts and 65,480 numbers of monoline tube nets for Seaweed cultivation. Further, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India is also providing training and capacity building programme amongst fishers and fish farmers for various activities including application of modern technologies in fisheries and aquaculture under Pradhan Mantri Matsya Sampada Yojana (PMMSY) with 100 % central share through National Fisheries Development Board (NFDB). The said training and skill development programs includes diverse areas of aquaculture, like intensive freshwater aquaculture, brackish water aquaculture, mariculture, Seaweed cultivation, coldwater aquaculture, ornamental fisheries, fish processing and marketing, species-specific hatchery/ breeding technologies of various commercial important fish species.
The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, with effect from financial year 2018-19 is implementing Fisheries and Aquaculture Infrastructure Development Fund (FIDF) with a total fund size of Rs. 7522.48 crore. FIDF inter-alia provides concessional finance for development of various fisheries infrastructure facilities to the Eligible Entities (EEs), including State Governments/ Union Territories, State entities and other stakeholders for development of identified fisheries infrastructure facilities. Under FIDF, the Department of Fisheries provides interest subvention up to 3 % per annum for providing the concessional finance by the Next Level Entrepreneurs (NLEs) at the interest rate not lower than 5 % per annum. Under FIDF scheme, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying has approved a total 136 project proposals/ projects at a total cost of Rs. 5801.06 crore with project cost restricted for interest subvention at Rs. 3858.19 crore to various States/ UTs. The State/ UT-wise details of the project approved under FIDF till date for infrastructural development in Fisheries sector. The projects supported under FIDF to States and Union Territories are including Fishing Harbours (FHs), Fish Landing Centres (FLCs), ice plants, cold storage, fish transport facilities, integrated cold chain (marine and inland sectors), modern fish markets, brood banks, hatcheries, modernization State fish seed farms, Fisheries Training Centres (FTCs), fish processing units, fish feed mills/ plants, cage culture in reservoirs, mariculture etc.
Annexure-I
Year-wise Budget Allocations under the various schemes implemented for development of fisheries and Dairy sector during the period of2021-22 to 2025-26):
Year
BE
RE
Expenditure
I. Pradhan Mantri Matsya Sampada Yojana (PMMSY),
2021-22
1000.00
1200.00
1169.19
2022-23
1879.00
1410.00
1169.86
2023-24
2000.00
1500.00
1148.88
2024-25
2352.00
1500.00
989.32*
2025-26
2465.00
II. Fisheries and Aquaculture Infrastructure Development Fund (FIDF)
2021-22
1500.00
1000.00
1000.00
2022-23
1200.00
1200.00
1200.00
2023-24
2500.00
2500.00
2440.00
2024-25
3000.00
2500.00
625.00
2025-26
3000.00
–
III. National Programme for Dairy Development (NPDD)
2021-22
255.00
402.90
402.90
2022-23
340.01
220.00
219.40
2023-24
326.93
371.00
370.83
2024-25
371.00
450.00
420.29*
2025-26
IV. Dairy Processing and Infrastructure Development Fund (DIDF)
2021-22
49.00
10.00
2022-23
100.00
23.52
2023-24
40.00
40.00
2024-25
100.00
51.26*
2025-26
100.00
—-
V. Supporting Dairy Cooperatives and Farmer Producer Organizations (SDCFPO)
2021-22
100.00
130.00
130.00
2022-23
100.00
100.00
100.00
2023-24
100.00
121.00
117.75
2024-25
100.00
100.00
100.00 (Assignment)
2025-26
100.00
*Expenditure till date
Annexure-II
State-wise details of funds released underPradhan Mantri Matsya Sampada Yojana (PMMSY)during the last four years and current years (i.e.2020-21 to 2024-25):
(Rs. in lakhs)
Sl. No.
State/ UT
Total Project Cost
Central Share
Funds Released
(i)
(ii)
(iii)
(iv)
(v)
1
Andaman & Nicobar
5867.10
3122.53
696.70
2
Andhra Pradesh
239872.67
55910.38
48211.79
3
Arunachal Pradesh
20028.09
13232.27
9847.62
4
Assam
53962.88
29682.11
20731.89
5
Bihar
54712.98
17365.23
7928.31
6
Chhattisgarh
92338.45
30404.41
20569.40
7
D & D& Dadra & NH
13516.89
6800.65
178.90
8
Delhi
533.25
286.08
163.30
9
Goa
11616.49
4849.74
4405.68
10
Gujarat
96068.53
29277.71
6516.70
11
Haryana
76086.75
26216.03
10151.73
12
Himachal Pradesh
15388.15
7861.50
3813.69
13
Jammu & Kashmir
15019.86
7773.04
7961.80
14
Jharkhand
43856.06
14818.28
11570.76
15
Karnataka
105634.95
36350.59
35958.72
16
Kerala
135811.54
57628.59
31842.33
17
Ladakh
3374.60
2036.76
1016.99
18
Lakshadweep
6763.48
4458.13
1419.12
19
Madhya Pradesh
89925.00
29449.98
19013.71
20
Maharashtra
144767.36
54426.66
27877.83
21
Manipur
20181.70
9584.33
2944.63
22
Meghalaya
13262.36
7425.73
3596.21
23
Mizoram
14785.80
8128.27
6347.38
24
Nagaland
16368.38
10543.52
6709.46
25
Odisha
113867.60
46425.75
25983.27
26
Puducherry
33866.46
22996.05
5713.91
27
Punjab
16792.95
4514.79
2476.27
28
Rajasthan
7095.14
2372.65
864.12
29
Sikkim
7827.43
4681.43
3300.05
30
Tamil Nadu
115284.67
44535.55
13631.12
31
Telangana
34117.09
10842.16
9582.93
32
Tripura
25862.81
14762.41
5859.84
33
Uttar Pradesh
129432.10
41230.99
28911.70
34
Uttarakhand
32297.07
16667.37
8780.37
35
West Bengal
54439.43
22554.70
5075.97
Total
18,606,26.07
6,992,16.37
3,996,54.2
*******
Annexure-III
The State/UT-wise details of the project approved under Fisheries and Aquaculture Infrastructure Development Fund (FIDF) till date for Infrastructural development in Fisheries sector;
(Rs. in crores)
Sl No
Name of State
No. of projects approved
Total Project Cost
Amount eligible for interest subvention
1.
Andhra Pradesh
10
1396.83
653.06
2.
Arunachal Pradesh
1
0.68
0.54
3.
Assam
1
0.41
0.18
4.
Goa
1
6.42
5.00
5.
Gujarat
5
1354.92
750.00
6.
Haryana
1
1.17
0.64
7.
Himachal Pradesh
1
5.17
5.00
8.
Jammu and Kashmir
2
120.70
93.17
9.
Karnataka
2
1.44
0.79
10.
Kerala
3
162.82
151.20
11.
Maharashtra
13
1031.30
770.25
12.
Manipur
4
1.15
0.90
13.
Mizoram
1
8.57
6.85
14.
Odisha
4
60.18
33.83
Puducherry
1
2.46
1.97
15.
Tamil Nadu
66
1576.08
1337.81
16.
Telangana
1
4.70
2.31
17.
Uttar Pradesh
1
0.22
0.09
18.
West Bengal
18
66.07
44.69
Total
136
5801.06
3858.19
*****
Annexure-IV
The State-wise details of release of funds under the National Programme for Dairy Development (NPDD) during last five years(i.e.2020-21 to 2024-25).
(Rs. in lakhs)
Sl. No.
NAME OF STATE/ UT
Total Expenditure made
1
Andhra Pradesh
7342.25
2
Assam
336.4
3
Bihar
275.3
4
Goa
39.81
5
Gujarat
17267.24
6
Haryana
502.69
7
Himachal Pradesh
2627.18
8
Jammu & Kashmir
9849.43
9
Jharkhand
915.79
10
Karnataka
12657.83
11
Kerala
3872.73
12
Ladakh
50
13
Madhya Pradesh
1621.78
14
Maharashtra
1349.59
15
Manipur
901.89
16
Meghalaya
3062.52
17
Nagaland
394.71
18
Odisha
1591.08
19
Puducherry
481.05
20
Punjab
9296
21
Rajasthan
9551.93
22
Sikkim
2427.82
23
Tamil Nadu
10352.22
24
Telangana
1082.29
25
Tripura
604.14
26
Uttar Pradesh
544.9
27
Uttarakhand
2342.16
28
West Bengal
71.47
Grand total
101412.2
Annexure-V
The State-wise details of release of funds for the infrastructure development supportSupporting Dairy Cooperatives and Farmer Producer Organizations (SDCFPO)during last four years(i.e.2020-21 to 2024-25).
S No
Name of the State/UTs
Total
1
Andhra Pradesh
12.94
2
Assam
0.04
3
Bihar
3.22
4
Gujarat
516.34
5
Haryana
2.16
6
Jammu and Kashmir
0.00
7
Jharkhand
0.35
8
Karnataka
26.68
9
Madhya Pradesh
1.03
10
Maharashtra
19.74
11
Odisha
0.00
12
Punjab
29.20
13
Rajasthan
8.40
14
Tamil Nadu
7.73
15
Telangana
0.65
16
Uttar Pradesh
0.22
Total
628.70
Annexure-VI
The State-wise details of release of funds for the infrastructure development support Dairy Processing and Infrastructure Development Fund (DIDF)as on 31-12-2024during last four years(i.e.2020-21 to 2024-25).
Sl. No.
State
No of Projects
(Rs in Crore)
Total Project Cost
Loan sanctioned
Loan disbursed
Total
NDDB’s projects
1
Andhra Pradesh
1
97.75
78.20
34.73
2
Bihar
1
113.27
78.80
76.39
3
Gujarat
5
1879.11
1469.59
1280.76
4
Haryana
4
420.19
336.14
197.50
5
Karnataka
10
2479.90
1344.83
1028.98
6
Kerala
1
15.25
12.20
8.62
7
Madhya Pradesh
1
338.00
270.40
237.86
8
Maharashtra
2
488.33
290.66
247.13
9
Punjab
4
318.41
249.77
205.73
10
Rajasthan
1
79.33
59.77
55.35
11
Telangana
3
261.51
156.70
134.22
12
Tamil Nadu
3
239.16
191.32
28.08
TOTAL
36
6730.21
4538.38
3535.34
NCDC’s projects
1
Tamil Nadu
1
46.66
37.33
19.33
GRAND TOTAL
37
6776.87
4575.71
3554.67
This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 18th March, 2025.
Source: Hong Kong Government special administrative region
Cluster of Candida auris cases in TWGHs Wong Tai Sin Hospital reported A male patient (aged 91), who previously stayed in a tuberculosis and chest ward of WTSH, was reported as a carrier of Candida auris without signs of infection on March 10. A contact tracing investigation was therefore conducted under prevailing guidelines and found that two more male patients (aged 62 and 79) from the same ward were also carrying Candida auris without signs of infection. Among them, one patient has been discharged earlier, the other is being treated in isolation and is in stable condition.
The ward concerned has adopted the following enhanced infection control measures:
1. enhanced patient and environmental screening procedures; 2. applied stringent contact precautions and enhanced hand hygiene of staff and patients; and 3. thorough cleaning and disinfection of the ward concerned.
The hospital will continue the enhanced infection control measures and closely monitor the situation of the ward concerned. The cases have been reported to the Hospital Authority Head Office and the Centre for Health Protection for necessary follow up.
The ‘National Policy on Marine Fisheries, 2017 notified by the Government of India, provides guiding principles of conservation and optimum utilization of fisheries resources. The policy also highlights marine environment and pollution issues including micro-plastic and ghost nets. The policy supports regulatory mechanisms to control pollutants from land and sea-based sources, which can be effectively controlled and the ecosystems monitored for pollution related aspects. To combat marine plastic pollution, particularly from fishing and maritime sectors, the Department of Fisheries, Government of India has been actively engaged in the global efforts like Glolitter Partnership Project and Reglitter Project both of which are jointly implemented by the International Maritime Organization (IMO), Food, and Agriculture Organization of the United Nations (UN-FAO).
These projects focus on preventing and reducing Marine Plastic Litter (MPL) from sea-based sources, with an emphasis on addressing abandoned, lost, or discarded fishing gear (ALDFG) and wastes from ships. As a Lead Partnering Country (LPC) in the Glolitter Project, Department of Fisheries, Government of India has published its National Action Plan (NAP), which outlines strategic measures to reduce Marine Plastic Litter from Sea-based Sources. To address the issues of destructive fishing, the Government of India has banned fishing methods such as pair or bull trawling and the use of LED or artificial lights for fishing in the EEZ area.
To ensure long-term viability of the sector and to address the issues related to climate change, protection and restoration of critical habitat, the Department of Fisheries, Government of India is working closely with the State Governments and environmental agencies. These efforts include establishment of artificial reefs along the entire coastline of India, conduct of sea ranching, promotion of seaweed farming, implementation of uniform fishing ban for 61 days during the major fish breeding period and installation of Turtle Excluder Devices (TEDs) in trawl nets for conservation of turtles, etc. Further, advisories are issued to States/UTs to take measures to prevent juvenile fishing such as implementation of mesh size regulations and minimum legal size of fish under their Marine Fishing Regulation Acts (MFRAs) to ensure sustainable and responsible fishing practices. In addition, to enhance the economic resilience of coastal communities impacted by the climate change, the Department of Fisheries, Government of India under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) has identified 100 coastal fishermen villages situated close to the coastline as Climate Resilient Coastal Fishermen Villages (CRCFV). The activities in the identified coastal fishermen villages are need-based facilities, including common facilities like fish drying yards, fish processing centers, fish markets, fishing jetties, ice plants, cold storages, and emergency rescue facilities. The Government is promoting climate resilient livelihoods like aquaculture, especially the mariculture of seaweed, food and ornamental fishes, bivalves etc through the schemes of the Department of Fisheries in a large way. Additionally, the ICAR-Fisheries Research Institutes have been contributing to enhance inland and marine aquaculture through ongoing research, technology development, and capacity-building with funding support of the Government of India.
The regulatory framework such as Maritime Zones of India (Regulation of fishing by foreign vessels) Act, 1981 and the Marine Fishing Regulation Acts of all maritime States/Union Territories have provisions to prevent certain forms of Illegal, Unreported and Unregulated (IUU) fishing by foreign vessels and Indian vessels respectively. Further, implementation of ReALCraft, a web-based portal for registration and licensing of fishing vessels, issuance of biometric identity cards to marine fishers and vessel communication and support system supported under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) also help in prevention of IUU fishing. In addition, the Fishery Survey of India (FSI) is conducting awareness programs in coastal fishing villages across the country to educate fishers about the FAO-CCRF (Code of Conduct for Responsible Fisheries) and need for prevention of IUU fishing. The Department of Fisheries, Government of India, is also collaborating with the international bodies, like the Indian Ocean Tuna Commission (IOTC), which works to prevent, deter and eliminate IUU fishing in the Indian Ocean region.
To address the issue of price instability and ensure fair and predictable income for fishermen, PMMSY has supported 27189 units of fish transportation facilities (refrigerated vehicles, insulated vehicles, two wheelers/ three wheelers), 21 state-of-the-art wholesale fish markets, 202 fish retail markets, 6694 fish kiosks and 5 E-platforms for e-trading and e-marketing of fish and fisheries products in all the States/UTs across the country with a total outlay of Rs. 1654.51 crore. To provide real-time and accurate price information to fishers and fish farmers and to help them to negotiate better price, the Department through the National Fisheries Development Board (NFDB) has launched the ‘Fish Market Price Information System’ (FMPIS) during 2018-19 to capture and disseminate fish market prices of commercially important marine and inland fishes from 111 wholesale and retail fish markets in 29 States/UTs. Further, the Department of Fisheries signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC) with an objective to provide a digital platform and empower all stakeholders including traditional fishermen, fish farmers’ producer organizations and entrepreneurs in the fisheries sector to buy and sell their products through e-marketplace.
This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 18th March, 2025.
India has significant potential for seaweed cultivation. As reported by the Central Marine Fisheries Research Institute (ICAR-CMFRI) total seaweed production in the country was 72,385 tonnes (wet weight) in 2023. The main cultivated species are Kappaphycus alvarezii and Gracilaria edulis, which are widely used for carrageenan and agar production. Seaweed is also utilized in food, biofertilizers, pharmaceuticals, cosmetics, animal feed, and biofuels.
In June’ 2020, the Government of India launched a flagship scheme namely, Pradhan Mantri Matsya Sampada Yojana (PMMSY), with total investment of Rs. 20,050 crore towards promoting the fisheries sector in the country. Promotion of seaweed cultivation is one of the priority activity under PMMSY. Department of Fisheries, Government of India (DoF, GoI) has approved the seaweed projects worth ₹194.09 crore, with a central share of ₹98.97 crore including support provided to beneficiaries for installation of Rafts, Monolines/Tubenets, establishment of a Multipurpose Seaweed Park in Tamil Nadu, Pre-feasibility Assessment Studies on seaweed farming, awareness and training programs in various States and Union Territories under the PMMSY. Besides, Mandapam Regional Centre of ICAR-Central Marine Fisheries Research Institute (CMFRI) has been designated as a Centre of Excellence for seaweed development and the Lakshadweep Islands has been designated as a Seaweed Cluster.
DoF, GoI has approved projects under the PMMSY for establishment of Seaweed Seedbanks in Tamil Nadu, Dadra and Nagar Haveli and Daman & Diu, and Lakshadweep. DoF, GoI on 21st October 2024 has also issued the Guidelines for Import of Live Seaweeds into India, allowing the import of high-quality seed strains.
This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 18th March, 2025.