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Category: Australia

  • MIL-OSI: High Wire Networks Secures New Bundle Contract, Showcasing the Power of Integrated Cybersecurity Solutions

    Source: GlobeNewswire (MIL-OSI)

    BATAVIA, Ill., March 20, 2025 (GLOBE NEWSWIRE) — High Wire Networks, Inc. (OTCQB: HWNI) has finalized a new bundled services contract with an MSP partner, demonstrating the growing momentum behind its integrated approach to cybersecurity.

    High Wire – Overwatch’s newly launched managed cybersecurity service bundles — CORE, PROACTIVE, and COMPLETE — are purpose-built to provide partners and their customers with flexible, scalable protection tailored to growing security threats and aligned with strategic business objectives.

    The signed contract, valued at more than $275,000 over 24 months, includes the CORE bundle, which delivers essential coverage for critical threat vectors, including network, email, endpoint, and phishing protection. This foundational package is ideal for organizations seeking strong baseline defenses with simplified deployment and ongoing support.

    “Our bundle offerings are designed to help partners deliver greater value, faster time-to-protection, and long-term security maturity to their customers,” said Mark Dallmeier, Chief Revenue Officer at Overwatch. “Our partners gain a true competitive edge by moving beyond transactional service delivery and embracing an integrated, consultative approach. Bundles like CORE don’t just protect — they empower. They provide an unfair advantage in the marketplace by reducing complexity, driving operational efficiency, and improving security posture from day one.”

    The partner CEO based in New Jersey emphasized the real-world benefits of the bundled approach, saying, “The new bundled offerings from Overwatch allow us to simplify cybersecurity solutions for our clients, eliminating the friction of multiple proposals, approvals, and lengthy decision-making processes. With fixed costs and license counts, we can confidently offer proof-of-concept trials without restrictions, ensuring clients experience the full value of a comprehensive security approach.

    The CORE bundle delivers protection across key attack surfaces—endpoints, network traffic, email, and even end-user security awareness training—providing layered defense against modern threats. Relying on endpoint protection, or any single offering, alone is like installing a state-of-the-art security system but leaving the front door unlocked. Overwatch’s integrated approach enables us to provide truly effective, proactive security for our clients,” he continued.

    “Since introducing the CORE bundle, our clients’ response has been overwhelmingly positive. They recognize the growing risks and immediately see the value in the alerting and reporting capabilities we can now provide. Clients also report a drastic reduction—if not total elimination—of malicious email threats, reinforcing the power of this comprehensive security strategy,” he concluded.

    Overwatch is committed to giving partners and their customers an unfair advantage by providing the tools, scalability, and support needed to outperform in a rapidly changing threat environment. By continuing to invest in solutions that make cybersecurity more accessible, profitable, and impactful, High Wire – Overwatch empowers its partners to deliver next-generation security across their client base — transforming the economics of managed cybersecurity and driving stronger outcomes at scale.

    About High Wire Networks

    High Wire Networks, Inc. (OTCQB: HWNI) is a fast-growing, award-winning global provider of managed cybersecurity. Through over 200 channel partners, it delivers trusted managed services for more than 1,100 managed security customers worldwide. End customers include Fortune 500 companies and many of the nation’s largest government agencies. Its U.S.-based 24/7 Network Operations Center and Security Operations Center is in Chicago, Illinois.

    High Wire was ranked by Frost & Sullivan as a Top 15 Managed Security Service Provider in the Americas for 2024. It was also named to CRN’s MSP 500 and Elite 150 lists of the nation’s top IT-managed service providers for 2023 and 2024.

    Learn more at HighWireNetworks.com. Follow the company on X, view its extensive video series on YouTube or connect on LinkedIn.

    Forward-Looking Statements

    The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as “anticipate,” “appear,” “believe,” “could,” “estimate,” “expect,” “hope,” “indicate,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would,” and other variations or negative expressions of these terms, including statements related to expected market trends and the Company’s performance, are all “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based except as required by applicable law and regulations.

    Media Contact:
    Lori Aleman
    Director of Marketing
    O: 630-635-8477 | C: 602-920-0902
    lori.aleman@highwirenetworks.com

    The MIL Network –

  • MIL-OSI Economics: AGNICO EAGLE ANNOUNCES ADDITIONAL INVESTMENT IN CARTIER RESOURCES INC.

    Source: Agnico Eagle Mines

    Stock Symbol:  AEM (NYSE and TSX)

    TORONTO, March 20, 2025 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has agreed to subscribe for 20,770,000 units (“Units”) of Cartier Resources Inc. (“Cartier”) in a non-brokered private placement at a price of C$0.13 per Unit for total consideration of C$2,700,100 (the “Private Placement”). Each Unit is comprised of one common share of Cartier (a “Common Share”) and one common share purchase warrant of Cartier (each, an “Offering Warrant”). Each Offering Warrant entitles the holder to acquire one Common Share at a price of C$0.18 for a period of five years following the closing date of the Private Placement, subject to acceleration in certain circumstances. Closing is expected to occur on or about April 10, 2025 and is subject to certain conditions.

    Agnico Eagle currently owns, or exercises control and direction over, an aggregate of 97,022,944 Common Shares and 7,000,000 Common Share purchase warrants entitling Agnico Eagle to acquire 7,000,000 Common Shares (the “Existing Warrants”), representing approximately 26.6% of the issued and outstanding Common Shares on an undiluted basis and 28.0% of the issued and outstanding Common Shares on a partially-diluted basis (assuming the exercise of the Existing Warrants). On closing of the Private Placement, assuming that 39,432,000 Common Shares are issued by Cartier in connection with the concurrent “best efforts” private placement offering announced by Cartier, Agnico Eagle will own 117,792,944 Common Shares, 20,770,000 Offering Warrants and 7,000,000 Existing Warrants, representing approximately 27.7% of the issued and outstanding Common Shares on an undiluted basis and approximately 32.2% of the Common Shares on a partially-diluted basis (assuming the exercise of the Existing Warrants and Offering Warrants held by Agnico Eagle).

    Agnico Eagle and Cartier were party to an amended and restated investor rights agreement dated May 20, 2022 (the “Existing Agnico IRA”), pursuant to which Agnico Eagle was entitled to certain rights (subject to maintaining certain ownership thresholds), including: (a) the right to participate in certain equity financings by Cartier in order to acquire up to a 19.97% ownership interest in Cartier; and (b) the right to nominate one person (and in the case of an increase in the size of the board of directors of Cartier to 10 or more directors, two persons) to the board of directors of Cartier. In addition, Agnico Eagle Abitibi Acquisition Corp. (successor to O3 Mining Inc.), an indirect wholly-owned subsidiary of Agnico Eagle, and Cartier were party to an investor rights agreement dated April 21, 2022 (the “Existing O3 IRA”), pursuant to which Agnico Eagle Abitibi Acquisition Corp. was entitled to certain rights (subject to maintaining certain ownership thresholds), including: (i) the right to participate in certain equity financings by Cartier in order to maintain its then-current ownership interest in Cartier; and (ii) the right to nominate one person to the board of directors of Cartier.

    Immediately prior to entering into the subscription agreement in respect of the Private Placement, the Existing O3 IRA was terminated and the Existing Agnico IRA was amended and restated in order to, among other things: (a) increase the ownership interest ceiling in the participation right and top-up right from 19.97% to the greater of Agnico Eagle’s pro rata ownership interest in Cartier at the applicable time and 32%; (b) amend the nomination right to permit Agnico Eagle to nominate between one and three individuals to the board of directors of Cartier (based on certain ownership thresholds and the size of the board of directors of Cartier); and (c) grant Agnico Eagle demand registration and piggy-back registration rights in respect of the potential sale of Common Shares by Agnico Eagle.

    Agnico Eagle is acquiring the Common Shares and Offering Warrants for investment purposes. Depending on market conditions and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares, common share purchase warrants or other securities of Cartier or dispose of some or all of the Common Shares, Offering Warrants, Existing Warrants or other securities of Cartier it owns at such time.

    An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

    Agnico Eagle Mines Limited
    c/o Investor Relations
    145 King Street East, Suite 400
    Toronto, Ontario M5C 2Y7
    Telephone: 416-947-1212
    Email: investor.relations@agnicoeagle.com

    Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Cartier’s head office is located at 1740, chemin Sullivan, bureau 1000, Val d’Or, Québec J9P 7H1.

    About Agnico Eagle

    Agnico Eagle is a Canadian based and led senior gold mining company and the third largest gold producer in the world, producing precious metals from operations in Canada, Australia, Finland and Mexico, with a pipeline of high-quality exploration and development projects. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

    Forward-Looking Statements

    The information in this news release has been prepared as at March 20, 2025. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

    Forward-looking statements in this news release include, without limitation, statements relating to the expected closing of the Private Placement (including the expected closing date), Agnico Eagle’s ownership interest in Cartier upon closing of the Private Placement and Agnico Eagle’s acquisition or disposition of securities of Cartier in the future.

    Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

    View original content to download multimedia:https://www.prnewswire.com/news-releases/agnico-eagle-announces-additional-investment-in-cartier-resources-inc-302406980.html

    SOURCE Agnico Eagle Mines Limited

    MIL OSI Economics –

  • MIL-Evening Report: Australia’s PBS means consumers pay less for expensive medicines. Here’s how this system works

    Source: The Conversation (Au and NZ) – By Bonny Parkinson, Associate Professor, Macquarie University Centre for the Health Economy, Macquarie University

    The United States pharmaceutical lobby has complained to US President Donald Trump that Australia’s Pharmaceutical Benefits Scheme (PBS) is damaging their profits and has urged Trump to put tariffs on pharmaceutical imports from Australia.

    Prime Minister Anthony Albanese defended the scheme, saying Australia’s pharmaceutical subsidy scheme was “not up for negotiation”. Opposition Leader Peter Dutton said he would also protect the PBS, which was the “envy of the world”.

    But what exactly is the PBS, and why does it matter?

    How did the PBS start?

    In the early 1900s, Australians had to pay for medicines out-of-pocket. Some could get free or cheap medicines at public hospitals or through Friendly Society Dispensaries, but otherwise access was restricted to those who could afford to pay.

    At the time, few effective medicines were available. But the development of insulin and penicillin in the 1920s made access to medicines much more important.

    The Constitution gave the federal government limited powers in the provision of health and welfare, which were largely the responsibility of the states. After World War II, the federal government wanted to expand these powers but it encountered several constitutional roadblocks.

    A rare successful referendum in 1946 changed that, enabling the National Health Act 1953 to pass. This established the PBS as we know it today.

    How does the PBS work in practice?

    The PBS covers the cost of medicines prescribed by doctors. Most are dispensed at community pharmacies (such as treatments for heart disease, the pill and antibiotics), but some more expensive ones are available at public hospitals or specialist treatment centres (such as chemotherapies and IVF medicines).

    In 2023–24 there were 930 different medicines and 5,164 brands listed on the PBS, costing the government $17.7 billion.

    The government negotiates the price of each medicine with the pharmaceutical company. Pharmacies then buy these medicines from wholesalers or companies.

    When a patient fills a prescription at a pharmacy, they pay a co-payment. The government pays the difference between the agreed price and the co-payment to the pharmacy – costs that may amount to hundreds of thousands of dollars.

    There are two co-payments: one for concession card holders ($7.70) and one for the general consumer ($31.60). When a patient hits the annual spending limit (safety net threshold), the co-payment falls to $0 for concession patients and $7.70 for the general consumer.

    Overall, patients contribute 8.4% to the total cost of the PBS, while the government pays the rest.

    How are medicine prices set?

    The PBS is split into two categories:

    – F1: new, patent-protected medicines with no competition

    – F2: medicines with multiple brands, including generics.

    F1 medicines

    To be listed on the PBS, a new medicine goes through the following process:

    1. It’s evaluated for safety, efficacy and quality.

    2. A panel of experts (including doctors, pharmacists, epidemiologists, health economists, health consumer advocates and a pharmaceutical industry representative) recommends which medicines should be listed on the PBS, based on effectiveness, safety, cost-effectiveness and the total cost on the budget of the medicine versus alternative treatments.

    3. If the panel recommends a medicine, the price and details of the listing may be further negotiated with the government. (If the panel rejects a medicine, companies may revise their application and re-submit.)

    4. Finally, the health minister, and subsequently the Cabinet, formally approves or rejects the panel’s recommendation. If approved, the medicine is listed on the PBS.

    F2 medicines

    Generic medicine companies may apply to list another brand on the PBS after a medicine loses patent protection. When this happens, the medicine moves from F1 to F2. Immediately, it incurs a mandatory price discount.

    Generic medicine companies may offer pharmacists discounts on the PBS list price (for example, ten for the price of nine). Pharmacists then encourage patients to switch to the cheaper medicine.

    Companies must disclose these discounts to the government, resulting in further price reductions.

    Is the PBS system unique?

    Australia is not special. Many countries use similar assessments to determine whether governments should subsidise new medicines, including the National Institute for Health and Care Excellence (NICE) in the United Kingdom, Canada’s Drug Agency, and Pharmac in New Zealand.

    Small differences exist, including whether the list of medicines is a positive (and they’re subsidised) or negative (meaning they’re not subsidised), whether the lists are established at the central level (such as the PBS in Australia) or local level (such as by province in Canada) or a mixture, and how co-payments are set.

    Generic medicine companies in Australia may offer pharmacists discounts on their products.
    National Cancer Institute/Unsplash

    The biggest outlier is the US. Similar to its health system, the medicines system is a complex and decentralised mix of public and private organisations, including government agencies, independent organisations, health-care providers and payers such as health insurers.

    What are the benefits of the PBS?

    The PBS ensures all Australian patients have access to highly effective medicines. This contributes to a high life expectancy, while keeping health-care costs low relative to other developed countries.

    This has been achieved by keeping prices down for both F1 and F2 medicines. By doing so, it creates room in the government budget to fund other new medicines.

    Without the PBS, either taxes or co-payments would have to increase, or fewer medicines funded.

    Other benefits include having a level playing field for all medicines, while maintaining flexibility to fund highly effective medicines for patients with unmet needs.

    What are the drawbacks of the PBS system?

    No system is without its drawbacks and risks. The PBS’s drawbacks include:

    • limited patient involvement in the process
    • the high frequency of re-submissions and delays to PBS listing
    • companies being unwilling to submit off-patent medicines for PBS listing due to high costs and low rewards
    • the ongoing lack of high-quality clinical evidence about medicines to treat rare diseases and certain patient populations, such as children.

    Another issue is medicine shortages. When PBS-listed brands aren’t available due to supply chain issues, other non-PBS listed brands may be available at full cost to the patient. Increased medicine costs can discourage patients from filling necessary prescriptions, which can have longer-term impacts on health and health expenditure.

    Finally, companies have argued Australia’s small market size plus low PBS prices can make it financially unviable to bring new medicines to Australia.

    The PBS is a crucial part of Australia’s health system, making essential medicines affordable, while keeping costs down. Like any system, it has its challenges and there is ongoing debate about whether and how the system should change.



    Read more:
    Will the US trade war push up the price of medicines in Australia? Will there be drug shortages?

    Bonny Parkinson receives funding from the Australian government to conduct evaluations of medicines to be listed on the Pharmaceutical Benefits Scheme. She also supervises students funded by PhD scholarships (received by the student, not Bonny Parkinson), including the Macquarie University Research Excellence Scholarship and Macquarie University Australian Pharmaceutical Scholarship, with support from six pharmaceutical companies: Amgen Australia, Janssen Australia, MSD Australia, Pfizer Australia, Roche Australia, and Abbvie Australia.

    – ref. Australia’s PBS means consumers pay less for expensive medicines. Here’s how this system works – https://theconversation.com/australias-pbs-means-consumers-pay-less-for-expensive-medicines-heres-how-this-system-works-252736

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: MEXC Introduces Bedrock (BR) Listing with Spot & Futures Trading, Offering 150,000 USDT to Power Next-Gen DeFi Restaking

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 20, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the listing of Bedrock (BR) on both spot and futures markets, scheduled for March 20, 2025, 12:05 (UTC), subject to sufficient liquidity. To celebrate the launch, MEXC is introducing an Airdrop+ rewards pool totaling 150,000 USDT, strengthening its support for innovative multi-asset liquid restaking solutions in the DeFi ecosystem.

    Revolutionizing DeFi: MEXC Lists Bedrock (BR) to Drive Multi-Asset Restaking Adoption

    Bedrock (BR) is an innovative blockchain project offering a multi-asset liquid restaking protocol, enabling users to earn enhanced yields on Ethereum, Bitcoin, and DePIN rewards while retaining liquidity. By integrating with DeFi ecosystems such as EigenLayer, Babylon, and the Bedrock Diamonds rewards system, Bedrock helps users maximize asset efficiency and compound returns. With 278,627 token holders, $441.77M total restaked, and 4,628.28 BTC in reserves, it delivers a robust suite of solutions that seamlessly integrate staking and restaking functionalities. The BR token serves as a key utility and governance component, driving growth and adoption across multiple blockchain networks. Learn more about Bedrock (BR) here.

    By listing Bedrock (BR), MEXC underscores its dedication to championing transformative DeFi protocols. Leveraging its robust trading environment, deep liquidity, and expansive global reach, MEXC provides Bedrock with a powerful launchpad to scale the adoption of its multi-asset liquid restaking technology. Through strategic marketing initiatives, trading events, and ecosystem collaborations, MEXC amplifies Bedrock’s visibility, showcasing its pioneering contributions to yield optimization, governance, and cross-chain synergy. This approach allows MEXC to bridge cutting-edge innovations with global markets, empowering participants across the DeFi spectrum.

    Celebrate the BR Listing with a 150,000 USDT Prize Pool

    MEXC continues its mission to support innovative blockchain projects by listing Bedrock (BR) in the Innovation Zone on March 20, 2025(UTC). The BR/USDT spot market will be available first, followed by the BR USDT perpetual futures launch , offering up to 50x leverage in both cross and isolated margin modes.

    To mark the occasion, a 150,000 USDT prize pool will be available through a series of exclusive events from March 18, 2025, at 11:00 (UTC) to April 1, 2025, at 11:00 (UTC).

    Event 1: Airdrop+ Rewards

    • Deposit and share 90,000 USDT (New user exclusive).
    • Futures Challenge — Trade to share 50,000 USDT in futures bonuses (Open to all users).
    • Invite friends and share 10,000 USDT (Open to all users).

    Your Easiest Way to Trending Tokens

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12e5bc85-cc42-49ed-8284-6cd27fb0f6c6

    The MIL Network –

  • MIL-OSI: Orezone Gold Reports Record Revenue and Net Income for 2024

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 20, 2025 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX: ORE, OTCQX: ORZCF) (“Orezone” or “Company”) is pleased to report its operational and financial results for the fourth quarter and full year ended December 31, 2024, and its 2025 guidance.   All dollar amounts are in USD unless otherwise indicated and abbreviation “M” means million.

    Highlights

    • Q4-2024 gold production of 36,502 oz, a 37% increase from the previous quarter.  
    • 2024 gold production of 118,746 oz, exceeding the mid-point of guidance.
    • AISC per oz sold of $1,273 for Q4-2024 and $1,447 for 2024.
    • Record revenue of $283.5M from the sale of 118,697 gold oz at an average realized price of $2,384 per oz in 2024. Gold sales remain unhedged to rising gold prices.
    • 2024 Adjusted EBITDA of $117.2M, Net Income attributable to Orezone shareholders of $55.7M and Earnings per Share attributable to Orezone shareholders of $0.14 and $0.13 on a basic and diluted basis, respectively.
    • Liquidity of $103.2M at year-end with cash of $74.0M and undrawn debt of $29.2M available to finance 2025 growth plans.
    • Stage 1 of hard rock expansion progress continues with first gold on track for Q4-2025.
    • Advancing work towards a secondary listing on the Australian Securities Exchange in mid-2025.

    Patrick Downey, President and CEO, commented “Strong Q4-2024 gold production of 36,502 oz helped deliver another record year for revenue of $283.5 million and net income of $64.1 million while meeting annual production guidance for a second consecutive year. Importantly, Orezone commenced construction of its hard rock expansion in the second half of 2024, a main step towards sustained production growth and setting the foundation for a transformational 2025 where we expect to pour first gold on this brownfield expansion in Q4-2025. First stage of the hard rock expansion is expected to increase the Company’s annual gold production to 170,000 – 185,000 oz in 2026.

    With continued strong gold prices and the closing of recent financings, the Company is well-placed to make further strategic investments in its Bomboré Mine by undertaking additional discovery-focused exploration on high potential targets and evaluating an accelerated start to the second stage of the hard rock expansion which would further increase annual gold production to 220,000 – 250,000 oz.

    The accomplishments achieved in 2024 is a testament to the strength of our team underpinned by the support of our community and government partners, and new and existing shareholders. We remain steadfast in our goal of creating lasting value for all stakeholders.”

    Highlights for Fourth Quarter and Year Ended December 31, 2024 and Significant Subsequent Events

    (All mine site figures on a 100% basis)   Q4-2024 Q4-2023 FY2024 FY2023
    Operating Performance          
    Gold production oz 36,502 33,916 118,746 141,425
    Gold sales oz 34,833 33,782 118,697 139,696
    Average realized gold price $/oz 2,632 1,986 2,384 1,940
    Cash costs per gold ounce sold1 $/oz 1,077 1,083 1,233 972
    All-in sustaining costs1 (“AISC”) per gold ounce sold $/oz 1,273 1,246 1,447 1,127
    Financial Performance          
    Revenue $000s 91,837 67,580 283,517 271,491
    Earnings from mine operations $000s 45,321 16,108 117,710 97,150
    Net income attributable to shareholders of Orezone1 $000s 30,091 4,012 55,711 43,146
    Net income per common share attributable to shareholders of Orezone          
    Basic $ 0.06 0.01 0.14 0.12
    Diluted $ 0.06 0.01 0.13 0.12
    EBITDA1 $000s 48,139 15,308 128,307 108,418
    Adjusted EBITDA1 $000s 45,058 26,702 117,233 120,036
    Adjusted earnings attributable to shareholders of Orezone1 $000s 27,550 14,267 45,977 53,665
    Adjusted earnings per share attributable to shareholders of Orezone1 $ 0.06 0.04 0.11 0.15
    Cash and Cash Flow Data          
    Operating cash flow before changes in working capital $000s 52,520 28,167 98,444 123,029
    Operating cash flow $000s 28,020 13,891 57,697 79,950
    Free cash flow1 $000s 12,543 682 11,725 36,172
    Cash, end of period $000s 74,021 19,483 74,021 19,483

    1 Cash costs, AISC, EBITDA, Adjusted EBITDA, Adjusted earnings, Adjusted earnings per share, and Free cash flow are non-IFRS measures. See “Non-IFRS Measures” section below for additional information.

    Full Year 2024 Highlights

    • Outstanding Safety Performance: 5.4M hours worked without a lost-time injury and a low total recordable injury frequency rate of 0.75.
    • Strong Liquidity: Available liquidity of $103.2M at year-end with $74.0M in cash and XOF 17.5 billion ($29.2M) available to be drawn on the Phase II debt facility with Coris Bank International (“Coris Bank”). The Company is well-funded to carry out its 2025 growth plans including the completion of stage 1 of the Phase II hard rock expansion and a minimum 20,000 m diamond drilling exploration program.    
    • Gold Production Guidance Achieved: Gold production of 118,746 oz which exceeded the mid-point of guidance, marking the second consecutive year that the Bomboré Mine has met production guidance since the start up of operations.
    • AISC Per Oz Within Updated Guidance: AISC per oz of $1,447 was within the updated guidance range with operating costs impacted by higher-than-anticipated government royalties and power costs. Relative to original guidance, government royalties were $31 per oz higher due to a better realized gold price and power costs were $57 per oz higher from lower-than-normal grid availability due to regional power issues in the H1-2024. These two cost overrun contributors were both out of the Company’s control and if their cost impacts were removed, original AISC guidance of $1,300 per oz to $1,375 per oz would have been met.
    • Record Annual Revenue: Revenue of $283.5M from the sale of 118,697 gold oz at a realized gold price of $2,384 per oz. The Company’s gold sales remain unhedged to rising gold prices.
    • Record EBITDA, Net Income, and Earnings Per Share: Reported record EBITDA of $128.3M and net income attributable to Orezone shareholders of $55.7M, primarily driven by a 23% increase in the realized gold price from the prior year. Net income per share attributable to Orezone shareholders was a record $0.14 per share on a basic basis and $0.13 per share on a diluted basis.
    • Continued Free Cash Flow Generation: Generated free cash flow of $11.7M with cash flow from operating activities totalling $98.4M after deducting taxes paid of $26.2M but before changes in non-cash working capital. Non-cash working capital increased by $40.7M primarily from the build-up of VAT receivables and long-term ore stockpiles. Cash flow used in investing activities totalled $46.0M as capital expenditures remained elevated as the Company executes on its growth initiatives including the Phase II hard rock expansion.
    • Phase II Hard Rock Expansion on Track for First Gold in 2025: The Company’s Board approved a positive construction decision on stage 1 of the Phase II hard rock expansion on July 10, 2024 after the Company had secured $105M in binding debt and equity commitments described below for the construction. Under stage 1, a 2.5M tonnes per annum (“tpa”) process plant will be built to recover gold from hard rock mineral reserves which is expected to increase future production levels by 50% to over 170,000 oz per annum. First gold for stage 1 of the Phase II expansion remains on track for Q4-2025 with commercial production expected shortly thereafter in early 2026.
    • Phase I Debt Reduced, Bridge Loan Repaid, and Phase II Expansion Financing Secured: Principal repayments totalling XOF 24.0 billion ($39.3M) were made on the Company’s senior borrowings with Coris Bank, including the extinguishment of the XOF 12.0 billion ($19.8M) bridge loan. On August 8, 2024, the Company completed a non-brokered private placement for net proceeds of C$64.8M ($47.3M) with a new cornerstone investor, Nioko Resources Corporation (“Nioko”), a leading West African investment group. On December 19, 2024, the Company successfully upsized its senior debt facility with Coris Bank through a new term loan for XOF 35.0 billion ($58.3M) (“Phase II Term Loan”) to be drawn in multiple tranches as construction progresses. The Company made its first drawdown of XOF 17.5 billion ($27.9M) on the Phase II Term Loan in December 2024.
    • Multi-year Exploration Drill Program Initiated: In August 2024, the Company initiated a multi-year discovery focused drill program with an initial 30,000 m of drilling designed to test the broader size and scale of the Bomboré mineralized system. Initial results from drilling at the North Zone intercepted mineralization 240 m below the current reserve pit limit, including 1.67 g/t gold over 46.00 m, demonstrating the continuity and robustness of the mineralized system at depth, both in terms of grade and overall width (see October 10, 2024 news release).

    Q4-2024 Highlights

    • Gold Production: Quarterly gold production of 36,502 oz increased 37% from Q3-2024 as a result of record plant throughput and improved head grades. Mining extended to Siga East and Siga South pits for a full quarter which contributed a greater blend of soft oxide ore at higher grades to the mill feed.
    • AISC Per Oz: AISC per oz sold was $1,273 per oz, a 23% decrease from Q3-2024, driven mainly by improved gold production as a result of higher grades and better plant throughput.
    • EBITDA, Net Income, and Earnings Per Share: Reported EBITDA of $48.1M and net income attributable to Orezone shareholders of $30.1M. Net income per share attributable to Orezone shareholders was $0.06 per share on both a basic and diluted basis.
    • Free Cash Flow: Generated free cash flow of $12.5M with cash flow from operating activities totalling $52.5M after deducting taxes paid of $6.3M but before changes in non-cash working capital. Cash flow used in investing activities totalled $15.5M as expenditures for the Phase II hard rock expansion began to ramp up.

    Events Subsequent to 2024 Year-End

    • Bought Deal Offering: On March 13, 2025, the Company closed on a public offering of common shares on a bought deal basis with Canaccord Genuity Corp. (“Canaccord”) pursuant to which the Company agreed to sell 42,683,000 common shares at a price of C$0.82 per share for aggregate gross proceeds of C$35,000,060. Net proceeds from the offering will be used to conduct early works for stage 2 of the Phase II hard rock expansion and for additional exploration. Under stage 2, processing capacity of the hard rock plant will double from the 2.5Mtpa design in stage 1 to 5.0Mtpa after completion of stage 2.
    • Over-allotment Exercise: Canaccord has exercised its over-allotment in full on the bought deal offering and has agreed to purchase an additional 6,402,450 common shares at a price of C$0.82 per share for aggregate gross proceeds of C$5,250,009. The purchase of shares from the over-allotment closed on March 19, 2025.
    • Private Placement with Nioko: The Company has announced that Nioko intends to acquire, on a non-brokered private placement basis, for 10,719,659 additional common shares at a price of C$0.82 per share for aggregate gross proceeds of C$8,790,121 to maintain its 19.9% share ownership (before the over-allotment exercise). Closing of this private placement is subject to approval of the TSX and is anticipated to occur in late March 2025.
    • Intention to List on the Australian Securities Exchange (“ASX”): The Company intends to pursue a secondary listing on the ASX by mid-2025, subject to market conditions and the satisfaction of ASX listing requirements as announced in its February 23, 2025 press release. The Company believes a dual listing on the ASX will increase trading liquidity and allow it to access a deeper pool of investors, including specialist mining focused funds.

    2024 Performance and 2025 Guidance

    2024 Performance Compared Against Guidance

    Bomboré Mine (100% basis) Unit Original
    FY2024 Guidance    		 Revised
    FY2024 Guidance4    		 FY2024
    Actuals
    Gold production Au oz 110,000 – 125,000 Unchanged  118,746
    All-In Sustaining Costs123 $/oz Au sold $1,300 – $1,375 $1,400 – $1,475 $1,447
    Sustaining capital12 $M $14 – $15 Unchanged $16.0
    Growth capital – non Phase II Expansion12 $M $16 – $17 Unchanged $17.6
    Growth capital – Phase II Expansion early works12 $M No guidance provided $3.6 $3.6
    Growth capital – Phase II Expansion12 $M No guidance provided $15.0 – $18.0 $15.3
    1. Non-IFRS measures. See “Non-IFRS Measures” section below for additional information.
    2. Foreign exchange rates used to forecast cost metrics include XOF/USD of 600 and CAD/USD of 1.30.
    3. Government royalties of $160/oz included in original AISC guidance based on an assumed gold price of $2,000 per oz. Government royalties of $200/oz were estimated in the revised AISC guidance from a better gold price realized.
    4. Revised guidance details presented in Q3-2024 MD&A.

    2025 Guidance

    Bomboré Mine (100% basis) Unit FY2025 Guidance
    Gold production Au oz 115,000 – 130,000
    All-In Sustaining Costs123 $/oz Au sold $1,400 – $1,500
    Sustaining capital12 $M $9 – $10
    Growth capital (excluding Phase II Expansion)12 $M $44 – $51
    Growth capital – Stage 1 of Phase II Expansion12 $M $75 – $80
    1. Non-IFRS measure. See “Non-IFRS Measures” section below for additional information.
    2. Foreign exchange rates used to forecast cost metrics include XOF/USD of 600 and CAD/USD of 1.35.
    3. Government royalties included in AISC guidance based on an assumed gold price of $2,600 per oz.

    Gold production in 2025 is forecasted to range between 115,000 to 130,000 oz, with the highest production expected in the fourth quarter from the scheduled start-up of the Phase II hard rock plant. Projected gold production from hard rock reserves is between 5,000 to 10,000 oz with actual production dependent on the timing and ramp-up of the new hard rock circuit. Gold production from the existing Phase I oxide plant is guided between 110,000 to 120,000 oz, similar to that achieved in 2024.

    Mining will be concentrated within three main pits delivering most of the direct feed ore with the H pit in the North Zone, and the Siga East and Siga South pits in the South Zone. The 2025 mine plan calls for 22.4M tonnes to be mined by the mining contractor at a strip ratio of approximately 1.8.   The mining contractor placed new excavators, dump trucks, and support equipment into service in November 2024 and is organizing to mobilize additional equipment to site later this year in preparation for the start-up of hard rock mining.

    AISC in 2025 is expected to range between $1,400 to $1,500 per oz sold. AISC per oz is expected to be comparable to 2024 with a small decrease in head grades, an increased strip ratio, and greater government royalties from a higher assumed gold price offset by lower sustaining capital, higher grid utilization, and higher plant throughput from fewer power interruptions and enhanced maintenance practices.

    Sustaining capital is budgeted to fall within the range of $9M to $10M with expenditures directed towards the completion of tailings storage facility (“TSF”) stage 4 lift, extension of the main haul road and perimeter fencing at the southern end of the mining permit, and other capital improvements to the process plant, camp, and mine support equipment and facilities.

    Growth capital is expected to range between $119M to $131M on four major growth projects:

    No. Growth Capital Description Unit FY2025 Guidance
    I. Phase II Hard Rock Expansion – Stage 1 $M $75 – $80
    II. Permanent Back-up Diesel Power Plant $M $22 – $24
    III. TSF Footprint Expansion – Cell 2 $M $11 – $13
    IV. Resettlement Action Plan (“RAP”) $M $11 – $14
      Growth Capital Total $M $119 – $131
           
      Phase II Hard Rock Expansion – Stage 2 $M No guidance provided

    The Company has reserved guidance on 2025 expenditures for stage 2 of the Phase II hard rock expansion until the Company’s Board of Directors has issued a final investment decision to proceed with stage 2 expected later this year. Stage 2 would increase annual gold production to 220,000 – 250,000 oz.  

    I.      Phase II Hard Rock Expansion – Stage 1

    A new 2.5Mtpa hard rock plant to process fresh and lower transition ore is currently under construction and once completed, will operate in tandem with the existing Phase I oxide plant. The current flowsheet for stage 1 of this brownfield expansion consists of a primary jaw crusher, an 18-hour crushed ore stockpile, a single stage 9MW SAG mill, hydrocyclones, and a carbon-in-leach (“CIL”) circuit consisting of five 15.8 m diameter leach tanks. Loaded carbon will be treated in the shared gold recovery circuit, producing gold doré bars from the existing gold room. Tailings from the CIL circuit will be pumped into the expanded tailings facility.

    The Company completed a comprehensive review of the construction progress and costing as part of its annual budgeting exercise for 2025. From this review, schedule to first gold remains in Q4-2025 with a project budget of $90M – $95M with $75M – $80M forecasted in 2025.

    II.      Permanent Back-Up Diesel Power Plant

    A new diesel power plant will be installed to provide continuous power to both the Phase I oxide plant and Phase II hard rock plant when the national grid is unavailable or unable to provide stable power.

    Following a competitive tender, the Company awarded the engineering, supply, installation, and commissioning of this new power plant to Africa Power Services (“APS”). APS will supply 18 Caterpillar diesel gensets with 1.8MW rated capacity each that will function as back-up units to the grid to meet the 18MW to 20MW load demand of both processing circuits. This new power plant is scheduled for final commissioning in October 2025 and will replace the APS genset rentals that are currently providing power on a back-up basis.

    III.      TSF Footprint Expansion – Cell 2

    The TSF starter dam over the Cell 1 footprint was completed prior to the start of processing operations in 2022. Lifts of the Cell 1 embankment walls have been completed each year to add storage to hold the volume of tailings expected to be generated by the mine for the upcoming year. The stage 4 lift is currently in progress and is slated for completion in June 2025 with costs captured under sustaining capital.

    To optimize costs of future tailings lifts and to meet the higher annual storage requirements from the Phase II hard rock expansion, work to expand the TSF footprint southwards into Cell 2 will begin in 2025 and continue into 2026, and include the HDPE lining of the Cell 2 basin and installation of underdrainage to improve water recovery and dam stability. Cell 2 will cover the ultimate TSF footprint and is designed to ensure that future annual lifts will provide sufficient storage of tailings generated each year by the combined oxide and expanded stage 2 (5Mtpa) hard rock operations.

    IV.      Resettlement Action Plan – Phases II, III, and IV

    RAP Phases II and III commenced in 2023 and will see the construction of three new resettlement communities (MV3, MV2, and BV2) to help relocate households occupying areas within the southern half of the Bomboré mining permit. Both MV3 and MV2 were successfully completed in 2024 followed by the start of BV2 construction in late 2024.

    RAP Phase IV was presented as part of the Environment Social Impact Assessment (“ESIA”) submitted by the Company in 2024 to expand the current mining permit by an additional 5.56 km2.

    Construction costs of $8.0M to $10.0M are forecasted in 2025 to complete the remaining construction of BV2 by October 2025 and for the anticipated start of RAP Phase IV construction in Q4-2025. RAP costs of $3.0M to $4.0M are estimated for compensation, consultants, relocation allowances, and livelihood restoration programs.

    Revenue Protection Program for 2025

    The Company has implemented a low-cost revenue protection program for approximately half of its forecasted gold production in 2025 by purchasing 60,000 oz of put options with a strike price of $2,300 per oz at a cost of $0.8M. These options were acquired in November 2024 from a leading Canadian chartered bank and are structured as a monthly program of 5,000 oz options with option expiries at each month-end.

    The purchase of put options allows the Company to secure margin on its gold sales should gold prices fall significantly while retaining full upside to rising gold prices. The Company invested in these put options due to the large capital programs planned for 2025.

    Bomboré Gold Mine, Burkina Faso (100% Basis)

    Operating Highlights   Q4-2024   Q4-2023   FY2024 FY2023  
    Safety          
    Lost-time injuries frequency rate per 1M hrs 0.00   0.00   0.00 0.00  
    Personnel-hours worked 000s hours 1,326   1,301   5,366 4,394  
    Mining Physicals          
    Ore tonnes mined tonnes 2,063,262   2,883,006   7,889,973 9,247,175  
    Waste tonnes mined tonnes 2,655,783   3,048,669   11,921,398 11,237,079  
    Total tonnes mined tonnes 4,719,045   5,931,675   19,811,370 20,484,254  
    Strip ratio waste:ore 1.29   1.06   1.51 1.22  
    Processing Physicals          
    Ore tonnes milled tonnes 1,652,844   1,449,769   5,928,599 5,749,163  
    Head grade milled Au g/t 0.77   0.82   0.71 0.85  
    Recovery rate % 89.1   88.9   88.2 90.4  
    Gold produced Au oz 36,502   33,916   118,746 141,425  
    Unit Cash Cost          
    Mining cost per tonne $/tonne 3.50   3.05   3.49 3.01  
    Mining cost per ore tonne processed $/tonne 7.37   6.31   8.44 6.77  
    Processing cost $/tonne 7.00   10.84   8.27 10.14  
    Site general and admin (“G&A”) cost $/tonne 4.07   4.85   3.90 3.95  
    Cash cost per ore1tonne processed $/tonne 18.44   22.00   20.61 20.86  
    Cash Costs and AISC Details          
    Mining cost (net of stockpile movements) $000s 12,174   9,146   50,008 38,932  
    Processing cost $000s 11,563   15,719   49,049 58,285  
    Site G&A cost $000s 6,719   7,036   23,124 22,707  
    Refining and transport cost $000s 193   141   497 519  
    Government royalty cost $000s 7,512   5,163   22,739 17,508  
    Gold inventory movements $000s (647 ) (606 ) 892 (2,190 )
    Cash costs on a sales basis $000s 37,514   36,599   146,309 135,761  
    Sustaining capital $000s 4,245   3,558   15,997 14,002  
    Sustaining leases $000s 73   73   292 301  
    Corporate G&A cost $000s 2,511   1,874   9,154 7,325  
    All-In Sustaining Costs1on a sales basis $000s 44,343   42,104   171,752 157,389  
    Gold sold Au oz 34,833   33,782   118,697 139,696  
    Cash costs per gold ounce sold1 $/oz 1,077   1,083   1,233 972  
    All-In Sustaining Costs per gold ounce sold1 $/oz 1,273   1,246   1,447 1,127  

    1 Non-IFRS measure. See “Non-IFRS Measures” section below for additional details.

    Bomboré Production Results

    Q4-2024 vs Q4-2023

    Gold production in Q4-2024 was 36,502 oz, an increase of 8% from the 33,916 oz produced in Q4-2023. The higher gold production is attributable to a 14% increase in plant throughput offset by a 6% decrease in head grades.

    The better head grades in Q4-2023 were from the sequencing of higher-grade pits in earlier periods of the mine plan and greater ore release from more tonnes mined allowing for the stockpiling of lower-grade ore. More tonnes were mined in Q4-2023 as a second mining contractor was utilized to assist with mining volumes.

    Plant throughput of 1.65M tonnes in Q4-2024 hit a new quarterly record as processing operations benefitted from higher hourly throughput, greater blend of soft oxide ore, and less maintenance. Improvements to hourly plant throughput were successfully instituted in July 2024 by increasing the mill power and reducing residence time in the CIL circuit with only a minor effect to recovery rates. Mining at the new Siga East and Siga South pits for a full quarter in Q4-2024 resulted in the release of more tonnes of softer oxide ore while completion of all scheduled major plant maintenance in earlier quarters of the year combined with high grid availability resulted in less plant downtime.

    2024 vs 2023

    Gold production in 2024 was 118,746 oz, a decline of 16% from the 141,425 oz produced in 2023. The lower gold production is attributable to a 16% decrease in head grades and a 2% decrease in plant recoveries, partially offset by a 3% increase in plant throughput.

    Head grades in 2023 were higher from the sequencing of higher-grade pits in earlier periods of the mine plan and the processing of high-grade stockpiles accumulated during the Phase I construction, with such stockpiles being fully depleted by June 2023.

    Plant recoveries were lower in 2024 as a direct result of lower head grades, a greater blend of transition ore, and less residence in the CIL circuit.

    Plant throughput was higher in 2024 from the operating procedures followed in the H2-2024 to maximize hourly plant throughput.

    Bomboré Operating Costs

    Q4-2024 vs Q4-2023

    AISC per gold oz sold in Q4-2024 was $1,273, a 2% increase from $1,246 per oz sold in Q4-2023. The higher AISC is the result of: (a) lower head grades; (b) greater per oz royalty costs from a 33% increase in the realized gold price ($2,632/oz vs $1,986/oz) coupled with higher royalty rates that took effect in October 2023; and (c) increased mining costs attributable to deeper pits, drill-and-blast associated with harder transition ore, and higher strip ratio. This cost increase was partially offset by a reduction in power costs from the switch to lower-cost grid power in February 2024 (92% grid utilization in Q4-2024) and from a 14% jump in plant throughput resulting in economies for fixed costs.

    Cash cost per ore tonne processed in Q4-2024 was $18.44 per tonne, a decrease of 16% from $22.00 per tonne in Q4-2023, as a result of the use of lower-cost grid power and a 14% increase in plant throughput positively impacting unit cost for processing ($7.00/tonne vs $10.84/tonne) and site G&A ($4.07/tonne vs $4.85/tonne), partially offset by a 17% increase in mining costs per ore tonne processed ($7.37/tonne vs $6.31/tonne) attributable to higher strip ratio and unit mining cost.

    Mining cost per tonne has increased in Q4-2024 when compared to Q4-2023 ($3.50/tonne vs $3.05/tonne) as lower benches in the pits in the Northern Zone are mined resulting in longer hauls and more transition material that requires some drill-and-blast prior to excavation and greater rehandle prior to feeding into the dump pocket on the ROM pad combined with more grade control drilling for the new Siga pits.

    Processing costs per ore tonne decreased in Q4-2024 when compared to Q4-2023 ($7.00/tonne vs $10.84/tonne) mainly from the continuing cost benefit of utilizing grid power which has lowered power cost from $5.57/tonne in Q4-2023 to $2.39/tonne in Q4-2024, a drop of $3.18/tonne. Grid performance remained reliable and steady in Q4-2024 with 92% utilization, consistent with utilization in Q3-2024, and a significant improvement from Q2-2024 when grid utilization was 34% as issues with the supply system in Ghana and Côte D’Ivoire temporarily reduced power export into Burkina Faso.

    2024 vs 2023

    AISC per gold oz sold in 2024 was $1,447, a 28% increase from $1,127 per oz sold in 2023. The higher AISC is primarily the result of a 16% decline in head grades, higher government royalties from a better realized gold price and higher royalty rates, higher strip ratio and unit cost for mining, and moderate increases in sustaining capital and corporate G&A, partially offset by a reduction in processing costs from the switch to grid power as the primary power source in February 2024.

    Bomboré Growth Capital Projects

    Grid Power Connection

    The powerline to connect Bomboré to Burkina Faso’s national energy grid was successfully energized in February 2024. As of December 31, 2024, the Company has incurred costs of $19.9M, of which $0.2M was incurred in Q4-2024 and $1.6M in 2024. The Company plans to make minor upgrades to the grid connection in 2025 by installing equipment and software that will reduce the quantity of reactive power and hence, surcharges imposed by SONABEL, the state-owned electricity company of Burkina Faso.

    RAP Phases II and III

    Construction of MV3 and MV2 resettlement sites and the relocation of families to their new homes at these sites were completed in 2024. Construction on the BV2 resettlement site commenced in Q4-2024. Compensation payments to affected residents for loss of land, crops, trees, and private structures were also made in the year.

    As of December 31, 2024, the Company has incurred project-to-date costs of $26.5M for RAP Phases II and III, of which $4.3M was incurred in Q4-2024 and $16.0M in 2024.

    Phase II Hard Rock Expansion

    First gold remains on schedule and costs are trending in line with the most recent control budget. The concentrated scope of this expansion when compared to a greenfield project significantly reduces schedule and budget risks with start-up to benefit from the well-established mining, processing, and maintenance teams already on site.

    Construction of stage 1 of Phase II hard rock expansion was officially approved by the Company’s Board in early July 2024. To maintain first gold by Q4-2025, the Company undertook early work activities in H1-2024 which included front-end engineering and design, geotechnical investigations, additional office and camp accommodations, 18MW SAG mill order placement (subsequently cancelled), and bulk earthworks on the new plant layout.

    Lycopodium Minerals Canada (“Lycopodium”) was awarded the engineering and procurement contract and was chosen for their successful track record of designing and constructing numerous gold plants in West Africa, including the Company’s oxide plant that is currently in operations and exceeding nameplate design.

    Progress and milestones achieved on the expansion in 2024 include:

    • Engineering and drafting progress stood at 52% and ahead of plan. All bulk quantities, including concrete, structural steel, and platework, remain in line with budget.
    • Procurement was at 82% of total supply value with all long lead equipment ordered, including a 9MW SAG mill.
    • Early mobilization of concrete contractor with first concrete pour completed in November, three months ahead of schedule.
    • Tender of the structural, mechanical, and piping (“SMP”) contract with contract awarded shortly after year-end.

    All major site installation contracts (concrete, SMP, electrical and instrumentation, and mill installation) have been awarded to the same contractors that successfully delivered on the Phase I oxide construction.

    As of December 31, 2024, the Company has incurred $15.3M in costs for the Phase II hard rock expansion exclusive of the $3.6M spent on early work activities in 2024.

    NON-IFRS MEASURES

    The Company has included certain terms or performance measures commonly used in the mining industry that is not defined under IFRS, including “cash costs”, “AISC”, “EBITDA”, “adjusted EBITDA”, “adjusted earnings”, “adjusted earnings per share”, and “free cash flow”. Non-IFRS measures do not have any standardized meaning prescribed under IFRS, and therefore, they may not be comparable to similar measures presented by other companies. The Company uses such measures to provide additional information and they should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For a complete description of how the Company calculates such measures and reconciliation of certain measures to IFRS terms, refer to “Non-IFRS Measures” in the Management’s Discussion and Analysis for the year ended December 31, 2024 which is incorporated by reference herein.

    CONFERENCE CALL AND WEBCAST

    The consolidated financial statements and Management’s Discussion and Analysis are available at www.orezone.com and on the Company’s profile on SEDAR+ at www.sedarplus.ca. Orezone will host a conference call and audio webcast to discuss its fourth quarter and full year 2024 results on March 20, 2025:

    Webcast
    Date:    Thursday, March 20, 2025
    Time:    8:00 am Pacific time (11:00 am Eastern time)
    Please register for the webcast here:  Orezone 2024 Year-End Results and 2025 Guidance

    Conference Call 
    Toll-free in U.S. and Canada: 1-800-715-9871
    International callers: +646-307-1963
    Event ID: 9731374

    QUALIFIED PERSONS

    The scientific and technical information in this news release was reviewed and approved by Mr. Rob Henderson, P. Eng, Vice-President of Technical Services and Mr. Dale Tweed, P. Eng., Vice-President of Engineering, both of whom are Qualified Persons as defined under NI 43-101 Standards of Disclosure for Mineral Projects.

    ABOUT OREZONE GOLD CORPORATION

    Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its 90%-owned flagship Bomboré Gold Mine in Burkina Faso. The Company completed construction of its oxide only process plant in August 2022 and achieved commercial production on its oxide operations on December 1, 2022. The Company is expanding operations and gold production by constructing stage 1 of a Phase II hard rock plant that is expected to materially increase annual and life-of-mine gold production from the processing of hard rock mineral reserves.   Orezone is led by an experienced team focused on social responsibility and sustainability with a proven track record in project construction and operations, financings, capital markets, and M&A.   

    The technical report entitled Bomboré Phase II Expansion, Definitive Feasibility Study is available on SEDAR+ and the Company’s website.

    Patrick Downey
    President and Chief Executive Officer

    Kevin MacKenzie
    Vice President, Corporate Development and Investor Relations

    Tel: 1 778 945 8977
    info@orezone.com / www.orezone.com

    For further information please contact Orezone at +1 (778) 945-8977 or visit the Company’s website at www.orezone.com.

    The Toronto Stock Exchange neither approves nor disapproves the information contained in this news release.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains certain information that constitutes “forward-looking information” within the meaning of applicable Canadian Securities laws and “forward-looking statements” within the meaning of applicable U.S. securities laws (together, “forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “potential”, “possible” and other similar words, or statements that certain events or conditions “may”, “will”, “could”, or “should” occur, and include, amongst other statements, the Phase II hard rock expansion will increase annual gold production and is expected to pour first gold in Q4-2025.

    All forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements including, but not limited to, terrorist or other violent attacks, the failure of parties to contracts to honour contractual commitments, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; social or labour unrest; changes in commodity prices; unexpected failure or inadequacy of infrastructure, the possibility of project cost overruns or unanticipated costs and expenses, accidents and equipment breakdowns, political risk, unanticipated changes in key management personnel, the spread of diseases, epidemics and pandemics diseases, market or business conditions, the failure of exploration programs, including drilling programs, to deliver anticipated results and the failure of ongoing and uncertainties relating to the availability and costs of financing needed in the future, and other factors described in the Company’s most recent annual information form and management’s discussion and analysis filed on SEDAR+ on www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking statements.

    Forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. These assumptions and factors include, but are not limited to, assumptions and factors related to the Company’s ability to carry on current and future operations, including: development and exploration activities; the timing, extent, duration and economic viability of such operations, including any mineral resources or reserves identified thereby; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs, including gold; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the ability to meet current and future obligations; the ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.

    Although the forward-looking statements contained in this press release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this press release.

    The MIL Network –

  • MIL-OSI: FactSet Reports Results for Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Q2 GAAP revenues of $570.7 million, up 4.5% from Q2 2024.
    • Organic Q2 ASV of $2,276.2 million, up 4.1% year over year.
    • Q2 GAAP operating margin of 32.5%, down approximately 80 bps year over year, and adjusted operating margin of 37.3%, down 100 bps year over year.
    • Q2 GAAP diluted EPS of $3.76, up 3.0% from the prior year, and adjusted diluted EPS of $4.28, up 1.4% year over year.
    • Fiscal 2025 guidance updated. Expected organic ASV growth of $100 million to $130 million (approximately 4.4% to 5.8%), GAAP revenues in the range of $2,305 million to $2,325 million, adjusted operating margin in the range of 36% to 37%, and adjusted diluted EPS in the range of $16.80 to $17.40.

    NORWALK, Conn., March 20, 2025 (GLOBE NEWSWIRE) — FactSet (“FactSet” or the “Company”) (NYSE:FDS) (NASDAQ:FDS), a global financial digital platform and enterprise solutions provider, today announced results for its second quarter fiscal 2025 ended February 28, 2025.

    Second Quarter Fiscal 2025 Highlights

    • GAAP revenues increased 4.5%, or $24.8 million, to $570.7 million for the second quarter of fiscal 2025 compared with $545.9 million in the prior year period. Organic(1) revenues grew 4.0% year over year to $568.0 million during the second quarter of fiscal 2025. Growth in GAAP and Organic revenues this quarter was driven by wealth and institutional buy-side clients.
    • Annual Subscription Value (“ASV”) was $2,306.1 million at February 28, 2025, compared with $2,185.6 million at February 29, 2024. Organic ASV was $2,276.2 million at February 28, 2025, up 4.1% or $90.7 million year over year(2).
    • Organic ASV increased $19.6 million over the last three months. Please see the “ASV” section of this press release for details.
    • GAAP operating margin decreased to 32.5% compared with 33.3% for the prior year period, mainly due to an increase in acquisition-related professional fees and technology-related expenses, partially offset by growth in revenues and a decrease in employee compensation costs. Adjusted operating margin decreased to 37.3% compared with 38.3% in the prior year period, mainly due to higher technology related expenses offset by lapping of the prior year’s lower bonus accrual.
    • GAAP diluted earnings per share (“EPS”) increased 3.0% to $3.76 compared with $3.65 for the same period in fiscal 2024, primarily due to growth in revenues, partially offset by an increase in acquisition-related professional fees and technology-related expenses. Adjusted diluted EPS increased 1.4% to $4.28 compared with $4.22 in the prior year period, driven by growth in revenues, offset by higher operating expenses and a higher tax rate on an adjusted basis.
    • Net cash provided by operating activities was $174.0 million for the second quarter of fiscal 2025. Free cash flow increased to $150.2 million for the second quarter of fiscal 2025, compared with $121.9 million for the prior year period, an increase of 23.3%, primarily due to higher net cash provided by operating activities.
    • GAAP effective tax rate for the second quarter of fiscal 2025 decreased to 15.9% compared with 16.4% for the second quarter of fiscal 2024. The decrease was primarily due to lower U.S. tax on foreign earnings, partially offset by certain discrete items, mainly lower excess tax benefits related to stock-based compensation.

    (1) References to “organic” figures in this press release exclude the current year impact of acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency.

    (2) Beginning in fiscal 2025, FactSet is reporting Organic ASV, rather than Organic ASV plus Professional Services, to focus on the recurring nature of its revenues. This underscores the shift of FactSet’s offerings toward providing more managed services and less project-based services.

    “With increased visibility into the remainder of the fiscal year, we are reaffirming the 5% midpoint of our organic ASV growth guidance and narrowing the range of anticipated top-line outcomes,” said Phil Snow, CEO of FactSet. “The strength of our full-year pipeline and constructive dialogue with our clients position our business positively for growth acceleration in the second half of the year.”

    Key Financial Measures*

    (Condensed and Unaudited) Three Months Ended  
      February 28, February 29,  
    (In thousands, except per share data)   2025     2024   Change
    Revenues $ 570,660   $ 545,945   4.5 %
    Organic revenues $ 567,985   $ 545,945   4.0 %
    Operating income $ 185,492   $ 181,942   2.0 %
    Adjusted operating income $ 212,669   $ 209,326   1.6 %
    Operating margin   32.5 %   33.3 %  
    Adjusted operating margin   37.3 %   38.3 %  
    Net income $ 144,860   $ 140,940   2.8 %
    Adjusted net income $ 164,976   $ 163,067   1.2 %
    EBITDA $ 224,646   $ 216,826   3.6 %
    Diluted EPS $ 3.76   $ 3.65   3.0 %
    Adjusted diluted EPS $ 4.28   $ 4.22   1.4 %

    * See reconciliation of U.S. GAAP to adjusted key financial measures in the back of this press release.

    “We achieved solid financial performance in the first half of the fiscal year by maintaining our focus on cost discipline and increased efficiency, while continuing to invest in our strategic priorities,” said Helen Shan, FactSet’s CFO. “We are reaffirming our guidance range for adjusted operating margin and adjusted diluted EPS, despite modest dilution from our recent acquisitions.”

    Annual Subscription Value (ASV)

    ASV at any given point in time represents the forward-looking revenues for the next 12 months from all subscription services currently supplied to clients.

    ASV was $2,306.1 million at February 28, 2025, compared with $2,185.6 million at February 29, 2024. Organic ASV was $2,276.2 million at February 28, 2025, up $90.7 million from the prior year, for a growth rate of 4.1%. Organic ASV increased $19.6 million over the last three months.

    The buy-side and sell-side organic ASV annual growth rates as of February 28, 2025 were 4.1% and 2.2%, respectively. Buy-side clients, including institutional asset managers, wealth managers, asset owners, partners, hedge funds and corporate clients, accounted for 82% of organic ASV. The remaining organic ASV came from sell-side firms, including broker-dealers, banking and advisory firms, and private equity and venture capital firms. Supplementary tables covering organic buy-side and sell-side ASV growth rates may be found on the last page of this press release.

    Segment Revenues and ASV

    ASV from the Americas was $1,501.1 million compared with ASV in the prior year period of $1,413.6 million. Organic ASV from the Americas increased 4.4% to $1,474.9 million. Americas revenues for the quarter increased to $369.7 million compared with $352.6 million in the second quarter of last year. The Americas quarterly organic revenues growth rate was 4.0% over the prior year period.

    ASV from EMEA was $571.3 million compared with ASV in the prior year period of $556.5 million. Organic ASV from EMEA increased 2.6% to $571.4 million. EMEA revenues were $143.4 million compared with $139.2 million in the second quarter of fiscal 2024. The EMEA quarterly organic revenues growth rate was 3.1% over the prior year period.

    ASV from Asia Pacific was $233.7 million compared with ASV in the prior year period of $215.5 million. Organic ASV from Asia Pacific increased 6.8% to $229.9 million. Asia Pacific revenues were $57.6 million compared with $54.1 million in the second quarter of fiscal 2024. The Asia Pacific quarterly organic revenues growth rate was 6.8% over the prior year period.

    Operational Highlights – Second Quarter Fiscal 2025

    • Client count as of February 28, 2025 was 8,645, a net increase of 396 clients in the past three months, mainly due to corporates, which now includes clients from the Irwin acquisition. The count includes clients with ASV of $10,000 and more and does not reflect the LiquidityBook acquisition.
    • User count was 219,141 as of February 28, 2025, a net increase of 874 users in the past three months, mainly driven by an increase in wealth management users. The user count does not reflect the Irwin and LiquidityBook acquisitions.
    • Annual ASV retention was greater than 95%. When expressed as a percentage of clients, annual retention was 91%.
    • Employee headcount was 12,598 as of February 28, 2025, up 2.6% over the last 12 months, with the increase primarily in the sales and technology groups, mainly from the Irwin and LiquidityBook acquisitions. FactSet’s Centers of Excellence account for approximately 67% of the Company’s employees.
    • A quarterly dividend of $39.5 million, or $1.04 per share, is being paid on March 20, 2025, to holders of record of FactSet’s common stock at the close of business on February 28, 2025.
    • FactSet acquired LiquidityBook, a provider of cloud-native trading solutions. The acquisition adds technology-forward order management (OMS) and investment book of record (IBOR) capabilities to the FactSet Workstation to seamlessly link adjacent steps in the front office trade workflow and enhance FactSet’s ability to serve the integrated workflow needs of clients across the entire portfolio lifecycle.
    • FactSet launched Pitch Creator, an AI-powered tool that streamlines pitchbook creation for investment banks. By automating the time-consuming tasks of model analysis and presentation building, FactSet Pitch Creator can reduce hours of manual work into minutes, creating the productivity gains necessary for junior bankers to prioritize high-value, strategic initiatives.
    • After the quarter end, FactSet acquired LogoIntern, a productivity solution that helps financial services professionals create well formatted logo outputs for presentations faster. This acquisition reinforces FactSet’s commitment to improving junior banker productivity and complements Pitch Creator to bring automation to another time-consuming, manual aspect of a junior banker’s daily workflow.
    • FactSet appointed Kevin Toomey as Head of Investor Relations. Toomey is replacing Yet He, who was acting as Interim Head of Investor Relations and now will continue in his role as FactSet’s Treasurer and Head of Financial Planning & Analysis.

    Share Repurchase Program

    FactSet repurchased 136,714 shares of its common stock for $64.4 million at an average price of $470.70 during the second quarter of fiscal 2025 under the Company’s share repurchase program. As of February 28, 2025, $186.9 million remained available for share repurchases under this program.    

    Annual Business Outlook

    FactSet is updating its outlook for fiscal 2025. The following forward-looking statements reflect FactSet’s expectations as of today’s date. Given the risk factors, uncertainties, and assumptions discussed below, actual results may differ materially. FactSet does not intend to update its forward-looking statements prior to its next quarterly results announcement.

    Fiscal 2025 Expectations (with reference to most recent previous guidance):

    • Organic ASV is expected to grow in the range of $100 million to $130 million during fiscal 2025 (narrowing from $90 million to $140 million).
    • GAAP revenues are expected to be in the range of $2,305 million to $2,325 million (up from $2,285 million to $2,305 million).
    • GAAP operating margin is expected to be in the range of 32.0% to 33.0% (down from 32.5% to 33.5%).
    • Adjusted operating margin is expected to be in the range of 36.0% to 37.0% (unchanged).
    • FactSet’s annual effective tax rate is expected to be in the range of 17% to 18% (unchanged).
    • GAAP diluted EPS is expected to be in the range of $14.80 to $15.40 (down from $15.10 to $15.70).
    • Adjusted diluted EPS is expected to be in the range of $16.80 to $17.40 (unchanged).

    Adjusted operating margin and adjusted diluted EPS guidance do not include certain effects of any non-recurring benefits or charges that may arise in fiscal 2025. Please see the back of this press release for a reconciliation of GAAP to adjusted metrics.

    Conference Call

    Second Quarter 2025 Conference Call Details

    Please register for the conference call using the above link before the call start time. The conference call platform will register your name and organization and provide dial-in numbers and a unique access pin. The conference call will have a live Q&A session.

    A replay will be available on the Company’s investor relations website after 11:00 a.m. Eastern Time on March 20, 2025, through March 20, 2026. The earnings call transcript will be available via FactSet CallStreet.

    Forward-looking Statements

    This news release contains forward-looking statements based on management’s current expectations, estimates, forecasts and projections about industries in which FactSet operates and the beliefs and assumptions of management. All statements that address expectations, guidance, outlook or projections about the future, including statements about the Company’s strategy for growth, product development, revenues, future financial results, anticipated growth, market position, subscriptions, expected expenditures, trends in FactSet’s business and financial results, are forward-looking statements. Forward-looking statements may be identified by words like “may,” “might,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “intends,” “projects,” “indicates,” “predicts,” “potential,” or “continue,” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in FactSet’s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K and quarterly reports on Form 10-Q, as well as others, could cause results to differ materially from those stated. Forward-looking statements speak only as of the date they are made, and FactSet assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

    About Non-GAAP Financial Measures

    Financial measures in accordance with U.S. GAAP, including revenues, operating income and margin, net income, diluted earnings per share and cash provided by operating activities, have been adjusted.

    FactSet uses these adjusted financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these adjusted financial measures and the information they provide are useful to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Investors may benefit from referring to these adjusted financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods, and may also facilitate comparisons to its historical performance. The presentation of this financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.

    Organic revenues excludes the current year impact of revenues from acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency. Adjusted operating income and margin, adjusted net income, and adjusted diluted earnings per share exclude acquisition-related intangible asset amortization and non-recurring items. EBITDA represents earnings before interest expense, provision for income taxes and depreciation and amortization expense, while adjusted EBITDA further excludes non-recurring non-cash expenses. The Company believes that these adjusted financial measures help to fully reflect the underlying economic performance of FactSet.

    Cash flows provided by operating activities have been reduced by purchases of property, equipment, leasehold improvements and capitalized internal-use software to report non-GAAP free cash flow. FactSet uses this financial measure both in presenting its results to stockholders and the investment community and in the Company’s internal evaluation and management of the business. Management believes that this financial measure is useful to investors because it is an indication of cash flow that may be available to fund further investments in future growth initiatives.

    About FactSet

    FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,600 global clients, including over 219,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet
    Investor Relations Contact:                         
    Yet He                                
    +1.212.973.5701
    yet.he@factset.com

    Media Contact:
    Megan Kovach
    +1.512.736.2795
    megan.kovach@factset.com   

    Consolidated Statements of Income (Unaudited)            
      Three Months Ended   Six Months Ended
      February 28,   February 29,   February 28,   February 29,
    (In thousands, except per share data)   2025       2024       2025       2024  
    Revenues $ 570,660     $ 545,945     $ 1,139,327     $ 1,088,161  
    Operating expenses              
    Cost of services   269,604       255,142       528,383       506,763  
    Selling, general and administrative   115,564       108,861       234,117       210,416  
    Total operating expenses   385,168       364,003       762,500       717,179  
                   
    Operating income   185,492       181,942       376,827       370,982  
                   
    Other income (expense), net              
    Interest income   273       2,847       2,974       5,859  
    Interest expense   (13,916 )     (16,599 )     (28,316 )     (33,337 )
    Other income (expense), net   471       455       574       337  
    Total other income (expense), net   (13,172 )     (13,297 )     (24,768 )     (27,141 )
                   
    Income before income taxes   172,320       168,645       352,059       343,841  
                   
    Provision for income taxes   27,460       27,705       57,177       54,346  
    Net income $ 144,860     $ 140,940     $ 294,882     $ 289,495  
                   
    Basic earnings per common share $ 3.81     $ 3.70     $ 7.76     $ 7.61  
    Diluted earnings per common share $ 3.76     $ 3.65     $ 7.66     $ 7.49  
                   
    Basic weighted average common shares   38,015       38,103       38,010       38,059  
    Diluted weighted average common shares   38,510       38,650       38,513       38,646  

    Certain prior year figures have been conformed to the current year’s presentation.

    Consolidated Balance Sheets (Unaudited)  
    (In thousands) February 28, 2025 August 31, 2024
    ASSETS    
    Cash and cash equivalents $ 278,548   $ 422,979  
    Investments   8,471     69,619  
    Accounts receivable, net of reserves of $14,998 at February 28, 2025 and $14,581 at August 31, 2024   277,636     228,054  
    Prepaid taxes   75,931     55,103  
    Prepaid expenses and other current assets   67,055     60,093  
    Total current assets   707,641     835,848  
         
    Property, equipment and leasehold improvements, net   79,739     82,513  
    Goodwill   1,245,315     1,011,129  
    Intangible assets, net   1,935,488     1,844,141  
    Deferred taxes   53,546     61,337  
    Lease right-of-use assets, net   118,129     130,494  
    Other assets   101,584     89,578  
    TOTAL ASSETS $ 4,241,442   $ 4,055,040  
         
    LIABILITIES    
    Accounts payable and accrued expenses $ 131,103   $ 178,250  
    Current debt   —     124,842  
    Current lease liabilities   32,560     31,073  
    Accrued compensation   70,846     93,279  
    Deferred revenues   177,325     159,761  
    Current taxes payable   30,483     40,391  
    Dividends payable   39,511     39,470  
    Total current liabilities   481,828     667,066  
         
    Long-term debt   1,472,162     1,241,131  
    Deferred taxes   14,772     8,452  
    Deferred revenues, non-current   446     1,344  
    Taxes payable   46,313     40,452  
    Long-term lease liabilities   158,419     177,521  
    Other liabilities   10,585     6,614  
    TOTAL LIABILITIES $ 2,184,525   $ 2,142,580  
         
    STOCKHOLDERS’ EQUITY    
    TOTAL STOCKHOLDERS’ EQUITY $ 2,056,917   $ 1,912,460  
         
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,241,442   $ 4,055,040  

    Consolidated Statements of Cash Flows (Unaudited)    		  
      Six Months Ended
      February 28, February 29,
    (In thousands)   2025     2024  
    CASH FLOWS FROM OPERATING ACTIVITIES    
    Net income $ 294,882   $ 289,495  
    Adjustments to reconcile net income to net cash provided by operating activities    
    Depreciation and amortization   74,127     58,650  
    Amortization of lease right-of-use assets   15,177     15,263  
    Stock-based compensation expense   30,139     30,962  
    Deferred income taxes   8,763     5,632  
    Other, net   3,268     7,034  
    Changes in assets and liabilities, net of effects of acquisitions    
    Accounts receivable   (46,225 )   (39,468 )
    Prepaid expenses and other assets   (3,889 )   (14,690 )
    Accounts payable and accrued expenses   (61,915 )   10,377  
    Accrued compensation   (21,470 )   (40,456 )
    Deferred revenues   11,934     22,133  
    Taxes payable, net of prepaid taxes   (24,810 )   (26,150 )
    Lease liabilities, net   (19,654 )   (19,840 )
    Net cash provided by operating activities   260,327     298,942  
         
    CASH FLOWS FROM INVESTING ACTIVITIES    
    Purchases of property, equipment, leasehold improvements and capitalized internal-use software   (49,610 )   (38,383 )
    Acquisition of businesses, net of cash and cash equivalents acquired   (342,461 )   —  
    Purchases of investments   (4,208 )   (44,936 )
    Proceeds from maturity or sale of investments   58,155     —  
    Net cash provided by (used in) investing activities   (338,124 )   (83,319 )
         
    CASH FLOWS FROM FINANCING ACTIVITIES    
    Proceeds from debt   305,000     —  
    Repayments of debt   (200,000 )   (125,000 )
    Dividend payments   (78,817 )   (74,141 )
    Proceeds from employee stock plans   60,344     66,544  
    Repurchases of common stock   (113,142 )   (112,165 )
    Deferred acquisition consideration   (4,699 )   —  
    Other financing activities   (14,228 )   (14,465 )
    Net cash provided by (used in) financing activities   (45,542 )   (259,227 )
         
    Effect of exchange rate changes on cash, cash equivalents and restricted cash   (8,048 )   (132 )
    Net increase (decrease) in cash, cash equivalents and restricted cash   (131,387 )   (43,736 )
    Cash and cash equivalents at beginning of period   422,979     425,444  
    Cash, cash equivalents and restricted cash at end of period $ 291,592   $ 381,708  
         
    Reconciliation of total cash, cash equivalents and restricted cash:    
    Cash and cash equivalents $ 278,548   $ 381,708  
    Restricted cash included in Prepaid expenses and other current assets   6,522     —  
    Restricted cash included in Other assets   6,522     —  
    Total cash, cash equivalents and restricted cash $ 291,592   $ 381,708  

    Certain prior year figures have been conformed to the current year’s presentation.

    Reconciliation of U.S. GAAP Results to Adjusted Financial Measures

    Financial measures in accordance with U.S. GAAP, including revenues, operating income and margin, net income, diluted EPS and cash provided by operating activities, have been adjusted below. FactSet uses these adjusted financial measures both in presenting its results to stockholders and the investment community and in its internal evaluation and management of the business. The Company believes that these adjusted financial measures and the information they provide are useful to investors because they permit investors to view the Company’s performance using the same tools that management uses to gauge progress in achieving its goals. Adjusted measures may also facilitate comparisons to FactSet’s historical performance.

    Organic Revenues

    Organic revenues exclude the current year impact of revenues from acquisitions and dispositions completed within the past 12 months and the current year impact from changes in foreign currency. The table below provides a reconciliation of revenues to organic revenues:

    (Unaudited) Three Months Ended  
      February 28, February 29,  
    (In thousands)   2025     2024 Change
    Revenues $ 570,660   $ 545,945 4.5 %
    Acquisition revenues   (3,793 )   —  
    Currency impact   1,118     —  
    Organic revenues $ 567,985   $ 545,945 4.0 %


    Non-GAAP Financial Measures

    The table below provides a reconciliation of operating income, operating margin, net income and diluted EPS to adjusted operating income, adjusted operating margin, adjusted net income, EBITDA, adjusted EBITDA and adjusted diluted EPS.

      Three Months Ended  
      February 28, February 29,  
    (in thousands, except per share data)   2025     2024   % Change
    Operating income $ 185,492   $ 181,942   2.0 %
    Intangible asset amortization   18,137     16,674    
    Business acquisitions and related costs(1)   9,040     —    
    Restructuring/severance   —     10,710    
    Adjusted operating income $ 212,669   $ 209,326   1.6 %
    Operating margin   32.5 %   33.3 %  
    Adjusted operating margin(2)   37.3 %   38.3 %  
    Net income $ 144,860   $ 140,940   2.8 %
    Intangible asset amortization   13,425     12,579    
    Business acquisitions and related costs(1)   6,691     —    
    Restructuring/severance   —     8,080    
    Income tax items   —     1,468    
    Adjusted net income(3) $ 164,976   $ 163,067   1.2 %
    Net income   144,860     140,940   2.8 %
    Interest expense   13,916     16,599    
    Income taxes   27,460     27,705    
    Depreciation and amortization expense   38,410     31,582    
    EBITDA $ 224,646   $ 216,826   3.6 %
    Non-recurring non-cash expenses   —     1,285    
    Adjusted EBITDA $ 224,646   $ 218,111   3.0 %
    Diluted EPS $ 3.76   $ 3.65   3.0 %
    Intangible asset amortization   0.35     0.32    
    Business acquisitions and related costs(1)   0.17     —    
    Restructuring/severance   —     0.21    
    Income tax items   —     0.04    
    Adjusted diluted EPS(3) $ 4.28   $ 4.22   1.4 %
    Weighted average common shares (diluted)   38,510     38,650    

    (1)   Primarily related to the acquisition of LiquidityBook.
    (2)   Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.
    (3)   For purposes of calculating Adjusted net income and Adjusted diluted EPS, all adjustments for the three months ended February 28, 2025 and February 29, 2024 were taxed at an adjusted tax rate of 26.0% and 24.6%, respectively.


    Business Outlook Operating Margin, Net Income and Diluted EPS

    (Unaudited)    
    Figures may not foot due to rounding Annual Fiscal 2025 Guidance
    (In millions, except per share data) Low end of range High end of range
    Revenues $ 2,305   $ 2,325  
    Operating income $ 761   $ 744  
    Operating margin   33.0 %   32.0 %
         
    Intangible asset amortization   80     81  
    Other adjustments (net)   12     12  
    Adjusted operating income $ 853   $ 837  
    Adjusted operating margin (a)   37.0 %   36.0 %
         
    Net income $ 588   $ 567  
    Intangible asset amortization   66     66  
    Other adjustments (net)   10     10  
    Discrete tax items   (4 )   (4 )
    Adjusted net income $ 660   $ 640  
         
    Diluted earnings per common share $ 15.40   $ 14.80  
    Intangible asset amortization   1.73     1.73  
    Other adjustments (net)   0.30     0.30  
    Discrete tax items   (0.03 )   (0.03 )
    Adjusted diluted earnings per common share $ 17.40   $ 16.80  

    (a)   Adjusted operating margin is calculated as Adjusted operating income divided by Revenues.

    Free Cash Flow

    (Unaudited) Three Months Ended  
      February 28, February 29,  
    (In thousands)   2025     2024   Change
    Net Cash Provided for Operating Activities $ 173,955   $ 143,798    
    Less: purchases of property, equipment, leasehold improvements and capitalized internal-use software   (23,736 )   (21,917 )  
    Free Cash Flow $ 150,219   $ 121,881   23.3 %

    Supplementary Schedules of Historical ASV by Client Type

    The following table presents the percentages and growth rates of organic ASV by client type, excluding the impact of currency movements, and may be useful to facilitate historical comparisons. Organic ASV excludes acquisitions and dispositions completed within the last 12 months and the effects of foreign currency movements.

    The numbers below do not include professional services or issuer fees.

      Q2’25 Q1’25 Q4’24 Q3’24 Q2’24 Q1’24 Q4’23 Q3’23
    % of ASV from buy-side clients 82.3%   82.1%   82.0%   82.3%   82.0%   82.0%   81.8%   82.1%  
    % of ASV from sell-side clients 17.7%   17.9%   18.0%   17.7%   18.0%   18.0%   18.2%   17.9%  
                     
    ASV Growth rate from buy-side clients 4.1%   4.3%   4.9%   5.3%   5.6%   7.2%   6.9%   7.3%  
    ASV Growth rate from sell-side clients 2.2%   3.5%   3.8%   3.7%   5.5%   7.6%   9.3%   12.3%  

    The following table presents the calculation of organic ASV.

    (In millions) As of February 28, 2025
    As reported ASV $ 2,306.1  
    Currency impact (a)   1.9  
    Acquisition ASV (b)   (31.8 )
    Organic ASV $ 2,276.2  
    Organic ASV annual growth rate   4.1 %

    (a)   The impact from foreign currency movements.
    (b)   Acquired ASV from acquisitions completed within the last 12 months.

    The MIL Network –

  • MIL-OSI: PropTech Investor Oparo Strengthens its Leadership with Graham Martin joining as CEO

    Source: GlobeNewswire (MIL-OSI)

    London, March 20, 2025 (GLOBE NEWSWIRE) — In a strategic move to bolster its impact in the UK real estate technology and investment sector, Oparo Group has appointed Graham Martin as Chief Executive Officer. Graham takes over from Babak Gharbi, who will now serve as Non-Executive Chairman, continuing to guide the company’s strategic vision since its inception in 2018.

    Graham brings over 30 years of international expertise in restructuring, corporate turnaround, and financial advisory, with notable stints at big four accountants KPMG and PwC. His rich experience in real estate, banking, and investment has involved managing complex transactions and advising on £100bn worth of loan portfolio sales. His leadership will be pivotal in driving the growth and adoption of Oparo Group’s investment capacity through its digital platforms, Oparo REACT (Real Estate Asset Curated Targeting) and Oparo RAM (Remote Asset Management).

    “I am thrilled to lead Oparo Group in its mission to transform the real estate and  social housing industry through innovative technology”, said Graham Martin. “My aim is to enhance our access to purpose driven capital,  our profitability, and digital offerings, whilst, staying true to our social mission which is at the core of our business.”

    Babak Gharbi’s transition to Chairman follows his significant contributions helping the team setting industry benchmarks with Oparo’s unwavering commitment to the direct Real Estate investment model and its impact-driven social mission through technology.

    “Graham’s deep-rooted knowledge and proven track record in real estate investment and expansion strategies make him the perfect fit to steer Oparo Group into a new era of growth,” said Babak Gharbi. “His expertise will be vital in broadening our market influence and solidifying our position.”

    Oparo Group’s innovative approach combines real estate investment with technology innovation, addressing social housing challenges through its Oparo RAM platform that uses IoT for sophisticated asset management. Oparo Social 1, a collaborative project to deliver a lease-based social housing portfolio with a real estate focussed hedge fund. Oparo is currently expanding its capital partnerships to deliver more high quality social housing, backed by long term leases. 

    The MIL Network –

  • MIL-OSI United Kingdom: Celebrate, commemorate and reflect with VE and VJ 80 Days in Leeds

    Source: City of Leeds

    The Lord Mayor of Leeds invites everyone to join her in marking the commemoration of Victory in Europe and Victory over Japan with an evening of music, word, and song in May.

    This year marks the 80th anniversary of Victory in Europe Day and Victory over Japan Day.

    Victory in Europe Day, known as VE Day, marked the unconditional surrender of the German armed forces on May 8 1945 ending nearly six years of fighting in the European theatre of war. 

    Fighting in the Far East continued for another three months following VE Day, with Japanese forces surrendering on August 14 1945. The surrender of Japan is known as Victory over Japan Day, or VJ Day. Although VJ Day took place on August 14-15, Japan formally surrendered on September 2 1945, which marked the official end of the Second World War. 

    As the country celebrates, commemorates, and reflects on the end of the war, the Lord Mayor of Leeds, Councillor Abigail Marshall Katung will host a civic event at Leeds Minster on the evening of May 10 2025. 

    Invited guests include royal representatives and civic leaders from across West Yorkshire, along with diplomats and ambassadors.

    The event will feature orchestral, choir, and bagpipe performances, contemporary songs of the war era, and personal stories of Leeds people who contributed to the victory. Focusing on a timeline running through the nearly six years of war, the testimonies will not just examine the stories of those who fought, but contributions from the Women’s Land Army, firefighters, the home front in Leeds, and the contribution of the royal family.  

    Music for the event will be provided by the Leeds Philharmonic Chorus, The Bridge Ensemble, the Hummingbirds vocal harmony trio, and the Leeds Pipe Band.

    The Lord Mayor of Leeds, Councillor Abigail Marshall Katung, said: “The Second World War was the costliest conflict in human history, fought to defend the freedoms that we still enjoy today. 

    “Therefore, it is fitting that we as a city mark the 80th anniversary of the end of the war not just with solemnity, but by trying to capture the spirit of that time through music and song, and the stories of the many Leeds people who contributed to victory. 

    “The anniversary is also a time for reflection on the many sacrifices made during that time and to learn from the strength and resilience of communities that came together for a common cause. 

    “I hope you will join me at this special civic event to mark the achievements of a very special generation of people who gave their all for our freedom.”

    The Leader of Leeds City Council, Councillor James Lewis, said: “The Second World War was a pivotal moment in world history and Leeds and its people made a critical contribution to the war effort. 

    “Thousands of men and women from Leeds contributed by joining the armed forces and auxiliary organisations. Others by keeping the country fed, with power, heat, and transport, and safe from the threatened invasion through organisations like the Women’s Land Army, the ‘Bevin Boy’ miners, and the Civil Defence Service.

    “As a city, we can be proud of the role our citizens played in delivering victory over tyranny, and it is only right that we mark the occasion with a civic event to celebrate their achievements, commemorate their sacrifices, and reflect on the lessons of a war that changed the world.”

    The VE/VJ Day 80 Leeds event takes place at 7:30pm on May 10 at Leeds Minster. Tickets are £5 with all proceeds being donated to the Royal British Legion Poppy Appeal, however, concessions are available. You can book your ticket by visiting: https://www.leedstickethub.co.uk/whatson-event/80th-anniversary-of-ve-vj-day-commemoration-concert/

    In addition to the civic event, the Lord Mayor and the Lord Lieutenant of West Yorkshire, Ed Anderson CBE, will also attend a short service at the War Memorial in Victoria Gardens, Leeds, at 11am on Thursday May 8 2025, to lay wreaths and remember the contributions of all those who served and gave their lives in the Second World War. 

    The public has also been invited to submit any photographs they may own of the VE and VJ Day celebrations in Leeds to a new collection on the Leeds Libraries historical photo platform, ‘Leodis’. Photography can be submitted by emailing localandfamilyhistory@leeds.gov.uk. If people need help digitising their images, librarians can help at the weekly digital drop-in sessions at community hubs. Details of the drop-in session can be found at https://www.leedsinspired.co.uk/events/digital-drop-ins

    For residents looking to hold a street party, Leeds City Council will, where possible and appropriate, support and administer a scheme to allow neighbours to formally close their street to facilitate a VE & VJ street party event. Applications would need to be received on or before 15th April 2025 for the application to be administered and to be processed in time. More details about closing your road can be found at: https://www.leeds.gov.uk/parking-roads-and-travel/licences-and-permits/play-streets  

    Ends

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Keynote speech by SCST at Hong Kong Tourism Overview 2025 (English only)

    Source: Hong Kong Government special administrative region

    Following is the keynote speech by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, at Hong Kong Tourism Overview 2025 today (March 20): 

    Dr YK Pang (Chairman of the Hong Kong Tourism Board, Dr Pang Yiu-kai), Dr Peter Lam (Chairman-Designate of the Hong Kong Tourism Board), distinguished guests, friends from the travel industry, ladies and gentlemen,
     
    Good morning. It is with enormous pleasure and a lot of emotion that I join you all at today’s Hong Kong Tourism Board’s Tourism Overview. I was a regular attendee from 2011 to 2016, but this is my very first time joining this important event as the Secretary for Culture, Sports and Tourism. Really happy to see so many old friends of the tourism industry in the audience, and for new friends in this room, a very warm “hello” to all of you.   
     
    Strong rebound of tourism performance
     
    Tourism has been a cornerstone of Hong Kong’s economy all along. It may not be a major source of foreign investment, but travel and related sectors gallantly provide employment for some 150 000 people of our workforce. In 2024, we welcomed close to 45 million visitors, marking a more than 30 per cent increase year on year. Among them, Mainland and non-Mainland visitors exceeded 34 million and 10 million respectively, with year-on-year increases at 27 per cent and 44 per cent respectively, injecting momentum into the local economy, and showcasing the collaborative efforts of the Government and the industry. As we entered 2025, we continue to see handsome growth, and achieved in January alone the highest monthly record of 4.74 million visitor arrivals since the pandemic.
     
    And for these remarkable achievements, I would like to take the opportunity to express my heartfelt appreciation and gratitude to Dr YK Pang for leading the Hong Kong Tourism Board with dedication and passion over the past six extraordinary years, particularly through the difficult times during the pandemic. As the Chairman, you have guided the Board with exemplary leadership in successfully overcoming various challenges and then driving the recovery of Hong Kong tourism. Thank you for your invaluable contributions to the Board and to Hong Kong’s tourism development. 
     
    To sustain the momentum of the recovery, it is essential for all of us in the Government and the industry to recognise that the global tourism landscape has indeed changed substantially after the pandemic, and is continually evolving. With the advancement in digital technology and changing traveller preferences, we must embrace innovation, adapt our traditional offerings and craft new ones to maintain our competitive edge.
     
    Tourism Blueprint 2.0
     
    With this in mind, the Culture, Sports and Tourism Bureau promulgated on December 30, 2024, the Tourism Blueprint 2.0, setting out the vision and mission for the development of Hong Kong’s tourism industry for the five-year period from 2025 to 2030. 
    I am sure most of you have already read the Blueprint 2.0, maybe serval times, so I am not going to bore you with the details yet again. But I think it is useful for me to elaborate the three key messages, which form the bases of the Blueprint 2.0, to you in person, which will shape the direction of the tourism industry in the coming years.
     
    Opportunities to capitalise – Mainland’s support measures
     
    The first message is Hong Kong’s uniqueness as an international tourist city with the advantage of being backed by the motherland, the Mainland of China. This is our core strength and fundamental asset, and it is getting even more important at this day and age as we are under the cloud of geopolitical tension. It is paramount that we make the most out of the wide range of supportive measures that the Central People’s Government has so generously endowed Hong Kong, through the rolling out of the resumption and expansion of multiple-entry permits for Shenzhen residents and the gifting of two precious giant pandas “An An” and “Ke Ke”, to name just a few. These measures have injected fresh impetus into our travel, retail, catering and hospitality industries. The entire tourism industry must strategically utilise these initiatives to maximise the benefits for Hong Kong as a whole.
     
    Traditional and new tourism offerings
     
    This naturally brings me to my second message. Hong Kong boasts significant traditional tourism advantages, including world-class tourist attractions, like the Hong Kong Disneyland Resort, which will be celebrating its 20th anniversary later this year; Ocean Park, especially with “An An”, “Ke Ke” and the two cute panda cubs “家姐”,”細佬”; our diverse cuisine, from corner delis “chaa chaan teng” to Michelin-star restaurants; efficient urban management and transportation systems. One thing that we in Hong Kong take for granted and tourists from abroad may not be aware, Hong Kong is in fact one of the safest cities in the world for business and leisure travel. It is essential that we continue to fortify these traditional assets and optimise and strengthen our infrastructure. But it is also crystal clear that amidst fierce competition from nearby cities, there is no room for complacency at all, and we surely cannot just rely on our traditional tourism mode and attractions anymore. 
     
    In the Blueprint 2.0, we promote the four “+ tourism” directions, covering culture, sports, ecology and mega events, in which Hong Kong possesses world-class resources that have yet to be fully presented to global visitors. This is where you, my friends in the travel and tourism trade, must and can all work together and rack your brains to develop innovative and interesting tourism products that speak to the desire of new-generation travellers’ aspiration for in-depth exploration of Hong Kong’s rich, diversified, and unique characteristics. Island tourism, for example, is one of the areas that we are actively working on. Hong Kong’s countryside and outlying islands are our hidden gems. Within an hour, we can travel after attending a formal business meeting in the bustling city centre to our countryside and explore the amazing wonders of nature, just like I did just this past Sunday when I hiked for five hours from Shek Pik Reservoir to Tai O in Lantau in the day, and then dressed up to the nines for a wedding banquet in the evening. We should develop more island tourism and eco-tourism itineraries for our global visitors who now have an increase in preference in this area. Our stunning Victoria Harbour is also one of the most beautiful and must-go photo points among the world’s top visit places. We must make better use of our harbour and the surrounding water body by developing more innovative products like yacht tourism to attract tourists. Horse racing is another world-class tourist attraction that Hong Kong excels and has lots of potential, and I’m glad that CTS (China Travel Service) has recently signed an MOU with the Hong Kong Jockey Club to promote horse-racing tourism, and I believe more will come in this direction. And these days I cannot attend any public speaking engagement without mentioning the Kai Tak Sports Park, our new and proud landmark with a 50 000-sized stadium, with which we are now in a position to bring truly mega sports and entertainment events befitting Hong Kong’s role as an international metropolis. It is only by infusing the city with fresh energy through new tourism offerings can we enhance the ambiance of our vibrant city and attract visitors from around the globe. On this, I look forward to the support and efforts from all of you in unleashing our creativity and developing products that will captivate the hearts of visitors. 
     
    Everyone is tourism ambassador
     
    My third message, which I have been repeating at every opportunity since appointment as the Secretary for Culture, Sports and Tourism, is that everyone in the community has a role to play in the development of tourism in Hong Kong, in particular in welcoming our visitors from around the world. This is surely most important for all of us present today, who is always the first point of contact with our tourists. Positive and warm hospitality is the key to prosperous tourism development. Hospitality is not just about providing accommodation and dining services but also about offering attentive and caring services, making visitors feel like home and willing to consume, if I am honest. Therefore, we advocate the concept of “Everyone is a tourism ambassador”, and I would encourage everyone in the tourism trade, as well as members of the public, to welcome every visitor with a warm and friendly smile. Every sunny smile by a member of the public will add to the happy vibe that we could bring to our community, and will more likely bring about quality service provided by hospitality professions. We launched the Hospitality Campaign in 2024 with various government departments, the tourism and related sectors, the education sector and district representatives, encouraging the trade and the entire community to go an extra mile in promoting the spirit of hospitality. We will continue to encourage quality services to welcome every visitor. One of our development strategies in the Blueprint 2.0 is to expand and diversify our visitor source markets. These include the Muslims, silver-haired, family, study-tour, and youth visitors. In order to attract these different segments of visitors, in addition to providing attractive tourism offerings, we must understand their needs and show our respect to make them feel welcomed and valued. This is hospitality and I am confident that our tourism industry will excel in it, giving the warmest welcome to our visitors. 
     
    Conclusion
     
    My dear friends, we have come a long way recovering from the pandemic, and it is now time for us to work together to bring Hong Kong tourism to new heights. Hong Kong is a city full of energy and endless adventures. The Government, along with the tourism industry, the business sector and the community, and indeed everyone in Hong Kong, need to act together to shape Hong Kong’s attractive tourism brand vividly. I always call myself a tourism veteran, and you have my assurance that I am all ears when you have a new idea to tell me, and I shall be in action when I know that there are things that my bureau could do to facilitate your business. Equally, I hope I have your assurance that you are walking with me to rejuvenate our travel and tourism industries, and that I can count on your diligence and creativity on this journey. I also look forward to working closely once again with the new Chairman of Hong Kong Tourism Board, Dr Peter Lam, to bring Hong Kong tourism to the new and next level of excellence.
     
    Thank you very much.

    MIL OSI Asia Pacific News –

  • MIL-Evening Report: Grattan on Friday: Dutton says he could handle Donald Trump, but can any Australian PM?

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    In the Trump age, how the next government, whether Labor or Coalition, will handle foreign affairs, defence and trade is shaping as crucially important.

    It’s a weird time when your friends become almost as problematic as your potential enemies, but that’s the situation we face.

    As many have observed, Donald Trump’s long shadow hangs over our election, at a time of multiple other uncertainties. Australia, like other countries, has already felt the brunt of the president’s tariffs policy, and the government is bracing for what may be worse to come with the next round of Trump announcements in early April.

    So what face would a Peter Dutton government present to the world? And how would he handle Trump?

    On Thursday at the Lowy Institute, the opposition leader brought his international policies together. He presented a mix of bipartisanship and differences with the government. Some of the latter weren’t so much fundamental disagreements as claims Labor had failed and the Coalition would be more competent or effective.

    The most frustrating part of Dutton’s speech and answers to questions was the same old problem. For crucial details, particularly on defence spending but also on the future of foreign aid under the Coalition, we were told we’d have to wait for announcements that always seem over the horizon.

    Dutton says as prime minister he wouldn’t resile from taking on the United States when necessary. With fears about US drug companies spearheading a war on Australia’s Pharmaceutical Benefits Scheme, he declared, “I will stand up and defend the PBS […] against any attempt to undermine its integrity, including by major pharmaceutical companies”.

    In arguing that, in general, he’d be able to deal with Trump, Dutton invoked the previous Coalition government’s success with Trump Mark 1 (though Mark 2 is very different), and the power of AUKUS to anchor relations. His early priority would be to visit Washington.

    The question Australians should ask themselves is this: “Who is better placed to manage the US relationship and engage with President Trump?” I believe that […] I will be able to work with the Trump administration Mark 2 to get better outcomes for Australia. I will talk to [Trump] about how our national interests are mutual interests.

    But, as he acknowledged, “Australia’s national interests do not always align perfectly with the interests of partners – even of our closest allies”. The way Trump is operating at the moment, it may be that a PM of either stripe will find him impossible on certain issues.

    Dutton was once an uncomplicated hawk on China. Now, he is a mix of hawkish and dovish. It’s true things have changed greatly in Australia-China relations in recent times, but another reason for Dutton’s more nuanced position is highlighted by the line in his speech that “Australia has a remarkable Chinese diaspora”. The opposition leader has an eye to the vote of Chinese-Australians.

    Dutton now walks a line that is critical of China militarily, but anxious to promote and expand the now-restored trading relationship.

    Currently, there are two major, hot conflicts in the world: the Ukraine war and the violence in the Middle East.

    On Ukraine, the Coalition and Labor are at one in their backing for President Volodymyr Zelensky, although Dutton criticises aspects of the government’s delivery of support. But they are at odds over Prime Minister Anthony Albanese’s willingness to contribute to a peacekeeping force.

    “Australia can’t afford the multibillion-dollar sustainment price tag for having troops based in an ill-defined and endless European presence,” Dutton said.

    The “multibillion-dollar” price tag was overegged, but many would agree there are sound arguments for not deploying Australian forces on such a venture. On the other hand, if an Albanese government did so, you can bet the commitment would be relatively token.

    The big gulf between Labor and Coalition is over the Middle East. This has grown from a marginally different reaction after the October 2023 Hamas attack on Israelis to a major disagreement now.

    Dutton claims Labor “has viewed our relationship with Israel through a domestic policy lens and with a view to its political imperatives” – that is, the Muslim vote.

    Based on what Dutton says, a change of government would bring a substantial recalibration of Australia’s Middle East policy. One of Dutton’s “first orders of business” would be to call Israeli Prime Minister Benjamin Netanyahu to “help rebuild the relationship Labor has trashed”. He added:

    Israel will be able to count on our support again in the United Nations. And given UNRWA [the Palestinian relief agency] has employed terrorists from Hamas who participated in the 7 October attacks, the organisation will no longer receive funding from a government I lead.

    The Coalition repeatedly says Australia needs to spend more on defence. It has announced $3 billion to reinstate the fourth squadron of F-35 joint strike fighters, but not said the size of the defence envelope it believes is required. Dutton said:

    We need to do nothing short of re-thinking defence, re-tooling the ADF, and re-energising our domestic defence industry, and that’s exactly what our government will do.

    That sounds like a massive task, and so it’s more than time we saw the plan and cost of it. Would the Coalition be willing to go to around 3% of gross domestic product (GDP) on defence spending, as the Trump administration wants? That would require a lot of sacrifice in other policy areas.

    The Australian Financial Review this week reported Coalition sources saying it is weighing up boosting defence spending to at least 2.5% by 2029.

    When the Coalition talks up its record in defence, one should also remember the failures, chief among them the delays and chopping and changing in its submarine program. A sub-optimal performance has been bipartisan.

    Dutton was questioned on his position on aid to Pacific countries. Should Australia step up given the void left by the US shutting down aid? If a Dutton government did that, would it mean an overall aid increase, or cuts in the aid budget elsewhere?

    This was left as another black hole, although he did say the Australian government should make representations to the US for the reinstatement of particular aid programs the US had cut.

    I don’t agree with some of the funding that they’ve withdrawn, and I think it is detrimental to the collective interests in the region, and I hope that there can be a discussion between our governments about a sensible pathway forward in that regard.

    Good luck with that.

    It is hard to avoid the conclusion the overall aid program would be an easy target for the Coalition in the search for savings.

    When leaders talk, what they don’t say can be as important as what they do.

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

    – ref. Grattan on Friday: Dutton says he could handle Donald Trump, but can any Australian PM? – https://theconversation.com/grattan-on-friday-dutton-says-he-could-handle-donald-trump-but-can-any-australian-pm-252511

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI NGOs: ‘New evidence has emerged’: Greenpeace requests revision of North West Shelf assessment criteria

    Source: Greenpeace Statement –

    PERTH, 20 MARCH 2025 – Greenpeace Australia Pacific has asked Environment Minister Tanya Plibersek to reconsider the criteria used to assess Woodside’s North West Shelf Extension because significant new impacts have emerged since the original 2019 decision.

    “We’re calling on the Environment Minister to assess Woodside’s North West Shelf Extension with all of the facts in front of her—including new evidence showing this project could devastate our environment, particularly Scott Reef,” said Joe Rafalowicz, Head of Climate and Energy, Greenpeace Australia Pacific. 

    “Like thousands of other individuals and community groups, Greenpeace has been participating in this assessment since at least 2022. 

    “While the 2019 decision to assess the North West Shelf Extension only focused on the project’s potential impact on national heritage values, new evidence has since emerged about the consequences of Woodside’s plans to drill for gas beside, and dump carbon near, the irreplaceable Scott Reef. 

    “Australians expect their elected representatives to make decisions following due process, independent of pressure from vested interests, and based on the best evidence. 

    “To properly assess the serious risk of extending the life of Woodside’s gas processing facility, it is essential that the Environment Minister gives due regard to all available evidence. 

    “Woodside plans to fuel its North West Shelf gas facility out to 2070 by drilling up to 50 gas wells near Scott Reef as part of its proposed Browse project. Recent statements from Woodside confirm that Browse and the North West Shelf Extension are directly linked—making Browse dependent on the North West Shelf Extension approval to be viable.

    “Woodside also plans to take the carbon pollution from drilling for gas and inject it deep under the ocean into massive underground aquifers. The carbon is supposed to stay there for over 1000 years. However, carbon capture storage is an unproven technology at scale, with a track record of overpromising and underdelivering.

    “Woodside’s reckless plans risk threatened species like Green Sea Turtles and Pygmy Blue Whales, while also jeopardising fragile coral reef habitats with noise, light pollution, and the potential for oil spills.”

    “Given the clear possibility of adverse impacts on threatened species, migratory species and the Commonwealth marine environment, we are requesting the Minister to expand the assessment criteria to accurately consider the full picture of real-world impacts that approving the North West Shelf Extension will have. 

    “The assessment criteria originally set in 2019 are too narrow for an informed assessment of the project’s impacts.

    —ENDS—

    Note to editors:

    • Greenpeace’s full reconsideration request can be found here. 
    • Images for media use can be found here. 

    For more information or to arrange an interview please contact Vai Shah on 0452 290 082 or [email protected].

    MIL OSI NGO –

  • MIL-OSI NGOs: “A blatant injustice”: Greenpeace Australia Pacific’s response to Energy Transfer lawsuit

    Source: Greenpeace Statement –

    In response to the verdict in Energy Transfer’s suit against Greenpeace International and Greenpeace US entities, the following lines can be attributed to Greenpeace Australia Pacific General Counsel Katrina Bullock:

    “The $660 million North Dakota case against Greenpeace International and Greenpeace US entities is a blatant Strategic Lawsuit Against Public Participation (SLAPP) brought by a fossil fuel giant. SLAPPs are a corporate weapon designed to strangle public debate. They’re not about justice — they’re about silencing dissent, draining environmental defenders of time, money, and energy until they have no choice but to stop fighting. It’s an abuse of the legal system to shield powerful polluters from accountability. 

    “It’s no wonder eminent US lawyer Marty Garbus has labelled it the most unfair trial he has witnessed in his six decades of legal practice. Distinguished legal experts who acted as Independent Trial Monitors collectively noted that ‘the jury verdict against Greenpeace in North Dakota reflects a deeply flawed trial with multiple due process violations that denied Greenpeace the ability to present anything close to a full defence’. 

    “A jury with close ties to the fossil fuel industry, a judge permitting defamatory and prejudicial attacks on Greenpeace, and a blatant refusal for court transparency — this trial was a blatant injustice.”

    In a domestic context, Ms Bullock added:

    “In Australia, opposition leader Peter Dutton has announced that a coalition government would introduce legislation based on these same racketeering laws that have been used against peaceful environmental groups in the US. Dutton’s proposal to introduce US-style RICO laws raises serious concerns. While his office claims it’s aimed at tackling organised crime in the construction sector, we’ve seen in the US how these laws have been weaponised to target charities and grassroots groups who engage in peaceful protest activities. We must be extremely wary of laws that could criminalise our ability to protect our environment and our communities.”

    Greenpeace unequivocally disagrees with the verdict and refuses to be silenced. Greenpeace US entities will appeal.

    “Greenpeace is not scared of SLAPPs, and where big oil companies might think we will back down, we won’t. Greenpeace rises in the face of injustice.

    “Greenpeace Australia Pacific is an autonomous legal entity and is not a party to the lawsuit. While this verdict won’t have any programmatic or financial impacts for Greenpeace Australia Pacific, it is united in solidarity with Greenpeace US and Greenpeace International against this intimidation lawsuit and in the need for anti-SLAPP legislation.”

    — ENDS —

    Greenpeace International’s press release can be found here.

    Photos and Videos can be accessed from the Greenpeace Media Library and photos of Katrina and from the Australia-Pacific region can be found here.

    Contacts:

    Greenpeace Australia Pacific Communications: Kimberley Bernard on +61 407 581 404 or [email protected]

    MIL OSI NGO –

  • MIL-OSI NGOs: ‘Dump the bill, not the Skate’: Albanese goes all out for wildlife extinction

    Source: Greenpeace Statement –

    SYDNEY, 20 MARCH 2025 — Greenpeace Australia Pacific has slammed the Albanese Government for seeking to weaken Australia’s national nature laws in order to prop up polluting and environmentally harmful industries, and urged the Albanese government to dump a proposed bill scheduled for debate next week. 

    The EPBC Amendment (Reconsiderations) Bill is scheduled for debate in the House of Representatives next Tuesday and in the Senate on Wednesday. Media reports indicate the proposed legislation aims to curtail the ability of third parties to request lawful reconsideration of the scope of environmental impacts of major projects.

    “The move has been designed to shield the Tasmanian salmon industry from environmental scrutiny over its impact on the critically endangered Maugean skate but could have far-reaching consequences beyond this,” said Glenn Walker, Head of Nature at Greenpeace Australia Pacific

    “With this Bill, the Albanese Government appears to have turned its back on its promise to end species extinctions.

    “Australia has one of the worst rates of wildlife extinction in the world. Animals like the Maugean skate are hurtling towards extinction due to government inaction and free passes for polluting and harmful industries. Even the koala is listed as endangered in Queensland and New South Wales; that’s how severe the problem is.”

    “The Albanese Government promised to end extinctions and protect Australia’s wildlife through law reform. Instead, they are signing the extinction warrant for the Maugean skate.

    “Australia urgently needs strong, new nature laws that will end the extinction crisis and an independent watchdog to enforce them. We urge the Albanese Government to dump the Bill, not the skate, and get on with delivering this. It’s critical that the government give an ironclad guarantee that this will be delivered within the first 12 months of government if reelected this year.”

    —ENDS—

    For more information or to arrange an interview please contact Vai Shah at 0452 290 082 / [email protected]

    MIL OSI NGO –

  • MIL-OSI NGOs: Jury delivers verdict finding Greenpeace entities liable for more than $660 million in Energy Transfer SLAPP trial

    Source: Greenpeace Statement –

    Free speech and right to protest on the line in the United States

    Mandan, North Dakota — A Morton County jury of nine reached a verdict in Energy Transfer’s meritless lawsuit against Greenpeace entities in the US (Greenpeace Inc, Greenpeace Fund), and Greenpeace International, finding the entities liable for more than US$660 million, today. Big Oil Bullies around the world will continue to try to silence free speech and peaceful protest, but the fight against Energy Transfer’s meritless SLAPP lawsuit is not over. 

    “This case should alarm everyone, no matter their political inclinations,” said Sushma Raman, Interim Executive Director Greenpeace Inc, Greenpeace Fund. “It’s part of a renewed push by corporations to weaponize our courts to silence dissent. We should all be concerned about the future of the First Amendment, and lawsuits like this aimed at destroying our rights to peaceful protest and free speech. These rights are critical for any work toward ensuring justice – and that’s why we will continue fighting back together, in solidarity. While Big Oil bullies can try to stop a single group, they can’t stop a movement.”

    “We are witnessing a disastrous return to the reckless behaviour that fuelled the climate crisis, deepened environmental racism, and put fossil fuel profits over public health and a liveable planet. The previous Trump administration spent four years dismantling protections for clean air, water, and Indigenous sovereignty, and now along with its allies wants to finish the job by silencing protest. We will not back down. We will not be silenced,” said Mads Christensen, Greenpeace International Executive Director. 

    In this case, Energy Transfer has maintained their entirely false claims that Greenpeace organized the #NoDAPL resistance at Standing Rock, an allegation rooted in racism in its erasure of the Indigenous leadership in North Dakota.

    “What we saw over these three weeks was Energy Transfer’s blatant disregard for the voices of the Standing Rock Sioux Tribe,” said Deepa Padmanabha, Senior Legal Advisor, Greenpeace USA. “And while they also tried to distort the truth about Greenpeace’s role in the protests, we instead reaffirmed our unwavering commitment to non-violence in every action we take. To be clear, Greenpeace’s story is not the story of Standing Rock. Our story is how an organization like Greenpeace USA can support critical fights to protect communities most impacted by the climate crisis, as well as continued attacks on Indigenous sovereignty.”

    This lawsuit is one of the largest Strategic Lawsuits Against Public Participation (SLAPP) cases ever filed. These are meritless lawsuits meant to silence or bankrupt opponents – which is why most U.S. states and several countries have put legal protections in place to protect advocates. But in North Dakota – and 15 other states – no anti-SLAPP statutes exist.

    Greenpeace entities will continue fighting back against this case, including by appealing to the North Dakota Supreme Court. 

    In February 2024, Greenpeace International initiated the first test of the European Union’s anti-SLAPP Directive by filing a lawsuit in Dutch court against ET. GPI seeks to recover damages and costs it has suffered as a result of ET’s back-to-back, meritless lawsuits demanding hundreds of millions of dollars against GPI and the Greenpeace organisations in the US.“Energy Transfer hasn’t heard the last of us in this fight. We’re just getting started with our anti-SLAPP lawsuit against Energy Transfer’s attacks on free speech and peaceful protest,” said Kristin Casper, Greenpeace International General Counsel. “We will see Energy Transfer in court this July in the Netherlands.”

    CONTACT: Madison Carter, Greenpeace USA Senior Communications Specialist, [email protected]

    MIL OSI NGO –

  • MIL-OSI United Nations: UNECE discusses revisions to the standard on seed potatoes to support trade

    Source: United Nations Economic Commission for Europe

    The quality of seed potatoes is an important factor in determining crop yield, health and productivity.  Good quality seed potatoes allow for more production with less land, thus contributing to enhanced food security with reduced environmental impact.

    During the 52nd session of UNECE’s Specialized Section on Standardization of Seed Potatoes (18–20 March 2025) in Geneva, delegates agreed on revisions to the UNECE Standard for Seed Potatoes (S-1), following a three-year review process. Initially adopted in 1961, the standard helps improve seed potato quality and safety worldwide, ensure fair competition and facilitate trade.

    The review was led by the delegation of Finland and included the delegations of France, Germany, the Netherlands, Spain, the United Kingdom, the United States, the Australian Seed Potato Industry Certification Authority, Euroseeds, and Potato Certification Service South Africa. Their collaboration has ensured that the standard reflects the latest industry needs and best practices.

    The revised standard will be presented for adoption by the UNECE Working Party on Agricultural Quality Standards at its 80th session on 17-19 November 2025.

    Why this update matters

    The UNECE Standard S-1 sets a common terminology and minimum quality requirements for certifying high-quality seed potatoes for international trade.

    It is used by government authorities, farmers, exporters, and buyers to ensure seed potatoes meet global standards. Clear, harmonized certification rules help buyers and sellers understand seed potato quality, reducing technical barriers. At present, this standard is the only international framework covering all key aspects of seed potato certification:

    • Varietal identity and purity
    • Traceability and disease control
    • Pest prevention and quality checks
    • Labelling and record-keeping

    “This revised standard is a crucial tool for the global seed potato industry. By ensuring clear and consistent certification rules, we are helping producers, certifying agencies and traders ensure quality seed potatoes. In today’s trade environment, having a reliable framework like this is more valuable than ever,” noted Hanna Kortemaa, Chair of the Specialized Section on Standardization of Seed Potatoes and Director of the Plant Production Department at the Finnish Food Authority.

    Key updates in the standard

    The revised UNECE Standard S-1 includes:

    • Improved certification process – a more transparent system to ensure that certified seed potatoes meet strict quality standards.
    • Stronger disease and pest control measures through updated inspection rules to prevent the spread of diseases.
    • Better traceability and labelling through clearer labelling and record-keeping requirements to help track seed potatoes across the supply chain.
    • Alignment with global trade rules, including European and North American trade standards.

    The future of seed potato trade

    With global seed potato exports amounting to 1.1 billion USD or 1.7 million tons in 2023, UNECE plans to continue its work by focusing on helping countries apply the revised standard in their national systems.

    For more details on UNECE guidance on seed potato certification and inspection, see the UNECE website.

    MIL OSI United Nations News –

  • MIL-Evening Report: ‘Declare your city genocide free’ – lessons from NZ’s nuclear-free movement

    COMMENTARY: By Eugene Doyle

    Today I attended a demonstration outside both Aotearoa New Zealand’s Ministry of Foreign Affairs and Trade and the Israeli Embassy in Wellington.

    The day before, the Israelis had blown apart 174 children in Gaza in a surprise attack that announced the next phase of the genocide.

    About 174 Wellingtonians turned up to a quickly-called protest: they are the best of us — the best of Wellington.

    In 2023, the City made me an Absolutely Positively Wellingtonian for service across a number of fronts (water infrastructure, conservation, coastal resilience, community organising) but nothing I have done compares with the importance of standing up for the victims of US-Israeli violence.

    What more can we do?  And then it crossed my mind: “Declare Wellington Genocide Free”.  And if Wellington could, why not other cities?

    Wellington started nuclear-free drive
     The nuclear-free campaign, led by Wellington back in the 1980s, is a template worth reviving.

    Wellington became the first city in New Zealand — and the first capital in the world — to declare itself nuclear free in 1982.  It followed the excellent example of Missoula, Montana, USA, the first city in the world to do so, in 1978.

    These were tumultuous times. I vividly remember heading into Wellington harbour on a small yacht, part of a peace flotilla made up of kayakers, yachties and wind surfers that tried to stop the USS Texas from berthing. It won that battle that day but we won the war.

    This was the decade which saw the French government’s terrorist bomb attack on a Greenpeace ship in Auckland harbour to intimidate the anti-nuclear movement.

    Also, 2025 is the 40th anniversary of the sinking of the Rainbow Warrior and the death of Fernando Pereira. Little Island Press will be reissuing a new edition of my friend David Robie’s book Eyes of Fire later this year. It tells the incredible story of the final voyage of the Rainbow Warrior.

    “Eyes of Fire: the Last Voyage of the Rainbow Warrior” . . . a new book on nuclear-free activism on its way. Image: Little Island Press

    Standing up to bullies
     Labour under David Lange successfully campaigned and won the 1984 elections on a nuclear-free platform which promised to ban nuclear ships from our waters.

    This was a time when we had a government that had the backbone to act independently of the US. Yes, we had a grumpy relationship with the Yanks for a while and we were booted out of ANZUS — surely a cause for celebration in contrast to today when our government is little more than a finger puppet for Team Genocide.

    In response to bullying from Australia and the US, David Lange said at the time:  “It is the price we are prepared to pay.”

    With Wellington in the lead, nuclear-free had moved over the course of a decade from a fringe peace movement to the mainstream and eventually to become government policy.

    The New Zealand Nuclear Free Zone, Disarmament, and Arms Control Act 1987 was passed and remains a cornerstone of our foreign policy.

    New Zealand took a stand that showed strong opposition to out-of-control militarism, the risks of nuclear war, and strong support for the international movement to step back from nuclear weapons.

    It was a powerful statement of our independence as a nation and a rejection of foreign dominance. It also reduced the risk of contamination in case of a nuclear accident aboard a vessel (remember this was the same decade as the Chernobyl nuclear disaster in Ukraine).

    The nuclear-free campaign and Palestine
     Each of those points have similarities with the Palestinian cause today and should act as inspiration for cities to mobilise and build national solidarity with the Palestinians.

    To my knowledge, no city has ever successfully expelled an Israeli Embassy but Wellington could take a powerful first step by doing this, and declare the capital genocide-free.  We need to wake our country — and the Western world — out of the moral torpor it finds itself in; yawning its way through the monstrous crimes being perpetrated by our “friends and allies”.

    Shun Israel until it stops genocide
     No city should suffer the moral stain of hosting an embassy representing the racist, genocidal state of Israel.

    Wellington should lead the country to support South Africa’s case against Israel at the International Court of Justice (ICJ), end all trade with Israel, and end all intelligence and military cooperation with Israel for the duration of its genocidal onslaught.  Other cities should follow suit.

    Declare your city Nuclear and Genocide Free.

    Eugene Doyle is a writer based in Wellington. He has written extensively on the Middle East, as well as peace and security issues in the Asia Pacific region. He hosts the public policy platform solidarity.co.nz and is a frequent contributor to Asia Pacific Report.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Video: ‘I want my daughter to have the same opportunities as my sons – that’s not unreasonable,’ – Cryst…

    Source: World Economic Forum (video statements)

    David Beckham shot to fame in the 1990s playing football for Manchester United and England and boosted the game’s profile in the USA playing for LA Galaxy. Off the pitch he was at the centre of Cool Britiannia-era glamour, marrying Posh Spice pop star-turned-fashion designer Victoria.

    He’s a global brand, and he has used that fame and influence, among other things, as a goodwill ambassador for the United Nations children’s fund, UNICEF, where his 7 Fund – named after the number he wore on the pitch – works in schools around the world to combat bullying, violence, child marriage and missed education.

    Beckham, who turns 50 this year, was at the Forum’s Annual Meeting in Davos to receive a Crystal Award, which the Forum bestows on people in arts and entertainment who have gone beyond the day job to help improve the state of the world.

    At a time when overseas development is under pressure like never before, and with a rise in online misogyny, we spoke to David Beckham about his work with UNICEF and his role as a father.

    Catch up on all the action from the Annual Meeting 2025 at wef.ch/wef25 (http://wef.ch/wef25) and across social media using the hashtag #WEF25.

    Related podcasts:

    What just happened in Davos, and how is the world different now? https://www.weforum.org/podcasts/radio-davos/episodes/davos-2025-what-just-happened/ Global Risks Report: the big issues facing the world at Davos 2025 https://www.weforum.org/podcasts/radio-davos/episodes/global-risks-report-2025/ The 90-year-old using sports to change the lives of refugees https://www.weforum.org/podcasts/radio-davos/episodes/refugees-unhcr-sport-claude-marshall/

    Check out all our podcasts on wef.ch/podcasts (http://wef.ch/podcasts) : 

    YouTube: (https://www.youtube.com/@wef/podcasts) – https://www.youtube.com/@wef/podcasts

    Radio Davos (https://www.weforum.org/podcasts/radio-davos) – subscribe (https://pod.link/1504682164) : https://pod.link/1504682164

    Meet the Leader (https://www.weforum.org/podcasts/meet-the-leader) – subscribe (https://pod.link/1534915560) : https://pod.link/1534915560

    Agenda Dialogues (https://www.weforum.org/podcasts/agenda-dialogues) – subscribe (https://pod.link/1574956552) : https://pod.link/1574956552

    Join the World Economic Forum Podcast Club (https://www.facebook.com/groups/wefpodcastclub) : https://www.facebook.com/groups/wefpodcastclub

     

    https://www.youtube.com/watch?v=5_8-9D633OY

    MIL OSI Video –

  • MIL-OSI Australia: Sky News Afternoon Agenda with Ashleigh Gillon

    Source: Australian Government – Minister of Foreign Affairs

    ASHLEIGH GILLON, HOST: Well, Peter Dutton has addressed the Lowy Institute, outlining his foreign policy agenda. The Opposition Leader discussed the wars between Russia and Ukraine and Israel and Hamas, and he also said the Coalition will grow Australia’s trading relationships and nurture international relationships.

    Joining us live with reaction is the Foreign Minister Penny Wong. Minister, thank you for your time. Mr Dutton said earlier that one of his first acts as Prime Minister would be to call the Israeli Prime Minister, Benjamin Netanyahu, to affirm Australia’s support for Israel. He attacked your handling of this relationship, saying instead of treating Israel like the ally it is, this government, he said, has treated Israel like an adversary. As a friend of Israel, do you support the strikes that’s carried out on the Gaza Strip in recent days, which has led to hundreds of people dying?

    PENNY WONG, FOREIGN MINISTER: That’s a very long question and first, it’s good to be with you, Ashleigh. And I think what we saw from this speech from Peter Dutton is, as he said, you know, past behaviour is the best indicator of future behaviour. And I’d agree with him, because what we know about Peter Dutton is he’s lost in our region. We know that he made fun of the Pacific. He was part of the government that withdrew from the Pacific, leaving a vacuum for others to fill. We’ve seen him both in opposition and also in government, beating the drums of war. This is a man lost in our region. In terms of what we are seeing in the Middle East, where we are seeing, unfortunately, the ceasefire that Mr Dutton opposed has broken. We continue to urge all parties to observe the ceasefire for hostages to be returned, we want humanitarian aid to flow. We have been clear in that position alongside the majority of the international community, and it was Mr Dutton who is out of step.

    GILLON: Let’s turn to Mr Dutton’s comments on Ukraine. He again criticised your government’s willingness to send Australian peacekeeping troops to Ukraine, saying Australia doesn’t have the ability to have a presence in multiple theatres. Why would Australia send troops halfway around the world to Ukraine when the US has said it won’t? And Russia has made it very clear any such move would lead to grave consequences, in its words, for Australia.

    FOREIGN MINISTER: Well, first, I’d say a few things about what Mr Dutton said. He made a lot of criticism in relation to Ukraine, and I think everyone can see what he’s trying to do, which is, he’s trying to back up an argument which the facts don’t support. The reality is, if you ask President Zelenskyy what sort of friend and supporter he has in Australia and in this government, I think he’d be very clear about that, and he has been very clear about that. What I’d say is that the Prime Minister has articulated very clearly the reason why we want to back Ukraine, why it is something that matters to us. It’s because Russia’s behaviour is both illegal and immoral and is a breach of the UN Charter. And a permanent member of the Security Council has used its veto to justify a breach of the UN Charter. Now, that matters to middle powers like Australia. Now, what we have said is that if a request is made, we would consider it. Unfortunately, Mr Dutton, he had a chance to back Australia again, but as always, he wants to pick a political fight. Back Australia – he never chooses that path, always wants to pick a political fight.

    GILLON: I’m sure you were pleased to hear Mr Dutton say the PBS wouldn’t be up for negotiation with the Trump Administration if he does become Prime Minister. But what actually can Australia do to avoid potential tariffs on Australian medicine exports to the US? Our efforts, as we know so far, when it’s come to aluminium and steel, have failed.

    FOREIGN MINISTER: Well, first on the PBS, you can never trust Mr. Dutton on the PBS. We know that the only reason the PBS was protected when the US Free Trade Agreement was first struck was because of the Labor Party back in 2004. We know what Mr Dutton’s record is when it comes to health. And what the Prime Minister has said is this government, this Labor Government, is very clear. We are not up for negotiation on the PBS. We will fight to protect it. Full stop and end of story.

    In terms of the position of President Trump and the administration, I think every Australian can see President Trump’s second administration is taking a much harder position. A much harder position. In excess of 30 countries got exemptions the last time around, in the first Trump Presidency, on steel and aluminium, not one now. So, it’s very clear from that they’ve taken a much harder position. We will continue to engage, we will continue to negotiate, and we also continue to be very clear that the American pharmaceutical companies may be doing what they did some 20 years ago where they came after the PBS, this government is not for moving.

    GILLON: I’m keen for your thoughts on a developing story today. Malaysia has just announced it’s come to an agreement with the exploration firm Ocean Infinity. It’s going to be resuming the search for the wreckage of the missing Malaysia Airlines flight MH370. Has Australia received a briefing from either Malaysia or Ocean Infinity on where exactly they’re searching? Is there any support that we can be providing via the Australian Transport Safety Bureau?

    FOREIGN MINISTER: Oh, look, we have been part of the engagement on the search for MH370 for a very long time. We’ll continue to engage as Malaysia requires. Obviously, this is a tragedy, and it was a tragedy that so many families still carry with them. And so we continue to look for justice and resolution for those who lost their loved ones on that flight.

    GILLON: Well, considering our prolonged involvement in this, does the government have a view as to where it would be best to begin this search? As you know, there’s been a lot of speculation that the wreckage lies in the Seventh Arc in the Indian Ocean.

    FOREIGN MINISTER: Look, I’m not going to speculate about the location of this aircraft. Obviously, there’s been a lot of years, a lot of experts involved. What we hope is that it can be found and that there can be some closure for those who lost loved ones and for whom the lack of resolution here is a continued source of pain.

    GILLON: Foreign Minister Penny Wong, really appreciate you making the time. Thank you.

    FOREIGN MINISTER: Great to speak with you, Ashleigh.

    MIL OSI News –

  • MIL-OSI Australia: Arrest – Indecent exposure – Zuccoli

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 28-year-old female for indecent exposure at a school in Zuccoli this morning.

    Around 10:40am, police received reports of a female acting in a disorderly manner outside of a school premises on Ginger Road. It is alleged the 28-year-old female was making gestures at students, kicking the school fence, throwing and smashing objects before she indecently exposed herself.

    General duties members attended and arrested the female a short time later.

    Investigations remain ongoing and charges are expected to follow.

    MIL OSI News –

  • MIL-OSI: PDMR Shareholdings

    Source: GlobeNewswire (MIL-OSI)

    Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC), announces the vesting of certain Performance Stock Units (“PSU’s”) and Restricted Stock Units (“RSU’s”) previously awarded to Persons Discharging Material Responsibility (“PDMRs”), resulting in a change to previously disclosed PDMR holdings of Ordinary Shares of £0.20 each in the Company (“Ordinary Shares”).

    Members of the Company’s senior management vested in previously awarded PSUs and RSUs included:

    • Rusty Hutson, Jr, Co-Founder and Chief Executive Officer
    • Bradley Gray, President and Chief Financial Officer
    • Benjamin Sullivan, Senior Executive Vice President, Chief Legal & Risk Officer and Corporate Secretary

    Mr. Hutson’s listed awards were solely PSUs, while the awards to Mr. Gray, and Mr. Sullivan included a mix of PSUs and RSUs. The Company provides additional information about its 2022 long-term incentive plan within its Annual Report for the year ended December 31, 2024 available on its website.

    To settle the awards, the Company will transfer Ordinary Shares (net of customary withholdings, including taxes) from its Employee Benefit Trust (the “EBT”) as set forth in the table below:

      Net Award Shares Held Post-Award % of Issued Share Capital
    Rusty Hutson, Jr 42,007 1,276,141 1.58%
    Bradley Gray 26,546 192,131 0.24%
    Benjamin Sullivan 21,902 62,319 0.08%
           

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    www.div.energy  
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

    1 Details of the person discharging managerial responsibilities / person closely associated
    a) Name Rusty Hutson, Jr
    2 Reason for the notification
    a) Position/status Co-Founder and Chief Executive Officer
    b) Initial notification/Amendment Initial notification
    3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Diversified Energy Company PLC
    b) LEI 213800YR9TFRVHPGOS67
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
    a) Description of the financial instrument, type of instrument Bonus award of performance share units constituting a right to acquire Ordinary Shares of 20p each
      Identification code GB00BQHP5P93
    b) Nature of the transaction Vesting of performance share units units under the Company’s equity incentive plan
    c) Price(s) and volumes(s) Price(s) Volume(s)
        £Nil 42,007
    d) Aggregated information N/A single transaction
      Aggregated volume N/A single transaction
      Price N/A single transaction
    e) Date of the transaction 17 March 2025
    f) Place of the transaction Outside a trading venue (XOFF)
         
    1 Details of the person discharging managerial responsibilities / person closely associated
    a) Name Bradley Gray
    2 Reason for the notification
    a) Position/status President and Chief Financial Officer
    b) Initial notification/Amendment Initial notification
    3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Diversified Energy Company PLC
    b) LEI 213800YR9TFRVHPGOS67
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
    a) Description of the financial instrument, type of instrument Bonus award of performance share units and restricted stock units constituting a right to acquire Ordinary Shares of 20p each
      Identification code GB00BQHP5P93
    b) Nature of the transaction Vesting of performance share units units under the Company’s equity incentive plan
    c) Price(s) and volumes(s) Price(s) Volume(s)
        £Nil 26,546
    d) Aggregated information N/A single transaction
      Aggregated volume N/A single transaction
      Price N/A single transaction
    e) Date of the transaction 17 March 2025
    f) Place of the transaction Outside a trading venue (XOFF)
         
    1 Details of the person discharging managerial responsibilities / person closely associated
    a) Name Benjamin Sullivan
    2 Reason for the notification
    a) Position/status Senior Executive Vice President, Chief Legal & Risk Officer and Corporate Secretary
    b) Initial notification/Amendment Initial notification
    3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Diversified Energy Company PLC
    b) LEI 213800YR9TFRVHPGOS67
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
    a) Description of the financial instrument, type of instrument Bonus award of performance share units and restricted stock units constituting a right to acquire Ordinary Shares of 20p each
      Identification code GB00BQHP5P93
    b) Nature of the transaction Vesting of performance share units and restricted stock units under the Company’s equity incentive plan
    c) Price(s) and volumes(s) Price(s) Volume(s)
        £Nil 21,902
    d) Aggregated information N/A single transaction
      Aggregated volume N/A single transaction
      Price N/A single transaction
    e) Date of the transaction 17 March 2025
    f) Place of the transaction Outside a trading venue (XOFF)
         

    The MIL Network –

  • MIL-OSI: Director Shareholdings

    Source: GlobeNewswire (MIL-OSI)

    Diversified Energy Company PLC (LSE: DEC) (NYSE: DEC) announces that on March 18-19, 2025, members of the Company’s Board of Director’s (the “Board”) transacted in ordinary shares of 20p each in the Company (“Ordinary Shares”).

    Members of the Board transacting in Ordinary Shares included:

    • David Johnson, Non-Executive Chair of the Board
    • David J. Turner, Jr., Independent Non-Executive Director

    Details of the Board member transactions in Ordinary Shares and the resulting positions in the Ordinary Shares of the Company are as follows:

    Name Activity
    Date    		 Activity
    Type    		 Number
    of shares    		 Trading
    Venue    		 Average
    Price
    David Johnson 3/18/2025 Buy 1,250 LSE £10.20
    David J. Turner, Jr. 3/19/2025 Buy 15,000 NYSE $13.19

    Following the transactions, the total interest and per cent of the Company’s total issued share capital (“ISC”) of the aforesaid Board members may be found in the table below:

      Name Total
    Shareholdings    		 % of ISC  
      David Johnson 25,000 0.031%  
      David J. Turner, Jr. 48,087 0.059%  

    For further information please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations & Corporate Communications www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  


    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

    1  Details of the person discharging managerial responsibilities / person closely associated
    a) Name David Johnson
    2  Reason for the notification
    a) Position/status Non-Executive Chair of the Board
    b) Initial notification/Amendment Initial notification
    3  Details of the issuer, emission allowance market participant, auction platform, auctioneer
    or auction monitor
    a) Name Diversified Energy Company PLC
    b) LEI 213800YR9TFRVHPGOS67
    4  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
    type of transaction; (iii) each date; and (iv) each place where transactions have been
    conducted
    a) Description of the financial
    instrument, type of instrument    		 Ordinary Shares of 20 pence each
      Identification code GB00BQHP5P93
    b) Nature of the transaction Purchase of Ordinary Shares
    c) Price(s) and volumes(s) Price(s) Volume(s)
        £10.20 1,250
    d) Aggregated information  
      Aggregated volume 1,250
      Price £10.20
    e) Date of the transaction March 18, 2025
    f) Place of the transaction London Stock Exchange (XLON)
    1  Details of the person discharging managerial responsibilities / person closely associated
    a) Name David J. Turner, Jr.
    2  Reason for the notification
    a) Position/status Independent Non-Executive Director
    b) Initial notification/Amendment Initial notification
    3  Details of the issuer, emission allowance market participant, auction platform, auctioneer
    or auction monitor
    a) Name Diversified Energy Company PLC
    b) LEI 213800YR9TFRVHPGOS67
    4  Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each
    type of transaction; (iii) each date; and (iv) each place where transactions have been
    conducted
    a) Description of the financial instrument, type of instrument Ordinary Shares of 20 pence each
      Identification code GB00BQHP5P93
    b) Nature of the transaction Purchase of Ordinary Shares
    c) Price(s) and volumes(s) Price(s) Volume(s)
        $13.19 15,000
    d) Aggregated information  
      Aggregated volume 15,000
      Price $13.19
    e) Date of the transaction March 19, 2025
    f) Place of the transaction New York Stock Exchange (XNYS)

    The MIL Network –

  • MIL-Evening Report: How can you tell if your child’s daycare is good quality?

    Source: The Conversation (Au and NZ) – By Victoria Minson, Senior Lecturer in Early Childhood Education, Australian Catholic University

    PhotoMavenStock/Shutterstock

    This week, we heard claims of shocking abuse and neglect in Australian childcare centres on ABC’s Four Corners program.

    While 91% of services met or exceeded the national standards as of February 2025, there have also been reports of centres operating with unqualified staff, abusive practices and nutritionally substandard food.

    How can you tell if your child is going to a good quality childcare service?



    Read more:
    Amid claims of abuse, neglect and poor standards, what is going wrong with childcare in Australia?

    What are the standards?

    Australian’s childcare regulator – the Australian Children’s Education and Care Quality Authority or ACECQA – oversees national quality standards for early childhood education and care.

    Services are assessed and given a rating across seven areas including the staffing, children’s health and safety and the educational program. The ratings note whether services are “exceeding”, “meeting” or “working towards” the national standards. In some cases, they may note “significant improvement [is] required”.

    These ratings are public (you can search the national register of services) and are a useful starting point for parents.

    However, they may not reflect the current situation in a service. As the Productivity Commission noted, many services assessed as “meeting” the national standards (which
    comprise the bulk of the sector) have a gap of more than four years between assessments. Services with lower ratings are reassessed more frequently.

    But there are other ways for parents to assess the quality of their child’s early childhood education.



    Read more:
    We need more than police checks: how parents and educators can keep childcare services safe from abuse

    Do educators want to work there?

    If early childhood educators want to work at your childcare service, this is a strong sign it is a good quality service.

    One of the major issues in the early childhood sector is staff retention. Excessive workloads, not being valued by employers and poor pay are some of the reasons early childhood educators leave their jobs.

    This is a huge problem, because high-quality staff are key to providing high-quality education and care, built on strong, stable relationships with children.

    If you are considering a service, a key question to ask is how long educators have been working there? How often do they have to replace staff?

    If you are already at a service, ask yourself, are there consistent staff at drop off/pick up? Are there familiar relief educators to cover absences? Or is there unexplained high turnover?

    As a bottom line, all educators should be warm and caring and get to know every child and their family.

    Seeing the same educators when you drop off and pick up is a sign the service has a stable, committed workforce.
    PhotoMavenStock/Shutterstock

    What is the centre itself like?

    Some daycare centres market themselves to parents by offering a “barista made” coffee in the morning, yoga classes and designer interiors.

    While this might appeal to adult tastes, it is important to think about whether the centre is set up to be suitable and fun for children. For example:

    • is there space to play outside, with natural materials? It is recommended toddlers and preschoolers are physically active for at least three hours per day

    • are there plenty of different play options to appeal to different interests and different children? Or does nothing seem to be organised?

    • are toys and equipment in good condition? Are pencils sharpened and ready to use? Are there puzzle pieces missing?

    It’s important for children to have different options for play, both inside and outside.
    CrispyPork/Shutterstock



    Read more:
    Real dirt, no fake grass and low traffic – what to look for when choosing a childcare centre

    What about the activities and educational program?

    In Australia, centres need to provide play-based learning opportunities, which support children’s wellbeing, learning and development.

    This is not about teaching children to read and do algebra before they start school. It is about supporting children to have positive play experiences, so the associated learning is fun and leaves children wanting to know (and do) more.

    Services should provide children with lots of opportunities to explore in age-appropriate ways. For example, toddlers may have a sandpit with multiple tools and toys. Three- and four-year-olds may work on projects, such as building kites, or go on excursions in their local community.

    Educators should be involved in this play. Sometimes they may act as a partner, helping to extend children’s imaginations. Other times, they may support from the sideline, encouraging a child to climb to a higher part of the climbing frame than yesterday.

    They should not be telling children what to do all the time. It’s important for children to be given the time and space to test out their theories about how the world works.

    Some things to look out for include:

    • is there “cookie cutter” art (where every piece of children’s art looks the same) on the wall? Or are children given the chance to express their creativity?

    • can toys be used in more than one way, in different areas (to encourage children’s agency)? Or are toys required to be kept in certain places?

    • can educators talk about the different things they are doing to stimulate and extend children’s play and interests?

    Families should also receive clear, regular communication about their child’s development and progress. If there are issues with behaviour, the centre should provide evidence-based support that respects the rights and dignity of children (rather than punishing or shaming them).

    Finally, does your child seem to have fun at childcare? Provided there are no other issues (such as separation anxiety), do they want to go and see their educators and friends? This is a good sign of a quality service that is building children’s sense of belonging.

    Need more information?

    If you have any concerns or need more information, try talking to your centre director first. Alternatively, you can contact the regulatory authority in your state or territory.

    Victoria Minson is the Course Coordinator for the Bachelor of Early Childhood Education (Birth to Five Years) (Accelerated) at Australian Catholic University. The Victorian version of the course has received funding from the Victorian government and Victorian Department of Education

    – ref. How can you tell if your child’s daycare is good quality? – https://theconversation.com/how-can-you-tell-if-your-childs-daycare-is-good-quality-252613

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Australia: Visit by Foreign Minister, His Excellency Sugiono and high-level Indonesian business delegation to Australia

    Source: Australian Government – Minister of Foreign Affairs

    Australian Foreign Minister Penny Wong, and Indonesian Foreign Minister His Excellency Sugiono, met today in Sydney to discuss cooperation on shared priorities under the Indonesia-Australia Comprehensive Strategic Partnership. This is Minister Sugiono’s first official visit to Australia since his appointment in October 2024.

    The Ministers highlighted the profound strategic trust and strong friendship that characterises the relationship between Indonesia and Australia.

    Australia and Indonesia are working to strengthen economic prosperity for both countries, advancing shared development priorities, enhancing the links between our people, and deepening longstanding cooperation on defence and regional security.

    The Ministers agreed to update the Plan of Action for the Indonesia-Australia Comprehensive Strategic Partnership (2025–2029) ahead of the next Annual Leaders’ meeting. This plan will set key priorities for forward cooperation.

    A high-level Indonesian business delegation is also visiting Sydney this week. This builds on momentum from Australia’s largest ever investor mission to Indonesia last month, an initiative under Invested: Australia’s Southeast Asia Economic Strategy to 2040.

    Indonesia’s strong economic growth represents an enormous opportunity for Australian businesses and investors. There is a great appetite amongst Indonesian consumers for Australian education, healthcare and consumer goods. At the same time, Indonesian investment into Australia has increased.

    Minister Sugiono will attend this evening’s FIFA World Cup 2026 qualifier match between the Australian and Indonesian men’s soccer teams, alongside Indonesian Minister for Youth and Sports Dito Ariotedjo.

    Quotes attributable to Australian Minister for Foreign Affairs Penny Wong:

    “This visit to Australia by Minister Sugiono, Minister Dito Ariotedjo and a high-level Indonesian business delegation demonstrates the breadth of our bilateral relationship across political and strategic cooperation; economic partnership; and the strong links between our people.

    “Deepening our economic engagement with Indonesia is of enormous value to both our countries, and is a key part of Australia’s broader effort to diversify our economy, especially through growing markets in Southeast Asia.”

    Quotes attributable to Indonesian Minister for Foreign Affairs Sugiono:

    “This visit signifies the strong partnership between our two countries which is built on shared values, mutual respect for sovereignty, and our unwavering commitment to take an active part in fostering peace and prosperity in the Indo-Pacific region and at the global stage.

    “We will continue to highlight our Comprehensive Strategic Partnership through mutually beneficial cooperation in key areas such as trade and investment, critical minerals, electric vehicle and battery products, agriculture and food security, education, research, defense and security, and people-to-people contact.”

    Media note: Imagery will be available via the DFAT Multimedia Library

    MIL OSI News –

  • MIL-OSI Australia: Road blitz delivers for Melbourne’s west

    Source: Australian Executive Government Ministers

    The Albanese and Allan Labor Governments are fixing roads across Victoria, improving safety and better connecting Melbourne’s suburbs, Victoria’s regions, and surrounds.

    As part of our governments’ road blitz, we’re delivering two new projects in a big win for the west, including:

    • $55 million to duplicate and upgrade Central Avenue between Lunn Court and Skehan Boulevarde in Altona Meadows;
    • $3.5 million for a business case to upgrade Point Cook Road between Jamieson Way and Dunnings Road, building on previous work to develop the project scope. 

    As critical connecting roads to the Princes Freeway, these will be transformative projects for Melbourne’s west, reducing travel times and improving safety for the residents of Point Cook and surrounding growing suburbs. 

    The Princes Freeway is the main access road connecting the western suburbs to the city.

    It carries approximately 40,000 vehicles per day from Geelong, increasing to 90,000 vehicles per day at the Western Ring Road. 

    The Central Avenue and Point Cook intersection is used by nearly 28,000 vehicles a day.

    With congestion set to grow, travel times are expected to significantly increase. 

    These projects are part of the Albanese Labor Government’s $1 billion Road Blitz, matching the existing near billion-dollar road blitz campaign by the Allan Labor Government, who have since added an additional $200 million.

    This follows funding already allocated to five projects under the Road Blitz.

    Delivery timeframes for the projects will be determined in consultation with the Victorian Government.

    Quotes attributable to Minister for Infrastructure, Transport, Regional Development and Local Government Catherine King:

    “We’re giving Victorians the infrastructure they deserve after being short-changed by the former coalition government. 

    “This will be transformative project for Melbourne’s west, better connecting these growing suburbs with the city and the region.

    “The road blitz will fund projects to improve network efficiency, travel times and road safety in key areas of Melbourne and its surrounds.”

    Quotes attributable to Victorian Minister for Transport Infrastructure Gabrielle Williams:

    “After ten years of neglect from the federal Liberal National Party, it’s fantastic to have a partner in Canberra that can find Victoria on a map and deliver critical investments to keep our state moving.”

    “Our growing communities deserve the very best road connections, which is why we are investing more to improve traffic flow and boost safety across Melbourne’s west.”

    “We are getting on delivering these critical road projects that Victorians use and depend on every day – boosting safety and cutting congestion.” 

    Quotes attributable to Member for Gellibrand Tim Watts:

    “Growing suburbs in Melbourne’s west need growing infrastructure investments to match. 

    “My constituents have been stuck in traffic for too long. ​

    “After a decade of neglect under the coalition, the federal Albanese government is acting, delivering the funding needed for building Australia’s future.

    “Residents in Point Cook have long been waiting for a fix for Point Cook Road.

    “This business case will provide the state government with a plan for the solution.”

    Quotes attributable to Member for Point Cook Mathew Hilakari:

    “This expanded project and financial contribution means that we will be doing this road once and doing it properly, and I thank the federal government for its contribution.”

    MIL OSI News –

  • MIL-Evening Report: Adelaide Festival gives a hopeful vision for the future of Australian contemporary dance

    Source: The Conversation (Au and NZ) – By Erin Brannigan, Associate Professor Theatre and Performance, UNSW Sydney

    Mass Movement. Morgan Sette/Adelaide Festival

    I arrived at Stephanie Lake’s premiere of Mass Movement a little late on my first day at Adelaide Festival.

    Walking down the hill from King William road towards Elder Park, the Torrens River was lit up in oranges and golds by the setting sun. A river of people came into view, winding from a thin spread on the hillside nearest me to a thick block of settled-in picnicers, back up the opposite hill to the bank of institutional buildings along the river.

    In the centre of this river, a stage crowded with performers in black and white waved and flowed: movements that passed along individuals juxtaposed with sharper unison actions, vocalisations and free-for-alls.

    I missed the solo performance that opened this outdoor performance, and the procession of dancers winding down onto the stage. But what I saw left an impression of an excellent community activation with many performers of all ages and training backgrounds, and an audience of family, friends and strangers here to see this part-human part-natural spectacle.

    Mass Movement featured 1,000 dancers, the most Stephanie Lake has ever worked with.
    Morgan Sette/Adelaide Festival

    This work sits within Lake’s body of spectacle-scale works that have become a signature for this important new-generation Australian choreographer. With 1,000 performers, the most she has ever worked with, whether bigger is better may be neither here nor there when the emphasis is on spectacle and community.

    One Single Action in an Ocean of Everything

    Established Melbourne-based choreographer Lucy Guerin’s mastery of the duet, her use of unison and tight spatial delineations, gestural detail and intensely demanding timing are all there in her most recent work, One Single Action in an Ocean of Everything.

    Dancers and choreographic collaborators Amber McCartney and Geoffrey Watson are up to the task and perfectly matched. McCartney is compact, precise but playful. Watson is more measured yet somehow looser and more sensual.

    The first half of the piece works intricate movements along a diagonal across the stage to downstage right, where a moon-like sphere hangs at head height.

    Lucy Guerin plays with themes of destruction, orthodoxy, disobedience, care and empathy.
    Gregory Lorenzutti/Adelaide Festival

    The dancers’ trajectory, and often their gaze, are locked on this object. In the upper corner on the floor are mallets. Taken up by the dancers, they become part of a percussive choreography. The spectacle of the dancers making their mark on time within the complex choreography locks us all into a ride that we anticipate will end with a smashed sphere.

    Guerin’s experience is evident in how she shapes a work. The opening sections with their tightrope-like structure are physically, temporally and spatially smashed as the material from the sphere flies across the stage.

    A broom is introduced by Watson. This precipitates a new relationship between the two dancers. Experiential chaos versus spatial order replaces the teamwork of the first half, as the two become constantly at odds with each other.

    Themes of destruction, orthodoxy, disobedience, care and empathy are not hard to draw out of this microcosm. The sound, by CS + Kreme, does great support work with its mechanical complexities, pounding meter and a high synthetic sound like a tap running in the next hotel room. The lighting design by Paul Lim is also a star.

    A Quiet Language

    A Quiet Language asks a tall order of Daniel Riley and co-director Brianna Kell: to create a performance work that spoke to the 60th anniversary of Australian Dance Theatre (ADT).

    Riley, a Wiradjuri man from Western New South Wales, took on the directorship of ADT in 2022 following Garry Stewart’s 20-year plus tenure, with Kell as artistic associate. The introduction of Indigenous leadership for the company is welcome. There is a history of cultural appropriation across many Australian dance artists, from Beth Dean and Rex Reid in the 1950s, to the complex case of Jiri Kylian’s Stamping Ground (1983) later performed by Bangarra Dance Theatre in 2019.

    It is well overdue that the rich and deep choreographic practices of our First Nations people are now being represented by leadership in a major dance company outside Bangarra.

    In A Quiet Language, the names of artists associated with the company flicker as the years scroll past on the horizontal screens at either end of the space. But the real homage might be in the tone and style of this work.

    Tie-dyed costumes by Ailsa Paterson, featuring an occasional headband, speak to the genesis of the company under the direction of Elizabeth Cameron Dalman across 1965–75.

    A Quiet Language is a homage to the choreographic history of ADT.
    Morgan Sette/ADT

    Dalman is credited as collaborator, and the company spent four weeks of development with this extraordinary artist now in her 90s.

    A Quiet Language begins with two female dancers, Yilin Kong and Zoe Wozniak, walking from one bank of audience to the other, directing their bold and curious gaze at us. They are accompanied by composer and musician Adam Page who remains on stage throughout.

    Sebastian Geilings, Zachary Lopez and Patrick O’Luanaigh join them with more playful provocations for the audience, making the school group in the bank opposite me squirm.

    We have met the dancers first as individuals, and the full cavalcade of ADT’s historical casts rests, virtually, behind the five young artists.

    This breaking of the fourth wall speaks to the radical new approach that Dalman’s work represented in the 1960s when contemporary approaches to dance were still emerging locally.

    The dancers move into group work that dominates the many phases of the piece, memorably a stormy section representing protest in theatre dance around the world in the 1960s.

    This is followed by a dark solo by Wozniak that heaves itself off the floor in tense, cramping movements, resonating with the suffering behind current international headlines.

    The dancers are credited with choreographic collaboration and it shows in their commitment to, and comfort within, the movement. This is delivered at an intense and unrelenting pitch throughout, recalling Stewart’s signature high-impact work. But the way the choreography is drawn to the floor – through tenacious connection or a giving-in that slides joyfully across its surface – feels fresh.

    The Walking Track

    I end my time in Adelaide with Karul Projects’ The Walking Track, presented by Vitalstatistix in Port Adelaide, where six performance pieces were commissioned by local First Nations dance and performance artists.

    These are dispersed on site along a walk hosted by Karul Projects’ artistic director, Thomas E.S. Kelly, a Minjungbal, Wiradjuri and Ni-Vanuatu man.

    Kelly established Karul Projects alongside Taree Sansbury, a local Kaurna, Narungga and Ngarrindjeri woman, in 2017 in Queensland, making this a rare First Nations dance company existing outside Bangarra Dance Theatre.

    The Walking Track shows the future of Australian contemporary dance is bright.
    Heath Britton/Vitalstatistix

    The all-female cast of artists – Adrianne Semmens, Alexis West, Caleena Sansbury, Janelle Egan, Kirsty Williams, Lilla Berry, Mel Koolmatrie and Pearl Berry – offered works-in-development that told stories of family, loss, displacement and environmental destruction.

    Their careful framing by Kelly on Country gave assurance that the future of Australian contemporary dance is bright.

    Walking with the small audience around Port Adelaide, I kept an eye out for the dolphins Kelly informed us were just below the surface and imagined the local Kaurna people who had gathered on the banks there before being moved on. I could feel a slowly turning tide that will, no doubt, inspire fresh creative and critical gains for Australian contemporary dance.

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

    – ref. Adelaide Festival gives a hopeful vision for the future of Australian contemporary dance – https://theconversation.com/adelaide-festival-gives-a-hopeful-vision-for-the-future-of-australian-contemporary-dance-252300

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback

    Source: The Conversation (Au and NZ) – By Alan Brent, Professor and Chair in Sustainable Energy Systems, Te Herenga Waka — Victoria University of Wellington

    Getty Images

    A national energy strategy for Aotearoa New Zealand was meant to be ready at the end of last year. As it stands, we’re still waiting for a cohesive, all-encompassing plan to meet the country’s energy demand today and in the future.

    One would expect such a plan to first focus on reducing energy demand through improved energy efficiency across all sectors.

    The next step should be greater renewable electrification of all sectors. However, questions remain about the cradle-to-grave implications of investments in these renewable resources.

    We have conducted life-cycle assessments of several renewable electricity generation technologies, including wind and solar, that the country is investing in now. We found the carbon and energy footprints are quite small and favourably complement our current portfolio of renewable electricity generation assets.

    Meeting future demand

    The latest assessments provided by the Ministry of Business, Employment and Innovation echo earlier work by the grid operator Transpower. Both indicate that overall demand for electricity could nearly double by 2050.

    Many researchers believe these scenarios are an underestimate. One study suggests the power generation capacity will potentially need to increase threefold over this period. Other modelling efforts project current capacity will need to increase 13 times, especially if we want to decarbonise all sectors and export energy carriers such as hydrogen.

    This is, of course, because we want all new generation to come from renewable resources, with much lower capacity factors (the percentage of the year they deliver power) associated with their variability.

    Additional storage requirements will also be enormous. Following the termination of work on a proposed pumped hydro project, other options need investigating.

    Wind and solar are becoming the primary renewable technologies.
    Shutterstock/Kyohei Miyazaki

    Building renewable generation

    The latest World Energy Outlook published by the International Energy Agency (IEA) shows that wind and solar, primarily photovoltaic panels, are quickly taking over as the primary renewable technologies.

    This is also true in Aotearoa New Zealand. An updated version of the generation investment survey, commissioned by the Electricity Authority, shows most of the committed and actively pursued projects (to be commissioned by 2030) are solar photovoltaic and onshore wind farms.

    Offshore wind projects are on the horizon, too, but have been facing challenges such as proposed seabed mining in the same area and a lack of price stabilisation measures typical in other jurisdictions. New legislation aims to address some of these challenges.

    Distributed solar power (small-scale systems to power homes, buildings and communities) has seen near-exponential growth. Our analysis indicates wind (onshore and offshore) and distributed solar will make an almost equal contribution to power generation by 2050, with a slightly larger share by utility-scale solar.

    Cradle-to-grave analyses

    The main goal is to maintain a stable grid with secure and affordable electricity supply. But there are other sustainability considerations associated with what happens at the end of renewable technologies’ use and where their components come from.

    The IEA’s Global Critical Minerals Outlook shows the fast-growing global demand for a suite of materials with complex supply chains. We have also investigated the materials intensity of taking up these technologies in Aotearoa New Zealand, and discussed the greater dependence on those supply chains.

    The challenges in securing these metals in a sustainable manner include environmental and social impacts associated with the mining and processing of the materials and the manufacturing of different components that need to be transported for implementation here. There are also operating and maintenance requirements, including the replacement of components, and the dismantling of the assets in a responsible manner.

    We have undertaken comprehensive life-cycle assessments, based on international standards, of the recently commissioned onshore Harapaki wind farm, a proposed offshore wind farm in the South Taranaki Bight, a utility-scale solar farm in Waikato and distributed solar photovoltaic systems, with and without batteries, across the country.

    The usual metrics are energy inputs and carbon emissions because they describe the efficiency of these technologies. They are considered a first proxy of whether a technology is appropriate for a given context.

    Beyond that, we used the following specific metrics, as summarised in the table below:

    • GWP: global warming potential (carbon emissions during a technology’s life cycle per energy unit delivered).

    • CPBT: carbon payback time (how long a technology needs to be operational before its life cycle emissions equal the avoided emissions, either using the grid and its associated emissions or conventional natural gas turbines).

    • CED: cumulative energy demand over the life cycle of a technology.

    • EPBT: energy payback time (how long a technology needs to be operational before the electricity it generates equals the CED).

    • EROI: energy return on investment (the amount of usable energy delivered from an energy source compared to the energy required to extract, process and distribute that source, essentially quantifying the “profit” from energy production).

    There is much debate about the minimum energy return on investment that makes an energy source acceptable. A value of more than ten is generally viewed as positive.

    Life cycle assessment metrics of wind and solar power in Aotearoa New Zealand.
    Te Herenga Waka Victoria University of Wellington, CC BY-SA

    For all technologies we assessed, the overall greenhouse gas emissions are lower than the grid emissions factor. Because of New Zealand’s already low-emissions grid, the carbon payback time is around three to seven years for utility-scale generation. But for small-scale, distributed generation it can be up to 13 years. If the displacement of gas turbines is considered, the payback is halved.

    Energy return on investment is above ten for all technologies, but utility-scale generation is better than distributed solar, with values of between 30 and 75.

    To put this into perspective, the energy return on investment for hydropower, if operated for 100 years, is reported to be 110. Utility-scale wind and solar being commissioned now have an operational life of 30 years but are typically expected to be refurbished.

    This means their energy return on investment is becoming comparable to hydropower.

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

    – ref. If NZ wants to decarbonise energy, we need to know which renewables deliver the best payback – https://theconversation.com/if-nz-wants-to-decarbonise-energy-we-need-to-know-which-renewables-deliver-the-best-payback-251819

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: You can catch the ‘nocebo’ effect from family, friends – even social media. But what is it, actually?

    Source: The Conversation (Au and NZ) – By Cosette Saunders, PhD candidate, Sydney Placebo Lab, University of Sydney

    Pixel-Shot/Shutterstock

    In 1998, shortly after arriving for work, a Tennessee high-school teacher reported a “gasoline-like smell” and feeling dizzy. Soon after, many students and staff began reporting symptoms of chemical poisoning. Some 38 people had such extreme symptoms they were kept in hospital overnight.

    Yet investigators didn’t find any evidence the school had been contaminated.

    How could staff and students of this United States high school have had such extreme reactions without being exposed to a toxic agent?

    The answer is the “nocebo effect”.

    What is the nocebo effect?

    Most people have heard of the placebo effect, where a fake treatment can improve someone’s health because they believe it will help them.

    The nocebo effect is the opposite. It occurs when someone expects a negative outcome from a harmless treatment or situation, and this triggers worse health.

    The staff and students at the Tennessee high school believed they had been exposed to a toxic gas leak and expected symptoms. These negative expectations caused them to feel sick even though there was no gas leak.

    How is this relevant today?

    When a doctor prescribes you a new medicine, they need to warn about possible side effects, as part of you giving your informed consent.

    But knowing the side effects can cause you to expect them, and therefore lead you to experience more side effects.

    A large-scale review found nearly 73% of people in drug trials given a placebo and told about possible side-effects reported side effects despite taking no active treatment – an example of the nocebo effect.

    Placebo and nocebo effects can also affect the efficacy of real medical treatments.

    For example, in one study, participants who were led to expect a powerful painkiller would give them
    strong pain relief reported roughly twice as much pain relief compared to those who received the same drug without being told it was a painkiller. However, when participants were led to expect the same painkiller would worsen their pain, they had no pain relief – as if they hadn’t received the drug at all.

    Knowing the side effects can cause you to expect side effects and therefore experience more side effects.
    SpeedKingz/Shutterstock

    How do nocebo effects develop?

    We already know that simply warning people about possible side effects can make them more likely. We also know that past experiences with treatments shape what we expect and experience. If we have experienced pain from a treatment in the past, this can cause us to expect and experience more pain when we receive that treatment again.

    Now there’s growing evidence nocebo effects can also be transmitted socially between peers. In other words, we can “catch” them from other people like a cold, except the transmission happens simply by observing others.

    Negative expectations can spread from person to person, as shown in one experiment. Observing someone experience more pain in response to a treatment made the observer feel more pain in response to the same treatment when it was their turn, even though the treatment the observer experienced was fake.

    Social media amplifies this, carrying personal tales of woe much further than once possible, regardless of the accuracy.

    For example, a tweet by singer Nicki Minaj in 2021 claimed “the vaccine” (presumably the COVID vaccine) gave her cousin’s friend swollen testicles and made him “impotent”. This went out to her millions of followers, and generated more than 100,000 likes. It was debunked days later.

    One study found that negative stories about COVID vaccine side effects – especially from friends or social media – were linked to stronger expectations of having those same symptoms. These expectations, in turn, predicted the actual side effects people reported after vaccination.

    An Australian study found this effect was amplified among individuals who already worried a lot about side effects, felt anxious or stressed, or looked primarily to social media (instead of mainstream sources) for health information.

    If you hear about COVID vaccine side effects on social media, you’re more likely to expect side effects and report you have them.
    Jo Panuwat D/Shutterstock

    The effects can be serious

    For individuals, nocebo effects can lead to unnecessary suffering with genuine pain and discomfort. Unpleasant side effects can also contribute to people not continuing their treatment as prescribed or abandoning it altogether.

    On a broader public health level, the nocebo effect can make it hard to evaluate the safety of new technologies and public health interventions. For example, health concerns have surfaced around the safety of electromagnetic fields from wireless signals and 5G towers, supposedly causing a range of physical symptoms like headache and insomnia.

    In the laboratory, these symptoms have been attributed to nocebo responses rather than properties of the technology itself.

    When unfounded negative information takes hold, people suffer genuine health effects, businesses face pushback, and the wider community may grow suspicious of technologies that are generally considered safe based on available evidence.

    What can we do about it?

    Individuals can reduce their likelihood of experiencing nocebo-driven symptoms by seeking reliable information from credible medical sources or reputable health organisations instead of relying on social media.

    But even the way side effect information is communicated contributes to the nocebo effect. So health professionals may be able to help by framing discussions of potential side effects in a more positive way and – when appropriate – emphasising that most patients experience no problems.

    Negative expectations can physically hurt us, and thanks to social media, they can spread widely, fast. However, by staying informed, being mindful of our own beliefs, and insisting on thoughtful communication from health professionals and public health campaigns, we can keep the nocebo effect in check.

    Ben Colagiuri receives funding from the Australian Research Council.

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

    – ref. You can catch the ‘nocebo’ effect from family, friends – even social media. But what is it, actually? – https://theconversation.com/you-can-catch-the-nocebo-effect-from-family-friends-even-social-media-but-what-is-it-actually-249844

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Economics: From Sydney Harbour to the Oscars: How the Galaxy S25 Series Launched Around the World

    Source: Samsung

    To introduce the Galaxy S25 series to the world, Samsung Electronics launched a series of bold and immersive marketing campaigns across key markets — each designed to showcase the flagship lineup’s AI-powered next-generation capabilities. From an interactive watercraft experience in Australia and a metro station rebrand in Chile to a laser show in Malaysia and an esports tournament in India, these activations brought the Galaxy S25 experience directly to consumers through dynamic and engaging events.
     
    Samsung Newsroom explores some of the standout campaigns that marked the arrival of the Galaxy S25 series worldwide.
     
     
    [Australia] Elevating Morning Commutes With the Galaxy Go Fleet
    
     
    In Australia, Samsung launched the Galaxy Go Fleet — a fleet of custom-branded watercraft that transformed daily commutes across Sydney Harbour and the Brisbane River into an interactive Galaxy S25 experience. Passengers on board had the opportunity to test key Galaxy AI features, including Now Brief and Audio Eraser, and experienced firsthand how the Galaxy S25 series helps them start and navigate their day with ease.
     
     
    [Peru] Introducing the Galaxy AI Train on Lima Metro’s Line 1

     

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    A post shared by Samsung Perú (@samsungpe)

     
    Samsung Peru became the first tech company in Peru to rebrand a metro train by introducing the Galaxy AI Train on Lima Metro’s Line 1, a key transportation route serving over 500,000 passengers daily. In celebration of the Galaxy S25 series launch, passengers received exclusive metro cards and promotional goods — further enriching their unique transportation experience.
     
     
    [Chile] Transforming Tobalaba Metro Station and Illuminating Santiago’s Night Sky

     
    Samsung Chile made its mark in Santiago with two high-profile activations to celebrate the launch of the Galaxy S25 series. Tobalaba Metro Station, one of the city’s busiest transit hubs, was officially renamed “Galaxy AI” — immersing daily commuters in the Galaxy S25 experience.
     
    
     
    The celebrations continued with a spectacular drone light show where over 300 drones illuminated Santiago’s night sky with stunning visual arrangements alluding to Galaxy AI and the Galaxy S25 series. The synchronized performance mesmerized spectators, turning the city skyline into a dazzling tribute to Samsung’s latest mobile innovations.
     
     
    [United States] Bringing Stunt Action to the Oscars With Galaxy AI

     
    In the U.S., Samsung celebrated the Galaxy S25 Ultra during the 2025 Oscars with two high-energy ads featuring stunt performers — developed in collaboration with Disney Advertising, ArtClass Content, Empire Stunts, Kimmelot, Maximum Effort, More Media and Really Original. The campaign highlighted the Galaxy S25 Ultra’s advanced AI-powered video-editing capabilities such as Audio Eraser, a feature that removes unwanted background noise. By demonstrating how Galaxy AI enhances both professional filmmaking and everyday content creation, the initiative put stunt professionals in the spotlight — recognizing their contributions to the industry while showcasing Samsung’s state-of-the-art mobile technology.
     
     
    [United Kingdom] Celebrating Everyday Moments With a Personal Touch

     

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    Samsung U.K. embraced a more personal approach by highlighting how the Galaxy S25 Ultra enhances daily life. Through engaging social media content created in collaboration with Anaïs Gallagher and Molly Moorish-Gallagher, Samsung demonstrated the Auto Trim feature, which allows users to effortlessly edit their favorite video clips and even generate highlight reels. Additionally, the campaign illustrated how the Galaxy S25 Ultra, through the Now Brief feature, integrates itself into users’ bedtime routines by providing personalized updates and content — thereby helping them wind down more easily after a busy evening.
     
     
    [Malaysia] Lighting Up Kuala Lumpur With Fireworks and Laser Beams

     
    Samsung Malaysia celebrated the arrival of the Galaxy S25 series with spectacular fireworks and a laser show over the Merdeka 118 tower. In addition, Samsung hosted the Edit & Win contest — inviting participants to creatively edit a fireworks image using Galaxy AI’s many tools for a chance to win a Galaxy S25 Ultra.
     
     
    [Brazil] Capturing São Paulo From the Sky With the Galaxy S25 Ultra

     
    In Brazil, Samsung launched a unique experience at Sampa Sky, São Paulo’s highest observation deck accessible to the public. Suspended 150 meters above ground level, visitors had the opportunity to capture breathtaking views of the city skyline with unparalleled clarity and detail using the Galaxy S25 Ultra’s 200MP main camera and AI-enhanced 100x space zoom. The campaign also showcased Galaxy AI’s advanced editing tools, demonstrating how users can seamlessly refine and enhance their shots.
     
     
    [Italy] Pushing the Galaxy S25 Ultra to the Limit in the Dolomites
    
     
    Samsung Italy hosted the Galaxy Wintercamp in the Dolomites where nine athletes and creators spent three days pushing the Galaxy S25 Ultra to its limits in extreme alpine conditions. Participants used Now Brief to optimize their planning and employed the device’s 200MP camera and AI-enhanced photography tools to capture breathtaking ski descents, tricks and ice performances.
     
     
    [India] Taking Center Stage at the #PlayGalaxy Cup

     
    In India, Samsung hosted the third edition of the #PlayGalaxy Cup — one of the biggest esports events in the country. The tournament saw India’s top gamers compete against one another using the Galaxy S25 Ultra, allowing them to experience the device’s advanced display, next-level processing power and AI-driven gaming enhancements firsthand. Streamed live, the competition demonstrated how the Galaxy S25 series is designed to meet the demands of high-intensity gameplay while delivering a smooth, immersive experience.
     
     
    [Thailand] Bringing Star Power to the Launch in Bangkok

     
    Samsung Thailand celebrated the Galaxy S25 series launch with the Galaxy S25 | Here AI am Music Fest, a high-energy event featuring celebrities, influencers and fan activities. Attendees enjoyed interactive games with #TeamGalaxy stars and tested the latest Galaxy AI features. The night culminated in a blue carpet walk and an AI-powered concert where Galaxy AI helped curate the show with a blend of music, technology and entertainment.

    MIL OSI Economics –

  • MIL-OSI USA: Ahead of Expected Executive Order Abolishing Department of Education, Senator Murray, Seattle School Board President, Parents, Advocates Raise Alarm Over Trump Dismantling Ed, Spell Out Harms to WA Students

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    WA STATE FACT SHEET on how Department of Education supports WA students and schools

    ICYMI: Murray, Top Appropriators Demand Detailed Answers on Trump Admin’s Sweeping Mass Firings at Department of Education

    ***PHOTOS, B-ROLL HERE***

    ***WATCH HERE***

    Washington, D.C. — Today, as reporting indicates President Trump will sign an Executive Order aimed at eliminating the Department of Education tomorrow, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and a senior member and former Chair of the Senate Health, Education, Labor and Pensions (HELP) Committee, held a roundtable discussion with Seattle School Board President Gina Topp and parents and educators laying out how President Trump’s moves to dismantle the Department of Education are a serious threat to students, educators, and public schools throughout Washington state.

    Last week, the Department of Education announced that it was firing more than 1,300 workers as part of Trump and Elon Musk’s indiscriminate mass layoffs across the federal workforce. This and other administration actions to date will cut the Department’s workforce in half and effectively gut the agency. While outright abolishing the Department would require an act of Congress, President Trump has said repeatedly that he intends to do everything possible to achieve that goal and is expected to issue an executive order tomorrow that seeks to eliminate the Department and move its functions to other agencies. On Monday, Senator Murray led a letter demanding detailed answers from the Department about the mass firings it has conducted and how it is carrying out requirements of federal law and its critical responsibilities despite the sweeping reductions in force.

    “Trump and Musk are taking a wrecking ball to the U.S. Department of Education and firing half its staff—we’re talking about the people who make sure federal funds get to our kids and schools, help students fill out the FAFSA and get Pell Grants and financial aid, protect students from predatory for-profit colleges, enforce our civil rights laws, and so much more. What’s the end goal here? Destroying public education in America—and robbing our students and families of critical funding while Trump and Musk enrich themselves,” said Senator Murray. “The effects of Trump and Musk’s slash and burn campaign will be felt across our state—by students and families who suffer from the loss of Department staff working to ensure their rights under federal law, school districts who have to lay off teachers, students who can’t get the help they need to get financial aid, and families who get ripped off because the watchdogs were fired. This issue is personal for me, and for every single family. We cannot relent in this fight—and we should never underestimate the power of our own voices.”

    The Department of Education provides critical funding and support to students, teachers, and schools in Washington state, including providing $301 million annually in IDEA funding for 152,000 students with disabilities—15 percent of Washington’s student population—and $307 million annually in Title I funding for schools enrolling 511,000 from low-income backgrounds—reflecting 46 percent of Washington’s student population, among so much else. Another central responsibility of the Department is to identify, investigate, and resolve school violations of civil rights laws. A record number of civil rights complaints (22,687) were filed in Fiscal Year 2024; 35 percent of cases were based on disability discrimination. Trump’s plans for the Department of Education are extremely unpopular; 58 percent of voters across the political spectrum oppose eliminating the Department.

    “Seattle Public Schools, like districts across the country, depends on federal funding to ensure every student has access to a high-quality education. These funds aren’t extras—they provide essential support for students from low-income families, English learners, and students with disabilities, breaking down barriers that stand in the way of opportunity. Cutting these programs doesn’t just hurt students today—it weakens our entire community and our future. Any cuts to these programs would undercut our collective future,” said Gina Topp, Seattle Public Schools Board President.

    “ED enforces civil rights laws that prohibit discrimination in the educational environment. These three main laws are Title IX, which prohibits sex discrimination; Title VI, which prohibits racial discrimination; and Section 504, which prohibits disability discrimination. These laws help students in Washington State and across the county every single day…I help represent the Office for Civil Rights when offices are sued for how they’ve handled a discrimination complaint or when the office is sued over a new regulation or piece of guidance that OCR has published. I work with incredible, dedicated, hard-working public servants. Many of them have spent decades, or for some their entire careers, working for ED. The level of experience and knowledge that they bring to their work is simply irreplaceable,” said Rebecca Yates, an attorney for the Department of Education, Office of Civil Rights, participating in the discussion in her personal capacity. “Last Tuesday night, like hundreds of ED employees across the country, I received an email informing me that my entire division was being abolished, and my position was being eliminated. I’m upset about losing my job, but I’m devastated about what’s happening to the Department of Education, and deeply concerned about the future of the Department—and the future of public education in this country.”

    “Because my children received appropriate early intervention, IEP services, and accommodations, my oldest son was able to graduate from college and secure his first job. That success would not have been possible without federally funded programs that helped level the playing field for students like him. I once believed I could provide all the necessary support on my own—I even earned a PhD in my effort to do so—but I quickly learned that specialized services, trained professionals, and a strong federal commitment to disability education are essential,” said Lanya McKittrick, PhD, a special education researcher and family support professional, and the parent of four kids with special needs. “As a family support professional working with parents of children with low-incidence disabilities, I see the impact of these programs every day. Families are already struggling with devastating budget cuts that have stripped away services. If we allow this to continue, we risk undoing over 30 years of progress in disability rights and education.”

    “I am deeply concerned about the administration’s recent staffing cuts and plans to dismantle the Education Department,” said Heather Schwindt, an advocate for kids with special needs and parent of two kids with disabilities, one of whom relies on an Individualized Education Program (IEP) plan to succeed in school. “This decision will set back public education and harm students with disabilities. A primary concern is the potential loss of funding for essential services and programs supporting students with disabilities. These services, mandated by federal laws such as the IDEA and Section 504 of the Rehabilitation Act, are crucial for ensuring that students with disabilities receive a free and appropriate public education. Reduced staffing, larger special education caseloads, and reduced capacity for delivering specialized services will result in a reduction of federal funding for Special Education… 60 years ago, children with disabilities were often denied the right to attend school. We’ve made progress with Section 504, IDEA, and the Department of Education and there is more progress to be made. The Department of Education is vital with the investments it makes in providing research to practice models, providing data on student outcomes nationally, and helping our state and others continue to push to do better for all children.”

    A senior member and former chair of the HELP Committee, Senator Murray has championed students and families at every stage of her career—fighting to help ensure every child in America can get a high-quality public education. Among other things, Senator Murray negotiated the bipartisan Every Student Succeeds Act (ESSA), landmark legislation that she got signed into law, replacing the broken No Child Left Behind Act. As a longtime appropriator, she has successfully fought to boost funding to support students and invest in our nation’s K-12 schools, and she has secured significant increases to the Pell Grant so that it goes further for students pursuing a higher education. Senator Murray also successfully negotiated the FAFSA Simplification Act, bipartisan legislation to reform the financial aid application process, simplify the FAFSA form for students and parents, and significantly expand eligibility for federal aid.

    On Monday, Senator Murray led a letter demanding detailed answers from the Department of Education about the mass firings and other detrimental actions which risk major reductions in support for and oversight of federal investments in our nation’s K-12 schools and institutions of higher education and threaten vital support for students with disabilities, access to Pell Grants and other financial aid, oversight of student loan servicers, scrutiny of for-profit colleges, and more. The letter follows an earlier March 6 letter Senator Murray sent alongside colleagues demanding answers about the chaotic, harmful actions taken by ED since January—which the Department has yet to respond to. During Secretary Linda McMahon’s confirmation hearing, Senator Murray pressed McMahon on whether she will ensure approved funding gets out to serve students as the law requires and whether she would protect students’ data from DOGE. She also asked McMahon to name a single requirement of ESSA—and McMahon couldn’t name any. Ahead of McMahon’s confirmation, Senator Murray spoke out on the Senate floor against her nomination and sounded the alarm over President Trump and Elon Musk’s plans to dismantle the U.S. Department of Education.

    A fact sheet outlining how the Department of Education supports students in Washington state is HERE.

    MIL OSI USA News –

  • MIL-OSI Australia: Murchison Green Hydrogen Project given a headstart

    Source: Australian Renewable Energy Agency

    Overview

    • Category

      News

    • Date

      20 March 2025

    • Classification

      Hydrogen energy

    The Australian Renewable Energy Agency (ARENA) has announced the first recipient from its Hydrogen Headstart Program, with $814 million in funding allocated under round 1 to Copenhagen Infrastructure Partners’ (CIP) 1,500 MW Murchison Green Hydrogen Project in Western Australia.

    ARENA CEO, Darren Miller said Australia has immense potential when it comes to hydrogen projects, however, many projects face challenges due to the current gap between the market price for renewable hydrogen and production costs.

    “At the time it was announced, Hydrogen Headstart was the largest government investment in Australia’s developing renewable hydrogen industry. ARENA’s support will help Australia’s first large-scale projects get to financial close and deliver on Australia’s promise as a provider of clean energy to decarbonise industry in Australia and globally,” Mr Miller said.

    “The Hydrogen Headstart Program commits funding to bridge the current commercial gap in the form of a production credit, meaning funding is only provided once projects are constructed and operational.”

    “Enabling hydrogen projects through Hydrogen Headstart is essential to ensure our economic prosperity as the world transitions to cleaner forms of energy especially in hard to abate sectors such as ammonia, iron and alumina.”

    “CIP’s Murchison project is an example of how we can leverage Australia’s high quality solar and wind resources to produce low-cost renewable hydrogen and ammonia at scale, increasing export opportunities and embedding Australia as a key enabler of global decarbonisation,” Mr Miller said.

    Hydrogen Headstart recipient Murchison must now satisfy a number of development conditions and achieve commercial operations before the funding is released. Funding under the program is paid based on production volumes over a 10-year operating period.

    To date, ARENA has provided over $370 million to 65 renewable hydrogen projects from early-stage research to deployment projects.

    According to analysis by the Department of Climate Change, Energy, the Environment and Water (DCCEEW), Australia’s hydrogen industry could unlock over $50 billion in additional private sector investment and create up to 16,000 new jobs by 2030.

    Murchison Green Hydrogen CEO, Shohan Seneviratne said: “CIP is honoured to receive Hydrogen Headstart funding, which reinforces our shared vision with the Australian Government to establish a leading green hydrogen industry in Australia. We are committed to contributing to Australia’s green hydrogen ambitions by creating local jobs, supporting skills development and sharing project benefits with local communities, including First Nations.”

    “We appreciate the support from the Australian Government, Minister Bowen, and ARENA and commend their leadership, vision and collaboration to make Murchison and the Australian hydrogen industry a reality.”

    Further information concerning Hydrogen Headstart Round 1 outcomes will be announced in due course.

    Murchison Green Hydrogen project summary:

    The Murchison Green Hydrogen project is being developed by Copenhagen Infrastructure Partners through its Energy Transition Fund I (ETF I), with the project team based locally in Perth. Murchison involves large-scale production of renewable hydrogen and ammonia in the Mid West of Western Australia. The project will be located approximately 15 km north of the coastal town of Kalbarri and will include up to 1.5 GW of electrolysis and 3,600 tonnes per day of Haber-Bosch ammonia production capacity. The facility will operate completely off-grid, powered by approximately 1.2 GW of solar photovoltaic and approximately 1.7 GW of onshore wind new build generation with a 600 MW /1,200 MWh battery energy storage system and water sustainably sourced through a new desalination facility. Renewable ammonia is expected to be exported to support global decarbonisation.

    CIP’s ETF I is the world’s largest dedicated renewable hydrogen fund with approximately AUD 5 billion available for investment in decarbonising hard-to-abate industries such as steel-making, co-firing, chemical production, agriculture and transportation.

    To find out more, visit: murchisonrenewables.com.au

    ARENA media contact:

    media@arena.gov.au

    Download this media release (PDF 143KB)

    MIL OSI News –