NewzIntel.com

Category: Banking

  • MIL-OSI Banking: WTO members discuss ways to reinvigorate services negotiations

    Source: World Trade Organization

    Ambassador Abdulhamid said his consultations with delegations and groups of members in April and May showed a “recognition of the growing importance of services in world trade and the need to respond to the call of ministers at MC13 to reinvigorate work in the Special Session.”

    While some members expressed uncertainty on how best to proceed amid current global trade challenges, others put forward specific suggestions, he said. Such suggestions included dedicated discussions on market access achieved  in regional trade agreements (RTAs), on existing levels of market access, and exchanges on sectors and modes of supply of interest to developing economies.  

    Several members also called for an information session to brief new delegates on the special session’s negotiation history.

    At the meeting, members exchanged views on future work in light of the Chair’s report.  The Chair noted that various members expressed support for reinvigoration of work and for some of the suggestions voiced.  He acknowledged that that some members had expressed reservations and said that he would continue consultations to try to bridge these differences. He encouraged members to submit written proposals to lay the groundwork for future discussions.

    “The next step may be (for members) to put those ideas on paper and to try to build an agenda that can reflect the different interests and ideas of the membership, and that is in line with Article XIX (of the GATS),” he concluded.

    More information on services negotiations is available here.

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    MIL OSI Global Banks –

  • MIL-OSI USA: Disaster Recovery Centers in Clark, Lincoln, Mercer, Owen Counties To Close Permanently; Some Centers Close on Sundays

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers in Clark, Lincoln, Mercer, Owen Counties To Close Permanently; Some Centers Close on Sundays

    Disaster Recovery Centers in Clark, Lincoln, Mercer, Owen Counties To Close Permanently; Some Centers Close on Sundays

    FRANKFORT, Ky

    –Disaster Recovery Centers in Clark, Lincoln, Mercer and Owen counties are scheduled to close permanently June 14 at 7 p

    m

    , but help is still available as survivors can go to any open center to get in-personal assistance, and there are other ways to apply

      The centers closing permanently are located at: Clark County: Clark County Emergency Operations Center, 200 Maryland Ave

    , Winchester, KY 40391 Lincoln County: Lincoln County Fire Department Training Center, 309 KY Hwy 590, Stanford, KY 40484 Mercer County: Mercer County Health Department, 900 N

    College St

    , Harrodsburg, KY 40330 Owen County: Three Rivers District Health Department, 60 Old Monterey Road, Owenton, KY 40359 From June12-14, working hours for these centers are 9 a

    m

    to 7 p

    m

    Eastern Time

    Also, 35 centers in Kentucky counties designated for FEMA assistance as the result of the April severe storms, straight-line winds, flooding, landslides and mudslides will be closed on Sundays

       Centers in Laurel, Pulaski and Trigg counties remain open on Sundays

    You can visit any Disaster Recovery Center to get in-person assistance

    No appointment is needed

    To find all other center locations, including those in other states, go to fema

    gov/drc or text “DRC” and a Zip Code to 43362

     Check this DR-4864 DRC locator for specific hours of operation

    Disaster Recovery Centers are one-stop shops where you can get information and advice on available assistance from commonwealth, federal and community organizations

     You can get help to apply for FEMA assistance, learn the status of your FEMA application, understand the letters you get from FEMA and get referrals to agencies that may offer other assistance

     FEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible

    The deadline to apply is July 25

    You don’t have to visit a center to apply for FEMA assistance

    There are other ways to apply: online at DisasterAssistance

    gov, use the FEMA App for mobile devices or call 800-621-3362

    If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service

    When you apply, you will need to provide:A current phone number where you can be contacted

    Your address at the time of the disaster and the address where you are now staying

    Your Social Security Number

    A general list of damage and losses

    Banking information if you choose direct deposit

    If insured, the policy number or the agent and/or the company name

    For more information about Kentucky flooding recovery, visit www

    fema

    gov/disaster/4860 and www

    fema

    gov/disaster/4864

    Follow the FEMA Region 4 X account at x

    com/femaregion4

     
    martyce

    allenjr
    Fri, 06/13/2025 – 12:04

    MIL OSI USA News –

  • MIL-OSI USA: Governor Polis Leads Coalition to Support SNAP for Coloradans, Urges Congress Not to Cut Food Access for Coloradans

    Source: US State of Colorado

    DENVER – Governor Polis led a coalition of organizations committed to food access and security to urge Congress not to cut Coloradans off from critical SNAP support. The coalition urging Congress not to cut food access includes farming, local government, state agencies, and hunger groups: Hunger Free Colorado, Colorado Fruit and Vegetable Growers Association, Colorado Human Services Directors Association, Colorado Counties, Inc., Feeding Colorado, Nourish Colorado, Rocky Mountain Farmers Union, The Colorado Blueprint to End Hunger, Mile High United Way, the Colorado School Nutrition Association, UFCW Local 7, Community Foodshare, Food Bank of the Rockies, Food Bank for Larimer County, Weld Food Bank, Care & Share Food Bank for Southern Colorado, the Colorado Department of Agriculture and the Colorado Department of Human Services. 

    “SNAP is a longstanding lifeline providing basic food assistance for the most vulnerable Americans and supporting our agricultural producers, and the proposals included in H.R. 1 would both erode the fundamental infrastructure of our food safety net and transfer an unanticipated and severe financial burden to states at a time of extreme budgetary constraints,” Governor Polis and the groups wrote. 

    Monthly, approximately 617,000 Coloradans receive at least $120 million in SNAP benefits–enough to provide about 48 meals per person per month. In 2024, almost one million individual Coloradans received SNAP, half of whom were children, ten percent of whom were older Americans, and 15 percent of whom were Americans with disabilities. 

    SNAP injects over $486 million into the economy in wages for over ten thousand Colorado jobs, including farmers, grocers, manufacturers, delivery drivers, and other positions throughout the food supply chain. Over 21,000 Colorado grocery stores use SNAP, and almost $70 million is in turn generated in state tax revenue from enhanced local economic activity. 

    “These initiatives ensure our children have appropriate nutrition to support healthy growth and development, and also support the physical and mental health of our most vulnerable adults. States like Colorado are focused on improving public safety and investments in SNAP also yield public safety dividends, including decreases in theft, rates of relationship violence, and rates of recidivism,” the letter states. 

    “The severe impact of Congressional proposals to fundamentally alter cost-sharing cannot be overstated. The new match requirement and changes contained in H.R. 1 would cost Colorado hundreds of millions of dollars in state funds annually – up to $360 million in the House-passed version and up to $200 million in the currently proposed Senate version – a cost that represents both an abrupt reversal of the federal-state compact and an unmitigated financial burden that would likely require cuts to SNAP, extreme reductions to other critical state-funded initiatives, or likely both,” the group continued. 

    “As Governor Polis noted, these proposed SNAP cuts would be nothing short of devastating for communities across Colorado, especially in rural areas,” shared Joël McClurg, executive director of systems for the Colorado Blueprint to End Hunger. “Shifting benefit costs and further increasing administrative shares would saddle our state with new obligations that rural and poorer counties simply cannot meet. Already operating on shoestring budgets, many of our counties would be forced to choose between absorbing new crushing costs or slashing critical services — and either path disproportionately punishes the very people who need support the most.” 

    “Not only is SNAP a valuable program for our communities, both rural and urban, it also provides a vital market for many of our farmers and ranchers,” said Chad Franke, President of Rocky Mountain Farmers Union. “The family farmers and ranchers we represent know the value of providing local food to local communities. That’s why we are urging Congress to protect the local foods components of SNAP, such as Double Up Food Bucks,” Franke continued. 

    ###

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Chinese Culture Festival 2025 opens today (with photos)

    Source: Hong Kong Government special administrative region

    Chinese Culture Festival 2025 opens today

    The Chinese Culture Festival (CCF) 2025, presented by the Culture, Sports and Tourism Bureau and organised by the Leisure and Cultural Services Department (LCSD), opened today (June 13) at the Hong Kong Cultural Centre (HKCC), launching over 280 events to be held from June to September.

    In a video speech addressing the opening ceremony, the Chief Executive, Mr John Lee, said that the Government will fully leverage Hong Kong’s unique advantages of enjoying the strong support of the motherland and being closely connected to the world under the “one country, two systems” principle to promote outstanding traditional Chinese culture globally and ride on Hong Kong’s international network in telling good stories of China to the world. Mr Lee pointed out that an important strategic direction featured in the Blueprint for Arts and Culture and Creative Industries Development, published by the Government last year, is on the promotion of the profound traditional Chinese culture. He is confident that the Chinese Culture Festival will become an annual signature cultural event in Hong Kong, presenting the rich and vibrant Chinese culture to audiences through innovative approaches. He said that the Government will continue to promote the essence of Chinese culture to citizens of Hong Kong and visitors from overseas and the Mainland, with a view to achieving “shaping tourism with cultural activities and promoting culture through tourism” and fostering the integration and mutual reinforcement of culture and tourism.

    Officiating guests at the opening ceremony included the Secretary for Culture, Sports and Tourism, Miss Rosanna Law; the Secretary General of the Liaison Office of the Central People’s Government (LOCPG) in the Hong Kong Special Administrative Region (HKSAR), Mr Wang Songmiao; the Deputy Director General of the Department of Publicity, Cultural and Sports Affairs of the LOCPG in the HKSAR, Mr Li Shuguang; the Chairperson of the Working Group on Patriotic Education under the Constitution and Basic Law Promotion Steering Committee and Legislative Council Member, Dr Starry Lee; the Chairman of the Legislative Council Panel on Home Affairs, Culture and Sports, Mr Ma Fung-kwok; and the Director of Leisure and Cultural Services, Ms Manda Chan.

    The opening programme of this year’s CCF staged tonight is a contemporary dance performance “Dongpo: Life in Poems”, which is sponsored by the Agricultural Bank of China Limited Hong Kong Branch and performed by the China Oriental Performing Arts Group. Directed by internationally acclaimed choreographer and visual artist Shen Wei, the production is inspired by the poetry and life of Su Dongpo, a literary master in the Song dynasty. It revolves 12 of Su’s poems that epitomise the poet’s life philosophy, while reinterpreting Su’s multifaceted legacy through contemporary dance. The production deeply integrates various fine traditional Chinese culture elements, such as poetry writing, traditional Chinese painting, calligraphy, seal engraving, guqin, Chinese opera and martial arts. By merging “cognitive essence” and “aesthetic realm”, this approach is designed to transcend linguistic barriers, allowing audiences to explore Su’s spiritual world through a contemporary lens. The audience gave rounds of warm applause for the splendid performance by main cast performers Su Peng and Liu Jie, outstanding young dancers from the China Oriental Song and Dance Troupe and the Meishan Song and Dance Theatre, as well as for guqin virtuoso and Professor of the Central Conservatory of Music Zhao Xiaoxia.

    The programme also featured an open rehearsal under the “Chinese Culture for All: A Special Performance Series” this afternoon at the Grand Theatre of the HKCC. Close to 400 primary and secondary school students and teachers as well as members of the community were invited to attend, free of charge. This session enabled them to appreciate the humanistic emotions conveyed in Su’s poetry and embark on an artistic journey where “poetry embodies dance and dance incorporates poetry” in appreciating the beauty of traditional Chinese culture.

    The thematic exhibition on “Dongpo: Life in Poems” is currently being held at the Foyer of the HKCC. Apart from introducing the concept and structure of the production, the exhibition also presents Shen’s research notes and design sketches created during the creative process through photographs. Three paintings by Shen that were displayed on stage during the performance are featured in the exhibition. The exhibition will run until tomorrow (June 14). Admission is free and members of the public are welcome to visit.

    The CCF aims to promote Chinese culture and enhance the public’s national identity and cultural confidence. It also aims to attract top-notch artists and arts groups from the Mainland and other parts of the world for exchanges in Chinese arts and culture. The CCF 2025 is held from June to September. Through different performing arts programmes in various forms and related extension activities, as well as community and school activities and more, the festival provides members of the public and visitors with more opportunities to enjoy distinctive programmes that showcase fine traditional Chinese culture, thereby facilitating patriotic education and contributing to the inheritance, transformation and development of traditional Chinese culture in Hong Kong. For more information about programmes and activities of the CCF 2025, please visit www.ccf.gov.hk.

    Ends/Friday, June 13, 2025
    Issued at HKT 22:20

    MIL OSI Asia Pacific News –

  • MIL-OSI Banking: Türkiye’s renewable power capacity to reach 38.2GW in 2035, forecasts GlobalData

    Source: GlobalData

    Türkiye’s renewable power capacity to reach 38.2GW in 2035, forecasts GlobalData

    Posted in Power

    Türkiye boasts one of the world’s most rapidly expanding energy markets, driven by its robust economic growth. However, the country relies heavily on fossil and electricity imports to meet its domestic power demand. To reduce this dependency, the country is looking to expand is renewable capacity. In October 2024, Türkiye’s Ministry of Energy unveiled its 2035 roadmap for renewable energy. Against this backdrop, the country’s renewable power capacity is forecast to reach 38.2GW in 2035, registering a compound annual growth rate (CAGR) of 17.1% during 2024-35, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Turkey Power Market Outlook to 2035, Update 2025 – Market Trends, Regulations, and Competitive Landscape,” reveals that annual power generation in Türkiye is expected to increase at a CAGR of 8.6% during 2024-35 to reach 213.5TWh.

    Attaurrahman Ojindaram Saibasan, Senior Power Analyst at GlobalData, comments: “Türkiye aims to quadruple its wind and solar capacity, targeting a goal of 120GW by 2035. To achieve this, the country plans to install between 7.5 and 8GW of renewable energy capacity annually, with an investment of $80 billion. The strategy includes the addition of at least 2GW of wind capacity each year through YEKA auctions, which  included 1.2GW of wind and 800MW of solar in the YEKA 2024 auction. Furthermore, the development of 5GW of offshore wind is targeted. These targets are expected to augment renewable power development.”

    Saibasan adds: “Türkiye’s increasing demand for power has been driven by the nation’s expanding GDP and population growth, with projections indicating a continued upward trend. As the primary source of power generation in Türkiye, thermal power—predominantly derived from natural gas, followed by hard coal and lignite—plays a crucial role.”

    However, Türkiye’s domestic fossil fuel resources are limited, necessitating a heavy reliance on imported fuels to satisfy its energy needs, including those for power generation. According to Ministry of Foreign Affairs, Türkiye, approximately 74% of Turkey’s energy requirements are met through imports. The country sources natural gas from Russia, Iran, Azerbaijan, Algeria, and Nigeria, while its crude oil imports primarily come from Iraq, Iran, Russia, Saudi Arabia, Colombia, Kazakhstan, and Nigeria.

    Saibasan concludes: “To overcome the challenge, the country has placed focus on nuclear and renewable power. Within the renewable power segment, solar PV constituted nearly 51.3% of the total renewable power capacity followed by onshore wind, accounting for 32.9% in 2024. The country is looking to add offshore wind into its capacity mix by 2032. In the Offshore Wind Roadmap, Türkiye has established a goal of achieving 5GW of installed capacity for offshore wind power by 2035.”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Retail icon to £1 bargain: Poundland’s sale exposes cracks in value retailer, says GlobalData

    Source: GlobalData

    Retail icon to £1 bargain: Poundland’s sale exposes cracks in value retailer, says GlobalData

    Posted in Retail

    Following the news that Poundland has been sold for £1 to turnaround firm Gordon Brothers with up to 100 stores set for closure;

    Emily Scott, Retail Analyst at GlobalData, a leading data and analytics company, offers her view:

    “Poundland’s sale comes amid mounting losses and declining revenue, as it has faced intense competition and the distraction of the failed introduction of its Pepco clothing and general merchandise range. Poundland’s appeal was rooted in its straightforward approach to value with a single price point. However, in recent years, the retailer has strayed far from this. The introduction of multiple price points has confused customers, while still not enabling shoppers to trade up within its ranges as it lacks the additional choice of mid to premium products. Poundland has lost out as consumers are becoming more discerning, seeking a better balance between quality and value for money, driving them to trade up. The British variety store chain has also faced increasing competition from the grocers, particularly as Tesco has leveraged its Clubcard loyalty scheme to offer customers exclusive discounts and enhanced value.

    “GlobalData estimates that Home Bargains, B&M and The Range’s market shares in the UK discount market have increased by 7.2ppts, 6.2ppts and 1.3ppts, respectively, between 2019 and 2024, while Poundland’s share has fallen 2.3ppts. Poundland’s weak variety of branded goods at low prices has meant it has struggled to keep pace, damaging its brand perception amongst brand- and budget-conscious shoppers.”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Influencers hail Nvidia-Mistral partnership as game-change for European tech, reveals GlobalData

    Source: GlobalData

    Influencers hail Nvidia-Mistral partnership as game-change for European tech, reveals GlobalData

    Posted in Business Fundamentals

    NVIDIA Corp (NVIDIA) has announced a significant partnership with French startup Mistral AI to build “Mistral Compute,” a powerful new AI cloud infrastructure. While influencers have universally praised the scale of the initiative, which will deploy tens of thousands of GPUs, influencers see it as a monumental win for both European AI sovereignty and the US-led open-source movement, reveals the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

    Smitarani Tripathy, Social Media Analyst at GlobalData, comments: “Influencers lauded the partnership for creating an integrated AI stack that will massively increase AI compute capacity. However, a clear divergence emerged in their analysis. Some framed the deal as a game-changer for European tech, emphasizing the creation of a ‘Sovereign AI infrastructure.’ Also, a few others saw it as a ‘massive win for America,’ suggesting that open models running on US chips could become the global template.”

    Below are a few popular influencers opinions captured by GlobalData’s Social Media Analytics Platform:

    1. Ray Wang, Technologist:

    “1) One of the key partnerships announced is between Nvidia and French startup Mistral, which will build an “AI cloud” that will deploy 18,000 Nvidia Grace Blackwell chips. This will allow businesses to develop and use AI through Mistral’s models, Nvidia said. 2) In Germany, Nvidia said it is building what it has dubbed as an “industrial cloud” that will feature 10,000 GPUs and will be specifically designed to provide services for European manufacturers.”

    1. Paul Murphy, Partner at Lightspeed:

    “Our @lightspeedvp  portfolio company @MistralAI ‘s next big move – Mistral Compute 18,000 NVIDIA Grace Blackwell chips, 10x increase in EU AI compute capacity over 2 years. Sovereign AI infrastructure, game changing for European tech! ”

    1. Beth Kindig, Lead Tech Analyst at I/O Fund :

    “Mistral and Nvidia $NVDA are partnering to create Mistral Compute, offering customers a private and integrated AI stack spanning GPUs, orchestration, APIs, products and services, with “tens of thousands” of GPUs available..”

    1. Anjney Midha, General Partner @ a16z:

    “”Today we’re announcing we’re going to build an AI cloud together with @MistralAI”  Jensen @nvidia GTC today unveiling Mistral Compute This is a massive win for America and for open source Open models on US chips wil be the template for AI infrastructure buildouts globally.”

    MIL OSI Global Banks –

  • MIL-OSI Banking: Danone Bebelac ads highlight nutritional innovation, child well-being, and parental trust, reveals GlobalData

    Source: GlobalData

    Danone Bebelac ads highlight nutritional innovation, child well-being, and parental trust, reveals GlobalData

    Posted in Business Fundamentals

    French food giant Danone’s YouTube advertisements of growing-up milk brand Bebelac from December 2024 to May 2025 emphasize key values such as child health, parental involvement, and evidence-based nutrition, appealing to caregivers who seek optimal choices for their children. They aim to foster a sense of community among parents, facilitating the exchange of experiences and insights related to child nutrition and development, reveals Global Ads Platform of GlobalData, a leading data and analytics company.

    Sagar Kishor, Ads Analyst at GlobalData, comments: “Bebelac’s advertising strategy skilfully addresses the concerns of modern parents by prioritizing the essential nutritional needs of their children. The brand’s emphasis on promoting cognitive and social development, along with its engaging and playful approach, establishes Bebelac’s presence in the child nutrition sector. Furthermore, the integration of recognizable characters and interactive promotions enhances the brand’s visibility and resonance with families, creating a stronger bond with consumers.”

    Below are the key focus areas of Bebelac’s advertisements, revealed by GlobalData’s Global Ads Platform:

    Nutritional innovation: Bebelac’s advertising highlights its commitment to child nutritional innovation through unique product formulations, including Bebelac Gold, Soya, and the prebiotics blend fructo-oligosaccharides (FOS) and galacto-oligosaccharides (GOS), which is beneficial for gut health.

    Child well-being and comfort: The baby formula brand’s advertisements focus on ensuring the well-being of children by promoting products such as Bebelac Gold, which supports digestive health and minimizes fussiness. This messaging provides reassurance to parents, allowing them to feel confident that their children can enjoy nutritious options free from added sugars.

    Holistic development: The advertisement “Rahasia Don Hebat” for product “Bebelac 3” emphasizes both cognitive and social skills and illustrates how the formula supports problem-solving abilities and emotional intelligence, reinforcing the idea that nutrition plays a vital role in a child’s overall development.

    Trust and transparency: The advertising strategy emphasizes trust and transparency by showcasing authentic testimonials and clearly disclosing ingredient information. This approach builds credibility with parents, empowering them to make informed decisions about their children’s nutrition while nurturing brand loyalty and confidence.

    Kishor concludes: “By addressing both the rational and emotional needs of caregivers, the brand effectively positions itself as a trusted partner in a child’s growth journey. This dual-pronged approach not only enhances brand equity but also strengthens consumer engagement in a competitive and highly sensitive market segment.”

    MIL OSI Global Banks –

  • MIL-OSI USA: Bay Area Congressional Delegation Statement on CBP Activities at SFO

    Source: United States House of Representatives – Congressman Jared Huffman Representing the 2nd District of California

    June 12, 2025

    Reps. Jared Huffman (CA-02), Kevin Mullin (CA-15), Speaker Emerita Nancy Pelosi (CA-11), Zoe Lofgren (CA-18), Lateefah Simon (CA-12), Mike Thomspon (CA-04), John Garamendi (CA-08), Eric Swalwell (CA-14), Sam Liccardo (CA-16), and Ro Khanna (CA-17), issued the following joint statement in response to Customs and Border Protection inexplicably detaining travelers at San Francisco International Airport (SFO).

    “The Trump Administration’s approach to immigration has been utterly chaotic, inhumane, and disruptive to communities across the nation. Last night’s detainment of two Palestinian travelers who flew into SFO with valid visas is yet another example of Trump’s needlessly cruel actions. These visitors arrived here at the invitation of Bay Area interfaith community leaders. They traveled all the way from the West Bank to share their stories and work toward peace.  

    We call upon Customs and Border Protection to immediately respond to Congressional inquiries and provide the justification behind these individuals’ continued detainment and threatened deportation scheduled for later this afternoon. By inexplicably revoking visas, Trump’s CBP is discrediting America’s reputation abroad and breeding further distrust of our immigration system.”

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    Previous Article

    MIL OSI USA News –

  • MIL-OSI: Trusted Crypto Casinos Are Taking Over Online Gambling in 2025: Exclusive Report By Radcred

    Source: GlobeNewswire (MIL-OSI)

    Glendale, CA, June 13, 2025 (GLOBE NEWSWIRE) — Independent Research Report Shows Why Licence-Backed, Instant-Pay Blockchain Sites Outpace Legacy Casinos

     Trust, not gimmicks, now decides where U.S. players place their crypto chips. Radcred’s Crypto-Casino Research Report scrutinized more than 200 digital-currency gambling sites, stress-testing everything from licensing to ledger speed. The audit confirms that total bet volume doubled to $26 billion in Q1 2025, while payout disputes fell by 38 per cent at operators meeting tier-one compliance and provably fair standards. 

    Only a few platforms earned Radcred’s coveted Gold Trust accreditation; dozens were rejected for opaque bonus rules, slow withdrawals, or missing security protocols.Together, these findings outline the benchmarks that separate the best crypto casinos 2025 from the rest of the market.

    How Crypto Casinos Are Revolutionising Online Gambling

    The digital gambling scenario is undergoing a seismic shift as blockchain technology fundamentally transforms the way players interact with online casinos. Unlike traditional platforms that rely on centralized systems and legacy banking infrastructure, crypto casinos are redefining transparency, speed, and global accessibility by utilizing distributed ledger technology.

    Immutable Gaming Records 
    Every bet, game outcome, and payout is permanently recorded on-chain, creating an unalterable audit trail that players can independently verify. This eliminates the opacity of traditional casinos that store critical game data in private, centralized databases.

    Provably Fair Gaming 
    Cryptographic algorithms enable players to validate results in real time—crucial for anyone seeking provably fair crypto games.. This revolutionary approach allows independent verification of outcomes, removing the need to trust casino operators blindly.

    Instant Settlement Times 

    Withdrawals typically clear within 5-15 minutes; the fastest test result came from an instant-withdrawal Bitcoin casino at just 4.9 minutes, compared to traditional casinos that may take days for international transfers. This speed advantage is particularly pronounced for weekend transactions when traditional banking systems are often offline.

    Elimination of Payment Processors 
    Direct peer-to-peer transfers remove the need for third-party payment processors and their associated fees and delays. This streamlined approach reduces transaction costs while dramatically improving processing speeds.

    24/7 Global Accessibility 
    Blockchain networks operate continuously, allowing players worldwide to access gambling services regardless of local banking hours or weekend restrictions. This constant availability particularly benefits international players who previously faced significant barriers with traditional payment methods.

    Detailed Casino findings are available in Radcred’s full 2025 report.

    Game Selection at the Top Crypto Casinos

    Leading sites now bundle 5,000+ RNG titles, live-dealer studios, crash games, and on-chain originals providing the variety legacy brands need years to match. BitStarz alone adds 200 new releases monthly, while Jackbit’s slot lobby covers every volatility tier from low-risk warm-ups to fast-paying crypto casino jackpot chasers.

    1) Slots
    Crypto sites host thousands of slot titles, from three-reel classics to video machines loaded with Megaways, cascading reels, and progressive jackpots. Fan favourites such as Sweet Bonanza and Book of Dead sit alongside exclusive Bitcoin-themed slots, most posting return-to-player rates near 95-97 %. Spin wagers typically start at $0.10, yet pooled jackpots can climb into six figures.

    2) Table Games
    Core staples include blackjack, roulette, baccarat, and multiple poker variants. European roulette carries the lower house edge (2.7 %) versus its double-zero American cousin, while crypto blackjack often supports perfect-strategy RTPs above 99 %. Minimum bets hover around $1, but VIP tables raise limits well past $5,000.

    3) Live Dealer Tables
    Live studios stream in 4K from providers such as Evolution and Pragmatic Play, pairing professional croupiers with real-time chat. Options span live blackjack, speed roulette, Andar Bahar, and game-show formats like Crazy Time or Monopoly Live. Entry stakes can be as low as $0.20.

    4) Provably Fair Originals
    Blockchain titles—Crash, Dice, Mines, and Plinko—let players verify every result through on-chain hashes. The transparency appeals to trust-minded users, while lightning-fast rounds give the genre an arcade feel. Typical wagers range from a few cents to several hundred dollars.

    5) Specialty Games
    Light-hearted picks such as keno, bingo, scratch cards, and virtual sports round out the lobby. Tickets often cost under $1, deliver instant outcomes, and require no complex rules—ideal for a quick session between bigger bets.

    6) Sports & eSports Betting
    Many crypto platforms include full sportsbooks covering NFL, NBA, soccer, UFC, and eSports titles like CS:GO and League of Legends. Odds are priced in BTC or USDT, and same-wallet payouts hit accounts within minutes after matches settle.

    7) Poker Rooms & Tournaments
    Dedicated poker lobbies run cash tables, sit-and-go’s, and multi-table events with buy-ins from $1 to $10,000. Players join anonymously and withdraw chips directly to their wallets once play ends.

    8) Crash & Multiplier Games
    Titles such as Aviator, Bustabit, and JetX let users cash out before a rising line “crashes.” RTPs hover above 99 %, and rounds last under ten seconds, popular with bankroll builders seeking quick swings.

    9) Lottery & Jackpot Draws
    Daily crypto lotteries and hourly jackpot wheels sell tickets for a few satoshis. Prize pools grow block-by-block, draws are blockchain-verifiable, and winnings pay out instantly to the player’s wallet.

    List of Top Games Reviewed by Radcred Experts

    Legal Landscape of Crypto Casinos (U.S. & Global)

    While no federal statute outlaws crypto wagering, state-by-state rules vary. Offshore platforms licensed in Curaçao, Malta, or the Isle of Man can legally accept American traffic, yet players should verify state restrictions before depositing. Europe is moving toward unified licence classes, and Asia-Pacific regulators are drafting sandbox frameworks to balance innovation and consumer protection.

    How Players Use Crypto Casinos

    • Bankroll building: Players grind low-stake slots to clear bonuses, then switch to provably fair       dice for high-volatility bursts.
     
    • Anonymity seekers: Privacy-minded users favour no-KYC crypto casino accounts tied to self-custody wallets.

    • High rollers: VIPs capitalise on daily cashback ladders and wager-back rebates that would be impossible under fiat-card fees.

    Bonuses and Promotions at Crypto Casinos

    Welcome packages have exploded—some platforms tout 500 % matches worth $10,000 plus 500 free spins. Radcred’s audit focuses on rollover fairness: any deal above 40×, with max-win caps mirroring deposit size, is flagged. Ongoing perks—reload boosts, rakeback, and loyalty NFTs now rival sign-up deals for overall value.

    Welcome Bonuses
    First deposits routinely trigger 100 %–325 % matches, often capped at 5 BTC (or 50,000 USDT) and bundled with 50–250 free spins. Wagering is usually 20×–40× on the bonus—or occasionally on “deposit + bonus,” so reading the terms is non-negotiable.

    No-Deposit Bonuses
    A handful of trusted crypto casinos drop tiny crypto credits (0.0002–0.001 BTC) or 10–50 free spins just for signing up. Great for testing the lobby, but expect steeper rollover—typically 40×–60×—and modest cash-out caps around 0.005 BTC.

    Reload Bonuses
    Weekly or VIP reloads add 25 %–100 % to subsequent top-ups, usually worth $50–$300 in coin value. Wagering mirrors welcome offers (20×–40×), though elite tiers may see requirements cut in half.

    Cashback Deals
    Loss rebates of 5 %–20 % appear daily or weekly. The better platforms credit these funds wager-free; others attach a light 10×–20× roll-through before withdrawals unlock.

    Free Spins
    Blocks of 10–200 spins (valued at $0.10–$0.50 each) accompany welcome, reload, or new-game promos. Spin winnings usually face 20×–45× wagering and may top out at roughly $100 in withdrawable value.

    Loyalty & VIP Programs
    Long-term play earns points that escalate through bronze-to-diamond tiers. Perks scale from birthday spins to 40 % rakeback, higher withdrawal ceilings, physical gifts, and 24/7 concierge hosts often with no extra wagering attached, though unused bonus chips expire after 30–90 days.

    Full bonus data appears in the 2025 Radcred report

    Crypto-Gambling Trends to Watch in 2025

    Crypto-gambling is evolving fast, blending blockchain innovation with high-stakes entertainment. From Bitcoin betting platforms to NFT-based rewards, U.S. players are seeing more secure, fast, and anonymous ways to play. Here’s a look at the biggest trends shaping the future of online crypto casinos this year.

    AI-Powered Personalization

    Advanced artificial intelligence algorithms are revolutionizing player experiences by analyzing behavior patterns, game preferences, and betting habits to deliver tailored recommendations and dynamic bonuses. These systems enhance engagement while providing early warnings for problematic gambling behaviors.

    Instant Withdrawals and Lightning Transactions

    Crypto casinos are prioritizing sub-10-minute withdrawal speeds, with a few platforms processing Bitcoin withdrawals in under 12 minutes. This trend addresses traditional banking delays and attracts players seeking immediate access to winnings.

    NFT Integration and Tokenized Rewards

    Non-fungible tokens are being incorporated as in-game rewards, collectibles, and play-to-earn mechanisms. This creates new revenue streams and adds digital ownership elements to traditional gambling experiences.

    Decentralized Casinos and Web3 Adoption

    Blockchain-powered platforms are eliminating centralized control through smart contracts, offering provably fair games and transparent operations. These decentralized systems provide enhanced player autonomy and reduced operational costs.

    Mobile-First Crypto Gaming

    With over 59% of gaming activity occurring on mobile devices, operators are prioritizing mobile-optimized crypto gambling experiences. This includes seamless crypto wallet integration and touch-friendly interfaces designed for smartphones.

    Why Crypto Casinos Are the Top Choice of Players

    The digital gambling revolution has positioned crypto casinos as the preferred destination for modern players worldwide. With a market that has surged to $250 million and witnessed an 83.6% increase in crypto bets in 2024, these platforms are redefining player expectations through superior technology, enhanced privacy, and unprecedented convenience.

    Identity Protection

    Wallet addresses replace names and card numbers, so breaches or charge-back fraud can’t touch you. End-to-end encryption keeps every spin or hand tied only to a hash—not your personal details.

    No KYC Hassles

    Most leading sites skip document uploads entirely. You register with an email, set a wallet, and play in under a minute—eliminating the data-sharing risk many mainstream gamblers now avoid.

    Instant Deposits & Withdrawals

    On-chain transfers settle in 5-15 minutes; benchmark brand CoinCasino routinely clocks Bitcoin cash-outs below 15. Weekends or bank holidays no longer freeze bankrolls.

    Minimal Fees

    With processors removed, network costs often fall below $1, and some operators cover them. That translates to more spins, bets, or hands from the same budget.

    Provably Fair Games

    Roughly 77 percent of crypto casinos publish hashed server/client seeds. Anyone can verify randomness after every round, reinforcing trust without third-party auditors.

    Super-Charged Bonuses

    Welcome deals reach 500 percent plus hundreds of free spins. Reloads, daily rakeback, and loyalty NFTs push total promo value far past what fiat sites offer.

    VIP Treatment

    Tiered programs award up to 40 percent cashback, higher withdrawal caps, dedicated hosts, and even luxury trips for high rollers—perks unlocked through transparent point systems, not opaque invitations.

    How Crypto Casinos Are Evaluated

    Evaluating crypto casinos means looking beyond flashy bonuses. U.S. players prioritize secure blockchain payments, fair game mechanics, fast withdrawals, and strong user reputations. With more platforms entering the space, understanding how these casinos are evaluated helps players find trustworthy and rewarding experiences in the growing world of crypto gambling.

    • Licence & Jurisdiction Verification –  Analysts cross-reference licence numbers with regulators in Malta, Curaçao, and the Isle of Man, checking disciplinary dockets for unresolved complaints. Sites without a publicly searchable certificate or those linked to dormant holding companies are excluded immediately, preventing unsafe operators from reaching readers.
    • Provably Fair Confirmation –  Every in-house slot, roulette wheel, or dice game is hashed against its server seed, client seed, and nonce. Radcred reruns thousands of rounds to ensure the outcome history matches blockchain-published randomness proofs, hard evidence that no hidden code tilts results.
    • On-Chain Transaction Speed Audit – Deposits and withdrawals are executed every six hours for a week. Analysts log confirmation counts, network fees, and manual-review delays. Platforms clearing cash-out requests in under ten minutes on at least 95 percent of attempts score the highest.
    • Security & Privacy Controls – Evaluation covers mandatory two-factor authentication, SSL/TLS strength, DDoS mitigation, and cold wallet segregation. Zero-knowledge KYC methods, where available, receive bonus credit for minimizing identity exposure while still complying with anti-money laundering regulations.
    • Bonus-Term Transparency –  Fine print is dissected for wagering multipliers, game exclusions, and maximum-win caps. Operators hiding key conditions below the fold, or inflating advertised bonus value through unrealistic rollover hurdles, are penalised.

    Visit Casino Sites Researched by Radcred’s Experts

    Why Radcred Is Your Trustworthy Crypto-Casino Radar?

    The modern crypto-gambling scenario demands reliable guidance through countless platforms and endless promotional claims. Radcred emerges as your definitive compass, cutting through industry noise to deliver transparent, merit-based casino evaluations that prioritize player protection over profit margins.

    Comprehensive Platform Testing 

    Radcred’s team conducts rigorous 7-day real-money testing sessions across multiple crypto casinos, evaluating everything from deposit speeds to withdrawal reliability during peak and off-peak hours. This hands-on approach ensures authentic insights rather than surface-level promotional content that plagues many review sites.

    Transparent Scoring Methodology 

    Unlike biased platforms that accept upfront payments from casinos, Radcred maintains editorial independence by utilizing merit-based evaluation criteria, including licensing verification, payout speeds, and responsiveness to customer service. Their 4.3-star average rating system reflects genuine user experiences rather than inflated promotional scores.

    Security-First Assessment 

    Every reviewed platform undergoes thorough security audits, examining SSL encryption standards, regulatory compliance, and data protection measures to ensure player safety. Radcred’s commitment to 256-bit encryption standards and fraud prevention education demonstrates their dedication to consumer protection over affiliate commissions.

    Real-Time Market Intelligence 

    The platform continuously monitors crypto casino developments, tracking regulatory changes, bonus structure modifications, and industry trends to provide up-to-date recommendations. This dynamic approach ensures players receive current, actionable information rather than outdated reviews that could lead to poor platform choices.

    Community-Verified Feedback  

    Radcred integrates verified player testimonials and community-driven insights, creating a comprehensive feedback ecosystem that highlights both positive experiences and potential red flags across different crypto gambling platforms.

     SEE HOW RADCRED SCORES YOUR FAVORITE CASINO SITE

    Safe Crypto Casino Actionable Tips

    Even with professional rankings, personal due diligence remains vital. Use the following four rules as a pre-deposit checklist.

    • Verify Licence Details in Regulator Databases –  If a licence number fails to populate official records or the corporate entity name differs from the site’s footer, treat it as a red flag.
    • Stress-Test Customer Support – Send a basic payout question before making a deposit. A sub-five-minute human response often predicts smoother conflict resolution later.
    • Scrutinise Bonus T&Cs –  Rollover above 40×, limited game eligibility, or maximum win caps that equal the deposit can erode perceived generosity.
    • Enable Two-Factor Authentication Immediately –  Phishing remains rampant. Hardware-key or app-based 2FA blocks account takeovers that simple passwords cannot.

    Conclusion

    Trust-centric design, verifiable randomness, and license-backed operations are pushing crypto casinos from fringe curiosity to mainstream entertainment. Radcred’s 2025 research report shows that when transparency meets speed, players follow. Relying on independent audits, free safety tools, and clear regulatory guidance, U.S. gamblers can enjoy blockchain wagering without unnecessary risk or confusion.

    FAQs

    Are crypto casinos legit?
    Crypto casinos operate in a legal gray area in the U.S., with legitimacy varying by state. Platforms licensed by authorities such as Curaçao or Malta are generally considered safe. However, U.S. federal laws create uncertainty, so always verify a casino’s license and check your state’s online gambling regulations before playing.

    Is it possible to win big at a crypto casino?
    Big wins are absolutely possible; some players have won millions of dollars. Games with high RTPs and smart bankroll strategies can improve odds. However, gambling is risky by nature, and winning isn’t guaranteed. Play responsibly and never wager more than you can afford to lose.

    How to find the best crypto casino online?
    Look for licensed platforms offering secure logins, fast payouts, and thousands of games. Check for fair bonus terms and crypto support. User reviews on sites like Trustpilot and Reddit can offer honest feedback. Reputable names like JACKBIT, BitStarz, and 7Bit are strong, proven options.

    How to verify the trustworthiness of cryptocurrency casinos?
    Verify proper licensing and conduct third-party audits by reputable bodies, such as iTech Labs or eCOGRA. Trustworthy sites use SSL encryption, offer provably fair games, and have responsive customer support. Always read genuine player reviews and be cautious of platforms with unclear terms, fake reviews, or delayed payouts.

    Disclaimer

    This material is for informational purposes only and does not constitute gambling advice or an invitation to wager. Online gaming may be illegal in some jurisdictions and involves financial risk. Always verify local laws, set personal limits, and seek help via the National Council on Problem Gambling helpline at 1-800-522-4700.

    The MIL Network –

  • MIL-OSI USA: Tomorrow Is Officially “Vets Get Outside Day” After Senators King, Cassidy Resolution Passes Senate Unanimously

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — The U.S. Senate unanimously passed a bipartisan resolution introduced by U.S. Senators Angus King (I-ME) and Bill Cassidy (R-LA), both members of the Senate Veterans Affairs Committee (SVAC), marking Saturday, June 14th as “Veterans Get Outside Day.” The resolution encourages veterans, especially those struggling with mental health challenges, to spend time in the great outdoors. Veterans have free lifetime access to National Parks and Maine State Parks.
    “From beach walks on the rocky coast to a challenging hike in the woods, Maine’s extraordinary outdoor spaces can bring moments of calm during the most difficult times,” said Senator King. “I hope that ‘Vets Get Outside Day’ will encourage Maine veterans to find a relaxing outdoor space that helps them process their daily stressors. It’s a simple way to promote two of Maine’s greatest treasures — the great outdoors and our brave veterans.”
    “Resuming civilian life can be isolating,” said Senator Cassidy. “When veterans stay active and connected with their community, their mental health and quality of life improve. That is what today is all about.”
    The resolution calls on veterans battling post-traumatic stress disorder (PTSD), traumatic brain injury, depression, anxiety, or other mental health challenges to walk, run, hike, bike ride, or simply spend time outside on June 14th, 2025, as part of an effort improve mental health Over 460,000 veterans were diagnosed with traumatic brain injuries between 2020 and 2024, and there were 6,407 veteran suicide deaths in 2022. Studies have shown that spending time outdoors in nature can have positive impact on an individual’s mental health and lessen feelings of isolation.
    Veterans can dial 9-8-8 and then press 1 to be connected with the Veterans Suicide and Crisis Lifeline available 24-hours a day.
    Representing one of the states with the highest rates of military families and veterans per capita, Senator King is a staunch advocate for America’s servicemembers and veterans. A member of the Senate Veterans’ Affairs Committee (SVAC), he works to ensure American veterans receive their earned benefits and that the VA is properly implementing various programs such as the PACT Act, the State Veterans Homes Domiciliary Care Flexibility Act, and the John Scott Hannon Act. Recently, Senator King introduced bipartisan legislation to help reduce suicides among veterans by providing free secure firearm storage to veterans. In addition, he helped pass the Veterans COLA Act, which increased benefits for 30,000 Maine veterans and their families.
    Senator King has also introduced bipartisan legislation to improve care coordination for veterans who rely on both VA health care and Medicare. Earlier this year, he cosponsored the bipartisan Major Richard Star Act that would provide more combat-injured veterans with their full earned benefits. He also joined Senator Jerry Moran (R-KS), Chairman of the Veterans’ Affairs Committee, in introducing bipartisan legislation to permanently authorize a program that would expand access to veteran disability claims exams. Recently, Senator King teamed up with Senator Jim Banks (R-IN) to introduce a bipartisan bill that would make the veterans’ benefit claims process more streamlined and fair. Earlier this year, Senator King was honored by the Disabled American Veterans as its 2025 Legislator of the Year. Last year, he was recognized by the Wounded Warrior Project as the 2024 Legislator of the Year for his “outstanding legislative effort and achievement to improve the lives of the wounded, ill, and injured veterans.” 

    MIL OSI USA News –

  • MIL-OSI: SSCP Lager BidCo AB (publ) successfully issues subsequent notes of SEK 200 million

    Source: GlobeNewswire (MIL-OSI)

    SSCP Lager BidCo AB (publ) (“Logent” or the “Company”) has successfully issued subsequent senior secured floating rate notes in an amount of SEK 200,000,000 under the terms and conditions of the Company’s outstanding notes loan 2023/2026 with ISIN SE0021021193 (the “Subsequent Notes”). The order book was significantly oversubscribed, and the Subsequent Notes were issued to 102 per cent. of nominal amount.

    The Subsequent Notes carry a floating interest rate of 3m Stibor + 625 basis points and will mature in December 2026. Logent intends to apply for admission to trading of the Subsequent Notes on the corporate bond list of Nasdaq Stockholm.

    The net proceeds from the issuance of the Subsequent Notes will be applied towards consummation of the acquisition of the Finnish entity HUB logistics Finland Oy, financing transaction costs and general corporate purposes. Following the issuance of the Subsequent Notes, the aggregate outstanding nominal amount under the notes loan is SEK 1,050 million.

    The Company has mandated Nordea Bank Abp and Pareto Securities AS as Joint Bookrunners in connection with the issuance of the Subsequent Notes. Snellman Advokatbyrå AB has acted as legal advisor to the Company and Gernandt & Danielsson Advokatbyrå KB has acted as legal advisor to the Joint Bookrunners.

    For further information, please contact:

    Joel Engström, CEO, telephone number: +46 734 36 36 29, joel.engstrom@logent.se

    About Logent Group
    Logent is an independent logistics partner, with a Nordic base present in Northern Europe and global networks. We have a wide range of services and create value for our customers through guaranteed cost and quality improvements. Our service offer include Logistics Services such as Warehouse design and operations, Transport Management and Customs, Port and Terminal operations, Staffing Services and Consulting Services. This means that Logent has grown to a turnover of about SEK 2.4 billion from the start in 2006 and employs approximately 2,800 people in Northern Europe.

    Attachment

    The MIL Network –

  • MIL-OSI: The Government of Barbados Announces an Offer to Purchase for Cash its 6.500% Notes due 2029

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

    BRIDGETOWN, Barbados, June 13, 2025 (GLOBE NEWSWIRE) — The Government of Barbados (the “Offeror”) announces that it has today launched an offer (the “Offer”) to holders (the “Noteholders”) of any and all of its outstanding U.S.$407,642,670 6.500% Notes due 2029 (the “Notes”) to purchase any and all of such Notes for cash on the terms and subject to the satisfaction of the New Financing Condition (as defined below) and the other conditions set forth in the tender offer memorandum dated 13 June 2025 (the “Tender Offer Memorandum”).

    Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.

    All documentation relating to the Offer including the Tender Offer Memorandum and any amendments or supplements thereto will be available to Noteholders via the website for the Offer accessible at: www.dfking.com/barbados. The Offer is subject to offer and distribution restrictions in, among other countries, the United Kingdom, Italy, Belgium and France, as described below.

    Summary of the Offer

    Description of Notes Outstanding Principal
    Amount as of the Date
    Hereof and subject to the Offer    		 ISINs / CUSIP No. Purchase Price(1)
    6.500% Notes due 2029 U.S.$407,642,670 Rule 144A Notes:
    US067070AH54 / 067070 AH5

    Regulation S Notes:
    USP48864AQ80 / P48864 AQ8

    		 U.S.$1,000

     

    (1) Offered as Purchase Price per each U.S.$1,000 principal amount of Notes validly tendered at or prior to the Expiration Deadline (as defined below) and accepted for purchase. The Purchase Price does not include Accrued Interest (as defined below). On 26 June 2025 (subject to the right of the Offeror, at its sole discretion, to extend, re-open, amend and/or terminate the Offer) (the “Settlement Date”), Noteholders will also receive Accrued Interest on all Notes validly tendered and accepted for purchase.
       

    Rationale for the Offer

    The Offeror is making the Offer (subject to the New Financing Condition (as defined below)) in connection with the Offeror’s broader debt management strategy to refinance short-dated debt with longer-dated debt.

    All Notes purchased by the Offeror pursuant to the Offer will be cancelled and will not be re-issued or re-sold.

    Tender Offer Consideration

    The Offeror will, on the Settlement Date, pay for the Notes validly tendered and not validly withdrawn at or before the Expiration Deadline pursuant to the Offer and accepted for purchase pursuant to the Offer a cash amount (rounded to the nearest U.S.$0.01) equal to the sum of (i) the Purchase Price for such Notes, as set forth in the table above; and (ii) interest accrued and unpaid on the Notes from (and including) the interest payment date for such Notes immediately preceding the Settlement Date to (but excluding) the Settlement Date in respect of such Notes (the “Accrued Interest” and the payment thereof, the “Accrued Interest Payment”).

    The Offeror will calculate any Accrued Interest with respect to the Notes accepted for purchase in accordance with the terms and conditions of the Notes, and the calculation will be final and binding on all Noteholders whose Notes were accepted for purchase, absent manifest error.

    The Offeror reserves the right, in its sole and absolute discretion, to modify in any manner and at any time any of the terms and conditions of the Offer.

    New Financing Condition

    Whether the Offeror will accept for purchase any Notes validly tendered in the Offer is subject to (unless such condition is waived by the Offeror in its sole and absolute discretion), among other things, the prior closing of the issuance by the Offeror of one or more series of debt securities (the “New Notes”) in the international capital markets (the “New Notes Offering”) in an aggregate principal amount, and at a price and on terms and conditions acceptable to the Offeror in its sole and absolute discretion, a portion of the net proceeds of which will be used by the Offeror to purchase any Notes tendered and accepted pursuant to the Offer (the “New Financing Condition”).

    The New Notes Offering will be made solely by means of an offering memorandum relating to the New Notes Offering (the “New Notes Offering Memorandum”), and this announcement and the Tender Offer Memorandum do not constitute an offer to sell or the solicitation of an offer to buy the New Notes. You may not participate in the New Notes Offering unless you have received and reviewed the New Notes Offering Memorandum, and not in reliance on, or on the basis of, this announcement or the Tender Offer Memorandum. The New Notes will be offered only to qualified institutional buyers in the United States in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act, and will not be registered under the Securities Act or the securities laws of any other jurisdiction.

    Even if the New Financing Condition is satisfied, the Offeror is not under any obligation to accept for purchase any Notes tendered pursuant to the Offer.

    In order to be valid, Tender Instructions must be submitted in respect of a minimum nominal amount of U.S.$100 and in integral multiples of U.S.$100 in excess thereof (the “Minimum Denomination”). Noteholders who do not tender all of their Notes must ensure that they retain a principal amount of Notes amounting to at least the Minimum Denomination.

    Expected Timetable of Events

    The times and dates below are indicative only.

    Date Events
    13 June 2025 Commencement of the Offer

    Offer announced. Tender Offer Memorandum available from the Information and Tender Agent.
       
    20 June 2025, 5 p.m. (New York Time) Expiration Deadline

    Deadline for receipt by the Information and Tender Agent of all Tender Instructions in order for Noteholders to be able to participate in the Offer and to be eligible to receive the Purchase Price and Accrued Interest Payment on the Settlement Date.
       
    As soon as reasonably practicable on or after the Expiration Deadline and expected to be 23 June 2025 Announcement of Results

    Offeror’s announcement of the amount of Notes validly tendered pursuant to the Offer.
       
    Promptly after the New Financing Condition has been met or waived Announcement of Notes accepted for purchase

    The Offeror will announce, promptly after the New Financing Condition has been met or waived, (i) the aggregate principal amount of Notes validly tendered that will be accepted for purchase, and (ii) the aggregate principal amount of Notes remaining outstanding following the completion of the Offer. See “Terms and Conditions of the Offer –Announcements” in the Tender Offer Memorandum.
       
    26 June 2025 (but subject to change without notice) Settlement

    Expected Settlement Date for the Offer. Payment of Purchase Price and Accrued Interest Payment in respect of the Offer. All Notes purchased pursuant to the Offer will be cancelled on the Settlement Date and will no longer be outstanding.
       

    The above times and dates are subject to the right of the Offeror to extend, re-open, amend, waive any condition of and/or terminate the Offer at any time (subject to applicable law and as provided in the Tender Offer Memorandum). Noteholders are advised to check with any bank, securities broker or other intermediary through which they hold Notes when such intermediary would need to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or (in the limited circumstances in which revocation is permitted) revoke their instruction to participate in, the Offer before the deadlines specified in the Tender Offer Memorandum. The deadlines set by any such intermediary and each Clearing System for the submission of Tender Instructions will be earlier than the relevant deadlines specified above. See “Procedures for Participating in the Offer” in the Tender Offer Memorandum.

    Announcements

    Unless stated otherwise, announcements in connection with the Offer will be by the issue of a press release through the Luxembourg Stock Exchange and by the delivery of notices to the relevant Clearing Systems for communication to Direct Participants. Such announcements may also be made by the issue of a press release to a Notifying News Service. Copies of all such announcements, press releases and notices and will be available on the Offer Website or alternatively they can also be obtained upon request from the Information and Tender Agent, the contact details for which are below. Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Information and Tender Agent for the relevant announcements during the course of the Offer. In addition, Noteholders may contact the Dealer Managers for information using the contact details below.

    Tender Instructions

    In order to participate in and be eligible to receive the relevant Purchase Price and any Accrued Interest Payment pursuant to the Offer, Noteholders must validly tender their Notes by delivering, or arranging to have delivered on their behalf, a valid Tender Instruction in respect of the Offer that is received by the Information and Tender Agent by 5.00 p.m. New York City time on 20 June 2025 (the “Expiration Deadline”).

    Tender Instructions will be irrevocable except in the limited circumstances described in the Tender Offer Memorandum.

    Noteholders are advised to check with any bank, securities broker or other intermediary through which they hold Notes when such intermediary would need to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or (in the limited circumstances in which revocation is permitted) revoke their instruction to participate in, the Offer by the deadlines specified in the Tender Offer Memorandum. The deadlines set by any such intermediary and each Clearing System for the submission of Tender Instructions will be earlier than the relevant deadlines specified in the Tender Offer Memorandum.

    Tender Instructions must be submitted in respect of a nominal amount of Notes equal to or greater than the Minimum Denomination.

    A separate Tender Instruction must be completed on behalf of each beneficial owner.

    Disclaimer

    This announcement does not contain the full terms and conditions of the Offer. The terms and conditions of the Offer are contained in the Tender Offer Memorandum, and are subject to the Offer and distribution restrictions set out below and more fully described therein.

    Further information

    J.P. Morgan Securities LLC and Standard Chartered Bank have been appointed by the Offeror to serve as dealer managers (the “Dealer Managers”) for the Offer. D.F. King (the “Information and Tender Agent”) has been appointed by the Offeror to act as the information and tender agent in connection with the Offer.

    For additional information regarding the terms of the Offer, please contact J.P. Morgan Securities LLC by telephone at (866) 846-2874; Collect: (212) 834-7279 and Standard Chartered Bank by telephone at (212) 667-0351 (U.S.) or +44 20 7885 5739 (U.K.) and by email at liability_management@sc.com.

    Requests for documents and questions regarding the tender of Notes may be directed to the Information and Tender Agent D.F. King & Co., Inc. via:

    Banks & Brokers Call: (212) 269-5550

    Toll free: (866) 342-4881

    Email: barbados@dfking.com

    The Tender Offer Memorandum is expected to be distributed to Noteholders beginning today. A copy of the Tender Offer Memorandum is available on the tender offer website accessible at www.dfking.com/barbados.

    No Recommendation

    The relevant Purchase Price, if paid by the Offeror with respect to the Notes of any series accepted for purchase, will not necessarily reflect the actual value of such Notes. Noteholders should independently analyse the value of the Notes and make an independent assessment of the terms of the Offer. None of the Offeror, the Dealer Managers or the Information and Tender Agent has or will express any opinion as to whether the terms of the Offer are fair. None of the Offeror, the Dealer Managers or the Information and Tender Agent makes any recommendation that Noteholders should submit an offer to sell or tender Notes or refrain from doing so pursuant to the Offer, and no one has been authorised by any of them to make any such recommendation.

    Offer and Distribution Restrictions

    Neither this announcement nor the Tender Offer Memorandum constitutes an offer to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such offer or for there to be such participation under applicable securities laws. The distribution of the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession the Tender Offer Memorandum comes are required by the Offeror, the Dealer Managers and the Information and Tender Agent to inform themselves about, and to observe, any such restrictions

    Nothing in this announcement or the Tender Offer Memorandum or the electronic transmission thereof constitutes an offer to sell or the solicitation of an offer to buy the New Notes in the United States or any other jurisdiction.

    In addition, each Noteholder participating in an Offer will also be deemed to give certain representations in respect of the other jurisdictions referred to above and generally as set out in “Procedures for Participating in the Offer” of the Tender Offer Memorandum. Any tender of Notes for purchase pursuant to an Offer from a Noteholder that is unable to make these representations will not be accepted. Each of the Offeror, the Dealer Managers and the Information and Tender Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of Notes for purchase pursuant to an Offer, whether any such representation given by a Noteholder is correct and, if such investigation is undertaken and as a result the Offeror determines (for any reason) that such representation is not correct, such tender shall not be accepted. The acceptance of any tender shall not be deemed to be a representation or a warranty by any of the Offeror, the Dealer Manager or the Information and Tender Agent or any of their respective directors, officers, employees, agents or affiliates that it has undertaken any such investigation and/or that any such representation to any person underwriting any such Notes is correct.

    United Kingdom

    The communication of the Tender Offer Memorandum and any other documents or materials relating to the Offer are not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (1) those persons who are existing creditors of the Offeror within Article 43(2) of the FSMA (Financial Promotion) Order 2005, as amended, and (2) to any other persons to whom these documents and/or materials may lawfully be communicated.

    Belgium

    Neither the Tender Offer Memorandum nor any other documents or materials relating to the Offer have been, or will be, submitted to or notified to, or approved by, the Belgian Financial Services and Markets Authority (Autorité des services et marchés financiers/Autoriteit voor Financiële Diensten en Markten) and, accordingly, the Offer may not be made in Belgium by way of a public offering, as defined in Article 3 of the Belgian Law of 1 April 2007 on takeover bids (loi relative aux offres publiques d’acquisition/wet op de openbare overnamebiedingen), as amended or replaced from time to time.

    Accordingly, the Offer may not be, and are not being advertised, and the Tender Offer Memorandum, as well as any brochure, or any other material or document relating thereto (including any memorandum, information circular, brochure or any similar document) may not, have not and will not be distributed, directly or indirectly, to any person located and/or resident within Belgium, other than those who qualify as qualified investors (investisseurs qualifiés/qekwalificeerde beleggers), within the meaning of Article 2, e), of the Prospectus Regulation acting on their own account. Accordingly, the information contained in the Tender Offer Memorandum or in any brochure or any other document or material relating thereto may not be used for any other purpose, including for any offering in Belgium, except as may otherwise be permitted by law, and shall not be disclosed or distributed to any other person in Belgium.

    France

    The Tender Offer Memorandum and any other documents or materials relating to the Offer are only addressed to and are only directed at qualified investors within the meaning of the Prospectus Regulation in France. Each person in France who receives any communication in respect of the Offer contemplated in the Tender Offer Memorandum and any other documents or materials relating to the Offer will be deemed to have represented, warranted and agreed to and with the Dealer Managers and the Offeror that it is a qualified investor within the meaning of Article 2(e) of the Prospectus Regulation.

    European Economic Area

    In any European Economic Area (“EEA”) Member State, this announcement and the Tender Offer Memorandum are only addressed to, and are only directed at, “qualified investors” (as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the “Prospectus Regulation”)) in that Member State.

    Each person in a Member State of the EEA who receives any communication in respect of the Offer contemplated in this announcement and the Tender Offer Memorandum will be deemed to have represented, warranted and agreed to and with each Dealer Manager and the Offeror that it is a qualified investor within the meaning of the Prospectus Regulation.

    The MIL Network –

  • MIL-OSI USA: 60 Affordable Homes Completed in Schenectady

    Source: US State of New York

    overnor Kathy Hochul today announced the completion of Mosaic Apartments, a 60-unit affordable housing development in the Mont Pleasant neighborhood in the City of Schenectady. Half of the apartments in the $27 million development are reserved for individuals and families struggling with homelessness and in need of support services, including older New Yorkers. Under Governor Hochul’s leadership, New York State Homes and Community Renewal has financed more than 4,700 affordable homes in the Capital Region, including more than 600 in Schenectady County. Mosaic Apartments continues this effort and complements Governor Hochul’s $25 billion five-year housing plan, which is on track to create or preserve 100,000 affordable homes statewide.

    “New York is committed to creating affordable homes and supporting our most vulnerable communities,” Governor Hochul said. “Mosaic Apartments is creating new housing opportunities for 60 households and continues statewide efforts to build more housing and tackle the housing crisis. I am proud to have partners at the local level who support our housing agenda and are helping to make New York more affordable for individuals and families.”

    Units at Mosaic Apartments are available to households earning up to 50 percent of the Area Median Income. Tenants living in the supportive apartments will receive services including case management, healthcare coordination, transportation, community integration, and independent living skills education.

    The fully-electric development features rooftop solar panels, ENERGY STAR(r) appliances, electric heating and cooling, and energy-efficient lighting. There are also water‐conserving plumbing fixtures and electric hot water heaters.

    Mosaic Apartments complements the ongoing planning and revitalization efforts in the City of Schenectady’s 2020 Mont Pleasant Neighborhood Plan and the U.S. Department of Housing and Urban Development’s 2018 Mont Pleasant Renewal Area Plan. The site was assembled by the City of Schenectady’s unified economic development team including the Schenectady Metroplex Development Authority and the Capital Region Land Bank. The development is walking distance from a County library branch, convenience store, and schools.

    DePaul Properties is the project’s developer and DePaul Community Services is providing the on-site support services. Applications for Mosaic Apartments are now being accepted and qualified individuals can apply online at https://www.depaul.org/locations/mosaic-apartments/.

    Mosaic Apartments is supported by New York State Homes and Community Renewal’s Federal Low-Income Housing Tax Credit program, which generated $11 million in equity, $5.8 million from its Federal Housing Trust Fund, $4 million from its Supportive Housing Opportunity Program, and $330,000 from its Clean Energy Initiative program, created in partnership with the New York State Energy Research and Development Authority (NYSERDA). The project is also supported by $4.3 million from the New York State Office of Temporary and Disability Assistance’s Homeless Housing and Assistance Program and a $226,200 program development grant from the New York State Office of Mental Health. Additional funding includes $525,000 from the Schenectady Metroplex Development Authority and $200,000 from the Capital Region Land Bank. Operating funding for the supportive apartments is provided by the Empire State Supportive Housing Initiative administered by the New York State Office of Mental Health.

    New York State Homes and Community Renewal Commissioner RuthAnne Visnauskas said, “Mosaic Apartments will give 60 households an affordable, modern, and energy-efficient place to call their own. This $27 million investment in the Schenectady community builds on the city’s continued efforts to enhance quality-of-life throughout the Mount Pleasant neighborhood and provides much-needed support to vulnerable residents. We thank the Governor for her ongoing efforts to increase housing opportunities across the state, Mayor McCarthy for his continued collaboration, and for our development partners for making this project a reality.”

    New York State Office of Temporary and Disability Assistance Commissioner Barbara C. Guinn said, “The 30 apartments with supportive services will help vulnerable New Yorkers who have experienced homelessness to access vital services while remaining safely housed. We are grateful to all of our partners for the successful completion of Mosaic Apartments and what it represents–that supportive housing can strengthen communities while stabilizing lives.”

    NYSERDA President and CEO Doreen M. Harris said, “New York continues to prioritize expanded access to clean, modern, affordable living opportunities across the state, especially for those who have been historically marginalized. Adopting all-electric and energy efficient building features such as electric heating and cooling and rooftop solar, like we see at Mosaic Apartments, demonstrates how we can create accessible living environments that prioritize the needs and well-being of our communities.”

    New York State Office of Mental Health Commissioner Dr. Ann Sullivan said, “All New Yorkers should have the ability to age with dignity within their community. The Mosaic Apartments will provide stable homes and supportive services for older adults living with mental illness. This project represents Governor Hochul’s strong commitment to developing new supportive housing throughout our state to help older adults live safely in independent settings.”

    Representative Paul Tonko said, “I’m so proud to celebrate the completion of Mosaic Apartments, an all-electric, energy-efficient affordable housing development that will address critical housing needs in the Schenectady area. Investments in sustainable, affordable housing are an essential part of our efforts to build stronger communities. Now, thanks to significant federal funding from the Low-Income Housing Tax Credit program, this development will help advance our efforts to provide quality living spaces for all residents of our Capital Region — particularly for seniors and individuals with disabilities — while also moving us toward a cleaner, greener future.”

    Schenectady County Legislature Chair Gary Hughes said, “We thank Governor Hochul for making this $27 million investment in Schenectady County possible. By working as a team, we have been able to build more than 3,000 new housing units in our community in recent years and this pro-housing effort has helped to make Schenectady County the fourth fastest growing county in New York State.”

    Schenectady Mayor Gary McCarthy said, “The new Mosaic development adds to the momentum in our neighborhoods replacing vacant properties with new quality apartments that we are proud to showcase at this grand opening today.”

    DePaul President Mark Fuller said, “DePaul is grateful to Governor Kathy Hochul and partners for assisting us in increasing our ability to provide permanent housing where residents can access the support services they require to live successfully. We look forward to changing even more lives for individuals in Schenectady and across New York State by offering housing stability for the most vulnerable populations.”

    Governor Hochul’s Housing Agenda

    Governor Hochul is committed to addressing New York’s housing crisis and making the State more affordable and more livable for all New Yorkers. As part of the FY 2025 Enacted Budget, the Governor secured a landmark agreement to increase New York’s housing supply through new tax incentives, capital funding, and new protections for renters and homeowners. Building on this commitment, the FY 2026 Enacted Budget included more than $1.5 billion in new state funding for housing, a Housing Access Voucher pilot program, and new policies to improve affordability for tenants and homebuyers. In addition, as part of the FY 2023 Enacted Budget, the Governor announced a five-year, $25 billion Housing Plan to create or preserve 100,000 affordable homes statewide, including 10,000 with support services for vulnerable populations, plus the electrification of an additional 50,000 homes. Nearly 60,000 homes have been created or preserved to date.

    The FY 2025 Enacted Budget also strengthened the Pro-Housing Community Program which the Governor launched in 2023. Pro-Housing certification is now a requirement for localities to access up to $750 million in discretionary funding. Currently, more than 300 communities have been certified, including the City of Schenectady.

    MIL OSI USA News –

  • MIL-OSI: Kvika banki hf: Kvika’s Board responds to merger proposals

    Source: GlobeNewswire (MIL-OSI)

    Reference is made to announcements from Kvika banki hf. (“Kvika” or “the Bank”) dated 27 and 28 May, stating that Arion banki hf. and Íslandsbanki hf. had each expressed interest in initiating merger discussions with Kvika.

    Following due consideration, the Board of Kvika has concluded that the proposals received from Arion banki hf. and Íslandsbanki hf. on 27 and 28 May do not reflect the intrinsic value of Kvika. The Board therefore does not believe that entering into merger discussion based on these proposals is in the best interest of the bank.

    Nonetheless, the Board of Kvika is of the opinion that significant opportunities and value could be realised through a potential combination of businesses, to the benefit of both shareholders and customers. Should the interested parties be willing to improve their proposals, the Board is open to revaluate its decision. Arion banki hf. and Íslandsbanki hf. have been notified accordingly.

    Please note that this notice is a disclosure of inside information per article 7 of regulation (EU) No 596/2014 on market abuse (“MAR”), which is implemented into Icelandic law with the act on measures against market abuse No 60/2021.

    The MIL Network –

  • MIL-OSI Economics: Major banks set industry milestone with endorsement of ICC’s Principles for Sustainable Trade Finance

    Source: International Chamber of Commerce

    Headline: Major banks set industry milestone with endorsement of ICC’s Principles for Sustainable Trade Finance

    A group of leading Trade Finance banks have today announced their endorsement of the International Chamber of Commerce’s (ICC) Principles for Sustainable Trade Finance (ICC PSTF). This group, and further supporting banks, collectively represent as much as 25% of the global trade finance market by volume.

    The work, led by ICC, with support from Boston Consulting Group (BCG) and newly announced endorsement by Commerzbank, ING, Santander, and Standard Chartered aims to provide clear, transparent, and consistent guidelines to enable banks, corporates and investors to effectively channel capital towards sustainable and inclusive trade finance facilities.

    Unlike for many other financial products, trade finance practitioners have historically not had a clear, consistent and consensus definition on what constitutes sustainable trade finance, limiting its application. The principles, launched in October 2024, therefore provide a robust methodology for evaluating sustainable trade finance transactions, including a globally acceptable approach for assessing use-of-proceeds in trade finance transactions, proposed due diligence protocols for sustainability verification and unified reporting standards to ensure consistency across financial institutions.

    As a next step, with support of these banks, ICC plans to further build on the principles including defining legal terms and extending its coverage to social sustainability, while also working with the broader trade ecosystem – including banks, corporates and regulators – to expand further endorsement. ICC welcomes any users who also wish to endorse the PSTF to an additional endorsement announcement in circa Q3 2025.

    “We welcome the endorsement of the ICC Principles for Sustainable Trade Finance by four leading banks. This is a strong signal of market alignment behind a common framework to scale sustainable trade finance in a practical, credible and commercially viable way. We look forward to more banks endorsing the ICC principles ahead of COP30 in November – sending a clear signal that trade is a core part of the solution to climate change.”

    Philippe Varin, ICC Chair

    Raelene Martin, Head of Sustainability at ICC, added:
    “We are thrilled to welcome the banks’ endorsement of ICC’s Principles for Sustainable Trade Finance, which marks an important step in aligning the industry around common methodology for the assessment of sustainable trade finance. We are thankful for their tremendous support in providing thought leadership and guidance that is fit for purpose for industry globally. We believe that the ICC Principles for Sustainable Trade Finance present an important milestone in embedding sustainability at the heart of global trade in a practical and robust way.”

    The first ICC member banks to endorse the ICC principles shared their initial thoughts:

    “At Santander CIB, we are committed to empowering our clients with innovative trade and working capital solutions aligned to their sustainability goals that promote resilience across global supply chains. To that end, we are happy to endorse the ICC principles, a landmark initiative in sustainable trade finance, and to continue to pave the way for more original solutions that deliver positive financial and sustainable impacts to businesses everywhere.”

    — Pablo Ballesteros, Head of GTB Cross Solutions at Santander CIB

    “Standard Chartered introduced its sustainable trade finance proposition in 2021 and as a pioneering advocate for sustainable trade finance standards across the industry, we are pleased to adopt ICC’s principles. We are committed to offering our clients innovative solutions that empower them to achieve their sustainability goals while effectively managing associated risks. We applaud ICC for leading the way in setting the international guidelines for the industry and we look forward to continuing our partnership with them to shape the future of sustainable trade finance globally.”

    — Sofia Hammoucha, Global Head of Trade & Working Capital at Standard Chartered.

    “Commerzbank, as a leading bank for foreign trade particularly for Germany and Europe, welcomes the publication of ICC’s Principles for Sustainable Trade Finance and actively contributed to them. They are suitable for establishing a consistent approach among international market participants and are referenced in our ESG framework.”
    — Sven O. Schmidt, Head of International Trade Finance Operations, Commerzbank AG

    “ING is proud to have contributed to ICC’s new Principles for Sustainable Trade Finance, which set a clear and actionable framework specifically tailored for the unique nature of trade finance transactions. These principles align with ING’s commitment to supporting clients in their transition to a more sustainable and resilient ecosystem. We will actively support further development of the framework into Social Trade Principles and further guidance for Sustainability Linked Supply Chain Finance.”

    — Anthony van Vliet, Head of Product Management Trade – Transaction Services – ING Wholesale Banking

    “Accelerating sustainable trade is a critical enabler in decarbonising some of the world’s most complex supply chains. Unlike for many other financial products, trade finance practitioners have not historically had a clear, consistent, and consensus definition on what constitutes sustainable trade finance, limiting its application. The formal recognition and endorsement of ICC’s Principles for Sustainable Trade Finance by leading global financial institutions is a huge step forward on this journey.”

    — Ravi Hanspal, Partner, Boston Consulting Group

    Boston Consulting Group (BCG) is a long-term strategic partner of ICC, co-leading ICC’s Sustainable Trade programme since its inception, including the working group that developed the most recent Principles for Sustainable Trade Finance.

    Read more about the ICC Principles for Sustainable Trade Finance, and ICC’s broader work on sustainable trade

    MIL OSI Economics –

  • MIL-OSI Banking: Import of Shipping Vessel – Relaxation

    Source: Reserve Bank of India

    RBI/2025-26/55
    A.P. (DIR Series) Circular No. 07

    June 13, 2025

    All Authorised Dealer Category-I banks

    Madam / Sir,

    Import of Shipping Vessel – Relaxation

    Attention of Authorised Dealer (AD) Category – I banks is invited to Para C.1 of Master Direction – Import of Goods and Services (MD-Imports) dated January 01, 2016.

    2. With a view towards enhancing ease of doing business and keeping in view the sector-specific constraints, it has been decided to allow importers to make advance remittance for import of shipping vessel, without bank guarantee, or an unconditional, irrevocable standby Letter of Credit, up to USD 50 million, subject to the conditions mentioned in para-C.1.3.3 of MD-Imports, as applicable.

    3. AD banks may bring the contents of this circular to the notice of their constituents concerned.

    4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

    Yours faithfully,

    (N. Senthil Kumar)
    Chief General Manager

    MIL OSI Global Banks –

  • MIL-OSI Banking: ASEAN Audit Committee Convenes its 50th Meeting

    Source: ASEAN

    On 13 June 2025, the 50th Meeting of the ASEAN Audit Committee (AAC) was held at the Nusantara Hall of the ASEAN Headquarters/ASEAN Secretariat. Under Malaysia’s ASEAN Chairmanship, the AAC discussed matters pertaining to internal and external audit, risk management, and governance of the ASEAN Secretariat. H.E. Dato’ Seri Wan Suraya Wan Mohd Radzi, the Auditor General of Malaysia, chaired the meeting. Delegations from the ASEAN Member States, and Timor-Leste as an Observer, participated in the annual meeting. The delegates engaged in a meaningful exchange of perspectives and best practices to further strengthen the ASEAN Secretariat’s internal control, risk management, governance, accountability and transparency.
     

    MIL OSI Global Banks –

  • MIL-OSI Global: Why Israel’s air strikes signal a shifting relationship with the US and a weakening Iran

    Source: The Conversation – Global Perspectives – By Natasha Lindstaedt, Professor in the Department of Government, University of Essex

    The Middle East is undergoing a realignment of power. With Israel’s attack on Iranian nuclear sites and the assassination of at least two of Iran’s senior security officials, Benjamin Netanyahu is showing his willingness to go it alone and ignore pressure from the Trump administration.

    Though Donald Trump sought diplomatic solutions to the growing tensions between Israel and Iran, it appears that the US president, despite his previously strong relationship with the Israeli leader, was unable to restrain Netanyahu.

    The timing of the strikes is important. The Trump administration probably knew that they could not prevent Israel from striking Iran, but they did think they could pressure Israel to hold off launching an attack until after the US had solidified a new nuclear deal with Iran, talks for which were scheduled for June 15.

    Just hours before the air strikes, Trump said: “As long as I think there will be an agreement [with Iran], I don’t want them going in.”

    Get your news from actual experts, straight to your inbox. Sign up to our daily newsletter to receive all The Conversation UK’s latest coverage of news and research, from politics and business to the arts and sciences.

    Experts had been divided in the past, over how much leverage the US held over Israel.

    Trump, following months of groundwork laid by the Joe Biden administration, managed to secure a ceasefire deal with Israel in January. But as part of the negotiation, Netanyahu succeeded in reversing sanctions on settlers in the West Bank, giving him free rein to act there. Additionally, the US also lifted its freeze on the transfer of 2,000-pound bombs to Israel, another concession that benefited Israel.

    The US also proved unwilling or incapable of stopping the humanitarian crisis that has unfolded in Gaza. Washington also appeared powerless to stop Israel’s pounding of Lebanon and its efforts to eradicate the Iran-backed militia Hezbollah.

    The US has become more of a spectator than a powerful regional actor. And sources suggest that Washington was not informed in advance of Israel’s airstrike that killed Hezbollah leader Hassan Nasrallah in October 2024, a sign of Israel’s growing willingness to act without US approval.



    Read more:
    Lethal humanitarianism: why violence at Gaza aid centres should not come as a surprise

    Indeed, the expansion of the war in Gaza to Lebanon was a pivotal moment in the region. With significant Israeli public support to stop Hezbollah (which had been launching rockets towards northern Israel), Israel pounded southern Beirut with airstrikes, killing several high-ranking Hezbollah officials.

    In the aftermath, Hezbollah was unable to replenish itself with younger recruits (it had relied on its charismatic leadership to recruit in the past), and the losses caused Hezbollah’s organisation to implode. By November 2024, Hezbollah agreed to a ceasefire brokered by the US.

    Israel announces strikes on Iran.

    Iran’s weaker role

    Hezbollah’s near military and organisational collapse has been a big blow for Iran’s regional power. Hezbollah was at one point the most heavily armed violent non-state actor in the world. It had an army of around 50,000 men and experts speculated that it had as many as 200,000 rockets and missiles of various ranges in its arsenal.

    With the assassination of so many high-level officials in Hezbollah and Hamas, both of which Iran has bankrolled and used in its proxy conflicts with Israel, Iran has been severely weakened. As Iran is in the middle of an economic crisis, it no longer has the financial means to revive these traditional allies.



    Read more:
    Trump’s Middle East pivot aims to counter China’s rising influence

    For decades Iran had tried to gain strategic depth in the Middle East, with the US estimating that Iran spent more than US$16 billion to prop up Bashar al-Assad in Syria from 2012 to 2020. Additionally, with the fall of Assad, Syria can no longer serve as a transit corridor or logistical hub for shipments of arms from Iran to Hezbollah.

    With Turkey’s support for the various armed militias that ousted the Assad regime, it is Ankara, and not Tehran, that sees itself as the big winner in the aftermath of the Syrian civil war.

    US plans for Middle East threatened

    The US, meanwhile, is seeing its influence in the Middle East waning. And Trump’s plan for extending trade in the region, particularly in the Gulf, may also be undermined by the rising regional tension.

    The US had been due to send Middle East envoy Steve Witkoff to this weekend’s talks in Oman, with the aim of getting Tehran to agree to stop enriching uranium (which is crucial for creating nuclear weapons) in exchange for lifting economic sanctions. Trump had said that he did not want Israel to go ahead with its attack on Iran, and yet these calls went unheeded.

    Some US officials were optimistic that the escalating tensions taking place between Iran and Israel were mere tactics of negotiation amid the important nuclear talks. But, though the US was clearly warned about the attack, Washington was not able to deter Israel.

    Though the US still supplies Israel with US$3.8 billion (£2.8 billion) worth of arms per year, it has had little success in exercising much leverage recently. It remains to be seen if domestic political pressure could halt this US funding.

    International relations experts should not be surprised that Israel went on the offensive in Iran. Israel’s attacks on Hezbollah in 2024 were just a precursor to the bigger prize of bringing Iran to its knees.

    For Netanyahu, this is a once-in-a-generation opportunity to reshape the Middle East and shift the regional power dynamics, and he appears to care little about what the US, or the rest of the world, thinks of how he does it.

    Natasha Lindstaedt 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. Why Israel’s air strikes signal a shifting relationship with the US and a weakening Iran – https://theconversation.com/why-israels-air-strikes-signal-a-shifting-relationship-with-the-us-and-a-weakening-iran-258926

    MIL OSI – Global Reports –

  • MIL-OSI China: China renews bilateral currency swap agreement with Türkiye

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

    BEIJING, June 13 — The People’s Bank of China (PBOC), the country’s central bank, has renewed a bilateral currency swap agreement with the Central Bank of the Republic of Türkiye.

    The total value of this agreement is 35 billion yuan (about 4.88 billion U.S. dollars), or 189 billion Turkish lira, the PBOC said in a statement on its website.

    The agreement is valid for three years and can be renewed upon mutual consent, according to the statement.

    Meanwhile, the two sides have also signed a memorandum of understanding to establish a yuan clearing arrangement in Türkiye.

    These arrangements mark a new stage in China-Türkiye financial cooperation and are expected to facilitate the use of local currencies by enterprises and financial institutions of both countries for cross-border settlements, further promoting and facilitating bilateral trade and investment, the statement said. 

    MIL OSI China News –

  • MIL-OSI China: China issued 10.68 trillion yuan in new loans in first five months

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

    China issued 10.68 trillion yuan (about 1.5 trillion U.S. dollars) in new yuan-denominated loans in the first five months of 2025, central bank data showed on Friday.

    At the end of May, outstanding yuan loans amounted to 266.32 trillion yuan, up 7.1 percent year on year, according to the People’s Bank of China. In the first five months, household loans increased by 572.4 billion yuan, while loans to enterprises increased by 9.8 trillion yuan.

    The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 7.9 percent year on year to 325.78 trillion yuan at the end of May.

    The M1, which covers cash in circulation, demand deposits and clients’ reserves of non-banking payment institutions, stood at 108.91 trillion yuan at the end of May, up 2.3 percent year on year.

    The M0, which indicates the amount of cash in circulation, reached 13.13 trillion yuan at the end of May, an increase of 12.1 percent year on year.

    In the first five months, the net cash injection hit 306.4 billion yuan.

    Deposits in yuan rose by 14.73 trillion yuan in the first five months. The balance of deposits in yuan climbed 8.1 percent year on year to 316.96 trillion yuan at the end of May.

    The total social financing stock in China reached 426.16 trillion yuan at the end of May, marking an 8.7 percent increase year on year.

    In the first five months, the newly added social financing amounted to 18.63 trillion yuan, representing a 3.83 trillion yuan increase year on year. 

    MIL OSI China News –

  • MIL-OSI Banking: Expert Panel Expects Moderating Home Price Growth through 2026

    Source: Fannie Mae

    WASHINGTON, DC – Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecasts home price growth to average 2.9% in 2025 and 2.8% in 2026, according to the Q2 2025 Fannie Mae (FNMA/OTCQB) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel’s latest estimates of national home price growth represent revisions from last quarter’s expectations of 3.4% for 2025 and 3.3% for 2026, as measured by the Fannie Mae Home Price Index (FNM-HPI). As part of this quarter’s survey, panelists were also asked whether they expect home price growth in the 20 largest metro-area housing markets will underperform or overperform the national average in the next 12 months, as well as the probability that national year-over-year home price growth will turn negative at any point through the end of 2026.

    The full HPES data sets and special topic research can be found here .

    Opinions, analyses, estimates, forecasts, beliefs, and other views of Fannie Mae’s Economic and Strategic Research (ESR) Group, Pulsenomics, LLC, and the surveyed experts included in these materials should not be construed as indicating Fannie Mae’s business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. How this information affects Fannie Mae will depend on many factors. Although the ESR Group bases its opinions, analyses, estimates, forecasts, beliefs, and other views on information it considers reliable, it does not guarantee that the information provided in these materials is accurate, current, or suitable for any particular purpose. Changes in the assumptions or the information underlying these views could produce materially different results. The analyses, opinions, estimates, forecasts, beliefs, and other views published by the ESR Group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management.

    About Fannie Mae’s Home Price Expectations Survey
    Fannie Mae’s Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC, polls more than 100 experts across the housing and mortgage industry and academia for forecasts of national home price percentage changes in each of the coming five calendar years, with the Fannie Mae Home Price Index as the benchmark. On a quarterly basis, Fannie Mae plans to publish the latest panelist-level expectations. The Q2 2025 HPES had 107 respondents and was conducted by Pulsenomics, LLC, between May 8, 2025, and May 20, 2025.

    About the ESR Group
    Fannie Mae’s Economic and Strategic Research Group, led by Chief Economist Mark Palim, studies current data, analyzes historical and emerging trends, and conducts surveys of consumer and mortgage lenders to inform forecasts and analyses on the economy, housing, and mortgage markets.

    About Pulsenomics
    Pulsenomics® is an independent research and index product development firm that leverages expertise in data analytics, opinion research, financial markets, and economics to deliver insight and market intelligence to institutional clients, partners, and the public at large. To learn more, visit pulsenomics.com .

    MIL OSI Global Banks –

  • MIL-OSI Africa: Principal Secretary (PS) Oluga Chairs Meeting on Urology Centre Project

    Source: Africa Press Organisation – English (2) – Report:

    Download logo

     The Principal Secretary for Medical Services Dr. Ouma Oluga on Friday June 13, 2025 chaired a consultative meeting with the African Development Bank and the National Treasury to review progress on the implementation of the East Africa Centre of Excellence in Urology and Nephrology project.

    The meeting brought together key stakeholders, including Ms. Nadege Balima from the African Development Bank, Mr. Samuel Nyoike from the National Treasury, and Dr. Ajuck Hossin from the Ministry of Health.

    – on behalf of Ministry of Health, Kenya.

    MIL OSI Africa –

  • MIL-OSI USA: Public Notice of Proposed State Fiscal Year 2026 Intended Use Plan, including the proposed Project Priority List, for the Drinking Water State Revolving Fund

    Source: US State of Rhode Island

    The Rhode Island Infrastructure Bank (RIIB) and the Rhode Island Department of Health (RIDOH) are seeking public comment on the proposed State Fiscal Year (SFY) 2026 Intended Use Plan (IUP) for the Drinking Water State Revolving Fund (DWSRF), which includes the proposed SFY 2026 Project Priority List (PPL).

    The proposed document can be found at the link below, on RIDOH’s DWSRF webpage (https://health.ri.gov/drinking-water-quality/drinking-water-state-revolving-loan-fund), on RIIB’s website (https://www.riib.org/), by calling 401-453-4430 weekdays from 8 a.m. to 4 p.m., or by writing to: Rhode Island Infrastructure Bank 275 Promenade Street, Suite 301Providence, RI 02908.

    The proposed SFY 2026 IUP, including the proposed PPL, was published on June 13, 2025. Written comments on the proposed document should be sent to RIIB at the above address or by email to Suh Walker at swalker@riib.org within thirty (30) days of June 13, 2024.

    MIL OSI USA News –

  • MIL-Evening Report: Eugene Doyle: Team Genocide and the West’s war on Iran

    COMMENTARY: By Eugene Doyle

    I have visited Iran twice. Once in June 1980 to witness an unprecedented event: the world’s first Islamic Revolution. It was the very start of my writing career.

    The second time was in 2018 and part of my interest was to get a sense of how disenchanted the population was — or was not — with life under the Ayatollahs decades after the creation of the Islamic Republic.

    I loved my time in Iran and found ordinary Iranians to be such wonderful, cultured and kind people.

    When I heard the news today of Israel’s attack on Iran I had the kind of emotional response that should never be seen in public. I was apoplectic with rage and disgust, I vented bitterly and emotively.

    Then I calmed down. And here is what I would like to say:

    Just last week former CIA officer Ray McGovern, who wrote daily intelligence briefings for the US President during his 27-year career, reminded me when I interviewed him that the assessment of the US intelligence community has been for years that Iran ceased its nuclear weapons programme in 2003 and had not recommenced since.

    The departing CIA director William Burns confirmed this assessment recently.  Propaganda aside, there is nothing new other than a US-Israeli campaign that has shredded any concept of international laws or norms.

    I won’t mince words: what we are witnessing is the racist, genocidal Israeli regime, armed and encouraged by the US, Germany, UK and other Western regimes, launching a war that has no justification other than the expansion of Israeli power and the advancement of its Greater Israel project.

    This year, using American, German and British armaments, supported by underlings like Australia and New Zealand, the Israelis have pursued their genocide against the Palestinians in both the West Bank and Gaza, and attacked various neighbours, including Lebanon, Syria, Yemen, Iraq and Iran.

    They represent a clear and present danger to peace and stability in the region.

    Iran has operated with considerable restraint but has also shown its willingness to use its military to keep the US-Israeli menace at bay. What most people forget is that the project to secure Iran’s borders and keep the likes of the British, Israelis and Americans out is a multi-generational project that long predates the Islamic Revolution.

    I would recommend Iran: A modern history by the US-based scholar Abbas Amanat that provides a long-view of the evolution of the Iranian state and how it has survived centuries of pressure and multiple occupations from imperial powers, including Russia, Britain, the US and others.

    Hard-fought independence
    The country was raped by the Brits and the Americans and has won a hard-fought independence that is being seriously challenged, not from within, but by the Israelis and the Western warlords who have wrecked so many countries and killed millions of men, women and children in the region over recent decades.

    I spoke and messaged with Iranian friends today both in Iran and in New Zealand and the response was consistent. They felt, one of them said, 10 times more hurt and emotional than I did.

    Understandable.

    A New Zealand-based Iranian friend had to leave work as soon as he heard the news.  He scanned Iranian social media and found people were upset, angry and overwhelmingly supportive of the government.

    “They destroyed entire apartment buildings! Why?”, “People will be very supportive of the regime now because they have attacked civilians.”

    “My parents are in the capital. I was so scared for them.”

    Just a couple of years ago scholars like Professor Amanat estimated that core support for the regime was probably only around 20 percent.  That was my impression too when I visited in 2018.

    Nationalism, existential menace
    Israel and the US have changed that. Nationalism and an existential menace will see Iranians rally around the flag.

    Something I learnt in Iran, in between visiting the magnificent ruins of the capital of the Achaemenid Empire at Persepolis, exploring a Zoroastrian Tower of Silence, chowing down on insanely good food in Yazd, talking with a scholar and then a dissident in Isfahan, and exploring an ancient Sassanian fort and a caravanserai in the eastern desert, was that the Iranians are the most politically astute people in the region.

    Many I spoke to were quite open about their disdain for the regime but none of them sought a counter-revolution.

    They knew what that would bring: the wolves (the Americans, the Israelis, the Saudis, and other bad actors) would slip in and tear the country apart. Slow change is the smarter option when you live in this neighbourhood.

    Iranians are overwhelmingly well-educated, profoundly courteous and kind, and have a deep sense of history. They know more than enough about what happened to them and to so many other countries once a great power sees an opening.

    War is a truly horrific thing that always brings terrible suffering to ordinary people. It is very rarely justified.

    Iran was actively negotiating with the Americans who, we now know, were briefed on the attack in advance and will possibly join the attack in the near future.

    US senators are baying for Judeo-Christian jihad. Democrat Senator John Fetterman was typical: “Keep wiping out Iranian leadership and the nuclear personnel. We must provide whatever is necessary — military, intelligence, weaponry — to fully back Israel in striking Iran.”

    We should have the moral and intellectual honesty to see the truth:  Our team, Team Genocide, are the enemies of peace and justice.  I wish the Iranian people peace and prosperity.

    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 contributes to Asia Pacific Report and Café Pacific, and hosts the public policy platform solidarity.co.nz.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Notification under Chapter 9, Section 10 of the Securities Market Act: Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 13 JUNE 2025 AT 15:40 P.M. EET, MAJOR SHAREHOLDER ANNOUNCEMENT


    Notification under Chapter 9, Section 10 of the Securities Market Act:     Holdings of Parkanon Säästöpankkisäätiö in Oma Savings Bank Plc decreased below 10 percent

    On 13 June 2025, Oma Savings Bank Plc (OmaSp) received a notification under Chapter 9, Section 5 of the Securities Market Act (SMA) from Parkanon Säästöpankkisäätiö (business ID 0136324-1), according to which Parkanon Säästöpankkisäätiö’s holding and voting rights in OmaSp decreased below 10 percent threshold on 12 June 2025.

    According to the announcement, Parkanon Säästöpankkisäätiö sr owns 3,330,000 OmaSp shares, corresponding to 9.99 percent of OmaSp’s shares and votes.

    OmaSp has one class of shares in which each share has one vote. The total number of shares is 33,317,089.

    The holding of Parkanon Säästöpankkisäätiö sr according to the announcement:

      % of shares and voting rights (A) % of shares and voting rights through financial instruments (B) Total of both in % (A+B) Total number of shares and voting rights of issuer
    Resulting situation on the date on which threshold was crossed or reached 9,99 NA 9,99 33 317 089
    Positions of previous notification (if threshold crossed) 10,00 NA 10,00 33 292 771

    Notified details of the resulting situation on the date on which the threshold was crossed or reached:

    A: Shares and voting rights:

    Class/type of shares Number of shares and
    voting rights    		 % of shares and
    voting rights
    ISIN code Direct (SMA 9:5) Indirect
    (SMA 9:6 and 9:7)    		 Direct (SMA 9:5) Indirect
    (SMA 9:6 and 9:7)
    FI4000306733 3 330 000 0 9,99 0
    A total 3 330 000 9,99


    Oma Savings Bank Plc

    Additional information:

    Karri Alameri, CEO, tel. +358 45 656 5250, karri.alameri@omasp.fi

    Distribution:

    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 600 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    The MIL Network –

  • MIL-OSI Africa: Ghana Accelerates Efforts to Boost Intra-African Trade

    Ghana is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock new opportunities for Ghanaian businesses across Africa by moving beyond commodity-based trade towards value addition for its traditional exports such as gold, oil and cocoa. 

    Speaking during the Ghana Intra-African Trade Fair (IATF) 2025 Business Roadshow, Ghana’s Minister for Trade, Agribusiness, and Industry, Hon. Elizabeth Ofosu-Adjare highlighted the government’s commitment to creating an enabling environment for businesses to thrive under AfCFTA by improving trade infrastructure, financing and market access. 

    “Under our Market Expansion Programme, the National AfCFTA Coordination Office is providing firm-level support to over 2,000 MSMEs in Ghana. This includes sensitization, market readiness training programmes, training on AfCFTA’s Rules of Origin, trade finance and market access initiatives. Ghana has also conducted targeted trade expeditions to East Africa, taking Ghanaian businesses to Kenya, Tanzania and Rwanda to explore real-time opportunities and negotiate supply contracts,” the Minister said in a speech read on her behalf by the Acting National Coordinator, National AfCFTA Coordination Office, Benjamin Kwaku Asiam. 

    The Ghana IATF2025 Business Roadshow brought together government officials, the trade community, including businesses and investors, and executives from the African Export-Import Bank (Afreximbank). The event focused on promoting intra-African trade under the theme: Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness through AfCFTA. 

    The Business Roadshow is one of five planned in Accra, Nairobi, Johannesburg, Lagos, and Algiers ahead of the fourth edition of the biennial Intra-African Trade Fair 2025 (IATF2025), scheduled to take place in Algiers, Algeria, from 4 – 10 September 2025. IATF is Africa’s premier trade and investment event, held by Afreximbank, in collaboration with the African Union Commission and the AfCFTA Secretariat, and provides a platform for businesses to showcase their goods and exchange trade and investment information within the continent’s single market. 

    In his keynote address, the Secretary General of the AfCFTA Secretariat, H.E. Wamkele Mene noted that the IATF offers an unparalleled platform for the exchange of trade and investment information; and is a marketplace of ideas, opportunities, and partnerships.  

    “As we work to scale up intra-African trade, build regional value chains, and accelerate industrialisation, IATF serves as a key platform for connecting African businesses, investors, governments, and innovators. It is a catalyst for turning the promise of AfCFTA into concrete outcomes: trade deals signed, investments mobilised, and jobs created. By establishing a large, integrated market, AfCFTA encourages countries to specialize and add value to products, attracting investment and creating jobs,” H.E. Mene said, adding that this supports economic diversification, poverty reduction, and Africa’s vision for sustainable and inclusive development. 

    Afreximbank’s Group Chief Economist & Managing Director, Research, Dr. Yemi Kale described IATF as AfCFTA’s commercial marketplace, which brings to life Africa’s efforts to trade more with itself not only in raw materials, but also in value-added goods, services, and innovations. 

    “One of the persistent barriers to intra-African trade is not tariffs or logistics alone—but also access to accurate, timely, and actionable market intelligence. Trade cannot flourish in the absence of information,” Dr Kale said, adding that IATF2025 provides a platform for addressing this. He invited Ghanaian businesses and government agencies to participate in IATF2025, where over 2,000 exhibitors from Africa and beyond will showcase their products to more than 35,000 visitors and buyers from over 140 countries, with trade and investment deals projected to exceed US$44 billion. 

    Cumulatively, IATF has attracted over 4,500 exhibitors, more than 70,000 visitors, and facilitated over US$100 billion in deals. The last edition held in Cairo attracted nearly 2,000 exhibitors from 65 countries generated US$43.7 billion in trade and investment deals. 

    The upcoming IATF2025 will be hosted by the Government of the People’s Democratic Republic of Algeria. Speaking at the Business Roadshow, Algeria’s Ambassador to Ghana, H.E. Mourad Louhaidia welcomed visitors and exhibitors to Algiers, pledging his government’s commitment to facilitate a successful IATF2025 by mobilising transport and hospitality infrastructure and facilitating smooth entry for all participants into the country. 

    “The Algerian embassy will fast track processing of visas for all participants from Ghana. We have set up a dedicated team at the embassy to handle all information requests and visa applications to participate in IATF2025,” H.E. Louhaidia added.  

    IATF2025 will feature a trade exhibition, the Creative Africa Nexus (CANEX) programme spotlighting cultural industries, a four-day Trade and Investment Forum, and the Africa Automotive Show. Special Days will highlight countries, public and private sector entities, tourism, cultural attractions, and Global Africa Day celebrating ties with the African diaspora. 

    Additional activities include business-to-business and business-to-government matchmaking, the AU Youth Start-Up programme, the Africa Research and Innovation Hub, and the African Sub-Sovereign Governments Network (AfSNET) to promote local trade and cultural exchanges. The IATF Virtual platform is also live, connecting exhibitors and visitors all year-round. 

    Ghanaian IATF Ambassador and Chairman, Oakwood Green Africa, Gabriel Edgal said: “Long before borders were drawn, Africa thrived as a connected economy. Trade was a way of life. Value was created locally. Progress moved through relationships and exchange. Across the world, we see increasing protectionism. Traditional aid partners are looking increasingly inward. The global economic tide is shifting, and everybody is focusing on themselves instead. I believe this is a wake-up call — that we need to now be more deliberate about trading among ourselves, to create interconnected prosperity, to trade among ourselves, build with ourselves, and grow for ourselves. It is time for action”. 

    Ghana has been recognized as a leading example in AfCFTA implementation, with the government actively facilitating private sector participation through the National Coordination Office and initiatives like the Guided Trade Initiative, which has seen Ghanaian companies successfully trade with neighbouring African countries 

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com.  

    Distributed by APO Group on behalf of Afreximbank.

    Media contact: 
    media@intrafricatradefair.com
     press@afreximbank.com

    About the Intra-African Trade Fair:
    Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. 

    MIL OSI Africa –

  • MIL-OSI Banking: Identity fraud: BaFin additionally warns consumers about the website goldingdigital.net

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    On 22 May 2025, BaFin issued a warning about the services being offered on the website goldingdigital.com, which has since been deactivated. The unknown operators are now using the website goldingdigital.net. BaFin suspects the operators of this website of offering consumers financial and investment services without the required authorisation. Contrary to the claims on the website, the services being offered do not originate from Golding Capital Partners GmbH, which has its registered office in Munich. This is a case of identity fraud.

    BaFin is issuing this warning on the basis of section 37 (4) of the German Banking Act (Kreditwesengesetz – KWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks –

  • MIL-OSI Security: NATO Secretary General in Stockholm, highlights Sweden’s defence industry leadership and support to Ukraine

    Source: NATO

    NATO Secretary General Mark Rutte met Prime Minister of Sweden Ulf Kristersson in Stockholm on Friday (13 June 2025) to discuss preparations for the NATO Summit in The Hague.

    Mr Rutte noted that Sweden – NATO’s newest member – is “already making major contributions across the Alliance” since joining in March 2024, including through contributions to Forward Land Forces in Latvia, and leading NATO’s newly established Forward Land Forces in Finland.

    “Your Gripen fighter jets help patrol the skies over Poland, and your ships contribute to our enhanced military presence in the Baltic Sea through Baltic Sentry,” he said. The Secretary General also highlighted how Sweden’s expertise in the High North strengthens NATO’s regional posture and reinforces the Alliance’s ability to support Baltic Allies. 

    In 2024, Sweden invested 2.66% of GDP on defence, with plans to go further. “This is a clear demonstration of Sweden’s commitment to collective defence,” said the Secretary General.  Mr Rutte also underlined Sweden’s leadership in strengthening NATO’s defence industrial base. “You have a world-class defence sector,” he said. He welcomed Sweden’s role in defence industrial production, research, and resilience.

    Secretary General Rutte also commended Sweden for its staunch support of Ukraine. “Since 2022, you have provided over 7 billion euros in military assistance – including 1.25 billion in the first four months of this year alone. In terms of GDP, this places Sweden among the top contributors to Ukraine.” He also welcomed Sweden’s investment in Ukraine’s defence industry, saying: “You are truly leading by example.”

    Turning to the upcoming NATO Summit in The Hague, the Secretary General highlighted the need for increased investment and stronger defence industrial capacity. “I expect leaders to make bold decisions to further strengthen our deterrence and defence – including agreeing a new defence investment plan that would bring our defence investment to 5% of GDP.”

    In Stockholm, Secretary General Rutte also took part in a panel discussion at the annual Bilderberg meeting, alongside the President of the European Investment Bank Nadia Calviño and US Army General Chris Donahue. The discussion was moderated by Minister of Foreign Affairs of Poland Radoslaw Sikorski.

    MIL Security OSI –

  • MIL-OSI Europe: Finland to receive €235 million in EIB financing for hospital and school upgrades

    Source: European Investment Bank

    • EIB provides €235 million in loans to improve hospitals and schools in Finland´s Uusimaa region.
    • Hospitals in Helsinki, Espoo and Vantaa, as well as schools in Vantaa among beneficiaries. 
    • Part of the EIB’s ongoing support for Finland’s public services, with over €3.8 billion invested in healthcare and education in recent years.

    The European Investment Bank (EIB) is signing two major financing agreements, totalling €235 million, to support critical public infrastructure in southern Finland. The funding will significantly enhance healthcare services across southern Finland and education services in Vantaa.

    The first agreement, worth €135 million, will support the modernisation of hospital infrastructure across the region. This includes improving access to specialised care, strengthening medical education, and enhancing the energy efficiency of hospital buildings. The financing is part of a broader €300 million loan package with the Helsinki University Hospital (HUS)—the joint authority for specialized healthcare in Helsinki and Uusimaa. Major upgrades are planned at hospitals in Meilahti in Helsinki, Jorvi in Espoo and Peijas in Vantaa.

    In parallel, the EIB is also lending €100 million to support the development of modern, energy-efficient educational facilities in Vantaa, a rapidly growing city just north of Helsinki. This tranche is part of a larger €350 million loan package. The initiative will benefit over 11,000 students and deliver more than 160,000 square metres of new and refurbished educational space across more than 30 facilities, including schools, day centers, and sports venues.

    “These projects will directly improve daily life for tens of thousands of people across southern Finland,” said EIB Vice-President Thomas Östros. “We are proud to support Finland in building modern, sustainable infrastructure that delivers better services and meets the highest environmental standards. Investing in healthcare and education is investing in people’s futures.”

    Both loans reflect the EIB’s goals of fostering sustainable urban development, promoting social inclusion, and advancing climate action through energy-efficient infrastructure.

    The major part of hospital upgrades in the Uusimaa region are due to be completed by the end of 2026.

    “The EIB is an important and reliable financier of investments for HUS,” said HUS Chief Financial Officer Jari Finnilä. “The EIB and HUS have a long-time cooperation in financing investments of specialized healthcare.”

    The works on the school buildings in Vantaa are scheduled to be completed within the next five years. “The long-term funding we receive from the EIB is vital to our efforts in renovating and constructing educational facilities,” said Vantaa Mayor Pekka Timonen.

    In Finland, the EIB has provided financing of more than €2.1 billion in healthcare and €1.7 billion in education over the past decade. Recent projects include the Laakso hospital construction and modern school facilities in Tuusula, Helsinki and Turku.

    Background information  

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –