Category: Banking

  • MIL-OSI Asia-Pac: Centre operationalises dedicated ‘Global Tariff and Trade Helpdesk’ to assist stakeholders in navigating emerging trade issues

    Source: Government of India

    Posted On: 11 APR 2025 7:18PM by PIB Delhi

    The Department of Commerce and DGFT are actively tracking developments in global trade, particularly in relation to tariff changes, import surges, and export-related challenges. Given the evolving trade landscape and the introduction of various tariff and counter-tariff measures, there may be both new export opportunities and heightened

    import pressures from specific countries or product sectors. Exporters and importers experiencing such shifts are encouraged to share their inputs and suggest potential support measures. In this context, DGFT has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist stakeholders in navigating emerging trade issues.

    The ‘Global Tariff Challenges Helpdesk’ would look into issues relating to Import and Export Challenges, Import Surges or Dumping, EXIM Clearance, Logistics or Supply Chain Challenges, Financial or Banking issues, Regulatory or Compliance Issues, and Other Issues or Suggestions. The Help desk would also collect and collate trade-related

    issues concerning other Ministries/Departments/Agencies of Central Government and State Governments and will co-ordinate to seek their support and provide possible resolution(s).

    Export-Import community may submit information on the DGFT website and submit information relating to their issues on which support is required using the following steps—

    1. Navigate to the DGFT Website (https://dgft.gov.in) — > Services — > DGFT Helpdesk Service
    2. ‘Create New Request’ and select the Category as ‘Global Tariff and Trade and Issues’
    3. Select the suitable sub-category (Import Challenges, Export Challenges, Import Surges or Dumping, EXIM Clearance, Logistics or Supply Chain Challenges, Regulatory & Compliance Issues, and Other Issues and Suggestions), enter the other relevant details and submit.

    Alternatively, issues may be sent to email id: dgftedi[at]nic[dot]in with the subject header: ‘Global Tariff and Trade Helpdesk’, or call the Toll-Free No at 1800-111-550

    The status of resolutions and feedback may be tracked using the status tracker under the DGFT Helpdesk Services. Email and SMS would also be sent as and when the status of these tickets are updated. Trade stakeholders are encouraged to make appropriate use of these support facilities.

     

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    Abhishek Dayal/Nihi Sharma

    (Release ID: 2121040) Visitor Counter : 106

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Secretary, Ministry of Cooperation, Dr. Ashish Kumar Bhutani, addresses the inaugural session of the two-day National Level Review Meeting in Shillong, Meghalaya

    Source: Government of India

    Secretary, Ministry of Cooperation, Dr. Ashish Kumar Bhutani, addresses the inaugural session of the two-day National Level Review Meeting in Shillong, Meghalaya

    Initiatives and formulation of strategies to further strengthen and modernise the Cooperative Sector across the country discussed during the Review Meeting

    Under the leadership of Prime Minister Shri Narendra Modi and guidance of Union Minister of Cooperation Shri Amit Shah Ministry is committed to promoting cooperative-led economic growth

    Gujarat and Maharashtra are shining examples of how dairy can empower women and improve child nutrition

    Role of national-level cooperative institutions such as NCEL, NCOL, BBSSL, NCCF, and NAFED pivotal in enhancing the cooperative ecosystem and driving innovation and inclusivity

    Posted On: 11 APR 2025 6:24PM by PIB Delhi

    The Secretary, Ministry of Cooperation, Dr. Ashish Kumar Bhutani, addressed the inaugural session of the two-day National Level Review Meeting in Shillong, Meghalaya. The Review meeting, held on 10-11 April 2025, discussed initiatives and formulation of strategies to further strengthen and modernise the Cooperative Sector across the country.

     

    Speaking at the inaugural session, Dr. Ashish Kumar Bhutani said that under the leadership of Prime Minister Shri Narendra Modi and the guidance of Union Home Minister and Minister of Cooperation Shri Amit Shah the Ministry is committed to promoting cooperative-led economic growth with robust inter-state cooperation to realize the vision of “Sahakar Se Samriddhi.” He stressed on collating the PAN numbers of all cooperative societies of the country to enable more accurate representation of the cooperative sector in the national GDP. Dr. Bhutani reaffirmed the Government’s unwavering commitment to strengthening and advancing the cooperative ecosystem in the country.

    The Secretary, Ministry of Cooperation said that White Revolution 2.0 is one of the flagship initiatives, aimed at rural upliftment through the dairy sector. States like Gujarat and Maharashtra are shining examples of how dairy can empower women and improve child nutrition. He said that we are partnering with institutions like Amul and NDDB to support states Assam, Jharkhand, Uttar Pradesh and other states in expanding dairy infrastructure. The economic potential of animal husbandry now exceeds that of traditional crop cultivation.

    Dr. Ashish Kumar Bhutani said that passing of the bill to establish India’s first Tribhuvan Sahkari University is a historic move. This university will standardise cooperative education across states and uplift over 250 existing cooperative institutions.

    Secretary, Ministry of Cooperation, and Chief Secretary, Govt. of Meghalaya, along with senior officials, took part in a tree plantation drive under the initiative “Ek Ped Maa Ke Naam” initiative in International Year of Cooperatives.

    The meeting brought together key stakeholders including representatives from States and Union Territories, officials from cooperative federations, financial institutions, and policymakers, fostering a collaborative platform for knowledge exchange and strategic alignment.

    The States Review Session spotlighted the pivotal role of national-level cooperative institutions such as NCEL, NCOL, BBSSL, NCCF, and NAFED in enhancing the cooperative ecosystem and driving innovation and inclusivity.

    Director of IRMA, Anand (Gujarat), outlined the vision of Tribhuvan Sahkari University, the strategic objectives, and proposed institutional structure. The session reflected the Ministry’s long-term commitment to developing world-class cooperative education and research infrastructure.

    A dedicated workshop on the International Year of Cooperatives 2025, focusing on strategic priorities such as benchmarking cooperative societies, impact assessment, and the formulation of a Business Reform Action Plan for the upcoming fiscal year. Delegations from Maharashtra, Gujarat, and Uttarakhand shared best practices and innovations in cooperative development.

    The focus areas of the two-day sessions were on expansion of banking services for cooperative societies and ensure doorstep banking services via micro-ATMs along with provision of zero-interest loans through RuPay Kisan Credit Cards to members of Primary Agriculture Credit Societies (PACS), Dairy Cooperative Societies and other Cooperative institutions, and strengthening of Rural Cooperative Banking. Expansion of time-bound establishment of Multi-Purpose Agriculture Cooperative Societies (MPACS), Dairy and fishery cooperatives, Grain Storage Plan, digital transformation of PACS and Agriculture and Rural Development Banks (ARDBs) with an aim to improve transparency, operational efficiency, and service accessibility was also discussed. An analytical discussion was also held on the impact of NCDC’s schemes and the realignment of its strategic direction with broader national development priorities.

    ******

    RK/VV/PR/PS

    (Release ID: 2121020) Visitor Counter : 50

    Read this release in: Hindi

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: EIB Group approves new financing for European security, transport, energy, water and deep tech as well as support for Ukrainian firms

    Source: European Investment Bank

    • EIB Board approves €3.6 billion in financing for clean transport, energy and innovation, as well as upgrading water and sanitation in Africa.
    • EIB Board also backed broader support for Europe’s automotive sector, which has received more than €11bn EIB financing in the past five years.
    • EIF Board approved investment in deep tech venture capital fund and backing for war-affected small- and medium-sized companies in Ukraine.

    The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting this week, approved new financing to support economic prosperity and resilience, boost innovation and EU’s strategic autonomy in new technologies, and deepen global partnership.

    “The EIB Group is responding to Europe’s priorities in the current volatile international context, providing financing for projects to boost security, technological innovation, critical infrastructures, and the deepening our international partnerships” said EIB Group President Nadia Calviño. “We also affirmed our commitment to support Europe’s manufacturing champions in the automotive industry. The automotive sector is the second largest focus of the EIB group after energy, where the EIB Group has committed more than €11.5 billion over the past five years.”

    The EIB Board approved a total of €3.6 billion of new projects for water and energy infrastructure, housing and clean transport.

    The EIF’s Board approved transactions totalling €2.2 billion, including four operations under the EU4Business Guarantee Facility to facilitate access to finance for war-affected enterprises in Ukraine.

    Backing the automotive sector

    The EIB Board of Directors discussed ways to further step-up support for Europe’s automotive industry, with a focus on innovation and investment in future technologies. The EIB Group has provided more than €11.5 billion euros to support the sector over the past five years, with financing covering the entire supply chain and key infrastructures – from battery and components manufacturing to electric vehicle charging stations.

    Transport, energy, water and housing

    New financing approved by the EIB includes more than €1 billion for low-emission transport in northern Europe, urban mobility in Germany, climate-resilience in Poland and an upgrade of 350 kilometres of the main transport route in Malawi.

    Large-scale energy and water investment totalling €1.4 billion was also agreed, including research and development of heat pumps in Poland and Belgium, improvements to water and sanitation in Latvia and Guinea and an expansion of electricity distribution in Brazil.

    Financing to enable construction of more than 700 affordable homes in Czechia was also approved.

    Fresh EIB financing of €1.1 billion for company investments agreed today includes small-business financing programmes in Spain and Greece and venture-debt financing for 3D software, digital health and disease-resistant and drought-resistant agriculture.

    Venture capital support for deep-tech and cybersecurity

    Among the greenlighted EIF equity investments were participations in a pan-European venture capital fund seeking to scale up deep technology investments – including cybersecurity – with resources under the European Tech Champions Initiative, and a venture capital fund supporting early-stage tech companies in emerging European venture capital markets.

    The EIF Board also endorsed two new mandates, which will respectively foster the Polish venture capital market and early-stage technology transfer and deep tech investments in Spain.

    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

  • MIL-OSI Africa: International Monetary Fund (IMF) Staff Completes 2025 Article IV Mission to Mauritius

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

    WASHINGTON D.C., United States of America, April 11, 2025/APO Group/ —

    • The Mauritian economy continues to exhibit resilience with growth at 4.7 percent in 2024 and contained inflation. The growth outlook remains favorable, though risks are to the downside.
    • Mauritius needs to recalibrate the macroeconomic policy mix to rebuild fiscal space. The monetary policy framework needs to be strengthened while continued monitoring of macro-financial risks is essential to maintain financial stability.
    • Advancing key reforms to foster external competitiveness and private sector-led growth while enhancing climate resilience will reduce external imbalances.

    An International Monetary Fund (IMF) mission led by Mariana Colacelli visited Mauritius from March 31 to April 11, 2025, to conduct the 2025 Article IV Consultation.

    At the conclusion of the visit, Ms. Colacelli issued the following statement:

    “Real GDP grew by a robust 4.7 percent in 2024, driven by services, construction, and tourism. The growth outlook is favorable, supported by the services sector. However, real GDP growth is projected to soften to 3.0 percent in 2025 due to weakening external demand, easing tourism activity, and the severe drought.

    “Headline inflation is projected to remain contained in 2025. Inflation eased in 2024 to 3.6 percent from 7.0 percent in 2023. Inflation was 2.5 percent in March, remaining within the Bank of Mauritius’ (BOM) target range of 2-5 percent, driven by declining international food and energy prices, and lower fuel excise duties.

    “The external current account deficit is estimated to have widened in 2024 while foreign reserves increased to US$ 8.4 billion at end-2024.

    “A deterioration in global growth and higher uncertainty in trade and financial markets could dampen growth. Delays in recalibrating the macroeconomic policy mix could lead to a disorderly adjustment. Extreme climate events could damage infrastructure and agriculture, weakening tourism and growth.

    “Policy discussions centered on recalibrating the macroeconomic policy mix to rebuild fiscal space, strengthening the monetary policy framework, and maintaining financial stability.

    “As in fiscal year 2023/24, the fiscal policy stance in fiscal year 2024/25 is expected to be expansionary—with the primary fiscal deficit projected to widen to 6.6 percent of GDP, excluding grants. Public debt is projected to reach almost 90 percent of GDP at end-June 2025. Implementing an ambitious medium-term growth-friendly fiscal consolidation plan, starting in fiscal year 2025/26, is critical to help rebuild fiscal space and support fiscal sustainability. Boosting tax revenue and reducing current spending while protecting the most vulnerable, and strengthening fiscal governance, are needed.

    “Since 2023, the monetary policy stance has become less accommodative, and inflation has decreased to BOM’s target range. The BOM should remain ready to further tighten the monetary policy stance should inflationary pressures revive. The implementation of the monetary policy framework should be strengthened, and BOM independence must be safeguarded. Conserving foreign reserves will enhance the resilience of the economy in the face of external shocks. We support the authorities’ plans to gradually phase out the BOM’s ownership of the Mauritius Investment Corporation.

    “Continued monitoring of macro-financial risks, including those associated with global business companies operating in the Mauritius International Financial Center and the real estate sector, will maintain financial stability.

    “Advancing structural reforms to foster external competitiveness and private sector-led growth while enhancing climate resilience will reduce external imbalances. Key reforms would improve governance, sustain compliance with Anti Money Laundering/Combating the Financing of Terrorism (AML/CFT) standards, boost private sector competitiveness, and enhance labor supply and skills.

    “The IMF team extends its thanks to the Mauritian authorities and people for the constructive and open dialogue and warm hospitality.”

    MIL OSI Africa

  • MIL-OSI: Alpine Banks of Colorado announces shareholder approval of forward stock split of Class A common stock and amended and restated Articles of Incorporation

    Source: GlobeNewswire (MIL-OSI)

    GLENWOOD SPRINGS, Colo., April 11, 2025 (GLOBE NEWSWIRE) — Alpine Banks of Colorado (OTCQX: ALPIB) (“Alpine” or the “Company”), the holding company for Alpine Bank (the “Bank”), announced yesterday its shareholders voted to approve amended and restated Articles of Incorporation to affect the following actions, among other things:

    • Increase the total authorized shares of common stock that the Company is authorized to issue from 15,100,000 to 30,000,000.
    • Increase the authorized shares of the Class A common stock from 100,000 to 15,000,000.
    • Effect a forward stock split of the outstanding shares of the Class A common stock by a ratio of 150-for-1.
    • Provide that holders of Class A common stock and Class B common stock shall be entitled to share equally in dividends and other distributions on a per share basis based upon the number of shares issued and outstanding.
    • Provide that each one share of Class B common stock shall be entitled to one vote.
    • Provide that each one share of Class A common stock shall be entitled to 20 votes.
    • Provide that unless otherwise required by law, the Class A common stock and Class B common stock will vote together as a single class on all matters, including the election of directors.
    • Provide that a majority of the total voting power of the outstanding shares of common stock entitled to vote shall constitute a quorum at any meeting of shareholders.
    • Provide that the approval of certain corporate actions requires the approval of more than 66 2/3% of the voting power of the outstanding shares of common stock entitled to vote.

    The amended and restated Articles of Incorporation and the related stock split of the Class A common stock will become effective upon the effective date specified in the filing with the Colorado Secretary of State which Alpine anticipates will occur on May 1, 2025.

    The 150-for-1 stock split of Alpine’s Class A common stock will be executed in the form of a stock dividend of 149 additional shares of Class A shares for every one Class A share issued and outstanding to shareholders as of the close of business on the record date of April 22, 2025. After the close of business on May 1, 2025, Alpine’s transfer agent, Equiniti Trust Company, LLC, will distribute to shareholders of record on the record date a book entry statement in lieu of a share certificate, which will represent the additional number of Class A shares to be received as a result of the stock split. Holders of Class A shares do not need to exchange their existing stock certificates if they hold shares in certificate form.

    Alpine currently has approximately 52,150 Class A shares outstanding. After the stock split, the number of Class A shares outstanding will increase to approximately 7,822,500 shares. Alpine’s Class B common stock will not be affected by the stock split but will be affected by the amended and restated Articles of Incorporation as described above.

    Answers to frequently asked questions about the stock split are available in the Investor Relations section of our website at https://www.alpinebank.com/who-we-are/investor-relations.html.

    About Alpine Banks of Colorado
    Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.5 billion, independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage, and electronic banking services across Colorado’s Western Slope, mountains, and Front Range. Alpine Bank has a five-star rating – meaning it has earned a superior performance classification – from BauerFinancial, an independent organization that analyzes and rates the performance of financial institutions in the United States. Shares of the Class B nonvoting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB” on the OTCQX® Best Market. Learn more at www.alpinebank.com.

    *Alpine Bank Wealth Management services are not FDIC insured, may lose value, and are not guaranteed by the Bank.

    Contacts:   Glen Jammaron   Eric A. Gardey
        President and Vice Chairman   Chief Financial Officer
        Alpine Banks of Colorado   Alpine Banks of Colorado
        2200 Grand Avenue    2200 Grand Avenue
        Glenwood Springs, CO 81601   Glenwood Springs, CO 81601
        (970) 384-3266    (970) 384-3257
             

    A note about forward-looking statements
    This press release contains “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “reflects,” “believes,” “can,” “would,” “should,” “will,” “estimates,” “looks forward to,” “continues,” “expects” and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements we make regarding our evaluation of macro-environment risks, Federal Reserve rate management, and trends reflecting things such as regulatory capital standards and adequacy. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward- looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statement include, but are not limited to:

    • The ability to attract new deposits and loans;
    • Demand for financial services in our market areas;
    • Competitive market-pricing factors;
    • Changes in assumptions underlying the establishment of allowances for loan losses and other estimates;
    • Effects of future economic, business and market conditions, including higher inflation;
    • Adverse effects of public health events, such as the COVID-19 pandemic, including governmental and societal responses;
    • Deterioration in economic conditions that could result in increased loan losses;
    • Actions by competitors and other market participants that could have an adverse impact on expected performance;
    • Risks associated with concentrations in real estate-related loans;
    • Risks inherent in making loans, such as repayment risks and fluctuating collateral values;
    • Market interest rate volatility, including changes to the federal funds rate;
    • Stability of funding sources and continued availability of borrowings;
    • Geopolitical events, including acts of war, international hostilities and terrorist activities;
    • Assumptions and estimates used in applying critical accounting policies and modeling, including under the CECL model, which may prove unreliable, inaccurate, or not predictive of actual results;
    • Actions of government regulators, including potential future changes in the target range for the federal funds rate by the Board of Governors of the Federal Reserve;
    • Sale of investment securities in a loss position before their value recovers, including as a result of asset liability management strategies or in response to liquidity needs;
    • Any increases in FDIC assessments;
    • Risks associated with potential cybersecurity incidents, data breaches or failures of key information technology systems;
    • The ability to maintain adequate liquidity and regulatory capital, and comply with evolving federal and state banking regulations;
    • Changes in legal or regulatory requirements or the results of regulatory examinations that could restrict growth;
    • The ability to recruit and retain key management and staff;
    • The ability to raise capital or incur debt on reasonable terms; and
    • Effectiveness of legislation and regulatory efforts to help the U.S. and global financial markets.

    There are many factors that could cause actual results to differ materially from those contemplated by forward-looking statements. Any forward-looking statement made by us in this press release or in any subsequent written or oral statements attributable to the Company are expressly qualified in their entirety by the cautionary statements above. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Contact:   Eric Gardey, Chief Financial Officer
        Alpine Banks of Colorado
        (970) 384-3257
        ericgardey@alpinebank.com 

    The MIL Network

  • MIL-OSI USA: Wyden, Warren, Schumer, Senate Colleagues Call on SEC to Launch Investigation into Possible Trump Tariff Market Manipulation, Insider Trading

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    April 11, 2025
    Senators: “It is unconscionable that as American families are concerned about their financial security during this economic crisis entirely manufactured by the President, insiders may have actively profited from the market volatility and potentially perpetrated financial fraud on the American public.”
    Washington, D.C. – U.S. Senator Ron Wyden (D-Ore.) today joined with five colleagues to urge the Securities and Exchange Commission (SEC) to investigate whether Donald Trump, any members of his cabinet, or other donors, insiders, or Administration officials engaged in insider trading, market manipulation, or other securities laws violations. 
    “We urge the SEC to investigate whether the tariff announcements, which caused the market crash and subsequent partial recovery, enriched administration insiders and friends at the expense of the American public and whether any insiders, including the President’s family, had prior knowledge of the tariff pause that they abused to make stock trades ahead of the President’s announcement,” the senators wrote in their letter to SEC Chair Paul Atkins. “Before pausing the tariffs that threw markets into disarray, President Trump appears to have previewed his plans to do so on Truth Social: at 9:37 am, he announced, “THIS IS A GREAT TIME TO BUY!!! DJT.” His official announcement of the tariff pause came roughly 4 hours later at 1:18 pm.”
    Others signing the letter besides Wyden, Ranking Member of the Senate Finance Committee, were Minority Leader Senator Chuck Schumer (D-NY) and U.S. Senators Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing and Urban Affairs Committee; Mark Kelly (D-Ariz.), Ruben Gallego (D-Ariz.), and Adam Schiff (D-CA).
    The senators also asked how Trump Administration cuts to the SEC might affect the agency’s ability to respond to large-scale market events and pursue enforcement actions. They requested answers to their questions by April 25, 2025.
    The entire letter is here.

    MIL OSI USA News

  • MIL-OSI Africa: World Gold Council CEO to Deliver Keynote at Mining in Motion 2025

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

    ACCRA, Ghana, April 11, 2025/APO Group/ —

    David Tait, CEO of the World Gold Council, will participate at the upcoming Mining in Motion Summit – taking place on June 2-4, 2025, in Accra – as a keynote speaker. Representing the global trade body for the gold industry, Tait’s participation underscores Ghana’s growing influence in the global gold market. As Africa’s top gold producer and the world’s sixth-largest, Ghana plays an increasingly vital role in ensuring the stability and sustainability of global gold supply. 

    The World Gold Council supports Ghana’s mining ecosystem through various initiatives. Its Executive Program in Gold Reserves Management equips governments – including Ghana’s – with global best practices to strengthen gold reserve management and attract investment. Additionally, the Responsible Gold Mining Principles offer practical frameworks for environmental and social governance, enabling gold-producing countries such as Ghana and companies to adopt more sustainable and ethical mining practices. 

    The council reinforces its deep connection to Ghana’s mining landscape with many of the country’s key gold mining firms representing members of the World Gold Council. Notably, Newmont Corporation operates the Ahafo and Akyem mines; Gold Fields operates the Asumura, Tarkwa, Damang and New Obuasi facilities; while AngloGold Ashanti operates the Teberebie, Obuasi and Manso Nkwanta mines. 

    As a source of data and insights on gold’s societal and economic impact, the World Gold Council supports Ghana’s continued mining expansion. The gold sector already serves as the largest contributor to the country’s national GDP, accounting for 57% of total export revenues in 2024. With gold exports generating $11.6 billion last year alone, the industry is a major enabler of national development, funding critical sectors such as health and education. Mining in Motion presents an ideal platform for Tait to present global market trends, offering guidance on how Ghana can align its gold sector with international standards to maximize output, attract investment and drive economic growth. 

    Mining in Motion is spearheaded by the Ashanti Green Initiative, under the leadership of Oheneba Kwaku Duah, Prince of Ghana’s Ashanti Kingdom, and is hosted in partnership with the World Bank and the World Gold Council. 

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting small-scale miners and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting _www.MininginMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org.

    MIL OSI Africa

  • MIL-OSI Russia: Financial News: Fraudsters Entice People to a Non-Existent Digital Ruble Investment Program

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia (2) –

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Categoris24-7, Central Bank of OF Russia, Miles, Russians Banks, Russians savings, Russians finance, Russians Language, Russian economy, Russian banks

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    Fraudsters encourage people to invest in digital rubles and receive passive income from these investments.

    They create websites in corporate colors and with the digital ruble logo. The scammers call such Internet resources the investment program of the digital ruble of the Bank of Russia. On the website, the visitor is greeted by a “personal manager” who persuades them to deposit the amount on the “deposit”.

    The person is encouraged to join the supposedly existing program as quickly as possible, while the “entry threshold is low”, because later the starting amount will be significantly increased. The potential victim is asked to answer several questions and leave contact information. Then the goal of the “personal manager” is to force the person to deposit as much money as possible on the fake platform.

    Be careful: there are no digital ruble investment programs!

    Trust only official sources. All information about the digital ruble is published onon the website of the Bank of Russia.

    The digital ruble of the Bank of Russia is a digital form of the national currency. It is introduced as a means of payments and transfers. Currently, operations with digital rubles are available only to pilot participants – this is a limited circle of bank clients connected to the digital ruble platform.

    The Bank of Russia will additionally announce the launch of the digital ruble into mass circulation.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: The Bank of Russia has revoked the license of a professional participant in the securities market to carry out depository activities of Title Broker Investment Company LLC (11.04.2025)

    Translartion. Region: Russians Fedetion –

    Source: Central Bank of Russia –

    On April 10, 2025, the Bank of Russia decided to revoke the license of a professional participant in the securities market to carry out depository activities issued to the limited liability company Investment Company Title Broker (TIN 9731068071; OGRN 1207700270150) (hereinafter referred to as the Company).

    The basis for making this decision was the violations committed by the Company in the course of its activities in the securities market of special economic measures established by Decree of the President of the Russian Federation No. 138 of 03.03.2023 “On additional temporary economic measures related to the circulation of securities” in accordance with Federal Law No. 281-FZ of 30.12.2006 “On special economic measures and coercive measures”.

    The license expires on April 11, 2025.

    The company is obliged to cease carrying out depository activities in the securities market, with the exception of actions related to the termination of obligations to clients that arose during the implementation of depository activities in the securities market, and to ensure the return of property to clients by August 11, 2025.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV.KBR.ru/Press/PR/? File = 6387999916236321310RKB.HTM

    MIL OSI Russia News

  • MIL-OSI: First Federal Savings Bank and ICBA: Powering Local Communities with Community Banks

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., April 11, 2025 (GLOBE NEWSWIRE) — In honor of Community Banking Month in April, First Federal Savings Bank and the Independent Community Bankers of America (ICBA) are highlighting community bank efforts to power local communities and fuel economic prosperity for Americans nationwide.

    “At First Federal Savings Bank, we apply personalized banking solutions and have a positive impact on the community through contributing to vital causes,” Courtney Schmitt, VP, Marketing Manager at First Federal Savings Bank said. “As a financial provider rooted in the community, we help residents reach their financial goals. We invite you to visit our branches and find out how First Federal Savings Bank can support your unique banking needs no matter what stage of the financial journey you are on.”

    Collectively, community banks give more than 60% of all small-business loans and more than 80% of agriculture loans nationwide and contribute tax dollars that help maintain local municipalities. Community banks:

    • Are favored by small businesses, earning an 81% net satisfaction score compared to 68% for large banks, 62% for finance companies, and 48% for online lenders. 
    • Are committed lenders with loan growth that has outpaced noncommunity banks for a decade.
    • Offer high-touch, high-tech service. This gives consumers access to modern-day conveniences and technical capabilities while maintaining the personal service for which community banks are known.
    • Have a track record in helping under-served Americans by providing greater flexibility to low-income and minority borrowers. Community banks serve 93% of majority-minority communities and 96% of low-income designated counties.
    • Give back to their communities. Civic service is a way of life for community bankers as reflected in ICBA’s National Community Bank Service Awards.

    “Community banks cater to the distinct financing needs of their customers as a cornerstone of their business philosophy, which creates satisfied, life-long relationships,” ICBA President and CEO Rebeca Romero Rainey said. “ICBA takes pride in representing these community-centric servants and prioritizes championing their dedication to empower local communities.”

    For more facts about community banks, click here. Follow the ICBA Community Banking Month conversation on social media with the #BankLocally and #CommunityBankingMonth hashtags.

    About First Federal Savings Bank Member FDIC

    First Federal Savings Bank was established on Evansville, Indiana’s Westside in 1904. A community bank offering eight locations in Posey, Vanderburgh, Warrick, and Henderson County. First Federal Savings Bank is also proud to offer Home Building Savings Bank locations in Daviess and Pike County.

    About ICBA

    The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation’s community banks through effective advocacy, education, and innovation.

    As local and trusted sources of credit, America’s community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers’ financial goals and dreams. For more information, visit ICBA’s website at icba.org.

    The MIL Network

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 11.4.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 11 April 2025 at 6.30 PM (EET)
         
         
    WithSecure Corporation: SHARE REPURCHASE 11.4.2025
         
    In the Helsinki Stock Exchange    
         
    Trade date           11.4.2025  
    Bourse trade         Buy  
    Share                  WITH  
    Amount             15 000 Shares
    Average price/ share    0,8856 EUR
    Total cost            13 284,00 EUR
         
         
    WithSecure Corporation now holds a total of 431 890 shares
    including the shares repurchased on 11.4.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
         
    On behalf of Withsecure Corporation  
         
    Nordea Bank Oyj    
         
    Janne Sarvikivi           Sami Huttunen  
         
         
    Contact information:    
    Laura Viita    
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation    
    Tel. +358 50 4871044    
    Investor-relations@withsecure.com    

    Attachment

    The MIL Network

  • MIL-OSI Banking: Global solar boom leaving Canada in the shade — but federal shift could change sector fortunes

    Source: – Press Release/Statement:

    Headline: Global solar boom leaving Canada in the shade — but federal shift could change sector fortunes

    Fernando Melo, federal director for policy and government affairs at CANREA, an industry body, said Canada has “great solar resources that we are only beginning to harness,” noting that new utility-scale power procurements coming in 2025 in several provinces, including solar-specific auctions in Quebec and Saskatchewan, would help spur deployment of PV plant. Read more.
    The post Global solar boom leaving Canada in the shade — but federal shift could change sector fortunes appeared first on Canadian Renewable Energy Association.

    MIL OSI Global Banks

  • MIL-OSI Banking: Alberta bill enables hydrogen home heating, electricity market remodeling

    Source: – Press Release/Statement:

    Headline: Alberta bill enables hydrogen home heating, electricity market remodeling

    “We promised a zero congestion system, meaning that every generator should be able to get their electricity to market, and that’s not the case anymore,” said Vittoria Bellissimo, the president of the Canadian Renewable Energy Association. Read more.

    The post Alberta bill enables hydrogen home heating, electricity market remodeling appeared first on Canadian Renewable Energy Association.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Senior councillors in Leeds to consider local community services review report

    Source: City of Leeds

    Executive board meeting to be held on Wednesday 23 April

    Senior councillors in Leeds will consider an update report on ongoing work to enhance local community services and maximise the use of council buildings at a meeting later this month.

    At the meeting of the council’s executive board at Civic Hall on Wednesday 23 April, councillors will discuss the report which forms part of the council’s ongoing commitment to continuously assess and review all services to ensure they are being delivered as effectively as possible in the face of ongoing significant financial challenges.

    The report details the current positions regarding ongoing service reviews concerning mental health hubs for adults, Little Owls nurseries and children’s centres.

    Leeds City Council currently manages three buildings delivering mental health day support and another three buildings for people with complex needs. Due to changes in how services are being delivered across the wider community, especially following the pandemic, there is less need for people to attend these buildings.

    At the mental health hubs, nearly half of those receiving support do not access the building and as a result the hubs only open two or three days a week for groups or support sessions, although even on these days the capacity available is not being fully used.

    At the complex needs centres attendance has also been gradually declining, with an average capacity use of 58 per cent since the pandemic.

    To allow these services to be delivered more efficiently and to make better use of the buildings concerned, the council is proposing to move the three mental health hubs into the complex needs centres to become integrated community hubs for adults. There are no proposed changes to the level of support offered to people.

    The complex needs centres offer greater accessibility and are of a good standard and this change would see the Stocks Hill Mental Health Support Hub move to join the Calverlands Complex Needs Centre in Horsforth, Lovell Park Mental Health Support Hub join the Wykebeck Complex Needs Centre, and Vale Circles Mental Health Support Hub join the Laurel Bank Complex Needs Centre in Middleton.

    Consultation has been carried out with service users and stakeholders. Careful planning has also been undertaken to design individualised support to help people transition to the new sites or to other local community locations where services can be delivered.

    The integration of services from six buildings to three would deliver savings of around £500,000 this year, while the vacated buildings at Lovell Park and Vales Circles would be made available for sale for a capital receipt to help the council meet its savings requirement of over £100million this year.

    If executive board approves the proposed change, the mental health hub day services would relocate from next month with the integrated community hubs in full operation from June.

    The report also gives an update regarding the review of Little Owls nurseries and children’s centres. Following a market-sounding exercise undertaken for 12 Little Owls nurseries, the potential delivery through schools or alternative providers is being progressed. Interested parties are engaging in an assessment process which will include considering the need for, or use of, existing buildings. If alternative provision cannot be secured for any of the 12 nurseries, the council will retain and continue to deliver the service itself. This position will be clarified by the end of July.

    On children’s centres, the report details the timeline for proposals to improve the range, effectiveness and integration of services at the 56 centres managed by Leeds City Council or partners. Consultation will be undertaken in the summer with all interested parties, and a report on future proposals is expected to be considered by the executive board in September.

    The changing role of community centres is also explained in the report, broadening their remit to offer an increasingly wide range of services and support for all ages and becoming multi-use community spaces rather than just buildings, enabling them to be accessed more fully by the wider community.

    Community asset transfers are also being considered as an option for some community buildings where it is considered appropriate and with viable interest in them being run and managed at a local level.

    The council-managed Leeds libraries service continues to offer an increasing range of services, while the report also outlines the potential for leisure centres to also host additional services offering greater flexibility to their local communities.

    Leeds City Council deputy leader and executive member for resources Councillor Debra Coupar said:

    “The council is firmly committed to continuously reviewing all our services, and how and where they are delivered to ensure they are effective and meeting the needs of residents and the communities they serve.

    “Where we can make changes to improve the quality, range and accessibility of our services and to make them more integrated it makes sense to do that, while also helping to make sure our buildings and estate are being well used, maintained and are welcoming environments for people of all ages to want to use and visit.

    “Our proposed change to mental health day support provision will provide a transformative boost, with the integrated community hubs for adults bringing services and people together under one roof and all the associated benefits that synergy entails. We are committed to doing everything we can to make the transition as smooth as possible, while also being able to dispose of underperforming buildings to help with the significant financial challenge we face this year.”

    To see the report being considered by the executive board visit Council and democracy (item 9).

     

    ENDS

     

    For media enquiries please contact:

    Leeds City Council communications and marketing,

    Email: communicationsteam@leeds.gov.uk

    Tel: 0113 378 6007

     

    MIL OSI United Kingdom

  • MIL-OSI United Nations: Gaza: UN rights office condemns Israeli buffer zone plan

    Source: United Nations 2

    Peace and Security

    The UN human rights office said on Friday it fears that Israel may intend to permanently remove civilians in Gaza as part of an expanded buffer zone, amid evacuations orders and escalating bombardment.

    Hostilities in the Gaza Strip resumed mid-March following the collapse of the ceasefire and Israel’s border closure.

    As it enters its sixth week, the denial of aid into the enclave has left more than 2.1 million Gazans trapped without access to food, drinking water, and basic services.

    Israel in recent weeks has ramped up its attacks on civilian infrastructure such as  residential buildings and camps, leaving many more dead or missing under the rubble.  

    Between March 18 and April 9, Israeli forces have struck housing and tents for internally displaced people (IDPs) on 224 occasions during 36 separate strikes, according to the UN rights office, OHCHR.  

    ‘Forcible transfer’

    Ms. Shamdasani also highlighted the growing trend in attacks against media workers, reporting that at least 209 journalists have been killed in Gaza since the deadly Hamas-led terror attacks of October 2023, as Israel continues to deny international media entry into the Strip.

    The OHCHR spokesperson acknowledged that the temporary evacuation of civilians in certain areas can be legal, under strict conditions.

    But “the nature and scope of the evacuation orders raises serious concerns that Israel intends permanently to remove the civilian population from these areas in order to create a so-called buffer zone”, she said.  

    Permanently displacing the civilian population within occupied territory amounts to forcible transfer, which is a grave breach of the Fourth Geneva Convention and a crime against humanity.”

    War crimes

    Combatants need to demonstrate compliance with the rules of war, particularly the principles of distinction – meaning defenceless civilians should not be targeted – as well as proportionality and precaution.

    Intentionally directing attacks against civilians not taking a direct part in hostilities constitutes a war crime, further compounding the desperate conditions for Palestinian civilians,” Ms. Shamdasani said.

    OHCHR has also repeatedly warned that collective punishment and the use of starvation of the civilian population as a method of war, constitute crimes under international law.

    Ms. Shamdasani also stressed that her office was “seriously concerned that Israel appears to be inflicting on Palestinians in Gaza, conditions of life increasingly incompatible with their continued existence as a group”.

    © WHO

    Women wait to receive food at a distribution point in Gaza City.

    Supplies pile up

    With stocks of drugs sharply declining, medicines and other essential supplies have been piling up at the shuttered border crossings.  

    Almost 36 million tons of supplies in Dubai are on standby for entry into the enclave, according to Dr. Rik Peeperkorn, World Health Organization Representative (WHO) for the West Bank and Gaza.

    Medical evacuations for patients in need of urgent treatment have slowed significantly. Likewise, the number of international emergency medical teams deployed has dropped, depriving hospitals of the help they crucially need, “because the caseload is immense”, Dr. Peeperkorn stressed.

    “We urgently call for the immediate resumption of medical evacuation through all possible routes, particularly restoring the medical referral pathway to the West Bank and Jerusalem.” 

    MIL OSI United Nations News

  • MIL-OSI Africa: International Monetary Fund (IMF) and Seychelles Reach Staff-Level Agreement on the Fourth Reviews Under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) Arrangements

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

    WASHINGTON D.C., United States of America, April 11, 2025/APO Group/ —

    • IMF staff and the Seychellois authorities have reached a staff-level agreement on the fourth reviews under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. Approval of the reviews by the IMF’s Executive Board would release financing of SDR 10 million, equivalent to $13.4 million.
    • The government has made strong progress in implementing policies under the EFF and RSF programs. All quantitative targets for the fourth reviews have been met. Good progress has been made on a range of macro-structural issues.
    • Seychelles’ economic outlook is generally stable, but downside risks have increased. Given vulnerability to changes in tourist spending, international commodity prices, and transport costs, continued fiscal prudence and close monitoring of economic and financial indicators is recommended.

    An International Monetary Fund (IMF) mission, led by Mr. Todd Schneider, conducted discussions with the Seychellois authorities in Victoria from March 31 to April 11, 2025, and reached a staff-level agreement on the fourth reviews under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. This agreement is subject to approval by the IMF’s Executive Board. Approval would release financing of SDR 10 million, equivalent to $13.4 million.

    At the end of the mission, Mr. Schneider issued the following statement:

    “The authorities continue to make progress in implementing the EFF-supported program. All end-December 2024 quantitative performance criteria under the program were met. Structural reforms related to improving the transparency of tax policy, enhancing monetary policy operations, and strengthening the effectiveness of the anti-money laundering and combatting the financing of terrorism (AML/CFT) regime were completed.

    “Real GDP growth for 2024 is estimated at 2.9 percent. Total tourist arrivals increased by only 0.5 percent, and tourist earnings declined by 6.9 percent. Growth in other sectors of the economy was generally moderate, apart from agriculture, information and communication, and financial services. Real GDP growth is expected to reach 3.2 percent in 2025 but is subject to downside risks given recent global economic developments.

    “Fiscal performance in 2024 was tighter than budgeted. The government’s primary fiscal surplus rose from 1.7 percent of GDP in 2023 to 3.2 percent in 2024. Tax and other revenues were slightly lower than earlier forecasts, but government expenditures were substantially lower than expected. The underspend was spread across budget lines but was highest with respect to capital projects, reflecting diversion of government planning resources to emergency reconstruction in the first part of the year and delays in several projects due to design and procurement issues. For 2025, the government is expected to achieve a primary fiscal surplus of 1.2 percent of GDP as budget execution improves.

    “The 2024 external current account position was stronger than expected due largely to lower than expected imports as some foreign financed projects did not materialize. The Central Bank of Seychelles (CBS) was able to increase gross foreign exchange reserves to $774 million, equivalent to 3.8 months of imports of goods and services. Looking ahead, a modest deterioration of the external account is expected in 2025. Tourist arrivals and earnings are projected to cool in the second half of the year but will be partially offset by lower international oil prices. On balance, this should allow the CBS to maintain central bank foreign exchange reserves over $800 million in 2025, raising import cover to the equivalent of 3.9 months.

    “The CBS has maintained a broadly accommodative monetary policy, facilitating a steady increase in the growth of private credit. Inflation remains low and is projected to remain below 2 percent in 2025. The CBS will need to monitor developments closely in coming months and be ready to adjust policy rates if needed. CBS will also continue to strengthen Seychelles’ monetary policy framework and bolster financial sector supervision.

    “The authorities are committed to bolstering governance. The Public Enterprise Monitoring Commission—through an independent audit firm—will complete governance and performance assessments of six key public enterprises by end-year. The 2025 budget contained an estimate of foregone revenue from tax expenditures (such as exemptions, deductions, and reduced rates). The government also continues to improve the transparency of the beneficial ownership database and ensure the accuracy of collected information.

    “With respect to climate change mitigation and adaptation, the authorities are advancing reform measures agreed under the RSF. Measures related to the current review focused on assessing and reporting on climate related risks in the banking sector, adopting a disaster risk financing strategy, and steps to facilitate the scaling up of renewable energy.

    “The team thanks the Seychellois authorities for the open dialogue and close collaboration. Meetings were held with President Ramkalawan, Vice President Afif, Governor of the Central Bank of Seychelles Abel, and other senior government officials as well as representatives of the private sector.”

    MIL OSI Africa

  • MIL-OSI: Orange Bank & Trust Company Promotes David Dineen to Executive Vice President, Managing Director of Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., April 11, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Company, an economic engine of New York’s business community for more than 132 years, announced that David Dineen has been promoted to Executive Vice President, Senior Managing Director of Wealth Management.

    Dineen joined Orange Bank & Trust in 2022 as Senior Vice President and Director of Wealth Services, successfully overseeing the trust and private banking divisions. As Senior Managing Director of Wealth Management, he is responsible for leading the asset management, trust, and private banking offerings under the umbrella of Orange Wealth Management.

    “David’s deep expertise in the wealth management industry, strategic vision, and commitment to our clients’ financial success is invaluable as we continue to expand our offerings through Orange Wealth Management,” said Michael Gilfeather, Orange Bank & Trust Company President and CEO.

    Dineen has more than 35 years of banking industry experience, including positions with The Bank of New York, Commerce Bank, North Fork Bank, Bankwell Financial, and Capital One Bank. He graduated from Saint Joseph’s College with a B.A. in Business Administration.

    “With Orange Wealth Management, we can offer our entrepreneurial clients a comprehensive solution that integrates investment guidance, estate planning, and personal banking services. I look forward to working with our team to continue to grow this area of our business and meet the evolving needs of our clients,” said Dineen.

    About Orange Bank & Trust Company  
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, and wealth management services. For more than 132 years, Orange Bank & Trust Company has been an economic engine of the community, with approximately $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, facilitating region-defining developments, and maximizing investments to neighborhood-serving non-profits.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d5e90d0-9344-4c3b-b332-dc09b6a0651d

    The MIL Network

  • MIL-OSI: Hanmi Financial Corporation Announces First Quarter 2025 Earnings and Conference Call Date

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 11, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report first quarter 2025 financial results after the market close on Tuesday, April 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.

    Investment professionals and all current and prospective shareholders are invited to access the live call on April 22 by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using access code “Hanmi Bank”. To listen to the call online visit the investor relations page of Hanmi’s website at www.hanmi.com. The webcast will also be available for replay approximately one hour following the call.

    About Hanmi Financial Corporation
    Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices and three loan centers in California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

    Contact
    Romolo (Ron) Santarosa
    Senior Executive Vice President & Chief Financial Officer
    213-427-5636

    Lisa Fortuna
    Investor Relations
    Financial Profiles, Inc.
    310-622-8251

    Source: Hanmi Bank

    The MIL Network

  • MIL-OSI Russia: You have the floor, Eduard Tiktinsky: Polytechnic graduate wishes students to surpass themselves

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    Over the year and a half of the existence of the discussion club “You have the floor!” many interesting people have become its guests. But it is especially pleasant when such a guest is not just a successful and bright person, but also a graduate of the Polytechnic University. So, the eleventh hero of the project was the founder and chairman of the board of directors of the RBI Group Eduard Tiktinsky.

    Eduard Saulevich graduated from the economics department of the Leningrad Polytechnic Institute and the advanced courses in economics and privatization of the European Bank for Reconstruction and Development. His company is engaged in development activities in the field of residential and commercial construction. More than 80 projects have been implemented.

    Eduard Tiktinsky is an honorary builder of Russia, recipient of the Order of Merit in Construction, member of the Board of Trustees of the World Club of Petersburgers, initiator and ideological inspirer of the social project for talented youth “School of Leaders of the Future”, holder of the title “Expert of the Year” in the nominations “Expert in Business and Innovation” (2017) and “Expert in Education” (2021). In 2024, he entered the top 50 most famous people in St. Petersburg according to Sobaka.ru magazine. According to the Person 2024 rating from RQ Index and Urban, he is the first in management efficiency among CEOs of development companies in Russia.

    At the meeting at the Polytechnic, Eduard Tiktinsky thanked the organizers for the opportunity to speak to students and emphasized that his goal was not to limit himself to a simple dialogue, but to convey to the audience truly valuable knowledge that could help them in the future.

    This is what Eduard Tiktinsky said.

    On the influence of parents

    — My parents gave me a lot of freedom of choice and independence. From an early age I understood that I had to rely on myself, and I started earning money at 19. My parents also gave me a good education: I studied at an English school, then, until the 8th grade, at an English boarding school in Pushkin, and the 9th and 10th grades — at a good physics and mathematics school. As a child, I didn’t say that I would be an entrepreneur, because there was no such profession in the USSR, but I dreamed of becoming a lawyer, it seemed to me that it was such a competitive independent profession.

    About student life at the Polytechnic

    — When I was studying, it was a completely different era. Interesting, with a lot of challenges. It implied a lot of opportunities and an empty market that was slowly filling up, and the window of opportunity was slowly closing. So I will honestly say that I spent little time at the Polytechnic. Only in the first year, and then I came to take exams. And at the same time I studied at advanced training courses held by the European Bank for Reconstruction and Development, it was a high level and a powerful impetus.

    And now times have changed, and the university years seem extremely important to me. For you, student years are a period of establishing social connections, refining some hypotheses, an opportunity to try and figure out what you want. Plus an element of a carefree life.

    About starting a business in the 90s

    — The vast majority of entrepreneurs who started their activities in the late 80s — early 90s will not tell you that it was a difficult period. It was a romantic period, a time of a free market, weak competition, where many things had to be built from scratch: inventing new schemes, literally creating industries — it was an interesting challenge. And the most difficult thing — and nothing has changed here today — is to go through your own crises. Everyone faces them, but if you are an entrepreneur, then your crises, as a rule, concern not only you, but also your business and the people you are responsible for. My crises were difficult, but useful, they gave the greatest impetus for further development. When you cope with this, you seem to be renewed, you become a little — or not a little — a different person.

    On how to choose your path

    — I am often asked: how to determine what to do in the future? I used to answer that you need to get to know yourself as early as possible, understand how you are structured, where your strengths are, where your weaknesses are — developmental books, various courses, psychology can help with this. And once we answered this question together with the outstanding world entrepreneur Len Blavatnik, and he said: you need to try a lot. He spoke about his experience, and he is also right. I had no forks or doubts about which path to choose, but if they are, then you need to try a lot.

    On the difficulties of development activities in a museum city

    — Now that we have dozens of cultural heritage sites behind us, there are no such difficulties. In our work, we need to be open, tell people about our completed projects — this creates trust and the opportunity to have a constructive dialogue with urban conservationists. I think that “urban conservationist” is a good word, for example, Mikhail Borisovich Piotrovsky is an urban conservationist, he and the “World Club of Petersburgers” helped us a lot when we were restoring the Levashovsky Bakery and building our Futurist facility on Barochnaya Street and Levashovsky Prospekt. But it can be difficult to negotiate with those people who only call themselves urban conservationists: they often do not accept any arguments, they simply implement their request for aimless social activity. But we love our city, what we do is our life’s work, this is why we came to this world.

    About digital products and artificial intelligence

    — For the development business, AI projects are still secondary things. But we don’t realize how quickly the world will change. As a physicist friend of mine used to say: At bifurcation points, all events happen much faster. We are at such a point now, and if we talk about key industries, then in the “robotics and artificial intelligence” bundle, the world will change very soon and very much. We still need to “pump up the muscle”, track everything that appears, and teach people to use these tools.

    About a place of power and living life to the fullest

    — My place of power now is the Central Park of Culture and Leisure. I hold meetings with colleagues and friends there, we walk and discuss things. Another place of power is the dacha. Whatever you do, it is important to live a full life: diverse, complex, multi-component. A person can achieve unrealistically great success by doing only one thing. But will such a person be happy? I have big doubts. It is very important to devote time to loved ones, communicate with friends, attend cultural events, play sports — this is what I call living to the fullest.

    About sources of inspiration and energy

    — I get my inspiration from the fact that I love my job very much. I try to do only what I like, what gives me strength and energy. And I am proud of what we do, although we are far from perfect. We measure customer loyalty, the willingness to recommend us, at six stages: buying an apartment, waiting, moving in, renovation, living up to five years, and living after five years. And at the living stage, the loyalty index drops because various everyday difficulties arise. And we get upset if something is not good enough, we try to improve: in the Futurist house, some residents are unhappy with the size of the gym, in our next house “MIR” the gym will be twice as big.

    On the solution to the problem of the “gray belt” of St. Petersburg

    — The “Grey Belt” is a serious conceptual project. There should be an understanding of how much the enterprises there can be modernized, how environmentally neutral they are, whether they can be left in a residential area. And if so, then that’s great, because we need short “transport shoulders”, we don’t need people to go one way in the morning, and then drive kilometers in the other direction in the evening, get stuck in traffic jams. Housing, production, and recreation areas need to be connected.

    On the “excellent strategy” of real estate sales, or how the company plans to stand out from other developers

    — I like your expression “excellent strategy”. Our strategy as premium developers is an outstanding product and outstanding service. When you come to us to buy an apartment, in our sales department you find yourself in an atmosphere of beauty, exquisite aromas, jazz music. You are treated to craft coffee and an exclusive dessert. One of our regular customers recently came to us again to buy an apartment, and he was offered a cheesecake, and he remembered that a year ago he was treated to some unforgettable golden eclairs. And he was a little upset that they were not available today. Then colleagues contacted the manufacturer of these eclairs, found out that they were no longer making them, but somehow agreed to make us a few as an exception. And they delivered a box of golden eclairs to the client in the evening. This is what I call outstanding service. Doing everything for the client and a little more, exceeding expectations.

    At the end of the meeting, Eduard Tiktinsky was traditionally presented with a branded Lepota project T-shirt with number 11. Now we have a full football team, joked the host of the meeting, the head of the news portal department, Evgeny Gusev. And on the second T-shirt, which remained at the Polytechnic, the hero of the evening left an autograph and, apparently inspired by the last question, the following wish: “Become better than yesterday.”

    Photo archive

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Africa: African Development Bank Group Annual Meetings 2025 to focus on harnessing Africa’s capital for continent’s development

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

    ABIDJAN, Ivory Coast, April 11, 2025/APO Group/ —

    The African Development Bank Group’s (www.AfDB.org) 2025 Annual Meetings next month will take a deep dive into how Africa can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariffs in a complex geopolitical landscape, the institution’s Secretary General and Chief Economist said on Wednesday.

    Prof. Vincent Nmehielle, Secretary General of the African Development Bank Group and Prof. Kevin Urama, Chief Economist and Vice President for Economic Governance addressed journalists at the traditional press briefing which takes place ahead of the institution’s annual meetings.

    The hybrid meeting took place at the Bank’s headquarters in Abidjan and online, with the participation of over 100 representatives of news organisations worldwide.

    Nmehielle, speaking in his capacity as Secretary to the respective Boards of Governors of the Bank and the African Development Fund as well as the Boards of Directors, said the meetings would take place from the 26th to the 30th of May 2025, at the Sofitel Abidjan Hotel Ivoire in Abidjan, Côte d’Ivoire.

    The Secretary General ran through the objectives and the agenda of the annual meetings and noted that a key session would be the election of the next president of the Bank, following the end of the 10-year term of current president, Dr Akinwumi Adesina.

    The new president would be selected out of five candidates from five African countries, by the Bank Group’s 81 governors through a double majority—50 plus one percent of the vote of all the 81 shareholders and 50 plus 1 percent of the regional member countries. The new president would be sworn in on 1st September, Nmehielle said.

    Harnessing Africa’s capital for its development needs

    Speaking on the theme of this year’s annual meetings: “Making the Most of Africa’s Capital to Foster Its Development,” Urama said the focus was clear—harnessing better what Africa has already to drive development in Africa, through its rich fiscal, human capital, natural and business capital.

    Discussion with heads of state, ministers, civil society, experts and the bank’s development partners during the four major knowledge events, as well as a presidential dialogue, would ensure a thorough dissection of the theme of this year’s meetings and concrete proposals to address the how of what needs to be done, Urama said.

    The African Development Bank’s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape, debt burdens and resource mobilisation to assist African countries to build effective institutions, he added.

    Journalists asked questions on topics ranging from ongoing trade tariffs imposed by the United States, the loss of USAID financing and procedural questions on the election of a new president for the African Development Bank.

    Urama noted that a point raised about trade wars aligned well with the overall theme of this year’s conference—making Africa’s capital work better for Africa’s development—and that discussions would look at business capital, including issues around tariffs.

    “The impact of trade tariffs on economies are well known, but also it depends on how countries respond to the domestic policies of those with whom they trade,” Urama said, adding that this subject would be dealt with in the report as he extended an invitation to journalists to attend.

    Nmehielle said dwindling aid and higher tariffs should encourage Africans to look inward for their solutions.

    “Africa’s capital should work for Africa, tell our leaders that they have to look inward and let our capital work for Africa,” he told the journalists.

    Media partners can help tell Africa’s development story

    Both leaders urged journalists to tell the continent’s development story in a clear and unbiased manner with a focus on facts and not just the negatives. “Narratives matter and you are the best people to create positive narratives… Africa has enough… let’s not bemoan the decline in aid… let’s focus our narrative on what Africa can do,” Urama said.

    “You as journalists are a part and parcel of making our institution’s work. The whole essence of your work is also about accountability,” Nmehielle said urging journalists to call out institutions for not working. “You can help exposing inefficient institutions … it’s the responsibility of everyone,” Nmehielle said.

    African Development Bank president Adesina has been highly critical of the “Africa premium” that countries pay when accessing capital markets, despite data showing that Africa’s default rates are lower than those of other regions. He has made repeated calls for an end to this risk perception, which he said leads to higher borrowing costs for African nations.

    During the Annual Meetings of the African Development Bank Group, its Boards of Governors, as the highest decision-making and oversight organs of the Bank and the Fund, review the annual report on the finances, operations and other activities of the Bank and the Fund during the preceding financial year.

    Watch the recording of the press conference here (https://apo-opa.co/42syjVR) for anything you missed.

    More information about the 2025 Annual Meetings is available here https://apo-opa.co/3GidCV1.

    MIL OSI Africa

  • MIL-OSI China: China to reinforce financial support for sports industry

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

    BEIJING, April 11 — China will continue to beef up financial support for the sports industry in a bid to promote high-quality development of the sector, according to a guideline jointly issued by four government departments.

    The document, jointly issued by the People’s Bank of China, the General Administration of Sport and other departments, proposes 16 specific supportive measures, including increasing financial support for the construction of sports infrastructure, and the development of sports venues, ice and snow sports facilities, and outdoor sports destinations.

    China will reinforce financial supply for the manufacturing of sports goods, leverage the financial sector’s role in promoting sports consumption and improve financial services to empower the ice and snow economy, according to the guideline.

    Efforts will also be made to forge diversified financial services for sports industry, including leveraging the financing role of bonds market and enhancing the insurance sector’s coverage for the sports industry, the guideline stated.

    MIL OSI China News

  • MIL-OSI: Guaranteed Rate Affinity Celebrates National Operations Day, Honoring EVP Jaime Joyce and the Team Behind Its Seamless Loan Process

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 11, 2025 (GLOBE NEWSWIRE) — Guaranteed Rate Affinity, a leading mortgage provider offering unparalleled lending services through its exclusive partnership with Coldwell Banker, is recognizing National Operations Day by celebrating the backbone of its business: its Operations team, led by Executive Vice President Jaime Joyce.

    Joyce has been with Guaranteed Rate Affinity since its inception in 2017 and was named EVP of Operations in 2024. Under her leadership, the company’s operations team has consistently delivered on its promise to make the mortgage process easier for borrowers, agents, and loan officers alike.

    That promise is backed by results. In the past year alone, 623 customer surveys included the word “easy” to describe their experience with Guaranteed Rate Affinity—a testament to a process that is as efficient as it is dependable.

    “Jaime’s leadership and passion for the business are a key part of our growth and success,” said David Dickey, President and CEO of Guaranteed Rate Affinity. “Putting members first is one of our core values, and she lives that daily. I’m incredibly proud of the work her team does to deliver a consistently exceptional experience for our clients.”

    On April 11, Guaranteed Rate Affinity will mark National Operations Day with company-wide recognition and social media content highlighting its message: “We make the mortgage process easy.” The celebration acknowledges the people and processes that power one of the most streamlined lending experiences in the industry.

    About Guaranteed Rate Affinity

    Guaranteed Rate Affinity is a joint venture between Guaranteed Rate, Inc. and Anywhere Integrated Services (NYSE: HOUS), which owns some of the industry’s most recognized and respected real estate brands. The innovative JV has funded over $100 billion in loans since its inception. Guaranteed Rate Affinity originates and markets its mortgage lending services to Anywhere’s real estate, brokerage, and relocation subsidiaries.

    Guaranteed Rate Affinity provides unmatched support to Anywhere brokers coast-to-coast, ensuring their customers receive fast pre-approvals, appraisals, and loan closings, creating the ability for buyers to move quickly and confidently when purchasing homes in today’s competitive market. The company also provides the same services to the public and other real estate brokerage and relocation companies across the country—helping employers improve their employees’ relocation experience by prioritizing customer service, digital mortgage ease, and competitive rates.

    Guaranteed Rate owns a controlling 50.1% stake in Guaranteed Rate Affinity, and Anywhere owns 49.9%. Visit grarate.com for more information.

    Media Contact:
    press@rate.com

    The MIL Network

  • MIL-OSI: First Bancshares, Inc. Announces Operating Results for Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN GROVE, Mo., April 11, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended March 31, 2025.

    For the first quarter of 2025, the Company reported after-tax net income of $1,692,000 or $0.71 per share-diluted compared to $1,653,000 or $0.68 per share-diluted for the same period in 2024. Net income for the first quarter of 2025 represents an after-tax return on average assets of 1.26% and an after-tax return on equity of 11.19%. The Company has again effectively overcome stubborn inflationary pressures on non-interest expenses by building net interest margin to 4.50%, reducing cost of funds to 1.80%, and increasing yield on earning assets to 6.34%.

    Since March 31, 2024, consolidated total assets decreased $7.1 million to $532.4 million through a $26.4 million outflow of cash and cash equivalents, most of which was deployed into an additional $19.2 million in loans receivable. Total deposits decreased $14.0 million to $464.1 million, and stockholders’ equity increased $6.2 million to $61.4 million, boosted by a reduction in the unrealized loss position on the Bank’s miniscule available for sale securities portfolio.

    During the first quarter of 2025, the Bank continued a trend of funding operations through core deposits, preserving robust earnings ratios, maintaining stellar asset quality, and strengthening of tier 1 capital to over 11% through organic means. During one of the most tumultuous economic periods in recent history, the Company is equipped to take advantage of opportunities as they arise in 2025.

    The Bank meets all regulatory requirements for “well-capitalized” status.

    About the Company

    First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.

    Cautionary Note Regarding Forward-Looking Statements

    The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

    These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

    The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

    Contact: Robert M. Alexander, Chairman and CEO – (719) 955-2800

     
    First Bancshares, Inc. and Subsidiaries
    Financial Highlights
    (unaudited)
    (In thousands, except per share amounts)
                   
                   
          Quarter Ended   Quarter Ended   Quarter Ended
          March 31,   December 31,   March 31,
          2025   2024   2024
    Operating Data:            
                   
    Total interest income   $ 7,965   $ 8,161   $ 8,141
    Total interest expense   2,310   2,398   2,798
      Net interest income   5,655   5,763   5,343
    Provision for credit losses   178   241   202
      Net interest income after provision for credit losses   5,477   5,522   5,141
    Gain (loss) on sale of investments      
    Non-interest income   360   403   377
    Non-interest expense   3,584   3,711   3,323
    Income before taxes   2,253   2,214   2,195
    Income tax expense   561   495   542
      Net income   $ 1,692   $ 1,719   $ 1,653
                   
      Earnings per share   $ 0.71   $ 0.71   $ 0.68
                   
          At   At   At
          March 31,   December 31,   March 31,
    Financial Condition Data:   2025   2024   2024
                   
    Cash and cash equivalents   $ 56,606   $ 68,570   $ 82,987
      (excludes CDs)      
    Investment securities   13,338   13,066   12,959
      (includes CDs)      
    Loans receivable, net   431,933   423,657   412,692
    Goodwill and intangibles   1,479   1,515   1,622
    Total assets   532,413   537,885   539,520
    Deposits   464,064   472,596   478,037
    Repurchase agreements   1,300   1,084   1,357
    Borrowings      
    Stockholders’ equity   61,402   59,562   55,216
    Book value per share   $ 25.29   $ 24.53   $ 22.74
                       

    The MIL Network

  • MIL-OSI: mcl finance and Shawbrook Bank partnership renewed and increased by 50%

    Source: GlobeNewswire (MIL-OSI)

    LONDON, April 11, 2025 (GLOBE NEWSWIRE) — mcl finance has announced the renewal and expansion of its partnership with Shawbrook.

    Shawbrook Bank, a UK-based specialist lender and savings provider, has renewed its senior debt facility with mcl finance. This renewal builds on a partnership that, since December 2022, has provided access to credit for over 1,000 UK SMEs.

    mcl finance was founded by CEO Dovi David in 2019 and has successfully scaled, with the business consistently doubling in size year on year, due to its investment in proprietary tech, credit risk profiling and product development. The growth trajectory involves increased deal flow, international expansion, and continuous product innovation — all supported by the facility’s expansion.

    As a testament to the strong underlying performance of the book and the ongoing success of the relationship, the renewal sees increases in the advance rate, borrowing base and overall facility size.

    Liam McGall, Associate Director of Speciality Finance at Shawbrook, said: “mcl provide fast and flexible finance options for the underserved SME market and continue to go from strength to strength in this market. The growth demonstrated since our relationship commenced in 2022 in all aspects is a key driver for our continued support.

    “At Shawbrook, we pride ourselves on supporting existing businesses to reach their growth potential by constantly improving our funding lines, with this increase to mcl an example. We are excited to watch their continued success.”

    Joseph Tucker, CFO at mcl finance, said: “We are committed to supporting the SME sector by making access to finance faster and smoother. The expansion of the funding line with Shawbrook will allow us to do exactly that, as we continue to innovate and find smarter ways to provide working capital to businesses. We value our relationship with the Shawbrook team and appreciate their continued support and belief in our vision as we go to market with a shared growth ambition.”

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/96ef31eb-0102-4091-9af7-48ff2877fe3f

    The MIL Network

  • MIL-OSI: Ring Energy Provides Board of Directors Update

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, April 11, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an update concerning its Board of Directors (the “Board”), including the retirement of Ms. Regina Roesener effective April 14, 2025 and the appointment of Ms. Carla Tharp to the Board effective April 14, 2025 who will serve as an independent Director.

    Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “It has been a pleasure to work closely with Regina as a fellow Director. She joined our Board in 2019 and her financial markets and board governance experience was greatly valued. On behalf of the entire Board, I want to thank Regina for the strong strategic guidance and oversight she consistently provided in support of Ring’s stockholders, and we wish her all the best in retirement.”

    About Ms. Carla Tharp

    Ms. Tharp is the CEO of Apoyar Energy, an upstream oil and gas exploration and production company focused on international assets. She most recently served as President of C.T. Tharp & Co., an independent consulting firm concentrating on global acquisitions and divestitures. Ms. Tharp served in multiple key positions at APA Corporation (formerly Apache Corporation) from 2020 through 2023 leading multi-disciplinary teams, including as Vice President of New Business & Commercial, Vice President of Corporate Development, and Vice President of Reserves. Prior to Apache, she served as Managing Director of Energy Investment Banking at Raymond James Financial, Inc., as well as Director of Acquisitions and Divestitures at Citigroup Inc. and Lantana Energy Advisors. Ms. Tharp graduated from Texas A&M University with a Bachelor of Science in Petroleum Engineering before working as a reservoir engineer in transactions and reserves reporting, senior and mezzanine debt finance and in a private equity portfolio company. She is a licensed professional engineer in Texas and has held Series 79 and 63 FINRA licenses.

    Mr. McKinney concluded, “We look forward to Carla’s contributions to the Board as she brings an extensive and impressive technical and financial background in the upstream oil and gas business that complements the skills and expertise of our other Directors. Her proven multi-decade track record of sourcing, evaluating, and executing significant organic and external value-enhancing opportunities will prove invaluable as Ring continues to execute its proven strategy designed to further position the Company for long-term success.”

    ABOUT RING ENERGY, INC.

    Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

    SAFE HARBOR STATEMENT

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects, regarding the composition of the Company’s board of directors, and the expectation that Ms. Tharp will help Ring execute its strategy designed to further position the Company for long-term success. The forward-looking statements include the Company’s ability execute its proven strategy designed to further position the Company for long-term success. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

    CONTACT INFORMATION

    Al Petrie Advisors
    Al Petrie, Senior Partner
    Phone: 281-975-2146
    Email: apetrie@ringenergy.com

    The MIL Network

  • MIL-OSI Africa: Afreximbank commissions first-of-its-kind African Trade Centre in Abuja, Nigeria – marking a new era for Intra-African trade

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

    ABUJA, Nigeria, April 11, 2025/APO Group/ —

    Multilateral Bank African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has officially commissioned its first Afreximbank African Trade Centre (AATC) today in Abuja, Nigeria, ushering in a transformative era for trade and investment in Africa.

    During the grand commissioning ceremony, speakers, including Hon. Dr. George Akume, Secretary to the Government of Federation, Nigeria representing H. E. Bola Ahmed Tinubu GCFR, President and Commander-in-Chief of the Armed Forces, The Federal Republic of Nigeria, highlighted the AATC’s strategic importance, its pivotal role in shaping Africa’s economic future and the significant impact it is poised to make on Africa’s trade and investment landscape.

    Speaking at the Ceremony, Dr. Akume stated, “Afreximbank African Trade Centre (AATC) is a landmark project that embodies our shared commitment to advancing Intra-African Trade, fostering economic integration and unlocking a vast potential of our continent. This occasion is a realisation of a bold vision for Africa’s economic future. AATC stands as a testament to the power of collaboration, resilience and forward-thinking leadership. It is more than a physical structure; it is the beginning of innovation, a hub for entrepreneurship and a catalyst for sustainable development.

    He added, “This centre will serve as a critical platform for trade facilitation, capacity building and investment promotion – key pillars of Africa’s economic transformation. Afreximbank’s role in shaping Africa’s trade landscape cannot be overstated because the institution has consistently demonstrated its commitment to breaking down barriers, bridging financing gaps and empowering African businesses to be competitive. All these have been accomplished through flagship projects such as the AfCFTA adjustment fund that is managed by Afreximbank’s subsidiary, Fund for Export Development in Africa (FEDA), PAPSS and other Trade Finance Programmes. The AATC located in Abuja represents yet another milestone in this journey and this aligns perfectly with Nigeria’s strategic priorities under the Federal Government’s eight-point agenda, particularly in the areas of job creation, economic diversification, and regional integration. As we commission this remarkable edifice today, let us renew our resolve to be the stronger, more interconnected and prosperous Africa.”

    Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, echoed this sentiment, remarking, “The Abuja AATC is the first of several AATCs being developed across Africa and the Caribbean. Some would be Afreximbank owned while others would be supported through a franchise-scheme. With these, we expect to create a sizeable network of AATCs that will act as the lighthouses to guide the interconnections and flow of trade and investments within continental Africa and between Africa and Caribbean regions. This AATC Abuja has been a 41-month journey, one built on hope and determination. Like the other AATCs, the Abuja AATC would serve a multi-purpose goal; it will serve as a platform for fostering deeper regional and continental integration and house Afreximbank’s permanent regional office, bringing a three-decade-old aspiration to fruition. This AATC will also offer a technology incubation hub, an SME incubation facility, a Digital Africa Trade Gateway, a conference and exhibition facility and a business hotel.”

    Prof. Orama thanked the Federal Government of Nigeria for its support noting that the relationship between the Bank and Nigeria has been truly mutually beneficial and most cordial. “Over the last three decades, successive governments have accorded unflinching support to Afreximbank, responding most positively to capital calls, creating a congenial environment for its smooth operations while providing the Bank significant domestic policy support that helped to execute many of the development programmes in Nigeria.” He said.

    With the opening of the Abuja AATC, Afreximbank continues its mission to promote intra-African trade and investment opportunities, laying the groundwork for a more prosperous and integrated African economy.

    Over 500 distinguished guests attended the commissioning ceremony, notably, Hon. William F. Duguid, J.P. Senior Minister, Prime Minister’s Office, Republic of Barbados, Hon. Sylvester Grisby, Minister of State for Presidential Affairs, Liberia, Hon. Adebayo Olawale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria and his counterpart, Hon. Dr. Jumoke Oduwole MFR, Minister of Trade and Investment, Federal Ministry of Trade and Investment, Nigeria as well as Nigeria’s former Vice President Hon. Namadi Sambo. Hon. Bockaire Kalokoh, Deputy Minister of Finance of Sierra Leone and Hon. Sheilla Chikomo, Deputy Minister Foreign Affairs and International Trade, Zimbabwe represented their respective countries. The event was also well attended by business leaders led by billionaire entrepreneur Mr. Aliko Dangote, Founder and Chief Executive of the Dangote Group, Mr Tony Elumelu, Chairman of Transcorp Group, policymakers, pan-African CEOs, and entrepreneurs.

    Their presence showcased a shared vision and determination to enhance trade across Africa, as they pledged to work together to leverage the AATC for the continent’s economic transformation.

    The Abuja AATC comprises two interconnected nine-storey towers. One tower features world-class commercial A-grade office spaces, a trade and exhibition centre, a conference centre, a technology and SME incubator, a Digital Trade Gateway and a trade information services hub. The adjoining tower boasts a 148-room business hotel, seminar and meeting rooms, a wellness centre, a restaurant and other ancillary facilities. These features are designed to provide a comprehensive ecosystem for trade and business activities, catering to the diverse needs of African businesses. It will also host office spaces for local and international financial institutions and policy organisations, ensuring a complete support system for trade and business activities.

    The AATC building is expected to achieve gold – and potentially platinum – Leadership in Energy and Environmental Design (LEED) certification by the United States Green Building Council (USGBC), a globally recognised standard for sustainable building design and construction. This certification will make the Abuja AATC one of the few certified buildings in Nigeria and West Africa, underscoring its commitment to environmental sustainability.

    The global architect Messrs SVA International developed a multifaceted global design, drawing inspiration from the concept of a bazaar, which reflects the vibrant feature of daily life in many African cities. Construction of the USD120 million project commenced in November 2021 on a prime piece of land measuring 5,856 square meters and achieved completion in 41 months.

    The Abuja Afreximbank African Trade Centre (Abuja AATC) is the first of seven planned AATCs across Africa, including Kampala, Uganda, Harare, Zimbabwe, Cairo, Egypt, Yaoundé, Cameroon, Tunis, Tunisia, and Kigali, Rwanda. In addition, Afreximbank recently broke ground in Bridgetown, Barbados, to construct the first AATC outside of Africa. Through franchising and licensing arrangements, the Bank intends to partner with relevant institutions and economic development organizations to establish non-Bank owned ATCs in the rest of Global Africa. These AATCs will serve to link buyers, sellers, suppliers, service providers, enterprises, governments, chambers of commerce, financial institutions, economic development organisations and the general African and global trade and investment community.

    MIL OSI Africa

  • MIL-OSI Africa: Secretary-General’s video message for the Opening of the G7+ Ministerial Meeting

    Source: United Nations – English

    strong>Download the video:
    https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+26+Mar+25/3355319_MSG+SG+G7+MINISTERIAL+MTG+26+MAR+25.mp4

    Excellencies,

    I am pleased to convey my heartfelt greetings to the g7+ Ministerial meeting as you mark your 15th anniversary in Dili – where your inspiring journey began.

    This city, like many of your countries, symbolizes both the wounds of conflict and the strength and resolve it takes to overcome them – and I was deeply moved by your wonderful hospitality as we marked the 25th anniversary of the independence referendum last year.

    Your people understand better than most the heavy cost of fragility – and the daily work of rebuilding lives with dignity and hope.

    Your organization was born from that spirit of resilience and purpose – and the shared recognition that lasting peace is the foundation of progress. 

    Over the years, you have championed cooperation, solidarity, and country-led solutions.

    You have also made a difference at the global level – including through your leadership in helping to secure Sustainable Development Goal 16 – on peace, justice, and strong institutions.

    Yet, fragilities are deepening around the world.

    Protracted conflicts, widening inequalities, and a raging climate crisis are fueling displacement and instability – with your nations often bearing the heaviest burden, despite contributing least to these crises.

    These plights cannot be ignored.

    The world cannot let your calls go unanswered.

    We need solidarity for solutions – and that is the spirit of the Pact for the Future that you helped shape.

    The Pact charts a course to reform peace and security cooperation – prioritizing conflict prevention, mediation, and peacebuilding.

    It seeks to strengthen coordination, including South-South cooperation, to develop innovative approaches, and expand opportunities for women and young people.

    The Pact also calls for reform of the global financial architecture through:

    Bigger and bolder Multilateral Development Banks;

    Effective debt relief for fragile economies;

    An annual SDG Stimulus of $500 billion;

    And better access to concessional finance – recognizing vulnerabilities through the Multidimensional Vulnerability Index.

    We must push the world to deliver on those commitments – including at the Fourth Financing for Development Conference in June.

    And we must push for climate justice.

    Many of you are on the frontlines – watching as rising seas and extreme weather threaten lives and livelihoods.

    As we prepare for COP30, we need to see countries turn promises into action.

    Developed countries must scale-up adaptation finance. We need meaningful contributions to the Fund for loss and damage. And we need confidence the $1.3 trillion will be delivered.

    Excellencies,

    Your journey over the past fifteen years shows us that solidarity is a common responsibility.

    As we work to tackle global challenges and implement the Pact for the Future, your voices will be vital – to strengthen multilateralism, prevent conflict, and forge a future of dignity and sustainable development for all.

    Thank you.
     

    MIL OSI Africa

  • MIL-OSI Asia-Pac: Plastic Parks in India

    Source: Government of India

    Plastic Parks in India

    Accelerating Growth of the Polymer-Based Industrial Ecosystem

    Posted On: 11 APR 2025 1:03PM by PIB Delhi

    Introduction

    The Department of Chemicals and Petro-Chemicals is implementing the Scheme for Setting up of Plastic Parks under the umbrella scheme of New Scheme of Petrochemicals, to support setting up need-based Plastic Parks, with requisite state-of-the-art infrastructure, enabling common facilities through cluster development approach, to consolidate the capacities of the domestic downstream plastic processing industry. The objective is to consolidate and synergize the capacities of downstream plastic processing industry to help increase investment, production and export in the sector as well as generate employment. Under the scheme, the government of India provides grant funding up to 50% of the project cost subject to a ceiling of Rs.40 crore per project.

     

    A plastic park is an industrial zone specifically designed for plastic-related businesses and industries. It aims to consolidate and synergize the capacities of the plastic processing industry, promoting investment, production, and exports while generating employment. These parks also focus on achieving environmentally sustainable growth through waste management and recycling initiatives.

     

    Plastic Parks have emerged as an integral part of India’s strategy for managing plastic waste, promoting recycling, and supporting the chemical industry. 10 Plastic Parks have been approved so far in different States.  Details of funds released to these Plastic Parks during the last five years are:

     

    Plastic Park Location

    Approval Year

    Total Project Cost

    (₹ crore)

    Approved Grant-in-aid

    (₹ crore)

    Amount Released

    (₹ crore)

    Tamot, Madhya Pradesh

    2013

    108.00

    40.00

    36.00

    Jagatsinghpur, Odisha

    2013

    106.78

    40.00

    36.00

    Tinsukia, Assam

    2014

    93.65

    40.00

    35.73

    Bilaua, Madhya Pradesh

    2018

    68.72

    34.36

    30.92

    Deoghar, Jharkhand

    2018

    67.33

    33.67

    30.30

    Tiruvallur, Tamil Nadu

    2019

    216.92

    40.00

    22.00

    Sitarganj, Uttarakhand

    2020

    67.73

    33.93

    30.51

    Raipur, Chhattisgarh

    2021

    42.09

    21.04

    11.57

    Ganjimutt, Karnataka

    2022

    62.77

    31.38

    6.28

    Gorakhpur, Uttar Pradesh

    2022

    69.58

    34.79

    19.13

     

     

    Background and Objectives

    India stands 12th in the world export of plastics, as per the 2022 World Bank estimates. It has grown exponentially from 2014, when it was worth just 8.2 million thousand USD, as compared to the 2022 estimates, where it reached 27 million thousand USD. This growth has been a result of the constant efforts by the Indian government to promote the production and export of plastics, like setting up Plastic Parks.

    The Indian plastics industry was large but highly fragmented with dominance of tiny, small and medium units and thus lacks the capacity to tap this opportunity. The Department of Chemicals & Petrochemicals formulated this scheme with a view to synergize and consolidate the capacities through cluster development and enhance India’s plastic production and export capabilities. The scheme has the following objectives:

    1. Increase the competitiveness, polymer absorption capacity and value addition in the domestic downstream plastic processing industry through adaptation of modern, research and development led measurers.
    2. Increase investments in the sector through additions in capacity and production, creating quality infrastructure and other facilitation to ensure value addition and increase in exports.
    3. Achieve environmentally sustainable growth through innovative methods of waste management, recycling, etc.
    4. Adopt a cluster development approach to achieve the above objectives owing to its benefits arising due to optimization of resources and economies of scale.

     

    Process of setting up a Plastic Park

    For the purpose of setting up Plastic Parks, the Department of Chemicals and Petrochemicals seeks preliminary proposals from state governments, highlighting the proposed location, financial details, broad cost estimates etc. Following in-principle approval from the Scheme Steering Committee, the State implementing agency is required to submit a Detailed Project Report (DPR) to the Department, which is evaluated and final approval is given by the Scheme Steering Committee based on the viability of the proposed project.

    For example, in November, 2020, the Department invited proposals from the state governments for establishing two new Plastic Parks. Proposals were received from the state governments of Bihar, Uttar Pradesh (02 proposals), Karnataka and Himachal Pradesh. These were examined by an Expert Committee, based on which the setting up of Plastic Parks at Gorakhpur, Uttar Pradesh, and at Ganjimutt, Karnataka, was approved in July, 2022 and January, 2022 respectively.

    The Government provides grants-in-aid for the establishment of the Plastic Parks. The implementation of these projects as well as the process of getting them populated by industrial units is largely in the hands of the Special Purpose Vehicles set up by the State Government or State Industrial Development Corporation or their agencies. The respective States have taken several steps to promote private sector participation in these Plastic Parks, including conducting awareness and sensitization programmes for the industry, providing plots at competitive rates, giving tax incentives etc.

    Under the Scheme, common infrastructure for the sustainability and eco-friendliness of industrial units is provided including effluent treatment plant, solid/ hazardous waste management, facilities for plastic recycling, incinerator etc. Some of the Plastic Parks have also established in-house recycling sheds for recycling of plastic waste.

    Other Government Initiatives for promoting Plastic Production in India

    The other initiatives taken by the Government to enhance plastics processing are: 

    1. Centres of Excellence (CoE): To promote the research and development in polymer and plastics the department has established 13 Centres of Excellence in various national level institutes.

     

    Location of the Centre of Excellence (CoE)

    Title of Centre of Excellence

    Date of Approval

    National Chemical Laboratory, Pune

    Sustainable Polymer Industry to Research & Innovation

    15.04.2011

    Central Institute of Plastic Engineering & Technology (CIPET), Chennai

    Green Transport Network (GREET)

    01.04.2011

    CIPET, Bhubaneswar

    Sustainable Green Materials

    06.04.2013

    Indian Institute of Technology (IIT), Delhi

    Advanced Polymeric Materials

    15.03.2013

    IIT, Guwahati

    Sustainable Polymers (Sus-Pol)

    April 2013

    IIT, Roorkee

    Process Development, Wastewater Management in Petrochemical Industries

    12.02.2019

    CIPET, Bhubaneswar

    Bio-engineered Sustainable Polymeric Systems

    12.02.2019

    National Chemical Laboratory, Pune

    Specialty Polymers for Customized Applications

    12.02.2019

    CSIR – North East Institute of Science & Technology (CSIR-NEIST)

    Polymers, Their Composites and Polymeric Membranes for Sustainable Development of Petroleum Industries

    04.12.2020

    CSIR-IICT, Hyderabad

    Polymer Coatings for Decorative, Protective and Strategic Applications

    04.12.2020

    CIPET, Bhubaneswar

    Manufacturing of Next Generation Bio-Medical Devices

    04.12.2020

    IIT, Guwahati

    Sustainable & Innovative Design and Manufacturing of Polymer-based Products

    February 2022

    IRMRA, Thane

    Design and Development for Value added Toys of Rubber and Allied Finished Products

    February 2022

     

    These CoEs focus on various aspects such as sustainable polymers, advanced polymeric materials, bio-engineered systems, and process development for wastewater management in petrochemical industries. They aim to drive innovation, improve technology, and promote environmentally sustainable development within the sector.

    1. Skilling of Workforce: Central Institute of Petrochemical Engineering and Technology is conducting many short term and long-term courses in Plastics processing and Technology to cater to the skilling requirement of the industry. 

     

    Indian Plastic Industry and Environment Sustainability

    The Government of India has taken several steps to ensure that the development of the plastic industry is environmentally sustainable and aligned with global sustainability standards.

    1. The Extended Producer Responsibility (EPR) Regulations for plastic packaging mandate targets for minimum level of reuse, recycling and use of recycled content. This ensures accountability for waste collection, recycling, and reuse. Certain single-use plastics have been banned, with a focus on reducing plastic waste. The regulations also mandate to utilize minimum amount of recycled material in packaging products.
    2. The Hazardous Waste Management Rules seek to ensure proper disposal of hazardous chemicals and promote waste minimization and resource recovery.
    3. The Government promotes the adoption of circular economy principles in the plastic industry, including recycling and the use of biodegradable alternatives. In order to promote the latest technologies and products for circular economy, the Department supports and encourages industry in organizing discussions and exhibitions to showcase the latest technologies and machinery for waste management, recycling and up-cycling as well as the innovative products made from recycled material.
    4. India engages with international organizations such as the World Trade Organization (WTO) and the United Nations Environment Programme (UNEP) to enable compliance with global sustainability standards. Further, India actively participates in meetings of the International Organization for Standardization (ISO) which formulates international standards for plastic products.

     

    Conclusion

    The Plastic Parks scheme, under the Department of Chemicals and Petrochemicals, represents a comprehensive and forward-looking initiative that addresses both the industrial growth and environmental sustainability of the Indian plastics sector. By providing state-of-the-art infrastructure, fostering cluster-based development, and encouraging private sector participation, the scheme not only strengthens India’s downstream plastic processing capabilities but also attracts investment, boosts exports, and generates employment. As India continues to rise in global plastic trade rankings, the Plastic Parks scheme and allied measures will remain crucial to ensuring that this growth is sustainable, inclusive, and innovation-driven.

    References

    https://sansad.in/getFile/loksabhaquestions/annex/184/AU5708_ToUfDC.pdf?source=pqals

    https://chemicals.gov.in/plastic-park-scheme

    https://chemicals.gov.in/sites/default/files/plastic_park_doc/FPP260613.pdf

    https://wits.worldbank.org/CountryProfile/en/Country/WLD/Year/LTST/TradeFlow/Export/Partner/by-country/Product/39-40_PlastiRub

    https://wits.worldbank.org/CountryProfile/en/Country/IND/Year/2014/TradeFlow/EXPIMP/Partner/WLD/Product/All-Groups

    https://sansad.in/getFile/loksabhaquestions/annex/183/AU3054_q0N7Gr.pdf?source=pqals

    https://sansad.in/getFile/loksabhaquestions/annex/1712/AU2634.pdf?source=pqals

    https://chemicals.gov.in/centre-excellence

    https://sansad.in/getFile/annex/266/AU2424_X8QRU6.pdf?source=pqars

    Kindly find the pdf file 

    ****

    Santosh Kumar | Sarla Meena | Rishita Aggarwal

    (Release ID: 2120876) Visitor Counter : 109

    MIL OSI Asia Pacific News

  • MIL-OSI: Bilibili Inc. to Hold Annual General Meeting on June 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, April 11, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (NASDAQ: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today published a circular (the “AGM Circular”) to provide shareholders with information on the proposals that will be put forward at the Company’s annual general meeting of the shareholders (the “AGM”) for shareholders’ approval and a notice of the AGM (the “AGM Notice”). The AGM will be held at Building 3, Guozheng Center, No. 485 Zhengli Road, Yangpu District, Shanghai, People’s Republic of China on June 20, 2025 at 4:30 p.m. (Hong Kong time), to consider and vote on the resolutions set forth in the AGM Notice. The AGM Circular, AGM Notice and form of proxy for the AGM are available on the Company’s investor relations website at http://ir.bilibili.com.

    Holders of record of ordinary shares of the Company at the close of business on May 13, 2025, Hong Kong time, are entitled to attend and vote at the AGM and any adjourned meeting thereof. Holders of the Company’s American depositary shares as of the close of business on May 13, 2025, New York time, who wish to exercise their voting rights for the underlying Class Z ordinary shares of the Company must act through the depositary of the Company’s American depositary share program, Deutsche Bank Trust Company Americas.

    Bilibili has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. Bilibili’s Form 20-F can be accessed on the Company’s investor relations website at http://ir.bilibili.com and on the SEC’s website at http://www.sec.gov.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to those included in the Company’s filings with the U.S. Securities and Exchange Commission and The Stock Exchange of Hong Kong Limited. All information provided in this announcement and in the attachments is as of the date of this announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com 

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    The MIL Network

  • MIL-OSI: Correction: HSBC Bank Plc – Form 8.5 (EPT/RI) – Advanced Medical Solutions Group plc

    Source: GlobeNewswire (MIL-OSI)

    Amendment
    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

                                       Rule 8.5 of the Takeover Code (the “Code”)                                                                    

    1.         KEY INFORMATION

    (a) Name of exempt principal trader: HSBC Bank Plc
    (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
         Use a separate form for each offeror/offeree
    Advanced Medical Solutions Group plc
    (c) Name of the party to the offer with which exempt principal trader is connected: OFFEREE: Advanced Medical Solutions Group plc
    (d) Date dealing undertaken: 09 April 2025
    (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
         If it is a cash offer or possible cash offer, state “N/A”
    N/A      

    2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales

     

    Total number of securities Highest price per unit paid/received
    (GBP)
    Lowest price per unit paid/received
    (GBP)
    Ordinary Shares Purchase 2,008 186.888 p 180.600 p
    Ordinary Shares Sale 167,008 186.888 p 178.000 p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description Nature of dealing Number of reference securities Price per unit (GBP)
    e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Ordinary Shares Swap Reducing a Short Position 39,000 178.000 p
    Ordinary Shares Swap Reducing a Short Position 126,000 179.000 p

    (c)        Stock-settled derivative transactions (including options)

    (i)         Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

     

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
       

     

       

    3.         OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state “none”
     

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)  the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
     

    None

    Date of disclosure: 11 April 2025
    Contact name: Dhruti Singh
    Telephone number: 0207 088 2000

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network