NewzIntel.com

Category: Banking

  • MIL-OSI: Investment bank Teniz Capital ventures into fintech, stakes 49% in Tabys of Astana International Financial Centre

    Source: GlobeNewswire (MIL-OSI)

    Astana, Kazakhstan – Teniz Capital Brokerage Ltd, a subsidiary of Teniz Capital Investment Bank, has acquired a significant stake in fintech firm Tabys from the Astana International Exchange (AIX).

    Tabys is a digital financial services provider helping individuals access markets via exchange-trade notes and simplified entry processes for investments.

    The platform boasts more than 21,000 active clients, and is one of the most important fintech players in the Central Asian market.

    Yerlan Soltanov will be named CEO, overseeing the company’s existing team backed by the Teniz staff and the AIFC.

    Joint work will start immediately, with both entities fully integrated.

    Tabys will remain based at the AIFC, with client accounts held at the Astana International Exchange Central Securities Depository (AIX CSD).

    Yernar Zhanadil, Chairman of the AIFC Authority Management Board, will join the Board of Directors of Tabys Ltd.

    “This merger, another milestone in the development of Teniz as a banking institution in Central Asia, lays the groundwork for Teniz’s already strong position in investment banking and brokerage across the region. We are thankful to the AIFC for the opportunity to work together, which will allow us to align our shared vision of unlocking the full potential of Kazakhstan’s financial industry,” said Saken Usser, majority shareholder of Teniz Capital.

    Current Tabys CEO, CFO of the AIX, Zharas Mussabekov noted: “This partnership marks a new chapter in the development of Tabys, broadening opportunities for investors in Kazakhstan. Users will now have access to a wider range of investment instruments while staying within a familiar ecosystem. Additionally, it will strengthen the educational component, supporting the practical application of knowledge and the creation of diversified investment portfolios.”

    Tabys was first developed by AIX in 2020 as a tool to help improve investment accessibility and financial literacy in Kazakhstan.

    It allows customers to buy securities, participate in IPOs, invest in the golden coins issued by the National Bank of Kazakhstan, and features educational material about the fundamentals of investing.

    With its new offerings, Tabys offerings will blow past the domestic market, giving clients access to AIX-listed stocks and bonds, as well as international markets and an expanded range of financial products.

    Going forward, users will be able to continue building diversified investment portfolios, with professional market analytics and securities analysis capabilities baked into the platform.

    In August 2024, Teniz Capital Investment Bank introduced Teniz Capital Brokerage as a standalone brokerage division.

    The entity executed over 20 transactions in the past two years, including placements of bonds for Black Sea Trade and Development Bank, Kazakhstan quasi-sovereign companies, JSC AIFN Retam, Capitalleasing Group Ltd., Jet Group Ltd., Kisamos Shipping DMCC.

    Established in 1997, Teniz Capital manages a team of 50 professionals from offices in Almaty, Astana’s AIFC, and Abu Dhabi. It is focused on cross-border transactions and is a specialist in infrastructure, energy, and technology deals.

    The shareholders of the AIX are AIFC, Shanghai Stock Exchange, Silk Road Fund, and NASDAQ, which develops the AIX trading platform. The exchange is regulated under a framework of principles based on English Law.

    For further information, members of the media can contact teniz@definition.city

    This press release contains statements regarding the future of the company and its innovations. Statements regarding the future may be accompanied by words such as “anticipate”, “believe”, “estimate”, “will”, “anticipate”, “pretend”, “power”, “plan”, “potential”, the use of future time and other terms of similar meaning. No undue reliance should be placed on these claims. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements, including uncertainty of the company’s commercial success, ability to protect our intellectual property rights, and other risks. These statements are based on current beliefs and forecasts and refer only to the date of this press release. The company assumes no obligation to publicly update its forward-looking statements, regardless of whether new information, future events or any other circumstance arise.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: The fight against fraudsters is in full swing – banks want to take action against cashback lovers

    Translartion. Region: Russians Fedetion –

    Sours: Mainfin Bank –

    How do fraudulent customers profit from loyalty programs?

    Cashback scams are becoming more common – banks are concerned about fraud on the part of clients, so they want measures to be taken against such persons at the federal level. Most often, cheating schemes cashback look like this:

    The citizen is making out bank card with favorable terms of the loyalty program. A large purchase is made with the card, for example, household appliances. The bank credits cashback. The person goes to the store and returns the goods, but the compensation is transferred to another card. The bonuses received remain with the dishonest client – the scheme can be repeated more than once.

    Instructions for cheating cashback are popular on the Internet – citizens are encouraged to “earn money on product returns” by resorting to unfair practices. The prospect of a criminal case does not stop Russians – in the Russian Federation, individuals who abuse loyalty programs have been repeatedly held accountable. For example, in 2022, the Ministry of Internal Affairs uncovered a criminal group that received bonuses by purchasing and returning tickets – the damage amounted to over 4.5 million rubles.

    What measures do banks offer to combat cashback abuse?

    Roskomnadzor has joined the fight against clients engaged in fraud – banks have contacted the agency, calling for measures to be taken against fraudsters. Credit organizations offer:

    allow banks to exchange personal data of clients caught in fraud; create a single database of people abusing loyalty programs; block websites that post information about cashback “earning” schemes; increase liability for Russians caught in fraud with bonus programs.

    “Cashback fraud is currently insignificant, but the existence of such schemes will allow fraudsters to scale up their activities – bank losses could increase many times over,” noted a representative of OTP Bank.

    At the same time, experts, lawyers and individual representatives of the banking industry do not see any prospects for the proposed proposal. It is problematic to distinguish a bona fide client who wants to receive bonuses from a fraudster. Moreover, the implementation of the idea will require significant costs, which may be much greater than the potential costs of abuse within the framework of loyalty programs.

    10:10 08.04.2025

    Source:

    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: //Mainfin.ru/novosti/ Borba-S-O Monoons- in-dragare-Banki-Banki-Grand-Tresh-Terget-Reta-Amateur-Kesbek

    MIL OSI Russia News –

  • MIL-OSI China: China moves fast to steady markets amid global turmoil

    Source: China State Council Information Office

    In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence.

    Affected by sweeping global plunges triggered by U.S. tariffs, major Chinese equity indices — including the benchmark Shanghai Composite Index, the Shenzhen Component Index, and the ChiNext Index — suffered notable losses on Monday.

    In response to the downturn, some state-owned capital operation firms moved quickly to increase their holdings of domestic equities, voicing strong confidence in the long-term outlook of the country’s capital markets. The People’s Bank of China, or the central bank, also announced liquidity support through re-lending facilities on Tuesday.

    Central Huijin Investment Ltd., a Chinese state-owned investment company, said it had once again increased its holdings of exchange-traded funds and would continue to do so in the future to “resolutely safeguard” the stable operation of the capital market.

    As a controlling or participating shareholder in over 20 financial institutions, Central Huijin reaffirmed its pivotal role in stabilizing the capital markets in a statement Tuesday. Often likened to a “stabilization fund,” the company has been instrumental in bolstering market stability and resilience since 2008.

    Following the statement of Central Huijin, the central bank pledged to firmly support the company in increasing its holding of stock index funds and will provide sufficient re-lending support when necessary.

    Apart from Central Huijin, multiple state-owned investment firms also increased stock holdings or unveiled plans to accelerate share buybacks, including China Chengtong Holdings Group Ltd., China Reform Holdings Corporation Ltd., and seven listed firms under the China Merchants Group.

    Moreover, the National Financial Regulatory Administration on Tuesday announced measures to raise the cap on equity investments by insurance funds, with greater support for equity investments in strategic emerging industries and fostering new quality productive forces.

    Analysts believe the coordinated moves sent a clear signal about China’s resolve to support the capital markets.

    In a time of heightened uncertainty in the global trade environment and dramatic fluctuations in international financial markets, the timely and decisive action of China’s state capital will effectively guide market expectations and mitigate the impact of external shocks, said Wang Qing, chief macro analyst at Golden Credit Rating.

    Financial institutions expressed optimism about the future of the capital markets.

    Central Huijin highlighted the steady progress of China’s high-quality development, the dynamic rise of new quality productive forces, and the increasingly solid foundation for sustained economic recovery. These factors provide robust fundamental support for the steady and healthy growth of the capital markets.

    With more firms representing new quality productive forces and technological innovation going public, the allure of A-share core assets has been enhanced, and the overall valuations currently stand at relatively low historical levels, the company said.

    The company vowed to ramp up investments to give full play its role of patient, long-term capital. 

    MIL OSI China News –

  • MIL-OSI China: Announcement on Open Market Operations No.66 [2025]

    Source: Peoples Bank of China

    Announcement on Open Market Operations No.66 [2025]

    (Open Market Operations Office, April 8, 2025)

    The People’s Bank of China conducted reverse repo operations in the amount of RMB167.4 billion through quantity bidding at a fixed interest rate on April 8, 2025.

    Details of the Reverse Repo Operations

    Maturity

    Rate

    Bidding Volume

    Winning Bid Volume

    7 days

    1.50%

    RMB167.4 billion

    RMB167.4 billion

    Date of last update Nov. 29 2018

    2025年04月08日

    MIL OSI China News –

  • MIL-OSI China: China’s central bank vows to protect capital market stability

    Source: China State Council Information Office 3

    China’s central bank on Tuesday vowed to resolutely safeguard the stable operation of the country’s capital market.

    The People’s Bank of China firmly supports the Central Huijin Investment Ltd. (Central Huijin) to increase its holding of stock index funds, and will provide sufficient re-lending support to the company when necessary, the central bank said in a statement.

    Central Huijin, a Chinese state-owned investment company, said Monday that it had once again increased its holdings of exchange-traded funds and would continue to do so in the future to “resolutely safeguard” the stable operation of the capital market. 

    MIL OSI China News –

  • MIL-OSI United Nations: Launch of The Project To Develop A National Strategy For Mobilising The Diaspora: A New Drive For The Socio-economic Development Of Cameroon

    Source: International Organization for Migration (IOM)

    Yaoundé – The Ministry of External Relations (MINREX), in partnership with the International Organization for Migration (IOM) Mission in Cameroon, has officially launched the “Diaspora engagement strategy for the socio-economic development of Cameroon” project. This was done during a solemn ceremony presided over by H.E. Mr. Chinmoun Oumarou – General Secretary of MINREX, in the presence of Mr. Abdel Rahmane Diop – IOM Chief of Mission in Cameroon, with coordination functions in Equatorial Guinea and Sao Tome-and-Principe. Representatives of the public administration, the United Nations system in Cameroon, IOM experts on diaspora issues, diaspora associations, civil society, sports associations, Cameroonian employers, private sector, academic institutions and the media were also present to appreciate the quintessence of the project.

    Financed by the IOM Development Fund, this project aims to support the Government of Cameroon in drawing up a strategy document for mobilizing the diaspora in support of Cameroon’s sustainable and inclusive socio-economic development, taking gender issues into account and accompanied by an action plan. It will also make it possible to map the skills of members of the diaspora, create a directory of expatriate entrepreneurs and investors, and gain a better understanding of the profiles of Cameroonians living abroad.

    The diaspora plays a crucial role in the economy of its country of origin, particularly through remittances, the transfer of technology and skills, investment in local initiatives and the promotion of Cameroon’s image internationally. For Mr. Abdel Rahmane Diop, “the Cameroonian diaspora is an inescapable force. It has human, cultural, social and financial capital which, if properly mobilized, can transform the country over the long term”.

    According to Mr. Chinmoun Oumarou, “Cameroon has around 6 million people spread over five continents, with a high concentration in Africa, representing almost 15% of the country’s total population. They contribute more than 1% of GDP through remittances to their families”. However, the mobilization of these financial resources from the diaspora is not optimal. In 2024, Cameroonians abroad transferred $603 million (or more than CFAF 362 billion), representing 1.1% of gross domestic product, according to World Bank figures. Although considerable, these financial flows remain underutilized in relation to their potential. According to Mr. Chinmoun Oumarou, this underutilization of the financial resources of the Cameroonian community abroad can be explained by “the absence of a national strategic framework for mobilizing the Cameroonian diaspora”.

    It is in response to this problem that the Government of Cameroon, under the leadership of MINREX, has requested technical and financial support from the IOM for this large-scale project. This project is fully in line with the guidelines of Cameroon’s National Development Strategy 2020-2030 (NDS 30), which identifies the diaspora as one of the major actors for achieving its objectives. This initiative also fulfils Cameroon’s commitments to implement the Global Compact for Safe, Orderly and Regular Migration (Objective 19), as well as the African Union’s Agenda 2063 (Point 74).

    Elodie NDEME BODOLO, IOM Cameroon

    ***

    For further information, please contact: 

    MIL OSI United Nations News –

  • MIL-OSI: Konsolidator’s quarterly update – Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement no 8-2025

    Søborg, April 8, 2025

    Konsolidator’s quarterly update – Q1 2025

    Konsolidator’s contracted ARR (CARR) increased by 11% (YoY) in the first quarter of 2025 compared to Q1 2024, reaching DKK 21.6m. Konsolidator came off to a strong start in its new strategy period 2025-2027, focusing on resilient growth. The most notable aspect of Q1 2025 was that the transition towards partner-driven sales was better than expected, as 50% of sales were through the partner channel. Other key initiatives include a data warehouse collaboration with KPMG to enhance financial reporting and data analytics, new partnerships to expand market reach, and a capital raise of DKK 2.2m in February 2025 and DKK 1.8m in further funding at a later point in 2025.

    Q1 2025 Contracted ARR and key financial highlights

      Q1 2025 Q1 2024 Annual Change %
    Contracted ARR 21.6m 19.4m 11%

    During Q1 2025, the CARR increased by DKK 0.3m, signing 8 new customers but also saying goodbye to customers, mainly due to M&A and customers downsizing their activities. Churn remained at the same level as Q4 2024.

    Business update

    At the beginning of the year, Konsolidator launched its third strategy since the IPO, “Resilient Growth”. The strategy prioritizes CARR growth through the partner channel and profitability through reduced Customer Acquisition Costs and higher average income per customer. In line with the strategy, Konsolidator delivered, particularly in the following fields in this quarter:

    • Partner channel: Welcomed 5 new partners in Spain and held 11 new meetings with potential partners in the rest of the World. More notably, 50% of Konsolidator’s new customers in Q1 2025 came from the partner channel.
    • Broader product offering: Commenced a data warehouse collaboration with KPMG, which was launched on April 1st.
    • Operational strengthening: The transition to a partner-driven sales organization continues, and we saw a 50% reduction in CAC/CARR in Q1-25 compared to Q1-24

    “We’ve had a solid start in the beginning of 2025 and our strategy ‘Resilient Growth.’ The shift to partner-driven sales is progressing faster than expected, with already 50% of new sales coming through the partner channel. That’s a strong signal that we’re on a good track.”

    “We’ve also taken important steps to strengthen our financial reporting capabilities and expand our market reach. While we’ve seen a few customers leave, we are confident that the improvements we’re making will drive long-term value. With secured funding for 2025 and a clear focus on efficiency, we remain committed to sustainable growth and profitability.” – Claus Finderup Grove, CEO

    Looking ahead

    Konsolidator continues to expand its sales approach beyond direct sales leveraging strategic partnerships and ecosystems. Konsolidator’s software is now integrated with the Microsoft D365 systems – ERP, datawarehouse and PowerBI. Additionally, Konsolidator is exploring opportunities where its software plays a critical role in financial analysis, such as providing reliable data to financial institutions. Key priorities for the coming quarters continue to include:

    1. Expanding the partner channel, especially in Scandinavia and Iberia
    2. Enhancing the product offering to meet evolving CFO demands especially around a Data Warehouse solution, FP&A solution, and ESG
    3. Building a dedicated growth track for Konsolidator Banking®
    4. Strengthening operations to boost efficiency and customer satisfaction

    WEBINAR

    Sign up to the Q1 Business Update on April 24, where Konsolidator’s CEO will provide deeper insights into the company’s progress and future plans.

    Contacts

    Certified Adviser

    About Konsolidator
    Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

    Attachment

    The MIL Network –

  • MIL-OSI Europe: Debt collection and bankruptcy statistics in 2024 – Continued increase in bankruptcies in 2024

    Source: Switzerland – Department of Home Affairs

    The total number of bankruptcy proceedings opened against businesses and individuals under the Debt Enforcement and Bankruptcy Act (DEBA) rose for the fourth year in a row, reaching a record 17 036 cases in 2024. Closures of bankruptcy and debt collection proceedings also rose compared with the previous year. Meanwhile, there was a marked decrease in financial losses resulting from ordinary and summary bankruptcy proceedings compared with 2023 (‒26.5%). These are the latest findings from the Debt Collection and Bankruptcy Statistics from the Federal Statistical Office (FSO).

    MIL OSI Europe News –

  • MIL-OSI Economics: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of 06 months up to close of business on January 08, 2023, which was last extended vide Directive No. DOR.MON.D-88/12.28.115/2024-25 dated January 06, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on April 08, 2025.

    2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of 03 months from close of business on April 08, 2025 to close of business on July 08, 2025, subject to review.

    3. The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.

    4. Other terms and conditions of the Directive under reference, shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2025-2026/54

    MIL OSI Economics –

  • MIL-OSI China: General strike staged across West Bank

    Source: China State Council Information Office

    A Palestinian man walks past closed stores during a general strike in the West Bank city of Nablus, on April 7, 2025. [Photo/Xinhua]

    A general strike took place across the West Bank on Monday against ongoing Israeli assaults on the Gaza Strip.

    Shops, markets, schools, universities, banks, and public offices have been closed, and transportation lines have been stopped due to the strike called by Palestinian factions.

    In the central West Bank city of Ramallah, hundreds of Palestinians took to the streets to condemn the Israeli “crimes” in Gaza, waving the Palestinian flag and chanting slogans demanding an end to the Israeli assaults as they marched through the streets of the city center.

    The strike aims to condemn the Israeli assaults on the Palestinian enclave, which have “killed and destroyed Gaza, with American complicity and support,” and to urge the international community to fulfill its obligations, Issam Bakr, coordinator of the Palestinian National and Islamic Forces in Ramallah, told Xinhua.

    Protests against Israel have also been staged outside the West Bank by those in solidarity with the Palestinians, Bakr said. According to the Palestinian official news agency WAFA, such protests were organized in Tunisia, Jordan, Syria, and Lebanon.

    According to Gaza-based health authorities, 56 people were killed and 137 others injured in the past 24 hours, bringing the total number of fatalities and injuries to 1,391 and 3,434, respectively, since Israel ended the January ceasefire and resumed strikes across Gaza on March 18.

    The overall death toll in Gaza has reached 50,752, with 115,475 others injured since the very beginning of the Israeli military operations in the enclave on Oct. 7, 2023, the health authorities reported.

    In addition, the Israeli strikes further strained Gaza’s health system. According to a statement by Gaza health authorities on Monday, 37 percent of medicines and 59 percent of medical supplies are out of stock in the strip.

    It said vital departments in hospitals are running on generators, which are threatened with shutdown due to fuel and spare parts shortages, adding that over half of cancer and blood disease medications are at zero stock, putting patients’ lives at risk.

    Meanwhile, Philippe Lazzarini, commissioner-general of the UN Relief and Works Agency for Palestine Refugees in the Near East, warned on social media, “Two million people (in Gaza) are scarred for life with trauma and shock, battling with the invisible wounds of mental health.”

    MIL OSI China News –

  • MIL-OSI Economics: Result of the Daily Variable Rate Repo (VRR) auction held on April 08, 2025

    Source: Reserve Bank of India

    Tenor 1-day
    Notified Amount (in ₹ crore) 50,000
    Total amount of bids received (in ₹ crore) 23,515
    Amount allotted (in ₹ crore) 23,515
    Cut off Rate (%) 6.26
    Weighted Average Rate (%) 6.27
    Partial Allotment Percentage of bids received at cut off rate (%) NA

    Ajit Prasad          
    Deputy General Manager
    (Communications)    

    Press Release: 2025-2026/53

    MIL OSI Economics –

  • MIL-OSI Economics: Money Market Operations as on April 07, 2025

    Source: Reserve Bank of India
    (Amount in ₹ crore, Rate in Per cent)
      Volume
    (One Leg)    		 Weighted
    Average Rate    		 Range
    A. Overnight Segment (I+II+III+IV) 6,67,515.48 6.12 0.01-7.15
         I. Call Money 17,239.13 6.16 5.10-6.30
         II. Triparty Repo 4,31,084.95 6.11 5.80-6.27
         III. Market Repo 2,17,626.40 6.14 0.01-6.65
         IV. Repo in Corporate Bond 1,565.00 6.39 6.30-7.15
    B. Term Segment      
         I. Notice Money** 226.20 6.08 5.75-6.35
         II. Term Money@@ 911.00 – 6.10-6.35
         III. Triparty Repo 12,725.00 6.19 6.10-6.25
         IV. Market Repo 581.09 6.18 6.15-6.30
         V. Repo in Corporate Bond 0.00 – –
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Mon, 07/04/2025 1 Tue, 08/04/2025 16,505.00 6.26
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Mon, 07/04/2025 1 Tue, 08/04/2025 542.00 6.50
    4. SDFΔ# Mon, 07/04/2025 1 Tue, 08/04/2025 1,65,387.00 6.00
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -1,48,340.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,065.99  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     7,065.99  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,41,274.01  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on April 07, 2025 9,37,717.86  
         (ii) Average daily cash reserve requirement for the fortnight ending April 18, 2025 9,31,571.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ April 07, 2025 16,505.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on March 21, 2025 1,11,247.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2024-2025/2082 dated February 05, 2025, Press Release No. 2024-2025/2138 dated February 12, 2025, and Press Release No. 2024-2025/2209 dated February 20, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/51

    MIL OSI Economics –

  • MIL-OSI New Zealand: Reserve Bank Gov Appointed – Christian Hawkesby appointed as Governor of the RBNZ for 6 months

    Source: Reserve Bank of New Zealand

    8 April 2025 – Christian Hawkesby has been appointed as Governor of the Reserve Bank of New Zealand for a six-month term by the Minister of Finance, upon the recommendation of the RBNZ Board.  

    Mr Hawkesby has been acting Governor since 5 March and will be Governor from 8 April for six months while the recruitment of a Governor to serve for a five-year term takes place. Mr Hawkesby’s appointment may be extended by the Minister of Finance for up to three additional months.  

    “I am proud to step into the role of Governor and continue contributing to our mission of working to enable economic prosperity and wellbeing for all New Zealanders,” Mr Hawkesby says.

    Board Chair Neil Quigley says, “Mr Hawkesby’s leadership and expertise have been invaluable to Te Pūtea Matua since he joined the RBNZ in 2019. His appointment reflects both his contributions and our confidence in his ability to continue strengthening New Zealand’s financial system, chair the Monetary Policy Committee and be CEO of RBNZ.”  

    The RBNZ board has commenced the recruitment process to nominate for appointment a Governor who will serve for five years. During the recruitment process the MPC will consist of 3 internal RBNZ staff and 3 external members. The MPC Chair holds a casting vote.

    More information

    For further information on making a temporary appointment, please see:

    https://www.legislation.govt.nz/act/public/2021/0031/latest/LMS287123.html  

    For further information on the MPC’s quorum, please see: https://www.legislation.govt.nz/act/public/2021/0031/latest/LMS287133.html

    RBNZ Governor Adrian Orr resigns: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=18640a250c&e=f3c68946f8

    Christian Hawkesby – Reserve Bank of New Zealand – Te Pūtea Matua: https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=ed7e50fcfa&e=f3c68946f8

    Mr Hawkesby joined Te Pūtea Matua in 2019 and was appointed Deputy Governor/General Manager of the Financial Stability Group after serving as Assistant Governor. He previously helped establish Harbour Asset Management and spent nine years in senior roles at the Bank of England. He holds a Master of Commerce (Hons) in Economics from the University of Canterbury.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Reserve Bank appointment

    Source: New Zealand Government

    Acting Reserve Bank Governor Christian Hawkesby has been appointed as Governor of the Reserve Bank for a six month period, Finance Minister Nicola Willis says. 

    The appointment is effective from 8 April 2025 and can be extended by up to three months with written notice.

    “Mr Hawkesby is an experienced central banker who has held a number of senior positions at the Reserve Bank.

    His appointment was recommended by the Reserve Bank board and will help ensure the continued integrity and operations of the Reserve Bank while the search for a permanent Governor is underway.

    “During his term, the board will support Mr Hawkesby to implement the bank’s new five-year funding agreement which will apply from 1 July 2025. 

    “I look forward to continuing to work with him in his new role.”

    MIL OSI New Zealand News –

  • MIL-OSI China: China’s central bank vows to resolutely safeguard capital market stability

    Source: China State Council Information Office

    China’s central bank on Tuesday vowed to resolutely safeguard the stable operation of the country’s capital market.

    The People’s Bank of China firmly supports the Central Huijin Investment Ltd. (Central Huijin) to increase its holding of stock index funds, and will provide sufficient re-lending support to the company when necessary, the central bank said in a statement.

    Central Huijin, a Chinese state-owned investment company, said Monday that it had once again increased its holdings of exchange-traded funds and would continue to do so in the future to “resolutely safeguard” the stable operation of the capital market. 

    MIL OSI China News –

  • MIL-OSI China: General strike staged across West Bank against Israeli assaults on Gaza

    Source: China State Council Information Office 3

    A Palestinian man walks past closed stores during a general strike in the West Bank city of Nablus, on April 7, 2025. [Photo/Xinhua]

    A general strike took place across the West Bank on Monday against ongoing Israeli assaults on the Gaza Strip.

    Shops, markets, schools, universities, banks, and public offices have been closed, and transportation lines have been stopped due to the strike called by Palestinian factions.

    In the central West Bank city of Ramallah, hundreds of Palestinians took to the streets to condemn the Israeli “crimes” in Gaza, waving the Palestinian flag and chanting slogans demanding an end to the Israeli assaults as they marched through the streets of the city center.

    The strike aims to condemn the Israeli assaults on the Palestinian enclave, which have “killed and destroyed Gaza, with American complicity and support,” and to urge the international community to fulfill its obligations, Issam Bakr, coordinator of the Palestinian National and Islamic Forces in Ramallah, told Xinhua.

    Protests against Israel have also been staged outside the West Bank by those in solidarity with the Palestinians, Bakr said. According to the Palestinian official news agency WAFA, such protests were organized in Tunisia, Jordan, Syria, and Lebanon.

    According to Gaza-based health authorities, 56 people were killed and 137 others injured in the past 24 hours, bringing the total number of fatalities and injuries to 1,391 and 3,434, respectively, since Israel ended the January ceasefire and resumed strikes across Gaza on March 18.

    The overall death toll in Gaza has reached 50,752, with 115,475 others injured since the very beginning of the Israeli military operations in the enclave on Oct. 7, 2023, the health authorities reported.

    In addition, the Israeli strikes further strained Gaza’s health system. According to a statement by Gaza health authorities on Monday, 37 percent of medicines and 59 percent of medical supplies are out of stock in the strip.

    It said vital departments in hospitals are running on generators, which are threatened with shutdown due to fuel and spare parts shortages, adding that over half of cancer and blood disease medications are at zero stock, putting patients’ lives at risk.

    Meanwhile, Philippe Lazzarini, commissioner-general of the UN Relief and Works Agency for Palestine Refugees in the Near East, warned on social media, “Two million people (in Gaza) are scarred for life with trauma and shock, battling with the invisible wounds of mental health.”

    MIL OSI China News –

  • MIL-OSI USA: Booker Statement on Fatal Shooting of New Jersey Teen in the West Bank

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker
    WASHINGTON, D.C. – Today, U.S. Senator Cory Booker (D-NJ) issued the following statement:
    “The death of a 14-year-old New Jerseyan and American citizen, Amer Mohammad Saada Rabee, in the West Bank is another devastating reminder of the horrific human cost of ongoing conflict and tensions in the region.  There must be a full and transparent accounting of the circumstances around his death and the actions of Israeli security forces.  During Prime Minister Netanyahu’s visit to the White House today, I urge President Trump to seek answers and accountability. 
    “From the death of Amer Rabee, Shireen Abu Akleh, and family members of constituents across New Jersey, to Hamas taking Edan Alexander, also an American citizen from New Jersey, hostage – our New Jersey communities are reeling every day because of the personal impact of ongoing conflict in the Middle East.
    “I’ve long had disagreements with the actions of the Netanyahu government, from their efforts to erode Israeli democracy to their interference in US politics — to their settlement expansion policy in the West Bank. I have also long warned of the increasing danger posed by extremist Israeli settler violence in the West Bank.  I call on the Trump administration to reinstate sanctions on perpetrators of such violence, which directly threatens the objectives of protecting innocent Israeli and Palestinian civilians and preventing the war in Gaza and tensions in the West Bank from escalating into a wider regional conflict.
    “To press for change, I traveled to Israel and the West Bank in March 2024 to meet with Israeli and Palestinian Authority leaders and continue to engage with our government as well as with leaders across the region.  “And I will continue to do everything I can to push for a two-state solution, where we protect Israel’s right to exist as a democratic Jewish state and affirm the Palestinian people’s right to self-determination and a state of their own.  To start this work, all parties must recommit to working toward a ceasefire agreement that gets the hostages home, facilitates humanitarian aid into Gaza, and breaks the cycle of violence in the West Bank and the region. This is the only way to truly create a pathway towards a just and sustainable peace in the region that protects Israelis and Palestinians.”

    MIL OSI USA News –

  • MIL-OSI: RBB Bancorp to Report First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, April 07, 2025 (GLOBE NEWSWIRE) — RBB Bancorp (NASDAQ: RBB) and its subsidiaries, Royal Business Bank (the “Bank”) and RBB Asset Management Company (“RAM”), collectively referred to herein as the “Company”, today announced that it will release financial results for its first quarter ended March 31, 2025 after the markets close on Monday, April 28, 2025.

    Management will hold a conference call at 11:00 a.m. Pacific Time/2:00 p.m. Eastern Time on Tuesday, April 29, 2025 to discuss the Company’s financial results.

    To listen to the conference call, please dial 1-888-506-0062 or 1-973-528-0011, passcode 534591, Conference ID RBBQ125. A replay of the call will be made available at 1-877-481-4010 or 1-919-882-2331, passcode 52277, approximately one hour after the conclusion of the call and will remain available through May 13, 2025.

    Additionally, interested parties can listen to a live webcast of the call in the “Investor Relations” section of the Company’s website at www.royalbusinessbankusa.com.  This webcast will be recorded and available for replay on the Company’s website approximately two hours after the conclusion of the conference call.

    Corporate Overview

    RBB Bancorp is a community-based financial holding company headquartered in Los Angeles, California. As of December 31, 2024, the Company had total assets of $4.0 billion. Its wholly-owned subsidiary, Royal Business Bank, is a full service commercial bank, which provides consumer and business banking services predominantly to the Asian-centric communities in Los Angeles County, Orange County, and Ventura County in California, in Las Vegas, Nevada, in Brooklyn, Queens, and Manhattan in New York, in Edison, New Jersey, in the Chicago neighborhoods of Chinatown and Bridgeport, Illinois, and on Oahu, Hawaii. Bank services include remote deposit, E-banking, mobile banking, commercial and investor real estate loans, business loans and lines of credit, commercial and industrial loans, SBA 7A and 504 loans, 1-4 single family residential loans, trade finance, a full range of depository account products and wealth management services. The Bank has nine branches in Los Angeles County, two branches in Ventura County, one branch in Orange County, California, one branch in Las Vegas, Nevada, three branches and one loan operation center in Brooklyn, three branches in Queens, one branch in Manhattan in New York, one branch in Edison, New Jersey, two branches in Chicago, Illinois, and one branch in Honolulu, Hawaii. The Company’s administrative and lending center is located at 1055 Wilshire Blvd., Los Angeles, California 90017, and its finance and operations center is located at 7025 Orangethorpe Ave., Buena Park, California 90621. The Company’s website address is www.royalbusinessbankusa.com.

    Contacts

    Lynn Hopkins, EVP and Chief Financial Officer, (657) 255-3282

    The MIL Network –

  • MIL-OSI Economics: Gabon: African Development Bank-Funded Study Underscores Importance of Economic Diversification

    Source: African Development Bank Group
    The African Development Bank (AfDB), through its Transition States Coordination Office and its Gabon Country Office, held a workshop in close collaboration with the Government of Gabon to present the findings of a political economy study titled “Towards a Successful Transition and Lasting Stability in Gabon:…

    MIL OSI Economics –

  • MIL-OSI USA: Reed Leads Calls for Hearings on Trump’s Tariff Chaos & Misuse of Executive Power

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    WASHINGTON, DC – As President Donald Trump’s tariff taxes continue to increase prices on American consumers and businesses, U.S. Senator Jack Reed (D-RI), a leading member of the Senate Banking, Housing, and Urban Affairs Committee, joined U.S. Senator Elizabeth Warren (D-MA), Ranking Member of the committee, and every Democrat on the committee in urging Chairman Tim Scott (R-SC) to convene a hearing on President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose his tariff tax.

    The Senate Banking Committee has critical responsibilities for overseeing the use of IEEPA, which gives the President broad authority to impose economic measures in response to declared national emergencies. But that authority is not intended as a blank check for the President to create national emergencies out of thin air so he can use IEEPA to circumvent Congress and enact economic policies that are unrelated to any actual threats or emergencies facing the U.S., as President Trump has done with his sweeping new trade policies that harm hard-working American families.

    “The committee has jurisdiction over key aspects of IEEPA and tariffs policy, and we have a responsibility to the American people to exercise our oversight function to scrutinize how the President is using these tools,” the eleven Senate Banking Democrats wrote to Chairman Scott.

    In the letter, the U.S. Senators raise concerns that Trump’s tariff policies lack a coherent strategy that could damage the economy and hurt American consumers by needlessly driving up prices.

    The letter also warned that President Trump could unfairly grant tariff exemptions to friendly business leaders and preferred industries, noting: “The president’s tariffs also raise concerns about whether he will repeat mistakes from his first term in handing out exceptions to well-connected friends or companies at the expense of everyone else.”

    According to joint research from Fordham University, Lehigh University, the State University of New York at Buffalo, and the University of Oklahoma published in The Journal of Financial and Quantitative Analysis: politically-connected companies that made contributions and investments to help Republicans before and during Trump’s first term were more likely to win tariff exemptions.

    “We urge you to hold a hearing so the American people can understand the President’s plan and how it will affect their economic futures,” the Senators implored.

    In addition to Reed and Warren, the letter was also signed by U.S. Senators Mark Warner (D-VA), Chris Van Hollen (D-MD), Catherine Cortez-Masto (D-NV), Tina Smith (D-MN), Raphael Warnock (D-GA), Reuben Gallego (D-AZ), Angela Alsobrooks (D-MD), Andy Kim (D-NJ), and Lisa Blunt Rochester (D-DE).

    Full text of the letter follows:

    Chairman Tim Scott

    Committee on Banking, Housing, and Urban Affairs

    United States Senate

    Washington, D.C. 20510

    Chairman Scott,

    We write to request that the Committee on Banking, Housing, and Urban Affairs hold hearings on President Trump’s use of the International Emergency Economic Powers Act (IEEPA) to implement his tariff agenda. The committee has jurisdiction over key aspects of IEEPA and tariffs policy, and we have a responsibility to the American people to exercise our oversight function to scrutinize how the President is using these tools.

    Tariffs can be critical to grow American industry and promote good manufacturing jobs. But many of the President’s tariffs lack a coherent strategy, generating economic chaos and giving giant corporations an excuse to raise prices on Americans — which the President and his Administration have no plan to prevent. The President’s tariffs also raise concerns about whether he will repeat mistakes from his first term in handing out exceptions to well-connected friends or companies at the expense of everyone else.

    We urge you to hold a hearing so the American people can understand the President’s plan and how it will affect their economic futures.

    Sincerely,

    MIL OSI USA News –

  • MIL-OSI Submissions: Africa – ATIDI Helps Strengthen Benin’s Fiscal Resilience with Second-Loss Guarantee for Deutsche Bank’s EUR507.5 Million Loan

    Source: Media Fast for ATIDI

    ·       The Republic of Benin, acting through its Ministry of Economy and Finance, has successfully secured a EUR507.5 million, 15-year facility to support its sustainable development agenda.

    ·       This transaction benefits from a Partial Risk Guarantee (PRG) of EUR200 million provided by the International Development Association (IDA) and a second-loss insurance cover of up to EUR614 million (principal plus interest) from ATIDI for the tenor of the loan.

    ·       The facility will enable the Government of Benin to undertake a critical debt reprofiling exercise to buy back part of the country’s Eurobonds. The resulting debt savings will be strategically allocated to finance or refinance eligible expenditures under the country’s SDG Framework.

    Nairobi, 7 April 2025 — The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin’s latest financing transaction, providing a second-loss guarantee for Deutsche Bank’s EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI’s commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa.

    The senior unsecured amortizing term loan, arranged solely by Deutsche Bank, is backed by a first-loss guarantee of up to EUR200 million from the International Development Association (IDA), part of the World Bank Group. ATIDI’s second-loss guarantee complements this structure, covering the remaining principal and interest, thereby strengthening investor confidence and reducing financing costs for Benin.

    “This landmark financing demonstrates the power of strategic partnerships in unlocking sustainable investment for African economies. Our collaboration with Deutsche Bank in supporting the Republic of Benin highlights ATIDI’s essential role in facilitating innovative financial solutions that enhance fiscal resilience. By providing a second-loss guarantee, we help ensure that Benin secures long-term, cost-effective financing, reinforcing its economic stability while channelling resources toward its sustainable development goals,” ATIDI CEO Manuel Moses said.

    ATIDI’s involvement underscores its unique role in providing risk mitigation solutions that enable African sovereigns to access long-term, cost-effective financing on favorable terms. This transaction is the first IDA-backed guarantee under the World Bank’s new guarantee platform launched in July 2024.

    Key Highlights of the Transaction:

     ·  Debt Reprofiling – The facility will provide fiscal space for Benin to reprofile its debt, ensuring long-term financial sustainability.

     ·  SDG Alignment – Savings from the transaction will be channeled toward priority projects under Benin’s SDG Framework.

     · Risk Mitigation – The IDA’s Partial Risk Guarantee and ATIDI’s second-loss insurance cover provide robust risk mitigation, enhancing investor confidence and ensuring the successful execution of the facility.

    Commenting on the facility, Deutsche Bank Managing Director Maryam Khosrowshahi said the transaction consolidates the Bank’s position as a leading arranger of complex transactions on the African continent, notably after being named Best Foreign Investment Bank in Benin for the 2nd year in a row by EMEA Finance African Banking Awards 2024.

    “We are proud to have acted as sole mandated lead arranger and sole lender to the Republic of Benin on this novel transaction with IDA and ATIDI. We leveraged our successful financing track-record with the Republic of Benin as well as our excellent relationship with the Republic’s advisor Rothschild & Co, and extensive transaction experience with the World Bank Group and ATIDI to deliver this critical financing in an effective and timely manner. Timing was indeed of the essence as the Facility was signed on 8 January 2025 concurrently to the announcement of a tender offer targeting up to EUR 250 million of Benin’s EUR2032s notes and of a new USD 500 million bond issue to complement the country’s 2025 budgetary needs.”

    The facility was concluded in parallel with Benin’s return to international capital markets through a USD500 million bond issuance. A portion of the loan proceeds was allocated to a debt reprofiling exercise, including the buyback of Benin’s EUR 2032 bond. By extending the average maturity of its public debt portfolio and achieving substantial debt service savings, Benin can redirect funds toward strategic initiatives under its SDG financing framework, driving long-term social and economic impact.

    ATIDI remains at the forefront of de-risking African economies and facilitating transformative financial solutions. Through partnerships with global financial institutions like Deutsche Bank and development partners such as the World Bank Group, ATIDI continues to provide innovative credit and investment insurance products that foster sustainable growth across Africa.

    Notes

    About ATIDI

    ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an ‘A/Stable’ rating for Financial Strength and Counterparty Credit by Standard & Poor’s, and in 2019, ATIDI obtained an A3/Stable rating from Moody’s, which has now been upgraded to A2/Positive.

    www.atidi.africa

    MIL OSI – Submitted News –

  • MIL-OSI: Stifel Completes Acquisition of B. Riley Employee Advisors

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, April 07, 2025 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced the completion of its acquisition of 36 B. Riley employee advisors, representing total assets under management of approximately $4 billion.

    “We are very excited to welcome our new colleagues from B. Riley,” said Ronald J. Kruszewski, Chairman and CEO of Stifel. “Adding this team of talented advisors is yet another example of our commitment to expanding Stifel’s premier Global Wealth Management business.”

    In 2024, Stifel’s Global Wealth Management business recorded record annual revenue of $3.3 billion with more than $500 billion in total client assets. Stifel was also ranked No. 1 in overall employee-advisor satisfaction for a second straight year, according to the annual J.D. Power U.S. Financial Advisor Satisfaction Study.

    Stifel Company Information
    Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri, that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel’s broker-dealer clients are served in the United States through Stifel, Nicolaus & Company, Incorporated, including its Eaton Partners business division; Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC; and Stifel Independent Advisors, LLC. The Company’s broker-dealer affiliates provide securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank and Stifel Bank & Trust offer a full range of consumer and commercial lending solutions. Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer trust and related services. To learn more about Stifel, please visit the Company’s website at www.stifel.com. For global disclosures, please visit https://www.stifel.com/investor-relations/press-releases.

    Media Contact
    Neil Shapiro, (212) 271-3447
    shapiron@stifel.com

    Investor Relations Contact
    Joel Jeffrey, (212) 271-3610
    investorrelations@stifel.com

    The MIL Network –

  • MIL-OSI Australia: ACT Budget: What’s in it for Belconnen

    Source: Northern Territory Police and Fire Services

    Canberra’s Food Organics and Garden Organics (FOGO) pilot program will be expanded.

    2024–25 ACT Budget snapshot – Belconnen

    • New health centre for West Belconnen
    • FOGO pilot expanded
    • More housing for Belconnen
    • New and upgraded community facilities
    • Belconnen Transitway feasibility study

    With the ACT’s population set to reach 500,000 people by the end of 2027, the 2024–25 ACT Budget is funding the services and infrastructure this growing city needs.

    Through this year’s Budget, the ACT Government is delivering more public health services, providing cost of living relief for those who need it most, and improving housing choice, access and affordability.

    Some of the projects funded in Belconnen include:

    A new health centre for West Belconnen

    The 2024–25 ACT Budget is investing in health programs and infrastructure throughout the city.

    This includes funding to design and plan a new health centre in West Belconnen. This will help provide the right services closer to where people live.

    The Government is also investing in a new North Canberra Hospital, including upgrades to existing buildings to maintain services during construction and design work to relocate some existing services.

    More housing for Belconnen

    The ACT Government’s Indicative Land Release Program for 2024–25 to 2028–29 will help cater to the ACT’s growing population.

    As part of the program, 2,012 new homes are planned for Belconnen.

    FOGO pilot expanded

    Canberra’s Food Organics and Garden Organics (FOGO) pilot program will be expanded.

    This will generate useful information on how households in different types of multi-unit developments use the service.

    The pilot currently services 5,300 households in Belconnen, Bruce, Cook and Macquarie.

    An additional 1,150 units will be added, increasing the pilot by more than 20 per cent.

    New and upgraded community facilities

    The Budget will support new and upgraded community facilities and infrastructure across the region.

    This includes:

    • the expansion of the Belconnen Basketball Stadium
    • the replacement of the existing pavilion at Jamison Oval
    • upgrades to the Emu Bank foreshore
    • improving local shops at Charnwood Group Centre, Evatt, Kippax Group Centre, and Macquarie
    • delivering a new green waste processing facility and landscape depot in West Belconnen.

    The Government will also respond to community feedback regarding resources at ACT libraries. There will be new portable phone chargers and more power boards and charging stations, in addition to improving building security.

    More funding for mowing and horticulture

    The combination of unpredictable weather and a growing city have increased demands on those taking care of Canberra’s grass, trees, weeds and gardens.

    The Budget includes funding for 10 full-time positions and eight additional mowers to deliver an expanded baseline capacity in the ACT’s mowing teams.

    In the low season, mowing crews will assist with horticultural work across the city, including weeding, road edging and maintenance.

    Belconnen to City Transitway feasibility study

    The Government will undertake a bus transitway feasibility study to investigate potential upgrades to the transport corridor between Belconnen and the City.

    The study will focus on improving bus services to minimise congestion and delays between two of Canberra’s major population hubs.

    This initiative will be partially funded through a matching contribution from the Commonwealth Government.

    The Budget will also provide funding to finalise the duplication of William Hovell Drive and Gundaroo Drive between Ginninderra Drive and the Barton Highway.

    Support for education

    The region will benefit from a new suite of system-wide literacy and numeracy initiatives, called Strong Foundations, being rolled out across ACT public schools. The program will ensure all students have access to consistent, high-quality literacy and numeracy education.

    There will also be a range of school upgrades across Canberra as part of the ACT Government’s annual Asset Renewal Program.

    This includes roof replacement work at Charnwood Dunlop Primary School and Melba Copland Secondary School.

    The Budget also includes funding to deliver:

    • Strathnairn Primary School in the Ginninderry area, which will cater for over 600 preschool to year 6 students
    • a 130-place Early Childhood Education and Care service.

    Find out what else has been funded as part of the 2024-25 ACT Budget by clicking here.

    The ACT’s horticulture and mowing teams will receive a funding boost.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI: HBT Financial, Inc. to Announce First Quarter 2025 Financial Results on April 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    BLOOMINGTON, Ill., April 07, 2025 (GLOBE NEWSWIRE) —  HBT Financial, Inc. (NASDAQ: HBT) (the “Company” or “HBT Financial”), the holding company for Heartland Bank and Trust Company, today announced that it will issue its first quarter 2025 financial results before the market opens on Monday, April 21, 2025. A copy of the press release announcing the first quarter 2025 financial results and an investor presentation will be made available on the Company’s investor relations website at https://ir.hbtfinancial.com.

    About HBT Financial, Inc.

    HBT Financial, Inc., headquartered in Bloomington, Illinois, is the holding company for Heartland Bank and Trust Company, and has banking roots that can be traced back to 1920. HBT Financial provides a comprehensive suite of financial products and services to consumers, businesses, and municipal entities throughout Illinois and eastern Iowa through 66 full-service branches. As of December 31, 2024, HBT Financial had total assets of $5.0 billion, total loans of $3.5 billion, and total deposits of $4.3 billion.

    CONTACT:
    Peter Chapman
    HBTIR@hbtbank.com
    (309) 664-4556

    The MIL Network –

  • MIL-Evening Report: 3.5 million Australians experienced fraud last year. This could be avoided through 6 simple steps

    Source: The Conversation (Au and NZ) – By Gary Mortimer, Professor of Marketing and Consumer Behaviour, Queensland University of Technology

    Zigres/Shutterstock

    About 14% of Australians experienced personal fraud last year. Of these, 2.1 million experienced credit card fraud, 675,300 were caught in a scam, 255,000 had their identities stolen and 433,000 were impersonated online.

    According to the Australian Bureau of Statistics latest Personal Fraud Survey, between July 2023 and June 2024, Australians lost A$2.1 billion through credit card fraud.

    This was up almost 9% from the previous year. Even after reimbursements, the loss was still $477 million.

    These figures do not include financial loss through identity theft, or phishing, romance, computer support and dodgy financial advice scams.

    Why the increase?

    Research shows the more frequently we use technology, the more likely we are to be scammed. Monica Whitty from the Cyber Security Centre, University of Warwick, found victims of cyber-frauds were more likely to score high on impulsivity measures like ‘urgency’ and engage in more frequent online routine activities that place them at great risk of becoming scammed.

    We communicate via email, we shop online, use dating apps and allow technicians to remotely access our computers. Meanwhile, amazing “get rich quick” opportunities are apparently being liked by our friends on our socials almost every day.

    But too many of us do not stop and think, “is this legitimate?” It is no wonder we see personal fraud and scams increase every year.

    While the Australian Bureau of Statistics figures suggest older Australians (aged 45 and over) are more exposed to card fraud, research has found demographics are not a significant predictor of fraud victimisation.

    Taking risks

    Being too trusting, drives complacency, which produces gullibility. Think about an online dating sites. The site uses a multi-factor authenticator, it requires you to authenticate your photo, password protect your profile and read the scam warnings.

    A site’s apparent legitimacy increases your trust. Research has found if you perceive a platform to be legitimate you could be exposed to romance fraud. Fraudsters may be operating within a site, even if it is legitimate.

    Another strong predictor of exposure to online fraud is self-control. Self-control theory predicts individuals with low self-control tend to pursue their own self-interest without considering the negative consequences.

    Simply, if the investment scheme looks “too good”, they will mostly likely click on the link and get scammed.

    Giving away too much

    Some individuals are prone to self-disclosing personal information online – and scammers love personal information. Self-disclosure is defined as the amount of information a person decides to make common knowledge.

    Sometimes, we disclose, even when we don’t intend to. A common phishing technique on social media is status updates that read, “Your porn star name is your first pet’s name and the first street you lived on.”

    They’re interesting, funny and bring on a healthy dose of nostalgia, but the answers to those questions that you tap in for all to see are also most likely to be your security questions on your bank accounts.

    The most common scams in 2023-2024:

    • Buying or selling scams (1.4% or 308,200)
    • Information request or phishing scams (0.7% or 148,800)

    What is the government doing to protect me?

    The Australian government recently passed legislation which targets scams. It places increased responsibilities on banking and finance, telecommunications and digital platforms organisations to protect customers.

    Suspicious numbers can now be accompanied a warning of “potential fraud” on your smartphone screen. Banks are also informing customers about the latest scams. Some banking transactions can verify the identity of the payment recipient, to ensure the details you have match the actual account holder.

    While these will not stop all scams, they are a step towards reducing the number of victims and the amount of money lost to fraudulent approaches.

    Six steps to protect yourself

    There are some small but powerful steps we can all take to reduce the likelihood of financial harm.

    1. Passwords: it is important to have strong, unique passwords across your accounts. Using a password manager can help with this.

    2. Multi-factor authentication: many platforms will allow you to add extra layers of security to your account by using one-time passwords, authenticator apps, or tokens.

    3. Review privacy settings: be aware of the different settings on your accounts and ensure you are in control of what information you provide and what can be accessed by others.

    4. Be vigilant: know what you see and hear may not be real. The person or company you are communicating with may not be authentic. It is okay to be sceptical and take time to do your own checks.

    5. Money transfers: never send money you are not willing to lose. Too often, people will send money before realising it is a scam. Never feel rushed or forced into any financial decision. It is OK to say no.

    6. Credit monitoring: if you know or suspect you have been scammed, you can enact a credit ban, meaning no one can access your details or take further action in your name. This can be a good short-term solution.

    And if you are scammed …

    Anyone can report money lost in a scam to ReportCyber, the Australian online police reporting portal for cyber incidents. If you have received scam texts or emails, you can report these to Scamwatch, to assist with education and awareness activities.

    Gary Mortimer receives and has received funding from the Building Employer Confidence and Inclusion in Disability Grant, AusIndustry Entrepreneurs’ Program, National Clothing Textiles Stewardship Scheme, National Retail Association and Australian Retailers Association.

    – ref. 3.5 million Australians experienced fraud last year. This could be avoided through 6 simple steps – https://theconversation.com/3-5-million-australians-experienced-fraud-last-year-this-could-be-avoided-through-6-simple-steps-253623

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: H.R. 1764, Aligning SEC Regulations for the World Bank’s International Development Association Act

    Source: US Congressional Budget Office

    H.R. 1764 would exempt the International Development Association at the World Bank from the requirement to register securities that it issues or guarantees with the Securities and Exchange Commission (SEC). The exemption would not take effect if the Department of the Treasury determines that the association has provided financial assistance to any country identified by the Department of State as supporting terrorism. The SEC could require the association to file additional reports and, in consultation with the National Advisory Council on International Monetary and Financial Problems, suspend the exemption at any time.

    Using information about the cost of similar provisions, CBO estimates that it would cost the SEC less than $500,000 to update rules and process any additional disclosures by the Association. Moreover, because the SEC is authorized to collect fees each year to offset its annual appropriation, CBO expects that the net effect on discretionary spending over the 2025-2030 period would be negligible, assuming appropriation actions consistent with that authority.

    If the SEC increases fees to offset the costs associated with implementing the bill, H.R. 1764 would increase the cost of an existing mandate on private entities required to pay those assessments. CBO estimates that the incremental cost of the mandate would be small and would fall well below the annual threshold for private-sector mandates established in the Unfunded Mandates Reform Act (UMRA) ($198 million in 2023, adjusted annually for inflation).

    H.R. 1764 contains no intergovernmental mandates as defined in UMRA.

    The CBO staff contacts for this estimate are Aurora Swanson (for federal costs) and Rachel Austin (for mandates). The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News –

  • MIL-OSI: Brookline Bancorp, Inc. Announces First Quarter 2025 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, April 07, 2025 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) announced today that it will report first quarter 2025 earnings at the close of business on Wednesday, April 23, 2025. Management will host a conference call to review this information at 1:30 PM Eastern Time on Thursday, April 24, 2025. Interested parties may listen to the call and view a copy of the Company’s Earnings Presentation by joining the call via https://events.q4inc.com/attendee/955891780. To listen to the call without access to the slides, interested parties may dial 833-470-1428 (United States) or 404-975-4839 (internationally) and ask for the Brookline Bancorp conference call (Access Code 941481). A recorded playback of the call will be available for one week following the call at 866-813-9403 (United States) or 1-929-458-6194 (internationally). The passcode for this playback is 324302. The call will be available live or in a recorded version on the Company’s website at www.brooklinebancorp.com.

    ABOUT BROOKLINE BANCORP, INC.

    Brookline Bancorp, Inc. is a multi-bank holding company for Brookline Bank, Bank Rhode Island, PCSB Bank and their subsidiaries. Headquartered in Boston, Massachusetts, the Company has $11.9 billion in assets and branches throughout Massachusetts, Rhode Island, and New York. As a commercially-focused financial institution, the Company, through its banks, offers a wide range of commercial, business and retail banking services, including a full complement of cash management products, on-line banking services, consumer and residential loans and investment services designed to meet the financial needs of small-to mid-sized businesses and retail customers. The Company also provides equipment financing through its Eastern Funding subsidiary and wealth management services through its subsidiary, Clarendon Private, a registered investment advisor. More information about Brookline Bancorp, Inc. and its banks can be found at the following websites: www.brooklinebank.com, www.bankri.com, and www.pcsb.com.

    Brookline Bancorp, Inc.
    Carl M. Carlson 617-425-5331
    Co-President, Chief Financial and Strategy Officer

    The MIL Network –

  • MIL-OSI Europe: Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens

    Source: European Investment Bank

    The Latvian capital Riga will upgrade and expand its water-supply network with the help of a €70 million European Investment Bank (EIB) loan to municipal utility SIA Rīgas ūdens. The company, serving over 600,000 residents, will use the EIB credit to curb drinking water network seepages, reduce pollution threats, rehabilitate or upgrade nearly 60 km of supply pipes, and add 27 km of new supply pipes.

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB Group opens office in Latvia to support strategic investments

    Source: European Investment Bank

    EIB

    • EIB Group inaugurates an office in Latvia to accelerate strategic investments and sustainable growth in country.
    • New presence in capital Riga to deepen cooperation with EIB Group partners in public and private sectors.
    • Move reflects reinforced commitment to Baltic region.

    The European Investment Bank (EIB) Group opened an office in Latvia today to propel strategic investments and sustainable growth in the country. This office, located in the capital Riga, will focus on priority projects in areas including climate action, digitalisation, housing, security and defence.

    The EIB Group, which also includes the European Investment Fund (EIF), will use its presence in Riga to deepen cooperation with Latvian partners in the public and private sectors including small and medium-sized enterprises (SMEs).

    “The establishment of our office in Riga marks a milestone in our efforts to enhance financial accessibility and strengthen local financial markets,” said EIB Vice-President Thomas Östros. “It will serve as a focal point, where we can listen, engage, and support domestic needs more actively. Our goal is to drive innovation, sustainable development, and economic growth across various sectors in Latvia and the broader Baltic region.”

    “The opening of the EIB Group’s office in Riga highlights Latvia’s strategic importance and our commitment to sustainable development and economic growth,” said Latvian Finance Minister Arvils Ašeradens. “The EIB’s presence will enhance access to financing for public and private sector initiatives, strengthening the local financial market. We have already established successful cooperation with the EIB for affordable housing and are discussing further projects, including in the defence industry.”

    The EIB Group has invested over €4 billion in Latvia since the start of operations in the country in 1994 – with more than €3.5 billion from the EIB and over €560 million from the EIF. Last year, EIB Group financing in Latvia totalled €82 million.  

    Recent EIB operations in the country include a €200 million loan for energy utility Latvenergo to refurbish the power-distribution network and a €25 million credit for the University of Latvia to  build a state-of-the-art campus in Riga. For its part, the EIF has made recent financial commitments to a Latvian investment fund Merito Partners and to a fund managed by Latvia-based SG Capital.

    Today, the bank is lending €70 million to municipal utility Rīgas ūdens to improve and expand Riga’s water-supply network. This project aims to reduce drinking-water seepages and bolster environmental protection. 

    Future EIB Group priorities in Latvia include supporting renewable energy projects such as solar, wind, and energy storage; improving infrastructure; and fostering business innovation and startups.

    The EIB Group has recently approved additional measures to support security and defence in Europe. This will allow to finance projects dedicated to military uses, such as barracks, storage facilities, drones, helicopters, radars, satellites, advanced avionics, propulsion, and optics, while maintaining strong financing capacity.

    The bank has a pipeline of 14 defence projects expected for approval across Europe, including drones, space, cybersecurity, and quantum technologies, as well as facilities enhancing Europe’s defence capabilities.

    “I warmly welcome the EIB’s decision to open an office and establish a permanent presence in Riga,” said European Commissioner for Economy and Productivity Valdis Dombrovskis. “This move demonstrates the EIB’s strong commitment to supporting economic development in Latvia, and the broader Baltic-region, during these uncertain times. It will allow the EIB to better respond to the evolving needs of the Latvian economy, particularly in key areas such as renewable energy, infrastructure development, capital markets, and security and defence. EIB’s local presence will also enable it to offer more effective, timely support, and tailored solutions to local businesses and the national authorities, making an important contribution to Latvia’s development.”

    The new office, located in Novira Plaza, will be headed by Paulina Brzezicka, an experienced banker who had worked at EIB Group’s Luxembourg headquarters since 2013. “I am honoured to lead the EIB Group’s new office in Riga, reflecting the Bank’s commitment to the country. We have a strong pipeline of operations in Latvia and I look forward to collaborating with our local partners to support Latvia’s sustainable growth.”

    The EIB Group’s Office in Riga reflects a reinforced commitment to the Baltics as a whole, where to date the organisation has had a hub in the Lithuanian capital Vilnius covering all three Baltic States. Tomorrow the EIB Group will open an office in the Estonian capital Tallinn.        

    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.

    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
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    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
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    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
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    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
    Latvian capital Riga to get water-system upgrades with €70 million EIB loan to utility Rīgas ūdens
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  • MIL-OSI Asia-Pac: India launches first Digital Threat Report 2024 to support cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector

    Source: Government of India

    India launches first Digital Threat Report 2024 to support cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector

    At launch of Digital Threat Report 2024, MeitY Secretary S. Krishnan emphasizes need for unified cybersecurity framework to protect India’s financial backbone

    Report Identifies Sector-wide security gaps and emerging cyber risks, empowering BFSI institutions to strengthen defenses

    Report is meant to empower financial institutions to stay ahead of adversaries, adapt to emerging risks and build long-term cyber resilience: Dr. Sanjay Bahl, DG, CERT-In

    Posted On: 07 APR 2025 5:27PM by PIB Delhi

    In a landmark initiative to strengthen cybersecurity resilience in the Banking, Financial Services, and Insurance (BFSI) sector, CERT-In (MeitY), CSIRT-Fin and SISA, a global Cybersecurity company,  collaborated to launch the Digital Threat Report 2024 for the BFSI sector, a comprehensive analysis of current and emerging cyber threats and defense strategies.

    The report was launched by Secretary, Department of Financial Services, Ministry of Finance, Shri M Nagaraju and Secretary, Ministry of Electronics and Information Technology, Shri S Krishnan along with Director General, Computer Emergency Response Team (CERT-In) Dr Sanjay Bahl and Founder and CEO, SISA, Dharshan Shanthamurthy.

    Collaborative cyber defence strategy

    Speaking at the launch, Shri S. Krishnan, IAS, Secretary, Ministry of Electronics and Information Technology, Government of India, highlighted the growing cyber risks associated with the rapid digital transformation of the financial sector, stating: ” The interconnected nature of the BFSI ecosystem means that a single cyberattack can have systemic repercussions, impacting multiple entities beyond the initial target. This underscores the urgent need for coordinated cybersecurity efforts at a national and sectoral level. CERT-In and CSIRT-Fin play a vital role in mitigating these risks by collaborating with regulators, industry stakeholders, and global cybersecurity bodies to ensure timely detection, response, and recovery from cyber incidents. This report, developed in collaboration with SISA, will enable BFSI organizations to secure defenses, minimize financial stability risks, and build a collective cybersecurity strategy to counter sophisticated cyberattacks effectively

    Cybersecurity is the foundation of financial stability

    Shri M. Nagaraju, IAS, Secretary, Department of Financial Services, Ministry of Finance, underscored the critical need for stronger cyber defenses in financial services, emphasizing the far-reaching implications of cybersecurity on economic stability and trust – “Cybersecurity is no longer an optional safeguard but the foundation of financial stability in the digital age. As India’s BFSI sector rapidly expands, securing digital transactions is not just a regulatory necessity but an economic imperative. The Digital Threat Report 2024 for BFSI as a collaborative effort between national cybersecurity agencies and industry leaders highlights the urgency of an integrated approach – one that unifies technology, regulatory compliance, and proactive threat intelligence. It serves as a strategic blueprint, equipping financial institutions with the intelligence needed to anticipate vulnerabilities, strengthen their defenses, and build cyber resilience in an era of increasingly sophisticated threats.

    The report provides a holistic analysis of the cybersecurity landscape shaping the BFSI sector. The collaborative nature of this initiative, bringing together frontline cybersecurity providers, national agencies, and financial sector incident response teams, underscores the urgency of a proactive, intelligence-driven approach to mitigating digital risks.

    The BFSI sector is at the heart of global digital transformation, with digital payments projected to generate $3.1 trillion by 2028, accounting for 35% of total banking revenues. However, the rapid shift to digital transactions has also expanded the attack surface for cybercriminals. The 2024 Digital Threat Report stands apart by not only examining current threats and emerging vulnerabilities but also offering a deep dive into adversarial tactics that impact system-level operations. It provides a unique perspective on sector-wide security gaps while delivering a forward-looking analysis of anticipated cyber risks, equipping financial institutions with the insights needed to prepare for both todays and tomorrow’s cyber threats.

    Digital Threat Report 2024 offers multi-dimensional cyber insights

    Dr. Sanjay Bahl, Director General, Indian Computer Emergency Response Team (CERT-In), Ministry of Electronics and IT, Government of India on the occasion said, “Cybersecurity is not just about protecting individual entities – it’s about securing an entire ecosystem. In today’s hyper-connected world, threats evolve faster than ever, making collaborative intelligence-sharing essential. This report is meant to empower financial institutions to stay ahead of adversaries, adapt to emerging risks, and build long-term cyber resilience. Initiatives like these reinforce India’s commitment to setting global benchmarks in financial cybersecurity, ensuring that as digital transactions grow, they remain secure, trusted, and resilient against future threats.”

    The report integrates real-world cyber intelligence from SISA’s forensic investigations, CERT-In’s cybersecurity oversight, and CSIRT-Fin’s financial sector incident response expertise, offering a multi-dimensional perspective on emerging threats. By identifying key attack vectors, evolving adversarial tactics, and persistent security gaps, the report not only outlines current challenges but also provides practical, actionable recommendations to help financial organizations implement preventive and detective security measures across people, process, and technology.

    Commenting on the significance of the report, Dharshan Shanthamurthy, Founder & CEO of SISA, remarked: ” Cybersecurity resilience is built on collaboration. By integrating real-world threat intelligence, national cybersecurity insights, and financial sector incident response, this report delivers actionable intelligence that enables financial institutions to stay ahead of evolving threats. Our commitment extends beyond insights—we aim to fortify resilience in India’s BFSI sector and globally, driving a future where digital transactions are secure, seamless, and uncompromisingly protected.”

    The 2024 Digital Threat Report for BFSI is a call to action for financial institutions, regulators, and security professionals to adopt a proactive stance against cyber threats. As the sector faces growing challenges from AI-driven attacks, sophisticated fraud tactics, and compliance complexities, this report serves as a strategic guide to navigating the evolving cybersecurity landscape.

    About SISA:

    SISA is a global forensics-driven cybersecurity solutions company for the digital payments industry, trusted by leading organizations for securing their businesses with robust preventive, detective, and corrective cybersecurity solutions. SISA’s problem-first, human-centric approach helps businesses strengthen their cybersecurity posture. SISA applies the power of forensic intelligence and advanced technology to offer true security to over 2,000 customers across over 40 countries.

    For Digital Threat Report, click here  

    *****

    Dharmendra Tewari/Navin Sreejith

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    MIL OSI Asia Pacific News –