Category: Banking

  • MIL-OSI Australia: Opinion piece: Going further together in times of uncertainty

    Source: Australian Parliamentary Secretary to the Minister for Industry

    At times of global uncertainty, resilience doesn’t come from retreating inward – it comes from reaching outward.

    That’s the lesson of past economic shocks, and it’s one we must heed again as we confront the fourth major economic disruption in just 2 decades.

    It’s also the principle guiding Australia and Indonesia’s engagement at this week’s G20 Finance Ministers and Central Bank Governors’ Meeting in South Africa.

    We’re neighbours by geography, but partners by choice – and by the shared actions we take on the world stage.

    Last year, we marked 75 years of diplomatic ties, 50 years since Australia became ASEAN’s first dialogue partner, and 25 years of cooperation in the G20.

    Since then, we’ve modernised the ASEAN‑Australia‑New Zealand Free Trade Agreement and celebrated 5 years since IA‑CEPA was signed – a partnership that’s already seen our 2‑way trade double to $35 billion.

    To build on this momentum, Indonesia and Australia have agreed to review the IA‑CEPA, so we can generate broader and deeper economic integration.

    This review will also help ensure that the agreement remains relevant and continues to deliver value for our 2 economies.

    This is just one example of how we’re deepening our economic relationship even further.

    Subject to market conditions, Indonesia will also issue its first‑ever AUD‑denominated ‘Kangaroo bond’ in August – a vote of confidence and meaningful step forward, reflecting our deep bilateral ties.

    This will open new pathways for Australian investors to find quality investment products, support Indonesia’s growth and strengthen financial integration.

    It’s a practical example of the ambition that underpins our economic partnership – and the shared belief that resilience is built through cooperation, reform, and openness.

    Together, Australia and Indonesia are helping lead this effort within the G20 – just as we have for a quarter of a century, since the Asian Financial Crisis first brought finance ministers and central bankers around the same table.

    This year, our cooperation is more critical than ever.

    Around the world, growth is softening, inflation has been sticky, and global trade is under pressure from fragmentation and rising geopolitical risk.

    These challenges make our partnership – and our collective work in international forums – even more important.

    Both Australia and Indonesia have shown remarkable resilience.

    In Australia, inflation has moderated in a substantial and sustained way. Unemployment remains close to historic lows, real wages are growing again and we’ve delivered the first back‑to‑back budget surpluses in nearly 2 decades – alongside the biggest nominal budget turnaround in our history.

    Indonesia, too, has performed strongly – recording one of the highest growth rates in the G20, with inflation and unemployment consistently at the lowest rates since 1998, supported by a rapid fiscal consolidation after the pandemic and the creation of more than 3.5 million new jobs in the past year alone.

    This strength gives us momentum – but it doesn’t make us immune.

    We need to stay focused on the long‑term foundations of growth: productivity, fiscal sustainability, and resilience.

    Productivity, in particular, sits at the heart of both our national economic agendas – because it’s what drives better wages, better jobs, and stronger, more inclusive growth.

    For Indonesia, lifting productivity will be vital to reaching high‑income status by 2045. In Australia, it’s central to building a more modern, more adaptable, more inclusive economy.

    That means upskilling our workforces, attracting productive capital, and unlocking innovation – individually and together.

    And we both recognise the importance of fiscal sustainability, having pushed down our debt to GDP ratios to pre pandemic levels.

    Strong, responsible public finances are not just a fiscal shield – they’re a platform for long‑term investment, resilience and reform.

    At this week’s G20, Australia and Indonesia are standing together to supports sustainable, inclusive growth and open, fair and transparent trade in the spirit of multilateralism.

    Because in a world of churn and change, the right response is not retreat – it’s resolve.

    You see that in our collaboration on IA‑CEPA. You see it through Australia’s Southeast Asia economic strategy. You see it in Indonesia’s new Kangaroo bond. And you see it in our shared ambition to build a more integrated and more prosperous Indo‑Pacific.

    We’ve been close partners for decades. But in this moment of global challenge, we’re choosing to go further – and faster – together.

    MIL OSI News

  • MIL-OSI Submissions: Australia – CommBank Next Chapter Innovation partners help to address financial abuse in First Nations communities

    Source: Commonwealth Bank of Australia (CBA)

    CommBank releases its FY26-28 Elevate Reconciliation Action Plan (RAP) .

    CommBank has announced its 2025 Next Chapter Innovation partners, maintaining the program’s focus on supporting innovative, community-led programs that address financial abuse in First Nations communities.  

    This announcement coincides with the release of CommBank’s FY26-28 Elevate Reconciliation Action Plan (RAP) and reflects its ambition to be a trusted partner to First Nations peoples as they achieve their social, cultural and economic aspirations.

    Over the next 18 months two First Nations-led organisations, Mudgin-gal Aboriginal Corporation(NSW) and Mookai Rosie-Bi-Bayan (QLD) will each receive access to grants of up to $200,000 plus tailored non-financial assistance, including, executive mentoring, and capability-building support from across CommBank.

    Supporting solutions designed by the community, for the community

    Now in its third year, CommBank’s Next Chapter Innovation program is part of the bank’s broader commitment to help address domestic and family violence (DFC) and financial abuse, to support victim-survivors on their path to long-term financial independence.  

    Recent research by the Indigenous Consumer Assistance Network (ICAN) highlights that financial abuse can affect First Nations peoples in unique ways. The ICAN report explores how financial control within relationships and the exploitation of cultural obligations can create financial stress. It also emphasises the importance of culturally safe, community-led solutions to overcome barriers to seeking support.

    The Next Chapter Innovation program is investing in First Nations-led place-based initiatives that provide culturally informed, practical responses to financial abuse – creating safer pathways to financial security.

    Introducing CommBank’s 2025 Next Chapter Innovation partners

    This year’s partners were nominated by members of CommBank’s First Nations Employee Network and have been selected for their innovative, community-based approaches to supporting recovery in First Nations communities.

    Mudgin-gal Aboriginal Corporation (NSW) – Mudgin-gal – meaning “Women’s Place”, has stood at the heart of Redfern as a sanctuary for Aboriginal women and families. Entirely led by Aboriginal women, the organisation has become a beacon of community strength, cultural healing, and early intervention in the fight against family violence. Mudgin-gal Aboriginal Corporation will deliver Sacred Circles – trauma-informed, healing-led sessions that blend cultural practice with practical financial education, supporting women’s recovery and financial empowerment.  
    Mookai Rosie-Bi-Bayan (QLD) – With more than 35 years of experience providing healthcare and accommodation services to women and children of Queensland’s Cape York, NPA, and Torres Strait regions, Mookai Rosie-Bi-Bayan is continuing the legacy of their Aunties by establishing the ‘Building Futures, Building Communities’ program. The initiative will create a social enterprise that supports victim-survivor recovery and generates income by harnessing traditional knowledge of plants, to make medicinal healing products, empowering women with both cultural and economic strength.

    CommBank will also continue to work with its 2024 Next Chapter Innovation partners, Strong Women Talking and the Council of Aboriginal Services Western Australia (CASWA).

    Mitchell Heritage, CommBank Executive Manager looking after First Nations business banking and a member of CommBank’s Indigenous Leadership Team said: “CommBank’s Next Chapter Innovation program was established to help break the cycle of financial abuse and empower people to rebuild long-term financial independence. This year, we are pleased to support First Nations communities through the program by investing in innovative, culturally informed programs. We are proud to back community-led organisations that are delivering real change on the ground.”

    For further details on CommBank’s Next Chapter support, visit: commbank.com.au/nextchapter

    CommBank launches FY26-28 Elevate RAP

    This announcement aligns with the delivery of the Bank’s eighth Reconciliation Action Plan. Through the FY26-28 RAP, CommBank has reaffirmed its commitment to deliver 12 reconciliation priorities that will strengthen the Bank’s engagement with First Nations people across four key areas – reconciliation and community, education and careers, business success and growth, and financial inclusion.

    In endorsing the Bank’s latest RAP, Karen Mundine, CEO of Reconciliation Australia said: “Commonwealth Bank’s FY26-28 Elevate RAP sets out their priorities in further strengthening their engagement with First Nations peoples. It builds on the Bank’s previous reconciliation commitments; through listening to the voices and expertise of First Nations people and using that knowledge to continually expand their strategies, the Bank demonstrates a sustainable approach to their reconciliation program, now and into the future.”

     For further details on CommBank’s FY26-28 Elevate RAP, including the Bank’s FY26-28 RAP priorities, visit: commbank.com.au/reconciliation.

    Anyone worried about their finances because of domestic or family violence or coercive control can contact the Next Chapter Team on 1800 222 387 for support – no matter who they bank with. 

    If you or someone you know is experiencing domestic or family violence, call 1800RESPECT (1800 737 732) or visit www.1800RESPECT.org.au or 13 YARN (13 92 76 or www.13yarn.org.au).

    In an emergency or if you’re not feeling safe, always call 000.

    Further information: demonstrated impact of the Next Chapter Innovation program through independent evaluation

    An independent evaluation of CommBank’s Next Chapter Innovation program conducted by UNSW found that the first cohort of partners delivered significant outcomes, with broad reach across communities and the sector.  

    Key program results:  

    Engagement with nearly 600 clients and service users.
    Collaboration with more than 150 stakeholders through workshops and consultations.
    The development of two new practice models and guidelines to strengthen responses to financial abuse.

    Unique achievements of the individual partners include:

    • Afghan Women on the Move worked with 500 Afghan and multicultural women to build financial skills, improve digital literacy, recognise financial abuse and explore employment and small business opportunities  
    • YFS Ltd enhanced sector-wide knowledge of technology facilitated abuse, engaging 90 victims-survivors and 133 sector workers to improve safety, wellbeing and response capability. 
    • EACH engaged 35 national stakeholders to co-design a service model addressing financial abuse in small business, intended for future implementation through a National Centre for Financial Abuse in Small Business. 
    • Indian (Sub-Cont) Crisis Support Agency developed a framework for communities and practitioners to better identify and respond to dowry abuse in South Asian communities.

    MIL OSI – Submitted News

  • MIL-OSI New Zealand: Inflation remains within target range

    Source: New Zealand Government

    New data released today shows inflation remains under control, Finance Minister Nicola Willis says.

    Stats NZ released the Consumers Price Index today, showing inflation increased slightly to 2.7 per cent in the 12 months to the June 2025 quarter, remaining in the Reserve Bank’s target range.

    “It’s the fourth consecutive quarter inflation has remained within the target range – a stark contrast to under the previous government, where inflation raged on unchecked, reaching 7.3 per cent in 2022,” Nicola Willis says.

    “New Zealanders can be assured it now has a Government that is paying attention to forces that affect their cost of living.

    “It’s pleasing to see non-tradeables inflation – which paints a picture of domestic demand and supply conditions – continues to fall.

    “However, the effect of council rates on inflation is a concern.”

    Stats NZ noted the largest single contributor to annual inflation was local authority rates and payments, which rose 12.2 per cent in the year.

    “That’s why this Government has also been clear in its call to councils to focus on the basics and keep rates under control. We look forward to councils taking heed of this and playing their role as stewards of ratepayers’ money better in the future.

    “External pressures on inflation remain, and we must remain cautious – it’s a reminder that the economic recovery is not to be taken for granted.

    “That’s why this Government is focused on economic growth, because that is New Zealand’s pathway to more jobs, higher incomes and the money to pay for schools, hospitals and safer communities.”

    MIL OSI New Zealand News

  • MIL-OSI Africa: President El-Sisi Meets Secretary-General of the League of Arab States

    Source: APO


    .

    Today, President Abdel Fattah El-Sisi received the Secretary-General of the League of Arab States, Mr. Ahmed Aboul Gheit.

    The Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the meeting addressed the latest developments pertinent to Arab crises and issues, mainly the situation in Gaza Strip and the West Bank, as well as the massive efforts being made by Egypt and Qatar to achieve a ceasefire and ensure the delivery of humanitarian aid to the people of Gaza. This is in addition to the pursuit of a just and comprehensive resolution to the Palestinian cause through the establishment of an independent Palestinian state, in accordance with international legitimacy, the protection of the rights of the Palestinian people and the prevention of their displacement and the compromise of their just cause.

    The meeting also touched on the latest developments in Syria and Libya, in addition to the situation in Sudan and the ongoing efforts to restore security and stability there. The meeting also covered the political and security situations in the Horn of Africa and the security of the Red Sea.

    President El-Sisi reaffirmed Egypt’s steadfast commitment to supporting the Arab League, based on its deep belief in the League’s pivotal role in strengthening joint Arab action and unifying Arab ranks in the face of the region’s complex and unprecedented challenges. For his part, the Secretary-General of the Arab League valued Egypt’s wise positions, which contribute to restoring security and stability in the Middle East, especially through its support for a just and final solution to the Palestinian issue, as the only path to achieving lasting and comprehensive peace in the region.

    Distributed by APO Group on behalf of Presidency of the Arab Republic of Egypt.

    MIL OSI Africa

  • MIL-OSI: ALL4 Mining Highlights XRP Breakout: Cryptocurrency Surges Past $3, Daily Profits Become Accessible to All

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 20, 2025 (GLOBE NEWSWIRE) — ALL4 Mining, a global cloud-based crypto earning platform, highlights the surge of XRP as it crosses the $3 threshold — a major milestone in the cryptocurrency market. This development has helped XRP resurface as one of the most impactful digital assets. After several years of legal proceedings and maturing technology, Ripple’s token is regaining institutional momentum. With increasing global demand, investor confidence is being revived, drawing renewed attention to the XRP ecosystem.

    Behind XRP’s Breakout: What’s Fueling the Growth?
    The rise in XRP’s value is not accidental. It is driven by tangible market developments and enhanced functionality within the Ripple ecosystem.
    Key Catalysts Propelling XRP’s Surge:
    Remedial Legal Proceedings: Ripple’s legal win against the SEC in 2024 removed a significant legal impediment and restored faith in the token. 
    Enterprise Usage: The largest financial institutions-mostly in the U.S., India, U.K., and Japan etc.-have started to use XRP to provide lightning-fast borderless payments. 
    Technical Development: The XRP Ledger (XRPL) has been upgraded to provide smart contracts so many different innovative use-cases can now be introduced and complex financial applications or decentralized applications could be developed. 
    Bigger Footprint: Ripple have made progress in many of the emerging economies, which now includes many out of their ecosystems to include XRP into critical flows of cross-border financial movement. 
    Efficiency: XRP has near lightning speed and is very low fees and would serve as an efficient alternative to traditional incoming payment channels. 
    These fundamentals are reinforcing XRP’s status as a utility-driven asset, rather than a speculative investment.
    ALL4 Mining: A Modern Path to Passive XRP Accumulation
    As the demand for low-barrier cryptocurrency income entry continues to grow, ALL4 Mining provides a real opportunity for users to earn XRP without trading, mining hardware or any experience.
    Users can now mine major cryptocurrencies such as Bitcoin, Litecoin and Dogecoin through a cloud platform and exchange the proceeds for XRP without any trading process. This new model allows anyone to join the XRP ecosystem from all over the world.
    What are the advantages of ALL4 Mining?
    $15 instant sign-up bonus
    Daily passive income — up to $0.60/day, no upfront costs
    Advanced security measures — McAfee Secure + Cloudflare Firewall
    User-friendly apps — for Android and iOS, Google systems
    Globally available, 24/7 support
    ALL4 Mining bridges the gap between passive income and XRP ownership, providing a flexible and secure experience for users of all levels.
    Step-by-Step: How to Start Earning XRP Effortlessly
    Getting started with ALL4 Mining is fast and hassle-free. No hardware. No configuration. No technical skills required.
    Simple Process to Get Started:          
    Sign up and receive a $15 welcome credit
    Activate a free or premium mining plan
    Start generating returns in BTC, LTC, or DOGE
    Convert earnings into XRP directly in the app
    Withdraw or reinvest as you see fit
    This streamlined process makes XRP accessible to students, freelancers, and full-time professionals alike.
    Tailored Mining Plans to Suit All Investor Types
    ALL4 Mining offers a wide variety of mining plans to fit every budget. Whether you’re looking to get started with a small amount or ready to scale with a larger portfolio, there’s an option designed to match your goals.

    BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8

    LTC [classic computing power contract]: investment amount: $600, contract period: 6 days, daily income of $7.2, expiration income: $600 + $43.2

    BTC [classic computing power contract]: investment amount: $3,000, contract period: 20 days, daily income of $42, expiration income: $3,000 + $840

    DOGE [classic computing power contract]: investment amount: $5,000, contract period: 31 days, daily income of $74, expiration income: $5,000 + $2,294

    BTC [advanced computing power contract]: investment amount: $10,000, contract period: 40 days, daily income of $170, expiration income: $10,000 + $680

    BTC [advanced computing power contract]: investment amount: 50,000 USD, contract period: 48 days, daily income: USD 930, maturity income: USD 50,000 + USD 44,640

    BTC [Super Computing Power Contract]: Investment amount: USD 150,000, contract period: 45 days, daily income: USD 3,000, maturity income: USD 150,000 + USD 135,000

    These plans offer consistent returns while enabling users to diversify their crypto income stream and build real XRP wealth.
    XRP Outlook: Is $5 on the Horizon?
    With the $3 milestone now behind us, many analysts expect XRP to reach $4 or even $5 by Q4 2025. Momentum is building not only from market demand but also from developments within the XRP Ledger ecosystem.
    Market Indicators Supporting Bullish Projections:
    Token Supply Reduction via regular burn mechanisms
    RippleNet Transaction Volumes at record levels
    Major Banking Alliances forming worldwide
     XRPL-Powered DeFi Tools gaining traction
    XRP’s rising demand is supported by real use cases — not hype. This solid foundation increases its potential to outperform many altcoins in the coming months.
    Why ALL4 Mining + XRP Is the Smart Play in 2025
    Acquiring XRP through ALL4 Mining is a progressive method for cryptocurrency enthusiasts searching for a stable and low-risk entry point into the cryptocurrency market. 
    Instead of buying XRP at volatile prices or taking the risk of trading in an uncertain market condition, users have the ability to earn XRP passively, build steady accumulation of XRP, and convert XRP to fiat currency on their terms when the market is in their favor. 
    This opportunity can be recommended to anyone that wants to diversify income, limit financial exposures, and gain access to one of the most favorable crypto assets of the decade.
    Get Started Today: Secure Your XRP Future with ALL4 Mining
    2025 is already proving to be a breakthrough year for XRP. With platforms like ALL4 Mining, the opportunity to grow your holdings has never been more accessible.
    Whether you’re new to crypto or looking to build long-term wealth, ALL4 Mining provides the tools, technology, and returns to help you thrive.

    Join now at https://all4mining.com
     Contact Support: info@all4mining.com
    Start earning XRP the smarter way — the ALL4 Mining way.

    Attachment

    The MIL Network

  • MIL-OSI: Topnotch Crypto launches innovative cloud mining app to help users easily increase the value of digital assets

    Source: GlobeNewswire (MIL-OSI)

    Houston, Texas, July 20, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto has officially rolled out its all-new mobile cloud mining app, making it easier than ever for anyone to mine popular cryptocurrencies like BTC, ETH, and DOG. The app delivers a seamless, zero-commission mining experience with no need for hardware, technical skills, or complicated setup — and is designed to work anytime, anywhere, straight from your smartphone or desktop.

    Whether you’re drinking coffee at your favorite café, on vacation at the beach, or simply relaxing at home, Topnotch Crypto ensures that your mining operations stay active, secure, and profitable — 24/7.

    Cloud Mining Made Convenient and Mobile

    Topnotch Crypto’s latest innovation offers something many platforms don’t — true freedom and flexibility. The mobile app transforms your device into a full-fledged mining dashboard, so you’re not chained to bulky hardware or stuck monitoring rigs from a desk.

    From registering and activating a mining contract to checking real-time earnings or making withdrawals, everything can be done with just a few taps on your phone. You can start earning passive income with crypto even while traveling, running errands, or enjoying your downtime.

    Mining Without the Mess – No Hardware Needed

    Forget expensive GPUs, noisy mining rigs, and skyrocketing electricity bills. Topnotch Crypto operates entirely in the cloud, so you get access to high-performance mining power without any of the usual tech stress.

    Here’s how it works:

    • Register now to receive a $15 bonus
    • Pick a mining plan
    • Start earning daily rewards instantly
       All through a simple, mobile-friendly interface available on iOS, Android, and desktop.

    One-Tap Mining with Real-Time Insights

    With just one tap, users can activate mining contracts and monitor live stats — such as hash rate performance, daily earnings, and withdrawal status — through a clean, responsive dashboard.

    The app’s real-time data lets users make smarter decisions and track their profits as they grow, all while going about their day. Whether you’re aiming for short-term gains or building a long-term passive income strategy, the app makes it effortless.

    Zero Commissions, full Rewards

    Unlike many platforms that charge hidden fees or take a cut of your rewards, Topnotch Crypto follows a zero-commission model. That means:

    • You keep Fullprofit of your mining earnings
    • No middlemen
    • No surprise costs

    Every mining cycle is optimized for maximum efficiency, ensuring the highest return on your time and energy — literally.

    Built for Beginners and Pros Alike

    Whether you’re new to crypto or a seasoned miner, the app is built to support all experience levels. The intuitive design removes the learning curve, while the advanced cloud infrastructure provides power and speed for more serious investors.

    Key Features:

    • Cloud-based mining — no physical setup needed
    • Mobile-first interface — mine anytime, anywhere
    • Daily payouts — consistent earnings
    • Supports BTC, ETH, XRP, LTC,DOG & more
    • Real-time performance tracking
    • Multi-device compatibility (iOS, Android, desktop)

    Military-Grade Security and Full Transparency

    Topnotch Crypto doesn’t just make mining simple — it makes it safe. The app uses:

    • Bank-grade encryption
    • Distributed cloud architecture

    All user data and transactions are securely stored and protected, while wallet integrity and system uptime remain consistently reliable.

    Rapid Growth and What’s Coming Next

    Since its early access release, the app has gained rapid popularity among crypto users around the world. The community continues to grow on platforms like Telegram, Twitter, and Discord, where miners share results, strategies, and feedback.

    Topnotch Crypto is planning exciting updates soon, including:

    • AI-powered mining optimization
    • Staking options
    • DeFi wallet integration

    These additions will further enhance profitability and functionality for all users.

    Start Mining from Anywhere — Today

    Getting started takes just a few minutes — and with no upfront investment in hardware or technical skills required, anyone can now participate in the crypto economy.

    Whether you’re looking for a side income or building long-term crypto assets, Topnotch Crypto gives you the power to mine smarter, faster, and wherever life takes you.

    About Topnotch Crypto

    Topnotch Crypto is a global blockchain company focused on democratizing access to digital wealth. Through cutting-edge Web3 tools and secure cloud-based mining technology, the company empowers users worldwide to mine and earn with ease — anytime, anywhere.

    For more information, visit https://topnotchcrypto.com

    Media Contact: info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI: Topnotch Crypto launches innovative cloud mining app to help users easily increase the value of digital assets

    Source: GlobeNewswire (MIL-OSI)

    Houston, Texas, July 20, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto has officially rolled out its all-new mobile cloud mining app, making it easier than ever for anyone to mine popular cryptocurrencies like BTC, ETH, and DOG. The app delivers a seamless, zero-commission mining experience with no need for hardware, technical skills, or complicated setup — and is designed to work anytime, anywhere, straight from your smartphone or desktop.

    Whether you’re drinking coffee at your favorite café, on vacation at the beach, or simply relaxing at home, Topnotch Crypto ensures that your mining operations stay active, secure, and profitable — 24/7.

    Cloud Mining Made Convenient and Mobile

    Topnotch Crypto’s latest innovation offers something many platforms don’t — true freedom and flexibility. The mobile app transforms your device into a full-fledged mining dashboard, so you’re not chained to bulky hardware or stuck monitoring rigs from a desk.

    From registering and activating a mining contract to checking real-time earnings or making withdrawals, everything can be done with just a few taps on your phone. You can start earning passive income with crypto even while traveling, running errands, or enjoying your downtime.

    Mining Without the Mess – No Hardware Needed

    Forget expensive GPUs, noisy mining rigs, and skyrocketing electricity bills. Topnotch Crypto operates entirely in the cloud, so you get access to high-performance mining power without any of the usual tech stress.

    Here’s how it works:

    • Register now to receive a $15 bonus
    • Pick a mining plan
    • Start earning daily rewards instantly
       All through a simple, mobile-friendly interface available on iOS, Android, and desktop.

    One-Tap Mining with Real-Time Insights

    With just one tap, users can activate mining contracts and monitor live stats — such as hash rate performance, daily earnings, and withdrawal status — through a clean, responsive dashboard.

    The app’s real-time data lets users make smarter decisions and track their profits as they grow, all while going about their day. Whether you’re aiming for short-term gains or building a long-term passive income strategy, the app makes it effortless.

    Zero Commissions, full Rewards

    Unlike many platforms that charge hidden fees or take a cut of your rewards, Topnotch Crypto follows a zero-commission model. That means:

    • You keep Fullprofit of your mining earnings
    • No middlemen
    • No surprise costs

    Every mining cycle is optimized for maximum efficiency, ensuring the highest return on your time and energy — literally.

    Built for Beginners and Pros Alike

    Whether you’re new to crypto or a seasoned miner, the app is built to support all experience levels. The intuitive design removes the learning curve, while the advanced cloud infrastructure provides power and speed for more serious investors.

    Key Features:

    • Cloud-based mining — no physical setup needed
    • Mobile-first interface — mine anytime, anywhere
    • Daily payouts — consistent earnings
    • Supports BTC, ETH, XRP, LTC,DOG & more
    • Real-time performance tracking
    • Multi-device compatibility (iOS, Android, desktop)

    Military-Grade Security and Full Transparency

    Topnotch Crypto doesn’t just make mining simple — it makes it safe. The app uses:

    • Bank-grade encryption
    • Distributed cloud architecture

    All user data and transactions are securely stored and protected, while wallet integrity and system uptime remain consistently reliable.

    Rapid Growth and What’s Coming Next

    Since its early access release, the app has gained rapid popularity among crypto users around the world. The community continues to grow on platforms like Telegram, Twitter, and Discord, where miners share results, strategies, and feedback.

    Topnotch Crypto is planning exciting updates soon, including:

    • AI-powered mining optimization
    • Staking options
    • DeFi wallet integration

    These additions will further enhance profitability and functionality for all users.

    Start Mining from Anywhere — Today

    Getting started takes just a few minutes — and with no upfront investment in hardware or technical skills required, anyone can now participate in the crypto economy.

    Whether you’re looking for a side income or building long-term crypto assets, Topnotch Crypto gives you the power to mine smarter, faster, and wherever life takes you.

    About Topnotch Crypto

    Topnotch Crypto is a global blockchain company focused on democratizing access to digital wealth. Through cutting-edge Web3 tools and secure cloud-based mining technology, the company empowers users worldwide to mine and earn with ease — anytime, anywhere.

    For more information, visit https://topnotchcrypto.com

    Media Contact: info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or a trading recommendation. Cryptocurrency mining and staking involve risks and may result in the loss of funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network

  • MIL-OSI Africa: Standard & Poor (S&P) Reaffirms Islamic Corporation for the Insurance of Investment and Export Credit’s (ICIEC) AA- Financial Strength and Issuer Credit Rating with Stable Outlook

    Source: APO – Report:

    .

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and member of the Islamic Development Bank Group, has marked another significant milestone with the reaffirmation of its “AA-” long-term issuer credit and financial strength rating by Standard & Poor’s (S&P), with a stable outlook. This rating remains the highest within its peer group globally.  

    The reaffirmation underscores ICIEC’s solid credit profile with robust financial strength and low credit risk. S&P expects ICIEC to continue expanding its business operations while maintaining robust levels of capital adequacy, exceptional liquidity buffers, and steadily increasing profitability.  

    The rating report reconfirms ICIEC’s Enterprise Risk Profile (ERP) as ‘strong’ under S&P’s Multilateral Lending Institutions (MLIs) criteria, underpinned by the corporation’s supportive shareholder base, strong Preferred Creditor Treatment (PCT), and unique policy role of conducting all business in a Shariah-compliant manner. 

    Moreover, for the second year, S&P assesses ICIEC’s Financial Risk Profile (FRP) as ‘very strong’ under its insurance criteria, as ICIEC’s capital adequacy shows a significant buffer above the 99.99% confidence level, as measured by its insurers’ risk-based capital model. Additionally, the Corporation maintains exceptional liquidity, reaffirming its upscaled financial strength. 

    sincerely congratulate the Member States, His Excellency the Chairman and distinguished Members of the ICIEC Board of Directors, and the dedicated Staff for their unwavering commitment and sustained achievements.” said Dr. Khalid Khalafalla, CEO of ICIEC. ” Aligned with the IsDB Group’s strategic direction, we reaffirm our deep commitment to supporting Member States through advancement of Islamic finance and key development priorities, including green financing, ESG integration, and food security. ICIEC will continue to play an integral role in implementing the Group’s strategy in the years ahead.” added Dr. Khalid. 

    The reaffirmation of the “AA-” highlights ICIEC’s strong financial position, prudent risk management, and sound governance practices. It also underscores the Corporation’s ability to navigate complex global challenges and its commitment to supporting sustainable economic development in member states. 

    – on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

    Contact:
    Email: ICIEC-Communication@isdb.org 

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    About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC): 
    As a member of the “AAA” rated Islamic Development Bank (IsDB), ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is the only Islamic multilateral insurer in the world. It has led from the front to deliver a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) industry. Additionally, S&P has reaffirmed ICIEC’s “AA-“ long-term Issuer Credit and Financial Strength Rating for the second year with a stable outlook. ICIEC’s resilience is underpinned by its sound underwriting, global reinsurance network, and strong risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors—energy, manufacturing, infrastructure, healthcare, and agriculture.  

    For more information, Visit http://ICIEC.IsDB.org 

    MIL OSI Africa

  • MIL-OSI China: Key takeaways from US stablecoin law: What it means for global finance

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

    Photo taken on March 28, 2022 shows the Capitol building in Washington, D.C., the United States. [Photo/Xinhua]

    U.S. President Donald Trump on Friday signed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, into law, marking the country’s first major federal law governing cryptocurrencies.

    Passed by a bipartisan majority in Congress, the legislation gave an immediate boost to market sentiment: the total value of cryptoassets surged past $4 trillion, according to CoinGecko, a cryptocurrency data aggregator website.

    “This could be perhaps the greatest revolution in financial technology since the birth of the Internet itself,” said Trump.

    What are stablecoins?

    Unlike volatile cryptocurrencies like Bitcoin, stablecoins are designed to hold a steady value by being pegged one-to-one to a stable asset, usually to the U.S. dollar. For every stablecoin in circulation, the issuing company is expected to hold equivalent reserves, such as cash or short-term Treasury bonds.

    In a Brookings Institution report, stablecoins currently in circulation have a collective market capitalization of over $250 billion with approximately 99% pegged to the U.S. dollar.

    Among major stablecoin issuers are Tether (USDT) with a market cap of nearly $161 billion, and Circle (USDC) with about $65 billion, according to data from CoinMarketCap.

    “At the end of the day, it’s about being able to send dollars outside of banking hours and to send dollars the way you and I might interact with WhatsApp or messaging platforms,” Circle’s chief strategy officer Dante Disparte told CBS in a recent interview.

    With the GENIUS Act passed, banks, nonbanks and credit unions could dive into the market by issuing their own stablecoins, local media reported.

    Citigroup CEO Jane Fraser said on the company’s earnings call Tuesday that the bank is considering issuing its own form of the cryptocurrency.

    Pros and cons

    Stablecoins emerged in 2014 and have since ballooned in popularity particularly for their potential use in digital payments, said Darrell Duffie, a professor of finance at Stanford University.

    The total market value of stablecoins soared from $20 billion  in 2020 to $246 billion in May 2025, according to analysts at Deutsche Bank.

    U.S. Senator Bill Hagerty said stablecoins could allow businesses and consumers to settle payments “nearly instantaneously,” as opposed to the current system, which can take weeks.

    In some developing countries, where dollars aren’t easily accessible, firms with international partners are turning to stablecoins to speed up transfers that would otherwise take days or weeks through traditional banks.

    However, stablecoins come with mounting concerns. Among the biggest are the depegging risks. If reserve assets lose value or liquidity, stablecoins may break their peg. This can trigger trading losses or systemic market risks to insolvency and liquidity, as seen during the 2023 banking crisis, said a report from S&P Global Ratings.

    Another risk is lack of transparency. John Reed Stark, a former top financial regulator who served as chief of the SEC Office of Internet Enforcement, said, “In most instances, we have no visibility to any stablecoins, no public audits, no examinations, no inspections — who knows what is really going on?”

    A further concern revolves around the potential use of stablecoins by illicit actors, such as drug dealers and scammers. Zhao Yao, a researcher at Renmin University of China, said that the anonymity and decentralized nature of stablecoins could facilitate money laundering and other illegal transactions.

    Implications for U.S. and global finance

    The GENIUS Act aligns with Trump’s pledge to make the United States “the crypto capital of the world.”

    Christian Catalini, founder of the MIT Cryptoeconomics Lab, said this move could usher in mainstream adoption of stablecoins for digital payments and spur growth in the stablecoin industry.

    Lawmakers also passed two other crypto bills, rounding out what Republicans called “Crypto Week.” The Clarity Act will regulate digital commodities beyond stablecoins, and the Anti-CBDC Surveillance State Act prevents the Federal Reserve from issuing any retail central bank digital currency directly to Americans. The Trump administration and crypto advocates see the moves as a step toward mainstream adoption, local media reported.

    Eneko Knorr, CEO of Stabolut, said that stablecoins “strengthen dollar dominance” by boosting demand for dollars and U.S. Treasuries in global trade — though others like Dean Baker, co-director at the Center for Economic and Policy Research, argued that the benefits are “trivial” compared to central bank digital currencies, which offer similar advantages without the risks of private issuers.

    However, one point of controversy in this legislation is whether and how to restrict the ability of the president and other federal politicians from issuing stablecoins of their own, wrote a Brookings Institution commentary.

    The Trump family has direct ties to crypto ventures, including a meme coin called $TRUMP, and a business called World Liberty Financial, which has launched a stablecoin called USD1 — though the White House has said that there are no conflicts of interest present for Trump and that his assets are in a trust managed by his children.

    Hillary Allen, a law professor at American University, said in an interview with CNN that the crypto industry poured money into Trump’s reelection campaign and congressional races. “This is the return on investment for the campaign spending by the crypto industry,” Allen said.

    Critics also worry about unintended macroeconomic consequences. The Economist warned if consumers move funds from bank deposits into stablecoins, banks could lose key funding sources, limiting their ability to lend.

    It also pointed out an irony in U.S. Treasury Secretary Scott Bessent’s ambition to popularize stablecoins globally: Efforts to expand stablecoin use abroad could backfire economically at home — strengthening the dollar but undermining U.S. exports and trade goals.

    MIL OSI China News

  • MIL-OSI: XRP Breaks Above $3 as ALL4 Mining Opens the Floodgates to Passive Crypto Wealth in 2025

    Source: GlobeNewswire (MIL-OSI)

    Philadelphia, Pennsylvania, July 19, 2025 (GLOBE NEWSWIRE) —  XRP has officially broken above the long-awaited $3 mark, reigniting interest in Ripple’s native token and sending bullish waves across the crypto industry. This isn’t just another price spike — it’s a pivotal moment. After years of legal hurdles, technological upgrades, and adoption milestones, XRP has cemented its place as a top-tier digital asset.
    Riding this wave of momentum is ALL4 Mining, a next-gen cloud mining platform empowering users across 200+ countries to passively earn crypto — including XRP — without expensive hardware or complex trading strategies. As investors seek smarter, lower-risk ways to join the digital gold rush, ALL4 Mining offers an easy on-ramp to the booming XRP market.
    Why Is XRP Surging Beyond $3 in 2025?
    XRP’s recent surge is the result of a perfect combination of market optimism, favorable regulation, and a resurgent utility. For years, XRP has been lingering under the shadow of regulatory uncertainty. However, with Ripple’s victory over the SEC lawsuit in 2024, the token has received the green light from both institutional and retail investors.
    Key Drivers of XRP’s Growth:
    Regulatory Clarity: Ripple’s favorable SEC ruling has allayed many of the concerns of investors.
    Institutional Integration: Banks, fintech applications, and global remittance providers are using XRP for instant cross-border transactions.
    XRPL Upgrade: The XRP Ledger now supports smart contracts, helping the decentralized finance (DeFi) and NFT ecosystems flourish.
    ALL4 Mining: Your Gateway to Earning XRP Daily

    As XRP continues to grow in value and demand, the challenge is: how do you get regular people involved without having to buy the token directly or take on huge risks?
    ALL4 Mining is now available.
    This revolutionary cloud mining platform is changing the game by allowing users to mine popular coins like Bitcoin, Litecoin, and Dogecoin and convert their profits into XRP directly within the platform.
    ALL4 Mining Highlights:
    Every new user registers and gets $15 in free rewards.
    Daily mining earnings up to $0.60 with no investment required.
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    Globally accessible with 24/7 customer support.
    No miner required. No programming skills required. Easy and stress-free. ALL4 Mining opens the crypto economy to anyone with a mobile phone and an internet connection.

    How to Earn XRP Using ALL4 Mining

    The platform is designed to be beginner-friendly. Once you register and activate your account, you can begin mining immediately using the free bonus. Profits are generated daily, and you can track them live in your dashboard.
    Once your mined rewards (BTC, LTC, or DOGE) accumulate, you can convert them into XRP directly in the app.
    The XRP-Earning Blueprint:
    Register at ALL4 Mining and get your $15 sign-up credit.
    Start mining BTC, LTC, or DOGE using a free or paid plan.
    Earn daily rewards while you sleep.
    Convert profits into XRP using the in-app conversion tool.
    Withdraw or reinvest — it’s your call.
    This seamless ecosystem makes XRP ownership possible for users who never thought they could afford or understand crypto.
    Choose Your Mining Plan and Build Real XRP Wealth
    ALL4 Mining provides flexible plans to suit every budget — from free mining to professional contracts with high ROI. Every plan comes with instant activation, real-time tracking, and full withdrawal flexibility.

    BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8

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    Whether you’re a casual crypto enthusiast or a serious investor, ALL4 Mining provides a powerful strategy to accumulate XRP passively — without any of the risks of direct trading.
    What’s Next for XRP? Is $4 or $5 Possible?
    After crossing $3, market analysts are bullish that XRP’s next stop could be $4 or even $5 by year-end. The XRPL ecosystem continues to evolve, with more developers building DeFi tools, Web3 apps, and payment systems using XRP.
    Bullish Indicators:
     XRP’s token burn mechanisms are reducing circulating supply.
    RippleNet volume is at an all-time high. Corporate partnerships with banking institutions are expanding.
    Developers are launching DeFi dApps on XRPL, bringing in more users.
    Unlike meme tokens or speculative coins, XRP has real-world utility — and that’s what makes its growth sustainable.
    ALL4 Mining + XRP = A Smart Strategy for 2025 Crypto Investors
    ALL4 Mining is more than just a mining platform. It’s a wealth creation engine. By combining passive income with seamless XRP conversion, the platform helps users ride the bullish trend without risky trades or deep technical knowledge.
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    Whether you’re a student, a freelancer, or a full-time worker, this is your chance to join the XRP revolution on your own terms.
    Join the XRP Wealth Boom Today with ALL4 Mining
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    Attachment

    The MIL Network

  • India sees strong 12.6% growth in investment confidence in Q3 2025, highest among 32 economies: report

    Source: Government of India

    Source: Government of India (4)

    Despite a marginal 1.4 per cent decline in business investment confidence, India recorded the highest year-on-year growth among 32 economies surveyed for Q3 2025, registering a strong 12.6 per cent increase, according to the Dun & Bradstreet (D&B) Global Business Investment Confidence Index.

    The report noted that the Global Business Investment Confidence Index fell by 13.1 per cent quarter-on-quarter (q/q) for Q3 2025, marking the third consecutive quarter of decline.

    This drop in confidence was broad-based, with sharp declines reported across all five sub-indices. This contrasts with Q2 2025, when only capital expenditure and workforce size were expected to decrease.

    The report also highlighted that nearly half of the surveyed businesses (46.8 per cent) cited supply chain stability as a key factor influencing investment decisions for Q3 2025. In contrast, tariff uncertainty and domestic interest rates were among the least influential factors. This aligns with earlier findings indicating that the Global Supply Chain Continuity Index remains the lowest among all indices, standing at 99.9 for Q3.

    Globally, the decline in investment confidence was steeper in advanced economies than in emerging ones. Even when excluding the U.S.—which saw a sharp 16.7 per cent q/q drop and holds the largest weight—confidence in advanced economies fell more significantly than in emerging economies. France, Japan, Germany, and Spain recorded the steepest declines among advanced economies, reversing the gains made in Q2.

    Among emerging markets, the Russian Federation (-26.1 per cent), Brazil (-23.9 per cent), and South Africa (-20.7 per cent) experienced the largest q/q drops. In Brazil, aggressive monetary tightening by the Central Bank, which has raised the Selic rate by 425 basis points since last year, has significantly dampened capital expenditure plans. In South Africa, exposure to U.S. tariffs—particularly on automobile exports—has contributed to the decline in confidence.

    In terms of sectors, the manufacturing industry recorded a steeper drop in investment confidence (-17.2 per cent) than the services sector (-10.8 per cent) for Q3 2025. Within manufacturing, the capital goods (-33.1 per cent), food (-26.9 per cent), and automotive (-26.4 per cent) sub-sectors saw the most significant declines. The chemicals manufacturing sub-sector reported the smallest decline at -14.8 per cent, potentially due to exemptions from new U.S. tariffs, particularly those affecting pharmaceutical products.

    On a positive note, the report stated that expected capacity utilisation for Q3 2025 rose to 68.9 per cent in the services sector and 69.3 per cent in the manufacturing sector—the first quarter-on-quarter increase since Q1 2024.

    “Though this is a positive signal for future capital expenditure, the level remains below the 2024 averages of 73.9% and 74.1% for services and manufacturing, respectively,” the report concluded.

    (ANI)

  • MIL-Evening Report: Systematic bias: how Western media reproduces the Israeli narrative

    COMMENTARY: By Refaat Ibrahim

    “If words shape our consciousness, then the media holds the keys to minds.”

    This sentence is not merely a metaphor, but a reality we live daily in the coverage of the Israeli aggression on Gaza, where the crimes of the occupation are turned into “acts of violence”, the siege targeting civilians into “security measures”, and the legitimate resistance into “terrorist acts”.

    This linguistic distortion is not innocent; it is part of a “systematic mechanism” practised by major Western media outlets, through which they perpetuate a false image of a “conflict between two equal sides”, ignoring the fact that one is an occupier armed with the latest military technology, and the other is a people besieged in their land for decades.

    Here, the ethical question becomes urgent: how does the media shift from conveying truth to becoming a tool for justifying oppression?

    Western media institutions promote a colonial narrative that reproduces the discourse of Israeli superiority, using linguistic and legal mechanisms to justify genocide.

    But the rise of global awareness through social media platforms and documentaries like We Are Not Numbers, produced by youth in Gaza, exposes this bias and brings the Palestinian narrative back to the forefront.

    Selective coverage . . .  when injustice becomes an opinion
    “Terrorism”, “self-defence”, “conflict” . . . are all terms that place the responsibility for violence on Palestinians while presenting Israel as the perpetual victim. This linguistic shift contradicts international law, which considers settlements a war crime (according to Article 8 of the Rome Statute), yet most reports avoid even describing the West Bank as “occupied territory”.

    More dangerously, the issue is reduced to “violent events” without mentioning their contexts: how can the Palestinian people’s resistance be understood without addressing 75 years of displacement and the siege of Gaza since 2007? The media is like someone commenting on the flames without mentioning who ignited them.

    The Western media coverage of the Israeli war on Gaza represents a blatant model of systematic bias that reproduces the Israeli narrative and justifies war crimes through precise linguistic and media mechanisms. Below is a breakdown of the most prominent practices:

    Stripping historical context and portraying Palestinians as aggressor

    Ignoring the occupation: Media outlets like the BBC and The New York Times ignored the Israeli occupation of Palestinian territories since 1948 and focused on the 7 October 2023 attack as an isolated event, without linking it to the daily oppression such as home demolitions and arrests in Jerusalem and the West Bank.

    Misleading terms: The war has often been described as a “conflict between Israel and Hamas”, while Gaza is considered the largest open-air prison in the world under Israeli siege since 2007. Example: The Economist described Hamas’s attacks as “bloody”, while Israeli attacks were called “military operations”.

    Dehumanising Palestinians
    Language of abstraction: The BBC used terms like “died” for Palestinians versus “killed” for Israelis, according to a quantitative study by The Intercept, weakening sympathy for Palestinian victims.

    Victim portrayal: While Israeli death reports included names and family ties (like “mother” or “grandmother”), Palestinians were shown as anonymous numbers, as seen in the coverage of Le Monde and Le Figaro.

    Israeli political rhetoric: Media outlets reported statements by Israeli leaders such as dismissed defence minister Yoav Gallant, who described Palestinians as “human animals”, and Benjamin Netanyahu, who called them “children of darkness”, without critically analysing this rhetoric that strips them of their humanity.

    Distorting resistance and linking it to terrorism
    Misleading comparisons: The October 7 attack was compared to “9/11” and described as a “terrorist attack” in The Washington Post and CNN, reinforcing the “war on terror” narrative and justifying Israel’s excessive response.

    Fake news: Papers like The Sun and Daily Mail promoted the story of “beheaded Israeli babies” without evidence, a story even adopted by US president Joe Biden, only to be disproven later by videos showing Hamas’ humane treatment of captives.

    Selective coverage and suppression of the Palestinian narrative
    Silencing journalists: Journalists such as Zahraa Al-Akhras (Global News) and Bassam Bounni (BBC) were dismissed for criticising Israel or supporting Palestine, while others were pressured to adopt the Israeli narrative.

    Defaming Palestinian institutions: The New York Times and The Wall Street Journal claimed the Palestinian death toll figures were “exaggerated”, ignoring UN and human rights organisations’ reports that confirmed their accuracy.

    Manipulating legal and ethical terms
    Denying war crimes: Deutsche Welle stated that Israeli attacks are “not considered war crimes”, despite the destruction of hospitals and the killing of tens of thousands of civilians.

    Legal misinformation: The BBC referred to Israeli settlements in the West Bank as “disputed territories”, despite the UN declaring them illegal.

    Double standards in conflict coverage
    Comparison with Ukraine: Western media linked support for Ukraine and Israel as “victims of aggression”, while ignoring that Israel is an occupying power under international law. Terminology shifted immediately: “invasion”, “war crimes”, “occupation” were used for Ukraine but omitted when speaking of Palestine.

    According to a 2022 study by the Arab Media Monitoring Project, 90 percent of Western reports on Ukraine used language blaming Russia for the violence, compared to only 30 percent in the Palestinian case.

    This contradiction exposes the underlying “racist bias”: how is killing in Europe called “genocide”, while in Gaza it is termed a “complicated conflict”? The answer lies in the statement of journalist Mika Brzezinski: “The only red line in Western media is criticising Israel.”

    False neutrality: Sky News claimed it “could not verify” the Baptist Hospital massacre, despite video documentation, yet quickly adopted the Israeli narrative.

    Consequences: legitimising genocide and marginalising Palestinian rights
    Western media practices have contributed to normalising Israeli violence by portraying it as “legitimate defence”, while resistance is labelled as “terrorism.”

    Deepening Palestinian isolation: By stripping them of the right to narrate, as shown in an academic study by Mike Berry (Cardiff University), which found emotional terms used exclusively to describe Israeli victims.

    Undermining international law: By ignoring reports from organisations like Human Rights Watch and Amnesty International, which confirm Israel’s commission of war crimes.

    Violating journalistic ethics . . .  when the journalist becomes the occupation’s lawyer
    Journalistic codes of ethics — such as the charter of the “International Federation of Journalists” — unanimously agree that the media’s primary task is “to expose the facts without fear”. But the reality proves the opposite:

    In 2023, CNN deleted an interview with a Palestinian survivor of the Jenin massacre after pressure from the Israeli lobby (according to an investigation by Middle East Eye).

    The Guardian was forced to edit the headline of an article that described settlements as “apartheid” after threats of legal action.

    This self-censorship turns journalism into a “copier of official statements”, abandoning the principle of “not compromising with ruling powers” emphasised by the “International Journalists’ Network”.

    Toward human-centred journalism
    Fixing this flaw requires dismantling biased language: replacing “conflict” with “military occupation”, and “settlements” with “illegal colonies”.

    Relying on international law: such as mentioning Articles 49 and 53 of the Fourth Geneva Convention when discussing the displacement of Palestinians.

    Giving space to victims’ voices: According to an Amnesty report, 80% of guests on Western TV channels discussing the conflict were either Israeli or Western.

    Holding media institutions accountable: through pressure campaigns to enforce their ethical charters (such as obligating the BBC to mention “apartheid” after the HRW report).

    Conclusion
    The war on Gaza has become a stark test of media ethics. While platforms like Al Jazeera and Middle East Eye have helped expose violations, major Western media outlets continue to reproduce a colonial discourse that enables Israel. The greatest challenge today is to break the silence surrounding the crimes of genocide and impose a human narrative that restores the stolen humanity of the victims.

    “Occupation doesn’t just need tanks, it needs media to justify its existence.” These were the words of journalist Gideon Levy after witnessing how his camera turned war crimes into “normal news”.

    If Western media is serious about its claim of neutrality, it must start with a simple step: call things by their names. Words are not lifeless letters, they are ticking bombs that shape the consciousness of generations.

    Refaat Ibrahim is the editor and creator of The Resistant Palestinian Pens website, where you can find all his articles. He is a Palestinian writer living in Gaza, where he studied English language and literature at the Islamic University. He has been passionate about writing since childhood, and is interested in political, social, economic, and cultural matters concerning his homeland, Palestine. This article was first published at Pearls and Irritations social policy journal in Australia.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI: Sunrun Prices $431 million Senior Securitization of Residential Solar Systems

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, July 18, 2025 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN), the nation’s leading provider of clean energy as a subscription service, today announced it has priced a securitization of leases and power purchase agreements. The securitization is Sunrun’s fourteenth public securitization since 2015 and third issuance in 2025.

    “Sunrun’s third securitization transaction of 2025 represents a refinancing of a seasoned pool of residential solar assets. We are proud of the strong execution achieved and thank our financing partners for continuing to recognize the high quality of our assets and excellence as a servicer,” said Danny Abajian, Sunrun’s Chief Financial Officer. “The strong performance of our numerous securitizations backed by these assets continues to be notable. The credit ratings for all Sunrun securitizations have been affirmed or upgraded since their issuance, as the performance of these transactions have remained in line with expectations.”

    The transaction was structured with two separate classes of A- rated notes (the “Class A-1 Notes” and “Class A-2 Notes” respectively and together the “Class A Notes”) and a single class of BB- rated notes (the “Class B Notes”), which were retained. The $331 million Class A-1 Notes were marketed in a public asset backed securitization and the $100 million Class A-2 Notes were privately placed. The Class A Notes carry a coupon of 6.15%. The Class A-1 Notes were oversubscribed and priced at a spread of 240 bps and a 6.374% yield. The Class A Notes coupon is approximately equal to the coupon achieved in the company’s prior securitization in March. The initial balance of the Class A Notes represents a 68% advance rate on the ADSAB (present value using a 6% discount rate). The Class A Notes have an expected weighted average life of 5.08 years, Optional Redemption Date of January 30, 2034, and a final maturity date of January 30, 2054.

    The Class B Notes will be pledged to an existing subordinated non-recourse financing.

    The notes are backed by a diversified portfolio of 63,318 systems distributed across 12 states and Washington D.C and 40 utility service territories. The weighted average customer FICO score is 757. The transaction is expected to close by July 30, 2025.

    Bank of America was the sole structuring agent and served as joint bookrunner along with Citigroup, Keybanc and Truist.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

    About Sunrun

    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at www.sunrun.com.

    Investor & Analyst Contact:
    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    Media Contact:
    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    The MIL Network

  • MIL-OSI USA: Donalds Votes To Create Digital Asset Framework For America And Block CBDC Tyranny

    Source: United States House of Representatives – Representative Byron Donalds (R-FL)

    Donalds Votes To Create Digital Asset Framework For America And Block CBDC Tyranny

    Washington, July 18, 2025

    WASHINGTON – Yesterday, Congressman Byron Donalds (R-FL) voted to pass a landmark financial services package that blocks the formation of Central Bank Digital Currency (CBDC) in America and creates a clear framework for the growing proliferation of digital assets.

    The legislative package included three bills: (1) H.R. 3633 – “The CLARITY ACT,” (2) S. 1582 – “The GENIUS Act,” (3) H.R. 1919 – “The Anti-CBDC Surveillance Act.” While H.R. 3633 and H.R. 1919 advanced to the U.S. Senate for consideration, this afternoon, S. 1582 was signed into law by President Trump. Congressman Donalds released the following statement:

    “Central Bank Digital Currency would give unelected bureaucrats in our federal government absolute control over your money. This is wrong, this is a dangerous threat to freedom, this is un-American, and immediate action had to be taken. I am proud to have joined my colleagues in voting to block this globalist tyranny from infiltrating our nation and ensure there’s a clear framework for the proliferation of digital assets in America.”

    Background on H.R. 3633 – “The CLARITY Act”:

    • Passed the U.S. House of Representatives with a vote of 294-134.
    • The CLARITY Act, sponsored by House Committee on Financial Services Chairman French Hill (AR-02) and House Committee on Agriculture Chairman G.T. Thompson (PA-15) was introduced on May 29, 2025. The bill advanced out of both Committees with bipartisan support on June 10, 2025. The CLARITY Act establishes clear, functional requirements for digital asset market participants, prioritizing consumer protection while fostering innovation. By providing strong safeguards and long-overdue regulatory certainty, this legislation advances U.S. innovation and reinforces U.S. leadership in the global financial system.
    • Read the full text of the legislation HERE.
    • See Congress.gov bill profile HERE.


    Background on S. 1582 – “The GENIUS Act”:

    • Passed the U.S. House of Representatives with a vote of 308-122.
    • Signed-into law by President Trump on July 18, 2025.
    • The GENIUS Act, introduced by Senator Bill Hagerty (R-TN), provides a clear regulatory framework for the issuance of payment stablecoins, a payment product that is currently offered in the United States with little, if any, federal oversight. The GENIUS Act prioritizes consumer protection, fosters innovation, and strengthens the U.S. dollar’s reserve currency status. The GENIUS Act passed the U.S. Senate by a bipartisan vote of 68-30 on June 17, 2025.
    • Read the full text of the legislation HERE.
    • See Congress.gov bill profile HERE.


    Background on H.R. 1919 – “The Anti-CBDC Surveillance Act”:

    • Passed the U.S. House of Representatives with a vote of 219-210.
    • The Anti-CBDC Surveillance State Act, sponsored by House Majority Whip Tom Emmer (MN-06), prohibits unelected bureaucrats in Washington, D.C. from issuing a Central Bank Digital Currency (CBDC) that undermines Americans’ right to financial privacy. Unlike decentralized digital assets, CBDCs are digital forms of sovereign currency issued and controlled by government, with transactions occurring on a government-managed ledger. In short, a CBDC is government-controlled, programmable money that, if not designed to mimic cash, could provide the federal government with detailed transaction data on individual users and the ability to program the CBDC to suppress politically unpopular activities.
    • Read the full text of the legislation HERE.
    • See Congress.gov bill profile HERE.

    Watch House passage of H.R. 3633, S. 1582, and H.R. 1919 HERE.

    Watch President Trump sign S. 1582 into law HERE

    ###

    MIL OSI USA News

  • MIL-OSI: Ethereum Surges to $3,400 as ALL4 Mining Fuels a New Era of Crypto Investors in 2025

    Source: GlobeNewswire (MIL-OSI)

    Houston, Texas, July 18, 2025 (GLOBE NEWSWIRE) — Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has broken past the significant $3,400 mark, signaling renewed confidence in the blockchain giant. As Ethereum powers forward with smart contract innovations and ecosystem dominance, platforms like ALL4 Mining are playing a crucial role in allowing everyday users to tap into ETH’s growing potential — even without advanced crypto knowledge.
    This year’s rally isn’t just about price spikes. It’s about accessibility, smart investing, and platforms like ALL4 Mining that make cryptocurrency income possible for the masses. Ethereum’s momentum is real — and ALL4 Mining is helping users everywhere ride the wave by converting cloud mining rewards into long-term ETH wealth.

    Ethereum at $3,400: What’s Behind the Surge?
    Ethereum’s explosive growth in 2025 is the result of several powerful market forces and technological achievements:

    ●Proof-of-Stake Efficiency: Ethereum’s full shift to PoS has slashed energy usage and strengthened security.

    ●Layer-2 Solutions Booming: Arbitrum, Optimism, and zkSync are accelerating transaction speeds and reducing fees.

    ●DeFi Revival: Leading platforms like Aave, Uniswap, and Curve are regaining massive user bases.
    NFT & Gaming Integration: Ethereum remains the top blockchain for digital collectibles and metaverse games.

    ●Institutional Adoption: Banks, enterprises, and governments are building on Ethereum like never before.

    ●As a result, investor confidence is at a new high, and ETH is reclaiming its throne as the cornerstone of decentralized innovation.
    ALL4 Mining: Your Ethereum On-Ramp with Daily Crypto Income
    ALL4 Mining is more than just a cloud mining platform. It’s a gateway to Ethereum ownership for users in over 200 countries. With no mining rigs, no technical setup, and no cryptocurrency experience required, ALL4 Mining simplifies the process of earning Bitcoin, Litecoin, and Dogecoin that can be easily converted to Ethereum.
    This makes the platform an ideal entry point for users who want to benefit from the rise of Ethereum without having to buy or trade directly on an exchange.
    ALL4 Mining Key Features:

    Get $15 in free rewards when you sign up

    ◆Up to $0.60 in daily mining income – no investment required

    ◆Bank-level security with Cloudflare firewall and McAfee-level encryption

    ◆Full mobile control with support for iOS, Android, and Google

    ◆Global access + 24/7 support to keep you making money

    Whether you’re a student, part-time worker, or entrepreneur, ALL4 Mining makes it easy for you to earn ETH.

    How to Turn Mined Coins into Ethereum on ALL4 Mining
    The process is simple, efficient, and fully optimized for beginners. Users can start mining BTC, LTC, or DOGE in just a few taps. Once enough rewards have been accumulated, ALL4 Mining allows direct conversion to Ethereum, allowing users to accumulate ETH over time.
    Ethereum Accumulation Strategy:
    1.Sign up with ALL4 Mining and claim your $15 bonus
    2.Activate a mining plan – or mine for free daily
    3.Get a steady income in DOGE, BTC, or LTC
    4.Convert to Ethereum in-app
    5.Withdraw or hold ETH for long-term gains
    This approach reduces reliance on volatile trading and creates a truly passive path into the Ethereum ecosystem.

    Mining Plans for Every Type of Ethereum Investor
    ALL4 Mining supports a wide range of budgets, offering clear and powerful ROI across its cloud mining contracts. Every plan includes guaranteed uptime, instant rewards, and the flexibility to reinvest in Ethereum or withdraw anytime.

    BTC basic computing power: investment amount: $100, contract period: 2 days, daily income of $4.0, expiration income: $100 + $8

    LTC [classic computing power contract]: investment amount: $600, contract period: 6 days, daily income of $7.2, expiration income: $600 + $43.2

    BTC [classic computing power contract]: investment amount: $3,000, contract period: 20 days, daily income of $42, expiration income: $3,000 + $840

    DOGE [classic computing power contract]: investment amount: $5,000, contract period: 31 days, daily income of $74, expiration income: $5,000 + $2,294

    BTC [advanced computing power contract]: investment amount: $10,000, contract period: 40 days, daily income of $170, expiration income: $10,000 + $680

    BTC [advanced computing power contract]: investment amount: 50,000 USD, contract period: 48 days, daily income: USD 930, maturity income: USD 50,000 + USD 44,640

    BTC [Super Computing Power Contract]: Investment amount: USD 150,000, contract period: 45 days, daily income: USD 3,000, maturity income: USD 150,000 + USD 135,000

    No matter your level of investment, you can start mining today and build Ethereum holdings tomorrow — all without the stress of trading or hardware costs.

    Ethereum’s Future: Is $4,000 Next?
    With ETH breaking through $3,400, the market is speculating whether a push toward $4,000 is next. Given Ethereum’s constant evolution and mainstream integration, such a move looks more and more likely.
    Here’s what’s keeping the bullish sentiment alive:
     New dApps and DeFi tools launching weekly
     Massive developer ecosystem continues to expand
    Institutional ETH staking surging
     Deflationary supply model reducing circulating ETH
    ETH is no longer just a speculative asset — it’s a cornerstone of modern finance, powering smart contracts, Web3 identities, and next-gen fintech products.

    ALL4 Mining + Ethereum = Your 2025 Crypto Wealth Formula

    As Ethereum becomes more valuable and more essential to the blockchain ecosystem, earning ETH passively through mining is proving to be a smart and scalable strategy.

    ALL4 Mining makes it possible.

    From $15 sign-up bonuses to advanced mining plans and ETH conversions, users can now earn daily, grow weekly, and hold long-term Ethereum gains — all from their phone.

    Ready to Earn Ethereum the Smart Way?

    The Ethereum ecosystem is booming and its price is soaring. Thanks to ALL4 Mining’s cloud mining innovation, the door is open to join this revolution.

    Don’t just buy Ethereum. Join ALL4 Mining, mine, earn, and grow.

    Visit now: https://all4mining.com

    Customer Service: info@all4mining.com

    Attachment

    The MIL Network

  • MIL-OSI: First National Bank Alaska named one of top banks in the nation by Bank Director magazine

    Source: GlobeNewswire (MIL-OSI)

    ANCHORAGE, Alaska, July 18, 2025 (GLOBE NEWSWIRE) — Bank Director, a leading resource for the financial industry, named First National (OTCQX:FBAK) as the tenth best bank in the United States on its Top 25 Banks list and the third best bank on its Top Banks with Less than $5 Billion in Total Assets list. Bank Director uses four metrics to assess performance: return on equity, return on assets, asset quality and capital adequacy.

    “I’m especially pleased Bank Director recognized the high quality of the bank’s loans, maintained through our philosophy that all loans must not only make sense for the bank, but also be beneficial for the borrower,” said Betsy Lawer, First National Chair and CEO/President. “These accolades are a powerful testament to the leadership, vision, and dedication of First National’s Board of Directors and executive management team, as well as the 621 employees who bring that vision to life every day.”

    Alaska’s community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world.

    In 2025, Alaska Business readers voted First National “Best of Alaska Business” in the Best Place to Work category for the 10th year in a row, Best Bank/Credit Union for the fifth time, and Best Customer Service for the second year in a row. That year, Forbes also selected First National as the sixth best bank on their America’s Best Banks list and one of the top two Banks in the State, and Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions. The bank was also voted “Best of Alaska” in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a “Best Bank to Work For” in 2024, for the seventh consecutive year.

    For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency.

    First National Bank Alaska is a Member FDIC, Equal Housing Lender, and recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women.

    Contact:
    Corporate Communications
    907-777-3409

    The MIL Network

  • MIL-OSI USA: Murkowski Helps Advance First Four Spending Bills with Alaska Wins

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    07.18.25
    Washington, DC – Yesterday, U.S. Senator Lisa Murkowski (R-AK), a senior member of the Appropriations Committee, voted to advance four bills for Fiscal Year 2026 (FY26) that contain significant investments for Alaska. The four appropriations bills that passed committee are for Agriculture, Rural Development, Food and Drug Administration, and Related Agencies (AG); Military Construction, Veterans Affairs, and Related Agencies (MilCon); Commerce, Justice, and Science and Related Agencies (CJS); and Legislative Branch (LEG). All were approved in committee, and will now advance to the Senate floor for consideration.
    “With crucial investments in affordable housing, infrastructure, public safety, and fisheries, we are addressing some of the most pressing challenges faced by Alaskans, and helping the sustainability and future of not only our communities, but our way of life. I am proud to fight for Alaskan priorities and ensure that our state’s needs are met,” said Senator Murkowski.
    HIGHLIGHTS FROM THE COMMERCE, JUSTICE, AND SCIENCE (CJS) APPROPRIATIONS BILL
    Supporting NOAA’s Mission in Alaska
    The National Oceanic and Atmospheric Administration (NOAA) is a vital partner for the state of Alaska, leveraging partnerships at federal, state, local, and Tribal levels. NOAA provides everything from real time weather forecasts to fisheries monitoring, so that our communities are safe and our way of life is sustainable. To that end, Senator Murkowski prioritized ensuring the agency had programmatic support from the CJS Appropriations Bill to further advance their core missions in Alaska.
    One of the largest wins included $75 million for NOAA to recapitalize vessels, so that the fleet can continue to provide state-of-the-art weather forecasts and fisheries monitoring. The budget also included a $1 million increase for the Integrated Ocean Observing System (IOOS) Regional Observations, which directly supports Alaska’s Ocean Observing System.
    Wins for NOAA Fisheries that will support sustainable seafood harvesting and conserving habitat:
    $10 million increase for Fisheries Surveys to support the historical levels of Alaska trawl surveys and exploring shifting fish stocks
    $3.125 million for the Bycatch Reduction Engineering Program (BREP), an increase of $250,000. This program was established to develop improved fishing practices and gear technologies in the effort of reducing bycatch.
    $4 million for the Fishery Survey Contingency Fund, which was established through the U.S. Treasury to compensate Alaska fishermen for economic losses.
    $5.5 million increase for Salmon Management Activities, which will be used to support the production of 42 million hatchery fish, to help increase the harvest for Tribal, commercial, and recreational fisheries.
    $41.5 million for the Pacific Salmon Treaty, a $500K increase from last fiscal year. This funding will go towards joint United States/Canada management of salmon fishing to prevent over-fishing and provide for optimum harvest
    $58.4 million for Observers and Training, including $2 million for the North Pacific Observer Program. These programs are essential for the conservation and management of fisheries in the Bering Sea, Aleutian Island, and Gulf of Alaska
    Wins for NOAA Weather & Climate Monitoring Systems
    $5 million increase for the National Data Buoy Center (NDBC). The NDBC is a network of monitoring infrastructure that collects and analyzes real-time data to ensure maritime safety.
    $10 million increase for Analyze, Forecast, and Support – includes language supporting tsunami detection and response systems relevant to Alaska.
    Advancing Connectivity in Alaska
    Senator Murkowski has set herself apart with her focus on broadband infrastructure in Alaska, shepherding record investment to the state through the Infrastructure Investment and Jobs Act (IIJA) of 2021. She continues to be a leader in the space, inserting report language in the Tribal Broadband Connectivity Program that acknowledges Alaska’s challenges with short construction seasons and logistics, laying the groundwork for future flexibility and support if needed. She also directed the National Telecommunications and Information Administration (NTIA) to consider supplemental funding that would ensure rural and remote Tribal projects are completed.
    Promoting Public Safety in Alaska
    Public safety in Alaska is always foremost on Senator Murkowski’s mind—particularly in our rural communities. She used the CJS bill as a vehicle for direct investment towards advancing that goal. The bill includes an increase in funding for the Tribal Youth Program, which does everything from improvements to the juvenile justice system, invest in alcohol and substance abuse prevention programs, and offer mental health services for Tribal youth. She was able to secure a 5% Tribal Set-Aside in the Crime Victims Fund along with strong report language that supports Tribal flexibility and streamlined access. The Senator also included increased funding for Special Tribal Criminal Jurisdiction, with language supporting Missing and Murdered Indigenous Women (MMIW) efforts and improved Department of Justice (DOJ) grant coordination for Native communities. Additionally, the bill follows up on the Government Accountability Office (GAO) report on MMIW with a directive for immediate reporting.
    Alaska faces some of the highest rates of sexual assault per capita of any state, and Senator Murkowski was intent on using the CJS bill to address this crisis. She approved an almost tripling of the Sexual Assault Forensic Exam Grants funding, which will support training and resources for forensic examination of sexual assault survivors. The Senator also included report language directing the Office for Victims of Crime/Office of Juvenile Justice and Delinquency Prevention to support Alaska-specific Child Advocacy Centers.
    The bill also includes funding increases for Transitional Housing Assistance, Underserved Populations Program, Regional Information Sharing Systems, and Veterans Treatment Courts.
    Investing in Arctic Research
    As the leading expert in Congress on Arctic policy and polar affairs, Senator Murkowski uses her position to advance American priorities in the North. The bill provides $9.1 billion, just $60 million below the last enacted level – preserving support for critical Arctic scientific research despite tight fiscal constraints. Arctic research remains a priority, with the National Science Foundation (NSF) playing a key role in supporting long-term monitoring, infrastructure development, and partnerships with Alaska-based institutions and Indigenous communities.
    In addition to broader programmatic funding to help Alaskans, Murkowski was able to secure investments in this bill that are specific to local 17 Alaska communities or entities, projects that have been requested and prioritized by local governments and organizations:
    Anchorage: $305,000 to support the Internet Crimes Against Children Task Force in Alaska so they can further advance their mission of catching child sexual predators
    Anchorage: $1.5 million for the University of Alaska Anchorage to acquire specialty equipment that will help propel the institution to be a leader in biotechnological innovation, leveraging Alaska’s Arctic environment
    Bethel: $70,000 for the purchase and installation of a new security system at the Bethel Police Department’s headquarters
    Cordova: $355,000 to update equipment for climate and ecosystem monitoring as part of a ten-year long study of the region
    Fairbanks: $1.5 million to develop drone-borne maritime lidar to count salmon.
    Statewide: $498,000 for the creation and deployment of a Mobile Sexual Assault Response Team (SART) that will provide coordinated care to survivors of sexual assault in rural communities where traditional, stationary services may not be readily available
    Southeast: $500,000 for Sealaska Heritage Institute to develop and implement a sustainable workforce development program to address growth in fisheries and ocean sciences in Southeast Alaska over the next ten years
    Ketchikan: $3 million to upgrade its radio communication system, which has been identified as an essential public safety need in the after-action plan following recent landslides to improve disaster response and community resilience
    Statewide: $2 million for the Alaska Fisheries Development Foundation to modernize and revitalize Alaska’s seafood industry by investing in processing innovation, workforce development, and infrastructure improvements.
    Statewide: $2.5 million for the North Pacific Research Board to investigate how ecosystem changes in the Northern Bering Sea influence species of commercial, ecological, and subsistence importance to inform local, state, and federal fisheries management
    Statewide: $1 million to help implement Next Generation 911, which will improve location accuracy and system resiliency for emergency call centers
    Statewide: $500,000 for the Bering Sea Fisherman’s Association to enable Tribes and Tribal organizations to participate as Cooperating Agencies in environmental analysis and management decisions made by federal agencies that affect subsistence resources.
    Statewide: $165,000 for the Alaska Ocean Observing System to purchase an Imaging Flow CytoBots (IFCBs) to continue monitoring for harmful algal blooms.
    Statewide: $1 million for Alaska Native Women’s Resource Center to support Tribes in implementing survivor-centered and trauma-informed programs in Tribal justice systems
    Statewide: $3.5 million for the Alaska Network on Domestic Violence and Sexual Assault (ANDVSA) to support their mission of serving survivors of gender-based violence
    Unalaska: $3.5 million for the Bristol Bay Science and Research Institute to genetically analyze chum salmon from the pollock fishery bycatch in the Bering Sea to determine when and where Western Alaska chum salmon are being caught
    Valdez: $5.5 million to replace obsolete and failed emergency services communication towers and equipment
    HIGHLIGHTS FROM THE AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES (AG) APPROPRIATIONS BILL
    Investments in housing and community development
    Affordable housing remains one of the most pressing challenges facing Alaska and our country. Senator Murkowski was intent on using the AG spending bill to address this challenge, particularly in rural communities where the cost of development remains prohibitively high. She supported $1.715 billion for the Rental Assistance Program, which will help low-income families around the country with for affordable rental housing in rural areas. She was able to secure $25 million for very low-income housing repair grants so that Alaskans can stay in their homes safely.
    Also included in the legislation was $1.25 billion for direct loans to improve critical infrastructure such as public safety buildings and community centers in rural communities.
    Updating Alaska’s clean water and utility infrastructure
    Senator Murkowski has made it her mission to ensure Alaska has the infrastructure to support daily life – no matter what community Alaskans’ call home. She was able to include $65 million for Rural Water and Waste Disposal Grants, and inserted report language that would prioritize Alaska Native communities. She also was able to secure $8 million for the High Energy Cost Grant Program, which assists energy providers in lowering energy costs for families with extremely high per-household energy costs.
    Bolstering food security and agriculture
    Senator Murkowski has been focused on bolstering Alaska’s food security for many years. She was able to secure a number of Alaska-specific wins, including:
    $5 million for Micro-Grants for Food Security, with report language prioritizing eligibility for reindeer herders, greenhouse growers, and hydroponic farmers
    $5 million for Alaska Native-Serving Institutions to promote equal access to education in rural Alaska and provide sustainable food and energy solutions for Alaska Native communities
    $3.5 million for the Geographically Disadvantaged Farmers and Ranchers Transportation Program, helping offset high freight costs for Alaskan producers
    $3 million for the FDPIR 638 Contracting Authority Pilot, with direction for the USDA to allow direct purchases of traditional foods directly from small indigenous producers
    $888.9 million for the Summer Food Service Program, with report language supporting the continued implementation of non-congregate meal service to ensure low-income students can eat while school is out
    $1.826 billion for Agricultural Research Service, with continued funding for research on cover crops and cereal grains for northern climates and permafrost regions
    In addition, the bill includes $80 million for The Emergency Food Assistance Program’s storage and distribution funding to ensure rural food banks can receive supplies; a $3 billion increase for Child Nutrition programs, including School Breakfast and School Lunch programs, and the Child and Adult Care Food Program, as well as a $603 million increase to fully fund Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). The bill also directs USDA to work with states, tribes, and local stakeholders to use federal nutrition dollars for the direct purchase of foods from local and regional producers for the various food assistance programs.
    In addition to programmatic funding to help Alaskans, Murkowski was able to secure investments in this bill that are specific for 10 Alaska communities, projects that have been requested and prioritized by local governments and organizations:
    Bethel: $605,000 to establish a permanent Food Bank and Pantry in Bethel
    Eagle: $750,000 for the construction of a fire hall/public safety building for the local fire department and Emergency Medical Services team
    Houston: $1.95 million for the construction of Public Works Facility so preventive maintenance can be performed on equipment
    Kenai: $2.045 million for the installation of telecommunications infrastructure to improve emergency response times and enhance public communications
    Nunapitchuk: $55,000 to develop a Preliminary Investigation Feasibility Report whether the Native Village of Nunapitchuk can pursue a community-wide relocation project in the Nunavakanukakslak Lake-Johnson River Watershed
    Petersburg: $225,000 to purchase emergency response equipment for the local fire department
    Statewide: $4.2 million for Alaska Municipal League to purchase heavy equipment for several communities designed to conduct road improvements and maintain infrastructure in rural Alaska
    Statewide: $750,000 to expand veterinary care in rural Alaska to prevent zoonotic disease outbreaks in communities off the road system
    Whittier: $310,000 for the removal and abatement of asbestos hazards in community housing where 85% of the city’s residents live
    Wrangell: $2.438 million to rehabilitate Wrangell’s Public Safety Building and Emergency Operations Center
    HIGHLIGHTS FROM THE MILITARY CONSTRUCTION, VETERANS AFFAIRS, AND RELATED AGENCIES (MILCON) APPROPRIATIONS BILL
    Ensuring Alaska’s military bases are state-of-the-art facilities
    Senator Murkowski is committed to supporting servicemembers in Alaska to ensure they have access to up-to-date resources as they protect and defend our nation, but also bolster their personal well-being as they adapt to life in Alaska. She secured over $400 million in programmatic funding for a Joint Integrated Testing and Training Center (JITTC) at JBER for the Air Force, a base supply complex at JBER for the Air National Guard, and a barracks at Fort Wainwright for the Army.
    Supporting Alaska’s veterans
    Senator Murkowski was able to secure funding for the construction of State Extended Care Facilities and Veterans Cemeteries. She also secured report language directing the VA to focus on benefits eligibility education for veterans who lack a direct road connection to a VA facility. She also secured her annual bill language to allow for care-sharing agreements between Federally Qualified Health Centers in the State of Alaska and Indian Tribes and Tribal organizations which are party to the Alaska Native Health Compact with the Indian Health Service. She made certain that the VA received full funding for mental health programs, telehealth programs, women veteran gender-specific care programs, homelessness programs, and for the Office of Rural Health.
    In addition to programmatic funding, Murkowski was able to secure investments in this bill that are specific for 3 of Alaska military installations, projects that have been requested and prioritized by the Department of Defense:
    JBER: $45 million to complete the runway extension project for the Air Force.
    Eielson Air Force Base: $6.7 million to finish planning and designing of a new permanent party dormitory for the Air Force.
    Fort Wainwright: $7.7 million to begin the planning and designing of a new dining facility for the Army.
    HIGHLIGHTS FROM THE LEGISLATIVE BRANCH (LEG) APPROPRIATIONS BILL
    Senator Murkowski inserted report language in the Legislative Branch FY26 Appropriations Act that incentivizes the Senate Dining Room and food-service facilities in the Capitol to source domestic seafood products, including wild-caught Alaska salmon.

    MIL OSI USA News

  • MIL-OSI Security: New Orleans Man Sentenced for Bank Robbery

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced today that CLEMENT LEACH (“LEACH”), age 54, of New Orleans, was sentenced on July 2, 2025 after previously pleading guilty to Bank Robbery, in violation of Title 18, United States Code, Section 2113(a).

    United States District Judge Sarah S. Vance sentenced LEACH to 80 months of imprisonment, 3 years of supervised release following his release from prison, and a mandatory special assessment fee of $100. LEACH was also ordered to pay $920 in restitution for robbing Chase Bank on March 2, 2020.

    Acting U.S. Attorney Simpson praised the work of the Federal Bureau of Investigation’s Violent Crime Task Force, and officers of New Orleans Police Department. Assistant U.S. Attorney Jon M. Maestri of the General Crimes Unit is handling the prosecution. 

    MIL Security OSI

  • MIL-OSI USA: Legislation considered under suspension of the Rules of the House of Representatives during the week of July 21, 2025

    Source: US Congressional Budget Office

    The Majority Leader of the House of Representatives announces bills that will be considered under suspension of the rules in that chamber. Under suspension, floor debate is limited, all floor amendments are prohibited, points of order against the bill are waived, and final passage requires a two-thirds majority vote.

    At the request of the Majority Leader and the House Committee on the Budget, CBO estimates the effects of those bills on direct spending and revenues. CBO has limited time to review the legislation before consideration. Although it is possible in most cases to determine whether the legislation would affect direct spending or revenues, time may be insufficient to estimate the magnitude of those effects. If CBO has prepared estimates for similar or identical legislation, a more detailed assessment of budgetary effects, including effects on spending subject to appropriation, may be included.

    CBO’s estimates of the bills that have been posted for possible consideration under suspension of the rules during the week of July 21, 2025, include:

    • H.R. 131, Finish the Arkansas Valley Conduit Act, as amended
    • H.R. 183, Law Enforcement Officer Recreation Pass Act, as amended
    • H.R. 672, To establish new ZIP Codes for certain communities, and for other purposes, as amended
    • H.R. 1043, La Paz County Solar Energy and Job Creation Act
    • H.R. 1450, OFAC Licensure for Investigators Act
    • H.R. 1469, Senior Security Act of 2025, as amended
    • H.R. 1549, China Financial Threat Mitigation Act of 2025, as amended
    • H.R. 1716, Taiwan Conflict Deterrence Act of 2025, as amended
    • H.R.1764, Aligning SEC Regulations for the World Bank’s International Development Association Act, as amended
    • H.R. 1917, Great Lakes Mass Marking Program Act of 2025, as amended
    • H.R. 2170, To name the Department of Veterans Affairs community-based outpatient clinic in Toms River, New Jersey, the Leonard G. ‘Bud’ Lomell, VA Clinic, and for other purposes
    • H.R. 2384, Financial Technology Protection Act, as amended
    • H.R. 2625, VERY Act of 2025
    • H.R. 3095, To direct the United States Postal Service to designate single, unique ZIP Codes for certain communities, and for other purposes, as amended
    • H.R. 3339, Equal Opportunity for All Investors Act of 2025, as amended
    • H.R. 3343, Greenlighting Growth Act, as amended
    • H.R. 3351, Improving Access to Small Business Information Act, as amended
    • H.R. 3357, Enhancing Multi-Class Share Disclosures Act, as amended
    • H.R. 3382, Small Entity Update Act, as amended
    • H.R. 3395, Middle Market IPO Underwriting Cost Act, as amended
    • H.R. 3937, Wabeno Economic Development Act, as amended
    • H.R. 4275, Coast Guard Authorization Act of 2025, as amended
    • S. 201, ACES Act
    • S. 423, PRO Veterans Act of 2025

    MIL OSI USA News

  • MIL-OSI: Beneficient Receives Nasdaq Listing Determination

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, July 18, 2025 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced that on July 16, 2025, the Company was notified by The Nasdaq Stock Market LLC (“Nasdaq”) that, due to its continued non-compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and the delay in the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2025 with the Securities and Exchange Commission, in contravention of Nasdaq’s periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1), the Company’s securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”).

    The Company plans to timely request a hearing and a stay of any suspension action by Nasdaq at least pending the ultimate outcome of the hearing process and the expiration of any extension period that may be granted to the Company following the hearing. At the hearing, the Company will present its plan to evidence compliance with all applicable criteria for continued listing on The Nasdaq Capital Market and request an extension of time to do so. While the Company is taking definitive steps to evidence compliance with the applicable listing criteria as soon as practicable, there can be no assurance that the Panel will grant the Company’s request for continued listing on Nasdaq.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. 

    For more information, visit www.trustben.com or follow us on LinkedIn.

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the listing and trading of the Company’s securities on Nasdaq, the Company’s intention to request a hearing from the Nasdaq hearing panel and the Company’s intention to regain compliance with the Nasdaq Listing Rules. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, our plans to appeal Nasdaq’s delisting determination; the outcome of any hearing we might request; our ability to cure any deficiencies in compliance with the Nasdaq Listing Rules; risks related to the substantial costs and diversion of management’s attention and resources due to these matters and the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q and the risks and uncertainties contained in the Company’s Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network

  • MIL-OSI USA:  Senator Scott: President Trump’s Signature on GENIUS Act Delivers for the American People

    US Senate News:

    Source: United States Senator for South Carolina Tim Scott

    “President Trump was crystal clear on the campaign trail: under his leadership, the United States will be the crypto capital of the world. With his signature on the GENIUS Act, we’ve made history and have delivered important regulatory clarity for the stablecoin industry…,” said Senator Scott.

    WASHINGTON — Today, President Donald J. Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act – legislation Senator Tim Scott (R-S.C.) co-sponsored and championed as it advanced through the Senate. The GENIUS Act – which was led by Senator Bill Hagerty (R-Tenn.) and also cosponsored by Senator Kirsten Gillibrand (D-N.Y.), Senator Cynthia Lummis (R-Wyo.), and Senator Angela Alsobrooks (D-Md.) – establishes a first of its kind regulatory framework for payment stablecoins, protecting consumers and strengthening national security. Under Senator Scott’s leadership, the bill passed the Senate Banking Committee in March, with every Republican and five Democrats supporting it.

    “President Trump was crystal clear on the campaign trail: under his leadership, the United States will be the crypto capital of the world. With his signature on the GENIUS Act, we’ve made history and have delivered important regulatory clarity for the stablecoin industry. I’m grateful to the president and my colleagues for their tireless efforts and leadership on this legislation, which will not only support working families, small businesses, and communities across America with faster, cheaper, and more accessible payments but will also solidify the U.S. dollar’s dominance across the world. Let’s be clear – our work here is not finished – and I look forward to taking the same energy and approach to deliver digital asset market structure legislation to President Trump’s desk,”said Senator Scott.

    BACKGROUND:

    Upon becoming Chairman of the Senate Banking Committee, Scott pledged to advance a regulatory framework that will provide clarity for the digital assets industry and promote consumer choice, education, and protection. Building on that promise, Senator Scott created the first-ever Subcommittee on Digital Assets, led by Senator Cynthia Lummis (R-Wyo.).

    In its first legislative markup of the 119th Congress, and after considering nearly 40 amendments to the bill, the Senate Banking Committee voted to advance the GENIUS Act, with every Republican and five Democrats supporting it.

    Ahead of the Senate’s vote on the bill, key stakeholders voiced support for the legislation. After the Senate voted to begin consideration of the bill, Senator Scott issued astatement and spoke on the Senate floor highlighting the importance of passing the bill, noting that the GENIUS Act is the result of months of good-faith, bipartisan negotiations and has benefited from extensive consultation with industry participants, legal and academic experts, and government stakeholders. On June 17, the Senate passed the bill and President Trump endorsed the legislation. The House of Representatives advancedthe legislation on July 17, 2025. 

    To read Senator Scott’s op-ed in the Washington Examiner on the GENIUS Act, click here.

    MIL OSI USA News

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Signs GENIUS Act into Law

    Source: US Whitehouse

    MAKING AMERICA THE LEADER IN DIGITAL ASSETS: Today, President Donald J. Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the United States to lead the global digital currency revolution.

    • The GENIUS Act prioritizes consumer protection, strengthens the U.S. dollar’s reserve currency status, and bolsters our national security.
    • The GENIUS Act will make America the undisputed leader in digital assets, bringing massive investment and innovation to our country.

    PROTECTING CONSUMERS IN THE DIGITAL MARKET: President Trump supports the GENIUS Act because it protects consumers from nefarious actors in financial markets.

    • This long-overdue legislation creates the first-ever Federal regulatory system for stablecoins, ensuring their stability and trust through strong reserve requirements.
    • The GENIUS Act requires 100% reserve backing with liquid assets like U.S. dollars or short-term Treasuries and requires issuers to make monthly, public disclosures of the composition of reserves.
    • Stablecoin issuers must comply with strict marketing rules to protect consumers from deceptive practices. Crucially, they are forbidden from making misleading claims that their stablecoins are backed by the U.S. government, federally insured, or legal tender.
    • The GENIUS Act aligns State and Federal stablecoin frameworks, ensuring fair and consistent regulation throughout the country.
    • In the event of insolvency of a stablecoin issuer, the GENIUS Act prioritizes stablecoin holders’ claims over all other creditors, ensuring a final backstop of consumer protection.

    ENSURING U.S. DOLLAR GLOBAL RESERVE CURRENCY STATUS: By driving demand for U.S. Treasuries, stablecoins will play a crucial role in ensuring the continued global dominance of the U.S. dollar as the world’s reserve currency.

    • The GENIUS Act will generate increased demand for U.S. debt and cement the dollar’s status as the global reserve currency by requiring stablecoin issuers to back their assets with Treasuries and U.S. dollars.
    • Additionally, the GENIUS Act will play a key role in attracting more digital asset activity to the country by providing clear rules and promoting responsible innovation in the stablecoin market.

    COMBATING ILLICIT ACTIVITY IN DIGITAL ASSETS: Through regulation and registration of stablecoin issuers, along with coordination with the Treasury Department on sanctions enforcement, the GENIUS Act reinforces our national security.

    • The GENIUS Act explicitly subjects stablecoin issuers to the Bank Secrecy Act, thereby clearly obligating them to establish effective anti-money laundering and sanctions compliance programs with risk assessments, sanctions list verification, and customer identification.
    • This legislation improves the Treasury Department’s ability to combat illicit stablecoin activities by enhancing its sanctions evasion and money laundering enforcement capabilities.
    • All stablecoin issuers must possess the technical capability to seize, freeze, or burn payment stablecoins when legally required and must comply with lawful orders to do so.

    DELIVERING ON PROMISE TO MAKE AMERICA THE CRYPTO CAPITAL OF THE WORLD: President Trump is fulfilling his campaign promise to position America as the global leader in cryptocurrency.

    • President Trump promised to make the United States the “crypto capital of the world,” emphasizing the need to embrace digital assets to drive economic growth and technological leadership.
    • In his first week in office, President Trump signed an Executive Order to promote United States leadership in digital assets.
    • In March, President Trump signed an Executive Order to establish a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, positioning the United States as a leader among nations in government digital asset strategy.
    • President Trump has long been a proponent of the GENIUS Act, saying it “is going to make America the UNDISPUTED Leader in Digital Assets — Nobody will do it better, it is pure GENIUS! Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, and Big Innovation. The House will hopefully move LIGHTNING FAST, and pass a ‘clean’ GENIUS Act. Get it to my desk, ASAP — NO DELAYS, NO ADD ONS. This is American Brilliance at its best, and we are going to show the World how to WIN with Digital Assets like never before!”

    MIL OSI USA News

  • MIL-OSI: Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 18, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2025, consolidated net income was $5,588,000, or $0.67 per diluted share (EPS), as compared to $5,297,000, or $0.64 EPS, for the prior quarter and $5,889,000, or $0.71 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2025 was $10,885,000, or $1.31 EPS, compared to $11,616,000 or $1.41 EPS for the same period of 2024.

    The increase in second quarter net income compared to the prior quarter was the result of loan growth, a rise in the yield of the loan portfolio, and the corresponding increase in interest income. The QTD and YTD decreases compared to the same periods of 2024 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three-months ended June 30, 2025 was $18,154,000, compared to $17,807,000 in the prior quarter, and $17,292,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to an increase in average earning asset balances and loan yields. Gross loans grew by $18,903,000 and $39,820,000 during the second quarter and prior twelve months, respectively, while loans yields continue to trend upward. The cost of funds increased throughout 2024, but began to decline during the first six months of 2025, ending at 0.77% during the second quarter of 2025, as compared to 0.79% for the prior quarter, and 0.73% for the same period of 2024. Net interest margin for the three months ended June 30, 2025 was 4.11%, compared to 4.09% for the prior quarter and 4.11% for the same period last year.

    “Our solid earnings results reflect our steady and cautious approach to managing our business. The increase in net interest income due to loan growth and stable interest margins demonstrates our ability to navigate changing market conditions. Our commitment to relationship-based deposit growth remains strong, enabling us to maintain a competitive lending strategy and manage profitability,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,703,000 for the three-months ended June 30, 2025, compared to $1,613,000 for the prior quarter and $1,760,000 for the same period last year. The increase over the prior period was mainly due to fair value adjustments on a limited partner equity investment and increased production from our investment advisory service and related fee income. The decrease compared to the same period a year ago was the result of the same investment advisory service fee income.

    Non-interest expense totaled $12,688,000 for the three-months ended June 30, 2025, compared to $12,624,000 in the prior quarter and $11,616,000 in the same quarter a year ago. The increases compared to prior periods are due to general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.92 billion at June 30, 2025, a decrease of $3.5 million from March 31, 2025 and an increase of $80.4 million over June 30, 2024. Gross loans were $1.11 billion at June 30, 2025, an increase of $18.9 million over March 31, 2025 and $39.8 million over June 30, 2024. The Company’s total deposits were $1.71 billion as of June 30, 2025, a decrease of $2.4 million from March 31, 2025 and an increase of $66.5 million over June 30, 2024. Our liquidity position remains strong, as evidenced by $198.9 million in cash and cash equivalents balances at June 30, 2025.

    “We are pleased with the continued expansion of our loan portfolio and the overall strength of our balance sheet. While deposits declined marginally from the previous quarter, our year-over-year deposit trajectory remains on an upward trend,” stated Chris Courtney, CEO. “Our growth is a testament to the unwavering dedication and collaboration of our team members. Their commitment to providing outstanding service to our clients has been instrumental in driving our steady growth and ability to exceed client expectations.”        

    Non-performing assets (“NPA”) remained at zero as of June 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased slightly to 1.03% at June 30, 2025, compared to 1.05% at March 31, 2025 and 1.04% at June 30, 2024. The decrease in the ACL as a percentage of gross loans from the prior periods is mainly due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the CECL model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable. As a result, the Company did not record a provision for credit losses during the second quarter.

    The Board of Directors of Oak Valley Bancorp at their July 15, 2025, meeting declared the payment of a cash dividend of $0.30 per share of common stock to its shareholders of record at the close of business on July 28, 2025. The payment date will be August 8, 2025 and will amount to approximately $2,515,000. This is the second dividend payment made by the Company in 2025.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi.

    For more information, call 1-866-844-7500 or visit www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    Selected Quarterly Operating Data: 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
    ($ in thousands, except per share) 2025 2025 2024 2024 2024
                 
      Net interest income $ 18,154   $ 17,807   $ 17,846   $ 17,655   $ 17,292  
      (Reversal of) provision for credit losses               (1,620 )    
      Non-interest income   1,703     1,613     1,430     1,846     1,760  
      Non-interest expense   12,688     12,624     11,548     11,324     11,616  
      Net income before income taxes   7,169     6,796     7,728     9,797     7,436  
      Provision for income taxes   1,581     1,499     1,720     2,473     1,547  
      Net income $ 5,588   $ 5,297   $ 6,008   $ 7,324   $ 5,889  
                 
      Earnings per common share – basic $ 0.68   $ 0.64   $ 0.73   $ 0.89   $ 0.72  
      Earnings per common share – diluted $ 0.67   $ 0.64   $ 0.73   $ 0.89   $ 0.71  
      Dividends paid per common share $   $ 0.300   $   $ 0.225   $  
      Return on average common equity   12.21 %   11.58 %   12.86 %   16.54 %   14.19 %
      Return on average assets   1.18 %   1.13 %   1.25 %   1.56 %   1.30 %
      Net interest margin (1)   4.11 %   4.09 %   4.00 %   4.04 %   4.11 %
      Efficiency ratio (2)   63.90 %   65.01 %   59.91 %   58.07 %   60.97 %
                 
    Capital – Period End          
      Book value per common share $ 22.17   $ 21.89   $ 21.95   $ 22.18   $ 20.55  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.03 %   1.05 %   1.04 %   1.07 %   1.04 %
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,924,365   $ 1,900,604   $ 1,900,455   $ 1,840,521  
      Gross loans   1,109,856     1,090,953     1,106,535     1,075,138     1,070,036  
      Nonperforming assets                    
      Allowance for credit losses   11,430     11,448     11,460     11,479     11,121  
      Deposits   1,711,241     1,713,592     1,695,690     1,690,301     1,644,748  
      Common equity   185,805     183,520     183,436     185,393     171,799  
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,741   $ 1,903,585   $ 1,909,691   $ 1,863,983   $ 1,814,643  
      Average earning assets   1,818,430     1,814,338     1,819,649     1,780,056     1,737,270  
      Average equity   183,612     185,592     185,345     175,693     166,429  
                 
    Non-Financial Data          
      Full-time equivalent staff   231     225     223     222     223  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,382,062     8,382,062     8,357,211     8,358,711     8,359,556  
      Period average – basic   8,245,147     8,231,844     8,224,504     8,221,475     8,219,699  
      Period average – diluted   8,285,299     8,278,301     8,278,427     8,263,790     8,248,295  
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.96   $ 29.25   $ 26.57   $ 24.97  
      Price/Earnings   10.02     9.56     10.09     7.52     8.69  
      Price/Book   1.23     1.14     1.33     1.20     1.22  
                 
    (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.  
    (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly.
                 
                 
                 
    Profitability SIX MONTHS ENDED JUNE 30,      
    ($ in thousands, except per share) 2025 2024      
                 
      Net interest income $ 35,961   $ 34,533        
      (Reversal of) provision for credit losses              
      Non-interest income   3,316     3,279        
      Non-interest expense   25,312     23,145        
      Net income before income taxes   13,965     14,667        
      Provision for income taxes   3,080     3,051        
      Net income $ 10,885   $ 11,616        
                 
      Earnings per share – basic $ 1.32   $ 1.41        
      Earnings per share – diluted $ 1.31   $ 1.41        
      Dividends paid per share $ 0.30   $ 0.225        
      Return on average equity   11.89 %   14.03 %      
      Return on average assets   1.15 %   1.28 %      
      Net interest margin (1)   4.10 %   4.10 %      
      Efficiency ratio (2)   64.44 %   59.36 %      
                 
    Capital – Period End          
      Book value per share $ 22.17   $ 20.55        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.03 %   1.04 %      
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,840,521        
      Gross loans   1,109,856     1,070,036        
      Nonperforming assets              
      Allowance for credit losses   11,430     11,121        
      Deposits   1,711,241     1,644,748        
      Stockholders’ equity   185,805     171,799        
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,663   $ 1,819,426        
      Average earning assets   1,816,395     1,740,898        
      Average equity   184,596     166,071        
                 
    Non-Financial Data          
      Full-time equivalent staff   231     223        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,382,062     8,359,556        
      Period average – basic   8,238,532     8,214,658        
      Period average – diluted   8,281,819     8,246,472        
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.97        
      Price/Earnings   10.22     8.81        
      Price/Book   1.23     1.22        
                 
      (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly.
    Contact: Chris Courtney/Rick McCarty
    Phone:  (209) 848-2265
      www.ovcb.com

    The MIL Network

  • MIL-OSI: Oak Valley Bancorp Reports 2nd Quarter Results and Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., July 18, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended June 30, 2025, consolidated net income was $5,588,000, or $0.67 per diluted share (EPS), as compared to $5,297,000, or $0.64 EPS, for the prior quarter and $5,889,000, or $0.71 EPS, for the same period a year ago. Consolidated net income for the six months ended June 30, 2025 was $10,885,000, or $1.31 EPS, compared to $11,616,000 or $1.41 EPS for the same period of 2024.

    The increase in second quarter net income compared to the prior quarter was the result of loan growth, a rise in the yield of the loan portfolio, and the corresponding increase in interest income. The QTD and YTD decreases compared to the same periods of 2024 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three-months ended June 30, 2025 was $18,154,000, compared to $17,807,000 in the prior quarter, and $17,292,000 in the same period a year ago. The increase in net interest income over the prior periods is attributed to an increase in average earning asset balances and loan yields. Gross loans grew by $18,903,000 and $39,820,000 during the second quarter and prior twelve months, respectively, while loans yields continue to trend upward. The cost of funds increased throughout 2024, but began to decline during the first six months of 2025, ending at 0.77% during the second quarter of 2025, as compared to 0.79% for the prior quarter, and 0.73% for the same period of 2024. Net interest margin for the three months ended June 30, 2025 was 4.11%, compared to 4.09% for the prior quarter and 4.11% for the same period last year.

    “Our solid earnings results reflect our steady and cautious approach to managing our business. The increase in net interest income due to loan growth and stable interest margins demonstrates our ability to navigate changing market conditions. Our commitment to relationship-based deposit growth remains strong, enabling us to maintain a competitive lending strategy and manage profitability,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,703,000 for the three-months ended June 30, 2025, compared to $1,613,000 for the prior quarter and $1,760,000 for the same period last year. The increase over the prior period was mainly due to fair value adjustments on a limited partner equity investment and increased production from our investment advisory service and related fee income. The decrease compared to the same period a year ago was the result of the same investment advisory service fee income.

    Non-interest expense totaled $12,688,000 for the three-months ended June 30, 2025, compared to $12,624,000 in the prior quarter and $11,616,000 in the same quarter a year ago. The increases compared to prior periods are due to general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.92 billion at June 30, 2025, a decrease of $3.5 million from March 31, 2025 and an increase of $80.4 million over June 30, 2024. Gross loans were $1.11 billion at June 30, 2025, an increase of $18.9 million over March 31, 2025 and $39.8 million over June 30, 2024. The Company’s total deposits were $1.71 billion as of June 30, 2025, a decrease of $2.4 million from March 31, 2025 and an increase of $66.5 million over June 30, 2024. Our liquidity position remains strong, as evidenced by $198.9 million in cash and cash equivalents balances at June 30, 2025.

    “We are pleased with the continued expansion of our loan portfolio and the overall strength of our balance sheet. While deposits declined marginally from the previous quarter, our year-over-year deposit trajectory remains on an upward trend,” stated Chris Courtney, CEO. “Our growth is a testament to the unwavering dedication and collaboration of our team members. Their commitment to providing outstanding service to our clients has been instrumental in driving our steady growth and ability to exceed client expectations.”        

    Non-performing assets (“NPA”) remained at zero as of June 30, 2025, as they were for all of 2025 and 2024. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased slightly to 1.03% at June 30, 2025, compared to 1.05% at March 31, 2025 and 1.04% at June 30, 2024. The decrease in the ACL as a percentage of gross loans from the prior periods is mainly due to the growth in the loan portfolio. Management has performed a thorough analysis of credit risk as part of the CECL model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable. As a result, the Company did not record a provision for credit losses during the second quarter.

    The Board of Directors of Oak Valley Bancorp at their July 15, 2025, meeting declared the payment of a cash dividend of $0.30 per share of common stock to its shareholders of record at the close of business on July 28, 2025. The payment date will be August 8, 2025 and will amount to approximately $2,515,000. This is the second dividend payment made by the Company in 2025.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop. The company will open its 19th branch location later this year in Lodi.

    For more information, call 1-866-844-7500 or visit www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    Selected Quarterly Operating Data: 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter 2nd Quarter
    ($ in thousands, except per share) 2025 2025 2024 2024 2024
                 
      Net interest income $ 18,154   $ 17,807   $ 17,846   $ 17,655   $ 17,292  
      (Reversal of) provision for credit losses               (1,620 )    
      Non-interest income   1,703     1,613     1,430     1,846     1,760  
      Non-interest expense   12,688     12,624     11,548     11,324     11,616  
      Net income before income taxes   7,169     6,796     7,728     9,797     7,436  
      Provision for income taxes   1,581     1,499     1,720     2,473     1,547  
      Net income $ 5,588   $ 5,297   $ 6,008   $ 7,324   $ 5,889  
                 
      Earnings per common share – basic $ 0.68   $ 0.64   $ 0.73   $ 0.89   $ 0.72  
      Earnings per common share – diluted $ 0.67   $ 0.64   $ 0.73   $ 0.89   $ 0.71  
      Dividends paid per common share $   $ 0.300   $   $ 0.225   $  
      Return on average common equity   12.21 %   11.58 %   12.86 %   16.54 %   14.19 %
      Return on average assets   1.18 %   1.13 %   1.25 %   1.56 %   1.30 %
      Net interest margin (1)   4.11 %   4.09 %   4.00 %   4.04 %   4.11 %
      Efficiency ratio (2)   63.90 %   65.01 %   59.91 %   58.07 %   60.97 %
                 
    Capital – Period End          
      Book value per common share $ 22.17   $ 21.89   $ 21.95   $ 22.18   $ 20.55  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.03 %   1.05 %   1.04 %   1.07 %   1.04 %
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,924,365   $ 1,900,604   $ 1,900,455   $ 1,840,521  
      Gross loans   1,109,856     1,090,953     1,106,535     1,075,138     1,070,036  
      Nonperforming assets                    
      Allowance for credit losses   11,430     11,448     11,460     11,479     11,121  
      Deposits   1,711,241     1,713,592     1,695,690     1,690,301     1,644,748  
      Common equity   185,805     183,520     183,436     185,393     171,799  
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,741   $ 1,903,585   $ 1,909,691   $ 1,863,983   $ 1,814,643  
      Average earning assets   1,818,430     1,814,338     1,819,649     1,780,056     1,737,270  
      Average equity   183,612     185,592     185,345     175,693     166,429  
                 
    Non-Financial Data          
      Full-time equivalent staff   231     225     223     222     223  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,382,062     8,382,062     8,357,211     8,358,711     8,359,556  
      Period average – basic   8,245,147     8,231,844     8,224,504     8,221,475     8,219,699  
      Period average – diluted   8,285,299     8,278,301     8,278,427     8,263,790     8,248,295  
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.96   $ 29.25   $ 26.57   $ 24.97  
      Price/Earnings   10.02     9.56     10.09     7.52     8.69  
      Price/Book   1.23     1.14     1.33     1.20     1.22  
                 
    (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.  
    (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly.
                 
                 
                 
    Profitability SIX MONTHS ENDED JUNE 30,      
    ($ in thousands, except per share) 2025 2024      
                 
      Net interest income $ 35,961   $ 34,533        
      (Reversal of) provision for credit losses              
      Non-interest income   3,316     3,279        
      Non-interest expense   25,312     23,145        
      Net income before income taxes   13,965     14,667        
      Provision for income taxes   3,080     3,051        
      Net income $ 10,885   $ 11,616        
                 
      Earnings per share – basic $ 1.32   $ 1.41        
      Earnings per share – diluted $ 1.31   $ 1.41        
      Dividends paid per share $ 0.30   $ 0.225        
      Return on average equity   11.89 %   14.03 %      
      Return on average assets   1.15 %   1.28 %      
      Net interest margin (1)   4.10 %   4.10 %      
      Efficiency ratio (2)   64.44 %   59.36 %      
                 
    Capital – Period End          
      Book value per share $ 22.17   $ 20.55        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.03 %   1.04 %      
                 
    Balance Sheet – Period End (in thousands)          
      Total assets $ 1,920,909   $ 1,840,521        
      Gross loans   1,109,856     1,070,036        
      Nonperforming assets              
      Allowance for credit losses   11,430     11,121        
      Deposits   1,711,241     1,644,748        
      Stockholders’ equity   185,805     171,799        
                 
    Balance Sheet – Average (in thousands)          
      Average assets $ 1,903,663   $ 1,819,426        
      Average earning assets   1,816,395     1,740,898        
      Average equity   184,596     166,071        
                 
    Non-Financial Data          
      Full-time equivalent staff   231     223        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,382,062     8,359,556        
      Period average – basic   8,238,532     8,214,658        
      Period average – diluted   8,281,819     8,246,472        
                 
    Market Ratios          
      Stock Price $ 27.24   $ 24.97        
      Price/Earnings   10.22     8.81        
      Price/Book   1.23     1.22        
                 
      (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly.
    Contact: Chris Courtney/Rick McCarty
    Phone:  (209) 848-2265
      www.ovcb.com

    The MIL Network

  • MIL-OSI: Lake Shore Bancorp Announces Closing of Conversion Transaction

    Source: GlobeNewswire (MIL-OSI)

    DUNKIRK, N.Y., July 18, 2025 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (“Lake Shore Bancorp”) (NASDAQ: LSBK), the new holding company for Lake Shore Bank (the “Bank”), announced that the conversion of Lake Shore, MHC from mutual to stock form, the related stock offering by Lake Shore Bancorp and the Bank’s conversion from a federal savings bank to a New York chartered commercial bank closed following the close of business today. Lake Shore Bancorp’s common stock is expected to begin trading on the Nasdaq Global Market under the trading symbol “LSBK” on July 21, 2025.

    As a result of the subscription offering, Lake Shore Bancorp sold a total of 4,950,460 shares of its common stock (approximately the midpoint of the offering range) at a price of $10.00 per share for total gross proceeds of $49.5 million.

    Lake Shore Bancorp’s transfer agent, Computershare Trust Company, N.A. (“Computershare”), expects to mail Direct Registration System (“DRS”) Book-Entry statements for shares purchased in the subscription offering and interest checks, on or about July 21, 2025.

    As part of the conversion transaction, each outstanding share of Lake Shore Bancorp, Inc., a federal corporation (“Lake Shore Federal Bancorp”) common stock owned by the public stockholders of Lake Shore Federal Bancorp (stockholders other than Lake Shore, MHC) as of the closing date was converted into shares of Lake Shore Bancorp common stock based on an exchange ratio of 1.3549 shares of Lake Shore Bancorp common stock for each share of Lake Shore Federal Bancorp common stock so that Lake Shore Federal Bancorp’s existing public stockholders will own approximately the same percentage of Lake Shore Bancorp’s common stock as they owned of Lake Shore Federal Bancorp’s common stock immediately prior to the conversion, subject to adjustment as disclosed in the prospectus. Cash was issued in lieu of a fractional share of Lake Shore Bancorp common stock based on the offering price of $10.00 per share. Upon the completion of the conversion and stock offering, approximately 7,825,877 shares of Lake Shore Bancorp common stock are outstanding before adjustment for fractional shares.

    Stockholders of Lake Shore Federal Bancorp holding shares in street name will receive shares of Lake Shore Bancorp common stock and cash in lieu of fractional shares within their accounts. Stockholders of Lake Shore Federal Bancorp holding shares in certificated form will be mailed a letter of transmittal on or about July 21, 2025. After submitting their stock certificates and a properly completed letter of transmittal to Computershare, stockholders will receive DRS Book-Entry statements reflecting their shares of Lake Shore Bancorp common stock and checks for cash in lieu of fractional shares.

    Luse Gorman, PC acted as legal counsel to Lake Shore Bancorp and Lake Shore Federal Bancorp. Raymond James & Associates, Inc. acted as marketing agent for Lake Shore Bancorp in the subscription offering. Kilpatrick Townsend & Stockton LLP acted as legal counsel to Raymond James & Associates, Inc.

    About Lake Shore

    Lake Shore Bancorp is the holding company of Lake Shore Bank, a New York chartered, community-oriented financial institution headquartered in Dunkirk, New York. The Bank has ten full-service branch locations in Western New York, including four in Chautauqua County and six in Erie County. The Bank offers a broad range of retail and commercial lending and deposit services. Lake Shore Bancorp’s common stock is traded on the NASDAQ Global Market as “LSBK”. Additional information about Lake Shore Bancorp is available at www.lakeshoresavings.com.

    Safe-Harbor

    This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, that are based on current expectations, estimates and projections about Lake Shore Federal Bancorp’s, Lake Shore Bancorp, Inc.’s (collectively, the “Company”) and the Bank’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify forward-looking statements. Such statements reflect management’s current views of future events and operations. These forward-looking statements are based on information currently available to the Company as of the date of this release. It is important to note that these forward-looking statements are not guarantees of future performance and involve and are subject to significant risks, contingencies, and uncertainties, many of which are difficult to predict and are generally beyond our control including, but not limited to, possible unforeseen delays in delivering DRS Book-Entry statements or interest checks; delays in the start of trading due to market disruptions or otherwise, data loss or other security breaches, including a breach of our operational or security systems, policies or procedures, including cyber-attacks on us or on our third party vendors or service providers, economic conditions, the effect of changes in monetary and fiscal policy, inflation, tariffs, unanticipated changes in our liquidity position, climate change, geopolitical conflicts, public health issues, increased unemployment, deterioration in the credit quality of the loan portfolio and/or the value of the collateral securing repayment of loans, reduction in the value of investment securities, the cost and ability to attract and retain key employees, regulatory or legal developments, tax policy changes, dividend policy changes and our ability to implement and execute our business plan and strategy and expand our operations. These factors should be considered in evaluating forward looking statements and undue reliance should not be placed on such statements, as our financial performance could differ materially due to various risks or uncertainties. We do not undertake to publicly update or revise our forward-looking statements if future changes make it clear that any projected results expressed or implied therein will not be realized.

    Legal Disclosures

    The shares of common stock of Lake Shore Bancorp, Inc. are not savings accounts or deposit accounts and are not insured by the Federal Deposit Insurance Corporation or by any other governmental agency.

    Source: Lake Shore Bancorp, Inc.
    Category: Financial

    Investor Relations/Media Contact
    Kim C. Liddell
    President, CEO, and Director
    Lake Shore Bancorp, Inc.
    31 East Fourth Street
    Dunkirk, New York 14048
    (716) 366-4070 ext. 1012

    The MIL Network

  • MIL-OSI: Pyrophyte Acquisition Corp. II Announces Closing of $175 Million Initial Public Offering

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, TX, July 18, 2025 (GLOBE NEWSWIRE) — Pyrophyte Acquisition Corp. II (NYSE: PAII) (the “Company”) today announced the closing of its initial public offering of 17,500,000 units at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

    The units are listed on the New York Stock Exchange (the “NYSE”) and commenced trading under the ticker symbol “PAII.U” on July 17, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on NYSE under the symbols “PAII” and “PAII WS,” respectively.

    Concurrently with the closing of the initial public offering, the Company closed on a private placement of 5,050,000 warrants to Pyrophyte Acquisition II LLC, the Company’s sponsor, at a price of $1.00 per warrant, resulting in gross proceeds of $5,050,000. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and the simultaneous private placement of warrants, $175,000,000 (or $10.00 per unit sold in the public offering) was placed in trust.

    Pyrophyte Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it expects to target opportunities and companies in the energy sector.

    UBS Investment Bank acted as the lead book-running manager of the offering and Brookline Capital Markets, a division of Arcadia Securities, LLC acted as the co-manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.

    A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on July 16, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from UBS Securities LLC, 1285 Avenue of the Americas, New York, New York 10019, Attention: Prospectus Department, or by email at: prospectusrequest@ubs.com.

    Cautionary Note Concerning Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering, available on the SEC’s website, www.sec.gov, and the Company’s preliminary prospectus. The Company undertakes no obligation to update these statements for revisions or changes after the issuance of this release, except as required by law.

    Contact

    Sten Gustafson
    President and Chief Financial Officer
    Pyrophyte Acquisition Corp. II
    sten.gustafson@pyrophytespac.com

    The MIL Network

  • MIL-OSI USA: Bill to Support Maine’s Lobster Industry Clears Appropriations Committee

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: July 18, 2025

    Washington, D.C. – U.S. Senator Susan Collins, Chair of the Senate Appropriations Committee, announced that she advanced significant funding and key language to support Maine’s lobster industry in the Fiscal Year (FY) 2026 Commerce, Justice, Science, and Related Agencies (CJS) Appropriations bill. The bill, which was officially approved by the Senate Appropriations Committee yesterday, now awaits consideration by the full Senate and House.
    “This funding would support Maine’s lobster industry by improving the incomplete and imprecise science and research upon which the federal government relies. The flawed data being used to inform regulations has created unnecessary, burdensome requirements for Maine lobstermen and women,” said Senator Collins. “As the Chair of the Appropriations Committee, I will continue to advocate for this funding as the appropriations process moves forward.”
    Funding and legislative language advanced by Senator Collins:
    North Atlantic Right Whale: $30 million for the Atlantic States Marine Fisheries Commission for Right Whale related research and monitoring.
    Language is also included directing the National Oceanic and Atmospheric Administration (NOAA) to work with Canada to develop risk reduction measures that are comparable in effectiveness to U.S. measures.
    National Sea Grant Program: $80 million for the National Sea Grant Program. Earlier this year, the Department of Commerce announced that Maine Sea Grant was being defunded. At the urging of Senator Collins, Secretary of Commerce Howard Lutnick directed NOAA to renegotiate the terms and conditions of the work to be performed by Maine Sea Grant to ensure that it focuses on advancing Maine’s coastal economies, working waterfronts, and sustainable fisheries.
    American Lobster Research: $2 million for Gulf of Maine and Georges Bank American lobster research through Maine Sea Grant.
    $300,000 to support a cooperative research program to collect biological, fishery, and environmental data for American lobster and Jonah crab using modern technology on commercial fishing vessels.
    Language is also included that directs this research to be carried out through a partnership of state agencies, academia, and industry with a focus on “stock resilience in the face of environmental changes” and “topics necessary to respond to newly implemented or future modifications to the Atlantic Large Whale Take Reduction Plan.”
    Gray Zone: Report language directing NOAA to work with Canadian and state fisheries officials to develop a cooperative fisheries management plan in the Gray Zone.
    In addition, Senator Collins advanced more than $73 million for Congressionally Directed Spending projects in Maine through the CJS Appropriations bill. Of these projects, $1 million is included to expand the American Lobster Settlement Index collector survey at the University of Maine.
    This funding and language advanced through the Committee’s markup of the FY 2026 CJS appropriations bill—an important step that now allows the bill to be considered by the full Senate.

    MIL OSI USA News

  • MIL-OSI Banking: The Energy Origins of the Global Inflation Surge

    Source: International Monetary Fund

    Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

    MIL OSI Global Banks

  • MIL-OSI Security: Robbers who vandalized ATMs so they could steal cash when repair technicians opened the machines, arrested in Mississippi

    Source: Office of United States Attorneys

    Seattle – Two Texas men made initial appearances Thursday July 17, 2025, in U.S. District Court in Seattle charged with conspiracy to commit robbery for their scheme to steal from banks by assaulting and threatening ATM technicians, announced Acting U.S. Attorney Teal Luthy Miller. Ahmon Hogg, 22, of Humble Texas and Seth Coles-Body, 23, of Houston, were identified as part of a robbery ring operating across the country. The men would allegedly disable ATM machines with a glue-like substance and when the technician showed up to fix the machine, they would threaten the technician to give them the cash containers, called cassettes, from the ATM.

    In December 2024, the pair allegedly were part of a gang that disabled ATMs on December 23 and 24, when the machines would be loaded with cash for the Christmas holiday. The coconspirators disabled a Bank of America ATM in Renton with a glue-like substance that caused the card reader to stop functioning. After the technician arrived and began repairing the machine, he was forcibly confronted by two men who brandished a screwdriver and demanded he open the machine and provide them with the cash cassettes. The technician did not open the machine and after a scuffle the technician was able to escape. Bank surveillance video did capture images of the robber’s vehicle and clothing. The men were wearing masks.

    The next day in Vancouver, Washington a technician was sent to repair a Bank of America ATM on SE Mill Plain Boulevard. Again, a glue-like substance had been used to disable the card reader. The technician noticed the cash dispenser was also jammed. As she started repairs, two men ran up and shoved her out of the way and grabbed five cash cassettes filled with currency. The men fled in a car that matched one seen the previous day in connection with the attempted robbery in Renton. Some of the clothing worn by the suspects was also a match for the Renton attempted robbery.

    Authorities also learned that a Bank of America ATM was disabled that same day in Battleground Washington, not far from Vancouver.

    While the investigations were ongoing in Washington, Hogg and Coles-Body were identified in connection to ATM tampering cases on January 3, 2025, in the Phoenix, Arizona area. ATMs for Bank of America and Wells Fargo had been tampered with – a card covered in glue had been inserted into the machines. The FBI set up surveillance on the ATMs and ultimately spotted a car that bank images connected to the tampering. The car and its occupants appeared to be waiting for a technician to arrive at the ATM. Law enforcement stopped the car and was able to identify Hogg and Coles-Body. They were released from custody.

    On March 7, 2025, a technician at a Bank of America in Redmond, Washington, reported he had been robbed. He was working on a machine where once again the card reader was disabled by a glue-like substance. Once the machine was open, two robbers ran up and stole cash canisters filled with money from the machine. Five of the canisters were later recovered, damaged, on the shoulder of highway 520.  A few days later, Coles-Body was stopped by U.S. Border Patrol attempting to travel into Mexico by Greyhound bus with approximately $209,000 in cash. The cash was seized, and Coles-Body was released.

    A criminal complaint and warrant for arrest were sworn on July 2, 2025. The men were arrested in a traffic stop in Mississippi, with stolen firearms found in their car. They made an initial appearance in Jackson Mississippi federal court on July 3, 2025, and the Magistrate Judge ordered the Marshal Service to transport them to Seattle.

    Conspiracy to commit robbery is punishable by up to five years in prison.

    The charges contained in the criminal complaint are only allegations.  A person is presumed innocent unless and until he or she is proven guilty beyond a reasonable doubt in a court of law.

    The case is being investigated by the FBI and the Columbia River Organized Crime Task Force. The case is being prosecuted by Assistant United States Attorney Amanda McDowell.

    MIL Security OSI

  • MIL-OSI Economics: Oil Shocks and Labor Market Developments

    Source: International Monetary Fund

    Summary

    This paper examines how oil shocks shape labor market outcomes across 89 countries from 1975 to 2022. Leveraging a high-frequency oil supply shock series and a rich panel of quarterly labor market data, we find that shocks raising oil prices trigger sharp and persistent employment losses, particularly in oil-importing countries, oil-intensive sectors, and among male workers. Delayed but enduring employment declines also emerge in oil-moderate sectors and among female workers, revealing broader labor market implications. In contrast, employment gains in oil-exporting countries, and following expansionary supply shocks, are comparatively modest. Labor force participation responds less consistently, with patterns displaying higher variability. These findings highlight how oil shocks transmit unevenly through labor markets, with lasting impacts across countries, sectors, and demographic groups, extending well beyond short-term macroeconomic fluctuations.

    Subject: Commodities, Economic theory, Employment, Employment rate, Labor, Labor force participation, Labor markets, Oil, Oil prices, Oil production, Prices, Production, Supply shocks, Unemployment

    Keywords: Bank of England, Cross-country labor adjustment, Employment, Employment heterogeneity, Employment rate, Global, High-frequency identification, Interim surveillance review, Labor force participation, Labor market, Labor markets, Oil, Oil exports, Oil prices, Oil production, Oil supply shocks, Organisation for Economic Co-operation and Development, Supply shocks, Unemployment, Unemployment rate

    MIL OSI Economics