NewzIntel.com

Category: Business

  • MIL-OSI Europe: Highlights – European Parliamentary Week 2025 – Committee on Economic and Monetary Affairs

    Source: European Parliament

    The European Parliamentary Week (EPW) 2025, co-organised by the European Parliament, the Polish Seijm and the Polish Senate, will take place on 17 and 18 February 2025 at the European Parliament in Brussels. The event brings together parliamentarians from the EU, candidate and observer countries to discuss economic, budgetary and social matters.

    On Monday 17 February, the ECON Committee ICM (16.20 – 19.20 CET) will be dedicated to “The future of Banking Union and Capital Markets Union” and to ” Creating an ecosystem for European investments”. In the first panel, parliamentarians will exchange views with Julia SYMON (Finance Watch), Édouard FERNANDEZ BOLLO (Former-member of the Supervisory Board of the ECB), and Anastasia KOTOVSKAIA (Centre for European Policy). The second panel features Ms Iliyana TSANOVA, (Chief Risk Officer, European Commission), Hélène BUSSIERES (Head of the Asset Management Unit, DG FISMA, European Commission), and Roxana DE CARVALHO (ESMA).

    On the second day, two plenary sessions will cover “The Improvement of EU’s competitiveness through the single market, innovation policy, better regulation and quality jobs” with Mario Draghi as key speaker and the lessons learned from “The first national plans under the revised Economic Governance Framework”.

    MIL OSI Europe News –

  • MIL-OSI Russia: Polytechnic University and UK KER-Holding: six-year cooperation

    Translartion. Region: Russians Fedetion –

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

    In the research laboratory “Laser and Additive Technologies” of the Institute of Mechanical Engineering of Materials and Transport of SPbPU, acceptance tests of the laser powder cladding complex were carried out. Specialists of the company “UK KER-Holding” assessed the configuration and capabilities of the manufactured installation.

    Polytechnic University and the management company “Complex Energy Development-Holding” began to cooperate in 2019, when the organization was choosing reliable partners for the repair of gas turbine engines. Over six years, specialists from the Research Laboratory “LiAT” of IMMiT have completed more than 20 projects. Now two projects are being implemented at once: the commissioning of the complex and the repair of the second-stage working blades of the GTE.

    In addition, the Polytechnic University conducted acceptance tests of the laser powder cladding complex. The customer was represented by the chief metallurgist of UK KER-Holding Yuri Dvoeglazov, investment director Zufar Idrisov and chief designer Nikolai Tsyganov.

    Successful completion of acceptance tests under the contract for the supply of the unit is another starting point in cooperation with the company. Our specialists developed technical documentation and manufactured the complex. We demonstrated the surfacing process in real conditions to the receiving party, – said Mikhail Kuznetsov, head of the Research Laboratory “LiAT” of IMMiT.

    Laser powder cladding and direct laser deposition are modern technologies that allow creating materials and products with high precision and quality. They are used in various industries, such as medicine, aviation, space exploration, energy, mechanical engineering and others.

    We can confidently talk about the fruitful work carried out over six years of cooperation. In the Polytech-KER-Holding team, specialists have completed many projects and solved a large number of “starred” problems. Direct evidence of this is the serial repair of working and nozzle blades of gas turbine engines and the creation of a laser powder cladding complex with technology transfer, – shared Yuri Dvoeglazov.

    It is gratifying that the interaction between the Polytechnic University and UK KER-Holding is actively developing. The employees of the Research Laboratory LiAT make a worthy contribution to strengthening the ties. Long-term cooperation in the field of repair of nozzle units using the laser powder cladding method is of great importance for the development of the energy industry, – noted the Director of IMMiT Anatoly Popovich.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Cultural Code of the Celestial Empire: How to Do Business in China

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Mikhail Dmitriev / Higher School of Economics

    By 2035, China will overtake the United States in terms of GDP and become the world’s largest economy. Today, there are over 108 million entrepreneurs and 50 million industrial enterprises in this country. Last year, economic growth was 4.8%. This opens up unique opportunities for Russian companies. HSE experts explained how to enter one of the most promising markets.

    The HSE Expert Club “Eastern Perspective” held a business session “China: Five Steps to Entering the Market That Will Bring Profits”. The club was created by HSE experts to discuss tools, trends and insights on cooperation between Russia and the countries of Southeast Asia, the Near and Middle East, and North Africa. The participants were addressed by experts with successful experience in the Chinese market. The meeting was moderated by Deputy Director Marketing Communications Directorate HSE University Dmitry Chubarov.

    Sergey Mikhnevich, Managing Director of the Department of International Multilateral Cooperation and Integration of the Russian Union of Industrialists and Entrepreneurs, Coordinator of Russian Business Participation in the Business Twenty, Executive Secretary, Member of the Presidium of the Business Council of the Eurasian Economic Union, spoke about a possible strategy for working with the Chinese business community and GR. First of all, he noted that China is the largest trading partner for Russia, but the volume of trade is quite concentrated and is mostly tied to one or two large projects. At the same time, there is currently a shortage of good experts in China in our country. Even the number of Russians who know Chinese and study this country has noticeably decreased in recent years.

    The speaker noted a number of markers of the Chinese approach to the market, related to the consideration of national characteristics, that is, the adaptation of foreign experience to their own realities and capabilities. He assigns a key role to the government of the PRC, since certain attributes of socialism are preserved in the country, which affects, among other things, the system of development of the Chinese economy and various methods of managing it. First of all, the Chinese market is a market of tough competition with directive management methods.

    “Despite the fact that for 10-12 years the PRC has been placing a big bet on increasing the role of the domestic market as an economic driver, exports also play a colossal role. At the same time, many companies enter the Chinese market not to sell their products, but to use the country’s production capabilities and then export goods to the target market, be it the Russian Federation or the countries of the Asia-Pacific region. There are quite a few such examples in a variety of economic sectors, because China’s import needs are really very high,” he said.

    According to the expert, China currently has a need for such areas as green development, ensuring the sustainability of supply chains for goods and raw materials, and the formation of new dynamic and stable sales markets.

    Professor Faculty of World Economy and World PoliticsNatalia Guseva, head of the HSE educational programs “Business with the East”, presented the educational programs “Eastern Perspective” for entrepreneurs working with countries of the Near and Middle East, North Africa, and the Indo-Pacific region.

    The flagship five-month program “Eastern Perspective: Strategy and Tactics for Building a Business” combines the experience and practices of entering new markets in developed countries of the Global East. Intensive three-month program “Eastern Perspective: The Basics of Building a Business” is aimed at obtaining practical knowledge on business development, launching international projects in various sectors of the economy with countries of the Global East.

    Three-week program «Eastern Perspective: The Practice of Building a Business in China“focuses on knowledge, strategies and practices for building a successful business in this country.

    “We want to give listeners new knowledge and share successful cases, and sometimes failed cases, when a company loses tens and hundreds of thousands, or even millions, due to mistakes. It is very important to understand what strategy you are going to use to enter the Chinese market and how you are going to compete there,” Natalia Guseva emphasized. “For example, why do they only talk about how to export products? Why not create a local enterprise? Why not make direct foreign investments? Why not think about licensing or franchising, depending on the specifics of the product or services provided?”

    Anastasia Nasedkina, founder of a Chinese marketing agency, spoke about the peculiarities of the Chinese market Matessa, author of educational courses on Chinese advertising platforms Baidu, WeChat, Weibo, Douyin (Ocean Engine). According to her, there are a number of significant differences from the Russian and European markets that need to be understood. For example, the Chinese in most cases trade and conduct business via mobile phones, not from a desktop computer, so to enter the Chinese market, a company does not need a website: its functionality will be replaced by the official WeChat account. For the same reason, social networks are serious tools for business development there. Analogues of WhatsApp, FB, Inst and VK, which are used in China: WeChat, Weibo, Douyin, Kuaishou, QQ.

    A foreign company must register a legal entity – this will allow it to promote the brand without strict restrictions. In addition, having a legal entity increases audience loyalty. A verified WeChat account will provide a credit of trust even for a young company: legal entity accounts are strictly checked, and this takes up to six months.

    One of the most popular online platforms for watching and sharing short videos is Douyin, the Chinese version of TikTok. Its audience is very diverse: about 60% of users are between the ages of 18 and 35, followed by the audience of 35-50 years old. The platform is popular in various regions of China, with a significant portion of users coming from first- and second-tier cities, that is, developed and wealthy provinces. The platform has a built-in Douyin Shop, where you can sell products if you have a registered trademark.

    In addition, live broadcasts conducted by the brand’s official account are popular in the country. In 2021, they already accounted for 57% of all broadcasts on the Douyin platform. The content on these accounts consists of simple and short videos, the editing of which mainly comes down to adding background music and effects.

    Entering the Chinese market should always begin with research, notes Anastasia Nasedkina. It is necessary to analyze the demand of the target audience, competitors, as well as the economic and political landscape. It is also important to assess the brand’s presence in the digital environment, the adaptation of the product and service to local preferences, the ability to ensure fast and hassle-free payment for purchases through local services.

    It is also important to pay attention to national rules of negotiation. Here, the strict hierarchy of age and position, the Chinese desire to “not lose face,” as well as cultural differences with Western views on topics such as worldview, relationships, family, etc. are important.

    “When you enter the Chinese market and hire employees there, you need to somehow build interaction with them, and it is important to either have a person who understands all these cultural differences and peculiarities and can build communication, or to immerse yourself and thus build a team in China. The Chinese market is quite complex, but with proper preparation and understanding, with the right strategy, you can enter it and gain a foothold in one or two years,” she summed up.

    In conclusion, the moderator of the event, Dmitry Chubarov, once again invited the business session participants to take the HSE educational programs dedicated to the East. He emphasized that the expertise and cases that will be discussed will not be based on abstract textbooks, but on the daily successful practice of both Russian and international companies.

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

    MIL OSI Russia News –

  • MIL-OSI: PU Prime Launches ‘Feather Your Trades’ Promotion to Support Traders and Enhance Confidence

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 10, 2025 (GLOBE NEWSWIRE) — PU Prime is launching Feather Your Trades, a promotion aimed at supporting traders in managing losses and maintaining confidence in their trading activities. Running from 15 January to 15 February 2025, clients can redeem up to $30 in Trade Loss Vouchers to offset losses on eligible closed trades.

    How It Works

    • Clients can access $30 in Trade Loss Vouchers, distributed in $5 increments (6 vouchers in total), through the PU Prime App.
    • These vouchers can be applied to offset losses on eligible closed trades.
    • The initiative encourages traders to adapt their strategies and continue engaging confidently with the markets.

    Eligibility
    The promotion is open to both new and existing clients holding Standard or Islamic Standard Accounts. Each client is eligible to redeem the vouchers once during the promotional period.

    Benefits of the Promotion

    • Convenient Access: Vouchers can be redeemed and applied directly through the app.
    • Supportive Approach: Helps offset losses, allowing traders to focus on refining their strategies.
    • Accessible to All: Designed for traders of all experience levels.

    This initiative reflects PU Prime’s commitment to fostering resilience and adaptability in trading.
    For media inquiries, the PR team can be contacted at media@puprime.com.

    About PU Prime
    Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, they offer regulated financial products across various asset classes, including forex, commodities, indices, and cryptocurrencies. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 120 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders.

    Contact

    Hong Qianyi
    PU Prime
    media@puprime.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1d4e0d4-7304-40a6-bd50-86a4057119bf

    The MIL Network –

  • MIL-OSI: Exploring the New PU Prime Website: A Fresh Look for a Prime Experience

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 10, 2025 (GLOBE NEWSWIRE) — PU Prime has unveiled its newly redesigned website, offering an intuitive, seamless, and dynamic experience for both traders and investors. This upgrade focuses on more than just a fresh look, emphasizing enhanced accessibility and improved navigation across PU Prime’s extensive range of services, making it easier for users to engage with the platform.

    What’s New

    • Optimized Navigation: Improved menus and a responsive layout make it easier to quickly locate essential information.
    • Mobile Optimization: The website is now fully optimized for all devices, ensuring a smooth browsing experience on desktops, tablets, and smartphones.
    • Enhanced Design: Featuring a clean and modern aesthetic, the redesigned website offers an engaging and intuitive experience for accessing market insights, trading tools, and educational resources.

    Easier Access to Products and Insights
    PU Prime’s redesigned website places its core products—Forex, commodities, shares, ETFs, and more—front and center, streamlining access for users to explore and trade. Additionally, the new knowledge hub provides valuable insights and resources, empowering users to stay informed and navigate the markets effectively.

    A New Perspective on PU Prime’s Journey
    PU Prime has unveiled a teaser of its new brand awareness video, now featured on the Homepage and About Us page. This creative and lighthearted video takes viewers on a journey through time, from the Stone Age to the present, offering a unique perspective on PU Prime’s origins.

    To watch the full video and explore PU Prime from a fresh perspective, users can find it here.

    Looking to the Future
    The redesigned website reflects PU Prime’s commitment to continually enhancing the trading experience. Future updates and innovations will further align with the evolving needs of users, ensuring a dynamic and user-focused platform.

    For media inquiries, the PR team can be reached at media@puprime.com.

    About PU Prime
    Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, PU Prime offers a diverse range of financial products across various asset classes, including forex, commodities, indices, and cryptocurrencies. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. Their trading platform serves a wide-reaching international audience, with over 40 million app downloads worldwide. PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders.

    Contact

    Hong Qianyi
    PU Prime
    media@puprime.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9700339-5415-4b32-8850-a9b3dc96596b

    The MIL Network –

  • MIL-OSI United Kingdom: Ilchester Estate pays nearly £28,000 for over abstracting water

    Source: United Kingdom – Executive Government & Departments

    The Environment Agency used powers to impose a Variable Monetary Penalty after the estate took more water from the Dorset Frome than it was licensed to do.

    Ilchester Estate has a licence to abstract water from a spring on the headwaters of the Dorset Frome chalk stream

    Ilchester Estate, located in Dorset, has a licence to abstract water from a spring on the headwaters of the chalk stream Dorset Frome at Evershot. The water is used to supply houses, offices, gardens and farms that go to make up the Ilchester Estate. The current annual charge invoiced by the Environment Agency under its charges scheme for the abstraction licence is £120. The estate then sets its own charges for supplying the abstracted water to businesses and residents on the estate.  

    Enough excess water to fill 3 Olympic swimming pools taken

    The licence allows the estate to abstract up to 66.6 cubic metres of water a day, but following an investigation by the Environment Agency, it was found that between December 2022 and July 2023 the authorised licence limit had been exceeded by a total of nearly 7,500 cubic metres – around three Olympic size swimming pools worth of water. Between December 2022 and January 2023 Wessex was officially in a drought.   

    Now the estate has paid a variable monetary penalty (VMP) of £19,777.69, plus costs of £8,298.60, to the Environment Agency. The penalty came after the agency had previously warned the estate to stop over abstracting water.

    In 2018 the estate was advised by the Environment Agency of how an increase to their permitted abstraction levels could be applied for. Instead, the estate said steps would be taken to reduce the amount of water being taken, but amounts abstracted continued to be above the permitted level each year through to 2023.  

    Conditions ‘flouted’ during drought

    Carolyn Lane, senior environment officer for the Environment Agency, said:

    Chalk streams are stunningly beautiful, but ecologically sensitive, watercourses. Where companies or individuals hold licences to take water from them, they cannot ignore the conditions attached and take as much water as they like. 

    In this case, the Ilchester Estate not only deliberately flouted the conditions, they did so during a drought, when it is likely that damage will have been done to the river and the surrounding environment it supports.

    The headwater reaches of the Dorset Frome have been endorsed as a Flagship Chalk Stream catchment by Wessex Water. It is one of only 200 chalk streams in the world, of which 85 per cent are in the UK. The streams contain mineral-rich pure water and are havens for wildlife. 

    Background

    To operate other than in accordance with a licence is an offence; Ilchester Estates has committed a relevant offence; namely breach of s.24 Water Resources Act 1991. 

    Variable Monetary Penalties (VMPs) are a civil sanction, brought in under the provisions of the Regulatory Enforcement and Sanctions Act 2008 and Environmental Civil Sanctions (England) Order 2010. 

    The Environment Agency may use a VMP when there is evidence of negligence or mismanagement; when there is an environmental impact; to remove an identifiable financial gain or saving as a result of the breach; or where prosecution is not necessary or can be avoided to get the most appropriate outcome, in accordance with our Enforcement and Sanctions Policy. 

    VMPs were initially capped at £250,000 for each offence, but the cap was removed for offences committed on or after 1 December 2023.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Samaraneftegaz has replenished its oil reserves by 180%

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Samaraneftegaz (part of the Rosneft oil production complex) increased its industrial grade oil reserves by 19 million tons by the end of 2024, which made it possible to replenish oil production by 1.8 times.

    Such indicators were achieved due to the successful application of new engineering and technological solutions in geological exploration. At the fields developed for a long time, 12 new deposits were discovered with an increase in reserves in the categories АВ1С1 В2С2 in the amount of 2.3 million tons.

    In 2024, Samaraneftegaz geologists built five exploration wells, during testing of which industrial oil flows with flow rates of up to 80 m3/day were obtained.

    Work on reprocessing and reinterpretation of seismic exploration data was carried out at the Zimarny, Nikolsko-Spiridonovskiy, Festivalny, Novo-Krutyakovskiy and Teleginskiy license areas. Based on their results, a detailed geological model was obtained, which allows specifying the drilling points of exploration and appraisal wells, reducing geological risks when drilling deep wells in the study area.

    Currently, Samaraneftegaz is working on 132 fields. Their development is carried out using, among other things, horizontal and directional wells, which allow increasing flow rates and oil recovery factors.

    Replenishment of reserves and their consistent introduction into development is one of the key elements of Rosneft’s strategy. Samaraneftegaz is conducting targeted work to increase the mineral resource base. One of the areas is revaluation of reserves taking into account the introduction of new technologies, clarification of the geological structure of deposits, additional exploration of poorly studied areas and development of methods for commissioning new deposits.

    Samaraneftegaz participates in auctions for the right to use subsoil. The work done has allowed the company to increase its reserves by 119 million tons of oil over the past five years.

    Reference:

    JSC Samaraneftegaz, a subsidiary of NK Rosneft, carries out production activities in the Samara and Orenburg regions. Cumulative production since the beginning of development in 1936 exceeds 1.3 billion tons of oil and more than 87 billion m3 of gas.

    Department of Information and Advertising of PJSC NK Rosneft February 10, 2025

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

    MIL OSI Russia News –

  • MIL-OSI: Move Digital Leads AI Revolution in 2025, Expands High-Level Consulting for Family Offices Worldwide

    Source: GlobeNewswire (MIL-OSI)

    MAHE, SEYCHELLES, Feb. 10, 2025 (GLOBE NEWSWIRE) — Move Digital, under the leadership of CEO Kristof Schöffling, is setting a groundbreaking trajectory for 2025, transitioning from an AI-first company to a premier consulting powerhouse for major family offices across Monaco, Tokyo, Hong Kong, Sydney, Bangkok, and other global financial hubs. This strategic shift positions Move Digital as the go-to advisor for high-net-worth individuals and influential organizations seeking cutting-edge AI solutions and investment exposure.

    AI-Powered Transformation Meets Elite Advisory Services

    Move Digital has long been at the forefront of technological innovation, pioneering AI-driven applications that enhance efficiency, accessibility, and user experience. Now, as the AI revolution accelerates, the company is expanding its impact beyond software—providing strategic counsel to family offices, corporations, and private investors looking to harness AI for competitive advantage.

    Schöffling’s approach is clear: AI is not just a trend; it is an economic force that, when applied correctly, redefines industries. Move Digital is uniquely positioned to advise on AI’s integration into business operations, offering solutions that improve efficiency, optimize workflows, and create long-term value.

    “Artificial intelligence is no longer a niche for tech firms—it’s a transformative asset for global investors and enterprises. Move Digital is committed to bridging the gap between AI innovation and strategic investment, ensuring that businesses and high-net-worth individuals worldwide gain real exposure to its potential,” Schöffling stated.

    Monaco: A Hub for AI Innovation and Strategic Investment

    A major focus of Move Digital’s consulting division is Monaco—a global center for wealth management and economic innovation. The firm collaborates closely with leading family offices in the principality, guiding them on AI adoption, investment strategies, and the integration of smart AI solutions into corporate infrastructures.

    Through direct engagements with high-net-worth individuals and wealth managers, Move Digital provides tailored insights into the evolving AI landscape, helping stakeholders identify lucrative opportunities and future-proof their portfolios.

    Beyond Monaco, the firm’s advisory reach extends across Tokyo, Hong Kong, Sydney, Bangkok, and other financial capitals, ensuring its clients stay ahead in the rapidly advancing AI ecosystem. Move Digital’s expertise spans AI-powered automation, investment allocation strategies, and enterprise-level AI deployments, enabling organizations to leverage intelligent systems for maximum efficiency.

    Expanding AI’s Role in Global Business and Investment

    Move Digital’s shift into high-end consulting aligns with the increasing demand for AI-focused expertise among family offices, institutional investors, and multinational corporations. The firm’s deep understanding of both AI development and its real-world applications allows it to offer exclusive insights into AI-driven wealth strategies, operational efficiencies, and next-gen technology adoption.

    As businesses and investors seek to navigate the complex AI landscape, Move Digital stands as a trusted partner—delivering tailored solutions that transform industries and secure long-term technological and financial advantages.

    About Kristof Schöffling

    Kristof Schöffling is a serial entrepreneur with over a decade of experience in emerging technologies. His leadership at Move Digital has established the company as a premier force in AI innovation and high-end consulting, helping businesses and investors capitalize on the future of artificial intelligence.

    About Move Digital

    Move Digital Limited is a global technology and consulting firm specializing in AI applications, strategic AI investment advisory, and smart AI solutions for enterprise efficiency. With operations spanning Monaco, Tokyo, Hong Kong, Sydney, Bangkok, and other major financial hubs, the company empowers family offices, high-net-worth individuals, and corporations to integrate AI for maximum impact.

    Media Contact

    Brand: Move Digital Limited

    Contact: Kristof Schöffling

    Email: hello@movedigital.io

    Website: https://movedigital.com

    The MIL Network –

  • MIL-OSI United Kingdom: Leeds Apprenticeship Recruitment Fair returns to first direct arena Leeds

    Source: City of Leeds

    The Leeds Apprenticeship Recruitment Fair takes place this week, showcasing a range of paid employment and educational opportunities from across Leeds and the wider region.

    Everyone is welcome at the free-to-attend event, organised by Leeds City Council, which is being held at the first direct arena Leeds, between 1-7pm on Wednesday, 12th February 2025.

    On the day, over 100 exhibitors will be providing information, advice, and live apprenticeship vacancies. 

    Visitors can find out about the different types of apprenticeships on offer, what they involve, and how they work, including higher and degree apprenticeships.   

    A wide range of sectors will be represented at the fair, including accounting, business and administration, catering and hospitality, construction, creative design, care services, digital, education, engineering, finance, hair and beauty, health, law, protective services and many more.

    Deputy leader and executive member for economy, transport and sustainable development, Councillor Jonathan Pryor, said: “Apprenticeships offer something for everyone, from hands-on learning to degree-level qualifications, providing a fantastic route into a wide range of careers. 

    “Over the years, this fair has aided the journey of thousands of people into highly skilled and rewarding jobs. As the fastest-growing city in England, we continue to attract more quality employers each year, which is reflected in the range of apprenticeship opportunities to be showcased at this year’s fair. 

    “I would recommend anyone considering an apprenticeship to attend and find out more about opportunities in Leeds.”

    Exhibitors who will be there on the day to showcase their apprenticeship opportunities include Springfield Training, Leeds Manufacturing Festival, Jet2, Appris, Bank of England, CML, Royal Navy, KPMG, The Coders Guild, JCT 600, plus many more.  

    The event is free to attend, and everyone is welcome. Tickets are available to book online in advance at: https://bit.ly/larf25

    MIL OSI United Kingdom –

  • MIL-OSI Russia: The sphere of intellectual property was discussed at the Polytechnic University

    Translartion. Region: Russians Fedetion –

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

    An interregional conference entitled “Development of the intellectual property sphere in the regions of the Russian Federation” was held at Peter the Great St. Petersburg Polytechnic University.

    The co-hosts of the round table were the Chairperson of the Board of the Intellectual Property Development Fund, Patent Attorney of the Russian Federation Natalia Petrova and the Head of the Regional Department of the Association of Innovative Regions of Russia (AIRR) Dmitry Mitroshin. In their welcoming speech, they emphasized the importance of the event, which brought together representatives of various services and departments from several regions of Russia. Natalia Borisovna noted that intellectual property is important for the development of the country and the implementation of national projects that require new technologies.

    On behalf of SPbPU, the participants were greeted by Vladimir Glukhov, Advisor to the Rectorate, who emphasized the need to improve intellectual property management and solve problems with copyright protection.

    The head of the Center for Strategic Communications of the Federal Institute of Industrial Property (FIPS) Darya Shipitsyna spoke about the current situation in the sphere of intellectual property. She emphasized that the government of the country is taking measures to protect intellectual property and support companies implementing innovations. The Ministry of Finance of the Russian Federation has developed a package of preferences, which includes 17 benefits for high-tech enterprises participating in the development of technologies: from the provision of loans to grant support.

    Anna Aleksandrova, head of the FIPS analytical center, spoke online and told how to set up intellectual property management processes for regional development purposes. Leading researcher Marina Ivanova presented tactics and strategy for intellectual property management in the regions.

    Representatives of leading universities from Moscow, Kazan, Mordovia, Yakutia, Tyumen, Kaluga, and Samara also shared their opinions.

    Director of the SPbPU Center for Intellectual Property and Technology Transfer Ismail Kadiev presented the experience of the Polytechnic University, on the basis of which the Center for Technology and Innovation Support was created ten years ago. He said that the Polytechnic has created all the necessary infrastructure to support the activities of inventors, and provides assistance in preparing applications and preparing documents for obtaining patents. The SPbPU TISC ranks first among similar centers in the Russian Federation.

    The round table was organized by the Intellectual Property Development Fund, the Association of Innovative Regions of Russia (AIRR), SPbPU, the Center for Scientific and Technical Information of the Republic of Tatarstan, the Commission for the Implementation of Effective Mechanisms for Regulating Intellectual Property in the Subjects of the Russian Federation of the Public Council under the Federal Service for Intellectual Property, and the St. Petersburg Regional Office of Delovaya Rossiya.

    As part of the round table at the Boiling Point — Polytech, a strategic session entitled “The Image of the Future Intellectual Property Market in the Regions of the Russian Federation” was also held. Participants in the “Universities and Research Institutes” block presented best practices and proposed increasing the number of technology brokers in universities and research institutes, using local regulations of leading universities, replicating the experience of creating intellectual property and technology transfer centers, applying an IT system for intellectual property management, and developing agreements with state corporations and on company orders.

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

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Spaghetti Government

    Source: ACT Party

    The Haps

    The country turned 185 on Thursday, but not everyone wanted to celebrate and debate. David Seymour’s address is here. They turned their backs and took his microphone, but nobody actually tried to argue that division based on ancestry is better than liberal democracy.

    Spaghetti Government

    Just over a year ago the New Zealand Initiative, a think tank, released a short and brilliant report on Government in New Zealand. Cabinet Congestion: The Growth of a ministerial maze.

    The gist of the report is that our Government has far more Ministers, and far more portfolios, than similar-sized countries. For example the Government of Ireland has fifteen ministers with eighteen portfolios and eighteen departments.

    Once upon a time New Zealand was roughly like that. Cabinet had sixteen ministers who all attended the main Cabinet meeting. Each Minister had one or two departments they were responsible for, and that was also their portfolio. For example, if you were the Minister of Police, you were responsible for Police, Police was your portfolio, and you were the only Minister of Police.

    Then came the MMP and the Government required multiple parties. It meant the Bolger Government needed to share power, but wouldn’t. Instead, Ministerial power was diluted with a little water in the wine.

    National negotiated the position of ‘Treasurer’ for Winston Peters, because they couldn’t imagine giving up Finance. The idea of a Minister outside Cabinet was also born, meaning Ministers who don’t attend the main Cabinet meeting. Four of these new Ministers meant 20 in total.

    Not to be outdone, Helen Clark formed an even bigger Government three years later. Cabinet expanded to 20 Ministers, and Ministers outside cabinet doubled to eight. Then there were 28.

    Not much has changed since then, except for an eruption of portfolios and departments. We now have a Ministry for Pacific Peoples, and a Ministry for Ethnic Affairs. Then there are portfolios without a specific department, including Racing, Mental Health, Auckland, the South Island, to name a few of the 78 Portfolios that now exist.

    There are other complications. For example needing to pick nearly 30 Ministers from a Government majority of just over 60 MPs affects quality. It means nearly half of MPs are Ministers when their ‘side’ is in Government. There’s been more than a few in recent years who wouldn’t have got a job like being a Minister otherwise.

    Most Ministers have multiple portfolios, around three to four on average. They’ll be less effective at, say, improving foreign relations if they’re also responsible for local government (Nanaia Mahuta was terrible at both). They’ll be less effective because they can’t specialise, but also because a specialist is less likely to be appointed in the first place.

    On the other hand, many departments have multiple ministers. There are three in Education, but that’s nothing compared with the 18 that MBIE is responsible to. Who is in charge?

    As the Initiative report argues, confusion empowers the bureaucracy. They can face multiple Ministers who themselves have many other jobs, often in totally unrelated areas. This makes it extremely difficult to shrink Government, or get much done at all.

    Some will criticise ACT for creating the Minister for Regulation. The Party would respond that restricting how other people can use their property is the most important government power to restrain besides taxing and spending. The latter has the Minister of Finance and Treasury, but who restrains regulation?

    ACT is now at the centre of government for the first time, and sits at the table that’s been set over the last thirty years of MMP. If the Party was charged with setting the table, there would be fewer placemats.

    How would we do it again? Any future Government should stick to three rules when it’s being set up.

    1. Every Minister sits in Cabinet so they’re part of every discussion.
    2. Every Minister has a department, so there are no portfolios that don’t involve managing a department.
    3. No Department has more than one Minister, so every public servant knows who they’re accountable to.

    This would mean getting rid of about half the portfolios and eight Ministers. It would go a long way to improving government efficiency and allow the government to get a lot more done much faster with much less ‘resource.’

    MIL OSI New Zealand News –

  • MIL-OSI Europe: VATICAN – Pope Francis: Jesus puts encounter first in his mission

    Source: Agenzia Fides – MIL OSI

    Sunday, 9 February 2025

    Vatican Media

    Vatican City (Agenzia Fides) – “Jesus is not concerned with showing off to the crowds, with doing a job, with following a timetable in carrying out his mission. On the contrary, he always makes it his priority to encounter others, to relate to them, and to sympathize with the struggles and setbacks that often burden hearts and take away hope”.With these words, Pope Francis presided this morning in St. Peter’s Square over a solemn Eucharistic concelebration, which marked the conclusion of the Jubilee events dedicated to the Armed Forces and Police.The Pontiff did not read the full text of the homily: “Excuse me, I will now ask the Master [of Liturgical Celebrations] to continue reading due to my difficulty in breathing”, he said after reading the first part of the text and adding a few spontaneous words. Last Thursday, the Holy See Press Office announced in a statement that the Pope was suffering from bronchitis, which is why the weekend audiences were held at the Casa Santa Marta.Archbishop Diego Ravelli, Master of Pontifical Liturgical Celebrations, then continued reading the text. In his reflection, the Pope highlighted three key words, taken from the passage of the Gospel according to Luke proclaimed in the liturgy of the day, which tells of the call of the first Apostles: “he saw”, “he went aboard ” and “he sat down”. Christ – the papal homily stressed – “looks with compassion at the expressions of those men, sensing their discouragement and frustration after having worked all night and caught nothing, their hearts as empty as the nets they haul”. But Jesus “does not simply stand by and watch as things go wrong, as we often do, and then complain bitterly. Rather, taking the initiative, he approaches Simon, spends time with him at that difficult moment and chooses to board the boat of his life, which that night had seemed fraught with failure”.Jesus “boards the boat in order to proclaim the good news, to tell of the beauty of God even amid the struggles of life, and to reaffirm that hope endures even when all seems lost.Then the miracle happens: when the Lord gets into the boat of our lives to bring us the good news of God’s love that constantly accompanies and sustains us, then life begins anew, hope is reborn, enthusiasm revives, and we can once again cast our nets into the sea”.In his homily, read by Archbishop Ravelli, the Bishop of Rome also expressed his gratitude to “all the military” who daily carry out their service to protect security and justice: “We are grateful for what you do, at times at great personal risk”.At the end of the celebration, in the words pronounced before the Angelus, in front of the multitude of women and men in uniform gathered in St. Peter’s Square, Pope Francis renewed his appeal for peace, citing the conciliar constitution Gaudium et Spes: “This armed service is to be exercised only for legitimate defence, never to impose dominion over other nations, always observing the international conventions on matters of conflict, and before that, in sacred respect for life and creation”. The Pontiff also recalled the conflicts that continue to tear peoples and nations apart: “Let us pray for peace, in tormented Ukraine, in Palestine, in Israel and throughout the Middle East, in Myanmar, in Kivu, and in Sudan. Let arms be silent everywhere, and let the cry of the peoples, who are asking for peace, be heard!” (F. B.) (Agenzia Fides, 9/2/2025)
    Share:

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: SLC announces new Darlington apprenticeships during National Apprenticeship Week

    Source: United Kingdom – Executive Government & Departments

    SLC is recruiting 12 new Student Finance Officer apprentices in Darlington

    To mark National Apprenticeship Week (10-16 February), the Student Loans Company (SLC) has announced it is recruiting 12 new apprentices in Darlington.

    Applications for the Student Finance Officer (SFO) Apprenticeships are now open, and successful candidates will join the organisation’s Customer Operations team in July.

    SLC supports students across the UK to invest in their futures and unlock their potential by administering loans and grants to students in universities and colleges across the UK. The new SFO apprentices will be at the heart of this operation, supporting customers through their student finance journeys and helping to process around 1.5million applications each year.

    The 18-month programme is being delivered in conjunction with Darlington College and apprentices will work towards will work towards apprenticeship certificates in L3 Business Administrator.

    Jackie Currie, Executive Director of Customer Operations at SLC said: “It’s fantastic to be launching our latest apprentice search during National Apprenticeship Week. The theme for the week is ‘Skills for Life’ and I’m proud of the role that SLC plays in developing the talent of the future, through our apprenticeship programmes.  

    “I’m looking forward to welcoming our new apprentices to the Customer Operations Team this summer and would urge people across the North East to apply. It’s a fantastic opportunity to work and gain experience within a large public sector organisation and achieve a recognised qualification at the same time.”

    SLC currently has 29 apprentices working across all areas of the organisation, with many former apprentices continuing to progress their careers with SLC after completing their qualification.

    Thomas Goodliffe (21) joined SLC as an SFO Apprentice in 2023. He completed his Level 3 Business Administration qualification with distinction and was named Darlington College’s Apprentice of the Year award in 2024. He now has a permanent SFO position.

    He said: “I would strongly recommend SLC’s apprenticeship programme, particularly if you are just starting out and want to work and study at the same time. I received fantastic support from SLC and Darlington College, which helped me to make the most of my experience.

    “The skills that I have gained, both at work and through my studies, have given me a great start to my career and there are so many opportunities at SLC which will allow me to keep learning and developing. I’m already planning my next career steps and feel excited about what the future holds.”

    For more information and to apply, please visit https://www.civil-service-careers.gov.uk/student-loans-company-hub/.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Share buyback programme – week 6

    Source: GlobeNewswire (MIL-OSI)

    Nasdaq Copenhagen
    London Stock Exchange
    Euronext Dublin
    Danish Financial Supervisory Authority
    Other stakeholders

    Date        10 February 2025

    Share buyback programme – week 6

    The share buyback programme runs in the period 28 January 2025 up to and including 28 May 2025 provided that the forthcoming annual general meeting, to be held on 5 March 2025, gives the board a new authority to permit the bank to acquire its own shares.

    During the period the bank will thus buy back its own shares for a total of up to DKK 500 million under the programme, but to a maximum of 800,000 shares.

    The programme is implemented in compliance with EU Commission Regulation No. 596/2014 of 16 April 2014 and EU Commission Delegated Regulation No. 2016/1052 of 8 March 2016, which together constitute the “Safe Harbour” regulation.

    The following transactions have been made under the programme:

    Date Number of shares Average purchase price (DKK) Total purchased under the programme (DKK)
    Total in accordance with the last announcement

    21,700

    		 1,185.80

    25,731,936
    3 February 2025 5,700 1,165.00 6,640,500
    4 February 2025 6,000 1,165.27 6,991,620
    5 February 2025 6,200 1,121.40 6,952,680
    6 February 2025 6,800 1,113.41 7,571,188
    7 February 2025 6,800 1,128.97 7,676,996
    Total under the share buyback programme 53,200 1,157.24 61,564,920

    With the transactions stated above, Ringkjøbing Landbobank now owns the following numbers of own shares, excluding the bank’s trading portfolio and investments made on behalf of customers:

    • 1,368,242 shares under the completed and present share buyback programme(-s) corresponding to 5.1 % of the company’s share capital.

    In accordance with the above regulation etc., the transactions related to the share buyback programme on the stated reporting days are attached to this corporate announcement in detailed form.

    Yours sincerely,

    Ringkjøbing Landbobank

    John Fisker
    CEO

    Detailed summary of the transactions on the above reporting days

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    19 1166 XCSE 20250203 9:00:12.633000
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    The MIL Network –

  • MIL-OSI Europe: #iubilaeum2025 – Holy Mass on the occasion of the Jubilee of the Armed Forces, Police and Security Forces

    Source: The Holy See

    #iubilaeum2025 – Holy Mass on the occasion of the Jubilee of the Armed Forces, Police and Security Forces, 10.02.2025
    At 10.30 this morning, Fifth Sunday of Ordinary Time, on the occasion of the Jubilee of the Armed Forces, Police and Security Forces, the Holy Father presided over Holy Mass in Saint Peter’s Square.
    The following is the homily begun by Pope Francis and then read by Archbishop Diego Ravelli, master of Pontifical Liturgical Celebrations:

    Homily of the Holy Father
    Jesus’ actions at the Lake of Gennesaret are described by the Evangelist with three verbs: he saw, he went aboard and he sat down. Jesus saw, Jesus went aboard and Jesus sat down. Jesus is not concerned with showing off to the crowds, with doing a job, with following a timetable in carrying out his mission. On the contrary, he always makes it his priority to encounter others, to relate to them, and to sympathize with the struggles and setbacks that often burden hearts and take away hope.
    That is why Jesus, on that day, saw, went aboard and sat down.
    First, Jesus saw. He has a discerning gaze that, even amid the great crowd, makes him able to spot two boats approaching the shore and to see the disappointment on the faces of those fishermen, now washing their empty nets after a night of fruitless labour. Jesus looks with compassion at those men. Let us never forget this: the compassion of God. God’s three attitudes are closeness, compassion and tenderness. Let us not forget: God is near, God is tender and God is always compassionate. Jesus looks with compassion at the expressions of those men, sensing their discouragement and frustration after having worked all night and caught nothing, their hearts as empty as the nets they haul.
    Excuse me, I will now ask the Master [of Liturgical Celebrations] to continue reading due to my difficulty in breathing.
    Seeing their discouragement, Jesus went aboard. He asks Simon to put out a little way from the shore and he climbs aboard the boat. In this way, he enters into Simon’s life and shares in his sense of disappointment and futility. This is significant: Jesus does not simply stand by and watch as things go wrong, as we often do, and then complain bitterly. Rather, taking the initiative, he approaches Simon, spends time with him at that difficult moment and chooses to board the boat of his life, which that night had seemed fraught with failure.
    Then, once aboard, Jesus sat down. In the Gospels, this is typical of a master, of one who teaches others. Indeed, the Gospel states that Jesus sat down and taught. Glimpsing in those fishers’ eyes and hearts the frustration of a night of fruitless toil, Jesus boards the boat in order to proclaim the good news, to bring light to the dark night of disappointment, to tell of the beauty of God even amid the struggles of life, and to reaffirm that hope endures even when all seems lost.
    Then the miracle happens: when the Lord gets into the boat of our lives to bring us the good news of God’s love that constantly accompanies and sustains us, then life begins anew, hope is reborn, enthusiasm revives, and we can once again cast our nets into the sea.
    Brothers and sisters, this message of hope accompanies us today as we celebrate the Jubilee of the Armed Forces, Police and Security Personnel. I thank all of you for your service, and I greet all the Authorities present, the military associations and academies, and the military Ordinaries and chaplains. All of you have been entrusted with a lofty mission that embraces numerous aspects of social and political life: defending our nations, maintaining security, upholding legality and justice. You are present in penitentiaries and at the forefront of the fight against crime and the various forms of violence that threaten to disrupt the life of society. I think too of all those engaged in relief work in the wake of natural disasters, the safeguarding of the environment, rescue efforts at sea, the protection of the vulnerable and the promotion of peace.
    The Lord also asks you to do as he does: to see, to go aboard and to sit down. To see, because you are called to keep your eyes ever open, alert to threats to the common good, to dangers menacing the lives of your fellow citizens, and to environmental, social and political risks to which we are exposed. To go aboard, because your uniforms, the discipline that has shaped you, the courage that is your hallmark, the oath you have taken — all these are things that remind you of the importance not only of seeing evil in order to report it, but also of boarding the storm-tossed boat and working to ensure that it does not run aground. For that too is part of your mission in the service of the good, freedom, and justice. Then, finally, to sit down, because your presence in our cities and neighbourhoods to uphold law and order, and your taking the part of the defenceless, can serve as a lesson for all of us. They teach us that goodness can prevail over everything. They teach us that justice, fairness and civic responsibility remain as necessary nowadays as ever. They teach us that we can create a more human, just and fraternal world, despite the opposing forces of evil.
    In carrying out your work, which embraces your whole life, you are accompanied by your chaplains, an important priestly presence in your midst. Their job is not — as has at times unfortunately happened in history — to bless perverse acts of war. No. They are in your midst as the presence of Christ, who desires to walk at your side, to offer you a listening and sympathetic ear, to encourage you to set out ever anew and to support you in your daily service. As a source of moral and spiritual support, they accompany you at every step and help you to carry out your mission in the light of the Gospel and in the pursuit of the common good.
    Dear brothers and sisters, we are grateful for what you do, at times at great personal risk. Thank you because by boarding our storm-tossed boats, you offer us protection and encourage us to stay our course. At the same time, I would encourage you never to lose sight of the purpose of your service and all your activity, which is to promote life, to save lives, to be a constant defender of life. And I ask you, please, to be vigilant. Be vigilant against the temptation to cultivate a warlike spirit. Be vigilant not to be taken in by the illusion of power and the roar of arms. Be vigilant lest you be poisoned by propaganda that instils hatred, divides the world into friends to be defended and foes to fight. Instead, be courageous witnesses of the love of God our Father, who wants us all to be brothers and sisters. Together, then, let us set out to be artisans of a new era of peace, justice and fraternity.

    MIL OSI Europe News –

  • MIL-OSI: NFG SA Secures Strategic Institutional Investment From Private Equity Firm, NMS Capital Group

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES and NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — NFG SA (“NFG”), a Swiss private investment firm, today announced it has entered into a binding agreement with Beverly Hills-based NMS Capital Group (“NMS Capital”) for a capital investment aimed at strengthening NFG’s balance sheet and liquidity.

    NFG, with offices in Geneva, London and Los Angeles, is a global investment firm specializing in insurance and reinsurance, financial services, asset management, energy, and real estate. The firm operates extensively across Europe, the USA, the Caribbean, Africa, and the Asia Pacific region.

    NMS Capital, a family office-backed private equity and venture capital firm based in Beverly Hills, California, was established in 2010 as the dedicated investment vehicle for the Saliba Family Office. Since its inception, NMS Capital has expanded its investment portfolio and evolved into a leading private equity firm. It has consistently ranked among the top firms in Los Angeles, most recently placing #17 on the Los Angeles Business Journal’s 2024 list.

    NMS Capital’s latest investment in NFG builds on a series of prior investments in NFG affiliates, which began in 2021. While specific terms of the new investment remain undisclosed, both parties confirm that the additional capital investment imputes a valuation of NFG at approximately $2.5 billion. The transaction is expected to close before the end of first quarter of 2025, subject to customary board and committee approvals and procedures.

    Keith D. Beekmeyer, Chairman and CEO of NFG, remarked “With this new investment capital from NMS and the Saliba family, NFG has solidified its balance sheet strength, thereby enhancing our capacity to execute strategic objectives and drive long term growth.”

    Trevor M. Saliba, NMS Capital Group Chairman and CEO commented “Over the past three years, as we worked closely with Keith and Andy to refine NMS Capital’s investment strategy – focusing on insurance, energy, infrastructure and real estate – it became evident that channeling our investment into a strategic platform company like NFG was the optimal course of action to strengthen our position in the insurance sector.”

    Saliba further added “The NFG business model has proven to be a “go to” solution for investment capital in the insurance, specialty insurance, and reinsurance sector, achieving stratospheric growth over the past two to three years. This momentum remains strong, as reflected in NFG’s recent and current targeted closed investments and acquisitions, which are projected to significantly enhance NFG’s top-line revenues for 2025 and 2026.”

    About NFG SA
    NFG SA is a global private investment firm specializing in private equity and structured finance investments in companies across the insurance, financial services, energy, infrastructure, and real estate sectors. NFG focuses on transformative business combinations within North America, Europe, Africa, and the Middle East, establishing a strategic international presence. NFG was originally founded by Keith Beekmeyer and Andy Bye in 2017, emerging from the insurance industry to address the financing needs of underbanked companies. The firm quickly expanded its capabilities through key acquisitions, including a dedicated reinsurance company, asset manager and a Lloyd’s insurance brokerage, enhancing its position within the sector. For more information, please visit www.nfgsa.com.

    About NMS Capital Group
    NMS Capital Group was established in 2010 as the dedicated investment vehicle for the Saliba Family Office, which was formed for the benefit of certain decadents of the late billionaire Naseeb M. Saliba whose businesses have generated billions of dollars in revenue since 1941 within the construction, engineering and infrastructure sectors cementing a family legacy in the construction industry dating back to the 1890s. Since its inception, NMS Capital Group has evolved into a global private investment firm, specializing in private equity, venture capital, and structured financing investments having closed transactions in businesses across multiple asset classes ranging from business and financial services, real estate, energy, infrastructure, manufacturing, and technology. In 2024 it ranked number seventeen on the list of the Top Private Equity Firms by the Los Angeles Business Journal. For more information, please visit www.nmscapital.com.

    NFG Media Contact
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: JLT Mobile Computers wins major order worth SEK 22M to leading American company in the food production industry

    Source: GlobeNewswire (MIL-OSI)

    Växjö, Sweden, January 10 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers for demanding environments, today announces that its American subsidiary has won an order for a leading food producer in the US. The order includes JLT’s logistics computers JLT1214N at a total value of SEK 22M, plus 1-year service level agreements. The units are scheduled for delivery during the first half of this year.

    The company has been a JLT customer for many years. The reliability, dependability and performance of the JLT1214N computers have been consistently demonstrated over long periods of time. Their renewed choice of JLT for their rugged computer solution is a testament to their trust in the high-quality products and service from JLT.

    To learn more about JLT Mobile Computers and the company’s products, services and solutions, visit jltmobile.com. Additional financial information is available online on JLT’s investor pages.

    This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below at 09:30 pm CET on Monday, January 10, 2025.

    About JLT Mobile Computers

    JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at jltmobile.com.

    The MIL Network –

  • MIL-OSI: Lumissil Microsystems Introduces 24xn (n=2~12) Configurable Matrix LED Driver for Consumer IoT and Gaming Applications

    Source: GlobeNewswire (MIL-OSI)

    MILPITAS, Calif., Feb. 10, 2025 (GLOBE NEWSWIRE) — Lumissil Microsystems introduces the latest addition to the IS31FL376x family, the IS31FL3762, a configurable 24×n (n=2~12) matrix LED driver designed to support up to 288 LEDs. Targeting IoT applications that require a visible color indicator or an alphanumeric LED display, this device addresses the unique technical challenges in high-resolution lighting applications.

    Advanced PWM Control for Precise Color Rendering
    The IS31FL3762 integrates advanced 12-bit PWM control, enabling smooth and precise dimming across individual LEDs. This feature, complemented by an adjustable PWM frequency up to 312 kHz, eliminates visual artifacts such as flickering, which is critical for gaming applications. By supporting multiple configurations, including 6+2-bit and 8+4-bit PWM dithering modes; an advanced PWM modulation technique designed to achieve higher resolution and increased switching frequency while operating at lower clock speeds, thereby preserving the remaining clock cycles for other processing tasks. This approach provides designers with the flexibility to configure conditions for various lighting scenarios.

    Improved LED Matrix Operation
    To enhance display clarity and ensure optimal power distribution, the IS31FL3762 employs built-in de-ghosting circuitry. This prevents undesired light emissions from inactive LEDs in the matrix, a common challenge in high-density LED arrays. Additionally, the device offers open and short detection for individual LEDs, which is necessary for maintenance and ensuring the long-term reliability of complex designs.

    Power Optimization and Configurability
    Operating within a wide supply voltage range (2.7V to 5.5V) and featuring an ultra-low typical quiescent current, the IS31FL3762 minimizes energy consumption without compromising performance. Additionally, the driver offers both Hardware and Software shutdown modes, allowing the outputs to be turned off either by pulling the SDB pin low or sending a command from the MCU to the Software Shutdown register. The driver’s current sinks are individually programmable with 8-bit resolution and include up to 12-bit configurable PWM generators to enable smooth digital dimming. Turning the LEDs ON/OFF with a varying duty cycle provides the capability for dimming and blending RGB LED colors. During operation, these PWM generators can produce electromagnetic interference (EMI) and audible noise. To address this, the IS31FL3762 incorporates spread spectrum and group phase shifting to reduce EMI, audible noise, and power supply ripple, enabling precise brightness control across the matrix. This makes the device ideal for display applications where local dimming is needed for achieving high contrast ratios.

    “Lumissil has set the standard as the go-to supplier of matrix LED drivers for the gaming and consumer electronic markets,” said Ven Shan, VP of Lumissil Marketing. “Our expertise in these markets enables us to design Matrix LED drivers that not only deliver spectacular colors, but also pack in the features that our customers rely on, for this reason we designed-in with built-in noise reduction, ultra-low operating current, enhanced matrix de-ghosting, and the flexibility to choose between SPI and I2C interfaces, these drivers are designed to exceed expectations.

    Communication Interfaces
    The I2C bus interface has long been the standard for LED drivers, and the IS31FL3762 device takes it a step further by supporting the Fast mode Plus (FM+) specification for 1MHz operation. To achieve this speed, the bus drivers are optimized to handle faster rise and fall times. For even higher speeds, the SPI bus is also supported, offering up to 12MHz operation, full-duplex communication, and, in some cases, better performance over longer distances. The IS31FL3762 is designed to easily switch between I2C and SPI bus operation, giving designers the flexibility to choose the best option for their application.

    Availability and Pricing
    The IS31FL3762 is now available for production in a small QFN-48 package. Pricing starts at $1.17 per unit for orders of 1,000 pieces. For further information, please visit Lumissil Microsystems or contact our sales team.

    About Lumissil Microsystems
    Lumissil Microsystems specializing in analog/mixed-signal products for automotive, communications, industrial, and consumer markets. Lumissil’s primary products are LED drivers for low to mid-power RGB color mixing and high-power lighting applications. Other products include audio, sensors, high-speed wire communications, optical networking, and application specific microcontrollers. Lumissil Microsystems has worldwide offices in the US, Taiwan, Japan, Singapore, mainland China, Europe, Hong Kong, India, and Korea. Website: https://www.lumissil.com

    Ven Shan
    P: 408-969-4622
    vshan@lumissil.com

    Aaron Reynoso
    P: 408-969-5141
    areynoso@lumissil.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c12032da-7dd3-4d9c-b99f-75d000e18e93

    The MIL Network –

  • MIL-OSI: Intchains Group Limited to Report Unaudited Fourth Quarter and Full Year 2024 Financial Results on Friday, February 27, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, Feb. 10, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a provider of integrated solutions consisting of efficient mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications, today announced it will release its unaudited financial results for the fourth quarter and full year of 2024 ended December 31, 2024.

    Conference Call Information

    The Company’s management team will host an earnings conference call to discuss its financial results at 8:00 PM U.S. Eastern Time on February 27, 2025 (9:00 AM Beijing Time on February 28, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of dial-in numbers and a personal access PIN, which will be used to join the conference call.

    Additionally, a live and archived webcast of the conference call will also be available at the Company’s website at https://intchains.com/.

    About Intchains Group Limited

    Intchains Group Limited is an innovative altcoins development company that primarily focuses on providing integrated solutions consisting of mining products for altcoins, and on acquiring and holding ETH-based cryptocurrencies as its long-term asset reserve to support its Web3 industry development initiatives including actively developing Web3-based applications. For more information, please visit the Company’s website at: https://intchains.com/.

    For investor and media inquiries, please contact:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    Redhill

    Belinda Chan
    Tel: +852-9379-3045
    Email: belinda.chan@creativegp.com

    The MIL Network –

  • MIL-OSI: LEAP 2025 Opens with Announcement of Record-breaking US$14.9 Billion Investment in Artificial Intelligence

    Source: GlobeNewswire (MIL-OSI)

    • World’s premier tech accelerator event smashes own record, revealing investment deals and infrastructure partnerships by domestic and international heavyweights

    RIYADH, Kingdom of Saudi Arabia, Feb. 10, 2025 (GLOBE NEWSWIRE) — LEAP 2025, Saudi Arabia’s award-winning global tech event, announced a record-breaking US$14.9 billion in new Artificial Intelligence (AI) investments that further cement the Kingdom’s status as a world-leading AI hub.

    Revealed on the opening day of this year’s four-day event, which is being held at the Riyadh International Exhibition and Convention Centre in Malham, the new announcements increase the total amount of technology-related infrastructure investments in Saudi Arabia to more than US$42.4bn since LEAP debuted in 2022.

    The new investments in the Kingdom included an announcement between Groq and Aramco Digital confirming a US$1.5bn plan to expand AI-powered inference infrastructure and cloud computing; ALAT and Lenovo committing US$2bn to establish an advanced manufacturing and technology centre integrating AI and robotics; Google introducing new AI-driven digital infrastructure and the launch of a powerful computing cluster to meet regional and global demand; Qualcomm confirming the availability of its ALLAM language model on Qualcomm AI Cloud; and Alibaba Cloud launching the AI Enablement Programme comprising collaborations with Tuwaiq Academy and STC Academy to train national talent.

    Other announcements included Databricks investing US$300 million in integrated PaaS (Platform as a Service) solutions to empower application developers with cutting-edge AI tools; SambaNova committing US$140m to build advanced AI infrastructure; Global private equity firm KKR, in partnership with Gulf Data Hub, revealing a strategic investment in the development of data centres with a total capacity of up to 300 megawatts; Saudi Arabia’s Salesforce investing US$500m to develop Hyperforce and enhance cloud capabilities for regional customers; and Tencent Cloud allocating US$150m to establish the Middle East’s first AI-powered cloud region.

    Delivering a keynote address to formally open LEAP 2025, His Excellency Eng Abdullah Alswaha, the Saudi Minister of Communications and Information Technology (MCIT), insisted the new wave of investments brings one step closer His Royal Highness Crown Prince Mohammed bin Salman’s vision of the Kingdom’s tech sector becoming a global beacon for innovation and advancement.

    “LEAP 2025 is a defining moment because when the Kingdom works, the region works, and the whole world works,” said Alswaha. “LEAP has evolved from a movement to a multiplier effect – but now is our defining moment. Technology has catalysed Saudi Arabia as the biggest success story in youth and female empowerment in the 21st Century, and we are laser-focused on continuing that success story. The intelligence age is here and, in partnership with you, we are going to take that leap together.”

    Michael Champion, CEO of Tahaluf, which co-organises LEAP with the Saudi Ministry for Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), added: “The massive volume of new investments announced on day one builds on the progress made at LEAP and across the Kingdom in previous years, reaffirming Saudi Arabia’s undisputed status as the primary digital accelerator in the Middle East and North Africa.”

    IBM’s Arvind Kirshna Predicts Quantum Computing Breakthrough now only “Three to Five Years Away”

    Eleven months after announcing IBM’s plans to invest US$250 million into a global software development centre in the Kingdom, Arvind Krishna, Chairman & CEO of IBM, joined HE Alswaha on the LEAP Main Stage to discuss his experiences identifying “early signals” to stay ahead of emerging industry trends.

    The trend that dominated the duo’s conversation was quantum computing – a type of computing that uses the principles of quantum mechanics to solve problems that would take classical computers millions of years to complete – with Kirishna adamant the technology is getting ever closer.

    “A breakthrough I think is only about three-to-five years in the future is quantum computing – I think we will see something amazing,” said Krishna. “We’re very excited to already be working on it with some partners in the Kingdom, but I believe quantum computing will open up areas that, for the Kingdom, will be very exciting. It will all be about materials, energy, oil and gas, possibly pharmaceuticals – all areas that are critical to the Kingdom and very much part of Vision 2030.”

    From Virtual Boxing to Futuristic Couture, Inaugural Tech Arena Opens Window to the Future

    LEAP’s newly-added Tech Arena kicked off with a series of future-focused, interactive sessions highlighting some of the latest technological advancements shaping the technology of tomorrow.
    With groundbreaking prototypes in robotics, AI, fashion tech, and mixed reality all being explored, live demonstrations were conducted by global tech influencers alongside BBC Click presenters Lara Lewington and Spencer Kelly.

    US-based Engine VR showcased Golden Gloves VR, a platform that uses virtual reality technology to provide an immersive, gamified boxing experience for fitness enthusiasts, professional athletes, and entertainment seekers.

    With professional boxer David Perez delivering a live demonstration to watching crowds, Aaron Sloan, the platform’s Founder, said: “ I used to work as a cardiac nurse, but the only two things I ever really cared about were boxing and technology. So, I quit my nursing job and opened up my own boxing gym; it burned down within a month. It made me realise that building a business in a brick-and-mortar facility was going to be really hard. It just so happened that, around this time, the Quest One headset came out. Not only was it powerful, it was also wireless, which is so crucial for our system to work,” said Sloan.

    “In order for us to get the traction we needed, we had to replicate as best we could what trainers and boxers were doing in the gym. After a number of different variations, we now have a platform that is being used by sporting bodies across the world, including the Olympics. The system also allows people of determination to take part, making the sport far more inclusive.”

    Elsewhere, TJ Rhodes, the Senior Research Scientist and Engineer on Adobe’s Project Primrose, talked audiences through the Middle East debut of its latest wearable technology. First premiered at Adobe Max in 2023, the Project Primrose dress uses non-emissive textiles and can change the way we merge fashion and technology.

    “It has so many use cases beyond the catwalk; it can be a canvas for new designs or even a low-power billboard that can flash text-based advertisements,” said Rhodes. “It is also a non-emissive material that can be cut to any shape and dynamically diffuses light. Most special effects can only be experienced on the big screen, but what Project Primrose allows us to do is transform it from the big screen to reality. Imagine if Elsa from Frozen was able to transform her dress to match her actions in a live performance. We’re still discovering the possibilities of what this technology can do.”

    More than 1,800 tech brands and 680 start-ups are exhibiting at LEAP 2025 this week, alongside a stellar lineup of 1,000-plus expert speakers across 15 stages, highlighting the tech that is shaping tomorrow.

    For more information on the event and ticket options, visit onegiantleap.com

    About LEAP:

    Saudi Arabia’s desire to shoot for something beyond the realms of the possible presents the ultimate backdrop for LEAP.

    LEAP showcases the Kingdom’s technology ambition on a global stage as it continues to grow as a hub connecting three continents. The figures speak from themselves as LEAP 2024 had an attendance of over 215,000, making it the most attended tech event in the world. LEAP features the inspiring tech of tomorrow across all major sectors including health, finance, energy, education, digital entertainment, transport, smart cities and more. The event is also led by a speaker faculty of globally celebrated technology innovators, focussing on the most innovative tech case studies from around the world.

    LEAP is not like any other tech event, from the ground up the community, stakeholders and project team are challenged every day to do something wildly creative and bold, something that reflects the seismic advances in tech adoption being seen in Saudi Arabia.

    About Tahaluf:

    Headquartered in Riyadh, Tahaluf brings together strategically important commercial communities from the Kingdom of Saudi Arabia, the wider Gulf region, and from around the world to a portfolio of world-class exhibitions and digital platforms.

    Tahaluf is a joint venture partnership between Informa PLC, the world’s largest trade show organiser, the Saudi Federation for Cybersecurity, Programming and Drones (SAFCSP), and Events Investment Fund (EIF). Sela, the Saudi-owned event production company renowned for its creation of spectacular event experiences, intends to join the joint venture in the near future.

    In 2024 Tahaluf was responsible for the award-winning tech events LEAP & DeepFest, as well as 24 Fintech, the Global Health Exhibition, Cityscape Global, Black Hat MEA and CPHI.

    For more information about Tahaluf, visit https://tahaluf.com

    Contact:
    pragati.m@actionprgroup.com

    A photo accompanying this announcement is available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5fa649e4-de08-4d36-ac05-cacaaa343ac7
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d0034895-f10e-4f41-af0e-31a59b2c65d3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/6a4c9a61-18b0-4288-9f32-90fe4ad7748e
    https://www.globenewswire.com/NewsRoom/AttachmentNg/5351de8d-badd-4734-bf1a-4899d40bc9b4
    https://www.globenewswire.com/NewsRoom/AttachmentNg/2ed8cddb-dc15-49e4-ae15-0514eb166f91

    The MIL Network –

  • MIL-OSI United Kingdom: AI and satellites speed up planning approvals by tracking wild habitats across England

    Source: United Kingdom – Executive Government & Departments

    New records reveal the government is utilising AI and technology to enhance public services, including streamlining MOT inspections and speeding up planning with satellite habitat mapping.

    How AI is improving public services and new AI Playbook will drive public sector use.

    • New records reveal how government is using AI and tech to deliver for the public – including by streamlining MOT garage inspections and using satellite habitat mapping to speed up planning
    • Comes alongside practical tips to help public sector build tech to speed up decision making and transform services for working people – delivering the Plan for Change
    • Guidance shares top tips from development of GOV.UK Chat and other advanced tech on using safeguards to ensure the tech works in the public’s interest

    AI and satellite images are being used to predict how natural habitats are changing across the country, so more current data can be used to accelerate planning proposals and stop NIMBYism getting in the way of growth and the Plan for Change. 

    Satellite images and machine learning – a type of AI – are being used by Natural England to build a detailed map of “Living England”, showing the current extent of habitats across the country. Rather than the manual surveys of the past, changes to English habitats will now be tracked more efficiently and across the country – speeding up decisions around planning and land use while better protecting nature. 

    Details of the project are being released today alongside 13 other examples of how AI and algorithmic tools are used to speed up decision making and improve public services – spanning examples including how AI is being used to better predict the weather and keep standards high at MOT testing centres.

    A new AI Playbook, published today, gives public sector technical experts top tips and guiding principles on how to replicate this work and build AI to help their organisations fix services for citizens – ultimately delivering on the government’s ambition to transform public services with AI.

    Civil servants are guided on how to buy and manage the development of AI technology in their departments and encouraged to work with AI companies closely so the technology can be put to work more quickly. 

    Today’s announcement comes as world leaders gather for the AI Action Summit in Paris, and follow’s the publication of the UK’s AI Opportunities Action Plan, which has put the UK on course to revolutionise public services and become an AI superpower – already attracting over £14 billion in investment since launching just last month.  

    Technology Secretary Peter Kyle said: 

    Every corner of the public sector can be using technology to save money, speed things up, and crucially, improve public services for people across the UK, driving our Plan for Change forward. 

    The publication of our AI Playbook today comes with a call to arms for tech specialists across the public sector – use the guidance we are sharing to put AI to work in your organisations at whiplash speed, so we can repair our broken public services together.

    Natural England’s Chief Scientist, Professor Sallie Bailey said:

    Nature restoration, development and economic growth are not opposing forces – they can and must work together to create a sustainable future for both people and wildlife.

    Our Living England project is harnessing the power of AI to inform and support planning decisions far more efficiently. This means we can make the biggest impact for Nature recovery, while helping to deliver the new homes and infrastructure the country needs.

    The AI Playbook, published by the Department for Science, Innovation and Technology, outlines ten principles civil servants building AI should follow, making sure they: 

    • Have meaningful human control at the right stages, so any decisions recommended by technology can be monitored properly, and changed rapidly if needed. 

    • Choose the right tool for the right job and avoid using AI where more basic technology can fulfil the same task. 

    • Work with teams responsible for buying technology right from the start, to make sure agreements struck with private sector companies can be utilised to maximum potential in this rapidly evolving market. 

    The Playbook also insists that public servants working with AI do so openly and collaboratively, making sure the public know how technology is being used and allowing other public sector organisations to benefit from work that has already taken place.  

    Other records being released today detail how the Driver and Vehicle Standards Agency (DVSA) uses AI to prioritise which of the 23,000 active MOT testing garages should receive an inspection next. 

    Producing a traffic light rating for every garage, the AI tool takes in data from MOT tests to spot anomalies and identify which garages should be checked first, so inspectors can confirm they are working to crucial safety standards. Previously, inspections were based only on the amount of time that had passed since the last check. 

    Today’s release follows the Technology Secretary publishing the blueprint for a modern digital government, setting out how his department will use AI and technology to help the public sector improve their services and target £45 billion in potential efficiency savings every year. This is as well as announcing a bundle of tools to be known as “Humphrey” and set to be made available to all civil servants soon.  

    Among other things, the tools will help civil servants assess responses to consultations, take minutes at meetings and analyse decades of debate from the Houses of Parliament. 

    Notes to editors

    Find the AI Playbook here.

    The full list of Algorithmic Transparency Records being published today is as follows. 

    Met Office (DSIT)

    Weather and climate forecasting: A combination of multiple different algorithmic tools used to produce weather forecasts.

    Natural England (Defra)

    Living England map: Habitat mapping for the whole of England using satellite imagery, targeted field survey and machine learning.

    DVSA (DfT)

    MOT Risk Rating: An algorithmic to identify potential non-compliance in MOT testing, and prioritise visits to MOT garages.

    Wilton Park

    Data Cleaning Tool: Enables compliance with The General Data Protection Regulation (GDPR) by identifying and automatically cleaning personal data from the Wilton Park customer database.

    OSCB (DBT)

    Interest Calculator: Assists small business owners to calculate the amount of interest due on an overdue invoice.

    National Highways (DfT)

    Highways webchat: provides customers with an additional communication channel to get immediate answers to their questions using publicly available information (such as traffic information).

    The search engine for GOV.UK. It enables users to search for information and services on GOV.UK by entering a search query to view results that are relevant to their query.

    NHS Business Services Authority (DHSC)

    Residency Checker for EHIC/GHIC/PRC: A process to support confirmation of UK residency for entitlement to healthcare in an European Economic Area (EEA) country or Switzerland.

    Department for Work and Pensions (DWP)

    Employment and Support Allowance Online Medical Matching: A tool which helps Employment and Support Allowance (ESA) officials process claims more quickly.

    Money and Pensions Service (MaPs)

    Budget Planner: A free online tool that helps users track and categorize their spending, provides a detailed breakdown of their finances, and offers personalized tips to improve their money management.

    Money and Pensions Service (MaPs)

    Redundancy Pay Calculator: Online tool designed to help individuals who have been or are at risk of being made redundant understand their legal rights, calculate their potential redundancy pay, assess their financial situation, and explore available benefits and support.

    Ministry of Justice (MoJ)

    The Effective Proposal Framework: Used by Probation Practitioners at pre-sentence stage and as part of pre-release planning to identify requirements, licence conditions and interventions for individuals based on their risk and need profile.

    Health Research Authority (DHSC)

    Proportionate Review Toolkit: A toolkit to help Research Ethics Committee applicants determine whether their project would be eligible for proportionate review.

    His Majesty’s Revenue and Customs (HMRC)

    Logo Detection and Classification Toolkit: A tool to detect unauthorised uses of HMRC’s logo.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 300

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI China: Job opportunities up for grabs in new year

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

    China is experiencing a surge in job fairs following the Spring Festival holiday, aimed at helping urban and rural workers and college graduates secure employment.

    On Wednesday, a large-scale recruitment event was held in the Zhengzhou Airport Economy Zone in Henan province. BYD, a leading Chinese electric vehicle manufacturer, announced plans to hire 20,000 workers in a single recruitment drive, drawing a massive crowd of applicants. BYD’s Zhengzhou base is offering various positions with salaries ranging from 5,000 to 9,000 yuan ($686 to $1,234) per month.

    “Our company is part of the manufacturing sector, and those who join us will gain exposure to automotive manufacturing equipment, processes and skill standards. We also hope to contribute to Henan’s development,” said a manager at Zhengzhou BYD Auto Co who requested anonymity.

    Wei Wei, head of the talent service center at the personnel department of the Party working committee in the Zhengzhou Airport Economy Zone, said: “This job fair not only ensures the resumption of work and production for enterprises, but also provides more opportunities for job seekers. It plays a role in boosting the local economy.”

    On Thursday, in Jingzhou, Hubei province, 150 companies offered nearly 5,000 positions at the first job fair after Spring Festival. The available jobs spanned various fields, including services and commerce.

    “I’m not planning to look for work elsewhere this year; I want to see if there are suitable jobs available locally,” said Yao, a job seeker who gave only his surname.

    After reviewing the job requirements and benefits from a local biotechnology company, he learned that the salary could exceed 5,000 yuan per month, which he said was “very attractive”.

    Jingzhou has organized over 200 job fairs, with an estimated 400 expected by March.

    Many migrant workers are considering returning to their hometowns for employment this year.

    On Wednesday, at a job fair in Hanchuan, Hubei, job seeker Li Xiaolin said: “I had moved to Guangdong province and was looking for a job as an electrician. However, I visited several companies at the fair and found promising opportunities here. If I find a suitable position, I might stay and work in Hanchuan.”

    On the first day of job fair activities in Hanchuan, approximately 8,600 people attended, with livestream viewers reaching 55,000.

    During Spring Festival, Jiangxi province also hosted numerous large-scale job fairs, both online and in person. One of them, held in Gao’an city, was a three-day fair aimed at assisting key groups such as college graduates and retired military personnel in finding employment or starting businesses.

    At the Gao’an fair, more than 100 companies offered over 6,000 job positions, and more than 1,200 people expressed interest in employment on-site. The Gao’an city employment and entrepreneurship service center said it will continue post-holiday employment support efforts, matching job seekers with companies and providing online and offline job services to guide local workers to opportunities and attract migrant workers to return to the city.

    MIL OSI China News –

  • MIL-OSI: IP Fabric 7.0 Transforms Cloud and Edge Innovation Across Hybrid Networks

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — IP Fabric, the Automated Network Assurance Platform, today announced the release of Version 7.0, designed to simplify compliance with regulations and security frameworks and strengthen operational resiliency across multicloud environments.

    Global enterprises require an end-to-end view of complex cloud and edge environments. Legacy solutions only provide a technology- or domain-specific view, which doesn’t meet the mandate of boards, CISOs and IT leaders, who must balance security, stability, compliance and risk with the pursuit of strategic transformation.

    IP Fabric 7.0 addresses this with a comprehensive view of infrastructure and intelligent analytics, creating the security and operational posture for innovation (e.g., automation, AI, cloud migration, SD-WAN). This lets teams deliver secure services, ensure business continuity, plan and manage budgets, and optimize processes across domains.

    “The release of IP Fabric 7.0 represents another step in empowering all IT teams to achieve panoramic network visibility, efficiency and collaboration,” said Pavel Bykov, CEO and co-founder of IP Fabric. “New features let organizations streamline workflows and proactively address infrastructure and security challenges like never before.”

    Key features in IP Fabric 7.0

    1. Improved Productivity Across Teams and Business Functions
      • 160+ Automated Intent Verification Checks: Proactively identify and address compliance, configuration and maintenance risks with out-of-the-box integrated vendor database checks.
      • Multi-View Dashboards: Create custom dashboards to provide tailored views for the executive team, security practitioners, platform engineers, network engineers and more — without writing a single line of code.
      • Shareable Snapshots and Tables: Enhance collaboration with Shareable Snapshots, which are fully functional simulations of the network (also known as digital twins), and tables, which let users analyze and correlate network state information and parameters across multiple devices.
      • Exportable Network Diagrams: Seamlessly export network diagrams to Visio and other platforms for broader usability.
    2. End-to-End Visibility
      • Expanded Cloud Discovery and Support: Troubleshoot faster with unified data, gain full visibility into backend-to-frontend application communications and prepare for cloud migrations or repatriations. New inventory tables and AWS Direct Connect Transit VIF support enable deeper insights into traffic flow in AWS, especially when leveraging Transit Gateways and multiple VIFs.
      • Enhanced SD-WAN Support: Increase visibility for security teams with new insight into the performance and connectivity of SD-WAN in Silverpeak and Viptela.
      • Auto-Discovery of Security Technology: Identify vulnerabilities and automate security and compliance remediation with instant insights from Check Point, Palo Alto Networks and Stormshield.
      • Advanced Routing Data: Unlock insights into the exact BGP routes devices advertise to neighbors for faster troubleshooting, smarter optimizations and increased confidence that routing aligns with network policies. New BGP capabilities also enable AWS Direct Connect visibility.
    3. Accelerated Business Outcomes
      • Early Snapshot Insights: Network snapshots record the state of the network in time, retrieve historical information, follow network state changes, analyze connectivity and more. Now users can access partial data from devices, tables and diagrams while snapshots are still processing to get insights faster for large environments.
      • Interactive API Documentation: Test CRUD (create/read/update/delete) commands directly in the platform so DevOps and platform engineers can more efficiently build complex lifecycle automation workflows.

    For a complete list of features included in IP Fabric 7.0 visit the company blog.

    About IP Fabric
    IP Fabric is the industry’s leading Automated Network Assurance Platform, offering a continuously validated view of cloud, network and security infrastructure to improve stability, security and spend. Within minutes, the platform creates a unified view of devices, state, configurations and interdependencies, normalizing multi-vendor data and revealing operational truth through automated compliance checks.

    By uncovering risks and providing actionable insights, IP Fabric enables enterprises to accelerate IT and business transformation while reducing costs. Trusted by industry leaders like Red Hat, Major League Baseball and Air France, IP Fabric delivers the foundation for a secure and modern network.

    Learn more at www.ipfabric.io and follow the company on LinkedIn.

    Media Contact
    Liesse Jayalath
    ipfabric@lookleftmarketing.com

    The MIL Network –

  • MIL-OSI: Municipality Finance issues EUR 10 million notes under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    10 February 2025 at 10:00 am (EET)

    Municipality Finance issues EUR 10 million notes under its MTN programme

    Municipality Finance Plc issues EUR 10 million notes on 11 February 2025. The maturity date of the notes is 11 February 2035. The notes bear interest at a fixed rate of 2.819% per annum.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 11 February 2025.

    ABN AMRO Bank N.V. plc acts as the dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.
    The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: MEXC Expands Web3 Ecosystem with Solayer (LAYER) Listing: Enhancing Security and Efficiency on Solana

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 10, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, announced the launch of the Solayer (LAYER) on February 11, accompanied by Airdrop+ rewards.

    Empowering Users through Solayer’s Decentralized Re-Staking Innovation

    As a pioneer in the cryptocurrency industry, MEXC continues to drive innovation and support emerging blockchain ecosystems.

    The listing of LAYER highlights MEXC’s first-mover advantage in offering users access to advanced blockchain projects. By adding LAYER to its platform, MEXC reinforces its commitment to providing seamless access to decentralized solutions, empowering users within the Solana ecosystem and beyond.

    About Solayer (LAYER)

    Solayer is a re-staking protocol within the Solana ecosystem, enhancing network security and efficiency. It allows users to re-stake assets like SOL, mSOL, and JitoSOL, supporting decentralized applications (dApps) and the Solana network. Learn more about Solayer pre-market trading activity in MEXC.

    Celebrate the LAYER Launch with a prize pool of 201,000 LAYER & 50,000 USDT

    To celebrate the launch of Solayer (LAYER), MEXC is introducing five exclusive activities with generous rewards, commencing on February 8, 2025, at 04:00 (UTC). These activities offer participants the chance to win LAYER tokens, USDT bonuses, and other exciting benefits, tailored for both new and experienced users.

    These activities include:

    • Event 1: Deposit and Trade to Share 160,000 LAYER (New User Exclusive).

    Deposit at least 120 LAYER or 100 USDT to qualify.
    Trade LAYER ($100) or trade LAYER perpetual Futures ($500) to earn 20 LAYER each, on a first-come, first-served basis.

    • Event 2: Spot Challenge – Trade to Share 10,000 LAYER.
    • Event 3: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses.

    The top 2,000 users with trading volumes over 20,000 USDT will share the pool, with rewards ranging from 10 USDT to 5,000 USDT.

    • Event 4: Invite New Users and Share 30,000 LAYER (first-come, first-served).
    • Event 5: Spread the Word and Win 1,000 LAYER Rewards.

    Your Easiest Way to Trending Crypto

    MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 300 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

    MEXC, known for quickly listing trending tokens, expands its offerings with Solayer (LAYER). The LAYER/USDT trading market officially launched in the Innovation Zone on February 11, 2025, followed by the introduction of the LAYER USDT perpetual futures, offering adjustable leverage from 1x to 50x with both cross and isolated margin modes. MEXC also will launch Solayer Foundation (LAYER) on Convert on February 12, 2025.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 30 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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

    Disclaimer: This content is provided by MEXC. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/7b1f7c5d-d7a3-434d-8410-500971fc2341

    The MIL Network –

  • MIL-OSI: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them in Konsolidator A/S

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no 5-2025

    Søborg, February 10, 2025

    Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them in Konsolidator A/S

    In accordance with the Market Abuse Regulation article 19, Konsolidator must notify Finanstilsynet and publicly disclose transactions made by persons discharging managerial responsibilities and persons closely associated with them on trading of Konsolidator shares.

    Konsolidator A/S hereby notify and submit the attached transactions of shares in Konsolidator. 

    Contacts

    Certified Adviser

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

    Attachment

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc’s Financial Statements Release 1 January – 31 December 2024: The year ended with a fourth quarter in line with expectations – comparable profit before taxes was strong for 2024

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 10 FEBRUARY 2025 AT 9.15 A.M. EET, FINANCIAL STATEMENTS RELEASE

    Oma Savings Bank Plc’s Financial Statements Release 1 January – 31 December 2024: The year ended with a fourth quarter in line with expectations – comparable profit before taxes was strong for 2024

    This release is a summary of Oma Savings Bank’s (OmaSp) January-December 2024 Financial Statements Release, which can be read from the pdf file attached to this stock exchange release and on the Company’s web pages www.omasp.fi

    CEO Sarianna Liiri:
    “The year 2024 has been very exceptional in the history of OmaSp. Both main sources of income developed in line with expectations and the year ended with a good quarter. Significant investments in the development of risk management processes and the implementation of an extensive action plan continued. The acquisition of Handelsbanken AB’s Finnish SME business and the expansion of the distribution network strengthened OmaSp’s market position towards the end of the year and provide a good starting point for the year beginning.

    The comparable profit before taxes was EUR 27.9 million for the fourth quarter and the comparable return on equity was 15.6 percent.

    As expected, changes in market interest rates were reflected in the development of net interest income, and in the last quarter net interest income fell by 11 percent from the comparison period. The net interest income increased by 8 percent for the whole year. Our customers value our personal and easily accessible service model. This is reflected in the development of the number of customers, which remained despite an exceptional year at a good level. With Handelsbanken’s business acquisition, OmaSp gained approximately 10,000 new customers in the autumn, and in addition to this, approximately 1,000 new customer relationships were organically created every month. In particular, fee and commission income and expenses net were increased by card and payment fees, which increased by 16 percent from the previous year. Fee and commission income and expenses net increased by 8 percent in the last quarter and by 7 percent for the full year. At the end of the year, the business focus has been especially on the reception of customers who have transferred from Handelsbanken and the start of operations in three new branches. With the expanded distribution network OmaSp now has excellent coverage in all of Finland’s key growth and provincial centers.

    OmaSp’s loan portfolio and deposit base were boosted by volumes transferred from Handelsbanken. The portfolio of housing loans grew by 5 percent, corporate loan portfolio by 8 percent and deposits by 6 percent from a year ago.

    Accumulation of impairment losses on financial assets was significantly affected by non-compliance with the guidelines and related additional allowances. In 2024, credit losses amounted to approximately EUR 84 million, of which approximately EUR 64 million were related to non-compliance with the guidelines. In the last quarter, the credit loss level remained at last year’s level.

    The Company has continued to make significant investments in risk management and the implementation of the action plan launched in the summer. As a result, the cost level remained high in the last quarter of the year. An additional EUR 5.4 million was invested in risk management processes in October–December and comparable costs increased by 44 percent during the fourth quarter. Expenses were also increased by the increased number of personnel. During the financial year, the Financial Supervisory Authority (FIN-FSA) carried out audits of the Company. Based on the audits, the observations raised by the supervisor and the development targets already identified by the Company itself support each other. The measures to develop the processes are proceeding well on schedule and the goal is to complete the development measures planned during 2024 in the first half of 2025.

    The comparable cost/income ratio remains at a good level despite significant investments and was 47.7 percent in the last quarter.

    Customer and personnel satisfaction at the center of everything
    OmaSp’s competitive advantage has been and will continue to be built on excellent customer experience. According to research, customer and personnel satisfaction have remained at an excellent level as in previous years, despite the exceptional year. Our personnel are our most essential resource, so committed and motivated personnel play a vitally important role for OmaSp’s future success. The renewed board of the Company started its work in December, and we have got five experienced board experts to strengthen the bank’s operations. In addition, the Company’s new CEO, Karri Alameri, will start his work in April at the latest.

    OmaSp’s financial position is stable, and the Company’s solvency and liquidity position is at a good level. The total capital (TC) ratio was 15.6 percent at the end of the year and the accumulation of equity is nearly EUR 580 million.

    After the changes implemented in 2024, we will now be able to focus on our core business and strengthen the customer experience of our existing and new customers. OmaSp’s ambition is to enable and solve the needs of households and small and medium-sized enterprises in all areas of the bank’s operations. In February, the history of OmaSp stretches back 150 years. From these strong starting points, we will continue in 2025 with confidence.

    Warm thanks to all customers and owners, and especially to OmaSp’s personnel for 2024!”

    January-December 2024
    • Oma Savings Bank Plc’s Extraordinary General Meeting was held on 10 December 2024. The Extraordinary General Meeting confirmed on the remuneration, number and composition of the members of the Board of Directors. The number of members of the Board of Directors was confirmed to be eight, i.e. the number of members increased by one. Aki Jaskari, Jaakko Ossa and Jaana Sandström were re-elected as Board members and Juhana Brotherus, Irma Gillberg-Hjelt, Carl Pettersson, Kati Riikonen and Juha Volotinen were elected as new members.
    • The Company’s Board of Directors appointed Karri Alameri, B.Sc. (Econ.), CEFA as the Company’s new CEO on 30 September 2024. Alameri will start his position no later than 1 April 2025.
    • On 1 September 2024, the Company completed the acquisition of Svenska Handelsbanken AB’s SME business in Finland as planned. The deposit portfolio transferred to the Company was approximately EUR 440 million and the loan portfolio approximately EUR 500 million. A goodwill of EUR 15.3 million was recognised from the acquisition. Approximately 10,000 customers transferred to the Company in the acquisition, and at the same time 30 people transferred to the Company as old employees.
    • During the second quarter, the Company launched an extensive risk management action plan (the “Noste”), which has been implemented according to plan.
    • In January–December, net interest income grew 8.1% compared with the same period last year. Net interest income totalled EUR 213.1 (197.0) million. In the last quarter, net interest income decreased by 10.5% compared to the comparison period.
    • Home mortgage portfolio increased by 5.0% during the previous 12 months. Corporate loan portfolio increased by 8.0% during the previous 12 months.
    • Deposit base increased by 5.5% over the past 12 months.
    • In January-December, fee and commission income and expenses (net) increased due to volume growth by 7.0%. In the last quarter, fee and commission income and expenses (net) increased by 7.5% compared to the comparison period.
    • In January–December, total operating income grew by 9.3% compared to the comparison period. In the last quarter, comparable total operating income remained at the same level compared to the last quarter and was EUR 68.2 (69.4) million.
    • In January-December, total operating expenses grew in total by 22.6%. The growth is mainly explained by expenses arising from business arrangements as well as from extensive risk management development projects and investigation costs related to non-compliance with the guidelines. In addition, the number of personnel increased during the year due to the business arrangements, the opening of new branches and the strengthening of risk management processes. Other operating expenses were in total EUR 69.3 (52.5) million, of which the development costs of the risk management action plan and investigation costs related to non-compliance with the guidelines amounted to EUR 11.8 million.
    • Comparable total operating expenses grew by 44.0% in the last quarter and were EUR 32.4 (22.5) million. Of this the risk management action plan (the ”Noste”) amounted to EUR 5.4 million.
    • For January-December, the impairment losses on financial assets were in total EUR -83.4 (-17.1) million. A total of EUR 64.4 million in impairment losses on financial assets were recorded in relation to non-compliance with the guidelines, of which EUR 4.9 million was final impairment losses on financial assets. Impairment losses on financial assets amounted to EUR 7.6 (7.3) million in the last quarter.
    • For January-December, profit before taxes was EUR 74.6 (138.0) million. For the last quarter, profit before taxes was EUR 22.6 (35.5) million.
    • In January-December, comparable profit before taxes was EUR 86.7 (143.6) million. For the last quarter, comparable profit before taxes was EUR 27.9 (38.8) million.
    • In January-December, cost/income ratio was 41.3 (36.9)%. In the last quarter, cost/income ratio was 52.9 (35.4)%. In January-December, comparable cost/income ratio was 37.8 (35.1)%. In the last quarter, comparable cost/income ratio was 47.7 (32.8)%.
    • In January-December, comparable return on equity (ROE) was 12.4 (25.3)%. For the last quarter, comparable return on equity (ROE) was 15.6 (23.5)%.
    • Total capital (TC) ratio was 15.6 (16.5)%.

    The Group’s key figures (1,000 euros) 1–12/2024 1–12/2023 Δ% 2024 Q4 2023 Q4 Δ%
    Net interest income 213,097 197,045 8% 50,913 56,907 -11%
    Fee and commission income and expenses, net 50,745 47,421 7% 13,105 12,188 8%
    Total operating income 270,068 247,067 9% 64,381 67,190 -4%
    Total operating expenses -111,004 -90,550 23% -33,917 -23,483 44%
    Impairment losses on financial assets, net -83,379 -17,126 387% -7,572 -7,269 4%
    Profit before taxes 74,589 138,048 -46% 22,582 35,546 -36%
    Cost/income ratio, % 41.3% 36.9% 12% 52.9% 35.4% 49%
    Balance sheet total 7,709,090 7,642,906 1% 7,709,090 7,642,906 1%
    Equity 576,143 541,052 6% 576,143 541,052 6%
    Return on assets (ROA) % 0.8% 1.6% -52% 0.9% 1.5% -40%
    Return on equity (ROE) % 10.7% 24.3% -56% 12.6% 21.5% -41%
    Earnings per share (EPS), EUR 1.80 3.49 -48% 0.54 0.85 -36%
    Total capital (TC) ratio % 15.6% 16.5% -6% 15.6% 16.5% -6%
    Common Equity Tier 1 (CET1) capital ratio % 14.4% 14.9% -3% 14.4% 14.9% -3%
                 
    Comparable profit before taxes 86,656 143,609 -40% 27,945 38,790 -28%
    Comparable cost/income ratio, % 37.8% 35.1% 8% 47.7% 32.8% 45%
    Comparable return on equity (ROE) % 12.4% 25.3% -51% 15.6% 23.5% -34%

    Outlook for the financial year 2025:
    The Company’s business outlook for the financial year 2025 will be affected by lower market interest rates and the continued high cost level due to IT investments and system improvements required by risk management and quality processes. In addition, the Company continues to invest in customer experience on different channels. The uncertainty of the operating environment and economic situation affects the development of balance sheet items and comparable profit for the financial year 2025.

    Oma Savings Bank Plc provides earnings guidance on comparable profit before taxes for 2025. Earnings guidance is based on the forecast for the entire year, which takes into account the current market and business situation. Forecasts are based on the management’s insight into the Group’s business development.

    We estimate the Group’s comparable profit before taxes to be EUR 65-80 million for the financial year 2025 (comparable profit before taxes was EUR 86.7 million in the financial year 2024).

    Board of Directors’ proposal for the distribution of profit to AGM
    The Board of Directors proposes to the Annual General Meeting a dividend in accordance with the dividend policy, at least 20% of the Company’s net profit. The proposal for the distribution of profit aims to increase capital buffers and maintain strong liquidity. The Board of Directors proposes that, on the basis of the Financial Statements to be adopted for 2024, a dividend of EUR 0.36 be paid from the Parent Company’s distributable profits for each share entitled to a dividend for 2024.

    The proposed record date for dividends would be 10 April 2025 and the payment date 17 April 2025.

    No material changes have taken place in the Company’s financial position after the financial year. The Company’s liquidity is good, and the proposed profit distribution does not compromise the Company’s liquidity according to the Board of Directors’ insight.

    General Meeting 
    The Annual General Meeting is scheduled to be held on 8 April 2024. The Company’s Board of Directors will convene the Annual General Meeting separately at a later date.

    Oma Savings Bank Plc

    Additional information:
    Sarianna Liiri, CEO, puh. +358 40 835 6712, sarianna.liiri@omasp.fi
    Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

    DISTRIBUTION
    Nasdaq Helsinki Ltd
    Major media
    www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 48 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

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

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    The MIL Network –

  • MIL-OSI Economics: ADB and Local Currency Financing: A 20-Year Journey

    Source: Asia Development Bank

    •  ADB’s pioneering efforts in issuing local currency bonds over the past 20 years have not only mitigated currency risks for borrowers but also opened local markets to foreign investment and development finance.
    •  Innovations like currency-linked bonds and the rapid development of derivative markets have enhanced liquidity and enabled tailored funding solutions, significantly advancing local currency financing in Asia and the Pacific.
    •  Local currency finance, initially focused on private sector loans, is expanding into sovereign lending, signaling ADB’s evolving role in fostering financial innovation and development across the region.

    Twenty years ago, ADB issued its first local currency bond. The Indian rupee bond represented about $110 million equivalent at the time. Over the following three years, ADB raised funding from onshore bond issues in Malaysian ringgit, Thai baht, Chinese renminbi and Philippine peso – acting as an “icebreaker” to open these markets to foreign issuers.

    Such borrowing exercises introduced a new funding stream for ADB’s development assistance, allowing borrowers to mitigate potential currency risks associated with borrowing in foreign currencies.

    Fast forward to today, and local currency finance has gone mainstream. Development partners are no longer surprised when ADB issues bonds denominated in currencies as diverse as the Azerbaijan manat, the Indonesian rupiah or the Mongolian togrog and they recognize the invaluable role that local currency finance plays in crowding in foreign investment to developing countries.

    About a third of ADB’s private sector loans are currently delivered in local currencies, with the Thai baht, Indian rupee, Chinese renminbi, Kazakhstan tenge, and Georgian lari featuring prominently. ADB’s aggregate local currency portfolio reached more than $3.75 billion equivalent as of 31 October 2024 across more than 15 local currencies with local currency loans expected to reach 50% of private sector lending over the next years.

    What has catalyzed local currency finance?

    Over the last 20 years, local capital markets have evolved and developed significantly  across Asia and the Pacific. These developments were driven by the experience of the 1997/98 Asian financial crisis, which was at least partially caused by excessive foreign currency exposures.

    Since then, regulators, banks, and investors have made significant strides to develop local currency bond markets and improve the local currency capital market infrastructure.

    Over the last 20 years, local capital markets have evolved and developed significantly across Asia and the Pacific.

    ADB can reach certain target borrowers more effectively when it offers loans in their own currencies rather than in dollars, euros, or yen. For many of the projects that ADB supports, foreign currency denominated loans would not be feasible: a dairy business owner in Mongolia has no understanding of the risks involved in borrowing a foreign currency. Equally, a female worker in rural Kazakhstan would not begin to consider borrowing a home loan in a foreign currency. For both of these projects, ADB was able to provide suitable local currency financing solutions to meet borrower needs and avoid foreign currency mismatches.

    Importantly, the rapid development of derivative markets in the region, which include the availability of both interest rate and cross-currency swaps in several markets, has facilitated the management of liquidity by decoupling funding and disbursement transactions, while also allowing for tailored back-to-back funding transactions.

    The availability of longer-tenor financing solutions has also improved significantly in a number of the more developed Asian markets: for example, ADB was able to derive a 20-year Thai baht funding solution through the cross-currency swap market to finance a project in Lao People’s Democratic Republic, which delivered a perfect hedge for the borrower.

    Similar liquidity of varying tenors is now available in swap and bond markets in the People’s Republic of China (PRC), India, Indonesia, Malaysia, and the Philippines.

    A capital market innovation: the emergence of currency-linked bonds

    Another important innovation has also improved the availability of local currency financing: the so-called “currency-linked bond” has been a game changer for development finance.  In essence, this is a debt security denominated in a local currency but settled in US dollars.

    It relies on international documentation usually under English law, settlement occurs in international central securities depositaries, and the bonds are listed on major international stock exchanges. The impact of such structures is to crowd in international investors into local currencies by providing an easily accessible trading infrastructure.

    ADB issued its first Indian rupee currency-linked bond in 2014 and since then has issued such instruments in Armenian dram, Azerbaijan manat, Georgian lari, Indonesian rupiah, Kazakhstan tenge, Kyrgyz sum, Mongolian togrog, Pakistan rupees and Philippine pesos. In Indian rupees alone, ADB has raised more than one billion US dollars equivalent to finance private sector projects.

    Issuing innovative local currency bonds

    In countries such as Georgia and Kazakhstan where the environment is enabled, ADB has issued multiple domestic bonds including fixed rate, floating rate and even inflation-linked. Furthermore, ADB auctioned the first green (2020) and gender (2021) bonds on the Kazakhstan Stock Exchange, delivering a new asset class to the local market.

    In Georgia, ADB was the first organization to issue its domestic bonds through the Georgian Securities Settlement System (GSSS) in 2015, which operates delivery versus payment Real Time Gross Settlements (RTGS) with central bank money through the National Bank of Georgia.

    In Kazakhstan, ADB settled its domestically issued bonds through the Kazakhstan Securities Depositary, which crucially has an operational “bridge” with Clearstream in Luxembourg.

    These innovations have fostered knowledge sharing and the shift of local currency issuance infrastructure towards international best practices.

    Creating local currency liquidity pools

    Liquidity pools are commonly used to warehouse the proceeds of bond issues in mainstream currencies until project disbursements happen. ADB has developed liquidity pools in Chinese renminbi and Indian rupees, which have played an important role in shepherding in high levels of local currency development finance by providing continuous availability of funding, decoupling such availability from any specific funding transactions Further liquidity pools are in the making, as ADB’s pipelines in local currency grow and evolve.

    Working closely with national regulators and market participants, ADB’s engagement in local currency markets over the last 20 years has made significant progress.

    The next frontier: sovereign local currency loans

    Local currency finance is already well established as a financing source for ADB’s private sector loans, but it has been deployed much less in the sovereign context, which for ADB represents the largest share of lending activity. A number of sovereign borrowers have recently started to avail  local currency solutions from ADB, including a recently  completed $1.45 billion sovereign local currency loan conversion.

    Working closely with national regulators and market participants, ADB’s engagement in local currency markets over the last 20 years has made significant progress: ADB is now able to offer funding solutions in more than 15 local currencies in Asia and the Pacific. As local currency markets will further develop, the future of local currency financing in the Asia-Pacific region looks bright. 

    Authors: Roberta Casali, ADB Vice-President for Finance and Risk; Tobias Hoschka, ADB Treasurer; Jonathan Grosvenor, former ADB Assistant Treasurer

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    Subjects
    • ADB funds and products
    • Finance sector development

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  • MIL-OSI Economics: Early-stage VC funding rounds volume declines significantly in 2024 globally, reveals GlobalData

    Source: GlobalData

    Early-stage VC funding rounds volume declines significantly in 2024 globally, reveals GlobalData

    Posted in Business Fundamentals

    A total of 10,384 venture capital (VC) funding deals with disclosed funding rounds were announced globally during 2024, which is a decline of 11.9% compared to the 11,786 VC deals announced during the previous year. Among all VC funding rounds, early-stage funding rounds* witnessed a significant decline in their volume last year compared to 2023, according to GlobalData, a leading data and analytics company.

    Aurojyoti Bose, Lead Analyst at GlobalData, comments: “Even though most of the funding rounds experienced a decrease in volume, the majority of the overall decline is driven by double-digit fall in the number of early-stage funding rounds during 2024 compared to 2023.”

    An analysis of GlobalData’s Deals Database reveals that the total number of early-stage funding rounds declined by 14.2% in 2024 compared to 2023. A total of 8,086 early-stage funding rounds (comprising 4,457 Seed rounds and 3,629 Series A funding rounds) were announced globally during 2024 compared to the previous year’s announcement of 9,424 early-stage funding rounds that included 5,359 Seed rounds and 4,065 Series A funding rounds.

    However, despite the decline, early-stage funding rounds continued to dominate the global VC funding landscape in 2024. These accounted for a 77.9% share of the total number of VC deals with disclosed funding rounds announced globally during 2024.

    Meanwhile, the number of growth, expansion and late-stage funding rounds** declined by 2.7% from 2,362 VC deals in 2023 to 2,298 VC deals in 2024. Growth, expansion and late-stage funding rounds collectively accounted for a 22.1% share of the total number of VC deals with disclosed funding rounds announced globally during 2024.

    *Comprising Seed and Series A funding rounds

    **Series B onwards

    MIL OSI Economics –

  • MIL-OSI Economics: AI advancements to accelerate China digital health sector, says GlobalData

    Source: GlobalData

    AI advancements to accelerate China digital health sector, says GlobalData

    Posted in Medical Devices

    China’s rapid advancements in artificial intelligence (AI), underscored by the recent launch of Qwen2.5-Max, Kimi k1.5, and DeepSeek v3, are sparking excitement among AI professionals. This progress is expected to have a considerable impact on multiple industries, including healthcare. Consequently, the Chinese digital health market is likely to see further developments, provided the data security is safeguarded, says  GlobalData, a leading data and analytics company.

    GlobalData’s research reveals that in 2024, China represented around 20% of the digital health market in the Asia-Pacific (APAC) region, reflecting the increasing demand for innovations such as DeepSeek within the healthcare sector.

    Pratibha Thammanabhatla, Medical Devices Analyst at GlobalData, comments: “The recent launch of Qwen2.5-Max, Kimi k1.5, and Deepseek highlights China’s increasing presence in the AI sector and its dedication to achieving technological self-sufficiency. The advanced AI features they assert, including huge efficiency gains, better reasoning, and accessibility, may have considerable potential to provide enhanced diagnostic abilities, personalized recommendations, and improved communication between patients and healthcare professionals.”

    Alibaba Cloud claims that its latest Qwen2.5-Max demonstrated significant advantages over other AI models such as Llama-3.1-405B, DeepSeek V3 and Qwen2.5-72B when evaluated using benchmark tools such as Arena-Hard, LiveBench, LiveCodeBench, and GPQA-Diamond and they are expecting that advancements in post-training techniques will elevate the next version of Qwen2.5-Max to new heights.

    Thammanabhatla concludes: “Although AI has the potential to revolutionize healthcare by improving efficiency and patient outcomes, challenges such as data privacy, doctor-patient relationship, and lack of sufficient trained personnel must be addressed to ensure its successful implementation. A collaborative approach involving stakeholders from various countries and sectors, including healthcare professionals, regulators, and data privacy experts, is essential for overcoming these challenges, which would result in wider adoption.”

    MIL OSI Economics –