Category: Business

  • MIL-OSI China: China becomes largest online retail market for 12 consecutive years

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

    BEIJING, Jan. 24 — China has become the world’s largest online retail market for 12 consecutive years, with online retail sales reaching 15.5 trillion yuan (about 2.16 trillion U.S. dollars) in 2024, the Ministry of Commerce said Friday.

    China’s wholesale and retail industries have made steady progress driven by various policies, providing strong support for expanding domestic demand and forging a new development paradigm, Vice Commerce Minister Sheng Qiuping told a press conference.

    Sheng said that the added value of the wholesale and retail industries reached 13.8 trillion yuan in 2024, accounting for 10.2 percent of the GDP and playing a vital role in smoothing circulation, creating jobs and reducing logistics costs.

    The ministry will work with relevant departments to further enrich supporting policies, implement detailed measures and accelerate the promotion of high-quality development of wholesale and retail industries, so as to further smooth the circulation of the national economy, Sheng added.

    MIL OSI China News

  • MIL-OSI USA: Relief Still Available to Kansas Small Businesses and Private  Nonprofits Hit by Spring Drought:   Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Kansas of the deadlines to apply for low interest federal disaster loans to offset economic losses caused by the drought that occurred in the counties listed below.

    Declaration Number

    Primary
    Counties

    Neighboring
    Counties

    Incident
    Type

    Incident Date

    Deadline

    20423 Meade and Sedgwick Butler, Clark, Cowley, Ford, Gray, Harvey, Haskell, Kingman, Reno, Seward and Sumner in Kansas;
    Beaver in Oklahoma
    Drought April 23, 2024, and continuing 02/24/25
    20425 Haskell and Seward Finney, Grant, Gray, Kearny, Meade and Stevens in Kansas;
    Texas and Beaver in Oklahoma
    Drought April 30, 2024, and continuing 02/26/25

    Under these declarations, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses as a direct result of the drought. The SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    EIDLs are available for working capital needs caused by the drought and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters hit rural communities, access to working capital offers a lifeline to impacted small businesses and private nonprofits,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “SBA’s EIDL program is designed to help keep businesses operational during recovery, covering financial obligations and necessary expenses until normal operations resume.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    For KS 20423 submit completed loan applications to the SBA no later than Feb. 24. For  KS 20425 submit completed loan applications to the SBA no later than Feb. 26.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Relief Still Available to Texas Small Businesses and Private Nonprofits Hit by Spring Drought: Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Texas of the Feb. 24, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought that began April 23, 2024.

    The disaster declaration covers the counties of Brewster, Crane, Crockett, Dimmit, Frio, Irion, Jeff Davis, La Salle, Maverick, Pecos, Reagan, Reeves, Schleicher, Sutton, Terrell, Upton, Val Verde, Ward, Webb and Zavala.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the drought and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters hit rural communities, access to working capital offers a lifeline to impacted small businesses and private nonprofits,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “SBA’s EIDL program is designed to help keep businesses operational during recovery, covering financial obligations and necessary expenses until normal operations resume.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Feb. 24.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Relief Still Available to Oklahoma Small Businesses and Private Nonprofits Hit by Spring Drought: Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofit (PNP) organizations in Oklahoma of the Feb. 24, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the drought that began April 30, 2024.

    The disaster declaration covers the counties of Beaver, Ellis, Harper, and Texas in Oklahoma, as well as Clark, Meade and Seward counties in Kansas, and Lipscomb and Ochiltree counties in Texas.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the drought and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters hit rural communities, access to working capital offers a lifeline to impacted small businesses and private nonprofits,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “SBA’s EIDL program is designed to help keep businesses operational during recovery, covering financial obligations and necessary expenses until normal operations resume.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Feb. 24.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Kennedy, Lee introduce bill to permanently stop funding for abortions overseas

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Judiciary Committee, joined Sen. Mike Lee (R-Utah) in introducing the Protecting Life in Foreign Assistance Act.
    The bill would permanently codify the Protecting Life in Global Health Assistance policy (formerly the Mexico City Policy), which forbids the funding of foreign non-governmental organizations that perform or promote abortions. The Mexico City Policy was first instituted by Pres. Ronald Reagan and has since been rescinded and reinstated by various presidential administrations. Pres. Donald Trump expanded this policy to close previously existing loopholes and renamed it the Protecting Life in Global Health Assistance policy.
    “America shouldn’t fund abortions in foreign countries—no matter which party holds the White House. It’s time for Congress to show some moral clarity on this issue once and for all by passing this bill,” said Kennedy.
    “In our quest to build a society where every precious human life is protected, we cannot allow the tax dollars of American families to be used against the most vulnerable people in our country and across the world: the unborn,” said Lee.
    Sens. Ted Budd (R-N.C.), Marsha Blackburn (R-Tenn.), Kevin Cramer (R-N.D.), Pete Ricketts (R-Neb.), Jim Banks (R-Ind.), Tim Scott (R-S.C.), John Cornyn (R-Texas), Deb Fischer (R-Neb.), Tommy Tuberville (R-Ala.), Todd Young (R-Ind.) and Ron Johnson (R-Wis.) cosponsored the legislation. 
    Text of the Protecting Life in Foreign Assistance Act is available here.

    MIL OSI USA News

  • MIL-OSI: Purpose Investments Inc. Announces Final Annual 2024 Capital Gains Distributions for Purpose Fund Corp.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 24, 2025 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) is pleased to announce the final annual 2024 capital gain distributions for Purpose Fund Corp. The distributions represent capital gains realized by Purpose Fund Corp. during the year.

    Shareholders of record at the close of business on January 30, 2025, will receive the 2024 annual capital gains distribution on February 5, 2025, and such gains will be applicable for the 2025 tax year. The final year-end capital gain distribution for Purpose Fund Corp. will be paid in cash.

    Details of the per-unit distribution amounts are as follows:

    Fund Name Ticker
    Symbol
    Exchange Final Annual
    Capital Gains
    Distribution
    Per Share
    NAV Per
    Share (as of
    Jan 23, 2025)
    Final Distribution
    (% of Jan 23,
    2025 NAV)
    Purpose Core Dividend Fund – ETF
    Series
    PDF TSX $0.1800 $33.85 0.53%
    Purpose Tactical Hedged Equity Fund
    – ETF Series
    PHE TSX $0.0800 $36.72 0.22%
    Purpose Tactical Hedged Equity Fund
    – Non-Currency Hedged – ETF Series
    PHE.B TSX $0.6700 $42.83 1.56%
    Purpose Diversified Real Asset Fund
    – ETF Series
    PRA TSX $0.2100 $30.15 0.70%
    Purpose Best Ideas Fund – ETF
    Series
    PBI TSX $1.5700 $48.09 3.26%
    Purpose Best Ideas Fund – Non-
    Currency Hedged – ETF Series
    PBI.B TSX $2.5700 $64.21 4.00%
    Purpose International Tactical
    Hedged Equity Fund – ETF Series
    PHW TSX $0.3500 $19.73 1.77%
    Purpose Canadian Financial Income
    Fund – ETF Series
    BNC TSX $1.2000 $29.24 4.10%
    Purpose Enhanced Dividend Fund –
    ETF Series
    PDIV TSX $0.0150 $9.46 0.16%
    Purpose Core Equity Income Fund –
    ETF Series
    RDE Cboe
    Canada
    $0.1600 $27.40 0.58%
    Purpose Tactical Asset Allocation
    Fund – ETF Series
    RTA Cboe
    Canada
    $0.9500 $31.31 3.03%
    Purpose Tactical Thematic Fund –
    ETF Series
    RTT Cboe
    Canada
    $0.7000 $24.81 2.82%

    Purpose confirms that Big Banc Split Corp. will not declare a 2024 annual capital gain distribution.

    About Purpose Investments Inc.

    Purpose Investments is an asset management company with more than $23 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.

    For further information, please contact:
    Keera Hart
    Keera.Hart@kaiserpartners.com
    905-580-1257

    Commissions, trailing commissions, management fees, and expenses may all be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. Investment funds are not guaranteed; their values change frequently, and past performance may not be repeated.

    The MIL Network

  • MIL-OSI Security: Casper man sentenced to 10 years for transportation of a minor for sex

    Source: Office of United States Attorneys

    James Warren Martin, 38, of Casper, Wyoming, was sentenced to 10 years in federal prison, with a lifetime of supervised release, for transportation of a minor with intent to engage in criminal sexual activity. This sentence is to run concurrently with his 37-to-45-year sentence imposed in Wyoming’s Seventh Judicial District state court for his victimization of the same minor. Chief U.S. District Court Judge Scott W. Skavdahl imposed the sentence on Jan. 23, in Casper.

    According to court documents, the defendant was brought to the attention of law enforcement in October of 2022 when the minor victim’s family member and guardian reported to the Casper Police Department that a male, identified as James Warren Martin, was grooming the girl. Detectives began investigating Martin. Then, on Nov. 16, 2022, Martin picked up the girl from school and fled the state with her. An Amber Alert was issued in Wyoming. Investigators determined that Martin and the minor victim may have been in Arizona. An Amber Alert was also issued in Arizona.

    A deputy with the La Paz County (Ariz.) Sheriff’s Office located Martin and the minor victim in Arizona. Law enforcement arrested Martin and rescued the girl. Electronic evidence showed Martin intended to take the girl to Mexico. Evidence also proved Martin had sexual intercourse with the girl after taking her from Wyoming. Martin was interviewed and ultimately confessed to having sexual intercourse with the girl numerous times in Natrona County, Wyoming in the years before taking her to Arizona.

    Martin was indicted on Jan. 11, 2023, and entered federal custody on July 15, 2024. He pleaded guilty on Oct. 29, 2024.

    The Casper Police Department, Federal Bureau of Investigation, Wyoming Division of Criminal Investigation, and La Paz County Sheriff’s Office in Arizona investigated the crime. Assistant U.S. Attorney Z. Seth Griswold prosecuted the federal crime. The Natrona County District Attorney’s Office prosecuted the accompanying state crimes.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice.  Led by the U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.

    Case No. 23-CR-00005

    MIL Security OSI

  • MIL-OSI New Zealand: New podiatry clinic brings much-needed service to Wairoa

    Source: New Zealand Government

    A new monthly podiatry clinic has been launched today in Wairoa and will bring a much-needed service closer to home for the Wairoa community, Health Minister Simeon Brown says.

    “Health New Zealand has been successful in securing a podiatrist until the end of June this year to meet the needs of the Wairoa community. The podiatrist has a special interest in diabetes and will travel to Wairoa with a nurse, for monthly clinics which will be held at Queen St Practice,” Mr Brown says.

    “Primary and community healthcare, like this podiatry clinic, play a key role in preventing illness, treating disease early and reducing the impact of long-term conditions. Keeping people well improves their quality of life and reduces the pressure on our hospitals.

    “I am aware the community is also working closely with government agencies on addressing access to other healthcare services such as the provision of aged care services for their elderly.” 

    This six-month initiative funded by Health NZ will be reviewed in June. Further engagement with the community will continue throughout the year, including on the Wairoa Ageing Well Project.

    “For the estimated 400 – 600 people in the area with diabetes, as well as those with other issues, having this service on their doorstep will be a great addition to improving the range of timely, quality healthcare that can be delivered locally.” Mr Brown says.

    “Investments like this are important to ensure all New Zealanders can access timely, quality healthcare and is made possible by the Government’s record investment of $16.8 billion in health in Budget 2024.”

    MIL OSI New Zealand News

  • MIL-OSI USA: Hawley Demands Insurance Companies Answer for ‘Morally Obscene’ Disaster Claim Denials

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)
    Today, Senator Josh Hawley (R-Mo.) sent a letter to insurance companies regarding reports that claims related to Hurricane Helene are being denied after Hurricane Helene and Hurricane Milton devastated American communities. In his letter, the Senator calls on them to publicly testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Disaster Management—which Senator Hawley chairs—and pushes for answers about their claim processing practices.
    “These reports [of coverage denials] are outrageous. Americans purchase insurance so that when disaster strikes, they and their loved ones will have some recourse. That is the reason insurance companies exist in the first place,” wrote Senator Hawley. “Denying coverage to American policyholders, at a time when so many of them have been displaced and left grieving, is not merely a betrayal—it is morally obscene.”
    The letter comes on the heels of President Trump’s Friday visit to western North Carolina to meet with hurricane victims who are still struggling with the destruction and loss caused by the hurricane. During his press conference, President Trump invited victims to share their stories and specifically name the insurance companies denying their claims. 
    Read the full letter here or below.  
    January 24, 2025
    Dear Insurer:
    Earlier this year, American communities were devastated by Hurricanes Helene and Milton. Countless Americans lost loved ones, homes, businesses, and beloved towns in the violence of the storm. Now, all across the eastern seaboard, thousands are struggling to recover and rebuild their lives. 
    Widespread reports indicate that some companies are standing in the way. Seizing the opportunity to limit their own liabilities, insurance companies processing claims related to these hurricanes are reportedly engaged in a pattern of denying homeowner insurance claims.1 If this is true, Americans who’ve already lost nearly everything now face the ultimate insult: loss of any chance to rebuild. They will be left with virtually nothing.
    These reports are outrageous. Americans purchase insurance so that when disaster strikes, they and their loved ones will have some recourse. That is the reason insurance companies exist in the first place. Denying coverage to American policyholders, at a time when so many of them have been displaced and left grieving, is not merely a betrayal—it is morally obscene.
    In the wake of these reports of denials of coverage, I invite you to publicly testify before the Senate Homeland Security and Governmental Affairs Subcommittee on Disaster Management, which has jurisdiction over disaster recovery efforts.
    In the interim, please provide answers to the following questions: 
         1. How many insurance claims, brought by homeowners in the wake of Hurricane Helene and Milton, has your company denied?
         2. On what grounds were these claims denied? Please provide an itemized breakdown.
         3. What is your average response time when customers submit a claim after a disaster?
    I look forward to your response. 
    Sincerely, 
    Josh HawleyUnited States Senator

    MIL OSI USA News

  • MIL-OSI China: China, Netherlands pledge to build open world economy, strengthen green development cooperation

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

    China, Netherlands pledge to build open world economy, strengthen green development cooperation

    Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Dutch King Willem-Alexander in The Hague, the Netherlands, Jan. 22, 2025. Ding visited the Netherlands from Jan. 22 to Jan. 23 at the invitation of the government of the Netherlands. [Photo/Xinhua]

    THE HAGUE, Jan. 24 — Chinese Vice Premier Ding Xuexiang met with Dutch leaders on Wednesday and Thursday in The Hague. The two sides agreed to jointly promote an open world economy, and strengthen cooperation in various fields including green development.

    Ding, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, met separately with Dutch King Willem-Alexander, Prime Minister Dick Schoof, and Deputy Prime Minister and Minister of Climate and Green Growth Sophie Hermans during his two-day visit.

    Ding said that under the strategic guidance of the two countries’ leaders, the open and pragmatic partnership for comprehensive cooperation between China and the Netherlands has been steadily enhanced with fruitful cooperation in various fields, bringing benefits to the two countries and two peoples.

    China is willing to further strengthen communication with the Netherlands to enhance mutual trust, push for greater development of bilateral relations and help the two countries accelerate the realization of their respective development goals, he said.

    Stressing that both China and the Netherlands are beneficiaries and supporters of an open world economy, Ding said China is committed to high-quality development through high-standard opening-up, welcoming Dutch companies to expand cooperation with China.

    It is also hoped that the Dutch side will continue to provide a fair, equitable and non-discriminatory business environment for Chinese companies, safeguard common interests and maintain a stable and unimpeded global industrial and supply chains, and realize the two sides’ complementary advantages, shared opportunities and common development, Ding said.

    This year marks the 50th anniversary of the establishment of diplomatic ties between China and the European Union (EU). The vice premier said China is willing to strengthen dialogue and deepen cooperation with the EU to promote the sound and stable development of the China-EU relations, and hopes the Netherlands will play a constructive role in this regard.

    King Willem-Alexander said that the Dutch side cherishes mutual trust and friendship and is willing to deepen cooperation with China to jointly push for continuous progress in the Netherlands-China relations.

    In the face of the current geopolitical conflicts, countries should communicate frankly, seek consensus, work together and jointly address global challenges, the King added.

    Schoof said the Dutch side admires China’s development achievements and regards China as a stable partner, adding that the Netherlands is willing to strengthen dialogue with China, enhance understanding and mutual trust, and expand practical cooperation in various fields such as water conservancy, green development, and medical and health care.

    Schoof also noted that the Netherlands is ready to work with China to safeguard free trade and promote openness and cooperation.

    Hermans congratulated China on its achievements in environmental protection and green development, and appreciated China’s contributions to the implementation of the Paris Agreement.

    The Dutch side is looking forward to promoting cooperation with China in areas such as clean energy, green transition, circular economy, and climate adaptation, Hermans said.

    Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Dutch Prime Minister Dick Schoof in The Hague, the Netherlands, Jan. 23, 2025. [Photo/Xinhua]
    Chinese Vice Premier Ding Xuexiang, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, meets with Dutch Deputy Prime Minister and Minister of Climate and Green Growth Sophie Hermans in The Hague, the Netherlands, Jan. 23, 2025. Ding visited the Netherlands from Jan. 22 to Jan. 23 at the invitation of the government of the Netherlands. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI China: China to carry out pilot reform on auto consumption

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

    BEIJING, Jan. 24 — China will conduct pilot reform on the circulation and consumption of automobiles to expand and implement the trade-in program of consumer goods and further release the potential of automobile consumption, according to a circular released on Friday.

    The circular, jointly released by eight departments including the Ministry of Commerce, pledged efforts to cultivate a number of model enterprises in the innovative development of automobile circulation and consumption by 2027.

    Efforts will be made to stabilize and expand automobile consumption, while encouraging localities to gradually relax or cancel the purchase restriction policies of cars. The consumption of energy-saving and new-energy vehicles will also be encouraged.

    It is also said in the circular that China will promote the efficient circulation of used cars, optimize its management system, expand the source and improve the quality of used cars with enhanced services.

    The circular includes plans to promote the standardized and orderly development of car modification, car rental, racing, RV camping and classic cars, while optimizing the recycling system for scrapped vehicles.

    Enterprises will be encouraged to set up sales and service systems for new and used cars that integrate online and offline services to improve the digital level of automobile consumption.

    MIL OSI China News

  • MIL-OSI Asia-Pac: TWC:1910 Provides 24/7 Customer Support

    Source: Republic Of China Taiwan 2

    The Taiwan Water Corporation Customer Service Hotline 1910 is still on 24/7 while TWC offices will be closed during the Lunar New Year. Users with any questions,such as water using,bills,reporting water leaking,can get assistance by calling 1910.

    TWC provides a variety of convenient payment methods. Users can easily pay through the following methods during the Lunar New Year.
    1.Taiwan Water Corporation official website.
    2.Taiwan Water Corporation APP.
    3.Mobile payment:JKOPay,iPASS MONEY,TCPASS,GAMAPAY,PiAPP,icash Pay,ezPay,beePay,TaiwanPay,Easy Wallet,PXPay and PlusPAY.
    4.At convenience stores:Pay water bill at 7-11,Family Mart,Hi-Life,OK and Simple Mart. Users without water bills,can print them with KIOSK Machines,like ibon,OKGo,Fami Port,Life-ET.

    Before returning to hometown for reunions,please check the water equipment at home,TWC offices will be open on February 3rd,2025.

    Ministry of Economic Affairs Taiwan Water Company
    Spokesman:Vice President Wu, Jing-Wen
    Contact Number:04-22244191 Ext.205,Mobile Phone:0934-262835
    Email:jingwen@mail.water.gov.tw

    Business Contact:Director, Dept. of Business LIN,MENG-ZHU
    Contact Number:04-22244191 Ext.400,Mobile Phone:0952-402749
    Email:moju @mail.water.gov.tw

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: Moscow Metro – Virtual Troika, FPS, and Biometrics: How Moscow’s Ticketing System Changed in 2024

    Source: Moscow Metro

    Maksim Liksutov reported that digital payment methods for public transport are gaining popularity. For example, virtual Troika cards have been used over 2.5 million times already. This year, passengers have issued more than 120,000 such cards.

    Moscow Metro.

    Linking Bank Cards in the Moscow Metro App

    The service allows users to pay for previous trips in just a couple of clicks, removing their card from the stop-list. You can also view the history of your card’s use on public transport. Passengers have linked nearly 250,000 bank cards in the app.

    Biometric Payment on the MCD (Moscow Central Diameters)

    In 2024, biometric payment became available at the Nakhabino, Kalanchyovskaya, Likhobory, and Zelenograd-Kryukovo stations. All passengers registered in the system can pay for travel using biometrics on the Diameters.

    Faster Payments System (FPS)

    This Russian service has been implemented in ticket offices and vending machines of the Moscow Metro. Passengers can use it to buy or top up their Troika card or Muscovite card using a smartphone of any manufacturer.

    Biometric Payment for Students

    Students now have the option to pay for travel on the metro and MCC (Moscow Central Circle) using biometrics. This convenient payment method is available to over 550,000 students in Moscow.

    Virtual Troika Card

    This service allows you to pay for travel with any smartphone on all types of public transport. With a virtual “Troika,” passengers spend less than a minute from buying a ticket to validating their ride.

    Online Top-Up Activation for Troika Cards

    Yellow terminals are no longer needed! Based on passenger requests, automatic activation of online top-ups for Troika and Muscovite cards has been implemented at metro and MCC turnstiles. Additionally, the service has been implemented in open beta on all 3,000 tram validators.

    “The city’s ticketing system fully meets the needs of passengers. We offer innovative solutions that are unparalleled in the world in terms of scale and convenience. For example, biometric payment. In addition, in 2024, on the instructions of the Mayor of Moscow, Sergey Sobyanin, new digital services were launched in transport, which made trips even more convenient. Next year, we will continue to develop the most advanced domestic solutions for passengers,” — said Maksim Liksutov.

    MIL OSI Russia News

  • MIL-OSI USA: Relief Still Available to Nebraska Private Nonprofits Hit by April Storm: Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding private nonprofit (PNP) organizations in Nebraska of the Feb. 24, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by the severe winter storm and straight-line winds that occurred April 6–7, 2024.

    The disaster declaration covers the counties of Banner, Cheyenne, Dawes, Garden, Kimball, Morrill, Scotts Bluff and Sioux.

    Under the declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs that provide non-critical services of a governmental nature and suffered financial losses directly related to the disaster. Examples of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters hit rural communities, access to working capital offers a lifeline to impacted small businesses and private nonprofits,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “SBA’s EIDL program is designed to help keep businesses operational during recovery, covering financial obligations and necessary expenses until normal operations resume.”

    The loan amount can be up to $2 million with interest rates as low as 3.25%, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Feb. 24.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Relief Still Available to Iowa Small Businesses and Private Nonprofits Hit by May Storms: Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP)organizations in Iowa of the Feb. 24, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by severe storms, tornadoes and flooding that occurred May 20-31, 2024.

    The disaster declaration covers the counties of Adair, Adams, Audubon, Boone, Cass, Cedar, Clinton, Dallas, Fremont, Guthrie, Hamilton, Hardin, Jasper, Johnson, Jones, Linn, Madison, Mahaska, Marion, Marshall, Mills, Montgomery, Muscatine, Page, Polk, Pottawattamie, Poweshiek, Ringgold, Scott, Story, Tama, Taylor, Union and Warren.

    Under this declaration, the SBA’s Economic Injury Disaster Loan (EIDL) program is available to eligible small businesses, small agricultural cooperatives, nurseries, and PNPs that suffered financial losses directly related to this disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters strike, businesses and nonprofits face significant challenges,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “These SBA loans provide the financial support they need to manage costs and continue moving forward.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Feb. 24.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Relief Still Available to Texas Private Nonprofits Hit by Spring Storms: Don’t Miss the Deadline to Apply for an SBA Disaster Loan!

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) is reminding private nonprofit (PNP) organizations in Texas of the Feb. 24, 2025 deadline to apply for low interest federal disaster loans to offset economic losses caused by severe storms, straight‑line winds, tornadoes and flooding that occurred April 26–June 5, 2024.

    The disaster declaration covers the counties of Anderson, Austin, Bailey, Baylor, Bell, Blanco, Bosque, Bowie, Brown, Caldwell, Calhoun, Cass, Cherokee, Clay, Cochran, Coke, Coleman, Concho, Cooke, Coryell, Dallas, Delta, Eastland, Falls, Fannin, Freestone, Gonzales, Grimes, Hamilton, Hardin, Harris, Hays, Henderson, Hockley, Hopkins, Houston, Jasper, Kaufman, Lamar, Lampasas, Lee, Leon, Liberty, Limestone, Lynn, Madison, McCulloch, Milam, Mills, Montgomery, Morris, Nacogdoches, Navarro, Newton, Panola, Polk, Rains, Red River, Robertson, Rockwall, Rusk, Sabine, San Augustine, San Jacinto, San Saba, Shelby, Smith, Sterling, Terrell, Titus, Trinity, Tyler, Van Zandt, Walker, Waller and Washington.

    Under the declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to PNPs that provide non-critical services of a governmental nature and suffered financial losses directly related to the disaster. Examples of eligible non-critical PNPs include, but are not limited to, food kitchens, homeless shelters, museums, libraries, community centers, schools, and colleges.

    EIDLs are available for working capital needs caused by the disaster and are available even if the PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.

    “When disasters hit rural communities, access to working capital offers a lifeline to impacted small businesses and private nonprofits,” said Randle Logan, acting associate administrator for the SBA’s Office of Disaster Recovery and Resilience. “SBA’s EIDL program is designed to help keep businesses operational during recovery, covering financial obligations and necessary expenses until normal operations resume.”

    The loan amount can be up to $2 million with interest rates as low as 3.25%, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 months from the date of the first loan disbursement. The SBA sets loan amount terms based on each applicant’s financial condition.

    For more information and to apply online visit SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than Feb. 24.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI: Oak Valley Bancorp Reports 4th Quarter Results and Announces Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., Jan. 24, 2025 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended December 31, 2024, consolidated net income was $6,008,000 or $0.73 per diluted share (EPS), as compared to $7,324,000, or $0.89 EPS, for the prior quarter and $5,865,000, or $0.71 EPS for the same period a year ago. Consolidated net income for the year ended December 31, 2024, totaled $24,948,000, or $3.02 EPS, representing a decrease of 19.1% compared to $30,848,000, or $3.75 EPS for 2023. The decrease in QTD earnings compared to the prior quarter is related to loan recoveries which resulted in the reversal of credit loss provision of $1,620,000 recorded during the third quarter of 2024. The increase over the same period a year ago is related to a credit loss provision of $1,130,000 recorded during the fourth quarter of 2023, corresponding to macro-economic conditions and loan growth of $100.8 million during the fourth quarter of 2023. Despite the positive variance related to the reversal of credit loss provisions, 2024 YTD earnings decreased compared to 2023 due to an increase in deposit interest expense and general operating expenses.       

    “We are pleased to report another solid year of earnings and commend our team on their commitment to a culture of relationship banking built on a foundation of sound credit quality standards,” stated Chris Courtney, Chief Executive Officer.

    Net interest income was $17,846,000 and $70,034,000 for the fourth quarter and year ended December 31, 2024, respectively, compared to $17,655,000 during the prior quarter, $17,914,000 for the fourth quarter of 2023, and $75,802,000 for the year ended December 31, 2023. The QTD increase compared to prior quarter is due to an increase of $39.6 million in average earning assets. The QTD and YTD decreases compared to 2023 is due to an increase in deposit interest expense. The average cost of funds increased to 0.78% in 2024, compared to 0.28% in 2023. The higher interest expense was partially offset by loan growth of $90.0 million, or 8.8%, year-over-year.

    Net interest margin was 4.00% and 4.07% (non-GAAP measure, see financial table footnote 1 below) for the fourth quarter and year ended December 31, 2024, respectively, as compared to 4.04% for the prior quarter, 4.15% for the fourth quarter of 2023, and 4.33% for the year ended December 31, 2023. The interest margin decrease compared to prior periods is the result of increased deposit interest expense as described above.

    Non-interest income for the fourth quarter and year ended December 31, 2024, totaled $1,430,000 and $6,555,000, respectively, compared to $1,846,000 during the prior quarter, $1,755,000 for the fourth quarter of 2023, and $6,631,000 for the year ended December 31, 2023. The QTD and YTD decreases from prior periods was primarily due to unrealized market value changes on equity securities.

    Non-interest expense for the fourth quarter and year ended December 31, 2024, totaled $11,548,000 and $46,017,000, respectively, compared to $11,324,000 during the prior quarter, $10,760,000 for the fourth quarter of 2023 and $41,157,000 for the year ended December 31, 2023. The fourth quarter increases are related to audit, data processing, and consulting among other general operating expense increases. The year-to-date increase compared to 2023 corresponds to staffing expense and general operating costs, including advertising, audit and software licensing, related to servicing the loan and deposit portfolios.

    Total assets were $1.90 billion at December 31, 2024, essentially flat compared to September 30, 2024, and an increase of $58.2 million over December 31, 2023. Gross loans were $1.11 billion as of December 31, 2024, an increase of $31.4 million from September 30, 2024, and $90.0 million from December 31, 2023. The Company’s total deposits were $1.70 billion as of December 31, 2024, an increase of $5.4 million from September 30, 2024, and $45.2 million from December 31, 2023. Our liquidity position remains strong as evidenced by $168.8 million in cash and cash equivalents balances at December 31, 2024.

    Non-performing assets (“NPA”) remained at zero as of December 31, 2024, as they were for all of 2024 and 2023. The allowance for credit losses (“ACL”) as a percentage of gross loans decreased to 1.04% at December 31, 2024, compared to 1.07% at September 30, 2024 and 1.07% at December 31, 2023. The decrease was related to macro-economic conditions and other credit-related factors that resulted in a favorable output from our CECL credit risk model, combined with loan growth of $31.4 million during the quarter. Given industry concerns of credit risk specific to commercial real estate, management has performed a thorough analysis of this segment within the ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable.

    The Board of Directors of Oak Valley Bancorp at their January 21, 2025 meeting, declared the payment of a cash dividend of $0.30 per share of common stock to its shareholders of record at the close of business on February 3, 2025. The payment date will be February 14, 2025 and will amount to approximately $2,507,000. This is the first dividend payment made by the Company in 2025.

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

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

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

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

    Contact:   Chris Courtney/Rick McCarty
    Phone:   (209) 848-2265
        www.ovcb.com
     
    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    ($ in thousands, except per share) 4th Quarter 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter
    Selected Quarterly Operating Data:   2024     2024     2024     2024     2023  
                 
      Net interest income $ 17,846   $ 17,655   $ 17,292   $ 17,241   $ 17,914  
      (Reversal of) provision for credit losses       (1,620 )           1,130  
      Non-interest income   1,430     1,846     1,760     1,519     1,755  
      Non-interest expense   11,548     11,324     11,616     11,529     10,760  
      Net income before income taxes   7,728     9,797     7,436     7,231     7,779  
      Provision for income taxes   1,720     2,473     1,547     1,504     1,914  
      Net income $ 6,008   $ 7,324   $ 5,889   $ 5,727   $ 5,865  
                 
      Earnings per common share – basic $ 0.73   $ 0.89   $ 0.72   $ 0.70   $ 0.72  
      Earnings per common share – diluted $ 0.73   $ 0.89   $ 0.71   $ 0.69   $ 0.71  
      Dividends paid per common share $   $ 0.225   $   $ 0.225   $  
      Return on average common equity   12.86 %   16.54 %   14.19 %   13.86 %   16.44 %
      Return on average assets   1.25 %   1.56 %   1.30 %   1.26 %   1.27 %
      Net interest margin (1)   4.00 %   4.04 %   4.11 %   4.09 %   4.15 %
      Efficiency ratio (2)   59.91 %   58.07 %   60.97 %   61.46 %   54.71 %
                 
    Capital – Period End          
      Book value per common share $ 21.95   $ 22.18   $ 20.55   $ 19.97   $ 20.03  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.04 %   1.07 %   1.04 %   1.05 %   1.07 %
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,604   $ 1,900,455   $ 1,840,521   $ 1,805,739   $ 1,842,422  
      Gross loans   1,106,535     1,075,138     1,070,036     1,039,509     1,016,579  
      Nonperforming assets                    
      Allowance for credit losses   11,460     11,479     11,121     10,922     10,896  
      Deposits   1,695,690     1,690,301     1,644,748     1,612,400     1,650,534  
      Common equity   183,436     185,393     171,799     166,916     166,092  
                 
    Non-Financial Data          
      Full-time equivalent staff   223     222     223     219     222  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,357,211     8,358,711     8,359,556     8,359,556     8,293,168  
      Period average – basic   8,224,504     8,221,475     8,219,699     8,209,617     8,200,177  
      Period average – diluted   8,278,427     8,263,790     8,248,295     8,244,648     8,236,897  
                 
    Market Ratios          
      Stock Price $ 29.25   $ 26.57   $ 24.97   $ 24.78   $ 29.95  
      Price/Earnings   10.09     7.52     8.69     8.86     10.55  
      Price/Book   1.33     1.20     1.22     1.24     1.50  
                 
    (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.  
    (2) This ratio was changed to GAAP basis as of the quarter ended December 31, 2024, and all prior periods have been restated accordingly.
                 
                 
                 
        YEAR ENDED
    DECEMBER 31,
         
    Profitability   2024     2023        
    ($ in thousands, except per share)          
      Net interest income $ 70,034   $ 75,802        
      (Reversal of) provision for credit losses   (1,620 )   970        
      Non-interest income   6,555     6,631        
      Non-interest expense   46,017     41,157        
      Net income before income taxes   32,192     40,306        
      Provision for income taxes   7,244     9,458        
      Net income $ 24,948   $ 30,848        
                 
      Earnings per share – basic $ 3.04   $ 3.76        
      Earnings per share – diluted $ 3.02   $ 3.75        
      Dividends paid per share $ 0.45   $ 0.32        
      Return on average equity   14.39 %   21.87 %      
      Return on average assets   1.35 %   1.64 %      
      Net interest margin (1)   4.07 %   4.33 %      
      Efficiency ratio (2)   60.08 %   49.93 %      
                 
    Capital – Period End          
      Book value per share $ 21.95   $ 20.03        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.04 %   1.07 %      
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,604   $ 1,842,422        
      Gross loans   1,106,535     1,016,579        
      Nonperforming assets              
      Allowance for credit losses   11,460     10,896        
      Deposits   1,695,690     1,650,534        
      Stockholders’ equity   183,436     166,092        
                 
    Non-Financial Data          
      Full-time equivalent staff   223     222        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,357,211     8,293,168        
      Period average – basic   8,218,846     8,193,874        
      Period average – diluted   8,258,857     8,230,892        
                 
    Market Ratios          
      Stock Price $ 29.25   $ 29.95        
      Price/Earnings   9.64     7.96        
      Price/Book   1.33     1.50        
                 
      (1) This is a non-GAAP measure because its computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) This ratio was changed to GAAP basis as of the year ended December 31, 2024, and the prior period has been restated accordingly.

    The MIL Network

  • MIL-OSI United Kingdom: Edinburgh declares Scotland’s first visitor levy

    Source: Scotland – City of Edinburgh

    Councillors have formally agreed to introduce Edinburgh’s Visitor Levy scheme.

    Hailed as a ‘historic moment for Edinburgh’, the decision was taken during a special meeting of the Council held online today (Friday 24 January) .

    From 24 July 2026, a 5% fee will be applied to the cost of overnight accommodation in Edinburgh, capped at five nights in a row. Businesses will need to apply the levy to any advance bookings made as of 1 October 2025 for stays on or after 24 July 2026.

    The levy is projected to raise up to £50 million a year once established, for the city to invest in protecting, supporting and enhancing Edinburgh’s worldwide appeal as a place to live and visit.

    The final proposals for the scheme have been updated to provide accommodation providers and booking agencies with extra time to prepare systems for advance bookings ahead of next summer’s launch.

    Responding to today’s decision, Council Leader Jane Meagher said:

    What an historic moment for Edinburgh. Introducing this ground-breaking visitor levy means realising a once in a lifetime opportunity to invest tens of millions of pounds towards enhancing and sustaining the things that make our city such a great place to visit – and live in – all year round.

    The scheme has been many years in the making and I’m grateful to Council officers, businesses and residents who have helped shape it, every step of the way. Its introduction is declared today with a huge amount of backing, not least from local residents.

    At all stages we’ve listened to and taken account of the views of industry and other stakeholders. It’s in this spirit that we’ve also extended the amount of time hoteliers and small businesses will have to prepare for the changes that are coming in.

    It’s vital that we continue to work closely as we get ready to launch this scheme and deliver the many benefits it is going to bring. We’ve always said this is a city fund and spending decisions need to be taken with a whole city mindset, and we’ll soon be establishing a Visitor Levy Forum with an independent Chair. We’ll also be reporting next steps to executive Council committees.”

    Neil Ellis, Chair of the Edinburgh Hotels Association, said:

    Edinburgh Hotels Association welcomes the introduction of the visitor levy for its intended use of improving the experience of all visitors – local, national or international – through additional spending. This is a fantastic opportunity to further enhance Edinburgh’s reputation on the World stage as a must visit destination.”

    Donald Emslie, a representative of Edinburgh’s tourism industry, said:

    This new income stream presents a unique opportunity to generate significant funds for the city’s long-term development. The levy’s potential to generate transformative funds for the benefit of all who live, work, and visit Edinburgh is well recognised and I’m pleased to see a decision made to declare a scheme which will not only support spending on city operations and infrastructure, but sustain Edinburgh’s cultural offering and destination and visitor management.”

    The agreed Visitor Levy for Edinburgh scheme:

    Scheme Objectives

    The overarching aim of the Scheme is to sustain Edinburgh’s status as one of the world’s greatest cultural and heritage cities and to ensure that the impacts of a successful visitor economy are managed effectively and in support of the priorities as set out in the Council’s Business Plan (or equivalent).

    The objectives of the Scheme are therefore to Sustain, Support and Develop:

    1. Public services, programmes and infrastructure that provide an enjoyable and safe visitor and resident experience.
    2. Edinburgh’s culture, heritage and events provision to ensure it remains world-leading and competitively attractive to visitors as well as residents.
    3. The city’s visitor economy, by fostering innovation in response to environmental and societal challenges, enhancing Edinburgh’s global reputation while promoting responsible and sustainable tourism.

    Scheme area, start date and duration

    The Scheme covers the entirety of the City of Edinburgh Council boundaries and will apply to overnight stays from 24 July 2026, booked and paid for (in part or full) on or after 1 October 2025. It will apply indefinitely, or until the Council decides to end or amend it, and at all times of the year.

    The levy rate

    The levy rate will be 5%, payable for a maximum of five consecutive nights and will apply at the same level, year-round, across the entire City of Edinburgh Council boundary area.

    Accommodation liable for the levy

    The levy will apply to all overnight accommodation, including those with an annual turnover below the applicable VAT threshold, based within the City of Edinburgh Council boundary.

    This includes:

    • Hotels;
    • Hostels;
    • Guest houses;
    • Bed and breakfast accommodation;
    • Self-catering accommodation, including short-term lets;
    • All paid accommodation on caravan sites and campsites, including temporary tent and campervan pitches;
    • Accommodation in a vehicle, or on board a vessel, which is permanently or predominantly situated in one place; and
    • Any other place at which a room or area is offered by the occupier for residential purposes otherwise than as a visitor’s only or usual place of residence.

    Certain accommodation providers may apply to the Council for a discretionary site exemption if they meet both of the following criteria:

    • The property is occupied by a charity or trustee of a charity; and
    • Overnight stays must be wholly or mainly for charitable purposes.

    This discretionary exemption is aligned with the cases where charities may receive mandatory relief from paying Non-Domestic Rates and may be cross-checked with that register.

    Accommodation providers who do not charge for overnight accommodation, or who cater fully for individuals who are exempted from paying the levy are not liable for the levy.

    Individuals exempted or excluded from paying the levy

    The Visitor Levy is payable by anyone staying in accommodation which is not their only or usual place of residence (temporary or otherwise). Individuals who do not have an only or usual place of residence are therefore not required to pay the levy. This includes people who are homeless, refugees and asylum seekers and people whose homes are unfit or unsafe for habitation. In addition, individuals defined in s. 14 (1) of the Act are exempt from paying the levy.

    Individuals who are exempt or excluded will need to pay the levy to the accommodation provider and request reimbursement from the Council, unless their accommodation has been arranged and paid for directly via the Council. Reimbursement can be applied for online, submitting relevant evidence (as detailed below and on the Council’s website) and bank details (to enable payment via BACS). Alternative provision can be made for those who do not have internet access.

    Evidence which will be required to be submitted includes:

    • The name of person exempted/excluded;
    • If exclusion applies, verification of such status from relevant official body (this can include the Council’s Homelessness service, Social services, relevant third sector provider, Police Scotland etc);
    • If exemption applies, a copy (scan/photo) of the relevant benefit award letter or similar document;
    • Booking confirmation/accommodation invoice – the name of the person exempted/excluded should be included on this document; and
    • Proof of payment for overnight accommodation.

    The Council will assess the evidence received and pay the reimbursement via bank transfer within 5 working days if the applicant is found to be eligible.

    Collecting and enforcing the levy

    Accommodation providers within the local authority area will be liable for the levy. They will be required to submit quarterly reports, detailing the total accommodation charges and the total levy collected to a national online visitor levy portal. The levy will be payable at the same time as submitting returns.

    Accommodation providers are required to keep accurate records of all transactions that are subject to the levy. The Council will conduct inspections, as required, to ensure compliance with the scheme and remittance requirements.

    Accommodation providers who fail to comply may be subject to penalties.

    Appeals relating to decisions made by the Council on the operation and/or enforcement of the scheme can be registered following the Visitor Levy appeal process detailed on the Council’s website. The Council will aim to review and process such appeals within 28 calendar days.

    Use of net proceeds

    The Act stipulates that the net proceeds of a visitor levy must be spent on facilitating the achievement of the scheme’s objectives and on “developing, supporting and sustaining facilities and services which are substantially for or used by persons visiting [overnight] for leisure or business purposes (or both)”.

    After administration costs, which includes the establishing and maintenance of a contingency fund, a fixed amount will be assigned to:

    • Housing and tourism mitigation (£5m p.a.);
    • Participatory budgeting (£2m over 3 years) with appropriate audit checks in place to ensure that these funds are spent on facilitating the achievement of the scheme’s objectives; and
    • Reimbursement of 2% of remitted funds to Accommodation Providers, to off-set the administrative cost incurred from operating in accordance with the Scheme and collecting visitor data

    The remaining funds will then be split into the following investment streams:

    • City Operations and Infrastructure (55%);
    • Culture, Heritage and Events (35%); and
    • Destination and Visitor Management (10%).

    The Council will make decisions on the use of funds after consultation with the Visitor Levy Forum (see details below), with these decisions delegated to the relevant executive Committees.

    Reviewing and changing the scheme

    The Council will review the scheme every three years to assess whether it is successfully achieving its objectives and to measure the impact of the scheme on businesses, visitors and communities. The review will be published along with a report detailing how the income has been spent and the benefits which the VL-funded projects have brought.

    If the Council wishes to make changes to the scheme following the review, it will publicly consult on the change and publish a report detailing the decision and its justification. Significant changes to the scheme will require an 18-month implementation period.

    Significant changes to the scheme include:

    • Increasing the scheme area;
    • Increasing the percentage rate; and/or
    • Removing any exemptions

    Visitor Levy Forum

    A Visitor Levy Forum will be established to discuss and advise on the VL scheme, including the review of the scheme and any modifications to the scheme. The Forum will also be consulted on how the VL funds will be spent.

    The Forum will be made up of an equal number of representatives from the community and from businesses in the city’s visitor economy and at least 40% of the representatives must be women. Council officers responsible for the investment streams and officers from the Council’s Programme Management Office will be in attendance at Forum meetings and may make recommendations to the Forum but will not be members of the Forum itself.

    The Council will report publicly and to the Scottish Government on

    • the amount we collect
    • how we use the net proceeds, (the amount collected minus costs or expenses of operating the scheme)
    • how we demonstrate that we are delivering the objectives of the Scheme.

    MIL OSI United Kingdom

  • MIL-OSI Canada: Alberta tourism shines on the national stage

    The eyes of the nation are once again on Alberta as the province’s tourism sector garners recognition for its industry-leading innovation and dedication to excellence. Several Albertans and Albertan businesses were nominated and won Canadian Tourism Awards for outstanding success, innovation and leadership in Canada’s tourism industry.

    The accolades highlight Alberta as a top-tier tourism destination and recognize the outstanding Albertans that elevate the province’s reputation nationally and internationally. As an advocate for Canada’s tourism sector, the Tourism Industry Association of Canada presents the Canadian Tourism Awards annually.

    “We are incredibly proud of the achievements of Alberta’s tourism operators, whose passion and innovation continue to set new standards of excellence. The individuals and businesses nominated reflect the rich variety of experiences that make Alberta unique. Their dedication and innovation are at the heart of our thriving tourism sector, and their recognition on the national stage reflects the world-class experiences Alberta offers visitors each day.”

    Joseph Schow, Minister of Tourism and Sport

    The following Alberta-based organizations and individuals received Canadian Tourism Awards:

    • Business of the Year Award: CanaDream RV, Rocky View County
    • Business Event of the Year Award: National Gathering of Elders, Edmonton
    • Culinary Tourism Experience Award: Bar OA Farms, Strathcona County
    • Lifetime Achievement Award: Cindy Ady, former CEO of Tourism Calgary and former Minister of Tourism, Parks and Recreation
    • Under-30 Tourism Trailblazer Award: Sierra Murray, Leduc County

    Notably, former Tourism Calgary CEO and former Alberta Minister of Tourism, Parks and Recreation, Cindy Ady received a lifetime achievement award for her commitment to Alberta’s tourism sector. As CEO of Tourism Calgary, Cindy positioned Calgary as a year-round, globally competitive destination, and as Alberta’s Minister of Tourism, Parks and Recreation, Cindy sponsored the Travel Alberta Act, establishing Travel Alberta as a provincial agency in 2009.

    “Alberta’s tourism community is remarkable, and I am grateful to have had the opportunity to contribute to its success. I am truly humbled to have received this Lifetime Achievement Award, but it’s not just about me – it’s a testament to the hard work and vision of an entire community, one that has come together to position this province as a leader in the global tourism landscape.”

    Cindy Ady, former CEO of Tourism Calgary and former Minister of Tourism, Parks and Recreation

    In addition, Travel Alberta received recognition for its film Sky Painter, which won gold in Brand Building at the 2024 Canadian Marketing Awards and second place in the Tourism Products category at the World Tourism Film Awards. The Travel Alberta film To be Albertan won first place in the Region Promotion category at the World Tourism Film Awards. 

    In the past year, Alberta has received global recognition with a nomination for the Most Desirable Region (Rest of the World) category in the Wanderlust Reader Travel Awards 2024, and Skift IDEA awards in industry innovation and travel technology. In addition, Travel Alberta films won awards at the Japan’s World Tourism Festival and in the Cannes Corporate Media and TV Awards.

    These achievements build on Alberta’s rich tradition of tourism excellence and highlight the significant contributions of the industry to the province’s economy. Alberta’s government remains committed to supporting its tourism operators as they continue to shape the future of Canadian tourism.

    Quick facts

    • The following Alberta organizations, events and individuals received nominations for the Canadian Tourism Awards:
      • Culinary Tourism Experience Award: Bar OA Farms, Strathcona County
      • Indigenous Tourism Award: Dragonfly Spirit CreeAtions Ltd, Spruce Grove
      • Indigenous Tourism Award: Métis Crossing, Smoky Lake
      • Innovator of the Year Award: Rural Rivers, Sturgeon County
      • Tourism Employer of the Year Award: Indigenous Box, Leduc County

    Related information

    • The Canadian Tourism Awards 2024
    • World Tourism Film Awards 2024
    • Canadian Marketing Association Awards 2024

    Multimedia

    • “To Be Albertan” video entry by Travel Alberta
    • “Sky Painter” video entry by Travel Alberta

    Related news

    • Global recognition for Alberta’s tourism sector (Sept. 27, 2024)
    • Alberta’s tourism soars to new heights (Sept. 25, 2024)
    • Alberta films captivate the world (March 18, 2024)
    • Growing Alberta’s visitor economy (Feb. 14, 2024)

    MIL OSI Canada News

  • MIL-OSI Security: FBI Cleveland Shares Human Trafficking Awareness and Guidance

    Source: Federal Bureau of Investigation (FBI) State Crime News

    CLEVELAND, OH—January is Human Trafficking Prevention Month, a time to shed light and raise awareness in our communities about a prevalent crime that violates the most basic of human rights—freedom.

    Human trafficking is the illegal exploitation of a person. Anyone can be a victim of human trafficking, and it can occur in any U.S. community—cities, suburbs, and even rural areas.

    Human trafficking is the exploitation of human beings for profit. Whether it’s domestic servitude, forced labor, or sex trafficking of children and adults, it is a borderless crime without regard to who, what, or where the victims come from.

    • As of July 15, 2024, the FBI has more than 1,660 pending human trafficking investigations, with cases in each of the FBI’s 56 field offices. Over 93 percent of the FBI’s human trafficking cases involved sex trafficking, with labor trafficking investigations accounting for over six percent.
      • These numbers may be misleading. Labor trafficking is traditionally harder to detect because the underlying labor—such as work performed in hair and nail salons, in restaurants, and by sanitation companies—is normally not illegal.
    • In Fiscal Year (FY) 2023, the FBI initiated 664 human trafficking cases and conducted 145 federal arrests associated with human trafficking cases.
    • Of the 145 federal arrests, 85 were for federal human trafficking crimes (e.g., violations of 18 U.S.C. § 1591 [sex trafficking of children] or § 1594 [conspiracy to sex traffic children]), and 60 were for other federal non-trafficking charges (e.g., 18 U.S.C. § 2422 [coercion and enticement of a minor] or § 2423(a) [transportation of minors], or a variety of other federal criminal violations, such as 18 U.S.C. § 922(g) [felon in possession of a weapon]).
    • The FBI investigates all forms of human trafficking, regardless of the victim’s age or nationality.

    “Human trafficking is happening across the United States and worldwide, robbing victims of a peaceful life while degrading their existence to a world of dependence. Northern Ohio is not exempt from these dreadful crimes,” said FBI Special Agent in Charge Greg Nelsen.

    The FBI works human trafficking cases under its Crimes Against Children and Human Trafficking program. Here in the United States, both U.S. residents and foreign nationals are being bought and sold like modern-day slaves. Traffickers use violence, manipulation, or false promises of well-paying jobs or romantic relationships to exploit victims. Victims are forced to work as prostitutes or to take jobs as migrant, domestic, restaurant, or factory workers with little or no pay. Human trafficking is a heinous crime that exploits the most vulnerable in society.

    “The FBI is laser-focused on finding and identifying the perpetrators associated with human trafficking organizations and stands lockstep with its federal, state, and local partners to not only ensure the safe recovery of survivors, but also collaborate with trauma-informed service providers to protect survivors and connect them with the resources and support that they need and deserve,” Nelsen added.

    Under the human trafficking program, the FBI investigates:

    • Sex trafficking: When individuals are compelled by force, fraud, or coercion to engage in commercial sex acts. Sex trafficking of a minor occurs when the victim is under the age of 18. For cases involving minors, it is not necessary to prove force, fraud, or coercion.
    • Labor trafficking: When individuals are compelled by force, threats, or fraud to perform labor or service.
    • Domestic servitude: When individuals within a household appear to be nannies, housekeepers, or other types of domestic workers, but they are being controlled and exploited.

    Indicators of Human Trafficking

    • Individuals may be victims of human trafficking if:
      • They work in the same place they live.
      • They have poor living conditions.
      • They let someone else speak for them or appear to be coached on what to say.
      • They are not in possession of their own travel, immigration, or personal documents.
      • There are locks on the outside of doors where they live, rather than inside.
      • They have increasing debt.
      • Their boss takes their pay.
      • They pay their boss for food, clothing, and rent.
      • They are not free to leave.
      • Someone is always watching or guarding them.
      • They are not free to contact family or friends.
      • Their boss threatens them.
      • They are lied to about the work they will be performing.
    • Additional signs of sex trafficking, especially of minors, include:
      • Frequent missing incidents or running away.
      • Signs of sexual or physical abuse.
      • Symptoms of neglect, such as malnourishment.
      • Having unexplained hotel keys, prepaid cards, or items inconsistent with their socioeconomic status.
      • Multiple hotel reservations under one name for an extended period of time with little or no luggage.
      • Frequent absences from school or withdrawing from previously enjoyed activities.
      • Abrupt disconnection from family and friends.
      • Being overly frightened, annoyed, resistant, or belligerent to authority figures.
    • Even if someone seems free to come and go as they please, they may still be a victim of human trafficking: the coercion to remain may be more psychological than physical.
      • One indicator is whether the potential victim feels free to leave the situation.
      • The potential victims may also be overly reliant on someone else for their physical and/or emotional needs.
    • Human trafficking victims are often subjected to debt bondage, in which traffickers demand labor to repay debt.
      • Traffickers may charge the victims fees for housing, food, transportation, and other needs.
      • They may levy interest and fines for missing daily work quotas.
      • Traffickers may also charge for passage to the United States, and then force workers into labor or sex trafficking once they arrive.
      • Debt bondage traps a victim in a cycle of debt that can never be paid down, and it can be part of a larger scheme of psychological coercion.

    Report Trafficking & Get Help If you are a human trafficking victim or have information about a potential trafficking situation, call the National Human Trafficking Resource Center (NHTRC) at 1-888-373-7888 or text 233733. NHTRC is a national, toll-free hotline, with specialists available to answer calls from anywhere in the country, 24 hours a day, seven days a week. You can also submit a tip on the NHTRC website.

    If you believe a child is involved in a trafficking situation, submit a tip through the National Center for Missing & Exploited Children’s CyberTipline or call 1-800-THE-LOST. FBI personnel assigned to NCMEC review information that is provided to the CyberTipline.

    Additional information can be found at Fbi.gov/humantrafficking

    MIL Security OSI

  • MIL-OSI Security: FBI Akron and Hudson Police Release New Images Related to Bank Robbery

    Source: Federal Bureau of Investigation (FBI) State Crime News

    AKRON, OH—The FBI Akron Resident Agency and the Hudson Police Department are renewing their request seeking the public’s assistance in identifying a male subject in connection to an April 6, 2024 robbery at Key Bank, 120 W. Streetsboro Street, Hudson. The request comes as law enforcement recently released images of the vehicle the robbery suspect entered when he fled the bank.

    The vehicle is described as a dark color Kia Sorento SUV. There is reason to believe the suspect was driven to and from the bank by an accomplice. The FBI is asking anyone with information about the suspect, the vehicle, or potential accomplice(s) to the crime, to contact the FBI.

    The subject is described as:

    • White Male
    • Approximately 6 feet tall
    • Wearing a dark jacket, blue jeans, black hat, black medical mask, and black sneakers.

    On April 6, 2024, at approximately 10:29 a.m., the subject entered the bank, approached the victim teller, and produced a demand note. He then fled the bank with an undisclosed amount of money and entered the Kia Sorento SUV.

    The FBI encourages anyone with information to contact the FBI at 1-800-CALL-FBI (1-800-225-5324). Your identity can remain anonymous when submitting tips to the FBI.

    MIL Security OSI

  • MIL-OSI Security: Alpha Influence Ringleader Admits to Defrauding Investors of Over $20 Million

    Source: Federal Bureau of Investigation (FBI) State Crime News

    SALT LAKE CITY, Utah – A Utah businessman pleaded guilty today to securities fraud and money laundering after admitting he lied to investors and fraudulently sold investment contracts, which are securities, through his company Alpha Influence, LLC for “Alpha Automated Stores.”

    Jeremiah Joseph Evans “The Bull,” 29, of Utah County, was charged by felony information on January 21, 2025.

    According to court documents and admissions made at the change of plea hearing, from July 2019 to July 2022, Evans fraudulently sold investments in e-commerce stores through Alpha Influence, LLC., a registered Utah corporation. As part of the scheme to defraud, Evans promised investors to secure money in exchange for the Alpha investments. Evans fraudulently obtained approximately $20,894,674 from approximately 530 investors. As alleged in court documents, Evans lied to investors about how successful his company was and how long it was in operation. Evans sold the e-commerce stores to purchasers as a passive investment and promised that the stores would make consistent, predictable, monthly returns despite knowing this was false. He failed to disclose that the majority of the invested funds went directly to Alpha Influence, LLC, and were primarily distributed as commissions to those selling the fraudulent investment and himself, with only a small portion sent to the servicer of the investors’ stores.

    Evans is scheduled to be sentenced April 3, 2025, at 1:30 p.m. before a U.S. District Court Judge at the Orrin G. Hatch United States District Courthouse in downtown Salt Lake City.

    U.S. Attorney, Trina A. Higgins, of the District of Utah made the announcement.

    The case is being investigated jointly by the Utah Division of Securities and the FBI Salt Lake City Field Office.

    Assistant United States Attorneys Mark Woolf, Brian Williams, and Jennifer E. Gully of the U.S. Attorney’s Office for the District of Utah are prosecuting the case.
     

    Release No. 25-05

    MIL Security OSI

  • MIL-OSI USA: ICYMI—Hagerty Joins Varney & Co. on Fox Business to Discuss Debanking Conservatives, Support for Hegseth, Panama Canal

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Appropriations, Banking, and Foreign Relations Committees and former U.S. Ambassador to Japan, today joined Varney & Co. on Fox Business to discuss the egregious debanking of conservatives, his strong support for Pete Hegseth, and President Donald Trump’s concerns about China’s influence on the Panama Canal.

    *Click the photo above or here to watch*
    Partial Transcript
    Hagerty on banks debanking conservatives: “I certainly side with President Trump on this one because I’ve seen it myself. Look, you’ve got these big banks that have DEI and ESG narratives that they’re trying to follow. You’ve got regulators; I think that’s the most pernicious aspect of this. You’ve got regulators here in Washington, bank supervisors that don’t have to put out a written warning. What they have to do is suggest that perhaps there’s some reputational risk associated with a particular entity or a particular customer, even Barron Trump has had difficulty getting a bank account. I think President Trump has felt this in his own family. Christian ministry groups are having a difficult time. It’s absolutely amazing to me and, I think, to all Americans that the banking system isn’t open and available to everybody in America. We’re going to change that. Now that the gavel has shifted here in the Senate, the Banking Committee is under Republican control. We fully intend to take supervisory action to get a very hard look at this. And on the Executive Branch side, I can guarantee you President Trump is going to dig into this too. It’s got to come to an end.”
    Hagerty on his strong support for Pete Hegseth: “Pete is also a hometown favorite for me. He’s from Tennessee. I’ve been friends with Pete for years; I’m delighted to see him into this position. I think if anybody watched the four and a half hours of Pete’s confirmation hearing, what they’ve seen is somebody that’s patriotic, someone that’s bright, someone that’s energetic. Pete’s the type of person that’s going to be transformative at the Pentagon at a time when we really need it. Pete has been clear: he’s going to be focused on lethality and competence, not on pronouns. And he is going to be the type of person that inspires, that helps us recruit and retain the type of military personnel that we need. We’re in a great deficit right now; that’s about to change when Pete Hegseth becomes our next Secretary of Defense, which he will […] [Pete has] the warfighter’s mentality. He understands what they need, and I think he’s going to be a shot in the arm for the Pentagon. It really is going to be a good, positive move.”
    Hagerty on the Panama Canal: “David, as you well know, Chinese entities have contracts and operate on both ends of the Panama Canal. I don’t think [President] Jimmy Carter ever anticipated this when he gave the Panama Canal away. This is a strategic asset that was built with American dollars and American lives, frankly. And it’s something that we need to take very seriously. I’ve negotiated with President Trump in the past when I was U.S. Ambassador to Japan. He delivered the U.S.-Japan Trade Agreement, the U.S.-Japan Digital Trade Agreement; I was deeply involved in those negotiations. And one of the things I know for sure is [that] you don’t get ahead of the president.”

    MIL OSI USA News

  • MIL-OSI: Brompton Funds Special Year End Distribution Update

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Jan. 24, 2025 (GLOBE NEWSWIRE) — (TSX: KNGC, KNGU, KNGX) – On December 13, 2024, Brompton Funds announced special year end estimated distributions for Brompton Canadian Cash Flow Kings ETF, Brompton U.S. Cash Flow Kings ETF and Brompton International Cash Flow Kings ETF (the “ETFs”). The actual unit distribution amounts were as follows:

      Ticker Amount
    Per Unit
    Brompton Canadian Cash Flow Kings ETF KNGC Cdn$0.73150
    Brompton U.S. Cash Flow Kings ETF KNGU Cdn$0.42257
    Brompton International Cash Flow Kings ETF KNGX Cdn$0.09671
         

    Immediately following the issuance, the units of the ETFs were automatically consolidated and as a result, unitholders hold the same number of units after the distribution as they did before. The adjusted cost base of a unitholder’s units increased by the amount of the distribution reinvested in units as of December 31, 2024.

    About Brompton Funds
    Founded in 2000, Brompton is an experienced investment fund manager with income and growth focused investment solutions including exchange-traded funds (ETFs) and other Toronto Stock Exchange traded investment funds. For further information, please contact your investment advisor, call Brompton’s investor relations line at 416-642-6000 (toll-free at 1-866-642-6001), email info@bromptongroup.com or visit our website at http://www.bromptongroup.com.

    Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded fund investments.  Please read the prospectus before investing.  Exchange-traded funds are not guaranteed, their values change frequently and past performance may not be repeated.

    Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and to other matters identified in public filings relating to the ETFs, to the future outlook of the ETFs and anticipated events or results and may include statements regarding the future financial performance of the ETFs. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

    The MIL Network

  • MIL-OSI Banking: Find out which games won 2024 Xbox Excellence Awards

    Source: Microsoft

    Headline: Find out which games won 2024 Xbox Excellence Awards

    Store Rating Player Engagement Daily Active Users Units Sold
    Balatro Dragon Age: The Veilguard Apex Legends 7 Days to Die
    Banishers: Ghosts of New Eden Dragon’s Dogma 2 Call of Duty: Black Ops 6 Avatar: Frontiers of Pandora
    Botany Manor EA Sports College Football 25 Dead Island 2 Call of Duty: Black Ops 6
    Like a Dragon: Infinite Wealth EA Sports FC 25 Diablo IV: Vessel of Hatred Dragon Age: The Veilguard
    Little Kitty, Big City F1 Manager 2024 EA Sports College Football 25 Dragon Ball: Sparking! Zero
    Lollipop Chainsaw RePop Farming Simulator 25 EA Sports FC 25 Dragon’s Dogma 2
    Metaphor: ReFantazio Final Fantasy XIV: Dawntrail Elden Ring Shadow of the Erdtree EA Sports College Football 25
    Nobody Wants to Die House Flipper 2 Fallout 4 EA Sports FC 25
    Persona 3 Reload Like a Dragon: Infinite Wealth Fortnite EA Sports Madden NFL 25
    Poppy Playtime: Chapter 1, 2, 3 Metaphor: ReFantazio Forza Horizon 5 Farming Simulator 25
    Return to Grace MLB The Show 24 Grand Theft Auto Online Microsoft Flight Simulator 2024
    Rounds NBA 2K25 Indiana Jones and the Great Circle MLB The Show 24
    Senua’s Saga: Hellblade II New World: Aeternum Marvel Rivals NBA 2K25
    Shin Megami Tensei V: Vengeance NHL 25 Minecraft NHL 25
    Sonic x Shadow Generations Path of Exile 2 MLB The Show 24 Palworld
    Still Wakes the Deep Shin Megami Tensei V: Vengeance Palworld Phasmophobia
    The Lord of the Rings: Return to Moria Skull and Bones Roblox Star Wars Outlaws
    The Outlast Trials Star Wars Outlaws Rocket League The Lord of the Rings: Return to Moria
    Unicorn Overlord Warhammer 40,000: Space Marine 2 S.T.A.L.K.E.R. 2 Heart of Chornobyl Warhammer 40,000: Space Marine 2
    Warhammer 40,000: Space Marine 2 WWE 2K24 Tom Clancy’s Rainbow Six Siege WWE 2K24

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: North West trunk road network ready for Storm Eowyn

    Source: Scotland – Highland Council

    The Met Office has issued a red weather warning for wind affecting most of central and southern Scotland from 10am until 5pm today, Friday 24 January. This means very dangerous conditions and significant disruption, particularly in coastal areas.

    Police Scotland are advising the public not to travel in, or to, the areas affected by the red warning during the period of the weather.

    Transport Scotland’s operating company BEAR Scotland is mobilised and ready to deal with whatever Storm Éowyn brings to North West Scotland’s trunk roads, where safe to do so.

    All road works that were scheduled today have been postponed and new programme dates will be shared in due course.

    Ian Stewart, BEAR Scotland’s North West representative, said: “Conditions are expected to be hazardous across the network and Police Scotland have issued a warning not to travel to the areas affected by the red weather warning. We urge the public to pay close attention to weather warnings and comply with police advice to avoid travel during the storm.

    “Our teams will be fully mobilised to respond to and deal with any issues that arise on the trunk road network, such as fallen trees, flooding or bridge closures.”

    A video explaining how BEAR Scotland monitors and prepares for storms can be viewed here: https://youtu.be/ffmNM1HxX2Y

    Live traffic information is available from Traffic Scotland at http://www.traffic.gov.scot or on X at @trafficscotland.

    24 Jan 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: An open letter to the Minister for Public Finance

    Source: Scotland – City of Edinburgh

    The Council Leader has formally written to the Scottish Government to declare Edinburgh’s intention to launch a Visitor Levy.

    Writing today (24 January) following the Council’s decision to introduce a Visitor Levy scheme, Council Leader Jane Meagher addresses the Minister for Public Finance, Ivan McKee.

    The letter states:

    Dear Minister for Public Finance,

    I am writing to formally declare Edinburgh’s intention to introduce a Visitor Levy scheme.

    A full public consultation period was carried out from 23 September 2024 – 15 December 2024, with the results published in a report with the final recommended scheme.

    During a Council meeting today, the details of our Scheme were agreed and will see a levy in place from 24 July 2026, applying to all bookings made on and after 1 October 2025. The full final scheme is available on our website.

    The overarching aim of the scheme and the reason for us to agree to proceed with it is to sustain Edinburgh’s status as one of the world’s greatest cultural and heritage cities and to ensure that the impacts of a successful visitor economy are managed effectively and in support of the priorities as set out in the Council’s Business Plan.

    I would like to thank you and the work of the Visitor Levy (Scotland) Bill team. In advancing the legislation, the Scottish Government is giving Councils greater financial responsibility and strengthening local democracy.

    I am immensely proud that Edinburgh becomes the first city in Scotland to declare a levy. We were named Europe’s leading sustainable destination 2023 by the World Travel Awards and Edinburgh continues to be a world class destination with around 4 million visitors a year and a growing economy.

    The visitor levy will help boost the tourism industry with funds re-invested back into local facilities and services that will support the sustainable growth of the visitor economy. This new source of funding is urgently needed to sustain local services and spaces used by visitors and locals alike.

    I look forward to continued working between the City of Edinburgh Council and the Scottish Government as we enter the implementation period.

    Yours sincerely

    Jane Meagher

    Leader of the City of Edinburgh Council

    Published: January 24th 2025

    MIL OSI United Kingdom

  • MIL-OSI: BitMart Celebrates the Year of the Snake with 300,000 USDT in Rewards

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles , Jan. 24, 2025 (GLOBE NEWSWIRE) — Today, BitMart, the leading global cryptocurrency exchange, is thrilled to announce the Year of the Snake Campaign, featuring a 300,000 USDT prize pool in random tokens. From January 21, 2025, to February 11, 2025, users can participate in exciting activities and claim their share of rewards across trading, referrals, social media, and more.

    Event Highlights:

    Trading Competition – 100,000 USDT in Prizes
    Compete based on total trading volume and win big! The top 50 traders will receive rewards, with the 1st place winner taking home 10,000 USDT.

    New User Rewards – 50,000 USDT Giveaway
    Register and trade 300 USDT to earn 10-20 USDT in random tokens. Limited availability – first come, first served!

    Invite & Earn – 50,000 USDT Reward Pool
    Invite friends to trade and earn 3-5 USDT per referral. The top 10 inviters will receive exclusive airdrops.

    Daily Trading Rewards – 60,000 USDT Up for Grabs
    Trade at least 100 USDT daily to unlock 3-5 USDT daily rewards. Don’t miss your chance to earn every day.

    Social Media Airdrops – 30,000 USDT Bonus
    Follow, retweet, and tag friends to share 20,000 USDT, plus an additional 10,000 USDT in exclusive airdrops from projects like Mantle Network (MNT), Artela (ART), and more.

    BitMart AMA – 10,000 USDT in Prizes 
    Join BitMart’s AMA session, ask questions, and earn participation rewards.
    How to Participate:
    Get started by visiting the BitMart Year of the Snake Campaign Pagehttps://www.bitmart.com/activity/YearofSnake/en-US.
    Promotion Period:
    January 21, 2025, 04:00 AM UTC – February 11, 2025, 04:00 AM UTC
    BitMart continues to empower its global community with rewarding opportunities and innovative trading experiences. Join the celebration and make this Lunar New Year one to remember!
    About BitMart
    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,600+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit their Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

    The MIL Network

  • MIL-OSI Europe: Text adopted – Russia’s disinformation and historical falsification to justify its war of aggression against Ukraine – P10_TA(2025)0006 – Thursday, 23 January 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on Russia’s war of aggression against Ukraine,

    –  having regard to its previous resolutions on historical remembrance,

    –  having regard to the Charter of the United Nations,

    –  having regard to the Rome Statute of the International Criminal Court (ICC),

    –  having regard to the Geneva Conventions,

    –  having regard to Rule 136(2) and (4) of its Rules of Procedure,

    A.  whereas on 24 February 2022, the Russian regime declared the start of a ‘special military operation’ in Ukraine based on false claims that it needed to protect civilians;

    B.  whereas, in fact, since 24 February 2022 the Russian Federation has been waging an unprovoked, unjustified and illegal war of aggression against Ukraine, in continuation of previous aggressions since 2014, and continues to persistently violate the principles of the UN Charter through its aggressive actions against the sovereignty, independence and territorial integrity of Ukraine and to blatantly and grossly violate international humanitarian law, as established by the Geneva Conventions of 1949, in particular through the massive use of targeted attacks against the civilian population, residential areas and civilian infrastructure;

    C.  whereas the UN General Assembly, in its resolution of 2 March 2022, immediately qualified Russia’s war against Ukraine as an act of aggression in violation of Article 2(4) of the UN Charter, and, in its resolution of 14 November 2022, it recognised the need to hold the Russian Federation accountable for its war of aggression, as well as legally and financially responsible for its internationally wrongful acts, and that Russia should pay reparations for the injuries and damage caused;

    D.  whereas Russia’s aggression against Ukraine is not an isolated act but a continuation of its imperialistic policy, which has included a war against Chechnya and military aggression against Georgia in 2008, and the occupation of Crimea and the start of a war in the Donbas in 2014;

    E.  whereas the start of Russia’s full-scale war of aggression against neighbouring Ukraine was preceded by several public declarations by the president of the Russian Federation seeking to justify its use of force by means of historical revisionism, false claims and illegitimate demands for the recognition of its exclusive interests in Ukraine and other neighbouring countries;

    F.  whereas the Russian regime has been making widespread use of disinformation, including based on distorted historical arguments, and foreign information manipulation and interference in an attempt to justify its crime of aggression, to incite the Russian population to support its illegal regime and illegal war of aggression against neighbouring Ukraine, to interfere in the democratic processes of other countries and to reduce support among their populations for continued international assistance and support for Ukraine against Russia’s war of aggression; whereas the Russian regime denies Ukraine’s distinct national identity, falsely claiming it as part of the Russian world (‘Russkiy mir’), a narrative rooted in imperialistic ideology; whereas Russia is demolishing Holodomor memorials and restoring demolished monuments to Lenin in the occupied territories of Ukraine;

    G.  whereas Russia has not only failed to acknowledge the unforgivable initial role of the Soviet Union in the early stages of World War II, for example through the 1939 Treaty of Non-Aggression between Nazi Germany and the Union of Soviet Socialist Republics (Soviet Union) and its secrets protocols, commonly referred to as the Molotov-Ribbentrop Pact of 1939, in which both totalitarian regimes conspired to divide Europe into exclusive spheres of influence, and failed to assume its responsibility for the many atrocities and mass crimes committed in territories occupied by the Soviet Union, but the current Russian regime has also instrumentalised history and created a cult of ‘victory’ around World War II to ideologically mobilise citizens and manipulate them into supporting an illegal war of aggression;

    H.  whereas Russia has developed a growing disinformation campaign of historical revisionism for the purpose of denying Ukraine its national identity, statehood and very existence, and with the aim of justifying its claims to exclusive spheres of influence, which is reminiscent of how the Soviet Union agreed with Nazi Germany to invade and occupy parts of Poland and Romania as well as Estonia, Latvia, Lithuania and Ukraine in the Molotov-Ribbentrop Pact; whereas today, Russia poses a particular threat to Poland and the Baltic States and their sovereignty through this type of historical revisionism;

    I.  whereas Victory Day, celebrated annually on 9 May, has been turned by the current Russian regime into a tool of war propaganda in Russia, by exploiting the narrative of the ‘liberation of Europe from Nazism’ and thus ignoring the subsequent Soviet occupation of the Baltic States and the subjugation of central Europe; whereas this narrative of liberation from Nazism is being used today in Russia’s war of aggression against Ukraine;

    J.  whereas in some Member States, communist symbols, as well as the symbols of the ongoing Russian aggression, are prohibited by law; whereas since 2009, 23 August has been commemorated across the EU as the European Day of Remembrance for Victims of all Totalitarian and Authoritarian Regimes; whereas since 2003, Parliament has held an annual commemoration for the victims of mass Soviet deportations;

    1.  Reiterates its condemnation, in the strongest possible terms, of Russia’s unprovoked, illegal and unjustified war of aggression against Ukraine; calls on Russia to immediately terminate all military activities in Ukraine and to completely and unconditionally withdraw all forces, proxies and military equipment from the entire internationally recognised territory of Ukraine, to end its forced deportations of Ukrainian civilians and to release all detained and deported Ukrainians, particularly children;

    2.  Rejects the various claims made by the Russian regime as futile attempts to justify an illegal war of aggression that constitutes a blatant violation of the UN Charter and of the responsibility of the Russian Federation as a permanent member of the UN Security Council to maintain peace and stability and that was immediately recognised as such by the other permanent members of the UN Security Council, along with an overwhelming majority of the UN General Assembly; recalls that no consideration of whatever nature, whether political, economic, military, historic or otherwise, may serve as a justification for Russia’s aggression against Ukraine;

    3.  Condemns the Russian regime’s systematic falsification and use of distorted historical arguments, such as those related to the Molotov-Ribbentrop Pact, in its attempt to manipulate Russian public opinion into supporting criminal actions such as the illegal war of aggression against neighbouring Ukraine, to undermine international support and assistance for Ukraine and to erase Ukraine’s distinct cultural and historical identity; denounces Russia’s claim that it is entitled to zones of exclusive interest at the expense of the sovereignty and territorial integrity of other states as incompatible with international law;

    4.  Condemns the Russian Federation’s failure to establish accountability for Soviet crimes and its deliberate obstruction of historical research by denying access to and closing Soviet archives, as well as the fact that it has enacted legislation criminalising the truthful portrayal of Soviet and Russian crimes and persecuted civil society organisations investigating Soviet crimes, and has glorified Stalinist totalitarianism and re-created its methods; maintains that impunity and the lack of factually accurate historical and public debate and education has contributed to the current Russian regime’s ability to revive imperialist policies and instrumentalise history for its criminal purposes; condemns the persecution of civil society organisations investigating Soviet crimes or the crimes of the current regime, including the liquidation of International Memorial, the Memorial Human Rights Defence Centre, and the Moscow Helsinki Group, as well as the forced closure of the Sakharov Centre;

    5.  Recalls that the deliberate attacks of the Russian Federation on the civilian population of Ukraine, the destruction of civilian infrastructure, the use of torture, sexual violence and rape as weapons of war, the deportation of thousands of Ukrainian citizens to the territory of the Russian Federation, the forced transfer and adoption of Ukrainian children, and other serious violations of international humanitarian law and human rights constitute war crimes for which all perpetrators must be held accountable;

    6.  Reiterates, therefore, its full support for the ongoing investigation by the Prosecutor of the ICC into the situation in Ukraine based on alleged war crimes, crimes against humanity and genocide; welcomes Ukraine’s formal accession to the ICC as of 1 January 2025 as an important contribution to international efforts to establish accountability for serious international crimes; calls for the EU to make further diplomatic efforts to encourage the ratification of the Rome Statute and all its amendments globally;

    7.  Furthermore also reiterates its call for the establishment of a special tribunal to investigate and prosecute the crime of aggression committed by the leadership of the Russian Federation against Ukraine; reiterates its call on the Commission, the Council and the European External Action Service to provide all political, financial and practical support necessary for the establishment of a special tribunal; expresses its full support for the International Centre for the Prosecution of the Crime of Aggression in Ukraine, based in The Hague and supporting the ongoing efforts of the Joint Investigation Team, as a first concrete step towards the establishment of the special tribunal;

    8.  Calls strongly for the EU and its Member States to further increase and coordinate their efforts, including with like-minded partners, to promptly and rigorously counter Russian disinformation and foreign information manipulation and interference in order to protect the integrity of their democratic processes and strengthen the resilience of European societies, inter alia by actively promoting media literacy and by supporting quality media and professional journalism, in particular investigative journalism that uncovers Russian propaganda, its methods and networks, and by supporting research into new hybrid influence technologies;

    9.  Calls for the EU to expand its sanctions against Russian media outlets conducting disinformation and information manipulation campaigns supporting and justifying Russia’s war of aggression against Ukraine and calls on the Member States to swiftly and thoroughly implement these sanctions and to dedicate sufficient resources to effectively addressing this hybrid warfare; calls for the EU and the Member States to step up their support for the independent Russian media in exile in order to enable diverse voices in the Russian-language media;

    10.  Expresses deep concern about the recent announcements from social media companies’ leadership concerning relaxing their rules on fact-checking and moderation and how this will further enable Russia’s disinformation campaign around the world; calls on the Commission and the Member States to strictly enforce the Digital Services Act in response to these announcements by Meta and earlier by X, including as an important part of the fight against Russian disinformation;

    11.  Calls on EU citizens to critically evaluate information by questioning its origins and intentions, particularly when it pertains to narratives linked to Russia, and to crosscheck facts using diverse and reliable sources to resist attempts at manipulation by foreign malign actors;

    12.  Condemns Moscow’s exploitation of Orthodox religion for geopolitical purposes, notably through the instrumentalisation of the Russian Orthodox Church (Moscow Patriarchate) as a tool to influence and exert control over Orthodox populations in Ukraine, Georgia, Moldova, Serbia and other countries;

    13.  Responds to the statement of the Verkhovna Rada of Ukraine of 2 May 2023 on the ideology of ‘Ruscism’ by condemning the nationalist imperialist ideology, policy and practices of the current Russian regime; stresses the incompatibility of this ideology and policy and these practices with international law and European values;

    14.  Believes that Russia’s attempts to misrepresent, revise and distort the history of Ukraine undermine the collective memory and identity of Europe as a whole and represent a threat to historical truth, democratic values and peace in Europe; calls on the Member States, therefore, to invest more in education on and research into the common history of Europe and European remembrance, and to support projects that promote a better understanding of the impact of the division of Europe during the Cold War; expresses its support for the building of a pan-European memorial in Brussels for the victims of the 20th century totalitarian regimes; regrets the continued use of symbols of totalitarian regimes in public spaces and calls for an EU-wide ban on the use of both Nazi and Soviet communist symbols as well as symbols of Russia’s ongoing aggression against Ukraine;

    15.  Expresses its wish for the EU and its Member States to promote better knowledge and understanding of the human suffering of Europeans inflicted by the Soviet regime during the 20th century; in this respect, calls for remembrance and respect for the victims of Soviet crimes, such as the mass deportations, including of the Crimean Tatar people and from the Baltic countries, the Gulag system, the Holodomor, massacres such as the Katyn massacre, and the Upper Silesian tragedy;

    16.  Instructs its President to forward this resolution to the Vice-President of the Commission / High Representative of the Union for Foreign Affairs and Security Policy, the Council, the Commission, the governments and parliaments of the Member States, the Council of Europe, the Organization for Security and Co-operation in Europe, the President, Government and Parliament of Ukraine, and the Russian institutions.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Housing crisis in the European Union – E-002099/2024(ASW)

    Source: European Parliament

    To address the housing crisis and promote more affordable and sustainable housing in the EU, the Commission will launch the first-ever European Affordable Housing Plan.

    The plan will offer technical assistance to cities and Member States, focus on investment and skills needed and support the construction sector.

    To promote investments in affordable and sustainable housing, the Commission will set up, together with the European Investment Bank, a pan-European investment platform.

    The Commission will work closely with international financial institutions, national promotional banks and institutions and other stakeholders in this work.

    The European Social Fund Plus (ESF+) and the European Regional Development Fund (ERDF) can support Member States in implementing principle 19 of the European Pillar of Social Rights ‘Housing and assistance for homeless people’.

    While ESF+ actions can include integrated support services for access to housing, including social housing, the ERDF focuses on the provision and improvement of physical housing infrastructure, including through energy efficiency measures.

    Moreover, Cohesion policy offers possibilities to use ESF+ and ERDF for housing initiatives in an integrated manner, addressing both the infrastructure and services dimensions.

    Young people often struggle to afford housing. ESF+ provides targeted support for the youth through programs combining housing assistance with employment or education opportunities, addressing multiple needs to foster independence.

    The existing EU legislative framework, notably initiatives of the Fit for 55 package, sets policies and measures contributing to affordable and sustainable housing. Its implementation is key and will be a priority.

    MIL OSI Europe News