Category: Business

  • MIL-OSI Europe: Press release – Package travel: better protection against bankruptcy and unforeseen events

    Source: European Parliament

    On Thursday, the Consumer Protection Committee adopted updated rules on package travel to clarify the rights of travellers when their journey is affected by unforeseen circumstances.

    The Internal Market and Consumer Protection Committee (IMCO) adopted its position on a revision of the EU package travel directive to enhance protection for travellers when a tour organiser goes bankrupt or unforeseen circumstances disrupt their holiday plans. The COVID-19 pandemic and the insolvency of Thomas Cook revealed weaknesses in the current rules.

    Refund rights, insolvency protection and information requirements

    MEPs backed the Commission proposal to clarify existing provisions to ensure travellers get a refund for pre-payments and services that have not yet been provided, as well as repatriation help, when their travel organiser goes bankrupt. The updated directive would clarify what counts as a travel package and list the kind of information to be provided to travellers before, during and after their trip.

    Use of vouchers

    The committee also agreed on new provisions to ensure consumers can refuse vouchers and instead choose to request a refund within 14 days. When a traveller accepts a voucher but does not use it, the unused worth of it should be paid back to the traveller when it expires. Vouchers should be valid for up to 12 months and extendable or transferable once. The traveller should also be able to choose whether to use it in one go or in parts.

    Vouchers should be covered by insolvency guarantees and their value would have to correspond at least to the amount of the refund to which a traveller is entitled. Voucher holders should also have priority when choosing travel services, and be able to spend it on any travel service offered by the organiser.

    Grounds for cancelling the trip

    The updated directive clarifies the conditions for cancelling a trip. MEPs want to ensure that if unavoidable and extraordinary circumstances arise at the travel destination or departure point before a trip, or affect the journey, travellers should be able to cancel without penalty and with a full refund. A traveller’s place of residence should not be relevant, MEPs argue.

    Whether a cancellation is justifiable should be assessed on a case-by-case basis. However, MEPs say that official travel warnings issued up to 28 days before the scheduled departure should become important elements to be taken into account.

    Level of pre-payments

    MEPs have scrapped the Commission’s proposal that travel companies may not require a down-payment greater than 25% of the total package cost from the client until 28 days before the start of the travel, leaving this decision to individual member states.

    Quote

    Author of the report Alex Agius Saliba (S&D, MT) said after the vote: “These new rules for package travel update the protection of travellers with lessons learned from the COVID-19 pandemic. We want to make sure travellers are protected when booking a package deal. We are setting rules for vouchers, and giving consumers the right to cancel a package when extraordinary circumstances apply. A complaint handling mechanism with clear deadlines for travel operators to respond will make sure travellers can enforce their rights.”

    Next steps

    The draft position, adopted with 35 votes for, 1 against and 4 abstentions, will go to Parliament’s plenary for a debate and vote, probably in September. Once the plenary adopts its negotiating mandate, talks on the final shape of the law with the EU Council, who adopted its position in December 2024, can start.

    MIL OSI Europe News

  • MIL-OSI Europe: France: Gatewatcher secures €25 million EIB investment to accelerate growth and reinforce European cyber resilience

    Source: European Investment Bank

    • The EIB is backing Gatewatcher’s ambition to strengthen Europe’s technological sovereignty.
    • The French firm, recently named the only “Visionary” in the Gartner® Magic Quadrant for network detection and response (NDR), will use the funding to boost innovation and continue to expand internationally.
    • This transaction is part of the EIB Group’s ever-stronger commitment to security and defence, as reaffirmed by the Board of Governors at their annual meeting on 20 June.  

    Marking its largest venture debt investment in cybersecurity to date, the European Investment Bank (EIB) has granted a €25 million financing facility to Gatewatcher, a French company recognised as a European leader in cyber threat detection. Gatewatcher has developed an advanced network detection and response (NDR) platform that combines artificial intelligence and threat intelligence to deliver real-time visibility across all digital environments. The funds will accelerate the development of Gatewatcher’s advanced detection technologies and support its international expansion in a context of rising cyber threats and renewed focus on European autonomy.

    EIB Vice-President Ambroise Fayolle said: “Cybersecurity is a strategic sector within the defence industry. Having the capability to prevent cyberattacks, safeguard the integrity of infrastructure and data, and identify those responsible for attacks is now imperative for Europe’s security and the competitiveness of our economies. We are therefore proud to support the development of a company like Gatewatcher, which is fully dedicated to cybersecurity and whose results are already promising. The project is also fully in line with the EIB’s new strategy to finance the European security and defence sector.”

    “This investment is a strong signal of trust from a major European institution. It represents a shared commitment to building a secure, digital future,” said CEO and founder of Gatewatcher Jacques de La Rivière. “This financing allows us to pursue our innovation efforts for our clients and partners, while accelerating the market launch of our latest AI solution. Our ambition is clear: to bring cutting-edge threat detection technologies to the broadest possible market, while contributing to the emergence of a robust European cybersecurity industry. This next phase of growth is first and foremost a collective one, driven by our teams and guided by a sense of responsibility to our ecosystem.”

    The financing comes as Gatewatcher marks its tenth anniversary and continues to scale across Europe, Middle East, Asia and Africa. A pioneer in large-scale fundraising within the European cybersecurity sector, Gatewatcher is confirming its long-term vision, strategic independence and strength in a fiercely competitive global market with this new milestone. Its inclusion as the only fully European vendor, and the sole “Visionary” in the 2024 Gartner® Magic Quadrant for network detection and response further confirms its role as a key player in Europe’s cyber defence ecosystem. Today, Gatewatcher’s technologies protect hundreds of public and private organisations, including critical infrastructure operators, governments and enterprises.

    For the EIB Group, this transaction confirms its commitment to security and defence, just a few days after the Bank’s annual Board of Governors meeting on 20 June, where the 27 EU Member States approved the plan to increase the financing volume for 2025 to an unprecedented level of up to €100 billion. This revised ceiling will notably enable 3.5% of total financing to be dedicated to European security and defence. Further information on the EIB Group’s financing of security and defence projects is available here.

    Background information

    About EIB:

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives. The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security. In France, the EIB Group signed more than 100 operations in 2024 for a total amount of €12.6 billion, which made it possible to mobilise €62 billion in investments in the real economy. Nearly 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation and adaptation.

    About Gatewatcher:

    Gatewatcher, a leader in cyber threat detection, has been protecting the networks of businesses and public institutions, including the most critical ones, since 2015. The Gatewatcher NDR Platform (network detection and response) combines artificial intelligence, dynamic and behavioural analytics techniques, and contextualised cyber threat intelligence (CTI). This enables unified, comprehensive visibility, real-time detection and mapping of systems, and an automated, prioritised response to attacks. Deployed across cloud, on-premise or sensitive infrastructure, and compatible with information technology, operational technology and internet of things environments, it secures all critical assets while streamlining operations through its integrated AI assistant. Gatewatcher combines technological power with operational peace of mind to align cybersecurity with your business objectives. 

    MIL OSI Europe News

  • MIL-OSI Europe: Where climate change and your energy bills meet

    Source: European Investment Bank

    In 2020, the European Investment Bank signed a €20 million loan to help the Polish city of Szczecin build and refurbish residential buildings for energy efficiency and comfort. This project is part of larger urban regeneration programme in the historic part of the city that limits vehicle traffic, encourages cycling and aims to attract more retailers.

    Grażyna Szotkowska, president of the board for one of two housing agencies in Szczecin that used some of the funding from this loan, says the city is a leader in cutting emissions in housing. That’s because many of its big residential buildings are connected to the city’s central heating, rather than having small boilers in every apartment.

    “We also are adding thick layers of insulation to many social housing buildings,” Szotkowska says. “Most importantly, they are getting triple-glazed windows, which are highly efficient in terms of energy loss but also block road noise. Better insulation and windows also mean lower energy consumption, which reduces the costs for the tenants.”

    Lower expenses for homeowners, tenants and building owners is a topic energy experts always mention.

    “Energy improvements are one of the main advantages of housing upgrades, as they help reduce energy bills for households while also cutting carbon emissions,” says Gladys Sevilla, an EIB loan officer who works on housing projects.

    In other words, governments may like energy efficiency because it cuts carbon emissions or because it reduces the need to build new homes to beat the housing crisis. Residents like energy efficiency because it saves them money and increases the value of their homes.

    MIL OSI Europe News

  • EU leaders meet to decide on whether to back quick US trade deal or seek better terms

    Source: Government of India

    Source: Government of India (4)

    European Union leaders are to tell the European Commission on Thursday whether they want to reach a quick trade agreement with the United States on terms that favour Washington or keep fighting for a better deal.

    A quick deal seems to be the preferred option for most, officials and diplomats said, as the EU can then seek to address the unfavourable bias with some rebalancing measures of its own.

    “I support the Commission, I support the President of the European Commission in her endeavours to make progress on competitiveness. I also support the European Commission in all its endeavours to reach a trade agreement with the USA quickly,” German Chancellor Friedrich Merz said.

    “I want us to get Mercosur off the ground and conclude further trade agreements. Europe is facing decisive weeks and months,” he said.

    The Commission, which negotiates trade agreements on behalf of the EU, will ask leaders of the EU’s 27 members meeting in Brussels how they want to respond to President Donald Trump’s July 9 deadline for a deal, now less than two weeks away.

    The bloc has said it is striving for a mutually beneficial agreement, but as Washington looks set to stick to its 10% across-the board tariffs on most EU goods and threatening higher rates with prolonged talks, EU diplomats said a growing number of EU countries were now favouring a quick resolution.

    “A trade war makes both sides of the Atlantic poorer and is just stupid. So I support the approach of the Commission president, who always kept calm and has negotiated for a result,” said Belgian Prime Minister Bart De Wever.

    “If that were to end in one-sided and unfair tariffs then we have to take proportionate and very targeted countermeasures.”

    The bloc is already facing U.S. import tariffs of 50% on its steel and aluminium, 25% for cars and car parts, along with a 10% tariff on most other EU goods, which Trump has threatened could rise to 50% without an agreement.

    The United States’ only completed trade deal to date is with Britain, with the broad 10% tariff still in place. U.S. officials say it will not go lower for any trading partner.

    Some 23 of the leaders will come to Brussels straight from the NATO summit in the Hague. Few will want to follow accord there with an economic war.

    “There is a group of EU countries that want to protect companies by seemingly accepting something they have gotten used to – a 10% baseline,” one EU diplomat said.

    REBALANCING MEASURES

    One question EU leaders face is whether it should respond with its own measures to such a baseline tariff.

    The European Union has agreed, but not imposed, tariffs on 21 billion euros of U.S. goods and is debating a further package of tariffs on up to 95 billion euros of U.S. imports. Some EU countries favour watering it down.

    Among the EU rebalancing options is a tax on digital advertising, which would hit U.S. giants like Alphabet Inc’s Google, Meta, Apple, X or Microsoft and eat into the trade surplus in services the U.S. has with the EU. The bloc has a trade surplus with the U.S. in goods.

    The Commission has proposed an EU-U.S. deal to cut respective tariffs on industrial goods to zero, along with potential further EU purchases of liquefied natural gas and soybeans.

    Washington has shown little obvious interest, preferring to highlight items it considers as barriers, such as EU value-added tax, environmental standards and rules on online platforms, on which the EU does not want to move.

    On the sidelines of the summit, EU leaders will also seek to allay the concerns of Slovakia and Hungary over ending their access to Russian gas as foreseen by the EU’s plan to phase out all Russian gas imports by the end of 2027.

    EU diplomats said EU leaders’ assurances over gas should allow the two countries to back the EU’s 18th package of sanctions against Russia, which they are now blocking.

    Before the start of the summit however, Slovakia’s Prime Minister Robert Fico said he would demand a delay in voting for the sanctions until Slovak concerns were addressed.

    (Reuters)

  • MIL-OSI Asia-Pac: Director General David Wu and Mrs. Wu Attended the Inauguration of the 20th Board of Taiwanese Chamber of Commerce in Australia

    Source: Republic of China Taiwan

    Director General David Wu and Mrs. Wu were honored to attend the inauguration of the 20th Board of Taiwanese Chamber of Commerce in Australia. On behalf of OCAC Minister Hsu Chia-ching, DG Wu presented a congratulatory letter to Peter Huang, newly elected President of TCCA, and a certificate of appreciation to outgoing President Michael Wu for his outstanding leadership and innovation.
    Nearly 200 distinguished guests gathered to celebrate TCCA’s achievements and future, including NSW Shadow Assistant Minister for the Arts, Innovation, Digital Government and the 24-Hour Economy Hon. Jacqui Munro MLC, Hon. Rachel Merton MLC, Monica Tudehope MP, Mayor of Ryde Trenton Brown, Brisbane City Councillor James Huang, Ku-ring-gai Councillor Barbara Ward, Taiwanese Chambers of Commerce in Oceania President Frank Chang, as well as leaders from the broad overseas Taiwanese community.
    Director General Wu praised President Michael Wu for his leadership in driving innovation within TCCA, and expressed confidence that incoming President Peter Huang will further strengthen cross-community ties, promote Taiwanese culture, and lead the chamber to new milestones.
    DG Wu also conveyed ROC (Taiwan) President Lai Ching-te’s warm regards and appreciation to the Taiwanese community in Sydney. He reaffirmed the government’s continued support for overseas Taiwanese businesses, noting that in Taiwan’s pursuit of an FTA with Australia and its accession to the CPTPP, TCCA can play a meaningful role in advancing these efforts, which aim to deliver broader economic and strategic benefits to all member economies.
    A highlight of the ceremony was a lively animation co-produced by TCCA and TECO Sydney, explaining Taiwan’s CPTPP bid and calling for support from Australia and other member economies. We were also glad to see community leaders from New Zealand, Thailand, Queensland, and Western Australia—showing the strong cross-regional ties of the global Taiwanese community.

    MIL OSI Asia Pacific News

  • MIL-OSI Security: NATO concludes historic Summit in The Hague

    Source: NATO

    On Wednesday (25 June 2025), NATO concluded a historic Summit in The Hague. Allies reached a decision to invest 5% of GDP in defence – laying the foundation for a strong, united NATO in the years to come – and reaffirming their continued support to Ukraine.

    Leaders came together for a series of events around the NATO Summit in The Hague on 24-25 June. 

    On Tuesday, the Secretary General spoke at the NATO Public Forum – a conference that lasted two days and provided in-person and online audiences with an opportunity to dive into the decisions being made at the Summit, as well as other topics on which NATO is engaged. NATO also hosted a Summit Defence Industry Forum on the 24th that brought together political and military leaders, as well as industry, to advance efforts to boost defence industrial production across the Alliance. 

    On Tuesday evening, the Dutch King Willem-Alexander and Queen Maxima hosted a social dinner for the leaders gathered for the Summit at the historic Huis ten Bosch. In parallel, NATO Defence Ministers held a working dinner, as did NATO Foreign Ministers who met, along with Ukrainian Foreign Minister Andrii Sybiha, for a working dinner of the NATO-Ukraine Council.

    At the formal session of NATO Heads of State and Government on Wednesday, Allied leaders adopted a summit declaration that set a new benchmark for defence investment, underlined the importance of ramping up defence industrial production, and affirmed continued support for Ukraine. With The Hague Defence Investment Plan outlined in the statement, Allies commit to investing 5% of GDP in defence – including 3.5% of GDP on core defence requirements and 1.5% on defence- and security-related investments like infrastructure and industry. This marks a major uplift from the previous benchmark of 2% of GDP.

    “Together, Allies have laid the foundations for a stronger, fairer, more lethal NATO,” the Secretary General stated in a closing press conference. “These decisions will have a profound impact on our ability to do what NATO was founded to do – deter and defend.” Highlighting the challenges to Allied security, the Secretary General underscored, “whether from Russia or terrorism, cyberattacks, sabotage or strategic competition – this Alliance is and will remain ready, willing and able to defend every inch of Allied territory,” explaining that the new pledge would “ensure that our one billion people can continue to live in freedom and security.”

    There were also a number of additional meetings held at the NATO Summit including a meeting of the NATO Secretary General, the President of Ukraine, and the Presidents of the European Council and European Commission; a meeting of the NATO Secretary General, the President of Ukraine, the President of France, the German Chancellor, and the Prime Ministers of Italy, Poland, and the United Kingdom; and a meeting between the NATO Secretary General and NATO’s Indo-Pacific partners. 

    The next NATO Summit is planned for 2026 in Türkiye.

    MIL Security OSI

  • MIL-OSI: Golar LNG Limited Announces Pricing of $500 Million of 2.75% Convertible Senior Notes Due 2030 and repurchase of 2.5 million common shares

    Source: GlobeNewswire (MIL-OSI)

    Hamilton, Bermuda, June 26, 2025 – Golar LNG Limited (the “Company”) (NASDAQ: GLNG) announces today the pricing of $500 million aggregate principal amount of its 2.75% Convertible Senior Notes due 2030 (the “Notes”), in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has also granted the initial purchasers of the Notes a 30-day option to purchase up to an additional $75 million aggregate principal amount of the Notes in connection with the offering. The offering is expected to close on June 30, 2025, subject to the satisfaction of certain customary closing conditions.

    The Notes will be senior, unsecured obligations of the Company, bear interest at a rate of 2.75% per annum, payable semi-annually in arrears on June 15 and December 15 of each year, beginning on December 15, 2025, mature on December 15, 2030, and be convertible into the Company’s common shares, cash, or a combination of shares and cash, at the Company’s election. The conversion rate for the Notes will initially equal 17.3834 common shares per $1,000 principal amount of the Notes, which is equivalent to an initial conversion price of approximately $57.53 per common share, representing an initial conversion premium of approximately 40% over the volume-weighted average price of the Company’s common shares of $41.09 on June 25, 2025 and is subject to adjustment upon the occurrence of certain events.

    The Notes will be redeemable, in whole or in part (subject to certain limitations), at our option at any time, and from time to time, on or after December 20, 2028 if the last reported sale price of our common shares has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.

    If we undergo a fundamental change (as defined in the indenture governing the Notes), holders may require us to purchase the Notes in whole or in part for cash at a fundamental change purchase price equal to 100% of the principal amount of the Notes to be purchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change purchase date.

    The Company will use the net proceeds from the sale of the Notes (including any notes sold pursuant to the initial purchasers’ option to purchase addition Notes, if exercised) to repurchase 2.5 million of the Company’s common shares in connection with the offering of the Notes and for general corporate purposes, which may include, among other things, future growth investments including a contemplated fourth FLNG unit, MKII FLNG conversion costs, FLNG Hilli redeployment costs, repaying indebtedness, and funding working capital and capital expenditures.

    IMPORTANT INFORMATION

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale would be unlawful. Any offer of the Notes will be made only by means of a private offering memorandum.

    The Notes and the shares of common stock issuable upon conversion of the Notes have not been, and will not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold absent registration or an applicable exemption from registration requirements under the Securities Act and applicable state securities laws.

    This announcement contains information about a pending transaction and there can be no assurance that this transaction will be completed.

    FORWARD LOOKING STATEMENTS

    This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflect management’s current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as “will,” “may,” “could,” “should,” “would,” “expect,” “plan,” “anticipate,” “intend,” “forecast,” “believe,” “estimate,” “predict,” “propose,” “potential,” “continue,” “subject to” or the negative of these terms and similar expressions are intended to identify such forward-looking statements and include statements related to the proposed offering of the Notes, the terms and conditions, the intended use of proceeds and other non-historical matters.

    These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict and which could cause actual outcomes and results to differ materially from what is expressed or forecasted in such forward-looking statements. Such risks include risks relating to the actual use of proceeds and other risks described in our most recent annual report on Form 20-F filed with the SEC.  You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

    Hamilton, Bermuda
    June 26, 2025

    Investor Questions: +44 207 063 7900
    Karl Fredrik Staubo – CEO
    Eduardo Maranhão – CFO
    Stuart Buchanan – Head of Investor Relations

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    This announcement is not being made in and copies of it may not be distributed or sent into any jurisdiction in which the publication, distribution or release would be unlawful.

    The MIL Network

  • MIL-OSI: MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    In Q1 2025, ly.com reported revenue of RMB 4.377 billion and adjusted net profit of RMB 788 million, marking YoY increases of 13.2% and 41.1%, respectively. Amid a macro recovery marked by YoY growth in both travel volume and consumer spending, ly.com has tapped into the tourism potential of non-first-tier markets, demonstrating strong demand beyond first-tier cities. While consolidating its core OTA business, the company has expanded into air tickets, hotels, and international operations, achieving diversified growth. By integrating AI strategies to drive cost reduction and efficiency, it is accelerating technological transformation and showcasing long-term growth resilience. Looking ahead, the mass-market tourism sector presents substantial upside potential. OTA platforms that can deliver both inclusive accessibility and elevated service quality are well-positioned to capitalize on structural opportunities within the industry.

    I. Operational Performance: Revenue and Profit Growth Driven by Multi-dimensional Expansion and Optimized Business Mix

    In Q1, ly.com reported revenue of RMB 4.377 billion, increased by 13.2% YoY. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached RMB 1.159 billion, while adjusted net profit rose to RMB 788 million, both growing by over 41% YoY. From a business segment perspective, ly.com’s growth is primarily driven by its core services such as accommodation booking and transportation ticketing, along with the expansion of other emerging businesses. This has enabled the company to build a synergistic model of “transportation + accommodation + vacation” and “domestic + international” operations, leading to a more balanced and healthier business structure.

    1.         OTA remains the core revenue driver with significant growth: In Q1, revenue from ly.com’s online travel platform segment grew by 18.4% YoY to RMB 3.792 billion, accounting for approximately 86.6% of total revenue. Among these, accommodation booking services led with a YoY growth rate of 23.3%, while transportation ticketing revenue also rose by 15.2% YoY. This growth was mainly driven by ly.com’s continued efforts in Q1 to diversify and innovate value-added products for flights and hotels, enhance end-to-end service capabilities for mass-market travel, and attract users through strong promotional offers, effectively capturing demand arising from the broader macroeconomic recovery. For instance, multi-section transfer products like “train-to-train” and “air-to-air” connections offered competitive and cost-effective travel solutions, resulting in YoY booking increases of 22% and 44%, respectively.
    2.         Diversified revenue streams expand, though vacation business sees a dip: Other revenues rose 20% YoY in Q1 to RMB 603 million, driven by growth in hotel management services and Property Management System (PMS) operations, emerging as a meaningful contributor to ly.com’s top line. At the macro level, the development and upgrading of mass tourism have driven growing demand for leisure travel, with vacationing becoming a preferred choice for more travelers. Ly.com has responded by launching scenario-based innovations such as small-group and customized tours, effectively unlocking users’ leisure and holiday needs. However, due to safety concerns in Southeast Asia, vacation-related revenue declined by 11.8% YoY in Q1.
    3.         Outbound travel drives performance with strong momentum: In recent years, ly.com has consistently expanded its international business by introducing airport transfer services abroad, launching an international travel booking platform and localized apps, establishing overseas physical stores and customer experience centers, and partnering with global airlines and hotels. These efforts aim to seize the growth opportunities in outbound tourism and enhance the company’s penetration rate in overseas markets. According to the financial report, in Q1 2025, driven by a surge in outbound travel among users from non-first-tier cities, ly.com recorded a YoY increase of over 40% in international air ticket bookings and over 50% in international hotel room nights. Looking ahead, the deeper penetration of outbound travel services in non-first-tier markets is expected to make international air, hotel, and vacation businesses a new engine for driving performance growth.

    II. Business Developments: Focusing on Mass-market Tourism Consumption Demand and Accelerating AI Capabilities

    1.         Deepening Commitment To Mass-market Tourism To Build Scale and Amplify User Value
    With a strategic focus on the mass-market tourism sector, ly.com targets consumers in non-first-tier cities, an audience with vast growth potential. By leveraging high-frequency UV entrances, offering one-stop services across full travel scenarios, and delivering cost-effective products to match the mass-market tourism consumption demand, the company continues to expand its user base and enhance user value. According to its financial report, as of the end of Q1 2025, ly.com had served a cumulative 1.96 billion trips and reached 247 million paying users, both representing over 7% YoY growth. Notably, users from non-first-tier cities accounted for 87% of total registered users, highlighting the success of its penetration strategy in markets in lower-tier cities.

    ①         UV entrances and service scenarios aligned with mass-market tourism consumers: In addition to its proprietary app, ly.com has embedded itself deeply into the WeChat ecosystem, using lightweight applets and high-frequency ticketing demands to reach consumers, to form stable UVs and further penetrate the markets in lower-tier cities. In Q1, ly.com continued to optimize operational efficiency within WeChat ecosystem; Between January and April, its “City Pass” WeChat applet expanded into Beijing and Guangzhou, covering urban transit scenarios. Through applet channels and City Pass business integration, ly.com further diversified its UV entrances and ecosystem touchpoints. According to MoonFox Data, WeChat applets maintain a leading share within ly.com’s overall UV landscape.

    ②         Supply chain integration enhances one-stop & cost-effective offerings: Through upstream and downstream supply chain integration, ly.com has extended its reach across the entire travel ecosystem, leveraging innovation and synergy to drive user engagement. By continuously enriching its “Air Travel +” product portfolio, the company has expanded its service coverage and strengthened price competitiveness to boost user spending and repeat purchases. In Q1 2025, ly.com partnered with multiple global airlines, airports, and international hotel groups such as Marriott and Hilton, further building its supply chain advantage in outbound tourism and helping reduce travel costs for users. On April 17, ly.com announced the acquisition of 100% equity in Wanda Hotel Management Co. Limited. The move is expected to “complement” its high-end hotel brand portfolio through Wanda’s brand matrix and resource base, enhancing its competitiveness in the hotel management sector.
    ③         Inclusive services and membership program drive user retention: In January 2025, ly.com partnered with several domestic airports to launch the “Worry-free First Trip” initiative, which officially rolled out to all users in mid-March. Designed to reduce travel barriers for elderly, students, and foreign travelers, the program supports new user acquisition and paid user growth. Meanwhile, the company upgraded its Black Card membership system, adding over 50 new benefits such as free hotel cancellation/modification and full-point redemption for room bookings. These enhancements are intended to boost loyalty among high-value users and better meet the rising demand for premium travel from non-first-tier markets, capitalizing on the consumption upgrade trend in mass-market tourism.
    2. Deep Integration with DeepSeek to Advance AI-Powered Efficiency and Experience
    On February 28, ly.com announced that its proprietary large vertical large model for the travel industry, “Chengxin”, would be fully integrated with DeepSeek. In March, the company launched an upgraded version, Chengxin AI, alongside DeepTrip, an AI agent that delivers real-time travel planning and booking services. This intelligent system understands user intent, inspires travel ideas, and dynamically generates personalized itineraries and booking options, creating an intelligent one-stop service flow of “travel need → personalized plan → product consumption”. Since its launch in December 2024, Chengxin AI has already served over 200,000 users. Its integration with DeepSeek is expected to further enhance user decision-making efficiency and elevate the smart travel experience. Looking ahead, ly.com plans to embed DeepTrip across its major booking scenarios, which is likely to increase the effectiveness of its cross-selling strategies.
    AI also brings broader operational value. By leveraging AI technology, ly.com has reduced labor costs by 20% and significantly improved operational efficiency. On the B2B side, it exports AI capabilities via its intelligent hotel solutions, enabling hospitality partners to lower costs and expand digital empowerment boundaries.
    III. Strategic Insights: Growth Trajectories for OTA Platforms Amid the “Mass Tourism” Trend
    According to data from the Ministry of Culture and Tourism, domestic travel in China reached 1.794 billion trips in Q1 2025, with total travel-related spending hitting RMB 1.80 trillion, increased by 26.4% and 18.6% YoY, respectively. Residents in non-first-tier cities represent a massive consumer base, and with room to improve in both online OTA conversion rates and average revenue per user (ARPU), this demographic is expected to unleash long-term growth potential as travel frequency and spending power continue to rise, injecting both UVs and value into the industry.

    At present, mass-market tourism consumption is undergoing segmentation and diversification. A wide array of consumer groups is seeking differentiated, immersive travel experiences, where high quality and high cost-effectiveness coexist. In this context, OTA platforms must focus on customer segmentation and industry chain integration. According to iMarketing of MoonFox Data, as of April 2025, users aged 46 and above and those 25 years and younger accounted for 28% and 22.7%, respectively, of all installed users across online travel platform apps, making them key contributors to tourism consumption. To better serve these audiences, OTAs must develop differentiated services and content ecosystems that align with specific demographic preferences. For instance: Design elderly-friendly interfaces and develop wellness-themed travel products for older users. Partner in creating cultural tourism IPs and personalized itineraries, using short videos and live streaming to inspire younger travelers. On the product and service side, given mass-market consumers’ dual demands for quality and affordability, OTA platforms should further integrate the supply chain, expanding their core inventory of accommodation and transport resources while strengthening pricing leverage. Bundled offerings such as premium air-hotel packages and county-level attraction combo passes can simultaneously enhance both product quality and perceived value.

    In parallel, platforms should capitalize on surging outbound tourism. This includes proactive involvement in overseas destination marketing campaigns and a keen focus on the specific needs and pain points of outbound travelers from non-first-tier cities, an area poised for the next wave of growth. At the same time, leveraging advancements in large models, OTAs can embed AI technologies into real-world travel scenarios to drive long-term cost reduction, operational efficiency, and upgrades in user experience.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

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    The MIL Network

  • MIL-OSI: MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — MoonFox Data | Simultaneous Growth in Scale and Profit of Ly.com Underscores the Potential of Mass-market Tourism

    In Q1 2025, ly.com reported revenue of RMB 4.377 billion and adjusted net profit of RMB 788 million, marking YoY increases of 13.2% and 41.1%, respectively. Amid a macro recovery marked by YoY growth in both travel volume and consumer spending, ly.com has tapped into the tourism potential of non-first-tier markets, demonstrating strong demand beyond first-tier cities. While consolidating its core OTA business, the company has expanded into air tickets, hotels, and international operations, achieving diversified growth. By integrating AI strategies to drive cost reduction and efficiency, it is accelerating technological transformation and showcasing long-term growth resilience. Looking ahead, the mass-market tourism sector presents substantial upside potential. OTA platforms that can deliver both inclusive accessibility and elevated service quality are well-positioned to capitalize on structural opportunities within the industry.

    I. Operational Performance: Revenue and Profit Growth Driven by Multi-dimensional Expansion and Optimized Business Mix

    In Q1, ly.com reported revenue of RMB 4.377 billion, increased by 13.2% YoY. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached RMB 1.159 billion, while adjusted net profit rose to RMB 788 million, both growing by over 41% YoY. From a business segment perspective, ly.com’s growth is primarily driven by its core services such as accommodation booking and transportation ticketing, along with the expansion of other emerging businesses. This has enabled the company to build a synergistic model of “transportation + accommodation + vacation” and “domestic + international” operations, leading to a more balanced and healthier business structure.

    1.         OTA remains the core revenue driver with significant growth: In Q1, revenue from ly.com’s online travel platform segment grew by 18.4% YoY to RMB 3.792 billion, accounting for approximately 86.6% of total revenue. Among these, accommodation booking services led with a YoY growth rate of 23.3%, while transportation ticketing revenue also rose by 15.2% YoY. This growth was mainly driven by ly.com’s continued efforts in Q1 to diversify and innovate value-added products for flights and hotels, enhance end-to-end service capabilities for mass-market travel, and attract users through strong promotional offers, effectively capturing demand arising from the broader macroeconomic recovery. For instance, multi-section transfer products like “train-to-train” and “air-to-air” connections offered competitive and cost-effective travel solutions, resulting in YoY booking increases of 22% and 44%, respectively.
    2.         Diversified revenue streams expand, though vacation business sees a dip: Other revenues rose 20% YoY in Q1 to RMB 603 million, driven by growth in hotel management services and Property Management System (PMS) operations, emerging as a meaningful contributor to ly.com’s top line. At the macro level, the development and upgrading of mass tourism have driven growing demand for leisure travel, with vacationing becoming a preferred choice for more travelers. Ly.com has responded by launching scenario-based innovations such as small-group and customized tours, effectively unlocking users’ leisure and holiday needs. However, due to safety concerns in Southeast Asia, vacation-related revenue declined by 11.8% YoY in Q1.
    3.         Outbound travel drives performance with strong momentum: In recent years, ly.com has consistently expanded its international business by introducing airport transfer services abroad, launching an international travel booking platform and localized apps, establishing overseas physical stores and customer experience centers, and partnering with global airlines and hotels. These efforts aim to seize the growth opportunities in outbound tourism and enhance the company’s penetration rate in overseas markets. According to the financial report, in Q1 2025, driven by a surge in outbound travel among users from non-first-tier cities, ly.com recorded a YoY increase of over 40% in international air ticket bookings and over 50% in international hotel room nights. Looking ahead, the deeper penetration of outbound travel services in non-first-tier markets is expected to make international air, hotel, and vacation businesses a new engine for driving performance growth.

    II. Business Developments: Focusing on Mass-market Tourism Consumption Demand and Accelerating AI Capabilities

    1.         Deepening Commitment To Mass-market Tourism To Build Scale and Amplify User Value
    With a strategic focus on the mass-market tourism sector, ly.com targets consumers in non-first-tier cities, an audience with vast growth potential. By leveraging high-frequency UV entrances, offering one-stop services across full travel scenarios, and delivering cost-effective products to match the mass-market tourism consumption demand, the company continues to expand its user base and enhance user value. According to its financial report, as of the end of Q1 2025, ly.com had served a cumulative 1.96 billion trips and reached 247 million paying users, both representing over 7% YoY growth. Notably, users from non-first-tier cities accounted for 87% of total registered users, highlighting the success of its penetration strategy in markets in lower-tier cities.

    ①         UV entrances and service scenarios aligned with mass-market tourism consumers: In addition to its proprietary app, ly.com has embedded itself deeply into the WeChat ecosystem, using lightweight applets and high-frequency ticketing demands to reach consumers, to form stable UVs and further penetrate the markets in lower-tier cities. In Q1, ly.com continued to optimize operational efficiency within WeChat ecosystem; Between January and April, its “City Pass” WeChat applet expanded into Beijing and Guangzhou, covering urban transit scenarios. Through applet channels and City Pass business integration, ly.com further diversified its UV entrances and ecosystem touchpoints. According to MoonFox Data, WeChat applets maintain a leading share within ly.com’s overall UV landscape.

    ②         Supply chain integration enhances one-stop & cost-effective offerings: Through upstream and downstream supply chain integration, ly.com has extended its reach across the entire travel ecosystem, leveraging innovation and synergy to drive user engagement. By continuously enriching its “Air Travel +” product portfolio, the company has expanded its service coverage and strengthened price competitiveness to boost user spending and repeat purchases. In Q1 2025, ly.com partnered with multiple global airlines, airports, and international hotel groups such as Marriott and Hilton, further building its supply chain advantage in outbound tourism and helping reduce travel costs for users. On April 17, ly.com announced the acquisition of 100% equity in Wanda Hotel Management Co. Limited. The move is expected to “complement” its high-end hotel brand portfolio through Wanda’s brand matrix and resource base, enhancing its competitiveness in the hotel management sector.
    ③         Inclusive services and membership program drive user retention: In January 2025, ly.com partnered with several domestic airports to launch the “Worry-free First Trip” initiative, which officially rolled out to all users in mid-March. Designed to reduce travel barriers for elderly, students, and foreign travelers, the program supports new user acquisition and paid user growth. Meanwhile, the company upgraded its Black Card membership system, adding over 50 new benefits such as free hotel cancellation/modification and full-point redemption for room bookings. These enhancements are intended to boost loyalty among high-value users and better meet the rising demand for premium travel from non-first-tier markets, capitalizing on the consumption upgrade trend in mass-market tourism.
    2. Deep Integration with DeepSeek to Advance AI-Powered Efficiency and Experience
    On February 28, ly.com announced that its proprietary large vertical large model for the travel industry, “Chengxin”, would be fully integrated with DeepSeek. In March, the company launched an upgraded version, Chengxin AI, alongside DeepTrip, an AI agent that delivers real-time travel planning and booking services. This intelligent system understands user intent, inspires travel ideas, and dynamically generates personalized itineraries and booking options, creating an intelligent one-stop service flow of “travel need → personalized plan → product consumption”. Since its launch in December 2024, Chengxin AI has already served over 200,000 users. Its integration with DeepSeek is expected to further enhance user decision-making efficiency and elevate the smart travel experience. Looking ahead, ly.com plans to embed DeepTrip across its major booking scenarios, which is likely to increase the effectiveness of its cross-selling strategies.
    AI also brings broader operational value. By leveraging AI technology, ly.com has reduced labor costs by 20% and significantly improved operational efficiency. On the B2B side, it exports AI capabilities via its intelligent hotel solutions, enabling hospitality partners to lower costs and expand digital empowerment boundaries.
    III. Strategic Insights: Growth Trajectories for OTA Platforms Amid the “Mass Tourism” Trend
    According to data from the Ministry of Culture and Tourism, domestic travel in China reached 1.794 billion trips in Q1 2025, with total travel-related spending hitting RMB 1.80 trillion, increased by 26.4% and 18.6% YoY, respectively. Residents in non-first-tier cities represent a massive consumer base, and with room to improve in both online OTA conversion rates and average revenue per user (ARPU), this demographic is expected to unleash long-term growth potential as travel frequency and spending power continue to rise, injecting both UVs and value into the industry.

    At present, mass-market tourism consumption is undergoing segmentation and diversification. A wide array of consumer groups is seeking differentiated, immersive travel experiences, where high quality and high cost-effectiveness coexist. In this context, OTA platforms must focus on customer segmentation and industry chain integration. According to iMarketing of MoonFox Data, as of April 2025, users aged 46 and above and those 25 years and younger accounted for 28% and 22.7%, respectively, of all installed users across online travel platform apps, making them key contributors to tourism consumption. To better serve these audiences, OTAs must develop differentiated services and content ecosystems that align with specific demographic preferences. For instance: Design elderly-friendly interfaces and develop wellness-themed travel products for older users. Partner in creating cultural tourism IPs and personalized itineraries, using short videos and live streaming to inspire younger travelers. On the product and service side, given mass-market consumers’ dual demands for quality and affordability, OTA platforms should further integrate the supply chain, expanding their core inventory of accommodation and transport resources while strengthening pricing leverage. Bundled offerings such as premium air-hotel packages and county-level attraction combo passes can simultaneously enhance both product quality and perceived value.

    In parallel, platforms should capitalize on surging outbound tourism. This includes proactive involvement in overseas destination marketing campaigns and a keen focus on the specific needs and pain points of outbound travelers from non-first-tier cities, an area poised for the next wave of growth. At the same time, leveraging advancements in large models, OTAs can embed AI technologies into real-world travel scenarios to drive long-term cost reduction, operational efficiency, and upgrades in user experience.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

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    The MIL Network

  • MIL-OSI: MoonFox | Bilibili: A “Forever Young” Platform with a Long-term Vision

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Since Q3 2024, Bilibili has achieved profitability for three consecutive quarters, marking an acceleration in its commercialization efforts. 
    Over the past few years, the explosive growth of short video has significantly disrupted traditional content production and marketing models. As a leading platform for medium-to-long video, Bilibili bore the brunt of these shifts, and its relatively slow commercialization was frequently questioned. However, it’s clear that Bilibili has consistently sought a balance between community-driven content and commercial monetization — striving to enhance its revenue capabilities while preserving its signature user experience and community atmosphere.
    With the release of its Q1 2025 financial reports, Bilibili has successfully initiated a positive feedback loop between commercialization and content innovation. As the internet UV dividend reaches its ceiling, we have to re-evaluate Bilibili’s true marketing value.

    I.         Evolution of User Value: Still Youth-oriented, with Upgraded Consumption Vitality
    As one of China’s earliest ACG (Anime, Comics, and Games) communities, Bilibili has long attracted passionate niche enthusiasts, building a culture where users “Powered by Love”. This grassroots, interest-based social environment has continuously drawn waves of young creators. Compared to 2021 (when the average user age was 23 and users under 25 made up 50.08%), the platform’s user base has aged slightly, with an average age of 26 in 2025. However, its core user value remains clear: youthful, highly engaged, and increasingly capable of spending.
    The platform’s mass-market evolution has not diluted its youth-oriented DNA. Beyond the core ACGN demographic, students and young professionals fresh out of college continue to inject new vitality into the community.

    • According to MoonFox Data, as of April 2025, Bilibili’s monthly active users had an average age of 26. Among them, 62.25% were aged 16-35. Among new users added in April, 70.82% were in the 16-35 age group.
    • In contrast, back in April 2021, the age structure of users was younger. According to MoonFox Data, as of April 2021, Bilibili’s monthly active users had an average age of 23. At that time, 50.08% of active users were under 25, while users over 35 made up only 16.18%, which was 15 percentage points lower than in 2025.

    According to MoonFox Data, Bilibili is also seeing a growing presence of female users. In April 2025, women accounted for 44% of active users, increased by 1 percentage point YoY. Notably, female new users significantly outpaced male users throughout the past year. This influx has driven growth in content consumption, especially in lifestyle-related verticals, though challenges remain in sustaining long-term retention and monetization of these new cohorts.
    According to the 2024 financial report, views in the maternity and parenting category content rose 76% YoY, significantly outpacing other categories. In addition, content related to home decoration, beauty & fashion, automotive, and sports & fitness also showed rapid growth.

    Over the past three years, both Bilibili’s monthly active users and the number of paid Premium Members have continued to rise steadily. User stickiness keeps increasing. Since Q3 2023, the platform has maintained a daily active user base of over 100 million, with average daily usage time stabilizing between 100-110 minutes.

    Whether measured against long-form video platforms or mainstream social media apps, Bilibili continues to exhibit strong competitiveness in terms of user time spent. As the platform expands to reach a broader audience, its user retention and engagement have remained robust. These “high levels of stickiness” reflect Bilibili’s consistent strength in content creation and community value.

    II. Evolution of Content Value: “Professional Production + Youthful Expression” as a Strategic Moat
    1.         Deepening OGV Strategy to Build a Robust IP Matrix
    In terms of content formats and production models, leading social platforms such as Douyin, Xiaohongshu, and Bilibili all offer broad creative ecosystems. Content ranges from UGC (User-Generated Content), PUGC (Professionally User-Generated Content), PGC (Professionally Generated Content), to OGV (Occupationally Generated Video), delivered via short videos and medium-to-long videos, live streaming, images, and audio, often cross-distributed across platforms. Among these, OGV represents Bilibili’s key strategic lever for deepening content value and building platform differentiation. The continued premiumization and IP-ification of OGV not only enhances Bilibili’s brand but also creates more monetization opportunities for other content creators by expanding content categories and formats.
    Bilibili’s OGV ecosystem now follows a clear incubation path: “Premium Content” → “Evergreen IP” → “Cross-platform Phenomenal IP”. Premium Content includes high-quality documentaries, original Chinese animation, music variety shows, and short drama series, giving rise to new breakout titles each year. “Evergreen IPs” emerge from long-tail influence and continued investment in premium content. A select few IPs break through platform boundaries, achieving phenomenal widespread social impact.

    2.         Unique Variety and Documentary Styles: Bilibili’s “Methodology” for Cross-demographic Breakthroughs
    Bilibili’s variety and documentary programming stands out for its youth-centric storytelling and emotional resonance, achieving both critical acclaim and commercial success. A standout case is Guarding Jiefang West Road, which debuted in 2019. This documentary-variety hybrid follows real cases from a local police station on the streets of Changsha City, adopting a reality TV style to deliver legal education. In a series of hilarious and absurd real events, legal knowledge is conveyed to the audience. The series was dubbed “a hand-drawn scroll of urban life” by the Bilibili users and went viral, eventually airing on CCTV and regional television networks.
    The vivid portrayal of everyday life infused with a lively local atmosphere, the integration of Changsha’s cultural and tourism elements, and the personalized expression shaped by the reality show format have not only inspired organic sharing among young audiences and prompted offline check-ins, but also created opportunities for commercial partnerships in future IP series. The exclusive title sponsorship spans a wide range of industries, including food and beverages, pharmaceuticals, insurance, and automotive. In addition, the program collaborates with professional content creators to interpret legal knowledge and analyze real-life cases, generating secondary dissemination and enabling multi-channel brand integration.
    In 2023, Bilibili and Shenzhen Media Group partnered with the same production company of Guarding Jiefang West Road, TVZONE, to launch The Glorious Pediatricians, an innovative medical documentary series. The IP leveraged nearly the same commercialization playbook as Guarding Jiefang West Road, from narrative tone to brand partnerships and cross-channel distribution.
    Beyond large IPs, Bilibili has also cultivated a range of niche, small-format shows that deeply explore social issues and Gen Z lifestyles, capturing mindshare within specific subcultures. These titles often go viral thanks to a content strategy combining OGV (full-length programs) + PUGC (expert content) + UGC (cross-industry uploader content). Examples include the 2024 “International Chinese Debating Competition”, the 90’s Dating Agency launched in 2021, and the upcoming 00’s Career Agency and 90’s Rental Agency in 2025.
    3.         Doubling Down on Original Chinese Animation to Strengthen Predictable Revenue Streams
    In 2023, Bilibili’s senior leadership revealed that 67% of Bilibili’s ACG users had begun actively consuming original Chinese animation, with users watching an average of 10 series each, totaling over 700 million hours of view time and 5 billion user interactions. Bilibili’s deep understanding and sensitivity to the ACG industry forms a key moat in its original Chinese animation strategy. In turn, this strengthens user stickiness and drives monetization through membership subscriptions, advertising, derivative products, and offline events.
    At the end of 2024, Bilibili announced a lineup of 43 upcoming original Chinese animations, backed by a clearer and more strategic release schedule compared to previous years. In 2025, IP sequels, female-centric IPs, and original animation have become core highlights. Among the 12 original series, several are continuations or expansions of existing hit IPs, such as Yao-Chinese Folktales 2 and Link Click: Yingdu Chapter. To Be Hero X, which launched globally in April, marks Bilibili’s first original Chinese animation released simultaneously worldwide. As of May 27, the series was still ongoing, having amassed 97.51 million views on its Mandarin dub and over 6 million views on the Japanese dub, outperforming earlier entries like To Be Hero: BABA and To Be Hero: LEAF.
    In addition to originals, adaptations of popular comics and novels remain pillars of the original Chinese category. Notably, in 2025 Bilibili has moved beyond its traditional “male-oriented action drama IPs”, tapping into content that resonates with female viewers. For example, the adaptation of The Legend of Princess Chang-Ge, which premiered in February, and the upcoming animation First Frost, both reflect a shift towards more emotionally driven storytelling. This shift reflects not only the platform’s broader approach to content themes, but also a subtle response to the evolving needs driven by the growth of its female user base. However, The Legend of Princess Chang-Ge failed to meet audience expectations, receiving an average rating of 7.6, significantly lower than its fantasy-genre peers. Viewer criticism cited plot alterations and stiff 3D character modeling as major issues, indicating that female-oriented IP adaptations still pose notable creative challenges for Bilibili’s original Chinese animations.
    4.         The Uploader Ecosystem: Connecting with Users through “Content Quality”
    While Bilibili, like other platforms, employs “interest-based” content recommendations, its waterfall-style feed gives users greater control over final content selection. This increases visibility for mid- and long-tail uploaders, making content quality the core driver of user retention. This more decentralized distribution mechanism has fostered a healthy creative environment, enabling UP creators to build lasting relationships with their audience through consistent, high-quality output. According to Jiemian.com, nearly 90% of Bilibili Power Up 100 in 2024 had been publishing content for over 5 years. Over 2 million creators have been active on the Bilibili for 5+ years,
    This robust creator(uploader) ecosystem fuels diversified content demand, while Bilibili’s active community feedback loop helps scale content innovation and creator growth.
    As of now, Bilibili’s homepage features 36 primary content categories, and official data indicates that more than 2 million subcultural tags exist on the platform. In 2024, its daily video views averaged 4.8 billion. From the annual report data, it is evident that content in emerging sectors such as maternity & childcare, sports & wellness, travel, and AI is also growing rapidly on Bilibili.

    In Q1 2025 alone, viewing time for AI-related content increased by 130%. Notable uploads include: A 10,000-Word Deep Dive: What Are AI Agents?, posted in March by @qiuzhi2046, which garnered over 440,000 views. A 2022 upload from @xiao_lin_shuo, titled How Advanced Is AI? Isn’t It Growing Too Fast?, which continues to gain traction, now surpassing 1.55 million views as of late May. These videos combine technical insights with a relaxed, humorous delivery. In addition, Q1 saw a rapid surge in paid courses on AI fundamentals, Python, and practical AI tools, reflecting strong demand. Uploaders, through youthful and accessible communication styles, help demystify complex topics. As a result, new technologies and product innovations can quickly reach and resonate with younger demographics, building early-stage trust and engagement.

    III. Evolution of Marketing Value: From “UV Pool” to “Endorsement Pool”
    1.         “Trust Endorsement” Through Cultural Identity
    By investing deeply in OGV content, Bilibili has built a rich matrix of cultural IPs, fostering a strong sense of trust and identity among users. When brands participate as title sponsors or co-creators, they are seen as part of the “Powered by Love” community. In recent years, numerous emerging consumer brands have embedded themselves into Bilibili’s ecosystem by “playing” with users, blending in naturally with youth subcultures and communities.
    For example, in the automotive sector, Wuling Motors sponsored the popular interview show Wuling Auto, and collaborated with top auto uploaders to showcase product strength. Its official account, @Wuling Silver Mark, has amassed 970,000 followers. In 2024, the game Black Myth: Wukong went viral, driving fans to visit real-life filming locations. This cross-industry linkage was dubbed a “pilgrimage tour” by Bilibili users. The official account @Culture and Tourism Department of Shanxi Province launched a series of culture and tourism video campaign titled “Travel Shanxi with Wukong”, with single episodes surpassing 1.2 million views, effectively promoting local culture and landscapes in multiple aspects.
    2.         Long-term “Companion Marketing”
    While 5G online surfing and memes thrive in Gen Z culture, Bilibili’s connection of “Youthful Expression” with young users goes beyond trend-chasing. What really sets the platform apart is its ability to deliver deep emotional value through companionship and shared growth. “Companionship and personal growth” are key themes that enable Bilibili’s content to resonate with younger audiences. The platform’s strength lies in its ability to build long-term user engagement and embed brand perception early in the consumer journey. Popular content IPs span key moments such as college entrance exams, graduation season, summer holidays, and Youth Day, offering brands concrete scenarios to expand their influence and revitalize their image.
    In the consumer goods sector, Dreame, Guyu, and Laifen, among other emerging Chinese brands, have all established content matrices on Bilibili to engage young consumers. In the food &beverage industry, Uni-President Group sponsored the Bilibili Graduation Concert for three consecutive years (2022-2025), while also investing in original comedy content and foodie uploaders. These efforts gradually reshaped its brand image, increasing penetration among younger audiences.
    3.         “Authenticity” as a Driver of High Conversion
    Bilibili’s highly participatory user base, known for their “real human” feel, raises the bar for brand marketing & endorsement, but it also creates valuable opportunities for small and mid-sized brands. Bilibili’s community atmosphere amplifies the weight of user feedback. Metrics such as the number of danmaku, video completion rate, and the “triple interaction”(likes, coins, and sharing), and favorites serve as concrete indicators of content quality. At the same time, the higher threshold for user engagement makes interactions more meaningful. Because of this high bar for interaction, Bilibili has been seen as harder for advertisers’ endorsement and slower in conversion compared to platforms like Xiaohongshu or Douyin.
    However, during the 2023 “618” Shopping Festival, beauty brand PROYA achieved a live streaming ROI of 2.69, among the highest in the industry, challenging traditional perceptions. In e-commerce monetization on Bilibili platform, home & lifestyle uploader @Mr.MiDeng generated over RMB10 billion in GMV in 2023, while fashion uploader @Yingwuli achieved RMB 50 million in a single live session in 2024 and now hosts monthly live sales. A series of best-selling new product categories shows that users on Bilibili still possess strong untapped purchasing power. At the same time, when we look at the sources of these best-selling products, many “niche yet high-quality” brands have successfully generated endorsement and achieved strong conversion rates.
    Whether it’s @Mr.MiDeng or @Yingwuli, their sales are driven by long-form videos or live streaming rich in industry insights and in-depth product explanations, covering everything from product colors, materials, and manufacturing processes to after-sales service and issue resolution. Compared to the brand endorsement and marketing premium brought by major labels, smaller brands with reliable quality and durable products are often more likely to gain popularity under the influence of content uploaders.

    IV. Conclusion: Bilibili Is Redefining the Future of “Youth Marketing” through a Positive “Content – User – Commerce” Cycle
    From a niche ACG vertical community “Powered by Love” to a profitable content platform with three consecutive profitable quarters, Bilibili has preserved its youthful DNA. Yet it has also evolved into a more inclusive space, welcoming diverse interests from female users to lifestyle enthusiasts. Its expansion into OGV content, while maintaining strong creator ecosystems, positions Bilibili as a comprehensive video platform, one that deepens premium content moats, strengthens user stickiness, and broadens commercial possibilities.
    For brands, Bilibili’s value extends far beyond being a mere “UV Pool”. It serves as a cultural and emotional companion to multiple youth cohorts, and has become an irreplaceable space for both emerging and mid-tier brands looking to connect authentically with young audiences. As users cast their votes through the triple interaction, their danmaku comments also convey a strong authenticity sense toward the product. The collaboration between brands and creators feels more like an in-depth dialogue rather than a hard-sell ad driven purely by UVs.
    For Bilibili, sustained profitability may only be the beginning. By leveraging content to win the hearts of young users, its business model is in turn fueling a virtuous cycle—reinvesting in the very content ecosystem that brought them there. This positive flywheel is laying a long-term foundation for the platform’s future growth.

    About MoonFox Data
    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

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  • MIL-OSI: MoonFox Data | “New Consumer Trends F4” Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits All-Time High

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Fueled by the global explosion in popularity of LABUBU, Pop Mart, one of the so-called “New Consumer Trends F4” stocks on the Hong Kong Stock Exchange, has seen its share price skyrocket. As of market close on June 9, Pop Mart’s market capitalization reached HKD 336.8 billion, setting a new all-time high. With a 48.73% ownership stake, founder Wang Ning has now become the richest individual in Henan province.

    According to MoonFox Data, Pop Mart’s monthly average DAU (daily active users) on mobile surged 257% since the beginning of the year, while its customer UV index at offline retail stores rose 11%. The continued rise in its share price is a direct reflection of the company’s comprehensive growth across all operational metrics. Behind this momentum lies a meticulously planned commercial strategy that has laid a solid foundation for sustained growth.

    Building and Operating the Pop Mart IP Universe

    A global co-creation network of artists: POP MART has built a global creative network of over 200 designers, operating under a dual-track model of “emerging talent discovery + master collaborations.” By working closely with prominent artists such as Hong Kong designer Kenny Wong (creator of the “MOLLY” IP) and Dutch illustrator Kasing Lung (creator of the “LABUBU” IP), the company transforms artistic concepts into commercial value through a full industrialized pipeline of “concept sketches → 3D modeling → mass production → retail”.

    Emotionally resonant design: Take CRYBABY as an example: its core design concept revolves around “crying as therapy” and the idea that “everyone has moments when they need to cry”. It aims to encourage people to move forward with courage after releasing their emotions. By conveying the core message of emotional freedom, it provides emotional value to fans and evokes deep resonance, making it Pop Mart’s fastest-growing emerging IP in 2024, with a YoY revenue increase of over 1,537.2%.

    Continued development of core IPs: Classic IPs such as MOLLY and DIMOO continue to iterate with new themes, while emerging IP THE MONSTERS (which includes LABUBU) has expanded beyond static pop toys and figurines into plush accessories and interactive companions through diverse product designs and performances featuring park character interactions. These efforts have strengthened emotional bonds with fans, driving a remarkable 726.6% YoY revenue growth in 2024.

    Tiered pricing strategy across consumer scenarios:

    Blind Box Economy (RMB 59-69): By lowering the threshold to trigger impulse purchases, it enhances interactive fun through “hidden edition mysticism” and “blind box strategies”, stimulating desire to buy with the unpredictability of content and the scarcity of hidden editions.

    Mega Collection (RMB 1,000-10,000+): The MEGA series (e.g., 1000% SPACE MOLLY) targets high-spending collectors with an emphasis on art investment. Collaborations with institutions like the Van Gogh Museum and artists like Mika Ninagawa elevate the brand’s cultural cachet and pricing power, appealing to sophisticated buyers seeking both emotional and investment value.

    Understanding core consumers and capturing emotional demand:

    According to Pop Mart’s active user portrait, the core consumer group consists primarily of women aged 16 to 35, with Generation Z and young white-collar workers as the dominant force. These users are mainly concentrated in first- and second-tier cities with developed consumer markets. They are highly receptive to new trends, willing to pay for emotional value, possess a certain level of economic stability, and demonstrate strong purchasing intent. As both primary buyers and key nodes in social sharing, they play a central role in driving consumption and brand communication.

    The rise of Pop Mart’s commercial empire lies in its deep understanding and precise grasp of the consumer psychology of its target audience. By skillfully leveraging various psychological mechanisms, Pop Mart transforms the act of purchasing pop toys into an experience rich in fun and emotional connection. The unpredictability of blind boxes offers instant gratification; IP collectibles serve as symbols of self-expression for young consumers; and the exclusivity of hidden editions fosters a sense of group identity and pride. Together, these elements cater to a wide range of emotional needs, including comfort, individuality, surprise, achievement, and social connection.

    Omni-channel Reach and Precision Operations

    Offline Retail Expansion and Store Functionality Upgrade

    Retail Stores: By the end of 2024, Pop Mart had opened 401 stores across Mainland China, primarily located in high-traffic commercial districts. With an emphasis on immersive store design, each outlet serves not just as a point of sale but also as a powerful channel for brand storytelling and customer engagement. According to MoonFox Data, the offline customer UV index in 2024 increased by 47.7% YoY, showing a strong correlation with in-store revenue.

    ROBOSHOPS: By the end of 2024, Pop Mart had deployed 2,300 ROBOSHOPS, with a net increase of 110 units during the year. These automated vending machines, with their low operating costs and flexible deployment, have accelerated enterprises’ penetration into multi-tier cities and high-frequency consumption scenarios such as commercial complexes and transportation hubs, significantly enhancing the efficiency of consumer reach.

    Online Omni-channel Expansion and Development

    Self-owned Platforms: Pop Mart Official Mall and Pop Mart Blind Box Machine (WeChat applet) are the company’s core proprietary online channels. The Pop Mart Blind Box Machine simulates the offline blind box experience, enhancing user engagement and purchase satisfaction, and has demonstrated strong sales growth. According to MoonFox Data, the Pop Mart Blind Box Machine’s MAU grew by 58.5% throughout 2024, with revenue increasing 52.7% YoY.

    Additionally, following the online release of LABUBU 3.0 on April 24, Pop Mart saw an explosive short-term spike in market buzz and DAU, which was soon followed by a sustained upward trend in its share price, with growth momentum significantly accelerating in June.

    Third-Party E-commerce Platforms: Pop Mart has established official flagship stores on mainstream e-commerce platforms such as Tmall, JD.com, and Douyin. According to its 2024 financial report, its overall revenue from online channels rose 76.9% YoY, with Douyin and Tmall seeing particularly strong growth.

    Membership System Development and Value

    Pop Mart has built a large and highly active membership ecosystem. By implementing a tiered membership system and offering exclusive benefits such as points redemption, birthday gifts, and early access to new products, the brand has significantly boosted customer loyalty and lifetime value. According to the financial report data of 2024, the number of registered members in mainland China reached 46.083 million, with members contributing 92.7% of total sales. The repurchase rate stood at 49.4%. User behavior data from the app side also indicates growing frequency and duration of use.

    Meanwhile, Pop Mart is accelerating both the diversification of its IP portfolio and its global expansion. The company is undergoing a transformative shift from a “pop toy manufacturer” to a global IP ecosystem operator. Several major international investment banks have expressed bullish views on Pop Mart. Deutsche Bank, for instance, issued a report stating that Pop Mart’s potential market size is significantly larger than previously estimated, maintaining a “Buy” rating and raising its target price from HKD 200 to HKD 303.

    Looking ahead, the key challenges for Pop Mart will include sustaining the creative momentum of its IP lifecycle, addressing delayed tech integration, and restoring community trust. To maintain the emotional engagement of its 40 million users, the company must ensure that the “emotional deposit interest rate” on their emotional deposits keeps pace with “emotional inflation”. For investors, Pop Mart’s rise represents a “collective reckoning” within the investment community, an opportunity in the new consumer trends to step beyond traditional frameworks and develop a deeper understanding of consumer culture, identity, and behavioral trends behind each channel. In many ways, these qualitative insights may prove more predictive than financial report figures alone.

    About MoonFox Data

    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:

    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    The MIL Network

  • MIL-OSI: MoonFox Data | “New Consumer Trends F4” Soar in Hong Kong Stock Market; Pop Mart’s Mark Value Hits All-Time High

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 26, 2025 (GLOBE NEWSWIRE) — Fueled by the global explosion in popularity of LABUBU, Pop Mart, one of the so-called “New Consumer Trends F4” stocks on the Hong Kong Stock Exchange, has seen its share price skyrocket. As of market close on June 9, Pop Mart’s market capitalization reached HKD 336.8 billion, setting a new all-time high. With a 48.73% ownership stake, founder Wang Ning has now become the richest individual in Henan province.

    According to MoonFox Data, Pop Mart’s monthly average DAU (daily active users) on mobile surged 257% since the beginning of the year, while its customer UV index at offline retail stores rose 11%. The continued rise in its share price is a direct reflection of the company’s comprehensive growth across all operational metrics. Behind this momentum lies a meticulously planned commercial strategy that has laid a solid foundation for sustained growth.

    Building and Operating the Pop Mart IP Universe

    A global co-creation network of artists: POP MART has built a global creative network of over 200 designers, operating under a dual-track model of “emerging talent discovery + master collaborations.” By working closely with prominent artists such as Hong Kong designer Kenny Wong (creator of the “MOLLY” IP) and Dutch illustrator Kasing Lung (creator of the “LABUBU” IP), the company transforms artistic concepts into commercial value through a full industrialized pipeline of “concept sketches → 3D modeling → mass production → retail”.

    Emotionally resonant design: Take CRYBABY as an example: its core design concept revolves around “crying as therapy” and the idea that “everyone has moments when they need to cry”. It aims to encourage people to move forward with courage after releasing their emotions. By conveying the core message of emotional freedom, it provides emotional value to fans and evokes deep resonance, making it Pop Mart’s fastest-growing emerging IP in 2024, with a YoY revenue increase of over 1,537.2%.

    Continued development of core IPs: Classic IPs such as MOLLY and DIMOO continue to iterate with new themes, while emerging IP THE MONSTERS (which includes LABUBU) has expanded beyond static pop toys and figurines into plush accessories and interactive companions through diverse product designs and performances featuring park character interactions. These efforts have strengthened emotional bonds with fans, driving a remarkable 726.6% YoY revenue growth in 2024.

    Tiered pricing strategy across consumer scenarios:

    Blind Box Economy (RMB 59-69): By lowering the threshold to trigger impulse purchases, it enhances interactive fun through “hidden edition mysticism” and “blind box strategies”, stimulating desire to buy with the unpredictability of content and the scarcity of hidden editions.

    Mega Collection (RMB 1,000-10,000+): The MEGA series (e.g., 1000% SPACE MOLLY) targets high-spending collectors with an emphasis on art investment. Collaborations with institutions like the Van Gogh Museum and artists like Mika Ninagawa elevate the brand’s cultural cachet and pricing power, appealing to sophisticated buyers seeking both emotional and investment value.

    Understanding core consumers and capturing emotional demand:

    According to Pop Mart’s active user portrait, the core consumer group consists primarily of women aged 16 to 35, with Generation Z and young white-collar workers as the dominant force. These users are mainly concentrated in first- and second-tier cities with developed consumer markets. They are highly receptive to new trends, willing to pay for emotional value, possess a certain level of economic stability, and demonstrate strong purchasing intent. As both primary buyers and key nodes in social sharing, they play a central role in driving consumption and brand communication.

    The rise of Pop Mart’s commercial empire lies in its deep understanding and precise grasp of the consumer psychology of its target audience. By skillfully leveraging various psychological mechanisms, Pop Mart transforms the act of purchasing pop toys into an experience rich in fun and emotional connection. The unpredictability of blind boxes offers instant gratification; IP collectibles serve as symbols of self-expression for young consumers; and the exclusivity of hidden editions fosters a sense of group identity and pride. Together, these elements cater to a wide range of emotional needs, including comfort, individuality, surprise, achievement, and social connection.

    Omni-channel Reach and Precision Operations

    Offline Retail Expansion and Store Functionality Upgrade

    Retail Stores: By the end of 2024, Pop Mart had opened 401 stores across Mainland China, primarily located in high-traffic commercial districts. With an emphasis on immersive store design, each outlet serves not just as a point of sale but also as a powerful channel for brand storytelling and customer engagement. According to MoonFox Data, the offline customer UV index in 2024 increased by 47.7% YoY, showing a strong correlation with in-store revenue.

    ROBOSHOPS: By the end of 2024, Pop Mart had deployed 2,300 ROBOSHOPS, with a net increase of 110 units during the year. These automated vending machines, with their low operating costs and flexible deployment, have accelerated enterprises’ penetration into multi-tier cities and high-frequency consumption scenarios such as commercial complexes and transportation hubs, significantly enhancing the efficiency of consumer reach.

    Online Omni-channel Expansion and Development

    Self-owned Platforms: Pop Mart Official Mall and Pop Mart Blind Box Machine (WeChat applet) are the company’s core proprietary online channels. The Pop Mart Blind Box Machine simulates the offline blind box experience, enhancing user engagement and purchase satisfaction, and has demonstrated strong sales growth. According to MoonFox Data, the Pop Mart Blind Box Machine’s MAU grew by 58.5% throughout 2024, with revenue increasing 52.7% YoY.

    Additionally, following the online release of LABUBU 3.0 on April 24, Pop Mart saw an explosive short-term spike in market buzz and DAU, which was soon followed by a sustained upward trend in its share price, with growth momentum significantly accelerating in June.

    Third-Party E-commerce Platforms: Pop Mart has established official flagship stores on mainstream e-commerce platforms such as Tmall, JD.com, and Douyin. According to its 2024 financial report, its overall revenue from online channels rose 76.9% YoY, with Douyin and Tmall seeing particularly strong growth.

    Membership System Development and Value

    Pop Mart has built a large and highly active membership ecosystem. By implementing a tiered membership system and offering exclusive benefits such as points redemption, birthday gifts, and early access to new products, the brand has significantly boosted customer loyalty and lifetime value. According to the financial report data of 2024, the number of registered members in mainland China reached 46.083 million, with members contributing 92.7% of total sales. The repurchase rate stood at 49.4%. User behavior data from the app side also indicates growing frequency and duration of use.

    Meanwhile, Pop Mart is accelerating both the diversification of its IP portfolio and its global expansion. The company is undergoing a transformative shift from a “pop toy manufacturer” to a global IP ecosystem operator. Several major international investment banks have expressed bullish views on Pop Mart. Deutsche Bank, for instance, issued a report stating that Pop Mart’s potential market size is significantly larger than previously estimated, maintaining a “Buy” rating and raising its target price from HKD 200 to HKD 303.

    Looking ahead, the key challenges for Pop Mart will include sustaining the creative momentum of its IP lifecycle, addressing delayed tech integration, and restoring community trust. To maintain the emotional engagement of its 40 million users, the company must ensure that the “emotional deposit interest rate” on their emotional deposits keeps pace with “emotional inflation”. For investors, Pop Mart’s rise represents a “collective reckoning” within the investment community, an opportunity in the new consumer trends to step beyond traditional frameworks and develop a deeper understanding of consumer culture, identity, and behavioral trends behind each channel. In many ways, these qualitative insights may prove more predictive than financial report figures alone.

    About MoonFox Data

    MoonFox Data, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading alternative data provider delivering actionable insights to global financial institutions and investment firms. Trusted by top 50 funds, MoonFox leverages proprietary big data and advanced analytics to help clients uncover market trends and drive smarter decisions across China and emerging markets.

    For Media Inquiries:

    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    Attachment

    The MIL Network

  • MIL-OSI Africa: Former Msunduzi Municipality official sentenced to 10 years for corruption

    Source: South Africa News Agency

    Thursday, June 26, 2025

    The Durban Specialised Commercial Crimes Court has sentenced a former Msunduzi Municipality official to 10 years’ direct imprisonment following his conviction on two counts of corruption.

    According to the National Prosecuting Authority (NPA), Nhlakanipho Wiseman Dlamini (45), who was employed as an acting Fleet Control Advisor at the municipality, was found guilty of soliciting bribes from a municipal service provider.

    “Dlamini was employed at Msunduzi Municipality…and a company named EWCop was contracted to supply and maintain vehicle tracking devices for the municipal vehicles. During 2018, EWCop’s contract with the municipality ended, and the contract was subsequently extended on a month-to-month basis pending the outcome of the award for a new tender.

    “Dlamini then approached EWCop and solicited their offer to secure the pending tender in favour of EWCop. Dlamini further solicited R100 000 from EWCop to ensure that the outstanding payments in respect of the month-to-month contract were paid to EWCop,” the NPA said in a statement.

    A trap was set up in accordance with section 252 A of the Criminal Procedure Act 51 of 1977, and Dlamini was arrested between November 2019 and January 2020, after receiving the ‘trap’ money.

    Dlamini was sentenced to eight years’ imprisonment on each count of t corruption.  Six years of the second count run concurrently with the first, resulting in an effective 10-year sentence.

    “The NPA welcomes this successful prosecution. Together with our partners in the Justice Cluster, we will ensure that corrupt officials are brought to book. Rooting out corruption remains an organisational priority,” the statement concluded. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Africa: New Development Bank appoints Tshepiso Moahloli as regional DG

    Source: South Africa News Agency

    The New Development Bank (NDB) has appointed Tshepiso Moahloli as the new Africa Regional Centre (ARC) Director-General, following an international competitive recruitment process. 

    Moahloli’s appointment took effect on 20 June 2025. 

    Moahloli’s role will entail managing the Bank’s African regional operations and leading the African continent, with a focus on project origination, preparation, and implementation supervision. She will also serve as a primary interface between the NDB and key project stakeholders in the region.

    The NDB is celebrating 10 years of operations this year. Since its inception in 2015, the Bank has approved 15 infrastructure projects in South Africa, valued at a total of US$7.3 billion. 

    These projects focus on addressing crucial infrastructure needs in sectors sincluding water, energy, transport and logistics networks.

    “Moahloli is a former National Treasury Deputy Director-General (DDG) for Asset and Liability Management and has amassed more than a decade of experience in the National Treasury providing operational and strategic leadership in Debt Management, Risk Management and Stakeholder Relations.

    “Prior to this appointment, Moahloli provided consulting services on various projects related to public debt, climate financing and broad infrastructure development. Moahloli provided strategic expertise at the newly formed Oman Debt Management Office,” National Treasury said.

    In partnership with the World Bank, she has also provided consulting support for the NDB in mapping out requisite reforms in infrastructure delivery for the National Treasury.

    Moahloli holds a Master of Business Administration in Executive Management from the University of Cape Town, and a Master of Commerce Economic Science (with Distinction) from the University of the Witwatersrand.

    National Treasury Director-General, Dr Duncan Pieterse, who is also South Africa’s representative on the NDB Board of Directors, wishes Moahloli well in her new role as she leads the expansion of the NDB Project Portfolio in South Africa and the broader African region for greater development impact. –SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI Submissions: World Solar Challenge 2025: Gebrüder Weiss and ETH Zurich students team up again

    Source: Gebrüder Weiss 

    Gebrüder Weiss is once again the a Centauri Solar Racing Team’s logistics partner / Branches in Zurich, Wolfurt, and Adelaide ensure seamless transport of the custom-built solar-powered racing car.

    Wolfurt, June 26, 2025. Logistics company Gebrüder Weiss is once again supporting the students of the a Centauri Solar Racing Team from the Swiss Federal Institute of Technology (ETH) in Zurich as they travel to Australia for the World Solar Challenge 2025. At this year’s international solar vehicle race, the Swiss students are aiming to improve on their 12th place debut result from 2023, having developed a vehicle with improved aerodynamics and a larger solar surface area. To ensure that everything runs smoothly before the race begins in Darwin on August 24, the team has once again entrusted Gebrüder Weiss with the complex transport.

    “We are delighted to be accompanying the aCentauri team from ETH Zurich again this year. Such collaborations are in line with our understanding of partnership: long-term, trusting, and focused on a sustainable future for mobility,” explains Frank Haas, Head of Communications at Gebrüder Weiss. “The students already demonstrated in 2023 that solar mobility works, and we wish them every success in reaching the top ten.”

    The technical equipment was shipped to Australia by sea freight back in May. Now, the vehicle itself is embarking on its journey by air freight, after a live presentation at the Gebrüder Weiss location in Wolfurt. After completing a final test drive in front of press representatives, the vehicle was prepared for air transport at the IATA-certified terminal.

    Certification from the IATA (International Air Transport Association) means that the Air & Sea Terminal at Wolfurt is an officially recognized air freight terminal where shipments can be prepared for air transport in accordance with IATA standards – including special packaging, security checks, and all required inspection processes. The flight will then depart for Australia via Frankfurt Airport without any intermediate steps.

    Upon arrival in Australia, the logistics experts at the new Gebrüder Weiss location in Adelaide will take charge of the next stage of the process: They will coordinate the import formalities and transport to the University of Adelaide.

    The World Solar Challenge starts on August 24, 2025, and covers 3,000 kilometers across the Australian outback. First held in 1987, the race promotes innovation in the areas of sustainable mobility and renewable energies.

    As a company with a history spanning over 500 years, Gebrüder Weiss is eager to play an active role in shaping the future of mobility. Since 2021, the company has been involved in relevant projects, working closely with universities, research teams, and start-ups. In addition to logistics, Gebrüder Weiss promotes exchange between project partners and raises the profile of forward-thinking ideas. The aim is to implement new technologies at an early stage.

    Further background information on the projects can be found at: https://www.gw-world.com/company/sustainability/future-of-mobility, or via the logistics company’s social media channels.

    About Gebrüder Weiss

    Gebrüder Weiss Holding AG, based in Lauterach, Austria, is a globally operative full-service logistics provider with about 8,600 employees at 180 company-owned locations. The company generated revenues of 2.71 billion euros in 2024. Its portfolio encompasses transport and logistics solutions, digital services, and supply chain management. The twin strengths of digital and physical competence enable Gebrüder Weiss to respond swiftly and flexibly to customers’ needs. The family-run organization – with a history going back more than half a millennium – has implemented a wide variety of environmental, economic, and social initiatives. Today, it is also considered a pioneer in sustainable business practices. www.gw-world.com

    MIL OSI – Submitted News

  • MIL-OSI United Kingdom: Health and Social Care Secretary speech on health inequalities

    Source: United Kingdom – Executive Government & Departments

    Speech

    Health and Social Care Secretary speech on health inequalities

    Wes Streeting spoke at Blackpool Football club on reducing health inequalities.

    Thank you very much, Simon. And thanks to all of you for coming to join us this morning here at Bloomfield Road. 

    I just want to echo, first of all, what Simon said about the club and about the impact it has through the trust of people in the community, particularly in terms of the work it does with young people, giving people opportunities or better life chances. 

    It’s a reminder that it’s something that government has to do, and I believe very strongly we can’t do without a good and active government. 

    But it’s also a reminder that whether we’re talking about creating health or education and life chances, the government can’t do it on our own. 

    And if we try to, we won’t have as much impact as if we work with partners. 

    So I just want to say a massive thank you to everyone here at the club for the work that you do as a proper community-rooted club. 

    This is a town that occupies a special place in my heart through a lot of happy memories from visits to Pleasure Beach as a kid. 

    I’ve got family up the road in Preston, too. And National Union of Students conferences in Winter Gardens during my student years, some of which I can still remember. 

    But as Health and Social Care Secretary, Blackpool is on my mind for less happy reasons: its health outcomes, which are not only poor, but unjust.   

    England is not an especially large nation. Yet the inequalities between us are huge.  

    Travel 30 miles down the road to Ribble Valley and men live for 8 years longer. 

    A baby girl born here in Blackpool will live 7 years less than one born in Wokingham.

    She will fall into ill health 18 years earlier in life. 

    As the report by the Chief Medical Officer on health in coastal communities puts it, in many working-class towns like this one, people are growing old before their time.  

    [Political content removed] 

    And the gap between the health of the poorest and wealthiest parts of our country have widened. 

    These stark health inequalities are not just down to the health service alone.  

    They are also caused by poverty, a lack of good work, damp housing, dirty air, and the sporting, travel and cultural opportunities which are afforded to the privileged few being denied to the many. 

    It is why I have been driving the NHS so hard to reform, improve productivity and cut waste.  

    Because every pound spent on diagnosing and treating illness is a pound that can’t be spent on tackling the causes of ill health.  

    In the coming days, we will be publishing our 10 year plan, which will set out how this mission-driven government will tackle illness, keep disease at bay, and reduce the health inequalities that shame our society.  

    Our 10 year plan will not just be a plan for the NHS, but a plan for health.  

    It will tackle illness at source through a whole-society approach, with a shift in focus from treating sickness to preventing it in the first place. 

    Already this government is taking action. The Education Secretary, Bridget Phillipson, is rolling out primary school breakfast clubs and free school lunches to millions of children, so they walk into the classroom with hungry minds not hungry bellies.  

    Angela Rayner, Deputy Prime Minister, is building a new generation of homes, and along with our Business Secretary, Jonny Reynolds, introducing sick pay from day one in the job. 

    The Chancellor, Rachel Reeves, has given workers on the minimum wage a £1,400 pay rise this year. 

    The Work and Pensions Secretary, Liz Kendall, is giving disabled people the right to work, so they can take up a job opportunity, knowing if things go wrong they can go back to the support they had before without the jeopardy or fear of missing out or being back to square one.   

    Our Energy Secretary, Ed Miliband, is extending the Warm Home Discount, helping keep millions more households warm this winter. 

    And our Environment Secretary, Steve Reed, is cleaning up our rivers and seas from sewage. 

    So, you can see that just those steps we’ve already taken less than a year in office that Keir Starmer’s government is determined to lift people out of poverty, tackle inequality and improve the health of our society. 

    [political content removed] 

    Today, I want to set out how our reforms to the NHS will fundamentally improve the health of working-class communities. 

    NHS founded on principle of equity 

    The National Health Service was founded to end grotesque inequality in access to healthcare.  

    Before 1948, working people avoided the doctor unless they absolutely needed to see one, because of the costs being so prohibitive.  

    Diseases such as rickets, scurvy and diphtheria were common amongst children. 

    The solution was revolutionary – universal healthcare, publicly funded, free at the point of need.  

    And as the NHS’s founder, my predecessor, Nye Bevan, promised, the NHS lifted the shadow from millions of homes and eradicated the fear of illness from people’s hearts.  

    It has been one of the great levellers of our society. The greatest institution this country has ever built. 

    But as the NHS was neglected and left to decline after 2010, it contributed toward the widening gap between rich and poor. 

    Two-tier healthcare 

    Waiting times soared, and a 2-tier healthcare system emerged, where those who can afford it pay to go private, and everyone else was being left behind. 

    [political content removed] 

    The NHS was never intended to just be a safety net for those who cannot afford to pay.  

    Such a system would be doomed to ever-declining quality care. 

    Taxpayers would question why they continue to pay for a service they don’t use.  

    Inevitably, the NHS would become a poor service for poor people. 

    Since its foundation, we have always aspired to an NHS that is universal in provision so that everyone receives high-quality care.  

    [Political content removed] 

    With our Plan for Change, the NHS is on the road to recovery. Since the general election, we have: 

    • recruited an extra 1,700 GPs to the frontline 

    • delivered an extra 3.6 million appointments for planned care and delivered on our promised 2 million in our first year 

    • diagnosed an extra 187,000 suspected cancer patients on time 

    • cut waiting lists in the month of April for the first time in 17 years 

    • cut waiting lists to their lowest level in 2 years 

    • cut waiting lists by almost a quarter of a million patients

    Each one of those patients we have taken off the waiting list is free from pain and in some cases disability, because of the decisions this government has taken. 

    I’m not here to do victory laps. I know that for the almost a quarter of a million people who have received faster treatment, there are more than 7 million cases still waiting.  

    We’ve done a lot but there’s so much more to do. Especially for towns like Blackpool. 

    Tackling inequalities 

    While there are so many social determinants of ill-health that need to be addressed, the fact is that the NHS doesn’t do enough to address the unjust, unequal way in which illness presents itself in our country.  

    In fact, it sometimes entrenches it. 

    General practice was neglected and declined across the board for more than a decade [political content removed].  

    But that doesn’t explain why there are 300 more patients per GP in the poorest communities, compared with the richest. 

    As I spoke about on Monday, far too many parents and their babies have been failed by maternity services.  

    But failing services don’t explain why Black women are almost 3 times more likely to die from childbirth than White women. 

    Black men are twice as likely to get prostate cancer than White men.  

    But given we know the risk is greater, and given we know how to catch cancer early, that doesn’t explain these sorts of inequalities given the evidence is there. 

    For those in greatest need often receive the worst-quality healthcare.  

    This fact flies in the face of the values upon which the NHS was founded.  

    A core ambition of our 10 year plan is to restore the promise of the NHS, to provide first class healthcare for everyone in our country. 

    Whoever you are, whatever your background, wherever you live. 

    NHS solutions 

    [Political content removed] 

    It has fallen to this government to rebuild the NHS for all of us.  

    We are starting where the need is greatest. 

    [Political content removed] 

    We’ve sent crack teams of top clinicians to hospitals around the country, where the highest numbers of people are off work, off sick, to help them cut waiting lists faster. Therefore, getting people not just back to health but back to work. 

    We are delivering on our manifesto commitment to fill in dental deserts, by paying dentists extra to come to work in underserved areas. 

    And today I can announce that we will go further. 

    In recent years, billions of pounds have been put aside for NHS trusts who let their spending get out of control and run up deficits.  

    It’s essentially a bailout fund for poor financial management.  

    I am working with Jim Mackey, Chief Executive of the NHS, to end that culture of rewards for failure. 

    Thanks to the reforms we’ve made to bear down on wasteful spending, the fund will not go to trusts which run deficits this year. 

    We can reinvest that money in the frontline, so it isn’t spent on rewarding poor performance but to improving poor health. 

    The £2.2 billion will fund more effective care – such as innovative medicines, modern technology and services that keep people out of hospital – all going to the places where they are most needed. 

    GP practices serving more deprived areas receive 10% less funding per needs-adjusted patient than poorer parts of our country and have 300 more patients per GP as a result.  

    So, working with the British Medical Association, we will review how health need is reflected in funding for general practice (known to the wonks in the room as the Carr-Hill formula), with a sharp focus on money following need. 

    Where health needs are greatest and GPs fewest, we will prioritise investment to rebuild your NHS and rebuild the health of your community. 

    NHS as anchor institution 

    I said in my first week in this job, the NHS has a part to play in dragging our country out of the sluggish growth and low productivity the government inherited. 

    It is the biggest employer in many towns in England.  

    In coastal towns like Blackpool, where far more people are off work due to long-term sickness, the NHS has a dual role to play.  

    Not just getting patients off waiting lists and back to work, although we are doing that. 

    The health service should also act as an engine of local economic growth, giving opportunities in training and work to local people. 

    Working in the NHS is rightly seen as a high status, secure job.  

    But many people see it as unachievable and out of their reach. 

    On a visit to King George Hospital in my own neck of the woods, I saw first-hand a brilliant programme, Project SEARCH, that supports 17 to 19 year olds who are learning disabled and/or autistic, with internships that give them experience of a wide range of paying jobs, as well as coaching on things like preparing a CV and interview skills.  

    One of them, Muhammed Patel, shared with me how much he had loved the experience and hoped for a career in the NHS.  

    Months later, he messaged me on Instagram to tell me he’s got a job.  

    He’s not the only one.  

    Project SEARCH aims to get every young person on their programme a job in the NHS or with another employer and is succeeding.  

    So today we are launching a new pilot, backed by £5 million, to help recruit an additional 1,000 people to the NHS from areas worst hit by unemployment. 

    The programme will offer a ladder into the world of work for people who find it hardest to break out of unemployment, including over 50s, unpaid carers and disabled people. 

    They will gain the skills needed in health and care, alongside support with job applications and work placements, kickstarting what will hopefully be a long-term and rewarding career in our health and care sectors, where they will more than repay the investment we’re making in them today. 

    Patient power revolution 

    Finally, our 10 year plan will address one of the starkest health inequalities, which is often written out of this conversation. 

    It is the unequal access in our society to information, choice and control over our own healthcare. 

    When I was diagnosed with kidney cancer, colleagues in Parliament asked where I was being treated and who my surgeon was.  

    They just wanted to make sure I was receiving the best possible care.  

    Luckily, the NHS had already assigned me a world-class surgeon who saved my life.  

    But those are questions that my mum, a cleaner here in Lancashire, would never think to ask and would certainly never ask. 

    When the wealthy receive a diagnosis, they already know the best surgeons and can push to get the best care.  

    But working-class people can’t.  

    If the wealthy are told to wait months for treatment, they can shop around. But working-class people can’t.  

    And if the wealthy want instant information about their own health, they can pay for an app that allows them to speak to a doctor over the phone, 24/7.  

    But working-class people can’t. 

    This is not just grossly unfair. It presents an existential risk to the health service. 

    More than any other age group, this generation of young people are prepared to opt-out of the NHS.  

    Last year the biggest increase in private hospital admissions was for people under the age of 40.  

    Almost half of young people say they would consider going private if they needed care.  

    The NHS feels increasingly slow and outdated to the generation that organises their lives at the touch of a button.  

    If you get annoyed at Deliveroo not getting your dinner to you in less than an hour, how will you feel being told to wait a year for a knee operation? 

    A failure to modernise risks this generation walking away from the NHS, first for their healthcare and then with their taxes.  

    People won’t accept paying higher and higher taxes to fund a health service that no longer meets their needs. 

    And the lack of control people feel over their own lives is made worse by an analogue, ‘computer says no’, NHS. 

    We can only close this inequality and shut down this risk to the NHS’s future through a revolution in patient power.  

    The ambition of our 10 year plan is nothing less than to provide NHS patients with the same ease, convenience, power, choice and control that’s afforded to private patients. 

    The good news is that technology gives us the opportunity to democratise healthcare in a way never before possible.  

    It can empower patients with choice and control and make managing our healthcare as convenient as doing our shopping or banking online.  

    Technology can be the great leveller. 

    Look at what Martin Lewis, the Money Saving Expert, has done for personal finances.  

    For ordinary people who sign up to his newsletter – and I’m one of them – who could never afford their own financial adviser, it is simple and easy to make your hard-earned money go further – if you’ve got access to the right advice.  

    Our 10 year plan for health will do the same for NHS patients, giving them easy access to information to help them improve their health. 

    We will introduce a tool on the NHS App called My Companion.  

    It will provide all patients with information about their health condition, if they have one, or their procedure, if they need one.  

    It will get patients answers to questions they forgot or felt too embarrassed to ask in a face-to-face appointment.  

    So, the next time you’re at an appointment and you’re told something that doesn’t sound right, you will have at your fingertips the information you need to speak up confidently. 

    And we will give every patient meaningful choice, through a new tool called My Choices.  

    It will show patients everything from their nearest pharmacy to the best hospital for heart surgery across the country, with patients able to choose based on their preference.  

    If NHS providers know that their waiting times, health outcomes of their patients, and patient satisfaction ratings will all be publicly available, they will be inspired to respond to patient choice, raise their game and deliver services that patients value. 

    Not everyone will want a choice.  

    Many just want their local hospital.  

    That’s fine and will always be a default option.  

    But we know that at the root of many inequalities in health outcomes is a failure to listen to patients.  

    A ‘one size fits all’ approach often misses the distinct needs of women, people from ethnic minority backgrounds or people living in rural communities.  

    And we will only deal with the grotesque health inequalities in our society by empowering all patients. 

    Conclusion 

    In the months leading up to the founding of the NHS, Nye Bevan said: 

    For a while it may appear that everything is going wrong.  

    As a matter of fact, everything will be going right because people will be able to complain.  

    They complain now, but no one hears about it. 

    He promised that a National Health Service would put a “megaphone to the mouth of every complainant, so that it can be heard all over the country.”

    [political content removed] 

    We have always believed that public services exist to serve the interests of the pupil, the passenger, the patient above all else.    

    And the driving force behind the work this government does every day is the principle that whatever class you come from, everyone deserves world-class services. 

    We expect nothing less from what we expect for ourselves, and that is why we’re determined to get our NHS back on its feet, to make sure it’s fit for the future and put power in the hands of every patient. Thank you.

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Africa: Afreximbank Launches 2025 Report on African Trade in a Shifting Global Financial Landscape

    African Export-Import Bank (Afreximbank) (www.Afreximbank.com) today launched its flagship African Trade Report 2025, themed “African Trade in a Changing Global Financial Architecture”, during the Afreximbank Annual Meetings (AAM2025) in Abuja.

    Download Document: https://apo-opa.co/3FY7kKJ

    The report looks at the performance of Africa’s trade in a challenging global environment charaterised by rising geopolitical tensions, new trade barriers, and financial uncertainty—and analyses how the continent could leverage these challenges into opportunities to enhance its resilience and navigate the evolving landscape.

    Professor Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank, said: “This year’s report provides a compelling roadmap for Africa to reposition itself in a volatile global economy. From strengthening trade finance systems to accelerating the AfCFTA, the message is clear: Africa must turn global fragmentation into an opportunity for industrialisation, digital progress, and greater control over its financial systems.”

    Dr. Yemi Kale, Afreximbank’s Group Chief Economist and Managing Director of Research, added: “Despite global headwinds, Africa’s trade rebounded strongly in 2024, with trade between African countries growing by 12.4% to reach US$220.3 billion, from a contraction of 5.9% in 2023. This shows the tangible benefits of AfCFTA implementation, even as the continent contends with rising inflation, sovereign debt risks, and a persistent trade finance gap.”

    The report shows that Africa’s total merchandise trade recovered, surging by 13.9% in 2024, to US$1.5 trillion, following a 5.4% contraction in 2023. However, Africa still makes up only 3.3% of global exports. That’s a clear signal. The continent must do more by moving away from commodity exports and accelerating its industrialisation process if it is to enhance its integration into global value chains and boost intra-African trade. It also needs better access to trade finance to bridge the gap estimated at about US$100 billion.

    While the global economy slowed to 3.3% growth in 2024 and is expected to dip further in 2025, Africa held steady. The continent’s economy grew by 3.2%, helped by strong commodity prices and better public finances. Still, growth remains uneven across the continent.

    Afreximbank’s African Trade Report 2025 emphasises the importance of advancing the African Continental Free Trade Area (AfCFTA), which is becoming a foundation for trade resilience across the region. It also highlights the expanding use of the Pan-African Payment and Settlement System (PAPSS), which is helping to reduce reliance on foreign currencies and making cross-border trade more efficient.

    In addition, the report offers practical guidance on making trade rules and regulations more consistent across countries, unlocking investment from African institutions like pension funds and sovereign funds, and using Africa’s new seat in the G20 to push for overdue global reforms. This includes ensuring a fairer share of global financial resources, such as Special Drawing Rights, an international reserve currency created by the IMF and increasing access to climate finance. It also calls for changes in credit ratings to better reflect the strength and potential of African economies.

    The report highlights the growing significance of the Alliance of African Multilateral Financial Institutions (AAMFI), as it is increasing funding for development and helping to rebuild a financial ecosystem that works better for Africans. In 2024, Afreximbank alone disbursed more than US$17.5 billion in trade finance. It plans to increase that amount to US$40 billion by 2026.

    As Africa faces a rapidly changing global environment, the report offers more than just analysis. It provides a clear and practical plan for building a stronger, fairer, and more resilient African economy, driven from within the continent.

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa1), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

    MIL OSI Africa

  • MIL-OSI Africa: Oando Posts 172% Growth in Gross Profit in Q1 2025 Financial Report as Crude Oil Production Increases 132%


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    Oando (www.OandoPLC.com), one of Africa’s leading indigenous energy solutions providers, has ended the first quarter of the year on a high with the publication of ₦933 billion revenue in its Q1 2025 unaudited results. This performance comes in the wake of its recent release of its 2024 FY Audited Financial Statement, where it reported a 44% year-on-year revenue increase to ₦4.1 trillion compared to ₦2.9 trillion in FY 2023 and a 267% increase in Profit-After-Tax to ₦220 billion.

    Oando, like a few indigenous oil and gas companies in Nigeria, who keyed into the International Oil Companies (IOCs) divestment of onshore assets, has begun reaping the gains of its acquisition of Nigerian Agip Oil Company (NAOC) from Italian oil giant, Eni.

    An analysis of Oando’s financials shows that the company’s turnover grew by 2% year-on-year to ₦933 billion in Q1 2025 compared to ₦915 billion in Q1 2024. Additionally, the company posted a 172% increase of ₦85 billion in Gross Profit in Q1 2025 compared to ₦31 billion in Q1 2024, reflecting stronger E & P margins. In its upstream business, crude oil production rose 132% to 11,369 bopd, gas volumes grew by 56% to 25,185 boepd, and NGL production increased 30% to 1,040 bpd. The company recorded zero lost-time injuries (LTIs) and 12.3 million LTI-free hours, underscoring continued HSE excellence. In addition, the company achieved average daily production of 37,595 boepd (within guidance), up 72% year-on-year, driven by the full consolidation of NAOC assets and well reactivations. The company was awarded operatorship of Block KON 13 in Angola, marking its strategic entry into the Kwanza Basin, Angola and expanding Oando’s African upstream footprint.

    Speaking on the Q1, 2025 financial results, Wale Tinubu CON, Group Chief Executive, Oando PLC remarks  “Q1 2025 marked a strong start to the year for us, with a 72% year-on-year increase in production volumes as a result of the successful integration of the NAOC assets into our portfolio, improved asset reliability and the reactivation of shut-in wells, reflecting early wins from our focus on operational efficiency and disciplined execution.

    Beyond Nigeria, we have expanded our regional presence with our entry into Angola’s Kwanza Basin marking a major milestone in scaling our upstream footprint across Africa. Similarly, being named preferred bidder for the Guaracara Refinery in Trinidad and Tobago demonstrates the strength of our integrated business model, our growing role in the Afro-Caribbean landscape, and a reflection of our evolution into a more geographically diversified energy company.”

    There is evidence of a trend in the upward financial trajectory in the industry, as Seplat recorded revenues of N1.228 trillion, a 350% increase. Similarly, Aradel reported revenues of ₦199.9 billion, up 97.6%, and Profit after Tax of ₦34.2 billion, up 55.3%.

    In its downstream trading business, Oando Trading reported six (6) crude oil cargos (5.96 MMbbl) traded in Q1 2025, up from four (4) cargos (4.86 MMbbl) in Q1 2024, driven by stronger offtake execution.

    In its renewable energy business, Oando Clean Energy (OCEL) recorded 53,941 EV rides in Q1 2025 and 42,779 kg of CO₂ emissions averted through two (2) operational e-buses under the electric mobility programme operating in Lagos.  It also successfully published Nigeria’s National Wind Resource Capacity Report, identifying state-level wind potential across the country.

    Speaking on the outlook for 2025, Wale Tinubu CON, commented “Following a transformative 2024, our priority is to maximize the value of our expanded upstream portfolio through targeted infrastructure upgrades, rig-less well interventions and an extensive drilling programme in the second half of the year. These activities are now enabled by the working capital we have secured, giving us financial flexibility to accelerate execution. We are also taking decisive action to restructure our balance sheet towards restoring financial resilience.”

    Oando is targeting a full-year production of 30–40 kboepd maintained, driven by a balanced capital programme of three (3) new wells, nine (9) workovers, and six (6) rig-less interventions. The company is also projecting capex of $250–270 million focused on drilling, infrastructure, and ESG projects, with a 20% cost reduction goal. The company has set a trading guidance for its Trading subsidiary of 25 – 35 MMbbl crude oil; 750,000 – 1,000,000 MT refined products. For its renewable energy arm, Oando targets the deployment of 50 electric buses and progress its solar PV module assembly plant toward Final Investment Decision (FID).

    These plans are strengthened by the company’s recent announcement of the successful upsizing of its reserve-based lending (“RBL2”) facility to $375 million. This critical financing will significantly improve the Company’s ability to achieve its production target of 100,000 barrels of oil per day (bopd) and 1.5 billion cubic feet (Bcf) of gas per day by the end of 2029.

    These Q1 2025 results reinforce the growing momentum among indigenous operators in Nigeria’s upstream sector, who are beginning to demonstrate operational efficiency and financial resilience following recent asset acquisitions. With a 2% rise in revenue, a remarkable 172% surge in gross profit to ₦85 billion, and a 72% increase in average daily production, all within guidance, Oando’s performance signals not just the viability of the transition from IOC to indigenous ownership, but also the increasing capacity of local players to deliver value and drive long-term growth in Nigeria’s energy landscape.

    Distributed by APO Group on behalf of Oando PLC.

    MIL OSI Africa

  • MIL-OSI Africa: Northern Ocean Chief Executive Officer (CEO) to Speak at African Energy Week (AEW) 2025 Amid African Market Expansion

    Africa’s premier energy event, African Energy Week (AEW) 2025: Invest in African Energies, will welcome Arne Jacobsen, CEO of international drilling contractor Northern Ocean, as a featured speaker. As operator of two of the world’s most advanced offshore drilling rigs, Northern Ocean’s participation is vital to discussions on Africa’s offshore hydrocarbons potential and the strategic role that service companies play in unlocking that potential. 

    Under Jacobsen’s leadership, Northern Ocean has expanded its footprint across Africa with its Deepsea Mira and Deepsea Bollsta rigs supporting major offshore projects since 2022. Notably, the Deepsea Mira played a key role in appraising TotalEnergies’ landmark Venus oil discovery offshore Namibia in 2024 and continued operations in the Orange Basin with the Tamboti-1X exploration well in early 2025. 

    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

    In Q2 2025, the Deepsea Bollsta completed a one-well contract with a Chevron subsidiary in Namibia. Currently undergoing maintenance, the rig will remain stationed in Africa throughout 2025, underscoring Northern Ocean’s commitment to expanding its presence in the continent’s upstream oil and gas sector. In Ghana, Northern Ocean is advancing its strategic partnership with Springfield Group, following a successful well test on the Afina 1X appraisal well in Q4 2024. Plans are underway for a long-term field development contract utilizing the Deepsea Bollsta, expected to commence by mid-2025. 

    “Increasing offshore exploration is key to unlocking Africa’s vast energy resources and driving sustainable economic growth across the continent. Northern Ocean’s advanced drilling capabilities and steadfast commitment will play a critical role in transforming Africa’s estimated reserves into tangible development outcomes that benefit millions,” says NJ Ayuk, Executive Chairman, African Energy Chamber.  

    As major operators prepare to scale up exploration activities in South Africa and Namibia through 2025 and beyond, Northern Ocean is well-positioned to capitalize on this growth. AEW 2025: Invest in African Energies provides an ideal forum for Jacobsen to engage with governments, national oil companies and private sector leaders to forge long-term partnerships and secure new contracts. 

    Distributed by APO Group on behalf of African Energy Chamber.

    MIL OSI Africa

  • MIL-OSI China: Beijing SOEs drive innovation with tech, green solutions

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

    Beijing’s state-owned enterprises (SOEs) are accelerating innovation and growth by embracing advanced technology, digital tools and green initiatives as part of efforts to boost high-quality development.

    At Beijing Jingcheng Machinery Electric Holding Co.’s (JCMEH) Smart Manufacturing Innovation Center in Yizhuang, advanced robots demonstrate high-precision skills, from juggling ping-pong balls thousands of times to maneuvering probes through tight spaces.

    Wang Kai, head of investment development at JCMEH, said robotics is a strategic growth industry for Beijing.

    The company’s Paitian Robot is gaining market influence across various industrial applications, and robotics is becoming a significant and growing part of the company’s revenue.

    Beijing’s East Sixth Ring Road Tunnel now uses a “smart brain” platform to instantly detect anomalies, alerting staff with live video and key details within seconds to enable rapid emergency responses.

    Liu Cheng, head of technology development for the platform, said the system uses more than 80,000 sensors to gather detailed, real-time data.

    Building on this success, parent company Beijing Capital Highway Development Group is expanding its digital push with its One Map system for expressway management and AI-powered toll collection.

    Green and intelligent manufacturing is on full display at BAIC BJEV’s super factory in Miyun Park, part of Zhongguancun Science Park. The plant, with an annual capacity of 120,000 vehicles, is largely automated, using more than 600 robots for stringent quality control.

    Wang Hui, general manager of the factory, said that key processes in stamping, body and painting workshops are fully automated. The facility also uses green technologies such as silane pre-treatment, achieving zero energy and heavy metal emissions in painting and recycling more than 80% of its air.

    This commitment to advanced, intelligent and green practices has made it the only auto factory in Beijing to meet strict water source protection standards, setting a new benchmark for manufacturing in the capital.

    MIL OSI China News

  • MIL-OSI China: Beijing’s commercial space sector shoots for new heights

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

    Beijing’s Haidian district is rapidly emerging as a hub for China’s commercial space industry, boasting over 300 high-tech enterprises in the sector and the nation’s most comprehensive industry chain, officials said at a recent press event.

    GalaxySpace, based in Haidian district, is China’s first unicorn in commercial aerospace and satellite internet. The company has logged several milestones, including launching the country’s first flat-panel satellite powered by flexible solar panels and pioneering mass production of low-orbit broadband communication satellites. GalaxySpace also built China’s first low-orbit broadband test network and oversaw the first overseas deployment of China’s low-orbit satellite internet.

    The cost to launch a satellite has drastically fallen from over a billion yuan to the millions in recent years, thanks to continuous technological breakthroughs and innovation in manufacturing.

    GalaxySpace has built a manufacturing line that integrates human-machine collaboration, using assembly robots, intelligent equipment and digital manufacturing systems.

    The line supports the full production process for satellites weighing between 100 and 2,000 kilograms, with an annual capacity of 100 to 150 medium-sized satellites. The approach has shortened the development cycle by 80%, making true mass production possible.

    As a result, GalaxySpace’s supplier network has expanded from just over 100 partners in 2018 to more than 1,300 today, with more than half being private enterprises.

    Beijing’s commercial space industry now covers the entire value chain, from launch vehicles and satellite manufacturing to ground stations, terminal equipment and satellite application services, creating the most comprehensive ecosystem of its kind in China.

    Looking ahead, the city plans to accelerate technological innovation, with plans to achieve orbital recovery and reusable rocket flights by around 2026.

    MIL OSI China News

  • MIL-OSI China: Beijing highlights successes on National Low-Carbon Day

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

    A themed event was held in Beijing on Wednesday to mark the 13th National Low-Carbon Day, highlighting the city’s thriving carbon market and leadership in green development.

    The carbon market serves as a crucial tool in addressing climate change and accelerating a green, low-carbon transformation of the economy.

    Beijing began piloting a carbon emissions trading scheme in 2013, putting in place a regulatory framework supported by local laws, government guidelines and technical standards.

    At the event, officials noted that major emitters, particularly those with significant carbon output, have achieved substantial reductions.  

    Companies in Beijing now receive about 0.06 yuan in compensation from the carbon market for every kilowatt-hour of green electricity consumed, delivering clear economic benefits.

    Driven by these incentives, green electricity consumption by key emitters continues to grow. In 2024, over 140 companies participated in green electricity trading, representing nearly 70% of all transactions in the city’s carbon market.

    Five low-carbon projects from Beijing were named among the nation’s outstanding initiatives during the event.

    MIL OSI China News

  • MIL-OSI China: China’s non-financial ODI up 2.3% in first five months

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

    China’s non-financial outbound direct investment (ODI) rose 2.3 percent year on year in the first five months this year, official data showed Thursday.

    Total non-financial ODI of the country amounted to 61.6 billion U.S. dollars during the period, according to the data released by the Ministry of Commerce. 

    MIL OSI China News

  • MIL-OSI Banking: 19th Meeting of the ASEAN-Japan Joint Cooperation Committee convenes

    Source: ASEAN

    The 19th Meeting of the ASEAN-Japan Joint Cooperation Committee (AJJCC) was held today on 26 June 2025 at the ASEAN Headquarters/ASEAN Secretariat. The Meeting reviewed the progress of ASEAN-Japan cooperation under the Comprehensive Strategic Partnership and discussed its future direction, including preparation for the 28th ASEAN-Japan Summit in October this year.
     

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: New Homes England 2024 to 2025 housebuilding statistics published

    Source: United Kingdom – Executive Government & Departments

    Press release

    New Homes England 2024 to 2025 housebuilding statistics published

    Today’s statistics show the number of housing starts on site and completions delivered by Homes England between 1 April 2024 and 31 March 2025.

    Housing programmes delivered by Homes England resulted in 38,308 new houses starting on site and 36,872 new homes completed between 1 April 2024 and 31 March 2025. This represents an increase in both starts (by 5%) and completions (by 12%) compared to the same period the previous year.   

    30,087 of new starts on site were for affordable houses — a 0.6% increase on the previous year, and representing 79% of all starts.  

    Of the affordable homes started in this period:  

    • 5,680 were for social rent, an increase of 43% on the previous year  

    • 2,800 were for intermediate affordable housing schemes, including shared ownership and rent to buy — a decrease of 27% on the previous year 

    • 2,665 were for affordable rent, a decrease of 18%.  

    • The tenure is still to be confirmed for a further 18,942 of the affordable homes starts (a 1% increase on this figure for the same period last year). 

    Of the affordable housing starts delivered, 96% were delivered from the Affordable Homes Programme 2021 to 2026, up from 74% on the same period last year. This is because the Shared Ownership and Affordable Housing Programme (SOAHP) 2016 to 2021 closed to new business and finished delivering housing starts in March 2024. Over its lifetime, it exceeded its target of 130,000, delivering 136,169 affordable starts on site. It is due to finish delivery of completions by March 2026.  

    28,370 of the housing completions for this period were for affordable homes. This is a 15% increase on the previous year, and represents 77% of all completions. This increase can be attributed to the maturing of the Affordable Homes Programme 2021 to 2026, where the starts from the first couple of years develop into completions. 

    Of the affordable homes completed in this period:  

    • 10,755 were for affordable rent, an increase of 15% on the same period last year  

    • 11,883 were for Intermediate Affordable Housing Schemes, an increase of 13%  

    • 5,732 were for social rent, an increase of 33%. 

    Eamonn Boylan, Chief Executive of Homes England, said:  

    The statistics published today demonstrate the commitment and determination of the sector to build the new homes and communities the country needs.  

    It also shows the importance of programmes like the Affordable Homes Programme (AHP) to enable the delivery of these much-needed homes — and comes hot on the heels of the government committing a further £39 billion in funding to affordable homes over a 10 year period, giving confidence and certainty to the sector.  

    We’ll be working closely with the government on the operationalisation of this funding over the coming months, alongside other new initiatives such as the creation of the National Housing Bank, whilst continuing to work closely with local leaders to understand local needs, and providers to ensure they have the support to meet that need.

    Notes to Editors  

    All ‘tenure to be confirmed starts’ originate from Strategic Partnerships (SP) where providers are not contractually required to identify the tenure of a unit until completion. These starts will be restated under their specified tenure headings in future national statistics updates once the tenure has been established at completion. Homes England also manages the Help to Buy equity loan scheme in England (including in London on behalf of the GLA). However, the completions are reported by the Ministry of Housing, Communities and Local Government (MHCLG) and, therefore, are excluded from these statistics. 

    National housing statistics are published twice a year showing half and full year starts and completions as part of planned national statistical releases. The next release is half year starts and completions, which are due to be published in November or December 2025. Housing figures cannot be provided outside of these official releases.  

    Homes England programmes are funded by central government to enable private registered providers, house builders, community groups and local authorities to deliver affordable housing.  

    This release presents the housing starts on site and housing completions delivered by Homes England between 1 April 2024 and 31 March 2025 in England excluding London (for both the current and historical series) with the exception of the Build to Rent (BtR), Builders Finance Fund (BFF), Get Britain Building (GBB), the Home Building Fund – Short Term Fund (HBF-STF) and the Home Building Fund (HBF) programmes which are administered by Homes England on behalf of the Greater London Authority (GLA) and where delivery covers all of England including London.  

    Since April 2012, the Mayor of London has had oversight of strategic housing, regeneration and economic development in London.  

    The list of programmes included in these totals are detailed in the official housing statistics report.

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Synergy of Practice and Science: IPMET at the Main Economic Forum of the Country

    Translation. Region: Russian Federal

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

    Teachers, scientists, postgraduates and students of the Institute of Industrial Management, Economics and Trade took an active part in the work of the XXVIII St. Petersburg International Economic Forum. Polytechnic representatives conducted professional examinations, spoke at panel sessions, attended open lectures, master classes and platforms of industrial partners.

    IPMEiT employees worked as accredited experts of the Roscongress Foundation. Dmitry Rodionov, Director of the Higher School of Engineering and Economics, acted as an expert in two sections that were in the sphere of professional and scientific interests of VIES: “Development of Russian Regions: Partnership between the State and Business to Achieve National Goals?” and “Universities on the Path to a New Model of Higher Education”. Analytical expertise of discussions related to strengthening the financial culture in terms of long-term savings, as well as ensuring the development of technological leadership in cooperation between universities and industry, was carried out by VIES Associate Professor Daria Krasnova. Olga Kalinina, Director of the Higher School of Industrial Management, worked as an expert in the specialized sections “Cooperation of Universities and Industries to Achieve Technological Leadership Goals” and “Modern Labor Market: Search for Answers to Global Challenges”.

    SPIEF gives the university a key advantage – an exit from the academic environment into the real sector. Collaborations are born here that translate theoretical research into the practical plane, – notes VIES Director Dmitry Rodionov.

    A regular participant of the SPIEF, director of the Scientific and Educational Center for Information Technologies and Business Analysis of Gazprom Neft, and professor at VIESH Irina Rudskaya noted that participation in the forum for the university is not just a status event, but a strategic opportunity.

    The forum allows us not only to evaluate our competencies, but also to integrate into the global expert-business agenda, find practical application for scientific developments and form long-term partnerships with industry leaders, says Irina Andreevna.

    Head of the System Dynamics Research Laboratory Angi Skhvediani conducted expert work in the sections “Bioeconomics in the global agenda” and “Artificial intelligence: from discussion to implementation”. Professor Tatyana Kudryavtseva carried out expertise in sections devoted to the digitalization of the contract system of Russia and discussion of forms of financing infrastructure projects necessary to maintain economic growth. Senior researcher of the laboratory Valeria Arteyeva acted as an expert in sections where the current state of the labor market and prospects for the emergence of new professions were discussed.

    During the work at the forum, we identified relevant and promising areas for conducting fundamental and applied research in areas such as the implementation of AI, analysis and forecasting of the labor market, and the development of the public procurement system. This knowledge will make the results of the laboratory’s work more in demand both in the academic and business environments, – comments the head of the Scientific Research Laboratory “System Dynamics” Angi Skhvediani.

    Professor of the Higher School of Service and Trade Sergey Barykin worked as an expert in two sections: “Cross-border electronic trade: launching new rules” and “Cyclic industries in the Russian economy and its development”.

    The results of the examinations will be published in the Roscongress Information and Analytical System, as well as on other information resources of the Roscongress Foundation and public publications.

    Director of the Higher School of Political Science Olga Kalinina and Associate Professor of the Higher School of Economics Daria Krasnova took part in the panel discussion as experts from the All-Russian Public Opinion Research Center (VTsIOM) with the aim of collecting feedback on the main substantive and organizational aspects of the forum, where they shared their experience of conducting examinations, and also conducted an analysis of the activity and demand for visiting youth sections.

    Professor of the Higher School of Service and Trade Sergey Barykin took part in the session of the section “Neoethics in the era of neurotechnology” with the aim of developing theoretical approaches for socio-economic development based on neural network technologies for the development of the scientific school of the Higher School of Service and Trade “Socio-economic forecasting and improving the quality of life of the population”. He took part in the discussion about the importance of robotics for improving the quality of life of the population at the stand of the Association of Data Processing Centers, and also took part in the meeting with the delegation of Turkmenistan on the issue of expanding international cooperation of the scientific and pedagogical school of the Higher School of Service and Trade.

    Deputy Director of the Institute of Economics and Technology for work with students, Associate Professor of the Higher School of Economics and Technology Maxim Ivanov took part in several events of the SPIEF as part of the development of cooperation between the university and the St. Petersburg Chamber of Commerce and Industry (SPbCCI) and the city’s executive authorities.

    For the forum, the St. Petersburg Chamber of Commerce and Industry prepared a special issue of the magazine “Guide to Russian Business in St. Petersburg”, which was distributed throughout the event at the St. Petersburg stand. In the special issue “St. Petersburg: City of Meanings, Solutions and the Future”, the authors of the Polytechnic University, including Vice-Rector for Educational Activities Lyudmila Pankova, Director of the Higher School of Management Olga Kalinina, Deputy Director of the Institute of Mechanics and Technology Maxim Ivanov, Associate Professor of the Higher School of Management Tamara Selentyeva and Professor of the UNESCO Department “Quality Management in Education for Sustainable Development”, Chairman of the Human Resources Committee of the St. Petersburg Chamber of Commerce and Industry Vladislav Raskovalov prepared a publication “The Role of Mentoring at the University for the Development of the Region’s Human Resource Potential”, which revealed the main trends in the formation of the mentoring institution at the university level and its impact on the sustainable socio-economic development of the region.

    IPMEiT also actively participated in the International Youth Economic Forum “Day of the Future”, held as part of SPIEF-2025. The delegation of the Higher School of Industrial Management, consisting of Director Olga Kalinina, teachers Victoria Vilken, Anton Shaban, Anna Timofeeva, Artem Ivaschenko and twenty students and postgraduates, visited the exhibition stands of the largest companies, got acquainted with new technologies and initiatives in the field of digital economy, sustainable development and regional entrepreneurship. Of particular interest were the discussion sessions: “Marketplaces as a factor in sustainable economic development of regions” and “Hype Economy: Trends vs. Strategies”, where students not only broadened their horizons, but were also able to ask questions to market experts.

    Such events are more than just a forum. They are an environment in which the thinking of future managers is formed. We see how quickly the economic agenda is changing, and it is important that our students are not observers, but active participants in these changes. We are confident that each member of our team took away from the forum new ideas, contacts and motivation for development, – comment GSPM teachers Victoria Vilken and Anton Shaban.

    The Higher School of Business Engineering was represented by Master’s students in the Business Informatics program, Zhasurbek Toshkanov and Alexander Shtern. The students passed the competitive selection at Roscogress and got to the SPIEF as part of the business program “EAEU Model”, the sessions “Dialogue without Borders: Youth Cooperation for the Future” and “Formation of Personal Brand Value: New Tools with the Support of RWB”.

    The forum atmosphere charged us with motivation and inspired us to develop further, opening up new perspectives on personal growth and opportunities! We can confidently say that such events provide a unique opportunity to exchange experiences, make new contacts and get a fresh look at current issues of business development and international cooperation, – note Zhasurbek and Alexander.

    Bachelors of the Higher School of Business Engineering in the Business Informatics program also took part in various events of the forum: Ivan Golikov became a participant of the SPIEF and a resident of the SPIEF Academy, Elena Novokhatskaya took part in the youth day, including the session “Business does not sleep: 360 reviews”, Andrey Shestopalov was a forum employee, and Daria Dolgushina took part in the youth day as part of the Severstal delegation.

    Students of the Higher School of Public Administration also took part in the Youth Day of the forum.

    Participation in SPIEF has become an invaluable experience for me and a real driver of development! This is a unique platform where I was able to immerse myself in the atmosphere of large-scale discussions, meet leading experts and top managers, representatives of business and government, – Arina Shikhova, a master’s student in the direction of “State and Municipal Administration”, shares her impressions.

    Students of the Higher School of Service and Trade, majoring in Trade: Alexander Goncharenko participated in the work of the negotiation rooms, and Alexander Dronov participated in open dialogues at youth meetings.

    The organizers of the SPbPU Case Club, students of the “State and Municipal Administration” and “Management” programs Daria Tomishinetz and Tatyana Izidorova, worked in the sections “Industrial City of the Future: How the Young Can Change Reality” and “Youth Communities as a Tool of HR Policy”. Activists of the “Keen On” conversation club, led by the head of the club, a student of the “Management” program Elina Goricheva, attended the events “Lessons Learned: Successes and Failures in the Business Environment”, “Business Doesn’t Sleep: 360 Analysis” and others.

    Students of IPMEiT also took part for the first time in the SPIEF Academy project, a special platform for students aimed at developing professional skills and leadership potential, as well as creating a dialogue between young professionals and representatives of government, business, culture, sports and other areas.

    For our students, participation in the events of the SPIEF Youth Day becomes an important event every year. This is not just an opportunity to see large-scale business processes from the inside, but also a chance to prove yourself, to communicate with professionals from all over the country and the world. It is important to note that the participation of final-year students opens up additional prospects for employment and professional growth for them, – emphasizes Tamerlan Tuganov, responsible for work with youth and graduates of IPMET.

    Our institute annually takes part in the St. Petersburg International Economic Forum. We approach this event systematically in order to conduct high-quality expert assessment work, speak at panel discussions, and prepare our students and postgraduates for the Youth Day. Students’ interest in the forum is growing from year to year. The forum events have truly become a point of attraction for proactive and talented young people who strive to realize themselves in economics, management, technology, sustainable development, and international cooperation. I would also like to note that the active participation of all Higher Schools indicates high professional interest and demand for the events held at SPIEF-2025. For our institute, the forum has also become a platform for establishing contacts with representatives of business, specialized communities, and government bodies, — Vladimir Shchepinin, Director of the IPMEiT, summed up the results of the institute’s participation in the forum.

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

    MIL OSI Russia News

  • MIL-OSI: Project Financing and Key Long Lead Contracts Confirm Schedule for First Bauxite Shipment in 1H 2026

    Source: GlobeNewswire (MIL-OSI)

    Highlights

    • Credit facility secured from AFG Bank Cameroon (~US$140M), together with proceeds from the recent option exercise by Eagle Eye Asset Holdings Pte Ltd (EEA) (A$15.8M), has paved the way for the purchase of long lead items and appointment of key contractors
    • Canyon in a strong position to commence production at the flagship Minim Martap Bauxite Project in early 2026 and make first bauxite shipment in 1H 2026
    • Locomotives order has been placed with CRRC Ziyang Co. Ltd (CRRC), with first deliveries scheduled for Q1 2026
    • Groundbreaking for the Inland Rail Facility (IRF) scheduled to commence in July 2025
    • Road construction contractor appointed with the haulage road upgrade works planned to commence in July 2025
    • Both the Mining Contractor and Ore Haulage contractor have been appointed and scheduled to mobilise to Minim Martap by end of CY2025 to commence mine production in Q1 2026
    • Remaining 124M options (A$8.7M) held by EEA expected to be converted in June
    • Updated JORC Compliant Mineral Resource and Mineral Reserve Estimates for Minim Martap scheduled for end of July 2025

    PERTH, Australia, June 26, 2025 (GLOBE NEWSWIRE) — Leading bauxite developer Canyon Resources Limited (ASX: CAY) (‘Canyon’ or the ‘Company’) is pleased to announce the purchase of key long lead items and appointment of contractors, as the Company works towards the commencement of production at its flagship Minim Martap Bauxite Project (‘Minim Martap’ or ‘the Project’), located in Cameroon, in early 2026.

    Following the recently secured medium-term syndicated credit facility for ~US$140M with the AFG Bank Cameroon and the Company’s major shareholder and long-term supporter Eagle Eye Asset Holdings Pte Ltd exercising A$15.8M of its options, Canyon is now advancing critical site, port and rail development activities to ensure Stage One operations commence at Minim Martap in Q1, 2026.

    The Company has ordered 22 locomotives from CRRC and expects the first delivery to arrive in Q1 2026, ahead of the scheduled first bauxite shipment in 1H 2026.

    Canyon has appointed the main road construction contractor that will be responsible for upgrading the haulage road from Minim Martap, as well as supporting the development of the Inland Rail Facility (IRF) located in Ngaoundal.

    Groundbreaking at the IRF is expected to commence during the month of July, marking another significant milestone in the Company’s Project development.

    Mr Mark Hohnen, Canyon Executive Chairman commented: ”Since we received our Mining Licence in late 2024, we have moved quickly to deliver on our vision of moving the Minim Martap Bauxite Project into production, and today’s announcement is another big step forward in achieving this major goal.

    “I am incredibly proud of the tireless effort and commitment displayed by our team in recent months to get to this point. The support from our strategic partner and major shareholder, Eagle Eye, has been critical in the progress we’ve made to date, and the ongoing support from key stakeholders and shareholders holds us in good stead as we continue to accelerate our work program and move towards production in 1H 2026.

    “The loan agreement with AFG Bank Cameroon and the proceeds from Eagle Eye’s option exercise has put us in a strong position to advance critical workstreams for Stage One operations at Minim Martap. With the key contracts in place or close to being finalised, Canyon can now work towards finalising the Definitive Feasibility Study, which has a dedicated focus on a two stage ramp up strategy, positioning us for success upon the commencement of production.

    “Progress across all key aspects of the development of Minim Martap is on schedule and we anticipate breaking ground at the Inland Rail Facility in the coming weeks. The IRF, which is situated near the existing Makor Railway Station, will serve as the loading station for wagons of bauxite ore brought by road from the Project. The construction of this key piece of infrastructure will secure our transport supply chain from the mine to the Port of Douala, where we will then ship to our offtake customers.

    “In addition, we are also working towards updating Minim Martap’s Mineral Resource and Mineral Reserve Estimate and expect to release the results to the market very soon. These successive achievements underpin the strong recognition from the authorities in Cameroon, the local community, and our team in establishing Minim Martap as a key bauxite operation.

    “We are excited to keep this momentum going and establish Canyon as a key supplier of high-quality bauxite ore into a market that urgently needs new sources of long-term supply.”

    Image 1: Signing of the locomotive order with CRRC Ziyang Co. Ltd (CRRC)

    This announcement has been approved for release by the Canyon’s Board of Directors.

    Forward looking statements

    This announcement contains forward-looking statements. These statements can be identified by words such as “anticipate”, “may”, “will”, “expect”, “intend”, “estimate”, “opportunity”, “plan”, “potential”, “project”, “seek”, “believe”, “could”, “future” and other similar words that involve risks and uncertainties. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management that could cause the Company’s actual results to differ materially from the results expressed or anticipated in these statements.

    The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update or revise forward-looking statements, regardless of whether any new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and ASX requirements.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/94a5abef-b500-40ec-bba4-89f9812c5155

    The MIL Network

  • MIL-OSI United Kingdom: How to choose a business rates agent

    Source: United Kingdom – Executive Government & Departments

    News story

    How to choose a business rates agent

    New advice to help you choose a business rates agent.

    The Valuation Office Agency (VOA) has published a new guide if you’re thinking about using an agent to manage your business rates.

    You can manage your business rates yourself by creating a business rates valuation account.

    If you want to appoint an agent, you can use the information below to help you make a decision about who to choose. Don’t let an agent choose you.

    The vast majority of business rates agents are reputable and provide a good service. But a small minority act in bad faith. Our new guide and video can help you avoid them.

    Choosing a business rates agent

    Do your research

    • Check reviews that other customers have posted online.
    • A firm or individual may refer to themselves as a ‘surveyor’, ‘rating advisor’, ‘rating consultant or similar’. This does not mean that they are members of a professional body.
    • Some rogue agents may change their name often to avoid poor reviews or complaints. Find out how long an agent has been using their current business name for free.
    • Speak with other local businesses like yours, particularly when agents make unexpected visits to your property.
    • Ask your local business network or trade body for advice.
    • Appointing an agent who is a member of a professional body may provide extra reassurance as they will be subject to that body’s rules and regulations.

    Beware of big promises

    • Be cautious. If it sounds too good to be true, it probably is. Some agents may promise large savings in your business rates, but they do this by submitting inaccurate information. This could result in penalties or increased rates bills for you.
    • Be wary of any agent who says they are acting on behalf of the VOA or who forwards emails they claim are from the VOA.
    • Read our guidance on identifying and reporting misrepresentation by agents for more on what to look out for.

    Understand your contract

    • Before signing a contract, read the small print and contract terms very carefully.
    • Check how long you’re signing up for.
    • Make sure you know what the total cost is over the full contract period, not just the introductory fees.
    • Make sure you understand all the information presented to you. If you have any doubts, do not sign the contact.
    • Reputable agents should not pressure you into signing a contract.
    • Be cautious of any agent who demands large sums of money up front.
    • Rogue agents may charge substantial fees for providing poor quality submissions using our online Check and Challenge service, which is free to use.

    Appointing an agent

    • You will need to sign up for your own business rates valuation account before you appoint an agent.
    • Use your business rates valuation account to appoint your agent using the code they give you.
    • If the agent’s name in our service does not match the name on your contract, you should be cautious. You should tell us by contacting agentstandards@voa.gov.uk.
    • Do not allow anyone, including agents, to use your business rates valuation account login details. They must have their own account.
    • Read our guidance on appointing an agent for more information.

    After you appoint an agent

    • Keep up to date with what your agent is doing.
    • Use your business rates valuation account to view correspondence between the VOA and your agent.
    • Remember, your business rates are your responsibility. If your agent provides inaccurate information, you might have to pay a penalty or pay any additional rates you owe.
    • If your agent changes or is suspended, it is your responsibility to update the account.
    • Check your account regularly to make sure your details are up to date and that you still authorise the agent to work on your behalf. You should do this every year at least.

    You can read more about the VOA’s agents standards and how to report poor agent behaviour. Our standards set out clear expectations of agents regarding their behaviour and professional practice, and the service they provide to their customers.

    Updates to this page

    Published 26 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: New Graduation of the Presidential Program: Polytechnic University Trained 60 Top Managers for Russian Industry

    Translation. Region: Russian Federal

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

    A ceremony of awarding diplomas to graduates of the Presidential Program for training management personnel for organizations of the national economy of the Russian Federation in St. Petersburg was held in Smolny. This program is implemented by Peter the Great St. Petersburg Polytechnic University on the basis of the Higher School of Technological Entrepreneurship of SPbPU, which is part of the Advanced Engineering School of SPbPU “Digital Engineering” (AES).

    The program is conducted in leading Russian universities on the terms of co-financing from the state budget and is aimed at achieving the key goals of the national project of the Russian Federation “Digital Economy” to ensure technological independence in the field of end-to-end digital technologies that are competitive at the global level, and national security. Students are enrolled based on the results of a competitive selection within the framework of regional quotas. The customer of the program on the part of the state is the Ministry of Economic Development of Russia, the executor is the Federal Resource Center subordinate to it.

    This year, the program’s graduates included 60 heads of research centers and large companies from St. Petersburg, the Leningrad Region and Samara, such as Sberbank, Fuel and Energy Complex of St. Petersburg, Rosseti Lenenergo, Gazprom Transgaz Samara, Concern TsNII Elektropribor, Central Marine Design Bureau Almaz, Gazstroyproekt, Central Research Institute Electron, National Research Center Kurchatov Institute – PNPI, Krylov State Research Center, Central Research and Experimental Design Institute of Robotics and Technical Cybernetics, Corporate University of St. Petersburg, etc.

    Training at SPbPU within the framework of the Presidential program is conducted in two areas: “Enterprise Management in the Context of Digital Transformation” for senior and middle managers implementing large-scale projects, and “Innovation Management in the Context of the Digital Economy” for specialists and managers implementing operational management of enterprise activities.

    The main objectives of the program: development of skills for implementing innovations in the context of the digital economy and managing the digital transformation of a company, their adaptation to the requirements of the digital industry and digital production, the formation of a system of knowledge on the use of end-to-end digital technologies, a relevant individual leadership style, and management thinking of the 21st century.

    Throughout training period Since September 2024, students have been acquiring new knowledge through lectures and practical classes, trainings, and also participated in meetings with representatives of the real business sector, completed practical training in the laboratories of the SPbPU PISh and at leading enterprises in St. Petersburg. The educational process widely used modern hardware and software, interactive technologies, including the use of computer business simulators “New Industrial Challenge” and “Lean Manufacturing”. Classes were held in modern classrooms, fully equipped for video conferencing and training.

    These digital simulators are included ina range of innovative tools for training and assessment of competencies, developed by the SPbPU PISh on the CML-Bench®.EDU Digital Platform, which represents a separate educational direction Digital platform for the development and application of digital twins CML-Bench®. Since its launch, the developed digital simulators have been highly appreciated by experts and have received a number of awards and prizes. Thus, on December 12, 2024, the computer business simulator “New Industrial Challenge” won the All-Russian competition of best practices in management education among business schools. The jury members noted the digital simulator in the nomination “Development of Leaders” under the Presidential Program.

    The educational process took place in a convenient percentage ratio of three formats for the students: in-person, distance and mixed. The program participants also improved their skills in configuring management and project teams, developed projects relevant to specific organizations aimed at solving business problems.

    Graduates received diplomas of professional retraining of the established form, which give the right to engage in management activities regardless of basic education, and badges of SPbPU graduates. The best graduates were awarded memorable gifts from the Advanced Engineering School of SPbPU “Digital Engineering”. After training in the Presidential Program, managers can undergo an internship at leading enterprises in Russia and in foreign companies of the EAEU, SCO and BRICS countries. This is an opportunity to apply new competencies in practice, study best practices and establish new business contacts.

    The head of the Presidential Program at the Polytechnic University, professor of the Higher School of Technological Entrepreneurship of the SPbPU PISh Olga Kolosova summed up the results of the training:

    This academic year, a new mandatory requirement was introduced for the participants of the Presidential Program: their individual projects must be related to the main priorities of the development of the Russian Federation. The students had to create socially significant projects aimed at achieving technological leadership of our country. I would like to emphasize that SPbPU graduates successfully coped with this difficult task. In addition, I thank our graduates for their active life position, responsibility towards the business, society and themselves personally. This year, despite being scattered across the regions, you managed to unite into a team of like-minded people, professionals in their field. On behalf of the entire team, we wish you further success!

    The students thanked the teachers and developers of the Presidential Program for the Training of Management Personnel at the Higher School of Technological Entrepreneurship of the SPbPU PISh and shared their impressions.

    “The main result of the program was the formation of a systemic approach to management activities,” said Alexander Yazhuk, Head of the Interplant Cooperation Department of the Central Research and Experimental Design Institute of Robotics and Technical Cybernetics. “No less valuable were the new professional contacts and friendly connections acquired at lectures, seminars and practical classes. The presidential program became for me not only a source of knowledge and skills, but also a platform for forming a professional community. It taught me to think strategically, manage effectively, build communication and use modern tools. I would recommend this program to anyone who strives for professional growth and is ready to actively develop. The program gives a powerful boost to a career, expands horizons and opens up new opportunities, and also allows you to find like-minded people and make valuable acquaintances, which was very important for me personally. This is an investment in yourself, which pays off not only in knowledge, but also in new connections and opportunities.”

    The program was also mastered by representatives of the departments of the Ecosystem of Technological Development of SPbPU. Head of the Intellectual Property Management Department SPbPU Technology Transfer Center Ismail Kadiev spoke about his training under the Presidential Program in the direction of “Innovation Management in the Digital Economy”, during which he worked on a project to develop a digital mechanism for managing intellectual property:

    The project is a step-by-step substantiated plan for the implementation of a digital platform for intellectual property management in higher education institutions. The main objective of the project is to digitalize the processes of ensuring legal protection of the results of intellectual activity and commercialization of rights to intellectual property of SPbPU. The implementation of the platform will speed up the process of ensuring legal protection of the results of intellectual activity and increase the receipt of funds for the commercialization of rights to intellectual property. I would like to express my gratitude to the head of the implementation of the Presidential Program at SPbPU and my academic supervisor, SPbPU professor Olga Vladimirovna Kolosova, for her mentoring and professionalism, and to the entire teaching staff for their assistance in preparing the project and their attention and support throughout the training.

    Letters of gratitude for active participation in the implementation of the Presidential Program from the Committee on Labor and Employment of the Population of the Leningrad Region were received by the employees of the Higher School of Technological Entrepreneurship of the SPbPU PISh: the head of the implementation of the Presidential Program at SPbPU, Professor Olga Kolosova, Acting Director Artur Kireev, as well as the leading manager, associate professor of the Higher School of Advanced Digital Technologies of the SPbPU PISh Olesya Leonova. In addition, Olga Kolosova received gratitude from the Federal Resource Center. The Administration of the Governor of St. Petersburg noted with a letter of gratitude the contribution of the senior lecturer of the Higher School of Advanced Digital Technologies of the SPbPU PISh Vladislav Tereshchenko to the training of students of the Presidential Program.

    Specialists from other Polytechnic departments also received awards for their participation in the implementation of the Presidential Program. Associate Professor of the Higher School of Public Administration of SPbPU Tamara Selentyeva was awarded a letter of thanks from the Administration of the Governor of St. Petersburg. The Corporate University of St. Petersburg awarded the Director of the Center for Corporate and Network Additional Professional Programs of SPbPU Tatyana Savekina and the Head of the Directorate of Basic Educational Programs of SPbPU Nadezhda Grashchenko.

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

    MIL OSI Russia News

  • MIL-OSI Russia: A plot of land will be allocated in Krasnopakhorsky District for the construction of a logistics complex

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    A new enterprise will appear in TiNAO as part of the implementation of a large-scale investment project (MaIP). For this, the city will allocate a large land plot in Krasnopakhorsky District to the investor, said Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “A universal high-tech multi-temperature logistics complex will be built in Krasnopakhorsky District. To implement this large-scale investment project, the city will allocate 10 hectares of land to the investor on the territory of the emerging food cluster. The enterprise will be able to employ 900 people. The investment amount will exceed 10 billion rubles,” said Vladimir Efimov.

    Large-scale investment projects have been implemented in the capital since 2016. Moscow allocates land plots for lease for the construction of such facilities.

    “On the instructions of Sergei Sobyanin, the capital continues to form sustainable cooperation links between industrial enterprises. Clustering plays a key role in this process. For example, thanks to the food cluster in the Krasnopakhorsky District, the industrial area of which will be more than 800 thousand square meters, more than 11.4 thousand new jobs will be created,” added the Deputy Mayor of Moscow for Transport and Industry Maxim Liksutov.

    Investors who invest in the creation of jobs and the development of the city’s infrastructure can obtain the status of MAIP.

    According to Ekaterina Solovieva, Minister of the Moscow Government, Head of the Department of City Property, the logistics complex will appear near the village of Troitskoye, where a large food cluster is currently being created. The land lease agreement is planned to be concluded for four years after the formation of the site and its registration with the state cadastral register. This is the period during which the investor must complete the construction of the facility with an area of 80 thousand square meters. The city will monitor the implementation of the large-scale investment project at all stages.

    Investors have already been provided with plots of land in the emerging food cluster for the construction of a distribution center for a meat processing plant, enterprises for the production of ready meals, bakery, dairy, confectionery and other products.

    Earlier, Sergei Sobyanin said that Moscow is actively developing its own production complexes.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

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

    https: //vv.mos.ru/nevs/ite/155847073/

    MIL OSI Russia News