Category: Commerce

  • MIL-OSI: Lotlinx Wins “LLM Innovation Award” in 2025 Artificial Intelligence Breakthrough Awards Program

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, July 09, 2025 (GLOBE NEWSWIRE) — Lotlinx, the auto industry’s leading VIN-specific data company for dealership inventory management, today announced that its advanced generative AI inventory and pricing management solution has been selected as winner of the “LLM Innovation Award” in the 8th annual AI Breakthrough Awards program conducted by AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.

    As the auto retail industry faces increasing challenges in inventory management, pricing optimization, and market adaptability—particularly in light of automotive tariffs that directly impact vehicle costs and dealership profitability—dealers are seeking new ways to navigate complex pricing environments. Tariffs and economic pressures are driving up the price of imported vehicles and parts, squeezing profit margins, shifting consumer demand, and requiring real-time recalibration of inventory strategies.

    While many dealerships strive to enhance profitability through data-driven decision-making, traditional inventory and pricing management solutions often rely on static reports and historical data, leaving dealers reactive rather than proactive. These outdated tools fail to capture and analyze the dynamic factors affecting vehicle pricing, such as tariffs, economic conditions, competitor activity, and regional demand fluctuations. As a result, dealers risk overpricing or underpricing vehicles, leading to lost revenue opportunities, inventory stagnation, and eroded margins.

    Lotlinx’s advanced Vertical AI solution addresses these challenges by leveraging Large Language Models (LLMs) and Agentic AI to analyze millions of data points per vehicle in real time, delivering region-specific, data-backed recommendations tailored to the dealer’s unique market conditions.

    At its core is the Agentic AI-powered virtual assistant, designed as a Virtual Internet Sales Manager that understands complex inventory and pricing scenarios and provides intelligent, automated guidance. After analyzing vehicle performance within the local market, the assistant suggests proactive actions, including strategic pricing adjustments, competitive positioning, follow-up reminders, and demand-based inventory alerts. The intelligent system continuously monitors sales velocity, market conditions, and pricing trends down to the zip code level.

    By seamlessly integrating into dealership workflows, the solution ensures that data-backed insights are immediately actionable, eliminating guesswork and enabling dealers to proactively optimize inventory and pricing strategies. In addition, the solution also delivers real-time interpretation and automated recommendations for active, strategic decision-making.

    “We’re thrilled to accept this award from AI Breakthrough. The strength of our AI technology is that it gives control back to dealers through an automated, proactive approach that helps them maintain profitability in an era where external economic forces add layers of complexity to pricing and inventory strategies,” said Len Short, Executive Chairman of Lotlinx. “By equipping dealers with a powerful, AI-driven inventory and pricing management system, we are modernizing the auto retail industry with predictive decision-making capabilities that drive efficiency, profitability, and strategic agility in an increasingly volatile market.”

    The AI Breakthrough Awards shine a spotlight on the boldest innovators and most impactful technologies leading the charge in AI across a comprehensive set of categories, including Generative AI, Computer Vision, AIOps, Agentic AI, Robotics, Natural Language Processing, industry-specific AI applications and many more. This year’s program attracted more than 5,000 nominations from over 20 different countries throughout the world, underscoring the explosive growth and global importance of AI as a defining technology of the 21st century.

    “Lotlinx’s solution provides forward-looking, AI-driven insights that help dealers adapt to the always changing economic and regulatory landscape. Traditional inventory and pricing solutions don’t capture and analyze dynamic factors like tariffs, economic conditions, competitor activity, and fluctuating regional demand, leaving dealers to struggle with pricing vehicles competitively, inventory strategy, and adjusting to rapid market changes,” said Steve Johansson, managing director, AI Breakthrough. “This technology ensures that dealerships are no longer constrained by outdated, reactive management strategies but instead gain access to an intelligent, automated partner that enhances decision-making, boosts profitability, and streamlines operations. We’re pleased to recognize Lotlinx with the ‘LLM Innovation Award!’”

    About Lotlinx
    Founded in 2012 and based out of Peterborough, New Hampshire, Lotlinx is the automotive industry leader in VIN-specific data solutions for inventory risk management. The Lotlinx platform provides automobile dealers and manufacturers with enhanced operational control over their retail business. Leveraging state-of-the-art real-time data and machine learning technology, Lotlinx provides a precision retailing solution that enables dealers to automatically adapt to market dynamics, mitigating inventory risk through VIN-specific strategies. To learn more about Lotlinx, please visit www.lotlinx.com

    About AI Breakthrough
    Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies, and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including Generative AI, Machine Learning, AI Platforms, Robotics, Business Intelligence, AI Hardware, Computer Vision and more. For more information visit AIBreakthroughAwards.com.

    Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.

    The MIL Network

  • MIL-OSI: BexBack Launches 100x Leverage, 100% Deposit Bonus, No slippage, No Spread- No KYC Required

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) — BexBack, a leading cryptocurrency derivatives platform, is offering an unbeatable opportunity for traders with 100x leverage, a 100% deposit bonus, and a $50 welcome bonus, with no KYC required. This platform is designed to help traders take advantage of the ongoing volatility in the cryptocurrency market and maximize their potential returns.

    Why Choose BexBack?

    • 100x Leverage: Amplify your potential profits by trading with leverage. For example, a 1 BTC deposit could allow you to trade 100 BTC.
    • 100% Deposit Bonus: Double your funds with a 100% deposit bonus. Use this bonus to increase your trading position and potential profits.
    • No KYC: Start trading immediately with no complex identity verification processes.
    • $50 Welcome Bonus: Available after depositing more than 100 USDT or 0.001 BTC and completing a transaction.
    • Fast and Easy Trading: No slippage, no spread, and fast execution make BexBack a top choice for experienced and new traders alike.

    Why BexBack Stands Out

    • Global Presence: With offices in Singapore, Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack is trusted by over 500,000 traders globally.
    • Secure and Efficient: BexBack is licensed as a U.S. MSB (Money Services Business) and offers 24/7 multilingual support.
    • Comprehensive Trading Options: Trade more than 50 digital assets, including BTC, ETH, ADA, SOL, and XRP, all with up to 100x leverage.

    Take Action Now—Don’t Miss Out!

    If you missed the previous bull run, don’t let this opportunity slip by. Sign up on BexBack now to unlock the full potential of 100x leverage, the 100% deposit bonus, and the $50 welcome bonus. Start trading today and capitalize on the market’s volatility.

    Sign Up Now on BexBack — Break the 100x Leverage and KYC Barriers!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a8ed431c-25b9-46ae-a2ee-65c36e031bd0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/675ce4ac-e620-4bc9-8c55-9a9d7845f337

    https://www.globenewswire.com/NewsRoom/AttachmentNg/72d43599-bef1-449a-b7e2-bd15d60ff442

    https://www.globenewswire.com/NewsRoom/AttachmentNg/bf8b6872-16b1-40f3-93eb-47760cd7446b

    The MIL Network

  • MIL-OSI USA: Gov. Kemp: Ti Cold and Karis Cold Building $60 Million Facility in McIntosh County

    Source: US State of Georgia

    ATLANTA – Governor Brian P. Kemp today announced that Ti Cold and Karis Cold have officially broken ground on a new $60 million cold storage facility for PermaCold Logistics in Darien, McIntosh County. The industrial cold storage construction company’s latest project will support 50 jobs upon completion of phase one.

    “Today’s announcement is the largest known economic development win for McIntosh County, marking another success for rural Georgia,” said Governor Brian Kemp. “Companies like Ti Cold, Karis Cold, and PermaCold Logistics, as well as our reliable and fast-growing ports and highway systems, support logistics industry jobs in every corner of the state. I’m grateful for the decision to open this facility and bring even more jobs to hardworking rural Georgians.”

    Ti Cold provides a full suite of cold storage construction and development services, including, but not limited to, complete design and engineering, master site planning, operations guidance, and consulting services to help companies navigate the unique challenges associated with a rapidly changing cold storage industry. 

    “We’ve had the privilege of building in Georgia many times over the years, and we’re thrilled to be working in McIntosh County,” said Sam Tippmann, Founder and CEO of Ti Cold. “The support we’ve received has been incredible – from the state officials to the team in McIntosh County, and the City of Darien. We are truly excited to bring this beautiful facility to your community and look forward to contributing to its continued growth.”

    The new facility is located at Tidewater Industrial Park, a Georgia Ready for Accelerated Development (GRAD) site, in Darien. This advanced cold storage complex will have a clear height of 50 feet and feature a flexible, convertible design that maintains temperatures ranging from 40 degrees to minus 10 degrees Fahrenheit. The facility will also incorporate an environmentally friendly refrigeration system. Additionally, structural steel pallet racks will accommodate over 30,000 pallet positions. The facility will post more information regarding open positions throughout the construction process. 

    “This groundbreaking marks a transformational moment for McIntosh County,” said Chairwoman Kate Pontello Karwacki, McIntosh County Board of Commissioners. “Ti Cold and Karis Cold’s investment in our community is a strong endorsement of the assets we offer from our strategic location along the I-95 corridor and proximity to the Ports to the welcoming business climate we’re committed to fostering. This project not only brings high-quality jobs and economic opportunity but also strengthens the industrial foundation we’ve been working hard to build. We’re proud to welcome Ti Cold and look forward to a long, productive partnership.”

    Senior Regional Project Manager Dorie Bacon represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team on this project in partnership with the McIntosh County Industrial Development Authority, Georgia Ports Authority, Georgia EMC, and Georgia Power.

    “Cold storage plays a vital role in Georgia’s logistics and supply chain infrastructure, ensuring that agricultural and food products reach markets efficiently,” said GDEcD Commissioner Pat Wilson. “Innovative companies like Ti Cold, Karis Cold, and PermaCold Logistics are helping to fuel economic growth across the state. Congratulations to the companies, the City of Darien, and McIntosh County on this exciting new chapter.”

    About Ti Cold

    Ti Cold is known as a specialty, award-winning industrial cold storage builder and developer with decades of experience in designing and building state-of-the-art facilities. They utilize time-honed expertise and advanced technology solutions to create efficient buildings that scale with a business and maximize profitability by fully integrating operations and supply chains. Learn more at www.ticold.com.

    About Karis Cold

    Karis Cold is a private investment and development company with expertise in the cold storage industry. The company invests in and develops properties across the U.S., with a platform covering the entire spectrum of cold storage development and investment, including build-to-suit solutions, sale-leaseback financing, and expansions and redevelopment of existing facilities.

    MIL OSI USA News

  • MIL-OSI USA: Gov. Kemp: Ti Cold and Karis Cold Building $60 Million Facility in McIntosh County

    Source: US State of Georgia

    ATLANTA – Governor Brian P. Kemp today announced that Ti Cold and Karis Cold have officially broken ground on a new $60 million cold storage facility for PermaCold Logistics in Darien, McIntosh County. The industrial cold storage construction company’s latest project will support 50 jobs upon completion of phase one.

    “Today’s announcement is the largest known economic development win for McIntosh County, marking another success for rural Georgia,” said Governor Brian Kemp. “Companies like Ti Cold, Karis Cold, and PermaCold Logistics, as well as our reliable and fast-growing ports and highway systems, support logistics industry jobs in every corner of the state. I’m grateful for the decision to open this facility and bring even more jobs to hardworking rural Georgians.”

    Ti Cold provides a full suite of cold storage construction and development services, including, but not limited to, complete design and engineering, master site planning, operations guidance, and consulting services to help companies navigate the unique challenges associated with a rapidly changing cold storage industry. 

    “We’ve had the privilege of building in Georgia many times over the years, and we’re thrilled to be working in McIntosh County,” said Sam Tippmann, Founder and CEO of Ti Cold. “The support we’ve received has been incredible – from the state officials to the team in McIntosh County, and the City of Darien. We are truly excited to bring this beautiful facility to your community and look forward to contributing to its continued growth.”

    The new facility is located at Tidewater Industrial Park, a Georgia Ready for Accelerated Development (GRAD) site, in Darien. This advanced cold storage complex will have a clear height of 50 feet and feature a flexible, convertible design that maintains temperatures ranging from 40 degrees to minus 10 degrees Fahrenheit. The facility will also incorporate an environmentally friendly refrigeration system. Additionally, structural steel pallet racks will accommodate over 30,000 pallet positions. The facility will post more information regarding open positions throughout the construction process. 

    “This groundbreaking marks a transformational moment for McIntosh County,” said Chairwoman Kate Pontello Karwacki, McIntosh County Board of Commissioners. “Ti Cold and Karis Cold’s investment in our community is a strong endorsement of the assets we offer from our strategic location along the I-95 corridor and proximity to the Ports to the welcoming business climate we’re committed to fostering. This project not only brings high-quality jobs and economic opportunity but also strengthens the industrial foundation we’ve been working hard to build. We’re proud to welcome Ti Cold and look forward to a long, productive partnership.”

    Senior Regional Project Manager Dorie Bacon represented the Georgia Department of Economic Development’s (GDEcD) Global Commerce team on this project in partnership with the McIntosh County Industrial Development Authority, Georgia Ports Authority, Georgia EMC, and Georgia Power.

    “Cold storage plays a vital role in Georgia’s logistics and supply chain infrastructure, ensuring that agricultural and food products reach markets efficiently,” said GDEcD Commissioner Pat Wilson. “Innovative companies like Ti Cold, Karis Cold, and PermaCold Logistics are helping to fuel economic growth across the state. Congratulations to the companies, the City of Darien, and McIntosh County on this exciting new chapter.”

    About Ti Cold

    Ti Cold is known as a specialty, award-winning industrial cold storage builder and developer with decades of experience in designing and building state-of-the-art facilities. They utilize time-honed expertise and advanced technology solutions to create efficient buildings that scale with a business and maximize profitability by fully integrating operations and supply chains. Learn more at www.ticold.com.

    About Karis Cold

    Karis Cold is a private investment and development company with expertise in the cold storage industry. The company invests in and develops properties across the U.S., with a platform covering the entire spectrum of cold storage development and investment, including build-to-suit solutions, sale-leaseback financing, and expansions and redevelopment of existing facilities.

    MIL OSI USA News

  • MIL-OSI: Zoom rolls out new agentic AI offerings to save time and drive connections

    Source: GlobeNewswire (MIL-OSI)

    • Zoom AI Companion now connects with 16 third-party apps, including ServiceNow, Jira, Asana, Box, and others, to complete tasks and orchestrate agents without leaving Zoom
    • Custom AI Companion add-on is now available to online customers, delivering extended capabilities, including AI meeting summaries across top meeting platforms and customized meeting summaries
    • Zoom expands core AI Companion capabilities, including real-time call questions, voice recorder for in-person meetings, and meeting agenda creation, included at no additional cost with paid Zoom licenses

    SAN JOSE, Calif., July 09, 2025 (GLOBE NEWSWIRE) — Zoom Communications, Inc. (NASDAQ: ZM) today delivered new agentic AI capabilities to help users complete tasks across platforms and save time during the work day. With the Custom AI Companion add-on, Zoom AI Companion can now connect to 16 third-party apps to help orchestrate tasks without leaving Zoom. Additionally, the Custom AI Companion add-on is now available for online purchase, enabling small business owners to leverage AI Companion across third-party video conferencing platforms like Google Meet and others, customize meeting summary templates, create custom avatars, and connect third-party apps to boost productivity and help them get more done so they can focus on building and growing their business.

    “With Zoom AI Companion’s agentic skills, users will see a significant productivity boost to help them get more done — not just in Zoom, but across business-essential apps like ServiceNow, Jira, Asana, Box, and more,” said Smita Hashim, chief product officer at Zoom. “The Custom AI Companion add-on empowers users to streamline their workflows by having AI Companion join their Zoom Meetings and in-person meetings, and can now access AI Companion across other video conferencing platforms.”

    New connected third-party apps for Custom AI Companion add-on

    AI Companion uses agentic AI capabilities to maximize efficiency, helping users save time and get more done without leaving Zoom Workplace. With the Custom AI Companion add-on, users can already connect to apps like Amazon Q, Glean, and Jira to deliver powerful indexing, enterprise search, and ticketing capabilities. New third-party apps also deliver context-rich answers and help complete tasks across workstreams with intelligent app orchestration.

    • Improve sales and service outcomes: Accelerate decisions and improve customer satisfaction by empowering teams to resolve service tickets, track opportunities, and update records in real-time, directly from Zoom. When connected to ServiceNow, Zendesk, and other applications, AI Companion helps organizations streamline workflows, reduce manual effort, and ensure customer interactions drive meaningful business results.
    • Reimagine document collaboration: When connected to Microsoft OneDrive, Google Drive, Box*, Confluence, Notion, or Coda, AI Companion helps drive meaningful conversations with secure access to existing documents during meetings, and the ability to generate new documents based on current meetings, update existing documents with simple prompts, or get a quick summary of a document. *Not all document features available at launch.
    • Simplify project management: Keeping teams updated on projects and activities can be challenging, but when connected to Asana and Jira, users can query and command project tools, using AI Companion to update project statuses, assign tasks, and set deadlines without app-juggling or manual workflows.
    • Reduce communication silos: Keep chats and ideas organized in third-parting messaging apps with the ability to search, summarize, and post messages from AI Companion.
    • Recruit and onboard new talent: When connected to Workday, AI Companion can help expedite recruiting, interviews, and onboarding workflows with search and summary capabilities about open jobs and candidate profiles.

    Visit the Zoom website to learn more about how app integrations with the Custom AI Companion add-on can boost efficiency.

    Custom AI Companion add-on expands to online customers

    Many entrepreneurs, solopreneurs, small business owners, and consultants often find themselves switching meeting platforms throughout their day to take calls with clients and stakeholders, without a central way to organize their meeting notes.

    The Custom AI Companion add-on, now available for purchase online, expands AI Companion’s meeting summary capabilities to third-party video conferencing platforms such as Google Meet and others, with Cisco Webex coming soon, and delivers agentic AI capabilities to help small businesses get more done:

    • Professional service providers like consultants and freelancers can simplify workflows and save time beyond Zoom Meetings, Zoom Phone calls, and in-person meetings by using AI-generated meeting summaries across third-party meeting platforms like Google Meet and others. With connections to third-party applications like Asana, they can automatically have projects updated in Asana without leaving the meeting.
    • Sales professionals can nurture relationships with prospects and clients while reducing admin time by automatically updating sales records in CRMs based on the conversation.
    • Educators can go beyond meeting summaries and lecture plans to reliably generate summaries and takeaways with custom summaries that can be shared with students to reinforce learning and create personalized videos using Custom Avatars for Zoom Clips to connect with students in different languages.

    With the Custom AI Companion add-on, small businesses can connect AI Companion to these 16 apps, plus tailor AI Companion skills to address their unique needs and drive efficiency across their organizations:

    • Work across platforms: Zoom is an open platform, and AI Companion can attend third-party meetings, including Microsoft Teams and Google Meet, with Cisco Webex support coming soon. AI Companion can join meetings on a user’s behalf to automatically transcribe, summarize, and deliver actionable follow-ups.
    • Save time with AI-generated clips: With Custom Avatars for Zoom Clips, users can create an avatar in their likeness, provide a transcript of the desired content, and allow AI Companion to generate a clip for them, saving time and helping them scale their efforts.
    • Customize meeting summaries with templates: Users can turn meetings into tailored, actionable summaries by selecting from 11 purpose-built templates designed to reflect the tone, structure, and focus of each meeting and match the meeting goals.
    • Expand knowledge: Admins can connect Google Drive and other external drive accounts as data sources in AI Studio while respecting existing permission controls, and crawl public URLs as a data source for knowledge collections so AI Companion can provide more relevant answers to users’ queries.

    The Custom AI Companion add-on is now available for purchase online for $12 per user per month with paid Zoom Workplace plans. To learn more about how organizations can tailor AI Companion to meet their unique needs with the Custom AI Companion add-on, visit the Zoom website.

    Maximize the workday with AI Companion

    Zoom AI Companion continues to enhance productivity and collaboration across Zoom Workplace. These new capabilities are included at no extra charge as part of Zoom AI Companion for all paid Zoom Workplace licenses.

    • Get started faster: The new onboarding experience within the Zoom desktop app makes it easier to configure AI Companion settings, including what meetings are summarized, who summaries are shared with, and how they are shared.
    • Build better meeting agendas: Users can easily add structure to meetings by creating agendas for upcoming meetings from templates. AI Companion can also leverage previous meetings or Zoom Docs to create even more tailored agendas.
    • Get more out of calls: Users can now query AI Companion before, during, and after Zoom Phone calls to help them catch up and gain deeper insights. They can ask questions like, “What was the disagreement about?” or “Can you tell me the main points being discussed?” Users can also have AI Companion pull up information from previous conversations, prioritize missed calls, and draft follow-up messages.
    • Summarize documents in chat threads: AI Companion can summarize supported text-based documents shared in Zoom Team Chat to help quickly and efficiently digest new information without leaving the chat thread.
    • Capture notes and tasks for in-person interactions: AI Companion also supports in-person meetings with the Voice Recorder, transcribing, summarizing, and capturing action items, allowing users to focus on the conversation and revisit details and action items later.
    • Easily access meeting assets: Users can access meeting summaries, transcripts, recordings, and event details from the meeting card in the calendar event and via email. Hosts will also be able to share the assets with participants via the meeting card in Zoom Calendar (coming later this month), and participants can request access to the meeting card via the Zoom Calendar event.
    • Seamless sharing: AI Companion can be configured to automatically share meeting summaries to third-party platforms, like Microsoft Teams (coming soon) and others, to update counterparts and refresh customer records with the latest conversation highlights.

    Zoom Workplace powers collaboration and productivity

    Zoom Workplace continues to accelerate collaboration and help users ideate, create, and deliver effective work effortlessly on a single app.

    • Track edits and publish externally in Zoom Docs: Easily track content changes to docs, highlighting content additions, deletions, replacements, and formatting with specific styles. Users can also now publish Zoom Docs as public webpages, accessible to anyone, whether they are logged in or not.
    • Stitch, combine, and create longer clips: Merge multiple Zoom Clips into one seamless video without external apps, preview and make adjustments before finalizing edits, and preserve original content without overwriting original assets.

    To learn more about Zoom Workplace, visit the Zoom website.

    About Zoom
    Zoom’s mission is to provide an AI-first work platform for human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer experience teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    Contact:
    Lacretia Nichols
    press@zoom.us

    The MIL Network

  • MIL-OSI Analysis: My city was one of hundreds expecting federal funds to help manage rising heat wave risk – then EPA terminated the grants

    Source: The Conversation – USA – By Brian G. Henning, Professor of Philosophy and Environmental Studies and Science, Gonzaga University

    The Pacific Northwest heat wave of 2021 left cities across Washington state sweltering in dangerous temperatures. AP Photo/Ted S. Warren

    In June 2021, a deadly heat wave pushed temperatures to 109 degrees Fahrenheit (43 Celsius) in Spokane, Washington, a northern city near the Idaho border where many homes weren’t built with central air conditioning.

    As the heat lingered for over a week, 19 people died in Spokane County and about 300 visited hospitals with signs of heat-related illnesses.

    Scientists say it’s not a matter of if, but when, another deadly heat wave descends on the region. To help save lives, the city teamed up with my university, Gonzaga, to start preparing for a hotter future.

    A chart of all deaths, excluding COVID-19, shows the extraordinary impact the 2021 heat dome had in Washington.
    ‘In the Hot Seat’ report, 2022

    We were excited and relieved when the community was awarded a US$19.9 million grant from the Environmental Protection Agency to help it take concrete steps to adapt to climate change and boost the local economy in the process. The grant would help establish resilience hubs with microgrids and help residents without air conditioning install energy-efficient cooling systems. The city doesn’t have the means to make these improvements on its own, even if they would save lives and money in the long run.

    Less than a year later, the Trump administration abruptly terminated the funding.

    Spokane’s grant wasn’t the only one eliminated – about 350 similar grants that had been awarded to help communities across the country manage climate changes, from extreme heat and wildfire smoke to rising seas and flooding, were also terminated on the grounds that they don’t meet the White House’s priorities. Many other grants to help communities have also been terminated.

    Many of the communities that lost funding are like Spokane: They can’t afford to do this kind of work on their own.

    Why cities like Spokane need the help

    Like many communities in the American West, Spokane was founded in the late 19th century on wealth from railroads and resource extraction, especially gold, silver and timber.

    Today, it is a city of 230,000 in a metro area of a half-million people, the largest on the I-90 corridor between Minneapolis and Seattle. In many ways, Spokane could be on the cusp of a renaissance.

    In January 2025, the U.S. Department of Commerce announced a $48 million grant to develop a tech hub that could put the Inland Northwest on a path to become a global leader in advanced aerospace materials. But then, in May, the Trump administration rescinded that grant as well.

    The lost grants left the economy – and Spokane’s ability to adapt fast enough to keep up with climate changes – uncertain.

    Heat waves are becoming a growing risk in Spokane, known for its river and falls that tumble near downtown.
    Roman Eugeniusz/Wikimedia Commons, CC BY-SA

    This is not a wealthy area. The median household income is nearly $30,000 less than the state average. More than 13 out of every 100 people in Spokane live in poverty, above the national average, and over 67% of the children are eligible for free or reduced lunch.

    The city is a light blue island in a dark red sea, politically speaking, with a moderate mayor. Its congressional district has voted Republican by wide margins since 1995, the year that then-House Speaker Tom Foley lost his reelection bid.

    Lessons from the 2021 heat dome

    The 2021 heat wave was a catalyzing event for the community. The newly formed Gonzaga Institute for Climate, Water and the Environment brought together a coalition of government and community partners to apply for the EPA’s Climate and Environmental Justice Community Change Grant Program. The grants, funded by Congress under the Inflation Reduction Act of 2022, were intended to help communities most affected by pollution and climate change build adaptive capacity and boost the safety of their residents.

    A key lesson from the 2021 heat dome was that temporary, or pop-up, cooling centers don’t work well. People just weren’t showing up. Our research found that the best approach is to strengthen existing community facilities that people already turn to in moments of difficulty.

    Half the $19.9 million award was for outfitting five resilience hubs in existing libraries and community centers with solar arrays and battery backup microgrids, allowing them to continue providing a safe, cool space during a heat wave if the power shuts down.

    The locations and plans for five resilience hubs to serve Spokane, and the infrastructure they would receive.
    Gonzaga Institute for Climate, Water and the Environment

    Another $8 million in grant funding was meant to provide 300 low- to moderate-income homeowners with new high-efficiency electric heat pump heating, ventilation and air conditioning systems, providing more affordable utility bills while improving their ability to cool their homes and reducing fossil fuel emissions.

    Communities are left with few options

    Now, this and other work is at risk in Spokane and cities and towns like it around the country that also lost funding.

    According to the Trump administration, the program – designed to help hundreds of communities around the country become safer – was “no longer consistent with EPA funding priorities.”

    A class action lawsuit was recently filed over the termination of the grants by a coalition that includes Earth Justice and the Southern Environmental Law Center. If the case is successful, Spokane could see its funding restored.

    Meanwhile, the city and my team know we have to move fast, with whatever money and other resources we can find, to help Spokane prepare for worsening heat. We formed the Spokane Climate Resilience Collaborative – a partnership between community organizations, health officials and the city – as one way to advance planning for and responding to climate hazards such as extreme heat and wildfire smoke.

    As concentrations of heat-trapping gasses accumulate in the atmosphere, both the frequency and severity of heat waves increase. It is only a matter of time before another deadly heat dome arrives.

    Brian G. Henning receives funding from the Environmental Protection Agency.

    ref. My city was one of hundreds expecting federal funds to help manage rising heat wave risk – then EPA terminated the grants – https://theconversation.com/my-city-was-one-of-hundreds-expecting-federal-funds-to-help-manage-rising-heat-wave-risk-then-epa-terminated-the-grants-259009

    MIL OSI Analysis

  • MIL-OSI: Banzai Appoints Dean Ditto as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, July 09, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced the appointment of Dean Ditto, CPA, as Chief Financial Officer of the Company, effective July 14, 2025. Mr. Ditto replaces Interim Chief Financial Officer, Alvin Yip, who will continue with the Company in the role of Chief Accounting Officer.

    Dean Ditto has over 30 years’ experience as a strategic financial leader with a track record of implementing critical business initiatives that drive profitable growth at both public and private companies. Prior to joining Banzai, Mr. Ditto was Chief Financial Officer of Akerna Corp. a SaaS technology company where he led a corporate restructuring plan that produced cost savings of $6 million annually. Previously, he was CFO of Mydecine Innovations Group, Inc., a biotech and life sciences company, where he raised $40 million through public and private offerings to support drug and IP development and operations. As CFO of Sigue Corporation, a closely-held Fintech provider, Mr. Ditto worked to improve the business planning, budgeting and financial analysis processes. He has also served in financial leadership roles at OSI Systems, Dental Lab Holdings, KARL STORZ Endoscopy-America, Countrywide Home Loans, Giant Bicycle USA, and Ford Motor Company. Mr. Ditto holds a Bachelor of Arts in Economics and Management from Albion College, and holds a Master of Business Administration from the Kelley School of Business at Indiana University.

    “On behalf of our board and management team, I would like to welcome Dean to the position. We are privileged to have someone of his caliber and financial skill set serve as our CFO,” said Joe Davy, Founder and CEO of Banzai. “I would like to thank Alvin for his contribution in leading us to this inflection point, and welcome Dean’s capabilities in scaling public technology companies. His achievements as well as expertise in financial management of listed companies will make a significant addition to the strategic operation and development of Banzai going forward.”

    Mr. Ditto added, “I am excited to be appointed as CFO as we prepare Banzai for the future in a rapidly evolving market. I look forward to working with Joe, the executive team, and the finance team as we continue to execute on our strategic and financial priorities focused on value-added growth and our commitments to all shareholders.”

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai has over 90,000 customers including RBC, Dell Technologies, New York Life, Thermo Fisher Scientific, Thinkific, and ActiveCampaign. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Nancy Norton
    Chief Legal Officer, Banzai
    media@banzai.io

    The MIL Network

  • MIL-OSI Asia-Pac: FS continues visit to Seoul, Korea (with photos)

    Source: Hong Kong Government special administrative region

    The Financial Secretary, Mr Paul Chan, continued his visit to Seoul, Korea, today (July 9). He attended a seminar on the development of capital markets in Hong Kong and Korea, as well as a business luncheon cohosted by the Hong Kong Economic and Trade Office (Tokyo) and the Korea Chamber of Commerce and Industry. He also held several meetings respectively with the Chairman of the Financial Services Commission of Korea, Mr Kim Byung-hwan, and leaders in the investment sector to exchange views on the landscapes and developments of the financial markets and investment circles, and to promote further collaboration between the two markets.

    In the morning, Mr Chan attended and delivered a keynote speech at the Hong Kong-Korea Capital Markets Conference, organised by CSOP Asset Management. Conference participants included the Chairman of the Korea Financial Investment Association, Mr Seo Yoo-seok, as well as representatives from local pension funds, insurance companies, brokerage firms and other institutional investors and financial institutions.

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Governor Newsom commits $101 million to jumpstart critical rebuilding efforts after LA Fires

    Source: US State of California 2

    Jul 8, 2025

    What you need to know: The $101 million being made available today will support the development of affordable multifamily rental housing in Los Angeles, prioritizing the needs of displaced residents in the fire-devastated regions.

    Los Angeles, California – Six months after the LA Fires, Governor Gavin Newsom and the California Department of Housing and Community Development (HCD) announced the release of $101 million to help rapidly rebuild critically needed, affordable multifamily rental housing in the fire-devastated Los Angeles region. Thousands of families are still displaced by the wildfires that raged through the Greater Los Angeles Region in January 2025, placing an incredible strain on an already tight rental market.

    Tomiquia Moss, Secretary of the California Business, Consumer Services and Housing Agency: “The State’s special Multifamily Finance Super NOFA will galvanize the collective public-private response to the wildfires in Los Angeles County, expediting and expanding opportunities to build affordable housing for low-income residents. By prioritizing affordable housing projects that are ready to go, these funds will accelerate household stability, climate and health outcomes in communities.”

    Today’s funding

    HCD’s Multifamily Finance Super NOFA (MFSN) allows affordable housing developers to apply to multiple funding programs through a single application. In February 2025, HCD released a MFSN Notice of Funding Availability (NOFA) announcing $382 million available for development of affordable multifamily rental housing statewide. A separate $50 million Tribal MFSN was released in March 2025.

    The special MFSN NOFA announced today (MFSN-LA Disaster) provides an additional $101 million in funding to support recovery and rebuilding efforts from 2025 wildfires within Los Angeles County. This MFSN-LA Disaster NOFA has been designed to meet the immediate housing needs of disaster-impacted areas and residents in Los Angeles as quickly as possible by prioritizing projects that are: close to wildfire burn areas; ready to begin construction immediately upon award; and include a resident preference for households displaced by the Los Angeles County wildfires.

    HCD Director Gustavo Velasquez: “HCD has taken a program built on efficiency and further refined it specifically to help the Los Angeles region rebuild from unimaginable tragedy. Our team has gone above and beyond to ensure this program is designed to provide housing stability for fire-displaced families as quickly as possible.”

    This MFSN-LA Disaster NOFA provides a two-phase award process to accelerate the delivery of affordable housing. If funds remain after all applications for shovel-ready projects have been assessed, applications will continue to be accepted for all eligible projects until the funds are expended.

    Funding available through this MFSN-LA Disaster NOFA includes grants for the infrastructure needed to facilitate housing development with a focus on disaster resilience and mitigation, low-interest loans for the development of new multifamily units affordable to low-income and very low-income households, and operating subsidy reserves to support the long-term financial feasibility of the projects. All projects will be required to remain affordable for at least 55 years.

    Multifamily Finance Super NOFA (MFSN)

    This year marks the third round of MFSN, which provides applicants the opportunity to apply simultaneously for a combination of awards from the Multifamily Housing Program (MHP), Supportive Housing MHP, Infill Infrastructure Grant Program, Transit-Oriented Development Program, and Veterans Housing and Homelessness Prevention Program. This is the first MFSN round to offer capitalized operating subsidy reserve funding through MHP to support operations.   

    MFSN makes funds more accessible to developers (including emerging and community-based developers), enables the funding to further serve the lowest-income Californians, and increases the range of potential applicants and target populations to achieve better outcomes in health, climate, and household stability.

    Application materials for MFSN-LA Disaster will be available July 21, 2025. Applicants applying for the first phase of funding must upload all required application documents to the HCD website no later than August 21, 2025, at 4:00 p.m. PDT.

    For more information, including webinars and workshops, please visit HCD’s Multifamily Finance Super NOFA webpage.

    Historic fire recovery 

    Today’s announcement builds on Governor Newsom’s broader efforts to cut red tape and expedite the rebuilding of homes and businesses to support disaster survivors.

    Yesterday, the governor announced the substantial completion of the public debris removal program from more than 10,000 fire damaged parcels — marking the fastest major disaster cleanup in American history. The Governor also signed an executive order removing more barriers to rebuilding homes and schools. He also joined local officials to unveil a new blueprint for recovery, a step-by-step plan to accelerate rebuilding and provide support to impacted families and communities. The near-completion of the public debris removal program comes months ahead of schedule.

    Recent news

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    News Perris, California — On June 18, 2025, the First Partner visited the Inland Empire to meet with California communities impacted by the Trump Administration’s federal immigration raids. The First Partner visited TODEC, a local nonprofit organization that’s become…

    News SACRAMENTO – Governor Gavin Newsom today announced the deployment of skilled Urban Search and Rescue Team members to Texas to assist with ongoing response efforts related to severe flooding impacts. “California stands with all those who have lost loved ones,…

    MIL OSI USA News

  • MIL-OSI United Kingdom: Major milestone for Armada Way regeneration

    Source: City of Plymouth

    The first section of the Armada Way regeneration scheme will open on Thursday 31 July heralding a major milestone on this transformative project.

    Plymouth City Council is working with the City Centre Company on plans to open up zone 1A around the Phoenix Fountain together with the new amphitheatre and performance space, which will become home to happenings and pop up events such as bands playing or live performances.

    Paving in this part of the scheme is complete and this week, granite seats for the amphitheatre arrive. So far 29 trees have been planted, the first of 400 specimens of plants are going into the ground and two beds of wildflower turf are already bursting with blooms to attract bees and other pollinators.

    Existing stonework – including two heraldic lions – have been given a thorough facewash ahead of the big day.

    City Centre Champion Councillor Mark Lowry said: “We are cracking on with the job and like many people, I’ve been blown away by the change that is happening on a daily basis.

    “We are investing millions in a project that is changing the face of the city centre and has already led to companies and organisations directly investing here as they like what they see.

    “That said, we appreciate it has not been easy for the businesses and would like to thank them for their continued understanding and patience.”

    The project team and contractors have done everything in their power to minimise disruption to businesses. Temporary bridges have been built across paving work to the entrances of premises to make sure that the public can get in and out of the  shops and banks.

    Noisy and disruptive work has been taking place in the evenings to ensure minimal impact to businesses and our contractor dowses dusty areas of work wherever possible.

    Businesses are also sent a weekly update letting them know what work is coming.  There is a business liaison officer retailers can contact if they have any specific concerns they have about how the project is progressing.

    New areas featuring high quality granite footways have already been reopened along the western footpath north of Cornwall Street and are on a rolling programme over the next few weeks.

    Repaving paths has been complicated by the fact that much of the utilities – such as broadband and electricity cables – were not installed as deeply as they should have been and some unrecorded services are just below the existing surfacing.

    Contractors have had the added headache of relaying paths without causing power cuts or system failures for shops.

    Councillor Lowry added: “It’s been a challenge but the contractors and the project team have risen to it. Work is still powering on in other zones, but we wanted to pause for a moment and mark this achievement.

    City Centre Company Chief Executive Steve Hughes added: “We have been impressed with the pace and progress of the work and have been delighted with the level of interest it has created in the city centre.

    “We know it has not always been easy for the businesses during the work but Old Town Street and New George Street saw a big increase in footfall and investment interest once that scheme had finished and I am confident this will happen here. It is going to be a game changer.”

    MIL OSI United Kingdom

  • MIL-OSI USA: Mondelēz Global LLC Conducts U.S. Voluntary Recall of Four Carton Sizes of RITZ Peanut Butter Cracker Sandwiches Due to Labeling Error

    Source: US Food and Drug Administration

    Summary

    Company Announcement Date:
    July 08, 2025
    FDA Publish Date:
    July 08, 2025
    Product Type:
    Food & BeveragesAllergens
    Reason for Announcement:

    Recall Reason Description
    Undeclared Allergen – Peanut

    Company Name:
    Mondelez Global LLC
    Brand Name:

    Brand Name(s)
    Ritz

    Product Description:

    Product Description
    Peanut butter cracker sandwiches

    Company Announcement
    EAST HANOVER, N.J., July 8, 2025 – Mondelēz Global LLC announced today a voluntary recall of four carton sizes of RITZ Peanut Butter Cracker Sandwiches (8-pack, 20-pack, and 40pack cartons of RITZ Peanut Butter Cracker Sandwiches, as well as the 20-pack RITZ Filled Cracker Sandwich Variety Pack carton) manufactured in the United States and sold nationwide. The affected cartons include individually wrapped packs that may be incorrectly labeled as Cheese variety even though the product may be a Peanut Butter variety. People who have an allergy or severe sensitivity to peanuts may risk serious or life-threatening allergic reactions by consuming this product.
    All outer cartons affected are labeled correctly and provide an allergen advisory statement indicating that the product “contains peanuts.”
    This recall is exclusively for the 8-pack, 20-pack, and 40-pack RITZ Peanut Butter Cracker Sandwich cartons and the 20-pack RITZ Filled Cracker Sandwich Variety Pack carton, with Best When Used By Dates listed in the grid below, available at retail stores nationwide. No other RITZ products or Mondelēz Global LLC products are included in, or affected by, this recall.

    Product Description 

    Retail UPC 

    Best When Used By Dates 

    Product Images 

    11.4 oz. RITZ Peanut Butter Cracker Sandwiches- 8 Count (8 x 1.38-oz. 6-pack carton)

    0 44000 88210 5

    1 NOV 25 – 9 NOV 25“AE” Plant Code Only (located on top of package)

    See Image Below

    27.6 oz. RITZ Peanut Butter Cracker Sandwiches- 20 Count (20 x 1.38-oz. 6-pack carton)

    0 44000 07584 2

    1 NOV 25 – 9 NOV 252 JAN 26 – 22 JAN 26“AE” Plant Code Only (located on top of package)

    See Image Below

    55.2 oz. RITZ Peanut Butter Cracker Sandwiches– 40 Count (40 x 1.38-oz. 6-pack carton)

    0 44000 07819 5

    1 NOV 25 – 9 NOV 252 JAN 26 – 22 JAN 26“AM” Plant Code Only (located on top of package)

    See Image Below

    27.3 oz. RITZ Filled Cracker Sandwich20-Count Variety Pack(20 packs of 10 Cheese 1.38-oz. packsand 10 Peanut Butter 1.38-oz. packs)

    0 44000 08095 2

    2 NOV 25 – 9 NOV 25“RJ” Plant Code Only (located on top of package)

    See Image Below

    The individually wrapped package incorrectly labeled as Cheese variety inside the cartons identified in the grid above may look like this:

    Product Description 

    Retail UPC 

    Best When Used By Dates 

    Product Images 

    RITZ Cheese Cracker Sandwiches (1.38oz. pack)

    0 44000 00211 4

    1 NOV 25 – 9 NOV 252 JAN 26 – 22 JAN 26“AE” Plant Code Only (located on side of package)

    See Image Below

    Cartons containing only RITZ Cheese Cracker Sandwiches are not affected by this recall. In addition, cartons containing either RITZ Peanut Butter Cracker Sandwiches or RITZ Filled Cracker Sandwich Variety Pack with different Best When Used By Dates and Plant Codes than those listed in the above grid are also not affected by this recall.
    There have been no reports of injury or illness reported to Mondelēz Global LLC to date related to this product, and we are issuing this recall as a precaution.
    The recall was initiated after Mondelēz Global LLC discovered that film packaging rolls used to package individually wrapped products containing peanut butter may contain defects due to a supplier error. Corrective actions are being taken to help ensure this issue does not recur.
    Consumers who have a peanut allergy should not eat these products and should discard any product identified in the grid above. Consumers can contact the company at 1-844-366-1171, 24 hours a day, 7 days per week to get more information about the recall. Consumer Relations specialists are also available Monday–Friday, 9 am to 6 pm ET.
    This recall is being conducted with the knowledge of the U.S. Food and Drug Administration.
    About Mondelēz International
    Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, RITZ, LU, CLIF BAR and TATE’S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA and TOBLERONE chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on X at www.x.com/MDLZ.

    Company Contact Information

    Consumers:
    Consumer Relations
    1-844-366-1171

    Product Photos

    Content current as of:
    07/08/2025

    Regulated Product(s)

    Topic(s)

    Follow FDA

    MIL OSI USA News

  • MIL-OSI Russia: “China-Russia Business Meeting Lounge” Opens in Border City of Dandong

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 9 (Xinhua) — A launch ceremony for the “Dandong China-Russia Business Meeting Lounge” was held in Dandong, northeast China’s Liaoning Province, on Tuesday, the Penpai news portal reported.

    Located in the Guomenwan border trade zone of Dandong City, the new institution was established by the Dandong Chamber of International Commerce and the relevant chambers of commerce and industry of the Russian Federation.

    According to the announcement, the “China-Russia Business Meeting Room” will regularly host economic and trade talks, cultural exchanges and technical seminars, and organize regular online or offline meetings for high-quality Chinese and Russian enterprises selected according to their current trade needs and committed to economic and trade cooperation.

    After the opening ceremony of the “Living Room”, a presentation of trade projects aimed at Russian partners was held right there.

    As an important gateway for Liaoning Province to open up to the outside world, Dandong City has unique geographical and transportation advantages. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Anti-Scam Consumer Protection Charter 3.0

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA) today (July 9) announced the launch of the Anti-Scam Consumer Protection Charter 3.0 (the Charter 3.0). This joint effort is fully supported by the Consumer Council, the Hong Kong Association of Banks, the Hong Kong Police Force, and the Office of the Communications Authority.

    Building on the success of the Charters 1.0 and 2.0, launched in 2023 and 2024 respectively, the Charter 3.0 represents a significant step forward in anti-scam actions by establishing a collaborative framework between financial regulators and technology firms and telecommunications firms in combatting financial fraud and scams targeting the Hong Kong public. The Charter 3.0 introduces six key principles (see Annex), focusing on the reporting of suspected financial fraud and scams, checking of advertisers, internal monitoring processes, enforcement of terms of service, and collaboration on public education and awareness.

    During the launch event, executives from financial regulators, technology firms and telecommunications firms engaged in productive discussions on the latest trends of financial fraud and scams as well as their collaborative efforts for the common purpose of combatting such fraud and scams. 

    The Chief Executive of the HKMA, Mr Eddie Yue, said, “The fight against financial fraud and scams and to protect the public requires a united front, bringing together the public and private sectors, as well as the community at large. The Charter 3.0 represents a significant milestone in this endeavour, harnessing the collective strength of the financial, technology, and telecommunications industries to better safeguard the public.”

    The Chief Executive Officer of the SFC, Ms Julia Leung, added, “The Charter 3.0 is a meaningful step forward, bringing in major technology and telecommunications companies to join the fight against online scams. It is our shared responsibility to disrupt these threats at their source. This initiative not only echoes global governments and regulators’ call to action but also positions Hong Kong as a leader in safeguarding the financial world’s digital future. Together, we are building a safer, more responsible online landscape that prioritises vigilance, collaboration, and public trust.”

    The Chief Executive Officer of the IA, Mr Clement Cheung, said, “The Charter 3.0 represents the outcome of collaborative efforts made by key stakeholders in forging a robust and resilient alliance to prevent financial fraud and scams. The IA will leverage on this platform to strengthen public education and empower policy holders so that they can safeguard effectively against the increasingly sophisticated plots concocted by swindlers.”

    The Managing Director of the MPFA, Mr Cheng Yan-chee, said, “MPF is the valuable retirement reserve accumulated by the working population. The MPFA will not tolerate any fraudulent activities that undermine their retirement savings in MPF. We are pleased to see financial regulators, enforcement agencies and relevant organisations together with major technology and telecommunications companies under the Charter 3.0 stepping up efforts in combatting scams and enhancing anti-scam awareness in the community. We urge the working population to stay vigilant and join hands with us by proactively reporting suspected scams to safeguard their MPF interests.”

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by FS at Korea-Hong Kong Business Luncheon (English only) (with photos)

    Source: Hong Kong Government special administrative region – 4

         Following is the speech by the Financial Secretary, Mr Paul Chan, at the Korea–Hong Kong Business Luncheon held in Seoul, Korea, today (July 9): 
     
    Mr Joo Yong-tae (Deputy Mayor for Economy, Seoul), Mr Kevin Lee (Director of the International Trade Division of the Korea Chamber of Commerce and Industry), distinguished guests, ladies and gentlemen,

         Annyeonghaseyo. Good afternoon. It is both a pleasure and honour to be here with you today in Seoul.
     
         Let me begin by extending my warmest greetings and heartfelt appreciation to the Korea Chamber of Commerce and Industry and our ETO (Economic and Trade Office) colleagues for organising this luncheon.
     
    Hong Kong: good for business
     
         Allow me to start by offering a brief snapshot of where Hong Kong stands today.
     
         Hong Kong has been back on a path of growth following the global challenges of the pandemic.  In 2024, we recorded a GDP growth of 2.5 per cent. This year, despite continued global uncertainties from tariff war to geopolitical tensions, our economy recorded a 3.1 per cent growth in the first quarter. Our merchandise exports continued to register strong double-digit growth.
     
         Foreign businesses continue to cast a vote of confidence in our city. In 2024, the number of overseas and Mainland companies operating in Hong Kong reached an all-time high at nearly 10 000.  American and European companies rose by around 10 per cent, while Korean companies rose by 9 per cent year on year.  
     
         Hong Kong continues to shine in international rankings. We are among the world’s top three global financial centres. The latest IMD (International Institute for Management Development) World Competitiveness Ranking places us as the third most competitive economy worldwide. Last October, the Fraser Institute reaffirmed our position as the world’s freest economy. These accolades are no coincidence. They are the result of persistent hard work to drive our competitiveness forward, backed by transparent, consistent and predictable policies, market openness and global connectivity.
     
         A critical foundation of our success is a stable and secure environment. This year marks the fifth anniversary of the implementation of the Hong Kong National Security Law. It restores law and order in Hong Kong and provides confidence to the international business community. Indeed, a survey by the American Chamber of Commerce (in Hong Kong) in January this year showed that (more than) 80 per cent of its members expressed confidence in Hong Kong’s rule of law.  And 70 per cent reported that the National Security Law had no impact on their business operations.
     
         Under the “one country, two systems” framework, Hong Kong continues to be an open, diverse and international city. We are a free port, uphold a freely convertible currency pegged to the US dollar, ensure the free flow of capital, goods, information and talent, and practise the common law system.
     
         President Xi Jinping and the Central Government of China have made clear that the “one country, two systems” framework is here to stay for the long term. 
     
         Investor confidence is reflected in hard data. Our stock market, for example, rose by 18 per cent last year, and has gained another 20 per cent this year. Initial public offerings (IPOs) on the Hong Kong Stock Exchange have raised about US$16 billion so far this year, making Hong Kong the top IPO venue globally to date. The total bank deposits grew by 7 per cent last year and another 7 per cent this year, now exceeding US$2.3 trillion, six times our GDP.
     
    The Greater Bay Area
     
         Meanwhile, Hong Kong is the international gateway to the Guangdong-Hong Kong-Macao Greater Bay Area, or GBA, which is an economic powerhouse with 87 million people and a combined GDP of US$2 trillion. With a per capita GDP of US$23,000, or US$40,000 on a purchasing power parity basis, the GBA is not just a manufacturing base, but also a sophisticated, high-growth consumer market.
     
         The region is deeply interconnected. High-speed rail puts us just 15 minutes from Shenzhen and 45 minutes from Guangzhou. With seven international airports and a combined annual passenger throughput of over 200 million, the GBA sits within a five-hour flight radius of half the world’s population. Hong Kong International Airport, the world’s busiest cargo airport, now operates with a third runway and is gearing up to handle 120 million passengers and 10 million tonnes of cargo annually by 2035.
     
         The GBA is also a cradle of innovation. According to the World Intellectual Property Organization, the Shenzhen-Hong Kong-Guangzhou science and technology cluster ranks second globally in innovation, and has done so for five consecutive years. Hong Kong excels in basic research, anchored by five universities ranked among the world’s top 100. Three of them are in the global top 20 for data science and AI; our two medical schools are ranked among the top 40. Meanwhile, Shenzhen and Guangzhou lead in commercialisation and advanced manufacturing. Together, the GBA is like fusing the financial power of New York with the innovation energy of Silicon Valley.
     
    Opportunities for Korean businesses
     
         So, what does this mean for Korean businesses?
     
         First, Hong Kong’s financial markets offer unparalleled connectivity and liquidity. We serve as a two-way platform, connecting international capital with Mainland markets and vice versa. Through our Connect Schemes, including Stock Connect, Bond Connect, and ETF (Exchange-traded Fund) Connect, and more, Mainland investors can access Hong Kong’s markets, while global investors can access the Mainland through Hong Kong.
     
         The recent surge in our stock market reflects two important trends. First, the rebalancing act of international investors to diversify risks out of global economic uncertainty, particularly in the US; and second, optimism about China’s technology prowess demonstrated by DeepSeek and others. Korean investors have already taken note. And they are apt in taking actions. In February this year, we saw the highest level of Korean investment into our stock market in over three years.
     
         Beyond the stock market, asset and wealth management is another area where we are seeing rapid growth. Hong Kong now manages over US$4 trillion in assets. With a growing ecosystem of related financial services, we are on track to become the world’s largest cross-border wealth management hub by 2028. For Korean firms in private banking and asset management, the opportunities are significant. Indeed, many American and European asset and wealth managers have been expanding their hiring and office accommodation in the city.
     
         Hong Kong also serves as a powerful springboard for Korean goods, not just into the GBA or the Chinese Mainland, but across the entire ASEAN (Association of Southeast Asian Nations) region. As a duty-free port with seamless customs clearance and unmatched connectivity, Hong Kong offers Korean exporters a fast, cost-effective and reliable route to high-growth markets. From electronics and cosmetics to food products and fashion, Hong Kong is your launchpad.
     
         In innovation and technology, Hong Kong is making strategic and forward-looking moves. We are placing particular emphasis on the development of key sectors such as artificial intelligence and biotech. In addition to our world-class research capabilities, Hong Kong is where Mainland and international data converge. This is a distinct competitive advantage for data-intensive industries.  
     
         Our close collaboration with other cities in the GBA is further accelerating this momentum.  Along our boundary with neighbouring Shenzhen, we are developing a joint innovation and technology park, where we are piloting innovative policies to facilitate the seamless flow of data, talent, capital and even biosamples. We have also established joint clinical trial centres to expedite drug development and streamline cross-boundary regulatory approvals. For Korean tech and pharmaceutical firms seeking expansion and collaboration opportunities, Hong Kong is your ideal location. 
     
    The pleasures of life
     
         Beyond business, Hong Kong is a city alive with culture, diversity, and global connectivity. We are a true melting pot of East and West.  Korean culture, from K-pop to kimchi, has found a warm and enthusiastic following in Hong Kong.  And we are glad that more and more Korean visitors are coming to our city to see for themselves our vibrancy. In the first half of this year, Hong Kong welcomes more than half a million of Korean visitors, a 25 per cent increase year on year.
     
         The pleasures of life are part of our fabric. With more than 200 Michelin-recognised restaurants, hiking trails minutes from the city, and a coastline that rivals the best in the region, Hong Kong offers not only opportunity, but quality of life. Above all, Hong Kong remains one of the safest cities in the world, a place you can walk freely, day or night.
     
         And we are just getting started. The newly opened Kai Tak Sports Park offers a world-class, multipurpose venue for sport and entertainment events. In January next year, we’re excited to welcome BLACKPINK to our stage. And who knows, NewJeans and aespa may not be far behind!
     
         Ladies and gentlemen, I hope I’ve been able to offer you a fresh perspective on Hong Kong, not just as a financial centre or trade hub, but as a dynamic, welcoming city filled with opportunity, energy and creativity. A city where Korean businesses, investors and talents can thrive.
     
         If I may, let me now share a short video that captures the vibrancy, openness and possibilities of Hong Kong today.
     
         That is Hong Kong – dynamic and welcoming. A city that means business, and a city that celebrates life. We look forward to welcoming you soon, to Hong Kong.
     
         Kamsahamnida. Thank you very much.

    MIL OSI Asia Pacific News

  • MIL-OSI Europe: Answer to a written question – A joint body to coordinate the reconstruction of Ukraine? – E-002036/2025(ASW)

    Source: European Parliament

    Ukraine’s ownership of the reform and reconstruction process is a basis for the Commission’s support. Through the Ukraine Facility[1], the Commission ensures that this process advances Ukraine’s EU accession.

    The Commission’s support for the new public investment management system is essential as it will embed Ukraine’s reconstruction in a framework of strategic planning, transparency accountability, and ensure alignment with pan-European strategies and EU accession requirements.

    The Commission recognises the role of cross-border cooperation for Ukraine’s recovery and reconstruction. It therefore welcomes initiatives for cross-border cooperation to support Ukraine’s recovery and reconstruction, including based on existing programmes: long-standing Romanian-Ukrainian cooperation supported by the Commission will soon extend to include Moldova-Ukraine cross-border actions.

    Cross-border initiatives of Chambers of Commerce and business associations can play an important role in reinforcing the Commission’s mobilisation of private sector investments for Ukraine’s reconstruction under the Ukraine Investment Framework — the investment arm of the Ukraine Facility.

    Cross-border partnerships, including of chambers of commerce, are traditional and very effective partners in the EU cooperation programmes.

    Trilateral cooperation can follow best practices in this area to further Ukraine’s reconstruction and help integration into the single market.

    • [1] Regulation (EU) 2024/792 of the European Parliament and of the Council of 29 February 2024 establishing the Ukraine Facility, OJ L, 2024/792, 29.2.2024.
    Last updated: 9 July 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – Presentation of the Council Presidency’s programme – Committee on Industry, Research and Energy

    Source: European Parliament

    Danish Council Presidency © European Union (2025)

    At the ITRE Committee meeting of 16 July, five Ministers will present the priorities of the Danish Presidency and have an exchange of views with ITRE Members on the policy areas covered by the ITRE Committee.

    On 16 July, Ms Caroline Stage Olsen, Minister for Digital Affairs, will present the Presidency’s priorities related to digital and ICT. On the same day, Mr Lars Aagaard, Minister for Climate, Energy and Utilities, and Mr Morten Bødskov, Minister for Industry, Business and Financial Affairs, will present the priorities on energy and industry / SMEs respectively. Finally, Mr Troels Lund Poulsen, Deputy Prime Minister and Minister of Defence, will present the priorities related to defence, while Mr Schack Pedersen, Minister for Resilience and Preparedness, will present cybersecurity-related priorities.

    MIL OSI Europe News

  • MIL-OSI Africa: Trade Minister welcomes developments in Vodacom-Maziv merger

    Source: Government of South Africa

    Trade, Industry and Competition Minister Parks Tau has welcomed the agreement reached between the merging parties and the Competition Commission in the Vodacom-Maziv merger deal.

    “The substantial public interest commitments made by the merging parties will significantly improve access to affordable internet for underserved communities, thus enabling easier participation in economic activity, particularly for young people,” the Department of Trade, Industry and Competition (dtic) said on Wednesday.

    In October last year, the Minister noted the order issued by the Competition Tribunal prohibiting the proposed merger between Vodacom (Pty) Ltd and Maziv (Business Venture Investments No. 2213 (Pty) Ltd).

    The order followed the Competition Commission’s initial recommendation to prohibit the merger, citing significant concerns that it could substantially reduce competition in critical markets, particularly within the 5G Fixed Wireless Access (FWA) and fibre infrastructure sectors.

    READ | Minister notes Competition Tribunal’s decision on Vodacom, Maziv merger

    In a statement on Tuesday, the Competition Commission said it had reached an agreement with the parties on revised conditions that substantially remedy the competition concerns raised by the Commission in its recommendation to the Tribunal that the Vodacom/Maziv merger be prohibited.

    This agreement follows constructive engagements between the Commission and the merger parties to remedy the deficiencies in the previous conditions identified by the Tribunal in its prohibition of the merger.

    There were three primary competition concerns that were not adequately addressed by the proposed conditions at the time of concluding the Tribunal hearings.

    The first of these was the horizontal reduction in competition between Fixed Wireless Access (FWA) and Fibre to the Home (FTTH).

    According to the Commission, the revised conditions address these shortcomings by improving the capex commitment by Maziv and extending it to a five-year period post-merger to ensure that Maziv remains incentivised to service third party network operators.

    The second issue was the horizontal overlap in FTTH infrastructure and potential price increases post-merger.

    “The previous conditions were inadequate insofar as they included a ‘weak’ divestiture condition that did not adequately incentivise the merging parties to divest the overlapping infrastructure. The revised conditions put in place a standard divestiture arrangement whereby the failure to sell the assets within a particular period result in a trustee divestiture process to ensure the assets are divested and pre-merger competition is restored,” said the Commission.

    It further added that the condition follows the standard formulation used in other merger transactions and requires that a transparent and competitive process be followed to identify a proposed purchaser.
    The third issue was over vertical foreclosure concerns with the commission stating that although there were fairly comprehensive conditions in place to address foreclosure, there were notable challenges with monitoring and enforcing the conditions with the resulting concern that action would not be sufficiently timely to prevent foreclosure from occurring and harming competition.

    “The revised conditions introduce some structural changes to Maziv’s governance structure that limit the merged entity’s incentives to foreclose competitors. The conditions now also incorporate an enhanced fast-track interim relief process that will address potential foreclosure concerns while the lengthier formal process to investigate any alleged foreclosure is underway. This ensures that any attempt to get a first-mover advantage that will have an enduring effect in the market can be prevented through fast-track interim relief,” it said.

    Public interest

    The Commission added that there are significant improvements to the public interest commitments which increase the substantiality of these commitments.

    These include additional capex spend to roll-out new (Fibre-to-theBusiness (FTTB), FTTH and Fibre-to-the-Site (FTTS) infrastructure, free access to 1Gigabit per second fibre lines for public libraries and clinics passed by FTTH infrastructure, an increase in the number of police stations that Vodacom will provide with FWA products, an additional commitment to enterprise development and an increase in the employee share ownership plan previously agreed.

    “Access to reliable, high-speed internet is the cornerstone of a dynamic economy and a democratic society. The Commission is confident that the revised conditions agreed with the merger parties will ensure that South Africa will benefit from the continued competitive prices and product choices in this critical sector,” Commissioner Doris Tshepe said.

    This as Minister Tau further welcomed the investment committed by parties.

    “This commitment will ensure that South Africa participates meaningfully in the global economy through new sectors like Generative Artificial Intelligence, the Internet of Things and other ICT related sectors which will propel the world into the future.

    “The matter will proceed, unopposed, at the Competition Appeal Court where the agreement will be placed before the Court for its final consideration. The Minister thanks all parties involved for their constructive engagement throughout this process,” said the dtic.

    The Commission as one of the the three independent statutory bodies established in terms of the Competition Act to regulate competition between firms in the market, it is the investigating and prosecuting agency in the competition regime while the Tribunal is the court. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI: Debt Financing in USA for Venture, Business, and Real Estate Loan Options Explained

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, July 09, 2025 (GLOBE NEWSWIRE) — 50KLoans, a leading US based loan comparison and matchmaking platform, has announced the official launch of its nationwide debt financing service, providing individuals, startups, and real estate investors with fast access to capital while retaining full ownership of their assets.

    In today’s economic climate, securing funding without giving up equity is critical. Through this new offering, 50KLoans connects borrowers with vetted lenders offering various types of debt financing, including real estate debt financing, venture debt financing, and small business term loans. Applicants can secure funding ranging from $5,000 to $500,000 with flexible terms and competitive interest rates.

    Check Your Eligibility for Debt Financing >>

    What Is Debt Financing and Who Is It For?

    For those unfamiliar, what is debt financing? Simply put, it refers to borrowing money that must be repaid over time with interest. According to the debt financing definition, this model allows businesses and individuals to raise capital without selling ownership stakes.

    • Real estate developers seeking property funding
    • Entrepreneurs avoiding early equity dilution
    • Businesses needing expansion capital or equipment loans
    • High-growth startups seeking venture debt financing to extend runway between equity rounds

    Types of Debt Financing Offered via 50KLoans

    50KLoans helps users explore different types of debt financing through its streamlined platform:

    • Real Estate Debt Financing – Funding for residential, commercial, or fix-and-flip property purchases.
    • Venture Debt Financing – Designed for startups with venture backing, without giving up more equity.
    • Short-Term Loans – Quick funding for temporary cash flow issues.
    • Installment Business Loans – Fixed monthly repayment plans from 6 to 60 months.
    • Line of Credit – Flexible access to revolving funds for ongoing operational needs.

    Check Your Eligibility for Debt Financing >>

    Advantages and Disadvantages of Debt Financing

    Before applying, it’s crucial to understand the advantages and disadvantages of debt financing:

    Advantages:

    • Retain full business ownership
    • Tax-deductible interest payments
    • Fixed repayment terms provide financial clarity

    Disadvantages:

    • Requires consistent cash flow for repayment
    • Missed payments can impact credit or lead to collateral loss

    Real Estate and Commercial Debt Financing Options

    With the surge in property investments and developments, commercial real estate debt financing has become a major segment. 50KLoans helps users connect with lenders for:

    • Fix-and-flip loans
    • Multi-family and commercial property loans
    • Bridge financing for property transitions

    How to Apply for Debt Financing with 50KLoans

    1. Visit 50KLoans and select the “Debt Financing” option from the homepage.
    2. Complete a short 2-minute application with basic business or personal financial details, no credit check required.
    3. Get instantly matched with trusted lenders offering various types of debt financing, including real estate and venture debt financing.
    4. Compare personalized loan offers, repayment terms, and interest rates—all in one place.
    5. Select the best offer for your needs and receive funds, often within 24 hours of approval.

    FAQs

    What is debt financing and how does it differ from equity?
    Debt financing means borrowing money with a promise to repay, while equity financing involves selling shares in your company.

    Is real estate debt financing available nationwide?
    Yes, applicants across the USA can access real estate loans through partnered lenders.

    Are there risks to debt financing?
    Like any loan, repayment is mandatory. It’s important to assess your repayment capacity before applying.

    Media Contact:
    Mukesh Bhardwaj
    Email: mukesh@paydayventures.com

    Disclaimer: 50KLoans is not a lender and does not make credit decisions. Loan approvals, rates, and terms are set by third-party lenders based on individual eligibility and underwriting criteria.

    The MIL Network

  • MIL-OSI Africa: From Innovation to Impact: Angolan Oilfield Service Providers Join Angola Oil & Gas (AOG) 2025

    Source: APO

    With Angola’s oil and gas industry on track for significant growth, driven by $60 billion in upstream investment over the next five years, the demand for innovative oilfield services is also anticipated to rise. As sub-Saharan Africa’s second largest oil producer, the country already boasts the presence of several major regional and global service providers, all of which are eager to step-up their support of Angola’s upstream oil and gas projects.

    This year’s Angola Oil & Gas (AOG) conference and exhibition – taking place September 3-4 in Luanda – will feature speakers from Angola’s leading service providers. At the helm of these is Bráulio de Brito, President of the Angola Oil & Gas Service Companies Association (AECIPA). As an association representing the country’s service companies, AECIPA promotes, supports and sponsors professional initiatives of service companies in the country, with the aim of driving economic growth through inclusive investments and local content. At AOG 2024, de Brito highlighted the value of preparing Angolan service providers to better-support the industry. De Brito returns to AOG 2025 to discuss strategies for fostering inclusion and innovative growth.

    João Filipe, Chairman & CEO of Cabship, has also joined the event as a speaker. Celebrating 16 years of operations in 2025, Cabship continues to prioritize digitalization, diversification and optimized service delivery across the country. The company is strengthening the Angolan oil and gas value chain by driving investment in key sectors, including logistics and infrastructure. Notable developments include the acquisition of a 50,000 m² construction yard near Malongo in Cabinda. The yard will enhance the company’s fabrication and logistics capabilities in both Cabinda and Soyo. Cabship is also developing a diving and offshore marine support company in the Cabinda Special Economic Zone. Groundwork for the establishment is already underway, signaling new opportunities for enhance service delivery offshore Angola. Cabship is also a Gold Sponsor of AOG 2025.

    Oceaneering is also expanding its service offerings with aims to strengthen oil and gas project support in Angola. With a strong track record of delivering innovative solutions offshore, Oceaneering has committed to supporting Angolan oil production. The company offers a variety of services, including remotely operated vehicles and remote operations, diving services, asset integrity and inspection, vessel management and engineering, machining and fabrication. The company has provided support for projects across Block 17 – one of Angola’s legacy fields -, Block 18 and Block 31. Earl Childress, CCO and SVP: Business Development at Oceaneering, will speak at AOG 2025. Oceaneering is a Silver Sponsor at the event.

    Landry Pouna, Director of Operations, KAESO Energy Services, is expected to share insight into the company’s tailored and cost-effective solutions. With operations across Angola and Namibia, KAESO Energy Services seeks to improve asset reliability, extend production lifecycles and reduce operational risks, all while building domestic technical capabilities. At AOG 2025, Pouna’s insights will support future partnerships between the company and international operators.

    Meanwhile, Aarti Dange, Director of Customer Experience, Emerson, will build on these discussions, sharing insight into the company’s expansion strategy in Angola. Emerson recently partnered with MSTelcom – a subsidiary of Angolan national oil company Sonangol – to provide its full automation portfolio for energy and industrial customers in the country. The partnership supports Angolan hydrocarbon production by leveraging Emerson’s global expertise and modernized technologies.

    Distributed by APO Group on behalf of Energy Capital & Power.

    Media files

    .

    MIL OSI Africa

  • MIL-OSI: EngageLab Showcases Omnichannel Engagement and AI Innovation at The MarTech Summit Hong Kong

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, July 09, 2025 (GLOBE NEWSWIRE) — EngageLab, a global leader in customer engagement and marketing technology, proudly participated in The MarTech Summit Hong Kong, one of Asia’s premier events for marketing technology professionals. The summit brought together industry leaders, innovators, and decision-makers to explore the latest trends and breakthroughs shaping the future of MarTech.

    This year’s summit featured senior marketing executives from world-renowned brands such as JPMorgan, Yahoo, Nike, and DBS, as well as leading Hong Kong enterprises including Cathay Pacific, Hong Kong Disneyland, and The Hong Kong Jockey Club. EngageLab had the valuable opportunity to engage directly with these marketing leaders, exchanging insights on omnichannel solutions and how innovative technology can drive customer engagement and business growth in today’s digital landscape.

    During the summit, a senior executive from a leading international airline initiated an in-depth discussion with EngageLab regarding the challenges and opportunities of implementing a true omnichannel engagement strategy. The conversation focused on how to seamlessly integrate mobile app notifications, email, SMS, and WhatsApp to ensure timely, personalized communication with passengers throughout their journey—from booking and check-in to real-time updates and post-flight feedback. The airline was particularly interested in EngageLab’s proven ability to deliver high-concurrency messaging with industry-leading deliverability, as well as its robust compliance and data privacy standards for global operations.

    At the event, EngageLab showcased its cutting-edge solutions, including marketing automation and omnichannel (AppPush, WebPush, Email, SMS, WhatsApp and OTP). These solutions empower businesses to achieve seamless, personalized, and efficient customer engagement across every touchpoint—helping brands accelerate digital transformation and drive sustainable global growth.

    “We are honored to join The MarTech Summit Hong Kong and connect with industry peers who are passionate about innovation and customer-centric growth,” said Tanya Quan, Marketing Director at EngageLab. “Our mission is to empower businesses with robust, scalable, and intelligent engagement tools that unlock new opportunities in the digital era.”

    As a trusted partner to hundreds of leading enterprises across technology, e-commerce, finance, media, and more, EngageLab remains committed to delivering best-in-class solutions that drive business value and customer success worldwide.

    For more information about EngageLab’s solutions or to schedule a personalized consultation, please visit www.engagelab.com or contact sales@engagelab.com.

    About EngageLab
    EngageLab is a world-leading AI-powered omnichannel customer engagement solution provider, unites technology and versatility to offer seamless customer interactions and marketing automation across every channel, including Email, AppPush, WebPush, OTP, SMS and WhatsApp Business. It empowers businesses to build lasting relationships and achieve higher conversions and retention. With a strong focus on innovation and performance, EngageLab supports businesses in over 220 countries and regions, delivering more than 1 million messages every second across various channels.

    For Media Inquiries:
    Contact: marketing@engagelab.com
    Website: www.engagelab.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8149daf0-0ff1-429d-a9d5-864fa92bc469

    The MIL Network

  • MIL-OSI United Kingdom: RSH downgrades Sustain to V3

    Source: United Kingdom – Government Statements

    Press release

    RSH downgrades Sustain to V3

    The Regulator of Social Housing has downgraded Sustain (UK) Ltd to V3 meaning that the landlord does not meet the financial viability requirements and there are issues of serious regulatory concern.

    Sustain provides supported housing in Birmingham through short term leases. It has not demonstrated it is able to manage its financial risk and that its business planning is sufficiently robust to ensure its long-term viability.   

    The regulator’s previous G3 grading remains unchanged. Its governance arrangements are not effective to ensure adequate oversight of third parties it relies on to deliver services to its tenants and to ensure that it is not inappropriately advancing third party interests.   

    The previous judgement that Sustain is not delivering the outcomes of the Rent Standard also remains unchanged.   

    Jonathan Walters, Deputy Chief Executive of RSH, said:  

    It is disappointing that Sustain has not made the necessary improvements in its governance since the last judgement.   

    Failing to meet the requirements of the rent standard in this case has given rise to serious financial risks.  

    It must now take effective action to demonstrate a financial plan that is based on appropriate and reasonable assumptions that protects its homes and delivers quality services for its tenants.” 

    Separately, RSH has placed Phoenix Community Housing Association on its gradings under review list

    RSH is currently investigating matters which may indicate serious failings in the landlord delivering the outcomes of the Governance and Financial Viability Standard and the Consumer Standards. The outcome of the investigation will be confirmed in a regulatory judgement, once completed. 

    Notes to Editors

    1. The regulatory standards page provides information about the economic and consumer standards that registered providers must meet. 

    2. RSH promotes a viable, efficient and well-governed social housing sector able to deliver more and better social homes. It does this by setting standards and carrying out robust regulation focusing on driving improvement in social landlords, including local authorities, and ensuring that housing associations are well-governed, financially viable and offer value for money. It takes appropriate action if the outcomes of the standards are not being delivered.  

    3. If RSH is investigating a landlord due to suspected serious failings, we may place them on the gradings under review list. This is likely to be where our engagement is ongoing and we think it is appropriate to alert stakeholders to the fact that we have serious concerns about that landlord’s delivery of the standards outcomes, which we are investigating. More information about the gradings under review list and RSH’s approach is available on its website.  

    4. Phoenix Community Housing Association’s current regulatory grades are G2/V2/C1.

    For general enquiries email enquiries@rsh.gov.uk. For media enquiries please see our Media Enquiries page.

    Updates to this page

    Published 9 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: City businesses and start-ups in line for quadruple Council grants boost

    Source: Scotland – City of Aberdeen

    Fledgling and established small and medium businesses are in line for a grant funding boost thanks to four Aberdeen City Council-led schemes aimed at developing environmentally friendly growth and strengthening communities.

    The schemes, being led by the council will see over £500,000 of UK Shared Prosperity Fund grants made available through to February 2026 or whenever the total allocations are fully disbursed.

    The four grant streams will help provide start-up funding, slash energy costs and boost sustainability, grow business through innovation and help businesses host events to energise the city centre and increase footfall through fostering community spirit.

    Councillor Alex McLellan, Finance and Resources Convener, said “These grant schemes are to help smaller businesses, and start-ups, in Aberdeen to grow sustainably, reduce energy costs and to help them play their part in revitalising our city centre.

    “Aberdeen is home to a huge number of successful businesses which contribute to making our city a vibrant place.

    “I would encourage businesses across the city to take this opportunity and apply for funding.”
    The four grant schemes are:  
    Aberdeen Energy Efficiency Programme – Aberdeen City Council, in partnership with Scarf is offering non-repayable grants of up to £10,000 to help businesses, sole traders and third sector organisations through covering up to 50% of their energy saving project costs. Applications will be accepted up until 23 November 2025 and should be made through

     https://www.scarf.org.uk/organisation/sustainable-business/aberdeen-energy-efficiency-programme/

    Business Start-up Grant Scheme– the Council is offering start up grants of up to £1,000 for home-based or mobile businesses and £3,000 for traders in rateable businesses premises, with businesses launched since 1 October 2024 also being eligible. Applications will be accepted up until 28 February 2026 and should be made via: 
    https://www.aberdeencity.gov.uk/services/services-business/business-start-grant-scheme

    Business Growth and Innovation Grant Scheme – offering businesses match-funded grants of up to £2,500 and 50% of eligible capital costs to help with expanding premises, adopting new technology, building a more sustainable future, workforce expansion and other business ambitions. Applications should be submitted by 28 February 2026 to https://www.aberdeencity.gov.uk/services/services-business/business-growth-and-innovation-grant-scheme

    Support for City Centre Events and Markets – offers discretionary grant funding to businesses looking to host events boosting community spirit, attracting footfall and energising the city centre. Funding is £1,000 per business per event with up to two applications allowed if multiple businesses co-organise. Applications are welcomed up until 28 February and should be submitted to  
    https://www.aberdeencity.gov.uk/services-business/support-city-centre-events-and-markets

    Previous recipients of grant funding have highlighted their positive impacts.

    Philip Sutherland, Director, Freeland Freight Services, said: “We’re already seeing a significant impact from the new high-efficiency boiler installed by Aberdeen Gas Services. Our gas consumption has dropped by over 60% compared to the same period last year, which not only reduces our energy bills but also supports our efforts to lower carbon emissions.

    “The entire process, from application to installation, was straightforward and efficient. This upgrade marks a major step forward in our sustainability journey, and we’re extremely grateful to Scarf and for grant funding from Aberdeen City Council for making it possible”

    Harvey Logan, Founders Associate, Ember, said: “In March this year we installed a 145kWp solar array supplying power to our electric bus depot in Bridge of Don. The grant from Aberdeen City Council and support from Scarf was instrumental in our decision to go ahead with this installation as it supported the commercial case and provided momentum to the project.

    “Since the solar system went live it’s generated over 43MWh of renewable electricity. We’re delighted with this outcome and now plan to use lessons learnt to install solar at more Ember sites across Scotland”

    Brenda Young, Head of Income and Impact, Aberdeen Foyer, said: “Applying for the grant was a straightforward process, and we’re incredibly grateful for the support. The funding enabled us to upgrade our boiler, helping us create a warm, safe space for programme participants while also reducing our running costs. This means we can focus more of our resources on supporting those who need it most across Aberdeen City.” 
     

    MIL OSI United Kingdom

  • MIL-OSI Submissions: Doing business in conflict zones: what companies can learn from Lafarge’s exit from Syria

    Source: The Conversation – France – By Nathalie Belhoste, Associate professor, EM Lyon Business School

    The world experienced over 60 armed conflicts in 2024, a “historically high” number according to scholars in the Department of Peace and Conflict Research at Uppsala University. Consequently, the risks faced by multinational companies (MNCs) operating in conflict-torn regions, especially the Middle East and North Africa, have significantly intensified. Israel’s recent airstrikes targeting Iran’s nuclear facilities are another reminder of the escalating violence and instability that are causing loss of life and threatening businesses.

    In response to the increase in international crises and armed violence, the United Nations Global Compact has urged companies and investors to adopt more responsible practices in conflict-affected and high-risk areas, so as to position themselves as crucial actors in providing peace and stability.

    The role of business in conflict zones

    The debate over the role of business in conflict zones is not new but is gaining traction among scholars and practitioners alike. Questions include whether companies can leverage their influence to support peacebuilding efforts, and whether some firms may exploit unstable environments to maximize profit and thus exacerbate conflict.

    MNCs tend to respond to conflict by adopting one of the following strategies:

    1) an exit strategy (ie withdrawing from a conflict zone)

    2) a business-as-usual strategy that merely complies with changing local conditions and regulations

    3) a take-advantage strategy of profiteering from a war economy

    4) or a proactive engagement strategy aimed at contributing to public security

    But, if an MNC decides to stay and continue operating in a conflict zone, it can hardly be guided by a single strategy. Moreover, since strategies evolve in response to unfolding events, their adaptation may lead to unforeseen consequences and possibly far-reaching negative impacts.

    This is clearly demonstrated by our recent study on the case of Lafarge in Syria. Lafarge Cement Syria (LCS), the local subsidiary of the former French multinational construction company Lafarge, continued operating during the Syrian civil war from 2011 until 2014, while most foreign companies withdrew in response to escalating violence and political instability. To maintain production at its Jalabiya plant in northeast Syria, LCS managers established arrangements with various armed groups, including the Islamic State of Iraq and Syria (ISIS) and the al-Nusrah Front (ANF) – “both US-designated foreign terrorist organisations” – providing financial payments called “protection money” and purchasing raw material from suppliers under their control.

    The MNC’s stay-at-all-cost strategy in an active civil war zone culminated in a forced withdrawal from Syria – the night before ISIS took full control over the LCS factory – and subsequent, ongoing legal proceedings in France against Lafarge and LCS for alleged financing of terrorism (at least €13 million paid to armed groups including ISIS), violation of international sanctions against Syria, complicity in crimes against humanity, and endangering the lives of others. In early 2024, a French court dropped the charge against Lafarge of endangering the lives of its Syrian employees.

    In 2022, Lafarge and its Syrian subsidiary pleaded guilty in a US federal court to conspiring to provide material support to foreign terrorist organisations. Lafarge agreed to pay a $778 million fine. The guilty plea came seven years after “what was originally billed as a merger of equals” between Lafarge and its Swiss rival Holcim. The year after LafargeHolcim, amid a growing scandal over the allegations, renamed itself Holcim Ltd.


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    A ‘downward spiral’

    In our study, we examined how some Lafarge and LCS managers navigated Syria’s shifting wartime landscape by analysing the relational, informational and financial strategies they used to engage with various non-state armed groups to sustain operations. Our findings reveal that over the four-year period from 2011 to 2014, a series of short-term, cost-benefit decisions produced a “downward spiral” of strategic responses. Rather than ensuring the company’s survival in an active conflict zone, these strategies increased its dependence on regime-connected intermediaries and war profiteers, and entangled it in the darkness of the Syrian war economy. Ultimately, this led to consequences that extended far beyond mere business failure.

    Four key factors shaped this downward spiral. The first is the diversity and fluidity of non-state armed actors with whom the company engaged. LCS paid “protection money” to a range of armed groups – including Kurdish military factions, insurgent groups and militias – prior to the emergence of jihadist organisations, particularly ISIS, in the vicinity of its cement factory. Initially, threats posed by jihadist groups were overshadowed by the complex, shifting alliances and rivalries among local actors vying for control over the resources in the region.

    The second factor that shaped the downward spiral is the gradual collapse of state authority in Syria, especially in the region near the factory. When the factory began production in 2010, its operations took place in a zone under the control of the Syrian government. This was a certain guarantee of security provided by the regime, which wanted to ensure the continuous payment of LCS local taxes. But after the outbreak of the civil war in 2011, the government started losing control in many parts of the country, including northeast Syria. Faced with this institutional vacuum, LCS managers took security into their own hands by establishing arrangements with various armed groups to safeguard their business.

    The third factor is the level of the subsidiary’s exposure to the conflict. At first, the plant’s exposure to violence was low because of its geographical distance from the heart of the conflict. However, by mid-2012, and especially in 2013, fighting intensified close to the factory, which sat near the strategic M4 highway linking eastern Syria to Turkey and Iraq. The highway was a key route used by the company’s suppliers, but also by local rebel and militia groups.

    The fourth factor relates to the vulnerability of infrastructure and local supply chains. With $680 million invested in the cement plant’s construction and big hopes for a post-war reconstruction boom in the region, Lafarge was determined to protect its assets and access to critical resources. This imperative, coupled with ambitions to merge with Holcim as early as 2013 (the merger was completed in 2015), drove the company to prioritize continued production, even if it meant aligning with local warlords.

    These four factors and their respective dynamics pushed Lafarge and LCS to adopt increasingly unconventional and ethically questionable strategies. In adapting to the unfolding conflict and increasing violence, the company made a series of compromises that ultimately led to negotiations and arrangements with ISIS.

    What lessons should MNCs draw from this case?

    Lafarge’s dismal experience in war-torn Syria highlights a pattern of “organisational shortsightedness” that often affects MNC managers operating in conflict zones. As security deteriorates, firms may become entangled with local power brokers, adapting incrementally to survive, until they are so embedded that withdrawal becomes impossible. To break this cycle, companies must rigorously assess the potential fallout of their strategies and avoid entanglements with armed factions altogether. Moreover, to survive in conflict zones, MNC subsidiary managers need to gain country-specific knowledge and experience, and consider context complexity and dynamics as constituent elements of their strategies.

    Our research serves as a cautionary tale. It warns decision-makers of the dangers of deploying financial and relational strategies in conflict zones that may increase a company’s dependence on non-state armed groups. Such business practices risk compromising objective decision-making and obscuring legal and ethical boundaries and can ultimately backfire. To avoid this, managers should design a responsible withdrawal strategy at the beginning of an armed conflict to ensure employees’ safety. Managers must also adopt ethical and conflict-sensitive practices in strict compliance with the actions for businesses operating in conflict zones recommended by the UN Global Compact.




    À lire aussi :
    Will multinational companies flock to Syria? Maybe, if foreign aid arrives first


    We also encourage corporate leaders to develop “critical geopolitical awareness” by gaining more contextual knowledge and integrating a multilevel political risk analysis into their strategies. This would provide them with a deeper understanding of the complexity and dynamics of an armed conflict and the relevant actors they need to engage with or avoid. Only with informed leadership can managers effectively and responsibly navigate the complex and often hazardous landscape of doing business in conflict zones.

    Les auteurs ne travaillent pas, ne conseillent pas, ne possèdent pas de parts, ne reçoivent pas de fonds d’une organisation qui pourrait tirer profit de cet article, et n’ont déclaré aucune autre affiliation que leur organisme de recherche.

    ref. Doing business in conflict zones: what companies can learn from Lafarge’s exit from Syria – https://theconversation.com/doing-business-in-conflict-zones-what-companies-can-learn-from-lafarges-exit-from-syria-260604

    MIL OSI

  • MIL-OSI Africa: Algeria deepens trade ties with other African countries as it gears up for Africa’s biggest marketplace

    Source: APO

    Algeria is working towards increasing its share of trade with other African countries by tapping into opportunities created by the African Continental Free Trade Area (AfCFTA).

    In a keynote address during the Algeria Intra-African Trade Fair (IATF) 2025 Business Roadshow, Algeria’s Minister of Foreign Trade and Export Promotion, H.E. Prof. Kamal Rezig stated that this includes enhancing continental connectivity through infrastructure projects such as the Trans-Sahara Highway and the Zouerate Road project linking the Tindouf border with Mauritania and the Nigeria-Algeria gas pipeline and fibre optic cable.

    “In order to improve the business climate in Algeria, the State has endeavoured to ensure a stable, transparent, stimulating and attractive economic and institutional environment for investment. This is in addition to ensuring stability of legislation that regulates local and foreign investment, and simplifying administrative procedures, development and strengthening of the banking system, the capital market and the insurance sector, as well as development of human resources capabilities and skills, with the aim of adapting its economy to global transformations,” H.E. Rezig said, adding that besides developing key sectors, the country is also promoting exports in the continent within the framework of AfCFTA.

    In 2024, Algeria’s share of total intra-African trade stood at 2.2%, marginally growing from 1.9% in 2022, according to African Trade Report 2025 (http://apo-opa.co/44BzJhH). Mineral fuels and oils make up 91.5% of its exports. The country’s top-five African export partners in 2023 based on volumes are Tunisia (70.7%), South Africa (6.7%), Cote d’Ivoire (3.6%), Nigeria (3.1%) and Senegal (2.7%) states the Country at a Glance: Algeria 2024 report (http://apo-opa.co/4m4chRF) while its top-five import partners  are Mauritania (38.8%), Tunisia (32.7%), Cote d’Ivoire (9%), Morocco (6%) and Uganda (2.2%).

    The Algeria IATF2025 Business Roadshow focused on promoting intra-African trade, bringing together government officials, the trade community, including businesses, investors, and executives from African Export-Import Bank (Afreximbank). Hosted by Afreximbank, in collaboration with the Government of the People’s Democratic Republic of Algeria, the roadshow was one of the five roadshows hosted in key cities including Accra, Nairobi, Johannesburg, and Lagos in the run up to the fourth edition of IATF, Africa’s premier trade and investment event that is held biennially, scheduled to take place in Algiers, Algeria, from 4 – 10 September 2025 hosted by the Government of the People’s Democratic Republic of Algeria. IATF provides a platform for businesses to showcase goods and exchange trade and investment information within the continent’s single market.

    The Chairman of IATF2025 Advisory Council and former President of the Federal Republic of Nigeria, H.E. Chief Olusegun Obasanjo said that intra-African trade presents a huge opportunity for African economies to enhance their resilience in today’s rapidly changing world.

    “Through the IATF, the largest, go-to trade and investment fair on the continent, Africa needs to join hands and build on the gains that have been achieved so far in promoting trade with itself under the AfCFTA framework. AfCFTA provides an opportunity for the continent to achieve economic emancipation and self-reliance and build the Africa We Want. This will help unlock the continent’s vast potential while accelerating industrialisation and job creation,” H.E. Obasanjo added.

    The past three editions of IATF have attracted over 70,000 participants and 4,500 exhibitors, and hosted buyers and sellers from over 130 countries, generating more than $100 billion in trade and investment deals. This provides a glimpse of the immense potential that exists for intra-African trade and investment.

    Afreximbank’s Executive Vice-President, Intra-African Trade & Export Development, Mrs Kanayo Awani noted that whereas conventional wisdom attributes Africa’s low intra-continental trade to infrastructure deficits, a more fundamental barrier is the lack of access to trade and market information.

    “Afreximbank launched the IATF —not merely as an exhibition but as a marketplace for the AfCFTA and a platform to close the trade information gap. Since its inception in 2018, IATF has held three resoundingly successful fairs. In these fairs, Algeria showed up strongly and directly benefited from facilitated trade and investment deals worth over $2 billion. Now, Algeria has the opportunity to host the fourth edition. As Africa’s largest country by land and the fourth-largest economy by GDP, Algeria has both the duty and the opportunity to lead. Algeria’s competitive advantages—energy, agriculture, pharmaceuticals, financial services, light manufacturing, ICT, and automotive assembly—are all primed for scale and export across the continent,” Mrs Awani said. She challenged businesses and government agencies in Algeria and the North African region to take centre stage at IATF2025, where over 2,000 exhibitors from Africa and beyond will showcase their products to more than 35,000 visitors and buyers from over 140 countries, resulting in trade and investment deals in excess of US$44 billion.

    IATF2025 will feature a trade exhibition by countries and businesses; and the Creative Africa Nexus (CANEX) programme spotlighting cultural industries with a dedicated exhibition and summit on fashion, music, film, arts and craft, sports, literature, gastronomy and culinary arts. It will also include a four-day Trade and Investment Forum featuring leading African and international speakers; and the Africa Automotive Show for auto manufacturers, assemblers, original equipment manufacturers and component suppliers. Special Days will highlight countries, public and private sector entities, tourism, cultural attractions, and Global Africa Day celebrating ties with the African diaspora. Additional activities include business-to-business and business-to-government matchmaking, the AU Youth Start-Up programme, the Africa Research and Innovation Hub, and the African Sub-Sovereign Governments Network (AfSNET) to promote local trade and cultural exchanges. The IATF Virtual platform is also live, connecting exhibitors and visitors year-round.

    Planning for IATF2025 is in top gear with significant progress made in ensuring a seamless logistical experience and delivering a successful event.

    The theme of Algeria IATF2025 Business Roadshow was ‘Harnessing Regional and Continental Value Chains: Accelerating Africa’s Industrialisation and Global Competitiveness under the AfCFTA’. It was also attended by H.E Ms. Baleka Mbete, the founder of NaLHISA and former Deputy President of the Republic of South Africa; H.E Zitouny El-Tayeb, Minister of Internal Trade; H.E. Selma Mansouri, the Secretary of State to the Minister of Foreign Affairs, in charge of African Affairs; H.E. Moses Vilakati, AU Commissioner for Agriculture, Rural Development, Blue Economy and Sustainable Environment and Acting Commissioner for Economic Development, Trade, Tourism, Industry and Minerals; and Mr. Jean Louis-EKRA, former President of Afreximbank and Deputy Chair of the Intra-African Trade Fair Advisory Council.

    To participate in IATF2025 please visit www.IntrAfricanTradeFair.com

    Distributed by APO Group on behalf of Afreximbank.

    Media contact: 
    media@intrafricatradefair.com 
    press@afreximbank.com

    About the Intra-African Trade Fair:
    Organised by the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, the Intra-African Trade Fair (IATF) is intended to provide a unique platform for facilitating trade and investment information exchange in support of increased intra-African trade and investment, especially in the context of implementing the African Continental Free Trade Agreement (AfCFTA). IATF brings together continental and global players to showcase and exhibit their goods and services and to explore business and investment opportunities in the continent. It also provides a platform to share trade, investment and market information with stakeholders and allows participants to discuss and identify solutions to the challenges confronting intra-African trade and investment. In addition to African participants, the Trade Fair is also open to businesses and investors from non-African countries interested in doing business in Africa and in supporting the continent’s transformation through industrialisation and export development. 

    Media files

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    MIL OSI Africa

  • MIL-OSI China: SCIO briefing on China’s economic performance in April 2025

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

    中文

    Speakers:

    Mr. Fu Linghui, spokesperson of the National Bureau of Statistics (NBS) and director general of the Department of Comprehensive Statistics of the NBS

    Chairperson:

    Zhou Jianshe, deputy director general of the Press Bureau of the State Council Information Office (SCIO) and spokesperson of the SCIO

    Date:

    May 19, 2025


    Zhou Jianshe:

    Ladies and gentlemen, good morning. Welcome to this press conference held by the State Council Information Office (SCIO). This is a regular briefing on China’s economic data. Today, we are joined by Mr. Fu Linghui, spokesperson of the National Bureau of Statistics (NBS) and director general of the Department of Comprehensive Statistics of the NBS. Mr. Fu will brief you on China’s economic performance in April 2025 and then take your questions.

    First, I will give the floor to Mr. Fu for his introduction.

    Fu Linghui:

    Good morning, everyone. As usual, I will start by briefing you on the main economic indicators for this April and then take your questions.

    In April, the national economy withstood pressure and maintained stable growth.

    In April, in the face of a complicated situation marked by increasing external shocks and multiple domestic difficulties and challenges, under the strong leadership of the Communist Party of China (CPC) Central Committee with Comrade Xi Jinping at its core, all regions and departments strictly implemented the decisions and arrangements made by the CPC Central Committee and the State Council, adhered to the general principle of pursuing progress while ensuring stability, fully and faithfully applied the new development philosophy on all fronts, accelerated efforts to create a new pattern of development, took solid steps to promote high-quality development, stepped up the implementation of more proactive and effective macro policies, and responded to the external shocks effectively. As a result, production and demand grew steadily, employment was generally stable, and new growth drivers accumulated and grew. The national economy maintained stable growth despite pressure, sustaining the new and positive development momentum.

    Fu Linghui:

    First, industrial production grew quickly, with equipment manufacturing and high-tech manufacturing showing good growth momentum.

    In April, the total value added of industrial enterprises above designated size grew by 6.1% year on year, or 0.22% month on month. In terms of sectors, the value added of mining went up by 5.7% year on year, manufacturing up by 6.6%, and the production and supply of electricity, thermal power, gas and water up by 2.1%. The value added of equipment manufacturing increased by 9.8% year on year, and that of high-tech manufacturing increased by 10.0%, which were 3.7 percentage points and 3.9 percentage points faster than that of industrial enterprises above designated size, respectively. In terms of ownership, the value added of state holding enterprises was up by 2.9% year on year; that of share-holding enterprises was up by 6.6%; that of enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan was up by 3.9%; and that of private enterprises was up by 6.7%. In terms of products, the outputs of 3D printing devices, industrial robots and new energy vehicles (NEVs) grew by 60.7%, 51.5% and 38.9% year on year, respectively. In the first four months, the total value added of industrial enterprises above designated size went up by 6.4% year on year. In April, the Manufacturing Purchasing Managers’ Index was 49.0%; and the Production and Operation Expectation Index was 52.1%. In the first three months, the total profits made by industrial enterprises above designated size were 1,509.4 billion yuan, up by 0.8% year on year.

    Second, the service sector grew steadily and modern services developed well.

    In April, the Index of Services Production grew by 6.0% year on year. In terms of sectors, that of information transmission, software and information technology services, leasing and business services, wholesales and retails, and finance grew by 10.4%, 8.9%, 6.8% and 6.1% year on year, respectively, which were 4.4 percentage points, 2.9 percentage points, 0.8 percentage point and 0.1 percentage point faster than that of the Index of Services Production. In the first four months, the Index of Services Production increased by 5.9% year on year. In the first three months, the business revenue of service enterprises above designated size went up by 7.0% year on year. In April, the Business Activity Index for Services was 50.1%, and the Business Activity Expectation Index for Services was 56.4%. Specifically, the Business Activity Index for industries like air transportation, telecommunication, broadcast, television and satellite transmission services, internet software and information technology services, and insurance stayed within the high expansion range of 55.0% and above.

    Third, market sales maintained steady growth and trade-in goods grew quickly.

    In April, the total retail sales of consumer goods reached 3,717.4 billion yuan, up by 5.1% year on year, or up by 0.24% month on month. Analyzed by different areas, the retail sales of consumer goods in urban areas reached 3,237.6 billion yuan, up by 5.2% year on year; and that in rural areas reached 479.8 billion yuan, up by 4.7%. Grouped by consumption patterns, the retail sales of goods were 3,300.7 billion yuan, up by 5.1%; and the income of catering was 416.7 billion yuan, up by 5.2%. Sales of basic living goods and certain upgraded goods showed sound growth. The retail sales of grain, oil and food and of sports and recreational articles by enterprises above designated size went up by 14.0% and 23.3%, respectively. The effect of trade-in of consumer goods continued to manifest, with the retail sales of household appliances and audiovisual equipment, cultural and office supplies, furniture, and communication equipment by enterprises above designated size growing by 38.8%, 33.5%, 26.9% and 19.9%, respectively. In the first four months, the total retail sales of consumer goods reached 16,184.5 billion yuan, up by 4.7% year on year. Online retail sales reached 4,741.9 billion yuan, up by 7.7% year on year. Specifically, the online retail sales of physical goods were 3,926.5 billion yuan, up by 5.8%, accounting for 24.3% of the total retail sales of consumer goods. In the first four months, the retail sales of services grew by 5.1% year on year.

    Fourth, investment in fixed assets continued to expand and investment in manufacturing grew quickly.

    In the first four months, investment in fixed assets (excluding rural households) reached 14,702.4 billion yuan, up by 4.0% year on year; and investment in fixed assets was up by 8.0% with the investment in real estate development deducted. Specifically, investment in infrastructure grew by 5.8% year on year, that in manufacturing grew by 8.8%, and that in real estate development declined by 10.3%. The floor space of newly-built commercial buildings sold was 282.62 million square meters, down by 2.8% year on year; and the total sales of newly-built commercial buildings were 2,703.5 billion yuan, down by 3.2%. By industry, investment in the primary industry increased by 13.2% year on year, that in the secondary industry up by 11.7%, and that in the tertiary industry down by 0.2%. Private investment increased by 0.2% year on year, or increased by 5.8% with the investment in real estate development deducted. In terms of high-tech industries, investment in information services, computer and office device manufacturing, aerospace vehicle and equipment manufacturing, and professional technical services grew by 40.6%, 28.9%, 23.9% and 17.6%, respectively. In April, investment in fixed assets (excluding rural households) increased by 0.10% month on month.

    Fifth, imports and exports of goods kept growing and the trade structure continued to be optimized.

    In April, the total value of imports and exports of goods was 3.84 trillion yuan, a year-on-year increase of 5.6%. Specifically, the total value of exports was 2.26 trillion yuan, up by 9.3%. The total value of imports was 1.57 trillion yuan, up by 0.8%. In the first four months, the total value of imports and exports of goods was 14.13 trillion yuan, a year-on-year increase of 2.4%. Specifically, the total value of exports was 8.39 trillion yuan, up by 7.5%. The total value of imports was 5.74 trillion yuan, down by 4.2%. In the first four months, the imports and exports of general trade went up by 0.6%, accounting for 64% of the total value of imports and exports. Imports and exports by private enterprises went up by 6.8%, accounting for 56.9% of the total value of imports and exports, which is 2.3 percentage points higher than that of the same period last year. The exports of mechanical and electrical products grew by 9.5%, accounting for 60.1% of the total value of exports.

    Sixth, employment was generally stable and the surveyed urban unemployment rate declined.

    From January to April, the average surveyed unemployment rate in urban areas remained flat year on year at 5.2%. In April, the national surveyed urban unemployment rate was 5.1%, 0.1 percentage point lower than that of the previous month. The surveyed unemployment rate of population with local household registration was 5.2% and that of population with non-local household registration was 4.8%, of which the rate of population with non-local agricultural household registration was 4.7%. The surveyed urban unemployment rate across 31 major cities was 5.1%, 0.1 percentage point lower than that of the previous month. Employees of enterprises nationwide worked an average of 48.3 hours per week.

    Seventh, the consumer price index (CPI) fell slightly year on year, and the core CPI growth rate was stable.

    In April, the CPI decreased by 0.1% year on year, and increased by 0.1% compared to the previous month. By category, prices for food, tobacco and alcohol went up by 0.3%; clothing up by 1.3%; housing up by 0.1%; household goods and services for daily use up by 0.2%; transportation and communication prices down by 3.9%; education, culture and recreation up by 0.7%; medical services and health care up by 0.2%; and other articles and services up by 6.6%. In terms of food, tobacco and alcohol, prices for fresh vegetables fell by 5%, grain fell by 1.4%, pork up by 5%, and fresh fruits up by 5.2%. The core CPI, excluding the prices of food and energy, grew by 0.5% year on year. In the first four months, the CPI went down by 0.1% year on year.

    In April, the national producer price index (PPI) for industrial products went down by 2.7% year on year and 0.4% month on month. The purchasing price index for industrial producers went down by 2.7% year on year and 0.6% month on month. In the first four months, the national producer price and purchasing price indexes for industrial products both dropped by 2.4% compared with the same period last year.

    Overall, in April, despite increased external pressures, the coordinated efforts of macro policies ensured steady and relatively rapid growth in major indicators, sustaining the upward and improving trend of the national economy. It should also be noted that external instabilities and uncertainties still remain significant, and the foundation for the continuous improvement of the national economy needs to be further consolidated. In the next stage, we must adhere to the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, resolutely implement the decisions and deployments of the CPC Central Committee and the State Council, and adhere to the general principle of seeking progress while maintaining stability. We must fully and accurately implement the new development philosophy, accelerate the construction of a new development paradigm, coordinate domestic economic work and international economic and trade efforts, unswervingly handle our own affairs well, unswervingly expand high-level opening up, focus on stabilizing employment, enterprises, markets and expectations, solidly promote high-quality development, and promote the continuous recovery and improvement of the economy. Thank you.

    Zhou Jianshe:

    The floor is now open for questions. Please identify your media outlet before raising your questions.

    MIL OSI China News

  • MIL-OSI China: China-Egypt practical cooperation yields fruitful outcomes

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

    Under the strategic guidance of leaders of the two countries, China-Egypt relations have, over the past years, made great strides, becoming a model of solidarity, cooperation and mutual benefit between China and Arab, African, and other developing countries.

    By aligning China’s Belt and Road Initiative (BRI) with Egypt’s Vision 2030, the two countries have drawn up a promising blueprint for practical cooperation and achieved remarkable outcomes across various sectors.

    STRATEGIC COOPERATION

    Chinese Ambassador to Egypt Liao Liqiang said that since the China-Egypt comprehensive strategic partnership was established in 2014, leaders of both countries have frequently met on bilateral and multilateral occasions, jointly steering Belt and Road cooperation and shaping a shared future in the new era.

    Frequent high-level exchanges have laid a solid foundation for deepening ties, anchored by both countries’ firm support for each other’s core interests, former Egyptian ambassador to China Magdy Amer told Xinhua, adding that under the BRI, bilateral trade has surged, and Chinese investment in Egypt has expanded rapidly.

    Waleed Gaballah, a member of the Egyptian Association for Political Economy, Statistics and Legislation, said that BRI projects, including the Central Business District in Egypt’s New Administrative Capital, and the China-Egypt TEDA Suez Economic and Trade Cooperation Zone within the Suez Canal Economic Zone (SCZone) located southeast of Cairo, have invigorated Egypt’s economy.

    On July 2, the foundation stone was laid for the Deli Glass production base in the TEDA zone. With a 70 million U.S. dollar investment, its first phase will include a high-grade glass furnace and advanced automated production lines.

    The site will produce high-quality household glassware and evolve into an industrial cluster integrating research and development, manufacturing, advanced processing, packaging, logistics, and export.

    SCZone chairman Waleid Gamal El-Dein said the project marks the latest outcome of deepening cooperation between the zone and global investors, especially Chinese ones, reflecting the growing bilateral relations, political trust and economic collaboration between Egypt and China.

    So far, 185 enterprises have settled in the TEDA zone, bringing total investment to around 3 billion U.S. dollars and generating over 5.3 billion U.S. dollars in sales, with key industries including building materials, petrochemicals, textiles and new energy, among others, according to Cao Hui, executive director of Egypt-TEDA SEZone Development Company.

    After touring Haier Egypt Ecological Park and the welding factory of Jetour Egypt in mid-June, former Egyptian Prime Minister Essam Sharaf described the projects as the fruits of a long-term partnership, strengthened by Belt and Road cooperation.

    “They reflect the initiative’s aim to promote shared development among participating countries,” he told Xinhua, emphasizing the importance of working with China to modernize Egypt’s industrial base.

    ACHIEVEMENTS ON MULTIPLE FRONTS

    In recent years, China and Egypt have jointly achieved several “firsts”: Chinese companies constructed Africa’s tallest skyscraper in Egypt, built Egypt’s first electrified light rail, and supported Egypt to become the continent’s leading fiberglass base. Chinese technology has also enabled Egypt to become the first African country with full satellite assembly and testing capabilities.

    In addition, Chinese firms helped drill over 680 desert water wells in Egypt over nine years, gradually turning barren land into farmland. Tech company Huawei has trained about 40,000 Egyptian youth through its ICT programs.

    Meanwhile, the flourishing cultural ties between the two countries have enhanced mutual understanding and added vitality to the partnership.

    Chinese has been formally integrated into Egypt’s national education system, with 30 universities offering Chinese courses and more than 20 secondary schools providing Chinese as an elective subject.

    Chinese cultural festivals and events held in Egypt, like “Happy Spring Festival,” “Tea for Harmony,” and “Chinese Film Week,” as well as various music performances, have attracted wide interest in Egypt and greatly promoted cultural interaction.

    Joint archaeological efforts have further deepened. In Luxor’s Karnak Temple complex, a Sino-Egyptian archaeological team revived the Montu Temple ruins, which had remained buried for over 3,000 years. Another collaborative initiative involves the digital documentation and study of thousands of anthropoid coffins discovered in the Saqqara necropolis, alongside efforts to restore the Ramses II statue at Karnak Temple.

    From museums and pyramids to southern temples and Red Sea resorts, Chinese tourists have been arriving in Egypt in growing numbers. To enhance their travel experience, Egypt has introduced Chinese-language signage in famous tourist sites, increased Chinese-speaking guides, and encouraged more hotels to offer Chinese cuisine.

    Last month, Air China announced a new direct flight between Beijing and Cairo, which is to be launched on Wednesday, operating three times weekly.

    “The new route will strengthen people-to-people exchanges and further deepen tourism cooperation between the two nations,” said Ahmed Youssef, chairman of the Egyptian Tourism Promotion Authority. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: LCQ9: Regulation of medical devices

    Source: Hong Kong Government special administrative region

    LCQ9: Regulation of medical devices 
    Question:
     
         At present, Hong Kong has only put in place a voluntary Medical Device Administrative Control System (the System), and there is no legislation to regulate such devices. On the other hand, it is learnt that some merchants are promoting and marketing parallel-imported contact lenses on the Internet, but these products do not have any medical device labelling on their packaging boxes, or the labelling shows signs of alteration (e.g. “the unique device identifier” has been cut off or covered), thus making it difficult to identify whether the products belong to problematic batches, and the quality of such products cannot be guaranteed. In this connection, will the Government inform this Council:
     
    (1) given that contact lenses is a class II medical device under the system, of the Government’s control over the importation and sale (including online sale) of contact lens products;
     
    (2) of the number of reports and requests for assistance received by the Government in the past three years in relation to parallel-imported contact lenses, as well as the categories of such cases (e.g. improper packaging labels, discomfort after use, etc.); whether it has taken law enforcement actions against merchants who have made unauthorised alterations to the packaging information of contact lenses (including parallel-imported contact lenses); if so, of the details; if not, the reasons for that; and
     
    (3) as the Government indicated in June last year that it was conducting a comprehensive review of the proposed legislative framework for medical device regulation, whether the Government will draw up a concrete timetable for introducing legislative amendments to regulate the manufacture, importation, quality assurance, sale and post-sale follow-up of medical devices; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         In consultation with the Commerce and Economic Development Bureau, the Customs and Excise Department (C&ED) and the Department of Health (DH), the Health Bureau provides a consolidated reply to the question raised by Dr the Hon David Lam as follows:
     
         While there is not yet specific legislation to regulate medical devices in Hong Kong, some products are already regulated by existing pieces of legislation, such as the Pharmacy and Poisons Ordinance (Cap. 138), the Consumer Goods Safety Ordinance (CGSO) (Cap. 456) and the Trade Descriptions Ordinance (TDO) (Cap. 362) etc., depending on the characteristics and features of the products concerned.
     
         To safeguard public health, the DH has made reference to the recommendation of the Global Harmonization Task Force (now known as the International Medical Device Regulators Forum) and introduced the voluntary Medical Device Administrative Control System (MDACS) since 2004, under which a listing system for medical devices and traders as well as a post-market monitoring system for the products are put in place.  
     
         According to the prevailing MDACS, contact lenses are usually categorised as Class II (low-moderate risk) general medical devices. To apply for listing under the MDACS, a medical device must be proven to have met the requirements under the Essential Principles of Safety and Performance of Medical Devices that are adopted internationally. As for the listing system for traders (including local responsible person, local manufacturers, importers and distributors), traders must meet relevant requirements including holding a valid business registration certificate, maintaining a quality management system for supply of medical devices, and complying with post-market control for the products in order to hold them accountable for the safety of medical devices. Besides, a dedicated reporting system has been set up under the MDACS to handle the reporting of incidents pertaining to listed medical devices, with a view to enhancing protection for users via early detection of safety alerts.
     
         On the other hand, the C&ED is responsible for enforcing the CGSO and the TDO. The safety of consumer goods which are supplied for private use in Hong Kong, if not covered by other legislation, is subject to the regulation of the CGSO and its subsidiary legislation namely the Consumer Goods Safety Regulation (CGSR). This covers contact lenses as mentioned in the question.
     
         Pursuant to the CGSO, manufacturers, importers and suppliers should ensure that the consumer goods they supply are reasonably safe. The CGSR stipulates that any warning or caution marked on the package of consumer goods must be in both the English and the Chinese languages in a legible and conspicuous manner. Covering both goods and services, the TDO prohibits specified unfair trade practices deployed by traders against consumers, including false trade descriptions, misleading omissions, aggressive commercial practices, bait advertising, bait-and-switch and wrongly accepting payment, which are applicable to the commercial practices of both physical and online traders. 
     
         From 2022 to 2024, the C&ED did not receive any complaint on the product safety of contact lenses, but received six complaints of suspected contravention of the TDO. Upon investigation, five cases were closed due to insufficient evidence, with the remaining one under investigation. 
     
         Looking ahead, the DH has announced the establishment of the Hong Kong Centre for Medical Products Regulation (CMPR) by the end of 2026, with regulation of medical devices as part of its purview. The Government is taking forward preparatory work for the relevant legislation at full steam having regard to the latest international trends in regulation of medical devices in recent years, and will comprehensively review the proposed legislative framework. It is expected that the legislative proposal could be submitted to the Legislative Council within the next year so as to dovetail with the timetable for establishing the CMPR. Upon legislation, all medical devices supplied in Hong Kong, unless otherwise exempted, must be registered, thereby ensuring the compliance with relevant standards in safety, quality and performance. 
    Issued at HKT 15:30

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ9: Regulation of medical devices

    Source: Hong Kong Government special administrative region

    LCQ9: Regulation of medical devices 
    Question:
     
         At present, Hong Kong has only put in place a voluntary Medical Device Administrative Control System (the System), and there is no legislation to regulate such devices. On the other hand, it is learnt that some merchants are promoting and marketing parallel-imported contact lenses on the Internet, but these products do not have any medical device labelling on their packaging boxes, or the labelling shows signs of alteration (e.g. “the unique device identifier” has been cut off or covered), thus making it difficult to identify whether the products belong to problematic batches, and the quality of such products cannot be guaranteed. In this connection, will the Government inform this Council:
     
    (1) given that contact lenses is a class II medical device under the system, of the Government’s control over the importation and sale (including online sale) of contact lens products;
     
    (2) of the number of reports and requests for assistance received by the Government in the past three years in relation to parallel-imported contact lenses, as well as the categories of such cases (e.g. improper packaging labels, discomfort after use, etc.); whether it has taken law enforcement actions against merchants who have made unauthorised alterations to the packaging information of contact lenses (including parallel-imported contact lenses); if so, of the details; if not, the reasons for that; and
     
    (3) as the Government indicated in June last year that it was conducting a comprehensive review of the proposed legislative framework for medical device regulation, whether the Government will draw up a concrete timetable for introducing legislative amendments to regulate the manufacture, importation, quality assurance, sale and post-sale follow-up of medical devices; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         In consultation with the Commerce and Economic Development Bureau, the Customs and Excise Department (C&ED) and the Department of Health (DH), the Health Bureau provides a consolidated reply to the question raised by Dr the Hon David Lam as follows:
     
         While there is not yet specific legislation to regulate medical devices in Hong Kong, some products are already regulated by existing pieces of legislation, such as the Pharmacy and Poisons Ordinance (Cap. 138), the Consumer Goods Safety Ordinance (CGSO) (Cap. 456) and the Trade Descriptions Ordinance (TDO) (Cap. 362) etc., depending on the characteristics and features of the products concerned.
     
         To safeguard public health, the DH has made reference to the recommendation of the Global Harmonization Task Force (now known as the International Medical Device Regulators Forum) and introduced the voluntary Medical Device Administrative Control System (MDACS) since 2004, under which a listing system for medical devices and traders as well as a post-market monitoring system for the products are put in place.  
     
         According to the prevailing MDACS, contact lenses are usually categorised as Class II (low-moderate risk) general medical devices. To apply for listing under the MDACS, a medical device must be proven to have met the requirements under the Essential Principles of Safety and Performance of Medical Devices that are adopted internationally. As for the listing system for traders (including local responsible person, local manufacturers, importers and distributors), traders must meet relevant requirements including holding a valid business registration certificate, maintaining a quality management system for supply of medical devices, and complying with post-market control for the products in order to hold them accountable for the safety of medical devices. Besides, a dedicated reporting system has been set up under the MDACS to handle the reporting of incidents pertaining to listed medical devices, with a view to enhancing protection for users via early detection of safety alerts.
     
         On the other hand, the C&ED is responsible for enforcing the CGSO and the TDO. The safety of consumer goods which are supplied for private use in Hong Kong, if not covered by other legislation, is subject to the regulation of the CGSO and its subsidiary legislation namely the Consumer Goods Safety Regulation (CGSR). This covers contact lenses as mentioned in the question.
     
         Pursuant to the CGSO, manufacturers, importers and suppliers should ensure that the consumer goods they supply are reasonably safe. The CGSR stipulates that any warning or caution marked on the package of consumer goods must be in both the English and the Chinese languages in a legible and conspicuous manner. Covering both goods and services, the TDO prohibits specified unfair trade practices deployed by traders against consumers, including false trade descriptions, misleading omissions, aggressive commercial practices, bait advertising, bait-and-switch and wrongly accepting payment, which are applicable to the commercial practices of both physical and online traders. 
     
         From 2022 to 2024, the C&ED did not receive any complaint on the product safety of contact lenses, but received six complaints of suspected contravention of the TDO. Upon investigation, five cases were closed due to insufficient evidence, with the remaining one under investigation. 
     
         Looking ahead, the DH has announced the establishment of the Hong Kong Centre for Medical Products Regulation (CMPR) by the end of 2026, with regulation of medical devices as part of its purview. The Government is taking forward preparatory work for the relevant legislation at full steam having regard to the latest international trends in regulation of medical devices in recent years, and will comprehensively review the proposed legislative framework. It is expected that the legislative proposal could be submitted to the Legislative Council within the next year so as to dovetail with the timetable for establishing the CMPR. Upon legislation, all medical devices supplied in Hong Kong, unless otherwise exempted, must be registered, thereby ensuring the compliance with relevant standards in safety, quality and performance. 
    Issued at HKT 15:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: LCQ9: Regulation of medical devices

    Source: Hong Kong Government special administrative region

    LCQ9: Regulation of medical devices 
    Question:
     
         At present, Hong Kong has only put in place a voluntary Medical Device Administrative Control System (the System), and there is no legislation to regulate such devices. On the other hand, it is learnt that some merchants are promoting and marketing parallel-imported contact lenses on the Internet, but these products do not have any medical device labelling on their packaging boxes, or the labelling shows signs of alteration (e.g. “the unique device identifier” has been cut off or covered), thus making it difficult to identify whether the products belong to problematic batches, and the quality of such products cannot be guaranteed. In this connection, will the Government inform this Council:
     
    (1) given that contact lenses is a class II medical device under the system, of the Government’s control over the importation and sale (including online sale) of contact lens products;
     
    (2) of the number of reports and requests for assistance received by the Government in the past three years in relation to parallel-imported contact lenses, as well as the categories of such cases (e.g. improper packaging labels, discomfort after use, etc.); whether it has taken law enforcement actions against merchants who have made unauthorised alterations to the packaging information of contact lenses (including parallel-imported contact lenses); if so, of the details; if not, the reasons for that; and
     
    (3) as the Government indicated in June last year that it was conducting a comprehensive review of the proposed legislative framework for medical device regulation, whether the Government will draw up a concrete timetable for introducing legislative amendments to regulate the manufacture, importation, quality assurance, sale and post-sale follow-up of medical devices; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         In consultation with the Commerce and Economic Development Bureau, the Customs and Excise Department (C&ED) and the Department of Health (DH), the Health Bureau provides a consolidated reply to the question raised by Dr the Hon David Lam as follows:
     
         While there is not yet specific legislation to regulate medical devices in Hong Kong, some products are already regulated by existing pieces of legislation, such as the Pharmacy and Poisons Ordinance (Cap. 138), the Consumer Goods Safety Ordinance (CGSO) (Cap. 456) and the Trade Descriptions Ordinance (TDO) (Cap. 362) etc., depending on the characteristics and features of the products concerned.
     
         To safeguard public health, the DH has made reference to the recommendation of the Global Harmonization Task Force (now known as the International Medical Device Regulators Forum) and introduced the voluntary Medical Device Administrative Control System (MDACS) since 2004, under which a listing system for medical devices and traders as well as a post-market monitoring system for the products are put in place.  
     
         According to the prevailing MDACS, contact lenses are usually categorised as Class II (low-moderate risk) general medical devices. To apply for listing under the MDACS, a medical device must be proven to have met the requirements under the Essential Principles of Safety and Performance of Medical Devices that are adopted internationally. As for the listing system for traders (including local responsible person, local manufacturers, importers and distributors), traders must meet relevant requirements including holding a valid business registration certificate, maintaining a quality management system for supply of medical devices, and complying with post-market control for the products in order to hold them accountable for the safety of medical devices. Besides, a dedicated reporting system has been set up under the MDACS to handle the reporting of incidents pertaining to listed medical devices, with a view to enhancing protection for users via early detection of safety alerts.
     
         On the other hand, the C&ED is responsible for enforcing the CGSO and the TDO. The safety of consumer goods which are supplied for private use in Hong Kong, if not covered by other legislation, is subject to the regulation of the CGSO and its subsidiary legislation namely the Consumer Goods Safety Regulation (CGSR). This covers contact lenses as mentioned in the question.
     
         Pursuant to the CGSO, manufacturers, importers and suppliers should ensure that the consumer goods they supply are reasonably safe. The CGSR stipulates that any warning or caution marked on the package of consumer goods must be in both the English and the Chinese languages in a legible and conspicuous manner. Covering both goods and services, the TDO prohibits specified unfair trade practices deployed by traders against consumers, including false trade descriptions, misleading omissions, aggressive commercial practices, bait advertising, bait-and-switch and wrongly accepting payment, which are applicable to the commercial practices of both physical and online traders. 
     
         From 2022 to 2024, the C&ED did not receive any complaint on the product safety of contact lenses, but received six complaints of suspected contravention of the TDO. Upon investigation, five cases were closed due to insufficient evidence, with the remaining one under investigation. 
     
         Looking ahead, the DH has announced the establishment of the Hong Kong Centre for Medical Products Regulation (CMPR) by the end of 2026, with regulation of medical devices as part of its purview. The Government is taking forward preparatory work for the relevant legislation at full steam having regard to the latest international trends in regulation of medical devices in recent years, and will comprehensively review the proposed legislative framework. It is expected that the legislative proposal could be submitted to the Legislative Council within the next year so as to dovetail with the timetable for establishing the CMPR. Upon legislation, all medical devices supplied in Hong Kong, unless otherwise exempted, must be registered, thereby ensuring the compliance with relevant standards in safety, quality and performance. 
    Issued at HKT 15:30

    NNNN

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Ice baths are booming in popularity – but they come with health risks

    Source: The Conversation (Au and NZ) – By Samuel Cornell, PhD Candidate in Public Health & Community Medicine, School of Population Health, UNSW Sydney

    Michele Ursi/Getty Images

    Walk through any trendy suburb and you might find a new “wellness” studio offering ice baths or “contrast therapy” (a sauna and ice bath combo).

    Scroll social media, and you’re likely to come across influencers preaching the cold plunge gospel with cult-like zeal.

    Ice baths have gone mainstream. Initially practised mainly among high-performance athletes, cold water immersion is now a booming business model: sold as recovery, discipline and therapy all in one.

    But the benefits are questionable and, importantly, ice baths can have health risks – particularly for people who have limited experience using them.

    From Roman times to today

    Cold water immersion isn’t a new concept.

    The “frigidarium” – a room with a cold plunge pool or bath – was a feature in most Roman bathhouses.

    For decades, athletes have used cold water immersion, such as swims in cold water, for recovery.

    But in recent years, with the proliferation of commercial cold plunge centres, there’s been an explosion in people using ice baths recreationally.

    Many people are even setting up their own ice baths at home. The global cold plunge tub market was valued at close to US$338 million in 2024 and is projected to reach nearly $483 million by 2033.

    Social media shows serene influencers meditating through the pain, claiming it boosts mental health, serotonin, testosterone, and their metabolism. But does the evidence stack up?

    Ice baths can reduce muscle soreness after intense training, however the effect is modest and short-lived.

    Some research shows cold water immersion can improve mood after a single exposure in young, healthy people, but other research doesn’t find these benefits.

    Most claims about mental health, testosterone and weight loss aren’t backed by strong evidence. Rather, they’re anecdotal and amplified by influencers.




    Read more:
    Cold water therapy: what are the benefits and dangers of ice baths, wild swimming and freezing showers?


    What does an ice bath involve?

    At commercial establishments, patrons can often use the ice baths as they please during a booked session. Ice bath temperatures often range anywhere from 3°C to 15°C. There normally isn’t actual ice in the bath, but some people add blocks of ice to their ice baths at home.

    Businesses offering ice baths don’t always actively supervise patrons or monitor a person’s time in the ice bath. They may leave their customers to self-regulate, assuming people will know to get out of the water before they pass their body’s limits.

    So what are the risks?

    Cold water immersion triggers a powerful physiological response. When you hit cold water below 15°C, your body launches into cold shock. Gasping occurs and breathing becomes rapid and uncontrollable. Heart rate spikes. Blood pressure rises.

    Staying in the water for too long can lead to hypothermia, a condition where a person’s core body temperature drops dangerously low.

    Shivering may begin within minutes in cold water. Confusion or fainting are more serious signs that hypothermia may be developing.

    Occasionally, this “cold shock” response can lead to a heart attack or stroke – especially if you have an undiagnosed condition affecting your heart, blood vessels or brain.

    As far back as 1969, researchers found even experienced swimmers could struggle after just a few minutes in cold water. Participants were immersed in water at 4.7°C while fully clothed and asked to swim as if trying to reach safety. Some developed serious respiratory distress and had to stop swimming within as little as 90 seconds, well before any measurable drop in core body temperature.

    Even after you get out, your core temperature can continue to fall – a phenomenon known as afterdrop. So you can encounter problems, such as collapse, even after leaving the water.

    And even young, healthy people can be caught off guard. The body isn’t designed to endure freezing water for extended periods.

    Recently one of us (Sam Cornell) had to provide first aid at an ice bath venue in Sydney. A young man collapsed after staying in an ice bath for ten minutes. He was shivering uncontrollably and clearly suffering from cold shock.

    Cold exposure can also cause long-term damage to nerves and blood vessels in the hands and feet, known as non-freezing cold injury. This is more likely if someone spends an extended period immersed in cold water. Symptoms such as numbness, pain and sensitivity to cold can persist for years.

    6 tips for safer recreational ice bath use

    The ice bath trend is part of a broader wellness movement, promoted to young men in particular, where discomfort is repackaged as discipline. Push through the pain. Master your body. If you feel terrible, you must be doing it right.

    But behind the hype lies a less appealing truth. Ice baths can be dangerous.

    We advise caution, but if you do choose to try an ice bath, treat it seriously and follow these tips to reduce the risk of harm.

    1. Talk to your doctor: get checked out first. If you or your family have any heart, stroke or respiratory risk, skip it

    2. Know your limits: being fit doesn’t protect you from cold shock

    3. Start gradually: begin with short warm to cold showers before full immersion

    4. Never go alone: always have someone with you, especially if you’re new to ice baths

    5. Keep it short and watch the temperature: limit sessions to 3–5 minutes and remember, problems can still occur after you get out

    6. Recognise the signs of danger: symptoms such as shivering, numbness and confusion can all seem like part of the experience to someone bent on pushing themselves. But these can be signs of hypothermia.

    Samuel Cornell receives funding from Meta Platforms, Inc. His research is supported by a University of New South Wales Sydney, University Postgraduate Award. His research is supported by Royal Life Saving Society – Australia to aid in the prevention of drowning. Research at Royal Life Saving Society – Australia is supported by the Australian government. He has been affiliated with Surf Life Saving Australia and Surf Life Saving NSW in a paid and voluntary capacity.

    Michael Tipton has previously received funding from organisations working in drowning prevention and water safety. He is Chair of the UK National Water Safety Forum, hosted by the Royal Society for the Prevention of Accidents (RoSPA), and a member of Council of the Royal National Lifeboat Institution (RNLI).

    ref. Ice baths are booming in popularity – but they come with health risks – https://theconversation.com/ice-baths-are-booming-in-popularity-but-they-come-with-health-risks-260206

    MIL OSI AnalysisEveningReport.nz