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  • MIL-OSI: 5/2025・Trifork Group AG – Reporting of transactions made by persons discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 5 / 2025
    Schindellegi, Switzerland – 26 February 2025


    Reporting of transactions made by persons discharging managerial responsibilities

    Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with fixed salaries paid in shares. Reference is made to company announcement no. 1/2025 on 21 January 2025.

    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Jørn Larsen
    2. Reason for the notification
    a) Position/status CEO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 25% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 1’345
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 26 February 2025
    f) Place of the transaction Outside a trading venue
    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Kristian Wulf-Andersen
    2. Reason for the notification
    a) Position/status CFO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 10% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 358
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 26 February 2025
    f) Place of the transaction Outside a trading venue


    Information and questions
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17


    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,278 professionals across 76 business units in 15 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI: ACM Research Reports Fourth Quarter and Fiscal Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today reported financial results for its fourth quarter and fiscal year ended December 31, 2024.

    “2024 was a year of strong execution for ACM. We expanded our product portfolio and broadened the addressable markets we serve,” said ACM’s President and Chief Executive Officer, Dr. David Wang. “We grew revenue by 40% and total shipments by 63%. We gained additional market share by capitalizing on product cycles and deepening engagements with key customers, demonstrating the strength of our multi-product portfolio. Our operating profit increased by 57.6%, and we generated $152 million in cash flow from operations.”

    Dr. Wang continued, “In the fourth quarter, we achieved two major operational milestones. First, we achieved process qualification of our Thermal and Plasma-Enhanced ALD furnace tools at two semiconductor customers in mainland China. Second, we commenced initial operations at our Lingang production facility, and we are on track to transition additional capacity to Lingang as we progress through the year.”

    Dr. Wang concluded, “Looking ahead to 2025, we remain focused on expanding our business with incremental revenue contribution from Tahoe, SPM, and Furnace, additional customer evaluations for both Track and PECVD, increasing localization in China, and contributions from our expanding global footprint. Regarding the addition of our subsidiaries to the U.S. Entity List, we believe the impact on the ability of ACM Research (Shanghai) to produce tools will be manageable, and that we can continue to support our global customer base.”

      Three Months Ended December 31,
      GAAP   Non-GAAP(1)
        2024       2023       2024       2023  
      (dollars in thousands, except EPS)
    Revenue $ 223,471     $ 170,321     $ 223,471     $ 170,321  
    Gross margin   49.6 %     46.4 %     49.8 %     46.8 %
    Income from operations $ 43,989     $ 23,374     $ 52,773     $ 36,046  
    Net income attributable to ACM Research, Inc. $ 31,080     $ 17,700     $ 37,740     $ 28,681  
    Basic EPS $ 0.49     $ 0.29     $ 0.60     $ 0.47  
    Diluted EPS $ 0.46     $ 0.26     $ 0.56     $ 0.43  
      Twelve Months Ended December 31,
      GAAP   Non-GAAP(1)
        2024       2023       2024       2023  
      (dollars in thousands, except EPS)
    Revenue $ 782,118     $ 557,723     $ 782,118     $ 557,723  
    Gross margin   50.1 %     49.5 %     50.4 %     49.8 %
    Income from operations $ 150,998     $ 95,839     $ 200,574     $ 123,177  
    Net income attributable to ACM Research, Inc. $ 103,627     $ 77,349     $ 152,230     $ 107,424  
    Basic EPS $ 1.67     $ 1.29     $ 2.45     $ 1.79  
    Diluted EPS $ 1.53     $ 1.16     $ 2.26     $ 1.63  
                                   
    (1)   Reconciliations to U.S. generally accepted accounting principles (“GAAP”) financial measures from non-GAAP financial measures are presented below under “Reconciliation of GAAP to Non-GAAP Financial Measures.” Non-GAAP financial measures exclude stock-based compensation and, with respect to net income (loss) attributable to ACM Research, Inc. and basic and diluted earnings per share, also exclude unrealized gain (loss) on short-term investments.


    Outlook

    ACM is maintaining its revenue guidance range of $850 million to $950 million for fiscal year 2025. This expectation is based on ACM management’s current assessment of the continuing impact from international trade policy, together with various expected spending scenarios of key customers, supply chain constraints, and the timing of acceptances for first tools under evaluation in the field, among other factors. We have updated our long-term business model to a gross margin target range of 42% to 48%, versus the prior range of 40% to 45%.

    Operating Highlights and Recent Announcements

    • Shipments. Total shipments in 2024 were $973 million, up 63.1%. Total shipments in the fourth quarter of 2024 were $264 million, versus $140 million in the fourth quarter of 2023. Total shipments include deliveries for revenue in the quarter and deliveries of first tool systems awaiting customer acceptance for potential revenue in future quarters.
    • Thermal and Plasma-Enhanced ALD furnace tools achieved process qualification. ACM announced the achievement of process qualification of its Ultra Fn A Plasma-Enhanced Atomic Layer Deposition (PEALD) and Thermal Atomic Layer Deposition (Thermal ALD) Furnace tools at two mainland China semiconductor customers.

    Full Year 2024 Financial Summary

    Unless otherwise noted, the following figures refer to the full year of 2024 and comparisons are with the full year of 2023.

    • Revenue was $782.1 million, up 40.2%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies, along with steady growth of advanced packaging (excluding ECP), services & spares.
    • Gross margin was 50.1% versus 49.5%. Non-GAAP gross margin, which excludes stock-based compensation, was 50.4% versus 49.8%. Gross margin exceeded ACM’s updated long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
    • Operating expenses were $240.6 million, an increase of 33.4%. Operating expenses as a percentage of revenue decreased to 30.8% from 32.3%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $193.4 million, up 25.2%. Non-GAAP operating expenses as a percentage of revenue were 24.7% compared to 27.7%.
    • Operating income was $151.0 million, up 57.6% compared to $95.8 million. Operating margin increased from 17.2% to 19.3%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $200.6 million, up 62.8% compared to 123.2 million. Non-GAAP operating margin, which excludes stock-based compensation, was 25.6% compared to 22.1%.
    • Unrealized gain (loss) on short-term investments was $1.0 million, compared to an unrealized gain (loss) of $(2.7) million. Unrealized gain (loss) reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
    • Income tax expense was $35.0 million, compared to $19.4 million.
    • Net income attributable to ACM Research, Inc. was $103.6 million, compared to $77.3 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $152.2 million, compared to $107.4 million.
    • Net income per diluted share attributable to ACM Research, Inc. was $1.53, compared to $1.16. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain (loss) on short-term investments, was $2.26, compared to $1.63.
    • Cash and cash equivalents, plus restricted cash and short-term and long-term time deposits were $441.9 million at December 31, 2024, compared to $369.1 million at September 30, 2024.

    Fourth Quarter 2024 Financial Summary

    Unless otherwise noted, the following figures refer to the fourth quarter of 2024 and comparisons are with the fourth quarter of 2023.

    • Revenue was $223.5 million, up 31.2%, reflecting higher sales of single wafer cleaning, Tahoe and semi-critical cleaning equipment and ECP (front-end and packaging), furnace and other technologies, along with steady sales growth of advanced packaging (excluding ECP), services & spares.
    • Gross margin was 49.6% versus 46.4%. Non-GAAP gross margin, which excludes stock-based compensation, was 49.8% versus 46.8%. Gross margin was at the upper end of ACM’s updated long-term business model target range of 42% to 48%. ACM expects gross margin to vary from period to period due to a variety of factors, such as product mix, currency impacts and sales volume.
    • Operating expenses were $66.8 million, an increase of 20.0%. Operating expenses as a percentage of revenue decreased to 29.9% from 32.7%. Non-GAAP operating expenses, which exclude the effect of stock-based compensation, were $58.4 million, up 34.0%. Non-GAAP operating expenses as a percentage of revenue increased to 26.1% from 25.6%.
    • Operating income was $44.0 million, up 88.2% compared to $23.4 million. Operating margin was 19.7% compared to 13.7%. Non-GAAP operating income, which excludes the effect of stock-based compensation, was $52.8 million, up 46.4% compared to $36.0 million. Non-GAAP operating margin, which excludes stock-based compensation, was 23.6% compared to 21.2%.
    • Unrealized gain on short-term investments was $2.1 million, compared to an unrealized gain of $1.7 million. Unrealized gain reflects the change in market value of the investments by ACM’s principal operating subsidiary, ACM Research (Shanghai), Inc. The value is marked-to-market quarterly and is excluded in the non-GAAP financial metrics.
    • Income tax expense was $17.3 million, compared to $8.1 million.
    • Net income attributable to ACM Research, Inc. was $31.1 million, compared to $17.7 million. Non-GAAP net income attributable to ACM Research, Inc., which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $37.7 million, compared to $28.7 million.
    • Net income per diluted share attributable to ACM Research, Inc. was $0.46, compared to $0.26. Non-GAAP net income per diluted share, which excludes the effect of stock-based compensation and unrealized gain on short-term investments, was $0.56, compared to $0.43.

    Conference Call Details

    A conference call to discuss results will be held on Wednesday, February 26, 2025, at 8:00 a.m. Eastern Time (9:00 p.m. China Time). To join the conference call via telephone, participants must use the following link to complete an online registration process. Upon registering, each participant will receive email instructions to access the conference call, including dial-in information and a PIN number allowing access to the conference call. This pre-registration process is designed by the operator to reduce delays due to operator congestion when accessing the live call.

    Online Registration: https://register.vevent.com/register/BI70ae79d80e0348a880269ad7a9dec2f9

    Participants who have not pre-registered may join the webcast by accessing the link at ir.acmrcsh.com/events.

    A live and archived webcast will be available on the Investors section of the ACM website at www.acmrcsh.com.

    Use of Non-GAAP Financial Measures

    ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc. and basic and diluted earnings per share as supplemental measures to GAAP financial measures regarding ACM’s operational performance. These supplemental measures exclude the impact of stock-based compensation, which ACM does not believe is indicative of its core operating results. In addition, non-GAAP net income attributable to ACM Research, Inc. and basic and diluted earnings per share exclude the effect of stock-based compensation and unrealized gain (loss) on short-term investments, which ACM also believes are not indicative of its core operating results. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is provided below under “Reconciliation of GAAP to non-GAAP Financial Measures.”

    ACM believes these non-GAAP financial measures are useful to investors in assessing its operating performance. ACM uses these financial measures internally to evaluate its operating performance and for planning and forecasting of future periods. Financial analysts may focus on and publish both historical results and future projections based on the non-GAAP financial measures. ACM also believes it is in the best interests of investors for ACM to provide this non-GAAP information.

    While ACM believes these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures. These non-GAAP financial measures may not be reported by competitors, and they may not be directly comparable to similarly titled measures of other companies due to differences in calculation methodologies. The non-GAAP financial measures are not an alternative to GAAP information and are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. They should be used only as a supplement to GAAP information and should be considered only in conjunction with ACM’s consolidated financial statements prepared in accordance with GAAP.

    Forward-Looking Statements

    Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs, and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events.

    About ACM Research, Inc.

    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmrcsh.com.

    © ACM Research, Inc. ULTRA Fn and the ACM Research logo are trademarks of ACM Research, Inc. For convenience, these trademarks appear in this press release without ™ symbols, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to the trademarks.

    For investor and media inquiries, please contact:

    In the United States: The Blueshirt Group
      Steven C. Pelayo, CFA
      (360)808-5154
      steven@blueshirtgroup.co
       
    In China: The Blueshirt Group Asia
      Gary Dvorchak, CFA
      +86 (138) 1079-1480
      gary@blueshirtgroup.co
    ACM RESEARCH, INC.
    Condensed Consolidated Balance Sheets
     
      December 31, 2024   December 31, 2023
      (Unaudited)    
      (In thousands)
    Assets      
    Current assets:      
    Cash and cash equivalents $ 407,445     $ 182,090  
    Restricted cash   3,865       1,083  
    Short-term time deposits   17,277       80,524  
    Short-term investment   19,373       21,312  
    Accounts receivable, net   387,045       283,186  
    Other receivables   41,859       40,065  
    Inventories, net   597,984       545,395  
    Advances to related party   1,024       2,432  
    Prepaid expenses   7,507       20,023  
    Total current assets   1,483,379       1,176,110  
    Property, plant and equipment, net   269,272       201,848  
    Operating lease right-of-use assets, net   14,038       15,393  
    Intangible assets, net   3,461       2,538  
    Long-term time deposits   13,275       40,818  
    Deferred tax assets   14,781       20,271  
    Long-term investments   37,063       27,880  
    Other long-term assets   20,452       6,050  
    Total assets $ 1,855,721     $ 1,490,908  
    Liabilities and Equity      
    Current liabilities:      
    Short-term borrowings $ 32,814     $ 31,335  
    Current portion of long-term borrowings   44,472       6,783  
    Related party accounts payable   16,133       11,407  
    Accounts payable   139,294       141,814  
    Advances from customers   243,949       181,368  
    Deferred revenue   8,537       3,687  
    Income taxes payable   12,779       6,401  
    FIN-48 payable   19,466       12,149  
    Other payables and accrued expenses   121,657       102,951  
    Current portion of operating lease liability   2,132       2,764  
    Total current liabilities   641,233       500,659  
    Long-term borrowings   105,525       53,952  
    Long-term operating lease liability   3,840       4,262  
    Other long-term liabilities   9,217       5,873  
    Total liabilities   759,815       564,746  
    Commitments and contingencies      
    Equity:      
    Stockholders’ equity:      
    Class A Common stock   6       6  
    Class B Common stock   1       1  
    Additional paid-in capital   677,476       629,845  
    Retained earnings   260,000       156,827  
    Statutory surplus reserve   30,514       30,060  
    Accumulated other comprehensive loss   (63,372 )     (49,349 )
    Total ACM Research, Inc. stockholders’ equity   904,625       767,390  
    Non-controlling interests   191,281       158,772  
    Total equity   1,095,906       926,162  
    Total liabilities and equity $ 1,855,721     $ 1,490,908  
    ACM RESEARCH, INC.
    Condensed Consolidated Statements of Operations and Comprehensive Income
     
      Three Months Ended December 31,   Year Ended December 31,
        2024       2023       2024       2023  
      (Unaudited)
      ( In thousands, except share and per share data)
    Revenue $ 223,471     $ 170,321     $ 782,118     $ 557,723  
    Cost of revenue   112,656       91,245       390,564       281,508  
    Gross profit   110,815       79,076       391,554       276,215  
    Operating expenses:              
    Sales and marketing   18,380       9,440       65,447       47,019  
    Research and development   27,750       32,465       105,473       92,709  
    General and administrative   20,696       13,797       69,636       40,648  
    Total operating expenses   66,826       55,702       240,556       180,376  
    Income from operations   43,989       23,374       150,998       95,839  
    Interest income   2,813       2,071       9,935       8,354  
    Interest expense   (1,228 )     (697 )     (4,151 )     (2,681 )
    Realized gain from sale of short-term investments   1,344       478       1,788       9,047  
    Unrealized gain (loss) on short-term investments   2,124       1,691       973       (2,737 )
    Other income (expense), net   7,061       (1,714 )     6,334       (1,558 )
    Income from equity method investments   322       6,224       423       9,952  
    Income before income taxes   56,425       31,427       166,300       116,216  
    Income tax expense   (17,319 )     (8,129 )     (35,031 )     (19,364 )
    Net income   39,106       23,298       131,269       96,852  
    Less: Net income attributable to non-controlling interests   8,026       5,598       27,642       19,503  
    Net income attributable to ACM Research, Inc. $ 31,080     $ 17,700     $ 103,627     $ 77,349  
    Comprehensive income (loss):              
    Net income   39,106       23,298       131,269       96,852  
    Foreign currency translation adjustment, net of tax   (26,104 )     11,214       (15,728 )     (10,617 )
    Unrealized gain on available-for-sale investments, net of tax   428       –       428       –  
    Comprehensive Income   13,430       34,512       115,969       86,235  
    Less: Comprehensive income attributable to non-controlling interests $ 4,909     $ 5,807     $ 26,365     $ 17,689  
    Comprehensive income (loss) attributable to ACM Research Inc. $ 8,521     $ 28,705     $ 89,604     $ 68,546  
                   
    Basic $ 0.49     $ 0.29     $ 1.67     $ 1.29  
    Diluted $ 0.46     $ 0.26     $ 1.53     $ 1.16  
                   
    Weighted average common shares outstanding used in computing per share amounts:              
    Basic   62,794,259       60,792,349       62,212,569       60,164,670  
    Diluted   66,518,704       65,911,901       66,237,424       64,870,543  
    ACM RESEARCH, INC.
    Total Revenue by Product Category and by Region
     
      Three Months Ended December 31,   Year Ended December 31,
        2024     2023     2024     2023
      (Unaudited)
      ($ in thousand)
    Single wafer cleaning, Tahoe and semi-critical cleaning equipment $ 155,211   $ 122,292   $ 578,887   $ 403,851
    ECP (front-end and packaging), furnace and other technologies   51,695     32,133     151,057     103,356
    Advanced packaging (excluding ECP), services & spares   16,565     15,896     52,174     50,516
    Total Revenue By Product Category $ 223,471   $ 170,321   $ 782,118   $ 557,723
      Three Months Ended December 31,   Year Ended December 31,
        2024     2023     2024     2023
    Mainland China $ 223,110   $ 165,441   $ 775,752   $ 540,969
    Other Regions   361     4,880     6,366     16,754
    Total Revenue By Region $ 223,471   $ 170,321   $ 782,118   $ 557,723

    ACM RESEARCH, INC.
    Reconciliation of GAAP to Non-GAAP Financial Measures

    As described under “Use of Non-GAAP Financial Measures” above, ACM presents non-GAAP gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share as supplemental measures to GAAP financial measures, each of which excludes stock-based compensation (“SBC”) from the equivalent GAAP financial line items. In addition, non-GAAP net income attributable to ACM Research, Inc., and basic and diluted earnings per share exclude unrealized gain (loss) on short-term investments. The following tables reconcile gross margin, operating expenses, operating income, net income attributable to ACM Research, Inc., and basic and diluted earnings per share to the related non-GAAP financial measures:

      Three Months Ended December 31,
        2024       2023  
      Actual
    (GAAP)    		   SBC   Other non-
    operating adjustments    		   Adjusted
    (Non-GAAP)    		   Actual
    (GAAP)    		   SBC   Other non-
    operating adjustments    		   Adjusted
    (Non-GAAP)
      (In thousands)
    Revenue $ 223,471     $ –     $ –   $ 223,471     $ 170,321     $ –     $ –   $ 170,321  
    Cost of revenue   (112,656 )     (365 )     –     (112,291 )     (91,245 )     (568 )     –     (90,677 )
    Gross profit   110,815       (365 )     –     111,180       79,076       (568 )     –     79,644  
    Gross margin   49.6 %     0.2 %     –     49.8 %     46.4 %     0.3 %     –     46.8 %
    Operating expenses:                              
    Sales and marketing   (18,380 )     (1,907 )     –     (16,473 )     (9,440 )     (2,279 )     –     (7,161 )
    Research and development   (27,750 )     (2,030 )     –     (25,720 )     (32,465 )     (3,628 )     –     (28,837 )
    General and administrative   (20,696 )     (4,482 )     –     (16,214 )     (13,797 )     (6,197 )     –     (7,600 )
    Total operating expenses   (66,826 )     (8,419 )     –     (58,407 )     (55,702 )     (12,104 )     –     (43,598 )
    Income (loss) from operations $ 43,989     $ (8,784 )   $ –   $ 52,773     $ 23,374     $ (12,672 )   $ –   $ 36,046  
    Unrealized gain on short-term investments   2,124       –       2,124     –       1,691       –       1,691     –  
    Net income (loss) attributable to ACM Research, Inc. $ 31,080     $ (8,784 )   $ 2,124   $ 37,740     $ 17,700     $ (12,672 )   $ 1,691   $ 28,681  
    Basic EPS $ 0.49             $ 0.60     $ 0.29             $ 0.47  
    Diluted EPS $ 0.46             $ 0.56     $ 0.26             $ 0.43  
      Year Ended December 31,
        2024       2023  
      Actual
    (GAAP)    		   SBC   Other non-
    operating adjustments    		   Adjusted
    (Non-GAAP)    		   Actual
    (GAAP)    		   SBC   Other non-
    operating adjustments    		   Adjusted
    (Non-GAAP)
      (In thousands)
    Revenue $ 782,118     $ –     $ –   $ 782,118     $ 557,723     $ –     $ –     $ 557,723  
    Cost of revenue   (390,564 )     (2,385 )     –     (388,179 )     (281,508 )     (1,406 )     –       (280,102 )
    Gross profit   391,554       (2,385 )     –     393,939       276,215       (1,406 )     –       277,621  
    Gross margin   50.1 %     0.3 %     –     50.4 %     49.5 %     0.3 %     –       49.8 %
    Operating expenses:                              
    Sales and marketing   (65,447 )     (10,552 )     –     (54,895 )     (47,019 )     (5,684 )     –       (41,335 )
    Research and development   (105,473 )     (14,112 )     –     (91,361 )     (92,709 )     (8,459 )     –       (84,250 )
    General and administrative   (69,636 )     (22,527 )     –     (47,109 )     (40,648 )     (11,789 )     –       (28,859 )
    Total operating expenses   (240,556 )     (47,191 )     –     (193,365 )     (180,376 )     (25,932 )     –       (154,444 )
    Income (loss) from operations $ 150,998     $ (49,576 )   $ –   $ 200,574     $ 95,839     $ (27,338 )   $ –     $ 123,177  
    Unrealized gain (loss) on short-term investments   973       –       973     –       (2,737 )     –       (2,737 )     –  
    Net income (loss) attributable to ACM Research, Inc. $ 103,627     $ (49,576 )   $ 973   $ 152,230     $ 77,349     $ (27,338 )   $ (2,737 )   $ 107,424  
    Basic EPS $ 1.67             $ 2.45     $ 1.29             $ 1.79  
    Diluted EPS $ 1.53             $ 2.26     $ 1.16             $ 1.63  

    The MIL Network –

  • MIL-OSI United Kingdom: More than £100 million in Indian investment creating UK jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    More than £100 million in Indian investment creating UK jobs

    New Indian investment deals worth over £100 million demonstrate investors’ confidence in the UK.

    • UK welcomes latest Indian investments, demonstrating investors’ confidence in doing business 

    • New deals will create jobs as the government continues to focus on delivering economic growth under the Plan for Change 

    • Recent Indian budget drives more opportunity for UK insurance companies to expand presence in India 

    Recent investment wins for the UK worth over £100 million from Indian companies are being celebrated as proof the government’s Plan for Change is providing global investors with the confidence they need to do business in the UK. 

    Trade Secretary Jonathan Reynolds has been in New Delhi this week, as the UK Government relaunched talks on a trade deal with India to bring more opportunity to UK businesses and deliver on its core mission to grow the economy, as part of the Plan for Change.  

    UK Investment Minister Poppy Gustafsson is in Bangaluru on the second leg of a two-city visit to India to bang the drum for Britain, champion free trade and promote exciting investment opportunities in the UK economy.   

    Recent Indian investments in the UK cover a range of sectors including AI, professional services and textiles and are expected to create hundreds of new jobs over the next three years. 

    This continues the trend of strong Indian investment into the UK in recent years, with the last year-on-year change showing the value of inward FDI stock from India having increased 28% at the end of 2023. India has remained the second largest investor in terms of number of projects into the UK for five consecutive years. 

    The deals come as UK insurance companies gain more potential to expand in India thanks to the recent Indian budget which increased the amount of FDI permitted in the insurance sector from 74% to 100%. 

    Business and Trade Secretary Jonathan Reynolds said: 

    “These investment deals will deliver more than £100 million for the UK economy, creating jobs, strengthening growth, and helping working people.  

    “They prove that the government’s Plan for Change is giving Indian businesses the confidence they need to continue investing in Britain.  

    “Now the UK will strive to be more ambitious and collaborative than ever before as we show the world why the UK is the best place to invest.” 

    The investment announcements include: 

    • Aaseya Technologies, professional services company specialising in digital transformation through automation, is growing its presence in London and creating up to 250 new jobs over three years with a £25 million investment.  

    • Sastra Robotics is investing £8 million in Manchester over three years, creating 75 new jobs. The investment aims to expand the company’s robotics innovation and development. This is the first time a robotics company from South India has invested in the UK. 

    • AI CyberIntel company Deepcytes has set up its global headquarters in London, investing £5 million and creating 80 jobs in the next three years to combat problems of anti-bullying and cyber frauds.  

    • University Living, a global student housing managed marketplace, plan to open a new UK office, investing £10 million and creating 50 jobs over three years. 

    • One of the largest producers of hand-knotted rugs in India, Jaipur Rugs have opened a store in London and are looking to create 75 jobs through a £5 million investment over the next three years.  

    • Time Cinemas have established their global headquarters in the UK, introducing The Black Box by Time, an innovative, patent applied, cloud platform solution that empowers filmmakers, content creators, producers, and distributors to reach out to a much wider cinema audience across geographies. This expansion will create 75 new jobs in London over the next three years, supported by a capital expenditure of £20 million. 

    • Novigo solutions, a technology-focused organisation specialising in end-to-end IT services, technology consulting, business consulting, analytics, and robotic process automation, has started its operation in Warwick by investing £12 million and creating 75 jobs over three years.  

    • Test Yantra, one of India’s largest testing and training services companies, is investing £10 million and creating 100 jobs over the next three years.  

    • Zoondia software, a leading provider of technology solutions, AI solutions, custom software development, IOT, data analytics and resource augmentation areas, is investing £10 million and creating 60 jobs over three years.   

    Notes to editors 

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: UK firms rake in ‘tens of millions’ in exports to India

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK firms rake in ‘tens of millions’ in exports to India

    Companies in the UK’s tech and life sciences sectors have announced expansions in India which will amount to tens of millions of pounds for the UK economy.

    • Over 600 UK companies, including in cutting-edge tech and life sciences sectors, are already based in India  

    • UK businesses exported a total of £17 billion goods and services to India in the 12 months to September 2024 

    • A trade deal which brings down barriers could make selling to this huge market easier and cheaper for businesses, delivering on the government’s Plan for Change 

    Companies in the UK’s tech and life sciences sectors are making huge strides in global markets and going for growth by announcing expansions in India. 

    UK tech and science firms are thriving thanks to deals and partnerships valued at tens of millions of pounds, involving everything from supplying internet-based learning to pupils in disadvantaged communities to helping improve outcomes for patients undergoing complex surgery in hospitals. 

    Trade Secretary Jonathan Reynolds has been in New Delhi this week, as the UK Government relaunched talks on a trade deal with India to bring more opportunity to UK businesses and deliver on its core mission to grow the economy, as part of the Plan for Change. 

    Already an economic heavyweight, India is expected to become the fourth largest importer by 2035, presenting new opportunities for UK businesses. In the year to September 2024, UK businesses exported a total of £17 billion goods and services to India. 

    Business and Trade Secretary Jonathan Reynolds said:  

    “Tech and life sciences are two huge growth sectors for the UK economy that feature at the heart of our Industrial Strategy.  

    “I’m proud that government support has helped some of our finest businesses in these sectors to expand into the exciting Indian market. 

    “It’s great to see them going for growth, and their successes will amount to tens of millions of pounds for the UK economy, which will see living standards improve, and put money in people’s pockets.” 

    UK businesses expanding their exports into India include: 

    • Manufacturer of RF solutions to mobile networks, defence, and aerospace markets Radio Design, headquartered in Shipley, has expanded its global operations with a manufacturing facility in India.   

    • Global Tech operations for Marcus Evans Group, London-based specialists in high-impact and bespoke events, are now established in Mumbai.  

    • Appliansys, an innovative tech company based in Coventry whose internet-based education supports students in low or no internet areas, has worked with Tata Motors and developed a pilot which will be used across almost 5,000 Indian schools.   

    • Leicester-based chemicals company Microfresh has now rolled out its smart antimicrobial technology across multiple Indian textile and leather players. 

    • A digital health tech business headquartered in London, Novocuris has begun operating in multiple Indian hospitals. 

    • Keele-based Biocomposites is supplying hospitals in India with its medical devices for use in complex bone, joint, and musculoskeletal infections. 

    • York business Optibiotix Health has entered into a long-term partnership with Morepen Laboratories with its brand “Light life” containing its patented, award-winning and clinically tested SlimBiome, used as a pre-meal and on-the-go meal product.  

    • REM3DY Health, a Birmingham based advanced manufacturing business has partnered with a leading Indian pharmacy giant to bring its innovative gummy vitamin products to India with discussions ongoing to expand into even more personalised solutions in the future.  

    Notes to editors: 

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: FS unveils rates, tax cuts

    Source: Hong Kong Information Services

    In his 2025-26 Budget Speech, Financial Secretary Paul Chan this morning announced measures to provide rates concessions, reduce salaries and profits taxes, and pay an extra allowance to eligible social security recipients.

    Mr Chan said the measures had been devised in light of the economic pressures faced by some industries and people, and of the Government’s fiscal position.

    In the first quarter of the next financial year, rates concessions for domestic and non-domestic properties will be provided, subject to a ceiling of $500 for each rateable property.

    The measure is estimated to involve 3.12 million domestic properties and 430,000 non-domestic properties, and a reduction in government revenue of $1.5 billion from the former and of $200 million from the latter.

    Meanwhile, salaries tax and tax under personal assessment for the 2024-25 tax year will be reduced by 100%, subject to a ceiling of $1,500, with the reduction being reflected in the final tax payable for the year of assessment. The same reduction, also subject to a ceiling of $1,500, will be applied to profits tax for the 2024-25 year of assessment.

    With regard to salaries tax and tax under personal assessment, the reduction will benefit 2.14 million taxpayers and reduce government revenue by $2.9 billion. The profits tax cut will benefit 165,400 businesses and reduce government revenue by $200 million.

    In addition, the Government will provide an extra allowance to eligible social security recipients that is equal to half a month of the standard-rate Comprehensive Social Security Assistance payments, Old Age Allowance, Old Age Living Allowance or Disability Allowance. Similar arrangements will apply to recipients of the Working Family Allowance.

    Altogether, the extra allowance payments will involve an additional expenditure of about $3.1 billion.

    Furthermore, to ease the burden on buyers of residential and non-residential properties at lower values, the maximum value of properties chargeable to a $100 stamp duty will be raised from $3 million to $4 million with immediate effect. 

    This concession will benefit about 15% of property transactions and reduce government revenue by about $400 million annually.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: North Macedonia: Staff Concluding Statement of the 2025 Article IV Mission

    Source: International Monetary Fund

    February 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Growth is gaining momentum amid rising risks

    Growth is gaining momentum. After picking up in early 2024, growth is expected at 3.3 percent in 2025, driven by stronger domestic demand as public investment projects (including the Corridor 8/10d road project) intensify and consumption is supported by government transfers and real wage growth. The impact of weak external demand seen in 2024 is expected to persist in 2025, driven by structural shifts in the European automotive sector. In the long term, high emigration, especially among the young segment of the population, is projected to lower potential growth, which Staff now estimate at 3.0 percent.

    Inflation is rising again. In January, inflation reached 4.9 percent year-on-year, up from a low of 2.2 percent in August 2024. Core inflation has become the main driver and remains persistent, fueled by strong wage growth. Food inflation remains high despite administrative price controls and other interventions.

    Domestic risks are elevated and the external outlook more uncertain. Weak public investment, stalled productivity reforms, emigration, and slowing activity of key trade partners threaten growth in the medium-term. Meanwhile, high real wage growth without productivity gains and increased fiscal transfers could further fuel inflation and erode competitiveness. Trade policy shifts and shocks to FDI may suppress exports and tighten financial conditions.

    Adhering to the fiscal rules requires credible fiscal consolidation

    IMF staff agree with the authorities’ goal of reducing the deficit this year, but are concerned revenue will underperform, rendering this goal out of reach. The 4 percent of GDP deficit envisaged in the 2025 budget will be exceeded if the authorities’ expected revenue gains (of 1½ percent of GDP) from reducing the shadow economy and increasing tax compliance fall short. We welcome the Public Revenue Office’s efforts to modernize tax collection and reduce informality, but these efforts will take time to deliver results. Staff recommends that in any planned supplementary budget, the authorities avoid increasing spending and focus on reducing tax expenditures and transfers (e.g., subsidies to agriculture). Ensuring the full and timely transfer of contributions to the second-pillar pension system is essential.

    A credible fiscal strategy is needed to bring debt on a downward path. The budget deficit has exceeded the 3 percent of GDP ceiling in the fiscal rules, while public debt is on an upward trend and has surpassed 60 percent of GDP in 2024—14 percentage points above pre-pandemic levels. A credible fiscal strategy to restore compliance with fiscal rules is key, for preserving credibility to maintain access to international capital markets, for creating space for investment, and strengthening resilience against future shocks. The focus should be on:

    • Controlling current spending:Staff recommend omitting further pension increases in September 2025 and returning to a rule-based pension system in 2026—indexing only to inflation—to support consolidation while protecting pensioners’ purchasing power. Staff advise limiting public wage growth to inflation in the near term. The Ministry of Finance should strengthen oversight to ensure public wage increases are consistent with achieving the fiscal rules. Over time, unifying the fragmented wage negotiating system will help prevent unexpected budget pressures.
    • Mobilizing revenues. North Macedonia’s tax revenue potential is estimated at 22-24 percent of GDP. To realize these revenues, tax reforms should focus on reducing tax expenditures, limiting reduced rates and exemptions, improving tax compliance, and gradually increasing property tax. The government’s accelerated digitalization efforts will enhance revenue mobilization.

    Beyond consolidation, structural fiscal reforms are needed to strengthen fiscal governance and improve spending efficiency, with some progress underway. Key ongoing measures include implementing the Public Investment Management decree and manual, adopting the PPP law, and conducting spending reviews to optimize budget allocation. Managing fiscal risks, especially from SOEs and major projects like the Corridor 8/10d road, is crucial. The inclusion of a fiscal risk assessment in the Medium Term Fiscal Strategy marks an achievement for the ministry. The state-owned electricity generator, ESM, requires investments in technology and efficiency improvements to lower production costs and expand production, while gradually reducing its role in the subsidized, regulated market. The operationalization of the Fiscal Council is a positive step and it is encouraged to strengthen its independent assessments.

    Monetary and financial sector policies to maintain stability and mitigate risks

    Policy rates should remain on hold and liquidity tools warrant further tightening until inflation steadily declines. Robust reserves accumulation in 2024 has fostered stability in the foreign exchange market. Given the renewed acceleration in both headline and core inflation, the National Bank (NBRNM) should remain on hold until there is clear evidence of sustained disinflation. Staff support the changes in reserve requirements implemented by the NBRNM and advise further tightening to absorb excess liquidity. The NBRNM should remain vigilant to inflationary risks from domestic factors, including wage and pension increases, as well as heightened external risks from trade uncertainties. If these risks materialize, the NBRNM should be prepared to tighten further to prevent inflation from becoming entrenched. The NBRNM has effectively managed recent challenges, including the energy cost shock. Its resilience stems from operational and financial autonomy, which underpin its independence and credibility—both essential for maintaining price and exchange rate stability and must be safeguarded.

    The financial system remains resilient, but macro prudential settings may need to be tightened in response to brisk credit growth. Overall, the banking sector is well-capitalized, highly liquid, and profitable, with low system-wide non-performing loans. NBRNM’s active macroprudential and microprudential measures have strengthened resilience. Strong balance sheets and increased deposits have fueled an acceleration in lending activity towards the end of 2024. The implemented loan-to-value and debt service-to-income ratios will continue to help safeguard financial stability by reducing pressures in the real estate market and preventing higher levels of indebtedness. Staff support the NBRNM’s gradual tightening of the countercyclical capital buffer and additional capital requirements to ensure banks maintain adequate loss-absorbing and recapitalization capacity, in line with EU regulations. Should lending and real estate prices continue growing briskly, further tightening of macroprudential instruments may be warranted.

    Structural reforms to boost productivity and offset costs of emigration

    IMF staff support the authorities’ objectives of boosting productivity, raising living standards, and reducing informality. Over the past decade, growth in North Macedonia has lagged regional peers and convergence with the EU has stalled. High emigration has led to a declining population that threatens to be a drag on potential growth. Accelerating structural reforms is key to achieving the authorities’ objectives, offsetting the costs of emigration, and supporting the country on its path to EU accession. The priorities are well known:

    • Improving the business environment. Reducing informality through streamlined business registrations and expanded digital public services is a priority. The predictability of the legal and regulatory environment can be improved by limiting the use of expedited procedures in Parliament, increasing stakeholder consultation, and applying the regulatory requirements more consistently. Simplifying and digitalizing work permits would help businesses address skill and labor shortages more efficiently. Avoiding ad-hoc adjustments to the minimum wage will help contain inflation, preserve competitiveness and provide a more predictable policy environment for business.
    • Strengthening the labor market. Improving labor market outcomes can stimulate private investment, increase labor participation, and reduce emigration. Raising educational quality and job matching between firms and workers through vocational training will help address labor shortages. Expanding affordable childcare in municipalities, and gradually raising the retirement age of women to match men can help to offset workforce losses from high emigration.
    • Increasing public infrastructure investment. The quality of public infrastructure in North Macedonia lags peers. The major infrastructure projects Corridor 8/10d and the Kicevo-Ohrid highways are over budget and behind schedule. Staff urge the authorities to complete the started projects and realize their investments. Capital expenditures should be safeguarded in the budget and public investment management should be strengthened to prioritize high-impact projects.
    • Strengthening the rule of law and anti-corruption efforts. Improving judicial independence and impartiality would strengthen contract enforcement and help reduce informality. The fight against corruption remains weak, particularly in prosecuting high-profile cases. Aligning the Criminal Code with international standards and enhancing resources for key anti-corruption institutions are crucial. The upcoming new national anti-corruption strategy is an opportunity to accelerate reforms through stronger accountability and coordination.
    • Enhancing governance.Improving public resource efficiency, accountability, and transparency requires expanding digital public services, reassessing state aid schemes, strengthening procurement systems, and improving SOE management.

    The IMF team thanks the authorities of North Macedonia and other counterparts for their productive collaboration and constructive policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics –

  • MIL-OSI Russia: North Macedonia: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    February 26, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Growth is gaining momentum amid rising risks

    Growth is gaining momentum. After picking up in early 2024, growth is expected at 3.3 percent in 2025, driven by stronger domestic demand as public investment projects (including the Corridor 8/10d road project) intensify and consumption is supported by government transfers and real wage growth. The impact of weak external demand seen in 2024 is expected to persist in 2025, driven by structural shifts in the European automotive sector. In the long term, high emigration, especially among the young segment of the population, is projected to lower potential growth, which Staff now estimate at 3.0 percent.

    Inflation is rising again. In January, inflation reached 4.9 percent year-on-year, up from a low of 2.2 percent in August 2024. Core inflation has become the main driver and remains persistent, fueled by strong wage growth. Food inflation remains high despite administrative price controls and other interventions.

    Domestic risks are elevated and the external outlook more uncertain. Weak public investment, stalled productivity reforms, emigration, and slowing activity of key trade partners threaten growth in the medium-term. Meanwhile, high real wage growth without productivity gains and increased fiscal transfers could further fuel inflation and erode competitiveness. Trade policy shifts and shocks to FDI may suppress exports and tighten financial conditions.

    Adhering to the fiscal rules requires credible fiscal consolidation

    IMF staff agree with the authorities’ goal of reducing the deficit this year, but are concerned revenue will underperform, rendering this goal out of reach. The 4 percent of GDP deficit envisaged in the 2025 budget will be exceeded if the authorities’ expected revenue gains (of 1½ percent of GDP) from reducing the shadow economy and increasing tax compliance fall short. We welcome the Public Revenue Office’s efforts to modernize tax collection and reduce informality, but these efforts will take time to deliver results. Staff recommends that in any planned supplementary budget, the authorities avoid increasing spending and focus on reducing tax expenditures and transfers (e.g., subsidies to agriculture). Ensuring the full and timely transfer of contributions to the second-pillar pension system is essential.

    A credible fiscal strategy is needed to bring debt on a downward path. The budget deficit has exceeded the 3 percent of GDP ceiling in the fiscal rules, while public debt is on an upward trend and has surpassed 60 percent of GDP in 2024—14 percentage points above pre-pandemic levels. A credible fiscal strategy to restore compliance with fiscal rules is key, for preserving credibility to maintain access to international capital markets, for creating space for investment, and strengthening resilience against future shocks. The focus should be on:

    • Controlling current spending:Staff recommend omitting further pension increases in September 2025 and returning to a rule-based pension system in 2026—indexing only to inflation—to support consolidation while protecting pensioners’ purchasing power. Staff advise limiting public wage growth to inflation in the near term. The Ministry of Finance should strengthen oversight to ensure public wage increases are consistent with achieving the fiscal rules. Over time, unifying the fragmented wage negotiating system will help prevent unexpected budget pressures.
    • Mobilizing revenues. North Macedonia’s tax revenue potential is estimated at 22-24 percent of GDP. To realize these revenues, tax reforms should focus on reducing tax expenditures, limiting reduced rates and exemptions, improving tax compliance, and gradually increasing property tax. The government’s accelerated digitalization efforts will enhance revenue mobilization.

    Beyond consolidation, structural fiscal reforms are needed to strengthen fiscal governance and improve spending efficiency, with some progress underway. Key ongoing measures include implementing the Public Investment Management decree and manual, adopting the PPP law, and conducting spending reviews to optimize budget allocation. Managing fiscal risks, especially from SOEs and major projects like the Corridor 8/10d road, is crucial. The inclusion of a fiscal risk assessment in the Medium Term Fiscal Strategy marks an achievement for the ministry. The state-owned electricity generator, ESM, requires investments in technology and efficiency improvements to lower production costs and expand production, while gradually reducing its role in the subsidized, regulated market. The operationalization of the Fiscal Council is a positive step and it is encouraged to strengthen its independent assessments.

    Monetary and financial sector policies to maintain stability and mitigate risks

    Policy rates should remain on hold and liquidity tools warrant further tightening until inflation steadily declines. Robust reserves accumulation in 2024 has fostered stability in the foreign exchange market. Given the renewed acceleration in both headline and core inflation, the National Bank (NBRNM) should remain on hold until there is clear evidence of sustained disinflation. Staff support the changes in reserve requirements implemented by the NBRNM and advise further tightening to absorb excess liquidity. The NBRNM should remain vigilant to inflationary risks from domestic factors, including wage and pension increases, as well as heightened external risks from trade uncertainties. If these risks materialize, the NBRNM should be prepared to tighten further to prevent inflation from becoming entrenched. The NBRNM has effectively managed recent challenges, including the energy cost shock. Its resilience stems from operational and financial autonomy, which underpin its independence and credibility—both essential for maintaining price and exchange rate stability and must be safeguarded.

    The financial system remains resilient, but macro prudential settings may need to be tightened in response to brisk credit growth. Overall, the banking sector is well-capitalized, highly liquid, and profitable, with low system-wide non-performing loans. NBRNM’s active macroprudential and microprudential measures have strengthened resilience. Strong balance sheets and increased deposits have fueled an acceleration in lending activity towards the end of 2024. The implemented loan-to-value and debt service-to-income ratios will continue to help safeguard financial stability by reducing pressures in the real estate market and preventing higher levels of indebtedness. Staff support the NBRNM’s gradual tightening of the countercyclical capital buffer and additional capital requirements to ensure banks maintain adequate loss-absorbing and recapitalization capacity, in line with EU regulations. Should lending and real estate prices continue growing briskly, further tightening of macroprudential instruments may be warranted.

    Structural reforms to boost productivity and offset costs of emigration

    IMF staff support the authorities’ objectives of boosting productivity, raising living standards, and reducing informality. Over the past decade, growth in North Macedonia has lagged regional peers and convergence with the EU has stalled. High emigration has led to a declining population that threatens to be a drag on potential growth. Accelerating structural reforms is key to achieving the authorities’ objectives, offsetting the costs of emigration, and supporting the country on its path to EU accession. The priorities are well known:

    • Improving the business environment. Reducing informality through streamlined business registrations and expanded digital public services is a priority. The predictability of the legal and regulatory environment can be improved by limiting the use of expedited procedures in Parliament, increasing stakeholder consultation, and applying the regulatory requirements more consistently. Simplifying and digitalizing work permits would help businesses address skill and labor shortages more efficiently. Avoiding ad-hoc adjustments to the minimum wage will help contain inflation, preserve competitiveness and provide a more predictable policy environment for business.
    • Strengthening the labor market. Improving labor market outcomes can stimulate private investment, increase labor participation, and reduce emigration. Raising educational quality and job matching between firms and workers through vocational training will help address labor shortages. Expanding affordable childcare in municipalities, and gradually raising the retirement age of women to match men can help to offset workforce losses from high emigration.
    • Increasing public infrastructure investment. The quality of public infrastructure in North Macedonia lags peers. The major infrastructure projects Corridor 8/10d and the Kicevo-Ohrid highways are over budget and behind schedule. Staff urge the authorities to complete the started projects and realize their investments. Capital expenditures should be safeguarded in the budget and public investment management should be strengthened to prioritize high-impact projects.
    • Strengthening the rule of law and anti-corruption efforts. Improving judicial independence and impartiality would strengthen contract enforcement and help reduce informality. The fight against corruption remains weak, particularly in prosecuting high-profile cases. Aligning the Criminal Code with international standards and enhancing resources for key anti-corruption institutions are crucial. The upcoming new national anti-corruption strategy is an opportunity to accelerate reforms through stronger accountability and coordination.
    • Enhancing governance.Improving public resource efficiency, accountability, and transparency requires expanding digital public services, reassessing state aid schemes, strengthening procurement systems, and improving SOE management.

    The IMF team thanks the authorities of North Macedonia and other counterparts for their productive collaboration and constructive policy dialogue.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/26/cs-northmacedonia-2025

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Govt forecasts $67b deficit

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan revealed in today’s Budget that total government revenue for 2025-26 is projected to be $659.4 billion, while total government expenditure will be $822.3 billion.

    Taking into account bond issuance of about $150 billion and repayments of about $54.1 billion, a deficit of $67 billion is expected.

    The fiscal reserve will decrease to $580.3 billion.

    Public finances

    Expounding on the Government’s fiscal position in his Budget speech, Mr Chan said government revenue and government expenditure are broadly reflected in the Operating Account and the Capital Account.

    Revenue in the Operating Account mainly comes from tax revenue, investment income, and government fees and charges. Meanwhile, expenditure is largely attributable to the Government’s daily expenses.

    The Capital Account’s revenue is mainly land-related, while its expenditure largely involves infrastructure works projects and land acquisition.

    The finance chief stressed that the Operating Account should be managed on the basis of keeping expenditure within the limits of revenues, with the target of achieving a surplus.

    “As for the Capital Account, expenditure on infrastructure works is our investment for the future. For instance, the Northern Metropolis development, which will bring economic and social benefits upon completion, has to be taken forward to meet the needs for social and economic development.

    “However, as revenue is susceptible to economic cycles, there may be a shortfall between revenue and expenditure. Under such circumstances, we can utilise the surplus in the Operating Account or our fiscal reserves as support, or make flexible use of market resources, including various forms of public private partnership and bond issuance.”

    Revised estimates for 2024-25

    The Financial Secretary reported that the 2024-25 revised estimate of total government revenue is $559.6 billion, lower than the original estimate by 11.6%.

    Revenues from profits tax and salaries tax remained stable at $177.7 billion and $88 billion respectively, with these figures comparable to the original estimates.

    Mr Chan emphasised that the incomes from profits tax and salaries tax demonstrate the strong resilience of Hong Kong’s economy.

    However, as the asset market is under pressure, government revenues from land premiums and stamp duties have declined. Revenue from land premiums is $13.5 billion, substantially lower than the original estimate by $19.5 billion. Revenue from stamp duties of $58 billion is lower than the original estimate by $13 billion.

    The revised estimate of total government expenditure for 2024-25 is $754.8 billion, lower than the original estimate by $22.1 billion. Of this, recurrent expenditure is $562.5 billion, lower than the original estimate by $17.7 billion.

    Taking into account the issuance of government bonds of $130 billion and repayments of $22.1 billion, the finance chief expects that there will be a consolidated deficit of $87.2 billion for 2024-25.

    Fiscal reserves are expected to be $647.3 billion by 31 March.

    Estimates for 2025-26

    Looking ahead to 2025-26, the Financial Secretary outlined that the Government will continue to allocate resources towards consolidating momentum on economic growth, promoting the accelerated development of the information and technology industries, and enhancing public services.

    “We will also increase capital works expenditure to cater for the Northern Metropolis and other public works projects relating to the economy and people’s livelihood, so as to support the sustained economic development of Hong Kong.”

    In his Budget speech, Mr Chan announced that total government expenditure for 2025-26 will grow by 8.9% to $822.3 billion, with its ratio to nominal gross domestic product projected to be 24.4%.

    Recurrent expenditure for 2025-26 will rise 4.5% to $588.1 billion.

    “Of this, substantial resources will still be allocated to livelihood-related policy areas including healthcare, social welfare and education, involving a total of $348.6 billion, representing about 60% of recurrent expenditure.”

    Non-recurrent expenditure will decrease by 3.4% to $36.1 billion.

    He also announced that total government revenue for 2025-26 is estimated to be $659.4 billion, while revenue from earnings and profits tax are estimated to be $301.2 billion, an increase of 8.4% over the revised estimate for 2024-25.

    Revenue from land premiums is estimated to be $21 billion, a 55.3% jump over the revised estimate for 2024-25. Revenue from stamp duties is estimated to be $67.6 billion, a 16.5% increase over the revised estimate for 2024-25. In addition, the Government will bring back about $62 billion from six endowment funds established outside the government accounts.

    Looking ahead, Mr Chan said: “We forecast that the Operating Account will largely achieve balance in 2025-26, and return to a surplus starting from 2026-27.”

    The Capital Account is estimated to record a deficit in the Medium Range Forecast period due to the Northern Metropolis’ accelerated development and other public works projects, he added.

    “Nevertheless, the level of deficit will decline year on year from 2026-27 onwards.”

    MIL OSI Asia Pacific News –

  • MIL-OSI: MEXC Invests $20 Million in USDe to Drive Stablecoin Adoption, Launches $1,000,000 Reward Event

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Feb. 26, 2025 (GLOBE NEWSWIRE) — MEXC, the world’s leading cryptocurrency trading platform, has invested $20 million in USDe, Ethena’s synthetic dollar, as part of its commitment to expanding stablecoin adoption and fostering innovation within the crypto ecosystem. Meanwhile, MEXC Ventures, the investment arm of the global cryptocurrency exchange MEXC, has made a strategic investment of $16 million in Ethena. The acquired USDe will support stablecoin-related initiatives, including a campaign featuring a $1,000,000 reward pool.

    Stablecoins are a cornerstone of the crypto market, providing liquidity and stability for traders and investors. USDe, issued by Ethereum-based DeFi platform Ethena, is designed to overcome the limitations of centralized stablecoins. Ethena is not just creating a new digital asset—it is building a robust ecosystem around USDe, which includes Ethereal, a spot trading platform, and Derive, an on-chain options protocol. These developments enhance the utility of USDe and contribute to a more dynamic DeFi landscape.

    To accelerate stablecoin adoption, MEXC’s $20 million investment in USDe is accompanied by several user-focused incentives. These include zero-fee trading pairs and high-APR staking events, allowing users to earn $1,000,000 worth of rewards while participating in the growing stablecoin market. These benefits and events will be accessible through MEXC’s centralized exchange, making it easier for users to explore and trade USDe.

    “Stablecoins play a pivotal role in the development of the broader cryptocurrency market, and MEXC is committed to supporting their expansion,” said Tracy Jin, COO of MEXC. “As digital asset adoption increases, stablecoins will attract greater investment, creating new opportunities for users. We recognize Ethena and USDe as key players in this evolving landscape, and we are excited to contribute to their success by providing users with more stable and efficient financial solutions.”

    MEXC is dedicated to investing in crypto-native projects that thrive in decentralized ecosystems. Assets like USDe, which enable reward-bearing instruments such as sUSDe, are inherently designed for DeFi and reduce the reliance on centralized stablecoin issuers. Looking ahead, MEXC aims to further enhance stablecoin accessibility by allowing users more opportunities to hold USDe and earn passive rewards directly on centralized exchanges.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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

    Disclaimer: This content is provided by MEXC. The statements, views, and opinions expressed in this 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. 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. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b2ee400-d6ec-465a-8f53-1c28be74b24f

    The MIL Network –

  • MIL-OSI United Kingdom: RSH publishes regulatory judgements for 11 social landlords

    Source: United Kingdom – Executive Government & Departments

    Press release

    RSH publishes regulatory judgements for 11 social landlords

    The Regulator of Social Housing has today published regulatory judgements for 11 social landlords. 

    ForHousing has been upgraded from G3 to G2 following a period of intensive engagement. The landlord has delivered an agreed improvement plan, including significant restructuring that involved removing an unregistered parent and disposal of its interest in another unregistered company that was part of the same parent group.   

    It has strengthened its control framework and improved its oversight of strategic risks. The board has been able to evidence that it has full, independent control over decisions that impact its outcomes.  

    ForHousing needs to continue to make improvements in its governance and risk management as it reviews the effectiveness of the changes it has made.  

    Two landlords, West Lancashire Borough Council and City of Westminster Council, received C1 gradings. This means that overall they are delivering the outcomes of the consumer standards and they have demonstrated that they identify when issues occur and put plans in place to remedy and minimise recurrence.  

    The London Borough of Wandsworth, Central Bedfordshire Council, and Anchor Hanover Group failed to meet the outcomes of RSH’s consumer standards and received C3 gradings.  

    During a planned inspection of the London Borough of Wandsworth, RSH found:  

    • Around 40% of homes and almost 80% of communal areas had not had an electrical safety test.  
    • Almost 1,800 overdue fire safety remedial actions, all of which were more than 12 months overdue.  
    • Only 6.5% of its 17,000 total homes had been surveyed in the last ten years  
    • Weaknesses in how tenants’ views are taken into account in decision making.  

    During an inspection of Central Bedfordshire Council, RSH found:  

    • More than 1,800 overdue repairs orders.  
    • More than 300 outstanding fire safety actions arising from fire risk assessments had not been tracked by age or prioritised by urgency.  
    • No tracking, monitoring, or reporting of the number and age of damp and mould cases.  
    • A limited range of opportunities for tenants to scrutinise their landlord’s performance and influence how its housing services are delivered  

    Following responsive engagement with Anchor Hanover Group, RSH found:  

    • Over a third of its homes did not have a current satisfactory electrical safety inspection report  
    • A significant backlog of electrical remedial actions 
    • Incomplete and unreliable information available on the presence of damp and mould 
    • Weaknesses across landlord health and safety, including fire safety and water hygiene 

    RSH has also placed Anchor Hanover Group on its gradings under review list. RSH is currently investigating matters which may impact on whether the landlord continues to meet the governance elements of the Governance and Financial Viability Standard.  

    RSH is engaging intensively with all three social landlords as they work to address the issues identified in each of the cases.  

    Mansfield District Council and Waverley Borough Council received C2 gradings.   

    RSH also published regulatory judgements for three further landlords following stability checks.  

    Peabody Trust and One Manchester retained their current G1/V2 gradings, while Bolton at Home retained its G2/V2 gradings.  

    Kate Dodsworth, Chief of Regulatory Engagement at RSH, said:  

    “As we approach the end of the first year of our programmed inspections, we are continuing to see a broad spectrum of gradings – though it is still too early to draw concrete trends. 

    “While our engagement is the most intensive with landlords that fail to meet the outcomes of our standards, even landlords that receive a C1 grading have room for improvement.   

    “Along with our consumer regulation, our scrutiny of governance and financial viability remains as important as ever. Landlords must have rigorous oversight of strategic risk and continue to stress test their financial plans. Without strong governance, landlords will not be able to deliver more and better social homes for tenants.   

    “We can confirm that we have placed Anchor Hanover Group on the gradings under review list. The outcome of the investigation will be confirmed in a regulatory judgement, once completed.”

    All the judgements published today can be found on the Regulatory Judgements and Enforcement Notices page.

    Notes to Editors  

    1. On 1 April 2024 RSH introduced new consumer standards for social housing landlords, designed to drive long-term improvements in the sector. It also began a programme of inspections for all large social landlords (those with over 1,000 homes) over a four-year cycle. The changes are a result of the Social Housing Regulation Act 2023 and include stronger powers to hold landlords to account. More information about RSH’s approach is available in its document Reshaping Consumer Regulation.  

    2. RSH carries out stability checks on all housing associations, and other private registered providers, who own 1,000 homes or more. The stability checks are a yearly exercise. We look at the financial information landlords have submitted to us (including their most recent business plan and annual accounts) and consider if there are any risks which might result in a change to their financial viability or governance gradings.  The checks do not include local authorities because our governance and financial viability standard does not apply to them.  

    3. More information about RSH’s responsive engagement, programmed inspections and consumer gradings is also available on its website.  

    4. 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.

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

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Chancellor to meet G20 finance ministers in South Africa

    Source: United Kingdom – Executive Government & Departments

    News story

    Chancellor to meet G20 finance ministers in South Africa

    At the G20 Finance Ministers and Central Bank Governors meeting in South Africa the Chancellor, Rachel Reeves, will make the case for defence investment, declaring that it’s the “bedrock of economic growth”.

    • Chancellor, Rachel Reeves, touches down in South Africa for the G20 Finance Ministers and Central Bank Governors meeting today, 26 February.
    • At the meeting Rachel Reeves will make clear that a strong defence is the “bedrock of economic growth” and make the case for “free and fair trade.”
    • Follows the PM’s commitment to boost the UK’s defence spending by £13.4 billion to 2.5% of GDP by 2027 and the British Government’s steadfast support for the people of Ukraine.

    Following the PM’s announcement yesterday, the Chancellor will state that in a dangerous world the UK will not shy away from bolstering defence spending and will set out our ambition to raise UK defence spending further to 3% by the next parliament, subject to economic and fiscal conditions. 

    Protecting national security to protect the economy will also be a key message that the Chancellor will set out on the global stage today as she attends the G20 Finance Ministers and Central Bank Governors meeting in Cape Town, South Africa. 

    The UK is already the third largest defence spender in NATO in cash terms, and this government has already boosted defence spending by almost £3 billion at the Autumn Budget. 

    The Chancellor will also reaffirm our commitment to European defence and encourage other European allies at the G20 to boost their defence spending in line with the UK in response to the security threats we face.   

    She will also discuss the possibilities for like-minded countries to mobilise private finance to maximise our financial resources for defence.

    The government’s commitment to invest in defence will protect UK citizens from threats at home but will also create a secure and stable environment in which businesses can thrive, supporting the Government’s number one mission to deliver economic growth.

    Chancellor of the Exchequer, Rachel Reeves said: 

    It’s clear we are facing a more dangerous world, and I will not hide from this reality. This is the moment for us all to step up – and together with our European partners we will go further and faster on defence. 

    National security will always be the first responsibility of this government and is the bedrock economic growth. Through intelligent investment, relentless reform, and free and fair trade – the most reliable driver of global growth – we can deliver sustainable growth that puts more money into the pockets of working people. 

    The Chancellor is also expected to set out that she is a champion of free and fair-trade and, will continue to make the case for openness in a series of bilateral meetings with G20 finance ministers. 

    While in Cape Town the Chancellor will engage with best-in-class British firms in South Africa and visit Cape Town’s historic V&A Waterfront. The Chancellor is expected to welcome British companies including consultancy Turner & Townsend and engineering firm Arup winning new contracts to play a role in the site’s expansion, showcasing UK expertise in designing, planning, and building infrastructure around the world.  

    The Chancellor will also meet influential businesses and investors in South Africa, such as representatives from Old Mutual Limited, the Foschini Group, and Absa, at a private reception at the High Commissioner’s residence, where she will deliver a keynote speech highlighting growth and investment opportunities in the UK.

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft Winter Sports Games Start in Krasnoyarsk

    Translartion. Region: Russians Fedetion –

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

    The 13th Rosneft Winter Sports Games have opened in Krasnoyarsk. From February 25 to March 2, about 650 oil industry athletes from 41 teams of the Company’s subsidiaries will compete in winter sports such as hockey, cross-country skiing and biathlon. Men’s and women’s distances, as well as a relay race, are provided for skiers.

    The opening ceremony of the Winter Games was attended by Russian sports stars. The athletes were greeted by Olympic relay champion, skier Denis Spetsov and leading players of the CSKA hockey club.

    Rosneft’s summer and winter sports games bring together thousands of oil industry athletes every year. The first sports competitions were held in 2005 and have since become part of the Company’s corporate culture. The winter games are a shining example of effective promotion of a healthy lifestyle, strengthening the spirit of camaraderie, supporting mass sports and good traditions.

    Sports development is one of the main areas of Rosneft’s social policy. The company finances the construction of ice arenas, sports complexes and multifunctional sports grounds in the regions where it operates. Rosneft also supports amateur sports and carries out large-scale work to popularize a healthy lifestyle among both its own employees and the population in the regions where it operates.

    Reference:

    Rosneft athletes also take part in the main mass sports competitions held in our country, winning prizes. As part of the corporate sports and health movement “Energy of Life”, the Company’s employees regularly play sports and compete in various sports disciplines. In 2024, almost 128 thousand employees of the Company played sports as part of the “Energy of Life” movement. At the same time, more than 92 thousand employees took part in competitions in various sports.

    Department of Information and Advertising of PJSC NK Rosneft February 26, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Bond issuance for infra. investment

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan today announced that the Government will raise capital by issuing bonds to ensure the progress of infrastructure works projects crucial to the future development of Hong Kong can proceed on schedule.

    While delivering the 2025-26 Budget this morning, Mr Chan said that the capital works expenditure will increase from the previously estimated $90 billion to about $120 billion per annum on average in the future.

    Apart from public-private partnerships, in-situ land exchanges and pilot areas for large-scale land disposal, government bonds will be issued as part of the Government’s efforts to leverage market resources more flexibly for the infrastructure works projects to proceed on schedule and deliver early benefits to the economy and the people, he added.

    In the five-year period from 2025-26 to 2029-30, a total of about $150 billion to $195 billion worth of bonds will be issued under the Government Sustainable Bond Programme and the Infrastructure Bond Programme annually. About 56% of the bonds issued will be used for refinancing short-term debts.

    Noting that the borrowing ceiling of these two bond programmes is expected to increase from the existing level of $500 billion to $700 billion in the Medium Range Forecast (MRF), Mr Chan explained that the ratio of government debt to Gross Domestic Product (GDP) will stay at a prudent and manageable level of 12 to 16.5%, well below most of the advanced economies.

    He emphasised that the proceeds from the bond issuance will be used to invest in infrastructure, and not to fund government recurrent expenditure, in strict adherence to the Government’s fiscal discipline.

    “As long as the amount of bonds issuance is contained at a level that ensures fiscal prudence, capital can be utilised flexibly and for investing in future economic development, bringing greater returns and benefits to the society.”

    The Financial Secretary also stated that in the MRF, the ratio of total government expenditure to GDP will gradually fall from about 24.4% for 2025-26 to about 20.9% for 2029-30.

    For 2026-27 and onwards, revenue from land premium is assumed to be progressively rising to 2% of GDP, which is lower than the 20-year average ratio of 3.3%. The growth rate of revenue from profits tax and other taxes will correspond to the economic growth rate in the next few years. 

    The ratio of government revenue to GDP will maintain at about 20% starting from 2025-26 as a whole, Mr Chan said, adding that the MRF reflects the proceeds from the annual issuance of government sustainable bonds and infrastructure bonds.

    “Based on the above assumptions and arrangements, the deficits in the Operating Account and Capital Account in the next five years will gradually reduce every year.”

    The Operating Account may return to a surplus from 2026-27 onwards, while the deficit in the Capital Account will fall progressively from $159.8 billion in 2025-26 to $87.6 billion in 2029-30, Mr Chan pointed out.

    After taking account of net proceeds from the issuance of bonds, the Consolidated Account will return to a surplus starting from 2028-29. The aforesaid forecast has not taken into account any tax concessions or relief measures that may be implemented after 2025-26, he noted.

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Business Leaders Sound Alarm on Global Economic Uncertainty, Call for Unified APEC Action Brisbane, Australia | 26 February 2025 APEC Business Advisory Council

    Source: APEC – Asia Pacific Economic Cooperation

    Amidst rising global economic tensions, the APEC Business Advisory Council (ABAC) met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and rules-based trade.

    Members expressed alarm at the escalating challenges posed by rising protectionism, regulatory complexity and other challenges including climate change, aging populations, declining growth rates for member economies and the business environment. Global uncertainty impacts trade flows, business planning and investment decision-making. Now more than ever, business and government must come together for the benefit of all.

    Economies must remain alert to emerging and disruptive technologies, including advancements in artificial intelligence and quantum computing, which offer both enormous promise and challenge to our economic development.

    “We must also redouble our efforts to put in place tangible enabling solutions like paperless trade, trade facilitation, resilient supply chains and other tangible items that ABAC 2025 aims for,” said ABAC Chair 2025 H.S. Cho.

    ABAC underscored the need for robust trade architecture, emphasising that a strengthened WTO and the APEC vision for a Free Trade Area of the Asia-Pacific (FTAAP) are vital counterweights to economic fragmentation. ABAC believes that this is the way to ensure fair, mutually beneficial trade as economies navigate the challenges of digital transformation and the climate crisis. 

    ABAC has adopted an ambitious theme for the year: “Bridge. Business. Beyond.” The 2025 work program emphasizes the role of business in connecting policymakers and stakeholders across the region, driving innovative growth, and shared prosperity.

    The ABAC work program is both visionary and practical.  For example, ABAC is looking at how to use digital tools like AI to promote small-business formalisation, create smart health systems, and tackle the carbon transition, including energy.  Economies must also urgently address gaps in infrastructure investment for energy security, energy transition, and digital transformation.

    ABAC wants to use the FTAAP process to drive quick progress on safer and more resilient supply chains, advance digital trade interoperability, and unlock green trade. ABAC remains committed to breaking down the barriers to women’s economic success, including by being able to tap into the venture capital they need and by closing the gender pay gap.

    ABAC will also develop recommendations to narrow the digital divide by using digital tools including AI, to support MSMEs to transition to the formal economy and access global markets.

    On meeting the challenges posed by aging populations, rising healthcare costs, and inequities in accessing medical services, ABAC will be developing recommendations for innovative, inclusive and smart health care systems. This will incorporate sustainable financing mechanisms, advanced health care models and the integration of digital health tools to enhance accessibility, efficiency and resilience of healthcare systems.

    To meet decarbonization goals amid rising electricity demand, ABAC will also develop recommendations to achieve a realistic and ambitious energy transition by utilizing advanced technologies to increase low carbon investments and expanding transition finance, supported by international cooperation and the development of low-carbon roadmaps.

    In a series of dynamic discussions with APEC Senior Officials, ABAC members sought to align priorities to produce actionable recommendations for leaders. “These discussions are the first of many interactions that we will have with policymakers and ministers this year.  We are keen to ensure that the business perspective is woven into key policy decisions,” the Chair added.

    The Chair expressed ABAC’s deep gratitude to the Australian government, particularly to the Department of Foreign Affairs and Trade, for their support in hosting this meeting.

    ABAC will reconvene in late April in Toronto, Canada, as it continues to develop its recommendations to achieve APEC’s goals, for presentation to APEC Leaders during their meeting in October in Korea.

     

    For further information please contact:

    Hyungkon Park (Mr), ABAC Executive Director 2025  at +82 2 6050 3686 and [email protected]

    Antonio Basilio (Mr), Director of the ABAC Secretariat at +63 917 849 3351 and [email protected]

     

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Over 100 Chevening and Commonwealth Scholars return to Pakistan after UK studies

    Source: United Kingdom – Executive Government & Departments

    World news story

    Over 100 Chevening and Commonwealth Scholars return to Pakistan after UK studies

    British High Commissioner to Pakistan, Jane Marriott CMG OBE, welcomed back 43 Chevening and 71 Commonwealth Scholars, celebrating their studies in the UK.

    The 2023-24 cohort include scholars from every part of Pakistan, studying public policy, health sciences, climate change, and business at institutions across the UK.  As they return, these scholars become part of a thriving network of over 3,500 alumni, spanning government, media, business, and civil society.  

    Many Chevening and Commonwealth alumni have become leaders in their fields, shaping policy and driving social change. Notable alumni include the Honourable Chief Justice of Pakistan, Yahya Afridi; the Honourable Supreme Court Judge, Justice Athar Minallah; Muhammad Ali Randhawa, Chief Commissioner of Islamabad Capital Territory; Zulfiqar Younis, Additional Secretary for Climate Finance; Abia Akram, Founder of the National Forum of Women with Disabilities; and Maha Kamal, Co-Chair of Women in Energy. 

    British High Commissioner, Jane Marriott CMG OBE, said: 

    “Chevening and Commonwealth scholarships are among the UK’s most prestigious opportunities for Pakistanis. These scholars return empowered by a world-class education, global networks, fresh ideas, and the ambition to create real impact in Pakistan. Studying at UK universities is no easy feat, and I offer them my highest congratulations.”  

    Oneir Raza, a scholar from Pakistan’s education sector, said:  

    “Chevening was a remarkable experience. Studying at the University of Cambridge allowed me to gain practical skills, learn from a diverse faculty, and connect with people from different cultures. Beyond academics, Chevening broadened my horizons and helped me build lifelong bonds. I am super grateful for this opportunity.” 

    The British High Commission has launched climate-focused Chevening alumni engagement initiatives, including debates on the impacts and solutions to climate change in Karachi, Lahore, and Islamabad, and a climate mentorship scheme pairing 13 mentees with 8 Chevening alumni mentors. These programmes are helping to grow Pakistani climate leadership, sparking critical dialogue, convening experts to come together to find tangible solutions to Pakistan’s climate challenges. 

    Applications for Commonwealth Scholarships will next open in September 2025. To find out more information, visit the CSC website. Applications for Chevening scholarships will open in August 2025. Interested candidates can register for alerts by visiting Chevening.

    Notes to editors 

    Commonwealth Master’s Scholarships – Commonwealth Scholarship Commission in the UK are highly competitive scholarships provided by the UK government to provide financial assistance to talented international students from across the Commonwealth nations who wish to pursue a postgraduate degree in the UK. In Pakistan, there are over 1,500 Commonwealth alumni to date. The scholarships have been available to Pakistani students since 1960.  

    Chevening Scholarships are the UK government’s global scholarships programme. Established in 1983, these scholarships support study at UK universities – mostly one-year Masters’ degrees – for students with demonstrable potential to become future leaders, decision-makers and opinion formers. In Pakistan, there are over 2000 alumni to date.

    For updates on the British High Commission, please follow our social media channels:

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Skills and Training Scheme expanded to help 100,000 people into work

    Source: United Kingdom – Executive Government & Departments

    Press release

    Skills and Training Scheme expanded to help 100,000 people into work

    Over 100,000 people looking for work to benefit from tailored training next year, providing employers with work-ready recruits.

    • Coastal towns including Blackpool and Scarborough to benefit as Minister for Employment urges more businesses to sign up to help fill vacancies.
    • New research shows Sector-based Work Academy Programmes (SWAPs) can boost earnings by more than £1,400.

    Thousands of employers and individuals looking for work will benefit from a new record-breaking number of workplace training schemes, the government will announce today [Wednesday 26 February]. This will mean surpassing the previous target of 80,000 and offering new opportunities in some of the country’s most deprived communities.

    Minister for Employment, Alison McGovern will confirm the expansion of the Sector-Based Work Academy Programme (SWAPs) to provide 100,000 more places available over the next financial year, a boost of over a quarter from this year. 

    Sector-Based Work Academy Programmes (SWAPs) offer participants in England and Scotland who are receiving certain benefits the opportunity of training towards a job in a particular industry, alongside a work placement and a guaranteed interview that can kickstart a new career with over 63,000 people joining the SWAPs programme to help them find employment in the last year alone. 

    This boost for people looking for work through SWAPs is a crucial part of our plan to get Britain working to unlock growth, improve living standards and break down barriers to opportunity as part of our Plan for Change.

    The expansion comes as new research shows that in the two years after finishing a SWAP, participants stay in their jobs on average up to three months longer, earn up to £1,400 more, and save the taxpayer over £350 per person compared with those who don’t take part in the programme. 

    The same research finds that, while all demographics benefit from taking part in a SWAP, the impact is greater for more disadvantaged groups, such as older customers and those with restrictive health issues.

    The announcement builds on measures in the government’s Get Britain Working White Paper to overhaul jobcentres, tackle inactivity and improved outcomes for jobseekers. This will boost the nation’s skills and put more money into people’s pockets under the Plan for Change. 

    Minister for Employment, Alison McGovern MP said:

    The evidence is clear – SWAPs boost your earnings and keep you in your job for longer. That is why we are promising to deliver more of them than ever, as we Get Britain Working as part of our Plan for Change.

    And alongside our partnership with UKHospitality, more people in more areas of the country will be able to access the training they need to unlock the opportunities on their doorsteps.

    Anyone in receipt of unemployment benefits is eligible to take part in a SWAP via their local Jobcentre and any business can work with DWP to develop one. This enables businesses to recruit from a wider range of candidates and provide the necessary skills training tailored to an open vacancy.

    As part of this expansion, Minister for Employment Alison McGovern will announce that a hospitality SWAPs pilot, launched in partnership with UKHospitality, will be rolled out to 26 new areas in need of jobs and opportunity, including 13 coastal towns such as Scarborough and Blackpool.

    This will ensure jobs are filled in sectors with high vacancies, such as the 88,000 roles available in the hospitality industry as the government drives up opportunity as part of our wider reforms to Get Britain Working.

    Kate Nicholls, CEO of UKHospitality said:

    UKHospitality’s Sector-Based Work Academy pilot proved to be a brilliant way to provide high quality, entry-level training for both new starters and those looking to get back into work.

    I’m delighted that the government is rolling out our pilot to 26 new areas and using it as the model for its exciting plans to deliver at least 100,000 SWAP participants next year.

    This announcement gives us the impetus to expand our work across the country, help more people find rewarding jobs in hospitality, boost growth, tackle economic inactivity and continue to develop our Hospitality Skills Passport.

    Further information: 

    • SWAPs are designed to support unemployed benefit claimants on Universal Credit, Jobseeker’s Allowance, or Employment and Support Allowance, who are aged 16 years and over and who do not need extra support to address a lack of basic employability skills. Participants remain on benefits during their placement.
    • The programme runs in England and Scotland. SWAPs are developed by Jobcentres in partnership with employers and training providers. These opportunities are offered in job sectors with high volumes of current local vacancies.
    • Employers interested in taking the opportunity to start a SWAP for a role in their business can contact the Employers Service Line here – Jobcentre Plus help for recruiters: Recruitment advice and support – GOV.UK.
    • The SWAP impact assessment, carried out by DWP, focused on UC customers who started a SWAP between April 2021 and March 2022 and compared their employment outcomes to individuals who were eligible to start a SWAP but did not start a placement.

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: University of Aberdeen Principal announces his retirement Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen, has announced that he will retire in December 2025 after reaching his 70th birthday and completing the seven-year term he began in 2018.

    Source: University of Aberdeen

    Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen, has announced that he will retire in December 2025 after reaching his 70th birthday and completing the seven-year term he began in 2018.
    Julie Ashworth, Senior Governor (Chair) of the University’s governing body, University Court, expressed her “deepest thanks for outstanding service”.
    Professor Boyne took up the leadership when the University had more modest placings in higher education rankings. Now Aberdeen is ranked 12th by the Guardian – up from 46th in 2018 – and 15th by the Times and Sunday Times – up from 40th in 2018 – in their most recent assessments of over 120 Universities across the UK.
    The University, which has a strong reputation for helping students from every background reach their full potential, is also ranked second in Scotland and 15th in the UK in the prestigious National Student Survey.
    Professor Boyne has led the organisation, which dates back to 1495 and is the 5th oldest in the UK, through challenging times such as the global pandemic, the impact of Brexit on universities, the cost-of-living crisis and unprecedented financial challenges for the higher education sector.

    It has been the honour of my life to be the internal advocate and external ambassador for the extraordinary range of very high-quality work that is carried out in the Schools and Professional Services at the University of Aberdeen.” Professor George Boyne, Principal and Vice-Chancellor of the University of Aberdeen,

    He said: “It has been the honour of my life to be the internal advocate and external ambassador for the extraordinary range of very high-quality work that is carried out in the Schools and Professional Services at the University of Aberdeen. It has also been a privilege to lead the development of our academic and financial strategies during this eventful time in higher education.
    “We have made very strong progress on a wide range of activities including student recruitment, student employability, research funding, research impact, and regional and global partnerships; and most fundamentally, the creation of new knowledge and scientific discoveries.
    “I will miss the University very much but the time is now right to pave the way for a successor. In December I will be five months beyond the seven-year term of office as Principal that I accepted in 2018, and two months beyond my seventieth birthday. The sevens in my professional and personal life are in close alignment.”
    As is customary when Principals retire, Professor Boyne is offering advance notice so that the University has sufficient time for the recruitment process and the notice period that the new Principal may be required to give their current role.
    The Senior Governor added: “I would like to express my deepest thanks to George for his unwavering commitment to the University. He has achieved an enormous amount in seven years and clearly leaves the University in a very strong position to attract outstanding candidates. Our financial position is stable, our research awards grew by 30% last year, student satisfaction is consistently among the best in the UK, and we have achieved our highest ever UK rankings. I wish him the very best for the rest of his tenure.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: “Rethink Your Drink” with a new app helping Liverpool to reduce drinking

    Source: City of Liverpool

    Liverpool residents wanting to cut down on alcohol can get free expert support through a new app that promotes a healthier lifestyle.

    The ‘Lower My Drinking’ app is part of a new campaign urging people to “Rethink Your Drink.”

    The app is available to anyone living or working in Liverpool. It offers expert advice tailored to individual goals and helps people stay motivated by tracking progress.

    Around 90,000 adults binge drink each week in Liverpool, which can impact their health and well-being. Reducing alcohol can lead to better physical and mental health, weight loss, and financial savings.

    The ‘Lower My Drinking’ app is for anyone who feels their alcohol intake is increasing and wants to reduce or modify the amount they drink.

    The app offers practical techniques, advice and support to gradually reduce alcohol to the recommended limit of 14 units per week over three days.

    The ‘Lower My Drinking’ app helps identify reasons for regular drinking and suggests strategies to manage them. It supports healthier lifestyle choices, and preparing for situations where drinking may be tempting. The app also offers guidance on staying relaxed and social without relying on alcohol.

    To download ‘Lower My Drinking’, click below or search ‘Lower My Drinking’ in your app store.

    Download for Android | Download for iOS

    Visit this website to calculate alcohol intake: www.drinklessfeelgood.com 

    More information on alcohol support: Liverpool Community Alcohol Service (LCAS) 

    Councillor Harry Doyle, Cabinet Member for Culture, Health and Wellbeing said: “The ‘Lower My Drinking’ app is a great resource for anyone looking to make small, positive changes to their drinking.

    “Cutting back on alcohol has many benefits, from improving your health to saving money. With the app’s support, users can set personal goals and see their progress, helping them stay on track and live a healthier, happier life.”

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Financial hub status gets boost

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan this morning pledged that the Government will consolidate and enhance Hong Kong’s strengths as an international financial centre (IFC) to create more new growth areas.

    In his 2025 Budget Speech, Mr Chan said the key to consolidating and enhancing the strengths of Hong Kong as an IFC lies in institutional innovation, product innovation, a critical mass of enterprises and financial connectivity.

    To dovetail with the latest economic trends and corporate needs, Mr Chan said the Government will review listing requirements and post-listing ongoing obligations, evaluate listing-related regulations and arrangements to improve the vetting process, optimise the thresholds for dual primary listing and secondary listing, and review the market structure, including exploring the establishment of a post-delisting over-the-counter trading mechanism.

    Riding on the reduction in minimum price spreads to be implemented in the middle of this year, Hong Kong Exchanges & Clearing is reviewing with the Securities & Futures Commission (SFC) the trading unit system or the so-called “board lot” system.

    They will put forward proposed enhancements this year so that trading arrangements can better meet liquidity characteristics of shares of different sizes and investment needs as well as facilitate trading and improve efficiency.

    To meet the risk management needs of investors, the SFC will consult the market on the proposal to increase the position limits for key index derivatives, so as to enhance flexibility for investors to use the relevant derivatives while safeguarding financial safety.

    On product innovation, Mr Chan noted that the Government will soon promulgate a second policy statement on the development of virtual assets and conduct a consultation on the licensing regimes of virtual asset over-the-counter trading services and custodian services this year.

    It will also propose measures to promote gold market development this year.

    Additionally, the Government will explore enhancement measures to the legal and regulatory regime related to the issuance and transactions of digital bonds to promote the wider adoption of tokenisation in Hong Kong’s bond market.

    The finance chief said the Government will organise a flagship forum in the second half of this year to promote Hong Kong’s strengths in fixed income and currencies.

    Noting that the industry responded favourably to a pilot scheme on insurance-linked securities, with the issuance of six catastrophe bonds facilitated in Hong Kong and an issuance amount totalling over $5.8 billion, Mr Chan said the pilot scheme will be extended for three years.

    On fostering the development of the asset and wealth management industries, Mr Chan said the Government will formulate proposals on the preferential tax regimes for funds, single family offices and carried interest this year.

    He outlined that the proposals will include expanding the scope of “fund” under the tax exemption regime, increasing the types of qualifying transactions eligible for tax concessions for funds and single family offices, enhancing the tax concession arrangement on the distribution of carried interest by private equity funds.

    To keep attracting global capital to Hong Kong, the Government will be hosting the third edition of the Wealth for Good in Hong Kong Summit shortly under the theme “Hong Kong of the world, for the world”, showcasing Hong Kong’s strengths as a global hub for family offices.

    In addition, the inaugural Hong Kong Global Financial & Industry Summit will also be held to pool together global enterprises, funds and technologies through financial empowerment, thereby elevating the level of international co-operation of industries.

    Revealing that the People’s Bank of China and the Hong Kong Monetary Authority are working closely to implement the linkage of faster payment systems of both places, Mr Chan said he expected the round-the-clock real-time, small-value cross-boundary remittance service for residents in both places to be launched in the middle of this year at the soonest.

    The finance chief added that a public consultation on specific proposals of Mandatory Provident Fund “full portability” will be held this year.

    MIL OSI Asia Pacific News –

  • MIL-OSI: HTX DAO Solidifies Leadership at Consensus Hong Kong 2025, Justin Sun Unveils Strategic Growth Initiatives

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — HTX DAO recently hosted a series of impactful events during Consensus Hong Kong 2025, highlighting its expanding influence within the Web3 and blockchain space. The events, including the Jinse Salon, co-hosted with Jinse Finance, Twinkle, HTX DAO, and OpenZK; the Justin Sun’s Meetup and the HTX DAO Victoria Harbour Night – Confidence Journey in Hong Kong, fostered critical discussions on industry trends, regulatory developments, and the evolving digital asset landscape. These events attracted significant participation from Web3 builders and crypto-native communities. Justin Sun, Global Advisor of HTX and founder of TRON DAO, alongside HTX Spokesperson and HTX DAO Ambassador Molly (@HTX_Molly), delivered speeches addressing platform growth, industry outlook, and security infrastructure.

    These events cemented HTX DAO’s leadership in the crypto industry while reinforcing its commitment to compliance, innovation, and sustainable ecosystem development.

    HTX Expands CIS Market, Prioritizes AI Integration

    At the HTX DAO Victoria Harbour Night, Sun highlighted HTX’s strong performance over the past year, noting exponential growth in user acquisition, market share, asset listings, and security enhancements.

    In 2024, HTX’s global registered users surpassed 49 million, surpassing the 50 million milestone in January 2025. The trading volume of major cryptocurrencies surged by 473%, P2P trading volume soared 452%, and market share climbed 471%. Levering its robust crypto screening mechanism, HTX listed 218 premium assets, with 171 debuting exclusively on the platform. Futures products—a key growth driver—saw $900 billion in trading volume, marking a 70% year-over-year increase. On the security front, HTX published Merkle Tree Proof of Reserves (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.

    Additionally, Sun shared his view that AI has great potential in the crypto space, particularly in the creation of expert models. HTX is actively developing AI-powered products based on DeepSeek, aiming to transform AI interaction within cryptocurrency markets.

    Sun further confirmed his collaboration with the Trump family-backed World Liberty Financial (WLFI), citing synergies between WLFI’s mission to bridge traditional finance and crypto and Trump’s pro-crypto stance. This partnership will enable exclusive asset listings on HTX and capitalize on the “Trump Effect” to capture emerging market trends.

    $HTX Utility and Governance Enhancements

    During the HTX DAO Victoria Harbour Night, Sun reiterated his commitment to enhancing the utility and liquidity of $HTX, revealing that the token will soon be listed on a major regulated exchange, expanding its use cases and increasing market adoption.

    Molly, speaking at the Jinse Salon, highlighted HTX DAO’s role as a crypto builder, boosting the industry’s long-term viability. She emphasized the DAO’s community-first approach, leveraging HTX’s strengths in asset curation, liquidity, content development, product innovation, and security. HTX DAO, in collaboration with its governance committee, will continue fostering decentralized governance, user autonomy, and ecosystem expansion. Additionally, the DAO will also empower ecosystem contributors, providing funding and strategic support to create a more transparent and inclusive crypto landscape.

    Security: The Bedrock of a Sustainable Crypto Ecosystem

    Security remains a top priority for HTX, with Sun repeatedly stressing its importance across multiple panel discussions. “Every business decision and product development must be security-first. Protecting user assets is not just a responsibility—it’s the foundation of a sustainable crypto ecosystem,” he stated.

    At the Justin Sun’s Meetup on February 21, Sun outlined HTX’s next-phase security strategy, calling for enhanced multi-signature support, stronger security alerts, and anti-scam mechanisms to protect users from phishing and fraud.

    He also elaborated on the launch of USDD 2.0, a next-gen stablecoin designed for long-term viability, risk mitigation, and technology robustness. He emphasized that USDD’s long-term success hinges on a strong team and leadership, robust technology, and effective community governance. He further stressed the importance of steady progress and preventing sudden project failure due to security or other issues, thereby ensuring sustainable growth.

    As Hong Kong advances as a global fintech and digital asset hub, HTX DAO’s engagements at the Consensus 2025 aligned with the city’s growing commitment to blockchain innovation and regulatory clarity while bridging global tech innovations and ecosystem growth. Through ongoing collaboration with the global crypto community, HTX DAO aims to unlock new opportunities in the digital asset space, driving the next wave of Web3 adoption and financial transformation.

    About HTX DAO

    As a multi-chain deployed decentralized autonomous organization (DAO), HTX DAO demonstrates an innovative governance approach. Unlike traditional corporate structures, it adopts a decentralized governance structure composed of a diversified group, jointly committed to the success of this organization. This unique ecosystem advocates openness and encourages all DAO participants to propose ideas that can promote the development of HTX DAO.

    Contact Information
    Website: www.htxdao.com
    Email Address: media@htxdao.com

    HTX
    Ruder Finn Asia
    htx@ruderfinn.com/
    contact@htx.com

    Disclaimer: This press release is provided by HTX. 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. 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. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ee2ca648-fcc8-4098-b0d5-598b24b60465

    https://www.globenewswire.com/NewsRoom/AttachmentNg/461ca8a0-e346-4012-97bc-14702cc8fc01

    The MIL Network –

  • MIL-OSI: Correction: The 2024 Annual Report of the Bank of Åland Plc has been published

    Source: GlobeNewswire (MIL-OSI)

    Correction: Added a missing attachment in the Swedish version.

    Bank of Åland Plc
    Annual Financial Report
    February 26, 2025, 9.30 EET

    The 2024 Annual Report of the Bank of Åland Plc has been published
    The Annual Report for 2024 of the Bank of Åland Plc (Ålandsbanken Abp), including the 2024 corporate governance report, was published today in Swedish and English. The Compensation Report and the Capital and Risk Management Report were published as separate documents at the same time. 

    The financial reports in Swedish are being published in compliance with European Single Electronic Format (ESEF) reporting requirements. In line with ESEF requirements, the primary portions of the consolidated financial statements have been marked up with XBRL tags.

    The authorised public accounting company KPMG Oy has provided an independent auditors’ affidavit of reasonable assurance about the Bank of Åland Plc’s ESEF financial statements. 

    The Annual Report, the Compensation Report and the Capital and Risk management Report are available for downloading from our website:

    Annual Report

    https://www.alandsbanken.fi/uploads/pdf/result/arsredovisn2024en.pdf

    Compensation Report

    https://www.alandsbanken.fi/uploads/pdf/result/ersattningsrapport2024en.pdf

    Capital and Risk Management Report

    https://www.alandsbanken.fi/uploads/pdf/result/capital-and-risk-management-report_2024en.xlsx

    Bank of Åland Plc   

    For further information, please contact:
    Peter Wiklöf, Managing Director and Chief Executive, Bank of Åland, tel +358 40 512 7505 

    Attachments

    The MIL Network –

  • MIL-OSI: Lantronix Selects Redtree Solutions Ltd to Serve as a Manufacturer’s Rep for Its Open-Q Family of Embedded Compute Solutions in EMEA

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 26, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a strategic partnership with Redtree Solutions, the largest manufacturer representative in EMEA, to represent its Open-Q™ embedded compute System-on-Module (SOM) and Development Kit solutions throughout Europe, the Middle East and Africa (EMEA).

    Designed to broaden Lantronix’s market presence in EMEA, this relationship expands access to Lantronix’s advanced SOMs and Development kits, which provide the fastest, easiest and most cost-effective path for developers to create ground-breaking products.

    “In response to the growing demand for cost-effective embedded compute development solutions, we are delighted to add Redtree Solutions to our network of trusted partners and are excited about growing our business with them in EMEA,” said Kurt Hoff, VP of Global Sales & Marketing at Lantronix.

    “By leveraging Redtree Solutions’ embedded connect expertise and expansive customer relationships, this alliance is poised to accelerate the adoption of Lantronix’s Open-Q solutions across EMEA,” Hoff added. “This relationship represents a significant milestone in Lantronix’s ongoing commitment to deliver innovative solutions throughout EMEA and the world at large.”

    “We are pleased to partner with Lantronix and add the immense value in offering Lantronix’s world-class embedded compute solutions to our mutual customers,” said Steve Judge, president of Redtree Solutions. “This collaboration aligns perfectly with our mission to deliver leading-edge technologies that enable our customers to innovate, differentiate and speed breakthrough solutions to market.”

    About Redtree Solutions Ltd.

    Redtree Solutions, founded in 2006 and now a group company within Crest Holding BV, is the largest Pan-European representative company in the Semiconductor Industry. It has greater than 48 people at your service, speak local languages, and cover more than 20 countries across EMEA, with more than 500 active customers from the Electronic Industry. Redtree invests in next-generation technologies for the benefit of its customers’ success. Its application team is devoted to helping customers find the most optimized architecture for their electronic systems use cases, with the help of our partners’ solutions and expertise.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including, without limitation, statements related to Lantronix products or leadership team. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 9, 2024, including in the section entitled “Risk Factors” in Item 1A of Part I of that report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. In addition, actual results may differ as a result of additional risks and uncertainties about which we are currently unaware or which we do not currently view as material to our business. For these reasons, investors are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements we make speak only as of the date on which they are made. We expressly disclaim any intent or obligation to update any forward-looking statements after the date hereof to conform such statements to actual results or to changes in our opinions or expectations, except as required by applicable law or the rules of the Nasdaq Stock Market LLC. If we do update or correct any forward-looking statements, investors should not conclude that we will make additional updates or corrections.

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    The MIL Network –

  • MIL-OSI: UXLINK Launches Groundbreaking AI Growth Agent to Revolutionize Web3 User Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Powered by DeepSeek V3, the first-of-its-kind AI solution automates user growth tasks, slashes operational costs, and ignites a sustainable Web3 growth cycle; 30-day free trial available for ecosystem partners.

    SINGAPORE, Feb. 26, 2025 (GLOBE NEWSWIRE) — UXLINK, the world’s largest Web3 social infrastructure platform, today announced the launch of its groundbreaking UXLINK AI Growth Agent on its official X platform (formerly Twitter). This innovative product marks a major breakthrough in user acquisition within the Web3 space, further strengthening UXLINK’s social growth layer.

    Powered by DeepSeek V3 technology, the UXLINK AI Growth Agent is the first AI-driven solution designed specifically for Web3 user expansion. It automates repetitive tasks to drastically reduce operational costs, allowing teams to focus on high-value strategic initiatives. Additionally, the AI Growth Agent establishes a sustainable growth cycle by optimizing operational strategies and user incentive mechanisms, resulting in a highly efficient social media ecosystem.

    According to UXLINK, users can build an intelligent, AI-driven operational system in just three simple steps:
    1. Quick Setup: Enable fast deployment of the AI Growth Agent within existing workflows, with minimal configuration.
    2. AI-Powered Automation: Streamline daily operational tasks through intelligent automation, freeing up time and resources for strategic growth efforts.
    3. Growth Flywheel: Launch an AI-driven growth flywheel that transforms basic operations into significant user growth, creating a continuous, self-reinforcing cycle of expansion.

    To show appreciation for ecosystem partners who have continuously supported the enhancement of $UXLINK’s value, UXLINK is offering a 30-day free trial of the AI Growth Agent. During this period, partners can explore its powerful features and experience its potential in driving business expansion firsthand.

    In line with UXLINK’s “INSIDE-OUT” strategy of leveraging internal AI capabilities for external growth, the Head of Community at UXLINK commented on the launch: “UXLINK has always been a heavy AI user, leveraging its high efficiency internally. Now we are bringing AI-powered social growth to the entire ecosystem with a strong focus on user expansion. Growth is an eternal need in Web3, and UXLINK leads in social-driven growth strategies.”

    As AI technology continues to merge with Web3 social applications, users can expect richer and more efficient social experiences. The introduction of the UXLINK AI Growth Agent not only benefits UXLINK’s own ecosystem but also provides the wider industry with innovative growth strategies and solutions.

    UXLINK invites Web3 projects and partners to take advantage of the AI Growth Agent’s 30-day free trial and discover its impact on user growth. For more information or to get started, please visit UXLINK’s official website or contact the UXLINK team.

    About UXLINK: UXLINK is the world’s largest Web3 social platform and infrastructure provider, dedicated to building an interconnected, innovative, and user-centric ecosystem. By seamlessly connecting users, developers, and partners, UXLINK leverages blockchain technology to provide a secure, transparent, and rewarding social experience for its global community.

    Media Contact:
    Website: https://www.uxlink.io/

    UXLINK : admin@uxlink.io
    Twitter : https://x.com/UXLINKofficial
    Telegram: https://t.me/uxlinkofficial
    CMC: https://coinmarketcap.com/currencies/uxlink/

    PR Contact:
    Rachita Chettri
    MediaX Agency
    contact@mediax.agency

    Disclaimer: This press release is provided by UXLINK. 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. 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. 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/47c094aa-2f16-45f4-bc2f-626d94cd30e8

    The MIL Network –

  • MIL-OSI Economics: Shaping a Brighter Future for Asia and the Pacific: ADB President Asakawa’s Legacy

    Source: Asia Development Bank

    Transcript

    In January 2020, President Masatsugu Asakawa took the helm of the Asian Development Bank with a vision for sustainable growth and regional cooperation. Little did he know that two months later, the world would face an unprecedented crisis—the COVID-19 pandemic. As the pandemic swept across countries, President Asakawa recognized the urgency and mobilized ADB’s resources to respond swiftly.

    Masatsugu Asakawa
    President
    Asian Development Bank
    2020-2025

    “In a crisis, every moment counts. I’m proud that ADB acted decisively when our members needed us most.”

    Under his leadership, ADB launched a $20 billion assistance package, including the COVID-19 Pandemic Response Option (CPRO) and a $9-billion Asia Pacific Access Facility (APVAX) to help countries procure and distribute drugs.

    Amidst the global health crisis, another pressing challenge demanded attention—climate change. At COP26 in Glasgow, President Asakawa reaffirmed ADB’s climate leadership.

    “We can’t afford to wait on climate action. That’s why we pledged at least $100 billion in climate financing by 2030 and pioneered innovative tools like the Energy Transition Mechanism and IF-CAP to drive real change.”

    Under his guidance, ADB became the region’s “climate bank,” promoting sustainable, inclusive growth while addressing environmental challenges. President Asakawa advocated action to help developing member countries become more resilient against climate change impacts, such as extreme heat and accelerated glacial melt.

    “Climate action has been a top priority for ADB, and for me personally. Throughout my presidency, ADB has intensified efforts to address the climate crisis— with initiatives focused on protecting vulnerable areas like the Hindu Kush-Himalaya region.”

    Alongside these initiatives, President Asakawa never lost sight of the people behind ADB’s success—its staff. In response to the COVID-19 pandemic, he introduced flexible work arrangements and prioritized safety measures.

    “Our people are the heart of ADB. Their safety and well-being come above all else. By fostering a supportive and inclusive environment, we empower our staff to deliver their best for the communities we serve.”

    In a critical moment, President Asakawa orchestrated the evacuation of 120 ADB staff and their families from Afghanistan. His actions not only safeguarded lives but reinforced a culture of care within the ADB community.

    Looking beyond immediate crises, President Asakawa also focused on building stronger foundations for the future. He championed domestic resource mobilization, helping countries strengthen their financial resilience.

    “True progress is when countries stand on their own feet. Our role is to help them build that foundation, strengthening their ability to create sustainable growth and resilience for future generations.”

    Through initiatives like the creation of the Asia Pacific Tax Hub,  ADB has helped strengthen tax systems, improve governance, and secure social safety nets for people across the region.

    Understanding that the region’s prosperity depends on cooperation, President Asakawa reinforced the importance of robust partnerships to rejuvenate trade and improve supply chains.

    “Asia and the Pacific has benefited immensely from globalization. With the looming threat of protectionism, our region must continue to champion connectivity and collaboration.”

    To support his ambitious goals, President Asakawa also spearheaded significant transformation within ADB. A review of the Capital Adequacy Framework unlocked an additional $100 billion in lending capacity over the next decade.

    Meanwhile, the new operating model introduced strategic shifts to expand private sector operations, intensify climate action, drive innovation, and locate staff closer to clients to strengthen support and responsiveness.

    These initiatives align with the MDB evolution agenda, ensuring ADB remains a key player in global development.

    “To meet tomorrow’s challenges, we must evolve today. Innovation isn’t just an option. It’s an imperative.”

    As his tenure comes to a close, President Asakawa leaves a strengthened, future-focused ADB.

    His vision encourages ADB to stay invested in the region’s success and responsive to emerging challenges. And he reminds us that building trusted, long-term partnerships is key to driving meaningful change.

    “ADB’s strength lies in being a trusted development partner- a reliable friend and partner of choice for Asia and the Pacific. This close relationship is our legacy. And it’s vital we preserve it.”

    President Asakawa has guided ADB through challenging times with transformative leadership that has left an indelible mark on the organization and region. As we look to the future, his legacy sets the foundation for a prosperous, resilient, inclusive, and sustainable Asia and the Pacific.

    “I want to extend my heartfelt gratitude to ADB’s staff, Board of Directors, member governments, and our many partners. Together, we have achieved milestones that will continue to shape a brighter future for Asia and the Pacific.”

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Сall for project proposals under Enabling Fund 2025-2026

    Source: United Kingdom – Executive Government & Departments

    World news story

    Сall for project proposals under Enabling Fund 2025-2026

    The British Embassy Kyiv invites proposals from non-profit organisations for project work under the Enabling Fund (EF) for the period from May 2025 to March 2026.

    The British Embassy Kyiv: call for project proposals under Enabling Fund 2025-2026

    The deadline for submitting proposals is 17.00 (Kyiv time) on 21 March 2025.

    The British Embassy Kyiv uses its Enabling Fund (EF) to complement work funded by the large-scale programmes in Ukraine via funding small-scale quick-win projects or aimed at leveraging bigger funding, at providing unique UK expertise in areas of top priority for Government of Ukraine or at obtaining insights into new areas of activity for future interventions. We will particularly welcome applications that show how they would contribute to the objectives of the 100 Year Partnership, which seeks to deepen the relationship between Ukraine and the UK across all areas.

    The programme will focus on the following areas:

    1. Supporting pillars of the 100 Years Partnership not funded by other programmes, thus strengthening Ukraine’s national and regional democratic institutions, helping Ukraine carry out reforms to meet EU, IMF and NATO standards, supporting Ukraine’s innovative tech capabilities; this can include support to local Ukrainian media, media watchdogs and consortia working to service critical information needs in frontline communities and occupied Crimea and affected by USAID freeze; support to development of innovative academic, science and research courses and modules in Ukraine in partnership with UK, harnessing best UK experience in education and education management, economics, banking sector; support to local hromadas in designing e-toolkit for harmonising hromadas’ recovery plans with regional and national ones (all projects to meet GESI-D requirements)

    2. Supporting vulnerable groups not covered by larger UK programmes, such as work on barrier-free Ukraine, protecting rights of persons with disabilities, LGBT people, work on protecting human rights in temporarily occupied territories including Crimea and on reintegration of de-occupied territories, including reintegration of children returned from Russia or temporarily occupied territories, ensuring cooperation between state institutions, civil society and international partners (all projects to meet GESI-D/E requirements)

    NOTES:

    Non-profit organisations are invited to bid. Successful projects should have sustainable outcomes and should clearly identify the change that will be brought about. All bids should make clear how they complement existing activities supported by other donors and international partners, and how work in the regions complements national level activity.

    The minimum indicative funding for projects is £75,000 and maximum £100,000. This may be in addition to co-funding and self-funding contributions; indeed this will be considered a merit. Our funding is for the UK financial year April 2025-March 2026 only (projects must be implemented and all payments made by 15 March 2026). Where appropriate, bidders are encouraged to describe how their project could be further scaled-up if additional funding became available.

    The British Embassy Kyiv will carry out due diligence of potential grantees, including seeking references, as part of the selection process.

    Bidding is competitive and only selected projects will receive funding. The Embassy reserves the right to accept or reject any or all bids without incurring any obligation to inform the affected applicant(s) of the grounds of such acceptance or rejection. Due to the volume of bids expected we will not be able to provide feedback on unsuccessful bids. If bidders are not contacted by end April they have been unsuccessful in this bidding round.  

    Bidding process

    Bidders should fill in the standard Project Proposal Form and include a breakdown of project costs in the Activity Based Budget (ABB). We will not consider proposals submitted in other formats. Budgets must be Activity Based Budgets (ABB), all costs should be indicative, in GBP (not Ukrainian Hryvna).

    Successful bids must demonstrate Gender Equality and Social Inclusion (GESI) Category D or E (please see description of all GESI Categories in Annex below), i.e. have a gender equality objective explicit in the project documentation and an explanation of a positive impact of the project on advancing gender equality. If the project is designed with the principal intention of advancing gender equality, it must have outcomes on gender equality and outputs that contribute to these outcomes.

    All projects or activities must align with the Paris Agreement on Climate Change and assess climate and environmental impact and risks, taking steps to ensure that no environmental harm is done and, where relevant, support adaptation.

    Successful implementers should be able to receive project funding in GBP (UK pound sterling) and open a GBP bank account for the project.

    Proposals should be sent to the British Embassy Kyiv at Kyiv.Projects@fcdo.gov.uk by 17.00 (Kyiv time) on 21 March 2025. In the subject line, please indicate the name of the bidder, the area (1 or 2), and the subtopic under which the project is submitted (e.g. [name of NGO]/area 1/Support to local hromadas). We aim to evaluate proposals by end-April. Approved projects will commence in May 2025.

    Evaluation criteria

    Proposals will be evaluated against the following criteria:

    • fit to programme objectives – the extent to which the proposal addresses the issues
    • quality of project – how well defined and relevant the outcome is and how outputs will deliver this change; ability to leverage bigger funding would be an advantage
    • value for money – the value of the expected project outcomes, the level of funding requested and institutional contribution
    • previous experience – evidence of the project team’s understanding the issue and of its regional activities, ability to manage and deliver a successful project, through work done to date in the area or in related fields
    • gender-sensitive approach and alignment with the Paris Agreement on Climate Change – as indicated above; the proposals will be assessed by a mixed gender panel.

    ISF_Project Proposal Template_Part A 30-09-2024

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    ISF_Project_Activity-Based_Budget_Template 28-01-2025 w upd guidance

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    GESI Priorities

    PNG, 505 KB

    Updates to this page

    Published 26 February 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Green sector a growth area: FS

    Source: Hong Kong Information Services

    In his 2025-26 Budget speech, Financial Secretary delivered an update on initiatives to harness green industries in Hong Kong, stressing that green finance and green technology are accelerating the build-up of multi-faceted industry clusters and creating huge business opportunities.

    In terms of green finance, Mr Chan iterated that Hong Kong last year launched the Sustainable Finance Action Agenda, setting out goals for the banking industry to achieve net zero, and committed to becoming one of the first jurisdictions to align local requirements on sustainability disclosure standards with those outlined in the International Financial Reporting Standards.

    He said that to support local green-finance talent training, the Pilot Green and Sustainable Finance Capacity Building Support Scheme will be extended to 2028. 

    The finance chief also reported that the Hong Kong Science and Technology Parks Corporation (HKSTPC) will develop its InnoCentre in Kowloon Tong into a green technology hub, to be named “GreenTech Hub”. The hub will bring together more than 200 green technology companies, with the HKSTPC inviting partners such as financial and business institutions and universities to support the companies by providing training, business matching, and more.

    With regard to shipping, the Government plans to develop Hong Kong as a green maritime fuel bunkering centre by the implementing the Action Plan on Green Maritime Fuel Bunkering. Mr Chan said the Government will provide tax exemptions on green methanol used for bunkering. In the aviation sector, meanwhile, a Sustainable Aviation Fuel consumption target will be announced this year.

    In terms of waste reduction, the Government will allocate additional funding of $180 million to increase the number of residential food waste smart recycling bins and food waste collection facilities across the city. I·PARK1, Hong Kong’s first waste-to-energy facility for treating municipal solid waste, is expected to commence operation this year, and an open tender has been invited for I·PARK2, which will have an expected treatment capacity of 6,000 tonnes per day. 

    Mr Chan announced that the Government will launch a $300 million electric vehicle subsidy scheme in the middle of the year, adding that the scheme is expected to provide impetus to for the industry to install 3,000 fast chargers across Hong Kong by 2030.

    In relation to public transport, the finance chief remarked that the Government recently launched a “Green Transformation Roadmap of Public Buses and Taxis” and earmarked $470 million under the New Energy Transport Fund to subsidise franchised bus operators in purchasing about 600 electric buses.  A further $135 million was earmarked to subsidise the taxi trade in purchasing 3,000 electric taxis.  In addition, the “Funding Scheme to Trial of Hydrogen Fuel Cell Heavy Vehicles” is now open for application.

    The Government intends to invite tenders for a smart and green mass transit system project in Kai Tak this year, and for similar projects in East Kowloon and the Hung Shui Kiu/Ha Tsuen and Yuen Long South New Development Areas next year. 

    Mr Chan also reported that the Government has reserved a site in Sheung Shui for the agriculture sector to set up the city’s first multi-storey, environment-friendly livestock farm.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Kama Capital Disrupts Affiliate World Dubai 2025: Shaping the Future of FinTech with High-Powered Partnerships

    Source: GlobeNewswire (MIL-OSI)

    KINGSTOWN, St Vincent & Grenadines, Feb. 26, 2025 (GLOBE NEWSWIRE) — Kama Capital is set to take center stage at Affiliate World Dubai 2025, the world’s premier affiliate marketing conference, from February 26-27, 2025. As a FinTech disruptor, Kama Capital is not here to follow the trends but to set them. Kama Capital aims to highlight the role of affiliates in FinTech growth and present its trading platform to a global audience of performance marketers.

    Affiliate World Dubai is the exclusive gathering of the top 1% of affiliate marketers, e-commerce entrepreneurs, and digital growth hackers. It will be held in Dubai for two intense days of networking, deal-making, and industry insights. With over 35 keynote speeches, Q&A sessions, and exclusive mixers, the event is the go-to platform for game-changing collaborations.

    Why Affiliates Are the Powerhouses of FinTech Growth
    In FinTech, affiliates are not just intermediaries—they are market-makers. They fuel adoption, drive high-value conversions, and build trust in a fast-moving, data-driven trading landscape. Kama Capital recognizes affiliates as its growth partners and provides them with the tools, rewards, and support they need to succeed.

    “Affiliate marketing isn’t just about generating traffic—it’s about driving real impact. Kama Capital is built for traders who demand speed, transparency, and control, and our affiliates are the key players in bringing this revolution to more traders worldwide.” – Razan, Deputy CEO, Kama Capital

    Unlike generic trading platforms, Kama Capital doesn’t just sell a service. It empowers traders to break free from outdated financial systems using AI-driven trading, high-frequency execution, and ultra-low latency performance. For affiliates, this means a high-converting product built on actual performance, not marketing fluff, empowering them to make a real impact in the industry.

    The Kama Capital Edge: Why Affiliates Choose Kama Capital
    Kama Capital offers affiliates a structured partnership program with a focus on transparency and performance, including:

    • High-Impact Trading Technology: AI-powered, lightning-fast execution, built for serious traders.
    • Industry-Leading Payouts: Competitive CPA and revenue share models that maximise affiliate earnings.
    • A Product That Converts: Kama Capital’s advanced trading platform drives engagement, and retention
    • Full Transparency and Real-Time Insights: Affiliates get real-time data, marketing support, and total clarity on earnings, ensuring they can trust the platform and feel confident in their partnership with Kama Capital.

    “The FinTech affiliate space is crowded with hype. Kama Capital cuts through the noise with a product that delivers. Affiliates don’t have to push a ‘hard sell’—they need to connect traders with a working platform.” – Elena, Chief Marketing Officer, Kama Capital.

    Those Who Are Interested Can Visit Booth E31 – Explore Partnership Opportunities.

    At Affiliate World Dubai 2025, Kama Capital aims to expand its affiliate network within the FinTech sector. The company welcomes collaborations with affiliate marketers, performance-driven media buyers, and financial influencers interested in exploring partnership opportunities.

    “Affiliate partnerships are the backbone of Kama Capital’s expansion. We don’t just give our affiliates a product—we give them a winning edge in a competitive industry. If you’re serious about earning big in FinTech, you’ll want to stop by Booth E31.” – Omar Gazy, Affiliate Manager, Kama Capital.

    Kama Capital Invites Affiliates and Partners to Shape the Future of FinTech

    Kama Capital is more than a broker—it is a disruptive force in the financial sector, challenging traditional finance and providing traders and affiliates with the tools to navigate the markets with greater control.

    Kama Capital will be available at Booth E31 at Affiliate World Dubai 2025.

    Partnership inquiries can be made through www.kama-capital.com or in person at Affiliate World Dubai 2025.

    About Kama Capital
    Kama Capital was founded in 2021 to lead a new breed of traders empowered by cutting-edge AI and technology, aiming to redefine the future of trading. Headquartered in Dubai, the company utilizes advanced machine learning, algorithmic trading, Expert Advisors, data analytics, and next-generation trading tools to equip traders with the technology, intelligence, and control necessary to transform their trading practices. Kama Capital has garnered industry recognition for its innovative approach, earning accolades such as “Fintech of the Year” from Entrepreneur Magazine, and forming strategic partnerships with Tech Crunch, Finance Magnates, Acuity, and FutureTech Con, further solidifying its position as a leader in the financial trading sector.

    For more information about Kama Capital, users can visit https://kama-capital.com

    Contact

    Head of Digital & Partnerships
    Karthik R. Arumugam
    Kama Capital
    k.arumugam@kama-capital.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87c57458-0f5b-47f9-83ca-905aa3e801a4

    The MIL Network –

  • MIL-OSI Asia-Pac: Budget promotes reform: CS

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki today said the 2024-25 Budget, through comprehensive and pragmatic measures, strives to promote reform and innovation with an appropriate focus on controlling government expenditure and increasing government revenue.

    Speaking at a media session after the Financial Secretary delivered the Budget, Mr Chan said the Government had worked closely with the community to strive for economic growth and development over the past year, actively seizing national and international opportunities to drive the economy forward.

    He added that Hong Kong, as a small and externally oriented economy, has inevitably encountered various challenges in the face of a complicated, volatile external environment, but emphasised that the Government’s latest Budget had pragmatism at its heart.

    “This year’s Budget is comprehensive, well balanced and pragmatic, while promoting development, reform and innovation. It also focuses on controlling government expenditure and increasing government revenue where appropriate.”

    The Chief Secretary called on Legislative Councillors to support the corresponding bill.

    “I fully support this year’s Budget and hope the Legislative Council will promptly scrutinise and approve the appropriation bill.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: FS revs up city’s trade engine

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan said today that the Government will strive to bolster Hong Kong’s status as an international trade centre, supply chain management centre, and transportation and logistics hub.

    In his 2025-26 Budget speech, he said efforts will be made to expand the city’s trade network, reinforce its connectivity and attract more inward investment, while also strengthening support for local enterprises.

    As regards Hong Kong’s supply chain management capabilities, Mr Chan iterated that the Hong Kong Trade Development Council and InvestHK jointly provide assistance to Mainland enterprises in using Hong Kong as a base to manage their offshore trading and supply chain activities.

    In terms of trade financing, he said the Trade Financing Liquidity Facility recently introduced by Monetary Authority (HKMA) and the People’s Bank of China provides greater flexibility for RMB financing. In addition, the Hong Kong Export Credit Insurance Corporation offers credit insurance to support enterprises seeking to go global.

    Mr Chan said the Government is considering making legislative amendments to facilitate digitalisation of trade documents, and will submit proposals to the Legislative Council next year.

    In efforts to expand Hong Kong’s trade network and attract more inward investment, the Financial Secretary said the Government is liaising with the governments of Malaysia and Saudi Arabia with a view to establishing Economic & Trade Offices in those countries. In addition, InvestHK has established consultant offices in Egypt and Türkiye, while the HKTDC has set up a consultant office in Cambodia.

    Moreover, the Government is exploring investment agreements with Saudi Arabia, Bangladesh, Egypt and Peru, and is conducting negotiations with 17 countries on establishing Comprehensive Avoidance of Double Taxation Agreements.

    Mr Chan outlined that Hong Kong will continue to cultivate markets in the Association of Southeast Asian Nations (ASEAN) and the Middle East, besides exploring opportunities in Central Asia, South Asia and North Africa. With regard to the Belt & Road (B&R) Initiative, he added that the HKTDC will strengthen project matching, particularly in relation to green development and innovation and technology (I&T).

    Meanwhile, to support the development of local enterprises and help them to go global, the finance chief said the Government will inject a total of $1.5 billion into two funds: the Dedicated Fund on Branding, Upgrading and Domestic Sales and the Export Marketing and Trade and Industrial Organisation Support Fund. Application arrangements will also be streamlined.

    In terms of support for Small and Medium Enterprises (SMEs), Mr Chan also highlighted that numerous banks have joined the Taskforce on SME Lending jointly established by the HKMA and the Hong Kong Association of Banks. He said that the funds dedicated for SME financing in the participating banks’ loan portfolios recently increased to over $390 billion.

    In collaboration with large-scale e-commerce platforms, the HKTDC will also launch “E-Commerce Express”, in order to provide Hong Kong enterprises with one-to-one consultation services and thematic seminars. In addition, it will enhance the mentorship scheme it operates in collaboration with the Trade & Industry Department, and will organise a second edition of the Hong Kong Shopping Festival.

    Turning to Hong Kong’s maritime industry, Mr Chan said the Government will adopt an “innovative spirit” with regard to its development.

    He revealed that a Hong Kong Maritime & Port Development Board will be established this year to support research, industry promotion and manpower training. In addition, he said a half-rate tax concession for eligible commodity traders will be introduced.

    With regard to logistics development, the finance chief said the Government has initiated a study on developing modern logistics sites in the Northern Metropolis and expects that its findings will be announced this year.

    Meanwhile, with a view to developing a smart port, $215 million has been allocated to installing a port community system that will encourage the flow of data among stakeholders in the maritime, port and logistics industries. 

    In relation to the Government’s plans to bolster Hong Kong’s reputation as an international aviation hub, Mr Chan said the Three-Runway System at Hong Kong International Airport was commissioned at the end of last year and that related passenger facilities will become operational in phases from the end of this year.

    He also highlighted that the Airport Authority (AA) recently promulgated a development plan for the expansion of Airport City, and revealed that the Hong Kong International Aviation Academy will expand its training programmes to cover C919 aircraft following their official deployment in scheduled flights between Hong Kong and Shanghai in January.

    Mr Chan added that the AA has signed a Memorandum of Understanding with a leading overseas professional aeronautic services company to explore the possibility of providing professional services such as aircraft dismantling, parts recycling and related training in Hong Kong.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: MOFA and MOHW jointly form Taiwan public healthcare team to boost export of smart medical care

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    February 14, 2025  

    No. 039  

    Minister of Foreign Affairs Lin Chia-lung and Minister of Health and Welfare Chiu Tai-yuan convened a meeting at the Ministry of Foreign Affairs on February 14. A decision was made to form a cross-ministerial consultation task force and to invite medical institutions, healthcare businesses, industrial associations, and other experts that often participate in international cooperation projects to organize a Taiwan public healthcare team in conjunction with staff of the Ministry of Foreign Affairs (MOFA) and the Ministry of Health and Welfare (MOHW). By integrating public and private sector resources and harnessing the spirit of integrated diplomacy, the team will jointly implement a flagship initiative on smart medicine and healthcare as part of the Diplomatic Allies Prosperity Project, deepening Taiwan’s public health and medical cooperation with allies and other friendly countries.

     

    As the first leader of Taiwan to hail from the field of medicine, President Lai Ching-te has drawn on his medical expertise and background to commit to growing Taiwan’s leading status in global healthcare. During his 2024 tour of the South Pacific, entitled “Smart and Sustainable Development for a Prosperous Austronesian Region,” President Lai bolstered cooperation with other countries through medical diplomacy, highlighting Taiwan’s contributions to global healthcare development.

     

    Minister Lin and Minister Chiu expressed their hope of leveraging Taiwan’s competitiveness in public health and medical care to further enhance partnerships with diplomatic allies and other friendly countries. This would involve combining the strengths that Taiwan had developed in biotechnology, medicine, pharmaceuticals, and ICT over the years under the Five Plus Two Innovative Industries and Six Core Strategic Industries programs implemented by former President Tsai Ing-wen. The ministers said they wanted the healthy Taiwan envisioned by President Lai to benefit the world while also assisting related Taiwanese industries to expand into overseas markets.

     

    Minister Lin invited Minister Chiu and MOHW staff to attend today’s meeting at MOFA to discuss ways of sharing Taiwan’s public health experience and smart medical solutions with allies and other friendly countries through a smart healthcare cooperation program. Both parties agreed that human resources, technology, and capital should serve together as the three pillars for expediting the export of comprehensive smart medical care and health systems. They said that this would effectively assist allies in increasing healthcare capacity, as well as raise the efficiency of public health management, enhance people’s well-being, and advance local prosperity. They also said that by employing a model that uses medicine to steer a path for industry, they looked forward to helping create business opportunities for Taiwan’s smart healthcare sector and promoting further development in the global healthcare industry.

     

    In addition, the ministers reviewed the highlights and successful results of Taiwan’s public health and medical care cooperation projects. One example was an initiative to enhance Paraguay’s health information management system, which had successfully laid the foundation for healthcare digitalization and would continue to be optimized and serve as a demonstration point for Taiwan’s smart healthcare projects in South America. Elsewhere, they said, a smart healthcare collaboration project between Taiwan and Belau National Hospital in Palau would continue to expand so as to increase Palau’s public health capacity. Views were also exchanged as to strengthening business participation mechanisms and improving the outcome of Taiwan’s joint endeavors with Guatemala, Saint Christopher and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Eswatini, and other allies.

     

    During the meeting, Minister Lin pointed out that Taiwan’s medical assistance to allies could also benefit Taiwanese people. Citing his delegation’s involvement in a car accident that took place during his recent trip to Palau as President Lai’s special envoy, Minister Lin said that injured MOFA colleagues had been able to receive timely professional care and return safely to Taiwan due to the medical services provided in Palau by Shin Kong Wu Ho-Su Memorial Hospital. He said this amply demonstrated the common good and value inherent in international medical cooperation.

     

    In the future, MOFA and the MOHW will continue to work hand in hand with partners worldwide to deepen healthcare cooperation and make greater contributions to global public health and smart healthcare development based on the vision of a healthy Taiwan. They will also take joint steps to expand the presence of related Taiwanese industries in the international market and transform Taiwan into an economy on which the sun never sets. (E)

    MIL OSI China News –