Category: Economy

MIL-OSI USA: Rep. Craig Urges Administration to Follow Through on Promise to Deliver High-Speed Internet to Rural Communities

Source: United States House of Representatives – Congresswoman Angie Craig (MN-02)

WASHINGTON, DC – Today, U.S. Representative Angie Craig joined Reps. Brian Fitzpatrick (R-PA), Rob Wittman (R-VA) and Adam Gray (D-CA) in urging the Administration to follow through on its promise to deliver high-speed internet to rural communities through the Broadband Equity Access and Deployment (BEAD) program.

In a letter to Secretary of Commerce Howard Lutnick, the lawmakers expressed concerns about the National Telecommunications and Information Administration’s (NTIA) recent guidance that could set back broadband deployment in rural areas.

“We remain committed to ensuring the BEAD Program delivers on its promise to strengthen the U.S. economy and connect rural Americans with the opportunities enabled by high-speed internet,” the Members wrote. “However, recent guidance from the National Telecommunications and Information Administration (NTIA) raises concerns that the program could be slowed just as states are gaining momentum.”

“This program was intended to strengthen underserved areas by providing the highest-performance and most scalable networks, so they can compete in the modern economy,” the Members continued. “In many of our districts, higher deployment costs are a reality. A one-size-fits all model puts rural communities at a disadvantage.

The Members concluded, “We urge NTIA to preserve the program’s original intent while streamlining deployment efforts to avoid further disruptions.”

As a co-chair of the Congressional Rural Broadband Caucus, Rep. Craig has led the effort to connect Minnesota’s rural communities to high-speed internet.

Last Congress, Rep. Craig led a group of Members in urging Speaker Johnson to take action to extend funding for the Affordable Connectivity Program (ACP), which provided 23 million American households – and over 244,000 Minnesota households – with access to affordable high-speed internet. She later introduced the Secure and Affordable Broadband Extension Act to increase funding for federal broadband accessibility programs like the ACP, which expired in June of 2024.

Last year, she secured a $1 million federal investment to improve internet access in Le Sueur County, Minnesota.

You can read the full text of the letter here.

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MIL-OSI USA: Reps. Ilhan Omar and Anna Paulina Luna Introduce Syria Sanctions Relief Act to End Broad U.S. Sanctions on Syria

Source: United States House of Representatives – Representative Ilhan Omar (DFL-MN)

WASHINGTON — Today, Representatives Ilhan Omar (D-MN) and Anna Paulina Luna (R-FL) unveiled the Syria Sanctions Relief Act, bipartisan legislation that would repeal existing sanctions programs for Syria.

The bill would also strike related statutory references, effectively ending the Congressionally-mandated sweeping sector-wide sanctions that humanitarian organizations, United Nations experts, and economists say have worsened Syria’s economic collapse and left millions unable to rebuild their lives. Since their enactment, these sanctions have blocked access to food, fuel, and medical supplies, with devastating consequences for the Syrian people.

“Syria’s remarkable transition, and the end of the decades-long Assad dictatorship, presents new opportunities for engagement for the betterment of the Syrian people. This is the right time to lift sanctions,” said Rep. Ilhan Omar. “This is also a good time to reflect on a broader truth: sanctions should never be used as a blunt instrument to starve a population or collapse an entire economy. They do little to improve human rights or democratic outcomes and instead devastate civilian populations and fuel instability. If we are serious about supporting peace and regional stability, we must end the failed policy of economic warfare. This bill is about giving the post-Assad Syria a fighting chance.

“The new Syrian government has demonstrated a commitment to religious freedom, peace with our allies, and a strong alliance with the United States,” said Rep. Anna Paulina Luna. “By codifying the lifting of sanctions, we aim to empower Syria’s leadership to rebuild a stable, inclusive society that benefits its people and strengthens U.S. interests. I look forward to meeting the new president of Syria and his wife, and to fostering a continued, robust relationship with the Syrian government to advance mutual prosperity and security.”

The Syria Sanctions Relief Act would encourage diplomatic and economic engagement and offer Syrians a path toward rebuilding shattered communities. Recent executive actions, including the sanctions relief and Treasury waivers, only provide temporary relief and are subject to future revocation. Only Congress can enact permanent repeal, which is what this bill seeks to do.

Full bill text can be found here.

MIL-OSI Security: Seventy-One-Year-Old Repeat Felon Sentenced to 15 Months for Defrauding Taxpayer-Funded Program

Source: US FBI

WASHINGTON DC –Geary Simon, 71, of the District of Columbia, was sentenced today to 15 months in prison for defrauding the STAY DC rental housing assistance program out of more than $38,500 and for being a felon in possession of a firearm, announced U.S. Attorney Jeanine Ferris Pirro.

Simon, aka “Robert Sutton,” pleaded guilty on Nov. 18, 2024, to one count of wire fraud in connection with a presidentially declared disaster or emergency and to one count of possession of a firearm by a prohibited person. In addition to the 15-month prison sentence, U.S. District Judge Dabney L. Friedrich ordered Simon to serve three years of supervised release and to pay restitution to the D.C. government of $38,560.

According to court documents, Simon obtained $38,560 from the city government program called Stronger Together by Assisting You D.C., known as STAY DC. The program was intended to provide financial assistance during the Covid pandemic to help tenants cover housing and utility expenses due to a loss of income. In April 2021, the District allocated $352 million in federal relief funds for the program. Applicants applied for funds from the STAY DC program via an online portal operated by the D.C. Department of Human Services

Simon applied to the program on June 22, 2021. In his application, Simon claimed that he was a tenant who rented a property in the District at 2433 H Street, NW; that his landlord was “Robert Sutton;” and that Simon owed “Robert Sutton” $72,000 in past due rent. All of the statements were false. Simon was not a tenant at that address; “Robert Sutton” was not Simon’s landlord; Simon did not owe “Robert Sutton” the sum of $72,000 in unpaid rent; and the phone number and email address that Simon provided for “Robert Sutton” were for a phone number and email account that Simon created and controlled.

Unaware of the fraud, DC-DHS granted Simon’s application and issued Simon a check for $38,560 that DC-DHS would not otherwise have approved. Simon deposited the check into an account in the name of “The Geary Stephen Simon 2016 Irrevocable Trust.”

Simon used the taxpayer-backed relief funds to pay private school tuition and to satisfy his court-ordered child support obligations.

On March 14, 2024, law enforcement executed a search warrant at Simon’s home. Officers recovered two firearms. Simon has two prior felony convictions, including a conviction for carrying a pistol without a license. By virtue of the prior felonies, Simon was prohibited from possessing any firearms under federal law.

This case was investigated by the FBI Washington Field Office. It is being prosecuted by Assistant U.S. Attorney John W. Borchert.

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MIL Security OSI –

MIL-OSI China: More policy options in H2 to spur growth

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

Staff members operate at an assembly line of the north China base of FAW-Volkswagen in Tianjin, July 7, 2025. [Photo/Xinhua]

Despite persistent global headwinds, recent economic data from China have demonstrated resilience in the first half of this year, coupled with a potential de-escalation of tensions between Beijing and Washington, prompting major foreign financial institutions to revise upward their full-year growth projections.

As the economy faces external uncertainties and a high base effect from the previous year, experts said additional fiscal and monetary policies will be needed in the second half of the year to achieve the annual growth target of around 5 percent.

The consumer price index, according to the National Bureau of Statistics on Wednesday, rose 0.1 percent in June from a year earlier — a turnaround from the previous four months’ decline, as the country’s consumption-boosting initiatives are translating into greater consumer confidence and spending.

The purchasing managers’ index for China’s manufacturing sector also rose for a second straight month in June to 49.7, with more industries returning to growth, and high-tech and consumer goods production remaining robust, the bureau said late last month.

Given that China’s pro-growth policies are helping the domestic economy maintain its growth momentum in recent months, Goldman Sachs raised its forecast for China’s GDP growth in 2025 by 0.6 percentage points, from 4 percent to 4.6 percent.

Similarly, JPMorgan has revised China’s GDP growth forecast to 4.8 percent year-on-year from 4.1 percent, while Morgan Stanley has raised its projection by 0.3 percentage points to 4.5 percent.

“The complexity, severity, and uncertainty of the current external environment are on the rise, which will undoubtedly have an impact on the stable operation of our economy,” Li Chao, a spokesman for the National Development and Reform Commission, said at a news conference in late June.

Achieving China’s 5 percent annual growth target will demand a more forceful policy push in the coming months, with fiscal measures poised to take center stage, economists said.

“In the second half of the year, China should continue to expedite the issuance and use of the remaining quotas for ultra-long-term special treasury bonds and special-purpose local government bonds, in order to better leverage their effects in boosting investment and promoting consumption,” Luo Zhiheng, chief economist at Yuekai Securities, said.

Earlier this month, the Ministry of Finance announced the issuance of 11 ultra-long-term special treasury bonds in the third quarter, with four of them seeing their timelines accelerated compared with the previous plan released in April. This will help maintain a continuous flow of funding to support policies meant to boost consumption, analysts said.

It is possible for policymakers to expand the issuance of ultra-long-term special treasury bonds this year to provide sustained support to the consumer goods trade-in program, should the remaining funding run out ahead of schedule, said Wang Qing, chief macroeconomic analyst at Golden Credit Rating International.

Meanwhile, ramping up the issuance of special-purpose local government bonds is also a viable option, as it can help accelerate infrastructure investment and stabilize economic recovery, Wang added.

Analysts also expect the People’s Bank of China, the country’s central bank, to leverage its policy tool kit to maintain ample liquidity in the financial system and support domestic demand.

Citing the improved near-term growth outlook, Japanese investment bank Nomura trimmed its rate-cut forecast for the fourth quarter this year to 10 basis points from 15 basis points, while retaining estimates for a 50-basis-point cut in the reserve requirement ratio.

MIL-OSI Russia: Online course at Lu Ban’s Workshop at MTUCI trains Russian specialists in 5G technologies

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

TIANJIN, July 12 (Xinhua) — An online course on the application of 5G technologies and other relevant areas was recently completed at the Lu Ban Workshop at the Moscow Technical University of Communications and Informatics (MTUCI).

Using Chinese technology and 5G equipment that meets Chinese standards, teachers shared advanced knowledge in the field of digital technology with students. As a result of the classes, students not only expanded their theoretical knowledge base, but also improved their practical skills and increased their ability to solve practical problems.

Lu Ban’s workshop, which officially opened at MTUCI in June this year, was established jointly by MTUCI and Tianjin Vocational College of Electronics and Information Science. It is becoming an important bridge for Chinese-Russian cooperation in the field of digital technologies.

“We have trained teachers. The curriculum covers advanced technologies in the digital economy, such as 5G and the Internet of Things. To date, a total of 1,246 Russian teachers have been trained,” said Qian Guoliang, head of the Department of Modern Communications Technology at Tianjin Vocational College of Electronics and Information Science.

Lu Ban’s workshop at MTUCI is closely linked to the needs of Russia’s digital economy industry, and enterprises in China’s communications industry are actively involved in the workshop’s teaching activities, he added.

Lu Ban Workshop, named after the famous ancient Chinese craftsman Lu Ban, is a brand of international vocational education initiated and promoted by Tianjin City Government.

To date, China has built 34 Lu Ban Workshops in 30 countries and regions around the world. 10 of them were established in Kazakhstan, Tajikistan, Uzbekistan, Russia, Pakistan, Cambodia, Egypt and other SCO countries.

Lu Ban’s workshop at MTUCI has provided powerful support to China and Russia in educating highly qualified specialists of international class who meet the needs of information technology development, noted Anastasia Kazantseva, Deputy Director of the Department for the Development of Digital Competencies and Education of the Ministry of Digital Development of the Russian Federation.

Lu Ban’s workshop in Russia will continue to gain strength and show broader development prospects, she said. -0-

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

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MIL OSI Russia News –

MIL-OSI USA: Scott Statement on Braidwood Management SCOTUS Decision

Source: {United States House of Representatives – Congressman Bobby Scott (3rd District of Virginia)

Headline: Scott Statement on Braidwood Management SCOTUS Decision

As originally released by the Committee on Education & Workforce, Democrats

WASHINGTON, D.C. – Ranking Member Robert C. “Bobby” Scott (VA-03) released the following statement after the Supreme Court’s ruling inKennedy v.Braidwood Management, in which plaintiffs sought to weaken a provision in the Affordable Care Act (ACA) that requires private health plans to cover preventive care services at no cost.

“Access to preventive care saves lives. By detecting health problems early on, preventive care helps us address serious diseases—such as colon cancer and high cholesterol—before they become complicated and more expensive to treat. For more than a decade, over four million people in my home of Virginia have been able to count on the Affordable Care Act (ACA) to access these services without having to pay anything out of pocket.

“I am pleased that the Supreme Court recognized what we all know: that the structure of the ACA’s preventive services requirement is fundamentally sound. We cannot go back to a time when far too many Americans were forced to choose between financial stability and the care they needed to avert life-threatening diseases.

“While this decision is a victory for working people’s health, we cannot let our guard down. Right now, Congressional Republicans are attempting to make the largest cut to Medicaid in history in their ‘Big Ugly Bill.’ Under this legislation, 19 people will lose their health insurance for every millionaire who gets a tax break. Additionally, over four million Americans will lose access to their health coverage if Congressional Republicans do not extend the subsidies included in the Inflation Reduction Act. I am working with Congressional Democrats to stop these harmful and unfair cuts to working families’ health coverage.

“Moreover, after today’s ruling, it will also be more important than ever to hold the Trump Administration accountable for faithfully implementing this requirement to save lives, reduce racial and ethnic health inequities, and reduce the nation’s health care costs.”

In September 2022, Committee Democrats released a report examining how the preventive services requirement under the ACA has helped provide access to preventive care for the millions of people with health coverage under the ACA, as well as the vast majority of people with coverage through their job.

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MIL-OSI USA: Ranking Member Scott Statement on Resignation of UVA’s President

Source: {United States House of Representatives – Congressman Bobby Scott (3rd District of Virginia)

Headline: Ranking Member Scott Statement on Resignation of UVA’s President

As originally released by the Committee on Education & Workforce, Democrats

WASHINGTON, D.C. – Ranking Member Robert C. “Bobby” Scott (VA-03), House Committee on Education and Workforce, issued the following statement after James E. Ryan, the President of the University of Virginia resigned.

“The University of Virginia (UVa) has consistently been recognized as one of the nation’s premier public universities because of its commitment to academic excellence. However, today’s decision of UVa President James E. Ryan to resign because of the Trump Administration’s Department of Justice (DOJ) threat to withhold federal funds is an attack on due process, the independence and integrity of ‘academic freedom’ in higher education, and the UVa’s effort to address its own history.

“Under Title VI of the Civil Rights Act of 1964, the DOJ is not authorized to impose sanctions until it has concluded that the university violated the law, and it would not redress the abuse. The DOJ’s demand that Ryan step down was both premature and a perversion of the civil rights resolution practice.

“During Trump’s first administration, UVa was the scene of white supremacists’ Unite the Right march where white supremacists’ chanted ‘you will not replace us, Jews will not replace us.’ Then-President Trump’s response to the violence and the death of Heather Heyer was that there were ‘very fine people on both sides.’

“As a result, President Ryan was brought to UVa in 2018 to improve the university’s racial climate, learning environment, and diversity, equity, inclusion, and accessibility (DEIA) efforts. Under President Ryan’s tenure, UVa has been recognized for its commitment to free speech, financial aid among public universities for the fourth year in a row, and this year, 10,000 first-generation students applied to UVa. All indications are that President Ryan was very popular among the academicians and students alike.

“As a country, we are all worse off because of the Trump Administration’s crusade against diversity, equity, inclusion, and accessibility, while there has been no crusade against racial discrimination. Ryan’s resignation, therefore, signals to the higher education community that diversity as a positive value is now diminished and that segregation is to be celebrated. This situation is made worse because of the willingness of universities and businesses to quickly capitulate.”

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MIL-OSI USA: McCaul Votes to Pass The One Big Beautiful Bill

Source: United States House of Representatives – Congressman Michael McCaul (10th District of Texas)

Bill contains McCaul’s provision to reimburse border states for costs incurred under the Biden administration

WASHINGTON – Today, U.S. Congressman Michael McCaul (R-Texas) — chairman emeritus of the House Committees on Foreign Affairs and Homeland Security — voted to pass the One Big Beautiful Bill to deliver on President Trump’s agenda.

“The American people elected a Republican House, Senate, and White House because they were tired of a raging border crisis, a weak national security, and a broken economy,” said McCaul. “The One Big Beautiful Bill delivers on their mandate by funding President Trump’s border security efforts, bolstering the Department of Defense at a crucial time in history, and making permanent the largest tax cut in history. I’m proud to have joined my Republican colleagues in voting to restore our great nation and put this historic bill on the president’s desk just in time for Independence Day.”

The One Big Beautiful Bill also includes a McCaul-authored provision, which now sits at $13.5 billion, to reimburse border states — primarily Texas — for costs incurred to secure the border under the Biden administration. McCaul championed the provision and advocated for its passage for months, working hand-in-hand with House GOP leadership, Homeland Security Committee Chairman Mark Green (R-Tenn.), and Texas Governor Greg Abbott.

“When the Biden administration abdicated its federal responsibility to secure the border, Texas stepped up,” said McCaul. “Our state bore the brunt of this unnecessary crisis for four years — fighting tirelessly on the front lines to defend all 50 states. That’s why I worked so hard to reimburse our border states for the costs they incurred over the past four years. On behalf of a grateful nation, I’m proud to have secured this provision to finally pay Texas back!”

The provision, which was initially added to House Republicans’ reconciliation package through a manager’s amendment and later edited in the Senate, sets aside $13.5 billion in grants for states to secure the border, apprehend illegal aliens, and counter drug and human trafficking that occurred on or after January 21, 2021.

Most of these funds are expected to reimburse Texas, as no state did more to secure the border over the past four years. Operation Lone Star spent $11.1 billion on border security, including $5.87 billion on personnel costs associated with border security and $4.75 billion on border wall barriers.

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MIL-OSI USA: Governor Newsom statement on the court temporarily blocking the Trump Administration’s unlawful immigration tactics in the Los Angeles area

Source: US State of California Governor

Jul 11, 2025

Sacramento, California – Governor Gavin Newsom issued the following statement today on the court’s decision in Vasquez Perdomo, et al. v. Noem to temporarily stop federal immigration agents from unlawful suspicionless stops in California:

Justice prevailed today — the court’s decision puts a temporary stop to federal immigration officials violating people’s rights and racial profiling.

Stephen Miller’s immigration agenda is one of chaos, cruelty and fear. Instead of targeting the most dangerous people, federal officials have been arbitrarily detaining Americans and hardworking people, ripping families apart, and disappearing people into cruel detention to meet outrageous arrest quotas without regard to due process and constitutional rights that protect all of us from cruelty and injustice. That should stop now.

California stands with the law, and the foundation upon which our founding fathers built this country. I call on the Trump administration to do the same.

Governor Gavin Newsom

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MIL-OSI Asia-Pac: CE listens to views expressed by CECA on Policy Address (with photos/video)

Source: Hong Kong Government special administrative region

The Chief Executive’s Council of Advisers (CECA), chaired by the Chief Executive, Mr John Lee, held luncheon meetings for three consecutive days this week (July 9 to 11) to listen to the views expressed by CECA members for the forthcoming Policy Address and the overall development of Hong Kong.

Mr Lee said, “This is the first meeting for the new term (second term) of CECA members. I warmly welcomed the three new members of the CECA, namely Dr Zhu Min, who served as the Deputy Managing Director of the International Monetary Fund and the Deputy Governor of the People’s Bank of China, along with two enterprises of Hangzhou’s “Six Little Dragons” – the founder of BrainCo, Mr Han Bi-cheng, and the founder of Unitree Robotics, Mr Wang Xing-xing, for attending the meetings in Hong Kong. During the meeting, they emphasised that Hong Kong is bestowed with its unique advantages of connecting with both the Mainland and the world, excellent education and research capabilities, and advantageous geographical location, and it is also an international financial centre with free flow of capital. These advantages would greatly attract Mainland enterprises to list in Hong Kong and use Hong Kong as the gateway to go global. “

The CECA conducted in-depth discussions on a range of important issues under three major themes:

Economic advancement and sustainability – including how to consolidate Hong Kong’s position as the international financial, shipping and trade centres amid geopolitical changes and economic restructuring.
Innovation and entrepreneurship – including how to promote the upgrading and transformation of traditional industries, proactively nurture emerging industries, expedite the development of the Northern Metropolis, and proactively attract capital and talents to assist in the development of innovation and technology in Hong Kong.
Regional and global collaborations – including how to leverage the opportunities of our motherland and deepen international exchanges and co-operation, strengthen ties with countries along the Belt and Road and explore emerging markets such as the Middle East, the ASEAN, South America, and Central Asia in order to seek new opportunities, and to provide high quality professional services to Mainland and international enterprises, amid an everâ€‘changing geopolitical landscape and constantly increasing uncertainties.

Mr Lee said members of the Council are all distinguished and eminent leaders in their respective fields or internationally renowned scholars, experts or entrepreneurs. He thanks all members for actively providing him with valuable insights and wise counsel regarding the current situation and vision for future developments of Hong Kong. These contributions have provided important references for the overall development strategies of Hong Kong and the upcoming Policy Address.

The three meeting sessions were chaired by the Chief Executive. The Chief Secretary for Administration, Mr Chan Kwok-ki; the Acting Financial Secretary, Mr Michael Wong; the Acting Secretary for Justice, Mr Cheung Kwok-kwan; the Director of the Chief Executive’s Office, Ms Carol Yip, and the Head of the Chief Executive’s Policy Unit (CEPU), Dr Stephen Wong, attended the three sessions respectively.

The Chief Executive will deliver his fourth Policy Address this September, for which the public consultation commenced on June 16.

The Chief Executive established the CECA in 2023 to seek advice on the strategic developments of Hong Kong with a view to leveraging the opportunities from national and global developments. The second term of the CECA took effect on July 1. For the membership of the CECA, please refer to the website of the CEPU (www.cepu.gov.hk/en/CECA/membership.html), which serves as the secretariat of the CECA.

MIL OSI Asia Pacific News –

MIL-OSI: Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

LONDON, July 11, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025.

Fiscal Year ended March 31, 2025 Full-Year Highlights:

Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees.
Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year.
Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024.
Completed Initial Public Offering (“IPO”) in January 2025.

Post Year End Strategic Highlights

Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth.
Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities.

Management Commentary

“The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark Blick, Chief Executive Officer of Diginex Limited. “We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.”

“We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.”

“We’re also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,” said Mr. Blick. “This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council (“GCC”) region, and support Abu Dhabi’s strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.” The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.”

“Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,” continued Mr. Blick. “Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter’s sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.”

“Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,” Mr. Blick stated.

Revenues

	For the year ended March 31,
in USD millions	2025	2024

Subscription and license fees	1.3	0.4
Advisory fees	0.3	0.2
Customization fees	0.4	0.7
Total	2.0	1.3

For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN.

Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics.

The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company’s strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects.

“We are focused on building long-term, sustainable growth across all of our service lines,” said Mr. Blick. “This year’s results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.”

General and Administrative Expenses

	For the year ended March 31,
in USD millions	2025	2024

Employee benefits	4.8	5.0
IT development and maintenance support	1.5	2.1
Audit fees	0.4	0.6
Professional fees	2.1	0.5
Travel and entertainment	0.4	0.5
Share based payments	0.4	–
Amortization and depreciation	0.1	0.1
Other	0.6	0.5
	10.3	9.3

For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company’s IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees.

Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors.

Balance Sheet Highlights

At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO.

The Company’s cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024.

The balance sheet at March 31, 2025, held no interest-bearing debt instruments.

“The strengthening of our balance sheet following our IPO marks an important milestone for the company,” concluded Mr. Blick. “This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.”

About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Diginex
Investor Relations
Email: ir@diginex.com

IR Contact – Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact – US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact – Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk


DIGINEX LIMITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS For the years ended 31 March 2024 and 2025

	Year ended	Year ended
	31 March 2025	31 March 2024
	USD	USD
Revenue	2,040,602	1,299,538
General and administrative expenses	(10,344,514)	(9,363,345)
OPERATING LOSS	(8,303,912)	(8,063,807)
Other income, gains or (losses)	3,501,200	3,753,988
Finance cost, net	(410,167)	(552,651)
LOSS BEFORE TAX	(5,212,879)	(4,862,470)
Income tax expense	–	(8,917)
LOSS FOR THE YEAR	(5,212,879)	(4,871,387)
OTHER COMPREHENSIVE INCOME (LOSS)
Items that may be reclassified subsequently to profit or loss:
Exchange gain (loss) on translation of foreign operations	30	(7,684)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	(5,212,849)	(4,879,071)

LOSS PER SHARE ATTRIBUTABLE TO THE ORDINARY EQUITY HOLDERS OF THE COMPANY
Basic loss per share	(0.33)	(0.51)

Diluted loss per share	(0.53)	(0.75)

DIGINEX LIMITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION At 31 March 2024 and 2025

	At 31 March 2025	At 31 March 2024
	USD	USD
ASSETS
Right-of-use assets	225,672	357,202
Rental deposit	45,463	35,431
Plant and equipment	–	–
Total non-current assets	271,135	392,633
Trade receivables, net	1,394,545	182,334
Contract assets	750	69,354
Other receivables, deposit and prepayment	1,066,191	253,476
Restricted bank balance	399,400	–
Cash and cash equivalents	3,111,141	76,620
Total current assets	5,972,027	581,784
LIABILITIES
Trade payables	(200,660)	(788,798)
Other payables and accruals	(706,874)	(596,870)
Tax payables	–	(8,917)
Deferred revenues	(505,424)	(322,826)
Due to a related company	(34,579)	(34,579)
Due to immediate holding company	–	(5,345,929)
Loans from immediate holding company	–	(1,930,993)
Loan from a related company	–	(1,140,931)
Lease liabilities, current	(126,808)	(122,076)
Convertible loan notes, current	–	(3,975,534)
Total current liabilities	(1,574,345)	(14,267,453)
Lease liabilities, net of current portion	(110,867)	(243,280)
Preferred shares	–	(9,359,000)
Convertible loan notes, net of current portion	–	(114,808)
Total non-current liabilities	(110,867)	(9,717,088)
Net current assets (liabilities)	4,397,682	(13,685,669)
Net assets (liabilities)	4,557,950	(23,010,124)
EQUITY (DEFICIT)
Share Capital	1,150	477
Share Premium	25,689,436	–
Capital reserve	5,126,150	3,752,192
Warrant reserve	79,263,200	–
Exchange reserve	(1,651)	(1,681)
Share option reserve	1,076,345	2,409,689
Accumulated losses	(106,596,680)	(29,170,801)
Total equity (deficit)	4,557,950	(23,010,124)

DIGINEX LIMITED CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended 31 March 2024 and 2025

	Year ended	Year ended
	31 March 2025	31 March 2024
	USD	USD
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation	(5,212,879)	(4,862,470)
Adjustments for:
Amortization – right-of-use assets	125,575	99,580
Depreciation – property, plant and equipment	–	3,696
Impairment losses (reversed) recognized in respect of trade receivables	(2,844)	(400)
Bad debt written off	12,064	21,522
Write-off of due from related company	–	81,347
Finance costs	410,167	552,651
Share option awards	859,685	1,352,835
Share-based payments expenses on anti-dilution issuance of preferred shares	369,648	–
IPO expenses charged to P&L	1,659,081	–
Net fair value loss of convertible loan notes	639,000	374,000
Net fair value loss of preferred shares	(4,117,648)	(4,101,000)
Operating cash flows before movements in working capital	(5,258,151)	(6,478,239)
Movements in working capital
Trade receivables	(1,221,431)	86,332
Other receivables, deposit and prepayment	(955,348)	(210,936)
Contract assets	68,604	(42,365)
Due from a related company	–	(39,815
Trade and other payables	(478,610)	841,155
Deferred revenue	182,598	(12,840)
Amount due to immediate holding company	–	–
Cash generated from operations	(7,662,338)	(5,856,708)
Income tax paid	(8,917)	–
Net cash used in operating activities	(7,671,255)	(5,856,708)
CASH FLOWS FROM INVESTING ACTIVITIES
Payment to rental deposit	(10,032)	–
Cash used in investing activities	(10,032)	–
CASH FLOWS FROM FINANCING ACTIVITIES
Issue of shares under global offerings	10,608,750	–
Payment of transaction costs of issue of new shares	(2,948,791)	–
Loans from immediate holding company	3,410,461	564,483
Advances from immediate holding company	713,719	5,345,423
Proceeds from shares issued	50	–
Proceeds from issuance of convertible loan notes	–	100,000
Loan from a related company	–	–
Repayment of due to immediate holding company	–	–
Repayment of lease liabilities	(138,962)	(109,754)
Placement of restricted bank balance	(399,400)	–
Repayment of loan from immediate holding company	(530,019)	(1,150,000)
Net cash generated from financing activities	10,715,808	4,750,152
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,034,521	(1,106,556)
Cash and cash equivalents at the beginning of the year	76,620	1,183,176
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	3,111,141	76,620

MIL-OSI: Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

LONDON, July 11, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025.

Fiscal Year ended March 31, 2025 Full-Year Highlights:

Revenues for the fiscal year ended March 31, 2025, increased 57% to $2.0 million driven primarily by an increase in software subscriptions and license fees.
Net loss for the fiscal year ended March 31, 2025, of $5.2 million, an increase of $0.3 million compared to the net loss of $4.9 million recorded in the prior year.
Transformed balance sheet with net assets of $4.6 million at March 31, 2025, compared to net liabilities of $23.0 million at March 31, 2024.
Completed Initial Public Offering (“IPO”) in January 2025.

Post Year End Strategic Highlights

Signed a memorandum of understanding on June 5, 2025 to acquire Resulticks Group Companies Pte Limited (“Resulticks”), subject to definitive agreements, in a transaction valued at approximately US$2 billion, to be primarily settled in Diginex ordinary shares. This combination leverages Resulticks’ real-time audience engagement, agentic AI framework, and global reach to drive sustainability, compliance, customer relationships, and collective growth.
Executed a memorandum of understanding on May 23, 2025, to acquire Matter DK ApS (“Matter”), subject to definitive agreements, for approximately US$13 million in an all-share deal. Management believes the acquisition of Matter will strengthen the Company’s sustainability data coverage, ESG analytics offerings, as well as its automated data collection capabilities.

Management Commentary

“The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,” said Mark Blick, Chief Executive Officer of Diginex Limited. “We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.”

“We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.”

“We’re also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,” said Mr. Blick. “This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council (“GCC”) region, and support Abu Dhabi’s strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.” The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.”

“Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,” continued Mr. Blick. “Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter’s sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.”

“Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,” Mr. Blick stated.

Revenues

	For the year ended March 31,
in USD millions	2025	2024

Subscription and license fees	1.3	0.4
Advisory fees	0.3	0.2
Customization fees	0.4	0.7
Total	2.0	1.3

For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN.

Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics.

The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company’s strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects.

“We are focused on building long-term, sustainable growth across all of our service lines,” said Mr. Blick. “This year’s results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.”

General and Administrative Expenses

	For the year ended March 31,
in USD millions	2025	2024

Employee benefits	4.8	5.0
IT development and maintenance support	1.5	2.1
Audit fees	0.4	0.6
Professional fees	2.1	0.5
Travel and entertainment	0.4	0.5
Share based payments	0.4	–
Amortization and depreciation	0.1	0.1
Other	0.6	0.5
	10.3	9.3

For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company’s IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees.

Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors.

Balance Sheet Highlights

At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO.

The Company’s cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024.

The balance sheet at March 31, 2025, held no interest-bearing debt instruments.

“The strengthening of our balance sheet following our IPO marks an important milestone for the company,” concluded Mr. Blick. “This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.”

About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.

The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

For more information, please visit the Company’s website: https://www.diginex.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

Diginex
Investor Relations
Email: ir@diginex.com

IR Contact – Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de

IR Contact – US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global

IR Contact – Asia
Shelly Cheng
Strategic Financial Relations Ltd.
Phone: +852 2864 4857
Email: sprg_diginex@sprg.com.hk


DIGINEX LIMITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE LOSS For the years ended 31 March 2024 and 2025

	Year ended	Year ended
	31 March 2025	31 March 2024
	USD	USD
Revenue	2,040,602	1,299,538
General and administrative expenses	(10,344,514)	(9,363,345)
OPERATING LOSS	(8,303,912)	(8,063,807)
Other income, gains or (losses)	3,501,200	3,753,988
Finance cost, net	(410,167)	(552,651)
LOSS BEFORE TAX	(5,212,879)	(4,862,470)
Income tax expense	–	(8,917)
LOSS FOR THE YEAR	(5,212,879)	(4,871,387)
OTHER COMPREHENSIVE INCOME (LOSS)
Items that may be reclassified subsequently to profit or loss:
Exchange gain (loss) on translation of foreign operations	30	(7,684)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR	(5,212,849)	(4,879,071)

LOSS PER SHARE ATTRIBUTABLE TO THE ORDINARY EQUITY HOLDERS OF THE COMPANY
Basic loss per share	(0.33)	(0.51)

Diluted loss per share	(0.53)	(0.75)

DIGINEX LIMITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION At 31 March 2024 and 2025

	At 31 March 2025	At 31 March 2024
	USD	USD
ASSETS
Right-of-use assets	225,672	357,202
Rental deposit	45,463	35,431
Plant and equipment	–	–
Total non-current assets	271,135	392,633
Trade receivables, net	1,394,545	182,334
Contract assets	750	69,354
Other receivables, deposit and prepayment	1,066,191	253,476
Restricted bank balance	399,400	–
Cash and cash equivalents	3,111,141	76,620
Total current assets	5,972,027	581,784
LIABILITIES
Trade payables	(200,660)	(788,798)
Other payables and accruals	(706,874)	(596,870)
Tax payables	–	(8,917)
Deferred revenues	(505,424)	(322,826)
Due to a related company	(34,579)	(34,579)
Due to immediate holding company	–	(5,345,929)
Loans from immediate holding company	–	(1,930,993)
Loan from a related company	–	(1,140,931)
Lease liabilities, current	(126,808)	(122,076)
Convertible loan notes, current	–	(3,975,534)
Total current liabilities	(1,574,345)	(14,267,453)
Lease liabilities, net of current portion	(110,867)	(243,280)
Preferred shares	–	(9,359,000)
Convertible loan notes, net of current portion	–	(114,808)
Total non-current liabilities	(110,867)	(9,717,088)
Net current assets (liabilities)	4,397,682	(13,685,669)
Net assets (liabilities)	4,557,950	(23,010,124)
EQUITY (DEFICIT)
Share Capital	1,150	477
Share Premium	25,689,436	–
Capital reserve	5,126,150	3,752,192
Warrant reserve	79,263,200	–
Exchange reserve	(1,651)	(1,681)
Share option reserve	1,076,345	2,409,689
Accumulated losses	(106,596,680)	(29,170,801)
Total equity (deficit)	4,557,950	(23,010,124)

DIGINEX LIMITED CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended 31 March 2024 and 2025

	Year ended	Year ended
	31 March 2025	31 March 2024
	USD	USD
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before taxation	(5,212,879)	(4,862,470)
Adjustments for:
Amortization – right-of-use assets	125,575	99,580
Depreciation – property, plant and equipment	–	3,696
Impairment losses (reversed) recognized in respect of trade receivables	(2,844)	(400)
Bad debt written off	12,064	21,522
Write-off of due from related company	–	81,347
Finance costs	410,167	552,651
Share option awards	859,685	1,352,835
Share-based payments expenses on anti-dilution issuance of preferred shares	369,648	–
IPO expenses charged to P&L	1,659,081	–
Net fair value loss of convertible loan notes	639,000	374,000
Net fair value loss of preferred shares	(4,117,648)	(4,101,000)
Operating cash flows before movements in working capital	(5,258,151)	(6,478,239)
Movements in working capital
Trade receivables	(1,221,431)	86,332
Other receivables, deposit and prepayment	(955,348)	(210,936)
Contract assets	68,604	(42,365)
Due from a related company	–	(39,815
Trade and other payables	(478,610)	841,155
Deferred revenue	182,598	(12,840)
Amount due to immediate holding company	–	–
Cash generated from operations	(7,662,338)	(5,856,708)
Income tax paid	(8,917)	–
Net cash used in operating activities	(7,671,255)	(5,856,708)
CASH FLOWS FROM INVESTING ACTIVITIES
Payment to rental deposit	(10,032)	–
Cash used in investing activities	(10,032)	–
CASH FLOWS FROM FINANCING ACTIVITIES
Issue of shares under global offerings	10,608,750	–
Payment of transaction costs of issue of new shares	(2,948,791)	–
Loans from immediate holding company	3,410,461	564,483
Advances from immediate holding company	713,719	5,345,423
Proceeds from shares issued	50	–
Proceeds from issuance of convertible loan notes	–	100,000
Loan from a related company	–	–
Repayment of due to immediate holding company	–	–
Repayment of lease liabilities	(138,962)	(109,754)
Placement of restricted bank balance	(399,400)	–
Repayment of loan from immediate holding company	(530,019)	(1,150,000)
Net cash generated from financing activities	10,715,808	4,750,152
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	3,034,521	(1,106,556)
Cash and cash equivalents at the beginning of the year	76,620	1,183,176
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR	3,111,141	76,620

MIL-OSI China: Paired assistance transforms desert-edge village in NW China’s Xinjiang

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

As summer draws crowds to Hotan County in northwest China’s Xinjiang Uygur Autonomous Region, Daoxiang Village comes alive with the rich aroma of lamb and corn dishes. Visitors from across China fill its restaurants, homestays and craft shops.

Located on the southern rim of China’s vast Taklimakan Desert, Daoxiang Village, with its name literally meaning Rice Fragrance Village, was once a traditional farming village with a long history of rice cultivation. However, in recent years, it has transformed into a vibrant rural tourist destination.

This notable change is a direct result of China’s long-running “paired assistance” program, under which 18 provincial-level regions and the southern Chinese tech hub of Shenzhen support the development of Xinjiang.

Since 2021, Beijing’s aid projects, including a multi-million yuan investment to establish a “rural complex with folk culture,” have helped upgrade Daoxiang Village’s infrastructure — improving water, electricity, roads and gas.

Renovations of 219 houses, meanwhile, preserved the traditional Uygur Aywan architectural style, a hallmark of local residential design, but also integrated modern comforts in this process.

Early adopters of these upgrades, Gheyret Roziemet and Patime Bak, who are a couple, were inspired after visiting successful rural tourism sites in Kashgar and Ili, also in Xinjiang. Encouraged by local officials and the village support team, they also chose to turn their home into a homestay business.

The couple took out loans to finance the required renovations, keeping the original wooden beams and brick walls while adding bright glass windows, grape arbors and flower beds.

Patime Bak manages the homestay kitchen, roasting lamb and serving mutton soup, while the couple together cultivate corn used to prepare traditional farm-style corn dishes that are proving popular with visitors, thereby boosting their income.

“Now as a boss, I earn several times more monthly than when I worked as a laborer,” Patime Bak said with a smile.

During peak seasons, their courtyard often fills with diners enjoying sunset views across the desert, savoring the rich aroma of roasted lamb amid the rustling of rice stalks.

Today, by leasing their farmland to others and running the homestay, the couple’s annual household income reaches over 200,000 yuan (about 27,982 U.S. dollars). They are planning to renovate an adjacent unused house and use it as an additional guesthouse next year, to welcome even more guests.

Thanks to local rural revitalization policies, committed local officials and continuous funding support from Beijing, more than 1,000 residents in the village now find employment through an “agriculture plus tourism” model, running restaurants, guesthouses and craft shops.

Amyna Gheyret, a local agritainment business owner, said with gratitude: “Thanks to Beijing’s aid, our villagers have work and incomes. My family earns around 5,000 yuan monthly now. With tourism, our wallets keep getting fuller.”

Daoxiang Village’s transformation exemplifies the profound urban-rural changes spurred by China’s paired assistance efforts in Xinjiang.

Launched in 1997 and significantly expanded in 2010, this cross-regional initiative has funneled resources into local development. It has become a cornerstone strategy for boosting prosperity and promoting unity in China’s vast western regions.

This policy provides financial resources, technical expertise and talent from more developed eastern regions to boost Xinjiang’s development.

Beyond Daoxiang Village, similar stories of transformation are unfolding across Xinjiang under the paired assistance program. In Hotan, a textile project supported by Beijing and south China’s Guangdong Province has created over 700 jobs in its first phase alone, empowering locals like Zulaya Tursuntohti with stable employment and technical skills.

Meanwhile, in Aksu, digital empowerment is reshaping rural livelihoods. E-commerce incubators launched with help from the city of Hangzhou in east China, have trained over 9,500 locals in livestreaming and online sales.

Over the past few years, numerous aid projects, ranging from automated planting workshops to textile enterprises and modern cultural tourism sites, have taken root across farming and herding areas, injecting vital momentum into local economic and social development.

“It’s all thanks to good rural revitalization policies, hardworking county officials and the help from aid funds,” said Patime Bak, “That’s how we got the good life we have now.”

Click here to view the completed contract

MIL-OSI: Binance users turn to RICH Miner: a new strategy to easily earn cryptocurrencies

Source: GlobeNewswire (MIL-OSI)

The volatility of the crypto market has spawned a revolution in returns, and cloud mining is becoming a new destination for the overflow of exchange users’ assets.

Seattle, Washington, July 11, 2025 (GLOBE NEWSWIRE) — the price of Bitcoin is in the range of $117,700, and institutional investors’ expectations of breaking through $180,000 by the end of the year continue to rise.

In this seemingly prosperous but risky market, a silent migration trend is spreading among Binance users – more and more investors are turning their exchange assets to cloud mining platforms such as RICH Miner to seek stable daily returns.

RICH Miner creates a revenue upgrade channel for Binance users:

RICH Miner is headquartered in London, UK. It is an intelligent cryptocurrency mining platform for global users. Relying on 120 large mining farms around the world and 100% renewable energy (wind and solar) power supply, combined with AI computing power scheduling system, it is committed to providing investors with low-threshold, high-return digital asset value-added solutions.

RICH Miner provides a variety of mining solutions, real-time revenue settlement and multi-wallet support, truly achieving “easy mining, stable money making”, and is an ideal choice for users pursuing passive income and asset growth.

Why are more and more Binance users choosing RICH Miner?

1. No need to transfer coins to the exchange, just top up the cryptocurrency from the Binance wallet to participate;

2. Daily settlement mechanism, flexible funds, clear and transparent returns;

3. Diversified contracts, from short-term experience to high-yield long-term plans, everything is available;

The fully automated mining process is suitable for all users and does not require complicated operations.

Actual example: From Binance recharge to daily income, only four steps are needed

1. Register a RICH Miner account (activate $15 new user reward);

2. Withdraw BTC/USDT from Binance to the platform recharge address (supports seamless conversion of multiple currencies);

3. Select the contract: the user logs in to RICH Miner and selects the appropriate cloud mining contract level;

Contract Type	Contract Price	Contract duration	Daily income	Total revenue
Daily Sign-in Rewards	$15	1	$0.6	$15+$0.6
New User Experience Contract	$100	2	$3	$100.00 + $6
Canaan Avalon A15XP	$600	8	$7.20	$500.00 + $57.60
Bitdeer SealMiner A2	$1,300	13	$17.30	$1300.00 + $221.39
Bitmain Antminer L7	$3,000	17	$42.30	$3000.00 + $719.10
Bitmain Antminer S21 Immersion	$5,000	24	$75.00	$5000.00 + $1800.00
Bitmain Antminer L9	$12,000	32	$204.00	$12000.00 + $6528.00

Start earning coins: After the contract is launched, you can get stable income every day, which will be automatically deposited into the account balance. Once the minimum threshold is reached, you can withdraw it to Binance or other wallets at any time.

A new generation of asset appreciation: from “trading” to “creation”

Binance solves the problems of “buying coins” and “trading”, while RICH Miner solves the problem of “how to make money with coins”. More and more experienced investors realize that instead of waiting for the market to rise, it is better to let the assets in their hands create stable returns for themselves every day. Through RICH Miner, Binance users do not need to leave the original ecosystem, they only need to “migrate strategies” to upgrade their wealth appreciation model.

Conclusion: RICH Miner, a new choice for Binance users

From trading platforms to cloud mining services, investors are gradually entering a new era of “light operation and high returns”. RICH Miner has become a new strategic platform for asset allocation for many Binance users with its advantages of intelligence, transparency and high returns.

If you also want to say goodbye to inefficient financial management returns, you might as well join RICH Miner like many pioneers and let crypto assets create real passive income for you every day.

Customer Service Email: info@richminer.com

Official Website Link: https://richminer.com

Attachment

RICH Miner

Click here to view the completed contract

MIL-OSI: Binance users turn to RICH Miner: a new strategy to easily earn cryptocurrencies

Source: GlobeNewswire (MIL-OSI)

The volatility of the crypto market has spawned a revolution in returns, and cloud mining is becoming a new destination for the overflow of exchange users’ assets.

Seattle, Washington, July 11, 2025 (GLOBE NEWSWIRE) — the price of Bitcoin is in the range of $117,700, and institutional investors’ expectations of breaking through $180,000 by the end of the year continue to rise.

In this seemingly prosperous but risky market, a silent migration trend is spreading among Binance users – more and more investors are turning their exchange assets to cloud mining platforms such as RICH Miner to seek stable daily returns.

RICH Miner creates a revenue upgrade channel for Binance users:

RICH Miner is headquartered in London, UK. It is an intelligent cryptocurrency mining platform for global users. Relying on 120 large mining farms around the world and 100% renewable energy (wind and solar) power supply, combined with AI computing power scheduling system, it is committed to providing investors with low-threshold, high-return digital asset value-added solutions.

RICH Miner provides a variety of mining solutions, real-time revenue settlement and multi-wallet support, truly achieving “easy mining, stable money making”, and is an ideal choice for users pursuing passive income and asset growth.

Why are more and more Binance users choosing RICH Miner?

1. No need to transfer coins to the exchange, just top up the cryptocurrency from the Binance wallet to participate;

2. Daily settlement mechanism, flexible funds, clear and transparent returns;

3. Diversified contracts, from short-term experience to high-yield long-term plans, everything is available;

The fully automated mining process is suitable for all users and does not require complicated operations.

Actual example: From Binance recharge to daily income, only four steps are needed

1. Register a RICH Miner account (activate $15 new user reward);

2. Withdraw BTC/USDT from Binance to the platform recharge address (supports seamless conversion of multiple currencies);

3. Select the contract: the user logs in to RICH Miner and selects the appropriate cloud mining contract level;

Contract Type	Contract Price	Contract duration	Daily income	Total revenue
Daily Sign-in Rewards	$15	1	$0.6	$15+$0.6
New User Experience Contract	$100	2	$3	$100.00 + $6
Canaan Avalon A15XP	$600	8	$7.20	$500.00 + $57.60
Bitdeer SealMiner A2	$1,300	13	$17.30	$1300.00 + $221.39
Bitmain Antminer L7	$3,000	17	$42.30	$3000.00 + $719.10
Bitmain Antminer S21 Immersion	$5,000	24	$75.00	$5000.00 + $1800.00
Bitmain Antminer L9	$12,000	32	$204.00	$12000.00 + $6528.00

Start earning coins: After the contract is launched, you can get stable income every day, which will be automatically deposited into the account balance. Once the minimum threshold is reached, you can withdraw it to Binance or other wallets at any time.

A new generation of asset appreciation: from “trading” to “creation”

Binance solves the problems of “buying coins” and “trading”, while RICH Miner solves the problem of “how to make money with coins”. More and more experienced investors realize that instead of waiting for the market to rise, it is better to let the assets in their hands create stable returns for themselves every day. Through RICH Miner, Binance users do not need to leave the original ecosystem, they only need to “migrate strategies” to upgrade their wealth appreciation model.

Conclusion: RICH Miner, a new choice for Binance users

From trading platforms to cloud mining services, investors are gradually entering a new era of “light operation and high returns”. RICH Miner has become a new strategic platform for asset allocation for many Binance users with its advantages of intelligence, transparency and high returns.

If you also want to say goodbye to inefficient financial management returns, you might as well join RICH Miner like many pioneers and let crypto assets create real passive income for you every day.

Customer Service Email: info@richminer.com

Official Website Link: https://richminer.com

Attachment

RICH Miner

MIL-OSI: Cryptocurrency Market Rises as BAY Miner Offers Passive Cloud Mining

Source: GlobeNewswire (MIL-OSI)

Denver, Colorado, July 11, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market strengthens, Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other currencies have continued to rise recently. More and more institutional and individual investors hope to participate in the crypto market in a low-threshold way without the need for complex technology and expensive equipment investment.

As a leading green cloud mining platform, BAY Miner uses AI computing power allocation optimization and renewable energy to allow users to easily mine BTC, ETH and SOL without equipment and achieve daily passive crypto income.

“The current rise in the crypto market reflects investors’ confidence in digital assets, and BAY Miner is committed to making crypto mining easy for everyone to participate in.” A BAY Miner spokesperson said, “Users can benefit from the market without having to purchase and maintain expensive equipment, while supporting sustainable development.”

Market Trend Alignment
The crypto market continues its upward trajectory, supported by developments like ReserveOne’s plan to raise over $1 billion through a Nasdaq listing, and increased institutional investment in digital assets. This growth, combined with rising adoption of crypto-friendly policies and new ETF filings, signals a prime opportunity for investors to accumulate crypto assets through cloud mining during bullish cycles.

Technical advantages
BAY Miner applies AI-driven computing power allocation optimization to improve mining efficiency while reducing energy consumption. The platform’s equipment-free mode eliminates the noise, heat dissipation and maintenance burden in traditional mining, reduces operating costs and carbon footprint through advanced cooling systems and renewable energy, and is in line with ESG investment concepts and sustainable development goals.

Why choose BAY Miner
1. No equipment, no technical threshold
BAY Miner provides cloud mining services with hardware maintenance-free. Users do not need to buy expensive mining machines, nor do they need to manage noise, heat dissipation and complex configurations. They can easily participate in crypto mining through mobile phones or computers.

2. AI computing power optimization, efficient mining
BAY Miner uses AI-driven computing power allocation optimization technology to help users automatically adjust mining efficiency and obtain the best returns, which is much higher than ordinary non-optimized mining efficiency.

3. Green energy and sustainable mining
The platform uses renewable energy and advanced cooling systems to reduce energy consumption and carbon emissions, which is in line with the ESG sustainable investment concept, allowing users to earn passive crypto income while supporting environmental protection.

4. Daily passive income, flexible withdrawal or reinvestment
Users can obtain daily automatically settled passive crypto income through BAY Miner, and flexibly choose to withdraw or reinvest, so that small funds can also accumulate assets such as BTC, ETH, SOL, etc. for a long time.

5. Real-time transparent monitoring
Users can view the mining progress and income in real time through the BAY Miner platform. All income details are transparent and traceable, ensuring the safety of users’ funds and transparency of income.

6. Seize the opportunity of rising crypto market
In the rising cycle of BTC, ETH, SOL and other cryptocurrency markets, BAY Miner cloud mining helps users seize the market dividends with a low threshold and accumulate crypto assets steadily.

How BAY Miner works
The BAY Miner platform supports users:
– Visit https://bayminer.com and register an account via email.
– Select the appropriate BTC, ETH, SOL cloud mining contract.
– Automatically receive crypto income every day without purchasing equipment.
– View income in real time and choose to reinvest to achieve compound growth.

User Scenarios

BAY Miner helps crypto enthusiasts earn passive crypto income without hardware or technical barriers. Students and young professionals can accumulate Bitcoin, Ethereum, and SOL while focusing on studies or careers. Freelancers use BAY Miner to generate steady crypto earnings as an additional income stream.
As the crypto market rises, long-term investors use BAY Miner’s AI-powered, hardware-free cloud mining to grow their crypto portfolios with low operational costs. With daily payouts and transparent monitoring, BAY Miner enables retail investors to mine crypto responsibly and sustainably, turning market momentum into reliable asset growth.
Future Outlook
As the crypto market strengthens and institutional capital continues to flow in, BAY Miner offers an accessible, low-barrier way for investors to participate in crypto mining and accumulate digital assets responsibly and sustainably.
More information:
Official website:https://bayminer.com
Email: info@bayminer.com
Click here to download the mobile app now

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks. There is a possibility of financial loss. You are advised to perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

Attachment

MIL-OSI: First Bancshares, Inc. Announces Operating Results for Quarter Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

MOUNTAIN GROVE, Mo., July 11, 2025 (GLOBE NEWSWIRE) — First Bancshares, Inc. (OTCQX: FBSI) (“Company”), the holding company for Stockmens Bank (“Bank”), today announced its unaudited financial results for the quarter ended June 30, 2025.

For the second quarter of 2025, the Company reported after-tax net income of $1,824,000 or $0.75 per share-diluted compared to $1,630,000 or $0.67 per share-diluted for the same period in 2024. Net income for the second quarter of 2025 represents an after-tax return on average assets of 1.36% and an after-tax return on equity of 11.82%. These earnings ratios repeated their recent trend of outperformance despite an atypical $7.5 million increase in asset size due to an arbitrage play and strategic stockpiling of capital reserves.

Since June 30, 2024, the Company experienced growth in all major balance sheet categories aside from investment securities with consolidated total assets increasing $27.3 million to $544.1 million, cash & cash equivalents increasing $13.0 million to $55.8 million, and net loans receivable increasing $15.9 million to $445.3 million. Total deposits increased $13.4 million to $468.3 million, and stockholders’ equity increased $6.3 million to $62.3 million.

Through the second quarter of 2025, the Company has made significant efforts to fortify its balance sheet. Liquidity remains robust with excess cash being deployed into high-quality loan assets, earning asset yields rose, costs of funds has been kept in check, asset quality improved from already impressive levels, and capital ratios developed to a level that affords the Company the flexibility to pursue growth opportunities as they arise.

The Bank meets all regulatory requirements for “well-capitalized” status.

About the Company

First Bancshares, Inc. is the holding company for Stockmens Bank, a FDIC-insured commercial bank chartered by the State of Colorado that conducts business from its home office in Colorado Springs, Colorado, and eight full-service Missouri offices in Mountain Grove, Marshfield, Ava, Kissee Mills, Gainesville, Crane, Hartville and Springfield, and full-service offices in Bartley, Nebraska and Akron, Colorado.

Cautionary Note Regarding Forward-Looking Statements

The Company and its wholly owned subsidiary, Stockmens Bank, may from time to time make written or oral “forward-looking statements” in its reports to shareholders, and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to the Company’s beliefs, expectations, estimates and intentions that are subject to significant risks and uncertainties, and are subject to change based on various factors, some of which are beyond the Company’s control. Such statements address the following subjects: future operating results; customer growth and retention; loan and other product demand; earnings growth and expectations; new products and services; credit quality and adequacy of reserves; results of examinations by our bank regulators, technology, and our employees. The following factors, among others, could cause the Company’s financial performance to differ materially from the expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Company conducts operations; the effects of, and changes in, trade, monetary, and fiscal policies and laws, including interest rate policies of the Federal Reserve Board; inflation, interest rate, market, and monetary fluctuations; the timely development and acceptance of new products and services of the Company and the perceived overall value of these products and services by users; the impact of changes in financial services’ laws and regulations; technological changes; acquisitions; changes in consumer spending and savings habits; and the success of the Company at managing and collecting assets of borrowers in default and managing the risks of the foregoing.

The foregoing list of factors is not exclusive. The Company does not undertake, and expressly disclaims any intent or obligation, to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

Contact: Robert M. Alexander, Chairman and CEO – (719) 955-2800

First Bancshares, Inc. and Subsidiaries
Financial Highlights
(unaudited)
(In thousands, except per share amounts)


		Quarter Ended				Six Months Ended
		June 30,				June 30,
			2025	2024		2025		2024
Operating Data:

Total interest income		$	8,407	$	8,013	$	16,371	$	16,154
Total interest expense			2,411		2,689		4,721		5,486
	Net interest income		5,996		5,324		11,650		10,668
Provision for credit losses			61		141		239		343
	Net interest income after provision for credit losses		5,935		5,183		11,411		10,325
Gain (loss) on sale of investments			–		–		–		–
Non-interest income			474		410		835		786
Non-interest expense			4,014		3,434		7,597		6,757
Income before taxes			2,395		2,159		4,649		4,354
Income tax expense			571		529		1,133		1,071
	Net income	$	1,824	$	1,630	$	3,516	$	3,283

	Earnings per share	$	0.75	$	0.67	$	1.46	$	1.35

		At		At		At
		June 30,		December 31,		June 30,
Financial Condition Data:			2025		2024		2024

Cash and cash equivalents		$	55,758	$	68,570	$	42,769
	(excludes CDs)
Investment securities			13,421		13,066		12,966
	(includes CDs)
Loans receivable, net			445,372		423,657		429,444
Goodwill and intangibles			1,443		1,515		1,586
Total assets			544,072		537,885		516,784
Deposits			468,345		472,596		454,992
Repurchase agreements			1,102		1,084		1,601
Borrowings			7,500		–		–
Stockholders’ equity			62,336		59,562		56,037
Book value per share		$	25.68	$	24.53	$	23.08

For more contracts, please log in to Mint Miner

MIL-OSI: Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

Source: GlobeNewswire (MIL-OSI)

Los Angeles, CA, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin, the world’s largest cryptocurrency, soared to a high of $118,000 during Asian trading hours on Friday, and has risen by more than 24% so far this year.

Driven by favorable factors such as the launch of Bitcoin ETFs and continued institutional entry, Strategy (MSTR), the listed company with the largest number of Bitcoin holders, saw its stock price rise by more than 3%, and BlackRock iShares Bitcoin Trust ETF (IBIT) rose by 4%. Cryptocurrency exchange Coinbase (COIN) rose by 2.5%. In Europe, the Blockchain Group (ALTBG), which is also building a Bitcoin vault, soared by 12%.

Mint Miner CEO said: “Bitcoin’s record high is driven by continued institutional holdings – major players are absorbing a large amount of supply and exhausting liquidity on exchanges.”

In the face of a good situation, investor confidence has recovered and they are beginning to look for more stable and sustainable ways to make profits in crypto. Therefore, cloud mining, as a model that “does not require cryptocurrency speculation and is not affected by drastic price fluctuations”, has begun to attract attention.

Among them, Mint Miner, as a leader in the field of cloud mining, has quickly won the favor of users around the world with its green and energy-saving data center and smart and friendly mobile platform. Compared with traditional mining or high-frequency trading, Mint Miner provides a low-threshold, low-risk, and sustainable path to increase the value of encrypted assets.

What are the advantages of Mint Miner cloud mining platform?
Legal and compliant: fully compliant with British and global standards – your trust is our foundation.
Security guarantee: The platform integrates McAfee® security and Cloudflare® protection to protect the security of user data and smooth mining.
Zero management fee: no tricks, no hidden fees. The mining process is clean, transparent, honest, reliable, and completely transparent.
Supported currencies: supports a variety of mainstream cryptocurrencies, such as Bitcoin, DOGE, ETH, LTC, etc.
Free experience: new users can get a $15 reward by signing up, experience mining for free, and earn $0.6 by signing in daily.

How to start cloud mining with Mint Miner?
1. All you need is a username and email address. Once you sign up, you can access the Mint Miner user dashboard to view your mining data in real time.
2. Mint Miner offers a variety of contract options to meet the needs of different users. Each contract guarantees a fixed return and daily income, ensuring a transparent and profitable mining experience. Here are some contract options:
BTC [New User Experience Contract]: Investment amount: $100, contract period: 2 days, maturity income: $100 + $10
BTC [WhatsMiner M50S]: Investment amount: $500, contract period: 5 days, maturity income: $500 + $30.5
DOGE [Bitcoin Miner S19 XP+ Hyd]: Investment amount: $1,500, contract period: 9 days, maturity income: $1,500 + $178.2
ETC [ETC Miner E11]: Investment amount: $3,000, contract period: 15 days, maturity income: $3,000 + $630
DGOE [Antminer L7 ]: Investment amount: $5,200, contract period: 20 days, maturity income: $5,200 + $1,612
BTC [ALPH Miner AL1]: Investment amount: $10,000, contract period: 35 days, maturity income: $10,000 + $5,880

3. After successfully purchasing the mining contract, the system will automatically run, and the daily settlement income will be credited to your account, allowing you to easily enjoy daily Bitcoin income.

In the current market environment, cloud mining provides the most direct way to participate in the Bitcoin network. Compared with directly purchasing cryptocurrencies, you can obtain continuous daily income through Mint Miner, which is why Mint Miner is favored by a large number of users. It not only represents a new way to “easily obtain digital income”, but also conforms to the current “green, compliant, and sustainable” investment proposition.

If the market price is an uncontrollable external variable, computing power is the tool you can control for daily income.

Now the surge in Bitcoin is not only the global market’s recognition of cryptocurrency, but also a turning point for the appreciation of personal assets. Mint Miner uses intelligent cloud mining, so you don’t need to speculate in Bitcoin, and you can automatically obtain stable income every day.

Join Mint Miner now, let your digital assets grow every day, and easily move towards financial freedom!

Media Contact and Cooperation:
MintMiner Official Team
Email: info@mintminer.com
Official Website: https://mintminer.com

Attachment

For more contracts, please log in to Mint Miner

MIL-OSI: Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

Source: GlobeNewswire (MIL-OSI)

Los Angeles, CA, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin, the world’s largest cryptocurrency, soared to a high of $118,000 during Asian trading hours on Friday, and has risen by more than 24% so far this year.

Driven by favorable factors such as the launch of Bitcoin ETFs and continued institutional entry, Strategy (MSTR), the listed company with the largest number of Bitcoin holders, saw its stock price rise by more than 3%, and BlackRock iShares Bitcoin Trust ETF (IBIT) rose by 4%. Cryptocurrency exchange Coinbase (COIN) rose by 2.5%. In Europe, the Blockchain Group (ALTBG), which is also building a Bitcoin vault, soared by 12%.

Mint Miner CEO said: “Bitcoin’s record high is driven by continued institutional holdings – major players are absorbing a large amount of supply and exhausting liquidity on exchanges.”

In the face of a good situation, investor confidence has recovered and they are beginning to look for more stable and sustainable ways to make profits in crypto. Therefore, cloud mining, as a model that “does not require cryptocurrency speculation and is not affected by drastic price fluctuations”, has begun to attract attention.

Among them, Mint Miner, as a leader in the field of cloud mining, has quickly won the favor of users around the world with its green and energy-saving data center and smart and friendly mobile platform. Compared with traditional mining or high-frequency trading, Mint Miner provides a low-threshold, low-risk, and sustainable path to increase the value of encrypted assets.

What are the advantages of Mint Miner cloud mining platform?
Legal and compliant: fully compliant with British and global standards – your trust is our foundation.
Security guarantee: The platform integrates McAfee® security and Cloudflare® protection to protect the security of user data and smooth mining.
Zero management fee: no tricks, no hidden fees. The mining process is clean, transparent, honest, reliable, and completely transparent.
Supported currencies: supports a variety of mainstream cryptocurrencies, such as Bitcoin, DOGE, ETH, LTC, etc.
Free experience: new users can get a $15 reward by signing up, experience mining for free, and earn $0.6 by signing in daily.

How to start cloud mining with Mint Miner?
1. All you need is a username and email address. Once you sign up, you can access the Mint Miner user dashboard to view your mining data in real time.
2. Mint Miner offers a variety of contract options to meet the needs of different users. Each contract guarantees a fixed return and daily income, ensuring a transparent and profitable mining experience. Here are some contract options:
BTC [New User Experience Contract]: Investment amount: $100, contract period: 2 days, maturity income: $100 + $10
BTC [WhatsMiner M50S]: Investment amount: $500, contract period: 5 days, maturity income: $500 + $30.5
DOGE [Bitcoin Miner S19 XP+ Hyd]: Investment amount: $1,500, contract period: 9 days, maturity income: $1,500 + $178.2
ETC [ETC Miner E11]: Investment amount: $3,000, contract period: 15 days, maturity income: $3,000 + $630
DGOE [Antminer L7 ]: Investment amount: $5,200, contract period: 20 days, maturity income: $5,200 + $1,612
BTC [ALPH Miner AL1]: Investment amount: $10,000, contract period: 35 days, maturity income: $10,000 + $5,880

3. After successfully purchasing the mining contract, the system will automatically run, and the daily settlement income will be credited to your account, allowing you to easily enjoy daily Bitcoin income.

In the current market environment, cloud mining provides the most direct way to participate in the Bitcoin network. Compared with directly purchasing cryptocurrencies, you can obtain continuous daily income through Mint Miner, which is why Mint Miner is favored by a large number of users. It not only represents a new way to “easily obtain digital income”, but also conforms to the current “green, compliant, and sustainable” investment proposition.

If the market price is an uncontrollable external variable, computing power is the tool you can control for daily income.

Now the surge in Bitcoin is not only the global market’s recognition of cryptocurrency, but also a turning point for the appreciation of personal assets. Mint Miner uses intelligent cloud mining, so you don’t need to speculate in Bitcoin, and you can automatically obtain stable income every day.

Join Mint Miner now, let your digital assets grow every day, and easily move towards financial freedom!

Media Contact and Cooperation:
MintMiner Official Team
Email: info@mintminer.com
Official Website: https://mintminer.com

Attachment

For more contracts, please log in to Mint Miner

MIL-OSI: Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

Source: GlobeNewswire (MIL-OSI)

Los Angeles, CA, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin, the world’s largest cryptocurrency, soared to a high of $118,000 during Asian trading hours on Friday, and has risen by more than 24% so far this year.

Driven by favorable factors such as the launch of Bitcoin ETFs and continued institutional entry, Strategy (MSTR), the listed company with the largest number of Bitcoin holders, saw its stock price rise by more than 3%, and BlackRock iShares Bitcoin Trust ETF (IBIT) rose by 4%. Cryptocurrency exchange Coinbase (COIN) rose by 2.5%. In Europe, the Blockchain Group (ALTBG), which is also building a Bitcoin vault, soared by 12%.

Mint Miner CEO said: “Bitcoin’s record high is driven by continued institutional holdings – major players are absorbing a large amount of supply and exhausting liquidity on exchanges.”

In the face of a good situation, investor confidence has recovered and they are beginning to look for more stable and sustainable ways to make profits in crypto. Therefore, cloud mining, as a model that “does not require cryptocurrency speculation and is not affected by drastic price fluctuations”, has begun to attract attention.

Among them, Mint Miner, as a leader in the field of cloud mining, has quickly won the favor of users around the world with its green and energy-saving data center and smart and friendly mobile platform. Compared with traditional mining or high-frequency trading, Mint Miner provides a low-threshold, low-risk, and sustainable path to increase the value of encrypted assets.

What are the advantages of Mint Miner cloud mining platform?
Legal and compliant: fully compliant with British and global standards – your trust is our foundation.
Security guarantee: The platform integrates McAfee® security and Cloudflare® protection to protect the security of user data and smooth mining.
Zero management fee: no tricks, no hidden fees. The mining process is clean, transparent, honest, reliable, and completely transparent.
Supported currencies: supports a variety of mainstream cryptocurrencies, such as Bitcoin, DOGE, ETH, LTC, etc.
Free experience: new users can get a $15 reward by signing up, experience mining for free, and earn $0.6 by signing in daily.

How to start cloud mining with Mint Miner?
1. All you need is a username and email address. Once you sign up, you can access the Mint Miner user dashboard to view your mining data in real time.
2. Mint Miner offers a variety of contract options to meet the needs of different users. Each contract guarantees a fixed return and daily income, ensuring a transparent and profitable mining experience. Here are some contract options:
BTC [New User Experience Contract]: Investment amount: $100, contract period: 2 days, maturity income: $100 + $10
BTC [WhatsMiner M50S]: Investment amount: $500, contract period: 5 days, maturity income: $500 + $30.5
DOGE [Bitcoin Miner S19 XP+ Hyd]: Investment amount: $1,500, contract period: 9 days, maturity income: $1,500 + $178.2
ETC [ETC Miner E11]: Investment amount: $3,000, contract period: 15 days, maturity income: $3,000 + $630
DGOE [Antminer L7 ]: Investment amount: $5,200, contract period: 20 days, maturity income: $5,200 + $1,612
BTC [ALPH Miner AL1]: Investment amount: $10,000, contract period: 35 days, maturity income: $10,000 + $5,880

3. After successfully purchasing the mining contract, the system will automatically run, and the daily settlement income will be credited to your account, allowing you to easily enjoy daily Bitcoin income.

In the current market environment, cloud mining provides the most direct way to participate in the Bitcoin network. Compared with directly purchasing cryptocurrencies, you can obtain continuous daily income through Mint Miner, which is why Mint Miner is favored by a large number of users. It not only represents a new way to “easily obtain digital income”, but also conforms to the current “green, compliant, and sustainable” investment proposition.

If the market price is an uncontrollable external variable, computing power is the tool you can control for daily income.

Now the surge in Bitcoin is not only the global market’s recognition of cryptocurrency, but also a turning point for the appreciation of personal assets. Mint Miner uses intelligent cloud mining, so you don’t need to speculate in Bitcoin, and you can automatically obtain stable income every day.

Join Mint Miner now, let your digital assets grow every day, and easily move towards financial freedom!

Media Contact and Cooperation:
MintMiner Official Team
Email: info@mintminer.com
Official Website: https://mintminer.com

Attachment

For more contracts, please log in to Mint Miner

MIL-OSI: Bitcoin surge triggers investment boom in Europe and America, investors flock to Mint Miner

Source: GlobeNewswire (MIL-OSI)

Los Angeles, CA, July 11, 2025 (GLOBE NEWSWIRE) — Bitcoin, the world’s largest cryptocurrency, soared to a high of $118,000 during Asian trading hours on Friday, and has risen by more than 24% so far this year.

Driven by favorable factors such as the launch of Bitcoin ETFs and continued institutional entry, Strategy (MSTR), the listed company with the largest number of Bitcoin holders, saw its stock price rise by more than 3%, and BlackRock iShares Bitcoin Trust ETF (IBIT) rose by 4%. Cryptocurrency exchange Coinbase (COIN) rose by 2.5%. In Europe, the Blockchain Group (ALTBG), which is also building a Bitcoin vault, soared by 12%.

Mint Miner CEO said: “Bitcoin’s record high is driven by continued institutional holdings – major players are absorbing a large amount of supply and exhausting liquidity on exchanges.”

In the face of a good situation, investor confidence has recovered and they are beginning to look for more stable and sustainable ways to make profits in crypto. Therefore, cloud mining, as a model that “does not require cryptocurrency speculation and is not affected by drastic price fluctuations”, has begun to attract attention.

Among them, Mint Miner, as a leader in the field of cloud mining, has quickly won the favor of users around the world with its green and energy-saving data center and smart and friendly mobile platform. Compared with traditional mining or high-frequency trading, Mint Miner provides a low-threshold, low-risk, and sustainable path to increase the value of encrypted assets.

What are the advantages of Mint Miner cloud mining platform?
Legal and compliant: fully compliant with British and global standards – your trust is our foundation.
Security guarantee: The platform integrates McAfee® security and Cloudflare® protection to protect the security of user data and smooth mining.
Zero management fee: no tricks, no hidden fees. The mining process is clean, transparent, honest, reliable, and completely transparent.
Supported currencies: supports a variety of mainstream cryptocurrencies, such as Bitcoin, DOGE, ETH, LTC, etc.
Free experience: new users can get a $15 reward by signing up, experience mining for free, and earn $0.6 by signing in daily.

How to start cloud mining with Mint Miner?
1. All you need is a username and email address. Once you sign up, you can access the Mint Miner user dashboard to view your mining data in real time.
2. Mint Miner offers a variety of contract options to meet the needs of different users. Each contract guarantees a fixed return and daily income, ensuring a transparent and profitable mining experience. Here are some contract options:
BTC [New User Experience Contract]: Investment amount: $100, contract period: 2 days, maturity income: $100 + $10
BTC [WhatsMiner M50S]: Investment amount: $500, contract period: 5 days, maturity income: $500 + $30.5
DOGE [Bitcoin Miner S19 XP+ Hyd]: Investment amount: $1,500, contract period: 9 days, maturity income: $1,500 + $178.2
ETC [ETC Miner E11]: Investment amount: $3,000, contract period: 15 days, maturity income: $3,000 + $630
DGOE [Antminer L7 ]: Investment amount: $5,200, contract period: 20 days, maturity income: $5,200 + $1,612
BTC [ALPH Miner AL1]: Investment amount: $10,000, contract period: 35 days, maturity income: $10,000 + $5,880

3. After successfully purchasing the mining contract, the system will automatically run, and the daily settlement income will be credited to your account, allowing you to easily enjoy daily Bitcoin income.

In the current market environment, cloud mining provides the most direct way to participate in the Bitcoin network. Compared with directly purchasing cryptocurrencies, you can obtain continuous daily income through Mint Miner, which is why Mint Miner is favored by a large number of users. It not only represents a new way to “easily obtain digital income”, but also conforms to the current “green, compliant, and sustainable” investment proposition.

If the market price is an uncontrollable external variable, computing power is the tool you can control for daily income.

Now the surge in Bitcoin is not only the global market’s recognition of cryptocurrency, but also a turning point for the appreciation of personal assets. Mint Miner uses intelligent cloud mining, so you don’t need to speculate in Bitcoin, and you can automatically obtain stable income every day.

Join Mint Miner now, let your digital assets grow every day, and easily move towards financial freedom!

Media Contact and Cooperation:
MintMiner Official Team
Email: info@mintminer.com
Official Website: https://mintminer.com

Attachment

MIL-OSI Submissions: Africa – ATIDI Guarantee Backs Lending Consortium Led by BPR Bank Rwanda plc for Rwanda’s New International Airport, Boosting Regional Trade and Integration

Source: Media Fast

· ATIDI has approved a USD $84 million counter-guarantee to support issuance of bonds and guarantees for the construction of Rwanda’s New International Airport in Bugesera District.
· BPR Bank Rwanda Plc, acting as Mandated Lead Arranger and Facility Agent, leads a consortium of lenders enabling the transaction.
· The Project is a vital infrastructure that will accelerate Rwanda’s Vision 2050, its national strategy to become an upper-middle-income country by 2035 and a high-income economy by 2050.
· This transaction is aligned with ATIDI’s strategic focus on empowering its member states to deliver impactful, transformative investments that spur growth, sustainability and regional integration.

Kigali, 11th July 2025 – ATIDI has approved a USD84 million counter-guarantee to support three local Rwandan banks and one regional bank in issuing bonds and guarantees totaling over USD322 million. These guarantees have been extended to a joint venture of three contractors undertaking the construction of the New Bugesera International Airport, a transformative project poised to elevate Rwanda as a strategic hub for trade and logistics in Africa.

The project, jointly developed by the Governments of Rwanda and Qatar, is a vital infrastructure that will accelerate Rwanda’s Vision 2050, its national strategy to become an upper-middle-income country by 2035 and a high-income economy by 2050. The airport is also aligned with the African Continental Free Trade Area (AfCFTA) framework, facilitating the free movement of goods, services and people across the continent.

The airport, which is valued over USD2 billion, is scheduled for completion by mid-2028. ATIDI’s cover supports the three local banks including BPR Bank Rwanda Plc, Bank of Kigali (BK), and the Development Bank of Rwanda (BRD), benefitted directly from ATIDI’s risk mitigation, enabling them to issue guarantees beyond their Single Obligor Limits (SOL). The de-risking provided by ATIDI offers banks capital relief while ensuring smoother execution of infrastructure projects.

The lending consortium led by BPR Bank Rwanda Plc, acting as Mandated Lead Arranger and Facility Agent on behalf of the contractors, also includes KCB Bank Kenya, a regional lender, which participated in the syndicate without recourse to ATIDI’s guarantee.

Quote from Manuel Moses, Chief Executive Officer, ATIDI

“ATIDI is proud to partner in Rwanda’s transformation and continental ambitions through this catalytic project, a central piece of the country’s development strategy. The new airport is not just about infrastructure, it’s about unlocking regional value chains and ensuring Africa trades more with itself. Our support demonstrates the value addition of ATIDI’s de-risking solutions in scaling up lending capacity and unlocking financing by banks to Rwanda’s development priorities”

Quote from BPR (Mandated Lead Arranger)

Patience Mutesi, Managing Director of BPR Bank Rwanda Plc, remarked “We are honored to lead this transformational financing effort. As Mandated Lead Arranger, BPR Bank Rwanda Plc is proud to play a pivotal role in unlocking capital for a project that will reshape Rwanda’s connectivity and competitiveness. This collaboration with ATIDI and our partner banks reflects our firm commitment to financing national development priorities and enabling long-term value through strategic infrastructure.”

This transaction is aligned with ATIDI’s strategic focus on empowering its member states to deliver impactful, transformative investments that spur growth, sustainability and regional integration. Rwanda, a founding member of ATIDI, has been a consistent partner in leveraging risk mitigation to unlock capital and de-risk essential sectors.

Currently, ATIDI has issued policies worth over USD1.45 billion in transaction value and holds a gross exposure of over USD611.9 million in Rwanda. These transactions span multiple sectors vital to the country’s development, including agriculture, forestry; fishing; construction; energy and gas; financial activities; information and communication; manufacturing; other services activities; public administration; trade and transportation; transporting and storage; as well as wholesale and retail trade.

This broad sectoral engagement demonstrates ATIDI’s critical and transversal role in de-risking investments and catalyzing trade, infrastructure and socio-economic development across Africa.

About ATIDI

ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD88 billion worth of investments and cross border trade into Africa. For more than a decade, ATIDI has consistently maintained a Financial Strength and Counterparty Credit rating of ‘A/Stable’ from Standard & Poor’s. In 2019, Moody’s assigned ATIDI an A3/Positive rating, which was subsequently upgraded to A2/Stable in 2024 and reaffirmed in 2025, reflecting the organization’s robust financial position and strong risk management practices. In recognition of its growing impact, ATIDI was named the Development Finance Institution (DFI) of the Year at the 2025 African Banker Awards.

www.atidi.africa

MIL OSI – Submitted News –

MIL-OSI China: SCO digital economy forum highlights new cooperation horizons

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

TIANJIN, July 11 — The 2025 Shanghai Cooperation Organization (SCO) Digital Economy Forum was held in north China’s Tianjin Municipality on Friday, highlighting new horizons for cooperation among SCO member states.

Liu Liehong, head of the National Data Administration (NDA), said at the forum that SCO member states have engaged in significant cooperation in areas such as digital infrastructure construction, digital transformation of traditional industries and collaborative industrial development.

These efforts are driving the growth of the digital economy and technological innovation, injecting new momentum into regional development, Liu added.

Themed “New Bonds in the Digital Economy, New Horizons for Cooperation,” the forum featured an opening ceremony, a main forum, four thematic sub-forums and related activities.

Co-organized by the NDA and the Tianjin municipal government, the forum drew over 1,500 guests from governments, enterprises, universities and think tanks of SCO member states. They discussed topics such as industrial development empowered by digital integration, digital talent cultivation, data governance and digital infrastructure construction.

MIL-OSI China: SCO digital economy forum highlights new cooperation horizons

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

TIANJIN, July 11 — The 2025 Shanghai Cooperation Organization (SCO) Digital Economy Forum was held in north China’s Tianjin Municipality on Friday, highlighting new horizons for cooperation among SCO member states.

Liu Liehong, head of the National Data Administration (NDA), said at the forum that SCO member states have engaged in significant cooperation in areas such as digital infrastructure construction, digital transformation of traditional industries and collaborative industrial development.

These efforts are driving the growth of the digital economy and technological innovation, injecting new momentum into regional development, Liu added.

Themed “New Bonds in the Digital Economy, New Horizons for Cooperation,” the forum featured an opening ceremony, a main forum, four thematic sub-forums and related activities.

Co-organized by the NDA and the Tianjin municipal government, the forum drew over 1,500 guests from governments, enterprises, universities and think tanks of SCO member states. They discussed topics such as industrial development empowered by digital integration, digital talent cultivation, data governance and digital infrastructure construction.

MIL-OSI United Kingdom: Island Games come to Scotland

Source: Scottish Government

Games are part of a four-year pipeline of major events.

The largest event ever hosted in Orkney begins today, as part of four years of international sport in Scotland which are expected to attract tens of thousands of visitors and provide a significant economic boost.

Orkney is welcoming more than 1,600 athletes from 24 island groups for the 20^th International Island Games, which run until 18 July. Orkney is the smallest island group to ever host the Games and competitors have come from as far afield as the Falklands, the Cayman Islands, Saaremaa in Estonia and Åland in Finland.

It is the first of a series of high-profile sporting events being hosted in Scotland, which include this weekend’s Genesis Scottish Open, the 2026 Commonwealth Games, the 2027 Grand Départ of the Tour de France, the 2027 Open Championship and the 2028 UEFA European football championships.

The Scottish Government invests in major events to maximise local and national economic benefits. At the end of 2024, it was revealed that the last Open Championship in Scotland added more than £300 million to the economy, highlighting the scale of opportunity for the next four years.

Business Minister Richard Lochhead said:

“The Orkney Island Games represent a significant opportunity to drive economic growth and build a lasting legacy for people and businesses in Orkney and beyond.

“They also provide a taste of what is to come and illustrate our wider ambition to make sure every corner of Scotland benefits from the prestigious events we are increasingly able to attract.

“This is a team effort and the benefits go way beyond the events themselves. The global platform they provide enables us to highlight Scotland to tourists, businesses and potential inward investors across the world.”

Background

Information about the Orkney 2025 International Island Games is available online.

MIL OSI United Kingdom –

MIL-OSI New Zealand: Support – ASB offers support for customers affected by severe weather

Source: ASB

With the effects of severe weather being felt across much of the country, ASB is offering a range of support options for customers impacted by weather this weekend.

Tailored support for personal, farming and business customers affected by weather will be offered on a case-by-case basis, with options including:

Deferring loan repayments for up to three months or interest only for three months.
Immediate consideration of requests for emergency credit card limit increases and overdraft facilities.
Tailored solutions for eligible ASB business and rural customers including access to working capital of up to $100,000.

ASB Executive General Manager for Personal Banking Adam Boyd says ASB wants to hear from any customers needing financial assistance or support.

“It’s concerning to see Nelson Tasman being challenged again, with locals already dealing with the fallout from recent weather events. We understand this is a very tough time for the region. We encourage any personal, business or farming customers who are worried about money as a result of this weekend’s storms to please get in touch. Our teams have practical options available and we’re here to help.”

Personal customers needing support should call ASB’s contact centre on 0800 803 804. Alternatively, customers can email hardship@asb.co.nz. Affected ASB business and rural customers should speak to their relationship manager or call 0800 272 287.

Further detail on available support is available at Extreme support l ASB. More information and full terms, fees and charges can be found on ASB’s website.

MIL OSI New Zealand News –

MIL-OSI Canada: Minister Tim Hodgson at the Closing Press Conference, 2025 Energy and Mines Ministers’ Conference (EMMC), July 11, 2025

Source: Government of Canada News

Good afternoon, everyone. Bonjour.

I want to begin by acknowledging the current wildfire situation in Manitoba, and particularly those from Snow Lake and Garden Hill who have been evacuated. The Canadian Armed Forces are on the ground assisting with these emergencies, and my heart goes out to every person in my home province currently affected. Your federal government is here to support you today and to rebuild with you when that time comes.

At this pivotal time for Canada — a time when thirteen jurisdictions and the federal government are unified in a way I’ve never seen in my lifetime — it was a privilege to co-chair my first Energy and Mines Ministers’ Conference as Federal Minister of Energy and Natural Resources.

Thank you to my co-chair, Gilles Arsenault, for hosting this event — here in the birthplace of Confederation, no less. It’s hard to think of a better place to spend a few Canadian summer days than Charlottetown.

Over the past few days, federal, provincial and territorial partners came to the table for honest, forward-looking discussions.

We also had productive exchanges with national and regional Indigenous leaders, and were privileged to hear their thoughts on how to transform how we think about Indigenous partnership in major projects.

Let’s be clear: Indigenous Peoples are not just participants in our economy. They are rights holders. They are the original stewards of this land. They are governments. They are builders.

If we are serious about retooling our economy, then economic reconciliation must be front and centre.

From advancing “one project, one review” to reducing duplication and advancing new infrastructure, the goals of this meeting were clear: we need to build faster; strengthen regional economies; advance economic reconciliation and clean growth; enhance Canada’s global competitiveness; and secure our rightful place as an energy and resource superpower.

If this sounds ambitious, that’s because it is. But one government cannot do it alone. What is clear is we must work together as one Canada.

On the federal side, to begin making this vision a reality just two weeks ago we passed the One Canadian Economy Act — a nation-building piece of legislation that will ensure Canada builds the strongest economy in the G7.

It’s an important step toward improving Canadian productivity, growth, economic competitiveness and — crucially — regulatory certainty.

That is an imperative, and an urgent one at that.

Because, let’s face it: Global economies and markets are more volatile than they have been at any time since the Second World War. President Trump’s tariffs are disrupting trade and impacting our natural resources, energy, mining, manufacturing and many other sectors.

However, despite what the President may say, Canada has many important cards in these negotiations. And several of the most important ones are energy and natural resources.

At the G7, it was abundantly clear: Canada has the energy and minerals the world wants.

That’s why, in Kananaskis, Canada led the way in forming an agreement to take decisive action to respond to supply chain vulnerabilities through the Critical Minerals Action Plan.

This includes the recently announced Critical Minerals Production Alliance, which will help to mobilize capital, reduce our dependence on non-democratic suppliers and reward countries that, like Canada, mine the right way: with high environmental and labour standards.

Following on that, at this year’s EMMC, Ministers agreed to identify priority critical minerals projects that could be leveraged by the Critical Minerals Production Alliance. This will further position Canada as a leader in disrupting non-allied dominance in the sector by de-risking projects, enhancing certainty and supporting economically viable production.

We will also take steps to strengthen mineral titles policies to protect Canada’s mineral potential and national security.

Finally, all thirteen jurisdictions and Canada agreed to work together to use AI together to strengthen Canada’s geoscience data assets to support critical mineral exploration and attract investment. After all, as the Prime Minister always says, we can give ourselves more than anyone else can take away, and that starts with the minerals beneath our feet.

To serve as a model, we partnered today with the Northwest Territories on a pilot project to scan, digitize and analyze drill cores from their collection to highlight new areas of high critical mineral potential, especially in the Northwest Territories’ Slave Geological Province, one of Canada’s most promising regions for mineral exploration and critical mineral development.

These core scans and their associated data will be made available through a centralized digital platform, helping to reduce exploration risk, re-evaluate existing discoveries, spur investment and accelerate new mineral development — all without further land disturbance.

We are also having advanced conversations with British Columbia and Ontario, and I expect to have more to share in the coming days on that.

A key part of our discussions also centred around building major projects. There was consensus that we can — and must — do better together to get things built and grow our economy, both to access new markets and to furnish domestic resilience.

To keep this momentum going, Energy and Mining Ministers will come together again in the fall to ensure progress on key initiatives, including designating projects of national interest under the One Canadian Economy Act.

Let me close with this. Canada is, at its core, an energy and mining nation. It touches, in different ways, every single part of this country.

In 1858, the first major oil discovery in North America occurred in Oil Springs, Ontario, where James Miller Williams drilled the continent’s first commercial oil well, leading to incorporation of Canada’s first oil company.

Forty years later and further west, the Klondike Gold Rush drew tens of thousands north into the Yukon, a place most of the world saw simply as a frigid wilderness. But after less than ten years, the Yukon’s first hydro plant was developed to power the gold dredges near Dawson City.

At the time, hydroelectric power was just beginning to spread around the world globally. Yet Canada, with its rushing rivers and glacier-fed lakes, had already begun harnessing water to generate electricity. By 1910, we had become one of the largest producers of hydroelectricity in the world.

Canadian ingenuity in harnessing hydropower was also taking off in Quebec and powering new industries that changed the face of the province. In 1901, the first ingot of Canadian aluminum was cast at the Shawinigan Aluminum Smelting Complex, the oldest still in existence in North America. Using hydroelectric power, industrial production at this complex on the Saint-Maurice River began a new era of heavy industry and established the long-standing alliance between the hydroelectric and aluminum industries.

By the 1940s, Canada had added uranium to its growing portfolio, and mines in the Northwest Territories became essential to the Allied nuclear program in the Second World War, supplying uranium under top-secret agreements to support our fight against the Axis powers. Post-war, discoveries of significant deposits in Saskatchewan clinched our spot as a leader in mining and nuclear energy.

Then came Alberta. It was 1947, and after drilling 133 dry holes in a row, Imperial Oil was about to abandon oil exploration altogether. Leduc No. 1, about 15 kilometres west of Edmonton and more than 80 kilometres from any previous drilling sites, was one of six “last-chance” wells for the company.

But when they struck oil there on a chilly February morning, it marked the dawn of Canada’s modern oil era — leading to further discoveries that transformed the province into a major oil producer and moved Canada away from relying on the U.S. and toward self-sufficiency.

Smaller provinces have played outsized roles in this country’s energy and mining story. Prince Edward Island has emerged as a national leader in renewable power, with 99 percent of power generation on the island coming from wind farms. In fact, there are several times a year when P.E.I .is producing so much renewable energy that a province that has traditionally needed to import power becomes an energy exporter.

I could go on and speak to how every single one of our thirteen provinces and territories has a story when it comes to energy and natural resources; but I don’t think anyone wants to hear me talk for that long.

However, the reason I mention all of this is to show how deeply embedded energy and natural resources are in the story of Canada, a country I love deeply.

That means I see my job as Minister of Energy and Natural Resources as not just about industries but also about national unity.

As the Prime Minister says, we can give ourselves more than any country can take away.

Our resources give us tinder and kindling. Our innovation and workers are the fuel. Now, it is time for all thirteen governments to come together and light the match to start the fire.

To start to build big things again, in a responsible, environmentally conscious way. To use our resources to create prosperity that will lift all boats, so that every single Canadian — no matter where they live — can have a good education, a roof over their head, a stable job and, most importantly, a fair shot.

We will act. We will deliver. And we will show results — for Canadian workers, for businesses and for communities.

Canada will no longer be defined by delay but by delivery. Together, we will rise to the challenge.

Thank you. Merci.

MIL OSI Canada News –