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Category: Economy

  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI: AS Inbank entered into merger agreement with Inbank Ventures OÜ

    Source: GlobeNewswire (MIL-OSI)

    Today, on 20 June 2025, AS Inbank entered into a notarial merger agreement with its 100% subsidiary Inbank Ventures OÜ. As a result of the merger, Inbank Ventures OÜ will cease to exist without liquidation and AS Inbank will become its legal successor. Inbank Ventures OÜ is operating as a holding company and provides IT support services within the Inbank Group. The purpose of the merger is to align the Group’s legal structure with its actual business operations and to enhance organisational efficiency, while leaving the consolidated assets, rights, and obligations unchanged. 

    The merger will enter into force following the receipt of the required approval from the Financial Supervision and Resolution Authority. The completion of the merger is expected to take place during the first quarter of 2026. The merger agreement is attached to this notice. Additionally, the merger agreement and other related documents (including the merger report) are available for review at the office of AS Inbank, located at Niine 11, Tallinn. 

    Inbank is a financial technology company with an EU banking license that connects merchants, consumers and financial institutions on its next generation embedded finance platform. Partnering with more than 5,600 merchants, Inbank has 941,000+ active contracts and collects deposits across 7 markets in Europe. Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange.

    Additional information:
    Styv Solovjov
    AS Inbank
    Head of Investor Relations
    +372 5645 9738
    styv.solovjov@inbank.ee

    Attachment

    • AS Inbank ja Inbank Ventures OÜ ühinemisleping

    The MIL Network –

    June 21, 2025
  • MIL-OSI United Kingdom: UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK-Bahrain agree £2bn investment partnership in huge boost for UK economy

    The UK and Bahrain have signed a partnership agreement which will deliver £2 billion of investment into key growth sectors in a huge boost to the economy.

    • UK has signed a new partnership with Bahrain, which will see £2 billion investment into key growth sectors.
    • Agreement will increase investment in financial services, clean energy, manufacturing and tech – all growth sectors in Government’s modern Industrial Strategy.
    • Business Secretary Jonathan Reynolds: investment is ‘major vote of confidence’ that will increase jobs and create growth across UK as part of the Government’s Plan for Change.
    • UK becomes member of the US-Bahrain Comprehensive Security Integration and Prosperity Agreement which supports economic growth at home.

    The UK government and Bahrain have signed a new investment and collaboration partnership that will unlock £2 billion of investment into Britain, boosting economic growth and driving forward the Government’s Plan for Change.

    The Strategic Investment and Collaboration Partnership (SIP) is double the £1 billion commitment made in 2023 and will focus on investing in key growth sectors including financial services, technology and decarbonisation – as the Government prepares to publish the upcoming modern Industrial Strategy. 

    The Partnership is a sign of a strengthened bilateral relationship with Bahrain and will help create new jobs and boost growth across the UK. It will also provide British companies opportunities to take advantage of Bahrain’s business environment, providing support on innovation, productivity and development in the country. 

    Yesterday [Thursday 19 June], the Prime Minister met with His Royal Highness Crown Prince Salman bin Hamad Al Khalifa, Prime Minister of the Kingdom of Bahrain, where the deal was formally signed.

    At a time of great importance for regional stability both leaders reaffirmed the strength of the relationship between the two countries, as the UK became a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA) after announcing its intention to join in December 2024. This demonstrates the UK’s continued efforts to strengthen security cooperation with key partners in Bahrain and the US and together, to foster long-term regional stability across the Middle East while bolstering economic growth at home through new security and defence partnerships.    

    The UK and Bahrain leaders yesterday reiterated their commitment to defence relations and continuing the already strong cooperation between our Armed Forces and those of the Kingdom of Bahrain. This includes our strong naval partnership, which has seen Bahrain host the UK’s largest naval base outside of the UK and training offered by UK Armed Forces to Bahrain military personnel.  

    Chancellor of the Exchequer Rachel Reeves said:

    In a changing world, Britain is increasingly seen as a place for investment and growth – thanks to the stability we have brought to the economy and our pro-business approach.

    This £2 billion investment into the growth-driving sectors where Britain thrives will create good jobs paying decent wages in all corners of our country, putting more money in people’s pockets as part of our Plan for Change.

    Business and Trade Secretary Jonathan Reynolds said:

    This £2 billion commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.

    We have the most open, stable and connected economy in the world – and our Plan for Change will encourage more countries to invest here, delivering long-term growth that supports good, skilled jobs across the country.

    During their visit to the UK, a delegation of Bahraini investors visited growth projects and business in Manchester, Leeds, and Sheffield, in order to explore opportunities to support the UK Government’s growth agenda. 

    This government is committed to driving economic growth, and growing trade and investment with the Gulf is pivotal to this mission, delivering higher wages, supporting increased investment and economic opportunity, and strengthening relationships with important partners. 

    Notes to editors:

    • The UK announced its intention to join C-SIPA during the Minister for the Middle East and North Africa’s visit to Manama in December 2024. UK joins US-Bahrain agreement to build security across the Middle East – GOV.UK

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    Published 20 June 2025

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI: Maris-Tech Unveils Peridot: A New AI-Powered Observation System for Comprehensive Threat Detection

    Source: GlobeNewswire (MIL-OSI)

    New Solution Combines AI, Thermal Imaging, and Multi-Sensor Stitching to Create a Seamless View for Defense and Security Operations

    Rehovot, Israel, June 20, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)-based edge computing technology, is proud to announce the completion of the first prototype of Peridot – an AI-based passive observation system designed for comprehensive situational awareness.

    Peridot integrates multiple high-definition day and thermal video sensors with advanced stitching algorithms to create a panoramic view, both horizontally and vertically. The result is uninterrupted coverage and early detection of conventional and modern threats, including drones and unmanned vehicles.

    This breakthrough technology is designed for border and strategic site protection, offering a fully integrated, standalone solution to monitor, detect and enable quicker response to aerial and ground-based risks. In addition to its observation capabilities, Peridot can serve as a trigger system for passive or active threat defeating mechanisms – making it an ideal part of layered defense strategies.

    “Peridot represents a significant technological leap and a major milestone for Maris-Tech,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We’re proud of the team that brought this concept to life. As a standalone solution, Peridot positions us higher in the defense technology value chain, and we believe the industry will benefit greatly from its introduction.”

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it discusses the potential capabilities and applications of the Peridot system, including its integration into layered defense strategies, its ability to provide early detection and comprehensive situational awareness and the Company’s belief that Peridot represents a significant technological advancement and will positively impact the defense industry. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI USA: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Source: US State of North Carolina

    Headline: Governor Stein Announces More Than $52 Million of Investment in Rural Communities

    Governor Stein Announces More Than $52 Million of Investment in Rural Communities
    lsaito
    Fri, 06/20/2025 – 08:04

    Raleigh, NC

    Governor Josh Stein today announced that the Rural Infrastructure Authority (RIA) has approved nine grant requests for local governments totaling $2,941,000. The grants include commitments creating a total of 137 jobs. The public investment in these projects will attract more than $52 million in additional private and public investment.

    “North Carolina’s rural communities are excellent places to live, work, and do business,” said Governor Josh Stein. “The latest rural infrastructure grants strengthen these communities even more by helping to create jobs, access to health care, and strengthen downtowns.”

    The RIA is supported by the rural economic development team at the North Carolina Department of Commerce. RIA members review and approve funding requests from local communities. Funding comes from a variety of specialized grant and loan programs offered and managed by the North Carolina Department of Commerce’s Rural Economic Development Division, which is led by Assistant Secretary for Rural Development Reginald Speight. Grants support a variety of activities, including infrastructure development, building renovation, expansion and demolition, and site improvements.

    “We are excited by the opportunities to partner with our state’s rural communities through these infrastructure grant projects,” said Commerce Secretary Lee Lilley. “These investments will help rural North Carolina grow jobs, expand opportunity, and improve people’s quality of life.”

    The RIA approved five grant requests under the state’s Building Reuse Program in three categories: 

    Vacant Building Category 

    • Rockingham County: A $500,000 grant will support the reuse of a 216,086-square-foot building in Reidsville. The facility is set to be occupied by Joyalways Corporation, a manufacturer of wet wipes including baby wipes and non-alcoholic variants. The company plans to create 44 jobs while investing $10,757,500 in this project.
    • Transylvania County: A $75,000 grant will support the reuse of a 4,100-square-foot building in Brevard. This facility will be occupied by Nature Trails NC, LLC, an outdoor recreation business that fabricates structures used in outdoor trails such as benches, kiosks, and bike ramps. With this project, the company is expected to create 16 jobs while investing $80,745.

    Existing Business Building Category 

    • Hertford County: A $280,000 grant will support the expansion of a building in Cofield that is occupied by Structural Coating Hertford, LLC. The company, which provides technologically advanced processes for blast cleaning and coating steel plates, plans to add 5,026 square feet to the existing facility. The project is expected to create 35 jobs with a private investment of $1,674,659.

    Rural Health Building Category

    • City of Rocky Mount (Edgecombe County): A $375,000 grant will support the reuse of a 13,330-square-foot former Memorial Hospital building as a facility for the Opportunities Industrialization Center (OIC) of Rocky Mount. Through its Family Medical Center, OIC provides a variety of affordable health services and is the medical home to approximately 14,000 patients. The center plans to create 30 jobs and invest $13,426,500 in this project.
    • Town of Pembroke (Robeson County): A $150,000 grant will support the construction of a 29,000-square-foot building, where Robeson Health Care Corporation plans to expand their existing operations. The health care provider plans to serve 1,000 additional patients yearly at this new facility, which will include a new eye care center and additional exam rooms to create a functional, patient-friendly environment. With this project, the organization expects to create 12 jobs while investing $11,442,615. 

    The Building Reuse Program provides grants to local governments to renovate vacant buildings, renovate and/or expand buildings occupied by existing North Carolina companies, and renovate, expand, or construct health care facilities that will lead to the creation of new jobs in Tier 1 and Tier 2 counties, as well as rural census tracts of Tier 3 counties.

    The RIA approved four grant requests under the state’s Rural Downtown Economic Development program in two categories:

    Public Buildings Category

    • Town of Williamston (Martin County): A $200,000 grant will support the Town’s Old Police Department Reuse Project, which is intended to rehabilitate and repurpose property that is connected to Town Hall. The 3,304-square-foot building will undergo renovations to create a public space for meetings and become a hub for community events. Renovations include ADA compliance and updates to the space, including updating an existing kitchen. The project is expected to leverage an investment of $11,364.
    • Town of Stoneville (Rockingham County): A $200,000 grant will support the town’s Fidelity Building Revitalization/Reuse Project, which aims to rehabilitate a vacant building for a fully operational financial institution. Improvements include HVAC, electrical, roofing, plumbing, ADA upgrades, and interior/exterior renovations, while also restoring the original brickwork and repairing damaged masonry. This project is expected to leverage an investment of $12,500.

    Public Infrastructure Category 

    • Town of Pembroke (Robeson County): A $311,000 grant will help the town transform a vacant property into a vibrant public space at the intersection of W. 3rd and Vance Streets. The project includes site preparation, a brick paver walkway, electrical upgrades, and tree grates and is a direct result of the town’s participation in the North Carolina Department of Commerce’s Rural Community Capacity program. The town will leverage an investment of $15,550 with this project.
    • Town of Boone (Watauga County): An $850,000 grant will assist the town in prioritizing pedestrian safety by converting the westbound lane of Howard Street from Appalachian Street to Burrell Street into a pedestrian and bicycle-only corridor. Phase Two of the project includes water, sewer, and stormwater improvements, as well as burying utilities. The project is expected to leverage an investment of $15,111,703. 

    The Rural Downtown Economic Development Grants program provides grants to local governments to support downtown revitalization and economic development initiatives. These grants are intended to help local governments grow and leverage downtown districts as assets for economic growth, economic development, and prosperity by providing public improvements to help retain businesses and leverage main street assets for community-wide use.

    In addition to reviewing and approving funding requests, the N.C. Rural Infrastructure Authority formulates policies and priorities for grant and loan programs administered by the Commerce Department’s Rural Economic Development team. Its 17 voting members are appointed by the Governor, Speaker of the House, and Senate President Pro Tem. The North Carolina Secretary of Commerce serves as a member of the authority, ex officio.

    Visit the Rural Economic Development Division webpage for more information.  

    Jun 20, 2025

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release 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. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” 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 in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Lucas GC Limited Announces Pricing of Follow-On Offering

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) — Lucas GC Limited (NASDAQ: LGCL) (“Lucas” or the “Company”), an artificial intelligence (“AI”) technology-driven Platform-as-a-Service (“PaaS”) company with proprietary technologies applied to the human resources and insurance industry verticals, today announced the pricing of its “best efforts” follow-on offering (the “Offering”) of 32,150,000 ordinary shares, par value US$0.000005 per share, of the Company (the “Ordinary Shares”) at a public offering price of $0.20 per share, for total gross proceeds of US$6,430,000 before deducting placement agent’s fee and offering expenses. The Offering is expected to close on or about June 23, 2025, subject to the satisfaction of customary closing conditions.

    AC Sunshine Securities LLC is acting as the placement agent for the Offering.

    A registration statement related to the Offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the Offering may be obtained, when available, on the SEC’s website located at http://www.sec.gov and may also be obtained from AC Sunshine Securities LLC, 200 E. Robinson Street Suite 295, Orlando, FL 32801.

    About Lucas GC Limited
    With 19 granted U.S. and Chinese patents and over 75 registered software copyrights in the AI, data analytics and blockchain technologies, Lucas GC Limited is an AI technology-driven PaaS company with over 780,320 agents working on its platform. Lucas’ technologies have been applied to the human resources and insurance industry verticals. For more information, please visit: https://www.lucasgc.com/.

    For Investor Inquiries and Media Contact:
    https://www.lucasgc.com/ 
    ir@lucasgc.com 
    T: 818-741-0923

    Forward-Looking Statements
    Certain statements in this press release 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. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” 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 in the Company’s registration statement and other filings with the SEC.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Canadian Banc Corp. At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Canadian Banc Corp. (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in January 2024 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests in a portfolio of six publicly traded Canadian Banks as follows:

    Bank of Montreal Canadian Imperial Bank of Commerce Royal Bank of Canada
    The Bank of Nova Scotia National Bank of Canada The Toronto-Dominion Bank
         

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations:
    1-877-478-2372
    Local: 416-304-4443
    www.canadianbanc.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Dividend 15 Split Corp. II At-The-Market Equity Program Renewed

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 20, 2025 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. II (the “Company”) announces it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time at the Company’s discretion, effective until July 19, 2027 unless terminated prior to such date by the Company. This ATM Program replaces the prior program established in May 2023 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated June 19, 2025 with National Bank Financial Inc. (the “Agent”).

    Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated June 19, 2025 to the Company’s short form base shelf prospectus dated June 18, 2025. The maximum gross proceeds from the issuance of the shares will be $350,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR+ at www.sedarplus.com.

    The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

    The Company invests primarily in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance   may not be repeated. Please read the Company’s publicly filed documents which are available at www.sedarplus.com.

    Investor Relations: 1-877-478-2372
    Local: 416-304-4443
    www.dividend15.com
    info@quadravest.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Bitget PRO Program Launches Limited-Time PRO+2 Upgrade to Supercharge High-Volume and Institutional Traders

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a limited-time PRO+2 Level Upgrade Promotion alongside the announcement of Bitget PRO, an upgraded program designed to support the needs of institutional clients and high-frequency traders. Meant for eligible users, the promotion reinforces Bitget’s commitment to empowering professional traders with better rates, priority infrastructure, and exclusive perks.

    The Bitget PRO program introduces a dynamic tiered system built to streamline institutional access to lower fees, optimized API limits, exclusive loan and custody services, and expanded withdrawal limits. With the rise of algorithmic and institutional trading, Bitget PRO serves as a dedicated infrastructure layer that facilitates complex strategies and capital efficiency.

    “Institutional traders are shaping the future of digital finance through precision and scale. Bitget PRO is built to support their ambitions—offering advanced infrastructure and seamless access to tailored financial tools,” said Gracy Chen, CEO of Bitget. “Our time-limited PRO+2 upgrade is our way of welcoming top-tier participants into the program with minimal friction—unlocking superior benefits and showing our ongoing commitment to supporting institutional growth in crypto.”

    The PRO+2 Level Upgrade Promotion will run from July 2 to August 31, 2025, instantly boosting trading power for both new and existing users. Traders will be upgraded by two levels based on their June trading volume, while new users can apply for the same boost by submitting proof of past trading activity or asset holdings before August 15, 2025 (GMT+8). For example, approved traders currently tiered as PRO3, will get upgraded to receive PRO5 fee rates and benefits. This promotion allows eligible users to unlock up to PRO6-level benefits earlier than ever, including top-tier fee discounts, deeper liquidity, and personalized institutional support. Additional perks include improved fee structures on spot and futures, higher API rate limits, increased withdrawal caps, flexible sub-account management, and direct access to Bitget’s API team for real-time support.

    The Bitget PRO program is automatically assigned daily at 9:00AM (UTC+8), with qualification based on a user’s 30-day API trading volume. PRO1 and above require at least 20% of trades via API. Those who do not meet the criteria will revert to VIP tiers. This structure allows seamless mobility while rewarding activity and technical engagement.

    Earlier this year, Bitget strengthened its institutional offering with the launch of Institutional Lending, enabling up to 5x leverage on spot trading. Additional upgrades, including Unified Accounts and enhanced OTC services, reflect Bitget’s commitment to supporting professional traders with flexible, secure solutions.

    For more details on the Bitget PRO+2 Level Upgrade Promotion, visit here. For details on the Bitget PRO program in general, visit the official Bitget PRO Program page and direct inquiries to institution@bitget.com.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a6da46e-0407-43bb-b236-a93a5188d971

    The MIL Network –

    June 21, 2025
  • MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

    As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

    Operational Innovation Meets Regulatory Excellence

    Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

    By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

    “At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

    “We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

    Solving Tax Complexity at Scale

    Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

    With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

    “FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

    “Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

    Driving Scalable Compliance for the Future of Finance

    Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

    This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

    As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

    About FV Bank

    FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

    For more information about FV Bank, please visit www.fvbank.us.

    About Bitwave

    Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

    Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

    Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

    For more, visit bitwave.io.

    Media Contact:
    Kaleb Leija
    VP of Marketing, Bitwave
    marketing@bitwave.io 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

    The MIL Network –

    June 21, 2025
  • MIL-OSI: FV Bank Redefines Institutional-Grade Client and Tax Reporting Efficiency with Bitwave

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, June 20, 2025 (GLOBE NEWSWIRE) — FV Bank, a globally regulated digital asset custodian and banking platform, announced a landmark partnership with Bitwave to streamline and automate digital asset tax and financial reporting, setting a new institutional standard for compliance and operational scalability.

    As digital asset adoption continues to mature, so do the expectations for institutional accountability, tax transparency, and audit-readiness. With a customer base spanning over 70 countries and operations in one of the most stringently regulated environments in finance, FV Bank has taken a bold step forward to modernize its infrastructure and ensure compliance without compromising efficiency.

    Operational Innovation Meets Regulatory Excellence

    Leading custodians – like FV Bank – face unique reporting challenges when managing customer assets under the FBO (“For the Benefit Of”) accounting model. This structure requires financial teams to track assets and liabilities both at the institution level and for individual customers.

    By integrating Bitwave’s industry-leading financial platform, FV Bank has successfully automated the dual-layered reporting structure, creating both client-facing tax forms (such as 1099s) and detailed internal books that meet institutional audit standards.

    “At FV Bank, we take pride in offering secure, compliant, and forward-thinking financial services. Partnering with Bitwave allows us to push the envelope on what’s possible with digital asset reporting efficiency with global scale,” said Miles Paschini, CEO of FV Bank.

    “We’re not just solving a tax problem, we’re setting a new benchmark for operational excellence.”

    Solving Tax Complexity at Scale

    Tax reporting in digital assets is notoriously complex, especially for high-throughput financial institutions.

    With Bitwave, FV Bank has streamlined its tax workflows to automatically generate accurate, auditable gain/loss data for every client account. This eliminates the need for fragmented spreadsheets, manual reconciliations, and error-prone calculations.

    “FV Bank is a true leader in operational compliance and financial innovation,” said Pat White, CEO of Bitwave.

    “Their embrace of Bitwave for both internal and customer-facing reporting proves that institutions can lead the way in digital asset transparency and integrity.”

    Driving Scalable Compliance for the Future of Finance

    Bitwave’s robust platform is designed to meet the needs of enterprise-grade finance teams, enabling institutions like FV Bank to remain audit-ready, regulator-friendly, and technologically agile.

    This partnership represents a scalable solution that other neobanks, trust companies, and crypto-forward enterprises can emulate.

    As regulators and policymakers focus increasingly on transparency and accountability in crypto finance, FV Bank is not waiting to react, it’s leading.

    About FV Bank

    FV Bank is a fully licensed and regulated U.S. digital bank offering a vertically integrated suite of digital asset and traditional banking services. With a focus on innovation, security, and compliance, FV Bank is Banking the Future by providing USD banking, digital asset custody services, money market accounts, Visa debit cards, and stablecoin deposits and conversions, all accessible via a single, unified platform.

    For more information about FV Bank, please visit www.fvbank.us.

    About Bitwave

    Bitwave is the #1 digital asset subledger and on-chain finance platform for businesses.

    Built for enterprises and institutions, Bitwave simplifies digital asset tax, accounting, and payment workflows for global finance teams – all with a comprehensive, audit-ready platform.

    Trusted by Fortune 100 leaders, Bitwave delivers the reliability, security, and control demanded by today’s leading finance teams. We enable the digital asset economy with scalable financial operations.

    For more, visit bitwave.io.

    Media Contact:
    Kaleb Leija
    VP of Marketing, Bitwave
    marketing@bitwave.io 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e55433b-f39c-4295-b904-12b7ba085cab

    The MIL Network –

    June 21, 2025
  • MIL-OSI Africa: Qatar Permanent Mission in Geneva Organizes Side Event on Role of Media in Enhancing Human Rights

    Source: Government of Qatar

    Geneva, June 20, 2025

    The Permanent Mission of the State of Qatar to the United Nations Office and other international organizations in Geneva, in cooperation with the permanent missions of Austria, Greece, and France, organized a side event today om the role of media in promoting human rights, on the sidelines of the 59th session of the Human Rights Council in Geneva.

    Among the speakers were HE Permanent Representative of the State of Qatar to the UN in Geneva Dr. Hind Abdulrahman Al Muftah, Director of the Department of Media and Communication at the Ministry of Foreign Affairs Ibrahim bin Sultan Al Hashmi, HE Austria’s Permanent Representative to the UN in Geneva Desiree Schweitzer, HE Greece’s Permanent Representative to the UN in Geneva Ioannis Ghikas, HE UN Special Rapporteur on the Right to Freedom of Expression Irene Khan, representative from the Office of the UN High Commissioner for Human Rights Michael Camilleri, Executive Director of Fondation Hirondelle Caroline Vuillemin, Callum Birch, Senior UN Advocacy Officer at ARTICLE 19, and Advocacy Director at the International Press Institute (IPI) Amy Brouillette. The event was moderated by CEO of Investigativ.ch Eva Hirschi.

    The event was attended by more than 80 participants, including diplomats, international and regional organizations, media institutions, and civil society organizations focused on human rights, peace, and development.

    HE Dr. Al Muftah emphasized that media is a foundational pillar of contemporary society, playing a crucial role not just in shaping public opinion and facilitating information flow, but also in defending democratic values, human rights, dignity, equality, and justice. She said that media also helps bridge divides by promoting our shared humanity.

    Her Excellency highlighted that Article 19 of the Universal Declaration of Human Rights, which guarantees the right to freedom of expression including the right to seek receive, and impart information regardless of frontiers. She stressed that freedom of expression and freedom of the press are interlinked and essential for an informed and engaged society.

    She noted that in the face of rising misinformation and polarization in a rapidly changing world, it has become more urgent than ever to understand and strengthen the relationship between media and human rights. She stressed that when media adheres to ethical standards and truth, it doesn’t just reflect reality, but becomes a powerful force for positive change, raising awareness, empowering individuals, and advancing global human rights.

    She added that journalists serve as the first line of defense for transparency and accountability in the information age, yet they face increasing threats, harassment, arrests, and even death for doing their jobs. She underscored that governments have a legal and moral responsibility to ensure a safe environment for journalists and media professionals to operate without fear of violence or retaliation.

    She also called for renewing collective commitment and joint efforts to protect press freedom, defend truth-tellers, and safeguard the essential role of media in promoting and protecting human rights.

    For his part, Al Hashmi said that the State of Qatar’s media model is based on supporting strong and credible media institutions in a secure environment that enables them to fulfill their vital role. He said the government respects journalists and maintains open, transparent engagement with them, while also actively working through diplomatic and multilateral channels to empower the media and provide necessary protections.

    He affirmed the State of Qatar’s ongoing sponsorship of major global initiatives, highlighting its role in promoting UN Security Council Resolution 1738 (2006) on protecting journalists in armed conflicts during Qatar’s presidency of the council.

    He also referred to the State of Qatar’s hosting of the 2012 International Conference on the Protection of Journalists in Dangerous Situations, and the 2016 launch of the Doha Declaration on the Protection of Journalists, which outlined core principles for journalist protection and clarified the responsibilities of states, organizations, media entities, and journalists themselves.

    Al Hashmi noted that Qatar’s Media City hosts many local, regional, and international media outlets that operate freely in a secure and strong media environment.

    UN Special Rapporteur Khan said that killing even one journalist is not just a loss of life, it sends a chilling message to others and fosters silence. She warned that lack of safety for journalists creates a climate of self-censorship, reinforcing the need for accountability for those who attack or kill journalists.

    She also drew attention to the serious violations journalists face in Gaza, the restrictions on media access to the territory, and the heightened risks for female journalists, especially in the digital realm. She pointed out that online gender-based violence is spilling over into real-life consequences for women in journalism.

    Khan warned that such smear campaigns can seriously endanger journalists by legitimizing violence against them, particularly when they are covering protests or operating in hazardous areas. She noted that this also undermines public trust in journalism.

    In the same context, speakers emphasized the critical role media plays in promoting and protecting human rights. They acknowledged the growing challenges faced by journalists, especially amidst rising hate speech, misinformation, and restrictions on free expression.

    They stressed the importance of empowering media to operate freely and independently, seeing it as a core tool for raising awareness, exposing abuses, and upholding justice and accountability.

    They underlined that combating impunity for crimes against journalists is vital to safeguarding media freedom and ensuring a safe environment where journalists can carry out their work without fear. Repeated targeting of journalists, they warned, undermines public trust and threatens society’s right to know.

    They also stressed that states have a legal and moral obligation to provide a safe environment for the press and protect journalists from threats or intimidation. They highlighted the importance of sustainable funding for media institutions to allow them to function independently of political or financial pressures. 

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI Africa: Constitutional Court a beacon of justice and national unity

    Source: South Africa News Agency

    President Cyril Ramaphosa has praised the Constitutional Court for its critical role in deepening democracy, advancing human rights, and promoting national cohesion and reconciliation over the past three decades.

    Speaking at a special event marking the 30-year anniversary of the court’s establishment on Friday in Johannesburg, President Ramaphosa described the apex court as not only a legal institution but a “noble symbol of our democratic order; both immortal and legal compass”.

    “This moment calls not only for celebration, but also for reflection, for recommitment, and for a renewed vision of constitutionalism in action in South Africa,” the President said. 

    Reflecting on the court’s founding in 1994, the President noted its symbolic location, built on the ruins of the infamous Old Fort prison in Braamfontein as a reminder of South Africa’s painful past and a testament to the transformative promise of constitutional justice.

    “This court was established on the ruins of an oppressive legal system and was built on the grounds of a former prison, embodying the hope that law could become an instrument of justice rather than repression,” he said.

    Recalling the adoption of the Constitution on 8 May 1996, President Ramaphosa, who then chaired the Constitutional Assembly, likened the document to “our new nation’s birth certificate”, describing it as a legal foundation that affirms dignity, equality, and freedom for all South Africans.

    “Just like a person cannot enjoy their rights without a birth certificate, without the Constitution our country would be cast adrift, and be vulnerable to the excesses of unchecked power.

    “We celebrate the existence of this court over the 30 years in which it has defended our democratic vision as set out in our birth certificate, our Constitution. This court has been the guardian, watching over our nation’s legal health just as a parent would attend to the health of their growing child,” he said.

    Building a culture of rights

    The President credited the court for cultivating a rights-based culture by issuing transformative and far-reaching judgments, including in S v Makwanyane that abolished the death penalty; the Grootboom case that centred on the right to housing; and Minister of Health v Treatment Action Campaign that dealt with the right to healthcare and access to HIV/Aids treatment.

    “The Constitutional Court has developed a rich and transformative jurisprudence. These judgements are not merely legal decisions – they are decisions that have changed lives, shaped our society, and strengthened our democracy,” he said. 

    He praised the court’s jurisprudence for affirming the rights of the vulnerable, including same-sex couples, women in traditional marriages, children, the poor, and the infirm.

    “The court’s judgments have advanced the rights of same-sex couples, of women in traditional marriages, of the sick and infirm, of children, of voters, and of the most marginalised members of society. They have affirmed that dignity, equality and freedom are not reserved for the powerful, but guaranteed to all,” he said. 

    He acknowledged the international legal influences that helped shape South Africa’s Constitution, with insights drawn from jurisdictions such as Canada, Germany, India and the United States.

    Quoting former Justice Albie Sachs, President Ramaphosa said: “We borrowed ideas, concepts and structures from Canada, Germany, India and the United States, but made them South African.”

    Challenges and shortcomings

    While lauding the court’s role, President Ramaphosa also acknowledged ongoing challenges in realising the full promise of constitutionalism, particularly in the delivery of socio-economic rights. 

    “It will forever remain a blight on our democracy that the applicant in the ground-breaking Grootboom judgment, Ms. Irene Grootboom, died in 2008 without her dream of a decent house being fulfilled,” he said.

    He stressed that citizens should not have to resort to litigation to claim rights that the state is obligated to fulfil.

    “There is a disconnect between the promise of our Constitution and the lived realities of South Africans. Persistent inequality, threats to judicial independence, lack of implementation of court orders, and erosion of trust in institutions remain pressing challenges,” he warned.

    Commitment to the judiciary

    President Ramaphosa reaffirmed government’s commitment to supporting the judiciary and upholding its independence. He cited budget allocations to improve court services, judicial education, and infrastructure as part of efforts to bolster the judiciary’s effectiveness.

    “To ensure that the judiciary execute their duties independently, effectively, and with dignity – government must and will provide a range of institutional, infrastructure, financial, administrative, and legal support. The support is crucial to maintaining judicial independence, which is a cornerstone of democracy and the rule of law,” he said.

    He confirmed that a joint committee between the executive and judiciary will finalise an action plan in the coming weeks to strengthen the judicial system and institutional independence.

    Tribute to pioneers

    The President paid tribute to current and former Constitutional Court Justices, legal clerks, scholars, and practitioners who have contributed to the court’s legacy.

    Among those honoured were retired Justices Albie Sachs and Kate O’Regan, who were part of the inaugural bench. He also recalled stories shared by his legal advisor, Advocate Nokukhanya Jele, who clerked for the court in its early days, sharing memories of operating in cramped temporary offices, and of rain leaking onto legal papers during the Court’s relocation to its current premises in 2004.

    “For all who had the privilege of being part of those early days working at the court, there was a sense of elation at being part of history in the making. Of being part of something far greater; something that all one’s years of legal training had prepared one for. 

    “As a nation we can be nothing short of immensely proud of the constitutional court, of what it has achieved, and of its ongoing and pre-eminent role in our society,” he said.

    Looking ahead

    President Ramaphosa called on legal professionals, government leaders and citizens alike to recommit to the Constitution and its values of accountability, ethics, and public service.

    “Thirty years on, the Constitutional Court remains a beacon of democracy. A compass for our future journey. May it continue to stand as a testament to justice, accountability, and the resilience of the South African people,” the President said. 

    He added that the country faces many challenges including poverty, inequality, joblessness and under-development. 

    “Yet we move forward as a collective with confidence, fortified by the knowledge that that you, the guardians of our constitutional order, are with us, alongside us, guiding us.

    “As we look to the next 30 years, let us ensure that the Constitutional Court remains a living institution—responsive, principled, and deeply rooted in the values of ubuntu, accountability, and human dignity. We wish the court well on this auspicious occasion, and into the future,” the President said. – SAnews.gov.za

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI Africa: President reaffirms commitment to judicial independence

    Source: South Africa News Agency

    President Cyril Ramaphosa has reaffirmed government’s commitment to judicial independence, assuring the nation that funding for the judiciary will be made available despite South Africa’s tightening fiscal environment. 

    Speaking to the media at the 30-year anniversary celebrations of the Constitutional Court in Braamfontein, the President acknowledged the financial challenges facing the state but said these would not deter the empowerment of key democratic institutions.

    “Money is getting tighter and tighter because our fiscal situation is challenged with the lacklustre growth of our economy. So, the revenues that come into government are becoming slimmer and slimmer. However, we do need to empower various arms of the state,” the President said on Friday.

    WATCH | President addresses Constitutional Court celebrations 

    [embedded content]

    The President emphasised that the judiciary, along with Parliament and the Executive, would be prioritised in government’s budgetary considerations. 

    “Parliament and the judiciary are one of those and the executive, of course, plays a leading role of the arms of the state, so money will be made available, and of course, to the extent that we are able to mobilise the resources as we grow the economy,” he said. 

    Responding to concerns over the National Prosecuting Authority’s (NPA) ability to prosecute cases effectively due to resource constraints, President Ramaphosa noted the importance of judicial independence and outlined plans to ensure that the judiciary has direct control over its finances.

    “The judiciary will have the money, and they will be in control, just as parliament is in control of its own budget. They will be able to embark on infrastructure projects, administrative capability training and all this without having to always go and ask for permission from the Minister of Justice.”

    President Ramaphosa credited both the current Minister of Justice and Constitutional Development, Mmamoloko Kubayi, and Chief Justice Mandisa Maya for driving progress in securing financial autonomy for the judiciary. 

    “But I need to say that the Minister of Justice and the Chief Justice are the ones who have actually moved the needle on this matter. So, if you have to pay any tribute to anyone, its these two ladies who have really moved mountains,” he said. 

    He further acknowledged the work done by former Chief Justice Raymond Zondo, noting that the framework for financial independence began taking shape under Zondo’s leadership.

    “Having said that, former Chief Justice Raymond Zondo, sought to have this put in place and I think the foundation and the framework was set in place from 2013. It was consolidated during Chief Justice Zondo’s time, and it’s now been put in place during Chief Justice Maya’s time,” President Ramaphosa explained. – SAnews.gov.za

    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI China: China’s central bank says mainland-HK payment connect will begin operations soon

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

    BEIJING, June 20 — The People’s Bank of China (PBOC), the country’s central bank, said on Friday that the cross-border payment connect linking users in the Chinese mainland and Hong Kong will begin operations on June 22.

    By linking the mainland’s Internet Banking Payment System and Hong Kong’s Faster Payment System, the payment connect will support participating institutions to provide efficient, convenient and safe cross-border payment services for residents in both the mainland and Hong Kong, the PBOC said in a statement.

    The payment connect system is another important measure unveiled by the central government to support Hong Kong’s development, enhance people’s livelihoods, and promote cooperation between the mainland and Hong Kong, according to the statement.

    Through the system, users will be able to initiate cross-border remittances in renminbi and Hong Kong dollars in both locations via mobile and online banking channels, improving the efficiency of cross-border money transfers.

    Additionally, the costs of cross-border money transfers will be lowered as relevant payment infrastructures are connected directly within the system.

    The introduction of the system is also expected to facilitate economic and trade activities on the mainland and in Hong Kong, and to strengthen Hong Kong’s status as an international financial center, per the statement.

    A launch ceremony for the payment connect was held on Friday, attended by PBOC Governor Pan Gongsheng and Eddie Yue, chief executive of the Hong Kong Monetary Authority (HKMA).

    In its next step, the PBOC will enhance regulatory cooperation with the HKMA to ensure the smooth, orderly operations of the system.

    Institutions participating in the payment connect should comply strictly with relevant anti-money laundering, counter-terrorist financing, counter-proliferation financing and cross-border payment settlement laws and regulations, according to the PBOC statement.

    MIL OSI China News –

    June 21, 2025
  • MIL-OSI United Kingdom: Lurgan entrepreneur’s skincare brand thrives with help from Go Succeed programme

    Source: Northern Ireland City of Armagh

    Claire Geddis, pictured with Lord Mayor Alderman Stephen Moutray and Lady Mayoress Mrs Moutray, at the recent Lurgan Show.

    A Lurgan based entrepreneur is on a mission to bring the luxury spa experience directly into boutique hotel rooms as the artisan producer invests in a major expansion.

    Claire Geddis, founder of Wild Shore, has developed a unique organic spa collection designed to help people experience the healing power of nature, whether at home or while staying in a hotel that doesn’t have a spa.

    The business whose products have already been shipped as far afield as China, Australia, and the United States, is now targeting hotels and high-end B&Bs across Ireland and beyond, after receiving assistance from the government-backed enterprise support service, Go Succeed.

    Lord Mayor of Armagh City, Banbridge and Craigavon Borough, Alderman Stephen Moutray, said:

    “Claire’s journey is a fantastic example of the innovation and ambition we see in our local business community. Go Succeed is proud to support entrepreneurs like Claire who are taking bold steps to grow their business and represent Northern Ireland on the global stage.”

    Claire selling her products at the Artisan Market in Dromore.

    A former biologist and beauty therapist with 15 years’ experience, Claire combines her scientific background and hands-on knowledge of skincare to handcraft a collection that includes artisan soap, soaking salts, hand and body cream, and a soy candle – all infused with a bespoke blend of five essential oils: lavender, geranium, rosemary, cypress and thyme.

    “Every element is organic and made by hand using certified ingredients sourced from across the world,” said Claire. “At the heart of Wild Shore is a desire to let nature do what it does best. I’ve seen a rise in skin sensitivity, psoriasis and eczema, and I wanted to create something healing and luxurious, without the chemicals.”

    Now scaling up her business, Claire is focusing her efforts on the boutique hotel market, offering a bespoke in-room guest experience.

    “I’m working with boutique hotels to create a special welcome: a small gift box with a mini soap, soak and cream, and a booklet that shares the story behind the products. It instantly elevates the experience, giving guests that spa feeling from the moment they walk in the door – even if the hotel doesn’t have its own spa.”

    Since launching, Claire has showcased her products at events across the UK and Ireland including the Gifted Fair in Dublin’s RDS, the Belfast Holiday Show and will attend the European Horse Championships at Blenheim Palace later this year.

    To take the next step, Claire turned to Go Succeed – Northern Ireland’s free business support service delivered through all 11 councils – for mentoring and practical support.

    “I initially approached Go Succeed to explore financial advice, but the real value was in the mentoring,” she said. “They helped me refocus my business plan and dig deep into the numbers – what was really needed to scale for export. I wouldn’t be where I am now without that support.”

    Go Succeed offers free mentoring, peer networks, business planning support and access to funding opportunities, all designed to help entrepreneurs at every stage of their journey.

    Funded by the UK Government, Go Succeed is delivered via each of Northern Ireland’s 11 local councils and provides entrepreneurs with access to mentoring, events, grant funding, planning tools and business networks. Visit www.go-succeed.com to learn more.

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI United Kingdom: Coventry Very Light Rail welcomes Simon Lightwood, Minister for Local Transport

    Source: City of Coventry

    As part of Better Transport Week, Simon Lightwood MP visited the CVLR track in the city centre.

    Better Transport Week began on Monday, 16 June, and will run until 22 June. The annual event celebrates the importance of sustainable transport, which brings people together and connects communities.

    Simon Lightwood was welcomed by Councillor Jim O’Boyle, Mayor Richard Parker, and Ben Plowden, CEO, Campaign for Better Transport. He was introduced to CVLR and the track installation process, followed by a visit and ride on the innovative vehicle.

    Simon Lightwood, Minister for Local Transport, said: “I think it’s a fantastic innovation by the local authority, a really smooth, light, and airy ride. I can really see the benefits that it could bring, not only here in Coventry, but potentially to the rest of the world.”

    Councillor Jim O’Boyle, Cabinet Member for Jobs, Regeneration, and Climate Change at Coventry City Council, said: “There is no better place to celebrate Better Transport Week than in Coventry, where our innovation and manufacturing skills have enabled us to create a new very light rail system that has the potential to change how people move around small to medium sized cities. We are pleased to welcome Simon Lightwood, so we cannot only show him how brilliantly it works but also discuss the potential – that’s what’s really exciting.

    “This system will create jobs for local people, and this is just the beginning of our plans to put Coventry Very Light Rail at the heart of the growing green economy here in Coventry.”

    An interview with Simon Lightwood and Councillor O’Boyle is available to watch on YouTube.

    Published: Friday, 20th June 2025

    MIL OSI United Kingdom –

    June 21, 2025
  • MIL-OSI Russia: Seasonal flights Kashgar-Khujand to resume in July

    Translation. Region: Russian Federal

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

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

    URUMQI, June 20 (Xinhua) — Passenger flights linking Kashgar Prefecture in northwest China’s Xinjiang Uygur Autonomous Region and Tajikistan’s Khujand will resume on July 1 and will be operated regularly during the tourist peak season, the prefectural administration said, citing a statement from the Kashgar base of China’s Chengdu Airlines, which is headquartered in Chengdu, southwest China’s Sichuan Province.

    The roundtrip flights on this route will be operated by the domestically developed C909 regional passenger airliner, formerly known as the ARJ21, once a week on Tuesdays.

    According to the Kashgar Prefectural Checkpoint Management Office, the restoration of this route will facilitate international trade and economic cooperation and humanitarian exchanges, and will also increase the level of openness of Kashgar to the outside world, giving new impetus to the high-quality development of the regional economy.

    In June 2024, flight EU2977, operated by an ARJ21, departed from Laining International Airport, Kashgar County, to Khujand International Airport, Tajikistan, marking the launch of the route. This is the first route to Central Asia operated by the ARJ21, and the second international air service launched at Laining Airport that year.

    It should be recalled that Laining International Airport is the second largest air checkpoint in Xinjiang and one of the important hub airports of the Belt and Road Initiative. -0-

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI: NANO Nuclear and the Namibian Government Sign Memorandum of Understanding to Develop Namibian Domestic Nuclear Fuel Supply Chain Infrastructure

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., June 20, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced the signing of a Memorandum of Understanding (MoU) with the Namibia Industrial Development Agency (NIDA) to explore collaborative opportunities focused on developing the domestic nuclear fuel supply chain infrastructure within the Republic of Namibia.

    The MoU represents a shared vision between NANO Nuclear and NIDA to add significant value to the country’s uranium resources, support industrial development, and create new opportunities for Namibian citizens within the global nuclear energy market. With Namibia already ranked among the world’s top uranium producers, the collaboration aims to help position the country as a key player in the emerging secure and diversified global nuclear fuel supply chain.

    Figure 1 -NANO Nuclear Energy Inc. Chief Executive Officer James Walker and Richwell Lukonga, Chief Executive Officer of the Namibia Industrial Development Agency following the signing of the MoU.

    “This first step with NIDA reflects our long-term commitment to helping NIDA build a stable, localized, and internationally respected nuclear fuel supply chain in Namibia,” said James Walker, Chief Executive Officer of NANO Nuclear. “We are proud to work alongside Namibia to ensure that its natural resources can power not only domestic progress but also global energy resilience.”

    Under the MoU, NANO Nuclear and NIDA will work together to evaluate opportunities related to the development of infrastructure, technology transfer, education, job creation, and local workforce development in support of Namibia’s national nuclear energy development goals. NIDA will help coordinate government and stakeholder engagement, while NANO Nuclear will lead assessments related to industrial capability, fuel logistics, and potential international nuclear fuel supply contracts for NIDA.

    “This collaboration with Namibia highlights our mission to position the Company as a leader in the global clean energy transition and reinforces our strategic intent to secure the resources necessary to fuel the future of nuclear energy in the United States and abroad,” said Jay Yu, Founder and Chairman of NANO Nuclear. “NANO Nuclear brings the advanced nuclear expertise and commercial vision that align well with NIDA’s development mandate. Through education, infrastructure, and responsible industrial development, this collaboration will unlock meaningful opportunities for the Namibian people while supporting NANO Nuclear’s broader strategy to de-risk and decentralize the nuclear fuel supply chain.”

    Figure 2 – NANO Nuclear Energy Inc. Chief Executive Officer James Walker and Richwell Lukonga, Chief Executive Officer of the Namibia Industrial Development Agency at the signing of the MoU.

    As the world accelerates toward low-carbon energy solutions, the nuclear industry is experiencing a renaissance. By establishing Namibia as a trusted link in the global nuclear fuel supply chain, this collaboration will support energy security, economic diversification, and scientific advancement in southern Africa and beyond.

    Initial work under the MoU will focus on identifying viable areas for investment, conducting feasibility studies, and facilitating engagements with other government bodies, technical institutions, and international stakeholders. The MoU also envisions expanding the collaboration into areas of training, joint venture development, and nuclear-ready industrial site planning.

    NANO Nuclear and NIDA will also work to negotiate and enter into definitive agreement related to the collaboration in the future.

    About Namibia Industrial Development Agency (NIDA)

    The Namibia Industrial Development Agency (NIDA) is a commercial state-owned enterprise under Namibia’s Ministry of Industrialisation and Trade. NIDA’s mission is to drive inclusive and sustainable industrial development through investment facilitation, infrastructure development, and support for key growth sectors aligned with Namibia’s national development plans.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements include those regarding NANO Nuclear’s plans to collaborate with NIDA, and the goals of such collaboration, as described in this press release. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions or risks related to operations in Namibia, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the enacted ADVANCE Act and the May 23, 2025 presidential executive orders seeking to support nuclear energy, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Founder Group Management Comments on Market Conditions in the U.S. for Solar Power Companies’ Stocks

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, June 20, 2025 (GLOBE NEWSWIRE) — Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a leading engineering, procurement, construction, and commissioning (EPCC) solutions provider for solar photovoltaic systems in Malaysia, assures investors that the Company will not be impacted by a U.S. Senate panel’s proposed wind down of solar power tax credits by 2028.

    “Founder Group operates primarily in Malaysia and doesn’t have operations in the U.S. Therefore, the Company should not be affected by the sentiments currently causing selloffs of U.S. solar power stocks,” said Lee Seng Chi, Chief Executive Officer of Founder Group Limited. “Although we are listed on Nasdaq and trade alongside U.S. solar power stocks, we will not be impacted by the possible elimination of those tax credits.”

    “Our revenue is predominantly generated from the Malaysian market hence we are not affected by the changes suggested by President Donald Trump’s tax cut and spending bill,” Mr. Lee continued. “In the near future, our expansion will focus on regional expansion in Southeast Asia only. Expansion to the U.S. is not in our current plans.”

    About Founder Group Limited

    Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company’s primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company’s mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.

    For more information on the Company, please visit https://www.founderenergy.com.my/.

    Safe Harbor Statement

    This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

    CONTACT INFORMATION:

    For media queries, please contact:

    Founder Group Limited
    info@founderenergy.com.my

    Investor Relations Inquiries:

    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, New York 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Personal Loans for Bad Credit with Guaranteed Approval for Credit Scores 580 or Lower – Radcred Launches New Loan Platform For No Credit

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Radcred has launched its new platform for personal loans for individuals with bad credit, offering a streamlined and flexible process to secure loans despite poor credit scores. This innovative platform enables those with credit scores below 600 to secure quick, collateral-free loans, focusing on income and repayment ability rather than just credit scores.

    With fast approval times, flexible repayment terms, and no collateral required, Radcred’s platform provides a straightforward and transparent way for borrowers to access financial relief during times of urgent need. This new offering is designed to help individuals navigate unexpected expenses without the constraints of traditional credit-based lending practices.

    Why People with Poor Credit Scores Turn to Personal Loans for Bad Credit?

    Individuals with credit scores below 600 often face difficulties accessing traditional loan options. Traditional lenders typically rely on credit scores as the primary qualification metric, making it hard for people with poor credit to secure financial assistance. This gap in financial services has led to a growing demand for personal loans for individuals with bad credit, which offer a more flexible approach.

    Radcred’s platform addresses this need by considering borrowers’ income and repayment capacity, rather than focusing solely on their credit scores. Many people with bad credit turn to Radcred’s loan platform to cover urgent financial needs, such as medical bills, car repairs, or rent payments. The platform provides a lifeline to those who would otherwise be rejected by traditional lenders, offering quick and accessible loans based on their ability to repay rather than their credit history. This offers a crucial opportunity for individuals to meet their financial goals without the burden of an unacceptable credit score.

    Key Features of Radcred’s Personal Loans for Bad Credit Platform 

    Radcred’s platform is designed to offer borrowers a seamless, fast, and secure way to obtain personal loans, even with bad credit. The user-friendly process streamlines access to funds, prioritising income and repayment capacity over credit scores. With quick approvals, no collateral required, and flexible terms, Radcred provides an efficient and transparent loan experience. Key features include:

    • Fast Approval: Loans can be approved within minutes, with funds often deposited the same day, providing quick access to much-needed cash.
    • No Collateral Required: Unlike many traditional loans, Radcred’s platform does not require borrowers to put up assets as security, making it easier for those without valuable collateral to qualify.
    • Flexible Terms: Radcred offers repayment terms ranging from 1 to 3 years, allowing borrowers to choose the option that best fits their financial situation and budget.
    • Transparent Fees: There are no hidden fees; the APR and all fees are disclosed upfront, ensuring borrowers understand the total cost of their loan.
    • Accessibility: The entire process is conducted online, eliminating the need to visit a store or branch, making it convenient for borrowers to apply from the comfort of their own homes.

    These features combine to create an easy-to-use platform that simplifies the loan process for those who need it most. Radcred’s commitment to providing fast, transparent, and flexible personal loans makes it an excellent solution for individuals with poor credit.

    GET THE FINANCIAL RELIEF YOU NEED 

    How Radcred’s Personal Loans for Bad Credit Platform Works?

    Applying for a personal loan on Radcred’s platform is simple, quick, and user-friendly. The process is designed to be accessible for individuals with bad credit. With just a few easy steps, borrowers can complete the application online, receive instant approval, and get matched with lenders offering personalized loan terms based on their income and ability to repay.

    • Apply Online: To begin the process, visit Radcred’s website and complete a straightforward online application form. The process takes only a few minutes, allowing you to get started right away.
    • Soft Credit Check: Radcred performs a soft-pull credit inquiry, which does not affect your credit score. This step helps the platform understand your creditworthiness without negatively impacting your score.
    • Lender Matching: Once you apply, Radcred’s platform matches you with multiple lenders who offer personalized loan terms based on your profile. This step provides a variety of options for you to choose from, ensuring you find the best deal.
    • Review Offers: After receiving loan offers, you can review the details, including interest rates, repayment terms, and loan amounts. This transparency allows you to compare your options and choose the loan that best fits your needs.
    • Receive Funds: After selecting the best offer, you can accept the loan terms, and the funds will be deposited directly into your bank account, often on the same day.

    Radcred’s platform focuses on providing accessible, fast, and flexible loan options for individuals with bad credit, offering a quick and straightforward process that ensures you can get the financial help you need without long waits or complex procedures.

    Why Borrowers Turn to Radcred’s Personal Loans for Bad Credit?

    Many individuals with bad credit often find themselves facing limited borrowing options, especially when they need money quickly. This is where Radcred steps in, providing a lifeline to borrowers who traditional lenders may have rejected. The platform’s unique approach focuses on income and repayment capacity, rather than credit scores, making it easier for individuals with poor credit histories to secure loans.

    Radcred’s flexibility is a significant appeal, as it offers quick and easy access to loans that can help cover urgent expenses, such as medical bills, car repairs, or household costs. The fast approval process and same-day funding provide borrowers with immediate relief. The online application and matching with multiple lenders make the process seamless and efficient. By considering a borrower’s financial situation rather than focusing solely on their credit score, Radcred offers a truly accessible solution for those in need.

    COMPARE PERSONALIZED LOAN OFFERS WITH RADCRED

    Eligibility Requirements for Radcred’s Personal Loans for Bad Credit 

    To qualify for Radcred’s Personal Loans for Bad Credit, applicants must meet the following requirements: be at least 18 years old, a U.S. resident, and have a valid bank account for direct deposit. Proof of income is required to demonstrate the ability to repay the loan, and Radcred uses a soft-pull credit check that won’t affect your credit score.

    • Age: Applicants must be at least 18 years old.
    • Residency: You must be a U.S. resident.
    • Bank Account: A valid bank account is required for direct deposit of funds.
    • Income: Proof of income (such as pay stubs or bank statements) must be provided to demonstrate the ability to repay the loan.
    • Credit Check: Radcred uses a soft-pull credit inquiry, so applying won’t affect your credit score.
    • Flexible Criteria: Although credit scores are considered, they are not the sole determining factor in approval.

    The Benefits of Radcred’s Personal Loans for Bad Credit 

    Radcred’s platform offers several key benefits that set it apart from traditional loan providers. These include quick approval times, often within minutes, and same-day funding for eligible borrowers. With flexible repayment terms ranging from 1 to 3 years, no collateral required, and transparent fees, Radcred provides accessible loans tailored to individuals with bad credit.

    • Speed: Loans are approved quickly, often with same-day funding, offering fast access to cash when you need it most.
    • Flexibility: Repayment terms can range from 1 to 3 years, allowing borrowers to select a schedule that fits their financial situation.
    • Transparency: Radcred provides clear APRs and no hidden fees, so you know exactly what to expect.
    • No Collateral: The loans are unsecured, meaning you don’t need to risk your property or assets.
    • Accessible for Bad Credit: Radcred focuses on income and repayment ability rather than credit score, offering opportunities for individuals with poor credit.

    These benefits make Radcred’s platform an excellent option for individuals in need of financial relief but who struggle with traditional lenders.

    LEARN MORE ABOUT RADCRED’S LOAN PLATFORM

    How Radcred Connects Borrowers with Licensed Payday Lenders?

    Radcred operates as a marketplace, connecting borrowers with a network of licensed and vetted lenders. The platform carefully selects its lending partners to ensure they meet industry standards and comply with relevant regulatory requirements. Each lender in Radcred’s network is thoroughly vetted to guarantee they follow responsible lending practices and provide fair, transparent loan terms.

    By working with multiple lenders, Radcred provides borrowers with access to a range of loan options, enabling them to compare rates, terms, and conditions before selecting the best deal. This competitive environment ensures that borrowers receive personalized offers suited to their financial needs. Moreover, Radcred ensures consumer protection by partnering only with licensed lenders who adhere to legal standards, providing a safe and secure borrowing experience.

    About Radcred 

    Radcred is a fintech company dedicated to offering accessible and transparent financial solutions for individuals with poor credit. With a focus on customer empowerment, Radcred provides personal loans based on income and ability to repay rather than credit scores. The platform’s mission is to provide fast and flexible loan options to underserved populations. Radcred has helped thousands of borrowers secure affordable loans quickly and continues to expand its platform to meet the growing demand for accessible financial solutions.

    Final Thoughts: Radcred Provides Essential Relief for Low Credit Consumers 

    Radcred’s Personal Loans for Bad Credit platform offers a fast, flexible, and transparent solution for individuals struggling with poor credit. The platform’s quick approval process, no collateral requirements, and focus on income rather than credit score make it a valuable tool for those in need of urgent financial assistance. 

    Whether it’s medical bills or unexpected expenses, Radcred provides an essential service for those who may otherwise be excluded from traditional lending options. Visit Radcred.com today to apply for a personal loan and take control of your financial future.

    Disclaimer 

    Loans are subject to approval and available only to qualified applicants. Eligibility requirements vary by state. Radcred uses a soft-pull credit check, and credit scores are considered but not the sole determining factor. Loan terms, amounts, and approval times depend on the lender. Availability may be limited based on geographic restrictions.

    The MIL Network –

    June 21, 2025
  • MIL-OSI: Personal Loans for Bad Credit with Guaranteed Approval for Credit Scores 580 or Lower – Radcred Launches New Loan Platform For No Credit

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — Radcred has launched its new platform for personal loans for individuals with bad credit, offering a streamlined and flexible process to secure loans despite poor credit scores. This innovative platform enables those with credit scores below 600 to secure quick, collateral-free loans, focusing on income and repayment ability rather than just credit scores.

    With fast approval times, flexible repayment terms, and no collateral required, Radcred’s platform provides a straightforward and transparent way for borrowers to access financial relief during times of urgent need. This new offering is designed to help individuals navigate unexpected expenses without the constraints of traditional credit-based lending practices.

    Why People with Poor Credit Scores Turn to Personal Loans for Bad Credit?

    Individuals with credit scores below 600 often face difficulties accessing traditional loan options. Traditional lenders typically rely on credit scores as the primary qualification metric, making it hard for people with poor credit to secure financial assistance. This gap in financial services has led to a growing demand for personal loans for individuals with bad credit, which offer a more flexible approach.

    Radcred’s platform addresses this need by considering borrowers’ income and repayment capacity, rather than focusing solely on their credit scores. Many people with bad credit turn to Radcred’s loan platform to cover urgent financial needs, such as medical bills, car repairs, or rent payments. The platform provides a lifeline to those who would otherwise be rejected by traditional lenders, offering quick and accessible loans based on their ability to repay rather than their credit history. This offers a crucial opportunity for individuals to meet their financial goals without the burden of an unacceptable credit score.

    Key Features of Radcred’s Personal Loans for Bad Credit Platform 

    Radcred’s platform is designed to offer borrowers a seamless, fast, and secure way to obtain personal loans, even with bad credit. The user-friendly process streamlines access to funds, prioritising income and repayment capacity over credit scores. With quick approvals, no collateral required, and flexible terms, Radcred provides an efficient and transparent loan experience. Key features include:

    • Fast Approval: Loans can be approved within minutes, with funds often deposited the same day, providing quick access to much-needed cash.
    • No Collateral Required: Unlike many traditional loans, Radcred’s platform does not require borrowers to put up assets as security, making it easier for those without valuable collateral to qualify.
    • Flexible Terms: Radcred offers repayment terms ranging from 1 to 3 years, allowing borrowers to choose the option that best fits their financial situation and budget.
    • Transparent Fees: There are no hidden fees; the APR and all fees are disclosed upfront, ensuring borrowers understand the total cost of their loan.
    • Accessibility: The entire process is conducted online, eliminating the need to visit a store or branch, making it convenient for borrowers to apply from the comfort of their own homes.

    These features combine to create an easy-to-use platform that simplifies the loan process for those who need it most. Radcred’s commitment to providing fast, transparent, and flexible personal loans makes it an excellent solution for individuals with poor credit.

    GET THE FINANCIAL RELIEF YOU NEED 

    How Radcred’s Personal Loans for Bad Credit Platform Works?

    Applying for a personal loan on Radcred’s platform is simple, quick, and user-friendly. The process is designed to be accessible for individuals with bad credit. With just a few easy steps, borrowers can complete the application online, receive instant approval, and get matched with lenders offering personalized loan terms based on their income and ability to repay.

    • Apply Online: To begin the process, visit Radcred’s website and complete a straightforward online application form. The process takes only a few minutes, allowing you to get started right away.
    • Soft Credit Check: Radcred performs a soft-pull credit inquiry, which does not affect your credit score. This step helps the platform understand your creditworthiness without negatively impacting your score.
    • Lender Matching: Once you apply, Radcred’s platform matches you with multiple lenders who offer personalized loan terms based on your profile. This step provides a variety of options for you to choose from, ensuring you find the best deal.
    • Review Offers: After receiving loan offers, you can review the details, including interest rates, repayment terms, and loan amounts. This transparency allows you to compare your options and choose the loan that best fits your needs.
    • Receive Funds: After selecting the best offer, you can accept the loan terms, and the funds will be deposited directly into your bank account, often on the same day.

    Radcred’s platform focuses on providing accessible, fast, and flexible loan options for individuals with bad credit, offering a quick and straightforward process that ensures you can get the financial help you need without long waits or complex procedures.

    Why Borrowers Turn to Radcred’s Personal Loans for Bad Credit?

    Many individuals with bad credit often find themselves facing limited borrowing options, especially when they need money quickly. This is where Radcred steps in, providing a lifeline to borrowers who traditional lenders may have rejected. The platform’s unique approach focuses on income and repayment capacity, rather than credit scores, making it easier for individuals with poor credit histories to secure loans.

    Radcred’s flexibility is a significant appeal, as it offers quick and easy access to loans that can help cover urgent expenses, such as medical bills, car repairs, or household costs. The fast approval process and same-day funding provide borrowers with immediate relief. The online application and matching with multiple lenders make the process seamless and efficient. By considering a borrower’s financial situation rather than focusing solely on their credit score, Radcred offers a truly accessible solution for those in need.

    COMPARE PERSONALIZED LOAN OFFERS WITH RADCRED

    Eligibility Requirements for Radcred’s Personal Loans for Bad Credit 

    To qualify for Radcred’s Personal Loans for Bad Credit, applicants must meet the following requirements: be at least 18 years old, a U.S. resident, and have a valid bank account for direct deposit. Proof of income is required to demonstrate the ability to repay the loan, and Radcred uses a soft-pull credit check that won’t affect your credit score.

    • Age: Applicants must be at least 18 years old.
    • Residency: You must be a U.S. resident.
    • Bank Account: A valid bank account is required for direct deposit of funds.
    • Income: Proof of income (such as pay stubs or bank statements) must be provided to demonstrate the ability to repay the loan.
    • Credit Check: Radcred uses a soft-pull credit inquiry, so applying won’t affect your credit score.
    • Flexible Criteria: Although credit scores are considered, they are not the sole determining factor in approval.

    The Benefits of Radcred’s Personal Loans for Bad Credit 

    Radcred’s platform offers several key benefits that set it apart from traditional loan providers. These include quick approval times, often within minutes, and same-day funding for eligible borrowers. With flexible repayment terms ranging from 1 to 3 years, no collateral required, and transparent fees, Radcred provides accessible loans tailored to individuals with bad credit.

    • Speed: Loans are approved quickly, often with same-day funding, offering fast access to cash when you need it most.
    • Flexibility: Repayment terms can range from 1 to 3 years, allowing borrowers to select a schedule that fits their financial situation.
    • Transparency: Radcred provides clear APRs and no hidden fees, so you know exactly what to expect.
    • No Collateral: The loans are unsecured, meaning you don’t need to risk your property or assets.
    • Accessible for Bad Credit: Radcred focuses on income and repayment ability rather than credit score, offering opportunities for individuals with poor credit.

    These benefits make Radcred’s platform an excellent option for individuals in need of financial relief but who struggle with traditional lenders.

    LEARN MORE ABOUT RADCRED’S LOAN PLATFORM

    How Radcred Connects Borrowers with Licensed Payday Lenders?

    Radcred operates as a marketplace, connecting borrowers with a network of licensed and vetted lenders. The platform carefully selects its lending partners to ensure they meet industry standards and comply with relevant regulatory requirements. Each lender in Radcred’s network is thoroughly vetted to guarantee they follow responsible lending practices and provide fair, transparent loan terms.

    By working with multiple lenders, Radcred provides borrowers with access to a range of loan options, enabling them to compare rates, terms, and conditions before selecting the best deal. This competitive environment ensures that borrowers receive personalized offers suited to their financial needs. Moreover, Radcred ensures consumer protection by partnering only with licensed lenders who adhere to legal standards, providing a safe and secure borrowing experience.

    About Radcred 

    Radcred is a fintech company dedicated to offering accessible and transparent financial solutions for individuals with poor credit. With a focus on customer empowerment, Radcred provides personal loans based on income and ability to repay rather than credit scores. The platform’s mission is to provide fast and flexible loan options to underserved populations. Radcred has helped thousands of borrowers secure affordable loans quickly and continues to expand its platform to meet the growing demand for accessible financial solutions.

    Final Thoughts: Radcred Provides Essential Relief for Low Credit Consumers 

    Radcred’s Personal Loans for Bad Credit platform offers a fast, flexible, and transparent solution for individuals struggling with poor credit. The platform’s quick approval process, no collateral requirements, and focus on income rather than credit score make it a valuable tool for those in need of urgent financial assistance. 

    Whether it’s medical bills or unexpected expenses, Radcred provides an essential service for those who may otherwise be excluded from traditional lending options. Visit Radcred.com today to apply for a personal loan and take control of your financial future.

    Disclaimer 

    Loans are subject to approval and available only to qualified applicants. Eligibility requirements vary by state. Radcred uses a soft-pull credit check, and credit scores are considered but not the sole determining factor. Loan terms, amounts, and approval times depend on the lender. Availability may be limited based on geographic restrictions.

    The MIL Network –

    June 21, 2025
  • MIL-OSI Global: How artificial intelligence controls your health insurance coverage

    Source: The Conversation – USA – By Jennifer D. Oliva, Professor of Law, Indiana University

    Evidence suggests that insurance companies use AI to delay or limit health care that patients need. FatCameraE+ via Getty Images

    Over the past decade, health insurance companies have increasingly embraced the use of artificial intelligence algorithms. Unlike doctors and hospitals, which use AI to help diagnose and treat patients, health insurers use these algorithms to decide whether to pay for health care treatments and services that are recommended by a given patient’s physicians.

    One of the most common examples is prior authorization, which is when your doctor needs to
    receive payment approval from your insurance company before providing you care. Many insurers use an algorithm to decide whether the requested care is “medically necessary” and should be covered.

    These AI systems also help insurers decide how much care a patient is entitled to — for example, how many days of hospital care a patient can receive after surgery.

    If an insurer declines to pay for a treatment your doctor recommends, you usually have three options. You can try to appeal the decision, but that process can take a lot of time, money and expert help. Only 1 in 500 claim denials are appealed. You can agree to a different treatment that your insurer will cover. Or you can pay for the recommended treatment yourself, which is often not realistic because of high health care costs.

    As a legal scholar who studies health law and policy, I’m concerned about how insurance algorithms affect people’s health. Like with AI algorithms used by doctors and hospitals, these tools can potentially improve care and reduce costs. Insurers say that AI helps them make quick, safe decisions about what care is necessary and avoids wasteful or harmful treatments.

    But there’s strong evidence that the opposite can be true. These systems are sometimes used to delay or deny care that should be covered, all in the name of saving money.

    A pattern of withholding care

    Presumably, companies feed a patient’s health care records and other relevant information into health care coverage algorithms and compare that information with current medical standards of care to decide whether to cover the patient’s claim. However, insurers have refused to disclose how these algorithms work in making such decisions, so it is impossible to say exactly how they operate in practice.

    Using AI to review coverage saves insurers time and resources, especially because it means fewer medical professionals are needed to review each case. But the financial benefit to insurers doesn’t stop there. If an AI system quickly denies a valid claim, and the patient appeals, that appeal process can take years. If the patient is seriously ill and expected to die soon, the insurance company might save money simply by dragging out the process in the hope that the patient dies before the case is resolved.

    Insurers say that if they decline to cover a medical intervention, patients can pay for it out of pocket.

    This creates the disturbing possibility that insurers might use algorithms to withhold care for expensive, long-term or terminal health problems , such as chronic or other debilitating disabilities. One reporter put it bluntly: “Many older adults who spent their lives paying into Medicare now face amputation or cancer and are forced to either pay for care themselves or go without.”

    Research supports this concern – patients with chronic illnesses are more likely to be denied coverage and suffer as a result. In addition, Black and Hispanic people and those of other nonwhite ethnicities, as well as people who identify as lesbian, gay, bisexual or transgender, are more likely to experience claims denials. Some evidence also suggests that prior authorization may increase rather than decrease health care system costs.

    Insurers argue that patients can always pay for any treatment themselves, so they’re not really being denied care. But this argument ignores reality. These decisions have serious health consequences, especially when people can’t afford the care they need.

    Moving toward regulation

    Unlike medical algorithms, insurance AI tools are largely unregulated. They don’t have to go through Food and Drug Administration review, and insurance companies often say their algorithms are trade secrets.

    That means there’s no public information about how these tools make decisions, and there’s no outside testing to see whether they’re safe, fair or effective. No peer-reviewed studies exist to show how well they actually work in the real world.

    There does seem to be some momentum for change. The Centers for Medicare & Medicaid Services, or CMS, which is the federal agency in charge of Medicare and Medicaid, recently announced that insurers in Medicare Advantage plans must base decisions on the needs of individual patients – not just on generic criteria. But these rules still let insurers create their own decision-making standards, and they still don’t require any outside testing to prove their systems work before using them. Plus, federal rules can only regulate federal public health programs like Medicare. They do not apply to private insurers who do not provide federal health program coverage.

    Some states, including Colorado, Georgia, Florida, Maine and Texas, have proposed laws to rein in insurance AI. A few have passed new laws, including a 2024 California statute that requires a licensed physician to supervise the use of insurance coverage algorithms.

    But most state laws suffer from the same weaknesses as the new CMS rule. They leave too much control in the hands of insurers to decide how to define “medical necessity” and in what contexts to use algorithms for coverage decisions. They also don’t require those algorithms to be reviewed by neutral experts before use. And even strong state laws wouldn’t be enough, because states generally can’t regulate Medicare or insurers that operate outside their borders.

    A role for the FDA

    In the view of many health law experts, the gap between insurers’ actions and patient needs has become so wide that regulating health care coverage algorithms is now imperative. As I argue in an essay to be published in the Indiana Law Journal, the FDA is well positioned to do so.

    The FDA is staffed with medical experts who have the capability to evaluate insurance algorithms before they are used to make coverage decisions. The agency already reviews many medical AI tools for safety and effectiveness. FDA oversight would also provide a uniform, national regulatory scheme instead of a patchwork of rules across the country.

    Some people argue that the FDA’s power here is limited. For the purposes of FDA regulation, a medical device is defined as an instrument “intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease.” Because health insurance algorithms are not used to diagnose, treat or prevent disease, Congress may need to amend the definition of a medical device before the FDA can regulate those algorithms.

    If the FDA’s current authority isn’t enough to cover insurance algorithms, Congress could change the law to give it that power. Meanwhile, CMS and state governments could require independent testing of these algorithms for safety, accuracy and fairness. That might also push insurers to support a single national standard – like FDA regulation – instead of facing a patchwork of rules across the country.

    The move toward regulating how health insurers use AI in determining coverage has clearly begun, but it is still awaiting a robust push. Patients’ lives are literally on the line.

    Jennifer D. Oliva currently receives funding from NIDA to research the impact of pharmaceutical industry messaging on the opioid crisis among U.S. Military Veterans. She is affiliated with the UCSF/University of California College of the Law, San Francisco Consortium on Law, Science & Health Policy and Georgetown University Law Center O’Neill Institute for National & Global Health Law.

    – ref. How artificial intelligence controls your health insurance coverage – https://theconversation.com/how-artificial-intelligence-controls-your-health-insurance-coverage-253602

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Global: How artificial intelligence controls your health insurance coverage

    Source: The Conversation – USA – By Jennifer D. Oliva, Professor of Law, Indiana University

    Evidence suggests that insurance companies use AI to delay or limit health care that patients need. FatCameraE+ via Getty Images

    Over the past decade, health insurance companies have increasingly embraced the use of artificial intelligence algorithms. Unlike doctors and hospitals, which use AI to help diagnose and treat patients, health insurers use these algorithms to decide whether to pay for health care treatments and services that are recommended by a given patient’s physicians.

    One of the most common examples is prior authorization, which is when your doctor needs to
    receive payment approval from your insurance company before providing you care. Many insurers use an algorithm to decide whether the requested care is “medically necessary” and should be covered.

    These AI systems also help insurers decide how much care a patient is entitled to — for example, how many days of hospital care a patient can receive after surgery.

    If an insurer declines to pay for a treatment your doctor recommends, you usually have three options. You can try to appeal the decision, but that process can take a lot of time, money and expert help. Only 1 in 500 claim denials are appealed. You can agree to a different treatment that your insurer will cover. Or you can pay for the recommended treatment yourself, which is often not realistic because of high health care costs.

    As a legal scholar who studies health law and policy, I’m concerned about how insurance algorithms affect people’s health. Like with AI algorithms used by doctors and hospitals, these tools can potentially improve care and reduce costs. Insurers say that AI helps them make quick, safe decisions about what care is necessary and avoids wasteful or harmful treatments.

    But there’s strong evidence that the opposite can be true. These systems are sometimes used to delay or deny care that should be covered, all in the name of saving money.

    A pattern of withholding care

    Presumably, companies feed a patient’s health care records and other relevant information into health care coverage algorithms and compare that information with current medical standards of care to decide whether to cover the patient’s claim. However, insurers have refused to disclose how these algorithms work in making such decisions, so it is impossible to say exactly how they operate in practice.

    Using AI to review coverage saves insurers time and resources, especially because it means fewer medical professionals are needed to review each case. But the financial benefit to insurers doesn’t stop there. If an AI system quickly denies a valid claim, and the patient appeals, that appeal process can take years. If the patient is seriously ill and expected to die soon, the insurance company might save money simply by dragging out the process in the hope that the patient dies before the case is resolved.

    Insurers say that if they decline to cover a medical intervention, patients can pay for it out of pocket.

    This creates the disturbing possibility that insurers might use algorithms to withhold care for expensive, long-term or terminal health problems , such as chronic or other debilitating disabilities. One reporter put it bluntly: “Many older adults who spent their lives paying into Medicare now face amputation or cancer and are forced to either pay for care themselves or go without.”

    Research supports this concern – patients with chronic illnesses are more likely to be denied coverage and suffer as a result. In addition, Black and Hispanic people and those of other nonwhite ethnicities, as well as people who identify as lesbian, gay, bisexual or transgender, are more likely to experience claims denials. Some evidence also suggests that prior authorization may increase rather than decrease health care system costs.

    Insurers argue that patients can always pay for any treatment themselves, so they’re not really being denied care. But this argument ignores reality. These decisions have serious health consequences, especially when people can’t afford the care they need.

    Moving toward regulation

    Unlike medical algorithms, insurance AI tools are largely unregulated. They don’t have to go through Food and Drug Administration review, and insurance companies often say their algorithms are trade secrets.

    That means there’s no public information about how these tools make decisions, and there’s no outside testing to see whether they’re safe, fair or effective. No peer-reviewed studies exist to show how well they actually work in the real world.

    There does seem to be some momentum for change. The Centers for Medicare & Medicaid Services, or CMS, which is the federal agency in charge of Medicare and Medicaid, recently announced that insurers in Medicare Advantage plans must base decisions on the needs of individual patients – not just on generic criteria. But these rules still let insurers create their own decision-making standards, and they still don’t require any outside testing to prove their systems work before using them. Plus, federal rules can only regulate federal public health programs like Medicare. They do not apply to private insurers who do not provide federal health program coverage.

    Some states, including Colorado, Georgia, Florida, Maine and Texas, have proposed laws to rein in insurance AI. A few have passed new laws, including a 2024 California statute that requires a licensed physician to supervise the use of insurance coverage algorithms.

    But most state laws suffer from the same weaknesses as the new CMS rule. They leave too much control in the hands of insurers to decide how to define “medical necessity” and in what contexts to use algorithms for coverage decisions. They also don’t require those algorithms to be reviewed by neutral experts before use. And even strong state laws wouldn’t be enough, because states generally can’t regulate Medicare or insurers that operate outside their borders.

    A role for the FDA

    In the view of many health law experts, the gap between insurers’ actions and patient needs has become so wide that regulating health care coverage algorithms is now imperative. As I argue in an essay to be published in the Indiana Law Journal, the FDA is well positioned to do so.

    The FDA is staffed with medical experts who have the capability to evaluate insurance algorithms before they are used to make coverage decisions. The agency already reviews many medical AI tools for safety and effectiveness. FDA oversight would also provide a uniform, national regulatory scheme instead of a patchwork of rules across the country.

    Some people argue that the FDA’s power here is limited. For the purposes of FDA regulation, a medical device is defined as an instrument “intended for use in the diagnosis of disease or other conditions, or in the cure, mitigation, treatment, or prevention of disease.” Because health insurance algorithms are not used to diagnose, treat or prevent disease, Congress may need to amend the definition of a medical device before the FDA can regulate those algorithms.

    If the FDA’s current authority isn’t enough to cover insurance algorithms, Congress could change the law to give it that power. Meanwhile, CMS and state governments could require independent testing of these algorithms for safety, accuracy and fairness. That might also push insurers to support a single national standard – like FDA regulation – instead of facing a patchwork of rules across the country.

    The move toward regulating how health insurers use AI in determining coverage has clearly begun, but it is still awaiting a robust push. Patients’ lives are literally on the line.

    Jennifer D. Oliva currently receives funding from NIDA to research the impact of pharmaceutical industry messaging on the opioid crisis among U.S. Military Veterans. She is affiliated with the UCSF/University of California College of the Law, San Francisco Consortium on Law, Science & Health Policy and Georgetown University Law Center O’Neill Institute for National & Global Health Law.

    – ref. How artificial intelligence controls your health insurance coverage – https://theconversation.com/how-artificial-intelligence-controls-your-health-insurance-coverage-253602

    MIL OSI – Global Reports –

    June 21, 2025
  • MIL-OSI Africa: Togo: African Development Bank strengthens partnership with civil society

    Source: Africa Press Organisation – English (2) – Report:

    The African Development Bank (www.AfDB.org) held its first-ever Civil Society Open Day in Lomé, Togo, on 3 June. The event brought together representatives from the Togolese government, around 30 national and international civil society organisations (CSOs), and Bank staff — all committed to strengthening development partnerships in Togo.

    The key personalities at the event all emphasised this shared vision.

    Opening the event, Stéphane Akaya, Secretary General of Togo’s Ministry of Economy and Finance, stressed the importance of civil society: “This open day with the African Development Bank reaffirms our joint commitment to inclusive and transparent progress. We are seeking to strengthen a tripartite partnership, where civil society is engaged from conception through to evaluation in order to ensure effective, people-centred development.”

    Seconding Mr Akaya’s point, Wilfrid Abiola, Head of the Togo Country Office of AfDB Group, said: “The African Development Bank Group remains committed to strengthening collaboration with Togolese civil society, which is a key player in sustainable development.”

    The CSO Open Day in Lomé aimed to strengthen collaboration between the Bank and civil society by sharing information on the Bank’s development operations and projects in Togo. It also sought to encourage dialogue on the role of CSOs throughout the project cycle — from planning and preparation to implementation, supervision, and completion.

    “We are keen to strengthen our partnership with civil society organisations in Togo, encouraging open dialogue and promoting their full participation in the projects that we support,” Zeneb Touré, Head of the AfDB’s Civil Society and Community Engagement Division, said.

    Minemba Traore, Senior Civil Society Officer for West Africa at the Bank Group, shared information on the institution’s engagement with CSOs, while Ndey Oley Cole, Senior Programme Officer in the AfDB’s Gender, Women and Civil Society Department, presented a summary of the exchanges.

    Key outcomes and next steps from the discussions included:

    • Greater involvement of civil society: CSOs will be included in all phases of development projects.
    • Creation of a formal dialogue platform: The Bank, government, and CSOs will work together to establish a permanent forum for ongoing consultation.
    • Capacity building for CSOs: Training will be provided in project monitoring and evaluation, proposal writing, and market access strategies.
    • Improved communication: The Bank will share information on its activities in Togo in a more dynamic and accessible way, better meeting the needs of partners and the public.
    • Promotion of social inclusion and diversity: Efforts will be made to ensure greater participation of young people and women in development initiatives.
    • Development of a detailed action plan: Concrete deliverables and clear deadlines will guide follow-up and ensure effective implementation of commitments.

    The Open Day laid the foundations for closer partnerships, which can provide spaces for exchange, consultation and collaboration between the Bank, CSOs and other stakeholders in Togo.

    Such an approach will enable the AfDB to better understand local priorities, discuss partnership opportunities and receive input from civil society on the projects that it finances in Togo.

    The initiative is aligned with the Bank Group’s Civil Society Engagement Action Plan 2024-2028, which was approved last year. Under Pillar 3 of this action plan, particular attention will be paid to strengthening dialogue with civil society organisations in the countries where the Bank works. Holding of civil society open days in regional member countries of the Bank is a key mechanism for operationalising this commitment.

    – on behalf of African Development Bank Group (AfDB).

    Link to photo album:
    https://apo-opa.co/4kMeIrx

    Media contact:
    Evelia Gadegbeku
    Communication and External Relations Department
    media@afdb.org 

    Media files

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    MIL OSI Africa –

    June 21, 2025
  • MIL-OSI USA: Outlining Maine Economic Benefits of Foreign Students, Senator King Urges Secretary of State Rubio to Reconsider Harmful Pause

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. –U.S. Senator Angus King (I-ME) called on the State Department to reinstate student visa programs for the benefit of Maine schools and the state’s local economy. In a letter to Secretary of State Marco Rubio, King outlined the immediate impact of revoking student visas on schools in Maine like Thornton Academy, the University of New England (UNE), Foxcroft Academy, College of the Atlantic and the University of Maine (UMaine) System.

    Senator King began, “I write to underscore the critically harmful impacts that the Department of State’s decision to pause new visa interviews for international students, as well as the Department’s threats to revoke visas of Chinese students, are having on schools across the state of Maine.”

    “These actions are deterring international families from sending their students to the U.S.—the tuition of which contributes significantly to the revenue of secondary schools and institutions of higher education in Maine. Thornton Academy, which functions as the public high school for students in Saco, and its neighboring towns in Maine, has already seen a loss of $120,000 in revenue due to the withdrawal of Chinese education programs from their summer camp. Thornton Academy anticipates a potential annual loss of $6.6 million should the Administration’s policy remain in place—a loss of one third of the school’s annual budget for employee salary payments,” King continued.

    King concluded, “International students studying at schools in Maine are subsidizing the cost of local education, saving taxpayers money, and providing Maine students with unmatched opportunities. These are not funds coming from the pockets of our community, the taxes of our businesses, or from the federal government. These are funds brought in from outside of the United States and used to the benefit of all our students both domestic and international.

    King has long supported the impact and contributions of international students. Earlier this year, he introduced legislation to streamline the bureaucratic process for international students to obtain legal status and bolster the United States’ STEM labor force. 

    The full text of the letter can be found here and below.

    +++

    Dear Secretary Rubio:

    I write to underscore the critically harmful impacts that the Department of State’s decision to pause new visa interviews for international students, as well as the Department’s threats to revoke visas of Chinese students, are having on schools across the state of Maine.

    These actions are deterring international families from sending their students to the U.S.—the tuition of which contributes significantly to the revenue of secondary schools and institutions of higher education in Maine. Thornton Academy, which functions as the public high school for students in Saco, and its neighboring towns in Maine, has already seen a loss of $120,000 in revenue due to the withdrawal of Chinese education programs from their summer camp. Thornton Academy anticipates a potential annual loss of $6.6 million should the Administration’s policy remain in place—a loss of one third of the school’s annual budget for employee salary payments. College of the Atlantic, a small liberal arts college in Bar Harbor, Maine, projects a loss of thirty five percent of their net tuition due to these policies. These are just a few examples—schools across Maine report that real and projected reductions in international student enrollments, and the corresponding loss of revenue associated with their tuition, will almost certainly result in staff layoffs. These layoffs will not only harm students but also have a damaging ripple effect on our local economies.

    The non-monetary contributions of these students to Maine communities cannot be overstated. Our state university system hosts students from 85 countries. Foxcroft Academy, a day and boarding school in Dover-Foxcroft, Maine, hosts about 20% of its entire student population from countries around the world. These students bring diverse cultures and perspectives to their new communities and create an opportunity for all Maine students to consider the world with a far greater exposure than otherwise possible.

    Not only does Maine benefit from these students, but the education that they receive in our state has also taken them far—international students who studied in Maine have participated in global academic competitions, become published authors, and have even become professors themselves. The Administration has yet to provide a compelling reason for its decision to rob our communities of this worthwhile exchange.

    International students studying at schools in Maine are subsidizing the cost of local education, saving taxpayers money, and providing Maine students with unmatched opportunities. These are not funds coming from the pockets of our community, the taxes of our businesses, or from the federal government. These are funds brought in from outside of the United State and used to the benefit of all our students both domestic and international.

    I urge you to reconsider the Department of State’s policies regarding international student visa pauses and revocations, for the benefit of Maine and the entire nation.

    Sincerely,

    MIL OSI USA News –

    June 21, 2025
  • MIL-OSI Russia: Russia is becoming a key player in the new architecture of the global economy

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The geopolitical fragmentation of the global economy opens up new opportunities for Russia to cooperate with the countries of the Global South and strengthen its own role in global processes. This is stated in the HSE report presented at the St. Petersburg International Economic Forum as part of the VTB session.

    Analysts emphasize that the global economy is currently divided into three large blocs – the United States, China and non-aligned countries, which is accompanied by a reduction in trade and investment between them by 12% and 20% since 2022. Despite this, developing countries are increasing their share in world trade: the volume of trade between the countries of the Global South has grown from $2.3 trillion in 2007 to $5.6 trillion in 2023. This indicates the formation of new economic ties and growth centers.

    The report notes that the reversal of trade imbalances in 2024 – with the US deficit widening and China’s surplus rising, and the EU moving into positive balance – creates risks of new trade wars and investment reallocation, requiring companies to diversify supplies and expand their partner networks. Logistics challenges caused by conflicts in the Middle East and problems in the Suez and Panama Canals are stimulating the development of alternative routes, including the Northern Sea Route and “green corridors” for the accelerated delivery of critical cargo.

    Particular attention is paid to the role of the so-called connector countries – Malaysia, Vietnam and India, which are strengthening trade ties with individual partners, while Russia, Australia and the EU are reducing their dependence on traditional markets, which contributes to the formation of sustainable regional trade turnover.

    In the Russian context, experts note that human capital is becoming the main resource for economic growth: the average length of education for Russians aged 25–44 is 14 years, which is higher than in the US and Europe, but further investment in science and R&D is needed to realize this potential. In the context of the crisis, Russia has seen an increase in the production of high-tech products, the development of domestic tourism and paid services, as well as an increase in exports, which are less sensitive to sanctions.

    Investment activity is most noticeable in the small and medium enterprise sector and in the production of investment goods, which contributes to the diversification of the economy and the creation of new jobs. Key challenges include tightening monetary policy, rising credit costs, labor shortages and tax pressure, especially in the manufacturing industry.

    The authors of the report emphasize that a balanced budget policy and support for those employed in the public sector are necessary for macroeconomic stability, and sustainable growth is possible only with the simultaneous strengthening of the internal and external sustainability of the economy. In conditions of turbulence, Russia can play a key role in the formation of a new architecture of the global economy, focused on cooperation with the countries of the Global South and the creation of alternative development models.

    The report was prepared as part of the VTB session “In Search of New Sources of Growth: Is a Different Model of Global Financial and Trade Architecture Possible” at the St. Petersburg International Economic Forum. The session was attended by: Andrey Kostin, President and Chairman of the Management Board of VTB Bank; Yaroslav Kuzminov, Academic Director of the Higher School of Economics; Ahmed bin Mohammed Al Sayyed, Minister of State for Foreign Trade of Qatar; Oleg Deripaska, Founder, En Group; Serhat Keksal, President of the Black Sea Trade and Development Bank; Alexey Overchuk, Deputy Prime Minister of the Russian Federation; Benedict Okey Oramah, President and Chairman of the Board of Directors of Afreximbank; Anton Siluanov, Minister of Finance of the Russian Federation.

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

    MIL OSI Russia News –

    June 21, 2025
  • MIL-OSI: Same Day Payday Loans no Credit Check Guaranteed Approval – Radcred Now Offers Fast, No Credit Check, and Instant Approval Loan for Borrowers in Need For Urgent Financial Needs

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 20, 2025 (GLOBE NEWSWIRE) — In 2025, same day payday loans have become a crucial solution for individuals facing urgent financial needs. These loans offer quick access to funds without the traditional delays associated with standard lending processes. With a growing number of platforms offering no-credit-check options, they are especially attractive for those in need of fast payday loans but who may have difficulty securing traditional credit.

    Radcred’s new same day payday loans platform is one such solution, providing quick approval, secure transactions, and the opportunity to receive funds on the same day. This service is designed to meet the needs of borrowers who require instant payday loans services for immediate relief.

    Why Do People Apply for Same Day Payday Loans?

    Same day payday loans have gained popularity due to the urgency many borrowers face in times of financial distress. Here’s why these loans are in demand:

    • Urgency: People often need immediate cash to cover unexpected expenses such as medical bills, car repairs, or utility payments. Same day payday loans provide a quick solution in these situations.
    • No Credit Check: These loans appeal to individuals with low or no credit scores. Since they don’t require traditional credit checks, borrowers without perfect credit can access funds when needed the most.
    • Quick Funding: Instant payday loans offer fast approval and funding, making them ideal for urgent financial needs. For many, the ability to receive funds within hours is critical for resolving immediate issues.

    Same day payday loans online are especially helpful for those who need a personal loan no credit check. These loans are accessible and offer a fast payday loan solution for those in need.

    In urgent need of funds? Start your loan application today.

    How Does Radcred’s Same Day Payday Loan Platform Work?

    Step 1: Application
    Start by visiting Radcred’s website and completing a simple online application. The form asks for basic personal details like income and employment status.

    Step 2: Soft-Pull Credit Check
    Radcred conducts a soft-pull credit check to evaluate eligibility. This process does not affect your credit score, ensuring minimal impact on your credit report.

    Step 3: Lender Matching
    Once your application is submitted, Radcred’s platform instantly matches you with lenders that offer suitable loan terms based on your profile.

    Step 4: Review & Accept Offer
    You can review the loan terms, including APR, repayment schedule, and fees. If the terms meet your needs, accept the offer.

    Step 5: Receive Funds
    After acceptance, the funds are transferred directly to your bank account. Most same day payday loans online are processed and sent within hours, allowing you to access funds quickly.

    This streamlined process is designed for speed, security, and convenience, ensuring that eligible borrowers can get quick payday loans without delays.

    Key Benefits of Applying for Same Day Payday Loans with Radcred

    Radcred’s same-day online payday loans offer several advantages that make them a quick access to fund option for those in urgent need of funds:

    • Speed: One of the main benefits is the fast approval and funding process. Borrowers can receive their funds on the same day, often within hours, making it ideal for emergency situations.
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    The MIL Network –

    June 21, 2025
  • MIL-OSI Russia: SPIEF-2025: Integration of Education, Science and Business

    Translation. Region: Russian Federal

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

    The first day of the Polytechnic University at the Expoforum site during the St. Petersburg International Economic Forum was eventful. Rector of SPbPU Andrey Rudskoy took part in several events organized by the Ministry of Science and Higher Education, and also signed a number of cooperation agreements.

    In the morning, experts discussed the topic of personnel training to ensure technological leadership. Opening the session, Deputy Minister of Science and Higher Education Olga Petrova noted that one of the key steps taken to synchronize the personnel training process with the demands of industrial customers and taking into account the challenges associated with the reset of the geopolitical situation was the creation of advanced engineering schools. The Deputy Minister also mentioned the Priority 2030 program, which was reconfigured this year in the direction of technological leadership. And in all projects launched on January 1, 2025, special attention is paid to personnel training. Therefore, the key principles in the new model of higher education are fundamentality, practice-orientedness and flexibility, which allows for the formation of an optimal personnel training scheme in communication with industrial partners.

    Rector of SPbPU Andrey Rudskoy developed the topic, sharing the Polytechnic University’s experience in implementing practice-oriented learning, students completing real projects and R&D for industry, for which new educational technologies are used.

    “Each university has its own forms and formats of training that are closely related to the implementation of real industrial or technological tasks. The general public should know about this,” says Andrey Rudskoy. “The Ministry of Science and Higher Education has created a media activity rating, and it shows how a particular university works with different audiences, including future engineers or industrialists. I cannot help but note that Polytechnic University has been in the top three for the second year, including holding first place. We also won a grant from the ministry for the popularization of science, and I think that at the end of the year, a large work by our teachers, scientists, and colleagues from the industrial sector will be published, which will be called “Popularization of Digital Engineering Tools in the Activities of a Modern Engineering University within the Framework of the Concept of Achieving Technological Leadership in Russia.” A serious work, serious reviewers from the Academy of Sciences. Of course, we will send this book to all engineering universities so that they can learn something useful for themselves.”

    The discussion was also attended by Rector of the National Research Nuclear University MEPhI Vladimir Shevchenko, Vice-Rector for Science and Digital Development of Bauman Moscow State Technical University Pavel Drogovoz, Acting Rector of Tomsk Polytechnic University Leonid Sukhikh, Director of the Young Professionals Department of the Agency for Strategic Initiatives Alexander Vaino. The session was moderated by Vice-Rector of the National Research University Higher School of Economics Dmitry Zemtsov.

    The topic of interaction between universities and businesses was developed at the afternoon session “Cooperation between universities and industries to achieve technological leadership goals,” which was held by Andrey Sharonov, CEO of the National Alliance for Social and Environmental Responsibility, Corporate Governance and Sustainable Development and Chairman of the Supervisory Board of the Association of Digital Platforms.

    In order for Russia to achieve technological leadership and move to a modern system of higher education, it is necessary not only to reform the work of universities from within, but also to significantly strengthen their ties with the business community. The session participants discussed which forms of interaction between universities and businesses show the best results in strengthening the country’s technological potential; how partnerships with companies affect the level of professional training of students, the relevance of curricula, and graduates’ chances of finding a job; how to organize the productive participation of business representatives in the development of educational programs, the educational process, and students’ project activities; what role the state should play in the development and dissemination of effective models of interaction between universities and industry, etc.

    Deputy Minister of Science and Higher Education of the Russian Federation Dmitry Afanasyev named the principles of strategic reorientation. The first is focusing on state and industry priorities of technological development, the second is building a unique architecture of interaction with partners by universities. It is important to take into account that the work should be carried out for the future, including the creation of those industries and specialties that do not yet exist, but there is an understanding that they will be needed. It is necessary to reboot all key development programs, such as Priority 2030, PIS, Campus, etc. And, finally, this is a new model of higher education, which is being built in an active dialogue with employers, industrial partners and represents a single fundamental, professional and socio-ideological core with a real practice-oriented educational programs and early professionalization, immersion in real projects and tasks, while being flexible, with the ability to adjust educational programs and sets of competencies to the tasks of technological development of industries.

    SPbPU Rector Andrey Rudskoy, using the example of the Polytechnic University, showed that effective interaction with partner companies makes it possible to promptly update educational programs, making them as compliant as possible with the requirements of the modern labor market, and also contributes to the faster implementation of innovative developments.

    Ensuring technological leadership is a common task, and the university today is an active participant in this large-scale work, Andrey Ivanovich emphasized.

    The session was also attended by Olga Dergunova, Senior Vice President — Head of VTB-Education at VTB Bank, Director of the Graduate School of Management at St. Petersburg State University; Dmitry Zauers, Deputy Chairman of the Management Board at Gazprombank; Rostislav Kovalevsky, Director of Innovations at EFKO Management Company; Oleg Krestinin, CEO of METALLOINVEST Management Company; and Kirill Menshov, Senior Vice President, Head of the Technology Block at Sberbank.

    In addition to participating in panel discussions, the rector of SPbPU met with business partners at the St. Petersburg stand to conclude cooperation agreements. As the head of the university coordinating the activities of the consortium “Russian-African Network University” (RAFU), Andrey Rudskoy signed an agreement on the accession of the Institute of Africa of the Russian Academy of Sciences to RAFU. The agreement was also signed by the director of the Institute of Africa Irina Abramova.

    Currently, the consortium includes more than 90 Russian educational, scientific organizations and companies, and on the African side – 45 universities and organizations from 15 countries. The Institute of Africa’s accession to the consortium is very important, because it is focused specifically on working with African countries, studying their history, culture, and everyday life. I am confident that our new partner will make a significant contribution to a deeper understanding of this continent and the peoples inhabiting it, – commented Andrey Rudskoy.

    “It is a great honor for me to become a member of this network university, because Africa is, first and foremost, people. In 2100, 40 percent of the world’s population will live in Africa, which means that a lot will change, and we need to prepare for this now,” added Irina Abramova. “The most important thing is, what will the people who make up 40 percent of the population be like? First of all, they must be educated, they must be self-sufficient, but at the same time, they must preserve their culture and traditions. And it is precisely the preparation of such friendly elites who protect national interests and look to the future that the network university is engaged in.”

    At the St. Petersburg International Economic Forum, Andrey Rudskoy represents not only the Polytechnic University, but also the St. Petersburg Branch of the Russian Academy of Sciences, which he has headed since 2023. As Chairman of the St. Petersburg Branch of the Russian Academy of Sciences, he signed several cooperation agreements.

    The subject of the agreement with the Archival Committee of St. Petersburg was the establishment of partnership relations and the development of long-term and effective cooperation, which includes educational activities and the holding of popular science events.

    Andrey Rudskoy and the Chairman of the Archive Committee of St. Petersburg Pyotr Tishchenko agreed that the goal of cooperation would be to unite the efforts of the scientific and educational community to improve the scientific, educational and cultural level of the population of the Russian Federation; dissemination of knowledge about the history of Russia and its achievements, milestones in the development of the Russian Academy of Sciences; objective coverage of historical facts and events; development of scientific, educational and educational projects; holding joint cultural and educational events; popularization of domestic science; assistance in increasing the prestige of scientific activity, etc.

    After the signing ceremony, Andrey Rudskoy shared a secret: We are currently deciding on the creation of a museum of the history of the Russian Academy of Sciences on 5 University Embankment. And without the Central Archive, it will be difficult for us, because it contains a huge mass of documents that reflect the history of the Russian Academy of Sciences: personal files, letters of outstanding people, academics, travelers. I hope that we will creatively bring this project to life together.

    Pyotr Tishchenko said that on June 9, thanks to the help of scientists from the Institute of History, a decree from the founder of St. Petersburg, Peter the Great, on how to build in the Northern capital was discovered in the Central Archive.

    “Without a scientific basis, we will not be able to extract more benefit from the treasure that archives store,” the head of the Archives Committee believes. “But the most difficult thing is to capture our history in a world where digital has become a part of life as reliably as our predecessors preserved the memory of the past. Science should help build archives of the future and teach how to work in them using modern tools, so we are joining forces.”

    A cooperation agreement was also concluded between the St. Petersburg Branch of the Russian Academy of Sciences and the St. Petersburg Chamber of Commerce and Industry. The signing was attended by the Chairman of the St. Petersburg Branch of the Russian Academy of Sciences Andrey Rudskoy and the President of the St. Petersburg Chamber of Commerce and Industry Vladimir Katenev.

    The agreement provides for the development of a strategic partnership for the joint implementation of scientific, applied and innovative projects; assistance in bringing high-tech solutions developed on the basis of the Russian Academy of Sciences to the market; the formation of a sustainable ecosystem of interaction between science, industry, business support institutions and education; support for the export potential of science-intensive products and competencies; the development of mechanisms for certification, independent assessment and promotion of scientific results; joint training and retraining of specialists taking into account modern industrial requirements and technological trends.

    The partners hope that the cooperation will contribute to strengthening the interaction between science and business, developing innovative and technological cooperation, popularizing the results of scientific activity and supporting entrepreneurship.

    “The Chamber of Commerce and Industry unites all the leading enterprises of St. Petersburg, it is at the forefront of all projects that are being implemented in the industry and economy of our city,” Andrey Rudskoy noted after the signing. “And, of course, this is of utmost importance to us, because I am sure that our science in symbiosis with enterprises, in addition to the fundamental, has great practical significance. Most importantly, we are faced with a colossal task – to achieve technological leadership, and here we must jointly make every effort.”

    “Maybe I’ll say it pragmatically, but our task is to monetize the achievements that exist in our big science, so that it doesn’t turn out like in the story of Lefty, who shoed a flea, and that’s where the business ended,” Vladimir Katenyov supported. “We must bring the achievements of science to the people, to our industry, we really value this cooperation and will work with great pleasure.”

    The work at the stand ended with the signing of a trilateral cooperation agreement between the St. Petersburg branch of the Russian Academy of Sciences, OOO Expert Analytics Center and Vedomosti Newspaper in the Northwestern Federal District.

    The documents were signed by the Chairman of the St. Petersburg Branch of the Russian Academy of Sciences Andrey Rudskoy, the General Director of the Expert Analytics Center Kristina Muravyova and the Director of the Vedomosti Newspaper in the Northwestern Federal District Alexander Shchelkanov.

    The ceremony participants confirmed their desire to improve the quality and depth of scientific and analytical research, expand areas and directions of cooperation, create intra-Russian scientific collaborations, and support joint projects, competitions, and awards.

    “For us, the analysis of the activities of academic institutes is very important, this will allow them to find partners from among enterprises, on the basis of which they could realize their interests,” commented Andrey Rudskoy. “The second point is that we are interested in international activities. Here we must be careful, but, on the other hand, expand contacts between organizations. And the third, of course, is the popularization of science.”

    “The TechUspekh award is already successfully operating at the federal level, and we would like to hold it in the regions as well,” Aleksandr Shchelkanov supported. “Our format is to popularize technologies, investments, what is interesting to the business audience, but we need to strengthen expertise. That is why we have had the Opinion Leader award for two years now, and I think that an entire nomination will be dedicated to science, and it will be possible to compete in a fair and competitive struggle, because both readers and the expert community vote.”

    “In addition to information support, we will be directly involved in scientific and analytical work,” Kristina Muravyova revealed the details of the cooperation. “Working with RAS academicians gives us the opportunity to apply real research in big science in practice and show businesses that innovations can be quickly applied and it is not necessary to wedge in only at the stage when you can make a profit from it, but sometimes it is profitable to stand at the origins of fundamental research in order to be ahead of the rest of the world. And given that technological progress is now moving at a rapid pace, we hope that the combination of academicians’ expertise in fundamental science and experts with deep industry knowledge will allow the academy to participate, among other things, in monitoring the formation of routing maps for project implementation at all stages, including investment and commissioning. In order to understand whether it is worth launching a project or not, such an expert association, in our opinion, will be as comfortable as possible for both business and the state. And here the academy takes on the main role in order to be a guarantor of security.”

    Read about other events of SPIEF-2025 in our next publications.

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

    MIL OSI Russia News –

    June 21, 2025
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