Category: Economy

  • MIL-OSI USA: Senators Marshall & Baldwin Introduce Bill to Strengthen Rail Supply & Improve Freight Rail Services for American Farmers & Businesses

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Washington – On Wednesday, U.S. Senator Roger Marshall, M.D. (R-Kansas) joined Senator Tammy Baldwin (D-Wisconsin) in reintroducing the Reliable Rail Service Act, which addresses unreliable service and high rail shipping costs for farmers and manufacturers and aims to strengthen our rail supply chains. It ensures major freight railroads deliver reliable service at reasonable rates, enabling American businesses to get products to market more efficiently.
    “Kansas’s farmers and ranchers depend upon reliable transport of their world-class goods to the rest of the country, and Class 1 railroads are not meeting expectations – this is a disservice to hard-working Kansans,” said Senator Marshall. “This bill lays out reasonable requirements for rail carriers to meet these important obligations, and I look forward to working with Senator Baldwin on getting this to the finish line.”
    “Across the Badger State, our farmers, small businesses, and manufacturers rely on rail service to get their products to market and make ends meet,” said Senator Baldwin. “But when rail service is unreliable, it puts their livelihoods on the line, disrupts supply chains, and drives up costs for hardworking Wisconsin families. That’s why I am proud to work with my Republican colleague to once again introduce our Reliable Rail Service Act and help level the playing field for Wisconsin workers, grow our Made in Wisconsin economy, and keep costs down for consumers.”
    The Reliable Rail Service Act is supported by members of the agricultural industry, labor organizations, energy producers, and manufacturers who know firsthand how poor service, significant disruptions, and sky-high prices are impacting their businesses and prices for consumers.
    Click here to read the full text of the bill.

    MIL OSI USA News

  • MIL-OSI Europe: Answer to a written question – New GAR-based reporting standards introduced under the EU’s sustainable finance policies – E-000904/2025(ASW)

    Source: European Parliament

    The Commission emphasises the need for large financial institutions to disclose alignment with Taxonomy criteria. The Commission intends to address issues with the methodology of the Green Asset Ratio as part of the planned review of the Taxonomy Disclosures Delegated Act[1]. A draft amending Delegated Regulation was published for consultation between 26 February and 26 March 2025[2].

    Financial institutions are also expected to benefit from the possibility to disclose economic activities meeting only certain criteria, like climate change mitigation.

    This is reflected in the proposed amendment to the Corporate Sustainability Reporting Directive to revise reporting rules and better reflect the transition efforts introducing disclosures of partial alignment with the Taxonomy.

    In view of meeting the environment and climate objectives, the 8th Environment Action Programme Mid-Term Review[3] calls for collaborative efforts to render laws effective and promote clean solutions.

    Simplification, modernisation, digitalisation and funding are pivotal. Successful implementation hinges on overcoming challenges to ensure stakeholder buy-in, showcasing the benefits of the green transition.

    The Commission commits to ongoing dialogue with Member States, fostering understanding of climate risks and opportunities and building support for effective policies. This approach precedes legislative revisions, adhering to evidence-based policy-making aligned with Better Regulation guidelines.

    In addition, inclusive dialogues with stakeholders ensure that policies enshrined in the European Green Deal contribute to a just and competitive transition.

    Notably, the Clean Industrial Deal[4] that facilitates achievement of EU climate goals by incentivising industry decarbonisation, was supported by stakeholder initiatives like the Antwerp Declaration for a European Industrial Deal[5] and Clean Transition Dialogues[6], tailored to sectors such as automotive, steel, metals and chemicals.

    • [1] Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation
      OJ L 443, 10.12.2021, p. 9-67.
    • [2] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14546-Taxonomy-Delegated-Acts-amendments-to-make-reporting-simpler-and-more-cost-effective-for-companies_en.
    • [3] COM(2024)123 final.
    • [4] COM(2025) 85.
    • [5] https://antwerp-declaration.eu/.
    • [6] COM (2024)163 final.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – New GAR-based reporting standards introduced under the EU’s sustainable finance policies – E-000904/2025(ASW)

    Source: European Parliament

    The Commission emphasises the need for large financial institutions to disclose alignment with Taxonomy criteria. The Commission intends to address issues with the methodology of the Green Asset Ratio as part of the planned review of the Taxonomy Disclosures Delegated Act[1]. A draft amending Delegated Regulation was published for consultation between 26 February and 26 March 2025[2].

    Financial institutions are also expected to benefit from the possibility to disclose economic activities meeting only certain criteria, like climate change mitigation.

    This is reflected in the proposed amendment to the Corporate Sustainability Reporting Directive to revise reporting rules and better reflect the transition efforts introducing disclosures of partial alignment with the Taxonomy.

    In view of meeting the environment and climate objectives, the 8th Environment Action Programme Mid-Term Review[3] calls for collaborative efforts to render laws effective and promote clean solutions.

    Simplification, modernisation, digitalisation and funding are pivotal. Successful implementation hinges on overcoming challenges to ensure stakeholder buy-in, showcasing the benefits of the green transition.

    The Commission commits to ongoing dialogue with Member States, fostering understanding of climate risks and opportunities and building support for effective policies. This approach precedes legislative revisions, adhering to evidence-based policy-making aligned with Better Regulation guidelines.

    In addition, inclusive dialogues with stakeholders ensure that policies enshrined in the European Green Deal contribute to a just and competitive transition.

    Notably, the Clean Industrial Deal[4] that facilitates achievement of EU climate goals by incentivising industry decarbonisation, was supported by stakeholder initiatives like the Antwerp Declaration for a European Industrial Deal[5] and Clean Transition Dialogues[6], tailored to sectors such as automotive, steel, metals and chemicals.

    • [1] Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by specifying the content and presentation of information to be disclosed by undertakings subject to Articles 19a or 29a of Directive 2013/34/EU concerning environmentally sustainable economic activities, and specifying the methodology to comply with that disclosure obligation
      OJ L 443, 10.12.2021, p. 9-67.
    • [2] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14546-Taxonomy-Delegated-Acts-amendments-to-make-reporting-simpler-and-more-cost-effective-for-companies_en.
    • [3] COM(2024)123 final.
    • [4] COM(2025) 85.
    • [5] https://antwerp-declaration.eu/.
    • [6] COM (2024)163 final.

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Hawala banking – E-001447/2025(ASW)

    Source: European Parliament

    Hawala is an informal, trust-based money transfer system often used for money remittances. It operates outside traditional banking, without using authorised financial institutions.

    Under EU legislation, all operators providing payment services[1] must become authorised payment institutions. This mandates such operators to perform customer due diligence[2] and report suspicious transactions to law enforcement authorities[3].

    Enforcement actions have been ongoing since 2019, both at national level and through international monitoring mechanisms. The Commission actively participates in the Financial Action Task Force and MONEYVAL[4] mutual evaluation processes, which assess countries’ compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) standards.

    These evaluations have identified risks associated with informal value transfer systems, including hawala, in both EU Member States and third countries.

    They recommend strengthening supervision and adopting measures, practices and detailed guidelines on effective parallel financial investigations.

    Conducting these types of funds transfers informally and without authorisation already exposes their perpetrators to the risk of being severely sanctioned in all EU Member States. Hence, making a legislative proposal to limit the use of hawala has so far not been considered necessary.

    Instead, the focus remains on practical enforcement and supervision. With the entry into application of the AML/CFT package adopted in 2024[5] and the establishment of the AML Authority (AMLA), the EU and its Member States will further enhance their capacities to supervise illicit financial flows, including when performed through unauthorised hawala activities.

    • [1] Which includes money remittance, as per Annex I, point 6 of Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market (PSD2).
    • [2] As per Article 11 of Directive (EU) 2015/849, OJ L 141, 5.6.2015, p. 73-117.
    • [3] As per Article 33 of Directive (EU) 2015/849, OJ L 141, 5.6.2015, p. 73-117.
    • [4] Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism.
    • [5] https://finance.ec.europa.eu/news/latest-update-anti-money-laundering-and-countering-financing-terrorism-legislative-package-2024-04-24_en.
    Last updated: 19 June 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Extent of the EU’s protection against hybrid threats – E-000524/2025(ASW)

    Source: European Parliament

    The Commission has undertaken several initiatives to protect democracy in the EU, in particular with the European Democracy Action Plan of 2020 and the Defence of Democracy Package of 2023[1].

    Their success is reflected, among other things, in the general satisfaction of respondents to standard Eurobarometer surveys with the way democracy works in the EU[2].

    As regards transparency of financial flows, several pieces of EU legislation are relevant. Regulation (EU) 2024/900 on the transparency and targeting of political advertising[3], which will enter into full application on 10 October 2025, will support national oversight of funding of political advertising and minimise the risk of information manipulation and foreign interference by requiring the provision, among others, of oversight authorities and record-keeping of information on the amounts received for political advertising services.

    As part of the Defence of Democracy package the Commission presented a legislative proposal that aims to enhance transparency and democratic accountability of interest representation activities on behalf of third countries which seek to influence policies, decision making and the democratic space. The proposal is currently being discussed by the co-legislators.

    In terms of following the money in general, Member States’ competent authorities will have better access to the information they need with the application of the anti-money laundering package[4], which was adopted by the co-legislators in 2024, and will enter into application in July 2027.

    In 2025, the Commission will propose a European Democracy Shield, which will, among other things, set out steps to combat foreign information manipulation, interference and disinformation.

    • [1] https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6453.
    • [2] Standard Eurobarometer 102 — Autumn 2024 — November 2024 — Eurobarometer survey https://europa.eu/eurobarometer/surveys/detail/3215; Standard Eurobarometer 100 — Autumn 2023 — December 2023 — Eurobarometer survey https://europa.eu/eurobarometer/surveys/detail/3053; Standard Eurobarometer 98 — Winter 2022-2023 — February 2023 — Eurobarometer survey https://europa.eu/eurobarometer/surveys/detail/2872.
    • [3] https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32024R0900.
    • [4] https://finance.ec.europa.eu/financial-crime/anti-money-laundering-and-countering-financing-terrorism-eu-level_en#policy-making-timeline .

    MIL OSI Europe News

  • MIL-OSI Europe: Answer to a written question – Strengthening support for renewable hydrogen to meet EU energy and climate targets – E-001831/2025(ASW)

    Source: European Parliament

    Since 2020, the EU has set up a comprehensive regulatory framework to support the scale up of renewable hydrogen, including enabling financing under the European Hydrogen Bank (EHB).

    After two auctions already implemented under this financial initiative to support hydrogen production in Europe[1], by the end of 2025 the Commission will launch a third auction, with a budget of up to EUR 1 billion from the Innovation Fund (IF).

    The IF also provides funding to hydrogen-related projects through its regular grants[2]. By the end of 2025, the results of the latest regular grant call (IF24) will be published and a new call will be opened.

    Moreover, to enhance impact from its calls, the IF implemented the ‘as-a-Service’ feature[3], allowing Member States[4] to allocate national funding in addition to the Innovation Fund. This feature will be available again in upcoming calls.

    The Commission also works to establish joint European auctions for imports of renewable hydrogen. Under a Team Europe approach, willing Member States will be able to pool funding and attract competitive bids from third-country producers, thus further supporting the decarbonisation of their industry and transport sectors as well as contributing to wider goals such as the development of key import infrastructure corridors.

    The Commission will launch the Mechanism to support market development of hydrogen[5] in the third quarter of 2025. It will bring together buyers and sellers[6] on an online platform, enabling them to find potential commercial partners, and connecting them with financial support.

    • [1] Through the three auction calls, the EHB will have made available EUR 3 billion in grants: https://climate.ec.europa.eu/eu-action/eu-funding-climate-action/innovation-fund/competitive-bidding_en.
    • [2] Under the IF, more than 40 projects covering the full hydrogen value chain are already receiving a total of EUR 3 billion in regular grants.
    • [3] https://climate.ec.europa.eu/eu-action/eu-funding-climate-action/innovation-fund/competitive-bidding_en#auctions-as-a-service-aaas.
    • [4] Germany, Austria, Spain and Lithuania have already contributed, together, with almost EUR 1.2 billion in national resources in the IF23 and IF24 Auctions.
    • [5] In accordance with the mandate received pursuant to Regulation (EU) 1789/2024 of the European Parliament and of the Council of 13 June 2024 on the internal markets for renewable gas, natural gas and hydrogen.
    • [6] The Hydrogen Mechanism covers renewable and low-carbon hydrogen and its derivatives (ammonia, methanol, eSAFs).
    Last updated: 19 June 2025

    MIL OSI Europe News

  • MIL-OSI Europe: Press release – Clean Industrial Deal must marry industrial competitiveness with climate action

    Source: European Parliament

    The Industrial Decarbonisation Bank and action plan for affordable energy are crucial for the competitiveness and resilience of European industry, MEPs say.

    The resolution, adopted on Thursday 19 June in response to the European Commission’s Clean Industrial Deal plan, stresses the need to combine climate action with industrial competitiveness.

    It underscores the importance of the newly established Industrial Decarbonisation Bank, which MEPs consider vital for scaling up investment in clean technologies. Investment should be based on carbon impact, scalability, and security of supply, they say.

    Parliament welcomes lead markets for European-made clean, circular and low-carbon products, and stresses the need to stimulate demand through public and private procurement.

    MEPs also advocate for the protection of the EU market from unfair competition and the dumping of industrial overcapacity from third countries. They underline the importance of an effective carbon border adjustment mechanism (CBAM) in the context of phasing out free allowances under the emissions trading system (ETS).

    Faster permitting procedures

    The resolution addresses the importance of regulatory simplification and the need to streamline permitting procedures to support the transition and innovation efforts of small businesses. MEPs want to simplify funding applications, reduce reporting obligations, and fast-track small projects.

    They also want to build the business case for permanent carbon removals in upcoming legislative reviews, as carbon management, including capture, storage, transport, and utilisation, may be necessary for hard-to-abate sectors, they say.

    Affordable energy action plan

    MEPs support the action plan for affordable energy and demand measures to boost cross-border energy infrastructure and complete the energy union. The current fragmentation of regulatory oversight and investment planning across Member States is hampering integration and electrification, they say. MEPs also call on Member States, transmission system operators and the Commission to do more to promote cross-border electricity trading.

    Quote

    “European industry is facing enormous challenges, while a strong industrial base is essential for our competitiveness and strategic autonomy. The Clean Industrial Deal offers a strategy for a competitive and decarbonised European industry. At the same time, it seeks to protect our autonomy and secure jobs. This Deal is an important first step, but time is running out. We urge the Commission to act without delay and raise its level of ambition. When it comes to industrial policy, European cooperation is more crucial than ever” said lead MEP Tom Berendsen (EPP, Netherlands).

    The resolution was adopted with 381 votes to 173, with 13 abstentions.

    Background: Clean Industrial Deal

    Presented by the European Commission in February, the Clean Industrial Deal aims to support the competitiveness and resilience of European industry. It focuses mainly on two sectors: energy-intensive industries and clean technology, and aims to lower energy costs via an action plan on affordable energy. The Clean Industrial Deal also seeks to boost demand for clean products, further finance the clean transition and improve circularity, access to critical raw materials and the establishment of sectoral skills for strategic industries.

    MIL OSI Europe News

  • MIL-OSI Banking: Timor-Leste kicks off negotiations to join Government Procurement Agreement

    Source: World Trade Organization

    Ambassador Antonio Da Conceicao of Timor-Leste stated to the Committee: “Joining the Government Procurement Agreement is part of a broader national strategy to strengthen good governance, align with international standards and support our successful integration into the global economy. “

    Timor-Leste as part of its accession to the WTO committed to submitting an initial market access offer in its GPA accession negotiation in August of this year.

    The Committee also discussed the well-advanced accession negotiations of Albania and Costa Rica. Both members submitted their “final” market access offers earlier this year and will continue to engage with GPA parties, with a view to finalizing their accession processes as soon as possible. China’s accession negotiation was also discussed.

    The Committee also welcomed Guatemala as its 37th observer. 

     e-GPA Notification System launched

    The Committee noted that the e-GPA Notification System, launched on 16 June, marks a milestone in the digital transformation of Committee work. It will facilitate GPA parties’ compliance with their transparency obligations under the Agreement.

    The system enables the online submission of notifications required under the GPA 2012 (e.g. on government procurement statistics, procurement thresholds in national currencies, national implementing legislation, etc.) and related communications by GPA parties to the Committee.

    Background

    The GPA 2012 is a plurilateral agreement that aims to open government procurement markets among its parties on a reciprocal basis and to the extent agreed between GPA parties. It also aims to make government procurement more transparent and to promote good governance.

    The Agreement currently has 22 parties, covering 49 WTO members, including the European Union and its 27 member states (counted as one party). While open to all WTO members, it is binding only for those members that have acceded to it. The list of current GPA parties can be found here.

    Reciprocal market opening assists GPA parties in purchasing goods and services that offer the best value for money. The Agreement provides legal guarantees of non-discrimination for the goods, services and suppliers of GPA parties in covered procurement activities, which are worth an estimated USD 1.7 trillion annually. Government procurement typically accounts for about 15 per cent of developed and developing economies’ GDP. 

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    MIL OSI Global Banks

  • MIL-OSI United Nations: Experts of the Committee on the Elimination of Discrimination against Women Commend Thailand on Gender Inclusive Climate Action, Ask about Combatting Patriarchal Stereotypes and Ensuring Education for Marginalised Girls

    Source: United Nations – Geneva

    The Committee on the Elimination of Discrimination against Women today concluded its consideration of the eighth periodic report of Thailand, with Committee Experts commending Thailand on its climate change master plan, which was gender inclusive, while raising questions about how the State was combatting patriarchal stereotypes and ensuring the right to education for marginalised girls. 

    A Committee Expert congratulated Thailand on the steps being taken to revise the climate change master plan which focused on gender and social inclusive climate action, including climate finance, adaptation and mitigation, recognising that women and girls experienced disproportionately greater loss and damage from the impacts of climate change. 

    Another Expert said Thailand remained a patriarchal society where women were expected to be caregivers while men were seen as leaders, which was reinforced in the media and other avenues.  What programmes were in place to dismantle harmful gender stereotypes?  Were there programmes to engage men and boys in efforts to transform discriminatory social norms?  What mechanisms were in place to ensure that women from all communities could access justice and public services without stigma or discrimination? 

    A Committee Expert said the Committee was concerned about the high dropout rates among stateless and refugee girls and the fact that Patani Malay girls were discouraged from continuing their education due to early marriage and lack of education in Malay. Were there policies specifically targeted for expanding education to minorities?  What steps were being taken to ensure the safety of girls living in the Southern Border Provinces?

    The delegation said Thailand was aware that gender stereotypes were ingrained, and this would take a lifetime effort to overcome.  Currently, changing the mindset of the people was difficult.  It was important to raise awareness and re-learn what was appropriate.  The Department of Women’s Affairs coordinated with academics to work with young people on a project to identify sexist language in textbooks in schools.  A guidebook had been created and distributed to teachers to provide guidance on how to combat harmful gender stereotypes in schools. 

    The delegation said there were mechanisms in place to ensure women from marginalised groups received education.  There were schools established in the Southern Border Provinces, with border patrol officers teaching the students.  The State provided safety in all areas to prevent threats to students. A religious school, supported by the Government, was located in the Southern Border Provinces, providing additional opportunities for students. 

    Introducing the report, Ramrung Worawat, Director-General of the Department of Women’s Affairs and Family Development, Ministry of Social Development and Human Security of Thailand, head of the delegation, said the act amending the Civil and Commercial Code (no. 24) or the equal marriage act came into force in January 2025.  The act raised the minimum marriage age from 17 to 18 years old, adopted gender-neutral terms on marriage, permitted child adoption by same-sex couples, and ensured inheritance rights to them.  Recent results of the general election in 2023 reflected a notable increase in the number of women and lesbian, gay, bisexual, transgender and intersex individuals elected to leadership positions.  The current cabinet included eight females at ministerial rank, the highest number in Thailand’s political history.   

    In closing remarks, Ms. Worawat said the discussion with the Committee had been very fruitful. The State would aim to take forward the Committee’s recommendations, with a will to transform them into concrete actions.

    In her closing remarks, Nahla Haidar, Committee Chair, thanked Thailand for the constructive dialogue which had provided further insight into the situation of women and girls in the country. 

    The delegation of Thailand was comprised of representatives of the Ministry of Social Development and Human Security; the Ministry of Public Health; the Ministry of Foreign Affairs; the Administrative Centre of the Southern Border Provinces; the Royal Thai Police; the Office of the Attorney General; the National Institute of Development Administration; and the Permanent Mission of Thailand to the United Nations Office at Geneva.

    The Committee on the Elimination of Discrimination against Women’s ninety-first session is being held from 16 June to 4 July.  All documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet at 10 a.m. on Friday, 20 June to begin its consideration of the eighth periodic report of Ireland (CEDAW/C/IRL/8).

    Report

    The Committee has before it the eighth periodic report of Thailand (CEDAW/C/THA/8).

    Presentation of Report

    RAMRUNG WORAWAT, Director-General of the Department of Women’s Affairs and Family Development, Ministry of Social Development and Human Security of Thailand, head of the delegation, said women made up just over half of Thailand’s population and almost 70 per cent of those were women between 15 to 59 years of age.  Since the submission of Thailand’s last report in 2017, Thailand had been revising and drafting laws to further promote women’s rights, gender equality, and the elimination of all forms of discrimination against women. 

    The act amending the Civil and Commercial Code (no. 24) or the equal marriage act came into force in January 2025.  The act raised the minimum marriage age from 17 to 18 years old, adopted gender-neutral terms on marriage, permitted child adoption by same-sex couples, and ensured inheritance rights to them.  In addition, the gender equality act was being reviewed to ensure it further aligned with international standards. 

    The draft anti-discrimination act would strengthen the legal basis for the elimination of discrimination on all grounds, including sex and gender, and address situations of multiple and intersecting discrimination.  Furthermore, the draft act on the protection and promotion of the way of life of ethnic groups was being considered by the Parliament.  The act focused on eliminating discrimination and promoting equality based on cultural diversity.  The plan of action on women’s development (2023-2027) was developed to ensure women’s participation in socio-economic development and to promote their leadership in public spaces. 

    The National Women’s Development Policy and Strategy Committee and the Committee for the Promotion of Gender Equality were responsible for setting and driving gender equality policies.  A substantial budget was allocated for the main agencies, with an additional budget allocated to assist specific groups of women and advance gender equality in an integrated manner.  A strategic plan for the promotion and protection of children and youth in the use of online media was being developed, and a coordinating centre, Child Online Protection Action Thailand, was established to lead collaborative efforts with partners. 

    Thailand continued its policy of inclusive education and provided 15 years of free education for all children without discrimination.  The country supported royal-initiated “Phiengluang Schools” for special target groups in border or underserved areas with limited access to rights and social welfare.  An online teacher training programme aimed to help schools and teachers plan inclusive sexuality education. 

    Economic empowerment measures had been introduced to protect both formal and informal female workers.  The Women’s Role Development Fund was established to enable women to pursue careers and income opportunities, improve women’s access to financial resources, and expand childcare services for children under three years old to promote equality in family responsibilities.  The child support grant programme and the state welfare card programme provided monthly allowances and financial assistance to support low-income households. 

    Women were increasingly taking part in politics at the national and local levels and within the public administration.  Recent results of the general election in 2023 reflected a notable increase in the number of women and lesbian, gay, bisexual, transgender and intersex individuals elected to leadership positions.  The current cabinet included eight females at ministerial rank, the highest number in Thailand’s political history.  There were currently 15 female provincial governors, including the appointment of the first Muslim female governor of Pattani Province in 2022. 

    The Thai Government promoted universal access to public health services and implemented measures to ensure that vulnerable women, including informal female workers and registered migrant women, could access healthcare.  All women and girls were guaranteed equal access to health services under the Universal Health Coverage Scheme.  The most challenging task for Thai Government agencies was advanced and disaggregated data collection.  Enhanced data collection would enable Thailand to better implement policies and undertake targeted actions to empower specific groups. 

    In October 2024, the Cabinet approved guidelines to accelerate the resolution of nationality and legal status issues for long-term migrants and their children born in Thailand, to ensure the legal recognition and integration of stateless individuals who had lived in the Kingdom for extended periods, as well as their Thai-born descendants. 

    The draft policy on administration and development in the Southern Border Provinces (2025-2027) was developed to support vulnerable groups, strengthen family and community roles in problem-solving, and develop networks of women and youth to foster peace at the family and community level.  The Coordination Centre for Women and Children in the Southern Border Provinces was established as a joint mechanism between the Government and civil society, serving as a platform to coordinate and mobilise resources, receive complaints, and resolve issues involving women and children.

    Thailand had developed a national adaptation plan for climate change, with a strong emphasis on gender dimensions at every stage, from planning and decision-making to community participation.  The country was committed to promoting gender equality and to upholding and protecting the human rights of women, girls, lesbian, gay, bisexual, transgender and intersex individuals, and those facing multiple and intersecting forms of discrimination.  Thailand’s progress in gender equality was not just a matter of fulfilling international obligations, but a national priority. 

    Statement by the National Human Rights Institution

    PORNPRAPAI GANJANARINTR, Chairperson of the National Human Rights Commission of Thailand, said while the Thai Government had made efforts to promote gender equality, many women, especially those from vulnerable groups, continued to face serious barriers in accessing their basic rights.  Women with disabilities faced violence and barriers in accessing the justice system, were subjected to forced sterilisation and abortion, and were excluded from decision-making processes.  Ethnic women remained without legal status and were not protected under the law.  Women in detention faced overcrowding, with 46 per cent of women’s detention facilities in Thailand exceeding their capacity, leading to poor hygiene, limited space, and mental health issues. 

    These cases illustrated that many women were still blocked from accessing basic rights due to deep-rooted discrimination.  The National Human Rights Commission of Thailand believed that the structural reform needed action in three key areas: inclusive participation in policymaking bodies at different levels; legal reform and proper enforcement; and the empowerment of women.  It was vital to ensure that every woman, regardless of her background, could fully enjoy her rights.

    Questions by a Committee Expert

    RANGITA DE SILVA DE ALWIS, Committee Expert and Country Rapporteur

    signalled two significant law reform initiatives.  Thailand was the first country in Southeast Asia to guarantee same sex marriage in 2024. The marriage equality bill had helped bend the arch of justice toward all.  The organic act on anti-corruption (No. 2) included provisions to protect those who reported corruption. 

    The Committee looked forward to the expedited revision of the domestic violence law and the new sex worker protection law.  Thailand’s national artificial intelligence strategy must remain vigilant as this was an important new frontier for gender justice and women’s leadership.  Thailand was encouraged to cite the Convention as an authoritative tool in all jurisprudence. 

    How would Thailand broaden the civic space for female journalists and female human rights defenders? How did Thailand provide protection from arbitrary arrest for women human rights defenders?  How were they ensured the right to a fair trial?  How were they protected from online crimes and cyber harassment?  How did the Safe Internet Coalition address hate speech and tech-facilitated gender-based violence?  How was free speech for women guaranteed in politics? 

    Despite the de facto moratorium on the death penalty, Thailand had one of the largest proportions of women on death row, predominately for drug-related offenses. Many of these women had faced numerous stressors throughout their lives, including mental health problems.  Would Thailand consider reviewing mandatory sentencing guidelines so that specific exculpatory or mitigatory factors such as homelessness and metal health were considered? 

    Thailand should be lauded for its women, peace and security plan, which addressed both traditional and non-traditional security challenges.  Not citing the Convention in relation to climate change was a missed opportunity.  How were Muslim women, indigenous women, and lesbian, gay, bisexual, transgender and intersex women engaged as peacemakers?  Would cyber security be considered in the women, peace and security plan? 

    Responses by the Delegation

    The delegation said pregnant women were entitled to paid maternity leave, to protect the health and safety of mothers and children.  This was considered a form of positive discrimination.  Male, female and lesbian, gay, bisexual, transgender and intersex inmates were separated in prisons to ensure their rights.  Thailand recognised the important role of women human rights defenders, and they had been identified as a key target group under the national human rights plan.  The plan included special provisions for developing laws and mechanisms to protect this group.  Thailand had been forced to strengthen its legislative framework to create a safe and enabling environment for human rights defenders.  The anti-corruption act aimed to protect whistleblowers reporting corruption or public misconduct. 

    A course had been developed to promote internet awareness among children, youth and older persons.  In Thailand, most victims of online scams were older persons.  The implementation of the training was carried out in collaboration with public and private companies, academics and non-governmental organizations.  The training fostered skills to ensure safe and secure internet use.  Work to strengthen child and youth protection mechanisms on online media was driven by child protection committees and child protection centres. 

    The Department of Corrections was fully committed to ensuring the protection of the rights of all women in custody.  Special attention was given to the emotional wellbeing of women prisoners and their accompanying children.  Women were subject to non-invasive scans to avoid invasive strip searches.  Women prisoners underwent initial screenings by medical staff upon entry, and were ensured that their specific health needs were fulfilled.  Counselling services were provided to female inmates at least one month, and those who required further psychological support were identified. 

    Female death row inmates benefitted from the right to communicate with their family.  For pregnant women facing capital punishment, the sentence would be suspended until three years after the child was born. The human rights of female death row inmates were ensured, while also upholding legal and ethical safeguards.

    Thailand had participated in many United Nations peacekeeping operations for several decades, and believed female peacekeepers helped foster trust within the communities. The State was committed to providing more female peacekeepers.  Thailand was finalising the national action plan on women, peace and security for 2024 to 2027, which would focus on women affected by conflict-affected situations. It was expected to be launched by the end of 2025.  Gender initiatives had been integrated into several aspects of the peacekeeping module, including training courses. 

    The Southern Border Provinces Administrative Centre had established the subdistrict Peace Councils in 317 subdistricts.  Thailand’s climate change response aimed to allocate a budget for funding assistance to support women engaging in climate change and revise laws which created barriers for women’s participation. 

    Questions by Committee Experts

    A Committee Expert recognised important advances, including the marriage equality act, and the adoption of a national strategy on this issue.  What measures had the State party adopted to ensure the territorialised adoption of gender policies in areas affected by armed conflict?  What measures had been taken to harmonise religious and customary laws with State legislation and gender equality?  How was it ensured that data collected reflected the multiple inequalities by marginalised groups? 

    Another Expert said the Committee was happy to note that the Government had improved relevant policies and regulations and formulated a national action plan for women’s development.  During the pandemic, the Government took a variety of measures to improve women’s working measures and legal provisions.  Would the State party adopt temporary special measures to address the persistent underrepresentation of women in the public and private sectors? 

    Would special measures be adopted to address intersecting forms of discrimination faced by women from marginalised groups, including indigenous women and elderly women? Would temporary special measures be adopted to further reduce poverty and levels of violence for women in Southern Border Provinces, including female genital mutilation?  Would these measures be coupled with capacity building to ensure their effectiveness?

    Responses by the Delegation

    The delegation said Thailand had established gender-responsive budgeting.  Seminars had been organised by Government officials and representatives of the private sector to ensure that gender-responsive budgeting was understood, and that women and girls could benefit from the national budget.  The private business sector cooperated with United Nations Women to integrate gender-responsive budgeting into business operations. 

    A study had been conducted which focused on the allocation of quotas for women and gender diverse individuals at national and local levels of politics.  The Government encouraged political parties to include women proportionally to men in their candidate lists.  Thailand’s number of female candidates had dramatically increased since 2019 and was on a positive trend.   

    Under the application of Islamic law in certain provinces, the Islamic family law was currently applied to Muslim citizens in the Southern Border Provinces.  A hybrid court system was responsible for handling cases involving disputes with family cases.  Muslim women who were victims of domestic violence and sexual violence could seek assistance through alternative avenues.  Marriages were regulated under the Central Islamic Committee, which prohibited marriage for anyone under the age of 17.  Most of the Southern Border Provinces were Muslim.  There were also channels for grievances for Islamic women, including remedies for victims affected by the conduct of officials. Assistance had been provided to more than 3,000 victims, and remedy was also provided to those affected by violence in the Southern Border Provinces.  Scholarships and education support was provided to children affected by the unrest. 

    Questions by Committee Experts

    A Committee Expert said patriarchal practices continued to drive high rates of gender-based violence.  Current frameworks prioritised family reunification over the protection of the survivors.  How was it ensured that survivor centred protection and legal remedies were available to all victims, including those in conflict-affected areas?  Were there plans to enact comprehensive legislation which criminalised online violence against women?  How was it ensured that survivors could report cases of violence safely without fear of reprisals?  How were gender-based violence policies being monitored and evaluated? 

    Thailand remained a patriarchal society where women were expected to be caregivers while men were seen as leaders, which was reinforced in the media and other avenues. What programmes were in place to dismantle harmful gender stereotypes?  Were there programmes to engage men and boys in efforts to transform discriminatory social norms?  What mechanisms were in place to ensure that women from all communities could access justice and public services without stigma or discrimination?  What steps was the State party taking to explicitly criminalise and eliminate harmful practices such as female genital mutilation and bride abduction, and to conduct awareness campaigns on their impact on women’s rights?

    Another Expert asked what steps the State party would take to effectively combat labour trafficking of women?  The anti-trafficking act allowed courts to waive punishments for parents who forced their children into labour due to extreme poverty and other extenuating circumstances; this was unacceptable.  How did the State party intend to ensure the protection of the girl child from being trafficked by her parents?  What steps was the State party taking to ensure the effective implementation of the national referral mechanism throughout the country. 

    The Committee commended the State party for the significant efforts made to bring the perpetrators of trafficking in persons to justice, including corrupt officials who protected traffickers.  While training was provided to police, immigration and labour officials, and prosecutors and judges, it was not mandatory for new judges.  What steps would be taken to ensure all those responsible for trafficking cases and prosecutions were adequately trained? How did the State party envisage regulating prostitution in the future?  Would sex workers be decriminalised and prostitution be legal? 

    Another Expert asked what the State was doing to combat cyber trafficking, which was an increasingly prevalent issue? 

    RANGITA DE SILVA DE ALWIS, Committee Expert and Country Rapporteur, said the Thai President had been the victim of a voice scam.  How were scams tackled in the context of women in political and public life? 

    Responses by the Delegation 

    The delegation said the domestic violence protection act was approved in 2025.  The Ministry of Public Health in Thailand opposed female genital mutilation and recognised it as a grave violation of human rights. Thailand was committed to eliminating this harmful practice in all its forms and was focused on providing education about its potential health consequences.  This effort was carried out in collaboration with community networks. 

    During the period 2021–2023, there were no violations found by labour inspectorates.  Thailand maintained proactive oversight through the labour inspectorate system.  Thailand aimed to conduct awareness raising among children and youth on trafficking and had developed youth focused education and training in this regard. 

    Thailand was aware that gender stereotypes were ingrained, and this would take a lifetime effort to overcome.  Currently, changing the mindset of the people was difficult.  It was important to raise awareness and re-learn what was appropriate. The Department of Women’s Affairs coordinated with academics to work with young people on a project to identify sexist language in textbooks in schools.  A guidebook had been created and distributed to teachers to provide guidance on how to combat harmful gender stereotypes in schools.  While gender stereotypes were the key focus currently, the States pledged to eventually address all kinds of stereotypes. 

    The country operated under the premise that sex work was not considered a crime and that sex workers should have access to appropriate justice avenues if required. 

    Questions by Committee Experts

    An Expert acknowledged the second female Prime Minister of Thailand, who was historically the youngest.  The Committee was concerned about the low levels of women’s representation in political institutions.  Cultural norms and stereotypes actively discouraged women from entering politics. What legislative measures were being taken to combat issues such as gender hate speech and harmful stereotypes which deterred women from participating in public life?  Were there plans to address workplace bullying in parliament?  What was the level of representation of Muslim women in politics? 

    Women appeared to be underrepresented in the Foreign Office, comprising just 15 per cent of ambassadors.  What steps were being taken by the State party to ensure this underrepresentation of women was rectified, including minorities such as women from the deep south and lesbian, gay, bisexual, transgender and intersex women?  The Committee commended the Thai Government for increasing the protection of human rights defenders.  How many recommendations from the fourth and fifth national human rights plan targeting human rights defenders had been implemented? Were there plans to address the small number of female military personnel?  How was it ensured that civil society could participate in multilateral environments?

    A Committee Expert said Thailand had over half a million registered stateless persons in January 2022, many of whom were ethnic minorities in remote areas who were unaware of their rights.  Thailand had not ratified key United Nations Conventions on statelessness.  There were differences when it came to men and women obtaining Thai nationality.  Would the State plan to make amendments to the national act, providing equality on citizenship for men and women?  What measures had been taken to decrease the number of stateless women and children? How did the Government plan to support refugee women, including Rohingya women? 

    Responses by the Delegation 

    The delegation said female police officers could advance to the Commissioner rank through examinations.  Female police officers occupied the highest rank within the Thai police.  The representation of women in the Superintendent rank rose from 13 per cent in 2021 to 16.7 per cent in 2025. Approximately 66 per cent of Thai diplomats were women, and around 36 per cent of Thai ambassadors were women. Measures including maternity leave were put in place to ensure the support of female staff.  Women were encouraged to participate in multilateral fora. 

    For decades, the Thai Government had continually adopted policies and measures to improve the protection of stateless persons in the country.  Their access to public services had been increased.  In 2024, a cabinet solution was adopted to expedite the process to nationality acquisition to a large group of the population.  This would allow stateless children to obtain Thai nationality. 

    It was important to analyse data to determine how to counter the trend of violence against female political candidates. 

    Comprehensive health access was ensured for all migrants, including women.  The migrant health insurance scheme was a voluntarily contributory scheme utilised by migrant workers in the informal sector, prior to national health insurance enrolment.  Public health care was actively working to address the needs of unregistered migrants.  Although Thailand was not party to the 1951 Convention relating to the protection of refugees, the State had taken other steps to ensure their rights were upheld. For instance, a memorandum of understanding had been developed to ensure children and their mothers were placed in child protection centres, instead of being held in immigration centres. 

    Recent steps showed that 80 per cent of Thai women wished to start their own business, with 45 per cent of Thai women considering themselves to be entrepreneurs. 

    The delegation said within the fourth national human rights action plan (2019-2022), there were several recommendations for human rights defenders, including strengthening the protection act, studying best practices on the protection of freedom of assembly, and allocating more funding, among others.  The fifth national human rights action plan also contained three specific recommendations for human rights defenders, including acceding to the International Convention for the Protection of All Persons from Enforced Disappearance, which came into effect in Thailand in 2024. 

    The Committee for the Promotion of Gender Equality was responsible for formulating policies, measures and operational plans to promote gender equality across all sectors. 

    Questions by a Committee Expert

    A Committee Expert said the Committee noted with satisfaction the adoption of the national education act of 1999 which guaranteed all children equal rights and opportunities to receive free and compulsory basic education.  The Committee encouraged the State party to continue efforts aimed at reaching gender parity in primary and secondary school enrolment.  Despite these efforts, the Committee was concerned about the high dropout rates among stateless and refugee girls and the fact that Patani Malay girls were discouraged from continuing their education due to early marriage and lack of education in Malay. 

    Were there policies specifically targeted for expanding education to minorities?  What steps were being taken to ensure the safety of girls living in the Southern Border Provinces?  How was cyber bullying against transgender students being addressed in schools and universities? 

    Thailand was commended for leading in science, technology, engineering and mathematics fields; how was it ensured these translated into employment opportunities for young women?  What steps was the State party taking to ensure age-appropriate sexual reproductive education in schools?

    Responses by the Delegation 

    The delegation said there were mechanisms in place to ensure girls from marginalised groups received education.  There were schools established in the Southern Border Provinces, with border patrol officers teaching the students.  Schools in rural areas faced disadvantages; however, there were no discriminatory practices for migrant girls to access schools.  The current school graduation rates showed a higher percentage of girls compared to boys.  The State provided safety in all areas to prevent threats to students.  A religious school, supported by the Government, was located in the Southern Border Provinces, providing additional opportunities for students. 

    Bullying stemmed from stereotypes, and the Ministry of Education was aware of this issue.  Work had been undertaken to combat bullying of transgender students, including launching a digital platform for reporting on school safety.  At risk students, including victims and perpetrators, were identified, and activities were conducted to encourage friendship and positive interaction. Support was strengthened for teachers to enable them to identify early warning signs and respond in a timely fashion. The development of science and technology projects had provided scholarships to students of all genders. Thailand was committed to providing age-appropriate sexual and reproductive education in schools.  The protest “One School One Hospital” encouraged hospitals to provide advice on sexual health and contraception directly to students. 

    Questions by a Committee Expert

    A Committee Expert said the gender pay gap remained at around 11 per cent in Thailand, and around 66 per cent of female workers in the agricultural sector earned below the minimum wage.  Had the equal pay act been adequately enforced?  What was being done to address noncompliance?  What measures were being taken to ensure women in the domestic sector and migrant workers were covered under social protection schemes? 

    How was the effective protection of pregnant women ensured, particularly in small businesses? Was there a plan to introduce mandated paternity leave?  What steps had been taken to ensure sexual harassment protections extended to all sectors? What mechanisms were in place to monitor sexual harassment?  Were there any plans to formalise the employment pathway for migrant workers? 

    Responses by the Delegation 

    The delegation said the labour protection act mandated that employers paid equal wages for equal work, regardless of a person’s gender.  Thailand was developing a draft act to facilitate the empowerment of informal workers.  Thailand provided compensation for women migrant workers, including paid maternity leave and protection against dismissal due to pregnancy.  Thailand had enacted legislation which prohibited sexual harassment in all workplaces.  Steps were being taken to bring informal migrant workers into the formal system. The State provided legal guidance on rights and duties under the law, including regarding labour disputes. 

    Questions by a Committee Expert

    A Committee Expert said according to the Criminal Court, abortion could be interrupted up to the twelfth week, but after this time period, a pregnant woman was required to have a consultation with a doctor, and faced a sanction and fine if she proceeded with an abortion.  Did the State plan to amend its Criminal Code to fully decriminalise abortion and abolish the need for consultations after the 12-week mark?  How was the State combatting the stigma of abortion by health staff?  The number of forced sterilisation and coercive abortions of persons with disabilities was concerning.  What was being done to end these damaging practices?  What mechanisms were put in place to ensure appropriate measures were taken in this area?  Would the State provide reparations to victims? 

    Women in the Southern Border Provinces faced further issues, including female genital mutilation and unsafe abortions, as well as mental health issues due to the violence they experienced.  How was the State addressing these issues?  What steps was it taking to combat female genital mutilation, ensuring Muslim women could access care appropriate to their religious beliefs? The Committee had heard that women living with HIV were subject to tests without their consent and were pressured to undergo sterilisation.  What steps were being taken to ensure these tests were carried out without coercive pressure?  What was being done to ensure full access to HIV therapy for the most vulnerable groups? How was the right to health guaranteed for women in the prison system? 

    Responses by the Delegation 

    The delegation said a woman could fully terminate her pregnancy under 12 weeks without criminal liability.  Between 12 and 20 weeks, abortion services were accessible following certified consultations with public health professionals and based on medical grounds. Medical personnel received specialised training to enhance their expertise in abortion care.  The current national reproductive health policy aimed to ensure equitable and inclusive births, including for persons with disabilities. 

    Any HIV treatment was provided based on consent, and testing without consent was considered a violation of a patient’s rights.  Sterilisation could only be performed with an individual’s free and informed consent. Women and others living with HIV were only treated if they gave their informed consent; there were no practices of forced testing, and any allegations of such cases were investigated. Thailand focused on improving standardised medical treatment for females who were incarcerated.  Screenings were carried out for cancers and other diseases. The Universal Health Coverage Scheme also covered the border areas, as did the mental health programme. 

    Questions by a Committee Expert

    A Committee Expert asked how the State party planned to reduce gender disparity in social security, particularly for refugees and migrants residing in camps?  Initiatives supporting women’s entrepreneurship were welcomed, including the Women’s Empowerment Fund.  However, women in rural communities faced issues in accessing services.  What policies were in place for ensuring equal access to financial services for women in all areas?  What measures were in place to promote disadvantaged women in sports and culture? 

    Responses by the Delegation

    The delegation said the Human Development Fund was available to provide opportunities for women to access funds for businesses and economic empowerment.  Currently, there were around 17 million female members of this Fund.  By 2024, 17-million-baht worth of loans had been provided to females across the country. Work needed to be done to provide larger loans to women. 

    Questions by a Committee Expert

    A Committee Expert asked what concrete steps the State party was taking to ensure the protection and empowerment of marginalised women and girls?  What was being done to effectively advance the rights of these women and girls?  How was the State party effectively implementing the international standards for the treatment of prisoners as provided for in the Nelson Mandela Rules and the Bangkok Rules?

    The Expert congratulated the State party on the steps being taken to revise the climate change master plan which focused on gender and social inclusive climate action, including climate finance, adaptation and mitigation, recognising that women and girls experienced disproportionately greater loss and damage from the impacts of climate change.  What concrete steps was the State party taking to ensure that climate financing, adaptation and mitigation strategies met the specific needs of women and girls? 

    What steps was the State party taking to ensure that the blue economy and agriculture were sustainable, inclusive, and resilient to climate change, to meet the specific needs of women and girls?  What measures was the State party taking to ensure the protection of all women and girls from the disproportionate impacts of air pollution?

    Responses by the Delegation

    The delegation said inmates in the prison system received three nutritious meals daily which respected local, cultural and religious practices, and drinking water was supplied in adequate quantities.  To address overcrowding concerns, the Department of Corrections could authorise inmates to be moved to alternative custody alternatives.  A committee had been established to manage this process.   

    A national adaptation plan on climate change had been developed, aligning with global adaptation goals.  The plan emphasised the importance of gender equality in planning, decision making and public participation.  Measures in the plan included enhancing early warning systems, developing adaptation guidelines for vulnerable farming communities, and gender-responsive budgets, among other measures.

    Questions by a Committee Expert

    A Committee Expert commended the State party for raising the minimum age of marriage to 18 years.  In addition, Thailand had become the first country in Southeast Asia to legalise same-sex marriage.  However, child marriage persisted in Thailand, particularly in lower income areas. Polygamy was prohibited under the Civil Code, but it was still practiced.  What enforcement mechanisms were in place to eradicate exceptions permitting marriage under the age of 18?  What progress was being envisaged in harmonising Islamic family and inheritance law? What was the body specifically assigned for this important task?  How was the State party addressing systemic barriers that Muslim women faced in accessing divorce?  What concrete steps were being taken to eradicate polygamous unions? 

    Responses by the Delegation

    The delegation said Islamic family law was currently provided to Muslim citizens in the Southern Border Provinces.  Government authorities had supported the application of the use of Islamic family law in line with human rights and standards.  The Administrative Centre of the Southern Border Provinces had disseminated a family law handbook on inheritance and other laws.  After divorce, women were required under the Civil Code to wait for a certain number of days before remarrying.  They could remarry earlier, if they could provide a certificate from a doctor which stated they were not pregnant.  Door to door outreach was conducted to screen populations at risk of air pollution, including pregnant women. 

    Closing Remarks

    RAMRUNG WORAWAT, Director-General of the Department of Women’s Affairs and Family Development, Ministry of Social Development and Human Security of Thailand, head of the delegation, said the discussion with the Committee had been very fruitful. The State would aim to take forward the Committee’s recommendations, with a will to transform them into concrete actions.  Thailand wished to maintain the dialogue with the Committee and advance this important agenda at the international level. 

    NAHLA HAIDAR, Committee Chair, thanked Thailand for the constructive dialogue which had provided further insight into the situation of women and girls in the country.

    ___________

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CEDAW25.014E

    MIL OSI United Nations News

  • MIL-OSI Canada: Climbing high for the North American Cup Series

    Source: Government of Canada regional news (2)

    MIL OSI Canada News

  • MIL-OSI: Kinetiq Announces iHYPE: Institutional Staking Product for Hyperliquid (HYPE Token)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 19, 2025 (GLOBE NEWSWIRE) — Kinetiq (the “Company”) is pleased to announce the development of iHYPE, a dedicated institutional liquid staking product designed to meet rapidly growing institutional interest in HYPE, the native token of the Hyperliquid blockchain.

    Kinetiq will be engaging IMC Trading, Flowdesk, as well as one of the largest Qualified Custodians (QC) serving the crypto industry. This is complimented by several institutional-grade validators to ensure that any firm can acquire HYPE (staked via Kinetiq) in a compliant manner — from acquisition and custody, to staking and validator delegation.

    The development of iHYPE represents a significant expansion of Kinetiq’s liquid staking offering and is intended to provide institutional investors with compliant, enterprise-grade access to Hyperliquid’s native staking yields and network participation, without requiring direct involvement in secondary token markets.

    Meeting Market Demand

    Kinetiq has received substantial inbound from funds and allocators looking for secure, auditable, and institution-friendly infrastructure to participate in Hyperliquid’s unprecedented growth. iHYPE is Kinetiq’s response to that demand, providing institutions with a compliant gateway to Hyperliquid as it ushers in a new generation of completely onchain, global finance.

    Flowdesk is proud to support Kinetiq as a dedicated trading partner for iHYPE upon launch. Enabling compliant access for clients is a critical step as they build out their institutional-focused Hyperliquid product line,” said Hanson Birringer, Head of US Sales at Flowdesk.

    Hyperliquid’s technical capabilities include fully onchain order books for both perpetual futures and spot markets that boast throughput of over 200,000 transactions per second, capturing the attention of allocators across digital asset and legacy financial markets. iHYPE is being developed to remove barriers preventing institutional capital from accessing this ecosystem.

    iHYPE is currently undergoing security audits, compliance reviews, and operational integrations ahead of its public launch.

    With iHYPE, Kinetiq will deliver a staking solution that meets the standards of professional asset managers while preserving the integrity and ethos of Hyperliquid.

    About Kinetiq

    Kinetiq is a liquid staking protocol built natively on Hyperliquid, enabling users to permissionlessly stake HYPE for kHYPE (Kinetiq-staked HYPE) while retaining full liquidity, and a robust suite of DeFi opportunities. Kinetiq features delegated staking with dynamic, performance-based validator selection, and full integration with Hyperliquid’s DeFi ecosystem. iHYPE is a new development by Kinetiq, one offered exclusively to institutions.

    About Hyperliquid

    Hyperliquid is a high-throughput Layer 1 blockchain purpose-built to house all of global finance. It supports one-block finality, 200,000 transactions per second, and fully onchain order books for both perpetual futures and spot markets (via HyperCore), alongside general smart contract functionality on HyperEVM.

    For further information, please contact:

    Email: contact@kinetiq.xyz

    Website: https://kinetiq.xyz/

    X: https://x.com/kinetiq_xyz

    The MIL Network

  • MIL-OSI Europe: Study – The Conduct of ECB Monetary Policy Under International Uncertainty – 19-06-2025

    Source: European Parliament

    This paper examines ECB monetary policy amid rising international uncertainty. We focus on three global risks: renewed trade protectionism, euro appreciation, and US fiscal fragility. Using inflation forecasts and survey data, we evaluate the ECB’s evolving policy framework. A potential US fiscal crisis poses risks but also creates an opportunity for Europe to supply a global safe asset. We argue that a European Debt Agency issuing common debt could mitigate contagion and enhance Europe’s financial sovereignty.

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – Exchanges of views with OLAF and Supervisory Committee – Committee on Budgetary Control

    Source: European Parliament

    Exchanges of views with OLAF © Image used under the license from Adobe Stock

    On 25 June 2025, the CONT Committee will hold exchanges of views with Ville Itälä, OLAF Director-General, on the OLAF Annual Report 2024, and with Angelo Maria Quaglini, Chair of the OLAF Supervisory Committee, on the Supervisory Committee Annual Activity Report 2024.

    The debate in CONT will bring important insights to the analyses that form the basis for the INI report on the protection of the Union’s financial interests, intended to provide valuable contribution to the discharge procedure. The outcome of the exchange of views will be as well considered in the next revision of OLAF Regulation and in the overall discussion aiming at the enhancement of the Anti-Fraud Architecture, of which OLAF is one of the operational pillars.

    MIL OSI Europe News

  • MIL-OSI Europe: Highlights – Hearing on Financing interferences and attacks on democracy – Special committee on the European Democracy Shield

    Source: European Parliament

    Malicious actors use illicit financial flows to secretly finance the public debate © Adobe Stock

    The hearing will take place on 23 June and will delve into the issue of financial networks and strategies operated by malicious state or non-state actors, which undermine democratic processes within the European Union.

    MIL OSI Europe News

  • MIL-OSI Africa: Accor Signs Novotel Victoria Falls, Marking Strategic Market Entry into Zimbabwe

    Accor (www.Group.Accor.com), a world-leading hospitality group, has announced the signing of Novotel Victoria Falls, a landmark project set within Victoria Falls – a UNESCO World Heritage Site and one of the Seven Natural Wonders of the World.

    The agreement, signed during the Future Hospitality Summit (FHS) Africa, marks Accor’s market entry into Zimbabwe, leveraging a first-mover advantage in one of Africa’s most iconic destinations and underscoring the Group’s commitment to pioneering development in emerging markets.

    Scheduled to open in 2028, the 111-key new-build property will be developed under a management agreement with Eagle Real Estate Investment Trust, a Development REIT focused on high-quality assets across tourism, hospitality, health, retail, and residential sectors.

    Located in the Eagle Heights precinct, in a prime location overlooking the Masuwe River, the hotel will blend natural beauty with Novotel’s modern, family-friendly hospitality. Guests will enjoy a thoughtfully designed experience, with facilities including an outdoor swimming pool, kids’ club, all-day dining restaurant, and destination bar – designed to meet the needs of modern travellers seeking comfort, connection, and local discovery.

    Known locally as Mosi-oa-Tunya or “The Smoke That Thunders”, Victoria Falls is not only a dramatic natural wonder but also a world-renowned hub for adventure tourism, offering white-water rafting, bungee jumping, and scenic helicopter flights.

    “This signing represents a bold step forward in our development strategy for Sub-Saharan Africa,” said Maya Ziade, Chief Development Officer, Premium, Midscale & Economy Division, Middle East, Africa & Türkiye at Accor. “Victoria Falls is one of the world’s most extraordinary destinations, and we are proud to bring the Novotel brand experience to Zimbabwe for the very first time. As a first mover, we see this project as a gateway to long-term sustainable growth in the country.”

    The signing signals a strategic entry for Accor into a destination with growing regional and domestic tourism and a limited presence of global hotel brands.

    Bevin Ngara, Managing Director of Eagle Asset Managers, the Eagle REIT Fund Managers, added: “We are delighted to partner with Accor to bring an international standard of hospitality to Victoria Falls. This project reflects our vision of investing in transformative developments that elevate tourism and deliver value to local communities and investors alike.”

    Novotel, with over 590 hotels across 68 countries and 180+ more in the pipeline, champions balanced living for both business travellers and families. As the first internationally branded Novotel in Zimbabwe, the hotel will meet the rising demand for high-quality yet accessible accommodation in Victoria Falls supporting the city’s evolution into a year-round destination for families, nature lovers, and adventure seekers.

    Distributed by APO Group on behalf of Accor.

    Contacts media relations:
    Cybelle Daou Khadij
    Director PR & Communications
    Middle East, Africa and Türkiye
    Cybelle.daou@accor.com

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    About Accor:
    Accor is a world-leading hospitality group offering stays and experiences across more than 110 countries with over 5,600 hotels and resorts, 10,000 bars & restaurants, wellness facilities and flexible workspaces. The Group has one of the industry’s most diverse hospitality ecosystems, encompassing more than 45 hotel brands from luxury to economy, as well as Lifestyle, with Ennismore. ALL Accor, the booking platform and loyalty program embodies the Accor promise during and beyond the hotel stay and gives its members access to unique experiences. Accor is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity, and inclusivity. Accor’s mission is reflected in the Group’s purpose: Pioneering the art of responsible hospitality, connecting cultures, with heartfelt care. Founded in 1967, Accor SA is headquartered in France. Included in the CAC 40 index, the Group is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit www.Group.Accor.com.

    About Eagle Real Estate Investment Trust (Eagle REIT):
    Eagle REIT is Zimbabwe’s first dollar-denominated Development REIT focusing on developing high-impact real estate assets across the hospitality, healthcare, and residential sectors. It is also the first REIT to be listed on the Victoria Falls Stock Exchange (VFEX), a member of the International Financial Services Center. The REIT is managed by Eagle Asset Management, a licensed investment manager and a subsidiary of Zimre Holdings Limited.

    MIL OSI Africa

  • MIL-OSI: NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., June 19, 2025 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 6, 2025 to shareholders of record as of the close of business on July 7, 2025.  

    About NorthEast Community Bancorp, Inc.

    NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

    Cautionary Note About Forward-Looking Statements        

    This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation and its impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

       
    CONTACT: Kenneth A. Martinek
      Chairman and Chief Executive Officer
    PHONE: (914) 684-2500

    The MIL Network

  • MIL-OSI: NorthEast Community Bancorp, Inc. Announces Quarterly Cash Dividend

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., June 19, 2025 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (the “Company”) (Nasdaq: NECB) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 6, 2025 to shareholders of record as of the close of business on July 7, 2025.  

    About NorthEast Community Bancorp, Inc.

    NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

    Cautionary Note About Forward-Looking Statements        

    This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation and its impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

       
    CONTACT: Kenneth A. Martinek
      Chairman and Chief Executive Officer
    PHONE: (914) 684-2500

    The MIL Network

  • MIL-OSI Russia: Deepening the European Single Market

    Source: IMF – News in Russian

    Remarks by IMF Managing Director Kristalina Georgieva at the Eurogroup Meeting on Enhancing Competitiveness and Addressing Internal Barriers in the Single Market – Luxembourg

    June 19, 2025

    As prepared for delivery

    Thank you, Paschal, for inviting me back to speak on the topic of Europe’s single market.

    We have been urging all of our members that now is the time to get your own house in order given the global trade and other tensions and the uncertainty. Reforms delayed? Delay no more.

    And our advice has been resonating. Across the globe, countries and regions are on the move, pushing to higher competitiveness, more dynamism, and faster technological transformation. For Europe it is very simple: either Europe acts, or Europe risks getting sidelined. Relative decline would not happen in a flash, it would creep in, but that would not make it less real.

    There is no time for delay.

    Here at the Eurogroup, I have two positive messages that I want to deliver upfront:

    • First: with the Draghi and Letta reports, with the work of the Commission, and with your work, Europe has defined a strategic agenda with single market integration at its core, yet also bringing in national reforms and a bolder vision for the EU budget. Today I will sum this up in a three-point approach—single market, national reforms, and the EU budget—where the strength of each piece rests on the strength of the others.
    • Second: Europe has all the assets it needs—the savings, the skills, and the technology. It falls to Europe’s policymakers to push—nationally, collectively, and decisively—to mobilize these assets to their full potential. The people want a Europe that creates high-value jobs, innovates, and generates cutting-edge products and services. They want opportunity. It is within reach.

    I know it can be done because Europe has done it before. I think back, for instance, to the EU enlargement of 2004, which opened up many new avenues for households and firms. Today, GDP per capita in the new member states is 30 percent higher than it would have been without EU accession—30 percent! Even for the “old” member states, we estimate that GDP per capita today is some 10 percent higher, on average, thanks to the enlargement.

    Our assessment is thus clear and grounded in hard data: the single market delivers.

    And yet we know that internal trade barriers remain high. According to the European Commission, for every 100 euros of value added produced in EU countries, only around 20 euros of goods are flowing back and forth between EU countries. In contrast, for the United States, for every 100 dollars of value added produced, 45 dollars of goods are crossing state borders.

    This shows how various factors are holding Europe back. What are they? Regrettably, the list is long: fragmented regulation, obstacles to financial integration, labor market rigidities, gaps in the energy market, parochial interests—all coming together to constrain growth.

    Too many European firms remain too small. One in five EU workers works at a company with fewer than ten employees—twice the share we see in the United States. Fragmentation and regulatory differences across member states make it hard for firms to compete, expand, and thrive. Productivity has fallen behind.

    So what can be done to inject new vibrancy? Our advice is: pick a few key priorities, make sure they are the right ones, and push hard.

    Let me start with the first piece of our three-point agenda—the single market. In this first piece, we see four top priorities.

    Priority one: create a predictable regulatory environment to help firms grow.

    Reducing regulatory fragmentation is critical: firms need clarity. Harmonizing company law and insolvency law would be the first best, but this is difficult. That is why we at the Fund put our full support behind the so-called “28th regime”—a voluntary EU-wide corporate charter. It offers a pragmatic way to slash legal complexity and compliance costs for cross-border firms: one system, applicable everywhere in the EU, for firms that opt in.

    We know that our colleagues at the European Commission are working on a proposal. I say: please write up a simple set of rules covering key phases of the corporate life cycle from entry to exit, and everything in between. Create the possibility of the European Firm, enjoying legal certainty so it can focus on innovation and growth rather than navigating a maze of 27 national systems.

    The goal need not be uniformity in all things, but rather, uniformity where uniformity matters most. Sensible national variations can—and must—coexist.

    And to those who say corporate law is so deeply rooted in national legal tradition that a 28th regime is impossible, let me repeat what I said here two years ago: you have already done it. I am referring to the Bank Recovery and Resolution Directive, which is nothing other than an EU-level carveout from national frameworks for selected banks. Please now create an alternative regime for European companies.

    Priority two on our list is longstanding: putting European savings to work.

    This point too I raised here two years ago: Europe has the money—many trillions in private savings—but it is lazy money. Savings work harder elsewhere. Europe’s bank-centric financial system is failing to support the kind of innovative, high-growth firms that will drive the next wave of productivity and innovation.

    That’s why the capital markets union needs to move—now. Europe needs deeper, more integrated capital markets to channel savings to high-risk, high-reward investments. Europe needs more venture capital. Creating a 28th regime will be key, but let it be paired with better investor access to corporate information on all firms—so market discipline can work.

    And importantly, energizing finance requires positive steps in banking too. Bank dominance in Europe will persist, and there is room for more bank credit. Let banks be nudged to embrace more risk taking—prudently—to support economic growth. Done right, this can strengthen internal capital generation, strengthen risk buffers, and boost bank soundness.

    Let’s recognize also that large banks, especially, serve as key players in the capital markets, including by managing investment accounts for their clients. For them to serve most efficiently and in a pan-European way, Europe must shed its reluctance to accommodate cross-border bank mergers and acquisitions. Blocking mergers on non-economic grounds—and dropping the ball on banking union more broadly—will not deliver 21st century finance.

    Priority three, very briefly: improving labor mobility and access to talent.

    I am told it can take up to six months for a worker relocating within the EU to become legally employable in another member country—surely not optimal. Speeding up work authorizations and streamlining the cross-border recognition of professional qualifications will help ease skills mismatches and enable firms to hire appropriate talent. This is critical to allowing firms to grow.

    Fourth priority: building an interconnected and affordable energy market.

    Energy is a chokepoint. Just look at the dispersion of prices across European electricity hubs—it is some three times higher than in the United States and, yes, it presents a profitable arbitrage opportunity for European energy majors that they should be grabbing.

    What can be done to help this happen? For a start, as we have been emphasizing in our work, Europe needs an energy blueprint that pulls together all the parts. One part, certainly, needs to be better interconnectors between national electricity grids. High and volatile energy costs inhibit corporate investment and expansion. Conversely, improving access to reliable, affordable energy spurs growth.

    Across the four areas—regulatory overload, access to finance, labor mobility, and affordable energy—we have laid out ten specific policy actions in a new paper last week. And our simulations suggest that, even by implementing a few, the dividends could be substantial—an uplift to overall EU activity on the order of about 3 percent over ten years. And there would be no question of winners and losers—every country stands to win.

    Next, the second piece of our three-point agenda: reforms at the national level.

    EU-level reforms are essential, but to be effective they must be paired with national reforms in many areas—and it is vital that these two layers of reform pull in the same direction.

    Three examples:

    • First, capital markets union should make it easier for funds to flow to startups, but for the benefits to be fully realized national permitting processes must be streamlined.
    • Second, EU-wide initiatives aimed at enhancing talent mobility are important, but to work they require complementary labor market reforms at the national level.
    • Third, increasing the effectiveness of EU investment in cross-border infrastructure is key, but parallel actions are needed to address national infrastructure gaps.

    Wherever one looks, there is a vital and complementary national element.

    Finally, the third piece of the three-point agenda: making more of the EU budget.

    This is about raising the level of ambition: more support from the EU budget for investments in shared priorities—European public goods—and, importantly, better coordination of national efforts around these priorities. And, if new EU borrowing could be agreed, it would help frontload investments, spread costs over time, and increase the supply of safe assets.

    Bottom line: we recommend a doubling of EU budget expenditures on European public goods—electricity grids, digitalization, defense, and R&D—from 0.4 percent of EU gross national income to at least 0.9 percent, to help close investment gaps.

    Not only would such investments accelerate single market deepening, they would also offer material cost savings. Our analysis shows that EU-level investments in energy infrastructure, for instance, can achieve savings of up to 7 percent relative to duplicative national efforts. With long-term spending pressures piling up, great deals like this one should be seized.

    We also propose an expanded role for performance-linked disbursements to member states. I know from my time managing the EU budget that, done right, such schemes can play an important role in incentivizing necessary national reforms and investments, aligning them with shared EU priorities, and maximizing positive cross-border externalities. Famous case in point: the Recovery and Resilience Facility, with its formidable economic payoffs.

    Let me conclude. My colleagues and I have put forward for your consideration a strategic agenda with three clear objectives:

    • One, remove internal barriers to deepen the single market and let firms grow;
    • Two, advance national reforms that align with and amplify EU-level initiatives; and
    • Three, use the EU budget strategically to coordinate efforts and invest in public goods.

    We do not underestimate the difficulty of delivering on this agenda and the political hurdles and vested interests to be encountered along the way. But the alternative of doing nothing will deliver nothing. Key, in our view, is to push hard.

    Success will require you, the policy leaders, to explain reforms to the public and exert sustained pressure at the technical level. Regulators defend their missions but are not always tasked to consider connections and externalities. Like a football coach, you will need to make all the players play as a team.

    And to our colleagues at the Commission who hold the legislative pen, our advice would be, first, to prioritize speed and not let the perfect be the enemy of the good and, second, to not let the legal mindset dominate the economic mindset. Economic rationale and economic objectives must drive Europe’s developments at this crucial time. 

    There is a saying that Europe is the “lifestyle superpower of the world.” Every time I return here—to my European home—I feel a sense of admiration. But please also hear this: for the European way of life to be sustained, Europe must also become a “productivity superpower.” Europe needs the growth potential that can come only from releasing its entrepreneurial energy.

    And for that to happen, Europe needs its single market now more than ever. I’m told that at the Eurogroup Working Group last week one respected colleague described the internal market as “a treasure in the EU’s own hand, which now needs to be unwrapped.” I agree.

    The stakes are high, the potential rewards are large, and—in this time of global tensions and uncertainty—the moment is surely now.

    Thank you very much.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

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

    https://www.imf.org/en/News/Articles/2025/06/19/sp061925-deepening-the-european-single-market

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI Canada: Canada bolsters its measures to protect Canadian steel and aluminum workers and industries

    Source: Government of Canada News (2)

    June 19, 2025 – Ottawa, Ontario – Department of Finance Canada

    Canada’s new government has a mandate to build the strongest economy in the G7. While the government negotiates a new economic and security partnership with the United States, we will ensure workers and industry are protected against the unjust and unprovoked American tariffs. Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced a series of measures to protect Canadian steel and aluminum producers and workers.

    The government will take these measures to bolster its response:

    • First, Canada will adjust its existing counter-tariffs on steel and aluminium products on july 21, to levels consistent with progress that has been made in the broader trading arrangement with the United States.
    • Second, effective June 30, the government will begin implementation of reciprocal procurement policies to limit access to federal procurements to suppliers from Canada and from our reliable trading partners that provide reciprocal access to suppliers from Canada through trade agreements. As shared earlier this year, the government is also exploring additional ways to maximize the use of Canadian steel and aluminum in government-funded projects, including in coordination with Canadian provinces and territories.
    • Third, the government will protect Canada’s steel industry by establishing new tariff rate quotas of 100 per cent of 2024 levels on imports of steel products from non-free trade agreement partners to stabilize the domestic market and prevent harmful trade diversion as the result of the U.S. actions that are destabilizing markets. These quotas will be applied retroactively and will be reviewed in 30 days.
    • Fourth, the government will adopt additional tariff measures over the coming weeks to address risks associated with persistent global overcapacity and unfair trade in the steel and aluminum sectors, which are exacerbated by U.S. actions. Measures will be applied on the basis of “country of melt and pour” for steel and “country of smelt and cast” for aluminum.
    • Fifth, the government will immediately create two government-stakeholder task forces, one for steel and one for aluminum. These committees will meet regularly to closely monitor trade and market trends to support government decision making – to better support our industries and workers.
    • Finally, the new $10 billion Large Enterprise Tariff Loan facility remains open to applicants. This program supports eligible large businesses that are facing difficulties in accessing traditional sources of market financing by providing access to liquidity. This will help employers that were viable before the recent U.S. trade actions sustain their operations and return to financial resilience as the market stabilizes.

    The government remains prepared to take additional steps as needed and will continue to review the appropriateness of its response, pending developments with U.S. tariffs. The federal government will continue to work closely with provinces and territories to ensure their input and regional interests are reflected in its response to the U.S. tariffs.

    A remission process is in place to give businesses time to adjust their supply chains, with remissions currently granted under narrow, time-limited conditions to ensure a targeted and balanced approach. Additional individual requests are expected to be approved in the coming days. The Government of Canada will also review its remission framework to favour the use of Canadian steel and aluminum in Canadian-made products.

    As the government defines a new economic and security relationship with the United States, it will defend the interests of Canadians, safeguard Canada’s workers and businesses, and build one Canadian economy – the strongest economy in the G7.  

    MIL OSI Canada News

  • MIL-OSI: Automotive Finco Corp. Announces Results of Shareholders’ Meeting

    Source: GlobeNewswire (MIL-OSI)

    Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.

    TORONTO, June 19, 2025 (GLOBE NEWSWIRE) — Automotive Finco Corp. (NEX: AFCC-H) (the “Company”) is pleased to announce the results from its annual general and special meeting of shareholders held June 19, 2025 (the “Meeting”).

    At the Meeting, shareholders overwhelmingly elected the following nominees to serve as directors of the Company for the ensuing year: Kuldeep Billan, Farhad Abasov and Curtis Johansson. Mr. Abasov will serve as Chairman of the board of directors of the Company. Shareholders also approved: (i) the reappointment of Raymond Chabot Grant Thornton LLP as auditors of the Company; and (ii) the continued use of the Company’s stock option plan.

    About Automotive Finco Corp.

    Automotive Finco Corp. is a finance company focused exclusively on the auto retail sector. In addition to its interest in Automotive Finance Limited Partnership, the Company may also pursue other direct investments and financing opportunities across the auto retail sector.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For further information please refer to the Company’s website at www.autofincocorp.com or contact Shannon Penney, Chief Financial Officer, at shannon.penney@rogers.com or (905) 619-4996.

    The MIL Network

  • MIL-OSI Global: Jaws at 50: a thinly disguised western by a nerdy young filmmaker that helped to rejuvenate Hollywood

    Source: The Conversation – UK – By Barry Monahan, Senior Lecturer, Department of Film and Screen Media, University College Cork

    The collapse of classical Hollywood’s studio system in the 1960s mirrored much of America’s cultural and political uncertainties at the time. The assassinations of the Kennedys and Martin Luther King, the civil rights movement and the escalating Vietnam war provided a background that destabilised the optimism with which the decade began.

    It’s not surprising that narratives of many films at the time may have been hinting at an ominous dystopian turn.

    The decade opened with Hitchcock’s premature dispatching of his heroine in Psycho (1960) and ended with the haphazard slaughter of Dennis Hopper’s protagonists in Easy Rider and George Roy Hill’s outgunned antiheroes in Butch Cassidy and the Sundance Kid (both 1969).

    En route, Arthur Penn’s conclusion for Bonnie Parker and Clyde Barrow, plus Mike Nichols’ finale for graduate Benjamin Braddock and Elaine Robinson in 1967, did little to reassure audiences that all was well in society or the cinema.


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    But the 1970s offered some shoots of optimism. A new pack of filmmakers – versed in the best of international cinema – inveigled their way by luck, acumen or raw talent into the confidence of executives who were willing to give nerdy young cinephiles like Martin Scorsese, Brian de Palma, Frances Ford Coppola, Steven Spielberg and George Lucas a shot with studio funding.

    Despite the concerns of executives at Universal Studios, Spielberg began shooting on the adaptation of Peter Benchley’s bestseller Jaws in May 1974. By the following summer it was an enormous hit with the public and critics. The blockbuster had arrived and a new kind of studio system was born.

    Jaws is 50 years old this year, and it has earned the “classic” epithet. It invokes certain nostalgia for cinephiles and original audiences, many of whom fondly remember their first viewing.

    Aside from any cultural wistfulness, however, feelings towards the film may very well be a harkening back to a pre-neoliberal era when the embers of baby-boomer optimism still smouldered.

    Championing the everyman

    The film ultimately supports the blue collar “everyman” who has idealism, moral courage and emotional empathy: an ordinary protagonist, predating movie superheroes, Jedi knights, muscular macho men and cyborgs, who could still take on the system and its vices and defeat the villain (on land or sea).

    Most of the intense dramatic action – the battle between good and evil – is situated on the water. This displacement facilitates a useful comparative character study. On the ocean, police chief Martin Brody (Roy Scheider), marine biologist Matt Hooper (Richard Dreyfuss) and old sea-dog Quint (Robert Shaw) are strategically detached from the political and economic incentives that initiated the crisis in the first place.

    Working-class tough guy, middle-class intellectual and honest, reliable cop, they are brave, determined and morally strong, representing a microcosm of the society they’ve left behind, and hope to save. True to the thinly disguised western that Spielberg’s film is, the fate of each man positions the film’s compass as it sails a course between the values of an evolved society and the forces of primitive nature, pitting one of the youngest evolved mammals against one of the oldest evolved fish.

    However, it is in the first section of the film, set on dry land, where the political machinations of corruption, the distortion of truth for financial profit, the disregard of expertise and a manipulation of the media, are played out.

    A key scene in the early part of the narrative frames the duplicity that led to the avoidable death of the first victims. After the first shark attack, pressure is put on Chief Brody by Amity’s Mayor Vaughn (Murray Hamilton) to reopen the beaches despite the threat to holidaymakers on the island.

    Mayor Vaughn We’re really a little anxious that you’re, eh, rushing into something serious here. This is your first summer, you know.

    Chief Brody What does that mean?

    Mayor Vaughn I’m only trying to say that Amity is a summer town. We need summer dollars.

    The message is simple: economic prosperity takes precedence over human life. The strategy is straightforward: deride and deny allegations, falsify the evidence, use media spin to conceal the truth and platform the politician’s personal agenda.

    The propulsion of the plot into the second half of the film hinges on a later critical scene, which follows another shark attack. When their own boys become near victims of the predator, a shaken Vaughn is forcefully compelled by Brody to sign an agreement to pay a bounty hunter to find and kill the shark.

    The rise of neoliberalism (the political and economic ideology that advocates free-market capitalism) in the late 1970s and 1980s brought about the reconfiguration of the middle class in the US. Without consciously predicting the impending political transformations, the film – released before these wider ideological and economic changes took hold – idealistically offers hope for that social group.

    And while it may have been differently constituted under the Reagan and Thatcher governments, the public service sector (to which Brody belongs) existed in both America and Britain. Jaws implicitly and unproblematically acknowledged the reality of working-class sacrifice in Quint, while peddling the heroic survival of blue-collar police chief Brody.

    In holding out hope for the affirmative action of the dedicated, moral hero, Jaws might have been too idealistic, even narratively conservative: real-world good guys don’t always win.

    The phenomenal box office success of the film ran parallel with critical acclaim that has been reiterated in the five decades since its release. However, it marked the rejuvenation of a broken studio system that would soon energetically endorse the Reaganite neoliberalism of the following decade with films like The Empire Strikes Back (1980), Rambo: First Blood (1982), The Terminator (1984), Top Gun (1986) and Die Hard (1987).

    The film has undeniably stood the test of time as a remarkable cinematic feat, but crucially, it ushered in a new age for Hollywood’s seduction of global audiences with sophisticated, aggressive marketing strategies. Jaws may have irredeemably villainised nature’s most enduring predator, but Spielberg’s blockbuster played a pivotal role in making Hollywood great again.

    Barry Monahan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Jaws at 50: a thinly disguised western by a nerdy young filmmaker that helped to rejuvenate Hollywood – https://theconversation.com/jaws-at-50-a-thinly-disguised-western-by-a-nerdy-young-filmmaker-that-helped-to-rejuvenate-hollywood-257751

    MIL OSI – Global Reports

  • MIL-OSI Global: Indigenous engagement is essential for small modular nuclear reactor projects

    Source: The Conversation – Canada – By Rhea Desai, Post Doctoral Fellow, Department of Biology, McMaster University

    Urban Indigenous gathering for community well-being, showing the importance of interconnectedness in Indigenous Communities in Hamilton, Ont. in August 2021. This way of being must be reflected in nuclear projects to better work alongside Indigenous Peoples. (Michelle Webb)

    With climate change-fuelled natural disasters becoming more frequent and devastating for communities around the world, the need for cleaner energy solutions is more urgent than ever.

    When it comes to transitioning away from fossil fuels, much of the focus tends to be on solar, wind or hydroelectricity. However, small modular reactors (SMRs) are an emerging technology showing promise globally.

    SMRs are a specific type of nuclear reactor that, as the name suggests, are small in energy output and modular in their manufacturing. Provinces like New Brunswick, Alberta and Saskatchewan have made progress on strategic plans to make SMRs part of their provincial climate action plans.

    Unlike traditional nuclear reactors that generally produce more than 1,000 megawatts of electricity, SMRs are designed to produce as low as five megawatts. The modularity of such reactors allows for manufacturing off-site and installation at the desired location. This can decrease construction time, manufacturing costs and certain environmental costs associated with building on site.

    This means SMRs are more feasible for many off-grid communities that lack reliable access to electricity, many of which are Indigenous. In 2023, the Canada Energy regulator said there were 178 remote Indigenous and northern communities not connected to the North American electricity grid and natural gas infrastructure.

    In an effort to shift reliability from carbon-emitting resources to nuclear power, SMRs provide an exciting alternative, but implementation needs effective engagement with Indigenous communities to flourish.

    Small modular reactors (SMRs) could be relatively feasible way to generate power for many off-grid communities.
    (A. Vargas/IAEA)

    Engaging Indigenous communities

    Much of Canada’s electricity is already generated from low-carbon emission sources. However, there are still areas in northern Canada that are reliant on diesel, and therefore SMR plans are often aimed at providing electricity to these communities.

    While on paper, this might sound like the perfect solution, there’s a lot to consider about SMR siting from an environmental perspective in these remote communities. These considerations include but are not limited to potential locations, source term, refuelling and waste management.

    As research continues into the engineering and science behind SMR technology, meaningful community engagement with Indigenous communities is also required.

    Thoughtfully considered and integrated consultations are necessary to ensure projects respect treaties, land rights and the surrounding environment. Consultation is needed to understand the needs and goals of the community for creating an energy transition plan.

    In addition, incorporating traditional ecological knowledge in environmental risk assessments is vital. Ultimately, projects designed alongside Indigenous communities should strive for Indigenous sovereignty over growing infrastructure.

    Why community engagement is important

    Indigenous communities continue to face challenges as a result of colonization. The Truth and Reconciliation Commission’s (TRC) seventh Call to Action highlights the need to eliminate educational and employment disparity between Indigenous and non-Indigenous Canadians.

    A direct way to address in terms of Canada’s nuclear landscape is to train members of those communities in technical roles related to the planning, deployment and sustained use of a nuclear facility. Specifically, training today’s Indigenous youth so they can fulfil these roles in their future careers.

    The TRC’s Call to Action 92 calls on Canada’s corporate sector to engage in meaningful consultation, respectful relationship-building and equitable access to training and education opportunities that will contribute to long-term benefits from any economic development projects.

    Through understanding the need for this relationship-building, there is a lot that western practices can learn from adopting Indigenous ways of knowing. Indigenous people have a long history of sustainable practices in their culture and traditions, and although western science now consider sustainable practices, it is not deeply woven into community and industrial initiatives.

    As nuclear projects advance in Canada, it’s vital to respect Indigenous knowledge through weaving with western science. Projects can adopt a Two-Eyed seeing approach. This refers to viewing a problem with one eye using an Indigenous knowledge perspective and the other with a western knowledge lens. There is much to learn from understanding the philosophy behind Indigenous ways of knowing that can be applied to protect the environment.

    Indigenous knowledge varies across Canada and comes with different insights, but a commonality is the teaching that all living things are interconnected and must be respected and cared for. This perspective is necessary for the future of nuclear projects to ensure the environment is sustained to support the biodiversity of regions throughout Canada.

    This informed approach of protecting the environment, together with an ecosystem approach that considers the uniqueness and interconectedness of each organism, will ultimately lead to improved nuclear policies and safety.

    The actions that institutions and private industry take today to build strong relationships with Indigenous communities and work towards an increasingly sustainable future will support already resilient communities so they can see growth well beyond the deployment of SMRs. A path to a cleaner future is in reach, but only if we walk beside Indigenous leaders, knowledge holders, community members and, especially, youth.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Indigenous engagement is essential for small modular nuclear reactor projects – https://theconversation.com/indigenous-engagement-is-essential-for-small-modular-nuclear-reactor-projects-252134

    MIL OSI – Global Reports

  • MIL-OSI Canada: Investing in flood reduction capacity in Peterborough

    Source: Government of Canada News (2)

    Peterborough, ON, June 19, 2025 — The new downtown flood reduction project in Peterborough, supported by an $11-million investment from the federal government, will replace an existing storm sewer and help improve water flow and drainage, significantly reducing the impact of extreme weather events for homes and businesses.

    A 2004 storm brought severe rainfall and caused significant flood damage to downtown Peterborough. It disrupted residential living conditions, caused lost income to local businesses, and created financial hardships for affected community members. As part of the City’s strategy to prevent future floods of this magnitude, a 100-year capacity sewer will replace the existing sewer along Charlotte Street from Park Street to Water Street. The project will also improve water flow and drainage from the street, significantly reducing the impact of extreme weather events.

    Investing in public infrastructure projects designed to mitigate current and future climate-related risks supports more resilient Canadian communities. Making adaptation investments now will have major economy-wide benefits later. Every dollar that is invested in adapting and preparing for climate-related disasters can return as much as $13 to $15 in benefits.

    MIL OSI Canada News

  • MIL-OSI: 1 Hour Payday Loans With No Credit Check Guaranteed Approval – RadCred Launches New Offering for Borrowers with Instant Loan for Bad Credit in 2025

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 19, 2025 (GLOBE NEWSWIRE) — RadCred has announced the launch of its new solution, addressing the urgent financial needs of consumers with 1 hour payday loans, no credit check, and guaranteed approval. 

    This initiative aims to connect borrowers with licensed direct lenders that offer quick funding solutions, including those with low credit scores. With financial emergencies on the rise, RadCred’s platform provides a streamlined and secure way for consumers to access funds swiftly.

    Rising Demand for 1 Hour Payday Loans No Credit Check

    The financial landscape this year is expected to see a notable increase in consumers seeking small, short-term loans due to unforeseen expenses. Rising inflation, medical emergencies, and urgent bills have driven demand for 1 hour payday loans no credit check services that offer speed and convenience. 

    Many borrowers now seek payday loans online with no credit check and instant approval to avoid lengthy application procedures and credit inquiries that could negatively impact their financial standing. RadCred’s platform aims to fill this gap by connecting applicants with lenders that provide rapid decisions, helping to ease the economic pressures faced by thousands of Americans.

    Key Features of RadCred’s 1 hour Payday Loans No Credit Check

    RadCred’s latest offering provides a range of features designed to meet borrower needs efficiently and securely. This solution helps connect applicants with licensed direct lenders, offering fast approvals, flexible loan amounts, and no credit check requirements, making it an ideal option for those seeking quick financial support in emergencies.

    • Fast Approval Process
      Applicants can receive approvals within minutes, due to RadCred’s streamlined lender network that prioritizes speed without compromising data integrity.
    • No Hard Credit Inquiry
      The platform connects borrowers with lenders who assess applications without affecting credit scores, making it suitable for those with bad credit.
    • Flexible Loan Amounts
      RadCred’s network offers a range of loan amounts, enabling borrowers to secure funds tailored to their individual financial needs.
    • Licensed Direct Lender Access
      RadCred collaborates exclusively with licensed lenders, ensuring that borrowers are connected with reputable financial providers.

    How RadCred’s 1 Hour Payday Loans No Credit Check Process Works?

    The process is designed to be simple, transparent, and efficient for applicants seeking fast funding. RadCred connects borrowers with licensed direct lenders through a secure online platform, allowing users to complete applications, receive loan offers, and access funds without unnecessary delays or complicated paperwork.

    • Online Application Form
      Borrowers complete a secure digital form, providing essential personal and financial details to initiate the request.
    • Instant Lender Matching
      RadCred’s platform matches borrowers with suitable lenders based on provided criteria, often within moments of submission.
    • Loan Offer Review
      Applicants can review terms from direct lenders before deciding to proceed, allowing for informed financial choices.
    • Electronic Fund Transfer
      Once accepted, funds are typically transferred electronically, often within the same business day.

    Technology & Security Behind RadCred’s 1 Hour Payday Loans

    RadCred uses advanced encryption technology and secure server protocols to protect borrower data throughout the application process. The platform ensures compliance with data privacy regulations and maintains transparency in the sharing of information with lending partners. Its technology-driven lender-matching system reduces delays, helping borrowers receive fast responses while safeguarding sensitive information.

    Eligibility Requirements for Payday Loan No Credit Check

    For consumers considering 1 hour payday loans no credit check or payday loans online no credit check instant approval, understanding basic eligibility criteria is essential. RadCred ensures that borrowers meet minimum standards before connecting them to licensed direct lenders offering no credit check loans with guaranteed approval. These requirements support responsible borrowing while enabling swift loan processing.

    • Minimum Age Requirement
      To apply for payday loans 1 hour no credit check through RadCred, borrowers must be at least 18 years old. This ensures compliance with legal standards across states. Lenders verify age using official documents, providing assurance that only eligible applicants can access instant payday loans online guaranteed approval.
    • Proof of Income
      Applicants must present verifiable proof of income when seeking 1 hour payday loans no credit check direct lender services. This demonstrates the borrower’s ability to repay the loan. Acceptable proof may include recent pay stubs, bank statements, or benefits documentation to satisfy lender conditions.
    • Valid Bank Account
      A checking or savings account in the applicant’s name is required for small payday loans online with no credit check. This account is used for both disbursing loan funds and facilitating repayments. Having an active bank account helps lenders streamline transactions and ensure the timely delivery of funds.
    • U.S. Residency Status
      RadCred’s network provides payday loan no credit check options exclusively to U.S. residents. Applicants must confirm their residency status during the application process. This ensures alignment with applicable federal and state regulations governing no credit check payday loans.

    Benefits of RadCred’s 1 Hour Payday Loans No Credit Check vs. Traditional Payday Lending

    Borrowers exploring 1 hour payday loans no credit check increasingly prefer RadCred’s online process over traditional payday lending. By connecting applicants with no-credit-check loans that offer guaranteed approval and direct lender options, RadCred provides transparency, faster funding, and added convenience. The following benefits highlight why digital lending is reshaping short-term borrowing in 2025.

    • Quicker Processing Times
      Unlike conventional payday loan storefronts, which often involve paperwork and in-person visits, RadCred offers 1 hour payday loans online with no credit check instant approval through its secure digital platform. Borrowers complete applications in minutes and receive near-instant lender matches, enabling faster access to emergency funds.
    • Greater Transparency on Loan Terms
      Traditional payday lenders may not always disclose full loan terms upfront. RadCred ensures borrowers can review lender offers, repayment schedules, and APRs before committing to payday loans online with no credit check instant approval. This empowers consumers to make informed financial decisions.
    • Convenient Remote Access
      RadCred’s system allows borrowers to apply for instant payday loans online with guaranteed approval from any device, eliminating the need for travel. The process accommodates busy schedules, making it ideal for those managing urgent expenses or limited by work and personal commitments.
    • Wider Network of Licensed Lenders
      Rather than relying on a single storefront lender, RadCred’s network spans multiple licensed direct lenders. This increases the chance of approval for payday loans 1 hour no credit check and helps borrowers compare loan offers for better terms.

    Explore 1 Hour Payday Loan Options- No Credit Check

    How RadCred Connects Borrowers with Licensed Payday Lenders?

    RadCred simplifies access to 1 hour payday loans no credit check by connecting applicants with licensed direct lenders nationwide. The platform ensures that borrowers seeking payday loans online, with instant approval or guaranteed approval direct lender options, are matched efficiently, securely, and in compliance with all regulatory standards.

    • Digital Lender Network
      RadCred partners with a network of licensed lenders offering 1 hour payday loans with no credit check, direct lender services. This digital-first model enables borrowers to compare multiple loan offers simultaneously, enhancing their chances of approval and helping applicants secure loans that meet their urgent financial needs.
    • Automated Screening Process
      The platform utilises automated technology to match borrowers with lenders who meet their profile for payday loan requests with no credit check. This reduces delays, eliminates manual errors, and ensures that applications are processed with accuracy and speed.
    • Secure Information Sharing
      Borrower details are transmitted securely to matched lenders offering instant payday loans online with guaranteed approval. RadCred employs encrypted data handling practices to safeguard sensitive information, providing borrowers with confidence throughout the application process.
    • Streamlined Communication
      RadCred facilitates direct, transparent communication between borrowers and lenders, offering payday loans with a 1 hour no-credit-check. Borrowers can review, question, and accept loan terms online, supporting clarity and informed decision-making without the need to visit physical offices.

    Conclusion

    RadCred’s launch of 1 hour payday loans with no credit check guaranteed approval underscores its focus on offering accessible financial solutions in today’s fast-paced environment. By focusing on speed, security, and transparency, RadCred provides a valuable option for borrowers seeking urgent funding through licensed lenders.

    About Radcred 

    RadCred is an online platform that connects borrowers with a network of licensed direct lenders across the United States. The platform prioritizes security, speed, and transparency in facilitating short-term loan solutions.

    Disclaimer

    RadCred is not a lender and does not make loan offers or credit decisions. Loan terms, including APRs and repayment periods, are determined by the direct lenders within the network. Borrowers should review all terms carefully before proceeding.

    The MIL Network

  • MIL-OSI: 1 Hour Payday Loans With No Credit Check Guaranteed Approval – RadCred Launches New Offering for Borrowers with Instant Loan for Bad Credit in 2025

    Source: GlobeNewswire (MIL-OSI)

    Glendale, California, June 19, 2025 (GLOBE NEWSWIRE) — RadCred has announced the launch of its new solution, addressing the urgent financial needs of consumers with 1 hour payday loans, no credit check, and guaranteed approval. 

    This initiative aims to connect borrowers with licensed direct lenders that offer quick funding solutions, including those with low credit scores. With financial emergencies on the rise, RadCred’s platform provides a streamlined and secure way for consumers to access funds swiftly.

    Rising Demand for 1 Hour Payday Loans No Credit Check

    The financial landscape this year is expected to see a notable increase in consumers seeking small, short-term loans due to unforeseen expenses. Rising inflation, medical emergencies, and urgent bills have driven demand for 1 hour payday loans no credit check services that offer speed and convenience. 

    Many borrowers now seek payday loans online with no credit check and instant approval to avoid lengthy application procedures and credit inquiries that could negatively impact their financial standing. RadCred’s platform aims to fill this gap by connecting applicants with lenders that provide rapid decisions, helping to ease the economic pressures faced by thousands of Americans.

    Key Features of RadCred’s 1 hour Payday Loans No Credit Check

    RadCred’s latest offering provides a range of features designed to meet borrower needs efficiently and securely. This solution helps connect applicants with licensed direct lenders, offering fast approvals, flexible loan amounts, and no credit check requirements, making it an ideal option for those seeking quick financial support in emergencies.

    • Fast Approval Process
      Applicants can receive approvals within minutes, due to RadCred’s streamlined lender network that prioritizes speed without compromising data integrity.
    • No Hard Credit Inquiry
      The platform connects borrowers with lenders who assess applications without affecting credit scores, making it suitable for those with bad credit.
    • Flexible Loan Amounts
      RadCred’s network offers a range of loan amounts, enabling borrowers to secure funds tailored to their individual financial needs.
    • Licensed Direct Lender Access
      RadCred collaborates exclusively with licensed lenders, ensuring that borrowers are connected with reputable financial providers.

    How RadCred’s 1 Hour Payday Loans No Credit Check Process Works?

    The process is designed to be simple, transparent, and efficient for applicants seeking fast funding. RadCred connects borrowers with licensed direct lenders through a secure online platform, allowing users to complete applications, receive loan offers, and access funds without unnecessary delays or complicated paperwork.

    • Online Application Form
      Borrowers complete a secure digital form, providing essential personal and financial details to initiate the request.
    • Instant Lender Matching
      RadCred’s platform matches borrowers with suitable lenders based on provided criteria, often within moments of submission.
    • Loan Offer Review
      Applicants can review terms from direct lenders before deciding to proceed, allowing for informed financial choices.
    • Electronic Fund Transfer
      Once accepted, funds are typically transferred electronically, often within the same business day.

    Technology & Security Behind RadCred’s 1 Hour Payday Loans

    RadCred uses advanced encryption technology and secure server protocols to protect borrower data throughout the application process. The platform ensures compliance with data privacy regulations and maintains transparency in the sharing of information with lending partners. Its technology-driven lender-matching system reduces delays, helping borrowers receive fast responses while safeguarding sensitive information.

    Eligibility Requirements for Payday Loan No Credit Check

    For consumers considering 1 hour payday loans no credit check or payday loans online no credit check instant approval, understanding basic eligibility criteria is essential. RadCred ensures that borrowers meet minimum standards before connecting them to licensed direct lenders offering no credit check loans with guaranteed approval. These requirements support responsible borrowing while enabling swift loan processing.

    • Minimum Age Requirement
      To apply for payday loans 1 hour no credit check through RadCred, borrowers must be at least 18 years old. This ensures compliance with legal standards across states. Lenders verify age using official documents, providing assurance that only eligible applicants can access instant payday loans online guaranteed approval.
    • Proof of Income
      Applicants must present verifiable proof of income when seeking 1 hour payday loans no credit check direct lender services. This demonstrates the borrower’s ability to repay the loan. Acceptable proof may include recent pay stubs, bank statements, or benefits documentation to satisfy lender conditions.
    • Valid Bank Account
      A checking or savings account in the applicant’s name is required for small payday loans online with no credit check. This account is used for both disbursing loan funds and facilitating repayments. Having an active bank account helps lenders streamline transactions and ensure the timely delivery of funds.
    • U.S. Residency Status
      RadCred’s network provides payday loan no credit check options exclusively to U.S. residents. Applicants must confirm their residency status during the application process. This ensures alignment with applicable federal and state regulations governing no credit check payday loans.

    Benefits of RadCred’s 1 Hour Payday Loans No Credit Check vs. Traditional Payday Lending

    Borrowers exploring 1 hour payday loans no credit check increasingly prefer RadCred’s online process over traditional payday lending. By connecting applicants with no-credit-check loans that offer guaranteed approval and direct lender options, RadCred provides transparency, faster funding, and added convenience. The following benefits highlight why digital lending is reshaping short-term borrowing in 2025.

    • Quicker Processing Times
      Unlike conventional payday loan storefronts, which often involve paperwork and in-person visits, RadCred offers 1 hour payday loans online with no credit check instant approval through its secure digital platform. Borrowers complete applications in minutes and receive near-instant lender matches, enabling faster access to emergency funds.
    • Greater Transparency on Loan Terms
      Traditional payday lenders may not always disclose full loan terms upfront. RadCred ensures borrowers can review lender offers, repayment schedules, and APRs before committing to payday loans online with no credit check instant approval. This empowers consumers to make informed financial decisions.
    • Convenient Remote Access
      RadCred’s system allows borrowers to apply for instant payday loans online with guaranteed approval from any device, eliminating the need for travel. The process accommodates busy schedules, making it ideal for those managing urgent expenses or limited by work and personal commitments.
    • Wider Network of Licensed Lenders
      Rather than relying on a single storefront lender, RadCred’s network spans multiple licensed direct lenders. This increases the chance of approval for payday loans 1 hour no credit check and helps borrowers compare loan offers for better terms.

    Explore 1 Hour Payday Loan Options- No Credit Check

    How RadCred Connects Borrowers with Licensed Payday Lenders?

    RadCred simplifies access to 1 hour payday loans no credit check by connecting applicants with licensed direct lenders nationwide. The platform ensures that borrowers seeking payday loans online, with instant approval or guaranteed approval direct lender options, are matched efficiently, securely, and in compliance with all regulatory standards.

    • Digital Lender Network
      RadCred partners with a network of licensed lenders offering 1 hour payday loans with no credit check, direct lender services. This digital-first model enables borrowers to compare multiple loan offers simultaneously, enhancing their chances of approval and helping applicants secure loans that meet their urgent financial needs.
    • Automated Screening Process
      The platform utilises automated technology to match borrowers with lenders who meet their profile for payday loan requests with no credit check. This reduces delays, eliminates manual errors, and ensures that applications are processed with accuracy and speed.
    • Secure Information Sharing
      Borrower details are transmitted securely to matched lenders offering instant payday loans online with guaranteed approval. RadCred employs encrypted data handling practices to safeguard sensitive information, providing borrowers with confidence throughout the application process.
    • Streamlined Communication
      RadCred facilitates direct, transparent communication between borrowers and lenders, offering payday loans with a 1 hour no-credit-check. Borrowers can review, question, and accept loan terms online, supporting clarity and informed decision-making without the need to visit physical offices.

    Conclusion

    RadCred’s launch of 1 hour payday loans with no credit check guaranteed approval underscores its focus on offering accessible financial solutions in today’s fast-paced environment. By focusing on speed, security, and transparency, RadCred provides a valuable option for borrowers seeking urgent funding through licensed lenders.

    About Radcred 

    RadCred is an online platform that connects borrowers with a network of licensed direct lenders across the United States. The platform prioritizes security, speed, and transparency in facilitating short-term loan solutions.

    Disclaimer

    RadCred is not a lender and does not make loan offers or credit decisions. Loan terms, including APRs and repayment periods, are determined by the direct lenders within the network. Borrowers should review all terms carefully before proceeding.

    The MIL Network

  • Dr. Jitendra Singh highlights 11 years of transformational growth in space, tech and innovation

    Source: Government of India

    Source: Government of India (4)

    In a compelling address at the Economic Times Education Summit 2025, Union Minister Dr. Jitendra Singh underscored the sweeping technological transformation that has permeated Indian society over the past 11 years under Prime Minister Narendra Modi’s leadership. The Minister, who holds charge of Science and Technology, Earth Sciences, and the Department of Space, said India is now witnessing an unprecedented wave of scientific advancement and innovation reaching into every household.

    Dr. Singh credited this shift to the creation of an enabling ecosystem that has nurtured talent across sectors. He pointed to “Operation Sindoor” as a landmark achievement that showcases India’s enhanced scientific capacity and defense readiness, particularly in countering drone and missile threats.

    “There was never a lack of talent in this country. What we lacked was an enabling environment to nurture it. PM Modi’s visionary leadership over the past decade has created that ecosystem,” said the Minister.

    He highlighted the impact of key reforms such as the opening up of the space and nuclear sectors, which he said have had a multiplier effect on diverse fields including agriculture, education, defence, disaster management, land records, and e-governance.

    Emphasizing India’s emergence as a global hub for aspirational youth, Dr. Singh said the nation is now defined by its scientific ambitions and technological confidence. “The rise of aspirations enabled by science and innovation is testimony to the Ease of Living as well as the Ease of Doing Research. Indians abroad today wear their identity with pride, and the world respects that,” he said.

    Reflecting on India’s economic journey, the Minister projected that the country’s continued ascent to becoming the fourth-largest economy and beyond would be driven by core sectors such as space, marine technology, and biotechnology. He drew special attention to the recently launched BIO-e3 Policy, which centers on Economy, Employment, and Environment, calling it a catalyst for a biotechnology revolution.

    Dr. Singh also spotlighted India’s achievements in healthcare, especially during the COVID-19 pandemic, including the development of the world’s first DNA-based vaccine and the execution of the largest vaccination campaign globally.

    He lauded India’s rapid progress in space exploration, recalling the landmark Chandrayaan-3 mission that made India the first country to land on the Moon’s South Pole. Looking ahead, he said India’s participation in the upcoming Axiom-4 mission, with Group Captain Shubhanshu Shukla as Mission Pilot, marks a new chapter of international collaboration in space. This mission will feature Indian-developed biotechnology experiments focusing on space nutrition and self-sustaining life support systems using microgravity-compatible biotech kits.

    “These kits, conceptualized and validated by Indian scientists, will lay the foundation for long-duration human spaceflight research,” he stated.

    The Minister also projected robust growth for India’s space economy, estimating a rise from the current $8 billion to $44 billion in the coming years. He noted that India now has over 300 space startups, a remarkable leap from the single-digit count in 2014. Space medicine, he added, would be a key frontier in which India is already making strides.

    Highlighting the use of technology for citizen-centric governance, Dr. Singh cited innovations like face recognition technology for pension verification and the evolution of the CPGRAMS grievance redressal system, which now handles 26 lakh complaints annually, up from just 2 lakh in 2014.

    While acknowledging the growing role of artificial intelligence, Dr. Singh cautioned against over-reliance on AI-only models and advocated for a hybrid approach that integrates AI with human judgment to maintain empathy and integrity in governance.

    “India has matured into a nation where scientific research is not just academic—it’s strategic, secure, and sovereign,” he concluded.

  • Dr. Jitendra Singh highlights 11 years of transformational growth in space, tech and innovation

    Source: Government of India

    Source: Government of India (4)

    In a compelling address at the Economic Times Education Summit 2025, Union Minister Dr. Jitendra Singh underscored the sweeping technological transformation that has permeated Indian society over the past 11 years under Prime Minister Narendra Modi’s leadership. The Minister, who holds charge of Science and Technology, Earth Sciences, and the Department of Space, said India is now witnessing an unprecedented wave of scientific advancement and innovation reaching into every household.

    Dr. Singh credited this shift to the creation of an enabling ecosystem that has nurtured talent across sectors. He pointed to “Operation Sindoor” as a landmark achievement that showcases India’s enhanced scientific capacity and defense readiness, particularly in countering drone and missile threats.

    “There was never a lack of talent in this country. What we lacked was an enabling environment to nurture it. PM Modi’s visionary leadership over the past decade has created that ecosystem,” said the Minister.

    He highlighted the impact of key reforms such as the opening up of the space and nuclear sectors, which he said have had a multiplier effect on diverse fields including agriculture, education, defence, disaster management, land records, and e-governance.

    Emphasizing India’s emergence as a global hub for aspirational youth, Dr. Singh said the nation is now defined by its scientific ambitions and technological confidence. “The rise of aspirations enabled by science and innovation is testimony to the Ease of Living as well as the Ease of Doing Research. Indians abroad today wear their identity with pride, and the world respects that,” he said.

    Reflecting on India’s economic journey, the Minister projected that the country’s continued ascent to becoming the fourth-largest economy and beyond would be driven by core sectors such as space, marine technology, and biotechnology. He drew special attention to the recently launched BIO-e3 Policy, which centers on Economy, Employment, and Environment, calling it a catalyst for a biotechnology revolution.

    Dr. Singh also spotlighted India’s achievements in healthcare, especially during the COVID-19 pandemic, including the development of the world’s first DNA-based vaccine and the execution of the largest vaccination campaign globally.

    He lauded India’s rapid progress in space exploration, recalling the landmark Chandrayaan-3 mission that made India the first country to land on the Moon’s South Pole. Looking ahead, he said India’s participation in the upcoming Axiom-4 mission, with Group Captain Shubhanshu Shukla as Mission Pilot, marks a new chapter of international collaboration in space. This mission will feature Indian-developed biotechnology experiments focusing on space nutrition and self-sustaining life support systems using microgravity-compatible biotech kits.

    “These kits, conceptualized and validated by Indian scientists, will lay the foundation for long-duration human spaceflight research,” he stated.

    The Minister also projected robust growth for India’s space economy, estimating a rise from the current $8 billion to $44 billion in the coming years. He noted that India now has over 300 space startups, a remarkable leap from the single-digit count in 2014. Space medicine, he added, would be a key frontier in which India is already making strides.

    Highlighting the use of technology for citizen-centric governance, Dr. Singh cited innovations like face recognition technology for pension verification and the evolution of the CPGRAMS grievance redressal system, which now handles 26 lakh complaints annually, up from just 2 lakh in 2014.

    While acknowledging the growing role of artificial intelligence, Dr. Singh cautioned against over-reliance on AI-only models and advocated for a hybrid approach that integrates AI with human judgment to maintain empathy and integrity in governance.

    “India has matured into a nation where scientific research is not just academic—it’s strategic, secure, and sovereign,” he concluded.

  • MIL-OSI USA: Case Proposes Measure To Advance Energy Resiliency For Remote Island, Native Hawaiian and Tribal Communities

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01) today announced an effort to codify into law a federal program to expand energy resilience and reliability for some of the nation’s most vulnerable regions – isolated island, Native Hawaiian and Tribal communities – which often face common and unique energy obstacles including limited energy infrastructure, high costs of imported energy and vulnerability to natural disasters.

    “In Hawai‘i, which ranks as the state with the most expensive power in the nation, residential electricity rates average 34 cents per kilowatt, far exceeding the national average by threefold,” said Case. “My bill will ensure continued federal support for Hawaii’s effort to transition to clean, affordable energy sources in ways that address our unique challenges.”

    These unique energy resilience challenges in Hawai‘i, along with remote and Tribal areas, are the focus of the U.S. Department of Energy’s Energy Transitions Initiative Project program. Since its inception, this program has partnered with over 25 Tribal, coastal, remote and island communities across the nation to help them secure reliable and affordable energy. Congressman Case has long supported this program through his assignment on the House Appropriations Committee.

    “Although the Energy Transitions Initiative Partnership Project program has helped Hawai‘i and many other communities many across our great nation, it has never been formally codified,” said Case. “My bill, the Energy Transitions Initiative Authorization Act, will ensure this program can continue the technical assistance offered to remote, island and Tribal communities that is unique and accommodating to their expertise and deep knowledge of local challenges and solutions.”

    The Energy Transitions Initiative Partnership Project program provides customized technical and financial assistance to community projects aimed at accessing reliable and affordable power and increasing energy resilience. Specific community projects include solar power interconnection, analyzing wind energy potential, conducting wildfire preparedness, advancing weatherization retrofits and implementing microgrids and battery storage projects.

    In Hawai‘i, the Energy Transitions Initiative Partnership Project program has provided technical assistance to the City and County of Honolulu to conduct microgrid location analyses for regional hybrid microgrids and map designs.

    Because Hawai‘i is prone to severe weather conditions that have previously caused long-duration power outages, Hawai‘i has identified hybrid microgrids as one method to improve resilience. Microgrids are best suited to areas prone to prolonged outages during weather events, with clusters of customers and potential availability of renewable energy sources.

    The product of this partnership was a map identifying potential locations given a set of criteria that stakeholders prioritized in the areas of criticality, vulnerability and societal impact.

    ###

    Attachments:

    1. Copy of measure is here
    2. Copy of Case remarks on the measure is available here.

     

    MIL OSI USA News

  • MIL-OSI: Sky Quarry to Outline Growth Strategy, Refinery Ramp-Up, and National Rollout in June 26 Investor Webinar

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, June 19, 2025 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced that it will host a live investor webinar on Thursday, June 26 at 11:00 a.m. PDT / 2:00 p.m. EDT.

    The webinar will provide a strategic overview of the Company’s recent milestones and outline how these developments support Sky Quarry’s broader growth plan. Topics will include:

    • Utah Permit Update: How the application moves Sky Quarry closer to commercializing its PR Spring site as part of a scalable waste-to-energy strategy
    • Strategic Partnerships: The role of non-binding letters of intent with Southwind RAS, Right Way Roofing, and R & R Solutions in securing regional feedstock and siting modular units
    • Refinery Capacity Planning: How Sky Quarry’s plans to increase throughput at the Foreland Refinery could strengthen regional fuel supply and unlock future revenue opportunities
    • Emerging Market Tailwinds: How tightening fuel supplies in California are creating strong demand signals for Sky Quarry’s clean fuel strategy

    The webinar will feature Sky Quarry executives David Sealock, Chairman and CEO, and Marcus Laun, EVP and Director, and will be moderated by Lloyd MacNeil, a partner at Troutman Pepper and a project finance attorney specializing in energy infrastructure.

    The presentation will be followed by a live Q&A. Attendees are encouraged to submit questions in advance by emailing ir@skyquarry.com.

    Registration is open to all investors, industry partners, and media. To register for the webinar, please click here. Space is limited, so early registration is encouraged.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the Company’s Form 10-K as filed with the SEC on March 31, 2025, as well as the Company’s Form 10-Q as filed with the SEC on May 15, 2025. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Jennifer Standley
    Director of Investor Relations
    Ir@skyquarry.com 

    Company Website
    www.skyquarry.com

    The MIL Network

  • MIL-OSI Canada: Construction Continues On Highways 2 and 13 Assiniboia Partnership Project

    Source: Government of Canada regional news

    Released on June 19, 2025

    Today, Highways Minister David Marit and the Town of Assiniboia celebrated the ongoing progress of a more than $10.6 million partnership project that will improve Highways 2 and 13, while strengthening the heart of the community.

    “Our provincial government is proud to play a role improving these key transportation arteries through Assiniboia, which is a service hub for the region,” Marit said. “These highways when completed will better support Saskatchewan’s export-based economy, local agriculture, tourism and businesses in the centre of town.”

    The 4.96 km project involves:

    • The rehabilitation and repaving of Highway 2 (also known as Empire Road and Centre Street) from Leeville Street to north of Highway 13, along with Highway 13 (also known as First Avenue West and First Avenue East) from Centre Street to Leeville Street.
    • Curb and sidewalk replacements along the route.

    “We are incredibly grateful for the investment in this vital infrastructure project,” Assiniboia Mayor Sharon Schauenberg said. “Improved roads mean safer travel, more efficient transportation, and long-term benefits for our residents and local economy.”

    The Ministry of Highways is investing more than $10.17 million toward the project. The Town of Assiniboia is investing up to $485,000.

    On-site project work began this spring and is expected to be completed this fall, pending weather.

    Motorists are reminded to obey all signage and flag persons in the area and to check the Highway Hotline at https://hotline.gov.sk.ca/ for construction updates before heading out.

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    For more information, contact:

    MIL OSI Canada News