Category: Economy

  • MIL-OSI: Trans Mountain Corporation Releases First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — Trans Mountain Corporation (“TMC” or “the Company”) has released its financial statements and associated management report for the three months ending March 31, 2025. The Company’s financial results are also included in Canada Development Investment Corporation’s (“CDEV”) consolidated quarterly financial statements.

    Adjusted earnings before interest, taxes, depreciation, and amortization (“EBITDA”) reflect the performance of TMC’s base business. Revenues and Adjusted EBITDA have increased significantly following the commercial commencement of the Expanded System on May 1, 2024.

    Financial Highlights:

    • EBITDA: For the three-month period ending March 31, 2025, Adjusted EBITDA increased by $532 million to $568 million, compared to $36 million in the same period of the prior year.
    • Capital Structure: In December 2024, Canada TMP Finance Ltd., the entity which holds the Government of Canada’s investment in TMC, provided funding to repay $17.9 billion of guaranteed third-party debt. The refinancing results in lower interest costs for the Company, making additional funds available to optimize the system, grow, pay down debt or increase returns to its shareholder.
    • Capital Return: During the first quarter an aggregate of $311 million was paid to Canada TMP Finance Ltd., consisting of $148 million in interest payments and $163 million in cash dividends. These distributions are expected to grow significantly in 2026 and beyond.

    Operational Highlights:

    • Throughput: During the first quarter, the Expanded System had an average daily mainline throughput of approximately 757,000 barrels per day (bpd), including 445,000 bpd to Westridge Marine Terminal, 227,000 bpd to Washington state on the Puget Sound Pipeline and 85,000 bpd to BC delivery points.
    • Vessel Traffic: For the three-month period ending March 31, 2025, 74 vessels were loaded at Westridge Marine Terminal, including 29 vessels in March marking a new monthly high for the Expanded System’s operation. Since the commercial commencement of the Expanded System on May 1, 2024, TMC has loaded 266 vessels at the terminal. Third-party information suggests vessel destinations have been broadly split between the US West Coast and Asia.
    • Loading Performance: Ship loading performance remains strong. During the quarter, approximately 90 per cent of ships were loaded on time, with delays attributable to vessel operator factors.

    Since the commercial commencement of the Expanded System, all deliveries have been subject to the Expanded System tariff and tolls. Contractually committed revenues associated with the 15-and 20-year transportation service contracts covering approximately 80 per cent of the Expanded System’s capacity have resulted in a significant increase to transportation volumes, revenues and Adjusted EBITDA.

    TMC reported net income of $148 million for the first quarter of 2025, as compared to $158 million in the same period of the prior year. While Adjusted EBITDA reflects the results from the Company’s base business, net income incorporates depreciation and amortization expense, as well as the significant financing impacts of the Trans Mountain Expansion Project (“TMEP”), specifically, the equity allowance for funds used during construction (“AFUDC”), interest expense and capitalized debt financing costs.

    While net income decreased by $10 million year-over year, the underlying factors changed significantly. Interest expense before capitalized debt financing costs was materially lower, reflecting the recapitalization of TMC’s balance sheet in December 2024. However, these savings were offset by increased depreciation and amortization expense, and the cessation of equity AFUDC and capitalized debt financing costs on TMEP following the commercial commencement of the Expanded System.

    CEO Comments

    “Trans Mountain is demonstrating its strategic value to Canada’s economy,” said Mark Maki, Chief Executive Officer, Trans Mountain Corporation. “Our team remains focused on safe, reliable operations as we complete one year of Expanded System operations. The Expanded System has driven strong value to Canada’s energy producers and Canadians overall.” Maki continued, “This critical infrastructure is opening new global markets for Canadian energy, reducing reliance on a single US market and ensuring long-term economic benefits for Canadians. These results reflect the hard work, commitment to safety and collaboration of our dedicated team.

    For the three-month period ending March 31, 2025, the West Texas Intermediate to Western Canadian Select differential averaged US$13 per barrel (bbl), which was US$4 per bbl narrower than the average of US$17 per bbl in Q1, 2024. While the differential does not directly affect TMC’s operational or financial performance, the commencement of the Expanded System has contributed to greater egress optionality and improved oil prices for Canadian producers in the Western Canada Sedimentary Basin,” concluded Maki.

    See the full financial statements and management report documents here. See CDEV’s Quarterly Report here.

    Looking Forward

    Toll Hearing: TMC continues to operate under an interim toll structure currently before the Canada Energy Regulator (CER). On November 30, 2023, the CER approved preliminary interim tolls for the Expanded System, which remain in effect today. Under the current CER hearing timeline, final arguments are scheduled for late 2025.

    Optimization Opportunities: Trans Mountain is exploring both short and long-term optimization projects aimed at increasing pipeline capacity by 200,000 bpd to 300,000 bpd. Potential solutions may include the use of drag-reducing agents to increase flow efficiency, as well as other operational enhancements to improve system capabilities.

    Forward-looking information

    This news release contains certain statements that constitute forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking information”). Forward-looking information is not historical fact, but instead represents the current expectations of TMC regarding future operating results and other future events relating to TMC, many of which, by their nature, are inherently uncertain and outside of the control of TMC. Forward-looking information can be identified by words or phrases such as “will”, “may”, “expect”, “anticipate”, “believe”, “intend”, “plan”, “seek”, “aim”, “potential”, “should”, “would” and similar words or expressions. Forward-looking information in this news release includes, but is not limited to, expectations regarding future distributions, potential uses of funds resulting from lower interest costs, expected timing for final arguments for the current CER hearing, potential optimization projects and the expected increase in pipeline capacity resulting from such projects. the opening of global markets for Canadian energy and long-term economic benefits resulting from TMC’s infrastructure. Actual results could differ materially from those anticipated in the forward-looking information. The forward-looking information in this news release is based on certain assumptions that TMC has made regarding, among other things: market conditions, economic conditions, prevailing governmental policies, regulatory, tax, and environmental laws and regulations, inflation rates and commodity prices, future demand for space on TMC’s pipeline systems, interest, tax and foreign exchange rates and expected cash flows and availability of funds. Although TMC believes the assumptions and other factors reflected in the forward-looking information are reasonable as of the date hereof, there can be no assurance that these assumptions and factors will prove to be correct and, as such, forward-looking information is not a guarantee of future performance. Forward-looking information is subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the regulatory environment and decisions, including the outcome of regulatory hearings, the available supply and price of energy commodities, TMC’s ability to successfully implement its strategic priorities, the operating performance of TMC’s pipelines and related assets, performance and credit risk of TMC’s counterparties, the geopolitical environment, actions taken by governmental or regulatory authorities, changes in laws, the occurrence of unexpected events such as fires and severe weather conditions, cyber-attacks and other accidents or similar events and adverse general economic and market conditions or other risk factors, many of which are beyond the control of TMC. The foregoing list of assumptions and risk factors should not be construed as exhaustive. The forward-looking information contained in this news release speaks only as of the date hereof. TMC does not undertake any obligation to publicly update or revise any forward-looking information contained herein, except as required by applicable laws. All forward looking information contained in this news release is expressly qualified by this cautionary statement.

    GAAP and Non-GAAP measures

    We make use of certain financial measures that do not have a standardized meaning under U.S. GAAP because we believe they improve management’s ability to evaluate our operating performance and compare results between periods. These are known as non-GAAP measures and may not be similar to measures provided by other entities. The non-GAAP measures discussed above should not be considered as an alternative to or more meaningful than revenues, net income, operating income or other U.S. GAAP measures. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization and equity AFUDC) is a non-GAAP measure we use to evaluate our operating performance and is calculated from its most directly comparable U.S. GAAP measure, operating income but excludes the impact of financing decisions, non-cash depreciation and amortization, and non-cash equity AFUDC.

    AFUDC (Allowance for Funds Used During Construction) is an amount recognized under U.S. GAAP by rate-regulated entities to reflect a return on the equity and debt components of capital invested in construction work in progress.

    About Trans Mountain

    Trans Mountain Corporation (together with its wholly-owned subsidiaries, “Trans Mountain”) operates Canada’s only pipeline system transporting oil products to the West Coast. Trans Mountain is a wholly owned entity of Canada TMP Finance Ltd., a subsidiary of Canada Development Investment Corporation (CDEV), the entity which holds the Government of Canada’s investment in TMC. We have nominal capacity to deliver 890,000 barrels of petroleum products each day through a pipeline system of more than 1,180 kilometres of pipeline in Alberta, British Columbia and 111 kilometres of pipeline in Washington state. Trans Mountain also operates a state-of-the-art loading facility, Westridge Marine Terminal, with three berths providing tidewater access to global markets. As a federal Crown corporation, Trans Mountain continues to build on more than 70 years of experience delivering operational and safety excellence through our crude oil pipeline system. To learn more, visit us at www.transmountain.com.

    The MIL Network

  • MIL-OSI USA: May 29th, 2025 Heinrich Presses Trump Administration on Plans to Transfer Public Lands

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, sent a letter to U.S. Department of the Interior Secretary Doug Burgum demanding answers on the Department’s plans to transfer National Park System units out of federal management. The letter follows Heinrich’squestioning of Secretary Burgum during a Senate Interior, Environment, and Related Agencies Appropriations Subcommittee hearing, where Burgum failed to provide sufficient answers on the Trump Administration’s plan to transfer hundreds of sites managed by the National Park Service (NPS) to the states.
    “The Administration’s budget proposes a $900 million reduction to the operation of the National Park System – approximately a 30 percent cut. In the same budget submission, the Administration proposed ‘transferring smaller, lesser visited parks to [s]tate and tribal governments,” Heinrich wrote in his letter to Secretary Burgum.
    The Administration’s proposal to reduce NPS’s budget and transfer management responsibilities of park system units to states threatens local economies and businesses. In fact, national parks are engines of economic growth. In 2023, visitors to NPS sites contributed an estimated $55.6 billion to the economy and supported over 400,000 jobs.
    Heinrich noted that only Congress has authority to transfer NPS units in most circumstances, stating clearly his opposition to transferring these sites to the states, “As you know, most NPS units were established legislatively, and transferring them out of federal management would require legislation from Congress. As the Ranking Member of the Senate Committee on Energy and Natural Resources, which has jurisdiction over legislation regarding the National Park System, I am opposed to the Administration’s proposal to transfer NPS sites to the states.”
    Heinrich continued, emphasizing his concerns over the Secretary’s lack of information on the units under consideration, and what states the Administration hopes to transfer the units to,“You told me that you have not yet consulted with the states that you hope to transfer these units to, nor have you determined which units are under consideration… You told the House Committee on Appropriations, Subcommittee on Interior, Environment, and Related Agencies, that there are ‘over 400 other locations that the National Park Service manages’ that are under consideration for divestment, but you did not provide any detail about which units those are, other than that they are not the ‘crown Jewels.”’
    Heinrich concluded his letter by asking for detailed answers from Secretary Burgum to the following questions:
    At the hearing in the House Appropriations Committee, you said the administration is not considering transferring any of the “crown jewel” national parks. Please list which NPS units the administration is not considering transferring to states and which units the administration is considering transferring to states. For each unit the administration is considering transferring to states, please describe why the administration is considering the transfer.
     What factors will the administration consider when generating its list of which NPS units to transfer and which units not to transfer? In responding to this question, please provide a comprehensive list of all factors the Department will consider.
     For each NPS unit the Department is considering transferring to a state, has the Department conducted or does the Department plan to conduct a comprehensive analysis to understand the economic impact to local gateway communities? If so, please provide a copy of the analysis.
     For each NPS unit the Department is considering transferring to a state, has the Department conducted or does the Department plan to conduct a comprehensive analysis to understand if the state is equipped (e.g., possesses sufficient resources and funding) to manage the site? If so, please provide a copy of the analysis.
    Read the full letter here and below.
    Dear Secretary Burgum:
    Earlier this month, the Trump administration released its preliminary 2026 budget request outlining significant cuts to government agencies, including steep cuts to the Department of the Interior’s National Park Service (NPS). The administration’s budget proposes a $900 million reduction to the operation of the National Park System – approximately a 30 percent cut.
    In the same budget submission, the administration proposed “transferring smaller, lesser visited parks to [s]tate and tribal governments.” The administration’s proposal to reduce NPS’ budget and transfer management responsibilities of park system units to states threatens local economies and businesses. In fact, national parks are engines of economic growth. In 2023, visitors to NPS sites contributed an estimated $55.6 billion to the economy and supported over 400,000 jobs.
    As you know, most NPS units were established legislatively, and transferring them out of federal management would require legislation from Congress. As the ranking member of the Senate Committee on Energy and Natural Resources, which has jurisdiction over legislation regarding the National Park System, I am opposed to the administration’s proposal to transfer NPS sites to the states. States do not have the same resources as the Federal government to manage and maintain these sites that tell the complex story of our nation. The budget proposal makes clear that the administration expects the states to shoulder the burden of managing these sites without any additional funding or resources, many of which have significant and costly deferred maintenance backlogs.
    You appeared before the Senate Committee on Appropriations, Subcommittee on Interior, Environment, and Related Agencies, earlier this week to outline the administration’s budget submission. At that hearing, I asked you about the administration’s plan to transfer hundreds of NPS units to the states. You told me that you have not yet consulted with the states that you hope to transfer these units to, nor have you determined which units are under consideration. Earlier in the week, you told the House Committee on Appropriations, Subcommittee on Interior, Environment, and Related Agencies, that there are “over 400 other locations that the national park service manages” that are under consideration for divestment, but you did not provide any detail about which units those are, other than that they are not the “crown Jewels.”
    In light of these outstanding questions and concerns, I request you provide comprehensive responses to the following questions by June 6, 2025:
    1. At the hearing in the House Appropriations Committee, you said the administration is not considering transferring any of the “crown jewel” national parks. Please list which NPS units the administration is not considering transferring to states and which units the administration is considering transferring to states. For each unit the administration is considering transferring to states, please describe why the administration is considering the transfer.
    2. What factors will the administration consider when generating its list of which NPS units to transfer and which units not to transfer? In responding to this question, please provide a comprehensive list of all factors the Department will consider.
    3. For each NPS unit the Department is considering transferring to a state, has the Department conducted or does the Department plan to conduct a comprehensive analysis to understand the economic impact to local gateway communities? If so, please provide a copy of the analysis.
    4. For each NPS unit the Department is considering transferring to a state, has the Department conducted or does the Department plan to conduct a comprehensive analysis to understand if the state is equipped (e.g., possesses sufficient resources and  funding) to manage the site? If so, please provide a copy of the analysis.
    Thank you, in advance, for your prompt responses to these questions. If you have any questions or need additional information, please do not hesitate to contact my staff at (202) 224-4971.
    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: May 30th, 2025 Heinrich Leads Letter to the Department of the Interior Inspector General Urging Evaluation of Threats Posed by Workforce Reductions at the Bureau of Reclamation

    US Senate News:

    Source: United States Senator for New Mexico Martin Heinrich
    Heinrich and Senators to the DOI Acting Inspector General: “We are concerned that the Administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions”
    WASHINGTON — U.S. Senator Martin Heinrich (D-N.M.), Ranking Member of the Senate Energy and Natural Resources Committee, led seven Democratic Senate Energy and Natural Resources Committee colleagues in a letter urging the U.S. Department of the Interior Acting Inspector General (IG) Caryl Brzymialkiewicz to evaluate the extent to which  the Trump Administration’s workforce reductions at the Bureau of Reclamation (BOR) prevent the agency from fulfilling its statutory mission and implementing relevant programs and activities authorized by Congress.
    “Recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity,” the senators began.
    The BOR is the largest wholesale water supplier in the United States – delivering trillions of gallons of water to more than 31 million people. The BOR also is the second largest producer of hydroelectric power in the country. The facilities the BOR operate generate 40 million megawatt-hours of electricity each year.
    According to reports, the BOR has lost 1,400 public servants, around 25 percent of the agency’s entire workforce, since the Administration began its assault on the federal workforce.
    The senators continued, expressing concern over the lack of strategy and harm to public safety that workforce reductions pose, “Rapid reductions to BOR’s workforce raise significant concerns about the Bureau’s ability to meet its core responsibilities, particularly inspecting dams and identifying threats to public safety.”
    “BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the Administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions,” the senators continued.
    The senators concluded their letter by requesting that the IG evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.
    The letter is led by Ranking Member Martin Heinrich (D-N.M.). The letter is signed by Senate Committee on Energy and Natural Resources Democratic members U.S. Senators Ron Wyden (D-Ore.), Mazie Hirono (D-Hawaii), John Hickenlooper (D-Colo.), Alex Padilla (D-Calif.), and Rueben Gallego (D-Ariz.), Catherine Cortez Masto (D-Nev.), and Maria Cantwell (D-Wash.).
    The full text of the letter is here and below:
    Dear Acting Inspector General Brzymialkiewicz:
    We write to request that your office evaluate the extent to which workforce reductions at the Bureau of Reclamation (“Bureau” or “BOR”) prevent the agency from fulfilling its statutory mission and implementing relevant programs and activities authorized by Congress. The Bureau is the largest wholesaler of water in the United States—delivering trillions of gallons of water to more than 31 million people. The Bureau is also the second largest producer of hydroelectric power in the country. The facilities BOR operate generate 40 million megawatt-hours of electricity each year. However, recent reductions in workforce significantly threaten BOR’s ability to safely and reliably deliver water to communities and farmers, keep waterways flowing for fish and wildlife across the western United States, and produce reliable electricity.
    According to reports, BOR has lost 1,400 public servants since the administration began its assault on the federal workforce. The positions reportedly eliminated include mechanics, engineers, and fish biology specialists—personnel with considerable expertise. Through firings of probational workers, buyouts, early retirements, and other related actions, BOR has shrunk by 25 percent. This workforce reduction has lacked a coherent, mission- and safety- driven strategy and instead led to the departure of experienced personnel—some with over 20 years of experience—leaving the Bureau susceptible to operational disruptions.
    Rapid reductions to BOR’s workforce raise significant concerns about the Bureau’s ability to meet its core responsibilities, particularly inspecting dams and identifying threats to public safety. BOR manages over 450 dams throughout 17 western states. Previously, BOR’s dam safety program identified over 300 high and significant hazard dams at more than 200 facilities. The age and complex nature of dam systems necessitates having experienced staff trained in the operation of such systems. In fact, as your office identified in a September 2023 report, approximately 90 percent of BOR’s dams are more than 50 years old and “[a]ging dams increaset he risk of dam failures.” BOR needs experienced personnel with the necessary expertise to manage critical infrastructure. We are concerned that the administration’s actions to gut the agency of qualified public servants could leave critical water infrastructure and communities vulnerable to operational disruptions.
    Your office is responsible for promoting “accountability, integrity, economy, efficiency, and effectiveness within” the DOI and identifying “ways to improve the DOI’s programs and operations by offering specific, actionable recommendations that lead to positive change.” We therefore urge you to evaluate whether recent workforce reductions at BOR inhibit the Bureau from carrying out its obligations.
    Thank you for your attention to this important matter.
    Sincerely,

    MIL OSI USA News

  • MIL-OSI USA: Dr. Rand Paul Reintroduces Bill to Repeal Job-Killing ‘Tan Tax’

    US Senate News:

    Source: United States Senator for Kentucky Rand Paul
     
     
    FOR IMMEDIATE RELEASE:
    May 30, 2025, 2025
     Contact: Press_Paul@paul.senate.gov, 202-224-4343
     
    WASHINGTON, D.C. – Last week, U.S. Senator Rand Paul (R-KY) reintroduced the Tan Tax Repeal Act, legislation to eliminate the burdensome 10 percent tax on indoor tanning services—a relic of the disastrous Affordable Care Act. The tax, imposed in 2010 as a last-minute addition to fund Obamacare, has disproportionately hurt small businesses and women entrepreneurs across the country. The bill is cosponsored by Senators Ted Budd (R-NC), Senator Kevin Cramer (R-ND) and Pete Ricketts (R-NE).
    “This tax was never about public health—it was about squeezing more money out of hardworking Americans to fund a broken government program,” said Dr. Paul. “The Tan Tax is a perfect example of the federal government picking winners and losers—and in this case, punishing women-owned businesses trying to stay afloat in a tough economy.”
    BACKGROUND:
    The so-called “Tan Tax” was slipped into the Affordable Care Act as a last-minute replacement for a proposed “Botox tax.” The result? Over 11,000 tanning salons—most of them women-owned—have closed their doors. 
    According to the American Suntanning Association, more than 110,000 jobs, mostly held by women, have been lost. The tax also decimated domestic tanning equipment manufacturers, shifting jobs and production to foreign countries.
    Dr. Paul has long opposed the Affordable Care Act and has consistently called for the repeal of harmful, overreaching policies like the Tan Tax. He previously included this repeal in his broader Obamacare replacement legislation.
    You can read the Tan Tax Repeal Act HERE.
     

    MIL OSI USA News

  • MIL-OSI Canada: Update on the Canadian Food Inspection Agency’s actions at an HPAI infected premise at a British Columbia ostrich farm

    Source: Government of Canada News

    The Canadian Food Inspection Agency (CFIA) and Canada’s national poultry sectors have been responding to detections of highly pathogenic avian influenza (HPAI) in Canada since December 2021. Industry has been highly supportive of the CFIA in its response to HPAI, working collaboratively to implement control measures and protect animal health.

    The CFIA has acted to minimize the risk of the virus spreading within Canadian flocks and to other animals. All avian influenza viruses, particularly H5 and H7 viruses, have the potential to infect mammals, including humans. Our disease response aims to protect public and animal health, minimize impacts on the domestic poultry industry, and the Canadian economy.

    The CFIA’s response to highly pathogenic avian influenza in domestic poultry is based on an approach known as “stamping-out”, as defined by the World Organisation for Animal Health (WOAH) Terrestrial Animal Health Code. Stamping-out is the internationally recognized standard and is a primary tool to manage the spread of HPAI and mitigate risks to animal and human health as well as enable international trade. It includes steps to eliminate the virus from an infected premises, including the humane depopulation and disposal of infected animals, and disinfection of premises. 

    There are ongoing risks to animal and human health and Canada’s export market access

    Allowing a domestic poultry flock known to be exposed to HPAI to remain alive means a potential source of the virus persists. It increases the risk of reassortment or mutation of the virus, particularly with birds raised in open pasture where there is ongoing exposure to wildlife.

    CFIA’s National Centre for Foreign Animal Disease (NCFAD) identified that the current HPAI infection in these ostriches is a novel reassortment not seen elsewhere in Canada. This assortment includes the D1.3 genotype, which has been associated with a human infection in a poultry worker in Ohio.

    A human case of H5N1 in BC earlier this year required critical care, and an extended hospital stay for the patient, and there have been a number of human cases in the United States, including a fatality.

    Stamping-out and primary control zones enable international trade as it allows Canada to contain outbreaks within a specific area, meet the requirements of zoning arrangements with trading partners, and permit Canada’s poultry industry to export from disease-free regions. Continued export market access supports Canadian families and poultry farmers whose livelihoods depend on maintaining international market access for $1.75 billion in exports.

    Current status of the infected premise at Universal Ostrich Farm

    Universal Ostrich Farm has not cooperated with the requirements set out under the Health of Animals Act including failure to report the initial cases of illness and deaths to the CFIA and failure to adhere to quarantine orders. Universal Ostrich Farm was issued two notices of violations with penalty, totaling $20,000.
     
    The farm also failed to undertake appropriate biosecurity risk mitigation measures such as limiting wild bird access to the ostriches, controlling water flow from the quarantine zone to other parts of the farm, or improving fencing. These actions significantly increase the risk of disease transmission and reflect a disregard for regulatory compliance and animal health standards.

    Universal Ostrich Farm has not substantiated their claims of scientific research. CFIA has not received any evidence of scientific research being done at the infected premises.

    Research documentation was not provided during the review of their request for exemption from the disposal order based on unique genetics or during the judicial review process. Further, the current physical facilities at their location are not suitable for controlled research activities or trials.

    On May 13, 2025, the Federal court dismissed both of Universal Ostrich Farm’s applications for judicial review. The interlocutory injunction pausing the implementation of the disposal order was also vacated.

    Following the May 13 court ruling, the farm owners and supporters have been at the farm in an apparent attempt to prevent the CFIA from carrying out its operations at the infected premises. This has delayed a timely and appropriate response to the HPAI infected premises, resulting in ongoing health risks to animals and humans.

    CFIA’s next steps at the infected premises 

    Given that the flock has had multiple laboratory-confirmed cases of H5N1 and the ongoing serious risks for animal and human health, and trade, the CFIA continues planning for humane depopulation with veterinary oversight at the infected premises.

    The CFIA takes the responsibility to protect the health of animals and Canadians extremely seriously as we conduct these necessary disease control measures to protect public health and minimize the economic impact on Canada’s poultry industry.

    For more detailed information on the CFIA’s continued response to HPAI at this infected premises, please visit our website

    MIL OSI Canada News

  • MIL-OSI USA: Secretary Wright Announces Termination of 24 Projects, Generating Over $3 Billion in Taxpayer Savings

    Source: US Department of Energy

    WASHINGTON— U.S. Secretary of Energy Chris Wright today announced the termination of 24 awards issued by the Office of Clean Energy Demonstrations (OCED) totaling over $3.7 billion in taxpayer-funded financial assistance. After a thorough and individualized financial review of each award, DOE found that these projects failed to advance the energy needs of the American people, were not economically viable and would not generate a positive return on investment of taxpayer dollars. 

    Of the 24 awards cancelled, nearly 70% (16 of the 24 projects) were signed between Election Day and January 20th. The projects primarily include funding for carbon capture and sequestration (CCS) and decarbonization initiatives. By terminating these awards, DOE is generating an immediate $3.6 billion in savings for the American people.

    “While the previous administration failed to conduct a thorough financial review before signing away billions of taxpayer dollars, the Trump administration is doing our due diligence to ensure we are utilizing taxpayer dollars to strengthen our national security, bolster affordable, reliable energy sources and advance projects that generate the highest possible return on investment,” said Secretary Wright. “Today, we are acting in the best interest of the American people by cancelling these 24 awards.”

    Earlier this month, DOE issued a Secretarial Memorandum entitled, “Ensuring Responsibility for Financial Assistance,” which outlined DOE’s policy for evaluating financial assistance on a case-by-case basis to identity waste of taxpayer dollars, protect America’s national security and advance President Trump’s commitment to unleash affordable, reliable and secure energy for the American people. DOE utilized this review process to evaluate each of these 24 awards and determined that they did not meet the economic, national security or energy security standards necessary to sustain DOE’s investment.

    DOE’s Secretarial Policy on Ensuring Responsibility for Financial Assistance is available here.

                                                                                          ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Polis Signs Bills In Grand Junction and Western Slope to Support Outdoor Recreation and Protect the Great Outdoors

    Source: US State of Colorado

    GRAND JUNCTION – Today, Governor Polis signed bills in Grand Junction to support outdoor recreation and protect the great outdoors that Colorado is known for. Governor Polis signed the bipartisan SB25-174 – Sunset Outfitters & Guides, sponsored by Senators Dylan Roberts and Cleave Simpson and Representatives Meghan Lukens and Matt Soper and the bipartisan HB25-1215 – Redistribution of Lottery Fund, sponsored by Representatives Rick Taggart and Junie Joseph and Senators Jeff Bridges and Barbara Kirkmeyer to support local outdoor recreation businesses and workers, and increase opportunities for every Coloradan to experience the outdoors. 

    “Protecting and enjoying Colorado’s great outdoors is an important part of who we are. These new laws will protect our outdoors, support our outdoor recreation businesses and economy, and expand opportunity to ensure all Coloradans for generations can enjoy our state’s world-class great outdoors,” said Governor Polis. 

    Governor Polis also signed the bipartisan HB25-1021 – Tax Incentives for Employee-Owned Businesses, sponsored by Reps William Lindstedt and Rick Taggart and Senators Jeff Bridges and Mark Baisley. 

    “Employee-owned businesses provide good-paying jobs and support our strong economy. Ownership opportunities for employees are good for businesses and employees, driving growth, creating opportunity, and strengthening recruitment and retention. I am proud of our work to help businesses embrace the benefits of employee ownership,” said Governor Polis. 

    At Grand Junction Community Hospital, Governor Polis signed the bipartisan SB25-071 – Prohibit Restrictions on 340B Drugs, sponsored by Senators Dafna Michaelson Jenet and Janice Rich and Reps Matthew Martinez and Rick Taggart. 

    “We are focused on saving people money on health care, and costly prescription drugs can force Coloradans to decide between paying for prescriptions over food, housing, and other necessities. I am proud to sign a major new law to expand drug discounts and enable hospital providers to expand access to affordable care, including by lowering prescription medication costs. I continue to call on the federal government to grant Colorado’s waiver to import lower-cost prescription drugs from Canada,” said Governor Polis. 

    This afternoon, Governor Polis visited Glenwood Springs to sign the bipartisan SB25-272 – Regional Transportation Authority Sales and Use Tax Exemption, sponsored by Senators Faith Winter and Marc Catlin and Representatives Elizabeth Velasco and Meg Froelich. 

    “Building more housing near transit and expanding transit options is important for our goals to reduce pollution and make our high quality of life more affordable and liveable. This bill will help local governments and regional and local transit agencies build more workforce housing and provide more transportation options that save Coloradans time and money in all four corners of the state,” said Governor Polis. 

    Governor Polis then traveled to Colorado Mountain College to sign the bipartisan HB25-1186 – Work-Based Learning Experiences in Higher Education, sponsored by Representatives Matthew Martinez and Meghan Lukens, and Senators Janice Rich and Dafna Michaelson Jenet. 

    “Expanding opportunities for work-based learning for all students, whether they’re in K-12 or higher education, is important for our workforce, economy, and each student’s future. This bill will expand access to work-based learning in the classroom and in the workforce, helping students gain the skills to get good-paying jobs,” said Governor Polis. 

    Governor Polis also signed the following bipartisan bills into law: 

    • HB25-1080 – Wireless Telephone Infrastructure Deployment Incentives, sponsored by Representatives Meghan Lukens and Matt Soper, and Senator Nick Hinrichsen
    • HB25-1006 – School District Solar Garden Lease Term, sponsored by Representatives Meghan Lukens and Anthony Hartsook and Senators Jeff Bridges and Chris Kolker
    • HB25-1153 – Statewide Government Language Access Assessment, sponsored by Representatives Elizabeth Velasco and Junie Joseph and Senator Iman Jodeh 

    The Governor signed the following bills administratively: 

    • SB25-144 – Change Paid Family Medical Leave Insurance Program, sponsored by Senators Winter and Bridges, and Representatives Willford and Zokaie.
      • “This new law will lower the payroll tax rate and provide a stable, workable pathway for setting premiums and safeguarding the solvency of this fund going forward. It will also provide support to families with children in the NICU, ensuring parents and loved ones can take the time away from work needed to be with their families,” said Governor Polis. Read the Governor’s signing statement.
    • HB25-1094 – Pharmacy Benefit Manager Practices, sponsored by Representatives Brown and Johnson, and Senators Pelton and Roberts. Read the Governor’s signing statement.
    • HB25-1259 – In Vitro Fertilization Protection & Gamete Donation Requirements, sponsored by Representatives Froelich and Brown, and Senators Cutter and Daugherty
    • HB25-1285 – Veterinary Workforce Requirements, sponsored by Representatives McCormick and Johnson, and Senators Kipp and Pelton
    • HB25-1301 – Authorizing Voice Court Reporter to Give Oath, sponsored by Representatives Carter and Espenoza, and Senators Roberts and Gonzales
    • HB25-1304 – Extension of Restitution Deadlines, sponsored by Representatives Froelich and Soper, and Senators Snyder and Bright
    • HB25-1318 – Species Conservation Trust Fund Projects, sponsored by Representatives McCormick and Soper, and Senators Roberts and Catlin
    • HB25-1326 – Updating Safety Net Provider Terminology, sponsored by Representatives Espenoza and Bradley, and Senator Ball
    • SB25-158 – State Agency Procurement & Disposal Certain Items, sponsored by Senators Sullivan and Gonzales, and Representatives Froelich and Brown
    • SB25-278 – Epinephrine Administration in Schools, sponsored by Senator Mullica, and Representatives Stewart and Bradley
    • SB25-285 – Updating Food Establishment Inspection Fees, sponsored by Senator Roberts, and Representatives Lukens and Soper
    • SB25-292 – Workforce Capacity Center, sponsored by Senators Amabile and Bridges, and Representatives Sirota and Taggart
    • SB25-308 – Medicaid Services Related to Federal Authorizations, sponsored by Senators Amabile and Kirkmeyer, and Representatives Taggart and Sirota
    • SB25-309 – Authorize Legislative Fellows, sponsored by Senator Simpson, and Representatives Brown and Bradfield
    • SB25-298 – Remove Term Homosexuality from Criminal Code, sponsored by Senators Daugherty and Lundeen, and Representatives Lindsay and Lukens
    • SB25-312 – American Rescue Plan Act Funds, sponsored by Senators Amabile and Kirkmeyer, and Representatives Bird and Sirota
    • SB25-313 – Proposition 123 Revenue Uses, sponsored by Senators Amabile and Bridges, and Representatives Bird and Sirota 

    ###

    MIL OSI USA News

  • MIL-OSI: EAT & BEYOND ANNOUNCES PROPOSED NAME CHANGE AND UPDATED INVESTMENT POLICY

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, BC, May 30, 2025 (GLOBE NEWSWIRE) — Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), is pleased to announce that it is proposing a name change and an expansion of its Investment Policy to reflect a change in strategic focus.

    Proposed Name Change

    Subject to shareholder approval, the Company intends to change its name from “Eat & Beyond Global Holdings Inc.” to “Digital Asset Technologies Inc.”. The proposed name change is intended to represent the Company’s forward-looking focus on emerging digital and blockchain technologies, while maintaining its core mission of investing in innovative and impactful businesses.

    Concurrently with the completion of the proposed name change, the Company’s trading symbol on the Canadian Securities Exchange is expected to change to “DATT”. Further details regarding the name change – including the effective date, new CUSIP and ISIN numbers for the Company’s common shares, and the date on which trading will begin under the new ticker symbol – will be provided in a subsequent news release.

    The proposed name change marks a meaningful step in the Company’s continued evolution,” said Young Bann, CEO of Eat & Beyond. “The proposed transition to Digital Asset Technologies Inc. reflects our expanded focus on digital innovation, including blockchain technologies and responsible AI solutions. We believe this new identity better represents the direction of the Company and our broader investment objectives.

    The Company believes that the new name aligns with its updated Investment Policy and long-term strategy to build a diversified portfolio of companies operating at the forefront of emerging technologies. While the Company will continue to support its legacy investments in the food tech and sustainability sectors, it is now placing increased emphasis on opportunities in blockchain infrastructure, asset tokenization, and ethically grounded AI applications.

    Updates to Investment Policy

    The Company has historically focused on investments in the food technology and sustainability sectors. These investments form a key part of the Company’s foundation and will remain in place going forward.

    To complement its existing portfolio, the Company pleased to announce that it has amended and updated its Investment Policy to include a focus on blockchain and related technologies. This includes investments in:

    • Real-World Asset Tokenization: Projects that use blockchain to digitally represent physical or traditional assets.
    • Decentralized Infrastructure: Technologies supporting open, distributed systems.
    • Advanced Trading Analytics: Tools and platforms that support improved data analysis and decision-making in financial markets.

    The Company’s updated investment strategy focuses on supporting ventures that advance innovation in AI, Blockchain, Web3, Fintech, and the broader Information and Communication Technology (ICT) sectors. It aims to invest in technologies that demonstrate solid technical foundations, adhere to ethical practices, incorporate user-focused design, and offer potential long-term societal benefits. The Company intends to support solutions that contribute to the development of digital infrastructure, financial systems, decentralized platforms, and intelligent technologies.

    The Company is committed to identifying ventures that combine technological advancement with practical, real-world impact. The Company targets both early-stage and growth-stage investments and seeks to provide the capital and strategic support needed for these companies to succeed in a rapidly changing technology landscape.

    To view the Company’s updated Investment Policy, please visit its website at www.eatandbeyond.com.

    The proposed name change and amended Investment Policy are subject to approval by the Canadian Securities Exchange and the Company’s shareholders.

    About Eat & Beyond

    Eat & Beyond (CSE: EATS) is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing innovative food tech, sustainability and technology. Led by a team of industry experts, Eat & Beyond provides retail investors with the unique opportunity to participate in the growth of a broad cross-section of opportunities in the alternative food, sustainability and technology sectors. Through its wholly owned subsidiary, Liquidlink AI Corp., the Company has entered the blockchain technology sector with a focus on real-world asset tokenization, decentralized infrastructure, and advanced trading analytics.

    Learn more: www.eatandbeyond.com

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.

    For further information: For further information, please contact Young Bann, CEO, young@purposeesg.com.

    Cautionary Note regarding Forward Looking Statements

    This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, “subject to”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company’s business strategy, current and future investments, the proposed name change, the updated Investment Policy, and the Company’s ability to obtain the necessary shareholder and regulatory approvals in connection with the proposed name change and updated Investment Policy. Forward-looking statements are based on assumptions, but the actual results may be materially different from any future expectations expressed or implied by the forward-looking statements. The forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including, but not limited to, the equity markets generally and a failure to obtain the necessary approvals from the Canadian Securities Exchange. Accordingly, readers should not place undue reliance on forward-looking statements.

    The MIL Network

  • MIL-OSI Security: Hammond Woman Sentenced to Two Years for Cares Act Fraud

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that TRACIE L. MIXON (“MIXON”), age 43, of Hammond, LA, was sentenced on May 27, 2025 to two (2) years in prison by U.S. District Judge Susie Morgan, after previously pleading guilty to making false statements related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). 

    On March 27, 2020, The CARES Act established several new temporary programs and provided for the expansion of others to address the COVID-19 pandemic.  Among these programs, the Paycheck Protection Program (PPP) authorized forgivable loans backed by the U.S. Small Business Administration (SBA) to small businesses to retain workers and maintain payroll, make mortgage interest payments, lease payments, and utility payments.  The PPP allows the interest and principal on the PPP loan to be forgiven if the business spends the loan proceeds on these expense items within a designated period of time after receiving the proceeds and uses at least a certain percentage of the PPP loan proceeds on payroll expenses.

    According to court documents, MIXON made false statements on an SBA form to an approved lender on or about February 23, 2021, to fraudulently obtain a PPP loan. MIXON affirmed that she had not been previously convicted of federal program financial assistance fraud when, in truth, she pled guilty, in the Eastern District of Virginia, to conspiracy to commit federal student loan fraud and mail fraud in a scheme that involved stolen identities.

    Additionally, MIXON was ordered to pay $31,000 in restitution to the lending institution and the SBA and faces three (3) years of supervised release and payment of a $100 mandatory special assessment fee.

    For more information on the Department of Justice’s response to the pandemic, please visit https://www.justice.gov/coronavirus.  Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    Acting U.S. Attorney Simpson praised the work of the United States Secret Service in investigating this matter.  Assistant U.S. Attorney Edward J. Rivera of the Financial Crimes Unit was in charge of the prosecution.

    MIL Security OSI

  • MIL-OSI USA: West Virginia among top states for FAFSA completion – West Virginia Higher Education Policy Commission

    Source: US State of West Virginia

    As the Class of 2025 prepares for graduation, West Virginia is earning national praise from the National College Attainment Network (NCAN) for its commitment to increasing college access and affordability through coordinated, cross-sector partnerships. The state now ranks 15th in the nation for FAFSA completion — up from 19th last year and reaching as high as 10th during the current cycle — thanks to innovative, student-focused efforts led by the West Virginia Higher Education Policy Commission in partnership with schools across the state.

    Unlike many top-performing states, West Virginia has achieved this success without a statewide FAFSA mandate. Instead, the state has built a culture of completion through strategic outreach, data-driven coordination, and intentional community engagement. The Commission’s model demonstrates that measurable gains are possible when higher education leaders, schools, and communities work together to meet students where they are.

    “This achievement reflects an unwavering commitment to students and an intentional culture shift toward making college more accessible,” said Brian Weingart, Senior Director of Financial Aid at the Commission. “Our team has worked side-by-side with schools, counselors, and communities to make sure every student — regardless of background — has a clear path to financial aid. Whether it’s through hands-on FAFSA events, real-time data tools, or text message nudges, we’re meeting students where they are and helping them take that critical next step toward college. Behind every completed FAFSA is a student who’s one step closer to their future.” 

    The Commission’s approach includes:

    • WV FAFSA Day, a statewide event in February that brought together more than 50 high schools and colleges to set FAFSA as a milestone and increase public visibility.
    • The CFWV Champions of College Access and Success Challenge, which rewards schools for reaching FAFSA completion benchmarks or improving year-over-year.
    • TXT 4 Success, a text message program that provides personalized guidance and nudges to help students stay on track with financial aid deadlines.
    • Special tools and resources for counselors, including a FAFSA completion portal and regular updates to help school staff support students more effectively.

    “West Virginia’s success is the result of a powerful, coordinated effort,” said Dr. Sarah Armstrong Tucker, West Virginia’s Chancellor of Higher Education. “We built momentum through strong partnerships with our schools and counselors, innovative tools, and a shared commitment to our students’ futures. I am deeply proud of our team and the many school counselors, educators, and families who have rallied around this cause. Together, we’re showing what’s possible when we put students first.”

    The impact is measurable. According to data tracked by NCAN, the state’s FAFSA completion rate stands at 49.8% for the Class of 2025, with significant improvement over last year and an upward national trajectory not seen since before the pandemic. And perhaps most significantly, these gains come from intentional coordination — making West Virginia’s model especially relevant to peer states looking for replicable solutions.

    “West Virginia’s success, and approach, offer a lot for other communities and states to learn from,” said Bill DeBaun, Senior Director at the National College Attainment Network in Washington. “Thoughtful, coordinated efforts like these that support practitioners in districts and schools make a big difference. West Virginia is expanding students’ opportunities to access the financial aid that makes education after high school a more affordable possibility.”

    As graduation approaches, the Commission remains focused on further strengthening its outreach, closing remaining gaps, and ensuring every West Virginia student has the support they need to access higher education.

    To learn more about FAFSA completion resources and West Virginia’s college access initiatives, visit CFWV.com.

    The full article What’s Behind West Virginia’s FAFSA Completion Surge is available at NCAN.org.

    MIL OSI USA News

  • MIL-OSI USA: After Leading Congressional Delegation to Canada, Shaheen Highlights Harms of Trump’s Tariffs on Local Businesses and Summer Tourism

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Moultonborough, NH) – After leading a bipartisan Congressional delegation (CODEL) to Canada last week, U.S. Senator Jeanne Shaheen (D-NH) highlighted the local impacts of President Trump’s sweeping tariffs on Granite State businesses at Colby Footwear in Rochester and discussed the negative effects on the summer tourism season with the Mount Washington Valley Chamber of Commerce in North Conway. Photos from today’s events can be found here. 
    “In New Hampshire, we should be preparing to welcome Canadian visitors for the summer tourism season – but instead, local businesses and retail sectors across the state are worrying about how travel cancellations and higher costs resulting from the President’s reckless tariffs on Canada will impact their bottom line and ability to operate,” said Senator Shaheen. “I’ll continue listening to the challenges that Granite Staters are facing so I can ensure their voices are heard in Washington.” 
    Last week, Shaheen led U.S. Senators Kevin Cramer (R-ND), Amy Klobuchar (D-MN), Tim Kaine (D-VA) and Peter Welch (D-VT) on a bipartisan delegation visit to Ottawa, Canada where they met with Prime Minister Mark Carney and members of his cabinet, the Business Council of Canada and other leading Canadian companies and business groups. The delegation reaffirmed the strong U.S.-Canada partnership and support for our bilateral relationship among Congress and the American people.   
    Senator Shaheen is helping lead efforts in Congress to mitigate the harmful impacts of President Trump’s tariffs. In January, Shaheen introduced the Protecting Americans from Tax Hikes on Imported Goods Act which would limit the president’s ability to leverage sweeping tariffs that increase costs for American consumers and families. Her effort to pass this bill by unanimous consent was blocked by Senate Republicans. In recent months, Shaheen has traveled across the Granite State to visit businesses including Chatila’s Bakery, C&J, DCI Furniture, Mount Cabot Maple, American Calan Inc. and NH Ball Bearings to hear directly from Granite Staters impacted by the administration’s tariffs.  
    Later in the day, Shaheen toured Castle in the Clouds in Moultonborough to discuss the upcoming summer tourism season and celebrate the site’s recent designation as a National Historic Landmark. In September of 2024, Shaheen sent a letter to National Park Service Director Charles Sams supporting the designation. 
    “Castle in the Clouds is a Granite State icon that does important work to help preserve New Hampshire’s stunning outdoor spaces and history,” said Shaheen. “I was glad to visit the beautiful landmark today to discuss the upcoming summer tourism season and the work we need to do to ensure Castle in the Clouds can thrive for future generations of Granite Staters to enjoy.” 
    Senator Shaheen has long drawn attention to the integral role Castle in the Clouds plays in fueling New Hampshire’s tourism economy. The 5,500-acre estate sees over 50,000 visitors annually. 

    MIL OSI USA News

  • MIL-OSI USA: Shaheen Discusses Local Effects of Proposed Medicaid and Affordable Care Act Cuts with Health Care Leaders, Marks Introduction of Legislation to Protect Connecticut River Watershed at Kilham Bear Center

    US Senate News:

    Source: United States Senator for New Hampshire Jeanne Shaheen
    (Lyme, NH) – Today, U.S. Senator Jeanne Shaheen (D-NH) hosted a roundtable in Lebanon to discuss the local impacts of Congressional Republicans’ bill to make unprecedented cuts to Medicaid and the Affordable Care Act (ACA). Shaheen also visited the Kilham Bear Center in Lyme to mark the recent introduction of her Connecticut River Watershed Partnership Act (CRWPA) to restore and protect the Watershed. Photos from both of today’s events can be found here.
    At West Central Behavioral Health in Lebanon, Shaheen hosted a roundtable with local health care leaders to highlight the impacts Congressional Republicans’ bill will have on patients and providers in the Upper Valley region. The bill adds unnecessary red tape and guts funding for Medicaid and the Affordable Care Act (ACA).
    “Republican-led cuts to Medicaid and the ACA will have real costs for Granite Staters, and that’s why I’m continuing to speak with health care leaders, caregivers and patients across New Hampshire,” said Senator Shaheen. “What I heard from folks at West Central Behavioral Health cements what we already know to be true: If the Republican tax bill is signed into law, the impact will be felt in every corner of our state through higher costs and less accessibility for the health care Granite Staters need.”
    The roundtable was the latest stop on Shaheen’s “Medicaid Impact Tour”—a series of discussions across the Granite State to underscore the harm cuts to Medicaid and the ACA would have on New Hampshire, including by raising the cost of health care and leaving tens of thousands uninsured. 
    Later in Lyme, Shaheen toured the Kilham Bear Center and hosted a roundtable discussion to highlight how her Connecticut River Watershed Partnership Act would promote conservation, restoration, education and recreation efforts along the Watershed by formalizing collaboration among the U.S. Fish and Wildlife Service, states, local communities and nonprofit partners.
    “It was great to visit the Kilham Bear Center in Lyme to see their work to rescue and rehabilitate orphaned and injured black bear cubs,” said Senator Shaheen. “New Hampshire’s wildlife and treasured outdoor spaces would benefit from the formal collaboration that my legislation would create to protect and restore the Connecticut River Watershed.”
    Shaheen has led efforts to safeguard our natural environment and invest in climate resiliency while boosting New Hampshire’s recreation economy, including by securing full funding and permanent authorization for the Land and Water Conservation Fund (LWCF), which has helped protect more than 2.5 million acres of land and supported tens of thousands of state and local outdoor recreation projects throughout the nation. In 2022, Shaheen helped to secure $3.7 million in Congressionally Directed Spending from the LWCF for a large conservation easement for Bear Hill. In 2020, Shaheen helped lead the Great American Outdoors Act into law to permanently fund the LWCF and provide mandatory funding for deferred maintenance on public lands. 

    MIL OSI USA News

  • MIL-OSI USA News: MADE IN THE USA: President Trump’s Vision is Revitalizing American Industry

    Source: US Whitehouse

    President Donald J. Trump heads to Pennsylvania today, where he’ll champion the partnership he brokered between U.S. Steel and Nippon Steel — a $14 billion investment that will create at least 70,000 jobs and ensure steel is made in America for decades to come.

    AMERICAN JOBS, AMERICAN STEEL.

    The landmark agreement comes alongside a host of companies from across industries that are onshoring their production and investing in American manufacturing as President Trump relentlessly pursues his America First trade policies.

    Look no further than the automotive industry:

    • Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, plant and a $388 “megahub” in Detroit, Michigan.
    • General Motors announced an $888 million investment at its propulsion plant in Tonawanda, New York.
    • Volkswagen is planning to make a “massive” investment in its U.S. production.
    • Toyota announced it will boost hybrid vehicle production at its West Virginia plant.
    • Mercedes-Benz announced it will add a new vehicle to its Tuscaloosa, Alabama, manufacturing plant.
    • Honda plans to shift production of the Civic from Japan to the U.S.
    • Hyundai announced a $20 billion investment to support its U.S. vehicle production.
    • Kia plans to produce hybrid vehicles at its affiliate Hyundai’s Georgia factory.

    It’s not just the auto industry; scores of others are lining up to invest in America:

    • Project Stargate, led by Japan-based Softbank and U.S.-based OpenAI and Oracle, announced a $500 billion private investment in U.S.-based artificial intelligence infrastructure.
    • Apple announced a $500 billion investment in U.S. manufacturing and training.
    • NVIDIA, a global chipmaking giant, announced it will invest $500 billion in U.S.-based AI infrastructure over the next four years amid its pledge to manufacture AI supercomputers entirely in the U.S. for the first time.
    • IBM announced a $150 billion investment over the next five years in its U.S.-based growth and manufacturing operations.
    • Taiwan Semiconductor Manufacturing Company (TSMC) announced a $100 billion investment in U.S.-based chips manufacturing.
    • Johnson & Johnson announced a $55 billion investment over the next four years in manufacturing, research and development, and technology.
    • Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 12,000 jobs.
    • Bristol Myers Squibb announced a $40 billion investment over the next five years in its research, development, technology, and U.S.-based manufacturing operations.
    • Eli Lilly and Company announced a $27 billion investment to more than double its domestic manufacturing capacity.
    • United Arab Emirates-based ADQ and U.S.-based Energy Capital Partners announced a $25 billion investment in U.S. data centers and energy infrastructure.
    • Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs.
    • John Deere announced plans to invest $20 billion over the next decade in American expansion, production, and manufacturing.
    • United Arab Emirates-based DAMAC Properties announced a $20 billion investment in new U.S.-based data centers.
    • France-based CMA CGM, a global shipping giant, announced a $20 billion investment in U.S. shipping and logistics, creating 10,000 new jobs.
    • Sanofi announced it will invest at least $20 billion over the next five years in manufacturing and research and development.
    • Venture Global LNG announced an $18 billion investment at its liquefied natural gas facility in Louisiana.
    • Gilead Sciences announced an $11 billion boost to its planned U.S.-based manufacturing investment.
    • AbbVie announced a $10 billion investment over the next ten years to support volume growth and add four new manufacturing plants to its network.
    • Pratt Industries announced a $5 billion investment to create 5,000 new manufacturing jobs in Ohio, Michigan, Pennsylvania, and Arizona.
    • GlobalWafers, a Taiwanese silicon wafer manufacturer, announced a $4 billion investment in its U.S.-based production.
    • Thermo Fisher Scientific announced it will invest an additional $2 billion over the next four years to enhance and expand its U.S. manufacturing operations and strengthen its innovation efforts.
    • Merck & Co. announced it will invest a total of $9 billion in the U.S. over the next several years after opening a new $1 billion North Carolina manufacturing facility — including in a new state-of-the-art biologics manufacturing plant in Delaware, which will create at least 500 new jobs.
    • Clarios announced a $6 billion plan to expand its domestic manufacturing operations.
    • In addition to its overall investments, Amazon announced it is investing $4 billion in small towns across America, creating more than 100,000 new jobs and driving opportunities across the country.
    • Regeneron Pharmaceuticals, a leader in biotechnology, announced a $3 billion agreement with Fujifilm Diosynth Biotechnologies to produce drugs at its North Carolina manufacturing facility.
    • Kraft Heinz announced a $3 billion investment to upgrade its U.S. factories — its largest investment in its plants in decades.
    • NorthMark Strategies, a multi-strategy investment firm, announced a $2.8 billion investment to build a supercomputing facility in South Carolina.
    • Kimberly-Clark announced a $2 billion investment to expand its U.S. manufacturing operations, including a new advanced manufacturing facility in Warren, Ohio, an expansion of its Beech Island, South Carolina, facility, and other upgrades to its supply chain network.
    • Chobani, a Greek yogurt giant, announced $1.7 billion to expand its U.S. operations.
      • $1.2 billion to build its third U.S. dairy processing plant in New York, which is expected to create more than 1,000 new full-time jobs.
    • Corning announced it is expanding its Michigan manufacturing facility investment to $1.5 billion, adding 400 new high-paying advanced manufacturing jobs for a total of 1,500 new jobs.
    • Carrier announced an additional $1 billion investment in its U.S. manufacturing, innovation, and workforce expansion, which is expected to create 4,000 new jobs.
    • GE Aerospace announced a $1 billion investment in manufacturing across 16 states — creating 5,000 new jobs.
    • Anduril Industries announced a $1 billion investment for a new autonomous weapon system facility in Ohio.
    • Williams International announced a $1 billion investment for a new high-volume aviation gas turbine engine manufacturing facility in Okaloosa County, Florida.
    • Amgen announced a $900 million investment in its Ohio-based manufacturing operation.
    • Merck Animal Health announced an $895 million investment to expand their manufacturing operations in Kansas.
    • Schneider Electric announced it will invest $700 million over the next four years in U.S. energy infrastructure.
    • GE Vernova announced it will invest nearly $600 million in U.S. manufacturing over the next two years, which will create more than 1,500 new jobs.
    • Abbott Laboratories announced a $500 million investment in its Illinois and Texas facilities.
    • AIP Management, a European infrastructure investor, announced a $500 million investment to solar developer Silicon Ranch.
    • London-based Diageo announced a $415 million investment in a new Alabama manufacturing facility.
    • Lego announced a $366 million investment to build a new distribution center in Prince George County, Virginia.
    • The Bel Group announced a $350 million investment to expand its U.S.-based production, including at its South Dakota, Idaho and Wisconsin facilities — which will create 250 new jobs.
    • Dublin-based Eaton Corporation announced a $340 million investment in a new South Carolina-based manufacturing facility for its three-phase transformers.
    • Anheuser-Busch announced a $300 million investment in its manufacturing facilities across the country.
    • Germany-based Siemens announced a $285 million investment in U.S. manufacturing and AI data centers, which will create more than 900 new skilled manufacturing jobs.
    • Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs.
    • Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs.
    • Paris Baguette announced a $160 million investment to construct a manufacturing plant in Texas.
    • Siemens Healthineers announced a $150 million investment to expand production, including relocating manufacturing operations for its Varian company from Mexico to California. 
    • JBS USA announced a $135 million investment for a new sausage production facility in Perry, Iowa.
    • TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs.
    • Switzerland-based ABB announced a $120 million investment to expand production of its low-voltage electrification products in Tennessee and Mississippi.
    • Saica Group, a Spain-based corrugated packaging maker, announced plans to build a $110 million new manufacturing facility in Anderson, Indiana.
    • Hotpack, a Dubai-based maker of food packaging materials and related products, announced a $100 million investment to establish its first U.S. manufacturing facility in Edison, New Jersey.
    • Charms, LLC, a subsidiary of candymaker Tootsie Roll Industries, announced a $97.7 million investment to expand its production plant and distribution center in Tennessee.
    • Toyota Motor Corporation announced an $88 million investment to boost hybrid vehicle production at its West Virginia factory, securing employment for the 2,000 workers at the factory.
    • AeroVironment, a defense contractor, announced a $42.3 million investment to build a new manufacturing facility in Utah.
    • Paris-based Saint-Gobain announced a new $40 million NorPro manufacturing facility in Wheatfield, New York.
    • India-based Sygene International announced a $36.5 million acquisition of a Baltimore biologics manufacturing facility.
    • Asahi Group Holdings, one of the largest Japanese beverage makers, announced a $35 million investment to boost production at its Wisconsin plant.
    • Valbruna Slater Stainless announced a $28 million investment in its stainless steel and nickel alloys bars manufacturing plant in Fort Wayne, Indiana.
    • Cyclic Materials, a Canadian advanced recycling company for rare earth elements, announced a $20 million investment in its first U.S.-based commercial facility, located in Mesa, Arizona.
    • Guardian Bikes announced a $19 million investment to build the first U.S.-based large-scale bicycle frame manufacturing operation in Indiana.
    • Amsterdam-based AMG Critical Minerals announced a $15 million investment to build a chrome manufacturing facility in Pennsylvania.
    • NOVONIX Limited, an Australia-based battery technology company, announced a $4.6 million investment to build a synthetic graphite manufacturing facility in Tennessee.
    • LGM Pharma announced a $6 million investment to expand its manufacturing facility in Rosenberg, Texas.
    • ViDARR, a defense optical equipment manufacturer, announced a $2.69 million investment to open a new facility in Virginia.

    That doesn’t even include the U.S. investments planned by foreign countries:

    • United Arab Emirates committed to investing $1.4 trillion in the U.S. over the next decade.
    • Qatar committed to generating $1.2 trillion in an economic exchange between the two countries.
    • Japan announced a $1 trillion investment in the U.S.
    • Saudi Arabia committed investing $600 billion in the U.S. over the next four years.

    MIL OSI USA News

  • MIL-OSI Africa: Secretary-General’s remarks to the Africa Dialogue Series High-Level Policy Dialogue [bilingual as delivered; scroll down for all-English and all-French]

    Source: United Nations – English

    his year’s dialogue focuses on “Justice for Africans and People of African Descent Through Reparations”.

    This is also the African Union’s theme for 2025, as it was already said.

    And it is a call gathering momentum around the world – from Freetown to Bridgetown. 

    Understandably so.

    Africa is a continent of boundless energy and possibility.

    But for too long, the colossal injustices inflicted by enslavement, the transatlantic slave trade, and colonialism have been left unacknowledged and unaddressed.

    I deeply regret that these wrongs were perpetrated by many countries, including my own.

    And they continue to distort our world today.

    Decolonization did not free African countries, or people of African Descent, from the structures and prejudices that made those projects possible.

    When African countries gained their independence, they inherited a system built to serve others — not them. 

    The inherited economic model and years of neglect in social and institutional investments during the colonial era created lasting challenges, shaping post-independence reality.

    Structures based on exploitation persisted.

    So did racism. 

    And the long shadow of colonialism can be felt in many of the continent’s current conflicts and governance challenges.

    Many African countries were under colonial domination when today’s multilateral institutions were created.

    And that injustice is reflected to this day.

    Excellencies,

    We point to the poisoned legacies of enslavement and colonialism, not to sow divisions but to heal them.

    Reparatory justice frameworks are critical – to redress historic wrongs, address today’s challenges, and ensure the rights and dignity of all.

    Such frameworks encompass a broad range of measures.

    We need a comprehensive approach, developed with the participation of affected communities, to achieve accountability and redress.

    And we must be clear-eyed about the fact that attempts to repair the past ring hollow unless they also seek to dismantle its manifestations in the present:

    From racism, to extraction of African resources, to the injustices embedded in structures, institutions, and global governance.

    Animated by honesty and justice, we can transform the legacies of slavery and colonialism into equal and respectful partnerships:

    Partnerships that ensure African countries take their rightful place in shaping global decision-making…

    That help to deliver on the priorities of African and Caribbean countries, and people of African descent…

    And that help to ensure that all Africans – and the African diaspora – have the opportunity to thrive.

    We must push for the Second International Decade for People of African Descent to deliver on reparatory justice, equal rights, and the Durban Declaration – the world’s blueprint to tackle racism and racial discrimination.

    Yes, these are turbulent times:

    Times of trade barriers…

    Deep cuts to lifesaving assistance…

    And international cooperation itself called into question.

    But that does not alter the truth that justice for Africa, for the Caribbean, and for all people of African descent requires global action and global partnerships.

    We need partnerships to reform global governance.

    The Pact for the Future agreed last year drove progress. I thank African countries sincerely for their support in getting an ambitious text over the line.

    And we must keep pushing for fair representation within international institutions – including permanent African representation on the United Nations Security Council.

    We need partnerships for peace founded on the principles of justice and international law, as set out in the United Nations Charter.

    The international community must play its part – in preventing and ending conflicts, relieving their appalling effects, and ensuring justice for victims.

    And the United Nations will never relent in pursuing peace for the great continent of Africa.

    We need partnerships to advance sustainable development. 

    The Pact for the Future includes important commitments: 

    To advance an SDG stimulus…

    To reform the international financial architecture…

    And to take action on debt – which is suffocating economies and sapping investment in many countries in Africa and the Caribbean.

    The upcoming Financing for Development Conference in Sevilla is an important opportunity to push this agenda forward.  

    We need concrete commitments on debt: to lower the cost of borrowing, improve debt restructuring, and prevent crises from taking hold.
                       
    We will keep pushing to boost the lending capacity of Multilateral Development Banks, making them bigger and bolder, able to mobilise far more private finance at reasonable cost to the African continent and the Caribbean. 

    And we need action to unleash a surge in finance across the board.  

    Developed countries must keep their promises on development spending…

    Governments must strengthen domestic resource mobilization…

    And we must keep working towards an inclusive, effective global tax regime able to meaningfully reduce tax evasion and to fight elicit financial flows and money laundering that is so dramatically impacting the African continent. 

    Enfin, nous avons besoin de partenariats pour la justice climatique.

    Les pays africains ne sont pas à l’origine de la crise climatique.

    Pourtant, les effets du réchauffement planétaire font des ravages sur tout le continent :

    Ils aggravent la faim, poussent les populations à l’exil, fragilisent les économies, détruisent les moyens de subsistance et fauchent des vies.

    Les Caraïbes sont elles aussi touchées de manière disproportionnée.

    Il est grand temps de mettre fin à cette injustice :

    Il faut que, parallèlement à des sources de financement innovantes, des contributions conséquentes soient versées au nouveau Fonds visant à faire face aux pertes et dommages.

    Il faut que le financement de l’adaptation connaisse un véritable bond et, notamment, que les pays développés honorent l’engagement qu’ils ont pris de verser au moins 40 milliards de dollars par an – dès cette année.

    Il faut également des investissements massifs dans les énergies propres.

    L’Afrique concentre 60 % des meilleures ressources solaires du monde et près d’un tiers des minéraux essentiels à la révolution des énergies renouvelables.

    Pourtant, les installations présentes sur le continent ne représentent que 1,5 % des capacités solaires mondiales.

    Près de 600 millions de personnes sont toujours privées d’électricité.

    Et les pays et les populations d’Afrique sont relégués au bas de la chaîne de valeur des minéraux critiques, tandis que d’autres tirent largement profit de ces ressources.

    L’exploitation séculaire des ressources naturelles du continent, source de conflits et de misère, doit cesser.

    Nous devons agir pour permettre à l’Afrique d’occuper la place qui lui revient, celle d’un leader mondial des énergies propres…

    Pour stimuler les investissements et réduire les risques pour les investisseurs…

    Et pour que les pays et les populations d’Afrique tirent le meilleur parti de leurs minéraux critiques.

    Les nouveaux plans nationaux d’action pour le climat, ou contributions déterminées au niveau national, qui seront présentés cette année, doivent être conformes à l’objectif de limiter le réchauffement planétaire à 1,5 degré Celsius, surtout dans les pays qui sont les grand pollueurs.

    Ces plans représentent une formidable occasion d’agir.

    J’exhorte les dirigeants africains à ne pas la laisser passer. Et à intégrer dans ces nouveaux plans des objectifs en matière de climat, d’énergie et de développement durable afin d’attirer les investissements.

    Et j’exhorte les pays, les entreprises et toutes les parties intéressées à collaborer avec nous pour appliquer les recommandations formulées par le Groupe chargé de la question des minéraux critiques pour la transition énergétique – et ainsi faire en sorte que les droits humains, la justice et l’équité soient garantis tout au long de la chaîne de valeur, et que les pays d’Afrique soient les premiers à tirer parti de ces ressources.

    Excellences,

    Dans tous ces grands domaines, mobilisons-nous pour qu’aucune personne, aucun pays et aucun continent ne soit laissé de côté.

    Et ensemble, faisons en sorte que justice soit rendue à l’Afrique et aux personnes d’ascendance africaine.

    Je vous remercie.

    *****
    [all-English]

    This year’s dialogue focuses on “Justice for Africans and People of African Descent Through Reparations”.

    This is also the African Union’s theme for 2025, as it was already said.

    And it is a call gathering momentum around the world – from Freetown to Bridgetown. 

    Understandably so.

    Africa is a continent of boundless energy and possibility.

    But for too long, the colossal injustices inflicted by enslavement, the transatlantic slave trade, and colonialism have been left unacknowledged and unaddressed.

    I deeply regret that these wrongs were perpetrated by many countries, including my own.

    And they continue to distort our world today.

    Decolonization did not free African countries, or people of African Descent, from the structures and prejudices that made those projects possible.

    When African countries gained their independence, they inherited a system built to serve others — not them. 

    The inherited economic model and years of neglect in social and institutional investments during the colonial era created lasting challenges, shaping post-independence reality.

    Structures based on exploitation persisted.

    So did racism. 

    And the long shadow of colonialism can be felt in many of the continent’s current conflicts and governance challenges.

    Many African countries were under colonial domination when today’s multilateral institutions were created.

    And that injustice is reflected to this day.

    Excellencies,

    We point to the poisoned legacies of enslavement and colonialism, not to sow divisions but to heal them.

    Reparatory justice frameworks are critical – to redress historic wrongs, address today’s challenges, and ensure the rights and dignity of all.

    Such frameworks encompass a broad range of measures.

    We need a comprehensive approach, developed with the participation of affected communities, to achieve accountability and redress.

    And we must be clear-eyed about the fact that attempts to repair the past ring hollow unless they also seek to dismantle its manifestations in the present:

    From racism, to extraction of African resources, to the injustices embedded in structures, institutions, and global governance.

    Animated by honesty and justice, we can transform the legacies of slavery and colonialism into equal and respectful partnerships:

    Partnerships that ensure African countries take their rightful place in shaping global decision-making…

    That help to deliver on the priorities of African and Caribbean countries, and people of African descent…

    And that help to ensure that all Africans – and the African diaspora – have the opportunity to thrive.

    We must push for the Second International Decade for People of African Descent to deliver on reparatory justice, equal rights, and the Durban Declaration – the world’s blueprint to tackle racism and racial discrimination.

    Yes, these are turbulent times:

    Times of trade barriers…

    Deep cuts to lifesaving assistance…

    And international cooperation itself called into question.

    But that does not alter the truth that justice for Africa, for the Caribbean, and for all people of African descent requires global action and global partnerships.

    We need partnerships to reform global governance.

    The Pact for the Future agreed last year drove progress. I thank African countries sincerely for their support in getting an ambitious text over the line.

    And we must keep pushing for fair representation within international institutions – including permanent African representation on the United Nations Security Council.

    We need partnerships for peace founded on the principles of justice and international law, as set out in the United Nations Charter.

    The international community must play its part – in preventing and ending conflicts, relieving their appalling effects, and ensuring justice for victims.

    And the United Nations will never relent in pursuing peace for the great continent of Africa.

    We need partnerships to advance sustainable development. 

    The Pact for the Future includes important commitments: 

    To advance an SDG stimulus…

    To reform the international financial architecture…

    And to take action on debt – which is suffocating economies and sapping investment in many countries in Africa and the Caribbean.

    The upcoming Financing for Development Conference in Sevilla is an important opportunity to push this agenda forward.  

    We need concrete commitments on debt: to lower the cost of borrowing, improve
    debt restructuring, and prevent crises from taking hold.

    We will keep pushing to boost the lending capacity of Multilateral Development Banks, making them bigger and bolder, able to mobilise far more private finance at reasonable cost to the African continent and the Caribbean. 

    And we need action to unleash a surge in finance across the board.  

    Developed countries must keep their promises on development spending…

    Governments must strengthen domestic resource mobilization…

    And we must keep working towards an inclusive, effective global tax regime able to meaningfully reduce tax evasion and to fight elicit financial flows and money laundering that is so dramatically impacting the African continent. 

    Finally, we need partnerships for climate justice.

    African countries did not cause the climate crisis. 

    Yet the effects of our heating planet are wreaking havoc across the continent:

    Fuelling hunger and displacement, hobbling economies, destroying livelihoods, and taking lives.

    The Caribbean is also suffering disproportionately.

    Justice is long overdue:

    We need significant contributions – together with innovative sources of financing – to the new fund for responding to loss and damage.

    We need a boom in adaptation finance – starting with developed countries honouring their commitment to at least $40 billion a year by this year.

    And we need massive investments in clean energy.

    Africa is home to 60 percent of the world’s best solar resources and around a third of the minerals critical to the renewable energy revolution.

    Yet the continent has just 1.5 percent of global installed solar capacity.

    Around 600 million people remain without power.

    And African countries and communities are pushed to the bottom of the critical minerals value chain, while others feast on their resources.

    The centuries-old exploitation of the continent’s natural resources – which fuels conflict and misery – must end.

    We need action for Africa to take its rightful place as the clean powerhouse of the world…

    To derisk and boost investment…

    And to ensure African countries and communities receive maximum benefit from their critical minerals. 

    New national climate action plans, or NDCs – must be submitted this year and align with limiting global temperature rise to 1.5 degrees Celsius, especially in countries that are the major polluters.

    These represent an immense opportunity.

    I urge African leaders to take it. And to use these new plans to bring together climate, energy, and sustainable development goals to attract investment.

    And I urge countries, companies and more, to work with us to deliver on the recommendations of our Panel on Critical Energy Transition Minerals – to ensure human rights, justice and equity through the value chain, and to retain maximum benefit in African countries.

    Excellencies,

    Across all these critical fronts, let’s work to leave no person, no country and no continent behind. 

    And together, let’s deliver justice for Africa and people of African Descent.

    Thank you.

    ******
    [all-French]

    Le dialogue de cette année a pour thème « Justice pour les Africains et les personnes d’ascendance africaine grâce aux réparations ».

    C’est également le thème retenu par l’Union africaine pour 2025, comme il a déjà été dit.

    Cet appel prend de l’ampleur dans le monde entier, de Freetown à Bridgetown.

    Cela n’a rien d’étonnant.

    L’énergie et le potentiel du continent africain sont sans limites.

    Mais pendant trop longtemps, les immenses injustices engendrées par l’esclavage, la traite transatlantique des esclaves et le colonialisme n’ont pas été reconnues ni prises en compte.

    Je regrette profondément que ces injustices aient été commises par de nombreux pays, dont le mien.

    Elles continuent de nos jours à peser sur le monde.

    La décolonisation n’a pas libéré les pays africains, ni les personnes d’ascendance africaine, des structures et des préjugés qui ont rendu ces projets possibles.

    Lorsque les pays africains ont accédé à l’indépendance, ils ont hérité d’un système conçu pour servir d’autres qu’eux.

    Le modèle économique hérité et des années de négligence en matière d’investissements sociaux et institutionnels pendant l’ère coloniale ont créé des problèmes durables qui ont façonné la réalité de l’après-indépendance.

    Les structures fondées sur l’exploitation ont persisté.

    Le racisme aussi.

    L’ombre du colonialisme plane sur nombre des conflits et difficultés de gouvernance que connaît le continent de nos jours.

    De nombreux pays d’Afrique étaient sous domination coloniale lorsque les institutions multilatérales actuelles ont été créées.

    Cette injustice est toujours visible aujourd’hui.

    Excellences,

    Si nous pointons du doigt l’héritage empoisonné de l’esclavage et du colonialisme, ce n’est pas pour semer la division, mais pour soigner les blessures du passé.

    Les cadres de justice réparatrice sont essentiels – pour réparer les torts historiques, relever les défis d’aujourd’hui et garantir les droits et la dignité de toutes et tous.

    Ces cadres englobent un large éventail de mesures.

    Nous avons besoin d’une stratégie globale, développée avec la pleine participation des populations affectées, pour faire appliquer le principe de responsabilité et assurer l’octroi de réparations.

    Nous devons nous montrer lucides : il est vain de vouloir réparer les erreurs du passé sans s’attaquer aussi à leurs répercussions actuelles :

    Du racisme à l’extraction des ressources africaines, en passant par les injustices ancrées dans les structures, les institutions et la gouvernance mondiale.

    C’est dans un esprit d’honnêteté et de justice que nous pourrons transformer les séquelles de l’esclavage et du colonialisme en partenariats fondés sur l’égalité et le respect.

    Des partenariats qui garantissent que les pays africains occupent la place qui leur revient dans le processus décisionnel mondial…

    Qui permettent de répondre aux priorités des pays d’Afrique et des Caraïbes, et des personnes d’ascendance africaine…

    Et qui contribuent à faire en sorte que tous les Africains – et la diaspora africaine – aient la possibilité de prospérer.

    Nous devons tout faire pour que la deuxième Décennie internationale des personnes d’ascendance africaine aboutisse à une justice réparatrice, à l’égalité des droits et à la réalisation de la Déclaration de Durban – le plan mondial de lutte contre le racisme et la discrimination raciale.

    Nous vivons, certes, des temps agités :

    Des temps où se dressent des barrières commerciales…

    Où l’aide vitale fait l’objet de coupes sombres…

    Et où la coopération internationale elle-même est remise en question.

    Il n’en demeure pas moins que la justice pour l’Afrique, pour les Caraïbes et pour toutes les personnes d’ascendance africaine nécessite une action et des partenariats mondiaux.

    Nous avons besoin de partenariats pour réformer la gouvernance mondiale.

    Le Pacte pour l’avenir, adopté l’année dernière, a permis certaines avancées. Je remercie sincèrement les pays africains du soutien qu’ils ont apporté à l’adoption de ce texte ambitieux.

    Nous devons continuer d’œuvrer en faveur d’une représentation équitable au sein des institutions internationales, et notamment d’une représentation permanente de l’Afrique au Conseil de sécurité de l’ONU.

    Nous avons besoin de partenariats pour la paix fondés sur les principes de la justice et du droit international, tels qu’ils sont énoncés dans la Charte des Nations Unies.

    La communauté internationale doit jouer son rôle – en prévenant les conflits et en y mettant fin, en atténuant leurs effets épouvantables et en garantissant la justice pour les victimes.

    Les Nations Unies ne relâcheront jamais leurs efforts en faveur de la paix sur le grand continent africain.

    Nous avons besoin de partenariats pour faire progresser le développement durable.

    Le Pacte pour l’avenir comprend des engagements importants :

    Promouvoir un plan de relance des objectifs de développement durable…

    Repenser l’architecture financière internationale…

    Et prendre des mesures concernant la dette, qui étouffe les économies et sape l’investissement dans de nombreux pays d’Afrique et des Caraïbes.

    La prochaine Conférence sur le financement du développement, qui se tiendra à Séville, est une occasion importante de faire avancer ce dossier.

    Nous avons besoin d’engagements concrets à cet égard, en vue d’abaisser le coût de l’emprunt, de faciliter la restructuration de la dette et d’empêcher les crises de s’installer.

    Nous poursuivrons l’action menée pour renforcer la capacité de prêt des banques multilatérales de développement, les rendre plus imposantes et plus audacieuses et leur donner les moyens de mobiliser bien plus de financements privés à un coût raisonnable au continent africain et aux Caraïbes.

    Nous devons prendre des mesures pour stimuler le financement dans tous les domaines.

    Les pays développés doivent tenir leurs promesses en matière de dépenses de développement…

    Les Gouvernements doivent accroître la mobilisation de ressources nationales…

    Et nous devons continuer d’œuvrer en faveur d’un régime fiscal mondial inclusif et efficace, qui permette de réduire l’évasion fiscale de manière significative et de lutter contre les flux financiers illicites et le blanchiment d’argent cela a un impact si dramatique sur le continent africain.

    Enfin, nous avons besoin de partenariats pour la justice climatique.

    Les pays africains ne sont pas à l’origine de la crise climatique.

    Pourtant, les effets du réchauffement planétaire font des ravages sur tout le continent :

    Ils aggravent la faim, poussent les populations à l’exil, fragilisent les économies, détruisent les moyens de subsistance et fauchent des vies.

    Les Caraïbes sont elles aussi touchées de manière disproportionnée.

    Il est grand temps de mettre fin à cette injustice :

    Il faut que, parallèlement à des sources de financement innovantes, des contributions conséquentes soient versées au nouveau Fonds visant à faire face aux pertes et dommages.

    Il faut que le financement de l’adaptation connaisse un véritable bond et, notamment, que les pays développés honorent l’engagement qu’ils ont pris de verser au moins 40 milliards de dollars par an – dès cette année.

    Il faut également des investissements massifs dans les énergies propres.

    L’Afrique concentre 60 % des meilleures ressources solaires du monde et près d’un tiers des minéraux essentiels à la révolution des énergies renouvelables.

    Pourtant, les installations présentes sur le continent ne représentent que 1,5 % des capacités solaires mondiales.

    Près de 600 millions de personnes sont toujours privées d’électricité.

    Et les pays et les populations d’Afrique sont relégués au bas de la chaîne de valeur des minéraux critiques, tandis que d’autres tirent largement profit de ces ressources.

    L’exploitation séculaire des ressources naturelles du continent, source de conflits et de misère, doit cesser.

    Nous devons agir pour permettre à l’Afrique d’occuper la place qui lui revient, celle d’un leader mondial des énergies propres…

    Pour stimuler les investissements et réduire les risques pour les investisseurs…

    Et pour que les pays et les populations d’Afrique tirent le meilleur parti de leurs minéraux critiques.

    Les nouveaux plans nationaux d’action pour le climat, ou contributions déterminées au niveau national, qui seront présentés cette année, doivent être conformes à l’objectif de limiter le réchauffement planétaire à 1,5 degré Celsius, surtout dans les pays qui sont les grand pollueurs.

    Ces plans représentent une formidable occasion d’agir.

    J’exhorte les dirigeants africains à ne pas la laisser passer. Et à intégrer dans ces nouveaux plans des objectifs en matière de climat, d’énergie et de développement durable afin d’attirer les investissements.

    Et j’exhorte les pays, les entreprises et toutes les parties intéressées à collaborer avec nous pour appliquer les recommandations formulées par le Groupe chargé de la question des minéraux critiques pour la transition énergétique – et ainsi faire en sorte que les droits humains, la justice et l’équité soient garantis tout au long de la chaîne de valeur, et que les pays d’Afrique soient les premiers à tirer parti de ces ressources.

    Excellences,

    Dans tous ces grands domaines, mobilisons-nous pour qu’aucune personne, aucun pays et aucun continent ne soit laissé de côté.

    Et ensemble, faisons en sorte que justice soit rendue à l’Afrique et aux personnes d’ascendance africaine.

    Je vous remercie.

    MIL OSI Africa

  • MIL-OSI Russia: Dmitry Chernyshenko: The results of the final of the Professionals championship in creative industries and IT were summed up in Nizhny Novgorod

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Dmitry Chernyshenko and Minister of Education Sergey Kravtsov took part in the award ceremony for the finalists of the Professionals championship in Nizhny Novgorod

    The final of the All-Russian Championship of Professional Skills “Professionals” in creative industries and information technology competencies has ended in Nizhny Novgorod. Deputy Prime Minister Dmitry Chernyshenko, Minister of Education Sergey Kravtsov, and Governor of the Nizhny Novgorod Region Gleb Nikitin took part in the award ceremony.

    Dmitry Chernyshenko read out a greeting from Prime Minister Mikhail Mishustin.

    “Today, Nizhny Novgorod has become a center of attraction for talented young men and women from different Russian regions and foreign countries. At the unique site of the federal technology park, college, technical school and school students were able to demonstrate their skills and ability to solve problems of any complexity. Excellent preparation and strong character allowed you to get ahead of your rivals and prove that you are the best in your field. The all-Russian championship movement is growing in our country from year to year. Competitions give participants an impetus for personal and professional growth, help to reveal their abilities, implement bold plans and projects, and the performances are an example for many young people who want to work in the creative industries and information technology,” Mikhail Mishustin noted in his welcoming speech.

    Dmitry Chernyshenko also congratulated the participants and wished them success in their endeavors and professional growth.

    “Dear friends, I would like to send my personal wishes of happiness, goodness and gratitude to all participants. We had the opportunity to communicate with some of you in the wonderful space of the technology park, to see cool specialists, wonderful mentors, interested employers. Search, try, you will succeed, you are all definitely winners. The country is proud of you, you are the best, everyone will look up to you. Good luck!” – said the Deputy Prime Minister.

    24 participants became winners in the main and junior standings, 48 participants became prize winners. In addition, winners and prize winners were announced in the international, industrial and team standings.

    “Dear children, I would like to congratulate all the finalists and especially thank your parents, teachers and mentors. Today, thanks to them, you are in this room. Representatives of your future employers – large enterprises – are also present here. They watch and choose the best of the best. Today, secondary vocational education is developing, and it is in great demand. The President of Russia pays great attention to the training of workers. The “Professionality” project, organized on his instructions, has become a real driver of the development of our country’s economy,” said Sergey Kravtsov.

    The head of the Ministry of Education emphasized that for the first time in Nizhny Novgorod the final of the Professionals championship is being held, he addressed words of gratitude to the team of the Nizhny Novgorod region for the brilliant organization of the event.

    The final of the professional skills championship “Professionals” was held for a week in the Federal Technopark of Professional Education, created on the basis of the property complex “Nizhpoligraf” within the framework of the federal project “Professionalism” of the national project “Youth and Children”.

    “I would like to express my admiration for the young people who have gathered in Nizhny Novgorod these days from all over the country. It is breathtaking what you can do in your fields at the age of fourteen, fifteen, sixteen. I wish you to dare, to conquer the whole world, to climb Everest with the flag of our state in your hands, to remain true Russians who love their country in any situation. Great achievements to you, interesting ideas, business startups! We will be rooting for you. A special source of pride for me is that Nizhny Novgorod is hosting the Professionals championship. This became possible thanks to the faith in our region on the part of the Ministry of Education of the Russian Federation and Sergei Sergeevich Kravtsov. Many thanks to Deputy Prime Minister of Russia Dmitry Nikolaevich Chernyshenko, whom I can rightfully call a friend of the Nizhny Novgorod Region. He oversees the Volga Federal District and actively promotes the development of our region,” said Gleb Nikitin.

    In 2025, competitions were held in Nizhny Novgorod in 15 competencies, 10 of which were new for the final. The organizer of the championship is the Ministry of Education of Russia with the support of the Government of the Russian Federation.

    In the main classification, college and technical school students (category “Main”), schoolchildren aged 14 and over (category “Juniors”) competed. Young specialists from specialized industries competed in the industrial classification, and representatives of foreign countries – in the international classification.

    Among the 195 contestants are representatives of 46 regions of Russia and 6 friendly countries.

    Over the course of three days, the competition was held in an individual format, and on the last day – for the first time in the history of the championship – in a team format.

    More than 50 enterprises representing specialized industries became partners of the final.

    The Professionals Championship is the largest event in the system of secondary vocational education, the list of competencies is formed in accordance with the demands of the real sector of the economy. In 2025, the championship final will be held in three cities. In Nizhny Novgorod – in creative industries and IT, in Kaluga – in industrial technology competencies, in St. Petersburg – in education and service competencies. Winners and prize-winners get the opportunity to undergo an internship with major employers in the industry with subsequent employment.

    The championship final is held within the framework of the All-Russian championship movement in professional skills “Professionals”.

    The events of the All-Russian Championship Movement for Professional Skills “Professionals” unite over 1 million people in all regions of the country. This is more than 300 thousand contestants, as well as expert mentors, chief experts, competency managers, industry representatives, participants in business and career guidance programs, volunteers. The championships serve as a platform for exchanging experience, broadcasting industry requests to the education system, and also a place for employers and young specialists to meet.

    Dmitry Chernyshenko, Sergey Kravtsov and Gleb Nikitin also visited the Federal Technopark of Professional Education in Nizhny Novgorod, where the final of the All-Russian Championship in Professional Skills was held. The Technopark was created within the framework of the federal project “Professionalism” in accordance with the instructions of President Vladimir Putin. This is a joint project of the Ministry of Education and the Government of the Nizhny Novgorod Region.

    The Deputy Prime Minister, the Minister and the Governor assessed the venues where the competitions are taking place, and they also talked to the finalists and experts of the championship. The guys shared their impressions of participating in the competitions, talked about their competencies and preparation for the finals.

    It is planned that the Federal Technopark of Professional Education will become a center for advanced training of secondary vocational education teachers. As part of the creation of the technopark, premises for 21 laboratories have been prepared in three buildings (B1, B2 and D). In total, 43 equipped laboratories and workshops in more than 50 competencies in 9 priority industries are planned to be created on the territory of the Nizhpoligraf property complex.

    In addition to the buildings of the Federal Technopark of Professional Education, the guests were presented with the general project of the Park of Masters “Nizhpoligraf”. In 2023, the property complex was transferred to regional ownership and gained a new life. The facades of the buildings, utilities and internal structures were updated, the territory was landscaped.

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

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  • MIL-OSI Russia: Dmitry Chernyshenko assessed the work of educational and scientific institutions in Nizhny Novgorod

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Previous news Next news

    Dmitry Chernyshenko’s working visit to Nizhny Novgorod. The Deputy Prime Minister spoke with students and teachers at the Nizhny Novgorod Automotive Technical School

    During his working visit to the Nizhny Novgorod Region, Deputy Prime Minister Dmitry Chernyshenko visited a number of educational and scientific institutions.

    In particular, Deputy Prime Minister, Minister of Education of Russia Sergey Kravtsov and Governor of Nizhny Novgorod Region Gleb Nikitin assessed the organization of the process of conducting the state final certification of schoolchildren. They visited one of the points where the Unified State Exam is held – at School No. 111 in Nizhny Novgorod, where the Russian language exam is being held for more than 200 children.

    Dmitry Chernyshenko noted that the main stage of the Unified State Exam began on May 23 in all 89 regions of Russia and 55 foreign countries. Today, the Unified State Exam in Russian is taking place – this is the most massive exam, with more than 640 thousand people registered to take it on the main day.

    During the trip, Dmitry Chernyshenko, Sergey Kravtsov and Gleb Nikitin assessed how the security point works and how security measures are organized at the exam point, and also watched the broadcast from other exam points in different regions. The school also demonstrated how work is organized at the headquarters of the exam point.

    “The procedure for the Unified State Exam has been streamlined in our country over the years and is conducted at the highest level. All assignments are printed directly in the classroom and transmitted in encrypted form, which completely eliminates the possibility of leaks. This is a unique technology that has no analogues in any country in the world. It guarantees absolute transparency and objectivity of the exam, providing equal conditions for all graduates. This year, more than 700 thousand are taking the Unified State Exam. In general, the exam is held in the normal mode, we will do everything possible to ensure that schoolchildren receive their results as soon as possible,” said Sergey Kravtsov.

    According to Gleb Nikitin, this year the region has organized 91 exam centers, which operate on the basis of educational organizations. The exam centers are equipped with video surveillance, metal detectors and mobile phone jammers. This is the most important condition for organizing high-quality and objective state final certification of school graduates.

    In addition, Dmitry Chernyshenko, together with Governor Gleb Nikitin, visited the world-class IT campus “Neimark”, the Nizhny Novgorod State University named after N.I. Lobachevsky (NNSU) and the Nizhny Novgorod Automotive Technical School.

    “A world-class inter-university campus is being created in Nizhny Novgorod, thanks to which new technologies will be developed. They will be aimed at achieving the national goal set by President Vladimir Putin – technological leadership, and will also be useful for the colleges of the federal project “Professionality”, – said Dmitry Chernyshenko.

    The Deputy Prime Minister assessed the site where the first stage of the IT campus is currently being completed – 18 student hostels. The work is being carried out under the federal project “Creating a Network of Modern Campuses” of the national project “Youth and Children”. It is planned that the first guests of the new complex will be participants of the World Youth Festival, which will be held in Nizhny Novgorod from September 17 to 21, 2025 and will bring together young people from Russia and foreign countries. Students of the Neimark University will move into the buildings from October.

    Dmitry Chernyshenko and Gleb Nikitin sealed time capsules with messages to future generations from the governments of the country and the region. In particular, they emphasized that the IT campus in Nizhny Novgorod is not just a complex of buildings or a university, but a growth point for new meanings and technologies. These capsules will be given to the builders, they will be laid in the foundation of one of the IT campus facilities under construction.

    According to Gleb Nikitin, the Nizhny Novgorod Region is one of Russia’s IT centers. The region is home to offices of about 2,000 companies working in the field of information and information and communication technologies.

    “The industry currently employs about 38 thousand people, and even taking into account such an impressive figure, there is a shortage of personnel. In this situation, the implementation of the Neimark IT campus project is of strategic importance to us. It is important that the Neimark University began its educational activities in advance, last year, under two programs. Starting this year, training will be conducted under five programs, which were developed jointly with leading universities of the Nizhny Novgorod Region,” said Gleb Nikitin.

    At UNN, Dmitry Chernyshenko assessed the pilot production of ultra-pure materials for microelectronics. At Lobachevsky University in Nizhny Novgorod, they plan to implement a full production cycle for high-purity substances. The project “Development of technologies for obtaining ultra-pure substances for the needs of the microelectronic industry and low-tonnage chemistry” is being implemented within the framework of the Priority-2030 program. The university also continues to conduct developments within the framework of advanced engineering schools aimed at creating space communications systems, radar, as well as developing a new component base and materials for microelectronics.

    The Deputy Prime Minister was told about the university’s advanced developments in the field of artificial intelligence, aimed at developing health-saving technologies, increasing life expectancy, improving cognitive health and active longevity, as well as about developments in the field of neuromorphic and quantum technologies of artificial and hybrid intelligence and their implementation in the real sector of the economy.

    At the Nizhny Novgorod Automotive Technical School (NAMT), Dmitry Chernyshenko talked to students and teachers. In particular, the ambassadors of “Professionalitet” answered the questions of the Deputy Prime Minister and described how they help schoolchildren with career guidance. And student Violetta Chernutskaya spoke about her career choice and explained why girls should learn to work on a lathe.

    Since 2022, NAMT has been the center of the educational and production cluster “Mechanical Engineering” within the framework of the federal project “Professionality” of the national project “Youth and Children”. Within the framework of the project, new educational laboratories in mechatronics and robotics, industrial automation, automated design of technological processes were created. In total, the cluster “Mechanical Engineering” covers over 1.3 thousand students of six educational institutions of the Nizhny Novgorod region. Students consolidate the knowledge gained in the workshops of “Professionality” at the production sites of the Gorky Automobile Plant under the guidance of experienced mentors during practice, master classes, and the preparation of real projects.

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

    MIL OSI Russia News

  • MIL-OSI Russia: Mikhail Mishustin approved decisions on measures to support the coal industry

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Coal enterprises will receive additional support, which should ensure their further stable development in the current unfavorable economic situation. This decision was maderesults of the meeting on the situation in the coal industry, which was held by Prime Minister Mikhail Mishustin. The necessary instructions for the implementation of additional measures were given to the Ministry of Finance and the Ministry of Energy.

    A targeted approach will be used in providing assistance measures to coal industry organizations, developed by the Government on the instructions of the President.

    For this purpose, a decision was made to create a subcommittee to provide financial measures of state support to individual organizations in economic sectors. It will operate within the framework of the Government Commission on Increasing the Stability of the Russian Economy in the Context of Sanctions at the Ministry of Finance. The subcommittee will be headed by Finance Minister Anton Siluanov. It will include representatives of the Ministry of Economic Development, the Central Bank, the Federal Tax Service, the Federal Financial Monitoring Service and other structures.

    Together with the Ministry of Energy, the Ministry of Finance will have until June 5 to develop and approve the criteria on the basis of which decisions will be made on the consideration of applications for state support for industry companies.

    A number of proposals were made at the meeting, which it was decided to support.

    Thus, until December 1, a deferment of the mineral extraction tax and insurance contributions will be granted to all enterprises in the coal industry. If necessary, it can be extended for a longer period by a separate decision of the subcommittee.

    Coal industry organizations will be provided with targeted subsidies to compensate for part of the cost of logistics expenses when exporting coal products over long distances.

    Another decision concerns the provision of compensation in the amount of 12.8% of the tariff for export transportation of coal in the north-west and south directions to Siberian coal companies. Their list will be formed by the Ministry of Energy and approved by the subcommittee.

    On the instructions of Mikhail Mishustin, plans for the financial recovery of enterprises in the industry will be approved, including those providing for assistance from direct beneficiaries (shareholders), as well as restrictions on the payment of dividends, an increase in the salaries of senior management, and cost optimization.

    In addition, it has been deemed appropriate to give coal industry enterprises that are experiencing a serious debt burden the opportunity to restructure their credit debt. When working on this measure, the position of the financial regulator, the Bank of Russia, will be taken into account.

    Mikhail Mishustin instructed Sergei Tsivilev and Anton Siluanov to take personal control of the implementation of the decisions taken.

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

    MIL OSI Russia News

  • MIL-OSI Russia: IMF Executive Board Concludes 2025 Article IV Consultation with Bolivia

    Source: IMF – News in Russian

    May 30, 2025

    Washington, DC: The Executive Board of the International Monetary Fund (IMF) completed the Article IV consultation[1] for Bolivia on May 2. The authorities have consented to the publication of the Staff Report prepared for this consultation.[2]

    Bolivia’s real GDP growth has moderated to 2.1 percent in the first three quarters of 2024, driven by a decline in hydrocarbons production, a slowdown in services activity, and a drop in soy crops and related manufacturing due to ‘El Niño’ effects. The economy has also faced disruptions from road blockages and scarcity of foreign exchange (FX)―given critically low international reserves―fuels and other critical inputs. High import costs, weak agricultural production, and road blockages pushed inflation to 10 percent at end-2024, the highest level in over a decade. Unemployment has fallen, but underemployment is rising, and real incomes retrenched on average. The combination of FX shortages, slowing activity, and depreciation of the parallel exchange rate resulted in a compression of the current account deficit to 2.7 percent for 2024. The fiscal deficit surpassed 10 percent of GDP in 2023-24 with declining hydrocarbon revenues, tax exemptions, increased social spending, and higher interest payments. The deficit has been mostly financed by the central bank amid tight external financing constraints. Public debt has increased to 95 percent of GDP.

    The financial sector remains well buffered. However, deposits declined in real terms and net interest margins are pressured by interest rate controls, limiting banks’ ability to raise loan rates amid rising inflation and slowing credit growth. Banks have experienced improved profitability from FX trading gains, resulting in a strengthened capital adequacy ratio of 13.5 percent in 2024, while non-performing loans have remained low at 3.2 percent of total loans.

     

    Executive Board Assessment[3]

    Executive Directors agreed with the thrust of the staff appraisal. They expressed concern over Bolivia’s acute fiscal and external imbalances and unsustainable policy mix and called for urgent actions to address the overvalued exchange rate, bolster foreign reserves, and implement sustained fiscal consolidation. Directors cautioned that inaction could lead to a painful disorderly adjustment and underscored the Fund’s readiness to support the authorities through its various activities. They encouraged the staff to continue to closely engage the authorities on the needed adjustments. Careful communication of the policy reforms to stakeholders would be pivotal to enhance their acceptability.

    Directors stressed that the untenable peg to the U.S. dollar and depleted international reserves call for a decisive shift in the monetary policy framework. They called for a realignment of the exchange rate with market fundamentals, moving toward greater exchange rate flexibility, and for front loaded fiscal consolidation and restrictive monetary policy settings, which would address inflationary pressures, alleviate FX shortages, and allow elimination of FX restrictions. Increasing interest rate flexibility will facilitate effective monetary policy transmission.

    Directors recommended a credible and sustained fiscal consolidation by rationalizing the public wage bill, phasing out fuel subsidies, enhancing public investment management and spending efficiency, and mobilizing tax revenue. Eliminating monetary financing of fiscal deficits is also important. Directors also emphasized the need to mitigate the effects of the policy adjustments on vulnerable populations, including through improved targeting of the social safety net. A coherent fiscal framework can help underpin the consolidation plan.

    Directors emphasized the need to strengthen financial sector supervision amid growing economic vulnerabilities. They called for close monitoring and contingency planning and encouraged the implementation of the remaining 2024 FSAP recommendations and strengthening the AML/CFT framework. Enhancing Bolivia’s public pension fund operations by diversifying investments and strengthening the pension supervisor’s independence is also important.

    Directors called for comprehensive supply side reforms to enhance productivity and growth potential and facilitate external rebalancing by phasing out export ceilings, price controls, and credit quotas. They emphasized the need for a clear regulatory framework to attract private investment and to focus public investment on socially beneficial infrastructure projects. Further efforts to enhance transparency and the governance and anticorruption frameworks will also be important. Improving data adequacy also remains a priority.

    It is expected that the next Article IV consultation with Bolivia will be held on the standard 12 month cycle.

    Table 1. Bolivia: Selected Economic Indicators, 2023-30

    Population (millions, 2024)

    11.3

    Poverty rate (percent, 2023)

    36.5

    Population growth rate (percent, 2024)

    1.4

    Adult literacy rate (percent, 2023)

    95.2

    Life expectancy at birth (years, 2024)

    68.7

    GDP per capita (US$, 2023)

    3,736

    Total unemployment rate (2024Q3)

    3.6

     

    IMF Quota (SDR, millions)

    240.1

     

     

    Est.

    Proj.

     

     

    2023

    2024

    2025

    2026

    Income and prices

    Real GDP

    3.1

    1.3

    1.1

    0.9

    Nominal GDP

    2.6

    6.5

    16.4

    16.9

    CPI inflation (period average)

    2.6

    5.1

    15.1

    15.8

    CPI inflation (end of period)

    2.1

    10.0

    15.6

    16.8

    Combined public sector

    Revenues and grants

    27.8

    28.4

    24.8

    24.2

       Of which: Hydrocarbon related revenue 1/

    2.8

    2.2

    1.9

    1.6

    Expenditure

    38.7

    38.7

    37.5

    37.4

       Current

    32.3

    33.2

    32.5

    32.6

       Capital 2/

    6.4

    5.4

    5.0

    4.8

    Net lending/borrowing (overall balance)

    -10.9

    -10.3

    -12.7

    -13.2

       Of which: Non-hydrocarbon balance

    -15.4

    -16.4

    -16.3

    -16.0

    Total gross NFPS debt 3/

    90.8

    95.0

    90.4

    91.4

    External sector

    Current account

    -2.5

    -2.7

    -2.6

    -3.2

    Exports of goods and services

    26.2

    20.7

    18.0

    16.0

       Of which: Natural gas

    4.5

    3.3

    2.3

    1.8

    Imports of goods and services

    28.6

    23.4

    20.4

    18.9

    Capital account

    0.0

    0.0

    0.0

    0.0

    Financial account (-= net inflow)

    -2.0

    -3.5

    -2.8

    -3.3

       Of which: Direct investment net

    0.0

    -0.2

    -0.2

    -0.1

       Of which: Other investment, net

    -1.5

    -2.1

    -2.3

    -3.4

       Of which: Unidentified financing inflows

    0.0

    0.0

    -1.4

    -3.2

       Of which: Unidentified financing inflows

    0.0

    0.0

    1.9

    2.8

    Net errors and omissions

    -4.8

    -2.6

    0.0

    0.0

    Terms of trade index (percent change)

    1.2

    -2.3

    -1.6

    -0.2

    Central Bank gross foreign reserves 4/ 5/ 6/

    In millions of U.S. dollars

    1,808

    2,009

    2,118

    2,199

    In months of imports of goods and services

    1.9

    2.1

    2.0

    2.0

    In percent of GDP

    4.0

    4.1

    3.8

    3.3

    In percent of ARA

    20.6

    23.0

    22.3

    20.5

    Money and credit

    Credit to the private sector (percent change)

    -2.1

    4.0

    7.5

    7.2

    Credit to the private sector (percent of GDP)

    70.8

    69.2

    63.9

    58.6

    Broad money (percent of GDP)

    90.2

    87.5

    85.7

    86.9

    Memorandum items:

    Nominal GDP (in billions of U.S. dollars)

    45.5

    48.4

    56.3

    65.9

    Bolivianos/U.S. dollar (end-of-period)  7/

    6.9

    REER, period average (percent change) 8/

    -1.5

      Oil prices (in U.S. dollars per barrel)

    80.6

    79.2

    72.0

    68.2

      Energy-related subsidies to SOEs (percent of GDP) 9/

    3.9

    4.0

    3.4

    2.9

    Sources: Bolivian authorities (MEFP, Ministry of Planning, BCB, INE, UDAPE); IMF; Fund staff calculations.
    1/ Excludes YPFB profits/losses.
    2/ Includes net lending.
    3/ Public debt includes SOE’s borrowing from the BCB (but not from other domestic institutions) and BCB loans to FINPRO and FNDR.
    4/ Excludes reserves from the Latin American Reserve Fund (FLAR) and Offshore Liquidity Requirements (RAL).
    5/ All foreign assets valued at market prices.
    6/ Includes a repurchase line of US$99.2 million maturing in 2025.
    7/ Official (buy) exchange rate.
    8/ The REER based on authorities’ methodology is different from that of the IMF (see 2017 and 2018 Staff Reports).
    9/ Includes the cost of subsidy borne by public enterprises and incentives for hydrocarbon exploration investments in the projection period.

    [1] Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country’s economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board.

    [2] Under the IMF’s Articles of Agreement, publication of documents that pertain to member countries is voluntary and requires the member consent. The staff report will be shortly published on the www.imf.org/Bolivia page.

    [3] At the conclusion of the discussion, the Managing Director, as Chair of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country’s authorities. An explanation of any qualifiers used in summings up can be found here: http://www.IMF.org/external/np/sec/misc/qualifiers.htm.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Meera Louis

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

    https://www.imf.org/en/News/Articles/2025/05/30/pr-25168-bolivia-imf-concludes-2025-art-iv-consult

    MIL OSI

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  • MIL-OSI USA: Baldwin Slams Trump Administrations’ Cuts to Vital Job Training Program for Wisconsin Workers, Businesses

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin
    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI), Ranking Member of the Senate Appropriations Subcommittee on Labor, Health, and Human Services, released the following statement after the Trump Administration announced it is cutting funding for Job Corps and closing centers nationwide, including in Milwaukee.
    “Wisconsin is a state that makes things, but without a skilled workforce, our state risks losing that vital part of our identity and economy. Job training programs like Job Corps are a proven way to connect more Wisconsinites with careers that in turn fuel our economy,” said Senator Baldwin. “Congress appropriated funding for Job Corps, and the Trump Administration can’t just decide to not spend it because they want to make room for tax cuts for billionaires. At a time when Wisconsin businesses are demanding more skilled workers, the Trump Administration is cutting vital resources that put Wisconsinites on a fast-track to good-paying jobs in nursing, manufacturing, and the trades. Gutting Job Corps is a step in the wrong direction, exacerbating our state’s workforce shortage, locking students out of good-paying jobs, and hurting our Made in Wisconsin economy and businesses who rely on skilled workers to compete and grow.”
    Job Corps is the nation’s largest free, residential career training and education program for low-income young adults ages 16 through 24. Since 1964, three million students graduated from Job Corps. However, Thursday the U.S. Department of Labor (DOL) announced it will begin shutting down contractor operated Job Corp centers nationwide, including in Milwaukee, jeopardizing job training for Wisconsin students and local communities.
    Senator Baldwin has been a champion for workforce training and apprenticeship programs, including Job Corps. During President Trump’s first term, Senator Baldwin blocked the administration from trying to close a Job Corps center near Laona that provides economic opportunities in rural Wisconsin. At a hearing for President Trump’s Fiscal Year 2026 budget proposal last week, Senator Baldwin pressed DOL Secretary Lori Chavez-Deremer on proposed cuts to workforce training programs, including the Job Corps program.

    MIL OSI USA News

  • MIL-OSI USA: Padilla, Marshall Introduce Bipartisan, Bicameral Legislation to Spur Plant Biostimulant Research and Development

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Marshall Introduce Bipartisan, Bicameral Legislation to Spur Plant Biostimulant Research and Development

    LOS ANGELES, CA — U.S. Senators Alex Padilla (D-Calif.) and Roger Marshall (R-Kan.) introduced the Plant Biostimulant Act to create a uniform federal definition for plant biostimulants, establish a consistent regulatory pathway to market, and promote additional research into the benefits of biostimulant products on soil health and crop production. Plant biostimulants are substances or microorganisms applied to plants or soils to enhance natural processes, improve nutrient uptake, increase tolerance to environmental stress, and boost overall plant health and crop yield. These products also show promise for improving sustainability through practices like carbon sequestration and water quality improvement.
    Currently, there is no clear or consistent federal framework to govern the use and approval of plant biostimulants, which creates uncertainty for producers and limits the adoption of these innovative tools. The Plant Biostimulant Act would address this gap through federal guidance from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Agriculture (USDA). U.S. Representatives Jimmy Panetta (D-Calif.-19) and Jim Baird (R-Ind.-04) introduced companion legislation in the House of Representatives.
    “California’s agriculture industry is essential to our national economy and puts food on the table for families across the country,” said Senator Padilla. “As we leverage innovation to make our agriculture sector more sustainable, our evolving practices must be properly implemented to ensure their efficacy and safety. Oversight and regulatory standards for plant biostimulants, which could replace or reduce the use of synthetic pesticides and fertilizers, are critical to maintain California’s leadership at the forefront of this bio-based agricultural technology.”
    “Innovation is the cornerstone of American agriculture. By creating pathways to approve new agronomic tools like plant biostimulants, our nation’s farmers are able to produce more food with less crop protection tools and fertilizers,” said Senator Marshall. “I am proud to lead this bipartisan effort with Senator Padilla and Representatives Baird and Panetta to help make the world cleaner, safer, and healthier than we found it.” 
    “The lack of a standard regulatory definition or pathway to market for plant biostimulants makes it harder for producers to access this sustainable and effective technology,” said Representative Panetta. “By reintroducing this bipartisan bill, we’re pushing for the clarity and federal coordination needed to encourage the adoption of biostimulants. Increasing access to these products helps our farmers improve crop yields, protect our environment, and maintain U.S. leadership in sustainable agriculture.”
    “Our farmers and ranchers deserve a regulatory process that provides a clear path for their products to go to market, especially as new technologies become available for famers and producers to improve the efficiency, productivity, and sustainability of our agriculture industry,” said Representative Baird. “Biostimulants have the significant potential benefits for producers and their sustainability footprint. Defining these products and creating a consistent process is an important step in giving farmers better access to plant biostimulants and other new technologies to ensure our agriculture sector can thrive.”
    “The reintroduction of the Plant Biostimulant Act in the Senate is a pivotal step forward, and we commend Senators Roger Marshall and Alex Padilla for their leadership,” said Keith Jones, Executive Director of the Biological Products Industry Alliance (BPIA). “This bipartisan legislation provides much-needed regulatory clarity for plant biostimulants—ensuring a consistent federal definition and a predictable path to market for these innovative tools. By enabling greater investment in U.S. agricultural innovation, it strengthens our global competitiveness and supports long-term sustainability. BPIA stands ready to work with Congress, growers, and partners across the agricultural community to get this bill passed and deliver the solutions our farmers deserve.”
    Specifically, the Plant Biostimulant Act would:
    Amend the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA) to define plant biostimulants;
    Direct EPA to revise the Code of Federal Regulations to reflect the new definition;
    Require USDA to study the contributions of plant biostimulants to soil health and sustainability.
    Plant biostimulants are similar to probiotics or vitamins for plants which stimulate a plant’s natural processes to increase growth and optimize plant health, thereby reducing abiotic stress such as heat, salinity, floods, and drought. Plant biostimulants can provide environmental benefits by improving soil health, enhancing fertilizer efficiency, and reducing greenhouse gas emissions. The California Department of Food and Agriculture is a leader in the development of guidelines used to register plant biostimulant products, and the University of California, Davis has pioneered research on the efficacy of plant biostimulants for increasing drought resiliency in tomatoes, among other areas.
    The Plant Biostimulant Act is endorsed by the following groups: Agriculture Retailers Association (ARA), American Seed Trade Association (ASTA), Biological Products Industry Alliance (BPIA), Biotechnology Innovation Organization (BIO), Council of Producers and Distributors of Agrotechnology (CPDA), CropLife America (CLA), The Fertilizer Institute Biostimulant Council, Golf Course Superintendents Association of America (GCSAA), Humic Products Trade Association (HPTA), International Fresh Produce Association (IFPA), National Association of Landscape Professionals (NALP), RISE (Responsible Industry for a Sound Environment), Southern Crop Production Association (SCPA), and Western Growers.
    Full text of the bill is available here.

    MIL OSI USA News

  • MIL-OSI USA: Father and son indicted for providing material support to Mexican cartel engaged in terrorism following ICE Rio Grande Valley, federal partner investigation

    Source: US Immigration and Customs Enforcement

    BROWNSVILLE, Texas – Two family members with ties to South Texas have been charged with allegedly conspiring to materially support a Mexican cartel previously designated as a foreign terrorist organization, conspiracy to commit money laundering and related smuggling charges, following an investigation conducted by U.S. Immigration and Customs Enforcement, the DEA and the FBI with substantial assistance of IRS CI along with Customs and Border Protection, U.S. Marshals Service and Texas Department of Public Safety.

    The superseding indictment, returned May 22, alleges Maxwell Sterling Jensen, 25, Draper, Utah, and James Lael Jensen, 68, Sandy, Utah, conspired to provide material support to the Cartel de Jalisco Nueva Generación in the form of U.S. currency. The Secretary of State designated CJNG as a foreign terrorist organization Feb. 20.

    “This case underscores the more aggressive and innovative approach we are taking towards combatting the scourge of drug cartels,” said U.S. Attorney Nicholas Ganjei from the Southern District of Texas. “This strategy focuses not just on the traffickers and trigger-pullers directly employed by the cartels but also targeting their confederates and enablers. Whether you are handing the cartel a gun, providing a car or safehouse for smugglers, or putting money in the cartel’s pocket, you will be held to account.”

    The Jensen’s allegedly operated Arroyo Terminals, an enterprise based in Rio Hondo, Texas.

    Both are also charged with allegedly conspiring to conduct financial transactions to conceal and disguise the nature and source of the proceeds of illegally smuggled goods, crude oil. They also aided and abetted the fraudulent entry of approximately 2,881 shipments of the oil in violation of the Tariff Act, according to the charges.

    “Cases like this highlight the often-dangerous relationships between alleged unscrupulous U.S. businesses and terrorist organizations,” said ICE Homeland Security Investigations San Antonio Special Agent in Charge Craig Larrabee. “Through strong collaborations and relentless investigative work, we and our partners exposed a possible large-scale operation that allegedly attempted to move millions in illicit crude oil and launder the proceeds. HSI remains committed to protecting our economy and holding offenders accountable.”

    “What began as a Drug Enforcement Administration drug trafficking investigation evolved into a multifaceted case involving an alleged complex criminal operation generating millions of dollars from crude oil – the largest funding source for Mexican drug cartels,” said acting Special Agent in Charge William Kimbell of DEA – Houston. “Given the charges have profound implications for both the United States and Mexico, we will continue to explore all leads and identify any believed to be involved. The collaboration with federal law enforcement, prosecutors, and state agencies proved critical to unraveling these alleged crimes and will continue until such operations are destroyed.”

    “It is a top priority of the FBI to eliminate foreign terrorist organizations by depriving them of the funding they need to operate and by seizing their most valued assets,” said FBI Special Agent in Charge Aaron Tapp of the San Antonio Field Office. “Together with our law enforcement partners, we will use every resource and capability at our disposal to ensure violent cartels and anyone who corruptly facilitates their operations are held accountable to the American people and unable to establish a foothold in our communities.”

    “Our commitment to taking down drug cartels and organized crime leverages IRS Criminal Investigation’s specialty in forensic accounting that identifies the alleged money trail and shuts down the flow of cash, just like we did in this case,” said acting Special Agent in Charge Lucy Tan, of IRS Criminal Investigation’s Houston Field Office. “Some of our best special agents are using their law enforcement expertise to build unshakeable cases to ensure criminals are taken off the streets and their ill-gotten gains are returned to the American people.”

    At the time of the initial arrests, authorities seized four tank barges containing crude oil, three commercial tanker trucks, an Arroyo Terminal pickup truck and one personal vehicle. The Arroyo Terminal property in Rio Hondo, crude oil contained Arroyo Terminal storage tanks and additional real properties are also sought for forfeiture. The superseding indictment also contains notice that the United States will seek a $300 million money judgment upon conviction.

    The conspiracies to provide material support and to commit money laundering both carry a possible prison term of up to 20 years. If convicted of aiding and abetting the smuggling of goods into the United States and doing so by means of false statements, both men could also face up to 10 and five years, respectively. James Jensen also faces one count of money laundering spending which carries an additional 10 years in prison, upon conviction.

    With the exception of the money laundering charge which has the possibility of up to a $500,000 fine or twice the value of the property involved, the remaining counts carry a maximum $250,000 potential fine.

    Operation Liquid Death involved the combined efforts of ICE HSI, DEA, FBI, and IRS CI and others and is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces and Project Safe Neighborhood.

    Assistant U.S. Attorneys James Sturgis and Laura Garcia from the Southern District of Texas are prosecuting the case. AUSAs Mary Ellen Smyth and Tyler Foster are handling seizure and forfeiture matters.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL OSI USA News

  • MIL-OSI New Zealand: Local News – Porirua City Council to launch pilot Waste Minimisation Grant scheme

    Source: Porirua City Council

    A pilot scheme offering grants to Porirua projects that enable waste minimisation in the city was approved at a full Porirua City Council meeting this morning.
    Starting in the 2025/26 financial year, part of the funds received by Porirua City Council from the Waste Levy Subsidy will be used to provide community grants to groups with projects that will encourage reuse, repurposing and recycling capacity in the city.
    The scheme will initially run as a 12-month pilot to gauge the level of demand and the types of projects sought.
    There will be two levels of funding available for projects. The first will be grants of up to $30,000 that will become available in a single application round.
    The second will be grants of up to $2000 which can be applied for year round.
    Establishing this grant is part of the enacting Porirua City’s 2023-29 Waste Management and Minimisation Plan.
    Porirua City Councillor Geoff Hayward, who represents Porirua City on the Wellington Region Waste Management and Minimisation Joint Committee, says this scheme will empower communities in the city.
    “It’s the kind of initiative that reflects the best of what local government can do. It’s backing communities to lead solutions using existing levers wisely.
    “It will reduce pressure on rates and support our goal to reduce the amount of waste going to landfill.”
    Waste minimisation initiatives could include new projects that reduce waste at the source and encourage movement towards a circular economy.
    Projects that focus on reduction, redesign, reuse, repair and repurpose will also be considered.
    “We want to see initiatives that create new opportunities and encourage community participation in waste minimisation,” says Councillor Hayward.
    Porirua Mayor Anita Baker says this is a positive move for waste reduction in Porirua.
    “This is another way that we can work towards making our communities more healthy and encourage more people to get involved in positive outcomes.”
    The grant scheme will now be developed with more information to come once the details have been finalised.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Tertiary Education – Te Pūkenga continues strong growth in international education amidst ongoing sector change

    Source: Te Pukenga

    Thursday 29 May 2025 – Te Pūkenga continues strong growth in international education amidst ongoing sector change
    Te Pūkenga – New Zealand Institute of Skills and Technology continues its growth trajectory in international student numbers, with enrolments, revenue, and international partnerships, all increasing strongly.
    Te Pūkenga Chief Executive Gus Gilmore acknowledged the hard work of staff in achieving the results which include increases in international student numbers from 2,861 EFTS at the end of 2022, when polytechnics transitioned into Te Pūkenga, to 6,873 EFTS at year end 2024. At the same time, international revenue has increased nearly 60% from 2023 to 2025.
    “Despite ongoing changes and uncertainty for our staff including almost 18 months of working towards disestablishment of Te Pūkenga and working to stand-up new entities, our international student numbers increased almost 30% between 2023 and 2024. This year so far, we are growing at 10.5% compared to last year.”
    While international revenue was $187 million pre-Covid, it dropped to $47.5m million in 2022 post-pandemic. Te Pūkenga then accelerated the big task of building back from pandemic disruptions and border closures with revenue rebounding to $136 million in 2024. The 2025 forecast is $159 million.
    “To be within less than 15% striking distance of pre-Covid numbers given the massive change the sector has been going through is a testament to the hard work of our teams, the quality of our programmes, growing global recognition of the importance of applied learning, and the strength of our institutes of technology and polytechnic brands offshore.”
    International student growth is occurring throughout the country, including in the regions. This includes MIT up 25% (82 EFTS), Unitec up 20% (176 EFTS), Wintec up 44% (213 EFTS), Toi Ohomai up 13% (60 EFTS), NMIT up 30% (60 EFTS), and Ara up 16% (57 EFTS).
    “Our focus continues to be on the delivery of quality education for all our students while supporting our divisions to promote the New Zealand vocational education and training sector offshore. As part of this, we are working with government agencies and sector stakeholders on building a stronger New Zealand brand for applied learning globally, and addressing immigration challenges so we can reduce barriers for international students choosing New Zealand as their study destination of choice,” says Mr Gilmore.
    In addition, Te Pūkenga continues to actively expand and secure new institutional arrangements with partners from across the globe, including with international governments. These partnerships are critical pipelines for ongoing growth in student enrolments as well as broader education cooperation and sector resilience.
    “These arrangements lay the groundwork for sustained future growth through mutual academic collaboration, academic exchange and student mobility. Critically, they strengthen our standing and reputation as a vocational education and training partner and destination, contributing to the revitalisation of New Zealand’s international education sector and economy.”
    The large majority of international students across Te Pūkenga divisions come from Asia with India (49%), Sri Lanka (11%), and China (10%) the top three markets. We are also working to diversify student market sources.
    “International students make a significant contribution socially and culturally to our institutes, campuses and student body. The international connections and understanding they help build are invaluable for a small island nation dependent on international trade and investment.”
    The contribution of international student revenue to financial viability is increasingly more important as institutes of technology and polytechnic divisions are stood up as independent entities from January 2026.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Housing Market – Cotality First home buyer activity strong, but entering market later

    Source: Cotality

    Cotality-Westpac NZ First Home Buyer Report draws on Cotality’s extensive housing market data, as well as Westpac’s information about borrowers, to offer fresh insight into the purchasing behaviours, property preferences and financial profiles of New Zealand’s first-time home buyers (FHBs).
    The report shows the number of first home buyers has picked up in recent years, accounting for nearly 25% of all property purchases across the country between January and April 2025 — well above the long-term average of 21–22%.
    It also found that the average age of first home buyers in New Zealand is rising, with new data showing Auckland buyers now average 37 years old, 36 in Wellington, and 35 in Christchurch — each around two to three years older than in 2019.
    “This shift partly reflects conscious lifestyle choices — such as travelling, building careers, or starting families — but housing affordability remains a key factor,” said Westpac NZ Senior Economist Satish Ranchhod.
    “Even with prices well below their 2022 peak, getting onto the property ladder still takes time, especially in larger centres like Auckland where prices tend to be higher.”
    Despite this later entry into the market, FHBs are currently getting more bang for their buck.
    More than 75% of FHB purchases so far in 2025 have been standalone houses — the highest share since 2020 — and the median price paid has held steady at $700,000, unchanged from the past two years and lower than 2022’s $719,000.
    “First home buyers may be older, but they’re entering the market with a clear plan and strong decision-making,” said Cotality Chief Property Economist Kelvin Davidson.
    “They’re capitalising on their ability to tap into KiwiSaver, abundant listings, modest price growth and accessible finance to secure better homes in many cases. Making full use of the low-deposit lending allowances at the banks is another support for FHBs.”
    “The big drop in interest rates over the past year has been a key factor that’s helped more New Zealanders into their first home,” said Ranchhod.
    “Fixed mortgage interest rates are now around 170 to 200 bps lower than this time last year. For those buying an averaged priced first home, those lower interest rates could cut their monthly mortgage costs by around $800.”
    Townhouses have made up 18% of FHB purchases to date in 2025, a higher share than among all buyers (15%), while only 2% of FHBs bought apartments and 3% opted for lifestyle blocks — compared to 6% in each category across the wider market.
    The data also confirms that many FHBs are not entering at the bottom rung: while the FHB median price is lower than the overall buyer median of $780,000, it is significantly higher than the lower quartile of $585,000.
     
    Spotlight on the main centres
    Looking at New Zealand’s major cities, FHB activity has been elevated across the board.
    The wider Wellington area leads the way, with FHBs accounting for 36% of purchases so far in 2025 — around 7 percentage points above the area’s long-term average. 
    Hamilton follows closely at 30%, with Dunedin at 28%, Auckland 27%, and Christchurch 26%. Tauranga, while slightly lower at 21%, still sits about 4 points above its historical norm.
    Standalone houses continue to be the dominant purchase type in most main centres.
    In Dunedin, 90% of FHBs have bought standalone homes this year, with Hamilton and Tauranga both close behind at 89%. However, the share is comparatively lower in Auckland (64% vs an average of 67%), Wellington (67% vs 73%), and Christchurch (66% vs 77%) — likely reflecting both greater availability and affordability of smaller dwellings, including townhouses and apartments.
    Price data reinforces the trend that first home buyers are typically entering the market above the lower rungs but below the peak.
    In Auckland, the median FHB price so far in 2025 is $903,000 — $127,000 below the all-buyer median, but $114,000 above the lower quartile. FHB median prices are $767,000 in Tauranga, $740,000 in Wellington, $705,000 in Hamilton, and lower again in Christchurch and Dunedin.
     
    Looking ahead
    Cotality projects that national property sales will increase from 82,000 in 2024 to around 92,000 in 2025, with modest growth in values over the calendar year – perhaps 5% or a bit above. Although FHBs may see their market share edge down later in the year as other buyer groups re-enter the market, the total number of first home purchases is expected to rise.
    “Market conditions continue to favour first home buyers — from abundant listings and pricing power, to accessible finance and the ability to use KiwiSaver towards a deposit,” Davidson said.
    “While challenges remain, the opportunity to buy better for less is firmly within reach. It’s true that paying rent is generally cheaper than a mortgage, and it’s never easy to get that first home. But the security of tenure provided by owner-occupier clearly remains a strong motivation for first home buyers.”
     
    About Cotality
    We accelerate data, insights and workflows across the property ecosystem to enable industry professionals to surpass their ambitions and impact society. With billions of data signals across the life cycle of a property, we unearth hidden risks and transformative opportunities for agents, lenders, insurers, governments and innovators.
     
    About Westpac NZ
    Westpac NZ is one of the country’s biggest banks. As a large New Zealand business and employer, we touch the lives of around 1.5 million customers, 5,000 employees and communities nationwide. Getting more customers into their first homes sooner is a priority for us.

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Port of Auckland fee increases cause concern for industry – Transporting NZ

    Source: Ia Ara Aotearoa Transporting New Zealand

    National road freight association Transporting New Zealand is voicing strong concerns over the Port of Auckland’s (POAL) announced increases to Vehicle Booking System (VBS) fees, warning these price hikes at the country’s largest import port will have major repercussions for businesses and consumers.
    Trucks have been charged $130 per visit in access fees to the container terminal during peak hours since January 2025. This will increase to $180 in January 2026, $230 by July 2026 and $350 by January 2027. These fees are levied each time a truck accesses the terminal to deliver or collect a container.
    Billy Clemens, Head of Policy & Advocacy at Transporting New Zealand, is questioning the justification for these large increases, noting that POAL’s productivity improvements have been minimal.
    “Our road freight members and their customers haven’t seen an associated increase in Port productivity,” he says.
    “In fact, from financial year 2023 to 2024 POAL’s average truck turnaround time improved by only 1.5 per cent, or 17 seconds. I don’t know of any road freight companies who could hike their prices by 170 per cent over two years following that level of performance.”
    Clemens also challenges POAL’s rationale that higher peak-time fees will incentivise off-peak deliveries.
     Traffic data confirms that our members already do their best to avoid peak traffic because it’s a nightmare in Auckland as it is. If they could, they would.”
    “A survey by one of our major North Island members revealed that only 12 per cent of their customers could accept night-time deliveries of containers.”
    Transporting New Zealand is warning that these increased costs will inevitably be passed on to consumers and exporters, making New Zealand goods less competitive on the international stage. All at a time when the Port is already comfortably surpassing its profit targets.
    Productive alternatives 
    Clemens urges POAL and its owner, Auckland Council, to focus on enhancing productivity and performance rather than imposing higher fees on industry stakeholders.
    “One practical option we’ve previously raised with POAL is to lower VBS charges for dual bookings, where a freighter both drops off and picks up containers on the same trip.”
    “If POAL wants to improve productivity, it should also look to its 2024 Annual Report. POAL was comfortably meeting its peak vs off-peak truck target, but failing on crane rate, ship rate, and import dwell time, amongst others.”
    Cargo owners share concern at price increases
    Mike Knowles, chair of the New Zealand Cargo Owners Council, says the time-of-use approach is too simplistic to achieve significant behaviour change as the port is just one part of a complex supply chain.
    The Cargo Owners Council believes it is time for benchmarking of NZ port productivity against their charge structures.
    “We think the time is long overdue for a closer look at arbitrary fee increases that do not result in measurable service or infrastructure improvement – as things stand the ultimate loser here is NZ Inc.”
    About Ia Ara Aotearoa Transporting New Zealand 
    Ia Ara Aotearoa Transporting New Zealand  is the peak national membership association representing the road freight transport industry. Our members operate urban, rural and inter- regional commercial freight transport services throughout the country.
    Road is the dominant freight mode in New Zealand, transporting 92.8% of the freight task on a tonnage basis, and 75.1% on a tonne-km basis. The road freight transport industry employs over 34,000 people across more than 4700 businesses, with an annual turnover of $6 billion.

    MIL OSI New Zealand News

  • MIL-OSI USA: Low-level fixed-wing flights to image geology of Michigan and Wisconsin

    Source: US Geological Survey

    Most of the surveying is expected to be completed by the late autumn of 2025; however, surveying may continue in the spring and summer of 2026 to avoid adverse weather conditions.

    The Michigan and Wisconsin flights are part of a national effort to map critical mineral resources needed to drive the U.S. economy and national security, searching below ground and in tailings from old mines.  As directed by the Energy Act of 2020, the U.S. Geological Survey has identified 50 critical minerals essential to the U.S. economy and national security, with a supply chain vulnerable to disruption.  The USGS partners on this effort with the Michigan Geological Survey, the Wisconsin Geological and Natural History Survey, and many other state geological surveys. 

    “The USGS Earth MRI program’s data for the Upper Peninsula is incredibly valuable. It will significantly enhance our understanding of the U.P.’s complex geology and is crucial for making informed decisions about sustainable land and resource management, and protecting public health in the region,” said Sara Pearson, director of the Michigan Geological Survey.

     Flights will cover areas within Alger, Baraga, Chippewa, Delta, Dickinson, Gogebic, Houghton, Iron, Keweenaw, Luce, Mackinac, Marquette, Ontonagon, and Schoolcraft Counties in Michigan, as well as Ashland, Florence, Forest, Iron, Marinette, Price, and Vilas Counties in Wisconsin.

    The flights will be based out of various Michigan and Wisconsin airports.  Flights and landing areas could shift with little warning to other parts of the survey area as necessary to minimize ferrying distances and avoid adverse flying conditions.

    The survey will acquire both magnetic and radiometric data across two non-overlapping blocks.  Fixed-wing survey aircraft will collect data along closely spaced flight lines at a nominal elevation of about 300 feet (100 meters). Flight lines will be spaced approximately 500 feet apart in the western survey block and 1,300 feet apart in the eastern survey block.  The magnetic component of the survey detects variations in the Earth’s magnetic field that reveal subsurface structures up to a few kilometers deep, or about 10,000 feet. Radiometric sensors measure natural low-level radiation to help map the distribution of potassium, thorium, and uranium near the surface.

    The survey will use aircraft equipped with an elongated “stinger” mounted to the tail extending backward off the aircraft. The scientific instruments on the aircraft are completely passive, with no emissions that pose a risk to humans, animals, or plant life. No photography or video data will be collected.  The data collected will be made freely available to the public on ScienceBase, typically within one year of flight completion. The aircraft will be flown by experienced pilots who are specially trained and approved for low-level flying. The company contracted to fly the survey works with the FAA to ensure flights are safe and in accordance with U.S. law. The surveys will be conducted during daylight hours only.

    The new geophysical data will be processed to develop high-resolution two- and three-dimensional representations of bedrock composition and structure to depths more of approximately 10,000 feet (almost 2 miles) below the surface.   The survey is funded by the USGS Earth Mapping Resources Initiative and is designed to meet needs related to mineral resource assessments, regional geologic framework and mapping studies, as well as water resource investigations and surficial mapping studies.  Additionally, the data and maps are important for improving our understanding of parameters for infrastructure and land-use planning, and potential risks of naturally occurring radon.  The MAG and RAD survey is focused on characterizing several major mineral systems, including critical minerals associated with mafic magmatic, volcanogenic seafloor, and porphyry systems.   Data from the survey will significantly improve our understanding of the region’s tectonic history.

    Figure 1:  Fixed-wing survey aircraft with tail stingers and sensors that collect scientific data on geology. (Credit: EON Geosciences Inc.)

    The USGS has contracted with Woolpert and EON Geosciences Inc. to collect data.

    Funding by the Infrastructure Investment and Jobs Act has facilitated coverage of such a large area.

    The survey fits into a broader effort by the USGS, the Michigan Geological Survey, the Wisconsin Geological and Natural History Survey, and other partners, including private companies, academics and state and federal agencies to modernize our understanding of the Nation’s fundamental geologic framework and knowledge of mineral resources. This effort is known as the Earth Mapping Resources Initiative, and it includes airborne geophysical surveys like this one, geochemical reconnaissance surveys, topographic mapping using LiDAR technology, hyperspectral surveys, and geologic mapping projects. 

    MIL OSI USA News

  • MIL-OSI: MediPharm Labs Refuses to Answer Direct Questions Regarding Credible Securities Fraud Allegations Says Apollo Capital

    Source: GlobeNewswire (MIL-OSI)

    Demands Management’s Board Nominees John Medland and Emily Jameson Withdraw Immediately or Face Public Complicity in Ongoing Alleged Systemic Violations of Securities Laws

    URGES SHAREHOLDERS TO VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES AND DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD

    TORONTO, May 30, 2025 (GLOBE NEWSWIRE) — Apollo Technology Capital Corporation (“Apollo Capital”), which together with its affiliates and associates collectively is one of the largest shareholders of MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm”, “MediPharm Labs”, or the “Company”), owning approximately 3% of the Company’s common stock, today condemned MediPharm Labs and its leadership team for their blatant failure and outright refusal to answer simple, direct, and highly serious questions concerning credible allegations of alleged extensive securities act disclosure violations committed by the MediPharm Labs’ Board of Directors (the “Board”) and management team.

    In a deeply troubling display of evasion and obfuscation, MediPharm Labs’ senior management and current board—including Chairman Chris Taves (Managing Director and Head of Capital Markets for Asia at BMO), CEO David Pidduck (former CEO of OxyContin® Manufacturer Purdue Pharma), Shelley Potts, Chris Halyk, Keith Strachan, and recently resigned Audit Committee Chair Michael Bumby—have persistently refused to respond meaningfully to allegations of systemic and intentional securities fraud.

    Apollo Capital asks incoming MediPharm Labs Board nominees John Medland and Emily Jameson: How long will you continue standing for election to a board that consistently refuses to answer basic questions about credible allegations of securities fraud? Are you prepared to potentially permanently stain your professional reputations by associating yourselves with an entity that has been accused of deliberately evading accountability and transparency?

    Apollo Capital demands immediate, straightforward answers from MediPharm’s directors to the following questions:

    Has MediPharm Labs changed its revenue recognition practices from those in place two years ago?

    Is any purported growth simply a result of creative accounting designed to deceive shareholders?

    Given the undeniable gravity and credible evidence surrounding these allegations, Apollo Capital reiterates its urgent call for an immediate, comprehensive investigation by regulatory authorities including the Ontario Securities Commission (OSC), the Toronto Stock Exchange (TSX), and the U.S. Securities and Exchange Commission (SEC).

    Earlier this week, Apollo Capital raised broader concerns about the current Board’s commitment to ethical conduct, asking its fellow shareholders if they felt like Chairman Chris Taves properly fulfilled his fiduciary and moral duties and obligations to make them fully aware of David Pidduck’s history as CEO and VP of Marketing for OxyContin® Manufacturer Purdue Pharma, and whether they felt like details of Pidduck’s very recent past were MATERIAL facts that Chairman Taves should have made crystal clear before asking them on multiple occasions to vote in favour of Pidduck’s outrageous and off-market compensation package.

    Apollo Capital’s nominees, experienced professionals known for corporate turnarounds, have clearly outlined their mission: to root out any corporate rot, restore credibility, and return value to shareholders.

    MediPharm Labs shareholders deserve accountability, transparency and competent leadership—not empty claims, evasive tactics and an almost complete destruction of investor value.

    Previous Apollo Capital press releases detailing allegations of fraudulent and unethical activities at MediPharm Labs can be accessed here:

    MediPharm Labs Shareholders can visit www.CureMediPharm.com, to sign up for important campaign updates.

    VOTE THE GOLD PROXY CARD “FOR” APOLLO CAPITAL’S SIX DIRECTOR NOMINEES AND DISREGARD MEDIPHARM LABS’ GREEN PROXY CARD

    To access Apollo Capital’s Circular and related proxy materials, including a proxy or voting instruction form, visit SEDAR+ at www.sedarplus.ca.

    Contacts

    For Shareholders:
    Carson Proxy
    North American Toll-Free Phone: 1-800-530-5189
    Local or Text Message: 416-751-2066 (collect calls accepted)
    E: info@carsonproxy.com

    For Media:
    CureMediPharm@gasthalter.com

    Legal Disclosures

    Information in Support of Public Broadcast Exemption under Canadian Law

    In connection with the Annual Meeting, Apollo Capital has filed an amended and restated dissident information circular (the “Circular”) in compliance with applicable corporate and securities laws. Apollo Capital has provided in, or incorporated by reference into, this press release the disclosure required under section 9.2(4) of NI 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and the corresponding exemption under the Business Corporations Act (Ontario), and has filed the Circular, available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The Circular contains disclosure prescribed by applicable corporate law and disclosure required under section 9.2(6) of NI 51-102 in respect of Apollo Capital’s director nominees, in accordance with corporate and securities laws applicable to public broadcast solicitations. The Circular is hereby incorporated by reference into this press release and is available under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. The registered office of the Company is 151 John Street, Barrie, Ontario, Canada L4N 2L1.

    SHAREHOLDERS OF MEDIPHARM ARE URGED TO READ THE CIRCULAR CAREFULLY BECAUSE IT CONTAINS IMPORTANT INFORMATION. Investors and shareholders are able to obtain free copies of the Circular and any amendments or supplements thereto and further proxy circulars at no charge under MediPharm’s profile on SEDAR+ at www.sedarplus.ca. In addition, shareholders are also able to obtain free copies of the Circular and other relevant documents by contacting Apollo Capital’s proxy solicitor, Carson Proxy Advisors Ltd. (“Carson Proxy”) at 1-800-530-5189, local (collect outside North America): 416-751-2066 or by email at info@carsonproxy.com.

    Proxies may be revoked in accordance with subsection 110(4) of the Business Corporations Act (Ontario) by a registered shareholder of Company shares: (a) by completing and signing a valid proxy bearing a later date and returning it in accordance with the instructions contained in the accompanying form of proxy; (b) by depositing an instrument in writing executed by the shareholder or by the shareholder’s attorney authorized in writing; (c) by transmitting by telephonic or electronic means a revocation that is signed by electronic signature in accordance with applicable law, as the case may be: (i) at the registered office of the Company at any time up to and including the last business day preceding the day the Annual Meeting or any adjournment or postponement of the Annual Meeting is to be held, or (ii) with the chair of the Annual Meeting on the day of the Annual Meeting or any adjournment or postponement of the Annual Meeting; or (d) in any other manner permitted by law. In addition, proxies may be revoked by a non-registered holder of Company shares at any time by written notice to the intermediary in accordance with the instructions given to the non-registered holder by its intermediary. It should be noted that revocation of proxies or voting instructions by a non-registered holder can take several days or even longer to complete and, accordingly, any such revocation should be completed well in advance of the deadline prescribed in the form of proxy or voting instruction form to ensure it is given effect in respect of the Annual Meeting.

    The costs incurred in the preparation and mailing of any circular or proxy solicitation by Apollo Capital and any other participants named herein will be borne directly and indirectly by Apollo Capital. However, to the extent permitted under applicable law, Apollo Capital intends to seek reimbursement from the Company of all expenses incurred in connection with the solicitation of proxies for the election of its director nominees at the Annual Meeting.

    This press release and any solicitation made by Apollo Capital is, or will be, as applicable, made by such parties, and not by or on behalf of the management of the Company. Proxies may be solicited by proxy circular, mail, telephone, email or other electronic means, as well as by newspaper or other media advertising and in person by managers, directors, officers and employees of Apollo Capital who will not be specifically remunerated therefor. In addition, Apollo Capital may solicit proxies by way of public broadcast, including press release, speech or publication and any other manner permitted under applicable Canadian laws, and may engage the services of one or more agents and authorize other persons to assist it in soliciting proxies on their behalf.

    Apollo Capital has entered into an agreement with Carson Proxy Advisors (“Carson Proxy”) for solicitation and advisory services in connection with the solicitation of proxies for the Meeting, for which Carson Proxy will receive a fee not to exceed $250,000, together with reimbursement for reasonable and out-of-pocket expenses. Apollo Capital has also engaged Gasthalter & Co. LP (“G&Co”) to act as communications consultant to provide Apollo Capital with certain communications, public relations and related services, for which G&Co will receive a minimum fee of US$75,000 in addition to a performance fee of US$250,000 in the event that Apollo Capital’s nominees make up a majority of the Board following the Annual Meeting, plus excess fees, related costs and expenses.

    No member of Apollo Capital nor any of their associates or affiliates has or has had any material interest, direct or indirect, in any transaction since the beginning of the Company’s last completed financial year or in any proposed transaction that has materially affected or will or would materially affect the Company or any of the Company’s affiliates. No member of Apollo Capital nor any of their associates or affiliates has any material interest, direct or indirect, by way of beneficial ownership of securities or otherwise, in any matter to be acted upon at the Annual Meeting, other than setting the number of directors, the election of directors, the appointment of auditors and the approval of the ordinary resolution approving, among other things, the Company’s amended and restated equity incentive plan dated May 8, 2025 and the unallocated awards available thereunder.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains forward‐looking statements. All statements contained in this filing that are not clearly historical in nature or that necessarily depend on future events are forward‐looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward‐looking statements. These statements are based on current expectations of Apollo Capital and currently available information. They are not guarantees of future performance, involve certain risks and uncertainties that are difficult to predict, and are based upon assumptions as to future events that may not prove to be accurate. All forward-looking statements contained herein are made only as of the date hereof and Apollo Capital disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which Apollo Capital hereafter becomes aware, except as required by applicable law.

    Hashtags: #ShareholderActivism #CorporateGovernance #InvestorProtection #Investor Alert #Investor Fraud #FinancialRegulation #CorporateCrime #FinancialCrime #HomelandSecurity #DHS #OpioidCrisis #OpioidEpidemic #OpioidLitigation #OpioidVictims #BMO #DEA #ONDCP

    The MIL Network

  • MIL-OSI: Oak Woods Acquisition Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

    Source: GlobeNewswire (MIL-OSI)

    New York, May 30, 2025 (GLOBE NEWSWIRE) — Oak Woods Acquisition Corporation. (Nasdaq: OAKU) (the “Company”) today announced it received a delinquency notification letter from Nasdaq on May 27, 2025, which indicated that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2025 (the “Quarterly Report”). The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”). This notification has no immediate effect on the listing of the Company’s securities on Nasdaq.

    The Notice states that the Company has 60 calendar days to submit a plan to regain compliance and if the Nasdaq accepts such plan, the Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report’s due date, or until November 17, 2025 (the “Compliance Date”), to regain compliance. The Notification Letter does not impact the Company’s listing on The Nasdaq Capital Market at this time.

    The Company is currently in the final stages of completing work on its 10-Q for the quarter ended March 31, 2025. While the Company has not yet filed its Quarterly Report on Form 10-Q, it is working diligently with its independent registered public accounting firm to complete the remaining audit procedures. The delay in filing is not due to any disagreement with the Company’s auditors and the Company expects to file the Form 10-Q promptly upon completion of the audit review process.

    About Oak Woods Acquisition

    Oak Woods Acquisition Corporation is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, or other similar business combination with one or more businesses or entities. On August 11, 2023, Oak Woods Acquisition Corporation, a Cayman Islands corporation (“Oak Woods”), entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”) with Oak Woods Merger Sub, Inc., a Cayman Islands corporation and a wholly owned subsidiary of Oak Woods (“Merger Sub”), Huajin (China) Holdings Limited, a Cayman Islands corporation (“Huajin”) and Xuehong Li, in his capacity as the representative of the Huajin shareholde (“Shareholders’ Representative”), as amended by its agreement to extend the date by which a Business Combination is required to be completed to June 28, 2024, dated March 23, 2024, and subsequently by the First Amendment to the Merger Agreement entered into by Oak Woods, Huajin, Merger Sub, and the Shareholders’ Representative on June 26, 2024 extending the time to complete its business combination to September 28, 2024.

    On October 1, 2024 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting adjourned from September 25, 2024 and held on September 26, 2024 (the “September EGM”), the following proposals were approved thereby amending the Amended and Restated Articles and Memorandum of Association of the Company to give the Company the right to extend the date by which the Company has to complete a business combination from September 28, 2024 to March 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times.

    On March 26, 2025 the Company announced that, as approved by the shareholders of the Company at the Extraordinary General Meeting held on March 20, 2025 (the “March EGM”), the following proposals were approved thereby amending the Amended and Restated Articles and memorandum of Association to give the Company the right to extend the date by which the Company has to complete a business combination from March 28, 2025 to September 28, 2025, by depositing into the Trust Account $172,500 per for each one-month extension, on or prior to the date of the applicable deadline, for up to six (6) times.

    As of May 30, 2025, our Sponsor has timely deposited all prior monthly extension deposits and again deposited $172,500 into our Trust Account, thereby extending the time available to the Company to complete our initial business combination until June 28, 2025.

    Forward Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward- looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    Contact:

    Lixin Zheng
    Chief Executive Officer
    Oak Woods Acquisition Corporation
    (+1) 403-561-7750

    The MIL Network

  • MIL-OSI: Red White & Bloom Brands Provides Update on Status of Annual Filings

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 30, 2025 (GLOBE NEWSWIRE) — Red White & Bloom Brands Inc. (CSE: RWB) (“RWB” or the “Company”) is providing an update on the status of a management cease trade order granted on May 1, 2025 (the “MCTO”) by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order (“NP 12-203”).

    On May 1, 2025, the Company announced that, for reasons disclosed in the news release, there would be a delay in the filing of its financial statements and accompanying management’s discussion and analysis for the fiscal year ended December 31, 2024 (the “Annual Filings”) beyond the period prescribed under applicable Canadian securities laws.

    The Company reports that the audit continues to progress, and it will provide a further update on the timing of its Annual Filings on or about June 13, 2025, if it has not filed by this date. The Company is also progressing on the completion of its interim financial statements and accompanying management’s discussion and analysis for the first quarter ended March 31, 2025 (the “2025-Q1 Filings”). The Company advises that the 2025-Q1 Filings will be filed within five business days from the date the Annual Filings are completed. Further updates on timing will be provided by the Company as necessary.

    During the MCTO, the general investing public will continue to be able to trade in the Company’s listed common shares. However, the Company’s chief executive officer, president and chief financial officer will not be able to trade in the Company’s shares.

    Other than as disclosed in this news release, there are no material changes to the information contained in the initial press release associated with the MCTO. The Company confirms that it intends to satisfy the provisions of NP 12- 203 and will continue to issue bi-weekly default status reports for so long as it remains in default of the Annual Filings requirement. These updates will include information regarding the progress of the Annual Filings and any material changes to the Company’s business, if any.

    About Red White & Bloom Brands Inc.

    Red White & Bloom Brands is a multi-jurisdictional cannabis operator and house of premium brands operating in the United States, Canada and select international jurisdictions. The Company is predominantly focusing its investments on major U.S. markets, including California, Florida, Missouri, Michigan, and Ohio in addition to Canadian and international markets.

    Red White & Bloom Brands Inc.
    Investor and Media Relations
    Edoardo Mattei, CFO
    IR@RedWhiteBloom.com
    947-225-0503
    Visit us on the web: https://www.redwhitebloom.com/.

    Follow us on social media:

    X @rwbbrands

    Facebook @redwhitebloombrands

    Instagram @redwhitebloombrands

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

    FORWARD LOOKING INFORMATION

    Certain information contained in this news release may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking information is often identified by the use of words such as “plans,” “expects,” “may,” “should,” “could,” “will,” “intends,” “anticipates,” “believes,” “estimates,” “forecasts,” or variations of such words and phrases, including the negative forms thereof, as well as terms such as “pro forma” and “scheduled,” and similar expressions that refer to future events or outcomes.

    Forward-looking statements in this release include, without limitation, statements relating to the anticipated timing, review, completion, and filing of the Annual Filings and Q1 Filings; the expected duration of the MCTO; the Company’s ongoing operations; and the Company’s intention to issue bi-weekly default status updates.

    Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with audit completion processes; regulatory reviews and approvals; market conditions; the Company’s financial condition and liquidity; the ability to achieve the anticipated benefits of the debt restructuring; and the risk that the Company may not be able to complete its Annual Filings within the timeframe currently anticipated.

    There can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

    The Company disclaims any obligation to update or revise any forward-looking information contained herein, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

    The MIL Network

  • MIL-OSI USA: Congresswoman Cherfilus-McCormick Statement on SCOTUS Decision to End Humanitarian Parole Programs

    Source: United States House of Representatives – Congresswoman Sheila Cherfilus-McCormick (D-Florida 20th district))

    Washington, D.C. “This ruling isn’t just a blow to the rights and safety of these legal immigrants—it’s also a direct attack on South Florida’s economy. This reckless measure threatens our economy by failing to allocate funds for training Americans for these jobs. 

    “House Republicans have obstructed essential job skills training, leaving critical industries—healthcare, construction, and hospitality—severely understaffed and vulnerable.

    “Taking away their legal status and work permits will not only devastate families—it will weaken our local economy and disrupt essential services.”

    ### 

    MIL OSI USA News