Category: Economy

  • MIL-OSI New Zealand: Consumer NZ finds some car insurance premiums have almost doubled since 2023

    Source: Consumer NZ

    Car insurance premiums have surged in the past 2 years but switching providers could save you hundreds of dollars, says Consumer NZ.

    Vanessa Pratley, investigative writer at Consumer NZ, says its annual car insurance survey found premiums have increased by as much as 46% since 2023.  

    Pratley points to inflation and extreme weather events as factors driving up the cost of insurance across the board, but another contributing factor is your age and life stage.

    “Every insurer will base its premiums on risk. How much you pay will depend on things like whether you live in a flood-prone area, the car you drive, and even your age and gender.  

    “And because not all insurers are equal – which is to say they use their own risk assessments – you might be more or less of a risk to one provider or another.

    “You can switch insurance providers any time (though there might be cancellation fees), and that could potentially reward you with hundreds of dollars in annual savings.”

    Toot if your premium’s up!

    Consumer’s survey found young males will pay more in car insurance premiums than older people or young females. And older females could pay more than older males – depending on the insurer.  

    “When we compared the costs for four different age brackets across nine insurance providers, we found annual savings ranged quite significantly – between $481 and $1,296.

    “Since 2023, the lowest median increase was just 0.6% for a family of four living in Auckland, and the highest median increase was 46% for young males living in Christchurch.

    “If the cost to insure your car is stressing you out right now, don’t cancel your cover or drop down to third-party – shop around and see what savings you could make first.”

    Switch to a lane you can afford

    Other than switching providers, Pratley explains some policies may look similar but cover very different things.

    “‘Standard’ cover with one insurer will be an optional extra with another insurer.

    “You might find your insurance policy includes towing expenses or key replacements as part of its standard offering. But if you very rarely park in the city and never lose your keys, you might be paying more than you need.

    “Take the time to compare what’s on offer and consider whether switching plans or providers would get you back to a policy you can afford.”

    Get a steer on satisfaction

    As well as crunching the numbers on the cost of car insurance premiums, Consumer surveys car insurance customers about how satisfied they are with their current provider.  

    “No one takes out insurance cover for fun. It’s an important financial safety net, for example, if you accidentally swing your car into a parked Tesla. If the right protection isn’t in place for you, you could find yourself in a real pickle.

    “The experience you get from your insurance provider, especially how they treat you, should be an important consideration, too. We’re pleased to announce that FMG and MAS received Consumer’s People’s Choice award for car insurance this year.”

    To help New Zealanders independently compare insurance providers’ cover, our team has crunched the details on comprehensive car insurance policies: https://consumernz.cmail19.com/t/i-l-fhddkjk-ijjdkdttjk-j/

     

    Notes

    We got quotes from nine companies for comprehensive car insurance for four profiles. More information about our methodology, and the paywalled results, are available on our website: Car insurance – compare policies: https://consumernz.cmail19.com/t/i-l-fhddkjk-ijjdkdttjk-t/

     

     

    About Consumer

    Consumer NZ is an independent, non-profit organisation dedicated to championing and empowering consumers in Aotearoa. Consumer NZ has a reputation for being fair, impartial and providing comprehensive consumer information and advice.

    MIL OSI New Zealand News

  • MIL-Evening Report: As the Latrobe Valley moves away from coal jobs, could a green worker’s cooperative offer a solution?

    Source: The Conversation (Au and NZ) – By Gregory Patmore, Emeritus Professor of Business and Labour History, University of Sydney

    Workers at Earthworker Energy Manufacturing Co-op

    Worker cooperatives may sound like something out of the 19th century, but they still exist in the age of global capitalism.

    In Spain, for instance, the Mondragon Corporation is a huge worker-run cooperative based around 95 collectives – the largest cooperative in the world.

    Worker cooperatives produce products or services. But they are run very differently. Workers can become members of the cooperative they work for by buying a share of the business. This gives them a vote in how the business is run and a share of net income, after costs have come out.

    Co-ops do not have external shareholders – the profits stay with workers. Rather than bosses deciding and workers carrying out the tasks, worker cooperatives are based on democratic principles. Big decisions are discussed and then voted on, and each member gets one vote. They offer a direct way for workers to control their production and shape the economy.

    In Australia, these models peaked in the 1980s. Most are gone, though a few older cooperatives are still running, such as Tasmanian recycling cooperative Resource Work Collective, founded in 1993.

    In recent years, there’s been renewed interest in the model. The Earthworker cooperative network focused on Victoria’s Latrobe Valley. The goal: find new types of employment and products in a coal area undergoing transition.

    Coal plants in the Latrobe Valley provided jobs for generations of workers. Their closure poses real challenges. Pictured: worker hardhats left on the fence at Hazelwood Power Station after it closed in 2017.
    Dorothy Chiron/Shutterstock

    How well does the model work?

    Mondragon is the most well-known example. Founded in 1956 in the Basque region of northern Spain, Mondragon grew and became self-sustaining. It has developed supporting institutions such as research and development companies and even a university. It also established a credit union, which attracted capital and provided loans to cooperatives.

    While Mondragon is a successful example, these organisations face a number of barriers to their survival.

    Critics have argued worker cooperatives tend to fail as workers do not understand the market for their products, but Mondragon undercuts this criticism.

    Worker cooperatives can have difficulties raising capital. Some banks can be reluctant to invest as they may lack familiarity or sympathy with the model.

    Instead, workers may put some or all of their savings into the organisation to get it started. Taking these kinds of risks means some workers may be focused on getting immediate rewards, rather than investing surplus funds or building up cash reserves.

    Workers can sometimes choose to transform a successful cooperative into a capitalist enterprise to achieve greater capital gains.

    Surprisingly, trade unions are generally hostile and suspicious of worker cooperatives. Union organisers may fear worker-owners could see little need for trade unions in representing their interests, or that cooperatives could undercut union wages and conditions to remain competitive.

    To date, worker cooperatives have had a limited impact in Australia, despite the relatively strong historical position of workers.

    Compared to member cooperatives and other types, worker’s cooperatives tend to be short lived in Australia. That’s because most were formed by workers after an industrial dispute or to maintain employment during economic downturns.

    In 1987, for instance, workers retrenched by a major communications company decided to form a co-op which became the Electronic Service Centre in Fairfield, New South Wales. A later example is Abrasiflex, a NSW company bought by workers facing retrenchment in 1993. Both cooperatives failed by the early 2000s.

    Their popularity peaked in the 1980s, when the model was promoted by state Labor governments. Policymakers saw them as a short term means to resolve unemployment, rather than a long term means to secure economic democracy.

    The model lost traction in the early 1990s due to an economic downturn, capital shortfalls and changing political circumstances.

    New energy

    The idea for Earthworker came from discussions between unionists and environmentalists over job creation and the environment. Earthworker founders were influenced by the Green Bans.

    As the project’s website states:

    Conflict can occur between environmentalists who want to shut down certain industries, and unionists who want to protect jobs […] we should work together for a “just transition” and create jobs that aren’t just better for the earth, but for workers too.

    In this respect, Earthworker has much in common with the Cleveland Model in the United States, which links green business, local economic development and fair labour practices.

    Earthworker only formally became a cooperative in 2011, though discussions date back to the late 1990s. In 2016, the network bought a hot water tank manufacturer in Morwell and began making their own tanks and solar hot water systems as the Earthworker Energy Manufacturing Co-operative. The cooperative is aimed at helping the Latrobe Valley’s transition away from coal power jobs.

    Morwell and other Latrobe Valley towns are losing coal jobs. But new industries and business models are emerging.
    AustralianCamera/Shutterstock

    Earthworker promotes the payment of trade union wage rates and conditions. The goal is to build a network of cooperatives supporting each other to build economies of scale.

    Their other cooperatives include Earthworker Construction (residential construction, landscaping and maintenance) and Earthworker Smart Energy (improving thermal efficiency and comfort in homes). These cooperatives are generally small, with 10 members or fewer.

    Another cooperative, Redgum Cleaning, closed down in 2023. It was not viable due to staff shortages, increased costs and work cancellations during the pandemic. Paying union rates in a competitive industry also assisted its demise.

    By contrast, the Earthworker Energy Manufacturing Co-operative has found a way to survive in a competitive market.

    Niche or mainstream?

    Australian worker cooperatives ensure manufacturing and services remain locally owned and controlled. Could they expand? It’s possible.

    Capital remains a major issue for Australian worker cooperatives such as Earthworker. Without capital, it’s hard to scale. Government efforts to expand domestic manufacturing often overlook this model.

    The Earthworker network points to one future for Australian worker cooperatives. Despite the failures of the past, Earthworker’s focus on building a network of sustainable businesses rather than a single cooperative is a promising path.

    Gregory Patmore has received funding from the Australian Research Council and the Business Council of Co-operatives and Mutuals.

    ref. As the Latrobe Valley moves away from coal jobs, could a green worker’s cooperative offer a solution? – https://theconversation.com/as-the-latrobe-valley-moves-away-from-coal-jobs-could-a-green-workers-cooperative-offer-a-solution-245850

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Budget ‘25 needs to prioritise a thriving and resilient Pacific region – World Vision

    Source: World Vision

    World Vision New Zealand is urging the government to prioritise Pacific prosperity and resilience with strong investment in climate finance and foreign aid as part of Budget ’25.

    The aid agency’s National Director, Grant Bayldon, says in challenging geopolitical times, it is vital the government invests in the Pacific region to ensure it is strong and thriving.  

    He says Pacific nations are among the most vulnerable to climate shocks, and New Zealand needs to stand in solidarity with our neighbours.

    “These are tough economic times for New Zealand and many other countries, but climate finance is a cornerstone of effective development, ensuring that communities can respond to climate shocks, build resilience, and secure the rights of future generations.

    “New Zealand has a leadership role to play and that requires us to step up and support our Pacific neighbours in the face of a changing climate, growing poverty, and changing geo-political alliances.

    Bayldon says it’s more important than ever before to invest in the children of the Pacific and to support Pacific communities with education, nutrition, healthcare and the tools to combat climate change.

    “Half of the Pacific’s population are children. We know that every dollar invested in child-related programming yields exceptional returns, which will help to make Pacific communities stronger.

    “That’s a fantastic return on investment for our region and for New Zealanders who will partner with, and deliver many of these projects,” Bayldon says.

    He says this year’s Budget is particularly important because New Zealand will need to decide how much it will invest in climate finance under the United Nations Convention on Climate Change.

    New Zealand committed NZ$1.3 billion in climate finance between 2022 – 2025, but at last year’s COP29 climate conference agreed that developed nations together should contribute more (at least US$300 billion per year) in future to help low-income countries transition to clean energy and adapt to climate change.

    Bayldon says it’s incumbent on the Government to increase its climate finance commitment in Budget ’25.

    “We know that climate change is the great existential crisis of our time, and it is without doubt a humanitarian crisis in which children bear the brunt of suffering.  Every cyclone, every flood, and every village lost to rising sea levels means more children going without food, a home, and an education.

    “Our commitment to climate finance will help Pacific children and communities to become more resilient in the face of a changing climate,” he says.

    MIL OSI New Zealand News

  • MIL-OSI: Instant Withdrawal Casinos UK: Aztec Paradise Picked as The Fastest in 2025

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSÉ, Costa Rica, May 15, 2025 (GLOBE NEWSWIRE) — Online players in the UK have had enough of long withdrawal wait times. With the rise of instant withdrawal casinos, British gamblers are now demanding quicker access to their winnings—and they’re getting it. Leading the charge into 2025 is Aztec Paradise, a next-generation online casino that offers lightning-fast payouts, often within just 5 minutes.

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    In this guide, we’ll break down why Aztec Paradise is setting a new standard for fast-paying online casinos in the UK, and what features to look for when choosing a casino with no withdrawal delays.

    What Are Instant Withdrawal Casinos?

    Instant withdrawal casinos UK are platforms that process and approve payout requests immediately or within an hour, as long as the player is verified. These casinos eliminate the 1–3 day “pending” periods still used by many traditional operators.

    With fast KYC systems and real-time payment integration, casinos like Aztec Paradise allow players to cash out instantly using popular methods such as:

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    • Faster Payments (UK Bank Transfer)
    • Cryptocurrency (Bitcoin, Ethereum)
    • Revolut

    Aztec Paradise Casino Welcome Bonuses

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    Aztec Paradise Casino offers a comprehensive suite of bonuses and promotions designed to enhance the gaming experience for both new and existing players. Here’s an overview of the key bonuses available:

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    Each deposit bonus requires a minimum deposit of €25/£25/$25. Wagering requirements are set at 30x for both the bonus and deposit amounts. Notably, players can only claim one bonus at a time, and any active bonus must be canceled before a new one can be activated.

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    Engage in weekly tournaments with prize pools up to €50,000. These competitions allow players to compete against each other for a chance to win substantial prizes. Details on the current tournament themes and requirements can be found on the promotions page.

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    Players can receive daily cashback based on their VIP level, offering up to 20% back on net losses. This daily incentive helps players mitigate losses and continue enjoying their gaming experience.

    For the most up-to-date information on bonuses and promotions, players should regularly check the Bonuses and Promotions pages on the Aztec Paradise Casino website. Always ensure to read the full terms and conditions associated with each offer to understand the requirements and limitations.

    Aztec Paradise: UK’s Fastest Casino Withdrawal in 2025

    Aztec Paradise stands out in 2025 for offering verified instant withdrawals across nearly all payment methods, with no manual delays once identity is confirmed.

    Key Features:

    • Payout Time: As little as 3–5 minutes (PayPal, Skrill, Crypto)
    • Min Withdrawal: £10
    • Max Daily Limit: £20,000
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    • Games: Slots, Live Casino, Sports, Fantasy, Virtuals
    • License: Curacao (UKGC white-label compliant)
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    Unlike some operators that still place limits or freeze withdrawals for “review,” Aztec Paradise’s automated systems ensure a seamless withdrawal experience with no hold-ups.

    Top Instant Withdrawal Payment Methods

    Method Time to Receive Common in UK? Casino Fee
    PayPal 1–5 minutes Yes £0
    Skrill/Neteller 2–10 minutes Yes £0–£1
    Crypto (BTC/ETH) 5–20 minutes Increasing Network fee
    Faster Payments 30–60 minutes Yes £0
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    Tip: Use e-wallets like PayPal or Skrill for the fastest and most reliable experience.

    Game Selection Doesn’t Slow Things Down

    At Aztec Paradise, instant withdrawals apply to all categories of games, including:

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    So whether you hit a big win on MegaWays slots or go on a hot streak at the blackjack table, your funds are yours almost immediately.

    Pros and Cons of Instant Withdrawal Casinos

    ✅ Pros:

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    • Crypto users may pay blockchain network fees

    How Aztec Paradise Compares to Other Fast-Paying Casinos

    Casino Withdrawal Speed Top Method Bonus
    Aztec Paradise 3–5 mins PayPal/Crypto £7,500 Bonus Package
    MrQ Casino Under 1 hour PayPal 100 Free Spins
    PlayOJO 1–3 hours Skrill No Wagering Bonus
    LeoVegas 1–12 hours Visa/Neteller £100 + Free Spins
    Slots Dynamite 15–60 mins Revolut/Crypto Huge VIP Program
           

    Aztec Paradise edges ahead not just in speed, but in overall payout reliability and 24/7 processing.

    What UK Players Are Saying

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    ️ Security and Responsible Gambling

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    ✅ Final Thoughts: Aztec Paradise is the Best Instant Withdrawal Casino UK Players Can Choose in 2025

    For players who value speed, transparency, and top-tier games, Aztec Paradise is hands-down the best choice for instant withdrawals in the UK. With verified lightning payouts, mobile compatibility, and a stellar gaming selection, it delivers on every front.

    As more casinos race to improve their withdrawal speeds, Aztec Paradise has already set the benchmark. Whether you’re a casual player or a regular high-roller, you deserve to be paid instantly—and now you can be.

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    Project Name: Aztec Paradise Casino
    Website: https://aztecparadise.com/
    Contact Person: Roger Chambers, rogerc@aztecparadise.com.
    Email ID: sales@aztecparadise.com
    Address: Centro Corporativo Plaza Roble, Edificio 5
    San Rafael de Escazú, San José Province, Costa Rica 10203

    Disclaimer & Affiliate Disclosure

    This article is for general information and promotional purposes only and shouldn’t be taken as legal, financial, or professional advice. While we aim for accuracy, we can’t guarantee everything is up-to-date or complete. Please double-check details before acting. Some links may be affiliate links, meaning we could earn a commission at no extra cost to you, but this doesn’t affect our content or opinions. Online gambling is for adults of legal age (typically 19+) and carries financial risk. Play responsibly and seek help if needed. Brand names mentioned belong to their respective owners. By reading this, you accept full responsibility for how you use the information.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/82bbc6ce-845b-4aeb-b527-49f15365c0ef

    The MIL Network

  • MIL-OSI Russia: China’s first RRR cut for financial institutions in 2025 comes into effect

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    BEIJING, May 15 (Xinhua) — A 0.5 percentage point reduction in the reserve requirement ratio (RRR) for eligible financial institutions took effect on Thursday, which is expected to provide about 1 trillion yuan (about 139 billion U.S. dollars) of long-term liquidity to the financial market.

    Last week, the People’s Bank of China (the central bank of China) announced it was prepared to cut the RRR, which was the first such move since the beginning of this year.

    The RRR cut is one of a host of support measures, which also include interest rate cuts and increased financial support through additional lending, recently announced by monetary and financial authorities as the world’s second-largest economy steps up efforts to stabilize markets and support the economic recovery amid challenges to the external environment.

    In addition, starting Thursday, the reserve requirement for companies engaged in auto finance and financial leasing fell to zero from the previous 5 percent, effectively increasing their credit supply in these sectors. -0-

    MIL OSI Russia News

  • MIL-OSI: Best Ethereum Casinos: JACKBIT Listed As Top ETH Casino Site For Fast Payouts And Instant Withdrawal!

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 15, 2025 (GLOBE NEWSWIRE) — JACKBIT has earned its reputation as the best Ethereum casino through a rigorous evaluation by iGaming experts. Assessed across critical player-focused criteria, JACKBIT delivers a seamless, secure, and rewarding experience. Whether you’re looking to gamble with Ethereum or explore the best Ethereum gambling site, JACKBIT stands out for its innovation and dedication to players.

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    Why Choose JACKBIT for Ethereum Casino Gaming?

    JACKBIT’s rise to the top of the best Ethereum casinos is no accident. Its focus on crypto-friendly features, such as instant Ethereum withdrawals and no-KYC policies, caters to modern players. The platform’s intuitive design and robust security measures ensure a hassle-free experience, making it a go-to for those seeking the best Ethereum casino sites.

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    Payment Speed and Flexibility

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    Frequently Asked Questions About The Best Ethereum Casinos

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    Disclaimer & Affiliate Disclosure

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, with no warranties as to accuracy or completeness. Users must verify information before acting.

    Online gambling involves risks and is not suitable for everyone. Confirm you meet the legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We do not promote gambling; participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for losses or disputes.

    This article may contain affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content, but our reviews remain unbiased. Always conduct your own research before signing up.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0bff779d-ad87-4c32-bd23-8d6d659a19bb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d09554fd-d795-47f1-93cf-23bf653e508f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/afc0ff34-13cc-49c8-a49c-0bf8a71c2277

    The MIL Network

  • MIL-OSI: KBC Group: First-quarter result of 546 million euros

    Source: GlobeNewswire (MIL-OSI)


    KBC Group – overview (consolidated, IFRS)
    1Q2025 4Q2024 1Q2024
    Net result (in millions of EUR) 546 1 116 506
    Basic earnings per share (in EUR) 1.32 2.75 1.18
    Breakdown of the net result by business unit (in millions of EUR)      
    Belgium 281 487 243
    Czech Republic 207 238 197
    International Markets 135 175 146
    Group Centre -77 215 -80
    Parent shareholders’ equity per share (in EUR, end of period) 58.8 56.6 54.9

    ‘We recorded a net profit of 546 million euros in the first quarter of 2025. Compared to the result of the previous quarter, our total income benefited from several factors, including increased insurance revenues, trading and fair value income and net other income, while net interest income and net fee and commission income were slightly down as a result of seasonality and some positive year-end effects in the fourth quarter of 2024.
    Our loan portfolio continued to expand, increasing by 2% quarter-on-quarter and by 7% year-on-year. Customer deposits – excluding volatile, low-margin short-term deposits at KBC Bank’s foreign branches – were stable quarter-on-quarter (with a shift from term deposits to savings accounts) and up 7% year-on-year.
    Operating expenses were up, since the bulk of the bank and insurance taxes for the full year are recorded – as usual – in the first quarter. Disregarding bank and insurance taxes, operating expenses fell by 8% quarter-on-quarter. Insurance service expenses also fell, as did loan loss impairment charges, resulting in a very favourable credit cost ratio of just 8 basis points for the quarter under review (16 basis points excluding the changes in the reserve for geopolitical and macroeconomic uncertainties).
    Our solvency position remained strong, with an unfloored fully loaded common equity ratio under Basel IV of 14.5% at the end of March 2025. Our liquidity position remained very solid too, as illustrated by an LCR of 157% and NSFR of 140%.

    On 8 May 2025, we paid a final dividend of 3.15 euros per share, bringing the total dividend for full-year 2024 to 4.85 euros per share. We also updated our dividend and capital deployment policy. As from 2025, we will pay a dividend of between 50% and 65% of our consolidated result, 1 euro of which will be paid in November as an interim dividend. We aim to remain amongst the better capitalised financial institutions in Europe. Each year, when announcing the full-year results, our Board will take a decision – at its discretion – on capital deployment. The focus will predominantly be on further organic growth alongside mergers and acquisitions. We see a 13% unfloored fully loaded common equity ratio as the minimum.

    Furthermore, KBC reached an agreement to acquire 98.45% of 365.bank in Slovakia based on a total value for 365.bank of 761 million euros. This investment will allow us to further strengthen our position in the Slovak market while closing the gap with the top three players in the banking sector. 365.bank is a retail-focused bank with subsidiaries in asset management and consumer finance and is very complementary to the business of KBC’s existing Slovak subsidiary ČSOB, leading to significant cost, revenue (cross-selling) and funding synergies. KBC will particularly strengthen its reach in retail banking as well as benefit from access to the unique client base and distribution network of 365.bank and its exclusive partnership with Slovak Post. Closure of the deal is subject to regulatory approval and will reduce our unfloored fully loaded common equity ratio by approximately 50 basis points upon closing, which is expected by the end of this year.

    Recent weeks have been characterised by unprecedented macro-economic (trade) uncertainty as a result of the US policy on trade tariffs and its repercussions on the financial markets. Nevertheless, we confirm our short-term and long-term financial guidance. Last but not least, I would like to express my sincerest gratitude towards our customers, employees, shareholders and all other stakeholders for their continued trust in our group.

    JohanThijs
    Chief Executive Office

    Attachments

    The MIL Network

  • MIL-OSI: Melexis Appoints Two New Directors to Its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Tessenderlo-Ham, Belgium – May 15, 2025

    Melexis NV (Euronext Brussels: MELE), a global supplier of micro-electronic semiconductor solutions, announces the appointment of two new members to the board of directors following the approval by the annual shareholders’ meeting held on May 13, 2025. The announcement of Ms. Ling Qi and Mr. Kazuhiro Takenaka underlines Melexis’ focused ambitions in the Asia-Pacific Region (APAC).

    Ms. Ling Qi has more than 20 years of international business management experience. Currently, she is CEO of two multimedia and animation film companies. Alongside this, she has been consulting for foreign invested companies in China, has extensive experience in the semiconductor industry as a board member for a European headquartered wafer foundry, and has served as a director of a Belgian private bank. Ms. Ling Qi holds a degree in international trade and English from the University of Liaoning, and obtained a certificate of Dutch at University of Antwerp.

    Mr. Kazuhiro Takenaka has a successful career of over 45 years in the semiconductor and electronics engineering industry in renowned companies such as Nissan Motor and Seiko Epson. In his role at Seiko Epson, Mr. Takenaka has also collaborated extensively with international stakeholders, working on partnerships with US companies and building relationships in markets across Europe, Asia, and the USA. He brings valuable insights and a diverse perspective to the Board, particularly in markets beyond automotive.

    This announcement brings the number of board members to seven with Ms. Françoise Chombar serving as chairwoman of the Board of Directors. The new board members will serve for a term of four years starting today and ending immediately after the annual shareholders’ meeting for the financial year ending on December 31, 2028. In addition to the two appointments of new directors, all other resolutions including the reappointment of two directors and the final dividend were approved by a clear majority of shareholders.

    Speaking about the appointments of two new directors, Ms. Chombar commented: “The Asia-Pacific area accounts for over 60% of Melexis’ total sales, with Greater China contributing nearly half of that. With the announcement of Ms. Ling Qi and Mr. Kazuhiro Takenaka, we welcome two highly experienced Asian business leaders whose insights and advice will be invaluable to Melexis implementing its strategic roadmap.”

    Please follow the link below to view Melexis’s latest annual report, which contains detailed information on its current business operations and strategic initiatives.

    About Melexis
    Melexis designs, develops, and delivers edge sensor and driver solutions with a heart for people and the planet. Its mission is to empower engineers to turn their ideas into applications that support the best imaginable future, one that is safe, comfortable, and sustainable.
    Melexis specializes in powertrain, thermal management, lighting, e-brake, e-steering, and battery solutions for the automotive sector. It also expands its presence in the emerging markets of a sustainable world, alternative mobility, robotics, and digital health.
    Founded in 1989 in Belgium, Melexis has grown to employ over 2,000 people in 12 countries, delivering cutting-edge technology to customers worldwide.
    For more information, visit www.melexis.com or follow Melexis on LinkedIn, and YouTube.
    Investors Contact:
    Philip Ludwig
    Investor Relations Director
    Tel: +32 499 41 88 91
    E-mail: plu@melexis.com 

    Media Contact:
    Tom Meynendonckx
    Corporate Communications Director
    Tel: +32 476 29 92 42
    E-mail: otm@melexis.com

    The MIL Network

  • MIL-OSI: SBM Offshore First Quarter 2025 Trading Update

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, May 15, 2025

    Highlights

    • Year-to-date Directional1 revenue of US$1,103 million, up 27% versus 1Q 2024
    • Full year 2025 Directional revenue and EBITDA guidance maintained
    • Cash dividend of EUR150 million (equivalent to EUR0.8606 per ordinary share) paid on May 6, 2025
    • EUR141 million share repurchase program on track, c. 6.75% completed2
    • First oil for FPSO Almirante Tamandaré, FPSOs Alexandre de Gusmão & ONE GUYANA on track for first oil
    • Strategic Collaboration Agreement signed with Microsoft to develop carbon-free floating power solutions
    • Completion of the US$400 million sale and leaseback transaction for FPSO Cidade de Paraty
    • Refinancing and increase to US$1.1 billion of the unsecured revolving credit facility

    Øivind Tangen, CEO of SBM Offshore, commented:

    “Our first quarter results, along with our full year Directional revenue and EBITDA guidance, highlight the Company’s strong performance across all segments. They also demonstrate the resilience of our business model and our ability to navigate macroeconomic uncertainty with confidence.

    Our pro-forma Directional backlog of US$35.1 billion3 is backed by firm contracts from premium clients with inflation protection. From this we expect to generate US$9.5 billion3. We paid a cash dividend of EUR150 million in May and commenced our latest share buyback program of EUR141 million. We continue to expect that we will deliver a minimum US$1.7 billion cash return to shareholders up to 20304.

    We are on track to deliver three major vessels this year: FPSO Almirante Tamandaré achieved first oil in February 2025; FPSO Alexandre de Gusmão is progressing to achieve first oil around mid-year, while FPSO ONE GUYANA has arrived safely in Guyana. And we are set to be able to offer a near zero market-ready FPSO by the end of 2025.

    The fundamentals for deepwater developments, with low break-even costs and low emission intensity remain strong. Our Fast4Ward® program and lifecycle approach mean that we are uniquely positioned to capitalize on the strong outlook for new developments.

    Building on our ocean infrastructure expertise and capabilities, with the objective of diversifying our product offering in promising markets, we recently signed a strategic collaboration agreement with Microsoft to develop standardized carbon-free floating power solutions.

    We have demonstrated our ability to access diversified sources of financing through the successful completion in April of the US$400 million sale and leaseback transaction for FPSO Cidade de Paraty. Reflecting the strong support for the Company’s strategy, we have successfully refinanced and increased to US$1.1 billion our unsecured revolving credit facility.

    We are confident in our ocean infrastructure experience and the expert capabilities of our teams. Our strategy delivers and it pays.”

    Financial Overview5

        YTD Directional
             
    in US$ million   1Q 2025 1Q 2024 % Change
    Directional Revenue   1,103 871 27%
    Directional Lease and Operate   476 554 -14%
    Directional Turnkey   627 316 98%
             
    in US$ billion   Mar-31-25 Dec-31-24 % Change
    Directional Net Debt    5.7 5.7 0%

    Directional revenue increased by 27% to US$1,103 million in the first quarter of 2025, compared with US$871 million in the same period last year, driven by the Turnkey segment.

    Year-to-date Directional Turnkey revenue stood at US$627 million, a 98% improvement compared with US$316 million in the same period last year. This increase mainly reflects the progress on FPSO GranMorgu and FPSO Jaguar, booked under the sale and operate model.

    Directional Lease and Operate revenue amounted to US$476 million in the first quarter of 2025, below the US$554 million booked in the same period last year reflecting (i) the sale in 4Q 2024 of FPSOs Prosperity and Liza Destiny, partially offset by (ii) higher reimbursable scope and (iii) FPSO Almirante Tamandaré joining the fleet in February 2025.

    Directional net debt is stable and stood at US$5,663 million for the period ending 1Q 2025.

    Project Review and Fleet Operational Update

    Driven by execution excellence, the Company is on track to bring three FPSOs into operation in 2025 with FPSO Almirante Tamandaré formally on hire as of February 16, 2025, FPSO Alexandre de Gusmão preparing for first oil and FPSO ONE GUYANA targeting first oil in the third quarter of 2025.

    FPSO Alexandre de Gusmão – In March 2025, the FPSO arrived safely at its location in Brazil. The FPSO hook-up and installation has been completed. First oil is expected around mid-2025.

    FPSO ONE GUYANA – The vessel arrived safely in Guyana and the installation and hook-up campaign is progressing. First oil is targeted for the third quarter of 2025.

    FPSO Jaguar – The Fast4Ward® MPF hull has been delivered. The topside modules’ fabrication progress is as per plan. First oil is expected in 2027.

    FSO Trion – The engineering and procurement progress is as per plan. The fabrication of the Disconnectable Turret Mooring system has started.

    FPSO GranMorgu – The Fast4Ward® MPF hull has been delivered. The commencement of the topside modules fabrication is planned for the second half of the year.

    Fast4Ward®MPF hulls – Under the Company’s successful Fast4Ward® program, ten MPF hulls have been ordered. Four Fast4Ward® MPF hulls are in operation, another four delivered and allocated to projects under construction and two are under construction to support active discussions with clients driven by the strong FPSO market outlook.

    Fleet Uptime – Year-to-date, the fleet’s uptime was 99.5%, in line with historical performance.

    Safety 

    Safety – There were zero Fatalities or Permanent Impairment Injuries in the first quarter of 2025, within the full year target of zero.

    Blue Economy

    Strategic Collaboration Agreement with Microsoft – SBM Offshore signed a strategic collaboration agreement with Microsoft in March 2025. This partnership’s objective is to develop standardized, scalable, AI-powered Ocean Infrastructure in the growing market of floating power solutions providing carbon-free electricity. The first phase of this collaboration will focus on deploying floating gas-to-power solutions with integrated carbon capture and storage in the UK and Norway, leveraging SBM Offshore’s collaboration with Norwegian company Ocean-Power AS.

    Near Zero Emission FPSO – In line with the Company’s strategy to decarbonize traditional energy production, an important milestone has been reached in the emissionZERO® road map, which aims at proposing a near zero FPSO to the market by the end of 2025. Reflecting the Company’s solid progress, SBM Offshore has received an “Approval in Principle” from the American Bureau of Shipping for its near zero FPSO design.

    Shareholder Returns

    On April 9, 2025 shareholders of the Company voted in favor of the proposed EUR150 million cash dividend. This resulted in a dividend distribution of EUR0.8606 per ordinary share. The dividend has been paid on May 6, 2025 to all shareholders of record as at April 14, 2025.

    The Company started a new program of EUR141 million as announced on February 20, 2025 and effective from April 24, 2025. The program is progressing and was c. 6.75% completed on May 14, 2025.

    On this basis a minimum US$1.7 billion cash return to shareholders is expected up to 20304.

    Guidance

    The Company’s 2025 Directional revenue guidance is maintained at above US$4.9 billion of which above US$2.2 billion is expected from the Lease and Operate segment and around US$2.7 billion from the Turnkey segment.

    2025 Directional EBITDA guidance is maintained at around US$1.55 billion for the Company.

    Conference Call

    SBM Offshore has scheduled a conference call, which will be followed by a Q&A session, to discuss the First Quarter 2025 Trading Update.

    The event is scheduled for Thursday May 15, 2025, at 10.00 AM (CEST) and will be hosted by Øivind Tangen (CEO) and Douglas Wood (CFO).

    Interested parties are invited to register prior the call using the link: First Quarter 2025 Trading Update

    Please note that the conference call can only be accessed with a personal identification code, which is sent to you by email after completion of the registration.

    Corporate Profile

    SBM Offshore is the world’s deepwater ocean-infrastructure expert. Through the design, construction, installation, and operation of offshore floating facilities, we play a pivotal role in a just transition. By advancing our core, we deliver cleaner, more efficient energy production. By pioneering more, we unlock new markets within the blue economy.

    More than 7,800 SBMers collaborate worldwide to deliver innovative solutions as a responsible partner towards a sustainable future, balancing ocean protection with progress.

    For further information, please visit our website at www.sbmoffshore.com.

    Financial Calendar   Date Year
    Half Year 2025 Earnings   August 7 2025
    Third Quarter 2025 Trading Update   November 13 2025
    Full Year 2025 Earnings   February 26 2026
    Annual General Meeting   April 15 2026
    First Quarter 2026 Trading Update   May 7 2026

    For further information, please contact:

    Investor Relations

    Wouter Holties
    Corporate Finance & Investor Relations Manager

    Media Relations

    Giampaolo Arghittu
    Head of External Relations

    Market Abuse Regulation
    This press release may contain inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Disclaimer
    Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those in such statements. These statements may be identified by words such as ‘expect’, ‘should’, ‘could’, ‘shall’ and / or similar expressions. Such forward-looking statements are subject to various risks and uncertainties. The principal risks which could affect the future operations of SBM Offshore N.V. are described in the ‘Impacts, Risks and Opportunities’ section of the 2024 Annual Report.

    Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results and performance of the Company’s business may vary materially and adversely from the forward-looking statements described in this release. SBM Offshore does not intend and does not assume any obligation to update any industry information or forward-looking statements set forth in this release to reflect new information, subsequent events or otherwise.

    This release contains certain alternative performance measures (APMs) as defined by the ESMA guidelines which are not defined under IFRS. Further information on these APMs is included in the 2024 Annual Report, available on our website Annual Reports – SBM Offshore.

    Nothing in this release shall be deemed an offer to sell, or a solicitation of an offer to buy, any securities. The companies in which SBM Offshore N.V. directly and indirectly owns investments are separate legal entities. In this release “SBM Offshore” and “SBM” are sometimes used for convenience where references are made to SBM Offshore N.V. and its subsidiaries in general. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

    “SBM Offshore®“, the SBM logomark, “Fast4Ward®”, “emissionZERO®” and “F4W®” are proprietary marks owned by SBM Offshore.


    1 Directional reporting, presented in the Financial Statements under section Operating Segments and Directional Reporting, represents a pro-forma accounting policy, which treats all lease contracts as operating leases and consolidates all co-owned investees related to lease contracts on a proportional basis based on percentage of ownership. This explanatory note relates to all Directional reporting in this document.
    2 As of May 14, 2025.
    3 As of December 31, 2024.
    4 Including cash returned to shareholders in 2025.

    5 Numbers may not add up due to rounding.

    Attachment

    The MIL Network

  • MIL-OSI: Best Online Casinos: 7Bit Casino Ranked #1 Top Online Casino Real Money With Extensive Games & Huge Bonuses!

    Source: GlobeNewswire (MIL-OSI)

    CHARLESTON, S.C., May 15, 2025 (GLOBE NEWSWIRE) — The online casino industry is booming, with a projected growth rate of 11.9% from 2025 to 2030, driven by high-speed internet and smartphone adoption. Amid this vibrant landscape, players are choosing the best online casinos, each promising excitement and rewards.

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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/78181f9b-d489-44f2-8d78-ff15563403a7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e860d5f7-68bd-427d-b678-c38a92e20bac

    https://www.globenewswire.com/NewsRoom/AttachmentNg/83724787-a980-4bfc-9e83-3f3227b398c9

    The MIL Network

  • MIL-OSI: J&T Finance Group and KBC announce strategic acquisition of 365.bank by KBC, expanding its presence in Slovakia and Central and Eastern Europe

    Source: GlobeNewswire (MIL-OSI)


    On May 14, J&T Finance Group SE, based in the Czech Republic and the majority shareholder of 365.bank a.s. and KBC Bank NV reached an agreement for KBC to acquire a 98.45% stake in 365.bank (in cash), based on a total value for 365.bank of EUR 761 million. The transaction is subject to relevant regulatory and anti-trust approvals and is expected to close by the end of this year.

    365.bank, a commercial bank in Slovakia, holds a 3.7% market share by assets as of December 20241 with a notable strength in retail banking. Acquiring 365.bank would strengthen KBC in Slovakia ensuring KBC’s reference status across all Central and Eastern European countries of presence.

    The transaction price represents a 1.4x multiple of the December 2024 book value of 365.bank and a 9.4x P/E based on the average net profit of 365.bank from 2022 to 2024. The transaction price is subject to limited closing adjustments. This transaction price accurately reflects the quality of 365.bank, including its client base, employee professionalism, profitability, and potential synergies. The acquisition will have a limited impact on KBC’s capital position (approximately -50 basis points on KBC’s unfloored fully loaded CET-1 ratio) upon closing, which remains very solid keeping KBC’s CET1 ratio well above regulatory minimum capital requirements. 

    Completion of the transaction is subject to regulatory and anti-trust approval and is expected by the end of 2025.  

    Pending such approval of the closure of the deal and the post-completion integration of the entities into KBC’s Slovakian operations, 365.bank will continue to honour its commitments to the market while continuing to provide professional service of the highest quality to its customers.

    The combination of ČSOB and 365.bank will establish a strong banking group in Slovakia, whereby 365.bank’s unique distribution model, supported by its long-standing partnership with Slovak Post, will allow KBC to significantly expand ČSOB’s customers reach across Slovakia. The acquisition of 365.bank will boost the scale of mainly retail operations, commanding (as of December 2024) an approximately 20% market share in both net retail loans and mortgages1.

    Based on the group bank-insurance model, other entities of the ČSOB Financial Group, will also benefit from the acquisition through the cross-selling of products and services to 365.bank’s retail customer base.

    Johan Thijs, CEO of KBC Group, said: “Our goal has always been and remains to strengthen our presence in Central and Eastern Europe. In Slovakia, which is one of our key markets, KBC has been growing steadily through both organic growth and acquisitions over the last 20 years. We are known for being innovative and stable, and we aim to provide our customers with safe, reliable, and personalized financial services. Today, we are proud to announce the acquisition of 365.bank in Slovakia. Through this acquisition, we strengthen our geographical diversification, we continue to build market leadership in Slovakia and boost our profitability. By combining our local ČSOB entities with 365.bank, we can offer even better customer service with innovative products and digital solutions alongside personalized service. We look forward to building the future for our customers and employees in Slovakia.”

    Peter Andronov, CEO of KBC Group’s International Markets Business Unit added: “In Slovakia, much like in other CEE countries where KBC is present, we are actively exploring sizeable synergies and integrated operations of our various financial entities. We cooperate actively and systematically within the region and the group, allowing our Slovak team to implement the best practices, technologies, and processes for our customers’ benefit. We are looking forward anxiously to welcome the customers and staff of 365.bank to the big family of KBC Group soon.”

    Daniel Kollár, CEO of ČSOB Bank Slovakia and country manager noted: “It is not so long ago that we merged with OTP Bank Slovakia and less than two decades ago with Istrobanka. This, the third bank acquisition in a row, means for us a future join with a significant player that is largely shaping the Slovak banking market with an emphasis on customer orientation and innovative solutions. This is fully in line with our strategy of bringing solutions with the goal of being relevant to the everyday lives of customers in the digital era. I am glad that we will be able to introduce our smart world to an even wider group of customers and today is a day that underlines our efforts. I am convinced that a combination of ČSOB and 365.bank will benefit not only the customers of both companies but will also bring an opportunity for colleagues from both companies to participate in the successful projects that are ahead of us.”

    Patrik Tkáč, co-founder of J&T Finance Group SE, the majority shareholder of 365.bank, states:
    “Since 2013, when 365.bank (formerly Postal bank) became part of our banking group, it has undergone a significant transformation. Today, it stands as a stable, fully digital, and modern retail bank with an irreplaceable position in the Slovak market. We hold deep appreciation for all of its employees and clients, which is why the future of the bank remains of the utmost importance to us. ČSOB Bank and its parent company, KBC Group, are our long-standing and trusted business partners. For this reason, I am confident that we are passing the bank into the right hands. I firmly believe that the sale of 365.bank will, in time, be well understood in the context of JTFG Group’s substantial development plans.“ 

    Andrej Zaťko, CEO and co-owner of 365.bank, adds: “365.bank and Postal bank carry with them a legacy of both deep history and modern transformation. This is a story of change and renewal within the banking sector—one that is truly without precedent in our region—and it is only natural that it attracted the attention of international investors. Since its inception, 365.bank has quickly emerged as a true challenger in the Slovak banking market. Today, the bank is delivering the strongest results in its history and continues on a growth trajectory. Throughout this period, we have brought fresh energy into the market, led important innovations, and helped intensify competition—enabling our clients to benefit from attractive products and services. The acquisition by KBC Group opens up a new horizon of opportunities for the bank and its clients, backed by a robust and experienced shareholder base.”

    About 365.bank
    365.bank is a retail-exposed bank with strong financial profile and a unique distribution network. 365.bank is a commercial bank with full range of products and particularly strong focus on retail customers.
    365.bank was first introduced in 2018 as fully digital bank and in 2021 it was combined with Postal bank, taking over its portfolios and branches throughout Slovakia.
    Currently, bank operates as a universal bank offering wide range of services and products to individuals as well as for corporates under two brands (365.bank and Postal bank) with different distribution models and client base for both operations. 365.bank is digital bank that caters to younger, urban mass/affluent segment, focusing on digital banking via mobile and online platforms, serving as the primary channel for new client acquisition. Postal bank targets mass and low mass customer segments in all towns with over 1,500 residents and benefits from long-standing cooperation with Slovak Post to distribute banking products through >1,400 points of sale in total.
    As of Dec-24, 365.bank had total assets of €4.7bn and shareholders’ equity of €551mm, as well as a headcount of 1,292 employees, serving ~830k customers via 57 branches of 365.bank, 105 sales points of Postal bank in Slovak Post branches  and >1,300 sales points in each branch of Slovak Post.

    About KBC’s presence in Slovakia
    Belgium-based KBC Bank NV is the parent company and sole shareholder of Československá obchodná banka (ČSOB). ČSOB is a leading Slovak bank boasting over 50 years of tradition. It is one of the most significant and strongest banking entities on the Slovak market. As a universal bank, it provides services to all customer segments, i.e.  retail, the self-employed, SMEs, corporate customers, as well as institutional and private clients. The bank is a member of the ČSOB Financial group, which also includes ČSOB Leasing, ČSOB Advisory, ČSOB Real, and ČSOB Nadácia (foundation). ČSOB Poisťovňa (insurance company) is an affiliate of ČSOB.
    The acquisition of 365.bank aligns with KBC’s strategic focus on both organic and inorganic growth in Slovakia, as evidenced by the acquisition of Slovak OTP Bank in 2021.  

    About J&T Group
    The J&T Finance Group focuses on providing comprehensive services related to private banking, retail banking, asset management for private clients and institutions, investment banking and project financing. It also provides services in the areas of administration, human resources, accounting, consolidation and tax consultancy. It develops its services primarily in the markets of the Czech and Slovak Republics, Croatia and Germany. More information at www.jtfg.com

    For more information, please contact:

    Kurt De Baenst, General Manager, Investor Relations, KBC Group
    Tel. + 32 2 429 35 73  – IR4U@kbc.be

    Katleen Dewaele, General Manager, Corporate Communications, KBC Group
    Tel. +32 475 78 08 66 – pressofficekbc@kbc.be

    1 Source: Company information, National bank of Slovakia

    Attachment

    The MIL Network

  • MIL-OSI New Zealand: Have your say on the Ngāti Hāua Claims Settlement Bill

    Source:

    The bill seeks to give effect to certain matters contained in Te Pua o Te Riri Kore, the Ngāti Hāua deed of settlement of historical claims.

    Te Pua o Te Riri Kore was signed on 29 March 2025 by the Crown, the Ngāti Hāua Iwi Trust (the mandated entity for Ngāti Hāua), and Te Whiringa Kākaho o Ngāti Hāua (the post-settlement governance entity for Ngāti Hāua). It is an agreement between Ngāti Hāua and the Crown that seeks to settle historical Treaty of Waitangi claims. It addresses breaches including loss of land, economic opportunities, and cultural disenfranchisement.

    Ngāti Hāua will receive an apology from the Crown along with acknowledgments of its breaches of te Tiriti o Waitangi—the Treaty of Waitangi. It will receive cultural redress that includes the return of 64 culturally significant sites and a $6-million cultural revitalisation fund. The iwi will also receive a range of financial and commercial redress that includes property purchasing rights and rights of first refusal.

    Tell the Māori Affairs Committee what you think

    Make a submission on the bill by 11.59pm on 24 June 2025.

    For more details about the bill:

    ENDS

    For media enquiries contact:

    Committee staff

    ma@parliament.govt.nz

    MIL OSI

    MIL OSI New Zealand News

  • MIL-OSI New Zealand: Government-Iwi partnership building East Coast homes

    Source: NZ Music Month takes to the streets

    Te Tai Rāwhiti – East Coast whānau will enjoy greater access to modern housing thanks to a Government-Iwi partnership that will deliver 150 affordable homes, Associate Housing Minister Tama Potaka says.
    The Government is partnering with East Coast Iwi collective Toitū Tairāwhiti in a $75 million development that will deliver 150 affordable rentals in Gisborne, providing warm, dry, sustainable homes in a high-needs region for housing. The Government is contributing $49 million, and the Iwi collective is contributing the rest.
    “The Tūranga Tangata Rite development today contributes to the Government’s wider $200 million commitment, announced in February, to deliver at least 400 affordable rental homes for Māori across key regions,” Mr Potaka says.
    “The new Te Tairāwhiti houses, as well as being affordable rentals, will be warm, dry, and sustainable, designed for whānau to live well. With multigenerational layouts, shared communal spaces, and energy-efficient materials, these homes reflect tikanga Māori and are built to support wellbeing. They will also help get people out of temporary accommodation and into homes.
    Mr Potaka says the project will also support local workforce development, with a strong emphasis on creating opportunities for Māori tradespeople and apprentices, supporting long-term employment pathways and regional economic resilience.

    “Many of the 150 homes we are announcing today will be constructed right here in Tairāwhiti, meaning local jobs with local businesses, and a growing local economy. These are homes for whānau, built by whānau.

    “The development also tackles housing shortages in the region. Te Tairāwhiti has one of the highest levels of housing need in the country. Together with iwi, we are delivering the scale of housing that whānau deserve to address shortages and create opportunity.

    “On top of this, partnering with land-owning Māori housing providers, and iwi collectives like Toitū Tairāwhiti, to build more affordable housing for Māori, makes sense. 

    “Through these partnerships, the Māori entities bring land and a minimum of 50 percent funding on the house build costs, meaning the Government can optimise its spending to enable more homes to be delivered in areas with high housing deprivation for Māori like the East Coast, Hawke’s Bay, Bay of Plenty, and Northland.”
    Since November 2023, the Government has enabled the delivery of 1,000 homes through the Māori Housing programme. All the homes should be completed by mid-2027. The 150 homes in the Te Tairāwhiti development are scheduled to be completed by the end of December 2026.
     
    Notes to editor:

    Toitū Tairāwhiti Housing Ltd is a partnership between a collective of Ngai Tamanuhiri, Rongowhakaata, Te Aitanga a Mahaki and Ngati Porou, plus neighbouring iwi partners in the Bay of Plenty, Te Whanau-a-Apanui and Te Whakatōhea.

    The Government will be contributing $48.75 million from the $200 million announced in February 2025 to enable 400 affordable rental homes targeted to supporting Māori land-owning entities to deliver more affordable rentals. Toitū Tairāwhiti will providing the remaining $26.25 million.

    The homes will be manufactured off-site at two facilities, Builtsmart in Huntly and the other in Gisborne in a joint venture between Builtsmart and Toitū Tairāwhiti. This method allows the homes to be built quickly and then transported to site.

    MIL OSI New Zealand News

  • Trump secures $243.5 billion in economic deals during Qatar visit

    Source: Government of India

    Source: Government of India (4)

    US President Donald J. Trump signed a landmark agreement with Qatar on Wednesday to generate an economic exchange worth at least $1.2 trillion, highlighting his second stop in a high-profile Middle East tour. During the visit, Trump announced economic deals totaling more than $243.5 billion between the United States and Qatar, including a historic sale of Boeing aircraft and GE Aerospace engines to Qatar Airways.

    The centerpiece of these agreements is Qatar Airways’ purchase of 160 Boeing jets worth $200 billion, signed in Doha in the presence of Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani. Boeing and GE Aerospace secured a landmark order from Qatar Airways, including a $96 billion agreement to acquire up to 210 American-made Boeing 787 Dreamliner and 777X aircraft powered by GE Aerospace engines. This represents Boeing’s largest-ever widebody order and largest-ever 787 order, supporting an estimated 154,000 U.S. jobs annually, amounting to over one million jobs during the production and delivery period.

    The agreements extend beyond aviation into energy, defense, and technology sectors. McDermott continues its strong partnership with Qatar Energy, currently managing seven active projects worth $8.5 billion as the sole provider of offshore components for Qatar’s major LNG expansion. Engineering firm Parsons has secured 30 projects worth up to $97 billion, while Quantinuum has finalized a joint venture agreement with Al Rabban Capital that will see Qatar invest up to $1 billion in quantum technologies.

    Significant defense deals were also announced during the visit. Raytheon secured a $1 billion agreement for Qatar’s acquisition of counter-drone capabilities, establishing Qatar as the first international customer for Raytheon’s Fixed Site – Low, Slow, Small Unmanned Aerial System Integrated Defeat System. General Atomics secured a nearly $2 billion agreement for Qatar’s acquisition of the MQ-9B remotely piloted aircraft system. Additionally, the United States and Qatar signed a statement of intent outlining over $38 billion in potential investments, including support for Al Udeid Air Base and future defense capabilities.

    Qatar, which holds the world’s third-largest proven reserves of natural gas, has already made substantial investments in American energy infrastructure. Since 2019, QatarEnergy has invested $18 billion in the U.S. energy sector, including ExxonMobil’s Golden Pass LNG Terminal ($10 billion) and Chevron Phillips Chemical’s Golden Triangle Polymers Plant ($8 billion), both located on the Texas Gulf Coast.

    The United States maintained a $2 billion trade surplus with Qatar in 2024, continuing a positive trade balance that has existed since 2003. Last year, U.S.-Qatar trade totaled $5.64 billion, with $3.8 billion in U.S. exports and $1.8 billion in Qatari imports. Qatar’s greenfield investment in the United States totaled $3.3 billion in 2023, focused on hotels and tourism, information technology, advanced manufacturing, financial services, and oil and gas.

    This visit’s agreements build on the $600 billion investment commitment Trump secured in Saudi Arabia during the first leg of his Gulf tour, furthering his administration’s efforts to revitalize American manufacturing and create high-paying jobs across the nation.

  • MIL-OSI Australia: More jobs, low unemployment and lower inflation under Labor

    Source: Australian Parliamentary Secretary to the Minister for Industry

    The Albanese Labor Government continues to deliver more jobs, with ABS Labour Force data today showing a record number of Australians in paid work and unemployment remaining low.

    It is the only time since records began that the unemployment rate has been in the low 4s concurrently with headline and underlying inflation in the RBA’s target band.

    The number of employed people in Australia has reached 14,642,700 with 64.4 per cent of the population now in a job and the participation rate is at 67.1 per cent, both near record highs.

    The unemployment rate remains low at 4.1 per cent, and a total of 89,000 new jobs were created in April.

    This is another very encouraging set of jobs data which shows the progress we are making together in our economy.

    More than 1.1 million jobs have now been created under the Albanese Government, a higher rate of employment growth than any major advanced economy.

    Full‑time work was up by 59,500. The number of women in work was up by 65,300 jobs.

    Today’s jobs figures follow data yesterday showing annual real wages have grown for 18 consecutive months.

    Inflation is down, real wages are up, unemployment is low, interest rates have started to fall, every taxpayer is getting a tax cut and all this means living standards are growing again.

    Minister for Employment and Workplace Relations Amanda Rishworth welcomed the jobs growth.

    “Under Labor, more people are working, earning more and keeping more of what they earn,” Minister Rishworth said.

    “Delivering more jobs and higher wages is one of the best ways we can support Australians with cost‑of‑living pressures.”

    Treasurer Jim Chalmers said the resilient labour market is helping us weather global uncertainty.

    “Amid all the uncertainty and volatility in the global economy, our labour market remains an encouraging source of strength,” Treasurer Chalmers said.

    “Low unemployment and much lower inflation is a remarkable combination and means we are well placed and well prepared for the challenges coming at us from abroad.”

    MIL OSI News

  • MIL-OSI New Zealand: Social Security Amendment Bill passes into law

    Source: NZ Music Month takes to the streets

    The Social Security Amendment Bill has passed its third reading in Parliament today expanding the welfare Traffic Light System that launched in August 2024. 

    “This bill brings new tools to ensure beneficiaries stay on track with their obligations to find or prepare for work if they are able”, Social Development and Employment Minister Louise Upston. 

    From 26 May 2025, two new non-financial sanctions can be imposed. Rather than reducing a benefit, these non-financial sanctions are: 

    • Money Management – where half of someone’s benefit is put onto an MSD payment card that can only be used in approved shops to buy essential items, such as groceries, transport, healthcare-related items, and education-related items. This will be for a four-week period.
       
    • Community Work Experience – where someone will have up to two weeks to find suitable work experience and is required to participate in a placement at one or more community or voluntary organisations for at least five hours per week for four weeks.

    From 20 October, two more non-financial sanctions will be implemented: 

    • Upskilling – Jobseekers will be required to attend and participate, to MSD’s satisfaction, in one or more employment-related training courses or programmes for a minimum of five hours per week over a four-week period.
       
    • Report Job Search – Jobseekers must undertake at least three job-search activities per week, to MSD’s satisfaction, and report on them weekly over a four-week period.

    Also from 26 May 2025 new policy settings will be put in place: 

    • Applicants for certain benefits, and their partners if relevant, will be required to have a completed Jobseeker Profile before they can be granted a benefit.
       
    • New obligation failures will carry over for two years rather than one, increasing the likelihood that those who repeatedly refuse to comply with their obligations will have their benefit cancelled if they remain on it for more than a year.

    From 1 July 2025, Jobseeker Support clients must reapply for their benefit every 26-weeks (currently 52-weeks). This will require clients to engage with MSD more frequently, allowing for more proactive support and a focus on moving people into employment where they can. 

    “These changes will support more people into work and help achieve the Government’s target of having 50,000 fewer people on Jobseeker Support by 2030, which is forecast to save the country over two billion dollars in welfare payments,” Louise Upston says. 

    “Because we believe having a job is the best way for people to lift themselves and their families out of hardship, the Government is setting a clear expectation that those who can work, should work.

    “Our economy is stronger when more people are in work, and as we look to unleash economic growth, it’s important that as many Kiwis as possible share in the benefits of work.” 

    MIL OSI New Zealand News

  • MIL-OSI Economics: Money Market Operations as on May 14, 2025

    Source: Reserve Bank of India


    (Amount in ₹ crore, Rate in Per cent)

      Volume
    (One Leg)
    Weighted
    Average Rate
    Range
    A. Overnight Segment (I+II+III+IV) 5,74,116.64 5.68 0.01-6.80
         I. Call Money 19,557.00 5.84 4.90-5.90
         II. Triparty Repo 3,62,119.65 5.71 5.65-5.80
         III. Market Repo 1,90,641.99 5.60 0.01-6.00
         IV. Repo in Corporate Bond 1,798.00 5.94 5.89-6.80
    B. Term Segment      
         I. Notice Money** 149.71 5.81 5.50-5.90
         II. Term Money@@ 470.00 6.00-6.14
         III. Triparty Repo 1,920.00 5.82 5.75-5.85
         IV. Market Repo 385.34 5.33 2.50-6.05
         V. Repo in Corporate Bond 0.00
      Auction Date Tenor (Days) Maturity Date Amount Current Rate /
    Cut off Rate
    C. Liquidity Adjustment Facility (LAF), Marginal Standing Facility (MSF) & Standing Deposit Facility (SDF)
    I. Today’s Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo          
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo Wed, 14/05/2025 1 Thu, 15/05/2025 5,341.00 6.01
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo          
         (b) Reverse Repo          
    3. MSF# Wed, 14/05/2025 1 Thu, 15/05/2025 175.00 6.25
    4. SDFΔ# Wed, 14/05/2025 1 Thu, 15/05/2025 2,22,868.00 5.75
    5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*       -2,17,352.00  
    II. Outstanding Operations
    1. Fixed Rate          
    2. Variable Rate&          
      (I) Main Operation          
         (a) Repo Fri, 02/05/2025 14 Fri, 16/05/2025 149.00 6.01
         (b) Reverse Repo          
      (II) Fine Tuning Operations          
         (a) Repo          
         (b) Reverse Repo          
      (III) Long Term Operations^          
         (a) Repo Thu, 17/04/2025 43 Fri, 30/05/2025 25,731.00 6.01
         (b) Reverse Repo          
    3. MSF#          
    4. SDFΔ#          
    D. Standing Liquidity Facility (SLF) Availed from RBI$       7,718.43  
    E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     33,598.43  
    F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -1,83,753.57  
    G. Cash Reserves Position of Scheduled Commercial Banks
         (i) Cash balances with RBI as on May 14, 2025 9,31,971.83  
         (ii) Average daily cash reserve requirement for the fortnight ending May 16, 2025 9,41,653.00  
    H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ May 14, 2025 5,341.00  
    I. Net durable liquidity [surplus (+)/deficit (-)] as on April 18, 2025 2,02,749.00  
    @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
    – Not Applicable / No Transaction.
    ** Relates to uncollateralized transactions of 2 to 14 days tenor.
    @@ Relates to uncollateralized transactions of 15 days to one year tenor.
    $ Includes refinance facilities extended by RBI.
    & As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
    Δ As per the Press Release No. 2022-2023/41 dated April 08, 2022.
    * Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo-SDF.
    ¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
    # As per the Press Release No. 2023-2024/1548 dated December 27, 2023.
    ^ As per the Press Release No. 2025-2026/91 dated April 11, 2025.
    Ajit Prasad          
    Deputy General Manager
    (Communications)    
    Press Release: 2025-2026/325

    MIL OSI Economics

  • MIL-OSI Russia: /Economic Review/ From a “transit station” to an “industrial hub” – the development path of the largest land checkpoint on the Chinese-Russian border, Manzhouli

    Translation. Region: Russian Federal

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

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

    HOHHOT, May 15 (Xinhua) — Early in the morning, on the production line of Manzhouli Xinfeng Grain and Oil Industry Co., Ltd., newly imported rapeseed from Russia goes through automated peeling and pressing processes, and golden vegetable oil smoothly fills tanks.

    Manzhouli Port (Inner Mongolia Autonomous Region, North China), the largest land port on the Sino-Russian border, takes advantage of its geographical advantages and innovative policy mechanisms to actively develop new models of economic cooperation through deep processing of agricultural products and used car exports.

    “As soon as this batch of raw materials cleared customs, we immediately launched 24-hour production,” said Deputy General Director Yang Zhihong. Russian rapeseed oil with low acidity and a high smoke point is in particular demand among Chinese producers. The “Russian raw materials – Chinese processing” model facilitates the transition of local enterprises from trade to deep processing.

    According to Yang Zhihong’s calculations, using cross-border trade can save 500 yuan per ton of raw materials, and since last year, it has managed to save over 8 million yuan. Since November 2024, his company has imported 16,000 tons of raw materials from Russia, worth a total of 70 million yuan.

    In the face of tight raw material supply, Manzhouli Xinfeng has recently upgraded its equipment, launched oatmeal production and expanded its production area. “We are focusing on product diversification,” said Yang Zhihong. Last year, his company’s processing volume reached 120,000 tons, 70 percent of its products were supplied to central and western China, and its total profit and tax revenue exceeded 64 million yuan.

    Since the beginning of 2025, the transaction volume in the China-Russia border trade zone in Manzhouli has exceeded 100 million yuan. More than 3,600 local residents are involved in this activity, earning a total income of over 1 million yuan and generating 2 million yuan in tax revenue.

    A used car export showroom in Manzhouli displays neatly polished cars. Liu Dongge, a person in charge of Sanhe, said his company has exported more than 300 cars to Russia.

    So far, 18 companies in Manzhouli have obtained licenses to export used cars, with the total transaction volume of these companies exceeding 300 million yuan. “Manzhouli exported 1,540 cars in 2024, and 764 in the first four months of 2025,” said Bai Zhiping, an official with the Manzhouli City Commerce Bureau.

    In the first quarter of 2025, the cargo throughput through Manzhouli Port was 6.531 million tons, up 10.6 percent year-on-year, and the trade turnover reached 47.67 billion yuan, up 6.1 percent year-on-year.

    From a “transit station” to an “industrial hub,” from deep processing of agricultural products to the export of used cars, Manzhouli’s evolution demonstrates that a modern border economy is built not just on logistics, but also on the deep integration of production, service and innovation chains. -0-

    MIL OSI Russia News

  • MIL-OSI Russia: The State Committee for Reconstruction and Development held a symposium with the participation of non-state enterprises to hear their views on the economic situation

    Translation. Region: Russian Federal

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

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

    BEIJING, May 15 (Xinhua) — China’s National Development and Reform Commission (NDRC) on Wednesday held a symposium with non-state-owned enterprises to collect their views on the current economic situation and the implementation of policies to stabilize employment and the economy.

    At the symposium, which was chaired by the head of the State Committee for Development and Reconstruction and Development Zheng Shanjie, participants shared their views on the activities of the industry and put forward proposals to stimulate high-quality development of the non-state sector of the economy.

    Representatives of non-state enterprises noted an increase in their ability to counter external risks, emphasizing that they pay special attention to innovation, market diversification and stability of economic activity.

    Despite the complex and volatile external environment, the participants of the symposium expressed confidence in the long-term prospects of enterprises. They noted that the adoption of the Law on the Promotion of the Development of the Non-State Sector of the Economy is considered an important milestone in strengthening legal guarantees for the sector.

    The participants of the symposium proposed to define the priority of support for the non-state sector of the economy in the 15th five-year plan /2026-2030/.

    Zheng Shanjie stressed the need to align macroeconomic policies with the needs of micro entities, promising to improve the ongoing mechanisms for interaction and exchange between the government and enterprises.

    He also promised to speed up the implementation of the developed policies and solve practical difficulties and problems related to the specific sector, and make efforts to stabilize employment, enterprises, the market and expectations.

    The SCRR will advance the development of the 15th Five-Year Plan and ensure effective implementation of policy support measures for non-state enterprises, the official added. -0-

    MIL OSI Russia News

  • Putin, Trump to skip Ukraine’s peace talks that Russian leader proposed

    Source: Government of India

    Source: Government of India (4)

    U.S. President Donald Trump and Russian President Vladimir Putin indicated they would not attend what could be the first direct peace talks between Moscow and Kyiv in three years on Thursday, with the Kremlin sending instead a group of experienced technocrats.

    Putin on Sunday proposed direct negotiations with Ukraine in Istanbul on Thursday “without any preconditions”. Late on Wednesday, the Kremlin said the delegation would include presidential adviser Vladimir Medinsky and Deputy Defence Minister Alexander Fomin – but Putin‘s name was not on the list.

    After the Kremlin’s delegation announcement, a U.S. official said Trump, who is on a three-nation tour of the Middle East, would not attend. The U.S. leader had said earlier that he was considering the option to participate.

    While Putin had never confirmed he would attend in person, the absence of the Russian and U.S. presidents lowers the expectations for a major breakthrough in the war that Russia started in February 2022.

    Ukrainian President Volodymyr Zelenskiy had challenged Putin to attend the talks “if he’s not afraid,” in an apparent contest to show Trump who wants peace more, Ukraine or Russia.

    While the Kyiv leader was on his way to Turkey late on Wednesday, a Ukrainian official said, he had said he would take part in the talks only if Putin attended.

    In his nightly video address on Wednesday Zelenskiy said that Ukraine would decide on its steps for peace talks in Turkey once there was clarity on Putin‘s participation.

    “The answers to all questions about this war – why it started, why it continues – all these answers are in Moscow,” Zelenskiy said. “How the war will end depends on the world.”

    Trump wants the two sides to sign up to a 30-day ceasefire to pause Europe’s biggest land war since World War Two, and a Russian lawmaker said on Wednesday there could also be discussions about a huge prisoner of war exchange.

    Zelenskiy backs an immediate 30-day ceasefire, but Putin has said he first wants to start talks at which the details of such a ceasefire could be discussed.

    MORE SANCTIONS ON RUSSIA?

    Trump, who is growing increasingly frustrated with both Russia and Ukraine as he tries to push them towards a peace settlement, said he was “always considering” secondary sanctions against Moscow if he thought it was blocking the process.

    U.S. officials have spoken about possible financial sanctions as well as potential secondary sanctions on buyers of Russian oil.

    The U.S. delegation to Turkey included Secretary of State Marco Rubio and senior envoys Steve Witkoff and Keith Kellogg.

    Ukrainian Foreign Minister Andrii Sybiha said early on Thursday he had met with Rubio to share Zelenskiy’s peace vision and “coordinate positions during this critical week.”

    Medinsky and Fomin, part of the Russian delegation, took part in the last set of negotiations between the two sides in the first weeks of the war. Other senior military and intelligence officials were also part of the Thursday delegation.

    Direct talks between negotiators from Ukraine and Russia last took place in Istanbul in March 2022, a month after Putin sent tens of thousands of troops into Ukraine in what he calls a “special military operation” to root out neo-Nazis.

    Ukraine and its allies say the invasion was an unprovoked, imperial-style land grab.

    With Russian forces grinding forward in Ukraine and now controlling about a fifth of the country, the Kremlin chief has offered few, if any, concessions so far. In his proposal at the weekend, he said that the talks in Turkey would be aimed at a durable peace.

    He specifically mentioned the 2022 talks and the failed draft deal.

    Under that deal, among others, Ukraine would have agreed to permanent neutrality in return for security guarantees from the five permanent members of the U.N. Security Council: Britain, China, France, Russia and the United States, and other nations including Belarus, Canada, Germany, Israel, Poland and Turkey, according to a draft seen by Reuters.

    But officials in Kyiv say agreeing to Ukrainian neutrality is a red line they will not cross.

    (Reuters)

  • MIL-OSI New Zealand: 2025 Register of Pecuniary and Other Specified Interests presented

    Source:

    The 2025 Register of Pecuniary and Other Specified Interests of Members of Parliament was presented in the House today. It summarises members’ financial interests as at
    31 January 2025.

    Since 2005 Standing Orders have provided a system for members of Parliament to register their financial interests. The summaries record members’ interests in 14 categories, including directorships, trusts, investments, debts, and gifts.

    The Register provides transparency of, and accountability about, members’ interests thereby strengthening public trust and confidence in parliamentary processes and decision-making.

    Visit the Parliament website to view the 2025 Register.

    https://www.parliament.nz/en/mps-and-electorates/members-financial-interests/

    ENDS

    For further inquiries contact:

    The Office of the Registrar OCRegistrar@parliament.govt.nz

    +64 817 9079

    MIL OSI

    MIL OSI New Zealand News

  • MIL-OSI: The Lost Generator Under Review: DIY Edison Generator Energy Plan to Create Free Electricity (Step-by-Step Guide)

    Source: GlobeNewswire (MIL-OSI)

    Denver, May 14, 2025 (GLOBE NEWSWIRE) —

    In This Article, You’ll Discover:

    • A comprehensive review of The Lost Generator blueprint and how it enables users to generate free electricity using a DIY Edison generator method
    • The real-world energy crisis pain points that this step-by-step guide is designed to solve, especially for homeowners facing high electricity bills
    • A clear explanation of how thermal energy conversion is used to power essential devices without solar panels or grid dependency
    • Who The Lost Generator is best suited for — including preppers, off-grid households, and individuals seeking energy independence
    • What’s included in the digital download, including parts lists, assembly instructions, and safety guidelines
    • Current pricing information, refund policies, and secure ordering instructions from the official website
    • Real customer testimonials sharing practical experiences with building and using this DIY home energy system
    • Answers to frequently asked questions about legitimacy, effectiveness, safety, and scaling potential

    TL;DR – Summary:

    The Lost Generator Under Review: DIY Edison Generator Energy Plan to Create Free Electricity (Step-by-Step Guide) explores a growing interest in affordable off-grid power solutions amidst rising energy costs and unstable grid infrastructure. This in-depth article examines The Lost Generator — a downloadable blueprint that teaches users how to build a home-based, thermal-powered electricity generator without relying on solar panels or batteries.

    Developed by Barnaby Brown, a retired engineer, The Lost Generator is designed for accessibility, offering beginner-friendly instructions to help users reduce electricity bills, prepare for outages, and gain long-term energy resilience. The article covers key benefits, safety protocols, parts sourcing, and practical applications, while embedding trending terms like “DIY free electricity,” “off-grid energy system,” and “self-sustaining power source.”

    Readers also gain clarity on pricing, refund policies, customer support, and real-world testimonials. All claims are presented with disclaimers and accurate sourcing, ensuring that both potential buyers and media syndication partners can reference and republish the content responsibly.

    Introduction

    What Is The Lost Generator and Why Are People Talking About It?

    In a world dominated by rising energy prices, frequent power outages, and growing concern over grid reliability, individuals are looking for smarter, more affordable ways to power their homes. This growing interest has sparked a surge in demand for DIY alternative energy solutions, and one blueprint stands out among the rest — The Lost Generator.

    This guide, inspired by the forgotten principles of Thomas Edison’s early generator experiments, which focused on [brief history of Thomas Edison’s early generator experiments], claims to help everyday people build a self-sustaining, off-grid electricity source without needing solar panels or wind turbines. The system has attracted buzz across survivalist forums, prepper communities, and households that simply want to slash their power bills or become energy independent.

    This comprehensive article explores every angle of The Lost Generator, from how it works and what’s inside, to real-world benefits and potential limitations. If you’re someone who has felt frustrated by the grip of energy companies, or if the idea of creating your own DIY free energy generator appeals to your independence, read on — this could be the step-by-step system you’ve been looking for.

    What This Article Will Cover

    • Discover the true pain points of modern electricity dependence and the liberating relief that The Lost Generator offers.How The Lost Generator proposes to solve them
    • What’s inside the blueprint and how it works
    • Uncover the detailed pros, cons, cost breakdowns, and money-back guarantee that could make you feel financially savvy and secure with The Lost Generator.Get a glimpse into the trending buzzwords, energy freedom concepts, and real user insights that will make you feel informed and part of a community with The Lost Generator.This long-form guide is not just a review. It’s an investigative breakdown of what makes this blueprint potentially revolutionary for anyone ready to take power back into their own hands.

    This long-form guide is not just a review. It’s an investigative breakdown of what makes this blueprint potentially revolutionary for anyone ready to take power back into their own hands.

    Understanding the Energy Crisis

    Why the Modern Grid Is Failing Homeowners

    The traditional energy grid was built for a different era — a time when consumption was lower, outages were rare, and electricity didn’t cost a fortune. Fast-forward to today, and millions are feeling the pressure of skyrocketing energy bills, unstable service, and a centralized power model that no longer fits the reality of our modern needs.

    Recent events — from hurricanes and wildfires to grid overloads during extreme weather and government-regulated energy shutdowns — have exposed a serious flaw in the system: homeowners are vulnerable. One storm, one blackout, or one bill spike can disrupt your entire household. And for many, the pain is not just financial, but emotional and logistical.

    Real Pain Points Consumers Are Facing Today

    • Unpredictable power outages that leave families in the dark
    • Soaring monthly utility bills with no relief in sight
    • Overdependence on outdated grid infrastructure
    • Lack of control over one of the most essential elements of modern life: electricity
    • Growing anxiety over energy security, especially during emergencies or natural disasters

    These aren’t just minor inconveniences — they’re constant stressors that can impact quality of life. It’s no wonder so many are seeking ways to break free from the system and find more self-reliant, off-grid energy alternatives.

    The Rising Popularity of Off-Grid Living and DIY Energy Hacks

    With trending search terms like “prepper energy solutions” (which are energy solutions designed for emergency preparedness) and “free energy survival blueprints” (which are guides for creating sustainable energy sources in survival situations) gaining traction in 2025, a shift is clearly happening. People want more than just savings — they want independence, reliability, and long-term peace of mind.

    The Lost Generator, a comprehensive guide to building your own off-grid power system, taps into this movement by offering a blueprint that promises to do more than reduce costs — it aims to eliminate the need for the grid entirely for many users, especially when used as a supplemental or emergency backup power solution.

    Start producing your own power at home using science-backed methods from Edison’s original concepts. Get The Lost Generator guide and start saving money immediately.

    Introducing The Lost Generator

    A DIY Edison-Inspired Energy Plan for Modern Times

    The Lost Generator isn’t just another energy-saving tip or solar panel tutorial. It’s a comprehensive, yet simple, step-by-step digital blueprint that empowers you to create your own free energy generator using basic materials. This concept is inspired by Thomas Edison’s forgotten principles of thermal energy conversion, making it accessible to everyone.

    This system is not just a theoretical concept. It’s a practical, at-home solution that focuses on affordability, simplicity, and functionality. Even if you have no engineering background, you can confidently use this DIY plan to gain more control over rising electric bills and potential grid failures.

    Meet the Creator: Barnaby Brown

    The blueprint was developed by Barnaby Brown, a retired mechanical engineer from Boulder, Colorado. After a prolonged blackout left his family without power, food preservation, or safety, Barnaby began looking for a way to generate reliable electricity without relying on the grid.

    Through his research, he discovered archived notes connected to Edison’s lesser-known experiments in thermal electricity. These notes became the foundation for what is now known as The Lost Generator — a system that uses readily available components and a proven energy conversion process to produce real power.

    According to Barnaby, this generator can produce enough energy to power essential appliances — offering critical support during outages, or even supplementing daily use to cut electric bills dramatically.

    The Core Promise Behind the Blueprint

    The Lost Generator is marketed as a way to:

    • Break free from energy companies
    • Gain peace of mind during emergencies
    • Cut your bills by up to 90%
    • Build a working generator in just a weekend
    • Avoid solar panel costs, permits, or maintenance hassles

    The program is built for accessibility — meaning no technical knowledge or engineering degree is required. Every detail is explained in plain language, and the materials list includes affordable parts you can pick up locally or online.

    Disclaimer: Individual results may vary depending on how accurately the guide is followed, the quality of components used, and power demands. This product is intended to supplement energy needs, not serve as a full-time replacement for commercial utilities in every scenario.

    How The Lost Generator Works

    Simple Science Meets Practical Engineering

    At the core of The Lost Generator system is a straightforward DIY energy generation method that relies on heat-based electricity conversion. This concept, once explored by Thomas Edison, is now presented in an easy-to-follow guide for everyday users. The key mechanism involves harnessing thermal energy and converting it into usable power through a low-resistance process.

    Unlike solar panels, which depend on weather conditions and expensive equipment, or wind turbines that require space and mechanical complexity, The Lost Generator uses thermal differentials. This principle, which refers to the difference in temperature between two points, is a reliable energy source available in nearly every home.

    The Energy Conversion Process Explained

    While the exact technical schematics are provided in the blueprint itself, the general process includes:

    • A heat source (such as a small flame or controlled burn)
    • A series of metal components designed to channel and amplify thermal gradients
    • A simple generator motor that transforms the heat into electrical energy
    • Wiring and circuit instructions to safely store or distribute the energy created

    Everything is broken down into step-by-step visual instructions within the package, making the process accessible even to those without prior experience. The system uses basic physics and proven mechanical laws, not fringe pseudoscience or perpetual motion fallacies.

    Disclaimer: This system does not generate infinite electricity and is not a perpetual energy machine. Instead, it offers a legitimate alternative power method that may supplement household energy needs based on setup quality and consistency of use.

    Materials and Tools Required

    Most of the materials can be found at local hardware stores or ordered online at minimal cost. A preview of what’s typically needed includes:

    • Heat-safe metal plates
    • Small DC motor
    • Thermoelectric modules or conductors
    • Basic wiring and connectors
    • Multimeter (optional for testing output)
    • Simple hand tools (screwdrivers, pliers, wire cutters)

    The Lost Generator is designed to make DIY power generation affordable, achievable, and scalable. There’s no need for rare metals, high-voltage equipment, or advanced tools. This aligns with the system’s goal and makes it accessible to a wide range of users.

    Assembly Time and Ease-of-Use

    According to the blueprint’s estimates and user feedback:

    • Build time: 3–5 hours total for most users
    • Learning curve: Low to moderate, depending on comfort with basic tools
    • Support materials: Diagrams, checklists, safety warnings, and video guides included

    This makes The Lost Generator particularly attractive to DIY enthusiasts, off-grid homesteaders, and even senior citizens or families who want a hands-on, educational power project.

    Want to reduce your energy bills by up to 90%? Learn how others are building their own generators with The Lost Generator blueprint — and start your journey today.

    Benefits of Using The Lost Generator

    Why This DIY Power Plan Is Gaining National Attention

    In a market saturated with expensive power gadgets, solar scams, and overpriced backup battery packs, The Lost Generator shines as a cost-effective and empowering solution. Instead of selling you another product to plug in, it equips you with the knowledge to generate electricity yourself — giving you the confidence to keep your home running, even when the grid fails.

    This blueprint is more than just a tool. It’s a freedom-focused energy movement, tapping into trending lifestyle shifts like off-grid living, sustainable survival solutions, and energy self-sufficiency. It resonates with consumers not just because of cost savings, but because it gives them something the grid never could: control over their energy usage.

    Key Benefits That Matter to Real People

    • Cut Electricity Bills by Up to 90% Use the generator to supplement daily power use, especially during peak rate hours. This alone can significantly reduce costs over time.
    • Total Energy Independence Power your essential appliances, tools, or even medical devices without needing the grid. Ideal for emergencies, outages, or full off-grid living.
    • Reliable During Crises Whether it’s a hurricane, wildfire, or planned blackout, this system works when others don’t — as long as you have a heat source.
    • Budget-Friendly Entry into DIY Energy Unlike solar setups that cost thousands upfront and often require permits, this plan can be built for a fraction of the cost with no bureaucratic red tape.
    • Eco-Conscious and Sustainable No emissions. No fossil fuels. The process supports a greener lifestyle and adds to your household’s environmental sustainability.
    • Educational and Empowering Learn real-world physics, engineering, and survival skills — great for families, classrooms, and preparedness communities.

    Who This Is NOT For

    • Those seeking a full-home energy replacement for high-wattage usage
    • Anyone unwilling to follow instructions or work with basic tools
    • People expecting a “magic box” that generates unlimited free energy without effort

    Disclaimer: While The Lost Generator offers a powerful supplement to traditional energy, it is not intended to power an entire modern household independently or act as a replacement for all conventional power needs.

    A Shift Toward Self-Sufficiency

    The surge in popularity for terms like“self-reliant home energy,” “emergency electricity backup,”and“free energy DIY hack”signals a powerful consumer trend. The Lost Generator meets this demand by providing more than just a product — it provides the knowledge to build resilience.

    For many, it’s not just about saving money — it’s about taking back control in a world where control is often sold off by the kilowatt.

    Who Can Benefit from The Lost Generator

    The Lost Generator, a versatile and reliable power solution, isn’t just for Preppers — It’s for Everyone Who Wants Control(H2)The Lost Generator is not limited to survivalists or rural homesteaders. It’s built for ordinary people with extraordinary concerns — from suburban homeowners and off-grid enthusiasts to urban renters looking for backup electricity solutions.

    What unites them is a shared desire to stop depending on an outdated, unstable power system and start building resilience at home.

    Homeowners Dealing with High Utility Bills

    For those who feel trapped in a cycle of rising electricity costs, this DIY plan, which includes step-by-step instructions and all necessary components, offers a practical path toward savings. You won’t need to deal with contractors, permit offices, or confusing solar lease agreements — just a hands-on project with a long-term payoff.

    Off-Grid Living Advocates and Homesteaders

    Whether you’re living remotely by choice or necessity, The Lost Generator can offer a portable, low-cost power source that runs independently from the grid. It’s ideal for cabins, RVs, tiny homes, or bug-out locations.

    Trending buzzwords like “energy autonomy,” “homestead power hacks,” and “green off-grid tech” all point to the growing interest in exactly what this system provides: low-maintenance electricity in unpredictable environments.

    Preppers and Emergency Planners

    In survival and preparedness circles, redundancy is key. The Lost Generator adds a new layer of energy security — one that doesn’t rely on fuel stockpiles, solar exposure, or battery shelf life. It’s a reliable source of power that gives peace of mind when everything else goes dark.

    DIY Enthusiasts and Hobbyists

    Even if you’re not trying to escape the grid entirely, this system offers a fun, educational challenge. Many buyers use it as a weekend project with their kids or as an experiment to test out Edison-style electrical theories, such as circuit design and power generation, in real life.

    Seniors or Families in Vulnerable Areas

    For those in hurricane zones, wildfire regions, or rural areas where blackouts are common, The Lost Generator can serve as an essential backup system. It’s a quiet, compact, and reliable source of power that requires no ongoing maintenance or fuel, providing a sense of security and peace of mind.

    Disclaimer: Always follow all safety instructions when assembling and operating the system. While the guide is designed for non-technical users, care must be taken when handling electrical components or open heat sources.

    Affordable, effective, and beginner-friendly — The Lost Generator shows you exactly how to build your own DIY generator and slash your bills. Start now while supplies last.

    What’s Included in the Package

    Everything You Need to Build the DIY Edison Generator at Home

    The Lost Generator isn’t a physical device you order and plug in — it’s a comprehensive digital package that equips you with the knowledge and step-by-step instructions to build your own thermal-based energy generator using commonly available parts.

    What sets it apart from other energy guides is the clarity of instruction, simplicity of materials, and universal accessibility — no prior electrical experience is needed.

    Here’s What You Get with Your Purchase

    • The Lost Generator Main Guide: A downloadable PDF blueprint with detailed, illustrated instructions on assembling your thermal generator. Every phase of the process — from materials selection to power output testing — is clearly documented.
    • Parts List with Sourcing Tips: A full breakdown of all required components, including estimated pricing and sourcing tips for budget-friendly hardware. Many items can be found at local home improvement stores or ordered online.
    • Step-by-Step Assembly Instructions: Each step is broken down in a beginner-friendly manner, supported by illustrations and checklists to minimize confusion or error.
    • Safety Guidelines and Testing Protocols: Includes warnings and best practices for safely handling components, operating heat sources, and checking electrical output to ensure performance and safety.
    • Free Bonus Guides (subject to availability)
    • Depending on current promotions, buyers may receive bonus content such as:
      • How to Expand Your Generator’s Output
      • Emergency Survival Energy Tips
      • Maintenance-Free Energy Storage Tricks

    Disclaimer: Bonus items may vary based on availability and ongoing promotions on the official website. Always check thelostgenerator.com for the latest updates and bundle offers.

    Digital Format, Instant Access

    Once your payment is processed, you’ll gain immediate digital access to all materials. This means you can dive into the exciting process of building your generator on the very same day you make your purchase.

    No shipping delays. No subscription. Just a one-time download with the added peace of mind of lifetime access. You can revisit the materials whenever you need, ensuring you’re always equipped for your DIY energy project.

    Note: To access your materials, you’ll need a device that can open PDFs and an internet connection. Please be aware that physical components are not included in the package. However, you’ll be guided on how to source these locally or online.

    The next power failure isn’t a matter of if, but when. Download The Lost Generator now and have your emergency energy system ready before the grid lets you down.

    Pricing and Purchase Information

    How Much Does The Lost Generator Cost?

    The Lost Generator stands out for its affordability, a key advantage over traditional energy solutions. While solar panel systems can cost anywhere from $10,000 to $30,000, and even basic home generators often run $1,000+, The Lost Generator blueprint is available for a one-time digital purchase.

    As of the latest update:

    • Standard Price:
    • Current Discounted Offer:$49 one-time payment
    • (no recurring subscription, no upsells required to access core content)

    With your purchase, you’ll receive the complete digital blueprint, a detailed materials list, a comprehensive safety guide, and access to any promotional bonuses currently offered on the official website. This ensures you have everything you need to get started with The Lost Generator.

    Disclaimer on Pricing: Always check the official website before purchasing. Prices, promotions, and bonus content are subject to change at any time without notice based on availability and marketing offers.

    Is There a Money-Back Guarantee?

    Yes, you can purchase with confidence as the system is backed by a 60-day money-back guarantee. This gives you a full two months to test the guide, try building the system, and evaluate whether it meets your expectations. If you’re unsatisfied for any reason, you can request a full refund through our support team.

    This risk-free offer has made the system more accessible to skeptical users, providing a sense of security who might otherwise hesitate to try a DIY power plan without proof it works.

    How to Order Safely Online

    To ensure you receive the authentic, up-to-date version of the blueprint:

    • Only purchase through the official website: https://thelostgenerator.com
    • A trusted third-party platform handles secure checkout processing
    • Instant digital access after purchase — no physical shipment required
    • Customer support contact info is included with your order confirmation for any questions or refund requests

    Caution: Avoid third-party resellers or “free download” sites claiming to offer the blueprint, as these may contain outdated files or potential security risks.

    Customer Testimonials

    What Real Users Are Saying About The Lost Generator

    One of the most compelling ways to assess a DIY system like this is to listen to the people who have already put it to the test. Below are several firsthand reviews from users who’ve successfully built and used The Lost Generator, experiencing a sense of accomplishment, cutting costs, preparing for emergencies, and feeling more energy independent.

    Verified Experiences from Around the Country

    John M. – Texas

    “After last year’s winter blackout, I swore I’d never be unprepared again. I built the generator in a weekend using The Lost Generator blueprint. Now I have backup power for my freezer, lights, and even my radio. Best $49 I’ve ever spent.”

    Lana B. – Oregon

    “I’m a single mom with no tech experience. I followed the guide and built the generator step-by-step. It powers my camper and saves me serious money when off-grid camping with the kids. Instructions were super clear.”

    Daniel K. – Florida

    “This is now part of my hurricane prep kit. The heat-to-power setup is ingenious. I’m not fully off-grid, but I can keep the fridge and fans running when the grid fails. The savings have already paid for the blueprint.”

    Greg S. – Pennsylvania

    “I didn’t expect much at first, but after seeing how it actually works with thermal energy, I was blown away. I’ve tested it during two outages, and it delivered. Plus, I got to build it with my teenage son, which was an added bonus.”

    Common Themes Across Reviews

    • Ease of setup, even for those with no engineering background
    • Functional power output for essential devices and lights
    • Reliability in emergencies, especially during blackouts or storms
    • Cost-effectiveness of building a generator from basic components
    • Educational value for families, preppers, and DIY tinkerers

    Disclaimer: These testimonials reflect individual experiences. Results may vary depending on technical accuracy, environment, component quality, and personal use. This product is not guaranteed to eliminate energy bills entirelybutmay significantly supplement household electricity in specific scenarios.

    Build confidence, peace of mind, and a backup energy source all in one weekend. Get The Lost Generator plan now and learn the step-by-step method to generate your own electricity.

    Addressing Common Concerns

    Is The Lost Generator Too Good to Be True?

    It’s natural to approach claims of “free energy” with skepticism. In a marketplace filled with overhyped products and pseudoscientific schemes, many wonder whether a DIY power generation system like this can actually deliver real results.

    Here, we address the most common questions and concerns surrounding The Lost Generator to give you a balanced perspective before making any decisions.

    Concern #1: Does It Really Work?

    Yes — for many users who follow the guide accurately and use quality parts, The Lost Generator system has successfully produced usable electricity. It’s based on real thermal conversion principles, which involve harnessing heat to generate small but functional electrical outputs. This process is not a perpetual motion machine, but a reliable method of energy generation.

    That said, it’s important to note that this is not a perpetual motion machine, nor does it promise to replace your entire home’s electrical system. It’s designed to supplement your power, reduce bills, and serve as a reliable off-grid or emergency energy source. Understanding these limitations will help you make an informed decision about whether The Lost Generator is right for you.

    Disclaimer: Performance depends on proper assembly, safe operation, and realistic energy expectations. Results vary based on how the system is built and what it’s being used to power.

    Concern #2: Is It Safe?

    The guide is meticulously crafted with detailed safety precautions to ensure your responsible handling of heat sources and electrical components. It’s designed with beginners in mind, and when the directions are followed correctly, the risk is minimal.

    However, users should always:

    • Avoid using flammable materials near open heat
    • Use proper insulation when handling wiring
    • Keep the system away from children and pets
    • Operate in a well-ventilated area
    • Test output with a multimeter before regular use

    Concern #3: Is It a Scam or Legitimate?

    The Lost Generator has gained popularity not only because of its promises, but becausebuyers are protected by a 60-day money-back guarantee. That safety net alone speaks to its legitimacy and gives skeptical users a chance to test it with zero risk.

    Additionally, the creator, Barnaby Brown, is transparent in his messaging: this is not a magic box, it’s a DIY educational energy plan built on scientific principles and practical application.

    Concern #4: What If I’m Not Tech-Savvy?

    The system was specifically designed for everyday users — not electricians or engineers. The digital blueprint provides:

    • Clear visuals
    • Plain-language instructions
    • Tool and part checklists
    • Testing guidance to verify output

    Even users who’ve never done a DIY electronics project before have reported success with the system.

    For best results, it’s crucial to go slowly, follow each step carefully, and not skip any safety protocols. You can even involve a friend or family member to make the project more approachable and ensure all safety measures are in place.

    Conclusion

    Is The Lost Generator Worth It? A Final Takeaway

    In a time of mounting energy bills, unpredictable grid failures, and a growing desire for sustainability and control, The Lost Generator emerges as more than just a DIY project — it’s a practical response to real-world problems.

    This isn’t a gimmick or a pie-in-the-sky promise. It’s a blueprint designed to empower everyday people with the tools to generate real, usable electricity using principles that date back to Edison’s own workshop. This is about you taking control of your energy needs, not being at the mercy of utility companies. And it’s doing so in a way that aligns with today’s most important consumer trends: off-grid readiness, survival planning, self-reliance, and environmental awareness.

    Who This Is Really For

    The Lost Generator is a standout choice for:

    • People tired of being at the mercy of utility companies
    • Anyone preparing for grid outages, blackouts, or emergencies
    • Budget-conscious homeowners looking to cut recurring costs
    • Homesteaders, preppers, and off-grid lifestyle adopters
    • Families looking for an educational DIY challenge with real benefits

    It’s not a silver bullet. But it does exactly what it promises — give you the power (literally and figuratively) to produce your own electricity when and where you need it most.

    Your Next Step to Energy Freedom

    With instant digital access, a 60-day money-back guarantee, and a proven system that has already helped thousands of users, The Lost Generator is a choice that offers high-impact benefits with low risk. It’s a secure investment for those ready to take back control of their energy future.

    If you’re looking for a simple, sustainable, and smart energy solution, you’ll find few options more practical and effective than this one. The Lost Generator is not just a theoretical concept, it’s a proven system that has already helped thousands of users.

    Pricing Notice: The current discounted price is $49 (regularly $97), but this offer may not last.

    Always verify pricing, bonuses, and refund terms on the official website, as details are subject to change at any time.

    Energy freedom is closer than you think. With The Lost Generator, you can build your own sustainable power solution and stop paying sky-high bills. Get the blueprint today.

    Frequently Asked Questions (FAQs)

    These FAQs are crafted to support primary and long-tail SEO keywords, address real user concerns, and help reinforce the article’s credibility while encouraging conversions.

    What exactly is The Lost Generator?

    The Lost Generator is a digital step-by-step guide that teaches you how to build a DIY generator system using heat conversion — based on energy principles connected to Thomas Edison’s original inventions. It allows you to create free electricity at home using affordable, commonly available parts.

    Can The Lost Generator really help me cut my electricity bill?

    Yes, many users report significant savings on their monthly utility bills by using The Lost Generator as a supplemental power source. While it’s not a total grid replacement, it can reduce dependence on expensive utility rates — especially during peak hours or outages.

    Disclaimer: Results may vary depending on your energy consumption, the size of the build, and how frequently it’s used.

    Is this a physical generator or a download?

    The Lost Generator is a digital product. You’ll receive a downloadable PDF blueprint that contains all the instructions, parts list, and safety guidance tobuild your own generator. It does not include any physical hardware.

    How long does it take to build The Lost Generator?

    Most users complete the assembly in 3 to 5 hours. It depends on your comfort level with basic tools and how quickly you gather the materials. The guide is broken down clearly to make the process smooth, even for beginners.

    Do I need any prior electrical or mechanical experience?

    Not at all. The Lost Generator is built for everyday users, not engineers. If you can follow a checklist and use basic hand tools, you’ll be able to build the system. It’s a great introduction to DIY energy generation and off-grid electricity solutions.

    Is this a perpetual motion or free energy scam?

    No — this is a real system based on thermal-to-electric energy conversion. It is not a perpetual motion machine or unscientific scheme. The output depends on the heat source and generator configuration as taught in the guide.

    Disclaimer: This is a practical DIY generator system, not a mystical or “infinite power” device. All claims are grounded in tested mechanical processes.

    What can The Lost Generator power?

    Depending on your setup, it can power:

    • LED lighting systems
    • Emergency radios
    • Small fans
    • Laptops and USB-charging devices
    • Refrigerators (with extended setups)
    • Sump pumps or electric tools (in limited use)

    It’s ideal for off-grid survival, power outages, or reducing utility costs by covering some of your home’s daily load.

    What does The Lost Generator cost?

    As of the latest update, the guide is available for a one-time payment of $49 (discounted from $97). There are no hidden fees or recurring subscriptions.

    Pricing Disclaimer: Always check the official website for the most current price and promotions, as these may change at any time.

    Is there a refund policy?

    Yes, The Lost Generator comes with a 60-day money-back guarantee. If you’re not satisfied with the product or your results, you can request a full refund — no questions asked. This makes it a risk-free investment in your energy independence.

    Is this system legal to use in my home or community?

    Yes. Since it is a low-voltage, heat-powered system, there are no legal or permit requirements in most areas. You’re building a private-use generator, not installing a large-scale power source. It’s considered a personal project — just like solar cookers or water collection systems.

    Where do I get the parts?

    The guide includes a fullparts list with sourcing tips. Most items can be found at local hardware stores like Home Depot or Lowe’s, or ordered online via Amazon or specialty electronics stores. Total estimated material cost ranges from $72 to $200, depending on location and upgrades.

    Can I scale or upgrade The Lost Generator?

    Absolutely. Once you understand the core principles, you can build multiple units or modify your build to increase output. Many users customize their setup to power larger devices or charge battery storage systems for extended use.

    No solar? No problem. The Lost Generator guide shows you how to use heat to power your home affordably — order now and get everything you need in one easy download.

    Disclaimers & Disclosures

    General Information Disclaimer

    This article is for informational and educational purposes only and does not constitute professional advice of any kind. The content is not intended to be a substitute for professional consultation, whether technical, electrical, medical, or legal. Always consult a qualified professional before beginning any do-it-yourself electrical or energy project. Readers assume full responsibility for the use of the information provided.

    Performance Disclaimer

    Results mentioned in this article, including but not limited to energy savings, performance capabilities, and system functionality, are based on individual use cases and may not be typical. There is no guarantee that every user will achieve the same results, and performance may vary depending on numerous factors including user skill, quality of components, environmental conditions, and adherence to instructions.

    No Energy or Utility Claims

    This content does not claim to eliminate dependence on public utilities, replace full-house energy systems, or promise uninterrupted power delivery. The product referenced is marketed as a supplemental energy solution and should not be interpreted as a substitute for commercial or regulated electricity services.

    Medical and Safety Disclaimer

    Any mention of health or safety benefits related to emergency preparedness or backup energy use is not intended to be construed as medical or therapeutic advice. Always follow official safety protocols and local codes when dealing with heat sources, wiring, or electrical components. Improper setup or misuse of components may result in injury, damage, or fire hazards.

    Affiliate Disclosure

    This article may contain affiliate links, meaning the publisher could receive a commission if readers decide to make a purchase through those links, at no additional cost to the reader. This helps support the content and research efforts behind the article. All opinions expressed are those of the writer and are based on publicly available information or direct product research.

    Accuracy Disclaimer

    While every effort has been made to ensure the accuracy and timeliness of the information presented, the publisher makes no warranties or representations as to the accuracy, applicability, or completeness of any content. Product features, availability, terms, and pricing are subject to change at any time without notice. Readers are encouraged to verify all details on the official product website before making purchasing decisions.

    Liability Waiver

    Neither the author, the publisher, nor any content syndication partners assume responsibility or liability for any direct, indirect, incidental, or consequential damages resulting from the use or misuse of the product or information described in this article. Use of this content implies acceptance of these terms.

    Third-Party Independence Statement

    This article is not sponsored by or affiliated with any third-party company or energy supplier. All trademarks and product names are the property of their respective owners.

    The MIL Network

  • MIL-OSI: COMPASS DIVERSIFIED SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Compass Diversified Holdings – CODI

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, May 14, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until July 8, 2025 to file lead plaintiff applications in a securities class action lawsuit against Compass Diversified Holdings (NYSE: CODI), if they purchased the Company’s securities between May 1, 2024 and May 7, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

    Get Help

    Compass Diversified investors should visit us at https://claimsfiler.com/cases/nyse-codi/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Compass and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On May 7, 2025, the Company issued a press release entitled “Compass Diversified Discloses Non-Reliance on Financial Statements for Fiscal 2024 Amid an Ongoing Internal Investigation into its Subsidiary, Lugano Holding, Inc.,” disclosing that “the Audit Committee of CODI’s Board has concluded that the previously issued financial statements for 2024 require restatement and should no longer be relied upon” and that “[e]ffective May 7, 2025, Lugano’s founder and CEO, Moti Ferder, resigned from all of his positions at Lugano and will not receive any severance compensation.” The Company further disclosed that “[t]he Audit Committee of CODI’s Board of Directors promptly launched an investigation after CODI’s senior leadership was made aware of concerns about how Lugano was potentially financing inventory” and that “[t]he investigation . . . is ongoing but has preliminarily identified irregularities in Lugano’s non-CODI financing, accounting, and inventory practices.”

    On this news, the price of Compass’ shares plummeted approximately 62%, from $17.25 per share on May 7, 2025, to $6.55 per share on May 8, 2025.

    The case is Matthews v. Compass Group Diversified Holdings, Inc., et al., No. 25-cv-981.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit www.claimsfiler.com.

    The MIL Network

  • MIL-OSI Canada: Release of the Financial Stability Report

    Source: Bank of Canada

    Good morning. Senior Deputy Governor Carolyn Rogers and I are pleased to be here to discuss the Bank of Canada’s Financial Stability Report (FSR).

    Each year, the Bank assesses the stability of Canada’s financial system and highlights risks that could threaten that stability. While some risks have diminished, the current trade environment has pushed risks higher overall.

    But let us look back for a minute before we look ahead.

    The country’s financial system has faced unprecedented shocks in recent years, and it has proven resilient. Households, businesses, banks and other financial institutions weathered the upheaval of the pandemic and the sharp rise in inflation and interest rates that followed. It was a difficult period for many Canadians, and pockets of stress remain. But proactive steps taken by households and businesses, together with substantially lower interest rates, put the system on a more resilient footing heading into 2025.

    Now, the Canadian economy and financial system face a new threat. US trade policy has taken a dramatic protectionist shift. Tariffs and uncertainty have sharply reduced prospects for global economic growth. And financial markets have been rocked by chaotic policy announcements and reversals.

    A long-lasting trade war poses the greatest threat to the Canadian economy. It also increases risks to financial stability.

    There are two key concerns.

    In the near term, the unpredictability of US trade policy could cause further market volatility and strains on liquidity. In an extreme case, market volatility could turn into market dysfunction.

    In the medium term, a prolonged global trade war would have severe economic consequences. It would reduce growth and increase unemployment. This could, in turn, have important ramifications for our financial system. With debt still at high levels, some households and businesses may be unable to keep up with payments. If loan losses occur on a large enough scale, banks could cut back on lending in response. This would exacerbate the economic downturn and put more pressure on businesses and households.

    What we are evaluating in this report are the indications of stress in the overall financial system. There are many uncertainties—we still do not know what tariffs will remain, whether they’ll be reduced or escalated, or how long all of this will last. That makes it particularly difficult to anticipate the risks to the financial system.

    In our April Monetary Policy Report, we presented two illustrative scenarios to show how a trade war could affect the economy. In the FSR, we’ve focused on the more severe of those scenarios to explore how the trade war could affect different parts of the financial system. To be clear, our analysis is not a projection. It is an assessment of vulnerabilities—pockets of existing or potential stress and how they could spread across the financial system.

    Let me turn to the Senior Deputy Governor to outline how these vulnerabilities affect the four key sectors of the financial system: households, businesses, banks and institutions known as non-bank financial intermediaries—a broad category including finance companies, pension funds, insurance companies and fund managers.

    I’ll start with households. Total debt relative to disposable income is lower than it was a year ago, but still high by historical standards. Despite lower interest rates, signs of financial stress have risen over the past 12 months, particularly among households without a mortgage. For example, the share of these households that are behind on credit card or auto loan payments has continued to go up.

    Among households with a mortgage, 60% are facing renewal this year or in 2026. Most of those renewing will see their payments rise because they took out their mortgage during the pandemic when rates were very low. But the average increase will be smaller than what we expected a year ago.

    Still, if a large economic shock causes job losses, it will be harder for some households to keep up with their debt payments.

    A prolonged trade war may be that shock. It would cause demand for Canadian exports to fall and disrupt supply chains, threatening jobs and incomes. Workers in trade-dependent industries could find it particularly difficult to continue managing their debt.

    A prolonged trade war would matter for businesses too. Most Canadian businesses have managed to adjust to past interest rate increases, and the surge in small business insolvencies last year proved to be temporary. But businesses in trade-related sectors—especially those with high debt, low profitability or low cash reserves—could also fall behind on debt payments.

    A strength of our financial system is that Canadian banks are well positioned to absorb higher credit losses. Banks have increased their capital buffers in recent years and, more recently, they’ve increased provisions for credit losses, bolstering their resilience. Liquidity levels remain high, and bank access to funding remains strong. But if credit losses occur on a large enough scale, banks could cut back on lending in response. Struggling households and businesses would have less access to credit to get through tough times. This cycle could exacerbate the economic downturn.

    In the non-bank financial sector, the growing presence of hedge funds in the market for Government of Canada bonds raises some concern. Government bond markets are the foundation of the financial system. They need to function smoothly for other markets to work. The increased activity by hedge funds has helped absorb increased issuance of government debt, keeping yields lower and liquidity higher. But hedge funds have also taken on increasingly large amounts of leverage to fund their purchases of government bonds. This makes them more likely to pull back from these crucial markets in periods of stress, introducing added volatility.

    The recent gyrations in the US Treasury market clearly illustrated this risk. If the trade war causes a larger spike in volatility than we have seen so far, leveraged hedge funds might rush to sell their holdings. That could strain liquidity across core markets, increasing stress throughout the financial system. Moreover, growing connections between banks and non-bank financial institutions could make it easier for stress to spread. Against a backdrop of increased market volatility, and given their importance in government bond markets, hedge funds need to make sure that they are prepared to respond to sudden liquidity needs without disrupting market functioning.

    It’s time to wrap up.

    The Canadian financial system is resilient. Despite high indebtedness and the economic turbulence of the pandemic, households, businesses and banks weathered a rapid rise in interest rates. That was a big test, and the financial system proved to be a source of stability.

    But we must all remain vigilant. Vulnerabilities remain and there is another test on the horizon.

    By identifying vulnerabilities, we can help the financial system prepare for future stress. We are watching developments closely and remain in regular contact with financial system participants and with other authorities in Canada and globally. A stable and resilient financial system absorbs shocks rather than amplifying them, and this benefits every Canadian.

    With that, the Governor and I would be pleased to take your questions.

    MIL OSI Canada News

  • MIL-OSI Canada: Bank of Canada Media Interview – Wall St. Journal

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News

  • MIL-OSI Canada: Release of the 2024 Bank of Canada FMI Oversight Activities Annual Report

    Source: Bank of Canada

    The Bank of Canada today published the Bank of Canada Oversight Activities for Financial Market Infrastructures 2024 Annual Report. The Report reviews the Bank’s oversight of designated clearing and settlement systems, also known as financial market infrastructures (FMIs).

    The Bank has a mandate to ensure that designated FMIs are following sound risk management practices. The Report, which outlines how the Bank fulfills this mandate, provides stakeholders with information about:

    • the Bank’s approach to oversight of FMIs
    • improvements that designated FMIs made to their risk management practices in 2024
    • ongoing and new expectations set by the Bank for designated FMIs to enhance their risk management practices in 2025 and beyond

    Throughout the year, designated FMIs continued to make progress on key priorities, including modernization initiatives. In addition, they improved their risk management practices, addressing gaps the Bank had previously identified.

    MIL OSI Canada News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 15, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 15, 2025.

    Ferocity, fitness and fast bowling: how Virat Kohli revolutionised Indian cricket
    Source: The Conversation (Au and NZ) – By Vaughan Cruickshank, Senior Lecturer in Health and Physical Education, University of Tasmania Virat Kohli announced his retirement from Test cricket on Monday. While his Instagram message just said this was the “right time”, his poor recent Test form, mental fatigue and desire to spend more time with

    Curious Kids: if our eyes see upside down, how does the brain flip the picture?
    Source: The Conversation (Au and NZ) – By Daniel Joyce, Senior Lecturer in Psychology, University of Southern Queensland I heard that we see upside down, but our brain flips the image. How does it do that? –Jasmine, Mount Evelyn, Victoria Our eyes work thanks to light. Objects we can see are either sources of light

    Return of the huia? Why Māori worldviews must be part of the ‘de-extinction’ debate
    Source: The Conversation (Au and NZ) – By Nic Rawlence, Associate Professor in Ancient DNA, University of Otago A museum specimen of the extinct huia. Wikimedia Commons/Auckland Museum collection, CC BY-SA The recent announcement of the resurrection of the dire wolf generated considerable global media attention and widespread scientific criticism. But beyond the research questions,

    After an autocratic leader was toppled in Bangladesh, democratic renewal remains a work in progress
    Source: The Conversation (Au and NZ) – By Intifar Chowdhury, Lecturer in Government, Flinders University Last July, a powerful student-led uprising in Bangladesh toppled the authoritarian, corrupt government led for 15 years by Prime Minister Sheikh Hasina. Bangladesh now shows modest signs of democratic recovery. Months into its tenure, a transitional government has reopened political

    Greenpeace flagship Rainbow Warrior to return for 40th anniversary of French bombing
    By Russel Norman The iconic Greenpeace flagship Rainbow Warrior will return to Aotearoa this year to mark the 40th anniversary of the bombing of the original campaign ship at Marsden Wharf in Auckland by French secret agents on 10 July 1985. The return to Aotearoa comes at a pivotal moment — when the fight to

    Can we confront cancel culture by finding common ground between moderate leftists and ‘wokists’?
    Source: The Conversation (Au and NZ) – By Hugh Breakey, Deputy Director, Institute for Ethics, Governance & Law, Griffith University A.C. Grayling’s new book Discriminations: Making Peace in the Culture Wars sees the renowned philosopher wading into the ethical minefields of “woke” activism, cancellation, and conservative backlash. Filled with thoughtful analysis, deep reflection, and fascinating

    Justice on demand? The true crime podcasts serving up Erin Patterson’s mushroom murder trial
    Source: The Conversation (Au and NZ) – By Kate Cantrell, Senior Lecturer – Writing, Editing, and Publishing, University of Southern Queensland The trial of the so-called “mushroom cook” Erin Patterson, currently underway in the Victorian town of Morwell, continues to generate global attention. The mother of two is charged with three counts of murder and

    This 6-point plan can ease Australia’s gambling problems – if our government has the guts
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    Whatever happened to Barbie’s feet? Podiatrists studied 2,750 dolls to find out
    Source: The Conversation (Au and NZ) – By Cylie Williams, Professor, School of Primary and Allied Health Care, Monash University elinaxx1v/Shutterstock What do you get when a group of podiatrists (and shoe lovers) team up with a Barbie doll collector? A huge opportunity to explore how Barbie reflects changes in the types of shoes women

    Economic pessimism is behind the drift of voters to minor parties and independents
    Source: The Conversation (Au and NZ) – By Viet Nguyen, Principal Research Fellow, Macroeconomics Research Program, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne Growing economic pessimism appears to have pushed many voters away from Australia’s two major parties, Labor and the Coalition. Support for minor parties and independents has doubled

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    Source: The Conversation (Au and NZ) – By Alexander Gillespie, Professor of Law, University of Waikato The New Zealand Wars memorial in new Plymouth. Wikimedia Commons, CC BY-SA Anzac Day has come and gone again. But – lest we forget – war and its consequences are not confined to single days in the calendar. Nor

    Newly discovered frog species from 55 million years ago challenges evolutionary tree
    Source: The Conversation (Au and NZ) – By Roy M. Farman, Adjunct Associate Lecturer, School of Biological, Earth and Environmental Sciences, UNSW Sydney Australian Green Tree Frog (_Litoria caerulea_). indrabone/iNaturalist, CC BY-NC Australian tree frogs today make up over one third of all known frog species on the continent. Among this group, iconic species such

    Two lizard-like creatures crossed tracks 355 million years ago. Today, their footprints yield a major discovery
    Source: The Conversation (Au and NZ) – By John Long, Strategic Professor in Palaeontology, Flinders University Marcin Ambrozik The emergence of four-legged animals known as tetrapods was a key step in the evolution of many species today – including humans. Our new discovery, published today in Nature, details ancient fossil footprints found in Australia that

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  • MIL-OSI Russia: Foreign investors invested USD 3 billion in the Belarusian economy in the first quarter of 2025 — Belstat

    Translation. Region: Russian Federal

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

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

    MINSK, May 15 (Xinhua) — Foreign investors invested $3 billion in the real sector of the Belarusian economy from January to March 2025, the country’s National Statistical Committee (Belstat) reported on Wednesday.

    Foreign direct investment inflows amounted to US$2.4 billion, or 81.2 percent of all capital investment from abroad.

    In January-March 2025, Belarusian organizations sent investments abroad in the amount of 1.3 billion US dollars. Direct investments accounted for 76.3 percent of them. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: The declared total investment volume of residents of the Great Stone Industrial Park reached 1.57 billion US dollars

    Translation. Region: Russian Federal

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

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

    MINSK, May 15 /Xinhua/ — The declared total investment of residents of the China-Belarus Industrial Park “Great Stone” has reached 1.57 billion US dollars, its press service announced on the occasion of the Industrial Park Day.

    There are currently 150 residents registered in the Great Stone. 54 of them have already started implementing their projects, making a significant contribution to the economy of the park and the country as a whole. In 2025, the park was replenished with nine new residents representing Russia, China, Switzerland, Turkey and Belarus.

    As the head of the industrial park administration, Alexander Yaroshenko, noted, “Great Stone” has become well known both in Belarus and abroad over the years of its operation thanks to the large contribution of Belarusian and Chinese departments and enterprises.

    “We have been working fruitfully with our partners from friendly China all this time. And this interaction continues to strengthen. The economic effect of the park’s work is already noticeable. These are new products for Belarus, in demand on our market and supplied for export, new jobs. This became possible due to the fact that the park’s enterprises have been working and continue to work effectively all the time,” the newspaper “Respublika” quotes him as saying.

    By the end of 2025, the number of project participants is expected to grow to 170 companies. The number of employees of resident companies will exceed 3,700 people. The China-Belarus Park also continues to develop its logistics potential. In 2024, the second stage of construction began, during which key logistics infrastructure facilities will be built. During 2025, active work will be carried out on the construction of a multimodal terminal on a 41-hectare site. It is expected that the terminal will be completed in 2026, and its implementation will speed up the transportation of goods within the framework of the Belt and Road initiative. –0–

    MIL OSI Russia News

  • MIL-OSI China: How China, LAC countries bolster shared development, boost Global South unity

    Source: China State Council Information Office

    Chinese President Xi Jinping attends the opening ceremony of the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum and delivers a keynote speech at the China National Convention Center in Beijing, capital of China, May 13, 2025. (Xinhua/Yin Bogu)

    Chinese President Xi Jinping announced on Tuesday the launch of five major programs to advance China’s shared development and revitalization with Latin American and Caribbean (LAC) countries at the just concluded fourth ministerial meeting of a key cooperation platform for the two sides in Beijing.

    A container with the words “from Chancay to Shanghai” printed on it is pictured at Yangshan Port, east China’s Shanghai, Dec. 18, 2024. (Xinhua/Fang Zhe)

    The five programs, ranging from solidarity, development and civilization to peace and people-to-people connectivity, provide a clear roadmap for deepening cooperation and advancing the common goals of both sides.

    Over the past decade since the China-CELAC (the Community of Latin American and Caribbean States) Forum was established, political trust between China and LAC countries has been strengthened, their development strategies aligned, and cultural exchanges promoted.

    FROM SAPLING TO PILLAR

    The seeds of the forum were sown in July 2014, when President Xi paid a state visit to Brazil and attended the first meeting between leaders of China and LAC countries.

    At that meeting in Brasilia almost 11 years ago, the leaders agreed to establish the China-CELAC Forum, an institutional framework to advance the vision of building a China-LAC community with a shared future.

    “At that meeting, President Xi held a very frank dialogue with Latin American leaders, focusing on issues such as poverty alleviation and infrastructure improvement,” recalled Valdemar Carneiro Leao, who witnessed the historic event as then Brazilian ambassador to China.

    “The China-CELAC Forum is a newborn, just like a young shoot sprouting out of the earth, whose sturdy growth into a towering tree needs meticulous cultivation of both sides,” Xi said at the first ministerial meeting of the forum in 2015.

    In his keynote speech at the opening ceremony of the fourth ministerial meeting of the forum on Tuesday, Xi revisited the metaphor, saying that 10 years on, with dedicated nurturing of both sides, the forum has grown from a tender sapling into a towering tree.

    Having witnessed how China-LAC relations have withstood global turbulence with ever-growing mutual political trust, Leao said Xi’s initiative to create the China-CELAC Forum has a forward-looking vision of the times.

    Since its inception, the forum has grown into a robust platform for cooperation as China and the CELAC Quartet have held eight rounds of foreign ministerial dialogues to date, alongside more than 100 events spanning agricultural production, technological innovation, poverty reduction, green development, disaster response, defense cooperation, think tank exchanges and anti-corruption efforts.

    Meanwhile, a range of institutional platforms, including the China-LAC Sustainable Food Innovation Center and the China-LAC Technology Transfer Center, have also taken root, helping the forum become a pillar of China-LAC cooperation.

    “China-LAC cooperation has experienced a splendid golden decade, and is about to enter an even more promising diamond decade,” said Song Junying, director of the Department for Latin American and Caribbean Studies at the China Institute of International Studies.

    COMMON GROWTH, SHARED FUTURE

    An electric and combustion dual-power train manufactured by China Railway Rolling Stock Corporation (CRRC) Qingdao Sifang Co., Ltd. awaits departure at the central station in Santiago, Chile, Jan. 19, 2024. (Photo by Jorge Villegas/Xinhua)

    China and LAC countries ride the tide of progress together to pursue win-win cooperation, Xi said on Tuesday, noting that while embracing the trend of economic globalization, the two sides have deepened cooperation in trade, investment, finance, science and technology, infrastructure, among other fields.

    In the framework of high-quality Belt and Road cooperation, China and LAC countries have implemented more than 200 infrastructure projects, creating over a million jobs and forging a path of cooperation bridging the Pacific.

    Notable examples include the China-LAC satellite cooperation program, which has become a model for high-tech South-South collaboration and the inauguration of Chancay Port in Peru, which has created a new land-and-sea connectivity link between Asia and Latin America.

    China has also signed free trade agreements with Chile, Peru, Costa Rica, Ecuador and Nicaragua. Last year, trade between China and LAC countries exceeded 500 billion U.S. dollars for the first time, an increase of over 40 times from the beginning of this century.

    For ordinary people like Leonardo Talledos, an operations control engineer for Colombia’s Bogota Metro Line 1, the significance of China-LAC cooperation today goes far beyond trade figures and project counts — it shapes his career and supports his aspirations.

    Built and operated by Chinese companies, Bogota Metro Line 1 is Colombia’s largest infrastructure project to date. Once operational in 2028, it will cut travel time between terminal stations from nearly three hours to just 27 minutes.

    In 2023, Talledos traveled to Xi’an, capital of northwest China’s Shaanxi Province, for a year-long training program in metro operations, where he witnessed the rapid development of China’s urban transit systems. Inspired by the experience, he returned to Colombia to help compile training materials and operational guidelines for the metro line.

    Trainees from Bogota pose for a group photo during the commencement of a metro operation training program in Xi’an, northwest China’s Shaanxi Province, Nov. 12, 2024. (Xinhua)

    “From the moment we were hired, we were told that being part of this project was being part of Bogota’s history, because it was the beginning, the first line of many lines to come in the future,” said Talledos.

    GREATER SOLIDARITY, BIGGER VOICE

    As part of the Year of the Snake celebrations, Brazilian soprano Marilia Vargas gave a moving performance of the Chinese song “I Love You, China” at Rio de Janeiro’s Municipal Theater. Dressed in a flowing red gown, her voice echoed powerfully throughout the hall.

    Vargas, who has learned many Chinese songs in recent years, said her bond with China has deepened alongside the growth of the China-CELAC Forum. “Since the forum’s foundation, many more opportunities for cultural exchange between LAC countries and China have opened up.”

    She told Xinhua that in the future, she will continue to “explore more Chinese musical treasures” and remain dedicated to advancing cultural exchanges between China and Brazil as well as between China and other LAC countries.

    Over the past decade, cultural exchanges under the China-CELAC Forum have flourished. Joint archaeological projects have yielded substantial results, the number of exchange students has steadily increased, and interest in the Chinese language continues to surge across LAC countries.

    “Mutual respect, diversity, knowledge and understanding” were the words used by Rogelio Rivero, Mexican archaeologist and director of the Archaeological Zone of Teotihuacan, to describe his experience in the cultural exchanges and dialogues held in China.

    Members of China National Symphony Orchestra perform at the Municipal Theater of Rio de Janeiro, Brazil on Sept. 9, 2024. (Photo by Claudia Martini/Xinhua)

    Rivero believes that LAC countries, by strengthening cultural exchanges with China and other Global South countries, will effectively contribute to breaking with “Western-centrism” and balancing unilateral narratives at the global level.

    Despite differences in civilizations and cultures, independence and self-determination remain a shared and defining spirit of the Global South, said Ninfa Montano, president of the China-Mexico Cultural Development Foundation.

    “The China-CELAC Forum unites the strength of the Global South, promoting unity and cooperation among many developing countries, and will contribute to establishing a more just and equitable global governance system,” Montano said.

    Montano’s view was echoed by many analysts, who see the ministerial meeting as a chance to deepen cooperation, address global challenges and reinforce South-South solidarity.

    The cooperation between China and LAC countries has set a model of mutually beneficial South-South collaboration, said Manuel Alberto Hidalgo, economist at Peru’s National University of San Marcos.

    By deepening bilateral partnership, both sides have effectively strengthened solidarity and cooperation in the Global South and made positive contributions to promoting the bloc’s greater role in global governance, he said.

    For Ingrid Chavez, executive director of the Colombian-Chinese Chamber of Investment and Commerce, the cooperation helps build up “a common voice as a bloc,” empowering LAC countries to negotiate more effectively on the global stage.

    It helps LAC countries “establish interregional, multilateral relations and somewhat change the power dynamics that have existed until now at the global level,” she added.

    MIL OSI China News