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Category: Economy

  • MIL-OSI Europe: Written question – Cultural and gastronomic identity of the Greek islands – E-001724/2025

    Source: European Parliament

    Question for written answer  E-001724/2025
    to the Commission
    Rule 144
    Afroditi Latinopoulou (PfE)

    The Greek islands’ traditional gastronomy and local products form an invaluable part of Europe’s cultural and dietary heritage. However, for the most part, they are not covered by European protection and promotion mechanisms, such as PDO/PGI indications. As a result, they are threatened by commercial homogenisation and cultural invisibility.

    In light of the above, can the Commission answer the following:

    • 1.Does it intend to strengthen, through specific programmes or technical support, the recognition of traditional products from the Greek islands (such as cheeses, wines, sweets, herbs) as PDO or PGI products, thereby helping to preserve and strengthen local identity and the economy?
    • 2.Does it intend to finance cultural measures to promote the gastronomy of the islands within the framework of European cultural policy, making use of gastronomy as a tool for sustainable tourism and regional development?
    • 3.Is there a plan to create a single European platform for the promotion of traditional island products and recipes to strengthen the link between cultural heritage and the agri-food chain?

    Submitted: 30.4.2025

    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – Presentation of ECA Special Report 11/2025:Transparency of EU funding granted to NGOs – Committee on Budgetary Control

    Source: European Parliament

    NGO © Image used under the license from Adobe Stock

    On 14 May 2025 the ECA Special Report 11/2025 : “Transparency of EU funding granted to NGOs. Despite progress, the overview is still not reliable” will be presented to Members of the Committee of Budgetary Control (CONT) by reporting ECA Member Laima Andrikienė.

    The Court examined the EU Funding granted to NGOs under the EU’s internal policies (such as ESF+ and Erasmus+). It found that the transparency of these funds is not sufficient, due to the absence of a common definition among Commission, Member States and other implementing partners of what a NGO is. Another issue identified by the Court is that information in the financial transparency register is not verified, and therefore of unknown quality. The Court recommends the Commission to correct the issues identified.

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – BUDG-CONT-ECON – Presentation of Court of Auditors’ report on EFSI – 13.05 – Committee on Budgetary Control

    Source: European Parliament

    ECA Special report 07/2025 © Image used under license from Adobe Stock

    On 13 May from 15:00 to 16:30, the BUDG, CONT and ECON committees have invited Mr Lefteris Christoforou, the European Court of Auditors’ Member who led the audit team of its Special report 07/2025 on “The European Fund for Strategic Investments”.

    Launched in 2015 by the European Commission and the European Investment Bank (EIB), the European Fund for Strategic Investments (EFSI) aimed at tackling the investment shortfall within the EU after the financial crisis, by mobilising an additional €500 billion in investments by 2022 through various debt and equity instruments. The initiative was supported by a €26 billion EU budgetary guarantee and €7.5 billion in EIB resources. According to ECA’ special report the programme made significant strides in addressing the investment gap. However, it fell short of its target, with an estimated overstatement of the reported amount of €503 billion by €131 billion (26%). This presentation will provide an opportunity for the ECA to share its findings and discuss them with the BUDG, CONT and ECON Members.

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – The EU’s digital transformation programmes and the European funds that have been disbursed to achieve it – E-001032/2025(ASW)

    Source: European Parliament

    The Digital Europe Programme (DEP), the first programme entirely dedicated to the deployment of digital infrastructures and an important enabler of the European digital transition, has an overall budget of EUR 8.1 billion for funding activities in six areas: supercomputing, artificial intelligence, cybersecurity, advanced digital skills, ensuring the wide use of digital technologies across the economy and society and semiconductors.

    Due to the 50% funding rate of the programme, the same amount is being invested by Member States and beneficiaries from the programme.

    2024 saw the signature of the 500th grant under DEP. This milestone represents an overall investment of EUR 3.3 billion, with EUR 1.9 billion contributed from the DEP budget. Over EUR 1 billion has been invested in over 140 procurements and in contribution agreements.

    Through InvestEU, EUR 83.63 million have been committed to support strategic digital technologies and EUR 67 million for investments in semiconductor technologies that are expected to mobilise EUR 2.1 billion.

    The implementation of DEP is on track to achieve its objectives. A number of big initiatives have been launched: deployment of world-class supercomputers and artificial intelligence factories, launch of leading semiconductor pilot lines, European Digital Identity ( eID) pilot projects, The European Quantum Communication Infrastructure Initiative (EuroQCI), security operation centres, Destination Earth, the European Virtual Human Twins Initiative, and the network of Digital Innovation Hubs in all Member States.

    These flagship initiatives for the EU are now well recognised by the Member States and stakeholders alike, paving the way for European digital transition.

    Detailed data on the implementation of DEP, including financial data, can be found in the DIGITAL dashboard[1].

    • [1] https://dashboard.tech.ec.europa.eu/qs_digit_dashboard_mt/public/extensions/CNECT_DIGITAL_dashboard/CNECT_DIGITAL_dashboard.html

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – EU Cohesion Policy – P-001314/2025(ASW)

    Source: European Parliament

    1. As underlined in the recent Commission’s communication on ‘The road to the next multiannual financial framework’[1] (MFF), it is imperative that the next EU budget plays a central role in promoting the EU’s sustainable prosperity and bolstering economic, social and territorial cohesion.

    2. In line with the political guidelines of the President of the Commission[2] and the above-mentioned communication, the future EU budget will include a strengthened cohesion and growth policy with regions at the centre. At the core of the modernised EU budget should be a plan for each country with key reforms and investments, and focusing on joint priorities, including promoting economic, social and territorial cohesion, which will be designed and implemented in partnership with national, regional and local authorities. Delivering on EU priorities must be done together — with Member States and their regions shaping many of the EU investments on the ground, and the EU budget supporting and incentivising their action. Cohesion policy will continue to support all regions, with particular attention to the less developed ones.

    3. The Commission is currently engaging with the EU institutions, including the European Parliament, Member States and stakeholders to help prepare the proposal for the next MFF, which it intends to present in July 2025.

    • [1]  https://commission.europa.eu/document/download/6d47acb4-9206-4d0f-8f9b-3b10cad7b1ed_en?filename=Communication%20on%20the%20road%20to%20the%20next%20MFF_en.pdf
    • [2]  https://commission.europa.eu/document/download/e6cd4328-673c-4e7a-8683-f63ffb2cf648_en
    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Waste water management and use of NRRP funds in the province of Caltanissetta: investigation into water treatment failures and suspicious financial flows – E-001303/2025(ASW)

    Source: European Parliament

    Almost all the agglomerations of the province of Caltanissetta are concerned by an ongoing infringement procedure for failure to comply with the Urban Wastewater Treatment Directive (UWWTD)[1].

    In that province, 13 agglomerations[2] are covered by the ruling of the Court of Justice of the European Union (CJEU)[3] that found Italy in breach of the UWWTD.

    In this regard, the replies submitted by Italy between 2022 and 2025 are under assessment and the Commission will decide in due course on the next steps to be taken.

    For three more agglomerations[4] covered by another case, the Commission decided in March 2024 to lodge an application with the CJEU[5]. In a third case[6], Italy was condemned on 31 May 2018[7] to pay a penalty payment for every six months of delay.

    In May 2022, there were still 66 non-compliant agglomerations, including Niscemi, corresponding to a penalty payment of EUR 22 562 033.

    Member States are primarily responsible for the application and correct implementation of EU law. The Commission will continue to monitor the implementation of the directive in the province of Caltanissetta in the context of the above-mentioned procedures.

    The Italian Recovery and Resilience Plan (RRP)[8] supports a number of projects on waste water to reduce the number of equivalent inhabitants residing in agglomerations non-compliant with the UWWTD[9] under investment M2C4.I4.4.

    Regarding this investment, the Commission positively assessed milestone M2C4-36 on the assignment of funding to project proposals in the context of the fifth payment request.

    The subsequent targets M2C4-37 and M2C4-38 on the reduction of number of equivalent inhabitants residing in agglomerations non-compliant with the UWWTD will be assessed after the submission of the relevant future payment requests.

    • [1] Council Directive of 21 May 1991 concerning urban waste water treatment (91/271/EEC), consolidated version, OJ L 135 30.5.1991, p. 40.
    • [2] San Cataldo Consortile, Butera, Campofranco, Delia, Gela, Marianopoli, Mazzarino, Milena, Montedoro, Serradifalco, Sommatino, Sutera, and Villalba in the framework of INFR(2014)2059. T his case covers over 600 agglomerations throughout the Italian territory.
    • [3] Judgment of the Court of 6 October 2021, Case C-668/19, European Commission v Italian Republic, ECLI:EU:C:2021:815.
    • [4] Vallelunga Pratameno, Santa Caterina Villarmosa, and Mussomeli in the framework of INFR(2017)2181. This case covers 179 agglomerations throughout the Italian territory.
    • [5] https://ec.europa.eu/commission/presscorner/detail/en/ip_24_1234. The case is currently pending (C-594/24).
    • [6] INFR(2004)2034.
    • [7] Judgment of the Court of 31 May 2018, Case C-251/17, European Commission v Italian Republic, ECLI:EU:C:2018:358.
    • [8] https://commission.europa.eu/business-economy-euro/economic-recovery/recovery-and-resilience-facility/country-pages/italys-recovery-and-resilience-plan_en
    • [9] Council Directive 91/271/EEC of 21 May 1991 concerning urban waste-water treatment, OJ L 135, 30.5.1991, p. 40-52.
    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Greece’s potential contribution to the EU green hydrogen strategy – E-000870/2025(ASW)

    Source: European Parliament

    Greece started long-term planning of its future hydrogen infrastructure development within the European Ten-Year Network Development Plan[1].

    The Greek hydrogen backbone project, which aims at connecting the future hydrogen production sites with Greek off-takers and European markets, is included in the Union list of Projects of Common Interest (PCIs) and Projects of Mutual Interest (PMIs)[2]. PCI status helps project development by providing streamlined permitting processes, and priority regulatory treatment.

    Given its PCI status, the Greek hydrogen backbone project is for example eligible for the financial support under the Connecting Europe Facility (CEF) under certain conditions.

    In 2025, the Commission allocated EUR 5.4 million to the project under CEF to support DESFA, the Greek transmission system operator, with studies that are necessary to realise this investment.

    The CEF support will de-risk and accelerate the project. Renewable hydrogen can be supported with the Modernisation Fund and Greece can take part in the auctions-as-a-service of the European Hydrogen Bank auctions under the Innovation Fund.

    The Commission is also in contact with the Greek administration for example within the context of Greece’s implementation of its recovery and resilience plan (RRP), which includes hydrogen-related actions[3].

    In addition, Greece like other Member States will need to transpose the recent EU hydrogen legislation, which includes the sectoral consumption targets for industry and transport under the revised Renewable Energy Directive[4] and the recast Gas Directive[5].

    The Commission is supporting Member States in this work through different means[6].

    • [1] https://www.entsog.eu/tyndp#entsog-ten-year-network-development-plan-2024
    • [2] https://ec.europa.eu/commission/presscorner/detail/en/ip_23_6047
    • [3] The Greek RRP includes a relevant reform on the framework for hydrogen, which shall include licensing and permitting procedures.
    • [4] Directive (EU) 2023/2413, transposition deadline 21 May 2025.
    • [5] Directive (EU) 2024/1788, transposition deadline 5 August 2026.
    • [6] This includes workshops on the consumption targets under the Renewable Energy Directive and a Q&A tool for Member States administrations on the Gas Directive.
    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Ensuring fair competition for farmers in the EU agricultural market in the future – E-000958/2025(ASW)

    Source: European Parliament

    The Commission is currently working on the next multiannual financial framework (MFF) and intends to present a proposal in July 2025.

    The Commission communication on the road to the next MFF highlights the importance of food security and nature protection for sustaining Europe’s quality of life and emphasises that a Common Agricultural Policy (CAP) that is fit for purpose must provide targeted support to farmers who need it most, work within planetary boundaries supporting positive environmental and social outcomes through rewards and incentives for ecosystem services and support the right enabling conditions for thriving rural areas.

    It must become simpler, targeted and find the right balance between incentives, investment and regulation, and ensure that farmers have a fair and sufficient income.

    The Vision for Agriculture and Food adopted on 19 February 2025[1] provides more details on how the future CAP will address the challenges and needs of the EU agrifood sector and rural areas.

    • [1] https://agriculture.ec.europa.eu/overview-vision-agriculture-food/vision-agriculture-and-food_en
    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Tourism development – E-001026/2025(ASW)

    Source: European Parliament

    Tourism is indeed contributing approximately 10% of GVA (Gross value added) to the EU, employing over 20 million people.

    The Commission has been working together with tourism stakeholders in supporting resilient, sustainable and digitally-fit European tourism along the priorities and actions agreed together under the Transition Pathway for Tourism and European Agenda for Tourism 2030.

    Transnational projects are supported by several EU programmes, such as Interreg, LIFE, Single Market Programme. For example, the Eurovelo project supported by the LIFE programme and managed by the European Cyclists’ Federation (ECF), is developing a network of 17 long distance cycle routes that cross and connect the whole of Europe.

    The 2021-2027 Interreg programmes have allocated almost EUR 2 billion from cohesion policy funds to finance projects under the specific objective tourism and cultural heritage, a key area for cooperation and regional development.

    There is a strong link between tourism and other EU priorities, such as enhanced research and innovation, environmental protection, and competitiveness.

    For example, INTERSMART is a transnational cooperation project co-financed under the Interreg Black Sea Basin programme where partners are working together to create a transnational Network for Interdisciplinary Solutions for Smart Sustainable Tourism and Services in the Black Sea Basin.

    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Managing the spread of the silver-cheeked toadfish in the Mediterranean – E-000785/2025(ASW)

    Source: European Parliament

    The Commission carried out a risk assessment for t he silver-cheeked toadfish (Lagocephalus sceleratus) under the Invasive Alien Species (IAS) Regulation[1] and proposed its inclusion on the list of IAS of Union concern in 2022. However, the proposal did not obtain the necessary support from the Member States.

    Measures addressing Lagocephalus sceleratus may be covered by the European Maritime, Fisheries, and Aquaculture Fund ( EMFAF)[2], in the framework of sustainable fishing activities, under the conditions set out in the EMFAF Regulation[3], provided that the Member State has set out such action in its Operational Programme.

    For instance, in Greece, under Specific Objective 1.6, EMFAF funds initiatives for ecosystem protection and IAS management. Measures aim to enhance knowledge and address IAS, mitigate their impact on biodiversity and consumer safety. Compensation for affected fishers is supported through impact assessments to ensure proper allocation of financial assistance.

    Action on IAS is a priority of the EU programme for the environment and climate action (LIFE)[4]. LIFE funding for the silver-cheeked toadfish will depend on whether relevant proposals are submitted and selected for funding in a competitive process.

    • [1] Regulation (EU) No 1143/2014 of the European Parliament and of the Council of 22 October 2014 on the prevention and management of the introduction and spread of invasive alien species, OJ L 317, 4.11.2014, p. 35.
    • [2] https://oceans-and-fisheries.ec.europa.eu/funding/emfaf_en
    • [3] Regulation (EU) 2021/1139 of the European Parliament and of the Council of 7 July 2021 establishing the European Maritime, Fisheries and Aquaculture Fund and amending Regulation (EU) 2017/1004, OJ L 247, 13.7.2021, p. 1-49.
    • [4] https://cinea.ec.europa.eu/programmes/life_en
    Last updated: 7 May 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Addressing the impact of the Carbon Border Adjustment Mechanism on the wind energy sector – E-000774/2025(ASW)

    Source: European Parliament

    The Carbon Border Adjustment Mechanism (CBAM) puts a carbon price on imports that is equivalent to that paid by EU producers under the EU Emissions Trading System (ETS).

    The CBAM thereby addresses the risk of carbon leakage, which could undermine the effectiveness of EU’s climate objectives. This makes the CBAM an essential tool for achieving a climate-neutral Union at the latest by 2050, in line with the Paris Agreement.

    As announced in the Steel and Metals Action Plan of 19 March 2025, the Commission will make a broad review of CBAM by the end of the year. As part of this review, it will make a first legislative proposal extending CBAM to certain downstream products for which there is a risk of carbon leakage.

    To mitigate the costs and administrative burden of the green transition as envisaged by the EU Green Deal, the Commission has taken measures to support EU industries.

    For instance, the Clean Industrial Deal, presented on 26 February 2025, highlights the importance of clean tech, which includes the wind energy sector, in driving future competitiveness, industrial transformation, and decarbonisation.

    The Clean Industrial Deal alone will mobilise over EUR 100 billion to support clean manufacturing in the EU.

    Further, the Commission presented on 26 February 2025 a package of CBAM simplifications, which will facilitate compliance with reporting requirements and simplify the authorisation of declarants, the calculation of emissions, and compliance with the financial liability.

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – BUDG-CONT-ECON – Presentation of Court of Auditors’ report on EFSI – 13.05 – NEW – Committee on Economic and Monetary Affairs

    Source: European Parliament

    ECA Special report 07/2025 © Image used under license from Adobe Stock

    On 13 May from 15:00 to 16:30, the BUDG, CONT and ECON committees have invited Mr Lefteris Christoforou, the European Court of Auditors’ Member who led the audit team of its Special report 07/2025 on “The European Fund for Strategic Investments”.

    Launched in 2015 by the European Commission and the European Investment Bank (EIB), the European Fund for Strategic Investments (EFSI) aimed at tackling the investment shortfall within the EU after the financial crisis, by mobilising an additional €500 billion in investments by 2022 through various debt and equity instruments. The initiative was supported by a €26 billion EU budgetary guarantee and €7.5 billion in EIB resources. According to ECA’ special report the programme made significant strides in addressing the investment gap. However, it fell short of its target, with an estimated overstatement of the reported amount of €503 billion by €131 billion (26%). This presentation will provide an opportunity for the ECA to share its findings and discuss them with the BUDG, CONT and ECON Members.

    MIL OSI Europe News –

  • MIL-OSI Economics: WTO members discuss pathways for sustainable agriculture in global trade

    Source: World Trade Organization

    In her opening remarks, Director-General Ngozi Okonjo-Iweala said that sustainable agriculture remains at the core of the WTO’s work and of critical importance to all members.

    “Agriculture is not merely another sector. It is the backbone of many economies, a huge employer in many countries, the lifeblood of rural development and the foundation of food security and nutrition. No society can be stable economically, financially or socially if its people are unable to reliably access affordable and nutritious food,” she said.

    The Chair of the General Council, Ambassador Saqer Abdullah Almoqbel of Saudi Arabia, underlined the importance of the retreat as the world stands at a critical juncture in global development.

    “With the world’s population expected to exceed 10 billion by 2050, the demand for food and resources is increasing exponentially. The intersection of trade and sustainable agriculture has never been more essential. It is key to achieving global food and livelihood security, promoting rural development, fostering economic growth and building environmental resilience,” he said.

    Experts from international and regional organizations shared insights on the foundational elements of sustainable agriculture, helping WTO members over the two-day retreat to engage, understand key issues, and appreciate diverse local and regional contexts.

    Takeaways from the retreat and suggestions from the chair will be circulated to members in the coming days.

    Share

    MIL OSI Economics –

  • MIL-OSI Economics: Before, during and after severe weather, Verizon’s got you

    Source: Verizon

    Headline: Before, during and after severe weather, Verizon’s got you

    NEW YORK – In response to the growing threat of severe weather, including hurricanes, wildfires, and tornadoes, Verizon is reaffirming its commitment to keeping customers connected. Through resilient network infrastructure, specialized response teams, and proactive community support initiatives, Verizon is prepared to support customers, communities, and public safety agencies when it matters most.

    “In the face of severe weather, we know our customers rely on Verizon. We understand the vital role connectivity plays in their life, and we work tirelessly to ensure that connectivity is there when they need us most,” said Joe Russo, Executive Vice President, Global Networks and Technology, Verizon. “That’s why we work year-round planning, building and fortifying our network operations to ensure we’re at our best when Mother Nature is at its worst.”

    Keeping you connected

    Verizon’s industry-leading network covers 99 percent of where people live, work and play. With built-in backup power, redundant fiber routes, and hardened infrastructure, our network is designed to withstand the harshest conditions. One hundred percent of Verizon’s macro cell sites have backup battery power, and in addition to permanent generators at critical network facilities and cell sites, we have more than 1,000 mobile generators on standby to maintain connectivity in the event of commercial power loss. Customers can always get real-time updates on the status of the network in their area via the Check Network Status tool on Verizon’s website or the My Verizon app.

    Verizon runs to a crisis to meet the needs of the communities it serves, with a fleet of resources and specialized teams staged across the country to support response and recovery operations:

    • Nearly 3,000 network and satellite assets are ready to deploy to the hardest hit areas to serve as mobile cell sites, temporary emergency command centers, and self-contained basecamp operations, or conduct drone missions for infrastructure assessments.
    • Across the country, there are teams of highly-specialized engineers and technicians who train throughout the year in HAZMAT, disaster response, and incident management who stand ready to deploy in the event of a crisis.
    • Verizon’s Global Event Management Center monitors weather and all -hazards 24/7 365 days to mitigate risk to our teams and network and leads overall coordination of our crisis response and recovery operations.

    Satellite when it matters most

    Verizon’s integration of satellite technology enhances network resilience and reliability, helping maintain vital connectivity when it matters most. In emergency situations where traditional cellular networks are impacted, satellite connections can provide a critical lifeline for Verizon customers. All Verizon customers with compatible devices can send text messages to any other customer device via satellite if terrestrial cellular network service is interrupted, ensuring continued communication with first responders, loved ones, and emergency services.

    Verizon also integrates the use of satellites in its fleet of portable assets used for storm recovery. Satellite linked mobile cell sites, satellite links on trailers and other satellite assets help restore service when fiber is damaged by natural disasters and provide additional coverage for search, rescue and response teams.

    Ready on the Frontline

    The Verizon Frontline Crisis Response Team stands ready to provide mission-critical communications support to public safety agencies responding to severe weather events – at no cost to the supported agencies.

    Primarily composed of former first responders and military members, the Verizon Frontline Crisis Response Team responded to more than 1,500 requests for support from more than 800 different federal, state and local public safety agencies across 46 states in 2024. That support has continued in 2025 with the team already responding to nearly 400 requests for support from more than 200 agencies within the first four months of the year.

    The Verizon Frontline Crisis Response Team provides on-demand, emergency assistance during crisis situations to public safety agencies and first responders on a 24/7 basis. Verizon Frontline Crisis Response Team members set up portable cell sites, Wi-Fi hotspots, charging stations and other Verizon Frontline devices and solutions that help enable communications and/or boost network performance for first responders.

    Verizon also recently announced the launch of the Verizon Frontline Network Slice in select markets nationwide, continuing to build on the company’s more than 30-year history of cutting-edge innovation in support of our nation’s first responders.

    The Verizon Frontline Network Slice is a 5G Ultra Wideband (UW) virtual network slice completely dedicated to public safety that allows for the allocation of network resources within Verizon’s network infrastructure. This helps provide first responders several key advantages including dedicated 5G UW network capacity, tailored performance, enhanced reliability and flexible scalability.

    Committed to the community

    Verizon’s long-standing commitment to disaster-impacted communities is expanding given the increasing frequency of weather-related natural disasters to enable communities to better prepare for, respond to, and recover from natural disasters.

    Verizon has rolled out flood sensor technology, in partnership with innovative start-up Hyfi, to use our network and data to spread urgent messages about flood risks within communities, helping people to confidently prepare for and mitigate their damaging effects. Hyfi’s high-tech, low-cost sensor runs on Verizon’s 5G network and provides stormwater managers with real-time data on current water levels and future flood risks. In fact, the stormwater sensors have rolled out in New Orleans and provided critical data to the city when Hurricane Francine hit in 2024. We have a goal to expand those flood sensors — along with other advanced technologies – to additional cities that are susceptible to weather-related disasters, such as Chicago, Detroit, Miami and Los Angeles.

    Verizon has also launched its Disaster Resilience Prize in partnership with MIT Solve to support tech advancement for game-changing technology that helps mitigate the effects of natural disasters.

    Partnering with United Way and Habitat for Humanity, Verizon is also rolling out comprehensive preparatory, response and recovery services across 15 cities, including workshops educating people on how to make personal emergency plans (such as safeguarding documents and making an escape plan), supporting nonprofits responding to specific weather-related events, and longer term recovery activities once disasters have struck (such as rebuilding homes, mental and emotional health services, long-term financial assistance, job assistance, and community clean ups).

    Ready to Serve

    With thousands of retail locations coast to coast, you’re never far from one of our retail stores. Our knowledgeable retail team can help make sure you have what you need in advance of severe weather and get you back up and running after. While storms and power outages can impact our retail hours, our website, www.verizon.com/stores, always has the latest information on store hours and locations so you can ensure we’re there when you need us most. And of course we’re always available online and via our My Verizon app.

    MIL OSI Economics –

  • MIL-OSI Australia: Interview with ABC News Breakfast

    Source: Australian Attorney General’s Agencies

    James Glenday, Host: On federal politics, Don Farrell joins us now from Parliament House. Don, good morning and welcome back to News Breakfast.

    Trade Minister, Don Farrell: Good morning, James.

    Glenday: On the final sitting day, could you have imagined returning to Canberra knowing that you’d knocked off the Liberal Party’s leader, Peter Dutton, and the leader of The Greens, Adam Bandt as well?

    Minister Farrell: Well, the truth is, James, I don’t think anybody could have predicted that. I was confident, based on the work that we’d done over the previous three years, especially in my space, of trade, that we would be returned and returned with a majority. But even I couldn’t believe the results as they came in on Saturday night. I think the Greens have suffered because so many times in the last Parliament they blocked sensible policies of the Albanese Government. They voted with the Coalition in the Senate to block, for instance, legislation on housing, sensible housing policy, and I think they’ve paid the political price for that.

    Glenday: This outcome must be deeply satisfying for you. Personally, I just wonder, have you ever felt so satisfied after an election win? Where does this rank? Is it the sweetest victory, almost a fairytale for Labor?

    Minister Farrell: Look, it doesn’t, doesn’t get any better than this, James. When you’ve been involved in politics as long as I have, this has to be the sweetest victory of all.

    Glenday: There you go. Now there’s a trade war happening. I’m not sure where you’re going to end up, but if you are reinstalled as Trade Minister, you’ll have a lot on your plate. Do you know where you’ll head?

    Minister Farrell: First of all, look, we’ve got a number of objectives that we will need to prosecute and prosecute very quickly. On election night I got messages from my European colleagues, they’re very keen to re-engage and have another crack at an EU free trade agreement. The EU has 450 million people, and a $17 trillion economy. They’ll be very important if we can get a breakthrough there. The Indians also contacted me. We were very close to a new free trade agreement with them and I think we can move very quickly now to finalise that agreement. And of course, in the next few weeks, our new free trade agreement with the United Arab Emirates, which sends all of our products into the UAE tariff free, will come into force and that will be important. And of course we, we want to continue discussions with the United States. We believe in free and fair trade and that’s the argument we’ll be prosecuting with them.

    Glenday: I think it’ll be closely watched. Do you expect to head to either China or to the States first?

    Minister Farrell: Look, we’ll worry about that after we know who the new Trade Minister is next week.

    Glenday: That’s fair.

    Minister Farrell: But we will move very quickly to ensure that Australia’s interests are protected here. China, of course, is our largest trading partner. We’re concerned about the tariff war between China and the United States. We believe in free and fair trade and we think that those tariffs should be removed on China.

    Glenday: Okay. You are a factional leader of the Labor right. You were once unkindly referred to as a faceless man. Of course you do have a face. And here you are speaking to us. What are you asking the Prime Minister for though? You’ve got a lot of influence as these Ministerial portfolios are carved up.

    Minister Farrell: A face that a mother could love. And they do call me other things too, by the way. That’s not the only thing they call me. Look, I’m not going to give the Prime Minister any advice on what he should do. He’s won a fabulous victory here. He ran a flawless campaign. His strategy throughout the whole of the last term was about getting reelected and continuing the policies that we took to the election. I’m very happy to leave it all to him and to accept whatever he might wish me to do in the new government.

    Glenday: Ok, just before I let you go, I want to get you on an international issue that’s been developing. Has the Albanese government made any contact with India or Pakistan regarding these cross border strikes we’re seeing?

    Minister Farrell: Look, that’s an issue of course, that is in the hands of our very competent and successful Foreign Minister, Penny Wong. But of course we don’t want to see any conflict in our region. We’d like to see an end to the conflict in the Middle East, the conflict in Ukraine, Russia, and we certainly don’t want to see any conflict in our own region.

    Glenday: And Don, just one last one. We saw smoke this morning from the Vatican. You went to the Pope’s funeral. I’m not sure what that was like, but do you have a personal preference of who the next Pope should be or the direction of the Catholic Church? I’m guessing this is outside the bounds of your factional influence.

    Minister Farrell: Well, as a matter of fact, James, I do have a personal favourite in the Conclave at the moment. And that is the Australian – Ukrainian Cardinal, Cardinal Bychok. I was lucky enough to meet with him twice while I was in Rome. He’s a very, very fine man. A very holy man. I’d like to see him as the next pope. My wife, on the other hand, who’s Filipino, she would like to see Cardinal Tagle as the next pope. And we also had the opportunity of meeting him at the Vatican. So, there’s a couple of candidates for you, James.

    Glenday: There you go. Well, we’ll have to wait and see if you’ve backed a winner there, Don Farrell, the Trade Minister. Perhaps the continuing Trade Minister. We’ll wait and see for that as well. Thank you so much for joining News Breakfast this morning.

    Minister Farrell: Thanks, James.

    MIL OSI News –

  • MIL-OSI New Zealand: Release: Unemployment remains high under National

    Source:

    Job losses remain stubbornly high under National, as their attack on jobs, wages, and women rages on.

    “This is the cost of a Government that governs by cuts: more Kiwis out of work and leaving for Australia, crumbling hospitals, and a shortage of affordable housing,” Labour finance and economy spokesperson Barbara Edmonds said.

    “They’ve also completely abandoned women’s equality with their shameful move to scrap pay equity claims. Women still have more than double the rate of underemployment as men. National has betrayed women on both fronts: jobs and wages.

    “These weak workforce numbers are the result of Nicola Willis and Christopher Luxon’s disastrous choices. They chose to scrap housing and infrastructure projects that our communities rely on. They chose to lay off thousands of public servants. They chose to weaken worker protections and cancel pay equity claims.

    “In the March 2025 quarter, 45,000 fewer New Zealanders were employed full-time, compared with the March 2024 quarter. We continue to lose thousands of construction jobs. Women’s unemployment also remains higher than the national average at 5.3%.

    “And as if high unemployment isn’t bad enough, Nicola Willis’ slash-and-burn Budget next week promises even more pain for Kiwis.

    “They’ve refused to rule out cuts to KiwiSaver and Best Start and they’re scrapping pay equity claims, all to fund tax cuts for landlords and handouts for tobacco companies. It’s outrageous that in their crusade for Budget surplus they’re taking it from women, families, and retirees.

    “Labour believes in rebuilding an economy that works for everyone, with well-paying jobs, quality healthcare, and affordable housing. We are fighting for equal pay and stronger protection for workers,” Barbara Edmonds said.

    Stay in the loop by signing up to our mailing list and following us on Facebook, Instagram, and X. 

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Pre-Budget speech to BusinessNZ

    Source: NZ Music Month takes to the streets

    Good afternoon everyone. 

    Today my intention is to put this year’s Budget in context. 

    First, I want to speak briefly about our economic recovery here at home, and why I remain confident despite international uncertainty. 

    Then I’m going to make the case for the two big priorities of Budget 2025, fiscal consolidation and economic growth: why they matter and some steps we’re taking to make them happen.

    It’s fair to say Budget 2025 arrives against a challenging international backdrop. 

    Trade tensions overseas have seen growth forecasts revised down across the world, as exporters and consumers come under sustained pressure. 

    The sharp deterioration of financial markets in early April have somewhat recovered in recent days and weeks, but markets remain volatile. 

    Experts offshore are leaning into the uncertainty. 

    The Bank of Canada even chose to publish two separate scenarios in their latest statement, instead of one single set of forecasts.

    I don’t blame them for having a bob each way. 

    For a small, open economy like New Zealand, the international environment clearly matters a lot, but I remain confident about our recovery. 

    Inflation remains anchored below 3 per cent, and interest rates continue to fall, supporting households with the cost of living and providing the foundation for a domestic economic recovery. 

    The Official Cash Rate has fallen considerably, from 5.5 to 3.5 per cent, with economists picking further cuts are on the way soon. 

    I acknowledge for households, interest rate relief will be a slow and steady process.  

    For example, according to the Reserve Bank, average interest rates on outstanding mortgages have only now fallen for just 4 months in a row, having previously risen for 37 months in a row. 

    The good news is that financial relief for households will keep rolling, with around $60 billion of mortgages set to roll-over in just the next three months. 

    In short, the trend is our friend, even if I know many families and businesses won’t be feeling that relief quite yet. 

    At the same time, an export-led recovery is now well underway in regional New Zealand. 

    Dairy prices are strong, despite global headwinds, supporting farmers to pay down debt and put more money back into rural communities. 

    Fruit exports are booming, hitting $5 billion in value in the 12 months to March, driven by a big jump in kiwifruit sales. 

    The tourism industry is also growing rapidly, with visitor numbers continuing to recover, now hitting 86 per cent of pre-COVID levels. 

    Total tourism expenditure was up 23 per cent in 2024.

    It’s not surprising then that the recovery is looking brighter in regional New Zealand, and the South Island in particular.     

    Just last week Westpac highlighted that in Otago, Canterbury, and Southland, consumer confidence and growth in retail activity is outpacing the rest of the country. 

    Our government is working hard to support that rural recovery. 

    A steady diet of pro-growth deregulation, a strong focus on RMA reform, and fresh efforts to break into new markets offshore are highlights of that agenda so far. 

    We know the difference quality trade agreements can make to our growth prospects. For example, in the 12 months since the EU FTA came into force, exports to the European Union grew by 25 per cent.

    For exporters, that’s worth an additional $1 billion. 

    Whether it’s CER, the CPTPP, the China, UK, or more recent UAE and GCC FTAs, our farmers and exporters are blessed by a latticework of trade agreements, negotiated successively by Ministers and diplomats over many years.

    Clearly India will be an important next step, and it was positive to see Minister of Trade Todd McClay announce on Monday that the first formal round of FTA negotiations kicked off this week. 

    That brings me to this year’s Budget.

    It won’t surprise you to learn that lifting New Zealand’s long run economic performance has been our primary focus in designing Budget 2025. 

    Yes, that has shaped decisions we have made on individual initiatives, some of which I’ll touch on shortly. 

    But our fiscal strategy, including our desire to return to surplus, and the wider impact on inflation, interest rates, and growth has also been front of mind. 

    You might have seen Nicola Willis announce last week that this year’s operating allowance would be smaller than previously signalled, at just $1.3 billion. 

    That will be the smallest operating allowance in a decade and ensures Treasury can still forecast a surplus within the next four years. 

    That was the right decision for several reasons. 

    First, it represents a fresh commitment to necessary fiscal consolidation. 

    In recent years, New Zealand has been living beyond its means and that has come at a significant cost. 

    Since 2017, net core Crown debt has risen by around $120 billion.

    Put another way, that’s $60,000 in additional debt for every household in New Zealand. 

    As a proportion of the economy, debt has ballooned from just 21.6 per cent of GDP in 2017, to around 43 per cent of GDP today, higher than it has been at any time since the 1990s. 

    At the same time, the cost of servicing our national debt has more than doubled, from $3.5 billion in 2017, to almost $9 billion today.

    In some areas, spending more is the right thing to do. 

    In health, education, law and order, defence, and transport my government is prioritising significant new investments. 

    Each of those areas are a priority for New Zealanders and they require more funding to deliver the quality services Kiwis expect. 

    But that comes with trade-offs.  

    Spending more on everything, as some commentators have called for, would mean larger deficits, more debt, and ultimately fewer choices in future budgets as the cost of servicing our debt grows even larger and the prospect of returning to surplus evaporates. 

    Managing and responding to critical risks is also more challenging with high levels of public debt. 

    New Zealand was well served in the Global Financial Crisis, following the Christchurch Earthquake, and during COVID because successive Ministers of Finance made difficult choices to ensure New Zealand had low levels of public debt. 

    Our responsibility is to do what we can to leave a similar inheritance for future administrations. 

    Second, a smaller allowance supports lower interest rates and stronger business activity. 

    Sadly, recent experiences have forced us to re-learn the fundamentals of economics, including the reality that if governments borrow and spend too much, interest rates are forced higher to compensate, putting pressure on family budgets and private sector activity. 

    The good news is that the converse is also true. 

    More restrained fiscal policy supports interest rates to remain low, enabling businesses to grow and families to get ahead under their own steam. 

    ANZ’s initial estimate last week was that the smaller operating allowance would support interest rates being 5-10 basis points lower than otherwise. 

    Meanwhile, Treasury has estimated that with a tighter budget package, interest rates would be up to 30 basis points lower by the end of the forecast period. 

    For a family with a mortgage, or a farmer or entrepreneur taking on debt to grow their business, that means real financial relief and more opportunity to get ahead. 

    Careful spending, low interest rates, and robust private sector growth sits at the very heart of our government’s economic strategy, as we create jobs, boost exports, lift incomes, and promote innovation and investment.

    Prudent fiscal management also supports our economic reputation offshore. 

    For a small-open economy like New Zealand that’s critical. 

    It means we can borrow more affordably when we have to, and guarantees that even in periods of global turmoil, we are a trusted destination for trade and investment. 

    Third, the smaller operating allowance was the right call because keeping our word matters.  

    Nicola Willis has been consistent in her commitment to deliver a path back to surplus and to maintain debt at prudent levels. 

    Conditions can and do change, but it is a credit to her that Budget 2025 demonstrates a return to surplus, despite a challenging global backdrop.  

    That’s the result you expect when you anchor Budget decisions in your fiscal strategy, instead of allowing the pressures of the day to drag you off course. 

    I know there are some commentators calling for larger allowances and more spending. 

    They need to be honest that those decisions will mean more debt, more deficits, and an indefinite delay to New Zealand’s return to surplus. 

    More debt and more deficits is a fiscal strategy – but for a small, internationally-exposed country like New Zealand, it’s also an incredibly risky one. 

    At the same time, just as grey clouds bring silver linings, even tight Budgets present opportunities. 

    In Budget 2025, we will be taking further steps in our long-term mission to lift economic growth and boost productivity.  

    Earlier this year, we published our Government’s Going for Growth Agenda, which outlines a range of actions we are taking to get the New Zealand economy moving and realising its vast potential.

    Each of those actions fits into one of five pillars we have identified as critical to lifting economic growth and improving New Zealanders’ standard of living:

    Developing talent,
    Encouraging innovation, science, and technology,
    Introducing competitive business settings,
    Promoting global trade and investment,
    And delivering infrastructure for growth.

    Each of those pillars will have strong representation in Budget 2025. 

    Today I want to touch on just a few of them – and some small steps we are taking to underpin our growth mission. 

    Encouraging science, innovation, and technology is one of those key pillars. 

    In January at my State of the Nation, I spoke briefly about our vision for the sector. 

    I want to see a much sharper focus on commercialisation, stronger ties to the business community, and rapid access to ideas and innovation from overseas. 

    Capital investment will be critical to our growth journey, but New Zealand won’t achieve a step-change in our living standards if we invest more but continue to lag behind the global technological frontier. 

    In Budget 2025, we will be allocating the funding we need to give effect to the changes I announced earlier this year, including the establishment of three new Public Research Organisations. 

    I also know that following a review of the Research and Development Tax Incentive that kicked off last year, the business community has been looking for some certainty on the future of the programme.

    That review was required in law, and the final report has not yet been tabled in Parliament. 

    However, I can confirm today that we are retaining the RDTI in this year’s Budget so businesses have the certainty they need to keep investing and keep going for growth.

    Promoting global trade and investment has also been a focus of my government in 2025, even before the recent bout of uncertainty offshore. 

    As I said earlier, part of that task has been to bring fresh energy to New Zealand’s proud history of achieving trade agreements offshore, with Minister of Trade Todd McClay finalising two new trade agreements in the Middle East, while we continue to work hard towards a trade agreement with India. 

    But promoting New Zealand as an attractive destination for investment, and a shelter from the global storm, has also been a personal focus of mine. 

    In March, the government hosted an Investment Summit here in Auckland, with attendees representing an estimated $6 trillion in capital, as we showcased opportunities to partner with the Crown, Iwi, and the private sector.

    We are seeing some real progress, including an outstanding deal worth around $1 billion signed by Waikato Tainui and Brookfield Asset Management to further develop the Ruakura Inland Port.

    But of course, I want to see more. 

    Yes, that means getting the structural settings right, including rewriting the Overseas Investment Act, so major investments from offshore are consented faster and more reliably. 

    But for small countries – who have to compete hard for share of mind and share of wallet – we also need a team of national champions constantly making the case for New Zealand as an outstanding place to do business. 

    In January, I announced that team would be led by Invest NZ, an entity specifically responsible for attracting investment to New Zealand, and providing the critical concierge services that have allowed other countries like Ireland and Singapore to punch above their weight. 

    I can confirm today that funding will be allocated for Invest NZ in Budget 2025, ensuring they can crack on and get the job done. 

    Modern, reliable infrastructure – and my government’s efforts to deliver more of it to communities right across the country – will also play a major role in our Going for Growth plan.

    It’s why capital expenditure, including for frontline services like health and education, will be a priority in Budget 2025. 

    As I acknowledged earlier, the operating allowance in this year’s Budget will be a little smaller than previously signalled. 

    However, total capital expenditure allocated in the Budget is a little higher than forecast at $6.8 billion – split across health, education, defence, transport, and other portfolios. 

    When that is offset by savings identified in this year’s budget, it means the net capital allowance is $4 billion, compared to $3.6 billion previously signalled in the Budget Policy Statement. 

    For businesses, that investment represents an opportunity to develop critical skills and capability, promoting growth for many years to come. 

    For Kiwis, it will mean another big investment in the quality frontline services, like health and education, they deserve. 

    The two remaining pillars, our efforts to develop talent and to promote competitive business settings, will also feature prominently in the Budget, but I won’t be making be making announcements in those areas today.

    However, as Nicola Willis confirmed last week and I can confirm again today, there will be a small number of measures in this year’s Budget designed to make it easier for businesses to invest, whether they are based here or offshore.

    If we really want to create high-paying jobs, lift incomes, and make New Zealand a hub for innovation and investment, we need to make our business environment much more attractive. 

    I’m optimistic that Budget 2025 will take some positive steps in that direction. 

    The Minister of Finance was right last week to say Budget 2025 won’t be a lolly scramble.

    It’s not that we can’t afford it, although frankly we can’t. 

    It’s not that it wouldn’t feel good, because it might, for a little while. 

    No, it’s that we have a responsibility to stay disciplined and keep our eyes on the prize. 

    So far, we’re making real progress.

    Inflation is down, interest rates are falling, exports are rising, and the economy is growing. 

    For many New Zealanders, the prospect of a growing economy and rising incomes means a real shot at getting on top of the cost of living. 

    Now is not the time to put that risk. 

    In Budget 2025 that means staying focused, getting back to surplus, and maintaining a relentless focus on economic growth. 

    But for Kiwis, it’s about more than just the dollars and cents. 

    Lower inflation means less stress and less heartbreak, as prices stop skyrocketing and families finally stop falling behind. 

    Lower interest rates means a house becomes a home, not a source of pain and frustration as mortgage repayments crush weekly budgets. 

    And more economic growth means thriving local businesses, higher wages, more jobs, and ultimately more money in your back pocket.

    It means a chance to get ahead and beat the cost of living.  

    And it means we can have confidence that our best days lie ahead.

    New Zealand is the best country on Planet Earth.

    With the right choices, I think we can make it even better. 

    Thank you.

    MIL OSI New Zealand News –

  • MIL-OSI: MoneyMutual Under Review: Best Bad Credit Loan Provider for Short-Term Fast Cash Advance by Money Mutual

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, May 07, 2025 (GLOBE NEWSWIRE) —

    In This Article, You’ll Discover:

    • Why millions of Americans face rejection from traditional lenders due to bad credit, and the real-world consequences of poor credit scores
    • How Money Mutual connects borrowers with a trusted network of short-term loan providers for fast cash advances
    • The exact step-by-step process to apply for a bad credit loan through the MoneyMutual platform
    • Key features and benefits that make Money Mutual the best bad credit loan provider in 2025
    • Transparent insights into loan terms, lender practices, and security protections
    • Common use cases include rent emergencies, medical expenses, car repairs, and more, as well as what to consider before borrowing.
    • Disclaimers on medical and financial topics to ensure responsible borrowing decisions
    • Real user experiences and what you can expect when applying for a cash advance online through MoneyMutual
    • Frequently asked questions about bad credit loans, loan approvals, repayment terms, and state availability.
    • A final verdict on whether MoneyMutual is the right short-term loan solution for your situation

    TL;DR Summary

    MoneyMutual is widely considered one of the best bad credit loan providers in 2025, offering a fast and secure way for borrowers to connect with short-term lenders, even if they have poor or no credit. Through its online loan marketplace, MoneyMutual simplifies the application process and gives users access to a vast lender network ready to offer payday loans, installment loans, or fast cash advances in urgent situations.

    This article explores why borrowers with low credit scores often face barriers in traditional finance and how MoneyMutual helps address these challenges. We walk through how the loan process works, what fees and terms to look for, and how MoneyMutual maintains user privacy and security.

    With embedded disclaimers for medical and financial content, pricing transparency reminders, and practical use cases from rent payments to car repairs, this in-depth review helps you make an informed decision.

    Whether you’re navigating an emergency expense or seeking a more inclusive financial solution, this article will guide you step by step through what makes MoneyMutual a standout in the short-term lending space.

    Financial Emergency? Here’s a Trusted Solution

    Introduction to the Modern Financial Crisis

    In today’s fast-paced world, financial stability can feel increasingly out of reach. Rising housing costs, unpredictable job markets, healthcare expenses, and student loan debt are just a few of the daily realities pushing Americans closer to the edge. For many, a single unexpected bill or emergency expense can create a serious shortfall, especially if traditional lending options are unavailable due to credit score issues.

    Unfortunately, millions of people in the United States are denied personal loans simply because of a low credit score. Banks and credit unions tend to favor borrowers with excellent credit, leaving the rest scrambling for alternative funding solutions. This is especially frustrating when the need is urgent, such as rent, utilities, medical co-pays, or car repairs.

    If you’ve ever found yourself in this situation—pressing financial need and limited credit options—you’re not alone. But there is a solution tailored for individuals facing these challenges.

    MoneyMutual is an online loan marketplace that specializes in helping people find short-term loans, even if they have a bad credit history. By connecting borrowers with a network of trusted lenders, MoneyMutual provides an opportunity to get fast cash advances, often with same-day or next-day funding.

    This article is designed to help you understand exactly how MoneyMutual works, what makes it stand out in the world of bad credit loans, and how it might offer a financial lifeline during your time of need. We’ll cover everything from the emotional weight of financial stress to how MoneyMutual simplifies the borrowing process in a secure, user-friendly way.

    Disclaimer: MoneyMutual is not a direct lender and does not issue loans. This article is for informational purposes only and should not be considered financial advice. Always consult a qualified financial professional regarding your unique circumstances.

    Understanding the Pain: Why So Many Struggle with Bad Credit

    The Hidden Weight of a Low Credit Score

    For millions of Americans, financial challenges aren’t just occasional—they’re chronic. A low credit score can feel like a permanent roadblock, one that follows you into every financial decision. Whether you’re applying for an apartment, securing a mobile phone plan, or seeking a loan to handle an emergency expense, your credit report becomes the gatekeeper.

    But how did so many end up here? For most people, bad credit isn’t the result of irresponsible behavior—it’s often caused by life events outside of their control. Medical emergencies, job loss, sudden rent increases, divorce, or simply living paycheck to paycheck can send a credit score into a downward spiral.

    Key reasons why credit scores drop include:

    • Missed or late payments due to income gaps
    • Over-reliance on credit cards in times of need
    • Unexpected emergencies that require borrowing without immediate repayment ability
    • Limited credit history for younger borrowers or immigrants
    • High debt-to-income ratios that trigger score penalties

    The truth is, a bad credit score doesn’t reflect your character—it reflects your circumstances. And unfortunately, traditional banks and credit unions rely heavily on these scores when making decisions. That means people with poor credit are routinely denied access to affordable financial tools—even when they’re trying to recover and rebuild.

    This cycle creates a painful paradox: you can’t get a loan because your credit is poor, but you can’t improve your credit without responsible borrowing and repayment. It’s here that alternative lending options step in as a bridge, particularly platforms like MoneyMutual that offer fast, practical access to bad credit loans from vetted short-term loan providers.

    The Emotional Toll of Being Denied Financial Help

    Beyond the numbers, the emotional weight of repeated loan denials can’t be ignored. Financial stress is one of the leading causes of anxiety, depression, and tension within families. The feeling of being trapped—with bills piling up and no clear way out—can be paralyzing.

    People don’t just need money. They need dignity, speed, and trust. They want to know that someone is willing to give them a second chance, without judgment or red tape. That’s why platforms like MoneyMutual are gaining traction—because they’re structured to meet people where they are, not where the system thinks they should be.

    Disclaimers for Responsible Use

    MoneyMutual is not a credit repair service or a guaranteed approval platform. It connects borrowers to lenders who may be able to offer short-term financial support. Borrowers should review all loan terms thoroughly and borrow responsibly. This article does not constitute financial advice.

    Facing a cash emergency? Get matched with trusted lenders in minutes—apply through MoneyMutual now and access up to $5,000 fast, even with bad credit!

    What Is Money Mutual? A Complete Breakdown

    The Marketplace That Changed the Lending Game

    When you’re in need of fast funding and traditional lenders have turned you down, the search for a safe, trustworthy, and efficient loan solution can feel overwhelming. This is where Money Mutual stands out as a top-rated online loan marketplace specifically designed to help people with bad credit find short-term financial relief, without unnecessary delays or red tape.

    Unlike traditional banks or payday storefronts, Money Mutual doesn’t issue loans itself. Instead, it functions as a secure online platform that connects borrowers with a large network of lenders who are willing to work with individuals in urgent financial situations, even if they have a low credit score or no credit history at all.

    How Money Mutual Works

    The core of MoneyMutual’s value lies in its simplicity. The process is structured to be fast, accessible, and transparent:

    • Step 1: Submit a secure request form online. The platform asks for basic financial and personal information to match you with potential lenders.
    • Step 2: Review loan offers. Based on your input, you’re connected with lenders who are likely to approve your request. You can then review the terms of any offers, including the loan amount, fees, and repayment schedule.
    • Step 3: Accept and receive funds. Once you agree to a loan offer, the lender will disburse funds, often as quickly as the next business day.

    This streamlined system eliminates the need for lengthy interviews or in-person credit checks. In many cases, the process from application to funding takes less than 24 hours.

    Key Features That Set MoneyMutual Apart

    • Wide Lender Access: With over 60 lenders in its network, MoneyMutual offers access to a competitive marketplace.
    • No Upfront Fees: Using MoneyMutual to submit a loan request is completely free to the consumer.
    • No Credit Discrimination: Borrowers with bad credit, limited credit history, or prior loan denials can still find funding options.
    • Fast Turnaround Times: Some borrowers report same-day approval and funding by the next business day.
    • Fully Online Platform: There are no storefronts or paperwork—everything is handled securely online.
    • Data Encryption & Privacy: The platform uses bank-level encryption to ensure your personal and financial data stays protected.

    Disclaimer: MoneyMutual is not a lender and does not make credit decisions. It simply connects you to third-party lenders who make the final decision on loan offers and terms.

    Transparency and User Control

    One of the biggest advantages of MoneyMutual is that it gives borrowers control and visibility before they commit. Each lender outlines their own repayment schedule, fees, and terms, and borrowers are encouraged to take their time reviewing offers.

    There’s no obligation to accept a loan once you’re connected with a lender.This empowers consumers to make informed decisions based on what’s realistic for their income and repayment ability.

    Pricing & Offer Variability

    Because MoneyMutual works with a range of lenders, pricing and interest rates will vary from one offer to another. Factors that affect your loan terms may include:

    • The amount requested
    • State-specific regulations
    • Your income and employment history
    • The lender’s own underwriting policies

    Disclaimer: All loan terms, fees, and APRs are determined by the lender you choose. For the most accurate and updated pricing information, please visit the official MoneyMutual website. Pricing is subject to change at any time.

    Need rent or car repair help today? MoneyMutual connects you with real lenders ready to fund—start your free application now and get cash as soon as tomorrow!

    The Short-Term Loan Process Explained: Step-by-Step

    A Simple, Fast, and Transparent Application Journey

    Applying for a short-term loan can feel daunting, especially if you’ve been rejected before or have never used an online loan service. That’s why Money Mutual has focused on streamlining the borrower experience to ensure that users can access funds quickly, without sacrificing security or clarity.

    Let’s walk through the entire loan application process, from beginning to end, so you’ll know exactly what to expect.

    Step 1: Complete the Secure Online Request Form

    The process begins with a short, easy-to-complete form on the official MoneyMutual website. You’ll provide basic information such as:

    • Full name, address, and contact details
    • Employment status and income level
    • Banking information for direct deposit (used only if a loan is funded)
    • Desired loan amount and purpose (optional but helpful for lenders)

    The entire form is encrypted and protected by bank-grade security protocols, ensuring your information remains confidential.

    Step 2: Get Matched With Lenders

    Once your request is submitted, MoneyMutual uses its algorithm to connect you with one or more lenders in its private network who may be willing to extend an offer, regardless of your credit score. Unlike traditional lenders, these third-party providers often specialize in bad credit loans and understand the urgency behind short-term funding needs.

    If a match is found, you’ll be redirected to that lender’s offer page to review the proposed terms.

    Step 3: Review Your Loan Offer Carefully

    This is where transparency matters. Each matched lender provides you with detailed loan terms, including:

    • Loan amount
    • Estimated APR (Annual Percentage Rate)
    • Repayment schedule (e.g., due on your next payday or spread over several weeks)
    • Applicable fees and conditions

    You are under no obligation to accept any offer. If it doesn’t work for your situation, you can walk away without penalty.

    Disclaimer: MoneyMutual does not dictate or set loan terms. The lender you are connected with will determine the details of any potential offer.

    Step 4: Accept the Offer and Receive Funds

    If you choose to accept the loan offer, you’ll finalize the agreement directly with the lender, usually electronically. Most lenders provide fast funding, and in many cases, funds are deposited into your account by the next business day.

    Some borrowers have even reported same-day funding depending on when they submitted their request and how quickly the lender processed it.

    Step 5: Repay the Loan Based on the Agreed Terms

    Repayment is handled directly between you and the lender. Payments are typically debited from your bank account on the due date(s) outlined in your agreement. Many lenders offer flexible schedules and early repayment options.

    Borrower Tip: Read the Fine Print

    Before signing, always take time to read and understand the full loan agreement. Look for:

    • Late payment fees
    • Early repayment policies
    • Automatic renewal or rollover clauses

    These details affect the total cost of borrowing and can help you avoid surprises down the line.

    Disclaimer: Interest rates, repayment terms, and other conditions vary by lender and are subject to change. For current details, always check the official MoneyMutual site and the lender’s terms directly.

    Don’t let bad credit hold you back—MoneyMutual’s free service helps you find emergency loans fast. Apply now and get the financial relief you deserve!

    Why Money Mutual Is the Standout Choice

    What Sets It Apart From Other Bad Credit Loan Platforms

    When facing a financial emergency, your choice of lender—or loan marketplace—can significantly impact both your short-term relief and your long-term financial health. While many websites advertise quick cash loans or bad credit funding, few offer the transparency, ease-of-use, and borrower-first approach that MoneyMutual brings to the table.

    Here’s why MoneyMutual is consistently recognized as a top choice for bad credit loan solutions in 2025.

    A Trusted Network of Lenders

    MoneyMutual has built a reputable and vetted lender network that focuses specifically on consumers with limited credit options. Unlike sketchy loan sites or spam-heavy platforms, MoneyMutual only connects borrowers to legitimate lenders who follow compliance standards.

    With over 60 providers in its network, the platform allows you to compare offers and choose the best one, empowering you to make informed financial decisions, even when your credit score is less than ideal.

    No Fees to Use the Platform

    One of the most user-friendly aspects of MoneyMutual is that it’s completely free to use. You’ll never be asked to pay a fee to submit your loan request or access lender matches.

    Instead, MoneyMutual earns from its relationships with lenders, not borrowers, ensuring that you’re not charged simply for trying to get help.

    Disclaimer: While MoneyMutual doesn’t charge users, individual lenders may charge fees based on loan terms. Always review these terms before proceeding.

    High Approval Potential for Bad Credit Borrowers

    Traditional banks typically require strong credit scores and lengthy application processes. In contrast, MoneyMutual connects borrowers to lenders who understand that your score doesn’t always reflect your current ability to repay.

    With fewer barriers and no hard credit inquiry required to start, your odds of receiving a loan offer through MoneyMutual are significantly higher than through conventional lending channels.

    Even applicants with sub-600 credit scores, limited credit history, or recent financial hardship can often find same-day or next-day funding options.

    Lightning-Fast Turnaround Times

    In an emergency, time matters. That’s why many borrowers turn to MoneyMutual: the process from submission to funding can take as little as 24 hours.

    After you’ve been matched with a lender and approved, funds are typically deposited directly into your bank account, so you can handle urgent expenses like rent, car repairs, or overdue bills without delay.

    Full Transparency in the Loan Process

    Unlike other platforms that push aggressive marketing or bury loan terms in fine print, MoneyMutual ensures that:

    • You receive clear terms before accepting any loan
    • You’re free to walk away at any point before finalizing an agreement
    • There’s no obligation to accept any lender’s offer

    This level of transparency is one of the reasons Money Mutual consistently ranks among the best online marketplaces for bad credit loans.

    Disclaimer: All loan terms, fees, repayment periods, and interest rates are determined solely by the lender. For the most accurate and up-to-date information, visit the official Money Mutual website.

    Built for Mobile, Built for You

    In a mobile-first world, accessibility matters. Money Mutual’s platform is fully optimized for mobile and tablet users, making it possible to apply and respond to lender offers on the go. Whether you’re at work, at home, or in between, you’re never out of reach from the loan support you need.

    Apply today with MoneyMutual and skip the bank hassle—fast, secure, and 100% online access to lenders offering short-term loans with no upfront fees!

    Common Use Cases: Real Financial Relief

    Everyday Emergencies That Demand Quick Action

    One of the reasons MoneyMutual has become such a popular choice for borrowers is its ability to meet people where they are—at the intersection of urgency and limited credit options. Life doesn’t wait for a loan approval from a traditional bank. And when cash is tight, even minor disruptions can turn into full-blown crisis.

    MoneyMutual provides a streamlined way to obtain short-term loans that can help manage the most common—and often stressful—financial situations.

    Rent and Utility Bills

    Missing rent by just a few days can lead to eviction warnings or late fees. Similarly, unpaid utility bills can result in service interruptions. These are the types of scenarios that demand immediate access to emergency funds.

    With fast cash advance options from MoneyMutual’s network of lenders, qualified borrowers can potentially receive funding in time to stay in their home and keep the lights on.

    Medical Emergencies

    A trip to the ER, unexpected prescriptions, or urgent dental work can cost hundreds—or even thousands—of dollars. For individuals without sufficient health insurance or savings, this can be financially devastating.

    Disclaimer: MoneyMutual and its lending partners do not offer medical advice or cover healthcare services. The platform is a financial service provider. For medical issues, please consult a licensed healthcare professional.

    That said, the speed of funding provided through MoneyMutual can be a useful tool to help address unexpected medical costs, especially when traditional financing is not accessible.

    Car Repairs and Transportation Needs

    A vehicle breakdown can be more than just an inconvenience—it can be a job-threatening event. Whether it’s a flat tire, a dead battery, or a failed transmission, these costs often arise without warning.

    MoneyMutual’s same-day loan options allow you to get back on the road without having to wait weeks for a credit union’s approval or pawn off personal belongings to make ends meet.

    Groceries and Family Expenses

    When paychecks are delayed or hours are cut, covering basic needs like groceries, diapers, or school supplies becomes a struggle. A short-term loan can provide a critical buffer during these tight times, especially for parents balancing multiple responsibilities.

    Debt Consolidation or Catch-Up Loans

    In some cases, borrowers use MoneyMutual to consolidate smaller debts or catch up on payments that are just a few weeks behind. While these loans aren’t meant for long-term debt restructuring, they can offer some breathing room while you rework your finances.

    Disclaimer: Borrowers should not rely on short-term loans as a long-term financial strategy. These loans are best used for immediate needs and emergency expenses. Always review terms carefully and consider your ability to repay.

    Pricing, Terms & Transparency

    What to Expect Before You Borrow

    One of the biggest concerns for anyone seeking a loan—especially with bad credit—is knowing what the actual cost will be. Will there be hidden fees? Sky-high interest rates? Penalties for early repayment? MoneyMutual helps take the guesswork out by ensuring that borrowers can review the loan terms upfront before making any commitments.

    It’s important to note that MoneyMutual is not a direct lender. Instead, it serves as a connector to a wide network of short-term lenders—each with their own pricing models and terms.This means your individual experience may vary depending on the lender you’re matched with.

    Loan Amounts and Repayment Schedules

    Money Mutual’s lender partners typically offer short-term loans ranging from $200 to $5,000, although exact figures depend on your income, location, and state laws. Repayment is generally expected in full on your next payday or may be scheduled over a few installment payments, depending on the lender’s policies.

    • Short-Term Payday Loans: Typically due on your next payday, with a lump-sum repayment.
    • Installment Loans: Spread over weeks or months, with set monthly payments.
    • Cash Advances: Designed to cover immediate financial needs, often repaid in a few weeks.

    Interest Rates and APRs

    Because MoneyMutual works with a wide range of lenders, the Annual Percentage Rate (APR) you receive can vary greatly. Lenders factor in your income, credit history (if checked), and state lending limits.

    Typical APR ranges may fall between 200% to 650% for short-term payday loans—although this can fluctuate.

    Disclaimer: APRs and loan costs vary significantly between lenders. Always read the full terms of your offer carefully before accepting. For the most accurate and current pricing, please visit the official MoneyMutual website. Pricing is subject to change at any time.

    No Hidden Fees From the Platform

    Submitting a loan request through MoneyMutual is 100% free. The platform does not charge users for access or for getting matched with a lender. However, the lender you choose may charge origination fees, late fees, or other penalties based on the loan terms.

    That’s why MoneyMutual emphasizes transparency: all offers must include full cost disclosures, repayment terms, and fees, so you can make an informed choice.

    Borrower Protections and Opt-Out Flexibility

    One of the platform’s standout features is that you’re never locked in. You can walk away from any offer at any point before signing the loan agreement. This gives borrowers the chance to pause, review, and make thoughtful decisions without pressure.

    It’s also worth noting that MoneyMutual does not perform hard credit checks when you submit a request—so your credit score won’t be affected just by exploring options.

    Security, Support, and Privacy

    Why Trust Matters in Short-Term Lending

    In an industry often criticized for shady practices and predatory behavior, Money Mutual has earned a reputation for transparency, data security, and ethical borrower support. When you’re already navigating a financial crisis, the last thing you need is to worry about whether your personal information is safe.

    That’s why MoneyMutual has built its platform with a security-first infrastructure and a privacy policy that clearly outlines how your data is collected, stored, and shared.

    Secure Application Technology

    MoneyMutual uses bank-level encryption (SSL 256-bit) throughout its application process. When you enter your details—such as income, employment status, and banking information—they are securely transmitted and stored only as needed to complete the loan request process.

    Only the matched lender receives your data for consideration. There’s no data-sharing with third parties for marketing purposes, and your personal information isn’t sold or exposed to unauthorized parties.

    This level of encryption is the same standard used by major financial institutions to protect sensitive data, and it’s one of the reasons the platform has maintained consumer trust for over a decade.

    Borrower Support and Accessibility

    While Money Mutual is a digital-first platform, it also offers support features designed to guide borrowers through the loan process. Users can:

    • Access FAQs and educational resources via the website
    • Use clear navigation tools and prompts to avoid confusion during applications
    • Reach out to Money Mutual’s support team via web-based inquiries for assistance with technical issues

    Keep in mind that loan-specific questions (such as repayment dates or lender terms) are handled directly by the lender after an offer is accepted. However, MoneyMutual remains available to address platform-related concerns or issues with access.

    Mobile Optimization for On-the-Go Access

    MoneyMutual is fully mobile responsive, meaning you can securely apply for a short-term loan or review lender offers using your phone or tablet—ideal for borrowers managing emergencies while on the move.

    Whether you’re at work, in transit, or at home dealing with a financial hurdle, MoneyMutual ensures that safe access to fast cash offers is never more than a few taps away.

    No more loan denials! Join over 2 million users who found relief through MoneyMutual. Apply now and take control of your financial situation today.

    Potential Drawbacks and Warnings

    What to Know Before You Borrow

    While MoneyMutual offers a convenient and fast way to access short-term loans, it’s important to recognize that not every financial solution is right for every situation. As with any loan product—especially those involving bad credit or emergency funding—there are risks and limitations to keep in mind before proceeding.

    This section is designed to give you a realistic understanding of where potential issues can arise and how to navigate them responsibly.

    Short-Term Loans Can Carry High Interest

    Many of the lenders within MoneyMutual’s network offer payday loans or cash advances, which are typically due in full on your next payday. While this can provide fast access to funds, it also means a very short repayment window—often just 2 to 4 weeks.

    If you can’t repay the loan in full by the due date, some lenders may offer rollover or renewal options—but these can trigger additional fees and increase the total cost of the loan dramatically.

    Disclaimer: Short-term payday loans may carry high APRs and fees. These products are designed for emergency use only. Always read your loan terms carefully and assess your ability to repay before accepting an offer.

    Loan Terms Vary by Lender

    Because MoneyMutual is not a lender, it cannot guarantee loan terms, interest rates, or approval. All of these are decided solely by the third-party lender you’re matched with.

    This means:

    • Not everyone will qualify
    • Loan terms may vary widely
    • Offers may include origination or late fees based on lender policies

    It’s essential to treat every loan offer with the same caution you’d apply to a contract. Don’t rush to accept simply because you need funds urgently.

    Not a Long-Term Financial Strategy

    Money Mutual’s platform is built for short-term relief, not long-term financial management. If you’re facing persistent debt or income challenges, a debt management plan, credit counseling, or budget restructuring may be more sustainable.

    Disclaimer: Money Mutual’s services are not intended as a replacement for long-term financial planning. For ongoing financial hardship, seek guidance from certified financial advisors or nonprofit debt support programs.

    Real Customer Experiences and Testimonials

    What Borrowers Are Saying About Their MoneyMutual Experience

    When it comes to financial services—especially those targeting consumers with bad credit—trust is built not just on features, but on real-world outcomes. While every borrowing experience is unique, hearing how others navigated the process can help you make a more informed decision.

    While MoneyMutual does not host user reviews directly on its site, a scan of public forums, review aggregators, and financial blogs shows a range of authentic customer feedback, much of it centered around speed, simplicity, and access.

    Common Positive Experiences

    Across various review platforms, several themes continue to surface:

    • Fast response times: Many borrowers report being contacted by lenders within minutes of submitting their loan request through the MoneyMutual site.
    • Ease of application: Users with little or no experience in online lending highlight how intuitive and fast the form was to complete.
    • Relief during emergencies: Customers share stories of how they used MoneyMutual to cover rent shortfalls, car repairs, or unexpected family needs.
    • High approval odds: Even borrowers with credit scores below 600 mention receiving loan offers—something rarely experienced with banks.

    One reviewer noted, “I didn’t think I would get approved anywhere, but MoneyMutual matched me with a lender who funded $600 in my account by the next day. It helped me avoid eviction.”

    Another stated, “I’ve used it twice now. No one pressured me to accept anything, and I liked being able to compare lenders before making a decision.”

    Things to Watch For

    Some borrowers also point out areas to be cautious with:

    • Loan costs vary significantly: A few reviewers mentioned being surprised by high interest rates after clicking through to lender sites.
    • Lender communication quality: While MoneyMutual itself provides a smooth user experience, interactions can vary based on the lender you’re matched with.

    These accounts reinforce the importance of reading all terms thoroughly and understanding the true cost of the loan before accepting.

    Disclaimer: Individual results will vary. Testimonials are for illustrative purposes only and do not guarantee similar outcomes. Always review terms directly from the lender.

    Your emergency doesn’t wait—and neither should you. Start your free MoneyMutual application now and connect with lenders offering fast funding!

    Frequently Asked Questions

    Everything You Need to Know About Using Money Mutual

    If you’re exploring Money Mutual as a solution for bad credit loans or fast cash advances, these frequently asked questions address the most important concerns potential borrowers have before applying.

    Can I really get a loan with bad credit through Money Mutual?

    Yes. MoneyMutual specializes in helping borrowers with bad credit find short-term loan offers through a network of trusted lenders. Even if you’ve been denied elsewhere due to a low credit score, you may still qualify for a cash advance or installment loan using the platform.

    Disclaimer: Approval is not guaranteed. Loan decisions are made solely by third-party lenders.

    Is MoneyMutual a legitimate platform for fast loans?

    Yes. MoneyMutual is a well-established online loan marketplace that has helped over 2 million users connect with lenders offering emergency loans, payday loans, and bad credit personal loans. It uses encrypted technology and complies with industry standards to protect your information.

    How much money can I borrow through MoneyMutual?

    Loan offers typically range from $200 to $5,000, depending on your income, location, and lender qualifications. These loans are designed for short-term financial needs like rent, car repairs, or medical bills.

    Disclaimer: Final loan amounts, rates, and terms vary by lender. Always review your offer carefully.

    Does applying affect my credit score?

    No. When you submit a request through Money Mutual, it does not trigger a hard credit inquiry. Your credit score remains unaffected unless you accept a loan and the lender performs a check during their final approval process.

    How fast will I receive the funds?

    Many borrowers receive their loan funds within 24 hours, and in some cases, even on the same day. This makes MoneyMutual ideal for urgent financial situations requiring fast cash.

    Are there any fees to use Money Mutual?

    No. Submitting a loan request on MoneyMutual is completely free. You will never be charged to use the platform. Any fees or interest rates come from the lender directly.

    What types of loans are available?

    MoneyMutual helps users connect with lenders offering:

    • Payday loans
    • Installment loans
    • Cash advances
    • Emergency short-term loans

    These options can help manage unexpected expenses or financial gaps between paychecks.

    Is my personal information safe on the platform?

    Yes. Money Mutual uses bank-level encryption to protect all sensitive data submitted through its platform. Your privacy and data security are top priorities.

    Money tight? Get connected with a short-term lender now through MoneyMutual. Fast, private, and no cost to apply—get the help you need today.

    • Company: MoneyMutual
    • Address: 2510 E. Sunset Rd. Ste 6, #85 Las Vegas NV, 89120
    • Email: customerservice@moneymutual.com
    • Phone Support: 844-276-2063

    Disclaimer and Affiliate Disclosure

    The information contained in this article is provided for general informational and educational purposes only and does not constitute financial advice, legal advice, medical advice, or any other form of professional guidance. Readers are strongly encouraged to seek the counsel of a qualified financial advisor, legal professional, or healthcare provider before making any financial, legal, or medical decisions based on the content presented herein.

    While reasonable efforts have been made to ensure the accuracy, completeness, and reliability of the information at the time of publication, no representations or warranties, express or implied, are made regarding the accuracy, adequacy, validity, reliability, availability, or completeness of any information contained in this article. The publisher, content distributors, syndication partners, and all affiliated entities expressly disclaim any liability for errors, omissions, typographical mistakes, outdated information, or misinterpretations that may occur within this content. All information is provided “as is” without warranty of any kind.

    Neither the publisher nor its syndication partners shall be held liable for any direct, indirect, incidental, consequential, or special damages arising from or in connection with the use of, or reliance upon, the information contained herein. By accessing or relying on this article, readers agree to hold harmless the publisher, its distribution partners, affiliated entities, and any contributors from any claims, losses, or damages related to the content or its dissemination.

    This article is not published by, affiliated with, or endorsed by MoneyMutual or any of its parent or related entities. All product names, trademarks, registered trademarks, and company names mentioned herein are the property of their respective owners and are used solely for identification purposes.

    Important Service Disclosure

    The operator of this website is not a lender, does not arrange, facilitate, or broker loans to lenders, and does not make short-term cash loans or credit decisions. It is not an agent, representative, arranger, facilitator, or broker of any lender, does not endorse any lender, and does not charge consumers for any service or product.

    This website does not constitute an offer or solicitation to lend. This platform allows users to submit their information to a lender in order for a lender to determine whether they may be able to offer a short-term loan. However, providing information on this website does not guarantee that a lender will work with the user or that the user will be approved for a short-term loan.

    Cash advances should be used solely for addressing immediate cash needs and should not be considered a long-term financial solution. Not all lenders are able to provide loans up to $5,000. Cash transfer times may vary between lenders and are subject to each borrower’s financial institution policies and procedures.

    For specific details, concerns, or questions regarding any short-term loan, users should contact their lender directly. Loan services and lender availability may vary based on state laws and individual lender requirements. This service is not available in Connecticut. Additionally, this service is not available in New York or to New York borrowers due to interest rate limits imposed by New York law.

    Credit checks, consumer credit reports, and other personal data may be obtained by some lenders from Experian, Equifax, TransUnion, or through alternative providers.

    Affiliate Disclosure

    This article may contain affiliate links. If a reader clicks on an affiliate link and proceeds to submit an application, complete a transaction, or make a purchase, the publisher or associated parties may receive compensation at no additional cost to the reader. This potential compensation does not influence the editorial integrity, opinions, evaluations, or recommendations expressed in this article.

    All recommendations, descriptions, and reviews are based on independent research, analysis, and information believed to be accurate at the time of publication. Readers are encouraged to conduct their own due diligence and verify any product, service, or offer directly with the official website or provider prior to engagement.

    The MIL Network –

  • MIL-OSI China: Chinese vice premier meets chairman of management committee of Abu Dhabi Investment Authority

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

    Chinese vice premier meets chairman of management committee of Abu Dhabi Investment Authority

    Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Majed Al Romaithi, chairman of the Management Committee of the Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates, in Beijing, capital of China, May 7, 2025. [Photo/Xinhua]

    BEIJING, May 7 — Chinese Vice Premier He Lifeng met with Majed Al Romaithi, chairman of the Management Committee of the Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates, in Beijing on Wednesday.

    He, also a member of the Political Bureau of the Communist Party of China Central Committee, said that China’s economy got off to a good start this year, with solid progress in high-quality development and continued improvements in social confidence and expectations.

    China is continuing to deepen its reform comprehensively, and making efforts to promote high-level opening-up in various fields such as finance, He noted, adding that China welcomes foreign financial institutions including the ADIA and long-term investors to engage in business in China and share in its development opportunities.

    Majed said the ADIA is optimistic about China’s economic prospects and is looking forward to conducting cooperation and exchanges with China in different fields.

    Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, meets with Majed Al Romaithi, chairman of the Management Committee of the Abu Dhabi Investment Authority (ADIA) of the United Arab Emirates, in Beijing, capital of China, May 7, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI China: US Fed keeps interest rates unchanged at 4.25-4.5% as tariffs weigh on growth

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

    The U.S. Federal Reserve on Wednesday left target range for the federal funds rate unchanged at 4.25 percent to 4.5 percent, as the Trump administration’s tariff policies are expected to lead to higher inflation and slower economic growth.

    “Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee (FOMC), the central bank’s policy-setting body, said in a statement after a two-day meeting.

    “The Committee is attentive to the risks to both sides of its dual mandate and judges that the risks of higher unemployment and higher inflation have risen,” the statement read.

    This marks the Federal Reserve’s third consecutive decision to keep interest rates unchanged since the January and March meetings.

    When asked about the impact of tariffs, Fed Chair Jerome Powell said at a press conference Wednesday afternoon that “we really don’t see in the data yet big economic effects.”

    “We see sentiment, there are concerns that higher prices may be coming or things like that. So, people, they are worried now about inflation. They are worried about a shock from the tariffs. But they really haven’t — that shock hasn’t hit yet,” said Powell.

    Powell noted that all of the Trump administration’s new policies are still evolving, and their effects on the economy remain “highly uncertain.”

    “If the large increases in tariffs that have been announced are sustained, there are likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,” Powell told reporters.

    “The effects on inflation could be short lived reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be more persistent,” he continued.

    As tariff-related turmoil escalates and inflation risks resurface, economists and market participants are increasingly concerned about slower economic growth, with some fearing a hit to the labor market and the possibility of a recession. Even Fed officials have expressed their concerns.

    “It wouldn’t surprise me that you might start seeing more layoffs, a tick up in the unemployment rate going forward if the big tariffs in particular come back on,” Fed Governor Christopher Waller told Bloomberg in a recent interview. “I would expect more rate cuts, and sooner, once I started seeing some serious deterioration in the labor market.”

    MIL OSI China News –

  • MIL-OSI USA: Senators Coons, Curtis introduce bipartisan legislation to help small businesses bring new technologies to market

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons
    WASHINGTON – U.S. Senators Chris Coons (D-Del.) and John Curtis (R-Utah) today introduced legislation that would help innovative small businesses commercialize their technologies. The Research Advancing to Market Production (RAMP) for Innovators Act updates the SBIR/STTR programs—often called “America’s seed fund”—to turn more technological research into market-ready products.  
    A companion bill was also introduced today in the House by Representatives Chrissy Houlahan (D-Pa.) and Troy Balderson (R-Ohio). 
    “Innovative small businesses in Delaware and across the country drive our economy further, and we need to cut red tape so that it’s easier for these businesses bring their ideas to customers faster and profit off their research,” said Senator Coons. “The bipartisan RAMP for Innovators Act makes it easier for small businesses conducting government-funded research to more easily commercialize their work, ensuring these grants will strengthen our economy for years to come.” 
    “Utah’s small businesses are the backbone of our state’s economy, representing over 99% of all companies,” said Senator Curtis. “To sustain our economic strength and preserve Utah’s exceptional quality of life, it’s crucial that we empower these businesses to succeed. By improving programs that foster innovation and commercialization, our bipartisan legislation helps entrepreneurs develop new technologies and bring them to market—strengthening our economy and our competitiveness on the world stage.”
    “As an entrepreneur myself, I know the difficulties that small businesses in our Commonwealth and country face in scaling their operations and getting their products to the shelves,” said Representative Houlahan. “Federal programs that support our small businesses need to be both more efficient and more effective in order to make the American dream a reality for small business owners. The RAMP for Innovators Act provides entrepreneurs with streamlined access to the resources, intellectual property protections, and capital they need to scale, compete, and succeed. I’m proud to lead this bipartisan, bicameral legislation to ensure that more of the amazing, innovative technologies developed by American entrepreneurs become a reality, helping our nation maintain its competitive edge.”
    “America’s strength has always come from our ability to foster innovation and empower those willing to take risks,” said Representative Balderson. “The RAMP for Innovators Act ensures that our tech entrepreneurs have the tools they need to grow, compete globally, and transform bold ideas into real products, good-paying jobs, and lasting economic growth in places like Central Ohio and across the country.”
    The RAMP for Innovators Act builds on the success of two competitive programs for developing small business innovation: the Small Business Innovation Research (SBIR) and the Small Business Technology Transfer (STTR) programs. Currently, federal agencies use these programs to award grants and contracts to small businesses across the country for high-tech research that helps solve Washington’s research and development needs. However, various roadblocks and administrative delays make it hard for these businesses to turn their research into commercial products. The RAMP for Innovators Act cuts red tape around the SBIR/STTR programs to help more of these innovative businesses make money off their ideas on the open market.
    Specifically, the legislation would:
    Streamline and accelerate the SBIR/STTR application and award process
    Provide agencies a fast-track option for making awards to promising small businesses
    Designate a Technology Commercialization Officer at each agency with an SBIR/STTR program
    Provide awardees with robust and flexible technical assistance
    Provide awardees with access to I-Corps training to help bring their technologies to market
    Increase clarity on SBIR/STTR commercialization performance by requiring a metrics-based assessment
    Establish a fast-track patent examination process for awardees
    Senator Coons has long championed small businesses and entrepreneurs up and down Delaware and across the country. Last week, he introduced the bipartisan Made in America Manufacturing Finance Act with Senator Joni Ernst (R-Iowa) to reshape the financial landscape for small businesses. 
    This bill has been endorsed by the Information Technology and Innovation Foundation (ITIF), the University City Science Center, BPC Action, and the Delaware Small Business Development Center.
    “ITIF supports RAMP for Innovators, the Research Advancing to Market Production for Innovators Act, which will further bolster the commercialization potential of SBIR/STTR programs through improvements such as making commercialization potential a stronger consideration in project selection, clarifying that all awardees may use a share of Phase I and II funds for commercially oriented activities, and supporting the ability of innovators to secure intellectual property rights underpinning their inventions through stronger linkages with the PTO,” said Dr. Rob Atkinson, President of ITIF.
    “The University City Science Center heartily endorses the Research Advancing to Market Production for Innovators Act introduced by Senators Coons and Curtis and Representatives Houlahan and Balderson. This legislation would codify language that has already been signed into law to ensure that commercialization is central to the goals of SBIR and STTR. The RAMP for Innovators Act fulfills the mission of the 2016 SBIR/STTR recommendations from the National Advisory Council on Innovation and Entrepreneurship (NACIE) at the Department of Commerce. I was honored to serve as a member of NACIE during this time and believe these recommendations are necessary to fulfill our commercialization needs in this country,” said Tiffany Wilson, CEO of the University City Science Center.
    “American innovation is the foundation upon which U.S. economic competitiveness is built. Commercializing more new technologies helps the United States strengthen its edge over our competitors and ensures taxpayers get a good return on their investment in research and development. BPC Action applauds Senators Coons and Curtis, and Representatives Houlahan and Balderson, for their bipartisan leadership in reintroducing the RAMP for Innovators Act,” said Michele Stockwell, President of BPC Action.
    “Delaware SBDC is pleased to endorse the new SBIR Commercialization Bill, the Research Advancing to Market Production for Innovators Act. There are significant improvements to help entrepreneurs move innovation to commercialization,” said Mike Bowman, Director of Delaware Small Business Development Center. 
    Senators Coons and Curtis are members of the Senate Small Business and Entrepreneurship Committee.  
    You can read the one-pager here.
    You can read the full text of the bill here.

    MIL OSI USA News –

  • MIL-OSI Security: Former Morton, Washington City Clerk pleads guilty to wire fraud for lengthy embezzlement scheme

    Source: Office of United States Attorneys

    Tacoma – The former Clerk-Treasurer for the City of Morton in Lewis County pleaded guilty today in U.S. District Court in Tacoma to wire fraud in connection with her nine-year scheme to steal nearly $1 million from city coffers, announced Acting U.S. Attorney Teal Luthy Miller. Tamara (Tammy) Clevenger served as the Clerk-Treasurer for Morton from 2012-2022. In 2024, an audit by the Washington State Auditor uncovered years of embezzlement totaling $937,584. Clevenger is scheduled to be sentenced by U.S. District Judge Tiffany M. Cartwright on July 7, 2025.

    According to records filed in the case, including the plea agreement, Clevenger used a variety of ways to steal funds. Between November 2015 and December 2021, she stole at least $311,727 of cash that citizens had brought in to pay for city services. In some instances, she would write a fraudulent city checks in the amount of cash she stole to conceal the theft of the cash. She also made unauthorized cash withdrawals with the Morton ATM card.

    Between February 2013 and December 2021, Clevenger stole at least $625,857 by writing city checks to herself and depositing them in her bank account. Clevenger would use checks that had been pre-signed by the mayor for use in emergency situations. Clevenger used fake vendor invoices to make it appear the checks had been written for a service rendered to the city. Clevenger’s actions used interstate wires to commit the fraud with the transfer of funds between various bank accounts. One example is the transfer of $5,808 in funds from Washington to Umpqua bank servers located outside the state.

    Following the audit, the City of Morton established new procedures so that no single person had control of the various banking functions.

    Clevenger has agreed to make restitution to the City of Morton. She is receiving credit for some $8,626 that she deposited to city accounts via ATM machines.

    The FBI and IRS worked with the Washington State Auditor’s Office on the criminal financial investigation.

    Wire fraud is punishable by up to twenty years in prison. Prosecutors have agreed to recommend a three-year prison term. Judge Cartwright is not bound by the recommendation and can impose any sentence allowed by law, after considering the sentencing guidelines and other statutory factors.

    The case is being prosecuted by Assistant United States Attorney Amanda McDowell

    MIL Security OSI –

  • MIL-OSI New Zealand: Speech at the AML Summit 2025

    Source: NZ Music Month takes to the streets

    Good morning and a warm welcome to everyone, it’s a pleasure to be here.

    Let me start by thanking AML Solutions for giving me the opportunity to speak on the 10th anniversary of the AML Summit. 

    I know you have a busy and interesting schedule to look forward to over the next couple of days.  This year’s conference theme is aptly named “The evolution of Risk”.  I understand that the presentations will focus on supporting reporting entities to understand what best-practice compliance looks like under a reformed risk-based and flexible AML/CFT system. 

    This theme is future-focused – and touches on issues I have spent a lot of time thinking about and planning for since becoming responsible for the AML/CFT portfolio in my role as Associate Minister of Justice. 

    You will likely know that last year Cabinet approved my plans for an AML/CFT reform programme.  The objectives of legislative reform are to meet the objectives this government committed to in our coalition agreement: and that is to tackle organised crime and cut red tape.

    How can New Zealand reform AML/CFT regulation to reduce burden on industry and support a common-sense approach to compliance; while still ensuring we are well placed to tackle organised crime and protect our international reputation as a trusted place to do business? 

    How do we equip ourselves to deal with new and emerging challenges and threats in this space?  How can we harness new technologies to help us fight crime more effectively and make it easier and cheaper for businesses to defend themselves against money laundering? 

    How will we ensure that we, as a country, are doing our part in this inherently global fight – in a fractious world where the nexus of organised crime and international conflicts is growing? 

    Over the last year I have taken advice and considered many of the challenges facing the sector in detail.  Many of you in this room, or online, will have been involved in and contributed to this advice.  I am so grateful for your hard work and specialist contributions.  Your expertise is invaluable – it enables robust discussion and informed decision-making. 

    Now is the time to deliver on our coalition commitments.  The Act has now been in force for 11 years and we know the current system is not delivering as well as it could for New Zealanders, businesses, or for law enforcement. 

    This is because the laws and requirements are highly complex and not sufficiently risk based.  As a result, they can be repetitive and unnecessarily burdensome.  I have heard from many New Zealanders that the requirements are confusing, obstructive, and costly.

    Some of the examples they have given me illustrate how absurd these requirements can be. I ’ve heard from mothers who’ve told me they cannot open bank accounts for their child unless they are able to prove where their child lives. I’ve heard from elderly widows, who had relied on their husbands to take care of bills and are now unable to have a bank account in their own name because they have no written proof to say they live in their own home.  These are clear indications of how the system is failing to take a properly risk-based approach.

    Multiple reviews of the current system have also identified deficiencies that make it harder for the system to effectively deter and combat the criminal activity that we know is taking place in New Zealand. 

    At New Zealand’s latest mutual evaluation, the Financial Action Task Force (FATF) reported on several strengths in the New Zealand system but also highlighted that there is room for significant improvement. 

    I know you will be aware that compliance with international standards is incredibly important for New Zealand’s global reputation and financial standing.  We know that FATF recommendations are now tougher, and that there are still many actions from our last evaluation that we need to address.  Regulatory reform is needed to ensure we do well at our next evaluation. 

    But let’s not belabour what we already know about the deficiencies. Let’s instead focus on opportunities for the future and what we can achieve through this reform programme.  To me, reform presents a great opportunity to enhance the strengths of our system, and to address identified concerns. 

    We know, for example, that the wider Financial Crime Group do excellent work, especially relating to asset recovery.  We only need to cast our eyes to very recent news stories – I’m thinking of the announcement last September of the highly successful operation against the Comanchero gang which saw $5.8 million worth of assets restrained – to know law enforcement across the system is working hard and achieving remarkable successes through their work.  A look at the latest Police annual report shows that over $72 million of assets were restrained from organised and financial crime, and 379 money laundering investigations resulted in prosecution.

    We also know there is sound domestic cooperation and coordination on monitoring possible terrorist financing – the FATF told us so, at our latest mutual evaluation. 

    The FATF have also noted that we are known internationally for our high-quality responsiveness to cooperation requests. 

    In other words, New Zealand already does lots of things well.  Our focus is therefore on improving the AML/CFT system to enhance these strengths.  Let’s enable the system and its actors to achieve the intended outcomes: to detect and deter money laundering and terrorism financing.

    This Government is about quality regulation.  We want regulation that achieves intended outcomes, regulation that makes sense and is workable for all.  This means getting rid of unnecessary red-tape– if regulation isn’t providing the results we are after, there is no point to it. 

    In the case of the AML/CFT system, regulation needs to contribute to the fundamental purpose of the system: tackling crime.  To do that effectively, we need an agile, streamlined system that is laser focussed on real risk. 

    A truly risk-based system will better enable law enforcement to crack down on organised crime by providing the financial intelligence needed to go after criminal organisations.  A truly risk-based system is more aligned with international obligations and standards.  A truly risk-based system will provide regulatory relief for lower risk businesses and the public.

    My reform programme, therefore, will be undertaken in three parts.  The first phase is already well-advanced and will deliver immediate regulatory relief via two bills – the first, the Statutes Amendment Bill, has already been reported back from Select Committee to the House of Representatives, and is likely to come into effect in the coming months.  The second, the Anti-Money Laundering and Countering Terrorism Financing Amendment Bill, is currently before select committee. 

    The changes made through these bills include removing both address verification requirements for many customers, and relaxing enhanced customer due diligence requirements for lower-risk trusts.  This will help make it easier for mums and dads to set up bank accounts for their kids, and easier for vulnerable kiwis – including the elderly – to get access to essential financial services. 

    This first set of reforms aims to make immediate changes, to make the AML/CFT system more risk-based and ease the regulatory burden on businesses.

    These changes alone already represent the most significant regulatory relief in the history of the AML/CFT regime.  But we do not intend to stop there.

    The second phase of changes focuses on structural reforms for the regime. Cabinet has agreed that, as part of these structural reforms, we will be implementing a single AML/CFT supervisor structure within the Department of Internal Affairs.  This will replace the current three-supervisor model. 

    This move will create a more efficient, effective, and risk-based supervisory structure – one that reduces unnecessary compliance costs for lower-risk businesses and transactions, removes the need for multi-supervisor coordination efforts – thereby reducing costs – and streamlines decision-making.

    A single supervisor can be more resource responsive to the ever-changing risk environment.  A single supervisor will be better able to deliver consistent and timely guidance to support reporting entities. 

    This will help to ensure that businesses have the confidence to take a more flexible approach to implementing their AML/CFT obligations and lower the barrier to accessing financial services for low-risk customers. 

    A single supervisor with overview of the wider AML/CFT environment will also be better able to look for and realise opportunities as they arise.  For example, I’m sure we all agree that there are opportunities and benefits to be gained in the digital identity and open banking areas.  In addition, the emergence of AI could herald improved, and more cost effective, electronic Know Your Customer (eKYC) functions, risk assessments, and suspicious activity reporting.

    Everyone here will be aware that in a world of increasing demands, the AML/CFT system in New Zealand is currently underfunded.  My phase two structural reforms will also see us work towards introducing a sustainable funding model for the system. 

    The new hybrid funding model will establish an industry-levy.  I will ensure that this levy is designed in a way that distributes the costs in a risk appropriate and equitable way, so that it targets the highest risk sectors – such as large international banks – and does not place an undue burden on small businesses. 

    This hybrid funding model will provide sufficient resourcing for core regulatory functions and deliver substantial savings to the Crown.  This approach is in line with what has been done in other like-minded jurisdictions, like Australia, the United Kingdom and Canada.

    As part of the work on the funding model, a work programme and a National Strategy will be developed in partnership with industry and agreed by Cabinet to ensure that the system is focussed on industry priorities.  Any changes to the levy will also need to be informed by the AML/CFT National Strategy. 

    Now, I know that many of you in this room will have opinions and views on the approach we have taken to these structural reforms.  I look forward to engaging with you and drawing on your sector expertise as we get stuck into the detail of this change process.

    The structural changes in phase two of my reforms will result in an amendment Bill that I aim to have introduced by the middle of this year.  Officials are currently working on the details of developing and implementing the levy, but I expect that the earliest it would be in place is by 2027.

    The third phase of these reforms will deliver wider legislative changes to implement international standards outlined by the FATF.  This Bill will be introduced later in this Parliamentary term.

    Doing this international compliance work will have a natural flow on effect that improves New Zealand entities’ ability to carry on with business and sharpens our law enforcement tools.  Importantly, it includes amendments to provide further flexibility for businesses to take a more risk-based approach to their AML/CFT obligations.

    The work programme was designed to address specific areas that were identified through robust stakeholder consultation during the 2022 Statutory Review of the AML/CFT Act and further targeted engagement has been undertaken since then.

    I am aware there is room for improvement in other areas as well – and some of you may be disappointed that more statutory reforms are not currently being progressed. 

    In arriving at my current statutory reform programme, I have taken a pragmatic approach – the current fiscal environment dictates that we are smart and outcomes-focused with our reforms.  Right now, this means prioritising the changes that will give us the biggest bang for our buck in terms of regulatory relief, while ensuring compliance with international expectations and supporting law enforcement to tackle organised crime and delivering regulatory relief. 

    We need to prioritise this legislative work programme first to ensure that changes to the law are made and the system is properly set up to take a risk-based approach in time for our next mutual evaluation in 2028.  I am excited and proud that this reform programme is on track to deliver the most significant regulatory relief since the Act came into force in 2013.

    But, like you, I want to do more, if I can.  I am committed to look for opportunities to do just that, not only through reforms to legislation, but also through considering potential exemptions and regulations that will support a more risk-based AML/CFT system.

    I look forward to working with you all as we move forward with all the parts of this reform programme.  To me, the key to successfully strengthening the AML/CFT system through these reforms is collaboration and leveraging expertise in the sector. 

    I encourage you all to participate in consultation when these opportunities come up.  We need people with experience and knowledge to get involved – we need you.  I look forward to hearing your views on how we can make the laws work for you. 

    Thank you for having me today, it’s a pleasure to be here with you all.  Enjoy your time here at the conference.

    MIL OSI New Zealand News –

  • MIL-OSI New Zealand: Speech to TRENZ 2025

    Source: NZ Music Month takes to the streets

    Tēnā koutou, tēnā koutou, tēnā koutou katoa.

    Thank you for welcoming me here today, and for that lovely introduction from Rebecca Ingram from Tourism Industry Aotearoa.

    I appreciate the great working relationships I have across the tourism sector and how we are united in wanting the best for our country.

    It’s wonderful to be back in Rotorua – one of New Zealand’s best-known and best-loved tourism destinations.

    Rotorua is actually the birthplace of New Zealand tourism.

    In the 19th century, intrepid international tourists took a 75-day sea voyage from Britain to New Zealand, followed by a 200km steam train trip from Auckland to Tauranga, followed by a horse-drawn carriage ride to Lake Rotomahana via Rotorua (a distance over 100kms). All in pursuit of the famous pink and white geothermal terraces.

    Once there, they were greeted by New Zealand’s first tour guides. Māori women from Rotorua’s local iwi Te Arawa demonstrated fantastic entrepreneurial spirit, not only by warmly welcoming these tourists but by developing businesses out of showing them what was then known as the “eighth wonder of the world”.

    While the terraces were lost in a volcanic eruption in 1886, Rotorua’s geothermal attractions remain world-class. And its people remain some of the world’s best and most hospitable tourism operators.

    I urge you to take the opportunity to experience all the amazing tourism experiences that Rotorua has to offer while you are here.

    I was in Europe last week talking trade and security with our partners and also attending the Pope’s funeral, and I heard from people all around the world about how much they want to come visit New Zealand. 

    I can’t wait to work with all of you in the room today to welcome them here to experience all New Zealand has to offer.

    Before we start, I would also like to thank the Premier Sponsor Air New Zealand and Tourism New Zealand, as well as all the prestigious event partners and organisers for bringing us all together and make TRENZ possible.

    A special thanks to those who have travelled from overseas to understand and experience our tourism offerings. Your participation is essential to the success of TRENZ.

    Context of TRENZ

    Tourism is about people-to-people connection, and it is fantastic to welcome both the buyers and sellers to TRENZ.

    As an industry, you should feel proud of your achievements in rebuilding our tourism sector and making such a huge contribution to our economy as a major employer and innovator.

    You are our global ambassadors for New Zealand. And you foster thriving communities to live and work in.

    We value you and the work you do enormously.

    Importance of tourism to the New Zealand economy

    Our Government is obsessed with economic growth because it is the only way Kiwis get higher incomes, more money in their pockets, more jobs, a future for their kids and grandkids, and better public services like health and education.

    We can achieve this by playing to our strengths. New Zealanders are famous for our innovation and creativity – as demonstrated by those early Te Arawa tour guides. And we are also home to some of the most breathtaking scenery in the world. Snow-capped mountains and fjords, golden sandy beaches, subtropical forests, and volcanic plateaus.

    Mix those ingredients together and you have a recipe for world class tourism experiences.

    So, it’s no wonder that tourism is a lynchpin of our economy.

    Domestic and international tourism expenditure is now worth over $44 billion annually. Tourism contributed 7.5 per cent of New Zealand’s GDP and it continues to be our second highest export.

    More than four in five New Zealand residents (82 per cent of us) benefited from tourism activity in their local area last year. 

    But we have room for more.

    Last year, we welcomed over 3 million visitors to our country.

    Which is a 12 per cent increase on the previous year, but still fewer than pre-Covid.

    There is plenty of capacity for more international tourists to visit our shores.

    There is also more capability and opportunities to provide more premium attractions and experiences. This doesn’t necessarily mean more expensive – it means more high-value.

    As good as our recent growth has been, globally we are middle of the pack in terms of the productivity per capita, which is measured by total value of tourism divided by the number of people working in it.

    If we push ourselves and get into the top 10 per cent of the most productive tourism markets in the world, we can generate another $9 billion in value for the industry.

    I hope that provides you with the motivation you need to keep innovating and keep investing in your businesses and tourism experiences. 

    Because tourism is a competitive market, and our job is to make sure we’re at the top of people’s lists and that we are converting desire to travel into reality.

    Broader benefits of tourism

    Welcoming more visitors here means more full tables in our restaurants, more bookings for our local accommodation providers, and more people visiting our regions and attractions. 

    But it’s not just businesses that are directly connected to the industry that benefit from tourism. The benefits of tourism filters into so many aspects of our society and economy.

    I have already mentioned our beautiful natural environment which is the backdrop of so much tourism in New Zealand. 

    One of New Zealand’s great success stories has been our efforts to eradicate invasive pests which damage our environment. We are now world leaders in pest eradication and have developed technologies and methods which we export to the world. But our success is partly thanks to eco-tourism, which provides us with the commercial incentive and revenue needed to undertake conservation work.

    Great examples of this virtuous cycle exist right here in Rotorua. Rotorua Canopy Tours provides visitors with an exhilarating experience of ziplining through ancient, native forest and it helps fund local conservation efforts.

    Reasons like this are why we are rolling out the red carpet and making it easier than ever for the world to visit our beautiful country.

    Removing barriers and growing tourism

    We’re at a pivotal moment where bold, decisive actions are essential to reignite our tourism industry and propel it back to the heights of 2019—and beyond. 

    The Government is fully committed to this mission. 

    We have already invested more than $20 million in a Tourism Boost package and will shortly be launching the Tourism Growth Roadmap. 

    These investments are not just steps; they’re leaps forward in our broader Going for Growth strategy. We’re not just aiming to recover—we’re aiming to thrive.

    I know our Minister for Tourism and Hospitality, Louise Upston, has been working hard to identify ways we can boost international tourism in the short-term. 

    Last month, we announced over $13 million for Tourism New Zealand to further bolster our international marketing. 

    Our Government is also committed to enhancing airline connectivity, recognising that it’s the lifeline to strengthening our global ties and boosting tourism and trade.

    We are working hard to build better airline connectivity with important emerging markets such as India. When in India recently, I was proud to witness the signing of a MoU between Air New Zealand, Tourism New Zealand and Air India to encourage commencement of direct (non-stop) flight operations between the two countries.

    We’ve also relaxed our visitor visa rules to accommodate the modern traveller. Digital nomads can now work remotely for their overseas employers while exploring New Zealand.

    Our visa process is becoming more efficient too. In 2024, the average visitor visa was approved in only 7 working days, which was 2 days faster than in 2023. This means people can plan their New Zealand adventure with confidence, knowing that we’re here to make your journey as smooth as possible.

    And here’s more good news: the majority of visitors do not need a visa to come here and instead can travel on a New Zealand electronic Travel Authority, which are processed within 72 hours. And, we have visa waiver arrangements with 60 countries, which is more than most of our comparator countries.

    We pride ourselves on our user-friendly immigration and border services, ensuring the arrival is as welcoming as our stunning landscapes. We are open for visitors, and we continue to offer stability, consistency, and transparency in our offerings.

    Conclusion

    In closing, I want to thank you. Thank you for your passion and resilience and for the incredible experiences you offer visitors. Thank you again Kerry, Bex, and TIA. 

    2025 is our chance to strengthen the value of tourism and drive New Zealand to be a humming, vibrant country. Together we can continue our work on being a resilient and prosperous sector that provides high-quality experiences and services.

    But we have to be bold. 

    Let’s continue to push our boundaries to ensure that New Zealand remains a world leader. 

    Keep up the great work, I look forward to talking with more of you throughout the event.

    MIL OSI New Zealand News –

  • MIL-OSI USA: ICE, multiagency taskforce investigation results in 5 illegal aliens charged in human smuggling event leaving at least 3 dead

    Source: US Immigration and Customs Enforcement

    SAN DIEGO – Two complaints were filed in federal court May 6 charging five people with participating in a human smuggling event that led to the deaths of at least three migrants, including a 14-year-old Indian boy. His 10-year-old sister is still missing at sea and presumed dead; their father is in a coma and mother is also hospitalized. U.S. Immigration and Customs Enforcement– Marine Task Force, U.S. Customs and Border Protection, United States Coast Guard, San Diego Lifeguard Service and San Diego County Medical Examiner’s Office are investigating this case.

    “Human smuggling, regardless of the route, is not only illegal but extremely dangerous. Smugglers often treat people as disposable commodities, leading to tragic and sometimes deadly consequences, as we saw in this case,” said ICE Homeland Security Investigations San Diego Special Agent in Charge Shawn Gibson. “Yesterday’s heartbreaking events are a stark reminder of the urgent need to dismantle these criminal networks driven by greed. HSI along with the U.S. Border Patrol, U.S. Coast Guard, and other partners from the Marine Task Force, remains firmly committed to holding those responsible accountable for these senseless deaths.”

    According to court records, on May 5, witnesses observed an overturned panga boat at a beach in Del Mar, California. Bystanders and San Diego lifeguards participated in rescue efforts. Law enforcement officials recovered three bodies, including the boy, identified in court records as P.P.B. Four other migrants were rescued and hospitalized, including P.P.B.’s mother and father; nine others were initially unaccounted for.

    Mexican nationals Julio Cesar Zuniga Luna, 30, and Jesus Juan Rodriguez Leyva, 36, believed to be involved in the smuggling event were taken into custody at the time of the incident. They have been charged with bringing in aliens resulting in death and bringing in aliens for financial gain.

    Border Patrol agents conducting operations in Chula Vista, California identified a vehicle that had been observed at the scene of the maritime smuggling incident earlier that day. The vehicle driver fled the scene before an arrest could be made. During the investigation, Border Patrol Agents identified two other vehicles involved in the smuggling event. They were able to successfully arrest the drivers of the load vehicle, and locate eight of the nine migrants missing from the boat, except for P.P.B.’s 10-year-old sister.

    Melissa Jenelle Cota, 33, Gustavo Lara, 32 and Sergio Rojas-Fregosa, 31, – all Mexican nationals – were arrested and charged with transportation of illegal aliens. Rojas-Fregoso, was identified as an alien who had previously been deported on Dec. 19, 2023.

    “The drowning deaths of these children are a heartbreaking reminder of how little human traffickers care about the costs of their deadly business,” said U.S. Attorney Adam Gordon. “We are committed to seeking justice for these vulnerable victims, and to holding accountable any traffickers responsible for their deaths.”

    The charges and allegations contained in an indictment or complaint are merely accusations, and the defendants are considered innocent unless and until proven guilty.

    This case is being prosecuted by Assistant U.S. Attorneys Sean Van Demark and Edward Chang.

    MIL OSI USA News –

  • MIL-OSI: FSI ANNOUNCES TEN CENT SPECIAL DIVIDEND

    Source: GlobeNewswire (MIL-OSI)

    TABER, ALBERTA, May 07, 2025 (GLOBE NEWSWIRE) — FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. In addition, FSI is increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces a ten-cent special dividend.

    The dividend will be paid May 28th to shareholders of record on May 19th

    Mr. Dan O’Brien, CEO, states, “We are pleased that our current financial condition and expectations of continued profitability allows us to dividend profits to shareholders at this time. However, this is a special dividend; not a regular dividend.” Mr. O’Brien continues, “The FSI Board and management will continue to monitor retained earnings and capital needs in order to execute the goals of growing the Company and declaring dividends when appropriate.”

    About Flexible Solutions International
    Flexible Solutions International, Inc. (www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. Along with TPA, this division started producing other crop enhancement products as well. In 2022, the Company entered the food and nutrition markets by obtaining FDA and SQF food grade approval for the Peru IL plant. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world

    Safe Harbor Provision
    The Private Securities Litigation Reform Act of 1995 provides a “Safe Harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company’s reports filed with the Securities and Exchange Commission.

    Flexible Solutions International
    6001 54thAve, Taber, Alberta, CANADA T1G 1X4

    Company Contacts
    Jason Bloom
    Toll Free: 800.661.3560
    Fax: 403.223.2905
    Email: info@flexiblesolutions.com

    To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com

    If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com

    The MIL Network –

  • MIL-OSI: LNG Energy Group Announces Application for Management Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 07, 2025 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FWB: E26) (the “Company” or “LNG Energy Group”) announces that there will be a delay in filing its annual financial statements, management’s discussion and analysis, related officer certifications for the financial year ended December 31, 2024, and Form 51-101F1, Form 51-101F2 and Form 51-101F3, as required by National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (collectively, the “Required Filings”), which are required to be filed on or before April 30, 2025 (the “Filing Deadline”). The delay in filing the Required Filings is primarily a result of delays caused in getting its local operational audit completed, combined with recent departures of key Company personnel. The Company is continuing to work with its Canadian auditors to complete the Required Filings as soon as possible and expects to file them within two months of the Filing Deadline.

    In connection with the delay in filing, the Company has applied to the applicable Canadian securities regulators for the issuance of a management cease trade order which would restrict all trading in securities of the Company by the Company’s Chief Executive Officer and Chief Financial Officer.

    The Company intends to satisfy the provisions of the alternative information guidelines set out in sections 9 and 10 of National Policy 12-203 – Management Cease Trade Orders so long as the Required Filings remain outstanding. The Company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

    About LNG Energy Group

    The Company is focused on the acquisition and development of natural gas production and exploration assets in Latin America. For more information, please visit www.lngenergygroup.com.

    For more information please contact:

    Angel Roa, Chief Financial Officer LNG Energy Group Corp.
    Website: www.lngenergygroup.com
    Email: investor.relations@lngenergygroup.com

    Find us on social media:
    LinkedIn: https://www.linkedin.com/company/lng-energy-group-inc/ Instagram: @lngenergygroup
    X: @LNGEnergyCorp

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION:

    This news release contains certain forward-looking information that reflect the current views and/or expectations of management of LNG Energy Group with respect to performance, business and future events. Forward-looking information can often be identified by words such as “may”, “will”, “would”, “could”, “should”, “believes”, “estimates”, “projects”, “potential”, “expects”, “plans”, “intends”, “anticipates”, “targeted”, “continues”, “forecasts”, “designed”, “goal”, or the negative of those words or other similar or comparable words. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which LNG Energy Group operates. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking information, readers should not place undue reliance on such information. The risks and uncertainties include, but are not limited to, whether LNG Energy Group will be able to obtain regulatory approval for the management cease trade order and the anticipating timing of filing the Required Filings. Forward-looking information is current as of the date it is made and is based on reasonable estimates and assumptions made by us at the relevant time in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable in the circumstances. LNG Energy Group does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.

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

    The MIL Network –

  • MIL-OSI: Athabasca Oil Announces 2025 First Quarter Results Highlighted by 63% Growth in Funds Flow Per Share and Strong Operational Execution Driving a Robust Return of Capital Program

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 07, 2025 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results highlighted by strong operational execution driving robust return of capital with the full completion of its second annual share buyback program. The Company is in an enviable position to weather market volatility with low corporate break-evens, long-life assets and a pristine balance sheet.

    Q1 2025 Consolidated Corporate Results

    • Production: Average production of 37,714 boe/d (98% Liquids), representing 13% (24% per share) growth year over year.
    • Cash Flow: Adjusted Funds Flow of $130 million ($0.25 per share), representing 63% per share growth year over year. Cash Flow from Operating Activities of $123 million. Free Cash Flow of $71 million from Athabasca (Thermal Oil).
    • Capital Program: $63 million total capital expenditures, with $44 million at Leismer as the Company advances the 40,000 bbl/d progressive growth project.

    Operations Highlights

    • Leismer: Production of ~28,000 bbl/d (April 2025) following the start-up of six redrills in the first quarter. Four additional new well pairs will be brought on stream in H2 2025 to maintain production rates at facility capacity.
    • Hangingstone: Production has increased to ~8,900 bbl/d (April 2025) following the start-up of two well pairs. The project continues to deliver meaningful free cash flow generation for the Company.
    • Duvernay Energy: Two multi-well pads (seven gross wells) are slated to be completed post break-up and will continue operational momentum in the Kaybob Duvernay play. Capital is trending ~$10 million lower than the 2025 budget at an estimated ~$75 million.

    Resilient Producer in a Shifting Global Landscape

    • Macro Volatility: Global oil benchmarks have softened in recent months in response to an accelerated OPEC+ supply outlook and evolving U.S. trade policy. Athabasca is uniquely positioned to withstand market volatility and its production is USMCA compliant and exempt from U.S. tariffs.
    • Pristine Balance Sheet & Tax Free Horizon: Athabasca has a Net Cash position of $115 million, strong Liquidity of $438 million (including $305 million cash) and a long dated maturity of 2029 on its term debt. The Company has $2.2 billion of tax pools (~80% high-value and immediately deductible).
    • Low Decline, Long Life Assets: Athabasca is uniquely positioned with a low base corporate decline and the Company expects to maintain Thermal Oil production in 2025 following recent capital projects. Athabasca has a deep inventory across its portfolio including 1,209 MMbbl of Proved plus Probable Thermal Oil reserves and ~444 gross future drilling locations within Duvernay Energy.
    • Low Break-evens: Long-life, low decline assets afford Athabasca with a sustaining capital advantage. The Company’s 2025 Thermal Oil operating break-even is estimated at ~US$32/bbl WTI and the capital program which includes growth initiatives is fully funded within cash flow down to ~US$48/bbl WTI for the balance of the year. The Company estimates long term sustaining capital investment of ~C$8/bbl (five‐year annual average) to hold production flat.
    • Flexible Capital: The Thermal Oil capital projects are flexible, highly economic and have optionality to be recalibrated based on the macroeconomic environment. Duvernay Energy retains significant flexibility on the pace of its operations and is positioned with an independent balance sheet and no near-term land expiries.
    • Sound Heavy Oil Fundamentals: The outlook for Canadian heavy oil remains strong supported by the Trans Mountain Expansion pipeline start-up in May 2024 and sustained global refining demand. This has resulted in tighter and less volatile WCS heavy differentials with spot markets currently trading at ~US$9/bbl. Athabasca is a direct beneficiary of structurally tighter differentials that are forecasted to hold in the coming years.


    Durable Shareholder Returns

    • Full Execution of Second Normal Course Issuer Bid (“NCIB”): On March 17, the Company fully completed its second annual NCIB, returning $289 million to shareholders and purchasing and cancelling 55 million shares.
    • Continued 100% of Free Cash Flow (Thermal Oil) Return to Shareholders through Buybacks in 2025: The Company renewed its third annual NCIB with capacity to repurchase up to 50 million shares. The Company has completed $94 million in share buybacks year to date. Athabasca has reduced its fully diluted share count by ~20% since March 31, 2023.
    • Durable Shareholder Returns: The Company’s capital allocation framework will continue to balance near-term return of capital initiatives for shareholders with a multi-year growth trajectory of cash flow per share. The Company sees significant intrinsic value not reflected in the current share price and intends to remain active with its share buyback strategy.

    Strategic Update and Corporate Guidance

    • Athabasca (Thermal Oil): The Thermal Oil division underpins the Company’s strong Free Cash Flow outlook, with production guidance of 33,500 – 35,500 bbl/d and a ~$250 million capital budget. Athabasca has differentiated and significant unrecovered capital balances on its Thermal Oil Assets that ensure a low Crown royalty framework (~7%1). Leismer is forecasted to remain pre-payout until late 20271 (and beyond with incremental project capital) while Hangingstone is forecasted to remain pre-payout beyond 20301.
    • Consolidated Production Outlook: Athabasca’s consolidated annual production guidance is 37,500 – 39,500 boe/d. Current production is ~40,000 boe/d and with current capital plans the Company is expecting to be at the upper end of guidance and anticipates exiting the year at ~41,000 boe/d.
    • Leismer Progressive Growth: The 2025 program at Leismer includes the tie-in of six redrills and four new well pairs on Pad 10 along with continued pad and facility expansion work for the progressive expansion to 40,000 bbl/d. This expansion project is highly economic (~$25,000/bbl/d capital efficiency) and provides flexibility with interim growth targets to ~32,000 bbl/d and ~35,000 bbl/d before achieving the regulatory approved 40,000 bbl/d capacity.
    • Duvernay Energy Corporation: The 2025 capital program of ~$75 million will continue production momentum in H2 2025 with an exit target of ~6,000 boe/d. Capital activity includes the completion of a 100% working interest (“WI”) three-well pad that was drilled in 2024, the drilling and completion of a 30% WI four-well pad (spud in Q1 2025) and the construction of a gathering system on operated lands. The capital program in Duvernay Energy Corporation is flexible and designed to be self-funded. The Company has a deep inventory of ~444 gross future drilling locations.
    • Free Cash Flow Focus: The Company forecasts consolidated Adjusted Funds Flow between $525 – $550 million1, including $475 – $500 million from its Thermal Oil assets. Every +US$1/bbl move in West Texas Intermediate (“WTI”) and Western Canadian Select (“WCS”) heavy oil impacts annual Adjusted Funds Flow by ~$10 million and ~$17 million, respectively. The 2025 Thermal Oil capital program, including growth initiatives, is fully funded within cash flow down to ~US$48 WTI for the balance of the year. Duvernay Energy is independently funded through its balance sheet and cash flow.
    • Capital Allocation Discipline: Athabasca has demonstrated its business resiliency and prudent management through past commodity cycles. The Company is nimble with respect to its operating plans and has levers available to adjust to a volatile macro environment. Preserving a pristine balance sheet is paramount to the strategy.
    • Steadfast Focus on Cash Flow Per Share Growth: The Company forecasts ~20% compounded annual cash flow per share1 growth between 2025 – 2029 driven by investing in attractive capital projects and prioritizing share buybacks with free cash flow.

    Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e.g. Adjusted Funds Flow, Free Cash Flow, Net Cash, Liquidity) and production disclosure.

    12025 pricing assumptions: US$70 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX.

    Annual Shareholders Meeting

    Athabasca will be hosting its Annual General Meeting of Shareholders (“Meeting”) on Thursday, May 8, 2025 at 8:00 am (MT). The Meeting will be hosted virtually and shareholders and guests can listen via live webcast with details available at:

           https://www.atha.com/investors/presentation-events.html

    Financial and Operational Highlights

      Three months ended
    March 31,
    ($ Thousands, unless otherwise noted) 2025     2024  
    CORPORATE CONSOLIDATED(1)      
    Petroleum and natural gas production (boe/d)(2)   37,714       33,470  
    Petroleum, natural gas and midstream sales $ 367,844     $ 311,116  
    Operating Income(2) $ 145,590     $ 105,135  
    Operating Income Net of Realized Hedging(2)(3) $ 143,947     $ 106,580  
    Operating Netback ($/boe)(2) $ 44.07     $ 35.78  
    Operating Netback Net of Realized Hedging ($/boe)(2)(3) $ 43.57     $ 36.27  
    Capital expenditures $ 63,333     $ 76,011  
    Cash flow from operating activities $ 123,353     $ 76,638  
    per share – basic $ 0.24     $ 0.14  
    Adjusted Funds Flow(2) $ 129,675     $ 87,772  
    per share – basic $ 0.25     $ 0.15  
    ATHABASCA (THERMAL OIL)      
    Bitumen production (bbl/d)(2)   34,742       31,536  
    Petroleum, natural gas and midstream sales $ 362,375     $ 305,041  
    Operating Income(2) $ 135,316     $ 100,449  
    Operating Netback ($/bbl)(2) $ 44.56     $ 36.36  
    Capital expenditures $ 50,376     $ 42,119  
    Adjusted Funds Flow(2) $ 121,353     $ 83,713  
    Free Cash Flow(2) $ 70,977     $ 41,594  
    DUVERNAY ENERGY(1)      
    Petroleum and natural gas production (boe/d)(2)   2,972       1,934  
    Percentage Liquids (%)(2) 73 %   72 %
    Petroleum, natural gas and midstream sales $ 17,619     $ 11,538  
    Operating Income(2) $ 10,274     $ 4,686  
    Operating Netback ($/boe)(2) $ 38.42     $ 26.63  
    Capital expenditures $ 12,957     $ 33,892  
    Adjusted Funds Flow(2) $ 8,322     $ 4,059  
    Free Cash Flow(2) $ (4,635 )   $ (29,833 )
    NET INCOME AND COMPREHENSIVE INCOME      
    Net income and comprehensive income(4) $ 72,004     $ 38,609  
    per share – basic(4) $ 0.14     $ 0.07  
    per share – diluted(4) $ 0.14     $ 0.07  
    COMMON SHARES OUTSTANDING      
    Weighted average shares outstanding – basic   514,257,036       567,076,940  
    Weighted average shares outstanding – diluted   519,227,432       577,106,504  
      March 31,   December 31,  
    As at ($ Thousands) 2025   2024  
    LIQUIDITY AND BALANCE SHEET (CONSOLIDATED)        
    Cash and cash equivalents $ 304,538   $ 344,836  
    Available credit facilities(5) $ 133,074   $ 136,324  
    Face value of term debt $ 200,000   $ 200,000  

    (1) Corporate Consolidated and Duvernay Energy reflect gross production and financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.
    (2) Refer to the “Advisories and Other Guidance” section within this News Release for additional information on Non-GAAP Financial Measures and production disclosure.
    (3) Includes realized commodity risk management loss of $1.6 million for the three months ended March 31, 2025 (three months ended March 31, 2024 – gain of $1.4 million).
    (4) Net income and comprehensive income per share amounts are based on net income and comprehensive income attributable to shareholders of the Parent Company.
    (5) Includes available credit under Athabasca’s and Duvernay Energy’s Credit Facilities and Athabasca’s Unsecured Letter of Credit Facility.

    Athabasca (Thermal Oil) Q1 2025 Highlights and Operations Update

    • Production: First quarter production of 34,742 bbl/d (27,025 bbl/d at Leismer & 7,717 bbl/d at Hangingstone).
    • Cash Flow: Adjusted Funds Flow of $121.4 million; Operating Income of $135.3 million with an Operating Netback of $44.56/bbl ($46.24/bbl at Leismer & $38.43/bbl at Hangingstone).
    • Capital Program: $50.4 million of capital expenditures in Q1, with $43.7 million at Leismer as the Company advances the 40,000 bbl/d progressive growth project.
    • Free Cash Flow: $71.0 million of Free Cash Flow supporting 100% return of capital commitment.


    Leismer

    In Q1 2025, the Company brought six extended redrills on Pad L1 (1,000 – 1,700 meter laterals) on production supporting current production of ~28,000 bbl/d (April 2025). The redrills target bypass pay on legacy pads with initial production rates between 400 – 1,000 bbl/d per well. In 2024, the Company drilled an additional four well pairs on Pad L10 that will maintain production rates at facility capacity for the balance of 2025. Another six well pairs will be drilled in H2 2025.

    Activity at Leismer remains focused on advancing progressive growth to 40,000 bbl/d by the end of 2027. The project cost is estimated at $300 million generating a capital efficiency of approximately $25,000/bbl/d. The $300 million will be spent between 2025 and 2027 and includes an estimated $190 million for facility capital and an estimated $110 million for growth wells. The project remains on budget and on schedule with the original sanction plans announced in July 2024. The progressive build provides flexibility with interim growth targets to ~32,000 bbl/d and ~35,000 bbl/d before achieving the regulatory approved 40,000 bbl/d capacity. This winter the Company completed regional infrastructure to Pad L10 and L11 including lease site construction, delineation drilling and pipeline looping. The project scope includes the installation of two new steam generators that were countercyclically acquired during a prior commodity down cycle.

    Leismer is forecasted to remain pre-payout from a crown royalty perspective until late 20271.

    Hangingstone

    At Hangingstone two extended reach sustaining well pairs (~1,400 meter average laterals) drilled in 2024 were placed on production in March supporting current production of ~8,900 bbl/d (April 2025). These are the first wells drilled at the project since 2015. The new well pairs have ramped up faster than anticipated, benefiting from favorable reservoir temperatures and pressure supported by offsetting wells. Early performance has exceeded expectations with initial production rates of 800 – 1,000 bbl/d per well.

    Hangingstone continues to deliver meaningful cash flow contributions to the Company and also has a pre-payout crown royalty structure beyond 20301.

    Duvernay Energy Corporation Q1 2025 Highlights and Operations Update

    • Production: First quarter production of 2,972 boe/d (73% Liquids).
    • Cash Flow: Adjusted Funds Flow of $8.3 million with an Operating Netback of $38.42/boe.
    • Capital Program: $13.0 million of capital expenditures included spudding a 30% WI four-well pad and constructing a strategic gathering system.  

    Q1 activity included spudding a four well pad (30% working interest) with average laterals of ~5,000 meters and construction of strategic gathering system connecting its newly operated assets with the Company’s existing operated infrastructure on the joint venture acreage. Completion operations will be phased through the balance of the year with the four well pad (30% WI) expected to be completed in Q3 and three well pad (100% WI) in early Fall. The Company expects to exit the year at ~6,000 boe/d.

    Production from wells drilled in 2024 continue to validate DEC’s type curve expectations. The five wells placed on production have averaged IP30’s of ~1,200 boe/d per well (86% Liquids) and IP90s of ~940 boe/d (86% Liquids) per well.

    2025 capital is trending ~$10 million lower than original budget and is estimated at ~$75 million, reflecting disciplined execution. Duvernay Energy retains significant operational flexibility with no near-term land expiries and the ability to adjust spending in response to commodity price movements.

    About Athabasca Oil Corporation

    Athabasca Oil Corporation is a Canadian energy company with a focused strategy on the development of thermal and light oil assets. Situated in Alberta’s Western Canadian Sedimentary Basin, the Company has amassed a significant land base of extensive, high quality resources. Athabasca’s light oil assets are held in a private subsidiary (Duvernay Energy Corporation) in which Athabasca owns a 70% equity interest. Athabasca’s common shares trade on the TSX under the symbol “ATH”. For more information, visit www.atha.com.

    For more information, please contact:    
    Matthew Taylor   Robert Broen
    Chief Financial Officer   President and CEO
    1-403-817-9104   1-403-817-9190
    mtaylor@atha.com   rbroen@atha.com
         

    Reader Advisory:

    This News Release contains forward-looking information that involves various risks, uncertainties and other factors. All information other than statements of historical fact is forward-looking information. The use of any of the words “anticipate”, “plan”, “project”, “continue”, “maintain”, “may”, “estimate”, “expect”, “will”, “target”, “forecast”, “could”, “intend”, “potential”, “guidance”, “outlook” and similar expressions suggesting future outcome are intended to identify forward-looking information. The forward-looking information is not historical fact, but rather is based on the Company’s current plans, objectives, goals, strategies, estimates, assumptions and projections about the Company’s industry, business and future operating and financial results. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. No assurance can be given that these expectations will prove to be correct and such forward-looking information included in this News Release should not be unduly relied upon. This information speaks only as of the date of this News Release. In particular, this News Release contains forward-looking information pertaining to, but not limited to, the following: our strategic plans; the allocation of future capital; timing and quantum for shareholder returns including share buybacks; the terms of our NCIB program; our drilling plans and capital efficiencies; production growth to expected production rates and estimated sustaining capital amounts; timing of Leismer’s and Hangingstone’s pre-payout royalty status; applicability of tax pools; exemption from U.S. tariffs; Adjusted Funds Flow and Free Cash Flow over various periods; type well economic metrics; number of drilling locations; forecasted daily production and the composition of production; break-even metrics, our outlook in respect of the Company’s business environment, including in respect of commodity pricing; and other matters.

    In addition, information and statements in this News Release relating to “Reserves” and “Resources” are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated, and that the reserves and resources described can be profitably produced in the future. With respect to forward-looking information contained in this News Release, assumptions have been made regarding, among other things: commodity prices; the regulatory framework governing royalties, taxes and environmental matters in the jurisdictions in which the Company conducts and will conduct business and the effects that such regulatory framework will have on the Company, including on the Company’s financial condition and results of operations; the Company’s financial and operational flexibility; the Company’s financial sustainability; Athabasca’s cash flow break-even commodity price; the Company’s ability to obtain qualified staff and equipment in a timely and cost-efficient manner; the applicability of technologies for the recovery and production of the Company’s reserves and resources; future capital expenditures to be made by the Company; future sources of funding for the Company’s capital programs; the Company’s future debt levels; future production levels; the Company’s ability to obtain financing and/or enter into joint venture arrangements, on acceptable terms; operating costs; compliance of counterparties with the terms of contractual arrangements; impact of increasing competition globally; collection risk of outstanding accounts receivable from third parties; geological and engineering estimates in respect of the Company’s reserves and resources; recoverability of reserves and resources; the geography of the areas in which the Company is conducting exploration and development activities and the quality of its assets. Certain other assumptions related to the Company’s Reserves and Resources are contained in the report of McDaniel & Associates Consultants Ltd. (“McDaniel”) evaluating Athabasca’s Proved Reserves, Probable Reserves and Contingent Resources as at December 31, 2024 (which is respectively referred to herein as the “McDaniel Report”).

    Actual results could differ materially from those anticipated in this forward-looking information as a result of the risk factors set forth in the Company’s Annual Information Form (“AIF”) dated March 5, 2025 available on SEDAR at www.sedarplus.ca, including, but not limited to: weakness in the oil and gas industry; exploration, development and production risks; prices, markets and marketing; market conditions; trade relations and tariffs; climate change and carbon pricing risk; statutes and regulations regarding the environment including deceptive marketing provisions; regulatory environment and changes in applicable law; gathering and processing facilities, pipeline systems and rail; reputation and public perception of the oil and gas sector; environment, social and governance goals; political uncertainty; state of capital markets; ability to finance capital requirements; access to capital and insurance; abandonment and reclamation costs; changing demand for oil and natural gas products; anticipated benefits of acquisitions and dispositions; royalty regimes; foreign exchange rates and interest rates; reserves; hedging; operational dependence; operating costs; project risks; supply chain disruption; financial assurances; diluent supply; third party credit risk; indigenous claims; reliance on key personnel and operators; income tax; cybersecurity; advanced technologies; hydraulic fracturing; liability management; seasonality and weather conditions; unexpected events; internal controls; limitations and insurance; litigation; natural gas overlying bitumen resources; competition; chain of title and expiration of licenses and leases; breaches of confidentiality; new industry related activities or new geographical areas; water use restrictions and/or limited access to water; relationship with Duvernay Energy Corporation; management estimates and assumptions; third-party claims; conflicts of interest; inflation and cost management; credit ratings; growth management; impact of pandemics; ability of investors resident in the United States to enforce civil remedies in Canada; and risks related to our debt and securities. All subsequent forward-looking information, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

    Also included in this News Release are estimates of Athabasca’s 2025 outlook which are based on the various assumptions as to production levels, commodity prices, currency exchange rates and other assumptions disclosed in this News Release. To the extent any such estimate constitutes a financial outlook, it was approved by management and the Board of Directors of Athabasca and is included to provide readers with an understanding of the Company’s outlook. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of all of those costs, expenditures, prices and operating results are not objectively determinable. The actual results of operations of the Company and the resulting financial results may vary from the amounts set forth herein, and such variations may be material. The outlook and forward-looking information contained in this New Release was made as of the date of this News release and the Company disclaims any intention or obligations to update or revise such outlook and/or forward-looking information, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law.

    Oil and Gas Information

    “BOEs” may be misleading, particularly if used in isolation. A BOE conversion ratio of six thousand cubic feet of natural gas to one barrel of oil equivalent (6 Mcf: 1 bbl) is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value.

    Initial Production Rates 

    Test Results and Initial Production Rates: The well test results and initial production rates provided herein should be considered to be preliminary, except as otherwise indicated. Test results and initial production rates disclosed herein may not necessarily be indicative of long-term performance or of ultimate recovery.

    Reserves Information

    The McDaniel Report was prepared using the assumptions and methodology guidelines outlined in the COGE Handbook and in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities, effective December 31, 2024. There are numerous uncertainties inherent in estimating quantities of bitumen, light crude oil and medium crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company’s actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Reserves figures described herein have been rounded to the nearest MMbbl or MMboe. For additional information regarding the consolidated reserves and information concerning the resources of the Company as evaluated by McDaniel in the McDaniel Report, please refer to the Company’s AIF.

    Reserve Values (i.e. Net Asset Value) is calculated using the estimated net present value of all future net revenue from our reserves, before income taxes discounted at 10%, as estimated by McDaniel effective December 31, 2024 and based on average pricing of McDaniel, Sproule and GLJ as of January 1, 2025.

    The 444 gross Duvernay drilling locations referenced include: 87 proved undeveloped locations and 85 probable undeveloped locations for a total of 172 booked locations with the balance being unbooked locations. Proved undeveloped locations and probable undeveloped locations are booked and derived from the Company’s most recent independent reserves evaluation as prepared by McDaniel as of December 31, 2024 and account for drilling locations that have associated proved and/or probable reserves, as applicable. Unbooked locations are internal management estimates. Unbooked locations do not have attributed reserves or resources (including contingent or prospective). Unbooked locations have been identified by management as an estimation of Athabasca’s multi-year drilling activities expected to occur over the next two decades based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, commodity prices, provincial fiscal and royalty policies, costs, actual drilling results, additional reservoir information that is obtained and other factors.

    Non-GAAP and Other Financial Measures, and Production Disclosure

    The “Corporate Consolidated Adjusted Funds Flow”, “Corporate Consolidated Adjusted Funds Flow per Share”, “Athabasca (Thermal Oil) Adjusted Funds Flow”, “Duvernay Energy Adjusted Funds Flow”, “Corporate Consolidated Free Cash Flow”, “Athabasca (Thermal Oil) Free Cash Flow”, “Duvernay Energy Free Cash Flow”, “Corporate Consolidated Operating Income”, “Corporate Consolidated Operating Income Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Income”, “Duvernay Energy Operating Income”, “Corporate Consolidated Operating Netback”, “Corporate Consolidated Operating Netback Net of Realized Hedging”, “Athabasca (Thermal Oil) Operating Netback”, “Duvernay Energy Operating Netback” and “Cash Transportation and Marketing Expense” financial measures contained in this News Release do not have standardized meanings which are prescribed by IFRS and they are considered to be non-GAAP financial measures or ratios. These measures may not be comparable to similar measures presented by other issuers and should not be considered in isolation with measures that are prepared in accordance with IFRS. Net Cash and Liquidity are supplementary financial measures. The Leismer and Hangingstone operating results are supplementary financial measures that when aggregated, combine to the Athabasca (Thermal Oil) segment results.

    Adjusted Funds Flow, Adjusted Funds Flow Per Share and Free Cash Flow

    Adjusted Funds Flow and Free Cash Flow are non-GAAP financial measures and are not intended to represent cash flow from operating activities, net earnings or other measures of financial performance calculated in accordance with IFRS. The Adjusted Funds Flow and Free Cash Flow measures allow management and others to evaluate the Company’s ability to fund its capital programs and meet its ongoing financial obligations using cash flow internally generated from ongoing operating related activities. Adjusted Funds Flow per share is a non-GAAP financial ratio calculated as Adjusted Funds Flow divided by the applicable number of weighted average shares outstanding. Adjusted Funds Flow and Free Cash Flow are calculated as follows:

      Three months ended
    March 31, 2025    		  
    ($ Thousands) Athabasca
    (Thermal Oil)    		   Duvernay Energy(1)   Corporate Consolidated(1)  
    Cash flow from operating activities $ 113,427   $ 9,926   $ 123,353  
    Changes in non-cash working capital   7,230     (1,612 )   5,618  
    Settlement of provisions   696     8     704  
    ADJUSTED FUNDS FLOW   121,353     8,322     129,675  
    Capital expenditures   (50,376 )   (12,957 )   (63,333 )
    FREE CASH FLOW $ 70,977   $ (4,635 ) $ 66,342  

    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.

      Three months ended
    March 31, 2024    		  
    ($ Thousands) Athabasca
    (Thermal Oil)    		   Duvernay Energy(1)   Corporate Consolidated(1)  
    Cash flow from operating activities $ 72,730   $ 3,908   $ 76,638  
    Changes in non-cash working capital   9,382     149     9,531  
    Settlement of provisions   1,601     2     1,603  
    ADJUSTED FUNDS FLOW   83,713     4,059     87,772  
    Capital expenditures   (42,119 )   (33,892 )   (76,011 )
    FREE CASH FLOW $ 41,594   $ (29,833 ) $ 11,761  

    (1) Duvernay Energy and Corporate Consolidated reflect gross financial metrics before taking into consideration Athabasca’s 70% equity interest in Duvernay Energy.

    Duvernay Energy Operating Income and Operating Netback

    The non-GAAP measure Duvernay Energy Operating Income in this News Release is calculated by subtracting the Duvernay Energy royalties, operating expenses and transportation & marketing expenses from petroleum and natural gas sales which is the most directly comparable GAAP measure. The Duvernay Energy Operating Netback per boe is a non-GAAP financial ratio calculated by dividing the Duvernay Energy Operating Income by the Duvernay Energy production. The Duvernay Energy Operating Income and the Duvernay Energy Operating Netback measures allow management and others to evaluate the production results from the Company’s Duvernay Energy assets.

    The Duvernay Energy Operating Income is calculated using the Duvernay Energy Segments GAAP results, as follows:

      Three months ended
    March 31,    		  
    ($ Thousands, unless otherwise noted) 2025   2024  
    Petroleum and natural gas sales $ 17,619   $ 11,538  
    Royalties   (2,761 )   (2,314 )
    Operating expenses   (3,786 )   (3,640 )
    Transportation and marketing   (798 )   (898 )
    DUVERNAY ENERGY OPERATING INCOME(1) $ 10,274   $ 4,686  

    Athabasca (Thermal Oil) Operating Income and Operating Netback

    The non-GAAP measure Athabasca (Thermal Oil) Operating Income in this News Release is calculated by subtracting the Athabasca (Thermal Oil) segments cost of diluent blending, royalties, operating expenses and cash transportation & marketing expenses from heavy oil (blended bitumen) and midstream sales which is the most directly comparable GAAP measure. The Athabasca (Thermal Oil) Operating Netback per bbl is a non-GAAP financial ratio calculated by dividing the respective projects Operating Income by its respective bitumen sales volumes. The Athabasca (Thermal Oil) Operating Income and the Athabasca (Thermal Oil) Operating Netback measures allow management and others to evaluate the production results from the Athabasca (Thermal Oil) assets.

    The Athabasca (Thermal Oil) Operating Income is calculated using the Athabasca (Thermal Oil) Segments GAAP results, as follows:

      Three months ended
    March 31,    		  
    ($ Thousands, unless otherwise noted) 2025   2024  
    Heavy oil (blended bitumen) and midstream sales $ 362,375   $ 305,041  
    Cost of diluent   (152,132 )   (133,860 )
    Total bitumen and midstream sales   210,243     171,181  
    Royalties   (15,964 )   (11,537 )
    Operating expenses – non-energy   (24,887 )   (23,125 )
    Operating expenses – energy   (13,507 )   (16,558 )
    Transportation and marketing(1)   (20,569 )   (19,512 )
    ATHABASCA (THERMAL OIL) OPERATING INCOME(2) $ 135,316   $ 100,449  

    (1) Transportation and marketing excludes non-cash costs of $0.6 million for the three months ended March 31, 2025 (three months ended March 31, 2024 – $0.6 million).

    Corporate Consolidated Operating Income and Corporate Consolidated Operating Income Net of Realized Hedging and Operating Netbacks

    The non-GAAP measures of Corporate Consolidated Operating Income including or excluding realized hedging in this News Release are calculated by adding or subtracting realized gains (losses) on commodity risk management contracts (as applicable), royalties, the cost of diluent blending, operating expenses and cash transportation & marketing expenses from petroleum, natural gas and midstream sales which is the most directly comparable GAAP measure. The Corporate Consolidated Operating Netbacks including or excluding realized hedging per boe are non-GAAP ratios calculated by dividing Corporate Consolidated Operating Income including or excluding hedging by the total sales volumes and are presented on a per boe basis. The Corporate Consolidated Operating Income and Corporate Consolidated Operating Netbacks including or excluding realized hedging measures allow management and others to evaluate the production results from the Company’s Duvernay Energy and Athabasca (Thermal Oil) assets combined together including the impact of realized commodity risk management gains or losses (as applicable).

      Three months ended
    March 31,    		  
    ($ Thousands, unless otherwise noted) 2025   2024  
    Petroleum, natural gas and midstream sales(1) $ 379,994   $ 316,579  
    Royalties   (18,725 )   (13,851 )
    Cost of diluent(1)   (152,132 )   (133,860 )
    Operating expenses   (42,180 )   (43,323 )
    Transportation and marketing(2)   (21,367 )   (20,410 )
    Operating Income(3)   145,590     105,135  
    Realized gain (loss) on commodity risk mgmt. contracts   (1,643 )   1,445  
    OPERATING INCOME NET OF REALIZED HEDGING(3) $ 143,947   $ 106,580  

    (1) Non-GAAP measure includes intercompany NGLs (i.e. condensate) sold by the Duvernay Energy segment to the Athabasca (Thermal Oil) segment for use as diluent that is eliminated on consolidation.
    (2) Transportation and marketing excludes non-cash costs of $0.6 million for the three months ended March 31, 2025 (three months ended March 31, 2024 – $0.6 million).

    Cash Transportation and Marketing Expense

    The Cash Transportation and Marketing Expense financial measures contained in this News Release are calculated by subtracting the non-cash transportation and marketing expense as reported in the Consolidated Statement of Cash Flows from the transportation and marketing expense as reported in the Consolidated Statement of Income (Loss) and are considered to be non-GAAP financial measures.

    Net Cash

    Net Cash is defined as the face value of term debt, plus accounts payable and accrued liabilities, plus current portion of provisions and other liabilities plus income tax payable less current assets, excluding risk management contracts.

    Liquidity

    Liquidity is defined as cash and cash equivalents plus available credit capacity.

    Production volumes details

        Three months ended
    March 31,    		  
    Production   2025   2024  
    Duvernay Energy:          
    Oil and condensate NGLs(1) bbl/d   1,839     1,205  
    Other NGLs bbl/d   326     180  
    Natural gas(2) mcf/d   4,844     3,291  
    Total Duvernay Energy boe/d   2,972     1,934  
    Total Thermal Oil bitumen bbl/d   34,742     31,536  
    Total Company production boe/d   37,714     33,470  

    (1) Comprised of 99% or greater of tight oil, with the remaining being light and medium crude oil.
    (2) Comprised of 99% or greater of shale gas, with the remaining being conventional natural gas.

    This News Release also makes reference to Athabasca’s forecasted average daily Thermal Oil production of 33,500 ‐ 35,500 bbl/d for 2025. Athabasca expects that 100% of that production will be comprised of bitumen. Duvernay Energy’s forecasted total average daily production of ~4,000 boe/d for 2025 is expected to be comprised of approximately 68% tight oil, 23% shale gas and 9% NGLs.

    Liquids is defined as bitumen, light crude oil, medium crude oil and natural gas liquids.

    Break Even is an operating metric that calculates the US$WTI oil price required to fund operating costs (Operating Break-even), sustaining capital (Sustaining Break-even), or growth capital (Total Capital) within Adjusted Funds Flow.

    Footnote: Refer to the “Reader Advisory” section within this news release for additional information on Non‐GAAP Financial Measures (e.g. Adjusted Funds Flow, Free Cash Flow, Net Cash, Liquidity) and production disclosure.

    1 2025 pricing assumptions: US$70 WTI, US$12.50 WCS heavy differential, C$2 AECO, and 0.725 C$/US$ FX.

    The MIL Network –

  • MIL-OSI USA: Newhouse, Bipartisan Coalition Introduce Farm Workforce Modernization Act

    Source: United States House of Representatives – Congressman Dan Newhouse (4th District of Washington)

    Headline: Newhouse, Bipartisan Coalition Introduce Farm Workforce Modernization Act

    WASHINGTON, D.C. – Today, Reps. Dan Newhouse (R-WA) and Zoe Lofgren (D-CA) reintroduced the bipartisan Farm Workforce Modernization Act to reform the H-2A visa program and establish a strong, legal immigration workforce for agricultural producers.  

    “The workforce crisis has come to a boiling point for farmers across the country,” said Rep. Dan Newhouse. “Reintroducing the Farm Workforce Modernization Act sends a clear message to farmers that we are working hard to find solutions that ease the burdens brought on by the current state of the H-2A program. This legislation is necessary to lay the groundwork for continued negotiations, and I am committed to working closely with my colleagues to enact long-term, durable reforms to our agriculture guest worker programs. This issue has been, and remains, my top priority and unified Republican government is an opportunity to deliver for our farmers and ranchers.” 

    “The men and women who work America’s farms feed the nation. However, in the past few years, we’ve seen labor shortages contribute to high food prices,” said Rep. Zoe Lofgren. “As economic chaos and confusion continues, it is essential we provide stability to this critical workforce. The Farm Workforce Modernization Act would do so, which will protect the future of our farms and our food supply. It is well-past time we get this bipartisan legislation twice passed by the House of Representatives to the President’s desk.”

    Newhouse and Lofgren were joined by Reps. Mike Simpson (R-ID), Jim Costa (D-CA), David Valadao (R-CA), and Adam Gray (D-CA) in introducing the legislation.  

    “The workforce crisis is the most important issue facing agriculture in our country,” said Rep. Mike Simpson. “Supporting American agriculture means providing a stable, reliable, and legal workforce, and this legislative solution addresses one of the most pressing concerns our farmers and ranchers face. Now that we finally have an administration taking the border crisis seriously, Congress must address this issue and enact necessary reforms. It is well past time we solve this problem. I look forward to working with my colleagues and getting this critical legislation across the finish line to President Trump’s desk for his signature.” 

    “American agriculture depends on a reliable workforce and nowhere is that more true than in California’s San Joaquin Valley, where farmworkers are the backbone of our economy. This legislation is a common-sense, bipartisan solution that provides stability for our farmers and dignity for the workers who feed America. If President Trump is serious about fixing our broken immigration system, he should work with us to get this bill across the finish line,” said Rep. Jim Costa.  

    “Central Valley farmers are the backbone of our nation’s agricultural industry, but they continue to face serious challenges finding and retaining a reliable workforce,” said Rep. David Valadao. “The current H-2A program doesn’t meet the labor needs of many producers, but the Farm Workforce Modernization Act is a positive step to addressing our agriculture workforce needs and securing our food supply chain. Food security is national security, and I look forward to continuing to work with my colleagues on both sides of the aisle to find long-term solutions that support our farmers and strengthen our food supply chain.” 

    “Farm workers and the larger agricultural community are the backbone of the Central Valley’s economy,” said Rep. Adam Gray. “Labor shortages on our farms could lead to higher food prices across the country and the Valley cannot afford to be shorthanded. This commonsense bipartisan bill would stabilize our vital workforce and make sure Valley farmers can continue to feed families across the country.” 

    The legislation passed the House of Representatives with strong bipartisan support in the 116th and 117th Congresses. 

    Click here for a two-page summary of the bill.  

    Click here for a section-by-section outline of the bill.

    Click here for the full text of the bill. 

    ###  

    MIL OSI USA News –

  • MIL-OSI New Zealand: Wildlife law change a deep betrayal of public trust

    Source: It’s time to fix the secondary teacher shortage

    The Green Party is appalled by the Government’s use of urgency to rewrite the Wildlife Act–without consultation, without an impact statement, and in direct response to a court ruling in favour of protecting wildlife.

    “The Government is rushing legislation through Parliament to make it easier to kill kiwi and other precious wildlife,” says Green Party co-leader and Conservation spokesperson, Marama Davidson.

    “Our native taonga should be treasured. They connect us to our whenua and whakapapa, and form a critical component of our national identity. 

    “This law change comes directly off the back of a court ruling that found it was unlawful for the Department of Conservation (DOC) to permit developers to kill protected species.

    “Rather than respecting that ruling, and learning from it, the Government is rewriting the Act to make that killing legal. It’s cynical, calculated, and utterly, utterly devastating.

    “For the Minister of Conservation to say only days ago that nature is ‘part of our national identity, economy and way of life,’ then allow this legislation to bulldoze through the House is a disgrace. 

    “You can’t claim to value our biodiversity while forcing through law changes to make it easier to destroy it. This isn’t about protecting biodiversity—it’s about protecting profit and feeding corporate greed.

    “When nature is only valued for its economic benefit, the outcome is inevitable: destruction. This Government has made it clear that when forced to choose between the interests of industry or the interests of the law, the public, and the environment, it will always choose the bulldozer.

    “Our Green Budget will outline our bold vision for an Aotearoa that works with nature, not against it,” says Marama Davidson.

    MIL OSI New Zealand News –