Category: Economy

  • MIL-OSI: ICON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against ICON plc – ICLR

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, April 03, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until April 11, 2025 to file lead plaintiff applications in securities class action lawsuits against ICON plc (the “Company”) (NasdaqGS: ICLR), if they purchased the Company’s shares between July 27, 2023 and January 13, 2025, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Eastern District of New York.

    Get Help

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

    About the Lawsuits

    On October 23, 2024, the Company reported financial results for 3Q 2024, disclosing quarterly revenues of just $2.03 billion, revealing a shocking “revenue shortfall” that significantly missed consensus estimates of $2.13 billion by more than $100 million, that quarterly net new business wins had declined sequentially to $2.3 billion during the quarter, and that its book-to-bill ratio fell sequentially to 1.15, down from 1.22 in the prior quarter, due to ongoing cost containment measures by customers. On this news, the price of ICON’s shares fell from $280.76 per share on October 23, 2024 to $220.47 per share on October 25, 2024. Then, on January 14, 2025, the Company disclosed financial guidance for 2025 well below analysts’ expectations due to “trial activity [that] has been impacted by cautious spending from biopharma customers” and “a headwind from our top two customers.” On this news, the price of ICON’s shares fell from $217.99 per share on January 13, 2025, to $200.24 per share on January 14, 2025.

    The first-filed case is Shing v. ICON plc, No. 25-cv-00763. A subsequent case, Police and Fire Retirement System of the City of Detroit v. ICON plc, No. 25-cv-1807, updated the Class Period.

    About ClaimsFiler

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

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

    The MIL Network

  • MIL-OSI: Wintrust Board Members Edward Wehmer and Scott Heitmann to Conclude Long-time Board Service

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 03, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (NASDAQ: WTFC) (“Wintrust”) today announced Edward J. Wehmer and Scott K. Heitmann will conclude their long-time service as members of the Board of Directors at the Annual Meeting of Shareholders to be held May 22, 2025.

    “The leadership and expertise Ed and Scott have brought to our Board of Directors throughout their tenures cannot be summed up in a few words,” said H. Patrick Hackett, Jr., Wintrust Chairman of the Board. “We are immensely grateful to both Ed and Scott for their Board service as Wintrust has grown to the very successful $65 billion financial services enterprise it is today.”

    Wehmer opened the first Wintrust Community Bank location in 1991 when he launched Lake Forest Bank & Trust. He has served on the Board since the initial formation of Wintrust as a public company in 1996 and was President and Chief Executive Officer until May 2023. At that time, under the previously announced transition plan, Tim Crane was appointed President and Chief Executive Officer and Wehmer transitioned to Executive Chairman, a role he held until May 2024, as well as Founder and Senior Advisor, a role he continues to hold. He will be appointed Chairman Emeritus following the 2025 Annual Meeting.

    “Wintrust is coming off its best year ever,” Wehmer said. “The future for our company is bright. I will very much continue to be a resource and a sounding board for Tim and the management team in my role as Founder and Senior Advisor of the company. Of course, I remain a passionate advocate for Wintrust and our different approach to serving our customers across all of our businesses.”

    Heitmann joined the Board in 2008, bringing his vast banking industry experience with LaSalle Bank Corp., Standard Federal Bank and the Federal Home Loan Bank of Chicago to Wintrust as the company navigated a challenging banking environment.

    “Scott’s deep experience in banking provided us with valuable counsel as we realized opportunities to grow our Wintrust Community Banks, as well as support to navigate challenges our industry has faced over the last 17 years,” Hackett said.

    The remaining 13 Board members are seeking re-election, as noted in the 2025 Proxy Statement available at ir.wintrust.com.

    About Wintrust
    Wintrust is a financial holding company with $64.9 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.

    Forward-Looking Information
    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Wintrust’s Annual Report on Form 10-K for the most recently ended fiscal year. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

    For more information, media may contact Amy Yuhn at 847-939-9591 or ayuhn@wintrust.com or Tim Crane at 847-939-9000. For investor relations inquiries, please contact Dave Dykstra at 847-939-9000.

    The MIL Network

  • MIL-OSI: Waterfall Network Partners with Generative Mind and WaterSwap to Build AI-Powered Decentralized Solutions

    Source: GlobeNewswire (MIL-OSI)

    Zug, Switzerland, April 03, 2025 (GLOBE NEWSWIRE) — Waterfall Network (https://waterfall.network/), the most decentralized and scalable ledger, has announced a partnership with Generative Mind, a leader in AI-driven blockchain intelligence and WaterSwap, the first AI-powered BTC DEX with real-time market sentiment. This collaboration combines Generative Mind’s advanced AI capabilities with Waterfall’s decentralized infrastructure to develop innovative, transparent, and efficient Web3 solutions. WaterSwap is the first of many groundbreaking projects to launch under the partnership that will introduce practical tools for improving token launches, market performance, influencer credibility, and machine learning efficiency.

    “AI is transforming blockchain by making data-driven decisions more accessible and transparent,” said Anna Maria Di Sciullo, CEO and Co-Founder of Generative Mind. “Our partnership with Waterfall and WaterSwap allows us to bring AI-powered insights to Web3 in a way that benefits the entire ecosystem.” 

    AI-Powered Launchpad for New Projects

    By aggregating real-time internet data and historical project performance, Generative Mind and Waterfall are creating a smart launchpad that will automatically assign a “hype score” to new crypto projects. This score will help the community evaluate investment potential and make informed decisions.

    Decentralized Exchange (DEX) with Predictive Market Insights

    Leveraging the same AI-driven analytics, the planned DEX integration will provide real-time hype scores for already launched projects, offering traders a powerful new tool to anticipate potential price movements and market trends.

    Trust-Based Marketplace for Influencers and Key Opinion Leaders (KOLs)

    The partnership will also introduce a marketplace that evaluates the credibility and impact of crypto influencers. By analyzing past project performance and influencer involvement, an algorithm will generate a “community trust score” for key opinion leaders (KOLs). This score will help investors and projects assess an influencer’s reliability based on their track record with successful launches.

    Decentralized AI Compute Infrastructure

    Waterfall’s robust decentralized network will serve as the foundation for a groundbreaking decentralized AI computing framework. Using grid computing principles, this system will allow multiple machines to work together on AI tasks, speeding up the training of AI models. Those who contribute computing power will be rewarded based on the amount of work they provide.

    Furthermore, this infrastructure will facilitate on-demand AI model consumption, enabling developers to access pre-installed NLP models with expansion capabilities. By bridging computational resources with AI demand, this initiative will create a self-sustaining AI economy, where contributors earn rewards while developers gain access to scalable AI solutions.

    “By integrating AI with blockchain infrastructure, we are bridging the gap between data intelligence and decentralized finance,” said Vincent Di Sciullo COO and Co-Founder of Generative Mind. “With Waterfall’s scalable network and WaterSwap’s innovative trading platform, we are creating tools that empower users with real-time market sentiment and predictive analytics, driving a new era of informed decision-making in Web3.”

    WaterSwap, A First of Its Kind

    WaterSwap is the first AI-powered BTC DEX, combining real-time AI market insights, gas-free transactions, and deep liquidity to optimize execution for traders and liquidity providers. As the first project under this collaboration, WaterSwap unlocks new trading strategies with AI-optimized liquidity management, perpetual futures, and cross-chain BTC interoperability. In essence, WaterSwap is redefining Bitcoin trading, integrating AI-driven sentiment analysis, deep liquidity pools, and institutional-grade compliance into a seamless, on-chain trading experience.

    “This partnership with Waterfall and Generative Mind accelerates our mission to bring smarter, more transparent trading solutions to the crypto space,” said Andrey Sarayev, Founder of Waterswap. “For the first time, traders can access real-time sentiment analysis directly on a DEX, unlocking more strategic and efficient trading.”

    Shaping the Future of AI and Blockchain

    “Generative Mind, WaterSwap and Waterfall share a common vision of leveraging AI and decentralized technology to bring trust, efficiency, and intelligence to Web3,” said Dr. Sergii Grybniak, Head of Research at Waterfall Network. “Our joint initiatives will set new standards for how blockchain projects are launched, traded, and evaluated while expanding the frontiers of decentralized AI computing.”

    Waterfall’s infrastructure, combined with Generative Mind’s AI expertise, has the potential to redefine the token launch ecosystem, decentralized trading strategies, and the role of AI in blockchain development. The companies plan to release further details on these initiatives in the coming months.

    For more information on what’s next, visit https://waterfall.network/ and follow Waterfall Network on all its channels: 

    Discord: https://discord.gg/Nwb8aR2XvR 
    Twitter: https://x.com/waterfall_dag 
    Telegram: https://t.me/waterfall_network

    About Generative Mind
    Generative Mind is an AI-driven blockchain analytics company specializing in real-time fine-grained natural language understanding, data aggregation, predictive modeling, and intelligence solutions for the Web3 ecosystem. Generative Mind’s innovative technology and decentralized data solutions make it uniquely positioned to compute and deploy leading social media hype signals.

    About Waterfall
    Waterfall Network is a leading layer one (L1) ledger that provides an innovative solution for security, scalability and decentralization, helping dAPP developers to change the world.  Waterfall Network is built atop a Directed Acyclic Graph (DAG) architecture that enables users to run a validator node from any device, including low-cost laptops and, in the near future, mobile phones. Waterfall Network is compatible with Ethereum Virtual Machine (EVM), allowing for portability of decentralized applications (dAPPs), with minimal  hardware requirements for participants who want to become validators. 

    Media Contact:
    bluewave@transformgroup.com 

    The MIL Network

  • MIL-OSI: APPLOVIN SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against AppLovin Corporation – APP

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, April 03, 2025 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until May 5, 2025 to file lead plaintiff applications in a securities class action lawsuit against AppLovin Corporation (NasdaqGS: APP), if they purchased the Company’s securities between May 10, 2023 and February 25, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.

    Get Help

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

    About the Lawsuit

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

    On February 26, 2025, analyst research reports highlighted that the Company was engaging in “Ad Fraud” and other dubious practices including reverse engineering and exploiting advertising data from Meta Platforms, and utilizing manipulative practices to artificially inflate their own ad click-through and app download rates, such as by having ads click on themselves or utilizing design gimmicks to trigger forced shadow downloads, erroneously inflating installation numbers and, in turn, its profit figures.

    On this news, the price of AppLovin’s shares fell from $377.06 per share on February 25, 2025 to $331.00 per share on February 26, 2025.

    The case is Quiero v. AppLovin Corporation, et al., No. 25-cv-02294.

    About ClaimsFiler

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

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

    The MIL Network

  • MIL-OSI New Zealand: Explore the seafloor: new maps launched in Akaroa

    Source: Environment Canterbury Regional Council

    The maps are the result of extensive fieldwork and modelling, and will help rūnanga, communities and agencies make more informed decisions about ecosystem management.

    Iongairo is a partnership between papatipu rūnanga of Te Pātaka o Rākaihautū, the Department of Conservation, and us, with the University of Otago serving as the project’s science partner. ‘Iongairo’ represents the relationship between Papatūānuku and Tangaroa in Te Ao Māori — signifying the special relationship between the whenua/land and the moana/ocean.

    View the

    seafloor maps

    Insights into marine ecosystems

    Ōnuku Rūnanga Chairperson, Rik Tainui, said it was the opportunity of a lifetime for Ōnuku.

    “We hadn’t done any extensive work with any agency in the harbour before and I just thought, this is brilliant. We’re going to use the data that’s been collected to help us determine where we should plant, and do things that can slow down sedimentation which isn’t helping our moana. We won’t have to guess like we’ve done in the past.”

    Wairewa Rūnanga mana whenua mana moana team leader, Robin Wybrow, said the most important part of the project was the collaboration and relationships.

    “A really important part of the mahi was the foundation work, with all the partners coming together to determine how the research project would take place, our shared values, and the direction it needed to take. The group just clicked, which was a pleasant surprise.”

    Environment Canterbury chief scientist, Dr Fiona Shanhun, said that this resource represents a significant collaborative effort to help enhance the way we look after coastal marine ecosystems, now and for future generations.

    “The Iongairo project has provided incredible insights into the marine ecosystems around Te Pātaka o Rākaihautū, enriching our knowledge of diverse seafloor habitats and offering more information than ever before to enable kaitiaki and coastal managers to explore connections between the land and the sea.”

    “Data collected will also help researchers detect and assess possible impacts from climate change and human activities on key habitats and taonga species.”

    Department of Conservation Marine Ranger, Tom MacTavish agrees that information is paramount for conservation.

    “Better marine conservation relies on improving our understanding of what we have here in the moana, where these habitats are and how these ecosystems are affected by what’s happening on the land.”

    University of Otago research fellow, Dr Matthew Desmond, echoed that the Iongairo project was a great opportunity to develop more accurate models and datasets for the area.

    “By understanding on a finer scale what’s happening in each reef system, we can better manage them and understand their health. What we achieved by having all these partners on board was greater than what we could have achieved on our own.”

    About the kaupapa/project:

    Learn more about the Iongairo project:

    MIL OSI New Zealand News

  • MIL-OSI Security: Former Bureau of Labor Statistics Economist Pleads Guilty to Making False Statements

    Source: Office of United States Attorneys

    Admits Lying to Receive Sick Leave Pay While Concurrently Working for Another Employer During the Pandemic

               WASHINGTON — Matthew Hong, 28, of Middlesex, New Jersey, pleaded guilty today in U.S. District Court to making false statements in connection with sick leave compensation that he received from his federal government employer when he was not sick but instead working remotely for a private company during the COVID-19 pandemic.

              The plea was announced by U.S. Attorney Edward R. Martin, Jr., Supervisory Official Matthew Galeotti of the Justice Department’s Criminal Division, FBI Special Agent in Charge Sean Ryan of the FBI Washington Field Office, Criminal and Cyber Division, and Special Agent in Charge Troy W. Springer of the National Capital Region, U.S. Department of Labor – Office of Inspector General (DOL-OIG).

              Hong pleaded guilty to one count of false statements and faces a maximum penalty of five years in prison. Sentencing is scheduled for July 17. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

              According to court documents, Hong was an economist at the Bureau of Labor Statistics (BLS) within the U.S. Department of Labor from April 2020 until July 2023. At BLS, Hong worked on the Current Employment Statistics program within the National Estimates Branch that produced, among other things, the monthly estimates of nonfarm employment numbers. In that role Hong had access to certain Principal Federal Economic Indicators (PFEI), such as the employment and unemployment numbers, several days prior to their public disclosure. This information was subject to strict security procedures and safeguards due to the PFEI’s sensitivity and ability to affect financial markets if prematurely disclosed. 

              Beginning in June 2022, and while still employed at BLS and working remotely due to the COVID-19 pandemic, Hong began full-time employment at a global financial institution headquartered in New York City, as a senior associate in a group that analyzed and developed macroeconomic scenarios used in the company’s forecasting. As part of his job at the financial institution, Hong developed economic narratives and forecasts that involved multiple macroeconomic variables.             

              On at least 55 different occasions between June 2022 and July 2023, Hong made entries in BLS’s time and attendance system that falsely represented that he was sick on a given workday and sought sick leave compensation from BLS when, in fact, he was not sick but instead was working for the private financial institution. Based on these false statements, Hong received over $13,300 in sick leave compensation from BLS.

              The case is being investigated by the FBI Washington Field Office and DOL-OIG. It is being prosecuted by Special Assistant U.S. Attorney Rami Sibay for the District of Columbia and Trial Attorney Matthew F. Sullivan of the Criminal Division’s Fraud Section. Assistant U.S. Attorneys Kathryn Rakoczy and Maria Vento provided substantial assistance with the investigation and prosecution.

    25cr67

    MIL Security OSI

  • MIL-OSI: Compass Diversified Declares First Quarter 2025 Distributions on Common and Series A, B and C Preferred Shares

    Source: GlobeNewswire (MIL-OSI)

    WESTPORT, Conn., April 03, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle-market branded consumer and industrial businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended March 31, 2025, is payable on April 24, 2025, to all holders of record of Common Shares as of April 17, 2025.

    The Board also declared a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares (the “Series A Preferred Shares”). The distribution on the Series A Preferred Shares covers the period from, and including, January 30, 2025, up to, but excluding, April 30, 2025. The distribution for such period is payable on April 30, 2025, to all holders of record of Series A Preferred Shares as of April 15, 2025.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series B Preferred Shares (the “Series B Preferred Shares”). The distribution on the Series B Preferred Shares covers the period from, and including, January 30, 2025, up to, but excluding, April 30, 2025. The distribution for such period is payable on April 30, 2025, to all holders of record of Series B Preferred Shares as of April 15, 2025.

    The Board also declared a quarterly cash distribution of $0.4921875 per share on the Company’s 7.875% Series C Preferred Shares (the “Series C Preferred Shares”). The distribution on the Series C Preferred Shares covers the period from, and including, January 30, 2025, up to, but excluding, April 30, 2025. The distribution for such period is payable on April 30, 2025, to all holders of record of Series C Preferred Shares as of April 15, 2025.

    CODI’s common and preferred cash distributions should generally constitute “qualified dividends” for U.S. federal income tax purposes to the extent they are paid from “earnings and profits” (as determined under U.S. federal income tax principles), provided that the requisite holding period is met. To the extent that the amount of cash distributions exceeds earnings and profits, such distribution will first be treated as a non-taxable return of capital to the extent of the holder’s adjusted tax basis in the shares and thereafter be treated as a capital gain from the sale or exchange of such shares.

    About Compass Diversified
    Since its IPO in 2006, CODI has consistently executed its strategy of owning and managing a diverse set of highly defensible, middle-market businesses across the branded consumer, industrial, and healthcare and critical outsourced services sectors. The Company leverages its permanent capital base, long-term disciplined approach, and actionable expertise to maintain controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment, and accountability. For more information, please visit compassdiversified.com.

    Forward-Looking Statements
    This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI and its subsidiaries. Words such as “believes,” “expects,” and “future” or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2024 and in other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Investor Relations
    Compass Diversified
    irinquiry@compassdiversified.com

    Gateway Group
    Cody Slach
    949.574.3860
    CODI@gateway-grp.com

    Media Relations
    Compass Diversified
    mediainquiry@compassdiversified.com

    The IGB Group
    Leon Berman
    212.477.8438
    lberman@igbir.com

    Source: Compass Diversified Holdings

    The MIL Network

  • MIL-OSI: FinWise Bancorp to Host First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, April 03, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), the parent company of FinWise Bank, today announced that it will report its first quarter 2025 results and host a conference call and webcast after the market close on Wednesday, April 30, 2025.

    Conference Call Information

    The conference call will be held at 5:30 p.m. ET to discuss financial results for the first quarter of 2025. The dial-in number is 1-877-423-9813 (toll-free) or 1-201-689-8573 (international). The conference ID is 13752183. Please dial the number 10 minutes prior to the scheduled start time.

    Webcast Information

    The webcast will be available on the Company’s website at FinWise Earnings Call Live Webcast and a replay of the call will be available at Investor Relations | FinWise Bancorp (gcs-web.com) for six months following the call.

    Submission of Conference Call Questions

    In addition to questions asked live by analysts during the call, the Company will also accept for consideration questions submitted via email prior to 5:30 p.m. ET on Wednesday, April 30, 2025. Please email questions to investors@finwisebank.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. The Company is expanding and diversifying its business model by incorporating Payments (MoneyRailsTM) and BIN Sponsorship offerings. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    For more information on FinWise Bank, visit https://investors.finwisebancorp.com.

    Contacts:
    investors@finwisebank.com
    media@finwisebank.com

    The MIL Network

  • MIL-OSI: COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2025 EARNINGS DATE AND CONFERENCE CALL INFORMATION

    Source: GlobeNewswire (MIL-OSI)

    FRISCO, TX, April 03, 2025 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) plans to release its first quarter 2025 results on April 30, 2025 after the market closes and host its quarterly conference call at 10:00 a.m. CT on May 1, 2025 to discuss the first quarter results.  

    Parties interested in participating in the conference call telephonically will need to register at https://register-conf.media-server.com/register/BIe794f2ba5583499f970858176fd39094. Upon registering to participate in the conference call, participants will receive the dial-in number and a personal PIN number to access the conference call. On the day of the call, please dial in at least 15 minutes in advance to ensure a timely connection to the call.

    ~~~

    The conference call will also be broadcast live in listen-only mode and can be accessed via the website URL: https://edge.media-server.com/mmc/p/99m3j47q.

    ~~~

    A replay of the first quarter 2025 conference call will be available for twelve months beginning at 1:00 p.m. CT on May 1, 2025. The replay of the conference can be accessed using the webcast link: https://edge.media-server.com/mmc/p/99m3j47q.

    About Comstock Resources:

    Comstock Resources is a leading independent natural gas producer with operations focused on the development of the Haynesville Shale in North Louisiana and East Texas.

    A slide show presentation on the financial results will be available on Comstock’s website at www.comstockresources.com. Click on “Quarterly Results” to view the slide show.

    The MIL Network

  • MIL-OSI: Employers Holdings, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., April 03, 2025 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its first quarter 2025 financial results after market close on Thursday, May 1, 2025, after which these materials will be available on the Company’s website at www.employers.com through the “Investors” link.

    Conference Call Details
    The Company will then review these financial results via a conference call and webcast on Friday, May 2, 2025, at 11:00 a.m. EDT / 8:00 a.m. PDT.

    To participate in the live conference call, you must first register here. Once registered you will receive dial-in numbers and a unique PIN number. The webcast will be accessible on the Company’s website at www.employers.com through the “Investors” link.

    An archived version of the webcast will be accessible on the Company’s website following the live call.

    About EMPLOYERS

    Employers Holdings, Inc. (NYSE: EIG), is a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services (collectively “EMPLOYERS®”) focused on small and mid-sized businesses engaged in low-to-medium hazard industries. EMPLOYERS leverages over a century of experience to deliver comprehensive coverage solutions that meet the unique needs of its customers. Drawing from its long history and extensive knowledge, EMPLOYERS empowers businesses by protecting their most valuable asset – their employees – through exceptional claims management, loss control, and risk management services, to create safer work environments.

    EMPLOYERS is also proud to offer Cerity®, which is focused on providing digital-first, direct-to-consumer workers’ compensation insurance solutions with fast, and affordable coverage options through a user-friendly online platform.

    EMPLOYERS operates throughout the United States, apart from four states that are served exclusively by their state funds. Insurance is offered through Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Preferred Insurance Company, Employers Assurance Company, and Cerity Insurance Company, all rated A (Excellent) by A.M. Best. Not all companies do business in all jurisdictions. EIG Services, Inc., and Cerity Services, Inc., are subsidiaries of Employers Holdings, Inc. EMPLOYERS® is a registered trademark of EIG Services, Inc., and Cerity® is a registered trademark of Cerity Services, Inc. For more information, please visit www.employers.com and www.cerity.com.

    Contact: Michael Pedraja mpedraja@employers.com

    The MIL Network

  • MIL-OSI: National Fuel Announces Executive Management Change

    Source: GlobeNewswire (MIL-OSI)

    Utility President Donna DeCarolis to Retire;
    Will Continue to Serve as a Senior Energy Advisor to National Fuel

    Michael Colpoys to Succeed DeCarolis as
    President of National Fuel Gas Distribution Corporation

    WILLIAMSVILLE, N.Y., April 03, 2025 (GLOBE NEWSWIRE) — National Fuel Gas Company (“National Fuel” or the “Company”) (NYSE: NFG) today announced that Donna L. DeCarolis, President of National Fuel Gas Distribution Corporation, the Utility segment of National Fuel Gas Company, has indicated her intention to retire, effective July 1, 2025, after more than 40 years of service.

    While Donna retires from the day-to-day management of New York’s largest natural gas only utility, she is being retained as a Senior Energy Advisor for the Company, continuing her role actively representing National Fuel in New York’s statewide energy policy matters. Since 2019 when New York passed the most aggressive climate and decarbonization legislation in the country, DeCarolis has been a staunch advocate for natural gas customers and the need for them to have affordable, reliable and resilient energy options. She has participated in hundreds of community conversations to increase awareness and education on the State’s climate mandates and their potential impact on the lives of New York residents as well as the State’s economy. DeCarolis has been an active presence in Albany identifying real regional differences, and how a policy that might work downstate is potentially harmful for upstate New York due to our more extreme weather and less wealth than metro New York City. Her important role as a vocal advocate in this arena is not going to change, she’ll just be in a different capacity as a senior advisor for National Fuel.

    “Donna’s leadership has made a lasting mark on National Fuel and the communities and organizations she has served for more than 40 years,” said David P. Bauer, President and Chief Executive Officer of National Fuel Gas Company. “Her dedication and vision have helped shape the long-term success of our organization, and I am pleased that she will continue to represent the Company in key energy policy matters as a senior advisor. I hope that her next chapter will be as rewarding as her career has been for National Fuel.”

    DeCarolis was named President of National Fuel Gas Distribution Corporation, National Fuel’s Utility subsidiary, in February 2019. Prior to that, since 2007, she held the title of Vice President of Business Development for National Fuel Gas Company. During her more than 40-year tenure with the Company, she ascended through several different business areas, including Corporate Investor Relations, Utility Customer Quality Assurance, Corporate Communications, Human Resources, Utility Energy Marketing, Government Affairs, Utility Consumer Business/Customer Service as well as having previously been president of several of the Company’s non-regulated business entities. Active in her support of the community, Donna has served in leadership capacities on the boards of the Business Council of New York, the Buffalo Niagara Partnership, Frank Lloyd Wright’s Darwin Martin House Restoration Complex, Leadership Buffalo, Shea’s O’Connell Preservation Guild, the University at Buffalo’s School of Management, Buffalo Sabres Foundation, Niagara University and the African American Veteran’s Monument.

    Shortly after assuming the role of Utility President, DeCarolis was named the second appointment to the New York State Climate Action Council, a 22-member body created in statute under the Climate Leadership and Community Protection Act (Climate Act). The Council was charged with developing a plan to reach New York State’s 2030 and 2050 greenhouse gas emission reduction goals and spent three years developing a final scoping plan, issued December 2022. DeCarolis was one of the three energy industry executives to vote against the Scoping Plan because of unanswered and unaddressed concerns about the Climate Act’s impact on customer affordability, energy reliability, the elimination of customer choice and the overall impact on New York’s ability to maintain its business competitiveness if the state were to decarbonize and electrify everything.

    The Company also announced that on July 1, 2025, DeCarolis will be succeeded by Michael Colpoys as President of National Fuel Gas Distribution Corporation. Colpoys is a long-tenured National Fuel officer who has spent much of his career on the Operations side of the industry. With decades of experience in all aspects of utility operations, Colpoys was named Senior Vice President for National Fuel Gas Distribution Corporation in 2021, gaining oversight for all utility field operations in New York and Pennsylvania. In addition, he oversees the Rates and Regulatory Affairs, Energy Services and Gas Supply Administration departments.

    Originally from Buffalo, Colpoys started his career in 1987 as a Management Trainee and was promoted to Junior Engineer in 1988. In the following years, he was promoted numerous times, advancing to Assistant Vice President of Distribution Corporation in 2009 and then to Vice President in 2015 of National Fuel Gas Midstream Company where he oversaw the development, construction and operation of the company’s expanding gathering pipelines. In 2016, he was named Vice President of Distribution Corporation. He received a bachelor’s degree from Clarkson University and a Master of Business Administration from Penn State Behrend.

    Colpoys resides in Erie, Pa., and is actively involved with industry, business and community groups, serving on the boards of Northeast Gas Association, Energy Association of Pennsylvania, Pennsylvania Chamber, Erie Downtown Development Corporation, Penn State Behrend College of Fellows and the 100 Club of Buffalo.

    National Fuel is an integrated energy company reporting financial results for four operating segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. National Fuel Gas Distribution Corporation is the Utility segment of National Fuel Gas Company and provides natural gas service for 2.2 million residents in Western New York and Northwestern Pennsylvania. Additional information about National Fuel is available at www.nationalfuel.com.

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/d16aac8d-4110-4b4a-9e31-e12c1a87dce2
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e1cb8680-74fe-4355-a3c5-3c5878a05868

    The MIL Network

  • MIL-OSI USA: PREPARED REMARKS: Sanders Speech on Senate Vote to Block $8.8 Billion Sale of Heavy Bombs to Israel

    US Senate News:

    Source: United States Senator for Vermont – Bernie Sanders

    WASHINGTON, April 3 – After filing Joint Resolutions of Disapproval (JRDs) to block the sale of two of the most egregious Trump Administration offensive arms sales to Israel, Sen. Bernie Sanders (I-Vt.) today rose to bring the JRDs up for a vote by the full Senate.

    The sales would provide almost $8.8 billion more in heavy bombs and other munitions to Netanyahu, including more than 35,000 massive 2,000-pound bombs.

    • The first resolution, S.J.Res 33, would block a sale of $2.04 billion for 35,329 MK 84 2,000 lb. bombs and 4,000 I-2000 Penetrator warheads.
    • The second resolution, S.J.Res.26, would block $6.75 billion for 2,800 500-pound bombs, 2,166 Small Diameter Bombs, and tens of thousands of JDAM guidance kits.

    All of these systems have been linked to dozens of illegal airstrikes, including on designated humanitarian sites, resulting in thousands of civilian casualties. None of these systems are necessary to protect Israel from incoming drone or rocket attacks.

    The JRD is the only formal mechanism available to Congress to prevent an arms sale noticed by the administration from advancing.

    Sanders’ remarks introducing the vote today, as prepared for delivery, are below and can be watched live HERE:

    M. President, let me begin by telling the American people something they already know, and that is, as a result of the disastrous Citizens United Supreme Court decision, we now have a corrupt campaign finance system that allows billionaires to buy elections and to influence major pieces of legislation. That, I think, is not a secret to the American people.

    If you’re a Republican and you vote against the Trump administration in one way or another, you have to look over your shoulder and worry that you’re going to get a call from Elon Musk, the wealthiest man in the world. And he will tell you that if you vote against what he wants, he will spend unlimited amounts of money to defeat you in the next election. That’s not a great secret. That’s what Musk has been saying publicly. 

    If you’re a Democrat, you have to worry about the billionaires who fund AIPAC, the American Israel Public Affairs Committee. If you vote against Israeli Prime Minister Benjamin Netanyahu and his horrific war in Gaza, AIPAC will punish you with millions of dollars in advertisements to see that you’re defeated. AIPAC’s PAC and Super PAC spent nearly $127 million combined during the 2023-2024 election cycle, according to the Federal Election Commission.

    And I must confess that AIPAC has been successful. Last year, they defeated two members of the U.S. House who opposed providing military aide to Netanyahu’s extremist government.

    Given all of that, I would hope that Democrats and Republicans who understand that they were elected to protect the interests of their constituents, not billionaire campaign contributors, would support the ending of Citizens United and the movement toward public funding of elections so billionaires could not continue to control the political and legislative process.

    Further, I would hope that both parties would move to end super PAC funding in their primaries. I would hope that would be the case so that we can once again become a government of the people, by the people, for the people – and not a government run by the billionaire class. 

    M. President, I trust that every American – and certainly every member of the Senate – understands that Hamas, a terrorist organization, began this terrible war with its barbaric October 7, 2023, attack on Israel, which killed 1,200 innocent people and took 250 hostages. The International Criminal Court was correct in indicting the leaders of Hamas as war criminals for those atrocities. Clearly, Israel had the right to defend itself against Hamas.

    But most Americans also understand that, while Israel had a right to wage war against Hamas, it did not and does have the right to wage war against the entire Palestinian population. Tragically, that is exactly what we have seen over the last year and a half.

    Let us be clear: Prime Minister Netanyahu’s racist and extremist government has waged an all-out barbaric war against the Palestinian people and made life unlivable in Gaza. Within Gaza’s population of just 2.2 million people, more than 50,000 people have been killed and more than 113,000 have been injured – 60 percent of whom are women, children, and elderly people. That is 7.4 percent of the population of Gaza killed or wounded. If those same percentages were applied to the United States, it would mean that over 25 million Americans would have been killed or wounded.

    In total, since the war began, 15,000 children in Gaza have been killed, and today there are more than 17,000 orphans. But it’s not just the dead and the wounded. Israel’s indiscriminate bombardment has damaged or destroyed two-thirds of all structures in Gaza, including 92 percent of the housing units.

    Almost no part of Gaza has been left unscathed. Most of the population now is living in tents or other makeshift structures.

    M. President, most of the territory’s hospitals and primary healthcare facilities have been bombed, leaving virtually all Gazans without basic medical care. Think about what that means. I have met repeatedly with American doctors and others who have served in Gaza. And they are treating hundreds of patients a day without electricity, without anesthesia, without clean water, including dozens of children arriving with gunshot wounds to the head. I have seen the photographs and the videos.

    Gaza’s civilian infrastructure has been totally devastated, including almost 90 percent of water and sanitation facilities. Most of the roads in Gaza have been destroyed and made impassable.

    Gaza’s educational system has been obliterated. Children are not going to school. According to the World Bank, more than 2,000 educational facilities, ranging from kindergartens to universities, have been destroyed. Hundreds of schools have been bombed, as has every single one of Gaza’s 12 universities.

    And M. President, there has been no electricity in Gaza for 17 months.

    Put simply, Netanyahu and his extremist government have killed or wounded over 7 percent of Gaza’s population and have turned Gaza into a wasteland unfit for human life.

    That is what has been going on over the last year and a half.

    M. President, in terms of where we are today: the Netanyahu government broke the ceasefire two weeks ago, endangering the well-being of the remaining hostages held by Hamas.

    Further, in the last two weeks, they have intensified their assault against the Palestinian people. According to UNICEF, since Netanyahu broke the ceasefire, more than 1,000 people have been killed, including over 300 children, and more than 600 children have been wounded. UNICEF says that most of these children were killed while sheltering in makeshift tents or damaged homes. Just in the last 24 hours, 97 more people have been killed in Gaza.

    Since Netanyahu broke the ceasefire, even more aid workers have been killed, putting the total over 400 since the war began. Earlier this week, the United Nations announced that they had recovered the bodies of 15 emergency aid workers, who were killed by Israeli forces while wearing their emergency responder uniforms and then dumped in a mass grave in southern Gaza. They were buried alongside their destroyed emergency vehicles – clearly marked ambulances, a fire truck, and a UN car.

    M. President, with the resumption of bombing, hundreds of thousands of Gazans are once again being forcibly displaced by bombing and evacuation orders. This week, Israeli authorities issued displacement orders for most of Rafah, where about 150,000 people were estimated to be sheltering.

    Think about what all of this means in human terms.

    Throughout this war, millions of desperately poor people in Gaza have been repeatedly driven from their homes. They have been forced to pick their way through a demolished landscape, again and again, with nothing more than the clothes on their backs. Families have been herded into so-called “safe zones,” only to face continued bombardment.

    The children of Gaza have suffered a level of physical and emotional torture that is almost beyond comprehension and that will clearly stay with each and every one of them for the rest of their lives.

    These children are hungry. They are thirsty. It is hard to get clean water. They have been denied healthcare, and have witnessed the death of their parents, their family members, their homes, and virtually everything around them. And they have been picked up and moved from one place to another, all the while drones are above them shooting or photographing what they are doing.

    M. President, throughout this war, Israel’s restrictions on humanitarian aid have left hundreds of thousands of people, including tens of thousands of children, facing malnutrition and starvation. Children have literally starved to death while aid sat just miles away, blocked by Israeli forces. The UN, the United States, and every aid organization working in Gaza has been clear throughout this war: Israel’s unreasonable and unnecessary restrictions on humanitarian aid have contributed to massive death and profound suffering.

    But as bad as the last year and a half has been, at least Israel let some aid through – not enough, but some.

    But what is happening now is truly unthinkable.

    Today, it is 31 days and counting with absolutely NO humanitarian aid getting into Gaza. Nothing. No food, no water, no medicine, no fuel for over a month. That is as clear a violation of the Geneva Convention, the Foreign Assistance Act, and basic human decency. It is a war crime.

    You don’t starve children. And it is pushing things toward an even deeper catastrophe.

    Earlier this week, 25 bakeries supported by the World Food Programme were forced to close because they ran out of flour and cooking gas. The UN is still trying to distribute its remaining stocks of food already in Gaza, but says that “the situation remains extremely critical since the cargo closure of the crossings almost a month ago.”

    M. President, all of this is unconscionable. What we are talking about is a mass atrocity.

    And what makes it even worse, why I am here today, and why I have introduced these resolutions that we will soon be voting on, is that we, as Americans, are deeply complicit in what is happening in Gaza.

    This is not some terrible event. This is not an earthquake in Myanmar. It’s not something that we had nothing to do with.  We are deeply complicit in all of this death and suffering.

    Last year alone, the United States provided $18 billion in military aid to Israel and delivered more than 50,000 tons of military equipment. It is American bombs and American military equipment being used to destroy Gaza, kill 50,000 people, and injure over 110,000 people.

    We cannot hide from that reality.

    M. President, if we condone the barbarism that is taking place in Gaza today, we will have no standing in the world to condemn the horrors and war crimes that other countries may commit. You’re not going to be able to look at China or Russia or Saudi Arabia or any other country. We will have no credibility.

    M. President, today is the day to stand up to barbarism in Gaza and to do our best to prevent future barbaric acts all over the world. 

    It is no secret to anyone how these U.S. weapons have been used.

    Israel has bombed indiscriminately, killing civilians, journalists, paramedics, children, and humanitarian workers in record numbers. They have used massive 2,000-pound bombs in densely-populated Gaza, despite the fact studies show that 90 percent of victims of explosive weapons used in a populated area are civilians. These bombs have a blast radius of more than 350 meters, yet Israel has dropped them into crowded apartment buildings, killing hundreds of civilians to take out a handful of Hamas fighters.

    All of that is illegal and immoral and against American law.

    The Foreign Assistance Act and the Arms Export Control Act, what we’re talking about today, are very clear: the United States cannot provide weaponry to countries that violate internationally recognized human rights or block U.S. humanitarian aid.

    According to the UN, much of the international community, and every humanitarian organization on the ground in Gaza, Israel is clearly in violation of these laws. Under these circumstances, it is illegal for the United States government to provide Israel with more offensive weaponry. It is simply against our laws.

    Despite all of that, in the last month the Trump administration has announced its intention to transfer some $12.5 billion more in offensive weapons to Netanyahu’s government, in clear violation of U.S. law.

    M. President, that is why we are here today. Joint Resolutions of Disapproval are Congress’ tool to enforce American law.

    Today, we will vote on two resolutions to block two of the most egregious of these Trump administration offensive arms sales, which would provide almost $8.8 billion more in heavy bombs and other munitions to Netanyahu, including more than 35,000 massive 2,000-pound bombs that have killed so many civilians.

    The first resolution, S.J.Res 33, would block a sale of over $2 billion for 35,000 MK 84 2,000 lb. bombs and 4,000 I-2000 Penetrator warheads.

    The second resolution, S.J.Res.26, would block almost $7 billion for 2,800 500-pound bombs, 2,100 Small Diameter Bombs, and tens of thousands of JDAM guidance kits.

    All of these systems have been linked to dozens of illegal airstrikes, including on designated humanitarian sites, resulting in thousands of civilian casualties. These strikes have been painstakingly documented by human rights monitors. There is no debate. And none of these systems are defensive, none of them are necessary to protect Israel from incoming drone or rocket attacks.

    M. President, for those of my colleagues who are ambivalent about these resolutions, let me say a word about how the Trump administration is ignoring the law in advancing these arms sales, in terms of the process. Unlike Biden, whose policies on Gaza I strongly opposed, President Trump is trying to circumvent Congress with these transfers, ignoring the Foreign Assistance Act by issuing a bogus “emergency declaration” to bypass Congressional review.

    There is no emergency to justify cutting Congress out of the process. In fact, some of the systems the Trump administration claims are part of this “emergency” sale have not yet been produced.

    This is also part of a broader Trump administration effort to cut Congress out of the arms sale process.

    M. President, it is no great secret that Congress is way out of touch with where the American people are on issue after issue. Everybody knows, Congress is way out of touch.

    The billions of dollars that we are providing to the Netanyahu extremist government is just one more example of how out of touch we are with the American people. 

    According to a recent Economist/YouGov poll in March, just 15 percent of the American people support increasing military aid to Israel, while 35 percent support decreasing military aid to Israel or stopping it entirely.

    To my Democratic colleagues, I would mention that just eight percent of Democrats support increasing military aid to Israel. 47 percent support decreasing military aid to Israel or stopping it entirely. Among Republicans, nine percent are for decreasing military aid and 15 percent are for stopping all. 

    M. President, I would ask that this poll be entered into the Congressional record. 

    And according to a J Street poll of Jewish voters in November, 62 percent of American Jews support withholding “shipments of offensive weapons like 2,000-pound bombs until Prime Minister Netanyahu agrees to an American proposal for an immediate ceasefire in Gaza in exchange for a release of Israeli hostages.” And 71 percent of Jewish voters support increasing humanitarian aid to the Palestinians.

    Finally, M. President, as unbelievably horrific as the situation in Gaza is and has been for the last year and a half, there is another development that could make it even worse.

    In recent months, President Trump and Israeli officials have openly talked about forcibly expelling the 2.2 million people who live in Gaza to make way for what Trump calls a “Riviera” – some billionaires’ playground.

    A few years ago, Trump’s son-in-law Jared Kushner said that he felt “Gaza’s waterfront property could be very valuable,” floating the idea of redeveloping it. I think that many people at the time thought that was a weird and terrible joke. But it turns out that his father-in-law Donald Trump took it seriously.

    Here’s what Trump has said, repeatedly, in recent months:

    “The U.S. will take over the Gaza Strip and we will do a job with it.”

    “We’re going to take over that piece, we’re going to develop it.”

    “I do see a long-term ownership position… Everybody I’ve spoken to loves the idea of the United States owning that piece of land.”

    I guess he didn’t speak to too many Palestinians who live on that land.

    On Truth Social, Trump wrote, “The Gaza Strip would be turned over to the United States by Israel at the conclusion of fighting.”

    And what about the Palestinians who have lived in Gaza for their entire lives?

    Trump said, “I don’t think people should be going back to Gaza.” “They live like they’re living in hell. Gaza is not a place for people to be living.”

    Gaza could become “the Riviera of the Middle East … This could be something that could be so valuable, this could be so magnificent.”

    Throw 2.2 million people who have suffered incalculably out of the land in which they live in order to create a billionaire’s playground. 

    M. President, there is a name and a term for forcibly expelling people from where they live. It is called ethnic cleansing. It is illegal. It is a war crime.

    M. President, the United States must not continue to be complicit in the destruction of the Palestinian people in Gaza. History will not forgive us for this.

    The time is long overdue for us to tell the Netanyahu government that we will not provide more weapons of destruction to them. Instead, we must demand an immediate ceasefire, a surge in humanitarian aid, the release of the hostages, and the rebuilding of Gaza for the Palestinian people.

    For all of these reasons, I urge my colleagues to vote YES on these two resolutions which would prevent illegal and immoral arms sales to Netanyahu, would uphold Congressional power and the rule of law, and would protect innocent life.

    MIL OSI USA News

  • MIL-OSI New Zealand: Pharmac Listens To Patient Voice

    Source: New Zealand Government

    Associate Health Minister David Seymour welcomes Pharmac opening consultation on their proposal to fund two brands of oestradiol patches. 
    “Increasing availability of medicines has always been a priority of mine. For many New Zealanders, funding for pharmaceuticals is life or death, or the difference between a life of pain and suffering or living freely,” Mr Seymour says.
    “For the first time, Pharmac has its own Minister. Last year I outlined in my letter of expectations that Pharmac should have appropriate processes for ensuring that people living with an illness, along with their carers and family, can participate in and provide input into decision-making processes around medicines – this is committed to in the Act-National Coalition Agreement.
    “Pharmac received significant feedback at the end of last year about a decision to move to Estradiol TDP Mylan as the only funded brand of oestradiol patch. They heard very clearly that the TDP Mylan brand of patch did not work for everyone, and that people wanted options. 
    From today Pharmac will begin consulting on a proposal to fund two brands of oestradiol patches, Estradot and Estradiol TDP Mylan, from December 2025.
    “Pharmac has been working and engaging with people who use oestradiol patches, menopause specialists, doctors, nurses, pharmacists, advocacy groups and petition founders to reflect their feedback in a new proposal to fund both Estradot and TDP Mylan patches,” Mr Seymour says.
    “The redirection of Pharmac remains positive and continues towards a more adaptable and patient-centered approach to funding medicines.
    “The decision to begin consultation to fund Estradot and Estradiol TDP Mylan from December 2025 follows the Pharmac Consumer Engagement Workshop Report, last year’s Medicines Summit, my letter of expectations, and the acceptance of Patient Voice Aotearoa’s White Paper as steps towards a system which works for the people it serves.
    “The Government is doing its part. Last year this government allocated Pharmac its largest ever budget of $6.294 billion over four years, and a $604 million uplift to give Pharmac the financial support it needs to carry out its functions – negotiating the best deals for medicine for New Zealanders.
    “We want to build a world-class health system, and that requires access to world-class medicines.”

    MIL OSI New Zealand News

  • MIL-OSI: Moomoo and the NY Mets Announce Strategic Partnership to Elevate Fans Experience to the Next Level

    Source: GlobeNewswire (MIL-OSI)

    JERSEY CITY, N.J., April 03, 2025 (GLOBE NEWSWIRE) — Moomoo, a global investment and trading platform, is proud to announce a groundbreaking partnership with the New York Mets in a multiyear multimillion-dollar sponsorship. This collaboration is set to enhance the sports experience for fans, athletes, moomoo customers and New York tri-state area communities through creative initiatives and joint efforts.

    As part of the partnership, moomoo will have both permanent and rotational signage during Mets games at CitiField including the moomoo bullpen! The New York Mets and Moomoo are teaming up to make this baseball season unforgettable! For every Mets win, $10,000 will be added to a special fund, culminating in a jaw-dropping $1 million grand prize for one lucky moomoo investor if the team reaches 100 victories. *

    Taglined as “from bullpen to bull-market, moomoo, your powerful trading platform,” moomoo’s US CEO Neil McDonald said, “We are very excited to partner with New York Mets, not only because I am a baseball fan, but also because we are committed to elevating the fan experience through various interactive games and promotions.”

    “The Mets are excited to partner with moomoo and bring a new, online trading platform to our fanbase,” said M. Scott Havens, President of Business Operations for the Mets. “As more fans become financially savvy and explore online trading, this is a great opportunity to utilize a new, user-friendly platform while also receiving select benefits for upcoming Mets games. The grand prize throughout the season, as well as moomoo Mondays, will bring another exciting element for fans to experience at the ballpark this year.”

    Anything can happen in sports. However analyzing game strategies and predicting winning outcomes add an exciting layer for fans, the same as investors evaluate market trends and make more informed decisions. “Both baseball and trading share the same thrill of combining logic with intuition to navigate uncertainty and potentially help achieve success,” said McDonald who has over 30 years of experience managing derivatives trading at several top Wall Street banks and hedge funds.

    In addition, the partnership will focus on adding to the world-class experience that Mets fans are accustomed to, we are planning special events, give-aways and meet-and-greets, many of which will be wrapped into “Moomoo Mondays”. By leveraging the strengths of both organizations, the alliance aims to deliver an unparalleled experience for Mets fans and the moomoo community.

    Given moomoo’s global presence of 25million users, this partnership will help connect global baseball fans to the New York Mets. Moomoo entered the Japan market less than two years ago, yet it has grown to 1.5 million users.

    “Together, we will drive innovation, inspire communities, and provide unforgettable experiences for sports fans,” McDonald concludes.

    *Terms and conditions apply. Limited to Moomoo Financial Inc customers residing in tri-state area (NY, NJ, CT).

    About moomoo

    Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make more-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.

    Founded in the US, moomoo operates globally, serving investors in countries such as the US, Singapore, Australia, Japan, Canada and Malaysia. As a subsidiary of a Nasdaq-listed Futu Holdings (FUTU), we take pride in our role as a global strategic partner of the Nasdaq, earning numerous international accolades from renowned industry leaders such as Benzinga and Fintech Breakthrough. Moomoo has also received multiple awards in the US, Singapore, and Australia for its innovative, inclusive approach to investing.

    Contact:

    For more information, please visit moomoo’s official website at www.moomoo.com or contact us at pr@moomoo.com

    For the New York Mets questions, please contact:

    Katie Agostin

    Manager, Communications

    New York Mets

    kagostin@nymets.com

    Photos accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/8d08f8e3-d2a0-4ddd-bbaf-07a124890af3
    https://www.globenewswire.com/NewsRoom/AttachmentNg/936a6251-e23f-4e69-a59f-ebbd917edf9d

    The MIL Network

  • MIL-OSI: ARB IOT Group Limited Introduces AI Drone Technology to Revolutionise Plantation Management

    Source: GlobeNewswire (MIL-OSI)

    Kuala Lumpur, Malaysia, April 03, 2025 (GLOBE NEWSWIRE) — ARB IOT Group Limited (“ARB IOT” or the “Company”) (NASDAQ: ARBB) has introduced its advanced AI-powered plantation mapping system which is seamlessly integrated with drone technology (“Smart AI Drone”), designed to revolutionise plantation management. This innovative technology aims to optimize the plantation mapping processes, enhance efficiency and crop yields, and boost sustainability and productivity in modern agriculture.

    Equipped with advanced imaging, artificial intelligence, and real-time data analytics, the Smart AI Drone offers a comprehensive solution for farmers and plantation owners. The new service provides capabilities such as precision mapping, crop health monitoring, pest detection, and automated spraying, ensuring optimal growth conditions and reducing resource wastage.

    “Our mission is to empower farmers with smart solutions that increase yield while promoting sustainable farming practices,” said Dato’ Sri Liew Kok Leong, CEO of ARB IOT. “With our drone technology, we are enabling plantations to make data-driven decisions that optimise resources and improve overall productivity.”

    By leveraging high-resolution aerial imaging and AI-powered analytics, the service can detect early signs of disease, nutrient deficiencies, and irrigation needs. This targeted approach minimizes environmental impact by reducing the excessive use of pesticides, fertilizers, and water.

    The Smart AI Drone is tailored for commercial plantations and farms across the country to meet the diverse needs of agricultural businesses, ensuring accessibility and affordability.

    About ARB IOT Group Limited

    ARB IOT Group Limited is a provider of complete solutions to clients for the integration of Internet of Things (IoT) systems and devices from designing to project deployment. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works.

    Safe Harbor Statement

    This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, such as statements regarding our estimated future results of operations and financial position, our strategy and plans, and our objectives or goals, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including, but not limited to, those that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward looking statements, other than as required by applicable law.

    For further information, please contact:
    ARB IOT Group Limited
    Investor Relations Department
    Email: contact@arbiotgroup.com

    The MIL Network

  • MIL-OSI: PennantPark Investment Corporation Schedules Earnings Release of Second Fiscal Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 03, 2025 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced that it will report results for the second fiscal quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the financial markets.

    The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, May 13, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (646) 828-8193. All callers should reference conference ID #1509093 or PennantPark Investment Corporation. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which principally invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $9.8 billion of investable capital, including potential leverage.  Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    www.pennantpark.com

    The MIL Network

  • MIL-OSI: Portman Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (“Portman Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 10:00 a.m. ET to discuss these results.

    By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 9782758.

    A replay of this conference call will be available shortly after the live call through May 16, 2025.

    By Webcast: A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.com/mmc/p/ovseyk3q. The online archive of the webcast will be available on the Company’s website shortly after the call at www.portmanridge.com in the Investor Relations section under Events and Presentations.

    About Portman Ridge Finance Corporation

    Portman Ridge Finance Corporation (Nasdaq: PTMN) is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Portman Ridge’s middle market investment business originates, structures, finances and manages a portfolio of term loans, mezzanine investments and selected equity securities in middle market companies. Portman Ridge’s investment activities are managed by its investment adviser, Sierra Crest Investment Management LLC, an affiliate of BC Partners Advisors, LP.

    Portman Ridge’s filings with the Securities and Exchange Commission (the “SEC”), earnings releases, press releases and other financial, operational and governance information are available on the Company’s website at www.portmanridge.com.

    Contacts:
    Portman Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022
    info@portmanridge.com

    Brandon Satoren
    Chief Financial Officer
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    The Equity Group Inc.
    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 03, 2025 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the financial markets.

    The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, May 13, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (929) 477-0402. All callers should reference conference ID #6661250 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $9.8 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:

    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    www.pennantpark.com

    The MIL Network

  • MIL-OSI: Logan Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (Nasdaq: LRFC) (“LRFC,” “Logan Ridge” or the “Company”) to release its financial results for the first quarter ended March 31, 2025, on Thursday, May 8, 2025, after market close. The Company will host a conference call on Friday, May 9, 2025, at 11:00 a.m. ET to discuss these results.

    By Phone: To access the call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the conference call and use the conference ID 8145997.

    A replay of this conference call will be available shortly after the live call through May 16, 2025.

    By Webcast: A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis at https://edge.media-server.com/mmc/p/gfza9jq4. The online archive of the webcast will be available on the Company’s website shortly after the call at www.loganridgefinance.com in the Investor Resources section under Events and Presentations.

    About Logan Ridge Finance Corporation

    Logan Ridge Finance Corporation (Nasdaq: LRFC) is a publicly traded, externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Logan Ridge invests primarily in first lien loans and, to a lesser extent, second lien loans and equity securities issued by lower middle market companies. Logan Ridge Finance Corporation is externally managed by Mount Logan Management, LLC, a wholly owned subsidiary of Mount Logan Capital Inc. Both Mount Logan Management, LLC and Mount Logan Capital Inc. are affiliates of BC Partners Advisors L.P.

    Logan Ridge’s filings with the Securities and Exchange Commission (the “SEC”), earnings releases, press releases and other financial, operational and governance information are available on the Company’s website at loganridgefinance.com.

    Contacts:
    Logan Ridge Finance Corporation
    650 Madison Avenue, 3rd floor
    New York, NY 10022

    Brandon Satoren
    Chief Financial Officer
    Brandon.Satoren@bcpartners.com
    (212) 891-2880

    The Equity Group Inc.
    Lena Cati
    lcati@equityny.com
    (212) 836-9611

    The Equity Group Inc.
    Val Ferraro
    vferraro@equityny.com
    (212) 836-9633

    The MIL Network

  • MIL-OSI Canada: Prime Minister Carney meets with premiers to discuss next steps in Canada’s response to U.S. tariffs

    Source: Government of Canada – Prime Minister

    Today, the Prime Minister, Mark Carney, met virtually with provincial and territorial premiers to discuss Canada’s co-ordinated response to the United States’ auto and reciprocal tariffs. The Prime Minister was joined by the Minister of International Trade and Intergovernmental Affairs and President of the King’s Privy Council, Dominic LeBlanc.

    Canada’s First Ministers condemned the ongoing imposition of tariffs, which put thousands of good-paying jobs in both Canada and the U.S. at risk. While some important elements of the Canada-U.S. relationship have been preserved, Prime Minister Carney noted that the U.S. trade action will cause profound economic damage.

    First Ministers discussed how Canada is responding to the latest U.S. tariffs and defending the Canadian economy. Prime Minister Carney consulted with premiers on a response that maximizes impacts in the U.S., minimizes impacts on Canadians, and avoids escalating a trade crisis that Canada has worked hard to prevent. Canada will ensure that the proceeds of retaliatory tariffs will support workers and businesses affected by the U.S. tariffs. The Prime Minister noted the importance of maintaining resolve and unity as we confront this challenge.

    Prime Minister Carney shared updates with premiers on his recent conversations with U.S. and other international partners, including the President of Mexico, Claudia Sheinbaum.

    Prime Minister Carney committed to continuing to meet with the premiers in the weeks ahead.

    Associated Links

    MIL OSI Canada News

  • MIL-OSI USA: Congresswoman McCollum: Trump Tariffs Will “Liberate” Americans Only From the Money in Their Bank Accounts

    Source: United States House of Representatives – Congresswoman Betty McCollum (DFL-Minn)

    WASHINGTON, D.C. — Congresswoman Betty McCollum (MN-04), Dean of the Minnesota Congressional Delegation, issued the following statement in response to President Trump’s imposition of tariffs for his phony ‘Liberation Day’: 

    “As a candidate, Donald Trump promised he’d lower costs on ‘Day One.’ As President, Trump has done nothing to reduce prices, instead fueling rising prices by waging an unprompted trade war with our allies like Canada, Mexico, and Europe. President Trump has proclaimed this day as ‘Liberation Day’ but these tariffs will only “liberate” Americans from the money in their bank accounts. These trade wars will cost Americans when they heat their homes, feed their families, run their small businesses, or tend to their farm.

    “President Trump knows this escalating trade war will hit Americans hard. That’s why he’s announcing these new reciprocal tariffs at 4pm ET, after American financial markets close. If the President is so worried about what will happen to Americans’ 401Ks, I suggest that he work to deescalate these trade wars he started and recommit the United States to relationships with our allies. 

    “Not only will the President’s tariffs inflict financial pain on my constituents, but they will also damage our relationships with our allies in Europe and Canada. Canada is an ally, a partner, and for many—a good neighbor. I’m a former social studies teacher. I know that tariffs can be a useful tool to protect American industry when used in a targeted manner at the right point in the supply chain. But President Trump’s tariffs are reckless, unnecessary, and make no sense at all. As a Minnesotan, the only thing I want to argue with my Canadian neighbors about is who has the better hockey team and who can catch the most fish in the others’ waters.”

    ###

    MIL OSI USA News

  • MIL-Evening Report: An exotic escape, or empty illusion? How The White Lotus exposes the contradictions of luxury travel

    Source: The Conversation (Au and NZ) – By Anita Manfreda, Senior Lecturer in Tourism, Torrens University Australia

    Warner Bros

    The White Lotus season three returns to familiar territory: an exotic escape, privileged and powerful guests, the supposed heights of luxury.

    But beneath this lies a satirical critique of these very things – an investigation into the contradictions of luxury travel.

    Set in Thailand, the heart of the South Asian wellness scene, the show comments on more than just what luxury looks like. It asks: what does luxury cost? And who bears this cost?

    At the same time, the show quietly gestures towards what tourism could become, if we were bold enough to re-imagine it. Because luxury isn’t the problem. The problem is how we do it.

    The resort staff bend over backwards for their guests.
    Warner Bros

    Wellness … but not really

    Season three leans into the booming wellness economy. Between floating therapy, personalised biomarker tests and digital detoxes, the appearance of “healing” is everywhere.

    The irony, however, is clear: guests pursue self-care, but act disconnected, irritable and hostile.

    The luxury setting reflects their worst impulses. Characters such as Jaclyn (Michelle Monaghan), a Hollywood star chasing relevance, and Victoria (Parker Posey), lost without her Lorazepam, treat wellness practices as a trend that’s more about image than transformation.

    This reflects a broader trend in luxury tourism: wellness that photographs well, but rarely goes beneath the surface.

    Victoria (Parker Posey) can’t seem to get through her holiday without Lorazepam.
    Warner Bros

    Research shows real transformation in tourism requires discomfort – something most luxury guests instinctively avoid.

    As the character of monk Luang Por Teera (Suthichai Yoon) warns:

    Everyone runs from pain toward pleasure […] but you cannot outrun pain.

    One person’s wellness is another person’s work

    In luxury tourism, wellness is not mutual. One person’s transformation often depends on someone else’s sacrifice. And this exchange is never equal.

    While the guests of season three try and look inward, those holding space for them – such as the meditation guide Amrita (Shalini Peiris), or the ever-present security guard Gaitok (Tayme Thapthimthong) – remain relatively voiceless. They quietly manage the chaos, with little room for their own stories to flourish.

    Throughout the season, the interactions between guest and staff are built on performance. Staff are praised for their beauty, politeness or spiritual presence, but rarely acknowledged as full people.

    Emotional and “aesthetic” labour (looking and acting the part) are silently expected and constantly extracted.

    Security guard Gaitok (Tayme Thapthimthong), who gets caught up in some of the guests’ drama, has to always keep up appearances.
    Warner Bros

    When resort employee Belinda (Natasha Rothwell) raises concerns about Greg (Jon Gries), resort manager Fabian (Christian Friedel) brushes her off, saying:

    It is really not wise to stir anything up. You do not have anything to worry about, as long as you focus on yourself and your job.

    The message is clear: stay quiet and stay in your place.

    Nature as wallpaper

    This season offers no shortage of natural cues. Clean air, ocean views, jungle trails – luxury retreats promise grounding and transformation through nature.

    As with much of luxury tourism, however, this nature is curated. The jungle is manicured, the ruins softly lit. Nature, too, performs.

    But unlike the staff, who slip into silence and composure, nature doesn’t follow the script. It interrupts, resists and sometimes bites. Monkeys raid the buffet. Lizards slip into rooms and cause havoc. A venomous cobra bites a guest. The pong-pong tree bears deadly fruit.

    This is a contradiction luxury travel can’t resolve. Nature is brought in for healing and ambience, but refuses to be compliant.

    Culture – flattened and filtered

    Season three could have been set in any location with beaches and palm trees. For most guests, the local culture is invisible – a scenic backdrop for their personal drama. Cultural experiences are safely curated, stripped of context, and designed to comfort, not challenge.

    For character’s like Saxon (Patrick Schwarzenegger), the resort is just a scenic backdrop for their personal dramas to play out.
    Warner Bros

    Even brief moments beyond the resort feel disorienting to the guests.

    “He seems like the real deal,” Timothy (Jason Isaacs) says after an encounter with monk Luang Por Teera (Yoon) – revealing how artificial everything else feels.

    The show critiques a familiar move in luxury tourism: selling “authenticity” while delivering a flattened, palatable version of reality. There is just enough difference to feel exotic, but never enough to feel uncomfortable.

    In one cautionary scene, Jaclyn (Monaghan), Piper (Sarah Catherine Hook), and Laurie (Carrie Coon) wander into a Thai New Year celebration, where locals start chasing them with water guns, drenching them in what feels like joyful protest.

    Jaclyn (Michelle Monaghan), Piper (Sarah Catherine Hook) and Laurie (Carrie Coon) are unhappy to be soaked by locals with water guns – in what is one of few genuinely authentic experiences with locals.
    Warner Bros

    Although it’s played for laughs, the scene reminds us culture isn’t there to serve. Travellers might do better to meet culture on its terms and not their own.

    Glimpses of something better

    Ironically, the show’s satire may be fuelling the very thing it critiques. Since season three aired, talk of a “White Lotus effect” has already begun, with claims of a rise in tourism interest and bookings. It seems the (not-so) fantasy still sells, even when we can see the cracks.

    Yet, in quiet, awkward and sometimes funny moments, the show resists cynicism, offering glimpses of potential. Guests perceive themselves. Relationships shift. Silenced actors push back.

    Through these cracks, we can sense what luxury could be if it connected us, instead of shielding us, from new people and places.

    Luxury travel, re-imagined, could be a space where care flows in both directions – where staff are seen as people, and where nature and culture aren’t curated, but respected as they are. Indeed, it is the experiences that expand us, rather than insulate us, which end up changing us the most.

    And it’s not just up to hotels and resorts to deliver this shift. It asks something of us, too. A different mindset.

    This season’s power lies in what it leaves unsaid, inviting us to examine what is lost in the pursuit of comfort.

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

    ref. An exotic escape, or empty illusion? How The White Lotus exposes the contradictions of luxury travel – https://theconversation.com/an-exotic-escape-or-empty-illusion-how-the-white-lotus-exposes-the-contradictions-of-luxury-travel-253229

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: ‘Efforts to Address Root Causes of Conflict, Mitigate Impact of Climate Change’ in West Africa, Sahel Must Be Supported, Senior Official Tells Security Council

    Source: United Nations MIL OSI b

    Preserving a regional framework for cooperation on peace and security remains critical in West Africa and the Sahel, where military takeovers, undemocratic governance, terrorism, poverty and climate change continue to pose serious challenges, speakers told the Security Council today.

    “Eighty years after its creation, the United Nations remains more critical than ever,” said Leonardo Santos Simão, Special Representative of the Secretary-General and Head of the United Nations Office for West Africa and Sahel (UNOWAS), highlighting the need for collective efforts to address the region’s persistent and multifaceted challenges.

    Today’s meeting, during which the Special Representative provided an overview of the situation in the region and the activities of his Office (document S/2025/187), comes as Burkina Faso, Mali and Niger — following military takeovers — withdraw from the Economic Community of West African States (ECOWAS) and establish the Alliance of Sahel States as a collective defence mechanism.

    Mr. Simão reported that their separation took effect on 29 January with a transition period set by ECOWAS until the end of July.  While the Alliance of Sahel States is deepening internal cooperation, he said he was encouraged to see both sides aiming to maintain the benefits of regional integration, especially freedom of movement.  “As ECOWAS celebrates its 50-year anniversary, it remains a key model for political and economic regional integration,” he emphasized.

    Turning to other pressing issues, he said that Côte d’Ivoire’s presidential election in October 2025 raises concerns about inclusivity, given the memories of the 2010/11 electoral crisis and the violence encountered in the 2020 polls.  In Guinea-Bissau, profound disagreements over the end of the current presidential term, the timing of the 2025 elections and the legitimacy of State institutions pose serious risks for a peaceful process.

    Also concerning is the continued decline in resources for humanitarian assistance to populations affected by terrorism and climate change, with no signs of stabilizing or reversing. “Efforts to address the root causes of conflict and mitigate the impact of climate change should be supported,” he insisted.

    Today’s meeting also focused on the rights of women amid those challenges.  Abiola Akiyode-Afolabi, Founding Director of the Women Advocates Research and Documentation Center, said that West Africa, which accounts for 5.67 per cent of the world’s population, “has suffered military rule, undemocratic Governments, wars and conflicts, putting the enjoyment of rights and women in contestation”.

    She said that women and girls in West Africa have a 58 per cent chance of not being enrolled in secondary school, a 20 per cent chance of starting childbearing as a teenager and can expect to earn less than their male counterparts, regardless of the sector in which they work.  “Gender equality remains unfinished business,” she pointed out, noting that many African traditional communities still conceive the duty of a woman to be primarily that of childbearing and rearing.

    She therefore recommended, among other measures, that States amend or repeal discriminatory laws, particularly in areas of nationality, marriage and inheritance and implement programmes that address barriers to girls’ education, such as child marriage and teenage pregnancy. States should also develop policies that enhance women’s access to financial services, land ownership and employment opportunities, ensuring equal pay and safe working conditions.

    She noted that all West African countries are signatories of the Protocol to the African Charter on Human and Peoples’ Rights on the Rights of Women in Africa, the African Youth Charter and the African Charter on the Rights and Welfare of the Child.  These commitments provide more opportunities for women to participate in decision-making, peacebuilding and politics.  “The time is now,” she stressed.

    MIL OSI United Nations News

  • MIL-OSI Canada: Enhancing cardiac services in southern Alberta

    Alberta’s government is committed to expanding access to cardiac services so that Albertans can get the care they need, when and where they need it. That is why Budget 2025 provides $5 million to advance plans for enhanced cardiac and intensive care services in southern Alberta, including a cardiac catheterization lab in Lethbridge and expanded intensive care units in Lethbridge and Medicine Hat.

    Last fall, Alberta’s government announced Lethbridge’s cardiac catheterization lab progression to functional programming, accelerating timelines by up to one year. Budget 2025 provides funding for detailed planning to prepare the cardiac catheterization lab for construction funding in a future budget.

    “Increasing cardiac and ICU capacity is critical, especially in areas where residents are currently travelling significant distances to receive care. These projects include a cardiac catheterization lab, which will improve health outcomes for residents and, ultimately, save lives.”

    Adriana LaGrange, Minister of Health

    “Building these cardiac and intensive care facilities will help strengthen communities in southern Alberta. On top of creating jobs during construction, this work will literally save lives and enhance the overall quality of care for patients. I look forward to these important projects moving ahead as soon as possible.”

    Martin Long, Minister of Infrastructure

    “Every heartbeat matters in saving lives. I’m so grateful the Lethbridge cardiac catheterization lab project is being accelerated to ensure patients can get the care they need, faster and closer to home.”

    Nathan Neudorf, MLA for Lethbridge-East

    In addition to a new cardiac catheterization lab at the Chinook Regional Hospital, Budget 2025 supports plans to redevelop and expand intensive care units and diagnostic capabilities at both the Lethbridge hospital and the Medicine Hat Regional Hospital. Pending the completion of the planning process, it’s anticipated that about eight new beds will be added at the Medicine Hat hospital and about 34 beds will be added at the Chinook Regional Hospital in Lethbridge. These new beds will have the ability to be ICU or lower-acuity beds, depending on hospital needs at any given time.

    “Expanding intensive care services in Medicine Hat represents the Alberta government’s strong commitment to health care. As the MLA for Cypress-Medicine Hat, I know this will address the health care needs of southern Alberta communities.”

    Justin Wright, parliamentary secretary for rural health

    “Increasing the scope of cardiac services in our city has been a top advocacy priority for several years. On behalf of Lethbridge city council, I want to thank everyone involved in making this a reality.”

    Blaine Hyggen, mayor, City of Lethbridge

    “These changes will reduce wait times, expand cardiac services for southern Albertans and keep patients close to home. ICU upgrades and enhanced cardiac care will greatly benefit the region.”

    Dr. David Stewart, interim South Zone medical director, Alberta Health Services

    Budget 2025 also includes $22 million for an interim cardiac catheterization lab at the Red Deer Regional Hospital Centre. The interim lab will provide cardiac serves to Central Albertans until two permanent catheterization labs are built as part of the $1.8-billion Red Deer Regional Hospital Centre redevelopment project.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick facts

    • In 2024, Alberta Health Services submitted a needs assessment for cardiac services in southern Alberta that recommended the construction of new intensive care units at Chinook Regional Hospital and Medicine Hat Regional Hospital, and the development of interventional cardiac services in Lethbridge.
    • The project was accelerated to functional programming in fall 2024.
    • The cardiac catheterization lab at Chinook Regional Hospital will help an estimated 1,500 to 1,700 patients per year once it is fully operational.

    Related news

    • Expanding cardiac services in southern Alberta (Oct. 22, 2024)
    • Expanding cardiac care at Chinook Regional Hospital (April 12, 2023)

    MIL OSI Canada News

  • MIL-OSI Canada: Government of Yukon launches the Low Carbon Buildings Program

    Source: Government of Canada regional news

    Government of Yukon launches the Low Carbon Buildings Program
    jlutz
    April 3, 2025 – 10:25 am

    The Government of Yukon is launching the Low Carbon Buildings Program, which supports local and national emissions reductions in commercial and institutional buildings.

    As part of the Good Energy rebates, the Low Carbon Buildings Program helps building owners save on energy costs, make their buildings last longer, reduce emissions and improve energy efficiency.

    The updated program will provide funding towards building upgrades that will result in significant energy savings and carbon reductions. Businesses, municipalities, First Nations governments and non-profit organizations play an important role in reducing the territory’s collective energy use and greenhouse gas emissions and supporting climate action and a net-zero future.

    This program was paused in May 2023 after successfully allocating all available funding for 209 projects from the Government of Yukon and the federal Low Carbon Economy Fund. In March 2025, the Government of Yukon secured a new funding agreement under a renewed Low Carbon Economy Fund, allowing the Government of Yukon to restart this popular program. The total joint investment of $21.8 million, $16.4 million from the Government of Canada and $5.5 million from the Government of Yukon, will fund the ongoing delivery of Good Energy rebate programs for buildings for 2025–2029.

    The Government of Yukon’s incentives program makes energy efficient retrofits accessible, affordable and achievable. These climate actions contribute to the Yukon’s green economy and build a cleaner, sustainable and resilient future for all Yukoners.

    Our government is excited to launch the Low Carbon Buildings Program. With renewed funding, this program will help building owners save on energy costs, reduce emissions and improve efficiency, supporting businesses, municipalities and organizations in creating more energy-efficient buildings. This is just one of the many Good Energy programs helping us meet emissions reduction targets by 2030 and achieve net-zero emissions by 2050.

    Minister of Energy, Mines and Resources John Streicker 

    Quick facts

    • Applicants can call or email the branch to get the new guide and to help them prepare project proposals.

    • To learn more, vist: yukon.ca/en/apply-commercial-institutional-energy-rebates

    Media contact

    Laura Seeley
    Cabinet Communications
    867-332-7627
    laura.seeley@yukon.ca

    Kate Erwin
    Communications, Energy, Mines and Resources
    867-667-3183
    kate.erwin@yukon.ca

    News release #:

    25-148

    MIL OSI Canada News

  • MIL-OSI USA: New Dems Rebuke Largest Tax Increase in History on American Consumers and Businesses

    Source: United States House of Representatives – Representative Don Beyer (D-VA)

    Today, New Democrat Coalition Chair Brad Schneider (IL-10) and Trade & Tariffs Task Force Chair Don Beyer (VA-08) issued a statement following President Trump’s announcement of 25 percent taxes on all automobile imports and between 10 and 50 percent taxes on virtually every good imported from every U.S. trading partner:

    “President Trump’s latest announcement of a massive tax increase in the form of sweeping tariffs will not ‘liberate’ working people or businesses in America – it will handcuff them to a sinking economy weighed down by the President’s reckless, costly, and destructive trade policy.

    “The President’s premise that imposing the largest tax increase in American history will strengthen our economy and lower prices will undoubtedly prove to be one of the dumbest economic policy blunders in decades. These across-the-board taxes will hit the bank accounts of hardworking families and the bottom lines of small businesses as the price of every goods increases, from consumer goods like gas, groceries, and cars to raw materials like lumber, minerals, and metals.

    “President Trump has no clear strategy to strengthen our economy – his own team didn’t even know his plan – and he sees these taxes on consumers not as a means to an end, but as the end goal itself. This approach simply ignores reality, and it’s why industry leaders, economists, and the stock market have been sounding the alarm for weeks.

    “It’s time Republicans join Democrats in taking urgent action to restrict the President’s ability to impose these taxes unilaterally. That’s why we introduced legislation to enforce Congress’s constitutional duty to oversee trade policy, and we call on our colleagues across the aisle to join us in standing up for the American people by ending President Trump’s harmful campaign.”

    New Dem Members have introduced several bills to counter Trump’s unilateral tariffs and reclaim congressional authority to levy taxes, including the:

    • Repealing Outdated and Unilateral Tariff Authorities Act (H.R.2464), 
    • Prevent Tariff Abuse Act (H.R.407),
    • Congressional Trade Authority Act (H.R.1903), and
    • Reclaim Trade Powers Act (H.R.2459).

    MIL OSI USA News

  • MIL-OSI Asia-Pac: India calls on BRICS to Unite on ‘Baku to Belem Roadmap’ to Mobilize USD 1.3 Trillion for Achieving NDC Goals, at the 11th BRICS Environment Ministers’ Meeting in Brasilia

    Source: Government of India

    India calls on BRICS to Unite on ‘Baku to Belem Roadmap’ to Mobilize USD 1.3 Trillion for Achieving NDC Goals, at the 11th BRICS Environment Ministers’ Meeting in Brasilia

    India emphasizes on Collaborative Climate Action among BRICS Nations for Strengthening Global Sustainability and Just Transition for All

    Posted On: 03 APR 2025 8:16PM by PIB Delhi

    India has vociferously advocated the need for a Collective Leadership for advancing the 2030 Climate Agenda at the 11th BRICS Environment Ministers’ Meeting, held in Brasilia, Brazil, today. The Indian delegation was led by Sh. Amandeep Garg, Additional Secretary, Ministry of Environment, Forest and Climate Change (MoEFCC).

    Session I: Advancing Environmental Cooperation amongst BRICS towards Sustainable Development and a Just Transition for All

    During the first session, India underscored BRICS’ pivotal role in shaping global sustainability and Climate action. Highlighting that BRICS nations collectively account for 47% of the world’s population and contribute 36% of global GDP (PPP), India emphasized the group’s responsibility in addressing climate change and sustainable development.

    India reaffirmed the significance of the New Delhi Statement from the 7th BRICS Environment Ministers’ Meeting 2021, which advocates a holistic approach to climate action by integrating adaptation, mitigation, and means of implementation. Stressing the urgent need for equitable carbon budget utilization, India called for a balanced transition that prioritizes developing nations’ growth while ensuring sustainability.

    A key focus was the Baku to Belem Roadmap, aimed at securing USD 1.3 trillion in climate finance to support Nationally Determined Contributions (NDCs). India urged BRICS partners to strengthen climate financing mechanisms to meet global sustainability commitments effectively.

    On energy security, India reiterated commitments made in the BRICS New Delhi Declaration (2021), which promotes a diversified energy mix, including fossil fuels, hydrogen, nuclear, and renewables. India highlighted the Green Grids Initiative – One Sun, One World, One Grid, launched under the International Solar Alliance, as a transformative project for global renewable energy integration.

    India also emphasized the role of resource efficiency and the circular economy in achieving sustainability goals. The Resource Efficiency and Circular Economy Industry Coalition, launched under G20, was cited as a model for global corporate collaboration in sustainable resource management.

    “A Just Transition must acknowledge the diverse economic realities of nations. Each country has a unique development pathway, and the provision of adequate means of implementation—in finance, technology, and capacity-building—is essential to ensuring that no nation or community is left behind in this transition. As BRICS nations, we must strengthen our engagements in multilateral forums, championing the interests of developing economies and advocating for a fair and equitable transition”, India’s statement read.

    Session II: Collective Leadership for Climate and the 2030 Agenda

    In the second session, India highlighted that the expansion of BRICS from five to eleven members strengthens its leadership in global climate governance. With BRICS nations facing common environmental challenges such as desertification, pollution and biodiversity loss, India stressed the importance of collective action and shared responsibility.

    Emphasizing the need for fair and equitable climate transition, India stressed for continued collaboration amongst BRICS Nations at multilateral forums such as UNFCCC, UNCCD, CBD, and UNEA. The country reiterated the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC) as a fundamental guideline for climate negotiations.

    India also acknowledged BRICS’ leadership in sustainability through flagship initiatives, including the Partnership for Urban Environmental Sustainability, the Clean Rivers Programme, and Sustainable Urban Management. The country called for enhanced cooperation in tackling marine plastic pollution, improving air quality, and printing resource efficiency.

    On Climate Finance, India highlighted the urgent need for developed nations to fulfill their commitments, noting that the proposed USD 300 billion per year by 2035 under the New Collective Quantified Goal on Climate Finance is far below the required USD 1.3 trillion. India emphasized the importance of COP30, to be hosted in Brazil, as a critical milestone for advancing global adaptation and resilience efforts.

    India also reiterated its leadership in conservation and sustainability, mentioning initiatives such as the International Big Cat Alliance, a global effort for wildlife conservation. Furthermore, India urged BRICS nations to join global sustainability initiatives like the International Solar Alliance, Leadership Group for Industry Transition, and Global Biofuel Alliance to accelerate collective climate action.

    India reaffirmed its commitment to working collaboratively with BRICS partners to drive transformative change in climate action, environmental cooperation, and sustainable development. The Indian delegation expressed gratitude to Brazil, the BRICS Chair, for hosting the meeting and emphasized the importance of continued engagement for a greener, more resilient future.

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    VM/GS
     

    (Release ID: 2118492) Visitor Counter : 14

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: PARLIAMENT QUESTION: NEW URANIUM DEPOSITS

    Source: Government of India

    Posted On: 03 APR 2025 6:39PM by PIB Delhi

    The state-wise and year-wise in-situ uranium resources augmented by Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy (DAE) in the last five years are as follows:

     

    State

    U-oxide Resource (in tonne)

    2020-21

    2021-22

    2022-23

    2023-24

    2024-25

    (till Dec.

    24)

    Andhra Pradesh

    12,966

    18,182

    19,561

    7,450

    2,500

    Jharkhand

    5,894

    715

    3,367

    13,100

    4,080

    Karnataka

    617

    373

    Rajasthan

    1,861

    1,336

    900

    798

    Total

    21,338

    20,606

    22,928

    21,450

    7,378

    In principle approval exists for initiating 13 projects including capacity expansion of some existing units and construction of new production facilities (Mines & Plants) in the country. Pre-project activities related to obtaining statutory clearances from various Central and State authorities have been initiated. On implementation of the projects, the projected mining capacity in terms of Ore production is envisaged approximately 11.535 million TPA and in terms of U3O8 production is envisaged approximately as 1095 TPA.

    As the pre-project activities related to obtaining statutory clearances from various Central and State authorities have been initiated for the projects for which in-principle approval is received, presently no funds are allocated for those projects. The fund allocation shall be taken up once the project contours are firmed up after finalizing of Detailed Project Report and once administrative and financial sanction is obtained.

    In recent years, AMD has established U-oxide resource at Jaduguda North – Baglasai-Mechua deposit, East Singhbhum district, Jharkhand; which is the north-western continuity of Jaduguda uranium deposit. The deposit is expected to strengthen India’s long- term nuclear fuel security substantially.

    This information was given by Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, Earth Sciences, MoS PMO, Department of Personnel, Public Grievances and Pensions, Department of Space and Department of Atomic Energy, in a written reply in the Rajya Sabha today.   

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    NKR/PSM

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Registering annual growth of 9 percent Indian Railways makes 7,134 coaches in last fiscal, Catering to the common man, IR sets the new record vis a vis 5481 in the last decade

    Source: Government of India

    Registering annual growth of 9 percent Indian Railways makes 7,134 coaches in last fiscal, Catering to the common man, IR sets the new record vis a vis 5481 in the last decade

    With focus on non-AC segment, Indian Railway produces 4,601 coaches in 2024-25

    Annual average coach production rises from 3,300 in 2004-14 to 5,481 in 2014-24, with total production of 54,809 coaches in last decade

    ICF Chennai produces 178 more coaches to cross annual threshold of 3,000; RCF Kapurthala with 201 and MCF Rae Bareli contribute by 341 more coaches in iconic journey of record production

    Posted On: 03 APR 2025 7:22PM by PIB Delhi

    Indian Railways has achieved a significant milestone in the financial year 2024-25 by manufacturing 7,134 coaches, marking a 9% increase from the previous year’s production of 6,541 coaches, with special emphasis on non A/C coaches with production of 4,601 coaches, catering the needs of common man. This rise reflects India’s growing emphasis on modernizing Railway infrastructure to meet increasing passenger demand.

    The Indian Railways has three coach manufacturing units in the country – Integral Coach Factory (ICF) at Chennai, Tamil Nadu, Rail Coach Factory (RCF) at Kapurthala, Punjab and Modern Coach Factory (MCF) at Rae Bareli, Uttar Pradesh. The Integral Coach Factory (ICF), the premier passenger coach producing unit of Indian Railways in Chennai, surpassed its previous production records for the year 2024-25, as it rolled out 3,007 coaches.

    Coach Manufacturing Unit

    Location

    Coaches Produced (2023-24)

    Coaches Produced (2024-25)

    Increase in Production

    Integral Coach Factory (ICF)

    Chennai, Tamil Nadu

            2,829

            3,007

           +178

    Rail Coach Factory (RCF)

    Kapurthala,  Punjab

            1,901

            2,102

           +201

    Modern Coach Factory (MCF)

    Rae Bareli, Uttar Pradesh

            1,684

            2,025

           +341

    Growth in Domestic Manufacturing

    Coach production in India has expanded substantially over the years. Between 2004 and 2014, Indian Railways manufactured less than 3,300 coaches on an average per year. However, from 2014 to 2024, production saw a major boost with production of 54,809 coaches with an average of 5,481 coaches per year, aligning with the push for improved connectivity and self-reliance in Railway manufacturing. The expansion is part of a broader effort to enhance domestic production capabilities, reduce dependence on imports and integrate advanced technology into Railway design.

    Improving Passenger Experience and Connectivity

    The record-breaking coach production aligns with the government’s ‘Sabka Saath, Sabka Vikas’ vision, ensuring improved public transport services while also enabling domestic manufacturing. With more coaches being introduced, passengers can expect better facilities, enhanced safety features and increased capacity to accommodate growing demand.

    Additionally, this achievement strengthens the ‘Make in India initiative’, reinforcing India’s position as a key player in Railway manufacturing. By focusing on modern, energy-efficient and passenger-friendly coaches, Indian Railways is making significant strides toward building a more robust and future-ready transport network.

    With ongoing efforts in Railway electrification, high-speed corridors and upgraded passenger services, the increased coach production will play a vital role in shaping the future of India’s Rail transport system, ensuring greater efficiency, comfort and accessibility for millions of passengers.

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    Dharmendra Tewari/Shatrunjay Kumar

    (Release ID: 2118452) Visitor Counter : 91

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: India Post Partners with Nippon India Mutual Fund to Enhance KYC Verification Services

    Source: Government of India

    Posted On: 03 APR 2025 6:45PM by PIB Delhi

    In a significant move to facilitate the Mutual Fund industry’s customer onboarding process, Department of Posts (DoP) has signed a Memorandum of Understanding (MoU) with Nippon India Mutual Fund to provide door-to-door KYC verification services for their investors. This partnership aims to streamline the KYC process, ensuring convenience, security, and compliance for investors across India.

    The MoU (Memorandum of Understanding) was signed between Ms. Manisha Bansal Badal, General Manager, Business Development Directorate, Department of Post, and Mr. Sundeep Sikka Executive Director & Chief Executive Officer Nippon Life India Asset Management Ltd.


    Ms. Manisha Bansal Badal and Mr. Sundeep Sikka

    India Post’s unparalleled reach, with a presence in even the remotest corners of the country, sets it apart as an ideal partner for mutual fund companies seeking to expand their investor base. After successfully handling more than 5 lakh KYC verifications for UTI and SUUTI in a short period, India Post has proven its capability to manage large-scale operations efficiently and securely.

    The door-to-door KYC service will offer investors the convenience of completing the process from home, a crucial benefit for the investors especially the elderly. This partnership aligns with the Government of India’s emphasis on Jan Nivesh, the initiative aimed at promoting financial inclusion for the common masses.

    By offering door-to-door KYC services, India Post is providing easy access to financial products for individuals who may otherwise face barriers due to mobility issues or lack of access to financial institutions. This initiative ensures that a broader segment of the population, including those in rural and underserved areas, can participate in the growing mutual fund market, thus empowering them to make informed investment decisions and secure their financial future.

    This collaboration marks a key milestone in India Post’s commitment to financial inclusion and economic development. With its trusted network, India Post aims to continue forging new partnerships and expanding its presence in the financial services sector.

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    Samrat/Allen

    (Release ID: 2118397) Visitor Counter : 25

    MIL OSI Asia Pacific News