NewzIntel.com

Category: Economy

  • MIL-OSI Australia: Responsible economic and fiscal management

    Source: Australian Parliamentary Secretary to the Minister for Industry

    The Albanese Government is building a stronger economy and stronger Budget, with smaller deficits and much lower debt than we inherited.

    Responsible economic management is a defining feature of this Government and this Budget.

    While the global economy is uncertain and Australians are still under pressure, we have made substantial progress in turning the economy and the Budget position around.

    Inflation is down, unemployment is low, wages are up, interest rates have started to come down, growth has rebounded solidly.

    At the same time, the Government has delivered the biggest Budget turnaround in a Parliamentary term – improving the Budget by $207 billion – while delivering responsible cost of living relief to millions of Australians to ease pressures on households.

    We’ve turned two big Liberal deficits into two Labor surpluses and the deficit in our third year, of $27.6 billion, is almost half of what we inherited from the Coalition.

    This Budget improves the bottom line by $1.6 billion over the forward estimates compared to MYEFO, and the deficit in 2025–26 is forecast to be $42.1 billion – lower than MYEFO and lower than what we inherited.

    We’ve done this by limiting real spending growth, finding savings and banking the majority of revenue upgrades over the past three years.

    Fiscal policy worked with monetary policy to return inflation to the target band in the second half of last year, while keeping unemployment near historic lows and the economy growing.

    Our fiscal settings are consistent with inflation sustainably returning to the RBA’s target band, which Treasury now expects to occur six months earlier than anticipated.

    Since the Government has come to office:

    • The Budget position has improved by $207 billion over the seven years to 2028–29 and is better in every year over the forward estimates.
    • Debt is $177 billion lower this year, which will help us avoid around $60 billion in interest repayments over the decade.
    • Real payments growth is estimated to average 1.7 per cent per year over the seven years to 2028–29, which is around half the average under our predecessors.
    • We have identified $94.1 billion in savings and reprioritisations.
    • We have returned 69 per cent of upwards revisions to tax receipts compared to our predecessors who averaged around 40 per cent.

    There is heightened uncertainty in the global economy including from escalating trade tensions, a slowdown in China and the ongoing war in Europe.

    Australia has not been immune to challenging global conditions but we are one of the best placed economies to navigate them.

    When we came to government, we inherited a trillion dollars of debt and large deficits.

    In less than a term, we’ve got the debt down, we’ve delivered two surpluses when our predecessors delivered none, and we’re on track to deliver lower deficits.

    We’ll continue to do what we can to ease pressure on Australians with tax cuts, energy rebates, higher wages, strengthening Medicare and cheaper medicines at the same time as we repair the budget and Build Australia’s Future.

    MIL OSI News –

  • MIL-OSI: Aurora Mobile’s EngageLab Upgrades Its Marketing Automation Functions with AI-Powered Features to Drive Customer Success

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, March 25, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its subsidiary EngageLab, a leading multi-channel engagement solution provider, has upgraded its Marketing Automation (MA) functions with AI-powered capabilities, further empowering businesses to achieve exceptional results.

    Revolutionizing Marketing with Key Features

    • Omnichannel Marketing Automation: Seamlessly connect with customers across AppPush, WebPush, Email, SMS, and WhatsApp to maximize engagement and conversions.
    • Visual Journey Orchestration: A drag-and-drop builder with pre-designed templates enables marketers to create personalized user journeys without coding, reducing operational costs and increasing efficiency.
    • AI-Driven Insights & Optimization: Real-time analytics track user behavior, participation rates, and revenue conversions, allowing businesses to optimize strategies for maximum ROI.

    Tailored Journey Orchestration for Diverse Scenarios

    EngageLab’s upgraded functions are designed to cater to various industries and use cases, including:

    • New User Onboarding: Guide users through core features for quick adoption.
    • Trial & Upgrade: Send reminders or exclusive offers to encourage payments.
    • Re-engagement: Reactivate inactive users with personalized incentives.
    • Targeted Campaigns: Leverage interaction data to deliver precise holiday deals or event teasers.

    Customer Success Stories

    E-commerce: A B2C platform achieved a 30% increase in conversions and significantly higher repurchase rates using personalized campaigns.

    Gaming: A mobile game developer boosted click-through rates by 45% and recovered 20% of churned players with behavior-triggered notifications.

    Education: An online curriculum designer saw a 40% increase in course completions with tailored reminders via Push and SMS.

    Why Choose EngageLab?

    • Powerful Messaging Channels: Five self-built messaging channels ensure high delivery rates and reliability.
    • AI-Powered Personalization: The integration of GPTBots.ai enables 24/7 personalized content creation and strategy optimization.
    • Global Support: A professional technical team provides 1-to-1 services and customized solutions for enterprises worldwide.

    Ready to transform your marketing strategy? Experience the power of EngageLab’s AI-driven Marketing Automation functions today from here: https://www.engagelab.com/accounts/signup

    About EngageLab

    EngageLab, a subsidiary of Aurora Mobile (NASDAQ: JG), is a leading multi-channel engagement solution provider, unites technology and versatility to offer seamless customer interactions and marketing automation across every channel, including Email, AppPush, WebPush, OTP, SMS, WhatsApp. It empowers businesses to build lasting relationships and achieve higher conversions and retention. With a strong focus on innovation and performance, EngageLab supports businesses with multiple global nodes, delivering more than 1 million messages every second across various channels.

    For more information about EngageLab and its suite of solutions, visit www.engagelab.com.

    About Aurora Mobile Limited
    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement
    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:
    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen
    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In US
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    For Media Inquiries:

    Contact: marketing@engagelab.com | Website: www.engagelab.com

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c64eb0d2-f790-4949-a4c4-357278092196

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c60b3da5-e5df-4d58-91b0-762a86670ad1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/0ad68524-179e-4023-ae2b-d12b2e80546f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c78a9a95-d940-4b01-ba39-bc32b59b3db0

    The MIL Network –

  • MIL-OSI: PANASONIC TOUGHBOOK Introduces Mobile-IT As-A-Service

    Source: GlobeNewswire (MIL-OSI)

    Siemens Mobility UK&I chooses TOUGHBOOK MaaS to revolutionise how it manages mobile IT.

    Wiesbaden, DE. 25th March 2025 – Panasonic is set to revolutionise the way organisations manage their mobile IT with the introduction of its innovative TOUGHBOOK Mobile-IT As-A-Service (MaaS). This comprehensive solution offers businesses a customisable, end-to-end package that includes robust hardware, essential software and dedicated support – with no upfront costs and a highly flexible monthly subscription fee. It ensures today’s mobile workforces always have access to the latest technology and support to continuously enhance efficiency and productivity for field operatives.

    With the subscription-based, as-a-service economy set to grow at 18% a year and be worth €2.8 trillion by 20281, Panasonic’s TOUGHBOOK MaaS provides a seamless, reliable mobile solution that can adapt to specific business requirements. It ensures mobile workers have the most up-to-date equipment and service delivery without the burden of managing it. Removing risk with a predictable monthly OPEX cost, TOUGHBOOK MaaS provides flexibility and control, enabling customers to swiftly adapt solutions as needs change.

    At the end of the subscription period, customers can choose to seamlessly transition to new Panasonic TOUGHBOOK solutions and extend or tweak existing software and support services, based on their requirements. For all end-of-life equipment, TOUGHBOOK MaaS supports the circular economy by extending the lifecycle of devices through refurbishment and reuse.

    Recognising that no two businesses are alike, this service offers tailor-made packages encompassing:

    • Services: Comprehensive support tailored for hyper-mobile workers, ensuring uninterrupted productivity through monitoring of assets in the field, through to maintenance and integration services.
    • Software: Essential applications designed to empower mobile workers, enabling them to perform their tasks more effectively.
    • Hardware: Access to Panasonic’s TOUGHBOOK devices, known for their durability and reliability in challenging environments.
    • Device Ecosystem & Accessories: A range of supplementary tools and accessories that enhance the mobile working experience, from additional batteries to specialist devices and docking units.

    Leading technology company, Siemens Mobility UK&I, has chosen to adopt TOUGHBOOK MaaS at its UK Bogie and Wheelset Service Centre. Its engineers will use Panasonic TOUGHBOOK devices for component management, condition assessment recording, digital twin inspections, maintenance, work instructions, employee communication, and health and safety compliance.

    Rick Evans, Head of Site IT, at Siemens Mobility UK&I said: “This is another great example of our commitment to delivering the safest, most accessible rail network for Britain. With technology and business requirements changing at a faster pace than ever, TOUGHBOOK MaaS ensures our engineers always have access to the latest hardware, applications and support to deliver the very best transport solutions for Britain.”

    Timo Unger, Head of Business Planning for Panasonic TOUGHBOOK, added: “TOUGHBOOK Mobile-IT As-A-Service delivers business certainty in an uncertain world. With this comprehensive service, we remove the complexities associated with managing mobile IT infrastructure, allowing businesses to concentrate on delivering high-performance, reliable services whenever and wherever needed.”

    The subscription-based model offers businesses the flexibility to select the level of support that aligns with operational needs. With a standard 60-month contract period, pricing starts from just €33 per user, per month. Additional services, such as proactive maintenance plans and swift deployment options, including vehicle integration for devices, are available for a nominal uplift, ensuring that businesses can scale their solutions as their needs evolve.

    For more information about Panasonic TOUGHBOOK’s Mobile-IT As-A-Service, please visit: https://eu.connect.panasonic.com/gb/en/toughbook/Mobile-IT-As-A-Service

    Panasonic Press Contact
    Lisbeth Lashmana
    Head of Marketing Europe at Panasonic TOUGHBOOK
    lisbeth.lashmana@eu.panasonic.com 

    Panasonic Press Contact
    Jim Pople
    C8 Consulting
    jim@c8consulting.co.uk

    About the Panasonic Group
    Founded in 1918, and today a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide, the Panasonic Group switched to an operating company system on April 1, 2022, with Panasonic Holdings Corporation serving as a holding company and eight companies positioned under its umbrella. The Group reported consolidated net sales of Euro 54.12 billion (8,496.4 billion yen) for the year ended March 31, 2024. To learn more about the Panasonic Group, please visit: https://holdings.panasonic/global/

    About Panasonic Connect Europe GmbH
    Panasonic Connect Europe began operations on October 1st, 2021, creating a new Business-to-Business focused and agile organisation. With more than 400 employees and led by CEO Shusuke Aoki, the business aims to contribute to the success of its customers with innovative products and integrated systems and services – all designed to deliver its vision to Change Work, Advance Society and Connect to Tomorrow.

    Panasonic Connect Europe is headquartered in Wiesbaden and consist of the following business units: 

    • The Mobile Solutions Business Division helping mobile workers improve productivity with its range of Toughbook rugged notebooks, business tablets and handhelds.
    • The Media Entertainment Business Division incorporating Visual System Solutions offering a range of high brightness and reliable projectors as well as high quality displays; and Broadcast & ProAV offering Smart Live Production solutions from an end-to-end portfolio consisting of PTZ and system cameras, camcorders, the Kairos IT/IP platform, switchers and robotic solutions that are widely used for live event capture, sports production, television, and xR studios.
    • Business and Industry Solutions delivering tailored technology solutions focused on Retail, Logistics and Manufacturing. Designed to increase operational efficiency and enhance customer experience, helping businesses to perform at their best, every day.
    • Panasonic Factory Solutions Europe selling a wide range of smart factory solutions including electronics manufacturing solutions, robot and welding systems and software solutions engineering.

    For more information please visit: https://eu.connect.panasonic.com

    Please visit Panasonic Connect Europe’s LinkedIn page: https://www.linkedin.com/company/panasonic-connect-europe/

    1 The Business Research Company

    Attachment

    The MIL Network –

  • MIL-OSI: Municipality Finance issues a USD 50 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 March 2025 at 11:00 am (EET)

    Municipality Finance issues a USD 50 million tap under its MTN programme

    On 26 March 2025 Municipality Finance Plc issues a new tranche in an amount of USD 50 million to an existing benchmark issued on 22 January 2025. With the new tranche, the aggregate nominal amount of the benchmark is USD 400 million. The maturity date of the benchmark is 2 February 2029. The benchmark bears interest at a floating rate equal to Compounded SOFR plus 100 bps per annum.

    The new tranche is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the benchmark are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 March 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Daiwa Capital Markets Europe Limited act as the Dealer for the issue of the new tranche.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI United Kingdom: Crack down on criminals using self-storage facilities 25 March 2025 Isle of Wight cracks down on criminals using self-storage facilities for illicit activities

    Source: Aisle of Wight

    Self-storage businesses across the Isle of Wight are joining forces to prevent criminals from using self-storage facilities to house counterfeits and illicit goods.

    The TickBox scheme, a national scheme designed to keep criminals out of self-storage facilities, was introduced to the Island in 2020. Since then, self-storage business including Barn Store, Cowes Movers, Isle of Wight Removals and Storage and InnerSpaces Self Storage, have joined the scheme ensuring their businesses are doing their utmost to keep their premises, and by extension their customers safe from illegal activity.

    In recent years, enforcement action by Trading Standards in England and Wales and the police have resulted in the seizure of thousands of counterfeit items estimated to be worth millions of pounds, disrupting criminal networks.

    The benefits that self-storage facilities offer, in terms of ease of rental and ready access, can make them attractive to criminals who want to operate ‘below the radar’ and store illicit goods, including counterfeit goods and unsafe consumer products.

    However, these counterfeit goods pose a serious risk to both self-storage businesses and the public storing their belongings there. Fake products do not undergo the same rigorous safety testing as genuine products and could be highly dangerous, like fake batteries. Electrical items or unsafe chemicals could cause fires or chemical leaks, putting not only stored goods but the lives of customers and staff at risk.

    Dominic Hampson, Operations Manager at InnerSpaces, based in Cowes, shared how Tick Box has been invaluable in highlighting potentially suspicious behaviour.

    ‘‘The scheme was very simple to implement, and we were supported throughout. It has strengthened our approach to customer verification and reinforced the importance of vigilance across all stages, from inquiry to contract completion.’’

    ‘‘We’ve worked hard to build the trust of our customers over the 15 years we’ve been operating on the Island. Fake and illicit goods would undermine that relationship and damage our standing within the community and industry.’’

    ‘‘Storing counterfeit products isn’t just about the immediate risks. It opens the door to a chain reaction of negative consequences, from compromising safety and security to fuelling larger societal issues. At InnerSpaces, we are committed to ensuring that our facility remains a safe, law-abiding environment for all.’’

    James Potter, Trading Standards and Community Safety Manager for the Isle of Wight Council said, “The appeal of cheaper goods may seem tempting, but counterfeit goods will be of a very poor quality and will not have gone through the same amount of rigorous testing as genuine products on the market to keep consumers safe. Purchasing counterfeit goods has further proven consequences, including contributing to job losses in the UK every year, a negative impact on the economy, impacting workers rights and being linked to organised criminal groups who are involved in serious crime. If you’re caught making or selling counterfeit goods, this can have serious implications with an imprisonment term of up to 10 years and/or an unlimited fine.

    We’re pleased to be part of the Tick Box scheme working in conjunction with the Intellectual Property Office and local businesses here on the Isle of Wight. It’s been great to work in partnership to prevent counterfeit and unsafe goods from being stored at these locations along with helping businesses be compliant. We look forward to continued partnership working as part of this scheme”.

    Tick Box is a free partnership between local Trading Standards, the Intellectual Property Office, and the Self-Storage Association UK.  It provides storage facilities with a voluntary code of practice to verify customers’ identities and the intended use of storage units.

    For more information about joining the scheme, visit Tick Box | Keep it real, keep it legal.

    MIL OSI United Kingdom –

  • MIL-OSI: XploraDEX Token Explained: Why It Could Become One of the Most Valuable Assets on XRP—Join $XPL Presale

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, March 25, 2025 (GLOBE NEWSWIRE) — As decentralized finance continues to evolve, one thing is clear: tokens that offer real utility and ecosystem integration are the ones that rise to the top. That’s exactly why $XPL, the native token of XploraDEX, is gaining so much attention.

    Built as the driving force behind the first and only AI-powered DEX on the XRP Ledger, $XPL Token is more than just a transactional token, it’s a multi-functional asset designed to unlock deep trading intelligence, reward long-term holders, and shape the future of decentralized trading on XRPL.

    With the $XPL Presale currently live, now is the time to understand why early access to this token might be one of the smartest moves an investor can make in 2025.

    GET $XPL TOKENS NOW!

    What is $XPL?

    $XPL is the utility, governance, and rewards token powering XploraDEX, a platform that combines AI-driven trading automation with the speed and efficiency of the XRP Ledger. Every feature on XploraDEX is either powered by or optimized with $XPL.

    Key Utilities of $XPL:

    1. Access to Premium AI Tools

    $XPL holders unlock advanced trading dashboards, real-time predictive analytics, and AI-driven trade execution tools. These features give traders a measurable edge in the market.

    2. Reduced Trading Fees

    By holding and using $XPL, traders enjoy significant discounts on trading fees, ideal for high-volume users and frequent liquidity providers.

    3. Staking Rewards & Passive Income

    $XPL holders can stake their tokens to earn platform-generated revenue, enabling a sustainable income stream based on trading activity and ecosystem growth.

    4. Liquidity Mining Boosts

    $XPL incentivizes liquidity provision with yield multipliers for early adopters and active participants in farming pools.

    5. Governance & Voting Rights

    As a decentralized platform, XploraDEX is governed by its community. $XPL holders can vote on protocol upgrades, AI algorithm updates, and future ecosystem changes.

    PARTICIPATE IN XPLORADEX PRESALE

    Why $XPL Stands Out on the XRP Ledger

    The XRP Ledger is fast, scalable, and ideal for financial-grade applications—but until now, it lacked a next-gen token tied to AI automation and DeFi intelligence. $XPL fills that gap.

    Unique Advantages:

    • First AI-powered DeFi token on XRPL
    • Deeply integrated utility across the XploraDEX ecosystem
    • Deflationary mechanics to promote scarcity and long-term value
    • Backed by an active presale and growing community support

    Unlike many tokens with speculative use, $XPL Tokens is built into the very mechanics of trade execution, liquidity automation, and decision-making on XploraDEX. This gives it intrinsic utility and long-term demand.

    The $XPL Presale – Why Early Access Matters

    The current presale phase offers a unique window to acquire $XPL at the lowest possible price before the public listing. Early participants enjoy.

    With XRPL’s infrastructure gaining mainstream traction, tokens like $XPL designed for true adoption are poised for exponential upside.

    Buy $XPL token at discounted early-stage pricing: https://sale.xploradex.io

    Final Thoughts: The Token That Powers the Future of Trading

    $XPL tokens isn’t just another altcoin. It’s a multi-layered asset designed for a next-generation DEX experience, built on one of the most efficient ledgers in the industry. Its real-world utility, AI-powered architecture, and first-mover advantage on XRPL make it a serious contender for one of the most valuable assets in the ecosystem.

    Secure your $XPL Tokens now while the presale is live: https://sale.xploradex.io

    Stay connected and Join the XploraDEX AI Revolution

    Website | $XPL Token Presale | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.

    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/14969289-53d1-47be-96cb-8aa4948032c7

    The MIL Network –

  • MIL-Evening Report: Albanese government bids for votes with ‘top-up’ tax cuts for all

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Tax cuts are the centrepiece of the Albanese government’s cost-of-living budget bid for re-election in May. The surprise tax measures mean taxpayers will receive an extra tax cut of up to A$268 from July 1 next year and up to $536 every year from July 1 2027.

    Delivering his fourth budget on Tuesday night, Treasurer Jim Chalmers described the tax relief as “modest”. It will cost the budget $3 billion in 2026-27, $6.7 billion in 2027-28 and just over $17 billion over the forward estimates.

    From July 1 2026 the 16% tax rate – which applies to taxable income between $18,201 and $45,000 – will be reduced to 15%. From July 1 2027, this will be further reduced to 14%.

    While cost of living is at the heart of the budget, apart from the tax changes, almost all the other measures have been announced. These include about $8.5 billion to strengthen Medicare (mostly to boost bulk billing) and $150 per household to extend energy relief until the end of the year. The government has also previously announced measures on cheaper medicines and improved access to childcare.

    The opposition has so far refused to say what a Coalition government would do on tax. It will now be under pressure to quickly produce a counter tax policy for the election, which is likely to be called this weekend.

    Chalmers presented a cautiously optimistic picture on the economy, while stressing the uncertain international times ahead.

    “Our economy is turning the corner,” he said. “This budget is our plan for a new generation of prosperity in a new world of uncertainty.”

    “It’s a plan to help finish the fight against inflation [and] rebuild living standards.”



    Read more:
    A ‘modest’ tax bribe, delivered against dark clouds of Trump-induced uncertainty

    After delivering two budget surpluses, this budget has deficits for the foreseeable future.

    This financial year’s deficit is estimated at $27.6 billion, rising to $42.1 billion in 2025-26 (in the December 2024 update it was expected to be $46.9 billion). The cumulative deficits across the forward estimates reach $179.5 billion.

    The budget predicts 335,000 in net migration in 2024-25, which is a fall of 100,000 from the previous year. It projects 260,000 for 2025-26.

    Chalmers described the global economy as “volatile and unpredictable” with “storm clouds” gathering. “Trade disruptions are rising China’s growth is slowing, war is still raging in Europe and a ceasefire in the Middle East is breaking down,” he told parliament.

    “Treasury expects the global economy to grow 3.25% for the next three years, its slowest since the 1990s. It’s already forecasting the two biggest economies in the world will slow next year – with risks weighing more heavily on both,” he said.

    Chalmers said Australia was “neither uniquely impacted nor immune” from the international pressures. “But we are among the best placed to navigate them.”

    Australia’s economic growth is forecast to increase from 1.5% this financial year to 2.5% in 2026-27, with the private sector “resuming its rightful place as the main driver of this growth.”



    Read more:
    The 2025 budget has few savings and surprises but it also ignores climate change

    Unemployment is projected to peak at 4.25%, lower than previously anticipated. Employment and real wage growth will be stronger and inflation was coming down faster, Chalmers said.

    “Treasury now expects inflation to be sustainably back in the [2%-3%] target band six months earlier than anticipated,” he said. “The worst is now behind us and the economy is heading in the right direction.”

    Chalmers told his Tuesday afternoon conference the budget is a “story of Australian exceptionalism”.

    He called the tax cuts “top up tax cuts” that built on the recalibrated stage 3 tax cuts. He claimed the average household with two earners would save $15,000 over four years through a combination of all these tax cuts and energy bill relief.



    Read more:
    Tax cuts are coming, but not soon, in a cautious budget

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

    – ref. Albanese government bids for votes with ‘top-up’ tax cuts for all – https://theconversation.com/albanese-government-bids-for-votes-with-top-up-tax-cuts-for-all-253021

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Asia-Pac: Public healthcare charging revamped

    Source: Hong Kong Information Services

    Public accident and emergency (A&E) departments will charge patients a fee of $400 per visit starting from January 1, 2026, as part of reforms to fees aimed at enhancing the financial sustainability of the city’s public healthcare system.

    Currently, public A&E departments charge a flat rate of $180.

    Under the fee revamp, patients in critical and emergency cases will be treated for free at public A&E departments.

    At a press conference today, Secretary for Health Prof Lo Chung-mau said the reform was intended to offer more help to the underprivileged and patients with critical or severe illnesses.

    He stressed that the extra revenue will go back into public hospital services.

    The authorities will also introduce a “co-payment model” to charge patients between HK$50 and HK$500 for complicated pathology and non-urgent imaging tests.

    Moreover, they propose to cap charges at $10,000 a year for each patient, and to make it easier for those eligible to apply for a fee waiver.

    At today’s press conference, Permanent Secretary for Health Thomas Chan elaborated on the various measures.

    “I think the first one, on improving the waiver mechanism, we have relaxed the income and asset limits significantly for (patients) to qualify for medical waivers,” he said. “This is targeting the low-income families.

    “We expect that low-income families would mostly be able to be covered by the medical waiver mechanism, since we have already raised the eligibility level to (100% of) median monthly domestic household income for families of two and more.

    “And for families of one, actually we would be relaxing the income limit to 150% of the median monthly domestic household income. And also for the asset limit, we have significantly raised it to match the level for applying for public rental housing.

    “We expect that the number of low-income families or people that potentially qualify to apply for medical waivers would increase from 300,000 to 1.4 million. This is already in addition to the 600,000 CSSA (Comprehensive Social Security Assistance) recipients and also the Old Age Living Allowance recipients aged 75 or above.

    “In addition to the medical waivers, we introduced an annual spending cap.

    “If the amount of (medical) fees that you need to pay exceeds $10,000 for the whole year, anything in excess of $10,000 will be waived. This is to provide another protection for all Hong Kong citizens who may or may not be eligible to apply for medical waivers.”

    MIL OSI Asia Pacific News –

  • MIL-OSI Banking: Publication of financial reports: Federal Office of Justice imposes disciplinary fine on LIBERO football finance AG

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    On 29 January 2025, the Federal Office of Justice (Bundesamt für Justiz – BfJ) imposed a disciplinary fine amounting to 50,000 euros on LIBERO football finance AG.

    The disciplinary fine order related to a breach of section 325 of the German Commercial Code (Handelsgesetzbuch – HGB). LIBERO football finance AG failed to submit its accounting documents for the financial year 2023 for the purpose of disclosure to the operator of the German Federal Gazette (Bundesanzeiger) in electronic form within the prescribed period. The legal basis for the sanction is section 335 of the HGB.

    The company lodged an appeal against the Federal Office of Justice’s decision to impose a disciplinary fine.

    MIL OSI Global Banks –

  • MIL-OSI: Bitget Builders Program Accelerates Global Expansion, Hosted Over 60 Events Across 29 Countries

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company, announced the global expansion of Bitget Builders through a series of offline engagements, educational programs, and strategic community upgrades. The Bitget Builders Program is a pivotal component of the Blockchain4Youth charity project, inviting crypto enthusiasts from various backgrounds to co-build the Bitget ecosystem while unlocking insights, event access, and growth opportunities.

    Since its inception in June 2023, Bitget Builders Global Tour has already made significant strides, hosting over 60 events across 29 countries to strengthen brand visibility and foster meaningful connections within the blockchain ecosystem. Recent successful events include the Bitget Academy meetups in European countries, which blended education, networking, and entertainment to empower participants with actionable insights into blockchain technologies. The global meetup also keeps expanding to North America, APAC, and other regions, equipping the young generation worldwide with tools to navigate the evolving Web3 landscape.

    The Bitget Builders Program provides opportunities for builders to engage in a variety of roles that align with their skills and interests, such as crypto trading support, branding and content creation, and community management. “Build Bitget with Vugar” events serve as a dialogue platform between Bitget’s leadership and its global community, where Bitget COO Vugar Usi Zade engages directly with global communities. These gatherings offer exclusive insights into Bitget’s vision, core values, and roadmap, reinforcing the platform’s commitment to transparency and user-centric growth.

    In a strategic move to bolster community engagement, Bitget has elevated community managers to official Bitget Builders, granting them insights, advanced resources and networking opportunities, to amplify their impact in local markets. Looking ahead, Bitget will launch a “Builder Training Camp,” providing specialized training and tools to equip Builders with the skills needed to thrive in the crypto industry.

    “Our offline initiatives and community-driven approach reflect Bitget’s dedication to fostering innovation and inclusivity,” said Vugar Usi Zade, COO of Bitget. “By empowering students, traders, and builders worldwide, we’re not only expanding our footprint in various regions, but also cultivating a global movement centered on blockchain education and collaboration.”

    As part of a broader effort under Bitget’s Blockchain4Youth initiative, the Bitget Builders program focuses on empowering young talents and driving mass adoption as well as technological advancement. By facilitating offline meetups and a global tour, Bitget has increased the sense of community and empowered builders to contribute actively to the program’s growth and innovation on a global scale.

    For more details on the Bitget Builders Program, users can visit here.

    About Bitget
    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, users can visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, users can contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    Contact

    Simran Alphonso
    media@bitget.com

    The MIL Network –

  • MIL-OSI Africa: African Development Bank Group to expand investment in Lesotho to $331 million

    Source: Africa Press Organisation – English (2) – Report:

    MASERU, Lesotho, March 25, 2025/APO Group/ —

    The African Development Bank Group (www.AfDB.org) plans to invest $331 million in key strategic sectors in Lesotho as part of its proposed Country Strategy Paper for 2025-2030 to boost economic growth and industrial competitiveness. 

    During an official visit to Lesotho — the first by an African Development Bank President — Dr. Akinwumi Adesina met with His Majesty King Letsie III to discuss strengthening development partnerships and expanding the Bank’s investments in the country. 

    His Majesty expressed delight at the Bank President’s visit, viewing the mission as a reflection of the Bank and Adesina’s appreciation for Lesotho’s progress in improving people’s lives. 

    “With haste, we will ensure that the policies and incentives to accommodate the needs of and attract the private sector are in place, especially in healthcare, agriculture, and manufacturing,” the King remarked. 

    King Letsie said he was confident that Adesina, whom he described as a ‘man of action,’ would help catalyze progress on the Bank’s strategic projects in Lesotho. 

    Adesina thanked King Letsie for his strong leadership role as the African Union Nutrition Champion since 2014, his advocacy for improved nutrition and food security on the continent — especially for women, adolescents, and children — and his passion for youth development. 

    The African Development Bank president commended His Majesty for his leadership on the  King Letsie III Just Energy Transition Fund, which aims to generate approximately 200 megawatts of power through private sector investments. 

    He also briefed King Letsie about the Bank’s new 2025-2030 Country strategy paper and planned investments of $331 million to support quality infrastructure, capacity building, energy, integration and interconnectivity, debt management and standards, and strengthening the office of the Prime Minister.  

    Referencing dwindling donor commitments globally, Dr. Adesina said, “Africa must prepare to engage more proactively with the private sector. Every challenge is an investor’s dream. Ultimately, capital, like water, will always find a receptive place to go.” 

    According to Adesina, the Bank has implemented 87 projects totaling $429 million since Lesotho joined the Bank in 1973.  

    “We have eight ongoing projects worth $60 million, and we look forward to significantly expanding our commitments,” Adesina said. 

    The Bank’s investment strategy for Lesotho will focus on several priority areas: 

    • Energy infrastructure, including electricity transmission lines connecting Lesotho to South Africa 
    • Agricultural development to enhance food security and rural livelihoods 
    • Climate resilience initiatives to address environmental challenges 
    • Digital transformation, including broadband expansion for digital financial inclusion and government service digitalization 
    • Water resource management, building on the success of the Lesotho Lowland Rural Water Supply Project 
    • Public financial management and debt management support 
    • Trade competitiveness enhancements through improved grades and standards for exports 

    The African Development Bank-led Lesotho Rural Water Supply and Sanitation Project has delivered remarkable results: 190 kilometers of pipeline to distribution networks, water storage tanks with a total capacity of 3.48 million liters, and 166 public water points serving approximately 28,266 people across eight zones in Maseru and Berea districts. 

    Responding to King Letsie’s request, Dr. Adesina said the Bank will prioritize investments in primary healthcare centers across Lesotho.  

    “We will work on an integrated project that includes components of energy, a potential multi-partner $2.3 billion water transfer project from Lesotho through South Africa to Botswana, agro-value chains, and trade facilitation in Lesotho,” Adesina said after the meeting with King Letsie III. 

    The Bank is expected to support Lesotho in mobilizing approximately $260 million for the integrated water transfer project, which will supply 308 million cubic meters of water for domestic, agricultural, and industrial use through a 700 km pipe system. The project has the potential to generate up to 22 MW of hydropower. 

    Speaking earlier, Minister of Finance and Development Planning Retselisitsoe Matlanyane indicated that as Lesotho’s energy supply will exceed domestic demand by the end of 2026, the country intends to build a substation to export excess power production to South Africa. She reiterated Lesotho’s commitment to private sector-friendly policies and engagement. 

    The minister highlighted the importance of primary healthcare and nutrition investments to help combat extreme stunting in several parts of the country.  

    King Letsie is the African Union-appointed African Leaders for Nutrition champion.  The initiative, spearheaded by the African Development Bank and championed by African leaders, works to galvanize political will and significant investments to end malnutrition on the continent. 

    Dr. Adesina also met with Prime Minister Samuel Ntsokoane Matekane; and the ministers of Foreign Affairs; Agriculture, Food Security & Nutrition; Natural Resources; Health; Communication, Science & Technology; and Education & Training. 

    The Bank’s delegation to Lesotho included its Executive Director for Lesotho, Dr. Nomfundo X. Ngwenya; Deputy Director General for Southern Africa, Moono Mupotola; and Senior Advisor to the President for Communication and Stakeholder Engagement, Dr. Victor Oladokun. 

    MIL OSI Africa –

  • MIL-OSI Africa: Côte d’Ivoire: African Development Bank Group and Council of the Entente Join Forces to Boost Regional Growth in West Africa

    Source: Africa Press Organisation – English (2) – Report:

    ABIDJAN, Ivory Coast, March 25, 2025/APO Group/ —

    A new chapter of regional collaboration is taking shape in West Africa as the African Development Bank (www.AfDB.org) and the Council of the Entente explore closer ties to accelerate integration and sustainable development across five member states. 

    Nnenna Nwabufo, the Bank’s Vice-President for Regional Development, Integration, and Business Delivery, met with a delegation from the Council led by Deputy Executive Secretary Ali Idi at the Bank’s headquarters in Abidjan.  

    The talks focused on scaling up joint efforts to finance key regional projects, strengthen institutional capacity, and drive inclusive economic growth.  

    Founded 60 years ago, the Council of the Entente (Conseil de l’Entente) brings together Côte d’Ivoire, Niger, Burkina Faso, Togo, and Benin to promote economic cooperation and solidarity. 

    Ms. Nwabufo, joined by the Bank’s Deputy Director General for West Africa, Joseph Martial Ribeiro, and Youssouf Koné, Head of Regional Funds Management, highlighted opportunities to enhance collaboration in project co-financing, capacity building, and the implementation of regional initiatives. 

    “Strengthening the partnership between the African Development Bank Group and the Council of the Entente offers a vital opportunity to support West Africa amid an evolving socio-political landscape, while advancing regional integration,” said Ms. Nwabufo. 

    She noted that the partnership could focus on the co-financing of transformative regional projects that bolster resilience, safeguard social and investment gains, enhance regional connectivity, and foster inclusive economic growth. 

    Ms. Nwabufo also stressed the importance of joint efforts in capacity building and governance reforms to improve resilience, prevent crises, and strengthen social cohesion. She added that collaborative initiatives could address climate change, support economic diversification, and help mitigate security risks. 

    During the meeting, Mr. Idi presented the Council’s new Strategic Plan for 2024–2028, which aims to “strengthen peace, solidarity, security, and sustainable development in service of the community.” A key component of the plan is the PARCI-CE project (Projet d’Appui au Renforcement des Capacités Institutionnelles du Conseil de l’Entente), designed to reinforce the Council’s institutional, human, and operational capacities to better implement and monitor socio-economic development programmes across its member states. 

    The project prioritizes the design and delivery of regional socio-economic infrastructure, such as village water systems and solar electrification, as well as initiatives in agriculture, livestock, forestry, vocational training, and employment for youth and women. It also supports member states affected by humanitarian crises. 

    “The African Development Bank Group is a longstanding partner of the Council of the Entente’s member countries,” said Mr. Idi. “Our institutional capacity-building project, aligned with the 2024–2028 Strategic Plan, echoes the Bank’s key strategic priorities for the region: integrating Africa, improving the quality of life for Africans, feeding the continent, and providing light and energy across Africa.” 

    MIL OSI Africa –

  • MIL-OSI: MEXC Lists Particle Network (PARTI) with 150,000 USDT Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 25, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, announced the listing of Particle Network (PARTI) on both spot and futures markets, scheduled for March 25, 2025 (UTC). The launch on MEXC will be accompanied by an exciting Airdrop+ rewards program totaling 150,000 USDT.

    Particle Network is the Layer 1 blockchain that powers chain abstraction, seamlessly unifying users and liquidity across Web3. By introducing Universal Accounts, the project provides a single account and unified balance across all chains, coordinated and secured by Particle Chain, ensuring a frictionless experience in the entire Web3 ecosystem.

    MEXC has prepared an exclusive Airdrop+ event to mark the Particle Network (PARTI) listing, offering substantial rewards for both new and existing users, from March 24, 2025, 12:00 – April 05, 2025, 10:00 (UTC):
    Benefit 1: Deposit and share 60,000 USDT (New user exclusive)
    Benefit 2: Spot Challenge — Trade to share 20,000 USDT (For all users)
    Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
    Benefit 4: Invite new users and share 20,000 USDT (For all users)

    MEXC has established itself as an industry leader by consistently providing users with early access to promising web3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.

    Looking ahead, MEXC will continue to enhance its platform, offering advantages such as low fees, deep liquidity, a wide selection of trending tokens, and daily airdrops. This reaffirms MEXC’s user-centric approach, providing traders with early access to high-potential projects, generous rewards, and an optimal trading experience.

    For full event details and participation rules, visit the event page.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article about cryptocurrencies does not represent MEXC’s official stance or investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully evaluate market fluctuations, project fundamentals, and potential financial risks before making any trading decisions.
    Source

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bcd5d255-ef2e-4eae-b8b5-d35ebce3134f

    The MIL Network –

  • MIL-OSI: MEXC Announces Term Finance (TERM) Listing with 120,000 TERM and 109,000 USDT Prize Pools

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 25, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, is pleased to announce that the Term Finance (TERM) will be listed on March 26, 2025 (UTC). To celebrate this listing, MEXC will launch a special Launchpool event featuring a 120,000 TERM token prize pool, providing new and existing users with exciting opportunities to earn rewards.

    The TERM token, which has a total supply of 100,000,000, serves as the utility token for Term Finance, a decentralized fixed-rate lending protocol. The platform utilizes on-chain auctions to enable loans, allowing users to lock in funding costs or secure fixed-rate returns with crypto-backed loans. It offers a transparent and competitive market-clearing rate for both borrowers and lenders. To learn more about the TERM token and its role within the Term Finance ecosystem, read the full article here.

    TERM Listing Celebration Events: Share 120,000 TERM and 109,000 USDT Bonus

    To celebrate the listing of Term Finance (TERM) on MEXC, the exchange is launching two exciting events, offering participants the chance to share 120,000 TERM and 109,000 USDT in bonuses.

    TERM Finance’s Launchpool event runs from March 24 to 26, 2025 (UTC). Participants can stake USDT, MX, or TERM tokens to earn from a prize pool of 120,000 TERM. TERM holders and new users are eligible to join the Launchpool. New users can access the exclusive 60,000 TERM staking pool, while all users can participate in the general pool by staking MX or TERM.

    The participation process is simple, with a low entry threshold. Simply sign up for a MEXC account, complete KYC, and deposit USDT, MX, or TERM into the Launchpool. Holding at least 25 MX unlocks additional benefits. New users must deposit funds after the event begins to be eligible for the USDT pool.

    Additionally, users can participate in the Airdrop+ event, which runs from March 24 to April 3, 2025 (UTC), offering a total prize pool of 109,000 USDT.

    MEXC has established itself as an industry leader by consistently providing users with early access to promising web3 projects. In 2024, MEXC introduced 2,376 new tokens, with 1,716 of those being initial listings. According to the latest TokenInsight report, MEXC leads the industry with the highest number of spot listings at 461 and the fastest listing speed. Additionally, the exchange consistently adds new tokens in bi-weekly cycles, showcasing its exceptional ability to quickly capture market trends.

    By prioritizing low-market-cap projects and quickly listing trending tokens, MEXC remains at the forefront of emerging market trends. With advantages such as low fees, deep liquidity, and daily airdrops, MEXC has become the platform of choice for an increasing number of cryptocurrency traders.

    For full event details and participation rules, visit the event page.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Source

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b38ac5ca-9a78-495e-a8c2-90bd4c7618a7

    The MIL Network –

  • MIL-Evening Report: Tax cuts are coming, but not soon, in a cautious budget

    Source: The Conversation (Au and NZ) – By John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra

    Today’s budget is a cautious and responsible response to the cost-of-living pressures facing voters.

    As noted ahead of budget night, many of the major spending initiatives had already been announced.

    But, in the only major surprise, there are income tax cuts for all income taxpayers. Even if we need to be patient. The new tax cuts only start in July 2026, with a second round in July 2027.

    And as Treasurer Jim Chalmers himself said, they are “modest” cuts. A worker on average earnings will receive A$268 in the first year, rising to $536 in the second year.

    Combined with the government’s first round of tax cuts in last year’s budget, this will add up to $2,190 per year in 2027.

    The cost to the budget of the latest tax cuts in 2026-27 will be $3 billion, and over three years will be $17.1 billion. The cuts still need to pass parliament.

    But calls by economists such as Chris Richardson and Ken Henry for major tax reform have not been heeded. Major reforms inevitably create losers as well as winners. So, big changes were never likely just weeks before an election.

    And there is still bracket creep (increases in tax revenues as taxpayers move into higher tax brackets) over the next decade. Total tax receipts are projected to rise from 25.3% of gross domestic product (GDP) in 2024-25 to 26.8% in 2035-36. This will do most of the work in the very gradual windback of the budget deficit.

    How concerned should we be about the budget moving into deficit?

    In the first back-to-back surpluses for almost 20 years, there were budget surpluses in 2022-23 and 2023-24. This year we are returning to deficit and further deficits are expected for about a decade. Should we be alarmed?

    A balanced or surplus budget is not necessarily a good budget. What we want is a budget appropriate to current economic conditions and sustainable in the long run.

    The Australian economy has only been growing modestly in recent years and is forecast to grow 1.5% in the current year. Inflation is near the target range in underlying terms. So, a modest deficit is not unreasonable.

    The longer run projections show a very gradual return to balance. But this assumes no recession and no further income tax cuts, for a decade. It might be better to rebuild the fiscal position more quickly so as to be better placed to provide fiscal stimulus in the event of a global recession or another pandemic.

    ‘A new world of uncertainty’

    As Chalmers said, we are in a “new world of uncertainty” with “the threat of a global trade war”. The volume of Australian exports is forecast to only expand by 2.5% in 2025-26 and 2026-27, but it could be lower.

    In February, the Reserve Bank forecast headline inflation would rebound above the 2% to 3% target range when the electricity rebates expired. The extension of the rebates in Tuesday’s budget as well as the reductions in the price of prescription medicines will help keep inflation below 3%. Headline inflation is forecast to improve to 2.5% in 2026-27.

    In the December 2024 budget update, the unemployment rate was forecast to be around 4.5% in mid-2025 and stay around that level for the next couple of years. Given the unemployment rate was steady at 4.1% in February, the reduction to 4.25% seems plausible.

    What will it mean for interest rates?

    One reason the government went for a modest tax cut rather than a wild “cash splash” is it did not want to undermine the narrative there will be future interest rate cuts by stimulating household spending too much.

    If households were given immediate cash to spend, this could drive up inflation.

    The Reserve Bank is unlikely to change interest rates at its April 1 meeting. But it would be very unhelpful for the government’s electoral prospects if the minutes showed the central bank had become more concerned about inflation and less likely to cut interest rates at future meetings.

    The Reserve Bank is unlikely to feel this budget contains enough government spending to boost economic activity in the near term and therefore change its view on the economic outlook.

    So, a further interest rate cut remains possible at the bank’s following meeting on May 20.

    And any further relief on interest rates would be welcomed by households – as well as whoever might be in government by then.

    John Hawkins was a formerly a senior economist at the Treasury and Reserve Bank.

    – ref. Tax cuts are coming, but not soon, in a cautious budget – https://theconversation.com/tax-cuts-are-coming-but-not-soon-in-a-cautious-budget-253027

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: The 2025 budget has few savings and surprises but it also ignores climate change

    Source: The Conversation (Au and NZ) – By Stephen Bartos, Professor of Economics, University of Canberra

    By the standards of pre-election budgets, this one is surprisingly modest. There are only a handful of new revenue and spending initiatives. The Budget Paper 2 book, which contains new measures, is a slim document.

    In part, this is because many of the most significant new spending proposals have been announced already – support for more bulk billing, the Future Made in Australia program, funding for schools and pre-schools and the Housing Australia Future Fund.

    It can be hard to discern the new initiatives from the old. For example, the budget commits the government to support wage growth by “funding wage increases for aged care workers and early childhood educators” and “advocating for increases to award wages”. It will also ban non-compete clauses (contract provisions that hinder workers from moving between employers) for low- and middle-income workers.

    These should in theory significantly shift wages upwards. Yet the economic forecast for the wage price index barely moves – from 4.1% in 2023-24 to 3% in 2024-25 and 3.25% in 2025-26. That is because the forecasts had already built in assumptions on the impact of things like aged care and childcare wage rises – they aren’t new.

    The non-compete reform is a new initiative and over the longer term has the potential to improve wages as people move jobs. More importantly, it will improve flexibility in the labour market and improve productivity.

    Overall, the deficits are forecast to continue for the foreseeable future.

    Some more tax cuts on the way

    The one surprising element of the budget is tax cuts. In essence, they return some bracket creep to low- and middle-income earners for a couple of years, after which revenue estimates return to trend. Bracket creep refers to increases in tax revenues as taxpayers move into higher tax brackets.

    It is one of the reasons why governments have resisted calls to index the income tax brackets to inflation. Giving back bracket creep from time to time in the form of a tax cut, especially when an election looms, is more politically attractive.

    There were few savings initiatives. The main one was the old chestnut of more funding to the Australian Taxation Office for compliance.

    The Taxation Office receives an additional A$999 million over four years to combat tax avoidance including non-compliance, under reporting of income and illicit tobacco. This is expected to recoup $3.2 billion over five years, while increasing payments by $1.4 billion – some of the additional tax collected will go to GST payments to the states. So in net terms therefore this is also a modest saving.

    One thing to look for in every budget is the provision for “decisions taken but not yet announced”. This refers to money put aside in the budget for future announcements – such as election promises.

    It is not clear what the government might have planned. Revenue drops in 2025-26, but it climbs back up again in the following two years. Spending decisions include $323 million next year, which is relatively small change in the overall budget.

    For transparency, we should not have any undisclosed decisions but at least the ones in this budget are far from extravagant.

    Public service numbers

    On staffing in the public service, there has been a large increase since the government took office. There will be some 33,000 more public servants – the majority outside Canberra – in 2025-26 than in 2022-23. However, the rate of increase is slowing. Not all agencies have had staff increases in this budget.

    Nevertheless, the government has devoted ten pages to arguments for investing in the public service, and why the public service is a valuable resource. This is probably to emphasise one of the few points of difference between it and the opposition.

    The defence budget saw almost no change. The treasurer was asked in his budget lockup press conference why this was, given the uncertain geopolitical environment documented in the budget papers.

    Chalmers agreed “the world is a dangerous place right now” but pointed to increases in defence spending in previous budgets and argued these had positioned Australia to respond.

    One missing element of the budget is new spending to combat climate change. The threat of climate change to the budget estimates has grown significantly. This is acknowledged briefly with a half page in the budget’s “statement of risks” – “climate change is expected to have a significant impact on the budget”.

    However, that impact is not quantified – possibly because of “significant uncertainty”. Yes, there is uncertainty.

    But the same applies to other parts of the budget, including the international economy, which is discussed in much more depth. The climate change department is one of a handful that lose staff in this budget. It may take more severe disasters before it regains prominence in the budget papers.

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

    – ref. The 2025 budget has few savings and surprises but it also ignores climate change – https://theconversation.com/the-2025-budget-has-few-savings-and-surprises-but-it-also-ignores-climate-change-253026

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: Municipality Finance issues SEK 500 million tap under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    25 March 2025 at 10:00 am (EET)

    Municipality Finance issues SEK 500 million tap under its MTN programme

    On 26 March 2025 Municipality Finance Plc issues a new tranche in an amount of SEK 500 million to an existing series of notes issued on 21 February 2025. With the new tranche, the aggregate nominal amount of the notes is SEK 1.5 billion. The maturity date of the benchmark is 21 February 2028. The notes bear interest at a floating rate equal to 3-month Stibor plus 150 bps per annum.

    The notes are issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the notes are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the notes to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki. The public trading is expected to commence on 26 March 2025. The existing notes in the series are admitted to trading on the Helsinki Stock Exchange.

    Skandinaviska Enskilda Banken AB (publ) act as the Dealer for the issue of the notes.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet is over EUR 53 billion.

    MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic, but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: POST Luxembourg becomes first European operator to migrate to an autonomous, AI-ready fiber network

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    POST Luxembourg becomes first European operator to migrate to an autonomous, AI-ready fiber network

    • POST Luxembourg (POST) uses Nokia’s Lightspan access nodes and Altiplano automation platform to establish Europe’s first nation-wide autonomous fiber network.
    • Nokia Altiplano Access Controller readies POST for the autonomous network era, helping to improve and streamline network operations, lower costs and enhance service delivery.
    • Nokia Lightspan is a high-capacity fiber platform designed to meet operators’ increasing broadband demand.

    25 March 2025
    Amsterdam, Netherlands – Nokia today announced that POST aims to be Europe’s first operator to migrate its entire broadband infrastructure to a software-defined access network by the end of 2025. POST will deploy Nokia’s Altiplano Access Controller to help improve network operations and resource utilization along with its Lightspan fiber access nodes to enhance network capacity, flexibility, and scale.

    With a growing and diverse set of broadband services and customer needs, POST needed to break down data silos, improve operational efficiencies and guarantee quality at any time.   To create an autonomous, AI-ready fiber network, POST will use Nokia’s Altiplano Access Controller and Lightspan access nodes to:

    • Reduce processing errors, improve customer experience and develop innovation faster;
    • Detect anomalies faster and anticipate service-affecting issues before they occur;
    • Monitor up to 20x more data points across the network to improve quality and enable AI-driven applications;
    • Reduce its environmental footprint through real-time power monitoring dashboards that help optimize energy consumption and drive operational savings;
    • Leverage open APIs to introduce new features, deploy new services and integrate new equipment faster;
    • Provide XGS and future 25G PON services essential for cloud gaming, enterprise network and next-generation digital experiences.

    “As POST transitions to an all-fiber network by 2030, we’re optimizing the efficiency, capacity, and availability of our fiber access network. By using Lightspan access nodes and the Altiplano automation platform, we strengthen our collaboration with NOKIA, preparing the network for AI-supported operations and increased reliability, and solidifying our position as Luxembourg’s leading fixed network provider,” says Pierre Scholtes, Head of Telecom Networks at POST Luxembourg.

    “As networks become more complex, operators need solutions that can help drive automation, simplify management and reduce OPEX. Our Lightspan family and Altiplano domain controller are designed to help operators do that. The combination of 10/25G readiness, mission-critical availability, and automation ensures that our customers are ready for the future of broadband, now,” said Geert Heyninck, General Manager, Broadband Networks at Nokia.

    Multimedia, technical information and related news 
    Product Page: Fixed access network automation
    Product Page: Nokia Altiplano Access Controller
    Product Page: Lightspan Operating System

    About Nokia
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation. 

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About POST Luxembourg
    POST Luxembourg is the largest provider of postal and telecom services in Luxembourg and offers its services to private and business customers. Other activities include financial services. The POST Luxembourg Group, with its subsidiaries and a 4.500-member workforce, is one of the main employers in Luxembourg. Founded in 1842 as an administration, POST is a public company owned by the Luxembourg State since 1992.

    As an operator of its own fixed and mobile infrastructure, POST Luxembourg offers, through its subsidiary POST Telecom S.A. and its entity DEEP, professional telecommunication services, as high-performance connectivity and IT services, including data centres with Tier IV security levels, IT integration services, cloud solutions, IT development services, as well as cyber security solutions and data intelligence services.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    POST Luxembourg
    Email: press@post.lu

    Follow us on social media
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    The MIL Network –

  • MIL-OSI: Vect-Horus appoints Carole Imbert as Chief Financial Officer to further reinforce its executive management team

    Source: GlobeNewswire (MIL-OSI)

                                                                            PRESS RELEASE

    • Brings extensive experience in investor relations and financial research and analysis
    • Will drive financial strategy to support internal pipeline and partnerships

    Marseille, France, March 25, 2025 – Vect-Horus, a privately held biotechnology company that designs and develops molecular vectors facilitating the targeted delivery of therapeutic molecules and imaging agents, today announced the appointment of Carole Imbert as Chief Financial Officer and to the Executive Committee. 

    Carole Imbert brings a wealth of experience in financial management and structuring. Most recently at Crédit Mutuel Arkéa, she served as Head of Financial and ESG Research for Arkea Investment Services, overseeing the asset management divisions of Schelcher Prince Gestion and Federal Finance Gestion. She has also held senior positions as a Financial Analyst at Natexis, CPR, and Exane and as Head of Investor Relations and Financial Communication at both BIC and Eurazeo. She holds degrees from the Institut Supérieur de Gestion and the Société Française des Analystes Financiers.

    “We are thrilled to welcome Carole to our management team. Her extensive background in financial strategy and investor relations will be complementary to our existing skilled team, and an invaluable asset to drive our growth and secure a strong financial position to underpin development of our vectors that facilitate targeting and delivery of therapeutics,” said Alexandre Tokay, co-founder and CEO of Vect-Horus. “Carole’s leadership will be crucial in driving our financial strategy forward, based on our proprietary VECTrans® technology both to develop an internal pipeline of products and through partnerships.”

    This is a further reinforcement of the experienced Vect-Horus leadership and will drive forward the company’s financial strategy. It follows the recent appointments of two new Board members: Jerome Berger, with vast expertise in strategy, finance, and venture capital in the technology and life sciences sectors, and Jean-Christophe Dantonel, who has more than two decades of profound expertise in biological sciences, project management, and clinical research.

    Carole Imbert said: “I am excited to join Vect-Horus to collaborate with a very skilled team at this pivotal moment in the company’s journey, with an impressive technology and pipeline and a dozen collaborations, including three strategic licensing agreements with major pharmaceutical companies. I am looking forward to strengthen the financial strategy of the Company to ensure smooth continuity and support Vect-Horus’ mission to enhance transport of therapeutics across biological barriers.”

    About Vect-Horus

    Vect-Horus designs and develops vectors that facilitate targeting and delivery of therapeutic or imaging agents to organs, including the brain, and to tumors. Founded in 2005, Vect-Horus is a spin-off of the Institute for Neurophysiopathology (INP, UMR7051, CNRS and Aix Marseille University), formerly headed by Dr Michel Khrestchatisky, co-founder of the company. Vect-Horus has 42 employees (most in R&D).

    To learn more about Vect-Horus, visit www.vect-horus.com.

    Contacts

        For more information, please contact Vect-Horus

        Emmanuelle Bettendorf, BD & Alliance Management,

        Vect-Horus contact@vect-horus.com

        Media Relations

        Sophie Baumont, Cohesion Bureau – sophie.baumont@cohesionbureau.com

    Attachment

    The MIL Network –

  • MIL-OSI: CoinShares Selected for BoursoBank’s Landmark Crypto ETP Launch

    Source: GlobeNewswire (MIL-OSI)

    CoinShares, one of the two selected providers, offers five of the six products features in the BoursoBank’s new crypto offering

    March 25, 2025 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a global leader in digital asset investing with over $6 billion in assets under management, announces today that five CoinShares Physical crypto ETPs will feature in BoursoBank’s groundbreaking entry into crypto investment products. This collaboration marks a significant step forward for mainstream crypto adoption in France, offering more than 7 million BoursoBank customers their first opportunity to invest in regulated crypto products listed on traditional exchanges.

    French retail investors have shown growing enthusiasm for digital assets but often struggle with limited access through regulated financial platforms. This partnership addresses that critical gap. CoinShares’ fully regulated crypto ETPs trade on traditional exchanges and qualify for inclusion in standard brokerage (“compte titre”) accounts, providing French investors with a secure, transparent, and familiar route into digital assets via France’s premier digital banking platform.

    Recognised as the most affordable French bank for 17 consecutive years, BoursoBank further enhances its competitive advantage by adding CoinShares’ cost-effective crypto ETPs—Europe’s most competitively priced offering—to its product portfolio, reinforcing its value-driven proposition to an expanding client base.

    CoinShares Physical ETPs available on the BoursoBank platform include:

    • CoinShares Physical Bitcoin: Annual management fees of 0.25%
    • CoinShares Physical XRP: Annual management fees of 1.50%
    • CoinShares Physical Staked Ethereum: Management fees reduced to 0.00%, 1.25% annual staking reward
    • CoinShares Physical Staked Solana: Management fees reduced to 0.00%, 3.0% annual staking reward
    • CoinShares Physical Staked Cardano: Management fees reduced to 0.00%, 2.0% annual staking reward

    Jean-Marie Mognetti, CEO of CoinShares, commented:

    “We are honoured to collaborate with BoursoBank on their groundbreaking venture into crypto ETPs. Our selection affirms CoinShares’ position as Europe’s leading institutional digital asset investment firm, known for transparency, regulatory compliance, innovation, reliability and cost-effectiveness.

    BoursoBank’s entry into crypto ETPs marks a crucial step for digital asset adoption in France. Their expanding clientele, remarkable growth and focus on investor education create an ideal platform for mainstream crypto investing.

    This partnership allows French investors to easily incorporate digital assets into their traditional investment portfolios through their trusted bank, underpinned by CoinShares’ expertise and robust security measures.”

    About CoinShares

    CoinShares is a leading global digital asset manager that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Founded in 2013, the firm is headquartered in Jersey, with offices in France, Stockholm, the UK, and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    coinshares@mgroupsc.com

    The MIL Network –

  • MIL-OSI Economics: Navigating uncertainty in the global economy: central bank challenges in an era of change

    Source: Bank for International Settlements

    The global economy is facing mounting uncertainties, from rising tariffs and geopolitical tensions to structural issues like ageing populations, high debt levels and low productivity growth. Central banks must navigate divergent inflation paths, volatile financial markets and uneven growth across regions. While the United States and euro area contend with policy and trade uncertainties, Asia remains relatively resilient, though not immune. China’s economic rebalancing faces headwinds including weak consumption and higher debt. At the same time, artificial intelligence offers transformational potential, promising productivity gains and reshaping central bank operations. However, its adoption also raises concerns around data governance and financial stability. The future demands central banks remain adaptive, realistic in their goals and transparent in communication. Traditional tools must be complemented by macroprudential policies and collaboration across stakeholders. As the world evolves rapidly, embracing innovation while safeguarding stability will be critical to navigating the complex challenges ahead.

    MIL OSI Economics –

  • MIL-OSI Economics: Financial cyberthreats in 2024

    Source: Securelist – Kaspersky

    Headline: Financial cyberthreats in 2024

    As more and more financial transactions are conducted in digital form each year, financial threats comprise a large piece of the global cyberthreat landscape. That’s why Kaspersky researchers analyze the trends related to these threats and share an annual report highlighting the main dangers to corporate and consumer finances. This report contains key trends and statistics on financial phishing, mobile and PC banking malware, as well as offers actionable recommendations to bolster security measures and effectively mitigate emerging threats

    Methodology

    In this report, we present an analysis of financial cyberthreats in 2024, focusing on banking Trojans and phishing pages that target online banking, shopping accounts, cryptocurrency wallets and other financial assets. To gain an understanding of the financial threat landscape, we analyzed anonymized data on malicious activities detected on the devices of Kaspersky security product users and consensually provided to us through the Kaspersky Security Network (KSN). Note that for mobile banking malware, we retrospectively revised the 2023 numbers to provide more accurate statistics. We also changed the methodology for PC banking malware by removing obsolete families that no longer use Trojan banker functionality, hence the sharp drop in numbers against 2023.

    Key findings

    Phishing

    • Banks were the most popular lure in 2024, accounting for 42.58% of financial phishing attempts.
    • Amazon Online Shopping was mimicked by 33.19% of all phishing and scam pages targeting online store users in 2024.
    • Cryptocurrency phishing saw an 83.37% year-over-year increase in 2024, with 10.7 million detections compared to 5.84 million in 2023.

    PC malware

    • The number of users affected by financial malware for PCs dropped from 312,000 in 2023 to 199,000 in 2024.
    • ClipBanker, Grandoreiro and CliptoShuffler were the prevalent malware families, together targeting over 89% of affected users.
    • Consumers remained the primary target of financial cyberthreats, accounting for 73.69% of attacks.

    Mobile malware

    • Nearly 248,000 users encountered mobile banking malware in 2024 – almost 3.6 times more than in 2023 when 69,000 users were affected.
    • Mamont was the most active Android malware family, accounting for 36.7% of all mobile banker attacks.
    • Users in Turkey were the most targeted.

    Financial phishing

    In 2024, online fraudsters continued to lure users to phishing and scam pages that mimicked the websites of popular brands and financial organizations. The attackers employed social engineering techniques to trick victims into sharing their financial data or making a payment on a fake page.

    We analyzed phishing detections separately for users of our home and business products. Pages mimicking web services accounted for the largest slice of the business pie at 26.56%. The percentage was lower for home users (10.34%), but home users were more likely to be targeted by pages using banks and global internet portals, social media and IMs, payment systems, and online games as a lure. Delivery company scams accounted for 15.17% of attacks targeting businesses, but did not register in the top ten for home users.

    TOP 10 organizations mimicked by phishing and scam pages that were blocked on business users’ devices, 2024 (download)

    TOP 10 organizations mimicked by phishing and scam pages that were blocked on home users’ devices, 2024 (download)

    Overall, among the three major financial phishing categories, bank users were targeted most in 2024 (42.58%), rising a little over 4 p.p. on the previous year. Online stores were of relatively less interest to the fraudsters at 38.15% dropping from 41.65% in 2023. Payment systems accounted for the remaining 19.27%.

    Distribution of financial phishing pages by category, 2024 (download)

    Online shopping scams

    The most popular online brand target for fraudsters was Amazon (33.19%). This should not come as a surprise given Amazon is one of the world’s largest online retailers. With 2.41 billion average monthly visitors and $447.5 billion in annual web sales, up 8.6% in 2024, there is every chance Amazon will retain its dubious honor into 2025.

    Apple’s share of attacks dropped nearly 3 p.p. from last year’s figure to 15.68%, while Netflix scams grew slightly to 15.99%. Meanwhile, fraudsters’ interest in Alibaba increased, its share going up from 3.17% in 2023 to 7.95% in 2024.

    Examples of phishing sites that mimic Amazon, Netflix, Apple and Alibaba

    Last year, Louis Vuitton accounted for a whopping 5.52% of all attacks. However, the luxury brand completely slipped out of the top ten in 2024, along with Italian eyewear company Luxottica. Instead, sportswear giant Adidas and Russian e-commerce platform Ozon entered the list with 1.39% and 2.75% respectively. eBay (4.35%), Shopify (3.82%), Spotify (2.84%) and Mercado Libre (1.86%) all stayed in the top ten, with marginal differences from the previous year.

    TOP 10 online shopping brands mimicked by phishing and scam pages, 2024 (download)

    When looking at fake website content, free prizes and offers that were a little too good to be true once again proved a popular tactic used by scammers. However tempting they may be, most likely, the victim will be the one who pays. Often scammers require “commissions” to get the prize or ask user to pay for delivery. After receiving the money, they disappear.

    Examples of scam pages offering free prizes

    In other cases, precious gifts are used by phishers to trick the user into giving out their credentials. The scheme below offers the victim an Amazon gift card to obtain which they should enter an OTP code on a phishing website. Although such codes are temporary, the scammers may use them to log in to victim’s account or perform a fraudulent transaction as soon as it is entered into the fake form.

    A phishing scheme aimed at getting OTP codes

    Fraudsters often trick users into “verifying” their accounts by sending fake security alerts or urgent messages claiming suspicious activity. Victims are directed to a counterfeit page resembling platforms like eBay, where entering data (for example, credentials, payment data or documents) hands them over to scammers.

    An example of a phishing site that mimics eBay

    Another common tactic involves creating fake storefronts or seller profiles on marketplaces, listing numerous products at seemingly irresistible prices. Shoppers drawn in by the deals unknowingly provide payment details, only to receive nothing in return.

    An example of a scam site that mimics an online marketplace

    While many pages mimicking online stores target shoppers, there are others that are designed to collect business account credentials. For example, below you can see a phishing page targeting users registered on the Amazon Brand Registry platform, which provides businesses with a range of brand-building and intellectual property protection tools.

    An example of a phishing page targeting Amazon brand accounts

    Payment system phishing

    Payment systems were mimicked in 19.27% of financial phishing attacks detected and blocked by Kaspersky products in 2024 – almost the same percentage as in 2023. Once again, PayPal was the most targeted, but its share of attacks fell from 54.73% to 37.53%. Attacks targeting Mastercard went in the opposite direction, nearly doubling from 16.58% in 2023 to 30.54%. American Express, Qiwi and Cielo are all new entrants into the top five, replacing Visa, Interac and PayPay.

    TOP 5 payment systems mimicked by phishing and scam pages, 2024 (download)

    Cryptocurrency scams

    In 2024, the number of phishing and scam attacks relating to cryptocurrencies continued to grow. Kaspersky anti-phishing technologies prevented 10,706,340 attempts to follow a cryptocurrency-themed phishing link, which was approximately 83.37% higher than the 2023 figure of 5,838,499 (which itself was 16% bigger than the previous year’s). As cryptocurrencies continue to grow, this number is only ever going to get larger.

    Financial PC malware

    In 2024, the decline in users affected by financial PC malware continued. On the one hand, people continue to rely on mobile devices to manage their finances. On the other hand, some of the most prominent malware families that were initially designed as bankers had not used this functionality for years, so we excluded them from these statistics. As a result, the number of affected users dropped significantly from 312,453 in 2023 to 199,204 in 2024.

    Changes in the number of unique users attacked by banking malware in 2024 (download)

    Key financial malware actors

    The notable strains of banking Trojans in 2024 included ClipBanker (62.9%), Grandoreiro (17.1%), CliptoShuffler (9.5%) and BitStealer (1.3%). Most of these Trojans specifically target crypto assets. However, Grandoreiro is a full-fledged banking Trojan that targeted 1700 banks and 276 crypto wallets in 45 countries and territories around the globe in 2024.

    Name %*
    ClipBanker 62.9
    Grandoreiro 17.1
    CliptoShuffler 9.5
    BitStealer 1.3

    * Unique users who encountered this malware family as a percentage of all users attacked by financial malware

    Geography of PC banking malware attacks

    To highlight the countries where financial malware was most prevalent in 2024, we calculated the share of users who encountered banking Trojans in the total number attacked by any type of malware in the country. The following statistics indicate where users are most likely to encounter financial malware.

    As in 2023, the highest share of banking Trojans was registered in Afghanistan, where it rose from 6% to 9% in 2024. Turkmenistan was next (as in 2023), where the figure rose from 5.2% to 8.8%, and Tajikistan was in third place (again), where the figure rose from 3.7% to 6.2%.

    TOP 20 countries by share of attacked users

    Country* %**
    Afghanistan 9.2
    Turkmenistan 8.8
    Tajikistan 6.2
    Syria 2.9
    Yemen 2.6
    Kazakhstan 2.5
    Switzerland 2.3
    Kyrgyzstan 2.2
    Uzbekistan 2.1
    Mexico 1.6
    Angola 1.5
    Mauritania 1.5
    Nicaragua 1.5
    Guatemala 1.3
    Argentina 1.1
    Paraguay 1.1
    Burundi 1.1
    Bolivia 1
    Uruguay 1
    Belarus 0.9

    * Excluded are countries and territories with relatively few (under 10,000) Kaspersky users.
    ** Unique users whose computers were targeted by financial malware as a percentage of all Kaspersky users who encountered malware in the country.

    Types of attacked users

    Attacks on consumers accounted for 73.69% of all financial malware attacks in 2024, up from 61.2% in 2023.

    Financial malware attack distribution by type (corporate vs consumer), 2022–2023 (download)

    Mobile banking malware

    The statistics for 2023 provided in this section were retrospectively revised and may not coincide with the data from the previous year’s report.

    In 2024, the number of users who encountered mobile banking Trojans grew 3.6 times compared to 2023: from 69,200 to 247,949. As can be seen in the graph below, the malicious activity increased dramatically in the second half of the year.

    Number of Android users attacked by banking malware by month, 2022–2023 (download)

    The most active Trojan-Banker family in 2024 was Mamont (36.70%). This malware first appeared at the end of 2023 and is distributed mostly in Russia and the CIS. Its distribution schemes are ranging from ages-old “Is that you in the picture?” scams to complex social engineering plots with fake stores and delivery tracking apps.

    Verdict %* 2023 %* 2024 Difference in p.p. Change in ranking
    Trojan-Banker.AndroidOS.Mamont.bc 0.00 36.70 +36.70
    Trojan-Banker.AndroidOS.Agent.rj 0.00 11.14 +11.14
    Trojan-Banker.AndroidOS.Mamont.da 0.00 4.36 +4.36
    Trojan-Banker.AndroidOS.Coper.a 0.51 3.58 +3.07 +30
    Trojan-Banker.AndroidOS.UdangaSteal.b 0.00 3.17 +3.17
    Trojan-Banker.AndroidOS.Agent.eq 21.79 3.10 -18.69 -4
    Trojan-Banker.AndroidOS.Mamont.cb 0.00 3.05 +3.05
    Trojan-Banker.AndroidOS.Bian.h 23.13 3.02 -20.11 -7
    Trojan-Banker.AndroidOS.Faketoken.z 0.68 2.96 +2.29 +18
    Trojan-Banker.AndroidOS.Coper.c 0.00 2.84 +2.84

    * Share of unique users who encountered this malware as a percentage of all users of Kaspersky mobile security solutions who encountered banking threats

    The Bian.h variant (3.02%) that prevailed in 2023 dropped to eighth place, losing over 20 p.p., and several more new samples entered the ranking: Agent.rj (11.14%) at the second place, UdangaSteal.b (3.17%) and Coper.c (2.84%).

    Geography of the attacked mobile users

    Same as 2023, Turkey was the number one country targeted by mobile banking malware. The share of users encountering financial threats there grew by 2.7 p.p., reaching 5.68%. Malicious activity also increased in Indonesia (2.71%), India (2.42%), Azerbaijan (0.88%), Uzbekistan (0.63%) and Malaysia (0.29%). In Spain (0.73%), Saudi Arabia (0.63%), South Korea (0.30%) and Italy (0.24%), it decreased.

    Country* %**
    Turkey 5.68
    Indonesia 2.71
    India 2.42
    Azerbaijan 0.88
    Spain 0.73
    Saudi Arabia 0.63
    Uzbekistan 0.63
    South Korea 0.30
    Malaysia 0.29
    Italy 0.24

    * Countries and territories with relatively few (under 25,000) Kaspersky mobile security users have been excluded from the rankings.
    ** Unique users attacked by mobile banking Trojans as a percentage of all Kaspersky mobile security users in the country.

    Conclusion

    In 2024, financial cyberthreats continued to evolve, with cybercriminals deploying phishing, malware and social engineering techniques to exploit individuals and businesses alike. The rise in cryptocurrency-related scams and mobile financial malware highlights the need for continuous vigilance and proactive cybersecurity measures, including multi-factor authentication, user awareness training and advanced threat detection solutions. As the digital finance landscape expands, staying ahead of emerging threats remains critical.

    To protect your devices and finance-related accounts:

    • Use multifactor authentication, strong unique passwords and other secure authentication tools.
    • Do not follow links in suspicious messages, and double-check web pages before entering your secrets, be it credentials or banking card details.
    • Download apps only form trusted sources, such as official app marketplaces.
    • Use reliable security solutions capable of detecting and stopping both malware and phishing attacks.

    To protect your business:

    • Update your software in a timely manner. Pay particular attention to security patches.
    • Improve your employees’ security awareness on a regular basis, and encourage safe practices, such as proper account protection.
    • Implement robust monitoring and endpoint security.
    • Implement strict security policies for users with access to financial assets, such as default deny policies and network segmentation.
    • Use threat intelligence services from trusted sources to stay aware of the latest threats and cybercrime trends.

    MIL OSI Economics –

  • MIL-OSI: Shell Publishes Annual Report and Accounts

    Source: GlobeNewswire (MIL-OSI)

    Shell plc publishes 2024 Annual Report and Accounts
    March 25, 2025

    Shell plc published its Annual Report and Accounts for the year ended December 31, 2024 (“2024 Annual Report and Accounts”).

    The 2024 Annual Report and Accounts will be submitted to the Annual General Meeting to be held on May 20, 2025.

    The 2024 Annual Report and Accounts can be viewed online or downloaded in pdf format at www.shell.com/investors/results-and-reporting/annual-report.

    In compliance with UK Listing Rule 6.4.1, on March 25, 2025, a copy of the 2024 Annual Report and Accounts was submitted to the National Storage Mechanism. This document will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. In compliance with section 5:25m(6) Financial Markets Supervision Act, the 2024 Annual Report and Accounts was submitted to the Dutch Authority for the Financial Markets (AFM) on March 25, 2025. The AFM publishes the report in its public register.

    Printed copies of the 2024 Annual Report and Accounts will be available from April 17, 2025, and can be requested, free of charge, at www.shell.com/investors/results-and-reporting/annual-report/order-printed-annual-reports.

    Shell plc will also file its Form 20-F for the year ended December 31, 2024, with the US Securities and Exchange Commission today. The Form 20-F will be available for download from www.shell.com/investors/results-and-reporting/annual-report or www.sec.gov.

    This announcement is made in accordance with DTR 6.3.5R(1A).

    Additional Information
    For the purposes of complying with the Disclosure Guidance and Transparency Rules (DTRs) and the requirements imposed on issuers though the DTRs, information required to be communicated in unedited full text has been included in the 2024 Annual Report and Accounts. This was submitted to the National Storage Mechanism in unedited full text on March 25, 2025, and will shortly be available for inspection. Furthermore, the 2024 Annual Report and Accounts are available at www.shell.com/investors/results-and-reporting/annual-report.

    Enquiries

    Shell Media Relations International: +44 20 7934 5550
    US Media Relations: Contact Shell US Media Team
    LEI number of Shell plc: 21380068P1DRHMJ8KU70
    Classification: Annual financial and audit reports

    The MIL Network –

  • MIL-OSI: Valeura Energy Inc.: Another Year of Record Results in 2024

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 25, 2025 (GLOBE NEWSWIRE) — Valeura Energy Inc. (TSX:VLE, OTCQX:VLERF) (“Valeura” or the “Company”) reports its financial and operating results for the three month period and year ended December 31, 2024.

    The complete reporting package for the Company, including the audited financial statements and associated management’s discussion and analysis (“MD&A”) and the 2024 annual information form (“AIF”), are being filed on SEDAR+ at www.sedarplus.ca and posted to the Company’s website at www.valeuraenergy.com.

    2024 Operational Highlights

    • Production increased by 12% year-over-year to 22,825 bbls/d(1) on the back of a full year of drilling operations and development of the Nong Yao C Field;
    • 100% success rate in exploration and appraisal activities with discoveries at Niramai, Wassana North, and Nong Yao D;
    • Company’s first full year of operations completed with no significant health, safety, or environment incidents; and
    • Reduced greenhouse emissions intensity by approximately 20% compared to 2023 baseline.

    2024 Financial Highlights

    • Generated revenue of US$679 million, with average price realisation of US$81/bbl;
    • Delivered Adjusted EBITDAX of US$378 million(2) and adjusted cashflow from operations of US$273 million(2);
    • Strengthened the balance sheet with record high year-end cash position of US$259 million(3) and zero debt;
    • Reduced asset retirement obligation (“ARO”) by 54% since assuming operatorship in Q1, 2023;
    • Completed internal restructuring to optimise operational and financial aspects of the Thai III petroleum concessions; and
    • Implemented share buyback programme through a Normal Course Issuer Bid for up to 10% of the public float.

    2024 Reserves Highlights

    • Record high year-end reserves: 32 MMbbl proved (1P), 50 MMbbl proved plus probable (2P) and 60 MMbbl proved plus probable plus possible (3P) reserves;
    • Delivered 2P reserves replacement ratio of 245%, even after production increase of 12%;
    • Increased 2P reserves and extended the end of field life (“EOFL”) at every field;
    • Grew 2P net present value (NPV10) before tax to US$934 million and US$753 million after tax(4);
    • Considering year-end 2024 cash position, increased 2P net asset value after tax to US$1,012 million, equating to C$13.6 per share(5); and
    • Doubled contingent resources to 48 MMbbls compared to year-end 2023(6).

    (1) Working interest share production before royalties.
    (2) Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section in the Company’s MD&A.
    (3) Includes restricted cash of $22.8 million.
    (4) Discount rate 10%.
    (5) Proved plus probable (2P) NPV10 plus net cash at December 31, 2024, assuming $/C$ exchange rate of 1.435, and 106.65 million shares outstanding as of December 31, 2024.
    (6) Unrisked best estimate (2C) contingent resources.

    Dr. Sean Guest, President and CEO commented:

    “Our first full year of operations in Thailand were a success across all areas of our business and a trophy for value creation.  We have attained record production, record cash flow, and replaced nearly 2.5x the reserves we produced, all while continuing to strengthen our financial position.  Our business is stronger and has a longer line of sight than ever before.

    Continued drilling throughout 2024 added 20 new production wells, including those we drilled to develop the new Nong Yao C field, making Nong Yao the largest and most profitable asset in our portfolio.  We’ve also had success with the drill bit on both appraisal and exploration which has significantly increased the number of future development well locations.  This successful drilling, combined with detailed reservoir studies has resulted in a 32% increase in 2P reserves to 50 million bbls.  Moreover, the economic life of each of our fields has moved further into the future, such that all fields are now expected to remain economic beyond 2030. 

    We are focussed relentlessly on value, and with the combination of an increase in the net present value of our 2P reserves, and the record cash position of US$259 million at year-end, the net asset value of our business is now more than one billion US dollars.  On a per share basis, that equates to over C$13/share, meaning an investment in Valeura’s shares continues to represent an excellent value proposition. 

    In addition to growing both the value and longevity of our existing portfolio, we continue to pursue several other avenues for growth, including exciting exploration opportunities, and potential merger and acquisition targets.”

    Financial and Operating Results Summary

        Three months ended  Year ended
        December 31, 2024 December 31, 2023 Delta December 31, 2024 December 31, 2023 Delta
    Oil Production(1) (‘000 bbls) 2,403 1,763 +36% 8,354 5,825 43%
    Average Daily Oil Production(1) (bbls/d) 26,109 19,165 +36% 22,825 20,440(2) +12%
    Average Realised Price (US$/bbl) 76.7 85.5 (10%) 81.3 84.3 (4%)
    Oil Volumes Sold (‘000 bbls) 2,948 1,987 +48% 8,349 5,854 +43%
    Oil Revenue (US$’000) 226,148 169,909 +33% 678,794 493,457 +38%
    Net Income (US$’000) 213,983 23,480 +811% 240,797 244,313 (1%)
    Adjusted EBITDAX(3) (US$’000) 132,402 96,679 +37% 377,985 230,672 +64%
    Adjusted Pre-Tax Cashflow from Operations(3) (US$’000) 133,612 88,326 +51% 356,627 238,661 +49%
    Adjusted Cashflow from Operations(3) (US$’000) 107,134 56,023 +107% 272,641 152,375 +79%
    Operating Expenses (US$’000) 55,607 49,622 +12% 186,407 180,192 +3%
    Adjusted Opex(3) (US$’000) 54,668 51,818 +6% 214,891 165,077 +30%
    Operating Expenses per bbl (US$/bbl) 18.9 25.0 (25%) 22.3 30.9 (28%)
    Adjusted Opex per bbl(3) (US$/bbl) 22.8 29.4 (22%) 25.7 28.3 (9%)
    Adjusted Capex(3) (US$’000) 38,870 30,374 +28% 134,258 103,733 +29%
    Weighted average shares outstanding – basic (‘000 shares) 106,955 102,652 +4% 105,778 99,227 +7%
        As at Comparison
        December 31, 2024 December 31, 2023 %
    Cash & Cash equivalents(4) (US$’000) 259,354 151,165 +72%
    Adjusted Net Working Capital(3) (US$’000) 205,735 118,143 +74%
    Shareholder’s Equity (US$’000) 528,283  284,178 +86%

     
    (1) Working interest share production before royalties.
    (2) Average daily oil production of 20,440 bbls/d represents the average production from closing of the Mubadala Acquisition on March 22, 2023 to December 31, 2023 (285 days).
    (3) Non-IFRS financial measure or non-IFRS ratio – see “Non-IFRS Financial Measures and Ratios” section in the Company’s MD&A.
    (4) Includes restricted cash of US$22.8 million at December 31, 2024 and restricted cash of US$17.3 million at December 31, 2023.

    Financial Update

    The Company’s Q4 2024 oil production averaged 26,109 bbls/d (working interest share before royalties), representing a 36% increase from Q4 2023.  Full year 2024 oil production averaged 22,825 bbls/d, 12% higher than 2023.  This growth was primarily driven by production from the Wassana field, which was not in production for most of 2023 and the Nong Yao C development, which came online in August 2024.  Oil sales for Q4 2024 were 2.9 million bbls, compared to 2.0 million bbls in Q4 2023.  For the full year 2024, oil sales totalled 8.4 million bbls, up 43% from 5.8 million bbls in 2023.  The increase is due to higher production rates in 2024, coupled with the fact that in 2023 the Company had only 285 days of production operations (following closing of the Mubadala acquisition on March 22, 2023).

    The Company generated Q4 2024 revenue of US$226.1 million, a 33% increase from Q4 2023.  Full year 2024 revenue was US$678.8 million, representing a 38% increase from 2023.  Q4 2024 price realisations averaged US$76.7/bbl, achieving a US$2.0/bbl premium to the Brent benchmark.  Full year 2024 price realisations averaged US$81.3/bbl, reflecting a US$0.5/bbl premium to Brent.  Valeura reported Q4 2024 Adjusted EBITDAX (a non-IFRS measure which is more fully described in the “Non-IFRS Financial Measures and Ratios” section of the MD&A) of US$132.4 million, up 37% from Q4 2023, while full year 2024 Adjusted EBITDAX increased 64% to US$378.0 million.

    The Company demonstrated improved operational efficiency with Q4 2024 Adjusted Opex (a non-IFRS measure which is more fully described in the “Non-IFRS Financial Measures and Ratios” section of the MD&A) of US$22.8/bbl, down from US$29.4/bbl in Q4 2023.  Full year 2024 Adjusted Opex decreased to US$25.7/bbl from US$28.3/bbl in 2023.  Operating expenses for Q4 were US$18.9/bbl compared to US$25.0/bbl in Q4 2023, and US$22.3/bbl for the full 2024 versus US$30.9/bbl in 2023. These improved unit costs were driven primarily by increased production from the low-cost Nong Yao field, which has become the Company’s largest production source.

    Valeura incurred total petroleum tax income and special remuneratory benefit tax of US$68.3 million and US$29.2 million respectively during the full year 2024, compared to US$71.2 million and US$15.1 million in the previous year.   The Company stands to benefit from a more efficient tax structure in 2025 as a result of the corporate restructuring which was completed in November 2024. This will result in Petroleum income tax loss carry-forwards that were previously associated with only the Wassana asset now being applied to all of the Company’s Thai III petroleum concessions, being Wassana, Nong Yao, and Manora.

    The Company recorded Net income for the year of US$240.8 million following the recognition of deferred tax assets from the tax consolidation.

    As of December 31, 2024, Valeura had a strong cash position of US$259.4 million, including US$22.8 million in restricted cash.  The Company continues to operate with no current or non-current debt.  Valeura remains well-positioned for both organic reinvestment opportunities and potential strategic acquisitions.

    Operations Update and Outlook

    During Q4 2024, the Company had ongoing production operations on all of its Gulf of Thailand fields, comprised of the Jasmine, Nong Yao, Manora, and Wassana fields.  The Company has had one drill rig working continuously on contract since Q1 2023 full-time.

    Oil production averaged 26.1 mbbls/d during Q4 2024 (Valeura’s working interest share, before royalties).

    Jasmine/Ban Yen

    Oil production before royalties from the Jasmine/Ban Yen field, in Licence B5/27 (100% operated interest) averaged 8.5 mbbls/d during Q4 2024, an increase of 12% from Q3 2024.  Increased production rates reflect the start-up of five new wells drilled as part of an infill drilling programme, with the last three wells coming onstream in late November 2024.  In addition to adding new production, the Jasmine programme also evaluated several secondary appraisal targets which will be the subject of further infill development drilling in due course. 

    Although the Jasmine field is the most mature asset in the Company’s portfolio, ongoing drilling success underscores the field’s ability to continue serving as a key source of cash generation for the business.  The Q4 Jasmine drilling results have been included in the Company’s reserves evaluation for the year-ended December 31, 2024, and contributed to a further extension in the field’s economic life, which on a 2P reserves basis, now lasts into mid 2031. 

    In February 2025 the drill rig returned to the Jasmine field where it has begun executing a seven-well infill campaign.  In total 10 development and appraisal wells are currently planned for the Jasmine field in 2025 and one exploration well at the Ratree prospect.  In addition, a workover rig is currently operating on the field completing two workovers.

    The low-BTU gas generator was delivered to the Jasmine B platform in Q1 2025 and is expected to be commissioned and operational in Q2 2025.  This creates an opportunity to significantly reduce greenhouse gas emissions from this platform as well as to reduce operating costs by using a waste gas stream for power generation.

    Nong Yao

    At the Nong Yao field, in Licence G11/48 (90% operated working interest), Valeura’s working interest share production before royalties averaged 11.1 mbbls/d, an increase of 18% from Q3 2024.  Q4 production rates benefitted from a full quarter of operations at the Nong Yao C field extension, which came online in August 2024. 

    Performance from Nong Yao C is continuing in line with the Company’s expectations.  The Nong Yao field is now the Company’s largest source of production.  In addition, it also has the Company’s lowest per unit Adjusted Opex and its oil fetches a premium to the Brent benchmark.  As a result, Nong Yao is the Company’s most cash generative asset.

    In 2025, nine development wells are planned across the three Nong Yao platforms.  This programme is expected to commence in late Q2 2025. 

    Wassana

    Oil production at the Wassana field, in Licence G10/48 (100% operated interest), averaged 4.3 mbbls/d (before royalties), an increase of 55% over Q3 2024.  The increase reflects the effect of a full quarter of normal operations at the field, as compared to Q3 2024, during which the Company conducted a one-month precautionary suspension of production while performing underwater inspection work.  There was no drilling on the Wassana field in Q4 and no further drilling is planned at this location for 2025.

    Valeura has completed the front end engineering and design work for the potential redevelopment of the Wassana field.  Detailed contracting and procurement work commenced in late Q4 2024 to validate cost assumptions for the project.  Valeura expects to consider a final investment decision in early Q2 2025. 

    Manora

    At the Manora field, in Licence G1/48 (70% operated working interest), Valeura’s working interest share of oil production before royalties averaged 2.2 mbbls/d, a decrease of 11% from Q3 2024.  During Q4, the Company began a five-well infill drilling campaign on the Manora field, including both production-oriented infill development wells and appraisal targets.  The programme was completed in Q1 2025 and for the month of March to date, working interest share production before royalties has averaged 2.9 mbbls/d.  In addition, several appraisal targets were evaluated, giving rise to between three and five potential future drilling targets, which will be further evaluated for inclusion in a future drilling programme.

    Türkiye

    The Company had no active operations in Türkiye during Q4 2024, however it continues to hold an interest in a potentially large deep gas play in the Thrace basin in the northwest part of the country.  In 2024 the Company received official confirmation that it’s leases and licences covering the play had been extended into 2025, and more recently the Company was granted an additional one-year extension, bringing the expiry date to June 27, 2026.  Following the current period, Valeura may apply for a further two-year extension for appraisal purposes, and has engaged the government in discussions to that effect. 

    The Company believes the Thrace basin deep gas play could be a source of significant value in the longer term.  Valeura intends to farm out a portion of its interest to a new partner in order to jointly pursue the next phase of appraisal work. 

    Reserves and Resources Summary

    The results of Valeura’s third-party independent reserves and resources assessment for its Thailand assets as of December 31, 2024 were announced on February 13, 2025.  Below are summary tables associated with the reserves.

    Summary of Reserves Replacement, Value and Field Life
     
      Gross (Before Royalties) 2P Reserves, Working Interest Share End of Field Life 2P NPV10 After Tax (US$ million)
    Fields December 31, 2023
    (MMbbl)    		 2024 Production
    (MMbbl)    		 Additions
    (MMbbl)    		 December 31, 2024
    (MMbbl)    		 Reserves Replacement Ratio (%) NSAI 2023 Report NSAI 2024 Report December 31, 2023 December 31, 2024
    Jasmine 10.4 (2.9) 9.2 16.8 324% Dec 2028 Aug 2031 81.8 163.9
    Manora 2.2 (0.9) 2.1 3.4 223% Jul 2027 Apr 2030 21.2 45.7
    Nong Yao 12.4 (3.1) 7.7 16.9 245% Dec 2028 Dec 2033 185.6 416.1
    Wassana 12.9 (1.4) 1.5 12.9 102% Jun 2032 Dec 2035 139.9 126.6
    Total 37.9 (8.4) 20.5 50.0 245%     428.5 752.2
    Summary of NPV and NAV
     
      1P NPV10 2P NPV10 3P NPV10
    Before Tax After Tax Before Tax After Tax Before Tax After Tax
    NPV10 (US$ million) 360.7 358.6 933.9 752.2 1,339.1 990.2
    Cash at December 31, 2024 (US$ million)(1) 259.4 259.4 259.4 259.4 259.4 259.4
    Net Asset Value (US$ million) 620.1 618.0 1,193.3 1,011.6 1,598.5 1,249.6
    Common shares (million)(2) 106.65 106.65 106.65 106.65 106.65 106.65
    Estimated NAV per basic share (C$ per share)(3) 8.3 8.3 16.1 13.6 21.5 16.8

     
    (1) Cash at December 31, 2024 of US$259.4 million, debt nil.
    (2) Issued and outstanding common shares as of December 31, 2024
    (3) US$/C$ exchange rate of 1.435 as at December 31, 2024

    Webcast

    Valeura’s management team will host an investor and analyst webcast at 08:00 Calgary / 14:00 London / 21:00 Bangkok / 22:00 Singapore on Wednesday, March 26, 2025 to discuss today’s announcement.  Please register in advance via the link below.

    Registration link:  https://events.teams.microsoft.com/event/aa5e4d6a-cb5f-46da-ab85-0976e3600c84@a196a1a0-4579-4a0c-b3a3-855f4db8f64b

    As an alternative, an audio only feed of the event is available by phone using the Conference ID and dial-in numbers below.

    Thailand: +66 2 026 9035,,922648874#
    Singapore: +65 6450 6302,,922648874#
    Canada: (833) 845-9589,,922648874#
    Türkiye: 0800 142 034779,,922648874#
    United States: (833) 846-5630,,922648874#
    United Kingdom: 0800 640 3933,,922648874#

    Phone conference ID: 922 648 874#

    For further information, please contact:

    Valeura Energy Inc. (General Corporate Enquiries)                       +65 6373 6940
    Sean Guest, President and CEO
    Yacine Ben-Meriem, CFO
    Contact@valeuraenergy.com  

    Valeura Energy Inc. (Investor and Media Enquiries)              +1 403 975 6752 / +44 7392 940495
    Robin James Martin, Vice President, Communications and Investor Relations
    IR@valeuraenergy.com

    Contact details for the Company’s advisors, covering research analysts and joint brokers, including Auctus Advisors LLP, Canaccord Genuity Ltd (UK), Cormark Securities Inc., Research Capital Corporation, and Stifel Nicolaus Europe Limited, are listed on the Company’s website at www.valeuraenergy.com/investor-information/analysts/.

    About the Company

    Valeura Energy Inc. is a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye. The Company is pursuing a growth-oriented strategy and intends to re-invest into its producing asset portfolio and to deploy resources toward further organic and inorganic growth in Southeast Asia. Valeura aspires toward value accretive growth for stakeholders while adhering to high standards of environmental, social and governance responsibility.

    Additional information relating to Valeura is also available on SEDAR+ at www.sedarplus.ca.

    Oil and Gas Advisories

    Reserves and contingent resources disclosed in this news release are based on an independent evaluation conducted by the incumbent independent petroleum engineering firm, NSAI with an effective date of December 31, 2024. The NSAI estimates of reserves and resources were prepared using guidelines outlined in the Canadian Oil and Gas Evaluation Handbook and in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The reserves and contingent resources estimates disclosed in this news release are estimates only and there is no guarantee that the estimated reserves and contingent resources will be recovered.

    This news release contains a number of oil and gas metrics, including “NAV”, “reserves replacement ratio”, “RLI”, and “end of field life” which do not have standardised meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies. Such metrics are commonly used in the oil and gas industry and have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.

    “NAV” is calculated by adding the estimated future net revenues based on a 10% discount rate to net cash, (which is comprised of cash less debt) as of December 31, 2024.  NAV is expressed on a per share basis by dividing the total by basic common shares outstanding. NAV per share is not predictive and may not be reflective of current or future market prices for Valeura.

    “Reserves replacement ratio” for 2024 is calculated by dividing the difference in reserves between the NSAI 2024 Report and the NSAI 2023 Report, plus actual 2024 production, by the assets’ total production before royalties for the calendar year 2024.

    “RLI” is calculated by dividing reserves by management’s estimated total production before royalties for 2025.

    “End of field life” is calculated by NSAI as the date at which the monthly net revenue generated by the field is equal to or less than the asset’s operating cost.

    Reserves

    Reserves are estimated remaining quantities of commercially recoverable oil, natural gas, and related substances anticipated to be recoverable from known accumulations, as of a given date, based on the analysis of drilling, geological, geophysical, and engineering data, the use of established technology, and specified economic conditions, which are generally accepted as being reasonable. Reserves are further categorised according to the level of certainty associated with the estimates and may be sub-classified based on development and production status.

    Proved reserves are those reserves that can be estimated with a high degree of certainty to be recoverable. It is likely that the actual remaining quantities recovered will exceed the estimated proved reserves.

    Developed reserves are those reserves that are expected to be recovered from existing wells and installed facilities or, if facilities have not been installed, that would involve a low expenditure (e.g., when compared to the cost of drilling a well) to put the reserves on production.

    Developed producing reserves are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

    Developed non-producing reserves are those reserves that either have not been on production, or have previously been on production, but are shut in, and the date of resumption of production is unknown.

    Undeveloped reserves are those reserves expected to be recovered from known accumulations where a significant expenditure (e.g., when compared to the cost of drilling a well) is required to render them capable of production. They must fully meet the requirements of the reserves classification (proved, probable, possible) to which they are assigned.

    Probable reserves are those additional reserves that are less certain to be recovered than proved reserves. It is equally likely that the actual remaining quantities recovered will be greater or less than the sum of the estimated proved plus probable reserves.

    Possible reserves are those additional reserves that are less certain to be recovered than probable reserves. It is unlikely that the actual remaining quantities recovered will exceed the sum of the estimated proved plus probable plus possible reserves. There is a 10% probability that the quantities actually recovered will equal or exceed the sum of the estimated proved plus probable plus possible reserves.

    The estimated future net revenues disclosed in this news release do not necessarily represent the fair market value of the reserves associated therewith.

    The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to the effects of aggregation.

    Contingent Resources

    Contingent resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations using established technology or technology under development, but which are not currently considered to be commercially recoverable due to one or more contingencies. Contingencies are conditions that must be satisfied for a portion of contingent resources to be classified as reserves that are: (a) specific to the project being evaluated; and (b) expected to be resolved within a reasonable timeframe.

    Contingent resources are further categorised according to the level of certainty associated with the estimates and may be sub‐classified based on a project maturity and/or characterised by their economic status. There are three classifications of contingent resources: low estimate, best estimate and high estimate. Best estimate is a classification of estimated resources described in the Canadian Oil and Gas Evaluation Handbook as the best estimate of the quantity that will be actually recovered; it is equally likely that the actual remaining quantities recovered will be greater or less than the best estimate. If probabilistic methods are used, there should be at least a 50 percent probability that the quantities actually recovered will equal or exceed the best estimate.

    The project maturity subclasses include development pending, development on hold, development unclarified and development not viable. The contingent resources disclosed in this news release are classified as either development unclarified or development not viable.

    Development unclarified is defined as a contingent resource that requires further appraisal to clarify the potential for development and has been assigned a lower chance of development until commercial considerations can be clearly defined. Chance of development is the likelihood that an accumulation will be commercially developed.

    Conversion of the development unclarified resources referred to in this news release is dependent upon (1) the expected timetable for development; (2) the economics of the project; (3) the marketability of the oil and gas production; (4) the availability of infrastructure and technology; (5) the political, regulatory, and environmental conditions; (6) the project maturity and definition; (7) the availability of capital; and, ultimately, (8) the decision of joint venture partners to undertake development.

    The major positive factor relevant to the estimate of the contingent development unclarified resources referred to in this news release is the successful discovery of resources encountered in appraisal and development wells within the existing fields. The major negative factors relevant to the estimate of the contingent development unclarified resources referred to in this news release are: (1) the outstanding requirement for a definitive development plan; (2) current economic conditions do not support the resource development; (3) limited field economic life to develop the resources; and (4) the outstanding requirement for a final investment decision and commitment of all joint venture partners.

    Development not viable is defined as a contingent resource where no further data acquisition or evaluation is currently planned and hence there is a low chance of development, there is usually less than a reasonable chance of economics of development being positive in the foreseeable future. The major negative factors relevant to the estimate of development not viable referred to in this news release are: (1) current economic conditions do not support the resource development; and (2) availability of technical knowledge and technology within the industry to economically support resource development.

    If these contingencies are successfully addressed, some portion of these contingent resources may be reclassified as reserves.

    Of the best estimate 2C contingent resources estimated in the NSAI 2024 Report, on a risked basis: 74% of the estimated volumes are light/medium crude oil, with the remainder being heavy oil; 77% are categorised as Development Unclarified, with the remainder being Development Not Viable.  Development Unclarified 2C resources have been assigned an average chance of development for the four fields ranging from 30% to 50% depending on oil type, while 2C Development Not Viable resources have been assigned an average chance of development ranging from 16% to 17%.

    Resources Project
    Maturity Subclass    		 Light and Medium Crude Oil
    (Development Unclarified)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Unclarified 8,267 7,334 3,108 2,742 38 %
    Contingent Best Estimate (2C) Development Unclarified 14,178 12,538 4,227 3,728 30 %
    Contingent High Estimate (3C) Development Unclarified 21,072 18,644 5,289 4,673 25 %
    Resources Project
    Maturity Subclass    		 Heavy Crude Oil
    (Development Unclarified)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Unclarified 7,807 7,358 4,045 3,813 52 %
    Contingent Best Estimate (2C) Development Unclarified 10,641 10,029 5,325 5,018 50 %
    Contingent High Estimate (3C) Development Unclarified 14,524 13,689 6,560 6,182 45 %
    Resources Project
    Maturity Subclass    		 Light and Medium Crude Oil
    (Development Not Viable)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Not Viable 11,294 10,502 1,694 1,575 15 %
    Contingent Best Estimate (2C) Development Not Viable 21,539 19,965 3,652 3,319 17 %
    Contingent High Estimate (3C) Development Not Viable 33,503 30,964 5,363 4,802 16 %
    Resources Project
    Maturity Subclass    		 Heavy Crude Oil
    (Development Not Viable)    		 Chance of Development (%)
    Unrisked Risked
    Gross (Mbbl) Net (Mbbl) Gross (Mbbl) Net (Mbbl)
    Contingent Low Estimate (1C) Development Not Viable 2,069 1,950 310 293 15 %
    Contingent Best Estimate (2C) Development Not Viable 2,091 1,971 341 321 16 %
    Contingent High Estimate (3C) Development Not Viable 3,003 2,830 815 768 27 %

    The NSAI estimates have been risked, using the chance of development, to account for the possibility that the contingencies are not successfully addressed.  Due to the early stage of development for the development unclarified resources, NSAI did not perform an economic analysis of these resources; as such, the economic status of these resources is undetermined and there is uncertainty that any portion of the contingent resources disclosed in this new release will be commercially viable to produce.

    Glossary   

    bbl barrels of oil
    Mbbl thousand barrels of oil
    MMbbl  million barrels of oil
       

    Advisory and Caution Regarding Forward-Looking Information

    Certain information included in this news release constitutes forward-looking information under applicable securities legislation. Such forward-looking information is for the purpose of explaining management’s current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “target” or similar words suggesting future outcomes or statements regarding an outlook.

    Forward-looking information in this news release includes, but is not limited to, the profitability of the Nong Yao asset, relative to rest of the Company’s portfolio; the increase in the number of future development well locations; the estimated net asset value of the Company; the belief that an investment in Valeura’s shares represents an excellent value proposition; Valeura’s expectation that it will benefit from a more efficient tax structure as a result of the corporate restructuring; the inclusion of appraisal-led drilling targets in further infill development drilling programmes; the ability for Jasmine to continue serving as a key source of cash generation; timing to commission the low-BTU gas generator and to reduce greenhouse gas emissions and operating costs; planned drilling and well workovers in 2025; timing to consider a final investment decision on the Wassana field redevelopment project; and the Company’s belief that the Thrace basin deep gas play could be a source of significant value in the longer term.  In addition, statements related to “reserves” and “resources” are deemed to be forward-looking information as they involve the implied assessment, based on certain estimates and assumptions, that the resources can be discovered and profitably produced in the future.

    Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information is based on management’s current expectations and assumptions regarding, among other things: political stability of the areas in which the Company is operating; continued safety of operations and ability to proceed in a timely manner; continued operations of and approvals forthcoming from governments and regulators in a manner consistent with past conduct; ability to achieve extensions to licences in Thailand and Türkiye to support attractive development and resource recovery; future drilling activity on the required/expected timelines; the prospectivity of the Company’s lands; the continued favourable pricing and operating netbacks across its business; future production rates and associated operating netbacks and cash flow; decline rates; future sources of funding; future economic conditions; the impact of inflation of future costs; future currency exchange rates; interest rates; the ability to meet drilling deadlines and fulfil commitments under licences and leases; future commodity prices; the impact of the Russian invasion of Ukraine; the impact of conflicts in the Middle East; royalty rates and taxes; management’s estimate of cumulative tax losses being correct; future capital and other expenditures; the success obtained in drilling new wells and working over existing wellbores; the performance of wells and facilities; the availability of the required capital to funds its exploration, development and other operations, and the ability of the Company to meet its commitments and financial obligations; the ability of the Company to secure adequate processing, transportation, fractionation and storage capacity on acceptable terms; the capacity and reliability of facilities; the application of regulatory requirements respecting abandonment and reclamation; the recoverability of the Company’s reserves and contingent resources; future growth; the sufficiency of budgeted capital expenditures in carrying out planned activities; the impact of increasing competition; the availability and identification of mergers and acquisition opportunities; the ability to successfully negotiate and complete any mergers and acquisition opportunities; the ability to efficiently integrate assets and employees acquired through acquisitions; global energy policies going forward; international trade policies; future debt levels; and the Company’s continued ability to obtain and retain qualified staff and equipment in a timely and cost efficient manner. In addition, the Company’s work programmes and budgets are in part based upon expected agreement among joint venture partners and associated exploration, development and marketing plans and anticipated costs and sales prices, which are subject to change based on, among other things, the actual results of drilling and related activity, availability of drilling, offshore storage and offloading facilities and other specialised oilfield equipment and service providers, changes in partners’ plans and unexpected delays and changes in market conditions. Although the Company believes the expectations and assumptions reflected in such forward-looking information are reasonable, they may prove to be incorrect.

    Forward-looking information involves significant known and unknown risks and uncertainties. Exploration, appraisal, and development of oil and natural gas reserves and resources are speculative activities and involve a degree of risk. A number of factors could cause actual results to differ materially from those anticipated by the Company including, but not limited to: the ability of management to execute its business plan or realise anticipated benefits from acquisitions; the risk of disruptions from public health emergencies and/or pandemics; competition for specialised equipment and human resources; the Company’s ability to manage growth; the Company’s ability to manage the costs related to inflation; disruption in supply chains; the risk of currency fluctuations; changes in interest rates, oil and gas prices and netbacks; the risk that the Company’s tax advisors’ and/or auditors’ assessment of the Company’s cumulative tax losses varies significantly from management’s expectations of the same; potential changes in joint venture partner strategies and participation in work programmes; uncertainty regarding the contemplated timelines and costs for work programme execution; the risks of disruption to operations and access to worksites; potential changes in laws and regulations, including international treaties and trade policies; the uncertainty regarding government and other approvals; counterparty risk; the risk that financing may not be available; risks associated with weather delays and natural disasters; and the risk associated with international activity. See the most recent annual information form and management’s discussion and analysis of the Company for a detailed discussion of the risk factors.

    Certain forward-looking information in this news release may also constitute “financial outlook” within the meaning of applicable securities legislation. Financial outlook involves statements about Valeura’s prospective financial performance or position and is based on and subject to the assumptions and risk factors described above in respect of forward-looking information generally as well as any other specific assumptions and risk factors in relation to such financial outlook noted in this news release. Such assumptions are based on management’s assessment of the relevant information currently available, and any financial outlook included in this news release is made as of the date hereof and provided for the purpose of helping readers understand Valeura’s current expectations and plans for the future. Readers are cautioned that reliance on any financial outlook may not be appropriate for other purposes or in other circumstances and that the risk factors described above or other factors may cause actual results to differ materially from any financial outlook.

    The forward-looking information contained in this news release is made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction, including where such offer would be unlawful. This news release is not for distribution or release, directly or indirectly, in or into the United States, Ireland, the Republic of South Africa or Japan or any other jurisdiction in which its publication or distribution would be unlawful.

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

    This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

    The MIL Network –

  • MIL-OSI Africa: Congo Energy & Investment Forum (CEIF): CLG Workshop Offers Insight into Congo’s Legal Framework

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), March 24, 2025/APO Group/ —

    Pan-African legal firm CLG – formerly Centurion Law Group – led a workshop during the inaugural Congo Energy & Investment Forum (CEIF) on the country’s legal and fiscal frameworks. The workshop – Mastering Business in Congo: Challenges and Strategic Solutions for Success –  delved into strategies investors can deploy to navigate the Republic of Congo’s business environment as the country prepares to launch an international licensing round.

    As a leading provider of specialized legal and tax advisory services, CLG – a Legal Partner of CEIF 2025 – caters to a diverse portfolio of multinational energy companies. With offices in the Republic of Congo, Germany, South Africa, Nigeria, Mauritius, Ghana, Cameroon, Equatorial Guinea, Namibia and South Sudan, the firm delivers bespoke solutions for a variety of challenges faced by oil and gas companies. The CLG workshop underscored how the firm’s expertise can support oil and gas projects in the Republic of Congo as the country targets 500,000 barrels per day of oil.  

    “Our goal is to provide solutions by interpreting regulations, ensuring companies can operate freely. We have advisors across several African countries,” stated Zion Adeoye, CEO and Group Managing Partner, CLG.

    The country’s strong Central African presence and deep knowledge of the associated legal frameworks gives it an edge in the region’s energy landscape. According to Yves Ollivier, Managing Director, CLG Congo, the firm’s services in the region include M&A transactions, due diligence, legal secretariat services for oil and gas companies and expertise in intellectual property and immigration laws.

    “We provide legal opinions in various fields, including employment law, corporate structuring and contract negotiations,” he explained.

    In addition to these services, CLG has strong expertise in taxation. Daoudou Mohammad, Director: Tax and Legal, CLG Congo, explained that the firm assists companies with tax compliance, fiscal advisory services and global tax audits. “We conduct comprehensive tax reviews and offer targeted training upon request,” he said.

    For the Republic of Congo, these services will play a key role in facilitating investment, advancing projects and realizing the country’s energy production goals. Given the complexity of the oil and gas sector, understanding the potential challenges associated with the industry is vital.  

    Oneyka Cindy Ojogbo, Deputy Managing Director & Partner, CLG, explained that, “Understanding all contractual details is crucial, especially in the gas sector. We have encountered cases where disputes arose due to poorly negotiated agreements. Anticipating potential legal issues is key to mitigating risks.”

    Additional challenges include misunderstanding of the requisite taxation laws. Mohammad pointed out that many companies fail to consider available tax exemptions, leading to missed opportunities for fiscal optimization. “A thorough assessment of tax incentives can significantly reduce financial burdens. Companies should proactively evaluate their eligibility for exemptions,” he advised.

    MIL OSI Africa –

  • MIL-OSI China: China conducts 450B yuan MLF operation to inject liquidity

    Source: China State Council Information Office

    The People’s Bank of China, the central bank, on Tuesday conducted a 450-billion-yuan (about 62.68 billion U.S. dollars) one-year medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system.

    With 387 billion yuan in MLF funds maturing this month, the move resulted in a net liquidity injection of 63 billion yuan. It is the first net injection through MLF since July 2024.

    The operation indicates a moderately loose monetary policy stance, said Wen Bin, chief economist at China Minsheng Bank. Since the beginning of this year, the central bank has employed various tools to inject liquidity, helping to maintain adequate liquidity and stable interest rates.

    Starting this month, the central bank has adopted a multiple-price bidding method for MLF operations. As a result, it no longer announces a fixed interest rate for the facility.

    The shift to a multiple-price bidding method for MLF operations is seen as a further step in phasing out the MLF rate’s role as a policy signal, experts said.

    Over the past year, the central bank has clarified that the seven-day reverse repo rate is the main policy rate, gradually de-emphasizing the policy intention of other tools.

    Wen noted that the adoption of multiple-price bidding is expected to lower the overall cost of MLF funding. The move will enhance the market-based pricing capabilities of institutions and support the sustainable financing for the real economy. 

    MIL OSI China News –

  • MIL-OSI: 15/2025・Trifork Group: Reporting of transactions made by persons discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 15 / 2025
    Schindellegi, Switzerland – 25 March 2025


    Reporting of transactions made by persons discharging managerial responsibilities

    Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork in connection with fixed salaries paid in shares. Reference is made to company announcement no. 1/2025 on 21 January 2025.

    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Jørn Larsen
    2. Reason for the notification
    a) Position/status CEO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 25% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 1’068
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 25 March 2025
    f) Place of the transaction Outside a trading venue
    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Kristian Wulf-Andersen
    2. Reason for the notification
    a) Position/status CFO
    b) Initial notification/
    Amendment    		 Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    		 Shares

    ISIN CH1111227810
    b) Nature of the transaction A share of 10% of the fixed monthly salary is paid out in shares as described in the company announcement no. 1/2025.
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 0 284
    d) Aggregated information
    —
    Aggregated volume —
    Price    		 N/A
    e) Date of the transaction 25 March 2025
    f) Place of the transaction Outside a trading venue


    Information and questions
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17


    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI Russia: NSU scientists receive RSF grant for development of energy technologies in the context of climate change

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    The Russian Science Foundation has summed up the results of the competition in the priority area of activity “Conducting research by world-class scientific laboratories within the framework of implementing the priorities of scientific and technological development of the Russian Federation.” The Laboratory of Advanced Energy-Efficient Technologies, created under a mega-grant, was among the winners. Faculty of Physics, Novosibirsk State University with the project “Development of energy technologies in the context of climate change” (No. 25-79-30002), headed by Academician of the Russian Academy of Sciences, Head of the Department of Physics of Nonequilibrium Processes at the Physical Department of NSU, Scientific Director of the NSU LabPET and the Institute of Thermal Physics of the Siberian Branch of the Russian Academy of Sciences, Chairman of the National Committee of the Russian Academy of Sciences on Heat and Mass Transfer, laureate of the International Prize “Global Energy” Sergei Alekseenko.

    — Energy is the basis of the economy of any country, regardless of the technological structure. The relevance of the topic of “anthropogenic climate change” is due to the fact that the predominant contribution to global warming, the destruction of the Earth’s ozone layer and climate change in general is made by energy on organic fuel.

    Our project is aimed at solving scientific problems of low-carbon and environmentally friendly energy development, allowing not to create, but to solve environmental and man-made problems of the Russian Federation and, in particular, the energy-rich Siberian region, effectively improving the environment to create more comfortable living conditions for humans. The undoubted advantage of this project is the comprehensive approach to achieving technological development in the energy sector of the Russian economy. Most of the problems addressed by this project are actively discussed in world literature, but the lack of practical solutions related to increasing the energy efficiency of existing technologies together with increasing their sustainability and reliability, in the context of existing climate risks, is repeatedly mentioned, – explained Sergey Alekseenko.

    Currently, the energy sector is undergoing significant transformations, both related to climate change and caused by the overall direction of development to improve the efficiency of hydrocarbon processing and the introduction of new energy sources. Since Russia is in extremely difficult sanctions conditions, there is an urgent need to develop domestic technologies in almost all areas of energy and the economy. The ongoing modernization and improvement of energy efficiency, the development of renewable energy sources and technologies that reduce carbon dioxide emissions, but at a rate that does not exceed the country’s economic capabilities, is becoming an urgent task.

    “The primary objectives of our scientific research are the development of low- and carbon-free energy technologies, as well as increasing the efficiency of energy equipment, which will help reduce the anthropogenic impact on climate change and the destruction of the Earth’s ozone layer,” explained Sergei Alekseenko.

    The project plans to conduct research in five main areas. The first is to increase the efficiency of using solid fossil fuel (coal) — the primary source of heat and electricity in Siberia and the Far East. It is aimed at environmentally friendly combustion of this type of fuel and the use of currently unclaimed low-calorie coal waste through the development of new technologies for separate and joint combustion of coal-water and pulverized coal fuel. To achieve these goals, the scientific foundations and mathematical modeling of promising approaches to environmentally friendly combustion of coal fuel in combustion chambers, the improvement of low-emission vortex technologies for multi-stage combustion and gasification, and the use of machine learning methods will be developed. The development of technology for separate and joint combustion of coal-water and pulverized coal fuel will ensure high boiler efficiency and low emissions of environmentally harmful NOx, which is one of the primary tasks of energy development in the Russian Federation.

    The second area of research is hydrokinetic conversion of natural flow energy: the basis for creating new modern technologies for producing and accumulating energy at pumped storage power plants (PSPP). In this area, it is necessary to achieve a reduction in resistance in the elements of energy structures. Within the framework of the project, scientists will form a scientific basis for creating modern technologies for producing and accumulating energy based on PSPP. The results obtained will contribute to the development of highly efficient energy storage technology, equalization of the heterogeneity of the electrical network load, as well as optimization and implementation of new renewable energy sources.

    The third direction will be devoted to the development of energy technologies based on the utilization of low-potential waste man-made and geothermal heat sources in absorption lithium bromide thermal transformers (ABTT). In this direction, it is planned to conduct a study of heat and mass transfer processes to improve energy efficiency and reduce the metal consumption of ABTT to enhance competitiveness in the domestic market of the Russian Federation. The use of ABTT as heat pumps will significantly reduce fuel consumption and utilize waste heat from enterprises, thermal power facilities and renewable geothermal sources.

    The object of research within the fourth direction of the project will be energy-efficient low-carbon technologies for cultivating microorganisms as a source of thermal energy from biomass with a high growth rate, and a source of unique biologically active compounds, as well as efficient utilization of CO2 emissions and wastewater treatment from organic waste of various agricultural enterprises. The project will develop scientific principles of vortex mixing and technical solutions for efficient cultivation of photosynthetic microorganisms of various systematic groups. The results in this area will allow significant progress in the utilization of CO2 emissions and additional treatment of wastewater from industrial enterprises, especially in regions with high solar intensity (Crimea, Krasnodar Krai).

    Another area of research within the framework of this project will be the development of scientific foundations and technologies for combating icing of load-bearing structures of energy facilities and cable routes in winter climate conditions and in the Arctic regions of the Russian Federation. A system of measures will be developed related to the development of a new technology for the use of superhydrophobic coatings. As a result of the study, scientists plan to determine a combined model of an anti-icing system that is optimal in terms of energy costs and efficiency and to develop a strategy for combating icing.

    — The expected result of the project will be the creation of scientific foundations for increasing the efficiency of energy technologies and the development of a concept for adapting the existing energy infrastructure to climate change. The results obtained in each of the five main areas of the project will contribute to the further development of energy, taking into account the existing climatic zones of our country, — said Sergey Alekseenko.

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

    MIL OSI Russia News –

  • MIL-OSI China: China conducts 450-bln-yuan MLF operation to inject liquidity

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

    BEIJING, March 25 — The People’s Bank of China, the central bank, on Tuesday conducted a 450-billion-yuan (about 62.68 billion U.S. dollars) one-year medium-term lending facility (MLF) operation to maintain ample liquidity in the country’s banking system.

    With 387 billion yuan in MLF funds maturing this month, the move resulted in a net liquidity injection of 63 billion yuan. It is the first net injection through MLF since July 2024.

    The operation indicates a moderately loose monetary policy stance, said Wen Bin, chief economist at China Minsheng Bank. Since the beginning of this year, the central bank has employed various tools to inject liquidity, helping to maintain adequate liquidity and stable interest rates.

    Starting this month, the central bank has adopted a multiple-price bidding method for MLF operations. As a result, it no longer announces a fixed interest rate for the facility.

    The shift to a multiple-price bidding method for MLF operations is seen as a further step in phasing out the MLF rate’s role as a policy signal, experts said.

    Over the past year, the central bank has clarified that the seven-day reverse repo rate is the main policy rate, gradually de-emphasizing the policy intention of other tools.

    Wen noted that the adoption of multiple-price bidding is expected to lower the overall cost of MLF funding. The move will enhance the market-based pricing capabilities of institutions and support the sustainable financing for the real economy.

    MIL OSI China News –

  • MIL-OSI China: Report highlights China’s role in international communication submarine cable construction, protection

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

    Report highlights China’s role in international communication submarine cable construction, protection

    BEIJING, March 25 — Chinese companies have emerged as key players in global submarine cable equipment manufacturing, construction, and maintenance after years of development, a report said on Tuesday.

    Titled “Report on China’s Participation in the Construction and Protection of International Communication Submarine Cables,” the document was published by the China Academy of Information and Communications Technology.

    The involvement of Chinese enterprises has effectively reduced the cost of network access, ensured smooth global connectivity, and accelerated the growth of the digital economy, the report said.

    MIL OSI China News –