NewzIntel.com

Category: Finance

  • MIL-OSI: ConnectOne Bancorp Strengthens Executive Leadership By Appointing Legal Advisor Robert Schwartz to General Counsel

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD CLIFFS, N.J., June 25, 2025 (GLOBE NEWSWIRE) — ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the “Company” or “ConnectOne”), parent company of ConnectOne Bank (the “Bank”), announced the appointment of Robert A. Schwartz as General Counsel, effective June 1, 2025. This strategic appointment reinforces ConnectOne’s commitment to strengthening executive leadership capabilities as it accelerates growth following the successful completion of its merger with First of Long Island Corporation (formerly Nasdaq: FLIC).

    A recognized leader in the banking industry with deep expertise in mergers and acquisitions, securities law, and bank regulatory frameworks, Schwartz brings decades of legal and strategic experience to ConnectOne. In this role, he will advise the Board of Directors and executive leadership on legal, regulatory and business risks in an evolving operating environment. The appointment comes at a pivotal time for ConnectOne, as the Company recently reached nearly $14 billion in assets.

    Schwartz has served as a trusted legal advisor to ConnectOne since its inception, playing a foundational role in the Bank’s formation, IPO and multiple transactions throughout its 20-year history.

    “Mr. Schwartz has been an integral player to the bank since day one, and we look forward to working with him in this new capacity,” said Frank Sorrentino III, ConnectOne’s Chairman & CEO. “His ability to balance legal acumen with business strategy will be instrumental in driving the success of the newly expanded institution as we prepare for our next chapter of growth. Bringing someone of his caliber in-house reflects the strength of our platform and our focus on building an industry-leading leadership team.”

    “After two decades of helping ConnectOne navigate many major milestones—from our formation to our IPO to strategic acquisitions—I’m energized to now lead our legal strategy from within,” said Schwartz. “This transition from trusted advisor to executive team member is a testament to ConnectOne’s ambitious vision. Together, we’re positioned to capitalize on the growing opportunities in today’s dynamic banking landscape.”

    Prior to joining the bank, Schwartz served as a Partner at Windels Marx, where he specialized in advising financial institutions on mergers and acquisitions, and bank regulatory and securities law. Schwartz holds a J.D. from Fordham Law School and a B.A. from Fordham University. He is a member of both the New Jersey and New York Bar.

    About ConnectOne Bancorp, Inc.
    ConnectOne Bancorp, Inc., is a modern financial services company that operates, through its subsidiary, ConnectOne Bank, and the Bank’s fintech subsidiary, BoeFly, Inc. ConnectOne Bank is a high-performing commercial bank offering a full suite of banking & lending products and services that focus on small to middle-market businesses. BoeFly, Inc. is a fintech marketplace that connects borrowers in the franchise space with funding solutions through a network of partner banks. ConnectOne Bancorp, Inc. is traded on the Nasdaq Global Market under the trading symbol “CNOB,” and information about ConnectOne may be found at https://www.connectonebank.com.

    Investor Contact:

    William S. Burns
    Senior Executive VP & CFO
    201.816.4474: bburns@cnob.com

    Media Contact:

    Shannan Weeks, MWW
    732.299.7890: sweeks@mww.com

    The MIL Network –

  • MIL-OSI: Boralex recognized as Best Corporate Citizen in Canada by Corporate Knights

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, June 25, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is proud to announce that it has been named the top company in Corporate Knights’ annual ‘Best 50 Corporate Citizens’ ranking in Canada. This ranking recognizes companies that demonstrate outstanding leadership and commitment to sustainable development. This achievement highlights the importance Boralex places on corporate responsibility, which lies at the core of its business strategy.

    ‘‘Boralex’s approach is based on a clear vision: to contribute to a renewable energy future, while ensuring a safe, inclusive and responsible work environment and committing to a net-zero trajectory by 2050. This vision is reiterated in the Company’s 2030 Strategy, unveiled last week. Receiving this recognition from Corporate Knights encourages us to continue our efforts in this direction, particularly in a context where climate risk remains one of the main business risks on a global scale’’, said Patrick Decostre, President and Chief Executive Officer of Boralex.

    ‘‘This ranking represents a collective achievement, the result of sustained collaboration with all our stakeholders. It reflects our teams’ unwavering commitment to embedding social responsibility at the core of our strategic decisions, as well as the invaluable support of our host communities, clients, partners, and investors. We also commend the performance of the other companies featured in this ranking and their commitments to building a more sustainable shared future,’’ added Mihaela Stefanov, Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility of Boralex.

    Corporate Knights evaluates the annual performance of nearly 350 Canadian companies on 33 key global performance indicators. The full Corporate Knights methodology is available on their website, and all Boralex data used in the evaluation is available on the Corporate Knights platform. Among other things, Boralex excelled in the following indicators (year 2023):

    • Sustainable revenue
    • Sustainable investment
    • Existence of a sustainability pay link mechanism
    • GHG Productivity
    • Gender diversity on board of directors

    Boralex unveiled its most recent Corporate Social Responsibility (CSR) Report last February. Among the highlights for the year, the Company reviewed its talent acquisition process for inclusive recruitment, won the ‘Workforce Development’ award at Nergica’s Reconnaissance renewable energy gala for its wind maintenance training program for Innus and obtained approval of its greenhouse gas emission reduction targets from the Science-based Target Initiative (SBTi). More details on Boralex’s CSR strategy are available on its website.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438 883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514 213-1045
    stephane.milot@boralex.com
       

    Source: Boralex inc.        

    The MIL Network –

  • MIL-OSI: AGF Management Limited Declares Second Quarter 2025 Dividend

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) — On June 24, 2025, the Board of Directors of AGF Management Limited declared a dividend of 12.5 cents per share on both the Class B Non-Voting shares and the Class A Voting common shares of the company. This dividend will be payable on July 17, 2025 to shareholders of record on July 3, 2025.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    The MIL Network –

  • MIL-OSI: AGF Management Limited Reports Second Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, June 25, 2025 (GLOBE NEWSWIRE) —

    • Reported quarterly adjusted diluted earnings per share of $0.39
    • Total assets under management and fee-earning assets of $53.5 billion
    • Declared quarterly dividend per share to 12.5 cents

    AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2025.

    AGF reported total assets under management and fee-earning assets1 of $53.5 billion compared to $53.8 billion as at February 28, 2025 and $47.8 billion as at May 31, 2024.

    “We remain focused and continue to deliver despite ongoing economic and political uncertainty, supported by a long-term perspective that has enabled us to stay resilient and strategically positioned for sustained growth across our three business lines,” said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. “As we look to the second half of the year, we are confident that our disciplined approach will allow us to respond to market shifts, deliver consistent results and drive long-term success.”

    AGF’s mutual fund gross sales were $1,148 million for the quarter compared to $1,568 million in the previous quarter and $934 million in the prior year quarter. Retail mutual fund2 net sales were $65 million compared to $342 million in the previous quarter and net redemptions of $112 million in the prior year quarter.

    “Through a challenging environment, we experienced our fourth consecutive quarter of positive retail mutual fund and mutual fund net sales outpacing the industry,” said Judy Goldring, President and Head of Global Distribution, AGF. “These results and our recent Wealth Professional Award for Mutual Fund Provider of the Year are a testament to our evolving and innovative product lineup as well as our dedication to delivering exceptional value to our clients.”

    1 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.
    2 Retail mutual fund net sales (redemptions) are calculated as reported mutual fund net sales (redemption) less non-recurring institutional net sales (redemptions) in excess of $5 million invested in our mutual funds.
       

    Financial and Key Business Highlights:

    • Adjusted EBITDA3 for the three months ended May 31, 2025 was $39.5 million, compared to $47.9 million for the three months ended February 28, 2025 and $37.0 million for the comparative prior year period.
    • Net management, advisory and administration fees3 for the three months ended May 31, 2025 was $83.8 million, compared to $85.2 million for the three months ended February 28, 2025 and $81.2 million for the comparative prior year period.
    • Adjusted revenue from AGF Capital Partners3 for the three months ended May 31, 2025 was $14.6 million, compared to $23.6 million for the three months ended February 28, 2025 and $12.0 million for the comparative prior year period. Revenue from AGF Capital Partners can be variable quarter to quarter and can be impacted by fair value adjustments, timing of monetizations and cash distributions as well as performance fees and carried interest.
    • Adjusted selling, general and administrative costs3 for the three months ended May 31, 2025 was $59.5 million, compared to $63.6 million for the three months ended February 28, 2025 and $60.0 million for the comparative prior year period. The decrease in adjusted SG&A from prior quarter is driven by lower performance-based compensation, timing of expenses and market environment.
    • Adjusted net income attributable to equity owners3 for the three months ended May 31, 2025 was $26.0 million ($0.39 adjusted diluted EPS), compared to $32.1 million ($0.48 adjusted diluted EPS) for the three months ended February 28, 2025 and $23.6 million ($0.35 adjusted diluted EPS) for the comparative prior year period.
    • At the 2025 Wealth Professional Awards, AGF was named Mutual Fund Provider of the Year. The firm was also honoured as an Excellence Awardee in the Employer of Choice category.
    • In May, AGF Investments Inc. announced proposed changes to the investment objectives of AGF Short-Term Income Class and AGF Global Sustainable Growth Equity Fund, subject to securityholder approval at special meetings to be held on or about June 26, 2025.
    • This quarter, AGF Investments Inc announced lower management and administration fees and risk ratings for certain funds. These changes build on the firm’s commitment to continually reviewing its product line-up to ensure its offerings are responsive to market trends and competitively priced.
                                 
      Three months ended Six months ended
        May 31,     Feb. 28,     May 31,     May 31,     May 31,
    (in millions of Canadian dollars, except per share data)   2025     2025     2024     2025     2024
                                 
    Revenues                            
    Management, advisory and administration fees $ 119.5   $ 122.8   $ 116.4   $ 242.3   $ 225.0
    Trailing commissions and investment advisory fees   (35.7)     (37.6)     (35.2)     (73.3)     (68.9)
    Net management, advisory and administration fees3 $ 83.8   $ 85.2   $ 81.2   $ 169.0   $ 156.1
    Deferred sales charges   1.0     1.2     1.9     2.2     3.9
    Adjusted revenue from AGF Capital Partners3   14.6     23.6     12.0     38.2     36.4
    Other revenue (loss)3   (0.4)     1.5     1.9     1.1     3.6
    Total adjusted net revenue3   99.0     111.5     97.0     210.5     200.0
                                 
    Selling, general and administrative   62.8     67.8     68.2     130.6     126.1
    Adjusted selling, general and administrative3   59.5     63.6     60.0     123.1     113.5
                                 
    EBITDA3   36.2     44.2     26.6     80.4     71.7
    Adjusted EBITDA3   39.5     47.9     37.0     87.4     86.5
                                 
    Net income – equity owners of the Company   24.3     30.9     18.1     55.2     48.6
    Adjusted net income – equity owners of the Company3   26.0     32.1     23.6     58.1     57.3
                                 
    Diluted earnings per share   0.36     0.46     0.27     0.82     0.73
                                 
    Adjusted diluted earnings per share3   0.39     0.48     0.35     0.87     0.86
                                 
    Free cash flow3   24.0     31.6     23.7     55.6     44.9
                                 
    Dividends per share   0.125     0.115     0.110     0.365     0.225
                                 
                                 
      Three months ended
        May 31,     Feb. 28,     Nov. 30,     Aug. 31,     May 31,
    (in millions of Canadian dollars)   2025     2025     2024     2024     2024
                                 
    Mutual fund assets under management (AUM)4 $ 30,975   $ 31,167   $ 30,662   $ 28,104   $ 26,961
    ETFs and SMA AUM   2,771     2,913     2,537     2,128     1,800
    Segregated accounts and sub-advisory AUM   6,448     6,529     6,977     6,430     6,313
    Total AGF Investments AUM   40,194     40,609     40,176     36,662     35,074
    AGF Private Wealth AUM   8,568     8,623     8,567     8,186     8,026
    AGF Capital Partners AUM   2,600     2,468     2,752     2,774     2,663
    Total AUM $ 51,362   $ 51,700   $ 51,495   $ 47,622   $ 45,763
    AGF Capital Partners fee-earning assets5   2,112     2,142     2,111     2,080     2,081
    Total AUM and fee-earning assets5 $ 53,474   $ 53,842   $ 53,606   $ 49,702   $ 47,844
                                 
    Mutual fund net sales (redemptions)4   18     258     5     14     (112)
    Retail mutual fund net sales (redemptions)2   65     342     14     19     (112)
    Average daily mutual fund AUM4   29,770     30,853     29,173     27,542     26,604
    3 Net management, advisory and administration fees, adjusted revenue from AGF Capital Partners, total net revenue, adjusted selling, general and administrative, EBITDA, adjusted EBITDA, adjusted net income, adjusted diluted earnings per share and free cash flow are not standardized measures prescribed by IFRS. The Company utilizes non-IFRS measures to assess our overall performance and facilitate a comparison of quarterly and full-year results from period to period. They allow us to assess our investment management business without the impact of non-operational items. These non-IFRS measures may not be comparable with similar measures presented by other companies. These non-IFRS measures and reconciliations to IFRS, where necessary, are included in the Management’s Discussion and Analysis available at www.agf.com.
    4 Mutual fund AUM includes retail AUM and institutional client AUM invested in customized series offered within mutual funds.
    5 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.
       

    For further information and detailed financial statements for the second quarter ended May 31, 2025, including Management’s Discussion and Analysis, which contains discussions of non-IFRS measures, please refer to AGF’s website at www.agf.com under ‘About AGF’ and ‘Investor Relations’ and at www.sedarplus.com.

    Conference Call

    AGF will host a conference call to review its earnings results today at 11 a.m. ET.

    The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/m4th2gij. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

    A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $53 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    About AGF Capital Partners

    AGF Capital Partners is AGF’s multi-boutique alternatives business with Affiliate Managers across both private assets and alternative strategies across both private assets and alternative strategies. Clients benefit from the specialized investment expertise of Affiliate Managers1 combined with the organizational support and breadth of resources of AGF Management Limited (AGF). With over 18 years average experience, AGF Capital Partners Affiliate Managers including, Kensington Capital Partners Limited, New Holland Capital, LLC and AGF SAF Private Credit, manage approximately C$13.7 billion* in alternative AUM and fee earning assets on behalf of institutional and retail clients. Affiliate Manager AUM may not be consolidated into AGF Management Limited’s reported AUM.

    *U.S. AUM converted FX rate at May 31, 2025 (1.38)

    1 The term ‘Affiliate Manager’ refers to any partner regardless of relationship structures or revenue sharing agreements. The form of AGF’s structured partnership interests in Affiliate Managers differs from Affiliate Manager to Affiliate Manager. The structure of the relationship with a particular Affiliate Manager, or the revenue that AGF agrees to share in, may change. Affiliate Managers only provide investment advisory services or offer products in the jurisdiction where such firm, individuals and/or product is registered or authorized to provide such services.

    Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    AGF Management Limited shareholders, analysts and media, please contact:

    Nick Smerek
    VP, Financial Planning & Analysis
    416-865-4337, InvestorRelations@agf.com

    Caution Regarding Forward-Looking Statements

    This press release includes forward-looking statements about the Company, including its business operations, strategy and expected financial performance and condition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects,’ ‘estimates,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘believes’ or negative versions thereof and similar expressions, or future or conditional verbs such as ‘may,’ ‘will,’ ‘should,’ ‘would’ and ‘could.’ In addition, any statement that may be made concerning future financial performance (including income, revenues, earnings or growth rates), ongoing business strategies or prospects, fund performance, and possible future action on our part, is also a forward-looking statement. Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, business prospects, business performance and opportunities. While we consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about our operations, economic factors and the financial services industry generally. They are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements made by us due to, but not limited to, important risk factors such as level of assets under our management, volume of sales and redemptions of our investment products, performance of our investment funds and of our investment managers and advisors, client-driven asset allocation decisions, pipeline, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, technological changes, cybersecurity, the possible effects of war or terrorist activities, outbreaks of disease or illness that affect local, national or international economies, natural disasters and disruptions to public infrastructure, such as transportation, communications, power or water supply or other catastrophic events, and our ability to complete strategic transactions and integrate acquisitions, and attract and retain key personnel. We caution that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Other than specifically required by applicable laws, we are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete discussion of the risk factors that may impact actual results, please refer to the ‘Risk Factors and Management of Risk’ section of the 2024 Annual MD&A.

    The MIL Network –

  • MIL-OSI Europe: Dutch government presents a coordinated strategy to tackle corruption

    Source: Government of the Netherlands

    News item | 20-06-2025 | 15:20

    The Netherlands cannot afford to be naive in tackling corruption, as criminal organisations depend on corruption to operate. By pressuring or bribing individuals, they gain access to valuable information and can influence and manipulate processes. For this reason, the Minister of Justice and Security and the Minister of the Interior and Kingdom Relations are presenting a government-wide, anti-corruption strategy, as announced in the coalition programme, which builds on existing initiatives that have already delivered proven results. This means that authorities, implementing organisations and businesses in high-risk sectors – such as transport and logistics – will identify and take active steps in relation to their vulnerable business processes and roles. The government is committed to preventing corruption at every level, both in the public and private sectors.

    Minister Van Weel of Justice and Security: ‘Criminals are often after information, data, access to a market or a means to launder money. To achieve that, they need inside help. So they recruit staff – and not in a subtle way. Everyone in a business or organisation needs protection against this. From the municipal officer who issues passports to the port worker checking containers or the haulage company exporting goods. This strategy pushes criminals out and tackles corruption and criminal subversion head-on.’

    Minister Uitermark of the Interior and Kingdom Relations: ‘Fighting corruption is an essential pillar to strengthen the resilience and integrity of public administration. Trust in our government depends on our ability to shield our civil servants and administrators from criminal influence. This anti-corruption strategy must contribute to a safer working environment and, by extension, to a safer society.’ 

    The strategy includes measures, such as designing processes to make it increasingly difficult to ‘do a job for a criminal’, act unethically or commit corruption offences. At flower auctions, for example, drug detection dogs are deployed at unpredictable times to deter drug traffickers from using staff to smuggle drugs through flower shipments. These dogs not only help detect drugs but also empower staff to adopt a firmer position when approached by criminals. Other measures include tighter authorisation controls for IT systems, greatly reducing the risk of access and limiting leaks of information to criminals.

    The Research and Documentation Centre (WODC) is examining where the greatest corruption risks exist in the Netherlands and assessing whether current practices are adequately aligned. The findings are expected early next year. In the meantime, the government is moving ahead with specific processes and sectors whose importance to national security and the economy is so great that we must address them decisively. These at least include central government operations, the issue of travel and identity documents, the resilience of local government officials, and the transport and logistics sectors.

    In addition to robust preventive measures, the government is making sustained investments in the National Police Internal Investigations Department, the Fiscal Intelligence and Investigation Service (FIOD), the Public Prosecution Service and the judiciary to detect and punish corruption and criminal interference. The Netherlands is also working with other EU Member States on an EU anti-corruption directive. It includes various criminal offences, some of which are new, aligns the minimum maximum sentences and limitation periods for corruption across the EU, and contains preventive provisions, such as regular national risk assessments and anti-corruption training for all civil servants and government-affiliated organisations.

    MIL OSI Europe News –

  • MIL-OSI Security: Dozens Charged in South Florida with Federal Firearms and Drug Trafficking Crimes, 80 Firearms and Multiple Kilos of Fentanyl, Other Dangerous Drugs Seized

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    MIAMI – U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida and acting Special Agent in Charge Gordon Mallory of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Miami Field Division announced today the results of a two-month, multi-agency effort targeting repeat offenders in South Florida during a press conference.  

    In April, the ATF launched “Operation Showdown,” an enhanced enforcement initiative focused on combating violent crime and the illegal possession and trafficking of firearms in South Florida. As part of this initiative, ATF personnel from around the country were deployed to work alongside federal and local law enforcement agencies, bringing with them a broad range of expertise—including tactical operations, technical support, and undercover capabilities.

    So far, the ATF-led initiative has resulted in federal charges and arrests of 31 Miami-Dade and Broward County residents with firearms and narcotics trafficking offenses. In total, 80 firearms were seized along with 900 rounds of ammunition. The seized firearms include automatic and semiautomatic weapons, rifles, handguns, and machine gun conversion devices. Additionally, approximately 10 kilograms of illegal narcotics were confiscated, including fentanyl, methamphetamine, cocaine, crack, oxycodone, and others.

    “Drugs and guns continue to fuel the violence that threatens the safety of our community,” said U.S. Attorney O’Byrne. “By prosecuting violent offenders, in close collaboration with ATF and other federal and local law enforcement agencies, we send a clear and unified message that South Florida will not be defined by fear but by safety and justice. I commend the agents and officers that made Operation Showdown a success.”

    “This Enhanced Enforcement Initiative in Southern Florida has resulted in long term results,” said acting Special Agent in Charge Mallory. “ATF will continue to prioritize keeping violent offenders, those who traffic, possess, and utilize firearms illegally, and narcotics traffickers, out of our communities, because it is a critical component of keeping our communities safe.  This targeted program could not have been possible without the support and collaboration from our local and federal partners. ATF strives to foster and maintain these relationships to ensure that we safeguard the public that we serve.”

    U.S. Attorney O’Byrne and acting ATF Miami Special Agent in Charge Mallory acknowledged and commended the investigative support and assistance from the United States Marshals Service, Drug Enforcement Administration, Homeland Security Investigations, Broward Sheriff’s Office, Miami-Dade Sheriff’s Office, and The Fort Lauderdale Police Department.

    The federal cases are being coordinated by Deputy Chief Sharad Motiani of the U.S. Attorney’s Office’s International Narcotics and Money Laundering Section.

    United States v. Bethel, Case No. 25-cr-20256, is being prosecuted by Assistant U.S. Attorney Andrea Montes.

    United States v. Breedlove, Case No. 25-mj-06411, is being prosecuted by Assistant U.S. Attorney Kevin Gerarde.

    United States v. Doe, Case No. 25-mj-06390, is being prosecuted by Assistant U.S. Attorney Nicholas Carre.

    United States v. Downing, Case No. 25-mj-06403, is being prosecuted by Assistant U.S. Attorney Christopher Killoran.

    United States v. Ferdinand, Case No. 25-mj-06409, is being prosecuted by Assistant U.S. Attorney Joseph Mahoney.

    United States v. Graham, Case No. 25-cr-60143, is being prosecuted by Assistant U.S. Attorney Joseph Mahoney.

    United States v. Harris, Case No. 25-cr-20264, is being prosecuted by Assistant U.S. Attorney Audrey Pence Tomanelli.

    United States v. Holmes, Case No. 25-cr-60136, is being prosecuted by Assistant U.S. Attorney Jacob Koffsky.

    United States v. James et al., Case No. 25-cr-20212, is being prosecuted by Assistant U.S. Attorney Kseniya Smychkouskaya.

    United States v. Jefferson, Case No. 25-cr-20206, is being prosecuted by Assistant U.S. Attorney Jacob Koffsky.

    United States v. McIntyre, Case No. 25-cr-20113, is being prosecuted by Assistant U.S. Attorney Jeremy Fugate.

    United States v. Memnon et al., Case No. 25-mj-06406, is being prosecuted by Assistant U.S. Attorney Kevin Gerarde.

    United States v. Moultry, Case No. 25-cr-60131, is being prosecuted by Assistant U.S. Attorney Jeremy Thompson.

    United States v. Rodriguez, Case No. 25-cr-20246, is being prosecuted by Assistant U.S. Attorney Brianna Coakley.

    United States v. Roxton, Case No. 25-mj-06404, is being prosecuted by Assistant U.S. Attorney Joseph Mahoney.

    United States v. Washington et al., Case No. 25-mj-03196, is being prosecuted by Assistant U.S. Attorney Elena Smukler.

    United States v. Williams, Case No. 25-mj-06402, is being prosecuted by Assistant U.S. Attorney Christopher Killoran.

    United States v. Williams, Case No. 25-cr-20112, is being prosecuted by Assistant U.S. Attorney Jeremy Fugate.

    United States v. Worthy, Case No. 25-cr-60139, is being prosecuted by Assistant U.S. Attorney Kseniya Smychkouskaya.

    This case is part of Operation Take Back America a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    The charges contained in indictments and complaints are not evidence of guilt.  Charges are only allegations, and each defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    Note: images on display during the press conference can be viewed here.

    ###

    MIL Security OSI –

  • MIL-OSI: China Medical System Holdings Limited: Proposed Secondary Listing on the Singapore Exchange

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, CHINA, June 25, 2025 (GLOBE NEWSWIRE) — The board of directors of China Medical System Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) announces the proposed secondary listing of the Company’s ordinary shares (“Shares”) on the Singapore Exchange Securities Trading Limited (the “SGX-ST”) by way of introduction (the “Proposed Secondary Listing”). The Proposed Secondary Listing, if proceeded, will not involve issuance of new shares, and the Shares will continue to be primarily listed and traded on the Hong Kong Stock Exchange thereafter.

    The Company has submitted, on a confidential basis, an application to the SGX-ST in relation to the Proposed Secondary Listing. As of the date of this announcement, the Company has not received the eligibility-to-list letter (“ETL”) from the SGX-ST in respect of the Proposed Secondary Listing.

    On June 24, 2025, the Company received the Notice of Overseas Issuance and Listing Filing from the China Securities Regulatory Commission (the “CSRC”) in respect of the Proposed Secondary Listing. 

    The Directors believe that upon completion of the proposed secondary listing on the SGX-ST, the Group will be able to attract funds focusing on Asia-Pacific investments and local capital in Southeast Asia, thereby optimizing the shareholder structure. At the same time, it will also have a more profound impact on the Group’s business development in Southeast Asia and the Middle East. The Group has established Singapore as its regional headquarters for its Southeast Asia and Middle East business, and has set up companies in Singapore covering the entire pharmaceutical value chain of R&D, manufacturing, commercialization and investment, including CMS R&D as the international independent R&D company, PharmaGend as the pharmaceutical manufacturing CMO/CDMO company, Rxilient as the pharmaceutical development, registration and commercialization company, and Singapore Venture Capital as the industrial investment company. These companies work together to provide Southeast Asian patients with more high-quality and affordable treatment options, contribute to the development of the pharmaceutical industry chain in Southeast Asia, enhance the Group’s global reputation and market position, promote the implementation of the Group’s “Glocalization” strategy, and bring additional growth to the Group.

    The Company will make further announcements with respect to the Proposed Secondary Listing as and when necessary in compliance with the applicable laws and regulations.

    The Proposed Secondary Listing is subject to the SGX-ST granting an ETL and the fulfilment of any conditions set out in the ETL. As such, there is no assurance that the Proposed Secondary Listing will proceed to completion. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

    About CMS
    CMS is a platform company linking pharmaceutical innovation and commercialization with strong product lifecycle management capability, dedicated to providing competitive products and services to meet unmet medical needs.

    CMS focuses on the global first-in-class (FIC) and best-in-class (BIC) innovative products, and efficiently promotes the clinical research, development and commercialization of innovative products, enabling the continuous transformation of scientific research into clinical practices to benefit patients.

    CMS deeply engages in several specialty therapeutic fields, and has developed proven commercialization capabilities, extensive networks and expert resources, resulting in leading academic and market positions for its major marketed products. CMS continues to promote the in-depth development of its advantageous specialty fields and expand business boundaries. While strengthening the competitiveness of the cardio-cerebrovascular/gastroenterology business, CMS independently operates its skin health and ophthalmology businesses, aiming to gain leading positions in specialty therapeutic fields, whilst enhancing the scale and efficiency. At the same time, CMS has expanded its business territory to the Southeast Asian market, striving to become a “bridgehead” for global pharmaceutical companies to enter the Southeast Asian market, further escorting the sustainable and healthy development of the Group.

    CMS Disclaimer and Forward-Looking Statements
    This press release is not intended to promote any products to you and is not for advertising purposes. This press release does not recommend any drugs, medical devices and/or indications. If you want to know more about the diagnosis and treatment of specific diseases, please follow the opinions or guidance of your doctor or other medical and health professionals. Any treatment-related decisions made by healthcare professionals should be based on the patient’s specific circumstances and in accordance with the drug package insert.

    This press release which has been prepared by CMS does not constitute any offer or invitation to purchase or subscribe for any securities, and shall not form the basis for or be relied on in connection with any contract or binding commitment whatsoever. This press release has been prepared by CMS based on information and data which it considers reliable, but CMS makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this press release. Certain matters discussed in this press release may contain statements regarding the Group’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Group and the Company is not responsible for such third-party statements and projections.

    Media Contact

    Brand: China Medical System Holdings Ltd.

    Contact: CMS Investor Relations

    Email: ir@cms.net.cn

    Website: https://web.cms.net.cn/en/home/

    Source: China Medical System Holdings Ltd.

    The MIL Network –

  • Sensex, Nifty rise for 2nd day as geopolitical tensions ease, oil prices fall

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets extended their gains for the second straight day on Wednesday, supported by strong buying in media and technology shares.

    Investors were relieved after crude oil prices dropped and tensions between Iran and Israel eased following a ceasefire.

    The Sensex closed 700.4 points higher at 82,755.51, gaining 0.85 per cent. The Nifty also rose by 200.40 points to settle at 25,244.75, up 0.8 per cent.

    Titan Company, M&M, Infosys, Power Grid, TCS and Bharti Airtel emerged as the top gainers on the Sensex, with gains of up to 3.6 per cent.

    On the other hand, BEL, Kotak Mahindra Bank and Axis Bank were the major laggards, falling as much as 3 per cent.

    The broader markets saw a positive trend as well. The Nifty MidCap index gained 0.44 per cent, while the Nifty SmallCap index jumped 1.5 per cent.

    Among sectoral indices, Nifty Media was the top performer with a 1.99 per cent rise, followed by Nifty IT which went up 1.64 per cent, and Nifty Consumer Durables which gained 1.43 per cent.

    Market sentiment improved due to the drop in oil prices and reduced geopolitical risk, which helped boost risk appetite among investors.

    Analysts believe that these developments have brought temporary relief to the markets, despite continued selling by foreign investors.

    Vinod Nair of Geojit Financial Services, said that the easing of tensions in the Middle East and the softening of crude oil prices have played a key role in the market’s recovery.

    “Indian equity markets have staged a recovery, supported by easing geopolitical tensions in the Middle East and a moderation in crude oil prices,” Nair stated.

    He added that domestically, a favourable monsoon forecast, and moderating inflation are further underpinning the optimism.

    Meanwhile, the Indian Rupee traded flat near 86.10 after a sharp rally of over 0.75 seen in the previous session, taking a breather within a narrow range of 86.00-86.15.

    “Market participants are now eyeing upcoming triggers from the US, including the PCE Price Index and GDP data later this week. The Rupee is expected to trade in a range of 85.70 to 86.25,” Jateen Trivedi of LKP Securities mentioned.

    (IANS)

  • MIL-OSI USA: Office of the Governor – News Release – Governor Green Amends Intent-to-Veto List

    Source: US State of Hawaii

    Office of the Governor – News Release – Governor Green Amends Intent-to-Veto List

    Posted on Jun 24, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI
    KA MOKU ʻĀINA O HAWAIʻI
     
    JOSH GREEN, M.D.
    GOVERNOR
    KE KIAʻĀINA
     

    GOVERNOR GREEN AMENDS INTENT-TO-VETO LIST 
     

    FOR IMMEDIATE RELEASE
    June 24, 2025

    HONOLULU – Governor Josh Green, M.D., today added SB 935, Relating to Government, to the 2025 Intent-to-Veto list transmitted to Legislative leadership by the statutorily required June 24 deadline. SB 935 is one of the more complex pieces of legislation to emerge from the 2025 session. By including this bill on the list, it allows the Governor to have the time to make an informed and well-researched decision. The addition of the bill brings the number of bills on the Intent-to-Veto list to 20, as compared to the record number of bills Governor Green has signed from the past session.

    Again, Governor Green is not required to veto every bill indicated on the Intent-to-Veto list, but cannot veto a bill that is not included. The release of this list provides additional time to continue ongoing discussions with key stakeholders concerning implementation and impact. Due to the record-setting number of bills enrolled to the governor this legislative session, potential changes to the state’s federal funding and reduced revenue projections from the Council on Revenues, additional time to analyze bills will ensure each bill is given the nuanced, thoughtful consideration it deserves. Governor Green has until July 9 to issue final vetoes. All other bills will become law by July 9.

    “Let me be clear: of the 320 bills passed by the Legislature this session, 20 are on our Intent-to-Veto list,” said Governor Green. “Our team has completed a review of every measure and the overwhelming majority of legislation will become law. Each bill on today’s list is based on thorough legal and fiscal analysis, and as always, was guided by what will best serve the people of Hawai‘i, protect our resources and strengthen our future.”

    To date, Governor Green has signed more than 200 bills into law benefiting the people and ‘āina of Hawai‘i, with core themes including environmental stewardship, educational access and success, as well as public safety. These represent key focus areas so far; additional bills awaiting signature will build upon this foundation to address state priorities. The remaining bills are on track to become law by July 9.

    Over 300 bills were reviewed by state departments and agencies, the Attorney General and the Governor in the last month. The Governor has until July 9 to issue final vetoes from the list, to sign them into law, or to allow them to become law without his signature.

    The following bills are being considered for vetoes, line-item vetoes, or reductions. Note that line-item vetoes only apply to fiscal bills.

    Fiscal Bills:

    HB126: RELATING TO PROPERTY FORFEITURE

    Bill Description: Increases transparency and accountability surrounding property forfeiture. Clarifies which property is subject to forfeiture. Amends the authorized disposition of forfeited property and the proceeds thereof. Requires the Attorney General to adopt rules necessary to carry out the purpose of the Hawaiʻi Omnibus Criminal Forfeiture Act. Repeals language that requires the Hawaiʻi Omnibus Criminal Forfeiture Act to be construed liberally.

    Veto Rationale: Asset forfeiture serves as a powerful deterrent against and punishment for criminal activity. The one-year deadline to return seized property for which the owner has not been charged with a covered offense, significantly weakens the efficacy of this dual deterrent and punishment. Many covered offenses, including felonies, often involve complex investigations that extend beyond a year, rendering this bill’s one-year deadline for law enforcement to file charges unrealistic. Seized property can serve as critical evidence in investigations, and its return before an investigation’s completion would severely hamper the investigation as well as the administration of justice at large.

    HB300: RELATING TO THE STATE BUDGET

    Bill Description: Appropriates funds for the operating and capital improvement budget of the Executive Branch for fiscal years 2025-2026 and 2026-2027.

    Veto Rationale: Potential shifts in federal funding, coupled with recent projections from the Hawaiʻi Council on Revenues, require the state to reevaluate its budget to ensure essential services and priorities remain supported. Specific line-item reductions based on program feasibility, stability, and sustainability will help the state enter the fiscal year with a balanced budget and sound financial plan.

    HB302: RELATING TO CANNABIS
    Bill Description: Part I: Authorizes DOH to inspect qualifying patient medical records held by the physician, advanced practice registered nurse, or hospice provider who issued a written certification for the qualifying patient. Amends and adds definitions for purposes of the medical use of cannabis law. Clarifies the conditions of use for the medical use of cannabis. For purposes of issuing written certifications, authorizes the establishment of a provider-patient relationship via telehealth and limits the maximum amount of fees that can be assessed by providers. Authorizes the sale of hemp products and accessories for the medical use of cannabis at retail dispensing locations, except in waiting rooms. Clarifies transportation requirements for certain inter-dispensary sales of cannabis and manufactured cannabis products. Part II: Establishes criminal penalties for the unlicensed operation of a medical cannabis dispensary. Part III: Authorizes expenditures from the Medical Cannabis Registry and Regulation Special Fund to fund programs for the mitigation and abatement of nuisances related to illegal cannabis and hemp products and medical cannabis dispensaries and appropriates funds from the Special Fund to the AG’s Drug Nuisance Abatement Unit for these purposes, including establishing positions. Part IV: Beginning 1/1/2028, prohibits the cultivation of cannabis without a cannabis cultivator license issued by DOH.

    Veto Rationale: This administration remains committed to Hawai‘i’s existing medical cannabis program and supports efforts to expand access to medical cannabis for any medical condition. Although this bill’s authorization of medical cannabis certifications via telehealth expands access to medical cannabis, provisions authorizing the inspection of patients’ medical records without warrant constitute a grave violation of privacy. Given that the federal government classifies cannabis as a Schedule I substance, patients’ reasonable fears of repercussions based upon information gained from inspection of their personal medical records may deter patients from participating in the medical cannabis program.

    HB496: RELATING TO MĀMAKI TEA

    Bill Description: Prohibits the use of certain words and misleading Hawaiian imagery, place names, and motifs on the label of a consumer package that contains or includes tea or dried leaves from the plant Pipturus albidus, unless 100% of the tea or dried leaves were cultivated, harvested, and dried in the state. Appropriates funds for a Measurement Standards Inspector position.

    Veto Rationale: While the intent of this measure is to ensure consumer protection and reliable Made in Hawai‘i labeling, the bill imposes overly strict labeling requirements that could harm small businesses and māmaki producers who responsibly blend leaves from multiple sources. Prohibiting the labeling of products composed of less than 100% māmaki tea as “māmaki” ignores the economic contributions of and impacts to producers who mix or process māmaki with other herbs, undermining producers who support local māmaki farmers while meeting broader demand.

    HB796: RELATING TO TAX CREDITS

    Bill Description: Requires that income tax credits existing on 12/31/2025 or established or renewed after 12/31/2025 include a five-year sunset or an annual one-third reduction, beginning with the sixth year of the credit.

    Veto Rationale: This bill would have a significant long-term impact on income tax credits across a variety of industries, including film and television, research, and renewable energy. These tax credits are critical to supporting economic development and diversification, particularly within growing and emerging sectors. Categorically sunsetting income tax credits will not only disincentivize future investors from doing business in Hawai‘i, but will destabilize existing businesses that currently rely upon these tax credits.

    HB1369: RELATING TO TAXATION

    Bill Description: Amends and repeals certain exemptions under the general excise tax and use tax laws.

    Veto Rationale: The amendments to the general excise tax and use tax contained in this bill would impact sugarcane producers, commercial fishing vessels and securities exchanges. Removing the specific tax exemptions afforded to these entities would provide little financial benefit to the state while harming, in particular, sugarcane producers.

    SB583: RELATING TO NAMING RIGHTS

    Bill Description: Allows the naming rights of the Stadium Facility and Convention Center Facility to be leased to any public or private entity. Requires any revenues derived from advertising or marketing in or on the Stadium Facility or Convention Center Facility to be deposited into the appropriate special fund of the facility. Authorizes the display of the name of any entity that leased the naming rights to a stadium operated by the Stadium Authority on the exterior of the stadium.

    Veto Rationale: Pursuant to section 14, article III, of the Hawai‘i State Constitution, each bill may only contain one subject, which must pertain to the bill’s title. The exemption of concessions in the stadium facility and Convention Center from typical concession procurement procedures may violate section 14, article III, of the Hawai‘i State Constitution since the exemption appears to fall outside the titular scope of the bill, naming rights.

    SB589: RELATING TO RENEWABLE ENERGY

    Bill Description: Requires the Public Utilities Commission to establish an installation goal for customer-sited distributed energy resources in the state. Requires the Public Utilities Commission to establish tariffs to achieve the installation goal and for grid services programs, microgrids and community-based renewable energy. Ensures that certain levels of compensation are provided for solar and energy storage exports from customer-sited distributed energy resources as part of grid service programs and requires the Public Utilities Commission to establish grid service compensation values. Clarifies when a person who constructs, maintains, or operates a new microgrid is not considered a public utility. Authorizes wheeling of renewable energy and requires the Public Utilities Commission to establish policies and procedures to implement wheeling and microgrid service tariffs.

    Veto Rationale: Maintaining Hawai‘i’s leadership in clean energy through established goals and initiatives remains a priority. The Public Utilities Commission has already opened or plans to open proceedings relating to microgrid services tariffs and customer-sited distributed energy resources and grid services. The mandates contained in this bill therefore risk duplication and delay of already existing efforts.

    Non-Fiscal Bills:

    HB235: RELATING TO TRAFFIC SAFETY

    Bill Description: Requires the Department of Transportation, after the City and County of Honolulu educates the public and adjusts any systems, to expand the use of photo red light imaging detector systems and automated speed enforcement systems to locations on the North Shore of O‘ahu.

    Veto Rationale: The Department of Transportation has developed specific criteria for the selection of communities within which to implement traffic safety systems. This criteria incorporates data-driven crash, citation and traffic volume metrics, which ensure communities are chosen based on need and potential for greatest impact. Ignoring this criteria in favor of legislatively mandated location selection threatens the integrity of the photo red light imaging detector system and automated speed enforcement system programs.

    HB800: RELATING TO GOVERNMENT

    Bill Description: Provides for the transfer of certain parcels in the Liliha Civic Center area and Iwilei Fire Station area from various state agencies to the City and County of Honolulu. Provides for the transfer of the parcel of land upon which Ali‘i Tower is sited from the City and County of Honolulu to the Department of Land and Natural Resources. Exempts the lands transferred to the Department of Land and Natural Resources from the definition of public lands for purposes of Chapter 171, HRS.

    Veto Rationale: The land transfers provided in the bill would negatively impact the City and County of Honolulu, which relies upon Ali‘i Tower’s land lease revenues and office spaces. Additionally, the state would face indeterminate additional costs, as Ali‘i Tower’s age likely necessitates capital improvements and ongoing maintenance. Although the intent of this bill is to reduce the state’s reliance on private commercial office space, no analysis exists identifying the amount of office space the acquisition of Aliʻi Tower would provide the state.

    HB958: RELATING TO TRANSPORTATION

    Bill Description: Establishes safe riding behaviors for electric bicycles. Prohibits the operation of high-speed electric devices in certain locations. Establishes labeling and signage requirements for electric bicycles. Prohibits the operation of a moped or electric motorcycle in certain locations. Amends the definition of “bicycle” for purposes of county vehicular taxes. Defines “electric bicycle” in place of “low-speed electric bicycle.” Defines “electric micro-mobility device” and requires the same regulations as electric foot scooters to apply to electric micro-mobility devices. Prohibits a person under the age of 16 from operating a class 3 electric bicycle. Authorizes a person under the age of 14 to operate class 2 electric bicycles under supervision. Prohibits a person from riding a class 3 electric bicycle on a sidewalk. Authorizes a person to ride a class 1 or class 2 electric bicycle on a sidewalk under certain circumstances. Prohibits a person from operating a bicycle or electric foot scooter under the age of 18 without a helmet. Repeals the requirement that moped drivers use bicycle lanes and substitutes the term “motor-driven cycle” with the term “motor scooter.”

    Veto Rationale: While mopeds and motorcycles are exempt from the prohibition established within this bill, on “high-speed electric devices” driving on public roadways, electric cars are not exempt. Such a prohibition would likely violate the Commerce Clause and Equal Protection Clause of the United States Constitution and conflict with the administration’s commitment to reducing greenhouse gas emissions.

    HB1296: RELATING TO THE MAJOR DISASTER FUND

    Bill Description: Establishes timely notice and reporting requirements to the Legislature by the Governor regarding the transfer of appropriations to the Major Disaster Fund. Effective 7/1/2025. Sunsets 7/1/2026.

    Veto Rationale: The administration is committed to the transparent, efficient management of state funds. During times of emergency, flexibility and the quick release of funds is necessary to respond to rapidly changing situations. This bill disrupts the delicate balance between reporting requirements facilitating government transparency and fiscal flexibility undergirding efficient response and recovery efforts. Placing additional administrative oversight over funds expended for emergencies jeopardizes public safety.

    SB15: RELATING TO HISTORIC PRESERVATION

    Bill Description: Amends the definition of “historic property” to require that the property is over 50 years old and meets the criteria for inclusion in the Hawaiʻi Register of Historic Places. Excludes proposed projects on existing residential property and proposed projects that are in nominally sensitive areas from the State’s Historic Preservation Program review, under certain circumstances.

    Veto Rationale: Exempting proposed projects on any existing residential property from historic preservation review fails to consider properties that have never undergone such a review and may contain historically significant artifacts or iwi kūpuna. This categorical exclusion increases the risk for desecration of iwi kūpuna and historical resources. Although Governor Green supports amending the historic preservation review process to facilitate housing production, a more nuanced approach to protecting iwi kūpuna is needed, such as that advanced in SB 1263.

    SB31: RELATING TO PROPERTY

    Bill Description: Authorizes a person who discovers a recorded discriminatory restrictive covenant to take certain actions, without liability, to invalidate the covenant. Defines discriminatory restrictive covenant.

    Veto Rationale: By enabling any person, including those without any interest in the specified real property, to record a statement that a real property’s title includes a discriminatory restrictive covenant, this bill provides a statutorily authorized mechanism for the circulation of disinformation. This disinformation has the potential to negatively affect the marketability of a property. Because the person who recorded the statement claiming a discriminatory restrictive covenant exists is waived of any liability, no recourse is available to those who suffer financial loss due to inaccurate claims concerning their property’s title.

    SB38: RELATING TO HOUSING

    Bill Description: Requires the Hawaiʻi Housing Finance and Development Corporation to provide counties with an opportunity to comment on certain housing development projects. Prohibits the legislative body of a county from imposing stricter conditions than the Hawaiʻi Housing Finance and Development Corporation, stricter area median income requirements, or a reduction in fee waivers to housing development proposals that would increase the cost of the project.

    Veto Rationale: County councils have expressed concerns that this bill hampers their ability to work with developers to modify housing projects to reflect the specific needs of their communities. While the administration supports measures intended to facilitate the production of affordable housing, further dialogue with the counties on this measure’s implementation is required.

    SB66: RELATING TO HOUSING

    Bill Description: Establishes procedures and requirements for single-family and multifamily housing project applicants to apply for an expedited permit, including requirements for completeness of expedited permit applications, duties of licensed professionals and the counties during construction, and applications for owner-builder exemptions. Takes effect 7/1/2026. Sunsets 6/30/2031.

    Veto Rationale: By allowing any qualified professional to determine a project’s impact on historical resources, this bill permits a project proponent to evaluate and determine the impact of its own projects on historical resources. This is a conflict of interest that allows for self-serving determinations, undermines the authority and purpose of regulatory agencies’ independent evaluations, and increases risk to iwi kūpuna.

    SB104: RELATING TO CORRECTIONS

    Bill Description: Beginning 7/1/2026, restricts the use of restrictive housing in state-operated and state-contracted correctional facilities, with certain specified exceptions. Establishes a restrictive housing legislative working group to develop and recommend more comprehensive laws, policies and procedures regarding restrictive housing for members of vulnerable populations by 1/8/2027. Requires the Hawaiʻi Correctional System Oversight Commission to review restrictive housing placements on an annual basis. Authorizes the Department of Corrections and Rehabilitation, by 12/1/2027, to implement policies and procedures recommended by the restrictive housing working group related to committed persons. Requires interim and final reports to the Legislature and Hawaiʻi Correctional System Oversight Commission.

    Veto Rationale: The Department of Corrections and Rehabilitation has policies in place governing the use of restrictive housing. These policies and procedures comply with National Institute of Corrections and American Correctional Association standards. Rather than improve the health and safety of those in the department’s care, the implementation of certain requirements proposed in this bill will jeopardize the safety, security and good governance of the department’s facility, negatively impacting inmates. In lieu of this measure and to address stakeholders’ concerns, the department is working with the Hawaiʻi Correctional Systems Oversight Commission to amend its policies and procedures.

    SB447: RELATING TO A DEPARTMENT OF HEALTH PILOT PROGRAM

    Bill Description: Establishes a Hiring Pilot Program within the Department of Health, which includes an amended hiring procedure for delegated position classifications, certain flexibilities regarding minimum qualifications for positions having a salary range at or below SR-10, the ability to directly hire certain individuals into a civil service position if certain conditions are met, and the authority to make certain temporary appointments at the merited civil service pay scale without step limitation. Applies to recruitments initiated before 7/1/2028. Requires annual reports to the Legislature. Sunsets 7/1/2028.

    Veto Rationale: The governor strongly supports efforts to streamline the state’s hiring process to address our workforce vacancies, especially those in our state’s public health sector. However, this bill conflicts with state civil service law, undermining the state’s merit-based civil service system. Disparities in hiring, classification and compensation throughout the state are expected to occur should this bill become law.

    SB1102: RELATING TO THE AIRCRAFT RESCUE FIRE FIGHTING UNIT

    Bill Description: Specifies the appointment processes and terms for the Fire Chief of the Hawaiʻi State Aircraft Rescue Fire Fighting Unit of the Airports Division of the Department of Transportation.

    Veto Rationale: The appointment process proposed in the bill is inconsistent with the selection process for other department leadership positions. Further, due to the need to obtain legislative approval for the appointment of the Fire Chief, following the appointment process contained in this bill may delay the appointment of this critical leadership position, impacting airport operations, safety and readiness.

    # # #

    Media Contacts:  
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected] 

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI Security: Large-scale fraud using trusted online seller accounts uncovered

    Source: Eurojust

    The criminals used phishing techniques to obtain login credentials from legitimate sellers on a well-known online commerce platform. After gaining access to the account, they changed the login details, locking the rightful users out of their accounts. The criminals then continued to post advertisements of fake goods on the seller account. Because customers trusted the seller accounts, they initially put orders in for over EUR 106 million. In the end, 556 customers completed their order and purchased goods that would never arrive, causing damages of over EUR 400 000.

    When investigators identified the locations of the criminal group, Romanian and German authorities quickly began working together through a joint investigation team established by Eurojust. The cooperation led to a series of actions in December 2024, during which evidence was collected through house searches in Germany, Romania and Austria. Based on the evidence obtained, the authorities arrested four suspects in Romania and three in Germany. Preventative measures are in place for the four suspects in Romania, and two suspects in Germany remain in custody.

    Following the actions in December, investigations into the group continued. Authorities discovered that three members of the criminal group had continued their criminal activities. The Romanian and German investigators quickly identified the individuals and prepared further action.

    During an action day on 24 June, the three members were detained in Romania following a European Arrest Warrant issued by the German authorities. Eight house searches were also conducted where IT systems were seized containing more evidence. Investigations into the criminal group are ongoing.

    The following authorities carried out the operation:

    • Romania: Prosecutor’s Office attached to the High Court of Cassation and Justice –Directorate for Investigating Organised Crime and Terrorism –Vâlcea Territorial Office; Service for Combating Organised Crime Vâlcea; Service for Combating Organised Crime Sibiu; Service for Special Actions Vâlcea; Service for Special Actions Sibiu
    • Germany: Bavarian Central Office for the Prosecution of Cybercrime; Criminal Police Department Nuremberg – K 52

    MIL Security OSI –

  • MIL-OSI Security: Large-scale fraud using trusted online seller accounts uncovered

    Source: Eurojust

    The criminals used phishing techniques to obtain login credentials from legitimate sellers on a well-known online commerce platform. After gaining access to the account, they changed the login details, locking the rightful users out of their accounts. The criminals then continued to post advertisements of fake goods on the seller account. Because customers trusted the seller accounts, they initially put orders in for over EUR 106 million. In the end, 556 customers completed their order and purchased goods that would never arrive, causing damages of over EUR 400 000.

    When investigators identified the locations of the criminal group, Romanian and German authorities quickly began working together through a joint investigation team established by Eurojust. The cooperation led to a series of actions in December 2024, during which evidence was collected through house searches in Germany, Romania and Austria. Based on the evidence obtained, the authorities arrested four suspects in Romania and three in Germany. Preventative measures are in place for the four suspects in Romania, and two suspects in Germany remain in custody.

    Following the actions in December, investigations into the group continued. Authorities discovered that three members of the criminal group had continued their criminal activities. The Romanian and German investigators quickly identified the individuals and prepared further action.

    During an action day on 24 June, the three members were detained in Romania following a European Arrest Warrant issued by the German authorities. Eight house searches were also conducted where IT systems were seized containing more evidence. Investigations into the criminal group are ongoing.

    The following authorities carried out the operation:

    • Romania: Prosecutor’s Office attached to the High Court of Cassation and Justice –Directorate for Investigating Organised Crime and Terrorism –Vâlcea Territorial Office; Service for Combating Organised Crime Vâlcea; Service for Combating Organised Crime Sibiu; Service for Special Actions Vâlcea; Service for Special Actions Sibiu
    • Germany: Bavarian Central Office for the Prosecution of Cybercrime; Criminal Police Department Nuremberg – K 52

    MIL Security OSI –

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

  • MIL-OSI: Bitget Powers India Blockchain Tour in Hyderabad, Ahmedabad and Mumbai

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has joined the 2025 edition of the India Blockchain Tour (IBT) as the exclusive “Powered by” partner for the Hyderabad, Ahmedabad, and Mumbai chapters. The collaboration brings a sharper focus to blockchain education and real-world applications across three major cities through curated networking and knowledge-sharing events in the second half of the year.

    Organized by Octaloop, IBT 2025 will span eight cities and feature key voices across policy, investment, development, and product. Hyderabad (June 28), Ahmedabad (July 13), and Mumbai (August 3) will serve as the core cities supported by Bitget, with each stop designed to bring together a local mix of talent and curiosity. Interactive sessions, product showcases, and discussion forums will create an accessible entry point into blockchain technology and digital assets, particularly for students, developers, and working professionals.

    “India is a key market for us. Whether it’s working with regulators or engaging directly with blockchain developers, we’re actively building here. As one of the top global exchanges, we see this tour as an opportunity to meet people on the ground and strengthen the trust that drives long-term growth,” said Jyotsna Hirdyani, Head of South Asia at Bitget.

    This multi-city roadshow marks a return to on-ground activation for Bitget in India, building on the success of its 2023 “India Learns Crypto” initiative. That campaign launched with packed meetups in Delhi and Mumbai, drawing hundreds of attendees and leading to sustained community interest in educational forums. The Delhi session alone brought together over 140 participants, while the Mumbai event hosted over 300. Featuring a blend of speaker panels, partner collaborations, and open Q&A, the series gained traction as a trusted forum for blockchain learning.

    India’s role in the global crypto and blockchain landscape continues to expand—marked by growing developer activity, rising user interest in self-custody and DeFi, and increasingly visible local startup innovation. The tour provides a natural format to channel this momentum into more structured learning and collaboration, while offering platforms for emerging voices and projects to gain visibility.

    The choice of Hyderabad, Ahmedabad, and Mumbai reflects a broader pattern in India’s web3 evolution. These cities are known for their concentration of technical universities, strong fintech ecosystems, and a rising number of first-time blockchain users. Engaging them through direct, city-level programming allows for a sharper local pulse—one that online campaigns often miss.

    As the tour continues across India through the end of the year, Bitget’s participation aims to serve as a touchpoint for those seeking practical exposure to blockchain—beyond market cycles. With a focus on accessibility and relevance, the collaboration intends to build tangible outcomes for the people who will shape India’s next wave of digital innovation.

    To join us on the tour, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2825994b-e83a-4a7f-9249-25191557f84a

    The MIL Network –

  • MIL-OSI: XRP Holders Explore New Avenues as Topnotch Crypto Launches High-Yield XRP Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — As XRP continues to be a focal point of discussion in the cryptocurrency community, Topnotch Crypto has announced the launch of its innovative XRP cloud mining contracts, attracting significant interest from both long-term XRP holders and the broader investment community. This launch comes at a time when investors are actively seeking new ways to leverage their digital assets.

    The new offering from Topnotch Crypto provides a compelling opportunity for those looking to generate passive income through XRP and other leading cryptocurrencies, establishing a new benchmark for accessibility and profitability in the cloud mining sector.

    Visit the official Topnotch Crypto website: https://topnotchcrypto.com/

    Making XRP Mining a Reality for Everyone

    Traditionally, the unique consensus mechanism of XRP has made it unmineable in the conventional sense. Topnotch Crypto addresses this by offering simulated cloud mining contracts that allow users to earn XRP rewards. This innovative approach removes the need for expensive hardware or technical expertise, making XRP-focused returns accessible to all.

    A spokesperson for Topnotch Crypto stated, “We recognize the strong community behind XRP and have designed our new contracts to provide them with a transparent and straightforward way to increase their holdings. Our goal is to empower a broader audience to participate in the future of digital finance.”

    The platform advanced, green-energy-powered mining facilities handle all the technical complexities, allowing users to rent computing power and start earning rewards in XRP, Bitcoin, Ethereum, and other popular cryptocurrencies.

    A Flexible Range of Contracts for Every Investor

    Topnotch Crypto has structured a variety of mining contracts to cater to different investment levels and goals. The potential returns are clear and transparent:

    • $15 Contract: A 1-day contract with a $0.60 return, for a total of $15.60 at expiration.
    • $100 Contract: A 2-day contract providing a $3 daily return, totaling $106 upon expiration.
    • $500 Contract: A 7-day contract generating a $6 daily return, for a total of $542 at expiration.
    • $1,100 Contract: A 15-day contract with a daily return of $14.63, totaling $1,319.45 at expiration.
    • $4,800 Contract: A 20-day contract offering a daily return of $69.60, for a total of $6,192 at expiration.
    • $10,000 Contract: The premier 30-day contract delivering a daily return of $155, resulting in a total of $14,650 and a profit of $4,650.

    Click here to view complete contract details

    How to Begin with Topnotch Crypto

    The process to start mining is simple:

    1. Register a platform account and you will receive $15, and you will receive a $0.6 reward for daily sign-in
    2. Select Your Contract: Browse our range of XRP cloud mining contracts and choose the one that fits your goals.
    3. Start Earning: Activate your chosen plan and begin receiving daily XRP rewards automatically.

    Don’t wait for the next XRP rally to start earning. Explore the future of XRP mining with Topnotch Crypto today at https://topnotchcrypto.com

    About Topnotch Crypto

    Topnotch Crypto is a global cloud mining platform committed to simplifying cryptocurrency mining. With a focus on providing opportunities for enthusiasts of XRP and other major digital assets, the company offers a secure, user-friendly, and environmentally conscious way to generate passive income.

    To explore the future of XRP cloud mining, visit: https://topnotchcrypto.com/

    More information:

    Official website: https://topnotchcrypto.com

    APP download: https://topnotchcrypto.com/xml/index.html#/app

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining involves risks, including the potential loss of principal. It is strongly recommended that you perform your own due diligence and consult with a professional financial advisor before making any investment or trading decisions in cryptocurrencies and securities.

    The MIL Network –

  • MIL-OSI: XRP Holders Explore New Avenues as Topnotch Crypto Launches High-Yield XRP Cloud Mining Contracts

    Source: GlobeNewswire (MIL-OSI)

    New York, June 25, 2025 (GLOBE NEWSWIRE) — As XRP continues to be a focal point of discussion in the cryptocurrency community, Topnotch Crypto has announced the launch of its innovative XRP cloud mining contracts, attracting significant interest from both long-term XRP holders and the broader investment community. This launch comes at a time when investors are actively seeking new ways to leverage their digital assets.

    The new offering from Topnotch Crypto provides a compelling opportunity for those looking to generate passive income through XRP and other leading cryptocurrencies, establishing a new benchmark for accessibility and profitability in the cloud mining sector.

    Visit the official Topnotch Crypto website: https://topnotchcrypto.com/

    Making XRP Mining a Reality for Everyone

    Traditionally, the unique consensus mechanism of XRP has made it unmineable in the conventional sense. Topnotch Crypto addresses this by offering simulated cloud mining contracts that allow users to earn XRP rewards. This innovative approach removes the need for expensive hardware or technical expertise, making XRP-focused returns accessible to all.

    A spokesperson for Topnotch Crypto stated, “We recognize the strong community behind XRP and have designed our new contracts to provide them with a transparent and straightforward way to increase their holdings. Our goal is to empower a broader audience to participate in the future of digital finance.”

    The platform advanced, green-energy-powered mining facilities handle all the technical complexities, allowing users to rent computing power and start earning rewards in XRP, Bitcoin, Ethereum, and other popular cryptocurrencies.

    A Flexible Range of Contracts for Every Investor

    Topnotch Crypto has structured a variety of mining contracts to cater to different investment levels and goals. The potential returns are clear and transparent:

    • $15 Contract: A 1-day contract with a $0.60 return, for a total of $15.60 at expiration.
    • $100 Contract: A 2-day contract providing a $3 daily return, totaling $106 upon expiration.
    • $500 Contract: A 7-day contract generating a $6 daily return, for a total of $542 at expiration.
    • $1,100 Contract: A 15-day contract with a daily return of $14.63, totaling $1,319.45 at expiration.
    • $4,800 Contract: A 20-day contract offering a daily return of $69.60, for a total of $6,192 at expiration.
    • $10,000 Contract: The premier 30-day contract delivering a daily return of $155, resulting in a total of $14,650 and a profit of $4,650.

    Click here to view complete contract details

    How to Begin with Topnotch Crypto

    The process to start mining is simple:

    1. Register a platform account and you will receive $15, and you will receive a $0.6 reward for daily sign-in
    2. Select Your Contract: Browse our range of XRP cloud mining contracts and choose the one that fits your goals.
    3. Start Earning: Activate your chosen plan and begin receiving daily XRP rewards automatically.

    Don’t wait for the next XRP rally to start earning. Explore the future of XRP mining with Topnotch Crypto today at https://topnotchcrypto.com

    About Topnotch Crypto

    Topnotch Crypto is a global cloud mining platform committed to simplifying cryptocurrency mining. With a focus on providing opportunities for enthusiasts of XRP and other major digital assets, the company offers a secure, user-friendly, and environmentally conscious way to generate passive income.

    To explore the future of XRP cloud mining, visit: https://topnotchcrypto.com/

    More information:

    Official website: https://topnotchcrypto.com

    APP download: https://topnotchcrypto.com/xml/index.html#/app

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining involves risks, including the potential loss of principal. It is strongly recommended that you perform your own due diligence and consult with a professional financial advisor before making any investment or trading decisions in cryptocurrencies and securities.

    The MIL Network –

  • MIL-OSI: Bitget Shines at Perú Blockchain Conference 2025

    Source: GlobeNewswire (MIL-OSI)

    LIMA, Peru, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange, and Web3 company has concluded a successful showing at the Perú Blockchain Conference 2025 as a Silver Sponsor, reinforcing its commitment to advancing crypto education and adoption across Latin America.

    Held from June 20 to 21 at the CIP Convention Center in San Isidro, Lima, the event brought together blockchain innovators, industry leaders, and Web3 enthusiasts from across the region. Bitget engaged with attendees through a high-traffic exhibition booth, showcasing its full suite of trading products and Web3 ecosystem offerings.

    Kicking off the conference weekend, Bitget hosted a VIP Welcome gathering on June 19, engaging with key stakeholders, fintech entrepreneurs, and regional partners to strengthen relationships and explore future collaborations.

    At the main conference, Bitget made significant educational contribution through two expert-led presentations. Gildardo Herrera, Bitget’s Head of LATAM and Iberia Strategy, took to the main stage to deliver a keynote exploring the evolving role of centralized exchanges in supporting crypto adoption across emerging markets. In his talk, Herrera emphasized how platforms like Bitget are building user trust, expanding access to digital assets, and offering innovative products tailored to the region’s unique financial landscape. He also highlighted Bitget’s ongoing investment in local talent and infrastructure as a strategic approach to strengthening its presence across Latin America.

    Matias Part, Bitget’s LATAM/Iberia P2P Manager, also took the stage, presenting a focused educational session titled “Trading Bots: What They Are, How They Work, and How to Use Them to Improve Your Trading Performance.” His presentation demystified algorithmic trading by breaking down how trading bots operate, the types of strategies they execute, and how they can help users trade smarter by automating decisions based on market signals. Matias also shared real-world examples and practical tips for integrating trading bots into retail and institutional strategies, making the session a valuable learning opportunity for both novice and experienced traders alike. 

    Bitget’s presence at Perú Blockchain Conference 2025 underpins its ongoing investment in Latin America, one of the fastest-growing regions for digital asset adoption. With a strong local team and tailored product offerings, Bitget remains focused on making crypto trading more accessible, secure, and efficient for users across the continent.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e45b7de7-e5b6-4d6f-91f0-d7649bd871ac

    The MIL Network –

  • MIL-OSI NGOs: GLOBAL: Countries must act fast to save the Sustainable Development Goals

    Source: Amnesty International –

    With countries in danger of failing to meet their Sustainable Development Goals targets – and their human rights obligations – leaders attending the Financing for Development Conference must act fast to avert climate catastrophe and guarantee the human rights of billions of people currently being denied socio-economic justice, said Amnesty International.

    The 4th International Conference for Financing for Development will take place from 30 June to 3 July in Seville, Spain. It provides a unique opportunity to reform development financing at all levels and address financing challenges preventing the urgently needed investment push to achieve the Sustainable Development Goals (SDGs) by 2030. The SDGs were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future.

    “Years of underinvestment by all states mean the majority of the Sustainable Development Goals are way off track from their 2030 target. This conference must confront the immediate crisis linked to the cutting of international assistance by major donors whilst committing to structural reforms that could provide sustainable sources of financing for the longer term – from advancing international tax cooperation and addressing the debt crisis, to reforming international financial institutions and promoting more inclusive systems of financing and development,” said Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser.

    A series of robust measures must be put in place if the Sustainable Development Goals are to become a reality.

    Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser

    “A series of robust measures must be put in place if the SDGs are to become a reality. The US and other governments must reverse cuts to aid budgets. Wealthy states must support the UN tax treaty process whilst providing debt relief for countries in or at risk of debt distress including cancellation where appropriate. Fossil fuels subsidies must be redirected towards investment in clean energy and leaders must commit to a full, fast, fair and funded fossil fuel phase out across all sectors and invest adequately in a just and equitable transition. Adopting these measures will go a long way to rescuing the SDGs and ensure social, economic and climate justice for millions across the world.”

    Amnesty International will also be co-hosting a Virtual Side Event at the Financing for Development Conference, Seville: Reparative Justice in Financing for Development. The session will focus on development financing and reparative justice as a means through which a human rights-based economy which redresses both existing and historical injustices can not only be conceptualized but also practically actioned. Register to attend via Zoom. 

    Background

    The Sustainable Development Goals (SDGs) were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future. The 17 goals aimed to address global challenges, including poverty, inequality, climate change, environmental degradation, peace, and justice – to ensure no one was left behind. However,years of underinvestment by all states mean over 80% of the Sustainable Development Goals (SDGs)’ targets are off track due to underinvestment by all states.

    MIL OSI NGO –

  • MIL-OSI Europe: Highlights – DEVE Delegation at the 4th Financing for Development Conference (FfD4) in Sevilla – Committee on Development

    Source: European Parliament

    4th international conference on Financing for Development in Sevilla © UN

    A 4-Member DEVE delegation will travel to the 4th Financing for Development Conference (FfD4) in Sevilla, from Monday 30th June to Wednesday 2nd July. The purpose of the delegation is to exchange views with all stakeholders, to provide political stimulus for far-reaching reforms of the international financial architecture, to help put financing for development on a more solid foundation, and to send a message in support of the parliamentary dimension of democracy and of multilateralism.

    MIL OSI Europe News –

  • MIL-OSI Europe: Missions – DEVE Delegation at the 4th Financing for Development Conference (FfD4) in Sevilla – 30-06-2025 – Committee on Development

    Source: European Parliament

    A 4-Member DEVE delegation will travel to the 4th Financing for Development Conference (FfD4) in Seville, from Monday 30th June to Wednesday 2nd July. The purpose of the delegation is to exchange views with all stakeholders, to provide political stimulus for far-reaching reforms of the international financial architecture, to help put financing for development on a more solid foundation, and to send a message in support of the parliamentary dimension of democracy and of multilateralism.

    FfD4 follows on from the Third International Conference on Financing for Development in Addis Ababa in 2015. It provides a unique opportunity to reform financing for development at all levels, be it reform of the international financial architecture, debt relief, taxation, domestic resource mobilisation, private sector financing, and others. The conference is timely, as there is a strong sense of urgency to take action: the SDGs are grossly underfinanced (the financing gap stands now at over 4 trillion USD annually), and at the same time cuts in ODA are being envisaged or already implemented in many donor countries. Conferences such as FfD4 are the only spaces where leaders from all governments, along with international and regional organisations, financial and trade institutions, businesses, civil society and the UN System unite at the highest levels, to foster stronger international cooperation.

    MIL OSI Europe News –

  • MIL-OSI Europe: Burundi: Inauguration of Jiji hydroelectric power plant – a huge step towards energy self-sufficiency

    Source: European Investment Bank

    EIB

    The President of the Republic of Burundi today officially inaugurated the Jiji hydroelectric power plant, in the presence of a large delegation of national authorities and representatives of the development partners that co-financed the project. Located in Bururi province, this large-scale infrastructure marks a key step forward in the country’s pursuit of energy self-sufficiency. It is also a strong signal for an investment-friendly climate to ensure more inclusive and sustainable economic development for Burundi.

    With the Mulembwe plant to be completed in the coming months, the two plants will have an installed capacity of 49.5 megawatts and estimated annual production of 235 gigawatt hours of clean energy. They will provide electricity to 15 000 households, 7 000 businesses and 1 700 industrial facilities. This new capacity will not only improve access to electricity for thousands of people, but will also boost productivity in key sectors such as health, education, agribusiness and ICT.

    The construction of these two plants at a total cost of $320 million was made possible thanks to strong cooperation between the Burundi government and the development partners – the African Development Bank (AfDB), the European Investment Bank (EIB), the World Bank (WB) and the European Union (EU).

    Speaking at the inauguration, AfDB Country Manager in Burundi Pascal Yembiline said: “As a longstanding partner of Burundi, the African Development Bank is proud to have contributed to the implementation of this infrastructure project, which is fully in line with its strategic priorities, the Hi-5s. We are convinced that this flagship infrastructure will increase access to reliable and affordable energy and help create a sustainably prosperous Burundi.”

    Head of the EIB Regional Hub for East Africa Edward Claessen said: “The fact that the Jiji and Mulembwe dam project is a renewable energy project, reducing dependence on imported fossil fuels, is particularly significant. Our financing for this project formed part of the European Union’s strategy to develop clean, sustainable infrastructure in Africa and is also aligned with decarbonisation efforts needed by companies to grow.”

    World Bank Representative in Burundi Hawa Cisse Wagué added that: “The Jiji hydroelectric power plant and the lines and substations built as part of the project are not infrastructure like any other. This infrastructure helps ensure Burundi’s economic and social development. It is a key driver to improve people’s access to energy as well as supporting industrialisation, job creation and economic growth.”

    EU Ambassador and Head of Delegation to Burundi Elisabetta Pietrobon stressed that: “Energy remains a central priority in development and thus in EU cooperation. This is why the European Union, its Member States and its institutions have supported this project from the very beginning, including funding for the various design and implementation phases, right up to the deployment of infrastructure and equipment. ”

    All of Burundi’s development partners unanimously confirmed their commitment to supporting the country in its transformation efforts on the road to achieving its strategic vision: to become an emerging country by 2040 and a developed country by 2060.

    Since the start of the construction phase, the project has created several hundred jobs, boosting the local economy while strengthening the technical capacities of the surrounding communities. Its entry into operation marks the beginning of a new cycle of opportunities, both in the energy sector and in other strategic areas. With more reliable, accessible and affordable energy, small and medium businesses will now have better conditions to develop, generate jobs and make a lasting contribution to the country’s economic growth. At the same time, the commissioning of the dam will help to create a trusting environment for investors, the people of Burundi and foreigners alike.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. It finances investments that contribute to EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. We aim to support €100 billion of investment by the end of 2027 — around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through our offices across the world. High-quality, up-to-date photos of our headquarters for media use are available here.

    http://twitter.com/EIB

    https://www.linkedin.com/company/eib-global/

    Inauguration of Jiji hydroelectric power plant: a huge step towards Burundi’s energy self-sufficiency

    ©EIB
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    Inauguration of Jiji hydroelectric power plant: a huge step towards Burundi’s energy self-sufficiency

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    MIL OSI Europe News –

  • MIL-OSI: Bitget Heads to Milan as Sponsor at ETHMilan 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, proudly joins ETHMilan 2025 as the official Viscoti Sponsor, aligned with its expansion strategy in Europe and beyond. Held on June 24 at the iconic Museo Nazionale Scienza e Tecnologia in Milan, Italy, ETHMilan brings together developers, founders, and thinkers shaping the decentralized future.

    This event follows hot on the heels of Bitget’s high-profile MotoGP partnership, marking a powerful back-to-back showcase of the brand’s expanding influence—on the track and on the blockchain stage. ETHMilan’s timing couldn’t be better, as it underscores Bitget’s commitment to blending mainstream visibility with meaningful industry engagement.

    ETHMilan 2025 gathered more than 1,000 participants and featured over 50 speakers, including notable names like Alessandro Mazza, Marco Monaco from TAC, Stefano Rossi from PwC Italia, and Filippo Moraschi (FolksFinance). As one of Italy’s largest Web3 conferences, ETHMilan has staged impactful panels on DeFi, DAOs, Ethereum scaling, and creative tech innovation.

    As part of this year’s program, Bitget’s Chief Operating Officer, Vugar Usi Zade, took to the stage to discuss how centralized exchanges (CEXs), blockchain, and crypto infrastructure are redefining the global financial system. In a cycle where institutions and regulations are finally catching up with the technology, Vugar shared insights on how CEXs are adapting, shifting from transactional platforms to ecosystem enablers.

    The appearance aligns with Bitget’s broader push to shape the discourse around crypto maturity, user trust, and long-term utility. “ETHMilan is more than a developer event—it’s a signal that Milan is becoming a serious node on the global Web3 map,” said Vugar. “Bitget is here not just to participate, but to help drive the conversations that move the industry forward.”

    Bitget also hosted a breakfast reception at the Museum of Science & Technology, offering builders and industry leaders a space to connect over key themes like compliance, CeFi/DeFi evolution, and everything else crypto-related.

    The event marks another milestone in Bitget’s expansion across Europe, where it continues to operate under increasing regulatory clarity, including licenses in Italy, Lithuania, Georgia, and several other markets. With over 120 million users globally and a daily trading volume of $20 billion, Bitget’s presence at ETHMilan reflects its commitment to driving adoption.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a809f43e-6a11-4cd5-bb64-df0a93e4886a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/44b3903e-1f12-4dce-88fd-00d96ccf4187

    The MIL Network –

  • MIL-OSI: Bitget Heads to Milan as Sponsor at ETHMilan 2025

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 25, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, proudly joins ETHMilan 2025 as the official Viscoti Sponsor, aligned with its expansion strategy in Europe and beyond. Held on June 24 at the iconic Museo Nazionale Scienza e Tecnologia in Milan, Italy, ETHMilan brings together developers, founders, and thinkers shaping the decentralized future.

    This event follows hot on the heels of Bitget’s high-profile MotoGP partnership, marking a powerful back-to-back showcase of the brand’s expanding influence—on the track and on the blockchain stage. ETHMilan’s timing couldn’t be better, as it underscores Bitget’s commitment to blending mainstream visibility with meaningful industry engagement.

    ETHMilan 2025 gathered more than 1,000 participants and featured over 50 speakers, including notable names like Alessandro Mazza, Marco Monaco from TAC, Stefano Rossi from PwC Italia, and Filippo Moraschi (FolksFinance). As one of Italy’s largest Web3 conferences, ETHMilan has staged impactful panels on DeFi, DAOs, Ethereum scaling, and creative tech innovation.

    As part of this year’s program, Bitget’s Chief Operating Officer, Vugar Usi Zade, took to the stage to discuss how centralized exchanges (CEXs), blockchain, and crypto infrastructure are redefining the global financial system. In a cycle where institutions and regulations are finally catching up with the technology, Vugar shared insights on how CEXs are adapting, shifting from transactional platforms to ecosystem enablers.

    The appearance aligns with Bitget’s broader push to shape the discourse around crypto maturity, user trust, and long-term utility. “ETHMilan is more than a developer event—it’s a signal that Milan is becoming a serious node on the global Web3 map,” said Vugar. “Bitget is here not just to participate, but to help drive the conversations that move the industry forward.”

    Bitget also hosted a breakfast reception at the Museum of Science & Technology, offering builders and industry leaders a space to connect over key themes like compliance, CeFi/DeFi evolution, and everything else crypto-related.

    The event marks another milestone in Bitget’s expansion across Europe, where it continues to operate under increasing regulatory clarity, including licenses in Italy, Lithuania, Georgia, and several other markets. With over 120 million users globally and a daily trading volume of $20 billion, Bitget’s presence at ETHMilan reflects its commitment to driving adoption.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 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 leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. 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, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a809f43e-6a11-4cd5-bb64-df0a93e4886a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/44b3903e-1f12-4dce-88fd-00d96ccf4187

    The MIL Network –

  • MIL-OSI: Santech Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, June 25, 2025 (GLOBE NEWSWIRE) — Santech Holdings Ltd. (“Santech” or the “Company”) (NASDAQ: STEC) today announced its unaudited financial results for the first half of fiscal year 2025 ended December 31, 2024.

    Santech is a Cayman Islands holding company operating through its subsidiaries in Hong Kong and United States, primarily focusing on exploring opportunities in consumer technology, consumer healthcare and enterprise technology.

    First Half of Fiscal Year 2025 Highlights

    Continuing Operations

    Net revenues

    Total revenues from continuing operations in the six months ended December 31, 2024 decreased to nil from US$17.4 million in the same period of 2023, primarily due to Company having completely exited from overseas wealth management and asset management businesses during the reporting period. All remaining revenues from our prior overseas wealth management and asset management businesses during the reporting period have been reclassified under discontinued operations.

    Operating Costs and Expenses

    Cost of compensation and benefits from continuing operations in the six months ended December 31, 2024 decreased to nil from US$13.2 million in the same period of 2023.

    Sales and marketing expenses from continuing operations decreased to nil from US$1.5 million in the same period of 2023.

    All direct costs of revenue from overseas wealth management and asset management during the reporting period have been reclassified under discontinued operations.

    General and administrative expenses from continuing operations in the six months ended December 31, 2024 decreased by 4.3% to US$2.4 million from US$2.5 million in the same period of 2023, primarily due to ongoing cost cutting and restructuring.

    Other expenses, net from continuing operations in the six months ended December 31, 2024 were US$0.2 million, primarily due to the losses on early termination of operating lease.

    Discontinued Operations

    Results of discontinued operations are as follows:

               
      Six Months Ended December 31, 2023
    		   Two Months Ended August 31, 2024
      (US$’000)   (US$’000)
           
    Discontinued operations      
           
    Net revenues      
    Wealth management 2,442     11  
    Asset management 1,788     1,170  
    Total net revenues 4,230     1,181  
           
    Operating cost and expenses      
    Compensation and benefits 1,358     602  
    Sales and marketing expenses 315     –  
    General and administrative expenses 656     266  
    Asset impairment loss 2,158     –  
    Total operating cost and expenses 4,487     868  
           
    (Loss)/income from operations (257 )   313  
           
    Other expense, net (4 )   (1 )
           
    Income/(loss) before income tax expense (261 )   312  
    Income tax (expense)/credit (145 )   (29 )
    Net income/(loss) from discontinued operations (406 )   283  
           
    Gain on disposal of subsidiaries from discontinued operations, net –     138  
           
    (Loss)/income for the year from discontinued operations, net of income taxes (406 )   421  
           

    In August 2024, the Company completely exited from its historical businesses in overseas wealth management and asset management and disposed of certain subsidiaries in Hong Kong, namely, Haiyin Insurance (Hong Kong) Co., Limited and Hywin International Insurance Broker Limited for nil consideration, and Haiyin International Asset Management Limited and Hywin Asset Management (Hong Kong) Limited for US$0.6 million to a third party. The disposal was completed on August 31, 2024. After the disposals, the Company no longer holds any financial services licenses or houses any personnel licensed to provide financial services in Hong Kong.

    Net revenues

    Total revenues from discontinued operations in the two months ended August 31, 2024 decreased by 72.1% to US$1.2 million from US$4.2 million in the six months ended December 31, 2023, primarily due to cessation of operations in wealth management and asset management.

    Operating Costs and Expenses

    Cost of compensation and benefits from discontinued operations in the two months ended August 31, 2024 decreased by 55.7% to US$0.6 million from US$1.4 million, in line with the decreases in transaction value of wealth management and asset management businesses.

    Sales and marketing expenses decreased to nil from US$0.3 million in the six months ended December 31, 2023, due to discontinuation of sales and marketing activities.

    General and administrative expenses from discontinued operations in the two months ended August 31, 2024 decreased by 59.5% to US$0.3 million from US$0.7 million in the six months ended December 31, 2023.

    Asset impairment loss from discontinued operations in the six months ended December 31, 2023 represented impairment losses due to impairment of assets held in the PRC, and impairment of intangible assets including software and licenses due to disruption to our brand and our licensed financial services operations in Hong Kong.

    Loss from disposal of subsidiaries under discontinued operations

      Wealth management business   Asset management business   Total
      (US$’000)   (US$’000)   (US$’000)
               
    Considerations received –     641     641  
    Less: Net assets disposed of (134 )   (369 )   (503 )
               
    (Loss)/gain from disposal of subsidiaries (134 )   272     138  
     
     

    About Santech Holdings Limited
    Santech Holdings Limited (NASDAQ: STEC) is a technology-focused company. The Company historically served a large number of high net-worth clients in China and Hong Kong in wealth management, asset management and health management, and accumulated a large customer base. The Company has since exited or disposed of its historical businesses in financial services, and is actively exploring innovative new opportunities in technology verticals, including and not limited to consumer technologies and enterprise technologies. For more information, please visit https://ir.santechholdings.com.

    Safe Harbor Statement
    This press release contains statements that may constitute “forward-looking” statements pursuant to 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 “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    Investor Contact:
    Santech Holdings Limited
    Email: ir@santechholdings.com

    SANTECH HOLDINGS LTD.
    CONSOLIDATED BALANCE SHEETS
    (In thousands, except for number of shares and per share data)
     
      June 30,
    2024    		   December 31,
    2024
      (US$’000)   (US$’000)
    Assets      
    Current assets:      
    Cash and cash equivalents 15,184     11,233  
    Deposits, prepayments and other current assets 320     72  
    Total current assets 15,504     11,305  
           
    Property and equipment, net 3     4  
    Right-of-use asset 1,235     –  
    Total non-current assets 1,238     4  
           
    Total Assets 16,742     11,309  
           
    Liabilities and Shareholders’ equity      
    Current liabilities:      
    Commission payable 859     –  
    Income tax payable 91     –  
    Due to related parties 11,488     11,062  
    Other payables and accrued liabilities 433     7  
    Lease liability 1,059     –  
    Total current liabilities 13,930     11,069  
           
    Lease liability 250     –  
    Total non-current liabilities 250     –  
           
    Total Liabilities 14,180     11,069  
           
    Shareholders’ Equity:      
    Ordinary shares (US$0.0001 par value; authorized 500,000,000 shares; issued and outstanding 56,000,000* shares (28,000,000 ADS) as of June 30, 2024, and December 31, 2024, respectively) 6     6  
    Additional paid-in capital 33,256     33,256  
    Accumulated deficit (30,700 )   (33,022 )
    Total shareholders’ equity 2,562     240  
           
    Total Liabilities and shareholders’ equity 16,742     11,309  
     
    SANTECH HOLDINGS LTD.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (In thousands, except for share and per share data, or otherwise stated)
             
    Six Months Ended December 31,  
    2023   2024
      (US$’000)   (US$’000)
           
    Continuing operations      
           
    Net revenues      
    Insurance referral 17,351     –  
    Total net revenues 17,351     –  
           
    Operating cost and expenses      
    Compensation and benefits 13,210     –  
    Share-based compensation expense 102     –  
    Sales and marketing expenses 1,512     –  
    General and administrative expenses 2,469     2,364  
    Total operating cost and expenses 17,293     2,364  
           
    Income/(loss) from operations 58     (2,364 )
    Other income/(expenses)      
    Interest expense, net (63 )   (17 )
    Other income/(expense), net 72     (245 )
    Total other income/(expense), net 9     (262 )
           
    Income/(loss) before income tax expense 67     (2,626 )
    Income tax (expense)/credit –     (117 )
    Net income/(loss) from continuing operations 67     (2,743 )
           
    Discontinued operations      
           
    (Loss)/income for the year from discontinued operations, net of income taxes (406 )   421  
           
    Net loss and comprehensive loss for the period (339 )   (2,322 )
           
    (Loss)/income per share      
    From continuing and discontinued operations      
    Ordinary share – Basic (0.01 )   (0.04 )
    Ordinary share – Diluted (0.01 )   (0.04 )
    ADS – Basic (0.01 )   (0.08 )
    ADS – Diluted (0.01 )   (0.08 )
           
    From continuing operations      
    Ordinary share – Basic 0.00     (0.05 )
    Ordinary share – Diluted 0.00     (0.05 )
    ADS – Basic 0.00     (0.10 )
    ADS – Diluted 0.00     (0.10 )
           
           
    From continuing and discontinued operations      
    Ordinary share – Basic (0.01 )   0.01  
    Ordinary share – Diluted (0.01 )   0.01  
    ADS – Basic (0.01 )   0.02  
    ADS – Diluted (0.01 )   0.02  
           
    Weighted average number outstanding:      
    Ordinary share – Basic 56,000,000     56,000,000  
    Ordinary share – Diluted 56,000,000     56,000,000  
    ADS – Basic 28,000,000     28,000,000  
    ADS – Diluted 28,000,000     28,000,000  
     
    SANTECH HOLDINGS LTD.
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
    (In thousands, except for share and per share data, or otherwise stated)
                                 
      Ordinary shares   Additional
    paid-in
    capital    		   Accumulated
    deficit    		   Total
    Shareholders’
    equity
                             
      Number of ordinary shares   Amount                  
            (US$’000)   (US$’000)   (US$’000)   (US$’000)
                 
                                 
    Balance as of June 30, 2024 56,000,000     6     33,256     (30,700 )   2,562  
     
    Net loss for the period –     –     –     (2,322 )   (2,322 )
     
    Balance as of December 31, 2024 56,000,000     6     33,256     (33,022 )   240  
     

    The MIL Network –

  • MIL-OSI Africa: Forum committed to ending corruption at immigration, border management systems

    Source: South Africa News Agency

    Forum committed to ending corruption at immigration, border management systems

    The Border Management and Immigration Anti-Corruption Forum (BMIACF) has reaffirmed its commitment to combating corruption within the country’s immigration and border management systems.

    Launched officially on 25 March 2025, the forum serves as a critical platform for collaboration among key law enforcement, civil society, government and business to address systemic corruption and illicit activities in the sector.

    Chaired by Advocate Andy Mothibi, the Head of the Special Investigating Unit (SIU), the forum held its quarterly meeting recently, which brought together high-level stakeholders, including Michael Masiapato, the Commissioner of the Border Management Authority (BMA), as well as representatives from the National Prosecuting Authority (NPA) and the Directorate for Priority Crime Investigation (DPCI). 

    RAED I Home Affairs, SIU to launch anti-corruption forum in border management

    The forum reviewed progress in the ongoing investigations and corruption prevention strategies in the sector to eradicate corruption.

    The forum received a progress report on the fraudulent and corruption investigations related to the issuance of the following permits and visas:
    – Permanent residence permits
    – Corporate visas
    – Business visas
    – Critical/exceptional skills work visas
    – Study visas
    – Retired persons’ visas
    – Work visas
    – Citizenship by naturalisation

    The forum noted the recommendations made to revoke all irregularly awarded visas and deportation of persons involved, as they have violated the South African laws. Criminal referrals were made to the NPA to prosecute all those who were identified in the investigations to have violated the law. 

    The forum also noted with concerns the abuse of the Traffic Register Numbers (TRNs) that are issued in terms of the National Road Traffic Act, 1996. 

    The preliminary investigations’ findings in the SIU Proclamation 191 of 2024 revealed the abuse and irregularities in the issuing of TRNs, which involves undocumented immigrants in South Africa. 

    The forum resolved to intensify investigations in this space to root out fraud and corruption in the issuing of TRNs.

    The forum also identified the spread of foot and mouth disease as an emerging risk that required increased scrutiny at ports of entry. Strengthening border controls to prevent illegal movement of livestock and contaminated products will be a priority in upcoming discussions.

    The forum noted the corruption prevention initiatives undertaken in some of the border posts. The latest corruption prevention campaign was conducted on 16 April 2025 at the Lebombo Border Post in Komatipoort, Mpumalanga.

    The objective was to promote whistleblowing and raise awareness about corruption in borders. The theme of the campaign was: “If You See Something, Say Something.” 

    The forum noted other corruption prevention initiatives that are planned in the coming quarters, in particular the corruption risk assessments that will be conducted at the border posts.

    Advocate Mothibi emphasised that the forum’s work was part of an intensified, multi-agency effort to combat corruption, ensuring transparency and accountability in immigration processes. 

    “This collaboration is vital to safeguarding South Africa’s borders and maintaining the integrity of our immigration system,” he said.

    The BMIACF will continue to meet quarterly and progress reports  will be shared with relevant oversight bodies and the public when appropriate. – SAnews.gov.za 
     

    Edwin

    MIL OSI Africa –

  • MIL-OSI Africa: Gauteng government removes HODs who ‘failed lifestyle audits’

    Source: South Africa News Agency

    Gauteng government removes HODs who ‘failed lifestyle audits’

    In a crackdown against wrongdoing, the Gauteng Provincial Government has removed three provincial heads of department following their failure of lifestyle audits.

    This was announced by Gauteng Premier Panyaza Lesufi who briefed the media on Wednesday.

    Earlier this year, a report by the Special Investigating Unit revealed that at least 37% of senior officials in the provincial government had failed lifestyle audits.

    “In line with due processes, officials whose lifestyles were found to be inconsistent with the audits were given an opportunity to provide an explanation. In response to these findings, the provincial government, in collaboration with the SIU [Special Investigating Unit] which conducted the audits, have notified the affected employees and directed them to address and rectify the identified areas that the SIU was not happy with.

    “Over the weekend, I received the last reports from the SIU [and] I have now directed the HOD to engage with the relevant HODs so that they can conclude this process. Of the four outstanding reports of these HODs, three of them came back again as failed audit outcomes. 

    “On the basis of this, I’ve taken a decision to immediately remove these HODs from their positions. The DG will facilitate this process and make the public announcement on the changes of administrative head of department,” he said.

    The Premier explained that the move reaffirmed the “commitment to ensure that departments are led by people with impeccable credentials”. 

    Furthermore, the SIU is conducting lifestyle audits for all supply chain and finance officials in departments.

    “Given the scale of this exercise, the SIU will submit reports to departments starting with the Office of the Premier. Currently, investigators are collating outstanding documents, analysing them and compiling submitted information, conducting third party verification and finalising individual audit reports,” Lesufi said.

    Forensic investigations

    At the media briefing, the Premier also released some 47 forensic investigation reports conducted by institutions, including the SIU, the National Prosecuting Authority and the Public Protector.

    “These reports, from multiple departments, cover a range of investigations including alleged cases of abuse of state resources, irregular and unauthorised expenditure, theft, unfair labour practices, ghost employees, procurement irregularities, suspected fraud, Human Resource irregularities, assault and death threats and corruption, amongst others.

    “We are proud to release these reports to indicate our commitment that we will not tolerate any form of corruption. We have taken the recommendations to the MECs so that [they] implement the recommendations,” he said.

    Additionally, a committee in the Office of the Premier has been established to track the implementation of the recommendations from those reports. 

    “The Office of the Premier is tracking the implementation of these forensic investigation reports and recommendations…including financial recoveries, through quarterly reports submitted to the Premier and the Provincial Anti-Corruption Coordinating Committee. 

    “Additionally, the Office of the Premier is supporting the Gauteng provincial government departments to prioritise fund recovery with progress monitored by the Gauteng Audit Committee.

    “To strengthen recovery efforts, the office has already enhanced collaboration with the Asset Forfeiture Unit and the AFU has reaffirmed its readiness to support the Gauteng Provincial Government in asset recovery,” he said.

    For even greater accountability, the provincial government is teaming up with the SIU to facilitate fund recovery.

    “This includes utilising the Special Tribunal at the SIU established by the President…to expedite the recovery of state funds lost due to corruption or irregular expenditure,” he said. – SAnews.gov.za

    NeoB

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: LCQ5: Family offices

    Source: Hong Kong Government special administrative region

    LCQ5: Family offices 
    Question:
     
         According to a consultancy study commissioned by Invest Hong Kong (InvestHK), it was estimated that around 2 700 single family offices were operating in Hong Kong as at end-2023. However, it has recently been reported that quite a number of “fake family offices” have emerged in the market and some of them may even be involved in money laundering or illegal fund-raising activities. In this connection, will the Government inform this Council:
     
    (1) whether it will consider drawing up a clear official definition and establishing a regulatory regime for family offices, and stepping up regulation through legislation or administrative measures to prevent money laundering and other financial crimes; if so, of the specific details; if not, the reasons for that;
     
    (2) whether it has developed corresponding monitoring mechanisms or regulatory measures when considering enhancing the preferential tax regimes for family offices and funds, so as to prevent the relevant regimes from being abused as tax avoidance tools; if so, of the specific details; if not, the reasons for that; and
     
    (3) whether it has plans to provide more systematic training and accreditation schemes for professional talents to meet the demand from family offices for multi-disciplinary professionals, and whether it will regularly assess the effectiveness of the implementation of the policies relating to family offices, including market responses, economic contributions and potential risks; if so, of the specific details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         As an international financial centre and the freest economy in the world, Hong Kong maintains an open market environment. Meanwhile, we also attach great importance to safeguarding the integrity of our financial systems by implementing international standards on anti-money laundering and counter-terrorist financing to deter and detect inward and outward flows of illicit funds.
     
         In consultation with Invest Hong Kong (InvestHK), the Inland Revenue Department (IRD), the Securities and Futures Commission (SFC) and the Hong Kong Academy for Wealth Legacy (HKAWL), my reply to the various parts of the question is as follows:
     
    (1) The Government welcomes all lawful and rule-compliant family offices (FOs) to set up in Hong Kong and respects the private financial arrangement of single FOs. Regarding the regulation of investment activities of FOs, the licensing regime under the Securities and Futures Ordinance is activity-based. Generally speaking, a single FO refers to an arrangement established by members of a single family to manage the family’s assets, investments, and long-term interests. A single FO is required to apply for a licence under the Securities and Futures Ordinance if it carries on a business of regulated activity in Hong Kong, for example, providing asset and wealth management services to clients other than members of the relevant family, and to fulfil relevant code of conduct and statutory requirements applicable to licensed corporations. The above requirements are also applicable to investment companies or multi-FOs. To facilitate the industry’s understanding of the regulatory regime in Hong Kong, the SFC has issued circular on the licensing obligations of FOs and quick reference guides to provide additional guidance.
     
         In addition, professionals of various sectors providing services concerned to FOs will conduct necessary due diligence in compliance with the statutory requirements and relevant guidelines. Among others, the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) provides that financial institutions (including banks, SFC-licensed corporations, insurance companies, money services operators, etc.) and designated non-financial businesses and professions (including solicitors, accountants, estate agents, and trust or company service providers) shall conduct customer due diligence, including identifying and verifying the identity of beneficial owners, continuously monitoring the business relationships with customers, as well as maintaining records. When service providers identify any suspicious transactions, they are also under the legal obligation to report to law enforcement agencies.
     
         Our systems and measures for combating money laundering and terrorist financing have all along adhere to international standards and best practices. We will closely monitor the risks related to money laundering and terrorist financing, as well as the developments in international standards, and will keep our systems and measures under constant review so as to safeguard the integrity and stability of Hong Kong’s financial system.
     
    (2) Family-owned investment holding vehicles (FIHVs) managed by single FOs in Hong Kong fulfilling the minimum asset threshold of HK$240 million and substantial activities requirement can enjoy profits tax exemption for qualifying transactions. Currently, a series of anti-avoidance measures have been put in place for the preferential tax regimes for single FOs and funds. For example, a business undertaking for general commercial or industrial purpose is not eligible for tax concessions with a view to avoiding abuse. The tax regimes also contain the anti-round tripping provisions to prevent abuse or round-tripping by resident persons to take advantage of the profits tax exemption via a fund or FIHV. Meanwhile, the general anti-avoidance provisions of the Inland Revenue Ordinance (IRO) are also applicable to the preferential tax regimes for single FOs and funds. Through these provisions, the IRD can address any artificial or fictitious transaction, disposition that is not in fact given effect to and transaction entered into for the sole or dominant purpose of enabling a person to obtain a tax benefit.
     
         To attract more FOs and high-net-worth individuals to choose Hong Kong as a destination for wealth management, we will enhance the preferential tax regimes for funds, single FOs and carried interest, including expanding the scope of “fund” under the tax exemption regime, increasing the types of qualifying transactions eligible for tax concessions for funds and single FOs, enhancing the tax concession arrangement on the distribution of carried interest by private equity funds, etc.
     
         The Government also proposes to introduce a tax reporting mechanism under the enhanced tax regime for funds to ensure that the funds and special purpose entities meet the relevant tax exemption conditions under the IRO. The Government will continue to closely communicate with the industry on formulating the details of the tax reporting regime, and minimise the compliance burden on funds and special purpose entities under the tax reporting regime.
     
    (3) The Government is committed to expanding the talent pool for wealth management and FOs to support the long-term development of the industry. We have since 2016 implemented the Pilot Programme to Enhance Talent Training for the Asset and Wealth Management Sector to nurture more industry talents. To date, over 4 700 applications for reimbursement of professional training course fees have been approved, and the Programme has provided internship opportunities for over 920 tertiary students, supporting the industry to offer more professional training and learning opportunities, thereby enhancing the professional standards of practitioners. Besides, we have included “management professionals in asset and wealth management (WAM)” and “professionals in compliance in WAM” under the Talent List since 2018 and 2021 respectively, so as to facilitate high-quality talents in these professions to pursue development in Hong Kong.
     
         The Government has also established the HKAWL in 2023 to provide a platform for collaboration, networking, knowledge sharing and talent development, and to provide relevant training for asset owners, wealth inheritors and the FO sector. In 2024-25, the HKAWL organised, co-organised, and participated in over 20 events, enabling asset owners, wealth inheritors and FO practitioners to engage in discussions and exchanges. These events brought together over 3 100 participants.
     
         The Government will maintain close communication with FOs to understand their needs, evaluate the effectiveness of relevant policies and introduce enhancements in a timely manner. For example, the New Capital Investment Entrant Scheme (New CIES) has been well-received by the industry since its launch. As of end-May this year, the New CIES has received over 1 370 applications. The current applications are expected to bring an investment amount of over HK$41 billion into Hong Kong. The Government has also implemented enhancement measures with effect from March 1 this year, allowing investment under the New CIES to be made through an eligible private company wholly owned by the applicant, creating synergy with the tax concession regime for FOs.
     
         According to the research findings of the consultant commissioned by InvestHK and publicised in March 2024, there were around 2 700 single FOs operating in Hong Kong as of end-2023. The number is expected to exceed 3 000 in the near future. Separately, since its establishment in June 2021 up to end-May this year, the dedicated FamilyOfficeHK team of InvestHK has assisted over 190 FOs to set up or expand their business in Hong Kong, and around 150 FOs have indicated that they are preparing or have decided to set up or expand their business in Hong Kong. The performance indicator to attract no less than 200 FOs to establish or expand their operations in Hong Kong by end-2025 as set out in the 2022 Policy Address is likely to be achieved.
     
         Thank you, President.
    Issued at HKT 14:58

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI New Zealand: GLOBAL: Countries must act fast to save the Sustainable Development Goals – Amnesty International

     Source: Amnesty International

    With countries in danger of failing to meet their Sustainable Development Goals targets – and their human rights obligations – leaders attending the Financing for Development Conference must act fast to avert climate catastrophe and guarantee the human rights of billions of people currently being denied socio-economic justice, said Amnesty International.

    The 4th International Conference for Financing for Development will take place from 30 June to 3 July in Seville, Spain. It provides a unique opportunity to reform development financing at all levels and address financing challenges preventing the urgently needed investment push to achieve the Sustainable Development Goals (SDGs) by 2030. The SDGs were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future.

    “Years of underinvestment by all states mean the majority of the Sustainable Development Goals are way off track from their 2030 target. This conference must confront the immediate crisis linked to the cutting of international assistance by major donors, whilst committing to structural reforms that could provide sustainable sources of financing for the longer term – from advancing international tax cooperation and addressing the debt crisis, to reforming international financial institutions and promoting more inclusive systems of financing and development,” said Riva Jalipa, Amnesty International’s Financing for Rights Lead Adviser.

    “A series of robust measures must be put in place if the SDGs are to become a reality. The US and other governments must reverse cuts to aid budgets. Wealthy states must support the UN tax treaty process whilst providing debt relief for countries in or at risk of debt distress including cancellation where appropriate. Fossil fuels subsidies must be redirected towards investment in clean energy and leaders must commit to a full, fast, fair and funded fossil fuel phase out across all sectors and invest adequately in a just and equitable transition. Adopting these measures will go a long way to rescuing the SDGs and ensure social, economic and climate justice for millions across the world.”

    Amnesty International will also be co-hosting a Virtual Side Event at the Financing for Development Conference, Seville: Reparative Justice in Financing for Development. The session will focus on development financing and reparative justice as a means through which a human rights-based economy which redresses both existing and historical injustices can not only be conceptualized but also practically actioned. Register to attend via Zoom.  

    Background

    The Sustainable Development Goals (SDGs) were put in place 10 years ago to guarantee peace and prosperity for people and the planet, now and in the future. The 17 goals aimed to address global challenges, including poverty, inequality, climate change, environmental degradation, peace, and justice – to ensure no one was left behind. However, years of underinvestment by all states mean over 80% of the Sustainable Development Goals (SDGs)’ targets are off track due to underinvestment by all states.

    MIL OSI New Zealand News –

  • MIL-OSI: Toobit Launches DEX+, On-Chain Trading Now Available on Spot Accounts

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, June 25, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today introduces DEX+, a powerful new feature that simplifies on-chain trading. This allows users to access and trade a wide array of early-stage, trending, and high-potential on-chain assets directly from their Toobit Spot account.

    Despite DeFi’s explosive growth to over $90 billion in TVL this year and thousands of monthly token launches, widespread adoption is deterred by complex wallets, costly gas fees, and persistent security concerns, which have resulted in billions in financial losses.

    DEX+ removes these barriers, letting users trade on-chain assets, from governance tokens to meme coins, directly from their Spot accounts with no wallets, keys, or gas required.

    “DeFi is where true innovation happens, and with DEX+, we’re ensuring everyone can participate in that future,” said Mike Williams, Chief Communication Officer at Toobit. “We’ve made accessing decentralized opportunities as intuitive as any spot trade, giving our users the confidence to explore cutting-edge assets within their familiar Toobit account.”

    Key advantages of DEX+

    • Seamless account integration: Existing USDT funds within a Toobit Spot account can now provide access to on-chain opportunities, bypassing the need for separate transfers and additional steps.
    • Lightning-fast and reliable: On-chain trades can be executed with exchange-grade speed and stability, seizing market opportunities instantly.
    • Early access to trending tokens: Traders can discover and acquire high-potential on-chain projects before they reach major exchanges.
    • Enhanced security: Trade with confidence, as on-chain assets are backed by Toobit’s robust account system and multi-layered security infrastructure.

    DEX+ is now available in the latest version of the Toobit app. To start your on-chain trading journey, simply update your app and tap into the DEX+ section under Spot.

    About Toobit

    Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

    For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

    Contact: Davin C.

    Email: market@toobit.com

    Website: www.toobit.com

    Disclaimer: This content is provided by Toobit. 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. Globenewswire does not endorse any content on this page.

    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/d497155a-c15a-4b84-8b37-476185a7dd45

    The MIL Network –

  • MIL-OSI United Kingdom: RAF F-35A marks a significant step in delivering a more lethal Integrated Force and joining NATO Nuclear Mission25 Jun 2025

    Source: United Kingdom – Royal Air Force

    The RAF will be equipped with twelve new F-35A fifth-generation aircraft, as part of the Security Defence Review. The procurement of F-35A marks a significant step in delivering a more lethal “Integrated Force”, to maintain operational relevance, which deters, fights, and wins.

    The F-35A aircraft will be available to fly NATO’s nuclear mission in a crisis, deepening the UK’s contribution to NATO’s nuclear burden-sharing arrangements, and deter those who would do the UK and our Allies harm. It reintroduces a nuclear role for the RAF for the first time since the UK retired its sovereign air-launched nuclear weapons following the end of the Cold War.

    This complements the UK’s own operationally independent nuclear deterrent, strengthens NATO’s nuclear deterrence, and underlines the UK’s unshakeable commitment to NATO and the principle of collective defence under Article V.

    As part of the second phase procurement plans of 27 aircraft, we will purchase a combination of twelve F-35A and fifteen F-35B variants, with options on further purchases examined in the Defence Investment Plan. The UK has a declared headmark of 138 aircraft through the life of the F-35 programme.

    Day-to-day, the F-35As will be used in a training role on 207 Squadron, the Operational Conversion Unit (OCU). As the F-35A carries more fuel than the F-35B variant, it can stay airborne for longer, extending the available training time in each sortie for student pilots. As F-35As also require fewer maintenance hours, there will be increased aircraft availability on the OCU. These factors combined will improve pilot training and reduce the amount of time for pilots to reach the front-line squadrons.

    The F-35A will complement the existing F-35B, offering a family of strike aircraft that significantly reduces life-cycle costs, meets operational requirements, and improves F-35 Force Generation for Carrier Strike operations.

    Designed to operate from conventional runways, the F-35A offers increased range, increased payloads, and increased agility. The new fast jets will be based at RAF Marham and support the stand-up of a third front line F-35 Lightning Squadron. 

    The F-35A is the common variant in Europe making it a force multiplier for NATO. This will strengthen allied deterrence and interoperability, supporting the Alliance for the challenges of today and tomorrow.

    “The threat we now face is more serious and less predictable than at any time since the Cold War. We face war in Europe, growing Russian aggression, new nuclear risks, and daily cyber attacks at home. Equipping the RAF with F-35A aircraft demonstrates our unshakeable commitment to our ‘NATO First’ principle, acting as a potent deterrent to those who would do the UK and our Allies harm.” 
    Chief of the Air Staff, Air Chief Marshal Sir Rich Knighton

    “For routine day-to-day operations, we have deliberately chosen to home the F-35A on the Operational Conversion Unit, as it can provide greater flying time per sortie and requires less maintenance hours. Consequently, it will reduce the time taken to train new pilots and improve F-35 Force Generation to support Carrier Strike operations around the world.” 
    Director Capability and Programmes, Air Vice-Marshal Beck 

    Typhoon will remain a fundamental part of the UK’s Combat Air mix. The synergy between Typhoon and F-35 Lightning forms a powerful, interoperable force, offering a blend of air-to-air dominance, stealth, and versatile air-to-ground capabilities. We will create an RAF with new generation jets including GCAP, F35A, F35B and Typhoon, supported by autonomous wingmen, to defend Britain’s skies and strike anywhere in the world.

    Specification F-35A Lightning II F-35B Lightning II
    Length 51.4 ft / 15.7 m 51.2 ft / 15.5 m
    Speed Mach 1.6 Mach 1.6
    Wingspan 35 ft / 10.7 m 35 ft / 10.7 m
    Wing Area 460 ft² / 42.7 m² 460 ft² / 42.7 m²
    Combat Radius (Internal Fuel) >590 n.mi / 1,093 km >450 n.mi / 833 km
    Range (Internal Fuel) >1,200 n.mi / 2,200 km >900 n.mi / 1,667 km
    Internal Fuel Capacity 18,250 lb / 8,278 kg 13,100 lb / 5,942 kg
    Max G-Rating 9.0 7.0
    Weapons Payload 18,000 lb / 8,160 kg 15,000 lb / 6,800 kg
    Propulsion F135-PW-100 F135-PW-600
    Thrust (Max / Mil) 40,000 lb / 25,000 lb 38,000 lb / 26,000 lb (40,500 ib vertical)

    *Maximum Power (Max) = With Afterburn

    Military Power (Mil) = Without Afterburn

    To view the official government announcement, please visit: https://www.gov.uk/government/news/uk-to-purchase-f-35as-and-join-nato-nuclear-mission-as-government-steps-up-national-security-and-delivers-defence-dividend

    All imagery is current RAF F-35B variant.  

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Council secures new tourism office for Edinburgh’s Royal Mile

    Source: Scotland – City of Edinburgh

    249 High street is to the right of the arches in front of the City Chambers

    Edinburgh’s visitor information centre at 249 High Street has been secured for the next 25 years.

    Councillors on the Finance and Resources Committee have unanimously agreed to lease the prominent location for £150,000 a year to the Cobbs group, a family-run hospitality business with 35 sites across Scotland.

    The decision follows the departure of Visit Scotland from the building in March, as it closes all of its in-person tourism hubs in Scotland.

    With Living Wage employer Cobbs at the helm, up to 15 jobs are expected to be created at the visitor information centre. It will feature stalls promoting Edinburgh attractions and Scottish tour operators, a Cobbs café selling traditional Scottish baking and a ‘Made in Scotland’ showcase as part of the centre’s retail offering.

    Councillor Mandy Watt, Finance and Resources Convener, said:

    While more and more visitors are planning their trips to Edinburgh online, you can’t beat a warm Scottish welcome face to face.

    We believe there remains an appetite for this type of in-person experience for visitors, particularly with the draw of a shop and a café, so I’m pleased that we’ve been able to secure the visitor information centre’s future.

    This will prove invaluable as we encourage tourists to visit all parts of the city in all seasons as part of the city’s tourism strategy, and as we introduce Edinburgh’s Visitor Levy next summer. The lease will also support us to raise income worth £3.5 million over the next 25 years.

    Cobbs is well established throughout Scotland with the family nearing 40 years of tourism experience and we’re looking forward to welcoming them into the space.

    Fraser Campbell, Managing Director of the Cobbs Group, said:

    We’re well established in Scotland as the Cobbs group and we proudly operate 35 sites across the country. Opening a tourism office in the heart of Edinburgh is a dream and we’re excited to take over the lease. Right in the heart of Edinburgh’s festival action, it is the ideal site for showcasing everything the city and Scotland has to offer.

    We’re particularly keen to highlight local experiences and ‘Made in Scotland’ items where we can and I’d urge makers and crafters to please get in touch so that we can offer a unique and authentic range for tourists to enjoy on Edinburgh’s famous Royal Mile.

    Makers, crafters and businesses selling locally produced products are welcome to contact irene.hurwood@cobbs.info to express an interest in collaborating with Cobbs on their ‘Made in Scotland’ retail showcase. 

    Published: June 25th 2025

    MIL OSI United Kingdom –