Category: Finance

  • MIL-OSI USA: UConn School of Business to Induct Five Distinguished Business Executives into ‘Hall of Fame’

    Source: US State of Connecticut

    The School of Business will induct five alumni business leaders into its ‘Hall of Fame’ during a dinner and ceremony on Friday, April 11 at the Hartford Marriott Downtown.

    The School’s signature event typically draws hundreds for a night of celebration.

    “This year, we proudly induct five exceptional alumni into the UConn School of Business Hall of Fame. Their remarkable achievements, leadership, and dedication to service place them among the most distinguished executives in their fields,’’ says Professor Greg Reilly, interim dean of the School of Business.

    “A highlight of the evening is hearing their reflections on their time at UConn and the invaluable advice they offer to students and young alumni,’’ he says. “The Hall of Fame celebration stands as one of the most inspiring and anticipated events of the year.”

    Tickets to the event, which is black-tie optional, are $175 each. There is still time to become an event sponsor as well. For reservations or additional information, please visit: alumni.business.uconn.edu.

    This year’s inductees include:

    Entrepreneur Trisha Bailey Believes in Exceptional Service

    Trisha Bailey, ’99 (CLAS) ’23 (HON) is an entrepreneur, and the founder and CEO of Bailey’s Pharmacy & Medical Equipment & Supplies, a company built on a culture of exceptional service. She oversees her flagship company, as well as other successful enterprises, employing more than 500 people and generating revenue in the hundreds of millions annually. She is also the mother of five.

    Tricia Bailey (contributed photo)

    Bailey graduated with a bachelor’s degree from UConn in 1999, majoring in human development and family relations, and received an honorary degree from the School of Pharmacy in 2023.

    A track standout at Weaver High School in Hartford, Bailey has been a generous donor to UConn Athletics and became the first woman to have a building named in her honor on campus. She is also involved in real estate development and housing; is a minority owner of NBA teams; and is the owner of the largest equestrian farm in Florida.

    A native of Jamaica, she is deeply committed to community impact, supporting underserved communities in her native land and in the U.S., supporting nursing programs, and food and toy drives.

    Her autobiography “UNBROKEN’’ addresses her complex life journey and shares her deeply held values of compassion, excellence, and empowerment.

    Laurie Havanec Led 300,000 Employees at CVS Health

    Laurie Havanec ’82 (BUS), ’94 JD recently retired from CVS Health, where she served as Executive Vice President and Chief People Officer. In that role, she was responsible for 300,000 employees. Prior to joining CVS, Havanec served as Executive Vice President and Chief People Officer at Otis Worldwide Corporation, including during its transition from United Technologies Corporation to an independent, publicly traded company.

    Laurie Havanec (contributed photo)

    Havanec earned her bachelor’s degree, with a marketing major, from the School of Business in 1982. Six weeks after the birth of her second child, she returned to UConn to fill her longtime desire to study law at the UConn Law School. She completed her degree with honors.

    In 2019, Havanec endowed a need-based scholarship, through UConn Women and Philanthropy, to help women in their path to law school. She has served on the Board of Directors of American Water, as a member of the Board of Trustees for both the Connecticut Women’s Hall of Fame and the Connecticut Governor’s Committee on Workforce and Education. A two-time cancer survivor, Havanec has told her story many times to help educate women about the importance of breast-cancer detection and prevention.

    Inclusivity Always Important to John Hodson

    John Hodson ’85 (BUS), is the Founder and President of True Benefit, a division of AmWINS, a company that goes beyond traditional employee benefits to foster a culture of inclusivity, ethical practices, and community engagement. The company’s mission is to serve both business and the broader community and he has championed diversity, equity, and belonging throughout his career.

    John Hodson (contributed photo)

    Hodson earned his bachelor’s degree, with a marketing major, in 1985 and worked at The Travelers and ConnectiCare. He then became an insurance broker and eventually founded True Benefit. Since its inception, the company has grown to become the exclusive program and risk manager for ADP Total Source, the largest professional employer organization in the nation. True Benefit now serves more than 750,000 employees nationwide, overseeing more than $4 billion in healthcare premiums and delivering healthcare savings and solutions for small- to mid- sized businesses.

    A dedicated advocate for LGBTQ+ rights and racial equity, Hodson has worked to improve insurance policies for the transgender community, addressing gaps in coverage and access to mental health care. He is also a proud supporter of UConn’s Name, Image, and Likeness (NIL) initiatives, with a focus on promoting mental health and the wellbeing of students. He is actively involved with several professional organizations and serves on the Board of Trustees at Sarah Lawrence College, which two of his children attended.

    Greg Lewis Served as SVP and CFO of Honeywell

    Greg Lewis ’91 (BUS) is the former Senior Vice President and CFO of Honeywell, a Fortune 100 company. This month, he will be stepping down from those roles and is serving as a special advisor to the CEO of the company, where he has worked since 2006.

    Greg Lewis (contributed photo)

    During his time at Honeywell, he served as a catalyst for digital transformation, launched the company’s Enterprise Information Management Strategy and made significant changes for greater operational excellence. He built a culture with data at the forefront of strategic decision making and provided critical leadership in response to the COVID-19 pandemic and the dynamic economic and geopolitical environment during the last five years.

    Lewis earned his bachelor’s degree from the School of Business in 1991, with a major in finance, and four years later earned an MBA from Fordham University.

    Over the last three years, Lewis has been involved with the School of Business,  engaging with faculty and students, and mentoring teams. Lewis is a champion of diversity and inclusion and is the executive sponsor of the All-Abilities Employee Network at Honeywell with over 2,500 associates. He chairs the Charlotte (NC) Small Business Innovation Fund and is a board member for Roof Above, a Charlotte-based organization fighting homelessness. He is also an independent director on the board of Medtronic.

    Lewis’ wife, Barbara, is a 1989 graduate of the School of Business. They have established a scholarship here, providing opportunities based on academic achievement and need.

    Rob Skinner Named a Top Financial Advisor

    Rob Skinner ’93 (CLAS) is a Founder and Managing Partner of IEQ Capital, an independent wealth management advisory firm which integrates investing and intellectual and emotional decisions.

    Robert Skinner (contributed photo)

    Skinner began his career at Fidelity Investments in 1995 and later joined Merrill Lynch as First Vice President of Investments. In 2008, he co-founded Luminous Capital, where he served as Chief Investment Officer, Co-Head of Investment Research, and Co-Manager of Portfolio Construction.  Luminous Capital managed $5.5 billion of assets when it was acquired by First Republic Bank in 2012. At First Republic, Skinner served as Senior Managing Director and Wealth Manager.

    Skinner has been lauded for his expertise, including being named as one of America’s Top Wealth Advisors by Forbes and as one of America’s Top 100 Financial Advisors by Barron’s.

    Skinner earned a bachelor’s degree from UConn in 1993, with a major in political science. He is active in a host of community programs, serving on the board of directors for The First Tee of Monterey County and also the Pebble Beach Company Foundation. He is a trustee of PGA REACH, the charitable arm of the PGA of America, as well as the Naval Postgraduate School Foundation, and serves on multiple investment advisory boards.

    MIL OSI USA News

  • MIL-OSI: APAM Announces Jason Gottlieb as Chief Executive Officer and Eric Colson as Executive Chair

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, March 04, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM, the “Company”) announced today the appointment of Jason Gottlieb, current President of the Company, to succeed Eric Colson as Chief Executive Officer, and the appointment of Mr. Colson as Executive Chair of the Company, each effective following the Company’s 2025 annual meeting of stockholders on June 4, 2025. At that time, it is expected that Mr. Gottlieb will be elected to the Company’s Board of Directors, and Mr. Colson will become Chair of the Board, assuming the role from Stephanie DiMarco who will transition to Lead Independent Director.

    Mr. Gottlieb joined Artisan Partners in October 2016 as a Managing Director of Investment Operations. He was promoted to Chief Operating Officer of Investments and Executive Vice President in February 2017 and President in January 2021. Prior to joining the firm, Mr. Gottlieb was a partner and managing director at Goldman Sachs where he was a leader in Goldman Sachs’ Alternative Investment & Manager Selection Group and a portfolio manager on the Goldman Sachs Multi-Manager Alternatives Fund.

    Mr. Colson said, “Appointing Jason as CEO is the culmination of our long-term leadership succession plan and the natural evolution of his current responsibilities. Given his proven track record of leadership and management along with his strategic contributions to the Company over time, our Board of Directors and I have tremendous confidence in Jason’s ability to lead Artisan. I look forward to my continued partnership with Jason and the senior management team in my new role as an active and engaged Executive Chair.”

    “I am honored to have the opportunity to lead this world-class investment organization, further expand our multi-asset investment platform and drive the growth of our business,” added Mr. Gottlieb. “We believe we are well positioned to seize the right opportunities to grow our business and continue to deliver successful outcomes for our clients, employees and shareholders.”

    About Artisan Partners
    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Press Inquiries
    Eileen Kwei
    800.399.1770
    eileen.kwei@artisanpartners.com

    Forward-Looking Statements

    Certain statements in this release are “forward-looking statements” within the meaning of the federal securities laws. Statements regarding future events and our future performance, as well as management’s current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are only predictions based on current expectations and projections about future events. These forward-looking statements are subject to a number of risks and uncertainties, and there are important factors that could cause actual results, level of activity, performance, actions or achievements to differ materially from the results, level of activity, performance, actions or achievements expressed or implied by the forward-looking statements. These factors include: the loss of key investment professionals or senior management, adverse market or economic conditions for whatever reason, poor performance of our investment strategies, change in the legislative and regulatory environment in which we operate, operational or technical errors or other matters that cause damage to our reputation, and other factors disclosed in the Company’s filings with the Securities and Exchange Commission, including those factors listed under the caption entitled “Risk Factors” in Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on February 25, 2025, as such factors may be updated from time to time. Our periodic and current reports are accessible on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

    © 2025 Artisan Partners. All rights reserved.

    The MIL Network

  • MIL-OSI: Beamr Issues Annual CEO Letter to Shareholders: Highlighting 2024 Achievements and 2025 Strategy – Capitalizing on Market Validation

    Source: GlobeNewswire (MIL-OSI)

    In 2025, Beamr plans to leverage the strong market validation it has gained in numerous meetings with prospective customers across key target markets, as well as participation in major events with industry leaders

    Herzliya, Israel, March 04, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer.

    Dear Shareholders:

    As we look toward a promising and exciting year ahead, I am proud to reflect on Beamr’s achievements throughout 2024, including our financial results and strong cash position for 2024, our recent accomplishments so far in Q1 2025, and look forward to our plans for Q2 2025. We believe that during 2025, Beamr will capitalize on the significant validation it has created in 2024 and convert prospects in the sales funnel into significant revenue growth in the next quarters.

    2024 Highlights

    Beamr Cloud and AI workflows

    On February 20, 2024, we launched the Beamr Cloud SaaS solution, which enables high-efficiency, high-quality and scalable video processing at attractive pricing. Our new video cloud service, accelerated by GPUs, offers more capabilities than we initially expected, which include easy and cost-effective video standards modernization from AVC to HEVC and AV1.

    Following the launch of Beamr Cloud, throughout the year, we continued to strengthen our relationships with industry leaders, such as NVIDIA, to highlight the benefits and features of using our technology in real time with AI video workflows.

    In Q2 2024, we successfully executed on our product development plan, and the first AI video capabilities were integrated into Beamr Cloud. The AI video enhancements allow automatic caption and transcription generation for videos in multiple languages. Incorporating these AI features was a first step in augmenting Beamr Cloud with cutting-edge services.

    We incorporated customer feedback by enhancing Beamr Cloud’s core functionality, making it ready for adoption at scale, which includes:

    • Giving users more control over the compression process using custom presets; and   
    • Adding packaging for streaming.

    Furthermore, we plan to continue introducing improvements to Beamr Cloud, making it easier to use and allow customers higher configurability and flexibly using the service.

    Collaborations with Industry Giants

    In 2024, Beamr highlighted its market presence by participating in eight leading trade shows and conferences, including ACM Mile High Video, GTC, NAB, SIGGRAPH, Oracle CloudWorld, IBC ,Demuxed and AWS re:Invent.

    In IBC, Beamr showcased a demo of live video optimization at 4K and up to 60 frames per second (4Kp60). In SIGGRAPH, we presented with Oracle Cloud Infrastructure (OCI) an optimized production of large, high-quality, high-resolution videos rendered from 3D design.

    During these events, Beamr executives delivered high-impact presentations to hundreds of industry professionals, showcasing our innovative technology and expanding SaaS solutions. Furthermore, we held over 100 face-to-face meetings with existing and prospective customers. These efforts focused on differentiating Beamr in the video market and highlighting the value of our high-quality, high-efficiency, GPU-accelerated SaaS offerings to key and prospective customers in emerging markets, such as Media & Entertainment, User-Generated content and Internet-of-Things.

    Oracle Cloud Infrastructure (OCI)

    Beamr Cloud was launched on OCI in June 2024. OCI is the second cloud service that provides to its customers Beamr’s GPU-based video optimization services, following AWS.

    David Hicks, Oracle’s group vice president, Worldwide ISV Cloud Business Development commented: “Beamr’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled, automated, and scalable video processing solutions ready to meet critical business needs.”.

    The collaboration with OCI has opened up access to customers of both companies to the newest generation of GPUs, and preliminary testing showed the potential for increased video processing speed by up to 30%. Alongside the enhanced service on a second cloud platform, Beamr has achieved “Powered by Oracle Cloud Expertise” status and was chosen as one of OCI’s AI innovators.

    Fundraising Activities

    Following our initial public offering on Nasdaq in March 2023, in February 2024, we raised gross proceeds of $13.8 million in an underwritten offering. At the end of 2024, we had $16.4 million in cash and cash equivalents.

    2025: Capitalizing on Market Validation and Materializing the Sales Funnel into Significant Revenues

    Market Validation: Amazon Web Services – ISV Accelerate

    In Q1 2025, Beamr joined the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners. As an Independent Software Vendor (ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months.

    In order to achieve the high bar to ISV Accelerate program, Beamr was required to have 10 opportunities with AWS and go through a Foundational Technology Review (FTR), which validates that our solution is well-architected and using best practices specific to our SaaS.

    The AWS ISV program offers key benefits to drive visibility and co-selling opportunities. By joining, Beamr can expand sales operations through the AWS sales organization and the AWS Marketplace, driving increased growth for Beamr Cloud – the video optimization service that is seamlessly connected with AWS S3 cloud storage service. For example, AWS Account Managers are eligible for incentives when selling Beamr Cloud through AWS Marketplace. They also gain exposure to ISVs through solution partner recommendation engines.

    AI Video Webinar

    In January 2025, Beamr hosted a webinar titled: “The Future of AI Video – From Infrastructure to Experience”. The webinar featured Richard Kerris, VP of Media & Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media & Entertainment at Oracle and myself. The webinar discussed the platforms and technologies that drive the AI video revolution, and explored the opportunities and challenges of AI -powered media content.

    Webinar hosted by Beamr about AI video

    Keynote to Industry Leaders

    In February 2025, Beamr participated in the ACM Mile-High-Video, and I presented a keynote titled: “Is the Future of Video Processing Destined for GPU?”. The ACM Mile-High-Video conference is a flagship video formats and streaming event, held annually in Denver, and organized by engineers and researchers from both industry and academia.

    This month, Beamr will participate in NVIDIA GTC 2025, with my session discussing the evolution of video compression and the ability to efficiently enhance videos with AI-driven capabilities in real-time during video transcoding, utilizing GPU acceleration.

    CEO Sharon Carmel presenting keynote at ACM Mile-High Video 2025

    SaaS planning for 2025 – from Capabilities to Solutions

    In 2025, we plan to introduce more solutions, as part of our evolving strategy – to further develop our technology, enhance Beamr Cloud’s video workflows and introduce more AI-driven capabilities. This is all based on the numerous meetings we have conducted with prospective customers, as well as on the events we held and attended by industry leaders providing valuable feedback.

    The key target markets we are focused on include: 

    • Media & entertainment
    • User-generated content
    • Internet of things – autonomous vehicles, and other machine learning-driven industries; and

    All identified markets that rely on video as a core component of their business operations can benefit from our offering of GPU-accelerated, high-quality and AI-driven video pipelines, whether deployed via cloud platforms, such as AWS and OCI, private cloud environments for enterprises, or on-premises infrastructure.

    In addition, we plan to continue to advancing our core capabilities and maintain leadership in AI video. Some of the planned core capabilities include:

    • Increasing subjective and objective video quality, and
    • Turning lower resolution videos to high resolution videos using super resolution.

    We anticipate a strong year ahead, with expanded participation in top industry events, increased customer and partner collaborations, and a deeper commitment to strategic partnerships.

    In just the first two months of 2025, Beamr has taken its partnership with AWS to the next level, to a co-sale level, has hosted industry leading companies in its own event and has been chosen to present its technology and achievements at leading industry conferences. We believe this validation shows the recognition that Beamr has achieved in the market.

    The plan for the upcoming quarters and the rest of 2025 is to capitalize on the strong industry recognition and sales pipeline that we have been developing, and we are expecting significant growth in our revenues in 2025 from our existing sales funnel.

    2024 Financial Results

    Regarding our financial results for 2024:

    • Revenues increased by $0.15 million or 5% to $3.06 million for the year ended December 31, 2024, from $2.9 million for the year ended December 31, 2023. The increase was primarily due to transactions with new customers versus other transactions that were terminated.
    • Cost of revenues increased by $0.14 million to $0.24 million the year ended December 31, 2024, compared to $0.1 million for the year ended December 31, 2023. The increase was primarily due to the amortization of internal-used software costs.
    • Research and development expenses increased by $1.06 million, or 58% to $2.9 million for the year ended December 31, 2024, from $1.8 million for the year ended December 31, 2023. The increase was primarily due to an increase of $0.4 million in salaries, due to increased personnel and an increase of $0.48 million in professional fees due to additional sub-contractors and cloud costs.
    • Selling and marketing expenses increased by $0.31 million, or 88% to $0.67 million for the year ended December 31, 2024, from $0.36 million in 2023. The increase was primarily due to an increase in personnel and an increase in conference costs.
    • General and administrative expenses increased by $0.96 million, or 64% to $2.4 million for the year ended December 31, 2024, from $1.5 million in 2023. The increase was primarily due to increased personnel, increase in professional fees related to public company requirements and increased travel expenses to conferences.
    • Financing expenses, net decreased by $0.3 million, or 141% to ($0.09) million for the year ended December 31, 2024, from $(0.2) million in 2023. The decrease was primarily due to changes in fair value of liabilities offset by interest income on bank deposits.
    • Net loss for the year ended December 31, 2024 was $3.3 million or $0.22 basic net loss per ordinary share, compared to a net loss of $0.7 million, or $0.06 basic net loss per ordinary share, in the year ended December 31, 2023.
    • Beamr ended 2024 with $16.4 million in cash and cash equivalents, compared to $6.1 million as of December 31, 2023.

    In closing, 2024 represented a year of significant progress for Beamr as we executed on our plan by releasing and upgrading Beamr Cloud with AI video processes and workflows, participating in top industry events and increasing our customer and partner collaborations. Importantly, with our cash position at the end of 2024, we continue to have the financial flexibility to both accelerate the growth of our existing business and pursue compelling business development opportunities, a process we are actively engaged in.

    Respectfully,

    Sharon Carmel
    Chief Executive Officer, Beamr Imaging Ltd.

    A copy of Beamr’s annual report on Form 20-F for the year ended December 31, 2024 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on Beamr’s investor relations website at https://www.investors.beamr.com/. Beamr will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at investorrelations@beamr.com.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition, including its expectations for significant revenue growth in 2025. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law. investorrelations@beamr.com

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network

  • MIL-OSI: Toobit Launches USDC-M Perpetual Contracts

    Source: GlobeNewswire (MIL-OSI)

    GEORGE TOWN, Cayman Islands, March 04, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning cryptocurrency derivatives exchange, today launches two new USDC-M Perpetual Contracts. Created to build greater price stability and capital efficiency on the trading platform, the product launch will begin with the flagship pairs, BTC/USDC and ETH/USDC.

    “As crypto markets mature, traders increasingly demand a more predictable margin system,” said Mike Williams, Chief Communication Officer of Toobit, “USDC perpetuals delivers on this need by minimizing exposure to potential fluctuations, making advanced trading strategies more accessible than ever.”

    By reducing exposure to collateral volatility, traders can manage risk more effectively on Toobit, while still accessing leverage of up to 175x.

    The crypto exchange also adopts transparent real-time PnL calculations and institutional-grade matching engines– platform features operating behind the scenes to ensure a seamless trading experience around the clock.

    USDC-M Perpetual Contracts, also known as USDC-M Perpetuals, are settled with USD Coin (USDC). Similar to USDT-M Perpetual Contracts, fees are typically settled between the long position holders and short position holders every 8 hours.

    To start trading, users simply need to transfer USDC to their derivatives account, navigate to the USDC Perpetual Contracts section, select their preferred leverage, and execute their positions. Fees can range from 0.02% for makers and 0.06% for takers.

    For more information on Perpetual Contracts, visit the Derivatives tab on http://www.toobit.com

    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: WebsiteX | 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. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining and related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/99598cab-c5c8-4c8a-8eb5-7ff63152d8c5

    The MIL Network

  • MIL-OSI: Municipality Finance Group’s Annual Report for 2024 published

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    4 March 2025 at 2:00 pm (EET)

    Municipality Finance Group’s Annual Report for 2024 published

    Municipality Finance Group’s Annual Report and Corporate Governance Statement for the year 2024 have been published in English and Finnish.

    MuniFin Group’s Annual Report fulfills the reporting requirements of European Single Electronic Format (ESEF). In accordance with these requirements, Report of the Board of Directors and the Consolidated Financial Statements are published not only in the Annual Report file but additionally in a separate zip file in which Report of the Board and the Financial Statements are marked up with XBRL tags. These ESEF Financial Statements have been subject to an independent auditor’s assurance.

    MuniFin Group has also published Pillar 3 Disclosure document in accordance with Regulation (EU) No 575/2013 and Directive 2013/36/EU. The document is available in English. The remuneration aspects of Pillar 3 reporting are also available separately in Finnish in MuniFin Group’s Remuneration Report 2024.

    MuniFin Group has also published its Green Impact Report and Social Impact Report for 2024 in English.

    All of the above-mentioned reports are available on MuniFin’s website at www.munifin.fi.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

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

    MuniFin builds a better and more sustainable future with its customers. MuniFin’s customers include municipalities, joint municipal authorities, wellbeing services counties, corporate entities under their control, and non-profit organisations nominated by the Housing Finance and Development Centre of Finland (ARA). Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

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

    Read more: www.munifin.fi

    Important Information

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

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

    Attachments

    The MIL Network

  • MIL-OSI: FactSet Acquires LogoIntern

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., March 04, 2025 (GLOBE NEWSWIRE) — FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, announced the acquisition of TableTop Data, Inc. (“LogoIntern”), a workflow tool beloved by junior bankers to streamline the unenviable task of adding, organizing, and formatting logos into pitch decks. This acquisition builds on FactSet’s recently launched Pitch Creator solution to bring automation to another time-consuming and manual aspect of a junior banker’s daily workflow.

    “So many of us have spent too much time resizing, reordering, and manipulating logos in presentations. While an annoyance for most, for our investment banking clients, this tedious and mundane task is a necessary part of their pitch creation workflow,” said Kendra Brown, Senior Vice President and Senior Director of Banking and Sell-Side Research at FactSet. “FactSet is committed to improving junior banker productivity and driving deal capacity. Incorporating LogoIntern into our product portfolio will free up time for our users to focus on more interesting, higher-value work.”

    Founded in 2016 by a former investment banking analyst, LogoIntern offers a productivity solution that helps financial services professionals create well formatted logo outputs for presentations faster. Current customers include leading global investment banks, boutique advisors, middle market banks, and private equity and venture capital firms.

    “When I started LogoIntern, my goal was to create modern software tools that make tedious work better for junior bankers,” said Jack Archer, Founder and CEO, LogoIntern. “I’m excited to continue this mission at FactSet and join the team in building the next generation of banker productivity solutions that empower users and bring new-found efficiency to their daily work.”

    The transaction closed on March 3, 2025 and is not expected to have a material impact on FactSet’s fiscal 2025 results.

    About FactSet 

    FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 218,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet

    Investor Relations:
    investor_relations@factset.com 

    Media Relations:
    Megan Kovach
    +1.512.736.2795
    megan.kovach@factset.com

    The MIL Network

  • MIL-OSI: Lantronix Powers Next-Generation AI-Enabled Camera Solutions With Seamless Teledyne FLIR Thermal Integration

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Lantronix Inc.  (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a breakthrough in AI-powered camera technology with the seamless integration of its high-performance Open-Q™ System-on-Module (SoM) solutions including hardware and software with Teledyne FLIR’s thermal infrared (IR) camera modules and Prism™ embedded software. This integration accelerates the development of next-generation AI-enabled camera solutions in autonomous navigation/drones, surveillance and robotics.

    Powered by Lantronix’s cutting-edge Open-Q SoMs, based on the Qualcomm Dragonwing™ QRB5165 and QCS8250 processor platforms, this solution delivers unparalleled processing capabilities for AI-driven situational awareness, advanced computational imaging and real-time decision-making. Lantronix’s seamless technology integration provides a competitive edge, enabling developers to create high-performance, size-, weight- and power-optimized (SWaP) AI camera solutions that push the boundaries of innovation.

    Lantronix at the Forefront of AI Edge Intelligence

    “With Lantronix’s Open-Q SoMs, developers can confidently build AI-powered solutions knowing they are backed by industry-leading embedded compute technologies that deliver longevity, reliability and continuous innovation,” said Mathi Gurusamy, Chief Strategy Officer at Lantronix. “By integrating with Teledyne FLIR’s advanced thermal camera modules, Lantronix provides a turnkey embedded AI solution that maximizes performance while simplifying development and deployment,” he added.

    Advanced AI and Thermal Processing

    Lantronix’s integration of Teledyne FLIR Prism into the Qualcomm Dragonwing QRB5165 and QCS8250 platforms brings advanced thermal image signal processing (ISP) and AI capabilities to edge devices. Key features include:

    • Prism ISP: Super resolution, turbulence mitigation, atmospheric obscurant correction, de-noising, image fusion, electronic stabilization, and local contrast enhancement.
    • Prism AI: Real-time object detection, motion target indication, and high-speed target tracking at video frame rates.

    Lantronix’s Open-Q SoMs fully support Teledyne FLIR Hadron™ dual visible-thermal and Boson® thermal camera modules, allowing for simultaneous color and infrared video capture across multiple MIPI-CSI camera interfaces. Key configurations include:

    • Hadron Camera: Integrated with the Lantronix Open-Q 8250 SoM, featuring the Dragonwing QCS8250 processor running Android™.
    • Boson Camera: Integrated with the Lantronix ultra-compact Open-Q 5165 SoM, leveraging the Dragonwing QRB5165 platform on Linux®.

    Teledyne FLIR on the Lantronix Collaboration

    “Our collaboration with Lantronix adds flexibility for integrators developing thermal-enabled AI-based platforms,” said Michael Walters, Vice President of Product Management at Teledyne FLIR OEM. “Our SWaP-optimized IR camera modules and ultra-low embedded software processing power simplify thermal management and extend battery life for autonomy applications.”

    Lantronix Open-Q 5165: Optimized for AI and Edge Computing

    Lantronix’s Open-Q 5165 is an ultra-compact (50mm x 29mm), production-ready, pre-certified SoM based on the powerful Dragonwing QRB5165 platform. Features include:

    • Qualcomm Spectra™ ISP, Qualcomm® Adreno™ GPU, and Qualcomm® Hexagon™ DSP
    • 5th generation Qualcomm® AI Engine, with twice the performance of the previous generation, with up to 15 trillion operations per second
    • Wi-Fi 6 connectivity, advanced camera features and many high-speed interfaces

    Lantronix will display its SoMs in the Qualcomm Technologies booth at Hall5/5-161 at Embedded World, March 13–15, 2025, in Nuremberg, Germany.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm, Qualcomm Dragonwing, Qualcomm Spectra, Snapdragon, Adreno and Hexagon are trademarks or registered trademarks of Qualcomm Incorporated.

    The MIL Network

  • MIL-OSI: Bitfarms Announces Participation in Upcoming Investor and Industry Conferences

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Ontario, March 04, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced its participation in three upcoming investor and industry conferences.

    Investor Event Details:

    Event: Cantor Fitzgerald Global Technology Conference
    Date: March 12, 2025
    Location: New York, NY
    Bitfarms Participants: Ben Gagnon (CEO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)
    Panel Time: 3:40pm-4:05pm ET
    Panel Title: “Hybrid Model for Bitcoin Mining & AI”; CEO Ben Gagnon to participate

    Event: 37th Annual ROTH Conference
    Date: March 17-18, 2025
    Location: Dana Point, CA
    Bitfarms Participants: Liam Wilson (COO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)

    Industry Event Details:

    Event: NVIDIA GTC 2025
    Date: March 17-21, 2025
    Location: San Jose, CA
    Bitfarms Participants: Liam Wilson (COO), Philippe Fortier (EVP, Corporate Development), Alex Brammer (SVP, Mining Operations), Craig Hibbard (SVP, Infrastructure)

    For additional information or to schedule 1×1 meetings at any of the above conferences, please reach out to investors@bitfarms.com.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 13 operating Bitcoin data centers, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications
    cbaker@bitfarms.com 

    The MIL Network

  • MIL-OSI: Next Hydrogen receives its ISO 9001 and ISO 45001 certifications

    Source: GlobeNewswire (MIL-OSI)

    MISSISSAUGA, Ontario, March 04, 2025 (GLOBE NEWSWIRE) — Next Hydrogen Solutions Inc. (“Next Hydrogen“ or the “Company”) (TSXV:NXHOTC:NXHSF) is pleased to announce that it has received official ISO 9001-2015 and ISO 45001-2018 certification notices for its 6610 Edwards Blvd site in Mississauga, Canada. These certifications demonstrate and certify Next Hydrogen’s standardized quality systems, health and safety management systems, supplier selection processes, and continuous improvement processes.

    With these certifications Next Hydrogen has demonstrated that we have a robust operating system that can be scaled quickly to effectively support our growing customer base. Team Next Hydrogen is poised to exceed our customers’ expectations and become the supplier of choice for green hydrogen electrolysis systems. In 2024, the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) provided a $2 million investment to Next Hydrogen which was critical in allowing Next Hydrogen to further enhance its quality standards and processes to help secure these certifications.

    “These important certifications highlight our team’s continued commitment and dedication to build our brand steeped in innovation, quality, safety and reliability”, said Raveel Afzaal, President & CEO. “We are particularly grateful to FedDev Ontario for their financial support to achieve this critical milestone as part of our scale-up activities.”

    “Congratulations to Next Hydrogen on this impressive milestone. Investments in clean technology companies, like Next Hydrogen, bolster Canada’s position as a global leader in green manufacturing and support our carbon reduction objectives,” said the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario.

    About Next Hydrogen Solutions Inc.
    Founded in 2007, Next Hydrogen Solutions Inc. is a designer and manufacturer of water electrolyzers that use water and electricity as inputs to generate clean hydrogen for use as a green energy source or a green industrial feedstock. Next Hydrogen’s unique cell design architecture supported by 40 patents enables high current density operations and superior dynamic response to efficiently convert intermittent renewable electricity into green hydrogen on an infrastructure scale. Following successful pilots, Next Hydrogen is scaling up its technology to deliver commercial solutions to decarbonize transportation and industrial sectors. For further information: www.nexthydrogen.com

    About FedDev Ontario
    For 15 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario’s X, Facebook, Instagram and LinkedIn.

    Cautionary Statements
    This news release contains “forward-looking information” and “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks associated with the hydrogen industry in general; delays or changes in plans with respect to infrastructure development or capital expenditures; the uncertainty of estimates and projections relating to costs and expenses; failure to obtain necessary regulatory approvals; health, safety and environmental risks; uncertainties resulting from potential delays or changes in plans with respect to infrastructure developments or capital expenditures; currency exchange rate fluctuations; as well as general economic conditions, stock market volatility; and the ability to access sufficient capital. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, there will be no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

    The MIL Network

  • MIL-OSI: Fusion Fuel Closes $1.3 Million Follow-On Financing

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, March 04, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of full-service energy engineering and advisory solutions, today announced that it has closed a $1.3 million private placement of senior convertible notes with certain institutional investors.

    The senior convertible notes were issued at a weighted-average original issue discount of approximately 23% for an aggregate purchase price of $1.0 million, mature in August 2026, and carry an 8% annual interest rate. In connection with the financing, the Company also issued warrants to the noteholders, providing additional equity participation.

    “This follow-on financing further solidifies our financial position and underscores the ongoing commitment from our investors,” commented John-Paul Backwell, Chief Executive Officer of Fusion Fuel. “Their continued support reinforces the confidence in our long-term strategy and ability to execute. With these investments, we are strengthening our position as a diversified energy services leader, delivering value across the entire energy ecosystem.”

    The proceeds from the financing are expected to provide additional working capital.

    Additional information regarding the terms of the senior convertible notes and related warrants can be found in the Company’s report on Form 6-K filed with the U.S. Securities and Exchange Commission (SEC) on March 3, 2025.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (NASDAQ: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact

    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network

  • MIL-OSI: QuantaSing to Report Second Fiscal Quarter Financial Results on March 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 04, 2025 (GLOBE NEWSWIRE) — QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading lifestyle solution provider empowering adults to live better and longer, today announced that it plans to release its unaudited financial results for the quarter ended December 31, 2024, before the U.S. market opens on Tuesday, March 11, 2025.

    The Company’s management will hold an earnings conference call at 07:00 A.M. Eastern Time on Tuesday, March 11, 2025 (07:00 P.M. Beijing Time on the same day) to discuss the financial results.

    Listeners may access the call by dialing the following numbers:
    International:
    United States Toll Free:
    Mainland China Toll Free: 
    Hong Kong Toll Free:
    Conference ID:
    1-412-902-4272
    1-888-346-8982
    4001-201203
    800-905945
    QuantaSing Group Limited
       
    The replay will be accessible through March 18, 2025 by dialing the following numbers:
    International:
    United States Toll Free:
    Replay Access Code:
    1-412-317-0088
    1-877-344-7529
    7982374
       

    A live and archived webcast of the conference call will also be available at the Company’s investor relations website at https://ir.quantasing.com.

    About QuantaSing Group Limited
    QuantaSing is a leading lifestyle solution provider empowering adults to live better and longer. Leveraging its profound understanding of adult users and robust infrastructure, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners as well as consumer products and service in selected areas to address the senior users’ aspirations for wellness.

    For more information, please visit: https://ir.quantasing.com.

    Contact
    Investor Relations
    Leah Guo
    QuantaSing Group Limited
    Email: ir@quantasing.com
    Tel: +86 (10) 6493-7857

    Robin Yang, Partner
    ICR, LLC
    Email: QuantaSing.IR@icrinc.com
    Phone: +1 (212) 537-0429

    The MIL Network

  • MIL-OSI: ChampionX’s Aerial Optical Gas Imaging (AOGI) Platform Secures EPA Approval for Regulatory Compliance

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, March 04, 2025 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today its ChampionX Emissions Technologies’ Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb. This approval marks a significant milestone in emissions management, empowering operators to integrate AOGI into their emissions monitoring programs to detect and locate fugitive methane emissions with unmatched efficiency and precision.

    ChampionX’s AOGI platform has gained industry-wide recognition for its ability to complement fugitive emissions screening processes. It helps create efficiency with the possibility of surveying over 150 sites per day. By leveraging Optical Gas Imaging (OGI) technology, AOGI offers a scalable solution with the intent of reducing the time and cost required for emissions monitoring for operators of all sizes.

    “As the first component-level platform approved by the EPA, AOGI represents a new standard in emissions monitoring,” said Sivasankaran ‘Soma’ Somasundaram, President & CEO of ChampionX. “This advanced method enables operators to monitor emissions to assist operators in taking action to meet regulatory requirements efficiently while seamlessly integrating into their existing workflows.”

    This proven method combines high-definition OGI technology with an advanced gimbal system to detect, locate, and visualize methane leaks with pinpoint accuracy. The OGI technology has been refined for a variety of applications, including handheld, fixed, drone, and aerial systems.

    “It’s the ultimate use of OGI, a familiar and trusted technology to pinpoint leaks quickly and efficiently from the air,” said Shankar Annamalai, Senior Vice President of Emissions Technologies and Permian Geomarket. “Given the scale of the oil and gas industry, streamlining the leak detection process is a big relief to operators, especially for small businesses.”

    “This approval underscores our commitment to innovation and reinforces the United States’ position as a leading producer of efficient and sustainable oil and gas,” said Somasundaram.

    Using our 140 years of oilfield expertise, ChampionX has, and will, continue to support the oil and gas sectors with cutting-edge technologies – ike AOGI, the Aura OGI™ camera, Soofie® continuous monitors, drones with HALO OGI® or Open Path Laser Spectrometer (OPLS) technology, and fixed-wing surveys – to address the evolving environmental and operational challenges.

    For more information on how AOGI can complement your emissions monitoring program, visit ChampionX Emissions Technologies | AOGI or contact us at contactemissions@championx.com.

    About ChampionX Emissions Technologies
    ChampionX Emissions Technologies combines deep industry expertise with advanced technology to effectively tackle environmental challenges. By continuously enhancing our solutions, we assist clients in managing the complexities of emissions, ensuring a cleaner and more sustainable future.

    About ChampionX
    ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably around the world. ChampionX’s expertise, innovative products, and digital technologies provide enhanced oil and gas production, transportation, and real-time emissions monitoring throughout the lifecycle of a well. To learn more about ChampionX, visit our website at www.championx.com.

    Investor Contact: Byron Pope, byron.pope@championx.com, 281-602-0094

    Media Contact: John Breed, john.breed@championx.com, 281-403-5751

    The MIL Network

  • MIL-OSI: Bitget Lists Roam (ROAM) with Rewards Worth 1,675,000 ROAM

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 04, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Roam (ROAM) on its platform. Trading for ROAM/USDT will commence on 6 March 2025, 10:00 (UTC).

    Roam is the largest decentralized wireless network worldwide. Roam’s vision is to create a decentralized future where users are rewarded for sharing network data, thus encouraging a more collaborative and privacy-conscious online environment. Roam ensures automated wireless connections, seamless switching between different networks, and secure connectivity for individuals, smart devices, and AI agents. By leveraging a blockchain-based credential infrastructure, Roam has facilitated the widespread adoption of WiFi OpenRoaming, offered global smart eSIM services, and enabled a privacy-protected data layer for AI applications.

    To celebrate this listing, Bitget launches an exclusive promotion, Candybomb.
    The CandyBomb promotional event offers Bitget users the chance to earn ROAM through deposits and trading activity. A total of 1,675,000 ROAM tokens have been allocated for this campaign, which runs from 6 March 2025, 10:00 to 13 March 2025, 10:00 (UTC). The ROAM airdrop is divided into spot trading pools and futures trading pools. New spot traders and new futures traders can join the campaign via the CandyBomb page. The first 5,560 new users to complete the spot trading task will evenly share 1,390,000 ROAM, with each receiving 250 ROAM.

    This listing positions ROAM within Bitget’s expanding portfolio of assets available in the Innovation, WEB3, and Depin Zone, underlining the platform’s commitment to offering users access to promising projects that align with the broader principles of blockchain technology, emphasizing transparency, security, and decentralization.

    Bitget has consistently expanded its market share in both spot and derivatives trading among centralized exchanges. With an extensive selection of over 800 cryptocurrency pairs and a commitment to broaden its offerings to more than 900 trading pairs, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON.

    For more information on Roam (ROAM), users can visit here.

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

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

    For more information, 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.

    Contact

    Simran Alphonso
    media@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cd3056f2-53ec-42d1-83b9-e74a1e179337

    The MIL Network

  • MIL-OSI: Virturo on the Future of Crypto Investing: Why Digital Assets Are Becoming Portfolio Essentials in 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, March 04, 2025 (GLOBE NEWSWIRE) — Virturo has announced the latest expansion of its AI-powered risk management tools, designed to help traders navigate the ongoing volatility in cryptocurrency markets. With market fluctuations persisting in early 2025, the company has enhanced its automated analysis features to provide real-time insights and customizable trading strategies for digital asset CFDs.

    “With advanced AI-driven analysis and human supervision, Virturo enables traders to take advantage of market opportunities, ensuring a robust investment strategy,” says Alex Melnyk, Senior Investment Specialist at Virturo.

    Why Cryptocurrencies Are an Investment Essential in 2025

    Cryptocurrencies are reshaping financial markets, offering investors new opportunities for diversification, inflation hedging, and high-growth potential. As the digital economy expands, assets like Bitcoin and Ethereum are becoming crucial in long-term portfolio strategies.

    • Hedge Against Inflation – Digital currencies like Bitcoin, often referred to as “digital gold,” provide protection against currency devaluation and economic uncertainty.
    • Diversification Benefits – With markets shifting, cryptocurrencies reduce reliance on traditional assets like stocks and bonds, offering alternative growth avenues.
    • High Growth Potential – As blockchain technology advances, digital assets continue to show strong potential for long-term value appreciation.

    Navigating Volatility: Risk Management with Virturo

    Cryptocurrency markets are known for their volatility, requiring traders to employ risk management tools to safeguard positions. Virturo’s AI-powered platform offers traders real-time data tracking, predictive market analysis, and automated risk management tools to help safeguard investments.

    “Our AI tools, combined with expert oversight, provide personalized trading strategies to ensure crypto investments align with long-term financial goals,” adds Melnyk. From stop-loss orders to take-profit mechanisms, Virturo equips traders with the risk management solutions needed for stability in a fluctuating market.

    The Virturo Edge: AI-Powered Crypto Investing

    Virturo is redefining CFD crypto trading with a powerful blend of AI-driven insights and expert supervision. The platform equips traders with cutting-edge tools that analyze market trends, automate risk management, and optimize trade execution, all in real time.

    • Smart trading signals for optimal entry and exit points
    • Custom risk controls to protect against market swings
    • Seamless execution across diverse crypto assets

    From first-time investors to experienced traders, Virturo delivers the insights and technology needed to trade digital markets with confidence.

    Users can discover the future of crypto investing and visit Virturo | Virtue in Every Trade to explore AI-powered trading solutions and take control of the portfolio.

    About Virturo

    Virturo, a leading broker in CFD trading and financial technology, is redefining investment strategies with its AI-driven automated trading and advanced risk management solutions.

    Website | LinkedIn | Twitter | YouTube | Facebook

    Contact
    Virturo
    support@virturo.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/eae62249-c964-4504-95e5-2e15461d946b

    The MIL Network

  • MIL-OSI Africa: Top Reasons to Invest in Ghana’s Mining Industry

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

    ACCRA, Ghana, March 4, 2025/APO Group/ —

    Ghana’s mining industry stands as a key driver of economic growth – with GDP projections reaching 1.5% by 2025 (https://apo-opa.co/4klB6s7) – fueled by expanding opportunities within the sector. A stable political and business environment, coupled with the discovery of new mineral reserves and a well-established mining ecosystem, Ghana is an attractive investment destination for global mining institutions. The upcoming Mining in Motion Summit, taking place in Accra on June 2 – 4 will further highlight lucrative investment opportunities, connecting Ghanaian stakeholders with international financiers and technology providers to enhance collaboration across the mining value chain. 

    Rich Mineral Resources 

    Ghana leads Africa in gold production and ranks 6th globally. In 2024 alone, artisanal miners contributed over $5 billion in foreign exchange earnings, underscoring the vast potential of Ghana’s gold sector. Ongoing industrial-scale projects like Goldstone’s Homase Mine Expansion, Cardinal Namdini Mine and Newmont’s Ahafo North Project continue to expand investment opportunities in the gold industry. In addition to gold, Ghana is the world’s 4th-largest manganese producer, presenting attractive prospects for investors seeking exposure to high-value minerals. The country’s untapped reserves of lithium, iron ore and bauxite also offer substantial growth potential as the demand for these minerals expand owing to the energy transition. 

    Strong, Investor-Friendly Regulatory Framework 

    Ghana introduced incentives including as tax breaks, customs duty exemptions and foreign ownership rights, attracting significant foreign direct investment. For example, Atlantic Lithium secured $6.7 million to accelerate the Ewoyaa Lithium Project, while Asante Gold committed $525 million to expand its Bibiani and Chirano Mines. Policies such as the Green Minerals Policy (2023) streamline entry for critical mineral investors, while the Equipment Tracking Regulations (2020) simplify equipment procurement and transportation processes for mining projects. 

    Skilled Workforce Availability 

    Ghana’s mining history has fostered a highly skilled workforce, making it easier for international investors to recruit trained personnel for their operations. Partnerships with global institutions, including the World Bank, have led to initiatives like the Ghana Landscape Restoration and Small-Scale Mining Project, which equips miners with modern, sustainable practices. Additionally, programs focused on apprenticeship, mentorship and capacity-building continue to enhance the local workforce. AngloGold Ashanti graduated 1,010 apprentices in October 2023 and added 140 more in February 2024, supporting Ghana’s local content development. 

    Infrastructure Readiness 

    Ghana’s infrastructure readiness further strengthens its appeal as a mining investment hub. Recent developments include the inauguration of the Royal Ghana Gold Refinery in Accra in August 2024, which allows for local gold processing, streamlining operations and boosting export revenues through the sale of refined gold. The Ministry of Lands and Natural Resources in collaboration with testing laboratories company Intertek launched a new testing laboratory (https://apo-opa.co/3FeePMx) in Tarkwa, in 2023. The laboratory offers faster mineral sample analysis for over 500 exploration projects and 23 large-scale operations. Furthermore, the continuous modernization of the Tema and Takoradi ports has improved export logistics, ensuring that Ghana’s minerals reach international markets efficiently. 

    Amid these investor-friendly conditions established by Ghana, Mining in Motion will further unveil burgeoning and lucrative opportunities within the West African nation’s mining sector. The summit will serve as a platform to connect stakeholders, foster partnerships, and facilitate deal signings that drive growth and investment. 

    Stay informed about the latest advancements, network with industry leaders, and engage in critical discussions on key issues impacting ASGM and medium to large scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting www.MininginMotionSummit.com. For sponsorship opportunities or delegate participation, contact Sales@ashantigreeninitiative.org. 

    MIL OSI Africa

  • MIL-OSI: BAWAG Group hosts Investor Day and announces new targets for 2027

    Source: GlobeNewswire (MIL-OSI)

    BAWAG Group today hosts its second Investor Day following our IPO in October 2017. After over seven years as a public company, we are taking stock on what we have achieved to date and more importantly focusing on how we have positioned our franchise for growth. Following our transformation over the past decade, BAWAG Group today ranks among the most profitable and efficient banks in Europe, with the financial strength to support our customers and local communities.

    We have already delivered all our medium-term financial targets laid out in 2021. The team takes a great deal of pride in delivering on our commitments, but we also recognize there is much more ahead.

    For our Investor Day, we are outlining a new set of medium-term financial targets. By 2027, we plan to generate over €2.7 billion net profit from 2025 through 2027, with net profit of > €1 billion in 2027. We also plan to generate over €1 billion in excess capital, after accounting for a 55% dividend payout ratio, which we hope to deploy towards incremental organic growth above our stated net profit target, further M&A, and/or capital distributions. As we have done in the past, we will assess our capital position at the end of each year and communicate distributions according to our capital distribution framework. We are targeting to deliver a return on tangible common equity (RoTCE) > 20% across all cycles and plan to achieve a cost-income ratio (CIR) < 33% by 2027.

    This past year we delivered a return on tangible common equity of 26% and have averaged 18% over the last 13 years, which included 8 years of zero or negative rates, of which we underearned as a franchise. After delivering a record year in 2024 and closing two transformative acquisitions, BAWAG Group stands as one of the best performing European banks, an achievement that has been years in the making and a tremendous source of pride for our team.

    However, our best years lie ahead. Our goal is ‘1+1’ in 2027: We are targeting net profit > €1 billion in 2027 while also generating excess capital > €1 billion through 2027. The resilience of our franchise lies in our ability to deliver results across all cycles as we are built for all seasons. Going forward we will be able to deliver continued positive operating leverage with significant revenue growth while keeping our cost discipline. Our approach is consistent: focus on the things you control, be patient and disciplined, keep a conservative risk appetite, be good stewards of capital, and build the right culture. Our team is focused on delivering on our commitments and deeply committed to the long-term success of the franchise”, comments Anas Abuzaakouk, CEO of BAWAG Group.

    The presentation is available on our website www.bawaggroup.com and the webcast will start at 3pm CET.

    About BAWAG Group

    BAWAG Group AG is a publicly listed holding company headquartered in Vienna, Austria, serving over 4 million retail, small business, corporate, real estate and public sector customers across Austria, Germany, Switzerland, Netherlands, Western Europe, and the United States. The Group operates under various brands and across multiple channels offering comprehensive savings, payment, lending, leasing, investment, building society, factoring and insurance products and services. Our goal is to deliver simple, transparent, and affordable financial products and services that our customers need. BAWAG Group’s Investor Relations website https://www.bawaggroup.com/ir contains further information, including financial and other information for investors.

    Forward looking statement

    This release contains “forward-looking statements” regarding the financial condition, results of operations, business plans and future performance of BAWAG Group. Words such as “anticipates,” “believes,” “estimates,” “expects,” “forecasts,” “intends,” “plans,” “projects,” “may,” “will,” “should,” “would,” “could” and other similar expressions are intended to identify these forward-looking statements. These forward-looking statements reflect management’s expectations as of the date hereof and are subject to risks and uncertainties that may cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, economic conditions, the regulatory environment, loan concentrations, vendors, employees, technology, competition, and interest rates. Readers are cautioned not to place undue reliance on the forward-looking statements as actual results may differ materially from the results predicted. Neither BAWAG Group nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this report or its content or otherwise arising in connection with this document. This report does not constitute an offer or invitation to purchase or subscribe for any securities and neither it nor any part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This statement is included for the express purpose of invoking “safe harbor provisions”.

    Contact:

    Financial Community:
    Jutta Wimmer (Head of Investor Relations)
    Tel: +43 (0) 5 99 05-22474

    IR Hotline: +43 (0) 5 99 05-34444
    E-mail: investor.relations@bawaggroup.com

    Media:
    Manfred Rapolter (Head of Corporate Communications and Social Engagement)
    Tel: +43 (0) 5 99 05-31210
    E-mail: communications@bawaggroup.com

    This text can also be downloaded from our website: https://www.bawaggroup.com

    The MIL Network

  • MIL-OSI: The subsidiary of Aktsiaselts Infortar development project in Laagri

    Source: GlobeNewswire (MIL-OSI)

    Aktsiaselts Infortar holds a 90% shareholding in the subsidiary OÜ INF Saue, which owns a property located at Saue tee 10 in Laagri, covering an area of 76,879 m².

    OÜ INF Saue, as the lessor, has entered into a long-term lease agreement with Rimi Eesti Foods AS, under which the lessor has developed a logistics centre on the property with a net area of 24,745 m². The building was constructed by OÜ INF Ehitus and developed by Infortar, the building has now been handed over to the tenant, Rimi Eesti Foods AS.

    Infortar operates in seven countries, the company’s main fields of activity are maritime transport, energy and real estate. Infortar owns a 68.47% stake in Tallink Grupp, a 100% stake in Elenger Grupp and a versatile and modern real estate portfolio of approx. 141,000 m2. In addition to the three main areas of activity, Infortar also operates in construction and mineral resources, agriculture, printing, and other areas. A total of 110 companies belong to the Infortar group: 101 subsidiaries, 4 affiliated companies and 5 subsidiaries of affiliated companies. Excluding affiliates, Infortar employs 6,228 people.

    Additional information:

    Kadri Laanvee
    Investor Relations Manager
    Phone: +372 5156662
    e-mail: kadri.laanvee@infortar.ee
    www.infortar.ee/en/investor

    The MIL Network

  • MIL-OSI USA: DCCA NEWS RELEASE: DCCA TO HOST NATIONAL CONSUMER PROTECTION WEEK FAIR

    Source: US State of Hawaii

    DCCA NEWS RELEASE: DCCA TO HOST NATIONAL CONSUMER PROTECTION WEEK FAIR

    Posted on Mar 3, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    DEPARTMENT OF COMMERCE AND CONSUMER AFFAIRS

    KA ʻOIHANA PILI KĀLEPA

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    NADINE Y. ANDO

    DIRECTOR

    KA LUNA HOʻOKELE

    DCCA TO HOST NATIONAL CONSUMER PROTECTION WEEK FAIR

    Annual Event Brings Together Dozens of Organizations

     

    FOR IMMEDIATE RELEASE

    March 3, 2025

    HONOLULU — National Consumer Protection Week (NCPW) starts today, March 3, 2025, and serves as a significant annual event dedicated to raising awareness about consumer rights and educating the public on avoiding frauds and scams. The Department of Commerce and Consumer Affairs (DCCA) will commemorate NCPW by hosting a free Consumer Protection Fair from 11:00 a.m. to 1:30 p.m. on Thursday, March 6 on the fourth floor of the State Capitol at 415 South Beretania Street. Metered parking is available for the public.  

     

    “Consumer awareness is the first line of defense against fraud and exploitation. As we commemorate National Consumer Protection Week through our annual fair, the DCCA remains committed to providing the public with the resources and support necessary to navigate the complexities of today’s marketplace,” said DCCA Director Nadine Ando.

     

    Organizations participating in the National Consumer Protection Week Fair on Thursday, March 6, include:

    • Better Business Bureau
    • Blood Bank of Hawai‘i
    • Elderly Affairs Division – City and County of Honolulu
    • Tax Relief Section – City and County of Honolulu
    • Real Property Assessment Division – City and County of Honolulu
    • Executive Office on Aging – Senior Medicare Patrol (SMP)
    • Hawai‘i Credit Union League
    • Hawai‘i Emergency Management Agency (HIEMA)
    • Hawai‘i Family Caregiver Coalition
    • Hawai‘i HomeOwnership Center
    • Hawai‘i Pacific University
    • Hawai‘i State Health Insurance Assistance Program (Hawai‘i SHIP)
    • Hawaiian Community Assets
    • Hawaiian Electric Co.
    • HMSA
    • Honolulu Fire Department – City and County of Honolulu
    • IRS – Taxpayer Advocate Service
    • Long-Term Care Ombudsman Program – State of Hawai‘i
    • Neighborhood Commission Office
    • 911 Board – State of Hawai‘i
    • Dept. of Taxation – State of Hawai‘i
    • Public Utilities Commission – State of Hawai‘i
    • Mediation Center of the Pacific
    • U.S. Attorney’s Office – District of Hawai‘i
    • The state of Hawai‘i Department of Commerce and Consumer Affairs (DCCA)
    • Business Action Center
    • Investor Education Program
    • Consumer Education Program
    • Division of Financial Institutions
    • Insurance Division
    • Office of Consumer Protection
    • Personnel Office
    • Public Utilities Commission
    • Real Estate Branch
    • Regulated Industries Complaints Office – Consumer Resource Center

    ###

    Media Contact:

    Communications Office
    Department of Commerce and Consumer Affairs

    Phone: 808-586-2760
    Email:
    [email protected]

    MIL OSI USA News

  • MIL-OSI Economics: Pål Longva: Report from Norges Bank Watch

    Source: Bank for International Settlements

    In February/March each year, the Centre for Monetary Economics (CME) presents a report commissioned by the Ministry of Finance on Norges Bank’s monetary policy. A committee of independent economists assesses Norges Bank’s conduct of monetary policy. The reports are published by the CME in its Norges Bank Watch Report Series.

    First, I would like to thank the members of this year’s committee. A regular assessment of our conduct of monetary policy by an external body is both useful and important. I would also like to thank the Centre for Monetary Economics for hosting this event and for the opportunity to comment on the report.

    Let me begin by saying a few words about the conduct of monetary policy in 2024 before commenting on three topics raised by Norges Bank Watch (NBW): how we take international trends into account, our communication of uncertainty and, finally, the trade-offs we make in monetary policy.

    MIL OSI Economics

  • MIL-OSI Economics: Asian Development Blog: Building a $43 Trillion Bridge Across Asia’s Infrastructure Gap

    Source: Asia Development Bank

    Asia and the Pacific face a daunting infrastructure challenge, requiring sustained investment to enhance connectivity, safety, and resilience. While road networks dominate spending, underinvestment in maintenance and limited private-sector involvement threaten long-term sustainability.

    Asia and the Pacific will require about $43 trillion from 2020 to 2035 to develop, maintain, repair, and climate-proof its transport infrastructure, according to the Asian Transport Observatory. This represents about 2% of the region’s GDP, averaging roughly $2.7 trillion annually. 

    Infrastructure investment requirements have tripled, increasing from roughly $750 billion annually between 2000 and 2020 to $2.7 trillion.

    Failing to secure the needed resources risks inadequate infrastructure development, leading to deterioration, costly repairs, and transport disruptions over time.

    Traffic congestion currently represents about 2-4% of GDP in Asia’s major cities. Road traffic fatalities and severe injuries cost $1.5 trillion in 2021, factoring in the loss of lives, assets, and workforce productivity. 

    The health consequences of PM2.5 air pollution also contributed to a further loss of at least $4 trillion in 2019. Climate-related challenges may also bring significant expenses, with potential damages to Asia’s transport infrastructure approaching $54 billion. 

    Moreover, delays and interruptions due to weakened transport infrastructure could lead to logistical losses estimated annually at $43 billion in 2023. It’s estimated that inadequate transport infrastructure directly threatens about 7% of GDP. 

    Tackling these challenges requires a forward-thinking approach emphasizing infrastructure maintenance, capacity enhancement, safety enforcement, and disaster preparedness to mitigate these considerable costs.

    The infrastructure investment needs across the region are vast and varied. The largest share of the investment needs lies within East Asia (58%) and South Asia (17%) sub-regions, representing 73% of the population.

    Our projections suggest that investment in transport infrastructure within high-income economies will stagnate by 2035, influenced by an aging population, stabilized travel demand, and well-established infrastructure networks. 

    On the other hand, low- and middle-income economies are expected to see a sharp rise in investment requirements, driven by inadequate access to transport infrastructure and increasing demand for passenger and freight transport. 

    Upper-middle-income economies are set to spearhead transport infrastructure investments, maintaining a significant share of 67% of total investment from 2000 to 2020, followed by 65% from 2020 to 2035. 

    About 74% of total investment needs over the next decade will be concentrated in East and South Asia, propelled by the ongoing rapid growth of transport demand in India and the People’s Republic of China.

    Road transport will continue to secure bulk investments from 2020 to 2035, accounting for 63% of total investments (approximately 1.3% of GDP). This is required to bridge the infrastructure gap and improve access and connectivity. 

    The remaining investment needs are as follows: 17% for railways, including high-speed rail (around 0.4% of GDP), 11% for raid urban transit (about 0.2% of GDP), 4% for ports (0.1% of GDP), and 5% for airports (0.1% of GDP). 

    Urban rail investment will equal that of heavy rail infrastructure for the first time. Investment in metro systems is expected to increase from 7% of total investments between 2000 and 2020 to 10% from 2020 to 2035. Other than that, we don’t see a significant shift in the pattern of infrastructure spending.  

    Maintenance is crucial for transport infrastructure, guaranteeing assets’ durability, safety, and effectiveness. Studies show that every dollar invested in maintenance saves $4-$5 later required for reconstruction. 

    However, there’s a worrying trend of underinvestment in maintenance. This underinvestment will likely persist. On average, maintenance costs for transport infrastructure are expected to represent approximately 24% of total investment expenses from 2020 to 2035. 

    Nonetheless, maintenance expenditures differ across various modes and countries. New construction projects often receive significant media and political attention, but maintenance initiatives, which are vital for the long-term viability of transport infrastructure, are usually overlooked and go underfunded. 

    Regrettably, the issue of insufficient maintenance funding is a persistent challenge in Asia.    
     

    With nearly 1.8 billion people lacking access to transport infrastructure in Asia, countries are rapidly building infrastructure. But even with a $43 trillion investment by 2035, the infrastructure gap with the global North will continue to exist.

    By 2035, Asia’s average transport infrastructure per capita is projected to still be 70% lower than current levels in wealthier countries, as measured by OECD country levels. However, the silver lining is that we will bridge the gap in specific modes at a lower income level. 

    For example, the average availability of urban rapid transit per capita in Asia and the Pacific is expected to double, rising from 6 kilometers in 2020 to 12 kilometers per million people by 2035. OECD countries had similar access back in 2013, having a GDP per capita nearly four times higher. 

    Maintaining a sustained annual investment rate of 2.3% of GDP is a challenge in itself. Identifying who will provide that investment is another complex question. While infrastructure development offers clear socio-economic benefits, investments in this area have declined as a percentage of GDP. 

    This shift raises concerns, especially given the limited involvement of private funding in the region’s infrastructure development. Historically, governments have been the leading financiers. 

    However, the aftermath of COVID-19 has strained public finances and increased debt burdens. Public-private partnerships show potential but have not expanded enough to meet the growing transport infrastructure demands. 

    There is an urgent need for a significant increase in private investment to bridge this gap. Attracting such capital depends on the government’s ability to create a more favorable regulatory and planning environment.  

    Moreover, there is considerable potential for optimizing public infrastructure investments. Governments should explore alternative funding methods, such as raising user fees, leveraging land value, and adopting innovative financing techniques.

    Strategic investments, regulatory reforms, and innovative funding solutions are essential to ensuring Asia’s transport infrastructure meets future demands.

    The Asian Transport Observatory was developed by the Asian Development Bank to strengthen the knowledge base on transport in Asia and the Pacific, and to support better informed investments and policies in the sector.
     

    MIL OSI Economics

  • MIL-OSI United Nations: Center for Research in Integrated Risk Management of the Autonomous University of Baja California Sur (CIGIR-UABCS)

    Source: UNISDR Disaster Risk Reduction

    Mission

    The “Centro de Investigación en Gestión Integral del Riesgo de la Universidad Autónoma de Baja California Sur (CIGIR-UABCS)” (Center for Research in Integrated Risk Management) arises from a need to have a multidisciplinary group of researchers focused on the detailed study of the disturbing phenomena that impact the state of Baja California Sur and the Northwest of Mexico, as well as the research and proposal of strategies to reduce vulnerability and exposure and therefore reduce and manage the risks that endanger communities.

    CIGIR is attached to the Academic Department of Fisheries Engineering of the Autonomous University of Baja California Sur.

    MIL OSI United Nations News

  • MIL-OSI: Proposals to the Annual General Meeting of Municipality Finance Plc

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock Exchange Release
    4.3.2025 at 12 noon (EET)

    Proposals to the Annual General Meeting of Municipality Finance Plc

    Municipality Finance Plc’s (hereinafter MuniFin) Board of Directors (the Board) and the Shareholders’ Nomination Committee (the Nomination Committee) have made the following proposals to the Annual General Meeting (the AGM) convening on 25 March 2025 at 10:00 (EET):

    Use of profit shown on the balance sheet and the distribution of dividend

    MuniFin has distributable funds of EUR 373,330,287.47 of which the profit for the financial year totaled EUR 73,737,412.43.

    In accordance with the dividend policy MuniFin’s aim is to pay 30-60% of the Group’s financial year’s profit in dividends. The Board proposes to the AGM that a dividend of EUR 1.86 per share, totaling EUR 72,658,664.28 shall be distributed based on the balance sheet to be adopted for 2024. This corresponds to 54.8% of the Group’s financial year’s profit.

    MuniFin’s profit for the financial year is strong. The Board considers the proposed payment of dividend justified. MuniFin clearly fulfils all the prudential requirements set to it. No substantial changes in the company’s financial position have occurred after the end of the financial year and the Board estimates that the distribution of dividends will not place the fulfilment of the capital requirements or the company’s liquidity in jeopardy nor is it incompatible with the legislation applicable to MuniFin.

    The dividend is paid to a shareholder who is registered in the company’s shareholder register maintained by Euroclear Finland Ltd on the record date of dividend payment on 27 March 2025. The Board proposes that the dividend be paid 3 Aprill 2025 or as soon as possible thereafter.

    Remuneration and composition of the Board

    The Nomination Committee proposes to the AGM the following remuneration of the Board for the term from the closing of the 2025 AGM to the closing of the next AGM (the Term 2025-2026):

    • Annual fixed remuneration of the Chair of the Board EUR 51,000
    • Annual fixed remuneration of the Vice Chair of the Board EUR 33,000;
    • Annual fixed remuneration of the Chair of the Risk or Audit Committee EUR 36,000;
    • Annual Fixed remuneration of Board member EUR 28,000; and
    • For each Board and committee meeting as well as for each meeting required by the authorities, to the members and Vice chair of the Board, a fee of EUR 600 per meeting attended and to the Chairs, EUR 950 per meeting attended

    The proposed remuneration means an increase of EUR 6,000 to the annual fixed remuneration of the Chair of the Board, an increase of EUR 4,000 to the annual fixed remuneration of the Vice Chair of the Board, an increase of EUR 5,000 to the annual fixed remuneration of the Chairs of the Risk and Audit Committees and an increase of EUR 3,000 to the annual fixed remuneration of a Board member.

    The Nomination Committee proposes to the AGM that nine members will be elected to the Board for the Term 2025–2026. The Nomination Committee proposes that the following current members will be re-elected: Ms. Maaria Eriksson, Mr. Kari Laukkanen, Mr. Tuomo Mäkinen, Ms. Elina Stråhlman, Ms. Leena Vainiomäki and Mr. Arto Vuojolainen. In addition, the Nomination Committee proposes that Ms. Liisa Harju, Mr. Juho Malmberg and Mr. Henrik Rainio will be elected to the Board as new members. Mr. Markku Koponen and Mr. Dennis Standell, current members of the Board, will not be available to the Board for the next term.

    Liisa Harjula serves as Senior Ministerial Adviser at the Ownership Steering Department of the Prime Minister’s Office. Harjula has extensive experience in private equity investment, financial management, and investor relations. Juho Malmberg is a professional board member with extensive experience from leadership roles in IT management across the banking sector and other industries. Henrik Rainio serves as the Director of Finance at the City of Porvoo. Rainio has essential expertise in the Finnish municipal sector, which is crucial for MuniFin’s business.

    The Nomination Committee proposes to the Board to be elected by the AGM to reappoint Kari Laukkanen as the Chair and Maaria Eriksson as the Vice Chair.

    Election and remuneration of the auditor

    The Board proposes to the AGM to elect PricewaterhouseCoopers Oy as the company’s auditor for the Term 2025–2026. PricewaterhouseCoopers Oy has announced that if they are elected as the company’s auditor, Jukka Paunonen, APA, will act as the principal auditor. The Board proposes to the AGM that the auditor’s fees be paid according to the invoice approved by the company.

    Sustainability reporting verifier and remuneration

    The Board proposes to the Annual General Meeting that the authorized sustainability audit firm PricewaterhouseCoopers Oy be selected as the company’s sustainability reporting assurer for the term 2025-2026. PricewaterhouseCoopers Oy has informed the company that Tiina Puukkoniemi will act as the responsible sustainability reporting auditor. The Board proposes to the Annual General Meeting that the sustainability reporting assurer’s fees be paid according to the invoice approved by the company.

    The invitation to the AGM, including relevant appendices, is available on MuniFin’s website in Finnish.

    MUNICIPALITY FINANCE PLC

    Further information:

    Esa Kallio
    President and CEO
    tel. +358 50 337 7953

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

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

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

    Read more: www.munifin.fi

    The MIL Network

  • MIL-OSI: 36Kr Holdings Inc. to Report Second Half and Fiscal Year 2024 Financial Results on Tuesday, March 11, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, March 04, 2025 (GLOBE NEWSWIRE) — 36Kr Holdings Inc. (“36Kr” or the “Company”) (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that it will report its second half and fiscal year 2024 unaudited financial results, on Tuesday, March 11, 2025, before the open of U.S. markets.

    The Company’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 11, 2025 (8:00 p.m. Beijing/Hong Kong Time on March 11, 2025).

    For participants who wish to join the call by phone, please access the link provided below to complete the pre-registration and dial in 5 minutes prior to the scheduled call start time. Upon registration, each participant will receive dial-in details to join the conference call.

    Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.36kr.com.

    A replay of the conference call will be available for one week from the date of the conference, by dialing the following telephone numbers:

    United States: +1-855-883-1031
    International: +61-7-3107-6325
    Hong Kong, China: 800-930-639
    Mainland China: 400-120-9216
    Replay PIN: 10045861
       

    About 36Kr Holdings Inc.

    36Kr Holdings Inc. is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China with the mission of empowering New Economy participants to achieve more. The Company started its business with high-quality New Economy-focused content offerings, covering a variety of industries in China’s New Economy with diverse distribution channels. Leveraging traffic brought by high-quality content, the Company has expanded its offerings to business services, including online advertising services, enterprise value-added services and subscription services to address the evolving needs of New Economy companies and upgrading needs of traditional companies. The Company is supported by comprehensive database and strong data analytics capabilities. Through diverse service offerings and the significant brand influence, the Company is well-positioned to continuously capture the high growth potentials of China’s New Economy.

    For more information, please visit: http://ir.36kr.com.

    For investor and media inquiries, please contact:

    In China:

    36Kr Holdings Inc.
    Investor Relations
    Tel: +86 (10) 8965-0708
    E-mail: ir@36kr.com

    Piacente Financial Communications
    Jenny Cai
    Tel: +86 (10) 6508-0677
    E-mail: 36Kr@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: 36Kr@tpg-ir.com

    The MIL Network

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi addresses the post-budget webinars

    Source: Government of India

    Prime Minister Shri Narendra Modi addresses the post-budget webinars

    MSMEs play a transformative role in the economic growth of our country, We are committed to nurturing and strengthening this sector: PM

    In the last 10 years, India has consistently shown its commitment towards reforms, financial discipline, transparency and inclusive growth: PM

    Consistency and assurance of reforms, is such a change, that has brought new confidence in our industry: PM

    Today every country in the world wants to strengthen its economic partnership with India: PM

    Our manufacturing sector should come forward to take maximum advantage of this partnership: PM

    We took forward the vision of self-reliant India and further accelerated our pace of reforms: PM

    Our efforts reduced the impact of COVID on the economy, helping India become a fast-growing economy: PM

    R&D has played an important role in India’s manufacturing journey ,it needs to be taken forward and accelerated: PM

    Through R&D we can focus on innovative products, as well as add value to the products: PM

    MSME sector is the backbone of India’s manufacturing and industrial growth: PM

    Posted On: 04 MAR 2025 1:36PM by PIB Delhi

    The Prime Minister Shri Narendra Modi today addressed the Post- Budget webinars via video conferencing. The webinars were held on MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms. Addressing the gathering on the occasion, he remarked that the post-budget webinars on manufacturing and export are of great importance. Mentioning that this budget is the first full budget of the Government’s third term, he emphasised that the most notable aspect of this budget is its delivery, which exceeded expectations. Shri Modi pointed out that in several sectors, the Government has taken steps beyond what experts had anticipated. He also highlighted that significant decisions have been made regarding manufacturing and export in this budget. 

    Pointing out that the country has witnessed consistent Government policies for over a decade, the Prime Minister highlighted that in the past 10 years, India had shown a commitment to reforms, financial discipline, transparency, and inclusive growth. He emphasized that the assurance of consistency and reforms has brought new confidence within the industry. He assured every stakeholder in manufacturing and export that this consistency will continue in the coming years. Encouraging stakeholders to take bold steps and open new avenues for manufacturing and export for the country, Shri Modi highlighted that every country in the world wants to strengthen its economic partnership with India. He urged the manufacturing sector to take full advantage of this partnership.

    “Stable policy and a better business environment are crucial for the development of any country”, said the Prime Minister, highlighting that a few years ago, the Government introduced the Jan Vishwas Act and made efforts to reduce compliances. Over 40,000 compliances were eliminated at both central and state levels, promoting ease of doing business, he noted. Emphasizing that this exercise should continue, Shri Modi mentioned that the Government had introduced simplified income tax provisions and is working on the Jan Vishwas 2.0 Bill. A committee has been formed to review regulations in the non-financial sector, aiming to make them modern, flexible, people-friendly, and trust-based, he added further and highlighted the significant role of the industry in this exercise. He encouraged stakeholders to identify problems that take longer to resolve, suggest ways to simplify processes, and guide where technology can be used to achieve quicker and better results.

    “The world is currently experiencing political uncertainty, and the entire world views India as a growth center”, said Shri Modi, highlighting that during the COVID crisis, when the global economy slowed down, India accelerated global growth. He added that this was achieved by advancing the vision of Aatmanirbhar Bharat and accelerating reforms. He emphasized that these efforts minimized the impact of COVID on the economy, helping India become one of the fastest-growing economies. He said, “India remains a growth engine for the global economy and has proven its resilience in challenging situations”. Pointing out that disruptions in the supply chain affect the global economy, and the world needs reliable partners that produce high-quality products and ensure reliable supply, Shri Modi emphasized that India was capable of fulfilling this need, presenting a significant opportunity for the country. He urged the industry not to be mere spectators but to actively seek their role and carve out opportunities. He pointed out that it is easier today compared to the past, as the country has friendly policies and the Government stands shoulder to shoulder with the industry. The Prime Minister called for a strong resolve, objectivity in seeking opportunities in the global supply chain, and accepting challenges. He emphasized that if every industry takes one step forward, collectively, they can achieve significant progress.

    Highlighting that 14 sectors were currently benefiting from the PLI scheme, the Prime Minister said that under the scheme, more than 750 units have been approved, resulting in an investment of over ₹1.5 lakh crore, production worth over ₹13 lakh crore, and exports exceeding ₹5 lakh crore. He emphasized that this demonstrates how entrepreneurs can advance in new areas when given opportunities. Shri Modi announced the decision to launch two missions to promote manufacturing and export. He highlighted the focus on better technology and quality products, as well as the emphasis on skilling to reduce costs. He urged all stakeholders to identify new products in demand globally that can be manufactured in India and encouraged them to approach countries with export potential strategically.

    “R&D has played a crucial role in India’s manufacturing journey and needs further advancement and acceleration”, remarked the Prime Minister. He highlighted that through R&D, the focus can be on innovative products and value addition to existing products. He emphasized that the world recognizes the potential of India’s toy, footwear, and leather industries and by combining traditional crafts with modern technologies, significant success can be achieved. He noted that India can become global champion in these sectors, leading to a substantial increase in exports. Shri Modi highlighted that this growth will create lakhs of job opportunities in labor-intensive sectors and promote entrepreneurship. Mentioning that the PM Vishwakarma Yojana provides end-to-end support to traditional artisans, he urged efforts to connect these artisans with new opportunities and called on all stakeholders to come forward to expand the hidden potential in these sectors.

    “MSME sector is the backbone of India’s manufacturing and industrial growth”, said the Prime Minister. He highlighted that in 2020, the Government made a significant decision to revise the definition of MSMEs after 14 years, which eliminated the fear among MSMEs that they would lose government benefits if they grew. He noted that the number of MSMEs in the country has increased to over 6 crore, providing employment opportunities to crores. Shri Modi emphasized that in this budget, the definition of MSMEs has been further expanded to instill confidence in their continuous growth. This will create more employment opportunities for the youth, he said, highlighting that the biggest problem faced by MSMEs was the difficulty in obtaining loans. He added that ten years ago, MSMEs received loans worth approximately ₹12 lakh crore, which has now increased to around ₹30 lakh crore. The Prime Minister announced that in this budget, the guarantee cover for MSME loans has been doubled to ₹20 crore. Additionally, customized credit cards with a limit of ₹5 lakh will be provided to meet working capital needs.

    Underlining that the Government had facilitated loan access and introduced a new type of loan, Shri Modi highlighted that people are now receiving loans without guarantees, something they never imagined before. Over the past 10 years, schemes like MUDRA, which provide loans without guarantees, have also supported small industries, he said, noting that the Trades portal is resolving many loan-related issues. The Prime Minister emphasized the need to develop new modes of credit delivery, ensuring that every MSME has access to low-cost and timely credit. He announced that five lakh first-time entrepreneurs from women, SC, and ST communities will receive loans of ₹2 crore. He highlighted that first-time entrepreneurs need not only credit support but also guidance and urged the industry to create a mentorship program to help these individuals.

    Underscoring the role of states is crucial in boosting investment, Shri Modi emphasized that the more states promote ease of doing business, the more investors they will attract. He pointed out that this will benefit the respective states the most. He encouraged competition among states to see who can make the most of this budget. He noted that states with progressive policies will attract companies to invest in their regions.

    Expressing confidence that all participants are seriously considering these topics, the Prime Minister emphasized that the webinar aims to determine actionable solutions. He highlighted the importance of participants’ cooperation in preparing policies, schemes, and guidelines. He noted that this will help in formulating implementation strategies post-budget. He concluded by expressing his belief that the participants’ contributions will prove to be very useful.

    Several Union Ministers were present among other dignitaries over video conferencing on the occasion.

    Background

    The webinars will provide a collaborative platform for government officials, industry leaders, and trade experts to deliberate on India’s industrial, trade, and energy strategies. The discussions will focus on policy execution, investment facilitation, and technology adoption, ensuring seamless implementation of the Budget’s transformative measures. The webinars will engage private sector experts, industry representatives, and subject matter specialists to align efforts and drive impactful implementation of Budget announcements.

     

     

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    MJPS/SR

    (Release ID: 2108027) Visitor Counter : 106

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: AUSTRALIA BOOSTS ITS LONG-TERM BUDGET SUPPORT TO SAMOA

    Source: Government of Western Samoa

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    PRESS RELEASE 21 Feb 2025 – Today, the Governments of Australia and Samoa signed an agreement to increase Australia’s budget support to WST$28 million for the current financial year.

    This additional support is part of Australia’s long-term contributions into Samoa’s development spanning over 8-years – from 2023 to 2031 – and totalling WST$187.7 million.

    Signed by Australia’s High Commissioner to Samoa, His Excellency Mr William Robinson, and Samoa’s Minister of Finance, the Honourable Lautimuia Uelese Vaai, this support is underpinned by the deep trust the two nations share, and their joint commitment to enhancing service delivery for Samoa’s communities.

    “Our signing of this agreement embodies the spirit of trust we have in one another, and an expression of our belief that our prosperity is best pursued together. This will support the Government of Samoa’s expenditure right across the board for things that matter most to Samoans – from paying teacher’s salaries, ensuring hospitals have the supplies they need, and maintaining quality roads,” said High Commissioner Robinson.

    “On behalf of the Government and the people of Samoa, I express our heartfelt appreciation and gratitude to the Government and the people of Australia for their continuous support to Samoa’s development. The additional general budget support marks yet another milestone in the trusted-long lasting relationship and development partnership between our two countries – Australia and Samoa. We remain committed to addressing the priority needs of our people, through various initiatives and integrating priorities for development through general budget support. We are also appreciative of the commitment to the JPAM arrangement supporting high impact policies that inform and guide priorities for Samoa,” said Minister Lautimuia.

    This additional budget support will contribute to the delivery of essential services that the people of Samoa rely on, including in health, education, gender, disability and social protection.

    Australia’s budget support is delivered in partnership with New Zealand, World Bank, the Asian Development Bank, and the European Union through the Joint Policy Action Matrix (JPAM).

    The JPAM is an economic reform agenda that enables best practice development partners to support Samoa’s development destiny with their expertise.

    Ends

    SOURCE – Australian High Commission to Samoa

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    MIL OSI Asia Pacific News

  • MIL-OSI: Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for February 2025 of its Virtune Crypto Top 10 Index ETP, the first crypto index ETP in the Nordics

    Source: GlobeNewswire (MIL-OSI)

    Stockholm, 4th of March 2025 – Today Virtune announces that it has finalized its monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

    In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:

    Virtune Bitcoin ETP
    Virtune Staked Ethereum ETP
    Virtune Staked Solana
    Virtune Staked Polkadot ETP
    Virtune XRP ETP
    Virtune Avalanche ETP
    Virtune Chainlink ETP
    Virtune Arbitrum ETP
    Virtune Staked Polygon ETP 
    Virtune Staked Cardano ETP
    Virtune Crypto Altcoin Index ETP

    Index allocation as of 28th of February (before rebalancing):

    Bitcoin: 44.55%
    Ethereum: 28.76%
    XRP: 13.32%
    Solana: 7.50%
    Cardano: 2.45%
    Chainlink: 1.01%
    Avalanche: 0.98%
    Litecoin: 0.92%
    Uniswap: 0.51%

    Index allocation as of 28th of February (after rebalancing):

    Bitcoin: 40.00%
    Ethereum: 31.29%
    XRP: 14.52%
    Solana: 8.05%
    Cardano: 2.62%
    Chainlink: 1.08%
    Avalanche: 0.99%
    Litecoin: 0.94%
    Uniswap: 0.51%

    In connection with this month’s rebalancing, there is no change in the crypto assets included in the index. Virtune Crypto Top 10 Index ETP SEK outcome for February was -16.86%.

    The rebalancing is carried out according to the index that the ETP tracks, the Virtune Vinter Crypto Top 10 Index. The purpose of the monthly rebalancing is to ensure that the ETP always reflects the current market conditions and to effectively absorb volatility in the crypto market.

    In February, the crypto market experienced a notable downturn, partly due to major events in the US. Chainlink led the losses with a sharp 41% decline, followed closely by Uniswap (-36.2%) and Solana (-36%). Bitcoin experienced a relatively milder decrease of -17.5%, while Litecoin recorded the smallest decline, falling just 0.23% during the month.

    The performance of the crypto assets included in Virtune Crypto Top 10 Index ETP in February:

    Litecoin: -0.23%
    Bitcoin: -17.5%
    XRP: -29.3%
    Ethereum: -32.2%
    Cardano: -32.7%
    Avalanche: -35%
    Solana: -36%
    Uniswap: -36.2%
    Chainlink: -41%

    Virtune’s crypto index ETP is the first of its kind in the Nordic region. The ETP includes up to 10 leading crypto assets that are part of the Nasdaq Crypto Index, based on their total market capitalization, with a maximum weight of 40% per crypto asset to promote diversification. This allows investors to benefit from broad exposure to the crypto market without being heavily concentrated in any single crypto asset.

    If you, as an (institutional) investor, are interested in meeting with Virtune to discuss the opportunities our ETPs offer for your asset management services or to learn more about Virtune and our ETPs, please do not hesitate to contact us at hello@virtune.com. You can also read more about Virtune and our ETPs at www.virtune.com and register your email address on our website to subscribe to our newsletters, which cover updates on Virtune’s upcoming ETP launches and other news related to digital assets.

    Press contact

    Christopher Kock, CEO Virtune AB (Publ)
    Christopher@virtune.com
    +46 70 073 45 64

    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-OSI Economics: Trump’s policies to hinder economic growth prospects of Mexico, foresees GlobalData

    Source: GlobalData

    Mexico is grappling with rising risks stemming from strained relations with the US during President Donald Trump’s second term. Trump’s “America First” policies, including a proposed 25% tariff on Mexican goods, pose a significant threat to Mexico’s export sector and could disrupt North American supply chains. Weak domestic demand is also expected to further hinder Mexico’s economic growth. Against this backdrop, Mexico’s GDP growth is forecast to slow to 1.1% in 2025, down from 1.5% in 2024 and 3.2% in 2023, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Macroeconomic Outlook Report: Mexico”, reveals that domestic demand in Mexico is expected to remain subdued due to a rising unemployment rate. Real household consumption expenditure growth is projected to decline to 1.8% in 2025, down from 2.0% in 2024 and 4.3% in 2023. Meanwhile, the unemployment rate is forecast to increase to 3% in 2025, compared to 2.7% in 2024 and 2.8% in 2023.

    Mexico’s central bank, Banco de México, reduced the key policy rate six times since March 2024. The most recent cut occurred in February 2025, when the Governing Board lowered the overnight interbank interest rate by 50 basis points to 9.5%, driven by easing inflationary pressures. Inflation in January 2025 dropped to a four-year low of 3.6%.

    Gayatri Ganpule, Economic Research Analyst at GlobalData, comments: “Mexico’s economic growth in 2025 is likely to encounter significant challenges, including uncertainty under a new US presidency and evolving global geopolitical dynamics. The US policy shifts, such as tariffs and immigration reforms, are expected to adversely impact trade and remittances. Investor sentiment may be further weakened by controversial judicial reforms, while Pemex’s financial struggles under revised energy policies could add to the economic strain. Additionally, rising public debt poses a risk of losing the nation’s investment-grade rating. As such, strategic actions will be essential to ensure stability.”

    In terms of sectors, mining, manufacturing, and utility activities contributed 26.2% to Mexico’s gross value added (GVA) in 2024, followed by wholesale, retail, and hotels business activities (23.9%), and financial intermediation, real estate, and business activities (16.2%). In nominal terms, the three sectors are forecast to grow by 6.5%, 7.6%, and 7.4%, respectively, in 2025, compared to an estimated 6.8%, 8%, and 7.8% growth in 2024.

    Ganpule adds: “The external sector is expected to face challenges as proposed tariff measures could sharply increase costs, disrupt the automotive and agriculture industries, and threaten millions of jobs across North America. Additionally, potential retaliatory actions from Mexico, as warned by President Claudia Sheinbaum, could further strain trade relations.”

    According to GlobalData analysis using data from ITC Trade Map, vehicles and auto parts accounted for 27.6% of Mexico’s total exports to the US in 2023, followed by 19.5% for electrical machinery and 17.4% for nuclear reactors, boilers, and mechanical appliances. Trump’s proposed tariff could severely impact these sectors, disrupting trade and supply chains.

    Ganpule continues: “The automotive industry, Mexico’s largest exporter, faces significant risks. Major automakers like Ford, Volkswagen, Toyota, Honda, General Motors, and Stellantis operate large manufacturing plants in Mexico, and tariffs could threaten exports, production, and investment stability.”

    Beyond autos, Mexico’s state-owned oil company, Pemex, relies heavily on the US for its sales and could see revenue declines. In consumer goods, companies like Controladora Mabe (home appliances) and Becle (tequila producer) are particularly vulnerable, with a hefty share of their revenues coming from US sales. The agribusiness sector could also feel the impact, affecting firms such as Grupo Bimbo, Sigma Alimentos, Gruma, and Arca Continental, though their US operations may provide some buffer.

    Mexico’s 2025 budget prioritizes fiscal discipline, aiming to reduce the budget deficit to 3.9% of GDP from 5.9% in 2024. The government plans significant spending cuts across sectors like defense, security, and the environment while focusing on achieving a primary budget surplus to ensure fiscal sustainability alongside economic growth and social development.

    Mexico ranked 82nd out of 153 nations in the GCRI Q4 2024 update, with an overall risk score of 57.8, placing it in the medium-risk category (scores between 40 and 60). This indicates a higher risk than the North American average of 43.8 and the global average of 55.0.

    Ganpule concludes: “Mexico’s economic trajectory depends on proactive fiscal policies, investment climate improvements, and strategic international negotiations. Strengthening trade alliances with other global partners and fostering domestic innovation will be crucial in mitigating external risks and ensuring long-term growth.”

    MIL OSI Economics

  • MIL-OSI: Qifu Technology to Announce Fourth Quarter and Full Year 2024 Unaudited Financial Results on March 17, 2025

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, March 04, 2025 (GLOBE NEWSWIRE) — Qifu Technology, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qifu Technology” or the “Company”), a leading Credit-Tech platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2024, before U.S. markets open on Monday, March 17, 2025.

    Qifu Technology’s management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Monday, March 17, 2025 (7:30 PM Beijing Time on the same day).

    Conference Call Preregistration

    All participants wishing to join the conference call must pre-register online using the link provided below.

    Registration Link: https://s1.c-conf.com/diamondpass/10045854-hg6t5r.html

    Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

    Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at ir.qifu.tech.

    About Qifu Technology

    Qifu Technology is a leading Credit-Tech platform in China that provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

    For more information, please visit: ir.qifu.tech.

    Safe Harbor Statement

    Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qifu Technology may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, the Company’s cooperation with 360 Group, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qifu Technology’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qifu Technology does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For more information, please contact:

    Qifu Technology
    E-mail: ir@360shuke.com

    The MIL Network

  • MIL-OSI Africa: A New Dawn for African Sports: Unlocking Transformational Investment in Community Sports Infrastructure

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

    LAGOS, Nigeria, March 4, 2025/APO Group/ —

    The Sports Africa Investment Summit 2025 has marked a pivotal moment in Africa’s journey toward sports industrialisation and economic transformation. Over two electrifying days in Lagos, the summit, hosted by Sport Nigeria Ltd/Gte (www.SportNigeria.ng) in partnership with the Office of the Presidency and the National Sports Commission, brought together a powerful coalition of stakeholders—government representatives, UNESCO, AFREXIM Bank, Development Finance Institutions (DFIs), investors, and sports industry leaders—all united by a shared vision: to unlock the immense potential of sports as a driver of economic growth, job creation, and community development across Africa. 

    At the heart of this historic gathering was the signing of a groundbreaking technical agreement between the Abia State Government and Sport Nigeria Ltd/Gte, paving the way for Africa’s first-ever Sports Special Economic Zone (SSEZ). This visionary initiative will transform Abia State into a global hub for sports goods manufacturing, leveraging Aba’s legendary craftsmanship, entrepreneurial spirit, and industrial excellence. Aligned with Nigeria’s Industrial Revolution Plan (NIRP) and the African Continental Free Trade Area (AfCFTA), the SSEZ is poised to become a beacon of innovation, trade, and industrialisation, creating thousands of jobs and empowering local businesses. 

    According to Hon. Nwaobilor Ananaba, Commissioner for Sports, Abia State, “The Special Sports Economic Zone is a game-changer for Abia State and Nigeria at large. Under the visionary leadership of His Excellency, Dr. Alex Otti, OFR we are committed to driving a collective agenda that will transform Abia into the premier hub for sports goods manufacturing and infrastructure development. This project is a bold step toward job creation, youth empowerment, and economic diversification, and we will work tirelessly to ensure its full realisation with our partners, Sports Nigeria.” 

    The summit’s robust discussions underscored the pressing need for innovative financing models, capacity-building initiatives, and diaspora engagement to sustain long-term development. According to Mr. Chinedum Chijioke, Chair of the Abia State Investment Office, “The signing of this agreement marks the beginning of a transformative journey to attract global investments and build an ecosystem where sports, commerce, and industry thrive together. We are dedicated to fostering strategic partnerships that will actualise this vision and create lasting economic impact.” 

    The summit also saw the formal launch of Spaces 4 Sports, Sport Nigeria’s flagship initiative designed to address Africa’s sports infrastructure deficit at the grassroots level. This cluster-based model will integrate community sports hubs across the continent, providing accessible facilities that encourage mass participation in sports, particularly within the education sector. By embedding sports into daily life, Spaces 4 Sports aims to achieve a 50% increase in mass sports participation, enhance youth engagement, and accelerate progress toward the Sustainable Development Goals (SDGs) and Africa Union Agenda 2063, using sports as a catalyst for education, health, and gender inclusivity. 

    The message from the summit was clear: Africa’s sports economy is ready to take off, but it will require bold investments, visionary leadership, and strategic partnerships to realise its full potential. This point was emphasised by Ms. Nkechi Obi, CEO of Sport Nigeria Ltd, “Sports is more than entertainment—it’s an industry, a business, and a force for economic transformation. Abia’s Sports Special Economic Zone is the first of its kind, but it won’t be the last. We are setting a precedent that others will follow.” 

    The private sector has a critical role to play in bridging the infrastructure gap and unlocking the industry’s potential. With sports serving as a multi-billion-dollar industry globally, Africa is uniquely positioned to harness its youthful population, raw talent, and market demand. Strategic investment in sports infrastructure will not only drive economic growth but also create employment, boost tourism, and elevate Africa’s global sporting competitiveness. 

    Mr. Yahaya Maikori, Vice Chairman of Sport Nigeria, notes that “We don’t need more talk—we need action. This SSEZ is our action plan. The world is watching, and investors are ready. Now is the time.” 

    The foundation has been laid. The partnerships are forming. Now is the time for investors, DFIs, and Africa-focused development organisations to step forward and seize this unprecedented opportunity. The future of African sports is not on the sidelines—it’s in the factories, the training centers, the research labs, and the boardrooms. 

    The call to action is clear: Invest in Africa’s sports future. Build the infrastructure. Empower the youth. Transform communities. Together, we can change the game. 

    MIL OSI Africa

  • MIL-OSI Russia: The school under construction in Novo-Peredelkino is already 60 percent complete

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    In the Novo-Peredelkino district, construction of a school for 550 students is underway. It will be built using funds from the Targeted Investment Program. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “A new modern building is being erected in Novo-Peredelkino at the address: microdistrict 14, building 20. It will be part of educational complex No. 1238. The total area of the four-story building is 8.8 thousand square meters. Currently, the installation of internal engineering systems and the facade is ongoing at the construction site, and the finishing of the premises is underway. Also, the installation of external engineering networks is more than 70 percent complete. The overall readiness of the school is about 60 percent,” said Vladimir Efimov.

    The school will consist of three functional blocks with large internal areas and recreation areas.

    “A spacious lobby with cloakrooms, universal and specialized classrooms and a dining hall are designed on the first floor. A biology classroom, as well as halls for events and sports activities are planned on the second floor. Universal and specialized classrooms, a choreography studio and a media library will be located on the third and fourth floors,” the head of the Civil Engineering Department specified. Rafik Zagrutdinov.

    The school’s façade design will blend harmoniously with the surrounding buildings. Nearby, there will be areas for events, recreation, and sports.

    According to the Chairman of the State Construction Supervision Committee Anton Slobodchikova, the entire construction cycle is under the control of the department. Inspectors have already conducted eight on-site inspections at the site, assessing the quality of the work performed and the materials used for compliance with the design documentation and the approved architectural and urban planning solution.

    Earlier, Sergei Sobyanin called Key construction projects in Moscow for the next two years.

    The construction of social facilities in the capital corresponds to the goals and initiatives of the national project “Infrastructure for life”.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/150879073/

    MIL OSI Russia News