Category: housing

  • MIL-OSI Africa: Parliament Statement on the Mandela Day

    Source: APO


    .

    The Presiding Officers of Parliament, Speaker of the National Assembly Ms Thoko Didiza and Chairperson of the National Council of Provinces Ms Refilwe Mtshweni-Tsipane, call on all South Africans to honour the enduring legacy of our founding democratic President, Tata Nelson Mandela, by actively working to change the world around them—on Mandela Day and beyond.

    This year’s Mandela Day theme, “It’s still in our hands to combat poverty and inequality,” serves as a powerful reminder that the struggle for justice, dignity, and equality continues—and that meaningful change requires collective action from institutions, communities, and individuals alike.

    Mandela Day encourages each of us to dedicate 67 minutes of service to others, symbolising the 67 years Madiba spent fighting for justice and freedom. But these 67 minutes are not just symbolic; they are an invitation to ignite a deeper, daily commitment to nation-building and solidarity.

    As the country marks 31 years of democracy and commemorates the 70th anniversary of the Freedom Charter, Parliament reaffirms its constitutional obligation to lead in the transformation of society. Through progressive legislation, effective oversight, and vibrant public participation, Parliament continues to strive for a South Africa that reflects the ideals for which Madiba lived and sacrificed.

    While Parliament carries the responsibility to enact change through its democratic mandate, every citizen also has a role to play.

    Parliament acknowledges that although significant strides have been made through laws and policies that have improved the lives of millions, the journey toward a more just and equitable society must continue with urgency and resolve. Parliament will remain unwavering in promoting accountability, transparency, and people-centred governance to realise the better life Madiba envisioned for all.

    To honour Mandela’s legacy of compassion and service, the Presiding Officers of Parliament are leading outreach activities throughout this month and beyond in support vulnerable communities across the country.

    This morning, the Presiding Officers of Parliament, joined by National Assembly Deputy Speaker Dr Annelie Lotriet, NCOP Deputy Chairperson Mr. Les Govender and Secretary to Parliament Mr Xolile George will lead an outreach initiative by personally serving meals to homeless individuals at the Gama Parking Lot adjacent to Parliament from 10h00. Through this symbolic gesture, Parliament seeks to encourage all South Africans to embody the spirit of Ubuntu by engaging in daily acts of kindness and community upliftment.

    Distributed by APO Group on behalf of Republic of South Africa: The Parliament.

    MIL OSI Africa

  • MIL-OSI Africa: Call to address widening insurance protection gap

    Source: Government of South Africa

    With the surge in natural disasters in the last decade, the Governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has called on leaders in the Group of Twenty (G20) to bridge the gap in the natural catastrophe insurance protection gap.

    The gap refers to the difference between total economic losses and insured losses caused by natural catastrophe (NatCat) events.

    “Addressing the Natural Catastrophe Insurance protection gap is both urgent and consequential for both developed and emerging market economies.

    “The frequency and intensity of natural disasters are increasing, causing significant damage to property and infrastructure, impacting lives and livelihoods, and resulting in tremendous loss of life. The risks are global, but the burden is deeply unequal,” Kganyago explained.

    The Governor was speaking during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings in Durban on Thursday. 

    He was addressing senior leaders from governments, central banks and supervisors,  the private sector, and international organisations at a side event that discussed strategies and solutions for addressing  the widening insurance protection gap.

    NatCat protection gaps present a global challenge, affecting both advanced and emerging market and developing economies (EMDEs), and therefore require global responses. 

    In recent decades, damages and losses from NatCat events have surged due to the growing frequency and severity of extreme weather events, exacerbated by climate change.

    While insurance markets play a crucial role in mitigating the financial impacts stemming from these damages, their ability to offer adequate coverage is increasingly being challenged, leading to a widening insurance protection gap against NatCat events.

    “In many emerging and developing economies, the costs of these disasters are magnified by limited financial and significant lack of insurance protection.

    “Globally, it is estimated that over half of natural disaster losses remain uninsured. In EMDEs, that figure often exceeds 70%. South Africa, for example, is estimated at 71% and India at around 91%. This leaves households, businesses and governments dangerously exposed, compounding economic shock and slowing development for years or even decades,” the Governor said.

    Emerging market and developing economies face disproportionately higher protection gaps due to low insurance penetration, affordability challenges, underdeveloped insurance markets, and insufficient access to risk models and data.

    Significant insurance protection gaps are also observed in advanced economies, including Europe. In recent years, promoting insurance protection against NatCat events has become an important priority for policymakers and the international community.

    “From a central banking perspective and financial stability perspective, this is not a peripheral issue but a core issue. Uninsured losses from natural disasters can undermine economic stability, threaten the solvency of financial institutions and disrupt credit flows.

    “Moreover, when governments must step in with emergency funds or debt finance reconstruction, it places additional strain on already limited fiscal space,” he said.

    For central banks, policymakers and supervisors, bridging this protection gap is part of building macro financial resilience, the Governor said.

    Call for improved mechanisms

    “It calls for stronger risk sharing mechanisms, improved data and modelling of climate related risks and innovative insurance solutions such as parametric instruments, catastrophe bonds and regional risk pools.

    “More importantly, it requires a coordinated and collaborative effort across governments, insurance supervisors, the private sector, international organisations, multilateral development institutions and local communities to embed financial resilience into our climate and development strategies,” Kganyago said.

    He encouraged the global leaders to recognise that resilience is not built in the aftermath of disasters but in the deliberate and proactive planning and actions before they occur.

    “Insurance is not a luxury; it is a foundational and critical tool for sustainable development. Let’s think boldly about how we can address this protection gap beyond innovative products to include appropriate policies and regulations that are inclusive, accessible and tailored to jurisdictional instances, especially considering the realities of EMDEs,” the Governor said.

    The G20 South African Presidency, in collaboration with the International Association of Insurance Supervisors (IAIS) and the World Bank Group (WBG), hosted this side event during the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings.

    The event focused on improving financial resilience and enhancing broader disaster risk mitigation strategies by identifying and addressing insurance protection gaps.

    Input paper 

    South Africa assumed the G20 Presidency on 1 December 2024 until 30 November 2025 under the theme: “Solidarity, Equality and Sustainability”.

    This initiative forms part of the G20 Sustainable Finance Working Group (SFWG) priority of scaling up finance for adaptation and just transitions, as discussed in an IAIS-WBG input paper, which will be published next week.

    The paper serves as a ‘guide for action’ to help jurisdictions narrow NatCat insurance protection gaps. The paper outlines practical and implementable actions that governments, supervisors, and the insurance industry can take, with a particular focus on EMDEs. 

    From 21 July 2025, the input paper can be accessed on the G20 SFWG website: https://g20sfwg.org/document-repository/.
    SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI United Kingdom: Annual Report 2024-25 reveals progress in digital transformation and improving speed of service

    Source: United Kingdom – Executive Government & Departments

    News story

    Annual Report 2024-25 reveals progress in digital transformation and improving speed of service

    Better serving our customers and the property market, our Annual Report and Accounts 2024-25, is published today (18 July 2025).

    HM Land Registry has today (18 July 2025) published its Annual Report and Accounts for 2024-25, highlighting significant achievements in improving service delivery and digital capabilities.

    The report reveals how the organisation has made substantial progress in building services to meet customer needs while maintaining the security and integrity of property ownership records that underpin approximately £9 trillion worth of property assets across England and Wales.

    Simon Hayes, Chief Executive and Chief Land Registrar, said:

    We know how important it is that everyone can rely on HM Land Registry to ensure their property ownership records are secure and accurate. This is fundamental in helping people to buy homes, develop land and secure mortgages. Our role in maintaining the guaranteed record of property ownership in England and Wales is of huge economic importance to the country, supporting and enabling more than £1 billion of property market activities every day.

    Our investment in digital services and focus on efficiency has allowed us to process registrations faster, although we will continue to reduce the time it takes for us to process certain applications.

    Our focus on improving the speed of registration has yielded tangible results. By March 2025 we had surpassed our target to process 95% of all applications within 12 months of submission. However, we remain committed to further improving the service we provide to our customers and the industry, both by harnessing technology and through the dedication of our people.

    Key highlights

    • HM Land Registry’s data assets continued to provide transparency, accuracy and reliability in property transactions. As part of critical national infrastructure, they underpin a nearly £9 trillion property market and enable the UK House Price Index, which is used for fiscal forecasting. Over 3,000 data users now download our datasets monthly, with uses ranging from asset management to risk analysis of potential development sites.
    • By March 2025, a total of 110 local authorities had successfully transferred more than 7.2 million local land charges to our digital Local Land Charges Register. The time taken to receive search results in migrated areas has reduced from days or weeks to instant availability online. Having this information earlier in the transaction process helps to speed up homebuying and planning decisions.
    • HM Land Registry was recognised at the 2024 AI awards for its pioneering use of artificial intelligence in document comparison. This automates the complex task of comparing application documents, significantly improving accuracy, reducing processing time and freeing up caseworkers for more complex work.
    • Our counter fraud group prevented more than £59 million worth of fraudulent property applications in 2024-25. They achieved this through a combination of reviewing and updating HM Land Registry’s methods for detecting fraud, working in partnership with other agencies across government and the property sector and encouraging the public to be on their guard and sign up for our free Property Alert service.

    The full Annual Report and Accounts 2024-25 is available on GOV.UK.

    We will publish our Strategy 2025+ in the autumn to outline how we will continue to safeguard property rights, enable growth and deliver modern digital public services that meet the needs of our customers and the property market.

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Get beach ready as the seaside comes to Leeds for summer holidays

    Source: City of Leeds

    Leeds is getting its own seaside resort this summer, complete with beach huts, a pier and a fairground.

    Lotherton’s grounds have been transformed for the summer holidays with their new installation which will run from 19 July until 31 August.

    A Lotherton Summer Holiday invites the entire family to come and enjoy the beach and pier display and a full entertainment programme including live music, dance class pop ups, hilarious magic and sublime science shows. 

    The Lotherton beach boasts a giant deck chair and traditional seaside shop, and beach dwellers can also visit the fortune teller display or the games room for the quintessential British seaside pier experience.

    Rowing boats that were used on Waterloo Lake in Roundhay Park in the 1980s have also been donated to the installation. The park’s boat hire started in the early 1900s and Lotherton’s visitors can now experience what it was like on summer afternoons 40 years ago.

    Families can also take part in arts and crafts activities and search for picnic items in a trail around the impressive Edwardian house, Lotherton Hall.

    By popular demand, last year’s deer park tractor tours will be returning for the holidays, taking visitors out among the estate’s deer herd to get close to the magnificent animals. Running every weekday at 11am and 1pm each tour can take up to 30 people who will get to learn all about Britain’s biggest native mammal.

    Councillor Mohammed Rafique, Leeds City Council’s executive member for climate, energy, environment and green space, said: “It’s great to see summer return to Lotherton, with this year’s display being bigger and better than before.

    “They’ve got everything that is unique about a British seaside resort right here in Leeds and there are plenty of activities to take part in.

    “Lotherton is also home to a spectacular variety of wildlife species including emus, cranes, Arthur the tapir and critically endangered Visayan warty pigs, so it is the perfect day out for the whole family.”

    A Lotherton Summer Holiday runs from 19 July until 31 August. The fairground will finish on the 25 August. Full entertainment programme can be found at A Lotherton Summer Holiday | Leeds Museums and Galleries.

    The deer park tours run on weekdays and can be booked as an add-on to ticket admission (at an additional cost) at Deer Tractor Tours | Leeds Museums and Galleries.

    ENDS

    MIL OSI United Kingdom

  • PM Modi unveils infrastructure projects worth ₹7,200 crore in Bihar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday inaugurated a series of infrastructure projects worth ₹7,200 crore in Bihar, urging the transformation of the state into a hub of growth and opportunities and an integral part of the Viksit Bharat mission.

    Addressing a large public gathering in Motihari, PM Modi said that just as several Eastern nations have emerged as key centres of global growth, Bihar too should become the driving force behind India’s development.

    “I congratulate everyone on receiving a slew of developmental projects worth ₹7,200 crore,” the Prime Minister said.

    He emphasised that the NDA government under Chief Minister Nitish Kumar is committed to the welfare of Bihar’s people and is focused on bringing equitable development to the state, comparable to more developed regions across India.

    “Our aim is to bring Bihar’s cities on par with other developed urban centres – equating Gaya with Gurugram, Pune with Patna, Jaipur with Jalpaiguri, and Bengaluru with Birbhum,” he said.

    PM Modi criticised the previous UPA government for giving Bihar “step-motherly treatment,” stating that it had allocated only ₹2 lakh crore to the state over a decade. In contrast, he said, the BJP-led government has significantly increased that allocation over the past 10 years. He added that those who practiced “revengeful politics” have now been shown the door.

    He also pointed out that Bihar has been a major beneficiary of the Centre’s public welfare schemes. “In Motihari alone, more than three lakh families have received pucca houses under our schemes,” the Prime Minister said.

    Earlier in the day, PM Modi was given a grand reception, with thousands of people lining the streets of Motihari, waving and chanting slogans as his convoy passed by.

    -IANS

  • MIL-OSI United Kingdom: London to Essex c2c services return to public control in step towards Great British Railways

    Source: United Kingdom – Executive Government & Departments

    Press release

    London to Essex c2c services return to public control in step towards Great British Railways

    c2c’s rail services to be brought into public ownership.

    • trains services across London and Essex will be publicly-owned from this Sunday
    • this marks another move towards Great British Railways, doing away with decades of fragmentation and private profiteering, while rebuilding a world class service for passengers
    • key step in rail reset to boost reliability, increase passenger numbers and drive economic growth under the Plan for Change

    Passengers across London and Essex will be travelling on publicly-owned train services from this Sunday (20 July 2025), as c2c’s services become the next to be brought into public ownership through government plans to restore pride in the railways.

    From Sunday, c2c services operating from Fenchurch Street to Shoeburyness will be placed in public hands, marking the second operator’s services to be brought into public ownership under new legislation, and the sixth operator run by the Department for Transport Operator (DFTO) – meaning around 4 in 10 passenger journeys will be run under public ownership. c2c will be joining Northern, TransPennine Express, Southeastern, LNER and South Western Railway currently operated by DFTO.

    The move marks another step forwards toward Great British Railways, which will unite track and train under a complete reset that will mark the high standard of service and delivery the public should expect to receive, encouraging more people to take the train, driving growth and opportunity as part of the government’s Plan for Change.

    c2c is consistently rated one of the best performing operators in the country, recently achieving high customer satisfaction ratings of 89%, supporting thousands of jobs, and driving economic growth from London to Essex. Under public ownership it will continue to thrive – engaging closely with local communities, sharing best practices across other operators and working towards a more efficient railway with passengers at its heart.

    Public ownership puts passengers back at the heart of the rail network. Passengers can use their tickets on another publicly owned operator at no extra cost during disruption, and passengers in the north are now making journeys across Northern and TransPennine Express with just one booking, with over 15,000 journeys estimated to be booked this way since June 2024. Through working with Network Rail, Southeastern has increased capacity to popular seaside spots in the summer months allowing more passengers to take the train to beaches like Margate, Whitstable and Herne Bay.

    Two-thirds of Britons have already expressed their support for public ownership, which will save the taxpayer up to £150 million a year in fees alone and ensure every penny can be spent for the benefit of passengers.

    Transport Secretary Heidi Alexander said:

    Whether you’re shopping in Lakeside or walking along the beach in Southend-on-Sea, from this Sunday you will be able to get there on a train service run by the public, for the public.

    Public ownership is already tackling deep-rooted problems we see on the railway that’s led to spiralling costs, fragmentation and waste. A unified network under Great British Railways will take this further with one railway under one brand with one mission – delivering excellent services for passengers wherever they travel.

    This follows the passing of the Public Ownership Act in November 2024 which will enable passenger services operating under contracts with the department to be brought into public ownership.

    Rob Mullen, Managing Director of c2c said:

    At c2c, we are proud of the reliable and high level of service we offer our passengers, consistently being rated as one of the best performing operators in the country.

    We now have a golden opportunity to collaborate with the wider family of publicly owned operators, sharing our successes and best practice, but also learning from a wide range of different and diverse operators who have already benefited from public ownership, to drive even more improvements for the people and places we all serve.

    A unified and focused railway can deliver more for our communities, including better growth, jobs and houses. If we are thriving as a train operator it helps our communities to thrive. This is the positive feedback loop we are excited to deliver, supported by better and closer collaboration with our partners in the lead up to GBR.

    Earlier in May, South Western Railway’s services became the first to come into public ownership under new legislation, c2c’s will follow as the second this Sunday, and Greater Anglia’s services will be next to be brought in on 12 October. The Railways Bill, which will be introduced to Parliament later this year, will enable the establishment of Great British Railways. This means passengers will travel on GBR trains, running on GBR tracks, working to a GBR timetable.

    In the meantime, public sector operators will have to meet rigorous performance standards and earn the right to be called ‘Great British Railways’. Public sector operators will be set bespoke standards on things like punctuality, cancellation and passenger experience, so we can rebuild a world class public service. These will be set out in due course.

    Rail media enquiries

    Media enquiries 0300 7777878

    Switchboard 0300 330 3000

    Updates to this page

    Published 18 July 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: A student of SPbGASU will take part in the All-Russian student graduation ceremony “Your graduation”

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering –

    An important disclaimer is at the bottom of this article.

    The best university graduates, winners of all-Russian projects, foreign students with outstanding achievements in the field of youth policy and educational activities, representatives of the teaching staff and vice-rectors responsible for the implementation of youth policy in universities will gather on July 19 at the National Center “Russia” in Moscow for the All-Russian Student Graduation. Representatives of the Russian presidential administration and the government will take part in the event.

    Our university will be represented by Marina Erdneyeva, a graduate of the construction faculty of SPbGASU, and Anna Tsarenko, deputy dean for educational work of this faculty.

    “Marina Erdneeva is a member of the dance group “BACKSHOTCREW” of SPbGASU, but she also actively participates in the development and implementation of projects in the field of youth policy, promoting the development of student creativity. Under the leadership of Maria Lyubetskaya, the BACKSHOTcrew team, in which Marina succeeded as a dancer, became a first-degree laureate of the Regional Festival of National Cultures “Northern Lights”, the XII Open Festival-Competition of Choreographic Groups of Modern Dance “POWER OF MOVEMENT”, the Open Youth Patriotic Festival-Competition “Music. Spring. Victory”, a first-degree diploma winner of the Interethnic Student Festival “Golden Autumn-2024”, the Open Dance Competition “Street Show Battle”, the Festival of Creativity “Youth Wave”, – said Anna Tsarenko.

    The All-Russian Student Graduation Program includes educational and cultural blocks, including online ones. A teleconference with universities and a live award ceremony for honors diplomas are expected. Universities will be offered a ready-made script package and technical support for holding their own events within the framework of the All-Russian Student Graduation with the participation of regional coordinators of the Tvoy Khod project. At the site of the National Center “Russia”, participants will meet with mentors and speakers, master classes, sessions, the “Letter to a First-Year Student” campaign from a graduate, educational and motivational blocks with the support of the Tavrida Art Cluster, the Association of Student Sports Clubs of Russia, the SHUM Center, the student media center of the Ministry of Education and Science of Russia “NOS” and the Russian Youth Union. Graduates who graduated with honors and have outstanding achievements in scientific, social, creative, and sports activities will be awarded on the main stage of the National Center “Russia”.

    An important part of the event will be the grand opening of the art object “Russian Students in Faces”.

    The event was organized by the Ministry of Science and Higher Education of the Russian Federation, the Presidential Platform “Russia – Land of Opportunities”, the Federal Agency for Youth Affairs “Rosmolodezh”, the All-Russian student project “Your Move”, with the support of the Russian Society “Knowledge” – the main educational organization of the country, the National Center “Russia” and the All-Russian public and state movement of children and youth “Movement of the First”.

    The opening ceremony of the event will take place at 11:00 on July 19, 2025 at the site of the National Center “Russia” (Moscow, Krasnopresnenskaya Embankment, 14).

    Official website

    VKontakte

    Telegram channel

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Russia: A student of SPbGASU will take part in the All-Russian student graduation ceremony “Your graduation”

    Translation. Region: Russian Federal

    Source: Saint Petersburg State University of Architecture and Civil Engineering –

    An important disclaimer is at the bottom of this article.

    The best university graduates, winners of all-Russian projects, foreign students with outstanding achievements in the field of youth policy and educational activities, representatives of the teaching staff and vice-rectors responsible for the implementation of youth policy in universities will gather on July 19 at the National Center “Russia” in Moscow for the All-Russian Student Graduation. Representatives of the Russian presidential administration and the government will take part in the event.

    Our university will be represented by Marina Erdneyeva, a graduate of the construction faculty of SPbGASU, and Anna Tsarenko, deputy dean for educational work of this faculty.

    “Marina Erdneeva is a member of the dance group “BACKSHOTCREW” of SPbGASU, but she also actively participates in the development and implementation of projects in the field of youth policy, promoting the development of student creativity. Under the leadership of Maria Lyubetskaya, the BACKSHOTcrew team, in which Marina succeeded as a dancer, became a first-degree laureate of the Regional Festival of National Cultures “Northern Lights”, the XII Open Festival-Competition of Choreographic Groups of Modern Dance “POWER OF MOVEMENT”, the Open Youth Patriotic Festival-Competition “Music. Spring. Victory”, a first-degree diploma winner of the Interethnic Student Festival “Golden Autumn-2024”, the Open Dance Competition “Street Show Battle”, the Festival of Creativity “Youth Wave”, – said Anna Tsarenko.

    The All-Russian Student Graduation Program includes educational and cultural blocks, including online ones. A teleconference with universities and a live award ceremony for honors diplomas are expected. Universities will be offered a ready-made script package and technical support for holding their own events within the framework of the All-Russian Student Graduation with the participation of regional coordinators of the Tvoy Khod project. At the site of the National Center “Russia”, participants will meet with mentors and speakers, master classes, sessions, the “Letter to a First-Year Student” campaign from a graduate, educational and motivational blocks with the support of the Tavrida Art Cluster, the Association of Student Sports Clubs of Russia, the SHUM Center, the student media center of the Ministry of Education and Science of Russia “NOS” and the Russian Youth Union. Graduates who graduated with honors and have outstanding achievements in scientific, social, creative, and sports activities will be awarded on the main stage of the National Center “Russia”.

    An important part of the event will be the grand opening of the art object “Russian Students in Faces”.

    The event was organized by the Ministry of Science and Higher Education of the Russian Federation, the Presidential Platform “Russia – Land of Opportunities”, the Federal Agency for Youth Affairs “Rosmolodezh”, the All-Russian student project “Your Move”, with the support of the Russian Society “Knowledge” – the main educational organization of the country, the National Center “Russia” and the All-Russian public and state movement of children and youth “Movement of the First”.

    The opening ceremony of the event will take place at 11:00 on July 19, 2025 at the site of the National Center “Russia” (Moscow, Krasnopresnenskaya Embankment, 14).

    Official website

    VKontakte

    Telegram channel

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Draft Tsuen Wan Outline Zoning Plan approved

    Source: Hong Kong Government special administrative region

    Draft Tsuen Wan Outline Zoning Plan approved 
         “The approved OZP provides a statutory land use planning framework to guide the development and redevelopment within the Tsuen Wan area”, a spokesman for the Town Planning Board said today (July 18). 
     
    The planning scheme area, covering about 743.48 hectares, includes Tsuen Wan Valley and its adjoining areas and forms part of the Tsuen Wan New Town. The area extends from Wo Yi Hop Road in the east to Yau Kom Tau in the west.
     
    The approved OZP has incorporated amendments shown on the draft Tsuen Wan OZP No. S/TW/38, which mainly involve (i) rezoning a site at the junction of Wing Shun Street and Texaco Road from “Government, Institution or Community (9)” to “Residential (Group A) 22” for private residential development; and (ii) rezoning a site at the junction of Ma Tau Pa Road and Texaco Road from “Comprehensive Development Area (1)” to “Commercial (7)” to facilitate redevelopment of the existing industrial buildings for commercial uses.
     
    The Notes and Explanatory Statement of the OZP have been amended to reflect the above amendments. Opportunity is also taken to update the general information of various land use zonings and the planning circumstances, where appropriate.
     
    The approved Tsuen Wan OZP No. S/TW/39 is available for public inspection during office hours at (i) the Secretariat of the Town Planning Board, (ii) the Planning Enquiry Counters, (iii) the Tsuen Wan and West Kowloon District Planning Office, (iv) the Tsuen Wan District Office and (v) the Tsuen Wan Rural Committee.
     
    Copies of the approved OZP are available for sale at the Map Publications Centre in North Point. The electronic version of the OZP can be viewed at the Town Planning Board’s website (www.tpb.gov.hkIssued at HKT 16:00

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI USA: Rep. Fitzgerald Statements on Passage of Defense Spending and Rescission Legislation

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statements in response to the passage of the Senate Amendment to H.R. 4, the Rescissions Act of 2025 and H.R. 4016, the Department of Defense Appropriations Act, 2026:

    H.R. 4, the Rescissions Act of 2025

    “Wisconsin families are sick and tired of seeing their hard-earned tax dollars funneled to politically biased media here at home. With the passage of the Rescissions Act of 2025, we aren’t just cutting spending—we are codifying the Department of Government Efficiency’s (DOGE) findings into law,” said Rep. Fitzgerald.

    “This bill locks in $9 billion in real savings and marks a monumental step toward restoring fiscal sanity, putting America First, and delivering on President Trump’s promise to root out waste, fraud, and abuse. House Republicans are committed to ending the era of bloated, woke government. I am proud to send this step towards fiscal responsibility to President Trump’s desk.”

    H.R. 4016, the Department of Defense Appropriations Act, 2026

    “This bill delivers on House Republicans’ promise to support our troops and their families, ensures America’s military remains the most lethal fighting force, and ends DEI, Critical Race Theory, and other woke ideologies that plague our military,” said Rep. Fitzgerald. “The America First agenda is embodied in this bill with critical investments in America’s missile defense system, next-generation military hardware, and border security. I look forward to continuing to deliver wins for Wisconsinites through the appropriations process.”

    Background: The Fiscal Year 2026 (FY26) Department of Defense (DOD) Appropriations Act provides discretionary spending of $831.5 billion, the same as FY25 enacted levels and consistent with the President’s Budget Request. Key highlights include:

    • Provides a 3.8% increase in basic pay for all military personnel, effective January 1, 2026.
    • Codifies DOGE cuts to reduce waste, fraud, abuse, or redundancies.
    • Provides $1.15 billion for counter drug programs and transfers Mexico from U.S. Northern Command’s jurisdiction to U.S. Southern Command for better coordination and prioritization.
    • Supports our Shipbuilding programs by fully funding the procurement of 28 ships, including the Columbia- and Virginia-Class submarine.
    • Codifies President Trump’s executive actions to end discriminatory Diversity, Equity, and Inclusion (DEI) programs and the teaching of Critical Race Theory. 

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Fitzgerald Statements on Passage of Defense Spending and Rescission Legislation

    Source: United States House of Representatives – Congressman Scott Fitzgerald (WI-05)

    WASHINGTON, DC – Congressman Scott Fitzgerald (WI-05) issued the following statements in response to the passage of the Senate Amendment to H.R. 4, the Rescissions Act of 2025 and H.R. 4016, the Department of Defense Appropriations Act, 2026:

    H.R. 4, the Rescissions Act of 2025

    “Wisconsin families are sick and tired of seeing their hard-earned tax dollars funneled to politically biased media here at home. With the passage of the Rescissions Act of 2025, we aren’t just cutting spending—we are codifying the Department of Government Efficiency’s (DOGE) findings into law,” said Rep. Fitzgerald.

    “This bill locks in $9 billion in real savings and marks a monumental step toward restoring fiscal sanity, putting America First, and delivering on President Trump’s promise to root out waste, fraud, and abuse. House Republicans are committed to ending the era of bloated, woke government. I am proud to send this step towards fiscal responsibility to President Trump’s desk.”

    H.R. 4016, the Department of Defense Appropriations Act, 2026

    “This bill delivers on House Republicans’ promise to support our troops and their families, ensures America’s military remains the most lethal fighting force, and ends DEI, Critical Race Theory, and other woke ideologies that plague our military,” said Rep. Fitzgerald. “The America First agenda is embodied in this bill with critical investments in America’s missile defense system, next-generation military hardware, and border security. I look forward to continuing to deliver wins for Wisconsinites through the appropriations process.”

    Background: The Fiscal Year 2026 (FY26) Department of Defense (DOD) Appropriations Act provides discretionary spending of $831.5 billion, the same as FY25 enacted levels and consistent with the President’s Budget Request. Key highlights include:

    • Provides a 3.8% increase in basic pay for all military personnel, effective January 1, 2026.
    • Codifies DOGE cuts to reduce waste, fraud, abuse, or redundancies.
    • Provides $1.15 billion for counter drug programs and transfers Mexico from U.S. Northern Command’s jurisdiction to U.S. Southern Command for better coordination and prioritization.
    • Supports our Shipbuilding programs by fully funding the procurement of 28 ships, including the Columbia- and Virginia-Class submarine.
    • Codifies President Trump’s executive actions to end discriminatory Diversity, Equity, and Inclusion (DEI) programs and the teaching of Critical Race Theory. 

    ###

    MIL OSI USA News

  • India remains a compelling investment destination globally: Report

    Source: Government of India

    Source: Government of India (4)

    India remains a compelling investment destination worldwide owing to its stability, structural reforms, and a resilient consumer base, a leading global investment firm, KKR, has stressed.

    KKR, in its ‘2025 Mid-Year Global Macro Outlook,’ said India’s growth prospects and favourable market conditions make it an attractive opportunity for investors. “From a macro perspective, India’s relative insulation from global trade friction remains intact, supported by its predominantly domestic, consumer-driven economy,” the report stated.

    “We continue to see India as one of the most compelling strategic allocations within emerging markets today,” it added.

    The report, published by KKR’s Global Macro & Asset Allocation team, emphasised India’s unique position as a scalable opportunity amid a shift from benign globalisation to great power competition.

    KKR also sees significant potential in infrastructure and credit investments in India, as the private sector capitalises on these trends.

    “As the global trade landscape recalibrates, India is well-positioned to increase its manufacturing share, particularly as oil prices soften and ‘China+1’ strategies become more entrenched. Cyclically, we are observing early signs of a rebound following a soft patch in 2024, driven by rural income recovery, robust services exports, and, importantly, supportive policy measures,” said the KKR report.

    Production-linked incentives and eased FDI rules are central to the government’s efforts to attract broader capital inflows. Anticipated rate cuts by the Reserve Bank of India and the recent fiscal year budget, which injects meaningful stimulus for low- and middle-income households, further bolster this outlook.

    “For investors, India also offers diversification benefits. Its equity market correlation with global indices has decreased — and the sheer scale of its economy is expected to unlock significant private sector opportunities over the next decade,” the report highlighted.

    The report further stated that while a modest depreciation of the rupee is anticipated, this can be hedged. The core investment thesis remains compelling: in a volatile global environment, India’s stability, ongoing reforms, and resilient consumer base create a differentiated and increasingly scalable opportunity.

    (IANS)

  • UAE and WHO Complete Major Health Assessment Phase in Yemen’s Socotra Island

    Source: Government of India

    Source: Government of India (4)

    Field teams from the United Arab Emirates and the World Health Organization have successfully completed the first phase of a comprehensive health assessment on Socotra Island in Yemen, conducted in close coordination with Yemen’s Ministry of Public Health and Population.

    The multi-phase operation will comprise four scheduled field visits over a one-year period, representing the initial phase of an ambitious program designed to reduce mortality related to poor health and malnutrition by 20 percent over the next two to five years through an integrated health system strengthening approach.

    The assessment covered 38 enumeration areas across all 29 sub-districts of Socotra Island. Preliminary results show that 93 percent of targeted health facilities were surveyed, with data collected from 4,214 households. Field teams conducted over 930 caregiver interviews, took anthropometric measurements from eligible children and mothers, facilitated 12 focus group discussions with community groups, and completed all 15 planned key informant interviews with stakeholders including local authorities, donor organizations, and UN agencies.

    The project will now enter the data cleaning and analysis phase, leading to a comprehensive report revealing the current status of maternal and child health and nutrition in the community. Future stages include procurement and distribution of medical supplies, recruitment of technical experts, training programs, and community awareness campaigns.

    The initiative reflects the UAE’s data-driven humanitarian approach, implemented in partnership with international health organizations to improve public health indicators among vulnerable populations. This assessment comes at a critical time for Socotra Island, which faces significant health challenges including food insecurity and repeated outbreaks of cholera, measles, and dengue fever.

    Socotra Island is a remote Yemeni archipelago located in the Indian Ocean approximately 380 kilometers south of the Arabian Peninsula. The largest island covers about 3,600 square kilometers and is home to approximately 60,000 inhabitants. Socotra is renowned for its extraordinary biodiversity, with up to a third of its plant species being endemic and found nowhere else on the planet. The island was recognized as a UNESCO World Heritage Site in 2008. Despite its natural significance, Socotra faces ongoing challenges from Yemen’s civil war.

  • MIL-OSI China: China’s retail sales of consumer goods grow 5.5% annually since 2021: Minister

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

    The State Council Information Office (SCIO) holds a press conference on China’s achievements in high-quality commerce development during the 14th Five-Year Plan period (2021-2025) in Beijing, capital of China, July 18, 2025. [Photo/Xinhua]

    The retail sales of consumer goods in China grew 5.5 percent on average annually over the past four years, and are expected to top 50 trillion yuan (about 7 trillion U.S. dollars) in 2025, Chinese Minister of Commerce Wang Wentao said Friday.

    The retail sales of consumer goods in China rose to 48.3 trillion yuan in 2024 from 39.1 trillion yuan in 2020, Wang said.

    According to the World Bank, in terms of actual purchasing power, China’s retail sales of consumer goods surpassed that of the United States, reaching 1.6 times the level of the United States last year.

    Consumption has contributed around 60 percent of China’s economic growth on average annually over the past four years, and the role of consumption as the economy’s main engine has continued to strengthen, Wang said.

    Sales revenue under trade-in programs in China has surpassed 2.9 trillion yuan as of the end of June.

    China’s service consumption continues to grow rapidly, with household spending on services reaching 46.1 percent last year, according to Wang.

    During the 15th Five-Year Plan period (2026-2030), China will continue to reduce restrictive measures in the service consumption sector, Wang said.

    From 2021 to 2024, China imported consumer goods worth 7.4 trillion yuan, demonstrating the significant contribution of its vast market to global development.

    China has refined its departure tax refund policy, and the total spending by inbound tourists reached 94.2 billion U.S. dollars in 2024, marking a remarkable increase of 77.8 percent year on year, Wang added. 

    MIL OSI China News

  • MIL-OSI Asia-Pac: Hong Kong House at Echigo-Tsumari Art Field 2025 to stage in Tsunan, Japan, from tomorrow (with photos)

    Source: Hong Kong Government special administrative region

         The Hong Kong House at the Echigo-Tsumari Art Field 2025 – The Whispers of Stone, organised by the Art Promotion Office (APO) of the Leisure and Cultural Services Department, will be staged in Tsunan, Niigata Prefecture, Japan, from tomorrow (July 19) until November 9. This year’s Hong Kong artists of the exhibition, Chris Cheung and Sim Shum, create a whimsical space using water stones as a medium, alongside sound, light and painting, combining the ancient legend of “The Talking Stone of Weiyu” about “speaking stones” from the Spring and Autumn period. The exhibition intertwines the themes of nature and humanity in an art space of sight and sound, offering audiences an immersive sensory experience of the environment.
     
         The Echigo-Tsumari Art Triennale, held every three years, is one of the world’s largest international outdoor art festivals. With the support of the Tsunan Town Government and in collaboration with the Echigo-Tsumari Art Triennale Executive Committee and the NPO Echigo-Tsumari Satoyama Collaborative Organization, the APO has launched the Hong Kong House in Tsunan, Niigata Prefecture, Japan, since 2018, serving as a platform for artist residencies, exchanges and exhibitions.
     
         Cheung and Shum were deeply touched by the uniquely shaped water stones of the Shinano River in Echigo-Tsumari, and their art works whisper the stories found in the lyrics of folk songs from the two places, diffusing emotions and memories. They referenced Morse code to develop a language system for the water stones and created the ink art work “The Ode of Stone” and the light installation “The Shades of Stones”, facilitating interaction with audiences. The other two installations, “The Book of Stones” and “The Blessings of Stone” draw inspiration from the Japanese garden design concept “Suikinkutsu” and sacred stones.
     
         The artists will also organise workshops to guide participants in creating a light installation, projecting their inner thoughts into the space through light and shadows.
     
         In addition, the activity collaborator, Make A Difference Institute, will organise a community-based food culture project “Minna no Tsukemono”, inviting participants to taste preserved foods from around the world.
     
         For details of the exhibition, please visit the APO’s website www.apo.hk/en/web/apo/there_hkh2025_the_whispers_of_stone.html, or Hong Kong House’s Facebook at www.facebook.com/apo.hkhouse and Instagram at www.instagram.com/hongkonghouse.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Speech by SCST at completion ceremony of Hong Kong Maritime Museum Jockey Club Anchor Plaza (English only)

    Source: Hong Kong Government special administrative region

    Speech by SCST at completion ceremony of Hong Kong Maritime Museum Jockey Club Anchor Plaza (English only) 
    Mr Hext (Chairman of the Hong Kong Maritime Museum, Mr Richard Hext), Mr Hunsworth (Steward of the Hong Kong Jockey Club, Mr Nicholas D Hunsworth), distinguished guests, ladies and gentlemen,
     
    Good morning. As they say, weathering choppy waters is perhaps the trick of the trade of the maritime industry. So, here we are, a trail to our professionalism. It is my great pleasure to join you all today at the completion ceremony of the Hong Kong Maritime Museum Jockey Club Anchor Plaza. Even despite the weather, it is worth taking a good look at our anchor and hearing what Richard will have to say later, introducing what the Anchor’s importance is.  
     
    Founded in 2005, the Hong Kong Maritime Museum has long been preserving and promoting the unique maritime history and culture of Hong Kong. As it approaches its 20th anniversary this year, the Maritime Museum’s journey has been remarkable. From its origins at Murray House in Stanley to its current home at Central Pier No. 8, the Museum has evolved into a cultural treasure, showcasing an impressive collection of maritime heritage, welcoming around 100 000 visitors every year, and establishing itself as a vital maritime landmark in Hong Kong over the past two decades. I am also glad to know that the Hong Kong Maritime Museum has been increasingly popular among tourists, with over 20 000 visitors from the Mainland of China and overseas recorded just last year.
     
    Today, I am delighted to witness the completion of the Hong Kong Maritime Museum Jockey Club Anchor Plaza, one of the Chief Executive’s Community Projects. This milestone, achieved after years of dedicated efforts, represents an exciting new chapter in the development of the Museum. Featuring a striking anchor about 7 metres high and a ship-like pavilion, the Anchor Plaza will provide a brand-new public learning space, inviting visitors to explore Hong Kong’s maritime culture while adding yet another vibrant attraction to the iconic Victoria Harbour. I believe that the Anchor Plaza will draw more people to come and appreciate Hong Kong’s unique history and culture as a port city.
     
    The next part of my speech is actually to give you an idea of what we give to have the museum and the support to the arts and culture scenes. But I think you would rather hear from Richard the story of the Anchor than listen to my speech. So I’m sure when I issue it as the press release, you will be able to learn about it.
     
    As you are all aware, the Government has been sparing no effort in fostering the development of arts and culture in recent years. Museums play an important role in preserving and disseminating cultural heritage. Apart from continuously improving public museum services, the Culture, Sports and Tourism Bureau and the Leisure and Cultural Services Department have been actively providing robust support for private institutions like the Hong Kong Maritime Museum. From thematic exhibitions like “Across Victoria Harbour” that revisit the past of Hong Kong, to the upcoming 2025 Forum for Asia-Pacific Maritime Culture to be held at the Museum, the Hong Kong Maritime Museum has played an integral role in enriching Hong Kong’s cultural landscape and fostering international cultural exchange that complements the Government’s work in a truly meaningful way.
     
    In addition to support from the Government, the successful completion of the great Anchor Plaza and the remarkable achievements of the Museum would not be possible without the dedication of the Hong Kong Maritime Museum team and the unwavering support from the Hong Kong Jockey Club, other patrons of the Museum, and the wider community. I would like to take this opportunity to express my sincere gratitude to everyone who has contributed to this project and to the ongoing growth of the Hong Kong Maritime Museum. Let’s join hands to make lasting contributions to the cultural development of Hong Kong.
     
    Let me wish the completion ceremony and the future of the Hong Kong Maritime Museum to weather through the choppy weather like right now, and I wish everybody a good day. Thank you.
    Issued at HKT 15:10

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: Twelve Million Kenyans to Benefit from a New Social Protection Project Aimed at Strengthening Human Capital and Economic Inclusion

    Source: APO


    .

    The World Bank Board of Directors approved the Second Kenya Social and Economic Inclusion Project (KSEIP2) which will strengthen the country’s social protection systems and scale up safety net support to twelve million citizens, including elderly, women, adolescents, children and other age specific vulnerable groups–while advancing human capital development and economic inclusion.

    The KSEIP2, a successor to the recently completed Kenya Social and Economic Inclusion Project (KSEIP), will build on the success and lessons learned from the relevant interventions implemented to enhance delivery systems for inclusive access to social and economic inclusion. It is financed by a $127.5 million investment from the International Development Association (IDA).

    Inclusive growth and poverty reduction are realized when there are more and better jobs as well as more accessible jobs for the poorest and most vulnerable populations,” said Qimiao Fan, World Bank Division Director for Kenya. “The project’s innovative elements will prepare today’s children and adolescents for healthy and productive adulthoods, help poorer families with sustainable livelihood enhancement, and ensure that hard-won gains are not lost to food insecurity during the times of drought or other crises.”

    The project will scale up cash-plus programs for targeted age groups, complementing the existing cash transfers provided under the government’s flagship National Safety Net Program (NSNP). KSEIP2 will promote inclusive and sustainable employment through the introduction of climate-resilient income-generating activities and by linking beneficiaries to government social insurance schemes for long-term savings and resilience.

    Given Kenya’s vulnerability to recurrent droughts in the North and Northeastern Counties, the project will also strengthen the efficacy of social protection system through investments in modernization and provision of emergency social assistance as temporary support to offset the adverse impact of such crisis.

    The Government of Kenya is committed to supporting opportunities for every Kenyan family to sustainably exit poverty and vulnerability. The KSEIP2 Project supports the government’s ambition on disrupting the vicious cycle of poverty by focusing on investments in children and adolescents, as well as households with productive capacity,” said Shubha Chakravarty, Senior Economist and the Task Team Leader, World Bank. “This objective will be achieved by working in synergy with other relevant government programs.”

    The project is consistent with the FY23-FY28 World Bank Group Country Partnership Framework (CPF), particularly with the objectives of increasing household resilience, national preparedness for shocks response, and priorities around human capital development and jobs agenda. It is also in line with Kenya’s vision 2030 while supporting the constitutional commitment to “provide social security for all Kenyans who cannot support themselves”.

    Distributed by APO Group on behalf of The World Bank Group.

    MIL OSI Africa

  • MIL-OSI Africa: Minister of State at Ministry of Foreign Affairs Meets United States (US) State Department Senior Advisor for Africa

    Source: APO


    .

    HE Minister of State at the Ministry of Foreign Affairs Dr. Mohammed bin Abdulaziz bin Saleh Al Khulaifi met on Thursday with HE Presidential Envoy and Senior Advisor for Africa at the US Department of State Massad Boulos, who is currently visiting the country.

    During the meeting, the two sides reviewed the close strategic relations between the State of Qatar and the United States and discussed ways to support and enhance them. They also discussed joint efforts to address the situation in the eastern Democratic Republic of the Congo, along with a number of issues of mutual interest.

    Distributed by APO Group on behalf of Ministry of Foreign Affairs of The State of Qatar.

    MIL OSI Africa

  • MIL-OSI USA: VIDEO: LEADER JEFFRIES FLOOR REMARKS ON RECKLESS REPUBLICAN RESCISSIONS PACKAGE

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Today, Democratic Leader Hakeem Jeffries spoke on the House Floor in opposition to the reckless Republican rescissions package that cuts funding for public broadcasting and international assistance. 

    LEADER JEFFRIES: Thank you, Mr. Speaker, and I thank the distinguished gentleman, the top Democrat on the Rules Committee, Mr. McGovern, for his leadership and for yielding. I thank all of the distinguished members of the Rules Committee for their steadfast and courageous, insightful participation in opposition to this rule and the substantive legislation that underlies this particular rule. I also want to thank Rosa DeLauro for her principled and strong opposition to this reckless Republican rescissions package, this effort by the Trump administration to once again hurt everyday Americans.

    Mr. Speaker, it was just said on the House Floor that the American people are fed up with out-of-control, wasteful government spending. As Democrats, we’re committed to making sure that taxpayer dollars are spent in an effective, efficient and equitable manner. This bill that’s on the Floor right now has nothing to do with waste, fraud and abuse. It represents an attack on the public health of the American people, the national security of the American people, the public safety of the American people and the ability of the American people to actually get information, particularly in rural America, that they may need through public radio or public television in the face of an emergency.

    Mr. Speaker, no one is buying the notion that Republicans are actually trying to improve wasteful spending, in the aftermath of this One Big Ugly Bill that just passed this chamber and has been signed into law that explodes the debt by more than $3 trillion, and then asks everyday Americans to pay for part of the expenses in the bill by ripping away healthcare for more than 17 million Americans. Hospitals will close, nursing homes will shut down, community-based health clinics will be unable to provide services to everyday Americans and as a result of the One Big Ugly Bill, people will die. It’s an all-out assault on healthcare, the largest cut to Medicaid in American history. It also rips food out of the mouths of hungry children, seniors and veterans. All of this being done to provide massive tax breaks to billionaires.

    And then, Mr. Speaker, in this One Big Ugly Bill that now has been signed into law, the debt and the deficit will explode by trillions of dollars. How dare anyone from the other side of the aisle claim to be the party of fiscal responsibility? That’s fake, and that’s phony.

    So when you look at this particular piece of legislation that’s in front of us right now, this reckless Republican rescissions package, it undermines American national security and American leadership in the world. This is not an America First bill, it’s a China First bill because of the void that’s being created all across the world. It’s in America’s interests, our national security interests, our leadership interests, to make sure that we’re investing in development and diplomacy and democracy all across the world.

    Great leaders have recognized that throughout the American journey. It was Abraham Lincoln who came to the House chamber in the middle of the Civil War in the early 1860s, spoke to the Congress and talked about America being the last best hope on Earth. President Lincoln said that in the 1860s, visionary declaration of the role that America might one day play as the leader of the free world. And this legislation, this reckless Republican rescissions package, undermines our ability to keep our people safe here and to project America’s soft power all over the globe. Why would we undermine our ability to use diplomacy, democracy and development to protect our own national security?

    Mr. Speaker, Mr. President—he promised that on day one, he was going to end the war in Ukraine. That’s now going on, and in this particular piece of legislation, we’re undermining the ability of Ukraine to continue to valiantly fight against Russian aggression. Russia’s not our friend. They’re our enemy. Vladimir Putin is a sworn enemy of the United States of America. Why is it, Mr. Speaker, that Republicans in this bill are undermining, once again, Ukraine? Ukraine stands on the side of democracy. Ukraine stands on the side of freedom. Ukraine stands on the side of truth. Russia stands on the side of autocracy and tyranny and propaganda. Why would we stand on the side of Russia? That’s inconsistent with American leadership. But this reckless Republican rescissions package, it does the exact opposite.

    Mr. Speaker, we just saw tragedy unfold in the Texas Hill Country. More than two dozen children have died. Parents should never have to bury their children. More than 100 Texans died in the deadly floods. And there are a lot of questions that need to be asked about government failure, state government failure in Texas. The Governor of Texas, he’s got a lot of questions that need be answered. Instead, he’s trying to rig the Texas congressional map, in the middle of a search and rescue operation. He’s got to answer some questions. The Trump administration needs to answer some questions about the National Weather Service and the devastating cuts that have been inflicted on them. The Trump administration, Mr. Speaker, needs to answer some questions about the stated goal to defund FEMA.

    So in the midst of this tragedy that we all need to collectively respond to in Texas, just like we need to respond to the tragedy that unfolded in California in the wildfires earlier this year, this reckless Republican rescissions package is going to undermine the ability of people in rural America and in small-town America to receive advance warning or necessary information when disaster strikes, when extreme weather strikes, when flooding strikes, when hurricanes strike. That’s what happens when you shut down public radio, when you shut down public television, which is what this reckless rescissions package will do.

    It’s all extraordinary. Mr. Speaker, I don’t understand why Republicans continue to advance legislation on the Floor of the House of Representatives that hurt everyday Americans. Is it simply because the goal is always to reward billionaires, as was done with the One Big Ugly Bill, providing them with massive and unnecessary tax breaks?

    Mr. Speaker, at the beginning of this Congress, we as House Democrats made clear that we will work with anyone in this town in order to make life better for the American people, to lower the high cost of living of the American people, to address the affordability crisis afflicting the American people. And we thought perhaps that we would have some partners in this necessary endeavor. Why? Because, Mr. Speaker, Donald Trump and House Republicans promised that you were going to lower costs. In fact, that costs were going go down on day one. Not my words, President Trump’s words. Costs haven’t gone down in the United States of America. Costs are going up. Inflation is on the way up. Life is getting more expensive for the American people. And nothing in this reckless rescissions package is going to make life more affordable for everyday Americans. It’s going to complicate their life even further, just like what happened with the One Big Ugly Bill. So, Mr. Speaker, we are strongly opposed to this legislation. Legislation that, apparently, Republicans don’t even want to actually debate on the House Floor. And once again, want to address an issue to be debated in this chamber under the cover of darkness.

    Finally, Mr. Speaker, the challenge that we have with this legislation is that the appropriations process has historically and traditionally been bipartisan—Democrats and Republicans working to try to come together to reach a spending agreement that meets the needs of the American people in terms of their health, their safety and their economic well-being. And do it—House Democrats, Senate Democrats, House Republicans, Senate Republicans—a bipartisan appropriations process to try to reach an enlightened agreement. But what this rescissions package signals to us and the people that we represent, more importantly, what it signals to America, as the OMB director just said, Republicans, Mr. Speaker, aren’t interested in bipartisanship, aren’t interested in common-sense solutions to finding common ground anchored in Democrats and Republicans coming together. We know that’s the case because we’ve made clear our willingness to solve the challenges that the American people face and work with anyone in this town, particularly when it comes to lowering the high cost of living in the United States of America. Republicans continue to do nothing about that, not a damn thing, to make life more affordable for the American people.

    And that’s one of many reasons why we continue to be opposed to this reckless legislation that you bring to the House Floor that hurts everyday Americans, will hurt children, will hurt families, will hurt older Americans and will hurt people that Republicans represent in rural America, all while undermining American leadership in the world. And so, Mr. Speaker, once again, this is unfortunate. Once again, we see a Congress not functioning as a separate and co-equal branch of government, a Congress, given this Republican majority, not willing to serve as a check and balance on an out-of-control executive branch, but always willing to do the bidding of the executive branch, as if we work for the Article II branch of government. We don’t work for Donald Trump. We don’t work for JD Vance. We don’t work for the OMB director. We work for the American people, and that’s why we are a hard no against this reckless rescissions package. I yield back.

    Full speech can be watched here.

    ###

    MIL OSI USA News

  • MIL-OSI: Good customer activity and strong credit quality led to solid results for the first half of 2025. Net profit of DKK 11.2 billion

    Source: GlobeNewswire (MIL-OSI)

    Press release Danske Bank
    Bernstorffsgade 40
    DK-1577 København V
    Tel. + 45 45 14 14 00

    18 July 2025

    Page 1 of 3

    Good customer activity and strong credit quality led to solid results for the first half of 2025
    Net profit of DKK 11.2 billion

    Carsten Egeriis, Chief Executive Officer, comments on the financial results:

    “In the first half-year, we continued our robust performance and delivered solid results in line with our expectations. We saw new business customer relations being established, a continued uplift in lending and a steady development in core income, and we maintained our focus on cost management. Furthermore, credit quality remained strong, resulting in a low level of loan impairments.

    Our solid financial results and capital position enable us to be a strong financial partner, providing expert advice and standing by our customers and society in times of volatile markets.

    With our increased investments in technology and customer offerings, we continue to deliver on our Forward ’28 strategy and are well on track to meet our guidance for the full year.”

    Solid performance in uncertain environment
    Driven by good customer activity across our business and our ongoing commitment to efficiency, we achieved a net profit of DKK 11.2 billion and a return on equity of 13% in the first half of the year. These solid financial results reflect our successful execution and strategic focus in key growth areas.

    Net interest income remained steady, as the adverse effect of the sale of the personal customer business in Norway and a reduction in deposit margins was offset by enhanced lending activity and our deposit hedge strategy.

    Net fee income for the first half of the year was stable year on year, supported by growing demand for everyday banking services in the first quarter, although this demand decreased in the second quarter. Fee income related to capital markets and investment activity was impacted by the decline in investment appetite caused by the market volatility.

    On the basis of continued cost discipline, the cost trajectory is in line with the full-year 2025 guidance. Furthermore, credit quality remained strong, supported by favourable macroeconomic conditions, including the employment rate. Loan impairment charges remained low and amounted to DKK 266 million in the first half of the year.

    With prudent asset and liability management, our capital and liquidity positions remain solid, with substantial buffers well above regulatory requirements.

    “In the first half of the year, we achieved a solid financial performance, fuelled by good customer activity that led to resilient core banking income and an increase in net trading income year on year. Net profit was stable, despite the impact of rates and market volatility. Our diversified business model and operational efficiency contributed to an improved cost/income ratio of 45.4% and a return on equity of 13.0%. We are on track to meet our 2025 guidance and are progressing towards achieving our 2026 financial targets,” says Cecile Hillary, Chief Financial Officer.

    H1 2025 vs H1 2024
    Total income of DKK 27.9 billion (DKK 28.0 billion in the first half of 2024)
    Operating expenses of DKK 12.7 billion (DKK 12.8 billion in the first half of 2024)
    Loan impairments of DKK 266 million (net reversal of DKK 99 million in the first half of 2024)
    Net profit of DKK 11.2 billion (DKK 11.5 billion in the first half of 2024)
    Return on shareholders’ equity of 13.0% (13.1% in the first half of 2024)
    Total capital ratio of 22.4% and CET1 capital ratio of 18.7% (total capital ratio of 22.5% and CET1 capital ratio of 18.5% in the first half of 2024)

    Resilient macroeconomic outlook amid uncertainty
    Despite the challenges posed by geopolitical turbulence and market volatility, the macroeconomic environment in our operating markets remains robust. The Nordic economies continue to exhibit resilience.

    The economies are increasingly supported by increased household spending power and lower interest rates. However, this has not translated into improved consumer sentiment, as retail customers remain cautious and consumer confidence is low.

    According to the latest macroeconomic outlook by Danske Bank Research, we continue to expect robust economies with high employment rates and single-digit growth, particularly in Denmark.

    “Nordic businesses still have a cautiously positive outlook, and we share their view that growth is likely to become moderately higher, despite the uncertainty hanging over the global economy. Though conditions are in place with higher real incomes and lower interest rates, we do not expect a strong recovery. Households remain deeply worried about the economic situation, which could hold growth back, but there is also a potential for the situation to improve,” says Las Olsen, Head of Macro Research.

    Personal Customers
    Profit before tax amounted to DKK 4,217 million in the first half of 2025 (H1 2024: DKK 5,028 million). The decrease was mainly due to a decline in net interest income caused by lower deposit margins, a decline in fee income that was mainly the result of positive one-offs in the first half of 2024 and relatively subdued refinancing activity, as well as to slightly higher loan impairment charges. These were partly offset by rising deposit volumes and the impact of deposit hedging. Both income and operating expenses were affected by the divestment of the personal customer business in Norway. Loan levels remained stable, and deposits increased 5%.

    Business Customers
    In the first half of 2025, we saw continuously good progress in terms of customer inflow and a positive development in lending volumes, and business with existing customers remained strong across our mid-sized customer segment. Profit before tax amounted to DKK 5,085 million, an increase of 23% from the same period last year (H1 2024: DKK 4,140 million). The increase was driven by loan impairment reversals. Net fee income also increased, although the effect was offset by lower income from our leasing operations.

    Large Corporates & Institutions
    In the first half of 2025, we achieved solid financial results. Our efforts to attract new corporate customers outside Denmark and to strengthen customer relations across our markets have improved our position within cash management. Furthermore, we maintained our leadership within sustainable finance. Profit before tax decreased to DKK 4,544 million, or 9%, from the level in the same period last year, with the decrease driven by higher loan impairment charges.

    Danica 
    Net income at Danica decreased to DKK 714 million in the first half of 2025, down 25% from the level for the same period in 2024 due to a decrease in the insurance service result, which was impacted by a strengthening of provisions related to legacy life insurance products in run-off. The insurance service result for the health and accident business for the first half of 2025 recorded a loss, however, Danica saw an improvement during the first half of 2025 supported by a positive trend in the treatment and prevention of long-term illness and injury that was driven by intensified efforts with new healthcare solutions and improved digital solutions.

    Northern Ireland
    Residential mortgage lending volumes continued to grow, reflecting an increased market share of new business in Northern Ireland. Financial performance remained positive with profit before tax of DKK 1,110 million in the first half of 2025, 18% higher than for the same period last year.

    Outlook for 2025
    We maintain our guidance and expect net profit to be in the range of DKK 21-23 billion. The outlook is subject to uncertainty and depends on economic conditions.

    Danske Bank        

    Contact: Helga Heyn, Head of Media Relations, tel. +45 45 14 14 00

    Attachments

    The MIL Network

  • MIL-Evening Report: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation (Au and NZ) – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

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

    ref. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: Foreign Minister Lin leads business delegation to visit Taiwan-Paraguay Smart Technology Park in Ciudad del Este

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    July 13, 2025
    No. 240

    During his extensive trip to Paraguay, Minister of Foreign Affairs Lin Chia-lung visited the Taiwan-Paraguay Smart Technology Park in Ciudad del Este on July 12. He was accompanied by Paraguayan Minister of Foreign Affairs Rubén Ramírez Lezcano, Minister of Industry and Commerce Javier Giménez García de Zúñiga, Minister of Information and Communication Technologies Gustavo Villate, Executive Secretary of the Office of the President Marianna Saldívar Gadea, Deputy Minister of Public Works Emiliano Fernández, Governor of Alto Paraná César Landy Torres, President of the Taiwan-Paraguay Polytechnic University Jorge Daniel Duarte Rolon, and other officials.

     

    The technology park originates from a commitment made by President Lai Ching-te to assist Paraguay with economic development and job creation. Then Vice President Lai made the pledge in August 2023 while visiting Paraguay as a special envoy to attend the inauguration of President Santiago Peña Palacios.

     

    When Minister Lin took office on May 20 last year, he held in-depth talks on the project—which would have a profound impact on Paraguay—with President Peña, who was visiting Taiwan to attend President Lai’s inauguration. The two agreed that Taiwan and Paraguay would work together to make Paraguay a South American base for the smart technology industry and talent incubation.

     

    During his visit to the park, Minister Lin remarked that promotion of the Diplomatic Allies Prosperity Project in Paraguay followed a comprehensive plan led by a national team of businesses from Taiwan. He said that the project integrated civil engineering, private 5G network architecture, and smart applications. Minister Lin added that the initiative would not only create favorable conditions for Taiwanese enterprises investing in Paraguay, but that it would also bring substantial industrial development and employment opportunities to Paraguay. He noted that the process of building the park had been a team effort. Although there had been challenges along the way, Minister Lin said that the difficulties were a source of strength for today. He stated that the newly revitalized Taiwan-Paraguay Smart Technology Park would offer Taiwanese companies the same 006688 land rental incentive provided by special zones in Taiwan. (The 006688 plan offers free rent in years one and two, a 40 percent discount in years three and four, and a 20 percent discount in years five and six.) This is the first time that the preferential policy has been made available to Taiwanese enterprises overseas. Paraguay is also the first country outside Taiwan to apply the incentive. Minister Lin said that he had long advocated for the strategy of larger enterprises guiding smaller ones, combining soft and hard tactics, promoting public-private cooperation, and facilitating internal-external exchanges. He explained that the integration of various technological, financial, and human resources would help Taiwanese industries deploy investments in Paraguay. Minister Lin indicated that Paraguay’s stable economy, abundant and cheap supplies of water and electricity, and convenient business environment could make it a base for Taiwanese enterprises entering the South American market. 

     

    For the trip, Minister Lin extended special invitations to prominent manufacturers from all areas of the supply chain to join the delegation, tour the technology park, and explore business opportunities in Paraguay. The group included representatives from the semiconductor, AI applications, smart manufacturing, smart transportation, animal husbandry, cold chain logistics, and food processing industries. It is hoped that the companies will establish a presence in Paraguay as a joint fleet, joining forces in a new flying geese pattern of development and creating a Taiwan+n model of global industrial deployment. Taiwan will work together with Paraguay to create mutual prosperity and well-being, realizing President Lai’s policy vision of making Taiwan a global economic powerhouse.

    MIL OSI China News

  • MIL-OSI: Coop Pank unaudited financial results for Q2 2025

    Source: GlobeNewswire (MIL-OSI)

    By the end of the Q2 2025, Coop Pank had 218,000 customers, increased by 5,000 customers in the quarter (+2%) and by 22,000 in the year (+11%). The bank had 103,600 active customers, increased by 1,800 (+2%) in the quarter and by 8,300 (+9%) in the year.

    In Q2 2025, volume of deposits in Coop Pank decreased by 98 million euros (-5%), reaching total of 1.81 billion euros. The deliberate reduction of deposits is a result of the successful covered bond issuance carried out in the first quarter. Deposits from private clients increasing by 0.4 million euros: demand deposits decreased by 0.4 million euros and term deposits increased by 0.8 million euros. Deposits from domestic business customers decreased by 78 million euros: demand deposits decreased by 10 million euro and term deposits decreased by 68 million euros. Deposits from international deposit platform Raisin and other financing decreased by 21 million euros. Compared to Q2 2024, volume of Coop Pank’s deposits has increased by 77 million euros (+4%). In an annual comparison, share of demand deposits of total deposits has increased from 32% to 33%. In Q2 2025, the bank’s financing cost was 2.5%, at the same time last year the financing cost was 3.4%.

    In Q2 2025, net loan portfolio of Coop Pank increased by 125 million euros (+7%), reaching 1.94 billion euros. Over the quarter, the strongest growth was shown in the business loans portfolio, which increased by 82 million euros (+10%). Home loans increased by 37 million euros (+5%). The volumes of leasing portfolio increased by 3 million euros (+2%) and consumer finance portfolio increased by 2 million euros (+2%). Compared to Q2 2024, total loan portfolio of Coop Pank has grown by 322 million euros (+20%).

    In Q2 2025, overdue loan portfolio of Coop Pank was at the level 2.8%. A year ago, overdue loan portfolio was at the level of 2.2%.

    Impairment costs of financial assets in Q2 2025 were 1.4 million euros, which is 1.1 million euros more than in previous quarter and 0.1 million euros more than in Q2 2024.

    Net income of Coop Pank in Q2 2025 was 19.5 million euros, increasing by 1% in a quarterly comparison and decreasing by 5% in an annual comparison. Operating expenses reached 10.1 million euros in Q2 – operating expenses increased by 6% in the quarterly comparison and remained unchanged in the annual comparison.

    In Q2 2025, net profit of Coop Pank was 6.6 million euros, which is 16% less than in the previous quarter and 17% less than a year ago. In Q2 2025, cost to income ratio of the bank was 52% and return on equity was 12.1%.

    As of 30 June 2025, Coop Pank has 34,700 shareholders.

    Heikko Mäe, Interim Chairman of the Management Board of Coop Pank, comments the results:

    “The Estonian economy as a whole has not yet picked up new growth momentum this year. However, interest rates are stabilizing, there are signs that economic headwinds are easing, and Coop Pank’s results show that the rapid growth of a domestic bank is continuing.

    On one hand, 5% inflation has reduced consumer confidence and directly affects the purchasing power of households. The rising unemployment rate, approaching 9%, is also a negative signal. On the other hand, there are positive signs in the industrial sector, where capacity utilization is increasing thanks to the recovery of export markets and lower interest costs.

    In this economic environment, Coop Pank achieved strong results in the second quarter: the bank grew its loan portfolio by a record 125 million euros and is growing nearly twice as fast as the market. The strongest growth came from business loans and home loans. We see that both the manufacturing and real estate sectors are actively investing. Among home loan applicants, there is particularly strong demand for construction loans, and many large-scale repair and renovation works are in progress across homes in Estonia, financed through home loans. While business volumes are growing quickly, the bank’s operating costs have remained the same as a year ago, and credit losses are still minimal. This demonstrates that Coop Pank is operating efficiently and responsibly.

    Since June, the bank has taken its cooperation with Coop retail to a new level by offering a new cashback solution to shared private customers. This is an important addition to the value proposition for joint customers and is part of the bank’s recently introduced account package upgrade.

    Our results confirm that a strong local bank can grow successfully with its customers even in a challenging economic environment. We continue to provide banking services and financing solutions across all of Estonia – for households seeking stability and for businesses looking for investment opportunities.

    Growth in business volumes, the high quality of the loan portfolio, cost control, and the decline in financing costs due to the interest rate environment and scale effects resulted in a strong net profit of 6.6 million euros for Coop Pank in the second quarter. The bank’s cost-to-income ratio was 52%, and return on equity was 12.1%.”

    Income statement, in th. of euros Q2 2025 Q1 2025 Q2 2024 6M 2025 6M 2024
    Net interest income 18 003 17 930 19 319 35 933 38 400
    Net fee and commission income 1 166 1 155 1 000 2 321 2 015
    Net other income 375 225 146 600 271
    Total net income 19 544 19 310 20 464 38 854 40 686
    Payroll expenses -5 917 -5 578 -5 858 -11 496 -11 267
    Marketing expenses -453 -358 -775 -811 -1 308
    Rental and office expenses, depr. of tangible assets -777 -807 -775 -1 584 -1 570
    IT expenses and depr. of intangible assets -1 724 -1 613 -1 474 -3 337 -2 879
    Other operating expenses -1 220 -1 162 -1 208 -2 382 -2 494
    Total operating expenses -10 091 -9 519 -10 091 -19 610 -19 518
    Net profit before impairment losses 9 453 9 791 10 374 19 244 21 168
    Impairment costs on financial assets -1 367 -226 -1 224 -1 594 -1 800
    Net profit before income tax 8 086 9 565 9 150 17 650 19 368
    Income tax expenses -1 437 -1 652 -1 152 -3 088 -2 232
    Net profit for the period 6 649 7 913 7 998 14 562 17 136
               
    Earnings per share, eur 0,06 0,08 0,08 0,14 0,17
    Diluted earnings per share, eur 0,06 0,08 0,08 0,14 0,16
    Statement of financial position, in th. of euros 30.06.2025 31.03.2025 31.12.2024 30.06.2024
    Cash and cash equivalents 356 473 564 441 343 678 335 710
    Debt securities 47 832 49 536 37 751 36 980
    Loans to customers 1 943 420 1 818 109 1 774 118 1 621 000
    Other assets 36 090 34 711 33 066 32 608
    Total assets 2 383 816 2 466 796 2 188 614 2 026 298
    Customer deposits and loans received 1 816 313 1 914 526 1 886 145 1 739 709
    Debt securities issued 253 537 250 250 0 0
    Other liabilities 30 645 19 096 27 683 28 121
    Subordinated debt 63 148 63 363 63 148 63 148
    Total liabilities 2 163 642 2 247 235 1 976 977 1 830 978
    Equity 220 174 219 561 211 637 195 320
    Total liabilities and equity 2 383 816 2 466 796 2 188 614 2 026 298

    The reports of Coop Pank are available at: https://www.cooppank.ee/en/reporting

    Coop Pank will organise a webinar on 18 July 2025 at 9:00 AM, to present the financial results of Q1 2025. For participation, please register in advance at: https://bit.ly/CP-veebiseminar-registreeru-18072025

    The webinar will be recorded and published on the company’s website www.cooppank.ee and on the YouTube channel.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The bank has 218,000 daily banking clients. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Paavo Truu
    CFO
    Phone: +372 516 0231
    E-mail: paavo.truu@cooppank.ee

    Attachments

    The MIL Network

  • MIL-OSI Analysis: Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated?

    Source: The Conversation – Global Perspectives – By Theresa Larkin, Associate Professor of Medical Sciences, University of Wollongong

    Anna Moneymaker/Staff/Getty

    US President Donald Trump has been diagnosed with “chronic venous insufficiency” after experiencing some mild swelling in his lower legs.

    According to a letter the White House published from the president’s doctor, the condition is common and not harmful, and the 79-year-old “remains in excellent health”.

    But what is chronic venous insufficiency? What causes it, and can it lead to other health problems? Let’s take a look.

    A disease of the veins

    Veins are the blood vessels that carry de-oxygenated blood from all parts of the body to the heart.

    Chronic venous insufficiency is a disease of the veins and mostly affects the legs.

    When someone has this condition, it becomes more difficult for the blood to flow back to the heart. In other words, blood pools in the legs, rather than travelling up easily through the legs, pelvis and abdomen to the heart.

    Blood pooling in the legs creates increased pressure in the veins in the legs and feet. This can cause swelling (called oedema), skin discolouration, varicose veins, and even skin ulcers (the skin stretches because of the increased pressure and becomes weak and can tear).

    What causes chronic venous insufficiency?

    There are several potential causes of chronic venous insufficiency, including damaged valves inside the veins in the legs.

    When we’re standing, blood has to flow back to the heart from the legs against gravity. Veins have valves inside them which ensure this one-way flow and stop blood from running back the wrong way.

    When valves in the veins – either the deeper veins or those closer to the skin’s surface – are damaged, this allows blood to flow backwards and pool in the legs.

    Damage to the inside lining of the vein wall can also cause chronic venous insufficiency. When the lining is damaged, it becomes less smooth and blood cells can stick to the wall and build up. This can block the inside of the vein and impede the return of blood to the heart. Smoking is a major cause of this, though it also happens naturally with age.

    Physical compression of a vein in the pelvis from the outside can also be a factor. Pregnancy, obesity or a tumour can push on a pelvic vein from the outside. This makes it harder for blood to flow through that vein, which causes back up of blood in the veins of the leg.

    Deep vein thrombosis (DVT) also increases the risk of chronic venous insufficiency. This is where blood clots form in the deep veins, most commonly in the legs. It can block blood flow or damage the vein wall, and increase blood pooling further down the leg.

    In a study I did with colleagues looking at people with chronic venous insufficiency, about 10% had a previous deep vein thrombosis. However, Trump’s doctor said there was no evidence of deep vein thrombosis in his case.

    Who gets it?

    The data on how many people get chronic venous insufficiency vary, but it is relatively common. In the United States, an estimated 10% to 35% of adults have the condition.

    A number of factors increase a person’s likelihood of developing chronic venous insufficiency. Smoking and having previously had a deep vein thrombosis are strongly linked to this condition. Other risk factors include older age, pregnancy, obesity, and prolonged periods of standing still.

    Is it dangerous?

    On its own, chronic venous insufficiency is not life-threatening, but it is a progressive condition. It increases the risk of other conditions which can be more serious.

    Interestingly, while deep vein thrombosis increases the risk of chronic venous insufficiency, people with chronic venous insufficiency also have a higher risk of deep vein thrombosis. This is because pooled blood doesn’t move as much, so it can start to form a clot.

    Deep vein thrombosis then increases the risk of pulmonary embolism, blood clots in the lungs, which are life threatening.

    In the legs, the most serious consequence of chronic venous insufficiency is developing a venous ulcer. Venous ulcers can be painful, are prone to infection (such as cellulitis), and have a high rate of recurring.

    Research has shown 4% of adults aged 65 and older in the US develop venous ulcers as a result of chronic venous insufficiency.

    Can it be treated?

    Whether and how chronic venous insufficiency can be treated depends somewhat on the cause.

    Initial conservative treatment usually involves elevating the legs and wearing compression stockings. Elevating the legs higher than the body means gravity will help blood flow back to the heart. Compression stockings help to push blood from the leg veins towards the heart.

    Exercise such as walking also helps because when the muscles in the legs contract, this moves more blood from the legs back to the heart. Exercise and diet changes may also be recommended to address any weight-related issues.

    In more progressive or severe cases, surgery may be needed to fix the inside of the veins, remove any underlying deep vein thrombosis, or insert a stent in the case of a vein compression.

    Overall, Trump has been diagnosed with a common condition for someone of his age, and his doctors have ruled out severe underlying disease. But this is a reminder of the importance of healthy veins and of the risk factors for venous disease.

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

    ref. Trump has ‘chronic venous insufficiency’. Is it dangerous? Can it be treated? – https://theconversation.com/trump-has-chronic-venous-insufficiency-is-it-dangerous-can-it-be-treated-261460

    MIL OSI Analysis

  • MIL-OSI USA: JOINT DEMOCRATIC LEADERSHIP STATEMENT ON THE RECKLESS REPUBLICAN RESCISSIONS PACKAGE

    Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

    Know Your Immigration Rights

    If you or a loved one encounter immigration enforcement officials, it is essential that you know your rights and have prepared your household for all possible outcomes.

    Ask for a warrant: The Fourth Amendment of the Constitution protects you from unreasonable search and seizure. You do not have to open your door until you see a valid warrant to enter your home or search your belongings.

    Your right to remain silent: The Fifth Amendment protects your right to remain silent and not incriminate yourself. You are not required to share any personal information such as your place of birth, immigration status or criminal history.

    Always consult an attorney: You have a right to speak with an attorney. You do not have to sign anything or hand officials any documents without speaking to an attorney. Try to identify and consult one in advance.

    The New York City Office of Civil Justice and the Mayor’s Office of Immigrant Affairs (MOIA) support a variety of free immigration legal services through local nonprofit legal organizations. To access these resources, dial 311 and say “Action NYC,” call the MOIA Immigration Legal Support Hotline at 800-354-0365 Monday through Friday from 9:00 a.m. to 6:00 p.m. or visit MOIA’s website.

    Learn more here: KNOW YOUR IMMIGRATION RIGHTS  – Congressman Hakeem Jeffries

    MIL OSI USA News

  • MIL-OSI USA: Senator Markey Introduces Legislation to Support Recruitment and Retention of Paraeducators in Schools

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Bill Text (PDF)
    Washington (July 17, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Health, Education, Labor, and Pensions Committee, today reintroduced the Preparing and Retaining All (PARA) Educators Act, legislation that would establish higher wages, career pipelines, and professional development opportunities for school paraeducators. More than 1.2 million paraeducators across the country provide classroom management support to teachers, assist students with disabilities, and facilitate individual and small group learning.
    “As the Trump administration continues its relentless attack on education, it is more important than ever that we ensure paraprofessionals receive the support, compensation, and professional development opportunities they deserve,” said Senator Markey. “Instructional assistants, teachers’ aides, special education aides, and other educators keep our schools running and students thriving—often with little recognition and low pay. My PARA Educators Act will invest in these educators what they invest in our students, our communities, and our future.”
    “From special education aides and classroom assistants to English language learning specialists and other support staff, paraeducators are the unsung heroes of our public schools, helping students overcome challenges and reach their potential,” said AFSCME President Lee Saunders. “These hardworking professionals – including thousands of AFSCME members – deserve wages and benefits that match the important contributions they make to teaching and learning every single day. We applaud Senator Markey for sponsoring the PARA Educators Act, which will help more schools – especially in high-need and rural districts – recruit and retain the paraeducators they need to support student success in the classroom and beyond.”
    “Students of every color, background and ZIP code deserve qualified and caring educators who are dedicated and have the resources to uncover the passions and potential of every child. Education Support Professionals are essential to supporting students and ensuing we have strong schools and communities across the country. They play a critical role in the lives of students and help keep our schools running and our students safe, healthy, and ready to learn every day,” said Kimberly Johnson Trinca, Director of Government Relations, National Education Association. “The Preparing and Retaining All Educators (PARA) Act will help schools deal with an educator shortage that has been decades in the making. This bill will help schools across the country recruit and retain diverse, qualified and experienced paraeducators in our schools to support our students. This is more important than ever as the Trump Administration continues to take a wrecking ball to public education and the futures of the 50 million students in rural, suburban, and urban communities across America. NEA is pleased to support this legislation, and we applaud Senator Markey for his continued leadership on issues so important to education support professionals.”
    Low wages and a lack of training and professional development opportunities contribute to high rates of turnover and position vacancies among paraeducators, particularly in high-poverty school districts. The PARA Educators Act would support the recruitment and retention of paraeducators by funding state and school level initiatives to improve wages, working conditions, and professional development and credentialing programs for paraprofessionals working in public schools.
    Specifically, the PARA Educators Act would:
    Establish a grant program within the Department of Education to support state and district efforts to recruit and retain paraprofessionals.
    Prioritize high-need rural and urban areas to ensure grant funding is distributed equitably.
    Provide paraprofessionals with access to high-quality professional development programs that will advance in their careers and benefit their students.
    The bill is cosponsored by Senators Kirsten Gillibrand (D-N.Y.), Cory Booker (D-N.J.), Richard Blumenthal (D-Conn.), Elizabeth Warren (D-Mass.), Ron Wyden (D-Ore.), Alex Padilla (D-Calif), and Sheldon Whitehouse (D-R.I.).
    The bill is endorsed by the National Education Association, AFT, the Advocacy Institute, CommunicationFIRST, Council for Exceptional Children, National Rural Education Association, National Center for Learning Disabilities, AFSCME, The Arc.
    In April 2025, Senator Markey reintroduced the Paraprofessionals and Education Support Staff Bill of Rights alongside Rep. Jahanna Hayes (D-CT-05), which would establish livable wages, benefits, and dignified working conditions for paraeducators and other essential school support staff. In February 2025, Senator Markey introduced the No Cuts to Public Schools Act, which would block all federal funding cuts to critical education programs serving students with disabilities, English learners, low-income students, and rural students through fiscal year 2027.

    MIL OSI USA News

  • MIL-OSI NGOs: No More Compromise: Groups Push Australia to Finalise Strong and Binding Global Plastics Treaty

    Source: Greenpeace Statement –

    Today, 31 First Nations and environmental groups call on the Australian Government to continue pushing for a robust and ambitious Global Plastics Treaty ahead of negotiations recommencing in Geneva this August. 

    The only way to end ocean plastic pollution here at home and around the world is through bold and binding global action to cut plastic production and consumption, and take a full lifecycle approach to managing plastics – including plastic fishing and aquaculture gear. 

    Plastic pollution is now a global environmental disaster that impacts every corner of Australia’s coastline: 

    Recycling alone will not end plastic pollution. Voluntary pledges have failed. The only path forward is a strong and robust Global Plastics Treaty with ambitious and enforceable rules to end plastic pollution.

    Low ambition from a handful of countries with vested interests in plastic production cannot be allowed to derail this global opportunity to end plastic pollution. There is no time for compromise. Plastic pollution is choking our oceans, killing marine life, and threatening ecosystems from coast to coast. It is also entering our food chain, directly impacting seafood consumption by First Nations peoples and all Australians.

    We welcome the Australian Government’s renewed commitment to support a strong Global Plastics Treaty. The Australian Government must use all diplomatic means to finalise a strong, legally binding plastics treaty at INC-5.2. Now is the time to act – for our environment, for our climate, and for future generations.

    This statement is supported by:

    1. Australian Marine Conservation Society
    2. Dhimurru Aboriginal Corporation
    3. Vonda Malone Consultancy
    4. Boomerang Alliance
    5. OceanEarth Foundation
    6. Sea Shepherd
    7. Australian Microplastic Assessment Project (AUSMAP) 
    8. Total Environment Centre
    9. Plastic Collective
    10. No More Butts
    11. BeachPatrol 3280-3284
    12. Youth Plastic Action Network
    13. Take 3 for the Sea
    14. Ocean Impact Organisation 
    15. Australian Seabird and Turtle Rescue
    16. Clean Up Australia
    17. Adrift Lab
    18. Toys for Turtles, The University of Adelaide
    19. No Balloon Release Australia
    20. Plastic Free Foundation
    21. Ocean Conservancy
    22. Global Ghost Gear Initiative
    23. Tangaroa Blue Foundation
    24. Surfers for Climate
    25. Friends of the Earth Melbourne 
    26. Greenpeace Australia Pacific
    27. Marine Wildlife Rescue – Central Coast
    28. Surfrider Foundation Australia
    29. WWF-Australia
    30. Keep Top End Coasts Healthy
    31. Protect Ningaloo

    MIL OSI NGO

  • MIL-OSI USA: Case Opposes Housing And Transportation, Energy And Water Funding Measures That Fail To Support Americans Facing Rising Housing, Energy And Transportation Costs

    Source: United States House of Representatives – Congressman Ed Case (Hawai‘i – District 1)

    (Washington, DC) – U.S. Congressman Ed Case (HI-01), a member of the House Appropriations Committee, today voted in full Committee against the proposed Fiscal Year (FY) 2026 Transportation-Housing and Urban Development (HUD) Appropriations and FY 2026 Energy and Water Appropriations measures.

    The FY 2026 housing and transportation bill proposes to spend $89.9 billion for HUD, the United States Interagency Council on Homelessness and the Department of Transportation, including the Federal Aviation Administration (FAA). This is a decrease of $4.5 billion from the FY 2025 enacted level.

    The $57.3 billion Energy and Water Appropriations bill funds the Department of Energy (DOE), the U.S. Army Corps of Engineers’ (USACE) civil works programs and various energy programs. This is a decrease of nearly $776 million from the FY 2025 enacted level.

    “While these measures fund many critical Hawai‘i priorities I requested, I regrettably had to vote against both bills because of massive cuts to federal program that help everyday Americans with rising housing, transportation and energy costs,” explained Case.

    The Transportation-HUD Appropriations bill included some important wins for Hawai‘i requested by Case including $5.5 million for Case’s Community Funding Projects (described below), as well as $18.3 million for the Native Hawaiian Housing Block Grant and $28 million for the Native Hawaiian Housing Loan Guarantee Fund (for both of which programs the President’s budget has proposed $0). It also included Case’s request to continue funding for the National Transportation Safety Board (NTSB), which plays a crucial role in enhancing the safety of the helicopter and small aircraft industry through accident investigation, analysis and recommendations to prevent future incidents, including several fatal accidents throughout Hawai‘i.

    Despite these positives, Case said the bill poses significant risks to vulnerable communities by exacerbating the cost-of-living crisis and undercutting critical housing support systems. The bill eliminates the HOME Investment Partnerships Program, the only federal program dedicated to developing new affordable rental and homeownership options. It also defunds the PRO Housing Program, which empowers local governments to address housing shortages. Together, these actions remove essential tools for expanding the affordable housing supply.

    The bill further harms Americans aspiring to homeownership by stripping funding from housing counseling assistance. The net effect of the bill threatens nearly 415,000 households that rely on HUD assistance, putting them at risk of eviction and housing instability.

    The Energy and Water Appropriations bill also included numerous wins for Hawai‘i requested by Case, including funding for USACE programs that aid in the preservation of Hawaii’s coastlines across all seven inhabited islands. Specifically, the bill includes $2 million to study avenues of protection for public infrastructure on small beaches from erosion and damage caused by storms and natural wave currents; $18 million for regional sediment management, construction, operations and regulatory functions in the coastal zone; and $38 million for programs which manage aquatic weeds in public waters.

    Notably, one of Case’s highest priorities, an instruction to the USACE to complete a major update study for Honolulu Harbor, was included in the bill. This provision directs the USACE to investigate modifications to Honolulu Harbor to better handle the impacts of military operations in the state and throughout the Indo-Pacific as a whole, which can open up additional federal resources for the planned improvements of Honolulu Harbor. Also included in the bill is $9.5 million for USACE program that aids in the planning, designing and construction of small projects for commercial navigation purposes such as channels, breakwaters and jetties. This funding will aid in the investigation of best practices for Honolulu Harbor modifications.

    Despite these positives, Case opposed the measure in light of the widespread elimination of funding to advance clean, affordable and secure energy for Americans. The bill slashes vital clean energy funding nationwide, with Hawai‘i set to experience a cut of 31% on federal funding for clean energy projects and investments.

    “While the Energy and Water Appropriations measures fund many critical Hawai‘i and priorities I requested, regrettably the bill will increase energy costs for American families by revoking more than $5 billion in clean energy investments.

    “Without these federally funded programs and incentives, we risk falling dangerously behind our clean energy goals,” said Case. 

    Through his assignment on the Committee, Case secured the following seven Member-designated Community Project Funding (CPF) projects across the two bills that specifically focused on local needs in Hawai‘i:

    ·      $2 million for the Hawai‘i Department of Transportation to repair Aloha Tower, including replacing its 40-foot mast, repairing the crown of the tower and replacing its windows to weatherproof the landmark. This funding is essential to maintain Aloha Tower’s structural integrity, enhance public access and ensure that it remains a celebrated symbol of Honolulu’s history for generations to come.

    ·      $1 million for the City and County of Honolulu for its Waikīkī Vista Project. This project converts former Tokai University and Hawai‘i Pacific University classrooms into a consolidated, family-friendly emergency shelter and additional affordable housing units for low-income families. This investment will directly enhance the City’s ability to reduce family homelessness and expand affordable housing inventory in one of Hawaii’s most housing-challenged areas.

    ·      $850,000 for the City and County of Honolulu to support its Safe Harbor Support for Housing Survivors of Domestic Violence project. This funding will expand the Domestic Violence Action Center’s successful housing program by supporting property acquisition and staffing to increase safe and stable housing options for survivors and their children.

    ·      $850,000 for Kalihi Waena Elementary School to construct a new single-span pedestrian bridge with American with Disabilities Act-compliant access between Kūhiō Park Terrace and the school. The new bridge will replace dangerously deteriorating infrastructure and ensure safe and equitable access for students and community members.

    ·      $300,000 for Highlands Intermediate School to modernize and expand its media center infrastructure. The renovation will create a collaborative, technology-driven learning environment that fosters student creativity, innovation and digital literacy.

    ·      $250,000 for the Hawai‘i State Parks System and Hawai‘i Nature Center to upgrade educational and operational facilities, including classroom expansion and replacement of a sustainable wetland wastewater system supporting environmental education for thousands of Title I students annually.

    ·      $250,000 for the Hawai‘i State Broadband Office for broadband infrastructure development in our local community centers. Funding will be used toward essential network enhancements, including rewiring, electrical system upgrades and the installation of Wi-Fi access points to ensure reliable, high-speed connectivity.

    The House’s CPF rules require that each project must have demonstrated community support, must be fully disclosed by the requesting Member and must be subject to audit by the independent Government Accountability Office. Case’s disclosures are here: https://case.house.gov/services/funding-disclosures.htm.  


    Transportation-HUD Funding Bill

    More specifically, the bill includes the following funding requested by Case for programs to improve access to affordable housing in Hawai‘i and nationwide:

    ·      $18.3 million for the Native Hawaiian Housing Block Grant Program, which supports the building, acquisition and rehabilitation of affordable homes.

    ·      $5 million for core housing research partnerships with Native Hawaiian serving institutions among other minority serving institutions.

    ·      $56 million for the Self-Help and Assisted Homeownership Opportunity Program.

    ·      $17 billion for project-based rental assistance.

    ·      $5.6 billion for the Community Development Fund, which includes $3.3 billion for the Community Development Block Grant formula program.

    ·      $4 billion for the Homeless Assistance Grants.

    Transportation and infrastructure programs requested and secured by Case include:

    ·      $380 million for the Maritime Security Program, $123 million for the Port Infrastructure Development Program and $30 million for assistance to small shipyards like Kalaeloa/Barbers Point.

    ·      $64 billion for the Federal Highway Administration to improve the safety and long-term viability of our highways.

    ·      $23 billion for the FAA, including $10 billion to fully fund air traffic control operations and allow the FAA to hire 2,500 air traffic controllers to replace the retiring workforce.

    ·      $15 billion for the Federal Transit Administration.

    A summary of the Transportation-HUD Appropriations bill is available here.

    Energy and Water Funding Bill

    More specifically, the bill includes the following energy and water-related programs and provisions requested and secured by Case and of specific benefit to Hawai‘i: 

    ·      Language directing the USACE to investigate modifications to Honolulu Harbor to better accommodate the impacts of military operations in the state and throughout the Indo-Pacific as a whole.

    ·      $2 million for the USACE’s beach erosion and hurricane and storm damage reduction activities.

    ·      $40 million for flood control and coastal emergencies efforts.

    ·      $18 million for the USACE’s National Coastal Mapping Program, which provides high-resolution elevation and imagery data along the U.S. shorelines on a recurring basis which can provide a better understanding of human uses, issues and constraints in coastal regions.

    ·      $12 million for the USACE’s Aquatic Plant Control Program, which conducts research and development of biological, chemical, cultural and ecological capabilities for controlling invasive aquatic plants.

    ·      Language modifying a clean energy program under DOE that has been widely beneficial for Hawai‘i. The newly named Energy Technology Innovation Office, previously known as the Energy Transitions Initiative, supports island and remote communities by providing personalized technical and financial assistance. Case recently introduced legislation make to make this program permanent. (See here for more details.)

    ·      Language directing the DOE to investigate potential benefits of having small-modular nuclear reactors as a source of clean, domestically sourced electricity for remote, noncontiguous U.S. areas such as Hawai‘i.

    A summary of the Energy and Water Appropriations bill is available here

    These two bills are the 6th and 7th of twelve separate bills developed and approved by the Appropriations Committee that would fund the federal government at some $1.6 trillion for FY 2026 commencing October 1st of this year. The bills now move on to the full House of Representatives for its consideration.   

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    MIL OSI USA News

  • MIL-OSI: FACT CHECK: Frequency Holdings YCRM Issues Clarification On Procedural Judgment; No Liability to Company, Litigation Exposure Remains for Luciano Aguayo

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 17, 2025 (GLOBE NEWSWIRE) — Frequency Holdings Inc. (OTC: YCRM), a Nevada public company, issues this clarification following a press release distributed on July 17, 2025, by Luciano Aguayo, defendant in the original and now-defunct lawsuit brought by ReachOut Technology Corp., a former subsidiary of YCRM.

     The judgment referenced in the release has no financial or legal impact on YCRM. The company retains full ownership and operation of reacquired assets, including customer contracts and intellectual property.

    YCRM is Not Liable — But the Claims Against Aguayo Remain Alive

    The judgment does not affect YCRM. Claims originally brought against Mr. Aguayo, estimated during mediation at over $9 million, were dismissed without prejudice and remain enforceable. These may be reasserted at any time by the current rights holder. The new owner of ReachOut Technology Corp. may pursue these claims at any time.

    Court Judgment Was Procedural — Not a “Vindication”

    Contrary to the implication of Mr. Aguayo’s release, the default judgment was issued due solely to ReachOut Technology Corp.’s lack of legal representation following its sale. No discovery had begun, depositions given, or evidence presented at the time of judgement. The court’s judgment was procedural, as stated in official hearing minutes, it had nothing to do with the facts or truth of the case. It happened because the previous subsidiary had no lawyer at the time.

    Aguayo’s Allegations About Contradict Court Records

    Court documents confirm that Attorney Matt Nirider left his law firm (Nelson Mullins) for an in-house role. The motion to withdraw explicitly states: “Following Attorney Nirider’s departure, ReachOut and Jordan desire to retain new counsel.” The firm’s withdrawal was based solely on attorney movement and client choice, not adverse facts.

    Misleading Affidavit Falsely Cited As “Testimony” – Former Employee Was Fired for Cause

    The misleading statement referenced as “under oath in federal court” was not court testimony at all but an affidavit from a former employee terminated for job abandonment, underperformance, and later found to have a conflict of interest for undisclosed side business activity. She was not subject to cross-examination and faces credibility challenges in any proceedings.

    Customer Contracts Were Reacquired and Remain Active

    In April 2025, YCRM publicly disclosed its reacquisition of customer contracts, intellectual property, and operational assets of the original ReachOut Technology Co. These are now under a new, fully operational subsidiary. This deal is wholly unrelated to the dismissed lawsuit and affirms YCRM’s continuity and commercial strength.

    Rick Jordan, CEO of Frequency Holdings, stated: “We’re not going to let misinformation distract from the reality we’ve built. Our clients stayed. Our business is stronger than ever. And anyone trying to rewrite history for their own PR stunt should be careful what they invite.

    YCRM reserves all rights. All legal remedies remain available and active. Any future litigation against Aguayo, whether civil or criminal in nature, remains entirely within the discretion of the asset holder.

    This statement is provided solely for the benefit of shareholders, regulators, and stakeholders, and does not constitute an admission, denial, or waiver of any legal right or position.

    PR Contact:
    Cheryl Conner
    SnappConner PR
    801-806-0150
    info@SnappConner.com
    PR@frequencyhold.com

    The MIL Network

  • PM Modi to visit Bihar, West Bengal today, unveil development projects worth over Rs 12,000 crore

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is set to visit Bihar and West Bengal today (Friday), where he will launch a range of developmental projects worth over Rs 12,000 crore. After giving a major thrust to infrastructure development in both states, PM Modi will also address public gatherings in Motihari in Bihar and Durgapur in West Bengal.

    The projects, amounting to over Rs 7,200 crore for Bihar and over Rs 5,000 crore for Bengal, aim to elevate the region’s connectivity and overall infrastructural growth, while boosting employment, rural livelihoods and digital innovation.

    In Motihari, PM Modi will inaugurate and lay foundation stones for projects across rail, road, IT, fisheries and rural development sectors. He will flag off four Amrit Bharat Express trains connecting Patna, Motihari, Darbhanga and Malda Town to major northern cities including Delhi and Lucknow.

    Key railway projects in Bihar include the inauguration of automatic signalling on the Samastipur-Bachhwara line and the doubling of Darbhanga-Thalwara and Samastipur-Rambhadrapur sections worth Rs 580 crore.

    The Prime Minister will also lay the foundation stone for rail infrastructure projects including a Vande Bharat maintenance facility at Patliputra and doubling of the Darbhanga-Narkatiaganj line, amounting to Rs 4,080 crore.

    In road infrastructure, PM Modi will launch the four-laning of the Ara bypass and Parariya-Mohania section of NH-319 with a combined investment of Rs 820 crore, improving access to the Delhi-Kolkata Golden Quadrilateral.

    To foster Bihar’s digital economy, the Prime Minister will inaugurate a Software Technology Parks of India (STPI) facility in Darbhanga and an incubation centre in Patna, boosting start-ups and IT/ITES exports.

    Under the PM Matsya Sampada Yojana, he will launch new fisheries infrastructure including hatcheries, aquaculture units and fish feed mills.

    PM Modi will lay the foundation stone for Bharat Petroleum Corp. Ltd (BPCL) City Gas Distribution (CGD) project in Bankura and Purulia districts of West Bengal, worth around Rs 1,950 crore to give a boost to Oil and Gas infrastructure in the region. It will provide PNG connections to households, commercial establishments and industrial customers and provide CNG at the retail outlets.

    PM Modi will also dedicate to the nation the Durgapur to Kolkata section (132 Km) of Durgapur-Haldia Natural Gas Pipeline and Bokaro-Dhamra Pipeline, also known as Pradhan Mantri Urja Ganga (PMUG) Project. (IANS)