Category: Technology

  • Indian markets open cautiously higher amid Trump tariff concerns; IT and banking stocks lead gains

    Source: Government of India

    Source: Government of India (4)

    Indian stock markets opened on a cautious note on Tuesday as investors weighed fresh tariff measures announced by US President Donald Trump. While concerns lingered, traders appeared to adopt a “wait and watch” approach, looking for more clarity on the evolving situation.

    Around 9:30 am, the Sensex was trading 91.57 points, or 0.11 per cent higher, at 83,534.07, while the Nifty 50 rose 22.25 points, or 0.09 per cent, to 25,483.55.

    Buying interest was seen in IT, PSU banks and financial services stocks. Analysts noted that while the US announced unilateral tariffs on 14 countries, India’s exclusion from the list has fuelled expectations of an imminent trade agreement between India and the US.

    “This has already been largely priced in by the market. The focus now shifts to the details, especially any sector-specific tariffs that could impact segments like pharmaceuticals. The market’s reaction will hinge on these finer points,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the previous session, the Nifty had ended marginally higher, forming a green candlestick that followed a bullish hammer pattern — a positive technical signal, according to market watchers.

    “A sustained move above 25,500 could open the door for a further rally towards 25,750. On the downside, immediate support levels are seen at 25,222 and 25,120, which could act as fresh entry points for long positions,” said Mandar Bhojane, Technical Analyst at Choice Broking.

    In early trade, the Nifty Bank index climbed 203 points, or 0.36 per cent, to 57,152.20. The Nifty Midcap 100 index was up 91 points, or 0.15 per cent, at 59,606.75, while the Nifty Smallcap 100 gained 85.70 points, or 0.45 per cent, to reach 19,035.85.

    Within the Sensex pack, Kotak Mahindra Bank, Eternal, Tata Motors, BEL, Adani Ports, NTPC, Asian Paints and UltraTech Cement were among the top gainers. On the flip side, Titan, HCL Tech, Bharti Airtel, M&M and Sun Pharma were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) bought equities worth Rs 321.16 crore on July 7, while domestic institutional investors (DIIs) purchased shares worth Rs 1,853.39 crore on the same day, reflecting continued domestic support.

    In broader Asian markets, Seoul, Hong Kong, Japan, China and Jakarta were trading in positive territory, while Bangkok was the only key market in the region trading lower.

    Overnight in the US, the Dow Jones Industrial Average closed 422.17 points, or 0.94 per cent lower, at 44,406.36. The S&P 500 lost 49.37 points, or 0.79 per cent, to settle at 6,229.98, and the Nasdaq dropped 188.59 points, or 0.92 per cent, ending at 20,412.52.

    (ANI)

  • MIL-Evening Report: What makes a good AI prompt? Here are 4 expert tips

    Source: The Conversation (Au and NZ) – By Sandra Peter, Director of Sydney Executive Plus, Business School, University of Sydney

    FOTOSPLASH/Shutterstock

    “And do you work well with AI?”

    As tools such as ChatGPT, Copilot and other generative artificial intelligence (AI) systems become part of everyday workflows, more companies are looking for employees who can answer “yes” to this question. In other words, people who can prompt effectively, think with AI, and use it to boost productivity.

    In fact, in a growing number of roles, being “AI fluent” is quickly becoming as important as being proficient in office software once was.

    But we’ve all had that moment when we’ve asked an AI chatbot a question and received what feels like the most generic, surface level answer. The problem isn’t the AI – you just haven’t given it enough to work with.

    Think of it this way. During training, the AI will have “read” virtually everything on the internet. But because it makes predictions, it will give you the most probable, most common response. Without specific guidance, it’s like walking into a restaurant and asking for something good. You’ll likely get the chicken.

    Your solution lies in understanding that AI systems excel at adapting to context, but you have to provide it. So how exactly do you do that?

    Crafting better prompts

    You may have heard the term “prompt engineering”. It might sound like you need to design some kind of technical script to get results.

    But today’s chatbots are great at human conversation. The format of your prompt is not that important. The content is.

    To get the most out of your AI conversations, it’s important that you convey a few basics about what you want, and how you want it. Our approach follows the acronym CATS – context, angle, task and style.

    Context means providing the setting and background information the AI needs. Instead of asking “How do I write a proposal?” try “I’m a nonprofit director writing a grant proposal to a foundation that funds environmental education programs for urban schools”. Upload relevant documents, explain your constraints, and describe your specific situation.

    Angle (or attitude) leverages AI’s strength in role-playing and perspective-taking. Rather than getting a neutral response, specify the attitude you want. For example, “Act as a critical peer reviewer and identify weaknesses in my argument” or “Take the perspective of a supportive mentor helping me improve this draft”.

    Task is specifically about what you actually want the AI to do. “Help me with my presentation” is vague. But “Give me three ways to make my opening slide more engaging for an audience of small business owners” is actionable.

    Style harnesses AI’s ability to adapt to different formats and audiences. Specify whether you want a formal report, a casual email, bullet points for executives, or an explanation suitable for teenagers. Tell the AI what voice you want to use – for example, a formal academic style, technical, engaging or conversational.

    In a growing number of roles, being able to use AI is quickly becoming as important as being proficient in office software once was.
    Shutterstock

    Context is everything

    Besides crafting a clear, effective prompt, you can also focus on managing the surrounding information – that is to say on “context engineering”. Context engineering refers to everything that surrounds the prompt.

    That means thinking about the environment and information the AI has access to: its memory function, instructions leading up to the task, prior conversation history, documents you upload, or examples of what good output looks like.

    You should think about prompting as a conversation. If you’re not happy with the first response, push for more, ask for changes, or provide more clarifying information.

    Don’t expect the AI to give a ready-made response. Instead, use it to trigger your own thinking. If you feel the AI has produced a lot of good material but you get stuck, copy the best parts into a fresh session and ask it to summarise and continue from there.

    Keeping your wits

    A word of caution though. Don’t get seduced by the human-like conversation abilities of these chatbots.

    Always retain your professional distance and remind yourself that you are the only thinking part in this relationship. And always make sure to check the accuracy of anything an AI produces – errors are increasingly common.

    AI systems are remarkably capable, but they need you – and human intelligence – to bridge the gap between their vast generic knowledge and your particular situation. Give them enough context to work with, and they might surprise you with how helpful they can be.

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

    ref. What makes a good AI prompt? Here are 4 expert tips – https://theconversation.com/what-makes-a-good-ai-prompt-here-are-4-expert-tips-260502

    MIL OSI AnalysisEveningReport.nz

  • Markets open in green; Kotak Mahindra, Tata Motors lead Sensex gainers

    Source: Government of India

    Source: Government of India (4)

    The domestic benchmark indices were trading slightly higher on Tuesday morning, tracking cautious optimism among investors.

    At around 9:30 am, the Sensex was up 91.57 points, or 0.11 per cent, at 83,534.07, while the Nifty rose 22.25 points, or 0.09 per cent, to trade at 25,483.55.

    “This has already been largely factored in by the market; the unknown element is the possibility of fresh sectoral tariffs on segments like pharmaceuticals. The market’s reaction will depend on the details,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

    In the previous session, the Nifty closed marginally higher, forming a green candlestick that confirmed a bullish hammer pattern from the session before, according to analysts.

    “A sustained move above 25,500 could trigger a further rally towards 25,750. On the downside, immediate support is seen at 25,222 and 25,120, which may act as entry points for fresh long positions,” said Mandar Bhojane, Technical Analyst at Choice Broking.

    Nifty Bank advanced 203 points, or 0.36 per cent, to 57,152.20 in early trade. The Nifty Midcap 100 was up 91 points, or 0.15 per cent, at 59,606.75, while the Nifty Smallcap 100 gained 85.70 points, or 0.45 per cent, to trade at 19,035.85.

    In the Sensex pack, Kotak Mahindra Bank, Eternal, Tata Motors, BEL, Adani Ports, NTPC, Asian Paints and UltraTech Cement were among the top gainers. Meanwhile, Titan, HCL Tech, Bharti Airtel, M&M and Sun Pharma were trading in the red.

    On the institutional front, foreign institutional investors (FIIs) bought equities worth Rs 321.16 crore on July 7, while domestic institutional investors (DIIs) purchased shares worth Rs 1,853.39 crore.

    In Asia, markets in Seoul, Hong Kong, Japan, China and Jakarta were trading in positive territory, while Bangkok was the lone index trading in the red.

    Overnight, the Dow Jones Industrial Average in the US closed at 44,406.36, down 422.17 points, or 0.94 per cent. The S&P 500 lost 49.37 points, or 0.79 per cent, to end at 6,229.98, while the Nasdaq slipped 188.59 points, or 0.92 per cent, to settle at 20,412.52.

    -ians

  • MIL-OSI Banking: Calling All Samsung Fans: Visit the Galaxy Experience Space in NYC

    Source: Samsung

    Samsung Electronics America today announced it will host a range of exciting interactive experiences throughout NYC to showcase how Galaxy AI and the latest Galaxy devices are designed to seamlessly fit into your life.
    Summer is for enjoying your favorite activities, and Galaxy Experience Spaces are here to show you what can unfold with our newest features, including the latest Galaxy AI enhancements. When visitors enter the space, they will be welcomed into a fun and unique atmosphere, where they can learn all about our innovations. So, if you want to capture stunning photos, try out a new feature, or learn how to reach your wellness goals, our Galaxy Experience Space is packed with exciting opportunities for everyone.
    We’ve designed the space to provide an immersive experience where technology and culture intersect and take over the city through creative design elements that make you feel like you’re in vibrant communities of photographers, skateboarders, and runners.
    Guests even have the chance to receive a range of Galaxy devices and other fun items with special giveaways.

    Galaxy Experience Space
    Visit the Galaxy Experience Space at 500 Broadway from July 9-August 9. Stop by to learn more about our groundbreaking devices and enjoy a range of events:

    Daily Galaxy Workshops – Six daily sessions, from 12 p.m. to 5 p.m., showcasing how features can fit into your everyday life.
    Local Community Events– Engaging cultural programs and events related to gaming, running, photography, and skateboarding — including a running club event on Thursday, July 10.
    Influencer Meet & Greets– Exciting list of influencers will stop by Galaxy Experience Space for a meet and greet. Including recording artist Mark Tuan on Wednesday, July 9.

    The NYC Galaxy Experience Space’s operating hours are Monday through Saturday 10 a.m. to 8 p.m. and Sunday 11 a.m. to 8 p.m.

    Galaxy Hangouts
    In addition, Galaxy Hangouts will be popping up at iconic locations throughout NYC where visitors can explore a range of product features — from the latest Galaxy AI experiences to our powerful photography tools.
    Galaxy Hangouts pop up locations include:

    Flat Iron Plaza (July 9-12 & July 23-25)
    Union Square Plaza (July 9-August 2)
    Chelsea Plaza (July 9-12)
    Astor Place (July 9-12)
    Gansevoort Plaza (July 16-19)
    Hudson Yards (July 30-August 2).

    All events are free and open to the public. Follow @SamsungMobileUS on X and @SamsungMobileUSA on Instagram for more information.
    To learn about all the latest devices and experiences, tune in live to Galaxy Unpacked on July 9 at 10 a.m. ET and visit Samsung.com before the event to learn more about Reserve offers — including how you can earn a $50 Samsung Credit towards the latest Galaxy device.1

    1 For a limited time, reserve the latest Galaxy device(s) on Samsung.com or in the Shop Samsung App and receive a $50 Samsung Credit (“Reservation Gift”) when you pre-order and purchase the reserved device. Pre-order and purchase required. The Reservation Gift cannot be applied to the pre-ordered device(s) and must be used at the time of pre-order purchase towards purchasing additional eligible products (select Buds, Watches, Tablets, or Galaxy Ring) on Samsung.com, or in the Shop Samsung App. Reservation Gift will be applied automatically when you use the same email address during Reserve and Pre-Order Periods. Reservation Gift is a one-time use e-certificate; when first used, any value not used is lost and must be used at the time of purchase. The Gift is non-transferable and limited to 1 per Qualifying Purchase. If you return or cancel your purchase, the discount will be forfeit. Qualifying products and offer details will be available on 7/9/25 on samsung.com.

    MIL OSI Global Banks

  • MIL-OSI Banking: The Story Behind Samsung Color E-Paper: The Digital Signage Solution That Displays 2.5 Million Colors Without Continuous Power

    Source: Samsung

    From menu boards and discount offers to promotional advertisements, digital signage has become an essential medium for delivering information in retail spaces. Now, a new display has emerged — one that can show images without a continuous power supply.
    On June 8, Samsung Electronics launched the 32-inch Color E-Paper — an ultra-low-power digital signage solution capable of delivering rich, high-quality visuals.
    Behind this innovative product lies Samsung’s proprietary Color Imaging Algorithm technology, developed through close collaboration between the Visual Display (VD) Business and Samsung Research at Samsung Electronics.
    Samsung Newsroom spoke with two key figures behind its development — Daewoong Cho from the VD Business and Iljun Ahn from Samsung Research — to learn more about the creation of Color E-Paper.
    ▲ (From left) Iljun Ahn from Samsung Research and Daewoong Cho from the VD Business
    Paradigm Shift: Ultra-Slim, Ultra-Light and Ultra Low-Power
    The Color E-Paper sets a new benchmark for digital signage — redefining hardware, operational methods and content expressiveness.
    The globally released EM32DX model (32-inch) sports an ultra-slim profile, measuring just 8.6 millimeters at its thinnest point, and boasts a lightweight structure, weighing only 2.5 kilograms with the battery.
    ▲ Daewoong Cho from the VD Business
    “We designed the device to be ultra-slim and ultra-light so that it can be installed easily, even in tight spaces,” said Cho, who led Color E-Paper’s hardware development. “This versatility means it can serve as a menu board at a café entrance or be mounted on a wall to function as a seasonal, emotionally resonant interior display.”
    One of the biggest advantages of the Color E-Paper is its ultra-low power consumption, as it draws 0.00W1 while displaying a static image. This allows content to remain visible for extended periods on battery power alone, significantly reducing energy usage in retail environments. Changing the display image requires only a minimal amount of power as well. In addition, as part of Samsung’s commitment to sustainability, the product incorporates recycled plastics in its exterior and comes in eco-friendly packaging.
    ▲ Content for the Color E-Paper can be easily created, replaced and managed through the Samsung VXT platform.
    ▲ Samsung VXT enhances the Color E-Paper experience with content visibility optimization, a preview function that ensures color accuracy before deployment, and other convenient features.
    A Display That Runs Without a Continuous Power Supply
    The secret behind the Color E-Paper’s ultra-low power consumption is its distinctive method of displaying images.
    ▲ Iljun Ahn from Samsung Research
    “While conventional LCD signage uses a backlight to illuminate images, the Color E-Paper arranges six colors of digital ink in precise locations — just like printing on paper,” said Ahn, who participated in developing the product’s image enhancement technology. “This is also what gives the display its eye-friendly visual texture.”
    The display consists of millions of microcups, each containing four colored ink particles (red, yellow, white and blue). When an electrical signal is applied to each cup, the designated ink particles rise to the surface to produce six colors.
    “This process closely resembles the printing principle by which ink adheres to paper,” Ahn explained. “Once an image is formed, it can be semi-permanently retained without any further power consumption.”

    Rich Images With Just Six Colors Through Samsung’s Proprietary Technology
    The Color E-Paper‘s strengths go far beyond power efficiency. The product can reproduce vibrant, natural hues using only six colors thanks to Samsung Electronics’ independently developed Color Imaging Algorithm.
    “Conventional products had limitations in accurately reproducing input colors, and issues such as distortion and noise occurred in flat or edge areas of images. A solution was needed to overcome these challenges, so the VD Business and Samsung Research joined forces to come up with one,” said Ahn.
    The starting point for developing the Color Imaging Algorithm, which enhances both color expressiveness and visibility, was the Human Visual System (HVS). The algorithm was built around a key aspect of human vision: the eye perceives the average color across a certain region, rather than focusing on the colors of individual pixels.
    “By leveraging this trait, it’s possible to create the perception of different colors by naturally combining the six colors. The key lies in optimizing the ratio and arrangement of those combinations to avoid any color distortion,” Ahn added.
    ▲ The Color E‑Paper’s color-rendering process, powered by the Color Imaging Algorithm.
    Calculating Color Ratios: Probability Map Extraction
    Conventional e‑paper relies on error-diffusion2 techniques to approximate digital images using a limited color palette. While effective, these methods carry significant drawbacks, as they are prone to visual distortion and suffer from slow computation speeds.
    To overcome these limitations, Samsung devised an innovative approach that calculates the probability of placing certain colors within arbitrary regions, allowing for more precise color expression.
    ▲ The Color Imaging Algorithm computes color-specific weights as probability distributions.
    By computing color weights as probabilities, the Color E-Paper can render nearly 2.5 million distinct hues using just six colors — a dramatic 40-fold increase in color richness compared to the roughly 60,000 hues achievable with conventional methods.
    Optimizing Color Arrangement: Color Sampling
    Along with color ratios, the way colors are arranged also plays a critical role in color rendition quality. Building on the probability map, Samsung developers applied blue–noise-based 3 sampling (arrangement) to assign colors on a pixel-by-pixel basis, ensuring uniform and smooth color rendering.
    ▲ The blue-noise-based color sampling process
    ▲ (Left) Grocery store promotions brought to life in vivid color on a Samsung Color E-Paper display; (Right) A magnified view of the onion demonstrates how various color combinations naturally render shades and hues.
    This advanced Color Imaging Algorithm technology significantly reduces eye strain and delivers images with soft, natural boundaries — just like printed material.
    ▲ Samsung’s Color Imaging Algorithm technology overcomes the shortcomings of conventional e-paper.
    A Globally Acclaimed Technology With a Bright Future
    With reactions like “I thought it was real paper!” and “Where’s the power cable?”, people are often surprised or impressed when they see the Color E‑Paper for the first time. The innovation drew significant attention at this year’s edition of Europe’s largest display exhibition, Integrated Systems Europe, where it won three Best of Show at ISE 2025 awards.
    “I felt so proud when I heard that a global brand, one that had previously insisted on analog signage only, began seriously considering a digital transformation after seeing the Color E‑Paper at ISE 2025,” Daewoong Cho recalled.
    “The natural, paper-like color of the Color E-Paper will offer consumers a fresh experience across various commercial settings. We plan to introduce it in a range of sizes, from small to large displays.”
    “We are continuing our research with the goal of being able to render a broader range of colors more effectively. Samsung Research and the VD Business will keep working in close partnership to deliver the next breakthrough in display technology,” added Iljun Ahn.
    With its paradigm-shifting power efficiency and color accuracy, the Samsung Color E‑Paper is leading the evolution of digital signage. Driven by a spirit of continuous innovation, Samsung’s product developers are committed to enhancing visual experiences in commercial spaces — setting a new standard for the displays of tomorrow.

    1 Based on IEC 62301 standards from the International Electrotechnical Commission. Power consumption below 0.005W is indicated as 0.00W.
    2 This method diffuses the quantization error — introduced during image quantization — by distributing it in specified proportions to adjacent pixels, ensuring the errors become visually less noticeable across the entire image.
    3 Unlike white noise, blue noise is concentrated in the high-frequency spectrum, distributing fine-grained, evenly spaced patterns without large blotches — enabling smoother and more natural image rendering on displays.

    MIL OSI Global Banks

  • MIL-OSI Australia: The 2024–25 NFP self-review return is due by 31 October

    Source: New places to play in Gungahlin

    Non-charitable not-for-profits (NFPs) with an active Australian business number (ABN) need to lodge an annual NFP self-review return to notify their eligibility to self-assess as income tax exempt. The return is due each year between 1 July and 31 October.

    If your organisation’s 2023–24 return is overdue, you will need to lodge that return before your 2024–25 return.

    If you aren’t sure if your NFP is charitable, or you’re waiting on the outcome of your charity registration with the ACNC, check out the article in this edition of NFP news Lodging the NFP self-review return if your NFP may be charitable.

    How to lodge

    You can lodge online, through our self-help phone service, or with a registered tax agent.

    Once you’ve set up access, Online services for business is the quickest way to lodge your NFP SRR. If you’ve lodged your 2023–24 NFP self-review return, your answers will be pre-populated in your 2024–25 return based on your last lodgment. When you lodge, make sure you review your answers before you submit your return.

    For step-by-step guidance on how to update your ABN details and set up access to ATO online services, check out our Update, connect and lodge (PDF, 184 KB)This link will download a file flowchart.

    If you are experiencing difficulties lodging online, you can still lodge your return using our automated self-help phone service on 13 72 26. You’ll need your NFP’s ABN and a reference number from any letter we’ve posted to your NFP.

    Before you lodge, use the NFP self-review return question guide to preview the questions in the return and prepare your answers before lodging.

    One of the questions on the return asks whether your organisation has and follows clauses in its governing document that prohibit the distribution of income or assets to members while it is operating and winding up.

    We are providing additional support to NFPs and have extended the due date to update governing documents from 30 June 2025 to 30 June 2026 for organisations that have not made any distributions of income or assets to members. To get the extension, answer ‘Yes’ to the question in the return about your NFP’s governing document.

    If you need more help with getting ready to lodge, there are plenty of useful tools and information available to help you understand the NFP self-review return at ato.gov.au/NFPtaxexempt.

    Stay up to date

    • You can read more articles in the Not-for-profit newsroom and, if you haven’t already, subscribeExternal Link to our free monthly newsletter Not-for-profit news to be alerted when we publish new articles.
    • For updates throughout the month, Assistant Commissioner Jennifer Moltisanti regularly shares blog posts and updates on her LinkedInExternal Link profile. And you can check out our online platform ATO CommunityExternal Link to find answers to your tax and super questions.

    MIL OSI News

  • MIL-OSI Africa: Kholo Capital provides Bayport South Africa with a R200 million mezzanine debt growth funding facility to support the roll out of the Bayport South Africa (SA) Financial Wellness Solutions Programme

    Source: APO


    .

    Kholo Capital Mezzanine Debt Fund I (“Kholo Capital”) (www.KholoCapital.com) announced today the injection of a R200 million mezzanine debt growth funding facility into Bayport Securitisation (“Bayport South Africa” or “Bayport SA”) to support the roll out of the Bayport SA Financial Wellness Solutions Programme. Bayport SA is committed to alleviating employee over-indebtedness in South Africa and promoting long-term financial wellness of employees. This is achieved by offering them with practical debt solutions, which include debt reduction through negotiating settlement terms and discounts with creditors, halting legal action where possible, and improving employees’ credit scores, through its financial wellness solutions programme.

    Through the Bayport SA Financial Wellness Programme, Bayport SA addresses the widespread issue of over-indebtedness among South African employees. By providing tailored debt reductions (wherein the benefit of all settlement discounts negotiated with creditors is passed to the employees), debt consolidation and rehabilitation solutions, Bayport enables employees to regain financial stability and improve their long-term financial standing. The programme includes structured debt management processes and financial literacy initiatives, ensuring that employees not only reduce their debt obligations and debt repayments resulting in financial breathing room but also develop healthier long-term financial habits.

    Recent market data indicates that more than 60% of employed individuals in South Africa are struggling with over-indebtedness, while less than 14% of the South African population can afford to retire. Alarmingly, an average of 74% of income is spent on debt repayments, with 49% of all consumers falling more than one month behind on at least one loan. These findings highlight a critical socioeconomic issue that not only affects individual well-being and family units, but also impacts workplace productivity, stability, and staff morale.

    As a vital component of its initiative, Bayport SA offers employees, through partnerships with employers, a structured 10-week financial wellness journey aimed at providing both immediate relief and fostering long-term behavioural change. Employees can expect significant improvements in monthly cash flow (i.e., including significant debt reduction), enhanced expense management, and the ability to effectively plan for future financial milestones. The program includes personal financial health assessments, individualized coaching, and practical exercises to build sustainable financial habits. Additionally, employees engage in peer-led group sessions that promote accountability and support the development of effective money management practices.

    To further amplify the financial wellness program’s impact, Bayport SA supplies a range of digital tools and support services. These include a gamified financial wellness app that facilitates goal tracking and provides access to educational resources, along with one-on-one sessions with personal money coaches throughout the journey. The Bayport SA Academy offers online financial education and workshops to enhance financial literacy, while structured emergency credit facilities provide responsible short-term relief as an alternative to high-cost payday loans.

    Bayport SA is currently in partnership with more 70 employers across various industries in South Africa, including blue-chip corporations in FMCG, financial services, telecommunications, automotive, and mining sectors, as well as government entities at local, provincial, and national levels.

    Mokgome Mogoba, Managing Partner and Founder at Kholo Capital, remarked: “The positive ESG and social impact on the South African society by Bayport SA is substantial as the company provides significant debt relief to over-indebted employees. We are very passionate about financial inclusion and this investment achieves that. Bayport SA’s intervention in the South African economy is significant and measurable. Settlement discounts negotiated with creditors on behalf of employees can range between 25% and 80% of the total debt amount outstanding. The average increase in monthly disposable income is R7,450, representing 32.8% of the average basic salary of R22,865. This increase in financial flexibility is directly correlated with a substantial reduction in the total debt amount outstanding and reduction in monthly debt repayment obligations.”                                                                                                                        

    Zaheer Cassim, Managing Partner and Founder at Kholo Capital, asserted: “Bayport SA’s securitization program, is one of the best in South Africa. There has never been any payment defaults or covenant breaches, even during the challenging period of the COVID-19 pandemic. The securitization program is supported by leading South African institutional investors and South African banks. Bayport SA is also highly regarded for its first-class management team, transparent reporting practices and strong management engagement, with regular investor reporting and quarterly meetings with investors. The business is supported by strong shareholders of reference which include the Public Investment Corporation (PIC). We are very pleased with this investment in Bayport SA, and we look forward to supporting this highly talented and highly motivated management team in their vision to grow the business, by providing financial wellness solutions to the South African people.”

    Alfred Ramosedi, Chief Executive Officer of Bayport SA, commented: “We are proud to partner with Kholo Capital, whose commitment to impact investing aligns seamlessly with our mission to drive meaningful financial change. As one of South Africa’s leading financial wellness companies, this funding will enable us to scale our reach and deepen our impact – empowering even more South Africans with the tools and support to break free from debt and build financially resilient futures.”

    Norton Rose Fulbright acted as legal counsel to Kholo Capital and Werksmans acted as legal counsel for Bayport SA.

    Distributed by APO Group on behalf of Kholo Capital.

    Notes to Editors

    About R1,4 billion Kholo Capital Mezzanine Debt Fund I

    Please keep Kholo Capital Mezzanine Debt in mind whenever equity funding is needed, we can plug some of the equity funding gap with mezzanine debt loan funding (subordinated loans) so that shareholders don’t give up too much equity and don’t suffer too much equity dilution.

    The R1,4bn Kholo Capital Mezzanine Debt Fund provides mezzanine debt funding R70m to R205m to medium sized businesses generating minimum R25m EBITDA per annum. We can invest in all sectors including real estate (but excluding primary mining, resources, commodities, primary farming, micro lending, gambling, ammunition, hard liquor and tobacco). However, we can invest in mining services/products, mining logistics/transportation, mineral processing, and Agri-processing.

    We provide growth capital and acquisition funding to mid-market companies with operations in South Africa, Botswana, Namibia, Swaziland, or Lesotho. Investment tenor 4 to 7yrs targeting returns above 17% (interest rate plus equity upside). Leverage up to 3,5x to 4x Total Debt (senior debt and mezzanine debt) to EBITDA and/or up to 80% LTV.

    Kholo Capital is passionate about investing in sectors of the Southern African economy with high social impact including financial inclusion, affordable housing, healthcare, education, renewable energy, food security, ICT, and infrastructure. Our guiding business principles include commitment to add sustainable value to our investee companies and to adhere to the best ESG practices. The Fund uses the United Nation’s 17 Sustainable Development Goals as guiding principles with key focus on those linked to job creation and sustainable growth.

    We also fund share buy backs, refinancing of shareholder loans and dividend recaps. We also fund management buy-outs, leveraged buyouts and private equity buy-outs.

    We can also pay down portion of senior debt bank funding especially where the senior debt has steep capital repayments, in order to create cashflow headroom for the business. Mezzanine debt loan funding is typically 5-6yr flexible bullet loan funding with capital repayable right at the end on the maturity of the loan. The business only has to service interest payments during the loan tenor thereby creating cashflow headroom and the business can re-invest the excess cashflows for growth.

    Business or project must be generating minimum R25m EBITDA per annum at the time of investment. Meaning we can’t fund greenfield projects or new developments on a ring-fenced basis. We can look at greenfield opportunities or new projects provided there is an external guarantee (i.e., third party guarantee) from a business (i.e., balance sheet) that generates the minimum R25m EBITDA. The guarantee can fall away once the business meets the threshold and covenants are met.

    Also, we can’t fund distressed assets or big turnarounds.

    Kholo Capital is a specialist alternative investment fund management company with deep experience and track record in private markets. It was founded in 2020 by Mokgome Mogoba and Zaheer Cassim. The Kholo Capital investment team has more than 100 years of collective credit and investment experience and is highly skilled in senior debt, mezzanine debt and private equity. The investment team has a strong track record in the credit and investment space and has invested in excess of R50bn of mezzanine debt, private equity and senior debt investment transactions in over 90 transactions in more than 10 African countries. Kholo Capital is managed by a cohesive, dynamic and nimble team and the management team has worked together over the last 21 years.

    Website: www.KholoCapital.com

    Website: www.Bayport.co.za

    For more information contact:
    Mokgome Mogoba
    Managing Partner – Kholo Capital Mezzanine Debt Fund I
    mokgome@kholocapital.com
    Tel: +27-79-631-5860

    Zaheer Cassim
    Managing Partner – Kholo Capital Mezzanine Debt Fund I
    zaheer@kholocapital.com
    Tel: +27-83-786-0845

    MIL OSI Africa

  • MIL-OSI Security: USS PEARL HARBOR (LSD 52) Sailors perform general quarters drill [Image 3 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    PACIFIC OCEAN (July 2, 2025) U.S. Navy Boatswain’s Mate 1st Class Paul Aldana, from Phoenix, Arizona, acts as a scene leader during a general quaters drill on the bridge wing of the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Pacific Ocean on July 2, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Alexander Bussman)

    Date Taken: 07.01.2025
    Date Posted: 07.03.2025 00:12
    Photo ID: 9146381
    VIRIN: 250702-N-RW505-1155
    Resolution: 5226×3484
    Size: 9.72 MB
    Location: US

    Web Views: 16
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: USS PEARL HARBOR (LSD 52) Sailors perform general quarters drill [Image 3 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    PACIFIC OCEAN (July 2, 2025) U.S. Navy Boatswain’s Mate 1st Class Paul Aldana, from Phoenix, Arizona, acts as a scene leader during a general quaters drill on the bridge wing of the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Pacific Ocean on July 2, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Alexander Bussman)

    Date Taken: 07.01.2025
    Date Posted: 07.03.2025 00:12
    Photo ID: 9146381
    VIRIN: 250702-N-RW505-1155
    Resolution: 5226×3484
    Size: 9.72 MB
    Location: US

    Web Views: 16
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: USS PEARL HARBOR (LSD 52) Sailors perform general quarters drill [Image 3 of 5]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    PACIFIC OCEAN (July 2, 2025) U.S. Navy Boatswain’s Mate 1st Class Paul Aldana, from Phoenix, Arizona, acts as a scene leader during a general quaters drill on the bridge wing of the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Pacific Ocean on July 2, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance regional interoperability and disaster response capabilities, increase security and stability in the region, and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Alexander Bussman)

    Date Taken: 07.01.2025
    Date Posted: 07.03.2025 00:12
    Photo ID: 9146381
    VIRIN: 250702-N-RW505-1155
    Resolution: 5226×3484
    Size: 9.72 MB
    Location: US

    Web Views: 16
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 1 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, left, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), greets Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167912
    VIRIN: 250702-N-ED646-9134
    Resolution: 7667×5121
    Size: 5.64 MB
    Location: SG

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 1 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, left, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), greets Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167912
    VIRIN: 250702-N-ED646-9134
    Resolution: 7667×5121
    Size: 5.64 MB
    Location: SG

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 1 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, left, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), greets Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167912
    VIRIN: 250702-N-ED646-9134
    Resolution: 7667×5121
    Size: 5.64 MB
    Location: SG

    Web Views: 2
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 3 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, right, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), and Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, pose for a photo during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167914
    VIRIN: 250702-N-ED646-1859
    Resolution: 7307×5219
    Size: 6.83 MB
    Location: SG

    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 3 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, right, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), and Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, pose for a photo during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167914
    VIRIN: 250702-N-ED646-1859
    Resolution: 7307×5219
    Size: 6.83 MB
    Location: SG

    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: Commodore, Maritime Component Commander, New Zealand Defence Force Visits COMLOG WESTPAC, July 2, 2025 [Image 3 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    SINGAPORE (July 2, 2025) Rear Adm. Todd Cimicata, right, Commander, Logistics Group Western Pacific/Task Force 73 (COMLOG WESTPAC/CTF-73), and Commodore Shane Arndell, Maritime Component Commander, New Zealand Defence Force, pose for a photo during a scheduled visit to Sembawang Naval Installation, July 2, 2025. COMLOG WESTPAC supports deployed maritime forces, along with regional Allies and partners, to sustain Western Pacific operations. (U.S. Navy photo by Mass Communication Specialist 2nd Class Moises Sandoval/Released)

    Date Taken: 07.01.2025
    Date Posted: 07.08.2025 00:44
    Photo ID: 9167914
    VIRIN: 250702-N-ED646-1859
    Resolution: 7307×5219
    Size: 6.83 MB
    Location: SG

    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI: Diginex Announces Plans for Eight-for-One Forward Stock Split

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 07, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that on July 1, 2025 the Diginex Board of Directors (the “Board”) adopted resolutions recommending that its shareholders approve an eight-for-one (8:1) forward stock split. 

    The Board has scheduled an extraordinary general meeting of its shareholders to be held on July 29, 2025 (the “EGM”) for shareholders of record as of July 3, 2025 (the “Record Date”) to vote on the forward stock split and the filing of a second amended and restated memorandum and articles of association (the “Proposals”). Should the Proposals be approved by shareholders the forward stock split will be effective from August 1, 2025. 

    Should the Proposals be approved at the EGM, (i) each ordinary share of US$0.00005 par value shall be subdivided into eight (8) ordinary shares of US$0.00000625 par value each; (ii) each preferred share of US$0.00005 par value shall be subdivided into eight (8) preferred shares of US$0.00000625 par value each; and (iii) the authorized share capital of the Company shall become US$50,000 divided into 7,680,000,000 ordinary shares of par value US$0.00000625 each and 320,000,000 preferred shares of par value US$0.00000625 each. Any fractional shares, as a result of the forward stock split, will be rounded up. There will be no cash in lieu shares payments.

    The forward stock split is intended to make Diginex’s shares more accessible to a wider range of investors while maintaining the company’s market capitalization.

    “We are pleased to propose this forward stock split, which reflects our commitment to enhancing shareholder accessibility and liquidity,” said Miles Pelham, Chairman and Founder of Diginex. “This move aligns with our strategic goals to broaden our investor base and support the long-term growth of our business.” 

    The forward stock split will not affect the total value of an investor’s holdings of Diginex shares at the time of the forward split. The Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card has been mailed on or about July 7, 2025, to all shareholders of the Company as of the Record Date. Shareholders can review copies the Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card at www.sec.gov in the Company’s Form 6-K and at https://www.cstproxy.com/diginex/2025

    About Diginex

    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website:

    https://www.diginex.com/.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    Diginex
    Investor Relations
    Email: ir@diginex.com 

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de 

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global 

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk 

    The MIL Network

  • MIL-OSI: Diginex Announces Plans for Eight-for-One Forward Stock Split

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 07, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced that on July 1, 2025 the Diginex Board of Directors (the “Board”) adopted resolutions recommending that its shareholders approve an eight-for-one (8:1) forward stock split. 

    The Board has scheduled an extraordinary general meeting of its shareholders to be held on July 29, 2025 (the “EGM”) for shareholders of record as of July 3, 2025 (the “Record Date”) to vote on the forward stock split and the filing of a second amended and restated memorandum and articles of association (the “Proposals”). Should the Proposals be approved by shareholders the forward stock split will be effective from August 1, 2025. 

    Should the Proposals be approved at the EGM, (i) each ordinary share of US$0.00005 par value shall be subdivided into eight (8) ordinary shares of US$0.00000625 par value each; (ii) each preferred share of US$0.00005 par value shall be subdivided into eight (8) preferred shares of US$0.00000625 par value each; and (iii) the authorized share capital of the Company shall become US$50,000 divided into 7,680,000,000 ordinary shares of par value US$0.00000625 each and 320,000,000 preferred shares of par value US$0.00000625 each. Any fractional shares, as a result of the forward stock split, will be rounded up. There will be no cash in lieu shares payments.

    The forward stock split is intended to make Diginex’s shares more accessible to a wider range of investors while maintaining the company’s market capitalization.

    “We are pleased to propose this forward stock split, which reflects our commitment to enhancing shareholder accessibility and liquidity,” said Miles Pelham, Chairman and Founder of Diginex. “This move aligns with our strategic goals to broaden our investor base and support the long-term growth of our business.” 

    The forward stock split will not affect the total value of an investor’s holdings of Diginex shares at the time of the forward split. The Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card has been mailed on or about July 7, 2025, to all shareholders of the Company as of the Record Date. Shareholders can review copies the Notice of the Extraordinary General Meeting, Proxy Statement and Proxy Card at www.sec.gov in the Company’s Form 6-K and at https://www.cstproxy.com/diginex/2025

    About Diginex

    Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. 

    The award-winning diginexESG platform supports 17 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.

    For more information, please visit the Company’s website:

    https://www.diginex.com/.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company’s filings with the SEC.

    Diginex
    Investor Relations
    Email: ir@diginex.com 

    IR Contact – Europe
    Anna Höffken
    Phone: +49.40.609186.0
    Email: diginex@kirchhoff.de 

    IR Contact – US
    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global 

    IR Contact – Asia
    Shelly Cheng
    Strategic Financial Relations Ltd.
    Phone: +852 2864 4857
    Email: sprg_diginex@sprg.com.hk 

    The MIL Network

  • MIL-OSI Economics: [Interview] Staying Cool Without Refrigerants: How Samsung Is Pioneering Next-Generation Peltier Cooling

    Source: Samsung

    On June 28, Samsung Electronics, together with the Johns Hopkins University Applied Physics Laboratory (APL), published a paper on next-generation Peltier cooling technology in the prestigious scientific journal Nature Communications.
     
    The team successfully developed a high-efficiency thin-film semiconductor Peltier device  using nano-engineering technology and demonstrated refrigerant-free cooling, highlighting the potential to deliver outstanding performance without conventional refrigerants.
     
    Previously in 2024, Samsung Electronics opened a new chapter in refrigeration technology through the launch of the Bespoke AI Hybrid Refrigerator, which combines Peltier devices with high-efficiency compressors. Much like a hybrid vehicle, this system intelligently switches between the two cooling methods depending on what best suits the situation.
     
    While the Bespoke AI Hybrid Refrigerator marked a major step forward, the new thin-film Peltier technology developed with Johns Hopkins APL represents a leap into the future.  How will this newly unveiled innovation be applied to home appliances, and how will it shape the cooling technology of tomorrow? To find out, Samsung Newsroom spoke with Sungjin Jung from Samsung Research, who has led the technology’s development, and Hajin Jeong from the DA (Digital Appliances) Business at Samsung Electronics, who is working to integrate it into Samsung’s next-generation refrigerators.
     
    ▲ (From left) Hajin Jeong from the Refrigerator Platform Lab of Samsung Electronics’ DA Business and Sungjin Jung from Samsung Research’s Life Solutions Team
     
     
    Precise Temperature Control With Semiconductor Devices? Understanding the Principles Behind Peltier Cooling Technology
    Conventional refrigerators operate using vapor compression technology. In this system, refrigerant gas is compressed into a liquid and then repeatedly evaporated to absorb and release heat, thereby lowering the internal temperature. While this widely used cooling method has proven effective, the use of refrigerants raises environmental concerns, and there are limitations in reducing power consumption — making it a challenge to carry this approach into the future and adapt it to evolving needs. Additionally, the bulky compressors and complex mechanical components inherent in this system place constraints on refrigerator design.
     
    In contrast, Peltier cooling technology takes a different approach. As a semiconductor-based method that uses electricity to transfer heat, Peltier cooling utilizes the Peltier effect, in which an electric current passing through both ends of a Peltier device  causes one side to absorb heat while the other side releases it.
     
    ▲The Peltier effect
     
    Utilizing the Peltier effect, the surface that absorbs heat and cools can be placed inside the refrigerator, while the surface that releases the absorbed heat can be positioned outside — effectively lowering the internal temperature. The greatest advantage of this method is its precise control of heat flow using only electricity. In addition, its simple structure compared to refrigerant-based mechanical systems allows for greater flexibility in refrigerator design.
     
     
    Advancing Peltier Technology and Expanding Possibilities Through Global Collaboration
    In early 2023, Samsung Electronics ramped up cross-organizational collaboration — bringing together the DA Business, Samsung Research and Global Technology Research — to commercialize Peltier cooling technology and enhance its performance. The DA Business primarily focused on Peltier-technology-based product development, leading to the launch of the Bespoke AI Hybrid Refrigerator in early 2024. Samsung Research and Global Technology Research, meanwhile, drove technological advancement by developing high-performance Peltier devices with improved output and durability.
     
    Around the same time, Samsung Research also initiated global collaboration efforts to pursue breakthroughs in fundamental technologies. In late 2023, it partnered with Johns Hopkins APL in the United States eventually launching an eight-month-long full-scale joint research project in April the following year.
     
    The core objective of this joint research was to leverage Johns Hopkins University’s nano-thin-film Peltier device technology to boost the output of conventional milliwatt-class Peltier devices to several tens of watts, paving the way for a high-efficiency thin-film Peltier system suitable for integration into home appliances.
     
    ▲ Researchers from Samsung Research and Johns Hopkins APL (left); the high-efficiency thin-film Peltier device they co-developed (right)
     
    Over the course of the project, Samsung Electronics particularly demonstrated strengths in system design and packaging technology. As Peltier cooling involves simultaneous heat absorption and heat generation occur simultaneously on opposite sides of the device, performance can drop sharply if the temperature difference between the two sides is not minimized. During the process of applying the nano-thin-film Peltier devices — structured differently compared to conventional ones — directly to refrigerators, challenges such as increased contact thermal resistance, which hindered heat transfer, or unstable performance arose. As a result, packaging solutions that enable efficient heat transfer on both sides of the Peltier device became one of the core components in developing a high-efficiency Peltier cooling system.
     
     
    “We designed a new packaging method to become the world’s first to apply nano-thin-film Peltier devices to refrigerators.”
    – Sungjin Jung, Samsung Research, Samsung Electronics
     
    ▲ Sungjin Jung from Samsung Research
     
    “Through simulations and iterative testing, we identified the root causes of the issues and designed new thermal interface materials (TIM) and assembly techniques to enable efficient heat transfer,” Jung explained.
     
    This newly developed next-generation thin-film Peltier device boasts a cooling efficiency approximately 75% higher than conventional devices. By minimizing heat loss on each side of the Peltier device, the joint research demonstrated the potential for developing high-efficiency cooling appliances using the new technology.
     
     
    Bringing Peltier Cooling Technology Into Everyday Life
    With Samsung Research and Johns Hopkins APL having developed the next-generation Peltier cooling technology, it was now the DA Business’s turn to translate this technology into consumer products.
     
     
    “With this next-generation Peltier cooling technology, we plan to introduce an even more advanced hybrid refrigerator.”
    – Hajin Jeong, DA Business, Samsung Electronics
     
    ▲ Hajin Jeong from the DA Business
     
    In the Bespoke AI Hybrid Refrigerator Samsung launched in 2024, the compressor operates under normal conditions such as routine storage and retrieval, while the Peltier device activates alongside the compressor during high-load situations — like when storing large amounts of groceries or placing hot food inside — thereby enhancing both cooling performance and energy efficiency. Additionally, when defrosting frost inside the cooling unit, the Peltier device remains active, minimizing internal temperature fluctuations during the process.
     
    ▲ In the Samsung Bespoke AI Hybrid Refrigerator, a Peltier device is mounted at the top of the interior, while an AI Inverter Compressor is installed at the bottom.
     
    In sections where both cooling mechanisms operate simultaneously, optimal efficiency hinged on the layout design. “Since the compressor is located at the lower rear, we redesigned the interior structure to position the Peltier device at the top, where it wouldn’t be affected by heat interference,” explained Jeong.
     
    As a result, the refrigerator reduced power consumption by as much as 30% compared to the top grade of Korea’s energy efficiency rating labeling system,1 while also significantly improving its ability to maintain a stable internal temperature.
     
    The DA Business’ vision for hybrid refrigeration continues to evolve. Currently available only in select markets such as Korea, the U.S. and Europe, the company is accelerating joint development with Samsung Research to create models that can operate reliably even in hot and humid tropical regions such as India.
     
    With the application of Samsung’s next-generation Peltier cooling technology, the hybrid refrigerators of tomorrow are expected to deliver even greater cooling performance and energy efficiency. “Integrating this next-generation Peltier cooling technology into our existing hybrid refrigerators will enable more precise temperature control and further reduce power consumption,” said Jeong.
     
     
    Toward a Fully Refrigerant-Free Future
    Peltier cooling is also a technology for a better planet. Refrigerants commonly used in refrigerators can damage the ozone layer and contribute to global warming if released, prompting increasingly strict regulations in the U.S. and Europe. Against this backdrop, Peltier cooling technology is gaining recognition as a versatile, energy-efficient solution.
     
    Samsung Electronics has set a medium- to long-term goal of going beyond hybrid structures to develop a fully refrigerant-free refrigerator powered solely by Peltier cooling technology.
     
    “There’s still considerable research ahead before we can create a fully refrigerant-free refrigerator,” said Sungjin Jung . “Moving forward, we plan to unlock new possibilities in Peltier cooling by integrating other cutting-edge technologies such as AI, semiconductor processing and 3D printing into our work.”
     
    “The DA Business and Samsung Research are working in lockstep from a product development standpoint to perfect this next-generation technology and fast-track its commercialization,” added Hajin Jeong.
     
    ▲ (From left) Sungjin Jung and Hajin Jeong
     
    Samsung Electronics remains committed to not only innovating home appliances, but also transforming  the very paradigm of cooling technology. The future of refrigeration is being shaped by next-generation Peltier cooling — and the evolution is only just beginning.
     
     
    1 Based on the energy efficiency rating of the 2024 Bespoke AI Hybrid Refrigerator model RF91DB90LE**, as registered with the Korea Energy Agency. Compared against the minimum threshold for Grade 1 under the KEA’s energy efficiency rating labeling system.

    MIL OSI Economics

  • MIL-OSI Australia: CFA celebrates NAIDOC Week

    Source:

    The theme for NAIDOC Week this year centres around The Next Generation: Strength, Vision & Legacy.

    This week is an opportunity for us to proudly reflect and celebrate with the many members we have across CFA that belong to First Peoples communities and recognise their invaluable knowledge and cultural continuums that they continue to impart within our organisational activities.

    We encourage members to get involved in local NAIDOC week events and learn more about building a better CFA for First Peoples in Victoria.

    CFA Cultural Heritage Advisor, Donna Sherwen and CFA Board Chair Jo Plummer share what NAIDOC Week means to them.

    “NAIDOC Week has moved into something much bigger and broader. It’s one of the most important, significant weeks in the cultural calendar,” Donna said.

    “When we see our young ones coming up into this space it is so important that we ensure that every little thing is passed on to them, so that they can carry this into the next generation.

    “They’ve taken lessons from our past and our history, but they’re going to move forward with a much better understanding of who we are and where we’re going, to share with everybody.”

    “The real meaning here for me this NAIDOC Week is thinking about the future generation and our First Peoples and how we enable them to treasure and share the beautiful stories, the cultural heritage that has so much wisdom within it, not only with us but to our next generation of young people,” Jo said.

    “Go forth this week, learn something new, get involved, I have no doubt as we continue to develop our partnerships with our cultural heritage people and our First Peoples that we will learn to do and be better together.

    “We all have a role to play in helping our young people both share and celebrate our cultural heritage, the oldest living culture in the world.”

    Submitted by CFA media

    MIL OSI News

  • MIL-OSI Asia-Pac: Basic Housing Units Bill to be introduced into LegCo for First Reading and Second Reading

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat: 

         The Legislative Council (LegCo) will hold a meeting tomorrow (July 9) at 11am in the Chamber of the LegCo Complex. During the meeting, the Basic Housing Units Bill will be introduced into the Council for the First Reading and the Second Reading. The Second Reading debate on the Bill will be adjourned.

         Meanwhile, the Department of Justice will make a request under section 7 of the Legislative Council (Powers and Privileges) Ordinance and Rule 90 of the Rules of Procedure for special leave of the Council to give evidence of Council proceedings.

         On Members’ motions, Mr Duncan Chiu will move a motion on studying the enactment of a cyber security law and building a comprehensive system against cyber fraud. The motion is set out in Appendix 1. Mr Chan Hak-kan and Dr Hoey Simon Lee will move separate amendments to Mr Duncan Chiu’s motion.

         Mr Lau Kwok-fun will move a motion on dynamically planning and consolidating the site to expedite the development of the Northern Metropolis University Town. The motion is set out in Appendix 2. Ms Chan Yuet-ming and Prof Chow Man-kong will move separate amendments to Mr Lau Kwok-fun’s motion.

         Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.

         The agenda of the above meeting can be obtained via the LegCo Website (www.legco.gov.hk). Members of the public can watch or listen to the meeting via the “Webcast” system on the LegCo Website. To observe the proceedings of the meeting at the LegCo Complex, members of the public may call 3919 3399 during office hours to reserve seats.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Basic Housing Units Bill to be introduced into LegCo for First Reading and Second Reading

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat: 

         The Legislative Council (LegCo) will hold a meeting tomorrow (July 9) at 11am in the Chamber of the LegCo Complex. During the meeting, the Basic Housing Units Bill will be introduced into the Council for the First Reading and the Second Reading. The Second Reading debate on the Bill will be adjourned.

         Meanwhile, the Department of Justice will make a request under section 7 of the Legislative Council (Powers and Privileges) Ordinance and Rule 90 of the Rules of Procedure for special leave of the Council to give evidence of Council proceedings.

         On Members’ motions, Mr Duncan Chiu will move a motion on studying the enactment of a cyber security law and building a comprehensive system against cyber fraud. The motion is set out in Appendix 1. Mr Chan Hak-kan and Dr Hoey Simon Lee will move separate amendments to Mr Duncan Chiu’s motion.

         Mr Lau Kwok-fun will move a motion on dynamically planning and consolidating the site to expedite the development of the Northern Metropolis University Town. The motion is set out in Appendix 2. Ms Chan Yuet-ming and Prof Chow Man-kong will move separate amendments to Mr Lau Kwok-fun’s motion.

         Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.

         The agenda of the above meeting can be obtained via the LegCo Website (www.legco.gov.hk). Members of the public can watch or listen to the meeting via the “Webcast” system on the LegCo Website. To observe the proceedings of the meeting at the LegCo Complex, members of the public may call 3919 3399 during office hours to reserve seats.

    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Basic Housing Units Bill to be introduced into LegCo for First Reading and Second Reading

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Legislative Council Secretariat: 

         The Legislative Council (LegCo) will hold a meeting tomorrow (July 9) at 11am in the Chamber of the LegCo Complex. During the meeting, the Basic Housing Units Bill will be introduced into the Council for the First Reading and the Second Reading. The Second Reading debate on the Bill will be adjourned.

         Meanwhile, the Department of Justice will make a request under section 7 of the Legislative Council (Powers and Privileges) Ordinance and Rule 90 of the Rules of Procedure for special leave of the Council to give evidence of Council proceedings.

         On Members’ motions, Mr Duncan Chiu will move a motion on studying the enactment of a cyber security law and building a comprehensive system against cyber fraud. The motion is set out in Appendix 1. Mr Chan Hak-kan and Dr Hoey Simon Lee will move separate amendments to Mr Duncan Chiu’s motion.

         Mr Lau Kwok-fun will move a motion on dynamically planning and consolidating the site to expedite the development of the Northern Metropolis University Town. The motion is set out in Appendix 2. Ms Chan Yuet-ming and Prof Chow Man-kong will move separate amendments to Mr Lau Kwok-fun’s motion.

         Members will also ask the Government 22 questions on various policy areas, six of which require oral replies.

         The agenda of the above meeting can be obtained via the LegCo Website (www.legco.gov.hk). Members of the public can watch or listen to the meeting via the “Webcast” system on the LegCo Website. To observe the proceedings of the meeting at the LegCo Complex, members of the public may call 3919 3399 during office hours to reserve seats.

    MIL OSI Asia Pacific News

  • MIL-OSI: NIO’s firefly brand taps HERE Technologies to power smart, connected EV journeys

    Source: GlobeNewswire (MIL-OSI)

    • firefly will use HERE’s high-quality map data in global markets to enhance advanced driver assistance and safety functions, including Intelligent Speed Assistance within the European Union.
    • Through its partnership with Telenav Inc., HERE provides firefly users with seamless in-car navigation, including real-time traffic updates, for a software-defined vehicle experience.

    Shanghai – HERE Technologies, the leading location data and technology platform, is proud to announce its collaboration with NIO’s latest car brand, firefly. HERE is providing firefly with high-quality map data and location services used to enhance the electric vehicle (EV) and advanced driver assistance systems (ADAS). The collaboration is focused on improving the safety, efficiency and overall driving experience of firefly’s intelligent EVs.

    firefly is NIO’s newest sub-brand, designed to bring premium EV technology to a broader audience with a focus on urban mobility, smart connectivity and safety. firefly will utilize the rich details within HERE global maps, including connected navigation and ADAS. Additionally, firefly will leverage HERE’s speed limit data, incorporating fresh speed limit information to support the Intelligent Speed Assistance (ISA) requirement across the European Union.

    Additionally, through HERE’s partnership with Telenav Inc., firefly will integrate a suite of HERE location services—enhancing digital cockpit and navigation experiences tailored for EVs, including real-time traffic insights.

    Chris Chen, Vice President of NIO Global Business Development said, “To bring firefly to Europe, we needed to collaborate with a partner who understands the complexities of global mobility. HERE is a trusted partner, providing us with the high-quality, automotive-grade location technology required to meet international safety and regulatory standards. With HERE’s expertise, we can ensure that firefly drivers experience the same seamless and intelligent mobility solutions, no matter where they are.”

    A pioneer and a leading company in the global smart EV market, NIO has rapidly expanded its footprint, delivering over 42,094 vehicles worldwide in the first quarter of 2025, marking a 40.1% year-on-year increase1 from the same period in 2024. With a strong presence in China and Europe, NIO continues to push the boundaries of intelligent electric mobility. The launch of firefly is set to accelerate this momentum, expanding NIO’s reach to a new segment of EV consumers.

    Deon Newman, Senior Vice President and General Manager for Asia Pacific at HERE Technologies said, “HERE is proud to support NIO in expanding its ecosystem with firefly. As Chinese EV brands scale their global presence, HERE is committed to equipping them with the AI-powered location intelligence solutions that set the global standard for automotive-grade live maps. Our collaboration with NIO underscores our dedication to enabling Chinese automakers in their export ambitions while delivering world-class driving experiences.”

    As HERE strengthens its presence in the Chinese automotive sector, this partnership highlights the company’s role in powering next-generation mobility solutions for global EV leaders.

    Media contacts

    firefly

    press@firefly.world

    HERE Technologies

    Vanessa Lee
    +65 9188 6199

    Vanessa.lee@here.com

    About firefly
    firefly is NIO’s answer to the global compact electric car market, further expanding NIO’s portfolio to drive growth efficiently. A sub-brand of NIO, firefly was officially launched in December 2024 and is to NIO a symbol of innovation and sophistication in a smaller package, building on NIO’s decade-long expertise in the premium electric vehicle market. Its first model, the ‘firefly’ – sharing the name of the brand itself, is a small, smart, high-end electric car with a key focus on design, safety, space, intelligence and energy efficiency for active urban lifestyle users. Sales will start in China in April 2025 before expanding to global markets. Learn more at www.firefly.world and on Instagram: firefly.car.

    About NIO
    NIO is a global smart electric vehicle company founded in November 2014. Dedicated to shaping a sustainable and brighter future together by providing high-performance smart electric vehicles and exceptional user experiences, NIO is the first car company listed on the NYSE, HKEX and SGX. NIO currently has three major brands under its umbrella: NIO, ONVO and firefly.

    Ten years into establishment, NIO is now one of the leading companies in the global premium smart electric vehicle market, committed to fostering its own research and development capabilities for core technologies. As of the end of September 2024, the company had filed for and obtained over 9,500 patents. Additionally, NIO has developed NIO Full Stack, a collection of 12 technology domains.

    NIO has R&D and manufacturing facilities in Shanghai, Hefei, Beijing, Nanjing, Shenzhen, Hangzhou, Wuhan, San Jose, Munich, Oxford, Berlin, Budapest, Singapore and Abu Dhabi. The company has also established sales and service networks in China, Norway, Germany, the Netherlands, Sweden, Denmark and the UAE.

    NIO Inc. currently offers eight premium smart electric vehicle models under the NIO brand and recently launched its first model under the ONVO brand as well as its first model under the firefly brand. As of November 30, 2024, NIO Inc. had delivered a total of 640,426 vehicles, leading the premium BEV segment priced above RMB 300,000. Learn more at nio.com.

    About HERE Technologies
    HERE has been a pioneer in mapping and location technology for 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at here.com


    1 NIO Inc. Reports Unaudited First Quarter 2025 Financial Results | NIO Inc.

    Attachment

    The MIL Network

  • MIL-OSI Russia: In Novosibirsk, practical training in the field of research methods using synchrotron radiation sources is taking place at the SKIF Center for Collective Use

    Translation. Region: Russian Federal

    Source: Novosibirsk State University –

    An important disclaimer is at the bottom of this article.

    From July 1 to 11, practical training in the field of research methods using synchrotron radiation sources is taking place in Novosibirsk at the SKIF Collective Use Center. The initiator and main organizer of the event is the Siberian Ring Photon Source Collective Use Center, and the co-organizer is Novosibirsk State University. This year, the practice, which is being held for the third time, has acquired international status: almost 30 people are participating in it — students of the Faculty of Physics, Mathematics and Natural Sciences of RUDN, master’s students of Bauman Moscow State Technical University and young scientists of the National Academy of Sciences of Belarus. At Novosibirsk State University, the project is being implemented with the support of the Priority 2030 program.

    — The main goal of the event is to introduce the possibilities of synchrotron research methods — first of all, X-ray diffraction and spectroscopy. Lectures during the practice are given by leading Novosibirsk scientists who specialize in these areas. Another task is to prepare and attract future users of the SKIF Cosmonaut Training Center, because those students who take part in the practice will know where they can go to conduct research using synchrotron radiation when they work in science or other fields, — said Kristina Schaefer, senior lecturer at the Department of Catalysis and Absorption. Faculty of Natural Sciences of NSU, one of the organizers of practical training.

    On July 4, the participants of the internship spent a day at Novosibirsk State University. They were given practical classes on decoding and refining the crystal structures of low-molecular organic compounds and biopolymers, which were conducted by teachers of the Department of Solid State Chemistry of the Faculty of Natural Sciences of NSU. In the following days, they will have practice on an X-ray diffractometer and an X-ray photoelectron spectrometer, where they will be able to apply the knowledge they have gained.

    They were also given a tour of the Analytical and Technological Research Center “High Technologies and Nanostructured Materials” Physics Department of NSU. NSU ATIC conducts structural-functional and technological research in solid state physics and chemistry, studies unique nanosystems and materials. Research is carried out within the framework of such promising areas as nanoelectronics, nanophotonics, methods of nanomaterial certification, functional nanomaterials, nanostructured materials and nanopowders.

    The participants of the internship were attracted by the topic and the wide range of scientific research opportunities provided by Akademgorodok and Novosibirsk.

    Anna Zhernosek, 3rd year student of the Faculty of Chemistry of RUDN:

    — I am interested in the opportunity to study certain areas in greater depth, to acquire and improve skills. This internship provides such a very good opportunity. Novosibirsk and Akademgorodok have a large knowledge base, there are universities and research institutes that are deeply involved in the topics that interest me.

    Maxim Fomin, first-year master’s student at Bauman Moscow State Technical University:

    — The program I am studying is aimed at studying the synchrotron structure, we work with its components. That is why I was interested in this internship.

    Anastasia Rotkovich, Junior Researcher, State Scientific and Practical Center for Materials Science of the National Academy of Sciences of Belarus:

    — I work on an X-ray diffractometer and, in general, use ionizing radiation, gamma radiation, for my research. The topic of practical training overlaps with what I do, so I decided to take part. NSU has a wide range of modern equipment. It would be interesting to collaborate in this regard, to build international connections for joint research.

    By the end of the current week, the participants of the internship will visit the Boreskov Institute of Catalysis of the Siberian Branch of the Russian Academy of Sciences, the Sobolev Institute of Geology and Mineralogy of the Siberian Branch of the Russian Academy of Sciences, the Lavrentyev Institute of Hydrodynamics of the Siberian Branch of the Russian Academy of Sciences, the Budker Institute of Nuclear Physics of the Siberian Branch of the Russian Academy of Sciences, and the Novosibirsk State Technical University, where they will have introductory tours of laboratories, lectures from leading scientists, and practical work in groups.

    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: 3,716 Foreign Businessmen in China’s Yiwu Granted Skilled Personnel Status

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    HANGZHOU, July 8 (Xinhua) — As of the end of June this year, 3,716 foreign entrepreneurs in Yiwu City, east China’s Zhejiang Province, had been granted the status of skilled personnel under a new assessment system launched by the local government. Among them, 37 were classified as Category A (foreign highly skilled personnel) and 3,679 as Category B (foreign professional specialists), according to the Yiwu City Science and Technology Administration.

    Yiwu has pioneered the creation of an innovative “foreign talent contribution evaluation system,” with key criteria including annual exports, job creation for local residents, and sustainable contribution to the regional economy.

    To qualify for Category A, foreign investors/entrepreneurs must meet conditions such as the company’s annual sales volume exceeding RMB 50 million (about US$6.99 million) with an individual annual salary of RMB 600,000 or more; or the company employs more than 10 local people and has 10 years of continuous individual work experience in Zhejiang Province with an annual income of RMB 600,000 or more.

    Category B is assigned if the company has such indicators as an annual volume of foreign exchange transactions of USD 500,000 or an annual foreign trade turnover of over 10 million yuan.

    According to the established rules, foreign personnel of category A receive 5-year work permits and priority processing of documents, and foreigners of category B receive work permits for a period of 2 to 4 years.

    Yiwu, known as the “supermarket of the world,” maintains trade links with more than 230 countries and regions around the world. More than 28,000 foreign traders visit here every day, accounting for about a fifth of the total number in Zhejiang Province. To further attract investment, the city launched this pilot program for foreign business personnel in September 2024. -0-

    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: The role of BRICS as a pillar of a multipolar world is becoming critically important – Belarusian Foreign Minister

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

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

    MINSK, July 8 (Xinhua) — The role of BRICS as a pillar of the multipolar world is becoming critically important, Belarusian Foreign Minister Maxim Ryzhenkov said in Rio de Janeiro during an extended session of the 17th BRICS summit. The corresponding information was published by the press service of the Belarusian Foreign Ministry on Monday.

    In his speech, M. Ryzhenkov noted that modern global challenges require not only strengthening of internal potential, but also a truly multilateral approach in international affairs.

    “Belarus sees the practical embodiment of this ideology in BRICS – an association based on equality, mutual respect and the search for collective solutions. Today, when outdated unipolar mechanisms demonstrate their ineffectiveness and politicization, the role of BRICS as a support for a multipolar world, as a foundation and an integral part of a fair world order is becoming critically important,” the minister emphasized.

    He also noted that the New Development Bank is the most important element of the emerging financial architecture of BRICS. Belarus sent an official request to join its members in March of this year.

    “Belarus’ geopolitical position in Eurasia opens up broad prospects for cooperation in logistics. Belarus is ready to become a platform for creating modern logistics hubs, where advanced technologies, including blockchain and the Internet of Things, will be used to build transparent and efficient supply chains,” the head of the Belarusian Foreign Ministry noted. -0-

    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 China: Fire at Cairo data hub injures 14, causes internet, telecom outages

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

    Firefighters battle a fire at a telecommunication building in Cairo, Egypt, on July 7, 2025. [Photo/Xinhua]

    A fire broke out on Monday inside a telecommunication building in the Egyptian capital Cairo, injuring 14 people, causing a partial disruption of telecommunication and internet services in the Greater Cairo metropolitan area.

    The injured were immediately transferred to a nearby hospital for treatment, the Egyptian Health Ministry said in a statement.

    The official MENA news agency reported that firefighters have successfully contained the fire in the Ramses Central Exchange building, adding that cooling operations are currently underway to ensure the fire will not reignite.

    A security source told MENA that preliminary investigations suggest the fire was likely caused by an electrical short circuit, noting that criminal lab experts will collect evidence from the scene to determine the exact cause.

    Meanwhile, Egypt’s National Telecommunications Regulatory Authority said that work is underway to assess the extent of the damage and gradually restore service. 

    MIL OSI China News

  • MIL-OSI China: Vast pair-up program powers modern makeover of NW China’s Xinjiang

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

    Inside a brand-new workshop at a buzzing textile factory in Hotan, northwest China’s Xinjiang Uygur Autonomous Region, Zulaya Tursuntohti deftly handled the whirring spinning frames to produce fine cotton threads. Just months ago, this job, and her 3,500-yuan (about 489 U.S. dollars) monthly paycheck, did not exist.

    Hundreds of kilometers away, meanwhile, in Kashgar’s saline wastelands, farmer Turghun Yasen marveled at seedlings of silage corn springing up from once-barren soil.

    These snapshots reveal glimpses of the quiet engine powering China’s vast western region, namely a pair-up program where 18 provincial-level regions and the southern Chinese tech hub of Shenzhen have been creating jobs, improving skills and promoting unity in this northwestern frontier of the country.

    Workers arrange fabrics at a workshop of an industrial park in Hotan, northwest China’s Xinjiang Uygur Autonomous Region, June 27, 2025. [Photo/Xinhua]

    China has been implementing the “pairing assistance” program in Xinjiang since 1997. In 2010, a new round of pairing assistance was launched, involving central and state organs, centrally administered state-owned enterprises, and 18 provinces, municipalities and the city of Shenzhen.

    This cross-regional endeavor, which sees those involved channeling 80 percent of their annual assistance funds to county-level and grassroots projects dedicated to livelihood improvement, has become a national strategy vital for prosperity and stability in economic backwaters.

    Seeding self-sufficiency 

    “Providing money is good, but building a solid industry is better,” said a veteran aid official, capturing the essence of pairing assistance for Xinjiang — transitioning from dependency on external support to fostering endogenous growth momentum.

    Although Xinjiang is a major cotton-producing region known for its high-quality cotton, its textile industry faces several challenges due to its weak technological capacity and limited industrial upgrading.

    When the Beijing assistance team invited a Guangdong-based textile industrial internet company to Hotan last August, they brought more than just machinery. The company from south China instead fostered an integrated supply ecosystem, spanning e-commerce, fabric weaving and dyeing, as well as facilitating high-quality fashion garment production.

    Tursuntohti is among some 700 new employees for the first phase of the project. “I saw the job posting in February and decided to apply,” she said. Once fully operational, the project is expected to create more than 3,000 jobs, support over 200 apparel firms, and boost regional industrial output by more than 3 billion yuan annually, Huang Haoming, executive of the project, revealed.

    In 2024, the region’s cotton and textile industry had generated an output value of 220 billion yuan and provided jobs for over 1 million people.

    Meanwhile, agricultural scientists have targeted Kashgar’s highly saline-alkali wasteland. Faced with a desolate landscape, they introduced customized soil treatments — which have resulted in 200 mu (approximately 13.3 hectares) of silage corn springing to life via a seedling success rate of 95 percent, proving a lifeline for farmers like Yasen.

    “We used to watch seedlings die, but now our green fields yield corn, and we can even plant winter wheat to enrich the soil,” he said.

    A technician (2nd R) trains locally recruited agricultural workers at a smart workshop for plant cultivation in Aksu, northwest China’s Xinjiang Uygur Autonomous Region, June 25, 2025. [Photo/Xinhua]

    Ren Gengpo, a member of Shanghai’s assistance team who currently serves as deputy director of Kashgar’s bureau of industry and information technology, credited 29,000 local jobs to such locally-grounded projects capitalizing on regional strengths, including a “Chief Service Officer” system matching coastal expertise to Xinjiang’s resources.

    “More locals are securing steady jobs right in their neighborhoods,” Ren noted.

    Nurturing homegrown talent 

    At the remote county hospital of Habahe in Xinjiang’s Altay Prefecture, orthopedic scans now reveal fractures in precise 3D detail, while high-resolution color ultrasound makes for clearer and more intuitive diagnosis of pediatric conditions.

    “Smart diagnosis facilitates real-time data sharing between doctors, thus enabling cross-regional diagnosis that enhances medical care accessibility, upskills local clinicians, and cuts patient costs,” said Zhang Jing, a medical assistance practitioner from Jilin Province in northeast China, whose team has delivered many intelligent medical equipment items.

    Xinjiang’s development has long benefited from nationwide talent exchange endeavors. Today, notably, digital tools are transforming traditional aid models into scalable, tech-driven partnerships.

    When an aid team from east China’s Hangzhou, the country’s e-commerce, livestreaming, fintech and AI heartland, noticed youth in Aksu in Xinjiang hawking fruit on social media, they built an e-commerce incubator and partnered with top multi-channel network (MCN) agencies to train local talent.

    Mirzat Kamil, who returned home after seeing that many there were selling farm goods via live-streaming, joined the “Dandelion Project,” which enabled him to learn digital marketing skills and become a top regional e-commerce influencer within a year. “These training programs opened new doors for me,” he said.

    Mirzat Kamil promotes local agricultural products via live-streaming at a logistics park in Aksu, northwest China’s Xinjiang Uygur Autonomous Region, June 23, 2025. [Photo/Xinhua]

    “Local e-commerce talents like Kamil are planting seeds of prosperity across our region,” said Yang Zhe, Aksu’s e-commerce director. With Hangzhou’s support, Aksu has partnered with Alibaba and social e-commerce firm Yowant Technology to launch training programs. By 2024, more than 9,500 professionals had been trained — creating 30,000 jobs.

    Even classrooms have been transformed via “teacher studios.” Ni Yuan, a teacher from Tianjin Municipality in north China, who was posted to the first primary school of Qira County in Hotan to serve as its deputy principal, mentored local teachers like Sadinisa Abdulla while also launching art programs.

    “She raised our teaching quality through professional excellence,” Abdulla noted. “We’ve learned a lot from her.”

    Over the past five years, teachers in Xinjiang have received training on a total of more than 200,000 occasions.

    Henan Province in central China also deserves a mention here, having deployed scientists and engineers across multiple sectors, while providing skills training for more than 78,000 people in fields such as logistics and law.

    Weaving stronger bonds 

    In recent years, partnerships between Xinjiang and supporting provinces and cities have expanded from government projects to business and cultural exchanges. Beyond bricks, mortar and jobs, the pair-up program has strengthened ethnic unity — with all ethnic groups striving together like pomegranate seeds.

    When Abudushuqur Nurahmat, a middle school student from Kashgar’s Yecheng County, joined a study trip to Beijing last summer, Tian’anmen Square, the Forbidden City, the Great Wall and other places he’d only seen in textbooks came to life in vivid detail. “Watching the flag-raising at Tian’anmen Square made me feel incredibly proud,” he recalled.

    Since 2023, provinces and cities supporting Xinjiang have organized tens of thousands of local residents and youth from various ethnic groups to visit historical sites and top universities across China.

    Grassroots bonds have also flourished. Tianjin schools partnered with Hotan counties, Jiangxi in east China hosted football exchanges for ethnic minority juveniles from Kirgiz Autonomous Prefecture of Kizilsu, while Henan built 100 libraries in Hami honoring national role model Jiao Yulu, a county cadre known for his selfless devotion to the people.

    An aerial drone photo taken on July 4, 2025 shows a high school supported by Taizhou of east China’s Jiangsu Province, in Zhaosu, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]

    In addition to such cultural exchanges, improved logistics have also helped to strengthen daily connections. At a Xinjiang product exhibition and sales center in the Guangdong-Hong Kong-Macao Greater Bay Area in south China, premium Xinjiang goods like walnuts, fruits and mutton flew off shelves. Meanwhile, in Kashgar, located 5,000 km away, customers can easily order Cantonese dishes, appliances and clothing online through the same cross-regional trade platform.

    Supporting provinces and cities have even pooled resources beyond assigned pairings. Musicians of the Cixi Celadon Ou Music Troupe from east China’s Zhejiang Province performed ancient melodies in Beijing-supported Hotan this June, an artistic bridge thrilling locals like Ibrahim Hamit. “The show was both an artistic treat and a profound experience of China’s rich cultural diversity,” he said, while adding that he was hoping for more such exchanges.

    Shandong Province, in east China, landed a 300,000-tonne titanium dioxide project in Shanghai-supported Bachu County, while Jiangsu, also in east China, paired with Ili in northern Xinjiang and helped launch 21 textile enterprises in southern Xinjiang. This innovative collaboration model combines funding, technology and expertise from supporting provinces with Xinjiang’s resources and policies — creating mutual benefits.

    “We’re helping Xinjiang grow its own future,” said a veteran aid official. 

    MIL OSI China News

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for July 8, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on July 8, 2025.

    Being kind to people – the new challenge for the public service
    Source: The Conversation (Au and NZ) – By Jennifer Smith-Merry, Director, Centre for Disability Research and Policy, University of Sydney When Labor was re-elected in May, Prime Minister Anthony Albanese used his acceptance speech to describe the type of country he wanted to lead. He spoke of how the Australian people had voted for fairness,

    It’s harder than you think to become a top sports official in football, soccer and the rugby codes
    Source: The Conversation (Au and NZ) – By Kath O’Brien, Senior Lecturer – Faculty of Health (School Exercise & Nutrition Sciences), Queensland University of Technology Brendon Thorne/Getty Images Sport officials, regardless of which code they supervise, are appointed to be impartial figures. They have to quickly interpret infractions, adjudicate rules and communicate commands, all while

    First it was ‘protein goals’, now TikTok is on about ‘fibre goals’. How can you meet yours?
    Source: The Conversation (Au and NZ) – By Saman Khalesi, Senior Lecturer and Head of Course Nutrition, HealthWise Research Group Lead, Appleton Institute,, CQUniversity Australia Westend61/Getty Images “Protein goals” have long been a thing on TikTok and Instagram. But now social media users are also talking about “fibre goals”. This reflects a positive broader shift

    Bougainville election process begins as writs issued for September poll
    RNZ Pacific The Bougainville election process begins today with the issuance of the writs yesterday. Nominations open Tuesday, July 8, and close on Thursday, July 10. Voting is scheduled for one week starting on September 2, allowing seven weeks of campaigning. Candidates will be vying for a total of 46 seats, with the autonomous Parliament

    Australia is set to get more AI data centres. Local communities need to be more involved
    Source: The Conversation (Au and NZ) – By Bronwyn Cumbo, Transdisciplinary social researcher and lecturer, University of Technology Sydney A Google data centre in Hertfordshire, United Kingdom. Richard Newstead/Getty Data centres are the engines of the internet. These large, high-security facilities host racks of servers that store and process our digital data, 24 hours a

    How can you keep kids off screens during the winter holidays?
    Source: The Conversation (Au and NZ) – By Victoria Minson, Senior Lecturer in Early Childhood Education, Australian Catholic University Pieter Bruegel the Elder, Children’s Games, 1560. ©KHM-Museumsverband, CC BY-NC The winter school holidays can be a tricky time for families. Parents are often juggling work and chilly conditions make it easy for kids to end

    Quitting the quit-aid: people trying to stop vaping nicotine need more support – here are some strategies to help
    Source: The Conversation (Au and NZ) – By Joya Kemper, Associate Professor in Marketing, University of Canterbury Getty Images New Zealand is among a number of countries that encourage vaping (the use of e-cigarettes) as a tool to help people stop smoking tobacco. But what happens when people want to quit vaping? Nicotine vapes can

    If you have a pet as a kid, does this lower your risk of asthma and eczema?
    Source: The Conversation (Au and NZ) – By Samantha Chan, Immunology and Allergy Lead, Snow Centre for Immune Health, WEHI (Walter and Eliza Hall Institute of Medical Research) Catherine Delahaye/Getty Images As the number of people with allergies grows worldwide, scientists are trying to work out precisely how and why these conditions – such as

    A top court has urged nations to clamp down on fossil fuel production. When will Australia finally start listening?
    Source: The Conversation (Au and NZ) – By Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney GREG WOOD/AFP via Getty Images As Climate Change and Energy Minister Chris Bowen tours the Pacific this week to spruik his government’s commitment to climate action, fossil fuel exporters such as Australia are under unprecedented

    Kumanjayi Walker inquest: racism and violence, but findings too little and too late
    Source: The Conversation (Au and NZ) – By Thalia Anthony, Professor of Law, University of Technology Sydney First Nations people please be advised this article speaks of racially discriminating moments in history, including the distress and death of First Nations people. The inquest findings into the death of 19-year-old Kumanjayi Walker are among the most

    Cape Town’s sewage treatment isn’t coping: scientists are worried about what the city is telling the public
    Source: The Conversation (Au and NZ) – By Lesley Green, Professor of Earth Politics and Director: Environmental Humanities South, University of Cape Town Urban water bodies – rivers, lakes and oceans – are in trouble globally. Large sewage volumes damage the open environment, and new chemicals and pharmaceutical compounds don’t break down on their own.

    View from The Hill: Albanese’s Curtin speech becomes latest political football in debate over US relationship
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Anthony Albanese seems to find himself on eggshells whenever the Australian-American relationship comes up. After the G7 debacle, he’s persistently pursued – to his obvious irritation – by journalists asking when he’ll have his first face-to-face meeting with Donald Trump.

    A Shakespearean, small-town murder: why Australia became so obsessed with the Erin Patterson mushroom case
    Source: The Conversation (Au and NZ) – By Xanthe Mallett, Criminologist, CQUniversity Australia The “mushroom murder trial”, as it has popularly become known, has gripped Australia over the past 11 weeks. More than that, it’s prompted worldwide headlines, multiple daily podcasts, and even YouTube videos of self-proclaimed “body language experts” assessing defendant Erin Patterson’s every

    Peter Russell-Clarke’s greatest gift was how he made you feel like one of the family
    Source: The Conversation (Au and NZ) – By Wendy Hunt, Senior Lecturer, Academic Chair, Food Science and Nutrition, Murdoch University Impressions/Getty Images Throughout my teenage years, our lounge room sang “Come and get it, come and get it” and all in earshot would carol back, “with Peter. Russell. Clarke!” The chef, restaurateur, cookbook author and

    Sleep divorce: could sleeping separately from your partner lead to a better night’s rest?
    Source: The Conversation (Au and NZ) – By Alix Mellor, Research Fellow, Psychology, Monash University Cemile Bingol/Getty Images Hundreds of years ago, it was common for married couples among the European upper classes to have separate bedrooms. Sleeping separately was a symbol of luxury and status historically reserved for royalty and the very wealthy. Nowadays,

    A test of political courage: Yoorrook’s final reports demand action, not amnesia
    Source: The Conversation (Au and NZ) – By Jeremie M Bracka, Law Lecturer and Transitional Justice Academic, RMIT University Australia’s colonial era may be formally over but its legacies of inequality, land dispossession and systemic racism continue to shape daily life for First Peoples. Last week, the Victorian Yoorrook Justice Commission delivered its two final

    Erin Patterson has been found guilty in the mushroom murder trial. Legal experts explain why
    Source: The Conversation (Au and NZ) – By Rick Sarre, Emeritus Professor in Law and Criminal Justice, University of South Australia After seven weeks of evidence, six days of summing up, and six and a half days of jury deliberation in the Victorian Supreme Court sitting in Morwell, Victoria, the verdict is finally in. Erin

    In Texas, parents search flood debris for missing kids. Are Australians ready for our own sudden floods?
    Source: The Conversation (Au and NZ) – By Erica Kuligowski, Vice-Chancellor’s Senior Research Fellow, School of Engineering, RMIT University Harrowing stories are emerging in the wake of catastrophic and sudden flooding over the fourth of July weekend in Texas – where many people were camping, and children were at riverside summer camp. More than 80

    What is rejection sensitive dysphoria in ADHD? And how can you manage it?
    Source: The Conversation (Au and NZ) – By Victoria Barclay-Timmis, Adjunct Lecturer in Psychology, University of Southern Queensland Vitalii Khodzinskyi/Unsplash Imagine your friend hasn’t replied to a message in a few hours. Most people might think, “they are probably just busy”. But someone with attention-deficit hyperactivity disorder (ADHD) might spiral into a flood of thoughts

    NZDF not considering recruiting personnel from Pacific nations
    By Caleb Fotheringham, RNZ Pacific journalist The New Zealand Defence Force (NZDF) is not considering recruiting personnel from across the Pacific as talk continues of Australia doing so for its Defence Force (ADF). In response to a question from The Australian at the National Press Club in Canberra about Australia’s plans to potentially recruit from

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