Category: United States of America

  • MIL-OSI USA: Governor Newsom signs legislation 5.28.25

    Source: US State of California 2

    May 28, 2025

    SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bill:

    SB 49 by Senator Shannon Grove (R-Bakersfield) – Tribal gaming: compact and amendment ratification.

    For full text of the bill, visit: leginfo.legislature.ca.gov

    Press releases, Recent news

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today issued an emergency proclamation for Trinity County to assist in recovery from the December 2024 winter storms that caused significant damage to the local area. The emergency proclamation authorizes the Governor’s Office…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025, as “Jewish American Heritage Month.”The text of the proclamation and a copy can be found below PROCLAMATIONThroughout our history, generations of Jewish immigrants…

    News What you need to know: Since Governor Newsom launched the joint law enforcement efforts in Bakersfield, Oakland, and San Bernardino, officers have conducted 6,727 arrests, recovered 4,842 stolen vehicles, and confiscated 313 illicit firearms, reducing crime in…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom issues emergency proclamations for Trinity and San Joaquin counties to support recovery

    Source: US State of California 2

    May 28, 2025

    SACRAMENTO – Governor Gavin Newsom today issued an emergency proclamation for Trinity County to assist in recovery from the December 2024 winter storms that caused significant damage to the local area. 

    The emergency proclamation authorizes the Governor’s Office of Emergency Services to provide assistance to Trinity County under the California Disaster Assistance Act, among other provisions.

    Governor Newsom additionally issued an emergency proclamation for San Joaquin County to assist in recovery from the October 2024 Victoria Island Levee failure. 

    The emergency proclamation authorizes the Governor’s Office of Emergency Services to provide assistance to San Joaquin under the California Disaster Assistance Act, among other provisions.

    The text of today’s emergency proclamations for Trinity and San Joaquin counties can be found here and here, respectively.

    Recent news

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025, as “Jewish American Heritage Month.”The text of the proclamation and a copy can be found below PROCLAMATIONThroughout our history, generations of Jewish immigrants…

    News What you need to know: Since Governor Newsom launched the joint law enforcement efforts in Bakersfield, Oakland, and San Bernardino, officers have conducted 6,727 arrests, recovered 4,842 stolen vehicles, and confiscated 313 illicit firearms, reducing crime in…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 26, 2025, as “Memorial Day.”The text of the proclamation and a copy can be found below: PROCLAMATIONOn Memorial Day, we remember those who laid down their lives in defense of…

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom proclaims Jewish American Heritage Month 2025

    Source: US State of California 2

    May 28, 2025

    Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 2025, as “Jewish American Heritage Month.”

    The text of the proclamation and a copy can be found below

    PROCLAMATION

    Throughout our history, generations of Jewish immigrants fleeing persecution have sought the promise of freedom and opportunity to start life anew in America. California is home to the second-largest Jewish population in the U.S., with thriving communities across the state. This month, we recognize the enduring faith, perseverance, and resilience of the Jewish people and celebrate the ways in which Jewish Americans enrich our culture, politics, civil society, and countless other areas.

    California is indelibly intertwined with and improved by the Jewish community, a community that has been part of this state since the very first days of our statehood. Jewish Californians have played pivotal roles in social movements, including the fight for civil rights through organizations like the Los Angeles and Bay Area Jewish Community Relations Councils. Film producer Carl Laemmle helped define the film industry, producing over 400 films, including Dracula and The Phantom of the Opera. California is not the state, nor is it the global force it is today, without the many contributions of the Jewish community.

    As we celebrate these accomplishments, we must also recognize the bigotry and violence that Jewish people have faced throughout history, and that shamefully persist to this day. Amid brazen displays of antisemitic hate, California is taking action to protect our communities and ensure that future generations never forget the lessons of the past.

    This year, the Council on Holocaust and Genocide Education released its report on the status of genocide education in California and its recommendations to better prepare people to recognize and respond to instances of antisemitism and bigotry.

    The report goes hand in hand with state work and investments to address existing antisemitism and keep people safe. We have released California’s first-ever plan to counter antisemitism in all its forms, advanced major investments to increase security at houses of worship and other at-risk cultural centers, funded anti-hate programs that combat intolerance and support victims, and launched the CA vs. Hate Resource Line and Network statewide to provide a safe, anonymous reporting option for victims and witnesses of hate acts.

    California will continue to lead the fight to confront all forms of racial, ethnic, and religious hate across our society with education and empathy. This Jewish American Heritage Month, let us pay tribute to the many and varied contributions of the Jewish people to our California story and celebrate our shared commitment to pluralism, cultural diversity, and religious freedom.

    NOW THEREFORE I, GAVIN NEWSOM, Governor of the State of California, do hereby proclaim May 26, 2025 as “Jewish American Heritage Month.”

    IN WITNESS WHEREOF I have hereunto set my hand and caused the Great Seal of the State of California to be affixed this 27th day of May 2025.

    GAVIN NEWSOM
    Governor of California

    ATTEST:
    SHIRLEY N. WEBER, Ph.D.
    Secretary of State

    Recent news

    News What you need to know: Since Governor Newsom launched the joint law enforcement efforts in Bakersfield, Oakland, and San Bernardino, officers have conducted 6,727 arrests, recovered 4,842 stolen vehicles, and confiscated 313 illicit firearms, reducing crime in…

    News Sacramento, California – Governor Gavin Newsom today issued a proclamation declaring May 26, 2025, as “Memorial Day.”The text of the proclamation and a copy can be found below: PROCLAMATIONOn Memorial Day, we remember those who laid down their lives in defense of…

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Andrew “Tristan” Peery, of Sacramento, has been appointed Senior Product Manager at the Office of Data and Innovation. Peery has been Director of Web and Interactive Communications at…

    MIL OSI USA News

  • MIL-OSI: Defiance Launches CVNX: The First 2X Long ETF for Carvana Co.

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, May 29, 2025 (GLOBE NEWSWIRE) — Defiance ETFs introduces CVNX, the Defiance Daily Target 2X Long CVNA ETF (CVNX), a 2X leveraged single-stock ETF designed to provide amplified exposure to Carvana Co. (NYSE: CVNA). This ETF offers traders a way to pursue enhanced upside potential in Carvana without the need for a margin account.

    CVNX seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Carvana Co., a trailblazer in the digital transformation of used-car retail.

    “The Defiance Daily Target 2X Long CVNA ETF (CVNX) unleashes the full throttle of Carvana’s meteoric rise—up nearly 200% in the last year with Q1 2025 revenue smashing $4.23 billion. This ETF is built for savvy traders ready to amplify their stake in a company that’s rewriting the rules of used-car retail. With CVNA’s relentless growth, we’re giving investors the tools to seize this moment and ride the wave of automotive disruption.”
    Sylvia Jablonski, CEO and CIO, Defiance ETFs

    For more information, visit DefianceETFs.com.

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of the Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged (2X) investment results, understand the risks associated with the use of leverage, and are willing to monitor their portfolios frequently. For periods longer than a single day, the Fund will lose money if the Underlying Security’s performance is flat, and it is possible that the Fund will lose money even if the Underlying Security’s performance declines over a period longer than a single day. An investor could lose the full principal value of their investment within a single day.

    An investment in CVNX is not an investment in Carvana Co.

    About Defiance ETFs

    Founded in 2018, Defiance is at the forefront of ETF innovation. Defiance is a leading ETF issuer specializing in thematic, income, and leveraged ETFs. Our first-mover leveraged single-stock ETFs empower investors to take amplified positions in high-growth companies, providing precise leverage exposure without the need to open a margin account.

    IMPORTANT DISCLOSURES

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company. Please read the prospectus and / or summary prospectus carefully before investing. Hard copies can be requested by calling 833.333.9383.

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    Total return represents changes to the NAV and accounts for distributions from the fund.

    CVNA Risks: The Fund invests in swap contracts and options that are based on the share price of CVNA. This subjects the Fund to certain of the same risks as if it owned shares of CVNA even though it does not.

    Indirect Investment Risk. CVNA is not affiliated with the Trust, the Fund, or the Adviser, or their respective affiliates and is not involved with this offering in any way and has no obligation to consider your Shares in taking any corporate actions that might affect the value of Shares.

    Trading Risk. The trading price of the Fund may be subject to volatility and could experience wide fluctuations due to various factors. Short sellers may also play a significant role in trading CVNA, potentially affecting the supply and demand dynamics and contributing to market price volatility. Public perception and external factors beyond the company’s control may influence CVNA’s stock price disproportionately.

    Performance Risk. CVNA may fail to meet publicly announced guidelines or other expectations about its business, which could cause the price of CVNA to decline.

    Automotive Industry Risk. The automotive retail industry is subject to significant risks that can impact both profitability and competitiveness. The industry is highly dependent on consumer demand, which can be influenced by various factors such as economic conditions, consumer confidence, fuel prices, and preferences for particular vehicle types.

    Additional Risks:

    Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (200%) the Underlying Security’s performance, before the Fund’s management fee and other expenses.

    Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An investment in the Fund is exposed to the risk that a decline in the daily performance of the Underlying Security will be magnified.

    Derivatives Risk. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risks related to the market, leverage, imperfect daily correlations with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation, and legal restrictions.

    Swap Agreements. The use of swap transactions is a highly specialized activity, which involves investment techniques and risks different from those associated with ordinary portfolio securities transactions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in derivatives which exposes the Fund to the risk that the counterparty will not fulfill its obligation to the Fund.

    Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed-income securities owned by the Fund.

    Liquidity Risk. Some securities held by the Fund may be difficult to sell or be illiquid, particularly during times of market turmoil. Markets for securities or financial instruments could be disrupted by a number of events, including, but not limited to, an economic crisis, natural disasters, epidemics/pandemics, new legislation, or regulatory changes inside or outside the United States.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Diversification does not ensure a profit nor protect against loss in a declining market. Brokerage Commissions may be charged on trades.

    Distributed by Foreside Fund Services, LLC

    Contact Information
    David Hanono
    info@defianceetfs.com
    833.333.9383

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9cbde05-7266-4bc8-9d94-24ec43e4a822

    The MIL Network

  • MIL-OSI: Yuanbao Inc. to Announce First Quarter 2025 Financial Results on Thursday, June 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 29, 2025 (GLOBE NEWSWIRE) — Yuanbao Inc. (“Yuanbao” or the “Company”) (NASDAQ: YB), a leading technology-driven online insurance distributor in China, today announced that it will release its first quarter 2025 unaudited financial results on Thursday, June 5, 2025, before the open of the U.S. markets.

    The Company’s management will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on June 5, 2025 or 8:00 P.M. Beijing Time to discuss the financial results.

    Participants should complete online registration using the link provided below at least 15 minutes before the scheduled start time. Upon registration, participants will receive the conference call access information, including dial-in numbers, a personal PIN and an e-mail with detailed instructions to join the conference call.

    Participant Online Registration:
    https://register-conf.media-server.com/register/BIa888df307303472fb71951c383b5a7ba

    Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at ir.yb-inc.com.

    About Yuanbao Inc.

    Yuanbao Inc. is a leading technology-driven online insurance distributor in China, committed to protecting health and well-being through innovative technology. Leveraging its proprietary consumer service cycle engine and advanced technologies, Yuanbao delivers customized insurance solutions from its partnered insurance carriers to over ten million insurance consumers throughout the entire insurance lifecycle, ranging from personalized recommendations to post-sales services. Through deep collaboration with insurance carriers and the use of data-driven insights, Yuanbao empowers carriers to tailor flagship products, enhances consumer engagement, and drives scalable and efficient distribution.

    For more information, please visit ir.yb-inc.com.

    For investor and media inquiries, please contact:

    In China:

    Yuanbao Inc.
    E-mail: ir@yb-inc.com

    Piacente Financial Communications
    Hui Fan
    Tel: +86-10-6508-0677
    E-mail: yb@thepiacentegroup.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: yb@thepiacentegroup.com

    The MIL Network

  • MIL-OSI Global: Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs

    Source: The Conversation – Global Perspectives – By Susan Stone, Credit Union SA Chair of Economics, University of South Australia

    A United States court has blocked the so-called “Liberation Day” tariffs that US President Donald Trump imposed on imported goods from around 90 nations. This puts implementation of Trump’s current trade policy in disarray.

    The Court of International Trade ruled the emergency authority Trump used to impose the tariffs could not override the role of Congress, which has the right to regulate commerce with other countries.

    Tariffs imposed via other legislative processes – such as those dealing with cars, steel and aluminium – continue to stand. But the broad-based “reciprocal” tariffs will need to be removed within ten days of the court’s ruling. Trump administration officials have already filed plans to appeal.

    The ruling calls into question trade negotiations underway with more than 18 different nations, which are trying to lower these tariffs. Do these countries continue to negotiate or do they wait for the judicial process to play out?

    The Trump administration still has other mechanisms through which it can impose tariffs, but these have limits on the amount that can be imposed, or entail processes which can take months or years. This undermines Trump’s preferred method of negotiation: throwing out large threats and backing down once a concession is reached.

    Emergency powers were a step too far

    The lawsuits were filed by US importers of foreign products and some US states, challenging Trump’s use of the International Emergency Economic Powers Act of 1977.

    The lawsuits argued the national emergencies cited in imposing the tariffs – the trade deficit and the fentanyl crisis – were not an emergency and not directly addressed by the tariff remedy. The court agreed, and said by imposing tariffs Trump had overstepped his authority.

    The ruling said the executive orders used were “declared to be invalid as contrary to law”.

    The act states the president is entitled to take economic action in the face of “an unusual and extraordinary threat”. It’s mainly been used to impose sanctions on terrorist groups or freeze assets from Russia. There’s nothing in the act that refers to tariffs.

    The decision means all the reciprocal tariffs – including the 10% tariffs on most countries, the 50% tariffs Trump was talking about putting on the EU, and some of the Chinese tariffs – are ruled by the court to be illegal. They must be removed within 10 days.

    The ruling was based on two separate lawsuits. One was brought by a group of small businesses that argued tariffs materially hurt their business. The other was brought by 12 individual states, arguing the tariffs would materially impact their ability to provide public goods.

    Some industry tariffs will remain in place

    The ruling does not apply to tariffs applied under Section 201, known as safeguard tariffs. They are intended to protect industries from imports allegedly being sold in the US market at unfair prices or through unfair means. Tariffs on solar panels and washing machines were brought under this regulation.

    Also excluded are Section 232 tariffs, which are applied for national security reasons. Those are the steel and aluminium tariffs, the automobile and auto parts tariffs. Trump has declared all those as national security issues, so those tariffs will remain.

    Most of the tariffs against China are also excluded under Section 301. Those are put in place for unfair trade practices, such as intellectual property theft or forced technology transfer. They are meant to pressure countries to change their policies.

    Other trade investigations are still underway

    In addition, there are current investigations related to copper and the pharmaceuticals sector, which will continue. These investigations are part of a more traditional trade process and may lead to future tariffs, including on Australia.

    The Trump administration is still weighing possible sector-specific tariffs on pharmaceuticals.
    Planar/Shutterstock

    Now for the appeals

    The Trump administration has already filed its intention to appeal to the federal appeals court. This process will take some time. In the meantime, there are at least five other legal challenges to tariffs pending in the courts.

    If the appeals court provides a ruling the Trump administration or opponents don’t like, they can appeal to the Supreme Court.

    Alternatively, the White House could direct customs officials to ignore the court and continue to collect tariffs.

    The Trump administration has ignored court orders in the past, particularly on immigration rulings. So it remains to be seen if customs officials will release goods without the tariffs being paid in ten days’ time.

    The administration is unlikely to lie down on this. In addition to its appeal process, officials complained about “unelected judges” and “judicial overreach” and may contest the whole process. The only thing that continues to be a certainty is that uncertainty will drive global markets for the foreseeable future.

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

    ref. Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs – https://theconversation.com/trumps-global-trade-plans-are-in-disarray-after-a-us-court-ruling-on-liberation-day-tariffs-257812

    MIL OSI – Global Reports

  • MIL-OSI USA: Arkansas’ Credit Rating Rises Under Gov. Sanders’ Leadership

    Source: US State of Arkansas

    Arkansas’ Credit Rating Rises Under Gov. Sanders’ Leadership

    S&P raises to AA+, highest since 1966

    LITTLE ROCK, Ark. – S&P Global Ratings and Moody’s Ratings both released their outlook on the State of Arkansas’ creditworthiness. S&P raised its long-term rating on state general obligation bonds to AA+ – the highest since 1966 – and affirmed the state’s stable outlook. Moody’s affirmed Arkansas’ Aa1 issuer rating.

    These strong ratings from two of the world’s leading credit rating agencies emphasize Arkansas’ steady budget management and make it more affordable for the State to issue bonds.
     
    “Good leadership matters, and when Arkansas is able to cut taxes, invest in priorities, and grow our reserve funds – all at the same time – it just proves that our conservative economic agenda is working,” said Governor Sanders. “Today’s announcement is more than just a seal of approval on our financial discipline; it also shows potential investors that we are an excellent state for their business.”
     
    “In our conversations with both S&P and Moody’s we pointed to the strength of the state’s balance sheet, including the addition of the $1 billion Arkansas Reserve Fund, Governor Sander’s leadership in cutting taxes by more than 20% in just two years, our growing steel and lithium industries, and the booming metropolitan area in Northwest Arkansas,” said Department of Finance and Administration Secretary Jim Hudson. “S&P’s and Moody’s ratings tell us that we are on the right track in Arkansas.”
     
    S&P and Moody’s favorable ratings will have an immediate benefit to the state in connection with a planned $25 million bond issuance through the Arkansas Natural Resources Commission for irrigation, water, and wastewater projects.      
     
    A full list of state credit ratings from S&P Global is available here.
     
    A full list of state credit ratings from Moody’s is here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Sanders, ANRC Announce an Additional $13 Million in Arkansas Water Projects

    Source: US State of Arkansas

    LITTLE ROCK, Ark. — On Wednesday, Governor Sarah Huckabee Sanders announced an additional $13,680,374 in financial assistance for water and wastewater projects for 12 entities. The projects serve more than 42,288 Arkansans across the state. The Arkansas Natural Resources Commission approved this funding on May 21, 2025.
     
    “My administration is working hard to improve Arkansas’ water systems, and this additional $13 million in funding will help communities around the state have access to safe drinking water,” said Governor Sanders. “Arkansans are counting on their local water utilities to deliver consistent and safe water, which is why we have gone above and beyond to overhaul and improve Arkansas’ water resources.”
     
    “Adequate water and wastewater infrastructure is critical,” said Arkansas Secretary of Agriculture Wes Ward. “Thank you to Governor Sanders for her continued leadership on an issue that impacts the economic viability of our state and the quality of life of every Arkansan.” 

    “Access to dependable water and wastewater systems is essential for the well-being of Arkansans and the growth of our communities,” said Chris Colclasure, Director of the Arkansas Department of Agriculture’s Natural Resources Division. “The projects approved today will provide substantial benefit to the citizens served.”

    In August, Governor Sanders announced the first phase of the Arkansas Water Plan has been completed by the Arkansas Department of Agriculture, along with the U.S. Army Corps of Engineers (USACE). Along with state partners, Governor Sanders has administered over $2.5 billion for water development projects in all 75 counties using state and federal funds.

    The projects receiving funding are below:

    • The Arkansas Department of Energy and Environment, received a $1,805,421 grant from the Drinking Water State Revolving Fund set asides from the Arkansas Department of Health. These funds will be used for a statewide PFAS detection program bank.
    • The Arkansas Rural Water Association, received two grants: a $125,000 grant and a $65,000 grant both from the Water Development Fund. These funds will be used for a circuit rider grant agreement and technical assistance.
    • Banks, Bradley County, received a $95,384 grant from the Water, Sewer, and Solid Waste Fund. The project serves a current customer base of 1,048. These funds will be used as part of a regionalization project with the Southeast Bradley County Water Authority.
    • Cushman, Independence County, received a $140,000 loan from the Drinking Water State Revolving Fund. The project serves a current customer base of 433. These funds will be used for Water System Improvement project including renovation of booster stations.
    • Flippin, Marion County, received a $2,500,000 loan from the Drinking Water State Revolving Fund. The project serves a current customer base of 1,836. These funds will be used for water system improvements including water main and meter replacements.
    • Gillett, Arkansas County, received a $448,000 loan from the Drinking Water State Revolving Fund. The project serves a current customer base of 333. These funds will be used for construction of an elevated water storage tanks.
    • Hampton, Calhoun County, received a $221,700 grant from the Sewer Overflow and Storm Water Reuse Municipal Grant Program. The project serves a current customer base of 1,181. These funds will be used for a wastewater collection rehabilitation project.
    • Haskell, Saline County, received a $562,638 grant from the Sewer Overflow and Storm Water Reuse Municipal Grant Program. The project serves a current customer base of 3,956. These funds will be used for a sanitary sewer evaluation survey.
    • Nail Swain Water Association, Newton County, received a $41,037 loan from the Water Development Fund. The project serves a current customer base of 357. These funds will be used for a maintenance truck.
    • Sherwood, Pulaski County, receiveda $7,059,046 loan from the General Obligation Bond Fund. The project serves a current customer base of 32,731. These funds will be used for a Five Mile Creek interceptor rehabilitation.
    • The Watershed Conservation Resource Center, Washington County, received $299,092 grant from the Sewer Overflow and Storm Water Reuse Municipal Grant Program. These funds will be used to implement phase t• The Arkansas Department of Energy and Environment is receiving a $1,805,421 grant from the Drinking Water State Revolving Fund set asides from the Arkansas Department of Health. These funds will be used for a statewide PFAS detection program bank.
    • Weiner, Poinsett County, received a $318,057 loan from the Water, Sewer, and Solid Waste Fund. The project serves a current customer base of 413. These funds will be used for wastewater sludge holding pond renovations

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Sanders Announces Appointments

    Source: US State of Arkansas

    LITTLE ROCK, Ark.— Governor Sarah Huckabee Sanders today announced the following appointments:

    Arkansas Dietetics Licensing Board

    Detri Brech, Arkadelphia, to the Arkansas Dietetics Licensing Board. Term to expire January 14, 2030.  Replaces Rosalea Hyland.

    Amanda Dawson, Sherwood, to the Arkansas Dietetics Licensing Board. Term to expire January 14, 2030. Replaces Debra Head.

    Jeff Odom, Prairie Grove, to the Arkansas Dietetics Licensing Board. Term to expire January 14, 2030.  Replaces Lisa Fischer.

    Arkansas Economic Development Council

    John Newcomb, Osceola, to the Arkansas Economic Development Council. Term to expire January 14, 2029. Reappointment.

    Arkansas Forestry Commission

    John McAlpine, Monticello, to the Arkansas Forestry Commission.  Term to expire January 14, 2030.  Reappointment

    Arkansas Manufactured Home Commission

    Melody Bozza, Hensley, to the Arkansas Manufactured Home Commission. Term to expire September 1, 2027. Previously vacant position.

    Ricky Davis, Junction City, to the Arkansas Manufactured Home Commission. Term to expire September 1, 2028. Reappointment.

    Hal Hunnicut, Conway, to the Arkansas Manufactured Home Commission. Term to expire September 1, 2029.  Previously vacant position.

    Ed Spaeth, Greenbrier, to the Arkansas Manufactured Home Commission. Term to expire September 1, 2028. Reappointment.

    Matt White, Russellville, to the Arkansas Manufactured Home Commission. Term to expire September 1, 2027. Reappointment.

    Arkansas State Medical Board

    Sarah Bone, Little Rock, to the Arkansas State Medical Board. Term to expire December 31, 2028. Previously vacant position. 

    Arkansas State Occupational Therapy Examining Committee

    Scott Harmon, Enola, to the Arkansas State Occupational Therapy Examining Committee.  Term to expire March 1, 2029. Previously vacant position.

    Hannah King, Jonesboro, to the Arkansas State Occupational Therapy Examining Committee. Term to expire March 1, 2030.  Replaces Justin Brazeal.

    Arkansas Veterans’ Commission

    Martha Cothren, Little Rock, to the Arkansas Veterans’ Commission. Term to expire October 15, 2029. Replaces Kyle Moore.

    Brad Hegeman, Conway, to the Arkansas Veterans’ Commission. Term to expire October 15, 2025. Previously vacant position.

    Dianna Lankford, Bentonville, to the Arkansas Veterans’ Commission. Term to expire October 15, 2027. Previously vacant position.

    Monte Mills, Bella Vista, to the Arkansas Veterans’ Commission. Term to expire October 15, 2026. Previously vacant position.

    Arkansas Workforce Development Board

    Aaron Chastain, Paris, to the Arkansas Workforce Development Board. Term to expire May 1, 2027. Previously vacant position.

    Tim Thorne, Marion, to the Arkansas Workforce Development Board. Term to expire May 1, 2028. Previously vacant position. 

    Teri Cox-Meadows, Sherwood, to the Arkansas Workforce Development Board. Term to expire May 1, 2026. Previously vacant position. 

    Barry Sellers, Russellville, to the Arkansas Workforce Development Board. Term to expire May 1, 2027. Previously vacant position. 

    Board of Trustees of the Arkansas School for the Blind and the Arkansas School for the Deaf

    Phillip Miller, Searcy, to the Board of Trustees of the Arkansas School for the Blind and the Arkansas School for the Deaf.  Term to expire January 14, 2029.  Replaces Holley Mott.

    Philip Powell, Little Rock, to the Board of Trustees of the Arkansas School for the Blind and the Arkansas School for the Deaf. Term to expire January 14, 2030.  Reappointment.

    Board of Trustees of Arkansas Northeastern College

    Clifton Chitwood, Osceola, to the Board of Trustees of Arkansas Northeastern College. Term to expire December 31, 2028.  Reappointment.

    Billy Curl, Blytheville, to the Board of Trustees of Arkansas Northeastern College. Term to expire December 31, 2030. Replaces Daniel Ritchey.

    Michael Jacques, Gosnell, to the Board of Trustees of Arkansas Northeastern College. Term to expire December 31, 2030. Replaces Lowry Robinson.

    Board of Trustees of Northwest Arkansas Community College

    Ashley Pointer, Bentonville, to the Board of Trustees of Northwest Community College. Term to expire January 1, 2027. Previously vacant position.

    Martin Luther King Jr. Commission

    Joseph Whitfield, Helena, to the Martin Luther King, Jr. Commission. Term to expire September 1, 2025. Replaces Andy Montgomery.

    Old State House Commission

    Rebecca Gosnell, Magnolia, to the Old State House Commission. Term to expire March 19, 2033. Replaces Stacy DeJarnette.

    Suesann Viguet, Fort Smith, to the Old State House Commission. Term to expire March 19, 2034. Replaces Janet Hendren. 

    Oil and Gas Commission

    Lawrence Bengal, Little Rock, to the Oil and Gas Commission. Term to expire February 20, 2027.  Previously vacant position.

    Glen Fritsche, Fort Smith, as Special Commissioner, to hear Docket No. 032-2025-05.

    State Board of Appraisers, Abstracters, and Home Inspectors

    Michael Griffino, Fayetteville, to the State Board of Appraiser, Abstracters, and Home Inspectors. Term to expire April 15, 2027. Reappointment. 

    Sara Hawkins, Imboden, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2027. Reappointment.

    Daniel Storlie, Batesville, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2027. Reappointment. 

    Scott McKennon, Morrilton, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2027. Reappointment.

    Matt Muehler, Hot Springs, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2028. Previously vacant position. 

    Brian Hester, Fayetteville, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2028. Reappointment. 

    Julie Matthews, Jonesboro, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2028. Reappointment.

    Sara Jane Stephens, Little Rock, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2028. Reappointment. 

    Walter Loveless, Little Rock, to the State Board of Appraisers, Abstracters, and Home Inspectors. Term to expire April 15, 2028. Reappointment. 

    State Board of Health

    Dr. James Zini, Mountain View, to the State Board of Health. Term to expire December 31, 2028. Reappointment.

    Dr. Tina Ipe, Little Rock, to the State Board of Health. Term to expire December 31, 2028. Previously vacant position.

    Dr. Keith Davis, Smackover, to the State Board of Health. Term to expire December 31, 2028. Replaces Glen Byrant.

    Dr. Laura Moore, Little Rock, to the State Board of Health. Term to expire December 31, 2028. Replaces Carl Riddell.

    Darlene Byrd, Cabot, to the State Board of Health. Term to expire December 31, 2028. Previously vacant position.

    ###

    MIL OSI USA News

  • MIL-OSI USA: As President Trump Helps Storm-Impacted Arkansas Families, the State Steps Up for Damaged Communities

    Source: US State of Arkansas

    As President Trump Helps Storm-Impacted Arkansas Families, the State Steps Up for Damaged Communities

    LITTLE ROCK, Ark. – Following President Trump’s Major Disaster Declaration in response to Arkansas’ March 14-15 storms and tornadoes and his announcement that he would provide Individual Assistance to Arkansans impacted by these storms, Governor Sarah Huckabee Sanders today announced that the State will provide Public Assistance to storm-impacted county and local governments.
     
    “Arkansas is grateful for President Trump’s support as we continue to rebuild from this spring’s devastating tornadoes,” said Governor Sanders. “The State of Arkansas is going to step up to give additional assistance to our counties and cities to help pay for some of the costs incurred during storm cleanup efforts.”
     
    Arkansas Division of Emergency Management (ADEM) Public Assistance staff and Area Coordinators will coordinate projects based on the Preliminary Damage Assessment the State previously submitted to the Federal Emergency Management Agency (FEMA).
     
    When project work is complete, counties and cities will submit documentation to ADEM Public Assistance staff for all expenses incurred. Following ADEM’s review of those documents and inspection of project completion, the State will cover 35% of cleanup and rebuilding project costs.

    The proclamation activating the state Public Assistance program is linked here.

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    MIL OSI USA News

  • MIL-OSI USA: President Trump Delivers Assistance to Arkansans Recovering from April Storms

    Source: US State of Arkansas

    LITTLE ROCK, Ark. – President Donald J. Trump today announced that he will declare a Major Disaster in Arkansas for the state’s April 2 storms and flooding. Governor Sanders previously submitted a request for a Major Disaster Declaration in response to this storm.
     
    “President Trump stands with Arkansas. As we recover from a long series of severe weather events, our state is incredibly thankful for President Trump’s leadership and work to deliver aid to storm-impacted communities,” said Governor Sanders. “I have had continued conversations with the Trump Administration and Secretary Noem about their plans to reform FEMA and look forward to working with them to save money and get assistance directly in the hands of disaster victims.”
     
    As part of the Major Disaster declaration, President Trump will offer Individual Assistance to Arkansans impacted by these storms and Public Assistance for county and local government expenses related to storm recovery.

    MIL OSI USA News

  • MIL-OSI USA: The Fight for Alaska’s Future Begins in the Classroom

    Source: US State of Alaska Governor

    Fellow Alaskans,

    For far too long, we’ve been told that the answer to our education crisis is to simply spend more—more money, more bureaucracy, more time. And yet, here we are, after decades of such thinking, ranked 51st in the nation in reading and math according to the National Assessment of Educational Progress. That is not just a policy failure—it is a moral failure. And it’s exactly why I’ve been fighting every single day to change course and put our children first.

    I know this system intimately. Before I was your governor, I served as a public school teacher, a principal, a superintendent, a school board president, and later worked in the University of Alaska system. I’ve seen the good. I’ve seen the bad. And I’ve seen how far we’ve drifted from the real mission: preparing our children with the skills they need to succeed in life.

    That’s why I’ve pushed so hard to refocus our system on the basics—on reading, writing, and math. These are the foundations of everything else in education and life. Without them, our children fall behind not just in school, but in the workplace, in civic life, and in their ability to achieve their dreams.

    It’s also why I’ve championed expanding charter schools, which are delivering real results. A recent Harvard study ranked Alaska’s public charter schools among the very best in the country. These schools are innovating, achieving, and showing what is possible when families are given real choices and teachers are given the flexibility to teach. Yet every time we try to expand these options for more families, the same forces rise up in opposition.

    Let’s call them what they are: the Education Cabal. This entrenched coalition of special interests, lobbyists, and status quo defenders only seems to find their voice when there’s more money on the table. But where are they when Alaska’s students fall to the bottom of national rankings? Where are they when children graduate without being able to read proficiently or do basic math? Where were they when we needed them to support bold reform?

    And let’s be clear—this isn’t about being anti-teacher. I have the deepest respect for our educators. That’s why I fought for a historic teacher recruitment and retention incentive package for our teachers this year—to reward and retain those doing the hard work. But shockingly, that very same Education Cabal helped kill the incentive. They claim to support teachers—until real solutions are offered.

    Just look at what happened with the Alaska Reads Act, a major reform aimed at early literacy and accountability. It passed by one vote, at the last minute, because many in this entrenched system tried to block it. Why would anyone oppose a law designed to make sure children can read by third grade? That’s a question every parent and taxpayer should be asking.

    Why does this Cabal demand that your children attend failing schools, while some of them quietly send their own children to elite private institutions? Why are they fighting open enrollment, which gives families the freedom to choose the best public school for their kids? Why don’t more legislators feel the urgency of an education emergency when Alaska is dead last in reading and math?

    These are not rhetorical questions. These are the hard truths that need to be answered. And if the Education Cabal won’t answer them, then we as Alaskans must answer with action.

    We’ve also fought to support homeschooling families and rural parents who know best what their children need. Alaska has long been a leader in distance learning and parental engagement, and we should build on that strength, not stifle it. The more flexible and responsive our system is, the better it serves all our families—urban, rural, Native, and military.

    The fight I’ve been leading isn’t about politics—it’s about priorities. And my priority is simple: put our students first. That means supporting teachers who deliver results. That means empowering parents with choices. That means holding schools accountable for performance—not just enrollment. And yes, it means investing in education, but investing strategically, with every dollar tied to outcomes.

    We have a moral imperative to do better. To stop measuring success by how much money we spend and start measuring it by how well our students read, write, and reason. We have an obligation to say “no more” to a system that protects itself before it protects our kids.

    Other states have shown us the way. Mississippi, Florida, Arizona—states that were once at the bottom of the rankings—are now climbing fast because they embraced change. They focused on reading, empowered families, and raised expectations. If they can do it, so can we.

    It’s time for Alaska to stop being dead last. It’s time to stop listening to the voices that only shout when dollars are on the table and fall silent when children are falling behind. It’s time to join the ranks of those who choose courage over comfort, outcomes over rhetoric, and students over systems.

    This fight is not over. Not even close. And I will continue to stand with every parent, teacher, and student who believes that Alaska’s future is worth fighting for. Because it is.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Arbor Day

    Source: US State of Alaska Governor

    WHEREAS, Arbor Day was first recognized by the State of Alaska in 1966 with the intent to increase public awareness of the importance of the conservation and propagation of trees and forests to the ecosystem and the daily life of the citizens of Alaska; and

    WHEREAS, since then, the purpose of Arbor Day has been expanded to encourage the planting and care of trees for the benefit of urban, community, and rural landscapes; and

    WHEREAS, trees provide many benefits to our communities, they absorb air pollutants, reduce erosion of valuable topsoil, moderate temperatures, mitigate storm water runoff, and provide habitat for Alaska’s wildlife; and

    WHEREAS, trees enhance the beauty of our communities and are a renewable resource, providing us with paper, wood for construction, fuel for our fires, and jobs for our people; and

    WHEREAS, the Alaska Department of Natural Resources, Division of Forestry and Fire Protection is responsible for encouraging appropriate management of our urban and rural forests; managing Alaska’s forest lands for multiple objectives; protecting against wildfire, insects, and diseases; providing technical assistance to forestland owners and managers; and promoting wise stewardship of forest lands; and

    WHEREAS, healthy and properly managed trees and forests provide critical environmental, economic, and social benefits and improve the quality of life for Alaskans.

    NOW THEREFORE, I, Mike Dunleavy, GOVERNOR OF THE STATE OF ALASKA, do hereby proclaim May 19, 2025 as:

    Arbor Day

    in Alaska and encourage all Alaskans to plant trees in their communities, provide ongoing maintenance, management, and care of local trees and forested areas, and promote the livelihood of these assets for future generations.

    Dated: May 19, 2025

    MIL OSI USA News

  • MIL-OSI USA: Memorial Day

    Source: US State of Alaska Governor

    President Trump will order all flags to half-staff from Sunrise until Noon on Monday, May 26, 2025, in honor of Memorial Day. His proclamation will be posted at https://www.whitehouse.gov/presidential-actions/proclamations/ as soon as it is available.

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Signs “FOCUS Act” Preventing Use of Cell Phones in Alabama Public Schools

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey has signed the FOCUS Act, prohibiting students’ use of smart phones and other wireless devices inside Alabama’s public schools.

    Flanked by middle school students, Governor Ivey signed the FOCUS Act into law Wednesday morning in her office.

    “In my state of the state address, I repeated the requests of Alabama teachers and parents in calling for a ban on student cell phone use in our schools,” said Governor Ivey.  “Smart phones have beneficial roles when used in proper settings. However, these often-disruptive devices have no place in our classrooms during the school day except for educational purposes or during an emergency.  The FOCUS Act will enable students to ‘focus’ on learning while in school rather than on their phones.”

    “As a parent, equipping my children to excel in all aspects of life is priority number one, and what they learn in the classroom plays an immense role in that,” said Rep. Leigh Hulsey. “The FOCUS Act will limit distractions and provide an avenue for every student in our state to get the absolute most out of their day at school, leading to a stronger Alabama of tomorrow. I am grateful to Governor Ivey for the opportunity to sponsor this important legislation and sincerely appreciate the support of my colleagues in the House and Senate.”

    Internet-enabled devices present additional risks to children even when students are properly using them as part of their school curriculum. For this reason, the FOCUS Act will also protect students by requiring local boards of education to adopt internet safety policies governing student access to the internet on school-owned devices.“Our goal should always be to create an environment where students can reach their full potential – the FOCUS Act does just that,” said Sen. Donnie Chesteen. “By restricting the use of cell phones during instructional time, students will perform better, stay more engaged and enjoy stronger classroom communities. I applaud my colleagues in the Legislature for passing this important legislation and commend Governor Ivey for championing it.”

    Pike Road Junior High currently has a pouch policy for their cell phones and credits the students’ success to that policy.

    “Governor Ivey, thank you for your leadership,” said Pike Road Junior High Principal Christy Wright. “The truth is this isn’t just about a law, it’s about what happens when students and teachers are given the space and focus to grow. At the Pike Road Georgia Washington Campus, we implemented a no cell phone policy well before this bill was passed and the results have been powerful. We’ve seen a clear shift in our school culture: more engagement, deeper connections, and a greater sense of community. But the impact hasn’t just been social, it’s also academic. I am incredibly proud to share that our eighth-grade learners recently took the PSAT 8/9, and the results came in just yesterday. Not only did our school reach our growth target of a 60-point increase, we exceeded it with a 95-point gain. Even more impressively, our scores are 39 points above the national average. That is an extraordinary accomplishment.”

    The FOCUS Act will also protect children and teens by requiring the Alabama State Department of Education to offer safe social media training for all students prior to entering the eighth grade.

    A photo of today’s bill signing is attached.

    To request video from today’s signing, please email: [email protected].

    ###

    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Signs “Powering Growth” Plan into Law to Secure Energy Dominance for Future Growth

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Wednesday signed into law comprehensive legislation designed to solidify Alabama’s energy dominance, accelerate economic development and address potential critical energy infrastructure supply chain vulnerabilities. The “Powering Growth” plan includes the establishment of the Alabama Energy Infrastructure Bank, a strategic plan to mitigate long lead times for crucial energy equipment and streamlined permitting processes mirroring recent federal initiatives signed by President Trump to support economic development projects.

    The Powering Growth plan’s goal is to create a robust framework for energy dominance and security across Alabama. This initiative aligns with the Alabama Growth Alliance’s strategic priorities, focusing on expanding energy capacity and developing prime sites for industrial and commercial development, turning “shovel ready sites” into “move in ready” sites and addressing supply chain constraints.

    “In order to keep Alabama’s economy growing, we’ve got to make sure that we have the power to support it,” said Governor Ivey. “That’s what Powering Growth is all about — making sure our energy infrastructure is robust enough to meet the demands of new industries, new jobs and a stronger future. This plan ensures we’re prepared to compete, not just with neighboring states, but on a national level. By investing now, we’re laying the groundwork for long-term growth – especially in areas that need it most.”

    Key Components of Powering Growth:

    Cutting Red Tape for Energy and Economic Growth

    • Streamlines permitting and removes unnecessary regulatory delays so energy

    infrastructure projects can move faster and at lower costs.

    • Makes Alabama more attractive to industrial prospects that need speed to market and predictability in the planning process.

    Fixing Supply Chain Bottlenecks

    • Accelerates access to critical materials and equipment for energy infrastructure.
    • Reduces government-caused delays that slow down site readiness and project approvals.

    Developing More Move-In-Ready Industrial Sites

    • Funds energy development at industrial parks and economic development prospects to make more sites power ready.
    • Helps local communities compete for job-creating projects by eliminating a key barrier: lack of immediate power access.

    Creating the Alabama Energy Infrastructure Bank (AEIB)

    • Provides flexible financing for power infrastructure tied to industrial growth and job creation.
    • Funds energy infrastructure expansion to power up sites statewide.
    • Ensures grid reliability and resilience, strengthening Alabama’s long-term energy security.
    • Leverages state funds to unlock private and federal investment, without raising taxes.

    “Alabama has already achieved remarkable success by focusing on what economic development truly demands: available land, strong incentives, robust broadband and excellent roads and bridges,” said Commerce Secretary Ellen McNair. “However, energy availability consistently ranks as the No. 1 factor in site selection for economic development projects, and the demand for energy is growing exponentially nationwide. By investing in our energy infrastructure and addressing supply chain vulnerabilities – across both our urban and rural areas – we are laying the foundation for long-term economic prosperity and ensuring Alabama remains a premier destination for businesses.”

    The Alabama Growth Alliance, a coalition of business and government leaders dedicated to driving economic development, has identified energy infrastructure and supply chain resilience as key priorities. A statewide study commissioned by the Legislature and the Commerce Department identified the establishment of the Energy Infrastructure Bank as well as targeted growth projects that may help the State Industrial Development Authority in directing this funding mechanism.

    “Powering Growth is truly a visionary plan that was developed through a collaborative, forward-thinking approach to identify today our energy needs for tomorrow,” said state Sen. Arthur Orr. “You don’t want to build a levee when the water is already rising. As energy demand is going to continue to accelerate in the future, we are laying the groundwork now through Powering Growth to ensure we are able to compete and win on economic development projects for decades to come.”

    Alabama House Speaker Nathaniel Ledbetter emphasized the importance of this initiative for Alabama’s economic trajectory while stressing sustainability and accountability.

    “Building more energy capacity, overcoming supply chain hurdles and improving the speed of permitting is essential for building a stronger economy,” said Speaker Ledbetter. “This legislation represents a strategic investment in our state’s future, ensuring we have the energy resources necessary to support job creation and economic growth for generations to come while at the same time ensuring sustainable growth that protects our citizens without raising taxes.”

    Alabama Senate Pro Tem Garlan Gudger said that in the development of this package, the Legislature made it a top priority to ensure that this package focuses on helping develop and support rural areas.

    “My key focus throughout the development of these bills has been to make sure that they support and grow opportunity in the rural parts of our state,” said Pro Tem Gudger. “We worked to include language in these bills that ensures a significant portion of this investment goes to rural Alabama, and I can’t wait to see the projects and economic growth that these investments will make for years to come. Energy security and dominance is critical for growth, and this is a big step forward in ensuring that we have both here in Alabama.”

    A photo of today’s bill signing is attached.

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    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Appoints Judge Bill Lewis to Serve on Supreme Court of Alabama

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Tuesday appointed Judge Bill Lewis to serve on the Supreme Court of Alabama. This comes following yesterday’s announcement from Justice Jay Mitchell that he was resigning his position on the state’s top court.

    “Judge Bill Lewis continues demonstrating justice and fairness under the law, as well as a willingness to serve the people of Alabama,” said Governor Ivey. “His decades of experience will serve the Supreme Court of Alabama well, and I am confident he is the best choice.”

    The governor appointed Lewis to the Alabama Court of Civil Appeals in February 2024. Prior to that, Lewis served as circuit court judge for the 19th Judicial Circuit in Elmore County where he was the Circuit’s presiding judge. Lewis was the senior partner of the Lewis Law Firm, a firm he started in 2006. Lewis served as assistant district attorney for the 19th Judicial Circuit before going into private practice. He has also served as a criminal defense attorney in criminal cases and practiced civil and family law.

    Judge Lewis received his undergraduate degrees in political science and economics from the University of the South and his law degree from the Cumberland School of Law.

    Governor Ivey spoke to Judge Lewis this morning. Judge Lewis’ appointment is effective immediately. The governor’s appointment to fill Judge Lewis’ vacant seat on the Court of Civil Appeals will be announced soon.

    Judge Bill Lewis’ official headshot is attached.

    A copy of Justice Mitchell’s resignation letter is also attached.

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    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey Appoints Judge Benjamin M. Bowden to Alabama Court of Civil Appeals

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey on Wednesday announced the appointment of Judge Benjamin M. Bowden to the Alabama Court of Civil Appeals.  The governor informed Judge Bowden of her selection today.

    “Judge Bowden’s impressive record as a legal scholar is matched by his exemplary performance as an attorney, prosecutor and judge. He has steadfastly demonstrated a dedication to justice and fairness under the law.  I have the utmost confidence that he will serve with the highest integrity,” said Governor Ivey.

    Judge Bowden will fill the vacancy on the Alabama Court of Civil Appeals left by Judge Bill Lewis, who was appointed by Governor Ivey to the Alabama Supreme Court on Tuesday, following the resignation of Justice Jay Mitchell.

    “I am humbled by the confidence Governor Ivey has shown in allowing me to serve on the Alabama Court of Civil Appeals,” said Judge Ben Bowden.  “Angie and I are thrilled at this new opportunity.  I’m a public servant at heart and I look forward to serving the people of Alabama in this important and exciting way.  Can’t wait to get started!”

    Judge Bowden has held the position of Circuit Judge of the 22nd Judicial Circuit in Covington County since his election in 2016.  Previously, Judge Bowden served as Probate Judge of Covington County from 2008 until 2016.

    The holder of an undergraduate degree from The University of Alabama and a juris doctor from The University of Alabama School of Law, Judge Bowden received his officer’s commission through the U.S. Air Force ROTC program.  Upon graduation in 1992, he entered the U.S. Air Force Judge Advocate General’s Corps, serving at Bitburg Air Base, Germany, and Aviano Air Base, Italy.

    After leaving active duty in 1997, Judge Bowden returned stateside to join the Andalusia law firm of Albrittons, Clifton, Alverson, Moody & Bowden, P.C.  There, he maintained a general litigation practice while also serving as the Municipal Prosecutor for the City of Andalusia and as an Assistant District Attorney.  During his career, he successfully prosecuted two capital murder cases, one of which was the longest jury trial in the history of Covington County.

    Judge Bowden remained a member of the Air Force Reserves until his retirement in 2023 with the rank of Colonel.

    Judge Bowden’s appointment is effective immediately.

    Judge Bowden’s official headshot is attached.

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    MIL OSI USA News

  • MIL-OSI USA: Governor Ivey, Joined by Commissioner Newton and Adjutant General Pritchett, Releases Memorial Day Video Honoring America’s Fallen Heroes

    Source: US State of Alabama

    MONTGOMERY – Governor Kay Ivey today released a special Memorial Day video message, joined by Alabama Department of Veterans Affairs Commissioner Jeff Newton and Alabama National Guard Adjutant General David Pritchett, to honor the brave men and women who made the ultimate sacrifice in service to our nation.

    The video features individual messages from each leader. Together, they reflect on the meaning of Memorial Day, recognize the families of the fallen and urge all Alabamians to remember those who never made it home.

    [embedded content]

    Click here or the above for VIDEO.

    Script:

    GOVERNOR IVEY:

    Memorial Day is a time we pause as a nation.

    A day we set aside to honor the brave men and women who paid the ultimate price for our freedom.

    COMISSIONER NEWTON:

    These heroes wore the uniform. They answered the call. They fought with courage.

    And they gave their lives to protect the very values that define us as Americans.

    ADJUTANT GENERAL PRITCHETT:

    They were soldiers, sailors, marines, guardians and air men.

    They came from every corner of our country – rural towns, big cities and everywhere in between.

    Many of them, from right here in Alabama.

    GOVERNOR IVEY:

    As governor, I’m proud that Alabama stands strong in our commitment to honor their legacy.

    Because behind every fallen hero is a family that carries the weight of their sacrifice every day.

    To those families – we support you. We grieve with you. And we thank you.

    COMISSIONER NEWTON:

    Freedom isn’t free. It’s paid for by the men and women who stepped into danger so we could live in peace.

    Their legacy lives on in every flag flying high…in every moment of liberty we enjoy.

    ADJUTANT GENERAL PRITCHETT:

    We ask you to reflect on the true meaning of the day.

    And to remember those who never made it home.

    GOVERNOR IVEY:

    Their sacrifice is a debt we can never repay.

    But we can – and must – honor it.

    Not just today, but every day.

    EVERYONE:

    This Memorial Day, Alabama remembers.

    We honor.

    We salute.

    And we will never forget.

    For your publishing and broadcasting purposes, the governor’s video message can be downloaded here:

    ###

    MIL OSI USA News

  • MIL-OSI USA: RELEASE: During National Police Week, Harder Introduces Bipartisan Bill to Retain Officers and Expand Benefits

    Source: United States House of Representatives – Congressman Josh Harder (CA-10)

    WASHINGTON – Today, during National Police Week, Rep. Josh Harder (CA-09) and David Valadao(CA-21) introduced bipartisan legislation to tackle high early retirement rates in law enforcement by increasing benefits for officers. The Providing Child Care for Police Officers Act expands child care benefits and invests in new child care facilities to hire and retain more working parents in law enforcement.

    Child care shortages hit law enforcement hard:

    “This is a no-brainer – keeping our families safe starts by recruiting and retaining top-tier police officers,” said Rep. Harder. “Making sure our officers have access to quality, affordable child care means we increase the pool of talented, diverse recruits and keeps officers on the streets protecting our communities.”

    How this legislation hires and retains more working parents in law enforcement:

    • Expands child care benefits to new and existing officers through a $24 million pilot program to supply grants to law enforcement agencies.
    • Builds new child care facilities by authorizing local agencies to construct or operate new centers for police departments’ exclusive use.
    • Prioritizes small agencies by setting aside 20% of the total grant funding for police departments employing fewer than 200 officers. 

    “Our Central Valley police departments continue to face staffing shortages, and we need real solutions to support the people who put their lives on the line to keep us safe,” said Rep. Valadao. “By making child care more accessible for officers working long, irregular hours, this bipartisan bill reduces a major barrier for working parents in law enforcement and helps improve public safety in our communities.”

    “Access to quality, reliable childcare is essential to recruitment and retention of the best, most representative police force we can have,” said Rep. Peters. “Our officers go out every day and ensure our children are safe — the least we can do is make sure there is someone to watch their kids when they are on duty. San Diego is leading the way to expand childcare opportunities for police officers, and I am working to support those efforts at the federal level.” 

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    MIL OSI USA News

  • Norway Chess 2025: D Gukesh ends winless streak by defeating Hikaru Nakamura

    Source: Government of India

    Source: Government of India (4)

    On his 19th birthday, reigning World Chess Champion D Gukesh secured a crucial victory in Norway Chess 2025 Round 3 by defeating World No. 2 Hikaru Nakamura of the United States, earning three vital points and ending his tournament winless run.

    Reflecting on the win, Gukesh said, “I feel quite good! I think my time management was much better today than before. He had some drawing chances, but overall it was a good game,” in a video shared by Norway Chess.

    Asked about the possibility of Armageddon tie-breaks, Gukesh added, “Yeah, at some point it will come for sure. But right now, I’m just happy with this.”

    Earlier in the tournament, Arjun Erigaisi defeated Gukesh in Round 2, extending his perfect classical record against the champion to 6-0. Gukesh had also lost to World No.1 Magnus Carlsen on the opening day.

    Prior to this win, Gukesh had not scored any points and was placed at the bottom of the six-player leaderboard. The victory against Nakamura is seen as a key momentum shift for the young champion as he aims to climb back in the standings.

    (ANI)

  • MIL-OSI Banking: Speech: Samantha McCulloch closing address to the 2025 Conference & Exhibition – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Speech: Samantha McCulloch closing address to the 2025 Conference & Exhibition – Australian Energy Producers

    During my opening remarks I noted that despite some sobering messages from our Wood Mackenzie study on Australia’s investment competitiveness, there is cause for optimism.  

    This week has demonstrated why. 

    We’ve had the welcome announcement from the Queensland Government that it’s releasing nine new areas for future gas exploration to boost future supply. 

    The Minister said: Queensland is open for business.  

    Yesterday, Minister Murray Watt announced the conditional approval of Woodside Energy’s North West Shelf extension – a critical project for Western Australia’s long-term energy security and economic growth.  

    I commend the Minister for backing this vital project, and being guided by science and evidence.   

    On the opening morning of the conference, we heard from Resources Minister Madeleine King who recommitted to implementing the Government’s Future Gas Strategy, including the much-needed reforms to clarify consultation requirements for offshore projects.  

    And, importantly, the Minister acknowledged the enormous economic benefits that Australia’s LNG investment and trade continues to deliver for our nation, observing that ”Every Australian receives a dividend from our energy exports.” 

    And I acknowledge Senator McDonald and the Coalition’s commitments during the election campaign to also back the North West Shelf extension and the coalitions continued support for our industry.  

    As the Prime Minister said earlier in the week, the energy transition cannot happen without security of energy supply, “because you will lose community support if people flick on the switch and the lights don’t go on.” 

    Or as Minister King put it, “You can’t get a transition through warm thoughts”.  

    The fact is that Australia needs the reliable and affordable energy that natural gas delivers.  

    And that will require continued investment in gas exploration and development. 

    I remarked at the start of the conference that Queensland’s gas industry is testament to what can be achieved when government and industry work together.  

    And the Queensland Government continues to build on that legacy.  

    It was encouraging to hear Queensland Treasurer David Janetzki tell our conference that at the heart of his government’s aspiration on energy generation is a simple principle – more 

    “We need more supply to meet future demand and put downward pressure on power prices.” 

    And we also heard this morning from Northern Territory Chief Minister Lia Finocchiaro about her government’s commitment to speed up approvals to unlock more gas supply in the Territory.  

    The Western Australian and South Australian Governments are also backing the role of gas in their economic and energy security.  

    We just need this sentiment to spread to Victoria and NSW.  

    I think Kevin Gallagher would agree.  

    We chose this year’s conference theme: The Energy Edge, to highlight the opportunity for Australia to harness its competitive strengths amid the global energy transformation.  

    Our abundant gas reserves, our innovation, and our proximity to fast growing markets mean we are ideally placed to remain an energy powerhouse.  

    To quote former Australian Ambassador to the United States Joe Hockey’s advice to our industry on what our message to government should be: 

    “Give us certainty and stability, and we can do the job. We can give Australians cheaper energy. We can give people in the world greater opportunity… [and] We can make Australia richer.” 

    I could not agree more.  

    And, judging by the extraordinary work that our industry is leading and that has been showcased here this week – in the plenary sessions, the technical presentations, the conversations on the exhibition floor – I am confident that our industry is well placed to harness our energy edge.

    MIL OSI Global Banks

  • MIL-OSI Asia-Pac: President Lai meets US delegation led by Senator Tammy Duckworth

    Source: Republic of China Taiwan

    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman”>Details
    2025-05-27
    President Lai meets delegation led by US House Natural Resources Committee Chair Bruce Westerman
    On the afternoon of May 27, President Lai Ching-te met with a delegation led by Chair of the Natural Resources Committee of the United States House of Representatives Bruce Westerman. In remarks, President Lai stated that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. The president said that Taiwan will continue to increase purchases from and together build non-red supply chains with the US, expressing hope that economic and trade relations grow even closer and that both work together to jointly safeguard peace and stability throughout the region. A translation of President Lai’s remarks follows: I am delighted to meet and exchange views with members of the US House Committee on Natural Resources today. Chair Westerman, the leader of this delegation, is an old friend of Taiwan. On behalf of the people of Taiwan, I extend a very warm welcome to the delegation. I also want to thank you all for your long-term close attention to Taiwan-related affairs and your strong support for Taiwan. Taiwan and the US enjoy close ties and share ideals and values. There is an excellent foundation for cooperation between us, particularly in such areas as energy, the economy and trade, agriculture and fisheries, environmental protection, and sustainable development. In recent years, Taiwan-US ties have grown closer and closer. The US has become Taiwan’s largest destination for overseas investment, accounting for over 40 percent of Taiwan’s outbound investment. Taiwan is also the seventh largest trading partner of the US and its seventh largest export market for agricultural products. The SelectUSA Investment Summit held in Washington, DC earlier this month was the largest in its history. Taiwan’s delegation, representing 138 enterprises, was once again the biggest delegation attending the event. This shows that Taiwan and the US enjoy close industrial exchanges and continue to explore new opportunities for investment and collaboration. Looking ahead, with the global landscape changing rapidly, Taiwan will continue to increase purchases from the US, including energy resources such as natural gas and petroleum, as well as agricultural products, industrial products, and even military procurement. This will not only help balance our bilateral trade, but also strengthen development for Taiwan in energy autonomy, resilience, the economy, and trade. Taiwan and the US are also well-matched in such areas as high tech and manufacturing. As the US pursues reindustrialization and aims to become a global hub for AI, Taiwan is willing to take part and play an even more important role. We will strengthen Taiwan-US industrial cooperation and together build non-red supply chains. In addition to bringing our economic and trade relations even closer, this will also allow Taiwanese industries to remain rooted in Taiwan while expanding their global presence, helping bolster the US, and marketing worldwide. As for military exchanges, we are grateful to the US government for continuing its military sales to Taiwan and backing our efforts to upgrade our self-defense capabilities. Taiwan will continue to work with the US to jointly safeguard peace and stability throughout the region. In closing, I thank our guests once again for making the long journey here, not only offering warm friendship, but also demonstrating the staunch bipartisan support for Taiwan in the US Congress. Chair Westerman then delivered remarks, saying that it is an honor for him and his colleagues to be in Taiwan to talk about the strong relationship between the US and Taiwan and how that relationship can continue to grow in the future. The chair pointed out that natural resources are foundational to any kind of economic development, whether it is energy, which is key to manufacturing, or whether it is mining, which provides rare earth elements and all the minerals and metals needed for manufacturing. He said that as for natural resources including fish, wildlife, or timber, all are foundational to any society, but this is especially so for agriculture, noting that the US produces a lot of food and fodder and is always looking for more friends to share that with. Chair Westerman indicated that they are excited about opportunities to work with Taiwan, adding that Taiwan’s investments in the US have been greatly appreciated. He said they also are excited about the talks with the Trump administration and the future going forward on how we can have a stronger trade relationship, a stronger bilateral relationship, and how we can work with each other to help both economies grow and prosper. Chair Westerman concluded his remarks by expressing thanks for the opportunity to visit, saying that they treasure Taiwan’s friendship and our long-term relationship, and are very excited to be able to discuss in more detail how our two countries can work together. The delegation also included US House Natural Resources Committee Representatives Sarah Elfreth, Harriet Hageman, Celeste Maloy, and Nick Begich. The delegation was accompanied to the Presidential Office by American Institute in Taiwan Taipei Office Director Raymond Greene.  

    Details
    2025-05-27
    President Lai meets and hosts luncheon for delegation led by Governor Lourdes A. Leon Guerrero of Guam
    On the morning of May 27, President Lai Ching-te met with a delegation led by Governor Lourdes A. Leon Guerrero of Guam and her husband, and hosted a luncheon for the delegation at noon. In remarks, President Lai noted that this is the governor’s first trip to Taiwan, fully demonstrating the Guam government’s support and high regard for Taiwan. The president said that Guam, being the closest United States territory to Taiwan, is an important bridge for collaboration between Taiwan and the US. He stated that aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas to further advance industrial development for both sides. He said that, as we begin a new chapter, we look forward to working together to generate even more momentum in bilateral cooperation and exchanges. A translation of President Lai’s remarks follows: On behalf of the people of Taiwan, I extend a warm welcome to Governor Leon Guerrero and her delegation. Last year, I transited through Guam en route for visits to Taiwan’s diplomatic allies in the Pacific. The enthusiastic reception I received from the government, legislature, people, and members of our overseas community in Guam was very touching and left me with a deep impression. During the morning tea reception hosted by Governor Leon Guerrero, we joined in singing our respective national anthems, as well as the Fanohge CHamoru. I also received at the Guam Legislature a copy of a Taiwan-friendly resolution it passed on behalf of the people of Taiwan. And I still remember to this day the striking scenery of the governor’s house and the warm reception I received there. It is therefore a great pleasure to meet with all of you today here at the Presidential Office. This is Governor Leon Guerrero’s first trip to Taiwan. Your visit fully demonstrates the Guam government’s support and high regard for Taiwan. As we begin a new chapter, we look forward to working with you to generate even more momentum in bilateral cooperation and exchanges. Taiwan and Guam are like family. We share the Austronesian spirit and culture. Our wide-ranging and mutually-beneficial collaboration is very fruitful. And now, we are facing the challenges of climate change, public health and medicine, and regional security together. The world is rapidly changing and tensions in the Indo-Pacific continue to rise. But if we combine our strengths, come together as one, and enhance cooperation, we can maintain regional peace, stability, and prosperity. Last Tuesday, I delivered an address on my first anniversary of taking office. I mentioned that for many years, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. Guam is the closest US territory to Taiwan. It is an important bridge for collaboration between Taiwan and the US. Last month, we were pleased to see United Airlines officially launch direct flights between Taipei and Guam. I believe this will benefit tourism and economic and trade exchanges for both sides. In the area of health care, many hospitals in Taiwan already offer referral services to patients from Guam. Both Governor Leon Guerrero and I have backgrounds in medicine. It is my hope that Taiwan and Guam can continue to work hand in hand to create even more positive outcomes from cooperation in public health and medical services. During the governor’s visit, aside from promoting tourism, we can also explore even more opportunities for collaboration in other areas. There is potential for more exchanges in aquaculture, food processing, hydroculture, manufacturing, pharmaceuticals, and recycling. This will further advance industrial development in Taiwan and Guam. In closing, I thank Governor Leon Guerrero and all our distinguished guests for backing Taiwan. I wish you all a smooth and successful visit.  Governor Leon Guerrero then delivered remarks, saying that she is very happy to come to Taiwan. She said that after learning during President Lai’s visit to Guam last year that he is a medical doctor, she felt more relaxed because healthcare colleagues are one in their endeavor to help enhance the health and well-being of people. She then expressed her heartfelt appreciation for the invitation to Taiwan.  Governor Leon Guerrero said that as they learn more about opportunities for collaboration with Taiwan, they are humbled by the hospitality they have experienced. In both of our islands, she said, hospitality is more than just a custom – it forms a part of our identities. She noted that despite being nearly 2,000 miles apart, we are connected by the Pacific Ocean and common roots, and our ancestors both value family, community, and tradition. That is why being here today, she said, she feels a strong sense of familiarity, like reconnecting with old friends. The governor remarked that Taiwan has evolved so quickly in all areas of essential life, sustenance, economy, and prosperity, adding that Taiwan’s resources in such areas as health, education, data, AI, advanced technology, aquaculture, agriculture, and commerce enhance our economic stability. She stated her belief that in collaboration and support, and working with each other, we can gain prosperity, maintain freedom and democracy, and live in peace.  Governor Leon Guerrero stated that their delegation is here to see how they can partner with Taiwan to help raise the quality of life for both our peoples, mentioning that one special concern of theirs is tourism. Tourism, she said, is the most influential engine and driver for the economy and quality of life in Guam, but they cannot have a vibrant economy and tourism without air connectivity. She added that they are prepared to help in any way to provide incentives and low-cost fees so that they can get more airlines from Taiwan to establish permanent flight schedules to Guam, so as to drive development in Guam’s tourism industry. Governor Leon Guerrero then proceeded to introduce each of the members of her delegation before remarking that while they have been very busy on this visit they are always reminded of the freedom and democracy that the people must protect. She said she looks forward to a great, strong relationship between Taiwan and Guam in cooperation on social and economic issues, in culture, marketing, tourism, and freedom and democracy. Among those in attendance were First Gentleman Jeffrey A. Cook, Chief of Staff Jon Junior Calvo, Director of the Department of Administration Edward Birn, General Manager of the Guam Visitors Bureau Regine Biscoe Lee, Deputy Executive Manager of the Guam International Airport Authority Artemio “Ricky” Hernandez, Board of Directors Chairman of the Guam International Airport Authority Brian J. Bamba, Deputy General Manager of the Guam Economic Development Authority Carlos Bordallo, Director of Landscape Management Systems Guam Bob Salas, Chairperson of the Guam Chamber of Commerce Tae Oh, President of the University of Guam Anita Borja Enriquez, and Director of the Guam Taiwan Office Felix Yen (嚴樹芬). After the meeting, President Lai, accompanied by Vice President Bi-khim Hsiao, hosted a luncheon for Governor Leon Guerrero, her husband, and the delegation.

    Details
    2025-05-27
    President Lai meets delegation from European Parliament
    On the morning of May 27, President Lai Ching-te met with a delegation from the European Parliament. In remarks, President Lai thanked the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait and voice support for Taiwan. The president expressed hope for an even closer relationship and diversified cooperation between Taiwan and the European Union. The president said that Taiwan and the EU can work together in such areas as semiconductors, AI, and green energy to create more resilient supply chains for global democracies and contribute to global prosperity and development. A translation of President Lai’s remarks follows: I warmly welcome our guests to the Presidential Office. After being elected last year, MEPs Reinis Pozņaks and Beatrice Timgren are making their first visits to Taiwan, demonstrating support for Taiwan through concrete action. On behalf of the people of Taiwan, I extend my sincerest welcome and appreciation. I would also like to take this opportunity to thank the European Parliament for continuing to pay close attention to peace and stability across the Taiwan Strait. Just last month, the European Parliament adopted resolutions with regard to annual reports on the implementation of the European Union’s Common Foreign and Security Policy and Common Security and Defence Policy. These resolutions reaffirmed the EU’s steadfast commitment to maintaining the status quo across the Taiwan Strait. The European Parliament also condemned China for continuing to take provocative military actions against Taiwan and emphasized that Taiwan is a key democratic partner in the Indo-Pacific region. It called on the EU and its member states to continue working closely with Taiwan to strengthen economic, trade, and investment ties. Once again, I thank the European Parliament for voicing support for Taiwan. Just as MEPs Pozņaks and Timgren are visiting Taiwan to strengthen Taiwan-EU exchanges, our Minister of Economic Affairs Kuo Jyh-huei (郭智輝) also led a delegation to Europe last year, marking the first in-person dialogue between high-ranking economic and trade officials of Taiwan and the EU. Moving ahead, we look forward to bringing Taiwan-EU ties even closer and to diversifying our cooperation. The EU is Taiwan’s largest source of foreign investment. Both sides are highly complementary in such areas as semiconductors, AI, and green energy. Through our joint efforts, we can create more resilient supply chains for global democracies and further contribute to global prosperity and development. Looking ahead, I hope that MEPs Pozņaks and Timgren will continue to make the case in the European Parliament for the signing of a Taiwan-EU economic partnership agreement. This would not only yield mutually beneficial development, but also consolidate economic security and boost international competitiveness for both sides. In closing, I am sure that you will gain a deeper understanding of Taiwan through this visit. Please feel welcome to come back as often as possible as we continue to elevate Taiwan-EU ties.  MEP Pozņaks then delivered remarks, saying that it is a great honor to be here and thanking everybody involved in arranging this trip that allows them the opportunity to better know Taiwan. He added that it is definitely not the last time they will be here, as Taiwan is a very beautiful country. MEP Pozņaks mentioned that he comes from Latvia, and despite their being on the other side of the world, they know how the Taiwanese people feel, because they also have a big neighbor who is claiming that Latvia belongs to them. Unfortunately, he said, there is already war in Europe, but he is confident that their situation is similar to Taiwan’s, adding that they have a neighbor who uses disinformation attacks. MEP Pozņaks said that we live in very challenging times, and that our choices will define the future of the world, asking whether it will be a world where the rule of law prevails or where physical power and aggression succeeds. Coming from a small country, he said he clearly understands that for them there is no other possibility; they must protect the world where the rule of law prevails. That is why now, he emphasized, it is very crucial for all democracies around the world to stick together to protect our freedoms, values, and democracy. MEP Timgren then delivered remarks, thanking President Lai for meeting with them and saying it is a big honor. Noting that they arrived here two days ago and that while she really loves Taiwan, its food, and the good weather, she stated that the reason they are here is because of the values that we share, our good relationships, and solidarity with other democratic countries in the world, which is important for them in Europe and in Sweden. MEP Timgren, referring to MEP Pozņaks’s earlier remarks, said that they face a big threat from Russia that is discernible even in the European Parliament. Actually, she pointed out, there is a war inside Europe that shows us how important it is that we support one another. She said that the Russian people thought it would be easy to take over Ukraine, but it was not, because all European countries stepped up and provided weapons and support. And that is why, MEP Timgren said, it is important that democratic countries maintain good relationships and let China and Russia see that we have good relationships, because a part of defense is solidarity. In closing, she expressed her gratitude for having the honor to be here in this beautiful country.

    Details
    2025-05-20
    President Lai hosts state banquet for President Surangel Whipps Jr. of Republic of Palau
    On the evening of May 20, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, hosted a state banquet at the Presidential Office in honor of President Surangel Whipps Jr. of the Republic of Palau and his wife. In remarks, President Lai said that he looks forward to working closely with President Whipps to promote tourism exchanges and sports cooperation so that Taiwan and Palau shine brightly together on the international stage. A translation of President Lai’s remarks follows: It is a pleasure to host this banquet tonight at the Presidential Office for President Whipps, First Lady Valerie Whipps, and the esteemed members of their delegation. Welcome to Taiwan. During my trips to Palau in 2022 and last year, President and First Lady Whipps received me with great hospitality. Wearing my island shirt, I enjoyed a very friendly reception from the people of Palau. It felt warm and friendly, just like being welcomed back home. The first time I visited Palau, President Whipps and I piloted a boat to the Milky Way lagoon. We both tried volcanic mud facial masks. We also fished together and enjoyed the breeze as we walked on the beach. Last year, on my second visit to Palau, I was honored to be invited to address the National Congress. I also observed the results of the close bilateral cooperation between our two nations. Due to its world-famous ocean scenery, Palau is sometimes referred to as “God’s aquarium.” And it is even possible to snorkel with sharks. It leaves a deep impression. Nothing compares to seeing Palau firsthand. During the COVID-19 pandemic, Taiwan and Palau launched a travel bubble that created a safe means of travel. Now, with the pandemic behind us, I hope that even more Taiwanese can tour Palau and gain a greater understanding of our diplomatic ally. In addition to tourism exchanges, I mentioned on my visit to Palau last year that I hoped Taiwan and Palau could promote sports cooperation by providing training away from home. Next month, Palau will be holding the Pacific Mini Games. And right now, Palau’s national baseball and table tennis teams are holding training sessions here in Taiwan. We will do our utmost to support Palau’s national players and we hope they stand out and achieve outstanding results in the events. I look forward to working closely with President Whipps so that Taiwan and Palau shine brightly together on the international stage. Thank you! Mesulang! President Whipps then delivered remarks, saying that it is truly an honor to be here once again one year after President Lai’s inauguration. Mentioning that this is his first state visit after being reelected to a second term, he said that it is important to be here among friends, and that we are more than friends, we are family. He thanked President Lai for the generous words and, most importantly, Taiwan’s enduring support. He remarked that our relationship continues to get stronger in each passing year. President Whipps said that President Lai’s diplomacy initiative, leadership, and vision deeply resonate with them. Diplomacy must be rooted in our shared values, he said, and an unwavering support for our allies and a commitment to a sustainable, inclusive development are all deeply appreciated by their people. President Whipps emphasized that, as we look into the future and the challenges that we face, from security to climate change, it is so important that we are united. He added that it is important for the world, and especially important for them in Palau, that they stand up for Taiwan, so that Taiwan can participate on international fora that address climate change, security, and health, because they know the world is better when Taiwan has a seat at the table. Mentioning that Palau will host the Pacific Islands Forum next year, President Whipps said that Palau remains committed to working closely with Taiwan to ensure a successful event, and that they will continue to speak up for Taiwan’s indispensable contributions as we stand together against any efforts to silence or isolate democratic partners. President Whipps said that our nations have navigated challenges and emerged stronger, bound by a partnership that is built on trust, respect, and hope for a better world. Whether it is in clean energy, education, smart medicine, or tourism, our shared journey is just beginning, he said, and we are stronger together.  Also in attendance at the banquet were Palauan Minister of State Gustav Aitaro, Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.

    Details
    2025-05-20
    President Lai and President Surangel S. Whipps, Jr. of Palau hold bilateral talks and witness signing of cooperation agreements  
    On the afternoon of May 20, following a welcome ceremony with military honors for President Surangel S. Whipps, Jr. of the Republic of Palau and his wife, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Whipps at the Presidential Office. The two leaders also jointly witnessed the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation. In remarks, President Lai thanked Palau for standing firm in its backing of Taiwan’s international participation as geopolitical tensions continue to increase in the Pacific region. He added that he looks forward to the cooperative ties between Taiwan and Palau continuing to expand into even broader areas, allowing our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. A translation of President Lai’s remarks follows: I welcome our guests to Taiwan once again. Last year on May 20, President Whipps led a delegation to attend the inauguration ceremony for myself and Vice President Hsiao. I am delighted, on the anniversary of my first year in office, to meet with old friends of Taiwan again, as President Whipps returns for this visit. Taiwan-Palau relations have grown even closer in recent years thanks to the strong support of President Whipps. In 2022, during my term as vice president, I led a delegation to Palau as a demonstration of how our nations were together boosting tourism development as we jointly faced the challenges of the COVID-19 pandemic. Every time I visit Palau, and every time I meet with President Whipps, I feel very deeply that Taiwan and Palau are like family. We are both maritime nations and share a common Austronesian heritage and culture. We are also staunch partners in upholding such values as freedom, democracy, and respect for human rights. Last December, when I went on my first overseas trip since taking office, one of the nations I visited was Palau. We celebrated the 30th anniversary of Palau’s independence and 25 years of diplomatic relations, underscoring our friendly ties. Taiwan and Palau enjoy close exchanges and cooperation in a range of areas, including climate change, education, agriculture and fisheries, healthcare, humanitarian assistance, sports, and culture. After this meeting, President Whipps and I will witness the signing of a technical cooperation agreement and an agreement on diplomatic staff training cooperation, demonstrating once again our diverse collaboration and strong friendship. I believe that by working together, Taiwan and Palau can contribute to each other’s development and overcome the regional and global challenges we currently face. In particular, as geopolitical tensions continue to increase in the Pacific region, Palau has wisely and courageously upheld democratic values and stood firm in its backing of Taiwan’s international participation. Palau has never stopped voicing support for Taiwan, including at the United Nations General Assembly, the World Health Organization, the UN Framework Convention on Climate Change Conference of the Parties, and the UN Ocean Conference. We have been deeply moved by this support. I thank President Whipps again for his high regard and support for Taiwan. I look forward to the cooperative ties between our nations continuing to expand into even broader areas. This will allow our economies and societies to further progress as we jointly advance peace, stability, and prosperity in the Indo-Pacific region. President Whipps then delivered remarks, saying that it is a great honor for him to be here, standing in this historic place – a symbol of strength, resilience, and the democratic spirit of the Taiwanese people. On behalf of the government of Palau, President Whipps extended heartfelt gratitude to President Lai and the people of Taiwan for the warm welcome and gracious hospitality toward him and his delegation. President Whipps then extended sincere thanks for President Lai’s visit to Palau in December – his second visit to Palau – and for having Minister of Foreign Affairs Lin Chia-lung (林佳龍) attend his inauguration as a special envoy. He added that this also marks his third visit to Taiwan since President Lai took office, saying that this demonstrates the strength of our growing relationship. President Whipps indicated that the increased engagements and numerous entrepreneurs that President Lai has brought from Taiwan to Palau have resulted in fruitful visits, and that President Lai’s leadership represents hope, unity, and continued advancement of democracy and freedom, not only for Taiwan, but for the broader Indo-Pacific region. President Whipps went on to say that this visit to Taiwan reaffirms our deep friendship and shared values between our two nations. He emphasized that Palau and Taiwan are bound not by proximity, but by purpose, in that both are island nations and believe in human dignity, the rule of law, and the right of our people to determine their own futures. President Whipps stated that although we are celebrating 26 years of diplomatic relations, Taiwan has been a steadfast partner of Palau for decades, and that one of the MOUs they are signing further extends the relationship that began in December of 1984. From healthcare and medical missions, to education, agriculture, renewable energy, infrastructure, the private sector, tourism development, and climate resilience, he said, our cooperation has improved lives and strengthened our communities. The president also indicated that during the COVID-19 pandemic, Taiwan stood with Palau, noting that both sides began the tourism bubble, and that President Lai came to Palau to reopen the two weekly direct flights that have now been increased to four. That solidarity will never be forgotten, he said. As the world faces growing uncertainty and complex challenges from climate change to global tensions, President Whipps said, this friendship becomes even more vital. The president concluded his remarks by expressing hope that both nations continue to stand together, work together, and advocate together for peace, prosperity, and for the right of small nations to be seen, heard, and respected. After the bilateral talks, President Lai and President Whipps witnessed the signing of the technical cooperation agreement and the agreement on diplomatic staff training cooperation by Minister Lin and Palauan Minister of State Gustav Aitaro. The delegation also included Palauan Minister of Public Infrastructure and Industries Charles Obichang, Minister of Human Resources, Culture, Tourism and Development Ngiraibelas Tmetuchl, Senate Floor Leader Kerai Mariur, House of Delegates Floor Leader Warren Umetaro, High Chief of Ngiwal State Elliot Udui, Governor of Peleliu State Emais Roberts, and Governor of Koror State Eyos Rudimch.  

    Details
    2025-05-20
    President Lai interviewed by Nippon Television and Yomiuri TV
    In a recent interview on Nippon Television’s news zero program, President Lai Ching-te responded to questions from host Mr. Sakurai Sho and Yomiuri TV Shanghai Bureau Chief Watanabe Masayo on topics including reflections on his first year in office, cross-strait relations, China’s military threats, Taiwan-United States relations, and Taiwan-Japan relations. The interview was broadcast on the evening of May 19. During the interview, President Lai stated that China intends to change the world’s rules-based international order, and that if Taiwan were invaded, global supply chains would be disrupted. Therefore, he said, Taiwan will strengthen its national defense, prevent war by preparing for war, and achieve the goal of peace. The president also noted that Taiwan’s purpose for developing drones is based on national security and industrial needs, and that Taiwan hopes to collaborate with Japan. He then reiterated that China’s threats are an international problem, and expressed hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war. Following is the text of the questions and the president’s responses: Q: How do you feel as you are about to round out your first year in office? President Lai: When I was young, I was determined to practice medicine and save lives. When I left medicine to go into politics, I was determined to transform Taiwan. And when I was sworn in as president on May 20 last year, I was determined to strengthen the nation. Time flies, and it has already been a year. Although the process has been very challenging, I am deeply honored to be a part of it. I am also profoundly grateful to our citizens for allowing me the opportunity to give back to our country. The future will certainly be full of more challenges, but I will do everything I can to unite the people and continue strengthening the nation. That is how I am feeling now. Q: We are now coming up on the 80th anniversary of the end of World War II, and over this period, we have often heard that conflict between Taiwan and the mainland is imminent. Do you personally believe that a cross-strait conflict could happen? President Lai: The international community is very much aware that China intends to replace the US and change the world’s rules-based international order, and annexing Taiwan is just the first step. So, as China’s military power grows stronger, some members of the international community are naturally on edge about whether a cross-strait conflict will break out. The international community must certainly do everything in its power to avoid a conflict in the Taiwan Strait; there is too great a cost. Besides causing direct disasters to both Taiwan and China, the impact on the global economy would be even greater, with estimated losses of US$10 trillion from war alone – that is roughly 10 percent of the global GDP. Additionally, 20 percent of global shipping passes through the Taiwan Strait and surrounding waters, so if a conflict breaks out in the strait, other countries including Japan and Korea would suffer a grave impact. For Japan and Korea, a quarter of external transit passes through the Taiwan Strait and surrounding waters, and a third of the various energy resources and minerals shipped back from other countries pass through said areas. If Taiwan were invaded, global supply chains would be disrupted, and therefore conflict in the Taiwan Strait must be avoided. Such a conflict is indeed avoidable. I am very thankful to Prime Minister of Japan Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as US President Donald Trump and former President Joe Biden, and the other G7 leaders, for continuing to emphasize at international venues that peace and stability across the Taiwan Strait are essential components for global security and prosperity. When everyone in the global democratic community works together, stacking up enough strength to make China’s objectives unattainable or to make the cost of invading Taiwan too high for it to bear, a conflict in the strait can naturally be avoided. Q: As you said, President Lai, maintaining peace and stability across the Taiwan Strait is also very important for other countries. How can war be avoided? What sort of countermeasures is Taiwan prepared to take to prevent war? President Lai: As Mr. Sakurai mentioned earlier, we are coming up on the 80th anniversary of the end of WWII. There are many lessons we can take from that war. First is that peace is priceless, and war has no winners. From the tragedies of WWII, there are lessons that humanity should learn. We must pursue peace, and not start wars blindly, as that would be a major disaster for humanity. In other words, we must be determined to safeguard peace. The second lesson is that we cannot be complacent toward authoritarian powers. If you give them an inch, they will take a mile. They will keep growing, and eventually, not only will peace be unattainable, but war will be inevitable. The third lesson is why WWII ended: It ended because different groups joined together in solidarity. Taiwan, Japan, and the Indo-Pacific region are all directly subjected to China’s threats, so we hope to be able to join together in cooperation. This is why we proposed the Four Pillars of Peace action plan. First, we will strengthen our national defense. Second, we will strengthen economic resilience. Third is standing shoulder to shoulder with the democratic community to demonstrate the strength of deterrence. Fourth is that as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China, and seek peace and mutual prosperity. These four pillars can help us avoid war and achieve peace. That is to say, Taiwan hopes to achieve peace through strength, prevent war by preparing for war, keeping war from happening and pursuing the goal of peace. Q: Regarding drones, everyone knows that recently, Taiwan has been actively researching, developing, and introducing drones. Why do you need to actively research, develop, and introduce new drones at this time? President Lai: This is for two purposes. The first is to meet national security needs. The second is to meet industrial development needs. Because Taiwan, Japan, and the Philippines are all part of the first island chain, and we are all democratic nations, we cannot be like an authoritarian country like China, which has an unlimited national defense budget. In this kind of situation, island nations such as Taiwan, Japan, and the Philippines should leverage their own technologies to develop national defense methods that are asymmetric and utilize unmanned vehicles. In particular, from the Russo-Ukrainian War, we see that Ukraine has successfully utilized unmanned vehicles to protect itself and prevent Russia from unlimited invasion. In other words, the Russo-Ukrainian War has already proven the importance of drones. Therefore, the first purpose of developing drones is based on national security needs. Second, the world has already entered the era of smart technology. Whether generative, agentic, or physical, AI will continue to develop. In the future, cars and ships will also evolve into unmanned vehicles and unmanned boats, and there will be unmanned factories. Drones will even be able to assist with postal deliveries, or services like Uber, Uber Eats, and foodpanda, or agricultural irrigation and pesticide spraying. Therefore, in the future era of comprehensive smart technology, developing unmanned vehicles is a necessity. Taiwan, based on industrial needs, is actively planning the development of drones and unmanned vehicles. I would like to take this opportunity to express Taiwan’s hope to collaborate with Japan in the unmanned vehicle industry. Just as we do in the semiconductor industry, where Japan has raw materials, equipment, and technology, and Taiwan has wafer manufacturing, our two countries can cooperate. Japan is a technological power, and Taiwan also has significant technological strengths. If Taiwan and Japan work together, we will not only be able to safeguard peace and stability in the Taiwan Strait and security in the Indo-Pacific region, but it will also be very helpful for the industrial development of both countries. Q: The drones you just described probably include examples from the Russo-Ukrainian War. Taiwan and China are separated by the Taiwan Strait. Do our drones need to have cross-sea flight capabilities? President Lai: Taiwan does not intend to counterattack the mainland, and does not intend to invade any country. Taiwan’s drones are meant to protect our own nation and territory. Q: Former President Biden previously stated that US forces would assist Taiwan’s defense in the event of an attack. President Trump, however, has yet to clearly state that the US would help defend Taiwan. Do you think that in such an event, the US would help defend Taiwan? Or is Taiwan now trying to persuade the US? President Lai: Former President Biden and President Trump have answered questions from reporters. Although their responses were different, strong cooperation with Taiwan under the Biden administration has continued under the Trump administration; there has been no change. During President Trump’s first term, cooperation with Taiwan was broader and deeper compared to former President Barack Obama’s terms. After former President Biden took office, cooperation with Taiwan increased compared to President Trump’s first term. Now, during President Trump’s second term, cooperation with Taiwan is even greater than under former President Biden. Taiwan-US cooperation continues to grow stronger, and has not changed just because President Trump and former President Biden gave different responses to reporters. Furthermore, the Trump administration publicly stated that in the future, the US will shift its strategic focus from Europe to the Indo-Pacific. The US secretary of defense even publicly stated that the primary mission of the US is to prevent China from invading Taiwan, maintain stability in the Indo-Pacific, and thus maintain world peace. There is a saying in Taiwan that goes, “Help comes most to those who help themselves.” Before asking friends and allies for assistance in facing threats from China, Taiwan must first be determined and prepared to defend itself. This is Taiwan’s principle, and we are working in this direction, making all the necessary preparations to safeguard the nation. Q: I would like to ask you a question about Taiwan-Japan relations. After the Great East Japan Earthquake in 2011, you made an appeal to give Japan a great deal of assistance and care. In particular, you visited Sendai to offer condolences. Later, you also expressed condolences and concern after the earthquakes in Aomori and Kumamoto. What are your expectations for future Taiwan-Japan exchanges and development? President Lai: I come from Tainan, and my constituency is in Tainan. Tainan has very deep ties with Japan, and of course, Taiwan also has deep ties with Japan. However, among Taiwan’s 22 counties and cities, Tainan has the deepest relationship with Japan. I sincerely hope that both of you and your teams will have an opportunity to visit Tainan. I will introduce Tainan’s scenery, including architecture from the era of Japanese rule, Tainan’s cuisine, and unique aspects of Tainan society, and you can also see lifestyles and culture from the Showa era.  The Wushantou Reservoir in Tainan was completed by engineer Mr. Hatta Yoichi from Kanazawa, Japan and the team he led to Tainan after he graduated from then-Tokyo Imperial University. It has nearly a century of history and is still in use today. This reservoir, along with the 16,000-km-long Chianan Canal, transformed the 150,000-hectare Chianan Plain into Taiwan’s premier rice-growing area. It was that foundation in agriculture that enabled Taiwan to develop industry and the technology sector of today. The reservoir continues to supply water to Tainan Science Park. It is used by residents of Tainan, the agricultural sector, and industry, and even the technology sector in Xinshi Industrial Park, as well as Taiwan Semiconductor Manufacturing Company. Because of this, the people of Tainan are deeply grateful for Mr. Hatta and very friendly toward the people of Japan. A major earthquake, the largest in 50 years, struck Tainan on February 6, 2016, resulting in significant casualties. As mayor of Tainan at the time, I was extremely grateful to then-Prime Minister Abe, who sent five Japanese officials to the disaster site in Tainan the day after the earthquake. They were very thoughtful and asked what kind of assistance we needed from the Japanese government. They offered to provide help based on what we needed. I was deeply moved, as former Prime Minister Abe showed such care, going beyond the formality of just sending supplies that we may or may not have actually needed. Instead, the officials asked what we needed and then provided assistance based on those needs, which really moved me. Similarly, when the Great East Japan Earthquake of 2011 or the later Kumamoto earthquakes struck, the people of Tainan, under my leadership, naturally and dutifully expressed their support. Even earlier, when central Taiwan was hit by a major earthquake in 1999, Japan was the first country to deploy a rescue team to the disaster area. On February 6, 2018, after a major earthquake in Hualien, former Prime Minister Abe appeared in a video holding up a message of encouragement he had written in calligraphy saying “Remain strong, Taiwan.” All of Taiwan was deeply moved. Over the years, Taiwan and Japan have supported each other when earthquakes struck, and have forged bonds that are family-like, not just neighborly. This is truly valuable. In the future, I hope Taiwan and Japan can be like brothers, and that the peoples of Taiwan and Japan can treat one another like family. If Taiwan has a problem, then Japan has a problem; if Japan has a problem, then Taiwan has a problem. By caring for and helping each other, we can face various challenges and difficulties, and pursue a brighter future. Q: President Lai, you just used the phrase “If Taiwan has a problem, then Japan has a problem.” In the event that China attempts to invade Taiwan by force, what kind of response measures would you hope the US military and Japan’s Self-Defense Forces take? President Lai: As I just mentioned, annexing Taiwan is only China’s first step. Its ultimate objective is to change the rules-based international order. That being the case, China’s threats are an international problem. So, I would very much hope to work together with the US, Japan, and others in the global democratic community to prevent China from starting a war – prevention, after all, is more important than cure.

    MIL OSI Asia Pacific News

  • MIL-OSI: Futu Announces First Quarter 2025 Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, May 29, 2025 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Operational Highlights

    • Total number of funded accounts1 increased 41.6% year-over-year to 2,673,119 as of March 31, 2025.
    • Total number of brokerage accounts2 increased 30.0% year-over-year to 4,955,319 as of March 31, 2025.
    • Total number of users3 increased 16.8% year-over-year to 26.3 million as of March 31, 2025.
    • Total client assets increased 60.2% year-over-year to HK$829.8 billion as of March 31, 2025.
    • Daily average client assets were HK$790.4 billion in the first quarter of 2025, an increase of 64.7% from the same period in 2024.
    • Total trading volume in the first quarter of 2025 increased by 140.1% year-over-year to HK$3.22 trillion, in which trading volume for U.S. stocks was HK$2.25 trillion, and trading volume for Hong Kong stocks was HK$916.0 billion.
    • Margin financing and securities lending balance increased 33.7% year-over-year to HK$50.3 billion as of March 31, 2025.

    First Quarter 2025 Financial Highlights

    • Total revenues increased 81.1% year-over-year to HK$4,694.6 million (US$603.4 million).
    • Total gross profit increased 85.9% year-over-year to HK$3,945.7 million (US$507.2 million).
    • Net income increased 107.0% year-over-year to HK$2,142.7 million (US$275.4 million).
    • Non-GAAP adjusted net income4 increased 97.7% year-over-year to HK$2,216.9 million (US$285.0 million).

    Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, said, “We started 2025 on a strong note, adding approximately 262 thousand funded accounts in the first quarter, up 47.8% year-over-year and 21.9% quarter-over-quarter. Total funded accounts reached 2.7 million, representing a 41.6% increase year-over-year and a 10.9% increase quarter-over-quarter. Hong Kong remained the top contributor to new funded accounts, as our marketing initiatives effectively leveraged the Hong Kong market rally and IPO boom. We believe that brokers with leading brand equity, product experience and execution capabilities will gain outsized benefits from strong equity market performance. Malaysia posted the fastest sequential growth in new funded accounts among all seven markets. After a year of rapid market share gain in Malaysia, we think there is ample headroom for further growth and will continue to invest in our product and our brand. In Japan, new funded accounts enjoyed robust growth and reached a historic high, as we solidified our position as the go-to broker for U.S. stock trading. Funded account growth accelerated in the U.S. as we enhanced our offerings for active traders and our high-profile advertising campaigns boosted brand visibility. With one-third of our full-year target already achieved, we remain firmly on track to meet our guidance of 800 thousand net new funded accounts in 2025.”

    “Total client assets reached HK$829.8 billion, up 60.2% year-over-year and 11.6% quarter-over-quarter, thanks to record net asset inflow. In Singapore, total client assets rose 11.4% quarter-over-quarter, sustaining its streak of double-digit sequential growth. Average client assets in Canada and Australia also logged five straight quarters of sequential increase. Margin financing and securities lending balance at quarter end remained largely stable at HK$50.3 billion, due to lower risk appetite in the second half of the quarter amid market pullback.”

    “Total trading volume was HK$3.22 trillion, up 140.1% year-over-year and 11.4% quarter-over-quarter. U.S. stock trading volume grew 8.2% sequentially to HK$2.25 trillion, bolstered by clients’ bottom fishing of technology and semiconductor names. Hong Kong stock trading volume increased 21.4% quarter-over-quarter to HK$916.0 billion, as DeepSeek-induced market rally reignited investor interest.”

    “We continued to drive product innovation, empowering retail investors with cutting-edge investment tools and seamless investment experience. In Hong Kong, we unveiled Futubull AI, our proprietarily trained, AI-powered investment assistance, and revealed a new desktop version with more intuitive tools and advanced features. In Japan, we continued to enhance our U.S. stock offerings as we rolled out U.S. fractional shares trading in the first quarter and subsequently launched U.S. options trading in April.”

    “Wealth management client assets were HK$139.2 billion as of quarter end, up 117.7% year-over-year and 25.6% quarter-over-quarter. 29% of funded accounts held wealth management products, a further climb from 28% in the previous quarter. Money market funds remained the primary driver of asset inflow given the seek for stable returns amid market volatility. In Hong Kong and Singapore, we broadened our structured product suite with FX-linked notes in the first quarter. We also onboarded equity funds in Malaysia and money market funds in Japan.”

    “We had 498 IPO distribution and IR clients as of quarter end, up 15.8% year-over-year. During the quarter, we served as joint lead manager for several high-profile Hong Kong IPOs, including those of Bloks Group and Guming Holdings. For both of these transactions, we were the exclusive online broker for IPO distribution. Notably, in the MIXUE Group IPO, more than 70 thousand clients contributed to over HK$1 trillion in subscription amount, putting us first among all brokers in number of subscribers and total subscription amount.”

    First Quarter 2025 Financial Results

    Revenues

    Total revenues were HK$4,694.6 million (US$603.4 million), an increase of 81.1% from HK$2,592.5 million in the first quarter of 2024.

    Brokerage commission and handling charge income was HK$2,310.2 million (US$296.9 million), an increase of 113.5% from the first quarter of 2024. This was mainly due to higher trading volume, partially offset by the decline in blended commission rate.

    Interest income was HK$2,070.5 million (US$266.1 million), an increase of 52.9% from the first quarter of 2024. The increase was mainly driven by higher interest income from securities borrowing and lending business, margin financing and bank deposits.

    Other income was HK$313.9 million (US$40.4 million), an increase of 101.0% from the first quarter of 2024. The increase was primarily attributable to higher fund distribution service income and currency exchange income.

    Costs

    Total costs were HK$749.0 million (US$96.3 million), an increase of 59.3% from HK$470.2 million in the first quarter of 2024.

    Brokerage commission and handling charge expenses were HK$143.5 million (US$18.4 million), an increase of 138.0% from the first quarter of 2024. This increase was roughly in line with the growth of our brokerage commission and handling charge income.

    Interest expenses were HK$469.3 million (US$60.3 million), an increase of 50.0% from the first quarter of 2024. The increase was primarily due to higher expenses associated with our securities borrowing and lending business and higher margin financing interest expenses.

    Processing and servicing costs were HK$136.1 million (US$17.5 million), an increase of 40.2% from the first quarter of 2024. The increase was primarily due to higher market information and data fee for enhanced market data coverage.

    Gross Profit

    Total gross profit was HK$3,945.7 million (US$507.2 million), an increase of 85.9% from HK$2,122.2 million in the first quarter of 2024. Gross margin was 84.0%, as compared to 81.9% in the first quarter of 2024.

    Operating Expenses

    Total operating expenses were HK$1,260.4 million (US$162.0 million), an increase of 35.6% from HK$929.5 million in the first quarter of 2024.

    Research and development expenses were HK$386.0 million (US$49.6 million), an increase of 15.1% from the first quarter of 2024. This increase was primarily driven by investment in AI capabilities and related technology initiatives.

    Selling and marketing expenses were HK$459.2 million (US$59.0 million), an increase of 56.9% from HK$292.7 million in the first quarter of 2024. This was mainly driven by strong growth of new funded accounts.

    General and administrative expenses were HK$415.2 million (US$53.4 million), an increase of 37.8% from the first quarter of 2024. The increase was primarily due to an increase in general and administrative personnel to support overseas market development.

    Income from Operations

    Income from operations increased by 125.1% to HK$2,685.3 million (US$345.2 million) from HK$1,192.7 million in the first quarter of 2024. Operating margin increased to 57.2% from 46.0% in the first quarter of 2024 mainly due to strong topline growth and operating leverage.

    Net Income

    Net income increased by 107.0% to HK$2,142.7 million (US$275.4 million) from HK$1,035.1 million in the first quarter of 2024. Net income margin for the first quarter of 2025 increased to 45.6% from 39.9% in the year-ago quarter.

    Non-GAAP adjusted net income increased by 97.7% to HK$2,216.9 million (US$285.0 million) from the first quarter of 2024. Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. For further information, see “Use of Non-GAAP Financial Measures” at the bottom of this press release.

    Net Income per ADS

    Basic net income per American Depositary Share (“ADS”) was HK$15.44 (US$1.98), compared with HK$7.53 in the first quarter of 2024. Diluted net income per ADS was HK$15.28 (US$1.96), compared with HK$7.46 in the first quarter of 2024. Each ADS represents eight Class A ordinary shares.

    Conference Call and Webcast

    Futu’s management will hold an earnings conference call on Thursday, May 29, 2025, at 7:30 AM U.S. Eastern Time (7:30 PM on the same day, Beijing/Hong Kong Time).

    Please note that all participants will need to pre-register for the conference call, using the link

    https://register-conf.media-server.com/register/BIb0180ca92acc4f49b995ccdec654eeb4.

    It will automatically lead to the registration page of “Futu Holdings Ltd First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided in confirmation emails with participant dial-in numbers and personal PINs to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of this conference call will be available at https://ir.futuholdings.com/.

    About Futu Holdings Limited

    Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering fully digitalized financial services. Through its proprietary digital platforms, Futubull and moomoo, the Company provides a full range of investment services, including trade execution and clearing, margin financing and securities lending, and wealth management. The Company has embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders. The Company also provides corporate services, including IPO distribution, investor relations and ESOP solution services.

    Use of Non-GAAP Financial Measures

    In evaluating the business, the Company considers and uses non-GAAP adjusted net income, a non-GAAP measure, as a supplemental measure to review and assess its operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines non-GAAP adjusted net income as net income excluding share-based compensation expenses. The Company presents the non-GAAP financial measure because it is used by the management to evaluate the operating performance and formulate business plans. Non-GAAP adjusted net income enables the management to assess the Company’s operating results without considering the impact of share-based compensation expenses, which are non-cash charges. The Company also believes that the use of the non-GAAP measure facilitates investors’ assessment of its operating performance.

    Non-GAAP adjusted net income is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. This non-GAAP financial measure has limitations as analytical tools. One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company’s operations. Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited.

    The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance.

    For more information on this non-GAAP financial measure, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Results” set forth at the end of this press release.

    Exchange Rate Information

    This announcement contains translations of certain HK dollars (“HK$”) amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from HK$ to US$ were made at the rate of HK$7.7799 to US$1.00, the noon buying rate in effect on March 31, 2025 in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the HK$ or US$ amounts referred could be converted into US$ or HK$, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from the management team of the Company, contain forward-looking statements. Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Futu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Futu’s goal and strategies; Futu’s expansion plans; Futu’s future business development, financial condition and results of operations; Futu’s expectations regarding demand for, and market acceptance of, its credit products; Futu’s expectations regarding keeping and strengthening its relationships with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Futu’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Futu does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor inquiries, please contact:

    Investor Relations
    Futu Holdings Limited
    ir@futuholdings.com

    ___________________________

    1 The number of funded accounts refers to the number of brokerage accounts with Futu that have a positive account balance. Multiple funded accounts by one client are counted as one funded account.
    2 Multiple brokerage accounts by one client are counted as one brokerage account.
    3 The number of users refers to the number of user accounts registered with Futu.
    4 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses.

    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

    (In thousands, except for share and per share data)

      As of December 31,   As of March 31,
      2024   2025   2025
      HK$   HK$   US$
    ASSETS          
    Cash and cash equivalents 11,688,383   6,495,155   834,864
    Cash held on behalf of clients 68,639,816   88,246,095   11,342,832
    Restricted cash 1,121   7,857   1,010
    Term deposit 4,990   5,240   674
    Short-term investments 2,411,074   2,659,746   341,874
    Securities purchased under agreements to resell 316,301   468,788   60,256
    Loans and advances-current (net of allowance of HK$85,252 thousand and HK$133,380 thousand as of December 31, 2024 and March 31, 2025, respectively) 49,695,691   48,552,818   6,240,802
    Receivables:          
    Clients 534,077   717,361   92,207
    Brokers 17,224,387   17,913,085   2,302,483
    Clearing organizations 3,277,063   8,189,215   1,052,612
    Fund management companies and fund distributors 1,210,472   1,773,358   227,941
    Interest 597,483   624,324   80,248
    Amounts due from related parties 61,200    
    Prepaid assets 63,497   68,993   8,868
    Other current assets 160,330   753,181   96,811
    Total current assets 155,885,885   176,475,216   22,683,482
               
    Operating lease right-of-use assets 253,212   390,760   50,227
    Long-term investments 573,190   698,183   89,742
    Loans and advances-non-current 18,805   18,843   2,422
    Other non-current assets 2,025,841   3,055,412   392,730
    Total non-current assets 2,871,048   4,163,198   535,121
    Total assets 158,756,933   180,638,414   23,218,603
    LIABILITIES          
    Amounts due to related parties 79,090     154,011     19,796  
    Payables:          
    Clients 72,379,135     95,452,151     12,269,072  
    Brokers 43,697,746     38,246,431     4,916,057  
    Clearing organizations 503,396     357,842     45,996  
    Fund management companies and fund distributors 507,076     1,509,340     194,005  
    Interest 86,964     69,180     8,892  
    Borrowings 5,702,259     9,897,658     1,272,209  
    Securities sold under agreements to repurchase 2,574,659     929,084     119,421  
    Lease liabilities-current 144,357     132,750     17,063  
    Accrued expenses and other current liabilities 4,936,805     3,316,253     426,259  
    Total current liabilities 130,611,487     150,064,700     19,288,770  
               
    Lease liabilities-non-current 132,924     275,538     35,418  
    Other non-current liabilities 8,061     8,058     1,035  
    Total non-current liabilities 140,985     283,596     36,453  
    Total liabilities 130,752,472     150,348,296     19,325,223  
               
               
    SHAREHOLDERS’ EQUITY          
    Class A ordinary shares 72     72     9  
    Class B ordinary shares 27     27     3  
    Additional paid-in capital 18,807,369     18,885,107     2,427,423  
    Treasury stock (5,199,257 )   (5,199,257 )   (668,294 )
    Accumulated other comprehensive loss (249,916 )   (184,687 )   (23,739 )
    Retained earnings 14,652,946     16,798,269     2,159,188  
    Total shareholders’ equity 28,011,241     30,299,531     3,894,590  
               
               
    Non-controlling interest (6,780 )   (9,413 )   (1,210 )
    Total equity 28,004,461     30,290,118     3,893,380  
    Total liabilities and equity 158,756,933     180,638,414     23,218,603  
               
    FUTU HOLDINGS LIMITED

    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

    (In thousands, except for share and per share data)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
    Revenues          
    Brokerage commission and handling charge income 1,082,107     2,310,220     296,947  
    Interest income 1,354,166     2,070,469     266,131  
    Other income 156,186     313,948     40,354  
    Total revenues 2,592,459     4,694,637     603,432  
    Costs          
    Brokerage commission and handling charge expenses (60,301 )   (143,505 )   (18,446 )
    Interest expenses (312,842 )   (469,333 )   (60,326 )
    Processing and servicing costs (97,103 )   (136,115 )   (17,496 )
    Total costs (470,246 )   (748,953 )   (96,268 )
    Total gross profit 2,122,213     3,945,684     507,164  
               
    Operating expenses          
    Research and development expenses (335,487 )   (385,979 )   (49,612 )
    Selling and marketing expenses (292,664 )   (459,202 )   (59,024 )
    General and administrative expenses (301,335 )   (415,245 )   (53,374 )
    Total operating expenses (929,486 )   (1,260,426 )   (162,010 )
               
    Income from operations 1,192,727     2,685,258     345,154  
               
    Others, net 31,741     (20,598 )   (2,648 )
               
    Income before income tax expense and share of loss from equity method investments 1,224,468     2,664,660     342,506  
               
    Income tax expense (185,641 )   (490,959 )   (63,106 )
    Share of loss from equity method investments (3,694 )   (30,997 )   (3,984 )
               
    Net income 1,035,133     2,142,704     275,416  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,038,138     2,145,323     275,753  
    Non-controlling interest (3,005 )   (2,619 )   (337 )
      1,035,133     2,142,704     275,416  
    Net income per share attributable to ordinary shareholders of the Company          
    Basic 0.94     1.93     0.25  
    Diluted 0.93     1.91     0.24  
               
    Net income per ADS          
    Basic 7.53     15.44     1.98  
    Diluted 7.46     15.28     1.96  
               
    Weighted average number of ordinary shares used in computing net income per share          
    Basic 1,102,929,775     1,113,426,758     1,113,426,758  
    Diluted 1,114,429,420     1,126,352,076     1,126,352,076  
               
    Net income 1,035,133     2,142,704     275,416  
    Other comprehensive (loss)/income, net of tax          
    Foreign currency translation adjustment (29,441 )   65,215     8,382  
    Total comprehensive income 1,005,692     2,207,919     283,798  
               
    Attributable to:          
    Ordinary shareholders of the Company 1,008,732     2,210,552     284,136  
    Non-controlling interests (3,040 )   (2,633 )   (338 )
      1,005,692     2,207,919     283,798  
    FUTU HOLDINGS LIMITED

    UNAUDITED RECONCILIATIONS OF NON-GAAP AND GAAP RESULTS

    (In thousands)

      For the Three Months Ended
      March 31,
    2024
      March 31,
    2025
      March 31,
    2025
      HK$   HK$   US$
               
    Net income 1,035,133   2,142,704   275,416
    Add: Share-based compensation expenses 85,938   74,199   9,537
    Adjusted net income 1,121,071   2,216,903   284,953
               

    Non-GAAP to GAAP reconciling items have no income tax effect.

    The MIL Network

  • MIL-OSI USA: USDA Heeds Pappas’s Call to Unfreeze Acer Grants, Critical Funding for NH Maple Industry

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Following Congressman Chris Pappas’s (NH-01), Co-Chair of the Congressional Maple Caucus, call for the United States Department of Agriculture (USDA) to reinstate grants delivered by the Acer Access and Development Program (Acer), funding for the Acer program has been released.

    “Acer provides important resources for strengthening the domestic maple syrup industry. I’m pleased that the Acer grants have been unfrozen, but our producers worked tirelessly this season. They should not have been left uncertain about whether they would receive funds that they were promised,” said Congressman Pappas. “We can’t ignore this recurring theme from the current administration in freezing or revoking funds for our communities that will have lasting negative impacts. We can work responsibly to reduce government waste and fraud without holding back the resources New Hampshire small businesses need.”

    Acer provides essential support to the maple syrup industry in the Northeast and Upper Midwest, and freezing these grants as the administration places tariffs on Canada, one of the U.S.’s closest allies, put the livelihoods of maple producers at risk. Much of the equipment used to produce syrup and other maple products is manufactured in Canada, and tariffs will raise prices in an unsustainable manner for New Hampshire’s maple producers

    Background: 

    Congressman Pappas leads the Fighting Budget Waste Act, which was the first bill he introduced in the 119th Congress. This bipartisan bill will save taxpayer dollars by requiring the Office of Management and Budget (OMB) to consider the Government Accountability Office’s (GAO) annual report on federal programs with fragmented, overlapping, or duplicative goals from the prior year to address problems with those programs and reduce costs.

    Congressman Pappas is a small business owner and a former member of the House Small Business Committee.

    MIL OSI USA News

  • MIL-OSI USA: WATCH: Pappas Speaks in Opposition to Republicans’ Proposal to Gut Medicaid

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    This morning at 1:45 AM, Congressman Chris Pappas (NH-01) delivered the following remarks on the House floor before voting against Republicans’ reconciliation bill: 

    “I rise tonight because health care is on the line, and so is the well-being and the dignity of the people I serve in New Hampshire. 

    The phones in my office won’t stop ringing because people I represent are beyond angry about the proposal to slash Medicaid. 

    Last week, I sat down with a constituent, Donka Facciolo of Laconia. She lives with a disability, and thanks to Medicaid, she receives skilled nursing, transportation, and employment support. Because of that help, she can live on her own. And another constituent that I met, Kevin Brett, told me the same. Without Medicaid, he’s not sure where he’d go. Parents of individuals with disabilities have told me that they could lose in-home care for their kids, and in doing so they’d be forced to quit their jobs. What kind of choice is that for these parents?

    Slashing Medicaid is cruel. It would take away Granite Staters’ ability to receive care, their chance to work, it would rob them of their independence. And we know that it’s all being ripped away in order to give big tax breaks to billionaires and the biggest corporations.

    So I’m a no on this reckless scheme. I urge my colleagues to vote no as well.”

    MIL OSI USA News

  • MIL-OSI USA: Pappas Continues to Fight for Veterans Put at Risk of Losing Their Homes

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Today Representatives Chris Pappas (NH-01), a member of the House Veterans’ Affairs Committee (HVAC) and Ranking Member of the Subcommittee on Economic Opportunity, and Mark Takano (CA-39), Ranking Member of HVAC, held a press conference with National Fair Housing Alliance Vice President Public Policy and Senior Counsel for Fair Lending, Maureen Yap and Senior Attorney at the National Consumer Law Center, Alys Cohen to call attention to the Department of Veterans Affairs (VA) ending of the Veterans Affairs Servicing Purchase (VASP) program – the only VA program that guaranteed foreclosure avoidance for veterans experiencing severe financial hardship, helping them stay in their homes. 

    “It’s important to understand that 80,000 veterans at risk have been put at risk by the abrupt ending of the VASP program… I’ve heard from veterans directly that are concerned about their future,” said Congressman Pappas. “This isn’t about statistics, it’s not about hypothetical situations, it’s about real people. It’s about real veterans that swore an oath to give everything up to and including their lives for the United States of America who deserve our unwavering commitment to be able to provide them a roof over their head and to make sure they won’t get foreclosed on. So this shouldn’t be a partisan issue. This is a moral issue, and something that we will continue to call VA on to address and to make sure that they are providing the kind of support that our veterans need, whether that’s in the form of a foreclosure moratorium or reimplementing VASP while we work on this partial claims program. We need a solution today so that veterans like Daniel in my district get the help and support that they deserve.”

    Watch Congressman Pappas’s remarks here or the full press conference here

    The VASP program was created as a “last-resort” option for veterans and their family members facing foreclosure on VA-backed loans following the expiration of pandemic programs, which when coupled with rising interest rates, increased the risk of default for thousands of veterans. Before its termination, VASP was the only program of last resort that existed for veterans facing immediate foreclosure, and helped over 17,000 veterans since the program launched in 2024. By abruptly ending this program on May 1 with no alternative in place, 80,000 veterans and their families now face the prospect of losing their homes with no relief mechanism in place.

    Background: 

    In April, Pappas spoke out forcefully against the administration abruptly ending the Veterans Affairs Servicing Purchase Program (VASP) during a House Veterans’ Affairs Subcommittee on Economic Opportunity markup. He joined a bicameral letter pressing Department of Veterans Affairs (VA) Secretary Doug Collins to immediately reverse his decision to abruptly end VASP. Earlier this month, in a HVAC markup, Pappas spoke out against the decision to end VASP, and in a HVAC hearing with VA Secretary Collins, Pappas rebuked the Secretary for ending the program. 

    In January, Pappas joined a letter to U.S. Department of Veterans Affairs (VA) Acting Secretary Todd Hunter demanding answers about how VA is implementing President Trump’s Inaugural Executive Order to freeze hiring across the executive branch and how it is hurting veterans’ access to the health care and benefits they earned. In March, Pappas condemned reports that the Trump administration is planning to cut 80,000 staff from the Department of Veterans Affairs (VA), which could have catastrophic consequences for America’s veterans and cause significant delays and disruptions for those seeking medical treatment, as well as support for housing, addiction, mental health, and other lifesaving services. These firings would also result in job losses for thousands of veterans, who make up 25% of VA’s workforce.

    MIL OSI USA News

  • MIL-OSI USA: NH Delegation Demands Department of Education Deliver Federal Funding Notices to New Hampshire TRIO Programs

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    Congressman Chris Pappas (NH-01) joined Congresswoman Maggie Goodlander (NH-02), Senator Jeanne Shaheen, and Senator Maggie Hassan in sending a letter to Education Secretary Linda E. McMahon and the Office of Management and Budget Director Russell Vought demanding the Administration deliver the federal funding allocated to New Hampshire’s TRIO programs. 

    TRIO programs provide support to individuals from low-income backgrounds, students who would be the first person in their families to earn a college degree, students with disabilities, and other students to attend college. From personalized tutoring to personal mentoring and advising, to assistance applying for and identifying funding options, TRIO programs make a real difference in a student’s ability to attend and complete college. 

    “The TRIO Programs are a cornerstone of our nation’s commitment to educational access and upward mobility,” the delegation wrote.“The ongoing delay in issuing GANs is already having real-world consequences in our home state of New Hampshire. We are particularly concerned about the damage being caused by the Department’s delayed notification to the University of New Hampshire’s (UNH) Upward Bound program. UNH’s program is slated to begin June 1. They only have enough carryover funding for roughly one month before they would need to lay off staff and shutter a program that has had such a significant positive impact on the lives of so many Granite Staters. We urge you to act without further delay to ensure that TRIO programs can operate on schedule and provide the services that New Hampshire’s students and those across the country are counting on.” 

    “TRIO programs provide academic tutoring, personal counseling, mentoring, financial guidance, summer academies, and other supports necessary to help economically disadvantaged students enter college and graduate,” said Joshua Gagnon, President, NH Educational Opportunity Association. “We know that TRIO works – students who participate in Upward Bound are more than twice as likely to earn a bachelor’s degree by age 24 than their peers. If grant notices are not received by June 1, over 14,000 students nationally – including 114 students in NH – could miss out on this life-changing educational opportunity.”

    Read the delegation’s full letter here.

    MIL OSI USA News

  • MIL-OSI USA: Pappas, Shaheen Renew Bipartisan, Bicameral Push to Establish Nationwide Programs to Mitigate Impacts of Childhood Trauma

    Source: United States House of Representatives – Congressman Chris Pappas (D-NH)

    **The bipartisan bill would model proven programs like Manchester’s ACERT to allow local entities to receive grant funding to address adverse childhood experiences associated with exposure to trauma**

    Representatives Chris Pappas (NH-01) and John Rutherford (FL-05) joined U.S. Senators Jeanne Shaheen (D-NH) and Marsha Blackburn (R-TN) today to reintroduce the bipartisan National Adverse Childhood Experiences Response Team (ACERT) Grant Program Authorization Act in both the U.S. Senate and the U.S. House of Representatives. The legislation would establish a grant program to provide federal resources for communities across the country to address adverse childhood experiences associated with exposure to trauma by connecting law enforcement and first responders with local child specialists and professionals. The lawmakers’ legislation models successful programs like Manchester’s ACERT to mitigate the impact of traumatic childhood experiences.

    “Adverse childhood experiences can have lifelong impacts on our children and our communities. As we’ve seen in Manchester and across New Hampshire, ACE response teams, or ACERTs, have been key to preventing future incidents of childhood trauma and supporting our kids, no matter what is going on in their lives,” said Congressman Pappas. “ACERTs partner law enforcement, firefighters, and first responders with child advocates and health providers so that children are put on a path to receiving the care they need as quickly as possible after a traumatic incident. We have already seen the positive impacts that these programs have brought to our local communities in New Hampshire. I’m proud to once again join Senator Shaheen in introducing this bipartisan legislation to make ACERT programs available nationwide.” 

    “Experiencing trauma as a child can have damaging long-term effects on a person’s life – including on one’s physical, mental and emotional development. There’s more we can do to prevent and mitigate those effects early on, which is why I’m proud to introduce legislation with bipartisan support in the House and Senate to help do just that,” said Senator Shaheen. “Our bill would provide first responders and law enforcement with the tools they need to administer early intervention and trauma-informed care for affected families in the Granite State and beyond. The programs our legislation supports are crucial to ensuring children and families can break the cycle of trauma and lead healthy, successful lives.” 

    “We must ensure that we provide every necessary resource to combat childhood trauma for Tennessee communities in need,” said Senator Blackburn. “Due to trauma’s effects on brain development, early intervention is crucial to alleviate the effects of childhood trauma and prevent long-term harm. Tennessee is home to one of the leading Adverse Childhood Experiences (ACE) programs, Building Strong Brains, which serves as a national model for programs around the country. The National ACERT Grant Program Authorization Act would build on Tennessee’s progress by giving each state the tools they need to deliver services and care to children who have experienced trauma.”

    “As a former sheriff, I have seen firsthand the long-term negative effects trauma can have on a child and their family,” said Congressman Rutherford. “Responding to an emergency is just the first step, what happens after can shape a child’s future. The ACE Response Teams (ACERTs) program brings together law enforcement officers, first responders, mental health professionals, and child advocates to respond quickly after a traumatic incident and provide families with the services they need to help children heal and grow.” 

    ACEs, or Adverse Childhood Experiences, are events in a child’s life which have a heavy impact on their future wellbeing, success in life and risk of violence. This legislation would allow for the creation of ACE Response Teams (ACERTs) which would provide services and care to children who have experienced trauma.     

    The legislation authorizes $10 million a year for four years for the Department of Justice (DOJ) and Department of Health and Human Services (HHS) to establish a national ACERT program, modeled on the pilots here in New Hampshire. That Senate proposal would provide $10 million for DOJ and HHS to establish a national ACERT program, modeled on the pilots here in New Hampshire.   

    MIL OSI USA News

  • MIL-OSI China: Coach Almada leaves Pachuca before Club World Cup

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

    Pachuca parted ways with Uruguayan manager Guillermo Almada on Wednesday, just three weeks before the club’s debut at the FIFA Club World Cup in the United States.

    The decision comes after Pachuca was eliminated in the quarterfinals of Mexico’s Liga MX Clausura tournament earlier this month by Club America.

    “Manager Guillermo Almada concluded his brilliant tenure at the helm of our team today, bidding goodbye to players, staff, directors and collaborators with an emotional farewell,” Pachuca said in a statement.

    Almada led Pachuca to 72 wins, 39 draws and 45 losses after taking charge of the club in December 2021.

    The 58-year-old guided the club to the 2022 Liga MX Apertura title, the 2024 CONCACAF Champions Cup and a runner-up finish to Real Madrid at the 2024 Intercontinental Cup.

    “Today I close a wonderful stage of my life, and I do so with a heart overflowing with gratitude,” said Almada.

    Pachuca will begin its Club World Cup campaign against Red Bull Salzburg in Cincinnati on June 18 before also facing Al-Hilal and Real Madrid in the group stage.

    MIL OSI China News