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Category: Politics

  • MIL-OSI Russia: Marat Khusnullin: Applications are being accepted for the seventh stream of the “Architects.rf” program

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The professional development program “Architects.rf”, launched in 2018 on behalf of the President, is being implemented by “DOM.RF” with the support of the Government and the Ministry of Construction of Russia. Since 2025, it has become part of the new national project “Infrastructure for Life”. On April 28, the selection stage for the new stream began, Deputy Prime Minister Marat Khusnullin reported.

    “The President has set ambitious goals for the construction industry – not just to build a lot, but to do it well, with soul, creating a comfortable and beautiful environment for people to live in. Architecture is the face of our communities, and it is important that talented, courageous specialists who are able to combine functionality, aesthetics and modern technologies work in the country. The Architects.rf program helps to form a new generation of professionals who will change the face of Russia for the better. Today, about half of the graduates of previous streams work in government agencies and subordinate organizations. Applications for the seventh stream will be accepted until May 18. 100 specialists from different regions of Russia will again become participants in the program,” said Marat Khusnullin.

    Not only qualified architects and urban planners, but also sociologists, ecologists, geographers, cultural scientists, political scientists, economists, anthropologists, lawyers and specialists in the field of tourism and communications are invited to participate in the competitive selection.

    “Over the past six years, the Architects.rf program has united more than 600 professionals working on the development of Russian cities – architects, urbanists, sociologists – all those who thoughtfully create a high-quality and modern urban environment for the residents of our country and future generations. By decision of the President, the deficit of specialists who are tasked with implementing strategies for the development of cities and agglomerations is being filled. Today, Architects.rf is both a platform for career growth and a springboard for realizing the ambitions of city managers, urban planners, and urbanists. Together, they are creating a new architectural culture for Russia while preserving the heritage of the past. Our educational program is an important tool for the high-quality and long-term development of territories: from dynamic megacities to small villages in the Far North,” said Vitaly Mutko, CEO of DOM.RF.

    At the first stage of the competitive selection, candidates will need to fill out a questionnaire and send a professional portfolio. Successful contestants will be offered a video interview. The final stage of the selection will be a meeting of the expert commission, which will determine the composition of the seventh stream of the leadership program.

    The finalists will undergo an educational program lasting approximately eight months, consisting of four full-time modules. It includes various training formats, including research trips around Russia and abroad, lectures, meetings with experts, and work in project groups. The students of the program will become part of a professional interdisciplinary community of graduates.

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

    MIL OSI Russia News –

  • MIL-OSI Video: Pope Francis Funeral, Syria & other topics – Daily Press Briefing (25 April 2025) | United Nations

    Source: United Nations (Video News)

    Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

    Highlights:
    – Secretary-General Travel
    – Deputy Secretary-General
    – Syria
    – Occupied Palestinian Territory
    – Sudan
    – Democratic Republic of the Congo
    – South Sudan
    – Haiti
    – Nigeria
    – Refugee Funding Cuts
    – ECOSOC
    – International Days
    – Briefings – Monday

    Secretary-General travel
    The Secretary-General arrived today in Rome, where tomorrow, he will attend the funeral of Pope Francis at St. Peter’s Square. He will be back in the office on Monday.
    There will be a plenary meeting of the UN General Assembly to pay tribute to the memory of Pope Francis on Tuesday, in the General Assembly Hall at 3 pm.   The Secretary-General will speak at that meeting.
    And the UN flag will be flown at half-staff on Tuesday, as well.

    DEPUTY SECRETARY-GENERAL
    The Deputy Secretary-General, Amina Mohammed will travel to Montevideo, Uruguay, later today to chair the annual regional retreat with UN Resident Coordinators from across the Latin America and the Caribbean region. Ms. Mohammed will also meet with senior government officials to strengthen the UN-Uruguay partnership and discuss priority actions to support the Sustainable Development Goals. She will return to New York on April 29.

    SYRIA
    This morning, the Security Council held an open briefing on Syria. Special Envoy for Syria, Geir Pedersen, told Council members that the political transition in Syria is now at a truly critical juncture. He added that in his recent discussions with the interim authorities, including Mr. Ahmad Al-Sharaa, he stressed the need for future constitutional process that involves all of Syria’s societal and political components.
    For her part, Ms. Joyce Msuya, Assistant Secretary-General for Humanitarian Affairs, said that nearly three quarters of the population in Syria are in need and 7 million are displaced.
    Since the start of the year, 960 trucks have delivered aid through the cross-border operation from Türkiye – more trucks than during the whole of 2024. However, we need more funding to sustain this work, let alone scale it further, she said.

    Full Highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=25%20April%202025

    https://www.youtube.com/watch?v=5mSdzhiqwsY

    MIL OSI Video –

  • MIL-OSI Video: Peacekeeping: Berlin Ministerial (13-14 May) to Shape Future Missions and Reforms | United Nations

    Source: United Nations (Video News)

    Peacekeeping Chief Jean-Pierre Lacroix today (24 Apr) told reporters in New York that the Peacekeeping Ministerial 2025, taking place in Berlin on 13-14 May, will be “a very important opportunity” for the UN and Member States to determine how to address challenges to ensure peacekeeping remains an “important, viable, credible and effective tool of the United Nations and multilateralism in the future.”

    Lacroix said another issue to be discussed will be “how we can make peacekeeping more cost effective, because we are aware that we are operating, and we will be operating under increasingly severe financial constraints.”

    He confirmed that Secretary-General António Guterres “will be participating in the Berlin meeting in two weeks’ time.”

    Joining Lacroix, Germany’s State Secretary at the Federal Ministry of Defence, Nils Hilmer said, “we are convinced that UN peacekeeping has proven to be one of the most important tools the international community has an international crisis management. However, we still face many challenges with regards to changing conflict dynamics, disinformation campaign, or targeting missions. Hence, it is all the more important to discuss about the future of peacekeeping.”

    Hilmer said, “we want to provide a forum for Member States to discuss how we can continue making UN peacekeeping strong, effective and fit for the future,” adding that “by participating at the Berlin Ministerial, delegations can underline their political support for UN peacekeeping, contribute to closing critical capability gaps, and reinvigorate UN peacekeeping reform efforts.”

    The results of the discussions, he said, “will provide important input to the UN Secretary-General’s review on the future of all forms of peace operations mandated in the Pact for the Future.”

    The goal of the Berlin Ministerial, Hilmer explained, will be to “ensure UN peacekeeping remains at a sufficient level of preparedness for both current and potential future missions, and we want to increase overall mission effectiveness while enhancing safety and security of our personnel deployed.”

    Germany’s Director-General for International Order, United Nations, and Disarmament at the Federal Foreign Office, Katharina Stasch, said the Berlin Ministerial’s aim, “is really to provide a follow up to the Pact for the Future. Actions must follow words.”

    Responding to journalists’ questions, Lacroix said, “the United States is and has always been a very important part, and I should say, also a very important supporter of peacekeeping operation throughout the years. And we look forward to continuing cooperation with the United States. Now, when it comes to finances, I think that in any case, we are looking at times where financial resources will be limited. I think a very important challenge, to all of us really, is how we can improve the cost efficiency of peacekeeping.”

    He said, “we operate on mandates, you know, those mandates are given to us by Member States, by the Security Council. We keep telling our Member States, please prioritize those mandates. You know, make sure that, you know, we know what are the key mandated tasks from your point of view that we have to implement. And then please give us an adequate level of resources, and please pay on time and in full.”

    Leading up to the 80th anniversary of the United Nations and marking the 10-year anniversary of the Leaders’ Summit on Peacekeeping, the 2025 Berlin UN Peacekeeping Ministerial is the latest in a series of meetings held at the Head of State, Government, or Ministerial level.

    The UN Peacekeeping Ministerial will serve as a high-level political forum to discuss the future of peacekeeping and for Member States to express and demonstrate their political support. It will also provide a platform for delegations to announce substantial pledges in support of closing capability gaps and adapting peace operations to better respond to existing challenges and new realities, in line with the pledging guide.

    https://www.youtube.com/watch?v=yDTwQDb56gU

    MIL OSI Video –

  • MIL-OSI Europe: Written question – The upgrading of the EU’s repressive mechanisms through ProtectEU at the expense of the people and their struggles against its war plans – E-001566/2025

    Source: European Parliament

    Question for written answer  E-001566/2025
    to the Commission
    Rule 144
    Kostas Papadakis (NI)

    The ‘European Internal Security Strategy’ (ProtectEU), along with the ‘White Paper’, the ‘Preparedness Strategy’ and the ‘European Democracy Shield’, complete the armouring of the EU framework for EU war preparation in the context of intensifying competition with China and Russia but even also the US – the simultaneous confrontation of the ‘enemy within’ for repression at the expense of the people.

    In view of this:

    • 1.What is the Commission’s position on the fact that the protection of ‘critical infrastructure’ in the context of war preparations bears no relation to the real needs of the people for civil protection, such as flood and fire protection measures, which have for a long time demonstrably not been included among the priorities of the EU and bourgeois governments, as they do not guarantee immediate profits for monopoly groups, in contrast to the war industry for which good money is paid by the people?
    • 2.What is the Commission’s position on the fact that infrastructure that is truly critical for the people, such as highways, bridges, railways, etc., is, due to the priority given to the war economy and ‘military mobility’, being devalued and condemned to decline without the required funding from the EU and governments, resulting in great risks to the safety and lives of passengers and workers, but at the same time the transport of NATO war cargo constitutes a risk to life and the potential cause of a large-scale accident?
    • 3.What is the Commission’s position on the fact that the upgrading of the role of the EU’s repressive mechanisms, as reflected in the ‘security strategy’, signals an intensification of the attack on the people and the suppression of workers’ and popular mobilisations against its war plans?

    Submitted: 17.4.2025

    Last updated: 28 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Maritime Spatial Planning – Greece’s non-compliance with European law – P-001602/2025

    Source: European Parliament

    Priority question for written answer  P-001602/2025
    to the Commission
    Rule 144
    Nikolaos Anadiotis (NI)

    According to Directive 2014/89/EU[1], Member States were required to adopt and implement maritime spatial plans by 31 March 2021. Greece has not yet complied, which affects not only its national interests but also the interests of the EU as a whole, as it undermines the uniform application of European law and the sustainable development of maritime areas.

    The Greek government invoked force majeure, namely the negotiations on the delimitation of the EEZ with Egypt, among others. However, on 27 February 2025, the Court of Justice of the European Union definitively condemned Greece for its non-compliance (case C-128/24[2]), rejecting the argument by noting that the obligation to comply cannot be suspended due to bilateral negotiations and that Member States must comply with their obligations regardless of internal or external factors, and imposed a fine. On 16 April 2025, the Greek Government hastily published an ‘MSP Charter’.[3]

    In view of the above, does the charter in question meet the requirements of the directive and is it sufficient to suspend the administrative fine that Greece is paying for its non-compliance immediately, following the rulings against it by the European Court?

    Submitted: 22.4.2025

    • [1] https://eur-lex.europa.eu/eli/dir/2014/89/oj?eliuri=eli%3Adir%3A2014%3A89%3Aoj&locale=el.
    • [2] https://eur-lex.europa.eu/legal-content/EL/TXT/?uri=CELEX%3A62024CJ0128
    • [3] https://www.mfa.gr/gia-proti-fora-sti-chora-thalassios-chorotaxikos-schediasmos-2/
    Last updated: 28 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Highlights – The 2 Pillar framework in view of international developments and the EU-US relations – Subcommittee on Tax Matters

    Source: European Parliament

    On 15 May 2025, from 11:15 to 12:30, the FISC Subcommittee will host a public hearing on “The implementation of the 2 Pillar framework in view of international developments and the EU-US relations”.

    With the change of government in the United States, the hearing will assess the implications for the EU’s approach to global tax governance and explore the implementation of the OECD’s 2-Pillar framework. This framework aims to address global tax challenges by ensuring that multinational corporations pay at least a minimum level of taxes and contribute their fair share to public finances in the countries where they operate.

    Additionally, the discussion will examine how these developments influence ongoing tax negotiations at the UN level and what role the EU can play in shaping a fair and sustainable global tax system. The hearing will provide an opportunity a platform for experts to assess the current state of international tax cooperation and discuss potential avenues for future reforms.

    MIL OSI Europe News –

  • MIL-OSI Europe: Hearings – The 2 Pillar framework in view of international developments and the EU-US relations – 15-05-2025 – Subcommittee on Tax Matters

    Source: European Parliament

    On 15 May 2025, from 11:15 to 12:30, the FISC Subcommittee will host a public hearing on “The implementation of the 2 Pillar framework in view of international developments and the EU-US relations”.

    With the change of government in the United States, the hearing will assess the implications for the EU’s approach to global tax governance and explore the implementation of the OECD’s 2-Pillar framework. This framework aims to address global tax challenges by ensuring that multinational corporations pay at least a minimum level of taxes and contribute their fair share to public finances in the countries where they operate.

    Additionally, the discussion will examine how these developments influence ongoing tax negotiations at the UN level and what role the EU can play in shaping a fair and sustainable global tax system. The hearing will provide an opportunity a platform for experts to assess the current state of international tax cooperation and discuss potential avenues for future reforms.

    MIL OSI Europe News –

  • MIL-OSI Europe: REPORT on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season – A10-0079/2025

    Source: European Parliament

    DRAFT EUROPEAN PARLIAMENT LEGISLATIVE RESOLUTION

    on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season

    (COM(2025)0099 – C10‑0041/2025 – 2025/0051(COD))

    (Ordinary legislative procedure: first reading)

    The European Parliament,

    – having regard to the Commission proposal to Parliament and the Council (COM(2025)0099),

    – having regard to Article 294(2) and Article 194(2) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C10‑0041/2025),

    – having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

    – having regard to the opinion of the European Economic and Social Committee of 26 March 2025[1],

    – having regard to the opinion of the Committee of the Regions of …[2],

    – having regard to Rule 60 of its Rules of Procedure,

    – having regard to the report of the Committee on Industry, Research and Energy (A10-0079/2025),

    1. Adopts its position at first reading hereinafter set out;

    2. Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal;

    3. Instructs its President to forward its position to the Council, the Commission and the national parliaments.

     

    Amendment  1

    AMENDMENTS BY THE EUROPEAN PARLIAMENT[*]

    to the Commission proposal

    ———————————————————

     

    REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

    Amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season

    THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

    Having regard to the Treaty on the Functioning of the European Union, and in particular Article 194(2) thereof,

    Having regard to the proposal from the European Commission,

    After transmission of the draft legislative act to the national parliaments,

    Acting in accordance with the ordinary legislative procedure,

    Whereas:

    (1) Regulation (EU) 2022/1032 of the Parliament and of the Council[3] was adopted in reaction to the gas-supply crisis and unprecedented price increases caused by the escalation of the Russia’s ongoing unjustified and unprovoked war of aggression against Ukraine since February 2022, impelling the Union to act in a coordinated and comprehensive manner to avoid potential risks resulting from further gas-supply disruptions.

    (2) Regulation (EU) 2022/1032 amended Regulation (EU) 2017/1938 by introducing a temporary legal framework for measures regarding the filling level of underground storage facilities to strengthen the security of gas supply in the Union, in particular gas supplies to protected customers.

    (3) Gas-storage facilities provide for 30% of the Union’s gas consumption during the winter months, and well-filled underground gas-storage facilities as well as gas demand reduction contribute substantially to the security of gas supply by providing additional gas in the event of high demand or supply disruptions.

    (4) The laying down of a mandatory target to ensure that gas-storage facilities are 90% full by 1 November (filling target), with a series of intermediate targets for each Member State in February, May, July and September of the following year ▌(filling trajectory), proved to be fundamental during the energy crisis sparked by Russia’s war of aggression against Ukraine and Russia’s weaponisation of its gas supplies in both: (i) weathering the gas-supply shortages; and (ii) reducing market uncertainties and price volatility.

    (5) Despite the substantial improvement of the gas market situation compared to the period 2022-2023 ▌, the European gas market remains tight and the geopolitical situation remains unclear. More intense competition for global LNG supplies can increase Member States exposure to price volatility. ▌In such situation, the role of gas storages remains paramount. ▌

    (6) Pursuant to Regulation (EU) 2017/1938 the obligation of the Member States to follow an annual filling trajectory and to ensure that the filling target is achieved by 1 November of each year expires on 31 December 2025.

    (6a) Since 2022, the Union has substantially succeeded in making gas supplies more secure by increasing LNG imports from trustworthy global partners and is aiming to fully eliminate the Union’s reliance on Russian fossil fuels, building on the progress of REPowerEU. The Union has developed new regasification facilities and port terminals, while also establishing a liquid gas market that ensures strong resilience against potential disruptions in the remaining Russian pipeline supplies.

    (6b) The changed global political environment has to be taken into account with regard to the reliability of the gas suppliers and gas supplying countries.

    (7) In the light of the European success to derisk its gas import structure, the overall framework to meet the Union’s need for natural gas must strike a balance between energy security and the return to market-based principles. It must thus be flexible enough during the filling season to allow a swift reaction to constantly changing market conditions and in particular to take advantage of the best purchasing conditions in order to bring down gas prices in Europe. The filling target should therefore be lowered to 83 %

    (8) To enhance market stability and mitigate the risk of undue price volatility potentially triggered by intermediary filling targets, it is appropriate to provide increased flexibility for storage filling. Member States should therefore provide indicative filling plans on a yearly basis that could include where appropriate an indicative filling trajectory and should allow for storage filling in such a way that there is sufficient flexibility available for market participants throughout the year, taking into account Recommendation (2025)1481.

    (8a) Member States should have the possibility to deviate by up to four percentage points from the filling target in the case of unfavourable market conditions, relating, inter alia, to factors such as supply and demand and competition, or of trading activities hindering cost-effective storage filling, that significantly limit the ability to ensure that the gas storages are filled in accordance with this Regulation.

    (8b) Moreover, the Commission should be empowered to adopt delegated acts to amend for one filling season the level of the allowed deviation of four percentage points by increasing it by up to an additional four percentage points, in the case of persistent unfavourable market conditions.

    (8c) The cumulative effects of the flexibilities and derogations in this Regulation should not bring down the overall storage filling obligations under 75 %.

    (9) The Commission’s assessment of the current energy-security framework has confirmed the positive impact of the storage-filling requirements on the security of gas supply and those positive effects should be preserved beyond 2025. Extending these measures would not only contribute to the continued safeguarding of supply security, but would also constitute a key instrument in the Union’s efforts to eliminate its dependence on imports of gas originating in the Russian Federation.

    (9a) At the same time this Regulation should respond to current and future changes in the natural gas markets and contribute to the strategic objective of bringing down energy prices and facilitate the gradual return towards market-based mechanisms for storage refilling.

    (9b) In order to maintain the security of supply and the appropriate level of filling, the Commission should continuously monitor the market and explore ways that could help meet the filling target, for example using demand aggregation and joint purchasing mechanisms.

    (10) It is therefore necessary to extend by two years the relevant gas storage filling provisions that provide predictability and transparency as to the utilisation of gas-storage facilities across the Union while at the same time introducing some flexibility into this Regulation.

    (10a) In line with the Commission’s commitment to better regulation and simplification, and reflecting the overall improvement in the Union’s energy security framework, the monitoring of compliance with this Regulation should place greater trust in the Member States’ administrative capacities. The supervisory burden on the Commission should be reduced accordingly, with a shift towards lighter-touch reporting obligations and streamlined procedures. This approach reinforces the principle of subsidiarity, avoids unnecessary administrative complexity, and is consistent with the Commission’s simplification efforts as outlined in its Work Programme 2025.

    (10b) Regulation (EU) 2017/1938 should be revised by the Commission in due time and before 2027 to be adapted to the evolving energy landscape and to reflect the future needs for gas storage. Among other issues, any amendments should address the limitations of the current definition of “protected customers”, the prevention of speculation on the gas markets and speculative activities that artificially inflate prices, the role of energy efficiency measures leading to verifiable gas demand reduction and how this could be used for further flexibilities by Member States and consider the framework under an evolving energy mix that will have an increased role of alternative sources to gas such as renewable energy sources, hydrogen together with the role of energy efficiency.

    (11) Regulation (EU) 2017/1938 should therefore be amended accordingly,

    HAVE ADOPTED THIS REGULATION:

    Article 1

    Amendment to Regulation (EU) 2017/1938

     

    ▌Regulation (EU) 2017/1938 is amended as follows:

    (1) in Article 2, point 27 is deleted;

    (2) Article 6a is amended as follows:

    (a) the title is replaced by the following: ‘Filling target’;

    (b) in paragraph 1, the first subparagraph is replaced by the following:

    ‘1. Subject to paragraphs 2 to 5, Member States shall meet the filling target of 83 % for the aggregated capacity of all underground gas storage facilities that are located on their territory and directly interconnected to a market area in their territory and for storage facilities listed in Annex Ib at any point in time between 1 October and 1 December each year.’;

    (c) the following paragraphs are inserted:

    ‘5a.  Notwithstanding paragraph 1 and without prejudice to the obligation of other Member States to fill the underground gas storage facilities concerned, Member States may decide to deviate by up to four percentage points, from the filling target set out in paragraph 1 for each Member State if market conditions are unfavourable for filling underground gas storage facilities.

    5b. In duly justified cases of persistent unfavourable market conditions, and provided that the security of supply of the Union and the Member States is not undermined, the Commission is empowered to adopt delegated acts in accordance with Article 19 to amend this Regulation by increasing the allowed deviation for Member States, as laid down in paragraph 5a by up to 4 percentage points.

    In its assessment, the Commission shall in particular take into account the level of storage filling in the Member States, global gas supply, ENTSOG’s seasonal supply outlook, and indications of market manipulation. It may also take into consideration Member State measures, such as the deployment of gas demand-reduction measures for gas that achieve equivalent gas reductions during the following withdrawal season.

    5c. Member States referred to in paragraph 2 may under the same conditions as those provided for in paragraph 5a decide to deviate by up to 1,55 % below the volume set out in paragraph 2.

    5d. Before using any of the deviations provided for in paragraphs 5a and 5c, each Member State shall consult the Commission and provide without undue delay a justification for its decision. The Commission shall promptly inform the GCG about the cumulative effects of all deviations pursuant to paragraphs 5a and 5c and any directly affected Member States.’;

    (d) paragraph 6 and 7 are replaced by the following:

    ‘6. In order to meet the filling target, Member States shall take all necessary measures and strive to follow the filling plan defined in accordance to paragraph 7.

    7. Member States with underground gas storage facilities shall submit to the Commission in due time an indicative filling plan for the whole calendar year to reach the yearly gas storage filling target set in paragraph 1. The plan shall include technical information for the underground gas storage facilities on its territory and shall be directly interconnected to its market area in an aggregated form.’;

    (e) paragraph 8 is deleted;

    (f) paragraphs 10 and 11 are replaced by the following:

    ‘10. The competent authority of each Member State shall continuously monitor compliance with the filling target as set in the filling plan and shall report regularly and at least once per month to the Commission and the GCG. If it is foreseen that the target cannot be met, the competent authority shall, without delay, take effective measures to meet the target. Member States shall inform the Commission and the GCG of the measures taken.

    11. In the event of a substantial and sustained deviation by a Member State from the filling plan, which compromises the meeting of the filling target or in the event of a deviation from the filling target, the Commission shall, where appropriate, after consulting the GCG and the Member States concerned, issue a recommendation to that Member State or to the other Member States concerned regarding measures to be taken immediately to remedy the deviation or to minimize the impact on the security of supply, considering inter alia possible unfavourable market conditions. and specificities of Member States, such as the technical characteristics and size of the underground gas storage facilities in relation to the domestic gas consumption, the declining importance of the underground low calorific gas storage facilities for the security of gas supply, and existing LNG storage capacity.

    11a. When a Member State does not meet the filling target set in paragraph 1 thus endangering the security of supply of the Union, the Commission shall adopt an implementing act setting a filling plan for that Member State for the year after, based on the technical information provided by each Member State and taking into account the assessment of the GCG. That implementing act shall be adopted in accordance with the examination procedure referred to in Article 18a(2). It shall be based on an assessment of the general security of gas supply situation and the development of gas demand and supply in the Union and individual Member States with the aim of safeguarding the security of gas supply.’;

    (3) Article 6b is amended as follows:

    (a) the title is replaced by the following: ‘Implementation of the filling target’;

    (b) in paragraph 1, the first subparagraph is replaced by the following:

    ‘1. Member States shall take all necessary measures to meet the filling target set pursuant to Article 6a. When ensuring that the filling target is met, Member States shall prioritise, where possible, market-based measures.’;

    (c) paragraph 2 is replaced by the following:

    ‘2. The measures taken by the Member States pursuant to paragraph 1 shall be limited to what is necessary to meet the filling target. They shall be clearly defined, transparent, proportionate, non-discriminatory and verifiable. They shall not unduly distort competition or the proper functioning of the internal market in gas, unduly increase energy costs or endanger the security of gas supply of other Member States or of the Union. Member States shall inform the Commission and the GCG of any such measures.’;

    (4) Article 6c is amended as follows:

    (a) in paragraph 1, first subparagraph is replaced by the following:

    ‘1. A Member State without underground gas storage facilities shall ensure that market participants within that Member State have in place arrangements with underground storage system operators or other market participants in Member States with underground gas storage facilities. Those arrangements shall provide for the use, by 1 December, of storage volumes corresponding to at least 15 % of the average annual gas consumption over the preceding five years of the Member State without underground gas storage facilities. However, where cross-border transmission capacity or other technical limitations prevent a Member State without underground gas storage facilities from fully using 15 % of those storage volumes, that Member State shall store only those volumes that are technically possible.’;

    (b) in paragraph 2, second subparagraph is replaced by the following:

    ‘Member States without underground gas storage facilities shall demonstrate that they comply with paragraph 1 and shall notify the Commission accordingly.’;

    (c) in paragraph 5, first subparagraph, point (a) is replaced by the following:

    ‘(a) ensure that by 1 December storage volumes correspond at least to the average usage of the storage capacity over the preceding five years, determined, inter alia, by taking into account the flows during withdrawal season over the preceding five years from the Member States where the storage facilities are located; or’;

    (d) paragraph 6 is replaced by the following:

    ‘6. Unless otherwise specified in Annex Ib, in the case of underground gas storage facilities located in one Member State that are not covered by paragraph 5 but that are directly connected to the market area of another Member State, that other Member State shall ensure that between 1 October and 1 December storage volumes correspond to at least the average of the storage capacity booked at the relevant cross-border point over the preceding five years.’;

    (5) Article 6d is amended as follows:

    (a) paragraphs 1 and 2 are replaced by the following:

    ‘1. Storage system operators shall report the filling level to the competent authority in each Member State where the underground gas storage facilities concerned are located and, if applicable, to an entity designated by that Member State (the ‘designated entity’) as set pursuant to Article 6a.

    2. The competent authority and, if applicable, the designated entity of each Member State shall monitor the filling levels of the underground gas storage facilities on their territory at the end of each month and report monthly the results to the Commission without any delay. The competent authority shall also include information on the share of gas originating in the Russian federation being stored in that Member State, where such information is available.

    The Commission may, where appropriate, invite the European Union Agency for the Cooperation of Energy Regulators (ACER) to assist with such monitoring.’;

    (b) paragraphs 4 and 5 are replaced by the following:

    ‘4. The GCG shall assist the Commission in the monitoring of the filling ▌target, and shall develop guidance for the Commission on adequate measures to ensure better alignment in the event that Member States filling rates compromise the achievement of the filling target, or to ensure compliance with the filling target.

    4a. Where appropriate, the Commission shall implement measures helping Member States to meet the filling target, including measures to encourage participation in the demand aggregation and joint purchasing mechanism set up under Regulation (EU) 2022/2576 (‘AggregateEU’)* .

    5. Member States and, where appropriate, the Commission shall take the necessary measures to meet the filling target and to enforce upon market participants the storage obligations. These measures may include sufficiently deterrent sanctions and fines, such as adequate financial penalties.

    ___________________

    * Council Regulation (EU) 2022/2576 of 19 December 2022 enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders (OJ L 335, 29.12.2022, p. 1, ELI: http://data.europa.eu/eli/reg/2022/2576/oj).’;

    (6) in Article 17a, paragraph 1, the following point is added:

    ‘(da) the information about the share of gas originating in the Russian federation stored in the EU storages, provided by Member States in accordance with Article 6d(2).’;

    (7) in Article 22, the fourth paragraph is replaced by the following:

    ‘Article 2, points (27) to (31), Articles 6a to 6d, Article 16(3), Article 17a, Article 18a, Article 20(4) and Annex Ib shall apply until 31 December 2027.’;

    (8) Annex Ia is deleted.

     

    Article 2

    Entry into force

    This Regulation shall enter into force and shall apply on the day following that of its publication in the Official Journal of the European Union.

    This Regulation shall be binding in its entirety and directly applicable in all Member States.

    Done at Brussels,

    For the European Parliament

    The President

    For the Council

    The President

     

    MIL OSI Europe News –

  • MIL-OSI Europe: REPORT on the request for the waiver of the immunity of Grzegorz Braun – A10-0081/2025

    Source: European Parliament

    PROPOSAL FOR A EUROPEAN PARLIAMENT DECISION

    on the request for the waiver of the immunity of Grzegorz Braun

    (2024/2102(IMM))

    The European Parliament,

    – having regard to the request for the waiver of the immunity of Grzegorz Braun by the Prosecutor General of Poland, dated 29 October 2024, transmitting a request submitted by the Regional Prosecutor’s Office in Warsaw, in connection with criminal proceedings brought against Grzegorz Braun, and announced in plenary on 14 November 2024,

    – having regard to the fact that Grzegorz Braun is deemed to have renounced his right to be heard under Rule 9(6) of its Rules of Procedure,

    – having regard to Articles 8 and 9 of Protocol No 7 on the Privileges and Immunities of the European Union, and Article 6(2) of the Act of 20 September 1976 concerning the election of the members of the European Parliament by direct universal suffrage,

    – having regard to the judgments of the Court of Justice of the European Union of 21 October 2008, 19 March 2010, 6 September 2011, 17 January 2013, 19 December 2019 and 5 July 2023[1],

    – having regard to Article 105(2) and (5) of the Constitution of the Republic of Poland,

    – having regard to Rule 5(2), Rule 6(1) and Rule 9 of its Rules of Procedure,

    – having regard to the report of the Committee on Legal Affairs (A10-0081/2025),

    A. whereas, by letter dated 29 October 2024, the Prosecutor General of Poland transmitted a request for the waiver of the immunity of Grzegorz Braun, submitted by the Regional Prosecutor’s Office in Warsaw, in relation to several alleged offences that occurred in 2022 and 2023;

    B. whereas, according to the request, on 1 March 2022, in the building of the National Institute of Cardiology – State Research Institute, Grzegorz Braun allegedly violated the bodily integrity of a public official who was acting in his capacity as Director of the National Institute of Cardiology, during and in connection with the performance of official duties by this public official; whereas the alleged actions constitute an offence under Article 222(1) of the Polish Criminal Code, concurrently with Article 191(1) of the Polish Criminal Code in conjunction with Article 11(2) of that Code;

    C. whereas, on 1 March 2022, Grzegorz Braun allegedly insulted the Director of the National Institute of Cardiology, during and in connection with the performance of official duties by this public official, by making accusations against him and by streaming the events over the internet, which could allegedly have damaged the official’s public reputation and rendered likely a loss of the necessary trust placed in him to perform his role as Director of the National Institute of Cardiology and exercise the profession of doctor; whereas the alleged actions constitute an offence under Article 226(1) of the Polish Criminal Code, concurrently with Article 212(1) and (2) of the Polish Criminal Code in conjunction with Article 11(2) of that Code;

    D. whereas, on 27 January 2023, Grzegorz Braun allegedly damaged a Christmas tree and destroyed decorations that were the property of two Polish associations whose offices were in the building of the Regional Court in Kraków, and whereas causing such damage constitutes an offence under Article 288(1) of the Polish Criminal Code;

    E. whereas, on 30 May 2023, at the headquarters of the German Historical Institute in Warsaw, Grzegorz Braun allegedly damaged property belonging to the German Historical Institute, which constitutes an offence under Article 288(1) of the Polish Criminal Code;

    F. whereas, on 30 May 2023, Grzegorz Braun allegedly failed to leave the headquarters of the German Historical Institute despite being asked to do so by an authorised person, which constitutes an offence under Article 193(1) of the Polish Criminal Code;

    G. whereas, on 12 December 2023, within the premises of the Sejm of the Republic of Poland, Grzegorz Braun allegedly publicly insulted a group of people on the grounds of their religious affiliation and allegedly publicly insulted an object of religious worship (a menorah) by extinguishing its lit candles with a fire extinguisher, thereby allegedly offending the religious sentiments of Jews, which constitutes an offence under Article 257 of the Polish Criminal Code, concurrently with Articles 195(1) and 196 of the Polish Criminal Code in conjunction with Article 11(2) of that Code;

    H. whereas, on 12 December 2023, within the premises of the Sejm of the Republic of Poland, Grzegorz Braun allegedly violated the bodily integrity of an aggrieved party who intervened with a view to protecting public order, by aiming at the aggrieved party the spray from a fire extinguisher containing a powdery substance; whereas Grzegorz Braun allegedly caused minor damage, lasting up to seven days, to the health of the aggrieved party, which constitutes an offence under Article 157(2) of the Polish Criminal Code, concurrently with Article 217a of the Polish Criminal Code in conjunction with Article 11(2) of that Code;

    I. whereas the investigation carried out in connection with the alleged offences outlined in the waiver request was initially opened on 25 May 2023, at which time Grzegorz Braun enjoyed immunity as a Member of the Sejm of the Republic of Poland; whereas on 17 January 2024, the Sejm of the Republic of Poland granted consent for criminal charges to be brought against Grzegorz Braun in connection with the offences outlined in the request; whereas Grzegorz Braun was elected to the European Parliament in the European elections in June 2024; whereas Grzegorz Braun was therefore not a Member of the European Parliament at the time of the alleged offences;

    J. whereas the alleged offences and the subsequent request for the waiver of his immunity are not related to an opinion expressed or a vote cast by Grzegorz Braun in the performance of his duties within the meaning of Article 8 of Protocol No 7 on the Privileges and Immunities of the European Union;

    K. whereas Article 9, first paragraph, point (a), of Protocol No 7 on the Privileges and Immunities of the European Union provides that Members of the European Parliament enjoy, in the territory of their own State, the immunities accorded to members of their parliament;

    L. whereas, in accordance with Article 105(2) and (5) of the Polish Constitution, from the day of the announcement of the results of the elections until the day of the expiry of his or her mandate, a Deputy shall not be subjected to criminal accountability without the consent of the Sejm of the Republic of Poland and he or she shall be neither detained nor arrested without the consent of the Sejm, except for cases when he or she has been apprehended in the commission of an offence and in which his or her detention is necessary for securing the proper course of proceedings;

    M. whereas the purpose of parliamentary immunity is to protect Parliament and its Members from legal proceedings in relation to activities carried out in the performance of parliamentary duties and which cannot be separated from those duties;

    N. whereas, in accordance with Rule 5(2) of its Rules of Procedure, parliamentary immunity is not a personal privilege of the Member but a guarantee of the independence of Parliament as a whole, and of its Members;

    O. whereas, in this case, Parliament found no evidence of fumus persecutionis, which is to say factual elements indicating that the intention underlying the legal proceedings in question is to undermine the Member’s political activity in his capacity as a Member of the European Parliament;

    P. whereas Parliament cannot assume the role of a court, and whereas, in a waiver of immunity procedure, a Member cannot be regarded as a defendant[2];

    1. Decides to waive the immunity of Grzegorz Braun;

    2. Instructs its President to forward this decision and the report of its committee responsible immediately to the competent authorities of the Republic of Poland and to Grzegorz Braun.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Oxfam: EUR 1 billion for a colossal NGO that is costing us a fortune? – P-001591/2025

    Source: European Parliament

    Priority question for written answer  P-001591/2025
    to the Commission
    Rule 144
    Virginie Joron (PfE)

    European Court of Auditors Special Report 11/2025 reveals shortcomings in the transparency of EU funding for non-governmental associations.

    Oxfam is believed to have received EUR 795 million between 2014 and 2023[1]. However, its lobbying office in Brussels[2] reports having received no EU subsidies for 2023-2024, while Oxfam Belgium discloses EUR 7 million for 2023, with inconsistencies in its overall budget (EUR 47.5 million declared and incorrect calculations)[3].

    The sky-high salaries of some of its executives (up to EUR 155 000 per year)[4] and its sale of goods in shops raise questions about Oxfam’s status as a charitable association and the legitimacy of the European, national and regional public funds it receives.

    • 1.How can the Commission explain the failure to check the inconsistencies in Oxfam’s financial arrangements or declarations (no subsidies declared by one entity, EUR 7 million by another; incorrect budget for Oxfam Belgium and its status as a charitable, non-profit-making association[5])?
    • 2.Oxfam claims to be a charitable association even though it engages in commercial transactions and some of its executives receive exorbitant salaries: at what threshold of executive remuneration does the Commission consider that an organisation has a commercial or profit-making purpose?
    • 3.Are national and European subsidies to Oxfam compatible with competition rules on state aid and the Treaties?

    Submitted: 22.4.2025

    • [1] https://ec.europa.eu/budget/financial-transparency-system/analysis.html
    • [2] https://transparency-register.europa.eu/searchregister-or-update/organisation-detail_en?id=46856801604-90
    • [3] https://transparency-register.europa.eu/searchregister-or-update/organisation-detail_en?id=961809845865-57
    • [4] EUR 155 000 in Great Britain (Grok); EUR 126 000 in 2023 for the PDG of Oxfam Ireland p.93: https://www.oxfamireland.org/sites/default/files/2023-09/2022_2023%20Oxfam%20Ireland%20Annual%20Report%20.pdf
    • [5] https://transparency-register.europa.eu/guidance/guidelines_en#ref-5-information-to-be-entered-in-the-register
    Last updated: 28 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: OSCE Court of Conciliation and Arbitration releases 2024 Annual Report

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE Court of Conciliation and Arbitration releases 2024 Annual Report

    The latest Annual Report of the OSCE Court of Conciliation and Arbitration (CCA) has now been published. The 2024 report provides an account of the CCA’s institutional matters over the past year and the efforts made by members of the CCA’s Bureau to raise awareness of the Court and its potential.
    The report highlights CCA President Emmanuel Decaux’s address to the OSCE Permanent Council on 2 May 2024. The Court’s use as a key instrument for peacefully resolving conflicts and its significant role within the OSCE framework was emphasized by Decaux in the annual presentation of the CCA’s activities.
    Further highlights include a case study of the first-ever simulation of conciliation proceedings within the Court. The simulation was hosted at the Faculty of Law of the University of Ljubljana in December 2024 as part of efforts to bolster a deeper understanding of the Court’s role, potential and purpose.
    A special dedication in the report also honors the first president of the Court, Robert Badinter, who passed away in 2024. He played an instrumental role in establishing the CCA and served as its President from its founding in 1995 until 2013. In tribute to his legacy, the CCA published in March 2024 a selection of the proceedings from the CCA’s 30th anniversary seminar held in 24 November 2022.
    The OSCE Court of Conciliation and Arbitration provides a set of mechanisms for the peaceful settlement of disputes between States. The Court was established by the Convention of Stockholm, which entered into force on 5 December 1994. To date, 34 OSCE participating States have ratified the Convention.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Islanders reminded to give views on dealing with complaints about public services28 April 2025 ​​​​Islanders are being reminded that they have just over a week left to share their views on the handling and review of complaints about public services, before the public consultation closes on 6… Read more

    Source: Channel Islands – Jersey

    28 April 2025

    ​​​​

    Islanders are being reminded that they have just over a week left to share their views on the handling and review of complaints about public services, before the public consultation closes on 6 May. 

    The consultation launched on Monday 10 March to inform a project being led by Deputy Moz Scott, Assistant Minister for Sustainable Economic Development and External Relations. 

    Deputy Scott has been tasked by the Chief Minister to develop proposals to improve the resolution of complaints against providers of public services, with the aim of improving services for the public. 

    The project includes appraisal of the potential value to the public of introducing a Public Services Ombudsman to replace the existing Jersey Complaints Panel. 

    Members of the public and local organisations have been invited to share their experiences of complaints against public services, whether or not they have formally complained against any, along with any experiences they may have of the Jersey Complaints Panel and other complaints review bodies. 

    Views are also being sought on preferences regarding the way complaints against public services should be handled and reviewed. 

    So far, over 160 responses have been received. 

    Deputy Scott said: “Any service provided to the community directly by government, or by external organisations funded or owned by government, can be regarded as a public service. Providers of public services include regulatory bodies, certain charities and utility providers and arms’ length organisations. 

    “I hope that anyone with experience or a view on the subject will participate in the survey, including users, public service providers, reviewing bodies and the legal community.

    “Responses so far have covered a breadth of public services and areas of concern. I think it’s important to reassure the public that the policy officers who are managing the survey are based in a different area of government from the departments that deliver public services. 

    “I urge anyone who has had reason to complain about a public service to complete the survey form by the deadline, if they have not already done so, so that their personal experiences can be taken into account in the formulation of the proposals.” 

    When the consultation closes, a consultation report will be prepared and published that will inform the proposals. 

    Islanders can participate in the survey online, or collect a survey form from their Parish Hall, local library branch or the Citizens Advice Bureau. 

    Written submissions, comments or questions can be sent by email or post using the details below: 

    Public survey: Feedback on Public Services consultation 

    Email: adminredress@gov.je​ 

    Post: Strategic Policy, Planning and Performance, Government of Jersey, Union Street, St Helier, JE2 3DN.​

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Engineers of meaning in discourses of strategic sovereignty

    Translation. Region: Russian Federal

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The 19th All-Russian scientific and practical conference “PR and Advertising Technologies in Modern Society” was held in the White Hall of the Polytechnic University. This year’s theme “Engineers of Meanings in Discourses of Strategic Sovereignty” was dedicated to the 80th anniversary of Victory in the Great Patriotic War.

    The grand opening of the title conference of the Higher School of Media Communications and Public Relations of the Humanitarian Institute began with a minute of silence in memory of the fallen heroes. Then, the Vice-Rector for Youth Policy and Communication Technologies of SPbPU Maxim Pasholikov and the Director of the Humanitarian Institute Natalia Chicherina addressed the participants and guests of the event with words of welcome.

    This year, the conference topic is unusually relevant. This is due to the fact that our university became the winner in the “Priority 2030” program (entered the first category) and today must solve very serious problems facing the entire country: to ensure the technological leadership of the country. Do humanities scholars have the opportunity to influence these processes? The answer is undoubtedly yes. The field of advertising and public relations itself is so technological today that it is difficult to separate it from the issues of achieving strategic and technological leadership, – noted Natalia Vasilievna.

    Presenters Daria Shevchenko and Nikita Sokol, 1st and 3rd year students of the Advertising and Public Relations program, spoke about a special conference project – the art exhibition “Victory Day”, which was prepared by students and teachers of the Higher School of Music and Sociology of the State University of Culture.

    Awarding the winners, the director of the Higher School of Music and Social Sciences Marina Arkannikova noted the level of professionalism of the works: Victory in the Great Patriotic War is one of the key events in the history of Russia and the entire Russian world. For all of us and for the country, Victory Day is a memory of the millions of those killed, a symbol of national unity, a tribute to veterans, historical memory and pride that we are obliged to pass on from generation to generation.

    More than 300 experts from different countries participated in the business program. Plenary reports were presented by three scientists. Professor of the St. Petersburg State University, President of the Association of Public Relations Teachers Dmitry Gavra spoke about the concept of national communication sovereignty. Associate Professor, Director of the Higher School of Social Sciences and Public Relations, Member of the Expert Council of the State Duma Committee on Youth Policy Marina Arkannikova presented a report “Cultural Sovereignty in Development Discourses”. Member of the Executive Council of the Russian Public Relations Association, political consultant, media technologist Alena Avgust presented an unconventional approach to reading the 809th decree.

    The plenary session left a strong impression on me. All three speakers demonstrated deeply developed topics on current communication problems in modern conditions. And although there was little “cross” discussion or controversy, I liked how the speakers consistently presented their positions. In general, the conference successfully combined theoretical depth with a practical focus, – noted first-year student of the Advertising and Public Relations program Irina Pyatnitskaya.

    The work continued panel discussions “Engineers of meanings as subjects of memory politics and identity politics”, “Modern AI technologies in development discourses”, “80 years of Victory in the collective memory of generations”.

    An important point of the business program of the second day was the round table “Synergistic wars in national discourses. Representation of the SVO in the politics of memory”, prepared jointly with the All-Russian Public Opinion Center (VTsIOM) and fighters of the special military operation. Participants discussed issues of the features of cognitive, mental wars, the preservation of historical memory and the formation of a communicative heritage about the SVO.

    In addition, student sections were held for students, postgraduates and young scientists. The conference ended in the White Hall of SPbPU, where the evening “Engineers of Victory” was held, dedicated to the memory of polytechnicians – participants of the Great Patriotic War.

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

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Newsom on new DOGE action to dismantle AmeriCorps: ‘We will serve the federal government with a lawsuit’

    Source: US State of California 2

    Apr 25, 2025

    What you need to know: DOGE is ramping up its work to dismantle AmeriCorps. California will sue to stop it.

    SACRAMENTO – Governor Gavin Newsom today issued the following statement after California received notice from the federal government of termination of its AmeriCorps grant programs which support volunteer and service efforts.

    The federal government is giving the middle finger to service. We will serve them with a lawsuit.

    Governor Gavin Newsom

    Last week, Governor Newsom announced that as the Trump Administration dismantles the AmeriCorps service program, California will both challenge the illegal action in court and accelerate recruitment for the California Service Corps program — already the largest service corps in the nation, surpassing the size of the Peace Corps.

    When the devastating fires struck Los Angeles earlier this year, AmeriCorps members were on the ground, distributing supplies and supporting families. The agency’s shutdown hamstrings these efforts.

    California Service Corps is the largest service force in the nation, consisting of four paid service programs:   

    Combined, it is a force larger than the Peace Corps and is mobilized at a time when California is addressing post-pandemic academic recovery, rebuilding from the LA fires and planning for the future of the state’s workforce. The federal government provides more than half of the funding for California Climate Action Corps and about 5% of College Corps, while the state fully funds the Youth Service Corps.

    In the 2023-24 service year, 6,264 AmeriCorps members in California: 

    • Provided 4,397,674 hours of service
    • Tutored/mentored 73,833 students
    • Supported 17,000 foster youth with education and employment  
    • Planted 39,288 trees

    Members helped 26,000 households impacted by the LA fires and packed 21,000 food boxes.

    Press Releases, Recent News

    Recent news

    Apr 25, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Suzanne Martindale, of Oakland, has been appointed Chief Deputy Commissioner at the California Department of Financial Protection and Innovation. Martindale has been the Senior Deputy…

    Apr 25, 2025

    News What you need to know: More Californians than ever are connecting with earthquake warning services as the MyShake app reaches over 4 million downloads. SACRAMENTO – During Earthquake Preparedness Month, Governor Gavin Newsom today announced a major milestone: the…

    Apr 25, 2025

    News What you need to know: California is working with state, local, and federal agencies in a historic project to repopulate the North Yuba River with native fish and help protect the state’s waterways and ecosystems.  MARYSVILLE – Governor Gavin Newsom announced a…

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: APEDA and the Government of Odisha organises Capacity Building Programme to ‘Boost Agricultural Exports from Odisha’ in Bhubaneswar

    Source: Government of India

    APEDA and the Government of Odisha organises Capacity Building Programme to ‘Boost Agricultural Exports from Odisha’ in Bhubaneswar

    GI products like Koraput Kalajeera Rice, Nayagad Kanteimundi, Brinjal, Ganjam Kewda Flower Products, Koraput Coffee and Kandhamal Haldi, showcased at the event

    Posted On: 27 APR 2025 8:09PM by PIB Delhi

    The Agricultural and Processed Food Products Export Development Authority (APEDA) and Government of Odisha organized a Workshop cum Capacity Building Programme to Boost Agri Products’ Exports from Odisha at Dr. M.S. Swaminathan Hall, Odisha University of Agriculture and Technology (OUAT), Bhubaneswar on the 25thApril, 2025.

    The event exhibited over 10 stalls represented by Farmer Producer Organisations (FPO)/ Farmer Producer Companies, women agripreneurs, departments of the Government of Odisha and exporters from all across Odisha. Several GI Tagged and Agri-Products from the state such as Koraput Kalajeera Rice, Nayagad Kanteimundi, Brinjal, Ganjam Kewda Flower Products, Koraput Coffee, Kandhamal Haldi Powder, Kendrapada Rasabali, Salepur Rasagolla, Khajuri Gud, Dhenkanal Magaji Ladoo and Mayurbhanja Kai Chutni were displayed at the University.

    Chief Guest and Deputy Chief Minister and Minister of Agriculture, Government of Odisha, Shri Kanak Bardhan Singh Deo, in his keynote address, highlighted the initiatives of the State Govt. for increasing agricultural exports, particularly of Organic products, from the State. He encouraged exporters to explore the array of products, including GI products from the state for promotion in the global marketplace. He appreciated the active collaboration of APEDA with the State Govt. towards increasing Agricultural exports from the State.

    The event featured three technical sessions focusing on key areas for boosting Odisha’s agricultural exports. The first session addressed the promotion of organic exports under the revised National Programme for Organic Production (NPOP), emphasizing organic certification, value chain development, and market access. The second session discussed strategies to enhance rice exports from Odisha by leveraging unique varieties, improving logistics, and tackling export challenges. The third session explored opportunities for value addition and export promotion of agri-processed and GI-tagged products, with a focus on strengthening logistics, cold chain infrastructure, and market linkages.

    The program witnessed the participation of more than 400 stakeholders including the officials from State Government department, Odisha University of Agriculture and Technology, FPO’s, FPC’s, and progressive farmers.

    On the Sidelines of the event, APEDA being the Secretariat for the National Programme for Organic Production(NPOP) organised a stakeholder interaction with more than 30 Organic grower groups of the State and Organic Certification bodies operating in the State of Odisha. The discussions cantered on the revisions in the NPOP (8th Edition), which was recently launched on 9th January 2025, and clearing doubts and queries of the growers with respect to the new provisions.

    Shri Sukanta Kumar Panigrahi, Member of Parliament and Member, Parliamentary Standing Committee-Agriculture, Animal Husbandry and Food Processing in his address emphasized on ODOP, use of Agri-Infra fund to support agri exports from the state of Odisha. He further emphasized that the dream of Vikshit bharat by 2047 is possible by developing the overall agriculture export ecosystem which will help to gain competitive advantage, drive economic growth, create better jobs, and generate foreign exchange earnings.

    Chairman of APEDA, Shri Abhishek Dev in his welcome address highlighted the export-oriented strategy for agricultural products with special emphasis on organic products. He emphasized on the untapped potential of the State in terms of agriculture exports, particularly in Organic products, owing to huge diversity and quantum of output. He assured that more such programs and export Conclaves will be conducted in future which are highly important paradigms for boosting agricultural exports. He encouraged the FPO’s and FPC’s from the state for participation in key national and international Trade Fairs for market access, promotion and outreach.

    The Workshop cum Capacity Building Programme followed by the Technical Sessions brought together key policymakers and experts from the Union and State governments, Industry and Academia aiming to build a robust export ecosystem in the state in the times to come.

    ***

    Abhishek Dayal/ Abhijith Narayanan

    (Release ID: 2124747) Visitor Counter : 81

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India Led with Compassion During COVID-19, Sharing 300 Million Vaccines Globally: Union Minister of Commerce & Industry Shri Piyush Goyal

    Source: Government of India

    India Led with Compassion During COVID-19, Sharing 300 Million Vaccines Globally: Union Minister of Commerce & Industry Shri Piyush Goyal

    Union Minister of Commerce & Industry Shri Piyush Goyal addresses World Health Summit Regional Meeting in New Delhi

    India’s vaccine diplomacy and Ayushman Bharat show commitment to global health equity, says Union Minister

    Govt committed towards ensuring public health, more than 620 million people are now eligible for free healthcare under the Ayushman Bharat scheme: Shri Goyal

    Posted On: 27 APR 2025 8:03PM by PIB Delhi

    Union Minister of Commerce & Industry, Shri Piyush Goyal addressed the World Health Summit (WHS) Regional Meeting Asia 2025, held at Bharat Mandapam, New Delhi today. Shri Goyal highlighted India’s proactive and compassionate global response during the COVID-19 pandemic. Through the Vaccine Maitri initiative, India provided nearly 300 million vaccine doses to less developed and vulnerable countries — many free of cost — ensuring no nation was left behind. Shri Goyal emphasized that unlike many other nations that imposed export controls during COVID-19, India prioritized equitable access for all, staying true to its ancient ethos of Vasudhaiva Kutumbakam — “the world is one family.”

    Speaking on the occasion, Shri Goyal expressed gratitude that the first WHS Regional Meeting in Asia was focused on “Scaling Access to Ensure Health Equity”. He noted that access to quality healthcare is a critical part of sustainable development and shared India’s journey in achieving greater healthcare access for all.

    The Minister recalled personal interactions with global leaders during the pandemic, noting how India ensured the supply of critical medicines at fair prices, resisting the trend of profit-making from global health crises.

    Addressing the theme of Health Equity, Shri Goyal strongly criticized attempts to extend pharmaceutical patents through minor incremental innovations, which, he said, could deprive millions of access to affordable medicines. He urged the WHS delegates to experience firsthand India’s efforts to deliver quality healthcare even in remote regions.

    Shri Goyal highlighted that more than 620 million people are now eligible for free healthcare under the Ayushman Bharat scheme, the world’s largest government-sponsored health insurance program, emphasizing that India’s commitment was never driven by profit but by compassion.

    Quoting Prime Minister Narendra Modi, Shri Goyal said, “For us, healthcare is not just curing a sick patient. Healthcare is preventive healthcare, it is wellness, it is mental healthcare, and it means bridging society under the umbrella of a better lifestyle and a better future.”

    He elaborated on India’s holistic approach to human welfare, highlighting the Swachh Bharat Mission which ensures dignity and sanitation, especially for women; the Pradhan Mantri Awas Yojana, with over 40 million homes already built and millions more underway; the Jal Jeevan Mission, which has expanded tap water access from 30 million to 160 million rural homes; the Ujjwala Yojana, providing free cooking gas connections to protect women from indoor air pollution; and the distribution of free food grains to 800 million citizens during and beyond the pandemic.

    Shri Goyal asserted that physical health, mental wellness, clean environments, quality education, digital connectivity, and economic empowerment together form the basis of a truly healthy society.

    He closed by reaffirming India’s commitment to the global health agenda and called upon all nations to work together towards a healthier, more equitable future for every citizen of the world.

    ***

    Abhishek Dayal/ Abhijjith Narayanan/ Ishita Biswas

    (Release ID: 2124745) Visitor Counter : 109

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Minister Dr. Jitendra Singh holds interaction with Udhampur public representatives , civil society members in wake of security concerns

    Source: Government of India

    Union Minister Dr. Jitendra Singh holds interaction with Udhampur public representatives , civil society members in wake of security concerns

    Dr. Jitendra Singh for the formation of a Civil Society Committee to facilitate regular feedback, timely suggestions

    Udhampur’s long-pending dream of an operational airport is close to reality, a development expected to significantly boost local connectivity both for civilians as well as the Army which has its Northern headquarters over here

    Widening of the Dhar Road for smooth movement of security forces and the much-anticipated Ujh Multipurpose Project which is also proved vulnerable for cross border infiltrations

    Posted On: 27 APR 2025 7:24PM by PIB Delhi

    Union Minister Dr. Jitendra Singh visited Udhampur today, where he held a comprehensive interaction with public representatives and local citizens and also conducted a review of the security arrangements.

    During the meeting, while reassuring the citizens about reinforcement in security deployment, Dr. Jitendra Singh also emphasized the government’s initiatives for the all-round development of the district. He highlighted several key infrastructure and public welfare projects in the region which are being expedited because of their security relevance as well.

    These, the Minister said, include the widening of the Dhar Road for smooth movement of security forces and the much-anticipated Ujh Multipurpose Project which is also proved vulnerable for cross border infiltrations and is being pursued by both the Ministry of Home Affairs and the Ministry of Jal Shakti. He expressed optimism about positive progress on the project.

    Dr. Jitendra Singh also revealed that Udhampur’s long-pending dream of an operational airport is close to reality, a development expected to significantly boost local connectivity both for civilians as well as the Army which has its Northern headquarters over here and also the economic prospects.

    Adding to the infrastructure push, he informed that the proposed Chatargala Tunnel project is on the agenda, promising to further improve road connectivity in the region and avoid its turning into a militant hideout particularly when it is snow clad and cut off. . He said that efforts are underway to improve mobile connectivity in Udhampur, with the installation and streamlining of mobile towers across the district.

    Addressing the needs of youth, the Minister announced that army recruitment drives have resumed, and discussions have already been held with the incoming General Officer Commanding (GOC), Lt Gen Prateek Sharma, who will soon assume charge.

    He further underscored Udhampur’s growing importance in the upcoming Shri Amarnath Yatra, particularly as train services will directly connect pilgrims to the area.

    Dr. Jitendra Singh called for the formation of a Civil Society Committee to facilitate regular feedback, timely inputs. He added that such a mechanism will enhance participatory governance.

    Speaking on security concerns, Dr. Jitendra Singh said that appropriate security responses will be ensured. “The recent events are an eye-opener. We will address all concerns and constraints to ensure peace and safety. Miscreants will be dealt with firmly,” he added.

    Dr. Jitendra Singh also expressed his appreciation to the district administration, particularly the Deputy Commissioner, for their ongoing efforts in maintaining law and order and supporting developmental initiatives.

    *****

    NKR/PSM

    (Release ID: 2124739) Visitor Counter : 104

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Bun Scrambling Final to be held at Cheung Chau next Monday

    Source: Hong Kong Government special administrative region

    Bun Scrambling Final to be held at Cheung Chau next Monday 
         Trophies will be awarded to the champion, first runner-up and second runner-up in the men’s division and the champion in the women’s division. The Full Pockets of Lucky Buns award will continue to be presented to the participant who gathers the most buns.
     
         An opening ceremony for the Bun Scrambling Final will be held at 11.30pm on Monday. By tradition, the final competition will start at midnight. An invitation relay will be held immediately after the individual competition. In anticipation of a high volume of spectators, the organisers, together with the Islands District Office, Police, Transport Department (TD) and government departments concerned will implement the following measures.
     
         Four spectator zones will be set up on the competition night at the soccer pitch of Pak Tai Temple Playground, which can accommodate about 1 650 people. Distribution of free admission tickets will start at 10pm. Members of the public can line up at Pak She First Lane, next to the Cheung Chau Fire Station, and along Ping Chong Road for the tickets. Each person will be given one ticket on a first-come, first-served basis while tickets last. Spectators with tickets should follow the instructions of the Police and the organisers for entry into Zone 1 to Zone 4 starting from 10.30pm.
     
         Public notices will be put up at Central Pier No. 5 on the arrangements of the event. Similar notices and enquiry counters will also be set up at Cheung Chau Ferry Pier and the entrance of Pak Tai Temple Playground where relevant staff will address public enquiries.
     
         The organisers will pay close attention to the weather conditions in that evening. For public safety, the Bun Scrambling Final may be cancelled under inclement weather (e.g. thunderstorms). As stipulated in the prospectus, the awards would then be determined based on the selection contest results. Since the Bun Scrambling Final is traditionally held in a specified period during the Cheung Chau Jiao Festival, the competition would not be rescheduled.
     
         The Police will conduct crowd-control measures. Members of the public should follow the instructions of the Police and the organisers, and be patient in crowded places.
     
         The TD will closely monitor passenger demand for public transport services, and will closely liaise with ferry and bus companies in making appropriate arrangements.
     
         To facilitate members of the public to leave Cheung Chau after the event, the ferry company will operate a special service from Cheung Chau to Central at 1.15am on May 6.
     
         The bus companies will operate special bus route No. 104R from Central Pier No. 5 to Mong Kok from about 1.10am to 2.30am on May 6.
     
         In addition, overnight bus routes including Citybus route Nos. N8X (to Siu Sai Wan) and N90 (to South Horizons), Cross-Harbour Tunnel route Nos. N182 (to Kwong Yuen), N619 (to Shun Lee), and Kowloon Motor Bus (KMB) route Nos. N373 (to Fanling), and N368 (to Yuen Long West) will be diverted via Central Pier No. 5 from their first departures on May 6. The diversion arrangements will last on that day until about 2am (for route No. N8X), about 2.15am (for route No. N90) and about 2.50am (for the remaining routes aforementioned).
     
         Citybus overnight bus route Nos. N930 (departure at 1.35am to Tsuen Wan Discovery Park), N952 (departure at 1.25am to Tuen Mun Chi Lok Fa Yuen), N962 (departures at 1.15am and 1.45am to Tuen Mun Lung Mun Oasis) and KMB overnight bus route No. N960 (departure at 1.25am to Tuen Mun Kin Sang Estate) will also be diverted via Central Pier No. 5.
     
         A temporary bus stop of the routes concerned will be designated outside Central Pier No. 5 for passengers’ convenience. 
     
         For emergency rescues, St John Hospital will arrange for manpower to respond to possible needs. The Government Flying Service will send its search and rescue team to provide assistance if necessary.
    Issued at HKT 11:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Misleading WhatsApp message pertaining to donation to a particular bank account for modernisation of Indian Army

    Source: Government of India

    Posted On: 27 APR 2025 6:20PM by PIB Delhi

    There is a misleading message doing the rounds on WhatsApp pertaining to donation to a particular bank account for the modernisation of the Indian Army and for the soldiers injured or killed in action. The message quotes a Cabinet decision to this effect and invokes the name of actor Shri Akshay Kumar as being the prime mover of the proposal.

    The account details in the said message are wrong, leading to online donations getting dishonoured. People must remain cautious and not fall prey to such fraudulent messages.

    The Government has initiated several welfare schemes for soldiers killed or disabled during active combat operations.

    • In 2020, Government instituted ‘Armed Forces Battle Casualty Welfare Fund (AFBCWF)’ which is utilised for grant of immediate financial assistance to the families of soldiers/sailors/airmen who lay down their lives or get grievously injured in active military operations. The Indian Army, on behalf of the Department of Ex-Servicemen Welfare, Ministry of Defence maintains the accounts for the fund. Contribution can be made directly in the account of Armed Forces Battle Casualties Welfare Fund. Details of the bank accounts are given below:

     

    1st Account

    Fund Name

    Armed Forces Battle Casualties Welfare Fund

    Bank Name

    Canara Bank, South Block, Defence Headquarters New Delhi – 110011

     

    IFSC Code

    CNRB0019055

    Account No

    90552010165915

    Type of A/c

    Saving

     

    2nd Account

    Fund Name

    Armed Forces Battle Casualties Welfare Fund

    Bank Name

    State Bank of India, Parliament Street, New Delhi – 110011

    IFSC Code

    SBIN0000691

    Account No

    40650628094

    Type of A/c

    Saving

     

    Donations can also be made through a Demand Draft drawn in favor of AFBCWF payable at New Delhi which may be sent by post to the following address:

     

    Accounts Section

    Adjutant General’s Branch

    Ceremonial & Welfare Directorate

    Room No 281-B, South Block

    IHQ of MoD (Army), New Delhi – 110011

    *****

    VK/Savvy

    (Release ID: 2124728) Visitor Counter : 157

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: 15th National Games Basketball (Men’s U22) test event concludes

    Source: Hong Kong Government special administrative region

    15th National Games Basketball (Men’s U22) test event concludes 
         The test event covered a wide array of areas, including event operations and procedures, competition organisation, venue setup, sports and prize presentations, information systems, security, medical services, volunteer services and broadcast arrangements.
     
         The Head of the NGCO, Mr Yeung Tak-keung, said that to ensure full preparation for the eight NG competition events to be staged in the city this November, Hong Kong has already completed test events for seven sports. The final test event, fencing, will be held at the end of next month at Kai Tak Arena in Kai Tak Sports Park. Mr Yeung also expressed gratitude to all related government departments and organisations for providing assistance and support during this test event, adding that the NGCO will review the event procedures and every detail with various related departments and units.
     
         For information on the 15th NG, the 12th National Games for Persons with Disabilities and the 9th National Special Olympic Games in Hong Kong, please visit the thematic website (www.2025nationalgames.gov.hk/en/index.htmlIssued at HKT 20:00

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    MIL OSI Asia Pacific News –

  • MIL-OSI Global: One in ten patient safety incidents in hospitals due to poor communication – new study

    Source: The Conversation – UK – By Jeremy Howick, Professor and Director of the Stoneygate Centre for Excellence in Empathic Healthcare, University of Leicester

    Patients’ lives are being put at risk by poor communication from healthcare professionals in hospitals worldwide, according to new research my colleagues and I conducted.

    Our analysis included 46 studies, published between 2013 and 2024, involving over 67,000 patients across Europe, North and South America, Asia and Australia. And the findings are alarming. We discovered that poor communication was the sole cause of patient-safety incidents in over one in ten cases and contributed to causing incidents in one in four cases.

    These aren’t just statistics, they represent real people harmed by preventable errors.

    In one documented case, a doctor accidentally shut off a patient’s Amiodarone drip (a drug to treat heart arrhythmias) while silencing a beeping pump. The doctor failed to tell the nurse, and the patient’s heart rate spiked dangerously.

    In another example, a patient died after a nurse failed to tell a surgeon that the patient was experiencing abdominal pains following surgery and had a low red blood cell count – clear indicators of internal bleeding. The patient later died from a haemorrhage that could have been prevented with adequate communication.

    These findings confirm what many healthcare professionals have long suspected: communication breakdowns directly threaten patient safety. What’s particularly concerning is that these incidents cut across different healthcare systems worldwide.

    The scale of the problem

    In the UK alone, over 1,700 lives are lost annually due to medication errors, and at least 3 million deaths occur due to medication errors worldwide. At least half of these – often resulting from poor communication – are preventable.

    In the US, communication failures contribute to over 60% of all hospital-based adverse events. Experts believe these figures probably underestimate the true extent of the problem as patient safety incidents are often underreported.

    This research fills an important gap in our understanding. While previous studies had established that poor communication was an issue in healthcare settings, this is the first rigorous analysis to quantify precisely how communication lapses affect patient safety.

    My colleagues and I also conducted a separate analysis of just the high-quality studies in the review, which yielded similar results, strengthening the validity of our findings.

    The critical importance of effective communication has been highlighted in major healthcare investigations. Both the Francis and Ockenden Reports in the UK, which examined serious healthcare failures, cited ineffective communication as a cause of unnecessary deaths at the Mid-Staffordshire NHS Foundation Trust and the Shrewsbury and Telford Hospital NHS Trust, respectively.

    Further emphasising this point, the UK’s health ombudsman has identified poor communication as a contributing factor in about 48,000 avoidable sepsis deaths each year.

    Inadequate communication doesn’t just make people feel bad in a nonspecific sense, it causes actual harm. Misunderstandings lead to grave medical errors through misdiagnosis, suboptimal treatments and potentially life-threatening complications.

    Hope for improvement

    Despite these sobering findings, we emphasise that communication can be improved through targeted interventions. When healthcare practitioners receive training to communicate with additional empathy toward their patients, their empathic behaviour improves – and so do patient outcomes.

    Similarly, when healthcare professionals are taught to communicate more effectively with colleagues, measurable improvements follow.

    One notable study found that implementing a structured communication protocol in surgical teams reduced adverse events by 23% over a year. Another demonstrated that using standardised handoff procedures between shifts decreased medical errors by nearly 30%.

    These communication interventions often take as little as half a day to implement and are likely to be highly cost-effective. For a relatively small investment in training, healthcare systems could see significant reductions in preventable harm.

    The evidence is in. It’s time for healthcare leaders, educators and policymakers to act. Communication training must become a universal standard – not an optional extra – in safeguarding patient lives.

    Jeremy Howick receives funding from the Stoneygate Trust, and occasionally receives speaking fees for his talks.

    – ref. One in ten patient safety incidents in hospitals due to poor communication – new study – https://theconversation.com/one-in-ten-patient-safety-incidents-in-hospitals-due-to-poor-communication-new-study-252467

    MIL OSI – Global Reports –

  • MIL-OSI Video: Syria: Fragile Transition and Humanitarian Crisis Demand Immediate Action | United Nations

    Source: United Nations (Video News)

    Following the raising of Syria’s new three starred flag at United Nations Headquarters, the Special Envoy for Syria, Geir Pedersen, today (25 Apr) told the Security Council that “the legacy of misrule, conflict, abuses and poverty from which Syria is trying to emerge is one of the heaviest that any state or people anywhere has had to face in modern times”, which means “that the situation is inherently still extremely fragile.”

    Pedersen said, “it’s only four and a half months since the fall of the former regime and the opening of a new chapter in Syria’s history,” and saluted the Syrian people, “who amidst continued suffering and many uncertainties and dangers show overwhelmingly that they want this political transition to succeed.”

    He told Council members that Syria “expanded and more diverse” cabinet “is indeed an improvement from what went before, yet it is still not fully inclusive framework for a political transition.”

    Pedersen said, “this leaves many Syrians unsure of their place in the new emerging new Syria.

    He informed the Council that he had met with members of Syria’s Alawite community, “who conveyed their deep concerns and presented harrowing accounts of violence.”

    During his talks with Syrian President Ahmed Hussein al-Sharaa, Pedersen said, this issue was discussed “at length.”

    The Special Envoy told the Council that “the sense of grievance still exists on both sides. A deep feeling of exclusion from the political process and the public sector, on one side, but also profound grievances towards persons associated with the former regime on the other.”

    He said the interim authority “needs to ensure that all segments of Syrian society are not only protected but also feel that they will be full participants in political life and state structures, including in terms of security.”

    For her part, Assistant Secretary-General for Humanitarian Affairs Joyce Msuya told the Council that nearly three quarters of the population in Syria are in need and seven million of them are displaced.

    She said, “we need to sustain momentum for investment in Syria’s recovery and development. Without this, this scale of humanitarian needs will far exceed our ability to respond to them. Millions of refugees and internally displaced persons who have expressed their desire to return home will continue to be dissuaded by a lack of basic services in livelihood opportunities, and the hope to seize this critical opportunity to build a more prosperous future risks slipping away.”

    Since the start of the year, 960 trucks have delivered aid through the cross-border operation from Türkiye – that’s more trucks than during the whole of 2024.

    Syria’s new Foreign Minister Asaad al-Shibani – who was present during the raising of the new flag, said, “this day came only after great sacrifices. After a march of blood and tears. Hundreds of thousands have been killed and disappeared. Disappeared without a trace in the prisons of the Assad regime. This day is theirs as it is ours. We will never forget them. And we will continue to work tirelessly to achieve peace and justice for them.”

    Outside the Council, talking to reporters, Pedersen said, “we need to see more inclusiveness on the side of the government. That’s sort of what they need to do. And then the international community needs really to get its act together on sanctions and humanitarian assistance, because as you heard from the new Foreign Minister, he emphasised very clearly that Syrians do not want to be dependent on foreign aid, they want to see it developing their own economy.”

    The key challenge, he said, are “the American sanctions,” and welcomed contacts between, the new Syrian government and the American administration.

    Pedersen said, “let’s hope that that will lead to some positive developments on this, because, as you rightly said, it’s absolutely critical.”

    https://www.youtube.com/watch?v=bStb01IqjA0

    MIL OSI Video –

  • MIL-OSI United Kingdom: Universal Periodic Review 49: UK Statement on Kyrgyzstan

    Source: United Kingdom – Government Statements

    Speech

    Universal Periodic Review 49: UK Statement on Kyrgyzstan

    Statement by the UK’s Permanent Representative to the WTO and UN, Simon Manley, at Kyrgyzstan’s Universal Periodic Review at the Human Rights Council in Geneva.

    Let me welcome the Minister and his delegation, and salute his government’s efforts to implement the recommendations from its last review. Not least, we commend its efforts on gender equality and welcome their constructive role on this Council.

    Let me also urge his Government to uphold its obligations under the ICCPR and the commitments accepted at its last review.
    We recommend that the Kyrgyz Republic:
     

    1. Ensure the treatment of NGOS is in line with international human rights obligations, and that it removes regulations for NGOS to provide information not stipulated by the ‘Law on Non-Commercial Organisations’.
       
    2. Maintain the National Centre for the Prevention of Torture as an independent and separate National Preventative Mechanism and provide adequate resources to the Centre to continue to effectively carry out its mandate.
       
    3. Adhere to the principles enshrined in the Kyrgyz Constitution by amending the Code of Offences to decriminalise defamation and insult, and instead use civil litigation in line with international human rights obligations.

    Thank you, Mr President.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: HKMA establishes Expert Panel on Project CargoX to support digital trade finance ecosystem

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) announced today (April 28) the establishment of an Expert Panel on Project CargoX (the Expert Panel) to enhance the digital ecosystem for trade finance by harnessing the power of cargo data.

    Riding on the HKMA’s Commercial Data Interchange (CDI) (Note), Project CargoX is a multi-year, public-private collaboration, focusing on three key areas:

    • leveraging cargo data to streamline and enhance trade finance processes;
    • developing digital solutions to improve accessibility to trade finance for small and medium-sized enterprises (SMEs); and
    • exploring connections with international data partners to facilitate the trade financing use case for banks in Hong Kong.

    To achieve these objectives, the HKMA has established an Expert Panel comprising industry experts and key stakeholders from cargo data providers, trade associations, banks, credit reference agencies and government agencies. The Expert Panel will formulate a roadmap for digitising cargo data (encompassing sea, road and air transportation data), and integrating relevant cargo data sources across jurisdictions with CDI, by the end of 2025. A list of the Expert Panel members can be found in the Annex.

    With the guidance and recommendation from the Expert Panel, the HKMA will conduct proof-of-concept (PoC) studies and develop new solutions with strategic partners such as the Airport Authority Hong Kong (AAHK) and the Transport and Logistics Bureau (TLB) as well as pilot banks to improve digital trade finance through the use of cargo data and CDI in 2025 and 2026. 

         The Chief Executive of the HKMA, Mr Eddie Yue, said, “In today’s complex global trade landscape, many businesses, in particular SME traders, need more digitalised and efficient trade finance solutions to transform their business models and supply chains. By uniting a diverse group of experts from public and private sectors, the Expert Panel will play a pivotal role in driving the advancement of our digital trade finance ecosystem, reinforcing Hong Kong’s position as a premier trade finance hub and fostering the growth of SMEs. Leveraging cargo data and our next-generation CDI data infrastructure, CargoX will help resolve some long-standing pain points in trade finance for banks, ultimately boosting efficiency and driving industry-wide innovation.”

         The Commissioner for Maritime and Port Development of the TLB, Miss Amy Chan, said, “The Transport and Logistics Bureau is developing the Port Community System for completion by end of this year to provide cargo track-and-trace across sea, road, and air transport, which is expected to lead the maritime, port, logistics and trading industries to new heights of digitalisation. The Port Community System makes use of blockchain technology to record cargo flows, hence ensuring the integrity and reliability of cargo flow information. We look forward to working with the Expert Panel and strategic partners to unlock the enormous potential of the Port Community System in facilitating trade finance, supporting SMEs, and strengthening Hong Kong’s position as a global maritime hub.”

         Executive Director, Commercial of the AAHK, Ms Cissy Chan, said, “The AAHK is committed to driving innovation and digitalisation in the air cargo industry. Since launching the HKIA Cargo Data Platform in 2021, we have been working with a vast range of ecosystem partners in enabling efficient information and cargo flow via Hong Kong International Airport. The successful use case co-created with the HKMA’s CDI further synergises the capital flow and exemplifies the benefits on trade financing leveraging cargo data and cross-industry ecosystem collaboration. We welcome the HKMA’s effort to continue this momentum through CargoX initiative and look forward to working with like-minded organisations to continue contributing to the development of Hong Kong’s digital trade finance ecosystem.”

    Note: Launched by the HKMA in October 2022, CDI is a consent-based financial data infrastructure that aims to enhance data sharing by facilitating financial institutions’ retrieval of enterprises’ commercial data, in particular the data of SMEs, from both public and private data providers.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Hong Kong Customs seizes smuggled goods worth about $4 million (with photos)

    Source: Hong Kong Government special administrative region

    Hong Kong Customs seizes smuggled goods worth about $4 million  
    Through intelligence analysis and risk assessment, Customs discovered that criminals intended to use ocean-going vessels to smuggle goods. Enforcement operations were thus formulated, with two suspicious containers scheduled to depart from Hong Kong to Iraq and Malaysia via ocean-going vessels being selected for inspection.
     
    Customs inspected the two abovementioned containers that were declared as carrying shoes, clothes and bags, and metal copper plate and integrated circuit parts on April 11 and 17. Upon examinations, Customs officers found large batches of suspected smuggled goods, including household products, small electrical appliances, kitchenware and printed circuit boards in the containers.

    An investigation is ongoing. The likelihood of arrests is not ruled out.
     
    Being a government department primarily responsible for tackling smuggling activities, Customs has long been combating various smuggling activities on all fronts. Customs will keep up its enforcement action and continue to resolutely combat sea smuggling activities through proactive risk management and intelligence-based enforcement strategies, and carry out targeted anti-smuggling operations at suitable times to disrupt relevant crimes.
     
    Smuggling is a serious offence. Under the Import and Export Ordinance, any person found guilty of importing or exporting unmanifested cargo is liable to a maximum fine of $2 million and imprisonment for seven years upon conviction.
     
    Members of the public may report any suspected smuggling activities to Customs’ 24-hour hotline 182 8080 or its dedicated crime-reporting email account (crimereport@customs.gov.hkIssued at HKT 17:16

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Interdepartmental working group on festival arrangements releases latest information on cross-boundary passenger traffic estimation and arrangements for Labour Day Golden Week of Mainland

    Source: Hong Kong Government special administrative region

    Interdepartmental working group on festival arrangements releases latest information on cross-boundary passenger traffic estimation and arrangements for Labour Day Golden Week of Mainland  
         During the upcoming Labour Day Golden Week of the Mainland (from May 1 to 5), the Immigration Department (ImmD) estimates that around 5.71 million passengers (including Hong Kong residents and visitors) will pass through Hong Kong’s sea, land and air control points. The ImmD, in consultation with the Shenzhen General Station of Exit and Entry Frontier Inspection and other Mainland authorities, estimates that around 4.90 million passengers will pass through land boundary control points. The number of outbound and inbound passengers using land boundary control points will be relatively higher on May 3 (Saturday) and May 5 (Monday), with around 590 000 passengers and 580 000 passengers respectively.
      
         The ImmD estimates that the passenger traffic at the Lo Wu Control Point, the Lok Ma Chau Spur Line Control Point and the Shenzhen Bay Control Point will be heavy, with a daily average forecast of about 230 000, 210 000 and 150 000 passengers respectively.
      
         To cope with the anticipated heavy traffic during the festive period, the ImmD has minimised leave for frontline officers for flexible deployment and the operation of extra clearance counters and kiosks.
     
         Furthermore, the ImmD, the Hong Kong Police Force, the Customs and Excise Department and the MTR Corporation Limited will set up a joint command centre at the Lo Wu Control Point to make necessary arrangements. The ImmD will also establish close communication with Mainland authorities, including the Shenzhen General Station of Exit and Entry Frontier Inspection. To ensure a smooth passenger traffic flow, passenger conditions will be closely monitored and appropriate traffic diversion plans will be adopted when necessary.
     
         To avoid congestion and longer-than-usual waiting times for immigration clearance, the ImmD advises all land boundary passengers to plan in advance, avoid making their journeys during busy periods and keep track of radio and TV broadcasts on traffic conditions at various control points. The busy times at boundary control points are available on the website of the ImmD at www.immd.gov.hk 
         For travellers making journeys to the Mainland, the ImmD reminds them to carry their proof of identity and valid travel documents for crossing the boundary. Hong Kong residents should also check the validity of their Home Visit Permits. Non-permanent residents must carry their valid smart identity card as well as their Document of Identity for Visa Purposes or valid travel document.
     
         Holders of the acknowledgement receipt issued due to the reported loss or replacement of their Hong Kong identity cards, or children under 11 years old who hold Hong Kong identity cards, should carry a valid travel document or Re-entry Permit.
     
         About 700 e-Channels have been installed at various control points. To further enhance the clearance efficiency of control points and allow more Hong Kong residents to use the fast and convenient e-Channel service, starting from March 31, the ImmD has adjusted the applicable age for e-Channel service for holders of smart identity cards. Eligible Hong Kong permanent residents aged 7 to 10 years old, who are at least 1.1 metres tall and hold a smart identity card and a valid Hong Kong Special Administrative Region Passport, can use the e-Channels without prior enrolment for self-service immigration clearance via face recognition technology at all control points. Moreover, the Contactless e-Channel service is available at all control points now. All eligible Hong Kong residents, after enrolment, can generate an encrypted QR code through the Contactless e-Channel mobile application to enter the e-Channel and then verify their identity with the facial verification technology for automated immigration clearance.
     
         In addition, all control points have introduced self-service departures for visitors to Hong Kong (Smart Departure), which provides greater travel convenience for visitors. The service employs facial recognition technology for identity verification, which allows eligible visitors holding electronic travel documents to perform self-service departure clearance through Smart Departure e-Channels without prior enrolment.
     
         Hong Kong residents who require assistance while travelling outside Hong Kong may call the 24-hour hotline of the Assistance to Hong Kong Residents Unit of the ImmD at (852) 1868, call the 1868 hotline using network data or use the 1868 Chatbot via the ImmD Mobile App, send a message to 1868 WhatsApp assistance hotline or 1868 WeChat assistance hotline or submit the Online Assistance Request Form.
     
         The interdepartmental working group on festival arrangements is tasked with holistically co-ordinating and steering the preparatory work of various government departments for welcoming visitors to Hong Kong during the Labour Day Golden Week of the Mainland, as well as strengthening information dissemination to enable the public and visitors to plan their itineraries according to the latest situation.
    Issued at HKT 17:15

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    MIL OSI Asia Pacific News –

  • MIL-OSI: Provident Financial Holdings Reports Third Quarter of Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    Net Income of $1.86 million in the March 2025 Quarter, Up 113% from the Sequential Quarter and Up 24% from the Comparable Quarter Last Year

    Net Interest Margin of 3.02% in the March 2025 Quarter, Up 11 Basis Points from the Sequential Quarter and 28 Basis Points from the Comparable Quarter Last Year

    Loans Held for Investment of $1.06 Billion at March 31, 2025, Up 1% from June 30, 2024

    Total Deposits of $901.3 Million at March 31, 2025, Up 2% from June 30, 2024

    Non-Performing Assets to Total Assets Ratio of 0.11% at March 31, 2025, Down from 0.20% at June 30, 2024

    RIVERSIDE, Calif., April 28, 2025 (GLOBE NEWSWIRE) — Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B. (“Bank”), today announced earnings for the third quarter of the fiscal year ending June 30, 2025.

    The Company reported net income of $1.86 million, or $0.28 per diluted share (on 6.73 million average diluted shares outstanding), for the quarter ended March 31, 2025, up 24 percent from net income of $1.50 million, or $0.22 per diluted share (on 6.94 million average diluted shares outstanding), in the comparable period a year ago. The increase was due primarily to a $653,000 increase in net interest income and a $391,000 recovery of credit losses (in contrast to a $124,000 provision for credit losses in the comparable period a year ago), partly offset by a $688,000 increase in non-interest expense (primarily attributable to higher salaries and employee benefits and other operating expenses).

    “The operating environment for Provident has improved over the course of this fiscal year. Our net interest margin has improved each quarter subsequent to June 30, 2024, loan and deposit balances have grown for two consecutive quarters, borrowings have declined for two consecutive quarters, and credit quality remains strong,” stated Donavon P. Ternes, President and Chief Executive Officer of the Company. “We remain active in our stock repurchase plan and continue to maintain our quarterly cash dividend at a consistent level,” concluded Ternes.

    Return on average assets was 0.59 percent for the third quarter of fiscal 2025, compared to 0.28 percent in the second quarter of fiscal 2025 and 0.47 percent for the third quarter of fiscal 2024. Return on average stockholders’ equity for the third quarter of fiscal 2025 was 5.71 percent, compared to 2.66 percent for the second quarter of fiscal 2025 and 4.57 percent for the third quarter of fiscal 2024.

    On a sequential quarter basis, the $1.86 million net income for the third quarter of fiscal 2025 reflects a 113 percent increase from $872,000 in the second quarter of fiscal 2025. The increase was primarily attributable to a $391,000 recovery of credit losses (in contrast to a $586,000 provision for credit losses in the prior sequential quarter), and a $453,000 increase in net interest income (primarily due to a higher net interest margin). Diluted earnings per share for the third quarter of fiscal 2025 were $0.28 per share, up 115 percent from $0.13 per share in the second quarter of fiscal 2025.

    For the nine months ended March 31, 2025, net income decreased $769,000, or 14 percent, to $4.63 million from $5.40 million in the comparable period in fiscal 2024. Diluted earnings per share for the nine months ended March 31, 2025 decreased 12 percent to $0.68 per share (on 6.80 million average diluted shares outstanding) from $0.77 per share (on 6.98 million average diluted shares outstanding) for the comparable nine-month period last year. The decrease was primarily attributable to a $1.81 million increase in non-interest expense (primarily due to an increase in salaries and employee benefits, premises and occupancy, equipment and other operating expenses), partly offset by a $451,000 higher recovery of credit losses, a $177,000 increase in non-interest income and a $115,000 increase in net interest income.

    In the third quarter of fiscal 2025, net interest income increased $653,000 or eight percent to $9.21 million from $8.56 million for the same quarter last year. The increase in net interest income was due to a higher net interest margin, partly offset by a lower average balance of interest-earning assets. The net interest margin for the third quarter of fiscal 2025 increased 28 basis points to 3.02 percent from 2.74 percent in the same quarter last year. The increase in net interest margin was due to increased yields on interest-earning assets outpacing increased funding costs. The average yield on interest-earning assets increased 32 basis points to 4.73 percent in the third quarter of fiscal 2025 from 4.41 percent in the same quarter last year. In contrast, our average funding costs increased by five basis points to 1.91 percent in the third quarter of fiscal 2025 from 1.86 percent in the same quarter last year. The average balance of interest-earning assets decreased two percent to $1.22 billion in the third quarter of fiscal 2025 from $1.25 billion in the same quarter last year, primarily due to decreases in the average balance of investment securities and loans receivable, partly offset by an increase in interest-earning deposits.

    Interest income on loans receivable increased $685,000, or five percent, to $13.37 million in the third quarter of fiscal 2025 from $12.68 million in the same quarter of fiscal 2024. The increase was due to a higher average loan yield, partly offset by a lower average loan balance. The average yield on loans receivable increased 32 basis points to 5.06 percent in the third quarter of fiscal 2025 from 4.74 percent in the same quarter last year. Adjustable-rate loans of approximately $130.9 million repriced downward in the third quarter of fiscal 2025 by approximately four basis points, from a weighted average rate of 7.56 percent to 7.52 percent. However, the overall increase in average yield was driven by an upward repricing of adjustable mortgage loans during the last 12 months. The average balance of loans receivable decreased $14.6 million, or one percent, to $1.06 billion in the third quarter of fiscal 2025 from $1.07 billion in the same quarter last year. Total loans originated for investment in the third quarter of fiscal 2025 were $27.9 million, up 53 percent from $18.2 million in the same quarter last year, while loan principal payments received in the third quarter of fiscal 2025 were $23.0 million, down 19 percent from $28.5 million in the same quarter last year.

    Interest income from investment securities decreased $58,000, or 11 percent, to $459,000 in the third quarter of fiscal 2025 from $517,000 for the same quarter of fiscal 2024. This decrease was attributable to a lower average balance, partly offset by a higher average yield. The average balance of investment securities decreased $23.0 million, or 16 percent, to $118.4 million in the third quarter of fiscal 2025 from $141.4 million in the same quarter last year. The decrease in the average balance was due to scheduled principal payments and prepayments of investment securities. The average yield on investment securities increased nine basis points to 1.55 percent in the third quarter of fiscal 2025 from 1.46 percent for the same quarter last year. The increase in the average yield was primarily attributable to a lower premium amortization during the current quarter in comparison to the same quarter last year ($86,000 vs. $124,000) due to lower total principal repayments ($5.3 million vs. $5.7 million) and, to a lesser extent, the upward repricing of adjustable-rate mortgage-backed securities.

    In the third quarter of fiscal 2025, the Bank received $213,000 in cash dividends from the Federal Home Loan Bank (“FHLB”) – San Francisco stock and other equity investments, up one percent from $210,000 in the same quarter last year, resulting in an average yield of 8.30 percent in the third quarter of fiscal 2025 compared to 8.84 percent in the same quarter last year. The average balance of FHLB – San Francisco stock and other equity investments in the third quarter of fiscal 2025 was $10.3 million, up from $9.5 million in the same quarter of fiscal 2024.

    Interest income from interest-earning deposits, primarily cash deposited at the Federal Reserve Bank (“FRB”) of San Francisco, was $389,000 in the third quarter of fiscal 2025, down $8,000 or two percent from $397,000 in the same quarter of fiscal 2024. The decrease was due to a lower average yield, partly offset by a higher average balance. The average yield earned on interest-earning deposits in the third quarter of fiscal 2025 was 4.42 percent, down 98 basis points from 5.40 percent in the same quarter last year. The decrease in the average yield was due to a lower average interest rate on the FRB’s reserve balances resulting from decreases in the targeted federal funds rate during the comparable periods. The average balance of the Company’s interest-earning deposits increased $6.1 million, or 21 percent, to $35.2 million in the third quarter of fiscal 2025 from $29.1 million in the same quarter last year.

    Interest expense on deposits for the third quarter of fiscal 2025 was $2.75 million, an increase of $71,000 or three percent from $2.68 million for the same period last year. The increase was attributable to higher rates paid on deposits, partly offset by a lower average balance. The average cost of deposits was 1.26 percent in the third quarter of fiscal 2025, up eight basis points from 1.18 percent in the same quarter last year, primarily due to a greater proportion of time deposits, including brokered certificates of deposit which carry higher interest rates. The average balance of deposits decreased $25.8 million, or three percent, to $885.0 million in the third quarter of fiscal 2025 from $910.8 million in the same quarter last year.

    Transaction account balances, or “core deposits,” decreased $23.1 million, or four percent, to $591.4 million at March 31, 2025 from $614.5 million at June 30, 2024, while time deposits increased $36.0 million, or 13 percent, to $309.9 million at March 31, 2025 from $273.9 million at June 30, 2024. As of March 31, 2025, brokered certificates of deposit (which amounts are reflected in time deposits above) totaled $129.8 million, down $2.0 million or two percent from $131.8 million at June 30, 2024. The weighted average cost of brokered certificates of deposit was 4.34 percent and 5.18 percent (including broker fees) at March 31, 2025 and June 30, 2024, respectively.

    Interest expense on borrowings, consisting of FHLB advances, for the third quarter of fiscal 2025 decreased $102,000, or four percent, to $2.47 million from $2.57 million for the same period last year. The decrease was primarily the result of a lower average cost and, to a lesser extent, a lower average balance. The average cost of borrowings decreased 11 basis points to 4.52 percent in the third quarter of fiscal 2025 from 4.63 percent in the same quarter last year. The average balance of borrowings decreased $1.8 million, or one percent, to $221.8 million in the third quarter of fiscal 2025 from $223.6 million in the same quarter last year.

    At March 31, 2025, the Bank had approximately $269.8 million of remaining borrowing capacity at the FHLB. Additionally, the Bank has a remaining borrowing facility of approximately $151.0 million with the FRB of San Francisco and an unused unsecured federal funds borrowing facility of $50.0 million with its correspondent bank. The total available borrowing capacity across all sources totaled approximately $470.8 million at March 31, 2025.

    During the third quarter of fiscal 2025, the Company recorded a recovery of credit losses totaling $391,000, which included a $12,000 recovery related to unfunded loan commitment reserves. This compares to a $124,000 provision for credit losses in the same quarter last year and a $586,000 provision in the second quarter of fiscal 2025 (sequential quarter). The recovery of credit losses recorded in the third quarter of fiscal 2025 was primarily attributable to improved qualitative factors related to single-family residential collateral, partly offset by a lengthening of the average loan life due to lower estimated loan prepayments as of March 31, 2025, compared to December 31, 2024.

    Non-performing assets, comprised solely of non-accrual loans secured by properties located in California, decreased $1.2 million or 46 percent to $1.4 million, which represented 0.11 percent of total assets at March 31, 2025, compared to $2.6 million, which represented 0.20 percent of total assets at June 30, 2024. At March 31, 2025, non-performing loans were comprised of seven single-family loans and one multi-family loan, while at June 30, 2024, non-performing loans were comprised of 10 single-family loans. At both dates, the Bank had no real estate owned and no loans 90 days or more past due that were still accruing interest. Additionally, there were no loan charge-offs during the quarters ended March 31, 2025 and 2024.

    The January 2025 wildfires in Los Angeles, California did not have a material impact on the Company’s operations or the Bank’s customers. The Bank’s branches and facilities remained operational throughout the wildfire events, and there were no significant disruptions to customer services or business activities. Additionally, the Bank did not have any significant credit exposure or financial impact attributable to the wildfires.

    Classified assets were $6.8 million at March 31, 2025, consisting of $1.7 million of loans in the special mention category and $5.1 million of loans in the substandard category. Classified assets at June 30, 2024 were $5.8 million, consisting of $1.1 million of loans in the special mention category and $4.7 million of loans in the substandard category.

    The allowance for credit losses on loans held for investment was $6.6 million, or 0.62 percent of gross loans held for investment, at March 31, 2025, down from $7.1 million, or 0.67 percent of gross loans held for investment, at June 30, 2024. The decrease in the allowance for credit losses was due primarily to improved qualitative factors related to single-family residential collateral, partially offset by an increase in the estimated average life of the loan portfolio, reflecting lower loan prepayment expectations as of March 31, 2025. Management believes, based on currently available information, the allowance for credit losses is sufficient to absorb expected losses inherent in loans held for investment at March 31, 2025.

    Non-interest income increased by $59,000, or seven percent, to $907,000 in the third quarter of fiscal 2025 from $848,000 in the same period last year, due primarily to a $43,000 increase in loan servicing and other fees and a $55,000 increase in other fees (primarily attributable to an increase in the unrealized gain on other equity investments). These increases were partly offset by decreases of $26,000 and $13,000 in card and processing fees and deposit account fees, respectively, primarily due to lower transaction volumes and reduced customer activity. On a sequential quarter basis, non-interest income increased $63,000, or seven percent, primarily due to an increase in loan servicing and other fees.

    Non-interest expense increased $688,000, or 10 percent, to $7.86 million in the third quarter of fiscal 2025 from $7.17 million for the same quarter last year, primarily due to a $236,000 increase in salaries and employee benefits expenses and a $235,000 increase in other operating expenses. The higher salaries and employee benefits expenses was primarily due to higher compensation expenses, a higher accrual adjustment for the supplemental executive retirement plan expense, higher group insurance expenses and higher equity incentive expenses, partly offset by a decrease in retirement plan benefit expenses. The increase in other operating expenses was primarily attributable to a $239,000 litigation settlement expense. On a sequential quarter basis, non-interest expense increased $62,000, or one percent as compared to $7.79 million in the second quarter of fiscal 2025, due primarily to the litigation settlement expense, partly offset by decreases in salaries and employee benefits expenses, premises and occupancy expenses and professional expenses.

    The Company’s efficiency ratio, defined as non-interest expense divided by the sum of net interest income and non-interest income, in the third quarter of fiscal 2025 was 77.64 percent, a slight increase from 76.20 percent in the same quarter last year but an improvement from 81.15 percent in the second quarter of fiscal 2025 (sequential quarter). The increase in the efficiency ratio during the current quarter in comparison to the comparable quarter last year was due to higher non-interest expense relative to total net interest income plus non-interest income.

    The Company’s provision for income taxes was $797,000 for the third quarter of fiscal 2025, up 29 percent from $620,000 in the same quarter last year and up 126 percent from $352,000 for the second quarter of fiscal 2025 (sequential quarter). The increase during the current quarter compared to both the sequential quarter and same quarter last year was due to an increase in pre-tax income. The effective tax rate in the third quarter of fiscal 2025 was 30.0 percent as compared to 29.3 percent in the same quarter last year and 28.8 percent for the second quarter of fiscal 2025 (sequential quarter).

    The Company repurchased 51,869 shares of its common stock at an average cost of $15.30 per share during the quarter ended March 31, 2025. As of March 31, 2025, a total of 293,132 shares remained available for future purchase under the Company’s current repurchase program.

    The Bank currently operates 13 retail/business banking offices in Riverside County and San Bernardino County (Inland Empire).

    The Company will host a conference call for institutional investors and bank analysts on Tuesday, April 29, 2025 at 9:00 a.m. (Pacific) to discuss its financial results. The conference call can be accessed by dialing 1-800-715-9871 and referencing Conference ID number 7361828. An audio replay of the conference call will be available through Tuesday, May 6, 2025 by dialing 1-800-770-2030 and referencing Conference ID number 7361828.

    For more financial information about the Company please visit the website at www.myprovident.com and click on the “Investor Relations” section.

    Safe-Harbor Statement

    This press release contains statements that the Company believes are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to the Company’s financial condition, liquidity, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements as they are subject to various risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

    There are a number of important factors that could cause future results to differ materially from historical performance and these forward-looking statements. Factors which could cause actual results to differ materially from the results anticipated or implied by our forward-looking statements include, but are not limited to: adverse economic conditions in our local market areas or other markets where we have lending relationships; effects of employment levels, labor shortages, inflation, a recession or slowed economic growth; changes in the interest rate environment, including the increases and decreases in the Board of Governors of the Federal Reserve Board (the “Federal Reserve”) benchmark rate and the duration of such levels, which could adversely affect our revenues and expenses, the value of assets and obligations, and the availability and cost of capital and liquidity; the impact of inflation and the Federal Reserve monetary policy; the effects of any Federal government shutdown; credit risks of lending activities, including loan delinquencies, write-offs, changes in our allowance for credit losses (“ACL”), and provision for credit losses; increased competitive pressures, including repricing and competitors’ pricing initiatives, and their impact on our market position, loan, and deposit products; quality and composition of our securities portfolio and the impact of adverse changes in the securities markets; fluctuations in deposits; secondary market conditions for loans and our ability to sell loans in the secondary market; liquidity issues, including our ability to borrow funds or raise additional capital, if necessary; expectations regarding key growth initiatives and strategic priorities; the impact of bank failures or adverse developments at other banks and related negative press about the banking industry in general on investor and depositor sentiment; results of examinations of us by regulatory authorities, which may the possibility that any such regulatory authority may, among other things, institute a formal or informal enforcement action against us or our bank subsidiary which could require us to increase our ACL, write-down assets, change our regulatory capital position or affect our ability to borrow funds or maintain or increase deposits or impose additional requirements or restrictions on us, any of which could adversely affect our liquidity and earnings; legislative and regulatory changes, including changes in banking, securities and tax law, in regulatory policies and principles, or the interpretation of regulatory capital or other rules; use of estimates in determining the fair value of assets, which may prove incorrect; disruptions or security breaches, or other adverse events, failures or interruptions in or attacks on our information technology systems or on our third-party vendors; the potential for new or increased tariffs, trade restrictions or geopolitical tensions that could affect economic activity or specific industry sectors; staffing fluctuations in response to product demand or corporate implementation strategies; our ability to pay dividends on our common stock; environmental, social and governance goals; effects of climate change, severe weather events, natural disasters, pandemics, epidemics and other public health crises, acts of war or terrorism, civil unrest and other external events; and other factors described in the Company’s latest Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other reports filed with and furnished to the Securities and Exchange Commission (“SEC”), which are available on our website at www.myprovident.com and on the SEC’s website at www.sec.gov.

    We do not undertake and specifically disclaim any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements whether as a result of new information, future events or otherwise. These risks could cause our actual results for fiscal 2025 and beyond to differ materially from those expressed in any forward-looking statements by, or on behalf of us and could negatively affect our operating and stock price performance.

             

    Contacts:

    		   Donavon P. Ternes   Haryanto L. Sunarto
        President and   Interim Chief Financial Officer
        Chief Executive Officer   (951) 686-6060
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Condensed Consolidated Statements of Financial Condition
    (Unaudited –In Thousands, Except Share and Per Share Information)
                                   
        March 31,   December 31,   September 30,   June 30,   March 31,
        2025
    		   2024
    		   2024
    		   2024
    		   2024
    Assets                              
    Cash and cash equivalents   $ 50,915     $ 45,539     $ 48,193     $ 51,376     $ 51,731  
    Investment securities – held to maturity, at cost with no allowance for credit losses     113,617       118,888       124,268       130,051       135,971  
    Investment securities – available for sale, at fair value     1,681       1,750       1,809       1,849       1,935  
    Loans held for investment, net of allowance for credit losses of $6,577, $6,956, $6,329, $7,065 and $7,108, respectively; includes $1,032, $1,016, $1,082, $1,047 and $1,054 of loans held at fair value, respectively     1,058,980       1,053,603       1,048,633       1,052,979       1,065,761  
    Accrued interest receivable     4,263       4,167       4,287       4,287       4,249  
    FHLB – San Francisco stock and other equity investments, includes $721, $650, $565, $540 and $0 of other equity investments at fair value, respectively     10,289       10,218       10,133       10,108       9,505  
    Premises and equipment, net     9,388       9,474       9,615       9,313       9,637  
    Prepaid expenses and other assets     11,047       11,327       10,442       12,237       11,258  
    Total assets   $ 1,260,180     $ 1,254,966     $ 1,257,380     $ 1,272,200     $ 1,290,047  
                                   
    Liabilities and Stockholders’ Equity                              
    Liabilities:                              
    Noninterest-bearing deposits   $ 89,103     $ 85,399     $ 86,458     $ 95,627     $ 91,708  
    Interest-bearing deposits     812,216       782,116       777,406       792,721       816,414  
    Total deposits     901,319       867,515       863,864       888,348       908,122  
                                   
    Borrowings     215,580       245,500       249,500       238,500       235,000  
    Accounts payable, accrued interest and other liabilities     14,406       13,321       14,410       15,411       17,419  
    Total liabilities     1,131,305       1,126,336       1,127,774       1,142,259       1,160,541  
                                   
    Stockholders’ equity:                              
    Preferred stock, $.01 par value (2,000,000 shares authorized; none issued and outstanding)     —       —       —       —       —  
    Common stock, $.01 par value; (40,000,000 shares authorized; 18,229,615, 18,229,615, 18,229,615, 18,229,615 and 18,229,615 shares issued respectively; 6,653,822, 6,705,691, 6,769,247, 6,847,821 and 6,896,297 shares outstanding, respectively)     183       183       183       183       183  
    Additional paid-in capital     99,096       98,747       98,711       98,532       99,591  
    Retained earnings     211,701       210,779       210,853       209,914       208,923  
    Treasury stock at cost (11,573,793, 11,523,924, 11,460,368, 11,381,794, and 11,333,318 shares, respectively)     (182,121 )     (181,094 )     (180,155 )     (178,685 )     (179,183 )
    Accumulated other comprehensive income (loss), net of tax     16       15       14       (3 )     (8 )
    Total stockholders’ equity     128,875       128,630       129,606       129,941       129,506  
    Total liabilities and stockholders’ equity   $ 1,260,180     $ 1,254,966     $ 1,257,380     $ 1,272,200     $ 1,290,047  
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Condensed Consolidated Statements of Operations
    (Unaudited – In Thousands, Except Per Share Information)
                             
        For the Quarter Ended   Nine Months Ended
           March 31,      March 31,
           2025
    		      2024      2025
    		      2024
    Interest income:                        
    Loans receivable, net   $ 13,368     $ 12,683   $ 39,441     $ 37,368  
    Investment securities     459       517     1,412       1,565  
    FHLB – San Francisco stock and other equity investments     213       210     636       586  
    Interest-earning deposits     389       397     1,036       1,295  
    Total interest income     14,429       13,807     42,525       40,814  
                             
    Interest expense:                        
    Checking and money market deposits     46       90     150       219  
    Savings deposits     127       97     356       208  
    Time deposits     2,573       2,488     7,738       6,406  
    Borrowings     2,471       2,573     7,694       7,509  
    Total interest expense     5,217       5,248     15,938       14,342  
                             
    Net interest income     9,212       8,559     26,587       26,472  
    (Recovery of) provision for credit losses     (391 )     124     (502 )     (51 )
    Net interest income, after (recovery of) provision for credit losses     9,603       8,435     27,089       26,523  
                             
    Non-interest income:                        
    Loan servicing and other fees     135       92     299       195  
    Deposit account fees     276       289     856       876  
    Card and processing fees     291       317     911       1,003  
    Other     205       150     585       400  
    Total non-interest income     907       848     2,651       2,474  
                             
    Non-interest expense:                        
    Salaries and employee benefits     4,776       4,540     14,235       13,223  
    Premises and occupancy     880       835     2,748       2,641  
    Equipment     417       329     1,139       962  
    Professional     386       321     1,224       1,203  
    Sales and marketing     181       167     541       516  
    Deposit insurance premiums and regulatory assessments     195       190     568       596  
    Other     1,021       786     2,718       2,227  
    Total non-interest expense     7,856       7,168     23,173       21,368  
    Income before income taxes     2,654       2,115     6,567       7,629  
    Provision for income taxes     797       620     1,938       2,231  
    Net income   $ 1,857     $ 1,495   $ 4,629     $ 5,398  
                             
    Basic earnings per share   $ 0.28     $ 0.22   $ 0.69     $ 0.77  
    Diluted earnings per share   $ 0.28     $ 0.22   $ 0.68     $ 0.77  
    Cash dividends per share   $ 0.14     $ 0.14   $ 0.42     $ 0.42  
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Condensed Consolidated Statements of Operations – Sequential Quarters
    (Unaudited – In Thousands, Except Per Share Information)
                                   
        For the Quarter Ended
        March 31,   December 31,   September 30,   June 30,   March 31,
           2025
    		      2024      2024
    		      2024
    		      2024
    Interest income:                              
    Loans receivable, net   $ 13,368     $ 13,050   $ 13,023     $ 12,826     $ 12,683
    Investment securities     459       471     482       504       517
    FHLB – San Francisco stock and other equity investments     213       213     210       207       210
    Interest-earning deposits     389       287     360       379       397
    Total interest income     14,429       14,021     14,075       13,916       13,807
                                   
    Interest expense:                              
    Checking and money market deposits     46       51     53       71       90
    Savings deposits     127       117     112       105       97
    Time deposits     2,573       2,506     2,659       2,657       2,488
    Borrowings     2,471       2,588     2,635       2,632       2,573
    Total interest expense     5,217       5,262     5,459       5,465       5,248
                                   
    Net interest income     9,212       8,759     8,616       8,451       8,559
    (Recovery of) provision for credit losses     (391 )     586     (697 )     (12 )     124
    Net interest income, after (recovery of) provision for credit losses     9,603       8,173     9,313       8,463       8,435
                                   
    Non-interest income:                              
    Loan servicing and other fees     135       60     104       142       92
    Deposit account fees     276       282     298       278       289
    Card and processing fees     291       300     320       381       317
    Other     205       203     177       666       150
    Total non-interest income     907       845     899       1,467       848
                                   
    Non-interest expense:                              
    Salaries and employee benefits     4,776       4,826     4,633       4,419       4,540
    Premises and occupancy     880       917     951       945       835
    Equipment     417       379     343       347       329
    Professional     386       412     426       327       321
    Sales and marketing     181       187     173       193       167
    Deposit insurance premiums and regulatory assessments     195       190     183       184       190
    Other     1,021       883     814       757       786
    Total non-interest expense     7,856       7,794     7,523       7,172       7,168
    Income before income taxes     2,654       1,224     2,689       2,758       2,115
    Provision for income taxes     797       352     789       805       620
    Net income   $ 1,857     $ 872   $ 1,900     $ 1,953     $ 1,495
                                   
    Basic earnings per share   $ 0.28     $ 0.13   $ 0.28     $ 0.28     $ 0.22
    Diluted earnings per share   $ 0.28     $ 0.13   $ 0.28     $ 0.28     $ 0.22
    Cash dividends per share   $ 0.14     $ 0.14   $ 0.14     $ 0.14     $ 0.14
                                   
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Financial Highlights
    (Unaudited – Dollars in Thousands, Except Share and Per Share Information)
                               
        As of and For the  
        Quarter Ended   Nine Months Ended  
        March 31,   March 31,  
           2025      2024      2025      2024  
    SELECTED FINANCIAL RATIOS:                          
    Return on average assets     0.59 %   0.47 %   0.50 %   0.56 %
    Return on average stockholders’ equity     5.71 %   4.57 %   4.72 %   5.51 %
    Stockholders’ equity to total assets     10.23 %   10.04 %   10.23 %   10.04 %
    Net interest spread     2.82 %   2.55 %   2.74 %   2.64 %
    Net interest margin     3.02 %   2.74 %   2.92 %   2.80 %
    Efficiency ratio     77.64 %   76.20 %   79.26 %   73.82 %
    Average interest-earning assets to average interest-bearing liabilities     110.25 %   110.28 %   110.38 %   110.24 %
                               
    SELECTED FINANCIAL DATA:                          
    Basic earnings per share   $ 0.28   $ 0.22   $ 0.69   $ 0.77  
    Diluted earnings per share   $ 0.28   $ 0.22   $ 0.68   $ 0.77  
    Book value per share   $ 19.37   $ 18.78   $ 19.37   $ 18.78  
    Shares used for basic EPS computation     6,679,808     6,919,397     6,753,060     6,968,353  
    Shares used for diluted EPS computation     6,732,794     6,935,053     6,796,743     6,981,223  
    Total shares issued and outstanding     6,653,822     6,896,297     6,653,822     6,896,297  
                               
    LOANS ORIGINATED FOR INVESTMENT:                          
    Mortgage loans:                          
    Single-family   $ 22,163   $ 8,946   $ 74,195   $ 30,058  
    Multi-family     4,087     5,865     15,772     17,586  
    Commercial real estate     1,135     2,172     2,760     8,047  
    Commercial business loans     500     1,250     550     1,250  
    Total loans originated for investment   $ 27,885   $ 18,233   $ 93,277   $ 56,941  
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Financial Highlights
    (Unaudited – Dollars in Thousands, Except Share and Per Share Information)
                                     
        As of and For the  
        Quarter   Quarter   Quarter   Quarter   Quarter  
        Ended   Ended   Ended   Ended   Ended  
           03/31/25      12/31/24      09/30/24      06/30/24      03/31/24  
    SELECTED FINANCIAL RATIOS:                                
    Return on average assets     0.59 %   0.28 %   0.61 %   0.62 %   0.47 %
    Return on average stockholders’ equity     5.71 %   2.66 %   5.78 %   5.96 %   4.57 %
    Stockholders’ equity to total assets     10.23 %   10.25 %   10.31 %   10.21 %   10.04 %
    Net interest spread     2.82 %   2.74 %   2.66 %   2.54 %   2.55 %
    Net interest margin     3.02 %   2.91 %   2.84 %   2.74 %   2.74 %
    Efficiency ratio     77.64 %   81.15 %   79.06 %   72.31 %   76.20 %
    Average interest-earning assets to average interest-bearing liabilities     110.25 %   110.52 %   110.34 %   110.40 %   110.28 %
                                     
    SELECTED FINANCIAL DATA:                                
    Basic earnings per share   $ 0.28   $ 0.13   $ 0.28   $ 0.28   $ 0.22  
    Diluted earnings per share   $ 0.28   $ 0.13   $ 0.28   $ 0.28   $ 0.22  
    Book value per share   $ 19.37   $ 19.18   $ 19.15   $ 18.98   $ 18.78  
    Average shares used for basic EPS     6,679,808     6,744,653     6,833,125     6,867,521     6,919,397  
    Average shares used for diluted EPS     6,732,794     6,792,759     6,863,083     6,893,813     6,935,053  
    Total shares issued and outstanding     6,653,822     6,705,691     6,769,247     6,847,821     6,896,297  
                                     
    LOANS ORIGINATED FOR INVESTMENT:                                
    Mortgage loans:                                
    Single-family   $ 22,163   $ 29,583   $ 22,449   $ 10,862   $ 8,946  
    Multi-family     4,087     6,495     5,190     4,526     5,865  
    Commercial real estate     1,135     365     1,260     1,710     2,172  
    Construction     —     —     —     1,480     —  
    Commercial business loans     500     —     50     —     1,250  
    Total loans originated for investment   $ 27,885   $ 36,443   $ 28,949   $ 18,578   $ 18,233  
    PROVIDENT FINANCIAL HOLDINGS, INC.
    Financial Highlights
    (Unaudited – Dollars in Thousands)
                                     
           As of      As of      As of      As of      As of  
        03/31/25   12/31/24   09/30/24   06/30/24   03/31/24  
    ASSET QUALITY RATIOS AND DELINQUENT LOANS:                                
    Recourse reserve for loans sold   $ 23   $ 23   $ 23   $ 26   $ 31  
    Allowance for credit losses on loans held for investment   $ 6,577   $ 6,956   $ 6,329   $ 7,065   $ 7,108  
    Non-performing loans to loans held for investment, net     0.13 %   0.24 %   0.20 %   0.25 %   0.21 %
    Non-performing assets to total assets     0.11 %   0.20 %   0.17 %   0.20 %   0.17 %
    Allowance for credit losses on loans to gross loans held for investment     0.62 %   0.66 %   0.61 %   0.67 %   0.67 %
    Net loan charge-offs (recoveries) to average loans receivable (annualized)     — %   — %   — %   — %   — %
    Non-performing loans   $ 1,395   $ 2,530   $ 2,106   $ 2,596   $ 2,246  
    Loans 30 to 89 days delinquent   $ 199   $ 3   $ 2   $ 1   $ 388  
                                   
           Quarter      Quarter      Quarter      Quarter      Quarter
        Ended   Ended   Ended   Ended   Ended
        03/31/25   12/31/24   09/30/24   06/30/24   03/31/24
    (Recovery) recourse provision for loans sold   $ —     $ —   $ (3 )   $ (5 )   $ —
    (Recovery of) provision for credit losses   $ (391 )   $ 586   $ (697 )   $ (12 )   $ 124
    Net loan charge-offs (recoveries)   $ —     $ —   $ —     $ —     $ —
                           
           As of      As of      As of      As of      As of  
        03/31/2025   12/31/2024   09/30/2024   06/30/2024   03/31/2024  
    REGULATORY CAPITAL RATIOS (BANK):                      
    Tier 1 leverage ratio   9.85 % 9.81 % 9.63 % 10.02 % 9.70 %
    Common equity tier 1 capital ratio   19.01 % 18.60 % 18.36 % 19.29 % 18.77 %
    Tier 1 risk-based capital ratio   19.01 % 18.60 % 18.36 % 19.29 % 18.77 %
    Total risk-based capital ratio   20.03 % 19.67 % 19.35 % 20.38 % 19.85 %
                           
        As of March 31,  
           2025      2024  
           Balance      Rate(1)      Balance      Rate(1)  
    INVESTMENT SECURITIES:                      
    Held to maturity (at cost):                      
    U.S. SBA securities   $ 328   4.85 % $ 458   5.85 %
    U.S. government sponsored enterprise MBS     109,718   1.60     131,711   1.54  
    U.S. government sponsored enterprise CMO     3,571   2.13     3,802   2.16  
    Total investment securities held to maturity   $ 113,617   1.62 % $ 135,971   1.57 %
                           
    Available for sale (at fair value):                      
    U.S. government agency MBS   $ 1,119   4.72 % $ 1,274   3.72 %
    U.S. government sponsored enterprise MBS     482   6.91     570   6.05  
    Private issue CMO     80   6.10     91   4.96  
    Total investment securities available for sale   $ 1,681   5.41 % $ 1,935   4.46 %
    Total investment securities   $ 115,298   1.68 % $ 137,906   1.61 %

    (1) Weighted-average yield earned on all instruments included in the balance of the respective line item.

    PROVIDENT FINANCIAL HOLDINGS, INC.
    Financial Highlights
    (Unaudited – Dollars in Thousands)
                           
        As of March 31,  
           2025      2024  
           Balance      Rate(1)      Balance      Rate(1)  
    LOANS HELD FOR INVESTMENT:                      
    Mortgage loans:                      
    Single-family (1 to 4 units)   $ 545,377     4.66 % $ 517,039     4.39 %
    Multi-family (5 or more units)     429,547     5.47     457,401     5.14  
    Commercial real estate     75,349     6.63     83,136     6.36  
    Construction     837     11.00     2,745     8.81  
    Other     89     5.25     99     5.25  
    Commercial business loans     4,255     9.52     2,835     9.79  
    Consumer loans     52     17.50     60     18.50  
    Total loans held for investment     1,055,506     5.15 %   1,063,315     4.89 %
                           
    Advance payments of escrows     519           371        
    Deferred loan costs, net     9,532           9,183        
    Allowance for credit losses on loans     (6,577 )         (7,108 )      
    Total loans held for investment, net   $ 1,058,980         $ 1,065,761        
    Purchased loans serviced by others included above   $ 1,721     5.72 % $ 1,999     5.80 %

    (1) Weighted-average yield earned on all instruments included in the balance of the respective line item.

                           
        As of March 31,  
           2025      2024  
           Balance      Rate(1)      Balance      Rate(1)  
    DEPOSITS:                      
    Checking accounts – noninterest-bearing   $ 89,103   — % $ 91,708   — %
    Checking accounts – interest-bearing     248,392   0.04     275,920   0.04  
    Savings accounts     232,308   0.24     247,847   0.17  
    Money market accounts     21,640   0.16     26,715   0.41  
    Time deposits     309,876   3.57     265,932   3.89  
    Total deposits(2)(3)   $ 901,319   1.30 % $ 908,122   1.21 %
                           
    Brokered CDs included in time deposits above   $ 129,770   4.34 % $ 130,900   5.19 %
                           
    BORROWINGS:                      
    Overnight   $ 20,000   4.65 % $ —   — %
    Three months or less     22,500   4.17     59,500   5.28  
    Over three to six months     5,000   5.33     33,000   5.34  
    Over six months to one year     108,000   4.65     70,000   4.51  
    Over one year to two years     45,000   4.66     42,500   4.62  
    Over two years to three years     80   4.50     15,000   4.87  
    Over three years to four years     15,000   4.41     —   —  
    Over four years to five years     —   —     15,000   4.41  
    Over five years     —   —     —   —  
    Total borrowings(4)   $ 215,580   4.60 % $ 235,000   4.86 %

    (1) Weighted-average rate paid on all instruments included in the balance of the respective line item.
    (2) Includes uninsured deposits of approximately $162.2 million (of which, $57.1 million are collateralized) and $136.4 million (of which, $9.2 million are collateralized) at March 31, 2025 and 2024, respectively.
    (3) The average balance of deposit accounts was approximately $37 thousand and $34 thousand at March 31, 2025 and 2024, respectively.
    (4) The Bank had approximately $269.8 million and $269.2 million of remaining borrowing capacity at the FHLB – San Francisco, approximately $151.0 million and $172.7 million of borrowing capacity at the FRB of San Francisco and $50.0 million and $50.0 million of borrowing capacity with its correspondent bank at March 31, 2025 and 2024, respectively.

    PROVIDENT FINANCIAL HOLDINGS, INC.
    Financial Highlights
    (Unaudited – Dollars in Thousands)
                             
        For the Quarter Ended   For the Quarter Ended  
        March 31, 2025   March 31, 2024  
           Balance      Rate(1)      Balance      Rate(1)  
    SELECTED AVERAGE BALANCE SHEETS:                        
                             
    Loans receivable, net   $ 1,056,441     5.06 % $ 1,071,004   4.74 %
    Investment securities     118,431     1.55     141,390   1.46  
    FHLB – San Francisco stock and other equity investments     10,268     8.30     9,505   8.84  
    Interest-earning deposits     35,182     4.42     29,099   5.40  
    Total interest-earning assets   $ 1,220,322     4.73 % $ 1,250,998   4.41 %
    Total assets   $ 1,251,168         $ 1,281,975      
                             
    Deposits(2)   $ 885,032     1.26 % $ 910,781   1.18 %
    Borrowings     221,787     4.52     223,632   4.63  
    Total interest-bearing liabilities(2)   $ 1,106,819     1.91 % $ 1,134,413   1.86 %
    Total stockholders’ equity   $ 130,081         $ 130,906      

    (1) Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item.
    (2) Includes the average balance of noninterest-bearing checking accounts of $88.4 million and $91.0 million during the quarters ended March 31, 2025 and 2024, respectively. The average balance of uninsured deposits of $131.2 million and $139.0 million in the quarters ended March 31, 2025 and 2024, respectively.

                             
        Nine Months Ended   Nine Months Ended  
           March 31, 2025      March 31, 2024  
           Balance      Rate(1)      Balance      Rate(1)  
    SELECTED AVERAGE BALANCE SHEETS:                        
                             
    Loans receivable, net   $ 1,050,748     5.00 % $ 1,072,741   4.64 %
    Investment securities     123,983     1.52     147,445   1.42  
    FHLB – San Francisco stock and other equity investments     10,186     8.33     9,505   8.22  
    Interest-earning deposits     28,404     4.79     31,538   5.38  
    Total interest-earning assets   $ 1,213,321     4.67 % $ 1,261,229   4.31 %
    Total assets   $ 1,243,635         $ 1,291,902      
                             
    Deposits(2)   $ 876,176     1.25 % $ 921,905   0.99 %
    Borrowings     223,087     4.59     222,206   4.50  
    Total interest-bearing liabilities(2)   $ 1,099,263     1.93 % $ 1,144,111   1.67 %
    Total stockholders’ equity   $ 130,911         $ 130,686      

    (1) Weighted-average yield earned or rate paid on all instruments included in the balance of the respective line item.
    (2) Includes the average balance of noninterest-bearing checking accounts of $88.4 million and $98.9 million during the nine months ended March 31, 2025 and 2024, respectively. The average balance of uninsured deposits of $127.5 million and $139.1 million in the nine months ended March 31, 2025 and 2024, respectively.

    ASSET QUALITY:

                                   
           As of      As of      As of      As of      As of
        03/31/25   12/31/24   09/30/24   06/30/24   03/31/24
    Loans on non-accrual status                              
    Mortgage loans:                              
    Single-family   $ 925   $ 2,530   $ 2,106   $ 2,596   $ 2,246
    Multi-family     470     —     —     —     —
    Total     1,395     2,530     2,106     2,596     2,246
                                   
    Accruing loans past due 90 days or more:     —     —     —     —     —
    Total     —     —     —     —     —
                                   
    Total non-performing loans (1)     1,395     2,530     2,106     2,596     2,246
                                   
    Real estate owned, net     —     —     —     —     —
    Total non-performing assets   $ 1,395   $ 2,530   $ 2,106   $ 2,596   $ 2,246

    (1) The non-performing loan balances are net of individually evaluated or collectively evaluated allowances, specifically attached to the individual loans.

    The MIL Network –

  • MIL-OSI: MEXC DEX+ Unveils Upgrade: One-Click Wallet Access Redefines Web3 Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 28, 2025 (GLOBE NEWSWIRE) — MEXC, a global leader in cryptocurrency trading, has upgraded the feature for MEXC DEX+, enabling users to register and log in seamlessly using external Web3 wallets such as MetaMask, Phantom, Trust Wallet, and TronLink. By leveraging wallet addresses as account identifiers, this innovation eliminates email or phone verification, delivering instant access to a unified CEX-DEX trading experience. Combining the robust liquidity of centralized exchanges (CEX) with the flexibility of decentralized exchanges (DEX), MEXC is redefining Web3 trading, empowering users worldwide to embrace the future of finance.

    Wallet as Identity: Seamless Trading Redefined

    MEXC DEX+’s external wallet registration feature prioritizes user experience, transforming the ease and flexibility of crypto trading. Key highlights include:

    • Sign Up and Trade in Seconds: Connect MetaMask, Phantom, Trust Wallet, or TronLink, sign, and create an MEXC account with a unique on-chain identity in just 3 seconds—no email or phone required.
    • Unified CEX-DEX Experience: Link an external wallet to manage CEX and DEX assets effortlessly. Move wallet assets to CEX for trading with one click, with trading tiers and VIP benefits syncing seamlessly across platforms.
    • Effortless Multi-Chain Trading: Support for SOL, BSC, Base, Tron, and more empowers users to capitalize on market opportunities across blockchains anytime, anywhere.

    Robust Security: Protecting Your Assets

    In the Web3 era, protecting users’ assets is critical. MEXC DEX+ delivers ironclad security through advanced, multi-layered defenses, ensuring users’ funds are safe and providing true peace of mind with a “wallet as identity” experience:

    • Three-Factor Security: Withdrawals require bot detection, two-factor authentication (via SMS, email, or Google Authenticator, choose two), and an on-chain signature for bulletproof account security.
    • Full Private Key Control: Users retain full control of their private keys, guaranteeing decentralized protection and complete account sovereignty.

    MEXC DEX+’s external wallet connection feature opens a decentralized trading gateway for all users including crypto novices or seasoned traders. It seamlessly integrates centralized exchange (CEX) liquidity with decentralized exchange (DEX) flexibility, enabling efficient Web3 trading with enhanced account security and control.

    “This upgrade strengthens MEXC’s commitment to Web3,” said Tracy Jin, COO of MEXC. “By connecting CEX and DEX, we are fostering a secure, user-friendly trading environment to support the global growth of decentralized finance.”

    Start trading today. Visit MEXC DEX+ to link your MetaMask, Trust Wallet, or other supported wallets.

    Reminder: Always connect your wallet through MEXC’s official channels and never share your seed phrase or private key.

    About MEXC

    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 36 million users across 170+ countries and regions, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    For more information, visit: MEXC Website｜X｜Telegram｜How to Sign Up on MEXC
    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df3f59f6-e809-44c6-9d85-ed6dcee42d2c

    The MIL Network –

  • MIL-OSI: Global Web3 Giants Bitget and Avalanche Join Forces to Boost Web3 Ecosystem in India

    Source: GlobeNewswire (MIL-OSI)

    NEW DELHI, April 28, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading crypto exchange and web3 company announced a strategic collaboration with Avalanche®, the fastest and most reliable smart contracts platform in the world. Bitget and Avalanche are leaders in the field of digital asset trading and blockchain technology respectively and the partnership is aimed at leveraging the combined strength of both global brands to enable grassroots adoption of web3 technology.

    Avalanche is investing aggressively in the Indian region, working closely with more government agencies on welfare projects and rolling out a mini grants program to encourage builders of all stages to build on their platforms. Bitget’s Blockchain4youth program has pledged $10 million over 5 years offering scholarships, workshops and hackathons to the web3 community in India and across the globe. Bitget’s Blockchain4Her initiative is aimed at supporting women-led web3 projects in India and across the globe.

    The first leg of the program kicked off with the ‘HODL ON’ tour which conducted their first 2 meetup events in Delhi & Bangalore with the mutual agenda to boost education & knowledge about blockchain & cryptocurrencies in the region.

    Commenting on the development, Devika Mittal, Regional Head at Ava Labs, said India has a very robust web3 community. Our goal with events is to provide a space to any web3 enthusiast – whether in Delhi or Varanasi or anywhere else – to connect and build. She emphasized that in 2025 down the year lots of L1s are launching on avalanche & promising very strong activity from builders across the board is expected.

    Commenting on the development Jyotsna Hridyani, South Asia Head at Bitget, said “Empowering users with the right knowledge is essential to unlocking the full potential of blockchain in India’s digital future. At Bitget, we’re committed to bridging this gap through community programs, partnerships with universities, and accessible learning tools.”

    The goal of the partnership is to widen the reach for awareness across cities in India via more such events & workshops to educate the youth on the potential benefits & applications of blockchain technology. Bitget and Avalanche both have committed to partner for more such initiatives & investments for the rest of 2025.

    Global companies like Bitget and Avalanche are betting big on India as it is the world’s top nation in terms of crypto adoption and the second-largest market for web3 developers. India’s tech talent is capable of delivering world class web3 applications if supported by timely grants, experienced mentorship and global exposure. India is home to more than 1000 web3 startups and Bitget’s mission is to double this number in 2025 through dedicated funding and mentorship channels. The ‘HODL ON’ tour offers a unique platform for web3 startups in India to showcase their work and secure funding to succeed in their respective field.

    Commenting on the success of Delhi and Bangalore chapter Akshay Aggarwal, Co-founder & Leading Contributor, Blockchained India, added, “India, with its scale and digital depth, has a unique opportunity to shape how Web3 delivers real value — especially across consumer and enterprise applications. At Blockchained India, we’ve always believed that relevance is earned through consistent action — not noise. This is an inflection point. Let’s continue building with those who see long-term value and are committed to shaping what Web3 can truly become for the masses.”

    About Bitget

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

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

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    About Avalanche
    Avalanche® is the fastest, most reliable smart contracts platform in the world. Its revolutionary consensus protocol and novel L1s enable Web3 developers to easily launch highly-scalable solutions. Deploy on the EVM, or use your own custom VM. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs. Avalanche® is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche uses Proof-of-Stake, which allows tens of thousands of validators to have a first-hand say in the system while consuming minimal energy. For more information, visit https://www.avax.network/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/36d45783-de7b-416e-90f7-362c8ccc1c3f

    The MIL Network –

  • MIL-OSI United Kingdom: Change of British High Commissioner to Malta: Victoria Busby

    Source: United Kingdom – Executive Government & Departments

    Press release

    Change of British High Commissioner to Malta: Victoria Busby

    Mrs Victoria Busby OBE has been appointed British High Commissioner to the Republic of Malta.

    Mrs Victoria Busby OBE

    Mrs Victoria Busby OBE has been appointed British High Commissioner to the Republic of Malta in succession to Ms Katherine Ward LVO OBE who will be transferring to another Diplomatic Service appointment. Mrs Busby will take up her appointment during September 2025.

    Curriculum vitae

    Full name: Victoria Alice Markland Busby

    Year Role
    2020 to present FCDO, Director of Protocol and Vice-Marshal of the Diplomatic Corps
    2019 to 2020 Cabinet Office, Chief Operating Officer, COP26
    2012 to 2019 No10, Deputy Director, Events and Visits
    2010 to 2012 DCMS, Head of Communication, Government Olympic Executive
    2009 to 2010 Home Office, Senior Communications Manager, Office for Security and Counter-Terrorism
    2008 to 2009 Ministry of Defence, Senior PR Manager
    2006 to 2008 Department for Work and Pensions, Marketing Manager
    2006 Joined Civil Service
    2005 to 2006 Head London (communications consultancy), Account Manager
    2003 to 2005 Christie’s (auction house), Proposals Writer

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

    Updates to this page

    Published 28 April 2025

    MIL OSI United Kingdom –