NewzIntel.com

Category: Tourism

  • MIL-OSI USA: Ernst Calls on Senate to Make DOGE Cuts Permanent

    US Senate News:

    Source: United States Senator Joni Ernst (R-IA)

    WASHINGTON – After exposing sweeping abuses at the U.S. Agency for International Development (USAID), U.S. Senator Joni Ernst (R-Iowa) spoke on the Senate floor to urge her colleagues to pass President Trump’s rescissions bill to save taxpayer dollars and make Washington squeal.
    From funding fashion week to pickle makers, Ernst cited multiple wasteful USAID projects and taxpayer-subsidized partisan propaganda at National Public Radio (NPR) and Public Broadcasting Service (PBS) that she has uncovered.
    After being stonewalled, Ernst has been leading the fight to combat waste at USAID and sent Secretary of State Marco Rubio a letter detailing her experience with the rogue agency as it misled, lied, and deceived the American people about how their tax dollars are spent. She has continued her work exposing jaw-dropping waste at USAID.
    Last month, Ernst demanded transparency from the Corporation for Public Broadcasting (CPB) over a $1.9 million grant it provided NPR last year.

    Watch Senator Ernst’s full remarks here.
    Ernst’s full remarks:
    “All Americans can take great pride in our nation’s generosity that has saved millions of people around the world from starvation and disease.
    “And, our government agencies coordinating aid efforts should be eager to share details about how their use of taxpayer money makes the world a better place.
    “Yet, over the past decade, USAID repeatedly rebuffed my requests for information, using intimidation and shell games to hide where money is going, how it’s being spent, and why.
    “As a result of my oversight, I learned that the U.S. Agency for International Development, or USAID, is a rogue bureaucracy, operating with little accountability and even, sometimes, at odds with our nation’s best interests.
    “What warranted such secrecy and stonewalling?
    “Here’s just some of USAID’s questionable spending that I uncovered:
    “Money intended to alleviate economic distress in war-torn Ukraine was spent:
    “Sending models and designers on junkets to New York City and Fashion Weeks in Paris and London, at a cost of more than $203,000;
    “$148,000 went to a pickle maker;
    “A dog collar manufacturer fetched $300,000; and
    “A custom carpet manufacturer collected $2 million.
    “Elsewhere, $20 million was awarded to Sesame Workshop, which produces Sesame Street, to create content for Iraq;
    “$2 million went toward promoting tourism to Lebanon, a nation that our very own State Department warns against traveling to due to the risks of terrorism and kidnapping.
    “Yes, folks, $2 million for tourism to Lebanon when we are saying, don’t travel there.
    “$67,000 was spent to feed edible insects to children in Madagascar.
    “Over $800,000 was sent to China’s notorious Wuhan Institute of Virology to collect coronaviruses.
    “What exactly was our international development agency developing at China’s Wuhan Institute of Virology?
    “Well, if the CIA, FBI, and other experts are correct that the COVID virus likely originated from a lab leak, USAID may have had a hand in a once-in-a-century pandemic that claimed the lives of millions.
    “There’s no shortage of other questionable USAID projects, but President Trump is putting an end to this deep state operation.
    “The foreign assistance programs that do advance American interests are now being administered under the watchful eye of Secretary Marco Rubio.
    “This includes projects previously supported by USAID that were caring for orphans and people living with HIV.
    “Imagine how much more good work like this could be done with the dollars that instead financed fashion shows, supported Sesame Street programs in Iraq, or ended up in China’s Wuhan Institute.
    “Overseas projects without merit are being ended and the tax dollars that were paying for them will be refunded if the Senate passes the rescissions bill.
    “It also cancels taxpayer subsidies to public broadcasting.
    “Too often, these programs are partisan propaganda.
    “You don’t have to take my word for it.
    “A National Public Radio senior editor recently confessed ‘It’s true NPR has always had a liberal bent.’
    “He admits the organization has ZERO Republicans in editorial positions.
    “Come on folks, even CNN has Scott Jennings to roast the looney liberal lunatics on that failing network.
    “NPR and PBS have a right to say whatever the heck they want, but they don’t have a right to force hardworking Americans to pay for their political propaganda being masked as a public service.
    “Defunding this nonsense is causing a lot of squealing from the big spenders around here.
    “Washington insiders are more upset at this effort to stop wasteful spending than at the misuse of taxpayer dollars.
    “In fact, saving tax money is such a crazy concept in Washington that Democrats are threatening to shut down the entire government if this bill passes.
    “It says a lot about the other side’s priorities when they’re willing to take hostage funding for veterans and senior citizens to prevent $9 billion in unnecessary waste, fraud, and abuse from being trimmed from our $7 trillion annual budget.
    “The interest that we are paying on our debt alone is costing nearly $3 billion every single day.
    “If we are ever going to get serious about our debt crisis, Congress needs to pass a rescissions bill like this every single week.
    “Folks, the simple truth is if you can’t find waste in Washington, it’s because you simply are not looking.
    “With our national debt now exceeding $37 trillion, the real question we should be asking isn’t ‘why is government spending now being scrutinized?,’ but rather, ‘why did it take so long?’”

    MIL OSI USA News –

  • MIL-OSI China: Macao’s historic center marks 20 years as living world heritage

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

    China’s Macao Special Administrative Region (SAR) on Tuesday began a series of activities to mark the 20th anniversary of the Historic Center of Macao being inscribed as a UNESCO World Heritage Site.

    Designated on July 15, 2005, at the 29th session of the World Heritage Committee held in Durban, South Africa, the district embodies over four centuries of maritime history and cultural fusion.

    CHRONICLE OF CULTURAL BLEND

    From the Guia Fortress to the A-Ma Temple, the Historic Center of Macao spans 22 landmarks and eight plazas — an enduring tapestry of East-West exchange.

    The Ruins of St. Paul’s vividly represent the heart of the legacy. Erected in the early 1600s, the monument resembles a traditional Chinese “Paifang” while bearing Western motifs.

    “You can see the blend of East and West,” said Ung Vai Meng, guest professor at the Macao University of Science and Technology. “The way grey bricks are embedded in rammed earth walls reflects Chinese craftsmanship merged with European structural ideas,” he told Xinhua.

    The Ruins of St. Paul’s was originally part of St. Paul’s College, which at that time drew inspiration from European universities and trained scholars to carry the Chinese language and philosophy to Europe, while introducing Western science and culture to China.

    “It was a two-way bridge of enlightenment,” noted Wu Zhiliang, president of the Macao Federation of Cultural Circles. Their influence went beyond theology — it reached education and cultural identity, he added.

    Another pillar of the historic center is the former residence of Qing Dynasty reformist Zheng Guanying, known as the Mandarin’s House. Nestled in the southwest of the old town, it remains Macao’s largest traditional residential compound. “Here, we feel Lingnan culture firsthand,” Ung said. “Oyster-shell windows speak to southern Chinese traditions, while Western columns and decorative carvings hint at global influence.”

    Within those walls, Zheng penned Words of Warning in Times of Prosperity, an urgent call for political and economic reform at that time. “He shifted from a traditional gentry to an advocate of modernization at this place,” Wu said, noting that “his thinking profoundly influenced a generation.”

    REVITALIZING HISTORIC TREASURE

    Built in the 1800s and opened to the public in 1958, the Sir Robert Ho Tung Library houses over 20,000 classical volumes. Towering ancient trees and the rockery fountain complement each other, cloaking this historic building in a veil of nature. Tang Mei Lin, chief of the department of public library management, Macao SAR government’s cultural affairs bureau (IC), told Xinhua that the library is not only a place for reading and studying, but also a popular spot where many locals come to unwind.

    “We offer unique activities, such as a one-day librarian experience and hands-on workshops in ancient book restoration,” Tang said, noting that it’s a great example of successful revitalization.

    In 2022, the Macao World Heritage Monitoring Center was established, equipping the city with over 170 environmental sensors. “Our teams can conduct real-time checks using mobile apps and analyze data through a centralized platform,” said Ho Cheok Fong, an official of the department of cultural heritage under the IC.

    Revitalization has become a hallmark of Macao’s heritage approach. Events like the 2025 Macao International Parade in March — launched from the Ruins of St. Paul’s — transformed the old streets into vibrant stages. With performers from 15 countries and regions joining local troupes, the event animated cultural dialogues.

    “The parade is more than a spectacle,” said Leong Wai Man, head of the IC, adding that “it creates real connections between local, national, and global cultures.”

    “It’s nice to see a city keeping its old culture and old buildings alive,” Dale Page, a tourist from the United Kingdom, told Xinhua at the Mandarin’s House. Another visitor from the Chinese mainland, Xiao Hui, reflected: “This architectural legacy isn’t just Macao’s treasure but a gift to world heritage.”

    Data showed that as of 11 a.m. on July 8, the number of visitor arrivals in Macao this year has surpassed 20 million — 26 days earlier than last year. The Macao SAR government’s tourism office said that with the summer holiday underway, a variety of events and performances will be held to attract more visitors.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Leading Mainland sports drinks brand uses Hong Kong as regional headquarters to go global (with photos)

    Source: Hong Kong Government special administrative region

    Invest Hong Kong (InvestHK) announced today (July 16) that a renowned Mainland sports drinks brand, Jianlibao, has chosen Hong Kong as its regional headquarters, leveraging the city’s role as an international business hub and a gateway to overseas markets to expand globally.

    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau welcomed Jianlibao’s decision. He said, “We are happy to see that Jianlibao has established its regional headquarters in Hong Kong. It not only highlights the city’s unique advantages as a global business hub but also reinforces our position as a preferred destination for Mainland enterprises looking to expand internationally. Hong Kong has a sound legal system, world-class infrastructure and a vibrant business environment, which are conducive to Jianlibao’s strategy of expanding its global business.”

    Jianlibao has been actively expanding its business in Hong Kong since its establishment in the city in 2024. The company has recently installed over 50 vending machines across various districts, including Central, Tai Po, and Hung Hom, making its healthy beverages easily accessible to visiting tourists, local families, and transit passengers. The company also supports local sports initiatives by sponsoring local sports team and events.

    The Vice Chairman of Jianlibao Group, Mr Yeung Wan-chung, said the decision to set up its regional headquarters in Hong Kong is a strategic move by the company to expand its global footprint. He said, “We chose Hong Kong as our regional headquarters because of its unparalleled access to international markets and its reputation as a global financial and logistics hub.”

    The Director of Jianlibao Asia, Mr Larry Yeung, explained, “Hong Kong’s strategic location, coupled with its dynamic business environment, provides us with an ideal platform to accelerate our global expansion. We are confident that this move will enable us to reach new markets and strengthen our brand presence worldwide.”

    He added, “We plan to launch a new product series in Hong Kong to increase our exposure in the market. We are now actively preparing to enter the Southeast Asian market, with Indonesia, Malaysia and Vietnam as the first stops, and to expand our business to Australia, Canada and the United States to enhance our market presence.”

    For more information about Jianlibao, please visit www.jianlibao.com.cn.

    For a copy of the photos, please visit: www.flickr.com/photos/investhk/albums/72177720327571249.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China ready to deepen, expand bilateral cooperation with Australia: Chinese premier

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

    Chinese Premier Li Qiang and Australian Prime Minister Anthony Albanese, who is on an official visit to China, hold the 10th China-Australia Annual Leaders’ Meeting at the Great Hall of the People in Beijing, capital of China, July 15, 2025. [Photo/Xinhua]

    Chinese Premier Li Qiang on Tuesday said that China is ready to work with Australia to further deepen and expand bilateral cooperation, aiming for a higher level of mutual benefit that better serves the interests of both peoples.

    Li made the remarks during the 10th China-Australia Annual Leaders’ Meeting with Australian Prime Minister Anthony Albanese in Beijing.

    All countries are facing new challenges in their development amid rising instability and uncertainty in the global economy, Li said, adding that in this context, the significance of strengthening exchanges and cooperation between China and Australia, as major economic and trade partners, has become more prominent.

    Li noted that earlier in the day, Chinese President Xi Jinping met with Prime Minister Albanese and reached an important consensus on further deepening China-Australia relations.

    Li said that the Chinese and Australian economies are highly complementary, with broad space for cooperation in areas such as energy resources, agricultural products, green development, and technological innovation.

    China is willing to fully utilize various dialogue mechanisms with the Australian side and strengthen the planning and design for cooperation across different sectors to explore more shared interests and new drivers of economic growth, and ultimately unlock the vast potential of bilateral economic and trade cooperation, Li added.

    It is hoped that Australia will provide a fair, open and non-discriminatory business environment for Chinese enterprises operating in Australia, Li said, adding that China is keen to provide vigorous support for exchanges in culture, education, tourism and regional collaboration, and further facilitate personnel exchanges between the two sides.

    Li said that China and Australia, as both advocates and beneficiaries of multilateralism and free trade, are active promoters of cooperation in the Asia-Pacific region. He urged the two sides to strengthen communication and collaboration within multilateral frameworks, maintain the rules-based multilateral trading system, and work together to foster a conducive environment for international economic and trade cooperation.

    Noting that Australia-China relations are currently developing with positive momentum, Albanese said the Australian side attaches great importance to and is committed to building a stable and constructive bilateral relationship with China. Australia adheres to the one-China policy and opposes “Taiwan independence,” he added.

    Albanese said Australia is willing to strengthen high-level exchanges and dialogue with China in various fields, including diplomacy and trade, and ensure that differences do not define the bilateral relationship.

    Noting that the economies of Australia and China are highly complementary, Albanese said Australia looks forward to deepening mutually beneficial cooperation in areas such as trade, agriculture, tourism and culture, and enhancing people-to-people exchanges in education, civil society and youth sectors.

    Australia is willing to provide a stable and predictable environment for Chinese enterprises to invest and operate in Australia, and welcomes more Chinese students and tourists to visit the country, he added.

    Albanese said Australia firmly supports multilateralism and free and fair trade, is willing to work with China to address global challenges such as climate change, and jointly safeguard the multilateral trading system with the World Trade Organization at its core. 

    MIL OSI China News –

  • MIL-OSI United Kingdom: Defra Secretary of State at Water UK Reception

    Source: United Kingdom – Executive Government & Departments 2

    Speech

    Defra Secretary of State at Water UK Reception

    Secretary of State for Environment, Food, and Rural Affairs delivered a speech at the UK Water Reception hosted at the Queen Elizabeth II Centre

    This is a moment for Government and industry to join together to unlock the potential of our water sector and grow our economy in every region of this country.

    We need water for economic growth.

    Communities can’t function without it. Water is essential for every household and business across the country. We need it to grow the food that feeds our families. To build 1.5 million new homes, hospitals, schools and roads. To cool power stations that supply our electricity and the data centres to run our IT systems. 

    Water flows through our breathtaking countryside, boosting our tourism and leisure industries.

    The public were not aware at the time of the last general election, this country was facing water rationing within ten years.  There was not enough water to meet the growing demands of our population. As David just said, no new reservoirs had been built in 30 years.

    Water infrastructure was outdated and crumbling. Leaking pipes wasted valuable water supplies. Record levels of sewage polluted our waterways.

    [Political section removed]

    In just one year, we’ve introduced tough new measures to clean up our rivers, lakes and seas. Including ringfencing customers’ money so it can only be spent on what it was intended for: upgrading and improving water infrastructure.

    Our Water Special Measures Bill became law in February, giving the regulators new powers to hold water companies to account.

     And Sir Jon Cunliffe, the former Deputy Governor of the Bank of England, will soon complete the biggest review of the water sector in a generation to ensure we have a robust regulatory framework to clean up our waterways, build the infrastructure we need for a reliable water supply, and restore public confidence in this vital economic sector.

    He will publish his full findings next week, and the Government response will follow quickly afterwards.

    This strong action has laid the groundwork for the sector to move forward.

    Today is the start of a new partnership between the water sector and government.

    Turning the page on the past to begin a new chapter of growth and opportunity.

    The water sector is a priority for economic growth.

    We’ve worked together and secured £104 billion pounds of private sector investment in the water sector over the next five years.

    That’s the biggest private sector investment into our water sector in its entire history, and the second biggest investment in any part of the economy over the lifetime of this parliament – and getting this investment right matters.

    It will build and upgrade infrastructure in every region of the country – cutting sewage in half by 2030 and cleaning up our rivers, lakes and seas.

    So, parents don’t have to worry about letting their children splash about in the water. So, we can experience the majesty of national treasures like Lake Windermere. Or enjoy a moment of calm by going for a swim in nature.

    It will fund nine new reservoirs and nine large-scale water transfer schemes, and reduce leaks from water pipes.

    So families – like those in Guildford –   don’t have to rely on bottled water when their water supply is disrupted. So businesses don’t lose profits when they’re forced to shut because the taps have run dry. So farmers can keep growing food in the face of increasingly unstable and unpredictable weather patterns.

    This vast investment will fuel economic growth.

    Over the next 5 years, it will create 30 thousand good, well-paid jobs in every corner of the country.

    Jobs that are rooted in the communities they serve.

    Money to upgrade roads, schools and hospitals. Encouraging businesses to invest in the area. Attracting more visitors to support rural tourism.

    This investment will make sure we can build 1.5 million homes this Parliament, construct major infrastructure projects to support the green energy transition, and power new industries such as data centres that can unlock the UK’s AI potential.

    This is what we mean when we talk about the Government’s Plan for Change.

    We must work together to make sure that £104 billion is spent in the best way to secure the improvements we want to see, and in the timescales we want to see them.

    Earlier this year, my colleague the Water Minister Emma Hardy and I toured the country to see how this investment will be spent.

    Around Cambridge, one of the UK’s fastest growing economies, investment in water infrastructure will support 4500 new homes, community facilities such as schools and leisure centres, and office and laboratory space in the city centre.

    On the River Avon, Wessex Water are investing £35 million pounds to expand the Saltford Water Recycling Plant, increasing their wastewater treatment capacity by 40% to meet rising demand, and creating local jobs near Bath.

    And in Hampshire, work’s begun on the Havant Thicket Reservoir, the first reservoir to be built in the South East since the 1970s and when it’s full, this will supply water to around 160,000 people and, during construction, it will generate more than £10 million a year to the South East economy,  with construction jobs and apprenticeships.

    We need to get spades in the ground in every region.

    I’ve set up a Water Delivery Taskforce to bring together Government, regulators, and water industry representatives, to ensure water companies complete their planned investments on time and on budget – providing value for money for customers.    

    The Taskforce will make sure we have the water, wastewater and drainage needed for the new developments and infrastructure that will drive long-term economic growth.

    Energy and Utility Skills estimate 43,000 people will be needed to take up jobs in the water industry over the next five years.

    That’s good, skilled, well paid jobs such as bioresources technicians, hydraulics specialists, engineers, construction workers, and surveyors.

    It’s imperative we have the skilled workforce in place.

    Because without it, all this investment will not be possible.

    That’s why we’re here today. To work together to ensure the industry and supply chain have the capacity to meet our shared ambitions for a successful, growing water sector underpinning a successful, growing economy.

    This demands a whole Government approach.

    Torsten Bell, the Minister for Pensions, and Baroness Jacqui Smith, Minister for Skills, will both be here today, will give more details on how we plan to do this via our employment and skills programmes.

    And I’m delighted that later today I’ll sign our ‘Water Skills Pledge’ with Alison McGovern, the Minister for Employment – affirming our commitment to ensuring the water sector has the skills and workforce it needs to succeed.

    We will work together to show people that a career in the water industry and its supply chain is something they can be proud of for a lifetime.

    Something that gives you new skills, exciting challenges and can set you up for life – wherever in this country you live.

    These are jobs that make a difference. Making sure people have a reliable, clean water supply, protecting our food security, cleaning up our waterways – and stimulating economic growth in every part of the country to raise living standards and wages and improve people’s lives.

    This is a fresh start, a moment to build new partnerships and set the direction for the water sector of the future.

    We are working together to bring about the change that people in this country voted for last year. It’s an exciting time for the water industry, and I’m proud to stand alongside you as we chart the journey forwards to success.

    Thank you.

    Updates to this page

    Published 15 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Defra Secretary of State at UK Water Reception

    Source: United Kingdom – Executive Government & Departments

    Speech

    Defra Secretary of State at UK Water Reception

    Secretary of State for Environment, Food, and Rural Affairs delivered a speech at the UK Water Reception hosted at the Queen Elizabeth II Centre

    This is a moment for Government and industry to join together to unlock the potential of our water sector and grow our economy in every region of this country.

    We need water for economic growth.

    Communities can’t function without it. Water is essential for every household and business across the country. We need it to grow the food that feeds our families. To build 1.5 million new homes, hospitals, schools and roads. To cool power stations that supply our electricity and the data centres to run our IT systems. 

    Water flows through our breathtaking countryside, boosting our tourism and leisure industries.

    The public were not aware at the time of the last general election, this country was facing water rationing within ten years.  There was not enough water to meet the growing demands of our population. As David just said, no new reservoirs had been built in 30 years.

    Water infrastructure was outdated and crumbling. Leaking pipes wasted valuable water supplies. Record levels of sewage polluted our waterways.

    [Political section removed]

    In just one year, we’ve introduced tough new measures to clean up our rivers, lakes and seas. Including ringfencing customers’ money so it can only be spent on what it was intended for: upgrading and improving water infrastructure.

    Our Water Special Measures Bill became law in February, giving the regulators new powers to hold water companies to account.

     And Sir Jon Cunliffe, the former Deputy Governor of the Bank of England, will soon complete the biggest review of the water sector in a generation to ensure we have a robust regulatory framework to clean up our waterways, build the infrastructure we need for a reliable water supply, and restore public confidence in this vital economic sector.

    He will publish his full findings next week, and the Government response will follow quickly afterwards.

    This strong action has laid the groundwork for the sector to move forward.

    Today is the start of a new partnership between the water sector and government.

    Turning the page on the past to begin a new chapter of growth and opportunity.

    The water sector is a priority for economic growth.

    We’ve worked together and secured £104 billion pounds of private sector investment in the water sector over the next five years.

    That’s the biggest private sector investment into our water sector in its entire history, and the second biggest investment in any part of the economy over the lifetime of this parliament – and getting this investment right matters.

    It will build and upgrade infrastructure in every region of the country – cutting sewage in half by 2030 and cleaning up our rivers, lakes and seas.

    So, parents don’t have to worry about letting their children splash about in the water. So, we can experience the majesty of national treasures like Lake Windermere. Or enjoy a moment of calm by going for a swim in nature.

    It will fund nine new reservoirs and nine large-scale water transfer schemes, and reduce leaks from water pipes.

    So families – like those in Guildford –   don’t have to rely on bottled water when their water supply is disrupted. So businesses don’t lose profits when they’re forced to shut because the taps have run dry. So farmers can keep growing food in the face of increasingly unstable and unpredictable weather patterns.

    This vast investment will fuel economic growth.

    Over the next 5 years, it will create 30 thousand good, well-paid jobs in every corner of the country.

    Jobs that are rooted in the communities they serve.

    Money to upgrade roads, schools and hospitals. Encouraging businesses to invest in the area. Attracting more visitors to support rural tourism.

    This investment will make sure we can build 1.5 million homes this Parliament, construct major infrastructure projects to support the green energy transition, and power new industries such as data centres that can unlock the UK’s AI potential.

    This is what we mean when we talk about the Government’s Plan for Change.

    We must work together to make sure that £104 billion is spent in the best way to secure the improvements we want to see, and in the timescales we want to see them.

    Earlier this year, my colleague the Water Minister Emma Hardy and I toured the country to see how this investment will be spent.

    Around Cambridge, one of the UK’s fastest growing economies, investment in water infrastructure will support 4500 new homes, community facilities such as schools and leisure centres, and office and laboratory space in the city centre.

    On the River Avon, Wessex Water are investing £35 million pounds to expand the Saltford Water Recycling Plant, increasing their wastewater treatment capacity by 40% to meet rising demand, and creating local jobs near Bath.

    And in Hampshire, work’s begun on the Havant Thicket Reservoir, the first reservoir to be built in the South East since the 1970s and when it’s full, this will supply water to around 160,000 people and, during construction, it will generate more than £10 million a year to the South East economy,  with construction jobs and apprenticeships.

    We need to get spades in the ground in every region.

    I’ve set up a Water Delivery Taskforce to bring together Government, regulators, and water industry representatives, to ensure water companies complete their planned investments on time and on budget – providing value for money for customers.    

    The Taskforce will make sure we have the water, wastewater and drainage needed for the new developments and infrastructure that will drive long-term economic growth.

    Energy and Utility Skills estimate 43,000 people will be needed to take up jobs in the water industry over the next five years.

    That’s good, skilled, well paid jobs such as bioresources technicians, hydraulics specialists, engineers, construction workers, and surveyors.

    It’s imperative we have the skilled workforce in place.

    Because without it, all this investment will not be possible.

    That’s why we’re here today. To work together to ensure the industry and supply chain have the capacity to meet our shared ambitions for a successful, growing water sector underpinning a successful, growing economy.

    This demands a whole Government approach.

    Torsten Bell, the Minister for Pensions, and Baroness Jacqui Smith, Minister for Skills, will both be here today, will give more details on how we plan to do this via our employment and skills programmes.

    And I’m delighted that later today I’ll sign our ‘Water Skills Pledge’ with Alison McGovern, the Minister for Employment – affirming our commitment to ensuring the water sector has the skills and workforce it needs to succeed.

    We will work together to show people that a career in the water industry and its supply chain is something they can be proud of for a lifetime.

    Something that gives you new skills, exciting challenges and can set you up for life – wherever in this country you live.

    These are jobs that make a difference. Making sure people have a reliable, clean water supply, protecting our food security, cleaning up our waterways – and stimulating economic growth in every part of the country to raise living standards and wages and improve people’s lives.

    This is a fresh start, a moment to build new partnerships and set the direction for the water sector of the future.

    We are working together to bring about the change that people in this country voted for last year. It’s an exciting time for the water industry, and I’m proud to stand alongside you as we chart the journey forwards to success.

    Thank you.

    Updates to this page

    Published 15 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Sierra Leone’s President Julius Maada Bio Hosts Economic Community of West African States (ECOWAS) Bank Delegation, Commits to Strengthen Regional Investment Collaboration

    Source: APO


    .

    The President of the ECOWAS Bank for Investment and Development (EBID), Dr George Agyekum Donkor, has paid a courtesy visit on His Excellency, President Dr Julius Maada Bio at his state house office, where he noted that “Your Excellency, all macroeconomic indicators have been doing well. A sign that your government is doing well. Congratulations.”

    The ECOWAS Bank for Investment and Development is the leading regional investment and development bank, owned by the fifteen-member states of the Economic Community of West African States (ECOWAS).

    Introducing the delegation to the President, the Chief Minister, Dr David Moinina Sengeh, revealed that the team is in the country based on an initial engagement the bank president had with President Bio, where an open invitation was extended for his visit to Sierra Leone.

    In his address, the Bank President congratulated President Bio on his recent appointment as chairperson of the ECOWAS Authority. “Your Excellency, I want to thank you for the warm hospitality my team and I received in Sierra Leone. I also want to formally congratulate you on your position in the high office at ECOWAS.” He said.

    “Your appointment is an endorsement of your leadership to deliver and the quality you have to lead the region at a time like this, when it is volatile. But we are sure that you are going to deliver,” he assured. He confirmed the Bank’s commitment and full support towards ensuring that President Bio succeeds during his tenure at ECOWAS.

    Dr Donkor revealed that since they arrived in the country, they have met with key ministers of government and have already started conversations on key areas, including roads, tourism, infrastructure, and education, among others, noting that during their stay in the country, they will also be engaging key sector ministers for tangible investment areas.

    The bank president pleaded with President Bio in his capacity as Chairman of the Authority of ECOWAS Heads of State and Governance to assist the bank in ensuring it maintains its status as a non-political entity in the sub-region. This, according to the Bank, will help it develop and expand its reach, hence position itself to undertake more development projects in the sub-region.

    While welcoming the Bank President and team to Freetown, President Julius Maada Bio thanked the Bank President for fulfilling his promise made during their engagement on the margins the ECOWAS Summit, where he personally requested the visit in order for the bank to deepen its ties with Sierra Leone.

    The President expressed hope that during their visit, the bank will be able to engage several sectors, so it will identify outstanding issues that are within its scope. The President expressed his concern about regional economic integration for Sierra Leone and other countries in a wide range of areas because, according to him, “West Africa has great potential, which we want to not only develop but also tap into for our future.”

    The President reaffirmed Sierra Leone’s commitment to deepening its relationship with the bank, revealing that the University of Kono is one of the top priorities on his agenda, and needs to be addressed as quickly as possible. In terms of roads, President Bio said his government doesn’t want to lead on mere physical infrastructure but rather, “We want to look at both physical and digital infrastructure, as well as that of our ecotourism,” he disclosed.

    Distributed by APO Group on behalf of State House Sierra Leone.

    MIL OSI Africa –

  • MIL-OSI Russia: Dmitry Chernyshenko: The Republic of Abkhazia has joined the Student Tourism program.

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Student tourism has become one of the topics sounded at a meeting with Russian President Vladimir Putin on July 10, 2025.

    This season, a new international direction has been added to the Student Tourism program – now students, young scientists, postgraduates and residents studying in Russia will be able to choose the Republic of Abkhazia for their trip.

    “The Student Tourism program is growing: 260 universities from 85 regions of Russia have joined it in four years. Participants travel not only around our country, but also abroad. Young people can travel to Armenia, Belarus, Uzbekistan, Kyrgyzstan, China, and now also to Abkhazia. In turn, more than 1,000 foreign students will visit Russian regions to get acquainted with the domestic education system and scientific agenda. Such trips contribute to strengthening cooperation between our countries and increasing the number of foreign students, as President Vladimir Putin instructed us to do,” said Deputy Prime Minister Dmitry Chernyshenko.

    The youth and student tourism program (Student Tourism) was launched on the initiative of Russian President Vladimir Putin. It allows university students aged 18 to 35 to travel, staying in the dormitories of partner universities. Thus, the program assumes the effective use of infrastructure, when the dormitories, which can be vacated during the summer holidays, are occupied by students who come from other regions. The opportunity to communicate with peers is especially important here.

    The goal of the program is to create a single space for the cultural, personal, scientific and professional development of Russian youth, as well as familiarization with the domestic education system and science. You can apply for participation on the platform studturizm.rf.

    According to the head of the Ministry of Education and Science, Valery Falkov, the program contributes to the formation of a favorable educational environment and opens up new prospects for cultural and scientific exchange.

    “Today, participants of “Student Tourism” can travel to 117 cities in Russia, as well as choose travel destinations beyond its borders. The guys have access to more than 1.1 thousand scientific infrastructure facilities, special educational modules and popular science routes have been launched,” he added.

    The involvement of the Abkhaz State University (ASU) in the Student Tourism program started with an international blog tour in Sukhumi. It was organized in July by the Russian Ministry of Education and Science together with the International Youth Center of the Peoples’ Friendship University of Russia named after Patrice Lumumba. Presentations of educational opportunities, meetings with university representatives, master classes, and cultural and excursion events were held at ASU. Students and representatives of media centers of Russian universities took part in the blog tour.

    Head of the Student Tourism program Svetlana Nekhorosheva notes: “We at Student Tourism believe that students can easily, safely and affordably travel around Russia and the world. Abkhazia is an important partner in the development of youth exchanges and cultural dialogue. The accession of the Abkhaz State University opens up new prospects for students from both countries.”

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

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Londoners want an Assembly with more bite

    Source: Mayor of London

    66% of Londoners believe London Assembly powers should be
    strengthened or maintained if the office of the Mayor were given more devolved powers.

    In a YouGov survey commissioned by the GLA Oversight Committee as part of its investigation into London’s place in the Government’s proposed devolution reforms, Londoners answered questions about the powers of the Mayor of London and the cross-party London Assembly.

    When asked whether the London Assembly should get more or fewer powers if the office of the Mayor were to be given more devolved powers, a total of 66% of Londoners considered the Assembly’s position should be either maintained or increased – with 36% believing the London Assembly should get more powers and 30% thinking the role should stay the same. Only 5% think that the Assembly should have fewer powers.

    If the office of the Mayor of London were given more control over taxes raised in London, 41% of Londoners expressed support for the office of the Mayor of London to have control over a tourism levy (a potential tax on overnight stays or a surcharge on visitor attractions for overseas visitors).

    In terms of potential future devolved powers, regulating private rented accommodation (26%), NHS services (25%), and the criminal justice system and policing (25%) were three of the areas in which Londoners expressed strongest support for the office of the Mayor of London receiving more devolved powers, if they had to choose.

    Chair of the GLA Oversight Committee, Bassam Mahfouz AM, said:

    “As a world-leading global city, we’re looking at the question of devolution for London through the binoculars of how it compares to cities across the globe and how they exercise their powers.

    “This survey was our chance to hear directly from Londoners—and the message was clear. There’s considerable support for stronger powers, not just for the Office of Mayor, but also for the Assembly to hold them to account.

    “In addition to that, there was strong backing for some sort of tourism levy, just like other top destinations.

    “But most importantly, Londoners want to see the Office of the Mayor empowered to deliver on the issues that clearly matter to them, including regulation of the private rented sector and over the criminal justice system and policing.

    “All of this will feed into our report into how London’s powers could shape up over the next 25 years, which will be published once the investigation has been completed.”

    MIL OSI United Kingdom –

  • MIL-OSI USA: RELEASE: Mullin, Padilla, Curtis, Schiff Introduce Bipartisan Legislation to Support America’s Olympic and Paralympic Games

    US Senate News:

    Source: United States Senator MarkWayne Mullin (R-Oklahoma)

    RELEASE: Mullin, Padilla, Curtis, Schiff Introduce Bipartisan Legislation to Support America’s Olympic and Paralympic Games

    WASHINGTON, D.C. — U.S. Senators Markwayne Mullin (R-Okla.), Alex Padilla (D-Calif.), John Curtis (R-Utah), and Adam Schiff (D-Calif.) introduced bipartisan legislation to support and commemorate the 2028 and 2034 Olympic and Paralympic Games set to take place in Los Angeles, California and Salt Lake City, Utah, through the minting of new commemorative coins.

    Representatives Frank Lucas (R-Okla.-03), Brad Sherman (D-Calif.-32), Ken Calvert (R-Calif.-41), Sydney Kamlager-Dove (D-Calif.-37), and Blake Moore (R-Utah-01) introduced companion legislation in the House.

    The America’s Olympic and Paralympic Games Commemorative Coins Act would direct the Treasury Department to mint and issue four types of coins each in commemoration of the 2028 and 2034 Olympic and Paralympic Games. The coins would be minted at no cost to the federal government, and any proceeds collected from the sale of these commemorative coins would aid in the execution of the 2028 and 2034 Games as well as support their legacy programs, which include the promotion of youth sports in the United States.

    Oklahoma City, OK, will host two 2028 Olympic sports, softball and canoe slalom. Softball will be held at Devon Park, the largest softball stadium in the world, and canoe slalom at Riversport Rapids.

    “American athletes are the pinnacle of our exceptionalism and I am looking forward to them leading the way as we host both the 2028 Summer Olympic Games and the 2034 Winter Olympic Games. As Oklahoma’s world-class facilities will be home to multiple official venues, I am honored to join with my colleagues on this important legislation,” said Senator Mullin.

    “After years of careful preparation and federal collaboration, Los Angeles will be under the world spotlight for the Olympic and Paralympic Games before we know it,” said Senator Padilla. “Our bipartisan legislation will help ensure Los Angeles has the resources it needs to put on a world-class event — with a token to commemorate the Games for years to come. There is strong congressional interest in promoting and supporting all upcoming U.S.-hosted Olympic events to showcase our nation and our athletes on the global stage, and I look forward to working alongside my colleagues to advance this bill.”

    “The 2034 Olympic and Paralympic Winter Games will showcase Utah’s pioneer spirit, community strength, and commitment to excellence,” said Senator Curtis. “These commemorative coins honor not just the athletes, but the values that built our state and the legacy we’ll pass on to future generations.”

    “It is no small honor to host the Olympic Games, and no small feat to organize them either. That is why these commemorative coins would not only pay proper tribute to such a great honor, but also help pay for the preparations to ensure the upcoming Olympic games – including the 2028 games in my home state – receive the resources they need,” said Representative Lucas.

    “The dedication demonstrated by the American athletes who participate in the Olympic and Paralympic Games is truly inspiring and our nation is honored to host both the Los Angeles 2028 Summer Games and Salt Lake City 2034 Winter Games. That is why I am proud to join my colleagues in celebrating our athletes by introducing America’s Olympic and Paralympic Games Commemorative Coins Act. As a senior member of the House Financial Services Committee, which has jurisdiction over this legislation, I look forward to Congress moving quickly to advance this important bill. As an Angelino, I am excited to witness the Olympics return to Los Angeles after 44 years, and I am proud to join with my colleagues to honor the Salt Lake City 2034 Games as well,” said Representative Sherman.

    “The Olympic and Paralympic Games are incredible events that celebrate athletic achievement and the human spirit. I’m especially excited for the 2028 Olympic and Paralympic Games in Los Angeles, which will allow southern California residents to get an up-close look at these remarkable competitions as well as deliver a tremendous boost to our tourism economy. I want to thank all of my colleagues who have worked together to advance the bipartisan America’s Olympic and Paralympic Games Commemorative Coins Act,” said Representative Calvert.

    “As we gear up for the Los Angeles 2028 Olympic and Paralympic Games, I’m proud to co-lead the America’s Olympic and Paralympic Games Commemorative Coins Act,” said Representative Kamlager-Dove. “This commemorative coin will celebrate not only the upcoming games, but also nearly a century of Olympic history in Los Angeles. The 2028 Games in Los Angeles memorialized by this coin will be a feat all Angelenos and Americans can be proud of.”

    “I’m immensely proud to represent Utah in co-leading the America’s Olympic and Paralympic Games Commemorative Coins Act. The return of the Winter Olympic and Paralympic Games to Salt Lake City in 2034 will mark only the second time in history that the Winter Olympics have returned to the same city, and I cannot wait to see Utah front and center on the world stage once again,” said Representative Moore. “This bid was supported by over 80% of Utahns and will bring billions in GDP growth, tens of thousands of jobs, and showcase the world’s best athletes on the Greatest Snow on Earth. I’m also thrilled that the Summer Olympics will return stateside to Los Angeles in 2028 and look forward to this bill quickly passing through both houses of Congress.”

    “The 2028 Olympic and Paralympic Games will mark the historic return of the summer Games to America in more than 30 years,” said LA28 Chief Executive Officer Reynold Hoover. “The heart and dedication demonstrated by the athletes who participate in the Games is truly unparalleled. Los Angeles 2028, followed by Salt Lake 2034 will serve as an opportunity for American athletes to showcase their talent and resilience on the world’s stage. We’re grateful to Senators Padilla, Curtis, Schiff, and Mullin and Congressmembers Sherman, Lucas, Calvert, Kamlager-Dove and Moore for moving this bill forward to honor these athletes and our U.S. host cities for the 2028 and 2034 Games.”

    “As a four-time Olympian, I greatly appreciate the commemorative coin program as another means of showcasing our Olympic and Paralympic athletes,” said Catherine Raney Norman, Vice President Development and Athlete Relations, Salt Lake City-Utah 2034, A four-time Olympic speed skater. 

    Specifically, the America’s Olympic and Paralympic Games Commemorative Coins Act would direct the Treasury Department to mint and issue commemorative $5 gold coins, $1 silver coins, half-dollar clad coins, and proof silver $1 coins in commemoration of the 2028 Olympic and Paralympic Games set to be held in in Los Angeles and the 2034 Olympic and Paralympic Winter Games set to be held in Salt Lake City.

    The United States has hosted the modern Olympic Games nine times, with the 2028 Games set to become the third time Los Angeles will host the summer Olympic Games and the 2034 Games set to become the second time Salt Lake City will host the Olympic Winter Games.

    Full text of the bill is available here.

    MIL OSI USA News –

  • MIL-OSI Africa: Madagascar launches $7 million initiative to protect coasts from climate change

    Source: APO – Report:

    .

    Madagascar has officially launched a landmark initiative aimed at enhancing climate resilience by restoring critical coastal ecosystems and improving livelihoods across vulnerable regions. Nearly 100,000 people are expected to benefit directly across four key coastal regions—Boeny, Menabe, Diana, and Atsimo Atsinanana—where climate impacts are already threatening both livelihoods and biodiversity.

    The project, Scaling Up Ecosystem-Based Adaptation for Coastal Areas in Madagascar, will be executed by the Ministry of Environment and Sustainable Development with a USD 7.1 million grant from the Global Environment Facility and a cofinancing of USD 27 million. The UN Environment Programme (UNEP) assisted the government with developing the project and will act as the implementing agency, as a continuation of a long-standing partnership on resilience-building and strengthened environmental stewardship

    Madagascar’s coastal ecosystems—mangroves, coral reefs, and coastal forests—serve as natural buffers against rising seas, intensifying cyclones, and coastal erosion. Yet these ecosystems are under growing pressure from deforestation, overfishing, and a changing climate. Coastal zones support more than 75% of the local population by providing, for example, marine species for fisheries or valuable non-timber forest products.

    The new project aims to enhance the resilience of both ecosystems and communities through nature-based solutions, conventionally  referred to as ecosystem-based adaptation.

    In close coordination with the Regional Directorates for Environment and Sustainable Development (DREDD), the project will support integrated coastal zone management structures, enhance national and local adaptation coordination, and provide revised tools and plans to integrate EbA at the regional and municipal levels.

    The initiative will restore 3,000 hectares of mangroves and coastal forests and rehabilitate 2,000 hectares of degraded watersheds using community-based approaches. Over the course of the project, almost 100,000 people are expected to benefit directly from ecosystem-based adaptation interventions.

    It will also support the creation of 20 ecosystem-based businesses, with a focus on empowering women and youth through access to training, technical support, and equipment. These businesses will span climate-resilient sectors such as sustainable fisheries, aquaculture, beekeeping, ecotourism, and rainfed agriculture.

    An official high-level launch ceremony was held on 15 July at Hôtel Le Louvre Antaninarenina, bringing together representatives from national ministries, UN agencies, civil society, and development partners. 

    In her opening speech at the ceremony, the Secretary General of Environment and Sustainable Development Hahitantsoa Tokinirina Razafimahefa, said: “Restoring mangroves means protecting the coastline, supporting sustainable small-scale fishing, creating natural carbon sinks, and preserving nesting sites for rare species. In other words, it means acting on adaptation, mitigation, food security, and biodiversity conservation—all at once.”

    Paz Lopez-Rey, UNEP’s Programme Management Officer for the new project, said: “The project will strengthen local governance for integrated coastal zone management, while ensuring the integration of ecosystem-based adaptation into key regional and municipal planning tools. But it will go further than that; it will lead to a national strategy to scale up ecosystem-based adaptation in other vulnerable coastal areas of the country.”

    – on behalf of United Nations Environment Programme (UNEP).

    MIL OSI Africa –

  • MIL-OSI Canada: Government of Canada invests $13.4 million in Rogers Pass Centre and Trans-Canada Highway 

    Source: Government of Canada News

    Work will improve safety for visitors, the traveling public, and wildlife

    July 15, 2025                            Rogers Pass/Glacier, BC                    Parks Canada

    The Government of Canada is committed to protecting natural and cultural treasures in Canada and advancing infrastructure projects at Parks Canada administered sites to conserve the environment, create economic and tourism opportunities and ensure the safety of visitors travelling to and through these iconic places.

    Today, the Minister responsible for Parks Canada, the Honourable Steven Guilbeault, Minister of Canadian Identity and Culture and Minister responsible for Official Languages, announced $13.4 million for infrastructure improvements to the Rogers Pass Centre in Glacier National Park and key assets along the Trans-Canada Highway through Mount Revelstoke and Glacier national parks.

    The Rogers Pass Centre is an essential visitor experience and public safety node and rest point for travellers along this busy national corridor. During the rehabilitation, a temporary facility called Summit Station will provide travellers with visitor experience and safety information, park pass sales and merchandise, thereby ensuring minimal disruption to these services.

    This funding will also support critical roadway improvements along the Trans-Canada Highway, including:

    ·        Upgrades to the Mount Revelstoke National Park entrance overpass to meet current safety standards

    ·        Installation of an eco-passage to enable wildlife of all sizes to cross more safely

    ·        Slope stabilization in Glacier National Park to address landslide impacts to the highway

    ·        Drainage and surfacing improvements to improve safety

    This Government of Canada investment is ensuring that future generations can safely connect with the cultural and natural heritage of Rogers Pass National Historic Site and Mount Revelstoke and Glacier national parks while helping to protect and conserve important infrastructure, support the local economy and contribute to growth in the tourism sector.

                                                                                                       -30-

    MIL OSI Canada News –

  • MIL-OSI USA: King, Colleagues Press for Answers on “Striking Inconsistency” of Immigration Policies for Afghans Living in the U.S.

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON – U.S. Senator Angus King and a number of his Senate colleagues are pressing the White House for clarity on their shifting immigration policies for Afghans living in the United States. In a letter to Secretary of State Marco Rubio, King and his colleagues point out that the justifications for the decisions to implement a large-scale travel ban, which applies to Afghanistan, and terminate Temporary Protected Status, conflict with one another. Many of these Afghan nationals played essential, life-saving roles in supporting American servicemembers during the war in Afghanistan over two decades.

    Afghanistan remains gripped by violence and instability; the Islamic State Khorasan Province (ISKP), the Afghan affiliate of the Islamic State (ISIS), continues to launch attacks against ethnic and religious minorities and against the Taliban, leading to innocent civilian casualties. If Afghan nationals are forced to return to Afghanistan, many risk being caught in the crossfire between the Taliban and ISKP, threatening their human rights and freedoms. These risks are on top of retribution risks for Afghan nationals that supported American armed forces.

    “We write to you with deep concern over President Donald Trump’s recently announced so-called travel ban and its striking inconsistency with the Department of Homeland Security’s justification for termination of Temporary Protected Status (TPS) for Afghanistan. We respectfully request that you provide detailed information regarding the State Department’s assessment of the conditions in Afghanistan to clarify the Trump Administration’s position,” the lawmakers wrote.

    “As you know, the U.S. visa vetting system is a multi-layered process involving extensive background checks, biometric data collection, interagency information sharing, and screening against a range of national security databases that works to keep residents of our country safe,” the lawmakers continued. “According to the Brennan Center for Justice, “[m]ore than 40 national security experts from across the political spectrum have unequivocally told courts that travelers to the U.S. should not be vetted on religious or national stereotypes, but rather on specific threat information.”

    Highlighting the inconsistencies between the reasoning for including Afghanistan in the travel ban and ending the country’s TPS designation, they wrote, “This [travel ban] determination appears to be at odds with the Trump Administration’s stated position just weeks ago. May 12, 2025, Secretary of the Department of Homeland Security (DHS) Kristi Noem announced that DHS was ending TPS for Afghanistan. The basis offered in the Federal Register notice for this decision was ‘notable improvements in the security and economic situation such that requiring the return of Afghan nationals to Afghanistan does not pose a threat to their personal safety due to armed conflict or extraordinary and temporary conditions.’

    “As you are aware, many Afghan allies that received TPS stood shoulder to shoulder with American servicemembers for nearly two decades during the war in Afghanistan. Many fled to the United States out of fear of persecution by the Taliban or retaliation for such cooperation with the United States. It is unsafe for political targets of the Taliban to be forced to return against their will. TPS protections must be maintained for Afghan nationals in the United States,” the lawmakers concluded.

    In addition to King, the letter was signed by Senators Chris Van Hollen (D-MD), Amy Klobuchar (D-MN), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Dick Durbin (D-IL), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Tim Kaine (D-VA), Ed Markey (D-MA), Patty Murray (D-WA), Alex Padilla (D-CA), Gary Peters (D-MI), Jack Reed (D-RI), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Adam Schiff (D-CA), Tina Smith (D-MN), Mark Warner (D-VA), Raphael Warnock (D-GA), and Peter Welch (D-VT).

    Senator King has long supported the Special Immigrant Visa (SIV) program for America’s Afghan allies who assisted the U.S. government during the war in Afghanistan – having written that the policy likely saved Afghans from “a death sentence” in Defense News. Most recently, he signed a letter to Homeland Security Secretary Kristi Noem and Secretary of State Marco Rubio requesting answers on the cancellation of Temporary Protected Status (TPS) for those who served alongside America’s military. King had also cosponsored the Afghan Allies Protection Act to increase the number of authorized visas for Afghan civilians who risked their lives to support the U.S. mission, remove extraneous paperwork requirements and improve the program’s efficiency during the withdrawal of U.S. troops from Afghanistan. 

    The full text of the letter is available here and below.

    +++

    Dear Secretary Rubio:

    We write to you with deep concern over President Donald Trump’s recently announced so-called travel ban and its striking inconsistency with the Department of Homeland Security’s justification for termination of Temporary Protected Status (TPS) for Afghanistan. We respectfully request that you provide detailed information regarding the State Department’s assessment of the conditions in Afghanistan to clarify the Trump Administration’s position.

    On June 4, 2025, President Trump announced via a proclamation entitled “Restricting the Entry of Foreign Nationals to Protect the United States from Foreign Terrorists and Other National Security and Public Safety Threats” that he was imposing travel restrictions for foreign nationals entering the United States. Among the countries included in this proclamation is Afghanistan. Specifically, the proclamation bans most entry into the United States from Afghanistan, stating the following as justification:

    “The Taliban, a Specially Designated Global Terrorist (SDGT) group, controls Afghanistan. Afghanistan lacks a competent or cooperative central authority for issuing passports or civil documents and it does not have appropriate screening and vetting measures.”

    As you know, the U.S. visa vetting system is a multi-layered process involving extensive background checks, biometric data collection, interagency information sharing, and screening against a range of national security databases that works to keep residents of our country safe. According to the Brennan Center for Justice, “[m]ore than 40 national security experts from across the political spectrum have unequivocally told courts that travelers to the U.S. should not be vetted on religious or national stereotypes, but rather on specific threat information.” Categorically banning foreign nationals from coming to the United States based on their country of origin is discriminatory and harmful to our nation’s international relations and security interests.

    The proclamation further states that you, as the Secretary of State, were directed to make this determination, in consultation with other members of the President’s Cabinet including the Secretary of Homeland Security. Per the proclamation, you ultimately determined that “a number of countries remain deficient with regards to screening and vetting,” including the country of Afghanistan. Placing a blanket ban on another country’s citizens is a severe action, and the title of the proclamation states that it is being done “to protect the United States from foreign terrorists and other national security and public safety threats.” This determination appears to be at odds with the Trump Administration’s stated position just weeks ago. On May 12, 2025, Secretary of the Department of Homeland Security (DHS) Kristi Noem announced that DHS was ending TPS for Afghanistan. The basis offered in the Federal Register notice for this decision was “notable improvements in the security and economic situation such that requiring the return of Afghan nationals to Afghanistan does not pose a threat to their personal safety due to armed conflict or extraordinary and temporary conditions.” Specifically, the notice points to:

    1. the totality of Taliban rule and lessening overt presence of ISIS-K and other various terrorist organizations;
    2. a decrease in large-scale violence and humanitarian need;
    3. a growing economy; and 
    4. increased tourism, with tourists “sharing their experiences on social media, highlighting the peaceful countryside, welcoming locals, and the cultural heritage.

    Further, Secretary Noem found that “permitting Afghan nationals to remain temporarily in the United States is contrary to the national interest of the United States.” The Federal Register notice cited consultation with your Department in making this determination.

    These seemingly incompatible recent decisions indicate a troubling lack of consistency in the Administration’s analysis of country conditions in Afghanistan. Either Afghanistan is safe for the return of Afghan refugees and nationals that fled following the return of the Taliban to power or it is not.

    According to Human Rights Watch, in 2024, Taliban authorities intensified their crackdown on human rights, especially against women and girls, who are banned from attending secondary school or university and are unable to move freely. The Taliban also continues to detain and torture journalists, curtailing free speech and media. The 2023 U.S. State Department Human Rights Report covering Afghanistan found that women’s rights rapidly declined and restrictions on freedom of expression increased. The horrific human rights conditions in Afghanistan are unsafe for Afghan nationals to return to and returning would put their personal safety at immediate risk. Additionally, the Islamic State Khorasan Province (ISKP), the Afghan affiliate of the Islamic State (ISIS), continues to launch attacks against ethnic and religious minorities and against the Taliban, leading to innocent civilian casualties. If Afghan nationals are forced to return to Afghanistan, they will be caught in the crossfire between the Taliban and ISKP.

    As you are aware, many Afghan allies that received TPS stood shoulder to shoulder with American servicemembers for nearly two decades during the war in Afghanistan. Many fled to the United States out of fear of persecution by the Taliban or retaliation for such cooperation with the United States. It is unsafe for political targets of the Taliban to be forced to return against their will. TPS protections must be maintained for Afghan nationals in the United States.

    We would request that you immediately provide answers to the following questions:

    1. Please provide detailed reports or information that the State Department is relying upon in advising the Department of Homeland Security and the White House as to the conditions in Afghanistan. 
    2. How can you assure Afghan nationals fearing persecution in Afghanistan that the Taliban will not retaliate against them based upon their relationship with the United States?

    Congress has a strong interest in understanding what information the Trump Administration is using to carry out its policies and how it is making national security decisions that impact all of our constituents.  We look forward to receiving your response.

    MIL OSI USA News –

  • MIL-OSI USA: SCHUMER, GILLIBRAND ANNOUNCE OVER $21 MILLION IN FEDERAL FUNDING FOR 16 AIRPORTS ACROSS NEW YORK STATE

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Major Projects Include Over $6 Million For Long Island’s Republic Airport And Over $5 Million For Buffalo Niagara International Airport

    Today, U.S. Senate Minority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand, the top-ranking Democrat on the Senate Appropriations Transportation Subcommittee, announced $21,155,843 in federal funding to upgrade airport facilities and equipment at 16 airports across New York State. This federal funding was awarded through the Federal Aviation Administration’s Airport Improvement Program and will help fund projects that strengthen safety measures, modernize terminals, and enhance passenger experience at New York’s airports.

    “Keeping our airports in top-notch state is crucial for traveler safety and attracting business and tourism across New York State. Our regional airports are a gateway for commerce, tourism and are vital connectors for residents and visitors. This $21+ million in federal funding will help airports from Long Island to Buffalo reach new heights,” said Senator Schumer. “As Americans across the country have grown more concerned about aviation safety, I’ve fought hard to boost the Airport Improvement Program so our local airports in NY have the resources they need to maintain the highest safety standards. This significant federal investment will help make much-needed improvements so our local economies take off.”

    “From big cities to rural communities, New York’s airports are gateways for commerce, tourism, and travel. It’s vital that every airport has the resources it needs to provide a safe and comfortable experience for anyone who travels through our state,” said Senator Gillibrand. “That’s why I’m proud to announce more than $21 million for airport projects that will deliver critical safety and infrastructure upgrades while enhancing reliability and comfort. I look forward to seeing the impact these improvements will have and will continue fighting for more federal funding to support the upgrades that airports across the country desperately need.”

    A full list of funding recipients can be found below:

    Region

    Recipient

    Project Description

    Award

    Central New York

    Oswego County Airport

    Reconstructs existing runway signage and rehabilitates existing runway lighting. Additionally, reconstructs the precision approach path indicator system

    $76,950

    Finger Lakes

    Ithaca Tompkins International Airport

    Acquires new aircraft rescue and firefighting equipment

    $128,144

    Finger Lakes

    Ithaca Tompkins International Airport

    Replaces existing snow removal equipment

    $1,091,037

    Finger Lakes

    Penn Yan Airport

    Rehabilitates 3,561 feet of existing paved runway and existing runway lighting

    $271,700

    Finger Lakes

    Penn Yan Airport

    Replaces existing snow removal equipment including one carrier vehicle that has reached the end of its useful life

    $507,300

    Finger Lakes

    Frederick Douglass Greater Rochester International Airport

    Rehabilitates existing aircraft rescue and firefighting building

    $703,440

    Finger Lakes

    Frederick Douglass Greater Rochester International Airport

    Removes airport trees identified as obstructions by the Federal Aviation Administration

    $256,122

    Finger Lakes

    Le Roy Airport

    Removes 8 acres of trees and other facilities, installs lights, identifies obstructions and brings the airport into conformity with current standards

    $469,225

    Long Island

    Republic Airport

    Reconstructs an existing gate and rehabilitates existing runway

    $6,508,930

    North Country

    Lake Placid Airport

    Reconstructs 1,100 square yards of the existing General Aviation Apron pavement and rehabilitates an additional 5,600 square yards of existing General Aviation Apron pavement

    $156,037

    North Country

    Lake Placid Airport

    Replaces existing snow removal equipment

    $270,154

    North Country

    Massena International Airport

    Replaces existing snow removal equipment

    $253,518

    North Country

    Plattsburgh International Airport

    Acquires new snow removal equipment

    $1,110,797

    North Country

    Ogdensburg International Airport

    Terminal expansion

    $476,968

    North Country

    Ogdensburg International Airport

    Conducts an airport wildlife hazard assessment and develops a wildlife hazard management plan

    $181,174

    Southern Tier

    Greater Binghamton Airport

    Reconstructs 51,000 square feet of existing terminal building and replaces the electrical system and associated lighting

    $1,300,000

    Southern Tier

    Corning–Painted Post Airport

    Rehabilitates 3,269 feet of existing paved runway

    $731,951

    Western New York

    Jamestown Airport

    Reconstructs the existing terminal lighting and 13,900 square yards of the existing pavement

    $201,400

    Western New York

    Buffalo Niagara International Airport

    Rehabilitates existing taxiway pavement and lighting

    $5,680,000

    Western New York

    Buffalo-Lancaster Regional Airport

    Updates the existing airport master plan study

    $386,272

    Western New York

    Akron Jesson Field

    Conducts an initial pavement survey and develops a new pavement management plan

    $394,724

    MIL OSI USA News –

  • MIL-OSI USA: SCHUMER, GILLIBRAND ANNOUNCE OVER $21 MILLION IN FEDERAL FUNDING FOR 16 AIRPORTS ACROSS NEW YORK STATE

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Major Projects Include Over $6 Million For Long Island’s Republic Airport And Over $5 Million For Buffalo Niagara International Airport

    Today, U.S. Senate Minority Leader Chuck Schumer and U.S. Senator Kirsten Gillibrand, the top-ranking Democrat on the Senate Appropriations Transportation Subcommittee, announced $21,155,843 in federal funding to upgrade airport facilities and equipment at 16 airports across New York State. This federal funding was awarded through the Federal Aviation Administration’s Airport Improvement Program and will help fund projects that strengthen safety measures, modernize terminals, and enhance passenger experience at New York’s airports.

    “Keeping our airports in top-notch state is crucial for traveler safety and attracting business and tourism across New York State. Our regional airports are a gateway for commerce, tourism and are vital connectors for residents and visitors. This $21+ million in federal funding will help airports from Long Island to Buffalo reach new heights,” said Senator Schumer. “As Americans across the country have grown more concerned about aviation safety, I’ve fought hard to boost the Airport Improvement Program so our local airports in NY have the resources they need to maintain the highest safety standards. This significant federal investment will help make much-needed improvements so our local economies take off.”

    “From big cities to rural communities, New York’s airports are gateways for commerce, tourism, and travel. It’s vital that every airport has the resources it needs to provide a safe and comfortable experience for anyone who travels through our state,” said Senator Gillibrand. “That’s why I’m proud to announce more than $21 million for airport projects that will deliver critical safety and infrastructure upgrades while enhancing reliability and comfort. I look forward to seeing the impact these improvements will have and will continue fighting for more federal funding to support the upgrades that airports across the country desperately need.”

    A full list of funding recipients can be found below:

    Region

    Recipient

    Project Description

    Award

    Central New York

    Oswego County Airport

    Reconstructs existing runway signage and rehabilitates existing runway lighting. Additionally, reconstructs the precision approach path indicator system

    $76,950

    Finger Lakes

    Ithaca Tompkins International Airport

    Acquires new aircraft rescue and firefighting equipment

    $128,144

    Finger Lakes

    Ithaca Tompkins International Airport

    Replaces existing snow removal equipment

    $1,091,037

    Finger Lakes

    Penn Yan Airport

    Rehabilitates 3,561 feet of existing paved runway and existing runway lighting

    $271,700

    Finger Lakes

    Penn Yan Airport

    Replaces existing snow removal equipment including one carrier vehicle that has reached the end of its useful life

    $507,300

    Finger Lakes

    Frederick Douglass Greater Rochester International Airport

    Rehabilitates existing aircraft rescue and firefighting building

    $703,440

    Finger Lakes

    Frederick Douglass Greater Rochester International Airport

    Removes airport trees identified as obstructions by the Federal Aviation Administration

    $256,122

    Finger Lakes

    Le Roy Airport

    Removes 8 acres of trees and other facilities, installs lights, identifies obstructions and brings the airport into conformity with current standards

    $469,225

    Long Island

    Republic Airport

    Reconstructs an existing gate and rehabilitates existing runway

    $6,508,930

    North Country

    Lake Placid Airport

    Reconstructs 1,100 square yards of the existing General Aviation Apron pavement and rehabilitates an additional 5,600 square yards of existing General Aviation Apron pavement

    $156,037

    North Country

    Lake Placid Airport

    Replaces existing snow removal equipment

    $270,154

    North Country

    Massena International Airport

    Replaces existing snow removal equipment

    $253,518

    North Country

    Plattsburgh International Airport

    Acquires new snow removal equipment

    $1,110,797

    North Country

    Ogdensburg International Airport

    Terminal expansion

    $476,968

    North Country

    Ogdensburg International Airport

    Conducts an airport wildlife hazard assessment and develops a wildlife hazard management plan

    $181,174

    Southern Tier

    Greater Binghamton Airport

    Reconstructs 51,000 square feet of existing terminal building and replaces the electrical system and associated lighting

    $1,300,000

    Southern Tier

    Corning–Painted Post Airport

    Rehabilitates 3,269 feet of existing paved runway

    $731,951

    Western New York

    Jamestown Airport

    Reconstructs the existing terminal lighting and 13,900 square yards of the existing pavement

    $201,400

    Western New York

    Buffalo Niagara International Airport

    Rehabilitates existing taxiway pavement and lighting

    $5,680,000

    Western New York

    Buffalo-Lancaster Regional Airport

    Updates the existing airport master plan study

    $386,272

    Western New York

    Akron Jesson Field

    Conducts an initial pavement survey and develops a new pavement management plan

    $394,724

    MIL OSI USA News –

  • MIL-OSI Europe: UNESCO – Inscription of the megaliths of Carnac and of the shores of Morbihan on UNESCO’s World Heritage List (12 July 2025)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    France welcomes today’s inscription of the megaliths of Carnac and of the shores of Morbihan on UNESCO’s World Heritage List.

    As a Site of Exceptional Value, the megaliths of Carnac and of the shores of Morbihan are a unique ensemble of vestiges of megalithic civilizations, integrated into a protected natural landscape, testifying to an age-old dialogue between man and his environment.

    This heritage success is the result of long-standing cooperation between local elected representatives and tourism officials, the Ministry for Culture and the Ministry for Europe and Foreign Affairs.

    It is the 54th French property inscribed by UNESCO since 1979, testifying to the diversity and richness of the natural and cultural properties contained in our history and regions.

    France comes fourth today in the global ranking of countries with the largest number of properties inscribed on the World Heritage List.

    The diplomatic efforts led by France in terms of multilateral cooperation are bringing lasting, tangible benefits for the development of our territories, in terms of their international reputation and jobs in the culture and tourism sectors.

    MIL OSI Europe News –

  • MIL-OSI: White River Bancshares Co. Reports Net Income of $3.30 million, or $1.34 Per Diluted Share, in 2Q25; Results Driven by Loan Growth and Net Interest Margin Expansion

    Source: GlobeNewswire (MIL-OSI)

    FAYETTEVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income increased to $3.30 million, or $1.34 per diluted share, in the second quarter of 2025, compared to $1.85 million, or $0.81 per diluted share, in the second quarter of 2024. The Company reported net income of $2.63 million, or $1.07 per diluted share, for the prior quarter. In the first six months of 2025, net income increased to $5.93 million, or $2.42 per diluted share, compared to $2.36 million, or $1.11 per diluted share, in the first six months of 2024. All financial results are unaudited and all per share data has been adjusted to reflect the two-for-one stock split effected September 4, 2024.

    “We had a strong second quarter—the most profitable quarter we’ve ever had,” said Gary Head, Chairman and CEO. “We have been blessed to have incredible loan growth throughout the history of our company, and we build on that momentum quarter after quarter. Our Signature Bank family is the best group of bankers I’ve been associated with in my 43-year banking career. Their teamwork and commitment to excellence consistently go above and beyond expectations.”

    “As a community bank, expanding our deposit base to support new loan growth is critical,” said Scott Sandlin, Chief Strategy Officer. “Our Bank has made deposit gathering a primary focus, and our team has done an outstanding job—deepening relationships with existing clients while also bringing in new customers. As a result, total deposits increased 4.0% during the second quarter of 2025 and 23.2% year-over-year. At quarter end, demand and non-interest bearing accounts represented 18.7% of total deposits, and savings and interest-bearing transaction accounts represented 38.4% of total deposits. We will continue to actively seek more opportunities to grow deposits in the coming quarters to meet the increasing demand for loans.”

    Second Quarter 2025 Financial Highlights:

    • Net income for the second quarter of 2025 increased to $3.30 million, or $1.34 per diluted share, compared to $1.85 million, or $0.81 per diluted share, in the second quarter of 2024.
    • Net interest income increased 31.7% to $11.9 million in the second quarter of 2025, compared to $9.0 million in the second quarter of 2024.
    • Net interest margin (“NIM”) increased 31 basis points to 3.56% in the second quarter of 2025, compared to 3.25% in the second quarter of 2024.
    • The Company recorded an $800,000 provision for credit losses in the second quarter of 2025, compared to a $432,000 provision for credit losses in the second quarter of 2024.
    • Net loans increased 21.6% to $1.194 billion at June 30, 2025, compared to $982.3 million at June 30, 2024.
    • Nonperforming loans represented 0.03% of total loans at June 30, 2025, compared to 0.00% a year ago.
    • Total deposits increased $235.3 million, or 23.2%, year-over-year, to $1.249 billion at June 30, 2025, compared to $1.014 billion at June 30, 2024.
    • Core deposits (demand and non-interest-bearing, savings and interest-bearing transaction accounts, CDs under $250,000 and CDARs reciprocal deposits) represented 70.10% of total deposits at June 30, 2025.
    • Tangible book value per common share was $41.17 at June 30, 2025, compared to $37.00 a year ago.

    Income Statement

    In the second quarter of 2025, the Company generated a return on average assets of 0.94% and a return on average equity of 12.62%, compared to 0.79% and 10.64%, respectively, in the first quarter of 2025 and 0.63% and 8.26%, respectively, in the second quarter of 2024.

    “Our second quarter net interest margin expanded by 17 basis points from the previous quarter and 31 basis points year-over-year, driven by loan growth and increased yields on our interest-earning assets,” said Brant Ward, President. NIM was 3.56% in the second quarter of 2025, compared to 3.39% in the first quarter of 2025, and 3.25% in the second quarter of 2024. In the first six months of 2025, NIM expanded 37 basis points to 3.48%, compared to 3.11% in the first six months of 2024.

    Net interest income increased 31.7% to $11.9 million in the second quarter of 2025, compared to $9.0 million in the second quarter of 2024. The increase was primarily due to year-over-year loan growth. Total interest income increased 24.8% to $21.2 million in the second quarter of 2025, compared to $17.0 million in the second quarter of 2024, primarily attributable to the increase in loans. Total interest expense increased to $9.3 million in the second quarter of 2025, from $8.0 million in the second quarter of 2024, primarily due to an increase in deposit costs. In the first six months of 2025, net interest income increased 31.9% to $22.5 million, compared to $17.1 million in the first six months of 2024.

    Noninterest income increased 7.9% to $2.1 million in the second quarter of 2025, compared to $1.9 million in the second quarter of 2024. The increase was primarily due to an increase in secondary market fee income, which more than offset the decrease in wealth management fee income during the second quarter of 2025. In the first six months of 2025, noninterest income increased 14.5% to $4.0 million, compared to $3.5 million in the first six months of 2024.

    Noninterest expense was $8.9 million in the second quarter of 2025, compared to $8.1 million in the second quarter of 2024, as expenses have normalized following the investment in expanding the Company’s market presence over the past few years. In the first six months of the year, noninterest expense increased 6.0% to $17.4 million, compared to $16.4 million in the first six months of 2024.

    Balance Sheet

    Total assets increased 18.4% to $1.434 billion at June 30, 2025, from $1.211 billion at June 30, 2024, and increased 4.0% compared to $1.379 billion at March 31, 2025. Cash and cash equivalents totaled $25.6 million at June 30, 2025, compared to $49.5 million a year ago. Investment securities totaled $140.5 million at June 30, 2025, an increase from $115.5 million at June 30, 2024.

    Loans, net of allowance for credit losses, increased 21.6% to $1.194 billion at June 30, 2025, compared to $982.3 million at June 30, 2024, and increased 5.9% compared to $1.128 billion at March 31, 2025.

    Total deposits increased 23.2% to $1.249 billion at June 30, 2025, compared to $1.014 billion at June 30, 2024, and increased 4.0% compared to $1.201 billion at March 31, 2025. Demand and non-interest-bearing deposits decreased less than 1% compared to June 30, 2024, while savings and interest-bearing transaction accounts increased 37.6% compared to June 30, 2024.

    FHLB advances were $21.5 million at June 30, 2025, compared to $54.3 million at June 30, 2024, and $21.6 million at March 31, 2025. Total stockholders’ equity increased to $102.5 million at June 30, 2025, compared to $92.0 million at June 30, 2024, and $100.5 million at March 31, 2025. Tangible book value per common share was $41.17 at June 30, 2025, compared to $37.00 at June 30, 2024, and $40.33 at March 31, 2025.

    Credit Quality

    Due to strong quarterly loan growth, the Company recorded an $800,000 provision for credit losses in the second quarter of 2025. This is compared to a $670,000 provision for credit losses in the first quarter of 2025, and a $432,000 provision for credit losses in the second quarter of 2024.

    There were $365,000 in nonperforming loans at June 30, 2025. This compared to $420,000 in nonperforming loans at March 31, 2025, and $32,000 in nonperforming loans at June 30, 2024. Nonperforming loans represented 0.03% of total loans on June 30, 2025, 0.04% of total loans on March 31, 2025, and 0.00% of total loans a year ago.

    “We remain conservative in building our credit loss reserves, continually reviewing our loan mix, assessing growth trends, and factoring in both regional and national economic conditions to ensure our allowance remains appropriately calibrated,” said Jeff Maland, Chief Risk Officer. The allowance for credit losses was $14.0 million, or 1.16% of total loans, at June 30, 2025, compared to $13.3 million, or 1.17% of total loans, at March 31, 2025, and $12.4 million, or 1.25% of total loans, at June 30, 2024.

    Net loan recoveries were $11,000 in the second quarter of 2025. This compared to net loan charge-offs of $137,000 in the first quarter of 2025, and net loan charge-offs of $111,000 in the second quarter of 2024.

    Capital

    The Bank’s capital ratios continued to exceed regulatory “well-capitalized” requirements, with a Total risk-based capital ratio estimate of 11.69%, a Tier 1 ratio of 10.44%, and a Leverage ratio of 9.12% for the Bank at June 30, 2025.

    About White River Bancshares Company

    White River Bancshares Company is the single bank holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas. The Bank has locations in Fayetteville, Springdale, Bentonville, Rogers, Brinkley, Harrison and Jonesboro, Arkansas. Founded in 2005, Signature Bank of Arkansas provides a full line of financial services to small businesses, families and farms. White River Bancshares Company (OTCQX: WRIV), trades on the OTCQX® Best Market.  

    In the second quarter of 2025, the Signature Bank celebrated its 20-year anniversary of service to its Arkansas communities. In tandem with the celebration, the organization updated its mission statement:
    We are committed to being a trusted local bank for business owners, individuals, and families who seek personalized service from people they know. Our mission is to empower our customers to strengthen their connections through every interaction, ensuring that their dollars are reinvested locally to support the growth and prosperity of the community we share. We have a passion for preserving the traditions of community banking as we embrace the power of technology.

    About the Region

    White River Bancshares Company is headquartered in thriving Northwest Arkansas in the Fayetteville-Springdale-Rogers MSA. The region is home to the corporate headquarters for Walmart Stores Inc, Sam’s Club, Tyson Foods, Simmons Foods, and J.B. Hunt Transport. Hundreds of other market-leading companies including Procter & Gamble, Johnson & Johnson, Coca-Cola and Rubbermaid maintain offices in the region in order to maintain their relationships with the locally based Fortune 500 companies. Northwest Arkansas is also home to the state’s flagship public educational institution, The University of Arkansas, and its Sam M. Walton College of Business. The region has seen significant growth in its medical and arts infrastructures with the continued expansion of Washington Regional Medical System, Northwest Medical System, Mercy Health System of Northwest Arkansas and Arkansas Children’s Hospital Northwest. Crystal Bridges Museum of American Art and the Walton Arts Center have led the expansion of the arts. Northwest Arkansas has been repeatedly recognized in recent years as one of the best places to live in the country and remains one of the nation’s fastest-growing regions. In May 2024, Walmart issued a relocation mandate requiring most of its remote employees, as well as most of its office workers in Dallas, Atlanta and Toronto to move to, in most cases, Bentonville by November 1, 2024. While the company did not disclose a number, Bloomberg reported that the number of Walmart employees who would be moving to Bentonville would be in the thousands. Walmart is making a major investment in its hometown facilities, building a new, 350-acre headquarters campus, including walking and biking trails, a hotel, fitness facilities and a large childcare center.

    The Company has expanded eastward, with new markets in Jonesboro and Harrison. Jonesboro, located in Craighead County, is a city located on Crowley’s Ridge in the northeastern corner of Arkansas. It is the home of Arkansas State University and the cultural and economic center of Northeast Arkansas. Jonesboro also houses the region’s hospital network. U.S. Steel Corp. announced that it would locate a new $3 billion steel factory in Northeast Arkansas in Osceola, a move expected to create 900 jobs with an average pay over $100,000 annually, making it the largest capital investment project in Arkansas history. Harrison sits below Branson, Missouri, which is a family tourist destination and outdoor recreation, and is well known as an entertainment destination.

    The Company currently operates out of ten locations; three in Washington County; three in Benton County; two in Monroe County; one in Boone County; and one in Craighead County.

    The housing market in Washington and Benton counties remains robust. According to the Northwest Arkansas Board of Realtors, the average home in Washington County sold for $429,000 in May 2025, with an average of 97 days on the market. For Benton County, the average house sold for $461,000, with an average of 92 days on the market.

    Source:
    http://www.nwarealtors.org/market-statistics/

    Forward Looking Statements

    This press release contains statements about future events. These forward-looking statements, which are based on certain assumptions of management of the Company and the Bank and describe our future plans, strategies and expectations, can generally be identified by use of forward-looking terminology such as “may,” “will,” “believe,” “plan,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or the negative of those terms. Our ability to predict results of future events and the actual effect of future plans or strategies are inherently uncertain, and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects or that could affect the outcome of such forward-looking statements include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; credit deterioration in our loan portfolio that would cause us to increase our allowance for loan losses; legislative or regulatory changes; technological developments; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of our loan and securities portfolios; demand for loan products in our market areas; deposit flows and costs of capital; competition; retention and recruitment of qualified personnel; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    Contact: Scott Sandlin, Chief Strategy Officer
      479-684-3754
       
    WHITE RIVER BANCSHARES COMPANY
    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
                   
        For the Three Months Ended  
        June 30,   March 31,   June 30,  
          2025     2025     2024  
                   
    INTEREST INCOME              
    Loans, including fees   $ 19,611,698   $ 18,315,006   $ 15,763,452  
    Investment securities     1,431,773     1,258,571     1,083,415  
    Federal funds sold and other     175,917     232,978     162,250  
    Total interest income     21,219,388     19,806,555     17,009,117  
                   
    INTEREST EXPENSE              
    Deposits     8,538,199     8,312,455     7,106,512  
    Federal Home Loan Bank advances     296,860     393,057     448,263  
    Notes payable     477,735     475,425     398,017  
    Federal funds purchased and other     7,113     13,022     21,787  
    Total interest expense     9,319,907     9,193,959     7,974,579  
    NET INTEREST INCOME     11,899,481     10,612,596     9,034,538  
    Provision for credit losses     800,000     670,000     432,000  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES     11,099,481     9,942,596     8,602,538  
                   
    NON-INTEREST INCOME              
    Service charges and fees on deposits     162,185     171,186     154,816  
    Wealth management fee income     994,100     1,017,829     1,065,553  
    Secondary market fee income     223,956     128,824     113,926  
    Bank owned-life insurance income     82,190     80,603     80,478  
    Gain on sales and write-downs of foreclosed assets     15,475     –     326  
    Other     616,667     544,141     527,064  
    TOTAL NON-INTEREST INCOME     2,094,573     1,942,583     1,942,163  
                   
    NON-INTEREST EXPENSE              
    Salaries and benefits     5,185,716     4,931,692     4,784,556  
    Occupancy and equipment     1,189,886     1,145,101     936,818  
    Data processing     857,198     858,115     704,080  
    Marketing and business development     609,549     397,137     473,618  
    Professional services     699,968     650,708     617,890  
    Amortization of other intangible assets     53,037     53,036     53,037  
    Other     326,224     393,498     494,203  
    TOTAL NON-INTEREST EXPENSE     8,921,578     8,429,287     8,064,202  
                   
    Income before income taxes     4,272,476     3,455,892     2,480,499  
    Income tax provision     974,775     826,085     631,462  
    NET INCOME   $ 3,297,701   $ 2,629,807   $ 1,849,037  
                   
    EARNINGS PER SHARE              
    Basic (1)   $ 1.35   $ 1.07   $ 0.81  
    Diluted (1)   $ 1.34   $ 1.07   $ 0.81  
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
           
    WHITE RIVER BANCSHARES COMPANY  
    CONSOLIDATED STATEMENTS OF INCOME  
    (Unaudited)  
                 
          Six Months Ended  
          June 30,  
          2025   2024  
                 
    INTEREST INCOME            
    Loans, including fees     $ 37,926,704   $ 30,758,374  
    Investment securities       2,690,344     2,012,455  
    Federal funds sold and other       408,895     258,404  
    Total Interest Income       41,025,943     33,029,233  
                 
    INTEREST EXPENSE            
    Deposits       16,850,654     14,091,305  
    Federal Home Loan Bank advances       689,917     968,582  
    Notes payable       953,160     796,034  
    Federal funds purchased and other       20,135     100,047  
    Total interest expense       18,513,866     15,955,968  
    NET INTEREST INCOME       22,512,077     17,073,265  
    Provision for credit losses       1,470,000     1,080,000  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES       21,042,077     15,993,265  
                 
    NON-INTEREST INCOME            
    Service charges and fees on deposits       333,371     305,165  
    Wealth management fee income       2,011,929     1,911,059  
    Secondary market fee income       352,780     170,990  
    Bank owned life insurance income       162,793     160,359  
    Gain on sales and write-downs of foreclosed assets       15,475     1,376  
    Other       1,160,808     976,319  
    TOTAL NON-INTEREST INCOME       4,037,156     3,525,268  
                 
    NON-INTEREST EXPENSE            
    Salaries and benefits       10,117,408     9,784,089  
    Occupancy and equipment       2,334,987     1,864,942  
    Data processing       1,715,313     1,494,649  
    Marketing and business development       1,006,686     937,315  
    Professional services       1,350,676     1,287,757  
    Amortization of intangible asset       106,073     106,073  
    Other       719,722     898,039  
    TOTAL NON-INTEREST EXPENSE       17,350,865     16,372,864  
                 
    Income before income taxes       7,728,368     3,145,669  
    Income tax provision       1,800,860     787,404  
    NET INCOME     $ 5,927,508   $ 2,358,265  
                 
    EARNINGS PER SHARE            
    Basic (1)     $ 2.42   $ 1.11  
    Diluted (1)     $ 2.42   $ 1.11  
                 
      (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                 
    WHITE RIVER BANCSHARES COMPANY  
    CONSOLIDATED BALANCE SHEETS  
    (Unaudited)  
                   
        June 30, 2025   March 31, 2025   June 30, 2024  
                   
    ASSETS                      
    Cash and cash equivalents   $ 25,604,276     $ 48,360,156     $ 49,495,763    
    Investment securities     140,544,711       134,968,153       115,526,915    
    Loans held for sale     2,442,642       874,009       997,907    
    Loans     1,208,102,220       1,141,369,199       994,754,063    
    Allowance for credit losses     (14,033,740 )     (13,347,855 )     (12,434,130 )  
    Net loans     1,194,068,480       1,128,021,344       982,319,933    
    Premises and equipment, net     37,411,490       35,647,835       30,442,837    
    Foreclosed assets held for sale     –       310,406       777,606    
    Accrued interest receivable     7,024,823       6,629,881       5,433,391    
    Bank owned life insurance     9,942,100       9,859,911       9,614,851    
    Deferred income taxes     4,522,795       4,220,559       4,788,942    
    Other investments     7,925,019       6,782,614       8,094,125    
    Intangible assets, net     1,697,167       1,750,204       1,909,313    
    Other assets     2,783,012       1,825,830       1,733,790    
    TOTAL ASSETS   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
                   
    LIABILITIES & STOCKHOLDERS’ EQUITY                      
    Deposits:              
    Demand and non-interest-bearing   $ 233,078,431     $ 231,331,391     $ 233,230,007    
    Savings and interest-bearing transaction accounts     479,532,136       456,733,576       348,391,562    
    Time deposits     536,591,123       512,882,444       432,248,979    
    Total deposits     1,249,201,690       1,200,947,411       1,013,870,548    
    Federal Home Loan Bank advances     21,518,084       21,593,143       54,314,495    
    Notes payable     26,159,110       26,141,832       26,090,002    
    Operating lease liability     21,918,414       20,029,714       15,930,503    
    Reserve for losses on unfunded commitments     1,603,000       1,478,000       1,433,000    
    Accrued interest payable     2,636,403       2,731,699       2,714,687    
    Other liabilities     8,433,777       5,798,159       4,745,292    
    TOTAL LIABILITIES     1,331,470,478       1,278,719,958       1,119,098,527    
                   
    Stockholders’ equity:              
    Common stock (1)     24,876       24,882       24,698    
    Surplus (1)     102,893,483       102,784,831       102,457,705    
    Retained earnings (accumulated deficit)     6,787,654       4,714,375       (2,484,500 )  
    Treasury stock, at cost     (1,284,359 )     (1,265,731 )     (1,132,905 )  
    Accumulated other comprehensive loss     (5,925,617 )     (5,727,413 )     (6,828,152 )  
    TOTAL STOCKHOLDERS’ EQUITY     102,496,037       100,530,944       92,036,846    
                   
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                   
    WHITE RIVER BANCSHARES COMPANY
    SUPPLEMENTAL INFORMATION
                   
        (Unaudited)  
        Three Months Ended  
        June 30,   March 31,   June 30,  
                   
    FOR THE PERIOD              
    Net income   $ 3,297,701     $ 2,629,807     $ 1,849,037    
    Net income before taxes     4,272,476       3,455,892       2,480,499    
    Dividends declared per share (1)     0.50       –       0.50    
                   
                   
    PERIOD END BALANCE              
    Total assets   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
    Total investments     140,544,711       134,968,153       115,526,915    
    Total loans, net     1,194,068,480       1,128,021,344       982,319,933    
    Allowance for credit losses     (14,033,740 )     (13,347,855 )     (12,434,131 )  
    Total deposits     1,249,201,690       1,200,947,411       1,013,870,548    
    Stockholders’ equity     102,496,037       100,530,944       92,036,846    
                   
                   
    RATIO ANALYSIS              
    Return on average assets (annualized)     0.94 %     0.79 %     0.63 %  
    Return on average equity (annualized)     12.62 %     10.64 %     8.26 %  
    Net loans/Deposits     95.59 %     93.93 %     96.89 %  
    Total Stockholders’ Equity/Total assets     7.15 %     7.29 %     7.60 %  
    Net loan losses/Total loans     -0.00 %     0.01 %     0.01 %  
    Uninsured & unpledged deposits     32.37 %     31.00 %     31.21 %  
                   
                   
    PER SHARE DATA              
    Shares outstanding (1)     2,448,246       2,449,317       2,435,700    
    Weighted average shares outstanding (1)     2,448,734       2,446,747       2,291,316    
    Diluted weighted average shares outstanding (1)     2,454,485       2,451,161       2,291,316    
    Basic earnings (1)   $ 1.35     $ 1.07     $ 0.81    
    Diluted earnings (1)     1.34       1.07       0.81    
    Book value (1)     41.87       41.04       37.79    
    Tangible book value (1)     41.17       40.33       37.00    
                   
                   
    ASSET QUALITY              
    Net (recoveries) charge-offs   $ (10,889 )   $ 136,970     $ 110,968    
    Classified assets     402,406       853,745       1,090,758    
    Nonperforming loans     364,853       419,985       32,054    
    Nonperforming assets     364,853       730,391       809,660    
    Total nonperforming loans/Total loans     0.03 %     0.04 %     0.00 %  
    Total nonperforming loans/Total assets     0.03 %     0.03 %     0.00 %  
    Total nonperforming assets/Total assets     0.03 %     0.05 %     0.07 %  
    Allowance for credit losses/Total loans     1.16 %     1.17 %     1.25 %  
                   
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                   
    WHITE RIVER BANCSHARES COMPANY  
    INTEREST INCOME AND EXPENSE  
    (Unaudited)  
                                           
        Three Months Ended  
        June 30,   March 31,   June 30,  
          2025       2025       2024    
        Average       Average   Average       Average   Average       Average  
        Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate  
                                           
    Interest-earning assets:                                      
    Federal funds sold and other   $ 15,102,485   $ 175,917   4.67 %   $ 23,287,989   $ 232,978   4.06 %   $ 11,798,448   $ 162,250   5.53 %  
    Investment securities available-for-sale (1)     138,229,178     1,289,470   3.74 %     133,405,472     1,208,821   3.67 %     114,427,481     941,900   3.31 %  
    Loans receivable     1,169,591,045     19,611,698   6.73 %     1,106,648,533     18,315,006   6.71 %     973,396,880     15,763,452   6.51 %  
    Total interest-earning assets     1,322,922,708   $ 21,077,085   6.39 %     1,263,341,994   $ 19,756,805   6.34 %     1,099,622,809   $ 16,867,602   6.17 %  
    Noninterest-earning assets     81,927,528             81,821,189             74,503,352          
    Total assets   $ 1,404,850,236           $ 1,345,163,183           $ 1,174,126,161          
    Interest-bearing liabilities:                                      
    Interest-bearing deposits   $ 985,435,006   $ 8,538,199   3.48 %   $ 937,669,969   $ 8,312,455   3.60 %   $ 770,303,642   $ 7,106,512   3.71 %  
    FHLB advances and federal funds purchased     26,552,308     303,973   4.59 %     36,654,930     406,079   4.49 %     40,440,625     470,050   4.67 %  
    Notes payable     26,150,819     477,735   7.33 %     26,131,761     475,425   7.38 %     25,506,601     398,017   6.28 %  
    Total interest-bearing liabilities     1,038,138,133   $ 9,319,907   3.60 %     1,000,456,660   $ 9,193,959   3.73 %     836,250,868   $ 7,974,579   3.84 %  
    Noninterest-bearing liabilities     261,876,451             244,466,979             247,820,333          
    Total liabilities     1,300,014,584             1,244,923,639             1,084,071,201          
    Stockholders’ equity     104,835,652             100,239,544             90,054,960          
    Total liabilities and stockholders’ equity   $ 1,404,850,236           $ 1,345,163,183           $ 1,174,126,161          
    Net interest-earning assets   $ 284,784,575           $ 262,885,334           $ 263,371,941          
    Net interest spread       $ 11,757,178   2.79 %       $ 10,562,846   2.61 %       $ 8,893,023   2.33 %  
    Net interest margin           3.56 %           3.39 %           3.25 %  
                                           
    (1 ) Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).      
                                           
    WHITE RIVER BANCSHARES COMPANY  
    INTEREST INCOME AND EXPENSE  
    (Unaudited)  
                               
        Six Months Ended June 30,  
          2025       2024    
        Average       Average   Average       Average  
        Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate  
                               
    Interest-earning assets:                          
    Federal funds sold and other   $ 19,172,625   $ 408,895   4.30 %   $ 10,071,062   $ 258,404   5.16 %  
    Investment securities available-for-sale (1)     135,830,651     2,498,291   3.71 %     114,434,010     1,842,786   3.24 %  
    Loans receivable     1,138,293,665     37,926,704   6.72 %     967,102,566     30,758,374   6.40 %  
    Total interest-earning assets     1,293,296,941   $ 40,833,890   6.37 %     1,091,607,638   $ 32,859,564   6.05 %  
    Noninterest-earning assets     81,874,656             72,612,145          
    Total assets   $ 1,375,171,597           $ 1,164,219,783          
    Interest-bearing liabilities:                          
    Interest-bearing deposits   $ 961,684,434   $ 16,850,654   3.53 %   $ 766,601,621   $ 14,091,305   3.70 %  
    FHLB advances and federal funds purchased     31,575,711     710,052   4.53 %     45,594,923     1,068,629   4.71 %  
    Notes payable     26,141,343     953,160   7.35 %     25,500,463     796,034   6.28 %  
    Total interest-bearing liabilities     1,019,401,488   $ 18,513,866   3.66 %     837,697,007   $ 15,955,968   3.83 %  
    Noninterest-bearing liabilities     253,207,317             240,831,655          
    Total liabilities     1,272,608,805             1,078,528,662          
    Stockholders’ equity     102,562,792             85,691,121          
    Total liabilities and stockholders’ equity   $ 1,375,171,597           $ 1,164,219,783          
    Net interest-earning assets   $ 273,895,453           $ 253,910,631          
    Net interest spread       $ 22,320,024   2.70 %       $ 16,903,596   2.22 %  
    Net interest margin           3.48 %           3.11 %  
                               
    (1 )   Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).
                               

    The MIL Network –

  • MIL-OSI: White River Bancshares Co. Reports Net Income of $3.30 million, or $1.34 Per Diluted Share, in 2Q25; Results Driven by Loan Growth and Net Interest Margin Expansion

    Source: GlobeNewswire (MIL-OSI)

    FAYETTEVILLE, Ark., July 15, 2025 (GLOBE NEWSWIRE) — White River Bancshares Company (OTCQX: WRIV) (the “Company”), the holding company for Signature Bank of Arkansas (the “Bank”), today reported net income increased to $3.30 million, or $1.34 per diluted share, in the second quarter of 2025, compared to $1.85 million, or $0.81 per diluted share, in the second quarter of 2024. The Company reported net income of $2.63 million, or $1.07 per diluted share, for the prior quarter. In the first six months of 2025, net income increased to $5.93 million, or $2.42 per diluted share, compared to $2.36 million, or $1.11 per diluted share, in the first six months of 2024. All financial results are unaudited and all per share data has been adjusted to reflect the two-for-one stock split effected September 4, 2024.

    “We had a strong second quarter—the most profitable quarter we’ve ever had,” said Gary Head, Chairman and CEO. “We have been blessed to have incredible loan growth throughout the history of our company, and we build on that momentum quarter after quarter. Our Signature Bank family is the best group of bankers I’ve been associated with in my 43-year banking career. Their teamwork and commitment to excellence consistently go above and beyond expectations.”

    “As a community bank, expanding our deposit base to support new loan growth is critical,” said Scott Sandlin, Chief Strategy Officer. “Our Bank has made deposit gathering a primary focus, and our team has done an outstanding job—deepening relationships with existing clients while also bringing in new customers. As a result, total deposits increased 4.0% during the second quarter of 2025 and 23.2% year-over-year. At quarter end, demand and non-interest bearing accounts represented 18.7% of total deposits, and savings and interest-bearing transaction accounts represented 38.4% of total deposits. We will continue to actively seek more opportunities to grow deposits in the coming quarters to meet the increasing demand for loans.”

    Second Quarter 2025 Financial Highlights:

    • Net income for the second quarter of 2025 increased to $3.30 million, or $1.34 per diluted share, compared to $1.85 million, or $0.81 per diluted share, in the second quarter of 2024.
    • Net interest income increased 31.7% to $11.9 million in the second quarter of 2025, compared to $9.0 million in the second quarter of 2024.
    • Net interest margin (“NIM”) increased 31 basis points to 3.56% in the second quarter of 2025, compared to 3.25% in the second quarter of 2024.
    • The Company recorded an $800,000 provision for credit losses in the second quarter of 2025, compared to a $432,000 provision for credit losses in the second quarter of 2024.
    • Net loans increased 21.6% to $1.194 billion at June 30, 2025, compared to $982.3 million at June 30, 2024.
    • Nonperforming loans represented 0.03% of total loans at June 30, 2025, compared to 0.00% a year ago.
    • Total deposits increased $235.3 million, or 23.2%, year-over-year, to $1.249 billion at June 30, 2025, compared to $1.014 billion at June 30, 2024.
    • Core deposits (demand and non-interest-bearing, savings and interest-bearing transaction accounts, CDs under $250,000 and CDARs reciprocal deposits) represented 70.10% of total deposits at June 30, 2025.
    • Tangible book value per common share was $41.17 at June 30, 2025, compared to $37.00 a year ago.

    Income Statement

    In the second quarter of 2025, the Company generated a return on average assets of 0.94% and a return on average equity of 12.62%, compared to 0.79% and 10.64%, respectively, in the first quarter of 2025 and 0.63% and 8.26%, respectively, in the second quarter of 2024.

    “Our second quarter net interest margin expanded by 17 basis points from the previous quarter and 31 basis points year-over-year, driven by loan growth and increased yields on our interest-earning assets,” said Brant Ward, President. NIM was 3.56% in the second quarter of 2025, compared to 3.39% in the first quarter of 2025, and 3.25% in the second quarter of 2024. In the first six months of 2025, NIM expanded 37 basis points to 3.48%, compared to 3.11% in the first six months of 2024.

    Net interest income increased 31.7% to $11.9 million in the second quarter of 2025, compared to $9.0 million in the second quarter of 2024. The increase was primarily due to year-over-year loan growth. Total interest income increased 24.8% to $21.2 million in the second quarter of 2025, compared to $17.0 million in the second quarter of 2024, primarily attributable to the increase in loans. Total interest expense increased to $9.3 million in the second quarter of 2025, from $8.0 million in the second quarter of 2024, primarily due to an increase in deposit costs. In the first six months of 2025, net interest income increased 31.9% to $22.5 million, compared to $17.1 million in the first six months of 2024.

    Noninterest income increased 7.9% to $2.1 million in the second quarter of 2025, compared to $1.9 million in the second quarter of 2024. The increase was primarily due to an increase in secondary market fee income, which more than offset the decrease in wealth management fee income during the second quarter of 2025. In the first six months of 2025, noninterest income increased 14.5% to $4.0 million, compared to $3.5 million in the first six months of 2024.

    Noninterest expense was $8.9 million in the second quarter of 2025, compared to $8.1 million in the second quarter of 2024, as expenses have normalized following the investment in expanding the Company’s market presence over the past few years. In the first six months of the year, noninterest expense increased 6.0% to $17.4 million, compared to $16.4 million in the first six months of 2024.

    Balance Sheet

    Total assets increased 18.4% to $1.434 billion at June 30, 2025, from $1.211 billion at June 30, 2024, and increased 4.0% compared to $1.379 billion at March 31, 2025. Cash and cash equivalents totaled $25.6 million at June 30, 2025, compared to $49.5 million a year ago. Investment securities totaled $140.5 million at June 30, 2025, an increase from $115.5 million at June 30, 2024.

    Loans, net of allowance for credit losses, increased 21.6% to $1.194 billion at June 30, 2025, compared to $982.3 million at June 30, 2024, and increased 5.9% compared to $1.128 billion at March 31, 2025.

    Total deposits increased 23.2% to $1.249 billion at June 30, 2025, compared to $1.014 billion at June 30, 2024, and increased 4.0% compared to $1.201 billion at March 31, 2025. Demand and non-interest-bearing deposits decreased less than 1% compared to June 30, 2024, while savings and interest-bearing transaction accounts increased 37.6% compared to June 30, 2024.

    FHLB advances were $21.5 million at June 30, 2025, compared to $54.3 million at June 30, 2024, and $21.6 million at March 31, 2025. Total stockholders’ equity increased to $102.5 million at June 30, 2025, compared to $92.0 million at June 30, 2024, and $100.5 million at March 31, 2025. Tangible book value per common share was $41.17 at June 30, 2025, compared to $37.00 at June 30, 2024, and $40.33 at March 31, 2025.

    Credit Quality

    Due to strong quarterly loan growth, the Company recorded an $800,000 provision for credit losses in the second quarter of 2025. This is compared to a $670,000 provision for credit losses in the first quarter of 2025, and a $432,000 provision for credit losses in the second quarter of 2024.

    There were $365,000 in nonperforming loans at June 30, 2025. This compared to $420,000 in nonperforming loans at March 31, 2025, and $32,000 in nonperforming loans at June 30, 2024. Nonperforming loans represented 0.03% of total loans on June 30, 2025, 0.04% of total loans on March 31, 2025, and 0.00% of total loans a year ago.

    “We remain conservative in building our credit loss reserves, continually reviewing our loan mix, assessing growth trends, and factoring in both regional and national economic conditions to ensure our allowance remains appropriately calibrated,” said Jeff Maland, Chief Risk Officer. The allowance for credit losses was $14.0 million, or 1.16% of total loans, at June 30, 2025, compared to $13.3 million, or 1.17% of total loans, at March 31, 2025, and $12.4 million, or 1.25% of total loans, at June 30, 2024.

    Net loan recoveries were $11,000 in the second quarter of 2025. This compared to net loan charge-offs of $137,000 in the first quarter of 2025, and net loan charge-offs of $111,000 in the second quarter of 2024.

    Capital

    The Bank’s capital ratios continued to exceed regulatory “well-capitalized” requirements, with a Total risk-based capital ratio estimate of 11.69%, a Tier 1 ratio of 10.44%, and a Leverage ratio of 9.12% for the Bank at June 30, 2025.

    About White River Bancshares Company

    White River Bancshares Company is the single bank holding company for Signature Bank of Arkansas, headquartered in Fayetteville, Arkansas. The Bank has locations in Fayetteville, Springdale, Bentonville, Rogers, Brinkley, Harrison and Jonesboro, Arkansas. Founded in 2005, Signature Bank of Arkansas provides a full line of financial services to small businesses, families and farms. White River Bancshares Company (OTCQX: WRIV), trades on the OTCQX® Best Market.  

    In the second quarter of 2025, the Signature Bank celebrated its 20-year anniversary of service to its Arkansas communities. In tandem with the celebration, the organization updated its mission statement:
    We are committed to being a trusted local bank for business owners, individuals, and families who seek personalized service from people they know. Our mission is to empower our customers to strengthen their connections through every interaction, ensuring that their dollars are reinvested locally to support the growth and prosperity of the community we share. We have a passion for preserving the traditions of community banking as we embrace the power of technology.

    About the Region

    White River Bancshares Company is headquartered in thriving Northwest Arkansas in the Fayetteville-Springdale-Rogers MSA. The region is home to the corporate headquarters for Walmart Stores Inc, Sam’s Club, Tyson Foods, Simmons Foods, and J.B. Hunt Transport. Hundreds of other market-leading companies including Procter & Gamble, Johnson & Johnson, Coca-Cola and Rubbermaid maintain offices in the region in order to maintain their relationships with the locally based Fortune 500 companies. Northwest Arkansas is also home to the state’s flagship public educational institution, The University of Arkansas, and its Sam M. Walton College of Business. The region has seen significant growth in its medical and arts infrastructures with the continued expansion of Washington Regional Medical System, Northwest Medical System, Mercy Health System of Northwest Arkansas and Arkansas Children’s Hospital Northwest. Crystal Bridges Museum of American Art and the Walton Arts Center have led the expansion of the arts. Northwest Arkansas has been repeatedly recognized in recent years as one of the best places to live in the country and remains one of the nation’s fastest-growing regions. In May 2024, Walmart issued a relocation mandate requiring most of its remote employees, as well as most of its office workers in Dallas, Atlanta and Toronto to move to, in most cases, Bentonville by November 1, 2024. While the company did not disclose a number, Bloomberg reported that the number of Walmart employees who would be moving to Bentonville would be in the thousands. Walmart is making a major investment in its hometown facilities, building a new, 350-acre headquarters campus, including walking and biking trails, a hotel, fitness facilities and a large childcare center.

    The Company has expanded eastward, with new markets in Jonesboro and Harrison. Jonesboro, located in Craighead County, is a city located on Crowley’s Ridge in the northeastern corner of Arkansas. It is the home of Arkansas State University and the cultural and economic center of Northeast Arkansas. Jonesboro also houses the region’s hospital network. U.S. Steel Corp. announced that it would locate a new $3 billion steel factory in Northeast Arkansas in Osceola, a move expected to create 900 jobs with an average pay over $100,000 annually, making it the largest capital investment project in Arkansas history. Harrison sits below Branson, Missouri, which is a family tourist destination and outdoor recreation, and is well known as an entertainment destination.

    The Company currently operates out of ten locations; three in Washington County; three in Benton County; two in Monroe County; one in Boone County; and one in Craighead County.

    The housing market in Washington and Benton counties remains robust. According to the Northwest Arkansas Board of Realtors, the average home in Washington County sold for $429,000 in May 2025, with an average of 97 days on the market. For Benton County, the average house sold for $461,000, with an average of 92 days on the market.

    Source:
    http://www.nwarealtors.org/market-statistics/

    Forward Looking Statements

    This press release contains statements about future events. These forward-looking statements, which are based on certain assumptions of management of the Company and the Bank and describe our future plans, strategies and expectations, can generally be identified by use of forward-looking terminology such as “may,” “will,” “believe,” “plan,” “expect,” “intend,” “anticipate,” “estimate,” “project,” or similar expressions or the negative of those terms. Our ability to predict results of future events and the actual effect of future plans or strategies are inherently uncertain, and actual results may differ materially from those predicted in such forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects or that could affect the outcome of such forward-looking statements include, but are not limited to, changes in interest rates; the economic health of the local real estate market; general economic conditions; credit deterioration in our loan portfolio that would cause us to increase our allowance for loan losses; legislative or regulatory changes; technological developments; monetary and fiscal policies of the U.S. government, including policies of the U.S. Treasury and the Federal Reserve Board; the quality or composition of our loan and securities portfolios; demand for loan products in our market areas; deposit flows and costs of capital; competition; retention and recruitment of qualified personnel; demand for financial services in our market areas; and changes in accounting principles, policies, and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    Contact: Scott Sandlin, Chief Strategy Officer
      479-684-3754
       
    WHITE RIVER BANCSHARES COMPANY
    CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
                   
        For the Three Months Ended  
        June 30,   March 31,   June 30,  
          2025     2025     2024  
                   
    INTEREST INCOME              
    Loans, including fees   $ 19,611,698   $ 18,315,006   $ 15,763,452  
    Investment securities     1,431,773     1,258,571     1,083,415  
    Federal funds sold and other     175,917     232,978     162,250  
    Total interest income     21,219,388     19,806,555     17,009,117  
                   
    INTEREST EXPENSE              
    Deposits     8,538,199     8,312,455     7,106,512  
    Federal Home Loan Bank advances     296,860     393,057     448,263  
    Notes payable     477,735     475,425     398,017  
    Federal funds purchased and other     7,113     13,022     21,787  
    Total interest expense     9,319,907     9,193,959     7,974,579  
    NET INTEREST INCOME     11,899,481     10,612,596     9,034,538  
    Provision for credit losses     800,000     670,000     432,000  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES     11,099,481     9,942,596     8,602,538  
                   
    NON-INTEREST INCOME              
    Service charges and fees on deposits     162,185     171,186     154,816  
    Wealth management fee income     994,100     1,017,829     1,065,553  
    Secondary market fee income     223,956     128,824     113,926  
    Bank owned-life insurance income     82,190     80,603     80,478  
    Gain on sales and write-downs of foreclosed assets     15,475     –     326  
    Other     616,667     544,141     527,064  
    TOTAL NON-INTEREST INCOME     2,094,573     1,942,583     1,942,163  
                   
    NON-INTEREST EXPENSE              
    Salaries and benefits     5,185,716     4,931,692     4,784,556  
    Occupancy and equipment     1,189,886     1,145,101     936,818  
    Data processing     857,198     858,115     704,080  
    Marketing and business development     609,549     397,137     473,618  
    Professional services     699,968     650,708     617,890  
    Amortization of other intangible assets     53,037     53,036     53,037  
    Other     326,224     393,498     494,203  
    TOTAL NON-INTEREST EXPENSE     8,921,578     8,429,287     8,064,202  
                   
    Income before income taxes     4,272,476     3,455,892     2,480,499  
    Income tax provision     974,775     826,085     631,462  
    NET INCOME   $ 3,297,701   $ 2,629,807   $ 1,849,037  
                   
    EARNINGS PER SHARE              
    Basic (1)   $ 1.35   $ 1.07   $ 0.81  
    Diluted (1)   $ 1.34   $ 1.07   $ 0.81  
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
           
    WHITE RIVER BANCSHARES COMPANY  
    CONSOLIDATED STATEMENTS OF INCOME  
    (Unaudited)  
                 
          Six Months Ended  
          June 30,  
          2025   2024  
                 
    INTEREST INCOME            
    Loans, including fees     $ 37,926,704   $ 30,758,374  
    Investment securities       2,690,344     2,012,455  
    Federal funds sold and other       408,895     258,404  
    Total Interest Income       41,025,943     33,029,233  
                 
    INTEREST EXPENSE            
    Deposits       16,850,654     14,091,305  
    Federal Home Loan Bank advances       689,917     968,582  
    Notes payable       953,160     796,034  
    Federal funds purchased and other       20,135     100,047  
    Total interest expense       18,513,866     15,955,968  
    NET INTEREST INCOME       22,512,077     17,073,265  
    Provision for credit losses       1,470,000     1,080,000  
    NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES       21,042,077     15,993,265  
                 
    NON-INTEREST INCOME            
    Service charges and fees on deposits       333,371     305,165  
    Wealth management fee income       2,011,929     1,911,059  
    Secondary market fee income       352,780     170,990  
    Bank owned life insurance income       162,793     160,359  
    Gain on sales and write-downs of foreclosed assets       15,475     1,376  
    Other       1,160,808     976,319  
    TOTAL NON-INTEREST INCOME       4,037,156     3,525,268  
                 
    NON-INTEREST EXPENSE            
    Salaries and benefits       10,117,408     9,784,089  
    Occupancy and equipment       2,334,987     1,864,942  
    Data processing       1,715,313     1,494,649  
    Marketing and business development       1,006,686     937,315  
    Professional services       1,350,676     1,287,757  
    Amortization of intangible asset       106,073     106,073  
    Other       719,722     898,039  
    TOTAL NON-INTEREST EXPENSE       17,350,865     16,372,864  
                 
    Income before income taxes       7,728,368     3,145,669  
    Income tax provision       1,800,860     787,404  
    NET INCOME     $ 5,927,508   $ 2,358,265  
                 
    EARNINGS PER SHARE            
    Basic (1)     $ 2.42   $ 1.11  
    Diluted (1)     $ 2.42   $ 1.11  
                 
      (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                 
    WHITE RIVER BANCSHARES COMPANY  
    CONSOLIDATED BALANCE SHEETS  
    (Unaudited)  
                   
        June 30, 2025   March 31, 2025   June 30, 2024  
                   
    ASSETS                      
    Cash and cash equivalents   $ 25,604,276     $ 48,360,156     $ 49,495,763    
    Investment securities     140,544,711       134,968,153       115,526,915    
    Loans held for sale     2,442,642       874,009       997,907    
    Loans     1,208,102,220       1,141,369,199       994,754,063    
    Allowance for credit losses     (14,033,740 )     (13,347,855 )     (12,434,130 )  
    Net loans     1,194,068,480       1,128,021,344       982,319,933    
    Premises and equipment, net     37,411,490       35,647,835       30,442,837    
    Foreclosed assets held for sale     –       310,406       777,606    
    Accrued interest receivable     7,024,823       6,629,881       5,433,391    
    Bank owned life insurance     9,942,100       9,859,911       9,614,851    
    Deferred income taxes     4,522,795       4,220,559       4,788,942    
    Other investments     7,925,019       6,782,614       8,094,125    
    Intangible assets, net     1,697,167       1,750,204       1,909,313    
    Other assets     2,783,012       1,825,830       1,733,790    
    TOTAL ASSETS   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
                   
    LIABILITIES & STOCKHOLDERS’ EQUITY                      
    Deposits:              
    Demand and non-interest-bearing   $ 233,078,431     $ 231,331,391     $ 233,230,007    
    Savings and interest-bearing transaction accounts     479,532,136       456,733,576       348,391,562    
    Time deposits     536,591,123       512,882,444       432,248,979    
    Total deposits     1,249,201,690       1,200,947,411       1,013,870,548    
    Federal Home Loan Bank advances     21,518,084       21,593,143       54,314,495    
    Notes payable     26,159,110       26,141,832       26,090,002    
    Operating lease liability     21,918,414       20,029,714       15,930,503    
    Reserve for losses on unfunded commitments     1,603,000       1,478,000       1,433,000    
    Accrued interest payable     2,636,403       2,731,699       2,714,687    
    Other liabilities     8,433,777       5,798,159       4,745,292    
    TOTAL LIABILITIES     1,331,470,478       1,278,719,958       1,119,098,527    
                   
    Stockholders’ equity:              
    Common stock (1)     24,876       24,882       24,698    
    Surplus (1)     102,893,483       102,784,831       102,457,705    
    Retained earnings (accumulated deficit)     6,787,654       4,714,375       (2,484,500 )  
    Treasury stock, at cost     (1,284,359 )     (1,265,731 )     (1,132,905 )  
    Accumulated other comprehensive loss     (5,925,617 )     (5,727,413 )     (6,828,152 )  
    TOTAL STOCKHOLDERS’ EQUITY     102,496,037       100,530,944       92,036,846    
                   
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                   
    WHITE RIVER BANCSHARES COMPANY
    SUPPLEMENTAL INFORMATION
                   
        (Unaudited)  
        Three Months Ended  
        June 30,   March 31,   June 30,  
                   
    FOR THE PERIOD              
    Net income   $ 3,297,701     $ 2,629,807     $ 1,849,037    
    Net income before taxes     4,272,476       3,455,892       2,480,499    
    Dividends declared per share (1)     0.50       –       0.50    
                   
                   
    PERIOD END BALANCE              
    Total assets   $ 1,433,966,515     $ 1,379,250,902     $ 1,211,135,373    
    Total investments     140,544,711       134,968,153       115,526,915    
    Total loans, net     1,194,068,480       1,128,021,344       982,319,933    
    Allowance for credit losses     (14,033,740 )     (13,347,855 )     (12,434,131 )  
    Total deposits     1,249,201,690       1,200,947,411       1,013,870,548    
    Stockholders’ equity     102,496,037       100,530,944       92,036,846    
                   
                   
    RATIO ANALYSIS              
    Return on average assets (annualized)     0.94 %     0.79 %     0.63 %  
    Return on average equity (annualized)     12.62 %     10.64 %     8.26 %  
    Net loans/Deposits     95.59 %     93.93 %     96.89 %  
    Total Stockholders’ Equity/Total assets     7.15 %     7.29 %     7.60 %  
    Net loan losses/Total loans     -0.00 %     0.01 %     0.01 %  
    Uninsured & unpledged deposits     32.37 %     31.00 %     31.21 %  
                   
                   
    PER SHARE DATA              
    Shares outstanding (1)     2,448,246       2,449,317       2,435,700    
    Weighted average shares outstanding (1)     2,448,734       2,446,747       2,291,316    
    Diluted weighted average shares outstanding (1)     2,454,485       2,451,161       2,291,316    
    Basic earnings (1)   $ 1.35     $ 1.07     $ 0.81    
    Diluted earnings (1)     1.34       1.07       0.81    
    Book value (1)     41.87       41.04       37.79    
    Tangible book value (1)     41.17       40.33       37.00    
                   
                   
    ASSET QUALITY              
    Net (recoveries) charge-offs   $ (10,889 )   $ 136,970     $ 110,968    
    Classified assets     402,406       853,745       1,090,758    
    Nonperforming loans     364,853       419,985       32,054    
    Nonperforming assets     364,853       730,391       809,660    
    Total nonperforming loans/Total loans     0.03 %     0.04 %     0.00 %  
    Total nonperforming loans/Total assets     0.03 %     0.03 %     0.00 %  
    Total nonperforming assets/Total assets     0.03 %     0.05 %     0.07 %  
    Allowance for credit losses/Total loans     1.16 %     1.17 %     1.25 %  
                   
                   
    (1 ) Prior periods adjusted to give effect to stock split effected in the form of a dividend on September 4, 2024.  
                   
    WHITE RIVER BANCSHARES COMPANY  
    INTEREST INCOME AND EXPENSE  
    (Unaudited)  
                                           
        Three Months Ended  
        June 30,   March 31,   June 30,  
          2025       2025       2024    
        Average       Average   Average       Average   Average       Average  
        Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate  
                                           
    Interest-earning assets:                                      
    Federal funds sold and other   $ 15,102,485   $ 175,917   4.67 %   $ 23,287,989   $ 232,978   4.06 %   $ 11,798,448   $ 162,250   5.53 %  
    Investment securities available-for-sale (1)     138,229,178     1,289,470   3.74 %     133,405,472     1,208,821   3.67 %     114,427,481     941,900   3.31 %  
    Loans receivable     1,169,591,045     19,611,698   6.73 %     1,106,648,533     18,315,006   6.71 %     973,396,880     15,763,452   6.51 %  
    Total interest-earning assets     1,322,922,708   $ 21,077,085   6.39 %     1,263,341,994   $ 19,756,805   6.34 %     1,099,622,809   $ 16,867,602   6.17 %  
    Noninterest-earning assets     81,927,528             81,821,189             74,503,352          
    Total assets   $ 1,404,850,236           $ 1,345,163,183           $ 1,174,126,161          
    Interest-bearing liabilities:                                      
    Interest-bearing deposits   $ 985,435,006   $ 8,538,199   3.48 %   $ 937,669,969   $ 8,312,455   3.60 %   $ 770,303,642   $ 7,106,512   3.71 %  
    FHLB advances and federal funds purchased     26,552,308     303,973   4.59 %     36,654,930     406,079   4.49 %     40,440,625     470,050   4.67 %  
    Notes payable     26,150,819     477,735   7.33 %     26,131,761     475,425   7.38 %     25,506,601     398,017   6.28 %  
    Total interest-bearing liabilities     1,038,138,133   $ 9,319,907   3.60 %     1,000,456,660   $ 9,193,959   3.73 %     836,250,868   $ 7,974,579   3.84 %  
    Noninterest-bearing liabilities     261,876,451             244,466,979             247,820,333          
    Total liabilities     1,300,014,584             1,244,923,639             1,084,071,201          
    Stockholders’ equity     104,835,652             100,239,544             90,054,960          
    Total liabilities and stockholders’ equity   $ 1,404,850,236           $ 1,345,163,183           $ 1,174,126,161          
    Net interest-earning assets   $ 284,784,575           $ 262,885,334           $ 263,371,941          
    Net interest spread       $ 11,757,178   2.79 %       $ 10,562,846   2.61 %       $ 8,893,023   2.33 %  
    Net interest margin           3.56 %           3.39 %           3.25 %  
                                           
    (1 ) Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).      
                                           
    WHITE RIVER BANCSHARES COMPANY  
    INTEREST INCOME AND EXPENSE  
    (Unaudited)  
                               
        Six Months Ended June 30,  
          2025       2024    
        Average       Average   Average       Average  
        Balance   Interest   Yield/Rate   Balance   Interest   Yield/Rate  
                               
    Interest-earning assets:                          
    Federal funds sold and other   $ 19,172,625   $ 408,895   4.30 %   $ 10,071,062   $ 258,404   5.16 %  
    Investment securities available-for-sale (1)     135,830,651     2,498,291   3.71 %     114,434,010     1,842,786   3.24 %  
    Loans receivable     1,138,293,665     37,926,704   6.72 %     967,102,566     30,758,374   6.40 %  
    Total interest-earning assets     1,293,296,941   $ 40,833,890   6.37 %     1,091,607,638   $ 32,859,564   6.05 %  
    Noninterest-earning assets     81,874,656             72,612,145          
    Total assets   $ 1,375,171,597           $ 1,164,219,783          
    Interest-bearing liabilities:                          
    Interest-bearing deposits   $ 961,684,434   $ 16,850,654   3.53 %   $ 766,601,621   $ 14,091,305   3.70 %  
    FHLB advances and federal funds purchased     31,575,711     710,052   4.53 %     45,594,923     1,068,629   4.71 %  
    Notes payable     26,141,343     953,160   7.35 %     25,500,463     796,034   6.28 %  
    Total interest-bearing liabilities     1,019,401,488   $ 18,513,866   3.66 %     837,697,007   $ 15,955,968   3.83 %  
    Noninterest-bearing liabilities     253,207,317             240,831,655          
    Total liabilities     1,272,608,805             1,078,528,662          
    Stockholders’ equity     102,562,792             85,691,121          
    Total liabilities and stockholders’ equity   $ 1,375,171,597           $ 1,164,219,783          
    Net interest-earning assets   $ 273,895,453           $ 253,910,631          
    Net interest spread       $ 22,320,024   2.70 %       $ 16,903,596   2.22 %  
    Net interest margin           3.48 %           3.11 %  
                               
    (1 )   Excludes investments in bank stock (Federal Reserve Bank, Federal Home Loan Bank, and First National Bankers Bankshares).
                               

    The MIL Network –

  • MIL-OSI Russia: New air route to Russia launched in China’s Yantai

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 15 (Xinhua) — Two tourist charters from Khabarovsk and Vladivostok landed safely in Yantai City, east China’s Shandong Province, on July 12.

    According to the Yantai City Culture and Tourism Administration, after the planes landed at Penglai International Airport, a welcoming ceremony was held for the Russian tourists who had planned to spend their summer vacation in the Chinese city.

    The new Vladivostok-Yantai charter route is the second direct tourist airline with Russia opened by the city after the launch of the Khabarovsk-Yantai flight in 2024.

    It is reported that 20 inbound tourism charter flights are planned between Khabarovsk/Vladivostok and Yantai from July 12 to September 13, 2025, which will not only provide Russian tourists with more convenient transportation options, but also give new impetus to the Yantai inbound tourism market, deepening cultural and tourism exchanges and cooperation between China and Russia.

    The launch of the airlines has become an important achievement for Yantai in using the visa-free transit policy and actively expanding the international tourism market. The new charter flights not only provide Russian guests with a rich holiday on the Chinese coast, but also create new opportunities to improve Yantai’s global rating and promote high-quality development of the local cultural and tourism industry. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: China-Russia Intangible Cultural Heritage Fair Held in Border City of Heihe

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 15 (Xinhua) — The China-Russia Intangible Cultural Heritage Fair was held in Heihe, Heilongjiang Province, from July 12 to 14, showcasing the rich folk arts of the two countries, according to the city’s Department of Culture, Radio, Television and Tourism.

    On the Chinese side, the event was attended by heirs of 11 intangible cultural heritage sites of various levels, while the fair brought together 24 artists engaged in decorative and applied arts from 12 regions of the Russian Federation, including Moscow, Kamchatka Krai, Magadan Oblast, the Republic of Buryatia and Amur Oblast.

    At the exhibition within the framework of the fair, visitors saw paintings made of fish skin, various birch bark products, stone microminiatures, etc., the manufacturing technique of which is related to the intangible cultural heritage in China. Meanwhile, Russian artisans presented unique wooden dolls, wood and stone carvings, ceramic dishes, sculpture, etc.

    At the fair, Russian artists opened several master classes, during which visitors were able to try making traditional Yakut amulets, textile folk dolls, etc. with their own hands.

    In addition, the heirs of intangible cultural heritage and invited guests from both countries conducted an in-depth exchange of experiences and organized a dialogue on the topic of preserving, inheriting and innovative development of traditional handicrafts.

    The three-day event, which aimed to promote intangible cultural heritage exchanges between China and Russia, attracted thousands of local residents as well as domestic and foreign tourists, promoting the sale of arts and crafts, the department said in a statement. -0-

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

    .

    MIL OSI Russia News –

  • MIL-OSI Africa: Cameroon’s Economic Update: Harnessing Forests and Natural Wealth for Sustainable Growth

    Source: APO


    .

    The World Bank Group today launched the 2025 Cameroon Economic Update, titled ‘’Cameroon’s Green Gold: Unlocking the Value of Forests and Natural Capital’’. The report provides a comprehensive analysis of the nation’s recent economic developments, medium-term outlook, and the critical role of wealth accounting in assessing the country’s economic performance. The report places a special emphasis on the importance of sustainable forests and natural resources management as drivers of inclusive and resilient development.

    According to the report, Cameroon’s GDP grew by 3.5% in 2024, up from 3.2% in 2023, driven by rising cocoa prices, enhanced cotton yields, and improved power supply. Average inflation declined sharply from 7.4% to 4.5% between 2023 and 2024, thanks to tighter monetary policy, price controls, and reduced import inflation. The current account deficit narrowed from 4.1% to 3.4% of GDP%, mainly due to the cocoa price surge. However, the overall fiscal deficit widened to 1.5% of GDP, compared to 0.7% of GDP in 2023, due to a slippage in current expenditures and weaker-than-expected revenues. Public debt rose slightly from 46.1% to 46.8% of GDP, with most of this increase in the form of external debt.

    The medium-term outlook is moderately positive, with an anticipated average real GDP growth of 3.9% from 2025 to 2028, supported by improved power generation and increased public investment – particularly in the construction sector. Average inflation is expected to decline further, reaching the 3% CEMAC convergence criteria by 2027. However, the current account deficit is expected to increase at around 4.0% of GDP over the medium term, due to declining oil production and prices, mixed results from government industrial policies, and increased inputs as a result of higher public and private investment. While Cameroon’s external and overall public debt are expected to remain sustainable, the country faces a high risk of debt distress due to liquidity issues.

    “Cameroon’s economy has demonstrated resilience amidst external shocks, yet multiple structural weaknesses – particularly infrastructure gaps – impede its potential,” said Robert Utz, World Bank Lead Country Economist and one of the report’s authors. ‘’A bold fiscal reform agenda is imperative to bridge those gaps and boost economy-wide productivity.”

    The report also introduces national wealth accounting as a critical tool for policy makers to better understand Cameroon’s economic capacity to generate future income and sustain development. Although total national wealth grew from $311 billion in 1995 to $553 billion in 2020, national wealth per capita declined by 11% over the same period. Adjusted net savings (ANS) – a broader picture of a nation’s economic sustainability – was moderately negative between 2010 and 2020, suggesting that Cameroon is depleting its wealth slightly faster than it is accumulating new assets. Forest depletion accelerated dramatically after 2010, with the conversion of lowland forests for agricultural use between 2010 and 2020, five times the rate of the previous decade. At the same time, the ecological condition of Cameroon’s forests has deteriorated significantly, with satellite data showing declines in tree height, canopy cover, forest connectivity, and landscape naturalness

    “To minimize the environmental impact of growth and preserve natural wealth, Cameroon could prioritize its high-value, vulnerable ecosystems and transition to a forest-based service economy, leveraging ecotourism, medicinal services with its unique flora, and forest-based knowledge,” said Cheick F. Kanté, World Bank Division Director for Cameroon, Central African Republic, the Republic of Congo, Gabon and Equatorial Guinea.

    The report underscores that to achieve its goal of becoming an emerging economy by 2035, Cameroon must diversify beyond primary commodities. With one of Africa’s most unique ecosystems, a competitive tourism sector could become a key driver of growth and employment—leveraging natural capital that few other countries can match.

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

    MIL OSI Africa –

  • MIL-OSI Asia-Pac: CS visits Hainan Province (with photos/video)

    Source: Hong Kong Government special administrative region – 4

    The Chief Secretary for Administration, Mr Chan Kwok-ki, began his visit to Hainan Province yesterday (July 14).
     
    Mr Chan first met with the Party Secretary and Chairman of the Hainan Provincial Committee of the Chinese People’s Political Consultative Conference, Mr Li Rongcan, in Haikou to exchange views on the latest developments in the two places, and discuss promoting and deepening the partnership between Hong Kong and Hainan Province. Mr Chan said that there is a frequent flow of people, logistics and capital between the two places, and with the signing of a Memorandum of Understanding between the two governments in March this year, the exchanges between Hong Kong and Hainan Province will be closer in future. Hong Kong will fully leverage its unique advantage of being backed by the motherland and connected to the world under the “one country, two systems” principle, and will work with Hainan Province to achieve results attributable to the two places’ advantages, deepen economic, trade and cultural exchanges, and make greater contributions to the country’s high-quality development and high-level opening up.
     
    Mr Chan then visited the Hainan Chronicles Museum to learn about the patriotic and revolutionary tradition education work there as well as the construction and development progress of the Hainan Special Economic Zone and Hainan as an international tourism island. Mr Chan then departed for Wenchang to meet with the Secretary of the CPC Wenchang Municipal Committee, Mr Wang Peng. Mr Chan introduced the latest situation of Hong Kong, and exchanged views with Mr Wang on further promoting exchanges between the two places and exploring more co-operation and development opportunities.
     
    Mr Chan visited the Wenchang Yaoguang Rocket Viewing Platform early today (July 15) to join a science exploration activity of the Hainan Aerospace Science and Research Study Tour under the Strive and Rise Programme. Mr Chan engaged with the participants and encouraged them to grasp this valuable learning opportunity to learn and understand the country’s robust developments and significant achievements in the field of aerospace. He also encouraged the participants to continue to work hard in the future to cultivate a sense of contributing to the country and serving the society, and become a new generation with a sense of social responsibility and contributions. Mr Chan said he believed that the experience of joining this meaningful aerospace science and research study tour will boost the participants’ sense of patriotism and national pride.
     
    Mr Chan will depart for Heilongjiang Province today.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CS visits Hainan Province (with photos/video)

    Source: Hong Kong Government special administrative region – 4

    The Chief Secretary for Administration, Mr Chan Kwok-ki, began his visit to Hainan Province yesterday (July 14).
     
    Mr Chan first met with the Party Secretary and Chairman of the Hainan Provincial Committee of the Chinese People’s Political Consultative Conference, Mr Li Rongcan, in Haikou to exchange views on the latest developments in the two places, and discuss promoting and deepening the partnership between Hong Kong and Hainan Province. Mr Chan said that there is a frequent flow of people, logistics and capital between the two places, and with the signing of a Memorandum of Understanding between the two governments in March this year, the exchanges between Hong Kong and Hainan Province will be closer in future. Hong Kong will fully leverage its unique advantage of being backed by the motherland and connected to the world under the “one country, two systems” principle, and will work with Hainan Province to achieve results attributable to the two places’ advantages, deepen economic, trade and cultural exchanges, and make greater contributions to the country’s high-quality development and high-level opening up.
     
    Mr Chan then visited the Hainan Chronicles Museum to learn about the patriotic and revolutionary tradition education work there as well as the construction and development progress of the Hainan Special Economic Zone and Hainan as an international tourism island. Mr Chan then departed for Wenchang to meet with the Secretary of the CPC Wenchang Municipal Committee, Mr Wang Peng. Mr Chan introduced the latest situation of Hong Kong, and exchanged views with Mr Wang on further promoting exchanges between the two places and exploring more co-operation and development opportunities.
     
    Mr Chan visited the Wenchang Yaoguang Rocket Viewing Platform early today (July 15) to join a science exploration activity of the Hainan Aerospace Science and Research Study Tour under the Strive and Rise Programme. Mr Chan engaged with the participants and encouraged them to grasp this valuable learning opportunity to learn and understand the country’s robust developments and significant achievements in the field of aerospace. He also encouraged the participants to continue to work hard in the future to cultivate a sense of contributing to the country and serving the society, and become a new generation with a sense of social responsibility and contributions. Mr Chan said he believed that the experience of joining this meaningful aerospace science and research study tour will boost the participants’ sense of patriotism and national pride.
     
    Mr Chan will depart for Heilongjiang Province today.

    MIL OSI Asia Pacific News –

  • MIL-OSI Russia: The government has extended the implementation period of the program for the socio-economic development of Crimea and Sevastopol

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    The decision was made on the instructions of the President.

    Document

    Order dated July 14, 2025 No. 1900-r

    The implementation period of the state program “Socio-economic development of the Republic of Crimea and the city of Sevastopol” has been extended until 2030. The order to this effect was signed by the Chairman of the Government Mikhail Mishustin. The previous version of the state program assumed the completion of its activities in 2027.

    Continuing the implementation of the state program will make it possible to create new educational and medical institutions, build more than 160 km of gas supply and distribution networks, repair 628 km of water supply and sanitation networks, and bring more than 1.2 thousand km of roads into compliance. It is also planned to implement projects to create six tourist infrastructure facilities and carry out major repairs to five cultural heritage sites.

    In addition, it is planned to complete the development of part of the exits from the Tavrida highway, continue the construction of treatment facilities for the medical cluster facilities in Sevastopol, and finance the restoration of coastal protection structures located in Crimea and on the territory of the yacht marina in Sevastopol.

    The President instructed the Government to ensure the extension of the state program implementation period until 2030 following a meeting devoted to issues of socio-economic development of the Republic of Crimea and Sevastopol. It took place in January 2025.

    “With the support of the President and the Prime Minister, we are creating the necessary conditions for a comfortable life on the Crimean Peninsula. Over the years of the state program for the development of Crimea and Sevastopol, more than 700 objects and events have been completed, which have eliminated basic infrastructure restrictions on the peninsula, including ensuring the energy security of the region, transport accessibility with the mainland of Russia. It is important that the program works comprehensively: it not only modernizes the infrastructure, but also creates new opportunities for business – for this, a free economic zone is in place. Extending the program until 2030 is an important step to complete the projects that have been started and launch new ones. We are planning large-scale work: from road construction to modernization of social facilities. This will improve the quality of life of people and give an additional boost to the region’s economy,” said Deputy Prime Minister Marat Khusnullin.

    The signed document introduces changes toGovernment Order of November 11, 2010 No. 1950-r.

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

    MIL OSI Russia News –

  • MIL-Evening Report: No more card surcharges: what the Reserve Bank’s proposed changes mean for your wallet

    Source: The Conversation (Au and NZ) – By Angel Zhong, Professor of Finance, RMIT University

    That extra 10c on your morning coffee. That $2 surcharge on your taxi ride. The sneaky 1.5% fee when you pay by card at your local restaurant. These could all soon be history.

    The Reserve Bank of Australia (RBA) has proposed a sweeping reform: abolishing card payment surcharges. The central bank says it’s in the public interest to scrap the system and estimates consumers could collectively save $1.2 billion annually.

    But like all major financial reforms, the devil is in the detail.

    The 20-year experiment is over

    Surcharging was introduced more than two decades ago to expose the true cost of different payment methods. In the early 2000s, card fees were high, cash was king, and surcharges helped nudge consumers toward lower-cost options.

    But fast-forward to 2025, and the payments ecosystem has changed dramatically. Cash now accounts for just 13% of in-person transactions, and the shift to contactless payments, accelerated by the pandemic, has made cards the default for most Australians.

    When there’s no real alternative, a surcharge becomes less a useful price signal and more a penalty for convenience.

    After an eight month review, the bank’s Payments System Board has concluded the surcharge model no longer works in a predominantly cashless economy. The proposal now on the table is to phase out surcharges and instead push for simplified, all-inclusive pricing.

    Who saves – and who pays?

    At first glance, removing surcharges looks like a win for consumers. Every household could save about $60 per year, based on the RBA’s estimates. But payment costs don’t vanish – they shift.

    This is where the Reserve Bank’s proposal is more sophisticated than it may appear. Alongside banning surcharges, it plans to lower interchange fees (the fees merchants pay to card networks like Visa and Mastercard) and introduce caps on international card transactions.

    These changes aim to reduce the burden on merchants, which in turn limits the pressure to raise prices.

    Could prices still rise?

    Some worry that without surcharges, businesses will simply embed the costs into product prices. That’s possible. However, the bank estimates this would result in only a 0.1 percentage point increase in consumer prices overall.

    There are three reasons for that:

    1. most merchants already don’t surcharge, especially small businesses. Of them, 90% may have included card costs in their pricing

    2. competition keeps pricing in check. Retailers in competitive markets can’t raise prices without risking customers

    3. transparency is coming. The reforms will require payment providers to disclose fees more clearly, allowing merchants to compare and switch – fostering more competition and lower costs.

    That said, the effects won’t be felt evenly. Merchants in sectors that do currently surcharge, like hospitality, transport, and tourism, will need to rethink their pricing strategies. Some may absorb costs; others may pass them on.

    The winners

    Consumers stand to benefit most. They’ll avoid surprise fees at checkout, won’t need to switch payment methods to dodge surcharges, and won’t have to report excessive fees to the Australian Consumer and Competition Commission. Combined with lower interchange fees, this means consumers should face less friction and more predictable pricing.

    About 90% of small businesses don’t currently surcharge and would gain around $185 million in net benefits. These businesses often pay higher interchange fees, so the reform will reduce their costs. New transparency requirements will also make it easier to find better deals from payment service providers (PSPs).

    Large businesses already receive lower domestic interchange rates, but they’ll benefit from new caps on foreign-issued card transactions, which is a win for those in e-commerce and tourism.

    The losers

    Banks that issue cards stand to lose about $900 million in interchange revenue under the preferred reform package. Some may respond by raising cardholder fees or cutting rewards, especially on premium credit cards. But they may also gain from increased credit card use as surcharges disappear.

    The 10% of small and 12% of large merchants who currently surcharge will have to adjust. They may face retraining costs and need to revise their pricing strategies.
    Most will be able to adapt, but the transition won’t be cost-free.

    Payment service providers will face about $25 million in compliance costs to remove surcharges and provide clearer fee breakdowns. For some, this may involve significant system changes, though one-off in nature.

    Will it work?

    The Reserve Bank’s proposal tackles real problems: an outdated surcharge model, opaque pricing by payment service providers, and bundling of unrelated services into payment fees. Its success depends on how well these reforms are implemented and whether they deliver real price transparency and lower costs.

    Removing visible price signals may create cross-subsidisation, where users of low-cost debit cards subsidise those who use high-cost rewards credit cards. Some economists argue this could reduce overall efficiency in the system.

    International experience offers mixed lessons. While the European Union and United Kingdom banned most surcharges years ago, outcomes have varied depending on market conditions. Efficiency gains haven’t always followed, and small business concerns persist.

    The road ahead

    The Reserve Bank is seeking feedback until August 26, with a final decision due by year-end. If adopted, the reform will be phased in, allowing time for businesses to adapt.

    For consumers, this may mark the end of hidden payment fees. But for the broader system, success will depend on more than just eliminating surcharges. It will require meaningful competition, transparency, and vigilance during the transition.

    While not a major omission, mobile wallets (such as Apple Pay) and Buy Now, Pay Later (BNPL) services represent a missing component in the broader payments ecosystem that the current reforms do not yet address.

    These platforms operate outside the traditional regulatory framework, often imposing higher merchant fees and lacking the transparency applied to card networks.

    Their growing popularity, especially among younger consumers, means they increasingly shape payment behaviour and merchant cost structures. To build a truly future-ready and equitable payments system, these emerging models may need to be brought into the regulatory fold.

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

    – ref. No more card surcharges: what the Reserve Bank’s proposed changes mean for your wallet – https://theconversation.com/no-more-card-surcharges-what-the-reserve-banks-proposed-changes-mean-for-your-wallet-261165

    MIL OSI Analysis – EveningReport.nz –

  • Madhya Pradesh CM wraps up Dubai visit with strong investment pitch and strategic partnerships

    Source: Government of India

    Source: Government of India (4)

    Madhya Pradesh Chief Minister Dr. Mohan Yadav wrapped up his three-day official visit to the United Arab Emirates today, delivering a compelling investment pitch that’s already generating significant interest from global investors. The Chief Minister’s packed Dubai schedule included high-level meetings with UAE government officials, business leaders, and Indian diaspora members,  all focused on positioning Madhya Pradesh as India’s next major investment destination.

    At the ‘Madhya Pradesh Business Investment Forum‘ hosted alongside the Indian Business and Professional Council, Dr. Yadav made his case directly to potential investors. “Madhya Pradesh invites you to invest, with endless possibilities in all sectors,” he declared, highlighting the state’s new business-friendly policies and commitment to adapting to entrepreneur needs. The Chief Minister’s promise? Businesses can launch operations within just thirty days, thanks to a dedicated Investment Facilitation Cell, reduced red tape, and a transparent land allotment system.

    The numbers tell the story. Senior officials outlined the Industrial Policy 2025 and MSME Policy 2025, offering up to fifty percent support on capital expenses, complete stamp duty exemptions, and targeted subsidies across green infrastructure, research and development, exports, and industrial housing. Additional Chief Secretary Sanjay Dubey made a striking claim about the state’s high-tech push into semiconductors, space technology, and deeptech sectors. “On day one, investors in our data center sector can be cash-positive. That’s the kind of policy backing we offer,” he announced, revealing plans for new Centres of Excellence and innovative funding models.

    Consul General of India in Dubai, Satish Kumar Sivan, placed the visit in broader context, calling the India-UAE relationship “one of the most consequential bilateral partnerships in the world today.” He pointed to the dramatic surge in trade since the 2022 Comprehensive Economic Partnership Agreement, emphasizing Madhya Pradesh’s competitive advantages in agriculture, renewables, tourism, and digital economy. New opportunities are emerging too… including Bharat Mart, a logistics platform for Indian small businesses launching in Jebel Ali, and the integration of India’s UPI payment system with the UAE’s AANI network.

    The Chief Minister’s diplomatic offensive included a crucial meeting with UAE Minister of State for Foreign Trade Dr. Thani Bin Ahmed Al Zeyoudi, plus corporate discussions with heavyweights like Emirates, Lulu Group, DP World, Texmas, G42, Sharaf DG, Tata Group, and Gulf Islamic Investments. Dr. Yadav also toured key facilities including the BAPS Hindu Mandir and Dubai Textile City, culminating in a significant MoU signing with Texmas to strengthen textile and industrial collaboration.

    The visit balanced business with community engagement. A cultural and networking event at JW Marriott brought together the Indian diaspora, while a tourism investment roundtable and business forum featured detailed presentations from state officials. “Madhya Pradesh, with its strength in food processing, textiles, green energy, wellness, and startups, is ready to become a hub for global business,” Dr. Yadav concluded, expressing confidence that this visit marks the beginning of a new chapter in UAE-MP economic cooperation.

    The Chief Minister’s Dubai mission appears to have struck the right chord with investors and officials alike, setting the stage for what could be a significant expansion of economic ties between the UAE and one of India’s fastest-growing states.

  • MIL-OSI Russia: Yuri Trutnev: “Primorye is a bridge to the future”: the region is preparing for the exhibition “Far East Street” as part of the VEF

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Primorsky Krai will present current and new investment projects, tourist attractions and transport and logistics opportunities at the Far East Street exhibition, which will be held from September 3 to 9 as part of the tenth anniversary Eastern Economic Forum in Vladivostok. The concept of the pavilion this year is Primorye – the Bridge of the Future. The exhibition is organized by the Roscongress Foundation with the support of the Office of the Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District.

    “Vladivostok, the capital of the Far Eastern Federal District, will once again welcome participants and guests of the Eastern Economic Forum. The Primorsky Territory exposition is one of the brightest and key ones at the Far East Street exhibition. Primorye is the leader in the district in terms of the number of investment projects being implemented. The key instrument for the strategic development of Primorye is the implementation of master plan activities for six cities. They will allow for a qualitative change in urban infrastructure and improve people’s lives. The development of social infrastructure is being carried out through the presidential single subsidy. The regional pavilion will tell about all of this. The region will also present a vision of the future, what this region will do to remain attractive to investors, so that as many Russians and residents of other countries as possible can visit and fall in love with the Far Eastern lands,” said Deputy Prime Minister – Presidential Plenipotentiary Representative in the Far Eastern Federal District, Chairman of the Organizing Committee of the Eastern Economic Forum Yuri Trutnev.

    The Primorsky Krai exposition positions the region as a link between countries, continents and cultures. It is a territory of opportunities where large-scale projects in the field of tourism, logistics, industry and technology are implemented.

    “Primorye is actively preparing for the anniversary, tenth Eastern Economic Forum – the main international event of the Asia-Pacific region. And of course, it is important for us to once again present our region from an interesting side. The EEF is, first of all, attracting investors for the development of Primorye and the entire Russian Far East. This time, we will tell potential partners about the areas in which it is profitable to cooperate with us, where to apply their efforts for the stable development of business in Primorsky Krai – one of the most dynamically developing regions of the Far Eastern Federal District. Our region has enormous potential in industry and logistics, agriculture and science, tourism and culture. We invite Russian and foreign guests to the Primorye pavilion, where our most striking projects will be presented,” said Oleg Kozhemyako, Governor of Primorsky Krai.

    The general concept of the pavilion “Primorye – a bridge to the future” symbolizes the connection between the past and the future, East and West, openness to partnership, investment and innovation. The pavilion tells how the unique geographical location, natural resources and human potential make Primorsky Krai attractive for business, tourism and life over several historical eras.

    The main exhibition embodies an open space of possibilities, where each zone is self-sufficient and autonomous in meaning, but at the same time supports the overall concept of the pavilion and tells about the key industries and projects of Primorsky Krai. The exterior design is inspired by the nature of the region, the wave line and seascapes. Inside, the pavilion is decorated with modern materials and many interactive multimedia tools.

    Thematic zones of the region’s stand at EEF-2025 demonstrate the evolution of key industries and social transformations of Primorye with an emphasis on the region’s main achievements over the past 13 years. In honor of the 80th anniversary of Victory in the Great Patriotic War, each site will contain references and evidence of the contribution of Vladivostok and Primorye to achieving the Great Victory.

    The pavilion will feature a stand dedicated to sports projects and achievements of Primorsky Krai. Information will be posted about the curling center, the center for artistic and rhythmic gymnastics in Vladivostok, the federal-level ski resort in Arsenyev, and the development of water sports in the region. Special attention will be paid to how measures were taken to physically prepare the population in Primorsky Krai during the Great Patriotic War: sports events and competitions in football, skiing, including military ski training and multi-day ski trips, cross-country running, and obstacle course running were actively held. Primorye preserves and develops these traditions, consistently expanding its sports infrastructure and implementing physical education and sports programs.

    A separate part of the exhibition will tell about key investment projects, special programs and government support measures in Primorye. The immersive zone “Transport, logistics, turn to the East” is equipped with panoramic screens and ceiling projectors that create a realistic audiovisual space. In this zone, visitors will be told about the unique geographical location of Primorsky Krai, whose Vladivostok port played a key role in ensuring supplies under the Lend-Lease program from the United States of America in 1941-1945.

    In the Culture and Tourism zone, visitors will find a table with physical volumetric models of key cultural, educational and tourist sites in Primorsky Krai. A virtual tour guide will tell visitors about the projects and related programs. The key objects and initiatives on the model are the museum and theater complex on the Eagle’s Nest hill, the preservation of the Vladivostok Fortress Museum-Reserve, and the third season of the All-Russian competition for the best trip.

    The Industry, Bolshoy Kamen Industrial Park zone will introduce the pavilion’s guests to the key enterprises of Primorsky Krai. An interactive hologram will allow you to choose an industrial project, after which robotic manipulators will be set in motion, demonstrating a 3D model of the object with its technical characteristics. The information will be presented in historical perspective – from the period of the Great Patriotic War to modern projects and production.

    A “Science” zone will also be created. The space will demonstrate leading scientific areas, institutes and achievements of Primorye, including promising startups and innovative developments that are important for the technological development and security of the country.

    The “SVO, GO and Emergencies” space will tell about the contribution of Primorsky Krai to the military-industrial complex of Russia, ensuring information and security of the population, as well as participation in a special military operation. The section will show animated videos telling about Primorye residents – heroes of the Great Patriotic War, as well as about modern soldiers participating in the SVO. The format of the materials – from documentary biographies to artistic sketches reflecting the strength of spirit, courage and dedication of the people.

    The Primorsky Krai pavilion will traditionally feature daytime and evening programs. The theme of the events on the first day of the EEF-2025 will be the end of World War II. The patriotic program will feature creative groups, performers, and brass bands from the region.

    In addition, the stand is planned to illustrate the theme of beekeeping development in the region. The site will be decorated with an animated interactive composition emphasizing the popularity and healing qualities of Primorsky linden honey.

    Various master classes in decorative and applied arts will be organized and offered to guests. The evening program will feature performances by popular regional cover and rock bands, as well as a performance by the instrumental rhythm group of the Variety Orchestra of the Primorsky Regional Philharmonic.

    The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Yuri Trutnev: “Primorye is a bridge to the future”: the region is preparing for the exhibition “Far East Street” as part of the VEF

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Primorsky Krai will present current and new investment projects, tourist attractions and transport and logistics opportunities at the Far East Street exhibition, which will be held from September 3 to 9 as part of the tenth anniversary Eastern Economic Forum in Vladivostok. The concept of the pavilion this year is Primorye – the Bridge of the Future. The exhibition is organized by the Roscongress Foundation with the support of the Office of the Plenipotentiary Representative of the President of the Russian Federation in the Far Eastern Federal District.

    “Vladivostok, the capital of the Far Eastern Federal District, will once again welcome participants and guests of the Eastern Economic Forum. The Primorsky Territory exposition is one of the brightest and key ones at the Far East Street exhibition. Primorye is the leader in the district in terms of the number of investment projects being implemented. The key instrument for the strategic development of Primorye is the implementation of master plan activities for six cities. They will allow for a qualitative change in urban infrastructure and improve people’s lives. The development of social infrastructure is being carried out through the presidential single subsidy. The regional pavilion will tell about all of this. The region will also present a vision of the future, what this region will do to remain attractive to investors, so that as many Russians and residents of other countries as possible can visit and fall in love with the Far Eastern lands,” said Deputy Prime Minister – Presidential Plenipotentiary Representative in the Far Eastern Federal District, Chairman of the Organizing Committee of the Eastern Economic Forum Yuri Trutnev.

    The Primorsky Krai exposition positions the region as a link between countries, continents and cultures. It is a territory of opportunities where large-scale projects in the field of tourism, logistics, industry and technology are implemented.

    “Primorye is actively preparing for the anniversary, tenth Eastern Economic Forum – the main international event of the Asia-Pacific region. And of course, it is important for us to once again present our region from an interesting side. The EEF is, first of all, attracting investors for the development of Primorye and the entire Russian Far East. This time, we will tell potential partners about the areas in which it is profitable to cooperate with us, where to apply their efforts for the stable development of business in Primorsky Krai – one of the most dynamically developing regions of the Far Eastern Federal District. Our region has enormous potential in industry and logistics, agriculture and science, tourism and culture. We invite Russian and foreign guests to the Primorye pavilion, where our most striking projects will be presented,” said Oleg Kozhemyako, Governor of Primorsky Krai.

    The general concept of the pavilion “Primorye – a bridge to the future” symbolizes the connection between the past and the future, East and West, openness to partnership, investment and innovation. The pavilion tells how the unique geographical location, natural resources and human potential make Primorsky Krai attractive for business, tourism and life over several historical eras.

    The main exhibition embodies an open space of possibilities, where each zone is self-sufficient and autonomous in meaning, but at the same time supports the overall concept of the pavilion and tells about the key industries and projects of Primorsky Krai. The exterior design is inspired by the nature of the region, the wave line and seascapes. Inside, the pavilion is decorated with modern materials and many interactive multimedia tools.

    Thematic zones of the region’s stand at EEF-2025 demonstrate the evolution of key industries and social transformations of Primorye with an emphasis on the region’s main achievements over the past 13 years. In honor of the 80th anniversary of Victory in the Great Patriotic War, each site will contain references and evidence of the contribution of Vladivostok and Primorye to achieving the Great Victory.

    The pavilion will feature a stand dedicated to sports projects and achievements of Primorsky Krai. Information will be posted about the curling center, the center for artistic and rhythmic gymnastics in Vladivostok, the federal-level ski resort in Arsenyev, and the development of water sports in the region. Special attention will be paid to how measures were taken to physically prepare the population in Primorsky Krai during the Great Patriotic War: sports events and competitions in football, skiing, including military ski training and multi-day ski trips, cross-country running, and obstacle course running were actively held. Primorye preserves and develops these traditions, consistently expanding its sports infrastructure and implementing physical education and sports programs.

    A separate part of the exhibition will tell about key investment projects, special programs and government support measures in Primorye. The immersive zone “Transport, logistics, turn to the East” is equipped with panoramic screens and ceiling projectors that create a realistic audiovisual space. In this zone, visitors will be told about the unique geographical location of Primorsky Krai, whose Vladivostok port played a key role in ensuring supplies under the Lend-Lease program from the United States of America in 1941-1945.

    In the Culture and Tourism zone, visitors will find a table with physical volumetric models of key cultural, educational and tourist sites in Primorsky Krai. A virtual tour guide will tell visitors about the projects and related programs. The key objects and initiatives on the model are the museum and theater complex on the Eagle’s Nest hill, the preservation of the Vladivostok Fortress Museum-Reserve, and the third season of the All-Russian competition for the best trip.

    The Industry, Bolshoy Kamen Industrial Park zone will introduce the pavilion’s guests to the key enterprises of Primorsky Krai. An interactive hologram will allow you to choose an industrial project, after which robotic manipulators will be set in motion, demonstrating a 3D model of the object with its technical characteristics. The information will be presented in historical perspective – from the period of the Great Patriotic War to modern projects and production.

    A “Science” zone will also be created. The space will demonstrate leading scientific areas, institutes and achievements of Primorye, including promising startups and innovative developments that are important for the technological development and security of the country.

    The “SVO, GO and Emergencies” space will tell about the contribution of Primorsky Krai to the military-industrial complex of Russia, ensuring information and security of the population, as well as participation in a special military operation. The section will show animated videos telling about Primorye residents – heroes of the Great Patriotic War, as well as about modern soldiers participating in the SVO. The format of the materials – from documentary biographies to artistic sketches reflecting the strength of spirit, courage and dedication of the people.

    The Primorsky Krai pavilion will traditionally feature daytime and evening programs. The theme of the events on the first day of the EEF-2025 will be the end of World War II. The patriotic program will feature creative groups, performers, and brass bands from the region.

    In addition, the stand is planned to illustrate the theme of beekeeping development in the region. The site will be decorated with an animated interactive composition emphasizing the popularity and healing qualities of Primorsky linden honey.

    Various master classes in decorative and applied arts will be organized and offered to guests. The evening program will feature performances by popular regional cover and rock bands, as well as a performance by the instrumental rhythm group of the Variety Orchestra of the Primorsky Regional Philharmonic.

    The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

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

    MIL OSI Russia News –

  • MIL-Evening Report: President Xi Jinping tells Albanese China ready to ‘push the bilateral relationship further’

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Chinese President Xi Jinping has told Anthony Albanese China stands ready to work with Australia “to push the bilateral relationship further”, in their meeting in Beijing on Tuesday.

    During the meeting, Albanese raised Australia’s concern about China’s lack of proper notice about its warships’ live fire exercise early this year.

    The prime minister later told journalists Xi had responded that “China engaged in exercises, just as Australia engages in exercises”.

    The government’s proposed sale of the lease of the Port of Darwin, now in the hands of a Chinese company, was not raised in the discussion.

    On Taiwan, Albanese said he had “reaffirmed […] the position of Australia in support for the status quo”.

    This was the fourth meeting between Xi and Albanese. The prime minister is on a six-day trip to China, accompanied by a business delegation. He is emphasising expanding trade opportunities with our biggest trading partner and attracting more Chinese tourists, whose numbers are not back to pre-pandemic levels.

    Albanese has come under some domestic criticism because this trip comes before he has been able to secure a meeting with United States President Donald Trump.

    In his opening remarks, while the media were present, Xi said the China-Australia relationship had risen “from the setback and turned around, bringing tangible benefits to the Chinese and Australian peoples”.

    “The most important thing we can learn from this is that a commitment to equal treatment, to seeking common ground while sharing differences, pursuing mutually beneficial cooperation, serves the fundamental interests of our two countries and two peoples.

    “No matter how the international landscape may evolve, we should uphold this overall direction unswervingly,” he said.

    “The Chinese side is ready to work with the Australian side to push the bilateral relationship further and make greater progress so as to bring better benefits to our two peoples.”

    Responding, Albanese noted Xi’s comments “about seeking common ground while sharing differences. That approach has indeed produced very positive benefits for both Australia and for China.

    “The Australian government welcomes progress on cooperation under the China-Australia Free Trade Agreement, which has its 10th anniversary year. As a direct result, trade is now flowing freely to the benefit of both countries and to people and businesses on both sides, and Australia will remain a strong supporter of free and fair trade.”

    Albanese told the media after the meeting his government’s approach to the relationship was “patient, calibrated and deliberate”.

    “Given that one out of four Australian jobs depends on trade and given that China is overwhelmingly by far the largest trading partner that Australia has, it is very much in the interest of Australian jobs, and the Australian economy, to have a positive and constructive relationship with China.

    “Dialogue is how we advance our interests, how we manage our differences, and we guard against misunderstanding.

    “President Xi Jinping and I agreed dialogue must be at the centre of our relationship. We also discussed our economic relationship, which is critical to Australia. We spoke about the potential for new engagement in areas such as decarbonisation”.

    Xi did not bring up China’s complaints about Australia’s foreign investment regime.

    Albanese said he raised the issue of Australian writer Yang Jun, who is incarcerated on allegations of espionage, which are denied.

    Premier Li Qiang was hosting a banquet for Albanese on Tuesday night.

    An editorial in the state-owned China Daily praised the Albanese visit, saying it showed “the Australian side has a clearer judgement and understanding of China than it had under previous Scott Morrison government”.

    “The current momentum in the development of bilateral relations between China and Australia shows that if differences are well managed, the steady development of ties can be guaranteed , even at a time when the political landscape of the world is becoming increasingly uncertain and volatile,” the editorial said.

    Australian journalists had a brush with Chinese security, when they were taking shots of local sights in Beijing. Security guards surrounded them and told them to hand over their footage. The incident was resolved by Australian officials.

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

    – ref. President Xi Jinping tells Albanese China ready to ‘push the bilateral relationship further’ – https://theconversation.com/president-xi-jinping-tells-albanese-china-ready-to-push-the-bilateral-relationship-further-261094

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: What motivates Russians to travel to the Chinese resort city of Qinhuangdao by rail

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 15 (Xinhua) — Who doesn’t want to vacation at a seaside resort during the peak summer season? With beautiful scenery, well-maintained beaches, a variety of cultural and entertainment events and modern service infrastructure, China’s Qinhuangdao has everything to attract tourists looking to escape the summer heat.

    The summer resort of Qinhuangdao in Hebei Province in northern China is popular not only among Chinese, but also among foreigners. According to statistics, last year Beidaihe, one of the districts of Qinhuangdao, was visited by about 30.9 thousand foreign tourists, including 24.5 thousand Russians.

    As for Russians, especially residents of the Far East and Siberia, one more advantage of the Chinese resort city for them should be added – geographical proximity. The flight time from Vladivostok to Qinhuangdao is about two and a half hours.

    Russians have another option to get to Qinhuangdao. Since the beginning of last month, about 3,000 Russian tourists have entered China through the Manzhouli checkpoint and have gone on train tours from there.

    The Manzhouli checkpoint is located in the city of the same name in the Inner Mongolia Autonomous Region, which borders on Russia’s Zabaikalsky Krai. According to the press service of the city’s government, 180 foreigners recently traveled from Manzhouli to the city of Qinhuangdao on the K1302 high-speed passenger train.

    Train K1302 Manzhouli-Beijing departs at 09:07 and arrives in Qinhuangdao the following day.

    Compared with air travel, rail travel does not save time, but it does save on ticket costs. The cost of a reserved seat train ticket on the Manzhouli-Qinhuangdao route starts from 363 yuan /about 4,000 rubles/, and in a compartment – 572 yuan /6,000 rubles/.

    The 24-hour train journey can be quite impressive for passengers who have never visited China before. During the day, the train offers idyllic views of blue skies and the vast Hulunbuir steppe with its flocks of sheep, while in the evening, when the train stops at Qiqihar and Daqing in Heilongjiang Province, passengers can admire the views of modern, densely populated cities.

    As the number of foreign travelers continues to increase, railway staff in Manzhouli are doing their utmost to assist them.

    A “green corridor” is opened for foreigners at the railway station. English- and Russian-speaking staff are on duty in the waiting room and on the platform. Passengers are also provided with free drinks, chargers and emergency medications.

    “We will continue to optimize service measures and improve service quality to ensure that passengers feel at home when traveling in China,” said Liu Ying, a station attendant. -0-

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

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    MIL OSI Russia News –