Category: Trade

  • MIL-OSI Africa: Navigating Discrete Manufacturing in South Africa Through Digitalisation (By De Wet Joubert)

    By De Wet Joubert, Operations & Strategic Projects Director, RS South Africa (https://Africa.RSDelivers.com)

    South Africa’s discrete manufacturing sector, which includes industries such as automotive, electronics, rail, and aerospace, faces mounting pressure from global competition, fragmented supply chains, and outdated infrastructure. In this complex environment, digitalisation is emerging not as a future consideration, but as a critical lever for survival, resilience, and growth.

    Manufacturers are grappling with inconsistent supply chains, where limited visibility can halt entire operations. In discrete environments where the failure to procure even a single component can delay or derail entire production runs, real-time supply chain data is is no longer a luxury, it is a necessity.

    By integrating Industrial Internet of Things (IIoT) sensors, smart data loggers, and blockchain-enabled tracking platforms, manufacturers can transform disjointed supply chains into agile ecosystems. This transition can be supported with industrial communication modules, IIoT gateways, and advanced inventory management tools, all available through RS South Africa’s extensive digital platform.

    Modernising infrastructure doesn’t require a full-scale overhaul. Legacy equipment such as traditional PLCs and Human Machine Interfaces (HMIs) are not obstacles, but opportunities for optimisation. With retrofit solutions like programmable logic controllers (e.g. Siemens LOGO! 8, Allen-Bradley Micro800), signal converters, and edge computing devices, manufacturers can equip existing machinery with smart capabilities. These upgrades extend equipment lifecycles and build toward fully connected environments without requiring massive capital expenditure.

    Yet, alongside this technology imperative, there is an urgent need to address the African skills gap. National research shows that many African manufacturers remain at the early stages of Industry 4.0 readiness, with a particular deficit in digital and systems integration skills.

    To meaningfully close South Africa’s industrial skills gap, we must strengthen collaboration between higher education and industry. Universities are making great strides in incorporating real-world scenarios and advanced technologies into their programmes, but industry must also play a more active role in embedding its requirements at grassroots level. At RS South Africa, we support this through technical enablement and educational outreach, from providing Arduino and automation kits to funding student-led projects. Combined with STEM engagement and soft skills development, these efforts help bridge the gap between academic learning and industry expectations, equipping future engineers with the tools and confidence to lead.

    A cornerstone of effective digital transformation is real-time decision-making, which is enabled by robust Manufacturing Operations Management (MOM) systems as a framework. Its implementation can be supported by offering plant monitoring hardware, data acquisition systems, and panel PCs capable of displaying live dashboards. These systems streamline operations and reduce waste, while also enabling quality control, predictive maintenance, and compliance tracking.

    Digitalisation is also a powerful tool for building resilience and sustainability. With South Africa facing ongoing energy constraints and growing Environmental, Social, and Governance (ESG) expectations, manufacturers are under pressure to operate leaner and smarter. The role of predictive analytics and IIoT-enabled systems in monitoring energy usage, scheduling maintenance, and automating efficiency improvements needs to be emphasised. Products such as power meters, energy monitoring kits, smart relays, and sensor-driven HVAC systems support manufacturers in meeting these efficiency and compliance goals.

    One of the standout examples of local transformation is the Gibela rail manufacturing facility in Gauteng. Through automation, local supplier development, and workforce training, the site has achieved high levels of local content and productivity. Such projects are proof that digitalisation, combined with long-term investment in people and technology, can drive inclusive and competitive industrial growth. Components essential to such advanced environments include control panels, terminal blocks, protective relays, and advanced safety switches.

    For example, RS South Africa’s framework for enabling digital transformation in discrete manufacturing is grounded in five key pillars: retrofitting legacy equipment with intelligent controls; delivering experiential, industry-aligned training; integrating MOM systems for real-time operational insight; deploying IIoT solutions across plant and supply chains; and ensuring executive-level commitment to sustained innovation.

    In a time of global industrial acceleration, African manufacturers that fail to adopt digital tools risk being outpaced by more connected and agile competitors. Digitalisation is no longer optional, it is essential. It offers the tools to improve productivity, build resilience, drive sustainability, and unlock new economic opportunities for the country’s industrial sector. 

    By partnering with manufacturers and suppliers on this journey, we remain committed to shaping the future of African manufacturing, supporting a shift from isolated to integrated systems, from reactive to predictive operations, and from traditional labour-driven methods to data-led intelligence. 


    REFERENCES:
    Driving Digital Transformation of the Economy in South Africa 
    The Socio-economic Impact of Gibela 
    A Winning Strategy for South African Businesses (https://apo-opa.co/4l6oOnh)

    Distributed by APO Group on behalf of RS South Africa.

    PR Contact Person – RS South Africa: 
    Princess Tlou 
    Communications & Content Specialist  
    RS South Africa  
    Princess.Tlou@rsgroup.com 
    +27 11 691 9366 

    Media Contact Person – NGAGE:  
    Thobile Ndlovu 
    Senior PR Account Executive 
    thobile@ngage.co.za  
    +27 11 867 7763  

    Further information is available via these links: 

    RS South Africa (https://apo-opa.co/4le3jB6)
    RS Africa Exports (https://Africa.RSDelivers.com)
    DesignSpark (https://apo-opa.co/4l6wqWR)
    RS Group plc (https://apo-opa.co/45RSWye)

    About RS:
    RS is a global product and service solutions provider for industrial customers, enabling them to operate efficiently and sustainably.  

    We operate in 36 markets, stock over 800,000 industrial and specialist products and list an additional five million relevant for our industrial customers, sourced from over 2,500 suppliers. This extensive range supports our customers across the industrial lifecycle of designing, building, and maintaining equipment and operations.  

    We enhance their experience through a tailored service model, leveraging our efficient physical, digital and process infrastructure sustainably. We combine a technically led and digitally enabled approach with an exceptional team of experts; ultimately, it’s our people that make the difference. 

    Our purpose, making amazing happen for a better world, reflects our focus on delivering results for people planet and profit.  

    RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in the year ended 31 March 2024 reported revenue of £2,942 million. 

    MIL OSI Africa

  • India’s ETF AUM grows over 5 times in 5 years, retail investor folios jump 11-fold: Report

    Source: Government of India

    Source: Government of India (4)

    India’s Exchange-Traded Funds (ETFs) have seen tremendous growth over the last five years, with total Assets Under Management (AUM) rising more than five times and retail investor folios increasing eleven-fold, a new report said on Wednesday.

    The total AUM of ETFs in India grew nearly 5.5 times between March 2020 and March 2025, according to a new report released by Zerodha Fund House.

    By the end of this period, ETFs accounted for Rs 8.38 lakh crore, making up around 13 per cent of the overall Rs 65.74 lakh crore mutual fund industry.

    In comparison, ETFs held only a 7 per cent share in 2020. This shows the growing popularity of ETFs as an investment option in the country.

    The number of retail folios in ETF schemes also saw massive growth — from just over 23 lakh in March 2020 to about 2.63 crore in March 2025.

    Retail investors now make up more than 97 per cent of all ETF folios — reflecting a sharp rise in awareness and trust in ETFs among common investors.

    “This study highlights the new era for Indian ETFs, marked by surging retail participation and expanding product diversity reflected in higher resultant volumes,” Vishal Jain, CEO, Zerodha Fund House said.

    The retail AUM itself has more than tripled in this five-year period, growing from Rs 5,335 crore to over Rs 17,800 crore.

    The total number of ETF offerings has also increased nearly threefold during this time.

    New products, including commodity ETFs like silver-backed funds introduced in 2022, have expanded the choices available to investors.

    Equity ETFs continue to dominate, with nearly 80 per cent of the total ETF AUM consistently coming from equity-linked instruments since 2020.

    The trading activity in ETFs has also grown rapidly. The trading volume rose from Rs 51,101 crore in FY 2019-20 to Rs 3.83 lakh crore in FY 2024-25 — a more than sevenfold jump.

    Notably, the volume more than doubled just in the last one year, pointing to growing liquidity and investor interest, as per the report.

    (IANS)

  • MIL-OSI Banking: DG Okonjo-Iweala welcomes President Halla Tómasdóttir of Iceland to the WTO

    Source: WTO

    Headline: DG Okonjo-Iweala welcomes President Halla Tómasdóttir of Iceland to the WTO

    Director-General Ngozi Okonjo-Iweala met with the President of Iceland, Halla Tómasdóttir, on 1 July at the WTO. They discussed the current uncertainty faced by global trade and the world economy and emphasized the importance of collective efforts to tackle global challenges. Both leaders reiterated the importance of the multilateral trading system and the need for reform and repositioning of the WTO. DG Okonjo-Iweala complimented Iceland on its strong economic performance and its active participation in the work of the WTO.

    MIL OSI Global Banks

  • MIL-OSI Banking: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Source: WTO

    Headline: DG Okonjo-Iweala underscores importance of partnerships to support LDCs

    Co-organized by Djibouti, Finland and the Executive Secretariat of the Enhanced Integrated Framework (EIF), the event focused on strengthening international partnerships in support of LDC trade and investment priorities. The vision for EIF Phase Three – the next stage of this Aid for Trade programme exclusively dedicated to LDCs – was also presented. Several countries announced new funding commitments to this new phase of the EIF.
    Several donors pledged new contributions to the EIF Trust Fund, providing strong momentum for Phase Three, which is set to begin in October 2025. Sweden announced a contribution of SEK 75 million (approx. CHF 6.3 million), Denmark DKK 20 million (approx. CHF 2.5 million), Norway NOK 12 million (approx. CHF 0.9 million), France EUR 300,000, (approx. CHF 0.3 million) and Liechtenstein CHF 50,000, building on Finland’s earlier pledge of EUR 2.5 million (approx. CHF 2.3 million) and a GBP 400,000 (approx. CHF 0.4 million) contribution from the United Kingdom to EIF Phase Three. These pledges will help ensure a solid start to the next phase of EIF support, which is designed to deliver catalytic and transformative impact for LDCs through trade.
    In her opening remarks, DG Okonjo-Iweala highlighted the growing gap between development needs and available resources, emphasizing the ongoing relevance of the EIF in helping LDCs benefit from trade. She noted that the partnership has “gone from strength to strength,” supporting USD 1 billion in LDC exports and enabling hundreds of thousands of small farmers and entrepreneurs to improve their livelihoods.
    She also shared the story of Sittina Farate Ibrahima from Comoros, whose biocosmetics business was developed with EIF support. “Today, 80% of her products are exported to Europe. This is what Aid for Trade to LDCs is all about.”
    Looking ahead, the Director-General welcomed the shared ambition behind EIF Phase Three and its USD 200 million funding target. “`We hope we can count on all the partners in bringing this vision to life, she said, noting that the event would serve as “a springboard for a high-level launch of the next phase of the EIF partnership at the 14th Ministerial Conference.”
    The event brought together ministers from Djibouti, Finland and Guinea, along with senior representatives from other least-developed and donor countries, including Sweden, Denmark, France, Germany, Norway, Liechtenstein and the United Arab Emirates. UNCTAD Secretary-General Rebeca Grynspan delivered closing remarks, alongside representatives from other international organizations and other development partners. Discussions focused on priorities for EIF Phase Three, which will run up to 2031.
    “From the perspective of the WTO LDC Group, EIF Phase Three comes at a critical time,” said H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance of Djibouti. “What we need is a mechanism that catalyses our efforts, brings innovation to respond to our evolving trade and investment priorities, supports stronger institutions, and helps unlock new partnerships. We see in the vision for EIF Phase Three a foundation to move towards precisely that. For many of our countries, including my own, the EIF has not only been a financial and technical partner. It has also been a catalyst for inclusive economic transformation.”
    “Finland is a longstanding supporter of multilateral efforts to strengthen the trade capacities of least-developed countries,” said H.E. Ville Tavio, Minister for Foreign Trade and Development of Finland. “We believe in the transformative power of trade as, when matched with targeted support and strong local ownership, it can unlock lasting development impact. The EIF has consistently proven to be a trusted and effective partner for LDCs. As it enters a new phase, we see an opportunity to deepen its reach and amplify its role in advancing inclusive and sustainable growth. Finland is proud to contribute to this next chapter.”
    A follow-up pledging and partnership event is scheduled for September 2025 on the margins of the WTO Public Forum in Geneva.
    EIF Phase Three aims to mobilize at least USD 200 million to help LDCs strengthen trade capacities, expand exports, and harness trade for inclusive, sustainable development.
    More information on the EIF and its work is available here.

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    MIL OSI Global Banks

  • MIL-OSI: Rivalry Reports Full-Year 2024 Results as Strategic Turnaround Takes Hold, Operating Loss Narrows, and Efficiency Improves

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 02, 2025 (GLOBE NEWSWIRE) — Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, announces its financial results for the fiscal year ended December 31, 2024.

    While Rivalry’s 2024 financials reflect only the earliest signals of its company-wide restructuring, the foundational work – most of which began in the second half of 2024 – is now beginning to show results in 2025. The Company narrowed its net loss, reduced operating expenses by 17%, and entered the new year leaner, more focused, and closer to breakeven.

    “We made hard decisions last year – rebuilding the product, cutting costs, and refining our approach to players – and those changes are beginning to show signs of positive impact,” said Steven Salz, Co-Founder and CEO of Rivalry. “The latter half of 2024 set the stage, and we’re encouraged by the progress seen so far in 2025.”

    FY2024 Highlights

    • Net revenue of $13.6 million, compared to $16.2 million in 2023.
    • Operating expenses decreased 17% to $32.2 million, down from $38.8 million.
    • Net loss of $22.4 million, compared to $23.8 million.
    • Deferred revenue of $4.1 million related to pre-sales of Rivalry’s on-platform crypto token.
    • Year-end cash of $2.7 million, with materially lower run-rate operating expenses entering 20251.

    Organizational Rebuild & Operating Leverage

    Rivalry spent the latter part of 2024 and into Q1 2025 executing a comprehensive overhaul across its cost base, product, player strategy, and operational structure. With most changes now implemented, early signs of progress are emerging. Highlights include:

    • Lean operating model, with breakeven net revenue now approximately $600,000 USD/month, down from over $2 million USD/month a year ago. Further reductions to operating costs are planned in Q3 2025 to lower the breakeven point even more.
    • Restructured VIP program and onboarding, improving retention and monetization from high-value players.
    • Expanded casino product, improving baseline stability through missions, races, and progression-based systems.
    • Platform upgrades enhancing site speed, responsiveness, and conversion.
    • Crypto-native infrastructure overhaul, including a rebuilt cashier, improved user experience (“UX”), and token-ready architecture to support long-term on-chain growth.

    These efforts have driven early improvements across the Company’s core key performance indicators in 2025:

    • Net revenue per active user and wagers per user at record levels (excluding customary outliers).
    • Deposit growth in nearly every month from November 2024 through June 2025, despite minimal marketing spend.
    • Monthly new first-time depositors (FTDs) up approximately 40% since January 2025 on flat monthly spend. Average payback on cohorts acquired during this period was approximately 1.5 months, highlighting improved customer acquisition efficiency.

    2025 Momentum and Execution

    In the first half of 2025, Rivalry continued executing against its strategic turnaround, with a focus on increasing player value, tightening operational efficiency, and accelerating near-term revenue drivers. Key initiatives included:

    • Loyalty Program v2: Building on the success of the end-2024 launch, the next iteration of Rivalry’s on-site loyalty program is in development, designed to deepen progression, improve engagement, and anchor major campaigns throughout Q3 2025.
    • New Promo Engine: Launching this summer, the rebuilt system introduces immediate-match deposit offers and new promo types, integrated directly into onboarding and reactivation flows to lift first time deposits and retention.
    • Customer Relationship Management (“CRM”) and Always-On Optimization: Active performance reviews of core flows, geo-targeted reactivation campaigns, and structural upgrades to improve output across the customer lifecycle.
    • VIP & High-Value-Player Activity: Fully structured outreach live across geos, with segmentation, high-touch CRM, and LTV-based targeting to reactivate high-value-players.
    • Cashier & Site Speed: Continued improvements to platform speed, including faster load times, and reduced friction in cashier UX.
    • Ongoing UX Improvements: Consistent updates across the site aimed at visual polish, design coherence, and front-end responsiveness to deliver a cleaner, more reliable user experience.

    These initiatives have laid a foundation entering the second half of 2025. The focus now is on maintaining momentum, tightening execution, and scaling revenue through improved player economics and operational leverage.

    Strategic Review

    The Company’s previously announced evaluation of strategic alternatives remains ongoing. Rivalry continues to explore a range of potential outcomes aimed at maximizing shareholder value. There is no assurance regarding the timing or results of this review.

    Outlook

    While the 2024 annual results capture only the early innings of Rivalry’s strategic transformation, the changes made throughout the year have meaningfully repositioned the Company. With a leaner cost structure, stronger product, and increasing revenue efficiency, Rivalry is entering the second half of 2025 with sharper operational discipline and renewed focus.

    Additional updates will be provided alongside the release of the Company’s financial results for the three months ended March 31, 2025, which are expected to be released on or prior to July 14, 2025.

    Unsecured Loan

    The Company also announces that it has secured a US$475,000 principal amount senior unsecured loan from its existing senior lender, maturing on September 30, 2025, with an interest rate of 10% per annum (the “Loan”). The Loan reinforces the Company’s senior lender’s support for the Company’s ongoing strategic review process and provides the Company with additional flexibility to continue pursuing its strategic initiatives to maximize long-term stakeholder value.

    Update Regarding Management Cease Trade Order

    The Company is providing this update on the status of a management cease trade order granted on May 1, 2025 (the “MCTO“) by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“). On May 2, 2025, the Company announced that there would be a delay in the filing of its annual financial statements, management’s discussion and analysis and related CEO and CFO certificates for the fiscal year ended December 31, 2024 (collectively, the “Annual Filings”), as required under applicable Canadian securities laws (the “Default Announcement“). On June 18, 2025 the Company further announced that it expects to file its unaudited financial statements and management’s discussion and analysis for the three months ended March 31, 2025 and related certifications (collectively, the “Q1 Filings“) on or prior to July 14, 2025. Although the Annual Filings have now been filed, the OSC has advised the Company that the MCTO will remain in place until the Q1 Filings have been completed.

    The Company advises that: (i) there have been no material changes to the information contained in the Default Announcement; (ii) it intends to continue to comply with the alternative information guidelines of NP 12-203; and (iii) except as previously disclosed, there are no subsequent specified defaults (actual or anticipated) within the meaning of NP 12-203.

    The MCTO will remain in effect until the Company is no longer in default with respect to its filing requirements and the OSC lifts the cease trade order.

    About Rivalry

    Rivalry Corp. wholly owns and operates Rivalry Limited, a leading sport betting and media company offering fully regulated online wagering on esports, traditional sports, and casino for the digital generation. Based in Toronto, Rivalry operates a global team in more than 20 countries and growing. Rivalry Limited has held an Isle of Man license since 2018, considered one of the premier online gambling jurisdictions, as well as an internet gaming registration in Ontario, and is currently in the process of obtaining additional country licenses. With world class creative execution and brand positioning in online culture, a native crypto token, and demonstrated market leadership among digital-first users Rivalry is shaping the future of online gambling for a generation born on the internet.

    No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

    Company Contact:
    Steven Salz, Co-founder & CEO
    ss@rivalry.com

    Investor Contact:
    investors@rivalry.com

    Cautionary Note Regarding Forward-Looking Information and Statements

    This news release contains certain forward-looking information within the meaning of applicable Canadian securities laws (“forward-looking statements”). All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “project” and similar words, including negatives thereof, suggesting future outcomes or that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expected filing date of the Q1 Filings, the impact of the Company’s strategic overhaul across its cost base, product, player strategy, and operational structure on its operating results and the results of the Company’s ongoing strategic review.

    Forward-looking statements are based on the opinions and estimates of management of the Company at the date the statements are made based on information then available to the Company. Various factors and assumptions are applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Forward-looking statements are subject to and involve a number of known and unknown, variables, risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors, among other things, include regulatory or political change such as changes in applicable laws and regulations; the ability to obtain and maintain required licenses; the esports and sports betting industry being a heavily regulated industry; the complex and evolving regulatory environment for the online gaming and online gambling industry; the success of esports and other betting products are not guaranteed; changes in public perception of the esports and online gambling industry; failure to retain or add customers; the Company having a limited operating history; negative cash flow from operations and the Company’s ability to operate as a going concern; operational risks; cybersecurity risks; reliance on management; reliance on third parties and third-party networks; exchange rate risks; risks related to cryptocurrency transactions; risk of intellectual property infringement or invalid claims; the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and general economic, market and business conditions. For additional risks, please see the Company’s management’s discussion and analysis for the 12 months ended December 31, 2024 under the heading “Risk Factors”, and other disclosure documents available on the Company’s SEDAR+ profile at www.sedarplus.ca.

    No assurance can be given that the expectations reflected in forward-looking statements will prove to be correct. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

    1 Includes cash and cash equivalents and restricted cash.

    The MIL Network

  • MIL-OSI: Everything Blockchain Inc. Eyes Historic First: Tokenizing OTC Stock After Robinhood’s Market-Defining Shift

    Source: GlobeNewswire (MIL-OSI)

    Jacksonville, July 02, 2025 (GLOBE NEWSWIRE) — Everything Blockchain Inc. (OTC: EBZT), a public company focused on owning and staking the world’s fastest-growing crypto networks, announced today that it is actively preparing to tokenize its stock upon completion of its pending capital raise scheduled for early-to-mid July. This groundbreaking move would position EBZT as the first U.S. OTC-listed company to bring its equity fully on-chain, following in the footsteps of major industry players like Robinhood Markets, Superstate, and xStockFi.

    Market Validation from Industry Giants

    On June 30th, Robinhood unveiled its own stock tokenization rollout at its inaugural crypto keynote in France, enabling European investors to trade tokenized versions of major U.S. equities such as Apple and NVIDIA, 24/7, via blockchain rails. EBZT’s proposed strategy aligns with this broader market evolution and builds upon it with a historic first for OTC markets.

    “We see tokenization as not just a technology upgrade, but as a core shift in how public companies interact with shareholders, access capital, and create transparency,” said Steven Maik, CTO of Everything Blockchain.

    “Robinhood’s move validates what we’ve been planning for months,” added Arthur Rozenberg, CEO of Everything Blockchain. “As the first OTC company to take this step, we’re pioneering a new frontier for retail investors and opening entirely new possibilities for how public companies can operate on blockchain infrastructure.”

    Industry Momentum Confirms Historic Opportunity

    EBZT is evaluating strategic opportunities within the tokenization ecosystem and intends to explore potential collaboration frameworks with leading platforms including Superstate and xStockFi as it develops its on-chain infrastructure.

    Massive Market Projections

    • $24 Trillion Market: HSBC forecasts tokenized assets could reach 10% of global GDP by 2027
    • $3.3 Trillion Crypto Market: Current cryptocurrency market capitalization continues growing
    • Retail Demand: Infrastructure requirements accelerating as retail investors seek 24/7 access

    EBZT’s plan to become the first OTC company to tokenize its equity while building a public blockchain treasury positions the company at the center of this global financial transformation.

    Backed by Strategic Crypto Treasury Plan

    Tokenization is just one part of EBZT’s board-approved strategy. The company also plans to build a diversified crypto treasury, focused on owning and staking five of the fastest-growing blockchain networks:

    • Solana (SOL) – high-speed DeFi and NFT platform
    • XRP (Ripple) – global payments and settlement
    • Hyperliquid (HYPE) – emerging decentralized exchange
    • Bittensor (TAO) – decentralized AI protocol
    • Sui (SUI) – next-gen smart contract platform

    The goal is to build a blockchain-native treasury that generates income from validator rewards and protocol incentives. Execution will begin once funding is secured.

    Historic Market Leadership

    As traditional financial markets increasingly embrace blockchain technology, EBZT’s dual strategy of being the first OTC tokenization and crypto treasury development creates unprecedented value drivers:

    Historic First-Mover Advantage

    • Pioneer Status: The first OTC company to fully tokenize equity
    • Uncharted Territory: Opening entirely new market category for retail investors
    • Market Leadership: Setting the standard for OTC blockchain integration

    Strategic Value Drivers

    • Diversified Exposure: Direct ownership of leading blockchain networks focused on Solana’s ecosystem
    • Operational Innovation: Enhanced shareholder experience through cutting-edge technology
    • Market Validation: Strategy aligned with major institutional players but first in OTC space

    Retail Investor Benefits

    • Access to Innovation: First opportunity to own tokenized OTC equity
    • Crypto Exposure: Diversified blockchain treasury provides crypto market exposure through Solana-focused strategy
    • 24/7 Flexibility: Trade on your schedule, not market hours

    The convergence of these trends positions EBZT to capture massive value from the broader transformation of global financial infrastructure while giving retail investors unprecedented access to both tokenized equity and crypto treasury exposure powered by Solana’s high-performance blockchain.

    For more information, visit: www.everythingblockchain.io or follow us on twitter: x.com/ebzt_ 

    About Everything Blockchain Inc.

    Everything Blockchain Inc. (OTC: EBZT) is a public company focused on identifying and capitalizing on opportunities within the rapidly evolving blockchain and cryptocurrency sectors. The company’s strategy centers on building a diversified portfolio of leading crypto networks, with primary focus on Solana infrastructure, while pioneering innovative approaches to public company operations through blockchain technology. EBZT is positioned to become the first U.S. OTC-listed company to fully tokenize its equity.

    For more information, visit: www.everythingblockchain.io

    Contact Information

    Arthur Rozenberg
    CEO, Everything Blockchain, Inc.
    arthur.rozenberg@everythingblockchain.io

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including but not limited to plans related to tokenization, treasury strategy, market opportunities, capital raises, and anticipated benefits of proposed initiatives. These statements are based on current expectations and involve risks and uncertainties, including but not limited to: the completion of necessary financing, regulatory approval, technical execution, market acceptance, competitive factors, and general economic conditions.

    Actual results may differ materially from those expressed or implied in forward-looking statements. Everything Blockchain Inc. undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

    The MIL Network

  • MIL-OSI: DVO Real Estate’s David Valger Decodes Multifamily Sector Opportunities On Navatar’s A-Game Podcast: Trump Tariffs, Macroeconomic Trends, Valuations, Salesforce CRM, AI

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, July 02, 2025 (GLOBE NEWSWIRE) — The newest episode of Navatar A-Game features an insightful conversation with David Valger, President of DVO Real Estate, who shares why now may be one of the most attractive times to invest in multifamily real estate—despite uncertainty in the market.

    Hosted by Alok Misra, CEO of Navatar, the episode dives deep into macroeconomic trends, political risk, capital allocation, and how emerging technologies like AI are influencing deal-making and portfolio management in real estate.

    “We are in a historically low spot of valuation,” said Valger. “Cap rates are up, net operating income is down, and capital has been on pause. If you can make a deal work today without betting on cap rate compression or rent growth—you preserve the optionality to outperform when the cycle turns.”

    Key themes explored in the episode include:

    Supply-Demand Imbalance Sets the Stage for Rent Growth

    Valger points out that while multifamily has faced a temporary glut of new supply in high-growth markets, development starts have plummeted due to interest rate hikes and material costs. As a result, the U.S. may face a multifamily unit shortfall of 800,000 to 1 million units over the next 3–5 years, fueling long-term rent growth.

    “Demand is rising. Single-family homes are increasingly unaffordable. If supply stalls, as we expect, rents will climb significantly—even if the Fed doesn’t lower rates immediately,” Valger noted.

    Dislocated Pricing Creates Opportunity for Disciplined Buyers

    As both net operating income (NOI) and cap rates have moved unfavorably, multifamily valuations have fallen. But for investors with dry powder and a long-term view, that creates a rare opportunity to acquire high-quality assets at a discount.

    “You don’t need to underwrite for a home run to end up hitting one,” Valger said. “If you buy right and manage well, the optionality for outperformance is baked in.”

    Tariffs & Trade Policy: Hidden Drivers of Development Economics

    The discussion tackles the Trump administration’s evolving tariff policy and its likely effect on construction materials and development. While some see tariffs as a risk, Valger believes they will raise the cost of entry for less experienced operators and developers—ultimately benefiting firms with strong operations and sourcing capabilities.

    “We’re already well-positioned on cost controls and sourcing. If tariffs raise the bar, it only strengthens the advantage for disciplined investors.”

    Technology & AI: Real Estate’s Next Competitive Edge

    Valger shares how DVO Real Estate is beginning to experiment with AI to improve investor communication and surface distressed opportunities faster.

    “AI can help us identify assets at risk, find signals in data, and make our time more impactful. That’s where the real promise lies.”

    Navatar: Enabling the Future of Private Market Deal-Making

    Throughout the episode, Alok Misra and Valger highlight how technology like Navatar empowers firms to manage deal flow, fundraising, and investor relationships with greater speed and insight—something especially critical in times of market dislocation.

    “We’re seeing a shift. Executives want more than just reporting—they want insights. Navatar is building for that future, bringing together CRM, AI, and deal intelligence in ways that real estate and private equity firms can finally act on,” said Misra.

    Watch the full episode: https://www.youtube.com/watch?v=c_0y7H0dv5Y&t=605s

    Learn more about DVO Real Estate: https://www.dvorealestate.com

    Learn more about on Navatar’s CRM: https://www.navatargroup.com

    About DVO Real Estate

    Founded in 2012 by David Valger, DVO Real Estate is a privately owned real estate investment management firm that has established itself as a sophisticated real estate investor in multifamily assets throughout the United States. DVO follows a fundamental investment philosophy of maximizing returns through value-creation and consistent cash flow. Bringing to bear its expertise and long-standing relationships, the company has grown significantly over the past decade with more than 50 assets comprising over 11,000 apartments and an aggregate value of over $2.5 Billion.

    About Navatar

    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, is a low-touch, high-impact intelligence engine purpose-built for investment workflows across private markets. Our platform delivers seamless intelligence capture, unifies firmwide relationships, and orchestrates complex deal processes—without requiring high-touch input or behavioral change from investment professionals. Backed by over two decades of CRM expertise, Navatar is used by hundreds of global private markets firms to drive institutional knowledge, create early access to opportunities and streamline execution. For more information, visit www.navatargroup.com.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network

  • MIL-OSI: DVO Real Estate’s David Valger Decodes Multifamily Sector Opportunities On Navatar’s A-Game Podcast: Trump Tariffs, Macroeconomic Trends, Valuations, Salesforce CRM, AI

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON, July 02, 2025 (GLOBE NEWSWIRE) — The newest episode of Navatar A-Game features an insightful conversation with David Valger, President of DVO Real Estate, who shares why now may be one of the most attractive times to invest in multifamily real estate—despite uncertainty in the market.

    Hosted by Alok Misra, CEO of Navatar, the episode dives deep into macroeconomic trends, political risk, capital allocation, and how emerging technologies like AI are influencing deal-making and portfolio management in real estate.

    “We are in a historically low spot of valuation,” said Valger. “Cap rates are up, net operating income is down, and capital has been on pause. If you can make a deal work today without betting on cap rate compression or rent growth—you preserve the optionality to outperform when the cycle turns.”

    Key themes explored in the episode include:

    Supply-Demand Imbalance Sets the Stage for Rent Growth

    Valger points out that while multifamily has faced a temporary glut of new supply in high-growth markets, development starts have plummeted due to interest rate hikes and material costs. As a result, the U.S. may face a multifamily unit shortfall of 800,000 to 1 million units over the next 3–5 years, fueling long-term rent growth.

    “Demand is rising. Single-family homes are increasingly unaffordable. If supply stalls, as we expect, rents will climb significantly—even if the Fed doesn’t lower rates immediately,” Valger noted.

    Dislocated Pricing Creates Opportunity for Disciplined Buyers

    As both net operating income (NOI) and cap rates have moved unfavorably, multifamily valuations have fallen. But for investors with dry powder and a long-term view, that creates a rare opportunity to acquire high-quality assets at a discount.

    “You don’t need to underwrite for a home run to end up hitting one,” Valger said. “If you buy right and manage well, the optionality for outperformance is baked in.”

    Tariffs & Trade Policy: Hidden Drivers of Development Economics

    The discussion tackles the Trump administration’s evolving tariff policy and its likely effect on construction materials and development. While some see tariffs as a risk, Valger believes they will raise the cost of entry for less experienced operators and developers—ultimately benefiting firms with strong operations and sourcing capabilities.

    “We’re already well-positioned on cost controls and sourcing. If tariffs raise the bar, it only strengthens the advantage for disciplined investors.”

    Technology & AI: Real Estate’s Next Competitive Edge

    Valger shares how DVO Real Estate is beginning to experiment with AI to improve investor communication and surface distressed opportunities faster.

    “AI can help us identify assets at risk, find signals in data, and make our time more impactful. That’s where the real promise lies.”

    Navatar: Enabling the Future of Private Market Deal-Making

    Throughout the episode, Alok Misra and Valger highlight how technology like Navatar empowers firms to manage deal flow, fundraising, and investor relationships with greater speed and insight—something especially critical in times of market dislocation.

    “We’re seeing a shift. Executives want more than just reporting—they want insights. Navatar is building for that future, bringing together CRM, AI, and deal intelligence in ways that real estate and private equity firms can finally act on,” said Misra.

    Watch the full episode: https://www.youtube.com/watch?v=c_0y7H0dv5Y&t=605s

    Learn more about DVO Real Estate: https://www.dvorealestate.com

    Learn more about on Navatar’s CRM: https://www.navatargroup.com

    About DVO Real Estate

    Founded in 2012 by David Valger, DVO Real Estate is a privately owned real estate investment management firm that has established itself as a sophisticated real estate investor in multifamily assets throughout the United States. DVO follows a fundamental investment philosophy of maximizing returns through value-creation and consistent cash flow. Bringing to bear its expertise and long-standing relationships, the company has grown significantly over the past decade with more than 50 assets comprising over 11,000 apartments and an aggregate value of over $2.5 Billion.

    About Navatar

    Navatar (@navatargroup), the CRM platform for alternative assets and investment banking firms, is a low-touch, high-impact intelligence engine purpose-built for investment workflows across private markets. Our platform delivers seamless intelligence capture, unifies firmwide relationships, and orchestrates complex deal processes—without requiring high-touch input or behavioral change from investment professionals. Backed by over two decades of CRM expertise, Navatar is used by hundreds of global private markets firms to drive institutional knowledge, create early access to opportunities and streamline execution. For more information, visit www.navatargroup.com.

    Sales Team
    Navatar
    sales@navatargroup.com

    The MIL Network

  • MIL-OSI Europe: Highlights – ENVI vote on opinion to the EU-UK TCA implementation report – Committee on the Environment, Public Health and Food Safety

    Source: European Parliament

    On 3 July 2025, ENVI Members will vote on their opinion for the AFET/INTA-led report on the implementation of the EU-UK Trade and Cooperation Agreement, focusing on the Committee’s areas of competence

    The EU-UK Trade and Cooperation Agreement (TCA), in force since 2021, governs post-Brexit relations in many policy areas, including on trade, energy, transport, fisheries, and climate and environmental cooperation. In March 2025, the European Commission published its 2023 implementation report, outlining progress and challenges. In areas under ENVI’s remit, the report notes continued cooperation on emissions trading and offshore renewable energy, and highlights UK legislative changes to its Emissions Trading Scheme, which the Commission continues to monitor. It also flags divergence in the UK’s chemicals policy (UK REACH) from EU REACH. Following this, the AFET and INTA committees launched its periodical own-initiative implementation report. ENVI is one of 11 committees authorised to contribute an opinion, providing input within its area of competence. ENVI Members tabled 245 amendments to the draft opinion, with nine compromise amendments negotiated ahead of the vote.

    MIL OSI Europe News

  • MIL-OSI Asia-Pac: LCQ16: Improving English information channels

    Source: Hong Kong Government special administrative region – 4

         Following is a question by Dr the Hon Starry Lee and a written reply by the Acting Secretary for Commerce and Economic Development, Dr Bernard Chan, in the Legislative Council today (July 2):
     
    Question:
     
         The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC Central Committee) has adopted the Resolution of the CPC Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization, in which it is pointed out that Hong Kong needs to further capitalise on its strengths and become an international hub for high-calibre talents. There are views that attracting international talents requires efforts on various fronts, among which, the creation of an international living environment and the setting up of well-established English information channels for demonstration of Hong Kong’s cultural diversity, openness and inclusiveness are particularly important. In this connection, will the Government inform this Council:
     
    (1) whether it has compiled statistics on the percentage of broadcast time in foreign languages out of the total broadcast time in respect of the public broadcasting services in Hong Kong at present, and how the relevant time and percentage compare with those in other international metropolises;
     
    (2) of the specific policies and whether resources have been allocated to encourage local television and sound broadcasters to produce more quality English-language programmes, especially those with contents showcasing the business environment, cultural characteristics, lifestyle, etc, in Hong Kong;
     
    (3) whether it has evaluated the effectiveness of the existing English media contents in attracting and retaining international talents; whether it has conducted relevant surveys to understand the information needs of international talents;
     
    (4) whether it will consider setting up an additional 24-hour English channel on Radio Television Hong Kong and producing more English programmes to present a soft and down-to-earth introduction of the policies and development opportunities in Hong Kong, so as to enable international talents and inbound tourists to obtain local information more conveniently; if so, of the details; if not, the reasons for that;
     
    (5) of the Government’s plans to enhance Hong Kong’s international image and visibility by arranging additional media coverage in English, given that the 15th National Games and other international events are about to take place; and
     
    (6) apart from traditional television broadcasters, whether it has plans to make use of emerging publicity channels, such as digital platforms and social media, to produce more information contents about Hong Kong in English, so as to strengthen Hong Kong’s international communication capability, thereby creating a more attractive international living environment; if so, of the details; if not, the reasons for that?
     
    Reply:
     
    President,
     
         The HKSAR Government has been striving to showcase the unique characteristics of Hong Kong, being an international metropolis, from various perspectives to attract international talents and tourists by telling the good stories of Hong Kong through diverse television and radio programmes, as well as different promotion measures. Having consulted the Labour and Welfare Bureau (LWB), the Culture, Sports and Tourism Bureau (CSTB) and the Home and Youth Affairs Bureau, our consolidated response is as follows:
     
         Hong Kong’s broadcasting market is under steady development. The three domestic free television programme service (free TV) licensees, two sound broadcasting licensees and Radio Television Hong Kong (RTHK) are providing a total of 15 television channels and 14 radio channels respectively, which include five TV channels and three radio channels in English. The general public (including non-Chinese-speaking persons in Hong Kong) can choose and enjoy diverse television and radio programmes (including English-language programmes) with a wide variety according to their needs. The HKSAR Government does not maintain related information in other regions.
     
         Under the current broadcasting regulatory framework, licensed broadcasters shall provide English programmes through their designated English channels in accordance with their licence conditions. Considering the sustainable development of licensed broadcasters and the needs of different audience, the three domestic free TV English channels are currently required to broadcast English programmes for at least 55 per cent of the broadcasting hours. Although licensed broadcasters can exercise suitable flexibility to broadcast non-English programmes for not more than 45 per cent of the broadcasting hours on their English channels, free TV licensees must broadcast English programmes during prime time on their English channels as required to cater for the needs of the general public and non-Chinese-speaking persons in Hong Kong. We also note that the current English programmes offered by licensed broadcasters cover a wide range of genres, including news, current affairs, sports, cultural features, lifestyle and arts, etc.
     
         On the other hand, RTHK also proactively offers English programmes through its radio and TV channels, including launching English programme time slots on RTHK TV 31 and 32; providing 24-hour relay of the China Global Television Network Documentary and English Channels under the China Media Group on RTHK TV 34 and 35; providing 24-hour broadcasting with diverse English programmes on RTHK Radio 3; and broadcasting bilingual programmes featuring fine music and arts information on RTHK Radio 4, etc. These help exhibit Hong Kong’s diversity and global vision, proactively telling good stories of the country and Hong Kong and enabling non-Chinese speaking persons in Hong Kong to have a better understanding of various information about Hong Kong and Mainland China.
     
         Since the three free TV licences will expire in 2027 and 2028, the Communications Authority (CA) has commenced the renewal exercise of the free TV licences and will conduct a public consultation exercise in the third quarter of 2025. In processing the renewal applications, subject to actual circumstances, the CA will consider revisions to licence conditions and regulatory requirements on free TV services (including requirements on English channels and programmes) taking into account views from the industry and the public as well as the latest market development and submit recommendations on licence renewal to the Chief Executive in Council.
     
         Regarding the attraction of talents, talents are generally concerned about employment and business start-up opportunities, children’s education and social integration when considering pursuance of development in Hong Kong. Media in English, being an international language, helps disseminate relevant information to international talents, alleviating their concern about integration into local society. To facilitate social integration of international talents in a more proactive manner, the Hong Kong Talent Engage (HKTE) of the LWB has been providing comprehensive support services to help them stay in the city for development. With a view to ensuring that the comprehensive information about living and working in Hong Kong are accessible to international talents, the HKTE’s promotional and publicity materials, including its online platform, TV Announcements in the Public Interest, social media posts, etc, are already fully available in English, and its themed seminars on living in Hong Kong also offer online livestreaming and simultaneous interpretation services. On the other hand, the HKTE launched the Talent+ Volunteer Programme in September 2024, and has been collaborating with various non-governmental organisations, working partners and corporations to provide incoming talents with diverse volunteer service opportunities, strengthening their connections with the local community and fostering their sense of belonging to the city.
     
         As for promotion of mega events, the CSTB, in collaboration with relevant government departments and organisations, has been devising extensive publicity campaigns through diverse means for the 15th National Games (NG), the 12th National Games for Persons with Disabilities (NGD) and the 9th National Special Olympic Games (NSOG), including various overseas promotional initiatives with the support of the Information Services Department (ISD), such as running advertisements in overseas media and at a number of major overseas international airports, engaging overseas key opinion leaders to publish promotional posts, and inviting overseas journalists and guests to visit Hong Kong through thematic media visit programmes and the Sponsored Visitors Programme so that they can spread their positive visiting experiences in their hometown afterwards, with a view to raising the international profile and popularity of Hong Kong and attracting more overseas spectators to the events. RTHK will also fully engage in the promotion, production and live broadcast of the 15th NG, the 12th NGD and the 9th NSOG. Besides, for organisation of major events, depending on the nature of the events, the Leisure and Cultural Services Department (LCSD) will invite media in English and other foreign languages to participate in press conferences or carry out promotional campaigns, and will also collaborate with local and international media organisations and event partners (such as relevant Consulates-General in Hong Kong, cultural organisations stationed in Hong Kong as well as the overseas Economic and Trade Offices) to promote the events. The LCSD will make good use of its social media platforms for promotion and support bilingual content so as to promote featured events to local and overseas audiences.
     
         Apart from the above promotion measures, the ISD has been setting up accounts on various social media platforms and producing more English social media posts for promotion. The ISD has also co-operated with the national media to make use of their multi-language new media platforms to promote Hong Kong to more countries through different foreign languages. Besides, the ISD will continue to work with suitable overseas media organisations to produce content on Hong Kong’s latest development in key areas, such as innovation and technology, sports, shipping, and culture and arts, etc, with the aim of expanding the reach of overseas promotional efforts through their readers’ network and social media platforms. Through monitoring of the latest market development and global trend, the ISD will continue to make use of appropriate platforms to raise the international profile of Hong Kong.

    MIL OSI Asia Pacific News

  • MIL-OSI: Delfin Midstream Enters into an Agreement with Siemens Energy to Reserve Gas Turbine Manufacturing Capacity, Expects Fall Final Investment Decision for its Leading US Energy Infrastructure Project

    Source: GlobeNewswire (MIL-OSI)

    • Enters into Early Works program with Samsung Heavy Industries and Black & Veatch in preparation for the EPCI contracting and execution of the project

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) — Delfin Midstream Inc. (“Delfin” or the “Company”) announced today that it has entered into an agreement with Siemens Energy Inc. (“Siemens Energy”) to reserve manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages. Delfin also announced that it has agreed to an Early Works program with Samsung Heavy Industries (“SHI”) and Black & Veatch Inc. (“B&V”) to further detail FLNG vessel design specifications as basis for the Lump-Sum Turn-Key Engineering, Procurement, Construction, and Integration (“EPCI”) contract and to prepare both contractors for the execution of the project. The Company’s activities are in support of a Final Investment Decision (“FID”) anticipated in the Fall of 2025 for its leading US energy infrastructure project under development in Louisiana and offshore in the Gulf.

    Dudley Poston, Delfin CEO, said: “This is an incredibly exciting time for the development of Delfin’s critical energy infrastructure project. Following the successful issuance of the deepwater port license by MARAD, all workstreams are on schedule and the project is currently on track for FID in the Fall of 2025. By making this large investment to lock-in critical manufacturing capacity, we have secured our execution schedule with the anticipated delivery of our first FLNG Vessel from Samsung Heavy Industries shipyard in 2029.”

    Karim Amin, Siemens Energy Executive Board Member said: “Siemens Energy is excited to support Delfin’s energy infrastructure project by providing the critical Gas Turbine Mechanical Drive packages the Company needs as it moves towards delivering the first offshore LNG project in the United States. The modular design, high power-to-weight ratio and ability to operate under diverse conditions make Siemens Energy gas turbines an innovative and ideal technology solution for this leading low emissions energy infrastructure project.”

    The agreement with Siemens Energy reserves manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages which will be used to drive the mixed-refrigerant compressors for Delfin’s LNG liquefaction system. Delfin’s Early Works program agreement with Samsung and B&V will further detail FLNG Vessel #1 design specifications as basis for the Lump-Sum Turn-Key EPCI contract. This work will de-risk project execution and ensure both contractors are prepared for immediate project execution following a positive FID.

    On March 21, 2025, Delfin LNG LLC (“Delfin LNG”), a subsidiary of Delfin, received the first deepwater port license from the Maritime Administration (“MARAD”) authorizing Delfin LNG to own, construct, operate, and export Liquefied Natural Gas (“LNG”) from the United States. The license was issued pursuant to the Deepwater Port Act of 1974 and MARAD’s 2017 Record of Decision and is in accordance with President Trump’s Executive Order titled, “Unleashing American Energy,” signed January 20, 2025.

    Delfin is a leader in LNG export infrastructure utilizing low-cost floating LNG technology. Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually. The Delfin floating LNG project has the potential to not only be the first LNG export deepwater port facility in the United States, but a significant economic contributor and job creator over the long-term.

    About Delfin
    Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to three FLNG Vessels producing up to 13.2 MTPA of LNG. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of America. Delfin LNG received a deepwater port license from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Additional information is available at www.delfinmidstream.com.

    Public Relations
    Dan Gagnier
    Gagnier Communications
    Email: Delfin@gagnierfc.com

    The MIL Network

  • MIL-OSI: Delfin Midstream Enters into an Agreement with Siemens Energy to Reserve Gas Turbine Manufacturing Capacity, Expects Fall Final Investment Decision for its Leading US Energy Infrastructure Project

    Source: GlobeNewswire (MIL-OSI)

    • Enters into Early Works program with Samsung Heavy Industries and Black & Veatch in preparation for the EPCI contracting and execution of the project

    HOUSTON, July 02, 2025 (GLOBE NEWSWIRE) — Delfin Midstream Inc. (“Delfin” or the “Company”) announced today that it has entered into an agreement with Siemens Energy Inc. (“Siemens Energy”) to reserve manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages. Delfin also announced that it has agreed to an Early Works program with Samsung Heavy Industries (“SHI”) and Black & Veatch Inc. (“B&V”) to further detail FLNG vessel design specifications as basis for the Lump-Sum Turn-Key Engineering, Procurement, Construction, and Integration (“EPCI”) contract and to prepare both contractors for the execution of the project. The Company’s activities are in support of a Final Investment Decision (“FID”) anticipated in the Fall of 2025 for its leading US energy infrastructure project under development in Louisiana and offshore in the Gulf.

    Dudley Poston, Delfin CEO, said: “This is an incredibly exciting time for the development of Delfin’s critical energy infrastructure project. Following the successful issuance of the deepwater port license by MARAD, all workstreams are on schedule and the project is currently on track for FID in the Fall of 2025. By making this large investment to lock-in critical manufacturing capacity, we have secured our execution schedule with the anticipated delivery of our first FLNG Vessel from Samsung Heavy Industries shipyard in 2029.”

    Karim Amin, Siemens Energy Executive Board Member said: “Siemens Energy is excited to support Delfin’s energy infrastructure project by providing the critical Gas Turbine Mechanical Drive packages the Company needs as it moves towards delivering the first offshore LNG project in the United States. The modular design, high power-to-weight ratio and ability to operate under diverse conditions make Siemens Energy gas turbines an innovative and ideal technology solution for this leading low emissions energy infrastructure project.”

    The agreement with Siemens Energy reserves manufacturing capacity for four SGT-750 Gas Turbine Mechanical Drive Packages which will be used to drive the mixed-refrigerant compressors for Delfin’s LNG liquefaction system. Delfin’s Early Works program agreement with Samsung and B&V will further detail FLNG Vessel #1 design specifications as basis for the Lump-Sum Turn-Key EPCI contract. This work will de-risk project execution and ensure both contractors are prepared for immediate project execution following a positive FID.

    On March 21, 2025, Delfin LNG LLC (“Delfin LNG”), a subsidiary of Delfin, received the first deepwater port license from the Maritime Administration (“MARAD”) authorizing Delfin LNG to own, construct, operate, and export Liquefied Natural Gas (“LNG”) from the United States. The license was issued pursuant to the Deepwater Port Act of 1974 and MARAD’s 2017 Record of Decision and is in accordance with President Trump’s Executive Order titled, “Unleashing American Energy,” signed January 20, 2025.

    Delfin is a leader in LNG export infrastructure utilizing low-cost floating LNG technology. Delfin’s brownfield deepwater port requires minimal additional infrastructure investment to support up to three floating LNG vessels producing up to 13.2 million tonnes of LNG annually. The Delfin floating LNG project has the potential to not only be the first LNG export deepwater port facility in the United States, but a significant economic contributor and job creator over the long-term.

    About Delfin
    Delfin is a leading LNG export infrastructure development company utilizing low-cost Floating LNG technology solutions. Delfin is the parent company of Delfin LNG. Delfin LNG is a brownfield Deepwater Port requiring minimal additional infrastructure investment to support up to three FLNG Vessels producing up to 13.2 MTPA of LNG. Delfin purchased the UTOS pipeline, the largest natural gas pipeline in the Gulf of America. Delfin LNG received a deepwater port license from MARAD and approval from the Department of Energy for long-term exports of LNG to countries that do not have a Free Trade Agreement with the United States. Additional information is available at www.delfinmidstream.com.

    Public Relations
    Dan Gagnier
    Gagnier Communications
    Email: Delfin@gagnierfc.com

    The MIL Network

  • MIL-OSI Economics: Country and regional analyses underscore urgency of WTO reform

    Source: International Chamber of Commerce

    Headline: Country and regional analyses underscore urgency of WTO reform

    Building on the 2024 regional study, a new 2025 follow-up report commissioned by the International Chamber of Commerce (ICC) and conducted by Oxford Economics provides a country-level look at the consequences of WTO dissolution for ten developing economies: Brazil, Cameroon, China, Egypt, Guatemala, India, Indonesia, South Africa, Türkiye and Vietnam.

    The 2024 regional study (available in English and Spanish) showed that WTO dissolution would have devastating consequences for developing economies across the world, including:

    • A 33% drop in developing countries’ non-fuel goods trade relative to a baseline scenario with the multilateral system still in place;
    • A permanent GDP loss to developing countries of over 5% – driven in part by a 5% decline in foreign direct investment flows;
    • Acute export losses of 43% in low-income economies and 32% in middle-income countries;
    • At a regional level, trade flows in Sub-Saharan Africa and South Asia are most affected, reflective of the large number of LDCs within these groupings. 

    This new country-level analysis confirms those findings and shows the impact on ten examined developing economies:

    • Non-fuel goods exports would fall by up to 45%, with Brazil, India and China among the hardest hit. Even the least affected countries in the sample — Egypt and Guatemala — would face declines of around 20%;
    • Foreign direct investment is projected to fall between 3–6% in the ten countries studied, as rising uncertainty and trade costs undermine investor confidence;
    • Long-run GDP losses are estimated to range from 3% to 6%, with the sharpest contractions in economies highly dependent on export-led growth, such as Vietnam, China and India.

    These figures underscore what is at stake. For developing countries, the breakdown of the multilateral trading system would not just slow progress, it could reverse hard-won development gains.

    The message is clear: the multilateral trading system remains an essential foundation not only for economic growth and poverty reduction, but to also safeguard wider global interests, including supply chain resilience. Preserving and strengthening the WTO is not a theoretical exercise — it is an urgent priority for sustainable development and shared prosperity.

    Why are some countries more exposed than others?

    The research shows that countries with shallow integration into global value chains and limited trade agreements —such as Brazil and India — would face the sharpest export declines. Others, like China and Vietnam, are more integrated into global markets but remain highly dependent on a predictable, rules-based system. In all cases, a WTO dissolution would have far-reaching consequences for growth and development.

    Can FTAs replace the WTO’s rule-based system?

    While regional and bilateral trade agreements offer some protection, they do not offer the global legal certainty and broad-based commitments provided by WTO rules. Even with countries with more extensive FTA networks, such as Guatemala and Egypt, would still face major disruptions. In addition, many FTAs are built on WTO rules. If the global trading system broke down, parts of those agreements could stop working properly, and some deals might need to be rewritten.

    What needs to happen now?

    The findings reinforce the urgency of revitalising and strengthening the multilateral trading system. ICC urges governments to work together to ensure the multilateral trading system is modernised and made fit-for-purpose to meet the demands of today’s global economy.

    Without action, the cost of the erosion of the WTO will fall heaviest on those with the least ability to absorb it and the greatest need for a stable, rules-based global economy. The alternative, as this paper shows, is not just economic disruption for developing countries, but a devastating setback for global development and, ultimately, for the lives and livelihoods of billions.  

    MIL OSI Economics

  • MIL-OSI Economics: ICC expands Principles for Sustainable Trade Finance to include social impact and supply-chain solutions

    Source: International Chamber of Commerce

    Headline: ICC expands Principles for Sustainable Trade Finance to include social impact and supply-chain solutions

    Launched during the Financing for Future Development conference taking place in Seville, Spain, the updated Principles feature new Principles for Social Trade Finance (PSoTF) that enable lenders to classify facilities whose proceeds directly benefit vulnerable or underserved populations and align with the Social Loan Principles and the United Nations Sustainable Development Goals. Additionally, the update introduces the ICC Principles for Sustainability-Linked Supply-Chain Finance (PSL-SCF), providing detailed guidance on KPI selection, target calibration, monitoring and de-classification across all parties involved. This gives buyers and their suppliers a consistent, incentive-based pathway to embed decarbonisation and social metrics in payables-finance programmes.

    Provide your feedback: Industry consultation now open until 5 September 2025

    ICC has launched a public consultation inviting feedback from stakeholders across the trade finance ecosystem on the new components (the PSoTF and PSL-SCF) of the Principles. The survey, available here, is open until 5 September 2025, and is essential to ensure the final framework balances technical rigor with practicality for users operating across diverse geographies and product sets. ICC expects to formally ratify the document in Q3/4 of 2025.

    Contact us: For more information on the Principles for Sustainable Trade Finance or to submit detailed comments, please reach out to:

    More insights

    MIL OSI Economics

  • MIL-OSI United Nations: Private Sector Partners Bring More Than Capital, ‘They Bring Creativity, Agility, Scale’, Deputy Secretary-General Tells International Business Forum

    Source: United Nations General Assembly and Security Council

    Following are UN Deputy Secretary-General Amina Mohammed’s remarks at the high-level session of the International Business Forum, in Sevilla, Spain, today: 

    It is a privilege to join you today at this pivotal moment for the future of development finance.

    Sadly, the world faces a sustainable development crisis.  Trade barriers are growing.  Aid budgets are shrinking.  Macroeconomic risks are mounting.  Debt burdens are dragging down growth.  Climate shocks are hitting harder and more often.  Development finance is at a critical inflection point.

    Official development assistance (ODA), long a cornerstone of international solidarity, declined by 7 per cent in real terms last year.  And further cuts are already on the table.

    But, the real picture is even starker.  Much of what is counted as ODA today is being redirected to cover domestic priorities, not long-term Sustainable Development Goals (SDG) investments.  At the same time, the SDG financing gap has ballooned to $4 trillion a year.

    Yet, amid this sobering reality lies an opportunity:  An opportunity to reimagine development finance for the world we live in now.  To move from a model built on assistance, to one driven by purpose and partnership.  From international assistance, to strategic, sustainable investment.

    In this new vision, public finance, national and international, remains essential.  Especially in sectors where market incentives are weak, but human needs are immense, like education, health, social protection.

    But public finance alone cannot carry the weight.  It must be used to unlock and leverage private investment, at scale and with speed.  The question we need to answer is clear:  What will it take for private capital to flow where it is most needed?

    The outcome document of the fourth International Conference on Financing for Development, the “Sevilla Commitment”, puts forward a compelling action agenda that seeks to answer this question.

    First, we need an enabling business environment, supported by strong institutions, policy coherence and investment pipelines.

    Second, we need better blended finance vehicles that deliver sustainable development impact and align with developing countries’ national priorities.  This requires standardizing blended finance with replicable and scalable structures, a ready pipeline of bankable projects and more transparency in the development outcomes of transactions.

    Third, we need financial innovation.  Equity instruments.  Auction mechanisms.  Creative tools that allow public and private actors to share risk and reward more fairly.

    Fourth, we must scale up aggregation platforms that expand catalytic capital and reduce transaction costs by pooling resources from international financial institutions.

    Fifth, it is time to reassess prudential regulations that may unintentionally discourage long-term investments in developing countries. We need to engage with regulators to ensure risk is not mispriced and regulation enables greater use of risk-sharing tools.

    Let’s be clear:  we must dramatically expand our sources of development capital, and we must do so urgently and intentionally.  This is why the United Nations calls on all actors across the investment ecosystem to join us in a long-term, collaborative effort to reshape development finance.

    At the UN, we are taking concrete steps to strengthen partnerships to unlock capital for sustainable development.  Platforms such as the Global Investors for Sustainable Development Alliance are bringing together private investors, foundations, policymakers and leaders across the development finance spectrum.  These leaders can shape sustainable finance frameworks, identify investment barriers and pilot innovative solutions.

    Working together, we can coordinate action, amplify impact and accelerate the global shift towards long-term, responsible development finance. Private sector partners bring more than capital.  They bring creativity, agility and scale.  They can power the transition to green energy, accelerate digital inclusion and revolutionize service delivery.

    Philanthropic partners are also uniquely positioned to take risks others cannot, test innovations and address gaps that markets and Governments may not reach.  They can back new models and ideas in early stage projects or help unlock larger flows of investment by building proof points and trust.

    Above all, our financing systems must work for those who have historically been excluded, and on a practical level that means that means removing structural barriers that keep capital out of the hands of women-led businesses, youth innovators and underserved communities.

    This is not about making tweaks here and there.  It is about rethinking the fundamentals.  The current financial system was not built for today’s world.  Let alone tomorrow’s.  We need a system that allocates capital not only by profit, but by purpose; not only by returns, but by impact.

    The next chapter of development finance is not yet written.  But, it must be a shared story written by all of us and accountable to all people.  So, let’s seize this moment and step into this new era not as donors or beneficiaries, but as equal partners, and deliver on the promise of sustainable development.  On behalf of the United Nations, I thank you for your leadership, your ideas and your resolve.

    MIL OSI United Nations News

  • MIL-OSI China: Intermodal land-sea cargo route connects China’s landlocked west to South America

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

    Intermodal land-sea cargo route connects China’s landlocked west to South America

    An aerial drone photo shows a view of a dock operation area at Chancay Port, Peru, on June 21, 2024. [Photo/Xinhua]

    CHONGQING, July 2 — A cargo train loaded with 84 TEU of complete vehicles departed from southwest China’s Chongqing Municipality on Monday. These vehicles will travel through the New International Land-Sea Trade Corridor to reach a Chinese port, and then board an ocean-going vessel bound for Chancay Port in Peru.

    This marks the first time the New International Land-Sea Trade Corridor has connected to Chancay Port. The cargo train will reach Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region, and the vehicles will sail from there.

    As an important project under the Belt and Road Initiative (BRI), the New International Land-Sea Trade Corridor has been playing a key role in connecting landlocked western China to global markets.

    An aerial drone photo taken on April 14, 2025 shows hydrogen-powered heavy-duty trucks awaiting departure from the dry port of the New International Land-Sea Trade Corridor in Chongqing, southwest China. [Photo/Xinhua]

    MIL OSI China News

  • Indian pharma exports strong at $4.9 billion in April-May, says Pharmexcil

    Source: Government of India

    Source: Government of India (4)

    Pharmaceutical exports in India stood strong at $4.9 billion in April-May FY26, according to the latest update by the Pharmaceuticals Export Promotion Council of India (Pharmexcil).

    Pharmexcil is an authorised export promotion agency under the Commerce and Industry Ministry.

    The data showed that the sector has made a 7.38 per cent expansion compared with the same period last year. This indicates that the industry is continuing with its upward trajectory and marking a significant presence globally.

    This growth is due to “strategic initiatives focused on sustainable manufacturing, expanded global market presence, and digital innovation,” Pharmexcil said, adding that the efforts may bolster India’s ambitious goal of achieving a trillion-dollar trade target for its pharma industry.

    “India’s pharmaceutical exports continue to demonstrate a steady year-over-year growth, with drug formulations and biologicals continuing to dominate the export category,” Namit Joshi, chairman of Pharmexcil, was quoted as saying in a media report.

    “We attribute this growth to rising global demand, streamlined regulatory approvals, technological innovations, strategic partnerships, and economic stability,” Joshi added.

    Notably, formulations and biologicals accounted for 75.74 per cent of the total of the pharma exports. Bulk drugs and drug intermediates also expanded by 4.40 per cent in May.

    Vaccine exports saw a 13.64 per cent increase and reached $190.13 million, while surgical items (up 8.58 per cent) and Ayush and herbal products (up 7.36 per cent) also saw healthy growth.

    According to Pharmexcil, about 76 per cent of India’s pharmaceutical export destinations include the North American Free Trade Agreement (NAFTA) region, as well as Europe, Africa, and Latin America.

    However, the US remains the top destination. In May, exports to the country were valued at $1.7 billion in May — representing 34.5 per cent of total pharma exports and a 1.5 per cent expansion.

    While Europe and Africa saw moderate growth, the ASEAN region emerged as a newly contracted area.

    According to Joshi, the India-UK Free Trade Agreement (FTA) discussions showed it will significantly enhance supply chains and improve access to affordable medicines. It will also attract foreign direct investment, particularly in contract development and manufacturing (CDMO) and joint research.

    (IANS)

  • Indian pharma exports strong at $4.9 billion in April-May, says Pharmexcil

    Source: Government of India

    Source: Government of India (4)

    Pharmaceutical exports in India stood strong at $4.9 billion in April-May FY26, according to the latest update by the Pharmaceuticals Export Promotion Council of India (Pharmexcil).

    Pharmexcil is an authorised export promotion agency under the Commerce and Industry Ministry.

    The data showed that the sector has made a 7.38 per cent expansion compared with the same period last year. This indicates that the industry is continuing with its upward trajectory and marking a significant presence globally.

    This growth is due to “strategic initiatives focused on sustainable manufacturing, expanded global market presence, and digital innovation,” Pharmexcil said, adding that the efforts may bolster India’s ambitious goal of achieving a trillion-dollar trade target for its pharma industry.

    “India’s pharmaceutical exports continue to demonstrate a steady year-over-year growth, with drug formulations and biologicals continuing to dominate the export category,” Namit Joshi, chairman of Pharmexcil, was quoted as saying in a media report.

    “We attribute this growth to rising global demand, streamlined regulatory approvals, technological innovations, strategic partnerships, and economic stability,” Joshi added.

    Notably, formulations and biologicals accounted for 75.74 per cent of the total of the pharma exports. Bulk drugs and drug intermediates also expanded by 4.40 per cent in May.

    Vaccine exports saw a 13.64 per cent increase and reached $190.13 million, while surgical items (up 8.58 per cent) and Ayush and herbal products (up 7.36 per cent) also saw healthy growth.

    According to Pharmexcil, about 76 per cent of India’s pharmaceutical export destinations include the North American Free Trade Agreement (NAFTA) region, as well as Europe, Africa, and Latin America.

    However, the US remains the top destination. In May, exports to the country were valued at $1.7 billion in May — representing 34.5 per cent of total pharma exports and a 1.5 per cent expansion.

    While Europe and Africa saw moderate growth, the ASEAN region emerged as a newly contracted area.

    According to Joshi, the India-UK Free Trade Agreement (FTA) discussions showed it will significantly enhance supply chains and improve access to affordable medicines. It will also attract foreign direct investment, particularly in contract development and manufacturing (CDMO) and joint research.

    (IANS)

  • MIL-OSI: Bitwise Lists NEAR Staking ETP on Xetra, Broadening Suite of Index-Based Staking Strategies

    Source: GlobeNewswire (MIL-OSI)

    • Bitwise NEAR Staking ETP is the latest addition to Bitwise’s European index-linked staking ETP suite — aiming to offer investors efficient, regulated exposure to NEAR, the Blockchain for AI.
    • NEAR Protocol: A high-performance, energy-efficient, layer-11blockchain built for the AI era—powering cross-chain interoperability and AI-native applications through fast, user-friendly infrastructure.
    • Staking: The Bitwise NEAR Staking ETP will seek to stake the NEAR tokens held by the product, with the objective of generating additional returns of approximately 5.5% net of fees and TER, while providing investors with daily liquidity on the stock exchange.

    02 July 2025. Frankfurt: Bitwise today announced the launch of the Bitwise NEAR Staking ETP (Ticker NEAR; ISIN DE000A4A5GV2) on Deutsche Börse Xetra. NEAR Protocol is a blockchain platform known for its approach to scalability, low-cost performance, and a user-first vision of decentralization – powering 45M+ monthly active users and 8M daily transactions2.

    The Bitwise NEAR Staking ETP is designed for both institutional and retail investors who are familiar with digital assets and seeking to diversify their portfolios. The launch marks another milestone in a series of product innovations designed to broaden investment access to the crypto market, provide high-quality investment solutions and timely market insights, and promote transparency and accountability in what is shaping up to be a landmark year for the crypto industry.

    The ETP is fully backed and issued in Germany, designed with the objective to deliver efficient staking returns, low total cost of ownership, and superior performance compared to other NEAR staking ETP solutions currently on the market. Staking yields accumulate daily in the ETP seeking to enhance performance. Using a robust and transparent benchmark, the CF NEAR Staked Return Index, investors can accurately track the performance of the ETP after costs and fees compared to the market standard NEAR staking return.

    The Biwise NEAR Staking ETP is the fourth to be launched as part of Bitwise’s European Total Return product suite including the Bitwise Ethereum Staking ETP (Ticker: ET32 | ISIN DE000A3G90G9), which recently surpassed €200 million in assets under management.

    Bradley Duke, Head of Europe at Bitwise, said: “We are so pleased to launch this new ETP in partnership with NEAR. There is a lot of noise in the world of crypto and we are excited to partner with a genuine innovator in both blockchain and AI. The Bitwise NEAR Staking ETP gives investors exposure to price movements in the NEAR token as well as compounded return from staking rewards all with Bitwise’s best-in-class ETP structure.”

    Illia  Polosukhin, Co-Founder NEAR Foundation:NEAR was built to power a new kind of internet—one where AI serves people, not platforms. This ETP brings that vision closer to investors worldwide. By making NEAR more accessible through Bitwise’s trusted products, we’re accelerating mainstream adoption of user-owned AI infrastructure.”

    NEAR Protocol – a layer-1 blockchain designed for usability and scalability

    NEAR Protocol is a blockchain platform designed to make advanced technologies like artificial intelligence more accessible and useful. Launched in 2020, NEAR addresses common challenges in blockchain—like slow speeds and high costs—by using a technology called sharding to process many transactions at once.

    What sets NEAR apart is its focus on real-world usability: it lets people access apps and services with usernames—similar to email addresses—rather than traditional Web3 wallet codes. It also operates across different blockchains, aiming to simplify the transfer of assets and data between platforms. NEAR is already being used to power AI tools, digital wallets, and applications that give users greater control over their data and digital identity. Its architecture is particularly well-suited for AI, providing the speed, scalability, and data privacy required to support AI-powered applications and autonomous agents.

    In Q2 2025, NEAR ranked #2 among the most-used blockchain platforms in terms of monthly active users, just after Solana3. This growth is driven in part by NEAR’s chain abstraction technology, which makes it easier for people to use apps across different blockchains without needing multiple wallets or tokens. With chain signatures, users can access and control accounts on other blockchains directly through their NEAR account, making cross-chain activity simple and intuitive.

    Developers also benefit from NEAR’s infrastructure. Its customizable smart contracts support multichain financial applications using secure cryptographic tools—without the need for bridges or wrapped tokens, which can introduce risk and complexity.

    Staking NEAR

    Staking is a way to generate income for crypto asset owners, and is a key feature for NEAR. On the NEAR Protocol, staking allows token holders to help validate transactions on the network, contributing to its security and reliability. In return, they earn additional tokens – so called staking rewards—similar to how dividends work in traditional equities.

    For investors, the Bitwise NEAR Staking ETP may offer a streamlined way to gain exposure to staking rewards without managing the technical aspects of staking or token custody directly. While direct NEAR holders can stake through wallets or validators, the ETP offers distinct benefits—particularly daily liquidity, as it is traded on regulated stock exchanges and involves no lock-up periods or manual delegation. Additionally, the underlying NEAR tokens are held in secure cold storage by a professional institutional custodian, which offers an added layer of asset protection.

    Key Product Details

    ETP Name Bitwise NEAR Staking ETP
    Primary Ticker NEAR
    ISIN / WKN DE000A4A5GV2 / A4A5GV
    Index Benchmark CF NEAR Staked Return Index
    Expected NET Staking Reward 5.5%*
    TER 0.85% p.a.

    *The Net Staking Reward reflects the staking return after all fees (Staking Service Fee and TER) have been deducted, on a per-ETP unit basis. This figure represents the return the ETP is expected to deliver, expressed in annualised, non-compounded % terms. Note: The rate is subject to change based on network and market dynamics. The Net Staking Rewards are accumulated daily within the ETP, seeking to enhance performance. This mechanism increases the cryptocurrency entitlement per ETP unit at the end of each trading day, meaning that the amount of NEAR backing each ETP share adjusts upward over time. You can view the current entitlement per ETP unit in the Cryptocurrency Entitlement Table available on the product page at www.bitwiseinvestments.eu/products.

    – Ends –

    About NEAR Foundation

    NEAR Protocol is the blockchain for AI. A high-performance, AI-native platform built to power the next generation of decentralized applications and intelligent agents. It provides the infrastructure AI needs to transact, operate, and interact across Web2 and Web3. NEAR combines three core elements: User-Owned AI, which ensures agents act in users’ best interests; Intents and Chain Abstraction, which eliminate blockchain complexity for seamless, goal-driven transactions across chains; and a sharded blockchain architecture that delivers the scalability, speed, and low-cost execution needed for real-world AI and Web3 use. This integrated stack makes NEAR the foundation for building secure, user-owned, AI-native applications at internet scale.

    About Bitwise

    Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

    In Europe, for the past five years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

    This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

    Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit http://www.bitwiseinvestments.eu

    Media contacts:

    JEA Associates
    John McLeod
    00 44 7886 920436
    john@jeaassociates.com

    Important information  
    This press release does not constitute investment advice, opinions are those of Bitwise and do not constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.  
      
    Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:  
    Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. Diversification does not guarantee a profit or protect against a loss. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.  Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks. 


    1 Source: NEAR Foundation
    2 Source: Bitwise Europe Research; NEAR Foundation
    3 Source: Artemis, Bitwise Europe; https://app.artemisanalytics.com/chains

    The MIL Network

  • MIL-OSI Africa: Minister of Planning, Economic Development and International Cooperation Discusses Developments in Joint Relations with United Nations Conference on Trade and Development (UNCTAD) Secretary-General and Oxford Poverty and Human Development Initiative (OPHI) Director


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    H.E. Dr. Rania A. Al-Mashat, Minister of Planning, Economic Development and International Cooperation, met with Ms. Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD), and Professor Sabina Alkire, Director of the Oxford Poverty and Human Development Initiative (OPHI).

    This was part of her ongoing participation in the Fourth International Conference on Financing for Development, held in Spain from June 29 to July 3, 2025, as a member of the Egyptian delegation headed by H.E. Dr. Mostafa Madbouly, Prime Minister, on behalf of H.E. President Abdel Fattah El-Sisi, President of the Republic of Egypt.

    H.E. Dr. Rania Al-Mashat discussed with the UNCTAD’s Secretary-General the joint relations between Egypt and UNCTAD, reviewing ways to elevate cooperation in the fields of economic development and investment.

    H.E. Dr. Al-Mashat expressed appreciation for the joint efforts with UNCTAD in issuing the Global Investment Report 2024, which monitors the most prominent trends in foreign direct investment worldwide. She highlighted the importance of this report in shedding light on Egypt’s position among the most attractive countries for investments, in light of the economic reforms implemented by the Egyptian government.

    The meeting also touched on the joint relations between Egypt and UNCTAD, underscoring the significance of cooperation in economic development and promoting foreign investments, in addition to utilizing the organization’s tools to measure the impact of development policies and enhance trade and investment strategies.

    In another context, Dr. Rania Al-Mashat met with Professor Sabina Alkire, Director of the Oxford Poverty and Human Development Initiative (OPHI), an economist and professor in the Department of International Development at Oxford University, to discuss endeavors to promote investment in human capital.

    The two sides reviewed human development efforts and increasing investment in human capital to improve living standards and foster inclusive and sustainable economic development.

    The meeting also highlighted the Global Multidimensional Poverty Index, reaffirming that it represents an annual international measure of acute multidimensional poverty, covering over 100 developing countries. This index is a key tool for measuring the severity of poverty through 7 main dimensions: education, health, basic services, employment, social protection, and food security.

    Distributed by APO Group on behalf of Ministry of Planning, Economic Development, and International Cooperation – Egypt.

    MIL OSI Africa

  • MIL-OSI Russia: Polytechnic University teachers completed internships at enterprises in the real sector of the economy

    Translation. Region: Russian Federal

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

    Employees of the Institute of Industrial Management, Economics and Trade completed an internship at the production sites of the Obukhov Plant. They studied the application of lean manufacturing principles in the context of the military-industrial complex. The teachers also completed an internship at the Gazprom Corporate Institute, aimed at teaching digital transformation and corporate management.

    In order to improve their qualifications and study the best practices of enterprises in the real sector of the economy, 12 teachers of the Higher School of Industrial Management completed a specialized internship at the production sites of the scientific and production association “North-West Regional Center of the Almaz-Antey Air Defense Concern – Obukhov Plant”. The emphasis was on the development of a lean manufacturing management system (Lean) at enterprises of the military-industrial complex (MIC).

    The internship included a detailed introduction to real production processes in the key workshops of the enterprise: thermal and mechanical processing, galvanic and foundry, as well as other technological areas. The teachers immersed themselves in the specifics of applying lean manufacturing principles in the conditions of a high-tech defense enterprise.

    The program covered several relevant areas:

    lean manufacturing in logistics: optimization of internal material flows, organization of warehouse management and supply systems; labor standards and production organization: methods of analysis and optimization of work operations, increasing labor productivity based on the Lean approach; information technology in lean manufacturing: use of digital tools for visualization of flows, data analysis and process management.

    The internship participants not only observed the work of the workshops, but also actively discussed with plant representatives specific cases and successful solutions in the field of implementation and development of the Lean system in the specific environment of the defense industry.

    We learned how lean manufacturing principles are adapted and work in the highly responsible sphere of the military-industrial complex. Of particular interest were practical solutions in the field of Lean logistics and the use of IT for managing production flows. This experience is invaluable for further work on training personnel and developing educational programs that are as close as possible to the real needs of leading industrial enterprises, including the defense sector, – shared the head of the cluster of educational programs “Industry Management”, associate professor of the Higher School of Management Management Irina Bagaeva.

    The internship was another step in strengthening the interaction between the Polytechnic University and the Obukhov Plant as an industrial partner. We see a real mutual enrichment of ideas and experience between our organizations. This is beneficial both in the educational activities of the university and in the production processes of the industrial enterprise, – said the head of the scientific and production association “North-West Regional Center of the Air Defense Concern “Almaz-Antey” – Obukhov Plant” Sergey Baushev.

    In addition, the teachers of the Higher School of Management and Management completed an internship at the Gazprom Corporate Institute in the educational complex located in the innovative business space “Lakhta Center”. They studied one of the most relevant vectors of development of education and the economy – corporate training in the context of digital transformation and the introduction of information technology.

    The event was organized and curated by specialists from the educational projects department of the Corporate Institute, headed by Deputy Director for Academic Affairs Vladislav Plotnikov. The program included a presentation of corporate approaches to training, a round table, and a question and answer session with representatives of the institute’s top management. The participants included teachers and specialists from the Higher School of Management and Management, involved in the development and implementation of educational programs related to the digital economy and the transformation of production management.

    Internships of teachers at the Obukhov Plant and the Gazprom Corporate Institute are an important element of our institute’s interaction with the real sector of the economy. The systematic practice of internships allows teachers to form new professional competencies, master practical skills and knowledge of modern technologies and methods of work in production, and update educational programs to meet employers’ requests, commented Vladimir Shchepinin, Director of the IPMEiT.

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: President Lai meets delegation from 2025 Taiwan International Ocean Forum

    Source: Republic of China Taiwan

    Details
    2025-06-30
    President Lai meets Minister of State at UK Department for Business and Trade Douglas Alexander  
    On the morning of June 30, President Lai Ching-te met with Douglas Alexander, Minister of State at the Department for Business and Trade of the United Kingdom. In remarks, President Lai thanked the UK government for its longstanding support for peace and stability across the Taiwan Strait. Noting that two years ago, Taiwan and the UK signed an enhanced trade partnership (ETP) arrangement, the president said that today Taiwan and the UK have signed three pillars under the ETP, which will help promote bilateral economic and trade cooperation. He expressed hope of the UK publicly supporting Taiwan’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) so that together we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. A translation of President Lai’s remarks follows: First, on behalf of the people of Taiwan, I extend a warm welcome to Minister Alexander and wish a fruitful outcome for the 27th round of Taiwan-UK trade talks later today. Taiwan-UK relations have grown closer in recent years. We have not only continued to strengthen cooperation in such fields as offshore wind power, innovative technologies, and culture and education but also have established regular dialogue mechanisms in the critical areas of economics and trade, energy, and agriculture. The UK is currently Taiwan’s fourth-largest European trading partner, second-largest source of investment from Europe, and third-largest target for investment in Europe. Two years ago, Taiwan and the UK signed an ETP arrangement. This was particularly meaningful, as it was the first institutionalized economic and trade framework between Taiwan and a European country. Today, this arrangement is yielding further results. I am delighted that Taiwan and the UK have signed three pillars under the ETP covering investment, digital trade, and energy and net-zero. This will help promote bilateral economic and trade cooperation and advance industrial development on both sides. I also want to thank the UK government for its longstanding support for peace and stability across the Taiwan Strait. This month, the UK published its Strategic Defence Review 2025 and National Security Strategy 2025, which oppose any unilateral attempts to change the status quo across the Taiwan Strait. These not only demonstrate that Taiwan and the UK share similar goals but also show that security and prosperity in the Indo-Pacific region are inseparable from those of the transatlantic regions. In addition, last November, the House of Commons passed a motion which made clear that United Nations General Assembly (UNGA) Resolution 2758 neither established the sovereignty of the People’s Republic of China over Taiwan nor determined Taiwan’s status in the United Nations. The UK government also responded to the motion by publicly expressing for the first time its position on UNGA Resolution 2758, opposing any attempt to broaden the interpretation of the resolution to rewrite history. For this, on behalf of the people of Taiwan, I once again want to extend my deepest gratitude. Taiwan and the UK have the advantage of being highly complementary in the technology sector. In facing the restructuring of global supply chains and other international economic and trade developments, I believe that Taiwan and the UK are indispensable key partners for one another. I look forward to the UK publicly supporting Taiwan’s accession to the CPTPP so that together, we can create an economic and trade landscape in the Indo-Pacific characterized by shared prosperity and development. In closing, I wish Minister Alexander a pleasant and successful visit. And I hope he has the opportunity to visit Taiwan for personal travel in the future. Minister Alexander then delivered remarks, saying that it is a great personal honor to meet with everyone today to discuss further deepening the UK-Taiwan trade relationship and explore the many opportunities our two sides can pursue together. He mentioned that he traveled to Taiwan in 2022 when he was a private citizen, a visit he thoroughly enjoyed, so he is delighted to be back to see the strength of the UK-Taiwan relationship and the strengthening of that relationship. He said that relationship is built on mutual respect, democratic values, and a shared vision for open, resilient, and rules-based economic cooperation. As like-minded partners, he pointed out, our collaboration continues to grow across multiple sectors, and he is here today to further that momentum. Minister Alexander stated that on trade and investment, he is proud that this morning we signed the ETP Pillars on Investment, Digital Trade, Energy and Net Zero, which will provide a clear framework for our future cooperation and lay the foundation for expanded access and market-shaping engagement between our two economies. The minister said he believes that together with our annual trade talks, this partnership will help UK’s firms secure new commercial opportunities, improve regulatory alignment, and promote long-term investment in key growth areas, which in turn will also support Taiwan’s efforts to expand high-quality trade relationships with trusted partners. Minister Alexander said that President Lai’s promotion of the Five Trusted Industry Sectors and the UK’s recently published industrial and trade strategies are very well-aligned, as both cover clean energy and semiconductors as well as advanced manufacturing. He then provided an example, saying that both sides plan to invest in AI infrastructure and compute power-creating opportunities for great joint research in the future. By combining our strengths in these areas, he said, we can open the door to innovative collaboration and commercial success for both sides. He mentioned that yesterday he visited the Taiwan Space Agency, commenting that in sectors such as satellite technology, green energy, and cyber security, British expertise and trusted standards can provide meaningful solutions. Noting that President Lai spoke in his remarks of the broader challenge of peace and security in the region, Minister Alexander stated that the United Kingdom has, of course, also continued to affirm its commitment to peace and stability in the Taiwan Strait, along with its G7 partners. The UK-Taiwan relationship is strategic, enduring, and growing, he stated, and they reaffirm and remain firm in their longstanding position and confident in their ability to work together to support both prosperity and resilience in both of our societies. Minister Alexander said that, as Taiwan looks to diversify capital and build global partnerships, they believe the UK represents a strong and ambitious investment destination, particularly for Taiwanese companies at the very forefront of robotics, clean tech, and advanced industry. He pointed out that the UK’s markets are stable, open, and aligned with Taiwan’s vision of a high-tech, sustainable future, adding that he looks forward to our discussion on how we can further deepen our cooperation across all of these areas and more. The delegation also included Martin Kent, His Majesty’s Trade Commissioner for Asia Pacific at the UK Department for Business and Trade. The delegation was accompanied to the Presidential Office by British Office Taipei Representative Ruth Bradley-Jones.   

    Details
    2025-06-27
    President Lai confers decoration on former Japan-Taiwan Exchange Association Chairman Ohashi Mitsuo
    On the morning of June 27, President Lai Ching-te conferred the Order of Brilliant Star with Grand Cordon upon former Chairman of the Japan-Taiwan Exchange Association Ohashi Mitsuo in recognition of his firm convictions and tireless efforts in promoting Taiwan-Japan exchanges. In remarks, President Lai stated that Chairman Ohashi cares for Taiwan like a family member, and expressed hope that Taiwan and Japan continue to deepen their partnership, bring about the early signing of an economic partnership agreement (EPA), and jointly build secure and stable non-red supply chains as we boost the resilience and competitiveness of our economies and jointly safeguard the values of freedom and democracy. A translation of President Lai’s remarks follows: Every meeting I have with Chairman Ohashi, with whom I have worked side by side for many years, is warm and friendly. I recall that when we met last year, Chairman Ohashi said that he often thinks about what Japan can do for Taiwan and what Taiwan can do for Japan, and that it is that mutual concern that makes us so close. This was a truly moving statement illustrating the relationship between Taiwan and Japan. Chairman Ohashi has also said numerous times that our bilateral relations may very well be the best in the entire world, and that in fact they may serve as a model to other countries. Indeed, Chairman Ohashi is himself an exemplary model for friendly relations between Taiwan and Japan. His spirit of always working tirelessly to promote Taiwan-Japan exchanges is truly admirable. Assuming the position of chairman of the Japan-Taiwan Exchange Association in 2011, he served during the terms of former Presidents Ma Ying-jeou and Tsai Ing-wen, continuously making positive contributions to Taiwan-Japan relations. Over these past 14 years, Taiwan and Japan have signed over 50 major agreements, spanning the economy and trade, fisheries, and taxes, among other areas. In 2017, the Taiwan-Japan Relations Association and the Japan-Taiwan Exchange Association underwent name changes, strengthening the essence and significance of Taiwan-Japan relations. These great achievements were all made possible thanks to the firm convictions and tireless efforts of Chairman Ohashi. On behalf of the people of Taiwan, I am delighted to confer upon Chairman Ohashi the Order of Brilliant Star with Grand Cordon to express our deepest thanks for his outstanding contributions. Chairman Ohashi is not just a good friend of Taiwan, but someone who cares for Taiwan like a family member. When a major earthquake struck in 2016, he personally went to Tainan to assess the situation and meet with the city government. This outpouring of friendship and support across borders was deeply moving. As we look to the future, I hope that Taiwan and Japan can continue to deepen our partnership. In addition to bringing about the early signing of an EPA, I also hope that we can expand collaboration in key areas such as semiconductors, energy, and AI, continue building secure and stable non-red supply chains, and boost the resilience and competitiveness of our economies as well as peace and stability in the Indo-Pacific. As Chairman Ohashi has said, the close bilateral relationship between Taiwan and Japan is one the world can be proud of. I would like to thank him once again for his contributions to deepening Taiwan-Japan ties. Taiwan will continue to forge ahead side by side with Japan, jointly safeguarding the values of freedom and democracy and mutually advancing prosperous development. I wish Chairman Ohashi good health, happiness, peace, and success in his future endeavors, and invite him to return to Taiwan often to visit old friends. Chairman Ohashi then delivered remarks, first thanking President Lai for his kind words. He stated that the Taiwan-Japan relationship is not only worthy of praise; it can also serve as a superb model in the world for bilateral relations that is worthy of study by other countries. He added that this is the result of the collective efforts of President Lai as well as many other individuals. Chairman Ohashi said that the current international situation is rather severe, with wars and conflicts occurring between many neighboring countries. He said that there is a growing trend of nuclear weapon proliferation, emphasizing that use of such weapons would cause significant harm between nations. He also pointed out that some countries even use nuclear weapons as a threat, leading to instability and impacting the global situation. Chairman Ohashi said that neither Taiwan nor Japan possesses nuclear weapons, which is something to be proud of. That is why, he said, we can declare that a world without nuclear weapons is a peaceful world. He also mentioned that during his tenure as chairman of the Japan-Taiwan Exchange Association, he consistently upheld this principle in his work. Chairman Ohashi said that the mission of the World Federalist Movement (WFM) is to promote world peace. He said that the WFM has branches in countries worldwide, with the WFM of Japan being one of the most prominent, and that it also aspires to achieve the goal of world peace. Having served as chairman of the Japan-Taiwan Exchange Association for 14 years, he said, he is now stepping down from this role and will serve as the chairman of the WFM of Japan, aiming to promote peace in countries around the world. Chairman Ohashi said that both Taiwan and Japan can take pride in our friendly bilateral relationship, emphasizing that if the good relationship between Japan and Taiwan could be offered as an example to countries around the world, there would be no more wars. He expressed his sincere hope that under President Lai’s leadership, Taiwan and Japan can work together to jointly promote world peace. Also in attendance at the ceremony was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-06-25
    President Lai meets Japan’s former Economic Security Minister Kobayashi Takayuki
    On the afternoon of June 25, President Lai Ching-te met with Kobayashi Takayuki, Japan’s former economic security minister and a current member of the House of Representatives. In remarks, President Lai expressed hope to combine the strengths of the democratic community to build resilient, reliable non-red supply chains, and ensure a resilient global economy and sustainable development. He also expressed hope that Taiwan and Japan can bring about the early signing of an economic partnership agreement (EPA), and that Japan will continue supporting Taiwan’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. The following is a translation of President Lai’s remarks: I welcome Representative Kobayashi back to Taiwan for another visit after seven years. During his last visit, he was with a delegation from the Liberal Democratic Party (LDP) Youth Division, and we met at the Executive Yuan. I am very happy to see him again today. Representative Kobayashi has long paid close attention to matters involving economic security, technological innovation, and aerospace policy. He also made a stunning debut in last year’s LDP presidential election, showing that he is truly a rising star and an influential figure in the political sphere. With this visit, Representative Kobayashi is demonstrating support for Taiwan with concrete action, which is very meaningful. Taiwan and Japan are both part of the first island chain’s key line of defense. We thank the many Japanese prime ministers, including former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio, as well as current Prime Minister Ishiba Shigeru, for the many times they have highlighted the importance of peace and stability in the Taiwan Strait at important international venues, and for expressing opposition to the use of force or coercion to unilaterally change the status quo in the Taiwan Strait. I hope that Taiwan and Japan can engage in more cooperation and exchanges to promote peace and prosperity in the Indo-Pacific region in all aspects. In particular, China in recent years has been actively expanding its red supply chains, which threaten the global free trade system and advanced technology markets. Taiwan hopes to combine the strengths of the democratic community to build resilient, reliable non-red supply chains. In the semiconductor industry, for example, Taiwan has excellent advanced manufacturing capabilities, while Japan plays an important role in materials, equipment, and key technologies. I am confident that, given the experience that Taiwan and Japan have in cooperating, we can build an industrial supply chain composed of democratic nations to ensure a resilient global economy and sustainable development. I hope that Taiwan and Japan can bring about the early signing of an EPA in order to deepen our bilateral trade and investment exchanges and cooperation. I also hope that Japan will continue supporting Taiwan’s bid to join the CPTPP, enhancing our own bilateral partnership, as doing so would create win-win situations and further contribute to regional economic security and stability. Taiwan and Japan are democratic partners that share the values of freedom, democracy, and respect for human rights. I firmly believe that so long as we work together, we can certainly address the challenges posed by authoritarianism, and bring prosperity and development to the Indo-Pacific region. In closing, I welcome Representative Kobayashi once again. I am certain that this visit will help enhance Taiwan-Japan exchanges and deepen our friendship. Representative Kobayashi then delivered remarks, first thanking President Lai for taking the time to meet with him, and noting that this was his second visit to Taiwan following a trip seven years prior, when he came with his good friend from college and then-Director of the LDP Youth Division Suzuki Keisuke, now Japan’s minister of justice. Representative Kobayashi mentioned a Japanese kanji that he is very fond of – 絆 (kizuna) – which means “deep ties of friendship.” He emphasized that a key purpose of this visit to Taiwan was to reiterate the deep ties of friendship between Taiwan and Japan. In addition to deep historical ties, he said, Taiwan and Japan also enjoy a like-minded partnership in terms of economic, personnel, and friendship-oriented exchanges. He went on to say that at the strategic level, Taiwan and Japan also have deep ties of friendship, and that for Japan, it is strategically important that Taiwan not be isolated under any circumstances. Representative Kobayashi emphasized that cooperation between Taiwan and Japan, and even cooperation among Taiwan, Japan, and the United States, are more important now than ever, and that another important focus of this visit is the non-red supply chains referred to earlier by President Lai. He said that as Japan’s first economic security minister and the person currently in charge of the LDP’s policy on economic security, he is acutely aware of the important impact of economic security on national interests, and therefore looks forward to further exchanging views regarding Taiwan’s concrete steps to build non-red supply chains. The delegation was accompanied to the Presidential Office by Japan-Taiwan Exchange Association Deputy Representative Takaba Yo.

    Details
    2025-06-16
    President Lai meets delegation led by Representative Bera, co-chair of US Congressional Taiwan Caucus
    On the morning of June 16, President Lai Ching-te met with a delegation led by Representative Ami Bera, co-chair of the US Congressional Taiwan Caucus. In remarks, President Lai thanked the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives to strengthen Taiwan-US ties, helping expand Taiwan’s international space and continuing to place focus on peace and stability across the Taiwan Strait. The president said that we will continue to strengthen bilateral investment and industrial cooperation and create a more comprehensive environment for economic and trade exchanges to jointly enhance economic and developmental resilience. A translation of President Lai’s remarks follows: I am delighted to meet with the delegation and welcome Congressman Bera back to the Presidential Office. Last January, he visited after the presidential election, demonstrating the steadfast backing of the US Congress for democratic Taiwan. This time, as head of a delegation of new members of the House Armed Services Committee and the Foreign Affairs Committee, he is continuing to foster US congressional support for Taiwan. On behalf of the people of Taiwan, I extend a sincere welcome to Congressman Bera and all our esteemed guests. Over the years, staunch bipartisan US congressional backing of Taiwan has been a key force for steadily advancing our bilateral relations. I thank the representatives in Congress for actively voicing support for Taiwan and proposing numerous Taiwan-friendly initiatives, thereby strengthening Taiwan-US ties, helping expand Taiwan’s international space, and continuing to place focus on peace and stability across the Taiwan Strait. I want to emphasize that Taiwan has an unwavering determination to safeguard peace and stability in the Indo-Pacific region. Over the past year, the government and private sector have been working together to enhance Taiwan’s whole-of-society defense resilience and accelerate reform of national defense. The government is also prioritizing special budget allocations to ensure that our defense budget exceeds three percent of GDP this year. I hope that Taiwan-US security cooperation will evolve beyond military procurement to a partnership that encompasses joint research and development and joint production, further strengthening cooperation and exchange in the defense industry. Regarding industrial exchanges, last month, Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Minister of Economic Affairs Kuo Jyh-huei (郭智輝) each visited Texas to see firsthand Taiwan-US collaboration in AI and semiconductors. And the delegation led by Executive Yuan Secretary-General Kung Ming-hsin (龔明鑫) sent by Taiwan to this year’s SelectUSA Investment Summit in Washington, DC, was again the largest of those attending. All of this demonstrates Taiwan’s commitment to working alongside the US to create mutual prosperity. In the future, we will continue to strengthen bilateral investment and industrial cooperation. And I hope that the legislation addressing the issue of Taiwan-US double taxation will become law this year. I want to thank Congressman Bera for co-leading a joint letter last November signed by over 100 members of Congress calling for such legislation. I believe that by creating a more comprehensive environment for economic and trade exchanges, Taiwan and the US can enhance economic and developmental resilience. In closing, I thank you all for making the long journey here to advance Taiwan-US relations. Let us continue working together to promote the prosperous development of this important partnership. Congressman Bera then delivered remarks, saying that on behalf of the delegation, it is an honor for him to be here once again, it being last January that he and Congressman Mario Díaz-Balart visited and congratulated President Lai on his election victory, noting that theirs was the first congressional delegation to do so. Congressman Bera said that this is an important time, not just for the US and Taiwan relationship, but for all relationships around the world. When we look at conflicts in Europe and in the Middle East, he said, it is incumbent upon democracies to hold the peace in Asia. He emphasized that is why it is important for them to bring a delegation of members of the Foreign Affairs Committee and the Armed Services Committee, adding that he believes for all of them it is their first trip to Taiwan.  Congressman Bera said that while this is a delegation of Democratic members of Congress, in a bipartisan way all of Congress continues to support the people of Taiwan. As such, in this visit he brings support from his co-chairs on the Taiwan caucus, Congressman Díaz-Balart and Congressman Andy Barr. He also took a moment to recognize the passing of Congressman Gerald Connolly, who was a longtime friend of Taiwan and one of their co-chairs on the caucus. Congressman Bera mentioned that there is always a special bond between himself and President Lai because they are both doctors, and as doctors, their profession is about healing, keeping the peace, and making sure everybody has a bright, prosperous future. In closing, he highlighted that it is in that spirit that their delegation visits with the president. The delegation also included members of the US Congress Gabe Amo, Wesley Bell, Julie Johnson, Sarah McBride, and Johnny Olszewski.

    Details
    2025-06-13
    President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel
    On the morning of June 12, President Lai Ching-te met a delegation led by Marie-Noëlle Battistel, chair of the French National Assembly’s Taiwan Friendship Group. In remarks, President Lai thanked the National Assembly for its long-term support for Taiwan’s international participation and for upholding security in the Taiwan Strait, helping make France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. The president also said that exchanges and cooperation between Taiwan and France are becoming more frequent, and that he hopes this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations and help build closer partnerships in the economy, trade, energy, and digital security.  A translation of President Lai’s remarks follows: First, I would like to welcome Chair Battistel, who is once again leading a visiting delegation. Last year, Chair Battistel co-led a delegation to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao. This is her fourth visit, and first as chair of the Taiwan Friendship Group, which makes it especially meaningful. This delegation’s visit demonstrates strong support for Taiwan, and on behalf of the people of Taiwan, I want to express my sincerest welcome and thanks. France is a pioneer in promoting free and democratic values. These are values that Taiwan cherishes and is working hard to defend. I want to express gratitude to the French Parliament for their long-term support for Taiwan’s international participation, and for upholding security in the Taiwan Strait. The French Parliament’s two chambers have continued to strongly support Taiwan, with the passage of a resolution supporting Taiwan’s participation in international organizations in 2021, as well as the passage of the seven-year Military Programming Law in 2023. This has made France the first major country in the world to enact legislation to uphold freedom of navigation in the Taiwan Strait. Through it all, the Taiwan Friendship Group has played a key role, and I want to thank all of our distinguished guests for their efforts. Over the past few years, Taiwan and France have continued to deepen cooperation in areas including the economy, technology, culture, and sports. At the Choose France summit held in Paris last month, Taiwanese and French enterprises also announced they will launch cooperation in the semiconductor and satellite fields. The VivaTech startup exhibition, now being held in France, also has many Taiwanese vendors participating. Exchanges and cooperation between Taiwan and France, whether official or people-to-people, are becoming more and more frequent. I hope that this visit by the Taiwan Friendship Group will inject new momentum into Taiwan-France relations, building closer partnerships in the economy, trade, energy, and digital security.  To address current geopolitical and economic challenges, Taiwan will continue to join forces with France and other like-minded countries to jointly safeguard peace and stability in the Indo-Pacific region, and contribute our concerted efforts to global prosperity and development. Once again, I want to welcome our visitors to Taiwan. I hope to continue our joint efforts to create a more prosperous future for both Taiwan and France.   Chair Battistel then delivered remarks, thanking President Lai for extending this invitation. Last year on May 20, she said, she and her delegation attended the presidential inauguration ceremony, so she was delighted to visit Taiwan once again with the French National Assembly’s Taiwan Friendship Group and bear witness to their friendship with Taiwan. Chair Battistel noted that this visit has given them an opportunity to strengthen Taiwan-France relations in areas including the economy, culture, the humanities, and diplomacy, and conduct exchanges with numerous heads of government agencies and research institutes. It has also been an opportunity, she said, to witness the importance of exchanges and cooperation with Taiwan in areas including energy, semiconductors, youth, and culture, and the impact created by important issues of mutual concern, including AI and disinformation, on the security of many countries. Chair Battistel praised Taiwan for its youth development efforts, and said that under the Taiwan Global Pathfinders Initiative, 30 Taiwanese young people have embarked on a visit to France, with itineraries including the United Nations Ocean Conference and the VivaTech exhibition, as well as the city of Toulouse, which is strategically important for the aerospace industry. Members of the group are also conducting exchanges at the French National Assembly, she said.  Chair Battistel stated that the Taiwan-France partnership is growing closer, and that she hopes to continue to strengthen bilateral exchanges and cooperation, as supporting peace for Taiwan supports peace around the world.  The delegation also included Taiwan Friendship Group Vice Chair Éric Martineau, as well as National Assembly Committee on Foreign Affairs Vice Chair Laetitia Saint-Paul and Deputies Marie-José Allemand and Claudia Rouaux. The delegation was accompanied to the Presidential Office by French Office in Taipei Deputy Director Cléa Le Cardeur.

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

    MIL OSI Asia Pacific News

  • MPEDA hosts inaugural National Skill Olympiad to boost seafood value addition

    Source: Government of India

    Source: Government of India (4)

    The Marine Products Export Development Authority (MPEDA), under the Ministry of Commerce & Industry, successfully on Tuesday held the grand finale of its first-ever National Skill Olympiad on seafood value addition at the Seafood Expo Bharat in Chennai. The initiative aims to foster a skilled workforce and promote innovation in value-added seafood exports.

    Emerging victorious in the closely contested final was Thanseer K R of Abad Foods, Malipuram, Kerala. The awards were presented by Member of Parliament and MPEDA Authority Member Hibi George Eden D. V. Swamy, Chairman of MPEDA.

    The Olympiad, a pioneering effort by MPEDA, saw participation from trained seafood processing professionals from both the East and West coasts of India. Preliminary rounds were held in Kochi on May 29 and in Visakhapatnam on June 5, with the top ten candidates advancing to the semi-finals on June 30. From there, four finalists were selected for the finale.

    The final round featured professionals from across the country competing on aspects such as quality, hygiene, execution, and presentation. Balamurugan I from Edhayam Frozen Foods Pvt Ltd, Tuticorin, Tamil Nadu secured second place, while Sandya Rani Palaparthi of Coastal Cooperation Ltd, Kakinada, Andhra Pradesh came third. D. Anitha, also from Kakinada, representing Sandhya Aqua Exports Pvt Ltd, finished fourth.

    Prize money of ₹1,00,000 was awarded to the winner, followed by ₹75,000 and ₹50,000 for second and third place respectively. The fourth-place finalist received a consolation prize of ₹25,000. All participants were also honoured with medals and certificates.

    Speaking at the event, Hibi Eden lauded MPEDA’s innovative approach in organizing the Olympiad and emphasized its role in advancing India’s seafood export industry. Chairman Shri D. V. Swamy highlighted the Olympiad’s contribution toward making India a global hub for value-added seafood and announced plans to make the event an annual feature in MPEDA’s calendar.

    The finale drew participation from a wide range of stakeholders, including officials from Central and State fisheries departments, seafood exporters, foreign buyers, and delegates of the ongoing Seafood Expo Bharat 2025.

    In addition to the competition, seafood products crafted by the finalists were showcased for public viewing, accompanied by a live tasting session at the MPEDA Skill Olympiad pavilion, giving attendees a direct experience of the culinary excellence and processing expertise on display.

  • MIL-OSI Russia: Bolivarian Alliance Condemns US Policy Towards Cuba

    Translation. Region: Russian Federal

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

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

    CARACAS, July 2 (Xinhua) — The Bolivarian Alliance for the Peoples of the Americas-Peoples’ Trade Agreement (ALBA-TPA) on Tuesday strongly condemned the U.S. policy of intensifying economic aggression against Cuba.

    In its statement, the Latin American bloc condemned Washington’s decision to renew the presidential memorandum strengthening the blockade of Cuba.

    The decision marks an intensification of US efforts to achieve regime change and undermine key sectors in Cuba, including tourism, health, migration, cultural and academic exchanges, and access to technology, the alliance said in a statement.

    The true intention of the US government is to dominate Cuba and control its future, the statement said. The Bolivarian Alliance stressed its unwavering solidarity with the Cuban people and government in defense of sovereignty, freedom and self-determination. –0–

    MIL OSI Russia News

  • MIL-OSI: Equinor ASA: Completed share capital reduction

    Source: GlobeNewswire (MIL-OSI)

    On 14 May 2025, the annual general meeting in Equinor ASA (OSE: EQNR, NYSE: EQNR) decided that the company’s share capital shall be reduced by NOK 589,934,295 from NOK 6,981,953,075 to NOK 6,392,018,780, through cancellation and redemption of a total of 235,973,718 shares.

    The creditor deadline for the capital reduction has expired and the capital reduction was registered effective with the Norwegian Register of Business Enterprises today, 2 July 2025.

    Following completion of the capital reduction the share capital of the company is NOK 6,392,018,780 divided into 2,556,807,512 shares of NOK 2.50 each.

    This information is subject to the disclosure requirements pursuant to Euronext Oslo Børs Rulebook II section 4.2.5.5 and Section 5-12 of the Norwegian Securities Trading Act.

    Contact persons:

    Investor relations:
    Bård Glad Pedersen, Senior vice president Investor Relations,
    +47 918 01 791

    Media relations:
    Sissel Rinde, Vice president Media Relations,
    +47 412 60 584

    The MIL Network

  • MIL-OSI: DNO Secures North Sea Gas Offtake and Related USD 500 Million Financing Facility; Adds Arrows to its Quiver

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 2 July 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned Norway operating subsidiaries have entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major US bank for up to USD 500 million.

    The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025.

    Related to the agreement, DNO has entered into an offtake financing facility with a US bank for up to USD 500 million. Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables. The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.

    Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.

    “We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” he explained.

    Given availability of attractive offtake financing terms, DNO has repaid and will not renew over USD 600 million in RBLs across its North Sea subsidiaries. In addition, the Company has borrowed USD 300 million under a one-year bank bridge loan “to add more arrows to our quiver,” according to Mr. Mossavar-Rahmani.

    Separately, DNO is in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.

    – 

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    – 

    DNO ASA is a leading Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI: DNO Secures North Sea Gas Offtake and Related USD 500 Million Financing Facility; Adds Arrows to its Quiver

    Source: GlobeNewswire (MIL-OSI)

    Oslo, 2 July 2025 – DNO ASA, the Norwegian oil and gas operator, today announced that the Company’s wholly-owned Norway operating subsidiaries have entered into an offtake agreement with France’s ENGIE SA for DNO’s Norwegian gas production and secured a related offtake financing facility with a major US bank for up to USD 500 million.

    The offtake agreement covers the entirety of DNO’s Norwegian gas production post acquisition of Sval Energi Group AS, offers premium pricing and has a tenor of four years as from 1 October 2025.

    Related to the agreement, DNO has entered into an offtake financing facility with a US bank for up to USD 500 million. Under the facility, DNO is paid, by the bank, the value of up to 270 days of scheduled gas production based on future gas sales receivables. The all-in interest rate for drawn amounts under the facility is significantly below conventional reserve-based lending (RBL) terms available to DNO, with no charges for undrawn amounts. There are no financial covenants related to the facility.

    Proceeds from the offtake financing facility will be used to replace Sval Energi’s similar existing facilities as well as for general corporate purposes.

    “We have received strong interest by buyers to prepurchase our enlarged North Sea production of 80,000 barrels of oil equivalent per day split about equally between oil and gas,” said DNO’s Executive Chairman Bijan Mossavar-Rahmani. “These three-way transactions are made possible because buyers are eager to lock in secure supplies of Norwegian oil and gas and US banks, in particular, have significantly stepped up fossil fuel lending,” he explained.

    Given availability of attractive offtake financing terms, DNO has repaid and will not renew over USD 600 million in RBLs across its North Sea subsidiaries. In addition, the Company has borrowed USD 300 million under a one-year bank bridge loan “to add more arrows to our quiver,” according to Mr. Mossavar-Rahmani.

    Separately, DNO is in discussions to establish an offtake agreement and related financing facility on comparable terms for its North Sea oil production.

    – 

    For further information, please contact:
    Media: media@dno.no
    Investors: investor.relations@dno.no

    – 

    DNO ASA is a leading Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire and Yemen. More information is available at www.dno.no.

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    The MIL Network

  • MIL-OSI New Zealand: Dairy Sector – Guy Roper to Chair NZ Dairy Companies Association (DCANZ)

    Source: Dairy Companies Association of New Zealand (DCANZ)

    The Dairy Companies Association of New Zealand (DCANZ) has appointed Guy Roper as its Independent Chairman.
    Mr Roper takes up the position from Matt Bolger, who stepped down at the end of last year following his appointment to Fonterra’s senior management team.
    Mr Roper is an experienced director, with a strong background in the dairy industry.
    As Chief Executive of Port Taranaki for six years up until 2021, he played an important role in the supply chain that enables New Zealand’s dairy exports. Before this, he held a variety of roles in the dairy sector, including at Fonterra as Global Account Director for Nestlé and as Commercial Director of Global Trade and Ingredients, as well as a farmer-elected director of the former Kiwi Co-operative Dairies, one of the two co-operatives that merged to form Fonterra. He currently holds directorships of Fisher Funds Management and Port Nelson.
    As Independent Chair of DCANZ, Mr Roper will chair a governance group comprising CEO’s and executive leaders of 11 dairy companies that together account for more than 98% of the milk processed in New Zealand. These companies come together at DCANZ to work in the best interests of the dairy industry.
    “DCANZ is pleased to welcome Guy to this role,” says Brendhan Greaney, CEO of Tatua, speaking on behalf of the DCANZ Executive Committee.
    “His governance capabilities, combined with a wealth of relevant knowledge and experience from previous executive roles, and his general passion for improving New Zealand’s prosperity through trade, will be important assets for DCANZ.”
    Mr Roper says: “I am excited to have this opportunity to contribute to a sector that I believe in and identify with.
    “The dairy industry plays an important role in New Zealand, and the leadership of dairy companies matters, especially in challenging times”.
    DCANZ is focused on growing dairy trade opportunities. Not only does this mean bringing down trade barriers, it also includes ensuring dairy exports, which currently deliver 35% of New Zealand’s total goods trade earnings, continue to be supplied within efficient and globally respected food regulatory and biosecurity frameworks. DCANZ also works to maintain New Zealand’s reputation as a reliable supplier of top-quality, safe and sustainably produced dairy products.

    MIL OSI New Zealand News

  • MIL-OSI China: Shanghai Cooperation Organization sculpture show opens in Qingdao

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

    An exhibition featuring 48 sculptures from Shanghai Cooperation Organization (SCO) member countries recently opened in Qingdao, Shandong. 

    The exhibition, themed “Forging the Shanghai Spirit,” aims to highlight the vibrant art scenes of SCO member countries and promote the vision of a global community of shared future. It will run through July 6.

    The exhibition showcases works that blend local cultures with contemporary themes. Some Chinese artists drew inspiration from cultural figures of other member countries, turning mutual respect and cultural exchange into tangible art pieces.

    The event is co-hosted by China International Communications Group, the National Art Museum of China, and the SCO Secretariat. Undertaking organizations include China Pictorial Publications, the Administrative Committee of China-SCO Local Economic and Trade Cooperation Demonstration Area, The Chinese Urban Sculpture Artists Association, and Qingdao National Resources and Planning Bureau. It seeks to strengthen cultural ties and enhance artistic cooperation among SCO member states. 

    A 2012 sculpture of ancient Taoist philosopher Laozi by Wu Weishan is featured at the SCO sculpture exhibition in Qingdao, Shandong, running through July 6. [Photo courtesy of China Pictorial Publications and National Art Museum of China]

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    MIL OSI China News

  • MIL-OSI China: South China island province offers 40M yuan in summer tourism subsidies

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

    People visit the Domestic Brands Zone of the 5th China International Consumer Products Expo (CICPE) in Haikou, south China’s Hainan Province, April 17, 2025. [Photo/Xinhua]

    China’s southern island province of Hainan launched a summer tourism promotion campaign on Tuesday, and will offer 40 million yuan (about 5.59 million U.S. dollars) in subsidies to stimulate seasonal tourism spending, local authorities said.

    The program runs from July to September and will provide targeted subsidies to help cover travel to and from the province, accommodation, tickets to tourist attractions and dining expenses, according to the Hainan provincial department of tourism, culture, radio, television and sports.

    Tourists can upload valid receipts through designated online platforms. Subsidies ranging from 150 yuan to 3,060 yuan will then be directly refunded to visitors’ personal bank accounts.

    Hainan is expected to host more than 100 cultural, tourism and sports events this summer, including festivals, live performances and athletic competitions, to showcase the island’s diverse charm.

    Known for its year-round sunshine and pristine beaches, Hainan is seeking to revitalize its tourism industry. China aims to transform the province into a globally influential tourism and consumption destination by 2035.

    In 2024, Hainan recorded a total of over 97.2 million tourist visits, including both domestic and international visits, marking an 8-percent year-on-year increase. Total tourism expenditure grew by 12.5 percent last year — reaching 204 billion yuan, official data revealed.

    This year, the province is hoping to welcome more than 100 million tourist visits, both domestic and international.

    As part of its broader economic strategy, China is transforming Hainan into a Free Trade Port (FTP). As the Hainan FTP is set to begin independent customs operations by the end of the year, the province is poised to become not only a tourist haven but also a pivotal gateway for China’s opening-up drive. 

    MIL OSI China News