Latest news with #BNI
Business Mayor
25-05-2025
- Business
- Business Mayor
Something is Brewing in Ireland: A Sound Punt Is Released, As Bitcoin Enters The National Conversation
For years, Bitcoin in Ireland has quietly simmered at the grassroots level—discussed in pubs and meetups, debated in Telegram groups, and occasionally splashed across headlines with predictable suspicion. But recently, the temperature is beginning to rise. With the release of 'A Sound Punt: The Case for Ireland's Interest in Bitcoin' by Bitcoin Network Ireland (BNI), and a weekend that sees both the Bitcoin Ireland Conference and Aontú's Ard Fheis, it's clear momentum is building on the Emerald Isle. The new paper, released today by Bitcoin Network Ireland, is a concise, accessible document crafted to cut through the noise and present the merits of Bitcoin to the general public and politicians alike. Its aim is straightforward: provide a rational, jargon-free entry point into why Bitcoin matters, especially in an era of euro debasement and rising living costs. The name itself is a clever pun—while it is a nod to both 'sound money' and Ireland's former currency, the punt, it also playfully suggests that although the majority of people view it as associated with risk, this may be worth reevaluating. It's a signal that this is about more than technology: it's about claiming monetary sovereignty and re-examining what makes money 'good' in the first place. What BNI is attempting to accomplish is bridging an important gap in understanding, helping citizens seeking change and government officials looking for solutions to recognize that sound, stateless money has value for everyone. As Parker Lewis famously noted, 'Like all successful monies, Bitcoin is money for enemies'—a neutral system that serves all participants regardless of their political stance. To appreciate the significance of this moment, it's worth noting that Ireland's relationship with money has always been distinct from its European neighbors. While the Romans introduced coinage to Britain over a thousand years before it was adopted in Ireland. The native Irish resisted state-issued money, relying instead on barter and bullion well into the second millennium. In ancient Ireland, the absence of coinage was a testament to a society that was stateless, highly decentralised, and it embraced a polycentric legal system varying between clans. The ideal of that society was that no man in society has rule over others, and even kings could be disposed of if they abused their power. So it's perhaps no coincidence that Ireland was the last European society to adopt coinage, as coinage gives power to rulers. Eventually, it was forced upon the land by the English crown in 1601, this period coincided with the final stages of the Nine Years' War (1594-1603) and the increasing English control over Ireland. To this day, Ireland has never had its own free-floating currency; it has always been tethered to external powers: first the pound sterling, then the European Monetary System, and now the euro under the ECB. So it should come as no coincidence that in recent years, the EU is growing unabated in power and influence over Ireland. ' Give me control over a nation's currency, and I care not who makes its laws. ' — Mayer Amschel Rothschild (1743–1812) Perhaps, given this historical context, Ireland is uniquely positioned to understand the value of sound, stateless money. Bitcoin represents a return to the monetary independence that preceded state-issued currencies, but with the technological advantages of the digital age. Where ancient Irish kingdoms used market goods that couldn't be manipulated by distant authorities, Bitcoin offers a modern equivalent: a system that can't be debased or controlled by any power, whether domestic or foreign. This historical skepticism toward centrally-controlled currency is resurfacing in the present, as the Irish state and its citizens face a new wave of economic uncertainty via euro debasement and tariffs. Geopolitical and economic tensions have rarely felt less stable. Tariff disputes, renewed questions over Ireland's foreign direct-investment model, and potential tech and pharma layoffs are sure to sharpen the focus on sovereignty and resilience. The release of 'A Sound Punt' is timely, inviting the nation to once again question the wisdom of tying its fortunes to distant monetary authorities. Coinciding with the release of 'A Sound Punt,' Dr. Niall Burke—a respected academic and BNI member—will be putting forward two motions at the Aontú Ard Fheis (party conference). Aontú, the party that saw the largest surge in votes in the last general election, has shown itself to be receptive to Bitcoin and is opening its doors to conversations that, until recently, were relegated to the margins. That Bitcoin motions are being presented and accepted at a major party conference is a marker of how the conversation is turning. Read More French Regulator Revises Crypto Rules to Align With EU's MiCA Law Meanwhile, the Bitcoin Ireland Conference is gathering the country's growing community of plebs, builders, and advocates. These circles, once on the periphery, are now finding doors opening in political circles. It's not just Bitcoiners who are seeking alternatives. Ireland is witnessing its largest public demonstrations since the post-GFC days of 2012. Recent marches have drawn in excess of 100,000 people to the streets of Dublin. These protests reflect deep frustration and a sense that the political establishment is no longer in alignment with its people. What's particularly striking is how Bitcoin could serve as common ground for seemingly opposing interests. For protesters, Bitcoin offers protection from inflation and defends against government overreach. For a government concerned about economic stability and growth, Bitcoin may be the very solution it needs, especially to protect pension funds and indeed the state's very own investment fund—ISIF, from inflation over the coming decades. This is the paradox and promise of sound, stateless money. It serves everyone's interests because it enforces property rights, and can't be captured or controlled by any single faction. Last, but not least, MMA star Conor McGregor's foray into both politics and Bitcoin is something few would have predicted a year ago, but for those with an ear to the ground, this has been a developing story for some time. His proposal for a national Bitcoin reserve is emblematic of a broader national shift: Bitcoin is finally entering the Zeitgeist and perhaps he, like BNI, has a part to play in keeping it there. Bitcoin is an open-source monetary protocol, and adoption comes from all quarters, irrespective of politics. Bitcoin is neutral, it supports no partisan cause. What's perhaps not recognized enough is how empowering Bitcoin can be and we should focus on its ability to unite rather than divide, giving every Irish citizen—regardless of their political views—tools for individual liberty, inflation protection, as well as practical solutions for businesses. The paper itself makes a compelling case for Ireland's interest in Bitcoin: Sound Money Principles : It evaluates Bitcoin against the six characteristics of 'good money'—durability, divisibility, uniformity, portability, verifiability, and scarcity. : It evaluates Bitcoin against the six characteristics of 'good money'—durability, divisibility, uniformity, portability, verifiability, and scarcity. Store of Value : The document highlights Bitcoin's fixed supply as protection against rising inflation and currency debasement. : The document highlights Bitcoin's fixed supply as protection against rising inflation and currency debasement. Practical Examples : It provides evidence of Bitcoin's monetization, comparing the costs of buying a home in Euros vs. Bitcoin over the span of a decade. : It provides evidence of Bitcoin's monetization, comparing the costs of buying a home in Euros vs. Bitcoin over the span of a decade. Common Concern Rebuttals : The paper addresses the most common objections to Bitcoin—energy usage, volatility, criminal activity, undermining traditional currencies, and speculation—offering balanced counterarguments to each. : The paper addresses the most common objections to Bitcoin—energy usage, volatility, criminal activity, undermining traditional currencies, and speculation—offering balanced counterarguments to each. Action Steps: Rather than just theoretical arguments, the paper outlines specific actions for individuals, businesses, and the government to consider, from education to strategic Bitcoin reserves. No one expects the Irish government to announce a Bitcoin treasury next week, and it's debatable whether it should establish one at all. But 'A Sound Punt' marks the beginning of a process that could, in time, help reshape Ireland's approach to money and economic sovereignty. This accessible primer is just the first step in Bitcoin Network Ireland's broader educational mission. BNI plans to publish a much more comprehensive policy paper for policymakers in the coming months, which is currently going through the editing phase. While 'A Sound Punt' introduces the concepts to the general public, the forthcoming document will provide the detailed analysis and policy recommendations that decision-makers need. As BNI works to elevate this conversation through both public education and policy analysis, the goal remains clear: helping all citizens recognize Bitcoin's universal value proposition. Holding a modest strategic allocation of bitcoin—at either the individual or institutional level—offers some protection against uncertainty and hope in a time of growing concerns.
Yahoo
06-05-2025
- Automotive
- Yahoo
VinFast secures local funding for Indonesian BEV plant
Vietnamese automaker VinFast Auto has signed a long-term syndicated loan agreement with Indonesian state-owned Bank Negara Indonesia and Bank Maybank Indonesia to fund the construction of its new battery electric vehicle (BEV) assembly plant in Subang, in Indonesia's West Java province. The agreement follows an earlier Memorandum of Understanding (MOU) between VinFast and BNI on 'collaborative investment, development, and provision of financial solutions to strengthen VinFast's green ecosystem in Indonesia.' VinFast broke ground on the Subang BEV plant in July 2024, which is scheduled to be completed in the second half of 2025 – to supply vehicles for the local market and for export. The automaker has also committed to establishing a local supply chain and developing a local BEV recharging network. The basic loan is valued at IDR 1.85 trillion (US$113 million) and comes with an additional US$80 million 'accordion facility.' The automaker confirmed the loan 'will provide critical long-term funding to support VinFast's global expansion strategy and expand its production capabilities,' adding that it also 'underscores VinFast's strong reputation and growth potential among major partners in Indonesia.' Under the agreement, BNI will handle the underwriting for the syndicated loan of IDR 1.85 trillion. It will directly provide IDR 1.51 trillion (US$92 million) of the funding, with Maybank providing the remainder. The two banks will also provide the additional US$80 million loan extension facility. The agreement stipulates that the loan is intended to finance the construction of PT VinFast Automobile Indonesia's electric vehicle manufacturing plant. BNI's Director of Wholesale and International Banking, Agung Prabowo, said in a statement: "This financing underscores BNI's firm commitment to fostering the green transportation transition in Indonesia. We hold a strong conviction in VinFast's pioneering vision, dedication to innovation, and the significant potential of VinFast and the broader electric vehicle industry. The proactive engagement of financial institutions in channeling investment capital towards the EV sector, particularly through strategic collaborations with promising BEV manufacturers such as VinFast, will be a crucial catalyst in driving Indonesia's progress towards achieving its objectives for a green and sustainable economy." VinFast Asia's CEO, Pham Sanh Chau, commented: "We are honoured to receive the robust support of Indonesia's leading financial institutions, BNI and Maybank. We firmly believe this will be a vital catalyst for VinFast's expansion in Indonesia, continuously enhancing our global production capabilities to meet the ever-increasing demand for the electric vehicle transition. VinFast's manufacturing facility in Indonesia will not only deliver smart, eco-friendly mobility solutions, but also create jobs and support the growth of Indonesia's electric vehicle industry."
Yahoo
05-05-2025
- Business
- Yahoo
PATTISON Outdoor Announces Recipients of 2025 Elevating Voices Media Grant
2024 Elevating Voices Media Grant campaigns MISSISSAUGA, Ontario, May 05, 2025 (GLOBE NEWSWIRE) -- For the third consecutive year, PATTISON Outdoor Advertising is continuing to honor its commitment to Diversity, Equity and Inclusion with their Elevating Voices Media Grant, awarding up to $1MILLION in Out-of-Home media space to non-profit and charitable organizations throughout Canada. This year saw a record number of applicants, fueled by grassroots outreach and social media postings, and attracted a wide spectrum of causes and underserved groups. These applications were thoughtfully reviewed by the dedicated subcommittee of PATTISON's Diversity, Equity and Inclusion Committee and selected based on the given criteria. PATTISON is pleased to announce that nine organizations from across Canada were chosen to receive a portion of the $1Million media grant value. The Elevating Voices program launched in 2022 with the intention to provide a platform to organizations dedicated to servicing and supporting ethno-cultural groups, the 2SLGBTQI+ community, women's equality, those with disabilities, and any other group focused on and for projects that promote Diversity, Equity and Inclusion. Three national partners and six regional partners encompass PATTISON's largest group of recipients to date. NATIONAL PARTNERS: 1. Black North Initiative (BNI)The BlackNorth Initiative (BNI) is on a mission to close the gaps created by systemic anti-Black racism for Black Canadians—a Canada where systemic anti-Black racism does not exist. Since their founding in 2020, they have made significant strides in transforming corporate Canada, empowering Black entrepreneurs, supporting youth education, and creating pathways to home ownership for Black families. BNI's initiatives directly impact Black professionals, entrepreneurs, students, and families by providing the tools, resources, and connections necessary for long-term success. Their work also engages corporate Canada, ensuring that organizations take tangible steps to create diverse, inclusive, and equitable 2. Blk Women In Excellence Society (BWIE) Canadian Blk Women in Excellence Society, an award winning non-for-profit where empowerment knows no bounds. Their mission is to empower and support both Black women and Black Female Youth through a dynamic, multifaceted approach. By fostering economic growth, creating equitable opportunities, and amplifying voices, they have built a comprehensive ecosystem of resources, mentorship, and community engagement to bridge gaps, drive positive change, and construct a more inclusive entrepreneurial 3. Canadians for Leading Edge Alzheimer Research (CLEAR)Canadians for Leading Edge Alzheimer Research (CLEAR Foundation) is a national non-profit organization dedicated to funding world-class dementia research in Canada. Their mission is singular yet powerful: to accelerate scientific discoveries that will lead to better prevention, treatment, and ultimately, a cure for Alzheimer's disease and related dementias. Their target audience includes anyone impacted by dementia in Canada, from individuals living with the disease to caregivers, families, and healthcare professionals seeking better treatments and solutions. Their campaigns not only amplify our commitment to funding world-class research but also highlight the critical issue of dementia in an aging population—a demographic often underrepresented in mainstream REGIONAL PARTNERS: 1. SafeLink Alberta Society SafeLink Alberta is a non-profit organization that has been serving and advocating for priority populations in Calgary and southern Alberta since 1983. Their mission at SafeLink Alberta is to reduce the harm associated with sexual activity and substance use by offering low-barrier, non-judgmental, and informed programs and services. They focus on supporting communities that often face systemic barriers to healthcare, including people living with HIV, African, Caribbean, and Black (ACB) communities, Indigenous populations, 2SLGBTQIA+ individuals, people who use substances, sex workers, and pregnant individuals experiencing challenges related to substance use, mental health, housing, and interpersonal violence. By prioritizing these underserved populations, they strive to promote equity and reduce 2. UNITI Semiahmoo House Society UNITI's mission has always been clear: to ensure people with disabilities live meaningful and inclusive lives in their communities. Founded in 1958 by a group of determined mothers who sought to keep their children with disabilities out of segregated institutions UNITI has continuously consulted and partnered with the community and understands that inclusive housing is the cornerstone of all people being valued and 3. Foodpreneur Lab Foodpreneur Lab is Canada's only nonprofit organization, founded and led by a Black woman, and is dedicated exclusively to supporting underserved food entrepreneurs. Their mission is to transform Canada's food ecosystem by dismantling systemic barriers that prevent Black, racialized, women and other underserved entrepreneurs from starting and scaling their food 4. Centre Francophone du Grand Toronto (CFGT) The CFGT is the largest non-profit organization in the Greater Toronto Area dedicated to meeting the needs of Francophones in their own language and promoting their inclusion in a predominantly English-speaking environment. They have a deep understanding of the challenges this population faces and proven expertise in implementing impactful programs. The Centre francophone du Grand Toronto (CFGT) is a designated agency under Ontario's French Language Services Act and offers a wide range of community health and social services in French, enhancing the well-being of all Francophones in the Greater Toronto Area through its 12 service locations in the Toronto, Peel, and York 5. Accessible Housing Society Accessible Housing is a non-profit organization and registered charity with a mandate to open doors for people with limited mobility to enhance dignity through accessible homes that are appropriate and affordable. Through outreach and residential programs, Accessible Housing provides housing and personal support so that everyone can have a home, belong and participate in 6. Unity Charity Unity Charity was founded in 2007 with a bold vision: to use Hip Hop as a vehicle for promoting mental health and well-being among youth. Starting as a grassroots movement in Toronto, they offered small-scale workshops and events in community centers, schools, and parks. Seventeen years later, they've grown into a national BIPOC-led organization, serving over half a million Canadian youth aged 13-29 from underserved and equity-deserving communities across Ontario, Nova Scotia, Manitoba and Alberta. The grant program will leverage the reach, inventory and power of OOH advertising, giving recipients an opportunity to expand their outreach and impact in their respective communities. 'As a leader in the Out-of-Home Advertising industry, PATTISON recognizes the responsibility we have to the communities in which we live and work. With National coverage and hyper localized advertising options in key environments like Transit, Airports, Outdoor and Urban Pathways, we can be sure that we are providing these organizations with a platform from which to raise awareness of their causes to create lasting and impactful change coast-to-coast. Now, more than ever, voices need to be heard.' - Bridget Campbell, DEI Co-Chair. About PATTISON Outdoor PATTISON Outdoor Advertising, a division of The Jim Pattison Group is Canada's largest Out-of-Home advertising company. PATTISON Outdoor helps brands and businesses harness the power of Out-of-Home advertising by providing the most comprehensive range of products, markets, insights and customer support services. With its roots reaching back to 1908, PATTISON has been providing innovative solutions for Out-of-Home advertising opportunities with products ranging from traditional billboards to transit, digital, airport, residential, office, and street level formats. PATTISON is headquartered in Toronto, Ontario with over 25 sales offices across the country, providing advertisers unmatched reach and coverage with products available in over 200 markets coast to coast. A photo accompanying this announcement is available at CONTACT: Kiaan Sepehr Marketing & Communications Manager ksepehr@ in to access your portfolio
Zawya
02-05-2025
- Automotive
- Zawya
VinFast signed US$190 million syndicated loan for its automobile plant in Indonesia
JAKARTA, INDONESIA - Media OutReach Newswire - 2 May 2025 - VinFast, along with the state-owned Bank Negara Indonesia (BNI) and PT Bank Maybank Indonesia Tbk (Maybank), signed a long-term syndicated loan agreement valued at IDR 1.85 trillion (equivalent to approximately US$110 million), along with an additional US$80 million accordion facility, to finance the construction of VinFast's electric vehicle assembly plant in Subang, West Java, Indonesia. This agreement will provide critical long-term funding to support VinFast's global expansion strategy and expand its production capabilities. Furthermore, it underscores VinFast's strong reputation and growth potential to major partners in Indonesia. Under the terms of the agreement, BNI will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of IDR 1.85 trillion. This loan is intended to finance the construction of PT VinFast Automobile Indonesia's electric vehicle manufacturing plant. Of the total syndicated loan facility of IDR 1.85 trillion (equivalent to approximately US$110 million), BNI will finance IDR 1.51 trillion (equivalent to approximately US$90 million), with the remainder to be provided by Maybank. On top of that, the parties will proceed with the additional US$80 million extension facility. Previously, VinFast and BNI executed a Memorandum of Understanding (MOU) for collaborative investment, development, and provision of financial solutions to bolster VinFast's green ecosystem in Indonesia. This initiative aims to facilitate a seamless green transition for Indonesian consumers, enabling easier adoption of electric vehicles. Mr. Agung Prabowo, Director Wholesale and International Banking BNI stated: "This financing underscores BNI's firm commitment to fostering the green transportation transition in Indonesia. We hold a strong conviction in VinFast's pioneering vision, their dedication to innovation, and the significant potential of VinFast and the broader electric vehicle industry. The proactive engagement of financial institutions in channeling investment capital towards the EV sector, particularly through strategic collaborations with promising BEV manufacturers such as VinFast, will be a crucial catalyst, driving Indonesia's progress towards achieving its objectives for a green and sustainable economy." Mr. Pham Sanh Chau, CEO of VinFast Asia, commented: "We are honored to receive the robust support of Indonesia's leading financial institutions, BNI and Maybank. We firmly believe this will be a vital catalyst for VinFast's expansion in Indonesia, continuously enhancing our global production capabilities to meet the ever-increasing demand for the electric vehicle transition. VinFast's manufacturing facility in Indonesia will not only deliver smart, eco-friendly mobility solutions, but also create jobs and support the growth of Indonesia's electric vehicle industry." In July 2024, VinFast broke ground on its electric vehicle assembly plant in Subang, with operations planned to commence in the second half of 2025. This strategically positioned facility is projected to become a pivotal manufacturing hub for VinFast's EVs, serving both Indonesian and export markets, while simultaneously bolstering the local automotive industry's supply chain. Furthermore, VinFast is steadily solidifying its position and expanding its footprint in Indonesia through the launch and delivery of a diverse portfolio of all-electric vehicles, including RHD variant of VF 3, VF 5, and VF e34 models. VinFast is also scaling its dealership and service network across Indonesia, along with providing attractive sales and after-sales policies for early adopters. Collaborating with strategic partners such as the all-electric taxi operator Green SM and global charging infrastructure developer V-GREEN, VinFast is actively cultivating a comprehensive "For a Green Future" ecosystem throughout Indonesia. Hashtag: #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: About BNI PT Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia's leading banks, is committed to providing various financial solutions for individuals and supporting business growth and success domestically and globally. With a dedication to building long-term partnerships, BNI offers a comprehensive suite of financial services, including capital loans, trade finance, cash management, project financing, and treasury. BNI also supports Indonesian companies in expanding their global reach while assisting multinational corporations in entering the Indonesian market. Learn more at: VinFast
Malay Mail
02-05-2025
- Automotive
- Malay Mail
VinFast signed US$190 million syndicated loan for its automobile plant in Indonesia
VF 3 – the newest VinFast's EV in Indonesia. JAKARTA, INDONESIA - Media OutReach Newswire - 2 May 2025Under the terms of the agreement, BNI will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of IDR 1.85 trillion. This loan is intended to finance the construction of PT VinFast Automobile Indonesia's electric vehicle manufacturing the total syndicated loan facility of IDR 1.85 trillion (equivalent to approximately US$110 million), BNI will finance IDR 1.51 trillion (equivalent to approximately US$90 million), with the remainder to be provided by top of that, the parties will proceed with the additional US$80 million extension VinFast and BNI executed a Memorandum of Understanding (MOU) for collaborative investment, development, and provision of financial solutions to bolster VinFast's green ecosystem in Indonesia. This initiative aims to facilitate a seamless green transition for Indonesian consumers, enabling easier adoption of electric commented:In July 2024, VinFast broke ground on its electric vehicle assembly plant in Subang, with operations planned to commence in the second half of 2025. This strategically positioned facility is projected to become a pivotal manufacturing hub for VinFast's EVs, serving both Indonesian and export markets, while simultaneously bolstering the local automotive industry's supply VinFast is steadily solidifying its position and expanding its footprint in Indonesia through the launch and delivery of a diverse portfolio of all-electric vehicles, including RHD variant of VF 3, VF 5, and VF e34 models. VinFast is also scaling its dealership and service network across Indonesia, along with providing attractive sales and after-sales policies for early adopters. Collaborating with strategic partners such as the all-electric taxi operator Green SM and global charging infrastructure developer V-GREEN, VinFast is actively cultivating a comprehensive "For a Green Future" ecosystem throughout #VinFast The issuer is solely responsible for the content of this announcement. About VinFast VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam's largest conglomerates, is a pure-play electric vehicle ("EV") manufacturer with the mission of making EVs accessible to everyone. VinFast's product lineup today includes a wide range of electric SUVs, e-scooters, e-bikes, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at: About BNI PT Bank Negara Indonesia (Persero) Tbk (BNI), one of Indonesia's leading banks, is committed to providing various financial solutions for individuals and supporting business growth and success domestically and globally. With a dedication to building long-term partnerships, BNI offers a comprehensive suite of financial services, including capital loans, trade finance, cash management, project financing, and treasury. BNI also supports Indonesian companies in expanding their global reach while assisting multinational corporations in entering the Indonesian market. Learn more at:
