Latest news with #STC
Toronto Star
10 hours ago
- Business
- Toronto Star
DMG Blockchain Solutions Announces Exploration of Digital Asset Treasury Strategy
VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) ('DMG' or the 'Company'), a vertically integrated blockchain and data center technology company, today announces that it has engaged a consultant to assess and help implement institutional-grade treasury management within the regulated custody platform operated by its wholly owned subsidiary, Systemic Trust Company ('STC'). This platform would serve both DMG and STC's clients by offering custody services. DMG is also assessing additional capabilities intended to further enhance treasury value. Digital asset treasuries have recently gained prominence for their ability to generate net asset value (NAV) premiums through active management, in contrast to exchange-traded funds (ETFs), which typically trade in line with the value of their underlying assets. DMG's digital asset portfolio is currently composed solely of bitcoin, although the Company is considering the inclusion of other digital assets. To support the platform, DMG may utilize its existing bitcoin, add its proceeds from Bitcoin mining and/or raise capital to expand its treasury. As of the date of this press release, DMG is ranked #54 among Top Public Bitcoin Treasury Companies on
Business Wire
2 days ago
- Business
- Business Wire
AeroMech Issues STC for Starlink High-Speed, Low-Latency Connectivity on Citation Sovereign and Sovereign+ Aircraft
MUKILTEO, Wash.--(BUSINESS WIRE)--AeroMech Incorporated ( announced today it has been awarded a Supplemental Type Certificate (STC) for the installation of Starlink high-speed internet connectivity for Cessna Citation Sovereign and Sovereign+ aircraft. AeroMech Brings Starlink's High-Speed Internet to Cessna Citation Sovereign and Sovereign+ Aircraft Share AeroMech will provide the STC and PMA installation kits to Starlink Authorized Dealers. AeroMech's wholly owned subsidiary, AMI Aviation Services, will also install Starlink for customers at its facilities in Orlando/Sanford (KSFB) and Nashville/Smyrna (KMQY). AeroMech is now accepting orders for the Cessna Citation Sovereign and Sovereign+ Starlink STC equipment package and scheduling appointments at AMI facilities for installation. AeroMech currently holds Federal Aviation Administration (FAA) STCs for the installation of Starlink on the Beechcraft King Air 200/300 Series, Cessna Citation Excel/XLS/XLS+/XLS Gen2, Cessna Citation X/X+ (750), Cessna Caravan and Grand Caravan, and Cessna Citation Sovereign/Sovereign+ aircraft. For more information, please contact starlinksales@ About AeroMech Incorporated and AMI Aviation Services, LLC AeroMech / AMI provide turnkey solutions for inflight connectivity, avionics and other aircraft systems to aviation customers worldwide. By utilizing its delegations as an FAA STC ODA, Part 21 PMA and Part 145 repair stations at the Orlando/Sanford Airport (KSFB) and in Smyrna, TN (KMQY), AeroMech can provide a dynamic and efficient approach to integrating the latest and most desirable technology into your aircraft. For more information, email starlinksales@ or visit and the AeroMech LinkedIn Page: About Starlink by SpaceX Starlink delivers high-speed, low-latency internet to users all over the world. As the world's first and largest satellite constellation using a low Earth orbit, Starlink delivers broadband internet capable of supporting streaming, online gaming, video calls and more. Starlink is engineered and operated by SpaceX. As the world's leading provider of launch services, SpaceX is leveraging its deep experience with both spacecraft and on-orbit operations to deploy the world's most advanced broadband internet system. Learn more at Follow Starlink on X
Yemen Online
7 days ago
- Politics
- Yemen Online
US Analysts Urge Washington to Engage South Yemen to Counter Houthi Threat
Aden — A growing chorus of American defense analysts and foreign policy experts is calling on the Biden administration to recalibrate its strategy in Yemen by engaging directly with southern Yemeni factions, particularly the Southern Transitional Council (STC), to help resolve the enduring Houthi insurgency. According to a recent report published by Stars and Stripes, the failure of past military campaigns to decisively weaken the Iran-backed Houthi movement has prompted calls for a regional realignment. Advocates argue that southern forces possess territorial control, military discipline, and popular legitimacy that could be leveraged to contain Houthi expansion and restore stability. The STC, controls key areas including Aden, Mukalla, and strategic ports along the Gulf of Aden. Experts suggest that bolstering these forces could create a counterbalance to Houthi dominance in the north, especially as the Houthis continue to launch drone and missile attacks on Red Sea shipping and Israeli targets. The proposal remains controversial, given the STC's separatist ambitions and the complex web of alliances in Yemen. However, proponents argue that realpolitik demands a shift from idealistic unity frameworks to pragmatic partnerships that reflect realities on the ground.
The Print
15-07-2025
- General
- The Print
Andaman Lt Guv welcomes officials attending fire services class
Among 30 fire service officials, 16 belong to the Gujarat and Bihar state government fire departments, while the other 14 are from Gas Authority of India Limited (GAIL), Maharashtra Industrial Development Organisation, Heavy Water Plant at Kota and Heavy Water Board Facilities at Vadodara under the Department of Atomic Energy. The STC was recently recognised and accredited by the National Fire Service College (NFSC), Nagpur. Port Blair, Jul 15 (PTI) Andaman and Nicobar Lieutenant Governor Admiral DK Joshi (Retired) on Tuesday welcomed 30 officials from six organisations across the country, who attended their first class on fire services at the State Training Centre (STC) here. Joshi lauded the Fire and Emergency Services of the archipelago for its commitment to professional excellence and disaster preparedness. He said that the recognition by NFSC is not only a testament to the department's rising stature but also a reflection of its significant contribution in enhancing national fire safety standards, a statement issued by the police said. The STC in Port Blair is the 11th such NFSC-recognised training institute across India. The inauguration programme was held in presence of Chief Secretary Dr Chandra Bhushan Kumar, DGP Hargobinder Singh Dhaliwal, IGP (Fire) Sindhu Pillai A and other senior officials. The DGP emphasised that this milestone significantly raises the profile of the A&N Fire and Emergency Services at the national level. 'The 54th External Sub-Officer Course of NFSC is a 25-week residential programme, including an industrial attachment,' he said. PTI SN NN This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Cision Canada
15-07-2025
- Business
- Cision Canada
Oxford breaks ground on $750 million rental development to deliver first major purpose-built housing project in Scarborough in over a generation
TORONTO, July 15, 2025 /CNW/ - Oxford Properties Group ("Oxford"), a leading global real estate investor, developer and manager, today broke ground on Scarborough's first major purpose-built rental ("PBR") development in over a generation. Situated on a 3.4-acre parcel of land on the west side of Oxford's Scarborough Town Centre shopping mall ("STC"), the development will consist of three residential towers made up of 1,285 purpose-built rental units, 268 of which are affordable, with the aim of delivering critically needed housing in a historically undersupplied area for people at a variety of different price points. The project is the largest single-phase rental development currently under construction in Toronto. In support of this transit-oriented rental development, Oxford, the global real estate arm of OMERS, is proud to announce it has secured a $650 million rental housing construction loan through Canada Mortgage and Housing Corporation's ("CMHC") Apartment Construction Loan Program ("ACLP"). This represents the largest single loan issued out of Toronto that CMHC has approved and committed to through the ACLP. The financing provided by CMHC allows Oxford to accelerate its plan to intensify the lands around STC to help address the housing crisis faced by the City of Toronto by adding a significant source of new purpose-built rental supply, as well as a substantial delivery of affordable units, into the Scarborough community. "Breaking ground on this development is a true milestone for Oxford as we look to use our proven development expertise to deliver much-needed housing solutions for the people of Scarborough, while sustainably intensifying transit-connected land to create mixed-use communities of the future," said Daniel Fournier, Executive Chair at Oxford Properties. "This generational project signifies a model we hope to replicate across Canada in the years to come, and with CMHC as a funding partner, we're confident it will serve as a prime example of the power of public-private partnerships to work together to address the housing challenges in Canada's largest cities." "Our Government is committed to driving housing supply to bring housing costs down. This project will create more much-needed rental homes for the people living and working in Scarborough. It's an example of what's possible when government and the private sector work together. It's also another step forward in our bold, ambitious plan to build Canada strong." – The Honourable Gregor Robertson, Minister of Housing and Infrastructure "We are building more affordable homes to address the housing crisis. The project at 25 Borough Drive will create 1,285 new homes for Torontonians, including studios, one-bedroom, two-bedroom and three-bedroom apartments and townhomes. The City of Toronto is proud to support this project through the Rental Housing Supply Program. We are stronger together, working with the Government of Canada to create more affordable homes in Scarborough to meet the needs of our growing city." – Olivia Chow, Mayor of Toronto The 1,285 purpose-built rental homes, which will be named Alta, will feature three residential towers and sit atop two 7-storey podiums featuring both residential and retail space. Intentionally designed to accommodate a range of income levels, age groups, and family structures, Alta will offer a broad unit mix of 51 studios, 693 one-bedrooms, 411 two-bedrooms and 130 three-bedroom units, including 23 townhomes. The project will benefit from its close proximity to Scarborough Centre TTC station, which is also serviced by GO Transit, and the future Scarborough Subway Extension. The entire project is being designed to promote wellbeing and community building through the inclusion of extensive indoor and outdoor amenities. These include outdoor lounge areas, co-working spaces, a children's playroom, fitness facilities, and a new 22,000 square foot public park at the south end of the development. The completed project seeks to reduce its environmental impact by using a geothermal heating and cooling system that will reduce overall energy use by 55% and greenhouse gas emissions by 74%. "It is more important than ever that governments at all levels in Canada come together with the private sector to make bold choices that improve Canadian communities, and this project is the perfect example," said Blake Hutcheson, President and CEO of OMERS. "This development not only puts our members' dollars to work right here in Ontario, but it does so in a project that is being supported by federal funding which in turn will help maximize the Province and City of Toronto's substantial investment in rapid transit to Scarborough. It will help deliver returns for our members, while also improving housing choice in a community that so many of them proudly call home and serve." Alta marks the first development within Oxford's recently approved master plan for STC. The multi-decade plan envisions over 10,000 residential units built across 89 developable acres to support Scarborough in its evolution and growth as an urban hub, while optimizing STC's relationship to the new transit station. This master plan builds on Oxford's continued conviction to create premier mixed-use communities across Canada. This development is part of a series of recent major investments made by Oxford in Canada, where it has announced almost $2 billion of activity in the past six weeks, including an acquisition of a seven-asset Western Canada office portfolio, and a redevelopment of two office towers at Canada Square in Midtown Toronto. Construction on Alta is expected to be completed by Summer 2029. About Oxford Properties Group Oxford Properties Group ("Oxford") is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$80 billion of assets across four continents on behalf of their investment partners. Oxford's owned portfolio encompasses logistics, office, retail, multifamily residential, life sciences, credit and hotels in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world's most active developers with 30 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario's municipal employees. For more information on Oxford, visit
