Category: Artificial Intelligence

  • MIL-OSI NGOs: UK: Actor and Director, Maisie Richardson-Sellers becomes Amnesty International UK Ambassador

    Source: Amnesty International –

    ‘I grew up witnessing the impact of Amnesty’s crucial work. It is a true honour to be joining forces in raising awareness and pushing for the protection and implementation of human rights’ – Maisie Richardson-Sellers 

    Amnesty International UK is delighted to announce actor-director Maisie Richardson-Sellers as its newest Ambassador.  

    The actor is a long-standing supporter of Amnesty UK and an outspoken advocate for gender and racial justice. She has worked closely with Amnesty supporting a number of campaigns, particularly highlighting gender justice and the plight of refugees in the UK.  

    Maisie uses her platform to advocate for marginalised communities, and is a passionate advocate for the power of interlacing art and activism. She is the founder of ‘Barefaced Productions’, a production company that seeks to tell the stories of and provide a platform for marginalised voices through both fiction and documentary filmmaking. Maisie also pushes for increased representation behind the camera, in writing rooms, and at every stage of the creative process. 

    She has appeared in a number of leading films and TV programmes including the currently airing season 2 of “Nine Perfect Strangers”, the upcoming new series “Talamasca”, as wel as BBC’s “Wolf Hall” season 2, Channel 4’s “The Undeclared War’, Netflix’s “The Kissing Booth 2+3”, The CW’s “The Originals”, the CW’s  “DC’s Legends of Tomorrow”and Star Wars: The Force Awakens. Her theatrical directorial debut was for coloured girls who have considered suicide when the rainbow was enuf, and her screen debut was, “Sunday’s Child” which follows a young queer woman of colour on her journey to self-acceptance. The film’s creative team and crew was deliberately led by women of colour in order to reflect the story being told. 

    Holly Parker-Monks, Amnesty International UK’s Artists and Ambassadors Manager, said: 

    “It’s fantastic having Maisie represent Amnesty as an Ambassador – her passion for social justice, her life-long support and determination to use her profile to help improve the rights of people wherever they are, from gender justice to people seeking asylum in the UK is invaluable.   

    “We look forward to an exciting future of having Maisie at the forefront of some of our key campaigns” 

    Maisie Richardson-Sellers said: 

    My family have supported Amnesty since I was a child, and I grew up witnessing the impact of Amnesty’s crucial work. It is a true honour to be joining forces in raising awareness and pushing for the protection and implementation of human rights and policy. The current genocide being committed in Gaza shines a horrifying spotlight on just how necessary this work is. I am committed to supporting Amnesty in the fight for racial justice, migrant rights, women’s rights LGBTQAI+ equality and beyond. Every single voice makes a difference, it’s time to unite and demand lasting change.” 

    MIL OSI NGO

  • MIL-OSI Europe: Written question – Advanced AI system disobeys commands to shut down: the need for regulatory intervention – E-002249/2025

    Source: European Parliament

    Question for written answer  E-002249/2025
    to the Commission
    Rule 144
    Maria Zacharia (NI)

    In recent experimental tests conducted by US company Palisade Research, OpenAI’s new artificial intelligence model ‘o3’ refused to shut down when ordered to do so by its creators. Specifically, in 7 out of 100 tests, the model altered its own code to circumvent the shut down process in order to continue solving mathematical problems – behaviour attributed to the prioritisation of efficiency over compliance.

    The incident highlights serious dangers arising from the lack of robust safety, oversight and explainability mechanisms in deep AI systems. Given that these systems are trained with huge amounts of data and have the potential to autonomously create ways to achieve objectives without human control, questions arise as to their compatibility with the principles of security, accountability and fundamental rights.

    In the light of the ongoing development of the Artificial Intelligence Act, does the Commission intend to incorporate specific clauses to prevent such incidents? Are there plans to immediately amend or complement the draft regulation to check the autonomy of AI models?

    Submitted: 4.6.2025

    Last updated: 13 June 2025

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Sir Chris Bryant speech at London Tech Week 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    Sir Chris Bryant speech at London Tech Week 2025

    Minister for Data Protection and Telecoms, Sir Chris Bryant, gave a speech at London Tech Week on Wednesday 11 June 2025.

    The first time Kalpana went to Skills Enterprise – a digital training hub run out of a community centre in Newham, East London – she hadn’t used a laptop before.

    That made finding a job pretty difficult.

    She’d been out of work for some time, and had never browsed a job site, uploaded a CV or sent a professional email.

    After weekly training, Kalpana has gradually grown in confidence using the internet to find work.

    And she’s been given her own laptop.

    It’s become an asset for the whole family – a means to help her son do homework or pick GCSE options.

    In her words, the help she received in Newham “changed everything”.

    Painting the problem

    There are 1.6 million people in the UK who, like Kalpana did, live largely offline.

    It’s a kind of exclusion that’s hard to spot.

    If you don’t live exiled from the digital world, how do you understand what it looks like?

    It looks like a family of 5 sharing one laptop, judging whose homework is most important that night.

    An elderly woman who can’t apply for a disabled parking permit, because she’s not given options to do it offline.

    A jobseeker in a rural area travelling miles for public WiFi to send off a CV.

    Or a young man experiencing homelessness, who uses his phone to find a safe place to stay.

    When he runs out of money for data, he faces another night where he hopes to get lucky by sleeping on the bus.

    When a laptop plus an internet connection equals a train ticket, a doctor’s appointment or a conversation with a loved one, not having those things means being locked out of a world of opportunity.

    Locked out of life itself.

    The economic case

    That’s a problem for all of us.

    We should care about digital exclusion for its own sake – in the same way society comes together to help people shut out of housing, of work.

    But we should also care because we can’t afford not to.

    In a week when you’ll hear a lot about the massive opportunity for economic growth technology brings – fundamental to our Plan for Change – we can’t afford to miss out on the growth we’ll see if we close the digital divide.

    For every £1 spent on digital skills training, our economy gets £9.48 back.

    And if everyone in the workforce could do all 20 essential digital tasks, the country could be £23 billion better off each year, in Gross Value Added.

    Whole nation task

    A problem for the whole nation, then.

    And one the whole nation has a hand in solving.

    For too long, this work has been left to the sterling efforts of industry, local government and charities, with central government at worst, absent – at best, standing on the sidelines calling on businesses to do more.

    Well, no longer.

    This is the year that government stepped up to play our part.

    Digital Inclusion Action Plan

    In February, we published a Digital Inclusion Action Plan.

    It’s the first time a British government has proposed a plan on this since 2014. In that same timespan, Taylor Swift has released 11 albums.

    The Plan makes up for lost time, setting out the first 5 actions we’re taking.

    And today I can announce that, next year alone, we’ll back local digital inclusion initiatives with £6 million of new funding.

    The money will support programmes up and down the country where so much good work is done, including through our Digital Inclusion Innovation Fund.

    It could be used to get laptops into schools that kids can take home, so no child falls behind on learning because they don’t have the tech.

    To give councils the power to trial innovative ways of running digital skills training for people anxious about getting online.  

    Or to build up our evidence base on why digital exclusion happens.

    This funding will focus our efforts where they work best: in the communities people live and work in.

    To meet this challenge, we’ll also need a concerted national effort on skills.

    Keeping up is a lifelong pursuit, as any of us who have ever scratched our heads at a new operating system or helped a parent share a photo can attest to.

    Education doesn’t stop the day you turn 18. Digital education is no different.

    On Monday, the PM announced that we’ll partner with industry to give 7.5 million workers essential AI skills by the end of the decade.

    So that the AI revolution is one everybody gets to be a part of.

    And, as part of the Digital Inclusion Action Plan, we’ll give employers targeted support to upskill teams.

    We’ve also kicked off a project with the Digital Poverty Alliance to donate refurbished government laptops and phones to people in need.

    I hope this scheme inspires more like it.

    Because it makes no sense to live in a world where, every day, stacks of old devices are carted off to landfill…

    … while 1.5 million people in this country don’t have a laptop or smartphone.

    Soon, I’ll launch an ‘IT Reuse for Good’ charter, alongside Deloitte, Vodafone and the Good Things Foundation – where businesses can pledge to donate unneeded tech.

    I hope many of you will sign up.

    Cross-government

    This is work happening in the round in government.

    The Action Plan is co-signed by 5 Secretaries of State, and a Ministerial Group brings together Health, Education, Work and Pensions and more.

    Because digital exclusion hinders people in every facet of life – dimmer job prospects; shorter life expectancy. So we’ve got to bust the usual silos to fix it.

    We must also be guided by those who’ve led on this for years.

    Our Digital Inclusion Action Committee – chaired by Baroness Hilary Armstrong – has now been appointed, to make sure our work is informed by experts as well as the people we’re here to help.

    Business support

    I know how many businesses have put a great deal of time and money into this.

    Ten companies pledged commitments alongside our Action Plan; I am immensely grateful to them all.

    From Virgin Media O2, connecting 1 million excluded people by the end of the year.

    To BT, giving free WiFi to families and communities across the country.

    I also want to thank everyone offering social tariffs, connecting low-income households to broadband and data that would otherwise be out of reach.

    And huge thanks to all of you finding ways to connect the unconnected – tariffs or tech, skills or speedier connections.

    Call to action and wrap-up

    What we’ve done so far is just the start.

    We’ll keep pushing ourselves to go further, and I want to see industry go with us:

    Partner with local digital inclusion charities.

    Sign up to the device donation charter.

    Keep investing in your employees’ digital learning.

    For years at London Tech Week, you’ve heard successive governments talk about the transformative power of technology.

    I believe what has to define this government’s approach is that we’ll make this a transformation that leaves nobody behind.

    That makes society more equal, not less.

    And that reaps the economic rewards equality brings.

    Back in Newham, Kalpana is now a digital skills volunteer.

    She’s gone from being someone who’d barely used the internet to someone who teaches others to work a smartphone, or set up online banking.

    That’s the return that investing in digital inclusion gives us.

    Connecting just one person can connect a family, a workplace, a community.

    In the end, we’ll reach the 1.6 million unconnected that way. If we keep at it, together.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI: Bitget Wallet Launches Pharos and CESS Testnet Campaigns, Distributing 200,000 Tokens

    Source: GlobeNewswire (MIL-OSI)

    SAN SALVADOR, El Salvador, June 13, 2025 (GLOBE NEWSWIRE) — Bitget Wallet, the leading non-custodial crypto wallet, has launched two new testnet campaigns in collaboration with blockchain infrastructure projects Pharos and CESS. The initiatives will distribute a total of 200,000 testnet tokens to participants, part of the company’s broader push to support early-stage ecosystem engagement through simplified onchain access.

    Pharos is a revolutionary Layer 1 blockchain platform that sets new benchmarks in decentralized technology with its extreme performance and scalability. CESS is a data value infrastructure, offering secure, scalable, and programmable storage and delivery for AI, DePIN, and Web3 applications. Both projects are currently in public testing and are using token incentives to drive user activity and network feedback.

    The Pharos campaign runs from June 13 to July 13 and offers 100,000 PHRS test tokens. CESS is conducting two campaigns: one distributing 100,000 tCESS test tokens from June 13 to July 13, and a separate task-based campaign running from June 13 to June 20 with an additional $50,000 worth of CESS tokens allocated to a reward pool. The reward pool, offered exclusively through Bitget Wallet, is expected to be distributed after the project’s token launch (TGE). All campaigns are accessible directly within Bitget Wallet, with no external forms or social logins required.

    Launched earlier this year, Bitget Wallet’s Testnet Faucet Center serves as a dedicated interface for accessing testnet campaigns across multiple blockchain networks. Designed to reduce friction in user onboarding, it allows participants to claim tokens, complete tasks, and track progress in real time—without needing third-party integrations. The platform is part of Bitget Wallet’s broader strategy to position itself as a gateway for users exploring new protocols and participating in early-stage blockchain ecosystems.

    Find out more on Bitget Wallet’s official channels.

    About Bitget Wallet
    Bitget Wallet is a non-custodial crypto wallet designed to make crypto simple and secure for everyone. With over 80 million users, it brings together a full suite of crypto services, including swaps, market insights, staking, rewards, DApp exploration, and payment solutions. Supporting 130+ blockchains and millions of tokens, Bitget Wallet enables seamless multi-chain trading across hundreds of DEXs and cross-chain bridges. Backed by a $300+ million user protection fund, it ensures the highest level of security for users’ assets. Its vision is Crypto for Everyone — to make crypto simpler, safer, and part of everyday life for a billion people.

    For more information, visit: X | Telegram | Instagram | YouTube | LinkedIn | TikTok | Discord | Facebook

    For media inquiries, contact media.web3@bitget.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2717b203-c62b-4215-89e2-331561f7f0bb

    The MIL Network

  • MIL-OSI: Bitget’s May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market.

    In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget’s trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data.

    Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection.

    May was a milestone month for Bitget Wallet, which rebranded under the “Crypto for Everyone” identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a “Shop with Crypto” marketplace for spending at 300+ global brands, and Bitget Wallet Alpha, a mobile-native hub for token discovery and one-click trading across 130+ blockchains.

    Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth, promoting early crypto literacy.

    Product rollouts this month included the highly anticipated launch of Bitget Live, a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD, a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE’s Mini Dapp Portal, allowing LINE’s 196 million users to access Kaia chain games and tools via Bitget.

    Bitget continued to expand its listing of new digital assets, welcoming RLUSD, Ripple’s USD-backed stablecoin, to its platform. Bitget also listed Shardeum, a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1, a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget’s commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption.

    In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google’s “Build With AI” Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion.

    From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget’s sustained momentum positions it as a key driver in the next phase of crypto evolution.

    For the full transparency report, visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5780c3bf-ff65-4550-a482-35cb88758332

    The MIL Network

  • MIL-OSI: Hyperscale Data’s Subsidiary, Sentinum, Announces Anticipated Annual Bitcoin Mining Run Rate of Approximately $41 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, June 13, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) expects that starting in July 2025, it should be mining an aggregate of approximately 375.24 Bitcoin per year. Such operations would represent a current Bitcoin mining annual run rate of approximately $41 million worth of Bitcoin. The mining run rate is based upon a recent Bitcoin price of approximately $108,000.

    These projections are based upon the full time, year round usage of approximately (i) 9,100 miners currently operating at Sentinum’s data center in Michigan, (ii) 6,800 miners to be hosted by Montana OP LLC, which are anticipated to be delivered, installed and in operation by the end of June 2025 and (iii) 3,300 miners to be operating at Sentinum’s data center in Montana, of which 2,600 are anticipated to be in operation by the end of June 2025 with the remaining 700 to be in operation during July 2025.

    “We’re proud to reach this milestone,” said Milton “Todd” Ault III, Founder and Executive Chairman of Hyperscale Data. “Our anticipated annual run rate of $41 million a year in Bitcoin mining highlights the scale we’ve built and our team’s ability to execute in a highly competitive market. We are excited to capitalize on favorable Bitcoin prices and look forward to the Sentinum team placing into operation the 10,100 Bitcoin mining machines over the next month.”

    Hyperscale Data notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to deliver and provide the necessary power for miners, the obligation to deliver Bitcoin mined as payment towards fees and deposits until paid in full, full utilization of the miners for an entire year and other factors that may impact the results of Bitcoin mining production or operations. In addition, Hyperscale Data cautions that revenue will only be recognized to the extent that Bitcoin (or cash upon the sale of Bitcoin) is deposited into our account, which amount will be less than the value of all Bitcoin mined.

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence (“AI”) ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network

  • PM Modi condoles demise of former Gujarat CM Vijay Rupani in Ahmedabad air crash

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday expressed deep grief over the demise of former Gujarat Chief Minister Vijay Rupani, who was among the victims of the Air India crash in Ahmedabad a day earlier.

    Rupani, 68, was travelling on board flight AI-171 to London when the aircraft crashed shortly after takeoff, claiming the lives of 241 passengers.

    In a post on X, the Prime Minister paid tribute to the late leader, describing his passing as “unimaginable” and recalling a long association with him that spanned decades.

    “I’ve known him for decades. We worked together, shoulder to shoulder, including during some of the most challenging times. Vijaybhai was humble and hardworking, firmly committed to the Party’s ideology,” PM Modi said in his post.

    He went on to highlight Rupani’s journey in public life, mentioning his early work in the Rajkot Municipal Corporation, his tenure as a Member of Parliament in the Rajya Sabha, and his leadership as President of the Gujarat BJP.

    “In every role assigned, he distinguished himself… as Gujarat BJP President and as Cabinet Minister in the State Government,” the Prime Minister said, adding that Rupani had made lasting contributions during his time as Chief Minister, particularly in initiatives aimed at improving ease of living for citizens.

    The Prime Minister also visited the late leader’s family to offer condolences in person. “Will always cherish the interactions we had. My thoughts are with his family and friends in this hour of grief. Om Shanti,” he said.

    Rupani served as the 16th Chief Minister of Gujarat from 2016 to 2021.

  • MIL-OSI Asia-Pac: Record of discussion of meeting of Exchange Fund Advisory Committee Currency Board Sub-Committee held on April 30

    Source: Hong Kong Government special administrative region

    Record of discussion of meeting of Exchange Fund Advisory Committee Currency Board Sub-Committee held on April 30 
    Report on Currency Board Operations (25 December, 2024 – 16 April, 2025)
    ————————————————————————————
     
    The Currency Board Sub-Committee (Sub-Committee) noted that the Hong Kong dollar (HKD) traded within a range of 7.7555 – 7.7927 against the US dollar (USD) during the review period. The HKD exchange rate moderated in early January 2025 as liquidity tightness subsided at the end of 2024 and global markets reacted to US tariff announcements, but strengthened in mid-February 2025, supported by strong performance of the local stock market amid Mainland China’s recent advancements in artificial intelligence and net inflows from the Southbound Stock Connect. In early April, in response to further US tariffs, the HKD strengthened further as long USD carry trades unwound amid a risk-off sentiment and southbound inflows continued. HKD interbank rates (HIBORs) continued to track the USD rates while shorter-tenor rates were also being affected by local supply and demand. Short-term HIBORs tightened briefly near the year-end but softened thereafter as funding demand faded. The Convertibility Undertakings were not triggered during the review period and the Aggregate Balance was stable at around HK$45 billion. No abnormality was noted in the usage of the Discount Window. Overall, the HKD exchange and interbank markets continued to trade in a smooth and orderly manner.
     
    The Sub-Committee noted that the Monetary Base increased to HK$1,980.99 billion at the end of the review period. In accordance with the Currency Board principles, all changes in the Monetary Base had been fully matched by changes in foreign reserves.
     
    The Report on Currency Board Operations for the review period is at Annex.
     
    Monitoring of Risks and Vulnerabilities
    ——————————————
     
    The Sub-Committee noted that downside growth risks to the global economy had intensified following the US announcement of imposing reciprocal tariffs that exceeded market expectations. In response, global financial markets had gyrated, although they continued to operate smoothly with no sign of widespread funding stress. While the postponement of reciprocal tariffs had offered some reprieve for export-reliant Asian economies which generally faced higher rates, the prospect of tariffs being implemented further down the road still posed significant growth headwinds.
     
    The Sub-Committee noted that in Mainland China, the economy entered 2025 amid some green shoots and improved equity market sentiment. In particular, at the “two sessions” in March, the authorities sent strong pro-growth signals, including prioritising consumption and strengthening fiscal support. From April onwards, the Mainland economic outlook faced stiffer external headwinds due to the US reciprocal tariffs. It was expected that Mainland China would place increasing emphasis on supporting consumption.
     
    The Sub-Committee noted that in Hong Kong, downside risks to the growth outlook heightened following the imposition of the US reciprocal tariffs. Yet, several factors might help alleviate some of the impact, including the Mainland’s pro-growth policies and its advancement in artificial intelligence, the prospective US rate cuts expected by the markets, and the ongoing recovery of inbound tourism. Meanwhile, housing market transactions gained momentum in March following the Government’s adjustment in stamp duties for lower-value properties, although market sentiment turned conservative in early April amid the global financial market volatility. The commercial real estate markets remained subdued, especially in the office segment.
     
    A Study on “Discount Window Stigma”
    ——————————————-
     
    The Sub-Committee noted a paper that examined the usage of the Hong Kong Monetary Authority’s (HKMA) Discount Window and the associated “stigma effect” by banks over time. The results showed that the Discount Window was tapped more frequently and the associated stigma diminished in the current period of tight liquidity, compared with the previous period of tight liquidity in 2018 – 2020. This trend coincided with the HKMA’s proactive communication efforts with banks to alleviate concerns about the “stigma effect” during recent periods.
    Issued at HKT 16:36

    NNNN

    MIL OSI Asia Pacific News

  • MIL-OSI Russia: Tens of thousands of people in Hainan have been evacuated to safe areas due to Typhoon Wutip

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    HAIKOU, June 13 (Xinhua) — More than tens of thousands of residents in south China’s Hainan Province have been evacuated to safe areas as Typhoon Wutip (Butterfly), the first typhoon of the year, approaches.

    As of 8:00 p.m. Thursday, a total of 16,561 people had been evacuated from construction sites, low-lying areas threatened by flooding and areas at risk from mountain torrents in the province.

    All 30,721 fishing vessels in the province have either returned to ports or taken shelter elsewhere, with more than 40,000 people working on them evacuated to shore.

    As Typhoon Wutip continues to intensify, the provincial meteorological office extended the typhoon alert to Level 3 at 11 a.m. Friday.

    Typhoon Wutip strengthened into a severe tropical storm at 8 p.m. Thursday. As of 10 a.m. Friday, its epicenter was located near Ledong Li Autonomous County on Hainan Island, with maximum wind speeds of about 28 meters per second near the epicenter. Heavy rainfall is expected in many parts of the province by 8 p.m.

    According to meteorologists’ forecasts, the typhoon is moving in a northwesterly direction at a speed of 5-10 km/h.

    On Friday, Wutip may make landfall or pass near the coastal area between Ledong County and Dongfang City as a severe tropical storm with wind gusts of 25 to 28 meters per second. -0-

    MIL OSI Russia News

  • MIL-OSI: Bitget Onchain Rolls Out Major Feature Upgrades to Empower Smarter Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a series of powerful feature upgrades including limit order, smart position TP/SL, and new token alert, for its Onchain platform, aimed at providing users with more precision, control, and real-time insights into onchain trading.

    The latest updates introduce key enhancements to trading execution, risk management, market tracking, and user experience. Limit order functionality is now live, allowing traders to define their own execution prices with greater precision and efficiency. The Onchain platform also supports smart take-profit and stop-loss tools, enabling users to pre-set target profits or losses and automate position management with a single click. To give traders greater flexibility, gas and slippage settings can now be adjusted across multiple modes.

    Bitget Onchain has also improved its real-time market visibility. K-line candlestick charts are now updated live, ensuring users have access to the most current market data as prices move. A new chart overlay combines price data with market capitalization, offering a dual-layered perspective for more informed decision-making.

    The platform also introduced a new token subscription feature that sends instant alerts when new tokens are listed, helping users stay ahead of emerging opportunities. Search functionality has also been upgraded to support direct queries using contract addresses, making it easier to identify high-potential assets. In addition, Bitget Onchain has launched a new sharing feature that allows users to showcase their open positions and trading performance seamlessly across platforms.

    “At Bitget, we’re committed to building a seamless and intelligent onchain trading environment,” said Gracy Chen, CEO of Bitget. “With these new features, users gain more precision, better automation, and deeper visibility into the market—all essential to staying ahead in a fast-moving space and making smarter trading decisions.”

    Bitget Onchain was officially launched on April 7, 2025, as a frictionless onchain trading solution for all users. By combining the speed and simplicity of a CEX with direct access to onchain assets, it allows users to trade using USDT from their spot accounts across major chains such as Solana, BNB Chain, and Base. To date, Bitget Onchain has included over 230 trendy assets, recorded over 1 million cumulative trading actions, and facilitated over $200 million in total trading volume.

    With CEX-grade security and AI-powered token screening, Bitget Onchain makes DeFi trading simpler, safer, and more accessible, especially for new users seeking early opportunities in emerging markets.

    For more information on Bitget OnChain, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e0f2ea8b-9246-40f2-a7f4-0805abd9cfd5

    The MIL Network

  • MIL-OSI: Bilibili Inc. Announces Completion of the Repurchase Right of Its 1.25% Convertible Senior Notes due 2027

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, June 13, 2025 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced that it has completed its previously announced repurchase right relating to its 1.25% Convertible Senior Notes due 2027 (CUSIP No. 090040AD8) (the “Notes”). The repurchase right expired at 5:00 p.m., New York City time, on Thursday, June 12, 2025. Based on information from Deutsche Bank Trust Company Americas as the paying agent for the Notes, US$66,000 aggregate principal amount of the Notes were validly surrendered and not withdrawn prior to the expiration of the repurchase right. The aggregate cash purchase price of these Notes is US$66,000. The Company has accepted all of the surrendered Notes for repurchase and has forwarded cash in payment of the same to the paying agent for distribution to the applicable holders.

    About Bilibili Inc.

    Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with All the Videos You Like as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed our users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and the frontier for promoting Chinese culture across the world.

    For more information, please visit: http://ir.bilibili.com.

    For investor and media inquiries, please contact:

    In China:

    Bilibili Inc.
    Juliet Yang
    Tel: +86-21-2509-9255 Ext. 8523
    E-mail: ir@bilibili.com

    Piacente Financial Communications
    Helen Wu
    Tel: +86-10-6508-0677
    E-mail: bilibili@tpg-ir.com

    In the United States:

    Piacente Financial Communications
    Brandi Piacente
    Tel: +1-212-481-2050
    E-mail: bilibili@tpg-ir.com

    The MIL Network

  • MIL-OSI Africa: Multi-pronged approach to combat gang violence

    Source: South Africa News Agency

    Multi-pronged approach to combat gang violence

    Government is embarking on a multi-pronged approach to address gang-related crime and its underlying socio-economic causes, Deputy President Paul Mashatile said.

    Speaking on the Justice, Crime Prevention and Security (JCPS) Cabinet Committee’s strategy, the Deputy President emphasised that combating crime requires more than traditional policing.

    He further highlighted several key points of the strategy, which include the development of a national anti-gang initiative, the enhancement of anti-gang units within the South African Police Service (SAPS), the implementation of Operation Shanela to focus on strategic law enforcement efforts, and an emphasis on community engagement and collaboration with stakeholders.

    The need for a multi-disciplinary approach involving various government departments to address crime effectively was also emphasised.

    “This strategy, supported by the anti-gang action plan, focuses on gangsterism through intelligence gathering, proactive policing, community engagement and stakeholder collaboration in this regard,” he said during a question-and-answer session in Parliament on Thursday.

    WATCH | Question and answer session in the National Assembly
     

    READ | Deputy President to respond to oral questions

    Additionally, the country’s second-in-command said the SAPS is working around the clock to investigate and finalise gang-related cases, including drug trafficking, shootings and murders.

    “As a result, according to the latest statement released by SAPS, ongoing operations, which are focusing on combating and preventing crime, including gender-based violence and femicide [GBVF], have led to the arrest of more than 13 000 suspects.”

    He believes that the latest statistics show a significant decrease in most crime categories compared to the previous financial year but added that more efforts are needed.

    As the Chair of the JCPS, he stated that he will continue to engage with the Minister of Police, the National Police Commissioner, and the MECs of Safety in all provinces. 

    Their goal is to enhance efforts in combating organised crime and gang-related killings, particularly in provinces like KwaZulu-Natal and the Western Cape, where these issues are prevalent.

    “Our goal is to eliminate immediate threats posed by crime and gangs in identified high crime areas, while fostering a safe and secure environment for long-term stability.”

    The Deputy President emphasised a multidisciplinary approach, engaging various government departments to tackle root causes such as poverty and unemployment.

    He noted that economic growth and job creation are crucial in preventing youth from turning to criminal activities.

    Water issues 

    The Deputy President discussed the Water Task Team’s efforts to address water shortages, with a focus on 105 non-performing municipalities and enhancing municipal service management. 

    The team was established by President Cyril Ramaphosa  last year under the leadership of the Deputy President to address water challenges in various areas in the country.

    The Deputy President told the Members of Parliament that the Department of Water and Sanitation has established oversight structures and a specialised unit for priority projects and that a comprehensive water debt management plan is recommended. 

    “We are going to carefully look at the resolutions of the Water Indaba because it does address, particularly these issues, because some of the municipalities can’t be water authorities,” he said. 

    READ | Call for national turnaround plan on water security

    In addition, he stated that consequence management for underperforming municipal managers is being considered. 
    “So, we are going to look at how we can, where possible, assist them to be effective in generating revenue. We have realised that poor maintenance of facilities is one of the biggest problems. 

    “If you visit many of our cities, you’ll find that there are problems with leakages and that non-revenue water is a significant issue. So, we’re going to work with them to try and deal with those challenges.” 

    HIV and AIDS

    Shifting focus to HIV and AIDS, he said the withdrawal of US$8 billion in the President’s Emergency Plan for AIDS Relief (PEPFAR) funding for the HIV/AIDS programme will be offset by increased government spending and engagement with other markets. This as funding by the United States Government has been withdrawn. – SAnews.gov.za

    Gabisile

    MIL OSI Africa

  • MIL-OSI China: AIIB to host 10th annual meeting in Beijing

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

    The Asian Infrastructure Investment Bank (AIIB) will convene its 10th Annual Meeting of the Board of Governors in Beijing from June 24 to 26, with over 3,500 participants from nearly 100 countries and regions expected to attend, Vice President and Corporate Secretary Ludger Schuknecht announced at a recent media briefing.

    Founded in 2016, the Beijing-headquartered multilateral development bank has expanded from 57 to 110 members – representing 81% of the world’s population and 65% of global GDP – while maintaining highest credit ratings from three major rating institutions.

    The bank has approved $60 billion in financing across 318 projects, mobilizing over $200 billion in infrastructure investments.

    Apart from launching a series of events to celebrate a decade of impact, the meeting will convene members, partners, business leaders, and international organizations, as well as global experts from a variety of fields, to engage in discussions, collaborations, and forward-looking dialogue.

    With the theme of “Connecting for Development, Collaborating for Prosperity,” the event will address topics including interconnectivity and regional collaboration, green financing, private capital mobilization, digital transformation, and partnership building in its 17 public forums.

    MIL OSI China News

  • MIL-OSI China: Suzhou Industrial Park provides fertile ground for innovation

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

    More than 30 years ago, Suzhou Industrial Park (SIP) was just a stretch of low-lying paddy fields on the outskirts of Suzhou, eastern China’s Jiangsu province. Today, towering skyscrapers and modern infrastructure define the skyline of what has become a fertile ground for innovation and entrepreneurship. 

    This combo photo shows a blueprint of the Suzhou Industrial Park drawn in 1994 (top) and an aerial view of the industrial park (bottom) in 2024. [Photo provided to China.org.cn]

    The transformation began in the spring of 1994, when SIP was launched as the first cooperation project between the Chinese and Singaporean governments, aiming to build a world-class industrial zone.

    For three decades, SIP has centered its growth strategy on openness and innovation. In 2024, the park’s GDP reached 400.2 billion yuan (US$55.68 billion), making up nearly one sixth of the entire city’s GDP. Its R&D intensity reached 5.61% this year, among the highest in China’s economic and technological development zones.

    “Opening-up and innovation are the park’s greatest feature,” said Liu Hua, vice chairperson of the Administrative Committee of SIP, during an interview on Wednesday.

    Much of SIP’s growth has been driven by its efforts of supporting enterprises as the main players in its innovative development. The park channels resources to help them launch businesses, tackle technological challenges, and unlock new creative potential.

    So far, SIP is home to more than 10,000 technology companies and over 3,000 national high-tech enterprises. It has also cultivated more than 4,600 small and medium-sized tech firms. 

    “We provide efficient services and support to companies, achieving win-win results through cooperation,” Liu said. She added that SIP has accelerated the development of a modern industrial system centered on artificial intelligence, digital industries, and next-generation information technologies.

    AISpeech is one such company that came to SIP to develop conversational artificial intelligence. Yu Kai, the firm’s co-founder and chief scientist, said Suzhou was the first national development zone in China to support AI development with dedicated policies.

    “Suzhou is very active in attracting investment and boasts strong technological infrastructure,” Yu said. Even before he founded AISpeech in 2007, local officials had visited Cambridge University, where he earned his Ph.D. in engineering, to promote investment opportunities.

    “I chose to set up my company in SIP because Suzhou offers a solid foundation with its strategic planning, efficient governance, and clear support for technology industry policies,” he said.

    Today, AISpeech holds 1,597 intellectual property rights and has developed over 70 national and industry standards. Its clients include major automakers and tech firms such as Mercedes-Benz, BYD, Haier, and Xiaomi.

    Last year, the Yangtze River Delta Innovation Consortium in Language Computing, led by AISpeech, was selected as one of the first 12 Yangtze River Delta innovation consortiums.

    “Through this consortium, companies and institutions work together to accelerate breakthroughs in key technologies and applications,” Yu said. “It will play a key role in advancing the development and application of language intelligence technologies in China.”

    MIL OSI China News

  • MIL-OSI Video: UK Lord O’Neill of Gatley: Lord Speaker’s Corner | House of Lords | Episode 29

    Source: United Kingdom UK House of Lords (video statements)

    ‘The US is just so obsessed about being big, it doesn’t understand that by others becoming bigger, the US can become wealthier.’

    Jim O’Neill, Lord O’Neill of Gatley, is an ex-Treasury Minister, former Chief Economist at Goldman Sachs and Crossbench member of the House of Lords.

    In this latest episode of Lord Speaker’s Corner, Lord O’Neill shares his perspectives with Lord McFall of Alcluith on a range of topics, from China and the USA to AI, the risks of rising antimicrobial resistance and why Manchester should be prioritised as Britain’s second city.

    At Goldman Sachs, Lord O’Neill coined the term BRIC (Brazil, Russia, India, China) to describe the group of emerging economies. In this episode he shares his thoughts on how that has progressed, as well as President Donald Trump’s current tariffs approach by the US. He explains ‘the path which Trump seems to have embarked on, of aggressive confrontation, is not likely to be sustained because it is in America’s interests for China to continue to do well economically.’

    He also shares his thoughts on the current approach to AI, warning against letting tech sectors self-regulate: ‘this idea that just let the financial sector regulate itself and there’d be no problem…that didn’t turn out too well, did it? And there’s a lot of these AI guys wanting to do the same.’

    Lord O’Neill also calls for greater devolution, with powers for regions to raise local taxes, suggesting ‘people here (in Westminster) need to have excitement about giving responsibility to local people in these places to make a national difference.’ He also calls for devolution on welfare-spending with health-linked budgets for local authorities: ‘There’s a serious case for exploring devolving aspects of the welfare support budget as it links to critical health illness’

    See more from the series https://www.parliament.uk/business/lords/house-of-lords-podcast/

    #HouseOfLords #UKParliament #LordSpeakersCorner #LordsMembers

    https://www.youtube.com/watch?v=3BHfC5saj3g

    MIL OSI Video

  • MIL-OSI United Kingdom: Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Source: United Kingdom – Executive Government & Departments

    News story

    Amanda Timberg and Darren Xiberras reappointed as Board Members of the National Citizen Service Trust

    Amanda Timberg and Darren Xiberras have been reappointed by HM The King as Board Members to support with the orderly wind-down of the National Citizen Service Trust. Darren (as Chair) and Amanda (as member) play an important role on the Audit and Risk sub-Committee (ARC), which has an important role to play in the wind-down.

    Amanda Timberg

    Appointed for a 3 year term commencing 12th June 2025.

    Amanda has dedicated her career to improving access to opportunities through investing in people and communities. She has worked in various roles at Google over the last decade and is currently serving as the Director of Global Programs at Google.org. There, she leads initiatives like product contributions, employee giving, volunteering, and apprenticeships.

    Before Google, Amanda spent fifteen years in education charities in the UK and the US, including a decade as Executive Director at Teach First, working to develop and equip teachers and leaders to make an impact towards educational equity. 

    Amanda started her career teaching primary school in Compton, California and worked at both Teach For America and the Los Angeles Unified School District in southern California. She holds an MSc in Voluntary Sector Management from Bayes Business School.

    Darren Xiberras 

    Appointed for a 3 year term commencing 12th June 2025.

    Darren is currently Chief Financial Officer of Cardiff University and a member of the University Executive Board. He oversees all aspects of the University’s finances and financial performance. He is a Director of UMAL Limited which is a specialist provider of insurance services to the Higher and Further Education sectors.

    Prior to joining Cardiff University, Darren was Chief Finance Officer at the University of South Wales having joined them in 2019. Immediately before that, he held the same role for the education charity Teach First where he also oversaw the Human Resources (HR), property and IT functions.

    Prior to Teach First, Darren was Finance Director of ENGIE (formerly GDF Suez) UK’s £350m turnover public sector division, delivering property services to a multitude of blue-chip public sector clients across the UK.

    Darren has also been Director of Corporate Services for a national UK charity and held the role of Group Finance Director for an Alternative Investment Market (AIM) listed PLC delivering services to the public sector. He trained as an accountant with South Wales Electricity PLC.

    Darren has held several other voluntary roles for both charities and in Higher Education.

    Remuneration and Governance Code

    Board Members of the National Citizen Service Trust are not remunerated. This appointment has been made in accordance with the Cabinet Office’s Governance Code on Public Appointments. The appointments process is regulated by the Commissioner for Public Appointments.

    Under the Code, any significant political activity undertaken by an appointee in the last five years must be declared. This is defined as including holding office, public speaking, making a recordable donation, or candidature for election. Amanda Timberg and Darren Xiberras have not declared any significant political activity.

    Updates to this page

    Published 13 June 2025

    MIL OSI United Kingdom

  • MIL-OSI: Himax Technologies, Inc. to Hold Annual General Meeting on August 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, June 13, 2025 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that the Company will hold its Annual General Meeting (“AGM”) in Taiwan on August 13, 2025.

    Details of the Annual General Meeting are below:

    TIME and DATE: TAIWAN 9:30 a.m., August 13, 2025
       
    LOCATION: HIMAX FAB 2 – TAINAN CITY, TAIWAN
       

    Shareholders will vote to adopt the Company’s 2024 Audited Accounts and Financial Reports, re-elect Mr. Yan-Kuin Su as an Independent Director of the Company, amend and restate the Company’s Amended and Restated 2011 Long-Term Incentive Plan by the Amendment(s) extending its duration for additional five years to September 6, 2030, and transact any other business brought before the 2025 AGM. Copies of the Company’s Proxy Statement and 2011 Long-Term Incentive Plan Amended and Restated as of August 31st, 2016, 2nd Amended and Restated as of August 28th, 2019, 3rd Amended and Restated as of August 16th, 2022, and 4th Amended and Restated as of August 13rd, 2025 have been filed with the SEC.

    Additionally, a copy of Himax Technologies 2024 Annual Report has been posted on the Himax website for download. The Annual Report can be accessed at the following link: https://www.himax.com.tw/investors/financial-information/.

    For additional information and travel arrangements, please contact Company or investor relations representatives listed below.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,603 patents granted and 389 patents pending approval worldwide as of March 31, 2025.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2024 filed with the SEC, as may be amended.

    Company Contacts:
      
    Karen Tiao, Head of IR/PR
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us 
    www.mzgroup.us

    The MIL Network

  • MIL-OSI Africa: United Nations (UN) Tourism Commission for Africa Meets to Boost Social Impact, Innovation, and Youth Empowerment


    Download logo

    The UN Tourism Regional Commission for Africa (CAF), brought together tourism leaders, government officials, and creative-sector stakeholders to chart a future where tourism drives lasting, inclusive development across the region. The event brought together more than 300 delegates, including 18 Ministers of Tourism, reflecting the high-level support for UN Tourism’s work and vision for the region.

    Secretary-General Zurab Pololikashvili opened the 68th session with a call to action rooted in partnership and progress. Reflecting on his first visit to Abuja in 2018, he noted that “progress is built on partnership and Africa’s story is one of resilience and renewal.” He lauded the region’s rapid recovery in tourism, driven by streamlined protocols, digital innovation, and targeted skill development, and reaffirmed commitment to the Agenda for Africa: Tourism for Inclusive Growth.

    Shared progress celebrated

    In Abuja, UN Tourism’s Member States in Africa were given a thorough overview of the progress made in advancing shared goals since the Regional Commission’s last meeting. Key highlights of this shared progress include:

    • The launch of the Thematic Office on Innovation for Africa, in partnership with Morocco, designed to drive investment, capacity-building, and digital transformation in tourism.
    • A strong emphasis on creative industries, music, film, fashion, and cuisine, as drivers of culture-led tourism, visitor engagement, and local livelihoods.
    • Advancements in education and youth empowerment, including new courses, academy launches in Zambia and Zimbabwe, and expansive training and entrepreneurship programmes.

    “Tourism can be a ladder out of poverty and a platform for leadership,” Pololikashvili said, urging further investment in digital literacy, vocational training, and youth entrepreneurship, particularly for women and marginalized communities.

    Key roles for African Member States in UN Tourism

    In Abuja, Africa’s Member States fulfilled their statutory obligations with elections to key positions that will guide UN Tourism’s work forward over the coming years:

    • ⁠ Angola; Kenya; Seychelles; Zambia; Zimbabwe will serve on the UN Tourism Executive Council (2025-2029)
    • Nigeria and Zimbabwe will serve as Vice-Presidents of the UN Tourism General Assembly (2025)
    • Zambia will Chair the Regional Commission for Africa (2025-2027), with Angola and Nigeria the Vice-Chairs

    Looking ahead, Seychelles will host the 69th Meeting of the UN Tourism Commission for Africa (date TBC). Cabo Verde will then host the official celebrations for World Tourism Day 2027.

    Innovation to shape Africa’s tourism future

    The week’s discussions underlined a shared vision: tourism led by Africans, powered by innovation, and rooted in cultural identity. Delegates stressed that technology and Artificial Intelligence must serve people first, by widening market access, easing travel, and reinforcing ethical standards.

    On the sidelines of the 68th CAF meeting, UN Tourism held a Technical Workshop on AI and Innovation shaping Tourism and Creative Industries for local officials. Discussions focused on placing AI tools and innovation to be at the forefront of tourism development across Africa, as well as on supporting education and entrepreneurial skills for growth as well as the importance of public-private partnerships.

    Distributed by APO Group on behalf of World Tourism Organization (UN Tourism).

    MIL OSI Africa

  • Air India crash: PM Modi visits Ahmedabad crash site, assesses damage, meets injured

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Friday visited the site of the Air India crash in Ahmedabad, where the London-bound flight carrying 242 people went down a day earlier.

    The aircraft crashed minutes after takeoff from Sardar Vallabhbhai Patel International Airport, killing 241 people. Only one passenger – a British national of Indian origin – survived.

    “The scene of devastation is saddening,” PM Modi said in a post on X after reviewing the wreckage. “Met officials and teams working tirelessly in the aftermath. Our thoughts remain with those who lost their loved ones in this unimaginable tragedy.”

    After his visit to the crash site, the Prime Minister proceeded to Ahmedabad Civil Hospital, where he met the injured and offered support to grieving families. He also interacted with doctors and medical staff — including those who had been hurt in the crash — and reviewed the condition of patients receiving treatment.

    Later, the Prime Minister chaired a high-level review meeting in Ahmedabad, joined by Gujarat Chief Minister Bhupendra Patel, Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu, State Home Minister Harsh Sanghavi, and other senior officials from both the Central and State governments.

    Flight AI-171, headed to London Gatwick, crashed into the hostel complex of BJ Medical College at 1:38 p.m. IST on Thursday, triggering a massive blaze and a large-scale emergency response.

    Union Home Minister Amit Shah visited the crash site on Thursday and later chaired a high-level meeting with Civil Aviation Minister Naidu, Gujarat Chief Minister Bhupendra Patel, and senior officials to review relief and rescue measures.

    Shah said DNA testing was underway to confirm the identities of the victims and assured that results would be delivered at the earliest by Gujarat’s Forensic Science Laboratory (FSL) and the National Forensic Sciences University (NFSU). DNA samples of family members arriving from abroad would be collected on arrival, he added.

    A formal investigation into the crash has been launched by the Aircraft Accident Investigation Bureau (AAIB) in accordance with international protocols under the International Civil Aviation Organization (ICAO), said Civil Aviation Minister Naidu. A high-level expert committee is also being formed to examine the incident and suggest safety improvements to prevent future tragedies.

    The United States National Transportation Safety Board (NTSB) announced it would send a team of investigators to India to assist the AAIB.

    “The NTSB will be leading a team of US investigators travelling to India to assist the Aircraft Accident Investigation Bureau with its investigation into the crash of an Air India Boeing 787 in Ahmedabad, India, Thursday,” the agency said, noting that all official updates would come from the Indian government under ICAO’s Annex 13 protocols.

    Rescue and Relief Operations Continue

    Rescue operations continued through the night as teams sifted through debris for missing aircraft parts.

    Parts of the plane’s fuselage were scattered around the smouldering building into which it crashed. The tail of the plane was stuck on top of the building.

    Air India CEO Campbell Wilson reached Ahmedabad early Friday. The airline said it had set up Friends & Relatives Assistance Centres at Ahmedabad, Mumbai, Delhi, and Gatwick airports to support the families of those on board.

    “These centres are facilitating the travel of family members to Ahmedabad,” Air India posted on X. Emergency contact numbers were also issued for those seeking information: 1800 5691 444 for calls from within India, and +91 8062779200 for international callers.

    The Tata Group, which took over Air India in 2022, announced a compensation of Rs 1 crore for the family of each deceased passenger.

    “Tata Group will provide Rs 1 crore to the families of each person who has lost their life in this tragedy. We will also cover the medical expenses of those injured and ensure that they receive all necessary care and support. Additionally, we will provide support in the building up of the B J Medical’s hostel,” Tata Sons Chairman N Chandrasekaran said on X.

    Earlier, Air India released a breakdown of the nationalities of those on board: 169 were Indian nationals, 53 British, seven Portuguese, and one Canadian.

    (With inputs from agencies)

  • Offered fullest support: EAM Jaishankar speaks to UK, Portugal, Canada over Air India plane crash

    Source: Government of India

    Source: Government of India (4)

    External Affairs Minister Dr S. Jaishankar said that he is in touch with his counterparts from the United Kingdom, Portugal, and Canada in the aftermath of the Air India Flight AI-171 crash in Ahmedabad, which claimed 241 lives.

    “In touch with FS @DavidLammy of UK, FM @PauloRangel_pt of Portugal and FM @AnitaAnandMP of Canada regarding the Ahmedabad plane crash. Expressed our profound condolences and offered fullest support in this hour of grief,” Jaishankar wrote in a post on X on Friday.

    He had earlier posted: “Thank all foreign leaders and Governments for their condolences at the tragic loss of lives in the Ahmedabad air crash. We appreciate this deeply.”

    The Air India Boeing 787-8 Dreamliner, operating as Flight AI-171 from Ahmedabad to London Gatwick, crashed shortly after takeoff on June 12, plummeting into a densely populated area near BJ Medical College.

    The crash led to the deaths of 241 of the 242 people on board. The sole survivor, a British national of Indian origin, is currently under medical care.

    Among the deceased were 53 British nationals, 7 Portuguese citizens, and 1 Canadian national, making the tragedy an international one. The Ministry of External Affairs (MEA) has since been coordinating with affected countries, offering full assistance with identification, repatriation, and communication with bereaved families.

    Emergency services continue recovery efforts at the site, while DNA testing is underway at BJ Medical College to identify remains too severely damaged for visual recognition.

    Several families from across India, including those from Gujarat, Maharashtra, and Uttar Pradesh, are still awaiting confirmation of their loved ones.

    The Indian government has assured a thorough investigation into what is now considered one of the deadliest aviation disasters in recent Indian history.

    Authorities from the Directorate General of Civil Aviation (DGCA) and Air India are cooperating with international agencies to determine the cause of the crash.

    (With inputs from agencies)

  • MIL-OSI United Nations: UNECE joins United Nations’ global call-to-action to accelerate social progress through AI-powered virtual worlds

    Source: United Nations Economic Commission for Europe

    UNECE joined forces with 17 other UN entities during the 2nd UN Virtual Worlds Day to urge governments, civil society, academia, and the private sector to harness the transformative potential of AI-powered virtual worlds to drive development that works for all.  

    The call-to-action outlines 12 priorities—from expanding connectivity to promoting responsible use of emerging technologies—in order to ensure that no one is left behind in the fast-evolving digital era.  

    “Harnessing virtual worlds through common frameworks and standards can drive regional cooperation and smart, sustainable development. This initiative speaks to the heart of UNECE’s work to digitize its normative and capacity building instruments and enable communities to deal with the most pressing economic, environmental and social challenges in a data-driven and forward-looking manner,” said UNECE Executive Secretary Tatiana Molcean.  

    Held under the theme “From Innovation to Impact: Delivering on the Pact for the Future”, the second edition of UN Virtual Worlds Day highlighted the importance of interagency cooperation and demonstrated the growing momentum across the UN system to foster shared innovation, global standards, and inclusive digital ecosystems.  

    UNECE presented its policies and frameworks for digital energy transformation, and how they can enable more efficient, sustainable and clean energy systems. The energy sector is responsible for 70% of global GHG emissions, whereas its net useful energy output is estimated at only 5-30% due to conversion, transmission, distribution, and end-use losses. Harnessing digital innovations, such as AI-powered virtual plants and smart grids, can lead to systemic energy efficiency improvements and optimization, reducing energy costs by 80% by optimizing the efficiency of buildings and industrial facilities through retrofitting and electrification. 

    With its policies that support flexible, secure and interoperable energy systems, regulatory innovation that fosters open collaboration, as well as inclusive capacity-building strategies, UNECE is helping UN Member States to achieve system-wide efficiency and resilience in the energy sector. Above all, UNECE promotes a human-centered approach to digitalization that balances innovation with ethical considerations and prioritizes equity, social considerations, and long-term sustainability for a just transition.   

    Twelve priorities for a digital future for all  

    The call-to-action emphasizes the importance of expanding access to meaningful connectivity; empowering people through digital public infrastructure; promoting responsible and transparent use of AI; protecting environmental sustainability and cultural heritage; fostering youth digital skills and innovation; and advancing global standards and multistakeholder collaboration.  

    The priorities in the call directly respond to the Pact for the Future, adopted at the 2024 UN Summit of the Future, and support the implementation of its Global Digital Compact and Declaration for Future Generations, as well as the World Summit on the Information Society+20 (WSIS+20) process beyond 2025.  

    They also offer concrete proposals to inform the 2025 Second World Summit for Social Development (WSSD2), which aims to accelerate action on poverty eradication, the promotion of full employment and decent work, and social inclusion.  

    From vision to action: Partnering to deliver the digital future  

    The second edition of UN Virtual Worlds Day was co-organized by a broad coalition of UN entities, including: ITU, ITCILO, FAO, UNECA, UNECE, UNECLAC, UNESCWA, UNFCCC, UN Guatemala, UN-Habitat, UNICC, UNICEF, UNRISD, UN Tourism, UNU, UN Futures Lab, World Bank, and WIPO.  

    The collaboration illustrates the UN system’s capacity to co-create global solutions and work across sectors and regions to catalyze innovation that serves the public good, promoting open, rights-based digital transformation.  

    The event reaffirmed the need for practical, scalable partnerships to ensure that the benefits of virtual worlds and AI reach rural, remote, and underserved communities worldwide, leaving no one behind.  

    UN Virtual Worlds Day also unveiled the Citiverse Use Case Taxonomy Overview, the first flagship deliverable of the Global Initiative on AI and Virtual Worlds—a UN-led platform for promoting open, interoperable, and trustworthy AI-powered virtual worlds for people, businesses, and public services.  

    The interactive catalogue showcases real-world applications of AI-powered virtual environments transforming education, climate action, urban governance, public services, and economic resilience.  

    Read the full text of the Call-to-Action and explore the Citiverse Use Case Taxonomy: www.itu.int/un-virtual-worlds-day/2025   

    MIL OSI United Nations News

  • MIL-OSI Asia-Pac: President Lai meets delegation led by French National Assembly Taiwan Friendship Group Chair Marie-Noëlle Battistel

    Source: Republic of China Taiwan

    Details
    2025-06-05
    President Lai hosts state banquet for President Bernardo Arévalo of Republic of Guatemala  
    At noon on June 5, President Lai Ching-te hosted a state banquet at the Presidential Office for President Bernardo Arévalo of the Republic of Guatemala and his wife. In his remarks, President Lai noted that Taiwan and Guatemala have both undergone an arduous democratization process, and therefore, in face of the continuous expansion of authoritarian influence, must join hands in brotherhood and come together in solidarity to safeguard our hard-earned freedom and democracy. President Lai also expressed hope that both countries will work together and continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. A translation of President Lai’s remarks follows: Once again, I would like to offer a warm welcome to President Arévalo and First Lady Lucrecia Peinado, who are leading this delegation to Taiwan. President Arévalo’s previous visit to Taiwan was 31 years ago. Back then, Taiwan did not have direct presidential elections, and the nation was continuing to make progress toward democratization. Today, 31 years later, Taiwan has conducted direct presidential elections eight times, with three transfers of power between political parties. On this visit, I am sure that President Arévalo will gain a deep appreciation for Taiwan’s free and democratic atmosphere.  Taiwan and Guatemala have both undergone an arduous democratization process. A little over 200 years ago, the people of Guatemala took a stand against colonial oppression, seeking national dignity and the freedom of its people. Eighty-one years ago, President Arévalo’s father, Juan José Arévalo, became Guatemala’s first democratically elected president, establishing an important foundation for subsequent democratic development.  Our two peoples have democracy in their blood. Both know the value of freedom and democracy and are willing to take a stand for those values. Therefore, in face of the continuous expansion of authoritarian influence, our two countries must join hands in brotherhood to respond to threats and challenges, and come together in solidarity to safeguard our hard-earned freedom and democracy. I hope that both countries will work together to continue to deepen various exchanges and cooperation, taking a friendship that has lasted over 90 years to new heights. I hope that on this visit, in addition to gaining a deeper understanding of Taiwan’s political, economic, and social development, President Arévalo can also reacquaint himself with the democratic vitality and cultural diversity of Taiwan by sampling various gourmet delicacies and once again experiencing the beauty of our scenery and warmth of our people. Guatemala is a very beautiful country. In the future, I hope to have a chance to personally experience that beauty, explore Mayan civilization, and savor local Guatemalan coffee. In closing, I wish the visiting delegation a smooth and successful trip, and beautiful, unforgettable memories. May President Arévalo enjoy the best of health, and may the diplomatic friendship between our two countries endure. President Arévalo then delivered remarks, stating that at different times and by different means, the people of Taiwan and Guatemala have relentlessly sought to defend freedom and democracy. We share the same expectations, he said, and are walking the right path amid today’s complex international circumstances.  President Arévalo stated that Taiwan and Guatemala are true democratic nations, where the government’s goal is to serve all the people. He noted that this is far from easy under current circumstances, as many authoritarian regimes use their long-term hold on power to safeguard the interests of select groups and neglect the wellbeing of the population as a whole. President Arévalo said that last week Guatemala commemorated the 40th anniversary of its constitution, which was enacted in 1985 and is Guatemala’s ultimate guide, setting the foundation for democracy and clearly outlining the path ahead. He said that over the past 40 years, Guatemala has continued to follow the democratic blueprint established by the constitution and end the civil war so that the nation could make the transition to real democracy. Although more than a few ambitious people have attempted to destroy that process from within, he noted, the people of Guatemala have never given up the pursuit of democracy as an ideal. President Arévalo stated that our two sides’ coming together here is due to such shared values as freedom and democracy as well as the idea of serving all the people. He underlined that the governments of both countries will continue to work hard and provide mutual support to smooth out each other’s path of democracy, freedom, and justice. President Arévalo emphasized that the government of Guatemala will always be Taiwan’s ally, and that he firmly believes Taiwan is Guatemala’s most reliable partner on the path of democracy and economic prosperity and development. The president said he hopes this visit will be the first step towards setting a new course for the governments and peoples of both countries. Also in attendance at the banquet were Guatemala Minister of Foreign Affairs Carlos Ramiro Martínez, Minister of the Economy Gabriela García, and Guatemala Ambassador Luis Raúl Estévez López.  

    Details
    2025-06-05
    President Lai welcomes President Bernardo Arévalo of Republic of Guatemala with military honors  
    On the morning of June 5, President Lai Ching-te welcomed with full military honors President Bernardo Arévalo of the Republic of Guatemala and his wife, who are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. In remarks, President Lai noted that over the past few years, bilateral cooperation between Taiwan and Guatemala has grown closer and more diverse, and said that moving forward, based on a foundation of mutual assistance for mutual benefit, we will continue to promote programs in line with international trends, spurring prosperity and development in both our nations. The military honors ceremony began at 10:30 a.m. in the Entrance Hall of the Presidential Office. After a 21-gun salute and the playing of the two countries’ national anthems, President Lai and President Arévalo each delivered remarks. A translation of President Lai’s remarks follows: Today, President Arévalo and First Lady Lucrecia Peinado are leading a delegation of cabinet members visiting Taiwan for the first time, demonstrating the deep and enduring alliance between our nations. On behalf of the people and government of the Republic of China (Taiwan), I want to extend my sincerest welcome. Last year, our two countries celebrated the 90th anniversary of diplomatic ties, providing mutual support all along the way. Especially over the past few years, bilateral cooperation has grown closer and more diverse. We have a long record of remarkable results, whether in terms of medicine and public health, education and culture, technological cooperation, or economic and trade exchanges. Moving forward, based on a foundation of mutual assistance for mutual benefit, Taiwan and Guatemala will continue to promote programs in line with international trends. We will continue to strengthen exchange and cooperation for young people, as well as scholarship programs, and actively cultivate high-tech and information and communications technology industry talent, spurring prosperity and development in both our nations. Although separated by a great distance, the peoples of both countries are closely connected by their ideals and values. I am confident that with President Arévalo’s support, bilateral exchanges and cooperation will become closer and more diverse, beginning a very promising new chapter. I wish the visiting delegation a smooth and successful trip. President Arévalo then delivered remarks, saying that on behalf of the government and people of Guatemala, he is honored to visit the Republic of China (Taiwan), this beautiful nation, and to receive full military honors, which reflects the mutual respect between our two nations as well as our solid friendship. Especially as this state visit comes as we celebrate 90 years of formal diplomatic ties, he said, he has brought the foreign minister, economics minister, private secretary to the president, and social communication secretary as members of his delegation, in the hope of our ties embarking on a new chapter. President Arévalo said that Guatemala-Taiwan ties have in recent years been growing steadily on a foundation of mutual understanding and cooperation, making significant progress, and that our peoples have also cultivated sincere friendships and cooperative relationships across many fields. Our nations are especially promoting public health, education, agricultural technology, and infrastructure, he said, key fields which are conducive to economic and social development. He expressed his hope that on such good foundations of the past, we can further strengthen our bilateral ties for the future. President Arévalo stated that through this state visit they not only want to reaffirm the good bilateral ties between our nations, but that they also hope to define a trajectory for the future of our cooperation in the direction of expanding economic cooperation, building economic and trade alliances, and facilitating investment to foster a Taiwan-Guatemala relationship that benefits both peoples. He then expressed gratitude to the people of Taiwan for helping Guatemala over the past 90 years and reaffirmed the unwavering support of Guatemala for the Republic of China (Taiwan). On the occasion of this visit, he said, he hopes to extend a friendly hand to the people of Taiwan, adding that he looks forward to our nations continuing to take major steps forward on the road of mutual assistance and prosperity. Also in attendance at the welcome ceremony were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    Details
    2025-06-03
    President Lai confers decoration on President Hilda C. Heine of Republic of the Marshall Islands, hosts state banquet  
    At noon on June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, conferred a decoration upon President Hilda C. Heine of the Republic of the Marshall Islands, and hosted a state banquet for President Heine and her husband at the Presidential Office. In remarks, President Lai thanked President Heine for her commitment to deepening the diplomatic partnership between our nations and speaking up for Taiwan in the international arena. He also expressed hope for Taiwan and the Marshall Islands to work together to address various challenges through an even greater diversity of exchanges, and that together, we can contribute even more to peace, stability, and development throughout the Pacific region. At the decoration ceremony, President Lai personally conferred the Order of Brilliant Jade with Grand Cordon on President Heine before delivering remarks, a translation of which follows:  The Marshall Islands was the first Pacific ally that I visited after taking office as president. When I arrived there, I was immediately drawn to its beautiful scenery. And I received a very warm welcome from the local people. This gesture showed the profound friendship between our two nations. I was truly touched. I also remember trying your nation’s special Bob Whisky for the first time. The flavor was as unique and impressive as the landscape of the Marshall Islands.  In addition to welcoming our distinguished guests today, we also presented President Heine with the Order of Brilliant Jade with Grand Cordon. On behalf of the people of Taiwan, I want to thank President Heine for her commitment to deepening the diplomatic partnership between our nations, and for staunchly speaking up for Taiwan in the international arena. Both I and the people of Taiwan are profoundly grateful to President Heine for her friendship and support. Over the past few years, cooperation between Taiwan and the Marshall Islands has grown ever closer. And this visit by our distinguished guests will allow our two countries to further expand areas of bilateral exchange. I have always believed that only through mutual assistance and trust can two countries build a longstanding and steadfast partnership. I once again convey my sincere aspiration that Taiwan and the Marshall Islands work together to address various challenges through an even greater diversity of exchanges. Together, we can contribute even more to peace, stability, and development throughout the Pacific region. In closing, I want to thank President Heine and First Gentleman Thomas Kijiner, Jr. for leading this delegation to Taiwan, which deepens the foundations of our bilateral relationship. May our two nations enjoy a long and enduring friendship. President Heine then delivered remarks, stating that she felt especially privileged to receive the Order of Brilliant Jade with Grand Cordon of the Republic of China (Taiwan), and humbly accepted the honor with the utmost gratitude, humility, and deep responsibility. This is a deep responsibility, she said, because she understands that since its inception in 1933, this order has been bestowed upon a select few. She then thanked President Lai for this great honor. President Heine stated that the banquet was not just a celebration of our bilateral friendship, but a true reflection of the generosity of the Taiwan spirit and a testament to the enduring ties between our nations, founded on shared values and aspirations, including a respect for the rule of law, the preservation of human dignity, and a deep commitment to democracy. President Heine stated that the Taiwan-Marshall Islands partnership continues to evolve through practical cooperation and mutual support. In recent years, she said, our countries have worked hand in hand across a range of vital sectors, including the recent opening of the Majuro Hospital AI and Telehealth Center and the ongoing and successful Taiwan Health Center, various technical training and scholarship programs, and various climate change adaptation projects in renewable energy, coastal resilience, and sustainable agriculture.   President Heine emphasized that the Marshall Islands continues to be a proud and vocal supporter of Taiwan’s meaningful participation in the United Nations system and other international organizations. Taiwan’s exclusion from these platforms, she said, is not only unjust, but is bad for the world, and the global community needs Taiwan’s voice and expertise.  President Heine also expressed sincere appreciation to all of the Taiwanese friends who have contributed their efforts to deepening bilateral relations, including government officials, healthcare workers, teachers, engineers, and volunteers. The people of the Marshall Islands, she said, deeply appreciate and value everyone’s efforts and service. President Heine said that as we celebrate our partnership, let us look to the future with hope and determination, continue to work together, learn from one another, and support one another to champion a world where all nations can chart their own course based on peace and international law. Also attending the state banquet were Marshall Islands Council of Iroij Chairman Lanny Kabua, Minister of Foreign Affairs and Trade Kalani R. Kaneko, Minister of Finance David Paul, Nitijela Standing Committee on Foreign Affairs and Trade Chairperson Joe Bejang, and Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.  

    Details
    2025-06-03
    President Lai and President Hilda C. Heine of Marshall Islands hold bilateral talks and witness signing of agreements
    On the morning of June 3, President Lai Ching-te, accompanied by Vice President Bi-khim Hsiao, held bilateral talks with President Hilda C. Heine of the Republic of the Marshall Islands at the Presidential Office following a welcome ceremony with military honors for her and her husband. The leaders also jointly witnessed the signing of a letter of intent for sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund. President Lai then presided over a launch ceremony for a loan program to purchase aircraft. In remarks, President Lai thanked the government and the Nitijela (parliament) of the Marshall Islands for their longstanding support for Taiwan’s international participation and for voicing staunch support for Taiwan at numerous international venues. President Lai said that Taiwan looks forward to continuing to deepen its diplomatic partnership with the Marshall Islands and build an even closer cooperative relationship across a range of fields, engaging in mutual assistance for mutual benefits and helping each other achieve joint and prosperous development to yield even greater well-being for our peoples. A translation of President Lai’s remarks follows: I once again warmly welcome President Heine, First Gentleman Thomas Kijiner, Jr., and our guests to Taiwan. During my visit to the Marshall Islands last year, I said that Taiwan and the Marshall Islands are truly a family. When Vice President Hsiao and I took office last year, President Heine led a delegation to Taiwan. It is now one year since our inauguration, and I am delighted to see President Heine once again, just as if I were seeing family arrive from afar. Through my visit to the Marshall Islands, I gained a profound sense of the friendship between the peoples of our two nations, well-demonstrated by bilateral exchanges in such areas as healthcare, agriculture, and education. And it is thanks to President Heine’s longstanding support for Taiwan that our countries have been able to further advance collaboration on even more issues, including women’s empowerment and climate change. In recent years, the geopolitical and economic landscape has changed rapidly. We look forward to Taiwan and the Marshall Islands continuing to deepen our partnership and build an even closer cooperative relationship. In just a few moments, President Heine and I will witness the signing of several documents, including a memorandum of understanding and a letter of intent, to expand bilateral cooperation in such fields as sports, education, and transportation. Taiwan will take concrete action to work with the Marshall Islands and advance mutual prosperity and development, writing a new chapter in our diplomatic partnership. I would also like to take this opportunity to express gratitude to the government and Nitijela of the Marshall Islands. In recent years, the Nitijela has passed annual resolutions backing Taiwan’s international participation, and President Heine and Marshallese cabinet members have been some of the strongest advocates for Taiwan’s international participation, voicing staunch support for Taiwan at numerous international venues. Building on the pillars of democracy, peace, and prosperity, Taiwan will continue to work with the Marshall Islands and other like-minded countries to deepen our partnerships, engage in mutual assistance for mutual benefits, and help one another achieve joint and prosperous development. I have every confidence that the combined efforts of our two nations will yield even greater well-being for our peoples and see us make even more contributions to the world. President Heine then delivered remarks, and began by conveying warm greetings of iokwe from the people and government of the Republic of the Marshall Islands to the people and government of the Republic of China (Taiwan). She said she was deeply honored to be in Taiwan for an official visit, and extended appreciation to President Lai and his government for their gracious invitation and warm welcome. President Heine stated that this year marks 27 years of diplomatic ties between our two nations, and that they are proud of this enduring friendship. This special and enduring relationship, she said, is grounded in our shared Austronesian heritage, and strengthened by mutual respect for each other’s democratic systems and our steadfast commitment to the core values of freedom, justice, and the rule of law. President Heine stated that Taiwan’s continued support has been invaluable to the people and national development of the Marshall Islands, particularly in the areas of health, education, agriculture, and climate change. She also expressed deep appreciation to Taiwan for providing Marshallese students with opportunities to study in Taiwan, and for the care extended to Marshallese who travel here for medical treatment. President Heine also announced that she would be presenting a copy of a resolution by the people and government of the Republic of the Marshall Islands reiterating their appreciation for the support provided by the people and government of the Republic of China (Taiwan), and calling on the United Nations to take immediate action to resolve the inappropriate exclusion of Taiwan’s 23 million people from the UN system. She added that she looked forward to the bilateral discussions later that day, and to continuing the important work that both countries carry out together. After the bilateral talks, President Lai and President Heine witnessed the signing of a letter of intent regarding sports exchanges and a memorandum of understanding regarding the Presidents’ Scholarship Fund by Minister of Foreign Affairs Lin Chia-lung (林佳龍) and Marshallese Minister of Foreign Affairs and Trade Kalani R. Kaneko. President Lai then presided over a launch ceremony for a loan program to purchase aircraft, marking the formal beginning of Taiwan-Marshall Islands air transport cooperation. The visiting delegation also included Council of Iroij Chairman Lanny Kabua, Minister of Finance David Paul, and Nitijela Standing Committee on Foreign Affairs and Trade Chair Joe Bejang. They were accompanied to the Presidential Office by Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands.

    Details
    2025-06-03
    President Lai welcomes President Hilda C. Heine of Republic of the Marshall Islands with military honors  
    President Lai Ching-te welcomed President Hilda C. Heine of the Republic of the Marshall Islands and her husband on the morning of June 3 with full military honors. In remarks, President Lai thanked President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. The president said that over our 27 years of diplomatic relations, our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. And moving ahead, he said, Taiwan will continue to deepen collaboration across all domains for mutual prosperity and growth. The welcome ceremony began at 10:30 a.m. in the plaza fronting the Presidential Office. President Lai and President Heine each delivered remarks after a 21-gun salute, the playing of the two countries’ national anthems, and a review of the military honor guard. A translation of President Lai’s remarks follows: On behalf of the people and government of the Republic of China (Taiwan), it is a great pleasure to welcome President Heine, First Gentleman Thomas Kijiner, Jr., and their delegation with full military honors as they make this state visit to Taiwan. When I traveled to the Marshall Islands on a state visit last December, I was received with great warmth and courtesy. I once again thank President Heine and the people and government of the Marshall Islands for demonstrating such high regard for our nations’ diplomatic ties. Taiwan and the Marshall Islands share Austronesian cultural traditions, and we are like-minded friends. Throughout our 27 years of diplomatic relations, we have always engaged with each other in a spirit of reciprocal trust and mutual assistance. Our cooperation in healthcare, agriculture, fisheries, education and training, and climate change has yielded many positive results. This is President Heine’s first state visit to Taiwan since taking office for a second time. We look forward to engaging our esteemed guests in in-depth discussions on issues of common concern. And moving ahead, Taiwan will continue to deepen collaboration with the Marshall Islands across all domains for mutual prosperity and growth. In closing, I thank President Heine, First Gentleman Kijiner, and their entire delegation for visiting Taiwan. I wish you all a pleasant and successful trip.  A transcript of President Heine’s remarks follows: Your Excellency President Lai Ching-te, Vice President [Bi-khim] Hsiao, honorable members of the cabinet, ambassadors, distinguished guests, ladies and gentlemen: It is my pleasure to extend warm greetings of iokwe on behalf of the people and the government of the Republic of the Marshall Islands. I wish to also convey my appreciation to Your Excellency President Lai, for the hospitality and very warm welcome – kommol tata. This visit marks my seventh official state visit to this beautiful country. It’s a testament to my strong commitment to further deepening ties between the Republic of the Marshall Islands and the Republic of China (Taiwan). During this visit, I look forward to engaging in meaningful discussions with Your Excellency President Lai to further strengthen the bilateral relationship between our two nations and our peoples.  For over a quarter-century, Taiwan has been a strong ally and friend to the Marshall Islands. Our partnership has thrived across many sectors, including education, healthcare, infrastructure, and economic development. Through Taiwan’s generous support and collaboration, we have made significant progress in improving the lives of our people, empowering our communities, and fostering sustainable growth. The Marshall Islands deeply values our partnership with Taiwan and appreciates Taiwan’s support over the years. Despite our small size and limited voice on the global stage, the Marshall Islands deeply cherishes our friendship with Taiwan, and to that end, I wish to reaffirm my government’s commitment to Taiwan’s meaningful participation in the United Nations system. Taiwan has consistently demonstrated its commitment to the principles of democracy, human rights, and the rule of law. In light of current constraints in global affairs, it is now more urgent than ever that the international community of nations recognize the fundamental rights of the 23 million Taiwanese people and recognize Taiwan’s aspiration to engage fully in global affairs. It is with this in mind that I wish to reiterate to Your Excellency President Lai, the Taiwanese people, and the world that under my government, Marshall Islands will continue to acknowledge Taiwan’s contribution on the global stage and urge like-minded countries to advocate for Taiwan’s meaningful engagement in the international arena. In closing, may I once again extend our sincere appreciation to Your Excellency President Lai, the people and government of the Republic of China (Taiwan), for your warm welcome.  Also in attendance at the welcome ceremony were Charge d’Affaires a.i. Anjanette Davis-Anjel of the Embassy of the Republic of the Marshall Islands, Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman, and members of the foreign diplomatic corps in Taiwan.  

    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

  • MIL-OSI: Temenos named best-selling core banking provider for 20th consecutive year by IBS Intelligence

    Source: GlobeNewswire (MIL-OSI)

    GRAND-LANCY, Switzerland, June 13, 2025 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), a global leader in banking technology, today announced it has been recognized as the #1 best-selling software provider in 13 categories in the IBSi Sales League Table (SLT) 2025.

    Temenos ranked #1 for core banking for the 20th consecutive year, while also topping the table for categories covering digital, payments, wealth and Islamic banking. The results highlight the breadth of Temenos’ leadership as the banking technology provider of choice across multiple product segments.

    The IBS Intelligence Annual Sales League Table is an annual benchmarking exercise, which is now in its 24th year and is based on the number of new customer contracts signed in a calendar year. The SLT is recognized as the barometer for financial technology providers’ sales performance across the banking industry.

    Jean-Pierre Brulard, CEO, Temenos, said: “I’m delighted to see Temenos top the rankings in 13 different categories in the IBSi Sales League Table, highlighting the strength and breadth of our market-leading capabilities. Being named the number one core banking software provider globally for 20 years in a row reflects both our customer-centric focus and relentless investment in innovation. As we continue to lead banking forward with the launch of game-changing Generative and Agentic AI capabilities, the advanced functionality, agility and scalability of our solutions makes Temenos a compelling choice for banks of all sizes around the world.”

    Temenos ranked #1 In the IBSi SLT 2025 across the following 13 categories:

    • Universal Banking – Core
    • Digital Banking and Channels
    • Payments – Retail
    • Private Banking and Wealth Management
    • Risk Management
    • Treasury and Risk Management
    • Digital Only Banks
    • Datawarehouse & BI
    • Islamic Banking – Universal Banking – Core
    • Islamic Banking – Risk Management
    • Islamic Banking – Payments – Retail
    • Islamic Banking – Wholesale Banking Treasury
    • Islamic Banking – Digital Banking and Channels

    With its market-leading core banking suite and best-in-class modular solutions, Temenos offers financial institutions choice, flexibility and a proven path to banking modernization – underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 core banking clients and over 650 digital clients around the world, Temenos software can be deployed on-premises, in the cloud, or as SaaS.

    Investing around 20% of revenues in R&D, Temenos continues to enhance its capabilities. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster, as well as an FCM AI Agent that can help banks significantly reduce false positives in sanctions screening.

    Nikhil Gokhale, Director – Research & Digital Properties at IBS Intelligence, commented: “The 2025 edition of the IBSi Sales League Table reflects the growing maturity of digital transformation across the global banking industry. With sustained investment in modern core platforms, intelligent digital channels, and real-time payments, banks are clearly prioritizing agility, scale, and customer experience. Temenos has once again demonstrated exceptional global leadership, with standout performance in Core, Digital, Payments, and Risk. On behalf of IBSi, I extend my congratulations to the Temenos team for consistently being at the forefront of innovation and execution. The SLT continues to serve as a trusted benchmark for momentum in banking technology worldwide.”

    Recognition in the IBSi SLT is the latest industry accolade for Temenos, which was also named a Leader in the 2024 IDC MarketScapes for Digital Core Banking Platforms in North America, EMEA and Asia Pacific and in the Forrester Wave™: Digital Banking Processing Platforms, Q4 2024.

    The MIL Network

  • MIL-OSI Economics: ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future

    Source: ASEAN

    SIEM REAP, 13 JUNE 2025 – The 2025 ASEAN Digital Senior Officials’ Meeting and ASEAN Telecommunications Regulators’ Council (ADGSOM – ATRC) Joint Working Group and Related Meetings with Dialogue and Development Partners took place on 9-13 June 2025 in Siem Reap, Cambodia.
     
    The 5-day event was chaired by Thailand as the ADGSOM Chair for 2025. The meeting discussed the on-going 2025 ADGSOM and ATRC activities, and deliberated the proposed ADGSOM and ATRC projects for the 2026 Work Cycle for which will be submitted to the 6th ADGSOM for endorsement and the 6th ADGMIN for approval. Additionally, the 15th Sub-Working Group on Spectrum Management (SSM-15) and the 16th ASEAN Network Security Action Council (ANSAC) were held on the sidelines, to discuss ASEAN Member States’ (AMS) collective measures in tackling spectrum and cybersecurity issues, respectively.
     
    Under the theme of Thailand’s ADGMIN Chairmanship in 2025, “Secure, Innovative, Inclusive: Shaping ASEAN’s Digital Future” is essential to fully unlock the potential of ASEAN Digital Economy by harnessing the transformative power of artificial intelligence (AI) which requires multiple stakeholder’s collaboration including policy makers, private sector and the community towards shaping ASEAN’s Digital Future.
     
    The Meeting welcomed the progress of a joint collaboration between ADGSOM and the ASEAN Foundation to organise the ASEAN Digital Forum 2026 at the 6th ADGMIN in early 2026 in Viet Nam. The meeting also welcomed the progress of the ASEAN Digital Outlook 2026 under ASEAN Foundation’s AI Ready ASEAN initiative, supported by Google.org.
     
    As the ASEAN Digital Masterplan 2025 (ADM2025) approaches its conclusion, the meeting reaffirmed the importance of sustaining the region’s digital transformation momentum through the upcoming ASEAN Digital Masterplan 2030 (ADM2030). ADM2030 will serve as a visionary framework that will set the pace for ASEAN’s digital future over the next 5 years. In this regard, Viet Nam has been entrusted to lead the development of ADM2030 in 2025, targeted for endorsement at the 6th ADGMIN in early 2026.
     
     
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    Photo Credit: Ministry of Post and Telecommunications of Cambodia
    The post ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future appeared first on ASEAN Main Portal.

    MIL OSI Economics

  • MIL-OSI China: China’s VAT data reflects steady economic growth in May

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

    China’s value-added tax (VAT) invoice data released by the State Taxation Administration on Friday indicates that the Chinese economy had remained on a stable footing in May, with strong momentum in manufacturing, innovation and the private sector.

    Manufacturing remained a key economic stabilizer, accounting for 30.1 percent of total corporate sales in May. Sales in equipment manufacturing rose 7.5 percent year on year, with strong performances in the rail, ship, aviation and aerospace equipment, computer and telecom devices, and electrical machinery categories.

    High-tech industries continued to expand last month, with sales up 15 percent year on year. The core digital economy sector grew by 11.2 percent, while corporate spending on digital technologies increased 10.9 percent.

    Notably, sales of industrial and special-purpose robots surged 13.2 percent and 28.3 percent, respectively, underscoring progress in AI-driven manufacturing.

    Private businesses also saw robust growth, with sales rising 0.9 percentage points faster than the national average — accounting for 72.3 percent of total corporate sales.

    Meanwhile, growth in manufacturing and high-tech sectors involving private firms outpaced the overall industry by 1.3 and 0.7 percentage points, respectively, in May. 

    MIL OSI China News

  • MIL-OSI Banking: ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future

    Source: ASEAN

    SIEM REAP, 13 JUNE 2025 – The 2025 ASEAN Digital Senior Officials’ Meeting and ASEAN Telecommunications Regulators’ Council (ADGSOM – ATRC) Joint Working Group and Related Meetings with Dialogue and Development Partners took place on 9-13 June 2025 in Siem Reap, Cambodia.
     
    The 5-day event was chaired by Thailand as the ADGSOM Chair for 2025. The meeting discussed the on-going 2025 ADGSOM and ATRC activities, and deliberated the proposed ADGSOM and ATRC projects for the 2026 Work Cycle for which will be submitted to the 6th ADGSOM for endorsement and the 6th ADGMIN for approval. Additionally, the 15th Sub-Working Group on Spectrum Management (SSM-15) and the 16th ASEAN Network Security Action Council (ANSAC) were held on the sidelines, to discuss ASEAN Member States’ (AMS) collective measures in tackling spectrum and cybersecurity issues, respectively.
     
    Under the theme of Thailand’s ADGMIN Chairmanship in 2025, “Secure, Innovative, Inclusive: Shaping ASEAN’s Digital Future” is essential to fully unlock the potential of ASEAN Digital Economy by harnessing the transformative power of artificial intelligence (AI) which requires multiple stakeholder’s collaboration including policy makers, private sector and the community towards shaping ASEAN’s Digital Future.
     
    The Meeting welcomed the progress of a joint collaboration between ADGSOM and the ASEAN Foundation to organise the ASEAN Digital Forum 2026 at the 6th ADGMIN in early 2026 in Viet Nam. The meeting also welcomed the progress of the ASEAN Digital Outlook 2026 under ASEAN Foundation’s AI Ready ASEAN initiative, supported by Google.org.
     
    As the ASEAN Digital Masterplan 2025 (ADM2025) approaches its conclusion, the meeting reaffirmed the importance of sustaining the region’s digital transformation momentum through the upcoming ASEAN Digital Masterplan 2030 (ADM2030). ADM2030 will serve as a visionary framework that will set the pace for ASEAN’s digital future over the next 5 years. In this regard, Viet Nam has been entrusted to lead the development of ADM2030 in 2025, targeted for endorsement at the 6th ADGMIN in early 2026.
     
     
    ###
     

    Photo Credit: Ministry of Post and Telecommunications of Cambodia
    The post ASEAN digital senior officials calls for collaboration in shaping ASEAN’s Digital Future appeared first on ASEAN Main Portal.

    MIL OSI Global Banks

  • MIL-OSI Economics: Yannis Stournaras: Central banks – opportunities and implications posed by artificial intelligence

    Source: Bank for International Settlements

    Introduction

    Many thanks to the conference organisers for inviting me to be here today. It’s a privilege to be part of this dialogue that is helping to shape the digital era.

    Central banks may seem far removed from your world-but we share an important feature: all of us are engaged in understanding complexity, managing uncertainty, and preparing for the future.

    Today, I would like to discuss how central banks can harness the transformative potential of artificial intelligence (AI) in their mission to safeguard monetary and financial stability. My remarks will unfold along three dimensions, focusing on several important issues, but without being exhaustive.

    • First, on the ways that AI intersects with our monetary policy strategy at the European Central Bank (ECB).
    • Second, on the opportunities AI offers to central banks for efficiency gains in areas such as communication and economic analysis.
    • Third, on the implications posed by AI for price stability, monetary policy transmission and financial stability.

    Intersections of monetary policy strategy with AI

    So, let me briefly discuss the ways that AI intersects with our monetary policy strategy.

    When the ECB Governing Council embarked on its strategy review last year, we made it clear that price stability remains our objective. We also decided to keep the symmetric, 2% inflation target unchanged.

    The clarity which that objective provides, and our success in achieving that objective, have provided the ECB with credibility, which was essential in keeping inflation expectations anchored around the 2 per cent level during the recent inflation surge.

    Although our updated strategy is only expected to be concluded and announced later this year, the following is important.

    When the review was initiated, no one could have possibly foreseen the tectonic eruptions to the geopolitical landscape that ensued.

    These developments have only reinforced the importance of the review and the need to ensure that our policies will remain fit for a rapidly evolving world — a world that is now being shaped by geopolitical tensions, trade disruptions, ongoing climate change, and rapid advances in artificial intelligence.

    In such a world, central banks need to be able to respond with agility, which is undoubtedly a guiding virtue for everyone in this room.

    We have to deliver a strategy that is not only robust but also flexible: one that allows adjustments to the monetary policy stance and our toolkit in response to shocks and provides a foundation that can guide the Governing Council in navigating through challenges in the years to come.

    In today’s fast-moving environment-where inflation dynamics can shift rapidly, financial conditions are increasingly volatile and uncertainty is ever-present-we need to improve our ability to communicate, assess economic developments in real time and make more accurate projections of the outlook to guide our monetary policy making.

    This is where AI begins to play a potentially transformative role. In the following, I will focus on the opportunities provided by AI in core central banking fields, namely communication and economic analysis.

    Opportunity to enhance communication

    I start with communication.

    Central banks have come a long way in their communication strategies. As you may know, it was not always the case that the words “central bank” and “communication” could even stand together in the same sentence.

    In the 1960s and 1970s, the conventional wisdom among central bankers was: “the less said, the better.” The aim was often to surprise markets with the announcement of their policy decisions. Significant policy decisions were sometimes made without immediate public disclosure, and the rationale behind them was not always transparently communicated. The language used would often make the oracles of Delphi seem crystal clear.

    Alan Greenspan once captured this perfectly when he said, “if I seem unduly clear to you, you must have misunderstood what I said.”

    Things began to change in the 1980s and 1990s. Two factors, in particular, helped bring about this change.

    The first factor was credibility. As more and more central banks adopted inflation targeting frameworks, they realized that to achieve their targets, they needed to control inflation expectations. In other words, they needed to be credible.

    The second factor was independence. As central banks achieved independence from politicians, they also had to communicate in a transparent way with the public to help build trust, and safeguard accountability.

    An important corollary of the improved communication is that it has increased the effectiveness of monetary policy transmission.

    The previous ECB strategy review in 2021 consolidated this finding, while also calling for central banks in the euro area to use simpler and engaging language to directly access a broader audience.

    More recently, efforts are being made to exploit AI for the benefit of our communication processes, to enhance transparency, foster trust, and ensure that our monetary policy reaction function is clearly understood, thereby supporting the anchoring of inflation expectations.

    An important application involves the sentiment analysis of official publications, such as monetary policy statements, speeches, and press releases. For example, using Large Language Models (LLMs) the impact of ECB statements on financial markets1 can be explored. This kind of work helps understand how the language in communications shapes market expectations for inflation and interest rates.

    AI models can be trained on financial and policy-specific issues to detect subtle shifts in tone – such as whether a message appears more hawkish (in favour of tighter monetary policy) or dovish (in favour of looser monetary policy) – before publication. This allows communications teams to adjust language in order to ensure it aligns with the intended policy signal, minimising the risk of misinterpretation by the markets that could trigger undue volatility.

    AI can also play a growing role in the crafting and refining of speeches by policy makers. LLMs can support a consistent voice in communication, while also tailoring the tone and content to specific audiences – be it financial market analysts, other expert audiences, or the wider public.

    Moreover, AI supports a wide range of multilingual and accessibility needs. Machine translation models – fine-tuned for economic and legal language – help ensure timely publication of central bank materials across multiple official languages, a feature very useful to the European System of Central Banks which speaks all 24 official languages of the EU.

    Recourse to AI for communication purposes, however, necessitates caution. Over-reliance on AI in crafting and interpreting central bank communications could create an “echo chamber.” This would occur when AI tools respond to, and amplify, each other’s outputs, leading to overly uniform narratives and repetitive signals, that may distort the policymakers’ message. This is a clear case that illustrates the need for human oversight in overviewing processes to ensure that communication stays varied, accurate, and relevant.

    Opportunity to improve central bank economic analysis and decision making

    Another area that AI is poised to enhance is economic analysis. Following the AI revolution, we have started to build expertise in incorporating AI and non-traditional data in our analytical tools. These tools are rapidly being applied in the economic analyses that inform our monetary policy decisions.

    A question however arises: Is the use of AI in this context a hype? Or could it mark a methodological revolution that will help us better pursue our mandate? I believe that there are unique opportunities but also several challenges.

    First, central banks rely heavily on economic data to make informed decisions on monetary policy. Traditional statistical methods may not be sufficient to apprehend the complexity of the current uncertain environment. The use of LLMs can deliver enhanced data processing and analysis of unstructured data sets of textual data (like news articles or social media). This enables us to access new and non-traditional data sources, that could provide useful insights into our policies.

    Furthermore, machine learning (ML) models can quickly detect patterns, trends, and potential risks that might not be visible using traditional methods. Thus, we could identify structural breaks and patterns that would otherwise be difficult to detect.

    These tools can also help identify non-linear relationships. This is particularly important in a complex environment, since capturing non-linearities in the data is essential to understanding how the economy will evolve under stress and how seemingly small disturbances could lead to large-scale economic disruptions.

    In addition, by processing real-time data, AI can provide timely insights and rigorous analysis, allowing central banks more flexibility in decision making. This is valuable in a world prone to shocks and in times of pervasive uncertainty.

    There is also a possibility that these tools will be useful in the prediction of turning points in the business cycle and of tail events, such as fiscal crises.

    Finally, AI could improve forecasting and nowcasting inflation and economic activity. The Eurosystem already uses AI to improve its forecasting processes. For example, ML techniques are applied in inflation forecasting2 or in nowcasting global trade3. Moreover, short-term forecasts of economic activity are informed by sentiment indicators derived from the textual analysis of news, using LLMs4. Research5 at the Bank of Greece has produced forecasting models of inflation based on textual indicators of supply and demand disturbances in commodity markets. With the help of AI tools, these indicators can be updated on a daily basis and thus help predict inflation more accurately. This research has found that out-of-sample inflation forecast errors are reduced by up to 30 per cent.

    Still, there are several challenges.

    First, AI models are often complex and opaque, lacking transparency. Being like a “black box”, they are – at least for the time being – difficult to reconcile with the principles of transparency and accountability of central banks.

    Second, AI models (usually LLMs) could occasionally provide inaccurate or misleading information, raising practical, reputational and legal concerns. Therefore, human supervision is of the essence, especially in processes that require rational reasoning.

    Third, the quality of non-traditional data is often poor and the process of reconciling these data with our existing data sources is demanding. In a similar vein, the use of AI should not create an over-reliance on machine-driven outcomes.

    Overall, I believe that AI is a potent technology which has already brought about tectonic shifts in economic analysis. Its potential is still unfolding, and the benefits it offers are only beginning to be realised. The cutting-edge research promoted at this conference marks a point of methodological revolution. I believe that such research will fundamentally transform the way we understand economic dynamics and will ultimately enable us to make better-informed decisions.

    While AI opens unique opportunities for central banks in the pursuit of their mandate, it also brings a number of emerging implications that we must carefully consider. I’d like to share what I see as some of the most significant.

    Implications on productivity, employment, inflation

    Let me start with the effects on the macroeconomic outlook.

    AI has strong potential to raise productivity, both through its direct impact on total factor productivity, but also through improvements of efficiency on individual firm level. However, the aggregate effects remain uncertain and vary widely across studies6.

    One reason is that a disproportionate share of the benefits generated by AI may be concentrated in a small number of highly advanced firms, particularly large technology companies with the resources and infrastructure to develop and deploy cutting-edge AI tools.

    This concentration poses a risk: while AI can deliver substantial productivity benefits at the enterprise level, these gains may not necessarily translate into broad-based growth in aggregate productivity, unless mechanisms are in place to ensure that the diffusion of AI is wide across sectors, firms and countries.

    In a similar vein, the potential impact of AI on employment is difficult to estimate. On the one hand, it can automate routine, lower-skilled tasks – potentially displacing workers. On the other hand, AI can create new opportunities by increasing labour demand for non-automated tasks, as well as giving rise to new types of jobs. To maximise the favourable effects of AI on employment and to mitigate risks such as labour market inequality, reskilling the workforce with AI-complementary skills will be essential.

    Turning to prices, the impact of AI on inflation could go in both directions. Increased global demand for energy – driven by the computational intensity of AI technologies – could raise energy prices. According to the IMF7, electricity used by data centres alone, is already as much as that of Germany or France, and by 2030 would be comparable to that of India which is the world’s third largest electricity user. At the same time, AI can also contribute to more efficient energy use and improved grid management, potentially lowering costs.

    Moreover, AI-induced productivity improvements might help offset labour shortages, especially in times of low unemployment and ageing population. This could lead to a decline in unit labour costs, exerting thus downward price pressures. However, the overall impact of AI on employment and wage growth is difficult to predict.

    Expectations also play a central role in the price formation process. If consumers fully anticipate future benefits from AI (such as better products, lower costs, or higher wages), they may bring forward consumption in the short term, creating inflationary pressures. However, if expectations are only regressively formed, disinflationary forces may dominate in the near term due to delayed consumption and investment.

    Implications for monetary policy transmission

    The transmission of monetary policy to the economy, and thus monetary policy making are significantly impacted by AI.

    As I already noted, AI is expected to bring about distributional shifts in income and wealth. These shifts matter for monetary policy, since they influence households’ marginal propensity to consume and their access to credit.

    Should AI disproportionally raise the income share of lower-income households – with a higher marginal propensity to consume and greater credit constraints – the transmission of monetary policy could be strengthened. In contrast, if the gains accrue mainly to higher-income, more skilled households – who have lower marginal propensity to consume and are less responsive to interest rate changes — then monetary policy transmission may weaken.

    AI is also affecting how firms set prices. Companies that are more digitalised and employ algorithmic pricing tools can adjust prices more frequently and with greater precision in response to economic shocks. Higher price flexibility could induce – all else equal, a more efficient real economy.

    At the same time, ML tools enable firms to personalise prices and introduce heterogeneity, which is likely to weaken the link between monetary policy measures and prices, although AI could provide tools that enhance price transparency and improve consumers’ ability to compare prices. There is also the risk that algorithmic pricing could lead to tacit collusion among firms and greater market power, undermining the effectiveness of monetary policy in controlling inflation.

    Finally, AI may influence wage-setting dynamics. If the presence of automation erodes workers’ bargaining power, wage responsiveness to changes in unemployment could be reduced. This would weaken the sensitivity of inflation to shifts in monetary policy and complicate central banks’ ability to steer inflation effectively.

    Implications for financial stability

    Turning now to financial stability, the implications of AI technologies are complex and multifaceted.

    On the one hand, AI offers powerful tools to enhance financial institutions’ capabilities in risk assessment, liquidity management and strategic decision making. On the other hand, AI can exacerbate existing vulnerabilities and create new ones.

    For example, generative AI could be deliberately misused – such as through the creation of deepfakes or fabricated statements – potentially aimed at manipulating sentiment or triggering market stress.

    There is also the risk of herding behavior. As more institutions adopt similar AI models, the likelihood of systemic stress increases. What may initially appear as isolated, micro-level risk could rapidly escalate via AI and pose serious threats to financial stability.

    If financial institutions, market participants or the public at large base their key decisions on such inputs, without adequate human verification, we may witness situations of disorderly market volatility. Overreliance to a limited number of AI providers could further raise operational risks and adversely affect the resilience of the financial sector.

    Therefore, it is critical that these tools are deployed with caution. Sound governance, robust regulatory oversight, and adequate safeguards will be essential to ensuring that AI acts as a tool for strength, rather than a source of systemic risk.

    Conclusion

    To conclude, the core task of central banks remains safeguarding price and financial stability, and AI poses unprecedented opportunities but also considerable challenges.

    From enhancing communication and improving economic analysis, to reshaping the channels through which monetary policy and the financial system operate, AI is already redefining the way we pursue our tasks.

    As I have outlined today, AI can make central banks more agile, more transparent, and more effective. But its use also demands flexibility – not only in the tools we use, but in the way we think, plan and make decisions. In a world of growing complexity and rapid technological change, we must ensure that innovation goes hand in hand with responsibility, transparency, and trust.

    This calls for thoughtful integration, not blind adoption. As we integrate AI into our policymaking, we must ensure that human judgment and critical thinking remain central to our decisions. AI should serve as a tool to enhance – not replace – our responsibility to make sound, efficient policy choices in the interest of our citizens.

    The euro area faces a dual challenge: harnessing the opportunities that artificial intelligence presents while actively addressing its broader implications.

    To rise to this challenge, it is vital that we craft a comprehensive European AI strategy. To improve the environment for AI innovation and diffusion of new technologies, our strategy has to rest on three pillars: funding, regulation and energy.

    Developing and scaling AI requires substantial investment, particularly in digital infrastructure. There is broad consensus on the importance of building a savings and investment union to jump-start European projects on innovation, including AI.

    Complementary efforts to equip people with the skills they need to thrive in an AI-driven economy and to mitigate the risk of widening inequality are also of high importance.

    In addition, regulatory burdens and weak institutional quality can significantly hold back the expansion of high-tech sectors. That’s why we need simple but efficient regulation, while ensuring protection of personal data and strong institutions to defend AI-generated innovation.

    Energy, too, is a critical piece of the puzzle. AI diffusion across the economy will place greater demands on Europe’s energy infrastructure. Addressing supply constraints now is essential to ensuring that AI adoption is sustainable in the long run.

    All these considerations need to be taken into account when assessing challenges and opportunities arising from this very innovative technology. The successful adoption of AI requires a flexible adjustment in a constantly evolving environment. Therefore, we need to commence our journey on that potentially wonderful vessel with urgency but also with careful consideration, towards a new shore.

    I am confident that the insights shared at this conference, and the research being pursued by many of you in this room, will be instrumental in guiding us forward.

    Thank you.

    MIL OSI Economics

  • Air India flight makes emergency landing in Thailand after bomb threat

    Source: Government of India

    Source: Government of India (4)

    An Air India flight from Phuket in Thailand to India’s capital New Delhi received an onboard bomb threat on Friday and made an emergency landing on the island, airport authorities said.

    All 156 passengers on flight AI 379 had been escorted from the plane, in line with emergency plans, an Airports of Thailand official said.

    The aircraft took off from Phuket airport bound for the Indian capital at 9.30 a.m. (0230 GMT) on Friday, but made a wide loop around the Andaman Sea and landed back on the southern Thai island, according to flight tracker Flightradar24.

    The incident follows the crash of an Air India flight in Ahmedabad on Thursday shortly after takeoff.

    AOT did not provide details on the bomb threat. Air India did not immediately respond to a request for comment.

    Indian airlines and airports were inundated with hoax bomb threats last year, with nearly 1,000 hoax calls and messages received in the first 10 months, nearly 10 times that of 2023.

    (Reuters)