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Category: Asia

  • MIL-OSI Europe: ASIA/PAKISTAN – Cardinal Coutts: “We are brothers and sisters, we are children of one Mother”

    Source: Agenzia Fides – MIL OSI

    Paolo Affatato – Agenzia Fides

    Rome (Agenzia Fides) – “In a time of tension, we can only call for prayer for peace between India and Pakistan. We must rediscover our roots: we are brothers and sisters because we are children of one Mother, as Mahatma Gandhi used to say,” said Pakistani Cardinal Joseph Coutts, Archbishop Emeritus of Karachi, who participated in the conclave and the Mass celebrating the beginning of the pontificate of Pope Leo XIV, in an interview with Fides. “Today, we feel the urgency to do something for authentic peace,” the Cardinal continued. “We as citizens and as religious communities in India and Pakistan can and will promote a culture of peace to defuse hatred, disarm hearts, and educate people to forgiveness. Our political leaders should therefore do something concrete in the form of an agreement, because the Kashmir conflict is a political issue, with the governments of the two nations continuing to accuse each other.”Historically, Cardinal Coutts noted, the problem dates back to the time of independence from the British Empire: “Muslims in Kashmir did not want to be part of India. At that time, it was said that citizens had a choice: if they were Muslim, they belonged to Pakistan; if they were Hindu, they belonged to India. However, this was not the case for Kashmir, because the kingdom’s Hindu Raja chose India, even though this went against the wishes of the people and the general situation. This is where the conflict arose.” “Back then,” the Cardinal said, “we were truly brothers and sisters, a people fighting together for liberation from the colonial yoke. This fraternity must be rediscovered today and is the path to building a just and lasting peace for the future. We must return to the words of Mahatma Gandhi, who said: For two thousand years we have lived together as one people, we are all children of one mother, Mother India. But today Gandhi is forgotten and not even taught in schools,” he notes with a certain bitterness.”Political nationalism,” Cardinal Coutts continued, “has complicated the situation over the years; clashes and wars have fueled tensions between peoples with the same history and culture. This makes us realize the senselessness of this war. Back then, the goal was to create two nations that would grant equal rights to all citizens and live in peace. The leaders of the independence process, Mohammad Ali Jinnah, Mohandas Gandhi, and Jawaharlal Nehru, envisioned two sister nations. Let us return to that desire. Today, we are called to live together as good neighbors.”Cardinal Coutts recalls his episcopal motto, “Harmony”: “I would like to apply it both to relations within Pakistan, as the fruit of interreligious and intercultural dialogue and the cultivation of benevolent relations between the various communities, and to relations with the outside world, especially with India: Our desire is that we can build bridges, reach out to one another, and reconcile ourselves to live in harmony,” he concludes. (PA) (Agenzia Fides, 20/5/2025)
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    MIL OSI Europe News –

    May 21, 2025
  • PM Modi addresses 78th World Health Assembly, highlights India’s global health vision

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday addressed the 78th Session of the World Health Assembly (WHA) in Geneva via videoconferencing, reaffirming India’s commitment to a more inclusive, collaborative, and integrated approach to global health. Extending warm greetings to the delegates, he highlighted how the theme of this year’s assembly — “One World for Health” — echoes India’s own vision of “One Earth, One Health”.

    In his address, the Prime Minister emphasized that the foundation of a healthy world lies in inclusion, an integrated vision, and global cooperation. “The health of the world depends on how well we care for the most vulnerable,” he said, noting that the Global South continues to bear a disproportionate share of global health challenges.

    India’s Inclusive Health Model

    Highlighting India’s transformative health reforms, PM Modi underlined the role of Ayushman Bharat, the world’s largest health insurance scheme, which now covers over 580 million people and has been expanded to include all citizens above 70 years of age. He also drew attention to India’s extensive network of Health and Wellness Centres, which facilitate early screening for diseases such as cancer, diabetes, and hypertension.

    The PM spoke about Jan Aushadhi Kendras, public pharmacies providing affordable, high-quality medicines, and stressed how India’s digital platforms are revolutionizing healthcare delivery. Notable initiatives include systems that track the vaccination of pregnant women and children, and Digital Health IDs that integrate patient records, insurance, and benefits. India’s telemedicine services, which have enabled more than 340 million consultations, ensure that “no one is too far from a doctor,” he remarked.

    Leadership and Solidarity with the Global South

    Underscoring India’s solidarity with the Global South, the Prime Minister stated that India’s healthcare models are not only effective but scalable, replicable, and sustainable. “India is happy to share its best practices and learnings with the world, particularly with countries of the Global South,” he said.

    Promoting Wellness through Yoga

    Looking ahead, PM Modi invited the world to join the celebration of the 11th International Day of Yoga in June. The theme for this year, “Yoga for One Earth, One Health,” reflects a holistic view of planetary and personal well-being. The Prime Minister encouraged all nations to embrace yoga as a unifying force for global health.

    Support for WHO Pandemic Treaty

    The PM also congratulated the World Health Organization (WHO) and its member states on the successful negotiations of the INB Treaty, calling it a milestone in preparing for future pandemics through strengthened global cooperation. He reiterated the importance of a collective commitment to building a healthier, more resilient world.

    May 21, 2025
  • PM Modi chairs key meeting to review, boost tourism sector

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday chaired an important meeting in the national capital to review and improve India’s tourism sector.

    This comes following the terror attack in Pahalgam in Jammu and Kashmir on April 22, which instilled fear among tourists.

    The central government is pushing for boosting tourism in the valley.

    The government is now working to bring back tourists to the region and encourage travel. The meeting focused on checking current plans and finding new ways to promote tourism across the country.

    Previously, on May 15, Jammu and Kashmir Chief Minister Omar Abdullah had chaired a meeting on May 15 with the Hoteliers Association at the Civil Secretariat.

    He held the meeting to discuss their concerns after the April 22 Pahalgam terror attack. Chief Minister Abdullah assured the various stakeholders present at the meeting that the government is fully committed to supporting the sector and will carefully consider their valuable suggestions.

    –ANI 

    May 21, 2025
  • MIL-OSI Asia-Pac: 9 tourist hotspots unveiled

    Source: Hong Kong Information Services

    Deputy Chief Secretary Cheuk Wing-hing announced today that nine projects will be implemented by the Working Group on Developing Tourist Hotspots with the aim of bringing economic benefits, boosting consumption sentiment and stimulating the economy.

     

    Mr Cheuk explained at a press conference this afternoon that new travel patterns and tourists’ preferences increasingly value hotspots with unique features that are part of the flavour of Hong Kong.

     

    He pointed out that as there are many treasured tourist attractions in Hong Kong, the Government considers that in addition to creating new hotspots, current tourism resources should be consolidated and enriched to maximise the value of such hotspots and create attractions that tourists cannot miss.

     

    Hong Kong Industrial Brand Tourism is one of the projects to be implemented. Given that Hong Kong’s industrial story fully embodies the spirit of the Lion Rock, the tourism industry is forming groups to develop “Made in Hong Kong” industrial tourism, creating hotspots for visitors to tour, experience and shop.

     

    Industrial brands that can be visited include Lee Kum Kee, Kee Wah, Pat Chun and Yakult. A trial launch is expected in the third quarter.

     

    Meanwhile, a Victoria Park Bazaar will be implemented in the fourth quarter. Some 30 stalls with themed activities will be set up at Victoria Park on Saturdays, Sundays and public holidays.

     

    Another project calls for creating a Pink Trumpet Tree Garden, with pink trumpet trees and bougainvillea extensively planted near the habourfront of Tamar Park to create a colourful viewing area that brings synergy with the Central harbourfront. The planting work is expected to be completed by the end of this year.

     

    The working group has also selected two featured communities for in-depth tourism, one in Central and the other in Kowloon City.

     

    In view of the fact that Hong Kong’s disciplinary services enjoy international acclaim among tourists from the Mainland and overseas, disciplinary services pioneer tours will be launched in the second quarter.

     

    The Police Museum, the Correctional Services Museum and the Fire & Ambulance Services Education Centre & Museum will, in collaboration with the tourism sector, develop and launch tourism products.

     

    Moreover, the former Yau Ma Tei Police Station will be partially opened to tourists who can see for themselves the layout and atmosphere of an old police station, which has served as a famous setting for police movies and dramas.

     

    By the fourth quarter, the ground floor will be opened to the public, featuring a replica report room, cellblocks, additional photo booths employing augmented reality technology and more.

     

    The projects selected also cover green tourism – “Four Peaks” Tourism. The four peaks for development include the Peak, Lantau Peak, Sai Kung Hoi and Tai Mo Shan. Considering the popularity of hiking trails, touring across the four selected peaks will be characterised by their unique scenery, easy and short routes, convenient transportation and comfort for travellers.

     

    The remaining project involves revistalising the former Hung Hom Railway Freight Yard Pier. The yard will be developed into a character-filled space for organising different activities so that the public can take pictures and appreciate the panoramic views of Victoria Harbour and Hong Kong Island. The target opening date will be the first quarter of next year.

     

    Mr Cheuk said that these particular hotspots span across the city, underlining the concept of “tourism is everywhere in Hong Kong”.

     

    The Government will engage the trade proactively, making good use of various resources for marketing and promotions, creating innovative travelling routes and new products for tourist groups.

     

    The Deputy Chief Secretary emphasised that he firmly believes Hong Kong’s tourism industry will attain a new level of prosperity.

    MIL OSI Asia Pacific News –

    May 21, 2025
  • MIL-OSI: Ambiq and CardioMedive Deliver Unified Medical Cardiac Care Solution

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 20, 2025 (GLOBE NEWSWIRE) — Ambiq®, a technology leader in ultra-low-power solutions for edge AI, announced a strategic partnership with CardioMedive, an award-winning health technology innovator, to revolutionize cardiovascular care with the Medive – an advanced modular health monitoring platform powered by the Apollo510.

    Breakthrough Technical Innovations

    • Ultra-low power Apollo510 MCU employs the Subthreshold Power Optimized Technology (SPOT®) platform to deliver unparalleled energy efficiency for high-performance edge AI
    • Modular plug-and-play scalable architecture tailored to patient needs, no more managing separate devices. It integrates clinical-grade 1 lead multi-parameter patch, 3/5/12-lead ECGs, blood pressure, SpO2, temperature, respiration, digital stethoscope, and comprehensive remote examination capabilities
    • Multi-week battery life ensures continuous health data capture in a lightweight, unobtrusive design
    • Dual SDIO interfaces handle high-throughput Wi-Fi and eMMC storage simultaneously, enabling seamless connectivity without performance comprises

    Transforming Healthcare Access Through Edge AI
    The Medive uses AI-driven analytics to deliver hospital-grade cardiovascular insights in diverse settings, from clinics to patients’ homes. By leveraging the Apollo510’s powerful edge computing capabilities for on-device inferencing, Medive enables immediate anomaly detection, real-time patient alerts, and predictive insights, drastically reducing the latency issues associated with cloud-based communications. The Apollo510 dual SDIO architecture enables Medive to run high-throughput Wi-Fi and eMMC Storage simultaneously, delivering fast performance and seamless connectivity with zero trade-offs. The Medive was selected as the “Medical Innovation of the Year” winner by the Romanian Healthcare Awards for advancing remote cardiovascular patient monitoring.

    “CardioMedive is transforming all phases of the patient’s journey for both in-home and hospital care,” says Fumihide Esaka, CEO of Ambiq. “We are proud to power such an important digital health innovation that makes effective prevention, diagnosis, and disease management more accessible using our ultra-low power solutions.”

    Ion Mocanu, CEO & Co-founder of CardioMedive, added, “Our partnership with Ambiq has been instrumental in creating a truly groundbreaking platform that addresses critical healthcare challenges. The Apollo510’s exceptional processing power, peripherals and energy efficiency have enabled us to design a solution that not only meets today’s needs but is future proofed for tomorrow’s healthcare innovations.”

    Comprehensive Health Monitoring
    Patients using Medive can monitor a wide range of vital health metrics, including ECG, blood pressure, and SpO₂, while also conducting specialized examinations using modules for stethoscope exams, spirometry, otoscopy, thermal imaging for diabetes-related complications, breast cancer screening, and more.

    Availability
    CardioMedive is on track for commercial launch in Q3 2026, beginning in Europe and the U.K., with phased expansion to the U.S., Canada, and Asia-Pacific markets in 2027. Learn more about the Medive here.

    About Ambiq

    Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 270 million devices today. For more information, visit www.ambiq.com.

    About CardioMedive

    CardioMedive is a health technology company redefining how cardiovascular care is delivered — through a modular, AI-enabled monitoring platform that adapts to patients’ needs at home, in clinics, or anywhere in between. Combining medical-grade accuracy with user-friendly design, CardioMedive empowers providers, patients, and digital health platforms to detect, manage, and respond to heart health anomalies. Visit www.cardiomedive.eu to learn more or inquire about global partnerships.

    Contact
    Charlene Wan 
    VP of Marketing, and Investor Relations 
    cwan@ambiq.com 
    +1.512.879.2850

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/795afc79-ce72-41fc-8b22-537b49141328

    The MIL Network –

    May 21, 2025
  • MIL-OSI: Magnite and Amazon Publisher Services (APS) Collaborate to Enable New Streaming TV Opportunities via APS Transparent Ad Marketplace (TAM)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 20, 2025 (GLOBE NEWSWIRE) — Amazon Publisher Services (APS) and Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, have announced a deeper streaming TV collaboration through APS’ Transparent Ad Marketplace (TAM) and Magnite’s SpringServe. The collaboration makes it easier for publishers to access high-quality and incremental demand from Magnite on Amazon devices, and gives Magnite incremental access to streaming TV inventory via APS on Fire TV devices.

    This collaboration builds on Amazon Ads and Magnite’s existing integrations. In 2016, Magnite was a launch partner of the Transparent Ad Marketplace, helping drive demand opportunities for APS publishers, and in 2024 the company was one of the first to join Amazon Ads’ Certified Supply Exchange Program.

    “As a customer and collaborator of both APS and Magnite, we have long wanted to find a way to unify our demand stack with both of these providers. This new opportunity allows us to centralize reporting and garner access to unique, direct demand,” said Rose McGovern, Head of Programmatic & Digital Ad Sales at DIRECTV Advertising.

    “We’re pleased to broaden our work with Amazon Ads to make more streaming content on Fire TV devices available to buyers through Magnite,” said Sean Buckley, President, Revenue at Magnite. “By developing the custom integration, we’re able to more comprehensively connect advertisers to premium streaming inventory across Fire TV devices.”

    “Expanding our work with Magnite was the natural evolution in our dedication to bring incremental demand to publishers through interoperable solutions,” said Scott Siegler, Director of Amazon Publisher Services. “Our shared goal is to maximize streaming TV advertising effectiveness that ultimately improves consumers’ ad experiences.”

    To learn more about activating Magnite demand through APS, visit amazon.com/aps.

    About Magnite
    We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

    The MIL Network –

    May 21, 2025
  • MIL-OSI China: Philippines should stop risky infringements and provocations: Defense Spokesperson 2025-05-15 “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

    Source: People’s Republic of China – Ministry of National Defense 2

      BEIJING, May 15 — “We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing,” said a Chinese defense spokesperson on Thursday.

      It is reported that recently the Philippines has frequently sent its frigates in an attempt to intrude into the territorial waters of China’s Huangyan Dao, and claimed that the Chinese military vessels took high-risk maneuvers.

      When being asked to share comment, Senior Colonel Jiang Bin, spokesperson for China’s Ministry of National Defense, stressed that Huangyan Dao is China’s inherent territory. 

      According to the spokesperson, in recent days, the Philippine military vessels attempted to intrude into the territorial waters of China’s Huangyan Dao. “The Chinese side took necessary measures to stop and dispel them, which was completely legitimate, legal, professional and restrained,” said the spokesperson, adding that the Philippine side’s actions were highly irresponsible and severely threatened China’s sovereignty and security by approaching Chinese vessels in a dangerous manner. 

    loading…

    MIL OSI China News –

    May 21, 2025
  • MIL-OSI China: Regular Press Briefing of the Ministry of National Defense on May 15th, 2025 2025-05-20 On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    Source: People’s Republic of China – Ministry of National Defense 2

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND) and Spokesperson for the MND, answered recent media queries concerning the military.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    (The following English text is for reference. In case of any divergence of interpretation, the Chinese text shall prevail.)

    Jiang Bin: Friends from the media, good afternoon. I’m Jiang Bin, Deputy Director-General of the Information Office of the Ministry of National Defense (MND) and the new Spokesperson for the MND. It is a great honor to meet you all in this new role. I will do my utmost to carry forward the baton passed on by my predecessors, release timely updates on national defense and military development, and tell the stories of the Chinese military in the new era. I will communicate with you sincerely, respond to your concerns earnestly, and work with you in the spirit of mutual understanding and support, to show the world a true, multidimensional and comprehensive picture of the Chinese military. Thank you!

    First, I would like to announce one piece of news.

    The 2nd Meeting of China-Brunei Joint Defence Working Committee (JDWC) was convened in Beijing on May 14. Both sides had in-depth exchange of views on friendly cooperation between the two militaries and relevant international and regional issues, and agreed to strengthen communication and coordination on policy and planning between their international military cooperation organs, promote exchanges and cooperation in various fields, and jointly maintain regional peace and tranquility.

    Journalist: Recently, President Xi Jinpingpaid a state visit to Russia and attended the celebrations marking the 80th anniversary of the Victory in the Great Patriotic War of the Soviet Union, during which a contingent of the PLA Guard of Honor participated in the military parade. How will the Chinese side promote military-to-military relations with Russia?

    Jiang Bin: This year marks the 80th year of the victory of the Chinese People’s War of Resistance Against Japanese Aggression, the Soviet Union’s Great Patriotic War and the World Anti-Fascist War. On this special historical occasion, President Xi Jinping paid a state visit to Russia upon invitation, and attended the celebrations marking the 80th anniversary of the Victory in the Great Patriotic War of the Soviet Union. President Xi Jinping held talks with President Putin, and had in-depth exchange of views on China-Russia relations and major international and regional issues. They agreed to unswervingly deepen strategic coordination, and promote the stable, sound and high-level development of China-Russia relationship. During the visit, a contingent of the PLA Guard of Honor participated in the Red Square Military Parade, which was widely publicized and warmly welcomed.

    In recent years, China-Russia military-to-military relationship has been operating at a high level. We’ve had frequent high-level exchanges, conducted joint strategic air patrols and joint maritime exercises, and rendered support to each other in holding important commemorative celebrations. Under the strategic guidance of the two heads of state, the Chinese military stands ready to work with the Russian side to further deepen strategic mutual trust, step up strategic communication, and expand practical cooperation, so as to strengthen the sound momentum of military-to-military relations, enrich the content of China-Russia comprehensive strategic partnership of coordination for a new era, and contribute to maintaining and strengthening global strategic stability.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    Journalist: It is reported that China and Singapore are holding China-Singapore Exercise Cooperation-2025 joint maritime exercise. Please further brief us on the exercise.

    Jiang Bin: China-Singapore Exercise Cooperation-2025 joint maritime exercise is being held in Changi Naval Base and in the waters and airspace to the east of Singapore from May 9 to 16. The guided-missile frigate PLANS Xuchang and the mine countermeasure vessel PLANS Chishui, together with the RSS (Republic of Singapore Ship) Steadfast-class frigate and the RSS Bedok-class mine countermeasure vessel, participated in the exercise. With joint command and planning, the two sides conducted live exercises on naval gunfire against sea targets, replenishment-at-sea, joint search and rescue and other subjects. The exercise tested tactical command coordination and joint operations capability of the participating forces. During the exercise, the troops also had professional seminars, on-board visits and cultural and sports activities. It is the 4th edition of this series of exercise, which is significant for further promoting practical cooperation and strengthening joint maritime operations capability between the two sides.

    Journalist: It is reported that recently the Philippines has frequently sent patrol vessels in an attempt to intrude into the territorial sea of China’s Huangyan Dao, and claimed that the Chinese military vessels took high-risk maneuvers. What’s your comment?

    Jiang Bin: Huangyan Dao is China’s inherent territory. In recent days, the Philippine military vessels attempted to intrude into the territorial sea of China’s Huangyan Dao. The Chinese side took necessary measures to stop and dispel them, which was completely legitimate, legal, professional and restrained. The Philippine side’s actions were highly irresponsible, and severely threatened China’s sovereignty and security by approaching Chinese vessels in a dangerous manner. We urge the Philippine side to stop any risky infringements and provocations, and refrain from challenging China’s firm resolve in safeguarding territorial sovereignty and maritime rights and interests. Otherwise, it will only taste the bitter fruit of its own doing.

    On the afternoon of May 15, 2025, Senior Colonel Jiang Bin, Deputy Director-General of the Information Office of China’s Ministry of National Defense (MND)andSpokesperson for the MND, answers recent media queries concerning the military. (Photo by He Youwen)

    Journalist: According to reports, the Democratic Progressive Party (DPP) authorities recently held their first-ever event commemorating Victory in Europe (V-E) Day of WWII at the Taipei Guest House, which once served as the Governor-General’s residence during Japan’s colonial rule. During the event, Lai Ching-te made the unfounded claim that Taiwan and Europe are now facing threats from a so-called “new authoritarian bloc.” What’s your comment on this?

    Jiang Bin: Lai Ching-te has been engaging in authoritarian practices, intensifying the “green terror” on the island, provoking cross-Strait antagonism and confrontation, and heightening tensions and instability in the Taiwan Strait. He is a true “saboteur of cross-Strait peace” and  “creator of the Taiwan Strait crisis.” In a shameless attempt to seize the spotlight and assert his presence, Lai Ching-te stood on the ground once trampled by Japanese invaders and brazenly peddled deceptive rhetoric. By distorting the history of WWII and inserting separatist narratives, he has betrayed the Chinese nation, which is a disgraceful act beneath contempt.

    This year marks the 80th anniversary of the victory of the Chinese People’s War of Resistance against Japanese Aggression and the World Anti-Fascist War, as well as the recovery of Taiwan to China. Taiwan’s return to China is an important part of the victory of WWII and the post-war international order. A number of international legal instruments including the Cairo Declaration and the Potsdam Proclamation have affirmed China’s sovereignty over Taiwan in clear-cut terms. This is an indisputable fact supported by history and the law. The historical trend that China will and must achieve reunification is unstoppable. Any words or deeds that forget the ancestry or solicit external support for “Taiwan independence” is surely disdained by the people and condemned by history.

    MIL OSI China News –

    May 21, 2025
  • From Muridke to Bahawalpur: The revolving-door terror networks of Pakistan

    Source: Government of India

    Source: Government of India (4)

    Operation Sindoor, launched by India on the night of 6–7 May to punish the terror masterminds and operatives based in Pakistan who were responsible for the Pahalgam terror incident, significantly destroyed the Lashkar-e-Taiba headquarters in Muridke and the Jaish-e-Muhammad headquarters at Bahawalpur in Pakistan’s Punjab province.

    In the heinous terror incident of 22 April in Pahalgam, a group of terrorists, including two Pakistanis, killed 26 civilians. The strike drew widespread condemnation around the world.

    In a swift surgical strike, carried out with precision bombing, nine major terror camps—including those at Muridke and Bahawalpur, were hit hard, inflicting grave damage on Pakistan’s terror infrastructure. Acting on intelligence inputs to avoid collateral damage, the planners selected targets away from civilian areas.

    Although the operation focused only on terror facilities and not Pakistani military installations, Pakistan’s long record of using terrorism as state policy, and of nurturing such groups, casts a shadow of dubious diplomacy. In effect, external terrorism remains an inseparable political tool in Pakistan’s geopolitical strategy.

    Sanctions, Leadership, and the Survival Playbook of Pakistan-Based Terrorist Groups

    Three Pakistan-rooted terrorist organisations dominate violence directed at India, particularly Jammu & Kashmir: Lashkar-e-Taiba (LeT), Jaish-e-Mohammed (JeM) and Hizbul Mujahideen (HM). These organisations are outlawed in India and, and in many other countries across the world, including global organisations like the United Nations. They are designated Foreign Terrorist Organisations (FTOs) by the United States, and both LeT and JeM are proscribed even in Pakistan. Their leaders are blacklisted and their bank accounts and assets frozen.

    Yet they endure. Their secret lies in a nimble ability to shed one skin and grow another: when a parent body is proscribed, a “charity”, “relief trust” or freshly minted political outfit swiftly takes its place.

    The pattern is starkest in the case of Sajid Mir, the Lashkar commander who masterminded the 2008 Mumbai attacks. For years, Islamabad insisted he was either dead or untraceable; only when the Financial Action Task Force (FATF) threatened economic pain did the authorities quietly arrest and convict him, on the safer charge of terror financing rather than mass murder. His story captures both the power, and the limits, of external pressure on Pakistan’s counter-terrorism calculus.

    A quick glance at the ban record

    Organisation

    Proscribed in Pakistan

    UN designation

    US FTO designation

    Lashkar-e-Taiba

    Jan 2002

    2 May 2005

    26 Dec 2001

    Jaish-e-Mohammed

    Jan 2002

    17 Oct 2001

    26 Dec 2001

    Hizbul Mujahideen

    ———

    ——-

    16 Aug 2017

    FTO – Foreign Terrorist Organisation

    Lashkar-e-Taiba

    Founded in the late 1980s by Hafiz Muhammad Saeed, LeT styled itself the “Army of the Pure”, determined to wrest Kashmir, and ultimately the whole of India, for Pakistan, and establish a Muslim caliphate across the sub-continent. Its signature atrocities include the 2001 attack on India’s Parliament, the 2006 Mumbai train bombings, and, most infamously, the three-day siege of Mumbai in November 2008 that left 166 people dead.

    Pakistan banned LeT in January 2002, but the movement simply morphed into Jamaat-ud-Dawa (JuD), already registered as a charity. When JuD itself came under pressure, fund-raising flowed through the Falah-e-Insaniat Foundation (FIF), Idara Khidmat-e-Khalq, Al-Anfal Trust, and a growing list of anodyne-sounding fronts. Newer offshoots, such as The Resistance Front (TRF), dispense with overt religious branding altogether, making them harder to flag under existing sanctions.

    Saeed’s own journey mirrors that agility. Detained, placed under house arrest, and released several times, he was finally handed a 78-year jail term in 2020, largely under FATF pressure. A US$10 million American reward for information leading to his conviction still stands, but few believe he will ever face trial for the Mumbai carnage.

    Jaish-e-Mohammed

    JeM sprang to life in early 2000 when Masood Azhar called for jihad in Kashmir. Within two years Islamabad had proscribed JeM, yet the group enjoyed a rebirth as Khuddam-ul-Islam and, when that alias fell, as the “charitable” Al-Rehmat Trust.

    Azhar’s personal freedom tells its own tale. Detained and under house arrest between December 2001 and December 2002, with Pakistan failing to charge him for the 2001 Parliament attack, he was reportedly confined again after the 2008 Mumbai attacks, only to “vanish” from public view. In 2019 China finally lifted its veto against listing him at the United Nations, but no Pakistani court has yet secured a conviction.

    Hizbul Mujahideen

    HM’s current chief, Syed Salahuddin, continues to broadcast from Muzaffarabad, calling for Kashmiri accession to Pakistan. The United States declared him a Specially Designated Global Terrorist (SDGT) in 2017 and, weeks later, branded HM itself an FTO. Islamabad’s stance remains ambiguous: a 2003 promise to ban the group was never codified; Salahuddin moves unimpeded in Pakistan-administered Kashmir, granting interviews in which he vows fresh attacks on Indian targets.

    The terror leaders at a glance

    Name

    Group

    UN listing

    US sanctions

    Present status

    Hafiz Muhammad Saeed

    LeT

    10 Dec 2008

    SDGT (May 2008) – USD 10 m bounty

    Serving 78-year term for terror financing

    Masood Azhar

    JeM

    1 May 2019

    SDGT (Nov 2010)

    At large; whereabouts officially “unknown”

    Syed Salahuddin

    HM

     

    SDGT (Jun 2017)

    Operates openly in PoK

    Sajid Mir

    LeT

     

    SDGT (Aug 2012) USD 5 m bounty

    Jailed 2022 for 15½ years on financing charges

     

    Sajid Mir: the man Islamabad declared dead — until it didn’t

    Investigators have long described Sajid Mir as the linchpin of the 2008 Mumbai plot. He recruited David Headley, bank-rolled Headley’s “immigration consultancy” cover in Mumbai, and calmly instructed the gunmen by telephone as the massacre unfolded.

    In 2011 a Chicago grand jury indicted Mir for the Mumbai attack. The United States posted a $5 million reward and, in 2012, the US Treasury designated him an SDGT. When queried, Pakistan first claimed Mir could not be traced; later, policy-makers upgraded his status from “absconding” to “confirmed dead”. Nevertheless, successive US reports on terrorism insisted that Mir was in Pakistan.

    In 2022, under FATF pressure, Mir was quietly arrested; in May 2022, a terrorism court sentenced him to 15½ years’ imprisonment. Tellingly, the conviction was for LeT financing, not for masterminding the 26/11 massacre. The timing is clear: Pakistan needed to exit FATF’s “grey list” and duly showcased Mir’s conviction at the watchdog’s plenary.

    Why the bans keep failing

    • Front-of-house charities – Outfits such as JuD, FIF and Al-Rehmat Trust cloak terrorist networks in a veneer of benevolence, complicating the task for regulators and donors alike.
    • Selective enforcement – Convictions arrive only when outside pressure peaks. Saeed’s 2020 sentence, Mir’s 2022 volte-face and the re-banning of JuD and FIF in 2019 all coincided with looming FATF deadlines or worldwide outrage after high-profile attacks. Almost immediately, JuD and FIF adopted yet new identities, continuing their radical activity.
    • Strategic utility – Groups focused on Kashmir retain value for elements within Pakistan’s security establishment; leaders deemed “assets” are seldom pursued with vigour.
    • Name-change game – Each new alias restarts the bureaucratic clock. By the time the UN or Washington designates a fresh front, funds and recruits have already flowed through it — and on to the next incarnation.

    International sanctions, UN blacklists and FATF scrutiny Grey List are not without effect: they put a break on external money flow to the country, freeze bank accounts of terror groups and terrorists, hinder travel, and, in Saeed’s and Mir’s cases, produce prison terms.

    Yet the record that Pakistan maintains reveals a pattern of grudging, piecemeal compliance rather than wholesale dismantling of terrorist infrastructure. Saeed and Mir were jailed on diluted charges, not for the killings they engineered.

    So long as terrorist leaders calculate that they can outwait external pressure; so long as charitable facades provide a revolving door back into business; and so long as the state continues to believe in the notion of “good versus bad” terror, outfits such as Lashkar-e-Taiba, Jaish-e-Mohammed and Hizbul Mujahideen will remain in play.

     

    May 21, 2025
  • MIL-OSI Economics: Lufthansa Group: Winter flight schedule published and now available for booking

    Source: Lufthansa Group

    Lufthansa Group’s passenger airlines, including Lufthansa, Austrian Airlines, SWISS, Brussels Airlines, Eurowings and Discover Airlines, have published their winter flight schedules for 2025/26. The winter flight schedule begins on October 26, 2025. All destinations can be booked now.

    “A stable, punctual, and reliable flight schedule for all Lufthansa Group airlines for the winter, especially for the Christmas holidays, is our top priority. Our employees at the airports will ensure that everything runs smoothly. In addition, with the expansion of the Allegris offering at Lufthansa Airlines, we are bringing a significant upgrade in the premium segment to many core markets,” said Dieter Vranckx, Chief Commercial Officer Lufthansa Group.

    Winter flight schedule highlights for Lufthansa:

    For the 2025/2026 winter flight schedule, Lufthansa will offer additional long-haul flights whereby passengers can enjoy the new Allegris cabin in all classes: Economy, Premium Economy, Business, and First Class. Starting October 26, the new aircraft, with state-of-the-art cabin interiors, will fly daily from Munich to New York (John F. Kennedy and New Jersey-Newark), Chicago, Miami, Shanghai, Cape Town and Tokyo. In addition, Bengaluru in India will be served three times a week. This is the largest number of Allegris destinations operating simultaneously since its debut. Passengers already booked with these flights can now look forward to the Allegris seat.

    Ten A350-900s with the new cabin interior are already flying for Lufthansa in the winter schedule. More than half a million passengers in all classes have now enjoyed the new seats with extremely high satisfaction rates of nearly 100 percent. This year, Lufthansa also plans to introduce Allegris in Frankfurt with the Boeing 787-9 and the retrofitting of its existing fleet, starting with the Boeing 747-8.

    More news from Lufthansa: due to high demand, flights from Frankfurt to Bydgoszcz (Poland) and from Munich to Oradea (Romania) will continue next winter. These connections were added to the flight schedule in summer 2025. The winter season Airbus A380 destinations from Munich have also been confirmed: A380 enthusiasts can look forward to flights to Los Angeles, San Francisco, Bangkok andDelhi with the A380, which is extremely popular with guests and crew alike.

    Further news from Lufthansa Group Airlines:

    Austrian Airlines will add Amsterdam as a fourth destination from Innsbruck this winter, in addition to its existing connections to Brussels, Warsaw, and Copenhagen. Austrian Airlines is also expanding its service from Vienna to Bangkok: up to two daily connections are now on the flight schedule. From October 26, 2025, Austrian Airlines will now fly to Linate Airport instead of Malpensa for all flights to Milan. This change was made by taking over the corresponding slots from ITA Airways, which, like Austrian Airlines, has been part of the Lufthansa Group since the beginning of the year. Linate Airport is much closer to Milan, significantly reducing the travel time to the city center for passengers.

    SWISS is expanding its service to the Polish city of Krakow. In addition, the destinations Cluj-Napoca (Romania) and Košice (Slovakia), which were served for the first time last winter, will continue to be served from Zurich. The long-haul destination Washington D.C. (USA) will also continue from Zurich this winter. From Geneva, SWISS is focusing on connections to and from the UK, Ireland, and Scandinavia – especially for winter sports travelers planning a vacation in Switzerland.

    Brussels Airlines is continuing to expand its services from Brussels to Africa. Lomé (Togo), Dakar (Senegal), Conakry (Guinea), Monrovia (Liberia), Accra (Ghana), and Freetown (Sierra Leone) will all receive additional weekly connections. Brussels Airlines is thus strengthening its role as the “Africa expert” within the Lufthansa Group.

    Eurowings, Germany’s largest leisure airline will connect Berlin with Abu Dhabi with three non-stop flights per week beginning in November 2025. After Dubai and Jeddah, this will be the third long-distance route for the German capital within a short space of time. The Berlin service to the booming metropolis of Dubai will also be expanded: Eurowings will fly to Dubai up to eleven times a week (instead of the previous seven times a week). Eurowings is also providing a real winter highlight in Lower Saxony: With the inaugural flight on November 4, there will be three direct flights a week from Hanover to Dubai. The third new destination will be reached from Baden-Württemberg: Eurowings will connect Stuttgart with Jeddah in Saudi Arabia twice a week going forward. The program to Egypt is also being expanded: In the new winter flight schedule 25/26, Eurowings will be flying to Marsa Alam from Cologne, Hamburg and Berlin.

    Discover Airlines is adding another highlight to its route network: starting in winter 2025/26, the leisure-focused airline will fly non-stop from Frankfurt to the Seychelles for the first time. This is a first for the Lufthansa Group: no airline in the group has ever flown to the island paradise before. Flights to Punta Cana, in the Dominican Republic, are also on the schedule – the only direct connection from Munich to the popular Caribbean vacation destination. Discover Airlines is also adding Alta in Norway to its schedule from Frankfurt for the first time.

    MIL OSI Economics –

    May 21, 2025
  • CERT-In SAMVAAD 2025: National cybersecurity conference opens in Tamil Nadu

    Source: Government of India

    Source: Government of India (4)

    The three-day national annual cybersecurity conference, CERT-In SAMVAAD 2025, was inaugurated on May 19 at Radisson Blu Resort Temple Bay in Mahabalipuram, Tamil Nadu. Organized by the Indian Computer Emergency Response Team (CERT-In) in collaboration with SkillsDA, the event brings together over 300 delegates, including government officials, regulators, industry leaders, and information security auditing organizations.

    The conference aims to strengthen India’s cybersecurity audit ecosystem and enhance the capabilities of empanelled auditing bodies through discussion, collaboration, and knowledge sharing.

    Leaders stress innovation, resilience in cybersecurity

    Delivering the keynote address, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY), highlighted the urgent need for innovation in cybersecurity auditing, enhanced risk assessments, capacity building, and greater attention to emerging technologies.

    He emphasized that the evolving nature of cyber threats calls for a collaborative and strategic approach, adding that initiatives like SAMVAAD 2025 offer valuable opportunities for audit organizations to modernize practices and contribute to a cyber-resilient India.

    Director General of CERT-In, Dr. Sanjay Bahl, in his welcome address, noted that this is the first global conference dedicated solely to the auditing community. He detailed CERT-In’s efforts in developing a robust framework for cybersecurity resilience, including the empanelment of organizations to conduct audits, vulnerability assessments, and penetration testing.

    Expert insights on threats and technology

    Dr. Kamakoti Veezhinathan, Director of IIT Madras, underlined the growing need for cyber resilience, especially as India’s critical infrastructure becomes increasingly targeted. He stressed that effective frameworks, models, and architectures are essential for ensuring continuity of essential services during cyber incidents.

    Highlighting risks posed by technologies like AI, 5G/6G, and quantum computing, Dr. N. Subramanian, Executive Director of SETS, expressed optimism that the conference would aid in developing comprehensive security strategies to address these new challenges.

    Principal Secretary of the Government of Tamil Nadu, Brajendra Navnit, shared insights into the state’s cybersecurity initiatives and commended CERT-In for organizing a timely and nationally significant platform. He called for audits that go beyond checklists and address deeper systemic risks to digital systems and sensitive data.

    Industry-regulator dialogue and technical deep dives

    The conference also featured a high-level panel discussion on ‘Cybersecurity Audits & Regulatory Expectations: Bridging the Gap’, moderated by S.S. Sarma, Director Operations, CERT-In. The session included representatives from regulatory bodies who shared practical insights for audit organizations on aligning with compliance frameworks and expectations.

    Over the next two days, the event will feature more than 70 presentations across parallel technical and management tracks. The management stream will cover governance, human factors in cybersecurity, stakeholder communication, and C-suite risk management. Meanwhile, the technical track will explore audit automation tools, next-gen tech security (IoT, AI/ML, blockchain, and quantum), and Software Bill of Materials (SBOM) implementation.

    Sessions will also address strategies for continuous auditing in complex environments like cloud systems, APIs, and operational technology.

    Driving future-focused audit transformation

    SAMVAAD 2025 aims to help auditing professionals stay ahead of the curve by equipping them with knowledge on the latest tools, automation techniques, and adaptive methodologies. These insights are expected to enhance audit quality and help organizations better navigate India’s dynamic cybersecurity landscape.

    The conference, which will run until May 21, is being attended by senior dignitaries from both central and state governments, along with industry experts and representatives from over 300 CERT-In empanelled information security auditing organizations.

    May 20, 2025
  • IPL 2025: With the final playoff spot on the line, MI meets DC in a must-win clash

    Source: Government of India

    Source: Government of India (4)

    Considering the start they made to the Indian Premier League (IPL) 2025, not many people would have imagined Mumbai Indians would be taking on Delhi Capitals in a must-win clash for the final playoff spot at the Wankhede Stadium here on Wednesday.

    Delhi Capitals got off to a 4-0 winning spree, while Mumbai Indians won only one in five matches and were at the opposite ends of the points table.

    So, here they are gearing up to face off for the fourth and final spot in the playoffs to join Gujarat Titans, Punjab Kings, and Royal Challengers Bengaluru in the final four for the knockout stages of the IPL 2025.

    After that horrible start, the Mumbai Indians have made a grand comeback, fighting their way back to the top of the table at one time with a six-match unbeaten run. Delhi Capitals, on the other hand, went off the boil, losing three matches, while a no result against Sunrisers Hyderabad did not help matters much.

    Mumbai Indians are in fourth spot in the points table with 14 points from 12 matches, while Delhi Capitals have 13 points from as many matches. Both teams have one match more to play against Punjab Kings, but winning Wednesday’s match will ensure MI a playoff spot, while Delhi needs to win both their matches to reach the knockouts.

    With Jasprit Bumrah returning to the team after an injury layoff and with Ryan Rickelton and Rohit Sharma finding some form, the Mumbai Indians seemed to have solved the jigsaw puzzle. Their pacers have propelled MI ahead, with Trent Boult leading the charge with 18 wickets and Bumrah and Hardik Pandya claiming 13 wickets apiece. Deepak Chahar has claimed 10 wickets, while MI have found nascent talent in Ashwani Kumar and Vignesh Puthur.

    On the batting front, Suryakumar Yadav has been in superb form, while Rickleton, Rohit Sharma, and Tilak Varma have done well in patches as MI surged ahead before Gujarat Titans halted their victory march just before the IPL 2025 went into a break.

    Delhi has ridden on the brilliance of KL Rahul, who has struck a century and three half-centuries so far. Abhishek Porel, Tristan Stubbs, and Faf du Plessis also made some vital contributions. But somehow, they have lacked an out-and-out match winner. They had lost some momentum before IPL 2025 went into the break because of the security situation arising out of the India-Pakistan conflict.

    Delhi have since played a match after the restart and lost to Gujarat Titans on Sunday, while Mumbai will be returning to action after two weeks.

    The team that keeps its nerve on Wednesday will live to fight another day.

    When: Wednesday, May 21 at 7:30 PM IST

    Where: Wankhede Stadium, Mumbai

    Squads:

    Mumbai Indians: Ryan Rickelton (wk), Rohit Sharma, Will Jacks, Suryakumar Yadav, Tilak Varma, Hardik Pandya (c), Naman Dhir, Corbin Bosch, Deepak Chahar, Trent Boult, Jasprit Bumrah, Karn Sharma, Reece Topley, Raj Bawa, Robin Minz, Ashwani Kumar, Satyanarayana Raju, Mitchell Santner, Mujeeb Ur Rahman, Krishnan Shrijith, Raghu Sharma, Arjun Tendulkar, Bevon Jacobs

    Delhi Capitals: Faf du Plessis, Abishek Porel (wk), Sameer Rizvi, KL Rahul, Axar Patel (c), Tristan Stubbs, Ashutosh Sharma, Vipraj Nigam, Kuldeep Yadav, T. Natarajan, Mustafizur Rahman, Dushmantha Chameera, Sediqullah Atal, Karun Nair, Tripurana Vijay, Madhav Tiwari, Mohit Sharma, Mukesh Kumar, Ajay Jadav Mandal, Darshan Nalkande, Donovan Ferreira, Manvanth Kumar L.

    –IANS

    May 20, 2025
  • MIL-OSI China: China Coast Guard supervises Philippine resupply mission to illegally grounded warship 2025-05-20 18:51:17 China Coast Guard said it had allowed and supervised a Philippine resupply mission to the illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16.

    Source: People’s Republic of China – Ministry of National Defense

      BEIJING, May 20 — China Coast Guard said it had allowed and supervised a Philippine resupply mission to the illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16.

      Liu Dejun, spokesperson for the China Coast Guard (CCG), said on Tuesday that, with the permission of the Chinese side, the Philippines sent a civilian vessel to deliver daily supplies to its illegally grounded warship at China’s Ren’ai Jiao in the South China Sea on May 16. The CCG conducted inquiries, verification and full supervision of the Philippine vessel throughout the operation.  

      The spokesperson urged the Philippine side to honor its commitments, work with China in the same direction, and jointly keep the maritime situation under control. “The CCG will continue to carry out rights-protection and law-enforcement activities in the Nansha Qundao, including the Ren’ai Jiao, and their adjacent waters in accordance with law,” stressed the spokesperson.

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    MIL OSI China News –

    May 20, 2025
  • MIL-OSI: Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, May 20, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, is celebrating Bitcoin Pizza Day by hosting events across five continents and distributing pizzas to more than 2,000 people. Between May 19 and May 22, gatherings are being held in cities including Abuja, Cape Town, Buenos Aires, São Paulo, Mexico City, Lisbon, Barcelona, Florence, Catania, Turin, Milan, Athens, Metro Manila, Penang, Tirana, Prague, Dubai, Taipei, and Ho Chi Minh City.

    Bitcoin Pizza Day, celebrated annually on May 22, reminds us of the historic purchase of two pizzas for 10,000 Bitcoins by Laszlo Hanyecz in 2010—a transaction that demonstrates Bitcoin’s immense potential as a medium of exchange. The modest transaction, then worth around $41, is now estimated to be valued at nearly $1 billion. The day has become a symbol of Bitcoin’s evolution from a niche experiment to the backbone of the emerging financial innovation space.

    This year’s celebrations seek to bridge the global crypto community, offering an opportunity for enthusiasts, traders, and newcomers alike to engage in dialogue about Bitcoin’s journey and the future of decentralized finance. The events combine informal networking with educational discussions, reinforcing Bitcoin’s growing relevance amid shifting economic landscapes.

    “Every year, we celebrate Bitcoin Pizza Day because it reminds us how far this industry has come—from 10,000 BTC being worth just $40 to now touching $1 billion. It marks the epitome of any financial vehicle’s success in history. At Bitget, it’s one of our favorite days to share with the community and reflect on the incredible journey we’ve all been part of,” says Gracy Chen, CEO at Bitget.

    By organizing events across diverse regions such as Africa, Latin America, Europe, and Asia, Bitget is showing support towards local crypto communities, encouraging wider participation in the evolving cryptospace. The gatherings highlight how Bitcoin’s story resonates globally, transcending borders. Initiatives such as this serve as reminders of the principles that will continue to fuel the adoption of crypto—innovation, resilience, and joint vision.

    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 world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    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/5fd9309d-8df9-47c3-a79b-d573efe84e51

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Bilibili Inc. Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, May 20, 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 its unaudited financial results for the first quarter ended March 31, 2025.

    First Quarter 2025 Highlights:

    • Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% year over year.
      • Advertising revenues were RMB2.00 billion (US$275.3 million), representing an increase of 20% year over year.
      • Mobile games revenues were RMB1.73 billion (US$238.6 million), representing an increase of 76% year over year.
    • Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% year over year. Gross profit margin reached 36.3%, improving from 28.3% in the same period of 2024.
    • Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.
    • Adjusted net profit1 was RMB361.5 million (US$49.8 million), compared with an adjusted net loss of RMB455.9 million in the same period of 2024.
    • Operating cash flow was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.
    • Average daily active users (DAUs) were 106.7 million, compared with 102.4 million in the same period of 2024.

    “We kicked off 2025 with strong financial results and healthy community metrics in the first quarter,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our DAUs reached 107 million, while MAUs hit a new high of 368 million. As our user base matured—with the average age rising to 26 in 2025—users remained highly engaged and demonstrated growing spending power. Average daily time spent per user hit a record of 108 minutes, and our monthly paying users reached an all-time high of 32 million. With the increasing value of our users and improved monetization efficiency, our total net revenues for the first quarter grew 24% year over year to RMB7.0 billion. Building on this strong momentum, we will continue to unlock the potential of our community by offering more efficient and enhanced commercial solutions. As the go-to video platform for premium content and a vibrant creative culture, Bilibili is uniquely positioned to capture emerging opportunities and sustain long-term growth.”

    Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “In the first quarter, we accelerated revenue growth and expanded our margins. This was driven by outstanding performances from our high-margin advertising and games businesses, which grew by 20% and 76% year over year, respectively. Gross profit increased by 58% year over year, with our gross profit margin rising to 36.3%, up from 28.3% in the same period last year. Supported by our robust topline and margin gains, we sustained an adjusted net profit of RMB361.5 million. Our virtuous operating cycle continues to drive robust operating cash flow, generating RMB1.30 billion in the quarter. Moving forward, we will continue to focus on profitable growth by scaling our business and community through efficient, sustainable operations, and delivering long-term value to our shareholders.”

    First Quarter 2025 Financial Results

    Total net revenues. Total net revenues were RMB7.00 billion (US$965.1 million), representing an increase of 24% from the same period of 2024.

    Value-added services (VAS). Revenues from VAS were RMB2.81 billion (US$386.9 million), representing an increase of 11% from the same period of 2024, mainly attributable to increased revenues from live broadcasting and other value-added services.

    Advertising. Revenues from advertising were RMB2.00 billion (US$275.3 million), representing an increase of 20% from the same period of 2024, mainly attributable to strong revenue growth in performance-based advertising.

    Mobile games. Revenues from mobile games were RMB1.73 billion (US$238.6 million), representing an increase of 76% from the same period of 2024, mainly attributable to the strong performance of the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    IP derivatives and others. Revenues from IP derivatives and others were RMB467.1 million (US$64.4 million), representing a decrease of 4% from the same period of 2024.

    Cost of revenues. Cost of revenues was RMB4.46 billion (US$615.2 million), representing an increase of 10% from the same period of 2024. The increase was mainly due to higher revenue-sharing costs and was partially offset by lower content costs. Revenue-sharing costs, a key component of cost of revenues, were RMB2.67 billion (US$368.1 million), representing an increase of 19% from the same period of 2024, mainly due to an increase in mobile games-related revenue-sharing costs.

    Gross profit. Gross profit was RMB2.54 billion (US$349.9 million), representing an increase of 58% from the same period of 2024, mainly attributable to the growth in total net revenues and relatively stable costs related to platform operations as the Company enhanced its monetization efficiency.

    Total operating expenses. Total operating expenses were RMB2.52 billion (US$347.8 million), representing an increase of 4% from the same period of 2024.

    Sales and marketing expenses. Sales and marketing expenses were RMB1.17 billion (US$160.8 million), representing a 26% increase from the same period of 2024. The increase was primarily attributable to one-off marketing expenses related to the Company’s partnership with CCTV for the 2025 Spring Festival Gala as the exclusive bullet chat live broadcasting and content platform, as well as higher year-over-year promotion expenses for the Company’s exclusively licensed game, San Guo: Mou Ding Tian Xia.

    General and administrative expenses. General and administrative expenses were RMB515.6 million (US$71.1 million), representing a decrease of 3% compared with the same period of 2024.

    Research and development expenses. Research and development expenses were RMB841.5 million (US$116.0 million), representing a 13% decrease from the same period of 2024. The decrease was mainly attributable to improved research and development efficiency.

    Profit/(loss) from operations. Profit from operations was RMB15.0 million (US$2.1 million), compared with a loss of RMB818.6 million from the same period of 2024.

    Adjusted profit/(loss) from operations1. Adjusted profit from operations was RMB342.5 million (US$47.2 million), compared with an adjusted loss from operations of RMB512.2 million from the same period of 2024.

    Total other (expenses)/income, net. Total other expenses were RMB14.1 million (US$1.9 million), compared with total other income of RMB55.5 million in the same period of 2024.

    Income tax expense. Income tax expense was RMB11.6 million (US$1.6 million), compared with RMB1.6 million in the same period of 2024.

    Net loss. Net loss was RMB10.7 million (US$1.5 million), narrowing by 99% year over year.

    Adjusted net profit/(loss)1. Adjusted net profit was RMB361.5 million (US$49.8 million), compared with an adjusted loss of RMB455.9 million in the same period of 2024.

    Basic and diluted EPS and adjusted basic and diluted EPS1. Basic and diluted net loss per share were RMB0.02 (US$0.00) each, compared with basic and diluted net loss per share of RMB1.80 each in the same period of 2024. Adjusted basic and diluted net profit per share were RMB0.86 (US$0.12) and RMB0.85 (US$0.12), respectively, compared with an adjusted basic and diluted net loss per share of RMB1.06 each in the same period of 2024.

    Net cash provided by operating activities. Net cash provided by operating activities was RMB1.30 billion (US$179.4 million), compared with RMB637.7 million in the same period of 2024.

    Cash and cash equivalents, time deposits and short-term investments. As of March 31, 2025, the Company had cash and cash equivalents, time deposits and short-term investments of RMB17.40 billion (US$2.40 billion).

    Convertible Senior Notes. As of March 31, 2025, the aggregate outstanding principal amount of April 2026 Notes, 2027 Notes and December 2026 Notes was US$13.4 million (RMB96.2 million).

    Changes in Board Committees

    The Company’s board of directors (the “Board”) approved the separation of the Nominating and Corporate Governance Committee into two distinct committees. Effective from May 20, 2025, the Nomination Committee and the Corporate Governance Committee will each operate under separate charters with defined functions and responsibilities. The Nomination Committee will comprise Mr. JP Gan, Mr. Eric He, Mr. Feng Li and Ms. Ni Li, with Mr. JP Gan serving as chairperson. The Corporate Governance Committee will comprise Mr. JP Gan, Mr. Eric He and Mr. Feng Li, with Mr. JP Gan serving as chairperson. Charters of each communitee will be published on the Company’s investor relations website at http://ir.bilibili.com and The Stock Exchange of Hong Kong Limited website at www.hkexnews.hk.

    1 Adjusted profit/(loss) from operations, adjusted net profit/(loss), and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Conference Call

    The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on May 20, 2025 (8:00 PM Beijing/Hong Kong Time on May 20, 2025). Details for the conference call are as follows:

    All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

    Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

    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.

    Use of Non-GAAP Financial Measures

    The Company uses non-GAAP measures, such as adjusted profit/(loss) from operations, adjusted net profit/(loss), adjusted net profit/(loss) per share and per ADS, basic and diluted and adjusted net profit/(loss) attributable to the Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, gain/loss on fair value change in investments in publicly traded companies, and gain/loss on repurchase of convertible senior notes. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

    The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net loss, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

    The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

    For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

    Exchange Rate Information

    This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB7.2567 to US$1.00, the exchange rate on March 31, 2025 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

    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

    BILIBILI INC.
    Unaudited Condensed Consolidated Statements of Operations
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
               
    Net revenues:          
    Value-added services (VAS) 2,528,909     3,083,071     2,807,340  
    Advertising 1,668,584     2,388,673     1,997,635  
    Mobile games 982,810     1,797,537     1,731,155  
    IP derivatives and others 484,297     464,880     467,118  
    Total net revenues 5,664,600     7,734,161     7,003,248  
    Cost of revenues (4,059,240 )   (4,945,945 )   (4,464,150 )
    Gross profit 1,605,360     2,788,216     2,539,098  
               
    Operating expenses:          
    Sales and marketing expenses (927,059 )   (1,236,593 )   (1,166,975 )
    General and administrative expenses (531,777 )   (505,861 )   (515,638 )
    Research and development expenses (965,120 )   (919,321 )   (841,477 )
    Total operating expenses (2,423,956 )   (2,661,775 )   (2,524,090 )
    (Loss)/profit from operations (818,596 )   126,441     15,008  
               
    Other income/(expenses):          
    Investment loss, net (including impairments) (21,249 )   (283,191 )   (62,203 )
    Interest income 133,207     110,150     94,173  
    Interest expense (31,574 )   (19,986 )   (32,571 )
    Exchange (losses)/gains (58,060 )   10,529     (11,659 )
    Debt extinguishment loss (20,980 )   (17,649 )   –  
    Others, net 54,183     139,107     (1,837 )
    Total other income/(expenses), net 55,527     (61,040 )   (14,097 )
    (Loss)/profit before income tax expenses (763,069 )   65,401     911  
    Income tax (expense)/benefit (1,562 )   23,533     (11,588 )
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Net (loss)/profit attributable to the Bilibili Inc.’s shareholders (748,545 )   89,960     (9,102 )
    Net (loss)/profit per share, basic (1.80 )         0.22     (0.02 )
    Net (loss)/profit per ADS, basic (1.80 )   0.22     (0.02 )
    Net (loss)/profit per share, diluted (1.80 )   0.21     (0.02 )
    Net (loss)/profit per ADS, diluted (1.80 )   0.21     (0.02 )
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     420,086,397  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     420,086,397  
               

    The accompanying notes are an integral part of press release.

    BILIBILI INC.
    NOTES TO UNAUDITED FINANCIAL INFORMATION
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024   2024   2025
      RMB   RMB   RMB
               
    Share-based compensation expenses included in:          
    Cost of revenues 13,677   25,350   23,996
    Sales and marketing expenses 12,560   18,524   16,417
    General and administrative expenses 157,824   137,513   144,497
    Research and development expenses 80,525   113,649   105,855
    Total 264,586   295,036   290,765
     
    BILIBILI INC.
    Unaudited Condensed Consolidated Balance Sheets
    (All amounts in thousands, except for share and per share data)
     
      December
    31,
      March
    31,
      2024    2025 
      RMB   RMB
           
    Assets      
    Current assets:      
    Cash and cash equivalents 10,249,382     9,601,900  
    Time deposits 3,588,475     3,937,921  
    Restricted cash 50,000     50,950  
    Accounts receivable, net 1,226,875     1,007,515  
    Prepayments and other current assets 1,934,788     2,124,271  
    Short-term investments 2,706,535     3,856,835  
    Total current assets 19,756,055     20,579,392  
    Non-current assets:      
    Property and equipment, net 589,227     522,109  
    Production cost, net 1,851,207     1,753,344  
    Intangible assets, net 3,201,012     3,199,545  
    Goodwill 2,725,130     2,725,130  
    Long-term investments, net 3,911,592     3,919,494  
    Other long-term assets 664,277     581,476  
    Total non-current assets 12,942,445     12,701,098  
    Total assets 32,698,500     33,280,490  
    Liabilities      
    Current liabilities:      
    Accounts payable 4,801,416     4,983,062  
    Salary and welfare payables 1,599,482     1,200,571  
    Taxes payable 428,932     376,961  
    Short-term loan and current portion of long-term debt 1,571,836     1,818,124  
    Deferred revenue 3,802,307     3,848,682  
    Accrued liabilities and other payables 2,558,830     2,877,377  
    Total current liabilities 14,762,803     15,104,777  
    Non-current liabilities:      
    Long-term debt 3,264,153     3,264,089  
    Other long-term liabilities 567,631     531,276  
         Total non-current liabilities 3,831,784     3,795,365  
    Total liabilities 18,594,587     18,900,142  
           
    Total Bilibili Inc.’s shareholders’ equity 14,108,397     14,386,407  
    Noncontrolling interests (4,484 )   (6,059 )
    Total shareholders’ equity 14,103,913     14,380,348  
           
    Total liabilities and shareholders’ equity 32,698,500     33,280,490  
           
    BILIBILI INC.  
    Unaudited Selected Condensed Consolidated Cash Flows Data  
    (All amounts in thousands, except for share and per share data)  
       
      For the Three Months Ended  
      March
    31,
      December
    31,
      March
    31,
     
      2024   2024   2025  
      RMB   RMB   RMB  
                 
    Net cash provided by operating activities 637,697   1,400,988   1,302,095  
     
    BILIBILI INC.
    Unaudited Reconciliations of GAAP and Non-GAAP Results
    (All amounts in thousands, except for share and per share data)
     
      For the Three Months Ended
      March
    31,
      December
    31,
      March
    31,
      2024    2024    2025 
      RMB   RMB   RMB
    (Loss)/profit from operations (818,596 )   126,441     15,008  
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Adjusted (loss)/profit from operations (512,234 )   463,058     342,465  
               
    Net (loss)/profit (764,631 )   88,934     (10,677 )
    Add:          
    Share-based compensation expenses 264,586     295,036     290,765  
    Amortization expense related to intangible assets acquired through business acquisitions 41,776     41,581     36,692  
    Income tax related to intangible assets acquired through business acquisitions (5,407 )   (5,358 )   (4,136 )
    (Gain)/loss on fair value change in investments in publicly traded companies (13,186 )   14,177     48,869  
    Loss on repurchase of convertible senior notes 20,980     17,649     –  
    Adjusted net (loss)/profit (455,882 )   452,019     361,513  
               
    Net loss attributable to noncontrolling interests 16,086     1,026     1,575  
    Adjusted net (loss)/profit attributable to the Bilibili Inc.’s shareholders (439,796 )   453,045     363,088  
    Adjusted net (loss)/profit per share, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per ADS, basic (1.06 )   1.08     0.86  
    Adjusted net (loss)/profit per share, diluted (1.06 )   1.07     0.85  
    Adjusted net (loss)/profit per ADS, diluted (1.06 )   1.07     0.85  
    Weighted average number of ordinary shares, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ADS, basic 415,274,340     417,829,038     420,086,397  
    Weighted average number of ordinary shares, diluted 415,274,340     424,208,294     425,602,954  
    Weighted average number of ADS, diluted 415,274,340     424,208,294     425,602,954  

    The MIL Network –

    May 20, 2025
  • MIL-OSI: Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

    Nykredit Realkredit A/S has received all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S

    20 May 2025

    Nykredit Realkredit A/S has received the Danish Competition and Consumer Authority’s approval, after which all regulatory approvals to complete the recommended, voluntary public tender offer for Spar Nord Bank A/S have been received

    In accordance with section 4(1) of the Danish Takeover Order1, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion. As stated in the supplement dated April 2, 2025, the offer price has subsequently been increased to DKK 210.50 per share.

    On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. The Offer Document was most recently supplemented in a supplement of 23 April 2025.

    Nykredit today received the Danish Competition and Consumer Authority’s approval of Nykredit’s acquisition of sole control over Spar Nord Bank pursuant to part 4 of the Danish Competition Act. The last of the regulatory approvals which, in accordance with section 6.16 of the Offer Document, constitute the “Regulatory Condition” for the Offer has thus been received.

    Completion of the Offer is subject to the remaining conditions set out in section 6.6 of the Offer Document being satisfied.

    The Offer Period expires on 20 May 2025 at 23:59 (CEST). On 21 May 2025, Nykredit expects to publicly announce a preliminary compilation of the number of acceptances and announce whether the Offer will be finalised.

    Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

    After Nykredit Realkredit A/S has received all regulatory approvals to complete the voluntary tender offer for Spar Nord Bank A/S, Michael Rasmussen, Group Chief Executive, states:

    “We are pleased to have received the merger control approval from the Danish Competition and Consumer Authority. Spar Nord and Nykredit are both strong banks experiencing growth, customer inflows and high customer satisfaction.I look forward to soon welcoming customers and colleagues from Spar Nord.

    The Nykredit Group’s ‘Winning the Double’ strategy continues, because partnerships are a crucial part of our strategy. Our partners can therefore expect us to further engage and invest in our important communities in Totalkredit, BEC, Sparinvest, nærpension and Privatsikring. Partnerships that ensure that we together stand stronger in the Danish financial market and in our interaction with customers.”

    Questions and further information

    Any questions concerning the Offer may be directed to:

    Nykredit Bank A/S

    Company reg. (CVR) no.: 10 51 96 08

    Sundkrogsgade 25

    2150 Nordhavn
    Denmark

    Telephone: +45 7010 9000

    and

    Carnegie Investment Bank

    Filial af Carnegie Investment Bank AB (publ), Sverige

    Company reg. (CVR) no. 35 52 12 67

    Overgaden Neden Vandet 9B

    1414 Copenhagen K
    Denmark

    E-mail: annette.hansen@carnegie.dk

    For further information about the Offer, please see: https://www.nykredit.com/en-gb/offer-spar-nord/

    This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

    This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

    Restricted jurisdictions

    The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

    Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

    Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Offer Document, supplements or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Offer Document, supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

    Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Offer Document or supplements to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

    Important Information for Shareholders in the United States

    The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

    The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

    Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

    In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

    In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

    It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

    The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

    NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.


    1 Executive Order no. 636 of 15 May 2020

    Attachment

    • Announcement of final regulatory approval

    The MIL Network –

    May 20, 2025
  • Trump’s mass layoff threat drives U.S. government workers to resign

    Source: Government of India

    Source: Government of India (4)

    Tens of thousands of U.S. government workers have chosen to resign rather than endure what many view as a torturous wait for the Trump administration to carry out its threats to fire them, say unions, governance experts and the employees themselves.

    President Donald Trump signed an executive order on taking office to dramatically slash the size and cost of government. Four months later, mass layoffs at the largest agencies have yet to materialize and courts have slowed the process.

    Instead, most of the roughly 260,000 civil servants who have left or will leave by the end of September have taken buyouts or other incentives to quit. Some told Reuters they could no longer live with the daily stress of waiting to be fired after multiple warnings from Trump administration officials that they could lose their jobs in the next wave of layoffs.

    As a result, Trump and tech billionaire Elon Musk’sDepartment of Government Efficiency have managed to cut nearly 12% of the 2.3 million-strong federal civilian workforce largely through threats of firings, buyouts and early retirement offers, a Reuters review of agency departures found.

    The White House did not respond to a request for comment for this story. Trump and Musk say the federal bureaucracy is bloated, inefficient and beset with waste and fraud.

    The White House has yet to provide an official tally of the number of people leaving the federal workforce. It said 75,000 took the first of two buyout offers but has not said how many took a second buyout offer last month. Under the scheme, civil servants will receive full pay and benefits through September 30, with most not having to work during that period.

    Deep cuts are earmarked for several agencies, including over 80,000 jobs at the Department of Veterans Affairs, and 10,000 at the Department of Health and Human Services.

    Since January, many government workers have spoken of living in fear of being fired. Many agencies have sent regular emails to staff that couple incentives to quit with warnings that those who stay face the possibility of being laid off.

    They have also endured cramped offices after Trump ordered all remote workers to return to work and dysfunction inside their agencies caused by a brain drain of experienced workers.

    Don Moynihan, a professor at the Ford School of Public Policy at the University of Michigan, said a series of moves by DOGE and Trump have worn down the early defiance of many civil servants and led them to leave the workforce, a strategy that avoids the legal pitfalls of firing them.

    They include the first buyout offer, which told workers they needed to leave their “lower productivity” jobs; a demand by Musk for workers to summarize five things they had achieved at work in the previous week, and workers being asked to do jobs they were not trained for.

    “It’s inappropriate to think of these as voluntary resignations. Many of these employees feel that they were forced out,” Moynihan said.

    Charlotte Reynolds, 58, took an early retirement offer and left her job as a senior tax analyst at the tax-collecting Internal Revenue Service on April 30.

    Reynolds chose not to take the first buyout offer in January, deciding to tough things out. By April she had had enough.

    May 20, 2025
  • Delhi CM Rekha Gupta inaugurates Delhi Games 2025 at Talkatora Stadium

    Source: Government of India

    Source: Government of India (4)

    Delhi Chief Minister Rekha Gupta inaugurated the Delhi Games 2025 at Talkatora Stadium in New Delhi on Tuesday. Delhi Minister for Urban Development, Education & Training, Ashish Sood, was also present at the inauguration ceremony.

    The Chief Minister emphasized that athletes from Delhi should receive all necessary facilities, contrasting this with the shortcomings of previous governments.

    She stated that the Delhi government, through the Delhi Sports Council, would ensure that athletes have access to the resources they need to train and compete in the capital, enabling them to bring honor to the city.

    “Athletes from Delhi should get all the facilities they need. In previous governments, we saw that due to a lack of facilities in Delhi, athletes had to go to other states and register there. The Delhi government, through the Delhi Sports Council, will provide all necessary facilities so that they stay in Delhi and earn laurels for the national capital,” Rekha Gupta told reporters.

    More than 22,000 athletes are expected to compete across 20 sports disciplines during the Delhi Games.

    Earlier, on May 17, CM Rekha Gupta also inaugurated a new water pipeline in Singalpur village, located in the Shalimar Bagh area of the national capital.

    Addressing the public at that event, the Chief Minister said, “Until now, we have been paying off the liabilities of previous governments. Our government is committed to the welfare of the people. Work must be done in the public interest—no work should be left unfinished.”

    She further emphasized her administration’s focus on transparency and integrity, stating, “It is the government’s responsibility to carry out every task with complete transparency and honesty, and we will fulfill it.”

    Gupta also criticized the former Aam Aadmi Party (AAP) government for neglecting the capital’s infrastructure, particularly its firefighting systems, which she described as being in a “dilapidated state.”

    “The firefighting systems under the previous government were in a dilapidated state. Because of this, we were unable to provide timely solutions during several tragedies,” she said.

    Later, the Chief Minister, along with Bharatiya Janata Party (BJP) MP Ramvir Bidhuri and Minister Ashish Sood, inspected the modern firefighting vehicles of the Delhi Fire Service at the Secretariat.

    May 20, 2025
  • PM Modi condoles the demise of renowned astrophysicist Dr. Jayant Narlikar

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday expressed deep condolences on the passing of Dr. Jayant Narlikar, one of India’s most distinguished astrophysicists.

    In a heartfelt post on X, the Prime Minister wrote:

    “The passing of Dr. Jayant Narlikar is a monumental loss to the scientific community. He was a luminary, especially in the field of astrophysics. His pioneering works, especially key theoretical frameworks will be valued by generations of researchers. He made a mark as an institution builder, grooming centres of learning and innovation for young minds. His writings have also gone a long way in making science accessible to common citizens. Condolences to his family and friends in this hour of grief. Om Shanti.”

    Dr. Narlikar passed away on Tuesday at the age of 86. According to close associates, he had undergone surgery for a hip fracture a fortnight ago and was recuperating at home.

    A legendary figure in the field of theoretical astrophysics, Dr. Narlikar was best known for proposing an alternative to the Big Bang theory—the steady state model—alongside Sir Fred Hoyle. His contributions brought international recognition to Indian science.

    He played a key role in the establishment of the Inter-University Centre for Astronomy and Astrophysics (IUCAA) in Pune, where he mentored generations of young scientists and helped shape India’s modern astrophysics landscape.

    An alumnus of Banaras Hindu University and Cambridge University, Dr. Narlikar also worked with the Tata Institute of Fundamental Research (TIFR). Beyond his academic achievements, he gained prominence as a science communicator, striving to make complex scientific ideas accessible to the general public through books and lectures in English and regional languages.

    May 20, 2025
  • MIL-OSI Russia: Marat Khusnullin: 130 agreements were signed at KazanForum

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The XVI International Economic Forum “Russia – Islamic World: KazanForum” is aimed at strengthening the comprehensive cooperation between Russia and Muslim states. It was held in Kazan from May 13 to 18.

    “We see that the forum is absolutely in demand and needed both by our country and by the countries of the Islamic world. Every year KazanForum is gaining more and more momentum. This year the program included more than 200 events, including 148 business sessions with the participation of 990 speakers. The forum was a record-breaking one in terms of its effectiveness: 130 agreements and memorandums were concluded on its platform, including 75 international ones, for a total of more than 1 billion rubles,” said Deputy Prime Minister, Chairman of the Organizing Committee for the preparation and holding of the International Economic Forum “Russia – Islamic World: KazanForum” Marat Khusnullin.

    In 2025, representatives from 96 countries and 82 Russian regions took part in the forum events.

    The key topics for 2025 were digitalization of cooperation between Russia and the countries of the Organization of Islamic Cooperation (OIC), international cooperation, a real estate exhibition and conference, sports, the halal industry, Islamic finance and investment, tourism, culture, a female perspective, business, economics, personnel today and tomorrow, science and technology, and media activities.

    A meeting of the strategic vision group “Russia – Islamic world” was held within the framework of KazanForum. The meeting was devoted to issues of youth policy and cooperation in the humanitarian sphere. The meeting was chaired by Rais of the Republic of Tatarstan, Chairman of the strategic vision group “Russia – Islamic world” Rustam Minnikhanov.

    In addition to the meetings of the forum and the Russia-Islamic World Strategic Vision Group, plenary sessions of the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), the international symposium on the Islamic Urban Environment (IBEIS 2025), the International Forum of Chambers of Commerce and Industry, the 11th Kazan Forum of Young Entrepreneurs of the OIC Countries, a meeting of the North-South International Transport Corridor, and a congress of ministers of culture of the Organization of Islamic Cooperation were held. The plenary session was attended by ministers of culture and representatives of the ministries of culture of 12 countries, the Director General of the Department of Public Arts of Iraq, the Chairman of the Organization for Culture and Islamic Relations of Iran, representatives of the embassies of 5 states in the Russian Federation, as well as the Director of the OIC Department of Culture, the Director General of ISESCO and a representative of the League of Arab States in the Russian Federation.

    The forum became the venue for 10 meetings of representatives of Russia and foreign countries in various formats – from pitch sessions to business forums. In particular, events on international cooperation “Russia – UAE”, “Russia – MENA countries”, “Russia – Afghanistan”, “Russia – Turkey”, “Russia – Malaysia”, “Russia – Iran”, “Russia – Tajikistan”, “Russia – Kazakhstan”, “Russia – Qatar” were held.

    The international exhibition Russia Halal Expo was organized for the 8th time within the framework of the forum. This is the largest exhibition in Russia of economic and scientific-technological cooperation of the regions of the Russian Federation and the OIC countries. The exhibition presents 54 stands from 12 countries.

    This year, the International Property Market real estate exhibition was organized for the 2nd time within the framework of KazanForum – a unique platform designed to strengthen international ties and interaction with investors from different countries. The exhibition part of IPM 2025 was spread over an area of more than 1 thousand square meters. The participants of the exhibition were 57 companies, including 29 developers and builders, among which were stands from the UAE, Azerbaijan and Turkey.

    As part of the forum, the opening of the XV All-Russian Forum of Tatar Religious Figures “National Identity and Religion” took place in the Kazan Agro-Industrial Park. The forum traditionally brought together more than 1,000 imams, Islamic scholars, representatives of the clergy, and public figures from 74 regions of the Russian Federation. On the final day of the forum, delegates went to the ancient city of Bolgar, where they took part in the ceremonial event “Izge Bolgar zyeeny”, which brought together about 25,000 people from Russia and abroad.

    “For the Russian Federation, a state that unites many nations and people of different faiths, partnership with the Islamic world has been and remains one of the most important areas of foreign policy. Russia and the countries of the Organization of Islamic Cooperation actively interact on the basis of balanced approaches to a number of global problems, are involved in the formation of a new world order, showing by their example the possibility of a conflict-free dialogue of civilizations,” said the head of the Republic of Tatarstan Rustam Minnikhanov.

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

    MIL OSI Russia News –

    May 20, 2025
  • MIL-OSI Asia-Pac: President Lai interviewed by Nippon Television and Yomiuri TV

    Source: Republic of China Taiwan

    Details
    2025-05-20
    President Lai delivers address on first anniversary of taking office  
    On the morning of May 20, President Lai Ching-te delivered an address on the first anniversary of his taking office. In his address, the president stated that the Taiwan of today is a Taiwan of the world, and whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. He said that, looking forward, we will not cower in the face of challenges; rather, we will bravely march forward into the future. We will maintain solidarity, he emphasized, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly.  President Lai stated that moving forward, the government will set up a fund to boost Taiwan’s economic momentum. He also stated that he will be instructing the national security team to initiate a major national security briefing for the chairs of opposition parties, in the hope that leaders of all parties can prioritize our nation’s interests and uphold our nation’s security so that we can tackle our nation’s challenges side by side. A translation of President Lai’s address follows: Yesterday, outside of Beida Elementary School in New Taipei City’s Sanxia District, there was a major traffic accident that, sadly, claimed several lives and resulted in multiple injuries. The Executive Yuan immediately formed a task force, and last night I personally visited the victims in hospital. Central government agencies and the local government will cooperate to provide assistance to the victims’ families. They will work as quickly as possible to determine the cause of the accident and assess areas for improvement, so as to prevent reoccurrence of accidents like this. Today, let me express my deepest condolences to the bereaved families for the unfortunate loss of life and my hope for the quick and full recovery of those injured. The purpose of government is to serve the people. I want to thank the people of Taiwan for entrusting me, one year ago today, with the responsibility of leading the nation bravely forward. I want to thank all my fellow citizens for working hand in hand with the government over this past year. Together, we have overcome numerous challenges to ensure that our nation will keep moving forward.  As we face three major challenges that receive international attention and create the largest impact on our citizens: climate change, the promotion of health, and social resilience, I decided to establish three committees at the Presidential Office. In each committee, we have thus far seen incremental progress. We are working to align ourselves with international standards. The voluntary bottom-up plans of different government agencies plus the top-down approach of the Executive Yuan National Council for Sustainable Development’s Net Zero Emissions Transition Taskforce have produced 20 flagship carbon reduction projects for six major sectors. The government is expected to continue to inject over NT$1 trillion in the budget for the net-zero transition by 2030; and we expect to spur at least NT$5 trillion in private green investment and financing as we work toward the new 2035 NDC target for emissions reductions of 38±2 percent. Taiwan’s air quality has been steadily improving. From 2015 to today, the annual average PM2.5 concentration has dropped from 21.82 to 12.8 μg/m3. Taiwan officially began collecting fees for its carbon fee system this year. With firm resolve, a steady pace, and flexible strategies, we will work to realize the vision of net-zero transition by 2050; and together with the world we will pursue sustainable growth and prosperous development. To address the challenges in the post-pandemic world, we are establishing a national center for disease prevention and control, strengthening our central pandemic response. To promote health for all, we are promoting cancer screening, establishing a fund for new cancer drugs, and launching the five-year, NT$48.9 billion Healthy Taiwan Cultivation Plan. This year, we significantly increased the total National Health Insurance budget by NT$71.2 billion to achieve sustainable NHI development. We aim to create a Healthy Taiwan, keeping people healthy and making the nation stronger so that the world embraces Taiwan. We are also hard at work to enhance our whole-of-society defense resilience. In addition to continuing to assess various aspects of preparedness at the national level and conduct field verification, we have concerted the efforts of various ministries to propose 17 major strategies to respond to national security and united front threats, uniting our people to resist division and protecting our cherished free and democratic way of life. Recently, the Executive Yuan made special budget allocations of NT$410 billion, of which NT$150 billion is aimed to enhance national resilience. On this, we look forward to mutual support from the ruling and opposition parties. As our nation continues on the path forward, challenges and obstacles will continue to emerge. Early last month, the United States announced its new tariff policy, and in response I proposed five major strategies. I also launched industry listening tours, with the aim of working alongside industries to overcome challenges and open up new opportunities. The Executive Yuan is also soliciting opinions from all sectors as quickly as possible to put forward a special act to enhance the resilience of Taiwan’s national security. The annual surplus will be utilized in the special budget allocations totaling NT$410 billion to not only support industries and stabilize employment, but also strengthen the economy, protect people’s livelihoods, enhance resilience in homeland security, and ensure that Taiwan’s industries continue to steadily advance amidst changing circumstances. Notably, in our discussions across different industries, all sectors advocated against raising electricity prices and were in support of government subsidies for Taiwan Power Company. These would offset Taipower’s losses from subsidies to support people’s livelihoods and for industrial electricity usage since the COVID-19 pandemic and Russo-Ukrainian War, both strengthening its finances and stabilizing electricity prices. We look forward to cooperation among the ruling and opposition parties to pass the Executive Yuan’s special budget. All sectors hope to maintain a stable power supply. As energy security is national security, ensuring a stable power supply while developing more forms of green energy is, whether now or in the future, one of the government’s most important tasks. Aside from the issue of electricity prices, the Taiwanese people have also been closely following the recent Taiwan-US tariff negotiations. The first round of in-person talks have concluded, and tariff negotiations are currently still going smoothly. The government will uphold the principles of ensuring national interests and safeguarding industry development, under no circumstances sacrificing any one sector. We will stand firm on Taiwan’s position and, from the basis of deepening Taiwan-US economic and trade relations, strive for optimal negotiation results in a well-paced, balanced manner. Taiwan shares democratic values with our democratic partners around the world. When combined with our adherence to free market principles to foster mutual prosperity, those values are our greatest assets. They form a protective umbrella that allows Taiwanese businesses to unleash their vitality and energy. They are also the most significant mark of distinction between us and authoritarian regimes. For many years now, Taiwan, the US, and our democratic partners have actively engaged in exchange and cooperation, spurring mutual growth. Among friends, there is always some friction; but that friction is always resolvable. Just as it says in the Bible, “As iron sharpens iron, so one person sharpens another.” Through mutual exchange, friends can smooth out their shortcomings and further hone their strengths. Even when differences arise, so long as there is a foundation built on trust and honest dialogue, friends can better understand one another and further deepen their bonds. Now, Taiwan’s market is global; its stage is international. Going forward, we will hold firm to our democratic values and expand into diverse markets. First, Taiwan’s economic path is clearly established. Taking a market-oriented approach, we will promote an economic path of staying firmly rooted in Taiwan and expanding the global presence of our enterprises while strengthening ties with the US. In recent years, Taiwan has updated investment protection agreements with such countries as the Philippines, India, Vietnam, and Thailand, and signed a foreign investment promotion and protection arrangement with Canada. Moving forward, we will endeavor to sign investment protection agreements and double taxation avoidance agreements with our friends and allies. Second, Taiwan’s trade strategy is clearly defined. We will extend our market connections with the US and other free, democratic nations, expanding our presence worldwide. To that end, we have completed the signing of the first agreement under the Taiwan-US Initiative on 21st-Century Trade and signed an enhanced trade partnership arrangement with the United Kingdom. We are in active negotiations on trade agreements with other countries, and we continue to seek admission to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and other mechanisms for regional economic integration. Third, we must ensure that Taiwan’s economy is export-led while expanding domestic demand, concurrently prioritizing strong technological R&D and upgraded traditional industries, and boosting software development, production, and manufacturing. We must also continue tapping into Taiwan’s strengths to attract international firms here to invest and collaborate. In just the past few years, Entegris opened a new manufacturing facility in Kaohsiung, Micron launched a new facility in Taichung, and Google further solidified Taiwan as its biggest R&D hub outside of the US by opening a new office here. AMD, Nvidia, and major cloud computing companies from the US have also been expanding their presence here. And yesterday, Nvidia even announced that it will establish an overseas headquarters in Taiwan. Through such collaboration across borders, we are introducing advanced technology from overseas and engaging in international R&D. We will build Taiwan into an even more resilient economy. Moving forward, the government will set up a fund to boost Taiwan’s economic momentum. With our sights set on the whole globe, we will invest in international markets, while the government will also set up a sovereign wealth fund and build a national-level investment platform. We will make full use of Taiwan’s industrial advantages and, with the government taking the lead and synergizing private-sector enterprises, expand our global presence and link with major target markets of the AI era. Domestically, we will bolster local supply chains and strengthen industries’ ability to adapt to changing circumstances. The government will enhance the functions of the National Development Fund to achieve industrial restructuring and assist domestic industries and small- and medium-sized enterprises with upgrading and transformation, raising international competitiveness and consolidating domestic industry foundations. My fellow citizens, our market and our values are defined by democracy. Democracy is also a display of our national strength. Taiwan was once the country with the world’s longest martial law period, but now, we are a beacon for democracy in Asia. Our past generations, through valiant sacrifice and devotion, bravely resisted authoritarianism and pursued democracy. Today’s younger generations are able to proactively engage in politics, protect the nation, further entrench democracy, and strive for a diverse Taiwan through all manner of constitutional and legal means, without fear of difficulty. This is the democratic Taiwan we take pride in. I am confident that no one Taiwanese would give up their free and democratic way of life. And no president can abandon the values of freedom and democracy. On the path of democracy, Taiwan never relied on the mobilization of hate; rather, it relied on the participation and coming together of citizens. We do not fear differences in opinion because the core of democracy is about finding, within difference, unity. I have always believed that democratic disputes are resolved through greater exercise of democracy. Over the past year, despite the domestic political situation, ruling and opposition parties formed a delegation to attend the inaugural ceremonies of the president and vice president of the US, demonstrating that democratic Taiwan stands united for deepening Taiwan-US ties. I also, in accordance with the powers granted me by the Constitution, convened a national policy meeting with the heads of the five branches of government, with the hope of achieving reconciliation and encouraging cooperation. I have always been willing, with open arms, to work hard for cross-party dialogue and strengthened cooperation among our political parties. That is why I will be instructing our national security team to initiate a major national security briefing for the chairs of opposition parties. It is hoped that leaders of all parties, regardless of political stance, can prioritize our nation’s interests and uphold our nation’s security; and grounded in shared facts, we can openly and honestly exchange views and discuss matters of national importance, so that we can tackle our nation’s challenges side by side. Later today is the opening ceremony of COMPUTEX TAIPEI, an event that will be closely followed in the international community. Taiwan, as the world’s silicon island, is a central pillar in the global economy and the field of AI, and this event will therefore attract important tech industry figures from around the world. Once a small-scale expo initially held near Taipei’s Songshan Airport, COMPUTEX has continued to grow in scale over the past 40-plus years, and now marks an important milestone in the development of global technological innovation. COMPUTEX is a microcosm of the Taiwan story, an achievement that the people of Taiwan share. The Taiwan of today is a Taiwan of the world. Whether it is global technological development, divisions of labor within international supply chains, worldwide economic and trade exchanges, or regional security matters, Taiwan plays a pivotal and indispensable role. My fellow citizens, we do not cower in the face of challenges; rather, we bravely march forward into the future. As the saying goes, success is 30 percent destiny and 70 percent hard work. We will maintain solidarity, and with our resilience, perseverance, and enthusiasm as Taiwanese, forge ahead with transition, steadily and solidly. That is the spirit of us Taiwanese. We will keep working together in solidarity and meet challenges with firm strides, making Taiwan a global beacon, a pilot for world peace, and a force for global prosperity. Thank you.  

    Details
    2025-05-13
    President Lai interviewed by Japan’s Nikkei  
    In a recent interview with Japan’s Nikkei, President Lai Ching-te responded to questions regarding Taiwan-Japan and Taiwan-United States relations, cross-strait relations, the semiconductor industry, and the international economic and trade landscape. The interview was published by Nikkei on May 13. President Lai indicated that Nikkei, Inc. is a global news organization that has received significant recognition both domestically and internationally, and that he is deeply honored to be interviewed by Nikkei and grateful for their invitation. The president said that he would like to take this rare opportunity to thank Japan’s government, National Diet, society, and public for their longstanding support for Taiwan. Noting that current Prime Minister Ishiba Shigeru and former Prime Ministers Abe Shinzo, Suga Yoshihide, and Kishida Fumio have all strongly supported Taiwan, he said that the peoples of Taiwan and Japan also have a deep mutual affection, and that through the interview, he hopes to enhance the bilateral relationship between Taiwan and Japan, deepen the affection between our peoples, and foster more future cooperation to promote prosperity and development in both countries. In response to questions raised on the free trade system and the recent tariff war, President Lai indicated that over the past few decades, the free economy headed by the Western world and led by the US has brought economic prosperity and political stability to Taiwan and Japan. At the same time, he said, we have also learned or followed many Western values. The president said he believes that Taiwan and Japan are exemplary students, but some countries are not. Therefore, he said, the biggest crisis right now is China, which exploits the free trade system to engage in plagiarism and counterfeiting, infringe on intellectual property rights, and even provide massive government subsidies that facilitate the dumping of low-priced goods worldwide, which has a major impact on many countries including Japan and Taiwan. If this kind of unfair trade is not resolved, he said, the stable societies and economic prosperity we have painstakingly built over decades, as well as some of the values we pursue, could be destroyed. Therefore, President Lai said he thinks it is worthwhile for us to observe the recent willingness of the US to address unfair trade, and if necessary, offer assistance. President Lai emphasized that the national strategic plan for Taiwanese industries is for them to be rooted in Taiwan while expanding their global presence and marketing worldwide. Therefore, he said, while the 32 percent tariff increase imposed by the US on Taiwan is indeed a major challenge, we are willing to address it seriously and find opportunities within that challenge, making Taiwan’s strategic plan for industry even more comprehensive. When asked about Taiwan’s trade arrangements, President Lai indicated that in 2010 China accounted for 83.8 percent of Taiwan’s outbound investment, but last year it accounted for only 7.5 percent. In 2020, he went on, 43.9 percent of Taiwan’s exports went to China, but that figure dropped to 31.7 percent in 2024. The president said that we have systematically transferred investments from Taiwanese enterprises to Japan, Southeast Asia, Europe, and the US. Therefore, he said, last year Taiwan’s largest outbound investment was in the US, accounting for roughly 40 percent of the total. Nevertheless, only 23.4 percent of Taiwanese products were sold to the US, with 76.6 percent sold to places other than the US, he said.  The president emphasized that we don’t want to put all our eggs in one basket, and hope to establish a global presence. Under these circumstances, he said, Taiwan is very eager to cooperate with Japan. President Lai stated that at this moment, the Indo-Pacific and international community really need Japan’s leadership, especially to make the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) excel in its functions, and also requested Japan to support Taiwan’s CPTPP accession. The president said that Taiwan hopes to sign an Economic Partnership Agreement (EPA) with Japan to build closer ties in economic trade and promote further investment, and that we also hope to strengthen relations with the European Union, and even other regions. Currently, he said, we are proposing an initiative on global semiconductor supply chain partnerships for democracies, because the semiconductor industry is an ecosystem. The president raised the example that Japan has materials, equipment, and technology; the US has IC design and marketing; Taiwan has production and manufacturing; and the Netherlands excels in equipment, saying we therefore hope to leverage Taiwan’s advantages in production and manufacturing to connect the democratic community and establish a global non-red supply chain for semiconductors, ensuring further world prosperity and development in the future, and ensuring that free trade can continue to function without being affected by dumping, which would undermine future prosperity and development. The president stated that as we want industries to expand their global presence and market internationally while staying rooted here in Taiwan, having industries rooted in Taiwan involves promoting pay raises for employees, tax cuts, and deregulation, as well as promoting enterprise investment tax credits. He said that we have also proposed Three Major Programs for Investing in Taiwan for Taiwanese enterprises and are actively resolving issues regarding access to water, electricity, land, human resources, and professional talent so that the business community can return to Taiwan to invest, or enterprises in Taiwan can increase their investments. He went on to say that we are also actively signing bilateral investment agreements with friends and allies so that when our companies invest and expand their presence abroad, their rights and interests as investors are ensured.  President Lai mentioned that Taiwan hopes to sign an EPA with Japan, similar to the Taiwan-US Initiative on 21st-Century Trade and the Economic Prosperity Partnership Dialogue, or the Enhanced Trade Partnership arrangement with the United Kingdom, or similar agreements or memorandums of understanding with Canada and Australia that allow Taiwanese products to be marketed worldwide, concluding that those are our overall arrangements. Looking at the history of Taiwan’s industrial development, President Lai indicated, of course it began in Taiwan, and then moved west to China and south to Southeast Asia. He said that we hope to take this opportunity to strengthen cooperation with Japan to the north, across the Pacific Ocean to the east, and develop the North American market, making Taiwan’s industries even stronger. In other words, he said, while Taiwan sees the current reciprocal tariffs imposed by the US as a kind of challenge, it also views these changes positively. On the topic of pressure from China affecting Taiwan’s participation in international frameworks such as the CPTPP or its signing of an EPA with Japan, President Lai responded that the key point is what kind of attitude we should adopt in viewing China’s acts of oppression. If we act based on our belief in free trade, he said, or on the universal values we pursue – democracy, freedom, and respect for human rights – and also on the understanding that a bilateral trade agreement between Taiwan and Japan would contribute to the economic prosperity and development of both countries, or that Taiwan’s accession to the CPTPP would benefit progress and prosperity in the Indo-Pacific region, then he hopes that friends and allies will strongly support us. On the Trump administration’s intentions regarding the reciprocal tariff policy and the possibility of taxing semiconductors, as well as how Taiwan plans to respond, President Lai said that since President Trump took office, he has paid close attention to interviews with both him and his staff. The president said that several of President Trump’s main intentions are: First, he wants to address the US fiscal situation. For example, President Lai said, while the US GDP is about US$29 trillion annually, its national debt stands at US$36 trillion, which is roughly 124 percent of GDP. Second, he went on, annual government spending exceeds US$6.5 trillion, but revenues are only around US$4.5 trillion, resulting in a nearly US$2 trillion deficit each year, about 7 percent of GDP. Third, he said, the US pays nearly US$1.2 trillion in interest annually, which exceeds the US$1 trillion defense budget and accounts for more than 3 percent of GDP. Fourth, President Trump still wants to implement tax cuts, aiming to reduce taxes for 85 percent of Americans, he said, noting that this would cost between US$500 billion and US$1 trillion. These points, President Lai said, illustrate his first goal: solving the fiscal problem. President Lai went on to say that second, the US feels the threat of China and believes that reindustrialization is essential; without reindustrialization, the US risks a growing gap in industrial capacity compared to China. Third, he said, in this era of global smart technology, President Trump wants to lead the nation to become a world center of AI. Fourth, he aims to ensure world peace and prevent future wars, President Lai said. In regard to what the US seeks to achieve, he said he believes these four areas form the core of the Trump administration’s intentions, and that is why President Trump has raised tariffs, demanded that trading partners purchase more American goods, and encouraged friendly and allied nations to invest in the US, all in order to achieve these goals. President Lai indicated that the 32 percent reciprocal tariff poses a critical challenge for Taiwan, and we must treat it seriously. He said that our approach is not confrontation, but negotiation to reduce tariffs, and that we have also agreed to measures such as procurement, investment, resolving non-tariff trade barriers, and addressing origin washing in order to effectively reduce the trade deficit between Taiwan and the US. Of course, he said, through this negotiation process, we also hope to turn challenges into opportunities. The president said that first, we aim to start negotiations from the proposal of zero tariffs and seek to establish a bilateral trade agreement with the US. Second, he went on, we hope to support US reindustrialization and its aim to become a world AI hub through investment, while simultaneously upgrading and transforming Taiwan’s industries, which would help further integrate Taiwan’s industries into the US economic structure, ensuring Taiwan’s long-term development.  President Lai emphasized again that Taiwan’s national industrial strategy is for industries to stay firmly rooted in Taiwan while expanding their global presence and marketing worldwide. He repeated that we have gone from moving westward across the Taiwan Strait, to shifting southbound, to working closer northward with Japan, and now the time is ripe for us to expand eastward by investing in North America. In other words, he said, while we take this challenge seriously to protect national interests and ensure that no industry is sacrificed, we also hope these negotiations will lead to deeper Taiwan-US trade relations through Taiwanese investment in the US, concluding that these are our expectations. The president stated that naturally, the reciprocal tariffs imposed by the US will have an impact on Taiwanese industries, so in response, the Taiwanese government has already proposed support measures for affected industries totaling NT$93 billion. In addition, he said, we have outlined broader needs for Taiwan’s long-term development, which will be covered by a special budget proposal of NT$410 billion, noting that this has already been approved by the Executive Yuan and will be submitted to the Legislative Yuan for review. He said that this special budget proposal addresses four main areas: supporting industries, stabilizing employment, protecting people’s livelihoods, and enhancing resilience. As for tariffs on semiconductors, President Lai said, Taiwan Semiconductor Manufacturing Company (TSMC) has committed to investing in the US at the request of its customers. He said he believes that TSMC’s industry chain will follow suit, and that these are concrete actions that are unrelated to tariffs. However, he said, if the US were to invoke Section 232 and impose tariffs on semiconductors or related industries, it would discourage Taiwanese semiconductor and ICT investments in the US, and that we will make this position clear to the US going forward. President Lai indicated that among Taiwan’s exports to the US, there are two main categories: ICT products and electronic components, which together account for 65.4 percent. These are essential to the US, he said, unlike final goods such as cups, tables, or mattresses. He went on to say that what Taiwan sells to the US are the technological products required by AI designers like NVIDIA, AMD, Amazon, Google, and Apple, and that therefore, we will make sure the US understands clearly that we are not exporting end products, but the high-tech components necessary for the US to reindustrialize and become a global AI center. Furthermore, the president said, Taiwan is also willing to increase its defense budget and military procurement. He stated that Taiwan is committed to defending itself and is strongly willing to cooperate with friends and allies to ensure regional peace and stability, and that this is also something President Trump hopes to see. Asked whether TSMC’s fabs overseas could weaken Taiwan’s strategic position as a key hub for semiconductor manufacturing, and whether that could then give other countries fewer incentives to protect Taiwan, President Lai responded by saying that political leaders around the world including Japan’s Prime Minister Ishiba and former Prime Ministers Abe, Suga, and Kishida have emphasized, at the G7 and other major international fora, that peace and stability in the Taiwan Strait are essential for global security and prosperity. In other words, he explained, the international community cares about Taiwan and supports peace and stability in the Taiwan Strait because Taiwan is located in the first island chain in the Indo-Pacific, directly facing China. He pointed out that if Taiwan is not protected, China’s expansionist ambitions will certainly grow, which would impact the current rules-based international order. Thus, he said, the international community willingly cares about Taiwan and supports stability in the Taiwan Strait – that is the reason, and it has no direct connection with TSMC. He noted that after all, TSMC has not made investments in that many countries, stressing that, on that point, it is clear. President Lai said that TSMC’s investments in Japan, Europe, and the US are all natural, normal economic and investment activities. He said that Taiwan is a democratic country whose society is based on the rule of law, so when Taiwanese companies need to invest around the world for business needs, the government will support those investments in principle so long as they do not harm national interests. President Lai said that after TSMC Chairman C.C. Wei (魏哲家) held a press conference with President Trump to announce the investment in the US, Chairman Wei returned to Taiwan to hold a press conference with him at the Presidential Office, where the chairman explained to the Taiwanese public that TSMC’s R&D center will remain in Taiwan and that the facilities it has already committed to investing in here will not change and will not be affected. So, the president explained, to put it another way, TSMC will not be weakened by its investment in the US. He further emphasized that Taiwan has strengths in semiconductor manufacturing and is very willing to work alongside other democratic countries to promote the next stage of global prosperity and development. A question was raised about which side should be chosen between the US and China, under the current perception of a return to the Cold War, with East and West facing off as two opposing blocs. President Lai responded by saying that some experts and scholars describe the current situation as entering a new Cold War era between democratic and authoritarian camps; others assert that the war has already begun, including information warfare, economic and trade wars, and the ongoing wars in Europe – the Russo-Ukrainian War – and the Middle East, and the Israel-Hamas conflict. The president said that these are all matters experts have cautioned about, noting that he is not a historian and so will not attempt to define today’s political situation from an academic standpoint. However, he said, he believes that every country has a choice, which is to say, Taiwan, Japan, or any other nation does not necessarily have to choose between the US and China. What we are deciding, he said, is whether our country will maintain a democratic constitutional system or regress into an authoritarian regime, and this is essentially a choice of values – not merely a choice between two major powers. President Lai said that Taiwan’s situation is different from other countries because we face a direct threat from China. He pointed out that we have experienced military conflicts such as the August 23 Artillery Battle and the Battle of Guningtou – actual wars between the Republic of China and the People’s Republic of China. He said that China’s ambition to annex Taiwan has never wavered, and that today, China’s political and military intimidation, as well as internal united front infiltration, are growing increasingly intense. Therefore, he underlined, to defend democracy and sovereignty, protect our free and democratic system, and ensure the safety of our people’s lives and property, Taiwan’s choice is clear. President Lai said that China’s military exercises are not limited to the Taiwan Strait, and include the East China Sea, South China Sea, and even the Sea of Japan, as well as areas around Korea and Australia. Emphasizing that Taiwan, Japan, Australia, and the Philippines are all democratic nations, the president said that Taiwan’s choice is clear, and that he believes Japan also has no other choice. We are all democratic countries, he said, whose people have long pursued the universal values of democracy, freedom, and respect for human rights, and that is what is most important. Regarding the intensifying tensions between the US and China, the president was asked what roles Taiwan and Japan can play. President Lai responded that in his view, Japan is a powerful nation, and he sincerely hopes that Japan can take a leading role amid these changes in the international landscape. He said he believes that countries in the Indo-Pacific region are also willing to respond. He suggested several areas where we can work together: first, democracy and peace; second, innovation and prosperity; and third, justice and sustainability. President Lai stated that in the face of authoritarian threats, we should let peace be our beacon and democracy our compass as we respond to the challenges posed by authoritarian states. Second, he added, as the world enters an era characterized by the comprehensive adoption of smart technologies, Japan and Taiwan should collaborate in the field of innovation to further drive regional prosperity and development. Third, he continued, is justice and sustainability. He explained that because international society still has many issues that need to be resolved, Taiwan and Japan can cooperate for the public good, helping countries in need around the world, and cooperating to address climate change and achieve net-zero transition by 2050. Asked whether he hopes that the US will continue to be a leader in the liberal democratic system, President Lai responded by saying that although the US severed diplomatic ties with the Republic of China, for the past few decades it has assisted Taiwan in various areas such as national defense, security, and countering threats from China, based on the Taiwan Relations Act and the Six Assurances. He pointed out that Taiwan has also benefited, directly and indirectly, in terms of politics, democracy, and economic prosperity thanks to the US, and so Taiwan naturally hopes that the US remains strong and continues to lead the world. President Lai said that when the US encounters difficulties, whether financial difficulties, reindustrialization issues, or becoming a global center for AI, and hopes to receive support from its friends and allies to jointly safeguard regional peace and stability, Taiwan is willing to stand together for a common cause. If the US remains strong, he said, that helps Taiwan, the Indo-Pacific region, and the world as a whole. Noting that while the vital role of the US on the global stage has not changed, the president said that after decades of shouldering global responsibilities, it has encountered some issues. Now, it has to make adjustments, he said, stating his firm belief that it will do so swiftly, and quickly resume its leadership role in the world. Asked to comment on remarks he made during his election campaign that he would like to invite China’s President Xi Jinping for bubble tea, President Lai responded that Taiwan is a peace-loving country, and Taiwanese society is inherently kind, and therefore we hope to get along peacefully with China, living in peace and mutual prosperity. So, during his term as vice president, he said, he was expressing the goodwill of Taiwanese society. Noting that while he of course understands that China’s President Xi would have certain difficulties in accepting this, he emphasized that the goodwill of Taiwanese society has always existed. If China reflects on the past two or three decades, he said, it will see that its economy was able to develop with Taiwan as its largest foreign investor. The president explained that every year, 1 to 2 million Taiwanese were starting businesses or investing in China, creating numerous job opportunities and stabilizing Chinese society. While many Taiwanese businesses have profited, he said, Chinese society has benefited even more. He added that every time a natural disaster occurs, if China is in need, Taiwanese always offer donations. Therefore, the president said, he hopes that China can face the reality of the Republic of China’s existence and understand that the people of Taiwan hope to continue living free and democratic lives with respect for human rights. He also expressed hope that China can pay attention to the goodwill of Taiwanese society. He underlined that we have not abandoned the notion that as long as there is parity, dignity, exchange, and cooperation, the goodwill of choosing dialogue over confrontation and exchange over containment will always exist. Asked for his view on the national security reforms in response to China’s espionage activities and infiltration attempts, President Lai said that China’s united front infiltration activities in Taiwan are indeed very serious. He said that China’s ambitions to annex Taiwan rely not only on the use of political and military intimidation, but also on its long-term united front and infiltration activities in Taiwanese society. Recently, he pointed out, the Taiwan High Prosecutors Office of the Ministry of Justice prosecuted 64 spies, which is three times the number in 2021, and in addition to active-duty military personnel, many retired military personnel were also indicted. Moreover, he added, Taiwan also has the Chinese Unification Promotion Party, which has a background in organized crime, Rehabilitation Alliance Party, which was established by retired military personnel, and Republic of China Taiwan Military Government, which is also composed of retired generals. He explained that these are all China’s front organizations, and they plan one day to engage in collaboration within Taiwan, which shows the seriousness of China’s infiltration in Taiwan. Therefore, the president said, in the recent past he convened a high-level national security meeting and proposed 17 response strategies across five areas. He then enumerated the five areas: first, to address China’s threat to Taiwan’s sovereignty; second, to respond to the threat of China’s obscuring the Taiwanese people’s sense of national identity; third, to respond to the threat of China’s infiltrating and recruiting members of the ROC Armed Forces as spies; fourth, to respond to the threat of China’s infiltration of Taiwanese society through societal exchanges and united front work; and fifth, to respond to the threat of China using “integration plans” to draw Taiwan’s young people and Taiwanese businesses into its united front activities. In response to these five major threats, he said, he has proposed 17 response strategies, one of which being to restore the military trial system. He explained that if active-duty military personnel commit military crimes, they must be subject to military trials, and said that this expresses the Taiwanese government’s determination to respond to China’s united front infiltration and the subversion of Taiwan. Responding to the question of which actions Taiwan can take to guard against China’s threats to regional security, President Lai said that many people are worried that the increasingly tense situation may lead to accidental conflict and the outbreak of war. He stated his own view that Taiwan is committed to facing China’s various threats with caution. Taiwan is never the source of these problems, he emphasized, and if there is an accidental conflict and it turns into a full-scale war, it will certainly be a deliberate act by China using an accidental conflict as a pretext. He said that when China expanded its military presence in the East China Sea and South China Sea, the international community did not stop it; when China conducted exercises in the Taiwan Strait, the international community did not take strong measures to prevent this from happening. Now, he continued, China is conducting gray-zone exercises, which are aggressions against not only the Taiwan Strait, the South China Sea, and the East China Sea, but also extending to the Sea of Japan and waters near South Korea. He said that at this moment, Taiwan, the Philippines, Japan, and even the US should face these developments candidly and seriously, and we must exhibit unity and cooperation to prevent China’s gray-zone aggression from continuing to expand and prevent China from shifting from a military exercise to combat. If no action is taken now, the president said, the situation may become increasingly serious. Asked about the view of some US analysts who point out that China will have the ability to invade Taiwan around 2027, President Lai responded that Taiwan, as the country on the receiving end of threats and aggression, must plan for the worst and make the best preparations. He recalled a famous saying from the armed forces: “Do not count on the enemy not showing up; count on being ready should it strike.” This is why, he said, he proposed the Four Pillars of Peace action plan. First, he said, we must strengthen our national defense. Second, he added, we must strengthen economic resilience, adding that not only must our economy remain strong, but it must also be resilient, and that we cannot put all our eggs in the same basket, in China, as we have done in the past. Third, he continued, we must stand shoulder to shoulder with friends and allies such as Japan and the US, as well as the democratic community, and we must demonstrate the strength of deterrence to prevent China from making the wrong judgment. Fourth, he emphasized, as long as China treats Taiwan with parity and dignity, Taiwan is willing to conduct exchanges and cooperate with China and seek cross-strait peace and mutual prosperity through exchanges and cooperation. Regarding intensifying US-China confrontation, the president was asked in which areas he thinks Taiwan and Japan should strengthen cooperation; with Japan’s Ishiba administration also being a minority government, the president was asked for his expectations for the Ishiba administration. President Lai said that in the face of rapid and tremendous changes in the political situation, every government faces considerable challenges, especially for minority governments, but the Japanese government led by Prime Minister Ishiba has quite adequately responded with various strategies. Furthermore, he said, Japan is different from Taiwan, explaining that although Japan’s ruling party lacks a majority, political parties in Japan engage in competition domestically while exhibiting unity externally. He said that Taiwan’s situation is more challenging, because the ruling and opposition parties hold different views on the direction of the country, due to differences in national identity. The president expressed his hope that in the future Taiwan and Japan will enjoy even more comprehensive cooperation. He stated that he has always believed that deep historical bonds connect Taiwan and Japan. Over the past several decades, he said, when encountering natural disasters and tragedies, our two nations have assisted each other with mutual care and support. He said that the affection between the people of Taiwan and Japan is like that of a family. Pointing out that both countries face the threat of authoritarianism, he said that we share a mission to safeguard universal values such as democracy, freedom, and respect for human rights. The president said that our two countries should be more open to cooperation in various areas to maintain regional peace and stability as well as to strengthen cooperation in economic and industrial development, such as for semiconductor industry chains and everyday applications of AI, including robots and drones, adding that we can also cooperate on climate change response, such as in hydrogen energy and other strategies. He said our two countries should also continue to strengthen people-to-people exchanges. He then took the opportunity to once again invite our good friends from Japan to visit Taiwan for tourism and learn more about Taiwan, saying that the Taiwanese people wholeheartedly welcome our Japanese friends.  

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    2025-05-09
    President Lai extends congratulations on election of His Holiness Pope Leo XIV  
    Following the successful election of the 267th pope of the Roman Catholic Church, His Holiness Pope Leo XIV, on May 8, President Lai Ching-te extended sincere congratulations on behalf of the people and government of Taiwan, including its Catholic community. The president stated that he looks forward to working with Pope Leo XIV to continue deepening cooperation in the area of humanitarian aid and jointly defend the universal value of religious freedom, expanding and strengthening the alliance between Taiwan and the Vatican. Upon learning of the election results, President Lai directed the Republic of China (Taiwan) Embassy to the Holy See to convey a message of congratulations. In the message, President Lai extended sincere congratulations to Pope Leo XIV on behalf of the people and government of Taiwan, including its Catholic community, expressing confidence that His Holiness will lead the Catholic Church and its 1.4 billion followers worldwide with profound wisdom. President Lai also emphasized that Taiwan looks forward to continuing to work alongside the Holy See in the shared pursuit of peace, justice, religious freedom, solidarity, friendship, and human dignity. This year marks the 83rd anniversary of the establishment of diplomatic ties between Taiwan and the Vatican. Enjoying a strong alliance, Taiwan and the Vatican share such universal values as freedom of religion, respect for human rights, peace, and benevolence, and conduct close exchanges. Taiwan will continue to engage in exchanges and cooperation with the Holy See, further strengthen bilateral relations, and work alongside the Holy See to contribute even more to the world.  

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    2025-05-05
    President Lai meets Japanese Diet Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi
    On the afternoon of May 5, President Lai Ching-te met with a delegation from Japan led by House of Representatives Member and former Minister of Economy, Trade, and Industry Nishimura Yasutoshi. President Lai thanked the government of Japan for continuously speaking up for Taiwan at international venues and reiterating the importance of peace and stability in the Taiwan Strait. The president stated that to address China’s gray-zone aggression against neighboring countries, Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. He said he looks forward to bilateral industrial cooperation in fields including semiconductors, hydrogen energy, AI, and drones, jointly strengthening the resilience of non-red supply chains, and promoting mutual prosperity and development.    A translation of President Lai’s remarks follows: I would like to welcome all the members of the Japanese Diet who are using their valuable Golden Week vacation to visit Taiwan, especially House of Representatives Member Nishimura Yasutoshi, whom former Prime Minister Shinzo Abe deeply trusted and relied on, and who for many years held important cabinet positions. This is his first visit after a hiatus of 17 years, so I am sure he will sense Taiwan’s progress and development. House of Representatives Member Tanaka Kazunori has long promoted local exchanges between Taiwan and Japan, and I hope that our visitors will all gain a deeper understanding of Taiwan through this visit.  Yesterday, several of our distinguished guests made a special trip to Kaohsiung to pay their respects at the statue of former Prime Minister Abe, a visionary politician with a broad, international perspective. The former prime minister pioneered the vision of a free and open Indo-Pacific, and once said that “if Taiwan has a problem, then Japan has a problem,” demonstrating strong support for Taiwan and making a deep and lasting impression on the hearts of Taiwanese. Over the past few years, China has continuously conducted military exercises in the Taiwan Strait, East and South China Seas, and carried out acts of gray-zone aggression against neighboring countries, severely undermining regional peace and stability. Taiwan and Japan, both located in the first island chain, should strengthen cooperation and respond together. Especially since Taiwan and Japan are democratic partners who share values such as freedom, democracy, and respect for human rights, if we can strengthen cooperation in areas such as maritime security, social resilience, and addressing gray-zone aggression, I am confident we can demonstrate the strength of deterrence, ensure peace and stability in the Indo-Pacific region, and safeguard our cherished democratic institutions. I would like to take this opportunity to thank the Japanese government for continuously speaking up for Taiwan at international venues, including this year’s US-Japan leaders’ summit, the G7 foreign ministers’ joint statement, and the Japan-NATO bilateral meeting, reiterating the importance of peace and stability in the Taiwan Strait and expressing opposition to unilaterally changing the status quo by force or coercion. In the face of global economic and trade changes, economic security is becoming increasingly important, and Taiwan looks forward to further deepening economic cooperation with Japan. In addition to actively seeking to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Taiwan hopes to sign an economic partnership agreement (EPA) with Japan as soon as possible. This will expand our cooperation in industries such as semiconductors, hydrogen energy, AI, and drones, establish a closer economic partnership, jointly strengthen the resilience of non-red supply chains, and promote mutual prosperity and development. Once again, I welcome all of our guests. I am deeply grateful for your taking concrete action to deepen Taiwan-Japan relations and show support for Taiwan. I wish you a successful and rewarding visit.  Representative Nishimura then delivered remarks, first thanking President Lai for taking time out of his busy schedule to meet with the visiting delegation. He also expressed admiration for the performance of President Lai’s government, which has allowed Taiwan to develop smoothly amidst the current complex international situation. Representative Nishimura mentioned that when former Prime Minister Abe unfortunately passed away in 2020, President Lai, who was vice president at the time, personally visited the former prime minister’s residence to offer his condolences. The representative said that including that meeting, today is the second time he and President Lai have met. This delegation’s visit to Taiwan, he said, carries on the legacy of former Prime Minister Abe. He said that Taiwan and Japan are countries that share universal values and have close ties in terms of economic cooperation and mutual visits. Notably, he highlighted, in 2024, business travelers from Taiwan made over six million visits to Japan, and based on population, Taiwan has the highest percentage of visitors to Japan. He also expressed hope that more Japanese people will visit Taiwan for tourism.   Representative Nishimura stated that the delegation visited Kaohsiung yesterday to pay their respects at the statue of former Prime Minister Abe. Then, he said, they traveled to Tainan to sample a wide variety of fruits and local delicacies, during which time they also discussed the Wushantou Reservoir, built by Japanese engineer Hatta Yoichi. Since May 8 is the anniversary of Mr. Hatta’s birth, Representative Nishimura said he hopes to use this opportunity to continue Mr. Hatta’s concern and love for Taiwan, and further deepen the friendship between Taiwan and Japan. Representative Nishimura said that when he served as Japan’s Minister of Economy, Trade, and Industry, he welcomed Taiwan’s application to join the CPTPP on behalf of the Japanese government. He also said that his government has also provided substantial assistance for the establishment of Taiwan Semiconductor Manufacturing Company’s (TSMC) fab in Kumamoto, Japan. He said he believes that mutual cooperation between Taiwan and Japan in the semiconductor sector can further promote semiconductor industry development, and build a more resilient supply chain system. Representative Nishimura pointed out that former Prime Minister Abe once said, “If Taiwan has a problem, then Japan has a problem.” Currently, many European countries are also very concerned about peace and stability in the Asia-Pacific region, because it is crucial to peace and stability in the entire international community. It can therefore be said that “if Taiwan has a problem, the world has a problem.” He said he believes that in order to maintain peace and stability in the Taiwan Strait, like-minded countries and allied nations must all cooperate closely and definitively proclaim that message. He then said he looks forward to exchanging views with President Lai on issues such as strengthening Taiwan-Japan relations and changes in the international situation. The delegation also included Chairman of Kanagawa Prefecture Japan-Taiwan Friendship Association Matsumoto Jun, Japanese House of Representatives members Nishime Kosaburo, Sasaki Hajime, Yana Kazuo, and Katou Ryusho, and Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki. 

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    2025-05-02
    President Lai meets Atlantic Council delegation
    On the afternoon of May 2, President Lai Ching-te met with a delegation from the Atlantic Council, a think tank based in Washington, DC. In remarks, President Lai said that we have already proposed a roadmap for deepening Taiwan-US trade ties to achieve a common objective of reducing all bilateral tariffs. At the same time, the president said, we will expand investments across the United States and create win-win outcomes for both sides through the trade and economic strategy of “Taiwan plus the US.” The president also emphasized that Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. He expressed hope that, given shared economic and security interests, Taiwan and the US will generate even greater synergy and prove to be each other’s strongest support. A translation of President Lai’s remarks follows: I welcome you all to Taiwan. In particular, Vice President Matthew Kroenig visited Taiwan last June and now is making another trip less than a year later. He also contributed an important article supporting Taiwan to a major international publication, highlighting the concern that our international friends have for Taiwan. We are truly moved and thankful. On behalf of the people of Taiwan, I sincerely thank all sectors of the US for their longstanding and steadfast support for Taiwan. Especially, as we face the challenges arising from the regional situation, we hope to continue deepening the Taiwan-US partnership. Holding a key position on the first island chain, Taiwan faces military threats and gray-zone aggression from China. We will continue to show our unwavering determination to defend ourselves. I want to emphasize that Taiwan is accelerating efforts to enhance its overall defense capabilities. The government will also prioritize special budget allocations to increase Taiwan’s defense spending from 2.5 percent of GDP to more than 3 percent. This reflects the efforts we are putting into safeguarding our nation and demonstrates our determination to safeguard regional peace and stability. During President Donald Trump’s first term, Taiwan purchased 66 new F-16V fighter jets. The first of these rolled off the assembly line in South Carolina at the end of this March. This is crucial for Taiwan’s strategy of achieving peace through strength. In the future, we will continue to procure defense equipment from the US that helps ensure peace and stability across the Taiwan Strait. We also look forward to bilateral security collaboration evolving beyond arms sales to a partnership that encompasses joint research and development and joint manufacturing, further strengthening our cooperation and exchanges. Taiwan firmly believes in fair, free, and mutually beneficial trade ties. Indeed, we have already proposed a roadmap for deepening Taiwan-US trade ties. This includes our common objective of reducing all bilateral tariffs as well as narrowing the trade imbalance through the procurement of energy and agricultural and other industrial products from the US. At the same time, we will expand investments across the US. We will promote our “Taiwan plus one” policy, that is, the new trade and economic strategy of “Taiwan plus the US,” to build non-red supply chains and create win-win outcomes for both sides. As the US is moving to reindustrialize its manufacturing industry and may hope to become a global manufacturing center for AI, Taiwan is willing to join in the efforts. Taiwan is not only a bastion of freedom and democracy, but also an indispensable hub for global supply chains. We have every confidence that, given shared Taiwan-US economic and security interests, we can generate even greater synergy and prove to be each other’s strongest support. In closing, I thank Vice President Kroenig once again for leading this delegation, demonstrating support for Taiwan. I look forward to exchanging opinions with you all in just a few moments. I wish you a smooth and successful trip. Vice President Kroenig then delivered remarks, first thanking President Lai for hosting them. He said that it is an honor to be here and to lead a delegation from the Atlanta Council, which consists of a mix of former senior US government officials with responsibility for Taiwan and also rising stars visiting Taiwan for the first time. Vice President Kroenig said that they are here at a critical moment, as there is an ongoing war in Europe, multiple conflicts in the Middle East, and increased Chinese aggression in the Indo-Pacific. Moreover, he pointed out, the regimes of China, Russia, Iran, and North Korea are increasingly working together in a new axis of aggressors. Vice President Kroenig indicated that the challenge facing the US and its allies and partners, including Taiwan, is how to deter these autocracies and maintain global peace, prosperity, and freedom, especially in Taiwan, whose security and stability matter, not only for Taiwan, but also for the US and the world. Vice President Kroenig assured President Lai and the people of Taiwan that the US is a reliable partner for Taiwan. The vice president stated that the administration under President Trump is prioritizing the deterrence of China, and that President Trump has announced an intention to have the largest US defense budget in history, more than US$1 trillion, to resource this priority. Pointing out that an America-first president will not help a country that is not helping itself, Vice President Kroenig said that their delegation has been impressed with the steps President Lai and the administration are taking to strengthen Taiwan’s security, including increasing defense spending, developing a societal resilience strategy, and using cutting edge technologies like unmanned systems to promote indigenous defense production. Vice President Kroenig said that more than money and equipment are necessary to secure a democracy against a powerful and ruthless neighbor, adding that history shows that the human factor is the most important. In the end, he said, it will be the will of the people of Taiwan to resist coercion and to defend their home which will be the most important factor determining the future fate of Taiwan and for the ability of the people of Taiwan to chart their own destiny. Vice President Kroenig emphasized that Americans are willing to support Taiwan in this endeavor, but it will be the people of Taiwan and strong and capable leaders like President Lai at the forefront of this struggle, with the firm support of America. Vice President Kroenig said that as the US and Taiwan work together on these challenges, the Atlantic Council looks forward to offering support behind the scenes. Founded in 1961 to support the Transatlantic Alliance, he said, the Atlantic Council is a global think tank, and part of its DNA is working closely with friends and allies in the Indo-Pacific, including Taiwan. He said they look forward to continuing their close and longstanding cooperation with Taiwan through visiting delegations, research and reports, and public and private events. In closing, Vice President Kroenig thanked President Lai again for hosting them and for the work he is doing to secure the free world. The delegation also included former Deputy Assistant Secretary of Defense for East Asia Heino Klinck and former Director for Taiwan Affairs at the White House National Security Council Marvin Park.

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    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 –

    May 20, 2025
  • MIL-OSI Asia-Pac: Fraudulent websites and internet banking login screens related to Shanghai Commercial Bank Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to fraudulent websites and internet banking login screens, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the websites or login screens concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –

    May 20, 2025
  • MIL-OSI Asia-Pac: Winnie Ho begins Paris visit

    Source: Hong Kong Information Services

    Secretary for Housing Winnie Ho yesterday began her trip to Paris, France, by visiting a social housing project, a zero carbon district and a construction innovation centre.

    At the social housing project which is undergoing renovation and will be upgraded into an energy saving and environmentally friendly building, Ms Ho learnt about how Paris minimises the impact of the works on the residents while they remain in place during the renovation.

    During the visit, she shared the Housing Authority’s (HA) experience in redeveloping aged public housing estates, including conducting detailed studies and listening carefully to stakeholders’ views through diversified means to forge a consensus and formulate the most suitable and cost-effective redevelopment plans.

    Furthermore, to enhance the sense of well-being of the residents, the Housing Bureau (HB) and the HA launched a resident-oriented “Well-being design” guide last year.

    The guide serves as a reference for the future design of new public housing estates and the improvement works of existing estates to create a more comfortable and inclusive estate environment.

    In the afternoon, Ms Ho visited Îlot Fertile, a zero carbon district in Paris which is a composite development project with abundant green space, integrating social housing, offices, commercial, retail, hostels and more.

    Renewable energy systems and innovative construction technologies are adopted during the construction to implement low-carbon building initiatives and enhance energy efficiency in buildings.

    The housing chief pointed out that air ventilation assessments and microclimate studies are carried out for the HA’s new public housing developments to enhance environmental performance in aspects such as wind environment, natural ventilation and natural light exposure in buildings.

    The HB and the HA have also been actively promoting the application of innovative construction technologies such as Modular Integrated Construction, Multi-trade Integrated Mechanical, Electrical & Plumbing and construction robotics.

    These help to enhance construction quality and efficiency, shorten construction time and greatly reduce material waste, making the construction more environment friendly.

    She said Hong Kong and Paris share the same vision in promoting energy saving and green buildings, and hoped to strengthen relevant co-operation between the two cities.

    Ms Ho then visited the Construction Innovation Centre at the Bouygues Construction headquarters and met Bouygues Construction Group Chairman and Chief Executive Officer (CEO) Pascal Minault and Deputy CEO Pierre-Éric Saint-André to exchange ideas on the latest smart building technologies, green building and sustainable urban development.

    She noted that Bouygues Construction and Dragages Hong Kong, headed by the group, have established a presence in Hong Kong for many years and contributed in various infrastructure, government buildings and public housing projects, and that she looked forward to continued collaboration in driving the industry to usher in a new era of smart construction.

    MIL OSI Asia Pacific News –

    May 20, 2025
  • MIL-OSI Asia-Pac: Jobless rate rises to 3.4%

    Source: Hong Kong Information Services

    For the three months from February to April, the seasonally adjusted unemployment rate was 3.4%, a rise of 0.2 percentage points compared to the figures for January to March, the Census & Statistics Department announced today.

    The underemployment rate also rose from 1.1% to 1.3% during the same period.

    Total employment fell by around 15,600 to 3,677,100, while the labour force also dropped by around 9,000 to 3,806,500.

    The number of unemployed people increased by around 6,600 to 129,400. Meanwhile, the number of underemployed people rose by around 4,900 to 47,600.

    Looking ahead, Secretary for Labour & Welfare Chris Sun said that various industries in Hong Kong are undergoing a transitional period, adding that their unemployment rates may go upward or downward.

    However, he outlined that the recent easing of trade tensions, continued growth in the economy and the Government’s various measures to boost momentum will provide support to the labour market.

    Mr Sun said that although Hong Kong has experienced some recent shop closures, there have also been openings of many new shops, suggesting the emergence of new demand and new consumption trends. He also stressed that a significant increase in the number of inbound visitors will bring more opportunities to the labour market.

    MIL OSI Asia Pacific News –

    May 20, 2025
  • PM Modi to visit Rajasthan on May 22, unveil development projects worth over ₹26,000 crore

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is scheduled to visit Rajasthan on May 22, where he will inaugurate and lay the foundation stone for a series of development projects worth over ₹26,000 crore. The visit will include a public address in Palana, Bikaner, and a darshan at the Karni Mata Temple in Deshnoke around 11:00 AM.

    Focus on Rail Infrastructure

    As part of the day’s events, PM Modi will inaugurate the redeveloped Deshnoke Railway Station under the Amrit Bharat Station Scheme and flag off the Bikaner-Mumbai express train. He will also launch 103 redeveloped Amrit Stations across 86 districts in 18 states and union territories, developed at a cost of over ₹1,100 crore. These stations integrate modern passenger amenities with regionally inspired architecture and improved accessibility, including facilities for Divyangjan.

    Reflecting India’s diverse cultural fabric, stations like Deshnoke, Thawe, and Begumpet are being redesigned to showcase traditional architectural styles and local art forms as part of a nationwide revamp covering over 1,300 railway stations.

    The Prime Minister will also dedicate six electrified rail lines across Rajasthan and lay the foundation stone for the Churu–Sadulpur rail line. These electrification projects, covering nearly 1,000 km, support Indian Railways’ goal of 100% electrification for enhanced operational efficiency and reduced carbon emissions.

    Expansion of Road Network

    Significant investments in road infrastructure are also on the agenda, with PM Modi laying the foundation stone for three vehicle underpasses and several national highway upgrades. He will also dedicate seven major roadway projects in Rajasthan, collectively worth over ₹4,850 crore. These projects aim to improve connectivity to the Indo-Pak border, boosting both civilian mobility and national security.

    Push for Renewable Energy and Power Transmission

    The Prime Minister will further inaugurate and lay the foundation stones for several power and renewable energy projects, including large-scale solar energy developments in Bikaner and Didwana Kuchaman. Projects under PowerGrid Mewar and Sirohi Transmission Ltd will bolster energy evacuation systems. The expansion of solar and transmission capacity is expected to provide clean energy and support India’s climate goals.

    State Projects: Roads, Health, and Water Supply

    A total of 25 state government projects will also be inaugurated or launched during the visit. These include improvements to over 750 km of state highways, with an additional 900 km planned under future phases, at a cost exceeding ₹3,240 crore. In the health sector, PM Modi will inaugurate nursing colleges in Rajsamand, Pratapgarh, Bhilwara, and Dholpur to enhance medical education and local healthcare capacity.

    Water infrastructure projects will also feature prominently. These include the Rural Water Supply and Fluorosis Mitigation Project in Jhunjhunu and the restructuring of urban water supply schemes in seven towns of Pali district under the AMRUT 2.0 scheme.

    This visit comes as part of the government’s broader push to enhance infrastructure, connectivity, and clean energy development across India’s heartland, with Rajasthan at the centre of several strategic initiatives.

    May 20, 2025
  • MIL-OSI: YBUOJ CEO Berton Hosea Discusses Strategic Blueprint to Drive Global Digital Asset Market Development

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., May 20, 2025 (GLOBE NEWSWIRE) — Recently, Berton Hosea, founder and CEO of YBUOJ, unveiled the globalization strategy of the company, emphasizing that “technology innovation and ecosystem collaboration will serve as the dual core drivers to build critical infrastructure for the digital economy era.”

    According to information provided by YBUOJ, its globalization strategy not only involves expanding business operations in North America, Europe, and Asia but also focuses on building an integrated, cross-border, dynamic, and compliant operational model through collaboration with financial regulatory agencies worldwide.

    Berton Hosea, a seasoned leader with a profound industry background, brings over 25 years of experience in managing high-tech enterprises. In complex market environments, he has driven sustained corporate growth with exceptional strategic vision and execution capabilities. With extensive expertise in international market expansion, product innovation, and corporate strategic planning, Hosea has demonstrated extraordinary leadership in navigating global competition.

    Hosea highlighted that YBUOJ has established a compliance engine capable of adapting to multi-national regulations, integrating AI to predict future regulatory trends and proactively mitigate potential risks. As part of its global expansion strategy, YBUOJ also prioritizes optimizing user experience. The platform currently supports multi-language interfaces and dynamically identifies user time zones and language preferences to deliver personalized interface customization and market-specific content.

    Throughout the interview, Hosea repeatedly emphasized the concept of “long-termism”. He stated, “YBUOJ is not a short-term player in the fast-paced crypto bull market. We are building a sustainable, secure, intelligent, compliant, and globally applicable core trading architecture.”

    Looking ahead, YBUOJ is accelerating its deep strategic expansion in the global digital finance sector. The platform ambitions extend beyond merely constructing a trading system; it aims to comprehensively advance four key engines—technology-driven innovation, compliance collaboration, ecosystem co-construction, and environmentally sustainable development. By doing so, YBUOJ seeks to redefine the operational logic and value framework of the global crypto market, propelling the entire industry into a new stage of development.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b519ceeb-d576-4d54-8395-9799e2a0b03e

    The MIL Network –

    May 20, 2025
  • MIL-OSI: YBUOJ Launches Dynamic Cross-Border Compliance Engine to Ensure Comprehensive Transaction Compliance

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., May 20, 2025 (GLOBE NEWSWIRE) — Recently, YBUOJ Exchange officially announced the full launch of its independently developed dynamic cross-border compliance engine system. This system can automatically adjust the platform compliance parameters based on real-time changes in laws and regulations where users are located, ensuring that all trading operations are conducted within the permissible regulatory framework.

    CEO Berton Hosea stated at the launch, “This is not just a technical release but a strategic deployment in deep response to global cryptocurrency industry regulatory trends.”

    In the current environment where regulations are increasingly stringent, traditional methods relying on legal advisors and manual reviews are insufficient to support fast and complex cross-border trading activities. The YBUOJ concept of “compliance automation” clearly offers a more pragmatic and sustainable path for the entire industry.

    The system launch also signals next steps of YBUOJ in global expansion. The platform plans to establish compliance operation centers in South America, Eastern Europe, and Southeast Asia to further localize platform services and implement a strategy of “operating while adapting” through communication mechanisms with local regulatory bodies.

    Berton Hosea added, “As the global digital asset market matures, the clarity of regulatory frameworks will become a core standard for platforms to win user trust. The dynamic compliance engine of YBUOJ is our long-term commitment to the safety and legal rights of user assets.”

    The launch of the dynamic compliance system is not only a reflection of technological innovation but also a release of values: “to make regulation the foundation for driving innovation, rather than a barrier to development.”

    Since its inception, YBUOJ has adhered to a “technology-driven + compliance-first” approach. Its microservice architecture, AI-driven data engine, full-chain encryption transmission, and distributed clearing system collectively build a robust platform capable of responding to rapidly changing market environments.

    In an increasingly institutionalized market nowadays, those who can first build compliance barriers will have the opportunity to occupy the absolute high ground in the next round of industry reshuffling. YBUOJ, with its dynamic cross-border compliance engine, is leading the way in this regulatory upgrade.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7243359-e51a-499f-ae0f-dad81a4dfb0d

    The MIL Network –

    May 20, 2025
  • MIL-OSI Banking: WTO Chairs Programme activities launched at Dominican Republic university

    Source: WTO

    Headline: WTO Chairs Programme activities launched at Dominican Republic university

    The WTO Chairs Programme (WCP) aims to support and promote trade-related academic activities by universities and research institutions in developing and least-developed WTO member economies. Projects are funded for a period of four years and continue through support from their institutions, members, and other stakeholders that draw on them. The goal of the programme is to build capacity in international trade through research, curriculum development and outreach.
    WTO Deputy Director-General Xiangchen Zhang said the key activities of the Universidad Iberoamericana (UNIBE) for the current year will centre on trade and environment sustainability, and in particular finding solutions that reduce plastics pollution.
    “This focus is certainly timely and relevant, particularly for an island economy like the Dominican Republic, which must grapple with the effects of climate change,” DDG Zhang said. “As you continue to seek growth while facing the challenges confronting your island economy, the Chair at UNIBE will be a valuable resource in providing tailored research and constructive engagement on key trade issues.”
    The WCP is funded by France, Austria and the Republic of Korea. With the addition of this institution, the WCP network has expanded within the Central American region, which was previously under-represented.
    Ambassador Emmanuelle Ivanov-Durand, Permanent Representative of France to the WTO, said: “Your work can help us to meet the challenges of our time, particularly in the field of sustainable development, and thereby make the system even more efficient. The courses you will be setting up on trade and environmental sustainability will undoubtedly contribute to our reflection.”
    Also present at the event was Ambassador José R. Sánchez-Fung, Permanent Representative of the Dominican Republic to the WTO, who recognized this as an important milestone. “The Dominican Republic welcomes the WCP Chair at UNIBE. The Programme will be instrumental in developing our country’s ability to participate in the global trading system and contribute productively to the rest of the WTO’s membership.”
    UNIBE is now part of a global network that facilitates cooperation between governments, universities and multilateral organizations. Vilma Arbaje, Deputy Minister of Foreign Trade at the Dominican Republic’s Ministry of Industry, Commerce and MSMEs, congratulated Odile Camilo, Rector of UNIBE: “The establishment of the WCP Chair at UNIBE consolidates this institution as a regional reference centre in training and research applied to trade and opens up new possibilities for integrating knowledge into the processes of designing and implementing more effective and sustainable public policies for the Ministry of Industry, Trade and MSMEs.
    “This collaboration represents a valuable opportunity to expand our institutional capacities, strengthen ties with the academic world and reinforce the country’s projection in spaces for global dialogue on trade,” she added.
    During the event, a panel comprising representatives of the government and the Association of Industries of the Dominican Republic discussed the importance of the circular economy in the Dominican Republic, offering insights into its future direction. Changing regulations offer a chance for transformation and concrete opportunities for sustainable and competitive development, participants said.
    The industrial sector has already taken steps toward transforming production. Manuel Diaz Franjul, Director of Trade Negotiations for Economic Affairs and International Cooperation, Ministry of Foreign Affairs, said: “As we saw today, trade and the environment and associated policies are a key issue at the international level, and the best way to overcome any differences that arise is through direct engagement.”

    Share

    MIL OSI Global Banks –

    May 20, 2025
  • MIL-OSI United Kingdom: G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    Source: United Kingdom – Government Statements

    Press release

    G7 Export Credit Agency Leaders Meet in London for Two-Day Summit

    UK Export Finance is hosting the annual meeting of leaders of export credit agencies from G7 countries.

    Leaders of G7 export credit agencies (from left to right): Paola Valerio (SACE, Italy), Atsuo Kuroda (NEXI, Japan), Bastian Kern (Export Credit Guarantees Germany), Tim Reid (UK Export Finance), James C. Cruse (US EXIM), Alison Nankivell (EDC, Canada), Armel Castets (Export Finance and Trade Promotion Division, France)

    Leaders of export credit agencies (ECAs) from the G7 nations are gathering in London today (19 May) for a two-day summit focused on “Global Challenges, Shared Solutions”. 

    The Chiefs and senior representatives from the ECAs of Canada, France, Germany, Italy, Japan, and the United States will be hosted by UK Export Finance (UKEF), the UK government’s export credit agency, to address critical issues in international trade finance as part of their annual meeting. 

    The summit will tackle key topics including strengthening supply chain resilience, securing access to critical minerals, and navigating the evolving landscape of export finance amid the growth of domestic industrial programmes and the advancement of artificial intelligence. 

    Tim Reid, Chief Executive of UK Export Finance, said:

    “In today’s world, collaboration between export credit agencies is more vital than ever to unlock critical financing for the largest and most pioneering opportunities aligned to our shared social and economic targets.

    “This annual summit, hosted this year by UKEF, offers a unique opportunity for our G7 ECAs to share insights, align strategies and develop joint approaches to deliver impact for our domestic exporters and in countries around the world. By working together, we can better support businesses navigating international trade challenges while driving sustainable economic growth across our nations.”

    Contact

    Media enquiries:

    Email newsdesk@ukexportfinance.gov.uk

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    Published 20 May 2025

    MIL OSI United Kingdom –

    May 20, 2025
  • MIL-OSI Asia-Pac: Algernon Yau to visit Chongqing

    Source: Hong Kong Information Services

    Secretary for Commerce & Economic Development Algernon Yau will depart tomorrow for Chongqing, where he will attend the 7th Western China International Fair for Investment & Trade and seek to strengthen Hong Kong’s economic and trade exchanges with the Mainland city.

    Mr Yau will return to Hong Kong on May 23. During his absence, Under Secretary for Commerce & Economic Development Bernard Chan will be Acting Secretary.

    MIL OSI Asia Pacific News –

    May 20, 2025
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